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← Mothers2mothers (UK) Limited

2023-12-31-accounts

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

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mothers2mothers (UK) Limited (A Company Limited by Shares)

REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

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mothers2mothers (UK) Limited

CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Page
REFERENCE AND ADMINISTRATIVE DETAILS 2
REPORT OF THE TRUSTEES 3
INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS 23
STATEMENT OF FINANCIAL ACTIVITIES 27
BALANCE SHEET 28
CASHFLOW STATEMENT 30
NOTES TO THE FINANCIAL STATEMENTS 31

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Reference and administrative details

The charity's registered name is mothers2mothers (UK) Limited (herein referred to as m2mUK). It is registered with the Charity Commission in England and Wales with the number 1119721 and with Companies House with the number 5981078.

Full name and registered address:

mothers2mothers (UK) Ltd St Mark’s Studios 14 Chillingworth Road London N7 8QJ

Charity Registration Number: 1119721 Company Registration Number: 5981078

Trustees:

Afua Basoah - Chair Andrea Hartley Carolina Manhusen Schwab – Vice-chair – resigned December 23 Charles Gavin McGregor Daphne Metland – resigned October 2023 Derek Lubner Keith Kibirango Kerry Ann Evans – resigned July 2023 Souleymane Ba Dr. Timothy Evans Peggy Grueninger – appointed March 23

Senior member of staff

Emma France (m2m Chief Growth Officer)

Solicitors:

Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A 3LH

Bankers:

CAF Bank Ltd National Westminster Bank Plc 25 Kings Hill Avenue 490 Holloway Rd West Malling London Kent N7 6JB ME19 4JQ

Independent auditor:

Saffery LLP 71 Queen Victoria Street London, EC4V 4BE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees have the pleasure of presenting their report with the audited accounts for the year ending 31 December 2023. The Trustees have adopted the provisions of the Charities SORP (FRS 102) — Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland (second edition) in preparing the annual report and financial statements of the charity. The accounts have been prepared in accordance with The Companies Act 2006.

Organisational structure

m2mUK is part of the mothers2mothers ‘family’ which consists of three separate entities, each located in a different geographical location: m2mUK, which is based in London; mothers2mothers South Africa NPC (herein referred to as m2mSA), based in Cape Town, South Africa; and mothers2mothers United States, Inc. (herein referred to as m2mUS), based in New York, U.S. These three entities together are known globally and are collectively referred to as “mothers2mothers” (m2m). The relationship between the three entities is operational, based on a shared mission and commitment to unlocking the potential of mothers and families through scalable, high-impact interventions in the developing world. m2mUK is principally engaged in advocacy, strategic engagement, and mobilising resources for m2m programmes in Africa.

About mothers2mothers

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mothers2mothers (m2m) is an African primary health care organisation that employs women living with HIV as community health workers across 10 African countries. These “Mentor Mothers” deliver integrated primary health services at clinics, in communities, and remotely through e-Services to ensure everyone, everywhere has access to the services they need to be healthy and stay in care.

Founded in Cape Town, South Africa, in 2001 with an initial focus on preventing the vertical transmission of HIV from mother to child, m2m has over time innovated

and expanded its model to support women and their families at all stages of life, and to address related health challenges that are both prevalent in the communities m2m supports and are also more serious for people living with HIV. Under its 2022-2026 Strategic Plan, m2m is continuing to evolve our proven, peer-led model to reach more people, double down on ending HIV, as well as to tackle new health challenges affecting the communities we serve—all with the aim of building a fairer, healthier future. The employment of local women as community health workers means that m2m prioritises health care for families who need it most, delivered by women who know them best. While HIV education, prevention, care, and treatment continues to be a core focus,

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today m2m Mentor Mothers also provide education, screening, and support for health challenges including tuberculosis, malaria, and non-communicable diseases. m2m also partners with governments and other NGOs on the adoption of our programme to spread the Mentor Mother Model and its benefits, and to advocate for community health workers—like the m2m Mentor Mothers—to be paid, recognised, and supported.

m2m currently has operations and affiliated operating entities in Angola, Ghana, Kenya, Lesotho, Malawi, Mozambique, South Africa, Tanzania, Uganda and Zambia.

