2016 Financials

2016 Financials

Financial Statements

Report of the Directors
For The Year Ended December 31, 2016

The Directors have pleasure in submitting their report together with the audited Financial Statements for the year ended December 31, 2016, which disclose the state of affairs of the organization.

Organisation and nature of activities

Alliance for a Green Revolution in Africa (AGRA) is an international non-profit, Non-Governmental Organization committed to ending hunger and promoting economic growth in Africa by improving the productivity and profitability of small scale farmers. The activities of AGRA which are predominantly providing grant support to smallholder farmers are funded primarily through donor contributions.

AGRA’s Mission

AGRA’s mission is to catalyse an African-led green revolution that will transform African agriculture into a highly productive, efficient, competitive and sustainable system which drives development and enables millions of rural poor to emerge from poverty and hunger.

Incorporation

AGRA was incorporated in the state of Washington, United States of America on August 31, 2006 as a Not-For-Profit corporation.

Legal Form:

Alliance for a Green revolution in Africa (AGRA) was registered on December 19, 2006 under Section 366 of the Kenyan Companies Act (Cap 486) as a branch of a foreign company registered in the United States of America as a Not-for-Profit Corporation.

Results
The results for the year ended December 31, 2016

Board Of Directors

Strive Masiyiwa
Moise C. Mensah
Judith Rodin
Jeff Raikes
Linah Mohohlo
Maria Andrade
Usha Zehr
Rodger Voorhies
Josette Sheeran
Joachim von Braun
H.E. Jakaya Kikwete
Frank Braeken
Fred Swaniker

By order of the Board of Directors

 

Chairman

Chairman
Member
Member
Member
Member
Member
Member
Member
Member
Member
Member
Member
Member

August 2006
August 2006
March 2008
January 2013
October 2012
October 2012
October 2012
January 2016
October 2012
April 2015
May 2016
December 2016
December 2016

Statement of Director’s Responsibilities

For the Year Ended December 31, 2016

The accompanying financial statements and all the information in this financial report are the responsibility of management and are approved by the Board of Directors. The directors are responsible for ensuring that AGRA keeps proper accounting records that are sufficient to show and explain the transactions of AGRA; disclose with reasonable accuracy at any time the financial position of AGRA; and that enables them to prepare financial statements of AGRA that comply with prescribed financial reporting standards. They are also responsible for safeguarding the assets of AGRA and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors accept responsibility for the preparation and presentation of these financial statements in accordance with Accounting Principles Generally Accepted in the United States of America (US GAAP). They also accept responsibility for:

  1. Designing, implementing and maintaining internal control as they determine necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error;
  2. Selecting suitable accounting policies and then apply them consistently; and
  3. Making judgements and accounting estimates that are reasonable in the circumstances

In preparing the financial statements, the directors have assessed AGRA’s ability to continue as a going concern and disclosed, as applicable, matters relating to the use of going concern basis of preparation of the financial statements. Nothing has come to the attention of the directors to indicate that AGRA will not remain a going concern for at least the next twelve months from the date of this statement. The directors acknowledge that the independent audit of the financial statements does not relieve them of their responsibility.

Approved by the Board of Directors on  Friday, 7th April 2017 and signed on its behalf by:

 

Chairman 

7th April 2017

Consolidated Financial Statements of Financial Position

As At December 31, 2016

Consolidated Financial Statements of Activitiies

For The Year Ended December 31, 2016