ADARA DEVELOPMENT (UK) ANNUALREPORT AND FINANCIALSTATEMETrS 31 DECElJl8ER 2025 SOMERBYSUMrrED CHARTEREOACCOUNTANrs 30NELSON STREET LEICESTeR LEI 78A
ADARA DEVELOPMEKfiuK) DEX Charty Parttulws TNSteès' Rawrt IndepentAudltoff$Report 10-1 2 Statemeniof FinancialAcb 13-14 BaLqnceSheet 15 )teslolhe Finawial Statements 16-20
ADARA DEVELOPMENT {UKI REGISTEREDCHARITY NO: 1098152 Trustees MSA Exo1 (Chairl Mr O Stapley Ms Kvxher Ms M Vaughan Address Lev812. 117 Street The Rocks NSW 2C Auslr81i8 Auditor Scfft•sLimited CharteredAcc£)untart5 SlatutoryAuditor 30 NeL%on Strgel L¥Ke$ler LE17BA kers HSBC Bank plc eL)Queen Vidoria Street LoJKlon EC4N 4TR CommonweaNh8ank olAu8tralia 201 Sussex Street Sydney NSW2L Ccnl C15 ar8 Develcynenl IBermthJal ara DevdgFment (Austraia Adara DeVelOent IUSAI Adara DeveloFffient (Vd4) éara DevelowentlN8paD
ADARA OEVELOPMENT (UK) TRUSTEES. REPORT YEAR EP4IED31 DECEMBER 2025 Th¢ Trustees pr¢s¢nt their rekKJrt and the audited fi([ stsloments of Adara Developnnt (UK) the year •nd8d 31 December2025. The financial statements have been prepawy in 8c£tydan with tr account'ng pol set out In the notes to the pKo)unts and cornply wilh the d)arity's govemirKJ dc¢ument, 1he Charities A(a 2011 and Ac(tsJnting aTrY Reporbng by Char.. Ststement of Recommended PraCts. aFplKable lo ¢harth"es preparing their antS i) atxordance wih Ihe Finawia Reporting Stsndard applicable in the UK and Republic of Irdand pJbliSd tn Odober2019. stcm.gO¥lMlneend managmnt The Trust was eabliShed under a Deed ol Trust date(120 May 2002, as amended by a SuFplemenlary Dewj dated 3 June 2003, a sÈrAnd SUppMentary Dee(J dated 21 June 2010, 8 third Supplementary Deed dated 18 Febwary 2011, a fourth SuF¢)lementary Deed datsd 10 November 2015 and a fifth Supplernentary De¥ dated 20 Marth 2024. The Charity is administered by thè TnJstè8s as listed on page 1. Whefe there Is 8 quIrernent for new Tw$tee$, the power to appoint new Twslees is vethd in Audette Evelyn Exel. The rernaining Trusts•s acknch%leOJe recEipt ofthe appointment ofth& tTrUstee in wrilyig. Oble¢tlves and aclivitTe8 The Trust$ shall hold the Trust Fund and its inrne upon tru$l to appty it.. . fortr relel of p)verty n Ihe wcth", • lo advance ÉducatKJn anr9 in the worfd.. and • lor tho rel1 of sickness by the provisk)n ofhealthcare anywh8re in the wothl. In futhrarTh aty)vo objects tho TTust8es may. in partt(xrfar, alone or in assotron vthh otkefs (t ry)t sts & trj limrt trè qenarality ofthe Obj listed tknovel.. • instiate heatthe4rÈ prO1ts in Ihè developing w(d the aim of knprovknJ Ihe heatth ol chiljren or adults in underprivileged cornmunrti¢s. . pr¢¢ure essential dwgs ano rnedical e¢wipmentftr use in uThIerrm"l8g9d C(MLrheS • establish outreach rnedical services for remote ar•as ol the worfd • educate and traln eNh¢are workeTS toiyovide hethare serves ' promote education and initiate ¢du¢ion programm85 in the devebping worbj throLW3h sctrKJol improvement and voth.onal education 8UPPOrt • establish. support or transfer luThJs to any charitat4e trust, charitable company or other associallon or iisbtulion %thi¢h is fom)ed Itx any of the otyle¢ts ab)¥e. Adara DweloFThent IUK)'s is to.. "bridg8 the wcdds of bLk8ines8 and the vtsld of in extreme poverty. aThJ lo supp1 V(nerable ccfflmunibes wilh heath. wJu¢ation and other 8ssential seiCe5.. In applying Ihe Trust FurKJ in actordan¢fj wth their charitable Object95 the Trust8as Shall aim to achieve the missK)n statement ty.. Improving the livos of Feople In remote cornmunities ttr¥gh mtssel heattN •du¢8tion. thild protection and youth development programme$. Redudng preventatlg matemal, newbom ¢hild dgaths and inyrovo tho health aTrJ WdIbev of cornmunities.
