2023-12-31-accounts

ADARA DEVELOPMENT {UK) ANNUAL REPORT AND FINANCIALSTATEIIIE￿S 31 DECEMBER 20ZJ SOMERBYS UMITED CHARTEREDACCOUNTA 30NELSON STREET LEICESTER LE17BA

ADARA DEVELOPMENTIUIg INDEX Pa Charity PartuAar¥ Trustees, Rewrt IndependentAuditC￿$Rep0rt 9-11 ststementof Financ4alAthwitse$ 12-13 Balance Shget 14 )lestothÈ Finanaal Slatemerts 15-19

ADARA DEVELOPMENT {IJ<I REGISTERED CHARrrY NO: 1098152 Truslee5 Ms A Exd Ichair) Mr D Stspley MS Kvacher Ms M Vaughan Addr9&8 Level 2, 117 Harriryton Street Tho Rocks NSW 20 Australa Audltor Sornerbys ChorttsedAccountants St8tutoryAuditor 30 Nelson Street Letister LE17BA Bankers HSBC Bankp eooueen Victoria Street Lorfon EC4N 4TR Commonwe8Mh 88nk o1￿JStfalI8 201 ￿8$eX Street Sydney NSW2CXIO tralia Connectedcharilies

Jar8 Dsvelopmentl8ennL*Jal

Adara DevelownentlAuStral￿I Adara DeVelO￿ent IUSAI Adara D•v*loFment (Ugandal

ADARA DEVELOPMENT ILI(I TrUSTEES'REPORT YEAR ENDE031 DECENEER 2023 The Trustees pre8enl tsir reportand the audited finanaal statements of Ad¥a Development IVKI lor lh& year ended 31 December2023. The fin8n(ig1 ststements have teen prepared In aCc￿dar￿2 with Ihe a¢¢ounbng poI￿je5 sèt ¢yJt li the notes to the accounts and c(￿pIY ￿lIh the charity's gov￿1￿9 do¢urnent, the Charities Act 2011 and Accounting and Repoiting by chanti￿". Statemenl ol RecommerKltrd Practi￿ applicable to chariks preparing their acrxjunls ln acxordance wlh the Financi81 Reporting Standard applicable in tha UK and Repu￿￿ ol Irdand published in Olto￿r2019. ructur•. govérnance and ma￿0$MOnt Trust was estsblished under a Deèd of Trust dated 20 May 2002, as amended by a Supplementary Deed dated 3 June 2003. 8 s￿)nd Supplementary Deed dated 21 Jun& 2010, a third Suppletnenlary D¢ed dated 18 February 2011, a fourth SuFplÈmÉntary Deed dated 10 November 2015 and a fifth Supplementary Deed dated 20 March 2024. The Charity 1$ administe￿ by the Trustees as listed on page 1. Where there is a reqU1￿Ment for new Trustees, ihe power to ¥)point new Trustees is vested in Audette Evelyn Exel. The remaining Trustee$ aCkn￿edge re¢eipl ofthe appoinlment ofth ntrw Tnjstee in writrng. ObJo¢tl¥es and actlvltl The Trustsas shall hold the Trust Flmd its income upon trustto apply it.. for the reliefof povety anywhere in theworfd., to advance education an￿here in the world," and . for the relief gf sId[r￿$S by the provision of hèaltheAre anywhere In the world. In fijrtherance of the abov• obi8cls the Trustees may, in partl¢xJlar, alone or in associathon with others (but not so as to limit the generality ofthe Objects lislod obovel.. . initiate heatthcare projecis in lh8 developing wcdd with the aifn of ImproviTrJ Ihe he￿th of dwldr•n or adults in underprivileged communtb¥$. • prOc￿le essential drugs and Med￿81 equipmentfor use in Unde￿￿VIleged ￿MMUnitieS • establish outreach medical servtes for rtmotè arèas of the worfd . educale and traln heath¢8r¢ worker$to provide heathcare Servic68 • prornote edwatron and initial educatlo) programmes in the deveFoplng through impyovernent and vo&qb"onal educabon support • èstablish. supwrt or transfer lund8 to any charitstle Irust charit8ble cnmpany or other a&wciation or inst1￿110n whith is fomed fcrf any of the objects above. Adara DeveIoFJ￿rnt IUK)'$ PLYpose is to.. "bridge the wJ1ds ol b￿lnesS and the world of in eXt￿t povety. and to support vulnerable cornmunities ￿ hegtth, educaticsn and other essential 5¢rv¢¥$.' In aOying the Trust FuTrJ in a¢xordance with their charitable objective8 thtr Tnjstees shall aim b) achieve the mission statemènt by.. lrnproving th6 lives of people In rwnots communities through model health. education, child protection and youth development programmes. Reduc4ng prevenlablo m¥t¢rnal, n￿￿￿orn and child deaths and improvo the health and wellbeing of communits"es.

