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.
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:
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.
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.
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:
Science laboratories at Inkosi Zwelakhe Secondary School, ISimangaliso, South Africa
Classrooms, ablutions and office at Sexaxa Primary School in the Okavango Delta region of Botswana
Science laboratories, staff accommodation and sportsgrounds at Tara Getty Secondary School, in the Lake Manyara region of Tanzania
Classrooms at Ganyani Creche in Greater Kruger, South Africa
Classrooms at Mlimboni Primary School in Zanzibar
Science equipment and supplies to Bilton Secondary School, Greater Kruger, South Africa
School nutrition Programme funding to support food provisions and a new oven for PA Schmidt Primary School Feeding Programme in Maltahohe, Namibia
WASH:
Student ablution facilities at Emurutoto Primary School in Masai Mara region of Kenya.
Staff ablution facilities at Kilimamoja Secondary School in the Lake Manyara National Park region of Tanzania.
Student ablutions at Tara Getty Secondary School in the Lake Manyara National Park region of Tanzania.
Installation of solar powered borehole within the Nxabe Settlement, Shorobe community of the Okavango Delta region in Botswana
Economic Development:
Funding for the Tsutsubega and Gogomoga communities Agriculture programme, developing 2 community – run commercial farms in the Okavango Delta region of Botswana.
Conservation:
Funding towards environmental education lessons in schools bordering core conservation areas in South Africa.
Bursaries provided towards four post-graduate students in South Africa, studying in the field of 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).
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.
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.
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.
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.
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:
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
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
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.
Donations and gift aid
Raising funds
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 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.
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.
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.
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.
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.
Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Donations and gift aid
Raising funds
Costs of generating donations
Grants
Unrestricted
Grants Restricted
Governance costs
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
The average monthly number of employees during the year was:
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:
Significant levels of trading outside the primary purpose of the charity or;
Expended funds for non-charitable purposes or;
Made non qualifying loans or investments.
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).
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.
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.
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.
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.