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← The Haller Foundation

2024-12-31-accounts

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

REGISTERED COMPANY NUMBER: 04807857 (England and Wales) REGISTERED CHARITY NUMBER: 1101725

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE HALLER FOUNDATION

Bradley Accounting Plus Ltd 41 St John Street Ashbourne Derbyshire DE6 1GP

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 21

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THE HALLER FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES Miss C Cappelini
Miss A J Doherty
Miss J Haller (resigned 31.7.24)
Miss A Jaffar
Dr J Macharia
D W Ngome
Miss I Piper
J Sandall
Mrs K L Storey
Dr R Haller Life President
REGISTERED OFFICE 71 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BG
REGISTERED COMPANY 04807857 (England and Wales)
NUMBER
REGISTERED CHARITY 1101725
NUMBER
INDEPENDENT EXAMINER Bradley Accounting Plus Ltd
41 St John Street
Ashbourne
Derbyshire
DE6 1GP

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors, who are the trustees of the charitable company for the purpose of charity law, present their annual report and financial statements of the Haller Foundation for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Articles of Association (2015), the Companies Act 2006. and charities regulations, Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

OBJECTIVES AND ACTIVITIES Purposes and aims

The objectives of The Haller Foundation are to promote sustainable development that meets the needs of the present without compromising the ability of future generations to meet their own needs by:

Principal activities

The charity's main activities are described below. All its charitable activities focus on resourceful & sustainable smallholder farming and are undertaken to further the Haller Foundations' charitable purposes for the public benefit.

Haller aligns its priorities with The Sustainable Development Goals of;

  1. No Poverty

  2. Zero Hunger

  3. Good Health and Wellbeing

  4. Quality Education

  5. Gender Equality

  6. Clean Water and Sanitation

  7. Affordable and Clean Energy

  8. Decent Work and Economic Growth

  9. Reduced Inequalities

  10. Sustainable Cities and Communities

  11. Climate Action

  12. Life of Land.

Beneficiaries of our services

Haller's beneficiaries are ultra-poor farming communities in coastal Kenya and smallholder farmers in other areas living off difficult land (defined as those who spent 80% of their income on securing food and water). The engagement process involves communities applying to Haller Kenya to participate in a partnership known as the 'Haller Journey' which involves the provision of WASH, Farming, Advanced Farmer Training, and Health & Education (detailed below). To date, 56 communities have embarked on the Haller Journey, 43 of which have achieved self-sustainability, positively impacting upwards of 60,000 people.

The Haller Kenya team closely monitors each stage of the process through monitoring, evaluation and impact assessment. THe Haller UK team then reviews it during their bi-annual diligence visits.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

Summary

The Charity provides a holistic four-stage economic development model which is sustainable and environmentally sound. The model kick-starts a fragile farming community and over a 4-year collaborative partnership, educates them to restore their soils, improve their environment and ultimately build the capacity to achieve economic resilience.

It starts with WASH : The focus is on developing the infrastructure to provide water security and sanitation. This includes a rain-fed dam, a well, and eco-loo. Within six months, during normal rainfall and seasonal weather patterns, the community will have fresh drinking water, sanitation, and suitable conditions for smallholder farming. This step alone impacts the lives of the women and children of the community. They do not need to walk for hours to collect water and instead are more likely to attend school. Better sanitation and clean water lead to a reduction in disease. Without the need to collect water on a daily basis, there is more time for farming and for the beginning of more sustainable livelihoods.

The next stage is GROW : With water security in place, the community begins a regenerative agriculture training programme. This takes place at our Farmer Training Centre and in the community of demonstration plots which they dig and farm collectively. The training is climate-smart and encompasses water conservation, soil improvement, erosion control, and terracing. Organic food production is maximized, with the potential of selling any surplus, and nutrition improves.

ADVANCED FARMER TRAINING : Once the basic farming techniques have been successfully adopted, advanced farmer training methods, such as aquaculture, are introduced, thus enhancing nutrition and boosting income possibilities. The community dig their own fishpond, which are stocked with tilapia from the charity's supplies and sweet potato vines are planted around the ponds to reduce evaporation and provide food for the fish. The community is then taught how to maintain the stocks and use the nutrient-rich water to irrigate their crops. Elected community members are given more advanced aquaculture training on the charity's aquaponics systems at the Farmer Training Centre, to take back to the community.

