Charity reglstration number 1114944 (England and Wales) Company reglstratlon number 05819852 IPARTNER INDIA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 IPARTNER INDIA LEGAL AND ADMINISTRATIVE INFORMATION Tru8teo8 Ms S Mathal Ms T Shetty Ms SA Kuehne Sècretary Mrs B R Mangalore Charlty number (England and Walés) 1114944 Company numb•r 05819852 Prln¢lpal addr••• Flal 7 Mulberry Apartments CosterAvenue London N4 2LD Reglst•rod offl¢• Flat 7 Mulberry Apartments Co3terAvenue London N4 2LD Audltor DLee&Co 2nd Floor, Premier House 309 88llards Lane London N128LY Bank•rs CAF Bank PO BOX 206 Klngs Hill Wesl Mailing Kent ME19 4PY IPARTNER INDIA CONTENTS Page Trustses. r8POrt Statément of trust88s' respon8ibditie8 10 Independgnt audltoys report Statement of financial actlvtties 14 Balance sheat 15 statement of cash flow8 16 Notes to the financial ststements 17-29 IPARTNER INDIA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Iheir annual report and financial statements for the year ended 31 March 2025. The financial statements have b88n prepared in accordance with the accounting pdicies sat out in not8 1 to the nan¢lal ststements and comply with the Charity's governing document, the Companies Act 2006 and "Accountlng and Reporting by Charities.. Statement of Recommanded Practice applicable to charities praparing their accounts in accordance with the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods comm8ncing from 1 January 2019). ObJ•ctlves and actlvltle The Charity's objects with which iPartner India was set up are: To benefit tha public through the support of disadvantaged and margin8lis8d commuTri118s. We aim to move marglnallsed communltles Into the mainstream by Improving their health Indicators and Ihèlr social and economl posilion. Th8S8 objects are to b8 advanced through the promotion of the 8ffiGiency and effacliveness of charities worklng wlth such marglnallsèd communllles. IPartner Ind18 achleves thes8 objecllves In threa ways.. Wè insplre and encourage the Asian dlaspora In the UK to take an actlve part in the soclal change process in South Asia - primarily in India and Nepal 8nd help in allevialing a range of social and genetic ￿gacleS. W8 éducate donors on the root causes of poverty, disadvantaged communltles and economic deprivation, and create an environment where donors can 8pply their passion 8nd resource5 With our partners and help become part of a solutlon. We 4elect partners through a rlgorous due dlllg8nce proce88 and use clear p¥rformance metrics and m￿eStOneS to evaluate impact and overall organisational performance. Additional value is created by focuslng on capaclty bulldlng and documentation of 80clal outcomes. We creat8 relationships between our partners and donors. Small to medium size charities can develop their brands, educate donors and raise funds directly. Donors have an incre8sed choice on what lo support and more direct information on how thgir support 18 making a differ8nce, along with a large cost saving. For small unknown but credible charities, this model provides access lo a global market of donors and 8UPPOrter8, With an opkM)rtunity to communicate their achi8vem8nts to develop their profile 8nd Gredibility- There has bean no change in these during the year. Kèy obJactlv88: Slrengihén the connéctlon between the Indlan dlaspora In the UK and thelr herltage whll8 addresslng pressing challenges faced by contemporary India. Encourage strategic, Impacttul pliilanthropy by facilltatlng Conlrlbutions to vetted and credible organlsations in India. Create a platform for the Indlan dlaspora to volce thelr concems and connect wlth Instltutions In need of their support. IPARTNER INDIA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 About iPartnor Indla iP8rtner India harnesses the power of giving io fosler a more equitable and just society. As a cr￿JIble knowledge plafform, we champion evid8nc8-basgd, impactFul and sustainable philanthropy, addrgssing India's mosl pressing development challenges. With a passion for empowering gr8S8roots organisations th81 are innovative and courageous, iPartner India provides tha support and environment these changemak8rs need to grow and scale. Backed by ov8r 18 years of on-ground experience 8nd collabor8tion with Civil Society Org8nis81ions, we strive lo help marginalised communities transition to the mainstream. Our work spans six core th8matic areas- Anti-child Trafficking. Health, Wom8n and Livelihoods, Education, Vulnerable Chlldren and Cllmate Change. We Implemont and support hlgh-impact, lallor-mado projects across India. 