2024-12-31-accounts

GLOBAL PARTNERS (UK) REGISTERED CHARITY NO. 1009755 COMPANY NO. 02586205 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

GLOBAL PARTNERS (UK) REPORT OF THE DIRECTORS AND TRUSTEES REGISTER COMPANY NO: REGISTER CHARITY NO: 2586205 1009755 REGISTERED OFFICE: Intemalional House. 64 Nile Street, London. England. N1 7SR PRINCIPAL ADDRESS.. Office 426. Regus 4th Floor, The Pinnade. Station Way, Crawley, RH10 1JH DIRECTORS AND TRUSTEES S. A. Helms V. Searfe M. Rogers D. Swibold E. Roberts Resigned 4 September 2024 Appointed 4 September 2024 COMPANY SECRETARY M. Rogers SOLICITORS Wellevs Tenison House Tweedy Road Bromley. BR13NF AUDITORS Moore Kingston Smith LLP Betchworth House 57-65 Station Road Redhill Surrey. RH1 1DL BANKERS National Westminster Bank PIC 39 Station Road Redhill Surrey. RH1 1QN The directors and trustees submit their annual report and the audited accounts of the company for the year ended 31st December 2024. OBJECTIVES AND ACTIVITIES The company is a registered charity and its principal activity is to advance education and to relieve poverty- LEGAL AND ADMINISTRATIVE INFORMATION The organisation is a charitable company limiled by guarantee and was incorporated as company number 2586205 on 27 February 1991 and registered as charity number 1009755 on 12 March 1992. The charitable company was established under a Memorandum of Association vthich established the objects and powers of the charitable company and is govemed under its Articles of Association. The directors of the charitable company are its trustees for the purposes of charity law. GOVERNANCE The company is regulated by the Companies Act 2006 and by its Memorandum and Articles of Association. Global Partners (UK) is govemed by a Board of Directors. Directors are appointed through ordinary resolution of the existing Board of Direclors. The Board of Direclors hold final aulhority wlhin the organisalion with the management team being responsible for the day-tcpday management of the charity. Country Directors, Chief Representatives, and Principal Officers hold authority for all Global Partners (UK) activities within their respective geographical areas.

GLOBAL PARTNERS (UK) REPORT OF THE DIRECTORS AND TRUSTEES (continued) TRUSTEE RECRUITMENT AND TRAINING When new Trustees are required, the Board considers applications from individuals presently serving in a similar position or line of work as well as those recommended by their charitable nelworks. All applicants are assessed based on.. education and work experien￿,. passion for, and commitment to. the charitys mission,. and ability to devote the time required for successful govemance of the charity. The Board's skills base is reviewed regularly to identify recruitment and training needs to ensure effective governan￿. Regular Board meetings are also used to identify areas vthere training would improve the performance of the Board. DIRECTORS The directors of the charitable company are its trustees for the purposes of charity law and throughout the report are collectively referred to as the trustees. Global Partners (UK) is a company limited by guarantee and does not have share capital. The trustees do not therefore have any finanaal interests in the company. The charitable company has made qualifying third party indemnity provisions for the benefit of it5 trustees during the year. These provisions remain in force at the reporting date. REMUNERATION POLICY The charily believes that Ihe opportunity to lifl people out of poverty is an important part of the total reward of working for charity especially at more senior levels. In deciding appropriate pay levels, Global Partners aims to strike a balance be￿een paying enough to recruit and keep people with the skills we need, our employees, needs, and the public and our donors. expectations that the money they entrust us with will be used wsely lo overcome poverty. The charity maintains a unifomi pay scale based on the employees, length of service and this is awarded to all employees, induding key managemenl personnel. RISK MANAGEMENT The trustees are aware of the requirements of the charities FRS102 SORP and have implemented systems to mitigate all major risks to which the charity is exposed. The charity maintains a Corporate Risk Assessment and has reviewed the personal risks, the financial risks and the compliance and administration risks which face the charity. The report sets out lo highlight ￿rtain pertinent areas where the charity should and has taken steps to mitigate the risks. Of these identified risks, the trustees believe the grealest lo be personnel risk. Many of these personnel live in areas prone to disease, famine, drought, harsh living conditions and strife. The most the charity can do is implement reasonable safeguards and policies intended to lessen the risk to personnel. To that end, the charity has set in place the following policies.. The charity will maintain awareness of international and regional events, especially in areas of involvement. The charity will monitor all international wamings and alerts, and will pass these directly to all relevant personnel., Couniry directors have Ihe authority to choose projecls. relocate personnel. evacuate personnel. and extricale Ihe charity from any situation where there is a per￿1Ved risk to personnel- Training and education is given to ensure that personnel understand the risks involved in their particular situation, and that they personally accept these risks- and The charity has established evacuation prO￿dureS for personnel living in volatile regions. PUBLIC BENEFIT The trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on Public Benefit, induding the guidan￿ 'public benefit = running a charity IPB2}' when reviewing their aims and objectives. Global Partners is a life changing charity, helping those in need by providing healthcare, educational servi￿$ and community development.

