AFRICAN GIFTED FOUNDATION

Registered charity 1133900 · accounts filings on the Charity Commission register

To advance education, including (without limitation) by identifying, teaching mentoring and developing highly gifted African children and young people and advancing the education of the gifted generally. The aim is to set a benchmark for gifted education and deliver high quality gifted educational opportunities in cooperation with leading African universities and international partners.

Causes: Education/training · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income

£934k

Latest spending

£650k

Registered

2010

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated total income of £934,158 and held unrestricted reserves of £141,459 at the end of the period. The trustees' report indicates that the charity seeks to retain reserves to cover at least six months of UK operating expenses, which it estimates at £80,000 annually. The independent auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified.

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

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — above the median for charities its size (£60k)

“1 employee received a salary of between £60,000 and £70,000 during the year” — page 17

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“1 employee received a salary of between £60,000 and £70,000 during the year” — page 17

Per its FY2024 accounts as filed with the Charity Commission.

Largest income source: Donations (68% of income)

“Donations Unrestricted 639,198” — page 16

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: six months UK operating expenses (held: £141k)

“The Trust Foundation seeks to retain reserves to cover at least six months UK operating expenses which we estimate would be £80k in total for a year.” — page 5

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — African Gifted Foundation (matched by registered charity number).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Harrington Foundation — “Talent is everywhere, but opportunity isn't. The African Gifted Foundation exists to close this gap, and it's exactly the kind of work we st…” (source page)
Innospec — “Investing in education is one of the most powerful ways to expand opportunity. We are proud to support young women whose talent and ambition…” (source page)

Structured financials (annual return, FY ending 31/10/2024)

Total income

£934k

Total spending

£650k

Reserves (reported)

£141k

Employees

Reported reserves equal ~2.6 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% 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 (4.9%) (benchmarks).

Trustees · trustee networks

Thomas Segun Ilube CBEchair · trustee of 1 other charity
CHARLOTTE GRACE DEWEY
David William Angus Chisholm
Diana Ngonyama
Dr RASHADA HARRY · trustee of 1 other charity
Kymberlie Andrew
MATTHEW MAURICE ILUBE
Olubunmi Olufunmilayo Adeyemi-Wilson
Rosalind Nana Emela Kainyah
STUART MARK BENJAMIN HOPPER
Sandra Mary Stash
Tina Esther Gotschi

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

Operates in: Botswana · Ghana · Nigeria · Richmond Upon Thames · Uganda

Income and spending

Financial year end	Income	Spending
31/10/2024	£934k	£650k
31/10/2023	£750k	£706k
31/10/2022	£720k	£854k
31/10/2021	£434k	£384k
31/10/2020	£224k	£194k

Common questions

Is AFRICAN GIFTED FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity generated total income of £934,158 and held unrestricted reserves of £141,459 at the end of the period. The trustees' report indicates that the charity seeks to retain reserves to cover at least six months of UK operating expenses, which it estimates at £80,000 annually. The independent auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by MHA.

What does the highest-paid employee of AFRICAN GIFTED FOUNDATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.

Who funds AFRICAN GIFTED FOUNDATION?

Funders whose own accounts filings name AFRICAN GIFTED FOUNDATION as a grant recipient include THE GSR FOUNDATION, THE SPECTRIS FOUNDATION, THE FRANK JACKSON FOUNDATION, THE COSARAF CHARITABLE FOUNDATION.

Known funders

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

Funder	Year	Amount	Purpose (as stated by the funder)
THE GSR FOUNDATION	FY2024	£160k
THE SPECTRIS FOUNDATION	FY2023	£100k	Unrestricted multi-year grant to support educational costs of students at African Science Academy (ASA) in Ghana.
THE FRANK JACKSON FOUNDATION	FY2022	£50k
THE GSR FOUNDATION	FY2023	£31k
THE FRANK JACKSON FOUNDATION	FY2023	£26k
THE SPECTRIS FOUNDATION	FY2022	£20k	Support educational costs of students at African Science Academy in Ghana
THE COSARAF CHARITABLE FOUNDATION	FY2024	£5k