The training outcomes are farmers translating their training and starting their family plots, and their successes are often replicated by neighbouring smallholder farmers and self-help groups.

We introduce the Haller Farmers App at this stage of the programme (see below).

The final step is HEALTH & EDUCATION : Primary healthcare lies at the heart of the Haller Journey; farmers need to be fit to farm. Targeting preventable illness is the first element of the charity's health programme, followed closely by family planning. The Charity has a dedicated family planning service at The Haller Clinic, offering family planning workshops, education and contraception, which will be a major contributor to family welfare and livelihoods within the communities and the wider area. By addressing family planning in this way, it will relieve pressure on available land and reduce environmental destruction.

For communities that have embarked on the Haller Journey, the Charity gives a 90% subsidy for healthcare at the clinic and via the mobile clinic. The Charity offers a childhood vaccination programme, antenatal and postnatal care, and talks on nutrition, hygiene and sanitation.

In providing healthcare in the way the charity does, ensures healthy, thriving communities.

In addition to the Haller Journey...

The charity's Health Centre is located at The Nguuni Nature Sanctuary, and alongside "Haller Journey" communities, it also supports the more urban communities closer to Mombasa. This enables the centre to be almost self-funded. Since 2008, the Charity has provided treatments to over 100,000 patients, immunizing 50,000+ people.

Nguuni is also the location of the charity's Education Centre and children's library. In 2024, the library served upwards of 4,000 children from 150+ schools in the surrounding area and has had footfall in excess of 120,000 children since 2008. The Education Centre operates child-focused educational activities, mainly in the areas of IT education, environmental activities, business skills, debating and after-school clubs.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

The charity's goal is to support thousands of smallholder farmers across Africa by providing them with affordable, organic and environmentally friendly farming techniques. In 2014, the Charity launched a web-based Haller Farmers App designed to improve the lives of smallholder farmers by providing open access to farming techniques and agricultural information and releasing potential with practical ideas that are sustainable, empowering, and resourceful. In 2025, The Haller Farmers app will continue to expand its reach, becoming available in multiple new languages and enabling future partners to provide new content relevant to regions beyond Kenya.

Principle activities to fulfil charitable purposes of the charity include 1) fundraising and applying for grant funding for programmes in sub-Saharan Africa, 2) building strategy and partnerships for expanding the impact of organic farming methods, 3) continued development and improvement of mobile app services for smallholders.

Statement of public benefit

The Board of Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENT AND PERFORMANCE REVIEW OF ACTIVITIES FOR THE YEAR

The trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives, and activities remain focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

HIGHLIGHTS OF 2024

In 2024, the Charity focused on fostering community and ecological resilience in the face of multiple challenges, including lasting effects of the pandemic, rising costs of essential goods, and an unprecedented drought. Through innovative projects and strategic partnerships, the charity has continued to transform lives, enhance livelihoods, and promote sustainability across rural communities.

With the support of Guernsey Overseas Aid & Development Commission, the Community Livelihoods Programme helped over 8,000 rural community members recover from the combined challenges of the pandemic and prolonged drought. The approach was grounded in the charity's key strategic principles: improving WASH facilities, outreach healthcare, and farmer training. This infrastructure programme will provide eight eco-loos and robust hygiene education in three rapidly expanding rural communities, reducing open defecation and preventing disease outbreaks.

The charity's Education and Training initiatives also flourished, benefiting over 6,800 people. With the support of Fondation Eagle, 130 farming champions received intensive training equipping them to share sustainable agricultural practices within their communities at the charity's demonstration farm. School open days at the farm inspired 740 young learners from 16 different schools, teaching them about organic agriculture and technology. Youth health education and counselling were also introduced at the Education Centre attended by a total of 1,306 students. The programme was centred around increasing awareness and understanding the interconnectedness of health and nature and educating children in concepts related to both physical and mental health. The expansion of the Haller Farmers App and Haller's Farmer Training Manuals, now available in English and Swahili, have collected over 60 years of farming expertise in a single, comprehensive source for widespread use.