GLOBAL PARTNERS (UK) REPORT OF THE DIRECTORS AND TRUSTEES (continued) FUNDING The organisation never solicits funds from countries in which Global Partners is working. All funding for projects, programs, and maintenance of personnel comes from extemal sources, including associaled charitable nelworks. OBJECTIVES AND ACTIVITIES Global Partners {UK} exists to demonstrate love for needy people by providing heallh care. educational services, and community development projects. Our goal is to serve with diligence, integrity, humility, and compassion. We choose our staff, funding sources, and organizational partnerships with these values and goals in mind. We seek opportunities lo help the poor and slrengthen families in the places on earth with the greatest needs. Our job is complete when they are enabled to help themselves and their neighbours live better lives. Our Vision is to enable others through sustainable development. Our principles are= Human Resour￿$ - We provide human resources for sustainable development,. Empowermenl- We equip and empower individuals and communities lo solve their own real and perceived problems., Partnership- We work relationally in accountable partnerships wth intemational organizations, government enlities and local communities to encourage community-based solutions for sustainable development and Integrity wilhout bias- We operate under principles of integrity wthout regard to ethnicity, gender. religion or nationality. All our programmes, whether hunger or povety based. will be tailored to the specific needs of the contexts in which we work. We lake a 'one programme, approach which means that V￿ are not focused on any one single issue, but provide support to tackle the range of complex interactions. We focus our work and fund5 on a geographic basis and each area has its own strategy and programme of projects designed by the area direclor to meet the region's unique requirements in line wth the overarching objectives of the charity. Each project is required to set out its own objectives as part of Ihe approval stage and once a project is completed an assessment is made on whether these objectives were met successfully. For more detailed analysis of the charity's programme of projects and their results please refer to the Significant Activities section of this report. RESERVES POLICY The charity holds free reserves to ensure that it can meet its foreseeable commitments, bearing in mind the current level of activity and uncertain financial markets. The trustees consider that the charity should aim to maintain total reserves of $500.000. Annual budgets are prepared to maintain this level of reserves. The trustees are aware Ihal the resetves this year below the target at $457,808. At the balance sheet date cash advan￿$ had increased due to the increased level of activity. Income from donations is provided only where there is a need for the expenditure. Trustees consider reserves held sufficient for the Charity's operations as a going concem for the next 12 months and consider the $500,000 target reasonable. The policy is reviewed annually by the trustees and regularfy monitored by the Irustees. FINANCIAL REVIEW In 2024, Global Partners (UK) re￿iVed a total income of $1,930.836 (2023.. $2.779,516), an 31 % decrease. Total funds, including restricted funds, at the year*nd were $457,808 (2023= $724,782). Expenditure totalled $2,197,810 {2023= $2,336.459) which has resulted in a deficit for the year of $266,974 (2023.. $443,057 surplus). AUDITORS The auditors, Moore Kingston Smith LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

GLOBAL PARTNERS (UK)

REPORT OF THE DIRECTORS AND TRUSTEES (continued)

In 2024, Global Partners carried out 18 projects in Tajikistan which benefited approximately 60,263 people in 46 locations. In Afghanistan, we carried out 12 projects benefitting 37,422 people in 5 provinces.

