TRADE
TRADE AID
UNAUDITED
TRUSTEES, REPORT
AND
FINANCIAL STATEMENTS
YEAR ENDED
31ST DECEMBER 2025
11 Glasshouse Studios
Fryern Court Road
Burgate
Fordingbridge
Hants
SP6 1QX

TRADE AID
Contents
Pag8
Contents
Trustses, Annual Report
Indep8ndent Examlner's Report
statement of Flnanclal Actlvltles
Balance Sheet
Notss to the Flnanclal Statements
10-16

Trusteesg Report for the year to 31 December 2025
Refcrenee and Administrative Details
Trade Aid is a UK registered charity (number 1059925) whose principal
address is:
11 Glasshouse Studios,
Fryern Court Road
Fordingbridge
Hampshire
SP61QX
The Trustees during the year were..
Jane Langford (Chair)
Brian G Currie
Matthew Maddocks
Davld Edmonds
Tim Jordan-Dench
structure Governance and Managomont
Trade Aid is an educational charty focusing on vocational education for
sustainable employment, and associated projects. Trade Aid is a not-for-profft
organisatlon and relies entirely upon private donations. All monies accrued,
whether in Tanzania or in the UK are reinvested in the charity to supporl its
projects in Mikindani, Tanzania.
Trade Aid is governed by a Trust Deed with a board of incorporated Trustees
that meet approximately quarterly. Trustees are recruited by the Board of
Trustees through an election process with the Chair having the deciding vote.
No single Trustee or extemal body is entitled to appoint Trustees.
Trustee visils- Brian Currie and Tim Jordan-Dench visited the Trade Aid
projects in Mikindani in March and April 2025 respectivety.
To fill the position left vacant following the sad death of Denls Massoi in 2023,
Abubakari Nassoro was appointed as a Trustee of Trade Aid Tanzania. The
other members of Trade Aid Tanzania Board of Trustees remain unchanged
and are Magreth Mwambe. Kate Kamba, Doctor Daniel Ndagala and Brian
Currie.
In the absence of a full time Project Manager UK these duties continue to be
fulfilled jointly by Jane Langford and Pam Field. More and more
responsibilities continue to be transferred to the Project Manager Tanzania
and his team.
Pam Field continues to work remotely from home as Charity Administrator 7.5
hours per week, co-ordinating the charity's activities in the UK. She works
closely with the Project Manager Tanzania, Emmanuel Mwambe, and with the
Trustees of both Trade Aid UK and Trade Aid Tanzania. Her duties include
day-to-day management of Trade Aid UK accounts, general charity

administration, upkeep and maintenance of the Trade Aid websites, co-
ordination of marketing activities. As part of the drive to transfer more
responsibilities fo staff in Tanzania. during 2025 marketing activities including
updating social media accounts, maintenance of the Friends of Mikindani
database and the design, set up and distribution of periodic newsletters have
been transferred to the team in Mikindani.
Emmanuel Mwambe (Project Manager Tanzania) leads a team of 24 stsff in
Mikindani and manages the operation of Trade Aid Tanzania and the Old
Boma Hotel (the venue for the Trade Aid hospitality training). Consolata Nzali
hdb IdK¢ii oli full responsibility for the role of Finance Manggor, assisted by
Maria Simon. Donna Wright has reduced her involvement but continues on
an a5-needed consultancy basis to assist and mentor Consolata and Maria.
Hospitality Training Consultant, Rhoda Kitila, visits the Old Botna Hotel every
o months, in addition to working remotely from her home in Dar-es-salaam,
to support the project in all training matters. Rhoda Kitila has now taken over
the role of HR administration, assisting with recruitment, staff training and
performance moniloring. Each member of staff has been set up with their own
Office 365 email address to facilitale staff training and HR confidentiality
compliance. The Middle Management structure in Tanzania currently
comprises seven roles..
Hotel Manager
Training Manager
English Trainer & Development Manager
Finance Manager
Operations Manager
Maintenance Manager
Front Office Manager
Education remains the key objective. An online UK based training stream
continues to provide courses in English to staff members in subjects such as
First Aid, Food Hygiene, IT, Bookkeeping, Hotel Management Skills, as well
as specialised courses in keeping with their lob roles. Staff and trainees are
encouraged to participate in sporting activities, and coached in personal
hygiene and personal finance, to further equip them for their future lives.
The community English class continues offer essential language Iraining to
the adults of Mikindani and also provides a valuable source of possible
candidates for future trainee intake.
Achievements and Perfomiance
During 2025, as in previous years, groups each of 20 trainees completed
their training in Hospitalty and English on schedule. This year's graduates
have all secured jobs throughout Tanzania and beyond. Trade Aid is
instrumental in finding jobs for the trainees and monttoring their progress
throughout their careers.

