Charity Registration No, 1061622
Company registration No. 03341342 (England and Wales)
THE BRITISH INSTITUTE IN EASTERN AFRICA
REPORT OF THE GOVERNING COUNCIL AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025

I'Hf. BRITISH INSTITUTE IN EASTERN AFRtC'A
{A Company Limited by Cuai'antee not having a Sh%re Cai)ital)
CONTENTS
PAGE
Refei'eiice ￿ld Adtiiinistralive Infoi'mation
Repoit of11)e Govei'iiing Cniincil
Independent exaiiiiner's Repoit
Consolidated Stateiiient of fiiiancial Activilies
Consolidated Balaiice Sheet
10
Cliai'ilable Coinpany Balance slieet
11
Coiisolidated Slatement ot Cash F*lows
12
Notes 10 the Accounts
13-27

-HTr. IIRITJSFI JIYS I'II"IITF. IN E4S'I-EIINI' AnlVCA
(,1 c.-omibi￿)' Lititiled b}. Cyllarniiltt nol liAI'inR a Shxjy L4pii#ll
IIEPORT OFTHK GOIIF.ftYI IN(: COUNCIL
I,-OR THE I"L4R gNI)F.T) 31411.4RCFI 21)•5
Cuii)paJiy Re%istei'￿il INiiniber:
0334134?
l.'lJai'lty Regbiti'td Niiinbei.:
lo616￿ (Re8iSttted in England and IV&les)
10 CaTI￿) Hous¥ Terract IAMidon S￿j IY JAII
Lthidon
E145HP
lii(Icp¢nJeiil ¢xkinlHei'
KLSA LLP
11 Coldbalh Squar
London
EC1R 5HL
P*leiiibei's uf tlie CvO%'ei'nln¥ Cullii¢llll>ii'etlo
Professor lusiii) Willi% IPresJdenii
li'l. Hort M8rk Jnnathon Mort)￿k Simmonds (Vi¢e Prcsideni foi Ex¢emal RelMion8 and Developmiiiii
l)r Sharaih SrinivasN51 IVi¢¥ Pre8Mletii foT ￿5$eArchI
Mr Viiiud M8iidai'ih Illoii-I'¥e4surer aiid Cthn)wiiy Secf¢thryl
l>rolessor Iiiiiiid Hiinier IHoii.8eir¢thrJ'l
P¥ote%s01 ti41bi'iellc. l.J'ncli
Protessor Amliiie¢)a fv1ai)ii
Pi'()feisor Ivaie AdelMIi%vi
Dr Cei'l Aslil¢y
Di, Cediic finriies
Mi. Sgiijetv (ilLP
Rcsigned 26 Marcli 2Q25
Resi8ned 17 Sepleniber 2025
Aptx)inlLd 06 Noveiiiebr 2024
Dlr•ctor
Dr Rthl IbiY¢k
Wob81te
Mv.blea.ac.uk
Page 3

I'HE BRITISH I,NSTITLTC IIN EIISTERN AbRICA
{A Conii)Aiiy Liniited by Guai'antee iiot Iifii'iiig a SlIAI'e Caiiital)
REPORT OF THE GOVERNING COUNCIL
FOR THE YEAR ENDED 31 fvltlRCH 2025
Tlie In¢iiil)e15 1i1.ihe Gnvlrning Council ol Ilic Ilrili511 11151ilut¢ iji E&%iern Alrica {tlie BIEA), ii'ho aic altsu dii'¢Lthri foj. th¢
pliri)()￿e% {)I'ilie Conipai)ies Act: prcseiit tlicir rcpoiT lYltI) tl)c accounls c7f ihe chfj¢ t'il)p loi tli¥ itr¢ai' cnded 31 MarLlI 2025. TI)c
IICLC)Ullts have l)eeii indei)endLtitl%' uxainincd iii a¢¢oi'danc¢ ii'itl? t1￿ (-'IIMritie.% Aci. Tliis ILPL)rt is a l)iieLloi'ts rei)iJrl as liiiiiii'¥d
l)y Ili¢ C.i)Inpanie% Acl ?006.
ThL BIEA is cstdbljsl￿<1 fi)J' Ili¢ i)ubliL beii¢l Il and its a¢livili¢s sp¢cifricall)p rc51riclcd ic) undenak-ing, pioilioling oiid ei)Lciiii-thgiiig
I'ls. l)IitManities aiid sucial SLiei?ees ieseai'cli in (thd oli Alnca.
Sti'ucture. Govei'iiAiico, njid Mni)auei)ieiit
Tli¢ BIEA is a ¢onipaiiy liniited b) ¥Lthranlee aiid not liaviiig a sharL' capital. iiicorporated in England and Walvs Iindei.
Rcgisti'aiioii No 03341342. '1'he IIIP.A is albL) a eharil) regiSte￿d ii) Englai)d aiid Wales: Registralion No 1061622.
The ¢liariiy OP¥ratcs in con)pliaii¢e iviil) ils Arli¢les i)fA%soLialion. Ivhich iVLrL lasi w1￿17ded lin 14 DecLiiibLI' 2022, arid tlie
cnurteil lakes ffleastsrL'S 10 ci)sufL piiiper o%'¢vsi811i and risk Inunagemenl piDwdu￿s arc ITI plaL'e.
'ri)c B1￿,A,S r¢s¢arch eeiilre. iiiil) IL% librnry ￿)d arcliive, is localed iii NaiiDI)i. wid niai)Aged al￿ slatled ilieit b)1 BIEA IC¢nya
Ivliich is Loiisliluled as a Keiiyaii Noii-(iOltriinJeiiiAI Orgniil￿liO1I INtiO).
Men)bei'$ of CDui)cil tlieir interests
ThL n)ert)EK"I's of the tiovcri)iiiuy CuuiiLil are li.sted beloiv.
PIDfcis01' Jiis1iii IVilli.s (Presidenl)
R'I. FIoi1 fvlark Ji)nAilion Moi'tlock Sii))nioiids IViLe Ilre%ident fi)r E¥leriial RLlalioiis and I)eve[()pn￿iILj
Di. Sliiiath Sriniva%aii {Vice Pi'esid¢iil for Il¢se*'Lh)
Mr Vii)od Man(lllvici {Hoii'l'rcasLirer uii(I Comi)aiiy Secretary)
ProfcsbOI' F,iiinia I lunlei. (141)n 8ecreiar)'I
Piofessoi. Giil)rielle Lynch (Vil¢ Pr¢%idcnl for R¢Seli￿h)
Pi'afessor An)bieina Manji
Pi'ofcssoi. Walc Ad¢banivi
DI. CLri Ashley
Di. C¢drii Ilarlle
Mr Suiijeev CTiiiila
'I'he meimbers ol'coiiiicil do not havL llny inteTcsls ivhi¢h wuiwd kn bc disc1￿￿e￿ under the Conipanies Act 2006. No
oiiiinerL'illl iiiAlerinl Lontrncls subsislcd diii'ing ilie period in iihicl) any nicn)IKr of Ciiuniil ￿￿1 ali intercst.
Under Ili¢ lei'n)s of Ili¢ Article.8 of Associnlion, Ilic L'.ouncil shull ¢onilil of Honordry OffiL*fs (Ilie PresidciiL 8J)d oih¢rb Ii'lio niay
be apixTriiited ds Cuuncil delenninei) ai)d Iiih¥r trust¥¥5 UP to In8xiinum ot'iivL'IY¥ tKisoiis el¢ct¢d l)){ Ihe BIEA""s IllLiiIIKr5. All
hold tjie l'ol¢ of -"l)ilfLt￿ under Coinpanies Hoiisc aiid Lllarity Coinini>sian detlDilioiis but ar¢ also rel¢iiYd lo as TiiistLLb and
'"The (Fovcming Council, iii tlie Ai'tiLl&% of Associalioii. Witli tlie cxcepli(Jn ofihe Prcsidcnl. all ti'iisieeg serve l()r a p¢riod of
three )'Lc11'S. and Ill&iy LK r¢elcLted oiiLe for fiirdier ihiie yca15. Tlie l)Irsidenl servLS for a Jxriod of liv¢ years: ai)d may not bL' I'e-
elec(ed at tl)c ci)d of tl)at iemi.
Meitibers ol'Coui)cil are selectLd as IK"iiig knoii,kdgeable in VA)me field of study. or liolding.8on)e expLi'li&', rLlcvaiit to the
BIE.A's ivork. 01) joiliillo tlie Council, i)eiv n)cnibcis rcecive an infoi'matioii pack ii'liicli iiicludes tlie BIEA'S Artick5 OF
Associatioll diid cirLulalcd iyith relevanl iftlonnatioii produced by the ch￿'1ileS coll￿niS5101] reoardii¥u Il)e responsibilitics ot
¢hai'ii)' Triist¥CS.
'I'l)e C17unLil his linul aiiihorilj, ovei. all deLiSions iii Ihe BIEA. IIK liiiancial asi)ec(s ol. ii'liich arL CYLrciscd througli tl)e approval
and Inoniloring ol tlic al￿￿￿] bLidoct. On o¢casioi), oivino to the c)rle ot Imcctiiios. aclion ouliidi tli¢ biidget Iiia), ii<ed lo be
takeii in ddvat)ce ot foiJiMI ai)proval. Wh¢re ciicumqlai)ces r¥qiliii" rapid action. tl)e o￿leL'r5 njay appix)Vi siicll &cliaii,' Uiis inust
bc rep(irted lo CoLlI)¢il at ihc tirst opportunity-
Page 4

