AfrikaBurn Financials

TRANSPARENCY & FINANCIAL REPORTING

The Directors and organisers of AfrikaBurn consider good governance and financial transparency to be critical to the long term success and existence of AfrikaBurn. As a registered Not For Profit company, transparency in financial matters is not negotiable, and we’re happy to provide the info below to answer any questions our community may have about where money is spent, and how.

To this end, we are committed to making our annual financial statements available online  on an annual basis. Please note that financial statements are often fairly hard to understand – however, we have given our auditors instructions to make them as simple to understand (for a layman) as possible while complying with auditing requirements.

 

Financial Statements for 2007-2012

This statement compares our income and expenditure for each year of AfrikaBurn’s operation from 2007 to 2012. Please note that these are cash figures taken from our management accounts and do not correspond to figures that appear in our annual audited financial statements, for two main reasons:

  1. Our first two financial years were abnormally long (we moved the end date for the second one) and each included two events. We have separated out each year and its associated event, to avoid confusion and allow for more meaningful comparison.
  2. We have not included balance sheet items like assets bought, loans from members, donations in kind, amounts owing for outstanding audit and legal fees, other accruals, etc.

 

Audited Financials for 2013:

 

Audited Financials for 2014

 

Audited Financials for 2015

 

Audited Financials for 2016

Audited Financials for 2017

 

The audited annual financial statements are also available upon request. To obtain copies please contact finance@afrikaburn.com

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