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← Act (African Child Trust)

2025-04-30-accounts

ACT (African Child Trust )

REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

ACT (African Child Trust )

INDEX TO THE FINANCIAL STATEMENTS

Page
Trustees’ Report 1-7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11-21

ACT (African Child Trust )

REFERENCE AND ADMINISTRATION DETAILS

TRUSTEES: G. HOWES - CHAIR C. AMIAKA N. AMIAKA DR. K. ONABOLU (DIRECTOR) ADDRESS: 40 TAMWORTH ROAD CROYDON SURREY CR0 1XU BANKERS: HSBC BANK PLC 9 WELLESLEY ROAD CROYDON SURREY CR9 2AA METRO BANK PLC CENTRALE SHOPPING CENTRE CROYDON SURREY CR0 1TY CHARITY REGISTRATION NO: 1158266

INDEPENDENT EXAMINER: BODE OLANIYAN Abacus 59 Limited 215 North Street Romford RM1 4QA

ACT (African Child Trust )

TRUSTEES’ REPORT ON THE WORK OF THE AFRICAN CHILD TRUST

FOR THE YEAR ENDED 30 APRIL 2025

PURPOSE AND IMPACT

ACT was formed in 1998 to address poverty among the most marginalised groups in sub-Saharan Africa, notably orphans, fatherless children, and vulnerable widows.

Now. in our third decade, our approach remains rooted in empowering individuals and communities:

Our projects are funded through a variety of approved charitable activities conducted across the UK, Africa and globally.

By ensuring children have access from primary school through to higher education and into employment, we empower them to become self-sufficient, capable of supporting their own families and contribute to the overall development of their communities. Within the UK, we foster global citizenship through our Youth International Development Experience and Awareness (IDEA) program. We actively partner with schools, churches, and youth organizations to provide young people with an understanding of the work we do and offer them valuable work experience and volunteering opportunities.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit in reviewing the Charity’s aims and objectives and in planning future activities and setting goals for the year.

Demonstrating Our Impact

Our work is invaluable because it directly challenges the negative perceptions surrounding widows in need, as well as, disadvantaged fatherless children, and orphans within African communities. Without this critical support, these vulnerable groups face the prospect of life-long poverty.

The ACT Alumni network now comprises several hundreds of the young people that we have supported all through their education. This is a primary measure of our success. Many of our alumni are now gainfully employed, have started families, and are actively supporting their mothers, guardians, and siblings. Crucially, they are giving back to their communities by providing tangible support and mentoring the younger children engaged with ACT.

Further compelling evidence of our impact is the measurable decrease in absolute poverty rates within the communities where we operate. This demonstrates that our holistic approach yields tangible, long-term results.

ACT’s efforts remain highly relevant and urgently needed in the ongoing global effort to alleviate poverty across Africa.

We recognise that we have a lot more still to do as we work towards fulfilling our vision.

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ACT (African Child Trust )

Overseas Partners

In Africa we work in collaboration with community-based organisations and Christian churches that share our vision of alleviating poverty and supporting the women and children most in need in their community. We are operating in Burkina Faso, Democratic Republic of Congo, Kenya, Malawi, Nigeria, Tanzania, Uganda, and Zambia. Our work in the Democratic Republic of Congo and Malawi have been on hold since 2020. We hope to develop new local partnerships in the two countries when new partnership opportunities arise.

We raise funds from donors to support the education of children and orphans that are disadvantaged, to provide training in whole life skills and income generation for women (widows) and fund development projects in education, health, and sanitation to enrich the communities where we work. We work with local schools to improve the quality of education provided for pupils. We send funds raised to our partners to implement the objectives of the Charity.

When planning the activities of the charity the Trustees have given regard to guidance issued on public benefit by the Charity Commission in December 2008.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

ACT (African Child Trust) is an incorporated charity registered on 18 August 2014, Charity registration, No.1158266. Its address is at 40 Tamworth Road, Croydon, Surrey CR0 1XU. It was previously known as A.C.T. (African Child Trust) constituted by Deed of Trust dated 29 March 1999, Charity registration No.1074911, but was removed from the register of charities on 12 June 2015 after its assets and operations were transferred to the newly incorporated charity on 30 April 2015.

Recruitment and Appointment of Trustees

The governing document provides for a minimum of three Trustees, with no maximum. The Trustees are appointed by invitation of the Board of Trustees. Trustees are appointed to serve for a period of three years after which they can be reappointed by a resolution of the Trustees passed at a special meeting. Before taking up trusteeship a potential Trustee is invited to attend a meeting as an observer. New Trustees are given an induction and provided with an information pack and guidance notes about being a Trustee and about the work of the Charity.