THE BRI'fisH INISTITIITE IN EASTERN AfRIC.A
(A C.oiiipany Liiiiiled by Guai'antee iiot IiAvinu a ShAre Capital)
Itb:poiii' ofr 'rHF. GOITRNtYG COU J4 'CIL
FOR TItt IT.IR ENDED 31 fv1_4RC'H 202.$
The Dii'ecLoi' and Kenya Dii'cclor coniprisc IIIL kL>' nithiiiigLinciil leani ivho nignfjoe Ilie Institutc on bchalt'ot Ihc .1 I'iislees.
-I'lie Dii'ecti)r is a UK-l)ii%L'd IMid-C¢il'LLr aLudemiL dii'eLily eniplo)ied by the BIEA on ti 0.8 F"fE. The Ken)'a Dii'eclor 18 a
Kellyan aL&deinic reci￿1[ed 8 a direct emi)lo)ILe ol" BILA Kenjia. His rciiiui)ei'aliiin le¥'el ii?s sel Ilirougli oui. I'ClllLiV ol-llie
market remunei'ation I'atLs foi. cuinparablc dciidcniiL roles in Nllii'obi ai the time ot"l)is rcci'uiiiiiciit.
I'h¢ Dii'e¢lui'. iii ¢(Ill&iboi'alion ii.'iili eitl)er ihe Ti'ea8urei' ()r oiie ol-the Vicc Prcsidei)Is hab authui-il)r ￿ niake puitliases or
ei)Lei' inlo conli'auls oulside tl)e hudgel to a v11ue ftiol exceeding livu ihoiisand poiii)ds aiid lo ei))iiloy ienipoi'ai? ai)d ancil liiry,
slal'f. Lai-qer i)aynients ouisidc Ihc budget and pL.m7￿nen1 ¥inplo)'meni of staff iiiust receivc pi'ioi. uppruval li'oiii C(iuncil,
'riie Loiincil lias ii)Ii'<)ducL'd a foi'inal risk maDagemenl pr()L&S% L() &8.8es8 business i-isk5 ai)d iinplenienl I'isk Inanageinenl
sts'all'gics. -I'liis iniiolve.s identi ljping Llie i),1￿8 of risk Il)e BIEA faLes, prioi'itising tlieni iii leriiis of i)i)Leiilial lim1)1￿ cl aiid
likelihood ol OLCLlI'renee, and idenlilying means ul-niiligaling Ilic i-isk5. As pai't of (liis prDce.%% Ilie C'.ounLil rLI'icivs ilie
deqiiacy ot'ihe BIEA'S intci'i)al c()nlrols. 'I'lIL' pii'incipal risks ideiiti tied Ir()m thi.g i)rocLss, logcihcr ivitli Iheir planned
niili8titioiis al'e=
xcliaiige l'ate fluctugtions behveeii tlie IKciiyAu Sliillittg aiid tlie Poull<l Stej'llng
All erypcndilure is monitored (Trn a monthly basis. In the event of signitlLanl adveise e¥eliange rote maverrienls. Kei)yai)
budgclb Mrill bc Jdjusleil and variable ci)sls cul so that IhLy dll'e aLconiii)odaied iliiihin the iiet sterlii)g lundii)gy availuble l(1
Tei'i'oi'isiii tvenls, eviine niid otlier pliysicAI securily Ilii'eals lil Niirthbl
We IiavL ali'cady PLII in place a higl) level o1'8eLllI'lty measures including guurds, fei)eiiig 8t)d IniEeled 8tatl traii)ing. We
kecp ilie silualiuii uiidei. cniislaiil I'evieiv ai)d have ¥losc cuinn)uiii¢glions ii'iili both tl)e Kcnyaii auilioritics and the Bi-ilisli
14igh Ci)mmission c(Inceinins (In80iiig wli¢iLal d¢v¢lopm¢nls, aiid are read)J tl) thkc lui1hei' eniei8ertc)' measui'es as
I'equii'ed.
Tlie Cout)cil is pleased to rcport tliat tlic BIEA'b internal fin8llLial coiitrDls cojifomi ¥viih guidelin&s issued by th¢ Cliarily
Loi31111is5ion.
Aelilevements gild Pei'formaiiee
'I'he LoLinLil has identified four aims in the pursuit of its ¢hai'itsble objeLtives. Thesc (l) dii'eLt reseai'¢li and the
t<?cilitation of Itseaitli. (2) Ilie building of Ihe reseairh cominunity. (3) the developmeni arid facilitalioi) ol'i'cscatL'h
coll&bordtions' und {4) dissemination of tlie Irsults of r&search and public engagem￿7¢.
Throiighout tlie jic￿. 2024-2), Ihe BIF.A conlinue(I t() suppoit and cwry out innovalive ieseairh: to build I'CSLiirL'I) capacity
nd lo promote the (lissemination ot'researcli-based knoii,ledge to aeadeinic aiidience5 and u iYidci- public. Pai'ii¢ii141'
higlilighis ol. Ilie >'ear ivere sei-ie5 of iivrk51iops und conferences held in MarLh 202): Ivliicli altogeiliei. dir¥v in dozens of
participaiits troni aci'oss tlie region and demonstrated the rwige and dii'ersit}l Llt-the BIEA'S ivorL: oil laiv ai)d developn)eiil
ii) eastern Africa. on aitificial intelligcncc politics in FAst Africa- aiid oli the rolc of ui)ii.'eisilies in civil politics in
Su(lan and Soiiil) Sudan. -I'he 2024 UK ani)ual lecliire ivas delivet'ed by Professor Alex BeLls, fiDni the Refuuee Studies
C.enlre IRSC) at Oxtord UiiiversiLy, rtlleeling the close and succcssful pariiiersliip beiiveen the BIEA and RSC ivhich has
btDuolit the Retugee-L.ed Reseai'cl) Hub to the Naiii)bi boSL. I'I)c annual lecture in Kenya was dcliiiLrLxi by PiolesSOI'
Kivuiha Kibivanft on 'TaivariLs youth selt-dctciinination.. iiiclusion and socio-econoniiL•cultui'al cinpoNiiei'ment in l<en)Ta'.
ThioLigl)out tlie yL&r: Ilie BIFA I'aii 'gi'adLiate foi'um, events at the Naimbi base. pvoviding a space fi)I' earl)'wcarcei-
I'C8earclieis to excliange ideas and netivork.
Page 5

THE BRITISH IIYSTII'II'I"E JN EASTERN AFRICA
(A Coinp#ii)' Limited by Cuxi'Rntee not haviT)g a Sliare Capital)
RIPORI. OF THE GOVLIiNINC C.OUl44CIL
TrQR'I-IIE I'E.4R F.NDTr-D JI IIIARC.'112D25
Dui'iiig ihc )'car, Ilie BJF.A 2( Isa provided dieinalic gi-aiilb ￿ a lotsl ot-thiitS'_cighi, mosll}' early-cai'eei., It.%eaJL'hei's ILI
SLlI)poI'I iheii- 140I'k aiid l)ilpLd iivelve iycenl gi'aduates Itii'o Ii-(Mll the UK and lei) fnyi) easlLI'I) Atric¢il 10 gail) I'eNeui'eh
LXl)¥l'lLnLL Ihi-OLigh Ihe gi'iiduiite dtlacliiiiLlli pi'UCTI'aiiinie. The.suppoi't foi. C1£ rly-.Lareei' r&seai'chei's incliidid hi'u slioi't
lelloiv8hip% foi. UK-I)<15L¢I s¥li()lui's lo Ii'ai'el to East AlriLa Ici pie%ei)I their I'esewch ftndings tu Loniinunilies ii'iih ivlioin
Il)ey il'orktd. BILA iilsu Loiiliiiued i() tund hvo Kcnya posl-docloi'al felloivs ii'.lio liave Loinbined Ilieir ()ii'ii reseairli i¥iil)
rL)IL iii enablii)g ai)d .8uppoiiing tl)e re5earcli pi'oJainnies ot'collcthgues based in Ilie lJk and Euro￿.
Tlie Council is salisliLd willi tlie Lharit) s i)ei'foi'n)anLC in a¢hieving il.s goal.s aiid e.Y(ends lis gi'alilude ￿ all i)ai'li)ei'8:
lui)dLrs, and iioluiiteei's.
Fillaiicittl Revleiv
To(al iiicon)e foi. IIIC yilll. w&% £884,396: Iiijih e.xpcndilures aiiioiinling lo £X46,606. A dclkiiled bi'eakdoivn of tin$￿1¢1al
J¢lii'ili¥> Lan be li)und iii Il)e aiiaclicd aLLounl.%.Council keeps undcr ieviLiv Ihe lei'el ol'general i'LSLrirLS ivhiuli Ilie Institute
need5 1() conliiiu¢ 10 opei'ale iiiiihin il% envirMmLllI. AI 31 Mai'eh 2025 iolal rcsei'ves Jniolinled lo £XC)0,277 inLliiiJiiiu
£86,334 iY.sii'icled liinils. 'I'ol¢il Iliiids also incliide £743.092 II'hiLh is u desigi)aie(I fiind f()r IhLb giLiierul use of ilie cliai'ity.
'rhi'ou¥lioLiI Ilie yeai. undci. rcwrl, tli¢' ii)ajorily nf the BILA'S ￿￿rVeS were ittveqted in ilie broadly divei'silied Sai'asin aiid
Paitiiers Alplia C,omi)ion IIiiTeslment l-.und for LndoiiThenL8.
-J-Iic Cuun¢il l)as i'eviewed Ihc charil> b lunding po.sition and concludLd Ihal il remain8 financially suslaiiN)ble toi. Ihe
foi'eseeable futui'c. Jllviving il lo meet ILS coinniilinenis aiid continue plkmnLd llLtiviliei.
Plaiis for Ilie Futiii'e
Tlie BIF.A dims lo cuntinlie lorging neiv produLIiV¥ linkb: neiivork8 and pajlnei'ships. Th¢ BIEA'% location ttt onc ol'ilie
Loiiiinenl'q key I'egional liubs. ai)d ivitl) 118 11'idel)' I'Lcogiiixd and I'e.spec*d Iiisloi), al ihc l?¢arl of sch()ltsrsliip 011 Afi'ica,
make it is uniquely pl<i¢ed to pi'iin)()li Ili¢ ¥Olllinued deiielupn)ciit ol. UK researcli ii) and 01) Alrica foi. lulLlI'e decades.
Page 6

