2025-12-31-accounts

REGISTERED COMPANY NUMBER: 0341156S (Engldnd and Wales) REGISTERED CHARITY NUMBER.. 1065705 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBEIR2025 FOR SURVIVORS FUND (SURF) (A COMPANY LIMITED BY GUARANTEE) Prestons & Jacksons Partnership LLP 364- 368 Ci'anbrook Road Ilford Essex IG2 6HY

St￿1vIVoRS FUND (SURF) CONTENTS OF THE F]T4ANCIAL STATEMENTS FOR THI YEAR ETr4DED 31 DEI CEMBER 2025 Page Chaii'man's Report A note from the Chief Executive Report of the Trustees to 33 Independent Examintj's Report 34 to 35 Statement of Financial Activities 36 StAtement of Financial Positlon 37 10 38 Notes to the Financial Statements 39 10 50 Detailed Statement of FinaneÉal Aetivities 51 to 52

SURVIVORS FUND (SURF) CHAIRMAN'S REPORT FOR TH￿ YEAR ENDED 31 Dll CEI MBER 2025 As anothei. yeai. passes, we at Survivois Fund {SURF) continue to remembci. the lives of the moir than one million souls lost during the 1994 genocide agasnst tlie Tutsi - mothcrs, fatliers, childi'en, and neighbours whose dreams were silenccd, but whose legacies i'emaiii etclicd iii tlie heart of a resilient nation. To honoui. thein is to vow that their names will never be foi'gottcn and that the light of theii. memoiy will forevei. outshine th¢ darkness of that tizgedy. Yel, ill the wake of such unfathomable loss, we also stand in awe of th¢ survivors. Their bi?very is not merely in the fact that they endured, but in the profound coui?ge it took to choose hope ovcr despair and reconciliation over bitlei'ness. They liave transformed th¢ scaTS of the past into the foundation of a irnewed Rwanda, teaching the world that while hutnanity is Capable of gi'eat ci'uelty) the spirit of foi'giveness and thc will to i'ebuild are infinitely more powerful. Their sti'ength is a living leslaynent that love will alway5 have the final wol'd. On behalf of both the Board of Trustees and the inspii'atioi)al, dedicated staff of SURF, we extend our d¢¢pest gratitude to eve2yone who lias chosen to stand in solidarity with the sui'vivors. Your generous donations are fai. more than financial contributions. they are vital lifelines that pi'ovide the tools foi. hcalin& the means foi. education, and the oppoitunity for economic independence. By investing in our work, you are directly empowering widows, orphans, and aging suivivors to reclaim th¢ir dignity and build a futui'e defined by self-i'eliance rather than loss. Your kindness ensures that the survivors are ntst only remembered but ar¢ suppoi'ted as they continue their courageous journey toward a bettei. life. We arc profoundly moved by your commitment to justice and restoration thank you for being a corncrstone of this enduring mission. Som Hunt MBE, Chair June 2026 Page I

SURVIVORS Fuf4D (SURF) A NOTE FROM THE CHIEF EXECUTIVE FOR THE YEAR ENDED 31 DECEMBFR 2025 The yea]. 2025 1)as been anothei. iinportant year foi. Sui'vivors Fund (SURF) as we continue our commitment to supporting survivors of tlie 1994 Genocide against tlie Tutsi in Rwanda. MOJE tlian tliree decades aftei. the genocide, the Iieeds of siii'vivors continue to evolve. Maiiy of the woinen we siippoi't alE now entei'iiig latei. stages of life, often facing ongoing health cliallenges, economic hardsliip, and the long-tei'm effects of trauma. At the sanie time, tlie children boi'n from the violence of the genocide al'e now adults navigatiRg th¢ii' own futures. SURF I'emains dedicated to walking alongside these individLials and families as tliey Irbuild thell. lives with dignity and liope. Througi)out the yeai., our woi'k focused pai'ticularly on economic empowerment and mental health support for sui'vivoIE and tlieii. families. We siippoitcd initiatives that help siirvivoi's sltengthen theii. livelihoods and 2chieve gieatet. financial independence, while continiiing to expand access to trauma-informed counsclling and psycliosocial caiE. Tlii'ough these effoils, we aim not only to address tl)e lastiiig psychological impact of the geiiocide but also to ensure that survivois have the practieal resourw and opportunities needed to live stable and dignified lives. Noi)e of thi5 work would be possible without the geiiei'osity and coiniiiitmeiit of our supporters, partner5, and donors who stand witli survivors year aftei. year. On belialf of SURF and the coinmunities we serve, I would like to express our deepest g12titude for your continued suppoit. Together, we ale helping sui'vivors move fonvard wit]i stlEngth, dignity, 2nd renewed hope for the fU￿re. Sgniuel Munderei'e, Chief Executive June 2026 Page 2

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees who are also directors of the charity for the purposes of tl)e Companies Act 2006, present tl)eii' repoi't witli the financial statements of the chai'ity foi. the yeai. ended 31 Decembei. 2025. The ti'ustees have adopted the provisions of Accounting and Repojting by Charities: Statement of Recommended Practice applicable to chai'ities prepai'ing Ihcir accounts in accordance with the financial Rep)iting Siandai'd applicable in the UK and Republic of Lreland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITI&S Public benefit The trustees confirm that they have complied with the duty in section 4{1) of the Charities Act 201 I to have due i'egai'd to public bcnefit guidance published by Ihc Commission in determining th¢ activities undertaken by the Chai'ity. Page 3

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE SUMMARY OF THE YEAR Here we higlilight some of oiii. work in 2025 and flag Lip soIne of tlie work that we plan to iindeitake in 2026. The extei'nal enviTonment for fundi'aising Ilas never been more coinpetitive and difficult, so we'i'e pleased to have sustsined our work in tl)is challenging enviiDnment. Counselling Embedding Systein Project (CERP IV) The pi'iiiiary focus of the Coiinselling Embedding System Project (CERP IVI was to stirngthen Rwanda'5 public health system by ti'aining and sensitising Coillmunity Health Offjcei's (CHOS) and Community Health Workers (CHWS) nationwide. The aiin was to ensuiE that awareness of the specific mental health needs of genocide sui'vivoi aiid appi'opriate, sei)sitive patliways foi. tieatment aiid iefettal is enibeddcd within maiiistream coinmunity healtli piDvision. Training CHOS equips tliein with the skills irquired to cooi'dinate CHWS aei'oss distj'icts, d¢epen their understandiiig of the meiital health challenge5 faced by geiiocsde sujvivoi's, and woi'k effectively with Jnental health pi'ofessionals, iJ)¢luding psycliologists based at local health centi'es. Thi'ougli this appi'oach, CHOS are bettej. able to guide CHWS, who serve as fj'ontline volunteeJ% within tlicir coniinunities, to identify survivoi's expeiiencing mental health difficulties and to support timely and appiDpriate I'eferrals to health facilities when eeded. CERP IV builds dii'ectly on d)e succes5 of earlier phases of the pi'oject- most iiotably the Counselling Extensio Reswnse Project {CERP IIT) - whicli focused on sustaining plione-based and peer-suppoit coun8elling sej'vices foi. genocide survivoi's, their dependants, and othei. vulnei'able individuals nationwidc. By sliifting the emphasis towai'ds eii)beddiiig skills and awai'eness within tlie public licalth system, CERP IV lias achieved its intcnded objectives wilhiii its lifespan and strengtliened the sustainability of counselling suppoit beyond project funding. The diicct beneficiai'ies of CERP IV air members of paitner organisations supporting genocide siirvivors, includiiig AVEGA (National Association of Widow5 of the Genocide), GAERG (National Association of Graduate Sui'vivors), AERG (National Studeiits, Association of Genocide Survivoi's), and IBUKA (tlie national umbi'ella oi'ganisation of survivors, associatEon5). lji additioii, the project benefits sul'vivors mol'e bi'oadly by incl'&￿1ng comniunity-level capacity to recognise mental l)ealth needs and rcspond appi'opi'iately. As oi'iginally envisaged in the pJY)jecl d¢5ign, CERP IV sought to 5UPPOJt all categories of genocide sui'vivoi's and related vulnei?bl¢ individuals expei'ieneiiig mejital liealtli challenges by ixising awar¢iiess and improving access to mental health siippoil. Thi'ough ti?ining delivejed to CHOS across multiple disli'icts, the pi'oject has increased professional knowledge and pJ2ctical skills within the liealtli system, enabling CHWS to bettei. understand theii. IDle in supporting both youngei. and older survivors within their communities. At Ilie outset of CERP IV, tlie pi'oject aitned to t12in n)oir tlian 200 CHOS nationwide and to indii'eetly educate appi'oxirnately 1,500 CHWS througli cascade ti'aiiiijig. Tliis approach has contribiited to inipi'oved identification of nientsl health needs, cleaiEJ' refeiral pathways, and incJEased access to psychosocial support, Tesulting in measurable improvements in wellbeing among genocide suivivoi's and their communities. Page 4

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THF YEAR EI44DED 31 DECEMBER 2025 While the pi'imary focus of CERP IV was to train CHOS and raise awareness amtsng CHWS, the national counselling helplines established in the earlier pliases of CERP I'einained fully opeiational tliroughout the pi'oject. Professional counsellors and trained Peer Suppoit Coui)sellors (PSCS) continued to provide phonc-based counselling lo genoeide sui'vivois and i'elat¢d p￿'sonS across the countty> cnsuring continuity of cair alongside the syslem-strengthening woi'k. There were 10,337 calls to the lielpline over the period of the project and as 2 result, 8,438 individuals benefited, including 4,208 unique callers who were able to access plione-based counselling, and 1,466 new non-hclpline Calleis wlio received suppoit. 419 CHOS rcceived training, in addition to 96 new PSCS, who weiE trained in basic rnental liealth awai'eness and in providing psychosocial suppoit to individuals expcriencing mental health challenges. A further 20 psychologists based in h¢alth centres received specialist training on supporting genocide sui'vivoIE. Itcognising their necds as a distinct and vulnerable group i'equii'ing sensitive aiid appiY)priate ¢￿'e. Partn¢i' organisations involved in the projcct - AVEGA, GAERG, AERG 2nd IBUKA - have stiengthened theii. eapacity to suppoit their Ineinbers tlirough increased rcsoui'ees, ti'aining, and professional supei'vision. Counsellors within these oi'ganisations have itnproved their knowledge, skills, and confidencc in delivering ¢ff¢¢tive counselling support. Just as impoilantly, the supervision 5tiuctures established through the pi'oject have enabled eounsellois to share learning, manage thc cmotÉonal demands of thcir woi.k, and strengtiien their own I.￿l[lence, helping to sustain high-quality support for sui'vivors over time. PSCS have continued to play a vital role in reAching survivors within their Communities. Dui'ing the project period, PSCS made 3,573 callouts to helpline calle13 nationwide. An endline sui'vey was conducted with 397 beneficiaries to assess their experiences and p¢Jceptions of the pi'ogramme. The findings demonstrate a clear positive change in wellbeing.. 0 99010 reported that the counselling suppoit helped addi'esg the issu&$ they weiE facing. 0 980/0 reported that the support made aeeessible through tlie h¢lpline w2s effective 0 97/0 I'epoited feeling InoiE hopeful and confident about the future since accessing counselling. 0 970/0 J'epoiled improved ability to manage daily stress and feeling better than before. 0 960/ts iEPOrted feeling emotionally supported and cared for. 0 94 % I'epoit¢d improvements in sleep and feeling more i'ested. 0 950/D I'epoiled impi'oved coping with difficult emotions. 0 95 % I'epoited experiencing joy or peace mor¢ fiequently as a result of the support received. 0 980/ts I'eporled that phone-bascd counselling was available wh¢n tliey needed support. Qualitative feedbaek gathered through focus group discussions furthcr highlights the itnpact of the project. Beneficiai'ies reported that phone-b2sed counselling enabled them to re-engage with aspects of community lifr that had piEviously felt overwhelming. For some 5uI'vivors. this included attcnding genocide commcmoration events for the first time in ovei. 30 years. Training delivei'ed to 419 CHOS has also led to meaningful ¢liange at community level. Thi'ough the cascade of that training* 2,109 CHWS are now better equipped to identify genocide survivors experiencing mental Iiealth challcnges and to woi'k with health centirs to ensure appi'opriate rcfei'i'als. Previously, the specific mental health needs of genocide survivors were not consistently I'ccognised or addi'essed within mainstream sei'vices. By the end of the piY)ject, health centres demanstrated inci'eascd awaieness and readiness to Irccive and support survivors refer￿d for mentil health care. Page 5

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR li fiDED 31 DECEMBER 2025 CHOS, in paitne13hip with CHWS, Iiave also undertaken outreach and awareness-lxising activities witliin cOn￿lUnities, including during coi))Inunity woi'k PIDgiaii￿les, faiiiily eveniiigs, and other local events oi'gaiiised by autiioi'ities. Tliis l)8S iJllPJDved awaieness of available mental health sei'vices and reduced barrici's to seeking support. Finally, the project has contt'ibuted to longer-tenn sustainability. AVEGA has secuiEd additional funding to deploy counsellors at disti'ict level to oversee and 5UPPOrt g￿l0¢1de sui'vivoi's experieneiiig inental l)ealth challenge5. Tliis funding decisioi) was infoin]ed by data generated through tlie hclpline and pi'oject inonitOTillg, deiiionstrating the value of tlie sei'vices provided and ensuring contiiiued access to psychosocial suppoit beyond the life of CERP IV. MC Geiiocid¢ Suivivor '1 tliaiik God foi. the suppoit I ieceived tl)I'oug]J telephone coiinselling. I was close to deatli because of my mental he21tli challenges. l aiii tlie only survivoi. of tile genocide against tlie Tutsi in Iny family, and I was just ten yea old at the time. After tlie genocide, I was i'ai5ed in different families and ill an ojphaiiage. I sti'uggled at school aiid eventually dropped out. I believed my pi'oblems were caused by poisoning from neighboui's, because J did not understand mentsl hcalth. 'Aftei' my husband left Ine with three children, I felt coinpletely hopeless. Suicide felt like the only option. One day soiiieone canie to niy home witl) a siiiall piece of papei. showing a toll-free nuinbei.. I thought it was financial support. When I called, J spoke to a wom2TI Witli a kind voice. Over time, we l)ad around 20 counselling sessions. Today, Iny life has changed eompletely. J am i'unning a small business s¢lling crops at my local market. I love my childitn ai)d tliey aiE doing well. I no longei. ciy evely day. Even though I hav¢ never met my counselloi. in peison, sli¢ lielped I'ebuild my life. I wisli tl)is sei'vice could continue foievei., because many genocide sujvivoi's are still living with decp trauma even after 31 yeais. KE Pi'ofessional Counselloi. "Pei'sonally, it was my fji'st time to woi'k as a counsellor providing phone-based eounselling support. At the beginiiing, we did not E)elieve it would be possible, biit tl)I'ough tlie ti'ainit]g deliveied at tlie stait of the pj'ojeet and ongoing quaiterly refiesliei. s¢ssions, we came to i'ealise how beneficial telephot)e-b8sed Inental liealtli suppoit can be especially for people living in irinot¢ airas or tl)ose with low incoines who cannot afford t17nsport to meet counsellors iji pei'son. This pi'oject was innovative and veiy much needed. We suppoiled many genocide survivors, as well as non-survivor5 who leai'ned about tlie Service tlu'ough radio bi'oadcasts and community meetings. I Jemember one case in paiticulai. where I spent ovei. five liours suppoi'Ling soineone who had attempted suicide diie to tiauma liiiked to faiiiily conflict. It was a veiy difficult case to iiianage iEmotely, but it confii7iied for me liow essential tliis service is. I sti'ongly liope it continues foi. niany years. Page 6

