Company ￿￿$tratiOn number.. 2813337
Charity rewstratSon number. 1039039
Af rica 95
(Acornpany lirnited bygvaranteel
Annval Report and Financial Statements
f¢Ythe Year Ended 30 Septemt*r 2022
Field &Jllivan timrted
9 Hare & Billet Road
Bkickheath
SE3 ORB
11
'ACCZRF6H*
2W0912023
COMPANIES HOUSE
A13

Africa 95
Contents
Relerence and Administrati%* O￿all$
Trustees ReFQrt
2to7
Siaternent of Resp¢nstbl1 ities
Independent Exan¥ner's Rep)rt
9tolO
Statemeni of FSnancial *<ti¥ities
li
8alance Sheei
12
Notes to the Financial Statements
13to23

Africa 95
Reference and Administrative Detalls
Trtssiees
AIKia Adarns
iJubukoLa thn¥*ml
Mly4 Kalinda
Alastair Ni¥en LVO. 08
Ayikwei Parkes
Geetha Thafm4ratnam
Sirniso Velemwnl
Ellah Wakatsma ￿tfI¢V OBE, Ichairl
lo3￿39
Charity Registration Number
Company Aegistratlon I￿rnher
2813337
The charity 15 incOr￿ated in England and Wales.
9 Hare & Billet Road
81ackheath
SE3 ORB
Relltytered Olfi¢e
Prindpal Offi
66 Great &rffolk Street
Londo
SEI r￿l
Independert Emaminer
Field Sullivan Limr(ed
9 Hare & 8illet Road
Blarkheath
SE3 OR8
Wjcbtors:
Bates Wells and Boithwaite
10 Queen Street P￿Ce
Lorldon
ÉC3P 3AR
?¥nkers
Naiwesr
I Princes Street
London
EC2R 88P
Page I

Africa 95
Trustees Report
The iru5tees, whg are difedors for the cornpany under the COM￿nIeS Aci 2(￿. submit their report and the
rinancial staien*nts of Africa 95 for the year ended 30 September 2022 whith have been prepared in
compliènte with current statutory Teouirernent5. The Companies Att 1985. the Charities SORP IFRS 1021
app1￿¥ble to charities preparing their accounts In accordance with the FinancKIl Repjrting Standard applicakle
in the UK and Republic of Ireland and the charit￿ 2011." and with the tharity'5 governing dLKumeni, its
MernordThdvm and Articles of AssLKiat•)n.
OblectI￿ aThl actl¥ides
Obit¢ts ondoims
The ¢hariWs otyertNe is io advance the educatk)n of the public in the Urmted Kingdom or overseas in all
mattefs relatint to the Africafi in all their fornts. including but not limited to theatre. dante. musi¢,
cinema, architetture, literature and the Visual arts. The AKO Caine Prize for Afrbcan Writing has been awarded
annually since 2000. aTrd the of ihe charity thr￿h0￿ the year fc<u*d on lundraiyng events and the
administration of the award.
Publk beft¢frt
The charity believes that th*r wlicies and pla￿￿e$ continL* to provide puuie benetrt. The AKO Caine Priie
Award Dinners are accoryyn*d by programmes in London for the short-&sted writer5 which include public
readings and discussion5 at ￿n￿e$ such as the scho￿ of Oriental and African Studie5. the British Library, rhe
Royal Overseas League. John Harvard Ubrary. and independent trthkshops. Thi$ serves to erthance public
under5tandine and appr￿lation of the quality and character ol African wriknn8 in Enelish and thereby enriches
the cultural experienee of a wder ￿adership in this country.
The trustees confimi that they have complied with ihe requioments of 5ertion 17 of the tharities Art 2011 to
have due regard to the public benefit guidance published by the Charitycoffwmissth forEn6land and wa￿5.
Achie¥ements •nd perfomvn¢e
Summary oftheyear
For 23 years. the Caine pri￿ has attheforefront of innty4atrwe C￿nge$ Within the African literary sphere.
The prize has been comnwtted to providing access and breakn.ng down structural barrlefs to facilitate the
success of African writers in publishing laThdscaFe. In sprte of the challenges presented by Cow￿19 pandemic.
2022 proved to be an iMmeasura￿V $￿Cessful yearfor AKO Cèsne Prize.
We established new p3rtner5hips wilh notable instituthMs. reinvi8OYated inteTeA in AfTican writin8 and
implemented innovative way5 of eny8ine ¥Ath literature. This year saw a 130% increase in sutyni55ions from
Wfitefs across the globe.. the INe shonlisted WTr(eT5 were 5ekned from a total of 349 entries from 27 African
countrie5 by a judgine panel Chal￿d by N¥erian academic. auihor and aWard-￿￿ning journalist Professor
Okey Ndibe.
Our partnership with AKO Foundation ended at the eod ol our financial year in 2022 ISeptemEerl. AKO
Foundation had Supporte￿ the Priie with a significant donat￿In as part of a three-year partnÈrship. Their
stspport and gene¢osity enabled the Caine Pri2e to continue to ert)w, increase its impact arO succe$5Fullv
deliver another year Of the westigious Pr￿e forAfrKan Writer5. We are Very grateful fortheir support and the
enew they brought to the charity to help u$contin￿ ourwork
Page 2

