2023-12-31-accounts

Docusign Envelope ID.. B3EEEl5C-8F3￿2￿84e&D0SA65AB1E8l REGISTERED COMPANY NUMBER: 04769362 (England and Wales) REGISTERED CHARrrY IYUMBER: 1101556 Report of the Trustees and Financial Statements for the Year Ended 31 December 2023 for Afrika Tildtun UK Grant Harrod Lknnan Davis LLP Chartered Accountants Statutory Auditors 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD

th)cusign Envelope ID.. B3EEE15c4F3s42￿84c6-D05A6sA8l E61 Afrika Tikkun UK Contents of the Financi41 Statements for the year ended 31 December 2023 Page Reference and Administrative Detai15 Report of the Trustees 2 to 5 Report ofthe Independent AuditOTS 6 to 9 Statement of FiDanei*l Activities io Bal4nte Sheet Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Ststements 14 to 22

Docuslgn Envelope ID.. B3EEE15C-8F3542¥p84C&D05A65A81 E61 Afrika Tikkun UK Reference 4nd Administrative Det4ils for the year ended 31 December 2023 TRUSTEES G Lubner CEO E Beinart Chief Executive L Bergrnan Management Consultant K De Gier-Formanek CEO J A Julyan Barrister N Olsha Solicitor H W Sinclair Chartered Accountant (South Africa) COMPANY SECRETARY Stonehage Fleming Serrfices Limiled REGISTERED OFFICE I st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD REGISTERED COMPANY NUMBER 04769362 (England and Wales) REGISTERED CHARITY NUMBER 1101556 AUDtTORS Grant Harrod Leman Davis LLP Chartered Accountants Statutory Auditors I si Fli)or Healthaid House Marlborough Hill Ha￿oW Middlesex HAI IUD BANKERS Bar¢lays Bank 68 Evington Rd Leicester LE2 IHJ Chief Executive Officer Carole Day Development and Grants Coordinator Rachel Kallon Page I

Docltsign Envelope ID.. B3EEE1SC-8F3￿29&84C&DO5A6SA8fE6l Afrika Tild(un UK Report of the Trustees for the year ended 31 December 2023 The tTUSte¢s who are also directors of the charity for the purposes of lh¢ Companies Aci 2006, present their report wtth the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The primary objective of the Charity is lo provide grants to support ¢haritable initiative5, as deterniined by the Trustees, with a particular focus on the advancement of education from cradle to career, skills training, workforce development. food security, and the alleviation of poverty in South Africa. This is primarily achieved through supporting the work of Afrika Tikkun NPC. the Charity's founding entity, which has a proven track record in exe¢uting these charitable activities. Grants are awarded to Afrika Tikkun NPC due to their established infrastrncture and expertise in the targeted communities, ensuring that the financial resour¢es are effeclively utilised to meet ihe Charity's goals. The overarching aim is to transforni lives by providing access to education, improving economic opportunities. and building sustainable communities in some of South Africa's most vulnerable areas. Publir benefit In planning and executing its a¢tivities, the Trustee5 have consistently adhered to the Charity Commission's guidance on public benefit, particularly focusing on the prevention of poverty. The Trustees are deeply committed to ensuring that all resour¢es and programmes are aligned with the Charity's core objedives, with a long-tem vision of eradicating poverty and fostering self-sustaining communities in the areas ihey serve. The Trustees confirni that they have fully complied with Section 17 of the Charities Act 201 l and have followed the guidance laid out in 'Public Benefit- Running a Charity (PB2}' issued by the Charity Comrnission. In doing so. the Trustees ensure that all artivities not only meet the requirements of charitable objects but also deliver tangible, sustainable benefits to the public. Volunteers Currently, the Charity does not rely on a consistent or ongoing volunteer workforce. However. the impact of ils grants and programmes is strengthened by ihe dedicated professional teams working on the ground through Afrika Tikkun NPC, ensuring that the fund5 are efficiently managed and Programmes are effectively delivered. Page 2

