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← The AVOCADO Foundation

2024-12-31-accounts

••4b• The o AVOCADO Foundation 24 Annual Report &Accounts li

Contents

Welcome & Thank You 3 Financials 25
Acknowledgements 4 Independent Examiner's Report 26
Equity, Diversity, and Environment 5 Financial Review 27
Mission, Vision, Values
UN Sustainable Development Goals
~~OO~~		 6
7		 Contd
Statement of Financial Positio~~n~~
~~oe~~		 28
29
Strategic Goals and Priorities 8 Balance Sheet 30
Key successes 9 Fund Breakdown 31
Events 10 Contd 32
Partnerships 11 Governance 33
NONPROFITS 12
AVOCADO+ Accelerator Programme 13
AVOCADO+ Lite Executive Programme 15
AVOCADO HUB 16
AVOCADO De~~n~~ 17
YOUTH 19
Financial Literacy & BonsaïBriefs
~~——~~		 20
Tech for Good
ENTREPRENEURS
(#WorldChangers Entrepreneurship
Training)
~~OO~~		 21
22
23
24

2

Welcome & Thank You! A Decade of Purpose, Progress, and Possibility ® The e Foundation Extraordinary impact emerges from the daily actions of ordinary people who choose to make the most of their time, talent, and treasures. — AmickyCarol Letter from Our CEO: SZen GZ? 2024 marked ten years since we began the journey to break cycles of financial inequality. What started as Money4YOUth, evolved into Money4YOU, and has become The AVOCADO Foundation — a global movement transforming how young people, entrepreneurs, and nonprofits build financial confidence and create change. This year, we strengthened our foundations and expanded our reach. We rebranded, achieved CPD accreditation for key programmes, launched the Friends of | 3 w& A The AVOCADO Foundation, and celebrated a decade of impact at our Gala Dinner — where our community’s energy and commitment were nothing short of inspiring. Across our AVOCADO suite of programmes — nearly 3,000 entrepreneurs, nonprofits and young people gained practical skills for growth, resilience, and independence. Each of them is a testament to the power of opportunity and community. 💭 Looking Ahead Our next chapter is bold. We’re working toward an endowment, scaling globally, and ensuring that no one is poor because of their skin colour, gender, or postcode. Yes, the year brought financial challenges — but every investment we made was intentional, laying the groundwork for long-term sustainability and systemic change. Ubuntu reminds us that “I am because we are.” Together, let’s keep rewriting the story of what’s possible. With gratitude and determination, AmickyCarol Akiwumi MBE Founder & CEO, The AVOCADO Foundation

Acknowledgements

We are deeply grateful for the continued support of our valued funders and Friends of The AVOCADO Foundation. Special recognition goes to our past and present partners, including City Bridge Foundation, Co-op Foundation, CommUNITY Barnet, Esmée Fairbairn Foundation, GlobalGiving, Hogan Lovells, JRSST-CT, Linklaters, Making a Difference Locally, Paul Hamlyn Foundation, Pathway Fund, Social Investment Business, Souter Charitable Trust, The Lions, The National Lottery Community Fund, Tudor Trust, UK Community Foundation, and Youth Futures Foundation.

Our heartfelt thanks also go to our dedicated Trustees — Alezandra Udueni, Dilys Barnett, Edwin Viegas, Frederic Jean-Baptiste (outgoing), as well as Jack Hounsom and Caroline Phansi (both incoming) — for their unwavering commitment and guidance.

We remain proud to serve our vibrant community of entrepreneurs, nonprofits, and young people, whose engagement and passion are at the heart of everything we do.

Finally, a sincere thank you to our volunteers, whose daily contributions and dedication enrich every aspect of our work. Your support makes our shared mission possible.

Reference and Administrative details

The legal and operating name of the charity is The AVOCADO Foundation.

The charity is registered in England with the Charity Commission (Charity No. 1157549) and operates as a Charitable Incorporated Organisation (CIO). It was registered on 19 June 2014 and functions in accordance with its Articles of Association. All trustees are individual members. Registered Address: Suite 12, Mill Hill House, 6 The Broadway, London NW7 3LL Telephone: +44 (0)844 351 0072 Email: info@theavocadofoundation.org Website: ~~So~~ www.theavocadofoundation.org

You can also connect with us on our social media platforms (@TheAVOCADOFoundation) Click here to explore and stay updated.

