Finance Score: -8

Governance Score: -4

Support Score: 0

Low unrestricted reserves: -2
Spending falling: -1
Multiple Deficits and declines: -5

Only 3 Trustees: -2
Good trustee age range: +3
Very static board: -5

No supporters identified

Overall GiG Score: -12

AFRICAN FOUNDATION FOR DEVELOPMENT AFFORD

Enterprise Support & Job CreationDiaspora & DevelopmentRemittance & Development FinanceSports & Enterprise Development

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board composition appears to be very static

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile and on several occasions in recent years less than spending

Established: 20 years

www.afford-uk.org

afford@afford-uk.org

02033263750

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£543	£507	£36	£0	£178	£1	0	5	12
31/03/22	*	£655	£440	£215	£0	£142	£-43	-1.2	6	5
31/03/21		£356	£571	£-216	n/a	n/a	n/a	n/a	n/a	6
31/03/20		£288	£748	£-461	n/a	n/a	n/a	n/a	n/a	9
31/03/19		£998	£940	£58	£0	£603	£3	0	13	17
31/03/18		£1,769	£1,609	£161	£0	£546	£-13	-0.1	12	0
31/03/17	*	£1,273	£1,254	£19	£0	£385	£13	0.1	9	0
31/03/16		£740	£728	£13	£0	£366	£104	1.7	4	0
31/03/15	*	£498	£370	£128	£0	£0	£0	n/a	0	0
31/03/14	*	£408	£418	£-10	£0	£0	£0	n/a	0	0
31/03/13	*	£364	£446	£-82	£0	£0	£0	n/a	0	0
31/03/12	*	£462	£276	£186	£0	£0	£0	n/a	0	0
31/03/11	*	£243	£238	£5	£0	£0	£0	n/a	0	0
31/03/10	*	£337	£283	£54	£0	£0	£0	n/a	0	0
31/03/09		£297	£236	£61	£0	£0	£0	n/a	0	0
31/03/08	*	£189	£211	£-22	£0	£0	£0	n/a	0	0
31/03/07	*	£327	£315	£13	£0	£0	£0	n/a	0	0
31/03/06	*	£259	£252	£8	£0	£0	£0	n/a	0	0
31/03/05	*	£162	£245	£-83	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 19%
Liabilities/Income: 8%
Unrestricted Funds/Total Funds: 0%
Reserves/Spending: 0 months
Net Current Assets/Spending: 4 months
Quick Ratio: 4.8

Asset Split ?

Listed activities

Amateur Sport
Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Organisations
Other charitable activities
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Benin, Cameroon, Ethiopia, Ghana, Guinea, Kenya, Lesotho, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, The Gambia, Throughout London, Uganda, Zimbabwe,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin
The General Public/Mankind

Who works here?

5 employees
12 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Comic Relief - Diaspora Finance and Remittance Investment Initiative (DFRII)
£2,943,520	13/05/2016 36	The project aim is to stimulate and harness diaspora investment to create jobs and enhance the African social economy. AFFORD will achieve this through: 1. Facilitating match-funding for responsible ....more The project aim is to stimulate and harness diaspora investment to create jobs and enhance the African social economy. AFFORD will achieve this through: 1. Facilitating match-funding for responsible and labour-intensive diaspora enterprises in Sierra Leone, Nigeria, Zimbabwe and Rwanda; 2. Providing business and capacity-building support to diaspora entrepreneurs to maximise their viability, sustainability and growth; 3. Facilitating access to structured investment channels and vehicles to encourage diaspora direct investment (DDI); 4. Building transnational networks to facilitate an increase in the diversity, volume, availability and impact of diaspora investment; 5. Advoc

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 42-68

NDIDI NJOKU (Chair) Appointed: 2014, Occupation: Regulatory Compliance

OLAYINKA EWUOLA Appointed: 2007, Occupation: Investment Banker

ADEYEMI OLUSEGUN DARAMY Appointed: 2014, Occupation: Civil Servant, Other trusteeship: SIERRA LEONE CANCER CHARITY (VIJI),

Legal constitution

Charitable company registered in England & Wales on 01/07/2004, number: 1104682
Registered at Companies House on 21/05/2003, number: 04772972

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

19 returns made; AR22: 56 days late, AR17: 1 days late, AR15: 2 days late, AR14: 2 days late, AR13: 1 days late, AR12: 2 days late, AR11: 2 days late, AR10: 19 days late, AR08: 188 days late, AR07: 258 days late, AR06: 1 days late, AR05: 257 days late,

Main office

African Foundation for Development
Rich Mix Building
35-47 Bethnal Green Road
LONDON
E1 6LA

Objectives

FOR THE BENEFIT OF THE PUBLIC AND IN PARTICULAR FOR THE BENEFIT OF THOSE MEMBERS OF THE PUBLIC WHO ARE AFRICAN OR OF AFRICAN DESCENT BY:-(A) PROVIDING OR ASSISTING IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE-TIME ACTIVITIES FOR YOUNG PEOPLE; (B) RELIEVING POVERTY SICKNESS AND DISTRESS; AND(C) ADVANCING EDUCATION

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE AFRICA AND WORLDWIDE

Data Sources