Ace Africa UK Annual Report & Accounts 2023 Ace Africa Developiny Cominunities RègistÈred charity iiumbef 1111283 Company number 4726183 Ace Africa IUKI Report and Financial Statements for the year ended 31 December 2023 Contents: Page: Legal and Adminislralive Information Report ol the Trustees Statement olTrustees Responsibilities lfjdependent AuditOfS' Report Sialement ol Financial Activities 13 Balance Sheet 14 Cash Flow Statement 15 Notes lo the financial statements 16 Ace Africa (UK) Report and Financial Statements for the year ended 31 December 2023 Charity Name: Ace Africa IUKI Charity No.. 1111283 Company No: 4726183 The chaiilable company is goveined by ils Articles of Association Registered Office.. c/0 Locklon Companies LLP, The Si Botolph Building138 Houndsdilch London EC3A 7AG Operational Address= clo Locklon Companies LLP, The Si Bololph Building138 Houndsditch London EC3A 7AG Trustees= Fiona Hammond (resigned 15.03.20241 Anne-Gabrielle Slarklofllresigned 25.09.20231 David Montgomery (resigned 15.03.241 Kennedy Wènyonyi lappoinled 18,03.20211 Delia Karen Appeli13ppoinled 28.07.20221 Simon Bull, Chair (appointed 28.07.20221 Staff= Dèvid Evans. UK Country Director Olivia larman, Philènihropy Manager Aiay Va￿, Fin6nce Manager Auditors-. Cfltchleys Audit LLP, Beavef House, 23- 28 Hythe Bridge Sireel, Oxford OXI 2EP Bankers: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, We51 Malling, Kent, ME19 41Q. Barclays Bank PLC, Leicester, LE827 Ace Africa (U K) Annual Report and Accounts 2023 The Trustees of Ace Africa UK (the "Charity") presenl their report on activities lor the year ended 31st De￿mber 2023. The financial slalemenls comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement ol Recommended Piaclice applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive I january 20191. Constitution Ace Africa UK is a charity registered with the Charity Commission loi England and Wales (number 11112831 and is consliluled as a company limited by guarantee (number 047261831. Its governing document Is Ils aiticles ol association, Trustees The Iruslees ale the directors and members ofthe Charity, Under the articles ol association there may be no Fewer than three trL151eès," there are Ihiee Irustpes al present. Trustees are appointed by the board. In selecting trustees, consideration is given lo their breadth ol knowledge and the experience iequiied by the charity. Candidates are interviewed and approved by Ihe Board. Organisational structure Trustees oversee the affairs ofthe charity on a voluntary basi5 and meet as necessary for this puipose. Decisions are made by fflajority vole al meetings ofiruslees. Ace Afric8 UK currently employs two lull time staff and one part time staff member. The charily uses office space provided pro bono by the Locklon Companies LLP and we are grateful lor their support. Principal activities Ace AlriG3 UK is an independent charity originally established in 2005 10 support charities working in Aliica in particular lo reduce the impact ol HIV/Aids on rural communities. Ace Africa UK raises funds lor Ace Africa Kenya Ilounded in 20031 and Ace Africa Tanzania Ifounded in 2W81, Both partners are independent organisalions, registered in their respective countries. We share a common name and vision 'lo enable children and their communities to participate in and thke responsibility for their own health, wellbeing and development. Relations with both our partners are based on partnership agreements. The three Country Directors lead the partnership on behalf of their fespeclive boaids. We work together lo identify Funding opportunities, cieale proposals and submit appropriate accountability. Donors can Inake grants directly lo Ace Alrich Kenya and Ace Africa Tanzania, 01 ask Ace Africa UK lo manage grants on their behalf and provide accoLJnlability. Ace Africa UK also raises money lor ils parlners. Ace Africa UK does not suggest appi'oaches lo poverty alleviation as the best understanding ol problems and their solutions is in Kenya and Tanzania. All three charities also share a commilmernl to-. a long-term, sustainable approach to community development working in partnership, with communities, othei NGOS and dollors. Communities identify problems arid priorities, based on Iociil context and need9. They participate in delivering, SLislaining and embed quality local service provision Ace Africa (U K) Annual Report and Accounts 2023 