2023-12-31-accounts

CONCILIATION RESOURCES DIRECTORS, AND TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

CONCILIATION RESOURCES CONTENTS YEAR ENDED 31 DECEMBER 2023 Page Reference and Admlnistratlve Detalls Report of the Dlrectors and Trustees 4-15 Report of the Independent Audltor 16-18 Statement of Flnanclal Actlvltles (Includlng th• Incom• and Expondlturo Account) 19 Balance Sheet 20 Statement of Cash Flows 21 Notes to the Flnanclal Statem•nts 22-39

CONCILIATION RESOURCES REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2023 Directors and Trustees Ms D Good - Chair (resigned 28th Nov 2023) Mr A Peck - Treasurer (resigned 28th Nov 2023) Ms C Cheng Mr G Graham Ms N Hatendi Ms D Hutter Mr J Jinnah Ms J Kemp Ms L Muir (resigned 281h February 2024) Ms L Moore - Interim Chair Mr H Raine (appolnted 29th July 2023) Ms M Fearon (appointed 29th July 2023) Mr N Griffin (appointed 17th Oct 2023) Company Secretary Mr T Hansen (resigned 17th Oct 2023) Mr G Salmon (appointed 28th Nov 2023) Executlv8 Managomont Team Mr J Cohen - Executlve Director Mr T Hansen - Chief Operating Offlcer (resigned 8th Nov 2023) Mr G S81mon - Interim Chief Operating Officer (appointed 1st Nov 2023) Dr T Dumasy - Research, Advlsory and Policy Department Dlrector Ms L Aumeer - Europe-Asla Department Director Mr C O'Toole South East Asia and Pacific Department Director Mr A Abdl - Africa Department DSrector Mr M Baah - Finance Director UK Company Number 03196482 UK Charlty Number 1055436 R•glster8d Offlce Unit 1.1, 1st Floor The Grayston Centre 28 Charles Square London, N16HT Auditor Haysmacintyre LLP 10 Queen Street Place, London EC4R 1 AG Bankers Royal Bank of Scotland 40 Islington High Street London N18XJ COIF Charity Deposit Funds 80 Cheapside London EC2V 6DZ

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 The Directors, who are the Trustees of the charitable company, present their report and audited accounts of the charty for the year ended 31 December 2023. The financial statements comply with the Charities Acl 2011. the Companies Act 2006, the Memorandum and Article5 of Association. and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition effective 1 January 2019). Structure, Governance and Management Govemlng Document Conciliation Resources is a Company limited by guarantee without share capital. The Company was incorporated on 9th May 1996 and is a registered charity constituted as a limited company under the Articles of Association. The charity registration number is 1055436 and the company registration number is 03196482. Organlsatlon Boa Conciliation Resources is govemed by a Board of Trustees that meets four to six times a year. During 2023. all meetings were held in hybrid fonnat, in person and online. Financial and management reports are provided quarterly to the Board of Trustees, including information on programme and policy progress. restricted and unrestricted funds, risk management and staff wellbeing. Risk management and Keeping People Safe were central topics during all meetings in 2023. Alongside 'day to day. governance, during the year the Board oversaw.. A complete Risk Register and Incldent review as well as quarterly 'top risks, papers Quarterly reporting from a Board and staff Diversity and Inclusion Committee, a Risk and Audit Committee, and a Safeguarding Committee and annual reporting from the Board Remuneration Committee (which reviews EMT salaries) A review of the organisation's three year financial forecast, financial model and sustainability plan A review of the organisation's work in Ethiopia. Kashmir, Papua New Guinea and the Philippines A review of the organisation's strategic priorities xecutiv na ment Team The Executive Management Team (EMTI includes the Executive Director, the Chief Operating Officer, the Research, Advisory and Policy Department Director, the three Programme Department Dlrectors (Europe-Asia, Africa, South East Asia and Paclfic) and the Finance Director. The EMT meets fortnightly to discuss cross-organisational issues. The EMT is responsible for supporting the Executive Director in managing and overseeing the organisation. The EMT is the principal management decision-making body on strategic issues or matters of significant operational importance or risk. EMT members have delegated responsibility and accountability for decislon-making as defined by parameters given to them by the Executive Director in their job descriptions or on an ad hoc basis. Further details of EMT workings are defined in EMT Terms of Reference. Decisions and decision making are guided by our organisational values of Collaboration, Creativity, Challenge, Commitment. We strive to keep in mind these principles in both our external work and in how we operate internally, with an awareness that all decision making must consider what is achievable, realistic, timely and for the benefit of the organisation as a whole over the short. medium and long term.

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Organlsation (contlnued) am Leader's F The EMT is supported by a Team Leaderfs Forum (TLF) made up of senior staff from across Conciliation Resources. This group meets every quarter and functions as a forum for consultation. input and feedback to the EMT and to all staff. This is a two way function as TLF members bring ideas and challenges from their respective teams and also communicate decisions and information from the EMT to their teams. Further details of TLF workings are defined in the TLF Terms of Reference. lo tion Staff With around 80 staff globally, around half of our staff are based in London, with staff also in Australia, Central Afrfcan Republic. the Philippines and Ethiopia. These offices are set up in order to ensure awareness of, and compliance with, local laws and regulations as well as appropriate integration and coordination with our partners and the broader sector within the relevant area. We also have a close connection with Conciliation Resources EU, an independent organisation registered in Germany with stsff in Belgium. Conciliation Resources EU is the face of Conciliation Resources in Brussels to the European institutions and EU Member States. Our Brussels team focuses on providing mediation support expertise and pollcy advice on specific thematlc and geographic peacebuildlng prioritles. Wlthln the three Programme Departments. each Programme Director Is responsibl8 for the management of their area of work and the organisation actively provides opportunities for mutual support and learning. E8ch Programme Dlrector is assisted by project staff and very occaslonally volunteers. In addition to its In-house staff, Conciliation Resources works closely wlth external consultants. Pay and remuneration for key management personnel is set by reference to the gradlng and salary structure which Is reviewed and benchmarked regularly and is transparent within the organisation. The Board of Trustees sets the pay of the Executive Management Team each year through a Remuneration Committee, withln the parameters of the grading, salary structure and sector benchmarking applied to all Conciliatlon Resources staff. Rocrultment and Appolntment of Trustees As set out in the Articles of Association, the Board of Twstèes of Conciliatlon Resources nomlnates the Chalr of the Trustees. A vice-chair is also informally appointed on a rotating basis. The Trustees are also the Directors and members of the Company, The Board of Trustees has power to appoint additional Trustees as it considers necessary and regularly reviews the requlred skills and the organisatlonal policy underlying the role of the board of Conclllation Resources. Ahead of the departure of two long servlng trustees including the Chair. three new trustees were appolnted in 2023. Following an unsuccessful recruitment process for a new Chalr, an Interim Chair was appointed. and wlll remain in posltion until a new Chair Is appointed. The Trustees in offlce and up to the date of this report are set out on page 2. The Risk and Audit Committee, which consists of four Trustees, the Finance Director and the Chief Operating Officer I Company Secretary, oversaw the annual statutory audit process and supported the monitoring and updating of the organisational Rlsk Register. Induding an increased focus on financial risks. Two trustees acted as designated Safeguarding Trustees as part of the Keeping People Safe Committee, meeting with the Chief Operating Officer I Company Secretary and safety and compliance stsff four times a year with additional communications as requlred. The Chair also attends these meetings. The Board and Staff Diversity and Inclusion Committee consists of four Trustees and four staff, including the Chair and Executive Director. The Remuneration Committee consists of the Chair. and chairs of the sub committees. We are very fortunate to have on our Board trustees with a depth of experience and understanding of charity and financial management. and of peacebuilding. wlth the dedication and commitment to support this work. Thorough evaluations of the Chair and Executive Director were undertaken in 2023.

CONCILIATIONRESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Trustee Inductlon and Trainlng The Trustees maintaln a good working knowledge of charity and company law and best practice through training sessions provided internally and by external consultants. New Trustees are given copies of the Articles of Association supporting information on Conciliation Resources, work and relevant organisational policies. and hold a series of meetings with key staff from across the organisation in a structured induction led by the Executive Director. These meetings provide access to staff for all Trustees in order to find out more about Conciliation Resources. ongoing work. At the same time, it provides a chance for staff to understand some of the experiences and strengths that are available to them. and more broadly across Conciliation Resources. at Board level. As part of the on-going development of each Trustee's understanding of Conciliation Resources and its work, when training is not scheduled, on the morning or afternoon of each Board meeting sessions are arranged befvrfeen Trustees and staff at which key topics or areas of work are explored and insights shared. Related Partlos and Collaboratlons Conciliation Resources has close working relationships with other charities and organisations (local and international) with which it cooperates in pursuit of its charitable objectives. This includes collaboralive project partnerships. consortium initiatives and cooperative networks. Conciliation Resources currently works with more than 80 partners globally. Management of rlsks Major risks to which the charity is exposed (governance. reputational. legal. politlcal, financial. programmatic). as identified by the Trustees after consolidation of information from all teams, are compiled in a Risk Register and reviewed at least bi-annually or more frequently as needed. An initial review is conducted by the Risk and Audit Committee before the Risk Register is presented to the entire Board. The Risk Management Policy details the project and departmental approach to risk identification and management and the method for feeding that analysis into the organisational register. Work environm nt As the nature of Conciliation Resources, work involves countries affected by conflict, the security situation in these countries is more frequently reviewed via a slructured 'Programme Security Plan, involving in depth safety and security due diligen￿ which incorporates safeguarding, complemented with external monitoring services. We seek to take all appropriate steps to avoid undue risk to staff and project partners, in line with laws and regulations as well as our organisational and an individual's risk appetite. Systems developed to mitigate these risks include staff safety and security policies and guidelines, Safety and Security Due Diligence and spot check processes. as well as hostile environTnent awareness training (HEAT). Conciliation Resources contracts external suppliers to provide security information. trip pre-briefing, contingency planning and emergency response. In addition, Conciliation Resources has different insurance policies in place to support staff travelling to, or in, conflict zones. ancial Ris The external funding environment continues to be challenging, with a general reduction in available peacebuilding funding, particularly unrestricted funding. Funding is increasingly short term with greater levels of regulatory and compliance requirements. There continues to be a diversion of government and private funding to immediate humanitarlan and other needs related to the war in Ukraine. The risk that insufficient funds will be generated for some of our programmes has been classified as high and is monitored closely by the Executive Management Team, which has undertaken financial contlngency planning. Department Directors are responsible for sufficient fundraising and are supported to pursue their fundraising plans by the rest of the organisation.

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Finan in In 2023, following the election of a new government in Sweden. we were notified by our core unrestricted donor Swedlsh Intemational Development Cooperation Agency {Sida) that the new national government had reduced its available funding and as a result our funding would be reduced at short notice by around £350.000 (23 % of our Sida's funding for the year). These cuts were responded to without closure of peacebuilding work but with some impact on our organisational development and support teams as well as the programme teams. In 2023, analysis was undertaken on CR'S financial model. which led to a greater focus on achieving appropriate levels of Support Cost Recovery (SCR) from restricted funding. Despite the aforementloned cut, we continued to increase our restricted funding grants. During 2023, outreach was undertaken to all European state donors. maintaining the organisation's reputation with key stakeholders, which is an important element to renewing existing contracts and winning new tenders. We also undertook targeted outreach to Trusts and Foundations. Investment made in 2022 has resulted in a steady stream of low-level individual giving in 2023. Fundralslng Actlvltles In 2023, our Income was malnly derived from institutlonal donors, wlth small addltlonal amounts from trusts and foundations and individuals. We did not work with professional fundraisers and donations from members of the publlc totslled less than 1 % of income. We do not anticipate this increasing in the next few years. Management and the Development Team, which manages organlsational fundralslng, stayed abreast of recognised public fundraislng standards. We are reglstered with the Fundraising Regulator. showing our commitment to abide by the Code of Fundralsing Practice and the Fundraising Promise. In 2023, no Complaints were received in r81ation to our fundralsing activlties. We maintained and developed relatlonshlps with existlng Instltutlonal donors and sought to diversify our income by focussing fundraising research and engagement efforts on a prioritised Ilst of governments to develop relationships, raise our profile and position ourselves to successfully bid forfunding. We took on a new core donor. the Finnish Ministy of Foreign Affairs. and brought In new project funding from the French Ministry for Europe and Foreign Affairs. After completing requisite due dS1igence, we secured a place on the UK Government's Conflict Stability and Securlty Fund framework, and joined bNo separat8 successful bids as subcontractors to two Lots on the UK Government's Global Development Delivery Framework. We continued to engage with a range of small trusts and foundations in the UK and US, and secured limited levels of new and recurring fundlng. We focussed on strengthening fundraising capaclty across the organisation induding through bld-writing trainlng and a workshop on fundraising wlth an external consultant. Keeplng People Safe Safeguardlng Is a responslblllty of the entire Board, wlth the Board's Safeguarding {Keeplng People Saf8) Committ88 leadlng on this area of work. The Committee Is made up of the Chair of the Board and 2-3 Safeguarding Trustees, one of whom chairs the Committee. The Committee, which meets on a quarterly basis is supported by the Chief Operatlng Officer and the Intemational Safety and Compliance Manager, All concerns raised have been investlgated and responded to. During the year, we continued with the multi-day 'Keeplng People Safe, sessions with our partner organisations. The team responded to a totsl of 9 Keeping People Safe concerns during the year. There were a further 14 general Incldents I concerns which were also responded to. We continue to develop our systems, processes and policies in thls area including our Rlsk Management Policy, Keeping People Safe Policy, Safety and Security Policy and Programme Security Plans. Among other pollcies, our Complaints Policy and Data Protection Policy are avallable on our websile.

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Staff Wellbelng During 2023. in order to mltigate the funding cut from Sida, CR undertook a redundancy programme that negatively impacted staff wellbeing and mental health. To mitigate its impact. CR introduced Mental Health Days. with each employee enb'tled to take one Mental Health Day as additional leave each quarter. A London office move also significantly improved the working environment and resulted in greater socialisation between employees using that office. The organisation has a Wellbeing Coordination Group of senior staff, Employee Assistance Programme, Mentsl Health First Aiders and free anonymous counselling at their own discretion. Line managers are provided with line management training and tools. CR continues to improve our systems. processes and policles to provide required support services. Publlc Beneflt Statement The Trustees consider that they have complied with Section 17 of the Charities Act 2011 with regard to the guidance on public benefit published by the Charity Commission. The paragraphs below demonstrate the public benefit arising through the Charity's activities. Objectlves and actlvltles Conciliation Resources is an independent international organisation working with people in conflict to prevént vlolence, resolve conflicts and promote peaceful societies. We commit to providing our assistance. expertise and practical resources for the long-term. In addition, we share what we learn from our work with partners to government decision- makers and others working to end conflict, to improve policies and practice worldwide. Since 1996, Conciliation Resources has worked in partnership with local and international civil society actors, helping people work together to find their own solutions to the conflicts affecting them. Our vlslon is a world where people work together to resolve conflicts and promote peaceful and inclusive societies. Our mlsslon is to provide practical support to help people affected by violent conflict achieve lasting peace. We draw on our shared experiences to improve peacebuilding policies and practice worldwide. The Trustees have paid due regard lo the Charity Commission's Guidance on Public Benefit when determining the activities of Conciliation Resources which has the purposes of.. "the advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity" Our ambition (impact) is that we will make significant and documented conlributions io preventlng and transforming violent conflicts and promoting peaceful and inclusive societies. Conciliation Resources. 2025 Strategic Plan, "Building Better Peace" sets out four goals with corresponding strategic outcomes: Goal 1: Adaptlve and alternatlve paths to peace Peacebuilding overcomes barriers to creating peaceful societies Goal 2: Connectlng people and peace efforts More coherent initiatives help prevent and reduce violent conflict Goal 3: Incluslon, gender and Influenco Exduded groups influence approaches to building peace Goal 4: People centr•d pollcy International peacebuilding support puts people first

