Charity registration number 1179406
Company registration number 10611843 (England and Wales)
FOOTPRINTS AFRICA LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOOTPRINTS AFRICA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J G Asante
Miss A K Agyeman-Togobo
Mrs A K Allotey
Charity number
1179406
Company number
10611843
Registered office
International House
36-38 Cornhill
London
EC3V 3NG
Independent examiner
Robson Laidler Accountants Limited
Mains House
143 Front Street
Chester le Street
Durham
DH3 3AU
Bankers
Natwest (UK)
PO Box 282
216 Bishopsgate
London
EC2M 4JH
Triodos (UK)
Deanery Road
Bristol
BS1 5AS
Stanbic (Ghana)
Pyramis House
Ring Road West
Accra
FOOTPRINTS AFRICA LIMITED
CONTENTS
Page
Trustees' report
1 - 6
Independent examiner's report
7
Statement of financial activities
8 - 9
Balance sheet
10
Notes to the financial statements
11 - 19
FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Footprints Africa objectives are for the public benefit.

 

 

Mission and Activities

Footprints Africa’s mission is to promote sustainable, scalable, and inclusive approaches to the development of local African economies, demonstrating that business can be a powerful force for good at scale.

 

The Trustees have always adhered to the Charity Commission's guidance on public benefit, ensuring that all engagements, from program participants to grant recipients and contracted entities, were governed by clear contracts or Memoranda of Understanding (MoUs). These agreements reinforced Footprints Africa’s commitment to its public benefit objectives.

 

Focus on Sustainable Development

Footprints identified that certain issues related to sustainable development, such as the environmental and community impact of industry, often arose from private sector activity. Despite the involvement of companies' supply chains and distribution channels in impoverished communities, lasting solutions to poverty were frequently not achieved.

 

In its efforts to address these issues sustainably, Footprints developed educational activities and research initiatives, including collaborative projects with Small and Medium-sized Enterprises (SMEs). These collaborations aimed to encourage better environmental and community standards while supporting SMEs in adopting future-forward practices. The organisation’s work helped address challenges in sustainable growth, create meaningful employment opportunities, and utilize supply chains for inclusive and regenerative development.

 

Closure

As of December 31st, 2024, Footprints Africa has officially concluded its operations. Despite the closure, the organisation’s mission and impact on sustainable development remain a testament to its dedication to improving the lives of people in Africa.

____

1 For the purpose of this clause “social exclusion” means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental) race; gender; poor educational or skills attainment or disability. Charity Commission (2001) Social Exclusion, The Promotion of Social Inclusion.

2 "Sustainable development" is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” World Commission on Environment and Development (1987) Sustainable Development, Our Common Future.

 

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

Impact on Ghana and Africa

At its core, Footprints Africa’s work focused on improving the lives of individuals in Ghana and across the African continent, particularly for socially excluded groups. Through its initiatives, Footprints aimed to create sustainable, quality jobs and contribute to the continent's inclusive and regenerative development.

Achievements and performance

Poverty Alleviation

The informal sector accounts for an estimated 86% of jobs in Africa, yet workers in this sector often face significant vulnerabilities. Footprints Africa aimed to improve the livelihoods, security, and income of Informal Workers by providing targeted programming and resources.

 

Goal: To work with 100 SMEs and 1,000 informal workers to reduce vulnerability and secure livelihoods.

 

Target Milestones

(by 2025)

Overall

(2022-2024)

100 SMEs implementing policies to support 800 informal workers, providing contracts & safety equipment

  • 147 SMEs trained

  • 868 Informal workers impacted

Advocacy - host annual workshop to engage key decision-makers to influence the lives of informal workers

7 workshops/ events

 

Environment

Businesses are key contributors to environmental degradation, often sharing resources with local communities. Footprints Africa aimed to promote regenerative practices among Small and Medium-sized Enterprises (SMEs), focusing on waste reduction and the adoption of circular business models to drive sustainable growth.

Goal: to support 100 circular businesses in Africa to measure and improve their environmental impact and provide them with support to grow sustainably.