The Charity Trustees during the year ended 30 April 2025 were G. Howes, C. Amiaka, N. Amiaka, and Dr K. Onabolu.

Staff

ACT is volunteer led, with a CEO and two other paid staff in roles coordinating the work of the charity. Volunteering is at the core of our work both in the UK and in Africa. Our model is based on providing opportunities for people interested in the charity sector to join us as volunteers, interns, and placement students, to share their skills and expertise with us. In return they receive the satisfaction of helping to transform the lives of people living in poverty for the better. Our effort in time training them is rewarded with their support for our work and minimises our staff costs. This enables us to use funds raised to support the disadvantaged children, widows and women-led households in need in Africa. The CEO is focussed on operations both in the UK and in Africa. Other staff members in paid roles are focused on donors and supporter care, communications, marketing, events, grant funding, training, and supervising our volunteers.

As of 30 April 2025, ACT had three employed staff in the UK, assisted by five volunteers.

Safeguarding

ACT Safeguarding Policy is firmly integrated into the general operation of the Charity, with a named Trustee assigned as responsible for both policy and procedures. Further evidence of the trustees’ commitment is their regular review of any issues arising at Board level. Safeguarding is a standing agenda item at the Trustees bi-monthly meeting. New Trustees are inducted in safeguarding and required to sign the safeguarding policy. UK staff and volunteers are made aware of the policy as part of their induction. Our first international Safeguarding Conference (virtual) was held in January 2023 and brought together trustees and staff in the UK with our overseas partners and their staff responsible for safeguarding. Our aim is to include a session on safeguarding at our 2-3 yearly partner conventions. ACT partners overseas are required to adopt and implement the ACT Safeguarding Policy and be aware of any local or national policies that they may be subject on project monitoring visits overseas are required to review safeguarding with partners, staff and volunteers and follow up on whistleblowing from beneficiaries. Learnings from these are shared across the ACT partnership network. Procedures are reviewed regularly internally and by an external consultant annually.

Page 2

ACT (African Child Trust )

Risk Management and Policies

The Trustees have assessed the major risks to which the charity is exposed, including governance, working overseas, safeguarding, finances, environmental/external, compliance with law and regulation, as well as disaster recovery and risk regulations. These risks are documented in a full risk register and evaluated based on impact and probability using a traffic light system. Changes that might impact a known risk are reported, evaluated, reviewed, and assessed at Trustees bi-monthly meetings, and mitigating action agreed. There is full review of the register every 6 months.

Investment Policy

Our Investment Policy aims to maximise and preserve capital value with a minimum level of risk and to provide income.

Fundraising and Financial Governance

Our work is sustained through a diverse and robust funding model, managed entirely in-house to ensure efficiency and alignment with our mission. We are funded by income from:

Operational Efficiency

We do not delegate our fundraising to professional fundraisers or commercial third parties. This commitment to in-house management ensures that our resources are maximised. Our core costs are tightly controlled, comprising mainly staff salaries with only minor expenditure on office overheads.

Ethical Fundraising and Compliance

The Trustees are committed to open and accountable fundraising practices. They ensure that all activities comply with recognised standards of fundraising and relevant charity law, thereby safeguarding the charity’s reputation and assets.

Our fundraising strategy is formally documented and reviewed annually to ensure it consistently reflects the charity's core ethos and values.

Volunteer and Supporter Engagement

Our network of volunteers and supporters plays a vital role in our fundraising success. They participate in events and challenges—both those organised directly by the charity and major national or international events. All participants are guided by our values and code of conduct established at the time of registration.

Responding to the Cost of living Crisis

The Russia-Ukraine invasion in February 2022 triggered significant global inflation, severely impacting the UK and, more so, many African economies through sharp increases in fuel, energy, transportation, and food costs. As is historically the case, the disadvantaged children, orphans, and widows we serve are the most affected by these economic shocks.

In direct response to this crisis, we immediately implemented measures to shield our beneficiaries:

Financial Resilience

We are proud to report that our finances have withstood the challenge presented by this global cost-of-living crisis. This resilience is a direct testimony to the strong, continued support we receive from our core donors and dedicated sponsors.

