ADARA DEVELOPMENT (UK) ANNUALREPORT AND FINANCIALSTATEMETr￿S 31 DECElJl8ER 2025 SOMERBYSUMrrED CHARTEREOACCOUNTANrs 30NELSON STREET LEICESTeR LEI 78A ADARA DEVELOPMEKfiuK) DEX Charty Parttulws TNSteès' Rawrt Indepen￿tAudltoff$Report 10-1 2 Statemeniof FinancialAcb 13-14 BaLqnceSheet 15 )teslolhe Finawial Statements 16-20 ADARA DEVELOPMENT {UKI REGISTEREDCHARITY NO: 1098152 Trustees MSA Exo1 (Chairl Mr O Stapley Ms Kvxher Ms M Vaughan Address Lev812. 117 Street The Rocks NSW 2C Auslr81i8 Auditor Scfft•sLimited CharteredAcc£)untart5 SlatutoryAuditor 30 NeL%on Strgel L¥Ke$ler LE17BA kers HSBC Bank plc eL)Queen Vidoria Street LoJKlon EC4N 4TR CommonweaNh8ank olAu8tralia 201 Sussex Street Sydney NSW2L Cc￿n￿l C￿1￿5 ar8 Develcynenl IBermthJal ara DevdgFment (Austraia Adara DeVelO￿ent IUSAI Adara DeveloFffient (V￿￿d4) 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 Developn*nt (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 a￿ntS i) atxordance wih Ihe Finawia Reporting Stsndard applicable in the UK and Republic of Irdand pJbliS￿d tn Odober2019. st￿c￿m.gO¥lMlnee*nd managmnt The Trust was e￿abliShed under a Deed ol Trust date(120 May 2002, as amended by a SuFplemenlary Dewj dated 3 June 2003, a sÈrAnd SUpp￿Mentary 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& t￿TrUstee in wrilyig. Oble¢tlves and aclivitTe8 The Trust￿$ shall hold the Trust Fund and its in￿rne upon tru$l to appty it.. . fortr* relel of p)verty n Ihe wcth", • lo advance ÉducatKJn an￿r9 in the worfd.. and • lor tho rel￿1 of sickness by the provisk)n ofhealthcare anywh8re in the wothl. In futhrarTh aty)vo objects tho TTust8es may. in partt(xrfar, alone or in asso￿tron vthh otkefs (￿t ry)t sts & trj limrt trè qenarality ofthe Obj￿ listed tknovel.. • instiate heatthe4rÈ prO1￿ts in Ihè developing w(￿d the aim of knprovknJ Ihe heatth ol chiljren or adults in underprivileged cornmunrti¢s. . pr¢¢ure essential dwgs ano rnedical e¢wipmentftr use in uThIerr￿m"l8g9d C(￿ML￿rheS • establish outreach rnedical services for remote ar•as ol the worfd • educate and traln ￿eNh¢are workeTS toiyovide hethare serv*es ' promote education and initiate ¢du¢*ion programm85 in the devebping worbj throLW3h sctrKJol improvement and voth.onal education 8UPPOrt • establish. support or transfer luThJs to any charitat4e trust, charitable company or other associallon or iisbtulion %thi¢h is fom)ed Itx any of the otyle¢ts ab)¥e. Adara DweloFThent IUK)'s is to.. "bridg8 the wcdds of bLk8ines8 and the vtsld of in extreme poverty. aThJ lo supp￿1 V(￿nerable ccfflmunibes wilh heath. wJu¢ation and other 8ssential se￿iCe5.. In applying Ihe Trust FurKJ in actordan¢fj wth their charitable Object￿95 the Trust8as Shall aim to achieve the missK)n statement ty.. Improving the livos of Feople In remote cornmunities ttr¥￿gh mtssel heattN •du¢8tion. thild protection and youth development programme$. 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, ¢ rÈduc* prevent3￿& maternal aThY newborn deaths in Uganda. We S￿ woM"n9 to strengthen rnatom81. newbom and child heath serv￿8 in low-resoUr￿ settings thn￿gh AdaraN&vborn- our ewdencev based, hig￿lmPaCt model of matemal and n￿Orn 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. REPC*T (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 mo￿ldity 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, lon*tem) change. Central to the rnc¥J¥l is dose parthership wth all levels of wvttnment. alongside a￿anCed 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 nth*Jorns 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 le￿gniSed by Uganda's Ministry of Heath 85 8 Centrè of EXcel￿nCe in newbom ￿r*. Our wort wrth lQ"woko is at the heart of AdaraN￿knrn. As we take our work to scale and strengthèn our regional approach, Kiwoko's role wlhin the hearth landscape is ev0￿￿9. Ir￿reaSed 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 1￿men ¢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 2￿5. Hwpital to Home H05Pttg1 to Home IH2H) is our flagship follthy-up projrammg, $UFqXJltng hig￿l$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$ comp￿￿enSive 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 prOg￿Me- 98% have recei￿ at least one at-hoffle lollow- up visit. 