The Charity built on its educational initiatives with a new partnership with Tsavo Trust. With funding from Fondation Eagle, ICT hubs were established in two local secondary schools in the Kamungi Conservancy neighbouring the Tsavo National Park, bridging the digital divide and improving access to educational materials for 840 students. Sixty laptops, speakers, projectors, and the ARES Educational Server were installed, enhancing learning opportunities in the Kamungi area.

Through the charity's collaboration with Osiligi NGO and Eagle, teachers and students from Western Kenya participated in sustainable farming training at the Demonstration Farm, introducing the charity's approach to sustainable farming and kitchen gardens into boarding schools to enhance food security.

Furthering the charity's mission for social change, the charity partnered with the Samburu Girls Foundation to combat FGM, child marriage, and beading in rural Kenya. With Fondation Eagle's support, the collaboration expanded sanitation facilities at SGF's safe house and introduced hygiene workshops, education on menstruation, and community engagement initiatives to challenge harmful practices.

The charity's commitment to education went global. Thanks to Marr Munning & Fondation Eagle's support, the Haller Farmers app is now being white-labelled, forming the backbone of a global strategy to share expertise with like-minded organisations. In a landmark initiative, the apps reach is extending into the Indian subcontinent through a partnership with Shivia, with the aim to support over 44,000 Indian smallholder farmers with tailored digital agricultural content.

Finally, the charity celebrated its 20th anniversary, a significant milestone signalling two decades of sustainable development impact, improving the lives of thousands of smallholder farmers and restoring degraded landscapes. The occasion was marked with a special evening in London, bringing together the Haller community.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements

Recognition for the charity's work came in the form of two prestigious award nominations: Kenya's NGO Awards 2024 for Best in Education and The World Sustainable Travel and Hospitality Awards for Sustainable Education & Training. The team also showcased the Haller Farmers app at ChangeNOW in Paris, delivered a lecture on sustainable agriculture at Sherborne Girls School, and hosted the 13th Annual Golf Day Event, raising funds to support the charity's initiatives.

From local impact to global reach, 2024 was a defining year for Haller; one of resilience, growth, and meaningful transformation for smallholder communities.

Strategic Objectives (2024-2027)

In the future, the Charity hopes to form new collaborations and partnerships through a social franchising model to scale and adapt the charity's strategy beyond Kenya. The aim is to grow the reach of the charity's sustainable development model, fostering resistance and prosperity across more communities in Africa.

With this in mind, the charity has outlined new strategic objectives, encompassing three critical avenues to achieve sustainable livelihoods and thriving ecosystems:

The charity's approach is built on affordability, sustainability, and scalability, focusing on addressing immediate needs while conserving resources for the future. The charity's model, The Haller Journey, combines science and best practices to tackle the unique challenges of smallholders, supporting rural communities in achieving resilience and self-sufficiency.

The charity's flexible, community-tailored projects strengthen local economies, improve health, education, and business management, and protect the environment. Guided by the core Haller principles, the charity fosters collaboration with partners to create lasting, meaningful impact.

The Haller Farmers App

The Haller Farmers App shares 60+ years of tried and tested, regenerative & climate-smart farming expertise and puts it directly into the hands of smallholder farmers. Sharing proven agricultural knowledge based on what has been tried and tested at the Haller Training and Demonstration Farm and then implemented successfully on the ground by our communities. Promoting sustainable growth and improving local food systems, putting life back into the land and strengthening rural livelihoods.

The Haller Farmers App underwent a significant transformation in 2024, culminating in the launch of an updated version in September on both the Google Play Store & App Store. This major milestone was made possible due to the innovative wireframes provided by JP Morgan's Force for Good programme & the technical expertise of Steepsoft AI. The app now offers enhanced functionality, improved user experience, and multilingual support in English, Swahili & French.

One of the most impactful additions is the integration of content from La Maison de l'Artemisia, a global network dedicated to combating malaria through the use of the medicinal plants Artemisia annua and Artemisia afra. Together with La Maison de l'Artemisia, the charity has translated the app into French & contributed valuable insights about these plants, known for their potential to alleviate and treat malaria symptoms.