The projects encompass a wide range of activities, including:

1. Flood control and water management: Projects like the Faizabad Chata Flood Control Project, Baghlan Flood Assistance, Farkor Village Flood Relief, Esanboy Canal Restoration, and 11 other repair projects aimed at preventing flooding, restoring canals, and improving irrigation systems.

2. Healthcare: The Kabul Medical Clinic and Wellness for Children in Women’s Prisons focused on providing medical care, particularly to women and children, and improving healthcare infrastructure. These projects meet the needs of the most vulnerable babies and young children in their areas providing food, hygiene kits, alongside wellness checks and screenings.

3. Food distribution and security: The Herat Winter Distribution Project, Baghlan Gabion Weaving Food-for-Work, Aivoch Food Distribution, and Esamboy Food Distribution aimed at providing food assistance including packages of 50kg of flour, 15kg of sugar, and 5L of oil to vulnerable families and communities.

4. Education: The Aivoch School Development project and the School for Deaf in Chaghcharan focused on improving educational facilities and opportunities for children, including those with disabilities. The School for Deaf particularly emphasizes the value of deaf children as human being worthy of investment and care. The Wellness for Children in Women’s Prisons also provides preschool education 5 days a week for children in the prison with their mothers.

5. Agricultural development: The Animal Feed project, Herat Locust Intervention, Dangara Agricultural Training, Soybean Cultivation Development, 7 fencing projects for potato crops, and motorized hand tiller distribution aimed at enhancing agricultural productivity, improving livestock feed, and promoting soybean cultivation.

6. Water supply and sanitation: Numerous projects, such as the Drij Drinking Water System Construction, Hoit Drinking Water, Khishrtob Water, Rabot Spring Water, and Istarafshan Water and Hygiene projects, focused on improving access to clean drinking water and sanitation facilities. Jelikul Wells is another project aimed at setting shallow wells to provide clean drinking water. The Waterwheel project and Leper Colony Development project facilitated electricity at the school where children from the Leper colony attend, as well as providing water for gardens and trees.

7. Infrastructure development: The Loshharf Car Bridge and Pasthuf Bridge Reconstruction aimed at building or repairing critical infrastructure, such as bridges and roads. These projects help prevent car accidents which had become frequent and keep road access open to remote communities. The Badakhshan Mill Construction refurbished 3 severely deteriorated grain mills to allow the community to produce its own locally processed food. The Vosay Clinic project provided windows and doors for a clinic which allowed the space to become secure for patients and providers.

8. Community development: Many projects, including the Farkor Village Flood Relief and Deh Canal Repair, involved community-led initiatives, capacity building, and partnership development to promote sustainable development and improve living conditions.

On review of 2024, the majority of projects undertaken succeeded in achieving their stated objectives. Our programs have demonstrated measurable success and have made a positive impact on the communities they serve as evidenced by our strong community ties and support by local governments and leaders to remain among them. A few failures incurred this year were predominantly due to delays in government approvals or government denials to project nuances. A few plans were delayed or modified due to weather.

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GLOBAL PARTNERS (UK)

REPORT OF THE DIRECTORS AND TRUSTEES (continued)

Underlying all of our initiatives is an ethos of empowering individuals and communities to learn to solve their own real and perceived needs. We do this by structuring programs to involve the individual as a direct instrument to meet their needs in dignified ways through group and one-on-one teaching particularly in flood control, water supply and sanitation, agricultural endeavors, and infrastructure building. Our emphasis on community-based solutions is a large aspect of our success in achieving our goals and sustaining and uplifting the villages we work in.