8nsuring thal 8very initiativo b8nefils the most marginalised populalions without discfiinination. Through a rlgorous due dlligènce process, wè carefully s8lect partners based on their operational capaclty, implementation mathods, and ability to deliver, offering donors the confidence that thair eontribulions will create real, measurab18 Impact. A corn8rstone of our approach is the robust framework we have developed lo Identify, monltor, and evaluate programs, Beyond financial support, iPartner Indi8 mentors and advises grassroots organisalions, helping them Innovate. scale, and achieve greater efficlency. We bulld capacity for undèrfunded NGOS by fostering expert partnerships and offering a platform for instilutional donors. family foundations, and corpor81ions lo drive long-lerm, sustalnable change, Accountablllty is at the h8art of our work. We have Implemented Ilme-tesled systems to measure the success of grants againsl key performance. indicators, ensuring transparency and efficiency in every projocl. Over tho years, iPartner India has invested more than 10 million in proj8cis spanning 22 slates, transforming the Ilves of more than 10 mllllon people In somg of India's most underprivlleged cummunltl88. Stratgglos for achlevlng alms and obje¢llve8 Key Serv1¢?8 and Offerlng8 TaNorod Phllanthroplc Guldan¢g: Provide personallsed advice and strategic support to high-net-worth Indlvlduals and famlli98, helplng them allgn thelr glving wllh thelr values and goals. In-D8Pth Re8ear¢h and Analysl•: Conduct feasibility Studies and provide insights lo ensure informed decision-making. Immer$lve Field Exporlenco8'. Organise on-the-ground exposure through Seeing is 881ieving" tours to deep8n donor und8rstanding and engagement. Rigorous Monitorlng and Evaluation- Offer due diligence services, including tools for impact assessments and ongoing project evaluations. Educatlonal Initlatlves for Donor5.' Develop programs th8t enh8nce donor awareness about philanthropy, 80cio-economic challenges, and 8ffective giving strategies. Support for Profe8slonal Advlsers- Collaborate wllh wealth advlsors to integrate phllanthropy into financial planning. Speclallsod Servlce8: A5s151ance in èstablishln9 Tru51 Funds or Family Foundations. Comprehensive consulting services to meet uniqu6 philanthropic needs. Publlc benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the Charity should undertake. IPARTNER INDIA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlovements and performance Significanl aGtlvitios and aGhievemgnls agalnst obJ8cth/es Sn 2023-24 iP8rtner India monitored 8 projects in 11 slates with 8 partnors across seven thematic 8re8s. A lotal of 10 monitorfng vlslts were done by the team durlng the year and five donor vlsils were facilitated by the team. The veriicals on which we continued to work are Education, Anti Child TraffiGking, Vulnerable Children, Women and Livelihoods, Health and Climatè Change. This was the third year for iPartner India to host the Kamla Bh3sin Award along with Azad Foundation and the Nalional Foundation of India. Kamla Bhasin Awards is organised in memory of Kamla Bhasin, 8 well-known feminist, and activist whose body of work h8lp8d transform the thinking around feminism and patriarchy. Captured below ar8 some of the highlights of the year.. ANTI20 girls produced Iheatre perfomiances on gender inequality, using art for social charvJe. Celebrations of Chlldren's Day. Youth Day, Natlonal Glrf Chlld Day. and Women's Day strengthened collective identsly and pride. Spoclal Inltlatlv 23 staff members participated In an exposure vlslt to Prerana in Mumbai. deepening understanding of community-led rescue strategies. Team members attended the Climate Justice worksh)p, 5-day gender trainlng by Equal Communlty Foundation. and Mentsl Health & Suicide Prevention workshops. Frontline team m8mber$ strengthened skills through FCRA training and personal development courses like Seeing the Se￿. IPARTNER INDIA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A community water stslion was instdled in Sullanpur village with support from RZK Foundation. Two playgrounds upgraded wlth swings, slides, and climbers encouraged safe play and Improv8d school attenden￿. Rakshan gained visibility through a f8ature in India D8V81opment Review (IDRI and presentations at donor forums. Partner Engagement and Vlslblllty Programme and finan¢i81 reviews conducled by the Azim Premji Foundatioii strengthened project