2024-12-31-accounts - Adara Development (UK)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

ADARA DEVELOPMENT (UK)

ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2024

SOMERBYS LIMITED CHARTERED ACCOUNTANTS 30 NELSON STREET LEICESTER LE1 7BA

ADARA DEVELOPMENT (UK)

INDEX

Charity Particulars Trustees’ Report Independent Auditor’s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements	Page 1 2 - 8 9 -1 1 12 - 13 14 15 - 19

ADARA DEVELOPMENT (UK)

REGISTERED CHARITY NO: 1098152

Trustees	Ms A Exel (Chair)
	Mr D Stapley
	Ms K Vacher
Executive Officer	Ms M Vaughan
Address	Level 2, 117 Harrington Street
	The Rocks
	NSW 2000
	Australia
Auditor	Somerbys Limited
	Chartered Accountants
	Statutory Auditor
	30 Nelson Street
	Leicester
	LE1 7BA
Bankers	HSBC Bank plc
	60 Queen Victoria Street
	London
	EC4N 4TR
	Commonwealth Bank of Australia
	201 Sussex Street
	Sydney
	NSW 2000
	Australia
Connected Charities	Adara Development (Bermuda)
	Adara Development (Australia)
	Adara Development (USA)
	Adara Development (Uganda)

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT YEAR ENDED 31 DECEMBER 2024

The Trustees present their report and the audited financial statements of Adara Development (UK) for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Structure, governance and management

The Trust was established under a Deed of Trust dated 20 May 2002, as amended by a Supplementary Deed dated 3 June 2003, a second Supplementary Deed dated 21 June 2010, a third Supplementary Deed dated 18 February 2011, a fourth Supplementary Deed dated 10 November 2015 and a fifth Supplementary Deed dated 20 March 2024.

The Charity is administered by the Trustees as listed on page 1. Where there is a requirement for new Trustees, the power to appoint new Trustees is vested in Audette Evelyn Exel. The remaining Trustees acknowledge receipt of the appointment of the new Trustee in writing.

Objectives and activities

The Trustees shall hold the Trust Fund and its income upon trust to apply it:

for the relief of poverty anywhere in the world;
to advance education anywhere in the world; and
for the relief of sickness by the provision of healthcare anywhere in the world.

In furtherance of the above objects the Trustees may, in particular, alone or in association with others (but not so as to limit the generality of the objects listed above):

initiate healthcare projects in the developing world with the aim of improving the health of children or adults in underprivileged communities.
procure essential drugs and medical equipment for use in underprivileged communities
establish outreach medical services for remote areas of the world
educate and train healthcare workers to provide healthcare services
promote education and initiate education programmes in the developing world through school improvement and vocational education support
establish, support or transfer funds to any charitable trust, charitable company or other association or institution which is formed for any of the objects above.

Adara Development (UK)'s purpose is to: "bridge the worlds of business and the world of people in extreme poverty, and to support vulnerable communities with health, education and other essential services.”

In applying the Trust Fund in accordance with their charitable objectives the Trustees shall aim to achieve the mission statement by:

Improving the lives of people in remote communities through model health, education, child protection and youth development programmes.
Reducing preventable maternal, newborn and child deaths and improve the health and wellbeing of communities.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Supporting Adara’s teams in proving, improving, and disseminating the outcomes and approaches used to provide quality health, education and other services.
Increasing the impact of our programmes by ensuring they are informed by innovation and best practice.
Exponentially widening Adara’s impact through external sharing and internal exchange of knowledge in our areas of expertise including Remote Community Development, Maternal, Newborn and Child Health, and the Adara model.
Providing exceptional administration, compliance, financial, IT and legal services to support and facilitate the Adara Group’s mission and manage and mitigate operational risk.
Building brilliance, and support and develop our exceptional teams.
Inspiring and bring joy to existing and future supporters, raise Adara’s global profile, and acquire new funders and partners.
Ensuring the long-term financial sustainability of Adara Development’s critical work by being Australia’s preeminent boutique corporate advisor with a ‘panel for purpose’ model replicable in other markets and industries.

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.