Constitution

m2mUK is a registered charitable company limited by shares, which was initially incorporated on 27 October 2006 and registered as a charity on 19 June 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Objectives and Activities

Purposes and Aims

m2mUK is required by Charity and Company Law to act within the objects of its Memorandum of Association, which are as follows:

More specifically, m2mUK’s main objective is to support the elimination of mother-to-child transmission of HIV and improve the health and well-being of mothers, their families, and communities in sub-Saharan Africa by both raising funds and increasing awareness of our cause in the United Kingdom, Europe and beyond. We, therefore, seek to maximise resource mobilisation by generating both restricted and unrestricted funds, as well as seeking gifts in kind, collaborations, partnerships, and raising awareness of our cause through advocacy and strategic engagement.

Ensuring our work delivers our aims

The Trustees review our objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to our beneficiaries. The review also helps us to ensure our aim, objectives, and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.

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The focus of our work

Our main objectives for the year were:

Embedding learnings from m2m's COVID-19 Response to enable continuity of care in emergency situations

Throughout 2023, m2m continued to exercise caution against COVID-19—minimising numbers of external visitors to m2m offices and sites in order to protect frontline staff, while reducing social distance requirements and mask usage unless local government guidelines stated otherwise.

m2m has also continued supporting in-country COVID-19 mitigation response efforts— including in Angola, where m2m Mentor Mothers assisted with community mobilisation and screening to help the government reach its 70% COVID-19 vaccination coverage goal.

Service Evolutions in 2023

2023 saw mothers2mothers’ ambitious 2022-2026 strategic plan take flight and start delivering results. We have continued to respond to our client’s changing needs by expanding into new and enhanced programme areas and deepening our partnerships with governments to strengthen health systems.

Most notably, m2m was selected to participate in the World Food Programme (WFP) Innovation Accelerator Sprint Programme in Mozambique, to improve nutrition and food security for thousands of people with (or at risk of) key vulnerabilities for malnutrition—like HIV and tuberculosis—in Cabo Delgado province. The sprint is running from July 2023 to January 2024, and its goal is to reach 5,000 individuals, ensuring that at least 50% of those engaged in the pilot project have access to a diverse and balanced diet, ultimately leading to improved health outcomes.

In Angola, m2m has also seamlessly integrated malaria education, screening, prevention, and treatment into our direct service delivery model. Malaria is one of the additional health challenges that m2m committed to evolve our model to support as part of the Strategic Plan, in recognition of the fact that malaria is prevalent in the communities we work in and people living with HIV can be at more serious risk of malaria infection. By the end of September, an impressive 12,715 clients had received education and screening, surpassing the target by 662%. Among them, 12,703 were

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referred for malaria testing at health units, and 5,092 tested positive for malaria, all of whom were promptly initiated on treatment.

Recognising that misunderstanding and false beliefs surrounding vaccinations are inhibiting uptake of critical vaccinations, The Pfizer Foundation has funded m2m Malawi to undertake a programme to improve vaccination rates among women, adolescent girls, young women, and children under the age of five. To achieve this, m2m partnered with the Ministry of Health to provide additional training to government-employed community health workers (CHWs). These workers will now focus on encouraging people to receive vaccines for diseases such as HPV, cholera, hepatitis, malaria, and COVID-19.

Under the Strategic Plan, m2m is also committed to expand services to reach the whole family, and throughout 2023 several countries undertook efforts to increase involvement of male partners. In Zambia, m2m Mentor Mothers working in the communities around Lusaka encouraged nearly 400 male partners to receive HIV testing and also provided PrEP initiation and education for these partners. In Ghana, efforts to involve male partners included establishing three male support groups at the community level to encourage male partners of antenatal and postnatal clients to support their wives, partners and significant others who were receiving services at m2m sites.

We also expanded our Project AMPLIFY initiative in Western Cape, South Africa, to address the unique health needs of men who have sex with other men (MSM). This included adding a new module to the Virtual Mentor Mother Platform—an interactive tool that operates on the messaging platform WhatsApp where users can access important health information—to feature topics related to “Human Sexuality”, such as explanations on the distinctions between sex and gender, gender identity, sexual orientation, and sexual practices. This project, which is funded by the Merck Foundation, also expanded to Gauteng Province, South Africa to increase its impact— in line with our vision of health for all bringing opportunity for all.

