Charity Registration No. 1092616
Company Registration No. 04212822 (England and Wales)
THE AFRICA FOUNDATION
TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THE AFRICA FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Tara Getty
Christopher Thomsen
William Cadogan
Jessica Getty
Judy James
Peter Burdin
Charity number
1092616
Company number
04212822
Registered office
Ground Floor
6 Chesterfield Gardens
London
W1J 5BQ
Independent examiner
David Turner FCA BSc
Church Farm
Elmdon
Saffron Walden
Essex
CB11 4LT
Bankers
Barclays Bank Plc
PO Box 82
5 Esplanade
St Helier
Jersey
JE2 3QA
THE AFRICA FOUNDATION
CONTENTS
Page
Trustees report
1 - 4
Statement of financial activities
6
Balance sheet
7
Notes to the accounts
8 - 14
THE AFRICA FOUNDATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Structure, governance and management

The company was incorporated on the 9 May 2001, is limited by guarantee and is governed by its Memorandum and Articles of Association. It is registered as a charity with the charity commission. The company changed its name from The Africa Foundation to Wild Impact Foundation on 12 November 2024.

The trustees, who are also the directors for the purpose of company law, and who served during the year or who were appointed after the year end were:

Tara Getty
Christopher Thomsen
William Cadogan
Jessica Getty
Judy James
Peter Burdin

Appointment of trustees

No person may be appointed as a trustee:

 

- if they are under the age of 18 years; or

- in circumstances such that, had they already been a trustee, they would have been disqualified from acting under the provisions of Article 11.1.

 

The trustees may appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee.

Organisational structure

The trustees are responsible for the strategic direction and policy of the charitable company.

 

The charitable company has no employees but benefits from the staff at the Getty family's private office situated in London, where accountancy, cash management and administrative matters are delegated by the trustees.

 

The trustees have complied with their duty to have due regard to the guidance on public benefit published by the commission in deciding what activities the charitable company should undertake.

 

Related parties

Wild Impact Foundation had related party transactions with the Africa Foundation Trust in the year. During the year William Cadogan was on the board of the Africa Foundation Trust, a South African Trust (operating as Wild Impact). Full details of the transactions are detailed in note 17.

 

 

THE AFRICA FOUNDATION
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

Risk management

The trustees believe that by monitoring reserve levels and ensuring that controls exist over key financial systems, and by examining from time to time the operational risks faced by the charity and its grant giving, that they have established effective systems to mitigate the major risks to which the charity is exposed.

 

The charity trustees have created a grants approval committee whose responsibility it is to review each grant application on an individual basis. The grants approval committee have a formal checklist which covers the due diligence which is required to be provided by each charity/project applying for funding. The grants approval committee have the power to select charities for funding and to approve individual grants. During the year ended 30 June 2024 grants were approved to two charities (Africa Foundation Trust - SA [operating under the name of Wild Impact] and Wild Impact Foundation, Tanzania), which were allocated to various projects as outlined on page 3.

 

The trustees seek to formalise continuing relationships they have with a written Memorandum of Understanding which must be agreed by both parties. This sets out the terms and responsibilities of both charities and sets out the level of reporting which is required by Wild Impact Foundation. This mitigates the risk of the grants not being spent as was detailed in the original grant applications and pledge agreements.

 

The trustees regularly review the cashflow of the company to ensure it can meet its future liabilities.

The objects of the charity are:

 

Conserving Ecosystems

Support biodiversity focused restoration and conservation projects in these landscapes and seascapes.

 

Future Foundations

Support improved access to primary health care and early-childhood, primary and secondary education in the communities that are the custodians of these landscapes and seascapes.

 

Tomorrow's Leaders

Support improved tertiary-education level skills and environmental education in the communities that are the custodians of these landscapes and seascapes.

 

Thriving Communities

supporting improved climate change resilience, enterprise capacity, youth employment and sustainable tourism activity in the communities that are the custodians of these landscapes and seascapes.