Africa 95
Trustees Report
The Vfinner. Fl¥¢ Years Ne* Sund•y
Idza Luhumyo is a Kenyan writer. Ver work has been wblished by Popula, Jaladi Africa, The Writiwsrn.
Antholo8y, Baphash Literary & Arts Quartedy. MaThoko'$ 8crf)ks, Gordon Souare Review. Amsterdam's Z4M
Maga2ine. Short story Day Africa. the New Internath?nalist. The Da￿. and African ArBuments. Her work has
been shortlisted for the Short Story Day Afrita Prize. the Miles Modand Writing Stholarship. and the Gerald
Xraak Award. She is the inau8ural winner of the Margaret 8usby New Da￿￿te￿ of Afric4 Aw•rd120201 and
winner of the Short Story Day Africa Prize120211. Id￿ luhumyo was recognised and listed arnong New African
maga2ine's 100 m05t influential Afrrcans for her'incandexent 5torytellinl. Id2a's story Fise Years Next Sunday
was the winner of this yearfs cair￿ Prize. We are delighted for herandto share this story with thÈworld.
The shortltst
Thi5 yearf5 5hortlist was domiTrated by anthob8ie5 published by independent presses Cassava Republic p￿$$
lin the Commonwealth) and Akashic 8o¢ks IU&41: and say particular success from new partners Afritondo and
cata￿St Press. The five shortlisted 4￿lter$ for the 2022 AKO Caine Priie for African Writing included Joshua
Chiioma (Nigerial for'collertor of Memories.. Nana-Arna Danqutyh (Ghanal lor Nlhen a Man Loves a Woman..
Hannah Giorgis lEth￿￿al for'A Oouble-Edged Inheritance.. ltha LuhumyolKenyal for'Fi¥e Year5 Next Sunday,.
and 8I11ie McTern3n IGhanal for 7he Labadi Sunshine Barf.
All of'the 5hortlisted writer5 Participated in a series of publK read￿&5 across the UK and the ￿nrter wa5
announred at the award ceren*)ny it the V&A Museum in Souih kensiwon to coincide wr¢h the Museum's
Africa Fashion exhibition.
Yhe judking p•net
Nigerian author and award-winning jwmalitt Okey Nd1￿ (Chairl." FrenCh￿vINean author and literary schdar
Elisa Oiallo,. South Alrican ￿dcaSt host and literary critic Letlhogonolo Mokgoroane.. London-b05ed Nigerian
Visual artist knbko Okelarin.. Kenyan Book Bunk ctrfounder An8eL7 Wachuka.
The Awlrd Cwernor)y
The 2022 AKO Caine Prf2e Award Ceremony was held at the ￿￿OrIa and ￿tsert Mltseurn. London. on Monday
18 ju￿ coinciding with the museum's AfrKa Fashion exhibition. Chair of the judgine panel, Okey Ndibe.
announced Idza Luhurnyo as the winner of the 2022 AKO Caine Prize for Alrican Writbn& for her story, 'FNe
Years Next Sunday., co-puWi5hed in Diyuption.. New Short FItt￿n From Africa by Cataw Prtsslshort Story
DayAfri¢a.
A video Pf4)file Of the shortli5ted writer5. accompanied by illustrations of their respettive stories wa5 screened
at the event. The film was sThlu¢ed and direrted by U8andan-Briti5h tilmmaker Leah Magoye. with animaiions
by Ueandan-8ritish illustrator Gisela Mulindwa. In addition to a drink5 reception. guests were invited to a
private viewing of the museum's Alrica Fashion e¥hibrtion. ￿"nner was seryed sfv)rtly afterwards. with
speeches by Ellah Wakatama OBE. Cthairof the AKO Caine Prize- Sarah-020 IratK¥r. Directcrf ol the Pnze.. and Dr
Trlstram Hunt. Direttorof the V&A.
Page 3

Africa 95
Trnstees Report
1022 Workshop. and Ewjtstons:
In response to the diyuptNe effeas of COVItWndemic. ￿)lancIng eknbal iravel restrictions and the Priie's
ommitment to the development of writers of the Afri¢¥ continent. we piloted a regional wrrting workshop in
Qpe Coast, Ghana for writers from the ECOWAS re8K)n. With a generous donation from Qrnegie Foundation
and The Oppenheirner Mernorial Tru51. the 2022 workshop. took place in partnership w(th Writers Project of
Ghana. cTrfounded by Mamle Xabu. a 2(#)9 Caine PTize-shortli5ted writer and Martin E&ble￿&be who
part￿Ipated in the 2014 Caine Prize workshop and wth¢se story gave the 2014 Anthology its tide.. The Gonjon
Pin. We a￿ grateful for the 1ftvalua￿t svpport from all three Organisat￿n5 for th*r Continued supwrt. We a
150 Rrateful to Jowhor Ile. a wrnner of the EtisaLI¢ Prize foi Literarure. who Se￿ed as the writing tutor, Elmina
Bay Resorr and Befi Kweku Idum and his ￿rnarkable staff at the resort. who hosted the Worksh￿ with grate
and kindness.
We a￿ grateful to ¢oTrsuttition with Professor Chike F￿Trk* EdozRn. acthK. joumalisi wrrter and Director
of New YO￿ Univetsity. Accra. whom we *￿rked ¥rith ITr consultation arbd tsn whose recommendation we
eng38ed the services of local ven¢Jor5 wlw) ￿re instrumental in the 5￿cesS of the prciett. We are al
gratefvl for the twsprtality 5htswn by Prof. OrOku-knma￿ profe550T of Liierattsre at Cape Coast
Un￿er$rtY who hosted a dinnerforthe p4rtitipating ¥rritev5.
The workshop provided fellowship and the sense of renewal folkMn8 the di5rvptive impact of The pandemic.
The experience was ennched by the mix of ¥Dung emerging writers with an dder multl-award-wittnirtg writer,
all bringing thelr differeny As a regionalty-focused workshop, all participarbts ￿tre. fi.om across
West Alri£a.' Victor fcvna.l&"erra Leonel. Elizabeth Johnson IGhaAal. Akua SeNaa Amankwah (Ghanal, knfi
8p.rko IGhanal. 'AbJdrey Obuobisa-Darko (Ghanal. Jeffrey Atuobi Anwuli Ojo8wu 9 (Ghan?)., Onenliye
Nwachukwv (Nigerial. Akachi &irnora Eievabo INi8erial and $aNys•d￿ Singhateh mie thrnbial.
Anwuli Ojogwu iiavieated the role of daiNf edftor of the *x)rkshop ènd tutored partKipaDts wth Jowhor I￿.
Oi08wu described her days os 'characterised by many hours of Conversations with writers to find the heart of
their stories,. Siories were discussed. ideas crafted. #ories read to each other and imwoved through critique
by fellow writers and the tutors. At the end of ihe ¥nrkshop, the stories that emeT6ed we eV￿atNe, vi¥￿￿.
and vibrant. written in rnulti-genre5 fr￿ Irterary fiction to speculatNe. mystery and lon￿nce. We hope
readers ol the alltholo￿ will encounter therre5 abo￿ Sacrifice, love, freedom. seW4isco¥ery. loss. all
expressed in lan6uaEe that is wsual and lyrical. bordering on the experimentsl.
It has become a trai*tiom to ifftclLM* cornmunity en8a8en*nt. with a fLKus on education. as part of the annual
)rkshop. This year. the writers We￿ dI￿ded into youps. the first wsitin8 Sl. Au#ustine College. established in
1930. and ihe second group Vi￿ling Ghana National Secondary School. ests1Iished in 1948. both in Elmina.
where they en8oged the younR #wjents on wrsl>nB ond S￿rytelli￿B. In additK)n, the Caine Prize part￿red
with The Writerfs Projert of Ghan¥ for a publi£ É%ent at the Goethe Institute where the writers read and
discussed excerpts from their stories. The final night af workshop attmties ￿rne to an end wifh a tribute to
the celebrated authorand playwright. Ama Ataa Aidots.
In addit￿ to (￿cePtu?115In￿ and completin8 3 short sw to a pu￿lShable stsndard, the writers participated
In a serles of TV intervie￿. ￿sited historKal sites. attended and particl￿ted in public readings at the Goethe
Institute, Accra and at an event c(NnmemoratinÈ the legaryof Ghanaian scholar, Arna Ats Aidoo. In addition to
the public events, the writers ￿tre invited to dinner Prof. Kwa￿ op0k￿A￿emaO& professor of
Literature at Cape Coast Univefstty, Ghana. Whe￿ they enga8ed in c¢)n¥ersatiort5 ort the tyobal legac￿$ of
African kntera1u￿.
Pège 4