Achievements and performance

Adara Development (UK) is one of a number of registered Foundations and Trusts under the Adara Development banner. Adara Development receives donations through partnership agreements, support from businesses or individual donors. Globally in 2024, Adara achieved the following for families and their children through our remote community development and maternal, newborn and child health programmes.

Remote Community Development (RCD)

Since 1998, we’ve built Remote Community Development programmes that improve health and education outcomes in remote areas. Now we’re strengthening and scaling these remote community development programmes through AdaraRemote.

AdaraRemote is a holistic community development model spanning five pillars of service delivery: education, child protection, youth development, health, and community resilience. Together they support people – particularly women and children – to truly thrive.

We believe that these foundations can support communities to truly thrive. This work is done in partnership with local, regional and national governments, as well as local organisations and communities.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Education

Over the past 25 years, we have developed a comprehensive model of remote education that ensures children, especially girls, have access to quality education from early learning to tertiary level. This model is based on our experience in developing Centre of Excellence schools, including Yalbang and Shree Ghyangfedi. To complement the impact of these leading institutions, we work with a network of 15 surrounding schools to uplift quality of education across the Nuwakot and Humla districts.

2024 highlights:

2,023 students enrolled in 15 Adara-supported schools.
53% of students across Adara-supported schools that are girls.

Child protection

We ensure children are safe, feel safe and can thrive. We do this by strengthening child protection systems through advocacy, knowledge sharing and reporting processes; enhancing child participation in education; and raising community awareness about the dangers of child trafficking and child marriage. By improving quality of education and helping to keep children – especially girls – in school, we aim to eliminate child trafficking and child marriage in our areas of operation.

2024 highlights:

7 of Adara-supported schools have established child clubs, with 62 child club meetings held in 2024.
Approx. 3,300 antitrafficking radio programme episodes were aired, with 6 aired daily from January-June and 12 aired daily July to December.

Youth Development

We support youth to access vocational and higher education opportunities so they can build pathways to meaningful employment. We also elevate their voices, supporting them to influence youth policies and plans.

2024 highlights:

38% of graduated Adara youth are employed in the job market, with 67% of graduated Adara youth in Ghyangfedi currently employed
Supported 70 youth from Humla and Ghyangfedi with scholarships to pursue tertiary education or vocational training.
16 Adara supported youths are currently working back in their Humla Community.

Health

We ensure communities in our target areas have access to year-round healthcare. As part of this work, we strengthen the health system; ensure access to quality healthcare; improve water, sanitation and hygiene; and enhance access to maternal, newborn and child health services. We do this by partnering with government health facilities, investing in community health outreach systems and supporting traditional health practices.

2024 highlights:

7,652 appointments at five Adara-supported health posts.
2,520 visits to the Sowa Rigpa (traditional Tibetan medicine practitioner).
59 births at Adara-supported birthing centres, with an 100% survival rate.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Community resilience

With climate change causing increasingly dangerous weather conditions, community resilience and disaster relief are growing areas of our work. Through infrastructure and agriculture projects, we ensure communities are prepared for, and able to respond to, natural and human-made disasters. We also improve food security by improving agriculture skills, knowledge and technology.

2024 highlights:

111 households received new greenhouses in Humla, with 476 participants receiving greenhouse training.
650 households received vegetable seeds.

Partnerships for change

As well as implementing our own projects, we work with a handful of extraordinary grassroots Nepali organisations who are experts in their area of work. These include:

Hands in Outreach (HIO) helps more than 160 children – mostly girls – living in poverty to go to school. Adara supports the girls’ families with health and dental check-ups, periodic food distribution and emergency support. Adara also supports teachers at their early learning center in Kathmandu.
The Women’s Foundation (WF) provides legal support to vulnerable women and children who are victims of domestic violence, trafficking and sexual abuse. An Adara-supported lawyer leads a team of experienced legal staff to seek justice and protection for hundreds of women and girls each year.
The Himalayan Innovative Society (THIS) works to reduce the incidence of child trafficking from the district through anti-trafficking radio programs. Adara supports THIS to reduce trafficking in Humla district through anti-trafficking projects including watchdog committees, conferences and radio programs.
The Himalayan Children Society (HCS) partners with the Yalbang School. It’s a model government facility with two on-site hostels. Adara supports the running costs of one of the hostels, provides scholarships to students in the form of uniforms and textbooks, and funds the salaries of six teachers.