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Our organisational values both support and underpin everything we do and seek to achieve., Collaboration.. We believe that everybody affected by conflict has a stake in peace. We work to create peaceful and inclusive change within societies in partnership with local people. to respond to violence. inequality, injustice and exdusion. Challenge.. We believe that peace can only come about if people have a chance to better understand their conflict and if difficult conversations are held between allies and adversaries. We Stand alongside those who, with courage and integrity, reach out across conflict divides. Creativity.. We believe that peacebuilding needs to be fl8xlble and adaptive to the specific and evolving realities of each conflict context. We support innovative ways to influence change, and we share insights from people's lived experience globally to build collective knowledge and expertise. Commitment.. We believe that buildlng sustainable peace takes time. That's why we make long-term commitments to support just and resilient transitions from protracted conflict to lasting peace. To help dellver the 2025 Strategic Plan, we hav8 developed and costed a five-year Operational Plan under the following headings, with goal leads allocated to senior staff: Operational Go811. Invest In staff Operational Goal 2. Invest in partnerships Operational Goal 3. Locate and equip staff to provlde eff8Ctive peacebuildlng support Operatlonal Goal 4. Keep people safe Operational Goal 5, Develop evidence, learning and creativity Operational Goal 6. Ensure impactful external communications Operatlonal Goal 7. Secure sufficient. flexible Income Operatlonal Goal 8. Ensure efficient financlal systems and processes Seloct•d achlovements In 2023 In 2023 we contlnued working towards our four strategic goals, to Improve how peace Is built. GOAL 1. ADAPTIVE AND ALTERNATIVE PATHS TO PEACE PEACEBUILDING OVERCOMES BARRIERS TO CREATING PEACEFUL SOCIETIES In 2023, the challeng8s of building and sustaining peace continued to grow. The outbreak of violent conflict in Sudan and Israel-Gaza, and the already heightened geo-political tensions following Russia's invasion of Ukralne, fuelled increased defence spending at the expense of investment In polltlC81 dlalogue and medlation, contrlbuting to pressures on the peacebuilding sector. Against this backdrop, we continued to work with, and support, our partners on ways to progress peace and the prevention of confllct. We explored new approaches and strategies to adapt to the changing nature of conflict and the increasing impact of cllmate change on conflict dynamics, while also addresslng the legacy of conflicts and its effect on vulnerable and marginallsed members of society. Building on research into Futures Thinking - an approach that helps people envlsage different future scenarios and how to get there - in May we brought people together from dlfferent conflict contexts to learn about the approach and how they might apply it in their peacebuilding work. This included representatives from the Government of Philippines and Moro Islamic Liberation Front involved in the implementation of the 8angsamoro Peace Agreement (BPA), a prO￿sS which has been hampered by political tensions and violence. Participants saw potential for the approach to be used to renew inter-governmental dialogue on the implementation of the BPA. Conciliation Resources worked with repr8sentatlV8s of the Ogaden Nalional Liberation Front to help them overcome concerns about the inclusiveness and impartiality of the planned National Dialogue Commission and the Somali Region's Truth and Reconciliation Commission. As a result, the ONLF adopted a constructive approach and encouraged civil society and elders to do likewise; a helpful step towards de-escalating political tensions. Along with our partners in Nigerla, we helped to ensure that districts in the north-east of the country were spared election related violence, by providing civic education on voting and voters. rights and responsibilities and by sharing our experience of the 'Ballot, not Bullet, campaign in the Mano River Region.

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 We continued to develop our understanding of the relationship between cllmate and conflict. including by consolidating analysis and lessons from climate change projects in different contexts and publishing practice papers on the topic. We actively engaged in external discussions and events. including a closed expert workshop organised by the Stockholm International Peace Research Institute. Conflicts arising from or resulting in self-determination claims have for decades accounted for half the conflicts in the world. They are the most protracted and the difficult conflicts to mediate. In 2023 we published a key report in partnership with the Sasakawa Peace Foundation on approaches to peace mediation in these contexts and how these can open new avenues and prospects for progress. We presented findings at the annual EU Community of Practice on Peace Mediatlon in Brussels. GOAL 2. CONNECTING PEOPLE AND PEACE EFFORTS MORE COHERENT INITIATIVES HELP PREVENT AND REDUCE VIOLENT CONFLICT Building sustainable connections between people is central to our work and forms the basis for any peace process. We do this by working with local partners in conflict-affected areas to understand people's needs. share learning and work collaboratively to build processes that complement local peace efforts. We organised a comparative learning trip to Northern Ireland with key representatives of the Bangsamoro to explore how inter-governmentsl dialogue and coordination mechanisms between the British Government and Northern Ireland could serve as a guide for the Bangsamoro and Philippine governments to coordinate and resolve issues in inter- governmental relations, In the Hela province of Papua New Guinea we brought together Hela Government represenlatives and peacebuilding and development partners to analyse challenges and solutions to conflicts. Conflict doesn't respect borders and its impact can be felt far beyond the state boundaries. As part of our cross-border work in West Africa, we established relationships with the Boundary Commissions of the governments of Ghana Burkina Faso and Cote d'lvoire to share analysis and implement cross-border peace and security initiatives. In East Central Afrlca we helped to strengthen networks between local peace structures on the Uganda. South Sudan and Kenya borders, to support work with counterparts across national borders to resolve emerging tensions and conflicts. In Ethiopia, we helped to start rebuilding trust between opposition parties and the National Electoral Board of Ethiopia (NEBE). We supported joint work between political parties and NEBE'S Somali branch lo advocate for increased autonomy and devolved powers, including for recruilment of poll station staff, oversight mechanisms and regionally- based conflict resolution processes. GOAL 3. INCLUSION, GENDER AND INFLUENCE EXCLUDED GROUPS INFLUENCE APPROACHES TO BUILDING PEACE Sustainable peace is founded on inclusive peace processes and peacebuildlng, where the dlverse people affected by conflict have a say in their future. In 2023 we continued to advocate for gender-sensitive peacebuilding programming including through the launch of our new Gender strategy, 'Towards an Inclusive and Transformative Peace {2023- 2028),, which sets out the steps we will tak8 over the next five years to become a gender responsive, and ultimately a gender transformative, organisation. The Strategy responds to recommendations made in an independent Gender Review of CR'S work and consultations with staff, external experts and the piloting of the new Gender Integration Cycle exercises in Pakistan and Central African Republic. Women peacebuilders still face many barriers to inclusion in peace processes. This includes a lack of access to funding. With support from the UN Women's Peace and Humanitarian Fund, we continued our partnership on the Rapid Response Window (RRW) small grants scheme. Through this facility we provided short-term grants to civil society organisations in Ethiopia and Kenya, and also brought together partners from the countries and Liberia to share learning about how to better support women peacebuilders. In Ethiopia, we continued our support to the Women's Dialogue Spaces, which help women access iraining and gain prominence in political spaces. At policy level. in the UK we provided suggestions and language to the Government in the development of their new UK National Action Plan on Women, Peace and Security for 2023-28. We explored the intersection of gender, climate change and conflict. including by weaving climate change questions into and involving environmental experts in gender-sensitive conflict analysis exercises. We responded to increasing interest amongst policymakers and practitioners in mental health and psychosocial support in pea￿bUildIng. Gender can shape people's motivation to engage in violence, the types of trauma they confront and their ability to process trauma. To further understanding in this area, we published two reports based on research in Central African Republic. the first sheds light on how the conflict has influenced the way individuals and 10

communities experience distress, and suggests how to adapt mental health and psychosocial support to local needs; the second report explores the link befvieen gender, mental health and reconciliation. GOAL 4. PEOPLE CENTRED POLICY INTERNATIONAL PEACEBUILDING SUPPORT PUTS PEOPLE FIRST The conflict in Ukraine and political shifts in Europe are driving increased funding and political support for hard security and military responses to conflict. It is a difficult context in which to make the case for peacebuilding. Yet. given the level of conflict globally it is even more important that we do so. and that people are at the centre of peacebuilding and conflict prevention efforts. We make this case to governments and in the medla., in 2023 Al Jazeer8 published an opinion article by the Executive Dlrector on rising defence budgets and falling Investment in peace ahead of the G7 summit. The article was picked up by 35 outlets across 10 countries. The potential of the climate crisis to significantly exacerbate existing conflicts and generate new confllct is increasingly clear. We published a paper emphasising the need for conflict-sensitive climate change solutlons. and how peacebuilders can support better coordination and collaboration among governments and communities. The report was based on the local knowledge and expertise of people on the frontline of cllmate change and conflict, We presented findings to EU policymakers in Brussels and the Swedish government. In the Pacific, we worked with other organisations to convene a workshop for govemment and clvil soclety representatives from Fiji, Kiribati, Marshall Islands and Tuvalu to better understand the complex cllmate change related conflicts in the Pacific. As part of our work in the South Caucasus, we published analysls on the challenges faced by the EU as a peac8 actor In the Armenian-Azerbaijani context, and shared pollcy ideas and written reports on the Georgian-Abkhaz context with policymakers in Brussels, Vienna and Bern. We played a centr81 role in the EU Communlty of Practice on Peace Medlation, the 8nnual event for international policymakers, practitloners, experts and civil society representatives in the field of peace mediation. As well as providing support to event design, we organised three panels with speakers from confllct affected contexts attended by a total of 100 participants in person and over 500 online. Our Accord series focused on mediatlon. We continued to develop and present emerging ideas to pollcymakers on how the peace mediation field needs to adapt. A workshop hosted by Klng's College London to dlscuss emerging findlngs was attended by representativos of the UK, Finnish, Norwegian, Swiss and Swedlsh governments, mediatlon practitioners and experts from the global South and North. We also held an onllne dlscussion with the UN Mediation Support Unlt In New York and the UN Standby Team of Mediatlon experts. We continued to work with NGOS, governments and banks on protectlng the space for humanitarian and peacebuilding work from the negative impact of counter-terrorism laws and sanctlons legislation. With Chatham House we conv8n8d law firms and legal advisers to find solutions to difficulties in providing legal advice in thls domaln; and along with other NGOS we argued against proscription of the Houthls in Yemen by the UK Government due to the risk of severe de-risking of humanitarian activity by the flnanclal sector. Publlcatlons and Other Ro8ourc•8 Producod In 2023 We produced 18 multlmedia products and publications, which were viewed or downloaded 16,889 tlmes. Multlmedla VIDEO - Ex lainer: Wh is inclusion vital for eace? VIDEO- E eacebuildin What does it mean? Info ra hi Peace and the Sustainable Develo ment Goals Info hic.. Climate chan e conflict and eace Video: Clim te chan e and conflict in K shmir and the Phili ines VIDEO - Self-det rmin n.. How can diverse rou s in self-det rmin ilion? VIDE Self-determination.. Wh is the ch VIDEO - Self-determination.. How mi ht a sub-re nflicts be su orted to fin common ial dim ional a ion so im ortant in mediatin self-determination roach hel address self-determination conflicts? nflicts? Publicatlons Euro ean Union su ort to the Armenian-Azerbai Buildin trust in eace mediation Tow rds an inclusive and transformative Annual Review 2022 Mental health and eacebuildin in the Central African Re ublic ender mental health and reconciliation in the Central African Re Case for su ort A chan dimate for eace.. navi atin conflict in the climate crisis Gender cultural identit conflict and climate chan Mediatin self-det rminati nflicts ani eace rocess eace.. our a roach to en er ublic.. im lications for an ractic 11