creating awareness of government services and bringing seNices closer to the community by bridging geographical/cultural gaps in seNice piovision,. government is a key partner lo ensure sorvices are innovative, cost effective, sustainable and embedded in local communities inte￿entionS are resèarch driven. evidence based robust monitoring and evaluation and learning. Projects are adapted and taken lo scale Dormant since 2009, Ace Africa USA wa5 revived in 2018 to provide alternative north American sources of income. All appropriate filings were made in 2023. The UK has succe55fv11y applied lo numbei ol US Irusts/loundalioiis bul this resource remains undei"used, requiring additional US based capacity Iwhelher paid or volunlaiyl and expertise. Ace Africa UK approaches individuals, familie5, trusts, Foundations, companies and government funding agencies. During 2023 giants were made lo Ace Africa Kenya and Ace Afi'ica Tanzania lo support piogrammes in accordance with any donor requirÈmenls and signed partnership agieemenls lupdaled al the end 0120201, as well as donations ol unreslricled support. Ace Alri￿ UK may support other NG05 if the Ii'uslees decide that doing so is in the best interests olthe Charity in achieving ils objects. Work supported by Ace Africa UK in Kenya and Tanzania Ace Africa Tanzania and Kenya woik with VLilnerable, maiginalised people in low rosource sellings in Kenya and Tanzania. They build fesilienl, inclusive comrTiunilies, helping them access high quality sooal 5etvices. We improve food and economic secui'ity, healih, education, righis awareness and ability lo adapt lo a changing climate, via long teim sustainable solutions in thi.ee progiamming areas.. Child Development, Community Health and Community Livelihoods. Child Development Giving children the skills and knowledge they need lo build healthy, productive and fttslfilling lives for themselve5, their families and the wider o)fflrnunily (including knowing their I'ighis and how lo prolecl Ihem, and sexual and reproductive educalionl. Community Health & Wellbeing Providing the knowledge and training needed lo make beller decisions regarding health, and lo work proactively lo prevent the spread of diseases such as HIV and AIDS. Community Livelihoods Agricultuie & nutrition (training in nutrition and in sustainable, organic methods ol farming, developing community men1015, providing seeds, tools and technical 5UPPOrt lo improve food securityl and economic empowei.ment1skills/expefience lo secure economic independencel. Since 2m3, up until the end of 2023. Ace Africa Kenya and Tanzania reached 2,203,592 children and their families, including.. 34,957 cases of child abuse reported and resolved 219,430 individuals reaching long term food security li.e. 3 nutritious meals & surplus food) > 761 Ace School Clubs established, helping 127,569 children learn about child rights, hygiene and nlltrition. The nSubs run by ch.'Idren. 206, 553 people tested lor HIV 23.371 young people and adults have been involved in income generating activities Ace Africa (UK) Annual Report and Accounts 2023 In both countries a small number of local staff undertake fundraising, manègemenl, reseai"ch/evalualion, Iiaining and programme delivery. Members of the local c.ommunities lead our Work. Since 2003 27.985 volunteers have been involved in planning and delivecing long term change in heath, agriculture, income genèration and child rights- they are al Ihe hoarl ol all our work. Since 2W3, Ace Africa Kenya has reachpd1,723,848 people directly and another 3,62,169 indirectly. Since 2008 Ace Africa Tanzania has reached 497,744 people directly and another 959,488 indirectly. In 2020 and 2021 COVItY19 exacerbated issues Ace Africa has addressed for 20 years- hunger, poverty, a lack olacce5S to education and child abuse. In 2022 the war in Uki'aine affected the most vulnerable. 