ADARA DEVELOPMENT IUK} TRLK8TEES' REPORTICONTINUED) YEAR ENDED 31 DECEMBER 2025 Supporting Alaras teams in proving, improving. and dissemi the outcomes and appr¢xthes used to ovid8 ¢wality health, ¢<lu¢ab"on and olher seThices. Incmswig inpact of our progrwnmes by ensurirg they are infomied by innovaticffl and best w?ctirA. Exp)n6nlkqlty n1j Adara's Ynpact tfvough exlemal sharing and Irtsmal ¢xchaThJe of knowledge in our areas of expertse induding Remote CommurNty DevgWmen( Matemal, NewLKrfn aThY Child Health, and the Adara model. Providing exceptional admini$lralon, compllance. flnan¢ral. IT and legal 8ervicA% to supptst and IlItat8 the Adara Group's mission and manage and mntgale operational risk. Building brilliance, and gJPPOrt and develop our xc¥al teams. Inspiring and bring joy to existirg and ftrtwe 8Utwrtern. rais• Adar8's glob81 Fwofile. 8ThJ 8¢quire new bjnders and partners. Ensuring the long-term firkqnaal sustainabilty of Adara Developrnenl's 11¢•1 woth by being Australia's preeminent boutique Corpo1 VIsr wrth a 'panel for purp05e' model replicable in otr mart(ets and Industrles. The Trustees o)nfirTn th81 they have cc¥nplied with the duty in sects 4 of th• ch¥It Act 2011 to have due regard to ihe Charity Commi¥sK)n's 96n8r gUaa on public benefit. Ach10ments an41 pwlonnan ara Development IUKI is one of a numberof registered Foundations and Trusts under the Adar8 Devek)pmenl banner. Adara Dèvèlopment rèceivas donations through partnership ageMents, support from businesses or indNidual donors. Globally in 2025, Adara aoieved the following for families and their thkjren through oui remote communitydèvelopment and maternal, rEwbcwn d¢hild hèalth programmes. Remotscommuiw D•v•loFxn•ni IRCD believe everyone deserves aceess lo essenb.al Serv1$, no matter %there they live. &n¢ 1998. w&8 developed programmé$ that Fmprove hearth and educalK)n outcomes in remote 91c$. Now. we're 8twgthening and refining these through AdaraRemote- our holistic cornrnunity development mod81 pillars of servio delNery." educth"on, thild protec*on. youth development, heamh and o)mmunty resiller. Togeth thgy SUPPOrt people- Par'Caa1ty vKmen and chilthen- to thrNe. Our work is foojsed in ts%¢ remote geograFthies ol Nepal.. The Humla district in the Hlmalayas aThJ the region of GhyaThJfedi. BU1 on decades of partnership and deep knOedge. Adar8Rèmote strengthens systerns (1 builds paty-$(ing change is locdty led, su5tslnae and tsn$formglNe. Edu¢atl¢)n We r&move the barriw5 to qualty. Ssia 8dL10n. By partnering with a nèhsfjrk of 1S g)vemment sthods, $trengthen Ihe edu¢ab"on system aThJ uplrfl local sthoc4iro opportunitiès ford)ildren in remote areas.
ADARA DEVELOPMENT {UKI TRUSTEES'REPORTicoiffiwEDI YEAR ENDED 31 DECEMBER 2025 ¢er the past 27 years, we have delNered cornprehtrn$N8 remote edLThbon th81 ensu9 d)ildrèn. espèei81 girfs, have access to ac$ qualty education from ¥arty 1è8rning through to tertk8ry level. We expand access, improve learning outm•S. and strengthen school govemance 8TrJ system$. Our goal is t) inspi, strengthen and elevate barnTr)g acSS rèmote conNnunibes. 2025 highlights.. 1873 studet7ts enroNed in 15 Adara-supported stht)ol$. 54'h of sttJd¢nts ouoss Adar8-SUPPOrted sthoo15 are girfs. Chlld pmtectlon We 8eek to protect Chdren Ircffl traffi¢kirt9. earfy marri0 and other forrn$ of hm. c¥eating safe, enwronrnents wheFe they ¢an thrive. By improving access to educatyon 8nd keeplng ¢hiKlren- 9specialty 98- In s¢hcK)I, we aim to eliminate child traffid(ing and earty marriage in our areas of operation. We str)gtt)en cNld prolthn systems al evwy level- sthool, comrnunty and gov8mmanC This incljdes robust safeguarding measures in sthools, codgs of Condu, risk assessments and reporb'ng me¢h)isms, as well as training for teachers 8nd stsff. We also mobilise communrtie$ to uphold clldren'$ lights equip thiklran wth the confidence to advwate for their ¢)wn Safety and wellbeiThJ. 2025 higNig1ts'. 7 of Adara4upported have estsb1id thild dubs, with 74 C1 club meetings k1 in 2025. Y(xrth D•vok)pm•nt 14KÈ equip young people wrth the skills. confider8 and opwtunits"s they ne to build sustainable futures. Wtr support youtt) to access vocational and higher-educ3tion, helpiThJ them create pathway5 to meaninglul ernoyment 8nd independencE. Vve'reworking to localise highw4duc81ion 8nd employment to reduce the need for migration and trÈ8te equal opportunities in remote, W-resoUrcealea8. For th)8e whow$h to pursue stLthlEs unavailable in their local cornmunitios, we provide schcAarships to SUPPCft higher education in cyliès such as Kathmarvju. 2025 highlights.. 58% of gradLJated Adara youth are employed in the job markeL wth 63% of graduated Adara youth in Ghyangfedi and 53°k of graduated youth in Humla. Supported 45youlhsfrom Humlaand Ghyarofedi wilh TKhclarships to pursuettiary e0JCat orvocational training. 17 NOr? supported yOLth6 are ojrrently rJrking bad( in thoir Humla Ccffinwnty. In rernote regions, many people struggle to aesS even ba8ic heallh eare. We're committed to ensuring ccrnmunitis in our target areas have year-round aouss to qualty hÈ8th semces. We achieve th's through a multi-level approath..