120 commlffjrty heamh W0￿0r5 vclunt¥ers, skilled, supervised and suN)lied. ADARA IJEVÈLOPAIENT IIAntinuÈ in D￿ration. The trustee$ 8rè rÈsportsI￿e 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 D￿emter 2025 ¢omprise the Statement of Financial Ac*ivili&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$, I￿lUding Financial ReForting Stsndard 102 The Finoncffal Repc**ng Sland8rd 8ppl1¢8b￿ in th8 UK and Republic ollreland (United Kingdom Generally AttePtedAcc￿nl'n9 Practice). In c¥Jropinion the finarKi818tatsments' • give 8 true and fair wiew ofthe state ofthe ch¥ity'$ 81fairs as at 31 December 2025, tsf ts n￿MIng rescyJrce5 and aP￿1¢alIC￿l (A resources. forthe year ended.. • ha¥e tepn propty wewed in aCCCthr￿e wilh Untsd lfjng*)m Generalty Actepted Ac¢o￿ting Prth" and . have been preFored in ¥C￿r{janCe th9 requirernents ofthe Charilies A¢t2011. Bul¥ foropinion We ￿nI3￿cle￿ 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$sponsibilities in accordance wth these requirernents. We believe that the audit evKJencs we have obtained is sufficienl and ppropiiate lo providè a basis for our OFAnicA). Conclu¥ton¥ rela￿ng to golng coKern In audib.ng the financkil staternents. we have ¢onduded that the tnjstees, use of the going l￿CeM basi8 of ac¢¢unting in the prep8r8lion of the financial State￿ntS 15 8pprO￿"atè. Ba￿ on the work we have perfomied, we havtr not iden￿'fied any matenal uncertainties rda1kn9 to events or conditr'ons that, individualty or Collectwe￿, may cast significantiknubt on the chaws abilty tocontinue as a going Can￿M for a peftod ol al ￿st tsvelve rnonth8 from when the fmancial ststernents are authoriswj for issue. Our responsibil￿e5 the responsibilit￿ ol Ihe tnjstees wth res￿￿ to going cor￿rTr are desuibed in th¥ rdevanl se¢tbns of this report. Otherlnforniatlon The other inform8ti¢n ¢cxnpiises the informat￿￿ incltyjgj in th? trustses. annual report, other than Ihe financial statsments and our auditorfs report ttpreon. The trustees are responsilje fcx lh8 0lh8r information contsined within the annual rerth Our opinion on the finanual statements doÉs not cover1he (rther Informal￿n and we do )t express any lomi ofasSurar￿e Ih8r•on. Our responsibility is to read thè other infomiation and, in dong so. ￿ftsKIer vthelher the other infornation is materially In￿nsistsnt with the financaal statemènts. or our knowledge obtained in the course of Ihe audrt or otherwse appears to bg materially misstated. 11 we identify such materi81 I￿￿nSiStencieS or apparent materi81 misstatèmènis, we are required to determine whether thi$ 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 AuD￿oR.sREF0RTTO THE TRUSTEES OFADARA DE￿LoPl1ENT(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 f￿1￿Ing matters in relatim to whl¢h Ihe chwiti.es (A￿￿nts 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 acCO￿ting 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 oltr￿t As*xpl8tns(I morefvlty In IhetNste8s' re6ponsibilities statwDenl ￿1 orton page 8, the trustees are resp?￿lI￿e 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 a￿oUntIng 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$lbllitiM forttrh• audlto1th• flnanciil •tatem¢nts have been 8ppoinled as a￿J11￿ under sec*on 145 olthe Charib'es Act 2011 and report in accordan￿ btrith the Act ar￿ rejevant règu1al￿nS made or havwbg effect thereunder. ourcl>ject￿e$ 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 $udit conducted in 3ccordan¢e wth ISAS IUK) wll always deteLt a rnaterial rn1sStst&mènlvthen it exists. Misstatements ¢*n aiise frorn fraud or error and are considered m8tÈrial if. indiv￿UallY OT in the aggregate. they eould reasonably be expected to in1lue￿? the econwi¢ deas1o￿ ol users taken on the b8818 oflhgse finmnaal ststements. Irregularitses, indu(Jing fraud. are instances of non-C(xnpl1an￿ wth L9ws andregulabons. Wedesign procedLsres in line wth our ￿SponSIbl1￿.