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home >> charity search >> africa research excellence fund
Finance Score: -2
Governance Score: 3
Support Score: 0
  • Deficit latest year: -2
  • Good trustee age range: +3
  • No supporters identified
Overall GiG Score: 1 ?

AFRICA RESEARCH EXCELLENCE FUND

The Africa Research Excellence Fund promotes medical research in Africa for the public benefit by providing education and training opportunities for individuals who are citizens of a country in Africa and are aspiring to, or have already embarked on, a career in medical research in Africa. The charity hosts training programmes and provides grants to support the development of research skills.
Analysis by Giving is Great

Positives:

  • The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

  • Income was significantly lower than spending in the latest year

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
31/03/23£715£1,526£-811£117£2,919£1,47211.692
31/03/22£5,118£1,389£3,729£150£3,729£1,46912.792
Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 16.9%
Fundraising Costs/Total Spending: 7.7%
Senior Staff Costs/Total Spending: 12%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 40%
Liabilities/Income: 271%
Unrestricted Funds/Total Funds: 50%
Reserves/Spending: 11.6 months
Net Current Assets/Spending: 25 months
Quick Ratio: 0.9
Asset Split ?
Balance Sheet History
Established: 4 years

https://www.africaresearchexcellencefund.org.

aref@aref-africa.org.uk

Charity Commission for England and WalesCompanies House
UN SDGs
?
Listed activities
  • Education/Training
  • The Advancement Of Health Or Saving Of Lives
How it operates
  • Makes grants to individuals
  • Makes grants to organisations
  • Provides advocacy/advice/information
  • Sponsors or undertakes research
Where it operates
  • Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo (Democratic Republic), Djibouti, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-bissau, Ivory Coast, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé And Principe, Seychelles, Sierra Leone, Somalia, South Africa, South ....more
Who it helps
  • The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)
Current Trustees appointed

Age Range of Trustees: 38-67
  • DR ANGELA MARIE HIND Appointed: 2021
  • DR MAJDI OSMAN Appointed: 2021, Occupation: Doctor
  • PAULINE ANNE MULLIN Appointed: 2021, Occupation: Communications Director
  • PROFESSOR FAITH HOPE AMONGIN OSIER Appointed: 2022, Occupation: Medical Research
  • PROFESSOR FAITH HOPE AMONGIN OSIER Appointed: 2022, Occupation: Medical Research
  • RATNABALI BHATTACHARYA KAKKAR Appointed: 2021, Occupation: Financial Consultant
  • RUSSELL DELEW Appointed: 2022, Occupation: Director Of Philanthropy
  • SOLOMON WOLDENHAIMANOT SOQUAR (Chair) Appointed: 2021, Occupation: None
Legal constitution
  • Charitable company registered in England & Wales on 19/03/2021, number: 1193865
  • Registered at Companies House on 23/02/2021, number: 13219209
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves 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
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
2 returns made; all on time
Recent reorganisation events:
  • Asset transfer in from AFRICA RESEARCH EXCELLENCE FUND on 19/01/2022
Main office

Medical Research Foundation
99 Charterhouse Street
LONDON
EC1M 6HR

Objectives

THE OBJECTS OF THE CHARITY ARE TO PROMOTE MEDICAL RESEARCH IN AFRICA FOR THE PUBLIC BENEFIT, IN PARTICULAR BY:(A) PROVIDING EDUCATION AND TRAINING OPPORTUNITIES FOR INDIVIDUALS WHO:(I) ARE CITIZENS OF A COUNTRY IN AFRICA; AND (II) ARE ASPIRING TO, OR HAVE ALREADY EMBARKED UPON, A CAREER IN MEDICAL RESEARCH IN AFRICA; AND (III) MEET ANY ELIGIBILITY CRITERIA THE TRUSTEES MAY AGREE FROM TIME TO TIME;(B) PROMOTING EXCELLENCE IN MEDICAL RESEARCH TRAINING IN AFRICA; AND(C) PROMOTING THE USE OF HIGH QUALITY MEDICAL RESEARCH EVIDENCE IN THE DEVELOPMENT OF PUBLIC HEALTH POLICIES AND PRACTICES IN AFRICA.

Data Sources

Charity Commission for England and Wales

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