REGISTERED COMPANY NUMBER: 02548383 IEAgland Ind W4les) REGISTERED CHARITY NUMBER: 1000578 ort of the Trustees and Unaudited Fin#ntlal tatemeht f r tht ear end l Mareh 2025 For Pover Rellef FouDdatlon Llmlte *AEEBOYIE* 31110r2025 COMPANIES HOUSE A04 #271 Walkers Accountsnts Limiled Aireside House Royd l.ngs Av¢nu¢ Keighlcy West Yorkshir¢ BD214BZ ve Relfief Founda ited Cont t$ ft Financial Statements for the ear ended 31 March 202S Page Report of the Trustees Ito3 Indcpendcnt Examiner's Report Statement of Financial A¢tiviti¢$ BJlan¢e She¢t 6107 Nolcs to th¢ Financial Stslemcnts 8109 Pove Relief FoundatioD Limited Re for the ort of the ste ear ended 31 Mareh 2025 The trustees, who aT¢ also directors of the ¢harity for Ihe purposes of the Companies Act 2006, present their report with the rmancial stat¢m¢nts of the ehariry for ihe year ended 31 March 2025. The fjnancial slalemenls comply with the Charities Act 2011, the Companies Act 2006, the MemoTandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recomrnended Practicc {SORP) applicable to ¢harities preparing their ac£ounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). REFERENCE AND ADMIIYISTrATIVE DETAILS Regislered Company number 02548383 (England and Wales) Reglqtered Ch#rlty numb¢r 1000578 Registered office Suite 3 Aireside House Royd Ing$ Avenue Keighley West Yorkshire BD214BZ Tru$tee$ Katrin Harr¢ither P J Millican R Rowan (r¢si8D¢d 81h April 2024) Independent Examlner Michael William Procler FCA c.lo Walke.r5 Ac¢ountsnls Limiicd Aireside House Royd Ings Avenue Keighley Wesl Yorkshire BD214BZ STRUCTURE. GOVERNANCE AI¥D IWAGEMENT Governing document The charity is controlled by its governing documcnl. a deed of trust, and Constitutes a limited company. limitcd by 8uar3nlc¢. as defined by ihe Companies Act 21XI6. Rlsk management The trtsstees have a duty lo idenlify and review the risks to which the eharity is expo$¢d and to ensure appropriate eontrols are in place io provide reasonable assurance against fraud and error which reflect the size of Ihe charity. Projects are only undertaken once sufficient funds have been raised and visils are undertaken to ensure that the work has been completed. OBJECTIVES AND ACTIVITIES Summgry of ObJeetlves of the ChArlty The charity is commilted to th¢ advan¢emenl of better living standards for the poor and n¢￿Y in Tanzania in the Lake Vi¢toria region. Maln Ac¢lvltie$ Undert*k¢n In planning our activilies for the year, we kept ID mind the ch￿lty Commission guidance on public benefit al our t￿Slee meeting. The focus of our activities remains the provision of clean water to the people of Tanzania. Pover Relief Foundatlon Limited ort of the Tr￿SteeS ear 1st of MAreh 2025 for the Poverty Rcli¢f Foundation (PRF) operates in ihe north- western provinces of Kagera and Geita as well as in Ihc north easlcm province of Mara. Tanunia. In ihe year l April 2024 to 31 March 2025, PRF has funded 4 shallow well projects in Mara Tegion, as well as 3 shallow well projects and 3 gravitsiion well projects in Kagera region. The wells are in the following villagcs. Komoth (Mara) 2. Lorbidibe {Mara) 3. Korogi (Mara) Kasimba (Mara) S. Nangeli (Kagera) shallow well 6. Mkamiranzovu (Kagera) shallow w¢ll Rukore {Kagcra) shallow w¢ll 8. Mkizenga (Kagera) gravitation well 9. Mkjtambuko (Kagera) gravitation well 10. Kalenge Chini (Kagera) gravitation well Funds are paid to Ihe local PTOjCCt man&8ers. Anthony Maswi (Mara) and Faihcr Honoralus (K88erJ and Geila) who oversee the work and manage Ihe funds in ihe lotal cuTheney of Tanzanian Shillings. Funds sent to Tanzania in the year amounted to £21.397 being £12,274 10 Father Honoratus and £9.123 to Anthony Maswi. The costs for the completion of the 10 w¢ll5. amounted ¢0 £20,079 in totsl and comprised.'