2024-12-31-accounts

REGISTERED COMPANY NUMBER: 03411565 (England and Wale$) REGISTERED CHARITY NUMBER: 1065705 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR SURVIVORS FUND (SURF) (A COMPANY LIMITED BY GUAII4NTEE) Prestons & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road nford ￿￿8¢X IG2 6HY

SURVIVORS FUND (SURF) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page ChalrmaD's Report A note from the Chlef Executlve Report of the Trustees 3 to 33 Report of tbe Independent Audltors 34 to 37 Statement of VlnAnclal Actfivitle$ 38 Statement of Flllanc1741 Posltlon 39 to 40 Statement of Cash Flows 41 Note8 to the Statement of Ca8b Flows 42 Notes to the Fln&n¢lal Statements 43 to 52 Detvdlled Statement of Financlal Actlvltles 53 to 54

SURVIVORS FUND (SURF) CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 THE YEAR IN REVIEW I PREVIEW In a rapidly changing world, SURF'S support for survivors of th¢ Genocide against the Tutsi in Rwanda remains st¢adfast and unwavcring. SURF'S SUPPOrt is imaginative and multi-dimensional. Ever thoughtful of the past, SURF continues to rcmind the world of the evils perpetrat￿ in 1994, 80 that the promise of "Ncver Again" migbt become a reality. Completely invested in thc present, SURF is dedicated to empowering survivors to rebuild thcir lives. Whether it be through our counselling services, entrepreneurship trainin& shelter and livestock provision or legal advocacy, SURF bclieves deeply in the dignity, resilicnce and bravery of all survivor8 and their vital contribution to modern-day Rwanda. And fmally. SURF is mindful of the future. We firn]ly believe in the power of education to transform life-chances and though our 4SPIREAfrica, Foundation Rwanda and R¢a¢hing Rwanda programmes, we are cmpowering and supporting the next generation of Rwandan leaders. prof¢s$ionals, and entrcpreneurs. None of this vital work would be possible without SURF'S loyal supporters and donors. Your belief in our work and gencrosity are the foundations of everything SURF has achieved, and we are deeply gratefijl for your ongoing support. As Chair of SURF. I would also like to recognise the wonderful contribution made by tbe Board of Trustees and the SURF Staff, led by CEO Samuel Munderere. The staff of SURF hav¢ dedicated their lives to survivors of the genocide. So much of their work will never be publicly seen but its impa¢t is immeasurable. For those interested to learn more, and to support our work further, please do log on to our website at urvivors-fund-or '. k on which thcTe are films whi¢b bring to life some of SURF'S projects, as well as inforniation on how to donate. Sam Hunt MBE, Cbalr June 2025 Page I

SURVIVORS FUND (SURF) A NOTE FROM THE CIUEF EXECUTIVE FOR THE YEAR ENDED 31 DECEMBER 2024 2024 has been a year of hop¢ and Tesilicnc¢. Despite the ongoing challcngcs faced by survivors of the Genocide against the Tutsi in Rwanda, we havc continued to witness incredible strength and deterniination among the community we serve. Through our collaborative efforts with our partners. supporters, and, most importantly, the survivors then]selves, we have made meaningful progress in our mission. This year, we have expanded our psychosocial support services, reached more second-gcneration survivors, and deepened our commitment to economic empowernient, ensuring survivors have the tools and opportunities to build sustainable livelihoods and lead change in their own con]munitie8. I would like to extend my d¢q)est gratitude to our donors, whose unwavering generosity makes our work possible. Your belief in our mission fuels every step forward. To our dedicated staff-your passion, professionalism, and tlTele88 commitment are the backbone of our achi¢vement8. Thank you for going above and beyond to support 8urvivors every day. The journey of healing and rebuilding is ongoing. As we reflect on our achievements and challenges in 2024, we r¢ll￿1n ¢ommittcd to a fvture where every survivor is heard, supported, and able to thrive. With ￿atitude, Samuel Munderere, Chlef Executlve June 2025 Page 2

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity foT the purposes of the Companies Act 2006, pre8¢nt their report with the fmancial statements of the charity for th¢ year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommend¢d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (cffKtive l January 2019). OBJECTIVES AND ACTIVITIES Public benetlt The trustees confinn that they have complied with the duty in section 4(1) of the Charities Act 2011 to hav¢ due rcgard to public benefit guidance published by the Commission in deterniining the activities undertaken by the Charity. Page 3

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT AchlcvemeDts and performanee SUMMARY OF THE YEAR Here we highlight som¢ of our work in 2024 and flag up some of th¢ work that wc plan to undertake in 2025. The external environment for fundraising has never been more competitive and difficult, so we're pleased to have sustsined our work ID this challenging environmenL Counselllng Enhanced Reach Project {CERP III) Survivors Fund (SURF) has developed and delivered an array of mental health projects to Support survivors ovcr the past 20 years. With fimding from Clifford Chance through the Corncrstone pro￿arnme, the Counselling Extension Response Project (CERP ID enabled SURF, in collaboration with its partners, to provide access to phone-based counselling and supplementary support to vulnerable survivors of th¢ genocide, and relat¢d vulncrable persons, from April 202 l through to October 2022. The need and demand for coun8ellin8 services made accessible through CERP It are ￿eate￿ tban ever, in part due to th¢ reduction in gov¢rnm¢nt funding for dedicated counselling services for survivors, The take-up and effectiv¢n¢s8 of the helplines and peer counselling mad¢ possible by CERP It has prov¢n to be more impactful than ever due to greater awareness of the support that is available and how to ac¢¢ss it. The Couns¢lling Enhanccd Reach Project (CERP IID is realising the ambition and potential of the project to ensure that survivors can continue to access the counselling support that they require, through to the 30th Anniversary of the Gcnocide against the Tutsi and then embed the model so that such support continues to be available beyond the end of Clifford Chance funding. The project Commenc￿ on I st December 2022 and concluded on 318t October 2024. During the period of Year 2 of CERP IJI, the main focus of the interventions has becn to continue providing phonc-based and peer counselling support to survivors of the Genocide against ihc Tulsi in Rwanda across the country. Support also has been provided to related vulnerable persons, including the children born aft¢r the genocide and other members of the survivor's household who have mental health issues affecting th¢ir well-bein The counselling support has been particularly important during the commemoration of the 30th Anniversary of the Genocide against the Tutsi from April to July, a8 during this time many survivors experience acute trauma which can severely impact on their abilities to cngage in any income generating activities. Those who have benefited most from the counselling services are members of the local Survivors, organisations in partnership with Survivors Fund (SURF), which include AVEGA (National Association of Widows of the Genocide), GAERG (National Survivor's Association of Graduate Students), AERG (National Student's Association of Genocide Survivors) and IBUKA (National Association of Survivor's Organisations)- The main objective of thc project was to support all categories of survivoT8 and related vulnerable pcrsons who are facing mental health challenges across th¢ country. But during the interventions, in particulaT the phonc-based counselling. wc have received as well Don-survivors requesting mental health support. The most significant numb¢r of callers to the h¢lpline are elderly widows who are experiencing extr¢me 'J• trauma. There are many reasons for the difficulties thal they are experiencing, but these are ¢xac¢rbated often by thelr POOT physical health. as many aTe suffering from chronic diseas¢s related to their ￿perIenCe during the g¢nocid¢. Page 4

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Through CERP Ill. many genocide survivors received mental health support through phone-ba8¢d couns¢lling and pccr support counsellors across the county. 41,827 calls were responded to by counsellors and p¢er support counsellors through the hclplines. And 10.242 unique people called the hclpline for thc first time seeking support for m¢ntal health, e5pccially during the commcmoration pwiod. Thcsc new callers had not heard about the project before hearing about it tbrough our radio spots, which promptcd them to call th¢ helplines. Oncc they had started using the services they then recommended it to other vulncTable survivors in their communities. The proj¢ct has helped Survivors Fund (SURF) and our partners to equip community volunteers with knowledge to keep helping their peer survivors in the communities. We have extendcd training to 96 peer support counsellors (PSCS) who are the volunteers living in the same communities as peer survivors, and they have been equipped with knowledge and funding to provide assistance to 6,897 callers to thc helpline in need of follow-up support through the project and enabling them to improve their wcll-being on mental health. This 18 a large number ofpeopl¢ for peer counsellors to follow up, which is the reason for involving Community health officers and community health workcrs to play a more leading role in providing peer support by delivering mental health services across different communities. Supervision of the peer support counsellors was also a key achievement of the project, sinc¢ during th¢ supervision it provides a safe, secure and supportive space for the PSCS to share th¢ pressures with which they ar¢ dealing and gives them time lo b¢ able to express their feeling and PT¢sent mor¢ complicat¢d case8 to the counsellor$ for guidan¢¢ 80 that they can learn from each other. At the end of the project, we conducted an endline survey, and amongst the key findings are the following: IOOO/o of participants reported thai th¢y felt supported by having access to the phone-bascd counselling tbrough the helpline, and they are ready to Use it in the future. 980/0 reported that, online counselling support has contributed positively to contributing to their psychological needs as a result of the services made available througb the prO￿arn. 980/0 claim that the helpline was effective in helping to address the issues about which thcy called and through it they were able to access the services and support they needed. 100 % of the parti¢ipants have confirnied that they will use the same services again, due to the benefits of using it. IOOO/o ¢onfirnied that they prefer phone-bas¢d counselling as the effectiv¢ and economic way of accessing mental h¢alth support. We are confident that the work of providing mentsl health services to the vulnerable genocide survivors after the project will continue, Sustainability was a key element w¢ considered during the design and implem¢Dtation of the project. Training of pecr support counsellors who are based in the Community, along with community health workers, was the main strategy to ensure that vulnerable survivors will be abl¢ to access mental health support beyond the end of the project. Our partner AVEGA has 8ecured funding to ruit 30 psychologists to be based in each district. This is the results of the advocacy mad¢ possible by thc project and is based on the findings of how vulnerable survivors are still in need of mental health services. Psychologists will undertake the work of helping to provide in-person counselling and will keep monitoring the peer support counsellors, as wcll as community health workers, trained through CERP Ill. These psychologists will focus on mental health awareness in the communities and keep promoting the use of the helpline in case of need for more immcdiate supporL as the AVEGA Call Ccntre will continue to operate. We are confidcnt ihat beyond the end of the project, this service of providing mental health support to the vulnerable survivors and r¢Lated persons will continue, in particular as we have such a strong team in place to provide the support ne¢dcd. Page 5

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 MP* M.P is a 46-year-old married woman. She lives in KirdmuTUZi ￿CtOr in Galsibo district of the Eastern Province of Rwanda. She has 6 children. The eldcst of her children was born as a rcsult of rape during the 1994 G¢nocide again8t thc Tutsi. She lives in conflict with hcr husband du¢ to that child born from rape. She has suffered from back problems for a long time, resultillg from being raped by many people while she was young. "I lived in conflict with my husband due to the fact of having a child as a result of rape. Before marriag¢, my husband knew that I have a child born of rapc, but once we were married, he started traumatising me. I attempted many times to kill myself but thank God it did not happen. Once, I heard on radio people tslking about a helpline to call when you are living with trauma. I called the helpline and explained to the counsellor my problems. A counsellor helped me a lot over a number of sessions. As it was the first time for me lo speak about these issued, it was not easy for me to speak about it. However, she kept building my trust in her. and over titne I managed to open up to her. "The main reason for call th¢ h¢lpline was the problem I had, but it was made a lot easier as ther¢ was no requirement of travel to m¢¢t the counsellor, nor did I hav¢ to buy airtime. I took my cell phone and made the call when it was ¢onv¢nient for me and received an exceptional service from the counsellor. Later she visited me at home with my family to discuss the main concern about my mental health. Personally, I did not know anything related to meDthI hcalth and I had never heard of it during th¢ past thirty years after the genocide. 11]ough I lost my parents and relatives, I haven't received any support r¢lat¢d to mental health. "As I sp¢ak now, the conflict has ended with my husband duc to the vi81t of the counsellor. I cannot understand how it endured for so long, but I am now a very happy woman. I used to feel useless, having back pain and stomach aches but now T am a new creation. If I have any problems at home, I call the same helpline and get support from thc counsellor. I believe this service will continue because it helps many survivors who are still struggling with mental health problems. Some of them, like me, do not know that the service is free of charg¢. My plan was to keep fighting with my husband until the end, but I found a better solution of rec¢iving eounselling sessions. Today w¢ ar¢ a v¢ry happy family, and with all my Children and husband w¢ ar¢ now looking forward to a bright futur¢ tog¢ther." Counselling Embeddlng Systems Project (CERP IV) CERP IV is a one-year follow on prOj￿t to our Counselling Enhanced Reach Project (CERP Ill) to ensurc that specifically training and sensitisation of Community Health Officers (CHOS) and Community Health Workers (CHWS) can be extended across Rwanda to eDsure that an awareness of the specific mcntal health needs of survivors and how to treat and refer relevant cases is embedded in the public hcalth 8y8tem. It nms from December 2024 to December 2025. To address the need to sensitise and improve the skills of workcrs from mainstream services to more sensitively and appropriately provide counselling support to survivors, and related vulnerable persons. CERP IV will extend the training sessions we have developed and d¢liver¢d in CERP III to more CHOS who are responsible for managing th¢ CHWS in districts, so that thcy can b¢tter understand to whom to refer and how best to scnsitivcly trcat cases of survivors. Due to the numbers. and budget required, it was not possibl¢ to Coordinate this across all Rwanda as part of CERP llt. which focused that work in the Western and Southern Provinces, where there are the greatest number of survivors. Through CERP IV we plan to cxtend the work to the Eastern and Northern Provinces of Rwanda, and in Kigali, as well as additional sectors in the Western and Southern Provinces not y¢t reache(L so that the training is made available to CHOS, and in turn CHWS, across all of Rwanda. Page 6