 

Target Milestones

(by 2025)

Overall

(2022-2024)

Circularity Mapping

  • 500 cases

  • 200 policies

  • 8 reports reaching 100,000 people

 

  • 500 cases

  • 200 policies

  • 7 reports, reaching 41,000 people

Circular Metrics

  • 35 SMEs complete pilot

  • 9 SMEs

 

Design Tools & Training

  • 100 companies trained

  • 9 programmes

  • 60 companies reduce Scope 1 & 2 emissions

  • 5 companies zero waste

  • 208 companies trained

  • 4 programmes

  • 70 companies reduced Scope 1&2 emissions

  • 1 company

 

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

Women’s Empowerment

Women’s empowerment is essential to reducing poverty in Africa, as it allows women to make impactful economic, personal, and social choices. Empowering women benefits not only the women themselves but also their families and communities. Footprints Africa aimed to provide targeted programs to help women become driving forces of change in their communities.

Goal: By 2025, work with 900+ females (and female-led businesses) working in the informal sector to reduce vulnerability and secure livelihoods.

Target Milestones

(by 2025)

Overall

(2022-2024)

900+ women trained

236 women trained

150 SMEs implement policies to support females in their value chain

15 SMEs

20 grants awarded to female-owned businesses

13 grants awarded

 

Youth

By 2050, Africa’s youth population is projected to reach one billion, the largest globally. In Ghana, 12% of youth are unemployed, and 50% are underemployed. As sustainable development requires new skills and perspectives, Footprints Africa aimed to equip young people with essential professional skills, practical work experience, and networking opportunities to foster development and build a passionate, diverse group committed to social and environmental change.

Goal: To support graduates to enter the workplace with industry-relevant skills and knowledge. Through Fellowships, Conferences, Workshops and Research Assignments, we will work with 500 young people by 2025.

Target Milestones

(by 2025)

Overall

(2022-2024)

Host 50 Fellows

11 Fellows

8 University Research Challenges cohorts

2 cohorts reaching 54 participants

 

Leadership

Footprints Africa is committed to working with and developing local experts, while supporting the next generation of African changemakers. The organisation focused on strengthening local leadership to foster sustainable growth and prosperity.

Goal: Through leadership training and hands on experience, Footprints will empower +100 individuals across our team, local experts, and SMEs in Africa. Our goal is that local challenges are addressed by local leaders.

 

Target Milestones

(by 2025)

Overall

(2022-2024)

4,000 hours of professional development for staff

729 hours

20 CEOs receive Leadership training

15 CEOs trained

Develop local sustainability practitioners

27 trained

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

Additional activities

Grant-making Policy

Footprints Africa supported initiatives that enhanced the impact of SMEs on their communities, employees, environment, and customers. Grants were governed by the charity's policies, which outlined terms for proposals, grant management, and requests for modifications, with a focus on grantees' fiduciary responsibilities, reporting, and record-keeping.

During 2024, there were a total of 16 grants awarded to participants in our programmes for a total of £32,338.

Sustainable Business Ventures

In 2024, in addition to supporting existing businesses, Footprints ran a programme to pilot 4 different sustainable business models. These models had to target positive environmental and community impact, whilst adopting circular economy practices.

In addition to positive impact, the projects served as professional development opportunities for the team, who put themselves in the shoes of the entrepreneurs Footprints’ supports by becoming entrepreneurs. The projects were:

1.    Mango Seed Oil: This project aimed at creating nutrient-rich cosmetic oil from waste mango seeds     generated by the fruit processing industry. It involved diverting mango waste from landfills and producing a     prototype oil for sale.

2.    Natural Food Containers: The project used sugarcane bagasse as an eco-friendly alternative to plastic     food containers, promoting sustainability through renewable materials and reducing waste. 22,000 samples     sourced, tested and marketed for sale to restaurants around Accra.

3.    Textile Waste Collection Booth: This initiative encouraged textile recycling and consumer behaviour     change with the aim to divert 1,600 articles of textile waste from landfills to be upcycled into new garments     or downcycled into upholstery stuffing for furniture.