Maternal, Newborn and Child Health (MNCH)

We’re on a mission to strengthen maternal, newborn and child health services in low-resource settings.

We specialise in delivering high-quality healthcare to women, newborns and children at health facilities, in the community and at home. By upskilling health workers, equipping facilities and strengthening the health system, we aim to reduce preventable maternal and newborn deaths.

AdaraNewborn

Our evidence-based, high-impact model of maternal and newborn care with the power to halve newborn deaths and stillbirths across 10 health facilities in Uganda over the next decade. It will do this by supporting women and newborns from pregnancy through to their return home after birth. It provides health workers with training and mentorship; strengthens leadership and governance in the health system; equips facilities with the tools to succeed; and focuses on quality improvement systems. This creates sustainable systems change, saving lives now and reducing deaths into the future.

2024 highlights:

374 newborns received care in the Nakaseke Hospital special care baby unit (SCBU)
2,639 deliveries in the Nakaseke maternity ward.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Centre of Excellence – Kiwoko Hospital

At the heart of AdaraNewborn is a holistic model of care to women, newborns and children that we pioneered with our partner, Kiwoko Hospital, since 1998. This work has been recognised by Uganda’s Ministry of Health as a Centre of Excellence in the country. We are leveraging this experience to expand their model across Uganda. To facilitate this process, we are committed to maintaining Kiwoko as a Centre of Excellence by supporting the hospital’s programmes across the continuum of care.

2024 highlights:

2,523 women cared for in the Kiwoko Hospital maternity ward.
1,210 babies admitted to the neonatal intensive care unit (NICU).
83% survival rate for newborns in the Kiwoko NICU – an increase from 77% in 2005.

Hospital to Home

Hospital to Home (H2H) is our flagship newborn follow-up programme supporting high-risk infants in the hospital and when they return home. It strengthens care for infants in a neonatal unit through comprehensive parent education programmes and promotion of care that encourages healthy brain development. It also provides regular at-home follow-up support to these infants for six months after discharge through a network of community health workers. H2H sits in the ‘follow-up and early intervention’ arm of AdaraNewborn.

2024 highlights:

818 infants enrolled in our Hospital to Home programme – 97% have received at least one at-home followup visit.
120 community health workers volunteers, skilled, supervised and supplied.

Early Intervention – Baby Ubuntu

Baby Ubuntu is a programme of early care and support that aims to improve quality of life for children with mild to moderate neurodisabilities and their caregivers. The programme includes a parent education training programme with 12 modules. It provides emotional and practical support to caregivers so they feel empowered and confident. It also gives them the tools to care for their child. Baby Ubuntu sits in the ‘follow-up and early intervention’ arm of AdaraNewborn.

2024 highlights:

58 new infants were enrolled in the Baby Ubuntu programme and 22 babies graduated.
208 have participated in the programme since inception in 2021.

Adara Youth Community Centre

The Adara Youth Community Centre (AYCC) provides support to adolescents through sexual and reproductive health education and services. These can include family planning, counselling, life skills training, antenatal care services, and connection with health services. It also provides community outreach, working closely with schools, parents and local leaders. These services are available to young people aged 10 to 24. Our goal is to provide young people with support to lead happy and healthy lives.

2024 highlights:

739 youth accessed care at the AYCC, a 16% increase from 2023.
566 health education classes were held for youth.
3,205 youth received health education through the AYCC.
147 new pregnant women enrolled in the AYCC to receive antenatal care.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Bubble CPAP Kit

Respiratory distress syndrome (RDS) is a leading cause of death for babies born prematurely. To help these tiny babies breathe, we teamed up with PATH, University of Washington, Seattle Children’s Hospital and Kiwoko Hospital to develop an innovative, low-cost bubble continuous positive airway pressure (bCPAP) kit for babies suffering from RDS in low-resource settings. It could save hundreds of thousands of lives worldwide.

Critical Healthcare

We support vulnerable communities in Central Uganda, including people living with HIV, diabetes, disabilities, epilepsy, mental health conditions and tuberculosis. By supporting Kiwoko Hospital’s HIV, diabetes and community-based healthcare (CBHC) programs, Adara ensures these groups have access to essential services.

