ANNbAL REPORT 2020-2021 ONAL INSTITUTE FORAFRICAN STUDIES Ip.q¢uI anii-disriiY•ifia ABDALLAH POSSI & ALLY POSSI HALEYJ. SWEDLUND PETAR SKALNIK .Afl'irrrfrdt' wonièn's om icipat FRANCIS I. M. BUKARI, AGNES A. APUSIGAH & CYNTHIA I. ABAGRE KEN LIPENGA JR 'i'rFI151'riJL GIBSON NCUBE n*.1 MICHAEL MBATE IOURNAL OF AFRICAN CULTURE AND DEVELOPMENT
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| TO OURSUPPORTERS AND TRUSTEES | TO OURSUPPORTERS AND TRUSTEES | 3 |
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| Legal and Administrative Information | 3 | |
| Executive Summary | 4 | |
| Mission | ee | |
| TRUSTEE REPORT | 5 | |
| Research & Publications | 6 | |
| Creative Campus | 7 | |
| ADAPT Project | 7 | |
| NIAS Events | 8 | |
| FINANCIAL | 9 | |
| STATEMENT | ||
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| StatementofFinancialActivities | 11 | |
| IndependentExaminersReport | 12 | |
| NOTESTOFINANCIALSTATEMENTS | 13 | |
| Accounting Policies | 14 | |
| Basis ofAccounting | pence | 1S |
| Incoming Resources | 16 | |
| Resources Expended | 17 | |
| FundsMovement | 18 |
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LEGAL & ADMINISTRATIVE INFORMATION
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Status
National Institute for African Studies (NIAS) is a Charity Incorporated Organisation (CIO). It was registered as a charity on 31 April 2014.
| Charity number | 1156464 |
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| Registered Address | Castle Hill House |
| 12 Castle Hill Windsor | |
| Berkshire | |
| SL4 1PD | |
| www.africanstudies.org.uk | |
| Trustees | Mr. Luke Kwamya |
| Mr. Olufemi Jolaoso | |
| Mr. Dele Bello-Williams | |
| Secretary | Mr. Olufemi Jolaoso |
| Legal Advisors | Spring Law |
| 8 Broadway Place, | |
| LondonSW193TA |
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EXECUTIVE SUMMARY
NIAS is a non- profit, non- partisan public policy think tank. We are a UK registered charity. We strive to accurately represent the voices & aspirations of the people of the United Kingdom & Africa, as well as, champion our cause that research, policy and practice ought to be coordinated to produce real benefits for the poor in society.
Objectives and activities of the Institute The charity's objectives are to provide aplatform for change makers globally, especially citizens of the United Kingdom and the African Diaspora to engage in discourse that leads to tangible change in society. We have also taken on the task of curator in spotlighting authentic data and expertise towards addressing pressing African and U.K societal challenges.
Objectives and Targets for 2020/2021 Qyr work is driven by our amended 2020 - 2025 strategic plan. The priorities for the current year were jo:
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4 Provide intellectual leadership, in collaboration with other knowledge producers, in the global search for post covid pandemic solutions for emerging challenges of our world, especially in the areas of innovation and youth engagement
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a Continue to provide platforms for unheard voices to contribute to local, national & global debates on aid, trade, culture and sustainable development.
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a DOING GOOD THE RIGHT WAY: Helping charities and development communities with practical insights and models for delivering value in a post pandemic Africa
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o Broker access to career transitions and hardship support programmes for individual beneficiaries, students, staff and interns that may be disproportionately affected by Covid-19 disruptions and BREXIT.
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Dele Bello- Williams, LLB Executive Director (NIAS)
PEALE TE TORT CT ILE ST ID
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The trustees present their report and the financial statements for the year ended 31 March 2021 . The trustees who served during the year and up to the date of this report are set out on page 1.
