REGISTERED COMPANY NUMBER= 07883925 (England and Wale5
REGISTERED CHARITY NUMBER.. 1147128
RepoRT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR
AFRICAN ENTERPRISE INTERNATIONAL

AFRICAN ENTERPRISE INTERNATIONAL CONTENTS OF THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2023
Pag
Report of the Trustses
Independent Audltors. R8POrt on the Flnancl81 Statements
8-11
Statement of Fin8n¢lal Actlvltlès
Balance Sheet
13
Statement of Cash Flows
14
Not88 to tho Flnanclal Statoments
15-22

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
Th8 Trustees of Afrlcan Enterprise Intematlonal Ith& Charity), who ar8 also dlreclor8 of the Charity for
the purposes of the Companies Act. present their Annual Report together with the Charity's audited
Financial Slaletnenls for the year ended 31 December 2023. We confirm that the Annual Report and
Financial S1818menls of the Charity comply wrth the current statutory reouir8m8nls, the r8quir8menls
of the Charitys governing (lo¢umenl 8nd the provisions of the Statement of Recommended PradiGe
ISORPI, applicabl& lo chanti&s pr8parino their accounts in accord8nc& with lh8 Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edIt￿n October 2019
effective 1 January 2D19.
Obje¢tive5 and actlvitles
Oblectlves and alms for tho publlc berbofit
The obiecliv8 of African Enterpris8 International (referred lo as AE Int8mationall is lo coordinat8
grants that are receive(I frorn supporting partners and to manage their effective distribution to the
ministry projects that are tnanaged by partner leatns within Africa. In addition, the objeGtive5 are trj
provide oversight on good go¥ern8nce for all partners and to enable equity in the distribution of
discretionary funds to partner member5 Within Africa. The trustee5 provide substantial input into the
primary dir8clion and strategy relating lo the manag8m8nt. coordination of activities and focus of the
partnership a5 a whole as well as (leveloping the policies and procedures that govern the
partnership's operation. The Iruslees confirm that they have referred lo the guidance contained in the
Charity Commission'8 general guidance on public benefit when reviewing th8 ch8ri18bl8 comp8nys
aim5 and objectives and in planning its future activities.
Achlevement and P8rformance of Charltable actlvltles
AE Ml881on Fronts
In 2023, th8re was slgnificant achievement In AE Missions. V8rSous Proelamatlon and Soc181 Actlon
missions were successfully conducleLI in all our Teams except DRC. Out of these missions 4,738.508
people were collectively reached and 194.962 cotntnitted their lives to Jesu5 Christ for the first time.
Out of th8 10181 people r8ach8d. 3.520,151 were reached through proc18mation vi8 mas8 m8di8 out or
which 18.836 comrnitted their Iwes to Je5U5 Christ for the fir51 lime.
AE has conlinu8d to employ both Ihe traditional methods for Stratified Evangelism e.g. 'Open airf in
addition lo innovative methods both online based ITV, Radios. elc.) and face to face. The new
m8lhod8 introduced during Covid-19 pand8mic were enhanc8d including Hom8 Based Evangelism
(you visit homes and evangelism through a person known lo the family) and srnall group meetings
called in church pr8mises.

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
AE Ml881on Fronts Icont.)
2023
ir
2022
DeC￿￿jn5 For
Chrfst
4,305
2.014
324
23.858
3,308
9.326
12,895
5.773
14,315
16.250
Number
Reathed
DeC￿￿jns For
Chrkt
Number
Reached
15,504
91,565
8,379
434,605
8,391
330,312
300,879
7,980
368,019
169,868
1.022
1,325
1.737.849
Team
AE DRC
AE Ethiopia
AE Ghana
AE Kenya
AE Malawi
AE South Africa
AE Rwanda
8.220
215,301
373.280
73,403
280.296
3,S96,214
42.968
57,615
1.927
58.894
30.390
4.738.508
179
5,986
80.518
16,754
36.228
16,37a
5.685
6,352
564
6.092
20.231
194.962
AE Tanzania
AE Uganda
AE Zambia
AE Zimbabwe
AE South Sudan
Total
io
li
12
93.148
Love Nalrobl F88tlval
In Seplemb8r171h-171hl 2023. Afrlcan Ent8rprlse partn8r8d with th8 Luis Palau Association to
execute one of the biggest evangelical rllovements in Kenya- The Love Nairobi Festival Mission.
Over 500 laborers in the Lord's vineyard availed themselves frotn all over the wodd. to share th8
g08P81 on the slre8ts. In church88. In door-lo-door mission8. in prisons. In schoo18 8nd 8nywh8re that
the Lord availe(l. This resulted lo 320.968 people being reached with the Gospel message of Je5US
Christ and a harvest of 78.593 dècisions lo follow Chri81.
AE International Instilute of Evangelism IAEIIEI
The AEIIE wa5 officially launched on September 2. 2022 in Lusaka. Zambia Thereafter. an inaugural
training was h81d with 70 participants from 12 tounlri&s where Afrir2n Enterprise has 8 national
presence. The training focused on Christian Educ81ion and Academic Research in Evangelism.
The AEIIE Advisory Board r8soIv8d lo begin the C8rtificate Level training in 2023 that would b8
gligned lo the strategy of equipping the church in Afric8 in evangelism and missions. multiplying local
evangelists acrDSS the continent, and influencing African Theology in evangelistn and missions.
480 key leaders have alr8ady registered from the 12 AE countries within the continent, and intentional
selection has been done lo ensu￿ diversity.
In 2023. through the Institute of Ev¥ngelisrn. Africgn Enterprise trained evangelists. pa51or5 and
church leaders on fortnal methods of disciple tnaking, effeclive evangelism tnelhods, and eftective
mission. both Ioc811y and globally. In 2023, the African Enterprise Inlern81ional Inslilule of Evangelism
graduated over 40D pastors and evangelists in 10 African Gountries.
2. AE Ald & Developmont
2.1 Programs
The Lord en8b18d us lo achi8v& a lot in 2023. We sincer&ly wish to regist&r our appreclation lo our
prayer and financial partners for being part of the difference that African EnlerpriselAEI is making in
Africa's tnission field through comtnunily Iransfortnation.
A nurnber of social action initiative5 were un(lertaken across Africa courtesy of the national team5.
These included Market Bas8d Sanit81ionlM8SI projèct in Rwanda, prostilul&s' r&h8bilit8tion and