THE BRITISH INSTITUTE IN EASTERN AFRICA
(A Conipally Liniitcd by Gll&i'2nlee not liavillg a Sliare C*pital)
REPORT OF THE GOVCRNINC COUNCIL
FOR THE I'EAR ENDED 31 I¥IARCH 2025
.8laleJiient of Governance Cuuncil's R¢sponsAbTrlities
Tl)e Council Imeels oli a i'egiilar basis to niaiiage Éhe affairs ot. Ilie cliai'ity.
-I"he iiieiiibeis ot"C.OLincil {Ivh(i ale al.80 dii'ecioi's ol" 11)e Brilisli Instilule in Easlei'ii Ati'ica foi. tlie i)ui'poses of coinpaiiy
law) al'e i-esponsible for pi'epai'ing IliL Atii)ual Report aiid tlie fiiiaiicial slatei))eiits iii accoi'dance witl) api)licable law
arid Lliiited Kii)tJdoiii Accoiinling Siaiidai-ds (Ui)ited Kiiigdoiii Geiieially Accepted Accounting Pi'aclice).
Cotiipany laiv requ?res the i)ien)b¢rs of Couiicil lo prepai'e financial 8iaieinenls foT eacli fiilaneial yeai. Ivhicli g7ive a
Ii-Lie and tail. view ol. the State ot"affd' il's of Ilie charitable compaiiy aiid of tlie incon)ing I'esources aiid applicatioii ot
resoui'ces, iiiclLidii)g the incoiiie ajid expenditui'e. of the c1111'ithble coinpany foi. tl)at pei'iod. Iii pi'epai'ingT these financial
statei)ieiits. Ilie tri￿teeS al'e i-equired to..
SLlect suitable accountinLy policies aiid (l)en applied tliein consistently;
Observe tlie Inetliods and principles in tlie Cl)arities SORP.
Make judgeiiients ai)d dCCOlllltiiig eslimales that are reasonable and pi'udeiit:
State wlieiliei. applicable UK Accounting Stai)dards liave been followed, subject to any iiiatei'ial
depai'luies disclosed aild explaiiied in Ilie financial statenienls. and
Prepared 11)e finftncial statenients on ilie ¥oin&7 concern basis unless it is inappi'opi'iate to i)resuine tliat
tlie charitable company will continue ii) operntion.
The nieinbei's of C.oiincil al'e responsible for keeping adequale accoiintii)g records ihat disclose witli I'easonable
aCCLiiacy at ai)y tinie the financial positioii of Ilie charitable coiiipaiiy aiid eiiable then) lo ensiii'e tl)al Ilie financial
stateinenls coniply with Ilie Coinpai)ies Act 2006. They al'e also respoiisible for safeguarding Ihe assets of tlie
cliarilable coiiipany and lience foi- taklng ￿?sOnable sleps for the prevention and deteclioii of fralid aiid olliei.
itTegularilies.
AdvaiitaLJe lias been laken ot'lhe exen)ptioiis available to siiiall conipanies in the prepai?tioii of tliis repoi't.
Viiiod Mandavia
l-lonoraiy Treasui'er
Jiistin Willis
Pi'esidei)t
Dated.. 19 November 2025
Page 7

INDEPENDENT F.XAMINER'S REPORT TO THE MEMBERS OF
THE BRITISH INSTITUTL IN EASTERN AFIUCA
(A Coinpaiiy Liinited by GuaR'aiitee not hxi'ing a Sliai-e CApital)
FOR THE YEAR ENDED 31 fvIARCH 2025
I repoit to the trustees oil my e.%aniinatioii of tlie fiIiaiicial staten)eiits of The Bi'itisli Iiistitute iii Easterl) Atrica (a
coiiipaiiy IiiTlited by gLlJI?ntee not having a sliare capital) for the ye￿- ended.I l Marcli 2025.
Responslbllitles and basls of report
As tl)e iruslees ot. the cliai'ity (and also ils directors loi. the piirpnses ot'compaiiy law) you are i-esi)oiisible loi. Ilie
pi'epai'atioii ot" tlic t-mai)cial slateiiieiits it) accoi'dance will) tl)e i'¢quiieiiients of Ilie Coi)Ipai)ies Act ?006 (Ilie 2006
ALt).
Having satistied Inysell. Iliat Ilie tinancial st81emenls ot.tlie charity are no¢ reqiiiird to be audited undei. Vai1 16 ot. tlie
2006 Aet ilnd are eligible for iiidependeJ)i e.Yai)iii)alion. I I'eport iii respect of niy ex811iii)a(ion of the cliarily's
tiiiancial slateinenls cai'ried out uiider section 145 of the Charities Act 2011 (the 201 l Aci). Jn cari'yiiig out iiiy
examination I have folloived all the applicable Dii'e¢tlQlls given by rhe Cliarity Con)mission linder sectioii 145{5)(b)
of Ilie 201 l Act.
Independent examlnerfs statement
I have coinpleted niy exan)inatioi). I coiifirm iliat no i)iaiters have coiiie to my attention iii connectioii with tlie
exaniination giviiig nie cause to believe Ilial iii any inalerial respect:
a¢couiitiiig I'ecoi'ds M'eie not kept li) I'espect of ille chai'ity as IEquired by sectioi) 386 of tlie 2006 Act. or
Ilie finaiicial slaieiiiciits do not aceoi'd iviili Ihose I'ecoi'ds. or
the fiiiai)cial sthteiiients do iiol comply witli ille accouiiliiig requittmeiits of sectioii 396 of the 2006 Act oiliei.
tliai) any I'equiiei)ient Iliat Ihe accoiints bFive a Ii'ue aiid fair vieiv wl)i¢h is i)ot a matier considered as pail of an
iiidependeiit eX￿]inatIO11. or
tl)e finaiicial statenieiits liave not been i)I'epai-ed in accordance will) the Ineil)ods and priTlCtples of the
Stateii)eiit of Recoinn)ended Pi'actiLe for ac¢ouiitiiig and repoi'tiiig by cliarities applicable co cliarities
pi'epariiig tlieir accoui)IS iii a¢¢ordance ivitli t]ie fiiiaiicial Reportiilg Slandai'd applicable in tlie UK aiid
Repiiblic of Ireland {FRS 102).
liave iio collcei'ns dnd liave Coine across no otl)er mattel's in connection iyith the examination to ivhicl) atieniioi)
sliould be draivii in tl)i.s repoi't in ol'der to enable a proper iinderstaiidiiig ot"Ilie fii)ancial slRteiiienls to be rta¢lied.
ILLSA L¢
Hai'sheel Dodhia
Iiidepeiideiit ExAIMiiiei'
KLSA LLP
K81amu House
11 Coldbalh Square
London
EC1R 5HL
Date¢J'.19 November 2025
Page 8

THE BRITISH INSTITUTE IN EASTFRN AFRICA
(A Conipany Liniiled by Guai'aiitee not baviiig a Sliare Capital)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Total
Funds
2025
Total
Funds
2024
Un i"estricted Designated Resti'icted
Funds
Funds
Fuiids
Intoine aiid endowineiit fuiids froiii:
Donalions and legacies..
Gi'ants
Siibsci'iptioiis
Chai'itable activitie.s:
Publications
GLiesi hoiise iiicome
.Seminai' rooii) hiiE
Olhei. trading activitie5:
Relit
59.096
2,668
C)78,015
737,110
2,668
689,478
5.981
34,916
34,916
38,161
8,216
6,355
50,)24
Investn)ent iiiconie:
Ii)tei'est oli bai)k
Iiivestinent iiicome
Otliei. iIicome'.
Miscellaneous
Gaiii on disposal
Total
3b
1,675
1 ,675
18,006
476
14.647
18.006
31.282
31,281
49,016
188,377
18,006
678,015
884,396
863,246
Expcnditure oil:
Rai%inL7 fui)ds
Cliaritable activities
41,000
133,698
31,128
638,195
72,1?8
774.478
43.434
720,746
2,585
Total
A 74,698
2,585
669,323
846,606
764,180
Uni'ealised g<liliS on iiivestments
10
,367
1,367
30,097
Net inconie/{exiyendilure)
13,679
16,788
8,691
39,157
129,163
Ti'ansfer betiveen fiiiids
Total n)ovement in funds
13,679
16,788
8.691
39,157
129,163
Total f15nds bi'oiigl)t forwai'd
17,172
726,304
77,643
821,119
691,956
Totkil funds carrred forward
30.851
74J,092
86,334
860,?77
821,119
Page 9