Africa 95
Trustees Report
2022 Anthology Partnershlp ¥Ath cass￿ Rtyibllt Press:
The Catne Prize anthob8y was published for the first tln* Since 2018. aftec 3-yeèr break. our lofig-standing
partnership with New Intemath?nalist Publishers had ended. the Prize announced a new publishing partnership
th Cassava Republic Press. Fwnded in 2rJ)6 in Abuja, Nigeria and headed by the femtnist critic and academic
Dr 8iÈ4 8akare-Yusef. Cassava Republic is an Alr￿3￿ wjblishing house with gbbal reath and infiuence. This new
partnership signaled an historic move im line wr(h the Prize's ambtti¢)n to strengthen t￿$ Wth Organiiat￿nS
ntl literary endeavors ￿Se0 the African contiheht.
The 2022 Anthology tornprised of 2021 shortlisted storie5. Stories frorn the Prize's d¥r(al'Online Vimbai.
workshop, stories from 2022 wor*shop in Ghana as well as the 2022 shortlistej stories, prowJin8 an
opportunity to bring Caine Priie stofies tO8ether in one omnibus. We are proud th4t the irnpact of this
collectoon wasacknowled8ed by being I￿ted amon8 Britde Paperfs Notable AffKan tr*>)ks of 2022.
Mwfia Mveragé
Sorial Medla Events:
We continued our (￿rn￿mertI to increa&ng the Oobal engagement of the shortfisted wrrf(ers and discussiot)
of thelr 5torie5 in partnership with dtgital platlorm5 ineluding Medrd Diversrf*d and Blath 8?Ilad. and Royal
African society.
Fashioning African bteratures at the V&A was a digltalwrea￿￿d Iwe event available on YouTube. Moderated
by Naon{i Orléan5-Amissah who lead shortlisted writers in an e%ploration of the parallels. departures and
varie.ty in story-shaping thai Corne from this exp3nsNe continenL The discussions set the shortlisied stories
38ainst the specific len5 of African fa5h*Jn over the last 70 years. challenging and celebraring the extensive
range. craft and Trriyon of Afrira and her many CreatTr￿. The evenl t5 availa￿e to watch on V&A's YouTube
channel.
Prtss & Publi¢ity-
The Prize w35 Sad to end our ￿WardIng lonK-term relatK)nship with our Pre55 and PR partner Raitt C*r &
Asscciate5, folbwng their principal'5 reti￿rnent 4nd intemol restrurturin8. We wll be forever grateful to the
entire Raitt Orr team and to Patrickorr e5pecial￿ for hisgenerosity. guidance and steadfast support.
So¢ral Media Followin
In¢￿ased and regular engagement on s￿131 med6a to be a &￿al succes& with ihe Priie's T4wtter
account gaining more foll￿Ver5, speoficalty around the 2021 awards seas¢￿. wth an increase from 14.3X ta
15.IK since September 2020 and a clear jump bringing 311 r￿W followers to the page siftce June 2021. In Juty.
the winner announcement ￿ached 645 people on Facebook and the Priie's Insta8ram content reached 3,067
accounts. Following the announcemeftt. the Prize's T1￿tter account was ￿5[ted 21.7K times in Juty 2021 al0￿.
with tyveets reathing a total excess of 281.IXN) users.
Page S

Africa 95
Trustees Report
Podcasts and new p4rtn¢ryhips
Soma Nami Podcast . Kenrd based bty)k5hop, pothast. and book club co4oynded l* award wnning dw>.
Muthoni Mururb and Wendy NIOr￿e. Linksto pJdca5t eP￿0deS below..
What is yourstory of Identity and Becoming? With Joshua Chiioma..
Our ￿•￿torIeS Dont Have to Win¢ Us. with Hannah Gv8i5
Go(ngThrough Lrfe a$ an Otserver wth ltha LuhUf￿￿.'
A Noir, bui also a Love Story ￿th Nana-Ama Panquah..
In a City Like Accra All HU￿le na. Hust￿. 8illie M¢Tem•A=
The sh￿ st(xy Pothast- Small P￿a5￿
Flnandal Te
Polxyon reserves
The Trustees have detennined that. in line wth be￿ prattKe, reser¥es are maintained at a level which will
Ènsiire that a minimum ol three months operètillÈ costs can be n)et. As indicated by the balance sheet, the
Chdrfjty held reserves of unrestricted £160.591 at 30 septe￿Iber 2022. the trustees consider to be rno
than adequate when compared to the Companrfs F4anned fcTha"rd exk*ndrture.
PrfJiclpolAuno7ng sources
The principal s¢Jpwrterof the 2021ll2 Prize wasthe AKO FtyJndation.
Twsteesand office
The trustees and offKers Se￿n8 duringthe year and SI￿etheYeareftd as fo￿0￿5..
rrurtees..
Alrcia Adarn5
Olubukola Akinyemi lapwjinted 27 March 20231
Mbia Kalinda lappointed 5Jvne 20231
Akstair Niven LVO. 08E
Nii Awkwei Parkes
Geetha Tharrnaratnam
Simiso veleM￿ni lapp)inted 5June 20231
Ellah Wakatsma ￿￿(eY OBE, (Chairl
Frank Laurence Cockroft Ires*ned l A4ust 20221
John Niepold Iresigned 21 October 20221
FiimmÈtta R¢xco Iresgned 2 Nobymber 20221
Page 6

