AFRICAN LEADERSHIP INSTITUTE

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Statement of Financial Position	7
Notes to the Financial Statements	8—11

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

AfLI’s objective is to promote transformative and accountable leadership, and the training of effective leaders in Africa. The Institute encourages and supports individuals in Africa, who are, or wish to be, in positions of leadership, to learn and to develop their skills through its flagship programme, the Archbishop Tutu Leadership Programme. The programme is delivered in part with Oxford University.

In addition to the Tutu programme, AfLI designs and delivers programmes for other entities. These programmes provide a variety of leadership learning experiences to the individuals on the programme, the output of which, if relevant and appropriate, is made available to the general public. For these objectives to be achieved, significant funds have to be raised to implement the programmes.

We also provide leadership training and coaching to the Calestous Juma Fellows, a selected group of Africa’s top research scientists, funded by the Gates Foundation and to the Financing Alliance for Health Fellows, an organisation of senior public health officials from various African countries.

With around 420 Tutu Fellows, currently distributed across 46 African countries, a concerted effort is being made to facilitate active engagement of the Alumni network in advancing good leadership on the continent.

Report of the Trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).

Achievements and Performance

Main Achievements

The pool of nominations for the 2025 Tutu Fellowship was once again incredibly rich, and the resultant group of selected Fellows are an extremely impressive set of emerging African leaders. As in previous years, the nominators were asked to submit only candidates of the very highest quality. Nominations are not open to the general public as we would be totally swamped with applicants, but despite that, the reputation of the programme is so strong we received 900 nominations for the 25 places available. The programme is designed to provide a world-class leadership learning experience to high potential mid-career young African leaders from government, business, the professions or civil society, and focusses on the demands placed on African leaders who have to interact and lead both locally and globally. For the first time the 2025 programme was delivered in partnership with the Skoll Centre for Entrepreneurship at the Said Business School, Oxford University, and it was a great success.

A central objective of the Institute is the development of a networked community of future leaders across Africa - The Archbishop Tutu Fellows Alumni. These Fellows, and other high potential young African leaders, will have at their disposal the facilities, the connectivity, the intellectual foundation, and the rich human resources of the Institute and the Alumni structure, to influence change and the successful development of the continent to reflect its rightful position in the global environment. An important step in this process is to ensure an effective Tutu Fellows alumni network is established, and we continue to take steps towards this elusive objective. The Tutu Fellows themselves continue to be very active leaders on the continent as evidenced by the numerous awards received, and other achievements publicised, during the year.

The programme for the first cohort of Calestous Juma Fellows continued during 2025, with the focus shifting to the provision of individual life coaching. This is a group of 14 African scientists, whom the Bill & Melinda Gates Foundation selected for their scientific achievements as well as their potential to be future scientific leaders on the continent. This year The Gates Foundation approached us to coordinate the Leadership Accelerator Programme for the second cohort of Calestous Juma Fellows, which will involve not only leadership training but also communications and policy training delivered by partner organisations.

We continued our partnership with the Financing Alliance for Health to deliver leadership training to their 2025 cohort of FAH Fellows – a selected group of public health officials from 5 different African countries. We provided training modules during two workshops, and an online seminar.

Fund-raising remains a priority for the Institute. Whilst sufficient reserves have been accumulated in previous years to carry the deficits of the recent years, funds need to be raised continually. These are required not only to balance the books, but also to grow the Institute in order to enhance the leadership capabilities of more young African leaders than the 25 we develop each year on the Tutu programme, and to support the efforts of the Tutu Fellows alumni to make Africa a better place for all. The Gates and FAH programmes are examples of how we can reach a broader range of leaders.

...CONTINUED

Page 1

Page 2

AFRICAN LEADERSHIP INSTITUTE

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

We also wish to build upon the excellent reputation we have established, and to make more effective use of our capabilities and resources. Dr Chimhanzi, the CEO based in South Africa, had been very successful in raising significant funds in South Africa to supplement those raised in the UK for the Tutu Programme. In 2025, the South African Company transferred some of these funds to the UK Company, including funds from the Gates grant. The South African accounts are reported separately to the South African authorities, but, as Trustees, we take a consolidated view of our finances in our deliberations. With many speakers, faculty and service providers offering pro-bono or subsidised services, it is possible to run world-class programmes at low cost. However, our consolidated overhead costs have been increasing, which is an item we are watching carefully. Dr. Chimhanzi resigned at the end of 2024 to take up a very senior position at a prestigious development organisation, and unfortunately our fundraising efforts in 2025 were less successful.