115 impact continued in 2023, with associated inflation hilling the pooiest hardest. Significant oiganisational changes in Ace Africa Kenya and Tanzania Augustine Wasonga passed peacefully on New Year's Day al his rural home in Siaya County, Western Kenya. He was one ofAce Africa's co-fotjnders, together with joanna Waddington and Anthony Okoti. Augustine had a deep understanding of the development sector and was passionate about improving the live5 01 others. Through his dedication and hard work, he opened up opportunities for young people, and brought security, resilien￿ and hope to millions of vulnerable children and their families. Augustine led the Ace Africa Kenya team as the Direclof for15 years, developing and implementing programmes, leading fesearch partnerships, and building local funding and organisational governance. Above all, he was 3 leader, providing wise counsel to staff, and continually supporting and nurluring them lo become leaders themselves. His menteè, Anthony Okoli has been the Ace Africa Country Director since 2022 and now provides guidance and leadership lo the Ace Africa Kenya team. Augustine will be sorely missed by his family, friends and colleagues. Country Directors ALJgusline Wa50nga (prior to this passing) and joe Waddington (both also founders ol Ace Alrical relinquished their roles and continued lo work in new strategic supportive roles. The current Country Direclors Ilohn Emmanuel in Tanzania and Anthony Okoti in Kenya) are long standing members of staff., Anthony Is the Ihird founder ofAce Alrica. A￿ Africa Tanzania iegislered as an international NGO in 2023, with new legal links lo Ace Africa Kenya., represenlalives from Ace Aliica Kenya now sit on its Board ènd will help develop Ace as a regional entity in East Africa. Ace Africa Kenya The ftjnding situation improved slightly in 2023, thanks lo a new, major, two year grant. New funding from the Egmont Trust funded entrepreneurial education lo 2m young mother5 as well as supporting 80 young mothers access vocational skills lo grow their incomes and achieve economic independence. A two year grant from The SOL Foundation is reaching 5,OCK) children and piotecting their rights, through a loolball project in 10 schools in Kisumu wesl sub county, where there is high HIV prevalence, teen pregnancy and cases of child abuse. The project also addresses student physical and mental health and improves academic results. Ace Africa IUK) Annual Report and Accounts 2023 Mac Bevan Charitable Trust funded the installation of rainwater hatve5ting systems in five iural primary schools enabling 2000 children lo access safe water in Siaya County. Mercury Phoenix Trust funded work with 8,0(K) students, young people, commercial sex workers and populations al risk of HIV. 11 also promoted access HIV education and seNices in Vihiga County- Repeat Ernest Kleinwort Charitable Trust support funded SW young women aged15-24 and 300 men to access sexual reproductive health education and services in Siaya County. Kindernothilfe helped woik with 731 women and their families to improve their livelihoods via a 5ell- help groLJP in Migori County. Shoit term and long-lerm iesearch studies continued, including Positive Outcomes for Orphans IPOFOI111 , SMILE, SAGE and BASIC. These studies are funded by DUKE university and have been approved by Kenya Medical Research Inslilule and National Commission Foi Science, Technology & Innovation in Kenya. Work will lèrget children lacing emotional and mental health issues who have 105t onè or both parents, as well as minorities struggling lo access health care. New partnerships were developed with arts and theatre groups in Vihiga County to use drama to provide HIV education to young people. Ace Africa Tanzania In 2023 Ace Africa Tanzania worked in three regions ofTanzania IArusha, Kilimanjaro, and Mwanza) contributing to the government's development priorities and SDGS. Based on learning from existing projects and government requests Ace Africa contiriued to strengthen ils projects within the following regions.. Cl Arusha region, project activities continued in Longido and Monduli district councils Cl Mwanza region, Ace Africa work continued within the Buchosa District Council,. in13 iemote islands of Lake Victoria, Bulyaheke and Bupandwa wards in Buchosa mainland Projects reached 35,309 new direct and 70,618 indirect beneficiaries with the generous suppoit of Egrnont Trust, The SOL Foundation, Bennell Foundation, AVBD, Beatrice Gilmore Trust, Grace Trust, George Freud, The Colorlul Life Foundation, the Lyon Family, LYON CT-Football league, Big Give, and the Amcomri Foundation. Achievements in three key areas included.. Community health.. 4,180 community members attended awareness events with 2,261 accessing health checkup services including Voluntary Counselling and Testing IVCTI for HIV at OLJtreach events and slrengihening, government MOH systems through training10 new government nurses in anti-retroviral treatment IART) management and 38 community health workers in basic counselling skills. Child development.. 