Africa 95
T￿Stee5 Report
Strutlure, eovernaneeand mana8ement
Ploture oJgo*rning dorumeftt
The governing dc*umeNs ofihe cornp3nyare 115 MÈmc*aNSum and Articles ofAssock*tion.
Re(ruitmtrtand#ppointrne¥rt•ftnatees
Trustees. who are olso all directors of tornpany. a￿ app)inted for an initTal three year term and retire bv
rotstion in accordonce ￿th the Articles of Assc<vdiion. Appliotion5 lor uusteeship are sought by invitation. ln
coming to a de£sK)n on app)intment the exi5tin8 ljoard considers eliwbility. personal competenee and
relevant skills. Folltswine appoiTrtrr*ht the Chaitperson IThd￿ts new trustee5 and exp￿1￿5 the ¢ompany's
polic￿5 and pr¢xeéures.
OrgvnisoM¥nvlstllKture
In the course of the year, the dtrector en8aeed the servi(e5 01 a Pubfic Relations Off*er and an eXper￿nCed
event planner for the a￿ard se450n and the planning of the sew of events for the Prize's annual literary
*ek.
The tn)sttes ackn￿￿*1￿* their reswjnsibility for identifying tl* •reas of risk - in Part￿Ul3r the operational
3nd financial risks - to whith the (harity is exposed. an(F de¥isin8 SV5tem5 to mitigate the charivs risk
exposure.
The sole p￿seryt and foreseeable artryity of Africa .95 is The Caine Priie for Afri<an writ￿8. The rnoin risk to
the Caine Prize 15 thai its fundin8 rntEht be insuFticient io cover its cost> 8ut. sinie major expenditure is not
cornmitted in advance. this represents an operntin8 risk rather than a financial risk- artlvTty woul¢J ympty
cease ufijess and until funding •8ain beca￿ available. There is a150 an unquantih.able rlsk In term5 of the
Pri2e's reputation and integrity rf it were scffthow awar¢Jed to an un5uitsble person leg. someone not eligible,
or3 plagiaristl. Ensuring against ihat is a matterof NiBb￿￿te. OthÈnMisè. thÈ CainÈ Prize rws the financial
risks as any small Charity and has appropriate conirols in plare to safeguard oBain5t them.
Systems of internal contrcA afe in place and afe sutiect to reviewand improvemenL
. Cash tran5acti005 forrn a very bw Wo￿n10n ofexpenditure.
Payments Or theques for sums in exte55 of £l.(W require the approval or signature *)f two notified
518natorie5.
. No cheque rnay be siened by its benefKiary.
• Re8uIOT authorisation and reCO￿lI1a1￿ procedures I￿ in place.
. There are ￿Kular budgeting and managernent revsew5 (onduaed by the FIna￿e Committee, made up of
trustees ind rnembers of the Cline PTlZtAthis0ry Council.
Small companles provision ￿atern¢nt
This ￿port has been prepa￿d in acciydan¢e wrth the small companies regirne underthe Compart￿$ Act 21J)6.
Pa8e ?

Africa 95
ststement of Responsibilities
The trustees (who are also the direttors of Afrta 95 for the purpjses of company lawl a￿ reswnsible for
preparin8 the trustees, report and the finar(￿l staterrents tn accordance applicabk law Bnd United
Kin8dom Aecounting Standard5 Iunited Kingdorn General￿ Accepted AccL4JntiThg Pratticel. includin8 FRS 102
Yhe Financial ReFVrting Standard a￿Kable in the UK and Republ￿ of Ireland". The and a¢couThts have
been ￿pa￿d in accordance Iwth the provisions ITr the Companies Att 2(￿ re&ting to small Compan￿$.
Company law ￿qUireS the trustees to prepa￿ financial 5tsterrents for eaeh financial year. Under ctsmpany law
the trustee5 myst not approve the finaThrial 5tattrnents unlE55 they are 5atisfbed ihat they give a true ano fair
ew of the state of affairs of the ¢haritsble Com￿nY and of the incoming resources and application of
resources. including its ific0r￿ and eX￿ndituTe. of the charitsble cornpany forthat perv)J. In P￿paring these
financial statements, thetrustees a￿ wu1￿￿ to..
select suitsble a(C￿nting pjlicies and apptythem cofigstentfrr
obser¥e the methods and princip￿ inthe Charsfies Y)RP.'
make J￿dgemeNts and estimates that a￿ iea50na&e aTrd prudent..
state whether applica14e accounting standards, (￿nprisIn£ FRS 102 have been followed. subject to any
material dePartU￿S dixSosed and expkined in the financial staternents: and
prepare the financu?l staternents on the g￿nE concern ba5t5 un￿$ it is Inapproprfate to presu￿ that the
chaiitsble companywll conttnue in bu5ine55.
7he trustees are ￿sponSible for keeping yoper accountin8 records that t•n disc105e with reasonable accuracv
at any time the financol w$It￿Th o! ihe iharitab￿ company and ertable thern to ensure rhar the financlal
staiements Comp￿ with the Cornpanies Att 2CI16. They a￿ also responsible for 5afeguardinB the assets of the
charrtable cornpany and hence for taking reaSOna￿e steps forthe preventK&n and detertK)n ef fraud and orher
irregularitie5.
The trU￿eeS are resw)nsltsle for the maintenante and inteyity of the corporate and financial information
induded on the charitable companTrls ￿*bSite. le8i51aiion governing the weparation and dissemination of
financi31 Stateff￿nts rnay differfmm legslaiion ￿ otherlwisdirtions.
Aproved by the trustees. and aUthOr￿d for i55ue ￿ 20 Seprernber2023 and signed on their behalf by:
Ellah Wakatama Alffrey 08£
Chair of Trustees
Pap8

