Finance Score: 4

Governance Score: 8

Support Score: 1

Poor Liquidity: -1
Strong growth: +2
Fundraising costs low: +3

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +1

Overall GiG Score: 13

AFRICAN GIFTED FOUNDATION

To advance education, including (without limitation) by identifying, teaching mentoring and developing highly gifted African children and young people and advancing the education of the gifted generally. The aim is to set a benchmark for gifted education and deliver high quality gifted educational opportunities in cooperation with leading African universities and international partners.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
There has been strong growth in spending over the last 5 years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/10/23		£750	£706	£44	£10	£132	£132	2.2	2	0
31/10/22		£720	£854	£-135	£9	£88	£26	0.4	2	0
31/10/21		£434	£384	£50	n/a	n/a	n/a	n/a	n/a	n/a
31/10/20		£224	£194	£30	n/a	n/a	n/a	n/a	n/a	n/a
31/10/19		£404	£319	£85	n/a	n/a	n/a	n/a	n/a	n/a
31/10/18		£312	£310	£2	n/a	n/a	n/a	n/a	n/a	n/a
31/10/17		£260	£247	£13	n/a	n/a	n/a	n/a	n/a	n/a
31/10/16	*	£198	£308	£-111	n/a	n/a	n/a	n/a	n/a	n/a
31/10/15		£25	£78	£-53	n/a	n/a	n/a	n/a	n/a	n/a
31/10/14	*	£189	£24	£164	n/a	n/a	n/a	n/a	n/a	n/a
31/10/13		£78	£108	£-31	n/a	n/a	n/a	n/a	n/a	n/a
31/10/12	*	£66	£85	£-19	n/a	n/a	n/a	n/a	n/a	n/a
31/10/11		£90	£63	£27	n/a	n/a	n/a	n/a	n/a	n/a
31/10/10		£80	£16	£64	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 1.3%
Fundraising Costs/Total Spending: 1.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 11%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.2 months
Net Current Assets/Spending: 2 months
Quick Ratio: 9.3

Asset Split ?

Balance Sheet History

Established: 15 years

www.africangifted.org

02075517777

Charity Commission for England and Wales

Tweets

Listed activities

Economic/Community Development/Employment
Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

International education & child welfare

How it operates

Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Botswana, Ghana, Nigeria, Richmond Upon Thames, Uganda,

Who it helps

Children/Young People
People Of A Particular Ethnic Or Racial Origin
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
The Fore - RAFT COVID-19 response grant to African Gifted Foundation
£5,000	09/04/2020 36	Grant from The Fore's RAFT Immediate Response Fund to African Gifted Foundation, as part of The Fore's COVID-19 Response programme.
The Fore - Grant to Africa Gifted Foundation
£4,800	31/12/2012 36	Grant enabled African Gifted Foundation to extend the reach by inviting a group of inner-city London students to attend the Academy. Londoners see first-hand how young people in Africa value their education and while simultaneously increasing the ....more Grant enabled African Gifted Foundation to extend the reach by inviting a group of inner-city London students to attend the Academy. Londoners see first-hand how young people in Africa value their education and while simultaneously increasing the confidence of the African students who are often intimidated by the idea of British and American students.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 26-66

ANDREW ALLI Appointed: 2011, Occupation: Financial Services

CHARLOTTE GRACE DEWEY Appointed: 2023, Occupation: Director

DR RASHADA HARRY Appointed: 2023, Occupation: Technology Director

KYMBERLIE ANDREW Appointed: 2019, Occupation: Chief Marketing Officer

MATTHEW MAURICE ILUBE Appointed: 2023, Occupation: Director

ROSALIND NANA EMELA KAINYAH Appointed: 2016, Occupation: Managing Director

STUART MARK BENJAMIN HOOPER Appointed: 2023

SANDRA MARY STASH Appointed: 2023, Occupation: Director

THOMAS SEGUN ILUBE CBE (Chair), Occupation: Company Director

Legal constitution

Charitable company registered in England & Wales on 29/01/2010, number: 1133900
Registered at Companies House on 30/10/2009, number: 07061874

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Safeguarding policy and procedures

Filing Record

14 returns made; AR16: 19 days late, AR14: 8 days late, AR12: 18 days late,

Main office

Bates Wells Braithwaite
Thames Exchange
10 Queen Street Place
London
EC4R 1BE

Objectives

TO ADVANCE EDUCATION, INCLUDING (WITHOUT LIMITATION) BY IDENTIFYING, TEACHING, MENTORING AND DEVELOPING HIGHLY GIFTED AFRICAN AND YOUNG PEOPLE AND ADVANCING THE EDUCATION OF THE GIFTED GENERALLY.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, INTERNATIONALLY.

Data Sources

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