Docusign Envelope ID.. B3EEE15C-8F35429644C&D05A65A81E61 Afrik4 Tikkun UK Report of the Trllslees for the year ¢nded 31 December 2023 STRATEGIC REPORT Achievement and perfornmnee Charitable activitie5 During 2023, the Charity awarded grants to Afrika Tikkun NPC to support its crilical work in reducing youth unemploymenl and transforniing township communities in South Africa. Afrika Tikkun operates five centres of excellence across the county.. four in Gauteng Province {Alexandr4 Braamfontein, Diepsloot, and Orange Fam) and one in Western Cape (Mfuleni) and a number of satellite training and implementation hubs throughout other areas of SA, and in line with the scale strategy. These centres and hubs are located An some of the most underserved areas, characterised by high poverty rates. limited InfraSt￿C￿re, high unemployment, and scarce access to fornial education. The key beneficiaries of these grants are children and young people aged 2 to 35, many of whom face significant barriers including extreme poverty, limited educational opportsjnities, unemployment, gang violence, gender-based violence (GBV), and substance abuse. Afrika Tikkun's progrdmmes aim to address these Challenges by providing ongoing, comprehensive support throu￿ a 'cradle-tO-caTeer 360 social support. approach. This model ensures that individuals are guided through different slages of their development, from early chtldhood tbrough to adulthood, ultimately becoming socially and economically empowered young adults. Programme Structure The work of Afrika Tikkun is organised into three major streams.. l. Core Programme5: These are focused on developing essential skills and capacities for children and youth through five key initiatives.. Early Childhood Development {ECD): Provides foundational education and care for children aged 2 to 6, preparing them for fornial schooling. Child and Youth Development (Ignile): Supports children from primary school through adolescence with academic support, life skills training. and extracurricular activ&ties. - Youth Accelerator Programme (Level Up).. Targets young people between the ages of 18 and 21, equipping them with workplace readiness skills. vocational training, and mentorship. - Career Development Programme (Head Start): Offers comprehensive career guidance, skills training and developrnent, work placement opportunities, and long-terni career development strategies for young adults aged 21 to 35. Alumni Programme: offers continued support and mentorship, even after the young person is employed, to ensure career progression and stability. Once in a position to "pay it forward" they in turn become mentors to the next generation of youth. 2. 360 Social Support Programmes: These services are designed to complement the core programmes by addressing broader social challenges. such as: Primary Health Care.. Provides basic health service5, ensuring children and youth are physically healthy and able to participate fully in educational and developmentsl activities. Family Supp)rt Service5- Offers counselling, family interventions. and social services aimed at stabilising home environments. Nutrition and Food Security.. Ensures that the children and famili¢s participating in the programmes have ar¢¢ss to nutritious meals. 360 Social Support & Empowernient: This initiative encompasses a range of services fo¢us¢d on holistic empowerment, including mental health support. so¢ial protection, and community outreach. 3. Scale-up Initiative: Afrika Tikkun has embarked on a strategy to expand its $u¢cessful "Cradle to Career 360 Programme,, scaling up its impact across other regions in South Africa. This initiative s¢¢ks to ensure that more children and youth across the country can benefit from Afrika Tikkun's model of development, moving towards broader systemi¢ change. Financial review Reserves policy The Charity's aim is to maintain minimal reserves. which should be sutficient to cover its expected non grant expenditure for at least 6 months. At the balance Sheet date free reserves amounted to £1,583,821 (2022 - £1,283.889). which covers this expenditure. Page 3