4

Equity and Diversity = In keeping with our Equity, Diversity and Inclusion Policy, we embrace and celebrate the diversity of our working, learning, and service delivery » environments. We approach employment, volunteering, learning, and service delivery with an equity lens; recognising that everyone is an individual and . has specific needs, which we aim to take reasonable steps to accommodate. We also aim to ensure that within all areas of work, we prioritise the needs of the underrepresented individuals and groups that we serve. We are fully committed to equality of opportunity and seek to take positive action to support this whenever possible. All of this is a journey, and we are committed to learning, transparency and staying accountable along the way. Environment In keeping with our Environmental Policy, The AVOCADO Foundation is committed to continuously pursuing opportunities to reduce consumption of resources, to avoid waste and comply with all environmental legislation, regulatory and corporate requirements to protect the environment. ) We acknowledge the connection between the climate and other a a A environmental crises and the threat of current and future homelessness, disease, food and water shortages and poverty for millions of people around the world, as well as the major damage being caused to our natural ecosystems. We therefore recognise our responsibility to reduce our carbon and environmental footprints and commit to championing environmental responsibility to those we serve when feasible. 5 a

Mission, Vision, and Values

The AVOCADO Foundation is a charitable incorporated organisation that operates in the UK and overseas. We are on a mission to eradicate the economic inequalities experienced by young people, entrepreneurs, and non-profit organisations from underrepresented communities.

Founded in 2014 as Money4YOUth , we became Money4YOU in 2020 to reflect our growing scope and impact. From 2024, as The AVOCADO Foundation , we continue to champion financial education, entrepreneurship, and equity.

We envision a world where no one is poor because of the colour of their skin or their ethnicity.

We value integrity. We operate in an open, honest and transparent manner with everyone we work with. We set high service standards and hold ourselves accountable for the quality of our work and the results we achieve.

We love inspiration. We apply creative methods that engage, inspire and motivate those we teach in an environment that fosters innovation and forward thinking. By focusing on their specific needs, we provide tailored solutions that are developed in collaboration with our stakeholders. 6 ro

This provides authentic and enriched learning experiences for learners, fosters new ways of thinking about their own practices and enlightens them about resources, potential pathways and opportunities.

We work with intelligence. In a rapidly changing world, our interventions start with a clear, accurate and deep understanding of the needs of our service users. With this insight, we are committed to collaboratively developing and implementing high-quality solutions. These are differentiated and impactful enough to ensure that they do not create dependence but instead enable them to be co-owners and true architects of their own change. Our overarching aim is to provide Excellent, Ethical and Evidence-based Empowerment solutions.

We need interaction . In our work, the strength of collaboration is about “working cooperatively with others to work towards common goals.” In practical terms, this means that we actively seek opportunities to build partnerships and encourage processes and climates where participative decision-making is the norm.

We subscribe to the beautiful South African philosophy of ‘Ubuntu,’ which recognises that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by sharing ourselves with others, and caring for those around us.

UN Sustainable Development Goals

Our work aligns principally with three UN Sustainable Development Goals:

1.5 / End poverty in all its forms everywhere: We are building the resilience of the poor and those in vulnerable situations, as well as reducing their exposure and vulnerability to economic shocks and disasters.

4.4 / Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all . We are substantially increasing the number of women and girls, youth and adults who have relevant financial literacy, business development, and other skills, for employment, decent jobs and entrepreneurship.

10.3 / Reduce inequality within and among countries . Through our interventions, we are reducing inequalities of economic outcome for underserved and underrepresented communities.

7

Strategic Goals and Priorities

2024 was the first year in our 2024–26 group of strategic goals and priorities:

Improve Operational Efficiency by recruiting key roles, strengthening the board, and embedding a robust employee wellbeing strategy.