Afvica 95
Independent Examiner's Report to the trustees of Affi￿ 951'the Company,)
I rewrt io the charitytrustees Iwho are a150 Oireetors for the purF*xe of company lawl on rty examinat￿Tr ol
the accounts of the Africa 95 1.the charitable compan￿) for the year ended 30 5epteml*r 2022 which
Cofflprise the Statery*nt of Financial ktryil*s. the BalarKe Sheet and related fiote> 1123
Thi5 ￿Port Is rnade 501ety to the charirfs trnstee5. as a body. in accordan￿ ￿ sertion 145 Of the Charities
Art 2011_ My work has been undertaken so that I might slate to the thaiiW5 trustees those rnatte￿ l a
reqLMred to state to thern in this rewrt and for no other purpose. fo the fullest extent permitted ty law. I do
not accept or assume responsibility to anyone other than the charity and the thariws trustees as a boty. for
my work. for th￿ reFQrt, or for the oplTrions I have forff*d.
R•sponsibSlltles and basi5 olrtport
As the charl￿S tNstees of Afrio 95 are responsible lor the wtparntion of the xcounts in accordance
wlth the requirements ofthe Compan*s Att 2(￿ I'the 21￿ A<VI.
Hawng satislied myself that the accounts of Africa 95 are not required to be audited under Part IS of the 2{￿
Act and are eligible for independent examination. I report in re5pett of my eXaMinat￿n of your charl￿S
acctyJntS as Co￿led out under section 14S of the Charities kt 2011 1.the 2011 Arfl. In carrying oui my
examination I have followed the Oirectitsns gNen ty the Charity Comrrriss(on under sett#)n 14515llbl of the
2011 Att.
independent Èxamination dres not invdve gathering all ihe ewdence that would be required in an avdit
and consequently does not ¢fftr all the matters that an avditor constders in Riving their oplnion on the
rinancial statements. The planning and condutt of am audit goes twd the limited aSSLtrance that an
independent examination can prov￿￿. consequent￿ l ewess no opinion as to wheiher the linancial
statemenLS present a 'true and fairf wew and my re￿rt is h"mited to those 5pcific matters set out in the
independent examinerfs statement.
Independent examinerfs rtatemefit
I have cornpleted nw examination. I confirm that no matters ha¥e come to myattent#)n in connection wth the
examination gNin8 me cause to be1￿￿e..
l. accounting ieeordswere not kept in ￿pert of Africa 95 as required by section 386 of the I(￿6Art.. or
2. the accounts do not aCc￿d wfth those records.. or
3. the accounts do not cornply with the accountlng requirements of sertion 396 of the 21))S Act other than
any reqUi￿rnent that the accovnts è'true and fair ¥iew' is not a matter considered as part
an independent examination.. or
4. the ateounts have Thot prèpared in actordante with the methods and prI￿1P1eS of the Statement ol
Recommended PraCt￿e for actounting and Teporting by <haritie5 applicable io char￿¢1￿5 pTrparin8 their
acc¢vnis in accordance with the Financial Rewrtin8 Standard applicab￿ in the UK and Republic of
Ireland IFRS 1021.
I have no concems and have Cor￿ aiTQSS Other matters in ccxinection wlth the eXaM￿at￿)n to whieh
attention should be dcawn in this ￿￿￿1 irt cwdeF to ertable a proper understsnding of the 8cwunts to be
reached.
Page9

AfrKa 95
Independent Examlner's Report to the tn￿tee$ of Afrlca 95 {'the Cornpany'l
rm Sullivan FCA
Field Sullivan Lirnited
9 Hare & Blllet Roa
8lackheath
SE3 OR8
Pa8e 10

Afrita95
StatementdF1nawalAclr￿￿foVtheVe3r Ended 305epiember 2022
IlrtknlirylncomeaThl ExpeThfrt¥reAtcotsrtard SI*m￿OfT01aI ftecow5ed Galn5 laissos)
Tth
D￿￿tIOnS￿nd￿￿C
OtleTltadiwaGtr**xs
IThvE%fftThtiw
2.477
I50.545
Iso
17ÉI84
128
151.flJ5
150ffj73
Is1.￿1
25J24
177.505
IIDM)
30￿1
1175i1R)
154J351
Éowi
Tolil¢z￿fi￿￿WE
IS346211
(54.lJ51
18gJ)5
1110.40
PlrtmL4vefflerthlLY
IJ4M161
(S6.1ffj
82.522
TolillUrth￿tfON4rd
191.607
I12.(￿5
7&933
TotilfMd&carAÈd lorward
16
160.S91
7J42
167.933
19¢.607
61.SCOJ
24L16
Pyji

Afrlca 95
IRegistTation number: 2813337)
Balance Sheet a5 at 30 September 2022
2022
2021
Ayted assets
Ton8ible assets
12
Currentassets
Debtors
6.322
178.660
30,030
231,120
Cash at bank and in hand
184.982
261,150
Creditows: AMoufvtsfalli￿ duewilhin oneytaT
14
117.0491
13,3341
N*t currefrt •55rts
167.933
257,816
N•t ass•ts
167.933
258.116
olthe<h¥ity:
Resrrlrted In¢ome funds
Re5trirted fvnds
7.342
63.509
Unrestrrrted incoTh*fur
Ufirestritted funds
160.591
194,607
Totalthjnds
16
167.933
258.116
For the linaneial year endinB 30 Septernber 2022 the charity was eniiiled io eXempt￿1n from audrt under
section 477 of the Ctsmpanies 2006 relating to sm?11 companies.
Directors, responybilities..
The members have n¢t reqUI￿d the tharity to obtsin an audit of its accounts for the year in question in
accordan£e wiéh settion 476., and
The dirertors ac*nowledge the¥ responsibilit*s for £Cry￿nI with the requirernents of the kr with
spert ro accountin8 rec¢yds and the ￿eparat￿Tr of accounts.
These financial Statements have been p￿pared in accordante with the spec￿11 prtr4isions relating to
companies 5ubjert to the small companies wme within Part 15ofthe Crynpanles Att 2¢kn.
The financial 5taternents on pa8e5 11 to 23 were aPPfCNed ￿ the trustees. and aUthOr￿ed for Issue on 20
September 2023 and wed on their behaw
Éllah Wakatama Allfrey 08E
Chairof Trustees
The notes on p4e$ 13 to 23 form an inte8ral part ofthesefiftancial stste￿nts.
Page 12