Organisational Structure current sources of funding are also regularly The charity is constituted by a constitution and has appraised. The charity has achieved a separation 3 trustees. It has a team of 5 informal board of of trading activities from core activities of the advisers and an academic/editorial board charity as part of risk minimization and efficiency comprising 15 individuals that advise the trustees drives. The policy is aimed at forestalling on a range of technical and related issues that overdependence on any income source for the require specialist knowledge, skills and/or organisation’s viability. Our reserve policy is to expertise. It then employs staff, experts and secure reserve funds that will enable the volunteers to carry out various projects undertaken organisation operate at full capacity, by the charity. uninterrupted for a nine month period in the event of an unforeseen financial shock. The 2020/2021 Related Parties reserve targets were not achieved as a result of The a : . . . comparatively poor trading and fundraising charity is involved in project partnerships with a range of organisations— in. the UK, Africa. & Asia. outcomes, chieflysd as a result of th“ &lobal on projects; ranging. from Education. & Trade Pandemic induced economic/social shutdowns. in Policy,: Data Analysis,. Governance, Creative. and the last two y years. This has introduced" Digital. Enterprise: Strategy, Diplomacy,; Research, uncertainties requiringq 8 strategic8 and operationalP Projects. and Training/Conferencing_ : adjustmentsa that are still being= actively * worked out. Internal risks are to the charity and its assets ; Governance and Internal Control are minimized by ensuring implementation of A minimum, financial; ; control systems ——in line with. preliminary review of the major risks to which . . . the the Charity Commission's Recommendations and charity is exposed has been carried out and , . regular training for senior officers and board. systems are in place to mitigate those risks. The organisation’s risk profiles are regularly reviewed by[the][board.][External][risks] ,[to][the] Ihe Public Benefits of NIAS’ work
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The Charity Commission’s general guidance on public benefit has been referred to when reviewing NIAS aims and objectives and planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set and, ultimately, how they will benefit the public
RESEARCH7h Ee ‘ & PUBLICATIONSee, * my
Our Research and Publication effort is centred around our flagship journal; The Saharan. The Saharan Journal (Thesaharan.com) is our in-house journal of African development, culture and media. It is currently being revamped to take into account emerging issues and trends within its sphere. The editorial board has been expanded to include scholars and academics from Africa
and around the world. The journal aims to bring in unheard voices to public discourse on Africa and become a reference point for high quality scholarly articles and thought leadership. We published 20 blogs, 15 articles and many updates on important topical issues like Covid Pandemic, youth unemployment, digital careers, leadership, governance, climate change, aid for trade and more during the year.
The Saharan — The publication has been well received within UK & International professionals, including academic circles. The first edition is now been archived by the British Library. The journal attracted writers, researchers, reviewers and board from across the globe.
J O U R NAL VOLUME 4 ISSUE 1 JANUARY 2020
PUBLISHED BY THE NATIONAL INSTITUTE FOR AFRICAN STUDIES
RATTANIAS UNTIL SET TE TET
CREATIVE CAMPUS - ADAPT PROJECT
The ADAPT programme is hosted withing our Creative Campus. The project is designed to assist individual UK citizens, Diaspora Africans and others, with career transition post Pandemic. Some of the career options being promoted via the project include; widening access to creative careers and help with getting published in prestigious journals. Other career transition options are being explored, taking in to account the extensive disruption to lives and livelihood occasioned by Covid-19 global epidemic.
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NIAS EVENTS (PROGRAMME OF WEBINARS, ONLINE WORKSHOPS, & PRESENTATIONS)
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A programme of 35 webinars, online workshops and topical discussions were implemented during the year. Our events attendance demographics have broadened significantly because activities were primarily implemented via zoom meetings and free.
NIAS? Cultural Programming suffered significantly this year because of[the][loss][of][incessant] lockdowns and work from home orders by the UK government. We are working towards implementing tools to enable hybrid events going forward.
Our work this year has been made possible mainly as a result of the trustees personal efforts, and few core staff. The contributions of our bank of volunteers and pro bono work by corporate partners although limited this year, remains invaluable to our business model.
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STATEMENT OF FINANCIAL ACTIVITIES
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Reserves
In view of the growth and expansion of the charity, the board of trustees has proposed a reserve policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be equal to 9 months operating costs, on average, of the charity at any given time. This policy is developed in view of the potential vulnerability and exposures of the organisation in the event of actual income loss from any of the charity’s
income sources.
Statement of trustees' responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board, Olufemi Jolaoso Secretary
SUMMARISED STATEMENT OF FINANCIAL
For the year projected to 31 March 2021 |
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|UNRESTRICTED|RESTRICTED|2021|2020|
|NOTES|FUNDS|FUNDS|TOTAL|TOTAL|
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|Incoming|resources|from|generating|CS|
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|Charitable activities|a|39,837|132,740|172,577|138,857|
|Total resources expended|i|||233,016|16,500|285,318|249,516|
|Net incoming|resources for the year a|7,960|1,251|9211|(21,571)|
|Total|funds brought forward|Ld|90,861|10,906|101,767|123,338|
|Total funds carried forward|i|||98,821|12,157|110,978|101,767|
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The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognized gains and losses has not been prepared.
All of the above amounts relate to continuing activities. The financial statements as presents were approved by the board April 30, 2022 On
behalf of the board.
Luke Kwamya: a Olufemi Jolaoso Chairman Board of Trustees Secretary
The notes form an integral part of these financial statements
AARCWARRENTONAT TT TTT
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Balance sheet as at 31 March 2021
| DESCRIPTION NOTES TOTAL 2021 TOTAL 2020 |
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| £ £ a £ |
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| LessAccumulated depreciation Ll (8945) po (503) |
| ee a Cash atbank and in hand 33,974 33,975 |
| 60,888 49,115 |
| Creditors: amounts failingduewithinoneyear |
| ee eee eee eee ee ee ee TS a a ae Restricted income funds 12,157 |
| 10,906 Unrestrictedincomefunds |
The financial statements as presents were approved by the board April 30, 2022
On behalf of the board
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Luke Kwamya
Chairman Board of Trustees
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Olufemi Jolaoso Secretary
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The notes form an integral part of these financial statements
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Independent examiner's report to the trustees of National Institute for African Studies on accounts for the year ended 31 March 2021. Charity no 1156464
| I report on the accounts of the Charity for the year ended 31 March 2021, which are set out on ; Pages 20 -21
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act).