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Thc project will dcliver two training sessions to a new target of a further 200 CHOS wbo are operational across these areas - which will be delivcrcd by the counscllors of Survivors Fund (SURF) and our partners on the project. The CHOS will in turn be expected and supported to convey the training and learning to the CHWS tbat th¢y manage, so in turn that will then help inforn] and educate a further 1,500 CHWS as well. Through tbe training that will be provided directly to the CHOS (and tbrough them. indirectly to CHWS) this will extend the capacity that we are building beyond thc individuals directly involved with, and funded by, the earlier phases of CERP which will be crilical in extending the reach, and ultimately access to, counselling serviccs in the community for survivors, and rclated vulnerable persons. As with CERP Itt. we will aim to engage a far greater network of local actors through the training we will deliver to CHOS so that they are better aware and equipped to infonn and educate their CHWS to provide the support required by survivors, and related vulnerable persons, in the community a8 well as in local health centres and clinics. Critically the additional training that will be provided to CHOS will transfer knowledge to a far ￿eater network of people across Rwanda on how to effectively extend. and ensure access to, the mental health support still required by survivors, and related vuln¢rable persons. Success will be detennined by thc number survivors acce8SiDg mainstream mental health support and their satisfaction levels and effecliveness scores given in addrcssing their related issues and needs. Youtb Economlc Empowerment Project (YEEP) The Youth Economic Empowernient Programmc {YEEP) is a partnership between SURF and GAERG (National Survivor's Association of Graduate Students) to deliver entrepreneurship, work Teadiness and vocational training, and access to finance and learning resources, to empower vulnerable youth - specifically young survivors which droppcd out of school and marginaliscd second-gen¢ration survivors - and enable them to develop secure livclihoods and sustainable incomes. In so doing. this will alleviate their poverty and improve their well-being and enabl¢ them to better independently support themselves and their hous¢hold8. YEEP launched in July 2021 and concluded in June 2024, made possible through support from Clifford Chancc. The key objective is to empower vulnerable young peopl¢ in Rwanda through a programme of entreprencurship, work readiness and vocational training, and access to finance, and in so doing to alleviate their poverty and improve their wcll-bein¥. In so doing, the project will specifically address Targct 2 of Sustainable Development Goal I ,. "By 2030, reduce at least by half the proportion of all men, women and children of all ages living in poverty,. and Target 4 of Global Goal 3.. "promote mental health and well-being" We understand that young people have different ambitions for their professional life. Some wish to find training and capital to start a business, whilst others would prefer to find steady Cmployment either through a job or a trade. YEEP sceks to help principally vulnerabl¢ artd marginalised yOUDg people to navigate their pathway into work through: - Entrepreneursbip training (pathway into self-cmployment) - Work readiness training (pathway into employment) - Internship training programme (pathway into employment) - Vocational training (pathway into employment or self<mployment) Page 7

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Thc project initially focused on threc regions of Rwanda. In its first year, YEEP was implemented in the thrce districts of Kigali City: Gasabo, KicukiTO, and Nyarugenge. In the second year, the project cxpanded to the Easlern Province, targeting districts with a significant number of bencficiaTi¢S, including Kayonza. Rwamagana. and Bugesera. In its third yeaT, YEEP focused on the soUth￿n Province, specifically in the districts of Huye, Nyanza, Kamonyi, and Muhanga. The partnership between Clifford Chancc and Survivors Fund (SURS) has enabled GAERG to reach more vulnerable genocide survivors across various districts. This collaboration has providcd survivors with access to loans through a Loan Guarantee Fund scheme established between Survivors Fund (SURF) and Goshen Finance. Entrepreneurship training has empowered young g¢nocide survivors to start small income-generating activities, thercby supporting their families. This was achieved through vocational training, internships, and work rcadiness programs. As a result, the project achieved the following by its conclusion: At least 6,224 young genocide survivors (3,742 females and 2,482 males) benefited from different various components of the pro￿arnMe over the three years of implementation. 3,313 young survivors (1,784 females and 1,529 mal¢s) received entrepreneurship training. Following th¢ training, beneficiaries fornied 71 savings ￿0upS in th¢ir communities and began saving before applying for loans from Goshen Finance. Consequently, 1,684 participants saved 66,492,360 Rwf (41,558 GBP). YEEP enabled young genocide survivors to increas¢ their income through job crcation, with 951 participants starting small businesses using loans from both Goshen f4inance and their own savings. The total loans disbursed amounted to 128,423,167 Rwf (80,264 GBP). An internship program, designed at the begiDning of the project, saw 1,183 young people participate to gain new skills across various domains. Out of 799 loan applications submitted to Goshcn for evaluation and disbursemcnt, 320 businesses were awarded loans. Loan officers and project staff continue to assist more young pcople in accessing additional loans. - Over the past tbree years, the GAERG website, renovated and updat¢d with new content, attracted 137,350 visits from people seeking inforniation related to jobs and soft skills, 315 young survivors enroll¢d in vocational training ov¢r thre¢ years across various fields, including hairdressing, car driving, automobile mechanics, cooking, baking, filn]making* and tailoring. Training course duration ranged from 3 to 12 months. with the project covering school fees and scholastic materials to prevent dropouts. All 315 completed their studies. At least 251 young survivors secured jobs OT Started Small businesscs after completing their vocational training, and th08e who have not yet started bu8in¢s8es bav¢ been linked with Goshen Finance to fmance their business ideas. The project trained 1,413 young survivors in the work readiness program, hclping them to write convincing Cvs and application letters. This addressed a common issue among genocidc survivors, who often Struggled with application writing. As a result, 224 young survivors secured int¢rnships in both private and public institutions, and 158 of th¢m obtained employment, enabling them to financially support their families. A ￿rther 98 participants secured cmployment through jobs created from the small businesses set up by project participants. Young survivors have testified that the project has significantly improv¢d their lives. Those with families have manag¢d to send their childrcn to school, pay for scholastic mat¢rials, and meet their basic n¢¢ds. On¢ lesson l¢arn¢d is that providing entrepreneurship training b¢fore loan applications offcrs a more compr¢hcnsiv¢ understanding of the purpose of loans and how to use them cffectivcly for plann¢d busin¢sses. Page 8

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR 31 DECEMBER 2024 the past three years, the project has restored hope for the futurc in many young survivors who were in despair 30 years after the genocidc. Achieving financial stability and self-sufficiency has fostered hope among th¢ most vulnerable survivors in the communities rcached by the project. By thc end of thc proj¢ct, th¢se young survivors are now able to plan for the future and rccognise other opportunities availabl¢ to thcm across the county. Innocent * Innocent is one of the young survivors who participated in the entrepreneurship training and received a loan from Goshen Financc to start a Sn￿]1 business generating income. "l am 33 years old, maTried with one child. I attended school up to university and hold a bachelor's de￿ee in rural development. Aftcr my graduation, I thought I would easily r￿d a job, but things turned in a different direction. Life became so complicated that I considcred leaving home to avoid seeing my family go to bed without eating. I got a part-time job at a salon, but )ny salary couldn't even cover household cxpens¢s. "I got th¢ chance to join YEEP and attended entrepr¢n¢urship training for thr¢¢ months. Afterward, l applied for a loan from Goshen Finance and secured 500,000 Rwf (313 GBP) to start my own bu8in¢&8, Having worked in a salon for a long time, I bad the experienc¢ of how salons operate and what to do to mak¢ good money. I started my own Salon, and now my monthly income is 300,000 Rwf (188 GBP) after all exp¢ns¢s." Sophia Sophia is a 31-year-old genocide survivor residing in th¢ Kicukiro sector of Kicukiro Di8trict. She is married with one child and ￿adUated from university with a degrec in finance in 2021. Beforc joining YEEP, Sophia faced unemployment, a common issue among young survivors, and struggled with social issues such as food insecurity and the cost of renting a bouse and rneeting basic needs. Upon joining YEEP, she received support to enrol in vocational training (TVET), where she acquired skills Én pastry making. Thes¢ Skills have enabled her to secure ernployment in her newfound field. Currently, Sophia works at AKARYOSHYE Coff¢¢ Shop? earning 80,000 Rwf (£50) monthly. This income allows her to fulfil her duties and contribute to her family's w¢lfar¢. She is now able to pay for food. housing, and s¢hool materia18 for her child. Looking ahead, Sophia plans to start her own pasty-making business, using the skills and expcricnce she is gaining to ensur¢ its SUCC¢SS. "I am very happy today. Now I can start thinking about my futurc after completing my vocational training. I suffer¢d a lot due to unemployment. Aft￿ graduating, I expected to hav¢ a well-paid job and plan for my life, but things went in the wrong diTcction. After two years of being jobless, I got the chance to join YEEP and decided to go back to school to learn pasty making, which I love, Now, I am one of those who have complet¢d the training and now have 8ecur¢d a job. My plan is to acquire expertise OVLY the next three years while saving some money, then to start my own business. Today, I no longer need to ask anyone for money to meet my basic needs since I am paid monthly. I thank SURF and GAERG for bringing this project to support young genocide survivors in finding lifc again.. Youth Entreprelleurship Support Project (YESP) YESP is a on¢-y¢ar follow on project to our Youth Economic Empowcrnient Project (YEEP) to ensure that specifically those young people which have completed entrepreneurship training can continue to access assistance from the project team to successfully start-up their businesses, which runs from July 2024 to June 2025. Page 9

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 To date, of those trained, 887 young people have set up businesses. Of that number, 711 have applied for loans from our miCrof￿allce partner. Gosh¢ll Finance, through our Loan Guaranlcc Fund facility of whi¢h 256 hav¢ been award¢d funding, totalling RWF 70 ]nillion (c. £44,IK)O). The T¢payment rate currently stands at 920/0 which is t¢stsment to the thorough due diligence process that is undertaken in assessing business plans and applications for funding - as wcll as th¢ continued support that the project team provides to the clients to ensure the success of their busin¢sses and their ability to meet the r¢paymcnts. There are currently no defaults on any loans disbursed, but there arc a small number of participants which have required extensions on repa￿ent to enable them to have additional time to generate the revenue from their businesses to repay th¢ loan8. The Loan Guarantee Fund is structured in such a way that once a loan is repaid, the capital is recycled to provide a new loan to another participant in the prO￿arnme. Due to the nature of some busAnesses that are set up, the repayment date maybe some time after the award of thc loan to provide sufficient time for the yOUDg entrepreneur to successfully 8¢t-up the business and for it to mature enough to generate the revenue to make the repayments. In addition to the loans, a number of participants have used their group savings to ￿nd their businesses. The participants are forni¢d into savings groups during their initial training, and between th¢m contribute money towards a group Savings account which can b¢ disburscd by mutual agreement to mcmber8 of the group who are eithcr awailing a loan, or do not yet feel ready or confident enough to apply for a fornial loan through Goshcn. As such, the additional grant will then b¢ used to fund Community Business Dcvelopment Assistants who work acro88 the three project areas (Eastern and Southern Provinces of Rwanda, and Kigali) and the IGA Officer who coordinates their work and provides additional expert assistance. Funding for transport and communication (airtime) will also be used to ensure that this cor¢ t¢am can undertak¢ the outreach to visit the young ¢ntrepreneurs, as well as to maintain constant and op¢n contact with them to Cbeck-in on their pro￿¢$$ and to provide ad-hoc guidance as required. With sustained support young entrepreneurs as their businesses develop can build up the credit record and th¢ confidence to then be taken on as independent clients of our microfinanc¢ partners. Success will bc delerniined by the number of active busincsses by th¢ end of YESP and the 8USt¢ntion of the current high repayment rate. for the project participants, success will be assessed by the revenue that their businesses arc generating, tbe income that they are earning from them, and the positive impact that this is delivering for their well-being as well as for their hoU￿hOld and family members they 8UPPOrt. Longer-terni as the project prO￿¢s$eS, we will expect and track the number of businesses that are securing funding through independent channels, as well as the value of that capital. Ln addition to the livelihoods that the businesses will provide for the young entrepreneurs, we are already seeing from more mature businesses 8¢l up in the earlicr phases of YEEP that additional employment is generated for other young people which amplifies the impact of the projcct. Young Survivors Counselllng Project Thousands of youthfi]I survivors of the 1994 genocide are only now confronting the horror of s￿Ing their families muTdercd. struggle to mak¢ ends meet, alon¢ and vulnerable, prone to depression and hopelessness. Page 10