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Flnanclal Review In 2023. Departments responded collectively to miligate the financial challenges that emerged during the year. Whilst unrestricted expenditure was reduced, we continued the journey of moving operational and programme capacity to our global offi￿S. This will continue in the coming years as we take forward our strategies related to decolonisation and localisation. An example of this is our regionallbranch office in Kenya. which was registered in 2022, to assist and oversee our operations in Jlgjiga, Ethiopia and Bangui. Central Africa Republic. Investments included creating finan￿ and operational capacity for the new entity. The Statement of Financial Activities shows a net deficit, after Exchange losses of £400.126 (2022 net deficit of £641,754> for the year and total funds available stand at £892,140 {2022 - £1,195,009). We undertook 8 second year of planned 'spending down, of reserves in 2023 to align the organisation with its reserves ceiling, funding investments in Department structures as well as the continuation of several critical peace processes and other peacebuilding programmes. This budgeted deficit position was maintsined by reducing expenditure in Ilne with reductions of funding. As such, we believe the organisation is in a reasonable position to pursue sustainable finances, respond to any financial challenges and achieve a surplus in 2024. Income recognised In 2023 was £10.372,015 compared to total Income of £9.863,817 in 2022. The level of deferred income balances as at the end of 2023 increased to £3,524,473 (2022 - £2,793,298; see note 15. A contract by contract level review informs the decision as to whether income should be recognised in the current year or whether it is recognised as deferred income (further information is included in Note 1 Income Recognition), The evolving and welcome focus on safeguarding, keeping staff and people we interact with safe, alongside evolving regulatory requirements such as the development of the UK'S sanctions regime and Ukraine related sanctions and funding re-alignmenl, will all continue to require attention and increased financial resources in the years ahead due to the nature and location of our work. Conciliation Resources continues to plan. adapt and adjust to changing and emerging trends through our Fundraising Strategy which now incorporates an increased focus on commercial contracting and close attention to cost recovery. Despite reductions, we are fortunate to have the support of the Swedish International Development Cooperation Agency (Sida) for 2024. This continues the longstanding and much valued relationship between our organisations. 12

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Prlnclpal Flnanclal Management Pollcles Conciliation Resources has financial regulations and control policies set up and reviewed regularly. These set out the allocation of financial management responsibilities. identifying lines of reporting for all aspects of operations. including controls. with the delegation of authority and responsibilities clearly defined. Conciliation ReSoU￿S uses a nominal ledger coding system for all financial transactions. Regardless of project simplicity or complexity, all project expenditure is checked against budget and authorised by the appropriate budget-holder, who is responsible for ensuring that expenditure remains withln budget. It is then double- checked by two authorised signatories before any payment is made. An annual planning process is carried out by all budget-holders covering their proposed work for the upcoming period along with a fundraising plan, financial budget and cashflow. This information is reviewed by the Executive Management Team and cross-organisational functions. such as safety and compliance. monitoring and evaluation and finance. A consolidated report Is presented to the Board of Trustees for their endorsement at the final Board meeting of the year. Every quarter, as part of the budget reforecasting process. the Finance Team meets with all teams to discuss the respective changes in planned activities that may impact the annual finances or cashflow. These team forecasts are consolidated into a reforecast of expected income and expenditure each quarter and are presented to the 808rd of Trustees for thelr awareness and consideration. Conciliation Resources holds accounts in slx maln currencl8s; Australian dollar, Euro, US dollar, Ethiopian Blrr. Central African Francs, Swedish Krona and the Pound Sterling. Exchange rate risk is considered at a project and organisational level on a rolling basls. Currency exchange rates are monitored by the Finance Director, who works with the Finance Team to ensure that incoming funds are deposited Into the appropriate account, and transfers are made in a timely manner. Projects that are planned based on income In a foreign currency cary an element of risk that is identified and responded to at the project planning phase. Funding to partners Is made in a currency that Is agreed with the partner. to reduce exchange rate risk to the partner without creating unreasonable risk to Conciliation Resources. Overseas expenditure Is predominantly in USD and Australian Dollars. Prlnclpal Fundlng Sour¢•s The principal funding sources for the charity are currently grant income and donatlons malnly from governments and charltable organisations. Further details of funding are provlded in notes 2 and 3 to the Financial Statements. Investment Powers and Pollcy Conciliation Resources received income through donations, grants, project income and other sources. Conciliation Resources plans its activities over one, three and five-year time horizons and budgets to use all anticipated income. The only funds that Concillation Resources holds that are not expendable within 12 months of receipt are reserves and any grants or conlracts for activities over a longer period. The policy for investment is outlined in our Ethical Fundraising and Investment Policy. We currently retain funds as cash and place them on bank deposit. or on deposit with the COIF Charities Deposil Fund. 13

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Reserves Policy Conciliation Resources aims to keep a prudent working balance of unrestricted reserves to cover future contractual liabilities, mainly staff salaries and rent. to ensure that the organisation has sufficient funds for the orderly winding down of activities in the event that the organisation had to close. This amount was set at £756,000 in 2023 in accordance with the Reserves Policy. The total unrestricted funds balance at the end of the year under review was £892.140. Of the total reserves held at the end of the year, £161.742 was in fixed assets. Consequently. the charity had free reserves of £730.398 at the year end. The company plans to rectify the small shortfall of £25,602 between its free reserves and its reserves policy amount of £756.000 in 2024, which is projected to be a surplus year. The Board of Trustees keeps the reserves policy under regular review and particular attention will be given to the increasingly global spread of financial risk and liability as and when the Board and EMT decide to provide office locations with increased direct financial management responsibility. Plans for the Future Despite changing political and donor dynamics, particularly as a result of the war in Ukraine as well as the Israel-Gaza conflict, the Trustees are pleased with the fourth year of the 2020-2025 Strategic Plan and the 2020-2025 Operational Plan. We continue to have a positive impact, and 2024 will witness the initial work required to develop the organisation's next Strategic Plan. We see a continued need for our work and unique peacebuilding approach. Continuity and long-term partnership are necessary elements of good peacebuilding. We will not be seeking significant growth of the overall operational budget or staff body in the next few years, but we will continue to focus on ensuring the financial model of Ihe organisation continues to meet the needs of its operations, Diligently maintaining Sirong relationships wlth a diverse range of institutional donors to ensure the contir)uity of our work over the longer term. The organisation will continue to move towards a full cost recovery model to ensure its ability to mitigate unrestricted funding risks. 14

CONCILIATION RESOURCES REPORT OF THE DIRECTORS AND TRUSTEES YEAR ENDED 31 DECEMBER 2023 Trustees, Responsibilities In Relatlon to the Flnanclal Statements The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally A¢￿pted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its income and expenditure for that period. In preparing these financial statements, the Trustees are required to.. select sultable accounting policies and then apply them consistently; observe the methods and principles in the charities, SORP; make judgements and estlmates that are reasonable and prudent; • state whether appllcable UK Accountlng Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the fin8ncial statements on the going concern basis unless it is Snappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficl&nt to show and explaln the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable tham to ensure that the financlal statements comply wlth the Companles Act 2006, They are also responsible for safeguarding the assets of the Company and henc8 for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statoment of Dlsclo6ur• to Audltor In accordance with company law, the Company's Directors certify that: so far as they are aware, there is no relevant audit information of which the Company's audltor Is unaware; and as the Dlrectors of the Company they have taken all the steps that they ought to h8V8 tak8n In order to make themselves aware of any relevant audit information and to establish th8t the Charity's auditor is aware of that Informatlon. Audltor In November 2020. the Board agreed to appoint Haysmacintyre LLP for the audit of CR'S Flnanclal Ststements for 2020 and three further years. subject to an annual review and approval by the CR Risk & Audit Commlttee and the Trustee Board. The trustees have agreed to re-appoint the audltors to undertake the 2024 Year End audit and Haysmacintyre LLP has indicated its willingness to continue in office. Approval This report was approved by the Board of Directors and Trustees on 24 May 2024 and signed on Its behalf. Lucy oore Dlrector and Interlm Chalr of Trustees 15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONCILIATION RESOURCES Oplnion We have audited the financial statements of Conciliation Resources for the year ended 31 De￿mber 2023 which comprise the Consolidated Ststement of Financial Activities, the Balance Sheets, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 December 2023 and of the group and parent charitable company's net movement in funds, including the income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons rolatlng to golng concern In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other Informatlon The trustees are responsible for the other informatlon. The other information comprises the Information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicltly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Trustees, Annual Report (which includes the strategic report and the directors, report prepared for the purposes of company law) for the financial year for which the financial ststements are prepared is consistent with the financial statements: and the strategic report and the directors, report included within the Trustees. Annual Report have been prepared in accordance with applicable legal requirements. 16

Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audlt. we have not Identified material misstatements in the Trustees, Annual Report (which incorporates the strategic report and the directors, report). We have nothing to report in respect of the following matters In relatlon to which the Companies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kept by the parent charitable company: or the charitable company financial statements are not in agreement with the accounting records and returns: or certain disclosures of trustees. remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit. Responslbllities of trustees for the flnanclal statements As explained more fully in the trustees. responsibilities statement set out on page 15, the trustees (who are also the directors of the charitable company for the purposes of company18w) 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 ststements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either Intend to Ilquidate the group or the parent charfjtsble company or to cease operatlons, or have no reallstlc alternative but to do so. Audltor's respon8lbllltle8 for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a materlal misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economlc decisions of users taken on the basis of these financial statements. Irregularltles, Including fraud, are Instances of non-compllance with laws and regulatlons. We design procedures In Ilne with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularitles, including fraud Is detalled below: Based on our understanding of the group and the sector in which it operates, we identified that the principal risks of non- compliance with laws and regulations related to regulatory requirements of the Charity Commission, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, Companies Act 2006 and payroll tsxes. We evaluated management's opportunitles for fraudulent manipulation of the financial statements (including the risk of override of conlrols). and determined that the principal risks were related to posting inappropriate journal entries and management bias in certain accounting estimates and judgements such as the income recognition policy applied to grant income. Audit procedures performed by the engagement team included: Inspecting Corresponden￿ with approprlate regulators and tax authorities. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Evaluating management's controls designed to prevent and detect irregularities; Review of minutes of meetings to identify expected material amounts of voluntsry income; Identifying and testing journals, using dats analytics to focus testing on higher risk entries. and Challenging assumptions and judgements made by management in their critical accounting estimates. with a focus on recognition of grant income at the year end. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion. omission or mlsrepresentation. 17

Steven Harper (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP 3rd June 2024

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (includlng an Income and Expenditure Account) Unrestrlcted Restricted funds funds Total 2023 Total 2022 Notes Income from: Donations and core funding 1,247,008 1,247,008 1,730,088 Charitable activities 31,195 9,055,752 9,086,947 8,126,086 Investments 38,060 38,060 7,644 Total income 1,316,263 9,055,752 10,372,015 9,863,818 Expendlture on: Raising funds 226,636 226,636 329,015 Charitable actlvltles 1,813,433 8,625,010 10,438,443 10,168,699 Total expendlture 2,040,069 8,625,010 10,665,079 10,497,714 Net (expendlture)/lncome (723,806) 430,742 (293,064) (633,896) Transfers between funds 19 430,742 (430,742) Foreign exchange (losses)/galns (107,062) (107,062) (7,858) Net movement In funds (400,126) (400,126) (641,754) Reconclllatlon offvnds.. Other movements In reserves 97,257 97,257 Total funds brought forward 1,195,009 1,195,009 1,836,763 Total funds carrled forward 19 892,140 892,140 1,195,009 The Statement of Flnancial Activities also complies with the requirement for an Income & Expenditure Account under the Companies Act 2006. All income and expenditure derives from continuing activities. The Statement of Financial Activities includes all gains and losses recognised during the year. Full comparative figures for the year ended 31 December 2022 are shown in note 26. The accompanying notes form part of these Financial Statements. 19

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 CONSOLIDATED BALANCE SHEET 2023 2022 Notes Flxed assets Inrangible fixed assets Tangible fixed assets 12 13 127,513 34,229 159,469 58,853 Current assets 161.742 218,322 Debtors Cash at bank and In hand 14 1,532,310 3,520,011 2,279,729 2,381,996 5,052,321 Credltors: amounts falling due within one year 4,661,725 15 (4,271,447) (3,587,781) Net current assets 730,398 1,073,944 Provisions 18 (50,476) (97,257) Total Net assets 892,140 1,195,009 Charlty Funds Unrestrlcted fund8 General funds 19 892,140 1,195,009 R•strlcted funds 19 TOTAL FUNDS 892,140 1,195,009 The financial statements were approved and authorised for issue by the Board of Directors and Trustees on 24 May 2024 and were signed on its behalf by.. Lucy Moore (Dlrector and Interlm Chalr of Trustees) 4Z."L•........................... Gavln Salmon (Company Secretary) The accompanying notes form part of these Financial Statements. 20

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET (Company only) 2023 2022 Flxed assets Intanglble fixed asset5 Tangible flxed assets 127,513 34,229 159,469 58.853 161,742 218,322 Current assets Debtors Cash at bank and in hand 4,320,423 2,625,144 4,798,550 1,832,800 6,945,567 6,631,350 Credltors: amounts falllng due wlthln one year {3,970,872) (3,397,840) Net current assets 2,974,695 3,233,510 Provisions (97,257) Total Net assets 3,136,437 3,354,575 Charlty Funds Unrestrlcted fund8 General funds Deslgnated funds 3,136,437 3,354,575 R•8trf¢ted funds TOTAL FUNDS 3,136,437 3,354,574 The net income for the charltable company for the 12-month period to 31 December 2023 was -£218,137 The financial statements were approved and authorised for Issue by the Board of Directors and Trustees on 24 May 2024 and were signed on its behalf by.. Lucy Moore (Dlrertor and Interlm Chalr of Trustees) . Gavln Salmon (Company Secretary) 21

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 CONSOLIDATED STATEMENT OF CASH FLOWS Notes 2023 2022 Cash flow from operatlng actlvitles 22 1,222,513 (1,174,675) Net cash flow provlded by operatlng actlvltles 1,222,513 (1,174,675) Cash flows from Inve5tlng actlvltles Purchase of tangible fixed assets Additions to intanglble fixed assets Dividend and interest receivable (15.496) (29,100) 38,060 7.644 Net cash (used In)/ provlded by Investlng actlvltles 22,564 (21,456) (Decrease)/increase In cash and cash equlvalents In the year 1,245,077 (1,196,131) Cash <ind cash equivalents at the begiiiiiii)x ()f the year 2,381,996 3,585,985 Cliaiige in cash and cash equivaleiits (liie to LxLI)<iiige rate Inoveineiits (107,062) (7,858) Total cash and cash equivalents at year end 3,520,012 2,381,996 Cash and cash equlvalents conslsts of: Cash at bank and in hand 3,520,011 2,381,996 Cash and cash equlvalents at 31 December 3,520,011 2,381,996 The accompanying notes form part of these Financial Statements. 22

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 1. Summary of slgnlflcant accountlng pollcles The significant accounting policies applied in the preparation of these financial statements are set out below. The accounting policies have been applied consistently throughout the year and in the preceding year, unless otherwise ststed. Basls of Preparatlon of Accounts and General Informatlon Conciliation Resources is a charitable company Registered in England and Wales. In the event of the charity being wound up. the liability In respect of the guarantee Is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operations and principal activities are included in the Report of the Directors and Trustees. The charty constitutes a public benefit entity as defined by FRS 102. The flnancial ststements have been prepared in accordance with Accounting and Reporting by Charities.. Ststement of Recommended Practice appllcable to charities preparing thelr accounts In accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102), the Financial Reportlng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as It applies from 1 January 2019. The financial statements have been prepared on a going concern basis under the hlstorlcal cost conventlon. The financial statements are prepared in sterling which is the functlonal currency of the Gharity. The accounts are rounded to the nearest pound. Bas13 of Consolldatlon The consolidated statement of financial activities (SOFA), group balance sheet and consolidated statement of cash flows consolidate the financial statements of the Charlty and its subsidiary (Conciliation Resources Australia-CRA). The financial statements of the subsidiary are consolldated with the Charlty on a line-by-line basis. Transactions and balances between antities are elimlnated on consolldation, CRA was not consolidated In 2022 because most of the contracts were still held by CR UK. But during 2023, CRA income totalled £840,494 and became material to the group consolidation. No separate SOFA has been presented for the Company alone. as permitted by s408 of the Companies Act 2006. The total Income of the Company for the period was £9,563,294 (2022.. £9,604,286) and the net result of the Company was a deflclt of £218,137 (2022,, surplus 941,372). Golng Concern The Directors are required, under the rules governing the preparation of accounts. to conslder each year whether it is appropriate to prepare the accounts on a going concern basis. This requires them. therefore, to take a view that the charity can continue in operatlon for the foreseeable future. Over the year 2023, Conciliation Resources has faced changes in the funding landscape resulting in some impact on our organisational development and support teams as well as the programme teams, At the same time, 2023 has shown that we have an abilily to attract significant and diverse funding, offsetting the reductions. The Directors have reviewed the future requirements of Conciliation Resources and the likely levels of financing, a significant amount ofwhich has already been secured for 2024 and 2025, as well as the satisfactory levels of cash and reserves which it holds. Hence, the directors have not identified any material uncertainty in the charity's ability to continue as a going concern. Accordingly, the Directors are satlsfled that resources are fully adequate for the foreseeable future and that it is appropriate that the accounts should be prepared on the going concern basis. Income All income is included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income, after any performance conditions have been met, when the amount can be measured reliably and when it is probable that the income will be received. 23