Do￿jS￿n Envelope ID: B3EEE15C-8F35429&84C&D05A65A81E61 Afrika Tikkun UK Report of the Trustee$ for the year ended 31 December 2023 STRATEGIC REPORT Futyre plans Future plan5 for Afrika Tikkun UK aim to continue to raise funds to support Afrika Tikkun NPC in South Africa. This will be achieved through Strengthening ¢￿￿ent partnerships, diversifying income streams. incre&8ing contributions from new long-terni donors and increasing the awareness of Afrika Tikkun UK within the UK. srRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Afrika Tikkun UK (the "Charity") is a Company limiled by guarantee and 15 governed by its Memorandum and Articles of Association dated 19 May 2003. Foundtr The founder was Afrika Tikkun NPC, a charitable company incorp)rated in South Africa. Charity constithtion The charity was fornied as a company limited by guaranlee on 19 May 2003. The Company regtstration number is 04769362. Registered with the Charity Commission - Registration Number 1101556. Method of appointment of Trustees Trustees are appointed at general meetlngs of the Charity. One third of the Trustee5 are required to retire by rotation at each Annual General Meeting of the Charity but are eligible for re*lection. No person other than a Trustee retiring by rotation may be appointed or reappointed at any general meeting unless thal person is recommended by the Trustees, or not less than fourteen days, notice has been giv¢n of the intention to propose such person as a Trustee. Org4nisAtionAI structure Material decisions of the Charity are taken by the Board of Trustees. The day to day running of the Charity is managed by the CEO, Carol¢ Day and the charity grants and development athninistrator, Rachel Kallon. The Charity has one employee. The Charity does not undertake any significant fundraising events of its own but usually assA$ts and participates in events and activities undertaken by others on the basis that the Charity is named as one of the beneficiaries of the relevant event. In the year ended 31 December 2023. virtually all of the Charity's income was derived from donations and gifts, with a small balance from ￿ndraising activities and Investment income. Induttjoll And training of new trustees The indu¢tion process for any new trustee consists of an initial meeting with the Chairnian of the board Prior to the commencement of a mentoring proces5 overseen by the chairman of the board and the charity administrator. The charity admÈnistrator oversees the day to day management and will induct the new trustee on fundraisin& grant making. role and responsibilities. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Afrika Tikkun UK for the PUTposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accowiting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a Irue and fair view of the slate of affairs of the charltable company and of the incoming resources and application of resources. including the income and expenditure. of the charitable company for thal period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP; make judgements and estimates thal are reasonable and p￿dent- prepare the financial stalements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Page 4

Docusign Envelope ID.. B3EEE15C4F3542*84C&DOSA65A81E61 Afrika Tild(un UK Report of the Tru$tees for the ye4r ended 31 December 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of ihe ¢haritable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustses are aware: there is no relevant audit inforniation of which ihe charitable companys auditor5 are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomiation and to eslablish that the auditors are aware of that inforn)ation. AUDITORS The auditors, Grant Harrod Lernian Davis LLP. will be proposed for re-appointment ai the forth¢omin8 Annual General Me¢ting. Rep)rt of the trustees incorporating a strategie report, approved by order of the board of trustees. as the company directors, on ..... and signed on the board's behalf by.. H W Sinclair- Trnstee Page 5

Do¢usign Envelope ID: B3EEE15C4F354296-84C6-D05A65A81E61 Report of the Independent Auditors to the Members of Afrik8 Tikkun IIK Opinion We hav¢ audited the financial statements of Afrika Tikkun UK (the '¢haritable company,) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, Ihe Cash Flow Statement and not¢5 to the financial statements. including a summary of significant accounting polici¢s. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a tnje and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incomtng resources and application of resources, in¢luding its income and expendlture, 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 requirement5 of the Companies Act 2006. Basis for opinion We condu¢ted our audil in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statemenls 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 eon¢ern In auditing the financial statements, we hav¢ Concluded that the trustees, use of the going ¢oncem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to ¢ontinue as a going ¢oncern for a period of at leasl twelve months from when the fmancial statemenls are authorised for issu¢. 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 trustees are responsible for the other information. The other inforniation comprises the infomiation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not ¢over the other inforniation and, except to the extent othenvis¢ explicitly staled in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise appear5 to be materially misstated. If we identify 5u¢h material inconsistencies or apparent material misstatements, we are required to d¢l¢rniine whether thi5 gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfonned, w¢ conclude that there is a material misslalement of this other information, we are required to report that fa¢t. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Aet 2006 In our opinion, based on the work undertaken in the course of the audit= the inf0m￿tIOn given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the finanrial statements. and the Report of ihe Trustees has been prepared in accordance with applicable legal requirements. Page 6

Docusign Envelope ID.. B3EEElsC4F3H2￿84c6-D05A6SA81E6l Report of the Independent Auditors to the Members of Afrika Tikkun UK Matters on Ivhich we are required to report by exception In ihe light of the knowledge and understanding of the charitable ¢ompany and its environment obtained in the course of the audit, we have not identified malerial misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been rereived from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns" or ertain disc105ures of trustees. remuneration specified by law are not made. or we have not received all the inforniation and explanations we Tequire for our audit. Res￿nSibIlItIeS of trustee5 As explained rn0￿ fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trnstees detennine is necessary to ¢n&ble the preparation of financial slatements thal are free from materiaj misstatement, whether due to frnud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable companys ability to ¢ontinue as a going concern. disclosing, as applicable, matters related to going con¢ern and using the going conceTn basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease operations. or have no realisti¢ alternative but to do so. Page 7