6,150 children and 7,150 community members accessed child rights, wellbeing and protection information through drama, 7,136 children received training in Life Skills ILSI and Sexual Reproductive Health and Rights ISRHRI. In line with these achievements, 20 teachers and10 head teachers were trained in loolball coaching skills, child right5, and proleclio forming 5 new and 5 existing loolball clubs. Community livelihoods.. I new youth and community volunteer support group of 30 community members trained in Village Community Banking and Small Medium Enterprises Ace Africa (UK) Annual Report and Accounts 2023 Work with local govemment, INGOS and local civil society organisations In addition to government departments, key partners in Kenya include the Kenyan Red Cross lo reducejigger infeststion among children and their familie5 increasing theii access lo education and livelihoods, 35 well as arts and theatre groups in V1hig6 County. In Tanzania child development partners included.. Good Neighbors Ischool wellbeing clubs), MalernilyAlrica Imaleinal healihl, Government Social Welfare Ichild rights and proleclionl and the Faraja Centre (Youth empoweimentlln community health, Government DMO/DACC & CHACC (HIV lesling/VCT & general health awareness), Aga Khan IHIV tesling/VCT and general health awareness), ELCT Kizazi Kipya (HIV lesling/VCTI and Plaster House (disability and Irealmenll. In community livelihoods.. Small Industries Development Org Iproduct processing i.e. soap making etcl, Tanzania Food & Drugs Authority, Tanzania Pasloialisl Hunters and Gatheiers Org (community mobilizalion/engagementl and Ministry of Agriculture. Activities in the UK Ace Africa UK was created to raise funds for partnefS1 In 2023 staff and volunteers helped secure sijppoil from trusts/foundalions, majoi donors and countless Individua15 totaling £725,039. Restricted income was £333,238 and unrestricted £391,801. This is a 20 per cent increase on 2022, and reflects holding our fiist in-person fundraising event foi five years- it is the Fiist time in many years that unrestricted income ex￿eded restricted income. Staff12.5ftel underpin and facililale fundraising by working on communications (social media, websile. annual reports, accounts), donor development Iresoarch, rel8lions, proposals, bespoke reporlsl, governance, planning, work with partners, finance, HR and networking with the INGO community. Voluiileers also play a vital iole in fundraising, supported by the above staff- this includes our Patrons, truslees and existing donors who piovide Inlioduclions lo new supporters and run ftJr)draising aclivilies. Their woik in 2023 contributed hugely to our success. In September, we hosted our first major face lo lace fundraising event since the COVID pandemic. This brought together 75 existing and polenlial supporleis and was held al the restaurant of our Patron Phil Howard. It raised £166,351, significanilF surpassing expeclatioris, The Suc￿sS ol the event was linked lo the guests invited, thanks to the work of table hosts, and the high value lols donated / auctioned on the night. Lessons from eailier events significantly reduced costs. ènd income was the $6me as event allended by l(K) more people in 2018. Ace Africa Next Generation. engaging yOLinger philanihropiils, held individval and large scale events, the later organised by the Elon alumni who volunteered in 2014 in their gap year lo sel up a loolball project in Tanzania. They brought togethei 54 players in 8 university football teams raising £13,652 Pi'olessional hJndr3ising capaC￿ty is a major factor delerminiiig lundrai5ing totals lor charitie5 In April 2022 a key sialf member resigned and Wcis not replaced to minimise financial risks. The posl remains vac3nt two years on. Uniquely qualified consultants were Ljsed to fill the gap in capacity ès a short term measufe, with key tasks and oulpuls. Ace Africa IUK) Annual Report and Accounts 2023 Othei individual donors held events and lundiaising activities that raised £7,280. This included lund5 raised in memory of Sarah Byall, who passed away in October 2023. Sarah was an amazing supporter ol Ace lor marly, many years. starling when she lived and worked in Kenya after attending a presentation by our co-founder joe Waddington. She visilod oui projects in remote, hard lo reach parts ol