ADARA tEVELOPMENT {UKI TRLISTEES, REPORT(CONTINUEDI YEAR ENDED 31 DECEMBER 2025 2025 f¥gNights-. 7,683 apsxjintments at fve Adar&suprrtyled healih posts. 2,265 vK4its to the Sowa RMJpa (traditic81 Tibetsn medickne pra¢tbner). 58 ts'rth3 at aUppOrted bithing centres, with 8 1LKJ% YJThNal rate. CommunSty re•ihnce We support rwnote (yjmmunlbes b)antPate, prepaforand fespond to dimatedrg8, disastsrs aTh1 crises. Nepal's mountaimu8 terrain and ¥eismi¢ octivty make It highly disaster-prone. frequent Iloods, lan¢Jslide$ and earthquakes plaang INes and liV1h0odSat risk. ¢ Ih8n 80% of paople in Napal face increasiTrJ danger frorn dim8te related hazard5, with remote, muntsinous ¢ommuThti"&s especialty Vuherae. Through disaster-risk dtion. ièsiliÈnt infrastructurè, l(M)d security and dirnats-smart )Jricutture, we help communth.es build the sknlls and systems neededto %wth$land and recoverfrom both nabjral and humarpmade hazards. We also promotè (x)mrnunty-based dimate adaptation aThJ mityation inthatyves NatI)rate wth Ixal and nat4 $tskehoKlers to infiuence poliLy at¥J strewilEn resilien sy5tem$. 2025 highlights.. 62 )usd$ refved new greenhouBes in H18. 366 p8rts.ctts rgc4v¢ng greenhwse training. 846 hoeholdS rece vegetable seeds. Partnernh1for ¢h•ngv As 11 a$ impMentIng our own projects, we WO a handlul ol extrajrdinary grassrrN)ts Nepali ¢xganisation5 who are expert8 in Iheir are8 olwork. These include.. HandJ5 in Outr•ach {HIOI helps more than 160 childrèn- mosty girls- living in poverty to go to sco)l. Adara supp(xtsthg girls, frdmilies heath and dental che¢kpUPS. pènoth"c food diStn.Jt1n and emergency supporL Adara d50 sUppts teathers at &arty learning centre in Kathrnandu. • Tho Wom•n'8 Foundallon IWFI provides legal supp¢rt to vulnwable women and childn vh) are vith"n)s of domestic violence. traffithing and sèxual abuse. An Adara-SUPP¢Jrted lawyer leads a team of expedence4J legal staff to seek juSte and protection lor huThJre(Js olw)men and girls each year. • Th Hlm•lay•n Innovatlve Society (THIS) works to redLtcethe Inciden of clikd trafficng from thedistrlct through anti-trafficking radio prcMJraThs. Adara Supports THIS to re(kn trafficking in Hl18 district through anb-lraffithng projects induding watchdog comrnittees. conferences and radio programs. . The Him•l•yan Chllthn Soclety IHCSI partnerswth the Yalbang Sthool. It'$ a model govemmentfaality wf(h osrte hostels. Adara supports the running ¢osts ol one of the hostels, wo¥Jes sthotrarships lo students in the form ol unifonns and textbooks. and fvnds the salgries of six teachers. Matemal. Newbom and Child trl•alth IMNCHI Our goal 1$ tr> rÈduc prevent3& maternal aThY newborn deaths in Uganda. We S woM"n9 to strengthen rnatom81. newbom and child heath serv8 in low-resoUr settings thngh AdaraN&vborn- our ewdencev based, higlmPaCt model of matemal and nOrn care. Built on 28 year5 of expwience, rt is designed to increase survival rates for the sKkesl and small&sl nthboms and their mothe¥s by delNering high-qu81ity healthtare and strengtt)ènlng the allh system across health facAlibeB, in thè communty, and at hom&. W• are expanding AdaraNv•A)wn across Uganda lo smve more matemal and nevknNn lives.
ADARA DEVELOPMEiif IUKI TRLETEES. REPCT (CONTINUED) YEAR ENDED 31 DECEMBER 2025 AdaraNewbcm improves suNiv81 r81es and OLrtcomes for mothers and newboms through targeted, eviderce- b8s¢d interventionslhat directly addresslhetop causes ofmortallty and moldity Spanntng Ihe fijll continuum of care, AdaraNewb)m 3upports mothers and babies from pregnancy through to thdr relum home after birth. model integrates faulty-based Ca wth community programmes. while upskilling hèalth workers. eqUIp.ng laalthes, and strengthening health systems lor sustsinable, lontem) change. Central to the rnc¥J¥l is dose parthership wth all levels of wvttnment. alongside aanCed dinlcal Irsining. leadership development, exFert mentorship and Strong govemanct. Together, these elements build th¢ skills, accountakxlty and system r6s11èn needed to improve ¢¥rè now and to redu preventable dealhs well into Iho fijturo. 2025 highlights.. 462 nthJorns received care th the Nakaseke Hospllal $peaal care baby unit ISCBUI. wlh 8 96% Survi 3,366 delweries in the Nakaseke matemity wa. C•ntr• of Excellence- Klwoko Hospital &nce 1998, we've pioneered a comprehensive model ol care lo women. newtsJm$ and chilthen alongside our partner. Kiwoko Hospital. Today the hospitsl is legniSed by Uganda's Ministry of Heath 85 8 Centrè of EXcelnCe in newbom r. Our wort wrth lQ"woko is at the heart of AdaraNknrn. As we take our work to scale and strengthèn our regional approach, Kiwoko's role wlhin the hearth landscape is ev09. IrreaSed ablity from wrrounding la¢ilth"es to daliv8r rnatemal lmd newlx)m ¢arè, Kr•nko acts as a referral f•>"lity. This me8ns Kiwoko provides higher levds of care foi more cornplex case5 Whi also modelling lthat 1$ pos$ibk in nevrtjom heamh. As sr31e AdaraNewbom, we are committed lo maintslnlng KNK*o as a Cgntre ol Excellen by supp)rting the hospital's programmes a¢ro$s the conts.nuum of care. 2025 hIgNi. 2.614 1men ¢ared In the Kkvoko Hospital maternty ward. 1.110 tots'es ajmitted to nèonatsl intsn$ive car& unrt INICUI. 89% suNvo1 rate fcf ne%thTns in the lfjwoko NICU -an Incsease frcffl 77% li 25. Hwpital to Home H05Pttg1 to Home IH2H) is our flagship follthy-up projrammg, $UFqXJltng higl$k infants and their mothers in the h05Prtal and afterthey rthjrn home Whilg babi&s are still in hosprt81, H2H stren9tt)8ns discharge processes. provKl8$ compenSive parent educats"on, supports lactathon and bro8sifeeding, and promotes cwe that en¢ourag&$ healthy brain development. Aft¥r discharge, communty health workérs ICHWS) promde regular at-home follow-up vlsts lor six months, ensuring conbnuty oftsr? for nowb)ms and their mothers. 2tr25 highlight8.' 739 infants enrdled in our Htisthl to Home prOgMe- 98% have recei at least one at-hoffle lollow- up visit. 120 commlffjrty heamh W00r5 vclunt¥ers, skilled, supervised and suN)lied.
