THE AFRICA TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure deficit of £133,720 for the year, resulting in unrestricted reserves falling to £59,597. This figure is explicitly noted as being below the trustees' normal minimum target of £100,000, although the trustees deemed the temporary reduction acceptable due to planned project commitments. The auditor confirmed that resources are adequate for the foreseeable future with no material uncertainties identified regarding going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DAVID FREMEL
- Joshua Searle
- KIRSTEN SEARLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £1.4m |
| 31/12/2023 | £1.4m | £1.4m |
| 31/12/2022 | £1.7m | £1.9m |
| 31/12/2021 | £1.6m | £1.7m |
| 31/12/2020 | £1.2m | £1.2m |
Common questions
Is THE AFRICA TRUST financially healthy?
The accounts state that the charity reported a net expenditure deficit of £133,720 for the year, resulting in unrestricted reserves falling to £59,597. This figure is explicitly noted as being below the trustees' normal minimum target of £100,000, although the trustees deemed the temporary reduction acceptable due to planned project commitments. The auditor confirmed that resources are adequate for the foreseeable future with no material uncertainties identified regarding going concern. Its FY2022 accounts were audited by Brown Warner LLP.
Who funds THE AFRICA TRUST?
Funders whose own accounts filings name THE AFRICA TRUST as a grant recipient include COLEFAX CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| COLEFAX CHARITABLE TRUST | FY2023 | £5k |
| COLEFAX CHARITABLE TRUST | FY2024 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WOGEN ANNIVERSARY TRUST | 1 | £1k |