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 1. Accountlng pollcl•s {contlnued) Income from donations, including gifts and grants that provide core funding or are of general nature, are recognised on receipt, unless there are conditions attached to the donation that have to be satisfied before entitlement can be obtained. In this case income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. The charity receives grant income, including government grants, which provides funding to support its activities. Income from government grants and other grants are recognised at fair value when the charity has an entitlement to it. when performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement conditions are not met then these amounts are deferred. Investment income is recognised on a receivable basis. Volunteers and Donated Sorvlces and Facllltles Where services that would normally be purchased from suppllers are provided to the charity free of charge, this contribution is included as both income and expenditure in the financial statements at an estimate of the value of the contribution to the charity. There were no such donations during the year. During 2023 (2022-nil}, the charity had no volunteers. Expendlture All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable thal the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under Ihe following headings.. Raising funds are those costs incurred in attracling voluntary contributions and donations, and those incurred in trading activities that raise funds and do not include Ihe costs of disseminating information in support of the charitable activities., Expenditure on charitable activilies includes expenditure associated with the main objectives of the charity and include both direct costs and support costs relating to these activities; and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activlty for which expenditure arose. Support costs allocatlon Support costs are those that assist the work of the charity but do not directly represent charitable activlties and include office costs, communications costs. governance costs, and project management costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to each programme activity based on the size of the programme expenditure as a proportlon of the total expenditure on charitable activities and raising funds. The analysls of these costs is included in note 7. Accounting for transfers to partners In delivering its charitable activities, Conciliation Resources works closely with a range of local partners. The delivery of these charitable activities is in conjunction with local partners. On this basis, costs incurred by partners are categorised within the accounts as direct costs rather than as grants made. as in the trustees view this is the most approprlate category having considered Ihe substance of the costs. Intanglble Assets Intangible assets are stated at cost less accumulated amortisation and are amortised on a straight-line basis over their useful lives. The useful lives of intangible assets are as follows: Computer software 7 years 24

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 1. Accounting policies (continued) Tanglble Flxed Assets and Depreclatlon Tangible fixed assets are stated at cost less depreciation. The cost of minor additions or Ihose costing less than £900 are not capitalised. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis.. Computer Equipment Office Furniture & Fittings Leasehold Leasehold Improvements 3 years 3 years 10 years 3 years Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Credltors and Provlslons Creditors and provisions are recognlsed when the charlty has an obllgation at th8 balanc8 sheet date as a result of a past event, it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due. Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic fin8ncial Instruments. Basic financial instruments are initially recognised at transactlon value and subsequently measured at the settlement value. Funds Unrestricted general funds are available for use at the discretlon of the Trustees In furtherance of the general objectives of the charlty and whlch hav8 not been designated for other purposes. Designated funds cornprlse unrestrlcted funds that have been set aslde by the Trusteas for specific purposes. The aim and use of each designated fund is set out In the notes to the financial statements. Restricted funds are monles ralsed for, and their use restricted to, a specific purpose or donations subject to donor- imposed conditions. The cost of raising and administering such funds is charged against the speclfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Employee Beneflts When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service, The charlty operates a defined contribution pension plan for the beneflt of Its employees. Contrlbutions are expensed as they become payable. Tax The charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 ofthe Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Forelgn Currency Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are initially recorded at the rate ruling at the date of the transaction. All differences are taken to the Statement of Financial Activities. Crltlcal accountlng Judgements and key sources of estlmatlon uncertalnty In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and Ilabillties that are not readily apparent from other sources. 25

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 1. Accountlng pollcles (contlnued) The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual ￿suItS may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period. or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees do not Consider there are any critical judgements or sources of estimation uncertainty affecting assets or liabilities at the balance sheet date which is likely to result in a material adjustment to their carrying amount in the next financial year. Operatlng lease agreements Rentals applicable to operating leases Whe￿ substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight-line basis over the period of the lease. 2. Unrestrlcted Incom& from donatlons and grants Group 2023 20Z2 Donations Core funding 18,480 1,228,528 12.190 1,717,898 1,247,008 1,730,088 Income from donations and core fundlng was £1,247,008 (2022-£1,730,088) all of which was attributable to unreslricted funds (2022 - all). Core funding includes £1,228.528 (2022-£1,717,398) of government grants receivable in the year. These grants were awarded as follows,, Group 2023 2022 Swedish Internatlonal Devvlupnieiii A8ency ISIDA) Irlsh Ald 1,049,462 87,756 86,310 5,000 1,602,420 114,978 Mlnlstry of Forel8n Aff?Irs. Flnland Others 1,228,528 1,717,398 100Y. (2022: 1000kn) of core funding is received from funders outside of the United Kingdom. 3. Income from charltable actlvltles Group 2023 2022 Prolect grant income External consultancles High Net Worth Donors 9,059,367 20,023 7.557 8.094,733 20,712 10,641 9,086,947 8,126,086 Income from charitable activities was £9,086.947 (2022-£8.126.086) of which £9,055,752 (2022-£8,081,808) was attributable to restricted funds and £31,195 {2022-£44.278) was attributable to unrestricted funds. 26

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 3. Income from charltable activltles (contlnued) Grant income includes £7.233,915 {2022-£6.565,576) of government grants receivable in the year. The govemment grants received are idénlified by a ' below: Group 2023 2022 Accord, Pollcy. Practlce joseph Rowntree Charitable Trust, UK Federal Department of Forelgn Affairs, Switzerland Sasakawa Foundation * Foreign Commonwealth Development Office, UK International Idea Ecorys PeaceNexus United State Instltute of peace •lrish Aid 66,941 198,656 227,563 516,160 69,889 54,306 97,027 481,625 18,370 17,885 179 17,325 11,148 8,686 7,024 1,036,178 756,606 Caucasus * European Unlon * Federal Department of Forelgn Affairs, Swltzerland Forelgn Commonwealth Development Office, UK SwissPeace Slgrld Rausing Trust Mlnlstry for Foreign affalrs, Flnland 2,308,000 12,000 326,771 922,046 165,887 258,662 29,3Z5 140.471 168,986 27,738 2,843,494 1,516,391 Wost Afrlca National Endowment for Democracy, USA * Foreign Commonwealth Development Office, UK Robert Bosch Stlftung Norad 43,192 74,S44 126,551 139,932 207,822 6,888 257,902 341,027 East and C•ntral Afrlca Zlvlk Danchurch Ald United Nations Development Programme 255,750 372,680 271,136 274,841 151,113 200,227 899,566 626,181 27

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 3. Income from charltablo activitles (continued) Group 2023 2022 Horn of Africa Federal Minister for Foreign Affairs, Germany * Foreign Comrnonwealth Development Office, UK Irish Ald-Ethiopia 364,279 1,152,759 589,533 371,212 768,358 1,090,990 2,106,571 2,230,560 South Asla Ploughshares Fund Allen & Nesta Ferguson Misereor * Swedish Internatlonal Development Agency (SIDA) 32 40,701 9,892 81,582 279,548 30,131 30,163 411,723 Paclfic Department of Foreign Affairs and Trade, Aiistralla Mlnistry of Foreign Affairs 99,573 303,892 717,017 Mlsereor * Foreign Commonwealth Developmeiit Oft'ILL,, UK European Union * United Nations Developinent Pi'ogi'L in (UN I)I) German Foreign Office 129,460 92,256 69,564 71,788 216,130 119,307 344,808 142,512 290,496 982,664 1,834,148 Phlllppines * Foreign Commonwealth Development Office, UK Department of Foreign Affairs and Trade, Australia 202,164 40,724 99,773 6,017 242,888 105,790 Cr055 Reglonal Project * Foreign Commonwealth Development Office, UK Saferworld SIDA 'United Natlons Development Programme 32,609 20,826 172,148 430,146 31,451 33,622 150,100 44,209 655,729 259,382 Total grants 9,055,155 8,081,808 72°/0 (2022-760/0) of grants within charitable activities is attributable to geographical areas outside the United Kingdom. 28

