DIG DEEP (AFRICA)
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net increase in funds of £11,857 for the year ended 31 December 2023, with total income of £733,011 against total expenditure of £721,154. Per the trustees' report, the charity maintains designated funds of £160,824 to cover wind-down costs and three months of running costs, which is above the stated unrestricted reserves of £81,450.
What the accounts disclose
“The trustees wish to maintain funds at a level that would at least cover the costs required to wind down the organisation and all existing programmes plus three months running costs. Designated funds of £160,824 (2022: £186,219) are set aside for this purpose.” — page 18
“Dig Deep Challenges Limited through its trading activities made a profit of £44,503 (2022: £22,508) before gift aid payments made to Dig Deep (Africa) of £44,503 (2022: £22,508). Closing shareholders’ funds were £nil (2022: nil)” — page 18
“The charitable company also controls Dig Deep Challenges Limited (registered company number 0591740) a company limited by guarantee.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (15/01/2014)
Trustees
- Emily Louise Edna Careychair
- Dr Ania Maria Wanda Grobicki
- Edoardo Troina
- JOHANNA ROSE ZEEVI GREEN
- Lucy Wambere Muthee
- Neeti Mukundrai Anand
- Rhys William Torrington
- Simon Thuo
- Timothy John Darby
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £776k | £754k |
| 31/12/2023 | £733k | £721k |
| 31/12/2022 | £940k | £878k |
| 31/12/2021 | £535k | £393k |
| 31/12/2020 | £511k | £434k |
Common questions
Is DIG DEEP (AFRICA) financially healthy?
The accounts state that the charity reported a net increase in funds of £11,857 for the year ended 31 December 2023, with total income of £733,011 against total expenditure of £721,154. Per the trustees' report, the charity maintains designated funds of £160,824 to cover wind-down costs and three months of running costs, which is above the stated unrestricted reserves of £81,450. Its FY2023 accounts were independently examined.
Who funds DIG DEEP (AFRICA)?
Funders whose own accounts filings name DIG DEEP (AFRICA) as a grant recipient include THE PETER STEBBINGS MEMORIAL CHARITY, ANA LEAF FOUNDATION, THE CARMELA & RONNIE PIGNATELLI FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2023 | £30k |
| ANA LEAF FOUNDATION | FY2024 | £12k |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2023 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COLEFAX CHARITABLE TRUST | 2 | £13k |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £175k |
| THE BLOOM FOUNDATION | 1 | £143k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £33k |
| THE VAN NESTE FOUNDATION | 1 | £20k |
| THE HARAMEAD TRUST | 1 | £20k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £20k |
| EXPLORE FOUNDATION | 1 | £18k |