Docusign Envelope ID". B3EEEl5C-8F3￿2￿84c6-Do5A8SA81E8l Report of the Independent Auditors to the Members of Afrika Tikkun UK Our responsibilities for the audit of the finAncial statements Our objectives are to obtain re&8onable assurance about wheiher the ftnancial statements as a whole are free from material misststement, whether due to fraud or error, and to issue a Report of the Ind¢pendent Auditors 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. Mi5slatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the e¢onomi¢ decisions of users laken on the basis of these financial statements. The extent to which our PTocedur¢s are capable of detecting irregularities, including fraud is detailed below: We have obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industy it operates. We detemlined that the following laws and regulations were most signiflcant: FRS1021FRS102 Section IA,Companies Ath 2006, Health and Safety. We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enq￿Iries of managemenL those responsible for legal and compliance procedures and the company secretary. Our finding5 were corroborated by review of the board minutes and papers prepared by the board of dtrectors. We assessed the susceptibility of the Company's financial ststements to material misstatem¢nL including how fraud might occur. Audit procedures perfonned by the audit team included.. Obiaining an understanding of how those charged with governance considered and addressed the potential for override of ¢ontrols or other inappropriate influence over lh¢ financial reporting process. Challenging assumptions and judgements made by management in its significant accounting eslimates Identifying and testing journal entries, with a focus on entries made with unusual accounting combinations. Identifying and &8sessing the design and effectiveness of ¢ontrols managemeni has in place to prevent and detect fraud. We did nol identify any key audit matters relating to irregularities, including fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at W￿￿.f￿.0rg.Uk/auditOrS responsibilities. This description forn)s part of our Report of the Auditors. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at wwiv.fr¢.org.uklauditorsresponsibilities. This description fornis part of our Report of the Independent Auditors. Page 8

Docusign Erwelope ID.. B3EEE15C-8F3￿29￿c6-D05A6sA81E61 Report of the Independent Auditor5 lo th¢ Members of Afrika Tikkun UK Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that w¢ might slate to the ¢harAtable company's rnembers ihose matters we are required to state lo them in an audAtors' report and for no other puryose. To the fullest extent perniltted by law, we do not accept or assume responsibility to anyone other than lh¢ charitable company and the ompany's members as a body, for our audit work, for this report, or for the opinions we have fornied. Jeremy Harrod FCCA (Senior Statutory Auditor) for and on behalf of Grant Harrod Lernian Davis LLP Chartered A¢¢ountants Statutory Auditors I st Floor Healihaid House Marlborough Hill Harrow Middlesex HAI IUD Date.. Page 9

Docusign Envelope ID.. B3EEE15C4F35429644C&D05A65A81E61 Afrika Tikkun UK Statement of Financigl Activities (Incorporating an Income and Expenditure Aeeount) for the year ended 31 December 2023 2023 Total funds 2022 TotaI funds Unrestricted fund Restrithd funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2,138,439 804,970 2,943,409 2,547.665 Investment income 53,407 53,407 33.974 Total 2,191,846 804,970 2.996.816 2,581,639 EXPENDITURE ON Raising funds 1?.7.121 123.121 113.504 Charitable aetivities Charitable expenditure 1,768,793 804,970 2,573,763 2,645.643 Total 1.891,914 804.970 2,696,884 2,759,147 NET INCOME/(EXPENDITURE) 299,932 299,932 (177,508) RECONCILIATION OF FUNDS Total funds brought forward 1.283.889 1,283.889 1,461,397 TOTAL FUNDS CARIUED FORWARD 1,583.821 1,583,821 1.283,889 The notes forn] part of these financial statements Page 10

