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 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 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