Finally, the Haller Farmers app now has potential to be white-labelled, which enables the charity to share the technology & expertise with other like-minded organisations, potentially across the globe. This has already extended the reach of the app, created for Kenyan rural smallholders, into the Indian sub-continent by enabling the charity's partner, Shivia, to develop a Shivia Farmers app, with tailored content for Indian smallholder farmers & their unique needs.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Financial position

The Charity reported a net loss for the year, before transfers and gains or losses, of £15,163 (2023 - net income of £7,876), details of which are shown in the Statement of Financial Activities on page 10.

Total income for the year amounted to £273,988 and total expenditure amounted to £289,151.

Reserves policy

The trustees aim to maintain reserves in unrestricted funds at a minimum level of £40,000 which is equivalent to at least three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to continue the UK-based administrative and operational costs in support of the various delivery objectives. The trustees also consider that, in the event of a decision to cease activities in the UK, the operations of the Haller Foundation could also be wound down within this reserve amount.

The charity's level of restricted and unrestricted reserves at the end of the reporting period was £178,433. The trustees consider that the amount of reserves above the required minimum is an appropriate level to provide the resources to optimise and scale the Haller Farmers app in partnership with like-minded organisations in Africa, with the intention of establishing a white-labelling offering to reinforce the self-sustainability of this digital innovation.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

PLANS FOR FUTURE PERIODS

In line with the charity's strategic objectives and as agreed by the Trustees, the main focuses for 2025 are:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution and governing document

The Haller Foundation was registered as a company limited by guarantee in England and Wales, incorporated at Companies House in June 2003. The company is also a registered charity with the charity commission, registered number 1101725. The Haller Foundation constituted under The Memorandum and Articles of Association for a charitable company dated 9 May 2003, last amended on 4th August 2022.

The governance of the charity is the responsibility of the Trustees. Day-to-day management during the period was by the Foundation Director, supported by the Board of Trustees as needed.

Method of appointment or election of Trustees

Trustees are nominated by the Foundation Director and/or a nominations committee and then elected by the Board, and stand for up to three years, after which they are subject to re-election. Regular reviews are held to identify any expertise gaps within the Board of Trustees, and appointments are made where required to strengthen the Board of Trustees, subject to all trustees' approval. No other person or external body is entitled to appoint any trustees of the charity. The Trustees who served during the period and after the year-end are shown on page 1.

Conflicts of interest

The Trustees are aware of conflicts and actively manage them in accordance with relevant legislation. At each board meeting, trustees are asked to confirm there are no conflict issues. This precludes any trustee from benefiting from a financial or other gain arising from any activity of the charity.

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THE HALLER FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Policies adopted for the induction and training of the Board of Trustees

New trustees meet with the Foundation Director and/or a nominations committee comprised of existing trustees. Potential incoming trustees are given the opportunity to observe a board meeting before committing to join the board. New trustees are provided with an information pack on Haller and the Charity Commission publications about the roles and responsibilities of trustees.

Remuneration policy for key management personnel

Throughout 2024, Haller's Foundation Director role was fulfilled by Chloe Ford-Welman, supported by the board of trustees. Chloe Ford-Welman is paid an annual salary for the Foundation Director role. None of the Trustees take any remuneration for their roles.

Related party relationships

The Charity has considered the disclosure requirements of the SORP for related party relationships. The trustees consider the members of the board and their close connections to be related parties of the charity. All trustees give their time voluntarily and receive no benefits from the charity. Details of related parties and transactions with them are disclosed in Notes 8 and 9.

Risk management

The trustees are responsible for identifying the major risks to which the Charity is exposed and ensuring that steps are taken to manage those risks.

Approved by order of the board of trustees on 20 May 2025 and signed on its behalf by:

Mrs K L Storey - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HALLER FOUNDATION

Independent examiner's report to the trustees of The Haller Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R Powell FCA