Page 3

ACT (African Child Trust )

ACHIVEMENTS AND PERFORMANCE

Our five-year strategic plan which is set to conclude in December 2025, has demonstrated both resilience and significant achievement despite unprecedented global challenges. While we successfully increased the total number of children and women we support, we did not reach our ambitious initial goal of doubling these beneficiary numbers set in 2020/21. This slower pace was primarily due to the lasting impact of the COVID-19 pandemic, followed by the global cost-of-living crisis, which affected both our operations and progress, as previously detailed.

Exceeding Community Development Goals

Despite these headwinds, we exceeded our targets for community development projects significantly, achieving well over 300% increase on average, in the number of beneficiaries through these projects.

A standout achievement is the success of our Dignity for Girls (Period Poverty) project:

Our overall achievements in 2024/2025 indicate we have made good progress on our strategic goals, demonstrating the relevance of our detailed plan and monitoring indicators. We continue to work diligently through this framework to ensure sustainable impact, even if the pace has been tempered by external economic factors.

Sponsored Children

In 2024/25 three hundred and fifty one (351) orphans and disadvantaged children benefitted and received full education and welfare support. Of these, fifty-three percent (53%) were boys and forty-seven percent (47%) were girls. In addition, about one thousand and fifty (1,050) other children, mostly siblings also benefitted from our welfare support including food, clothing, and health care. In that period, about sixteen percent (15.8%) of the children receiving on-going educational support were attending primary school, sixty-six per cent (65.6%) were in secondary school, eleven per cent (10.9%) were studying for university degrees. Also, about eight per cent (7.8%) were studying for a diploma or certificate at an institution of higher learning. Sixteen (16) children completed tertiary education during this period. Among them were seven (7) university graduates, seven (7) national diplomas while two (2) received certificates of vocational education training. In 2024/25, we spent £82,313 on education and welfare support for the disadvantaged vulnerable children and orphans.

Widows Project

The Women’s whole-life skills programme continues to empower widows in need in the countries where we work. Significant numbers of the women (widows) who benefitted from the training programme have set up their own small enterprises and trades. Our projects in Tanzania combine education support for children with sustainable income generation for households and families. Each family is provided with a male and female goat or pig. Income is generated from sales of the offspring of the animals and milk products of goats. By selling the offspring of their goats, one family was able to buy a cow. In 2024/25 there were 103 new animal births, increasing the total number of animals to more than four-fold and provided significant nett income for the supported families.

Countries of Operation

ACT is currently working with eight (8) partner organisations in eight (8) countries of Africa namely Burkina Faso, the Democratic Republic of Congo, Kenya, Malawi, Nigeria, Tanzania, Uganda and Zambia. Our work in the Democratic Republic of Congo and Malawi are currently on hold.

Missions Visits

There was a project monitoring trip to Nigeria in 2024/25.

Page 4

ACT (African Child Trust )

Expenditure

In 2024/25 the expenditure of the charity was £223,121 compared to

£222,583 in the previous year, an increase of £538 (about 0.24%).

Page 5

ACT (African Child Trust )

FINANCIAL REVIEW

Financial information

The Charity’s statement of financial activities and balance sheet are set out on pages 9 and 10. The Charity’s income during the year amounted to £204,042 and the split is as follows:

Donations: £
Donations - Child Sponsorship (CSP) 58,612
Donations - Other Gifts 56,604
Grants 47,997
Tax Reclaim 13,475
Others 4,612
Other income:
Fundraising Events 12,475
Interest Received 10,267

There has been a decrease (20.6 percent) in the Charity's income in 2025.

Reserves Policy

The reserves policy is focussed on achieving the outcomes that are integral to the objects of the charity and mitigating the risks that might accrue as a result. Trustees consider the key measure of sustainability of the charity to be current and future liquidity cover rather than the surplus or deficit accounting position. Consequently, trustees have set an appropriate reserves policy, which is reviewed annually relating to liquidity, based on the balance between readily realisable assets and the cash required to settle grant liabilities and sustain ACT operations for an anticipated period. Integral to the grant liabilities is the need to ensure adequate funds are available to support sponsored children that are continuing in education all through from primary, secondary, and up to university or other higher education level. This means that in most cases the Charity commits to support each child on our programme, possibly for 14 years or more, while also continuing to take on additional disadvantaged children in need into our programme as funds permit.

The majority of the charity’s income consists of donations and gifts from individuals which can be influenced by predictable factors in the UK such as inflation and the general well-being of the economy. But it is also subject to unexpected events such as the Covid pandemic and the rise in the cost of living due to the on-going war in Ukraine. The risks for the overseas beneficiaries include high inflation resulting in increasing education costs, in addition to rising cost of living, weakness in currencies, climate change factors and political unrest, all of which can affect the intended outcomes, as are currently being experienced by the beneficiaries in the countries where we work in Africa.