This goal coincides directly with our mission to provide compassionate and unbiased human resources to the most vulnerable and underserved individuals in communities. We do this by sourcing and providing qualified medical professionals and educators and the needed facilities and equipment to help the poor, the disabled and the imprisoned.

Our projects demonstrate our commitment to addressing the diverse needs of communities in these regions. Overall, this year our programs improved the quality of lives, enhanced livelihoods, and promoted sustainable development in these areas.

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GLOBAL PARTNERS (UK) REPORT OF THE DIRECTORS AND TRUSTEES (continued) UK The Administrative hub of all global activity for GP offi￿S worl(Iwide. GP-UK continues to monilor, support and provide administrative oversight for GP operations as a whole FUTURE PLANS In 2025. we will continue to advance education and relieve poverty around the v￿r1d, and we will continue to increase efficiency and output. TRUSTEES. RESPONSIBILITIES The trustees (who are also direclors of Global Partners {UK) for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿) including FRS 102 'The Financial Reporling Slandard applicable in the UK and Republic of Ireland,. Company law requires Ihe truslees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and applicalion of resources, including income and expenditure. of the charitable company for that period. In preparing these financial statements. the trustees are required to:_ a) select suitable accounting policies and then apply them consistently., b) observe the methods and principles in the Charities SORP- c} make judgements and estimates thal are reasonable and prudent.. d} state whether applicable UK Accounting Standards, induding FRS 102, have been followed, subject lo any material departures disdosed and explained in the finanaal statements. e} state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any material departures disdosed and explained in the finanaal statements., and prepare on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. STATEMENT OF DISCLOSURE TO AUDITORS al So far as the trustees are aware, there is no relevant audit infomiation of which the charitable company's auditors are unaware, and b} They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevanl audit information and to establish that the charitable company's auditors are aware of that infomiation. SMALL COMPANIES EXEMPTION This report has been prepared with the Statement of Recommended Practi￿ - Accounting and Reporting by Charities and in accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. On behalf of the board E. Roberts Trustee Date: 6. August 2025

GLOBAL PARTNERS (UK) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL PARTNERS (UK Opinion We have audited the financial statements of Global Partners (UK) ('the company,) for the year ended 31 December 2024 which comprise the Slalement of Financial Activities, the Balan￿ Sheet, the Cash Flow Stslement and notes to the financial stalements, including a summary of significant accounting policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard Applicable in the UK and Ireland, (United Kingdom Generalty Accepted Accounting Practice). In our opinion the financial ststements.. give a true and fair view of Ihe slate of the charitable company s affairs as at 31 December 2024 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended., have been propedy prepared in accordan￿ wth United Kingdom Generally A￿pIed Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan￿ wilh International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under Ihose slandards are further described in the Audilorfs Responsibilities for the audit of financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with Ihese requirements. We believe that the audit evidence we have oblained is sufficient and aDDfoDriate to Drovide a basis for our ODinion. Conclusions relating to going concern We have nothing to report in respect of the following matlers in ￿latiOn to which the ISAS (UK) require us lo report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate., or the trustees have not disclosed in the financial statements any identified malerial uncertainlies thal may cast significant doubt about the company s ability to continue to adopt the going con￿rn basis of accounting for a period of at least ￿e1ve months from the date vthen the finanaal statements are authorised for issue. Other inforniation The other information comprises the infomiation included in the annual report, other than the financial statements and our auditor's report thereon. The truslees are responsible for the other information. Our opinion on the financial slatements does not cover the other information and, except to the exlenl olhemise explicitly staled in our report, we do not express any form of assuran￿ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whelher the other infonnation is materially inconsistent with the financial stalements or our knowledge obtained in the audit or othemse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine vthether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material misslatemenl of this other infomation. we are required to report thal fact. We have nothing to report in this regard.