quality. Canadian donor teams visiled project sites and expressed int8rest in expansion. A UK donor showed int8nl lo link trekking groups with visits and fundraising for Rakshan. Th8 Biochar film was screaned at HCF'S Dr8affl Projgct meeting. Showcasing innovation and wom8n-led cllmate actlon. Rakshan Today Project Rakshan contlnues to stand as a shleld of hope and opportunlty In Rajasthan's most vulnerable communities. Through education, livelihoo(is, sports, digllal learning, and community mobilisalion, we are moving toward a future where every glrf is safe, evèry famlly Is reslllent. and every vlllage stands against 8xploitation. VULNERABLE CHILDREN iPartner India reached children living and working on the streets, railway stations, open areas, and temporary shelters ensurlng their rlght 10 safety, leamlng, and rehabllltatlon. Thls year, we worked wlth over 250 chlldren dally, providing safe spaces, structured learning activities, and counselling support. A major thrust was restoring access to formal educatlon: 87 out-of-8chool chlldren were enrdled In School and over 16 youth were 8nroll8d in open schooling to complete their education. We supportad youth transition to dignified livelihoods by providing vocational training to 14 young people, of whom 3 secur8d employment., sev8ral more participated In continulng gjucatlon pathways. Our mobile and community-based teams intensified idontity-SUPPOrt work, enabling 200* individuals to obtain Aadhaar and 8ssentsal docum8nls requir8d for school enrolmgnl, healthcare accgss, and entitlements. Street- thèatre and awareness drives Dn child rights reached over 10,000 people, strengthening public understanding ol child protection. Additionally, 130 individuals-lncluding childr8n, youth. volunteer8, and staff were train8d in theatre for confiden¢e-buildlng and psychosocial expression. During shelter Iransilions, we ensured smooth, trauma-8ensilive relocation for children from two hornes that wer8 dosed this year, providing emolional-wellbeing sesslons. exposure visits, and continual follow-up until every child s8tlled safely in their new environment. EDUCATION IPartner India contlnued to expand ils work wlth adolescent girls and flrst-generatlon learners by slrengthening academic support. leadership building, and pathways lo higher education and employability. Through structured educallon programmes across multiple chapters, 205 ado18srEnt girts received menloring, academic guldance, and life-skills training. Over 100 sessions ware conducted on ()mploy8bility. digital li19racy. emotional intelligence, career planning. flnancial literacy, and reproductive health. In total. 1,000+ glrfs were trained across diverse themes of leadership, civic engagement, women's rights, and digital skills. At the school level, significant learning outcomes were achieved: students participated in nationa￿leVel preparatory programmes. and a serles of academlc enrichm8nt Initiatives strengthened competencl85 In ethics. deasion- making, personal safety, and vpjue education. This included a financial-ItLep¢y programme for 55 sludenls, an adolescent safety and self-awarenes8 programme for 158 students. and value-education sessions for 177 middle- school children. Across the year, learners piDgressed lo higher education, jok>readiness training, competilive-exam preparatlon, and leadershlp-building actlvities-showcasing a clear pathway from educatlon to empowermenl. IPARTNER INDIA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 WOMEN AND LIVELIHOODS iPartner Indla advanced women's economlc Indep8nd8nc8 and leadershlp through comprehensive livelihood. mobility. and righls-based programmes. This year. 206 women were placed in transport and delivery jobs, ollectively providing over 208,000 safe rides and 45,000 safe deliveries, generating a cumulative income of more than l2.7 crore. Women transiknoning into professional driving roles received exlensive technical upskilling, including H8avy Motor Vehicle (HMV) licensinfv28 women obtained their HMV licenses. Continuous leaming was ensured through 16 refresher sessions covering work-readiness, spoken English, and digital skills. Through rights-awareness and community-Ir8n8formation programmes, iPartner India engaged women and communities in addressing gender-based violence, building self-confidence, and improving social protection access. The programme ensured soci81-securily inclusion for women, linking 50 workers lo the national E-shram portal and initiating ongoing efforts toward Provident