Trustees therefore require that sufficient funds are retained to cover the costs of the children’s educational support, including university fees for each following year, and in addition, to cover staff salaries for 3 months. Based on the current grants position, this policy requires us to hold between £85k and £90k as funds designated for the children’s education support and widows income generation programme in the 2024/25 financial year and 6 months operational running costs.

CSP

CSP is the Child Sponsorship Programme. ACT is contracting for costs in Africa, and to facilitate the process we work through local Partners in-country who must comply with the accounting and reporting requirements, which is reviewed and monitored through the ACT review process in the UK.

ACT funds the education of disadvantaged children and orphans who have completed an application form for support. Children must meet the criteria for child sponsorship as set out in the ACT Operational Handbook which forms part of the collaboration agreement signed with our partners in Africa. Our partners facilitate the child support process, they oversee the care for the families and manage the utilisation of the funds received. We send funds to the partners four monthly at the beginning of each school term. Partners are required to submit accounting returns and reports at the end of each term, using our reporting template. The reports provide updates about the sponsored children and their welfare and progress at school. Approval of the partner return and report triggers release of funds for the following school term.

Below is a summary of the CSP disbursement to ACT partner organisations.

Page 6

ACT (African Child Trust )

CSP spending 2024/25

Country Number of
Partners		 Number of children as
at end of financial year		 Amount Spent Percent of total CSP
spend
Burkina Faso
Congo DR
Kenya
Malawi
Nigeria
Tanzania
Uganda
Zambia		 1
-
2
-
1
2
1
1		 24
-
41
-
117
122
31
5		 4,928
-
14,849
-
18,504
39,838
8,278
1,825		 5.6%
-
16.8%
-
21.0%
45.1%
9.4%
2.1%
Total 8 340 88,222 100

In 2024/25 the CSP spending breaks down as follows:

In Burkina Faso the amount spent was as follows: Hope Mission (£4,928).

In Congo - no fund was sent, as partners are in transition (£0)

In Kenya the amount spent were as follows: JTAN, Webuye (£9,185) and I-Afrika, Lusigetti (£5,664)

In Malawi - no fund was sent. We currently have no partnership in country (£0)

In Nigeria the amount spent was as follows: CDLI, Ipaja (£18,504).

In Tanzania the amount spent was as follows: Tanzania Assemblies of God, Chumbageni (£723) and Rhema Jamii, Kagera (£39,115).

In Uganda the amount spent was as follows: Christian Vision/Elim Church, Jinja (£8,278).

In Zambia the amount spent was as follows: Hands of Mercy, Ndola (£1,825).

Donors

Our expanding base of individual donors form the core of our Child Sponsorship Programme (CSP) with increasing support received from UK Churches. During the year the charity received grants from UK Trusts and other organisations. The Trustees are grateful to all donors who provided funding during the year in support of the Charity. The Trustees would like to acknowledge the following organisations that made grants and donations during the financial year:

Annies Orphans Amlwch Pentecostal Church, Anglesey House of Hope International Church
Billingshurst Family Church Chiltern Church, Sutton New Life Christian Centre, Croydon
Charles Haywards Foundation Croydon Tabernacle, Croydon RCCG Builders House, Croydon
Corporate Messengers Eleanor Rathbone Charitable Trust RCCG The Sanctuary, London
The Connop Trust Tobi Adeyemi Foundation RCCG Victory House, London
Nilec Limited Samaritan's Purse, Canada St George’s Church, Waterlooville
3i Group PLC Wales AOG, Bangor

Internal Controls

The Trustees continue to uphold and improve on the charity’s system of internal controls and accounting procedures to enhance funds accountability. The Trustees would also like to thank the several volunteers who have contributed to the operation of the charity during the year.

Page 7

ACT

(African Child Trust )

PLANS FOR FUTURE PERIODS

ON BEHALF OF THE TRUSTEES: — Mrs G. Howes

----- Start of picture text -----
Dr. K. Onabolu
----- End of picture text -----

Date: 04 February 2026

Page 8

ACT

(African Child Trust )

Independent Examiner's Report to the Trustees of African Child Trust

I report to the charity trustees on my examination of the accounts of African Child Trust (the Trust) for the year ended 30 April 2025.