Lastly, adolescent girls and young women (AGYW) continued to bear the brunt of new HIV infections—data released by UNAIDS showed that over 3,000 AGYW in sub-Saharan Africa became infected by HIV every week in 2022[1] —and so m2m has continued to scale up efforts targeting this population. This included recruiting additional Peer Mentors in Malawi and Zambia, to ensure that this vulnerable population had access to the information and services they need from a trusted source delivered in a youth-friendly way. And in both Mozambique and Ghana, there has been a focus on reaching AGYW who are HIV-free and ensuring they have the education and support to make informed choices:

1 https://www.unaids.org/en/resources/fact-sheet

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target by 108%.

Our Full Service Range: A Closer Look

Our services include:

HIV Prevention, Care and Treatment

m2m grew out of an initial focus on Prevention of Mother-to-Child Transmission (PMTCT), and this remains central to our work. To ensure HIV is not passed from mother-to-child, Mentor Mothers support women living with HIV to start, continue, and/or adhere to treatment through pregnancy and breastfeeding and then transition them to programmes that will help them stay on treatment for life. This includes offering HIV, syphilis, and hepatitis B testing for the women we support, their babies, and partners.

m2m's 2022 Annual Programme Review, released in Q3 2023, revealed that m2m had achieved virtual elimination of mother-to-child transmission of HIV among our enrolled clients for nine consecutive years, with a transmission rate of just 0.5% in 2022—well below the benchmark of 5% that the UN defines as “virtual elimination”.* The 2023 Annual Programme Review will be released in Q3 2024 and will be published here: https://m2m.org/our-impact/routine-evaluations/

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Mentor Mothers also offer support, education, and services to prevent new HIV infections, with a particular focus on preventing new HIV infections and related illnesses among adolescent girls and boys and young men and women. m2m Peer Mentors offer support, education, and services to their peers to increase awareness, ensure access to health services, and reduce HIV infections among adolescent girls and young women.

*Latest available impact data at time of drafting.

Reproductive, Maternal, Newborn, Child, and Adolescent Health (RMNCAH)

The trusted relationships between Mentor Mothers and their clients make them uniquely effective in providing essential RMNCAH services critical for clients and their families—services that extend far beyond our original PMTCT focus. This includes services and referrals to pregnant women (both those living with HIV or HIV-negative) to ensure a healthy pregnancy, childbirth, and postnatal care, as well as nutrition education and programmes designed to enhance access to immunisations. We also educate, support, and refer all the women we serve to essential health services, including sexual and reproductive health and family planning.

Sexual and reproductive health (SRH) services

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m2m Mentor Mothers provide sexual and reproductive health services, including family planning, to women and their families— ensuring women in their communities have all the tools they need to take charge of their health and their future. m2m also provides age-appropriate, sensitive, and empathetic support to adolescents in safe and confidential environments, promoting access to sexual and reproductive health services, building their skills and competencies, and fostering healthy relationships and greater resilience through role modelling and involving youth in decision making. We employ younger m2m Peer Mentors to

deliver services in spaces such as youth clubs and via support groups in schools, communities, and health facilities. Through proven peer-led, age-appropriate sexual and reproductive health education and services, m2m Peer Mentors promote HIV, syphilis, and hepatitis B testing and support adolescents and young adults to prevent new infections and avoid unplanned pregnancies.

Tuberculosis (TB) Education, Screening, and Support

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Mentor Mothers educate clients about the symptoms and risks of TB, especially for those living with HIV. They refer clients with symptoms for testing, and support those who test positive to follow and adhere to treatment. Further evolution of this work to include TB sputum collection by our team, as well as distribution of preventative medication, is planned for 2024.

Noncommunicable Diseases (NCDs) Screening, Education, Referrals and Monitoring

Mentor Mothers educate and screen women and their families for NCDs such as hypertension and diabetes—referring them to health centres for clinical treatment, as needed. They also provide home-based support and measurement of key indicators such as blood pressure and blood sugar readings. We also provide cervical cancer screening and referral services for women of all ages.

Malaria Education and Referrals

Mentor Mothers educate women and families about how to protect and prevent themselves from contracting malaria, and referring those with symptoms for further treatment and care.

Household Economic Strengthening

m2m is improving the financial wellbeing and food security of women and families by developing and delivering our programmes to strengthen the economic health of households, including improving financial literacy and creating opportunities for revenue-generating activities such as Village Savings and Loans Associations, or referring and linking clients with existing services. In addition, m2m employs and pays women living with HIV as frontline health workers, which has a direct positive economic impact on communities.

