## 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 ]
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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 .
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> 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
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- (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
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(i)
(ii) (iii) (iv)
(v)
21/10/2025
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## 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)
## 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)
## Ace Africa Ace Africa (UK)
> 1.
## 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
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-
-
## 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)
## Ace Africa Ace Africa (UK)
## Ace Africa Ace Africa (UK)
## Ace Africa Ace Africa (UK)
## Ace Africa Ace Africa (UK)
**9.**
## Ace Africa Ace Africa (UK)
There were no other related party transactions within the reporting period other
Ace Africa
Developing Communities