REGISTERED COMPANY NUMBER: 06679865 (England and Wales)

REGISTERED CHARITY NUMBER: 1128622

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

AFRICAN CARIBBEAN LEADERSHIP COMPANY

LIMITED

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

15

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

COMMENCEMENT OF OPERATIONS

The charitable company commenced operations on 1 April 2011 following the transfer to it of the net assets and activities of the unincorporated association African Caribbean Leadership Council (Registered Charity No 293668).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote any charitable purpose for the benefit of the inhabitants of the London Borough of Haringey (and its environs) in particular for persons of African and Caribbean origin. It also promotes harmonious community relations.

Activities

The West Indian Cultural Centre (WICC) remains closed, since March 2020, initially due to the pandemic, followed by ongoing Health & Safety issues. Since the closure of the WICC the continuing activities of the ACLC have taken place either online or at other venues. Due to the loss of its main income sources, ACLC's undertakings have been largely supported by reserves, grant income, and donations.

Prior to the lockdown ACLC operated and managed the cultural centre (WICC), provided a venue for various welfare, educational, training, family, social and cultural activities including: room and hall hire, community counselling & mediation, recreational services and activities for young people, and the elderly.

Trustees have continued their duties, with Trustee meetings and General Council meetings held online and in-person.Trustees operate with community cohesion at the heart of decisions. They continue to place emphasis on income generation in order to sustain community impact. ACLC continues to focus on reducing costs and delivering community driven services through new funding opportunities. Delivering services to the most vulnerable is ACLC's highest priority. Through increased community engagement ACLC endeavours to increase its flexibility and potential to alleviate the ongoing challenges its community faces. Re-opening WICC will greatly support ACLC's goals. Funding has been secured in the next financial year to aid re-opening.

Volunteers

ACLC relies heavily on volunteers to promote and carry out its objectives.

FINANCIAL REVIEW

Financial activity

The statement of financial activities as set out on page 5 shows that total incoming resources decreased. This decrease is largely due to to a writing back of liabilities in the prior year. It further demonstrates the impact of the removal of hire income as the WICC remains closed. Total resources expended decreased mainly due to reduced running costs following the centre's closure. As a result, there was a net deficit of £4,939 compared to a net surplus of £39,784 in the previous year.

FUNDING SOURCES

Continued efforts are being made to broaden ACLC's activities and to seek funding from various sources, including income generating activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

African Caribbean Leadership Company Limited (ACLC) is a private company, limited by guarantee, as defined by the Companies Act 2006 and without any share capital. It was registered as a charity on 18 March 2009.

ACLC was incorporated under a Memorandum of Association which established the objects and powers of the charitable company and it is governed by its Articles of Association. In the event the charitable company is wound up each member would be required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

Trustees are appointed and retire in accordance with the requirements of the Articles of Association. A retiring trustee shall be eligible for re-election. The trustees are elected by the members at the Annual General Meeting. All trustees must be members of the charitable company. No trustee may serve as an employee.

Organisational structure

The board of trustees administers the charitable company. The board of trustees meets regularly throughout the year and is responsible for ACLC's strategic direction and policy. At present the board has trustees from a variety of professional backgrounds relevant to the work of the charitable company. A manager may be appointed by the trustees to manage the day to day operations of the charitable company. To facilitate effective operations, the manager can be delegated authority, within terms of delegation approved by trustees. ACLC currently operates without a manager.

Induction and training of new trustees

Most new trustees are already familiar with the practical work of the charitable company having visited ACLC and observed its activities prior to their appointment. Available training is recommended to all new trustees and periodic refresher training for longer term trustees.

Additionally, new trustees are briefed regarding trustees' powers, duties and obligations and are provided with copies of the Memorandum and Articles of Association, the latest report of the trustees and financial statements, and other relevant information.

Risk management

The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate systems and controls are in place to provide reasonable assurance against the risks it faces.

These systems and procedures cover such matters as health and safety, internal controls to provide assurance against fraud and error, and the diversity of funding.

Reserves policy

The trustees aim to maintain unrestricted cash reserves of at least one month's total expenditure.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06679865 (England and Wales)

Registered Charity number

1128622

Registered office

9 Clarendon Road

London

N8 0DJ

Trustees

Ms L M Blackman

Ms J M F Stephens

Ms C P Higgins

Ms V Graham

Ms C P Lomotey

P A Fell

R Nelson

Ms B Jennings

Independent Examiner

Nicholas Christopher

Christopher & Co

Chartered Accountants

51a Anson Road

Tufnell Park

London

N7 0AR

Approved by order of the board of trustees on 20 November 2025 and signed on its behalf by:

Ms C P Higgins - Trustee

Independent examiner's report to the trustees of African Caribbean Leadership Company Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicholas Christopher