ADARA DEVELOPMENT {UKI TRUSTEES. REPORTICONTINUED} YEAR ENDED 31 DECEMBER 2023 Supporting Adara's teams in Proving, improving, and disseminating the outcomes and apprg8¢h8s used to provide quality heatth, edu¢xtion and other Serv￿8. Increasing the impact of ryjr programmes by ensuring they ar& Informed by innov8Oon and best practi￿. EX￿nentIalY wi(ning Adara's impact Ithough extemal sharir¥J and intemal exch8nge ol kn￿edge in our areas ol experDSè InclvJin9 Remote Communty Development. Malamal, Newbom Child Heallh. and Ihe Adara rnod?l. Providing èxcw.onal administration, eompliance, financk81. IT and le9a ser¥ice8 to support and facilitate the Adara Group's mission and m¥n8go and mitigate operath'onal risk. Buil¢Jlng brllliance, 8UPP¢rt and d&velcp exopb'onal teams. Inspiring and brin9 loy to gxSsting future supporters. raise Adar8'$ global profile, and a¢quirts new fvThJers and partners. En5uriro the long-twm fjn8nLial sustainabllity of Adara Devel(yMent's critical work by b$ing Australia, preerninenl ￿￿1￿4ue corporate adw80r wilh a 'pand for purpose, model replicabk in other markets and iThIu51rie& Thè Trustees confirm that Ilw have ¢omplied wth the duty in Section 4 of the Charities A¢1 2011 to have due regatd to tt)e Charity Commission's general guidance on public benefit. Achlevementsand porf0m￿nCe Adara Development IUKI is one ofa number of regisleTed FoLmdations and Twsts under tre Adafa Dweloprnent banner. Adara Development receives donations throu9h partnership agrtrments. support from business98 or individual donors. Globalty in 2023, Adara achteved the followrvj for families and their chiklren through our remote Gommunity development and matèrnal, newtM)rn andchild httallh p￿gramMeS. Rwnot•Communlty D￿elOpMant IRCDI Sinco 1998, we have worked alongside remot¥ ¢cxnmunities - parti￿Lsty Ihos& in H￿rnIa and Ghyangfèdi In Nepal- to increase S￿$$ to health, edU￿bOn and other essenti81 servK£s. Over thi5 ts"me, wa have develcped a wlablè, I￿lIst•C and ￿mprehenSive mcthl called AdaraRernote, AdaraRemote tsrg8ts five pillars.. Erbsuting p￿pIe can enjoy g¢)od heatth and nutriti.on. Impromng ac£ess to ¢qurtJle and qualty educabon. Strengtheniro thild protèthon. Building ojmmunty resilienc8 to food insecurity, disaster aThJ dimate ckng& Supporting youth to fijlfil thdr potential. Vve believe ihat found"ons can support o)mmunil$ to truty thrive. This work 18 dono in partnership with local, regional and nat￿nal govemmentg, as well as I￿01 organisath)n8 and commun￿"es.

ADAPA DEVELOPIIENT IUKI TRUSTEES. REPORTICONTINUEOI YEAR ENCED 31 DECEMBER 20ZJ E￿¢allOn Through our Myk wrth YalbaThJ School in Humla, Nepal - whth is recognlsed as a C?ntrg of Excellence- w• have developed a comprthensNe remote e(lucation model. It Sncludes strenglhening tho 8ducaticn sysltrm, enhancing leomi￿ outccrfnes, prowding essential resour￿ for education. cre8ts.ng 8 child-frie￿IlY schojl environment. improvlng child health, and ensuring child protection antj parbclpaticfi. We impl8m8nt this model across 16 8¢hoo1$ in Nep￿. 2023 hvJhlights'. 1CIY/o of students across four schools passed Ihelr Sewbdary Education Examination ISEEI. 1.972 students ¢rmlled in 15 Ad8ra-supported schools- 52¥• ar¢ gids. 634 students enrolled in Shreg Ghyangfedi School and the surrounding eight feeder sd)CpJls. Child prot•ttion Vve ensure d)ildren are safe and can Ihrive. Wo dolhis by slrengthenlng cNld prots¢bon systems and Infi￿ncing F4)licies', shaiing knowled9e,. developing reporting sysloms, ￿hanCIng child parti(apalon in educatiC￿., and raising aWarer￿$S aboutthe dangers of child trafficking and (ild m8rrTage. By improving qu81ityof ed￿ab¢n and hdping to keep ciklren-especially glrls- in 5Ghool, we aim to elirninats child trafficking and rnarriage where we operate. 2023 highlights.. 100% of Adara-supported schools have e$tablished child clubs. Produced 14 episodes ol an antitr¥ffieking radio programme that is broad￿$1 thrgughoul the Humla region 71h our partrer, Th8 Himalayan Innovative &)ciety. Health We ensure cornmunities ift our target areas have access to ytrar-round heafthcare. As part of this work, we strengthen the httalth system". ensure access to quality he8tthc8ro,' imwove water. sanrtabon and hygigng." and enhatt￿ aettss$ io maternal, newborn and child heatth services. We do this by supporting and impfoviny lo¢al 90vemmenl health posts and birth1￿ centses and Investing in comrnunty health outrea¢h and education. 2D23 highlights.. 10,429 appointmen15 al fve Adara-SUPPQrted health posts. 1,404 visits to the Sowa Rigpa Ilradrtional fib*lan medicine Pfactitioner}. 37 women gave birth al the Adara-supported birthing centre. Y￿th a 99.10 sur¥ivo1 ratg. Rg¥ill￿1 Commu￿leS th dimate change causing inctsasingly daNJerous wealhercond1b.o￿, communty WIIen￿ and disaster relief ara growing areas of our work. Through infrastrudure and agriculture pro1￿. we trnsuro communlties are prèpared for, and able to respond to, nattjral and human-made disasters. We also improve food security and nutrth.on oUt￿meS by imwoving skills, k￿vledge and techrology $0 Ihal people have incTrased access to nutritious food. 2023 ligNights'. More than 120 $bJdenis and comrnunity meTllber5 in Ghyangfedl attended disasler preparedness trainiro.