western Kenya and from then on supporting the work of Ace Afric6 became a passion. Not only did sai.ah lundraise, bul she introduced Ace lo IiieiTrds and colleaguès, inspiring them to SLJppoiI the work she believed in. After returning to the UK, and her diagnosis with multiple 5clerosis, Sarah continued to travel to East Africa. And as travel became more challenging she lound new ways lo suppoit U5 3d3pling her wheelchair lo fycle the equivalent ol the London marathon- soThelhing she did loui times, raising thousands in the process wiih the support of her wondeiful friends and lamily. Sarah's extraordinary work a5 a fundrèisei and advocate loi Ace Africa raised hundreds ol thousands ol pounds. Schools continue to be fantastic supporters ofthe charity, including Eton College, who l)osted multiple 5-a-side events raising £4,657. In 2023 18 Twsts and Foundations lincluding corporate Irustsl donated £311,325. This total includes new, repeat and existing mulii-yeai donor51. The majority ol these funds were reslricled funds for specific projects in Kenya and Tanzania (see above section on work supported by the charity in East Alrical. Due to the size of their grants, a small number ol trusts generated the majority of our income. As is the case for all charities, investment in applications can Fesull In lovrf or no ieluin due lo the scale of demand loi these funds, and changes in donor slralegy/priorities and changes of pÈi'sonnel. While this is normBI Ace does not have the resources lo compete in the 'Dpen market. wheie the sector now considers a 10 per cent success rale lo be excellent. In 2023, we focused on existing and previous supporters, where we already have a relationship or link via an existing supporter. To maximise the return on the investment made by the charity, and the donor, in discussing partnerships, we proactively looked lo establish mulii-year funding agreements. This is not always possible bul we had notable successes. We have ic Iso looked lo minimise or eliminate the gap belween reporting on a parlnership and agieeing a new partnership allowing successful work lo continue, when olheTWi5e momentum and staff essential lo a project's success wou5d be losll. Major donors2 (defined hele as giving over £2,500) donated £139,493. The majority ol these donations weie uni'eslricled, giving Ace the respoiisibility to priorilise expenditui'È as il sees lit. Five donors gave in Ihis way in 2023, two increasing their support. One major donor Iwho visited the projects he supports for a second lime in 20231 committed to second year ol support lor dental hygiene project in Tanzania. We continued lo partner with our Patron, André Villas-Boas, with his ch8rity Race For Good, as one ol Iheii Ihiee beneficiaries. This resulted in funding, awaiene55 iai5ing on a global Scale. Our regular giving progarmme, Friends ol Ace generated £9,017 from monthly support. Each donor receives a bespoke thank you, Ihaiiking Ihem loi their invaludble continuing support. 2 We look to meet the Interests and needs ol Individuals and families, which can lead to the suppoil specific projects 01 funding thè charity as a whole. Ace Africa (UK) Annual Report and Accounts 2023 Finally £15,406 was raised lor our Kenyan Pailnei, the Got Malar Community Development Group from a variety olsources- this relation involved Ace Ali ica Kenya. Expenditure Total @xpendilure in the UK and overseas was £739,458. The lolal cost of fundraising was £205,226 Islaffing costs representing the majority of this). Ace Africa (UK) support of programmes in Kenya and Tanzania was £453,9171 £358,538 was restricted and £95,334 unreslricledl. Working with A￿ Kenya and Tanzania In 2023 staff and donor visits, ielurned lo more normal levels, after a break due lo COVID. Togeihei with partners we organised visits by bNO groups ol donors, one lo Tanzania and one lo Tanzania and Kenya. Both were existing donors who provided exliemely positive feedback and confirmed the value of our investment in such visits. In 2023 we hope to host a visit to tho UK by representatives ol Ace Afriu Kenya and Tanzania, to coincide with out 2011, anniversary and allow direct lace-lo-lace conversations by those delivering the woik with both existing and polenlial supporters. 