The Afya Spa, housed in the newly renovated Bank House, offers a range of
beauty, massage and spa treatments to guests and visitors to Mikindani.
Bank House ground floor rooms have been lel out to a local business.
During 2025 a referencelreadlng room was established which provides
facilities for staff, trainees and the wlder community to access books and
intemet resources.
Governorfs House. Following its complete restoration in 2024, this property
continues to provide showering, changing and canteen facilities for staff. The
landscaped garden with banda provides facilities for hosting weddings and
other community celgbrations.
In line with the pollcy agreed by the Trustees, the number of children
supported through the Child Equality Programme (CEP) for the entirety of
their primary and secondary education has fallen from 65 In 2024 to 27 in
2025. This has becorne necessary due to rising costs, high administration
demands and the limited donations incoming from private sponsors.
As reported last year, responsibility for administering the CEP, as well as the
FESS (Further Education Student Support) and the SPF (Small Project Fund)
projects have now been transferred to Trade Aid Tanzania.
The ¢onseNation work through the Mikindani Museum ('Makumbusho')
progressed in 2025 with the help of Robert Williams. Trade Aid benefits
enormously from his generous donation of time, expertise and fund-raising
efforts. He, together with a small team of volunteers (led by Tim Jordan-
Dench) in the UK, ensures that the Museum is ¢onstantly éxpanding and
attracting interest. A video documentary focusing on the Museum and the
origins, culture and history of Mikindani was filmed and published in 2024. It
received his first showing in Darthes-salaam in April 2025.
The Tree Nursery programme continues to thrive and expand, supplying local
schools with seedlings and helping to teach the children the importance of
environmental issues. All schools are Gontinuously monitored to ensure
responsible tree management. Several of the cashew trees planted some
years ago are now providing the schools with an income.
During 2025 the downturn in the number of international guests at the Old
Boma continued due to concerns over tension along the
Tanzanianlmozambique border. However during the last half of the year,
overnight bookings saw an upturn, due to an increase in overseas workers
coming into the area and also a number of expats of various nationalities.
parlicularly French and Gemian, taking up residence In Miklndani.

The annual Mikindani Day celebration, led by the Trade Aid Tanzania
Trustees and Management Team in conjunction w5th local council member8,
was held this year in June. The event attracts many high profile visitors which
helps in turn to ralse the profile of the charity. Sporting events are an
important part of Mikindani Day and initiatives are continuing throughout the
year lo encourage staff, trainees and members of the local community to join
in the various sports on offer, currently running, swimming, football and
netball. It is hoped to build on the variety of sports available and a donation
of volleyball equipment recelved thls year from the SW Volleyball Associatio
will help enormously with Ihls.
Objectlves and Activltles
Education for employment will remain the main objective for 2026, with tsyo
further cohorts each of 20 trainees receiving comprehensive training at the
Old Boma as well as benefitting from field trips and work experience visits.
Expanding our internal training provision for staff will continue so that all
knowledge gained can be passed through to trainees and wider family
members.
In 2026 Trade Aid hopes to continue to build on the growth of the
relationships it has already made (nationally and internationally), spreading
awareness of the valuable work that Trade Aid does. This will be done
through continuing to establish new partnerships with educational
establishments worldwide and building on a database of past guests and
trainees, as well as organisations that are willing and able to support it.
Trade Aid will continue to seek out grants for the continuation of the
museum's expansion. It will continue to seek fijnding from interested parties
and it is hoped to create '￿inning, arrangerrents with other museums
throughout the world.
Trade Aid will continue to work with the local government agencies to support
the new by-laws created in 2021.
Trade Aid continues to be dedicated in efforts to communicate with local
communities on the benefits of conserving historic buildings and the economic
benefits of sustainable tourism. This is done through participatory
conservation efforts. Trade Aid will Continue to seek fundlng for the protection
of historic buildings in Mikindani throughout 2026 $0 that these efforts can
continue, and the historic buildings remain both an educational and economic
assel to the community.