The Institute of Chartered Accountants in England and Wales

Bradley Accounting Plus Ltd 41 St John Street Ashbourne Derbyshire DE6 1GP

20 May 2025

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THE HALLER FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
fund
Notes
£
INCOME FROM
Donations and legacies
3
23,025
Other trading activities
4
113,265
Investment income
5
2,333
Total
138,623
EXPENDITURE ON
Raising funds
52,298
Charitable activities
6
Education
-
Health & community
-
Waters, Dams and Wells
-
Farming and Terracing
-
Sustainability (incl. Haller App)
-
Administration and Support
103,634
Total
155,932
Net gains on investments
10,753
NET INCOME/(EXPENDITURE)
(6,556)
Transfers between funds
16
(6,220)
Net movement in funds
(12,776)
RECONCILIATION OF FUNDS
Total funds brought forward
176,024
TOTAL FUNDS CARRIED FORWARD
163,248		 Restricted
funds
£
135,365
-
-
135,365
3,776
22,981
4,530
59,914
3,729
34,245
4,044
133,219
-
2,146
6,220
8,366
6,819
15,185		 2024
Total
funds
£
158,390
113,265
2,333
273,988
56,074
22,981
4,530
59,914
3,729
34,245
107,678
289,151
10,753
(4,410)
-
(4,410)
182,843
178,433		 2023
Total
funds
£
146,426
64,192
1,932
212,550
26,895
4,364
3,396
13,810
29,808
46,975
79,426
204,674
1,469
9,345
-
9,345
173,498
182,843

The notes form part of these financial statements

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THE HALLER FOUNDATION

BALANCE SHEET 31 DECEMBER 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Investments
12
23,871
CURRENT ASSETS
Debtors: amounts falling due within one year
13
2,824
Cash at bank
138,173
140,997
CREDITORS
Amounts falling due within one year
14
(1,620)
NET CURRENT ASSETS
139,377
TOTAL ASSETS LESS CURRENT
LIABILITIES
163,248
NET ASSETS
163,248
FUNDS
16
Unrestricted funds:
General fund
Restricted funds:
Education
Water, dams and wells
Farmer Field Training and Terracing
Sustainability
Monitoring & Evaluation
TOTAL FUNDS		 Restricted
funds
£
-
-
15,185
15,185
-
15,185
15,185
15,185		 2024
Total
funds
£
23,871
2,824
153,358
156,182
(1,620)
154,562
178,433
178,433
163,248
108
-
-
15,030
47
15,185
178,433		 2023
Total
funds
£
13,118
-
174,740
174,740
(5,015)
169,725
182,843
182,843
176,024
-
(1,210)
(5,010)
13,026
13
6,819
182,843

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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THE HALLER FOUNDATION

BALANCE SHEET - continued 31 DECEMBER 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2025 and were signed on its behalf by:

K L Storey - Trustee

The notes form part of these financial statements

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THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their useful economic lives on a straight line basis as follows:

Computer equipment - 3 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

The reporting currency is GBP. The Foundation operates a no loss no gains policy with regard to currency fluctuations between GBP and Kenyan Shillings. Currency fluctuation is contained within project reporting. Where there are adverse movement in the exchange rate, activities may be reduced to reflect the lower amount received on exchange. The opposite is also true. As a result, the accounts do not reflect any exchange gains or losses that may arise from delivering charitable projects in foreign currencies.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 13

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No judgements have been made in the process of applying the above accounting policies and there are no key sources of estimation uncertainty.

3. DONATIONS AND LEGACIES

Personal donations
Trusts and foundations
Corporates
Gifts in kind		 2024
£
3,781
145,364
1,545
7,700
158,390		 2023
£
6,980
78,401
21,045
40,000
146,426

£7,700 relates to three donations provided during the year. A donation by Chloe Ford Welman and Jonathan Ford of a stay at Eden House for Haller's charity auction. This was valued at £5,000. A quantity of four Tohum necklaces were donated by TOHUM Design and were valued at £300 per piece. A stay at an apartment in Venice, valued at £1,500, was donated by Chiara and Guilia Cappelini.

Key donors during the year were; Fondation Eagle Guernsey Overseas Aid & Development Horizon Line Marr Munning Vespa Capital

4. OTHER TRADING ACTIVITIES

Fundraising events
INVESTMENT INCOME
Bank interest
Dividends		 2024
£
113,265
2024
£
1,872
461
2,333		 2023
£
64,192
2023
£
1,519
413
1,932

5. INVESTMENT INCOME

continued...

