Annual report and financial statement for fiscal year 2025
1. Reflecting on the past year
Our continued commitment to non-formal education, training, and activism to support and strengthen the capacities of youth of African descent and their organisations and communities has increased and showed promising results in 2025. Through projects, we are bringing about the meaning of inclusion of marginalised youth in education, training and activism that challenges different forms of racism and discrimination based on race, sex, gender, and gender expression. Our intersectional, interdisciplinary approach to an inclusive and diverse education, training, activism, and volunteerism in youth work is paying off. Overall annual projects’ budget for the fiscal year 2025 was € 450,000.00; including funds, grants and in-kind donations.
The digitalisation of our organisation’s work through digital-based accounting and financial reporting, project management platform, and training application, along with our resource-based website, reflects our efforts in transforming how non-formal education and youth work are practised. These efforts are the foundation of our transformation into a dynamic training provider and resources developer organisation that: (1). Enable smart project management and financial reporting to improve reliability, transparency and accountability; and (2). Combine face-to-face training with digital learning for a seamless and complementary flow of learning. Our journey to becoming an intelligent training provider and open educational resources developer non-profit organisation has reached its maturity and has therefore played a crucial and important role in the digitalisation of our training offerings.
2. Activities and financial report
Our annual report is designed to provide reasonable assurance regarding reliability of the organisation’s activities and financial reports and make this information available to the public. Financial reporting is done in accordance with generally accepted bookkeeping practices for non-profit organisations established by the Norwegian Accounting Standards Board. Internal control over activities and financial reporting relies on the organisation’s policies and procedures that pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the activities, transactions and dispositions of the assets of the organisation at the end of the concerned fiscal year. Thus, this provides reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements, and that expenditures are recorded through receipts and invoices.
2.1. Activities report
In 2025, we delivered six projects worth € 450,000.00 in terms of serving our targeted groups through training and community-based interventions, along with the production of open educational resources. Overall, our work and projects focus on promoting, defending and realising the rights of youth of African descent through education, training, artivism, and volunteerism; and engage youth in gender education, peacebuilding, environmental sustainability and in anti-discrimination, anti-racism interventions within the youth work environment. In the design and implementation of projects, we integrate and apply an intersectional, interdisciplinary approach blending gender education, education for peace, human rights education, youth entrepreneurship, and environmental education.
2.1.1. Intellectual outputs development
In 2025, we developed six intellectual outputs to enrich our open education resources. These include a narrative research report on gendered racism in Europe; an educational manual on the manifestation of gendered racism; an educational manual on the manifestation of internalised racism and racial trauma; an educational and training manual on the intersection of art and activism in countering gendered racism; and an educational and training manual on role of interactive theatre and storytelling techniques in undoing the effect of internalised racism and racial trauma.
2.1.2. International training programmes
In 2025, we designed and delivered six international training programmes for youth, youth workers and racialised and LGBTIQ+ youth of African descent. In the design and implementation of training programmes, we integrate and apply an intersectional, and interdisciplinary approach that blends gender education, education for peace, human rights education, youth entrepreneurship, and environmental education.
2.1.3. Community-based interventions
In 2025, we designed and delivered six community-based interventions for youth, youth workers and racialised and LGBTIQ+ youth of African descent. In the design and implementation of Community-based interventions, we integrate and apply an intersectional, and interdisciplinary approach that blends gender education, education for peace, human rights education, youth entrepreneurship, and environmental education.
2.2. Financial report
The primary responsibility for the integrity of financial information and reporting rests with the Executive Board, based on its best estimates and judgments. We have set the highest standard of ethical financial reporting supported by our commitment to transparency and accountability. Careful attention is given to the constant track on how funds are used, to ensure that adequate and unbiased reporting standards are attained.
And thus, our financial reporting procedure provides reasonable assurance that all operations are conducted in conformity with applicable rules and regulations as set out by our donors in each grant agreement. Balance sheets and related statements of income as well as cash flows for the fiscal year ended on December 31, and related notes express the Executive Board qualified opinion. Its responsibility is to express the opinion on the organisation’s internal control over its financial reporting based on internal audits.
2.2.1. Sources of incomes and expenditures
The total estimated budget for the year 2025 is € 450,000.00. This money came from approved projects' funds and grants from the European Union Funds and EEA & Norway Grants, as well as from Individual and in-kind donations. In all the case scenarios, each project is linked to its sources of funding. Most of our projects focus on education, training, activism and volunteerism; and us, the structure of the budget and expenditures are somehow similar across all projects’ incomes and expenses.