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
Slr&el Chlldren Apprentlc&ship ProgramlSCAPI projects in Ghana. Vulnerable woman vocational
skills programs in Nlalawi. Ethiopia. South Africa, Zambia & Kenya. Atlditionally. in Kenya there was
on-going work through construction of a rnatemity wing at a health clinic lo ￿e￿e a slutn cornmunity.
Ugand8 too op8r81ed a community health clinic and ran a vocational skills program for Youth and
Adoles¢ent5 Tanzania ¢arried on with a youth empowerment program while Zimbabwe irnplemented
a Water, s8nilalion & Hygi&n& IWASHI project. South Sudan v48$ able lo r88ch ¢hildr8n in schools
with trauma healing education. Emergency relief coupled with trauma healing ministry was extended
to civil war victitns in Ethiopia and DRC-, just to mention a few in addition to other ongoing projects in
the 12 countries where AE has presence in Africa. Needless to m8ntion. 811 the teams implemented
Community TransformatK>n Group5 ICTGSI a5 a sustsinabilily measure for beneficiaries of Social
actK>n programs. All this was accomplished with support from partners through the support offices and
other international partners.
2.2 Capaclty d8V8lopment
In Sepletnber 2023, AEI conducted a capacity developmenl training for senior leader5 across thè
partnership. Th8 Team leaders, Social action m8nagers. Mission directors and Comrnunicalions
officers rnet in Nairobi, Kenya for training on project tnanagernent and emerging trends in the donor
world in the areas of safeguarding. child prot&clion, monitoring. 8valuatson and learning among
others. Following this training. new template5 were (leveloped for proposal writing and reporting. This
is a step forward towards cornpliance in engaging with government and institutional partners.
3.Operations
3.1 Stratsglc Plan 2024-2028
The 2019-2021 Slr81egic Plan p8riod cam8 lo a close in 2021. The impl8menl81ion focused on 7
focus areas that now form the core of our operations.. Operation5. Stratified Evangelism 8nd
Discipleship, Community Transformation. Transformational Leadership Enh8nc8m&nl, Youth
Empowement. Peace Building and Reconciliation. Capacity Development and Govemance.
The Ch8rily partnership 18 curr8nlly working on a 5 y8ar8' Strategic Plan 2024-2028 for approval by
the Intemational Council in 2025. AEI is registered a5 Charity in UK bul does evangelisrn work in
Africa, currently in 12 countries. Th&s& make th& partn8rship.
3.2 Triennial International Council IICI
AEI h051ed Ihelgst IC meeting in September 2022 in Lusaka Zarnbia.
The IC is African Enterprise's lop decision-making organ. meeting once every three years lo review
prog￿SS and chart the path for the ministry in the th￿e subsequent years. In 2022. the thetne of the
IC was "Holding True and Pressing On". Philipp18ns 3.'13-14 and emphasised on the following critical
issues..
Inspiration and Authority of the Word of God.- It Is critical that we hold true to the inspiration and
authority of th8 Word of God, lo th8 Lausanne Covenant as our conststutionally enshrined
Statement of faith. to the centrality of preaGhing Christ as Saviour. Lord and friend and lo the full
demands of Christian di$cipl&ship.
C811ing to th8 Cit188 of Afric8'. We musl also hold true to our calllng to the cities of AfHca which
now number 400 Now with the population of Africa being 1.3 billion ¥vith 650A of the population
under 25 years, this presents a challenge of tnonutnental proportK>ll5 because Africa is going to
b8 the fulcrum of Vvorld Missv)n.
Pressing On." We tllUSt therefore pre55 on to deepen and extend the work. This must mean new
teams in various places around the conlinenl. It musl mean a str8nglh8ning of all the support
offiGes and establishment of suGh office5.

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
Th8 concluslon of the IC was formulauon of resolutions that will guk18 the organizatlon for tht ntxl 3
years.
The Intemational Council is the top organ of the organizalion which m88ts onc8 every 3 years. During
the period it's not meeting. the International Board is mandated to make all decision5.
3.3 Flnanclal Revlew
Flnanclal revlew
As evldèncèd in the foures shown in the financial statem8nts of thèse accounts, thè financk81 year
2023 saw our charity end in a comfortable posilion.
There w88 8 n81 deficit of $118,500 during the y8ar. Whereas we r8C8IV8d total incom8 of 1,770,145
we incurred expenditure of $ 1.888.645. The nel deficit of $118.500 incurre(l (luring the year 15 ma(le
up of restrictèd funds decre8s& of $123,396 and Unrestr￿l￿d funds surplus of $4,896.
The reductK>n in restricted funds of $123.396 is mainly accounted for by a decrease of $32.11217%1
In income for M188ion and ministry support from $463,454 In 2022 10 $431,342 in 2023. Furth8rmor8,
expenditure on Mission and rnini51ry support increased by $48.14318%1 from $607.840 in 2022 to
$655,983 in 2023.
There was also a reduGtion of income for foxfire5 by $69.650184%1 from $82,789 in 2022 to $13.139
In 2023.
The total funds carried forward decreased lo $119,487 from $237,987 in 2022. This is tnade up of
unr8stricl8d funds of $43.857 and restricted funds of $75.630.
Th8 current In Income of $1,770,145 18 higher than the previous year of $ 1,634,195 with an Increase
of $135.950-18%1. Income is solely rnade up of donations and legacies with funders generally
responding in an exemplary tnanner to the detnands of the tninistry. to ensure that we were able to
carry out the m8nd81e of Afric8n Enterpris8 Inl8rnalional.
Expenditure for the year increased by $218,722113%1 from $1,689,873 in 2022 to $1,888,645. Thls is
mainly expenditure on charitable actwili85.
Rosor¥88 poIIcy
The trustees aim is to maintain reserves in Unre$trictÈd Funds that will be Sufficient to cover the
operational costs of the organizalion for a p8riod of 60 d8ys or more. Tha Irusl888 recognize that the
level of funds received is dependent in turn on the fundraising effort5 of partner5 rather than the d1￿ct
fundraising efforts of the organizalion itself and that the flow of funds can be variable.
The balance of Unrestricted Funds increased by $4,896-113%1. from $38,961 as at 31st December
2022 to US $43.857 as al December 2023. This Is mainly because of Increase in income for Missions
and Ministry support by $ 114,176-124Vol from $472.188 in 2022 to $ 586.364 in the Gurrenl year
However, 8xp&ndilur8 of unrestricted funds increased by $35.326-16%1 from $545,142 In 2022 to
$581.468 in the current area.
The Ch8rily is committ8d lo building the reserves to US $200.000 in five years. This will b8 done by
annually budgeting for the re5enfe5. specific fundraising for the same and through expense control to
98ner8te savings. In ih8 budg&t for 2024. Ih&r8 is a commilmènl lo raisè $120,000 to achieve th
tsrgel.
May the gr8c8, favour, falth In, love and powor of God contlnue to upllft AE to gr88tsr helghts.