Gain Financial Resilience by diversifying income, reducing reliance on key grants, monetising programmes, and starting the process to convert to a Foundation with an endowment. Increase Credibility through impact measurement, linking outcomes to SDGs 1, 4 and 10, seeking accreditation for AVOCADO programmes, and producing at least two financial management tools per audience.

Improve Accessibility, Visibility and Global Reach by rebranding to The AVOCADO Foundation, delivering the #WorldChangers Entrepreneurship training programme in at least four countries, awarding grants, scaling capacitybuilding with new partners, and training young people aged 9– 35.

Mitigate against Key Person Risk across the board by producing and implementing a Business Continuity Plan.

8

e @S\ Wocapo Rebranded 1,169 SZ Foundation to The AVOCADO 11.34% Foundation at our 10th participants AVOCADO HUB Year Anniversary Gala reached through our annual user growth Snapshot of Key Successes #WorldChangers achieved 2024 Entrepreneurship and Financial 59 Literacy Training students gained 940 practical industry i £3,500 ys experience The young people gained in grants awarded to 5 essential money ] S 2 BAMER-led organisations management skills at our 2024 AVOCADO through “4 Uses of Money” CPD Den corporate event. certifications achieved : y | for WCET and AVOCADO+ Lite 1,720 95 Hours money podcast programmes streams and 815 of specialist one-todownloads across one training delivered 3 AVOCADO HUB different platforms via the AVOCADO+ members Accelerator new strategic partnerships programme AVOCADO HUB is the new name for BAMER HUB formed 9 ul ; 16* leaders trained in governance, fundraising, finance, and leadership.

Events

In 2024, we marked major milestones and brought our community together through high-profile events, celebrations, and networking opportunities.

– 10th Anniversary Gala Dinner & Dance at De Vere Grand Connaught Rooms We celebrated a decade of impact, rebranded to The AVOCADO Foundation, with special guests including Lord & Lady Sewelll (MBE), Piers Linney, Eddie Nestor (MBE), Anne Atkins & Colin Salmon.

Join the Friends of The AVOCADO Foundation l ~~$i~~ Launch of “Friends of The AVOCADO Foundation” – held at the Ohana Floor, Salesforce HQ, London on December 12, This exclusive members club connects philanthropists, influencers, and supporters to partner with us in amplifying impact in the UK, Africa and the rest of the world.

10

We are grateful for the invaluable support of our UK and overseas partners, who share our commitment to collaboration and making a positive impact.

A special thanks goes out to: African Child in Need (Uganda) Apex Community Aid Ghana Brafie Nsoroma Foundation CAHN (Caribbean & African Health Network) Charity Excellence Framework City University of London Community Watch Initiative (Sierra Leone) Dowen Colledge Lekki Engineers Without Borders Fountain Heights and Top Grade Secondary Schools in Nigeria Getting on Board Grassroots Web

The Good Trouble Collective LTD Hogan Lovells (Alicante) S.L. & Cia Joedy Foundation (Kenya)

Kingdom Care Orphanage (Togo) Lewisham Local Linklaters Literacy and Integral Dev't (Togo) Media Trust Nazareth School Festac NRCN (Uganda) Ntentan Projects (Ghana) Ogudu GRA Residents Association and The Holy Family Church (Nigeria) Philanthropy Company Professional Women (Liberia) REACHOUT2ALL CIC ROTA (Race on the Agenda) Salesforce School of Social Entrepreneurs The Ubele Initiative United Action for Children (Cameroon) Voice4Change England

We appreciate the contributions of all our partners and corporate sponsors. Their support is instrumental in achieving our mission.

We Value Partnerships

11

NONPROFIT PROGRAMMES

AVOCADO+ Accelerator Programme AVOCADO+ Lite Executive Programme AVOCADO Den AVOCADO HUB

AVOCADO+ Accelerator Fellows

12 y

What Makes It Unique:

Launched in 2016, this is the UK’s premier accelerator programme specifically designed for BAMER (Black, Asian, Multi-Ethnic, and Refugee)-led charities and social enterprises. It focuses on six key areas—financial fitness, operations, impact, leadership, networks, and awareness—offering a 10-month intensive course (run over an academic year) to boost sustainability.

