REGISTERED CHARITY NUMBER: 313561 REPORT OFTHE TRUSTEES AND UNALTDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 FOR AFRICAN STUDIES ASSOCIATION OFTHE UYITED KINGDOM Chariot House Limiied Chartered Accounian 44 Grand Parade BriJton East Sussex BN? 9QA AFRICAN S'I'UDIF.S ASSOCIATION OF THE UNITED KINGDOM CONTENTS OF THE FIYANCIAL STATF.MENTS FOR THE YF.AR ETr4DED 31ST DECEMBER 2021 Page Report of ihe Trustee5 Independent Examiner's Report Statement of FinaThcial Activities B31artee Sheet Notes to the Financial Statement% 10 10 14 Detailed StgteTneNt of Financial Activities 15 AFRICAN STUDIES ASSOCIATION OFTHE UNITF.D KINGDOM REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021 The trnstees present their report with the financial s￿eT￿ents of the chariry for the year ended 31 st Decefflber 2021. The trustee5 have adopted the provisions of Accounting and Reporting b), Chariiies.. Statement of Recommended Practice applicable to chariiies preparino their accounts in accordance with the Financial R¢porting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effective l JanuaT), ?019). ORJECTIVES AND ACTIVITIES Objectives and The object of the Association is to advance African Studies. Particularly in the United Kingdom, by providiTtg facilTtie5 for the interchange of infoTmatton and ideas and the ¢&ordinaiion of activitie5 by and between persons and insiiiutions tonceTned with the study of Africa. Public benefit In shaping our objectives and plannintr our activiiies for the N'vdr. Ihe TTusiees hav¢ given consideration to the duiies set out in Section 17{5) of the Charities Aci 201 I to have due r￿ard to public benefit. In panicular, Ihe Trustees have tonsideied how the planned aciivities will contribuie to the overnll aims and objeciives thai ihey have set. The TnEStees believe that ihat following paTagrdphs relate in detail to the benefit thai ihe Charity provides to the public. ACHIEVEMENT Af4D PERFORMANCE Charitable activities In a year still blighted by the COVID-19 pandeTlliC, plan5 were in full swing for a three location Conference in person and online, in September 2022. Titled Dtaspora Remillance Flows.- Restitution. CulttEre and Capital ￿'1th partners at IFRA Ibadan. and the BIEA Nairobi, and Liverpool University. The Trusiees approved a new award. The ASAUK Pogihumous Awar(Ls will be made to a s¢holar whom by their writin ideas a￿d wider work made a signiftcant impact on AfrI￿n scholaT5hip. The inaugural prize will be awarded at the Conferen¢e. Collabordiiye work with the Ro)'al African Society and activtties of the All-Part)' Parliamentary Group for Africa (AAPPG) continued, namely the education report on decolonising the C￿￿1£u1um, WOTk on researching the U'nilever ArchTves. and the celebrat50n eyents marking the 120 year anniversary of the RAS. The Mary Kingsley Zochonis Lecture involved two onl1￿c lectures given by Gibson Ncube and Dr Neo Pule. tilled 'Queerness is Unafrican?: The Complexity of Non-llorniative Sexual and Gender Identllies in Afiica. and 'Decoloni5ing Research Methodologies in Psychology= Social Dream DraM'ing Siudies of the Student LeadershÈp Context in South Africa. respectively. Both lectures were hosted online and Can be wai¢hed on ASAUK'5 YouTube. Both speakers were supported by ASAUK in presenting panels ai the next African Swdies A&soCi￿10n of Afn"ca's conference taking place in Johannesburg in 2022. During the year. the Trnstees also appn)ved seveTal future focused 5tr&tegie5= developing partner organisation links and ASAUKNextGen202(kF. For the fomier. the aim is for officeT5 to explore further developing links with partner organisations, including the African Studies A550cialion: African Sthdies Associalion of Afiic& Lagos Studies Association and Easiern African Liierary and Cultural Studies Associarion_ ASAUKNexiGen2020+ is a progrdmme to build and support the next ASAUK generdtion. The events bring UK-based ASAUK members together with Africa-based collea. (rues. Events so far have included di%ussion groups. mini-conferences and gallery tours. Page I AFRICAN STUDIES ASSOCIATION OF THE UNITED K1Tr4C"DOM REPORT OF THE. TRL'STEES FOR THE I'EAR ENDED 31ST DECEMBER 2021 FINANCIAL REVIEW Reserwts policy The reserves policy is io mainiain an operdtional reserve equivalent