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
2.6 Structure, governance and management
GovgrThing docurnent
The charity is constiluled as a company limited by guarantee. as defined by the Companies Act 2006
and 15 hence controlled by its Articles of Association.
Rgcruitment and appointment ol new trustees
Under the Memorandum and Articles of Association and the by-laws of African Enterprise
International. tnost trustees are drawn frotn mernbers of the African Enterprise International Council
IICI which Is 8 group of compan188 th81 have sign8d the Cov8nanl of Partnership ICOPI and is the
body thal appoints the trustee5 each three years. The IC determines the composition and
metnbership of the International Board Trustees at ils triennial Tneeling. At present trustees a
appointed for a three-year term 8nd m8y not serve more than Iwo consecutive terms. The
appointtnenl of Iru51ees belween triennial IC meetings need5 to be ratified at the next IC meeting.
The triennial rneeling. hereby referred lo as International Council IICI look place in November 2019 in
Kigali- Rwanda and new trustees were appointed and the next one took place post year end in
Sepl8mb8r 2022 In Zambia.
African Enterprise Intamallonal is a company limlled by guarantee with the r@gist8red company
number 07883925. It is registered as a charity (Charity Number 11471281. The conslilulion of the
partnership provides for a triennial council tnade up of representatives of all the metnbers of the
partner organizalions both within Africa and outsid8 Afric8. Each partn8r organizalion has signed th8
COP. The representatives of the partner organization are a5 defined in the by-laws of the Company
and they approv& the appointment of Iru81ees each three y88rs. The make-up of the board is set out
in the constitution. The board cornprises two mernbers who represent partners within Africa and two
who represent partners outside Africa. In addition, there are two independent directors. the treasurer
and the chairman. Th8 company Secretary may attend b08rd meetings as a non-voling m8mb8r. The
International Team Leader IITLI and the founder of the organization are a150 ex-officio attendees.
Non& of the trustees is remuneral&d.
Induction and training of new trustees
African Enterprise Intemabonal considers carefully the induction of new Iruslees 8nd ha5 prepared a
board m8nu81 for new and existing trustees. Documents provided to incoming trustees comprise the
following..
History and Ethos of Organizalion
Memorandum and Articles of Association and Covenant of Partnership
Personal Basis of Belief
4. Organiz81ion's S181em8nt of Faith ILau8anne Covenantl
5. Trustee5 Legal Responsibilities
8. Trust888 Re$ponsibilit188 to AE
7. Partnership Policy and Procedure5 Manual
Current Statutory Accounts
g. Current Management Accounts
Trust888 ar8 advised to read through the mat8rlal thoroughly prior lo slgning the cons8nt to act as a
trusteo.
Wldor network
The IC r8pr8s&nt8 the widèr partnership, effectivèly the stakeholders and, in accordance with the by-
laws of the company. they have the right lo remove trustees and to appoint new trustees. The

AFRICAN ENTERPRISE INTERNATIONAL
REPORT OF THE TRUSTEES-YEAR ENDED 31 DECEMBER 2023
trust888 may appolnt new trustees between each t￿enn[al meetlng. Trustees appolnted In this way
neeLI to be reappointed al the next tri8nnial IC meeting.
Rlsk manag8m8rit
The tru$te8s have consid&r&d th& major risks lo which IhÈ charity is &xposed. The charity curr&nlly
does not actively seek direct funds from donors but receives funds from members of the partnership
outside Africa and prirnarily distributes funds to other tnernbers of the partnership.
The charity doe5 not un(lertake the investment of fund5 that il hold5 and therefore is not exposed lo
markèt fluctuations. It opÈralÈs both incomè and èxpenditure primarily in US dollars and accordingly
has minimal exposure lo currency fluctuations. The trustees believe there are adequato controls in
place in managing finances.
Reforenco and admlnlstratlon deta115
Registered Company number.. 07883925 (England and Wal881
Registered Charity number.. 1147128
Registered office".
6 Trull Farrn Building5
Trull
Tetbury
England
GL8 8SQ
TN8tee8
The trustees who held office during the year were".
A Rutsyisire
G Masalakulangwa
O Ochieng
R Chokhotho
NAAmoo
C Kivengere
W Herman
D Ralph
Company Socr8tsry.' the Trust Partn8rship Ltd
Independent Auditors=
Reza Motazedi and Co LLP
Chart&r8d Accoun18nls
7 Bell Yard
LONDON
WC2A 2JR
The truste&8 (who are 81s0 th8 dir8clors of African Enlerprlse Inlemalion81 for the purpos88 of
company lawl are responsible for preparing the Report of the Trustees and the financial slatements in
accordance with applicable law and United Kingdom Accountin9 Standards (United Kingdotn
G8nerally Accepted Accounting Praclicel.
Company18w r￿Uir88 the trustees to prepare financial stat*m&nls for each financial y88r which glvt
a true and fair view of tha slate of affairs of tho charitable company and of the incoming resources

