THE AFRICA CENTRE LIMITED
Cultural and education events and programmes
Objects
TO PROMOTE EDUCATION IN MATTERS CONCERNING AFRICA AND ITS PEOPLES BY ESTABLISHING ONE OR MORE EDUCATIONAL CENTRES;BY STIMULATING INTEREST IN AFRICA BY APPROPRIATE MEANS IN EDUCATIONAL INSTITUTIONS AND BODIES; BY ORGANISING STUDY GROUPS,PROVIDING A REFERENCE LIBRARY AND CARRYING OUT RESEARCH IN SOCIOLOGICAL SIMILAR FIELDS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £542,040 for the year, resulting in a decrease in total funds from £8,458,413 to £7,916,373. The trustees note that the charity had current liabilities exceeding its unrestricted cash resources and identified a material uncertainty regarding its ability to continue as a going concern, mitigated by securing a loan against its freehold building. Despite these pressures, the trustees maintain that the charity has adequate resources to continue operations for the foreseeable future.
What the accounts disclose
“We draw attention to note 2.2 in the financial statements, which indicates that the charitable company has net current liabilities, and despite the property sale after the year end will be obtaining a loan in order to have sufficient cashflow. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the charitable company's ability to continue as a going concern.” — page 17
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Funders the charity credits
- Wolfson Foundation
- Propel
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- OBA NSUGBEchair
- Michael Farinu
- Nzube Ufodike
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £643k | £1.2m |
| 31/03/2024 | £465k | £1.3m |
| 31/03/2023 | £386k | £1.2m |
| 31/03/2022 | £1.3m | £716k |
| 31/03/2021 | £668k | £630k |
Common questions
Is THE AFRICA CENTRE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £542,040 for the year, resulting in a decrease in total funds from £8,458,413 to £7,916,373. The trustees note that the charity had current liabilities exceeding its unrestricted cash resources and identified a material uncertainty regarding its ability to continue as a going concern, mitigated by securing a loan against its freehold building. Despite these pressures, the trustees maintain that the charity has adequate resources to continue operations for the foreseeable future. Its FY2025 accounts were audited by Hillier Hopkins LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 01/08/2024 | £311k | Chakula - Explore Expand |
| The National Lottery Community Fund | 17/03/2023 | £48k | The Africa Centre Supperclub |
| The National Lottery Heritage Fund | 13/10/2022 | £78k | "The Malangatana Heritage Programme" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEWISH CHILD'S DAY | 2 | £8k |
| BAGRI FOUNDATION | 1 | £698k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £314k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £150k |
| FRANKGIVING LIMITED | 1 | £74k |
| THE BEAVERBROOKS CHARITABLE TRUST | 1 | £43k |
| THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST | 1 | £30k |
Charities like this
- Culture& Arts and Heritage
- SPECIAL SPIRITS
- YAD VEACHISOMOCH L'CHAIM
- CHARITY MEALS
- ALLIANCE FRANCAISE DE LONDRES LIMITED
- ACHEINU LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE AFRICA CENTRE LIMITED | £643k | — | — | unclear | — | material uncertainty |
| Culture& Arts and Heritage | £523k | — | 0 | unclear | — | no doubt |
| SPECIAL SPIRITS | £490k | — | 0 | unclear | 4.7% | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| CHARITY MEALS | £1.6m | — | 0 | unclear | — | no doubt |
| ALLIANCE FRANCAISE DE LONDRES LIMITED | £152k | — | 0 | unclear | — | noted |