TIIF. BRII'ISH INSTITUTI IN EASTERN AFRICA
(A Con)pany Liiiiited by Guaranlee not hal'ing a Sh9J'e Cai)ital)
CONSOLIDATID BALANCE SHEET
AS AT 31 MARCII 2025
Notes
2025
2024
FIXID ASSETS
Tai)oible fixed ass¢ts
Invttslnieiits
i09,781
502.88?
812,663
J15.125
801,508
CURRENT ASSETS
Debtors
Cash at bank ii) liand
25.000
?18,145
24i,145
195,432)
251,178
310,721
(290,579)
Ci'ediloi's: aiiiouiit5 falling due witliiii one year
NCT CURRENT ASSETS
12
47,71?
?0,142
TOTAL ASSETS LESS CURRENT LIABILITIES
860,375
821.650
PROVISIOIYS FOR LIABILITIES
(98)
531
NET ASSETS
860,277
821.119
FUNDS
Uiii'esti'icted Geiieral Fund
u1￿,esti,lCted Designated Fund
Resti'icled funds
30.851
743,092
86,334
17,172
726,304
77,643
14
15
860,277
Undei. Companies A¢c 2006, s4.54, on a voluiitary basis, th¢ tr￿sleeS cali aineiid these tinancial stateineiils if
they Slibsequeiilly pi'ove to be defective.
These aecoiiiits liave beeii prepared in accoi'dance with Ilie proviqioiis applicable to siiiall coiiipanies subject to
the sinall coiiipanies regliiie and in accordance willi FRS102 SORP.
Appi'oved by the Goveriiing Council on 19 Noveinber ?025 and sigiied on its belialf by
Vinod Maiidavia
Hotiorai'y Ti-easuier
Justin Willis
President
CoinpAny vegisti'ation no. 03341342
Charity registi"ation no. 1061 622
Page 10

TIII BRITISII INSTITUTI IN EASTERN AFIIICA
(A Coiiipaiiy Liniited by Cuaranlce iiot haviiig a Sliai-e Capital)
CHARITABLE COMPANV BALANCE SHEET
AS AT 31 MARCFI 2025
Notes
2025
2024
FIXF.D ASSF.TS
Tai)gible fixed assels
Iiivestiiieiils
?80.346
502,882
783,228
?94,730
486,3 81
781,111
10
CUIIIILI NT ASSETS
Debiois
Casli at baiik in liand
2,425
118,716
121,141
44.522
172,865
189,?64
18.392)
Ci'editoi's.. amoiints falling Ilue ivithiii one year
NET CURRII NT ASSETS
12
165.662
170,872
TOTAL ASSETS LESS CURRENT LIABILITIES
948.890
951.982
PROVISIONS FOR LIABILITIES
13
NET ASSETS
948 890
951,982
FUNDS
Uni'esli'icted Genei?l Fiind
Uiii'esti'icted Desigiialed Fuiid
Restricted fLlI)ds
119,464
743,092
86.334
148,035
726,304
77,643
14
15
948,890
951982
Undci. Coinpanies Act 2006, s454, 011 a voluiitaiy basis, the Iriistees can aiiieiid tliese fuiancial slateinents if they
subsequently prove lo be defective.
These accounts have been prepared in ateordaiice witl) the provisions applicable to siiiall conipaiiie5 subject to die sniall
coiiipanies I'egyiine aiid in accordaiice ivitli FRS102 SORP.
Appi'oved by die Goveriiiiio Council on 19 Noveiiiber ?025 and signed on its bel)alt"by
Vinod Mandavia
14onoiz]y Ti-easurer
Justin Willis
Presideiit
Cottipaiiy registratÉon no. 03341342
Cliai'iÉy i'egisti'ation i)0. 1061622
Page11

THE BRITISH INSTITUTE IN EASTERN AFRICA
(A Con)pany Limiled by Guarantee iiot having a Sliare Cai)ital)
CONSOLIDATED STATEMENT OF CASH FLOWS
I'EAR INDED 31 MARCH 202.
2025
2024
Casli Iloivs fi.oin opei'q¢ ting ￿ctivitieS
Nel (expenditiii'e)l income foi. the yeai.
Adjiistnients foi.:
Depi'ecialioii oli eqLiipmeiit
Investinciit income
(Gains)Ilosses on iiivestiiients
{Iiici'ease)/i'eductioii li) debtoi's
Ii)ciease/(rediiclion) iii cieditoi's
liici'ease/(redLlCtion) in i)rovisioiis
Net casli fi'oiii/(Lised in) opei-ating activities
39,157
119,163
22,738
(19,681)
{1,367)
34,543
(95,147)
21,328
{L5,123)
(30,097)
3.900
53.962
(120,625
42,508
19,757)
Cash floivs from investing activities
Pui'cliase of invesliiieiits
Pui'cliase of tangible fixed asseis
Invesliiient iiicome
(17,396)
19.681
(8,123)
15,123
Net cash pi'ovidedl (used In) investing aetivities
2,285
7,000
Net Iiici'easel(decrease) in casli aiid casli equivaleiits
(17,472)
49,508
Cash and casli equivalents at Ihe beginning of Ille year
273,236
223,728
Casli and casli equivalents at end of Il)e year
255,764
273,236
Casli aiid casli equivalenls is inade lip of tlie folloiviiig:
Cash at bank and iii haiid
Casl) licld as pai't ot iiivestiiients
Total
218,145
251,178
218,145
251,180
At 01.04.25
Non Cash ¢11gnges
At 31.03.25
Analysis of chai?ge in net debt
Casli at banlc and in hand
251,180
(17,472)
(15,563)
218,145
Page 12

THE BRITISH INSTITUTE IN EASTERN AFRICA
{A Company Limited by Guaruiitce not having a Sbai'e Capital)
NOTES TO THE ACCOUJYTS
VEAR ENDED 31 MARCH 2025
Aceouiitillg polictes
Clilli'ity ii)forinalion
The Bi-itish Iiislitiite in Eastei'n Africa is a chai'ity I'euistered in the United Kingdoin and a i'egisieicd
UK company liiiiited by guaraiitce and iiot haviiig a share capital. Activities in Kenya al'e Lindei'lakeii
by tl)e i'eiristered Keiiyan iioii-govemmeiilal oi'ganizatioii, tl)e Brillsh liisliiule iii Eastern A I I'ica,
whose pi'iIicipal place ot. biisiness is Laikipia Rd. K ilelesliwa. and ivliose activiiy is lo iiiideitake.
promote aiid ei)coui'age academic i'eseai'ch iiilo the histoiy arid arcliaeology ot- Easlei'n Afi'ica iii all its
aspects aiid periods.
1.1 Basis of accouiiting
The Iiistiliite meels Ilie detiiiitioii of- a public beiiefil eiitity undei. FRS I O? Tlie fiiianeial slateniencs
liave beeii prcpaied undei. Ilie l)istoi'ical cost cotiveiition a.s iiiodified by Ilie I'evaliiation of cei'tain fixed
asset.4, ii) aecot'daiice ivitli tlie Statei)ient of Reconiineiided Pi'actice: Accouiici ng by pi'epai'iiig Ilieii.
aceounts li) accoi'daiice ivitli the Financial Cliai'ities Repotting Standai'd applicable ii) the Uiiited
l<iiigdom aiid tlie Republic ot. Ireland (FRS 102) aiid Ilie Compaiiies Act 2006.
Assels aiid liabilities at'e initially recogiiised at liisiorical cost oi. Iraiisactioii value uiiless oihei'wise
slated iii tlie I'elevaiil accounling policy note(s). Advaiilage lias beeii taken of tlie exeniptioii in
pai'agi'ai)h 1,12 of FRS102 not to prepare a paient conipaiiy Casl) flow statemeiit.
The pi'epai'ation ot. fiiianeial slaienienls in coinpl iaiice with SOR￿ ?015 l'equii'es the Lise ot ceitain
critical accouiiting estiinates. It also iequires iiiaiiagement to exei'cise j udgment in applying Ilie
accoiiiiting policies (see Tiote 2).
Tlie fiiiancial statenienis consolidate ihe iEsulis of the UK Charitable company aiid its siibsidiai'y
oi'oanisatioii Bl EA Kenya on a line by liiie basis.
Tlie followiiig priiicipal accoiiniing policies have been applied:
1.2 Going concern
At the time of approviiig ihe financial stateiiients. tlie Tiiistees have a reasoiiable expectation tlial the
Britisli IiistLtiile iii Easlei'n Africa lias adequate i'esoui'ces to conli iiiie in opei'ational existence for the
foi'eseeable fiiture. Thus the Ti'ustees continue to adopt tl)e goiiig concerii basis of accounti lig iii
preparing tlie fiiiancial statenients.
1.3 Cliai'itable fuiids
Uiii'esti'icted funds al-e available foi. use at Ihe discittion of ihe Ti'iistees in fiiilhei'aR)ce of tlieii.
chEU'itable objectives.
Resti'Écted fiinds aft'e SLibject to specific conditions by grants as to hoiv they iiiay be used. The
pui'poses and uses of tlie i'esti'icted funds are set out in the notes to the finaiicial stateineiits.
1.4 Incominu resoui'ces
All incoiiie is i-ecogiiised once the Institute has entitlenient to the iiicome, it is probable that it will be
received and tlie ajiiount receivable can be nieasured i'eliably.
All incoine is gross without deduction for irlated expenditure.
Page 13

