REGISTERED COMPANY NUMBER: 05425426 (England and Wales) REGISTERED CHARITY NUMBER: 1109567 REPORT OFTHE TRUSTEES AND UNAUDrrED FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED IDE EMBER 2024 FOR HELP2READ Orcom Civva18 Limited Accountant8 50 Seymour Street LA)ndon WIH 7JG HELP2READ cO￿￿s OF THE FINANCL4L STATEmETr￿S FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees I to 3 Independent ExgJtiiner'8 Report Statement of Financial Activitie8 Balance Sheet 6 to 7 Notes to the Financi81 Statement8 8 ts 13 Detailed Statement of Financial Activities 14 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The tru8tee8 who are also directors of the charity for the purp08e8 of the Companie8 Act 2006, present tbeir report with the financial statements of the charity for the year ended 31 December 2024. The trustee8 have adopted the provi8ion8 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie8 prep￿ill￿ their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Repub]ic of Ireland IFIL8 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Public benefit The Charity's n￿1n objective and principal activity 18 the promotion of literacy in South Africa to cbildren from diBadvantaged backgrounds. This work is carried out by help2read NPC in &)uth Africa uti]ising funds rai8ed by help2read in UK a8 well as I(￿ally. Publie benefit Our charity exi8t8 to advanrE educAtion by providing literaey 8UPPOrt to children in under8emd Ix)mmunitie8 acr088 Africa. We offer free acce88 to reading materials, literacy workshops, one-on-one tutoring to help individuals develop es8ential reading and writing skills. By improving ]iteracy, we empower people to ac(￿&8 better educational and economic opportunitie8, participate more fully in their communitie8, 8lld break the cycle of poverty. Our work 18 guided by the belief that literacy is a fundamental human right and a powerful tool for personal and 80cietal transformation. ACHIEVEMENT3 AND PERFORMANCE Charitable activities Help2read provides ￿ndIng to help2read NPC in &)uth Africa (help2read NPC) which enable8 reading hejp and litetacy 8kills training to South African primary 8ch(K)I children using trained community volunteer8 and youth literacy tutors. Help2read NPC motivate the literate adult population to pa88 on their 8kill8 to the next generation. Help2read NPC a180 a88i8t with the provision of a year-long profe88ional devel¢)pment and work experience programme to young people up to the age of 25 who are trained and deployed in township 8ch(Kil8 a8 literacy tutor8. Help2read'8 prograrllme is premi8ed on the fact that a cbild who cannot read cannot learn. The ability to read ha8 a direct impact on the acquisition of language 8kill8 and is e88ential for academic achievement. Without the ability to read, children cannot progre88 to realise their potentiaL Help2read, by providing the necessary funding. e)npowers help2read NPC who can intervene at the earliest possible stage of reading acti￿tY, typically in Grades 2 to 4. to ensure that primary schcx)I children can benefit from their 8cho¥Jl edu(>Ation. Our wion is that all children should leave primary pknol literate and enjoying reading. Literacy at the primary 8chool level is the most CO8t-effective investment in the fight against poverty. IAter&cy leads to better health and nutrition, help8 individuals be better citizens and, to earn a better Incon￿ On￿ they 8tart work, creates a more fair society and 8trengLhen8 demiKracy by encouraging civic partnership. It 18 2180 a long term investment because a literate learner will grow up to be a literate adult who will give their own children a jump start in life. Page I REPORf OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 NANc￿L RE￿Ew Principal fi￿dIng sources The primary funding 80urce8 for help2read in the UK are from coryorate tru8t8, foundations and individua18 Committed to supporting developrnent in South Africa. Many of the8e make their annual donation via The Big Give Chri8tma8 Challenge which 18 our annual ￿ajor fundraiser. These funds have Supplemented fundraising efforts in South Africa and have been instrumental in supporting the programme'8 expansion in South Africa. We are grateful for the continued commitment of our Tru8tee8, our long-tenn donors and the new donors whi)8e 8UPPOrt has been in8trumental in enabling u8 to reach 80 many children and communitie8 in 2024. As we approach OUT 20th anniversary in 2025 we have plan8 to celebrate the achievement8 of the charity in that time. Reserves policy During the period donations of £39,316 (2023: £64,488) including gift aid were received. After deducting all expen8e8 the deficit for the year wa8 £9.500 (2023: deficit £9,939). Monies remitted to South Africa amount to £33,000 (2023 £63.000) and these will be u8ed to fund the ongoing educational programme in South Afric& AS at the year end there were