GHANA INTERNATIONAL FOUNDATION
The Foundation is sponsored by the London based Ghana International Bank plc with the objects of providing relief to persons in Africa in general but especially in Ghana, from conditions of need, hardship or distress and the furtherence of education. The Trustees are all based in London.
Financial health, per its FY2024 accounts
The accounts state that the charity reported an excess of expenditure over income of £14,203 for the year, reducing its total unrestricted funds from £45,368 to £31,165. The charity relies principally on donations from its sponsor, Ghana International Bank plc, and maintains a de minimis reserve policy of £2,000 per annum. The trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees currently maintain a de minimis reserve level of £2,000 per annum, below which no commitment is made by the Foundation for any award of grants.”
“Donation from the Bank of £50,000 (2023 £50,000). Independent examiner's fees of £1,920 (2023: £1,920) and accountancy fees of £1,560 (2023: £1,800) were paid on behalf of the Foundation by GHIB from its own funds in 2024 and shown in the financial statements as donated services.” — page 16
Trustees
- LORD PAUL YAW BOATENGchair
- Calum Thomson
- DEAN ADANSI
- Dr Zakari Mumuni
- Hueggert Annan
- Kwesi Afrey Biney
- Raymond Jacob Bakary Sambou
- Sundeep Bhandari
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £55k | £70k |
| 31/12/2023 | £57k | £151k |
| 31/12/2022 | £52k | £95k |
| 31/12/2021 | £50k | £1k |
| 31/12/2020 | £81k | £65k |
Common questions
Is GHANA INTERNATIONAL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an excess of expenditure over income of £14,203 for the year, reducing its total unrestricted funds from £45,368 to £31,165. The charity relies principally on donations from its sponsor, Ghana International Bank plc, and maintains a de minimis reserve policy of £2,000 per annum. The trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.