Knowledge Sharing

We believe the knowledge created through our programs is not yours to keep. We strive to scale the impact of their programs by sharing the data, research conclusions, training packages and lessons learned. We are taking our very best ideas and our biggest mistakes, distilled from more than two decades of working in the field, and sharing them locally, nationally and globally.

Reserves

The Charity’s reserves are managed to ensure that there are sufficient restricted and unrestricted reserves to meet funding requirements. Any specific future needs and contingencies in excess of available unrestricted reserves would be met with the support of other related entities and the settlor.

The Trustees consider this policy appropriate considering the size and nature of the Charity’s activities.

At the end of the year under review the unrestricted reserves fund is in surplus by USD 16,866 (2023: USD 14,680) and restricted reserves fund by USD 17,552 (2023: USD 47,810).

Risk management

The Trustees continue to assess the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate exposure to these risks.

Financial review and results for the year

The total income for the year under review was USD 146,404 compared to USD 206,997 for the previous year. Overall, the net decrease in funds for the year was USD 28,072 (2023: Decrease in funds USD 61,958).

Investment policy

The Trustees’ policy is to maximise income and maintain capital values within a low-risk environment. The Trustees’ investment powers are governed by the Trust Deed, which provides that the Trustees shall invest the funds in such investments as the Committee shall from time to time direct.

ADARA DEVELOPMENT (UK)

TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 31 DECEMBER 2024

Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to Charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing the financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the Trustees

A. Exel CHAIR

Date: 07 May 2025

ADARA DEVELOPMENT (UK)

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ADARA DEVELOPMENT (UK) YEAR ENDED 31 DECEMBER 2024

Opinion

We have audited the financial statements of Adara Development (UK) (the ‘charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charity’s affairs as at 31 December 2024, and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

ADARA DEVELOPMENT (UK)

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ADARA DEVELOPMENT (UK) YEAR ENDED 31 DECEMBER 2024

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The risk of not detecting a material misstatement resulting from error is considered to be low. The risk of not detecting a material misstatement resulting from fraud is higher, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

In the context of Adara Development (UK), we have not identified any specific laws and regulations other than general commercial laws and regulations, such as: Charities Act 2011; Trustees Act 2000; Charities Commission regulations; Health and Safety legislation and GDPR regulations.

Our understanding of the legal and regulatory framework applicable to Adara Development (UK) and how the charity has complied with its obligations has been obtained by enquiry of management and those charged with governance.

As part of our enquiries, we have discussed policies and procedures on compliance with laws and regulations and whether any instances of non-compliance have occurred.

ADARA DEVELOPMENT (UK)

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ADARA DEVELOPMENT (UK) YEAR ENDED 31 DECEMBER 2024

Our understanding of the charity’s policies and procedures on fraud risk has been obtained through enquiry with management as to the control activities, operational systems in place and whether there is knowledge of any actual, suspected or alleged fraud.

We consider that the audit team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. During our audit work there were no significant instances of non-compliance identified.

In response to the audit risks identified in respect of irregularity and fraud, we have undertaken the following procedures:

Enquiry of management, and those charged with governance around actual and potential litigation and claims.
- Enquiry of management, and those charged with governance to identify any instances of non- compliance with laws and regulations.
Enquiry of management, and those charged with governance to identify any subsequent events that have occurred after the year end relating to this financial year.
Reviewing legal expenses during and after the year end for evidence of non-compliance with laws and regulations.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

07/05/2025 ……………………………………………………. Date……………………….…. SOMERBYS LIMITED, 30 Nelson Street Chartered Accountants and Statutory Auditor Leicester LE1 7BA

Somerbys Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

ADARA DEVELOPMENT (UK)

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

Note Income and endowments from: Donations & legacies: Donations, grants and legacies Total Expenditure on: Charitable activities 3 Total Net income/(expenditure) before other recognised gains/losses Other recognised gains/(losses) Exchange difference Net movement in funds Reconciliation of funds Total funds brought forward at 1 January 2024 Balances carried forward at 31 December 2024		Unrestricted Funds USD 40,359 40,359 38,051 38,051 2,308 (122) 2,186 14,680 16,866		Restricted Funds USD 106,045 106,045 136,303 136,303 (30,258) - (30,258) 47,810 17,552		Total 2024 USD 146,404 146,404 174,354 174,354 (27,950) (122) (28,072) 62,490 34,418		Total
								2023
								USD