cash reSoUr￿S of £18,579 {2023: £43,117) which the tru8tee8 eon8ider sufficient to cover the running cost for 2025. Going concern The director8 are of the view that the charitable (x)mpany ha8 adequate re80urces to continue for the fore8eeable future as a re8uIt of the continued support of its director8 and regular supporter8 of the charitable ￿MpanY and considering the funds currently held. On that basi8 the assessment of the director8 18 that the charity is a going concern. STRUCTURE, GOVERNANCE AND htANAGEMENT Goverll￿g document The eharity is controlled by its governing document, a deed of tru8t, and eonstitute8 a limited company, limited by guarantee, as defined by the Companie8 Act 2006. The organi8ation is a charitable company limited by guarantee, incoryorated on IS April 2005 and registered as 8 Charity on 20 May 2005. The company was e8tablished under a Memorandum of As8ociation, which established the objects and power8 for the charitable eompany and 18 goverJJed under its Article8 of AS81￿18t10￿. Recruitment and appoIntn￿llt of new tTUStee8 The Director8 of the (x)mpany are a180 Charity TrustÉe8 for the purpose of charity law and under the (nmpany's Article8 are ]£nown a8 Members of the Management Conunittee. Under the requirement8 of the memorandum and Articles of A880ciation, the members of the Management Committee may appoint a person who is willing to act to be a director. Induction and training of new trustees There 18 no formal induction proces8. However, literature 18 made available to new trustees explaining the responsibilitie8 and duties of a trustee. All of the trustees have ¢on8iderable experience either as trustees of other charities or a8 company director8. Page 2 HELP2READ REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network Although no longer forn￿llY connected via owner8hip, day-to-day operations between help2read and help2read NPC in South Africa have changed little and help2re&d's main objective continue8 to be to raise money for the exclu8ive use of help2read NPC with the latter'8 principal activity being the promotion of literacy to children with disadvantaged background8. REFERENCE AND ADMINISTRATIVE DETAILS RegAStered Cojnpany number 05425426 (England and Wales) Registered Charity number 1109567 Registered office Oak Farm Cott&ge Mill Street Gi81ingham Suffolk IP23 &JT Mi88 E J M Franklin Miss S Gantsho (resigned 221212024) l R l)ouglas MTS A H Hemphill {re8igned 71112025) Mrs S L Constancon ltrfs A M G Pardoe {appointed 141812024) Company Secretary IDdependent Exan)iner Mark Tullett FCA Orcom Civval8 Lin]it8d Accountants SO Seymour Street EA*ndon WIH 7JG Thi8 report ha8 been prepared in accordance with the 8pecial provi8ion8 of Part 15 of the Companie8 Act 2006 relating to small coEupanies. Approved by order of the board of tru8tees on 23 Septsmber 2025 and Signed on it8 behalf by: Mi88 E J M Franklin . Trustee Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Independent examiner'5 report to the trustees of Help2Read {'the Company,) I report to the charity trustees on my examination of the ac(x)unts of the Company for the year ended 31 Deeember 2024. ResponsibAIAtAes and ba818 of report A8 the charity'8 trustee8 of the Company (and a180 it8 directors for the purposes of company law) you are respon8ible for the preparation of the accounts in accordance with the requirement8 of the Companie8 Act 2006 ('the 2006 Act). Having 8atisfied 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 exan]ination, I report in respect of my examination of your clwity'8 accounts a8 carried out under Section 145 of the Charities Act 2011 (Yhe 2011 Act). In carrying out my examination I have followed the Direction8 given by the Charity Con]n]i88ion under Section 145(5) (b) of the 2011 Act. Independent e￿n)iller,8 8taten￿llt I have cmpleted my examination. I confirm that no matter8 bave to my attention in connection with the examination giving tne cau8e to believe: accounting record8 were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those record8" or the aceounts do not comply with the accounting requirements of Seetion 396 of the 2006 Act other any requirement that the accounts give a true and fair view which 18 not a matter con8idered as part of an independent examinatio￿ or the aco)unts have not been prepared in accordance with the methods and principle8 of the Statement of Recommended Practice for aecounting and reporting by eharitie8 (applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concern8 and have come acr0&8 no other ll￿tter8 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the aeeounts to be reached. rt.A T/l.I Mark Tullett FCA Oreom Civvals Limitsd Accountants 50 Seymour Street IK)ndon WIH 7JG 23 SeptEmber 2025 Page 4 HELP2READ STATEDiIENf OF FINANCIALAcfivITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total 2023 Total fi￿aS Unre8tricted