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2024 Through support from our partner Network foT Africa (N4A) we are working with AERG to train counsellors who in turn train local pcople to becomc counsellors. The counscllors are themsclvcs survivors who have endured trauma, so they are familiar with the challenges faccd by p¢opl¢ with depression and other mcntal health issu¢s. The counsellors are coordinated by SURF Senior Key Worker, Emilienne Kambibi. During 2024, support was provided to the youth who survtved the 1994 Genocide against the Tutsi, in the two districts where the project runs - in Rwamagana District in the Eastern Province and Huye District in the Southern Province. The purpose of the activities was to treat trauma symptoms and related psychological problems by building resilience, positive thinking together, and working for a better future. At the start of 2024, Network for Africa's (N4A) staff coun8cllors recruited 300 participants from Rwamagana District and Huye District, 113 of whom were male and 187 females. The participants were classified into 12 groups according to their sectors. The sectors were mainly in the Southern Province in the Huye district, Tumba (A&B), Ruhashya (A&B), Rusatira, and Mbazi and in two sectors (Munyaga and Gaheng¢li) of the Rwamagana District in the Eastern Province. Twenty-four peer support couns¢llors (PSCS) 12 rnal¢s and 12 females were selected to be tr2in¢d in trauma counselling for 4 days and how to lead their groups during the year. Baselinc and endline surveys were conducted with 60 participants (24 males and 36 f¢rnales) and 8 (4 males and 4 f¢males) key inforniers wcre interviewed at the stait of counselling services and its end. 262 group counselling sessions were conducl¢d. 117 participants (38 males and 79 females) were helped througb individual counsclling in the fourth quarter of the year 2024 alone. In the 2024. counsellors joined with participants to remember the Genocide against the Tutsi on the 30th conjmemoration, to remember their families on different sites. 35 participants (30 females and 5 males) faced a trauma crisis, but all recovered. 37 hom¢ visit sessions were provided by counsellors for family thcrapy. Contlict resolution, and psychoedu¢ation was made available to 24 participants (5 males and 19 females). During the different visit sessions, PSCS visited ￿0Up members 322 timcs at their homes. Community awareness in secondary schools was provided to 869 students. The purpose was to give them knowledge about mental hcalth, prevent drug abuse and antisocial bchaviours. The evcnts were also attended by 93 parents who also bencfited from talking about how to managemental health issues and family conflict. An additional 1,033 people in the communiiy were sensitized about mental health issues. PSCS help¢d 73 families in the community with unresolved conflict through resolution. Fifteen cases were resolved by Counsellors. These conflicts werc rooted in negative use of the family property (lands), infidclity, thwg abuse, and neglect of duty. B.C* B.C is 39 years old illegally married man with one child. He complcted only primary school. He lives with his mother, his father. Hc lost many m¢mb¢rs of his family during the 1994 Genocidc against Tutsi. Aftcr completing the counselling 8roup. he was ask¢d how he felt after onc ycar in the couns¢lling group. 'Wh¢n I fIrst joined the group. I didn't know what I would gain from it. On my first day in the ￿0up, I f¢lt ashamed because I was dirty and drunk. I was surprised by the warn) wclcome I received. which encouraged me to com¢ back in the following sessions with cl¢an clothes and without having drunk. Pagell

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 "J received help because I couldn't sleep well. I had nightmares that woke me up suddenly, I was always on edg¢. I used to carry with m¢ a sÉick and stoncs for sclf-dcfence. I often quarrelled with my mothw, demanding property to sell foT alcohol. I neglected my family (my wife and child). and my friends were only thosc I drank with. After recciving coun8ellin& I began a journ¢y of transfornlation. I reduced my alcohol consumption, and peac¢ T¢tun]ed to my family. Now. I take car¢ of myself, maintaining personal hygi¢ne and wearing clean clothes. I￿e made new fiiends from the group who don't drink and support me in my journey. I no longer carry ston¢s and ty to return home early. Though I haven't fully recovered, I beli¢ve I will. because Iln d¢tennin¢d to changc. I realized I lost so much and am ready to fight to regain what I've lost." B.C bas been encouraged to reach out to his group mcmbers for support or call SURF'S toll-free hotline for counselling to continue his journey whenever he feels unwell, as he still needs assistance. Youth Entrepreneurshlp Tralnlng Programme (YETP) Entrepreneurship can play a transformative role in helping young gen￿ld¢ survivors in Rwanda to overcome ¢conomic and social chall¢ngcs. For these survivors, entrepreneurship offers both a pathway to economic self-sufficiency and a m¢ans of healing from the psychological and 80¢ial effects of the genocide. Entreprencurship provides an alternative to unemploymenl and underemployment. helping young genocide survivors create jobs for themselves and potentially for others in their communities. Starting small businesscs allows survivors to generate income, br¢aking cycles of poverty and dependcncy on external aid. Entr¢pr¢neurial programs can provide valvable skills such as financial literacy* business planning. and market analysis. These skills can be transferred to various Other sectors. broadening future opportunities for survivors. Being able to provide for themselves and contribute to their community can rcstore a sense of dignity and self-worth to young survivors who have often been marginalized or stigmatized. Many entrepreneurial iniliativ¢s encourage ¢ollaboration and tcamwork, fostering a sens¢ of ¢ommunity among survivors. This helps them rebuild social conn¢¢tion$, which are essential in the aftemath of genocide. Engaging in rneaningful work and building something of their own Can s¢rv¢ as a forn) of psychological healing, allowing Survivors to focus on the fvture rather than dwelling on th¢ trauma of the pa8t. This year, 424 participants were trained in small business development for young entrepren￿rs. Partnered with p5ychoeducation, our 51 participants {34 males and 17 females) created small businesses, including 25 who havc accessed loans from our microfinance institulion partner on the project, GoshcD Finan¢e, with 26 leveraging loans from their saving groups. Businesses cstablished include bicycle taxis and couriers, vegetabl¢ farniin& tailoring. phone repair, market kiosks, grocery, mobile money transfer8, and small livestock ventures. 44 group members were successful in finding employment (20 malcs and 24 females). In total, Since this component of the project was started up in 2022, 713 young people have completed training and 95 loans, wilh a total value of19.5 million FRW (£10,615) have been disbursed to them through our partnership with Goshen Finance. Emm&nllel * Ernmanuel is among the genocide survivors who participated in thc coUn￿lI]ng sessions through the p¢er group counselling. He lives in Southcrn province of Huye District. H¢ also was accepted to participat¢ ID the entrepreneursbip program through which hc r¢ceived small business training. "l am very happy today in the level I have acbiev¢d, and I cannot CApress my gratitude. Before joining the counselling sc5sions, l used to take a lot of alcohol and other drugs including cannabis. But aft¢r attending the couns¢lling sessions I have stopped everything and started planning for my future. Page 12

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR El￿ED 31 DECEMBER 2024 "In the sessions, we learnt about setting goals, and from that time I stopped drinking and since then I have been focuscd on my future life. I had 20.000 Rwf (£1 l) as saving and started selling pork mcat. SURF helped me through the application proccss with Gosh¢n and I secured a loan of 500,000 Rwf (£275) to scale up my business. Business is pro￿¢s$Ing vcry well, and I have started repaying back the loan. I have a plan to make it bigger and. in the future, I will have my own hous¢ not renting it for my busine88. 1 am very detern]ined, and I b¢lieve I will succeed" Good Glft8 Project Through fLmding from the Good Gifts Catalogue, an initiative of the Charities Advisory Trust, we have cxtcnded our support to thousands of widows and orphans that are beneficiaries of our ongoing livelilioods Pro￿aM, enabling thern to bccome more independent and self-sufficient. Survivors Fund (SURF) aims to alleviate the impact of poverty on vulnerable survivors by strengthening th¢ir families to secure viable liv¢lihoods. The funding from Good Gifts helps to s¢t up inGome generating proj¢¢ts which empower communities to fight poverty and take more active role in det¢rn]ining their lives. Many survivors have been supported, receiving livestocL agricultural materials, solar lights and cookers. meals for schoolchildren and much more. Thc support from Good Gifts has played a significant role in cnabling us to empower vulnerable survivors and their dependents. The livelihoods programm¢ has helped bcneficiaries to improve their lives. For example, those that have received solar lights and clean cookstoves are making savings for their households a8 they are no longer spending on kerosenc. as well as saving time used to collect firewood. For that support they) and wc, are greatly appreciative. Amongst the gifts we have donated this year are: Cows for Survivors Tn Rwanda, the $i￿1fiCanCe of owning a cow for genocide suryivors 18 rooted in economi¢, social, and cultural dimensions. Thi8 importance largely aligns with the Rwandan government's Girinka ("One Cow per Poor Family") program, which aims to support th¢ welfar¢ and empow¢nn¢nt of vulnerable populations, including genocide survivors. In Rwandan culture, cattle have long been syinbols of wealth and social status. Owning a cow not only elevates a survivors, standing with the community but also re-cslablishes a sense of di￿lty and pride. This is crucial for emotional and psychological healing, especially for survivors who went through the tragedy of genocide. Margarita is among the genocide survivors from Karongi District who bencfited from receiving a cow by Survivors Fund (SURF) through the support of Good Gifts. 'You know very well that a cow can provide milk, which can improve the nutrition of household and be a source of incom¢ through sales. Milk and dairy products offer a steady food supply, helping to figbt malnutrition and providing a source of income that can be used to support other basic needs. Cows contributc to sustainabl¢ farming practices by providing manure, which can be used as natural fertiliscr, and improv¢s soil fertility and crop yiclds, enhancing food s¢curity and income from crop sales, espccially valuable in rural Rwanda" Page 13

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ETrIDED 31 DECEMBER 2024 The sjrnbolic gift of a cow represents compassion and carc from the government and community. offering survivors a rcnewed sense of hope and purpose. This sensc of support Can be instrumental in aiding m¢ntal h￿1th rccovery and providing a vision for a more s¢cur¢ futurc. Climbin Beans Climbing beans, or ibishyimbo by'imikonde in Kinyarwanda. arc a significant staple crop in Rwanda. It IS known for its high yield, nutritional value. and suitability to Rwanda's bigh-altitude, mountainous teTrain. Climbing beans have been particularly instnunental in food security and income generatlOD for smallholder farniers in Rwanda. Climbing beans are rich in protein, iron, and other essential nutrients, which are crucial for the local diet, especially in rural areas where access to divcrse foods rnay be limited. As a crop with high yields and nutrient density, climbing beans play an esscntial role in figbting malnutrition and supporting food security across the country. In ternis of economy, climbing beans provide a valuable income source for smallbolder farnlers, who 8¢11 surplus produce at local markets. Geovani is one of the fanners who b¢n¢fit$ from selling the b¢an8 after the harvest. Geovani is one of the fann¢rs from the northern part of the country who has decidcd to cultivate this kind of beans in his village. Thc main reason for choosing climbing beans is because of their favourable ability to produce high￿ yields than bush beans and grow vertically and making efficicnt use of limited land space. In a good season, Geovani is able to harvest 200kg per season. 0.50p per Kg, which makes him £93. Survivors Fund (SURF), through Good Gifts support, has enabled GeovaDi to expand his farniing and do it in a big landscape. have decided on this type of bean, simply becau8¢ our country is a hill landscape, and farn)¢rs have adapted terracing methods that help retain soil moistur¢ and prevent erosion, this has provid¢d an idea of growing climbing beans. Another reason is that this type requires relatively low l¢v¢ls of fertilizers and are resilient against many Common pcsts, making them accessible for small-scale farn]ers, "Before, I used to harve8t bctween 40 kg to 50kg in a season, but Survivors Fund has support¢d m¢ and given seeds, fertilisers and tcchnical support to make 200 Kg per season. I am very ￿ateful for the 8uppor¢ and I will continue expanding my farniing to the bigger landscape" Various agricultural programs in Rwanda focus on improving climbing bean varieties. providing training to farniers on oplimal planting techniques, and increasing access to quality secds. Good Gifts is contributing to the government'8 priorities by providing the seeds and technical advice to the farnlers to cultivate climbing beans and be able to support sustainable practices, improve rcsilience to climate change, and ultimately InCr¢a￿ yields to support fo(yd security and economic development. School shoes Shoes, represent a simpl¢ y¢t powerful tool for brcaking down educational and social barriers. fostcring a healthier, more dI￿lfied, and inclusive environment for all students. especially those from low-income backwunds. Without shoes, students are more susceptibl¢ to infections. parasitic disc￿8 (such as hookwonn), and injuries from Tough or unsafe walking surfa¢¢s. Page 14