AFRICAN ÉNTERPRI6E IMTeRNATIONAL
IIEPORT OF TIIE TRUSTEES- YEAR ENDeD Ji DECEMBER Z123
•nd wpIK4¢knn ol rqwurt••. h¢ludlng th• Inc￿• ?Ip•ndiiur•. ollho ¢h•ihBbl• c¢mpAny foTlh•t
g•l•¢t acC￿n11n9 polkles And IhBn apply ihvm ¢On¥￿IentsY'.
ob￿[¥• lh• m8ihods princ&p￿8 In Ihg Chttfiiy SORP",
m•k• iudgMn*nts e$llm810s thlli ftrq rea*ona>l• •nd Pfud•ni'.
pr•pNrn th• fin$nci81 slAlemenlS on tho goino COn￿M bth•l• unl•ts$ 4 li Inbpproprwto ￿ pr•sfft•
th• ch•r￿•￿¥ comp•nY￿*￿tru* kn busln•M.
Th• w*¢e•B r•spon$lb10 fot kewing proper Accounllng recttrds whlrh dbckis• r?8SQh8bl
•cGur4ty Ji •ny time Iho finofiual POBil￿n of itt• ¢tt4riiab1• company lo ènwbl• thqm lo en5UW•
Lh•l lh• nt14n¢lil ii•i•meni? ctyTrplywllh Ihe CornpaDl•& A¢1 2006. They •ro thlso rè5pontsib* for
8ofo0tr•￿1rtg Ihfr 88S•ts ol Iho ¢hafli8b16 compBny Bnd heD¢• lor ro860nabl8 61èPS forth•
prnwon￿￿ and doiedlon of Ir8ud and olh•r irngul•rtl108.
f8ro9 thB InJ51é&5 are Bw810.
thofe no ra*V3rtt aud￿ InlemiAibn olwhlch the ¢hariiable tOmpan￿8 exomin*r is unaw8re.' and
tm trusi•es h&ve token all $18p$ Imal ih•y oughl iake¥s to mDk¥ thqmselv85 awaro 0¢ any
r•t*¥#ni •udlt Inform8iion and to estaDVtsh thal the èxamher ￿ Jwarfj of Ihal Inlomatknn.
Apprnvod byorder ol the b08rd oi vusiees and ¥lgned by..
4e
D•t•'.
31/¥y/kn¥

AFRICAN ENTERPRISE INTERNATIONAL
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE CHARITABLE COMPANY
I'THE COMPANY'I-YEAR ENDED 31 DECEMBER 2023
OPINION
We have audited the financial staleTnents of African Enterprise Intemational (the Charityl for the year
ended 31 December 2023 comprising the Statem&nt of Financial Activities, Balance Sheet, Sl8lement
of Cash Flows and the relaleLI notes. incluLling a surnrnary of the significant accounting policies. The
financial ￿porting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standard8. including FRS102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland. (United Kingdom Gener8lly Accepted Accounting Praclicel-
In our opinion the financial statements..
give a true and fair view of the stste of the charitable companls affairs as at 31 December 2023
and of ils incoming resources and application of resources, including its incotne and expenditure
for the year th8n ended..
hav8 been properly prepared in accordanc8 with United Kingdom Generally Acc8Pt8d Accounting
Practice.. and
have been pr8p8red in accordance with the r8quirem8nls of the Companies Act 2006.
BASIS OF OPINION
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our respon8ibilitl88 under thos8 stsndard8 8r8 further d88cribed in the Auditols
responsibilities for the audit of the financial $18lemenls section of our report. We are independenl of
the charitable company in accordance with the ethical requiremÈnlS that are rÈlÈvanl to our aijdit of
the financial slalemenls In the United Kingdom. Including the Financial Reporting Council's Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We b81ieve that the audit 8vidence we hav8 obtain8d is sufficient and approprfate to
provKle a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the f1nancial statements, we hav& concluded that the Trusle88' use of th& going concern
basis of accounting in Ihe preparation of the financial 51aleMenls 15 appropriate. Based on the work
we have perfortned," we have not identified any tnalerial uncertainties relating to events or CDnditions
that. Individually or collectively, may cast significant doubt on the ch8ri18ble company's ability to
ontinue as a going ¢onGern for a period of at least twelve tnonlhs from when the financial 51alernents
are authoris8d for issue. Our responsibilllies and the respon8ibillti88 of the Trustees with r88pect to
going concem are described in the relevant soctions of this report.
OTHER INFORMATION
The other information comprises th8 information included in the Annual R8POrt oth&r than th8 financial
statements and our Auditors, Report thereon. Tho Trustees are responsible for the other information
contained within the Annual Report. Our opinion on the financial statements does not cover the other
information 8nd, except lo th8 exlenl otherwise explicitly slated in our report. W8 do not express any
form of a55ur8nce conclusion thereon. Our responsibility is lo rea(1 the other information 8nd. in (loing
so. consider wh81hÈr thÈ other information is materially inconsisiÈni wilh tht financi81 slalèmenls or
our knowledge obtsined in the course of the audit. or otherwise appears lo be materially misslaled. If
we identify such rnaterial inconsistencies or apparent material tllis51alemenls. we are required to
determin& whether this gives to a m818rial mi8slalemenl In the financial slal8m8nls Ihem881ves.
If. based on the work we have perforrne(l. we conclude that there is a material misslaternent of thi5
other information, we are reqUi￿d to report that fact. We have nothing lo report in this regard.

