AFRICAN FOUNDATION FOR DEVELOPMENT AFFORD
Registered charity 1104682 · accounts filings on the Charity Commission register · also known as AFFORD
Enterprise Support & Job CreationDiaspora & DevelopmentRemittance & Development FinanceSports & Enterprise Development
Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Amateur Sport · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £66,832 for the year ended 31 March 2025, resulting in a decrease in total net assets from £170,792 to £103,960. Per the trustees' report, unrestricted reserves stood at £9,306, which is significantly below the stated policy target of three to six months of expenditure (£110,000–£220,000). The trustees acknowledge the deficit on unrestricted funds and have implemented a recovery plan involving tight cost controls and increased income generation to address the shortfall.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £9k; policy: three to six months expenditure of the charity (£110-220k))
“AFFORD’s policy seeks to balance these priorities by holding a level of reserves which equate to between three and six months expenditure of the charity (£110-220k); unrestricted fund balance at the year-end was £9,306.”
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by CKRD Accountants & Registered Auditors. Discloses 5 of 6 completeness components.
Corporate structure
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
Company officers (Companies House)
Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.
- DARAMY, Adeyemi Olusegun Abiose — director, appointed 23/06/2014on trustee list
- NJOKU, Ndidi — director, appointed 23/06/2014on trustee list
- EWUOLA, Olayinka — director, appointed 24/01/2007on trustee list
Official officers record.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/03/2024)
Reported reserves equal ~0.2 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).
Per its annual return, largest income source: Charitable activities (57% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Benin · Cameroon · Ethiopia · Ghana · Guinea · Kenya · Lesotho · Nigeria · Rwanda · Senegal · Sierra Leone · Somalia
Income and spending
Common questions
Is AFRICAN FOUNDATION FOR DEVELOPMENT AFFORD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £66,832 for the year ended 31 March 2025, resulting in a decrease in total net assets from £170,792 to £103,960. Per the trustees' report, unrestricted reserves stood at £9,306, which is significantly below the stated policy target of three to six months of expenditure (£110,000–£220,000). The trustees acknowledge the deficit on unrestricted funds and have implemented a recovery plan involving tight cost controls and increased income generation to address the shortfall. Its FY2025 accounts were audited by CKRD Accountants & Registered Auditors.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with AFRICA ADVOCACY FOUNDATION.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.