ADARA IJEVÈLOPAIENT IIA<I TRUSTEES'REPORT{CONTIWEDI YEARENDED 31 DECEMBER 2025 Early Int•rv•ntlon- Baby Ubuntu Baby UtKJrrtu 1$ a programme ol earfy ca and support designed to improve qv81ty of life wfth moderate to s8vere neurodisabilitses and their ¢ar8givers. r( do8s thi5 by prowding emotional and practical 5UPPOrt to caregivers. Baby Ubuntu offsr$ 8 14-rnodule parent education programmg that combines kno%dge, Skills, and access to uibcal servi¢es- LxJosl"n9 their Confiden and equipping them with the knOledge and tooL4to care for their child. B8by Ubuntu $lts in Ihe Yollow-up and earfy intThntion' of AdaraNevthm. 2025 highlights". 97 new infants We ènfollèd in the Baty ubUn pwramm¢ and 54 bats'es graduated. 305 have participated in th& pr<yammè sirrA Inp&On in 2021. Adarn Youth Cornmunity Centro TheAdara Youth Communrty Centre {AYCCI suppJrt8 adolesctsnls by KrovidiThJ sexual reproduthve hgath eduGation aThJ Servi$. Young people aged 10 to24 can access lamity planning, counselling. life skillstrainiw. anten3181 caTe $erw¢es and cOmectn with heal 8ervices. The centre also provides LyJrnmurTrty i)utr¢ath, working dcgly schcols, parents and local ders. We support yowg 0p18- especially gwls- to make informed dgosion$ about iheir sexual and prodU1v hèalth Is essential to ensuring thoy 8etsss to eduG"0n, econom¢c opportUneS and ffin8naal iThJependence. now and in the ftrturfr. 2025 highlights.. 747 youth wEssed care al AYCC in 2025. 444 heath èducAtion dasses were helj foryouth. 2.195 youth reiVed heath educvJri through the AYCC. 151 new pregwlwomen enroled in the AYCC to receive antenatAI ca. crttFeal Healthcare We suprA)rt wlnerable communrbe5 in Central Ugand8, includin9 people Iwing wfth HIV, di¥bet&s. dlsabillties, 910p$y, ment21 heatth cDndilions and tubgrculosis. By supporb'ng K)k0 Hospital's HIV, diabetes and ccmmunty-based heatthcare ICBHCI program& Adara ensures these groups have acc¢ss to ¢ssenb'al Serv8. Knowwyo Shlng We t¢lieve the knrege created through our prograrns is not yours lo keep. We stnve to scale the impaLI of their prcgrarnrnes by Sharing the data, Search ConduOn8. training pad(ages and lessons learmd. We are taking our very best ideas Ènd eur trAggèSt mistskes, distilled from more than fv40 decades of rkIng in the field, and shamg them ILXOlly, natKJndly and globdty. Charity's rese ai& managed to ensure that there are suffi¢i•nt restricted and unre$th"ctÈd rèsérves to maet funding requirernents. $CC future need5 and conbngonaes in excess of available unfeslrided reserv¢s would be met wth the sUPPOrt of other rel•d ontities and the settlor. The TNSt$es congder this F)licy appropriate consid¥ring syze and natu of the Charty's aGty"vitie$.
ADARA DEVELOPMENT {UKI TRiISTEES'REPORT{CONTINUED) YEAR ENDED 31 DECEMBER 2026 At the end of thg year undgr revivw Ihe unrestrctgd reserves fund is in $Flus by USD 4,42512024.. USD 16,866) and restricted reserves fvnd by USD 54,129 (2024.. USD 17,552). Rlikmanayment The Trustees cryrthnue to 8ss•&8 thè major risks to whith the Trust is exposed and are satisfted that system8 ¥e in pl*0 b mituate exposure to thesè rists. Fknanclal revlew•nd wult8 lor the yr The total income Icf the year under review was USD 130,670 compared to USD 146,404 forlhe previous year. Ovarall. the nel increase in furnds for th¢ year was USD 24,13612024." DerJease in fvnd$ USD 28,0721. Inv•slment poli¢y The Trustees. policy is t¢ maximise InCe aThJ maintain capital Yalue8 Wtknin a Iow-risk environment. The Trusteès, invesbnenl powe¥$ afe govemed by the Trust Deed, vknich provides bhat the Trustees Shall invest Ihe fun(Js in such inves1rnents Ihe Committee shall from bme totime dired.
ADARA DEVELOPMEMT (UK TRUSTEES, REPORTICONTINUEDI YEAR ENDED 31 DECEMBER 202S Truslb•s'r•spon8lbllltle The Tre$ are sponSible lor wepaiing the TFUSt8•$'AnnLo1 Report and the finanGk41 $tstsmènts in S4rdance wth 4plicabb law arKI United lfjngd Actounting Standards (United ngdorn Generd AoedAox)wrting Praicl. The law applicable lo Charlues In England & Wales quireS thè Twsteas to prepare financ1 statgments for each fin8n¢ial year ¥thich giv8 a twe and fair vi•w ol Ihè state ol affairs of the Charty 8n< of the incomiThJ resoUrS and apICatIon of re8OUtces of Ihe Charity lu th8t year. In prgparing the finanoal statements. thg tru$l8958fy roquir8dto'. S8lect suitabl8 accounting policies and then apply them consistenty,. observe Ihe melh)ds and principlès in the Charities SORP 2019 IFRS 1021., maka judg•ments and estlrnates Ihatare re8sonable and prudent.. - stAte whether applicable 8¢(yJunting standards have been folowed sublg¢t to any rn*iiat dep8rtur•s disdosed and explained in Ihè finanaal staternent8.' prepare Ihe financi4 st8t¢monts on ts going o)ncem basis Ur15 it 1$ iw4spnJpriate to presurne that thè dty will fX>ntinuÈ in Dration. The trustee$ 8rè rÈsportsIe for keeping Proper aeo)untiny records that disclose reaf4)nable ac¢urw at any time the linancAal position of ¢harity and enable thern to ensure that Ihe finan¢pal statements comp with the Charrtias Act 2011. the Charthes IA¢¢ounls and Reports) Regulations 2CM)8 and the provisions of the t deed. They are also responsiblo for safeguarding Ihe assets of the Gharity and hence lor tthing reasonable steps forthe prevention and dete¢b'on of fraud and other irregularities. On behawolthe Trustees A. Exel Dats. 22W12Q28