TRADE AID
Trade Aid intends to increase its environmental projects, and its commitment
to Combating climate Change. We aim to do this by assessing our reliance on
generators, fossil fuels and use of vehicles. Trade Aid also hopes to support
small community based environmental projects in Mikindani.
We will continue to transfer more responsibility, both administrative and
financial, to the local management of Trade Aid Tanzania.
Flnan¢lal Review
It is the charity's pollcy to retain only suffioient reserves to safeguard the
continuity of its overseas operations, thereby committing the maximum
possible resources to its current programmes. At the close of 2025, Trade Aid
held £17,916.07 in reseNe which is allocated to Trustee-approved projects. In
addition, Trade Aid held £20,150.62 in its current account.
In 2025, the principal source of project funding continued to wme from the
Larasian Group, which also funded all admlnistrative costs, including
employee salaries.
Funds Held as Custodian on behalf of Othars
None
Declaration and Public bonofit statement
The Trustees believe that they have Gomplied with their duty to have due
regard to the guidance ofpublic benefit published by the Commission in
exercising their powers and duties.
The Trustees declare that they have approved the above Trustees, report.
Signed on behalf of the Charity's Trustees
Jane Langford
Chair of Trustees
Dated 21 M
Qx>tL

TRADE AID
Independent Examiner's report to the truste¢s of Trade Aid
I report to the trust¢es on my ¢xamination of the accounts Trade Aid (The Trust) for the
year ended 31 December 2025, which are set out oil pages 2 to 16.
Responsibilities and basis of report
As the charity trustees of the 'lrust you are responsibl¢ for the preparation of th¢
accounts Ill accordance with the requirements of the Charities Act 2011('the Act,).
I report in respect of my exam1r￿tION of the Trustee's accounts carried out under
secrion 145 of the 201 l Act and in carrying out my exan]ination I have followed all
the applicable Directlolls given by the Charity Commission under section 145(5)(b) of
the 2011 Act.
Independent examiner's sthtement
I have completed my examiThation. I confirm that no material matters have come to
my attention in connection with the exan]ination giving me cause to believe that in
any material respect.,
(l) accounting records were not kept in respect of the Trust as required by section 130
of lh¢ Act. or
(2) the accounts do not accord with those records. or
(3) the aceounts do not comply with the applicable requirements concerning th¢ form
and content of accounts set out in the ch￿'It]eS (Accounts and Reports)
Kegulations 2UU8 otlier than any reqiiir¢ment that the accounts give a 'Lruc and
fair view, whicb is not a matter considered as part of an independent examination.
I liave no concerns and have Come across no other mlc tters in connection with the
examination to which altention sliould be drawn in this report in order to enable a
proper understanding of the accounts to be rea¢hed.
Signed:
James Fletcher FCA
Fletcher & Partncrs
Chartered Accountants
Croivn c1￿Mb￿rS
Bridge Street
s￿ISbury
SPI 2LZ
Date:

Statement of Flnancial Activities
Year to 31 December 2025
Note UnrestrEcted Restrlcted 2025
Funds
Funds
Total
Funds
2024 Total
Funds
Income from:
Donations and Legacies
Investments
Total Income
245.374
47
245 421
12.224
257.598 157,359
47
780
267 645 168 139
Expendlture on:
Charitable activities
Total Expendlture
225,468
225 466
7590
233 056 250,179
233,056 260 179
Net (eXpenditure)￿neorne
19,955
4,834
24,589
{92,040)
Net movement In funds
Reconclllatlon of fund5:
Total funds brought
fO￿ard
11,282
1,287
12,569
104,609
Total funds carrled
forward
5,921
12,569
The Slatèment of Financial Activitl8s has been prepared on the basis that all operations are
continuing op8ralions.