Respective responsibilities of trustees and examiner

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

Having satisfied myself that the accounts of the trust are not required to be audited and are eligible for independent examination, I report in respect of my examination of the Trust's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Olabode Olaniyan (FFA) Abacus 59 Limited 215 North Street Romford RM1 4QA

Date: 9th February 2026

Page 9

ACT (African Child Trust )

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 APRIL 2025

Notes
Income and endowments
Donations and legacies
Donations - Child Sponsorship (CSP)
Donations - Other Gifts
Grants
Tax Reclaim
Others
Other Trading Activities
FundraisingEvents
Investments
Interest Received
Total income and endowments
Expenditure
Expenditure on raising funds
FundraisingCosts
4
Expenditure on charitable activities
Child Sponsorship Programme (CSP)
Missions Programme
UK Support Cost of Programmes
5
CommunityProject
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
£
£
35,271
23,341
46,549
10,055
780
47,217
13,475
-
4,612
-
12,475
-
10,267
-
123,429
80,613
23,378
80
33,836
48,477
2,301
-
88,548
376
160
25,965
148,223
74,898
(24,794)
-
5,715
-
(24,794)
5,715
96,107
82,651
71,313
**88,366 **		 Total
2025
£
58,612
56,604
47,997
13,475
4,612
12,475
10,267
204,042
23,458
82,313
2,301
88,924
26,125
223,121
(19,079)
-
(19,079)
178,758
**159,679 **		 Total
2024
£
61,385
57,641
49,845
22,461
8,053
53,650
3,929
256,964
44,080
77,530
-
80,992
19,981
222,583
34,381
-
34,381
144,377
178,758

The notes on pages 11 to 21 form part of these accounts.

Page 10

ACT (African Child Trust )

BALANCE SHEET

AS AT 30 APRIL 2025

Notes 2025 2024
£ £
Current assets
Debtors 9 1,092 1,307
Cash at bank and in hand 234,896 253,305
235,988 254,612
Current liabilities
Creditors: amounts falling due within 1 year 10 (76,309) (75,854)
Net current assets 159,679 178,758
NET ASSETS 11 159,679 178,758
REPRESENTED BY:
Funds:
Restricted funds 12 88,366 82,651
Unrestricted funds - Designated 12 70,440 84,491
Unrestricted funds - General 12 873 11,616
159,679 178,758

APPROVED BY THE TRUSTEES ON 2025 AND SIGNED ON THEIR BEHALF BY: eae Mrs G. Howes Dr. K. Onabolu

The notes on pages 11 to 21 form part of these accounts.

Page 11

ACT (African Child Trust )

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below.

a) Basis of accounting

These accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)) effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

b) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c) Fund accounting

d) Income recognition

All income is recognised in the Statement of Financial Activities when the charity is entitled to the income, it is probable that the income will be received, and the amount of income can be measured reliably. The following specific policies are applied to particular categories of income:

e) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured or estimated reliably.

Expenditure is recognised on an accrual basis as a liability is incurred:

Page 12

ACT (African Child Trust )

f) Fixed Assets

The costs of minor additions or those costing below £750 are not capitalised. Tangible assets over £750 are capitalised and included at costs. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost on a straight line bases over their expected useful economic lives as follows.

Computer equipment

over 3 years

g) Pension

The charity has defined contribution arrangements for some of its employees and the costs of the contributions are accounted for as they are payable for the year of employment .

Page 13

ACT

(African Child Trust )

2. STATEMENT OF FINANCIAL ACTIVITIES BY FUND

Notes
Income and endowments
Donations and legacies
Donations- Child Sponsorship (CSP)
Donations - Other Gifts
Grants
Tax Reclaim
Others
Other Trading Activities
FundraisingEvents
Investments
Interest Received
Total income and endowments
Expenditure
Expenditure on raising funds
FundraisingCosts
4
Expenditure on charitable activities
Child Sponsorship Programme (CSP)
Missions Programme
UK Support Cost of Programmes
5
CommunityProject
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted funds
Total
2025
Total
2024
£
£
35,271
37,354
46,549
52,687
780
2,185
13,475
22,461
4,612
8,053
12,475
53,650
10,267
3,929
123,429
180,319
23,378
42,504
33,836
25,376
2,301
-
88,548
74,619
160
232
148,223
142,731
(24,794)
-
37,588
-
(24,794)
37,588
96,107
58,519
71,313
**96,107 **		 Restricted funds
Total
2025
Total
2024
£
£
23,341
24,031
10,055
4,954
47,217
47,660
-
-
-
-
-
-
-
-
80,613
76,645
80
1,576
48,477
52,154
-
-
376
6,373
25,965
19,749
74,898
79,852
5,715
-
(3,207)
-
5,715
(3,207)
82,651
85,858
88,366
82,651