4.    ClimAP (Carbon Footprint Consultancy): This project sought to provide expert consulting to help     companies reduce and mitigate emissions through collaborating with their value chains (in-setting).

Highlights of Footprints Africa achievements for 2024 are as follows:

  1. Conducted one cohort of our B Corp Lite programme in Ghana, assisting 11 organisations to enhance their social and environmental performance via trainings on topics such as Environmental Management Systems, Business Requirements, Employee Engagement, Customer Service, Business Models and Theory of Change.

  2. Published a report on the electronics waste compensations “The Electronics Afterlife – is e-waste compensation the stepping stone for circular economy in Africa.

  3. Graduated two youth and enrolled two new youths into our 1-year fellowship programme, providing them with invaluable opportunities for personal and professional development in social and environmental impact to augment their employability.

  4. Organised one internal event and participated in seven external events, actively engaging stakeholders on topics surrounding circular economy and impact measurement reaching a total of 300+ participants.

  5. Four business venture building projects were piloted by the team to test potential revenue sources for the organisation.

  6. Featured an article on Circular Economy in Africa in Germany’s new agency Rundbrief

  7. Disbursed GHS 59,409 in micro grants to small businesses - driving social and environmental impact in Ghana.

  8. Established partnerships with experts from Ghanaian institutions including; the Food and Drug Authority, Ghana Enterprise Authority, Ghana Export Promotion Authority, Ghana Standards Authority, Social Security and National Insurance Trust, and Ghana Revenue Authority. Together, we co-facilitated workshops on Business Compliance for 76 local SMEs.

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
Financial review

Charity’s Reserve Policy

To mitigate funding uncertainties, Footprints Africa aimed to maintain reserves equivalent to six months of staff and rent expenses, plus £20,000, totalling £120,000. As of December 31st, 2024, Footprints Africa officially closed with free reserves amounting to £108,919.

Funding sources

Footprints received total income of more than £68,000 from sources such as The Blackbaud Giving Fund (USA), Closing the Loop (the Netherlands), The OR Foundation (USA), Deutscher Naturschutzring (DNR), INKOTA (Germany), Green Friends Ghana (Ghana), and private individuals.

As of December 31st, 2024, Footprints Africa had net current assets of £108,919.

Details of any funds materially in deficit

Footprints Africa does not have any funds materially in deficit.

Risk Analysis and Going Concern Considerations

Footprints Africa’s management team provided quarterly risk analyses to the Trustees, outlining potential risks and suggesting mitigation strategies. The principal risk in 2024 was the continued challenge of securing a major donor or sustainable funding source for the organisation.

Principal Risk and Funding Challenges in 2024

Footprints Africa's relationship with its last major donor, First State Investments (UK), ended in 2023. Despite ongoing efforts in 2023 and 2024, the organization was unable to secure a sufficient replacement donor to sustain operations.

In response, Footprints engaged a fundraising consultant in 2024 to refine its donor outreach and enhance its fundraising strategy. Despite these efforts, the Board of Trustees acknowledged that securing adequate funding was essential for the organisation's continued operations. Unfortunately, this goal was not realized

Plans for future periods

Given the inability to secure sustainable funding in 2024, and after careful consideration, the decision was made to formally conclude the organisation’s operations at the end of the year.

Despite the charity's closure, the work initiated by Footprints will continue through Impact Footprints Africa, which will seek new and diverse funding partners to sustain its mission moving forward.

Following settlement of any liabilities, and in accordance with the Articles of Association, assets will be transferred to an entity fulfilling Footprints objects. Trustees have conducted due diligence and found Impact Footprints Africa to fulfil these objects. Impact Footprints Africa is an entity registered in Ghana, established by former employees of Footprints Africa to continue the mission of the organisation.

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
Structure, governance and management

Footprints Africa was constituted as a Company Limited by Guarantee and operated under its Memorandum and Articles of Association, which served as its governing documents.

Throughout its existence, the Trustees of Footprints Africa held responsibility for overseeing the charity’s operations and management, delegating day-to-day responsibilities to the CEO. The Trustees generously volunteered their time, receiving no remuneration or financial benefits for their service.

