AFRICAN ADVENTURES FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity's total income increased by 8% to £279,396, while total expenditure rose to £293,078, resulting in a net expenditure for the year. Despite this deficit, the trustees report a stable financial position with no outstanding debts and free reserves of £44,202, which aligns with their policy of maintaining three months' core operating costs. The charity remains in a going concern basis with adequate resources to continue operations for the foreseeable future.
What the accounts disclose
“The trustees aim to maintain free reserves at a level equivalent to three months' core operating costs.” — page 5
“Daniel Mew, a trustee in the year until August 2024 of African Adventures Foundation is a Director of DPM Investments Ltd, which made donations to the charity in the year totaling £1,200” — page 15
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Trustees
- Cameron Smithchair
- Benson Njoroge Nganga
- Edward Hoyle
- Elizabeth May
- Gavin Williams
- Megan Maxwell
- Nkechi Chinwike
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £331k | £308k |
| 31/10/2024 | £279k | £293k |
| 31/10/2023 | £219k | £187k |
| 31/10/2022 | £151k | £163k |
| 31/10/2021 | £136k | £129k |
Common questions
Is AFRICAN ADVENTURES FOUNDATION financially healthy?
The accounts state that the charity's total income increased by 8% to £279,396, while total expenditure rose to £293,078, resulting in a net expenditure for the year. Despite this deficit, the trustees report a stable financial position with no outstanding debts and free reserves of £44,202, which aligns with their policy of maintaining three months' core operating costs. The charity remains in a going concern basis with adequate resources to continue operations for the foreseeable future. Its FY2024 accounts were independently examined.
Who funds AFRICAN ADVENTURES FOUNDATION?
Funders whose own accounts filings name AFRICAN ADVENTURES FOUNDATION as a grant recipient include EDUCATIONAL OPPORTUNITY FOUNDATION, THE COLES-MEDLOCK FOUNDATION, THE PETER STEBBINGS MEMORIAL CHARITY, THE BARBARA WARD CHILDREN'S FOUNDATION, ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT.
Known funders
| Funder | Year | Amount |
|---|---|---|
| EDUCATIONAL OPPORTUNITY FOUNDATION | FY2023 | £15k |
| THE COLES-MEDLOCK FOUNDATION | FY2024 | £11k |
| THE COLES-MEDLOCK FOUNDATION | FY2023 | £10k |
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2024 | £10k |
| THE BARBARA WARD CHILDREN'S FOUNDATION | FY2025 | £7k |
| THE BARBARA WARD CHILDREN'S FOUNDATION | FY2024 | £7k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | FY2024 | £5k |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2023 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | 1 | £5k |
| MISS E F RATHBONE CHARITABLE TRUST | 1 | £1k |