SURVIVORS FUTr4D (SURF) REPORT OF THE TRUSTEF FOR THEI YEAR EIYDEI D 31 DFCEMBER 2025 Youth Entrepitneurship Suppoi't Projeel (YKSP) JD 2021, Clifford Chance and Survivors Fund launched the Youth Eeonomic Empowcrmcnt Pi'oject {YEEP) to suppoit the National Sui'vivoijs Association of Oi'aduates (GAERG) in assisting theii. peei. survivors in Ksgali City, East¢i'n Pi'ovince, and Southei'n Province. The pi'oject taiEet¢d univei'sity graduatcs, s¢¢ondai'y school graduates, and young people who had dropped out of school and lacked income for tliemselves and thcii. families. The YEEP proj¢¢t participants are suj'vivois of the genocide against the Tutsi in Rwanda. Many of those suj'vivois gi'ew up in orphanagcs oi. were cared foi. by diffei'cnt people. This backglDund often hindered theii. ability to study well and achi¢ve good ￿'ades, making it diffjcult foi. them to pursue higher education or secui'e jobs aft¢i' univei'sity. YEEP was developed to suppoit this specific gi'oup, enabling them to develop livelihoods, i'aise theii. living standards, and improve their well-being aiid that of their families. The pJY)jeet initially focused on thi'ee regions of Rwanda. In its first year, YEEP was ii)Iplemented in the tlircc disti'icts of Kigali City: Gasabo, Kicukii'o, and Nyarugenge. Tn the second ycar, the project expanded to t]ie Eastei'n Provirtee, taiEeting districts with a significant number of b¢nefici2ries, including Kayonza, Rwamagana, aT)d Bugesei'a. In its thiiyi year, YEEP focused on the Soulhcrn Province, specifically in the districts of Huye, Nyanza, Kamonyi, and Muhanga. YESP (Youth Entiepreneursl)ip Suppoit Project) has ensured that specifically those young people which conipleled entrepreneu13hip ti'aining dui'ing YEEP have becn able to continue to access assistance from tlic pmject team to successfully start-up their businesscs, and i'eceive suppoit to apply for and repay loans, for a fijithci. yeai. fi'om July 2024 through to June 2025. Those suppoit¢d thj'ough this phase of the project reside and work aci'oss all thi'ee geogjxphies.. Kigali City Eastern and Southei'n Provinccs. The support of Cliffoi'd Clian¢e l)8s enabled GAERG to assigt even more beneficiarics in starting new busincsses through loans provided by our microfinance partn¢i'. Gollien Finance. Th¢ projeet extension allowed oui. staff to h¢lp additional beneficiaries d¢velop strong business proposals and to conduct follow-up visits. offering guidance and advice to those alirady using loans to grow and stabilise their busin¢sses. Enti'epiEneurship ts'ainiiig has empowered young g¢nocide survivois to launch small income-generating activitics, enabling them to suppoit tlieii. faTnilies and build more secur¢, independent futui'es. As a I'esult, tlie ￿l¢nSiOn has enabled the following impact￿[ activities over the past foul. yeai's- o At least 7239 young genocide survivoi's (4,248 females aud 2,991 males) benefited from different various components of the programme over the past foul. ycars of YEEP and YESP. o In total, 4,116 young survivors l)ave i'ec¢ived entrepreneurship Iraining since the start of the project. Following the training beneficiaries have foi'med into a total of 51 savings gi'oups in theii. communities through which they have bcgun saving befoi'e applying foi. loans froin Goshen Finance. o Over the past year of YBSP, consequently) 923 pai'licipants have saved 16,709,000 Rwf (c. £8,500), and the totsl amount of savings aeci'ued ovei. the total project iEached to 83,201,306 Rwf (e.£42,500). o YESP enabled young genocide survivors to increase their income through job ci'eation, with 133 participants starting new small businesses using loans fi'om both Goshen Finance and th¢ir own savings. In total. ov¢r 1,000 new small businesses have been set up through the dui?tioii of the pi'oject. o Tlic total loans disbursed to benefi¢iari¢s since the stait of the pj'oject has amounted to 171,853.266 Rwf {¢.£88,000) whicl) is inci'easing ycar-on-year ￿ loans are I'ecycled to suppoi't more new businesses. o An intemship prograin, designed at ihe beginning of tl)e project, saw 112 young people participate to gain new skills across various domains in the past y¢ar. In total we have hclped 307 project participants s¢cure intei'nships since the piDject commenced. Page 7

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR El+lDED 31 DECF,MBER 2025 o Out of 448 loan applications submitted to Goshen foj. evaluation and disbursement, 133 businesses were awai'ded loans. Loaii officers and pix)ject staff continue to assist Inoie young people in accessiiiLT additional loaiis. And Inore loans ale becoining available as tliey al'e repaid, aiid the capital is theji loaned out again. o GAERG has redeveloped theij. website and updated it witli new content, atti'acting 150,000 visits fi'om people seeking infoi'inatioii i'elated to jobs and soft skills. The pi'oject tiained 190 young sui'vivoi's iii tlie work readiness pi'ogi'am, helping them to wi'ite moiE Coiiipelling Cvs and application lettei's. This addiess¢d a coiiiinon issue ainong genocide survivoi's, who often sti'uggled witli applicatioi) writing. As a iEsult, 83 young survivors secured intei'nships in botli private 2nd public institutions, and J5 of tliein obtsined einployment, enabling them to financially suppoit theii. families. ria Cyi'iaque is a 32-Ye￿._old single young genocide sui'vivoi. who has beiiefited fi'orn enti'epiriieurship trnining thj'ougl) YEEP and accessed a loan tlii'ough Goshen Finance dui'ing YESP. Before joining the pi'ogramme, Cyriaque alirady liad a small business, but it lacked diiection. His product l'ange was very limited, and the location whei'e he operated did not atti'act I'eliable custoinej's. Recogiiising tiiese challenges, he chose to attend the entrepi'eneui'ship ttzining to gain the skills needed to impi'ove his busine5S, although he did not eX￿¢t Iiiucl) beyond tliat. "l attended the ts'aining to learji how to i'un my business nothing else. During the training, a loan officei. came and explained to U5 liow Goslien pi'ovides loans. Tliat discussion conviiiced me to take out a loan, expand my business, and Inove to a better location where I coiild atti'a¢t more custoinei's. Before, Jent was a big woriy beCaL￿e it W85 $0 cxpensive. l applied foi. a loan of 1,500,000 RWF (c. £790), which allowed Ine to buy new mat¢i'ials and pay for a bettei. Shop space. In ti'aining, we learned tlial business positioning i5 critical. Today, I'm veiy l)appy with my progi'ess. My business now has cle&. direction. I can pay my l'ent on tiine, cover personal expenscs, and even n)anaged to buy a piece of land oiitside Kigali woith 4,000,000 RWF (c. £2,100). My business todiy 15 valued at over 10,000,000 RWF {c. £5,200)." Cyriaque is decply gi'ateful for the impact Y8EP has had on his life. The training and loan access ti2nsfoi.ined how he thinks abolit and plans for his business's future. YEEP and YESP has enabled GAERG'S beneficiai'ies to ci'eate small businesses that provide sustainable souires of inconie, l)elping thejll bl'eak the cycle of poveity and dependency on aid. This economic cinpowerment allows young genocide sui'vivors to r¢build tiieir lives with purpose and s¢lf-worth, counteracting tizutna and feelings of hopelessn¢s5. Taking chai'ge of their livelilioods gives them a sense of Conti'ol ovei. their future-aii essential part of healing fi'om the psychological impacts of LFeiiocide. Josee Josee is 32 years old 2nd married. Sl)e lives in GasatK) Disti'i¢t, Kigali City. Sl)e is one of the b¢n¢ficiaries wl)o paiticipated in the entrepreneui'ship ti'aining and received A loan during YESP froin Gosl)en Financ¢ of 1,400,000 RWF (c. £735) to stait her own busiiiess. Josee identified a sti'ong local iTreed foi. a boiitique selliiig eveiyday essential items, especially cooking supplies, because most people in lier conui)unity had to tizvel long distances to buy these goods. Aftei. gi?duating fiDm university, Josee's life becaine very dityicult. Without stait-lip capital oi. employinent oppoitunities, she lost liope foi. the futiire, especially a5 hei. l)usband was also iinemployed. Pagc 8

SURVIVORS FUTr4D (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DF.CEMBEI R 2015 "l i'eally thank God for the life I have today. I had reached the point of thinking about attetnpling suicide because of the poverty in my family. I ti'led Inany ways to get suppoit but failed. Wlicn YEEP began, I was selected lo ttend the entrepjeneui'ship tsaining. Honestly, l joined without any hope of getting something to help Jne start my business. I thought il would just be a way to waste timc i1151ead of staying at home all day. Fortunately, after the ti'aining we were able to get loans and start small businesses gencrating income. I had always wantcd to i'un a boutique, and l iinplcniented Iny plan. Today, my life has changed completely - from worse lo good. l ean now manage all tl)e personal expenses tliat requii'e money, feed my family> and pay school fees for my children. My husband suppoi'ls me in thc business, and we believe that in th¢ ncar ￿tUre we will expand even fuithei.. Today, the value of my busincss is ovei. 5,000,000 RWF (c. £2,600)." During the ti'aii)ii)g, Josee began sei'iously planning how to launeh hei. boutique business, despite not having any capital. She even asked a friend foi. lielp, hoping she would eventually secui'e a loan and ensure no onc else in the area would stait the same business first. She began with just 5 litres of milk {without a fridge) and & few essential items- dclermined to put into practice what shc Icarned in training. Aftei. reeeiving the loan, she expanded her boutique significantly. She pui'chased a new fridge, enabling her to s¢II 30 litres of milk pei. day* and inci'ca5cd hei. stock of essential items. Today, her boutique is a successful, growing business that not only sustains her family but also meets a vital need in her community. Peer Coun5elliDg Programme SURF'S p¢¢r counsclling programme, funded and deliveitd in partnership with Nctwork for Africa. supports around 300 survivoi% of the Genocid¢ against the Tutsi in Rwanda evely ycar lo addi'ess theii. PTSD disordcr by providing a structured and stfe enviiY)nment wliere they can sl)are theii. trauma and experitnccs. Participants are selected through partnei'ships with organisations including AVEGA INational Association of Genocid¢ Widow5) and AERG (National Student's A550Ciation of Genocide Survivors) to eJ)sure prioi'ity access for those most in need. In January 2025, 276 sui'vivoiB (195 WOTnen and 81 men from Huye and Rwamagana districts were eni'olled. They foi'mcd 12 pcer counselling groups and elected 24 participants to become peei. support counsellors (PSCS), who moderate and lead the fortnightly gi'oup eoungelling sessions, follow up on partieipants who expcrience particular difficulties and I'efei. JnoiE complicated cases foi. extra support to SURF'S counsellors. During the yeai. a total of 264 group counselling sessions and 830 individual sessions wei'e delivejrd. Counsellors can'ied out 82 home visits and peer suppoit counscllors conducted a fuithei. 215, offci'ing family therapyy conflict r¢solution and psychoeducation. Between them, they also lielped i'esolve 35 family and community conflicts, including disputes linked to propei'ty, i'elationships, aleohol misuse and neglect of responsibilities. Attendance across the year remaincd higl), avcraging 92Yo. Page 9