The Trustees met on a quarterly basis to provide strategic direction, make key decisions regarding the organisation's activities, and ensure effective fundraising. To facilitate the smooth running of the charity, a Finance Committee was established, also meeting quarterly, to review and monitor the organisation’s financial health.

In November 2024, founding Trustee Ruka Sanusi stepped down from the Board. The Board and team are deeply grateful for the wisdom imparted in the more than 2 terms she served.

As of December 31, 2024, Footprints Africa has formally concluded its operations. The Trustees remain committed to ensuring a smooth transition during the closure process and finalizing all outstanding matters.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr J G Asante
Miss A K Agyeman-Togobo
Miss R O Sanusi
(Resigned 6 December 2024)
Mrs A K Allotey

 

The Trustees' report was approved by the Board of Trustees.

Mr J G Asante
Trustee
14 March 2025
FOOTPRINTS AFRICA LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FOOTPRINTS AFRICA LIMITED
- 7 -

I report to the Trustees on my examination of the financial statements of Footprints Africa Limited (the Charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nicholas Cunningham FCCA
Robson Laidler Accountants Limited
Mains House
143 Front Street
Chester le Street
Durham
DH3 3AU
Dated: 17 March 2025
FOOTPRINTS AFRICA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
Current financial year
Unrestricted
Total
Total
funds
2024
2024
2023
Notes
£
£
£
Income from:
Donations and legacies
2
57,376
57,376
153,257
Charitable activities
3
11,580
11,580
34,399
Investments
4
425
425
399
Total income
69,381
69,381
188,055
Expenditure on:
Raising funds
5
8,727
8,727
16,988
Charitable activities
6
283,172
283,172
241,714
Total expenditure
291,899
291,899
258,702
Net expenditure and movement in funds
(222,518)
(222,518)
(70,647)
Reconciliation of funds:
Fund balances at 1 January 2024
331,733
331,733
402,380
Fund balances at 31 December 2024
109,215
109,215
331,733

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FOOTPRINTS AFRICA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Prior financial year
Unrestricted
Total
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
2
153,257
153,257
Charitable activities
3
34,399
34,399
Investments
4
399
399
Total income
188,055
188,055
Expenditure on:
Raising funds
5
16,988
16,988
Charitable activities
6
241,714
241,714
Total expenditure
258,702
258,702
Net income and movement in funds
(70,647)
(70,647)
Reconciliation of funds:
Fund balances at 1 January 2023
402,380
402,380
Fund balances at 31 December 2023
331,733
331,733
FOOTPRINTS AFRICA LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
296
678
Current assets
Debtors
14
4,297
3,094
Cash at bank and in hand
136,463
342,885
140,760
345,979
Creditors: amounts falling due within one year
15
(31,841)
(14,924)
Net current assets
108,919
331,055
Total assets less current liabilities
109,215
331,733
The funds of the Charity
Unrestricted funds
17
109,215
331,733
109,215
331,733

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 March 2025
Mr J G Asante
Trustee
Company registration number 10611843 (England and Wales)
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
1
Accounting policies
Charity information

Footprints Africa Limited is a charitable company limited by guarantee incorporated in the United Kingdom and registered in England and Wales. The registered office is International House, Holborn Viaduct London, EC1A 2BN.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the charity has ceased trading. On 1 January 2025 the assets, liabilities and trade of the charity was transferred to a new entity at book value which the trustees consider represents fair value. As such, the financial statements have not been prepared on a going concern basis. The closing balance sheet has been prepared to show the position immediately prior to the transfer on 1 January 2025. The balance sheet immediately after the transfer would show its entire £109,215 of net assets were donated to the new entity on that day.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

 

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP any general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

 