Docusign Envelope ID.. B3EEE15C4F35429&84C&D05A65A81E61 Afrika Til£kun IIK Balance Sheet 31 December 2023 2023 Total funds 2022 Total funds Unrestricted nd Restricted funds Notes CURRENT ASSETS Debtors C&8h at bank 1,458.527 132,582 1,458,527 132,582 .162,205 128,361 1.591,109 1,591.109 1,290.566 CREDITORS Amounts falling due within one year 12 (7.288) (7,288) (6,677) NET CURRENT ASSETS 1,583,821 1.583,821 1.283.889 TOTAL ASSETS LESS CURRENr LIABILITIES 1,583.821 1.583,821 1.283.889 NET ASSETS 1.583,821 1,583,821 1,283,889 FUNDS Unrestricted funds 13 1,583,821 1.283,889 TOTAL FUNDS 1.583,821 1.283.889 The fina ia statements were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: on 50845A22961B4FB... H W Sinclair- Trustee The notes fomi part of these financial statements Page 11

Do¢u5ign Envelo￿ ID.. B3EEE15C-8F35429644C&D05A65A81 E61 Afrik4 Til(kun UK Cash Flow Ststemenl ror the year ended 31 December 2023 2023 2022 Notes Cash flows from operating aelivities Cash generated from operations (49,186) {858.527) Net cash used in operating activities (49,186) (858.527) Cash flows from investing artivities Interesl received 53,407 33.974 Net cash provided by investing activities 53,407 33.974 Change in cash and eash equivalents in th¢ reporting period Cash and cash equivalents at the beginning of the reporting period 4,221 (824,553) 128,361 952,914 Cash and e#sh equivalents at the end of tbe Teporting period 132,582 128,361 The notes forni part of these finan¢ial statements Page 12

Docusign Envelope ID.. B3EEE15C4F35429644C6-D05A65A81E61 Afrika Tikkun UK Note$ to the Cash Flow Ststement for the year ended 31 Deeember 2023 RECONCJLIATION OF NET INCOMEI(EXPEIYDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net ineomel(expenditure) for the reporting period (as per the Ststement of Fin4ncial Activities) Adjustments for: Interest received Increase An debtors Increase in Creditors 299,932 (177,508) (53,407) (296.322) (33.974) (648,922) 1.877 Net cash used in oper¥tions (49.186) (858,527) ANALYSJS OF CHANGES IN NET FUNDS At 1.1.23 Cash fiow At31.12.23 Net cash Cash at bank 128.361 4,221 132,582 128,361 4,221 132,582 Total 128.361 4.221 132,582 The noles forni part of these financial statements Page 13

Docusign Envelope ID.. B3EEE15C-8F354296-84C&D05A65A81 E61 Afrika Tikklln UK Notes to the Financial Sialements for the ye4r ended 3J December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, whi¢h is a public benefit entity under FRS 102, have been p￿pared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts fftn a¢cordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Siandard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost onvention. Going concern The financial statements have been prepared on a going concern basis. The Trustees have reviewed and Considered relevant inforniation in making their assessment, in parti¢ular the expected fixed costs due to be paid by the entity over a period of time. and compared it to the general unrestricted funds held by ihe entity. The trustees have con¢luded that they can continue to adopt the going concern basis in preparing the annual report and a¢¢ounts. N#ture of income Voluntary income and donations is recognised in ihe statement of financial activities (SOFA} on a receivable basis. when the charity h&8 entitlement to the receipt, any perfonnance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Interesl on fund5 held on deposil is included when receivable and the amount can be measured reliably by the harity . this is nornially upon notification of ihe interest paid or payable by the Bank. All incorne is accounted for gross. before deducting any related fees or costs. Income recognition Income, whether from exchange or non exchange transactions. is recognised in ihe stat¢rnent of financial athivities (SOFA) on a receivable basis, when a transaction or oiher event results in an increase in the charity's assets or a reduction An its liabilities and only when the charity has legal entitlement. the income is probable and can be measured reliably. Income subject to tern￿ and conditions which musi be Met before the charity is entitled to the resources 15 not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. Recognition of liabilities and expenditure A liability. and the related expenditure. 15 recognised when a l¢gal or construclive obligation exists as a rcsuli of a past event,and when it is more likely than not that a transfer of ecoy)omir benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. Liabilities arising from future funding commitments and construclive obligations, including perforn]ance related granls, where the timing or the arnount of the future expenditure required to settle th¢ obligation are uncertain, give rise to a provision in the accounts, vAJich is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is deGreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. Thes¢ movements are charged or credited to the respective funds and activities to which the provision relates. Allo¢4ting eosts to activitie$ Direct cost5 that are specifically related to an activity are allocated to thal activity. Shared direct costs and 5UPPOrt costs are apportioned between activities. Support costs which represenl consultancy fees are allocated directly. Support costs are allocated to th¢ aclivity categories according to time spenl. the apportionment is analysed in the notes. Governan¢¢ costs compromise all ¢o$ts, involving public accountability of the charity and its compliance with regulation and good practice. Governance costs are allocated to expenditure on charitsble activities. Page 14 continued...