_ 4 wells in Torima £8,784 3 new shallow wells £6,OC 3 new gravit4lion wells £5,295 The balance hcld in local currency as reconciled was £2,636 (2024.. £3.285). The Pover RellefFoundation Llmit ort of th Tr tee ear ended 31. of March 2025 for the Sadly, we lost our trustee Raymond Rowan on 8th April 2024. We, the remaining trusttts, wish to rccord our apptteiation for his long service and invaluable contribution to the charity. Thank you, Raymondl PRF also thank all those who have made donations as withoul their 8enerosity it would noi bc p055ibl¢ io ¢any out these projects providin8 clean water, classrooms and loans to women's groups. Signed on behalf of the Trustees of Poverty Relief Foundation Limit¢d 4qNL Katrlll HArr¢lther Truste¢ 27tho¢iober 2025 Inde endent Ex*mlner's Re ort lo the Trustees of Pove Rellef FouThdAtlon Llmieed Independent ex#mlner'$ report lo the trustees of The Poverty Relief Foundation Limited ('Ihe Company,) l Teport to the charity trnstees on my examination of the a¢wunts of the Company for the year ended 31 March 2025. Responsiblll¢le$ and basis of report As the charity's trustees of the Company (and also ils directors for the PUTPOS¢S of company law) you are responsible foT the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acv). Having Satisfi¢d rny$elf that the accounls of the Company arc not rcquiTed to b¢ audit¢d und¢r Part 16 of the 2006 A¢1 and are eligible for ind¢p¢ndent examinatt'on, I report in respecl of my cxamination of your charity's a￿o￿nIS as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act). In carrying out my ¢xaminatioJ) I hav¢ follow¢d th¢ Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Ind¢ptndtnt exAmlner's statement I have compl¢t¢d my examination. I confirnl that no mattcrs have com¢ to my attention in CODn¢¢tion with the ¢xamination giving mc Cause to believ¢= accounting rccords wer¢ not kept in respect of the Company as required by section 386 of the 2006 Act. or Ihe accounts do nol accord with those records: or th¢ accounts do nol comply with ihe accounting r¢quircments of Section 396 of ihe 2006 Act other than any requir¢tnent that th¢ accounts give a true and fair view which is nol a mailer considered as part of an independent examination., or the Accounts have not been prepared in 8ccordance wilh the mcihods and principles of Ihe Sial¢m¢nt of Rc¢omm¢nd¢d Practice for accounting and reporting by charities (applicable to charilics preparing their accounts in ac¢ordan¢e with the Financial R¢portin8 Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no coneerns and have come 8cr05s no other matters in ¢onne¢tion with the examination to which Atteniion should be drawn in this repori in order io enable a proper und¢r51anding of Ihe accounts lo be reached. Michael William Procter Walkers Accounlants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West York$hiTe BD214BZ 27th Octob¢r 2025 Pove Relief Foundailon Llmlted tgt for ihe nt f Finaneial Attlvltlts e¥r ended 31 March 2025 31.3.25 Unreslrleted funds 31.3.24 To¢al Funds Note8 tNCOME General donalions Inveslmenl income 58,865 223 15,350 123 TOTAL INCOME 59,088 15.473 EXPENDEDITURE Expenditure on charitable activities 21,397 30,668 NET INCOMEI(EXPENDITURE) AND NET MOVEMENT IN FUIYDS 37.691 (15.195) RECONCtLIATION OF FUNDS Total fynd$ brought fonvard 18,390 33.585 TOTAL FUNDS CARRIED FORWARD The nol¢s fonn part of th¢$¢ financial statements ov Rell¢f Found*tlon Llmlted Balanee Sheet At 31 M#rch 2025 31J.2S Unrestrl¢ted funds 31.3.24 Total Funds Note$ CURRENT ASSETS Cash at bank TOTAL CURRENT ASSETS CURRENT LIABILITIES Currenl liabililies 825 TOTAL ASSETS LESS CURRENT LIABILITIES S6.081 18.390 NET ASSETS THE FUNDS OF THE CHAIUTY Unre$tritted funds TOTAL CHARITY FUNDS The ¢harit#ble ¢ompany ig entitled lo exemption from Aiidil under S•oiion 477 of Ili¥ Cump8nle$ A¢t 2V06 for the year ended 31 March 2U25. The trustees have nol required the charitable company io obtain an audit of its financial sl8temenls for the year ended 31 March 2025 in accordance wilh S¢¢tion 476 of th¢ Companies Act 2006. The trustees acknowledge their responsibilities for (a) ¢n$uring thai the charitable company keeps ac¢ounting re¢ords Ihai Comply