AFRICAN ENTERPRISE INTERNATIONAL
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE CHARITABLE COMPANY
I'THE COMPANY'I-YEAR ENDED 31 DECEMBER 2023
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion. base(l on the work un(lertaken in the course of the audit..
the information given in the Trustees, Report for the financial year far whiGh the financial
slal&menls are pr&par8d is con81Stenl with the financi81 stat8m&nl8.
the Truste&s' Report has been prepared in accordance with applic8b18 legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understsnding of the charitable company an(1 it5 environment
obt8in&d in the course of the audit, we h8v& not identified material mis81alements in the Trusl&&s'
Report.
We hav8 nothing lo r8POrt in respect of the following mallers in relation to which Companies Act 2006
requires u5 to report to you if. in our opinion.
adequate acGounting record5 have not been kept. or retums adequate for our audit have not been
recewed from branches nol visit8d by us", or
the financial slaletnents a￿ not in agreement with the accounting rÈcor(Is and ￿tUM$,. or
certain disclo5ure5 of Trustees, remunerations specified by law not m8de.' or
we have not received all the Information and explanations we require for our audit.. or
the Truste8S Were not 8nlitl8d lo prepare th8 fin8ncial slalem8nls In accord8nce with the small
companies regime and tske advantage of the small comp8nies' exemptions in preparing the
Ttustee5' Report.
RESPONSIBILITIES OF TRUSTEES
As explained rnore fully in the Trustees, Re5pon5ibilitses Slaternent. the Twstees (who are also the
directors of the charity for the purpose5 of company lawl are responsible for the preparation of the
financial statements and for being satisfied that they give a triJ8 and fair view. and for such internal
control as the Trustees (letermine is necessary lo enable the preparation of finan￿al 51alernents that
are fr88 from material misstatement, wh8lh8r du8 lo fraud or 8rror.
In preparing the finanGial 51alements. the Trustees are responsible for assessing the Gharitsble
company'8 ability lo continu& 88 a going concern. disclosing, as applicable. matt&rs r&laled lo golng
concern and using the going concern basis of accounting unless the Trustees either intend to
INuidate the charitable companys or to cease operations, or have no realistic altemative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE ALIDIT OF THE FINANCIALSTATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole
are free from material misstatement, wh8lh8r du8 lo fraud or 8rror, and to Issue an Auditor's r8POrt
that inclu(les our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee
that an audit conducted in accordance with ISA5 IUKI will always detect a material tnisslalement
when il exists. MIs818lem8nls can arise from fraud or error and are con8ider8d m81eri81 If. Individually
or in the aggregate. they could r8a8on8bly be expected lo influence the economic decIs￿nS of users
taken on the basis of these financial statement5.
Irregularitie5, including fraud, are instances of non-compliance with law5 and regulations. We design
procedur88 in line with our responsibilitl88. outlined above. lo delecl material misstst8m8nts in
respect of irregul8rilies. including fraud. The extent to which our pro¢edure5 are capable of detecting
irregularities, including fraud is detailed below.

AFRICAN ENTERPRISE INTERNATIONAL
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE CHARITABLE COMPANY
I'THE COMPANY'I-YEAR ENDED 31 DECEMBER 2023
Our approach to identifying and assessing the risks of rnaterial rni5StateTnent in respect of
irragulantl8s, including fraud and non-compliance with laws tnd regulation8. w88 as follows..
the engagement partner ensured Ihal the engagement team collectively had the appropriate
ompetence, capabilities and 5ki115 10 identify or recognise non-Gompliance with appliGable laws
and regulaiions.,
w& idenlifi8d th& laws and r&gulalion$ applicable to th8 company through discussions with
directors and other management. and frorn our commerci81 knowledge and experience of the
charity sector-,
we focused on specific laws and regulations which we considered may have a direct material
effect on the financial statements or the operatlOn5 of Ihe cotnpany, includiTrg the Charities Act
2011 and dal8 prot8clion, anti-bribery. employmant and health and safety18gislalion,'
8nlified laws and regulations were communicated within the audit team regularly and th8 team
remained alert to instances of non-compli8nce throughout tha audrt.
We ass8ssed th8 susceplibilily of th8 company's flnanci81 statem8nts lo material mSsstat8ment,
including obtsining an understsnding of how frauLI mvjht occur. by..
making enquiries of tnanagement as to where they considered there was susceptibility to fraud,
their knowledg8 of actual. suspected and alleged fraud.. and
Considering the internal contro15 in place to rnitigate risks of fraud and non-compliance with laws
and regulations.
To address th8 rlsk of fraud through management bias and ov8rrld8 of controls, w8..
P8rform8d anal5rtical procedur88 to identify any unusual or un8XP8cled r81alionships.,
t8818d journal entries to Identify unusual Iransactbns.,
assessed whether judgernents and assumptions made in determining the accounting estimates
wer8 indicative of polentsal bias.,
Snvesugated the ratbnale b8hind $Sgnificanl or unusual transactK>ns-,
In response lo the risk of irregularitie5 and non-cotnpliance with laws and regulatK)ns, we designed
procedure8 which included. but were not limited lo..
agreeing financial st81emenl disclosures to underlying supporting documenlalion..
reading the minutes of me&iings of those charg8d with gov8rn8nc&-,
enquiring of tnanagetnent as lo actual and potential litigation and claims.,
reviewing correspondence rnade available to US such as that with ￿levant regulator5 and the
company's 18gal advlsors.
There a￿ inherent limitations in our audit procedures described above. The rnore retnoved that laws
and regulations ar8 from financial Iransaclions. th8 less likely It 18 that we would becom8 aw8r8 of
non- compliance. Auditing standard5 also limit the audit procedure5 required lo identify non-
compliance wilh18W8 and regulaiions to ènquiry of the directors and other management and the
inspection of regulatory and legal correspondence. if any.
Material misslal8m8nls that arise due to fraud can be harder lo d818ct than th088 that arise from 8rror
5 they may involve (leliberate concealment or collusion. A further description of our responsibilities
for the audit of the financial 5talementS is located on the Financial Reporting Council's ¥vebsile al..
www.lrc.or
.ukl3udilors responsibilities. This description forms part of our Auditors, Report.

AFRICAN ENTERPRISE INTERNATIONAL
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE CHARITABLE COMPANY
I'THE COMPANY'I-YEAR ENDED 31 DECEMBER 2023
USE OF OUR REPORT
Thi5 report 15 ma(le solely lo the Charitable Company'5 rnembers. as a body. in a￿Or(lanCe with
Chapter 3 of Part 16 of th8 Comp8ni88 Act 2006.our audit work has been undertak8n so that we
might slate lo the charitsble companls members those rnatters we are required to slate lo Ihern in an
Auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or
a88um8 responsibility to anyone other than the charitable company and Ils m8mb8rs, as a body, for
our audit work. for this report. or for the opinions we have forme(I
Slgned:
R8za Motazodl IS8nlor Statutory Audltorl
Reza Motazedi aThd Co. LLP
LONDON
Date=
31.5.2024