How It Works:

Participants join monthly two-day training sessions and receive year-round support from a consultant chosen based on their specific needs. Our consultants are experienced thirdsector professionals with expertise in governance, finance, income diversification, and supporting BAMER groups.

: Impact ° Key Achievements:

Empowered Organisations: Supported 14 BAMER-led nonprofits, impacting Skill Development: Delivered 56 hours of training and 95 hours of one-on-one support.

Increased Resilience: Enhanced financial fitness, operations, impact, leadership, networks, and awareness for participating organisations.

Positive Feedback: Participants praised the program for its value, expertise, and support.

Community Impact: Graduates are making a difference in their communities through their work.

Special Thanks:

We extend our gratitude to our consultants— Hemant Mistry, Fran Borg-Wheeler, Kemar Walford, and Fiona Murray —for their invaluable contributions during the year.

13

Graduating Class of 2023/2024:

Travel Hands

The British Caribbean Doctors and Dentists Association My Financial Harmony

Mother and Child Welfare Organisation

United Sports Consortium Teaching Accelerated Learning CIC Kanlungan Filipino Consortium

“I've learnt a lot stragetic planning and realise how it important it is when it comes to starting a project, And how to measure the impact” – Hong Dam, Greeenwhich Vietnamese Women

“ What a joy! The AVOCADO Foundation are consummate professionals who - deliver for Carbon Melanated people and organisations at their point of need” Leon Thompson, Director, 360 Lifestyle Support Network CIC

“ The workshop are well-structured. The trainers helped me understand how to apply what I have learned in practices” - Faith Walker, Friends of Cymru Sickle Cell and Thalassemia CIC

“ This was a fantastic workshop. Highly recommend to all generation that struggle to find a starting point with creating a smooth operating environment” - Salah Daaboul – Patchwork Foundation

14

Overview:

Launched in April 2022 as a pilot, the AVOCADO+ Lite Executive Programme supports leaders of BAMER-led nonprofits with an accessible, focused alternative to the annual intensive AVOCADO+ Accelerator programme.

Eight-week virtual classes covering governance, project design, fundraising, financial management, leadership, risk management, marketing, communications, income generation, and data interpretation.

Key Highlights:

Comprehensive Curriculum: Covered essential topics like governance, fundraising, finance, and leadership.

Expert Guidance: Provided one-on-one support from experienced consultants. Strong Participation: Attracted 14 organisations and 16 individuals. Positive Impact: Increased capacity and skills among participating nonprofits Gained CPD accreditation

Feedback:

100% of participants agreed the programme met their needs.

: Impact

The programme strengthens BAMER-led nonprofits by enhancing skills and networking opportunities, supported through events like the AVOCADO Den and resources on the AVOCADO HUB.

15

Overview:

Launched in 2020, BAMER HUB is an online platform tailored for BAMERled non-profit groups,

==> picture [1338 x 531] intentionally omitted <==

----- Start of picture text -----
offering digital tools and resources based on insights gained from eight
years of the AVOCADO+ Accelerator Programme.
-
"
Platform Performance
The AVOCADO HUB continued to strengthen its role as a collaborative
digital hub connecting entrepreneurs, learners, and partners across our
ecosystem. In 2024, the platform facilitated meaningful interactions,
expanded access to opportunities, and supported community-driven
:
learning and engagement.
_ |
815 Impact and Engagement
815 users registered, with 289 activated ( 35% activation rate).
members
84 recorded interactions throughout the year, reflecting consistent
engagement among active users.
Steady increase in activation and participation from September to
11
131
| ] December 2024, highlighting improved onboarding and user
events
funding retention.
opportunities 131 opportunities shared, 11 events created, and 2 forums initiated—
driving collaboration, visibility, and peer learning within the network.
16
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Corporate Edition
:
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Overview:

The AVOCADO Den Corporate Edition, held on 12 November 2024 at Linklaters, London, brought together BAMER-led nonprofits, corporate partners, and funders for a special networking and pitching event. Hosted in partnership with Linklaters, this special edition offered finalists the opportunity to showcase their initiatives to a panel of judges and a live audience, competing for community-driven grants.