THE BRITISH IP*'SI'ITUTC IN IASTERN AFRICA
(A Conipaiiy iAiiiited by GuarAntee iiot having a Sliai'c Capital)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 1025
Ii)vestm¢iit inconie is recognised wlien receivable based oli nolification froin tlie investment managers.
Giants foi. general supi)ort. research, scholai'sliips or fixed assets are recognised on a I'eLeivable basis and are
detei'red only wliei) the donoi. has iinposed Pre-coiidilions oil the use ot ilie gi'aiit.
All legacies and doiiations al'e allocated beiween uiiresli'icied, resti-icied ai)d endoivnient fuiids, depeiidiiigJ oli
condilions iiiiposed by tlie donors.
.5 Resoui'ees Expended
Tr.xpeiiditiire is recognised on ai) accruals basis as liabilities are iiicun'ed. Expenditui'e includes aiiy VAT wl)icli
¢<TrllllOt b¢ fully I'ecovei'ed. and is reported as pait of the cxpellditure to wl)i¢l) il I'elated.
Cost of geiieratinb funds coinprise of the costs associated witli altiactiiig voluiitai'y iiicoine
Cliai'ilable expeiiditiire coinprised tliose costs iiicui'i'ed by (lie charity ITI Ilie delivei'y of ils activities ai)d services
foi. its berieficiaries. It iiicludes boili costs tliat cali be allocated direclly Lo sucl) activities and tliose costs of an
ind irect iialui'e Iiecessary to support Illein. Suppoi'i costs have beei) allocated to activities 011 a basis coiisislent
Nvith Ilie use of tl)e resoiirces.
Grants payable to sludents are recognised at the earlier of Ihe dale of payiiieiit oi. tl)e dale ivhen an
uncoiiditioiial conli'aclual obligation is ei)tered into. Gi'ants ale d¢teri)iined by ilie relevanl ¢oiiiiiiiltees ii) line
Iviili Ilie gi'aiit makiiits
policy of Ilie Institute.
Goveniai)¢e costs iiieliide those cosis associated iviili n)eeling (lie constitutional and statuloi'y iequii'emeiils
aLidit fees and costs liiiked to the strategic iiiaiiagemeni of Ihe Iiislitute.
1.6 TAJigible fixed assets
Tangible fixed assets. oihei. tlian hei'itage assets. ale slated at liistorical cost less accuinulaled depreciatioi) and
aiiy accuiiiul8te(l iiiipaii'nieiil losses. Histoi'ical Cost iiicludes expeiidiiiire Ihat is dii'ecily allributable to bi'inoiiig
tlie asset to Ilie localion aiid condition ilecessai'y foi. it lo be capable of operatin&¥ iii Ilie iiianner iiiteiided by
iiiaiiaL7enienl.
Depreeiation is cliat'8ed so as to allocate ilie cost of assets less their i'esidiial valiie over tlieir estiinaled
usefiil lives.
Depi'eciatioii is pi'ovided oli the followin8 basis:
Leaseliold laiid and buildings
Motoi. v¢liicles
Coinputei" equipnient, fixtures and fittings
Over the period of tlie lease
33.33 % Reducing Balance Metliod
25 /0 Reducing Balance Metliod
The library is considered ¢0 be a hei'ilage a&set- lield and Inainlained principally foi. its contribution to
kiioivledge and Cliltiire. and as siicl) is iiot valiicd ii) tlie balance sheel as tliere 15 not reliable liis101.ical
inforiration on its cost and a convei)tioiial valuation would be overly 01)eroiis io coiiduct and given tlie r)ature
aiid uiiiqiieness of some of ilie ilems held Inight ivell pi'ove to be arbitrary. The cost ot. books pui'chased duriiig
tlie year lire capithlised if their individiial cost is above tlie capitalisation limit. All other book pui'chases are
chai'ged lo tlle ii)coine sLqtenient. Fiirlher details al'e given in ilote 9.
1.7 Fixed asset investments
Lnveslmeiils are caiTied at market valiie with any unrealised gaifts and losses being included in the Slalenient of
Fil￿nCial Activities and allocated betweeii fuiids.
The cost of nianagenieiit of the investnjeiits has beeii charged to d)e Statemeiit of Finaiicial Activities.
Page 14

THE BRITISH IliSTITUTE IN EA4iTERh' AFRICA
(A Coiiipai)y Liiiiited by Cyuai'antee not liaving # Sliare Cai)ital)
NOTES TO THF. ACCOUNTS
YLI AR ENDED 31 fvIARCH 2025
1.8 1n)paii'iiienl of fi¥ed assets
At eacli I'epoiting end date, tlie chariiy ieviews the cariyiiits amounts of its tangible asseis to deteriiiiiie
wbetlier Iliei'e is any indicatioii that Il)ose asseis liave sijtTei'ed an iiiipaii'meiil loss. If any such indicatlon
exists, Ilie I'ecovei'able aiiiounl of the assei is esiiiiialed in oi'dei. 10 deierniine the eyteiit of tlie
iiiipaii'ii)enL loss {il- aiiy).
Recovei'able ¢inioiJiit is Ilie liigiier ol, tair value less cosls coinp21.ed to sell and value in iise. In assessiiig
value in iise, tlie estiiiiated fiittii'e casli floivs are discouiiled to Ilieir i)reseiit value Usilio a pi'e-lay
discouiit i'ale that ieflecis CLlI'I'eiit inai'ket a.ksessi)ients of Ilie linie value of nioney aiid tlie i'isks specific
to the asset foi- Ivliich the esliiiiates of fuiuir ca511 flow5 have iiot beeii adjusted.
If tlie i-ecoverablc t?InoiiiiI of all asset is esliniated io be less tliaii its cai'iyinLY anioLJlit, the cai'iyiiig
anioiliit ot tlie asset is i-educed lo ils I'ecovei'able uiiiouni. Ali iiiipairineiit loss is I'ecogiiised iiiiinediately
iii iiicome/(expenditLire) foi. Ilie )Fear. Iinless tlie ielevaiii asset is cari-ied a( a revaliied aiiiouiit. iIi wliich
case the iiiipaii-menl loss is trealed as a I'evaluation decrease.
Recogti ised iiiipaii'ii)eiit losses are reversed if, and 011151 if. 11)e ieasoiis foi- Ilie iii)pairnieiil loss l)ave
ceased to apply. Wliere an impairinent loss siibseqiieiitly Itvei'ses, the caiTylI)g ainoiii)l ot'tlie assel is
iiici-eased to tlie i'evis¢d estiiiiate of its recovei'able ainolint, bul so tlial Ille inci'eased carrying aiiiouiit
does iiol exceed the cariying aiilount Iliai ivould have beeli detenniiied had iio impaii'iiienl loss beeTI
recoonised tor tlie asset iii prior yeai's. A revei'sal of an inipairmeiil loss is recogiiised in)niediately,
unless tlie relevant asset is cai'i'ied in ar a revaliied aniount, in which case ilie I'evei'sal of the iiiipairmenl
loss is tieated as a iEvaliia¢ioii iiiciruse.
1.9 Cash Aiid casli equivalent.s
Cash and cash equivalents include cash in haiid, deposits lield at call witli baiiks, otl)er slioi't-teriii liqiiid
nvestsiieiits iviili oribvinal ii)atiii'ities ofil)ree moiitlis or less, and bank oveydi'afts. Bank overdi'afts are
showii ivitliiii bori'oiviiigs iti curi'eiit liabilities.
1,10 Financial iiisli'unienls
The Bi-itisli Institute in Easlerii Afi-ica lias elected to apply tl)e provisioi)s of Section I I 'Basic finaiicial
nsti'umenls, and Section 12 '0tlier Financial Instruments Issues, of FRS 102 to all of its fiiiat)cial
iiisti'unients.
Financi￿11 inslrliiiieiits are I'ecognised iii tlle British Institute in Easteiii Africa's balance sheel ivhen the
Britisli Inslilule iii Easterii Africa becoines i)arty lo tlie coiitratliial provisions of tjie iiisU'Liiiient.
Financial assets and liabilities are offseL wilh tl)e iiet amoiints presented in tlie fiiiaiicial stateineiits.
wlien Ilieie is a legally eiiforceable l'ight lo set off tl)e recogJii5ed amouiits and there is an inteiition to
settle on a Iiel basis or lo italise tlie asset and settle tlie liability simultaneously.
slcfiiiu)IciMI ussel.s lla.slcfiiiaiiL'i(Il u.s.sel.s, Ivlilcli iiielude rfe￿OrS uiid ca.sli aii(I baiik
balaiices, are iiiitially Eneasiired al ts'ansaction i)rice includiiig ti'aiisaction costs aiid al'e subseqiieiitly
carried al amoi'tised cost using il)e effective iiiteirst metliod unless the armoenieiit coiistitutes a
financiiig ti'aLisaction. Ivhei'e the trniisaction is measuird at the preseilt value of the futui'e i'eceipts
discounted at a niai'ket l'ate ot"iiiterest. Financial assets classified as receivable wiihin one year al'e not
aiiiortised.
Page 15