to at leasi l Jeavs non-conference uniestricted expenditure plus a £50.000 coniingency for any unforese¢n deficit arisino on the biennial conference. Ai )1 Deeember 2021 this amounts to about £90.000. The accumulaied unrestricred fund5 ai ihat date were £1 i1.717. The Trustees will review how the exces5 of funds above the level of reserves determined b!. the chatitw's policy inay be best utilised in accoTd8nce 'ith its charitable objects, and in panicular with regard to the ne￿ financial and other challentses created by the Covid-19 pandemic. Going concern The Trustees are of the opinion that the asseis and reserves of the Society.- in ihe light of its committed income. expendithres and cash flows. are adequate to support its on-going charitsble aciiviiies and obligaihon5. Investment powtrs, Polic) and Perforniance The Associaiion funds are invested with COIF ChariN Fund% administered by CCLA Investment Management Lirnited. The T￿Stee5 are satisfied w'ith ihe perforn)ance of the funds. will allo￿ changes to a different COIF fund in response io the very low snterest rates offered. Grant making Policy The Assocthation is not a grant making bodv bui does 50metiTnes made donations to charÉiies with similar aims to its own. It also awards annual prizes io individuals in accordance with its aims. Governance and Internal Control The Tlusiees continue io review major risks aTKi implement policies desioned to reduce iheir possibility and impact. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity 15 tontrolled by its (Toverning documet)i. a deed of trust and constitirtes an unincorp)rated charity. Org#nisalional structure The Asgociaiion 15 conirolled by an elected council Comprisin 10 Officers (the pr￿Iden1. the Vice-PresidenL the Honorary Secretar!,. Ihe Honorary Treasurer, the Projects oÉficets and the Newslener Editor). 21 Ordinary Members and not more than eioht Co-opied MeTnbers. Related parties The Association coniinues tts work with the Ro}'al African Socie￿. (RAS). the Association of Cotnmonwealth Universities, the British Academy and the Societj for Collection of Librarv Materials on Africa (SCOLMA). A keTr feature has remained the impact of Open Access publishing, especially in Africa. Risk management The principal risk faeed by the Charl￿. is its abilily io secure adequaie incoTne to fund its Charitable aciivities. The uncertainty created bv the Covid-19 pandemic, draws this risk into shaTper f(xus. There ￿.711 be a hybrid in-persL)n and virtual biennial Conference in September 20?2. Historicallv ihe Conference has generated a sU￿]uS which has been available to be used other charitsble activities. ASAUK are exploring alternative incotne styeams to make the Association more sustainable in the future. The Trustee5 belIe￿e there are sufficient accumulaied reserves and fund5 available to enable theln to continue a Eneaningful progrdmme of charitable activities Én the next 2-3 years and in the long terni. Page 2 AFRICAN STLTDIES ASSOCIATION OFTHE NITED KINGDOM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number i13561 Principal address l O Thomhattgh Stseei London WCIH OXG AFRICAN STUDIES ASSOCIATION OF THE UNITED KINGDOM REPORT OF THE TRUSTEF.S FOR THE YEAR ENDED 31ST DECEMBER 2021 Tru5tetS Dr Ola Uduku- Apw1n￿d President 10.09.20 Di Carli Coetzee- Appointed Vice President 10.09.20, elected Proje¢1 Officer since 01.01.17 Dr David Kerr- Appoinied Hon Sec l i.01.20. appointed W'ebsite O￿l¢er 07.09.16. Elected member since 09.09.14 Dr Lollisa Eubunike- Apw)inied Hon Treasurer 10.09.20. Elecied member Since 07.09.16 Dr Vincent Hiribarren - Appoinied Project Officer 13.09.18. Eleeied member since 23.10.17 (retired 30.04.21) Dr MLX Bolt- Appointed Ptoject Officer 16.10.19. Elected rnember since li.09.1 i Dr Simon Heap- Appoinieopted Tnember since 18.09.10 Dr Adrian van Klinken - Elected member since 16.10.19 Lucy Mccann - Co-opted member since l)9.09.14 Dr Jose Liniyna Nafafe- Elected member since 15.10.15 (rrfired 07.1021) Simon Manda- Elected member since 07.10.21 Zaahida Maiiam Nabaoerek- Elected meTnber since 07.10.?1 Dr Helen¢ Neveu Kringlebach - Elect¢d metnber since li.09.18 Dr Nici Nelson - Ctpopied member since 15_0120 Dr Katharina Oke - Elected member since l).09_18 Sarah Ozo-Ir3bor- Elected