ADARA DEVELOPMENT IUKI TRUSTEES'RepoRTI¢ONTINUEDI YEAR ENDED 31 DECEMBER 2023 Pathrahlpsfor change As well as Imp￿menting our own projects, wè work vAth a handful of èxtraordinary grassfQ)ts NeFoli organi8ation8 who are experts in their ar￿ olwoJ1(. These indude". • Hands In Outreoth IHIO) helps rnots than 160 Ghadren - rnosly girf8- living in poverty to g¢ lo school. We support lh8 9irls' families with he8llh and dentsl theck-ups, ￿ri{￿li¢ food distributi￿ and emèrgency support. We also support le8chors at their eady leaming centr& In Kathmandu. • The Womèn's FOUnda￿On IWFI ￿0￿deS ¥ SUPFth to vulrwatrje thildren who VKm$ of traffi￿Tr3 sexL4 $￿e. An a kam olexper￿dI¢￿l 8ff to skjuskn ￿ protec￿ ftyhurK1redSof￿OMan aThJ gits ethyw. . Th• Nlmalayan Innovatlve&lety (THIS) w0￿S to reduce the inryden¢ of¢hlldtrafficking trom Ih8di8tri¢t through anti-traffithing radio prcgramm&s. Adara supports THIS lo feduce trafficking in the Hurnf8 distrct through anli-trafficking proje¢X$ induding watchdog comrnittees, ￿nferen￿S and radio prograThmtr$. . Thg Hlmalayan Chlldren S¢xrety IHCS} partners %ith the Y8lbang Sehool. It's a M￿e1 govemrnenl tscility wth two on-site hostels. Adara SUppC￿ the running ¢osts ol one of the hostels, prowdes sthtslarshlps to studènts in thè to￿ ol uThforms and textr)￿kS, and funds Ihe salaries ol si¥ teachers. Matemal. Nevrtjorn and Chlld Hgalth IMNCHI we'￿ on a mission to strengthen rnatem81, newborn at)d child health serVI￿S in l(Yw-resourc settings. Wè specialis8 in delivering high-quality he8lthcara to women. newboms and children at health f8ts1itie$, in the o)rnmunity and at home. Sy up$killing heallh rJrkers, equipping faa'lities and slrerW&ningthe health system, we aim to reOJce weventable maternal and newbom d¢8tr6. With 25 years, experience working in partnership with Kiwoko HtssPit81 to devdop a Contre of Ex￿llence. we e now scaling our progr3mme$ tts a¢¢elerate change across Uganda 1hrOu￿ AdaraN¢wborn. Ad8r¥Nowborn We a￿ expanding our high impact model Ih81 has the powerto halve nevthrn deaths and $ti11births $￿¢$$ 10 facilitie5 in Uganda ovor Ih& next decade. It indudes five 8rrn5'. antenatal care, inlrapartum care, inpatient care for small and sd( newtA)ms, postn8ts1 Care, and lollow-LbP care and earfy intervention, Ad$raN￿b¢1n ￿11 strengthen the h¥allh syslam by developing regional hubs of rEwbom care. 2023 highlights.. 384 newboms receiwj care in the Naseke Hospital S￿¢[al care by unf( ISCBUI, ¥wth a 98% survival rate. 2,836 delNeries in the Nakaseke rnaternity ward. Centre of Excellence- Klwoko Hospltal Al the heart of AdaraNewb¢yn is a holists'c model ofcare to wcrfnen, n￿born$ and ¢hildren that we pioneered w￿h our partner, Kiwoko Hospital. This work IKqs boon re¢ognised by Uganda's Ministry of Heatth as a Centr¢ ol Excellence in the ￿￿ntry. We 8retommitted to maintaining K￿kO as a Centre of Ex￿llence by supporting Ihe hospitsl's programme8 8cYoss the conlnuum ol we. 2023 highlights. 2.591 womon cared tor in the Kiwoko Hospit4 rnatémity ward, wrth a 99.88% survival r¥ttr. 1.361 bats'es ¢8red f¢r in thtr Kiwoko Hospital neonatal intensive care unil INICUI. 85% SLKvival rate for ￿e￿I0￿n& in the Kwco NICU - on kncxease from 77% in 2CK)5.

ADARA DEVELOPMENT IUKI TrUSTEE¥ REPORT ICONTINUEDI YEAR ENDED 31 DECEMBER 2023 Hmpitsl to Home Hospital lo Home IH2HI is our llagship newbom follow-up programme supporting high-rfsk infants in the l)ospitsl and after ￿Ing home. It strengthens care for infantg in 8 neonatal unrt through parent programm¢s and promob.on ol care that e￿￿UrageS brain development. tt also prowdes regular at-home follow-up SUPPOrt after discharGe through a netr￿rk of communty heatth workers. H2H srt5 in the 'fc41ow-up' attn ol AdaraNewbtyn. 2023 h￿hlIghts.. 946 infants enro118d in our H05pit81 lo Home programme-97% have recèNed 811è89t ()ne atthome follN- UP VlsiL 120 community he81th workers volunl¢erg. sklled s¢JpeNsed and $upplied. Earty Intervontlon- Baby Ubuntu Dw¢loped by the Lon¢knn Sd)ool ol Hygiene and Tropical Medicine. Bsby Ubuntu Is an early-int&rvention programme that aims to iMp￿Ve quallty ol hfe lor cil(fren wth mild lo sÉvÈre n¢urcKJisabilitie5 and their caregivers. The programme includes a parent edutstion trainiTr3 programme with 11 modul￿, Boby Ubjntu also siis in tho'frJlk)W-up and 8arty inter¥?ntiw' ol AdaraNewboTn. 2023 hyhlights.. 47 inf#nt$ erwdled in the B8by Ubuntu programme- 34 graduated from the programme in 2023. 150 have ￿TtICIpated in the pro￿8mm￿ since inception in 2021. Bubblo CPAP IQt Respiratory distress syndrome IRDSI is a lèading cause of death fcr babies bom prernaturely. To help these "ny babies breathe. we teamed up Vvith PATH. University of Washington, Seattle Children's H05pit81 and Kwoko Hosimtal to develop an innovabve. I{￿-￿>st ￿bble 0)n￿n￿OU$ posrtive aiwy pressure IbCPAPI kil for bat￿S sufferiryJ from RDS in Iow-resource setbrgs. tt ￿Uld save hundreds ol Ihousan¢J$ cl lives worl¢kn'de. 2023 highhghts.. We published new r¢$8rth Irom Sfjwoko Hospttal in PLOS GlobalPubli¢ H881th. 11 demonstrd that U8e ol the bCPAP 1$ feasib￿ in a UgaTh1￿ level iwo nevknm unil 8nd #ctsptablé to health care workers eXp￿enCe￿ wth bCPAP and oxygen blending. Adara Youth Communlty C¢ntr• The Adara Youth Communty Centre provides support to a(lole8¢¥nts through sexual and reprodUd1￿ heath education and setw1￿ induding family planning, counselling. life S￿.119 training, and connection with hoarth services. It also prowdes community outreach. w(¥king c40$8ty with schools, parents and k)cal leaders. These Servic￿ a￿ availaLle ￿ pets￿e aged 10t0 24. We aim to providtryouthwrth support to le￿1 happy * healthy lives. 2023 highlighls.. 624 youth ac¢¥ssed care at the AYCC. 4,615 Y￿jth re¢èivÈd heath edLtcation throuyl AYCC. 135 youro enrolled in tho AYCC to receive wtèri8ts1 care.