Christopher & Co

Chartered Accountants

51a Anson Road

Tufnell Park

London

N7 0AR

20 November 2025

28.2.25

29.2.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

1,000

1,000

2,102

Investment income

2

13

41

54

-

Other income

396

-

396

45,165

Total

409

1,041

1,450

47,267

EXPENDITURE ON

Raising funds

5,369

-

5,369

6,293

Other

1,020

-

1,020

1,190

Total

6,389

-

6,389

7,483

NET INCOME/(EXPENDITURE)

(5,980

)

1,041

(4,939

)

39,784

RECONCILIATION OF FUNDS

Total funds brought forward

50,476

1,807

52,283

12,499

TOTAL FUNDS CARRIED FORWARD

44,496

2,848

47,344

52,283

28.2.25

29.2.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

20,401

-

20,401

21,755

Investments

7

36,000

-

36,000

36,000

56,401

-

56,401

57,755

CURRENT ASSETS

Debtors

8

208

-

208

208

Cash at bank and in hand

2,365

34,603

36,968

29,262

2,573

34,603

37,176

29,470

CREDITORS

Amounts falling due within one year

9

(14,478

)

(31,755

)

(46,233

)

(34,942

)

NET CURRENT ASSETS

(11,905

)

2,848

(9,057

)

(5,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,496

2,848

47,344

52,283

NET ASSETS

44,496

2,848

47,344

52,283

FUNDS

11

Unrestricted funds

44,496

50,476

Restricted funds

2,848

1,807

TOTAL FUNDS

47,344

52,283

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 November 2025 and were signed on its behalf by:

C P Higgins - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc 5% -20% on reducing balance

Fixed asset investments

These are carried at the trustees' estimate of their current market value.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	INVESTMENT INCOME

28.2.25

29.2.24

£

£

Deposit account interest

54

-

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

28.2.25

29.2.24

£

£

Depreciation - owned assets

1,507

1,653

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

480

1,622

2,102

Other income

45,165

-

45,165

Total

45,645

1,622

47,267

EXPENDITURE ON

Raising funds

4,832

1,461

6,293

Other

1,190

-

1,190

Total

6,022

1,461

7,483

NET INCOME

39,623

161

39,784

RECONCILIATION OF FUNDS

Total funds brought forward

10,853

1,646

12,499

TOTAL FUNDS CARRIED FORWARD

50,476

1,807

52,283

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2024

40,926

12,484

53,410

Additions

-

153

153

At 28 February 2025

40,926

12,637

53,563

DEPRECIATION

At 1 March 2024

21,238

10,417

31,655

Charge for year

1,063

444

1,507

At 28 February 2025

22,301

10,861

33,162

NET BOOK VALUE

At 28 February 2025

18,625

1,776

20,401

At 29 February 2024

19,688

2,067

21,755

7.	FIXED ASSET INVESTMENTS

28.2.25

29.2.24

£

£

Other

36,000

36,000

There were no investment assets outside the UK.

Investments (neither listed nor unlisted) were as follows:

28.2.25

29.2.24

£

£

Library of books

36,000

36,000

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

208

208

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 10)

11,265

6,520

Trade creditors

31,756

25,040

Other creditors

3,212

3,382

46,233

34,942

10.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

29.2.24

£

£

Amounts falling due within one year on demand:

Bank overdrafts

11,265

6,520

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.3.24

in funds

28.2.25

£

£

£

Unrestricted funds

General fund

29,896

(5,824

)

24,072

Bar club

15,572

(127

)

15,445

ACLC Counselling & Mediation

5,008

(29

)

4,979

50,476

(5,980

)

44,496

Restricted funds

Just Giving (for building repairs)

1,807

1,041

2,848

TOTAL FUNDS

52,283

(4,939

)

47,344

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

409

(6,233

)

(5,824

)

Bar club

-

(127

)

(127

)

ACLC Counselling & Mediation

-

(29

)

(29

)

409

(6,389

)

(5,980

)

Restricted funds

Just Giving (for building repairs)

1,041

-

1,041

TOTAL FUNDS

1,450

(6,389

)

(4,939

)

Comparatives for movement in funds

Net

movement

At

At 1.3.23

in funds

29.2.24

£

£

£

Unrestricted funds

General fund

(461

)

30,357

29,896

Bar club

16,027

(455

)

15,572

ACLC Counselling & Mediation

(4,713

)

9,721

5,008

10,853

39,623

50,476

Restricted funds

Just Giving (for building repairs)

1,646

161

1,807

TOTAL FUNDS

12,499

39,784

52,283

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

35,793

(5,436

)

30,357

Bar club

59

(514

)

(455

)

ACLC Counselling & Mediation

9,793

(72

)

9,721

45,645

(6,022

)

39,623

Restricted funds

Just Giving (for building repairs)

161

-

161

Caring is Sharing (CIS)