Docusign Envelo￿ ID.. B3EEE15C-8F35429644C&D05A85A81E61 Afrika Tikkun UK Notes to the FiDgnci21 Statements- continu¢d for the year ended 31 December 2023 ACCOIINTING POLICIES - Continued Taxation The Trustees consider that the charity satlsfies the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 for UK corporation tsx purposes. Accordingly, the Charity is potentially exempt from taxation in re5peth of income or capital gains received within categories wvered by chapter 3 part I l of the co￿ratIOn Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively on the specific charitsble objects of th¢ ¢harity and for no other purpose. Value Added Tax is not rwoverable by the charity, and is therefore included in ihe relevant costs in the Statement of Financial A¢tivities. Fund accounting Unrestricted funds are available for use at ihe dis¢retion of the trustees in furtherance of the general objective5 of the charity. Designated funds are unrestricted funds eamiarked by the TTUSt¢es for particular purposes. Restricted funds are donations subjected to reslrictions on their expenditure imposed by the donor or which the donor has specified are to be solely used for particular areas of the charity's work or when funds are rnised for a particular purpose. Further explanation of the nature and purpose of ea¢h fund is included in the notes to the finan¢ial statements. Foreign eurrencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheei date. Transactions in foreign Currencies are translated into sterling al th¢ rate of exchange ruling at the dale of transaction. Exchang¢ differences are taken into account in arriving at the operaling result. Pension costs and other post-retirement benefits The charitable company operate5 a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to th¢ Ststement of Financial Activities in the period to which they relate. Risk management The Twstees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Allocating costs to activities Direct costs that are Specifically related lo an activtty are allo¢ated to that activity. Shared direct Costs and support costs are apportioned between aclivities. Support costs whiGh represent consultancy fees are allocated directly. Support costs 8re allocated to the activity categories according to time spent. the apportionment is analysed in th¢ notes. Governance Costs compromise all costs, involving public accountability of the charity and its compliance with regulation and good practice. Governance costs are allocated to expenditure on charitable activities. Debtors Debtors are measured at their recoverable amounts at the balance sheet date. Grnnts payable Grants are provided for when approved by the trustees. Grants payable are paymenls made to Afrika Tikkun NPC in the furtherance of the charitsble objecls of the Trust. In the case of an unconditional grant offer this is a¢¢rued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expertation that they will receive the grant. Grants awarded ihat are subject to the recipient fulfilling perforniance conditions are only accrued when the recipient has been notified of the grant and any remaining un￿lfIlled condition attaching to that grant is outside of the control of the charitable company. Financial inst￿MentS Page 15 continued...

Docu6Ogn Envelope ID.. B3EEE1SC-8F3￿2g&84e&O05A85A8lEsl Afrik4 TildLun UK Notes to the Financial Statements - continued for the year ended 31 December 2023 ACCOUNTING POLICIES- continued Risk management The ¢1￿1ty only has financial instruments and liabilities of a kind that qualify as basic financial instruments which include grants payable and cash and cash equivalents. Basic financial instruments are initially recognised as transaction value and subsequently measured at their settlement value. Winding up or dissolution of tht th&rity If upon winding up or dissolution of the Charity there remain any assets, after the satj5faction of all debts and liabilitles, the assets represented by the accumulated fund shall be transf¢￿ed to some other charitable body or bodies having similar objects to the charity. SigDificance of financial ins¢Thments to the charity's posilion There are no signifi¢ant financial instruments held by the charity. DONATIONS AND LEGACIES 2023 2022 Donations Gift aid 2,936,850 6,559 2,547,665 2,943.409 2,547,665 IIYVESTMENT INCOME 2023 2022 Deposit ac¢ount interest 53,407 33,974 RAISING FUNDS Raising donations #nd legaties 2023 2022 Staff costs Consulting 37.468 85,653 16,008 97,496 123,121 113,504 CHARITABLE AcfiviTIES COSTS Support costs (see nole 6) Dir¢ct Costs Totals Charitsble expenditure 2.558.258 15,505 2,573,763 Page 16 continued...