'I'RADE
Balance Sheet
As at 31 December 2025
2025 Total
funds
2024 Total
funds
Note
Flxed Assets
Tangible fixed asset3
CUr￿nt Assets
Cash at Bank and in
hand
38,443
38,443
13,829
13,829
Liabllitles
Creditors - amounts
falling due within one
year
1,285
1,260
Net Current Assets
Total Net Assets
37.158
12.569
The funds of the
charity
Unrestricted funds
Restricted income funds
31,237
5,921
11,282
1.287
10
Total Funds
37.158
These financial statements were approved by the board of Triisteès on the
and signed on ils behaw..
M14F
Jane Langford
Chairman
aviij Edtnond5
Trustee

TRADE AID
Notes to the Financial Statements for the year ended 31$t December 2025
Accountlng Pollcles
The following accounting policies have been applied consistently in dealing with
it8ms which are considered material in relation to the financial statements..
1. Basls of Preparatlon
Th8 financial statements have been prepared under the historical cost convention
and in accordance with United lQngdom Generally Accèpted Accountlng Practice
(Uniled Kingdom accountancy standards and applicable regulations), the Statement
of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financlal Reporting Standard (FRS 102) and the Charities Act
2011.
The trustees consider that there are no material uncertainties about the charitys
ability to continue as a going cOn￿rn.
There ar& no significant judgemerts that affect items in the accounts.
There were no significant assumptions made about the future and no other significant
sources of estimation uncertainty al the reporting date that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities wtthin
the next financial year.
Income
Rocognlllon of Incorne
Income is included within the Statement of Financial Activities (SOFA) when:.
The Charity becomes entitled to the resource
,> The Trustees believe that receipt is probable
The monetary value tsn ba measured wlth sufflcienl reliabillty.
Grants, donatlons and gifts
Grants donations and gifts are included in the SOFA when the Charity has
unconditional entitlement to the resource8.
Volunteer help
The value of any voluntary help received is not induded in the SOFA bLrt is described
in the Trustees Report.
Interèst Income
Thls Is Included In the accounts when received.
io

TRADE AID
Notes to the Financial Statements for the year ended 31st Deeember 2025
Accounting Policigs (continued)
Expendlture and Liabilitiès
Llablllty recognltlon
Liabilities are recognised as soon as there is a legal or constructive obligatlon
committing the charity to the expenditure.
Governance costs
These include costs of the preparation and examination of statutory accounts, the
St of Trust* meetings and supervisory visits to Tanzania and costs of any legal
advice to Trustees on governance or constitutional matters.
Grants payable
These ar@ only r8cognis8d in the accounts when a commitment has been made and
there are no conditions lo be met in relation to the grant.
Support Costs
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, e.g. allocating staff costs
by time spent and other costs by their usage.
Penslons
Contributlons are made to a defined contribution scheme and are charged to the
accounts as incurred.
Taxation
No charge to Gurrent or deferr￿ taxation arises as th8 charrty's activities are exempi
from UK taxation.
Forelgn Curyency
Tr8nsactions in foreign currencies are recorded in sterllng at the rale ruling on the
date of the transaction.
Fund Accounllng
Restrlcted funds
Restrlcted fvnds represent grants and donations received which can only be used for
particular purpose5 specified by the donors. Such purposes are within the overall
aims of the charity. A general transfer of 30 /0 of such funds may be made to
unrestrided ￿ndS to cover the cost of unallocated general as well as support
activities, e.g. the cost of sending UK personnel to Tanzania is not individually
allocated although such personnel work on activities ￿nded from both restricted and
unrestricted sources.
li