Page 14

ACT

(African Child Trust )

3. DONATED GOODS, FACILITIES AND SERVICES

3. DONATED GOODS, FACILITIES AND SERVICES
Website site hosting and management
IT management		 2025
£
2,700
1,200
3,900		 2024
£
-
-
-

4. COSTS OF RAISING FUNDS

Basis
of
Allocation
Fund raising costs
100%
Printing, postage and stationery
50%
Travel and subsistence
20%
Telephone, internet and website costs
40%
Marketing, entertainment and related expenses
50%
Office rent & business rates
25%
Insurance
25%
Computer and related costs
20%
Wages, national insurance and pension
20%
Subscriptions
50%
Governancecosts
25%
Accountancy fees
25%
Officemaintenance
25%
Heat, light and water rates
25%		 Unrestricted
funds
£
Restricted
funds
£
Total
2025
£
-
-
-
77
-
77
196
-
196
470
-
470
115
-
115
2,233
-
2,233
58
-
58
780
-
780
17,945
80
18,025
68
-
68
275
-
275
180
-
180
411
-
411
570
-
570
23,378
80
23,458

Page 15

ACT

(African Child Trust )

Basis
of
Allocation
Fund raising costs
100%
Printing, postage and stationery
50%
Travel and subsistence
20%
Telephone, internet and website costs
40%
Marketing, entertainment and related expenses
50%
Office rent & business rates
25%
Insurance
25%
Wages, national insurance and pension
20%
Training courses
20%
Subscriptions
50%
Governance costs
25%
Accountancy fees
25%
Office maintenance
25%
Heat, light and water rates
25%		 Unrestricted
funds
£
Restricted
funds
£
Total
2024
£
21,555
-
21,555
96
-
96
513
-
513
2,450
-
2,450
93
-
93
1,945
-
1,945
58
-
58
14,151
1,576
15,727
-
-
-
-
-
-
205
-
205
180
-
180
427
-
427
831
-
831
42,504
1,576
44,080

5. UK SUPPORT COSTS OF PROGRAMMES

Basis
of
Allocation
Printing, postage and stationery
50%
Travel and subsistence
80%
Telephone, internet and website costs
60%
Marketing, entertainment and related expenses
50%
Office rent & business rates
75%
Insurance
75%
Computer and related costs
80%
Wages, national insurance and pension
80%
Subscriptions
50%
Governancecosts
75%
Accountancy fees
75%
Officemaintenance
75%
Bank charges and interest
100%
Heat, light and water rates
75%		 Unrestricted
funds
£
Restricted
funds
£
Total
2025
£
77
-
77
785
-
785
705
-
705
115
-
115
6,701
-
6,701
175
-
175
3,120
-
3,120
71,780
320
72,100
68
-
68
825
-
825
540
-
540
1,232
-
1,232
716
56
772
1,709
-
1,709
88,548
376
88,924

Page 16

ACT

(African Child Trust )

Basis
of
Allocation
Printing, postage and stationery
50%
Travel and subsistence
80%
Telephone, internet and website costs
60%
Marketing, entertainment and related expenses
50%
Office rent & business rates
75%
Insurance
75%
Wages, national insurance and pension
80%
Training courses
80%
Subscriptions
50%
Governancecosts
75%
Accountancy fees
75%
Officemaintenance
75%
Bank charges and interest
100%
Heat, light and water rates
75%		 Unrestricted
funds
£
Restricted
funds
£
Total
2024
£
96
-
96
2,051
-
2,051
3,676
-
3,676
93
-
93
5,834
-
5,834
174
-
174
56,603
6,303
62,906
-
-
-
-
-
-
615
-
615
540
-
540
1,281
-
1,281
1,162
70
1,232
2,494
-
2,494
74,619
6,373
80,992
6. FEES FOR EXAMINATION OF THE ACCOUNTS
Independent examiner’s fees
7. STAFF COSTS
The aggregate payroll costs were as follows:
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)		 2025
£
1,100
2025
£
84,672
3,166
2,286		 2024
£
820
2024
£
73,941
2,144
2,547
90,124 78,632

No staff received employee benefits (excluding employer pension costs) of more than £60,000 during the year (2024: none).