Docusign Envelope10.' 83EEE15C-8F3￿296-84c6-DoSA65A8lE8l Afrika Tild(un UK Notes to the Financial Statements- continued for the year ended 31 December 2023 SUPPORT COSTS Governance ¢osts Finance Totals Charitsble expenditure 6,862 8,643 15,505 AUDITORS, REMUNERATION The auditors, remuneration for the year ended 31 December 2023 - £4.800 (2022 - £4,800) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remun¢Tation or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustee5' expenses paid for the year ended 31 Decernber 2023 nor for the year ended 31 December 2022. STAFF COSTS 2023 2022 Wages and S￿arleS Social security costs Other pension costs 33.333 790 3.345 16,008 37.468 16,008 The average monthly number of employees during the year was as follows.. 2023 2022 Employees No employees received emoluments in excess of £60,000. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Acfivl￿Es Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,289,388 ,258,277 2,547,665 Investment income 33.974 33,974 Total .323,362 1.258.277 2,581.639 EXPENDITURE ON Raising funds 113,504 113,504 Charitable activities Charitable expenditure 1,387.366 1,258,277 2,645,643 TotAI 1.500.870 1,258.277 2,759.147 Page 17 continued...

Docusign Envelope ID.. B3EEE15C-8F3542￿84C￿1￿5A8sA8l E61 Afrika Tikkun IIK Notes to the Finaneial Statements - ¢ontinued for the year ended 31 De¢ember 2023 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fund funds Total funds NET JNCOMEI(EXPENDITURE) (177.508) (177,508) RECONCILIATION OF FUNDS Total funds brought forward 1.461.397 1,461,397 TOTAL FUNDS CARRIED FORWARD 1,283,889 1,283,889 DEBTORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments and accrued income 1,458,527 778,770 383,435 1,458,527 1,162,205 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security and other taxes Other creditors AccNed expenses 250 1,004 214 5,820 536 321 5,820 7,288 6,677 13. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 1,283.889 299,932 1,583,821 TOTAL FUNDS 1,283,889 299,932 1,583.821 Page 18 continued...

Do¢US￿n Envelope ID.. 83EEE15C-8F354296-84C6-D05A65A81E61 Afrik4 TildLun UK Notes to the Financial Statements- continued for the year ended 31 December 2023 13. MOVEMENT IN FUNDS- eontinued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestrieted funds General fund 2,191,846 (1,891,914) 299,932 Restricted funds Agripreneurship Core - ECD/CYDIYAPtNutrition1360 Social Services Technology Transforms Lives Belron The Duke of Edinburgh International Award Initiative (DOEIA) Virtual SOBC Merchandise Capex 77.802 (77,802) 111.313 321.872 12.263 (111.313) (321.872) (12,263) 48,339 224.093 9.288 (48.339) (224,093) {9.288) 804.970 (804.970) TOTAL FUNDS 2.996.816 (2,696.884) 299,932 Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 1,461,397 (177.508) 1,283,889 TOTAL FUNDS 1,461,397 (177,508) 1,283.889 Page 19 continued..-