GLOBAL PARTNERS (UK) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL PARTNERS (UK Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the the trustees, annual report for the financial year for which the financial statements are prepared is consislent with the financial stslements., and the the trustees. annual report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, annual report. We have nothing to report in respect of the following matlers vthere the Companies Act 2006 requires us lo report to you if, in our opinion.. adequale accounling records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums- or rtain disclosures of trustees. remuneration specified by law are not made., or we have nol received all the informalion and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees, Annual Report and from preparinq a Slraleqic Report. Responsibilities of trustees As explained more fvlly in the trustees. responsibilities ststement set out on page 6, the trustees (who are also the direclors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable companvs ability to continue as a going concem, disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the finanaal statements as a whole are free from material misslatement, whether due lo fraud or error, and to issue an audilorfs report thal includes our opinion. Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected lo Influen￿ Ihe economic decisions of users taken on the basis of these financial statements.

GLOBAL PARTNERS (UK) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL PARTNERS (UK As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional sceplicism throughout the audit. We also.. Identify and assess Ihe risks of malerial misstatemenl of the financial ststements, whelher due to fraud or error, design and perform audil procedures responsive lo those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forqery, intentional omissions, misrepresentations, or Ihe override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charilable company s intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disdosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going con￿rn basis of accounting and, based on the audil evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubt on the charitable company s ability to continue as a going concern. If we condude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial slatements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence oblained up lo Ihe date of our auditorfs report. However. future events or conditions rnay cause the charitable company to cease to continue as a going concern. Evaluate the overall presenlalion, structure and content of Ihe financial slatements, induding the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicale wth those charged wtth govemance regarding, among olher matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identifv durinq our audit. Use of our report This report is made solely to the charitable CoMpan￿S members. as a body, in accordance wtth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the company s members those matters we are required to state to them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable companvs members as a body, for our audit work, for this report, or for the opinions we have fomied. 11 August 2025 lan Matthews (Senior Statutory Auditor) for and behalf of Kingston Smith LLP Chartered Accountants Statutory Auditor Betchworth House 57-56 Station Road Redhill Surrey RH1 1DL

GLOBAL PARTNERS (UK) BALANCE SHEET AS AT 31ST DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 2,260 CURRENT ASSETS Debtors Cash at bank and in hand 220,838 255.660 367,613 463,849 476,498 831,462 LESS CREDITORS. Amounts falling due within one year 20,950 106,680 NET CURRENT ASSETS 455,548 724,782 TOTAL ASSETS LESS CURRENT LIABILITIES 457,808 724,782 FUNDS OF THE CHARITY Unrestricted funds Restricted funds 13 13 457,808 724,782 457,808 724,782 These finanaal statements have been prepared in accordance the provisions applic3ble lo companies subject to the small companies regime wth Part 15 of the Companies Act 2006 relating to small entities. The financial slalements were approved by the Board of Trustees and aulhorised for issue on . -6..August. 2025. E. Roberts Trustee Registered Company No. 2586205

GLOBAL PARTNERS (UK) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 INCOME AND EXPENDITURE Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Notes INCOME FROM Donations 1,930,836 1,930,836 2,779,516 TOTAL 1.930.836 1.930,836 2.779,516 EXPENDITURE ON Charitable activities 2.197.810 2.197,810 2.336,459 TOTAL RESOURCES EXPENDED 2,197,810 2,197,810 2,336,459 NET EXPENDITURE (266.974) (266.974) 443,057 TRANSFER BETWEEN FUNDS NET MOVEMENT IN FUNDS (266.974) (266.974) 443,057 TOTAL FUNDS BROUGHT FORWARD 724,782 724,782 281,725 TOTAL FUNDS CARRIED FORWARD 13 457,808 457,808 724,782