AFRICAN ENTERPRISE INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES- YEAR ENDED 31 DECEMBER, 2023
Ilncorporating income and expenditure attourbti
Unrestrlcted
funds
USD
2023
Rostrlcted
funds
USD
Total
fuThds
USD
2022
Total funds
USD
Notes
Incorne from..
M18sion. Ministry Support and Other
Aid & development
Foxfir88
Total Income
586,384
431,342
739.300
13.139
1.183,781
1,017,706
739,300
13,139
1,770.145
935,642
615.764
82.789
1,634,195
586,364
Expèndlture on:
Mission. Ministry Support and Other
Aid & developtnent
Foxfires
Team support costs
Foun(lerfs (lepartment
ITL department
Communi¢ation5 department
Total Expendlture
655.983
607,867
43.327
655,983
607,867
43,327
319,135
15,600
197,908
48,825
617.078
481,449
35.442
328.754
16.175
161,728
29.247
319.135
15.600
197,908
48.825
581.468
1,307,177
1,888,645
1.669.873
Nèt movement In funds
4,896
-123,396
-118.500
-35,878
Totsl fund5 brought forward
Total funds carried forward
16
15
38.961
43,B57
199,026
75,630
237,987
119,487
273,665
237,987
The Slalement of Financial Activities includes all g8ins and105ses recogni5ed in the year. The note5 on
pages 15 10 22 fomi part of the financial Statements.
12

AFRICAII ENTERPR15È INTEHNATIONAL
XIOI¥TtIllD COllPAt+Y NUMOQR.. O711J•26
iIALANCe oprEeT- at DECEMBeR W23
u￿r•￿IfIe1•d
I￿nd*
2123
R••trlct•d
fynd•
UOD
Totil
lund•
uso
TOt*l
USD
C•&h M bHnK gr￿ In
0oblQfS
Yotsl ¢uir•Tht ••••t
12
14
43.857
129.728
17J,SO5
291.￿7
43.8$7
t29.728
t73.5B$
291.INJ7
Creortars. #moufils t?Msn9 du•￿ib
13
54.098
54.098
Sd.09•
53.020
$3.020
54.098
43,B57
75.63
110.467
237.g87
F￿Thd$
Uhrn$trtct•LI
R•*tt+¢ièd fund
43,857
4J,9S7
75.530
119,487
38,961
195.026
237.507
75,630
75,630
T•tal lund•
43.8S7
The Trn81•e$ ihelr Iispon$iblllt*s foi Compl￿n0 whh requtrimgn￿ ol th• Act *lth
iespeci ré¢pid$ piepaiutsn stst0rn•nis.
Th4$e nnBncial S￿L*M￿nIS have b¢*n pr•paT•d ITr aGcoiaAnce Wllh the P￿>v￿lon$ •pplkJb￿ la thdfiLA￿e
ompanK?s sub￿ClI￿t￿e small Compan￿￿. ieoime.
Th•so fin&ncl•l $k￿rne￿I￿ wer8 &ppitsved and auknDn5ed Lsyw bythe Board ol and waro 519nfjd
OD lis behall by_."
D•t•:
/itya/
ThE OTr pBgèi 15to purtatth8 finBnchylAl&i•mOnti.

AFRICAN ENTERPRISE INTERNATIONAL STATEMENT OF CASH FLOWS- 31 DECEMBER 2023
As rostated
Cash tlows from operating actNlties:
Notes
2023
2022
USD
USD
Balance for the year Ipage 121
-118,500
-35,678
Adjustments for...
Exchange drfferences
Working capital change5
IDacrea8eylncrease in creditors
412
-21.159
1.078 -181.416
Total cash genorat8d from operatlons
.117,834 .238,253 999
Cash and cash equivalents at the beginning of the reporbng
period
Exchang& dlft8r8nc88
Increase in cash and cash equwalents
291.007 508,101
412
21,159
-117,834 -238,253
C88h and cash 8qulv8lents at th8 end of th8 reportlng perlod
173,585 291,007

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-31 DECEMBER 2023
ACCOUNTING POLICIES
lal Basls of preparlng the finan¢lal statements
The financial statemenls of the charitsble cornpany. which 15 3 public benefit entity under FRS 102. have been
prepared in 8ccordÈnce with the Charitiès SORP IFRS 1021'Actounling and Rèporting by Charities". Statement
of Recommended Practice applicable to ch8rilies preparing their accounts in 8ccordanc8 with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectDie 1 January 2D191'.
Financial Reporting Standard 102'Th8 Financial Reporting Standard applicable In th8 UK and Republic of
Ireland, and the Companies Act 2006.
Tha accounts have been prepared on the going concern basis which assumes that the charitsble company will
continue in operational existence for the foreseeable future. The validity of thi5 assumption is based on the fact
that the charity only dislribules grants to partn8r projects in Africa after it has r8c&ived funds from ils supporting
partners. In addition, the charity h8s very little by w8y of overhead costs antl Ihe5e are also Met from the funds
from supporting partners before remillances are made to the partner projects in Africa therefore it is appropriatè
for the financial ststemenls lo be prepared on the going concern basis.
The charlty meets the deflnilion of a publlc beneflt entity under FRS 102. Assets and Ilabilitl88 ar& initlally
recognised al historic cost or transaction value unless otherwise ststed in the relevant accounting policy.
Ibl Income
All income 1$ recognised In the Statement of Flnancial Aclivfties onc8 the charity has entitlement to the funds,
is probable that the income will be received. 8nd the amount can be measured reliably. Any funds not ulilised
during the year is deferred lo subsequent year.
Icl Exp8ndlture
Liabilities 8r8 recognised as expenditure as soon as there is a legal or conslwcliwe obligalion committing tho
charity lo that expenditure. il is probable that 3 transfer of economic benefits will be ￿qUired in settlernent and
the amount of th8 obligation can be measured reliably. Expenditure 18 8ccount8d for on an accruals bas18 and
ha5 been clas5ifie(l un(ler hea(ling5 Ihal aggregate all cost related to the category. Where costs cannot be
directly attributed to Particular h&adings, thèy have been allocated to activities on a basis consistent with thè use
of resources.
Grants offer8d lo AEI sublecl lo conditbns whlch hav8 not b88n m81 at th8 year-8nd date 8r8 noted as a
commitment but not accrued a5 income andlor expenditure.
Idl Credltor8
Th888 are recognised In the books when Ih8r8 Is a contractual agr88menl 8ndlor goods have been d8liv8r8d or
services rendered.
Debtors
The Ch8rily depends on donatlons from supporters. R8ceivab18s ar& r&cognls8d when there are evldence funds
have been wired but have not been credited into the bank account.
15