Page 14

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. CHARITABLE ACTIVITIES COSTS

Education
Health & community
Waters, Dams and Wells
Farming and Terracing
Sustainability (incl. Haller App)
7.
SUPPORT COSTS
Other resources expended
Support costs, included in the above, are as follows:
Wages
Pensions
Insurance
Postage and stationery
Website & Domains
Membership Fee & Subscriptions
Travel & Meeting expenses
Bank charges
Recruitment
Marketing & Communication
Office Running costs
Freelance contractors
Misc expenses
Staff Training
Gift in Kind expenses
Trustee expenses
Independent Examiner's fee
Other governance costs		 Governance
Other
costs
£
£
104,189
3,489
2024
Other
resources
expended
£
39,666
1,190
965
852
1,439
557
10,198
267
-
749
1,148
38,699
-
121
7,700
638
3,420
69
107,678		 Direct
Costs
£
22,981
4,530
59,914
3,729
34,245
125,399
Totals
£
107,678
2023
Total
activities
£
35,555
879
947
250
11,632
407
9,413
208
84
160
1,288
16,377
212
-
-
-
1,560
48
79,020

continued...

Page 15

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8. TRUSTEES' REMUNERATION AND BENEFITS

No Trustee received any remuneration or payment for services rendered to the charity for the year ended 31 December 2024 (2023 - the same).

Trustees' expenses

Trustee expenses were recorded in the year as £638 for out of pocket expenses (2023 - no expenses were claimed). No other payments were made to trustees or their close connections (2023 - the same).

9. STAFF COSTS AND NUMBERS

Salary costs
Wages
Employers pension
Consultancy costs
Freelance contractors		 2024
£
39,666
1,190
40,856
42,268
83,124		 2023
£
35,555
879
36,434
19,829
56,263
During the year, the charity had 1 salaried employee and 8 consulting staff (head count) (2023 -
employee and 10 consulting staff)..
Remuneration for key management personnel amounted to £40,856 during the year (2023 - £36,434).
No employee earned more than £60,000, including benefits, during the year (2023 - the same).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME FROM
Donations and legacies
78,024
68,402
Other trading activities
64,192
-
Investment income
1,932
-
Total
144,148
68,402
EXPENDITURE ON
Raising funds
26,895
-
Charitable activities
Education
-
4,364
Health & community
-
3,396
Waters, Dams and Wells
-
13,810
Farming and Terracing
-
29,808
Sustainability (incl. Haller App)
40,000
6,975
Administration and Support
76,196
3,230
Total
143,091
61,583		 1 salari
Total
funds
£
146,426
64,192
1,932
212,550
26,895
4,364
3,396
13,810
29,808
46,975
79,426
204,674

During the year, the charity had 1 salaried employee and 8 consulting staff (head count) (2023 - 1 salaried employee and 10 consulting staff)..

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 16

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Net gains on investments 1,469 - 1,469
NET INCOME 2,526 6,819 9,345
RECONCILIATION OF FUNDS
Total funds brought forward 173,498 - 173,498
TOTAL FUNDS CARRIED FORWARD 176,024 6,819 182,843
11. TANGIBLE FIXED ASSETS
COST Fixtures
and
fittings
£
At 1 January 2024 and 31 December 2024 1,959
DEPRECIATION
At 1 January 2024 and 31 December 2024 1,959
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -
12. FIXED ASSET INVESTMENTS
MARKET VALUE Listed
investments
£
At 1 January 2024 13,118
Revaluations 10,753
At 31 December 2024 23,871
NET BOOK VALUE
At 31 December 2024 23,871
At 31 December 2023 13,118

There were no investment assets outside the UK.

continued...

Page 17

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£
Valuation in 2022 (579)
Valuation in 2023 1,469
Valuation in 2024 10,753
Cost 12,228
23,871

During 2018, the charity was gifted 850 shares in GlaxoSmithKline (GSK), which were valued at £12,228 at the start of the year. During 2022 GSK and Haleon demerged and the charity's shares were divided into 680 GSK and 850 Haleon, valued at £9,488 and £2,161 respectively. At the end of 2023 the shares were valued at £10,346 GSK and £2,772 Haleon. At the end of 2024 the shares were valued at £17,598 GSK and £6,273 Haleon.

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses		 2024
£
2,824
2024
£
-
1,620
1,620		 2023
£
-
2023
£
3,455
1,560
5,015

15. LEASING AGREEMENTS

The Charity had no operating lease commitments (2023 - the same).