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDEI D 31 DECEMBER 2025 In 2025, we I'an peei. counselling groups foi. oldei. survivors as well to addie5s PTSD, depiession, anxiety and isolation and to inti'oduce coping i11ecli￿)ismS for age I'¢lated challenges,. strengthen suppoi'l networks and promote intei'generational l)ealiJig and Irconciliation. Tlie gi'oup ineetings pi'ovided much needed social interaction, and the paiticipants al'e now i'unning small businesses and have staited savings schemes. Bi'inging the older gi'oup togetlier with tlie youiiger groups lias facilitated dialogue and reconciliatioii, by pi'oviding a platfoim) foi. elders to shal'e tlieii. expei'iences with yoiinger survivors and assist in rebuilding bi'oken I'elationships. It lias fosteird greatei. intClEenei'ational understandiiig and eiiipathy, with the younger genocide SUI'ViV013 Vlsiting tl)e elders, assisting theni with tlieii. vcgetable gardens and other liouseliold choirs. The initiative has proved highly succe55fi11. April 2025 marked the 3 1st AnniveJ3aJy of the 1994 Genocide against tlie Tutsi in Rwanda. SURF cai'ried out aW￿.ellesS raising in secondaiy scI)ools to piepw'¢ second-genei'atioi) SUl'VlVOJ3 foi. the stait of the eonimeinoi'ation pei'iod and to sliaiE information about counselling services. 1.lie commemoration evei)ts 'iggeird ti'auiknatsc episodes foi. 35 pai'ticipants, wlio all recovei'ed, through eounselling. After some Jnonth5 of meeting in their peei. counselling gi'oups the paiticipants becanie niore iiivolved in their local communities and the lives of theii. peers. In 2025 they assisted fellow groiip inembejs With 50 small coiillnunity work projects sucl) as building lattiiies, planting vegetablelkitcheji gardens, assisting witli l)arvests and iyiiovating kitchens. They also visited each otl)er in theii. hoiiies to suppoit those who weir loiiely. These ale all things that receive no goveinment support, and tl)is sense of coirnnunity is sotnething tliat t]ie p￿.licIpartt8 llad not expei'ienced before. In order to be able to measui'e impact. a baseline and end-of-yew. survey of 60 paiticipants was cai'ried out at the start and end of 2025. The outcomes wei'e striking. By tlie end of the yeai., the pi'opoition of paiticipants I'epoiting isolation l)ad fallen from 82D/o to 19D/o. Repoi'ts of depi'ession fell fi'om IOO/o to 51 %, while suicidal thoughts fell fj'oni 870/0 to 30/0. These are significant iesults) particularly given tlie lojig-teiyn and coniplex trauina many participants carry. Tiaining and supei'vision JEmained central to deliveiy. Th¢ 24 peer support counsellois reccivcd ttaining in trauma counselling and in leading peei. gi'oups effectively, and SURF'S counscllors pi'ovided foul. rounds of clinical supei'visi(In duiing the yeai.. Coii)munity-facing work also IEmained iinpoilant. Four psychoeducation sessions in secondaiy schools in Huye Iraclied 607 young people, and during the 31 st conimemoi'ation of the 1994 Genocide against the Tutsi, 36 beneficiai'ies expei'ieneed ti2uma crises but all iEcovered with support from SURF'S counselloi3. Cominunity fccdback was given by local govei'nment I'epresentatives who thank¢d SURF foi. bi'inging young sui'vivoiy togetliei. and expressed appreciatitsn for tlie pi'ogi'ess they l)ave made in leai'niiig to be independent. They noted that th¢ peei. gi'oup coiinselling services assisted in reducing family conflict and suppoi'ting national development. Participants said tliat the pc¢i' couiiselling pi'ogi'aiiijne had bi'ought tliem togethei., lielped tlieni leai'n Iiow to save Inoney and problem solve. They al'e giateful for socialising with theii. peers because they no longei. feel alone. They have leai'nt to manage and conti'ol their einotions, wliich helps them to di1[￿ positively. Soine peei. eoujiselling gi'oup members l)ave been elected to local govei'nment positions, having found the coi)fidenee to put themselves forward. The PSCS alE giatefiil for tlie support tliey have received foi. ovei'eomiiig lon¢liiiess, which has built theii. self-confidence and enabled them to become role models in tl)¢ii' cominunities. Page 10

SURVIVORS Fuf4D (SURF) REI PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Dll CEMBER 2025 SURF bi'ought ovei. 1,000 community member5 together during 2025, to i?ise xW￿.e￿esS about Inenlal health issues. U i5 a 32-year-old single mollier and a genocide survivor living in Huye District. She has a tw0-ye￿._OId child. In 2016, she completed Senioi. Six (S6) in Corni)uler Science. She was born into a family of four Children, two boys and iwo gil'ls, of whicli sh¢ is tlie youngest. Hei. fatl)ei' and two older brothers were killcd during the 1994 Genocide against the Tutsi. She survived tog¢tli¢i' with her mother and sister. Her psychological difficulties wei'e mainly related to grief following the loss of her mothei. and depi'ession caused by deception of hei. husband. In 2017, her mother became ill and latei. passed away. U was deeply affected by her mother's death, especially as hei. mothei. dicd while she was with hei. ill the llospital during tieatment. following this loss, U became seveiely depiessed, felt rejectcd, expei'Éenced insomnia and fiequent hcadaches, and repoi'ted feelings of hati'ed towai'd otha's. She also had recuiitnt thoughts of suicide and death, as she felt uncertain about wh¢r¢ and how she would live. At that time, neither she noi. her oldcr sister was employed. They suppoited each othei., as th¢ii' mother had been the family's main provider througli farming. Aftcr h¢r mother's death, U began learning farming activitics and ¢ontinued living under dilficult conditions. In 2023, she fell in love with a neigliboui. who pi'omised to live with her and build a family togeth¢i'. However, after she became pregnant, he rejected hei. and moved to Kigals. She gave birth under very challenging circumstances. Hei. sistei.. who woi'ks at a hcalth centre. provided supwit to her 2nd the baby. U PlEsented as qui¢t and s￿, expressed self-blame i'elated to the unplanned pregnancy, and felt she had b¢¢ome a bui'den to her sister. She reportcd insomnia, frequent headachcs, and symptoms consistent with depression. U rceeived both group and individual eounselling focused on gi'icving the death of hei. mother and family members lost during the Gcnocide, as well as accepting other negative life events. Through 2Ctivating positiv¢ resource5 su¢lI a5 valuing her life, stress reduction techniques, i'elaxation ex¢r¢ise5, problem-solving skills, stress management, and embiacing hcaling-focused practices she was abl¢ to strengthen her coping abilities. Cuttently, her condition l)as improved. She has changed h¢r negative thought pattei'ns and started searching for employment. She has now seeured a job and is working toward a better future Young Survivors nti'epreneurship Project Mor¢ than th￿e decades after the 1994 Genocide kgainst the Tutsi, many young sui'vivors in Rwanda continue to live witl) tjie long-terni social, emotional, and economic ¢onsequenees of ll)e t12gedy. Poverty, limited access to education and cinployjnent OPtX)i'tunities, and the loss of family suppoit systems have made it difficult for many survivo]s to seeure stable livelihoods through conventional employmcnt pathways. In this context. entre￿'eneUrship is not simply a means of in¢ome genei'ation it is a pathway to dignity, resiliencc, and self-reliance. By equipping young genocide sutwivoi3 with pi?ctical business skills, fsnancial literacy, and access to stai't-up capital, entt'epiEneurship enabl¢s them to ei'eate their own opportunities in environments whei'e foi'mal employment remains limit¢d. Small businesses genei?te income for individua15 whilc also contributsng to community development, job creation, and local coonomie recovery. Pagell

SURVIVORS FUP4D (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEI MBER 2025 Entrepreneui'ship also plays a ci'itical psycliosocial role. Engaging in productive woi'k, Setting goals, and expei'ieiicing business success help restoir coiifidence, pui'pose, ai)d hope. For Inany sui'vivors, tiiis pi'ocess suppoits healiiig by shifting theii. ideiitity fi'om vulnei'ability to agency and leadei'ship within their coininunities. Pi'omoting enbrpirneurship among young genocide survivors is thei'¢foiE both an economic aiid a social intervention. It sti'engtlieiis long-tenn resilience, etthai)ces cominuiiity stability, and einpowe13 siirvivoi's to actively sliape a more secure and prosperous fvture for themselvcs and foi. Rwanda as a wl)ole. Witli th¢ suppoit of Network for Afiica (N4A), Sui'vivors Fund has been able to implement an entrepreneurship ti'aining pi'ogrÉunme designed to equip younLF survivois with the skills needed to IEsponsibly access and utilize loaiis while implementing viable business ideas. At the stsit of the pi'ogramine, N4A cstablislied a loan guai7iitee fund of 5,000,000 Rwf in partnei'sl)ip witl) Goshen Finance. This fund ei)ables youiig gcnocide siirvivots to access loans without the J)eed foi. t12ditional collatei'al. We sincei'ely appJEciat¢ Goslien Finance foj. theii. willingness to utilise and leveiage this gua12ntee rund to suppoit vulnerable young entrepi'eneui's. Between 2022 and 2025, 989 young sui'vivoiE wlio completed the peei. couiis¢lling pi'og12mme also successfully conipleted entrepreneursliip ti'aining covering key bu5in¢55 and financial topics. Duj'ing the year, 70 beiieficiai'ies applied for Jnicroloans and 40 wei'e appi'oved, with a total value of RWF 20,000,000 (£10,220). Ninety-four beneficiai'ies staited a business and 29 secui'ed employtnent. Since the Goshen miciY)finance scheme began in 2022, a total of RWF 40,500,000 (£20,695) has been disbui'sed. llie link between Inental healtli and livelil)oods i'emains clear.. at tl)e start of the pi'ogramme, 70/0 of p211icipants said tnental liealtli difficulties often pievented them froin working or carning an income. by the end of tlie year, 730/0 said this was longer tlie case, wliile only 30/0 said they still faced this barri¢i'. Survivoi. '1 don't even know how to express my g12titude foj. this pi'oject. I finished high school very late because of the mental l)ealth cliallenges I faced foi. maiiy yea13 related to tlie genocide. I lost my paients and siblings dui'ing the 1994 Genocide against the Tutsi and suivived alone as the only sui'vivor in a family of seven. 'Aftcr the genocide, l attenipted suicide several times, but I survived. l joined a peer counselling gi'oup thinking it would be a wast¢ of time, as l just didn't want to stay home alone. However, things began to chang¢ froin the very fii'st day. We leai'ned illany topics, including how to rebuild our lives and plan for the future. 'Aftei' six months, we received enti'epieneurship ti'aining. I latei. took a loan of 500,000 Rwf fi'om Goshen and stai'led a sewiiig business, building 011 skills l aliEady had. Today, l earn a stable income froiii Jny business, Iny life lias coiiipletely clianged, aiid I no longei. struggle witli suicidal tl)oughts. My long-teiin goal is to open a shop in my comniunity. My monthly incon)e ranges between 50,000 and 70,000 Rwandan fi'an¢s aftei. expenses." MC Youn Sui'vivoi. "Tl)I'ougli the peei. counselling group, iiiy family life changed con)pletely. I did not have the oppoi'tunity to go to school because I was responsible foi. caiing for i?iy younger siblings after tsui. parents wei'e killed during the genocide. I worked hard to pi'ovide food foi. t]ieni while et)sui'ing they attended school. Pagc 12

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THI YEAR ENDED 31 DECEMlllI R 2025 "Aftei. tliey completed high school, I got mairied and latei. Iiad two children. Unfortunately, Iny matyiage became abusive, wliich WOTsened my mental healtl), and w¢ eventually divoiced. I sti'uggled greatly to provide for Illy children. "After joining th¢ peer counselling group> I ieccived mental health suppoit aud later attended enti'epi'eneuiship training, whei'e I leai'ned financial literacy and small business management. Taking a loan fJx)m Goshen was one of tlie hardut decisions I had ever made, bul it transfoi'med iny life. I started a business ti'ading cl'ops in th¢ local market, i'epaid the loan, and began 5iving. "Today, I can meet my family's basic needs without depending on others or local authoi'ities. My busincsi is progressing well, my childi'¢n attend school regulaJ'ly* and I have regained my self-¢onfid¢nce and dignity. Good Gifts Project Through funding fi'oill the Good Gifts Catalogue, an initiative of the Chai'ities Advisory Ti'ust, we have extended our suppoit to thousands of widows and oi'phan5 that are beneficiaries of oui. ongoing livelihoods program, enablsng them to become mol'e independent and self-sufficient. Sui'vivoi's Fund (SURF) aims to all¢vi&te the inipact of poverty on vulnei'able survivors by str¢ngthenii)g theii. families to se¢urc viable livelihoods. The funding from Good Gifts lielps to set up income gene12ting projects whicli empower communities to figlit povcrty and take more active role in detemjining their lives. Many survivors have been supported, r¢¢civing livestock, agricultural mal¢rials. solar lights and cookers, meals foi. schoolchildren and much more. The suppoit fi'om Good Gifts has played a significant l'ol¢ in enabling us to empower vulnerable suivivors and theii. dcpendents. The livelihoods pi'ogiaTnme has helped beneficiai'ies to itnprove theii. lives. Foi. example, th05¢ that l)ave received solai. ligl)ts and clean cookstoves arc making savings for theii. households a5 they are no longer spending on kerosene, as well as saving time used to collect fiiEwood. For that support they, and we, are greatly appreciative. Amongst the gifts we have donated this yea]. are.. Solar Li hts for Survivors Access to light is more than a basie need it is a souire of dignity, safety, and hope. Foi. tnany genocide sui'vivoi3 living in rcinote areas without electricity, nightfall often brings isolatioii, insecurity, and hardship. Without light, childi'en cannot study, families struggle to function aft¢i' sunset, and survivors upecially those living alone- face fear and vuln￿.￿bilIty in the dark. Thanks to the generous support of Good Gifts, forty survivors in Kamonyi Disti'ict have received solai. lights, bringing brightness and comfort into theii. lJomes. While Rwanda continues to expand access to electricity, many families in I'iiral areas i'emain unconnected diie to distance and cost. Solar enei'gy pi'ovidcs a sustainable and affordable solution that immediately transforms lives. Beyond illumination. these solar lights enhance safety, reduce the i'isk of accidents and gendei'.based violcnee, 2nd allow survivors to cai'iy out small income-geneiating activities in the evenings. They also piDmote envii'onmenlal pi'otcction and economic savings by r¢ducing reliance on kerosene and fii'ewood. Page 13