Participatory Grant-Making:

31

The AVOCADO Den Corporate Edition maintained our signature community-led funding approach, combining audience votes with funders’ evaluations to determine grant recipients. Attendees also contributed through donations and ticket purchases, reinforcing our commitment to shared power and collaborative decision-making.

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A pplications
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Impact and Engagement:

£3,500

in grants won by 6

£3,500 in grants awarded to six BAMER-led organisations. Six finalists pitched to a hybrid audience of nonprofit peers, corporate partners, and supporters, with both in-person and livestream voting.

BAMER-led organisations

17

Corporate Edition

Winners included:

Mother and Child Welfare Organisation Babylon Migrants Project Feathers Up Community Watch Single Leg Amputee Everyday Racism

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31
A pplications
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£3,500
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in grants won by
6
BAMER-led
organisations
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The event fostered new corporate–community connections, offering finalists not only financial support but also networking and potential collaboration opportunities through the AVOCADO+ ecosystem.

Gratitude:

We are deeply grateful to Linklaters f(or sponsoring and hosting the event), our panel of judges, and all attendees who contributed to making the AVOCADO Den Corporate Edition 2024 a success.

18

The o AVOCADO Foundation YOUTH PROGRAMMES AVOCADO Oseeds li AVOCADO IL Tech4Good 19

In 2024, our financial literacy training reached 940 children and young people through our 4 Uses of Money programme. All training was delivered in the first half of the year, underscoring the strong demand for our youth-focused initiatives.

"I personally enjoyed your presentation. God bless you for your selfless service to humanity. I’m glad it was of value to the children, and they enjoyed the money talk, I look forward to working with you.”

— Rev Sister Irene (Administrator, Nazareth School)

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940
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----- Start of picture text -----
1,720
podcast plays
----- End of picture text -----

"We appreciate your presence and wish to acknowledge that your presentation was a great counsel and an inspiration to us all. We are hopeful it will help shape our students' decision on their choices of career.. We look forward to having you with us again in the near future.”

— Dr Adebisi Layiwola (Principal/Head of School)

“ The training was knowledge-packed. Thanks to the facilitators.”

— Anamene, Ghana, 2024

Children and Young people equipped

with financial literacy skills

Our BonsaïBriefs Podcast audience also grew more diverse. Episodes on entrepreneurship, the stock market, and basic financial terms drove 1,720 plays in 2024, with strong engagement from audiences in the UK, USA, and Nigeria.

20

Overview:

Our innovative Tech4Good program, in partnership with City University of London, tackles digital challenges faced by BAMER-led nonprofits.

Initially offering 6-week internships, it has become a cornerstone of the City curriculum, evolving into a 3-month project.

Final-year students dedicate their final year assignment to providing technical and digital solutions, creating a lasting impact on these organisations. This program not only equips nonprofits for the digital age but also fosters social responsibility in STEM students.

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----- Start of picture text -----
18
organsiations
59 engaged
students gained
practical industry
experience
----- End of picture text -----

Impact:

In 2024, Tech for Good maintained its mission of connecting tech professionals, educators, and BAMER-led nonprofits to address social challenges. By the end of 2024, the programme had engaged 18 organisations and provided practical work experience to 59 students.

21

ENTREPRENEURS

ENTREPRENEURSHIP PROGRAMME (#WCET)

22

Our #WorldChangers Entrepreneurship Training programme continued to equip aspiring and established entrepreneurs, with a particular focus on women and girls from underrepresented communities. In 2024, we trained 211 participants across various delivery formats, maintaining our commitment to no-cost, high-quality training accessible to those who need it most.

Regional Impact:

Signed MOUs with organisations in Liberia and Tanzania, setting the stage for training delivery in the coming years.

Advanced discussions with partners in Ghana and Zimbabwe, opening new expansion opportunities.

Sustained active engagement through a 330-member WhatsApp community.

Innovation and Development:

Achieved CPD certification for the course, enhancing professional recognition and credibility.

Began digitising training materials to increase accessibility and complement monetised courses, while keeping the core programme free for underserved communities.