Restricted fund funds Note8 INCOME AND ENDOWMENTS FROM Donation8 and legacies 89.316 39,316 G4.488 Inve8tment incon 13 13 47 Total 39,329 39,829 64,535 EXPENDITURE ON Rai8ing fund8 15,829 10,829 11,229 Charitable activities Grants for child literacy ill South Africa 83,000 33,000 63,000 Other 245 Total 4&829 48.829 74,474 NET INCOMFJ￿e9. -Tuition for Malawi RÈlate8 to amount payable £or tuition fees in Tr8pect of children in Malawi. Significant judgen*nts and sources of estinthtion uncertainty In preparing the annual financial 8tatement8, directA)r8 are required to make judgements, e8timates and a88umption8 that affect the amounts repre8ented in the annual financial 8tatements and related di8cIo8ure8. Use of available inforniation and application of judgement 18 inherent in the formation of estimates. Actual ￿sUlts in the future (x)uld differ from these e8timate8 which may be material to the annual fuwicial 8tatement8. Significant judgements include: The useful live8 alld residual value8 of variou8 fixed a88ets. Allocation8 of costs to relevant activitie8 undertake INVESTME￿￿ INCOME 2024 2023 Intere8t received 18 47 RAISING FUIWS Raising donations and legacies 2024 2023 Support C08ts 15,829 11,229 OTHER 2024 2023 Support Q)8ts 15,829 11,474 Included in support C08ts are monies expended to carry out its day to day activitie8 for the purpose of carrying out the principal activity of the charity, the promotion of literacy in South Africa tsi children from di8advantaged background. Page 9 continued... i(YrES TO THE FINANCIAL STATEMEwfs . continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no tru8tees remuneration or other benefit8 for the year ended 31 De￿rnber 2024 nor for the year ended 31 De{￿mber 2023. Trustses, expenses Tru8tse8' expen888 paid during year £nil (2023: £nil). COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unre8tricted Restricted fund8 Total fund8 Donations and legacie8 64,488 64,488 Inve8tment income 47 47 Total 64.535 64.535 EXPENDITURE ON Raising fund8 11,229 11,229 Charitable activities Grants for child literacy in South Africa 63,000 63,000 Other 245 Total 74,474 74,474 NET INCOMEI(EXPENDITURE) (9,939) (9,939) RECONCILIATION OF FUNDS Total fund8 brought forward 51.516 51.516 TOTAL FUNDS CARRIED FORWARD 41.577 41,577 Page 10 (x)ntinued... HELP2READ TiyfES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 DECEI¥IBER 2024 TANGIBLE FIXED ASSETS Computer equipment COST At l January 2024 and 31 De￿mber 2024 1,192 DEPRECJATION At l January 2024 and 31 December 2024 1,192 NET BOOK VALUE At 31 De￿Illber 2024 At 31 De￿rnber 2023 DEFfoRS: AMOUNTS FALLING DUE￿THIN ONE YEAR 2024 2023 Prepayments 15,038 CREDITORS: AMOUNIE FAILING DUE WtTHIN ONE YEAR 2024 2023 Al￿rUed expen8e8 1,540 1,540 10. m0vEF￿￿￿ IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrèstricted fimds General fund 41,577 (9,500) 82,077 TOTAL FUNDS 41￿77 (9,500) 32,077 Net movement in fund8, included in the above are a8 follow8: Incoming resource8 ReSoU￿S Movement expended in ￿ndS Unrestricted funds Genernl fund 39,829 (4&829) (9000) TOTAL FUNDS 89,829 (48,829) (9,500) Page 11 continued... HELP2READ NOTES TO THE FINANCIAL sTATETh￿NTS . continued FOR THE Y&4R ENDED 31 DECEMBER 2024 10. MOVEMENf IN FUNDS- continued Comparatives for n￿VerneDt in funds Net movement in funds At 31.12.23 At 1.1.23 UnrestrACted ￿ndS General fund 51,516 (9,939) 41.577 TOTAL FUNDS 51.516 (9,939) 41,577 Comparative net movement in funds, included in tbe above are a8 follow8: Incoming RESOU￿8 Movement re8ourees expended in funds Unrestricted fund8 General fund 64,535 (74,474) (9.939) TOTAL FUNDS 64,535 (74,474) (9,939) A current year 12 month8 and prior year 12 month8 eombined p￿itIon 18 a8 follow8: Net movement in funds At 31.12.24 At 1.1.23 Unrestricted ￿ndS General fund 51.516 (19,439) 32.077 51,516 (19,439) 32,077 A current year 12 months and prior year 12 months combined net moven]ent in fund8, included in the above are a8 follows: Incoming Resources expended ovement in fund8 Unrestricted funds General fund 103.864 (123.303) (19,439) TOTAL FUNDS 103,864 (123,303) (19,439) Page 12 continued... HELP2READ NTOTES THE FINANCIAL STATEMENTS . continued FOR THE ENDED 31 DECEMBER 2024 11. REIATED PARTYDISCLOSURKS There were no related party transactions for the year ended 31 December 2024. Page 13 DETAILED STATEMENT OF FINANcIALAcTIV￿s FOR THE YEAR ENDED 31 DECEMBER 2024 2024 20 Donation8 and legacies Donation8 89,816 64,488 Investment Income Interest received 13 47 Total Incon￿ng resources 39,329 64,535 EXPENDITURE Clwitable actxvities Grants for child literacy in South Africa 83,000 63,000 Support eosts manageD￿nt Fundrai8ing Sundries Bank charges IL958 811 60 11,229 185 60 15,829 11,474 Thtal re8ource8 expended 48,829 74,474 Net expenditure (9,500) (9,939) This page does not form part of the Statutory f￿ancial 8tatement8 Page 14