The monthly average number of staff (including senior management personnel) employed by the charity during the year was as follows:

Page 17

ACT (African Child Trust )

Full time equivalents of staff employed
8. TRUSTEES’ REMUNERATION AND BENEFITS
Remuneration
Pension costs (defined contribution scheme)
Number of trustees		 2025
No.
3.0
2025
£
37,100
2,400
39,500
1		 2024
No.
3.4
2024
£
42,000
2,400
44,400
1

8. TRUSTEES’ REMUNERATION AND BENEFITS

No other Trustee have been paid any remuneration or received any other benefits during the year (2024: none).

9. DEBTORS

Accrued income
Prepayments		 2025
£
914
178
1,092		 2024
£
1,133
174
1,307

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Child Sponsorship Programme (CSP)
Taxation and social security
Other creditors		 2025
£
1,680
73,586
1,043
-
76,309		 2024
£
1,540
72,980
1,220
114
75,854

The trustees have accrued as a liability disbursement payable under its Child Sponsorship Programme based on funding for two school terms and full academic year for university students. Although each child is subject to periodic review, the Charity normally accepts the school or university progress report as the basis for continued funding. Since the progress of the children and the assessment of their progress are both outside of the control of the trustees, a full accrual for this commitment is made.

Page 18

ACT

(African Child Trust )

Movement in funding commitments for Child Sponsorship Programme
during the year
Funding commitments recognised as at 1 May 2024
New funding commitments charged to the SoFA in the year
Funds paid during the year
Amount of funding commitments recognised as at 30 April 2025		 Charitable
commitments
accrued
£
72,980
82,313
(81,707)
73,586

11. ANALYSIS OF NET ASSETS

Current assets note 9 plus cash
Current liabilities note 10
Net assets
Current assets note 9 plus cash
Current liabilities note 10
Net assets		 General
funds
Designated
funds
Restricted
funds
Total
2025
£
£
£
£
3,596
144,026
88,366
235,988
(2,723)
(73,586)
-
(76,309)
873
70,440
88,366
159,679
General
funds
Designated
funds
Restricted
funds
Total
2024
£
£
£
£
14,490
157,471
82,651
254,612
(2,874)
(72,980)
-
(75,854)
11,616
84,491
82,651
178,758

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ACT (African Child Trust )

12. MOVEMENTS IN FUNDS

Restrictedfunds
Anicet Donard Medical Scholarships
Individual Donations (Community Proj)
Church donations
Samaritan's Purse (Dignity)
Jepthah Mulenga-Mutale
Individual Donations (Widows Proj )
IAfrika
CSPDirect
Martin Philips Girls' Education Trust
Mummy Fowler Fund
Individual & CAF Donations (CSP)
Austin Bailey (Uganda)
BelaquaTrust
Samaritan's Purse (Ngara)
E Rathbone Trust (Uganda)
Tobi Adeyemi Foundation
Total restricted funds
Unrestricted funds:
Designatedfunds
Generalfunds
Total unrestricted funds
Totalfunds		 As at 1 May
Receipts
Payments
Net
As at 30 April
2024
£
£
£
transfers
£
2025
£
26,033
1,400
(1,789)
-
25,644
1,725
-
-
-
1,725
-
500
-
-
500
20,803
29,642
(13,466)
-
36,979
6,840
1,200
-
-
8,040
240
50
-
-
290
1,282
13,970
(14,744)
-
508
8,592
26,730
(32,722)
-
2,600
10,086
1,506
(88)
-
11,504
240
-
(240)
-
-
-
540
(540)
-
-
337
-
(337)
-
-
1,000
-
(1,000)
-
-
5,200
(5,200)
-
-
-
1,000
(1,000)
-
-
273
4,075
(3,772)
-
576
82,651
80,613
(74,898)
-
88,366
84,491
48,484
(36,535)
(26,000)
70,440
11,616
74,945
(111,688)
26,000
873
96,107
123,429
(148,223)
-
71,313
178,758
204,042
(223,121)
-
159,679

Page 20

ACT

(African Child Trust )