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-31 DECEMBER 2023
ACCOUNTING POLICIES . Continued
Charitable actlvlt185
The charitsble companvs principal aclivitie5 are as follows..
M1881on & Mln18try
Th18 consists of support towards missions that ar8 held acros8 Africa by the partners in the 12 teams in
Africa who are part of the p8rtnership. These missions use an appro8ch called slralified evangelism
where each 5trala of society within a city has a focused reach out. In additiDll. funds tnay go towards a
major mission In 8 city that Is strategic 10 8 country or region and Is usually outside the national
boundaries of partner team5. In recent years these tnis5ions have included Bujumbura in Burundi and
Juba In South8rn Sudan. Monrovia in Liberia and Maputo in Mozambiqu8. Fund8 go lo directly support
missions and in addition the staff that go on rnission or provide the necessary infra51ruclure to assist
teams in going on mission. Ministry also covers Peacebuilding exercises Within countries and youth
evangelism.
ill Aid & development
This consists of support for a range of socially focused projects covering community needs. Example5
would include programs for the r8h8bilitslion of proslilut8S. 8kills training to assist In running a small
enterprise. primary health clinics including immunization programs and water and sanilalion projects
within very d8priv&d communitiès.
gl
Governance costs
Thi5 consi51s of all legal and other costs connected to the chari18ble company meeting its ststulory governance
obligations and includes the annual audil fee and the costs associal&d with the
meetings of the intematsonal board of Iruslees Idirectorsl.
Taxatlon
The charty is exempt from corporation lax on its tharilable activiti88.
Fund accountlng
Unreslricled funds can be used in accordance with the charitable objectives at Ihe discretion of the
trustees.
RestriGted funds Gan only be used for partiGular restricted purposes within the objeG15 of the Gharity. Restridion5
ar188 when sp8cified by the donor or when funds are raised for partlcular r8slrlcted purp08es.
Monies received by the charilable cotnpany a￿ rnainly restricted by both activity and country where the tnoney
18 lo be spent. The restrictions 8pplied are always fulfilled bul in order that the fund r8POrting is not broken down
to an unhelpful level of detail the restricted funds have been identified at a Gounlry level only.
Forelgn currency
The Charity's functional and pres8nlational currency is USD.
16

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TOTHE FINANCIAL STATEMENTS- YEAR ENDED 31 DEceMBER 2023
2. Incorne as analysed per activity
2023
USD
1.017.706
739,300
13.139
2022
USD
935.642
615.764
82.789
Mission. Ministry Support and Other
Aid & development
Foxfires
Total Incom8
1.770,145
1.634,195
Aid and d8v&lopment includ& funds id&nlrfied for third parties. S&& note 10 for a brèakdown of incomlng
resources by donor country.
Charftable actlvltles costs
Support Go$ts
INote 51
USD
Charltable actl¥ltl88 C08t8
Dlrect Costs
Totals
USD
LISD
Mission. Ministry
Support and Other
Aid & development
Foxfire5
T8am support costs
Founderfs department
655.983
655.983
607.8f 7
43.327
319.135
15.600
607.867
43.327
319,135
15.600
ITL department
CommunicatlQll5 department
197,908
197,908
48.825
48.825
Total cost5 in 2023
1.839,820
48.825 1.888.645
Total c08t8 In 2022
1,840,626
29,247 1,669.873
Grants payable
2023
USD
2022
uso
The totsl grants paid lo institutions during the year was as
follows..
Aid & development13rd party grants)
Support costs
Managornent
C08t8
Flnance
Governanco
cost8
CO8t8
Totsl8
USD
USD
uso
USD
Mission. Ministy Support and
other
26.991
6.256
15.578
48.825
Total support costs In 2023
26,991
6,256
15,578
48,825
Total 8UPPOrt C08ts In 2022
17,943
7,229
4,075
29,247
17

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-YEAR ENDED 31 DECEMBER 2023
Balance I Ideficitl
Met incofflellexpentliturel is slated after chargingllcreditingl..
2023
USD
8.500
2022
USD
Auditors Remuneration
9.000
Tru$t888' r•muneratlon and ben•flts
There were no trustees, retnuneration or other benefits for the year ended 31 Decetnber 2023 nor for the year
ended 31 December 2022.
The board of trustees is made of a numb&r of individua18 from various countri88 and when th& board meet th&
costs of travel. accornmodalion and subsistence are mel by the charitable company. Board meeting in 2023
were all online.
Key management personnel are those persons having authority and responsibility for planning. directing and
controlling the activities of the Charity. They consist of the International Team L&ad&rlCEO, the Int&rnational
Missions, Director. and the International Operations Manager. The aggregate cost of K8y Management
Retnijneralion was $203,93412022- $185,314).
2023
2022
USD
251,404
Staff costs
USD
260.651
Wages and salaries
The averag8 monthly number of employees during the year was as
No employees receive(l ernolumenls in excess of $80.13612022- $80,136).
Statement of Flnanclal Actlvltl88 for yoar ended 31 Docombor 2022
Unrestrlcted
funds
R68trlct8d
lunds
Incorne
Total funds
USD
472.188
uso
463.454
615.764
82,789
USD
Mi55i9n. Ministry Support and Olher
Aid & developtnent
Foxfires
935,642
615,764
82.789
Total Income
472.188
1.162.007
1.634.195
Expondlture
Mission. Min181ry Support and other
Ald & development
Foxfires
9.238
607,840
481,449
35,442
617,078
481.449
35.442
328,754
16,175
161.728
29.247
1,669,873
Team support Gosts
FounLlerfs department
ITL department
Cornrnunicalion5 department
Total Expèndltu
328.754
16.175
161.728
29,247
545.142
1.124,731
Net mov8ment In funds
-72,9S4
37.276
-35.678
Reconcili81ion of funds
Tatal fund5 brought forward
Total funds carried forward
111.915
38,961
161,750
199,026
273.665
237,987
18