ADARA Dw￿Lop￿ENT IUKI TRUSTEES. REPORTICONTINUEDI YEAR ENDED 31 DECEMBER 2023 Crltleal Hearth￿r& Wè support vulnerable Commun￿eS in Centr81 Uganda, I￿JUdi￿ pwple livir¥J wrth HIV, dlabetes, disability"es, epilepsy. mentsl health condrtions and tuberwlosis By supporting lfjwoko Hosptal's HW, diabetss and ¢￿)MunIty.be$ed healthcare ICBHCI wogrammes, we en5uio Ihese groups have accessto es$entl81 seNi¢es. 2023 highlights. More than 1,900 people enrolled in Kiw¢ko's HIV progr8mm¥. Reserv•8 The Charity's resav45 arè marogaj to mre that bher8 we suffiiiwt and re$￿Ve$ to meet rKlirvJ wu1rejn￿ts. Any specific future needs and eontrngencies in excess of available unrestricted ￿serVeS wojld be metwth the support olother re581ed ents.bes and the setuiy. The Trustees consiir this policy appTopriate¢onshlering the sRe an¢J nature of the Charity's activities. At the end of the year under rewew the Unrestrict￿ reserves fur￿ is in surF4us by USD 14,68012022.. LISD 33,7991 and restricted resarves hjnd by USD 47.81012022.. USD 90,6491. Rlskmanagem•ni The Trustees coniinue to a$￿S the rnajor risks lo which the Trust is exposed and are satisftd th8t syst8rns a￿ in placo to rn￿gate exposure to these risks. Flnanclal revlew4nd rosults lor tho year The total income for Ihe year under rèvi￿ was USD 20S,997 ¢(%npa￿ to USD 257.950 Ihe previous yèar. Overall, the net deuease in funds for Ihe yearwas USD 61,95812022.. In¢rease in fvnds USD24,7241. Investmorttpollcy The Trustees. policy is to maximise irKome 8nd maintain ca￿tal value5 Within a Iow•risk environmerrt. The Truslefjs, investment power5 ale gc>vemed by the Trust Dèad, ￿knickn provide8 that the Trustees shall invest the lunds in suth invesknents as the Cornmitt8& $h41 f￿rn time to time tJiroL.

ADARA DEVELOPMENT IUKI TRUSTEES. REPORTicoNfiNUEDI YEAR ENDED31 DECEMBER 2023 Trustèè•' r•spon8ibilltlgS The Trustees ar& responsiblè for preparing the Tmstees, Annual Report ￿ tho fina￿1￿ 5tsbments a(wr(knce with sp￿icAble law and Unrted AcoJuntiTrJ Stsndards IUnit& lQngdom Ge￿rallY A￿pted Ae£ounting Praccel. The law applicable to Charities in England & Wales reqLJires the Trustees to wepare finanoial Statements ft)r ea¢h finana81 year whith give a true and lair view of the state of affairs ¢f the Ch￿lty and of the incoming resou￿S and application ol resources of the Charity ftt Ihat year. In preparin9 the finan(yal ststements, the trustee$ Arè required to.. s818rt suitable ae£ountng poliaes and Ihen apptythem ¢on$istently', observe the rnethods and principles in the Charitiès SORP 2019 IFRS 1021., makejudgernents and estimates that are reasonable and prudent., state whether ap￿ICable accounting stsndards have been folbwad, subject to ¥ny mrial depariur*s disclosed and expl8lned in the financial st8t¢ments', prepare the financial 5ts1em$nts on Ihe going C￿}ceM ba￿$ ￿lesS rt is inapproprkqle to presume that Ihe arity wll Continue In operation. The tW51ees are responsible for keeping proper aC￿u￿tIng records that disdose wrth rèasonable accuracy 8t any time ihe finanrial poslbon of the charity and enable them to ensure that th¥ financial statem?nts with the Charities Act 2011, the Charities IA(thunts and Reports) R¢gulaiions 2008 and the provisions of tre tru¥l deed. They 8re also responsible for s8feguarding the assets of cha¥sty and ttence foi takin9 reasonable steps for thg prevention and deleth.ckn olfraud a￿j other itregularit¢es. On behaifof the Trustee$ Exel Dats. 24AFffiI 2024