Orphans and Vulnerable Children and Adolescents (OVCA)

Mentor Mothers provide dedicated OVCA services, including sexual and reproductive health services, incorporating HIV prevention, care, treatment, and support. They also support them to access healthcare services, start on antiretroviral treatment, and remain in care. In 2022, 99% of m2m clients who are Orphans and Vulnerable Children (ages 0-18) and tested positive for HIV were linked to treatment, compared to a global rate of 54% for children living with HIV. We also promote education enrolment and support households to become stronger economically, so that families and communities can better care for these young people.

Integrated Early Childhood Development (ECD) Services

The first three years of a child’s life are critical to their future development, and Mentor Mothers have unique access to make an impact and ensure that children thrive, not just survive. Since 2016, m2m has been training Mentor Mothers to provide an essential package of integrated ECD services

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to children and their parents or caregivers at their homes or within health facilities. They help promote an environment of nurturing care for the youngest children by providing tailored ECD advice and support to their parents and caregivers on early learning stimulation, responsive and playful parenting, health, nutrition, safety, and protection. Mentor Mothers also play a vital role in checking developmental progress and providing extra support or specialist referrals if children are falling behind. They also identify young children with disabilities and advocate for their care. In 2022 m2m reached 130,394 children (ages 0-2).

Volunteers

m2m UK would like to take the opportunity presented in this Trustees’ Report to recognise the indispensable contribution made by volunteers in 2023 including those individuals who volunteer their time either on a regular or one-off basis or in providing us with much needed extra assistance during our larger-scale fundraising events. We do not underestimate the tireless efforts of this dedicated group of people in organising, attending, and supporting our fundraising events throughout the year, and extend our heartfelt thanks to them all.

Public benefit statement

m2ms’ public benefit is enshrined in its charitable objects as outlined previously.

The Charity Commission in its “Charities and Public Benefit Guidance” requires that there are two key principles to be met to show that an organisation’s aims are for the public benefit: first, there must be an identifiable benefit, and secondly, the benefit must be to the public or a section of the public.

The Trustees confirm that in setting m2mUK’s objectives and planning its activities, they have given careful consideration to the Charity Commission’s guidance on public benefit objectives

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outlined in the Charities Act 2011. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

The Trustees are satisfied that m2mUK meets the requirements and conforms with the Act’s definition of a charity meeting all elements of the two key principles.

Strategic report

The information below, including the achievements and performance, financial review, risk management statement, and summary of future plans, forms the

Strategic report required by The Companies Act 2006.

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Achievements and performance

m2mUK’s main achievements during the year are both our success in mobilising resources on behalf of m2m, as well as increasing awareness of and advocating for the work that m2m does globally. These are discussed further in the ‘Financial review and review of other UK activities’ section following.

In terms of programmatic achievements, m2m’s Mentor Mother Model continues to be proven effective in improving the health and well-being of mothers, children, families, and entire communities. We have demonstrated the scalability of our model, as well as our ability to help achieve the Global Goals of ending the AIDS epidemic by 2030 and ensuring good health for all. Since our founding at Groote Schuur Hospital, Cape Town in 2001, m2m has reached over 15 million individuals in sub-Saharan Africa, created job opportunities for almost 12,000 women living with HIV, with 910 employed as of 31 December 2023, and met the United Nations 95-9595 targets four years ahead of the global goal for enrolled clients. We have also achieved virtual elimination of the vertical transmission of HIV for enrolled clients for nine consecutive years.

We consider that our programmatic platform is well aligned with current global health priorities - UNAIDS’ 95-95-95 targets and the Sustainable Development Goals - and through our work, we have seen not only that m2m’s Peer Mentor Approach is effective, but also that it is transferrable to multiple audiences and can deal with multiple health priorities. Furthermore, m2m’s facility-to-community platform, coupled with the enabling power of integrated in-person and e-services, is effective in reaching a greater number and variety of clients than ever before.

m2m's service delivery and impact update for 2023 will be available in Q3 2024, and will be found here: https://m2m.org/our-impact/routine-evaluations/

Financial review and review of other UK activities

The year 2023 saw increased donor engagement, and presented opportunities to position m2m as a leading African NGO and primary health care organisation—our presence and side event at Women Deliver in Kigali, Rwanda demonstrated our convening power, our engagement with United Nations events across the year cemented us as a leading voice on community health workers, and The Mothers’ Ball, m2m’s re-imagined Winter Gala (held in November 2023), provided an elevated experience and attracted a wider, more diverse audience than before.