#WCET participants in Ghana

23

Partnership Development:

Initiated collaboration with the Grow Movement to develop an Enterprise Hub, including a funding application submission.

Applied for the TAF Enterprise Hub from Linklaters to further strengthen partnerships and networks.

Expanded recognition through word-of-mouth referrals, connecting with more non-profit partners.

“I want to say a very big thank to The AVOCADO Foundation for championing the course of training young people in Africa with the requisite knowledge, skills and training to be able to survive in our fast changing 21st Century.

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----- Start of picture text -----
214
entrepreneurs
trained
330
m ember
WhatsApp
#WCET participants in Nigeria
groups
----- End of picture text -----

It is true that young Africans are exposed to technology but what will make us successful is not yet been exposed to us and we are not able tackling issues within our communities and solutions. The commitment of The AVOCADO Foundation in equipping the youth is the Africa is the future. Thank you.”

— Eric Ekow Ewusie, Brafie Nsoroma Foundation, Ghana. WCET Online December 2024

24

The o AVOCADO Foundation FINANCIALS 25

Independent Examiner’s Report for the year ended 31 December 2024

I report to the charity trustees on my examination of the accounts of the Money4YOU (the Charity) for the year ended 31st December 2024.

Responsibilities and basis of report:

As the trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

26

Richard Chadwick (ICAEW, ACCA)

Financial Review for the year ended 31 December 2024

Respective responsibilities of trustees

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an independent examination is required for this year under section 144 of the Charities Act 2011 (“the Charities Act”).

Method of preparation of accounts

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

The AVOCADO Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Financial Review of the Position

During the year, there was a reduction in income of 10%. This was due to less grants being received in the year, as we utilised grants received in the prior year. There was also an increase of expenditure of 13%. This was primarily due to a large event in the year. The organisation has taken out a loan to support the development of the organisation to increase income in future years. Overall, there was a deficit of £29,640 in the year. The trustees recognise this deficit as a utilisation of some of the restricted reserves generated in previous years.

The Trustees confirm that they are satisfied that the Charity is a going concern.

27 ul

Financial Review for the year ended 31 December 2024 (contd)

Policy on Reserves

The Trustees aim to hold at least six months of operating costs as unrestricted reserves, in line with our sustainability strategy, to protect against financial risk and any drop in income. At the close of the reporting year this policy had not been met. Currently the organisation holds 4.1 months of total expenditure within the unrestricted funds. This is 68% of the policy requirement. One key reason for not meeting the requirement is the support given to the 4ENTREPRENEURS Restricted Fund. There is a large requirement in this area and although Unrestricted funds were required to complete this work the Trustees feel this was of great importance. With further resource even more good could have been done such is the requirement. The Trustees do currently have plans for raising Unrestricted funds in a variety of ways, particularly in respect of the monetisation of courses and the large amount of data the charity holds. In specific respect to 4ENTREPRENEURS, the Trustees have plans to generate incoming resources for this specific fund in order that the urgent work required can continue.

Approval of this report This report was approved by the Board of Trustees on 10/10/2025