11 will be six years since the last in-person visit lo the UK. IThe majority of the Funding lor such a visit is funded by an existing granll. Governance The charity is recruiting lo replac.e bNO trustees who stood down in March 2023. The Country Director provides detailed quarterly reports lo the Board, and also provides updales between Ineelings. Boai"d members are encouraged to input and support staff in different ways between meetings. Resetves policy Unrestricted reseives are requifed to.. lo ensure conlinuily of the charity's activities and delivery of programmes in Africa in the event of unexpeiled circumstan￿$ or setbacks lo fulfil legal obligations in the unlikely event that Ace Africa (UK) ceases lo operate The target level of reserves is four months of unrestricted budgeted expenditure (covering 3 months operating costs and redundancy). Our ability lo meet this in 2023 was impacted by.. prioritising unrèstricted tunding lo meet neèds in East Aliica as against retaining il lor reserves ieduced lundrèising capacily since Apiil 2022 a continued aversion by lunders lo meeting the lull operating cost ol 3 charity., this include5 being told nol lo include UK costs iri proposals, or having them removed by 3 donor during evaluation. This further reduce5 uni'eslricled funding available for use in East Africa. Reserves are a challenging issue for Ace, 85 for all chai'ilies. Research has shown Ihe international charities lend to have lower levels ol reserves thai) UK focused chaiilies More recently, due in part lo lowei" income due lo the cost of living crisis and incieasing cosls, two fifths ol UK chai"ilies report using their reserves lo cover operational costs J Unrestricted income met urgent rTreeds in East Afric3 that included legal advice and repairs to vehicles. Making funds available loi this Pllfpose. a5 against increasing ieseives, is a decision the charity explains to its donor5 4 https.'Ilwww.bond.or uk/vvp- content/uploads12022Y03/bond_building_lin8ncial_ieserves_lor_resilienLorganisations.pdl https".l/fundraising.co.uk120241011191bNo-lifths-olf haiilie5-using-reserves-asking-lunders-lor-more-help-as-need- cosls-soar/ Ace Africa (UK) Annual Report and Accounts 2023 The closing balance of free reserves increased by 97 per cent to £22,173 an increase possible thanks lo thè success of unrestricted fundraising in 2023 bul below our target. Impioving ieserves remains a Pfioiity, not jusf to promote organisalional stability bul allow us lo work with donors who m8y riot support a charity without salisfaclory reseives. The experience olAce Africa UK ir) 2023 was that, when iaised by one specific l¥usl, the charity's explanation and fundraising plans were sufficient lo secure fLinding. While supporters do not expect their donation lo be used lor this purpose, chaiilies need to be honest about the challenges they lace lo address this issue. One sector proposal was lo ask trusts lo assign a percentage element of their Support lor this purpose. Future plans Ace Africa UK tluslees agreed a fundraising strategy lor 2024 that includes.. a focus on live figure arld a limited number of six figui"e gifts, or events, reflecting our strengths and capacity the necessity ol organisalional slrengtheninglinveslment to maintain and strengthen Ace s services,. donors musl be convinced ol the value of funding the organisalion as a whole. as well as specific projects fundraising being the responsibility ol the Executive., the Boaid does not, and is not expected lo, secuie sigi)ilicanl gifts,. the Executive musl be properly resouiced lor Ace to succeed Our mix olaclivilies includes streains similar to 2023 (see activities above). Because a major in person fundraiser cannot be held again so soon, ie. in 2024, different hooks lo engage and deepen relations with philanthropists are requiied. This includes in person visits to Ace progammes led by our Patron and visits by our colleagues lo the UK, lo meet existing and potential supports. This will be the first such visit since 2018. 