ADAFI4 DEVELCPMEMT IUKI INDEPENDENT AUDifoR'S REPORTTOTHETRUSTEES OFADARA DEVELOPIWIUKI YEAR ENDED 31 DECEMBER2023 Oplnlon We have sudited the financial statements ol Adara Development IUKI (the 'chwity? for the year trnded 31 D8￿mber 2023 whi¢h comprise the Statement ol Finanry81 Ath'v￿e3, Ihe Balance Sheet and notes to the financial stslemeThts, induding a summary of significant 8ccounting ptsli¢ies. The financ￿1 reporb'n9 tramework Ihat has bfen applled in their pr¥paratic￿ is applioble law and Unf(ed KiThJdom Accounb"n9 Standards. inclvJing Finanaol Rep)rting Standard 102 Tl)& Finènclal Reportng &andard appliGeble in the UK and Ropublic of Ireland IUnrt6d Kingdorn Generally A￿epted AcetyJntr'ng Prac1￿1. In our OF4nion the financial staternents.. gNe a true and fair Mew ol the stats ofthe d)arity's affairs as at 31 De￿[￿ber 2023, aTrJ of incomi resources and applicatK)n of resources, for thtr year then e￿ed., . have teen properfy wepared in cor¢atKe wrth Unrted lQngdorn Gener81ty Aceepted Ac(y)unting Pra¢tl¢e,' and . h8v• been prepared in accordance wilh the requlrements cllhe Chaiities Act 2011. Ba¥ls tor oplnlon We conducted our wdit in accordan1￿ with International Stsndards on Auditing IUKI IISAS ILIKII and appliG8ble law. Our responsibilitias under Ihostr standards ar? further described in tha Auditor's responsibilil.es for the 8uOit ol the financial statements Secti￿ ol our report. We are independent ol the charity in accordance with thè èihical requirements that are relevant to our audrt of the financi￿ ststements in the UK. including the FRC'S Ethical Standard, and wg have fulfilled our other 8thical responsibilities in accordance with these requiremènts. We believe that the audit evidence we h8ve obtained 15 suffi¢ionl ond appropri8t& to provide a basis for our opinlon. Coneluslon8 r•latlng to golng concern In aUdIt￿g the financHI ststernents. we have conduded that the Iw$tees' use of ts going ¢xncem b88is of ac¢outh"ro in the preparation ol the financial statemènts is approprkgte. 8ased on the wk we have perforrned, we have not identified any merial uncertaintK% ralab.ng to events or u)nditions that, indiwdualy (￿CollectiVe1y, m8y ¢ast Slgnificantdoubt on Ihe charitysability tocontinu? as a going nc¢m for a period ol at leasttwdvt months from when ihtr fmanaal statements are atrthoris&l for i&8ue. Our responsiblibes the responsibilibes of the Iwstees with respert to w.ng COr￿M are desGrib8d in the relev¥nt$eclions of thi5 reporL OtherlnfoThnallon The other infomiation compri5¥$ the informaticffl includgd in the trustees, annual report, other than the finanaal statements and our auditor's rep)rt Ihar80n. The trustees are reSpons￿e for the other information contain￿1 ithin the annual report, Ouropinion on the finaniial statements doe5not Coverthe other nform8tien8nd, except to the èxtent olhthse expliatly ststed in our report. we (*) not express ary form of assurance conclusion thereon. Our responsibility is tctr raad the other infcmalion and, in doing 80, consider whether thè other informatron Is rnalerially inconsistent wlh the fin8ncial statemtsnts, or our kn￿41&d90 obtained in the ¢ourse of Ihe audit or otherwise 8PP6ars to be maleri811y misstated. 11 we identify SLtch material in¢onsistenues or apparent material misstatements, we ar& required to determine whether this gives rise to a mat¢n4 misstatemenl in th¢ finan¢i81 stataments themselves. 11. based on the work we have perf£￿tr￿, o)ndude that ttere is a material misstatement of tINs other information, we are required 10 report that facL We hav8 nthng to report in this fegard.

ADARA DEVELOPMEwf IUKI 10 INDEPENDENT AUDITOR'S REPORTTO THETRUSTEES C￿ADARA DEVELOPIAENTIUKI YEAR ENDED 31 DECEMBER2023 M•tt¢rs on %thlch ￿ aro r•qulrad to report by •xe•ptlon We have ntsthing lo report in respect ol the following m8tttrr$ in r•lab"on to the Charities IAc¢ounts ond Reports) Regul$tions 2008 require us to repcrtto you if, in %xJr cpinion., Ihe infomiation given in the trustees. report is inconsistent in any material respec wth finanaal stslements., or suffits￿t￿Ynkn'ng records have not teen kept or th8 financial statements arg in agremenl with the accounting rectrd$", or we have not received all the inforrnalyc>n and explanat)￿ we require for our audit. Responsibllities oftrust••s As ex￿ained more fijlly in ¢he Iruslees, rosp)n￿bIlitI?S statement sel out on page 8, the trustees are responsible for the preparation of financAal statements vlhith grytt a true and fair view, and lor suth intemal ¢￿trol as the trustees delerrnine is necessary to ￿na￿e the prepwation ol financial stments that are free from matèrial misstatèment, bthelher dsjeto fraud or error. In preparing the ffnancial staternenls, the Iruslefrs are respon￿ble for assessing thè chanty's ability to Continue 8$ a gt)ing COn￿rn, discknsing, as aFplicable. rn8tters r6Lqted to 9oing concern and using the going concern basis of accountin9 un10ss the trustees eilher intend to liquid8te the charity orlo ￿se operations. or have no realistic attemative bul to do 80. Auditorf$ resptsn$lbllltl•s forthe audlt of thefinanclal staternents We have been appointed as a￿ltOr under secthon 145 tsft￿ Charrts Act 2011 and Teport In accordants with the Act and relevant regulations rno(ltr or havin9 effect trEreunder. Our objectives are to obtain reasonable assuwctr aboui whether the financial staternents as a Who￿ aro fr88 from material rnisstalernent, whtlher due to fraud or error, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a hlgh level of o$suran¢e but is not a guarantee that an autht conducted in accordarrE with ISAS IUKI will always detect a matsrial misst8tementwhen il exists. Misstatements can arise frorn fraud or ewor and are ¢onsidered material il, Individually OT in the aggregate, thtsy ¢ould reasonabty be exptrrted to Influen￿ the economic deosions ol users taken the basis of these finanaal st8twnents. Irregularities. including fraud, a￿ inSta￿S ofnon<ompliancewth lawsand regulations. W&des￿rn procedures in line wlh our ￿￿nSibilIties, outlined above, to dele(x matèrial misstatements in r&specl ol irregularities. including fraud. The extent to which our Pro￿dureS are c4)able of detecting iriegul8rititr$, Induding Iroud. is detailed bek)w. The risk ol not deteeting a moterial misstatement resutting from error 18 wnsd¢r¢d to te low. The risk ol not detecting a material rnisstatement ￿V￿.n9 frcmn traud is higher, as fraud may involv¢ edlusitsn, for92ry, intentional ornissions. mi3repres¢nt8b¢)ns, orthe overrtyye ol intemal control8. In the context ol Adara Devdopment (UK), we hav$ not hyentified any specific Laws and wubb'¢ns oth¥ tran general cotnrnercial Iws and regUlat￿n$. such as.. Ch8ribe$ Act X111,' TTUStees Act 2000. Ch8rthes Commisson regulations,. Heatth and Sa￿ty legi￿at1)n and GDPR regulations. Our understanding ol the legal and ￿gulatory framewotk awJllca￿e to Adab3 DevelopffEnl {UK) and how Ihe thaity has cornplied wth rts obligat'ons has been obtained by enquiry ol management and those charged with g0veman￿. As part of Qui enquiri&s, we have dscussed pdicies and pro¢eilures on CDMplia￿e with18w$ and règuLatfons and whether any instanc*$ ofnow)mpliarte have occurred.