¢$, outlined above. to deted rnaleiial rni53tstements in ￿SpeCt of irregularities, induding fraud. The extent to our pr¢¢edwes are cApBb￿ of (JetectiThJ Irregu￿r￿1 induding fr8￿fj, L8 detsiled bslow. The risk ol not delecling a material misst*ment resL4hrg from ermr is (¥)ns￿￿ed to L* bw. The rbk of tscbng a material misstatement resulting from fraud is higher, as fraud may involve o)Ilusion. fNgery, Intentional omissions, misrep￿SeDtatsons, or overrhje ol intemal controL%. In the cx)nlext ofAd8ra Dèvelopment (UK), we have Tr)t ￿entifi￿d any laws aThl regulations other s*neral comrnercAal L*vs and reguLglion$, such a$.. char￿eS 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 fram*vortK applicable lo Ad8r8 Developmènt IUKI and how the tharity h8s comFlie(J with Its ￿93t￿lnS has teen obtained by enr41rriry ofm8nagement ￿ thjse charged with governance. A6 Wt of Lwr enquiries, we have dI￿Ssed policies and p￿du￿ 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 urKIers￿d¥￿ oftr• tharity's poliaes aThJ pro￿ureS￿ fraud risk hès ￿•Th obtained through enqiMrywif* rnanagement as to Ihe eontrol acts"v(ts"g$, operational systems in pla¢¢ and whfyther Ihere is knowl8dge ol any actual. 3u¥iecled OT 8Ueg8d fraud. Wtr ¢J)nsidèr that the audit team collectwety had Ihe 8t)proO8te o)mpetm capatslittt lo k1eth.ty or recognise non-com￿lan￿ wth laws and regulattons, During ¢)ur audit work there were no s￿nifiCant instances ol non-t￿llP11ante ￿eTrtified. In resFonse to the wdit risks bden1ified in respect of Frre￿knty and frautl, we have ut*ertaken the fdk)wng t￿￿ures.. Enquiry ofmanagement, ￿dIhOSe tharggd wth 9)voma￿• around actual and potenb.al lrttga*"on and clains. Enquiry ofmanagement and those chargedvmh g0vem￿¢&I0 identify any instances ofnon-O)mplian￿W1ih laws and regulations. Enquiry of m8nagèmenl. s￿1 those tharged with &￿anCe to identify any subsequent events that ha cwjrred after the year end relab.ng to this finanThal y¥ar. Re*iewng legal expenses during and after Ihe year end for evidence ol ncwmF4iarrE with la￿ a￿1 regulations. Reviewing finan¢k91 statement dlsdosures andtesting to supporb'ng d0￿M￿ltatiOn to asseSscom￿W￿ pplicable laws and regulabons. Auditr'ng the risk of management overfi(* of controls, Ind￿ling through tostsng ioumal entries aThJ olher adjusttnents foi apwopriateness, and evalualirs the b￿l￿e$S r*ionale of significant transactions crtts.dè th nomial course ol business. A fvrther dewybon ol our r8sponslbil￿eS for ts audit of the fjnandal st*m&ts ts located cn the Finanrjal Repotting Council's webgte at.. ww.trc.org.uklavdttorsr*sponsibilibes. 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 Regulat￿n$ 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 Ot￿r 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•S￿n 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 leg￿leS 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 galnsllkl￿wI Exchang& difference 14091 14091 11221 N•t rnovornent In fund¥ 1114411 36,577 24,136 (28.072} Reconclllation of fun( Total fvnds trowjhl f0Th￿rd 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•m￿ff 2024 Unresth¢Xed Funds USD Restrirted Totsl 2024 USD USD Incomo and ond0￿￿8￿ts from: DonatSon8 & legacl•8: Donatior6, grants 8nd leg8¢ies 40.359 1C6,C45 146.404 Totsl Expenditurg on-. Charrtable ac*iwl￿s 38,051 136,303 174.354 Total 136303 174.354 Nèt ineomèllèxpondlturnl before other eognlsed galnsllosse6 2.308 {30,258} 127,9501