GLOBAL PARTNERS (UK) STATEMENT OF CASH FLOWS 2024 2023 Statement of Cash Flows Net cash used in operating activities (205,929) 378,040 Net cash used in investing activities Puchase of fixed assets (3,014) Change in cash and cash equivalents in the reporting period (208,189) 378,040 Cash and cash equivalents at the beginning of the reporting period 463.849 85.809 Cash and cash equivalents at the end of the reporting period 255.660 463,849 Reconciliation of net incomel eratin activities ex enditure to net cash flow from Net expenditure for the reporting period (266.974) 443,057 Ad'ustments for.. Decreasel(Increase) in debtors (Decrease)fincrease in creditors 146,775 85,730 {131,626) 66.609 Net cash used in operating activities (205,929) 378,040 Anal sis of cash and cash e uivalents Cash in hand 255.660 463,849 Total cash and cash equivalents 255,660 462,849 -12-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 1. STATUS OF THE COMPANY The company is limited by guarantee and does not have a share capllal. Every member of the company underlakes to contribute to the assets of the company in the event of the same being wound up during the time that he or she is a member or wtthin one year after they cease lo be a member. for the payment of Ihe debls and liabilities of Ihe company contracted before they ceased to be a member, such amount as may be required not exceeding £1. The company is incorporated in England & Wales and Ihe registered office address is Intemational House, 64 Nile Street, London, England, N1 7SR. The company is a registered charity and as such is exempt from taxes under the provisions of the Income and Corporation Taxes Act 1988. 2. ACCOUNTING POLICIES a) The financial stalemenls have been prepa￿d in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- The company is a public benefrt entity for the purposes of FRS 102 and a regislered charity established as a company limiled by guarantee and therefore has also prepared its financial statements in accordan￿ with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the Companies Act 2006 and Charities Act 2011. The financial statements are prepared in US dollars. which is the fundional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest dollar. The financial stalements are prepared under the historic cost convention. The principal accounting policies adopted are set out below. b) The trustees have assessed whether the use of going concem is appropriate and have considered possible venls or conditions that might cast significant doubt on the ability of the charitable company lo continue as a going concern. The trustees have made this assessment for a period of at least one year from the dale of approval of the financial stalements. In particular the Iruslees have considered the charitable companys forecast and projections. After making enquiries the trustees have concluded that there is a reasonable expeclation that Ihe charitable company has adequale resources to conlinue in operalional existence for the foreseeable future. The charitable company therefore continues to adopt the going concem basis in preparing its financial stalements. c) Tangible fixed assets are staled at cost less depreciation. Depreciation has been provided on fixed assets at rates calculated to write off the cost less estimated net residual value, of each asset over its effective life, as follows'.- Freehold property Furniture and equipment Computer equipment Motor vehicles 2 /0 Straight line per annum - 25Vo of written down value 33.3 % slraight line per annum - 25% of written down value d) Operating leases - Annual rentals are charged to the Statement of Financial Adivities as they arise. -13-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued) 2. ACCOUNTING POLICIES CONTINUED el Al monetary donations and gifts are induded in fijll in the statement of financial activities when receivable, provided thal there are no donor-imposed restrictions as to the timing of the related expenditure. in which case recogniiion is deferred until the pre-condition has been met. Gifis-in-kind are accounted for at the trustees. estimate of value to the charity or sale value as follows.. assets received for distribution by the charity are recognised onty when distributed. gifts of fixed assets for charity use or fijnds for acquiring fixed assets for charity use are accounted for {as restricted funds) immediatety on ￿ceIpt. Intangible income is valued in income to Ihe extenl that is represents goods or services which would otherwise by purchased. An equivalent amount is charged as expenditure. Voluntary help is not included as income. Cash collected to which the charity is legally entitled but which has not been received at the year end is included as income. I costs are allocated be￿een expendrture categories of the SOFA on a basis designed to reflect the use of Ihe resource. Costs relating to a particular activity are allocated directty. others are apportioned on an appropriate basis. Expenditure, which is charged on an accruals basis. is allocated be￿een= costs of raising funds expenditure on charttable activities other expenditure represents those f(ems not falling into any other heading Support costs include central functions and have been allocated to activity costs categories on a basis consistent with use of resources. e.g. slaff costs by the time spent and other costs by their usage. Governance cosls comprise the cost of running the chartty. including extemal accountsncy. Trustees, legal advice and constiiutional and statutory compliance costs. These have been included in support costs. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. gl Unrestricted funds are donations and other incoming resources re￿1vable or generated for the objects of the charity without further specified purpose and are available as general funds. Designated funds are unrestricted funds which have been designated for spectfic purposes by Ihe Iruslees. h) Reslricled funds are to be used for specffic purposes as laid dovm by the donor. Expendlture which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. i) Monetary assets and liabilities denominated in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded al the rale ruling at the date of the transaction. Al differences are taken to profit and loss account. The exchange rate at the year end was thal £1 was equivalent to $1.25 {2023'. $1.28). -14-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued) 2. ACCOUNTING POLICIES CONTINUED j) Liabilities are recognised when there is a legal and constructive obligation committing the charity to the expenditure. k) The pension costs charged in the year represent the amount of the contributions payable to the schemes in respect of the accounting period. l} Financial Instruments Cash and cash equivalents Cash and cash equivalents indude cash at banks and in hand and short temi deposits with a maturity date of three months or less. Debtors and creditors Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Deblors and credilors thal are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest. 3. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT In the view of the trustees applying the accounting policies adopted. no judgements were required that have a significant effect on the amounts recognised in the financial slalements nor do any estimates or assumplions made carry significant risk of material adjustment in the next financial year. 4. INCOMING RESOURCES 2024 2023 Donations 1,930.836 2,779,516 1,930,836 2,779,516 Included within donations is $Nil (2023.. $Nil) of income relating to restricted projects. -15-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 5. TANGIBLE FIXED ASSETS (continued) Furniture and ui Total Cost At 1st January 2024 Additions 2.375 3,014 2.375 3,014 At 31st De￿mber 2024 5,389 5,389 Depreciation At 1st January 2024 Provided for year 2,375 754 2,375 754 At 31st De￿mber 2024 3,129 3,129 Net Book Value At 31st December 2024 2,260 2,260 At 31st December 2023 6. DEBTORS 2024 2023 Project expenses in advance Other debtors Prepayments Provision against cash held in Afghanistsn 189,239 31,599 386,984 823 (20,194) 220,838 367,613 Project expenses in advance represents monies advanced to field operatives which have not been expended at the balance sheet date. -16-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued) 8. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals Tax and social security 20,950 101,345 5,335 20,950 106,680 9. TOTAL RESOURCES EXPENDED Charitable Activities 2024 Total Funds 2024 Charitable Activities 2023 Total Funds 2023 Costs directly allocated to activities General and hunger relief strategy developmenl Travelling expenses Language study Salaries Housing expenses Childrens schooling Telephone Printing, stationery and office expenses staff development expenses Security Legal and professional charges Loss from frozen funds Support costs allocated to activities Salaries Pension contributions Housing expenses Telephone Printing, stationery and office expenses Legal and professional charges Audit fees 717,436 717,436 851,338 44,998 342,789 11.630 218,364 103,512 40,953 14,385 427,234 10,503 30,528 10,000 851,338 44.998 342,789 11,630 218,364 103,512 40,953 14,385 427,234 10.503 30.528 10,000 116,813 1.278 626,905 56.740 116.813 1.278 626,905 56,740 2.086 252,190 1.014 2.086 252,1 1.014 54.816 (20,194) 54,816 (20,194) 176,886 24.906 60,420 2.926 87.085 8.453 28,050 176.886 24,906 60,420 2.926 87,085 8.453 28,050 70,247 33,534 46,291 870 38.761 70.247 33,534 46,291 870 38.761 40,522 40,522 2,197.810 2.197.810 2,336,459 2,336,459 Included within General and hunger relief is $Nil (2023= $Nil) of expenditure relating to restricted projects. -17-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued) 10. EMPLOYEES 2024 2023 The average monthly number of employees during the year was 3 {2022'. 3) Staff cosls amounted to".- Wages and salaries Social security costs Pension costs 794,655 8,007 1,130 278,(EO 9,384 1,168 803,792 288,611 Direclors, emoluments 56,092 50,635 No employee was paid £60,000 or more during the year. No directors or trustees re￿iVed any reimbursements for any expenses incurred during the year. During the year M. Thomas, a trustee of the charity, received a salary and benefils totalling Snil {2023. $10,855) for her role as an administrator within the charity. S. Helms received a salary and benefits totalling $36,677 {2023'. $1,548) for her role in international operats.ons within the charity- V. Aexanyan received a salary and benefits totalling $39,20112023'. $37,856) for her role as an administrator within the charity. E. Roberts who was appointed as a Trustee on 4 September 2024 received remuneration lotalling $8,12112023 Snill for her role as an administralor within the charity- The servi￿$ provided were under the provisions of the governing document of the charity. No other trustees re￿iVed remuneration. The key management personnel of the charity comprise the trustees and management team. The total employee benefits of the key management personnel of the charity were $75,18012023'. $50,635>. 11. CONTROL Throughout the year the company was under the control of its directors. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilities 2,260 476,498 20,950 2,260 476,498 20,950 Net assets al 31 sl December 2024 457,808 457,808 General Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilities 831,462 106,680 831,462 106,680 Net assets at 31 De￿mber 2023 724,782 724,782 -18-