ADARA LEVELoPmE￿ IUKI 11 INDEPENDENT AUEITOR'SREPORTTOTHE TRUSTEES OFADARA DEVELOPMENTIUKI YEAR ENDED31 DECEMBER 2023 Our understanding of thè Charity's poliLMg5 ¥n¢J procedures ￿ frajd risk has beèn obtained through enquiry with management as to the conirol acbvth"es, operatsonal systems in place and hknether Ihere is knowledg¢ of any 8dual. suspthd or alleged fraud. (￿n￿der that the audrt team collectively had the appropri& ¢ompetence and capabilities to identity or rec¢yJnis non-complianeè wth laws and regulations. DuriTrJ our authl work there were nD significant instan￿3 of non-cornpliance identified. In responsa tci the ajdit risks idenb'fied in respect of irr¢gularity aTrJ fraud, we have undertaken Iho following pro￿dUreS'. Enquiry ol rnanagement, and those chargèd with govemance around actual pol•nltal litigation and daim$. Enquiry ofmanagemenf and those chargedwrth govemance to identfy any instances of non- Complian￿ with laws and regulations. Enquiry of managemen( and those charged with govern8￿￿ lo identlfy SL*Jsequenl events that have CfLurred after the year end relating to this financial ytrar. Reviemng legal expenses during and alter the year end for evid¢n¢￿ of norF¢ompllanGe wth laws ¥nd regulations. Reviewing fin3nci81 ststement d'sdosure8 and testing to SUPPOrting doc4Jmentation lo assess complian¢8 wth apKlicable laws and regul8tion$. AU￿￿'ng tr6 risk ol management ov¥ride of controls, i￿luding thrts￿h tesb.ng joumal entries and other Jjustrnents for appropriaten9$5, and evalualing thé busineu fat￿ale ol significant transa¢bons outstde the tK)mal cow3¢ of business. A fvrther descnpts.on ol our re8ponslbilities for the audrt ol the finarKia State￿entS is located on thè Financial Reporting Council'5 wtrbgte at.. www frc.tsrg.ukJauditorsre$ponybilits"es. This desoiption form5 part ol our auditor's report. Uge of our report This report is male solely to the d)arity's trustees, as a b)dy, in accordanc¥ with Part 4 of the Charities IAco)unls and R¥portsl Regulat￿n8 2(￿8. Our audit work has been undertaken so that we might st8te to the charty's trustees those matters we are require(1 lo state to Ihem in an audit￿,$ reFK)rt and for no other purpose. To tho fullest extent pemiitted by law, we do not accept or assume respongbility to anyone othe( than the charity and the d)arity's trustees as 8 body. for our audit work, for tINS report, or fty the opiniotvts we have forrned. SOMER8 Ch8rteréd LIMITED, countants and StsbJtoryAudrtor 30 Nelson Street Leicester LE17BA som0￿Y$ LMnKedis 8llgibh to •¢1 0$ an èudftorin lemis of se¢lion 1212of Ilx• Compotts$Art200&

AOARA DEVELOPMENT IUKI 12 STATEMENT OF FINANCIALACTIVITIES YEAR ENDED31 DECEMBER 2023 Unrestrktéd ReStr￿ed Fu USD Total No USD USD us Income and •ndowments from: Donatlons & legac1￿.. Donations, grants and legpries 124,256 82.741 206,997 257. Totsl 124.256 82,741 206,997 257, Expehdlture on.. Charitablg a¢tNSb8$ 143,785 125,5 269,365 231 Total 143.785 125,580 269,385 232. Net incomellexpendllurel before other r•¢¢ynlsed galnsllosses 119.5291 142,8391 162,3681 25,36 other recognlsed galnol1lo9$￿I Ex¢hange diff8renc8 410 410 1643 N•t mov?ment in fund• 119,1191 142,839) (61.9581 Recon¢iliation of fund$ Total fiJnds brought forward at 1 January 2023 33,799 Sf>,649 124,448 99.72 Balances carried forw8rd at 31 December 2023 14,680 47,810 62,490

ADARA DEVELOPMENT (UK} 13 8TATEMW OFFINANCIALACTivmES YEAR ENDED 31 DECEMBER 2023 Comparatlve Statwnènt of Flnanclal A¢￿vIlle# For year gnd•d 310ecember 2022 Unrestri(*ed Funds USD Reslritxed Totsl USD USD Incomo and endowm•nts from: Donations & l•gacle8'. Donations, grants and legac4e8 154,950 lo3.￿0 257,950 Totsl 154,950 103,Crf)D 257,950 ExpeNllture on: Charitable acb'vities 212.842 19,941 232,583 Total 212,642 19,941 232,583 N&t Incomellexpgnditur•} before other r8ct)gn18ed galnslloss 157,6921 83,059 25,367 Other re¢ognl8ed galn$lllosseF Exchange differe 18431 16431 Ngt mov•m•nt In funds {58.3351 83.059 24,724 Roeonelllatlon of lunds Total ￿ndS brou9ht f￿ard al 1 January 2022 92,134 7.590 99,724 Balances carrièd fornvgrd at 31 Oecernber 2022 33,799 90.649 124.448

ADAR4 DEl+ELOPMENT (UK) 14 8ALANCE SHEEr AT 31 DECEMBER 2023 2023 USD USD Current ¥¥•ets Cash * bank and in hond 68,492 91.973 Trade receiv*)lo 37.952 Total current assets 68,4¥2 Current Ilabllltl Credltors.. amount$ falliry due wtthln one year Acuu8ts 6.￿2 5.477 Tolal curront Ilabllltle• s,￿2 5,477 N•t assets 62.490 T￿ funds ofthe Charlty Restricted fuTrJs 47,810 90,649 Unreslricted knds 14,680 33,799 Totsl Cha￿ty fund8 61490 12 Tnese a￿unt$ were approved on behalloltheTrustees on 24 April 2024 &gned on Iheii befKall by".- A. Ex•1 Tho note$ on pages 1510 19 fomi part ol these financial ststements.