We were excited to welcome one new Trustee to the Board during 2023 taking our total Trustee numbers to 8 following three of our existing Trustees having stepped down in 2023. We believe our Trustees bring a broad and varied wealth of knowledge and experience to the organisation.

Advocacy and strategic engagement

Throughout 2023, m2m maintained a focus on advocacy and communications—to further position ourselves to current and new relationships as a primary healthcare organisation, and as part of our commitment to strengthen health systems by making the case to decision- and policy-makers

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at the highest levels that paid female CHWs must be integrated into formal health systems to ensure everyone, everywhere can access essential care.

Key moments include:

Participation in the launch of Uganda’s first ever National Community Health Worker Strategy

In February, we were delighted to participate in the launch of Uganda’s first ever National Community Health Worker (CHW) Strategy—which we helped to shape through our close partnership with the Ugandan Ministry of Health. The strategy recognises the potential of paid and supported CHWs to achieve universal health coverage by delivering integrated primary health care in their communities

Spokeswoman in London in early March

To celebrate International Women’s Day and Mother’s Day, two natural bright spots in the m2m calendar, m2m UK was joined in London by Makeletso Khomonngoe—an m2m HIV Testing Services Mentor in Lesotho. Makeletso shared how through her work as a community health worker she is sparking change and leaving no woman or child behind at a number of events, including a panel event with Marks & Spencer and Hello! Magazine for International Women’s Day on how everyone can spark change, a presentation about m2m to Cartier U.K. private clients and staff along with long-standing partner Cartier Philanthropy, a panel discussion on the importance of embracing equity which was broadcast to ViiV Healthcare and GSK’s global employee network— plus two Mother’s Day events, one with Fenwick and Kidswear Collective and our own mothers2mothers Day Afternoon Tea where Makeletso brought her charm and expertise to demonstrate how when women lead, communities get what they need.

3rd International Community Health Workers (CHW) Symposium

m2m was honoured to participate in the 3rd International Community Health Workers (CHW) Symposium in Liberia, as a member of the Malawi Ministry of Health government delegation. The symposium provided m2m with an important opportunity to advocate for more paid, professional, and recognised female CHWs delivering primary health care in order to achieve universal health coverage, including remarks from m2m Mentor Mother and Spokeswoman Josephine Kalombola from Malawi.

United Nations Multi-Stakeholder Hearing on Universal Health Coverage

The global public health community gathered in New York in May for the multi-stakeholder hearing on Universal Health Coverage. With seven years left to meet the 2030 deadline of achieving universal health coverage, this was a key opportunity to take stock and identify actions to would unlock accelerated progress. As part of this gathering, m2m Spokeswoman and Strategic Project Officer, Babalwa Mbono, delivered what proved to be a pivotal statement on the critical contribution of CHWs, helping to influence the UN declaration adopted later in the year.

Women Deliver

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In July, a small delegation from m2m attended Women Deliver 2023—one of the largest multisectoral convenings for gender equality—in Kigali, Rwanda (17th – 20th of July). Themed around “Solidarity, Spaces, and Solutions”, the conference provided a welcome opportunity to engage with friends and partners to explore some of the biggest challenges and opportunities in making gender equity a reality by 2030. With m2m Spokeswoman and community health worker Esther Mamba from South Africa in attendance, m2m’s goal was clear—to ensure that discussions and solutions were built on and anchored in lived experience.

Highlights from m2m’s presence at Women Deliver include:

United Nations Global Assembly (UNGA)

m2m once again made an impact at the United Nations General Assembly, the culmination of a year of advocacy efforts. The delegation of m2m colleagues included two Spokeswomen—Site Coordinator Bupe Sinkala from Zambia, and Strategic Projects Officer Babalwa Mbono from South Africa—who passionately advocated for community-led solutions and for CHWs to be kept front and centre in policymakers’ thinking and approaches to delivering health for all.

Highlights include:

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challenges women can face in navigating SRHR, and highlighting the signal it would send to women and girls for their rights not to be explicitly included.

