Rating reports

AfriKids
Input

Director/founder, Georgie Fienberg, studied Anthropology before working in the pharmaceutical sector. For 5 years, she made contacts, raised funds and developed what was to become AfriKids in 2002. Still only 30, she has consulted on development and charity start-ups while growing AfriKids. While on maternity leave to mid-2009, other members of the dedicated and professional young UK team will direct the charity. Their experience includes business development and project & finance management experience. Nich Kumah, the Ghana Director, has a degree in sociology and a public administration background. He began a street child welfare organisation locally before joining with AfriKids to launch Operation Bolgatanga. He now oversees all local projects. Trustees include business professionals, and people with accounting and investment experience.

Key Financials
Year end 31 Dec (£000s) 2007 2008
Income
Project restricted income 501 321
Unrestricted income 367 663
Investment income 3 2
Total income 871 986
Expenses
Project expenses 735 797
Costs of generating funds 73 202
Administration expenses 40 50
Total expenses 848 1,050
Balance of project restricted funds 93 48
Reserves
69 51
Number of employees
6 6

Since it began in 2002, the charity has been growing rapidly, particularly in 2007 when the fundraising efforts made earlier began to show positive results. Before 2007, ratios were somewhat variable. This was partly due to the accounting policies adopted by the auditors at the time, which did not sufficiently credit high levels of UK management input into the Ghana operations. More appropriate policies now adopted have resulted in sounder ratios.

Fundraising were higher than normal in 2008 because Afrikids produced a directly sponsored documentary. There was significant pro bono PR support around its release and there should be a long-term positive impact.

 

Key ratios
2007 2008
Proportion of restricted income 57% 33%
Proportion of income used on projects 84% 81%
Programme ratio 87% 76%
Administration ratio 5% 5%
Fundraising efficiency 8p 21p
Reserve development 128% -26%
Number of months of cost coverage 1.1 0.6
Development Ratings estimates

Donations are not broken down by individual donor. Around one third of funds in 2007 came from institutions, trusts and corporations. Just over one third came from regular individual and high net worth donors, and just under one third came from events and community group donations.

Project expenditure is exclusively in Ghana. In 2007, the main project spending was: Operation Fresh Start 17%; Operation Sirigu 16%; AfriKids Medical Centre 13%; Operation Zuarungu 10%; Operation Sunlight 9%; Operation Bolgatanga 7%; and AfriKids Ecovillage 7%.


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