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Immaculate, one of the recipients, expressed Iiei. gratitude. My heart is full of joy. My iieigh-boui3 and I have waited years foi. electricity, but tlie distance and cost n)ade it ii?Ipossible. This solar liglit iiieans so much it Iielps Iny childi'en stiidy, allows us to cliarge oui. plioi)es, and saves us inoney. Befoi'e, l Lised to walk two hours just to cliarge n)y phone. TIIis 15 lifc changing. For these sui'vivors, light has become a symbol of ienewal - Irstoring dignity, safety, and the confidence to look forwai'd with hope. Cookin Stoves Cooking is a daily act of cair, but for many sui'vivojs, it has long been associated with struggle - smoke-filled homes, scarce firewood, and long how's spent gatl)eiing fuel. Tlirough tl)e support of Good Gifts, foty-five sui'vivoi's in Kamonyi Disti'ict received in)pi'oved cooking stoves that air ti'ansfoi'ii)ing theii. wellbeing. These stoves i'educe liai'mful snioke, use less fijel, and make cooking faslei., safei., and mol'e affoi'dable. Jeanette, one of the beneficiaries, shared.. 'We are so happy to receive these stoves. Most people in I'uial areas still cook using the ti'adilional tliiEe stones, whicl) require a lot of firewood. Firewood is now expensive and liai'd to find. These new stoves use less ch￿'cOal and are safei. foi. our families. l am deeply ￿'atefUl. Tl)e improved stoves not only protect l)ealtli and tlie envii'onment but also fl'ee up tiiiie foi. survivors - especially elderly woinen 2nd widows to focus oli otlier income-generating activities. They are a pi'actical and compassionate solution that pi'omote5 health, dignity, and sustainability. Sanitai Pads No gil'l sl)ould miss scliool because of hei. period. Y¢L for many young girls in iui'al Rwanda, this remains a painful reality. With support from Good Gifts, fifty gil'ls fi'om NY1r￿'Ukobw& Pl'jin￿Y School received sanilaiy pads to help them continue their studics witliout intei'i'iiption or cinba¥rassinent. T]ie school's head teachei. explained.. 'Some of oui. gil'ls fi'oin pool. families nii55 school during ti)eii' pej'iods. This suppoit ensui'es tiiey can att¢nd classes confidently and foeus on learning." Aceess to n)enstrual pi'oducts Rstoi'es dignity, protects liealth, and promotes equality. It allows girls to stay in school, perform better, and believe in theii. potential. Suppoiting them in this way is an inve5tnicnt not just in theii. education, but in thcir future and the futui'e of their coinmunities. Books and School Materials EducatTon reiiiains tl)e most powerful tool to bl'eak tl)e cyele of poveity> yet Inany cliildien in rural airas attend school witliout even tl)e iiiost basic supplies. Tlirougli Good Gifts suppoi't, one Iiiindred students At Nyirai'ukobwa Primary School irceived scliool iiiatei'ials sucli as books, peiis, ai)d bags. Mr. Kalisa, tlie head teachej. at the scl)ool, shared.. 'Our students cotne fi'om vei'y pool. families. Some walk long distances barefoot, and others use one notebook foj. all subjects. These materials will make a jeal difference - they will lielp them stiidy better and feel proud to come to school., Having pi'oper scliool matei'ials boosts motivatioji and confjdence. It creates equal learning oppoitunities and eases tlie financial bui'den on fainilies. Eacl) cliild who walks into class piEpaiid and pi'oud is a step closei. to a brigliter future. Page 14

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEI ES FOR THE YEAR ENDED 31 DEI CEI MBFR 2025 C2m)t Cultivation Agricultui'e offe13 both livcliliood and liealing. With the support of Good Gifts, several suivivors have been able to stait or expand cai'rot fai'n)ing projects, receiving seeds, feitilizeis, and agricultural training. Julienne, one of the beneficiaries, shaiEd.. "Befoie, I girw oiily a small pateh of cai'i'ots. Now, with the seeds and training I received, I've expandcd my garden. l expect to earn ovei. 400,000 Rwf {£200) fi'om this harvest- four times what l ea]'ned before." Carrots not only geneTatc income but also provide essential nukn'ients for sui'vivoi3' familie5. Faming helps them rebuild confidenee, iegain purpose, and reconnect with theii. coill]nuniti¢s. Tending the soil and watching it yield results brings healing to liearts and hojnes. Banana Plantations Bananas al'e central to Rwandan life and an important source of food and incoine. With the support of Good Gifts, sui'vivors have i'evitalized banana plantations, helping them improve food security and gen￿'ate steady income. T])eogene fiDm Rwamagana District shared.. "Befoi'e receiving this support, my bananas were only foi. family consumption. Now, I sell some at the markct and carn about 10,000 Rwf (£5) every week. I've even starl¢d I'enovating my hous¢. Thi5 SUPPOI't has changed my life." Banana farming PlDvides more than income prornoles independence, food security, and community rebuilding. It ¢nables survivors to stand on theii. own feet and look to the futUlE Wlth i'encwcd hop¢. Onion Farmin In Musanze District, survÉvors supported by Good Gifts are finding new str¢ngtl) through on-ion fam)ing. With quality seeds and agi'iciiltural trainingi their productivity and incomes have grown dramatically. Chantal shared proudly.. "Bcfoi'c, J hai'vested only 100 kilograms of onions. Now, with this suppoil, I produce 500 kilograms earning 1.5 million Rwf (£750) evely hai'vest. I can now feed my family, pay school fees, and even afford health insui'ance." Oniot) famjing not only boosts income but also helps suivivors iegain a sense of pride and belonging. Working togethei. in farniing cooperatives pi'ovides connection, heiling, 2nd hope-key ingredients for rebuilding life afta. 105$. Watei. Ta[￿5 Aeeess to clean water is a fundamental human right. In BUg￿era Disti'ict, wheir water shortages air frequent, the installation of a wat¢J' tank at Nyii'a]'ukobwa Primary School has bi'ouglit re-lief and joy to hundiEds of students and teachers. The tank provides a rcliablc supply of clean water for drinking, hygiene, and sanitation - im-proving health and leaming conditiOll5. It has reduced the burden on students, espccially girls, who used to 5p¢nd houi'5 fetching watei. instead of attending class. Now, the school community cnjoys a cleanei. and healthiei. environment, where children can learn, thi'ivc, and dream without intei'i'uption. Fouiidation Rwaiida Programme Thi'ough funding from Foundation Rwanda, Survivors Fund (SURF) is currently addressing the education and couns¢lling ne¢ds of young people conceived tlll'ough rape dui'ing and undcr cii'cumstanees dii'ectly related to the 1994 genocide committed against Tutsi in Rwanda. The ehallenge foi. the affected molh¢rs and children is that FARG, the government body that assists vulnei?ble suivivors of the genocide, does not consider these young people cligiblc foi. suppoit because they were boi'n after genocide and thus air not by definititsn survivors. Howcver, they are Itcognssed to be a particulai'ly vulnerable and Ma￿InalISed population. Page 15

SURVIVORS Fuf4D (SURF) REPORT OF THE TRUSTEES FOR THE YEI AR NDEI D 31 DECEMBER 2025 Since Foundation Rwaiida's inception in 2007, Survivoi's Fund (SURF) lias been tlie key partnei. in providing life-clianging services to the Foundation Rwanda faniilies, which has lielped nioi'e tlian 1,700 women and th¢ii' offspi'ii)g. Uiiemployment is at a liigli rate ij) Rwanda, especially ainoiig young people. Teclmical and Vocational Education and .1 12ining (TVET) has been a pi'incipal solution to addiess yoiith unemployjnent because g17duates witli a trade are Inoie easily able to start their own busiIiesses, cleat¢ job oppoitunities and sustaii) tliemselves and tlieii. faiiiilies financially. In 2025, 26 new youth were supported to access TVET tIuDugl) funding for i'elevant coui'ses aiid pi'ogi?iiinies. Eve[] though foundation Rwanda have suppoited many young people to attend TVET courses and over 486 of them have gi'adiiated with adequate knowledge and skills, mai)y of those gi'aduate's face unemploymeiit cl)2llenge and do i)ot have the capital to start tlieii. own biisinesses. To addirss this cl)alleiige, Foundation Rwanda lias set up a Sn)all Business Innovation Fund pix)gi'amme to provide capital to youth wlio want to start small businesses. li) 2025, 27 youth have been sponsoi'ed to start theii. own businesses and theje is a plan to suppoit more youth in the ne￿. future. Tlie students who have gi'own into ii)spii'ing, hopeful young adults now face the challei)ge of secui'ing jobs or attending university while grappling with the circujnstaiices of theii. biitli and tlie legacy of ti'auina. SURF remains ¢omniitted to continue iii)plemciiting Foundation Rwanda's programs witl) our local partn￿. organizatioi)s, Solace Ministi'ies, Kanyarwanda, and AVEGA Agahozo. Jean Jean 1.% 30 years old from Gasabo Disti'ict, Kigali City. He is an oi'phaned youth who was identified amoiig those wlio would receive vocational ti?ining afiei. completing secondary school. He shaird the following.. '1 completed secondaiy scliool in Huinanities in 2019. Since then, I have been 5¢airliing for a job but could not fiiid oiic. Poveity and the cl)allenges of being orphan affected me deeply, as L had to take cw'e of my grandmother aftei. my niothei. passed away when I was yoiing. She is tl)¢ one who I'aised Ine. Foitunately, Fouiidation Rwanda suppoited me to continue my cducation tluough vocational ts'aiiiii)g. I Iiavt now compl¢t¢d a one-year slioit course in cai'pentry. The piY)fession I studied is in liigli demand, and even dui'ing the last holiday, J staited tsking on casual jobs in the Gisozi workshops ai'ea, sej'ving many clients across Kigali City. While I was unemployed, l often felt j501ated, went to bed hungiy, and soinetimes even contemplated suicide. Howevej., vocational training has helped me overcoine isolation, interact with otliers, aiid r¢dii'ect my tliougl)ts in a positive direction. My gi'andmother, wl)o once saw me as a bui'deii, now sees n)e as a soui'ce of suppojl, and l am coinmitted to takii)g care of heT. l aill veiy giateful to Foundation Rwanda foi. tlie oppoitunity to acquii'e vocational skills. I have staited working eai'ning 200,000 Rwf Ic. £1 00) per inoiidi, aiid I plan to save niy cai'iiiiigs. My long-tei'in dream is to own Iny own carpentry woi'kshop within tlie next five yeai's, including a sales counter foi. the items I produce." Page 16

SURVIVORS FUl+4D (SURF) RFPORT OF THE TRUSTII ES FOR THE YEAR II NDEI D 31 DFCEMBER 2025 Community cou￿se111￿g Initiative (CCI) Through eounselling for won)en victims of genocide rape, Suivivors Fund {SURF) and Foundation Rwanda have provided couijselling in a well-striicturcd pcer support appi'oach to over 850 moth¢rs thiDugh our Community Counselling Initiative. Of ihese, a fu]ther 50 itceived counselling during 2025. The pi'oject includes in-depth moniloi'ing and evaluation, sui'veying thc women before, dui'ing and aftei. woi.king in the counselling groups. This provides the ability to track the changes in tlieir circumstan¢¢s and monitor their wellness, whilst also providing feedback to ensure that the counselling giDUPS ai'e having a tx)sitive impact and are helpful to the women. These women, who were previously mai'ginalised, stigmatised and alonc in theii. ts'auma, can build theii. confidence and self-esleem, increase theii. knowl¢dg¢, enliance positive emotions and reduce shame. The counselling groups also helped to iTnprove relatioi)sliips with their ohildien and family. Since 2016, we have extended the approach of gi'oup coungelling to develop community counselling foi. the ehildren of the women suivivors too, as youth born of rape face gi'¢at challenges iylated to trauma and social stigma as well. They air de5ci.ibed as can'iei's of "deviant g¢nes" and al'e often mai'ginaliscd in theii. families and ommunitses. In instances occun'ing during wartitne, many societies havc adopted hateful labels such as "childi'en of shamc" oi children of bad memoiy Many mothers are stalling to speak out against the negative pcrc¢pliotlS 2nd stigma associated with children of i'ape and di5olosing to theii. children the circuinstanccs leading to their biith. Many mothers attest that after disclosure the children now youth, need psychological support. The youth retreats in 2025 bi'ought togethei. 30 youth to receive group counselling, reproductive health training and cai'eer guidanc¢. This hAg provided vital support and assistance otl)eiwise unavailablc to tliem. MF* MF, 56 y¢ars old, from Ktcukiro District, Kigali City, is a mother of tm'ee children. She survived multiple incidents of sexual violence during diffci'¢nt periods of her life, including during eai'ly childhood, the pcis¢cution of so-called collaborntors prior to the Genocide, and during the 1994 Genocide against the Tulsi. MF lived for many yeai's with unresolved gi'ief and cmotitsnal pain resulting from thcsc ti'aumatic experiences. She shwrd her story as follows.. My lif¢ h2$ been difficult since childhood. 1105t tny mothei. at a young age and was raised by my stepmoth¢r. As I grew older, pain and suffri'ing continued to follow me. Eventually, I reached a point of complete hopclcssness. My childi'en believed I did not cair about them because we wei'e always in conflict, and I was unable to listen oi. undeistand anyon¢. I suffered fi'om severe headaclics, insoinnia, and deep guilt about wl)at had l)app¢ned to me. l often questioned why I survived and sometimes felt it would have been better if I had di¢d. Through group eounselling, MF came to undcr51and the connection between her past ti'auma and hei. pr¢5ent family conflicts. She continued: Page 17

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 "Tl)e counsellii)g group lielped Ine I'ealize that Iny eoi)flicts witli iiiy ¢liildiEn weir rooted in the emotional wouiids of Jny past. I leai'i)ed to understand myself and becanie Iiurnbler and JMOIE eompassionate toward my childi'en. Today, we live togethei. in pea￿. OJ)e of my cl)ildien, who liad SLiicidal thoughts, was icferird by tlie COl1115ellors to a health centi'e and i'eceived ti'eatment for depi'ession. He is now doing much better. A5 a faniily, we have regained a sense of life and can now undei'5tand eacli othei.. Page 18