J report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| I am qualified to undertake the examination by being a qualified member of The Chartered Association of Certified Accountants. j I have completed my examination. I confirm that no material matters have come to my attention in connection with. the examination. . which. gives. me cause to believe° that in,. any material. respect: ' the accounting records were not kept in accordance with section 130 of the Acti or - the accounts did not accord with the accounting records: or | ' the accounting records did not comply with the applicable requirements concerning the form and content of | accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. : I have no concerns and have come across no other matters in connection with the examination to which should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Independent M Thomas Mr.[D.] Examiner 77Slough Baylis Road UnitedSLI 3PHKingdon
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LITTISLA PTT oT TTT
NOTES TO FINANCIAL STATEMENTS
Year projected to 31 March 2021
- Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice’ issued in March 2006 (SORP 2006) and the Charities Act 1993 and its amendments.
1.2. Cashflow
The charity may take advantage of the exemption in FRSI from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery ofa specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are
included at the value to the charity where this can be quantified. The value of services by seconded staff have not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.4. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries, It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 33.33% reducing balance method
1.6. Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
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NOTES TO FINANCIAL STATEMENTS
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For the year ended 31 March 2021
2. Voluntary income
| RESTRICTED | UNRESTRICTED | TOTAL | TOTAL |
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| £ | £ | 2021 | 2020 |
| £ | £ | ||
| - | 157,747 | 157,747 | 92,290 |
| 131,762 | 5000 | 136,782 | 12,000 |
| - | a | - | 438 |
| 131,762 | 162,747 | 294,529 | 104,728 |
| - | 157,747 | 157,747 | 92,290 | |
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| Donations | ||||
| 131,762 | 5000 | 136,782 | 12,000 | |
| Charitable Grants/Awards | ||||
| - | a | - | 438 | |
| Subscription/Interests | ||||
| 131,762 | 162,747 | 294,529 | 104,728 | |
| : 3. Investment income |
UNRESTRICTED FUNDS |
TOTAL | TOTAL | |
| £ | 2021 | 2020 | ||
| Back interest receivable | 120 | 120 | 438 | |
| 120 | 438 |
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4. Incoming Resources
| RESTRICTED | UNRESTRICTED | TOTAL | ||
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| f | £ | 2021 | ||
| £ | ||||
| 157,700 | 157,700 | |||
| Trading | Income | |||
| 157,700 | ‘157,700 |
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| Employees | 2021 | 2020 | ||||
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| £ | £ | |||||
| 118,715 | 98,500 | |||||
| Employments | costs | Wages | and | salaries |
No employee received emoluments of more than £60,000 (2020 : None)
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2021 | 2020 | |||
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| Employments | costs | iio, | No. | |
| Charity Projects | 3 | 3 | ||
| ProjectManagement | 2) | 1 | ||
| Interns | oF | 10 | ||
| 10 | 15 |
SIIMI REEL ELIE ET
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5. Debtors
| 2021 £ |
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| 26,914 | 15,140 | ||
| Other debtors | |||
| Prepayments and accrued | |||
| income | |||
| 26,914 | 15,140 | ||
| 6. Creditors: amounts talling | 2021 | 2020 | |
| due within one year | £ | £ | |
| Bank overdraft | - | ~ | |
| Trade creditors | 5,860 | 8,425 | |
| Other taxes and social security | 26,200 | 26,924 | |
| Other creditors | 10,765 | 6,343 | |
| Accruals and deferred income | = | ||
| 34,642 | 16,425 | ||
| 7.CashReserves | 75,000 |
Funds set aside the board for the charity to be able to maintain its obligations for a period of 6 — 18 months in case of unexpected shocks/unforeseen circumstances.
SAI AI LT EST NT EIT
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|8.|Restricted|Funds|
|At|I|April|Incoming|— Outgoing|At|31|
|2021|resources|Resources|March|
|£|2020|
|Description|for|Unrestricted|Fund|“3|£|
|-|12.157|16,500|
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Purposes of Restricted funds
These finds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the respective funds, together with a fair allocation of management and support costs, taking into account the budgets for cach of the Restricted Funds as approved by the respective donors.
9, Unrestricted Funds
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|At|I|April|At|31|
|2021|March|
|Description|for|Unrestricted|ao|2021|
|Fund|£|
|98,821|90,861|
|Purposes|of restricted|funds|
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These funds consist of donations, trading income and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
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END OF REPORT