Fund and medicakinsurance cov8rage for gig-aconorny women workers. Additionally, global placement pathways were strengihenèd. with women undergoing internatlondl drlvlng tralning and E>arning significantly higher incomes abroad. Togelh6r, these efforts contnbuted to transforming women into skilled professlonals, famlly brèadwlnners, and communlty leaders challenging gender noms. Kamla Bhasln Award IParlner India. in collaboration wlth Azad Foundation and the National Foundation for India, hosted the third edition of the Kamla Bhasln Award In 2024, honourlng th8 legacy of femlnlst pioneer Kamla Bhaslrfv-famous for her rallylng cry "Men of quality are not afraid of equ8lity.' The award recognises individuals across Soulh Asia who dismantle Pws from operatlng actlvltlos Cash (absorbed byygenerated from operations 23 (28.358) 281,209 Investlng actlvltleg Purchasé of tangible fixed ass8t8 Investment income received (1,749) 1,740 6,246 Net cash gon•ratod froml(u•od In) Inv•8tlng actfvltle8 6.246 (91 Net ¢a8h generatsd from flnanclng actlvltie• Net (docr•as•ylncro380 In cash and cash equlvalents 122.112) 281,200 Cash and cash equlvalents at beglnnlng of year 955,014 673,814 Cash and cash •qulv8lonts at ond of yoar 932,902 955,014 16- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Charlty Informatlon iPartner India is a private company lirnited by guaranteo incorporated in England and Wales. The ￿gIStered office is Flat 7 Mulbery Apartments, CosterAvenue, London, N4 2LD. 1.1 Basls of preparatlon The financlal statements have been prepared In accordanc8 wlth the Charity's Act 2011, the Companles Act 2006 and "Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable lo charltles preparing their accounts iii accordance with the Financlal Reportlng Standard applicable in th6 UK and Republic of Ireland (FRS 102)" las amended for aCr￿Unting periods commencing from 1 January 2019). The Charlty Is a Public Ben8flt Entlty as d8fln8d by FRS 102. The financial statements ar8 prepared in sterling, which is tho functional currency of the Charity. Monetary amounts in th8se financial statem8nts are round8d to the nearest £. The flnanclal statem8nts have bean prepared under the hlstorfc81 cost conventlon. Thè prlnclpal accountlng pdicies adopted arci sel out below. 1.2 Golng concern Al Ihe lime of approvlng the financial slatemenls, Ihe truslees have a reason8ble expectation that the Charity has ad8quate resources to conlinuè In operatlonal exlstence for the foreseeable future. Thus thè tnL4tees continue lo adopt the qoing concern basis of accouniing in preparing the financial statements. 1.3 Charltabh fund8 Unr8Strictod funds ar8 available for usa at the di5cr8tion of the trust8g5 in furtharanc8 of their charitable objeclivos. Restricted fijnds are subloct to specific conditions by donors 01 grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the noles lo the financial staiemenls. Endowment lund8 are subject to 8pecific conditlon8 by donors that the capital must b8 malnlalned by the Ch8rity. 1.4 Incomo Income is recognised when the Charity is logally entitled lo it after any performance conditions h8ve been mét, the amounts can be measured rellably. and It Is probable that Income wlll be recelv8d. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donatlon, unless performan￿ condittons require d8ferral of the amounl. Income tax recoverable in relation to donations receiv.ed under Gift Aid or deeds of covenant 18 recognised at the time of the donalion. Legae.18s are recognised on rec8lpt or othetwlse if the Charlty has been notified of an impendlng dlstributlon, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conts'ng8nt asset. 17- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcie8 (Continued) 1.5 Expendlturè All exp8ndiiurè is accountéd for on an accruals basis and has b88n classified under h8adings thal aggregate all costs related to the category. Expendilui'e is recognised where there Is a legal or constructlve obligation to make payments to Ihird parlles. it is probable that the settlement will be ￿qUired and the amount of Ihe obllgallon can b& measured re.liably. It Is calegorised und8r th8 following headings.. Co*t of ralsing funds comprlsè costs incurr8d by ihe charity In th8 generatlon of donatlon and fundraising income. Expenditure on ¢haritabl8 activitiès include thos8 costs incurred by the charty In thg delivery of its activities and services for its beneficiaries. Other expendllLire represents those Items not falling Into the category above. All