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDEI D 31 DEI CEI MBER 2025 ACHIEVEMENTS AND PEI RFORMANCE Summai'y of the y¢8r Legal gnd Counselling Helpline Tlie Le al and Counsellin Hel line (Helpline) was establislied August 2013 as a pailnership between Suiviv013 fund {SURF) and AERG to fill th¢ gap in support for young suivivois of the genocide against the Tu15l Witl) legal and mental licalt]i challenges, and other i'elated vulneiable young pei'sons, so tliat they can access suppoi't i'egai.dless of where they are lo¢at¢d in Rwanda. Funding for th¢ Helpline has been conti'ibuted principally by INSPIRE!afi'ica. By pi'oviding lcgal 2nd counselling suppoit scrvices countrywide, the Helpline filled i necessary gap in suppoit foi. Yuli)erable young people with outstanding legal disputes oi. suffei'it)g fi'om ti'auma. This is one of the only fl'ee and accessible seiviees for those unable to affoi'd to take theii. legal cascs to court oi. lacking the confidence or ability to find someone to talk to about a mental health issue. In addition to pi'oviding telephone-based suppoi'l, the helpline a150 ha5 field staff who conduct outi'each and provide support to clients through legal education and oi'ientation, advocacy and reprcsentation in court. The Helpline was launel)ed with the intention of primai'ily providing telephone-bascd support. However, due to the demand for legal and a counselling support, the helpline has gix)wn from a small pilot lelephot)e-based service to an innovativ¢, all-eneomp2ssin8 legal and coun5elling support service, which includes outi'each visits to scl)oolg and univa'sities to raise awairness of legal l'ights, as w¢ll as the services availabl¢ thiough tlie helpline, to young peoplc across Rwanda. Since its launch in 2013, Ihe Helpline has supported 4,236 young people, helping them r¢¢laim property worth more than Rwf1.7 billion {appi'oximately £900,000). In 2025, highlights included.. 0 725 Helpline calls received (450 female, 275 male) o Main issues- ci'iminal and civil cases, land dispute5, succession, and family o Conflicts 0 850/0 of cases i'esolved successfully 0 568 counselling cases handled {PTSD, depiEssion, anxiety, and stress) Gatete • Gatete and his brother, both gcnocide orphans, lost their mothei. and Irlatives during the g¢nocide. Afterwai'd, their uncle unlawfully took ovei. their family land in Bugesei'a Disti'ict. Foi. yea13, the brothel's lived in poverty and instability, struggling to reclaim what was rightfully theirs. With support fmm the Helpline's lcgal team, their case was prescntcd before the Primary Couit of Nyatnata. The couit ruled in th¢ir favour, granting them equal owncrship of their 5,639-square-meter propeity. valued at Rwf 30 million (approximately £15,000). Gatcle said.. "Ti)anks to SURF. Inspii'e Africa, and the Helpline for your sUPPOrt, Gatete said. You h¢lped us recover what we thought was lost forever. Today) we liave hope again. Beyond thc legal victoi'y, Gatete continues to rcccive tTauma eounselling? helping him Iieal fi'om both past and ongoing einotional struggles." Page 19

SURVIVORS FUND {SiIRF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DEI CEMBER 2025 ACHIEVEMENTS AND PERFORMANCE Reaching Rwand8 Sandhui'st School l)as been i'unning its gi'ound-biraking Reaching Rwanda pi'oject in partnei'5hip with Survivors Fiiiid (SURF) since 2008. Pioneeied by the Sandliui'st Scliool Deputy Head Saniantha Hunt, who is also Chair of SURF, the Reaching Rwanda pi'oject Ilas woi'ked extei)sively in Rwanda by lii]king UK scliool students with sui'vivoiE. The pi'oject has three main aiins.. To infonn students about the Genocide against the Tutsi in Rwanda and of the continued plight of sui'vivors today. To coi)nect students with genocide survivoi's 2nd enable them to become fi'iends. To enable students to becon)e actively involved in iniproving tlie life chances of genocide sui'vivors and to see the diffeience theii. effoits make. Tlie young people of Sandhuist School ajt highly engaged in supp(irting survivors of the 1994 Rwandan genocide thanks to the efforts of Samantha and its dedicated leiclicrs. SURF Chair, Sam Hunt MBE, who developed the educational pix)gramme and led the first visit in 2010 in hei. pi'ofessional I'ole as Deputy Headteaclier of Sandhuist Scliool, continues to cooi'dijiates tli¢ pi'ogramme today. As of 2026, Sandliurst School students and local comn)unity volunteers liave iiiade eleven visits to Rwanda thi'ougli the project. An enduring I'elationship foi. sui'vivojs and the school is Jiow in place with regular zoom calls between tl)e students and the suivivors. Students have been so Inoved tlii'ough their expei'ience and liave suppoited the project rassing appiDaching £400,000 foi. siu'vivoi's of the Genocide against thc Tutsi in Rwanda i'elated vulnei'able pei'sons. They sponsoi. about 30 childi'en in pt'imaiy and secondaiy school. Two visits were conducted in 2025 in Febj.u￿.Y and July, a5 well a5 a further visit in Febi'uaiy 2026, which Inai'ked the I Itll vi51t of tli¢ pi'ogi'amme to date. Each ￿rson brought with them gift5 donated by themselves and well-wishei's, includiiig toys, educational Inaterials, and toileti'&es whicli were disti'ibuted to hiind]td5 of childi'cn that ti)e prtsject suppoits. Also, the group bought vai'ious livestock to distribute lo vulnerable suivivoi's in need of suppoit. Dui'ing the February 2025 visit, the group donated 2 cows and 61 goats, as well as I'enovated 2 1)ouses foi. the most vulnerable survivors. Pliilly's Pl8ce CentJ21 to the Reacliing Rwanda programtne is Pliill 's Place. a uniqiie cliildiEn'5 centiE which opened in 2020 tkn'ough tl)e funding and suppoit of donors to Redchiiig Rwanda. The centre is equipped with 2.5 toiines of tlie best educational equipment fi'om the United Kingdom, includin£ 4,300 books, doiiated thi'ough the Reaching Rwanda project. Philly's Place offeJ3 free tuition in KinYai'W￿jda, Ei)glisli, n)aths and science, teclmology, art, music. dran)a, spoil and dance, as well as teaching valuable skills like sewing, knitting and beadci'aft to over 1,000 local children of all ages. The aijn is to provide fun, learning expei'icnces foi. cliildiEn in the Bugesera aiea in after school piDgi'ainnics as well as evely Satiii'day and ttll'oughout school holidays iii oi'dei. to support cliildi'ei)'s leariiing by providing exciting, eni'icl)ing experiences to cliildirn of all ages. All services aiE provided to tlie children free of chai'ge. Tlie centre is over i'Lin evely week and is becoming an iTllPOrtant coiiimunity hub. Page 20

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEI [4 S FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PF,RFORMANCE In 2024 a ncw purpose-built permanent cents'e was opened for young people in and around Ntai'aTna. SURF Chair, Sam Hui)t MBE, conceived of Ili¢ idea for the centre, which is named ill honour of l)er gi'andmothei., Philly. It is testament to h¢r vision, and hei. tireless fundi'aising) as well as the dedication of our SURF Rwanda teatn in heading up the construction work, that lias brought to life the centie wl)ich will provid¢ an incredible oppoi'tunity foi. liundieds, and ov¢i' lime thousands, of children and othei's in and ai'ound Ntai'ama. It is an arca and coininunity with whieh Survivoi's Fund (SURFI has a long-cslablished connection, having first built hougii)g foi. survivors t])ei'e with tlie support of Comic Relief, 2nd then later (with the suppoit of Network for Africa and othei's) a Health Centi¢ which continues to I'un successfully und¢r the matfdgement of our partner AVE,OA. In 20205 a new basketball eourt, and play area was completed, as well the construction of a sun'ounding perimeter wail to secure ihe site. Philly's Place has come to fi'uition through the suppoit of hunth'eds of individual donors. many of which are ieadei3 of tliis ncw51etter so for youi. suppoi't, we are most grateful. And we extend that￿S as well to the hundi¢ds of students and parents and teacheis at Sam's school, Sandhui'st School, and othci's that have visited Rwanda t￿.Ough the Reaching Rwanda pJDgramme and donated items to the centi'e, as well as raising funding to contribute to tkle build. Eduextlon Education is a fundamental l'ight that enables peoplc to break the cycle of depi'ivation and poverty. Survivors Fund (SURF) suppoils access to university education to 10 students, and funding foi. school materials foi. a further 22 students, being bi'ought up by geno¢id¢ widows tkn'ough funding by individual donojs, Good Gifts and the Reaching Rwanda pi'oject. In addition, through funding principally from INSPIRE!africa 17 young people in 2025 completed Technical and Vocational Education and Training (TVET) programines in barista Skills, culinary arts, hairdiEssing, tailoi'in and auto meehanics. These progratnmes provid¢ not only employable skills but also emotional healing) community belonging and ienewed puipose. To date, of the 17 gi'aduatcs, 11 graduates have secured etnploymenl, while othe1% starting small businesses and supporting their families. Josianc Culina arts raduate * "18rew up in a poor family wheie school was a dream. After high school, I fclt hopeless because I couldn continue my studies. Sui'vivors Fund (SURF) changed that. l joincd the Culinary Arts progiam at Esthcr's Aid School - something I had di'eained of since childhood. After my internshipj a hotel in Kigali hii'ed me along with two classmates. I now earn 200,000 Rwf (approximately £100) a month and can suppo1 my family. I'm deeply thaiikful and ptxy that mol'e yoiing suivivors Can Irceive thig oppottunity. It changes liv¢s." Shelter A home is a safe place to be for most peopl¢. Many survivors lost their homcs during the genocide, many ieceived houses from govemment and NGOS aftei. the genocide. Nearly 30 years after the genocidc, many of the houses are now dilapidated and in dirc nced of renovation. Page 21

SURVIVORS FUND (SURF) REI PORT or THEI TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE In oi'dei. to i'ebuild a sense of dignity and to provide a peaceful eiiviroiunent that eiiables survivoi's to deal witl) tl)eii' day-to-day needs, during tl)t ye￿. Sui'vivoi's Fund (SURF) rei)ovated 3 houses foi. widows ai)d youtli-headed households with suppoit froin tNSPIRElafJ'ica and oui. Reaching Rwanda project. Anathanaise '[ Iiave waitcd foi. a new l)ouse foi. ovei. 15 years. Many times, I went to tlie disti'ict Offi￿ to ask foi. help, but I was always told to wait. My liouse was falling apart, and I wa5 2fi?id it would collapse while J slept. Today, I rinally liave a safe place to live. I can Sleep peacefully foi. the fjrst tiiiie in many years. I thank God and those wl)o inade this miracle possible.. Group Analysis Training Over the coui'se of 2025, a group of pi'ofessional counsellors in Rwanda liad the opportunity to participate in a special intei'natioi)al couise delivei'ed by the Institiite of Gi'ou Anal sis IGA). Led by Justin Phipps, Krisna Catsaias and Frederica Bj'ooks, they provide tJ?ining to mental health pi'ofessiona]s fi'om 9 different organi5ations in¢luding ARCT-Ruhuka, Sociothei'apy and SURF'S local p￿.1￿et ojganisalion, AVEGA A aliozo. The tiaining suppoi'ls paitÉcipants to use groups to help people with mental liealth and emotional concerns aeiY)ss different parts of tlie countsy wl)eit tl)ese organi5ations al'e operating. Participants are iiow able to.. Recognise t]ie effect of groiip dynaniics upon self and ()tliei's Have incirased self-awareness and self-reflexivity Undei'stand giY)up dynaniics from a Gi'oup Analytic pei'speetive Recognise how gj'oup dynainics i'elate to the context of the setting Recognise and use tlieoiEtical laiiguage and concepts specific to Gi'oup Analysis Undth'stand the meaning of fundaniental Group Analytic tcm) Undej'stand psychoanalytic theory in i'elation to group developineiit Underst￿Id how context impacts upoi) gyoup dynamics in clinical and organisational settings Link Group Analytie theoiy with practice Thi5 is one of a number of courses that the IGA has delivei'ed in Rwanda since ow. pailnei'ship began in Noveinber 2014 aftei. it was identified tliat psychologists and pi'ofession21s WOTking in niental l)ealth would benefit fi'oin training in therapeutic gi'oup5. Over the past two yeais, 30 students have been training in group analysis - a therapeutic appi'oaeh that supports healing thiDugh shared stoi'ies and i'efleclion. The pi'OgJz￿1nt, delivered with ti'ainers fix)m tl)E Institute of Gi'oup Analysis {UK) and organised locally by Sui'vivoi's Fund (SURF), AVEGA Agahozo, and ARCT RUHUKA (National Oi'ganigation of Tizuma Coun5ellors), has become a lifeline foj. many working in ti2uiiia recovery. 0 16 graduates have completed the Foundation Course and ajr now progi'essing to the Intem)ediate level. o 10 graduates have fjnished the Tnterniediate Course and ale Inoving foi'wai'd to the Qualifying stage. 0 4 graduates have advanced from the fii3t level of the Qualifying Course ii)to the Advan¢ed Level. Page 22

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEEI S FOR THE YEI AR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE ror pai'ticipants, the journcy has been both pi'ofcssional and deeply pei'sonal. One gi'aduate I'¢flected.. "This training has not only given me pi'ofessional skills - but it has also givcn me a new way to und￿'Stand myself. I feel i'eady to guide others in their hcaling." Anothei. shaiEd.. "When we sit in giDUPS, we learn that none of us 2re alone in oui. pain. That lesson will slay with me forever." As a new cohort begins the Foundation Coui'se, the impact of this ti'aining continucs to byow. With every level completed, Rwanda gain5 more skilled pi?ctition¢i's able to walk alongside survivors, families, and communities on the path to recovery. As one oiganiser beautifully expi'essed.. Each gi'aduate cai'i'ies the possibility of transformation for many oth¢r$. This is not just tlieir achievement- it is a gift to Rwanda. Page 23

