ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
TREND IN AFRICA
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1186066
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
TREND IN AFRICA
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 13 | Notes to the Financial Statements |
| Page 14 | Independent Examiner's Report |
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TREND IN AFRICA
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1186066 DATE OF REGISTRATION 31st October 2019 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31ST MARCH 2024 Prof. Thomas Baden Dr. Laura Prieto Godina Dr. Pauline Essah Dr. Jelena Aleksic LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 31st October 2019
OBJECTS
The advancement of education in the field of Natural Science, in particular on the African Continent by: 1 . Facilitating in the conduction of research in Natural Sciences. 2 . Organising and running training courses and seminars in Natural Sciences for African based researchers and University students. 3 . Organising and running science outreach events on the African Continents for all members of the public, including School and University students, teachers, parents, professionals and decision makers. 4 . Organising the collection, shipments and distribution of donated laboratory equipment and reagents for African based researchers.
CORRESPONDENCE ADDRESS 15A Sussex Heights St. Margaret's Place Brighton BN1 2FR PRIMARY BANKERS Lloyds Bank Plc 25 Gresham Street London EC2V 7HN
INDEPENDENT EXAMINERS
Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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TREND IN AFRICA
(Charitable Incorporated Organisation)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
TReND in Africa Introduction
TReND in Africa team believes that education and scientific innovation are at the basis of economical and societal development. We perceive that is imperative for every society to have a local group of scientists, that while forming part of the global scientific community, can tackle problems at a local level. Furthermore, it is essential that these local scientists engage with the general population and their governments, for these to implement informed, scientifically-backed policies.
This becomes particularly evident during crises, such as the recent Ebola epidemic, or the current coronavirus global pandemic. Here, trustworthy local scientists can play a crucial job in the education of the population, and the implementation of socially responsible behaviours.
Since its inception in 2011 TReND in Africa supports biomedical research and education in the continent through diverse, complementary activities. These include:
• Organisation of courses for African scientists on the latest cutting-edge topics. Through these, we have educated over 850 scientists from 22 different African countries, from MSc students to professors, to date.
• Running an exchange volunteering program , where experts from around the world spend time at an African university to assist with research, teach, promote international scientific interactions, or participate in project collaborations with online meetings, conferences, and workshops.
• Coordinate equipment donation programs to provide universities with the facilities they need to carry out science.
• Operate regular outreach events hosted by our alumni in their local communities and high schools to promote science and research to the younger generations.
• Engagement it with local and national politicians and policymakers to push for better scientific research and education support across the African continent.
• Development of laboratory and research equipment that can be build and repaired locally using accessible tools and open source technologies.
All these activities are developed and implemented by volunteers, allowing the TReND team to able to use all grants and donations exclusively on projects that will directly benefit African researchers and their communities, with very little administration overhead.
TReND-CaMinA: Computational Neuroscience and Machine Learning in Africa
Date: June 11-24, 2023
Location: WACCBIP, Accra, Ghana
This course was designed to enhance scientific capacity in Africa by educating students and researchers in computational neuroscience and machine learning. The two-week immersive program brought together participants from various regions, fostering collaboration and knowledge sharing. The event was hosted by the West African Centre for Cell Biology of Infectious Pathogens (WACCBIP) at the University of Ghana, a key partner of TReND.
TReND aims to establish this course as an annual core program, creating a strong network of African computational neuroscientists and machine learning experts to support future initiatives.
Organisational Update
Samyra Salek’s Departure:
· Samyra Salek will step down from the position of General Coordinator. Due to a lack of funds, this role will not be reopened for new applicants.
TReND in Africa will undergo restructuring, with existing coordinators assuming responsibilities previously held by Samyra.
· Trustees, led by Tom Baden and Lucia Prieto-Godino, will engage active members to oversee ongoing projects and recruit new volunteers.