ADARA DEVELOPh%NT (LK) 10 rNDEPENDENT AUDtfoR'S REPORTTO THE TRUSTEES OFADARA DEVELOPMENT(UKI YEAR ENDED 31 OECEMBER 2025 Oplnlon We have &udited the finandal slalements of Adara Development (UK) Itha 'd)arty) for lh8 year erxled 31 Demter 2025 ¢omprise the Statement of Financial Acivili&s, the Balance Sheet and notes to the finana81 ststements, inclulthng a summary of significant accountiTrJ policies. The financial reporb.ng frarnework that has been 8pplied In their preparation is applicable 18w and United Kingdorn Accounting Slandgrd$, IlUding Financial ReForting Stsndard 102 The Finoncffal Repcng Sland8rd 8ppl1¢8b in th8 UK and Republic ollreland (United Kingdom Generally AttePtedAccnl'n9 Practice). In c¥Jropinion the finarKi818tatsments' • give 8 true and fair wiew ofthe state ofthe ch¥ity'$ 81fairs as at 31 December 2025, tsf ts nMIng rescyJrce5 and aP1¢alICl (A resources. forthe year ended.. • ha¥e tepn propty wewed in aCCCthre wilh Untsd lfjng)m Generalty Actepted Ac¢oting Prth" and . have been preFored in ¥Cr{janCe th9 requirernents ofthe Charilies A¢t2011. Bul¥ foropinion We nI3cle our audit in accordance with 1ntèmab.onal Slandard5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther dgscribed in the Auditor's responsibilities for the audit ol the financial stalernents se¢tion of our r8POrt. We are independent of the charity in accordance with the elhical requirements that are relevant lo our audit ol the financial statements in the UK. including the FRC'S Ethical Stsndard, and wè havè fulfilled our other ethical r$sponsibilities in accordance wth these requirernents. We believe that the audit evKJencs we have obtained is sufficienl and ppropiiate lo providè a basis for our OFAnicA). Conclu¥ton¥ relang to golng coKern In audib.ng the financkil staternents. we have ¢onduded that the tnjstees, use of the going lCeM basi8 of ac¢¢unting in the prep8r8lion of the financial StatentS 15 8pprO"atè. Ba on the work we have perfomied, we havtr not iden'fied any matenal uncertainties rda1kn9 to events or conditr'ons that, individualty or Collectwe, may cast significantiknubt on the chaws abilty tocontinue as a going CanM for a peftod ol al st tsvelve rnonth8 from when the fmancial ststernents are authoriswj for issue. Our responsibile5 the responsibilit ol Ihe tnjstees wth res to going corrTr are desuibed in th¥ rdevanl se¢tbns of this report. Otherlnforniatlon The other inform8ti¢n ¢cxnpiises the informat incltyjgj in th? trustses. annual report, other than Ihe financial statsments and our auditorfs report ttpreon. The trustees are responsilje fcx lh8 0lh8r information contsined within the annual rerth Our opinion on the finanual statements doÉs not cover1he (rther Informaln and we do )t express any lomi ofasSurare Ih8r•on. Our responsibility is to read thè other infomiation and, in dong so. ftsKIer vthelher the other infornation is materially Innsistsnt with the financaal statemènts. or our knowledge obtained in the course of Ihe audrt or otherwse appears to bg materially misstated. 11 we identify such materi81 InSiStencieS or apparent materi81 misstatèmènis, we are required to determine whether thi$ gives rise to 8 materE81 misstatement in Ihe financaal slaternents themsslvo8. ff, based on the Work we have performed, w¥ o)ndLtde that theTe is a matenyl mwdstatement of this other informatK)n. we ale req14red to report that tht È hgve nothiTrJ to repyt in this regard.
ADARA tEbELoPlEI IUKI 11 INDEPEK)ENT AuDoR.sREF0RTTO THE TRUSTEES OFADARA DELoPl1ENT(UKl YEAR ENDED 31 DECEMBER 2025 Matter94)n ¥thlch we are requ5red to rnport by ¥x¢•pllon We have nothiTrJ to reFM)rt in rÈspect of trèa f1Ing matters in relatim to whl¢h Ihe chwiti.es (Ants and Report81 Regulations 2008 require us to reportto you if. in ouropinion". the inlonnation given in the trustees, report is inconsistent in any material respect ith the fin¢&01 stalementS', OT SLfficAent acCOting Tewrds not been kep¢ c thefinancAal statements artsnc in ageementwth the xc4)untirrfJ eth8., or we have not Teceived allthe inbrm8tion and expL9nations we requre for owauthL Resp)nslblllttes oltrt Asxpl8tns(I morefvlty In IhetNste8s' re6ponsibilities statwDenl 1 orton page 8, the trustees are resp?lIe forthe preparation of the financial statements and for being satisfied that they give a tDJe and fair VTaV. for such intem81 ¢ontrol as Ihe trustses deterrnine is necessary to enatle the preparatiC ol financAal slaternents that are free treffl matenal misstatements, whthr due to IraLkl orerror. In preparirvJ the fnancial stataments. the trustees are responsib for as8e8sing the chanty's obilty to continue 88 a going ccncem, disdosing. as appltsNe, mattérs r&latad to going concern using the going concem baws of aoUntIng Un$$ the trustees erther intend lo liquidate thè ehayty or to cease op&atk)ns, or have no listi¢ atternative but to do so. Audltorfs ro¥pon$lbllitiM forttrh• audlto1th• flnanciil •tatem¢nts have been 8ppoinled as aJ11 under secon 145 olthe Charib'es Act 2011 and report in accordan btrith the Act ar rejevant règu1alnS made or havwbg effect thereunder. ourcl>jecte$ are to obtaln reasonable as6ur3n¢e attht whèther the financ4al slatefnents &8 a arefree from rnaterial misststemenl, whelher due to fraud or error. and to issue an auditor's wort that includes our oplnlon. Reasonable assurance ss a high level of assurance but is nol a guarantee that an $udit conducted in 3ccordan¢e wth ISAS IUK) wll always deteLt a rnaterial rn1sStst&mènlvthen it exists. Misstatements ¢n aiise frorn fraud or error and are considered m8tÈrial if. indivUallY OT in the aggregate. they eould reasonably be expected to in1lue? the econwi¢ deas1o ol users taken on the b8818 oflhgse finmnaal ststements. Irregularitses, indu(Jing fraud. are instances of non-C(xnpl1an wth L9ws andregulabons. Wedesign procedLsres in line wth our SponSIbl1.¢$, outlined above. to deted rnaleiial rni53tstements in SpeCt of irregularities, induding fraud. The extent to our pr¢¢edwes are cApBb of (JetectiThJ Irregur1 induding fr8fj, L8 detsiled bslow. The risk ol not delecling a material misstment resL4hrg from ermr is (¥)nsed to L bw. The rbk of tscbng a material misstatement resulting from fraud is higher, as fraud may involve o)Ilusion. fNgery, Intentional omissions, misrepSeDtatsons, or overrhje ol intemal controL%. In the cx)nlext ofAd8ra Dèvelopment (UK), we have Tr)t entifid any laws aThl regulations other sneral comrnercAal Lvs and reguLglion$, such a$.. chareS Act 2011." Trustees kt 20C¥J." Charities Cornmisw regulth"ons'. Heath and Safety legislabon and GDPR regul8lK)ns Our understanding of the legal and regulatory framvortK applicable lo Ad8r8 Developmènt IUKI and how the tharity h8s comFlie(J with Its 93tlnS has teen obtained by enr41rriry ofm8nagement thjse charged with governance. A6 Wt of Lwr enquiries, we have dISsed policies and pdu on comFlI with laws and rwAatior6 nd whether ary InStsn tsfnon-Mp"arL? ha occurred.