Ambassadors

We continued to expand our Ambassador family in 2023, and succeeded in announcing our first Family ambassadors—The Gill Family—in recognition of m2m’s wider focus on the whole family under the 2022-2026 Strategic Plan. Chloe & JB Gill are well-known media personalities in the U.K., with JB Gill also being a singer in popular boyband JLS. Their involvement as Ambassadors will further efforts to attract support from brands focused on the motherhood and parenting experience.

Awareness

Throughout the year we have continued to use our social media platforms to engage with key audiences and showcase events, programmatic updates, and advocacy messaging. Our audiences across each platform remain diverse, and we make strategic choices about where to place certain messages to ensure relevance and appropriate engagement. LinkedIn continues to be a fastgrowing platform providing a space for thought leadership, whereas our Instagram platform returned to growth after a period of audience stagnation following the announcement of Chloe & JB Gill as family ambassadors and The Inaugural Mothers’ Ball in November. Gratifyingly, we have retained strong engagement rates amid the audience growth.

Unrestricted Revenue

m2mUK raised unrestricted revenue in 2023 from a variety of different sources which we discuss in more detail below.

The Mothers’ Ball

A key focus for 2023 was the m2m Winter Gala, which we reimagined as The Mothers’ Ball—an annualised event series that unapologetically centres and celebrates the power of mother. Taking place at V&A South Kensington and hosted by m2m Ambassador Sabrina Elba, the event attracted around 400 guests—the majority of which were new to m2m—making this both the largest and most ambitious gala that m2m has hosted to date.

To bring The Mothers’ Ball to life, we leaned heavily into our identity as an African NGO as our point of difference—conceiving the event as an opportunity to showcase the rich diversity, creativity, and excellence of the African continent. The menu was designed by William Chilila of the Future Plate to reflect his unique Zambian, Ghanaian and South African heritage and the Auction featured African and contemporary art inspired by the power of mother.

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The evening also attracted support from new partners, including Dazed Media, who commissioned Austrian-Nigerian multi-disciplinary artist Cameron Ugbodu to create artwork that reflected the power of the m2m model in ways it has never been captured before. Cameron not only put the power behind the lens in a stunning series of portraits that represented m2m Mentor Mothers as “monuments’, he also created a triptych art piece called “sprout” which brought a new gaze to the m2m Mentor Mother model depicting the relationships and support networks between Mentor Mothers as a tree to reflect the life they breathe into their communities. ‘sprout’ was featured as part of the Auction, facilitated by Christie’s London.

Overall, The Inaugural Mothers’ Ball set the tone and level of ambition for the next four years as we continue to elevate.

Other collaborations, partnerships, and fundraising events

Mother’s Day

We marked Mother’s Day with a special afternoon tea in celebration of what it means to be M M Strong—highlighting the strong, determined, tireless women in our lives who have shaped us into the people we are today. The event included a brief panel discussion facilitated by Afua Basoah, Chair of the m2m UK Boards. The speakers included Tobi Asare from MyBumpPay, Jessica Lawes from The Mum Club, and m2m Spokeswoman Makeletso Khomonngoe. The event took place at Mortimer House and provided guests with the opportunity to learn more about m2m's Mentor Mothers - inspirational frontline staff. The event also helped raise vital funds for their work through a raffle and pledge moment. The raffle prizes were generously donated by Gucci, the Swarovski Foundation, and AM aesthetics.

Private Sector Partnerships

2023 was a successful year for private sector partnerships and saw the organisation increase our income from this important revenue stream. Renewed partnership with Roche, continued engagement with Merck, and a new partnership with GlaxoSmithKline, plc (GSK) are among the key highlights.

We have progressed a new Cause-Related Marketing strategy (“The Mothers’ Collective”) which will launch in early 2024, and Employee Engagement strategy, deepening partnerships within the pharmaceutical and health sector, and growing partnerships with the tech sector.

Our Corporate Advisory and Development Committee (CADC) provided valuable introductions and insights to strengthen our portfolio and support initiatives, notably The Mothers’ Ball. Their support was invaluable, and we would like to extend our deepest gratitude.

During 2023, we were also supported by many individuals and several corporate trusts and foundations, both through financial support and pro bono contributions.