12. MOVEMENTS IN FUNDS (CONTINUED)

Restrictedfunds
Anicet Donard Medical Scholarships
Individual Donations (Community Proj)
Charles Hayward Foundation
Accenture
Investment One (Dignity)
Samaritan's Purse (Dignity)
Jepthah Mulenga-Mutale
Individual Donations (Widows Proj )
IAfrika
CSPDirect
Martin Philips Girls' Education Trust
Mummy Fowler Fund
Individual & CAF Donations (CSP)
Austin Bailey (Uganda)
BelaquaTrust
Samaritan's Purse (Ngara)
GilchristTrust
Haramead Trust (Ngara)
Peter Stebbings (Tanzania)
OakTrust
SouterTrust
Barnabas Trust
A Trust
Tobi Adeyemi Foundation
Total restricted funds
Unrestricted funds:
Designatedfunds
Generalfunds
Total unrestricted funds
Totalfunds		 As at 1 May
Receipts
Payments
Net
As at 30 April
2023
Restated
transfers
2024
£
£
£
£
£
20,583
5,454
(4)
-
26,033
4,377
40
-
(2,692)
1,725
1,399
-
(6,314)
4,915
-
77
-
-
(77)
-
2,225
-
-
(2,225)
-
10,888
27,476
(17,561)
-
20,803
5,640
1,200
-
-
6,840
40
200
-
-
240
352
2,101
(1,171)
-
1,282
8,499
21,998
(21,905)
-
8,592
9,559
1,274
(747)
-
10,086
240
-
-
-
240
1,039
720
(824)
(935)
-
-
1,000
(663)
-
337
-
1,000
-
-
1,000
-
5,200
-
-
5,200
-
1,170
(1,170)
-
-
7,718
-
(7,718)
-
-
3,652
-
-
(3,652)
-
750
1,000
(1,750)
-
-
2,725
-
(7,275)
4,550
-
-
2,000
(3,108)
1,108
-
992
-
-
(992)
-
5,103
4,812
(9,642)
-
273
85,858
76,645
(79,852)
-
82,651
58,200
52,115
(25,824)
84,491
319
128,204
(116,907)
11,616
58,519
180,319
(142,731)
-
96,107
144,377
256,964
(222,583)
-
178,758

Page 21

ACT (African Child Trust )

12. MOVEMENTS IN FUNDS (CONTINUED)

RESTRICTED FUNDS

Restricted funds are for the following purposes:

University Students Support

Donations from individual sponsors to support university students in Africa is on-going and was partially expended.

Anicet Donard Medical School Fund

Fund to support disadvantaged children to study medicine and associated subjects at a university in Africa is on-going.

Tobi Adeyemi Foundation

Grant to support exceptionally gifted children in secondary school in Africa is on-going and was partially expended.

Austin Bailey Trust

Grant was made to support the education of children in Uganda and was partly expended.

I.Afrika

Donations from individual towards the welfare support of children at I.Afrika are forwarded as received.

Widows Business Skills Training (WBST)

Donations for skills training of widows in Africa are ongoing and were partially expended.

Samaritan’s Purse Canada (Cambridge Global)

Grant for Dignity Project, Summer School and Financial support for the Education of disadvantaged children in Ipaja, Nigeria received late 2023-24, c/f to 2024-25

Charles Hayward Foundation - Grant for Dignity Project, Ipaja, Nigeria.

Jephthah Fund

Fund to support special needs children and those born in extremely unfortunate circumstances. The fund is ongoing.

Martin Phillips Girls Education Fund

Funds to support the education of girls who have received admission to University in Africa was partially expended.

Page 22

ACT (African Child Trust )

13. OPERATING LEASE COMMITMENTS

The Charity leases its office accommodation on non-cancellable operating lease. At 30 April 2025, the charity had annual commitments of £7,488 (2024 - £6,988) under the lease which is renewed yearly.

14. GUARANTEES

No guarantees have been made, which result in an outstanding potential liability as at the year-end date.

15. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

a) Trustees’ remuneration and benefits

Dr K Onabolu, Trustee received remuneration of £37,100 for the year (2024: £42,000), together with payment of £2,400 to his pension plan (2024: £2,400). Payment to Dr K. Onabolu was approved by the Charity Commission. The sealed Order was signed on 15 January 2007. He is remunerated to manage and develop the Charity, to direct its projects, to oversee the administration, to promote it to other organisations, trusts and companies and to communicate effectively with the Charity’s many stakeholders.

No other Trustee have been paid any remuneration or received any other benefits during the year (2024: none).

b) Trustees’ expenses

Travel
Subsistence
Accommodation
No. of trustees reimbursed for expenses or who had expenses paid by ACT		 2025
£
1,818
16
467
2,301
1		 2024
£
-
52
95
147
1

c) Other related party transactions

There were no other related party transactions during the year (2024: none).

Page 23