Financial Review

Financial Position

The main items of expenditure in the UK were the Tutu Fellowship workshop in Oxford and London, coordination of the Calestous Juma Programme, and general overheads. The Tutu Fellowship direct costs were largely covered by sponsorship, but overheads increased as there was a shift to paying more of our global expenses from the UK.

Sponsorship income in the UK for the Tutu Fellowship was comparatively low at £30,000. However, our sister organisation in South Africa AFLI SA secured three corporate sponsors for the 2025 Programme. They also raised project funds from the FAH, and the Mastercard Foundation, who support the Institute’s goals of developing African leaders.. In addition, the Calestous Juma Leadership Programme is fully funded by the Gates Foundation and all costs of this programme incurred in the UK are fully reimbursed.

AFLI SA, which receives most of AFLI’s grant and project funding, was invoiced for the 2025 Tutu Programme and other Project costs incurred in the UK for which funding had been granted in South Africa. Thus, although expenditure in the UK was noticeably more than funds raised in the UK, the transfer of funds from AFLI SA to cover Programme expenses ensured that AFLI UK made a deficit of £22,057, in 2025.

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 19 November 2003, and registered as a charity on 1 July 2004.

Recruitment and appointment of new trustees

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Associaton. Under those Articles, at each AGM one third of the directors shall retire from office, but each retiring director shall be eligible for re-election.

Organisational structure

The directors of the company are also charity trustees for the purpose of charity law and under the company'sarticles are known as members of the Management Committee. Under the requirements of the Memorandum & Articles of Association one third of the directors are required to retire from office, but are eligible forre-election.

New Trustees are recruited through the existing Trustees network of contacts, and those of the Executive andAdvisory Panel. No outside party can appoint trustees.

Reference and Administrative Details

Trustees

J Greensmith

K Maphisa (appointed 28/01/2025)

I Fokuo (appointed 24/01/2025)

A Zimbler

S Lance (resigned 16/11/2025)

M Stone (resigned 31/01/2025)

M Kingston (appointed 24/01/2025) (resigned 24/07/2025)

Page 2

Page 3

AFRICAN LEADERSHIP INSTITUTE

Trustees' Report (continued)

For The Year Ended 31 December 2025

Company Secretary

P Wilson

Charity Number

1104688

Company Number

04969904

Registered Office

Hillcrest, Guildford Road

OTTERSHAW

Surrey

KT16 0QL

Independent Examiner

Brian Mason FCCA

Alvis & Company (Accountants) Ltd

143 Station Road
Hampton
Middlesex
TW12 2AL

Solicitors

Infields, 2 High Street, Hampton Wick, Kingston upon Thames, Surrey KT1 4DB.

Bankers

National Westminster Bank, 1 High Street, Woking, Surrey, GU21 1ZS.

FUNDS HELD AS CUSTODIAN FOR OTHERS

No funds are held as custodian trustee on behalf of others.

Page 3

Page 4

AFRICAN LEADERSHIP INSTITUTE

Trustees' Report (continued)

For The Year Ended 31 December 2025

Other Information

FUTURE DEVELOPMENTS

The plan for 2026 and beyond is to consolidate the success of the Archbishop Tutu Leadership Programme, and to build a network of high potential future leaders across Africa committed to improving the quality of leadership on the continent. It is our intention to support these young leaders in their endeavours, through the Alumni Network and its activities, in order to encourage them to utilise their leadership capabilities for the betterment of the greater community of Africans, and to influence positively the future development of the continent.

The Calestous Juma Leadership project is an important initiative in broadening our leadership development reputation, and in reaching a different and important set of future African leaders. We will continue to coordinate the Accelerator Programme in 2026, in partnership with the Gates Foundation, and, we are in discussions with the Gates Foundation to continue in this role as they roll out the next cohort of Calestous Juma Fellows.

The Board’s attention is now focused on the sustainability of the Institute and its future strategy. Whilst our fundraising initiatives with programme sponsors and international philanthropic organisations have been successful in the past, we remain alert to the vital need both to sustain these initiatives and to raise more funds to build a comfortable reserve. There has been a significant reduction in global funding for international development initiatives which impacts all Africa focused charitable activities, so we are refocusing our fundraising efforts . We will also endeavour to establish an endowment in order to secure our sustainability going forward. Furthermore, we will be seeking opportunities to employ our leadership development skills, together with the rich resources within our Alumni network, to deliver focused leadership initiatives for critical issues on the continent.