Philanthropy

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

In 2023, m2m continue to benefit from the steadfast support of our close philanthropic supporters. Our Global Giving Circle and Board of Directors provided valuable support and introductions, most notably for The Mothers’ Ball. The annual Mothers’ Ball provided an opportunity to engage well-known philanthropists and we are looking forward to strengthening these relationships into 2024.

Recognising the potential of African philanthropy as an untapped resource for m2m, we started the development of a comprehensive strategy—the African Philanthropy Initiative—to engage and cultivate philanthropists from across the continent and diaspora. To spearhead this initiative, we welcomed our global Philanthropy Director in December of 2023 who will lead the international philanthropy team in identifying and securing new streams of unrestricted funding for m2m’s vital programs.

We thank the Greenwood Place for their stalwart support, and for their introductions to other philanthropists to grow m2m’s unrestricted revenue. We would like to extend our gratitude to all of our supporters in 2023 for their generosity and commitment to m2m.

Foundations

In 2023 mothers2mothers was grateful for continued partnership with long-standing partners including the Denise Coates Foundation, Cartier Philanthropy, LGT Philanthropy and ViiV Healthcare Positive Action. We have been pleased to grow our partnership with ViiV Healthcare Positive Action into new geographic locations including Zambia and through support for m2m’s Cyclone Freddy response in Mozambique. Of note, mothers2mothers commenced a new partnership with Pfizer Foundation through a Global Health Innovation Grant, to catalyse our work in Malawi – particularly in relation to vaccinations.

In July, m2m attended Women Deliver 2023—one of the largest multi-sectoral convenings for gender equality—in Kigali, Rwanda (17th – 20th of July) where we co-hosted a side event with Cartier Philanthropy, on ‘Joining the dots: Breaking silos to create gender equality by 2030’. The event featured powerful accounts of individuals dedicated to making gender equality a reality, and was undeniably a session to remember. Thank you to everyone, and especially our partners at Cartier Philanthropy, who contributed to making this event such a success!

Restricted Revenue

Restricted revenue was received from several sources during the year.

During 2023, m2m was grateful for the support of ViiV Healthcare, the Vitol Foundation, Cartier Philanthropy, Denise Coates Foundation, LGT Venture Philanthropy, GlaxoSmithKline Pharmaceuticals and Swarovski Foundation.

The Denise Coates Foundation is funding m2m’s work for a further three years in Malawi. The focus of our partnership is to support women, adolescent girls, and children’s health and wellbeing by offering a comprehensive set of services to improve sexual, reproductive maternal and child health in Lilongwe District, Malawi.

m2m has also deepened our partnership with ViiV Healthcare Positive Action with additional funding being awarded at the end of 2022 for accelerating HIV response and Preventions of

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Mother-To-Child Transmission among adolescent girls and boys (10-24) in Lusaka Province, Zambia. The project will run throughout 2023.

We would like to thank all our supporters and funders in 2023 for their incredible support.

Charitable expenditure

The activities of m2mUK in 2023 resulted in a total charitable expenditure of £2,437,304 (2022: £2,617,713). This expenditure helped support m2m’s programmes and advocate for m2m’s work and the role of Mentor Mothers in health system strengthening.

Support for the wider mothers2mothers organisation

In addition, m2mUK continues to provide invaluable support to m2mSA in helping it grow support from trusts, foundations, and institutional donors.

The Chief Growth Officer and the wider m2mUK team continued to spend considerable time in 2023 developing and stewarding other institutional relationships, such as with European bilateral funders, UN agencies, Corporations, and Trusts and Foundations for which revenue earned because of these relationships is received directly into other entities within the m2m family. In addition, the m2mUK team supported the work that m2m undertakes globally and continued to perform an advocacy role in raising awareness of the wider m2m organisation through attending conferences and meetings throughout Europe.

Investment powers and policy

In line with m2mUK’s purposes, the majority of unrestricted revenue is distributed via donations to m2mSA, leaving a relatively small amount in reserves at each year's end. This is in accordance with m2mSA’s needs and strategy and in line with a risk-averse investment policy, which determines that any remaining amounts of cash will be held in bank deposits for a relatively short length of time and, therefore negates the need or potential for investments to be held long-term in the U.K.