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Shoes, also, protect children's feet from harsh weather. rough terrain. and dangerous objects. For students in rural areas who may havc to walk long distances to school, shoes are essential for safe, consist¢nt travcl to and from their cducation facilities. In many communities. having proper shoes is often a requirement for school attcndance. Proper footwear can Si￿lfiCantlY Teduce these health risks, Icading to better overall well-being and fewer health-related absences from school. Bugesera Primary School is among the schools In Rwanda which presented a large number of young sludents who are coming to school without shoes while walking a long distance. On the donation of shoes to the students at tbe school, the headteacber commented: "We have over 200 students who are suffering from not having shoes, most of them are coming from poor families where they cannot afford the shoes for their chil(tren, instead of them missing schools they prefer walking barefoot. We that& you very much for the donation of 100 pairs of shoes which will be given to the poor students. They will attcnd classes regularly and be able to move from one place to another without difficulties walking." Providing shoes removes a barri¢r for students whose famili¢s may 8tru¥gle to afford them, leading to higher attendance rate8 and more consistent learning experiences. When Students have suitable footwear, they are more Comfortable, which enabl¢s them to focus better on their studies instead of worrying about injuries or cold feet. Thi8 improved comfort can lead to ￿eater engagement and academic performance in th¢ classroom. Bic Bicycles can be a powerful tool for young genocide survivors in Rwanda to develop sustainable businesses through transport and delivcry servic¢s. Bicycles can enable young survivors to establish affordable transport service8, commonly known 88 boda-boda or bike taxis. This servi¢¢ is essential in both urban and rural areas, a8 It provides Iow-COSt, ¢¢o-fri¢ndly transportation. This helps g¢n¢rate steady income and promotes local mobility. With th¢ growing demand for delivery 8¢rvice8, cspecially in urban areas, bicycles can be us¢d for &n]all-scal¢ courier businesses. Young survivors could partner with local shops, restaurants, and onlin¢ vendors to offer delivery options. For young survivors in rural areas, bicycles will allow thcm lo transport goods like crops, produc¢, and other Products to local markct8. This accessibility helps expand thc farn]ers' busincss reach and boosts sales. Bicycles have low operating costs as a business, and require minimal maintenance, and as thcy do not require fucl, tbey provide a sustainable, scalable way to start a business and achieve financial stability for young survivors. One of the many beneficiaries of the programm¢ is 08ward from Muhanga District in the Southern Provincc, who commented: "I cannot express my happiness after receiving this bicycle. After I finished high school, I could not get a passing ￿ade to allow me to attend university. Since then, I have seen no direction in my life. I have attempted suicide s¢v¢ral times as could not s¢c my bright future and thinking about my family I have lost during the genocide against the Tutsi. I havc T￿CiVed mental bealth support through SuTvivof8 Fund peer counselling group, and now I am fceling like a valuabl¢ person in my community and my county. This Bicycle is going to help me make money tljrougb transportation and get small money to Support my family." The support of Good Gifts has enabled Survivors Fund (SURF) to buy bicycles for many young geno¢id¢ survivors such as Osward, who are usin8 them to gen￿at¢ incorne to enable them to better look after themselves and th¢ir families. Page 15

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Foundatlon Rwanda Programme Through funding from Foundation Rwanda, SUTVIVOTS Fund (SURF) is currently addrcssing the education and counselling needs of young people conceived through rape during and under circumstances directly related to the 1994 genocide committed against Tutsi in Rwanda. The challenge for th¢ affect¢d rnothers and children is that FARG, the government body that assisls vulnerable survivors of th¢ genocide, does not consider tbc5c young people eligible for support becau￿ they were born after genocide and thus are not by definition survivors. However, they ar¢ recognised to be a particularly vulnerabl¢ and marginalised population. Since Foundation Rwanda's inception in 2007. Survivors Fund (SURF) has been the key partner in providing life-changing services to the Foundation Rwanda families, which has helped more than 1,700 women and their offspring. Unemployment is at a high rate in Rwanda, especially among young people. Technical and Vocational Education and Training (TVET) has been a principal solution to address youth un¢mployment because graduates Wlth a trade are more easily able to start their own businesses, create job opportunities and sustain thcmselves and their families financially. In 2024, 26 new youth were 8UPPOrt¢d to access TVET tbrough funding for relevant courses and pro8rammes. Even though Foundation Rwanda have supported many young pcople to attend TVET COUTSCS and over 486 of them have graduated with adequate knowledge and ski118, many of those ￿aduate,8 face unemployment challenge and do not have the capital to start their own businesses. To address this challenge, Foundation Rwanda has set up a Small Business Innovation Fund prograrnme to provide capital to youth who want to start small businesscs. In 2024, 17 youth have bccn sponsored to start their own businesses and there is a plan to support morc youth in the near futur¢, Th¢ students who have grown into inspiring, hop¢ful young adults now fa¢¢ the challenge of s¢¢uring jobs or attending university while grappling with the circurnstances of their birth and the l¢ga¢y of trauma. SURF r¢mains committed to continu¢ implementing Foundation Rwanda's progra￿8 with our local partner organizations, Solace Ministri¢s, Kanyarwanda, and AVEGA Agahozo. N.H. is a 30-year-old woman and mother of thre¢ cbildren. one of whom was born bcfore her marriage. She lives with her mother and two brothcrs. N.H. herself was born as a result of her mother being raped during the 1994 Genocide against the Tutsi. Bcfore participating in the youth camp, N.H. faced significant life challenges, including ￿nOtiOnal and verbal abuse from h¢r husband, which left her unable to speak openly or assert herself in public. Her participation in thc youth camp marked a turning point. Tbrough the support of coun5elloTS and the shared experiences of other young survivors, she found the couragc to speak about her life and the strength to begin healing. "When I returned home, I f¢Lt cmpow¢red to confront my challenges. Though my relationship with my husband worsened, I was no long¢r afraid to seek help. I reached out to the local health centre, as we bad been infornicd during the camp about the availability of mcntal health profcssionals in the community. This support madc a huge difference in my life I can now slc¢p peacefully, and l am no longer ovenvhelmed by my husband's verbal abuse. Attending the Youth Camp again gave me renewed strength. I no longer experience suicidal thoughts. I feel a Strong sense of responsibility and purpose-for myself and for my children. Page 16

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 My relationship with my family has also improved. One of my siblings now visits me regularly, and we are abl¢ to talk peacefully. My mother is also recciving support through a counsclling group and w¢ are r¢building our relationship after years of ¢onfii¢t. I have also built meaningful friendships with otheT young people from the camp. We stay in touch, and when I miss them or need someone to talk to, I know I can call. I've started saving money and making plans. If my husband's mistreatment continues, I now feel confident in my ability to support my children and myself independently. I no longer see ending my life as the only way out. Thank you for helping me find purpose and hope for a bctter future." Communlty Coun$elllng Initlatlve (CCI) Through counselling for women victims of genocide rape, Survivors Fund (SURF) and Foundation Rwanda have provided counselling in a well-8tructured peer support approach to over 850 mothers through our Community Counselling Initiative. Of these, a furth¢r 50 received counselling during 2024. The proj¢ct includes in-depth monitoring and evaluation, surveying the women before, during and after working in the counselling groups. This provides the ability to track the changes in their circurnstances and monitor th¢ir wellness. whilst also providing f¢edback to ensure that the counselling groups are having a positive impact and are helpful to the women. The8e women, who were previously marginali8ed, stigmatised and alone in their trauma, can build their confidence and self-esteem, increase their knowledge, enhance positive emotions and reduce sbame. The ounselling groups also helped to improve relationship8 with their children and family. Since 2016, we have ext¢nd¢d the approach of group counselling to develop community counselling for the children of the women Survivors too, as youth born of rape fa¢¢ great challenges related to trauma and 80cial stigma a8 well. They are d¢5¢rib¢d as carriers of 'deviant genes" and are often marginalised in their families and communities. In instances o¢¢urring during wartime, many societies have adopted hateful labels such a8 "children of Shame" or "children of bad m¢rnory" Many mother8 are Starting to speak out against the negative perceptions and stigma associated with children of rape and disclosing to thcir children the circumstances leading to their birth. Many mothers attest that after disclosure the childrcn now youth, need psychological support. The youth retreats in 2024 brought together 36 youth to receive ￿ollp counselling, reproductive health training and career guidance. This has provided vital support and assistance otherwise unavailablc to them. M.G M.G. is a 46-year-old marri¢d woman living in the Rwinkwavu sector of KayonzA District. Shc is the mother of fiv¢ children. Her eldest child was born as a result of rapc during the 1994 Genocide against thc Tutsi. She shared: "Joining this group was the first time I m¢t others who shared similar lif¢ ¢xpcri¢nce8. For many years. I f¢lt deep shame and avoided connecting with other genocide survivors because I had given birth to a child fathered by a p¢rpetrator. I was often subjected to hurtful remarks about my child, which made me feel isolatcd and unworthy of belonging in survivor spaces. I struggled with sadness. insomnia, pcr8iStent headaches. and a constant tightness in my throat that I believed had caused a goitre. Page 17

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Initially, I remained silent during group sessions, but as I listened to the stories of other women with similar cxperi¢nces and pain. I slowly began to opcn up. It felt like a heavy burden was lifted from my heart - a heart that had held sorrow in silence for so long. I am deeply grateful for thosc who listened to me and awepted my story, however difficult it was to hear. This ￿ollp not only supported me emotionally but also ¢nabled my child - after 29 years of isolation - to connect with oihers who share a similar history. I now have friends. I feel relief. I no longer havc to carry these burdens alone, and I have learned that it is okay to seek help when I need it. Participating in this group has helped me immensely. For the first time, I was able to publicly 8harc my testimony during the 30th commemoration of the genocide. After years of silence, I can now spcak about what happened. I had neglected my health and avoided seeking medical care, feeling as though death would be a release. But today> I am receiving treatment for goitre, and I have renewed hope. I have rediscovered a love for life. In short, I feel as though I hav¢ com¢ back from the dead., Legal and Counselllng H¢lpIine The Legal and Couns¢lling Helplinc (Helpline) was established in August 2013 as a partnership between Survivors Fund (SURF) and AERG to fill the gap in support for young Survivors of the genocide against the Tutsi with legal and mental health challenges, and other related vulnerable young persons, so that they can access support regardlcss of where they are located in Rwanda. Funding for thc Helpline has been contributed principally by INSPIRE!africa. By providing legal and counselling support services countrywide, thc Helpline filled a necessary gap in support for vulncrable young people with outstanding legal disputcs or suffering from trauma. This is one of the only free and accessible services for those unable to afford to take their legal cases to court or lacking the confidencc or ability to find someone to talk to about a mental bealth issue. In addition to providing t¢lephone-based support, the helpline also has field staff who conduct outreach and provide support to clients through legal education and orientation, advocacy and repre8entation in court. The Helpline was launched with the intention of prirnarily providing telephone-based support. However, due to the demand for legal and a counselling support, the helpline has grown from a Sn￿1] pilot tel￿hone-ba$ed service to an innovative, all-encompassing legal and counselling support service, which includes outreach visits to schools and universities to raise awareness of legal rights, as well as th¢ S¢TViC¢S available through the helpline, to young p¢ople acr088 Rwanda. Since its launch in 2013, the service has 8UPPOrted over 3,1X)O young people to reclaim assets with a value of over Rwf I billion (around £750,000). Lfiberatbe . "We are very happy and thankful for SURF and its partner INSPIRE!africa for thc Icgal aid service provided to us, as we had no moncy to pay for our lawyers. It has been very helpful having legal support and now we got back our land and property through legal support provided by the helpline lawyer. The property value is given to be about $25,000." Reaching Rwanda Sandhurst School has been running its ground-breaking Reaching Rwanda project in partnership wÈth Survivors Fund (SURF) since 2008. Pioneered by th¢ Sandhurst School Dcputy Head Samantha Hunt, who 18 also Chair of SURF. the Reaching Rwanda proj¢ct has worked extcn8iv¢ly in Rwanda by linking UK school students with survivors. Page 18

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2024 The project has three main aims: To inforni students about the Genocide against the Tutsi in Rwanda and of thc continued plight of survivors today. - To connect students with genocide survivors and enable them to become friends. To enable students to become actively involved in improving the life chances of genocide survivors and to stt the difference their efforts make. The young people of Sandhurst School arc highly engaged in supporting survivor8 of the 1994 Rwandan g¢nocide thanks to the efforts of Samantha and its dedicated teachers. SURF Chair, Sam Hunt MBE, who developed th¢ cducational programme and led the first visit in 2010 in her professional role as Deputy Headteacher of Sandhurst School, continues to coordinatcs the prograrnme today. As of 2025, Sandhurst School students and local community volunteers have madc elevcn visits to Rwanda through the project. An enduring relationship for survivors and the school is now in place with regular zoom calls between the students and the survivors. Students have been 80 moved through their experience and have supported the project raising approaching £350,000 for genocide orphans. Devoted to improving education and livelihoods across Rwanda the project has in particular supported tarama Survivors Village, in Bug¢s¢ra, Eastern Province. A further two visits are planned in 2025 in February and July. Each participant will bring with them gifts donated by themselves and well-wishers, including tOy8. educational materials, and toiletries which wcre distributed to hundreds of children that the project supports. Phllly's PIAce CcDtral to the Reaching Rwanda programmc is Phill s Place, a unique children's centre which opencd in 2020 through the funding and support of donors to Reaching Rwanda. The centre is equipped with 2.5 tODn¢s of the best ¢ducational equipment from the United Kingdom, including 4,300 books, donated through the Reaching Rwanda project. Phillvs Place offers free tuition in Kinyarwanda, English, maths and science, technology, art, music, drama, sport and dance, as well as teaching valuable skills like sewing, knitting and beadcraft to over 1,000 local children of all ages. Th¢ aim is to provide full, learning experiences for childrcn in the Bugesera area in after school programmes as well as every Saturday and throughout school holidays in order to support children's learning by providing exciting, enriching experiences to children of all ages. All services are provided to the children free of charge. Th¢ centre is over nm every week and is becoming an important community hub. To date the centre had been running from temporary hired premises, but in 2024 a new purp05e-built pernianent centre was opened for young people in and around Ntarama. SURF Chair, Sam Hunt MBE, conceived of the idea for the centre, which is named in honour of her grandmother, Philly. It is testament to her vision, and her tireless fundraising, as well as the dedication of our SURF Rwallda team in hcading up the construction work, that has brought to life the centre which will provide an incrediblc opportunity for bundreds. and over time thousands, of children and oth¢rs in and around Ntarama. It is an arca and community with which Survivors Fund (SURF) has a long*stablish¢d connection, baving first built housing for survivors there with the support of Comic Relicf. and then latcr (wÉth the support of Network for Africa and others) a Health Centre which continues to run succ¢ssfully under the management of our partner AVEGA. Page 19