categories of costs include bolh costs th81 can be allocated directly to such aclivities and those costs of an Indirect natur8 nature necessary to 8UPPOrt them. Irrecoverable VAT is charged as an expeiise against the activity for which expenditur8 arose, Grants payable to third partles are iyilhSn the charltable obJ8Ctlves. Where uncondltlonal grants are offered, this is accrued as soon as the recipient is notified of tlie grant as Ihis gives rise to a reasonable expectation that the r8cipienl wlll recelv8 the grants. Wh8r8 grants are condltlonal relatlng to performanc&, t￿￿ grant Is accrued only when ariy unfulfillod c'ondiltons are outside of the control of Ihe charity. Support cost• Support costs 8re thos8 Ihat 8SSiSt the work of the ch8rily bul do not directly represent charitable activities and include premises cost8, office costs, govemance costs. administrative and payroll ￿)st8. They are incurred directly in supporl of expenditure on the objects of the ch8rity. Where support costs canncrt be directly attributed to particular a￿livities, they kiéive been allocated to expenditure on a basis which may be based on activily as represenlod by dir8¢t costs expended on Ihal activity, or based on 8 proportion of slafff costs. The analysis of Iheso GQSts is induded in Notij 4. 1.6 Tanglbl• Ilxed as60ts Tanglble fixed assets arè Inltially measured at cost and subsèquenlly measured at cost or valuatkin, net of depreciation and any impairment lostseg. Deprèclatlon Is raL'ognlsed so as to wrlte off tha cost or valuatlon of assets less th*ir resldual values over their usoful lives on the following bases: Computers 2$% p8r annum On reduclng balance The gain or loss arising on the disposal of ari assel is deiermift¢d as the dlfference between the sale proceeds and th8 carylng value of the a%set, and Is recognlsed in tFie statement of flnanclal acllvllles. 1.7 Impairment of flxed asset$ At each reporting end date, the Charity reviews tho carrylng amounts of its tangible assets to determine whethgr thpre is any indication that those assets have 5uffergd an impaiTm8nt Ios5. If any such indication p.xisls. the recoverable amount of th8-a3set is estlmat8d in order to detemilne the extent of the impaimient loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents Indude cash In hand. deposlts held at call with banks, oth8r short-tgmi liquid inveslments with original m8turities of three months or less, and bank ov8rdrafts. Bank overdrafts are shown within borrowlngs in current liablities. 18- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 1.9 Flnanclal Instruments The Charity has elected to apply th& provisions ,of Section 11 'Basic Financial Instruments. and Section 12 'Other Flnancial Instruments Issues. of FRS 102 to all of its flnancial instruments. Flnanclal Instruments are r8cognlsed In the Charitls balancé sheet when the Charity becomes paty to thé contractual provisions of the instrument. Financial assets and liabililles are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right lo set off Ihe recognised amounts and there is an intention to settle on a net basis or to realise tlie as8el and settle the liability 8imultangously. Basic flnanclal as8•ts B86ic financial assets, which Include debtors and Cash and bank balances, ar6 initially measured at transactlon prSce includlng ti'ansactSon costs and ar8 subsgquenlly carrled at amortlsed cost using the effectlve intere51 method unless the arrangement conslilutes a financing transaction, where the Iransaclion is measured at the present value of th8 future recelpts dlscounted at a Ma￿et rate of interest. Financlal assets dassified as receivable wlthin one year are not amortised. Dorecognition of financlal assets Financial assets are derecognised only when the conlractual rights lo the cash flows from the asset expire or are settl8d, or when the Charlty transfers the flnancial asset and subslantlally all the rlsks and rewards of ownership to another LJnlity, or if some significant risks 8nd rewards uf ownership are retained but c.ontrol of the asset has transferred to amther party that Is able to sell th6 asset in Its entlrety to an unrelated third party. Baslc flnancial Ilabllltles Baslc financial IlabilltleJ, Includlng credltors and bank loans are Inltlally r8cognlsed at transacllon price unless the arrangement conslitLiles a financing transaction, where Ihe debt invtrum@nl is mea8ured al the present value of the future payments dlscounted at a market rate of interest. Flnanclal Ilabllllles classlfied as