 

Principal activity

The principal activity of Wild Impact Foundation is to receive donations and raise funds in the UK to assist conservation and community development initiatives in South America, Africa and Asia. These projects are implemented by Africa Foundation Trust (operating under the name of Wild Impact), based in Johannesburg, South Africa and Wild Impact Foundation based in Arusha, Tanzania.

 

 

 

 

Public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the company's aims and objectives and in planning the future activities of the charity.
THE AFRICA FOUNDATION
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Achievements and performance

Charitable activities

From every £1 donated in this period, Wild Impact Foundation spent 99p on projects in the areas of healthcare, education, WASH (water, sanitation, hygiene), economic development and conservation in rural communities in Southern and East Africa.  During the year ending 30th June 2024, Wild Impact Foundation supported projects in South Africa, Kenya, Tanzania, Mozambique, and Botswana.

 

Funds are restricted to specific infrastructure projects and ongoing community and conservation development programmes.

 

Sustainability is most important in all our dealings and we ensure that projects are well monitored and followed through to their completion, with financial reporting provided.

 

The following projects were undertaken during the year:

 

Education:

 

WASH:

 

Economic Development:

 

Conservation:

 

FUTURE DEVELOPMENTS

The charity has changed its name from The Africa Foundation to Wild Impact Foundation to align with the name change of the partner entities based in South Africa and Tanzania. In the coming years the charity will expand its fundraising to areas outside of Africa, where the broader Wild Impact organisation is active.

 

The charity relies on regular direct debit donations, donations from philanthropic foundations and trusts and some corporates, which we will continue to solicit. We also continue to support donor fundraising campaigns run through our JustGiving Fundraising Pages.

 

Financial performance

The company had excess income over expenditure in the year of £43,342 (2023: £64,762 excess expenditure over income) for the year after charitable expenditure of £546,732 (2023: £827,566). Accumulated excess income over expenditure carried forward was £49,921 (2023: £6,579).

THE AFRICA FOUNDATION
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
Financial review

Reserves policy

The directors have established a reserves policy whereby unrestricted funds which are not committed, are always maintained at a level sufficient to meet the charity's running costs. As at 30 June 2024, the amount of unrestricted funds was £32,316. The running costs of the charity are currently approximately £500 per month.

 

Principal funding sources

The largest personal donation was £10,000 and the company received donations from one particular charitable trust totalling £256,130. The company also received further personal donations, trust and corporate donations, direct debits and funding from the JustGiving Fundraising Pages.

 

Going Concern

The Trustees consider the charitable company to be a going concern for at least the next 12 months. The Trustees are carefully managing the overhead costs of the charitable company in light of adverse economic conditions and agree to support the charitable company through donations for the foreseeable future. On this basis, the Trustees continue to adopt the going concern basis of accounting.

Plans for the future

The charity relies on regular direct debit donations, donations from philanthropic foundations and trusts and some corporates, which we will continue to solicit. We also continue to support donor fundraising campaigns run through our JustGiving Fundraising Pages. The charity is also in the process of recruiting a Fundraising Director, who will be responsible for developing and implementing a UK fundraising drive.

Statement of trustees responsibilities

The trustees, who are also the directors of The Africa Foundation for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees report was approved by the Board of Trustees.

William Cadogan
Trustee
Dated: 18 March 2025
THE AFRICA FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE AFRICA FOUNDATION
- 5 -

I report to the trustees on my examination of the financial statements of The Africa Foundation (the charity) for the year ended 30 June 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.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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 Companies Act 2006.

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 Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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.

David Turner FCA BSc
ICAEW
Church Farm
Elmdon
Saffron Walden
Essex
CB11 4LT
Dated: 18 March 2025
THE AFRICA FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
Notes
£
£
£
£
Income from:

Donations and gift aid

2
48,854
540,945
589,799
762,835
Interest receivable
3
597
-
597
613
Total income
49,451
540,945
590,396
763,448
Expenditure on:

Raising funds

4
304
20
324
634
Charitable activities
5
18,322
528,410
546,732
827,566
Total resources expended
18,626
528,430
547,056
828,200
Net income/(expenditure) for the year/
Net incoming/(outgoing) resources
30,825
12,515
43,340
(64,752)
Other recognised gains and losses
Other gains or losses
9
2
-
2
(10)
Net movement in funds
30,827
12,515
43,342
(64,762)
Fund balances at 1 July 2023
1,489
5,090
6,579
71,341
Fund balances at 30 June 2024
32,316
17,605
49,921
6,579

The statement of financial activities includes all gains and losses recognised in the year.