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Phill￿8 Place has come to fruition through thc support of hundreds of individual donors, many of which are rcaders of this newsletter - so for your support, we are most grate￿1. And we extend thanks as well to the hundrcds of students and parents and teach¢TS at Sam's school, Sandhurst School, and oth¢rs that havc visited Rwanda througb the Reaching Rwanda prO￿amMe and donated items to the Centre, as well as raising funding to contribute to the build. EducatlOD Education is a fundamental right that enables people to break the cycle of deprivation and poverty. Survivors Fund (SURF) supports access to university education to 40 students, and funding for school materials for a further 40 students, being brought up by genocide widows through funding by INSPIRE!africa and the Rcaching Rwanda project, In addition, through funding principally from Foundation Rwanda we are providing 26 young peopl¢ with access to Technical and Vocational Education and Training (TVET). This r¢lieves the burden of widows, who struggle to bring up and provide financial support to the young people in their care. Also, many young h¢ads-of-houscholds have dropped out of school to look after th¢ir younger siblings, and we give them a chance to atlcnd school. Many students have no school or uDivcr8ity materials, most of them have to walk long distances to attend their places of study, sometimes Flungry because they cannot afford rent near university and meals. It is important to provide allowances for transport and meals for such students. Education remains the most important route out of pov¢r¢y. Foundation Rwanda is providing support for accommodation and meals to 15 students in need. Shelter A home is a safe place to be for most people. Many survivors lost their homes during the genocide, many received houses from government and NGOS after the genocide. Nearly 30 years after the genocide, many of the houses are now dilupidat¢d and in dire need of renovation. In order to rebuild a sense of di8nity and to provid¢ a peaceful environment that enables survivors to deal with their day-to-day needs, during the year Survivor8 Fund (SURF) renovated 4 houses for widows and youth-headed households with support from INSPIRElafrica and our Reaching Rwanda proj¢¢t. Page 20

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGJC REPORT Acbievements and performance Group Analysis Training Over tbe course of 2024, a group of professional counsellors in Rwanda had the opportunity to participate in a special international course delivered by tb¢ Institute of Group Analysis (IGA). Originally started by Justin Phipps, MJ Maher, and Anne Morgan, the prO￿amMe has seen transforniative owth since its inception. Anne Morgan, who dedicat¢d her time and energy to the training, retired three years ago, and at the most recent training session in Novcmber, we bid a heartfelt farewell to MJ Maher, who as concluded her decade of invaluable contributions. Wc are deeply ￿ate£ll1 for her commitment and the expertise she brought to the pro￿arnme. Justin Phipps, the last of the original trio, continues his pioneering work with two new colleagues, Krisna Catsaras and Frederica Brooks. We extend our sincere appreciation to Justin for bis vision and dedication in bringing this training to Rwanda and warnily welcomc Krisna aud Frederica as they help shape the prograrnme's future. The paTticipants are all mental health profe88ional8 from 9 different organisations including ARCT-Ruhuka, Sociothcrapy and SURF'S local partner organisation, AVEGA Agahozo. The training wilj belp the participants to use groups to help people with mental health and emotional con¢¢rns across different parts of the county where these organisations are operating. Participants are now able to: - Reco￿18¢ the effect of group d￿arnI¢S upon self and othcrs Have In¢￿ased self-awareness and self-reflexivity - Understand group dynamics from a Group Analytic perspective - Recognise how group dynamics relate to tbe context of the setting - Recognise and usc theoretical language and concepts specific to Group Analysis - UndeTStand the meaning of fundamental Group Analytic tem - Understand p8ychoanalyti¢ theory in relation to group development Understand how context impa¢ts upon ￿0￿p dynamics in clinical and orsanisational settings - Link Group Analytic theory with praGtice Group Analysis is a powcrful therapeutic medium that focuses on the relationship between the individual and the group, emphasising the essentially social nature of the human experience. As a method of treatment, group analysis offers an approach that recognizes how emotional, behavioural and psychological phenomena emerge in the context of our social groups. Carefully constituted analyti¢ groups have a long record of helping people with personal problems and in promoting personal development. The need for cholo ical ￿sU Lort in Rwanda is great as a result of the genocide and yet there is a limited number of qualified and experi¢nced psychologists. This training has enabled the counsellors to acquire skills that will improve their mental hcalth support scrviccs to th¢ peoplc of Rwanda. and in particular survivors of the genocide. This is one of a numb¢r of courses that the IGA has delivered in Rwanda since our partnership began ill Novembcr 2014 after it was identified that psychologists and professionals working in mental health would benefit from training in therapeutic groups. To date, 16 participants are attending the IGA Foundation Coursc. of which 10 have subsequently are in the Interniediate Course and 4 in the Qualifying Course. Pag¢21

sUR￿VORs FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIVIBER 2024 STRATEGIC REPORT Flnanclvdl review Summary Despite the continuing challenges of fundraising, 2024 proved the fmancial r¢silience of Survivors Fund (SURF), as we ensured to control our ¢xpenditure in light of falling income, whilst still dclivering the same level of support through our network of local survivor's organisations with which we partner. Income Our income in 2024 was £557,389. Thc major 80urces of income were: 0 £44,259 from the Charities Advisory Trust, through its Good Gifts Catalogue. which has proved critical in providing livelihood projects and scholarships in Rwanda. 0 £206,730 from Clifford Chance for our Counsclling F.nhanced Reach Project (CERP ItI) and Youth Economic Ernpowerment Project (YEEP), which supported phone-based counselling for vulncrable survivors a¢ro88 Rwanda. as well as ¢mployment and entrepreneurial opportunities for young survivors. 0 £54,775 from Foundation Rwanda for our education prO￿amMe supporting young people born of genocide rape, as well as community counselling and youth ￿mp$. £56,434 from ￿sPIRE1afri¢a for our Youth Entrepreneurship Training Programme, Legal and Counselling Helpline as well as various educational and shelter projects for survivors. 0 £52,787 from Network for Africa for our Young Survivors Counselling Progranulle as well a8 a new cohort for our Youth Entrepren¢urship Training Programme (YETP). 0 £8,420 from BBC Radio 4 Charity Appeal which is unrestricted filnding that will be allocated to sustain and scale up all priority area5 of our work. Expendlture We maintained our expenditure on kcy projects proportionate to th¢ income received for th¢rn, as well as controllcd our expenditure on our support costs to £86,0 16. Fundraising Effectiv¢n¢ss We do not have any fundraising spend. as we undertake no marketing, paid-for advertising or direct mail. This is quit¢ cxceptional for a charity that generates over £500,000 in incomc. Flnallclal Forecast The year ahead will inevitably more challenging than the past y¢ar for SURF. Wc begin the year again with a very low-cost bas¢, but less reserves and secured future income. Though w¢ will continue to receive funding from major donors over the year ahead: Charities Advisory Trust, Foundation Rwanda, DISPIRE!africa and Nctwork for Africa. In addition, we have secured a new donor for 2025, J Van Mars Foundation, which have committed an unrestricted grant which will be invaluable to us. uture Income We had secured approxlmately £160,000 of income at the start of the year, including, £30.(K)O from Foundation Rwanda. £40,000 from INSPIRE!afri¢a, £30,000 from Network for Africa, £30.000 from all anonymous trust and £30.000 from the J Van Mars Foundation (a new donor for 2025). We continue to seek to id¢ntify independently additional funding opportunities with trusts and foundations in the UK, and in the USA in partnership with Foundation Rwanda. Continued emphasis will be placed on supporting our partncr organisations to develop and secure funding for projects dircctly, which will result in less incomc b¢ing channelled through SURF over time. Page 22

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT Future E4)endlture We are committcd to k¢eping our costs as low as possible in and outside of Rwanda in 2025. SURF now only retains a part-timc consultant in the UK with no overheads. We have no plan8 to recruit any more stsff in the UK and the number of staff in Rwanda will be directly related to project funding. Following a salary review of staff in Rwanda, we awarded an increase of 50/0 for noD-leadership staff, around the level of inflation in Rwanda, in January and June 2024. We plan to continuc to maintain the l¢v¢l of grant expenditure in 2025 as our income allow4 ensuring that we try to maintain a small surplus de8Plte the challenging financial environment. Reserves polley The policy agreed by the trustees is that the minimum amount to be held as reserve is now set at 5 month's operating expcnditure. By the cnd of 2024, our unrestricted reserves amounted to £53,185 (equivalent to over six month's opcrating expenditure). Page 23

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT FUTURE PLANS Every three years, the partners. tru8texs and staff of Survivors Fund (SURF) undertake a review of our work to dat¢. and develop a strategic plan for our work ahead. We discuss what are the priorities for survivors now and likely in the three-year period ahead, and what resouTces we have as an organisation to h¢lp address them. Our Strategic Plan accounts for the emerging changes affecting survivors of the genocide against the Tutsi in Rwanda, and the changing environment in which SURF works. We developed a new five-year Strategic Plan for our work from 2024 to 2028 which sets out the aims, targets and actions for SURF and its partner's work. and which fonn the basis for operational priorities. It explains how SURF int¢nd8 to assist partners to achieve tbeir own plans and priorities. It sets out a demanding but exciting agenda of support to our partners. It will deliver greater impact for those we are seeking to help. By balan¢ing our prO￿arnMeS, advocacy work and capacity building with our fundraising, monitoring and evaluation we will increase our r¢ach and build ￿ater support for our worL The Strategic Plan will be continuously monitored to inforni the future direction and development of Survivors Fund (SURF). Our key themes and targets for 2024 - 2028 arc: Dlrect 8UPPOrt for rehabllltatlon Secure $uslainable livelihoods for survivors and r¢lated vulnerable persons through a focus on income generating activities, entrepreneurship and ¢mploym¢nt. Improv¢ the well-being and resilience of survivors and related vulnerable groups through a f￿u8 on menial health provision, physical health inforn]ation and commemoration. Reduce the vulnerability of survivors and related vulnerable persons through a focus on decent housing, food security. renewable energy source8 and eldcrly care. Organisational support for regeneration Ernpower survivor organisatlODS in Rwanda to advocate for justice and security for survivors and related vulnerable persons. - Enable survivor organisations in Rwanda to be more sustainable over the long-terni. We look forward to reporting on our progress ahead. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controll¢d by its governing documcnt, a deed of trust, and Constitutes a limitcd company, limited by guarantee, as d¢fmed by the Companies Act 2006. Page 24

SURVIVORS FUIYD (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, COVERNANCE AND MANAGEMENT HOW SURF IS RUN Survivors Fund (SURF) is a charitabjc company. registered in England and Wales with both th¢ Charity Commission (1065705) and Companics House (04311565). This structure, wbich is used by many charitics, allows us to have all the advantages of charitable Status. and simultaneously to limit th¢ trustees, liability through the compally's 'limited' status. As a cbarity and a company limited by guarantec, Survivors Fund (SURF) has no share capital and therefore cannot be 0￿ed by allyone. The charity is governed by its Memorandum and Articles of Association, dated 30 July 1997. SURF 18 headed by a Board of Trustees. For cornpany-law purposes, the trustees are also the directors of Survivors Fund {SURF) Ltd. Day-to-day mana8¢ment of the organisation is undertak¢n by the Chief Executive in Rwanda. THE BOARD OF TRUSTEES The Board of Trustccs has authority over and responsibility for the organisation and acts as its legal guarantors. The effective involvement of the Board of Trustees is considered crucial to the success of SURF and is dependent on shared goals, tbe development of sound and creatAve Working practices and significant time commitments. The Board meets at least four times a y¢ar, to assess the charitvs progress since the previous meeting, and to set milestones to be achieved by the n¢xt me¢ting. The Chief Executive attends each Board m¢¢ting ¢ith¢r in person, or virtually from,Rwanda, and provid¢$ an update to the Trustees on the charity's progress and assists in the setting of goals. Trustees also provid¢ valuable assistance to the Chief Executive and other memb¢rs of staff when necessary. TRUSTEE ELECTION, INDUCTION AIW ￿ELECT101ys Trustees are elected at the Annual General Meeting (AGM) by the members of Survivors Fund (SURF). Th¢ members include all the trustees. tn between AGMS, Trustees may be appointed temporarily by the general a￿¢emellt of the existing trustees. However, such appointm¢nts are only valid until the next AGM. After appointment, Trustees are presented with a copy of our most recent annual report. the CharIt￿S governing documcnts, and the minutes of the two most recent Board meetings. They are also asked to study the principlcs of thc Charity Commission's Essential Trustee booklct and arc invitcd to speak with the Chief Ex¢cutive and Chair to discuss th¢ charity's position and operation. At every AGM, one-third of th¢ Board of Trustees is required to resign. though they can then be re-elert¢d for a fLwther tlree-ycar t¢rni. Th¢r¢ aT¢ no tern] limits, with the organisation rccognising the value of institutional knowledge held by long-serving trustees. Page 25

