AFRICAN GIFTED FOUNDATION
Charity overview
Activities - how the charity spends its money
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.
Income and expenditure
Data for financial year ending 31 October 2024
Total income:
£934,157
| Donations and legacies | £934.16k | |
| Charitable activities | £0 | |
| Other trading activities | £0 | |
| Investments | £0 | |
| Other | £0 |
Total expenditure:
£649,815
| Raising funds | £0 | |
| Charitable activities | £649.82k | |
| Other | £0 |
£0 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £0 | |
| Charitable expenditure | £649.82k | |
| Retained for future use | £284.34k |
People
2 Employee(s)
13 Trustee(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- Education/training
- The Prevention Or Relief Of Poverty
- Economic/community Development/employment
- Children/young People
- People Of A Particular Ethnic Or Racial Origin
- The General Public/mankind
- Provides Services
- Provides Advocacy/advice/information
- Sponsors Or Undertakes Research
- Richmond Upon Thames
- Botswana
- Ghana
- Nigeria
- Uganda
Governance
- 29 January 2010: Standard registration
No other names
- 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
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
13 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
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| Thomas Segun Ilube CBE | Chair |
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| Tina Esther Gotschi | Trustee | 01 January 2025 |
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| Cecilia Harvey | Trustee | 31 October 2024 |
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| David William Chisholm | Trustee | 28 October 2024 |
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| Bunmi Adeyemi Wilson | Trustee | 05 October 2024 |
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| Sandra Mary Stash | Trustee | 20 September 2023 |
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| STUART MARK BENJAMIN HOOPER | Trustee | 01 September 2023 |
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| Dr RASHADA HARRY | Trustee | 01 September 2023 |
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| MATTHEW MAURICE ILUBE | Trustee | 01 September 2023 |
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| CHARLOTTE GRACE DEWEY | Trustee | 01 September 2023 |
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| Kymberlie Andrew | Trustee | 24 June 2019 |
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| Rosalind Nana Emela Kainyah | Trustee | 12 November 2016 |
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| ANDREW ALLI | Trustee | 12 August 2011 |
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Financial history
Financial period end date
| Income / Expenditure | 31/10/2020 | 31/10/2021 | 31/10/2022 | 31/10/2023 | 31/10/2024 | ||
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Total gross income | £224.40k | £433.81k | £719.85k | £750.49k | £934.16k | |
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Total expenditure | £194.31k | £384.03k | £854.44k | £706.22k | £649.82k | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | N/A | N/A | N/A | N/A | |
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Income - Donations and legacies | N/A | N/A | £719.85k | £750.49k | £934.16k | |
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Income - Other trading activities | N/A | N/A | £0 | £0 | £0 | |
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Income - Charitable activities | N/A | N/A | £0 | £0 | £0 | |
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Income - Endowments | N/A | N/A | £0 | £0 | £0 | |
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Income - Investment | N/A | N/A | £0 | £0 | £0 | |
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Income - Other | N/A | N/A | £0 | £0 | £0 | |
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Income - Legacies | N/A | N/A | £0 | £0 | £0 | |
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Expenditure - Charitable activities | N/A | N/A | £845.65k | £677.84k | £649.82k | |
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Expenditure - Raising funds | N/A | N/A | £8.79k | £9.78k | £0 | |
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Expenditure - Governance | N/A | N/A | £5.64k | £0 | £0 | |
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Expenditure - Grants institution | N/A | N/A | £0 | £0 | £0 | |
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Expenditure - Investment management | N/A | N/A | £0 | £0 | £0 | |
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Expenditure - Other | N/A | N/A | £0 | £18.60k | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
| Asset / Liability | 31/10/2020 | 31/10/2021 | 31/10/2022 | 31/10/2023 | 31/10/2024 | ||
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Own use assets | N/A | N/A | £0 | £0 | £0 | |
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Long-term investments | N/A | N/A | £0 | £0 | £0 | |
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Other assets | N/A | N/A | £101.53k | £147.99k | £420.52k | |
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Defined benefit pension scheme asset or liability | N/A | N/A | £0 | £0 | £0 | |
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Total liabilities | N/A | N/A | £13.80k | £15.99k | £4.18k |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
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| Annual return | 31 October 2024 | 18 August 2025 | On time | |
| Accounts and TAR | 31 October 2024 | 18 August 2025 | On time | Download Open in new window |
| Annual return | 31 October 2023 | 27 August 2024 | On time | |
| Accounts and TAR | 31 October 2023 | 27 August 2024 | On time | Download Open in new window |
| Annual return | 31 October 2022 | 31 August 2023 | On time | |
| Accounts and TAR | 31 October 2022 | 31 August 2023 | On time | Download Open in new window |
| Annual return | 31 October 2021 | 03 August 2022 | On time | |
| Accounts and TAR | 31 October 2021 | 03 August 2022 | On time | Download Open in new window |
| Annual return | 31 October 2020 | 28 April 2021 | On time | |
| Accounts and TAR | 31 October 2020 | 28 April 2021 | On time | Download Open in new window |