ADARA DEVELOPMEKf (UK} 12 INDEPENDENT AUDITOR'S REPORT TOTHETRUSTEESOFADARA DEVELOPMENT (UK) YEAR ENDED 31 DECEMBER 2025 r urKIersd¥ oftr• tharity's poliaes aThJ proureS fraud risk hès •Th obtained through enqiMrywif rnanagement as to Ihe eontrol acts"v(ts"g$, operational systems in pla¢¢ and whfyther Ihere is knowl8dge ol any actual. 3u¥iecled OT 8Ueg8d fraud. Wtr ¢J)nsidèr that the audit team collectwety had Ihe 8t)proO8te o)mpetm capatslittt lo k1eth.ty or recognise non-comlan wth laws and regulattons, During ¢)ur audit work there were no snifiCant instances ol non-tllP11ante eTrtified. In resFonse to the wdit risks bden1ified in respect of Frreknty and frautl, we have utertaken the fdk)wng tures.. Enquiry ofmanagement, dIhOSe tharggd wth 9)voma• around actual and potenb.al lrttga"on and clains. Enquiry ofmanagement and those chargedvmh g0vem¢&I0 identify any instances ofnon-O)mplianW1ih laws and regulations. Enquiry of m8nagèmenl. s1 those tharged with &anCe to identify any subsequent events that ha cwjrred after the year end relab.ng to this finanThal y¥ar. Reiewng legal expenses during and after Ihe year end for evidence ol ncwmF4iarrE with la a1 regulations. Reviewing finan¢k91 statement dlsdosures andtesting to supporb'ng d0MltatiOn to asseSscomW pplicable laws and regulabons. Auditr'ng the risk of management overfi( of controls, Indling through tostsng ioumal entries aThJ olher adjusttnents foi apwopriateness, and evalualirs the ble$S rionale of significant transactions crtts.dè th nomial course ol business. A fvrther dewybon ol our r8sponslbileS for ts audit of the fjnandal stm&ts ts located cn the Finanrjal Repotting Council's webgte at.. ww.trc.org.uklavdttorsrsponsibilibes. This desuiptth forms part of cur audrtor8 repjrt. UB• ofour rnport This report is made solety to the thanty's trustees, as a b)ty, in accordance witr Part 4 of the Charitie$ (Accwnts ReKX)rtsl Regulatn$ 2QX)8. Our audit work h?$ be•n undertaken so that we might state to thtr tharty's trustees those matters we are required 10 stats lo them in an audit,$ rewyl 8niJ lor no Otr purtK)se. To the fullest èxtent permitted by law, we th) not ¥¢tept or assume respKJnsibility to aryone other than the charity and Ihe charty's Iru8lees as a boty, (or Lwr audit worK for tlis pOr[ or for opink)n$ we have forrned. ERB S LIMITED, Chartered A¢countsntsaThJ Ststutory AL*Jitor 30 Nelson Street Leicester LE178A Srynertjys Linited15 eli9 kn t•Sn wJdloriFI tsmjsof s8cÉkn 1212ofthe C4ftwmYisA¢t20
ADARA DEVELOPMENT 13 STATEMEfrifoF FINANCIALACTIWTIES YEAR ENDED 31 DECEMBER 2025 Unrestricted nds USD Re5tri¢ted Fur USD Totsl 20 USD Total 2024 USD In¢omo and endov•ments from: Donatlon6 & legacieB: Donations, grants and legleS 15.797 114,873 130,67LI 146.404 Totsl 15,797 114,873 130.670 146,404 . Expendltur• on: Charitable 27,829 78,296 106,125 174,354 Total 27,829 78,296 10Q125 174,354 N•t Incomellexpenditurg) bèforè ro¢c¥Jni8èd g8ln811osse8 112,0321 ,577 24,$45 (27.W Othw rocagnlsed galnsllklwI Exchang& difference 14091 14091 11221 N•t rnovornent In fund¥ 1114411 36,577 24,136 (28.072} Reconclllation of fun( Total fvnds trowjhl f0Thrd at 1 January 2025 16,8 17,552 34,418 8818n¢es ¢arried foNMrd at 31 December 2025 4,425 54,129 58,554 34,418
ADARA DEVELOPMENT (UK) 14 STATEMENT OF FINANCIALACTMTIES YEAR ENDED 31 DECEMBER 202S C4xnparatlve Statement ol Flnanclal A¢llvlth8 FOT y•ar•ndod 31 Dec•mff 2024 Unresth¢Xed Funds USD Restrirted Totsl 2024 USD USD Incomo and ond08ts from: DonatSon8 & legacl•8: Donatior6, grants 8nd leg8¢ies 40.359 1C6,C45 146.404 Totsl Expenditurg on-. Charrtable ac*iwls 38,051 136,303 174.354 Total 136303 174.354 Nèt ineomèllèxpondlturnl before other eognlsed galnsllosse6 2.308 {30,258} 127,9501 <Xher recognlsed galn8lllos¥e$l Exchange difference (1221 1122) Net mov•m•nt In funds 2,186 {30,2881 128,0721 R•¢on¢lll•tlon of funds Total ftJThJs brought forward at 1 January 2ff24 14,6eo 47,810 6249) 881c&S carried foThrnrd at 31 Decembw 2024 16,8fj6 17,552 34,418
ADARA DEVELOPMENT IUIQ 15 BALANCE SHEEr AT 31 DECEMBER 2025 2025 USD USD Current assBts Cash al bar 8j in hand 65,183 40.541 other debtor8 Total curr•nt 49ts 65,447 40,541 Current IlabllFtle¥ Cr•ditoro: amount8 falllng due wlthln one yr AcuuaLs 6.893 6,123 Totsl current liabllltles 6.893 6.123 Netassets The fw)d8 ofth• Char Restrictsj frjnds 54,129 17,552 unrestr.cted fvnds 4.426 16, Totsl Charity fund8 58,554 34.418 These c*reapprQVed on behalfoftre Trusttts on 22 April 2026 Sioned ontheir behalfty.'- A. Ex•1 The notes t pag68 16 to 20 lorm part ofthe5¢ financial statements.