payablo williin orie year are not amortised. D8bt inslrumenls are subsequently carried at amortised cost, using tl)e effective interesl rate method. Trade creditors are obligallon8 io pay for goods or serviLes that have been acquired in the ordinary course of operat1￿lS from suppll8rs. Amounts payable are classlfied a8 current liabllltl&s if payment Is due wlthln on8 year or less. If not, Ihey are presented as non-currenl liabilities. Trade creditors ara recognised initially at transactlon prSce and subseqtjenlly measured at amortlsed cost using the effectlve Interest method. Derecognltlon of Ilnanclal Ilabllltlos Financlal liabilities are derecognised when the Charlty's contractual obllgatlons explre or are discharged or cancelled. 1.10 Employee benefit$ The cosl of any unused holiday enlillement is recognised in the period in which tho employee's services are received. Tgrminatlon benefits ar8 recogni8ed Immediately as an 8XP8ns8 when the Charfty Is dgmon51rabiy commltted to teminate the employment of an pmployee or lo provrde temination benefits. 1.11 Retirement bènefit8 Payments to defined contribution retirement benefit sthemes are charged as en expense as they fall due. 19- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.12 Sl8tsr organlsation The charity works in association with a sister organisation in India. that is call8d iPartner India (the Trust). The Trust is a separately constituted Cha￿table Trust (Ref 5454) established to work Sn partnèrship with iPartner India UK in deliv8ring its mutual charitablè objectives Within agraed quality standards. Thé Trust is not deemed to be a branch nor a subsldlary of the UK Charlty. As a result of thls, Its results are not rellected In these accounts. Funds Iransf8rred lo Ihe Trust are tr8dted as grants. Crltlcal accountlng ••tlmatss and Judg•m•nls In the 8ppllcallon of the Charfty's accounting pollcles, the trustees are requlred to make Judgements. estimates and 85sumplions about th8 carrying amount of assgts and liabililies that are not readily appargnt from other sources. The estimates and associated assumptlons are based on hlstorical experlence and other factors that are corisidered to b8 relevant. Actual results may differ from these 86timates. Th8 estimates and underfying a5sumptjons are review8d on an ongolng basis. Rèvisions to ac¢ounling estimates are recognlsed In the perlod in whSch the esllmale is r8vls8d where tlie revision affects cnly that peri¢)d, or in the period of the revlsion 8nd future periods where tho revision affects both current and future perlods. In the oplnlon of the trustees, there were no speclflc, judgements and assumptlons that wEJre crltical In the preparation of the financ.ial statements. Incom• from donatlon# and legaclea Unrostrlctod Ra3trlctod funds fund8 2025 2025 Total Unrostrlcted R•strlcted funds fund5 2024 2024 Total 2025 2024 Donation8 and glfts Grants 85.272 248,050 318,841 333,322 318,841 53,129 53,129 779,471 779.471 85,272 566,891 652,163 53,129 779.471 832,60U In¢om• from Inve8tm•nts Unrestricted Unrestrlcted funds funds 2025 2024 Int8r8St receivable 6,246 1,740 -20- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on raising funds Unro8trlct•d Restricted funds funds 2025 2025 Total Unrastricted Restrlctèd funds funds 2024 2024 Total 2026 2024 Fundralslng and publlclty Other fundraising costs Staff costs Oepreclation and impaimient 17,214 21.823 3,057 20.271 21,823 34,570 21,823 7,169 41,739 21,823 138 138 39,175 3,057 42,282 56,577 7,169 63,746 Charltabl• actlvltles Alleviotlon Prevontlon of hard8hlp of human nd povorty trafficking 2025 2025 Total 2025 T¢)tsl 2024 Depreciatlon and Imyalrment 210 Grant funding of activilies (see note 8) 435,006 113,574 548,580 399,500 Share of support cosls1888 note 9) Sh8re of governance costs (see note 9) 38,169 12,555 10,095 3,277 48,264 15,832 72,642 20,957 485,730 126,946 612,678 493,309 Analys18 by fund Unrestricted funds Restrlct8d fund8 49,996 435,734 9,878 117,068 59,874 552,802 85,005 408,304 485,7JO 126,946 612,676 493,309 For the year ended 31 March 2024 Unrestricted funds Restricted fvrids 62.800 313.756 22,205 94,548 85.005 408,304 376,556 116,753 493,309 Descrlptlon of charftable a¢tlvltle6 The charitable activit18s continu8d to be that of All8viation of hardship and poverty and prev8ntK)n of human trafficking. 