AFRICAN ENTERPRISE INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES- YEAR ENDED 310ECEMBER 2023
Detaileil analysis of illGoming resources by country
The charity received funds frotn partner charities located in difterent countries throughout thè
Wor￿ as follows..
2023
2022
USD
Country
Australia
Europe
Canada
Irèland
USD
618.196
38.583
194.308
8,922
683.863
71.134
173.376
18,572
New Zealand
USA
Direct funds
Total Income
707,176
202,960
1.770.145
623,950
63.300
1.634.195
Analy818 of outgolng r8sourco8 by r8clpl8nt Country
Ctsuntry
Congo
Elhiop
Ghana
Kenya
Malawi
Rwanda
South Afrif
32.707
88.623
82,188
140.438
135.847
193.720
74.102
55.825
88.119
78,194
95.749
71,549
1.135,041
48.633
68,767
90,980
107.814
87,340
197.370
54.291
31.675
59,312
59,769
243.526
34.065
1.083.542
South Sudan
Tanzania
Uganda
Zambia
Zimbabwa
Total
12. Cash and ¢a8h equlvalonts
2023
2022
uso
USD
Barclay5 UK US $ Accounts
Barclays UK GBP Accounts
Enweallh US$ S8ving Accounts
Totsl ca8h and cash egulvalent8
62.214
72.371
134.243
156.764
173585
13. ¢reditor5= amounts falling due within one year
2023
USD
2022
uso
staff b8n8fi1 fund
Accrued expenses
40.094
14.004
54,098
35.020
18,000
53,020
Staff Ben8flt Fund creditors relate to contribution by Stsff members
not yet ragislered with th8 Fund Managers- Enw8allh Limited
19

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-YEAR ENDED 31 DECEMBER 2023
14. Debtors
No debtors for 202312022 Nil)
15. Movernent in fund5
Atl.1.23
Net movem8nt
in funds
At 31.12.23
Unr8strl¢tod funds
General fund
38.961
4.896
43,857
Total Unrestricted fund
38.961
4,896
43.857
R88trlctod funds
South Africa wion
South Sudan
1.079
41,996
32.487
-1.079
-14,673
-28,e98
-78,848
27,323
3,791
44,516
Community d8v8lopm8nl
Mission 98n8ral- Includes meetings
123.464
Total Restricted fund5
199.026
.123,396
75,630
Total fund8
237,987
-118,500
119.487
Net movement in funds, included in the above are as follows=
Incoming
resour¢88
Resources
expendod
-374,319
-374,319
Movement in
funds
Unrestrlct8d fund8
Gen8ral fund
379.215
379,215
4.896
4,896
Total unrestrlcted funds
Restricted funds
Congo
Ethiopia
Ghana
Kenya
Malawi
Rwanda
South Africa
South Sudan
Tanzania
32,707
88,623
82.168
140.438
135.847
193.720
73.024
43.153
88,119
78.194
95.749
71.549
3.976
265.863
-32,707
-86,623
-82.168
-140.438
-135.847
-193.720
-74.103
-57,826
-88,119
-78.194
-95.749
-71.549
-32.672
-344.611
-1.079
-14,673
Uganda
Zambia
Zimbabwe
Community d8velopment (Balance transfer)
M18sion 98n8ral includes meetings
Totsl restrlcted funds
-28.696
-78.948
1,390,930
.1.514.326
-123,396
Totsl lunds
1,770,145
-1,888,645
.118,500
20

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-YEAR ENDED 31 DECEMBER 2023
At1.1.22
Not
movement in
funds
At 31.12.22
16.
Movement in funds120221
Unrestrlcted funds
G8n8ral fund
Total Unr08trlctod fund8
111,915
-72,954
38,961
.72,954
38,961
Rostrlcted funds
South Africa region
South Sudan
Community development
Mission general- includes tneelings
Total R8Strlct8d fund8
4,836
4.290
12.487
140,137
-3,757
37.706
20.000
-16.673
1,D79
41.996
32.487
123.464
161,750
37,276
199,026
Total funds
273,665
45,678
237,987
Net movement in funds. included in the above are as follows=
Incomlng
Resources
Movement li
Unrestricted fund5
General fund
re$ource$
expended
-206,513
fund$
-72.954
133.559
Total Unrestricted fund$
133,559
-206,513
.72,954
Rfy$tri¢ted fund$
Congo
Ethiopia
Ghana
48,633
68,767
90,980
107,814
87,340
197.370
50.534
69,381
59,312
59.769
243.526
34,065
50,665
332,480
48.633
48.7eT
-90.980
-107.814
-87.340
-197.370
-54.291
-31.675
-59.312
-59.769
-243.526
-34.065
-30.ee5
-349.153
Kenya
Malawi
Rwanda
South Africa
-3.757
37,706
South Sudan
Tanzania
Uganda
Zambra
Zimbabwe
Community dev8lopmenl18alance transf8rl
Mission general- Includ88 meetings
20,000
-16,673
Total Restrlcted funds
1,500.636
.1,463,380
37,726
Total fund$
1,634.195
.1,669,873
5,678
17.
Related party dl8closuro8
There war8 no related party transactions for the years ended 31 December 2023 or 2022.
18.
Contingent liability
The￿ were no contingent liabilities at ènd of the year.
21

AFRICAN ENTERPRISE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS-YEAR ENDED 31 DECEMBER2023
19.
Analy515 of net assets between funds
An8lys18 of net a88ets between funds current year
Rostrlcted
Funds
2023
Unr6strlct8d
Fund5
2023
Total Fund$
2023
VSD
USD
USD
Current assets
129.728
43.857
173,585
Creditors due within one year
-54.098
.54,098
7S,630
43,857
119,487
Analysi5 of net a$$et$ between funds prior year
R08trlctsd
Funds
2022
USD
Unre8trl¢t8d
Funds
2022
USD
Total Fund8
USD
Current as88ls
252.046
38.981
291,007
.53,020
237,987
Creditors due within one year
-53,020
199,026
38.961
20.
Analysis of changes in net debt
At1
January
Cash flow5
USD
At31
December
2023
uso
2023
USD
Cash al bank and in hand
291.007
291,007
-117.422
-117.422
173,585
173,585
22