11 will be used lo thank, celebrale and lundraise. Most ol the funds lor this visit have already been raised. What kind ol moneywe raise mattels as much as how much we raise Costs we have lo meet lo be a resilienl and reliable partner lor the Lommunities we work with and loi our donors include.. fundraising Ipi"olessiona5 staff to ireale and manage donor partnerships, hold fundraising activities and create fuiidraising/cornmunicalions materia15 like this report) accountability. audit costs, annLial accounts, Meeting the compliance issues oFdonors, banks and charitable auihorities, project monitoring and evaluation experienced and skilled senior managers and leaders in East Africa - individuals with invaluable experience and contacts, without whom our work is not possible and who are in high demand Making the argument for funding of these costs will be key in 2024, using supporters as advocates. This is a quote from businessman, philanthropist and Ace Africa supporter Paddy Burrowes, who explains why he has suppoiled the fundraising cost5 01 Ace Africa UK in recent years. I truly believe that by supporting the costs ol UK luridi"aising l am enabling their partners in East Africa lo increase Iheii. impact on Ihe lives ol children, lamilies and c.ommunitie8. There is an absolute correlation belweeii the quality ol the fundraising operation - Il's people, it'5 inlraslruclure, il's reach, il's efficiency- and the scale and power ofwhal Ace Alrica achieves every day in Tanzania and Kenya Research shows how charilies benefit fvom long lerm, flexible funding, allowing them lo invest in their organisalion, a5 well their progammes 6 hllps'.l/cep.org/th*impact-of-largtruniestricted-granls-on-nonprolits-a-five-yeaf-Vtew/ Ace Africa (UK) Annual Report and Accounts 2023 How money isdonaled matters Social and economic issues in East Africa are deep rooted and hard lo address. Applying every year lo continue successful work is lime consuming and c0511y lor both donors and Ace Africa. Il's diff1cuII lo slop/slarl work. A donoi's systems and processes ale of course defined by them, bul in 2024 we will honestly explain their impact on our work and discuss how improvefflents Inighi be made lo benefit both p8rlneis. Research shows the benefit ol a multi year approach2 We will continue lo advocate for mulii-year agreements. In 2023 land in 2024 to-datel several donors agreed lo mulliye3r projects, or were wiling lo consider an application lo continue successful work alongside a reporl on Ihe previous granl, avoiding any disruption lo the project. In early 2024 a donor changed their funding cycle after we explained over several months the benÈlil lo Ace and the donor. The legacy and impact of colonialism and racism in international development continues lo be debated in the secloi" and Ace Africa UK will hold 119 own inleinal discussions, and conlribLJle lo debates. The Ace Africa model has always promoted the concept ol'locally led. development. This year parlneis, staff, Iruslees and donofs musl continue lo reftecl on.. the long-lerm role olAce Africa UK as UK based INGO lon*lerm how power. and responsibilily move5 more quickly from the north to the south what Funds we try to I'aise in the UK, and how this work is funded Accounting policies A summary olihe principal accounting policies is set out in Note I lo Ihe accounts. Risk Ace Africa UK is accountable lor Ihe use ol funds, raised by us, used by our partners in East Africa. The risks of misappropriation or maladminislralion of fvnds is minimised by formal accounlabilily processes on behalf ol our donors, based on open relations with partners. We receive financial and activity reports (specific to the contracts and related reporting reqLJiremenls of specific donors), and annual audited financial reports. Visits to Ace Kenya and Ace Tanzania by slaFfwill recommenced in 2023. In-country accounlabilily means our partners Boards have primary oversight ol their work, as do local/nalional huiliorities lo whom reports and audits musl be submilled. The challenges ol the funding eco-system common lo all charities in the UK Ihighlighled in the reseNes nd futuro plans section) continue pose a significant risk lo Ace and are hard lo minimise. Thore have been positive signs. A number of key uniestiict&d donors adjusting dfjnations for inflation. Others accepted larger grants in 2023 which look into account the impoct of inflèlion East Africa. Adequate in-house 51aff capacity is an enduring iisk lor all parts ofAce Africa, and we have conlionled Ihis head-on as a specific tunding iequesl15ee lulure plans above). Staff ensure appropriate two way rel8lions with donors (existing and lulurel. are at the heart ol successful ILJndraising. Volunteer led organisalions ale likely lo raise 5ubslantially less. Oui pai"Iners want to undertake work that the UK may not be able to fund. Some years ago, this led lo Ace Africa Kenya engaging inslilulional lunders in Kenya, generating income bul also challenges. ' https'.