ADARA DEVELOPMENT IUKI NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 DECEMBER 2025 1. Reporting Entity Adara DevetoFment lu was ujnsthuted by ts Trustees cn 20 M8y 2002, as amended by Supplementsry Deed dated 3 JÉme 2QKJ3, a second SupF4ernentary Deed d9ted 21 June 2010, a third Supplementary Deed dated 18 Fetrnjary 2011, 8 Iwth SuFpJementary Deed ¢Yat&J 10 Novgmber 2014 and a fith Supplementary Deed date<l 20 March 2024. 2. Arcgunliffjpoliclos The finanaal statemtY have bèen V•PAf8d on a going COrern basis untht the hlstCAiC81 cost ¢xnvention with rtéms rwnised at cost or transaCtn value thless otrtmse stated in the relevant notes to tlw 8tt)unts. Thè finanaal staiements have been PTep8red in 8crcdan wth the Statement of Recommèmled PractrE.' Accounb'rrfJ and Rewting by ChtS preparing their accounts in accordanc - with the Financial RepcrftiryJ Standard appIAble to the UK and RepllS ol Ireland IFRS1021 issued in October 2019 and with Ihe Finan(#al Rep(x"ThJ Standard apIcatIe in the United lfjngth)m aThJ Republic of Ireland IFRS1021 and with the Charibes 20118ThJ UK Go[91ty ACcted Accounting Pract& Thé Charity constitut8s a benefit entity as ty9fir by FRS102. The significant aca)untiwJ g)plled in the wewatTh cl Ihe finanri statements are set below. The8e p1<ye$ havè been Consistty applied tts all years kyesented lesS otreThthse stkni. 2.1 The finanaal statements and as8o&abJ fcf the year ended 31 Dmter 2025 have bgen presented in Unitèd Ststes Dollars IUSDI. The fiJncthonal ryJrrencyofAd8ra D0pment IUKI is USD and therefore the use of USD for pKe5entat)n wrptsses is 8Pmri8te. Monetary amounts in these financial 8tstements are rounded to the neère8t tlkgr. 2.2 AJI incoming ref4xKW18XptlrN0Skn1t1ncomeI we acLountsd for on a receivatrAo ba$i$, èxc8pt in so far as they a incapabk ol finan¢ral measurement. IrKorne tax rectsrable #i r81"on to donations feceNed und¢r gtft aid OT deeds of covenant 1$ rec¢pJnised at the tt.me of th& donation. Where ino)ming resou$ have related expenrte las th fundraising or CtralIncOmeI the inoMiing rt$ourS and related expendihjrè arèrnport•J gross in the Stment ofFIn#1 AdNrtttlSOFAI. 23 Donth"ons aré onty Inded in the SOFA when the Charty has uncondtional entillement to tha resouTceB. 2.4 Gr8nt$ r$bting to revenue are legS&4 in income on a systerrwi¢ basis overthe FerM)ds in which the entity recognised Ihe reL9ted costs forwhi¢hth& grantis intended to o)mpensate. 2.5 Inve8tmentin%xffie is 8¢counted a$reN&. 2.6 ResrceS expended ar8 incknded in the SlatsnI ol Final tIVItieS on an accrual basis, iUse ofany VAT which canwtbgrecovgr•d. 2.7 b"abilib"es are recognisedassocffj asthtr is aleg81i cstn1"Vg obligal'oncommTtting Ihe Charity lo pay out resources. 2.8 GoV8ManC0StsinC1UetheC05I9 Of1 pwrat)nand examinab.onofstabJtOry8Lmts,thc0sts of Trustee meetings and ofany legal advKto Trustees () g0vem8e OTconstrtubonal matter& 29 Debtys and creditors rK¥vabb I pay0$ tn one y8¥ no stat&1 intewl rate and or payable wthn one y¢or a rer at tranSaCtfi price. Any hxses arising impaimient are re¢owis8d in exp8ndriure.