THE BRITISH INSTITUTE IN EASTERIY AFIIICA
(A Compaiiy Limited by Guarantee iiot liaviiig Sliare Capital)
NOTES TO THE ACCOUNTS
YLUi EM)ED 31 MARCH 2024
Bn.ficJlJiiiiicliil Iliihililies
Basir fInancial liabilities, including ci'editoi's aiid bai)k loai)s are inilially recognised dt li-ansaction pi'ice Linless Ilie
ai'i'aJitrei)ient coii8litutes a financiiig transactioii. Ivhere 11)e debt iiisii'iiiiieiit 1% iiieasui'ed al Ll)e pi'eseiit value ot Il)e futu
paymellls discouiited at a ii)ai'l(et I'atc of inleresi. Fiiiaiicial liabilitie5 classified as pay¢ible ivitliiii oi?e yeai. al-e not
Inui'tised.
Debt iiistl'liiiieiits are subsequently cairied at aiiiortised cost, using tlie effective iiitei'esl 17te imetliod.
Ti'ade credit()rs are obligatioiis lo pay for goods oi. sei'vices Ihat huve beeii acqutred in 11)e ordiiiaiy coiirse of
opei'(Itions 11-0111 supplieis. Ai)iounLS payable are classified as cui'renl liabilities if payineiit is diie williii) one yeai. oi, lei
I f iiol, tliey are pi'esenled as noii-curreiii liabilities. Trad¢ credil01s ar¢ recognised iiiicially at li'aiisactioii pi'ice
Hiid SLibseqiieiitly n)¢asiii'¢d at aiiioitised cost iising Ilie effective iiiteresl nietl)od.
Dei'ecognition of financial liabilities
Financial li11bililies are dei'eLogiiised ivlieti Ihe Britisli Instilule ii) Easteim Afi-ica's coiilractual obligatioiis expire or al'i
discliai'ged or caiicelled.
I, I l Govei'niiieiit Gi'ants
Governi)ienl grants are recogiised at tlie f¥tir Value of tl)e asset i'eceived oi. receiv&ble ivlien there is I￿aSOlIable
assui-aiice tl)at tlie grant coiiditions ivill be met and tlie ￿ZnIS will be received.
A gi'ant Iliat specities perr￿ll￿anCe conditions is recogiiised in incoine when Ilie pei'formaiice conditions are inet.
Wl)ei'e a y'ant does not specify pei'f()i'inance conditions it is i'ecogii)ised in incoi)ie when Ilie piyyceeds ale received
or I'eceivable. A grant received before tlie recognitioii crlleria are satisfied is recognised as a liubiliry.
1.12 Pensions
Slaft. on UK-based contracts are oftered meinbei'ship of the Univei'sities Superaniiualion Sclieme (USS).
Tlie assels of Ilie scl)eiiie are lield in a separate ti'uslee-adiliinislered tund. Because of the ii)utual i)ature ot.tlie scl)ei)ie
the assets are i)ol allributed to iiidividual institutioiis aiid a schenie-wide coiitributioii l'ate is sel. Tlie inslilulioii is
tliei'efoi'e exposed lo actuarial risks associated iviili other institiitioiis, einployees ai)d is unable lo identify ils share of
tlie iiiidei'lying assets and liabilities ol. Ilie scheine on a consistent and i'easonable basis. As I'equiied by Sectioii 28 of
FRS102 "Einployee benefits" the instittitioii tl)eretoi'e accoiints foi- tlie scheiiie as if il weye a defiiied conli'ibuliotl
schenie. As a rcsiilt, the aniount charged to the profit and loss accounl I'epresenls the contributioiis payable to tlie
scheme. Since the iiistilulioii has enlered into an agreenienl (the Recovery Plai)) that deteimiines lioii, eacli einployer
¥vitiiiii tlic sLhcnie %vill fund the ovei'all deficit, the insti¢iition ircogtiises a liabiliiy for tlie conti'ibutlolls payable Ihat i
froni tlie agi'eenient (to Ilie extent that tliey relate to tjie deficit) witl) i'elated expenses being recognised tlii'oiigh tlie
profit and loss account.
J.13 ForeiEI) euri'eiic}' ti"Aiislation
TRie fiiiaiicial statenieiits ale presented in Sterling, wliicli is also ihe tuiictioiial cun'eiicy of tlie Liistitute.
Tlie Institute lias incoRne and expeiiditui'e in sterlino and non-sterliiig Curreiicies and conseqiTently niaiiitairks banlc
accolints in various cui'iencies to facilitate this. Tlie Trustees. policy is to excl)ange stei-liiig cui'i'ency only wlieii Il)e
incoine is certain and the experiditiire is foreseeable. Foreigii curreiicy I17nsactioiis are translated iiito tlie fLlt)ctioiial
ciirt'ency iising tlie excliange i?te at the date of the ti'ai)saclion. Ai each i)eriod end foreign CUlTeii¢y inoiietaiy iteins ali
ti'anslated using the closing rate.
Foreign ekchange gaiiis and losses i-e5ulting froiii the settlei)ieiit ofts.211saclioi)s and froin tlie ti-aiislatioii al pei'Fod- eiid
exch<moe i'ales of moiietary assets and liabililies deiloniinated ill foL'eiJ cutTeiicies are i'ecogiiised in the SOFA.
Page 16

THE BRITISH INSTITUTE IN EASTERN AFRICA
(A Coiiipany Limited by Gmaraiitee llot havÉng a Shal'e Capital)
NOTES TO THI ACCOUNTS
YE.4R ENDED 31 fvIARC.H 202S
NOTEI S (CONTINUED)
roreiLJn exclianLJe gains c11Id losses that welale lo Inoiietary assets and liabilities al'e pi'esented sepai'atelj oil
tlie face ot'the SOFA witliin inconie or expeiiditiire.
2 Critical i?CC(buiitiiig estiinates and judgeiiients
The pi-epai?tion of Ilie fiiiaiicial siateiiieiits I'eqiiires iiiaiiageineiil to Inake jud&)Ineiits, estiinates and assiimptiuns
th¢11 ¢lfl'cct the amounts fft'epoited foi- assets and liabilities as at the balaiice sl)eet date aiid tl)e amoLiiils I'epoi1ed toi.
revenLie.s aiid expeiises durii)g Ilie year. 'fiic iiawi'e ofeslimalioii iiieans the actual oiitcoiiies could diftei. fi'om
Iliose esliiiiales,
I"li¢ l<ey soui'ce of esliinatioll Lll)cerlainly that coiild l?av¢ ali impact oli the fiiiaiicial statei)ieiils I'elates lo Ilie
decision ¢0 not capitalise 11)e liei'ilage asset. Note 1.6) above gives Ilie eyplanalion tor this ivhile iiole 9 provides
iiioi-e iiifoi'nialioi) aboiil tlie assel itself.
FRS 102 Inakes tlie distinclion belweeii a groiip plan aiid a mlilti-employer sclieine. A groiip plai) Consists of a
collection of eiilities Lindei. commoii coiilrol typically with a sponsoi'ing eii)ployer. A niulli-employer schenie is a
sclieiiie loi. eiitities not under coininon coiilrol aiid represents (typicall J,) ali industiy-wide scheiiie such as
Uiiiveisilies Supei'aniiiiatioii Sclienie. 'I'lie accoLinliiig foj. a iniilii-einployei. sclieine whei'e thc eniployer lias entered
into ali a￿'eelneIIt willi tlie sclieiiie thai deleriniiles llow the eiiii)loyer will fuiid a deficil i'esulls iii the recogiiicloli of
a liability foi. tlie coiilribLltioiis payable tlial ai'ise froiii Ilie agreeii)eiil (to the extent Iliat they Itlate to the deticit) aiid
tlie resLiltiiig expense in profil or loss in accordaiice with sectioii 28 of FRS 102. The trustees al'e satisfied Iliat
Univeisities Siipeiynnuatioii Scheiiie meets the defintlion of a iiiulti-eniployer scheiiie aiid has tliei'efoi'e recogiiised
the discounted fair valiie of the conlractiial coiitribulions uiidei. Ilie recoveiy plaii in existeiice at tlie date ot
appi'oving tlie fiiiaiicial slateni¢iils.
In¢oiiiing Resoui'ees
2025
2025
Unres¢i-i¢led
designaled
2025
2024
Uni'estricted
Restricted
To¢AI
Tot41
) Graiits dollalions
Bi'ilisli Acadeiiiy CJrants
Otliei. gi'aiits and doiiatioiis
678,015
678,015
59,096
657,631
Jl,847
59,096
59.096
678,015
737,110
689,478
b) Investiment Income
Bank iiiterest
iicome froni invesliiieiits
1,675
1,675
18.006
19,681
476
14,647
15,123
18,006
18,006
1,675
Incoinijig E'esources are substantially generated within the UK.
Page 17