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT CURRENT TRUSTEES Eight trustees servcd th¢ entire year. They are: Sam Hunt MBE (Chair) - Sam is Deputy Headteacher at Sandhurst School. She is a winner of thc Secondary School Teacher of the Year award, tbe Anne Frank Award for Inspirational Educator of the Year and bas been recognised as a Suc Ryder "Woman of Achievement" the "Pride of Bracknell" and an honorary fellow of the University of Winchester. She is a volunteer educator for the Holocaust Educational Trust and an academic advi50r for Remembering Srebrenica. She has been a trustee since 2008, elected as Chair in 2013, and was award¢d an MBE in 2020 in recognition of her voluntary work with SURF. Josephine UwamarÉya (Vice-chair) Josephine served as County Director of ActionAid International Rwanda from 2010, before retiring in 2022. She is a social worker by profession and has an MBA from the Maastricht School of Management, specialising in Project Management. David Chaney {Vice-Chair) - David owns and runs a full-service public accounting practice, repr¢s¢nting ov¢r 200 clients including a number of charities. He regularly vislts Rwanda and has worked to str¢ngthen the fmancial management of SURF partners. He lives in Houston, Texas. Adrian Veale (Treasurer) - Adrian is an accountant and has worked in the field for over 30 years. He al80 has expcricnce as an auditor of charitablc organisations. He has supported the work of Survivors Fund (SURF) since 2011 through volunteering with Proj¢cl Umubano. Jcanette Kagabo - Jeanette has becn a trustee since 2004. She is a survivor of the genocid¢ and moved to the UK in 2002. She is an advocatc for the Cause of survivors, speaking at an array of national and regtonal events since 2￿3. Will Goodhand - Will 18 Chief Jnnovation Officer and Founder at GoodMor¢ Global, an international research ag¢n¢y, He was a Conservativ¢ Paty Parliamentary Candidate in 2013 and has supported the work of Survivors Fund (SURF) sin¢¢ 2009 through numerous visits with Project Umubano. Samantha Lakin - Samantha is an advanced PhD student at The Strassler Center for Holocaust and Genocide Studies. Clark University and a Graduate Research Fellow ai Harvard Law School. She was forn]¢rly a Fulbright Scholar in Rwanda. Her research focuscs on human security in post<onflict soci¢ti¢s, memorialization practices initiated by states and survivors. Philomene Uwamaliya - Philomenc has been a registered nurse since 2006 and specialises in mental health nursing for those with complcx problems, refijgees and asylum seekers. She is a Senior Lecturer in Mental Ilealth Nursing at John Moores Univ¢rsity in Liverpool. On 22nd January 2024, the Board of Trustees elected two new trnstees: Pam Goddard - Pam is a Citizen's Adviser. a Community First Responder, a voluntary driverltreasurer for Good Ncighbours and a volunteer for Dcbra, the buttcrfly skin charity. She last visited Rwanda in 2023 and is an active 8UPPOrt¢r of Philly's Place. Nonna H¢wins - Nornia is currently a Head T￿Cher (NPQHT) of a PTimary school in North London. She has bccn the h¢ad for 10 years at her cutr¢nt school and has been in education for over 30 years in total. Shc last visited Rwanda in 2023 and is an active supporter of Philly's Place.(Norn]a resign¢d 19th July 2025) Page 26

SURVIVORS FUM) (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT On 22nd Jun¢ 2024, thc Board of TNstees elected two n¢w trustees". Stcphante Kayirangwa - Stephanie is a survivor of the Genocide against the Tutsi in Rwanda. She noTAr lives in Portsmouth. She is the forn]er Chair of the Portsmouth Rwandcse Community Association and Advisor to the National Association of Rwandese Communities in the UK. She is an activ¢ sp¢aker and advocate raising awareness of thc ¥cnocide through talks to schools and community groups across the UK. Jean Bos¢0 Ngabonzima - Jean Bosco is a survivor of the Genocide against the Tutsi in Rwanda. He now lives in Coventry, with his family. He is the fornier Chair of thc West Midlands Rwandese Community Association and National Association of Rwandese Communities ID thc UK and an active speaker and advocate raising awarencss of the genocide through talks to schools and community ￿0upS across the UK. VOLUNTEERS AND KEY SUPPORTERS Our work is h¢lp¢d by the contribution of many individual volunteers, who make up the SURF Proj¢cts Team. Their work is vital in extending the reach of SURF. We would like to r¢¢ord special mention of SURF Chair, Sam Hunt MBE, who works tirelessly to help SURF Tai8c funds through the Reaching Rwanda project whicb she eslablished to raise funds through schools and community groups. As well as Dr Noam Schimmel, who works tirelessly to advocate for the cause of survivors, in particular through his academic research, publications and teaching. We also want to thank Joy Childs for her unstinting support of Survivors Fund (SURF) and the funding tbat she ha8 raised through teaching art and organising fundraising events among hcr networL and Kathy Shanklin and R¢beG¢a Tinsley who support many students and vulnerable survivors ill Rwanda. PARTNERS SURF is fortunate to hav¢ a number of partners that support our work and n]ake it possibl¢ both in the UK and Rwanda. Our work is supported by an a￿aY of funders whose support 18 invaluablc. In 2024 our fundw$ included the BBC Radio 4 Charity Appcal, Charities Advisory Trust, Clifford Chance, Foundation Rwanda, INSPIRE!africa, I£gacy for War, Network for Africa and New Era Foundation. We would like also to thank an array of anonymous donors. SURF has received guidance and advice from individuals and organisations too numerous to mention. but we would lik¢ to acknowledge the contribution of th¢m all. SURF has worked with the following survivors, organisations in Rwanda during 2024: AVEGA . hozo Association of Widows of the Geno¢id¢ | Ibuka - National Association of tsenocide Survivor'8 Organisations | AERG Survivors, Association of Students and Pupils | GAERG - Survivors, Association of Graduate Studcnts | a N'manzi - Association of HIV+ Orphan-headed Households Isen so1￿¢ Ministries Christian Association of Genocide Survivors l Kan arwanda - Genocide Survivors Association defending human rights Page 27

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AJYD MANAGEMENT STAFF The CEO of Survivors Fund (SURF), Samuel Munderere. is th¢ pimary point of contact between th¢ trustees of SURF, and the SURF team in Rwanda, as well as with thc partner organisations and donors. Sam directs and coordinates all activities of SURF, supported by David Russell, who serves as the UK Coordinator and Company Secretary. Sam is supported in Rwanda by a core team which includes Raban Havugimana, Emilienn¢ Kambibi and Vincent Nyauma, with advisory from Dr Jemma Hogwood, all of which play vital roles in ensuring our work prO￿esseS as well as it has done to date. Samuel Mund¢r¢r¢, CEO Sam has worked with SUIIF since 2004, and has experience in managing counselling and education projects, belping to set up our Foundation Rwanda project in 2008. Sam holds a MA in International Development Management from thc University of Westminster and a BA degree in Social Worker and Social Administration from Bugema University. Raban Havugimana, Programme Manager Raban joined SURF in 2012 and helped to set up our entr¢pren¢urship projects with AERG, wher¢ he was formcTly a member. and helps to lead on the monitoring and evaluation of our livelihood development programmes. He has an MA in Devclopm¢nt Studies from Mount Kenya University. Emilienne Kambibi. Senior Key Worker - Emilicnne is a trained counsellor and social worker and has led our Community Counselling Initiative to support women survivors with children born of rape since 2011. She has a PGCert in counselling from thc College of Medicine and H¢alth Sciences and a BA in Sociology. Before joining SURF, she workd with AVEGA Agahozo and African Rights. Vincent Nyauma, Accountsnt - Vin¢ent joined SURF in 2009 to manage our account8 and supervises the audit of the financial reporting of partner's programmes funded through SURF. He is a Certified Public Accountant in Rwanda and Kenya. He holds degrees from UNISA, Stratbmore and Moi Universities. Dr Jemma Hogwood, Clinical Psychologist Advisor - Jemma has a Doctorate in Clinical Psychology from University Collcge London and is registered to pra¢¢ice a8 a Clinical Psychologist in the UK and Rwanda. She has be¢n working with SURF since 2010, helping to set up many of our counsclling projects, and continues to provide supervision to our couns¢llors on a consultancy basis. The office team in Rwanda is supported by the following staff: - Claudine Mukakalisa, Office Assistant - Gilbert Dusabimana, Security Guard In the our offiee 1$ managed by: David Russell, UK Coordinator - David has bcen working with SURF since 2004, fir8t as a consultant, and then serves as the CEO from 2009 to 2013. He continues to help managc thc finances and as Company Sccretary also the gov¢rnanc¢ of the organisation, supporting th¢ t￿M ID Rwanda on communication5 and PTO￿amme development. H¢ has an MA from New York University and Cambridge University. Our team 18 SUPPOrtcd internationally by Liam Dempsey of Ibd¢sign (online) and Drew Sutton and Rachel Collingwood of eco2 (film and photography), and we are thankful for their continuing support Page 28

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENr Risk management We have examined the major risks to which the charity is exposed and review them at each Board meeting. Systems and procedures have been put in place to manage thosc risks. Th¢ Risk Register is maintained by the Cbief Executivc and UK Coordinator, under the supervision of the Board. Bclow is an overview of the major financial and operational risks we were facing at the time of our most recent board meeting (lrfarch 2025). Levelof Impact Llkellboo {1-5) d(1-5) Risk Category Rlsk Tltle Potentlal Impact St¢ps to mltlgate rlsk Financial Lack of fundin opportunitlC8 Loss of income and ability lo enable work - but of the operations (core costs) and the projects (programme nding). Continu¢ to monitor opportunities to try identify possibl¢ new applications, and to identify proactively individualsl organisations to whiGh w¢ can approach who hav¢ a potential interest in our work. External Genocidal Tdeologyl Denial Potential threat to vulnerable survAvors, in particular from released perpetrators. Downplaying the importance of the Genocide against the Tutsi. Monitor th¢ situation, and where required advocat¢ to the Government of Rwanda to take action (through Ibuka). External Climatic Risks Events such as heawy rain8, volcanic eruption8 in Rubayn and earthquakes could have a major impact housing of beneficiaries. Ensure that the risks are identified. and where urgcntly required advocacy 18 undertaken with stak¢hoEdcrs who could potentially addr¢ss th¢m. Page 29

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Financial Cash flow Lack of liquidity sensitivitics to meet commitments. Ensure adequate casb flow projcctions and continue to work source and identify and secure new funding. If required to revise budgeting to deprioritise work if funding is not immediately available. Financial Funding Shortfalls Use up reserves in short-tcnn if SURF is unable to sustain itself in long run. Ensure that funding opportunities are reviewed at the Board meeting, and leverage additional resource of fundraising ¢onsultant to identify new fijnding opportunities. Opcrational Loss of key staff Potential threat to delivery of projects b¢¢ause of a deficit of institutional knowl¢dge ED8urc that staff are properly supported. and that thcre are sufficient development opportunities. F.nsure that there are appropriate consultants to add support if and when necessary. Operational Safeguarding Harni to benefIciaries and reputational damage to SURF Ensure that our safeguarding policie8 arc included in our parlncr reporting requirements and that beneficiarics know aboul whistlc blowing policies so thal Ih¢y know who they Can report abuse to. Page 30

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT External Rwanda/ Fear among DRC conflict survivors of Interahamwe from DRC killing people especially those in Gisenyi and Musanze near the Goma border post. Work with survivors organisations to cxtend our mental health work in the districts near the border with DRC. Operational Ibuka Repositionin Ibuka want to take over the work of all local survivor's organisations in Rwanda to bett¢r coordinate their worK which will impact on their inde￿ndence. The local partners are resisting it, and we are working with them to continue to monitor the situation. REFERENCE AND ADMIIYISTRATIVE DETAILS Reglstered Company number 03411565 (England and Wales) Reglstered Charlty number 1065705 Reglstered offlce 4 Heathfield Road Bushey WD23 2LJ Page 31

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Sam Hunt MBE (Chair) Jos¢phin¢ Uwamariya (Vice-chair) David Chaney (Vice-chair) Adrian Veale (Treasurer) Jeanette Kagabo Will Goodhand Samantha Lakin - (Resigned 19th July 2025) Philomene Uwamaliya Norma Hewins (Appointed 22nd January 2024 and Resigned 19th July 2025) Pam Goddard (Appointed 22nd January 2024) Stephaoie Kayirangwa (Appointed 22nd June 2024) Jean Bosco Ngabonzima (Appointed 22nd June 2024) Company Secretary David Russell Chlef Executlve Samuel Munderere Founder Mary Kayitesi Blewitt OBE Bankers Co•op¢ralive Bank l Balloon Street Manchester M60 4EP Audltor8 Prestons & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Survivors Fllnd (SURF) for the purposcs of company law) are responsible for preparing the Annual Report and th¢ financial statements in accordancc with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "Thc Financial R¢porting Standard applicable in the UK and Republic of Ireland Page 32