ADAIIA DEVELOPMENT IUKI 15 ITESTOTHE FNANCIALSTATEMENTS YEAR ENDED 31 DECEMBER 2023 Reportkng Enllty Adara D•w8lopYnent (UK) was constituigd by the Twstees on 20 May 2CQ2. as amended by a Supplementary Deed dated 3 June 2003. 8 sewnd Supplernentsry De¢d dated 21 June 2010, a third Supplementary Deed dat&1 18 Fetruary 2011. a fourth Supplementary Deed datod 10 N9￿Mber 2014 and a fifth sLP￿ementary Deed dated 20 MarL 2024. A¢¢ountlngpollclo5 The financial statem￿t$ have been k¥epa￿d on a going concem basis under thè hlstfthcal cost convention with rtems rwni8ed at ¢o$t or tr8nsactKJn Wdlue unloss otherwise stated in the rdevant notes to these accounts. The finan¢Tal $tOtements have been prepared in aCC￿dan￿ ￿￿th Ihe Stslement of Recommended PTathe', A¢countin9 and Reporting by Charities preparing theor accounts in occordance - vith the Finand81 Reming Stanthrd appliCa￿e to Ihe UK and Republi¢ of Ireland IFRS1021 issued in October 2019 and wth Ihe Fina￿al Rewrbng Stand8￿ ¥p￿l￿b￿ in the United ￿ngdOM and RepU￿1C of IreLgnd IFRS10218fKI with the CharitiesA¢t 20118nd UK Gewralty Actspted Ac¢¢unting Prnctice. The Chaiityc￿slltlrtes a public Ln&fft$ntty as defined by FR8102. The gnthcant accountiTrJ pdiaes typli8d In ts preparabon of the finandal statements are Set oul tlLWrf. These polcae6 havtr been consisterfy ap￿led to all years presgnted unless otherwise stated. 2.1 The finanaeA statwnent8 and a$s￿L9t8d notes fcjr the year trnded 31 Decembw 2023 have b presented in United States Dollars IUSDI. The ￿￿1￿￿81 currenryolAdara DevelopmenllUK) is USD aTrJ th¢refor& the use of USD for presentslion purposes is appropriate. Monetsry amounts in these financAal statements are rounded lo Ihg neare$l ¢Jollar. 2.2 All incoming r¢sourw (eX￿p1¢nYestM￿t ino)mel are ac02untedfoT on a rwAvable basis, except in so far as Ihw arè incapable of financi81 measurement Income tax iecoverable in relation to donatrons received under grft aid or dèèds ol covonant is re￿gnised at the bme of the dc>nation. Vlfftere inoThing resources have rdaled expendrture las With￿ndraIsing orcontractincomel the ircomiro Tssouffjes and lated eXpeThYr￿re a￿ reportedgross in the stateM￿t ofFinandal Ac11v￿¢S(soFAj. 2.3 Dona￿'OnS are only i￿￿￿ed r) t1￿ SOFA when the Charity has urKonditi¢nal ant￿&m￿nI lo the resource8. 2.4 Grants relating to revenue ale ￿0)gnised in in¢om&on a systematic basis overlhe peri￿5 in Ihe entity recognised the relatedco$t$ forwhid) the grantls Intendedto o)rnpensale. 25 Invo$bn￿t 17crJme i8 acLounted foras recei¥ed. 28 Rescur￿8 exw)d¥d are induded in the Stmènt of F1nanoal Aththes on an acenwl basts, indusiveofanyVAT whith ￿nn0t bèrèrx)vered. 27 LthilIt￿S are Teccgnised as Soon as is a ￿gaI orconstruthve oNigion ¢cYnmithng the Chwty to pay out resour￿. 26 GOv&nan￿ ￿sts Ihe costs of Ihe preparation and exaM￿atiOn of$tatErtory acjxjunty the costs oITvustee meeb'ngs and of any legal ￿vIC8t0Truslees on govemanc8 orc4)nstrtulion81 mott&rs. 2.9 D¥bth and cr&Jitors rwEivablÈ I payabK8 wthin one yew wth no st8ted interest mte and r￿va￿e or payatle wthin one year ar$ rec4)rthd at transaction prts. Any losses arising frorn Imp8rrntrnt are rècognisÈd In èxpendilwe.

ADARA DEVELOPMENT {UK) 16 M)TES TO THE FINANCIAL STATEMENTS ICONnNUEOI YEAR ENDED 31 DECEMBER 2023 2.10 The Fund is 8 rtylstered Charity and thus Is8xempt trom taxat￿n w its incorne and¢apital gains. 2.11 Unreslricled ￿n￿$ are thosethatare available for use, atlhedis¢retionoltheTruslees, in furtherance oftrte general objectives Of1￿ Charity. Restricted fvnds are those that are lo be used in accordan wrth speTh'fic restrithons imposed by O)nors or have been ra18ed by the Charity for partlcular purposes. 2.12 The fina￿181 stalgm•nts have been pr8F4redon a going cnrrEm basi$8sthe Charity believestr￿1 no maleri81 uncèrt8inti8s exist. The Ch￿ty has consideredthe offrJnds heldand the exp￿ lev ol incorr and expenditure 12 months frorn authcn'sing these financAal statements. The budgeted irthme and expendrture are suff￿ent W7th the18v&l of reserves for th8 Chanty lo ¢onlnw as a going c¢n¢Xm. 2.13 Cash aThJ cash equiv3lÉnts indude dewsts hekl al call with banks. Charllablga¢llNrfW 2023 USD USD Grants P8td Bat1( charges Proj¥i# relatsd costs Governarttr costs- Audit 233,227 227,176 2x1 ,, 30.000 6.002 Totsl Ch•ritabl• actlvltles 269.365 Grants pald IndLKle Ihe folknviro significant itams.. Name of Institut5on Kiwoko Hospit. N8k8seke District. UggThJa Pur Ctynmunity heamh care in the N8kaseke District, Uganda 153.755 Adara Devdopment IUg8Thlal Communty-baseA maternal, newbom, thild health and youth ￿)mMy￿ty ¢¢ntre programmes which include8 AdaraNe¥s1)orn, Hospital to hom¢ and Uganda Yolrth projects In addthon to direct project and support staff and office operating costs in Uganda 23,892 Ad8ra DeVdorM￿t Iugandal A comrnunty-bas¢d e•rly-int&Nonlon programme lor infants at risk of disabilty and iheir caregivers (Baby Ubuntul 55,580 233,227