Tnember since 07.10.21 Nathan Richards- Elected tnember since li.09.1 Dr Elsbeth Robson - Elected member 5hnce 16.10.19 Dr Portia Roelafs- Elected member since 16.10.19 Sheila Ruiz- Co-opted member since ?O.Oi.16 (retired 01.04.21) Rama Salla DIen￿_ Elecied mernbei since 10.09.?0 Dr Ricardo Soaies de Oliveirn- C(>-opied rnember since 24.05.19 Dr Sharifah Sekalala- Elecied member since 07.09.16 James Wan - Elected member since 10.09.20 Dr Nick Wesicott- Co-opted memE¢r since 30.04.21 Page 4 AFRICAN STUDIF.S ASSOCIATION OF THE UNITED KINC.DOM RF.PORT OFTHE TRUSTEES FOR THE YEAR EYDED 31ST DECEMBER 2021 REFERENCE AND ADMJNISTIL4TIVE DETAILS Independent ExaThiTher John Thacker FCA DChA Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA Assistant Honorary Secretary Lizzie Oiekoya Bankers Barclays Bank PLC Abbey House 2 Victoria Street London SWIH OND CCLA COIF Charity. Funds Senator House 85 Queen Victoria Streei London EC4V 4ET STATEMENT OFTRUSTEES, RESPONSIBILITIES The iru5tees are responsible for preparing ihe Report of the TTusiee5 and the financial siatements in accordance with applicable law and Uniied Kin. dom Aecouniing Stsndard5 {L'niied Kinodom Generall￿ Accepted Accounting Practice). The law applicable io charities England and Wales, the ChariiTe5 Act 201 T. Charity (.4ccounts and Reports) Re. (Tulations 2008 and the provisions of the trust deed require5 the m]siees io prepare financial stsiement5 for each financial veal w'hich give a true and fair view of the state of affaits of the chariry. and of the incoming resources and applicaiion of ie50urc¢s. includin*7 the income and ex￿ndItUre. of the chariry for thai period. In preparing those financial staietnents. the trustees aTe required to select suitable accouniing p)licies and ihen apply them Consi￿ent]y- observe the meihods and principles in the Charity SORP,. make judgements and estimates that are ieasonable and prudent: prepare the financial siateTnents on ihe goino concern basis unless it is inappropriaie to presume lat the charity will continue in business. The injstees are responsible for keeping proper accounting records which disclose with reasonable accuiac). at any time the financial position of Ihe charity and ro enable theTn to ensure that the financial sraremenis comply with the Charities Aci 2011, the Chariw (Accounts and Repons) Regulations Y(K)8 and the provisions of the trust deed. They are also responsible for safeguardino the a55ets of the charity and hence for raking reasonable sreps for the prevention and deteciion of fraud and other Irre￿ularttie$. Page 5 AFRICAN S"TUDIES ASSOCIATION2 OF THE UNITED KINGDOM REPORT OF THE TRUSTEES FOR THE YEAR EINDED 31ST DECEMBER2021 Approved by ord¢r of the board of trustees on ... ..4 Sewember 2022................ and signed on its behalf by.. Dr Egbllnike- Trnstee Page 6 INDEPENDENT EXAMINER'S REPORT TO THE TRL'STEES OF AFRICAN STUDIES ASSOCI.4TION OF THE UNITED KINC.DOM Independent ex2miner'$ report to the trustecs of Afri￿￿ Stsdie5 Associatton of the United Kingdom I report to the chariry trustecs on MN. examin￿lon of the account5 of African Srudies Association of the United Kingdom {the Trusrl for ihe year ended i15t Ikcember 2021. Re5ponsibiliti¢s and basis of ￿pOrt Ag the charity trllstees of the Tru51 you are resw)nsible for ihe preparntion of the accounts in accordance wilh ihe requirements of the Chariiies Act 2011 {'the ACY). I report in respect of MJ. examinatson of the Trusvs accounts carried out under section 145 of the Act and in carri'ing out Tny examination I have followed all applicable Dtrections uiven by ihe Charity Commission under section 14i{5Xbl of the Act. Independent examiner's $tatetNenl I have completed Tlly examination. I confimi thai no material Tnatters have come to my attention in connectÉon with the examination uiving me cause to believe thai in any material Test*d= accounting records were no( kepi Èn respect of the Twsl as required by section 130 of the Act- or the accounts do not a¢¢ord wilh those records- or the accounts do not comply with ihe applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Reoulaiions 21)08 other than any requirement Ihat the accounts give a irue and fair view which is not a matter considered as part of an independeni examination. I