//www.ivar.OFg.uk/wplnlllg i.'hildren in clitnaie srnart agriiullurdl technique5, Kenya l(Yiprttvino Lhil(J nutrilion. Iraininq 10 t￿lh￿[s. prcylidirg 513rl uii %p(.cJ%Jiid Iruil Ireps. Providiiig HIV. A40S IducBtion & l)rpv(Intion ft)r al 'ri8k' young people, Keiiya.- fr)dut-alion lo Increa5i' access 10 Hiv/AIDs le5tiiiu. IrgaliTl￿.lil aiid CJIL seivicp5. Expanding access lo child PfUtLfti(Jn Kenya.- Iinpiciviiig cliild rigli15 and lTredllh For childreii In Migori arid Ki%uinu. Increasing youih alL￿ss Io SLbxual health Kenya.. bpllpr aci.ps% to Family pl3nDiDrJ and XJxuiJl lipalih so.rviie5 In Sidya Couiiiy Salo w(>ILI in Kenya. access IDwaler, saniloiion Dnol Iiygieiiè, Iiic Yenga PlifDalV sLII()Lil DÈntal hy(Jiene Taniania-. Impirovtr dent31 hedllli/hyglL>ne setvice5 in ruial lacililipsafTrd i)Iiblic &lucalion. (-hild to c.hild C.lubs, 14ig (Jive. Ken￿0 & Tan2ania'. new AceAfrica Scho()I clubs loaddre55 child rights. Communily l-leallh HIV HL(]Iili Se￿ICes Tanzinia.. Iink)iove Ilie Iieaiili wollbeing and econor￿L¢S1atUso1ma3sal w01r￿n Jiiil Ilipii (.Iiildrp.11. ScliuolsWASII Projpr.t. Kenyd iJinw3ler ha￿e.￿tIng In 5 sr.licM)Is Projecl lunding Kpnya & lan7ania general SLipr￿[￿OI(nll Ihrili: Ac.p AlriiB Ihem6lii dfc)as CJpn?ral dcvelopFtiLJnt communily work lanTania.- Nuyporl ol child devolopfflEiit seivice.￿. Sustainable environmeiiial prot£'Llion l aniania i(IflPd%g kii()wlpd9e ol/access Iv susld511able enviroiimeiil31 proleclinn rp.sC)UILI)S 111 Mondiili 111sliirl. AcJrirulture & lood Security. Kenya-. iinprovinq f3finiii(s skills and l(J)d bihC.uiily lor vnunfj ppoF)Ip In M1CJC)11. Nutfilion suppleTnent & trdiiiing. Tdriiar)Id.' 5LJypoII ol w()ITieii lu cleale nulrilional re50]uri￿4 Water, ￿nItalIan & hyqiene, Kenyd kTrlUVISII)li i-ll Saliilary liiwiels, IfL'dliiipnl and prevpntio)ii oljigger inlEflion. Strpiigthening I IIV hpalth 5e.tvices Arusha. Taniania.. Bwarene55 of and accèss lo piwciilioTI seivic?s 101 20,IXN) pwple. Improving livclihood5 foi womeri. Keiiya-. Loriiiriiiiiily Iiveliliood pru4iairiine Io ilMDrovp ecnnon)icap[)i)rliinilies For diSddvdnlaged woiiien in ￿karnega c_ounty. T. Child Developfflent. Kenya & Tanzania.. to Improve the @ducalion. healtli and w•IlL￿Tr.1ng olvulnerablp children 111 Kenya and TJnzaDid 21 Ace Africa (UK) Notes to the financial statements For the year ended 31 December 2023 Movement ofunrestricted funds Brought Forward 01101120Z3 Incorne Expendlture Car¥led Fonward 3111212023 General (und 11,247 391.801 380,875 22.173 Total unrestrlcted funds 11,247 391,801 380,875 22.173 20ZZ Brought Forward oiloV2022 Inrome Expendlture Carrled Forward 3111212022 General Fund 10,178 247.681 246.612 11,247 Total uniestrirted funds 247,681 246.612 11,247 Analysls of net a55ets between funds Fund balancesai 31 D￿rnbef 2023 are fepresenled by.. Unrestrlcted Restrlrted Totals NetcurieniBs5ets/ Iliabilitiosl 22,173 63.155 85.328 Fund balancesal 31 Decernber 2022 ale repre5enlaJ by.. Unresirkted Restrlrted Totals Nelcurrenl a￿ets1 Iliabilitiesl 11.247 88,5(K) 99,747 io Taxation As a charity, Ace Africa IUKI is exempt fvom tax on Income and gains as specified by the Income Tax Act 2007 and 1256 01 the Taxation olchargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the chèrity. Ace Africa (UK) Note5 to the financial statements For the year ended 31 December 2023 Net Income l èxpendlture lor thè year 2023 2022 This is staled after charging Auditor's remuneratioTr- current year Undei provision for previous year 7,2(K) 9(X) 4,500 356 8,100 4,856 12 Employees 2023 2022 Total qross waqes & employer's national insuran 155,366 147,505 155 366 147 505 Staff costs above include remuneration paid lo key management personnel, comprising the UK Country Director, amountlng to.. Average number ofemployees during year The number olemployees whose total employee benefits excluding pen5i9n contributions earning over £60,IXM), classified within bands DI £IO,CW 15 as follows.. 2023 2022 £60.(XMk£69,999 13 Company Limited by Guarantee Ace Africa IUKI is a Company Limited by Guarantee and every Trust& has undertaken to contiibule such amount as rnay be required. not exceeding £10, to the Company's assets shoLJld il bé wound up. The registered office olthe Cotnpany is The St 8otolph Building, 183 Houndsditch. London, EC3A 7AG. 14 Related party transactions There were no othei related party transactions within the repoilinq period other Ace Africa Developing Communities