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 {IJst ￿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¢$*8rth Irom Sfjwoko Hospttal in PLOS GlobalPubli¢ H881th. 11 demonstr*d that U8e ol the bCPAP 1$ 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 consii*r 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& $h41 f￿rn time to time tJiroL*. ADARA DEVELOPMENT IUKI TRUSTEES. REPORTicoNfiNUEDI YEAR ENDED31 DECEMBER 2023 Trustèè•' r•spon8ibilltlgS The Trustees ar& responsiblè for preparing the Tmstees, Annual Report ￿ tho fina￿1￿ 5tsbments a(wr(knce with sp￿icAble law and Unrted AcoJuntiTrJ Stsndards IUnit& lQngdom Ge￿rallY A￿pted Ae£ounting Prac*cel. The law applicable to Charities in England & Wales reqLJires the Trustees to wepare finanoial Statements ft)r ea¢h finana81 year whith give a true and lair view of the state of affairs ¢f the Ch￿lty and of the incoming resou￿S and application ol resources of the Charity ftt Ihat year. In preparin9 the finan(yal ststements, the trustee$ Arè required to.. s818rt suitable ae£ountng poliaes and Ihen apptythem ¢on$istently', observe the rnethods and principles in the Charitiès SORP 2019 IFRS 1021., makejudgernents and estimates that are reasonable and prudent., state whether ap￿ICable accounting stsndards have been folbwad, subject to ¥ny m*rial depariur*s disclosed and expl8lned in the financial st8t¢ments', prepare the financial 5ts1em$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$tees' use of ts going ¢xncem b88is of ac¢outh"ro in the preparation ol the financial statemènts is approprkgte. 8ased on the wk we have perforrned, we have not identified any m*erial uncertaintK% ralab.ng to events or u)nditions that, indiwdualy (￿CollectiVe1y, m8y ¢ast Slgnificantdoubt on Ihe charitysability tocontinu? as a going nc¢m for a period ol at leasttwdvt months from when ihtr fmanaal statements are atrthoris&l for i&8ue. Our responsiblibes the responsibilibes of the Iwstees with respert to w.ng COr￿M are desGrib8d in the relev¥nt$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$tions 2008 require us to repcrtto you if, in %xJr cpinion., Ihe infomiation given in the trustees. report is inconsistent in any material respec* wth finanaal stslements., or suffits￿t￿Ynkn'ng records have not teen kept or th8 financial statements arg in agr*emenl with the accounting rectrd$", 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 st**ments 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$lbllltl•s forthe audlt of thefinanclal staternents We have been appointed as a￿ltOr under secthon 145 tsft￿ Charrt*s Act 2011 and Teport In accordants with the Act and relevant regulations rno(ltr or havin9 effect trEreunder. Our objectives are to obtain reasonable assuwctr aboui whether the financial staternents as a Who￿ aro fr88 from material rnisstalernent, whtlher due to fraud or error, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a hlgh level of o$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,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 $tOtements have been prepared in aCC￿dan￿ ￿￿th Ihe Stslement of Recommended PTathe', A¢countin9 and Reporting by Charities preparing theor accounts in occordance - vith the Finand81 Reming Stanthrd appliCa￿e to Ihe UK and Republi¢ of Ireland IFRS1021 issued in October 2019 and wth Ihe Fina￿al Rewrbng Stand8￿ ¥p￿l￿b￿ in the United ￿ngdOM and RepU￿1C of IreLgnd IFRS10218fKI with the CharitiesA¢t 20118nd UK Gewralty Actspted Ac¢¢unting Prnctice. The Chaiityc￿slltlrtes a public L*n&fft$ntty as defined by FR8102. The *gnthcant accountiTrJ pdiaes typli8d In ts preparabon of the finandal statements are Set oul t*lLWrf. 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$bn￿t 17crJme i8 acLounted foras recei¥ed. 28 Rescur￿8 exw)d¥d are induded in the St*mènt of F1nanoal Aththes on an acenwl basts, indusiveofanyVAT whith ￿nn0t bèrèrx)vered. 27 LthilIt￿S are Teccgnised as Soon as is a ￿gaI orconstruthve oNig*ion ¢cYnmithng the Chwty to pay out resour￿. 26 GOv&nan￿ ￿sts Ihe costs of Ihe preparation and exaM￿atiOn of$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 spee4f*d In the rdated agreery*nts. 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&