1,261

(1,261

)

-

Action for Race Equality (ARE) Windrush

200

(200

)

-

1,622

(1,461

)

161

TOTAL FUNDS

47,267

(7,483

)

39,784

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.3.23

in funds

28.2.25

£

£

£

Unrestricted funds

General fund

(461

)

24,533

24,072

Bar club

16,027

(582

)

15,445

ACLC Counselling & Mediation

(4,713

)

9,692

4,979

10,853

33,643

44,496

Restricted funds

Just Giving (for building repairs)

1,646

1,202

2,848

TOTAL FUNDS

12,499

34,845

47,344

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

36,202

(11,669

)

24,533

Bar club

59

(641

)

(582

)

ACLC Counselling & Mediation

9,793

(101

)

9,692

46,054

(12,411

)

33,643

Restricted funds

Just Giving (for building repairs)

1,202

-

1,202

Caring is Sharing (CIS)

1,261

(1,261

)

-

Action for Race Equality (ARE) Windrush

200

(200

)

-

2,663

(1,461

)

1,202

TOTAL FUNDS

48,717

(13,872

)

34,845

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2025.

13.	LEASE COMMITMENTS

The charitable company's community centre building is owned by the London Borough of Haringey. The premises are occupied under a 125 year lease agreement which commenced on 25 January 1990 under which no rent is payable to the landlord but the organisation is responsible for the upkeep of the internal decorations and for other running costs of the building generally. The occupation of the building is conditional upon it being used for the activities of a community centre and for no other purpose. Given this overriding condition the trustees do not consider that the provision of the use of the building has any financial "market value" in the generally accepted sense, and accordingly no value is attributed thereto in the financial statements.

14.	PURPOSE OF FUNDS

General Fund: This fund represented the income and expenditure, assets and liabilities relating to room hire and the running and supervision of the day to day activities at the centre including caretaking. Following the cessation of external funding the General Fund also finances some of the activities previously undertaken by the Elderly Day Care Fund.

Bar club: This fund represented the income and expenditure, assets and liabilities relating to operating a bar club.

ACLC Counselling and Mediation Services: This service was set up in 1994, to assist residents on a one to one basis on a number of social and domestic issues. The main objective was to provide a culturally sensitive and safe environment for users to express and present their issues without prejudice; and to provide a confidential and understanding approach to meet the needs of the boroughs African/ African Caribbean and other ethnic minorities. This service was especially dedicated to supporting users with mental health and other psychological needs.

Elderly Day Care: This fund was set up to meet the day care needs of older people from the African/African Caribbean community. Such services included providing residents who are of pensionable age with a three course meal and recreational activities suitable for their age and condition. Following the cessation of external funding the activities previously undertaken by this fund were reduced and were funded by the General Fund.

The above activities were suspended on the closure of the centre.

The activities below were carried on after the closure of the centre.

COVID-19 Response Line: This fund was set up following the receipt of National Lottery funding to provide telephone information and support to the community relating to COVID-19. It is a restricted fund which means that monies received are ring-fenced and can only be spent in accordance with terms specified by the funding source.

Postcode Society Trust: This fund was set up to administer a grant received from the Postcode Lottery to fund a manager for ACLC. It is a restricted fund to be spent in accordance with the terms of the grant.

Windrush Community Fund (Voice 4 Change): This was set up by the Home Office to administer grants received primarily to fund increased awareness of the Windrush Scheme and the Windrush Compensation Scheme, by reaching out to communities and individuals who may have been affected by their inability to prove their lawful status in the UK. It is a restricted fund to be spent in accordance with the terms of the grants

Caring is Sharing (CIS): This was set up following receipt of funds from the National Lottery Community Fund. This senior citizens' project is a community-based initiative that aims to provide a range of activities and resources to support the health, well-being and social connectivity of senior citizens in our community. Its focus is on providing s safe and inclusive environment where seniors can come together to learn, share, and connect with each other. It is a restricted fund to be spent in accordance with the funder's requirements.

.

Action for Race Equality (Windrush Justice Programme): Potential Windrush, Compensation applicants are supported with application submissions and consequential communications with Home Office representatives or agencies. It is a restricted fund to be spent in accordance with the funder's requirements.

15.	SHARE CAPITAL

The charitable company is limited by guarantee and does not have a share capital. Each member's guarantee is limited to £1.

16.	CENTRE CLOSURE

As more fully explained in the Report of the Trustees the centre did not re-open, when restrictions were lifted, due to Health & Safety issues. Nevertheless, ACLC managed financially and continued to provide non-centre based services to the local community. It is hoped it may re-open in the near future.

17.	COMPARATIVE FIGURES

These have been regrouped, where necessary, to provide a fair comparison with those of the current year. Such regrouping does not affect previously reported assets and liabilities, or net incoming/expended resources.