TIIC BIU'I-ISH IIN'STITIITE I.N EplS'fF.RN iifRICA
(A Coiiipjiiii, l.iini(ed bil Gllarathtee noi h￿l,1ng a SlIAI't Cai)illlll
I (y1.￿ TO THF. AC.C'()IIN'I
YF.AR r.NDLD Jl IMARCI1202
ENPF.NDITIIRC AN'ALI'SIS
Li￿1￿511-1cttd
G¢net'g1
[IniYsti'ici¢
l)esiRiiaied
Resli'iLt¢d
li
?(124
TotRI
l'ost of i-Al&fllU funds:
PllbliLi11ioii Lc)sLs
Website iii)gr4dc
41.(K)o
27.815
-1,313
31.128
6X,815
3.313
41.4.34
2.000
43,4.14
41,000
Dii'eet co.i¢s:
C'ojilereiice and li,0￿5'hO￿l
rieldii.01.k tujd rcse¥rch c()515
Sludctiisliip & lelli)iirsl)ip gi711(S
8<llai'ics wi(1 iilloivttn¢e.
15,30Q
IOa.2%2
15,300
100.282
CTr9.276
70,280
?7.786
365,143
94,460
315,389
4a9,84Y
Supporl ci)$ts:
9,889
9.889
26,114
79.582
3.023
12,1147
19,120
44,015
2,353
21,32X
12,340
10,797
11.373
Repllity l)d niiii)i¢nwiee
Geiiei'al eYpcnsc8
Transpui'l uiid Iidvel
Dcpreeiaiioii
1409
79,5A2
3.02.7
9.999
12,954
629
23.247
1.¥55
10,154
2.585
12,954
629
23,247
1.855
l)rovidenl luiids
l-,oreign cycliange {gainl I los
Wl'lte o
Goi'ei'nAnce costs:
Stcift Losts
Aiidit aiid a¢¢oui)iai)¢y feei
l.,egal le&s
T&¥ Expciiqes {Cl'll
13,391
5,514
1.1.391
22,055
10.114
77,1,,178
15.359
11.284
21,,143
720,746
16,541
113.()9¥
2.5x5
618,195
Page 78

THE BRITISH INSTITUTE IN EASTERN AfRICA
(A Coin paiiy Liniited by C￿ar#I1{ee not liaving a Shal'e C2Pltal)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 NIARCH 202)
ST AFF COSTS
2025
2024
Salaries aiid allowai)ces
Natioiial insLlI'aiice
Peiision conts'ibutioii
Provident lui)d Foi. local Kenyan staff
408,533
1.316
364,469
675
629
410,478
10,797
375,941
Nuiiibei. of staft - Gi'oup
20
24
Nuiiibei. of slaty- UK
No eniployee.% eamed a salaiy over L60,000 per annui)i in this oi. the prior year.
Tl)e Dii'¢¢loi' and Keiiyaii Dii'ec¢or niaiiage the ii)stitiition on bchalf of the cout)cil and represeiit key
Inanageiiieiil. The total I'emuiieratioii iiicludiiig all salaries¥ peiision conts'ibutiofts, allowaiices ai)d otliei. costs
Ivas £134.153 (2024.. £119,193).
GOVERNINC COUNCIL AND RELATED PARTY TRANSACTIONS
Tlie menibers of tlie CioveYi)ing CouiiLiI received no ieiiiiFiiei'ation iii i-especi of their dllties. ReimbuiEed
expenses tolalling £3,800 duriiig die year (2024: £2,853) in relatioii to ii'avel and acconiiiiodaiioll.
Doi)<ltions for a total of £Nil (2094: £Nil) weir ieceived froiii inembei's oftlie couiicil.
The bistitiite's I'esearch ceiitre and library, is located in Nairobi, managed aiid staffed tlieit by oiii. subsidiai'y
orgftiiisatioii BIEA Kenya ivliicli is constituted as a Keiiyaii Noi)-Goven)iiieiilal Oi'gaiiisalion (NGO)- Dui'inb
Ilie yeai. the UK ti?iisferird 98 niillioii Kenyan Sliillings (2024.. 48 niillioii Keiiyaii Shillings) to BIEA Icenya to
fuiid operations.
Thei'e were no olliei. i'elal¢d party iiwisactioii in the period (2024: None).
AUDJTORS AND ACCOUNTANTS. REMUNERATION
Tlie iiidependeiit exaniii)ei' cliai-ged £7,541 (2024.- £10,571) in irspect of tlie 8udil of wliich £5,850
(2024, £4,788) related to tlie audit of the branch tn Nairobi.
GROUP FINANCIAL STATEMENTS
)e financial statenients coiisolidale tlie results of ihe Iiistilute and ils subsidiaiy BIEA Keiiya. A Sep￿.ate
Stateii)ei)l of Financial Activilies and Stateillellt of Cash Floivs is iiot presented foi. the UK charitable
coinpany because the charity has taken advantrage of the exemption in S408 of the Compallies Act 2006. Tlie
charitable Cotnpany's net moven)en¢ in fviids for tlie year aii)ounted to a £89,945 (2024- £225,344).
Page 19

THE BRITISH INSTITUTE IN EASTERN AFRICA
(A Conlpaiiy Liiiiited by Guarantee not haviiig a Sliare Capital)
NOTES TO THE ACCOUNTS
y[IAR ENDED 31 MARCH 2025
9 TANGIBLE FIXED ASSII'S
Leaseliold Compiiter Equipiij¢i)t,
Laiid aiid
Fui-nilui'e filtiiigs
Buildiiigs
alld equipiiicnt
Motoi.
veliicle5
Total
Gi'oup
Balaiice bi'ouglit foi*vai'd
Excliaiige diffei-eiice
Disposal
Additioiis
At end of year
459,523
144.199
(88.717)
603,722
(88,717)
17,396
72,878
17,396
532,401
459,523
Accuiiiiilated dei)reeialion
Balance bi'oliglil fonvai'd
Dispo.S<?I
Ex'change difference
Cliarge foi. the yeai.
At eiid of pei-iod
166,527
122,071
288,598
(88,718)
8,788
42,141
(88,718)
22,741
222,621
13.953
180,480
Net book value at end of year 2025
279,043
30,737
309,781
Net booli vnlue Al end of yeai. 2024
292,997
22,128
315.125
Company
Cost
Balance bi-oughi torward
Disposal
Additions
Ai end ofyear
459.523
7,903
467,425
459 523
467 425
Aceuinulated depi'cciAtioii
E11& lance bi'oiighl fornv￿-d
Disposal
Cl)ai'ge foi. the yeai.
At eiid of period
166,527
6,168
172,695
13,953
180,480
434
14,387
187.08?
Net book value at end of year 2025
279.044
1.301
280,344
tyet book value llt end of year 2024
29?,997
1,735
294.730
Diii'ing tlie year ended 31 March 2000 the Haycock Memorial Fund adininistered by the lllstitute acquiitd a 46-yew'
leaseE]old interest (expiring on 31 July ?(M6) in tlie propeity occupied by the Inslitute.
Page 20

THE BRITISH INSTITUTE IN LASTERN AFRICA
(A Company Limited by GuAI'2iitee not having a Share Capitlll)
]YOTES TO THE ACCOUIYTS
YEAR ENDED 31 fvIARCH 2025
TANG(BLE FJXED ASSETS
Dui'iiig Mai'cli 201 O the pi'opcrtji in Nairobi was valued by Kniglit frank usiiig tlie Investi)ieiil 11)elliod of
valiiation. The mai'ket value al Ihe date of valiiatioii was £75 1)iillion Kenyaii Sliillings Nvhich was ai)pi-oxiiiiately
£640.000. This valliation is Iiol ii)coi'porated iiito tliese aceoLTrlits.
The t31EA iiiaijitains al its base iii Naii'obi a reseaich aiid refei'ence librnty which is iiiipai'alleled in Ilie I'egioii,
The librai')f is op¢n to all iiieii)bei's wi.shiiig Io Lise il aiid coiiiains ari)iii)d 5,000 baoks and i-iins of specialist
jOLlI'nals, a5 well <iS off-pi'ints aiid theses. No pi'ofessioiial valusllion of tlie libraiy has been iiiade as tlie Coiiiicil
does iiot feel tl)at Iliis ￿lOuld b¢ Cost effective. As a resiilt, no value foi. tl)e libi'ai)i is recoi'ded in
tliese accounts aiid the costs relating to the acqiiisition of libi?I'y iiiaterials ale ivi'itten ofl-aiinually.
All assets are uscd iii tlle dii'ecl charitable k)Ctivities of tlie conipaiiy.
10 INVESTMENTS
2025
2025
2t)24
G i'oup 2nd coiiii)any
Cost
340,285
Vllluation
486,381
Valuatioii
441,636
Balance bi'oiiglil foiward
Additions
DividLnd income I'eceived
Uiirealised gaiiis/(losses)
Balaiice at 31 Mai'ch 2025 - listed investn)ents
15,132
1,367
502,880
14,648
30,097
486,381
340,285
Coiislstlng of:
Listed investsiieiils
Iiivestineiit casli
502,880
486,381
502,88?
486,383
2025
2024
Details of malerial investments held at the end of the financial year are as follows:
Sa)'asin Class A Tiicome
502,880
486,381
Th¢ iiivestments belongy to Ilie designated Haycock Meniorial fiiiid.
All ii)vestmeiits fall witliiji the narrow raniFe iiivestments as defined by tlie Trusl¢es Investnient Act 1961
and are held in accoi-dance with ihe powers of tlie Trustees ot.tlie conipany.
Page 21