Africa 95
Notes to the Financial Statements for the Year Ended 30 September 2022
I Charrty Status
The charlty 15 limited by 8uaraiitee, *ncorwrated ift En8￿nd Wale5, and consequentty th*s ntx hwe share
capital. Each of the trustees is liable to tontribute afi amount not ex(eedin8 £1 towards the assets of the
charity in the event of liquidatK)n.
The address of its registered office ts..
9 Hare & 8illet R08d
8lackheèth
SE3 OR8
Th¢ piincipal place ¢f bustne¥ is..
66 Gwt suffolk Street
londo
SEI OBL
These financial statements were authori5ed for Is￿ by the tntstees on 20September 2023.
Z Accountlng P)r￿e$
Summary of SI8￿Cant accounting policitsand kty •ttountbnRèStimates
The princi￿1 accounting policEs okiplied in the preparation of these tinancial statements are sèt cwt below.
These polic￿5 have been con*stently appliedto all thè years presented, unless othernvise stated.
Statemtnt of tamplianc
The financial Statements hfft been wepared in actordance wth Accountiry and RÈporbng by Charities=
Statement of Rectsmmendd Pfartite applicable tts charities Pfèparing their accounts in accordance wilh the
Financial Reporting Standard applicable in the UK and Republic of Irelansj IFRS 1021 leftective l January 20191-
IChariEie5 SORP IFRS 1021 Second edition Ortober 20191, the Finantiol Rep)rting Standard applicable in the
UK and Republtc of Ireland IFIIS 1021. Thryatso (C￿pty wllth the C￿)8n￿S kt 2rK6 oNd Charities Act 2011.
Ba&s ol preparailon
AfTica 95 n*ets the definition of a public benefit entity under FRS 102. Assets and lia￿litIes illltial
recognised at historical cost or transaction value unless otherwse stated in the relevant accountin8 policy
notes.
GolnK ron¢ern
The trustees consider that there are no material uncertainiies the charity's abilrty to roThtinue as a goin8
concern n￿a￿V $4nific¥rtt areas of untsrtainty that affect thecairyingvalue of assets held bythecharty.
Exemption frorn preparfnl • rash Ilowsiaiwnent
The charity opted to eady 4tk)pt Wletin I published on 2 Fetrwuary 2016 ènd have theiefore not induded
cash flow statement in these financial 5taten*nt
Pase 13

Afvica 95
Notes to the Financial Statements for the Year Ended 30 September 2022
Judgements and key swrusofe#im•ti¢n WKerta¥rtv
In the applicath?n of ihe charity 5 accounting p)IKies. Ihe direaos are required to make judgements, estirnate5
and assumptions about the amtrJnt of assets Itabilities that are Th)t readi￿ apparent fiorn other
sources. The ettimates and associated assumwKJns are based on hstorical eXperiEn￿ and other factors that
are considered to be relevant. Actual results differfrom these eyimates.
The estimates and underiyifig assumpuons are revieweil on ath ongoifig basis. Revisio#s to accouNtine
estimates are recognised in the periods in which the estimate is wsed Whe￿ feW￿0￿S afferts only that
period. or in the period of the revisth and furure periods where the ￿e￿$•D￿S affe¢ts both Current and future
periods
Inwrne and endowments
All S￿0Me Is recognised once the charity has entitlement to the incon*. tt is probable that the income will be
receNed and the amount ol thè income reteivable cah be TY*asuiÈd reliablv.
Donations ale recognised when the charity has been notrf*d in writing of both the amount and sett￿meTht
te. lfi the event that a dofiotion ￿ 5ubjert to condttiorts that require a level of perforrnance by the charity
before the charity is entitled to the lurTrds. the income is deferTed and not recognised until either those
conditions are fully mei, or the fuifilment of those conditions is wholty within the tontrol of the £harityand it is
probable thatthese rnnditionswill befuifilled in the rewiing period.
' GrMts re¢eknble
Grants a￿ reco8nSsed when thecharityhas afi entitlement to the funds and any eondition5 linked to the grants
have been met. Where performance conditic￿5 are attached to the grant and are yet to be met. the ineome 15
Te￿nISed as a liability and irKluded on the balance sheet as deter￿d income io released.
l•bwtmentlrt¢ome
Dividends are reC￿nised 0￿e the dividend has ￿e¢￿￿e￿ •hd rbotrfi¢ation h45 been received of the
dNidend due.
Expendtrturt
All eypenditure is re(0gTh￿e￿ once iheie ￿ a *al or constructive O￿lEatIOn to that eXpenlthtu￿. it is probable
settlement Is required and the arnount be measured reliabty. All costs are allocated to the applicable
expenditure heading that aggregate sinylar cost5 tothatcategory. Where tosts £anfiot ￿ direttly attributed to
particular headings they h3ve been allocated on a ba￿5 consisient ￿th ihe use of resources. vAth central staff
costs allocated on the bas￿ of tin* swit. and depreciation char8es allrxaterf on the portiort of theassevs use.
Othersupw)rt Costs are allcrated based on the spread of staff costs.
Rvisingfvnds
These a￿ cosrs incurred in attnctir*RNY)luntary incryw the manaÈerrtAt of investments and those lrKUr￿d In
trading attlwilbes that rèise fufid
Page 14