ADARA DEVELOPMENT (UK) 17 NOTES TO TFE FINANCIAL STATEMEfrifs ICONTINUEDI YEAR ENDED 31 DECEMBER 2020 2.10 The FuThJ is a re9isEered Charity and thus 18 expt from faxatn on ts income and captsi gains. 2.11 Unrestrktied funds are th08e th availabl• lor use, at the th$cr1 ofthe Tse5, In furtherartt th& ganeral obJ'ecves of the Charity. Resthcted fvjnds 8re Ihose Ihal are to be used in acrarre with speafic restricb'orts imposed ty don¢YS or 1) have teen iaised by the Charity ft)r Parb¢13r purposes. 2.12 The finawa $ts16Ynen¢s have been pPar&I on a gDing ts)n¢em basi£ as th8 ChaTty bdieves that no materlal unrtaIntieS exist. Charity h85 nsIred the ol fijnds held and Ihe expe¢led level of •rOrne a1 expenditure for 12 montrts from aulhorising these finanLial statwntrnts. The budgeted itxom and èxnditura arè SLrffic4ent wilh the level ol reserves for Ch¥ty to o)ntinue as a gc*ng concern. 2.13 Cash and cash equNalents ine depostts held at call with banks. 3. Chorf14ty1•a¢Wvllles 2025 uso USD Grants Paid 68nk charge$ Project related costs G0Veman costs- Audit 59.C&J 148,299 118 19,814 6,123 174,354 Totsl Chartlable activiti0s 106,126 Grants paid indude the frjllowing significant items.. Pur Cornmunty-bas matemal, newborn. chlld health and ywlh community ¢trnlr¢ programmtrs which includes AdaraNewborn, Hc6pital to home, Uganda Youth in addth.on to direct project and support staff and office operating costs in Uganda USD 52,841 Adara D•valoprn8nt IUganda} Ad8ra D&v&bpment (Ugandal A ccrfnmunity-based earfy-Intgtvenb"c prrMMe for Infants at risk ol disabilty and their caregNers (Baby Ut)unlul 46.249
ADARA DEVELOPMENT IUKI 18 NOTESTO THE FINANCIALSTATEMENTS (CONTINUED} YEAR ENDED 31 DECEMBER 2025 R•strlcted funds 1 January 2(Y25 IrmIng Resource8 Outgoing Resources 310ecèmber 2025 Maternal NevAJom Child HoaHh 17.552 17 114.8n 78.2 54.129 1 January 2024 Incy)ming Resources Ou1n9 Reseur¢e8 31 Decemter 2024 Matemal N8wbom Child Heamh Matemal Newt¥)m Child Health bJThJs 5UPF¢rtwoth lo redu preventable rnatemal, ¢ld dgaths aThJ irnprove heamh and w119 01 ¢0mmUne$ in Icw resou setbngs. & AnaPy¥i ol fi•tau•ts ts•knn funds Unrestri¢*d Funds USD Reslri¢t•d Funds USD Total Funds USD Fund balances al 31 t)ecember 2025 are represented by.. Currènt assats Current liabil'ÈS 11,318 16.8931 4.425 54,129 65,447 16.893} 58.554 54,129 Unrestiided Funds USD Reslrithd Furn1s USD Total Funds USD FLmd balarKès at 31 Dember 2024 are represented by.. Current assets Cuffent liabilities 22.989 16,1231 16,866 17,552 40,541 16,1231 34.418 17.SS2
ADARA DEVELOPMENT IUKI 19 NOTES TOTHE FIMANCIALSTATEMENTS ICONnNUED) YEAR ENDED 31 DECEMBER 202S Trtffjt. remUratIOn4nd&xpenff8S No remurwation orexpensos have been pa¢d to TnJsteesduringlh8 yaar. 7. R•lat•d partytraM•¢ti¢)n lara Developrnent IUW Is part of the intsrnab.onal deveknpynenl organtiOn kn(Y as 4Jara Develownent along wth Adar8 Development <Au51ralial, Adara Devdopmenl (Bermudal, Adara Development (USA), Adara Developrnent (Ugandal and Adty Ctvelowthtt (Nepall. On 10 March 2025. Devolopment (Awtraia) ceased its foreign INGO In N8pd. and wa5 8ub8eqLnlly réplaced by Adara Devdopmenl INep811, a Wlly in¢wrated NGO. During th¥ yar Adara Develcyment IUKI Teceivwj $12,849 from Adara Devefopmenl IstralIa) and transferred $99,OWJ to Adar8 Development IUgaThJal lo fvnd project expenses Ad8r8 Development IUK) ig Managed and administered by Ad¥ra De¥elopment IhMstralial- a registered not-for-profft enbty in AustrBlia. The o)mpany in rts capacity as manwjer and admintstratcf deteTrrine8 th? wojects in rgspectofwhic* Adara DloPMent1u1fj is invVal. 8. Sub8wuentevents In ts interval beknn the end ofthe finaal year and the date of tris rekxrt no transaction ore ofa matenal or unusual nature likely to $1gnifi¢anYy ¥tIh8 operations olthe entity orth8 statè ol affairs of the trrnlity In bjlure years occjjrred. 9. Cornmltrnents trirrfj the year, Adar8 Dev•lcpm•)t 8ntered into, OT Was OtAigat&l by. ¢gtsin agreements with Non- Govemmènt Organisations I"NGOs'l in Nep81 and Uganda. Ajthough parb'al knding for these CA)mmrtments will ba wowded byAdara Developrntnt IUKI. no individual entty wthin Adara Devebpmert is r•snsle for the ccffirnittgj paymonts and, therefr), the liatilities have been Twni8ed in these nancKal statements. The amourrtscc¥nmittedto by Adara Dwekjpmentare as follo5.. Funding eommltted for January. December 2026 Agr•oment Perlod From Agreement Peflod To USD KNvoko Hospital HimaL8yan Children's Souety IHCS) Total 1.293,231 IaTr25 1Cfj.062 1QkMar-25 31-De¢-27 31-Dec-28
ADARA DEVELOPMENT IUKI 20 NOTESTOThE FIMANCIALSTATEMENTS (CONTINUED YEAR ENDED 31 DECEMBER 2025 g. C¢thmltm•nts (cont'd Adara Devebpmenl ie8w¥es the right to refiJse ndIng s1)d any ora.0n fail to meet 811 terns 8ndcrThJiticK% 8$ in the related agreements. FundirwJ conmlknents forsubsequentperitsJ$ are updat&J orb an arnual ba*s. Pledggs have be provided by v¥iou$ donors. or cash ¢5 cuffenUy aVaIlae, to provide suffiaent funding for the cornmitments outlin¥(l above. extendiro tothe end of18)r•eMent ped$.