Oocuson Envelope ID.. B3EEEl5C4F3542￿c￿DOSA65A8lE6l Afrika Tikkun UK Notes to the Financial Statement5- continued for the year ended 31 December 2023 13. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movemenl in funds Unrestri¢ted funds General fund 1,323,362 (1,500,870) (177.508) Re8trieted fund5 Agripreneurship Core - ECDICYDIYAPINutrition1360 Social Services Technology Transforn)s Lives Sustsinable Solutions Belron Salesforce Training & Licenses The Duk¢ of Edinburgh Inlernational Award Initiative (DOEIA) KZN Relief Fund Virtual SOBC Merchandise Grow FOT Life 1,689 (1,689) 42,489 180.907 498,499 35,217 21,940 (42.489) (180,907) (498.499) (35,217) (21.940) 52,040 2.500 4,441 418,555 (52,040) (2,500) (4,441) (418.555) 1,258,277 (1,258.277) TOTAL FUNDS 2.581,639 (2,759.147) (177,508) Restrictsd funds:. All sites ECD Early Childhood Development at all sites operated by Afrikh Tikkun NPC in South Africa 369 Social Services A core aspect of Afrika Tikkun's service provision, the 360. programme provides health, social and psychosocial as5iStahce to beneficiaries. Te¢hnology Transforms Lives Technology Transfomis Lives is a programme dedicated to providing young people wtth Technology and IT skills (through accredited training) while simultaneously pairing students of this course with industry professional in a mentorship relationship. Core - ECD/CYDIYAPINutrition1360 Social Services Core Programmes.. These are focused on developing essential ski115 and capacities for children and youth through five key initiatives: Early Childhood Development (ECD)= Provides foundational education and Care for children aged 2 to 6, preparing them for fornial schooling. Child and Youth Development (Ignite): Supports children from primary school through adolescence with academic supporL life skills training, and extraCu￿1¢ular activities. Youth Accelerator Programme {Level Up): Targets young people between the ages of 18 and 21, equipping Ihem with workplace readiness skills, vocational training, and mentorship. Career Development Programme (Head Start): Offers comprehensive career guidance, skills training and development, work placemenl opportunities, and long-tern) career development strategies for young adults aged 21 to 35. Alumni Programme: offers continued support and mentorship, ev¢n after the young person is employed, to ensure career progression and stsbility. Once in a position to "pay it fonyard" they in turn become mentors to the next generation of youth. Page 20 continued..

DoC￿l9n Envelope ID.. B3EEE15C-8F3542￿84cfvDOSA65A8lE6l Afrik4 Tikkun UK Noles to the Financi81 Statements- continued for the year ended 31 December 2023 13. MOVEMENT IN FUNDS- continued Belron Core Funds Salesforce Training & Lieenses Additional licenses and training for our CRM system The Duk¢ of Edinburgh International Award Initiative (DOEIA) A programme to assist young people in developing their skills. improve their physical wellbeing. engage in community service and challenge themselves by undertaking an adventurous journey. The initiative is aimed at providing young people with equal opportunities to enable them to have every chance at success regardless of their background or socioeconomic status. KZN Relief Fund Provide relief to small business after they were flooded. Sustainable Sollltions Future sustainability of the organisation through Food Security, digitisation and Scale Virtual SOBC Merehandise Merchandis¢ provided to those who took part in the SOBC Round the World Challenge at the Afrika Tikknn entres. Grow for Life An initiative that provides ¢hildren and young people with the opportunity to get involved in the sustainable outdoor sector. l} Garden to Kindergarten (G2K) which targets young children aged 2-8 and teaches them in the outdoor classroom about the environment, plants, colours, counting and nutrition 2) Agripeneurship foruses on training young people on the whole circular agri economy, focusing on farming, supply chain management, marketing, branding, entrepreneurship and sales lo help stsrt their own agri-related business or enter into an agri-related career opportunities. Agriprtnturship Agripeneurship focuses on training young people on the whole circular agri economy, focusing on fanning. supply chain management, marketing, branding. entrepreneurship and sales to help start their own agri-related business or enter into an agri-related career opportunities. Cap¢x Capex are non-programmatic capital items I pu￿h￿leS that acquire. upgrade or mainlain physical assets. 14. RELATED PARTY DISCLOSURES During the year. fees totalling £85,953 (2022: £84,996) were payable to TAG Consultsncy UK Ltd. a company CODtrolled by the CEO. for services provided to the charity. Page 21 continued...

Do¢Ltsign Envelope ID.. B3EEE15C-8F3S42￿84c6-D0SA65A8lE6l Afrika Tikkun IIK Notes lo the Financi41 St#tements- continued for the year ended 31 December 2023 15. COMPANY LIMITED BY GUARANTEE The Company is a private company limiled by guarantee and a¢¢ordingly does not hav¢ share capital. In the evenl of the Company being wound up. the liability in respect of the guarantee is limited to £1 O per member of the Company. The Company was incorporated in England and Wales and inforniation relating to the registered office addr¢$s can be found on Page l. Page 22