2024-12-31-accounts - ACE Africa (UK)

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Ace Africa UK Annual Report Ace Africa UK Annual Report & Accounts & Accounts 2024 2024

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Ace Africa Developing Communities

Registered charity number 1111283 Registered charity number 1111283 Company number Company number 04726183 04726183

Contents : Contents:	Page: Page:
Legal and Administrative Information Legal and Administrative Information	1 ]
Report of the T rustees Report ofthe Trustees	2 2
Statement of T rustees R esponsibilities Statement ofTrustees Responsibilities	10 10
Independent Examiner’s Repor t Independent Examiner's Report	1 1 1]
Statement of F inancial a ctivities Statement of Financial activities	1 2 12
Balance s heet Balance sheet	1 3 13
Cash f low s tatement Cash flowstatement	1 4 14
Notes to the F inancial S tatements NotestotheFinancialStatements	15 15

Ace Africa Ace Africa (UK) (UK) Annual Annual Report and Accounts Report and Accounts 20 2024 24

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Charity Name: Charity Name:	Ace Afr ica ( UK ) AceAfrica (UK)
Charity No: Charity No:	1111283 1111283
Company No: Company No:	4726183 4726183
	The charitable company is governed by its Articles of Association The charitable company isgoverned by itsArticles ofAssociation
Registered Office: Registered Office:	c/o Lockton Companies LLP , The St Botolph Building 138 Houndsditch c/o Lockton Companies LLP,The St Botolph Building 138 Houndsditch
	London EC3A 7AG London EC3A 7AG
Operational Address: Operational Address:	c/o Lockton Companies LLP , The St Botolph Building 138 Houndsditch c/o Lockton Companies LLP,The St Botolph Building 138 Houndsditch
	London EC3A 7AG London EC3A 7AG
Trustees : Trustees:	Graham Wood GrahamWood
	Einat Korn Einat Korn
	Duarte Lourenco Duarte Lourenco
Staff : Staff:	David Evans, UK Country Director David Evans, UKCountry Director
	Olivia Jarman, Philanthropy Manager Olivia Jarman, PhilanthropyManager
	Ajay Vasa, Finance Manager AjayVasa, Finance Manager
Independent Examiner : Independent Examiner:	Gravita Audit Oxford LLP — GravitaAuditOxford LLP
	First Floor, Park Central First Floor, Park Central
	40 - 41 Park End Street 40-4] Park End Street
	Oxford Oxford
	OX1 1JD OX1 1D
Bankers: Bankers:	CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19
	4JQ. Barcla ys Bank PLC, Leicester, LE827 AJQ.BarclaysBankPLC,Leicester,LE827

1 ]

and academic results. and academic results. Work Work with the Oak Foundation with the Oak Foundation improv improves es awareness awareness of, access to and quality of of, access to and quality of

1 https://www.ace https://www.ace-africa.org/wp-content/uploads/2025/02/241223-ace-africa-annual-report. -africa.org/wp -content/uploads/2025/02/241223 -ace-africa-annual-report.pdf pdf

2 Professional fundraising capacity is a major factor determining fundraising totals. In April 2022 a key staff Professional fundraising capacity is a major factor determining fundraising totals. In April 2022 a key staff

whole whole .

4 Ace Ace Africa UK’s costs are predominately staffing. These are allocated to reflect Africa UK's costs are predominately staffing. These are allocated to reflect time time spent on specific spent on specific

(i) prioritising unrestricted funding to meet needs in East Africa as against retaining it for reserves prioritising unrestricted funding to meet needs in East Africa as against retaining it for reserves
(ii) reduced fundraising capacity since April 2022 reduced fundraising capacity since April 2022
(iii) a continued aversion by some funders to meet the full operating cost of a charity; this includes a continued aversion by some funders to meet the full operating cost ofa charity; this includes

5 https://www.independent.co.uk/news/uk/politics/charity-closures-oxfam-macmillan-cost-of-living-b2829938.html

(i)

(ii) (iii) (iv)

(v)

21/10/2025

Ace Africa Ace Africa (UK)

(1) (1)accounting accounting records were not kept in respect of the Charity as required by section 386 of the records were not kept in respect of the Charity as required by section 386 of the

