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AFRICAN AGRICULTURAL TECHNOLOGY FOUNDATION

Registered charity 1107507 · accounts filings on the Charity Commission register · also known as AATF

RELIEF OF POVERTY IN SUB-SAHARAN AFRICA BY: IMPROVING FOOD SECURITY; FACILITATING PARTNERSHIPS FOR TRANSFER AND USE OF AGRICULTURAL TECHNOLOGIES BY SMALLHOLDER/RESOURCE-POOR FARMERS.DEVELOPING, ARRANGING AND EFFECTING ACCESS BY SMALLHOLDER FARMERS TO EXISTING AGRICULTURAL TECHNOLOGIES THAT CAN BE ADAPTED FOR THEIR BENEFIT.

Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Environment/conservation/heritage · Economic/community Development/employment · Other Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£21.3m
Latest spending
£14.6m
Registered
2005
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group recorded a net operating profit of US$8.8 million for the year ended 31 December 2024, compared to a net operating loss of US$4.3 million in the prior year. Per the trustees' report, unrestricted reserves stood at US$7.1 million, which is below the stated policy target of approximately US$7 million (equivalent to four months of the US$21 million annual budget). The trustees confirmed that the organization has adequate resources to continue in operational existence for at least twelve months from the date of approval.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: four months of annual budget
“As per policy, AATF will maintain a general cash reserve equivalent to at least four months of annual budget unless explicitly authorised by the board to operate on a lower reserve level. This translates to about US$7 million (considering the budget of US$21 million).” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: C Kanangire received remuneration of $317,949 as Executive Director and Trustee.
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to C Kanangire, Trustee, in his capacity as Executive Director.
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
“During the year advances were paid to C. Kanangire of $61,548 relating to advances in accordance with his role as Executive Director at the Charity. During the year $56,811 was repaid by C. Kanangire and the year-end balance was $20,733 (2023: $15,996)” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Advances paid to C Kanangire, Trustee/Executive Director.
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
“During the year advances were paid to C. Kanangire of $61,548 relating to advances in accordance with his role as Executive Director at the Charity. During the year $56,811 was repaid by C. Kanangire and the year-end balance was $20,733 (2023: $15,996)” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loans to senior management personnel.
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
“During the year advances were paid to C. Kanangire of $61,548 relating to advances in accordance with his role as Executive Director at the Charity. During the year $56,811 was repaid by C. Kanangire and the year-end balance was $20,733 (2023: $15,996)” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Sub-grants to subsidiaries (Agridrive, QBS, ECOBasic).
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
“During the year advances were paid to C. Kanangire of $61,548 relating to advances in accordance with his role as Executive Director at the Charity. During the year $56,811 was repaid by C. Kanangire and the year-end balance was $20,733 (2023: $15,996)” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee honoraria.
“During the year remuneration was paid to C Kanangire, Trustee, of $317,949, inclusive of pension of $30,714 (2023: $301,227) in his capacity as Executive Director of the Charity, as permitted by the provisions in the Charity's Governing Document.” — page 60
“During the year advances were paid to C. Kanangire of $61,548 relating to advances in accordance with his role as Executive Director at the Charity. During the year $56,811 was repaid by C. Kanangire and the year-end balance was $20,733 (2023: $15,996)” — page 60
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Qualibasic Seed Company Limited, Agridrive Nigeria Limited, Ecobasic Seed Company Limited
“AATF has fully owned subsidiaries in Kenya (1) and Nigeria (2) namely Qualibasic Seed Company Ltd (Kenya); and Ecobasic Seed Company Ltd. and AgriDrive Nigeria Ltd (Nigeria).” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Corporate structure

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.

Official officers record.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£21.3m
Total spending
£14.6m
Cost of raising funds
£2.4m
Reserves (reported)
£5.5m
Employees
63

Reported reserves equal ~4.6 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (90% 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: 11.2% of total income — above the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Angola · Australia · Benin · Botswana · Burkina Faso · Burundi · Cameroon · Cape Verde · Central African Republic · Chad · Colombia · Comoros

Income and spending

Financial year endIncomeSpending
31/12/2024£21.3m£14.6m
31/12/2023£10.7m£13.4m
31/12/2022£9.6m£11.8m
31/12/2021£12.8m£11.1m
31/12/2020£11.9m£10.7m

Common questions

Is AFRICAN AGRICULTURAL TECHNOLOGY FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the group recorded a net operating profit of US$8.8 million for the year ended 31 December 2024, compared to a net operating loss of US$4.3 million in the prior year. Per the trustees' report, unrestricted reserves stood at US$7.1 million, which is below the stated policy target of approximately US$7 million (equivalent to four months of the US$21 million annual budget). The trustees confirmed that the organization has adequate resources to continue in operational existence for at least twelve months from the date of approval. Its FY2024 accounts were audited by Crowe U.K. LLP.

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.

FunderSimilar charities fundedAmount to them
MRS D M FRANCE-HAYHURST FOUNDATION1—
AKO FOUNDATION1£1.2m
WINCHMORE HILL BAPTIST CHURCH1£140k
THE ALLEN OVERY SHEARMAN STERLING FOUNDATION1£105k
THE MARK ANTHONY TRUST1£100k
JOFFE CHARITABLE TRUST CIO1£87k
THE BATCHWORTH TRUST1£70k
THE DASHLIGHT FOUNDATION1£69k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FARM AFRICA LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
AFRICAN AGRICULTURAL TECHNOLOGY FOUNDATION£21.3m——above—no doubt
FARM AFRICA LIMITED FY2024£16.9m——below—no doubt
PRODUCERS DIRECT FY2024£1.3m——below—no doubt
THE ONE FEEDS TWO FOUNDATION FY2025£137k—0above—no doubt
OPERATION AGRI FY2024£213kUnder £60,0000unclear—no doubt
FEEDING FUTURES FY2025£103k—0unclear—noted

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.