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TREND IN AFRICA
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Other Incoming Resources 3b TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 98,126 - 98,126 59,397 - - - 668 98,126 - 98,126 60,065 34,935 2,472 37,407 57,271 990 - 990 1,410 35,925 2,472 38,397 58,681 62,201 (2,472) 59,729 1,383 35,601 2,472 38,073 36,690 97,802 - 97,802 38,073 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements.
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TREND IN AFRICA (Ch3ritabk Inc(YporaW 0rganisats.onl BALANCE SHEET AS AT 31ST MARCH 2024 TOTAL 31-Mar-24 TOTAL 31-M8r-23 FuThts Flxed Asmts Tanoble Assets Investments Total Flxed A880ts cuttentAts Debtor5 & Prepayrn8nt8 Cash at Bank and in Hand Totsl Currlnt 9•ts 99,752 99.752 99.752 99.752 39.033 39,033 Crgdltor4: Amountsf8lllro dLW wmhln t>rn ygar 1.950 NET CURRENT A88ETS 97. 97A02 38,073 TOTAL A&8ETS1oBS current ItsWW•s 97.8W2 97.802 38,073 Cr•dltor'. Amounts falllro In mcrfe ¢Me year 10 NET Assrrs 97.802 97.802 38,073 Fundof th• Chjrtty G6nèr81 FwdB Restricted Funds 97002 97002 35,e01 2A72 Totol Fund• 97.802 07.602 Approved by tke Trustsason............ si9rd on t1r beha byTr Prlnt¢(J Name..
TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction The 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 financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Straight Line Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2024: None 31st March 2023: None
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TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations Grants Received b) Other Incoming Resources Sundry Income 4. RESOURCES EXPENDED |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 212 - 212 2,791 97,914 - 97,914 56,606 98,126 - 98,126 59,397 - - - 668 - - - 668 |
|---|---|
| a) Cost of Charitable Activities Administrative Expenses Bank Charges Gifts & Donations Insurance Costs Projects Costs Sundry Expenses Training Costs Travel & Subsistence Website Costs ` b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 398 893 1,291 540 81 - 81 180 16,984 - 16,984 5,500 112 - 112 - - 1,579 1,579 8,465 255 - 255 12 16,016 - 16,016 35,960 427 - 427 6,528 662 - 662 87 34,935 2,472 37,407 57,271 990 - 990 960 - - - 450 990 - 990 1,410 |
|---|---|
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TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
5. RESTRICTED FUNDS
CURRENT FINANCIAL PERIOD
| Wellcome Trust - ASNL Project Fund PREVIOUS FINANCIAL PERIOD Wellcome Trust - ASNL Project Fund |
Balance Balance 01-Apr-23 Income Expenditure Transfers 31-Mar-24 £ £ £ £ £ 2,472 - 2,472 - - 2,472 - 2,472 - - Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ - 10,937 8,465 - 2,472 - 10,937 8,465 - 2,472 |
|---|---|
The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.
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TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial year.
7. CASH AT BANK AND IN HAND
| Unrestricted | Restricted | TOTAL TOTAL |
|
|---|---|---|---|
| Fund | Fund | 31-Mar-24 31-Mar-23 |
|
| £ | £ | £ £ |
|
| Cash at Bank & in Hand | 99,752 | - 99,752 39,033 |
|
| 99,752 | - 99,752 39,033 |
||
| 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL TOTAL 31-Mar-24 31-Mar-23 £ £ - - - |
| - | - - - |
||
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Independent Examiners Fees |
Unrestricted Fund £ 1,950 |
Restricted Fund £ |
TOTAL TOTAL 31-Mar-24 31-Mar-23 £ £ - 1,950 960 |
| 1,950 | - 1,950 960 |
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial year.
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ - - - - 97,802 - 97,802 38,073 - - - - 97,802 - 97,802 38,073 |
|---|---|
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TREND IN AFRICA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
12. STAFF COSTS AND NUMBERS
The CIO employed no members of staff during this or the previous financial year.
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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TREND IN AFRICA
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Trend in Africa on the accounts for year ended 31st March 2024 set out on pages 6 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 26th March 2025
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