ADARA DEVELOPME￿ IUKI 17 NOTES TOTPIE FINANCIALSTATEMENTS IcTh¥nNUEO} YEAR ENDED31 OECEMBER 2023 R•8trlctsd fvnds 1 January 2023 IncomirYJ Resource8 Oulgoir¥J R￿s￿rc&S 31 Decemb 2023 Mltemal Newbom Child Health 90,649 90.649 82,741 82.741 1125,5801 1125.5801 47,810 47,810 1 Janlory 2022 IncomirYJ ReSoUr￿S Outgoing Reswr¢è8 31 De¢ember 2022 Maternal Ne%JDrn Child Health 7,590 7,590 103,OLN) 103,000 119.9411 119,9411 90,649 90,849 Pl#F￿ offijnds Matemal NewtK>m Chikl Health fu￿$ SUPPC>rtworf( to redwe PreVenta￿e malernal, newbyn and thild d¥th$ arKI irnpiove Ihs heatth and wetlbèing of communities in low rtssour￿ settin9S. Anatysls of not a58ets betWOon fvnds Unrestricted Funds USD Rastricted Fund$ USD Total Funds USD Fund balartes al 31 tkcember 2023 are represented by.. Current assets Current liabilities 20,882 {6,0021 14,680 47,810 68,492 16,0021 614 47.810 Unrestrfcled Funds USD Rèstricted Funds USD Total Funds USD Fund balan￿$ at 31 December 2022 a represented by.. Current asséts Current liabilities 39.276 15,47n 33,799 129,925 15,4771 124,448

ADARA DEVELOPMENT (UK} 18 NOTESTOThE FINANCIALSTATEMENTS ICONllNUEO YEAR ENDED 31 DECEMBER 2023 Trusi¢es' rÈmun•ratlonandoxpn8es No remunerab.on or exFenses have been paid toTrustse$ duringthe year. Related p•ity tr4nsacUon¥ Adara Deve￿pM￿nI IUIQ is part of the inlemational dÈV￿opMent organisation known as Adara DevelokNn¥nt ah)ng with Ad8ra Dfrvelopment IAustrali41, Adara De￿t0pment (Bemiudal. Adara Devdwent IUSAI and Adara Devèlopment Iugandal. Addthnalty, Remote Corrmunty Developrnent an(J Innovation, Leamirg aKI Evalua*"on Nep81 programme support Is carried out through Adgr¥ DevdoFxnent (Australial's f￿gn oparalion in Nepal IINGOI- Durlng thè year Adara Development IUKI received $11,050 Irom Adara Development IAustr8lk818nd tr￿sferred $135.622 toAdara DeVelOE￿ent[U90ndaI and $30,CKJO lo)Adgra Development IUSAI to fund project eX￿n$¢$. Adara Devebpment IUKI Is mana9ed and administer￿ by Adara Developrnonl (Austmlial - a registered not-ftsr-p￿fft enb'ty in Australia. The company In ts capac4ty as rnan¥ger and administrator delermin6S the projeLts in respect ofww AAJara D8velopment{UK) 1$ lnVdv￿. Subsoqu•ntwents In the inteNal befftn end ofthe finarKial year and tho date ofthis rer(Jr( no transafxton or event ofa material or unusual natu￿ likely to sig1)ffi￿nIY affeclthg operations of lh¢ entity or the state of affairn of thè ￿tity ui lubjre years ocr)Jrréd 9. Commltsnents During the ye8r, Adara Devel¢Jpxnent entered into, or was O￿lga1￿j by. certain 89reement8 with Ncfi- Gtrvtrmrnent Organisal'ons I'NGOs'1 in Nepal and Uganda. Although partial funding for the8e oJmmth8ntswll be provided by Ad8rs Development IUKI, no individual enbty within Adara Developtnwrt 1$ resp)nsitAe for the ctynrnitted payments and, therefr)re. the 1l8bilty.es have not teen recogni8ed in Ihese finanaal statements. Tho amounts cL¥nrr¥tted to by Adara Dwelopment are as foll¢M." Fundlng Cornmitt￿ t4Y Agreement January- Period D•¢•mber 2024 From USD 936.642 l￿an-22 31-Dec-24 919,399 25-Nov-14 ComFletlon of project 164,108 1-JaTr23 10-Mar-25 39,859 1-Jan-23 10-Mar-2S 10,222 1-Jan-23 10-Mar-25 5,787 1-Jan-23 10-M8r-25 Agreemgnt Perfod To l(woko Hospital Adara Devebpment Nep81 Hinalayan Children's Society IHCSI The Himalayan Inmvative Society ITHISI Hands in Oulre8¢h Projects IHIOI The Women's FoLtnd¥tion I Totsl 2 076 017

ADARA DEVELOPMEKr iuio 19 NOTESTO THE FINANCIALSTATEMEiifs ICONTfNUEDI YEAR ENDED 31 DECEMBER 2023 Commilmerts Iconvdl Adara Development reseNes tho nghl to refvse fvJndin9 should any organisab'on fail to meet all tenns and ￿r￿JItiOnS as spee4fd In the rdated agreerynts. FutK1ing cxjmmilments for subs8quent perK)l¥ are mithved and uptsby C￿ an arnua basis. Pbdges have been providèd by variws dO￿r$, or cash is ajrrsndy available, to provhts SLffiuent funding forthe commthents oudined above, extsndiro tothe end ofthe agreement k*ri¢JJ&