SURVIVORS FUND (SURF) RFPORT ofi THE TRUSTECI S FOR THE YEAR ENDED 31 DEI CEI MBER 2025 FINANCIAL REVIEW Suniiiiary Despite the continuing challei)ges of fundi'aising, 2025 proved the financial I'esilience of Siirvivors Fiind {SURF), as we ensujrd to conti'ol oui- expenditure in light of falling incoine, whilst still delivei'ing the same level of 5UPPQlt tliiDugh our netwoi'k of local sw'vivoPs orgaiiisations witl) which we partnei.. Ineonie Oui. income in 2025 was £402,912. The Inajor souires of incoine wei'e.. 0 £33,323 fi'oin the Chai'ities Advisory Ti'ust, thj'ough its Good Gifts Catalogue, which has proved critical in pmviding livelihood pi'ojects and scholaisliips in Rwanda. £37,393 fi'om Cliffoi'd Chance for our Youth Enti'cpi'eneui'ship Suppoit Pi'oject Plus (YESP+), which suppoited employiiient and entreprei)eui'ial oppoitunities foi. young sui'vivoi's. 0 £57,785 fi'oin INSPIRE!africa for oiii. Youth EntiEpJrn¢ursliip Training Programm¢, Legal and Counselling Helpliiie as well as vai'ious educatioiial ai)d slielter projects for sujvivors. 0 £41,509 from Netwoi'k foi. Afi'ica for our Young Suiviv013 Counselling PJ'ogramm¢ as well as a new cohoit for oui. Youth EntiepreneuJ3hip Tjailling Pi'ogjznmie (YETP). 0 £30,600 froin an Anoiiyinous Trust for suppoit for Group Analysis Tixining and Qui. pi'ogrammes focused on access to individual and group coiinselling foi. suivivors. 0 £30,000 from J Vau Mars Foundation foj. genejal support and unresb'ieted funding to be allocated towards any pi'oject requii'ing additional support. 0 £15,000 fiY)m Allan & Nesta Ferguson Charitable Ti'ust towards our youth enticpirneurship aiid counsellii)g progj'aininc. 0 £6,264 from Foiindation Rwanda foi. oill. ediication programme supix)rting young pxople born of genocide t'apc, as well as commLinity eouiiselling and youth camps. Expenditure We inaii)tained oui. cxpenditui'e on key projects pi'otx)Itionate to the incomc i'ueived for thein, as well as onti'olled our expendituir oil oui. suppoit costs to £473,631. Fllndi'aising Effeetiveness We do not liave aiiy fuiidraising spend, as we undeitake no niai'keting, paid-foj. adveitising oi. direct iiiail. This is quite exc¢ptional foi. a cliarity that generates ovei. £400,000 in inconie. Fingncial Foreeast The yeai. ahead will inevitably moir cl)allenging than tlie past year foi. SURF. W¢ begin the yeai. again with a veiy low-cost base, but less I'eserves aiid secuied futUJE iiicoine. Tliough we will eontinuc to ieceive funding fi'om major donoi'5 over the yeai. ahead.. Chai'ities Advisoiy Ti'usl, Foundation Rwanda, llqspiRElafi'ica, Netwoi'k foi. Africa and J Van Mai's Foundation. In addition, we have secuied a new doiioi. foi. 2026, 1'insley Cliarilable Trust Foundation, wl)icl) l)ave committed an uniestricted grant wliicli will be invaluable to us. Future Jmcome We had secui'ed approxirnately £185,000 of income at the tiJn¢ of the wi'lting of thi5 Jeport, including* £55,000 fi'oin INSPIRE￿ lafi'ica, £40.000 froin Netwoi'k foi. Afi'ica, £30,000 fi'oiy] Foundation Rwanda, £30.000 from J Van Mais Foundation, £30,000 froin an anonynious trust. Page 24

SURVIVORS FUP4D {SURW) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBEI R 2025 We continue to seek to identify independently additional funding opportunities with truits and foundations in the UK, and in the USA in partnership with Foundation Rwanda. Continued emphasis will be placed OD SUPPOrting our partnei. org2nisatioi)s to develop and secui'e fijnding for projects directly) which will result in less income being channelled through SURF ovci. time. Future Expenditure We al'e committed to keeping our costs as low as possible in and outside of Rwanda in 2026. SURf now only i'etsin5 a part-time consultant in tl)e UK, with no overheads. We have no plans to r¢Ci￿ll 2ny moir staff in the UK, and the nuniber of staff in Rwanda will be diiECtly related to piY)j¢¢t funding. Following a salaiy review of staff in Rwanda, we aw&.ded an increase of 50/0 for non-leadei'ship staff, ￿'Ound th¢ level of inflation in Rwanda, in January and June 2025. We plan to continue to maintain the level of gi'ant expendituie in 2026 as our ineome allows, ensuriT)g that we try to maiutaiii a small sui'plus despite the challenging financial envimnment. Reserves policy The policy agi'eed by the trustees is that the minimum amount to be held as i'cscrve is now set at 3 month's operating expenditui'e. By the end of 2025, our uniEstri¢ted rc5cryes amounted to £23,969 (cquivalent to 3 mont]i's operatit)g expenditure). Page 25

SURVIVORS FUP4D (SURF) REI PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FUTURE PLANS Evel'y three yeai's, the paitnei's, ti'ustees and staff of Sui'vivoi'5 Fund (SURF) undei'lake a review of oui. woi.k to date, aiid develop a strategic plan foi. our woi'k ahead. We discuss wliat ai'e the prioi'ities foi. suivivoi's iiow and likely in the thiEe-yeai' period ahead, and what Jesources we have as an oi'ganisation to help address them. Our St12tegic Plan accounts for the emei'ging changes affecting sui'vivors of the genocide against the Tutsi in Rwanda, and tlie clianging environinent in wliich SURF works. We developed a Eiew five-year Strategic Plan for our work froin 2024 to 2028 wliicl) sets out tlie ain15, targets and actions foi. SURF and ils parti)ei"s woi.k. aiid wliicli forin the basis for operational priorities. It explains l)ow SURF intend5 to assist paItne￿ to achieve their own plans and pi'ioiities. It sets out a demaiiding but exciting agenda of support to oui. paitiei3. It will delivei. greatei. imptet foi. tliose we are seeking to help. By balancing oui. progt'anllnes, advocacy woi'k and eapacity building witl) oui. fund12isingJ Inonitoi'ing and evaluation we will inciease our reach and build gieatei. suppoit for oui. woi.k. Tlie Sti'ategic Plan will be continuously monitored to infoi'm the future direction and developnient of Sui'vivoi's Fund (SURr). Our key themes and target5 for 2024- 2028 al'e.. Dircct support for reliabilitation Secui'e sustainable livelihoods for 5UI'vivoI's and related vuliierable persons through a focus oll income geneizting activities, entrepreneuiship and employment. Inipi'ove die well-b¢ing and resilience of sul'vivors and ielated vulnerable groiips till'ough a focus on m¢ntal healtl) pi'ovision, physical Iiealth infoiination and commemoi'ation. Reduce the vulnei'ability of survivors and IElated vulnci'able persons thiDugh a focus on decent housing, food security, renewable ena'gy soui'ces and elderly care. Organisational support for regeneration F.Jnpowei' suivivor organisation5 in Rwanda to advocate foi. justice and 5ecui.ity foi. sui'vivors and related vulnei'able person5. Enable 5UI'vivoI' oi'ganisations in Rwanda to be mole Sustainable ovei. the long-tei'm. We look forwai'd to repoiling on oui. piDgress ahead. Page 26

SURVIVORS FUf+lD (SURF) REPORT OF THE TRUSTEI FS FOR THE YEI AR ENDED 31 DECEMBEI R 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Sui'vivoi's Fund (SURf) is a chai'itable company, i'egistered in England and Wales with both the Charity Commission (1065705) and Coinpanies House (03411565). The chai'ity i5 govei'ned by ils Mem012ndum and Ajticles of Association, dated 30 July 1997 and CODStitutes a limited company. limited by guai?nt¢c, as defined by Companies Act 2006. This struetuit, whieh is used by many charities, allows u5 to have all the advantages of charitable status, and simultaneously to limit the trustees, liability thi'ough the company's 'limited' status. As a charity and a company limil¢d by guarantee, Survivoi's Fund (SURF) has no sh￿'e capital and therefore eannot be owned by anyone. SURF is h¢aded by a Boa7￿ of Trustees. For company-law purposes, the ti'ustees air also the dire¢lors of Survivors Fund {SURF) Ltd. Day-to-day management of the oi'ganisation is undertaken by the Chief Exeeutive in Rwanda. THE BOARD OF TRUSTEES The Board of Trustees has authoi'ity over and iesponsibility foi. the organisation and acts as its legal guai2ntors. The effective involvement of the Board of Trustees is consideird oi'u¢ial to the success of SURF and is dependent on shaiEd goals, the development of sound #nd creative working practices and significant time cominitments. The Boai'd meets at least four time5 a year. to assess the charity's progi'ess since th¢ pirvious meeting, and to set milestones to bc achicved by the next meeting. The Chief Exccutive attends each Board meeting eithei. in pcison, or vii'tually from Rwanda, and pi'ovides an update to the Trustees on the charity's pi'ogie5s and assists in the setting of goals. Ti'ust¢¢s also provide valuable assistance to the Cliief Ex¢culive and othei. members of staff when necessaiy. Page 27

SURVIVORS FUND (SURF) RII PORT OF THE TRUSTEES FOR THE YEAR ENDCI D 31 DECEMBER 2025 STRUCTURF., GOVERNANCI AND MANAGEMENT TRUSTEE ELECTION, INDUCTJON AND R&ELECTiof4S TrusteL5 air elected at the Ai)nual Gejiejal Meeting {AGM) by the members of Sw'vivoi's Fund (SURF). The membe13 include all tlie ti'uste¢s. In between AGMS, Ti'ustees rnay be appointed teinporaiily by the general agi'eei)ient of the exifting tl'LlStees. Howevei., sucli appoiiitments are only valid until tlie next AGM. After appointiiient, Ti'ustees are pi'esented witli a copy of oui. Inost recent annual repoi't,. the cliai'iLy's goveining docuinents, and the Jninutes of tlic two niost i'ecent Boai'd meetings. Tliey aiE also asked to sttidy the principles of tlie Chai'ity Commission's Essential Tj'ustee booklet and are invited to speak with tile Chief Executive and Chair to discuss the chai'ity's position and operation. At evel'y AGM, one-tliii'd of the Boaiyi of Trustees is i'equiied to resigii, thougli they can tlien be I'e-elected for a fuitliei. thi'ee-yeai. teim. Tlieie are no lei'in liniits, witli tlie oi'ganisation recognising the value of institutioiial knowledge held by long-serving t￿￿tees. CURRENT TRUSTEES Nine trustees sei'ved the entii'e yeai.. They are.. Sam Hunt IwtBE {ClJair) - Sani is Deputy Fleadteacher at Sand1)u￿t Scliool. She is a winn￿. of the Secondaiy School Teacher of the Year awaixl, tl)e Anne Fi2nk Award foi. Inspii'ational Educatoi. of the Year and has been iecognised as a Sue Rydei Woinan of Ael)ievement" the "Pride of Bracknell" and an honoi'ill'y fellow of the Univci3ity of Win¢hestei'. Sl)e is a voluiit¢cr ¢ducatoi' foi. the Holocaiist Ediicational Ti'iist and av academic advisor foi. Remembct'ing Srebrenica. She has been a ti'ustee since 2008, elected as Chair in 2013, and was awarded an MBE in 2020 in recognition of her voluntary work witli SURF. Josephine Uivamai'iya (Viee-Clixii-) Josepliine served as Country DiiEetor of AclionAid Inlemational Rwanda fj'ojn 2010, b¢fore retiiing in 2022. Slie 15 a social woi'ker by profession and has an MBA from the Maasti'icht School of Management, specialising in Pi'oject Management. David Chaney (Viee-chair) David owns and iuns a ￿lI-SelV￿ce public aecoui)ting p12Cticc, repie5enting ovej. 200 clieJ)ts iiicluding a nuiiiber of chai'ities. He i'egiilai'ly visits Rwanda and has woi'ked to strengtlien tJ)e financial managenient of SURF pai'tneis. He lives in Houston, Texas. Jeanette Kagabo Jeanette has been a ti'ustee Sin￿ 2004. She is a survivoi. of the genocide and moved to the UK in 2002. She is an advocate for tlie eause of survivoi's. speaking at an aiixy of national and i'egional events since 2003. Will Goodliand Will is Cliief Innovation Officei. and Foundei. at Goodmoie Global, an international reseai'cli agency. He was a Coiisei'vative Paity Pai'liaiiientaiy Caiididate in 2015 and has siipported the woi.k of Survivoi'5 Fund (SURF) since 2009 thi'ougl) nuiiiei'ous visits with Project Umubano. Pliiloinene Uiwamaliya Philom¢ne has been a registei'ed nui%e since 2006 ￿la sp¢cialises iii mental liealth nuising foi. tliose witli complex pi'oblems, refugees and asyluill seekei's. Slie is a Senior Lecturei. in Menlal Health Nui%ing at Jolin Moores Univcrsity in Liverpool. Page 28

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEfi S FOR THE YEAR NDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Pam Goddard Pam is a Citizcn's Advisei., a Community Fii'st Rc5pondei', a voluntary di'ivei'lti¢asuitr for Good Neighboui's and a volunteei. for Debi'a, the butterfly skin chai'ity. She last visited Rwanda in 2023 and is an active suppoit¢i' of Philly's Place. Stephanie KaY1ran￿¥% - Stephanie is a survivor of tl)e Genocide against the Tutsi in Rwai)d2. She now lives in Poitsinouth. She is the foiinei. Chaii. of the Porlsrnouth Rwandese Coinmunity Association and Advisor to the National Association of Rwandese Communities in th¢ UK. She is an active speak¢J' and idvocate raising awai'cn¢ss of the genocide thi'ough talks to s¢liools and cominunity groups acr055 the UK. Jean B05co Pqgabonzima - Jean Bosco is a sui'vivor of the Genocide against th¢ Tutsi in Rw2nda. He now lives in Coventry, with his family. He is the former Chaii. of the West Midlands Rwandese Community Association and National Association of Rwandese Communiti¢s in tl)e UK and an active spcaker and advocate raising awairncss of the genocide dll'ough talks to schools and conimunity groups acr055 the UK. On 2nd October 2025, the Board of Trustee5 elected one new trustee: Julie Appelbe (freA$urer) Julie was foi'mcrly a seasoned finance and operations PTofessional with over 20 yeais of expei'ience in leading global tcams as a Chartered Managein¢nt Accountant, serving most recently as the Vice-President of Finance for Junipei. Networks beforc li¢i' ietiiement. After ten yea13 of servi¢e, Adriane Veale, our foi'mer treasui'ci., retired from the board. We thank him dearly for all hi5 commitment and contribution ovcr his years of sel.v1￿ on the board, as well as his continuing suppoit 2$ an ongoing donor. PARTNERS SURF is foitunat¢ to have a number of p￿tneTs that support our work and make it possible both in the UK and Rwanda. Our work is supported by an array of fiJndc13 whose suppoit is invaluable. In 2025 our funders included the Charities Advisory Trust, Clifford Chance, Foundation Rwanda, TNSPIRElafi'ica, Network for Africa, J Van Mai's Foundation, Tl)is Day Foundation, Allan & Nesta Ferguson Ch￿.1￿ble Trust. We would like also to thank an array of anonymous donoi's. SURF has received guidance and advic¢ from individuals and organisations too numeiDus to mention, bul we would like to acknowledge th¢ contribution of them all. SURF has woi'ked with the following su]'vivors' organisations in Rwanda during 2025.. AVEGA A ahozo - Association of Wsdows of the Genocidc | Ibuka National Association of Genocide Survivor's Oi'ganisations | AERG - Survivors, Association of Students and Pupils | GAERG - Survivors, Association of Graduate Students | U isen a N'manzi Association of 141V+ Orphan-headed Households | Solace Mini.8ti'ies Chi'istian Association of Genocide Siirvivors | Kan ai'wanda Get)ocide Survivois Association defending human I'ighls Page 29

