| Contents: | Page: |
|---|---|
| Legal and AdministrativeInformation | 1 |
| ReportoftheTrustees | 2 |
| StatementofTrustees Responsibilities | 11 |
| IndependentAuditors’ Report | 12 |
| StatementofFinancial Activities | 16 |
| BalanceSheet | 17 |
| Cash FlowStatement | 18 |
| Notestothefinancialstatements | 19 |
| CharityName: | AceAfrica (UK) |
|---|---|
| CharityNo: | 1111283 |
| company No: | 4726183 |
| Thecharitablecompany isgoverned by itsArticlesofAssociation | |
| Registered Office: | c/o Lockton Companies LCP, The StBotolph Building 138Houndsditch |
| London EC3A 7AG | |
| Operational Address: | c/o Lockton Companies LLP, The St Botoiph Building 138Houndsditch |
| London EC3A 7AG | |
| Trustees: | Fiona Hammond, Chair |
| Anne-GabrielleStarkloff | |
| David Montgomery | |
| KennedyWanyonyi | |
| Delia KarenAppelt(Appointed 28.07.2022) | |
| Simon Butt(Appointed 28.07.2022) | |
| Rachel McCastman (Honorary Secretary resigned 05.09.2022) | |
| FionaMurray (HonoraryTreasurer resigned 05.09.2022) | |
| Staff: | David Evans, UKCountry Director |
| Oliviajarman, Eventsand Fundraising Manager | |
| AjayVasa, Finance Manager | |
| Auditors: | Critchleys Audit LLP, BeaverHouse, 23-38 Hythe Bridge Street, |
| Oxford OX] 2EP | |
| Bankers: | CAF Bank Ltd, 25 Kings HillAvenue, Kings Hill, West MaIling, Kent, ME]9 |
| 4J0. Barcays Bank PLC, Leicester, LE827 |
28/06/2023
30/6/2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Incomeand endowmentsfrom: | |||||
| Donations and legacies | 2 | 182,596 | 354,599 | 537,195 | 671,004 |
| charitable activities -events |
15,085 | - | 15,085 | 16,000 | |
| Other -gifts in kind | 50,000 | - | 50,000 | 50,000 | |
| Total income and endowments | 247,681 | 354,599 | 602,280 | 737,004 | |
| Expenditure on: | |||||
| Charitableactivities | |||||
| Support ofAceAfrica programmes | 3 | 28,588 | 381,992 | 410,580 | 505,644 |
| Governance Costs | 3 | 6,428 | 6,428 | 5,764 | |
| Raising funds | |||||
| Fundraising and GrantApplication | |||||
| Costs | 3 | 161,596 | - | 161,596 | 161,718 |
| Other | 3 | 50,000 | 50,000 | 50,000 | |
| Totalexpenditure | 246,612 | 381,992 | 628,604 | 723,126 | |
| Netincome/fexpenditure) | 1,069 | (27,393) | (26,324) | 13,878 | |
| Reconciliation offunds | |||||
| Total funds broughtforward | 10,178 | 115,893 | 126,071 | 112,193 | |
| Totalfundscarriedforward | 7 | 11,247 | 88,500 | 99,747 | 126,071 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| currentAssets | |||||
| Debtors | 5 | 14,519 | 60,148 | ||
| Cash at Bank and in Hand | 91448 | 77,983 | |||
| 105,967 | 138,131 | ||||
| creditors: AmountslIing due within one | |||||
| year | 6 | (6,220) | (12,060) | ||
| Net CurrentAssets | 99,747 | 126,071 | |||
| NetAssets | 99,747 | 126071 | |||
| Unrestricted Funds | |||||
| General Funds | 11,247 | 10,178 | |||
| Restricted Funds | 7 | 88,500 | 115,893 | ||
| Total Funds | 10 | 99,747 | 126,071 |
| 2022 | 2021 | |
|---|---|---|
| Total funds | Total funds | |
| £ | £ | |
| Cash flows fromoperating activities: | ||