							206,997

							206,997



							269,365

							269,365



							(62,368)




							410

							(61,958)



							124,448

							62,490

ADARA DEVELOPMENT (UK)

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

Comparative Statement of Financial Activities For year ended 31 December 2023

Note Income and endowments from: Donations & legacies: Donations, grants and legacies Total Expenditure on: Charitable activities 3 Total Net income/(expenditure) before other recognised gains/losses Other recognised gains/(losses) Exchange difference Net movement in funds Reconciliation of funds Total funds brought forward at 1 January 2023 Balances carried forward at 31 December 2023		Unrestricted Funds USD 124,256 124,256 143,785 143,785 (19,529) 410 (19,119) 33,799 14,680		Restricted Funds USD 82,741 82,741 125,580 125,580 (42,839) - (42,839) 90,649 47,810		Total 2023 USD 206,997 206,997 269,365 269,365 (62,368) 410 (61,958) 124,448 62,490

ADARA DEVELOPMENT (UK)

BALANCE SHEET AT 31 DECEMBER 2024

Current assets Cash at bank and in hand Trade receivable Total current assets Current liabilities Creditors: amounts falling due within one year Accruals Total current liabilities Net assets The funds of the Charity Restricted funds Unrestricted funds Total Charity funds	Note 5 5	2024 USD 40,541 - 40,541 6,123 6,123 34,418 17,552 16,866 34,418		2023
				USD



				68,492

				-

				68,492






				6,002

				6,002

				62,490




				47,810

				14,680

				62,490

These accounts were approved on behalf of the Trustees on 07 May 2025 Signed on their behalf by: -

………………………………………………...

A. Exel CHAIR

The notes on pages 15 to 19 form part of these financial statements.

ADARA DEVELOPMENT (UK)

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024

1. Reporting Entity

Adara Development (UK) was constituted by the Trustees on 20 May 2002, as amended by a Supplementary Deed dated 3 June 2003, a second Supplementary Deed dated 21 June 2010, a third Supplementary Deed dated 18 February 2011, a fourth Supplementary Deed dated 10 November 2014 and a fifth Supplementary Deed dated 20 March 2024.

2. Accounting policies

The financial statements have been prepared on a going concern basis under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance - with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS102) issued in October 2019 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The Charity constitutes a public benefit entity as defined by FRS102.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.1 The financial statements and associated notes for the year ended 31 December 2024 have been presented in United States Dollars (USD). The functional currency of Adara Development (UK) is USD and therefore the use of USD for presentation purposes is appropriate. Monetary amounts in these financial statements are rounded to the nearest dollar.
2.2 All incoming resources (except investment income) are accounted for on a receivable basis, except in so far as they are incapable of financial measurement. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the Statement of Financial Activities (SOFA).
2.3 Donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
2.4 Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognised the related costs for which the grant is intended to compensate.
2.5 Investment income is accounted for as received.
2.6 Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of any VAT which cannot be recovered.
2.7 Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.
2.8 Governance costs include the costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and of any legal advice to Trustees on governance or constitutional matters.
2.9 Debtors and creditors receivable / payable within one year with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

ADARA DEVELOPMENT (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024

2.10 The Fund is a registered Charity and thus is exempt from taxation on its income and capital gains.
2.11 Unrestricted funds are those that are available for use, at the discretion of the Trustees, in furtherance of the general objectives of the Charity. Restricted funds are those that are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes.
2.12 The financial statements have been prepared on a going concern basis as the Charity believes that no material uncertainties exist. The Charity has considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the Charity to continue as a going concern.
2.13 Cash and cash equivalents include deposits held at call with banks.