(2) (2)

(3)

(4) (4)

Date………………………. Dat@... 30/10/2025 ccc cece eeeeee ees

Ace Africa Ace Africa (UK)

		2024	2023
	Notes	£	£
Current Assets
Debtors	5	15,889	10,518
Cash at Bank and in Hand		82,260	90,190
		102,149	100,708
Creditors: Amounts falling due
within one year	6	(8,573)	15,380
Net Current Assets		93,576	85,328
Net Assets		93,576	85,328
Unrestricted Funds
General Funds	8	8,951	22,173
Restricted Funds	7	84,625	63,155
Total Funds	9	93,576	85,328

Ace Africa Ace Africa (UK)

a) a) Basis of accounting Basis of accounting

b) b) Fund accounting Fund accounting

b) b) Fund accounting Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general
Restricted funds are subject to restrictions on their expenditure imposed by the fund provider Restricted funds are subject to restrictions on their expenditure imposed by the fund provider. .

c) c) Income Income

Donations and legacies are received by way of grants, donations, sponsorships and gifts and is Donations and legacies are received by way of grants, donations, sponsorships and gifts and is
Donated facilities and services are measured on the basis of the value of the gift to the charity, being

d) d) Expenditure Expenditure

Ace Africa Ace Africa (UK)

e) e) Debtors and creditors receivable / payable within one year Debtors and creditors receivable / payable within one year

f) f) Grant making policy Grant making policy

g) g) Foreign currency Foreign currency

h) h) Employee benefits Employee benefits

i) i) Tangible Tangible fixed assets fixed assets

Ace Africa Ace Africa (UK)

2. 2. Donations and legacies Donations and legacies

53 537 7 1 195 95

Ace Africa Ace Africa (UK)

Ace Africa (Kenya) -
Unrestricted Grants 3,134	3,134	-	-	-	-		3 ,134	27,500
Ace Africa (Tanzania) -
Unrestricted Grants 9,738	9,738	-	-	-	-		9,738	37,834
Programme costs paid in
UK - Unrestricted 11	11,251	-	-	-	-		11,251	30,000
24	24,123	-	-	-	-		24,123	95,334
Ace Africa (Kenya) -
Restricted Grants 179,002	179,002	-	-	-	-		179,002	134,181
Ace Africa (Tanzania) -
Restricted Grants 255	255,950	-	-	-	-		255,950	224,402
434	434,952	-	-	-	-		434,952	358,583
Insurance costs		1,551	-	-	-		1,551	1,494
Independent examination
/ Audit fee -	-	3,840	-	-	-		3,840	8,100
-	-	5,391	-	-	-		5,391	9,594
Raising funds Raising funds
Staff costs - 30,000	30,000	17,000	73 212	-	- 30,000	30,000	150,212	155,366
Staff costs - restricted
grants -	-	-	-	-	-		-
Volunteers & interns -	-	-	-	-	-		-	-
Bank charges -	-	-	1,955	-	-		1,955	658
Postage -	-	-	260	-	-		260	405
Stationery -	-	-	351	-	-		351	430
Telephone -	-	-	194	-	-		194	175
Travel -	-	-	1,539	-	-		1,539	5,994
Media Costs -	-	-	1,013	-	-		1,013	15,036
Direct fundraising costs -	-	-	518	-	-		518	2,505
Recruitment fees			320				320
Miscellaneous costs -	-	-	4,143	-	-		4,143	3,095
Professional services -	-	-	20,643	-	-		20,643	40,456
IT & website costs -	-	-	0	-	-		0	284
Support costs allocated to
restricted grants -	-	-	(29,373)	-	-		(29,373)	(19,178)
30	30,000	17,000	74,774	-	- 30	30,000	151,774	205 226
Event Costs -	-	-	-	494	-		494	20,721
Rent -	-	-	-	-	50,000		50,000	50,000
TOTAL 489 TOTAL	489,075	22,391	74 774	494	50,000 30	30,000	666,735	739,458

Ace Africa Ace Africa (UK)

There were no other related party transactions within the reporting period other

Ace Africa Developing Communities