28

For the year ended 31 December 2024
a
es		 For the year ended 31 December 2024
a
es		 es Unrestricted
funds
es		 Restricted income
funds
QO		 Endowment funds
QO		 Total 2024 Total 2023
a es Note
es
eees		 £
es
es		 £
QO
QO		 £
QO
QO		 £
QO		 £
Income and endowments from:
a
es
~~ee~~		 es
~~ee~~
eees
eses		 es
~~ee~~
es
es		 QO
~~ee~~
QO		 QO
~~ee~~
QO		 ~~ee~~
QO		 ~~ee~~
Donations and legacies
~~es~~		 eees
~~es~~
eses
es		 12,805
es
~~es~~
es
es		 -
QO
~~es~~		 -
QO
~~es~~		 12,805
QO
~~es~~		 10,575
~~es~~
Charitable activities
~~ee~~
a		 eses
~~ee~~
es
Ps		 93,069
es
~~ee~~
es
es		 261,500
~~ee~~		 -
~~ee~~		 354,569
~~ee~~		 395,655
~~ee~~
Total
~~ee~~
a
ee
a		 es
~~ee~~
Ps
es		 105,874
es
~~ee~~
es
es		 261,500
~~ee~~
es		 -
~~ee~~
GO		 367,374
~~ee~~
GO		 406,230
~~ee~~
a
a		 ee
a		 Ps
es
es		 es
es
es		 es GO GO
Expenditure on:
a
a		 ee
a		 es
es
eeee		 es
es
ee		 es
es		 GO GO
Charitable activities
a
~~es~~
a
ee		 es
~~es~~
eeee
es		 31,242
es
~~es~~
ee
es		 336,740
~~es~~
es		 -
~~es~~		 367,982
~~es~~		 351,776
~~es~~
Fundraising
a		 ee eeee
es
eses		 -
ee
es
es		 19,432
es		 - 19,432
Governance
ee
~~ee~~
a		 es
~~ee~~
eses
es
 -
es
~~ee~~
es
es		 9,600
~~ee~~
es		 -
~~ee~~		 9,600
~~ee~~		 -
~~ee~~
Total
~~es~~
aae		 eses
~~es~~
es
es		 31,242
es
~~es~~
es
es		 365,772
~~es~~
es		 -
~~es~~		 397,014
~~es~~		 351,776
~~es~~
a ae es
es		 es
es		 es
Net income/(expenditure) before tax for the reporting
period
ae		 es 74,632
es		 -104,272 - -29,640 54,454
period
Net income/(expenditure) after tax before investment
gains/(losses)		 es 74,632
eses		 -104,272
es		 - -29,640 54,454
gains/(losses)
Net income/(expenditure)
~~ee~~		 ~~ee~~
es
esns		 74,632
~~ee~~
eses
ns		 -104,272
~~ee~~
es		 -
~~ee~~		 -29,640
~~ee~~		 54,454
~~ee~~
Transfers between funds
~~es~~
a		 es
~~es~~
esns
eses		 -12,867
eses
~~es~~
ns
es		 12,867
es
~~es~~		 -
~~es~~		 -
~~es~~		 -
~~es~~
Net movement in funds
~~ee~~
a
ee		 esns
~~ee~~
eses
es		 61,765
ns
~~ee~~
es
es		 -91,405
~~ee~~		 -
~~ee~~		 -29,640
~~ee~~		 54,454
~~ee~~
a
~~ee~~		 ee
~~ee~~		 eses
es
eeee		 es
es
ee		 rs
Reconciliation of funds:
ee
~~es~~
~~ee~~		 es
~~es~~
eeee
es		 es
~~es~~
ee
es		 ~~es~~
rs		 ~~es~~
Oe		 ~~es~~
Oe		 ~~es~~
Total funds brought forward
~~ee~~		 eeee
es
eees		 60,482
ee
es
es		 95,360
rs		 -
Oe		 155,842
Oe		 101,388
Total funds carried forward
~~ee~~
~~e~~		 eeee
es
~~e~~
eees		 122,247
ee
es
~~e~~
es		 3,955
rs		 -
Oe		 126,202
Oe		 155,842

29 a

Balance sheet

Guidance Unrestricted Restricted income Endowment For the year ended 31 December 2024 Total 2024 Total 2023 Note funds funds funds Note £ £ £ £ £ ~~a~~ Current assets ~~GC~~ Debtors 151 0 151 0 ~~a~~ Cash at bank and in hand 195,212 3,955 0 199,167 156,592 ~~aGO~~ Total current assets 195,363 3,955 0 199,318 156,592 ~~es~~ rere ns ee (Oe ( ~~a~~ Creditors and provisions: amounts falling due within one year 12,165 0 0 12,165 750 ~~GO a~~ Net current assets/(liabilities) 183,198 3,955 0 187,153 155,842 ~~a~~ GG ~~a~~ Total assets less current liabilities 183,198 3,955 0 187,153 155,842 ~~a a~~ OC CO Creditors: amounts falling due after one year 60,951 0 0 60,951 0 ~~a a~~ Total net assets or liabilities 122,247 3,955 0 126,202 155,842 ~~es~~ es Rs es es ~~a~~ Funds of the Charity ~~CO~~ Restricted income funds 0 3,955 0 3,955 95,360 ~~a~~ Unrestricted funds 122,247 0 0 122,247 60,482 ~~GG~~ Designated funds 0 0 0 0 0 ~~a GOCO~~ Total funds 122,247 3,955 0 126,202 155,842 ~~a~~