SIIRVIVORS FUND (SURF) REPORT OF THE TRIISTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATFMENT OF TRIISTEES, RESPONSIBILITIES- eontinued Company law requires the trustees to prepare financial slatemenls for each financial year whA¢h give a Irue and fair view of ihe stste of alTaiTS of the Charitable company and of the incoming re50urccs and application ot" resources, including the income and expenditure. of the charitable company for that perjod. In preparins those financA81 sialemenis. lh¢ Iruslees ar¢ required io sclecl suilable accounting polscies and Ihcn apply ihem consistently. observe ihe melhods and principles in the Charity SORP. make jud8emenl8 and eslimates that are reasonable and prudenl. state M'hether applicable accounting standards have been followed. subject to any material departures di￿losed and explained in Ihe financial slalemenls: preparc the fjnancial sialemcnts on I￿ going concem basis unless it is inappropriate to presume that the charilable company w'ill ¢ontinue in business. The Iruslees ar¢ responsible for keeping proper accounlin8 records which disclose with reasonable accurac at any time the financial position of ihe charilable company and lo enabl¢ th¢m lo Cnsure that the financial statements comply M'ith ihe C'ompanies Ad 2006. They are also responsible for safe8uarding ihe assets of the charitable company and hence for laking reasonable sleps for ihe prevention and deleclion ot. fraud and oiher irr¢guluriti¢s. In so far as the trustees are aware: th¢r¢ is nu relevanl audil infvrmation of which the charitable company's auditory arc. unawurc. and the Iruste¢s have iaken all Steps that they ought lo have taken lo make thcmselves a￿•re of any r¢l¢vanl audil information and to establish that the auditors are aware ot thal int'ormalion. AIIDITORS Thc audilors, Preslons & Jacksons Partnership LLP. will be proposed for rc-appoinlmcni at thc forthcoming Annual Cieneral Meeting. Report of the t￿Slee$. inLOTporating a strategie rep)rt. approved by order ol. Ihe board of irustee4 as the company dircctors. on .....LQ../..a4 /,. cr...... and signed on the board's b¢lMlf by: Trustee IroL Page 33

REPORT OF THE INDEPE1￿ENT AUDrfoRS TO THE TRUSTEES OF SURVIVORS FUND (SURF) Oplnlon We have audited the financial statements of Survivors Fund (SURF) (the Icharitable company,) for the year endcd 31 Dccember 2024 which comprise the Statcmcnt of Financial Activities, the Statement of Financial Position, the Statement of Cash F]ows and notcs to th¢ fU￿1ClaI slatcrnents, including a summary of significant accounting policies. The financial rcporting framcwoTk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acccptcd Accounting Practice). including Financial Rcporting Standard 102 The Financial Rcporting SLqndard applicable in the UK and Republic of Ireland,. In our opinion the fmancial statements: give a true and faiT view of the state of the cbaritsble companys affairs as at 31 De¢ember 2024 and of its incoming resources and application of resource4 includins its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the requirements of the Companies Act 2006. Ba818 for oplnlon We conducted our audit in ac¢ordan¢¢ with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fvrther described in the Auditors, responsibiliti¢s for th¢ audit of the financial statements section of our report. We are independent of th¢ charitable company in accordance witb the ethical requiremeDts that ale ielevant to our audit of tb¢ financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfill¢d our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Con¢lu$lon8 relpddng to golng concern In auditing the fu￿nCIal statements. we have concluded that the trustees, usc of the going concern basis of accounting in the preparation of the fmancial 8tatement8 18 appropriate. Based on the work we have perfornied, we have not id¢ntifi¢d any material uncertainties relating to events or ¢ondition8 thaL individually or colle¢tiv¢ly, may ¢a$t Significant doubt on the charitable company's ability to continue a8 a going concern for a period of at least twelve months from wben the financial statements are authorised for i$su¢. Our responsibilities and the responsibilities of the trustees with respect to going concern ar¢ d¢scrib¢d in tbe relevant sections of this report. Other Informfdtlon The trustees are responsible for the other inforniation. The other inforniation compriges the inforniation included in th¢ Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and, except to thc extent otherwise explicitly ststed in our report, we do not express any forni of assurance conclusion ther¢on. In connectlOD with our audit of thc fman¢ial statements, our responsibility is to rcad thc other Inforn￿tIon and, ID doing so, consider whether the other inforn￿tIon is matcrially inconsistent with the fllwicial stat¢ments or our knowledgc obtained in th¢ audit or otherwise appears to be materially misstated. If w¢ identify such matcrial inconsistencies or apparent material misstatements, we are required to dctermine whether this gives rise to a material misstatement in th¢ finan¢ial stat¢m¢nts the￿￿elVeS. If, b&8ed on the work we have perforn]¢d, w¢ conclud¢ that th¢￿ is a material misstatement of this other infornmtion, we are required to report that fact. We have nothing to report in this Tegard. Page 34

RKPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SURVIVORS FUND (SURF) Matters on which we are required to report by exception We have nothing to report in rcspect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the iDforn]ation given in the Report of the Trustees is inconsistent in any material Tespect with the financial statements; or the charitable company has not kept adequate accounting records. or the financial statements ar¢ not in agreement with the accounting records and returns. or we havc not received all the infornlation and explanations we require for our audit. The Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and takc advantage of th¢ small companics, cxcmptions in preparin8 the trustees, report and from the requiremcnt to prq)are a strategi¢ report. Responslbllltle8 of trustees As explained more fully in the Statement of Trustees, Respon8ibilÉtie8. thc trustees (who are also the dir￿torS of the charitable company for the purposes of company law) are responsible for tbe preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal conirol as the trustees deterniine is necessary to enable the preparation of financial stat¢ments that ar¢ free from material misstatement. whether due to fraud or error. In preparing the finan¢ial stat¢m¢nts, th¢ trustees are responsible for assessing the charitable company's ability to continue as a going ¢on¢¢rn, disclosing, as applicable, matters related to 80ing concern and using the going conccrn basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 35

REPORT OF THE INDEPENDE￿T AUDITORS TO THE TRUSTEES OF SURVIVORS FUND (SURF) Our responsibilities for tbe audit of the financial Statements We hav¢ b¢en appointed as auditors undcr Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations mad¢ or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial 8tatem¢nÈs as a wbole are free from material misstatement, wh¢ther due to fraud or error, and to issue a Report of the Jnd¢pendent Auditors that includes our opinion. Reasonable a88UTan¢e is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a mat¢rial misstat¢ment 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 economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irrcgularities, including fraud is detailed below: Irregularities, including fraud, are instances of non-complianc¢ with laws and regulations. We identified and assessed the risks of material misstatement of the financial statemenls from irregularities. whether due to fraud or error, and di￿US$ed these between our audit team members. We then designed and perfonned audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory framework within which tbe charitable company op¢rales, focusing on those laws and regulation8 ihat have a direct effect on the detennination of material amounts and disclosures in the financial statemcnts. The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102). We a88essed the required compliance with these laws and regulations as part of our audit procedures on the rclated financial statement items. n addition. we considered provisions of other laws and regulations that do not have a direct ¢ff¢ct on the financial statements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid material p¢nalty. We also considered the opportunities and incentives that may exist within the ¢haritabl¢ company for fraud. The laws and r¢gulations we considered were General Data Protection Regulation (GDPR), employment legislations and anti-fraud. bribery and comiption legislation. We also considered compliance with local legislation for th¢ charity's overseas operations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of tbe Trustees and other manag¢ment and inspection of regulatory and legal corrcspondence, if any. We identified the greatest risk of material impact on the financial statements fron] irregularities, including fraud, to be within the timing of recognition of income and the override of controls by management. Our audit procedures to rcspond to these risks includ¢d enquiries of management, int¢rnal audit and the Trustees about their own idcDtification and asscssment of the risks and irregularitics, sampl¢ tcsting on tbe posting of journals, reviewing accounting estimates for biases, reviewing regulatory COTrespond¢nce with Charity Commission, review of donor audit reports, review of overseas office audit repoTts and reading of minutes of meetings of those charged with governance. Page 36

REPORT OF THE INDEPENDEIYT AUDITORS TO THE TRUSTEES OF SURVIVORS FUND (SURF) Owing to inherent limitations of an audit. there is an unavoidable risk that we may not have detected some rnaterial misstatcmcnts in thc financial statements, even thougb we have properly planned and perfornicd our audit in accordance with auditing standards. For example, the ￿rther removed non-complianc¢ with laws and regulations (irycgularities) is from the events and transactions reflected in the financial statements, the less likely the inh¢rGntly limited procedures required by auditing standards would idcntify it. In addition, as with any audit. there r¢mained a higher risk of non detection of irregularities, as these may involve collusion, forgcry, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and r¢gulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description fornls part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's trustees, as a body in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so thal wc might stat¢ to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no othcr purpose. To the fullest extent pern]itted by law, we do not accept or a8surne responsibility to anyone other than thc charitable company and the charitable company's trustees as a body for our audit work, for this rcport, or for the opinions we have formed. A. fAIEL for and on behalf of Pre8tons & Jacksons Partn¢rship LLP Statutory Auditors Eligiblc to act a8 an auditor in tenns of S¢¢tion 1212 of the Companie8 Act 2006 364 - 368 Cranbrook Road Iirord Essex TG2 6EtY 09 Page 37

SURVIVORS FUI¥4D (SURF) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDfTURE ACCOUNT) FOR THE y￿AR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fimd fimd Notes INCOME AIYD ENDOWMEIYTS FROM Donations 33,441 75?72 108,813 87,263 Charitable activitle8 Charitable Activity 447,928 447,928 447,672 Other Incoming R¢8ourccs 324 324 648 1,496 Total 33,765 523,624 557J89 536.431 EXPENDITURE ON Charltable aetivltie8 Charitable Activity 6,232 514,180 520,412 630,600 ET INCOMEI(EXPENDITURE) 27,S33 9,444 36,977 (94,169) RECONCILIATJON OF FUIYDS Total funds brought forward 25,652 53,699 79J51 173,520 TOTAL FUNDS CARRIED FORWARD 53,185 63,143 116?28 79,351 The notes fonn part of these fu￿1claI statements 2Q

SURVIVORS FUND (SURF) STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 31.12.24 31.12.23 Notes FIXED ASSETS Tangible assets 13 19,895 27.129 CURRENT ASSETS Debtors Cash at bank and in hand 14 16,118 102,861 23,126 57.309 118,979 80,435 CREDITORS Amounts falling due within on¢ year 15 (22￿46) (28,213) NET CURRENT ASSETS 96,433 52,222 TOTAL ASSETS LESS CURRENT LIABILITIES 116J28 79,351 NET ASSETS 116J28 79,351 FUNDS Unrestricted funds: General fund R¢stricted fvnds: Restricted Fund8 17 53,185 25,652 63,143 53,699 TOTAL FUIYDS lJ6a28 79,351 The charitsbl¢ company is entitled to exemption from audit under S¢¢tion 477 of the Companie8 Act 2006 for the year ended 31 December 2024. The members hav¢ not deposited notice> pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for (a) ensuring that the charitabl¢ company keeps accounting records that comply with S¢¢tions 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of tb¢ ¢haTitable company as at the end of each financial year and of its sury)lus or deficit for each fmancial y¢ar in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requiTement5 of the Companies Act 21J)6 relating to fmancial statements, so far as applicable to the charitable company. These fllknqncial statwncnts have bccn audited under th¢ rcquirements of SectlOD 145 of the ChaTitics Act 2011. The notes forn] part of these fAnancial statements Dnna 2n

SURVIVORS FUND (SURF) STATEMENT OF FINANCIAL POSITION - Continued 31 DECEMBER 2024 The financtal statements were approved by the Board of TTUStees and authoris¢d for issue on ..zo...i..o.K./...u¥... and M¢re signed on its he￿lf by. Trustee )iroc&y Trustee iy ooEof . Iltsfi T The notes torni part of these financial statements Page 40

SURVIVORS FUND (SURF) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Notes Cash flows from operating activitles Cash generated from operations 48,055 (81.612) Net cash provided by/(used in) operating activities 48,055 (81,612) Cash flow8 from Investlng actlvitl Purchase of tangible fixed assets (2A03) Net cash (used in)Iprovided by investing activitics {2A03) Change In cash and ¢asb equlvalent8 In the reportlng perlod Cash and cv4sb equlvpdlents at the beglnnlng of the reportlng period 45,552 (81,612) 57a09 138,921 Cash and cash equlvaleDts at the end of the reportlng perlod 102061 57,309 The notes forni part of these financial statements Page 41

SURVIVORS FUND (SURF) NOTES TO THE STATEMEDIT OF CASH FLOWS FOR THE YEAR EM)ED 31 DECEMBER 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATIIYG ACTIVITIES 31.12.24 31.12.23 Net iDcomel(expendlture) for the reportlng perlod (as per the Statement of FinADcial Aetivltle8) Adjustments for: Depreciation charges Insses on Fixed Asset5 Exchanges Other changes Decr¢asel(increasc) in debtors Decrease in creditors 36,977 (94,169) 7,795 1097 45 7,008 (5,667) 8.680 5,739 (1,400) (462) Iyet ca8b provlded byl(used in) operatlon8 48,055 (81,612) ANALYSIS OF CHANGES IN IYET FUNDS At 111124 Cash flow At 31112124 Net casb Cash at bank and in hand 57,309 45￿52 102,861 57J09 45,552 102,861 Total 57J09 45552 102,861 The notes forn] part of these financial statements Page 42