GLOBAL PARTNERS (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued) 13. MOVEMENT IN FUNDS At 1st Janua 2024 Transfers Between Funds At 31st December 2024 Incomin Resources Out oin Resources General funds Unrestricted funds 724,782 1.930,836 2,197.810 457,808 Total General funds 724.782 1,930,836 (2,197,810) 457,808 Totsl funds 724,782 1,930,836 (2,197,810) 457,808 At 1st Janua 2023 Transfers Between Funds At 31st December 2023 Incomin Resources Out oin Resources General funds Unrestricted funds 281.725 2.779.516 (2.336.459) 724,782 Total General funds 281.725 2.779.516 (2,336,459) 724,782 Total funds 281,725 2,779,516 (2,336,459) 724,782 The unrestricled funds. represent the free reserves of the charity. 14. 0 eratin leases At the reporting end date the charitable company had outstanding commitments for fvture minimum lease payments under nOn-Can￿lIable operating leases. which fall due as follows.. 2024 2023 Due within 1 year Due belween 2-5 years 45,549 19,738 65,287 7,199 7,199 -19-

GLOBAL PARTNERS (UK) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 INCOME Charitable donations - Benevolent project funds General operating funds 1.826.665 104,171 2.358,073 421,443 1,930,836 2,779,516 LESS EXPENSES Operating Expenses - Salaries Foreign Income Taxes Housing expenses Telephone Printing, stationery and office expenses Audit fees Travel Legal and professional charges 176,886 24.906 60.420 2.926 87.085 28,050 70,247 33,534 46,291 870 38,761 40,522 8.453 388,727 230,225 Benevolent Projects Expenses- General and hunger relief Strategy development Travelling expenses Language study 717,436 851,338 44,998 342,789 11,630 116.813 1.278 835,527 1,250,755 Benevolent Projects Support Expenses - Salaries Housing expenses Children's schooling Telephone Printing, stationery and office expenses Staff development expenses Security costs Legal and professional charges Loss from frozen funds 626.￿5 56.740 218,364 103,512 40,953 14,385 427,234 10,503 30,528 10,000 2.086 252,190 1.014 54.816 (20.194) 973,557 855,479 TOTAL EXPENDITURE 2.197,810 2,336,459 EXCESS OF INCOME OVER EXPENDITURE (266,974) 443,057 -20-