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

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE AFRICA FOUNDATION
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 7 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
10
7,729
4,559
Cash at bank and in hand
42,887
2,694
50,616
7,253
Creditors: amounts falling due within one year
11
(695)
(674)
Net current assets
49,921
6,579
The funds of the charity
Restricted income funds
13
17,605
5,090
Unrestricted funds
12
32,316
1,489
49,921
6,579

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The directors acknowledge 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 18 March 2025
William Cadogan
Trustee
Company registration number 04212822 (England and Wales)
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
1
Accounting policies
Charity information

The Africa Foundation is a private company limited by guarantee incorporated in England and Wales The registered office is Ground Floor, 6 Chesterfield Gardens, London, W1J 5BQ.

1.1
Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

1.2
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 as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

 

Further details of Restricted funds are disclosed in note 12.

1.3
Incoming resources
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.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.4
Resources expended
Expenditure is recognised when a liability is incurred.
Costs of generating voluntary income are commission costs incurred in attracting voluntary income.
Charitable expenditure comprises those resources expended by the charity in undertaking its work to meet its charitable objectives as disclosed in the Trustee's Report.
Governance costs are those costs which relate to the general running of the charity.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.  Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 9 -
1.5
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 are included in net income/expenditure for the period.

1.6

Liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

2

Donations and gift aid

Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
Donations and gift aid
48,854
540,945
589,799
For the year ended 30 June 2023
88,029
674,806
762,835
Donations and gift aid
Individuals
1,911
52,110
54,021
20,802
Corporates
10,000
19,449
29,449
42,799
Trusts
35,349
436,856
472,205
689,978
JustGiving
1,262
22,672
23,934
4,078
Gift Aid
332
9,858
10,190
5,178
48,854
540,945
589,799
762,835
3
Interest receivable
2024
2023
£
£
Bank & HMRC interest receivable
597
613
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
4

Raising funds

Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£

Costs of generating donations

JustGiving fees
304
20
324
634
304
20
324
634
5
Charitable activities

Grants

Unrestricted

Grants Restricted

Governance costs

Total
2024
Total
2023
£
£
£
£
£
Grant funding of activities
16,316
528,410
-
544,726
824,458
Share of governance costs
-
-
2,006
2,006
3,108
16,316
528,410
2,006
546,732
827,566
Governance costs includes the Independent Examiner's fee of £660 (2023: £660) for carrying out the Independent Examination of these financial statements.
6
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
0
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
8
Taxation

Income and capital gains arising in the course of charitable activities are normally covered by the charity's exempt status.

 

This exemption may not apply where the charity has:

 

During the year, Wild Impact Foundation had reclaimable tax of £9,991 (2023: £4,539) with respect to Gift Aid donations. In addition, Gift Aid was claimed via JustGiving totalling £200 (2023: £665).

