AFRICAN ENTERPRISE INTERNATIONAL
African Enterprise International coordinates funding to numbers of missions throughout Africa. In particular, in 2019, our city-wide evangelistic missions and outreaches, through social action projects and foxfires activities, were conducted across the teams, reaching 1,089,072 people with the gospel of Jesus Christ, with 120,223 people making commitments to Jesus Christ for the first time.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year in a comfortable financial position with a net surplus of $29,978. The trustees confirm that unrestricted reserves increased to $48,066, though this remains significantly below the stated five-year target of building reserves to $200,000. The audit report confirms the financial statements give a true and fair view and identify no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“One employee received emoluments in excess of $75,127 (2023 - $80,136 - None).” — page 21
“One employee received emoluments in excess of $75,127” — page 21
“The trustees aim is to maintain reserves in Unrestricted Funds that will be sufficient to cover the operational costs of the organization for a period of 60 days or more.” — page 7
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Anne Coomes
- Dr Joseph Mayala Mitinje
- Florence Mangwe Hutchful
- JEFFREY LINDSAY COLLETT
- Oscar Mbola Ochieng
- Rangford Chokhotho
- Rev Antoine Rutayisire
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.2m |
| 31/12/2023 | £1.4m | £1.5m |
| 31/12/2022 | £1.4m | £1.4m |
| 31/12/2021 | £1.1m | £1.1m |
| 31/12/2020 | £1.1m | £998k |
Common questions
Is AFRICAN ENTERPRISE INTERNATIONAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year in a comfortable financial position with a net surplus of $29,978. The trustees confirm that unrestricted reserves increased to $48,066, though this remains significantly below the stated five-year target of building reserves to $200,000. The audit report confirms the financial statements give a true and fair view and identify no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Alexander Myerson & Co Limited.
What does the highest-paid employee of AFRICAN ENTERPRISE INTERNATIONAL earn?
Per its FY2024 accounts, the highest-paid employee was in the excess of $75,127 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATHOLIC CHARITABLE TRUST | 2 | £23k |
| FRANCE MISSION | 1 | £250k |
| CHRIST CHURCH MAYFAIR | 1 | £86k |
| THE CHARIS TRUST | 1 | £60k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS, TOOTING GRAVENEY | 1 | £21k |
| THORNTON HEATH EVANGELICAL CHURCH | 1 | £20k |
| CHRIST CHURCH LIVERPOOL | 1 | £16k |
| FIELDSDENE TRUST | 1 | £15k |
Charities like this
- AFRICAN ENTERPRISE UK LTD
- AFRICA INLAND MISSION INTERNATIONAL
- AFRICAN FOUNDATION FOR DEVELOPMENT AFFORD
- SIM INTERNATIONAL (UK)
- THE SOCIETY OF MISSIONARIES OF AFRICA (ALSO KNOWN AS THE WHITE FATHERS)
- AFRICAN CHILDREN'S FUND LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AFRICAN ENTERPRISE INTERNATIONAL | £1.3m | excess of $75,127 | 1 | above | — | no doubt |
| AFRICAN ENTERPRISE UK LTD | £128k | — | 0 | unclear | — | no doubt |
| AFRICA INLAND MISSION INTERNATIONAL | £3.7m | — | 0 | unclear | — | no doubt |
| AFRICAN FOUNDATION FOR DEVELOPMENT AFFORD | £386k | — | 0 | below | — | no doubt |
| SIM INTERNATIONAL (UK) | £4.6m | — | 0 | above | — | no doubt |
| THE SOCIETY OF MISSIONARIES OF AFRICA (ALSO KNOWN AS THE WHITE FATHERS) | £1.4m | — | 0 | above | — | no doubt |