21 IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Alleviatlon Prevention of hardshlp of human and poverty trafflcking 2025 2025 Total Alleviation af Pr8V8ntion of 2025 hardship and human poverty trafficking 2024 2024 Total 2024 Grants to institutions,, Awards, Fellowships & Scholarships Azad Foundauon Instltute for Sludles & Trans iPartner India Trust LAYA Jamghat Prercjna and RAHAT PPES SPID Arthlk Anusandhan Kendra Udayan Cara Worshops Confluence Media 1,488 37,793 1.488 37.793 6,153 39,898 6,153 39.898 4.798 34,402 1,098 69,448 4.798 86,005 1,098 69,448 29,601 104,032 13,344 45,850 68,775 114,625 51.603 35,940 35,940 32,313 29,601 83,768 83.768 12.486 104,032 12,486 13,344 25,000 47,067 38,100 120.000 25,000 47,067 .38,100 120,000 45,123 45,123 435.006 113,574 548,580 304,952 399,500 -22- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant8 payable (Continuod Awards, Fellowships & Scholarships £1.488 (2024.- £6,153) Awards, Fellowships and Scholarships to the wlnner of the first 8dltlon of KB Awards and Scholarship to resource poor Indlviduals. Azad Foundation £37,79312024.' £39,898) Providing Iiv81ihoods with dignity for women from resource-poor communities. Institute for Studies & Tr8ns . £nil12024. £4,798) For the welf8re and support of women in performing arts in India. iPartner India Trust.. £114.625 (2024'.£86,005) Providing Scholarships and working towards anti trafficking of young and mlnor glrls and boys. LAYA.. £nll (2024.. £1,OY81 For pr8parlng of strategy papar on @nvlronmenl and energy. Jamghal ', £35,940 (2024., £69,448) Educallon, couns8lllno, Ilvellhoods and provlslon of safe space to chlldren living on streets. Prerana '. £21,111 12n24: £20,169) Educ81ior) support programme for children of sex workers from Mumbal red Ilghl areas. RAHAT.. £11,202 12024: £9,432> ComThiunlly based project to protect women and children from abuse and xual exploit81ion. PPES .' £83,76812024.' £104.032) Support education for girls trom resource poor b8ckground.. SPID '. £12,486 {2024'. £13.344) Education, nutrition and sate space for childrèn of sex workers in Dalhi's red Ilghl ar88. Arthlk Anusandhan K8ndra £25.000 (2024: £nlll Support the Ilvelihood8 and educ8tlon for 9lrls and women from ￿SOUrce poor background. Udayan ca￿ .' £47,08712024'. £45,123) Fellowshlp and mentoring support to gids from poor background. Workshops . £38,10012024: £n51) Provide trainings to the suNivors of vlolence for trauma relief through Dance Movement Therapy. Confluence Media . £120,00012024'. £nil} Creating the awareness films and videos on proi8Cts. -23- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Staff costs Depreciation Rent and genèral office Book-keeping & administration Other cost Travelling expenses Govgrnanc8 wsts 24,940 158 3,968 8,591 1,017 9,590 15.832 24,940 1,182 29,827 1,090 15,603 20,957 64,096 93,599 Analy$8d between: Ajlevialion of hardship 8nd povety Preventlon of human trafficklng 50,724 71,444 22,155 64,096 93,599 2025 2024 Govornance costs c.omprlso: Staff costs Depreciation Audil fees Shar8 of support costs 5.196 32 5,196 43 5,778 9,940 4,826 15,832 20,957 10 Net movement In fund8 2025 2024 The nel movement In funds Is stated aft8r charglngl(credlllng>: Fees payable for the audit of tl7e charity's financial statements Depreciation of owned tanglble flxed assets 5,778 328 5,778 437 11 Trustees None of the tmstees (or any persons connecte(i with them) received any remuneration or benefits from the Charlty during the. year. Non8 of the trustees had any exp8nses reimbursed or paid for by the charity during the year (2024.. £nil). -24- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employ006 Th8 averag8 monthly number of employees during th8 y8ar was., 2025 Number 2024 Number Employment ¢o•ts 2025 2024 Wages and salari88 Social security costs Other p8nslon costs 50,000 646 1,313 50,000 711 1,248 51,959 51,959 There were no employ88s whose annual r8muneratloii w88 more than £60.0¢)O. Romunaratlon of key nianagemont p•r60nnal The remun8rats.on of kay management personnel was as fdlows: 2025 2024 Aggregate compen8ation 50,000 50,000 There were no other related party transactions. 