| Netcash provided (used in)operating activities(reconciliation below) | 13,466 | (37,586) |
| Change in cash and cash equivalents in the reporting period | 13,466 | (37,586) |
| Cash and cash equivalentsatthe beginning ofthe reporting period | 77,983 | 115569 |
| Cash and cash equivalents attheend ofthe reporting period | 91,449 | 77,983 |
| Net income/(expenditure)for the reporting period (as perthe statementof | ||
|---|---|---|
| financial activities) | (26,324) | 13,878 |
| Adjustments for: | ||
| (lncrease)/decrease indebtors | 45,629 | (53,053) |
| Increase/fdecrease) in creditors | (5,839) | 1,589 |
| Netcash provided by(used in)operating activities | 13,466 | (37,586) |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 2 | Donationsand leqacies | £ | £ | £ | £ |
| Restricted Donations | . | 354,599 | 354599 | 447,591 | |
| General Donations | 182,596 | . | 182,596 | 298,143 | |
| 182,596 | 354,599 | 537,195 | 745,734 | ||
| Other | |||||
| In kind -useofofficespace |
50,000 | 50,000 | 50,000 |
| 3 Expenditure |
3 Expenditure |
3 Expenditure |
3 Expenditure |
3 Expenditure |
Costs of . charitable . . activity |
Costs of . charitable . . activity |
Fundraising and grant . . applications |
Fundraising and grant . . applications |
Governance costs |
In kind expenses |
Total 2022 |
Total 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| f | c | c | c | - | £ | |||||||
| SupportofAceAfrica | ||||||||||||
| Programmes | ||||||||||||
| AceAfrica (Kenya) | Unrestricted | |||||||||||
| Grants | 10,548 | |||||||||||
| AceAfrica (Tanzania) | Unrestricted | |||||||||||
| Grants | 4,088 | - | - | - | 4,088 | 9,756 | ||||||
| Programme costs | paid | in UK— | ||||||||||
| U nrestricted | 24,500 | - | - | - | 24,500 | 30,000 | ||||||
| 28,588 | 28,588 | 50,304 | ||||||||||
| AceAfrica (Kenya) | - | Restricted | ||||||||||
| Grants | 107,971 | - | - | - | 107,971 | 108,250 | ||||||
| AceAfrica (Tanzania) | - | Restricted | ||||||||||
| Grants | 274,021 | - | - | - | 274,021 | 347,090 | ||||||
| 381,992 | - | - | - | 381,992 | 455,340 | |||||||
| CostofGenerating | Funds | |||||||||||
| Staftcosts-general | fundraising | 147,505 | - | - | 147,505 | 179,935 | ||||||
| Bankcharges | - | 1,167 | - | - | 1,167 | 547 | ||||||
| Postage | - | 204 | 204 | 875 | ||||||||
| Stationery | - | 284 | - | - | 284 | 1,000 | ||||||
| Telephone | - | 130 | - | - | 130 | 173 | ||||||
| Travel | - | 1,875 | - | - | 1,875 | 396 | ||||||
| MediaCosts | - | 1,277 | - | - | 1,277 | 10,452 | ||||||
| Training &development | - | - | - | - | - | 1,598 | ||||||
| Directfundraising | costs | 4,756 | 4,756 | 3,317 | ||||||||
| Miscellaneous costs | - | 1,500 | - | - | 1,500 | 1,952 | ||||||
| Professional services | 23,750 | 23,750 | - | |||||||||
| IT&website costs | 658 | 658 | 199 | |||||||||
| Rent | - | - | - | 50,000 | 50,000 | 50,000 | ||||||
| Support costsallocated to | ||||||||||||
| restrictedgrants | - | 121,509) | - | - | )21 509) | (38,726) | ||||||
| InsuranceCosts | - | - | 1,572 | - | 1,572 | 1,624 | ||||||