9
Other gains or losses
2024
2023
£
£
Foreign exchange (gains)/ losses
(2)
10
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Debtors
-
20
Gift aid recoverable
7,659
4,539
Accrued income
70
-
7,729
4,559
11
Creditors: amounts falling due within one year
2024
2023
£
£
Creditors
34
13
Accruals
661
661
695
674
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
12
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 July 2023
Incoming resources
Resources expended
Gains and losses
At 30 June 2024
£
£
£
£
£
General funds
1,489
49,451
(18,626)
2
32,316
Previous year:
At 1 July 2022
Incoming resources
Resources expended
Gains and losses
At 30 June 2023
£
£
£
£
£
General funds
67,341
88,642
(154,484)
(10)
1,489
13
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Balance at 1 July 2023
Incoming resources
Resources expended
Balance at 30 June 2024
£
£
£
£
Sexaxa School
4,340
49,757
(53,972)
125
ECHO KZN
750
-
(750)
-
Anton Bilton School
-
5,591
(5,591)
-
Botswana Projects
-
14,043
(11,543)
2,500
E Bikes Project
-
12,750
-
12,750
Emurutoto Primary School
-
603
(543)
60
Ganyani Creche
-
10,000
(10,000)
-
Inkosi School
-
110,950
(110,950)
-
Isihlangu Creche
-
20,500
(20,500)
-
Mlimboni Primary School
-
22,081
(22,081)
-
Moya Moyoka Flood Relief
-
22,632
(20,461)
2,171
Ololosokwan Primary School
-
430
(430)
-
Tara Getty Secondary School
-
217,142
(217,142)
-
Tustsubega Borehole
-
11,223
(11,223)
-
Getty Asterism
-
23,771
(23,771)
-
Maltahohe Food Security
-
7,824
(7,824)
-
Food Security & Agriculture Support
-
11,648
(11,648)
-
5,090
540,945
(528,429)
17,605
THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
13
Restricted funds
(Continued)
- 13 -

The 'Sexaxa School' restricted funds are restricted to the Sexaxa Primary School, Botswana.

 

The 'ECHO KZN' restricted funds are restricted to the Environmental Education Programme, South Africa.

 

The 'Anton Bilton School' restricted funds are restricted to the Aniton Bilton School in Greater Kruger, South Africa.

 

The 'Botswana Projects' restricted funds are restricted to projects in Botswana.

 

The 'E Bikes Project' restricted funds are restricted to the Masai Mara - Bikes & Solar Charging project for Community and Conservation Rangers, Kenya.

 

The 'Emurutoto Primary School' restricted funds are restricted to the Emurutoto Primary School, Kenya.

 

The 'Ganyani Creche' restricted funds are restricted to Ganyani day care creche in Great Kruger, South Africa.

 

The 'Inkosi School' restricted funds are restricted to Inkosi Zwelakhe High School, South Africa.

 

The 'Isihlangu Creche' restricted funds are restricted to Isihlangu Sempi Creche in Kwazulu-Natal, South Africa.

 

The 'Mlimboni Primary School' restricted funds are restricted to Mlimboni Primary School in Mnemba Island Tanzania.

 

The 'Moya Moyoka Flood Relief' restricted funds are restricted to the Moya Mayoka Flood Relief Project in Lake Manyara & Ngorongoro Crater, Tanzania.

 

The 'Ololosokwan Primary School' restricted funds are restricted to the Ololosokwan Primary School, Tanzania.

 

The 'Tara Getty Secondary School' restricted funds are restricted to the Tara Getty Secondary School, Tanzania.

 

The 'Tustsubega Borehole' restricted funds are restricted to the Tustsubega water project, Botswana.

 

The 'Getty Asterism' restricted funds are restricted to research projects in South Africa.

 

The 'Maltahohe Food Security Project' restricted funds are restricted to the Maltahohe Food Security Project, Nambia,

 

The 'Food Security & Agriculture Support Project' restricted funds are restricted to the Food Security & Agriculture Support Project in the Okavango Delta, Botswana.

 

14
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
£
£
£
Fund balances at 30 June 2024 are represented by:
Current assets/(liabilities)
32,316
17,605
49,921
32,316
17,605
49,921

 

THE AFRICA FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
15
Membership
The company is limited by guarantee and the liability of the members is limited.
Every member of the charitable company undertakes to contribute such amounts as may be required (not exceeding £10) to the company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for payment of the charitable company's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights and contributions among themselves.
The 6 (2023: 6) members of the company during the year were:
T G Getty
C M Thomsen
W D Cadogan
J S D Getty
J A James
P W Burdin
16
Ultimate Controlling party
There is no ultimate controlling party
17
Related party transactions

During the year ended 30 June 2024, grants were approved to the Africa Foundation Trust (operating under the name of Wild Impact) totalling £283,144 (2023: £824,458). The Africa Foundation Trust is a South African Trust of which William Cadogan was a board member during the financial year.

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