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 4. Income from Investments Group 2023 2022 Bank interest 38,060 7,644 Income from investments was £38,060 (2022-£7.644) of which all (2022- 814 was attributable to unrestricted funds. 5. Costs of ralslng funds Group 2023 2022 Salaries and staff costs Dlrect costs Support costs 174,754 8,837 43,045 193,530 66,458 69,027 226,636 329,015 AII £329,015 (2021-£214,928) of the above costs were attributable to unrestricted funds. 29

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CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 8. Governance costs Group 2023 2022 Board costs Auditors, remuneration (UK) Auditors. remuneration (Ethiopla) Auditors. remuneration (Australia) Legal, professional fees and other support costs 1,182 18,000 2,000 4,194 56,161 5.691 15.750 5.000 7.421 77,092 81,537 110.954 9. Net In¢om• for the year The net Income is stated after charging.. Group 2023 2022 Depreciation of tangible fixed assets Amoi'tisation of intangible fixed assets 40,120 31,956 38,001 31,956 Operating lease rentals Audit's remuneration - Statutory audit (cui'reiit auditoi.) Statutory audit (Ethiopi.i) Statutory audit (Aiistl'£iliLI) Grant audits Foreign Exchange Translation Gains/[Lo%se%) 44,721 18,000 2,000 4,194 63,019 (107,062) 155,000 15,750 5,000 7,421 40,136 (7,858) 10. Trustees, and key management personnel remuneratlon and expenses Expenses reimbursed for airfares, travel, telephone, hospitality and accommodation totalllng £1,182(2022-£5,691) were paid on behalf of three (2022-six) trustees. The number of key management personnel in the year was seven (2022-seven). The total amount of employee benefits received by key management personnel during the year was £547.119 (2022-£637,286). The Charity considers its key management personnel to be the Executive Management Team. 32

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 11. UK Staff c08ts and employee beneflts The total UK staff costs and employee benefits were as follows: Group 2023 2022 Employee salaries Social security Defined contribution pension costs 3,351,824 302,991 322.978 3,618.136 335,162 335,621 3,977,793 4,288,919 Terminatlon payments 45,400 4,023,193 4,288,919 6 employees received termination payment In 2023. The number of employees who received total employee benefits (excluding employer national insurance, pension costs and termination payments) of more than £60,000 is as follows.. Group 2023 2022 £90,001 to £lOO,000 £80,001 to £90,000 £70,001 to £80,000 £60,000 to £70,000 11 During the year the charity paid £90,871 (2022-£98,206) under a defined contribution pension scheme on behalf of the staff membersldirector earning over £60,000. The average monthly number of employees and full time equivalent (FTE) during the year was as follows: Group 2023 Number 2023 FTE 2022 Number 2022 FfE Executlve Management Team Accord, Policy, Practlce Afrlca Department Caucasus 9.33 9.87 0.50 4.90 5.81 2.50 7.37 2.00 2.75 7.04 2.19 3.76 1.00 9.07 9.27 0.50 4.90 5.81 2.40 7.27 2.00 2.75 7.04 2.19 3.76 1.00 West Afr5ca East and Central Afrlca Europe Assa Department Horn of Africa South Asia Paclfic Phlllppines and Colombia South East Asla Department Cross RegSonal Project Administrative. financial management and fundraislng support 17.51 16.37 20.3 19.1 Total 76.5 74.3 82.2 79.8 33

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 12. Intanglble flx•d assets Group and Company Computer Software Cost Balance as at l ]anuary 2023 Additions in the year 297.196 At 31 December 2023 297,196 Amortlsatlon Balance as at l January 2023 Charge for the year 137,727 31,956 At 31 December 2023 169,683 Net book value As at 31 December 2023 127,513 As at 31 December 2022 159,469 13. Tanglble flxed a8S•ts Leasehold Improvements Computer equipment Flxtures &fittlngs Group and Company Total Cost Balance as at I january 2023 Additions Disposals 316,564 192,338 15.496 54,287 563,189 15,496 At 31 December 2023 316,564 207,834 54,287 578,685 Depreclatlon Balance as at l January 2022 Charge for the year Depreciatlons on Disposals 306,180 8,702 144,225 31,062 53,931 356 504,337 40,120 At 31 December 2022 314,882 175,287 54,287 544,456 Net book value As at 31 December 2023 1,682 32,547 34,229 As at 31 December 2022 10.384 48,113 356 58,853 34

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 14. Debtors Group 2023 Company 2023 2022 2022 Grants receivable Other debtors Prepayments and accrued Income Grants accrued Inter Company Accounts CRA 424.148 114,747 509,281 484,134 1,364,925 35,046 401,788 477,970 496,924 38,937 424,724 327,348 3,032,491 1,364,925 32,500 347,642 413,797 2,639,687 1,532,310 2,279,729 4,320,424 4,798,551 Other debtors includes a rent deposit of £32.500 {2022 - £32,500) which is receivable In more than one year. 15. Crodltors: Amounts Falllng Due Wlthln One Year Group 2023 Company 2023 202Z 2022 Trade credltors Soclal security and other taxes Other creditors Accruals Accounts payable Deferred Income (Note 16) 269,580 109,869 199,319 95,431 72,776 3,524,473 301,694 144,499 225,312 122,978 248,720 83,928 199,319 91,912 271,907 116,811 225,312 100,252 2,793,298 3.343,993 2,683.SS8 4,271,447 3,587,781 3,970,872 3,397,840 35

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 16. Deferred incomo Group 2023 Company 2023 2022 2022 Balance as at l January Amount released to income in the year 2,793,298 2,896,650 (2,793,298) (2,896,650) 3,524,473 2,793,298 2,683,558 2,793,298 (2,683,558) (2,793,298) 3,343,993 2.683,558 Amount deferred in the year 3,524,473 2,793,298 3,343,993 2,683,558 Group 2023 Company 2023 2022 2022 UK Foreign & Commonwealth Office Swedish International Development Co- operation Agency (SIDA) Irish Aid. European Union Department of Foreign Affairs & Trade (Australia} Misereor Federal Department of Forelgn Affairs, Switzerland joseph Rowntree Charitable Trust Minister for Foreign Trade and Develoi)Ineiit, Netherlands Sasakawa Peace Foundation Federal Ministry for Foreign Affaii's GLJI'I)l<ll)y UN (Women & DP) Sigrld Rausing Danchurch Aid PeaceNexus United States Instltute of Peace Robert Bosch Stiftung Ministry For Foreign Affairs, Finland Peace Dividend Initlative 64,504 14,096 72,456 103,091 48,838 14,096 72,456 103,091 790,262 996,731 561,039 1,092,233 82.384 790,262 993,5S2 561,039 1,026,690 64,614 6,030 48,884 6,030 48,884 34,293 583,498 12,248 272.352 34,293 583,498 12,248 272,352 13,802 161,635 460,574 140,543 2,906 50,499 79,624 143,637 159.529 40,808 8,501 1,965 58,018 13,802 50,499 53,197 143,637 159,529 40,808 8,501 1,965 58,018 460,574 140,543 2,906 84,714 172,620 4,295 84,714 172,620 4.295 3,524,473 2,793,298 3,343,993 2,683,558 'Includes Deferred Income Irish Aid Ethlopia of £788,264 (2022-£561,039) 36

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 17. Operating leases Total future minimum lease payments under non-cancellable operating leases are as follows: Group and Company 2023 2022 Not later than one year Later than one and not later than five years 44,721 178,885 156,947 38,750 223,606 195,697 18. Provlslons for Ilabllltlos Group 2023 2022 Balance as at I january Addltlons during the year Cancellations 97,257 50,476 (97,257) 95,914 1,343 Balance as at 31 December 50,476 97,257 The provislon related to the dllapidatlons expens8 expected for the London offlcè lease was cancelled after tha office move from Burghley Yard to The Graystone Centre. Charges to the Statement of Financl81 Actlvities for disallowable expendlture agalnst r8Stricted grants rastricted during the year amount to £50,476 (2022- nil) of which all (2022- 811) were attributable to unrestricted funds. 19. Fund reconclllatlon 2023 Group Balance as at 01.01.23 Transfers and galns/(losses) Balance a5 at 31.12.23 Income Expendlture Restrlcted Funds: Charltable Actlvltles.. Accord, Pollcy, Practice South Caucasus WestAfrica Eastand Central Africa Horn ofAfrica South Asia Pacific Cross Regional Project 1,036,177 (920,710) 2,843.494 (2,786,692) 257,903 (235,674) 899.566 (834,453) 2,106,571 (1,986,520) 30,163 (30,163) 1,226,150 (1,232,719) 655,729 (598,080) 115,467 56,802 22,229 65,113 120,051 (6,569) 57,649 Total Restrlcted Funds 9,055,753 (8,625,011) 430,742 Generalfunds Total Unrestricted Funds 97,257 323,680 1.195,009 1,316.263 (2,040,069) 892,140 Total Funds 1.195,009 10,372,015 (10,665,079J (107,062) 892,140 37