| Audit Fee | • | 4,856 | - | 4,856 | 4,140 | |||||||
| TOTAL | 410,580 | 161,596 | 6,428 | 50,000 | 628,604 | 723,126 |
| 5 Debtors |
2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| Otherdebtors | - | 58,229 | ||
| Prepaid grantsto Kenya/Tanzania | ||||
| Prepayments | 1,494 | 1,572 | ||
| Accrued income-GiftAid | 5,375 | 347 | ||
| Accrued income-Other | 7,650 | - | ||
| 14,519 | 60,148 | |||
| 2022 | 2021 | |||
| 6 Creditors |
£ | £ | ||
| Accruals | 4,500 | 5,897 | ||
| Creditorswithinoneyear | - | - | ||
| Othercreditors | 1,720 | 6,163 | ||
| 6,220 | 12,060 | |||
| 1. Movernonl in Restrictec] I unds |
||||
| Forward | Income | Expenditure | Carried Forward | |
| Fund Details | OltQi/2022 | jJ12/2022 | ||
| £ | £ | £ | £ | |
| Ace Future Stars, Child Development, | ||||
| Arusha, Tanzania | 2,378 | 47,274 | 49,599 | 53 |
| EmergencyFund,Kenya&Tanzania | 1,327 | 1,816 | - | 3,143 |
| Got MatarCommunity Development, | ||||
| Kenya | 3,450 | 11460 | 16,062 | 4,848 |
| Community Development,Arusha & | ||||
| Moshi, Tanzania | 3,750 | 45,000 | 45,000 | 3,750 |
| Rosie Dwyer Fund, Bungoma, Kenya | 2,557 | 250 | 2,307 | |
| Agriculture &food security, Kenya | - | 7,681 | 7,681 | - |
| Nutrition Supplements &Training, Tanzania |
2,000 | 2,000 | 4,000 | - |
| Youth &Community IncomeGeneration & Business DevelopmentTanzania |
- | 82,569 | 82,569 | - |
| Water, sanitation & hygiene, Kenya | 2,500 | 2,500 | ||
| Expanding access to child protection, Kenya |
24,428 | 39,023 | 27,975 | 35,476 |
| Strengthening HIV health services Arusha, Tanzania |
- | 57,853 | 57,853 | - |
| Increasingyouthaccess to sexual health, Kenya |
10,000 | 10,000 | 10,000 | 10,000 |
| Safewaterinschool, Kenya | - | 5,000 | - | 5,000 | |
|---|---|---|---|---|---|
| Improving Livelihoods forwomen Kenya |
- | 21003 | - | 21003 | - |
| Child Development, Kenya &Tanzania | 45,000 | - | 45,000 | - | |
| Dental Hygiene, Tanzania | - | 25,000 | 12,500 | 12,500 | |
| Child to Child Clubs, Kenya &Tanzania | - | 11,423 | - | 11423 | |
| 115,893 | 354,599 | 381,992 | 88,500 |
| 9 | Net income/ expenditurefortheyear | 2022 | 2021 | |
|---|---|---|---|---|
| £ | £ | |||
| This is stated aftercharging | ||||
| Auditor’s remuneration-currentyear | 4,500 | 4,000 | ||
| Over provision for previousyear | 356 | 140 | ||
| 4856 | 4,140 | |||
| 10 | Analysis of netassets between funds | |||
| Fund balancesat 31 December2022 | Unrestricted | Restricted | Totals | |
| arerepresented by: | £ | £ | £ | |
| Netcurrentassets! (liabilities) | 11,247 | 88,500 | 99,747 | |
| 11 | Employees | 2022 | 2021 | |
| £ | ||||
| Total grosswages & employer’s national insurance | 147,505 | 179,935 |
| 147,505 | 179,935 | |
|---|---|---|
| Staffcostsaboveinclude remuneration paid to key | ||
| management personnel, comprising the UKCountry | ||
| Director, amounting to: | 61,108 | 63,732 |
| Average numberofemployees during year | 3 | 4 |
| There wasoneemployeewith emolumentsabove £60,000 |
Ace Africa De'ieloping Corrimunities