The largest portion of our budget goes to training activities; open educational resources development; and support participants' travel costs, lodging, boarding, and venue during training programmes. Staff and office costs are summarised in financial statements of functional expenses. Certain costs are allocated among projects based on the structure of the grants and the type of budget approved for staff costs, which is allocated based on the amount of the requested working days that can reasonably be used to design, develop or produce projects results and services.
2.2.2. Cash and cash equivalents
For purposes of the financial statements, the organisation considers all cash and highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. Further, management considers money market funds or grants to be cash equivalents.
2.2.3. Funds and grants
The organisation receives funding from several assistance programmes that supplement its traditional funding sources. Thus, the organisation recognises the award as a grant revenue as the expenses stipulated in the grant agreement have been incurred. It is to be noted that, for funds and grants where the organisation is the project coordinator, this is presented in the budget. In such cases, the budget is split among grant beneficiaries.
2.2.4. In-kind and individual donations
The organisation receives donations from people and companies in the furtherance of its non-profit mission. In-kind support consists of services the organisation uses for communication, meetings, and producing open educational resources as well as in providing training and project management tools. These include non-profits' donations from Google; Adobe Freedcamp; and Microsoft. Individual donations are defined as the cash received from the people who support the organisation's work.
3. Use of estimates and income taxes
In the preparation of financial statements in conformity with accounting principles, the Executive Board makes estimates and adjustments that might affect the reported amounts of assets and liabilities at the end of the fiscal year. As a non-profit organisation exempt from federal income taxes under Non-profit Corporates Act, the reported amounts of revenues and expenses are unit cost, rather than actual cost in relation to how funds are granted and the related grant agreements. Hence, actual results might slightly differ from those estimates. Overall, in our opinion, financial statements present fairly, in all respects, the financial position of the organisation as of December 31, 2025.
3.1. Statements and accounting policies
Statements of financial position of the organisation, related statements of activities, functional expenses, and cash flows for the ended fiscal year, and the related notes have been approved by The General Assembly. The Executive Board reports financial position and activities according to two classes of net assets: (a). Current Liabilities and (b). Net Assets, as applicable. The projects' funds and grants over multiple years. Thus, funds and grants are always restricted and can only be used for each specific project in line with its grant agreement. These funds and grants are approved on a unit cost basis; and thus, the Executive Board reports the exact amount as indicated on the grant application but not based on the actual amount.
2024 BUDGET€ 135,500.00
Revennues
- In-kind donation23.62%
- Fundraising events7.01%
- Individual donation6.64%
- Governmental Grants14.76%
- EEA and Norway Grants10.33%
- Other funds and grants5.17%
- European Union Grants22.14%
- Other organisation assets2.95%
- Contribution and donation7.38%
- Budget received from partners0.00%
2024 SPENT BUDGET€ 10,000.00
Expenditures
- Rent and office occupancy100.00%
- Office equipment purchase0.00%