TRADE AID
Note5 to the Finallcial Slutements for the year ended 315t Deeemb¢r 2025
Accountlng Pollcles (continued)
Unre5trlthd funds
Unrestricted funds comprlse General funds.
General funds represent amounts, which are expendable at the discretion of the
Trustees in furtherance of the objectives of the charity.
Designated fvnds represenl amounts that the Truste8s may, at their discretion, set
aslde for speclffic purposes that would olherwlse form part of the 9eneral re5erve5 of
the charity. Specifically Trade Aid sets aside funds so that it can protect its orKJoing
programme of work from unexpecled variations in income.
A88ets
Cash at bank and in hand includes Cash on deposit at the bank.
12

TRADE AID
Notes to the Financial Statements for the year ended 31fjt December 2025
2. Analysis of donation8 and lagacias
Nots
UnrestrlGted
fund5
Restrlctgd
Funds
2025 Total
Funds
2024 Total
Funds
Donatlons and legacles
Corporate Donations
Tru8t donations
Oth&r donations
Total donatlons and
legacies
244,750
244.750
52.665
624
12224
105474
12.224
3. Expendlture on charltsble actlvltles
Note
Unregtrlcted
funds
Restrlcted
Funds
2025 Total
Funds
2024 Total
Funds
Costs Dn behaK of Trade Aid
Tanzania
Grants to Trad6 Ald Tanzania
Salaries and staff expenses
Travel and staff costs
Support costs
Governance costs
Total ExpendEture on
haritablp activities
4,821
187,5(
18,808
1,488
6,182
4,821
195,096
18,B08
1,488
6,182
8,024
216,564
13,237
7.590
7,728
4.626
4. Analysls of support costs.
8upport Costs
2025
2024
Payroll costs
In$uranGe
Off￿e running costs
2,808
262
2.438
279
Total support costs
All such experTrditure relates lo unrestrthd funds
S. Analysis of Governance Costs
Governance costs
Legal Fees
Trustee expenses UK
Accounlanls feès
Tru51ee expenses TZ
2025
2024
1,096
1.260
1.345
Total govemance costs
4.626
13

TRADE AID
Nots5 to the Financial Stalements for the year ended 31d December 2024
6. Foes for oxamlnatlon of the Accounts
2026
2024
Independent examin8rfs f@e
1,260
7. Analysls of Stsff costs
Staff Costs
2025
2024
Included wlthln support costs:
Gross Wages- UK staff
Staff Training
Pension costs
Employgrs N I Contributions
Totsl wlthln support costs
Gro88 Wage8- TZ staff (split betW88n
Charitable activiti85 and grants to
Trade Aid Tanzanial
2,808
2,438
2,808
2,438
Av8rag8 number of full lime employees..
Administration
Charitable activities
The charity recruits and employs volunteer8 in the UK, who are then pos18d lo Tanzania.
Th8ir employm8nt and transport costs are recorded as Grant funding of charitable actiml￿s.
In 2025 no UK volunteers worked for thi$ tharty All vttluntÈèrs who a8SlSt8d us in 202S w8r8
Tanzanians working in our 8lSter charity Trade Aid Tanzanb&.
No employees r8ceiv8d &mployee benefrts lexGluding employer pen8ion contribution nor
employer national insuranco contribulionl of more than £60,000 in e(ther 2025 or 2024.
8. Creditors
Credltors: amounts falllng due wlthln
one year
2025
2024
Accountancy Accrual
PAYE Credttor
1,285
1,260
1.260
14