We will continue to review the governance and organisational structure of the Institute, both in the UK and South Africa. The two Boards hold regular joint meetings to ensure successful coordination of the activities and finances of the organisations. It has been agreed to follow this pattern in the future

FUNDS HELD AS CUSTODIAN FOR OTHERS

No funds are held as custodian trustee on behalf of others

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

J Greensmith

Trustee

18 September 2026

Page 4

Page 5

AFRICAN LEADERSHIP INSTITUTE

Independent Examiner's Report to the Trustees of AFRICAN LEADERSHIP INSTITUTE

For The Year Ended 31 December 2025

Independent Examiner's Report to the Trustees of AFRICAN LEADERSHIP INSTITUTE

Independent examiner's report to the trustees of African Leadership Institute ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’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 The Association of Chartered Certified Accountants, 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts 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
the accounts 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 accounts to be reached.

Brian Mason FCCA

18 September 2026

143 Station Road
Hampton
Middlesex
TW12 2AL

Page 5

Page 6

AFRICAN LEADERSHIP INSTITUTE

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies		40,550	31,286
Charitable activities:
Programmes		277,183	185,767
Investments	3	905	809

		318,638	217,862

EXPENDITURE ON:
Raising funds	5	(29,719 )	(37,483 )
Charitable activities:	5
Programmes		(310,976 )	(211,951 )

		(340,695 )	(249,434 )

NET EXPENDITURE		(22,057 )	(31,572 )


NET MOVEMENT IN FUNDS		(22,057 )	(31,572 )
RECONCILIATION OF FUNDS:
Total funds brought forward		48,700	80,272

TOTAL FUNDS CARRIED FORWARD	11	26,643	48,700

The notes on pages 8 to 11 form part of these financial statements.

Page 6

Page 7

AFRICAN LEADERSHIP INSTITUTE

Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	8	1,544	635

		1,544	635
CURRENT ASSETS
Debtors	9	7,260	5,578
Cash at bank and in hand		84,806	75,419

		92,066	80,997
Creditors: Amounts Falling Due Within One Year	10	(66,967 )	(32,932 )

NET CURRENT ASSETS (LIABILITIES)		25,099	48,065

TOTAL ASSETS LESS CURRENT LIABILITIES		26,643	48,700

NET ASSETS		26,643	48,700

FUNDS OF THE CHARITY
Unrestricted Funds		26,643	48,700

TOTAL FUNDS	11	26,643	48,700

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

J Greensmith

Trustee

18 September 2026

The notes on pages 8 to 11 form part of these financial statements.

Page 7

Page 8

AFRICAN LEADERSHIP INSTITUTE

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

AFRICAN LEADERSHIP INSTITUTE is a company limited by guarantee, incorporated in England & Wales, registered number 04969904 and registered charity number 1104688 . The registered office is Hillcrest, Guildford Road, OTTERSHAW, Surrey, KT16 0QL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.3. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to thefunds, it is probable that the income will be received and the amount can be measured reliably.

2.4. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% on cost

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.7. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

3. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	905	609
Other interest receivable	-	200

	905	809

Page 8

Page 9

AFRICAN LEADERSHIP INSTITUTE

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Net Income/(Expenditure)

The net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	492	212
Gain/Loss on disposal of tangible fixed assets	-	905

5. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 6 )	Total
	£	£	£
Raising funds	1,811	27,908	29,719
Programmes	310,976	-	310,976

	312,787	27,908	340,695

			2024
	Activities undertaken directly	Support costs (see note 6 )	Total
	£	£	£
Raising funds	988	36,495	37,483
Programmes	211,046	905	211,951

	212,034	37,400	249,434

6. Support Costs

	2025
	Raising funds
	£
General administration	639
Depreciation	492
Governance costs	26,777

	27,908

			2024
	Raising funds	Programmes	Total
	£	£	£
General administration	656	-	656
Depreciation	212	905	1,117
Governance costs	35,627	-	35,627

	36,495	905	37,400

Page 9

Page 10

AFRICAN LEADERSHIP INSTITUTE

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Average Number of Employees

Average number of employees during the year was: 5 (2024: 5)

8. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	1,059
Additions	1,401

As at 31 December 2025	2,460

Depreciation
As at 1 January 2025	424
Provided during the period	492

As at 31 December 2025	916

Net Book Value
As at 31 December 2025	1,544

As at 1 January 2025	635

9. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	7,260	5,578

10. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	66,967	32,932

11. Movement in Funds

	As at 1 January 2025	Income	Expenditure	As at 31 December 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	48,700	318,638	(340,695 )	26,643


Total funds	48,700	318,638	(340,695 )	26,643

Page 10

Page 11

AFRICAN LEADERSHIP INSTITUTE

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

	As at 1 January 2024	Income	Expenditure	As at 31 December 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	80,272	217,862	(249,434 )	48,700


Total funds	80,272	217,862	(249,434 )	48,700

12. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

13. Related Party Disclosures

There were no related party transactions for the year ended 31 December 2025.

14. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 11