- Management and staff cost0.00%
- Training programmes travels0.00%
- Meeting lodging and boarding0.00%
- Transnational meeting travels0.00%
- Meeting lodging and boarding0.00%
- Marketing and communication0.00%
- Dissemination and production0.00%
- Budget allocated to partners0.00%
2025 BUDGET€ 108,250.00
Revennues
- In-kind donation0.00%
- Fundraising events0.00%
- Individual donation0.23%
- Governmental Grants0.00%
- EEA and Norway Grants12.93%
- Other funds and grants2.77%
- European Union Grants14.78%
- Other organisation assets13.86%
- Contribution and donation4.62%
- Budget received from partners50.81%
2025 SPENT BUDGET€ 83,900.00
Expenditures
- Rent and office occupancy6.08%
- Office equipment purchase5.24%
- Management and staff cost4.17%
- Training programmes travels2.98%
- Meeting lodging and boarding7.15%
- Transnational meeting travels0.95%
- Meeting lodging and boarding0.48%
- Marketing and communication1.43%
- Dissemination and production5.96%
- Budget allocated to partners65.55%
2024 BALANCE SHEET details
2024 Income€ 135,500.00
Revenues |
||||
|---|---|---|---|---|
| EUR | NOK | Percentage | ||
| 1 | In-kind donation | 32,000.00 | 359,680.00 | 23.6% |
| 2 | Fundraising events | 9,500.00 | 106,780.00 | 7.0% |
| 3 | Individual donation | 9,000.00 | 101,160.00 | 6.6% |
| 4 | Governmental Grants | 20,000.00 | 224,800.00 | 14.8% |
| 5 | EEA and Norway Grants | 14,000.00 | 157,360.00 | 10.3% |
| 6 | Other funds and grants | 7,000.00 | 78,680.00 | 5.2% |
| 7 | European Union Grants | 30,000.00 | 336,200.00 | 22.1% |
| 8 | Other organisation assets | 4,000.00 | 44,960.00 | 3.0% |
| 9 | Contribution and donation | 10,000.00 | 112,400.00 | 7.4% |
| 10 | Budget received from partners | 0.00 | 0.00 | 7.4% |
Total revenues: |
135,500.00 | 1,522,020.00 | 100% | |
2024 Expenses€ 10,000.00
Expenditures |
||||
|---|---|---|---|---|
| EUR | NOK | Percentage | ||
| 1 | Rent and office occupancy | 10,000.00 | 10,000.00 | 100.0% |
| 2 | Office equipment purchase | 0.00 | 0.00 | 0.0% |
| 3 | Management and staff cost | 0.00 | 0.00 | 0.0% |
| 4 | Training programmes travels | 0.00 | 0.00 | 0.0% |
| 5 | Meeting lodging and boarding | 0.00 | 0.00 | 0.0% |
| 6 | Transnational meeting travels | 0.00 | 0.00 | 0.0% |
| 7 | Meeting lodging and boarding | 0.00 | 0.00 | 0.0% |
| 8 | Marketing and communication | 0.00 | 0.00 | 0.0% |
| 9 | Dissemination and production | 0.00 | 0.00 | 0.0% |
| 10 | Budget allocated to partners | 0.00 | 0.00 | 0.0% |
Total Expenditures: |
10,000.00 | 116,400.00 | 100% | |
1 € = 11.64 NOK, exchange rate in december 2024
Statements of financial position: 31.12.2024
Current assets |
||||
|---|---|---|---|---|
| EUR | NOK | |||
| Account receivable | ||||
| In-kind donation | 32,000.00 | 359,680.00 | ||
| Fundraising events | 9,500.00 | 106,780.00 | ||
| Individual donation | 9,000.00 | 101,160.00 | ||
| Contribution and donation | 10,000.00 | 112,400.00 | ||
| Budget received from partners | 0.00 | 0.00 | ||
| Grant receivable | ||||
| Governmental Grants | 20,000.00 | 224,800.00 | ||
| EEA and Norway Grants | 14,000.00 | 157,360.00 | ||
| Other funds and grants | 7,000.00 | 78,680.00 | ||
| European Union Grants | 30,000.00 | 336,200.00 | ||
| Cash and cash equivalents | ||||
| Other organisation assets | 4,000.00 | 44,960.00 | ||
| Total curent assets | 135,500.00 | 1,522,020.00 | ||
Current liabilities |
||||
| EUR | NOK | |||
| Account payable | ||||
| Rent and office occupancy | 10,000.00 | 116,400.00 | ||
| Office equipment purchase | 0.00 | 0.00 | ||
| Management and staff cost | 0.00 | 0.00 | ||
| Training programmes travels | 0.00 | 0.00 | ||
| Meeting lodging and boarding | 0.00 | 0.00 | ||
| Transnational meeting travels | 0.00 | 0.00 | ||
| Meeting lodging and boarding | 0.00 | 0.00 | ||