with S¢¢lion$ 386 8nd 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stale of affairs of the charitable ¢omp2ny as al the end of each financial year and of its income and expenditur¢ for each fmancial year in accordance with the r¢quirerneni$ of Sections 394 and 395 and which oihcrwise comply with Ih¢ requirements of the Companies Act 2006 relating lo fin3n¢i41 statements. so far as applicable lo thc charilable company. (b) These financial statements have been pr¢p8red in a¢¢ordance with the special provisions of Part 15 of the Companies Acl 2006 relating to Small charitable companies. Pover Relief Foundalion Limited Balan At 31 March 2025 The financial slalements were appTov¢d by the Board of Trustees on 27, October 2025 and were signed on its behalf by.. K4lrln HArreltheT Trustee The note5 forn) part of these financial ststements Pove Rtllef Found*tlon Llmlted N t to the Finan ial Statements for the ear ended Jl March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been Prepared in accordance with the Charities SORP (FRS 102) 'Accountin8 and Reporting by Charities.. Stalemeni of R¢¢omm¢nd¢d Pra¢tice applicable to charitie5 preparing their pccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), Finaneial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial sialements have been prepared under the historical cost conv¢nlion. Thc trustees eonsider ther¢ are no material un¢cTtainti¢s about the Charity's ability to continue as a going concern. In Preparing the financial slal¢ments the trustees have considered wheiher in applying the accounting poli¢i¢$ r¢quir¢d by FRS 102 And Charilies SORP FRS 102 a reslatemenl of comparative items was n¢ed¢d. No resi4tements were required. Fund structure Unrestricted funds can bc used in accordancc wilh Ihe charilabl¢ objectives at the discretion of the trust¢¢$. Restricted ￿ndS can only be used for particulaT rcstricled purposes within the objects of the charity. Restri¢tion$ arise when specified by the donor or when funds are raised for particular restricted Purposes. Income recognl¢lon All income is recognised when the charity has entiilemenl to the in¢orne. It is probable that income will bc received, and the amount of in¢om¢ receivable Can be m¢95ur¢d reliably. Donations gnd inl¢rcs1 on Funds are re¢ogni5ed when the charity has received them. Expendlture recognltlon Liabilities are recognised as expenditure 08 soon as there is o le881 OT collstructivc obligation cornmillin8 the charity lo that expenditure. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost relaied lo the calegory. Where costs cannot be directly attributed to particular headings, they hav¢ be¢n allo¢at¢d to activities on o basis consisl¢nl with Ihe use of resourc¢s. Local Expenditure, funded by PRF, 1$ accounted for locally under the supervision of the projecl rnanagers in Tanzanian Shillings with any balance reconciled al the y¢4r ¢nd and disc105cd in the Tru51ee Report using the foreign exchange Tate applicable at the year ¢nd. Taxation The chtirity is exempt from Corporation tsx on its charitable aclivitics. INVESTMENT INCOME 31.3.25 31.3.24 Deposit account inlcrest 223 123 TRUSTEES, REMUNERATION AND BENEFITS The twste¢s all give freely their time and ¢xpertise without any form of remuneration or other benefit in cash or kind {2024.. £nil). Pov Relief Found&tlon Limited Notes to the Financial tatem for the ear ended 31 Mareh 2025- EXPENDITURE ON CHARITABLE ACTIVITIES 31.3.25 31J.24 Shallow wells with pumps Other charitable expendilure and amounts Committed io future projects 20,079 1,318 30,668 A detsiled breakdown is provided within ihe Report of the Tru$t¢¢$ on pa8¢ 2. MOVEMENT IN FUNDS Net movement in funds At 1.4.24 At 31.3.25 UDrestrlct¢d fundi General fund 18.390 37.691 56.081 TOTAL FUNDS 18,390 37.691 56,081 Net movement in fimds, included in the abov¢ ￿e as follows: Incomlng resources Resources expended Movemenl In funds Unrestrlet¢d funds General fiind 59.088 (21.397) 37,691 TOTAL FUNDS 21397)