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Education
Water, dams and wells
Farmer Field Training and Terracing
Sustainability
Monitoring & Evaluation
TOTAL FUNDS		 At 1.1.24
£
176,024
-
(1,210)
(5,010)
13,026
13
6,819
182,843		 Net
movement
in funds
£
(6,556)
108
-
-
2,004
34
2,146
(4,410)		 Transfers
between
funds
£
(6,220)
-
1,210
5,010
-
-
6,220
-		 At
31.12.24
£
163,248
108
-
-
15,030
47
15,185
178,433

continued...

Page 18

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Education
Health and Community
Water, dams and wells
Farmer Field Training and Terracing
Sustainability
Monitoring & Evaluation
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Water, dams and wells
Farmer Field Training and Terracing
Sustainability
Monitoring & Evaluation
TOTAL FUNDS		 Incoming
resources
£
138,623
23,089
4,530
59,914
3,729
36,249
7,854
135,365
273,988		 Resources
expended
£
(155,932)
(22,981)
(4,530)
(59,914)
(3,729)
(34,245)
(7,820)
(133,219)
(289,151)
At 1.1.23
£
173,498
-
-
-
-
-
173,498		 Gains and
Movement
losses
in funds
£
£
10,753
(6,556)
-
108
-
-
-
-
-
-
-
2,004
-
34
-
2,146
10,753
(4,410)
Net
movement
At
in funds
31.12.23
£
£
2,526
176,024
(1,210)
(1,210)
(5,010)
(5,010)
13,026
13,026
13
13
6,819
6,819
9,345
182,843

continued...

Page 19

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Education
Health and Community
Water, dams and wells
Farmer Field Training and Terracing
Sustainability
Monitoring & Evaluation
TOTAL FUNDS		 Incoming
resources
£
144,148
4,364
3,396
12,600
24,798
20,001
3,243
68,402
212,550		 Resources
expended
£
(143,091)
(4,364)
(3,396)
(13,810)
(29,808)
(6,975)
(3,230)
(61,583)
(204,674)		 Gains and
Movement
losses
in funds
£
£
1,469
2,526
-
-
-
-
-
(1,210)
-
(5,010)
-
13,026
-
13
-
6,819
1,469
9,345

Description of funds

The Haller Journey is the name ascribed to the charity's Haller Community Development Model - a 5 stage process of taking a community from bare subsistence to self sustainability. It includes the provision of water, health, farmer training, education and environmental regeneration through tree planting and terracing.

Education

This describes Haller's Youth Educational Activities. These include a Children's Community Library and Education Center providing for child centred educational activities and community outreach. It includes IT education, environmental activities, business skills, debating and after school clubs. The project started with a fund balance of £nil and £23,089 was received during the year. £22,981 has been applied to the project in the year, recording a £108 balance at the year end.

Health and Community

The charity supports communities at the Nguuni Clinic, which delivers primary health care through mobile heath-care and vaccination services. £4,530 was donated during the year and it was fully spent in the year.

Water, dams and wells

The project provides access to a clean and reliable water source in the communities, through the rain fed dams and wells and eco-sanitation facilities. The project started with a negative balance of £1,210 from an overspend in 2023. £59,914 was received during the year in support of the charity's water projects and was fully spent in the year. The overspend from 2023 has been absorbed into the General fund.

Farmer Field Training and Terracing

The project aims to train farmers physically and digitally in regenerative agriculture and eco-system restoration with the skills to be able to provide them with food for their families and to be able to grow a surplus of product which they can then sell. The project started with a negative balance of £5,010 from an overspend in 2023. £3,729 was received during the year in support of the charity's farming projects and was fully spent in the year. The overspend from 2023 has been absorbed into the General fund.

Sustainability

The projects aim to support Haller Kenya towards independence and financial sustainability. This includes further developments to the Haller Farmers app and other elements of the UK work that contributes directly to Haller Kenya's sustainability. The project started with a balance of £13,026. £36,249 was received in the year in support of the charity's work and £34,245 was spent during the year. A fund balance of £15,030 has been carried forward.

continued...

Page 20

Docusign Envelope ID: B56B1597-910E-4227-9366-6F702C7D7240Docusign Envelope ID: 11762098-3620-464D-A8CD-E2A20A818620

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. OTHER RELATED PARTY TRANSACTIONS

There were no other disclosable related party transactions (2023 - the same).

Page 21