3. Charitable activities

Grants paid Bank charges Project related costs Governance costs – Audit Total Charitable activities			2024 USD 148,299 118 19,814 6,123 174,354			2023
						USD

						233,227
						136
						30,000
						6,002
						269,365

Grants paid include the following significant items:

Name of Institution Adara Development (Uganda) Adara Development (Uganda) Adara Development (Uganda)	Purpose Kiwoko Hospital: Community health care in the Nakaseke District, Uganda Community-based maternal, newborn, child health and youth community centre programmes which includes AdaraNewborn, Hospital to home and Safe Bubble (CPAP) in addition to direct project and support staff and office operating costs in Uganda A community-based early-intervention programme for infants at risk of disability and their caregivers (Baby Ubuntu)	USD 31,810 29,748 86,741
		148,299

ADARA DEVELOPMENT (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024

4. Restricted funds

icted funds
Maternal Newborn Child Health Maternal Newborn Child Health	1 January 2024 47,810	Incoming Resources 106,045	Outgoing Resources (136,303)	31 December 2024 17,552
	47,810 1 January 2023 90,649 90,649	106,045	(136,303)	17,552
		Incoming Resources 82,741 82,741	Outgoing Resources (125,580) (125,580)	31 December 2023 47,810
				47,810

Purpose of funds

Maternal Newborn Child Health funds support work to reduce preventable maternal, newborn and child deaths and improve the health and wellbeing of communities in low resource settings.

5. Analysis of net assets between funds

Fund balances at 31 December 2024 are represented by: Current assets Current liabilities Fund balances at 31 December 2023 are represented by: Current assets Current liabilities	Unrestricted Funds USD 22,989 (6,123) 16,866 Unrestricted Funds USD 20,682 (6,002) 14,680	Restricted Funds USD 17,552 - 17,552 Restricted Funds USD 47,810 - 47,810	Total Funds USD 40,541 (6,123)
			34,418
			Total Funds USD 68,492 (6,002)
			62,490

ADARA DEVELOPMENT (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024

6. Trustees’ remuneration and expenses

No remuneration or expenses have been paid to Trustees during the year.

7. Related party transactions

Adara Development (UK) is part of the international development organisation known as Adara Development along with Adara Development (Australia), Adara Development (Bermuda), Adara Development (USA) and Adara Development (Uganda). Additionally, Remote Community Development and Innovation, Learning and Evaluation Nepal programme support is carried out through Adara Development (Australia)'s foreign operation in Nepal (INGO).

During the year Adara Development (UK) received $37,383 from Adara Development (Australia) and transferred $148,299 to Adara Development (Uganda) and $19,814 to Adara Development (Australia) to fund project expenses.

Adara Development (UK) is managed and administered by Adara Development (Australia) – a registered not-for-profit entity in Australia. The company in its capacity as manager and administrator determines the projects in respect of which Adara Development (UK) is involved.

8. Subsequent events

In the interval between the end of the financial year and the date of this report, no transaction or event of a material or unusual nature likely to significantly affect the operations of the entity or the state of affairs of the entity in future years occurred.

9. Commitments

During the year, Adara Development entered into, or was obligated by, certain agreements with NonGovernment Organisations (“NGOs”) in Nepal and Uganda. Although partial funding for these commitments will be provided by Adara Development (UK), no individual entity within Adara Development is responsible for the committed payments and, therefore, the liabilities have not been recognised in these financial statements.

The amounts committed to by Adara Development are as follows:

	Funding
	committed for	Agreement	Agreement
	January -	Period	Period
`	December 2025	From	To
	USD
Kiwoko Hospital	763,406	1-Jan-25	31-Dec-27
Adara Development Nepal	870,361	25-Nov-14	Completion of project
Himalayan Children's Society (HCS)	22,793	1-Jan-23	10-Mar-25
The Himalayan Innovative Society (THIS)	4,915	1-Jan-23	10-Mar-25
Hands in Outreach Projects (HIO)	593	1-Jan-23	10-Mar-25
The Women's Foundation (WF)	1,287	1-Jan-23	10-Mar-25

Total 1,663,355

ADARA DEVELOPMENT (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024

9. Commitments (cont’d)

Adara Development reserves the right to refuse funding should any organisation fail to meet all terms and conditions as specified in the related agreements.

Funding commitments for subsequent periods are reviewed and updated on an annual basis.

Pledges have been provided by various donors, or cash is currently available, to provide sufficient funding for the commitments outlined above, extending to the end of the agreement periods.