TRADE AID
Ib
Notes to the Flnanclal Statsments for tha year ended 31st December 2025
9. Movement on Funds
Fund
balances as
at31
December
2025
Fund balanc95
asat1
Janua
2025
Incomg
Ex
gndlturg
Unrestrlctgd funds
Gener81 Funds
11,282
245,421
225,466
31,237
Restrfcted funds
GEPICEP
TATZ- Fund
Mikindani Museum
Bank House
Brian Currie
FESS
Communty Fund
Tralning
Capital Proj6¢ts
12
4,081
1,875
2,218
1,003
208
120
1,091
152
120
7,110
4.650
120
825
2,612
825
7,590
Totsl Funds
267.645
233,056
37.158
10. Movament on funds - Previous year
Fund
balances as
at31
December
2024
Fund balances
asat1
Janua
2024
Income
Ex
endlture
Unr8strlGt8d funds
General Funds
94.016
52,665
135,399
11.282
Restricted fund8
GEPICEP
TATZ
Mikindani Museum
Bank Housg
Small PrOje￿S Fund
Brian Currie
FESS
Communty Fund
Training
Capital Projécts- Govèrnors
House
1,474
2,200
1,182
4,978
72
6,333
7,795
2,200
1,900
4,978
7,045
13,875
7,000
12
1,721
1,￿3
7,125
13,995
7,000
152
687
687
IOS.474
114780
Tolal Funds
104 60B
158 139
250.179
12.569
15

TRADE AID
All funds ara held wtihin Current a88et8- { 2025- All within currgnt 8ss8ts1
RostrScted Funds
TATZ- a contingency reserve for Trade Aid Tanzania.
B88s- Funds donated to 8UPPOrt a group of local be8k@epers in Mikindani. They keep
8tinglès8 bees and 8ell their produce. induding honey, wax etc.
SPF - Small Projects Fund. Funds donated each year by Larasian of£2,00012024-
£2,000) for use by the Projed Manager TZ t¢ help local people at his discretion. for their
8peciaVemergency needs, i￿luding health, propety repairs, special education.
CEP- Child Education Project. Funds donated by priv81e 8ponsor8 to support local
Mikindani children through primary and socondary education.
Cornmunity -A fund into which donations for various other personal projects are
deposited. For example, in 2018 the then UK Project Manager, Alex Cole, 8ponsor8d the
Mikind8ni Football Team and supported a lo¢al Mikindgni man in ill he8￿h. Pam Fiekl
contributed in 2017 and 2023 to the CDSI ol a prosthetic leg for NaSTa Mohammad, employed
as receptionist al tha Old Boma Hotel.
FESS- Further Education Student Support, Funds reseNed lo sponsor young adults
through Further and Higher Education. Donations used to come in from private donors in the
UK. This is now funded in Tanzania from part of the donation from Mr & Mrs H8rting. No
further funds after 2025 wll be raised in th& UK for thls project.
Museum- Funds rgserved for the improvement of the Mikindani Museum, including display
materials, exhibits and more recently tho Mikindani Museum Film.
Mltengo - Funds donated for a prLiect to build a craft colFege al Mitsngo. Plans for this have
been postponed indefi'nitety.
Bank Hou58- Funds that w6r6 originally donated by Larasian￿ri￿Tr CurrE for the restoration
of Bank House - now completed.
TralnSng- Fund for speclal training for TATZ staff, in addition to Iheir"Mrmal Irainlng at tha
Old Boma Hotel In HoSp￿al￿ skllls. English and IT.
Twin51BCG - fund into which person81 donations from Brian Currie are paid for various
personal proieets in Mikindani. He sponsors. amongst others, school fe8s for'lh8 Twins"
Fatuma's shop, Dr Ndagala's Bukoba Museum.
11. Key management personnel and related party tran8actions
In Tanzania, Trade Aid operates through an independent Tanzanian registered CharVty- Tra(le
M'd Tanzania. Mr Brian Currie, 18 also a Trus18e of Trade Aid Tanzania.
Trade Aid Tanzania receiv&8 most of its funding in the form of gTant5 from Trade Aid, although
some relatively minor fund8 are rais￿ IDcally in Tanzania. In 2025 Trade Aid UK provided
£217,40512024- £101,784) of funds for Trade Aid Tanzania.
Trade Aid Tanzania 18 subject lo a full audit of its accounts in Tanzania.
Trustees are not remuneraled. £5,316 was reimburged for directly incurred travel expenses lo
twts trustées and a spouse who also doe8 voluntary work f¢x the Charity in Tanzania. {2024 -
£1,492)
16

TRADE AID
During the year the charity recaiv8d £251,86012024.. £143,485) in donations from Iru8tees and
entities controlled by trustee8 of the charity.
17