Africa 95
Notes to the Financial Statements for the Year Ended 30 Septernber 2022
ChorAtable47rt1¥ftres
Charitable eXpend￿lure comprises those cost5 incurred by the chartty in the del￿ery of its aCti¥ities and
services lor its beneficiaries. It indudes both costs that can be allc<ated ithrectly to such attwities •nd those
costs of an indirect nature necessary to 9JPF￿rt ihem.
Supporttosts
Supwrt Costs indude teniral funttions and ha￿ been al￿¥te￿ to artwiry t05t categorles on a basis
C011$15tent with the use of resources. for eXarnp￿. allrtating woptrty Costs by fltr)r areas. or capita, staff
tOSts by the time spent and otherc¢)Sts by their usage.
fjoVernan￿ ¢osts
These include the costs attributable to the charfty's compfiarKe with tonstilutional and statutory
requirements, including audit. 5trate£rc rnanagernent and trustees meetings and r•mbursed exk*n5es.
Tax•tion
The charity 15 consldered to Pa5$ the te#s set out In Paragraph I ￿hed￿e 6 of thÈ Finante Art 2010 and
therefore tt rneets the defInith￿ of a charitable cornpany for UK corwration tax purp)ses. Ae¢orthnEly. the
tharity is potentially exempt from taxation ITh respect of incoffe or capital gains receNed within cètegories
'eavered Èby Ch4JPter 3 Part 11 of Corp)ratiorb Tam Act 2010 or Sertion 256 of the Taxation of Chargeable
Gains Act 1992. to the exient that SLKh irKome LY8ain5 are3ppl￿d exclusivelyto tharitable purp¢)ses.
TaNaiblt fixed amets
Indiviéual fued 35sets ¢051in8 £5CQ.IxI or more are initially reC￿ded at cost. less any subsequent accurnulated
depreciation and subsequent accumukted impairment los
Oepretiation and amortisation
Oepociatron 1$ provided on tangible fixed assets so as io WTite off the wst or valuation. less any estimated
sidual value, over their experte(l useful economic life as follw..
A55et c13SS
Offte equipment
Depredation method and ratè
33.3%5trat8ht line basis
Ttade debtors
Trade debtors are amounts due from customers for merchand*5e sojd or services performed in the ordinary
ttjurse of bu51r￿$s.
Trade debtors are recognised lnr(ièl￿ at the transaction price. They a￿ subSeq￿n¢￿ measured at arnrtised
cost using the effective interest method, less wovision for impaim)ent. A prtiwsion for impairment of trade
debtors is established when there is objectwe ewdente ihat the charity will not be able to CO1￿(1 all amounts
due accordingto the ￿l￿n31 terms ot the receNables.
Cash and cash equi¥atents
Cash and cash eqviVa￿rtts comwse cash on hafid and eall deposrts. and other short-term hiehly liquid
investmenis that are readity convertible to a known anKJunt of tash and are subject to afi insiznrficant risk of
thange in value.
Page 15

Africa 95
Notes to the F•nancial Statements for the Year Ended 30 September 2022
Trade <redito
Trade creditors are obligations to pay for or seryKes that have acquired In the ordinary course of
5iness from suppliers. Acctyjnis payable are cL45srfied as current liabilities rf the charity does not have an
urKonditional nght, at the end of the reporting ￿riod. to defer sett￿rne￿t of the creditor for at least twelve
months after the reporting date. Il there is aft uncondTiional right to defer settlemem for at ￿•St ￿e1ve
months after the reporting date. they a￿ presented as nonKurrent Ikibilr(ies.
Trade creditors are recognised initialty at the transactw wice and Subsequent￿ measured at arKJrtisèd tost
U￿ng the effective inierest method.
Forelgn ¢xthan8e
TiansartK)ns in foreign currenc￿$ are recorded at the rate of exthanee at the date of the traTrsart￿.
Monetary 4ssets and liabilitie5 d2nominated in foreign curreA¢ies at the bolance Sheet date are reported ai ihe
ratesof ex¢hange prevailing at th4t date.
The results of ovèrseas operatlons are translated at the average Trtes of exchanEe during the period and their
balance sheets at the rates r￿Ing at the balance sheet date. Exchan8e dffterences arisin4 on translation of the
opening net assets and results of o¥erseas operations a￿ rerrf)rted in other comprehensive incorr* and
accumulaied In equity lattfibuted io non<ontrolling inteiests as appropriatel-
oirier exchange drfferences ale recognised in the Statement of Fin•nco1 Acbvities ln the period in whKh thev
arise >xcepi for-.
11 exchange differences on iransartions entered Intoto hedge certaift loreen currency risks (see atr*)vel-
21 exch3nie differences arising on gain5 or losses cn nLyHnonetsry Items t*thich are ieco8nised in other
CoMp￿he￿51¥e income.. and
31 in the case of the consclidated finafi¢ial ststements. exehange differerKes on vbjnetary Items receivabte
from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore
forming part of the net investment in the foreign 0￿￿t¥)￿l. which ère re(¢ydn￿ed in ￿her CoMp￿hen$￿e
incorne and rep)rted underequity-
Page 16

Afrlca 95
Notes to the Financial Statements lor the Year Ended 30 September 2022
3 Inrom•frorn donatio￿ aml lewie5
Totsl
Tot•1 .
General
Ilestritte
Donations and k¢acies-
AKO Foundation
150.Q
2.4n
150.IJVJ
2.477
150.000
Appeals and don•tions
Grft aid reclaimed
Grants. incltsding c3pitsI grants:
Oppenheir*r Mernorkil Trust
Carne8fje Corporation of New
York
15LX)I
25,924
11.9321
11,9321
152.477
11,9321
150,545
176.884
4 In¢ornefrom other tradI￿￿tI￿￿e5
Totsl
Totsl
2011
Events irKorne.'
Other events income
S IrNestment Income
Unrertri¢i•d
funds
Totsl
T4)tal
2021
Intere# receivab￿ ar￿ &mil•f income-
Interest ￿tel¥ab￿ om bank deFoyts
128
128
21
Page 17