Resource expended, support and governance costs are recognised on an accruals basis in the period in which the goods are delivered or the services provided.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
57,376
153,257
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Charitable income
Funds for the development of educational materials
11,580
27,014
Environmental Impact Awareness
-
7,385
11,580
34,399
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
425
399
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Trading costs
Fundraising consultant
8,727
16,988
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
6
Expenditure on charitable activities
B Corp Programme
Research
Grants to institutions
Venture Building
Total
B Corp Programme
Research
Grants to institutions
Total
2024
2024
2024
2024
2024
2023
2023
2023
2023
£
£
£
£
£
£
£
£
£
Direct costs
Programme Delivery Partner Fees
9,669
-
-
-
9,669
14,008
-
-
14,008
Consulting
-
5,380
-
-
5,380
-
37,880
-
37,880
Other
-
-
-
2,448
2,448
-
519
-
519
9,669
5,380
-
2,448
17,497
14,008
38,399
-
52,407
Grant funding of activities (see note 7)
-
-
32,338
-
32,338
-
-
5,599
5,599
Share of support and governance costs (see note 8)
Support
85,557
106,946
21,389
-
213,892
66,090
82,612
16,522
165,224
Governance
7,778
9,723
1,944
-
19,445
7,394
9,242
1,848
18,484
103,004
122,049
55,671
2,448
283,172
87,492
130,253
23,969
241,714
Analysis by fund
Unrestricted funds
103,004
122,049
55,671
2,448
283,172
87,492
130,253
23,969
241,714
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
7
Grants payable
Grants to institutions
Grants to institutions
2024
2023
£
£
Grants to institutions:
Impact Footprints Africa
28,612
-
Microgrants
3,726
5,599
32,338
5,599
8
Support costs allocated to activities
2024
2023
£
£
Staff costs
116,048
66,865
Depreciation
382
468
Consulting
64,971
55,226
Internship
5,533
9,149
Staff training
5,930
954
Rent
7,653
8,569
Computer Costs
1,639
3,192
Travelling Expenses
3,463
1,660
Conference & Events
-
780
Postage & Stationary
149
194
Exchanges Losses
3,591
13,311
Other Charitable Activity
4,808
4,856
Governance costs
19,170
18,484
233,337
183,708
Analysed between:
B Corp Programme
93,335
73,484
Research
116,669
91,854
Grants to institutions
23,333
18,370
233,337
183,708
2024
2023
Governance costs comprise:
£
£
Accountancy
11,499
11,679
Legal and professional
5,274
6,290
Insurance
2,397
515
19,170
18,484
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
382
468
10
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
9
8
Employment costs
2024
2023
£
£
Wages and salaries
102,157
52,389
Social security costs
9,341
10,276
Other pension costs
4,550
4,200
116,048
66,865
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024
2023
£
£
Aggregate compensation
30,125
36,750

The remuneration of the key management personnel is included within consultancy costs.

12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
13
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024
4,237
At 31 December 2024
4,237
Depreciation and impairment
At 1 January 2024
3,559
Depreciation charged in the year
382
At 31 December 2024
3,941
Carrying amount
At 31 December 2024
296
At 31 December 2023
678

 

14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,207
89
Prepayments and accrued income
3,090
3,005
4,297
3,094
15
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
28,642
9,587
Accruals and deferred income
3,199
5,337
31,841
14,924
16
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
4,550
4,200

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
17
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Circular economy fund
220,000
-
(220,000)
-
-
General funds
111,733
69,381
(71,899)
-
109,215
331,733
69,381
(291,899)
-
109,215
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Circular economy fund
-
-
-
220,000
220,000
General funds
402,380
188,055
(258,702)
(220,000)
111,733
402,380
188,055
258,702
-
331,733

Circular economy fund

The trustees have designated these funds to advancing the transition to circular economy in Africa.

18
Events after the reporting date

The charity ceased operating on 31 December 2024. On 1 January 2025 the assets, liabilities and trade of the charity was transferred to a new entity at book value which the trustees consider represents fair value. The closing balance sheet has been prepared to show the position immediately prior to the transfer on 1 January 2025. The balance sheet immediately after the transfer would show its entire £109,215 of net assets were donated to the new entity on that day.

19
Related party transactions

There were no disclosable related party transactions during 2024 or 2023.

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