SURVIVORS FUND (SURF) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk nianagenient We have exainined th¢ major risks to which tlie chai'ity is exposed and irview them at each Board Ineeting. Systems and procedures have beeii put in place to n18t￿ge tliose risks. Tlie Risk Rcgister is maintaiiied by the Chief Bxecutive and UK Cooi'dinator, under tl)e supei'visÉon of the Boai'd. Below is an overview of tl)e Inajor finai)cial and 0￿rational risks we were facing at the tiine of oui. most Iccent boai'd Ineeting (March 2026). l￿Ve1 of iinpaet Risk Categoiy Risli Title Likelihood (1-5) (1-5) Poteiitial Impact Steps to mitigate risk Financial Lack of fuiiding oppoitunities Loss of incoine Continue lo nionitor and ability to oppoitunities to try idejitify ¢nable work- but possible new applications, of tlie opei'ations and to identify pj'oactively (core costs) and individualsl organisations 10 the pi'ojects which we can approach wl)o (progranime have a potential inteiest in funding). our work. Extei'nal Genocidal Idcologyl Denial Potential tlu'eat Éo vulneiable sui'vivoi3, in paiticulÉw fi'om r¢l¢ased perpetratoi's. Downplaying the importance of tlie Genocide against the Tutsi. Monitoi. the situation, and whele iequiiEd advocate to the Govei'nment of Rwanda to take action (through Ibuka)- Exteinal Cliinatic Risks Events such as EnsuTC Iliat die i'isks are heavy i'ains, ideiitified, and where volcanic ui'gently Irquii'ed advocacy eruptions in is undertaken witl) Rubayu and stakeholdei3 who coiild caithquakes could potenti211y addJEss tliern. have a major impact housiiig of beneficiaries. Page 30

SURVIVORS Fuf+lD (SURF) REPORT OF THE TRUSTEES FOR THE YFAR ENDED 31 DECII MBII R 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Financial Cash flow Lack of liquidity sensitivities to meet commitments. Eiisure adequate Casl) flow pi'ojection5 and continue to work souire and identify and securc new funding. Jf rcquired to revise biidgeting to depi'ioi'itise woi'k if funding is not immediately available. Financial Funding Shoi*f2lls Usc up itserves in short-teim if SURF is unablc to sustain itself in long run. Ensure that funding opportunities are reviewed at the Board Ineeting, and leveragc additional resource of fundi'aising consultant to identify new funding opportunities. Operational Loss of key staff Potential tknrat to deliveiy of pi'ojects because of a deficit of institutional knowledge Ensure that staff are propei'ly suppoited, and tliat theit ￿'t sufficient development opportunities. Ensure that there ai'e appropi'iate consultants to add support if and when neccssary. Operational Safeguarding Harm to beneficiaTies and reputational damage to SURF Ensure that our safeguai'ding policies are includ¢d in our partner reporting i'equii'ements and that beneficiaric5 know about whistle blowing policic5 SO that they know who they can report abuse to. Page 31

SURVIVORS FUND (SURF) REI PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Ext¢iiial Rwanda/ DRC, Alleged Rwanda conflict inteiveiition in the conflict 15 resulting in siispet)sion of intei'national aid wliich is iinpacting health outcome5 foj. survivors locally. Work with suivivois, oi'ganisations to ensuTe sui'vivois have access to l)ealth suppoit requii'ed. Financial WithdTawal/ Decrease of intei'national developinent budgets Withdi3wal of intei'national aid (siicli a5 by USAID and FCDO) 15 impacting goV￿.1￿￿ellt sei'vices (such as healtlicare) which in tum impacts SUIVjVOlS. Some of AVEGA'S Health CentJE weje suppoited by the Mijusti'y of Health from gi'ant Inoney. As sucl) we need to Inonitor the potential impact this Inay liave on survivors. REFERENCE AND ADMINISTRATIVE DETAILS Registered Coinpany nunibei. 03411565 (England and Wa1¢5) Registcred Chaj'ity number 1065705 Registered office 42 Vivian Way London N2 OHZ Page 32

SURVIVORS FUND (SURF) RII PORT OF THE TRUSTEES FOR THE YEAR £1 NDED 31 DECEMBEI R 2025 Ti'ustees San) Hunt MBE {Chair} Josephine Uwaniariya {Vice-Chair) David Chaney Ivice-chaii.) Adi'iaii Veale {Treasurer) (Resigned 2nd October 20251 Jeanette Kagabo Will Goodhand Philoinene Uwamaliy2 Patn Goddard Stephanie Kayirangwa Jeaii B05to Ngabonzima Julie Appelbe (Appointed 2nd October 20251 Beatha Uwazaninka (Appointed 14th Mai¢h 2026) Asia Batrane (Appointed 14th March 2026) Company Secretary David Russell Chief Executive Samuel Munderere Founder Mary Kayitesi Blewitt OBE Bknlcer5 Co-operative Bank l Balloon Street Manchester M60 4EP Sui'vlvors Fund SUR is rebuilding the lives of survivors of the genocide against the Tutsi in Rwanda. The vision of SURF is a world in whi¢h the rights and dignity of survivors are respected. Independent ExamiRer Anwer Patel BA(Flons) FCA BFP Prestojis & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY 3rd August 2026 Approved by order of tlie board of trustees on............................................. and signed on its behalf by.. Trustee JILILQ Ap pol Page 33

INDEPEI NDLI NT ExA1￿[NEI R'S RFPORT TO THEI TRUSTEI ES OF SURVIVORS FUND (SURF) Independent exaintiier's I'eport to the ti'ustees of Survivors Fund (SURf) {'Ilie Company'} I'eport to tlie chaj'ity trustees on Iny exaniinalion of tl)e accounts of ilTre Company foi. the year ended 31 Decembei. 2025. Responsibilities and basi5 of i'eport As the charity's ti'ustees of tlTre Con)pany (aiid also its diTtctoi's foi, (he pui'poses of company 18w} you al'e iesponsible foi. the prepai'ation of the accounts in accordance with tl)e requirements of the Companies Act 2006 I'the 2006 Act')- Having satisfied myself that th¢ accounts of the Company are not iequired to be audited undei. Pwt 16 of the 2006 Act and are eligible foi. independent examiiiation, I report in respect of my examination of your chaTity's accounts as cai'ried out under Section 145 of the Cl)21'ities Act 2011 ('the 2011 Act,). In ca]iying out my examination I liave followed the Dii'eclions given by the Cha]'ity Commission undei. Section 145{5) {b) of tlie 2011 Act. Independent exaininei s stateincnt Since your ch￿.11y,S gl'oss incojne exceeded £250,000 your examiner must be a member of a listed body. I can confii'm that l am qualifjed lo undertake the examination because l am a niember of the Institute of Chai1eird Aceountanls in England and Wales. which is one of the listed bodies. I have Completed my examinatioii. I confirm that no matters liave come to Iny attention in connection with the examination giving me cause to believe: accounting Jrcoi'ds weir t]ot kept in respect of the Company as I'equired by Section 386 of the 2006 Act. oi. t]ie accounts do iiot accoi'd with those records. oi. the accounts do not coinply with Ilie accounting iequiiemenls of Section 396 of the 2006 Act other than any i'eqiiiiemejit that the accounts give a true and fair view wliich is not a niattei. considered as part of an independent examination,. or tli¢ accounts have not been piepajed ir] accoi'dance with the methods and principles of the Siatetnent of Recotnniended Practice foi. accounting and repoiling by charities (applicable to chai'ities preparing their ecounts in accordance witli tlie Financial Rcpoiting Staiid3rd applicable in the UK and Republic of Iieland {FRS 102)). Page 34

INDEPENDENT XAMINERIS REPORT TO THE TRUSTEES OF SURVIVORS FUND (SURF) I l)ave no conceins and have come across no other matters in connection with tlic ex2mination to which att¢Dtio should be drawn in this report in oi.dei' to enable a proper undeistandiiig of the accounts to be reached. A]EV Anwei. Patel BA{Hons) FCA BFP Pi'estons & Jacksons Partnei'ship LLP 364- 368 Cranbrook Road Ilford Essex LG2 6HY Date.. Page35

SURVIVORS FUND (SURF) STATEI MENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURF ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 31.12.25 Totxl funds 31.12.24 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donation5 71,071 30,841 101,912 108,813 Charitable activities Chai'itable Activity 301,000 301,000 447,928 Otl)ei' Ineoming Resouircs 648 Total 331,841 402,912 557.389 EXPENDITURF. ON Chai'itable activities Cl)2rilable Activity 100,287 373 344 473,631 520,412 NET INCOMEI(EXPENDITURE) (29,216) (41,503) (70,719) 36,977 RECONCJLIATIOIY OF FUNDS Total funds brought foi'wai'd 53,185 63,143 116J28 79,351 TOTAL FUIYDS CARRIED FORWARD 23,969 21,640 45,609 116,328 The notes form part of tl)ese financial statements Page 36

SURVIVORS FUP4D {SURfi) STATEI MENT OF FINANCIAL POSITION 311)[I CEMBEII 2025 31.12.25 31.12.24 Notes FIXCrD ASSEITS Tangible assets 13 12,842 19,895 CURREI NT ASSETS Debtoj Cash at bank and in hand 14 20,430 16,118 102,861 58J91 118,979 CREI DITORS Amoiints falling due within one year (25,824) (22.546) NET CURREI NT ASSETS TOTAL ASS£1 TS LESS CURRENT LIABILITIES 45,609 116,328 NET ASSETS 45,609 116,328 FUNDS Unrestricted funds.. Gcneral ￿nd Resti'ieted funds.. Restricted Funds 17 23,969 53,185 TOTAL FUNDS 116328 The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Decembei. 2025. The members hivc not required the company to obtain at) audit of its financial statements for the yea]. ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006. The notes form part of these finaticial statemenls Page37 continued...

SURVIVORS FUND (SURF) STATEMETr4T OF FINAIVCIAL POSITION- eonlinued 31 DECEMBER 2025 The trllstees acknowledge their respoiisibilities for (a) ellsiii'ing that tlie chai'itable coiiipany keeps a¢¢ountii)g Tecojls tliat coiiiply ivith Sections 386 and 387 of the Conipanies Act 2006 and (b) preparing finaiicial statcments whicli give a true and fair view of die state of affai13 of the charitable cojnpany as at the eiid of each financial year and of its surplus or defJGit for eacji fjnaiicial yeai. iii accordance with the requiiEments of Se¢tions 394 aiid 395 ajid which otherwise cotnply with the requii'ements of the Conipanies Act 2006 JElating to financial siatements. 50 fai. as applicable to the charitable conipany. These fJi)ancial 5tateinents have been piepared iji a¢coJ'dance with the provisions applicable to charltable companies subject to the small conipanie5 regime. The fiiiancial statements were approved by the Board of Trustees and authorised for issue on 3rd AuAUSt 2026 and were signed on its behalf by.. Trustee Trusiee rftan The notes foiTh pait of these financial statements Page38

SURVIVORS FUND (SURV) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Bxsis of pi'eparing the financial stateinents -l-he financial statemcnts of the chai'itable company) which is a publie benefit entity under FRS 102, have be¢n pi'cpai'ed in 2ccoI'dance with the Cliarities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Rc¢ommended Pi'actice applicable to charities piri)aring theii. accoiints in accordance with the financial Reporting Standard applicable in tlie UK and Republic of Ireland (FRS 102) (effective I January 2019),, Financial Rcporting Standaiyl 102 'The Financial Reporting Standard applicable in tl)e UK and Republi¢ of Jreland, and the Companies Act 2006. The fiDaneial statements have been piEpared under th¢ hi5toi.ieal eost convention. Thc chai'ity constitutes 2 public benefit entity as defIned by FRS102. Going Concern The organisation have secuiEd sufficicnt fundings to operate for the next twclvc months. As such, the Board of ti'ustees ar¢ confident that they would be in a position to eai'i'y out their charitsble activitie5 in the coming yeai.. As a Irsult of this, the tnlstees consider that thcr¢ are no material uncertainties about th¢ charity's ability to eontinue as a going concern. Income All income is i¢¢ognis¢d in the Statement of Financial Activities once the charity has entitlement lo the funds, it is pi'obable that the income will be received and the amount ean be mcasui'ed reliably. Donationg ait recognised when the charity has b¢en notified in writing of both the amount and settlement date. In tlie event that a donation is subjeet to eonditions that require a l¢vel of petfoiinance before thc charity is cntitled lo the fiinds, the income is defei'ied and not i'eeognised until either thosc conditions are fully met. or the fulfilment of those condition is wholly within the conti'ol of thc charity and is probable that those conditions will bc fulfilled in the i'eporting period. Income from government and other gi?nts, whet]ier "capital" grants or "i'evenue ￿￿ltS is recognised when the charsty has entitlement to the funds, any pei'fomance conditions attached lo tlie grants have been met, it is probable that the income will be irceived and the amount can be measured reliably and is not dcferird. Donated sei'vices I'ecogniscd in the financial statements would include those provided by an individual or entity as pai't of theii. trade or pi'ofession foi. free. An equivalent amount is included as expenditure. Expenditure and Irrecoverable vat Liabilities al'e recognised as cxpcnditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is piDbable that a ti?nsfer of economic benefits will be requii'ed in settlement and the amount of the obligation can be measured i'eliably. Expcnditure is accountsd for on an accivals basis and has been classified under Iicadings that 2ggregate all cost related to the categoiy. Whei'e costs cannot be diie¢tly attributed to paiticular headings th¢y have been 211ocated to activities on a basis consislcnt with the use of resoui'ces. li'recoverable VAT is Cha￿ed as a cost against the activity for which the expendituiE was incuri'ed. Page 39 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS- contiiiued FOR THE YEAR ENDF.D 31 DECEMBER 2025 ACCOUNTJNG POLICIES- continued Expenditure and ii'reeoverxble vat Grants offejed subj¢ct to conditions which havc not been Inet at the yeai. end date are noted as a commitment but not acciued as expenditUJE. Tangible fixed assets Depieciation is provided at the following annual Tales in oi'dej. to wi'ite off each asset over its estiiiiated uscful life. Leasehold Land Plant and illachineiy Motoi. vehicles not pi'ovided 25 /0 01) Cost 250/0 on ￿st 'rangible fixed asscts are stated at historical cost less accumulatcd depiEciation and any accuinulated iJnpaiTment105ses. Histoi'ical cost includes expenditui'e that is dii'ectly attributable to bi'inging the asset to tlie location and condition necessai'y for it to be capable of opei'ating in the manner intended by tnajiageiiient. No depreciation is charged on d)e value of land but any impi'oveinent costs arc depi'eciated. T￿xatiOn Tlie chai'ity is exempt fi'oin corporation tax on its ch￿.Itable activities. Fund aeeounting Unresti'icted funds can be used in accordance with tl)e chai'itable objectives at the discirlion of t]ie trustees. Resti'icted funds can only be used for particular restricted purposes within the objects of the Ch￿'lty. Resti'ictions ai'ise when specified by tlie donor oi. when fLinds are i'aised foj. particular i'esti'icted pui'poses. Furtlier explanation of tl)e nature and pui'pose of eacli fijnd is included in the not¢5 to tlie financial statements. Foreign cui'rencies Asscts and liabilities in foreign cui'i'encie5 aiE ti'anslated into sterling at the l'ate5 of exchange ruling at the staten)ei)t of fjnaiicial position date. Transaction5 iii foi'eign cui'i'encies al'e ti'aiislated iiito stei'lijig at t]ie i'ate of ¢x¢liange I'Liling at the date of ti'ansa¢tion. Exchange diffeiences are taken into account in aiiiving at the operating i'esult. Debtors Basic financial a55ets, including trade and other debtoi's, are initially recognised at transaction pi'ice. unless the aii2iigen)enl constitutes a fiiiai)¢iiig transaction, wheir the transaction is measui'ed at the pi'esent value of tl)e fvtur¢ I'eceipts discoui)led 2t a mai'ket late of intei'est. Sucl) assets are subsequently I'i'ied at ainortised cost usinLF tlie effective intei'est Inetl)od, less any inipaiiincnt. Page 40 continued...