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 Company Balance as at 01.01.23 Transfers and Balance as at gains/(losses) 31.12.23 Income Expenditure Restrlcted Funds: Charltable Activitles: Accord, Policy, Practice South Caucasus West Africa East and Central Africa Horn of Africa South Asia Pacific Cross Regional Project 1,036.177 (920,710) 2,843,494 (2,786,692,) 257,903 (235,674] 899,566 (834,453) 2,106,571 (1,986,520) 30,163 (30,163) 417,429 (442,585) 655,729 (598,080) 115,467 56,802 22,229 65,113 120,051 (25,156) 57,649 Total Restrlcted Funds 8,247,032 (7,834,877) 412,155 Generalfunds Total Unrestrlcted Funds 97,257 323,118 3,136.437 3,354,574 1,316,263 (1.954.775) Total Funds 3,354,574 9,563,294 (9,789,651} (89,037) 3,136,437 Fund reconclllatlon 2022 Group Balance as at 01.01.22 Transfers and Expendlture galns/(10sses) Balance as at 31.12.22 Income Restrlcted Funds: Charltable Actlvities: Accord, Policy, Practice Caucasus West Africa East and Central Afrlca Horn of Afrlca South Asia Pacific Philippines and Columbia Cross Regional Prolect 756,606 (728,085) 1,516,391 (1,462,240) 341,027 (309,368} 626,181 (574,808) 2,230,560 (2,110,071) 411,723 (411,717) 1,834,148 (1,725,739) 105,790 (96,471) 259,382 (227,505) [28,521) (54,151) (31,659) (51,373) (120,489) (6) (108,409) (9,319) (31,877) Total Restrlcted Funds 8,081,808 (7,646,004) (435,804) Total Unrestrlcted Funds 1,836,763 1,782,010 (2.851.710) 427,946 1,195,009 Total Funds 1,836.763 9,863.818 (10,497,714) (7,858) 1,195,009 38

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 19. Fund reconclllatlon 2023 (contlnued) Company Balance as atOI.01.22 Transfers and Balance as Expenditure gains/Oosses) at 31.12.22 Incorne Restrlcted Funds: Charitable Actlvltles: Accord, Policy, Practice Caucasus West Afrlca East and Central Afrlca Horn of Afrlca South Asla Pacific Cross RegSonal Project 756,606 (740,528) 1,516,391 (1,462,240) 341,027 {309,368) 626,181 (574,808) 2,230,560 (2.110,071) 411,723 (411,717) 1,680,406 (114,454) 259,382 (196,615) 16,078 54,151 31,659 51,373 120,489 1,565,952 62,767 Total Restrlcted Fund5 7,822,276 (5,919,801] 1,902,474 Total Unrestrlcted Funds 2,413,202 1,782,010 (2,738,370) 1,897,733 3,354,575 Total Funds 2,413,202 9,604,286 (8,658,172) (4,741) 3,354,S75 Purpo808 of Restrlcted Funds: Restricted funds are funds which are subject to restrictlons on use imposed by donors and are not available for use generally by Concillation Resources. Restricted funds held by the charity are used to fulfil Its objects and goals, In accordance with the terms and conditlons specified by the sources of the relevant funds. Restricted funds are currently held for the Accord, Policy and Practice team to deliver informed, improved support for inclusive peace and transition processes and forthe Programmes teams to support national and reglonal stakeholder dialogues. promote reconciliation in communities, to enhance prospects for lasting peace, ensure inclusive policy making and to support innovative paths to peace. During the year, most funds received were performance related. In accordance with the accounting policy (see note 1), funds received and not recognised as income have been carried forward as deferred Income (see note 16). During the year a number of grants came to an end and a final submission prepared to the donor. Any previously unrecognised overhead contributions were transferred to unrestricted reserves at the year end. Transfers between funds: In 2023, 8 transfer was made from restrlcted to unresiricted funds in respect of Indirect Cost Recovery (ICR) for funded projects during the financial year. 39

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 20. Analysls of net assets between funds Group General Funds Deslgnated Funds Restrlcted Total 2023 Funds Fixed assets Cash Other current assets/liabilities 161,742 3,520,011 (2,789,613) 161,742 3,520,011 [2,789,613) 892,140 892,140 Analysls of net assets between funds-2022 comparatlvo General Funds Deslgnated Funds Restrlcted Total 2022 Funds Fixed assets Cash Othet. current assets/liabilitles Pi'ovisions 218.322 2,381,996 (1,308,052) (97,257) 218,322 2,381,996 (1,308,052) (97,257) 1,195,009 1,195,009 20 Analysls of net assets between funds Icontlnued) Company General Funds Designated Funds Restrlcted Total 2023 Fund$ Fixed assets Cash Other current assets/liabilltles 161,742 2,625,144 349,551 161,742 2,625,144 349,551 3,136,437 3,136,437 Analysls of net assets between funds-2022 comparatlve General Funds Deslgnated Funds Restrlcted Total 2022 Funds Fixed assets Cash Other current assets/llabllitles Provisions 218.322 1,832.800 1,400.710 (97,257) 218,322 1,832.800 1,400,710 (97,257) 3,354,575 3,354,575 40

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 21. Analysls of changes In nat funds GROUP At start of Cash.Flows year Foreign exchange movements Other non- cash changes At end of year Cash 2,381,996 1,245,077 (107,062) 3,520,011 Analysls of changes In net funds.2022 comparatlve At start of Cash-Flows year Forelgn exchange movements Other non- cash changes At end of year Cash 3,585,985 (1,196,131) (7,858) 2,381,996 As at 31 December 2022, Conciliatlon Resources had no net debt. 22, Reconclllatlon of n•t •xp•ndlture to net cash flow from operatlng actlvltles GROUP 2023 2022 Net Income/(expendlture) for the year Interest recelvable Depreclatlon of tanglble fixed assets Amortlsatlon of intangible flxed assets (Increase)/decrease In debtors Increase/(decrease) In credllors and provlslons Unrealised exchange rate galns/(loss) on cash and cash equlvalents [400,126) (38,060) 40,120 31,956 747,419 734,143 107,062 (641.754) (7.644) 38,001 31,956 (738,793) 135,701 7,858 Net cash flow from operatlng activities [1,222,5 13) {1,174,675) 23. Pen8lon8 and othor po8t-r•tlroment beneflts Deflned contrlbutlon penslon plans The Charity operates a defined contribution pension plan for its employees. Th6 amount ofcontributions recognised as an expense during the year was £322,978 (2022- £335,621). The pension expense has been charged to specific programmes where staff are engaged in particular activities. The pension expense included with support costs has been allocated across the actlvities bebNeen unrestricted and restricted funds in accordance with tha accounting policy on page 24. 24. Related party transactlons For the whole of the year, the charity was under the control of the Directors and Trustees as shown on page 2. The total related transactions with CR Australia was £3.032,491 {2022-£2,639,687). 41

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 25. Flnan¢ial Instruments The charity holds a number of financial assets (for example debtors and cash) and financial liabilities (for example creditors and provisions for grants payable) which meet the definition of basic financial instruments under the FRS 102 SORP. Details of the measurement bases, accounting policies and carrying values for these financial assets and liabilities are disclosed in the notes above. 26. Investments Charlty Conciliation Resources Australia I'CRA") is registered as an Australian legal entity. as both a company (limited by guarantee) and a charity (PBI subtype) with an Australian Business Number (94 642 321 640). It is a subsidiary {'Branch") of Conciliation Resources with an Mou in place between the entities. The CRA Board is constituted with CRA and CR staff on a 50150 basis. Subsldlary: Con¢lllatlon Resources Australla 2023 2022 Total turnover Total expendlture 808,721 893,452 259,532 1,842,659 Net result for the year (84,731) (1,583,127) The aggregate of assels, liabilities and funds was 2023 2022 I'ot1¢ l assets Total liabilities 1,139,245 1,223,976 681,693 2,264,820 Total funds (84,731) (1,583,127) 42

CONCILIATION RESOURCES YEAR ENDED 31 DECEMBER 2023 27. Comparatlve Statement of Financial Actlvltles (2022) Unrestrlcted funds Restrlcted funds Total 2022 Notes Income from: Donations and core funding 1,730,088 1,730,088 Charitable activities 44,278 8,081.808 8,126,086 Investments 7,644 7,644 Total Income 1,782,010 8,081,808 9,863,818 Expendlture on: Raising funds 329,015 329,015 Charltable actlvities 2,522,695 7,646,004 10,168,69 Total expèndlturo 2,851,710 7,646,004 10,497,71 Net {expendlture)/lncome [1,069,700) 435,804 (633,896) Transfers between funds 19 435,804 (435,804) Forelgn exchange (Ios5es]/galns (7,858) (7,858) Net movement In funds (641,754) (641,754) Reconclllatlon offvnds.. Total funds brought forward 1,836,763 1,836,763 Total funds carrled forward 19 1,195,009 1,195,009 43