have no concerns and have come across no other matters tn connection with the examination to which attention should be drawn in ihis re￿rt in order to enable a proper understanding of the accoun￿ to be reached. fL4 John Thacker FCA DChA Chariot House Limiied Chanered Accountsnts 44 Grand Pardde Brighion East Sllssex BN? 9QA Date.. p￿￿e 7 AFRICAN STL,DIES ASSOCIATION OF THE UINITED KINGDOM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDF.D 31ST DECE,MBER 2021 2021 Total nds 2020 Total funds Unresirirted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and leoacies 35 35 188 Charitgble 2CtivitRes Conference Receipt5 Wriiing Workshop Member Subscriptions 649 32,321 9,603 9,603 7,468 Investment income 213 Total 9,647 32.321 41.968 8,518 EXPENDITURE ON Charitable activities Newslctter Conference Expenditure Support Costs wr￿lIng Workshop 1,720 1.720 1.899 1,854 17,996 16.617 16.617 32,654 32.654 Total 18.337 32.654 50.991 21,749 NET INCOMEI(EXPENDITURE) (8,6￿) (333) {9,02J) (13.231) RECONCILIATION OF Fuf4DS Total funds brought forward 140.407 4.045 144,452 157.683 TOTAL FUNDS CARRIED FORWARD 131.717 3,712 l J5,429 144,452 The notes fortn part of these financial sratetnents Page 8 AFRICAN STUDIES ASSOCIATION OF THE UNITF.D KIYCJDO￿I BALANCE SHEET 31ST DECEMBE112021 2021 Tothl funds 2010 Total funds Unrestrirted fun Restricied funds Notes FIXED ASSETS Tanuible assets CURRENT ASSETS Cash at bank li5.086 3.712 138.798 147.710 CREDITORS ATnounts falling due within one year (i.i70) {3.370) 132)9) NET CURRENT ASSETS 131.716 3.712 135,428 144.451 TOTAL ASSETS LESS CURRENT LIABILITIES 131.717 3.712 li5.429 144,452 NET ASSETS lil.717 3.712 li5.429 144,452 Unrestricied funds Restricted funds 140.407 4,045 3.712 TOTAL FUNDS l J5,429 144,452 The financÈal slatements w¢re approved by the Board of Trumees and authorised for issue on .....4' September 20?? and were signed on its behalf by.. Dr Egbunike- Trustee The notes fomi part of these financial sraiements Page 9 AFRICAN STUDIES ASSO UNITED KIN'Gt)OM IATION OFTHE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 ACCOUNTIIYG POLICIES Basis of preparing the finanti*l statemeDts The financial statetnellts of ihe charily. whtch is a public benefit cntit). under FRS 102: have been prepared in accordante with the Chariiies SORP (FRS 102) 'Aecouniing and Reporting by Charities.. Statement of RecoTntnended Practice applicable to charilies preparino their accounts in accoidan¢e with the Financial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191,. Financial Reporting Siandard 10? 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, and the Charitie5 Act 201 l. The f￿anCIal statements have been ptepared under the hisiorical cost conveniion. At the time of approving the financial statemenlk ihe mistees have a reasonable expectation that ihe charity has adequate resources io continue in operational existence for the foTeseeable fuwre, including takino into account any potential impaci of the Covid-19 pandemic. and on Ihat basis the Charl￿ is considered io be a going concern. Income All income is recoonised in the Stsietnent of Financial Aciivities once the charity has entitlement to the funds, it is probable that ihe income will be received and the amount can be mrasured reliably. Expenditure Liabilities are recognised as expenditure as 500n as there is a letsal or constn]ctive obligation COTnmitting the charity io rhat expenditure. it 15 probable thai a transfer of econoinic benefits ￿111 be required in settlement and the amount of the obligation can be measured reliablv. Expenditure is accounted for on an accrna15 basis and has been ¢lassifJed under headings thai aggreoate all cosi related to the category_ Where costs cannot be directly attributed to particular headings they have been allocaied to activitie5 on a basis consi5teni with the use of resources. Grants offered subject to conditi0115 which have not been ai the year end dale are noted a5 a commitment but not acerned a5 expenditure. Tangible fixed assets Depreciation is provided ai the following annual ra￿$ in order to write off each asset over its esliinated useful life. Fixtures and fillings 330/0 on cost Taxgtion The charity is exempi frotn tsx on its charitable aciiyiiies_ Fund5 The Charity has