| Marketing and communication | 0.00 | 0.00 | ||
| Dissemination and production | 0.00 | 0.00 | ||
| Budget allocated to partners | 0.00 | 0.00 | ||
| Accrued liabilities | ||||
| Rent and office occupancy | 0.00 | 0.00 | ||
| Office equipment purchase | 0.00 | 0.00 | ||
| Management and staff cost | 0.00 | 0.00 | ||
| Total curent liabilities | 10,000.00 | 116,400.00 | ||
Net assets |
||||
| EUR | NOK | |||
| Total net assets | 125,500.00 | 1,405,620.00 | ||
2025 BALANCE SHEET details
2025 Income€ 108,250.00
Revenues |
||||
|---|---|---|---|---|
| EUR | NOK | Percentage | ||
| 1 | In-kind donation | 0.00 | 0.00 | 0.0% |
| 2 | Fundraising events | 0.00 | 0.00 | 0.0% |
| 3 | Individual donation | 250.00 | 2,810.00 | 0.0% |
| 4 | Governmental Grants | 0.00 | 0.00 | 0.0% |
| 5 | EEA and Norway Grants | 14,000.00 | 157,360.00 | 13.0% |
| 6 | Other funds and grants | 3,000.00 | 33,720.00 | 3.0% |
| 7 | European Union Grants | 16,000.00 | 186,240.00 | 15.0% |
| 8 | Other organisation assets | 15,000.00 | 172,100.00 | 14.0% |
| 9 | Contribution and donation | 5,000.00 | 56,200.00 | 5.0% |
| 10 | Budget received from partners | 55,000.00 | 640,200.00 | 51.0% |
Total revenues: |
108,250.00 | 1,248,630.00 | 100% | |
2025 Expenses€ 83,900.00
Expenditures |
||||
|---|---|---|---|---|
| EUR | NOK | Percentage | ||
| 1 | Rent and office occupancy | 5,100.00 | 59,364.00 | 6.0% |
| 2 | Office equipment purchase | 4,400.00 | 51,216.00 | 5.0% |
| 3 | Management and staff cost | 3,500.00 | 40,740.00 | 4.0% |
| 4 | Training programmes travels | 2,500.00 | 29,100.00 | 3.0% |
| 5 | Meeting lodging and boarding | 6,000.00 | 69,840.00 | 7.0% |
| 6 | Transnational meeting travels | 800.00 | 9,312.00 | 1.0% |
| 7 | Meeting lodging and boarding | 400.00 | 4,656.00 | 0.0% |
| 8 | Marketing and communication | 1,200.00 | 13,968.00 | 1.0% |
| 9 | Dissemination and production | 5,000.00 | 58,200.00 | 6.0% |
| 10 | Budget allocated to partners | 55,000.00 | 640,200.00 | 66.0% |
Total Expenditures: |
83,900.00 | 976,596.00 | 100% | |
1 € = 11.64 NOK, exchange rate in december 2025
Statements of financial position: 31.12.2025
Current assets |
||||
|---|---|---|---|---|
| EUR | NOK | |||
| Account receivable | ||||
| In-kind donation | 0.00 | 0.00 | ||
| Fundraising events | 0.00 | 0.00 | ||
| Individual donation | 250.00 | 2,810.00 | ||
| Contribution and donation | 5,000.00 | 56,200.00 | ||
| Budget received from partners | 55,000.00 | 640,200.00 | ||
| Grant receivable | ||||
| Governmental Grants | 0.00 | 0.00 | ||
| EEA and Norway Grants | 14,000.00 | 157,360.00 | ||
| Other funds and grants | 3,000.00 | 33,720.00 | ||
| European Union Grants | 16,000.00 | 186,240.00 | ||
| Cash and cash equivalents | ||||
| Other organisation assets | 15,000.00 | 172,100.00 | ||
| Total curent assets | 108,250.00 | 1,248,630.00 | ||
Current liabilities |
||||
| EUR | NOK | |||
| Account payable | ||||
| Rent and office occupancy | 5,100.00 | 59,364.00 | ||
| Office equipment purchase | 4,400.00 | 51,216.00 | ||
| Management and staff cost | 3,500.00 | 40,740.00 | ||
| Training programmes travels | 2,500.00 | 29,100.00 | ||
| Meeting lodging and boarding | 6,000.00 | 69,840.00 | ||
| Transnational meeting travels | 800.00 | 9,312.00 | ||
| Meeting lodging and boarding | 400.00 | 4,656.00 | ||
| Marketing and communication | 1,200.00 | 13,968.00 | ||
| Dissemination and production | 5,000.00 | 58,200.00 | ||
| Budget allocated to partners | 55,000.00 | 640,200.00 | Accrued liabilities | |
| Rent and office occupancy | 1,500.00 | 17,460.00 | ||
| Office equipment purchase | 2,000.00 | 23,280.00 | ||
| Management and staff cost | 2,000.00 | 23,280.00 | ||
| Total curent liabilities | 89,400 | 1,040,616 | ||
Net assets |
||||
| EUR | NOK | |||
| Total net assets | 18,850.00 | 208,014.00 | ||