30 r

Fund breakdown and descriptions for the year ended

31 December 2024

Fund names Type Purpose and Restrictions Fund
balances
b
h		 Income Expenditu
re		 Transfers Gains and
losses		 Fund
balances
id
b
h
£		 £ £ £ £ i d
£
Unrestricted UR 60,482 105,874 -31,242 -12,867 - 122,247
4YOUTH
~~ee~~		 R
~~ee~~		 To provide funding of youth work in
under-represented communities.
Providing support and training for
those aged 9 to 23.
~~ee~~		 1,555
~~ee~~		 3,000
~~ee~~		 -4,555
~~ee~~		 ~~ee~~ -
~~ee~~		 -
~~ee~~
4NONPROFITS R To provide support to non-profits and
charities, primarily in under-
represented and BAMER communities.
The purpose of the fund is to provide a
community portal and resource
allowing organisations to become
resilient and sustainable. Training is
provided in all aspects of running a
not-for-profit organisation, including
assistance with compliance and giving
the beneficiaries a grounding in
operational excellence.		 106,462 252,500 -355,217 - 3,745
4ENTREPRENEURS R To provide training and education for
individuals in developing countries.
The fund aims to equip those
individuals with skills to implement
when operating in challenging
environments.		 -12,867 - 12,867 - -

31

Fund breakdown and descriptions for the year ended 31 December 2024 (contd)

Fund names Type Purpose and Restrictions Fund balances
brought forward		 Income Expenditure Transfers Gains and
losses		 Fund balances
carried forward
£ £ £ £ £ £
#OPT (Operational
Transparency)		 R Funding was provided by
Joseph Rowntree Reform
Trust - CT for a campaign to
encourage The Charity
Commission to alter the
way in which data on the
third sector is collected
and displayed. The current
system does not provide
adequate information on
social good, equality,
diversity or inclusion.		 210 - - 210
Social Investment
Business		 R To be used to contribute
towards hiring new
business development
staff.		 - 6,000 -6,000 -
Total Funds as per balance sheet 155,842 367,374 -397,014 - - 126,202
Transfers from Unrestricted reserves to Restricted reserves have been required during the year due to the overwhelming requirement for support of the work undertaken by the 4ENTREPRENEURS
Restricted Fund. The Trustees have identified that future income for this project is unlikely to be restricted and therefore all expenditure relating to this work has been defined as unrestricted.

Transfers from Unrestricted reserves to Restricted reserves have been required during the year due to the overwhelming requirement for support of the work undertaken by the 4ENTREPRENEURS Restricted Fund. The Trustees have identified that future income for this project is unlikely to be restricted and therefore all expenditure relating to this work has been defined as unrestricted.

32

33 a

Governance

Board of Trustees

Interns and Volunteers

Dilys Barnett Edwin Viegas Alezandra Udueni Frederic Jean-Baptiste (Outgoing) Jack Hounsom (Incoming) Caroline Phansi (Incoming)

As always, we’re deeply indebted to our amazing interns and volunteers. This year, they generously gave their time and expertise to help us run events, edit videos, maintain our virtual learning platforms, produce transcripts of training events, create partnerships, offer mentorship to young people, and strengthen all the other behind-the-scenes work that multiplies our impact and serves our community.

Chief Executive Officer

AmickyCarol Akiwumi MBE

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. We are satisfied that this represents a true and fair view of the financial position of The AVOCADO Foundation.

Signed on behalf of the trustees:

win ie as Dilue Barnet = Ewin Ed V | g Dilys Barnett Dilys Barnett (Chair ) Edwin Viegas (Trustee)

Extraordinary impact emerges from the daily actions of ordinary people who choose to make the most of their time, talent, and treasures.

info@theavocadofoundation.org

+44(0)844 3510072

ee https://linktr.ee/TheAVOCADOFoundation