Africa 95
Notes to the Financial Ststernents for the Year Ended 30 September 2022
6 Exp4nthture on rai5iw¥ fvnd5
al Costs of8ewatln8 d•utSons and le8ades
To¢al
1022
Totsl
2021
Publicity and artwork
ioAy>
8.191
El￿diture 4)n th¥itabf• artivilie5
Totsl
2022
Totsl
2021
Pri2ewlnner awards
12.¢J
12.CKIO
24.921
Event expenses
Antholyte5
Casual wages
Workshop expen5e5
Foreign currency Igainsllkfjses
Staff costs
7.990
2.756
39.783
110,2721
42,923
3S.221
12561
20,349
4S.202
io
Jpport costs
230,047
102,216
In addition to the expend¢iure anaw ab￿, there afe also supp)rt costs of E35.22112021 - E45.2021 whlch
relate directly to charitable activitles. See note 8 for further detsil
.Pa8e 18

Africa 95
Notes to the Financial Statements fiyr the Year Ended 30 September 2022
8 An•lysls of SUpport￿sts
Support ¢osts
Totsl
20
Total
2021
RecruftmeTht
SS2
Computer software
Rent
6,228
7.520
8f￿]
8.778
2.897
990
Telephone and fax
Office expenses
5undries
S17
1.220
80
92
Trwel and subsistence
182
9S
Independent exarninètic
Bookkeepifig
Le￿1 and professional
Bank charges
Deprecu?tion of OfPl￿ equiprrent
2.028
1,555
16.077
11381
1.812
2.070
26.086
322
35,221
45,202
9 Trustees remurnrntion and expenses
No trustees. nor any persons connetted wfth them. have re(er￿d any remuneration from the charity during
the year.
No trustee5 have receNed any reirnbursed expenses oraAyother benefrts freffl the chariry durin8the year.
Pate 19

Africa 95
Notes to the Financial Statements for the Year Ended 30 September 2022
10 Staff c¢>sts
The aggregate payrdl costs were a5 folkw5:
staff costs dUri￿the year we￿.
Wages and Salaries
PenS￿n costs
41.235
20.003
346
OtheTsraff costs
8¢JJ
42.923
20.349
The monthw average number of persons (including seni¢¥ management I leadership team) employed by the
charity dudng the year expressed as full time equNalents was as fdkws..
2021
Charitable actmties
212021- 11 of the abtye employees participated in the Defined Contribution PenS￿n Schemes.
No ernpl0￿¢ receNed ertsyuments ofmore than £60.(￿ during the year.
11 TaxatiL
The charfty is a ￿gIstered ¢harttyand is the￿￿ eXeM0fr￿Tr taxat￿.
Page 20

Africa 95
Notes to the FIna￿la1 Statements for the Year Ended 30 September 2022
12 TO￿1b1•f￿td assets
Furnlture •nd
equlprwit
Totsl
At l October 2021
2.590
2.590
At 30 September 2022
2,590
2,590
Depre<latlon
At l Ortober 2011
Charge for the year
2.290
300
2,290
300
At 30 Septernber 2022
2,590
2.590
Net book value
At 305epternt*r 2022
At 30September 2021
300
13 Oethors
2021
Prepayments
Accrued inc￿¢
Otherdebtcrfs
1,995
1.026
27.856
1,148
4.027
&322
30.030
tredotors: anmwnts falllngduewhhln one￿ar
20
2021
Trade creéito
Other1￿110Th and social 5erurity
Othercreditors
Accruals
13,119
1,807
204
1.919
251
583
122
2.378
17.049
3.334
15 Pension and others¢htmes
The charrty operntes a defined cOntribU￿N pension xhefft¢. The pen5KJn cost charge for the year represents
contributoons payable by the char￿1Vt0 the stheme and arrK)unted to £88812021 - £3461.
Page 21

Africa 95
Notes to the Financial Statements for the Year Ended 30 September 2022
16 Funds
Cunefit period
BaLince at30
Septernber
2022
Balabxe at i
October 2021
Incoml
Rtsources
expended
Unrestrirt
Generul
Genernl Funds
194.607
152.60S
1186.6211
160,591
Restrirted
Oppenheimer Memorial Trust
Carnegie Corporation
14,452
49.057
114.4521
139.7831
11.9321
7.342
63.509
11.9321
154.2351
7.342
Totsl lund$
258,116
150.673
1240.8561
167.933
pre￿￿$ period
Balance at 30
September
2021
Balan￿at I
O(lober 2020
tncornl
resources
Rewrces
oxpende
Unrettrt¢teii
GeneMI
General Funds
112.085
ISi.581
169.0591
194.607
R•strirted
Oppenheirner Mernorkql Tr￿t
Carnegie cOrp)rat￿n
Sigrid R3usin8 Tr
25.449
49,057
4.427
25.924
136.9211
14.452
49.057
14,4271
78.933
25.924
141,3481
Total fvnds
191.018
177.SOS
1110,4071
258.116
￿¢￿t wrposesfor which the fvnd5 areto be applied are asfdlows..
Opp¢nheimer Memorial Trust. fundsto supFrf the Caine Prize, the annUalM￿rkShops and related att￿11￿5.
Cameg* Corporation - fvnds for the Qine Prize and w(*kshops that support African writers over SeptÈmber
2019 to Augu￿ 2023 ￿rK)d.
&8rid Rausin8 Trust- funds to suppm deital acrivity of the eharity.
Pa8e 22

Afrita 95
Notes to the FinarKial Ststements for the Year Ended 30 September 2022
17 Analysis of n•t assrts betw+￿ fvnds
rrent period
Unrestri¢ted
funds
GeneTrl
Totsl funds èt
30 Semember
2022
Restricted
lund5
Current assets
177,640
117,0491
7.342
184,982
17.049
Current liabilities
Totsl net assets
1&).591
7.342
167.933
Prwous period
Totslfvnds at
30 Sept¢rnber
2021
funds
General
funds
Tan8ible fixed assets
Current a55ets
300
197.641
13.3341
63.5LP3
261,150
13.3341
Curyent liabilities
Total r*t assets
I94.￿7
63.509
258,116
Page 23