THE BRITISH INSTITUTE IN EASTERN AFRICA
(A Coinpany Liniited by Guxi'anlee not li#ving a Sliaj'e Capital)
NOTES TO THI ACCOUNTS
I'EAR ENDED 31 MARCH 2025
I I DEBTORS
Gi'oup
202S
Comi)aiiy
2025
Gi"oup
2024
Conipany
2024
CTI'OUP
Pi'ei)ayiiients & siindi'y debt013
25.000
2,425
59,$43
16,J99
J2 CREDITORS
Gi'oup
202S
Coiiii)aiiy
2025
Gj'ollp
2024
Coinpaiiy
2024
CJI'OUP
Oihei. creditoi's and 1¢ ccruals
195.432
44,522
290.579
18..392
13 PROVISIONS FOR LIABILITIES
Croup
2025
Coinpany
2025
Gi'oup
2024
Company
2024
PR'ovident Fiiiid
Balance bi'ouglit for%vard
Traiisfei's
Moveinent foi. the year
Balaiice at 31 March 2025
531
57,118
4.1.3
98
56.587
531
Pi'ovision for USS Deficit
Balance bi'ought t'oiward
Moveinenl tor the year
Balaiice at 31 Marcli 2025
64.0.38
64,038)
64.038
Tolul pi'ovisions eori'ied foiivard
98
531
Page 22

THE BRITISH JNSTITUTE IN EASTERN AFRICA
(A Coiiipaiiy Limited by Guaraiitee iiot liaving a Share Capital)
CONSOLIDATID STATEMENT OF FINANCJAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
UNRFSTRICI'ID DESIGNATED FUNDS
Haycocl. Meiiioi'ial Fund
The Haycock Memoi'ial Fiiiid is 10 be used foi. Ilie geiieral pilrposes of tlie Institute. -file ivisl)e.s ot. tlie
Haycocks were that it shoiild be Lised iii tlic advaiiceiiietil of studies (incliid itig iii pai'tiCLilai' lingLiisIic
siiidies) of ilie Aiicient Mei'oitic State of Nubia as far possible, althoiigh iio specific ti'ust was ci'eatcd
iii this respect.
Hayeock
MeEI)orial
Funds
2025
Tolal
2024
Total
lijcoining i'esouj'ces
Iiivestnient income
18,006
18,006
14,648
Re%oui'ces expen(led
GL'iici'al expciise
Depi'eciaiioii
?,585
2,585
2,585
2,585
2.585
Ti?nsfer
Net iiicotiiingl(oiiigoing) i'esoui'ces before transfers
15,421
15,421
12,063
Net iiicomiiigl(outgoiiig) resources befoi'e ti7iisfers
15,421
15.421
12,063
Gaiiis/loss&s on iiivestiiieiils
1,367
1,367
30,097
Net Inovement in yeai.
16.788
16,788
Balance brouglit forward
726,304
726,304
684,144
Fund b￿lance as at 31 Mai'cli 2025
743,092
743,092
726.304
Repi'esenced by..
Tangible fixed assels
Fixed asset investmeiits
Curi'enl assets
53,160
502.880
187,052
743,09?
53.160
502,880
187,052
743,092
55,745
486,381
184,178
726,304
Page 23

'rHL BRITISH IYSTITUTI IN EASTERN AFRICA
{A CoriipAiiy Liniited by Guaransee not hAiiiig a ShAI'e CapitAII
CONSOLII)ATED STATEMENT OF FlINANCL4L ACTIIIITIES
INCLUDING JIYCOfvIE.4ND EXPENDITLRE AC"COUNT
OR'I'JIE )'F..4R F.NDED 31 hI.4RCII 2025
RLSTRICTED FLINDS
Gi-eeii
Hei'itage
Pi'ojcct
GrAlIt
Bi'ilish Naii'obi
Aca(leiiiy Reporl
AurEIius
Trust
GrAlIt
Aliph
Pi'oject
Gi'AlIt
Tolal
LIAIAiiee l Api'il 2023
15.631
2,776
9.947
28.354
Ii)Loiiiiiig i'e4biirees
Ciraiils rfiiid doiiaiioiis
657.631
657.6J I
IlebOLirccs cNpciid¢d
{608,341)
{601.341)
Ti'aiister heliveen lijiids
ri und bAIAllce 85 Ilt 31 Marcli 2024
64,92(J
2.776
9.947
77.043
Cjranls aiid doiiati()n
678.015
678,a15
Resouires ts%pen(led
1669.323)
1669,3231
'I'i'uiisfer l)etlV¢kl) fund
Fuild bnlAiice as Al 31 Maj'ch 2025
2.776
86,334
Tli¢ vJlue i)t ihese lunds is IiLld ii'ithin ciirrenl ¥ss¢'ts.
Page 24

THf. BRITISH INSTITUTE IN EASTERN AFIIICA
(A Coiiipany Limited by Guarantee not liaviiig a Sliare Capital)
NOTF.S TO THE ACCOUNTS
Tr'[1 AR CNDED 31111.4RCH 2025
16
TRANSFIRS BETWEF.N FUND.S
Duriiig tl)e yeai., i)0 Iraiisfei's ivei-e niade lo die Genei'al FiiE)d fi'oni tlie l-laycock. Metiioriiil Fund (2024.. £iiil).
Diii-iiig the year £Nil (?024: £NAI) was traiisfei-red lo the Geiieral Fiiiid froin tlie Bi-itisl) Academy
Gi'aiics for ainouiils spent on tixed assets.
17
CONTROLLING PARTY
Tliere is no coijti'olliiig part)i iii ihis or Ilie pi-ior year.
18
FINANCIAL INSTRUMFNTS
2025
2024
Financial assets
Ai fail. value tlirougli pi'ofit or loss
50? 880
486,383
l*inwicial assets at fair valLie tliroiigli pl￿rit oi. loss coinpi'ise listed investiiients
19
LEASE COMMITMENTS
Tliere ¢ire no lease coniliiitiiients in the cuii'ent or c(xiipaiative )iear foi. the bainch or the conipajiy.
Page 25

THE BRITISII INSTI"fuTE IN EASTEIIN AFRJCA
(A Company Liiiiited by GuArantte iiot hftvibig a Sllare CApitAI)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITJIS
Ir4cLUDING INCOME AND EXPENDITURE AC.COUNT
FOR I'Hk Yk.4R li IYDED JI fv1.4KCII 2025
io
C.ONIPARAI'lVI,: sofA & t440TES
Total
ri uiids
2024
Uni'¢stl-iLted
FitMds
Designnted
Fuii<ls
Rcsti'ieted
Fi)17ds
Iiie4)iMe aiid eiidoiviiieiit fiin(Is fi'om:
Diinalionb aiid le&yJcie%:
Cirant%
SiibsLfiiJLinll8
C'hai'il£?blc aclivilie8..
Puliliciitiai)s
(iuesl IIoiisc IllLuine
31.847
5,()81
657.631
()89.478
5,981
38.161
6,355
6,.3 55
Qil)ei' Itlldiii8 aclivilies:
R¢iit
VcliiLle iiic()Ine
59.132
59,132
Iii(ei'e.%l on haiik
476
476
14,647
14,647
Oihci. iiiL()rne'.
libC¥llai)¢uLIs
Guiii i)i) ilisposal
TotAI
49,017
49.016
i ()0.()69
14,647
()57.631
863.24C?
Ixpeiiditure oil:
Raising tinds
CliJi'ilable aclivilies
Cliai'itable activiliLS cxcepli()iiJl
TotHI
14,9¥5
138.269
28,449
579.893
43,434
72U,746
2,585
153.254
2.iX5
608,342
764.180
Uni'Lalised LTaini 011 iiivcslinci)1s
10
JO.U97
30,097
Net incoiiitl(expenditiii'c)
37,715
42,159
49.289
129.163
Ti'ansf¢r beliyeeii fuiids
Total iiioveRiellt lil (Iiiids
37.715
42,159
49.289
129,163
Toldl liiiids bioii8lil li)rivard
(20,543)
684,145
28.354
691.95()
TotAI funils cxi'ried forwai'd
17.172
72CI,304
77.()43
821,119
Page 26

THE BRITISH INSTITUTE IN EASTIRN AFRICA
(A Company LiiiiiÉed by Guai'antee not liaving a Shai"e Cai)it21)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIE4 S
INCLUI)ING INCOME AND F.XPENDITURE ACCOUNT
FOR THE YE.4R ENDED 31 MARCII 2024
21
COMPARATIVE SOFA & NOTES (contiiiued)
Uni'estricted Uiiresti'icted
Ctnei'al
De,sigi)ated
Funds
Fijnds
Resti'icÉed
Fuiids
2024
Tot*1
Cost of i'aising funds:
Publicatioii cost
Websitc upgi'ade
14,985
?6,449
2,000
28,449
41,434
14,985
Cliai'itAble aetivittes:
Dii'etl eosts:
Contei'ence and woi'kshop
Fieldwoi'lc and ieseai'ch costs
Stiidentsliip & fellowsliip granls
Salai'ies and allowances
Aliph pi'ojecl expenses
Gi'eeii Hei'ilage project expenses
Exceptional ilcm
69,276
69,276
76,280
27,786
365,143
27.786
266,599
98,544
Suppoi't eosts:
Rent and util ities
Repaii's aiid iiiaintenaiice
General expenses
I'i'aiispoit and Éi'avel
Depi'eci1c tioii
Secui'Lty
Pi'ovideiit hinds
Foreign exchange (gaiii) I loss
12,847
19,120
46,830
12,847
19,1?0
44,015
2,353
21.328
19,340
10,797
11.373
(2,815)
2.353
18.743
2,585
10.797
11.373
Govcrnaiice costs:
Audit and accounlaiicy fees
Leg1( l Jees
Tax expenses (CID
15,359
11,284
11,284
21.443
138,268
2,585
579,891
720,746
Page 27