SURVIVORS FUND (SURF) NOTES TO THE F1Tr4ANCIAL ST ATF.MENTS- contillued FOR THE YEI AR ENDLI D 31 DECEMBII R 2025 ACCOUNTING POLICIES- continued Crcditors Basic fjnancial liabilities, including tsade and othci. creditors, loans from third partics and loans fi'om related paities, are initially rccogni5¢d at traiisaction price, unless the airangcment constitutes a financing transaction, whe]e the debt insti'ument is m¢asured at the pi'esent value of the futuir payments discounted at a mai'ket rate of interest. Su¢li insti'uinentg are subsequently cai'i'ied at amortised cost using the effectiv¢ intcrest method, less any impairnienL Financial Instruments Thc charity only has fJn8ncial assets and financial liabilities of a kind that qualify as basie financial insti'uments. Basic finaiicial iiisli'uments are initially i'ecognised at ti'aiJsaction value and subsequently measuird at tl)eir settlement value. DONATIONS 31.12.25 31.12.24 Donations Gift aid 89,119 12,793 99,129 101912 108 813 OTHER INCOMING RESOURCES 31.12.25 31.12.24 Agency Income Interest income 324 324 648 Page 41 continued...

SURVIVORS Fuf4D (SURF) NOTEI S TO THE FINANCIAL STA TEI ttrtENTS- contiilued FOR THE YEAR ENDEI D 31 DECEMBER 2025 INCOME FROM CHARIT ABLE ACTIVITIES 31.12.25 31.12.24 Activity Charitable Activity Giants 301,000 447,928 Giznts received, included in the above, al'e as follows.. 31.12.25 31.12.24 roundation Rwanda INSPIRE!africa Anonyinous Charities Advisoi'y Tiust (Good Gifts) Charities Aid Foiindation (CAF) Ainei'iea Network foi. Afi'ica Allan & Nesta Fei'guson Cl)ai'itable Ti'ust Cliffoi.d Chance Legacy for War income J Van Mai's Foundation Sandhu13t Seliool This Day Foiindatioii St Claii'e & St Fi?ncis Ti'ust 6,264 57,785 30,600 33,323 5,816 41,509 15,000 37,393 1,265 30,000 30,045 10,000 2,000 54,775 56,434 30,000 44,259 52,787 206,7JO 2,943 301,000 447 928 CHARITABLE ACTIVITIES COSTS Grant fuiiding of activities (see note 6) Support Costs (sec note 7) Dii'ect Costs Totals Ch￿'Itable Activity 89,470 290,097 94,064 473,631 Page 42 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR Ef4DED 31 DFCEMBER 2025 GRANTS PAYABL 31.12.25 31.12.24 Charitable Activity 290,097 371912 The total grants paid to institutions during the year was as follows: 31.12.25 31.12.24 Comniunily Pi'ojects (Shelter) Foundation Rwanda Comtnunity Counselling Initiative (CCI) Good Gifts Project Reaching Rwanda Pi'oject Netwoi'k foi. Africa Entsepirneurship Proj¢ct Otl)ei' Agency Costs Counselling Extension Response Project Youth Economic Empowei'ment Proj¢ct (YEEP) 20,762 14,050 54,379 66,004 78,743 1,020 14,457 23,774 101,372 67,922 51,589 310 437 39,012 5,955 49,184 290,097 371,912 SUPPORT COSTS Premises Costs Governance costs Management Finance Totals Charitable Aelivity 6,035 20,117 94,064 NET JNCOMEI(EXPENDITURE) Net incomel{expendituie) is ststed after Chai'gin￿[CredItIng)- 31.12.25 31.12.24 Auditoi's, i'emuneration Dcpi'eciation- owned assets 5,300 7,831 5,354 Page 43 ntinued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATElWtENTS - coiitillued FOR THE YEAR F,NDED 31 DEI CEMBER 2025 NET INCOMEI(EXPENDITURF.)- continued Jndependent Examiners Fees 31.12.25 2,000 31.12.24 Independent Examination Otliei. Services incl pr¢pai'ation of financial stateinents Total 3,000 TRUSTEES, REMUNERATION AND BENEFITS There weiE tio tTUStee5' remuneration or other benefits foi. the year ended 31 Deceinber 2025 nor foi. the year ended 31 December 2024. Trustees, expenses Tlieir wei'e no trustees, expenses paid foi. the year ended 31 December 2025 noj. foi. th¢ year cnded 31 Decembei. 2024. 10. STAFF COSTS 31.12.25 31.12.24 Wage5 and salaries Social secui'ity costs 76,866 48,170 83,247 53,548 The avei?ge mont]ily number of eii)ployees dui'ing tl)e year was as follows.. 31.12.25 31.12.24 Chai'itable ActÉvities Management and Administratio No einployces i'eceivcd einoluiiients in excess of £60,000. Page 44 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATFMFNTS - coiitiiiued FOR THE YEAR FTrIDED 31 DECEMBER 2025 COMPARATIVES FOR THE STATEMENT OF FINAf4CIAL ACTIVITIES 31.12.2024 Unrestricted Restricted fund fund Total funds INCOIWIE AND ENDOWMENTS FROM Donationg 33,441 75,372 108,813 Charltable activities Charitable Activity 447,928 447,928 Other Incoming Resoui'ces 324 324 648 Total 33.765 523,624 557 389 EXPENDITURI ON Charitable activitie5 Chai'itable Activity 6,232 514,180 520 412 NET INCOME 27,533 9.444 36,977 RECONCILIATION OF FUNDS Total funds brought foi'waiKi 25,652 53.699 79,351 TOTAL FUNDS CARRIED FORWARD 53,185 63,143 116328 12. KEY MANAGEMENT PERSONNEL The Key Management Personnel comprised of th¢ Boai.d of Ti'ustees. Page 45 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS - eoiitillued FOR THE YEAR ENDED 31 DECEMBER 2025 13. TANGIBLE FIXED ASSETS Leasehold Land Plant and Inachinery Motor vehicles Totals COST At l Januaiy 2025 and 31 Decembei. 2025 Additions Excliange Diffeirnces 11,276 75,447 542 11,495 98,218 542 34 At 31 Decenibei. 2025 10,113 11,461 96,519 DEPRECIATION At l Januaiy 2025 Chaige foi. year 963 66,161 11,199 262 78J23 5J54 At 31 Decembei. 2025 963 7J,2S3 11,461 NET BOOK VALUE At 31 December 2025 3,692 12,842 At ) l D¢cember 2024 10,313 9,286 296 19,895 14. DEIITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Ti'ade debtors Otliei. debtoi's 12122 7,608 9,740 6,378 20,430 Page 46 continued...

SURVIVORS Fuf4D (SURF) NOTES TO THE FINANCIAL STA TF.MENTS- eontiiiued FOR THE YEAR ENDED 31 DECEMBER 2025 15. CREDJTORS: AMOUNTS FALLING DUE WITHIN ONE YEIAR 31.12.25 31.12.24 Social secui'ity and other taxes Othei. creditQl'S Acci'ued expenses 2,764 20,060 3,000 1,845 20,701 25,824 22,546 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted fund fund Fixed assets cu￿ent assets Current liabilities 12,842 36,951 25,824 12,842 58,591 25,824 19,895 118,979 22,546) 21,640 23,969 21,640 45,609 116,328 17. MOVEMENT IN FUNDS Net movement in funds At 31112125 At 111125 Unrestrieted funds G¢n¢ial fund 53,185 {29,216) 23,969 Re5tri£ted funds Resti'icted Funds 63,143 (41,503) 21,640 TOTAL fi UNDS 116J28 45,609 Page 47 continued...

SURVIVORS FUND {SURF) NOTES TO THE FINANCIAL STATEMENTS - coiltiiiued FOR THE YEAR ENDED 31 DECEMBER 2025 17. MOVIMENT IN FUNDS- continued Net moveinent in funds, included in the above air as follows: Incoming resoui'ces Resoui'ces cxpcndcd Movement in funds Uni'e.4ti'icted funds Genei?I fund 71,071 {100,287) (29,216) Resti'icted funds Resti'icted Funds 331,841 (373J44) (41,503) TOTAL FUNDS 402 912 473,631) 70,719 Comparatives foi. movement in funds Net movement in funds At 31112124 At 111124 Uni'esti'icted funds General Mnd 25,652 27,533 53,185 Restricted funds Restricted Funds 53,699 9,444 63,143 TOTAL FUNDS 116328 Page 48 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STATEMENTS - coiitiiiued FOR THE YEAR ENDED 31 DECEMBER 2025 17. IwtOVEMENT IN FUNDS- continued Compai'ative net movement in fijnds, included in the above al'e as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 33,765 (6,232) 27,533 Restricted funds Restricted Funds 523,624 (514,180) 9,444 TOTAL FUNDS 557.389 520,412) 36,977 Analysls of Restricted Reserves 31.12.2025 31.12.2024 Youth Economic Empowei'ment Project (YEEP) Youtl) Entr¢pren¢ui' Suppoil Projcel (YESP) Counselling Embedding Systems Project {CERP IV) 21,640 24,640 41,503 Carried forwai'd- 31.12.25 21,640 18. RELATED PARTY DISCLOSURES David Russell who is the Company Seci'etary of SURF, is also the Chaii. of Netwoi'k for Africa and Ch￿'itIeS Advisory Trust. During the year donations totalling £41,509 (2024: £52,787) were i'eceived fi'om Netwoi'k foi. Afi'iea aiid £33,323 {2024.. £44,259) from Chai'ities Advisoiy Tiust. Hc donated in a pei%onal capaeity £4,260 (2024.. ££3,560). During the year, the TTUStees donated £6,581 (2024.. £3,134) to the organisation. During the year, SURF donated £24,766 (2024.. £19,345) tOw￿'dS the constt'uction and rut]ning costs of Philly's Place Children's Centre in Rwanda. Thc buildiiig is curi'cntly owned by a member of the board of trustces, with a dccd of ti'ust that on l)er death the land, pi'operty and all assets in the building will be transfetyed to Survivors Fund {SURF). Page 49 continued...

SURVIVORS FUND (SURF) NOTES TO THE FINANCIAL STA TEMEI NTS- colltiilued FOR THE YEAR ENDEI D 31 DECEMBER 2025 19. LEGAL STATUS OF THE TRUST The cl)ai'ity is a company limited by guai'antee aiid has no sharc capital. 29. WINDING UP OR DISSOLUTIOF4 OF THE CHARITY If upon winding up 01. dissolution of the chai'ity, tlieje reinain any assets, aftei. the satisfaction of all debts and liabilities, tlie assets repi'esented by the acciii))ulated fiind shall be ts.anSfe￿ed to some otl)ei' charitable body or bodies having similai. objects to tlie charity. Page 50

SURVIVORS Fuf+4D (SURF) DETAILFD STATEI MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDFD 31 Dli Cli R 2025 31.12.25 31.12.24 INCOME Af4D ENDOWMENTS Donations Donations Gitl aid 89,119 12,793 99,129 9,684 101,912 108,813 Other Incoming Resourtes Agency In¢omc Inteirst income 324 324 648 Charitable activities Grants 301,000 447,928 Tot21 incomi￿g resources 402,912 557.389 EXPENDITURE Chai'itable activities Wages Social 5ccurity Networking and Advocacy Int¢i'net Expenses Depreciation of tangible fixed assets Project Costs 76,866 6,381 426 443 5,354 290,097 48,170 5.378 252 289 7,795 371912 379,567 433,796 Support eosts Management Training and Wclfare Ti'avel and Subsistence Consultancy Seivices 9,793 12,919 36,900 18,793 12,520 26.400 59,162 57,713 This page does not form part of the statutory financial statements Page51

SURVIVORS FUND (SURF) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 31.12.25 31.12.24 Managenient Finance Foi'eign Exchange Bank chai'ges 4,025 2,010 1,522 761 6,035 2,283 Premises Costs Rent Light and Heat Telephoiie Postage and stationery Cleaning 13,835 1,707 1,285 703 2,587 14,285 903 1.437 1,819 20,117 21,320 Govei'nanee eosts Auditois, remunei'ation Independent Examination Fees Otliei. Pl'ofesslot￿I Costs 5,300 3,000 8JOO 5,300 Total resources expended 473,631 520412 Net (expenditure)lincome 70 719) 36,977 This page does not form part of the statutory financial statements Page 52