13 Tanglblè flxod a$8•ts Computers Cost At 1 Aprll 2024 1,749 At 31 March 2025 1,749 Depreclallon and Impalrment At 1 April 2024 Dep￿CiatIon charged in the year 437 328 At 31 March 2025 765 Carrying amount At 31 March 2025 At 31 March 2024 1,312 -25- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Debtors 2025 2024 Amounts falllng due wlthln one year: Other debtors 28.896 2,158 15 Credltors: amounts falllng due wlthln one year 2025 2024 other taxatlon and soclal security Trade cr8ditor8 Other credilors Accru818 and deferred Income 1.478 320 11,075 4,815 1,439 2,198 8,439 4.815 17.688 16,891 16 Ratlr•m•nt benaflt #ehom08 2025 2024 Deflned contribution schemes Charge to profit or loss in respect of defined contribution scliemes 1.313 1,248 Th8 Charity operates a d8fin8d contributlon pension 8ch8me for all qualrfylng ernploy¥es. The a8S8ts of th scheme are held separately from those of the Charity In an Independently admlnl8tered fund. 17 Re8trl¢tsd fund$ I"he restricted funds of th8 charity comprise the unexpended balances of donation8 and grants held on trust subject to spe¢ific conditions by donors as to how they may be used. Movement In funds Incomlng R•$?urce8 B•lJnc• 4t r••ourc•s •xp•nd•d 31 March 2025 B•l•nc• at 1 Aprll 2024 Every8MlnutelGlobal Glvlng Beatrice Gilmore Trust OGB Simon Singh Llly FGC RZK Foundation Coviok19 Relief Fund Pakhar Foun(lation GcAdman Sachs (Punit Malhl} Goldman Saths (Rajesh V8nk8tramani) Other 74.262 143 30.567 12,189 50,000 120,000 15.000 9.625 (114) {12,3321 (25,000) 1120,0001 {11,457) (9,901) 104,715 25,000 27,656 276 64.088 157,495 223,289 42,325 39,051 31,199 64,088 190,472 169,604 268,841 (235,864} 153,685) {42,325) {45.1811 60,669 54,539 628,585 566.891 {.fj55,859) 639.617 -26- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds (Contlnuedl Purpose of restricted funds.. Every8Minute '. These funds are used for the charltls campalgn that works for the prevention of chlld trafflcklng, scholarship pn)gram and R8ksh8n program. Beatrice Gilmore Tnjsl These funds arg tor the Support of kitchen gardens under Rakshan program. OGB These funds are for the 811PPOrt of livelihoods programs. Slmon Singh The funds ralsed for makirwj educational films and campaign vldeo8. Lily FGC The Llly Foundatlon Governlng Commlttee carrles out fundralslng for the Charity for antktrafflcklng prolects and the alleviation of poverty. RZK Foundation These funds were rals8d for the support of Ilvallhoods and educallon. Covld-19 Relief Fund These funds were raibed for the Covid-19 Relief work in India. Pakhar Foundation These funds provlde support for a number of projects In India involved wlth chlldren'5 education the prevention of human trafficking. Goldman Sachs The8e funds ar8 for charltabl8 actlvitl88 and programs In Indla. other These funds represent other funds donated lo support worthy projects in Indi8. 1-he amourit also indude Just Giving incoming rt>sources 01 £42.480. The balanc& at 31.03.25 was £8,493. The funds were raised by Zak and his frlend for construction of three classrooms at PPES. 18 Unrostrlctfjd funds The unrestri¢led funds of the Gharity comprise the unexpended balances of donations and grants which are not subject to speclffic Gonditions by donors and grantors a5 to how they may be used. These Indude designatod funds which have been set aside oiit of unrestricted funds by the trustees for spg¢ifi¢ purposes. At 1 April 2024 Incoming Resourc08 At 31 March resource6 expended 2025 General funds 313,008 91,518 (99,049) 305,477 -27- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestrlcted funds (Continued Prevlou• year: At 1 Aprll 2023 Incomlng resources Resources At 31 March expended 2024 General funds 399,721 54,869 1141.582) 313,008 19 Analy818 of net assets htw••n funds Unrestr1￿Od lunds 2025 Rostrlctèd funds 2025 Total 2025 Al 31 March 2025: Tanglble assets Current a8sel81(liabllltle8) 984 944,110 304,493 639,817 305.477 639,617 945,094 Unrastrlct•d funds 2024 Re8trlcled funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(Ilabllltles) 1.312 311,696 1,312 940,281 628,585 313.008 628.585 941,593 20 Flnanclal commltmonts, guarante•8 and rontlngent Ilabllltles There wer& no fin8nci81 commrtments, guarantees or conts'ngent liabilities al the ye8r en 21 C•pltal commltment8 There were no capiial commitments either authorised by the board or eontracted for at the balance sheet date. 22 Related party transactlons There were no dis¢losable related party transactions during the year (2024 - none). -28- IPARTNER INDIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Cash {absorbed byllgenerated from oporatlons 2025 2024 Surplus for the y8ar 3,501 277,285 Adlustments for.. Investment income rp.cognised in statement of financial activities Depreciation and imp8irmenl of tangible fixed assets 16,246) 328 (1,740) 437 Movamonts In worklng capltal: {Increaseydecrease in debtors Increas8 In credltors 126,738) 797 5.225 Ca8h {ab8orbod byllgeneral•d from operation• 128,358) 281.209 24 Analy81s of changes In not fund8 The Charlly had no materlal debt durlng the year. -29-