Charity Accounts Intelreading the accounts so you don’t have to

NETWORK FOR AFRICA

Registered charity 1120932 · accounts filings on the Charity Commission register

Latest income
£378k
Latest spending
£432k
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net outgoing resource of £54,152 for the year, resulting in a decrease in total reserves from £174,452 to £120,300. Despite the deficit, the trustees report a healthy bank balance of £103,451 and unrestricted reserves of £49,042, which they note is on track with their policy target of three months' core operating costs. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £49k)
“The trustees have established a policy whereby the intention is that unrestricted funds should be maintained at a level equivalent to a minimum of three months’ core operating costs (£48k).” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Wenn Townsend.

Public fundraising profile: JustGiving — Network for Africa (matched by registered charity number).

Trustees

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

Operates in: Burundi · Rwanda · Sierra Leone · Uganda

Income and spending

Financial year endIncomeSpending
31/12/2024£378k£432k
31/12/2023£419k£436k
31/12/2022£476k£378k
31/12/2021£335k£348k
31/12/2020£365k£343k

Common questions

Is NETWORK FOR AFRICA financially healthy?

The accounts state that the charity reported a net outgoing resource of £54,152 for the year, resulting in a decrease in total reserves from £174,452 to £120,300. Despite the deficit, the trustees report a healthy bank balance of £103,451 and unrestricted reserves of £49,042, which they note is on track with their policy target of three months' core operating costs. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Wenn Townsend.

Who funds NETWORK FOR AFRICA?

Funders whose own accounts filings name NETWORK FOR AFRICA as a grant recipient include Tinsley Charitable Trust, BLISS FAMILY CHARITY, MISS E F RATHBONE CHARITABLE TRUST.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
Tinsley Charitable TrustFY2025£250k
Tinsley Charitable TrustFY2023£50k
BLISS FAMILY CHARITYFY2023£50k
BLISS FAMILY CHARITYFY2024£20k
BLISS FAMILY CHARITYFY2022£11k
MISS E F RATHBONE CHARITABLE TRUSTFY2022£1k

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
THE PAUL AND SHEILA BRADSHAW FOUNDATION1£41k
H C D MEMORIAL FUND1£25k
THE ADRIAN SWIRE CHARITABLE TRUST1£18k
COLEFAX CHARITABLE TRUST1£6k
THE WOGEN ANNIVERSARY TRUST1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with URAFIKI (LINKING WITH COMMUNITIES IN AFRICA).