various types of ￿ndS for which it is responsible-. Unresthcied Funds- these fvnds are for use on the oeneTal charirable objectives of the Chority. Desitsnated Funds - these finds are unrestricted fvnds of the charity which have been sd aside by the Trustees to fund particular fuiure activities. Restritied Funds - these funds are foT 5￿cIr￿¢ p￿r[￿)Se5 &5 laid down by the donor- expenditure which meets these criteria is charged to the fvnd together wtih a fair prowTrrtion of mana(Fefftent and support tosts. continued... AFRICAN STLDIES ASSOCIATION OFTHE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMEN'TS- continue FOR THE YEAR ENDED 31ST DECEMBER 2021 INVESTMENT INCOME ?021 20?0 Interesi receivable 21) TRUSTEES, REMUNERATION AND BENEFITS There were no mjstees, reMune￿i0n or other benefits for the year ended 3 1st tk¢ember 2021 nor for the year ended ilst tkcernber 2020. Trusttts. expense5 During the year ended 3]￿ Decetnber 2021. NO trusttts were reirnbursed travel expenses {2020." £916, 9 Trustees). COMPAIUTIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnTe5tricted nds Restricted funds Total fund5 INCOME AND ENDOWMENTS FROM t)onaiions and le(racies 188 188 Charitable activit5es Conference Receipts Member Subscriptions 619 7.468 649 7,468 Investment income 21i 21) Total 8.518 8.518 EXPENDITURE ON Charitablt activitie5 Newsleiier Conference Expendilure Support Costs 1,899 1,854 17.996 1.899 1.854 17,996 Total 21.749 21,749 NET IP4COMEI(EXPENDITURE) (132il) RECONCILIATION OF FUNDS Total fund5 brought forward 153,638 4,045 l i7,683 Page 11 continued... AFRICAN STUDIES ASSOCIATION OFTHE UNITED KI￿GDOm NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- coThtinued Unrestricted Restricted funds funds Total nds TOTAL FUNDSCARRIED FORWARD 140.407 4,045 144,45? INDEPEiYDENT EXAMif4ER'S FEE The Ind¢pendent ExaTnin¢ls fee amounted to £1,104 {20?0.. £1:080). TANGIBLE FIXED ASSETS Fixtures and fittings COST At I st January 2021 and i 1st December 2021 844 DEPRECIATION At I st January. 2021 and 3 1st tkcember 2021 NET BOOK VALUE Ai J 1st December 2021 Ai 3 1st December 2020 CREDITORS: AMOUP4TS FALLING DUE WITHIN ONE YEAR 2021 2020 Other CTeditors 3,370 MOVEMENT IN FUNDS Net movement in funds At 31112121 At 111121 Unrestricted funds Geneial fund 140.407 (8.6901 131,717 Restricted funds Writing Workshop 4,045 (333) i,712 TOTAL FUNDS 144,452 9.023) 135,429 Page 12 continued... AFRICAN STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMEYTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2021 MOVEMENT IN FUNDS- colltlDued Net movetnent in funds, included in the above are as follows= Incoming resources Resources expended Movement in fund5 Unre5trict¢d funds General fund 9,647 (18.337) (8,690) Restricted fuThd5 Writing Workshop (J2.654) TOTAL FUNDS 41.968 50,991) 9.023) Comparatives lor Thove￿e￿t ID funds Net movement in funds At 31112120 Ai 111120 Unrestricted fund5 General fund 15i.6i8 {lJ,2il) 140,407 Restricted fullds Wiiiinu Workshop 4.045 4.045 TOTAL FUNDS 157.68i li.2Jl) 144.452 Comparative net movement in fund& included in the above are as follows- Incolnino resources Resources expended Movement in funds Unrestricted funds General fund 8.518 (21,749) (li,231) TOTAL FUNDS 8.518 ?1.749) Page 13 continued... AFRICAN STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS- continlled FOR THE YEAR ENDED 31ST DECEMBER2021 RELATED PARTY DISCLOSURES There were no related party tran&qctions for the }'ear ended i 1st tk¢eTnbeE 2021. Page 14 AFRICAN STLDIES ASSOCIATION OF THE UNITED KINGDOM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31ST DECEMBER 2021 2021 20?0 INCOME AND ENDOWMENTS Do￿atIonS and legaeies Donaied services and faciliiies 35 188 Investrnent iThcome Interest receivable 213 Charttable activities Conference Receipts MeTnber Subscriptions Grants 649 1,468 9,603 32,321 41.924 8,117 Total incoming resources 45,968 8,518 EXPENDITURE Ch#rit#bIe activities Newsletter Conference Expenditure Prizes Wriiinu Workshop costs 1.720 1,899 1.854 636 32,654 34.i74 4.389 Support £ost5 Managernent Support Costs Travel & Meeting Expenses 16.617 16,444 916 16,617 Total resources expended 50.991 21,749 Net expenditure 9,023) 13 ?311 This page doe5 not fortn part of the Maiutory financial statcm¢nt5 Page 15