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNfiNC POLICIES Ba81$ of preparlng tbe financial statements The f￿anCIal statements of tbe charttable compauy. which is a public benefit entity under FRS 102. have bexn prepaied in accordance with th¢ Charities SORP (FRS 102) 'A¢counting and Reporting by CE￿ItIeS. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) {¢ffcctive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. Tb¢ fjnancial statements have been prepared under the historical cost convention. The charity constitutes a public benefit entity as defined by FRSI 02. Golng Concern The organisation ￿rther secured sufficicnt fundings to operate for the next twelve months. As such, the Board of trustees are confident that th¢y would be in a position to carry out their charitable a¢tiviti¢s in the coming year. A$ a r¢sult of this, the trustees consider that ther¢ no material uncertainties about the Charit￿8 ability to continue as a going concern. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be r¢ceived and the amount can be m￿SUred reliably. Donations are recognised when the charity ha8 bccn notified in writing of both the amount and settlement date. In the event that a donalion is subjcct to conditions that require a level of perfonnance before the charity is entitled to the funds, th¢ income is deferred and not recognised until eith¢r those conditions are ￿llY met, or the fulfilmcnt of those condition is wholly within the control of the charity and is probable that those conditions will be fulfilled in th¢ reporting period. Income from government and other grants, whether 'capital" grants or "r¢venu¢" wts is recognised when the charity has entitlement to the funds, any perfOrnIan￿ conditions atta¢h¢d to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not defcrred. Donated serviccs recognised ID the f￿anCIal statements would include those provided by an individual or entity as part of their trade or profession for free. An equivalent amount is included as expenditure. Expendlture and Irrecoverable vat Liabilit1¢8 arc recognised as expenditure as soon as there is a legal or constructive obligation committing thc charity to that expenditure, it is probable that a transfcr of economic benefits will be required in Kttl¢m¢nt and the amount of the obligation can be measured reliably. Exp¢nditur¢ is accounted for on an a￿n￿lS basis and has been classified under hcadings that aggregatc all cost related to the catcgory. Where costs cat]not be directly attributed to particular headings they have be allocated to activities on a basis Gonsistent with tbe use of resouTces. Irrecoverabl¢ VAT is chargcd as a ¢ost against th¢ activity for which the expenditure was incurred. Grants offered subject to conditions which have not b¢¢n met at the year end date are noted as a commitment but not accrued as expenditUT¢. Page 43 ontinued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS - eonthiued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Tangible flxed assets Depreciation is provided at th¢ following annual rates in order to write off each asset over its timated useful life. Leasehold Land Plant and machinery Motor vehicles not provided 250/0 on cost 25 % on cost Tangible fixed assets are statcd at historical cost less accumulated depreciation and any accumulat¢d impairnient losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capablc of operating in the manner intended by management. No depreciation is charged on the value of land but any improvement costs are depreciated. T8xatlon The charity is exempt from Co￿oratIon tax on its charitabl¢ activities. Fund aceountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular r¢strict¢d purposes. Furtb¢r explanation of the nature and purpose of each fund is included in the notes to the financial statements. Forelgn curreneies Assets and liabilities in foreign Currencies are translated into sterling at the rates of excbange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at tbe date of transaction. Exchange differences are taken into account in arriving at the operating result. Debtors Basic financial assets, including trade and othcr d¢btors. are initially recogniscd at transaction pric¢. 'Ji unless the arrangement constitutes a financing transaction, where the transaction is measurcd at th¢ present value of the future r¢c¢ipts discounted at a market rate of int¢r¢st. Such assets are subsequ¢ntly Ca￿led at amortised cost using the effective interest method,1¢88 any impainnent. Page 44 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Credltor5 Basic financial liabilities, including trad¢ and other creditors, loans from third parties and loans from related parties, are initially recognis¢d at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interesL Such instruments are subsequently cattied at amortiscd cost using the effective interest method, less any impainnent. FinanclAI Instruments Thc charity only has financial assets and fjnancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. DONATIONS 31.12.24 31.12.23 Donations Gift aid DoDat¢d s¢rvic¢s and facilities 99,129 9,684 74,056 12,518 689 108,813 87,263 OTHER INCOMING RESOURCES 31.12.24 31,12.23 Agency Income Intsrest income 324 324 558 938 648 1,496 Page 45 ntinu¢d...

SURVIVORS FUND (SURF) NOTES TO THE Fll¥ANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Charitablc Activity Grants 447,928 447,672 Grants received, included in the above, ar¢ as follows: 31.12.24 31.12.23 Foundation Rwanda INSPIRE!africa Anonymous Charities Advisory Trust (Good Gifts) Comic Rclief (Shooting Touch) Charities Aid Foundation (CAF) America Network for Africa Clifford Cbance Southall Trust I£gacy for War income 54,775 56,434 30,000 44,259 33,952 30,759 30,000 45,899 36,426 434 46,004 221,198 3,000 52,787 206,730 2,943 447,928 447,672 CHARITABLE ACTIVITIES COSTS funding of activities (see note Support costs (see note 7) Direct Costs 6) Totals Charitable Activity 61,884 371,912 86,616 520,412 GRANTS PAYABLE 31.12.24 31.12.23 Charitable Activity 371,912 473,389 Page 46 continued..

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 GRAwfs PAYABLE - continued The total grants paid to institutions duriDg the year was as follows: 31.12.24 31.12.23 Community Projects (Shelter) Foundation Rwanda Community Counselling Initiative (CCD Good Gifts Project Reaching Rwanda Project Network for Africa Entrepreneurship Project Other Agency Costs Counselling Extension Response Project (CERP III) Youth Economic Empowernienl Project (YEEP) 14,457 23,774 IOlJ72 67,922 51&89 310 437 39,012 73,039 6,962 49,128 112,340 83,159 69,092 7,533 217 74,107 70,851 371,912 473.389 SUPPORT COSTS Premises Governance Costs costs Management Finance Totals Charitable Activity 57,713 2,283 21J20 5JOO 86,616 NET INCOMEI(EXPENDITURE) Net income/(¢xpenditure) is stated after chargin¥l{¢rediting): 31.12.24 31.12.23 Auditors, remuneration Depreciation - owned assets 5,300 7,831 5,280 8,680 TRUSTEES, REMUNERATIOF4 AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 D¢¢¢mbeT 2024 nor for the y¢ar ended 31 December 2023. Trustees expenses There were no trustees, expenses paid for the y¢ar ended 31 December 2024 nor for th¢ year ended 31 DK¢mb¢r 2023. Page 47 continued...

SURVtVORS FUIYD (SURF) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs 48,170 5J78 42,986 5,141 53,548 48,127 In addition to the above, during the year £87.(K)O wcrc cxpended as wages under individual selected ProJ￿t8. These costs are shovni under Proj¢¢t Costs of £371,912. The averag¢ monthly number of employees during th¢ y¢ar was as follows.. 31.12.24 31.12.23 Charitable Activities Management and Administration No employees received cmoluments in excess of £60.000. 11. COMPARATIVES FOR THE STATEMEIYT OF FINANCJAL ACTIVITIES 31.12.2023 Unrestricted Restricted Totsl fimd fund funds INCOML AND ENDOWMENTS FROM Donations 31,321 55,942 87.263 Charltable actlvltles Charitable Activity 3,000 444,672 447.672 Other Incoming R¢sources 938 558 1.496 Total 35,259 501,172 536,431 EXPENDITURE ON CbArltable activities Charitable Activity 109,301 521,299 630,600 NET INCOMEI(EXPENDITURE) (74,042) (20,127) (94,169) RECONCILIATION OF FUNDS Total funds brought forward 99,694 73,826 173,520 Page 48 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMEiYfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.12.2023- Continued Unrestricted Restricted fund fund Totsl funds TOTAL FUNDS CARRIED FORWARD 25,652 53,699 79,351 12. KEY MANAGEMENT PERSONNEL The Key Manag¢m¢nt Personnel comprised of the Board of Trnstees. 13. TAFIGIBLE FIXED ASSE'rs Leasehold Plant and Motor Land machinery v¢hicl¢s Totals COST At l January 2024 Additions Ex¢hang¢ differences 12,051 73,929 2,503 (985) 11,641 97,621 2￿03 (1,906) (775) (146) At 31 December 2024 11,276 75,447 11,495 98,218 DEPRECIATION At l January 2024 Chargc for year 963 59,852 6J09 9,677 1,522 70,492 7,831 At 31 D¢c¢mber 2024 963 66,161 11,199 78,323 IYET BOOK VALUE At 31 December 2024 IOJ13 9,286 296 19,895 At 31 Decemb¢r 2023 11,088 14,077 1,964 27,129 Page 49 ntinud...

SURVIVORS Ful￿ (SURF) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtors 9,740 6,378 23,126 16,118 23,126 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Social security and other taxes Other creditors 1,845 20,701 5.008 23,205 22W6 28,213 16. ANALYSTS OF NET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Total fimds Unrestricted Restricted fund fund Fixed assets Current assets Current liabilities (13,083) 88,814 (22,546) 32,978 30,165 19,895 118,979 (22,546) 27,129 80,435 (28,213) 53,185 63,143 116a28 79,351 17. MOVEMENT IN FUNDS Net rnovement in funds At 31112124 At 111124 Unrestrlcted funds General fund 25,652 27￿33 53,185 Restrleted funds Restrictcd Funds 53,699 9,444 63,143 TOTAL FUNDS 79,351 36,977 116J28 Page 50 continu¢d...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMEThTS - continued FOR THE YEAR 31 DECEMBER 2024 17. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in th¢ abov¢ are as follows: Incorning Resources Movement resources ¢xp¢nded in funds Unrestrlcted funds General fund 33,765 (6,232) 27￿33 Restricted funds Restricted Funds 523,624 (514,180) 9,444 TOTAL FUNDS 557J89 (520,412) 36,977 Comparatlves for movement In funds Net movement in funds At 31112123 At 111123 Unrestricted funds General fund 99,694 (74,042) 25.652 Re8trl¢ted funds Restri¢t¢d Funds 73,826 (20,127) 53,699 TOTAL FUNDS 173.520 (94,169) 79,351 Comparative net movement in funds, included in th¢ above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fLmd 35,259 (109,301) (74.042) Restricted fulld5 Restricted Funds 501,172 (521,299) {20.127) TOTAL FUNDS 536,431 (630,600) (94,169) Page 51 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS - eontillued FOR THE YEAR EM)ED 31 DECEMBER 2024 17. MOVEMENf IN FUNDS - continued Analy8ls of Restricted Reserves 31.12.2024 31.12.2023 Youth Economic Empowernlent Project (YEEP) Youth Entrepreneur Support Project (YESP) Counselling Embe(Iding Systems Proj¢¢t (CERP IV) 53.699 21.640 41,503 Carrled forward- 31.12.24 63,143 53,699 18. RELATED PARTY DISCLOSURES David Russell who 18 thc Company Secretary of SURF, 18 a180 the Chair of Network for Africa and Charities Advisory Trust. During the year donations totalling £52,787 {2023: £46,004) were received from Network for Africa and £44,259 (2023: £45,899) from Charities Advisory Trust. He donat¢d in a personal capacity £3,560. During tbe y¢ar, the Trnstees donated £3,134 (2023: £12,416) to the organisation. During the year, SURF donated £19,345 (2023: £20,800) towards the construction of Philly's Place Children's Centre in Rwanda. The building is currently owned by a member of the board of trustees, with a deed of trust that on her death the land. property and all assets in the building will be transferred to Survivors Fund (SURF). 19. LEGAL STATUS OF THE TRUST The charity 18 a Company limited by guarantee and ha8 no share capital. 20. WINDING UP OR DISSOLUTION OF'fHE CHARITY If upon winding up or dissolution of th¢ charityg there remain any assets, after the satisfaction of all debis and liabilities, the assets represcDted by the accumulated fund shall be transferred to some other haritable body or bodies having similar obj¢cts to the clwity. Page 52

SURVIVORS FUND (SURF) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMEIYTS Donatlonj Donations Gift aid Donated Servi￿S and facilities 99,129 9,684 74,056 12,518 689 108,813 87,263 Other Ineomlng Resources Agency Income Jnterest income 324 324 558 938 648 1.496 Charltable aetlvltles Grants 447,928 447,672 Total Ineomlng resource8 557J89 536,431 EXPENDITURE Charltable actlvltle8 Wag¢8 Social security Networking and Advocacy Internet Expenses Depreciation of tangible fixed assets Project Cost8 48,170 5J78 252 289 7,795 371,912 42,986 5,141 959 345 8,680 473.389 433,796 531,500 Support costs Management Training and Welfare Travel and Subsistence Consultancy Services 18,793 12,520 26,400 5,756 12,065 37,932 57,713 55.753 Finance Foreign Exchange Difference Carried foTward I￿22 1,522 16.565 16,565 This page does not forn] part of the statutory financial statements Page 53

SURVIVORS FUND (SURW) DETAILED STATEMENT OF FINAIYCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Ffjnance Brought forward Bank charges 1,522 761 16,565 1.701 2,283 18266 Premlses Costs Rcnt Light and Heat Telephone Postage and stationery Cleaning 14,285 903 1,437 1,819 2,876 12,944 648 1,715 1,050 2.755 21J20 19,112 Otber Overheads Advert18ing 689 Governance cost8 Auditors, remuneration 5,300 5,280 Tolal resouTC¢S expended 520,412 630,600 Net iDcomel(expendlture) 36,977 (94,169) This page docs not forni part of the statutory financial stat¢ments Page 54