Grant-making policy

m2mUK makes sub-awards and donations to m2mSA in furtherance of its charitable objectives. These are made in accordance with m2mUK’s reserves policy and m2m’s needs. Risk management m2mUK has a dual approach to considering risks. First and foremost, management and Trustees consider the specific risks and uncertainties facing the UK organisation. Secondly, management and Trustees of m2mUK input into wider discussions concerning risks facing the wider m2m ‘family’ which may also be considered to impact m2mUK.

The Trustees consider that the principal risks and uncertainties facing the organisation are:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Principal risks and uncertainties Mitigating controls, systems, and procedures
Geopolitical impacts (Russia-Ukraine,
Israel/Palestine; 50+ high-stakes elections);
changing international development
priorities		 Funding diversification, political environment
monitoring, and visibility with
Missions/Offices/Multilaterals; new Security FTE
Further shrinking of international
development funding from traditional
bilaterals (USG, U.K., E.U.)
PEPFAR Reauthorisation		 Funding diversification (different bilaterals, and
deeper multilateral, corporate, trusts and
foundations, and philanthropic support)
Continued policy engagement, visible presence,
as needed; possible higher visibility
spokeswomen/programme, communications
Not aligning organisation for ”high” priority
of GRM sales with
products/content(and lack of marketing
function)		 January 2024 Summit: prioritisation and
implementation of 9 projects to reduce
bottlenecks and align the organisation
Not moving quickly enough with quality
responses to reasonable, and expected
partner questions/requests for information		 January 2024 Summit: prioritisation and
implementation of 9 projects to reduce
bottlenecks and align the organisation
Political and/or economic destabilization in
program countries (e.g., MZ, NG, SA), African
coupd’ états,threats in service delivery		 Preparations to pivot, possible refocus in
countries/regions;
more
engagement
with
African Union and Africa CDC,SecurityFTE
Health
services:
laws,
regulations,
standards, compliance, data privacy and
confidentiality, etc.		 Development of internal clinical team, internal
legal counsel, contracting out services or capacity
building, partnerships/alliances
High staff turnover negatively impacts donor
relations and fundraising activities. The cost-
of-living crisis increases the risk that staff
may leave to pursue higher salaries.		 Prioritise working culture and staff retention.
Staff that can are encouraged to return to the
office
to
support
team
building
and
collaboration.

A formal risk register exists, which includes documentation of the controls in place to mitigate all the risks identified as applicable to the organisation. This register is periodically reviewed and updated by management and the Trustees.

Fundraising policy

The Trustees confirm that they are aware of the revised fundraising guidance issued by the Charity Commission. Having considered this guidance, the Trustees confirm that no fundraising is carried out on behalf of the charity by third-party organisations and that it does not work with commercial participators. Fundraising is carried out according to professional best practices. This includes individual giving, corporate partnerships, giving in kind, and other targeted approaches to trusts, foundations, and bilateral and multilateral donors. The Trustees confirm no complaints were received during 2023.

Going concern

The Trustees and management have reviewed the budgets and forecasts in line with the organisation's strategic plans and consider that it is, therefore, appropriate to prepare these financial statements on a going-concern basis. The Trustees have assessed the current

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

consequences of the COVID-19 pandemic and recognise that, whilst this will impact the fundraising landscape in the UK and internationally, the Charity’s reserves are such that it expects to maintain positive cash flows and reserves for at least one year from the date of approval of these financial statements and as such the Trustees are confident that the Charity will continue to operate as a going concern.

Results for the year

Revenue for the 12 months to 31 December 2023 totalled £4,320,317 (2022: £3,839,836) of which £2,869,939 relates to restricted revenue (2022: £2,519,433). The overall figure includes gifts and services in kind, which are required to be valued and included in the revenue for the year. In 2023, such gifts and services in kind amounted to £187,920 (2022: NIL).

Net incoming resources for the year were £339,989 (2022: £227,426). In line with our reserves policy (see ‘Financial reserves’ below), unrestricted reserves carried forward on 31 December 2023 decreased to £450,731 from £824,815 on 31 December 2022. It is anticipated that the reserves level will be increased in 2024.

Financial reserves

The Board and Management have determined that “free” reserves (i.e. unrestricted reserves) should normally be maintained to at least three months of the organisation’s operational costs. This amount was determined to be sufficient to provide adequate cash flow and unrestricted funding to meet a reasonable range of contingencies and risks. The Board and management recognise that exceptional circumstances may arise that warrant the temporary use of the organisation’s unrestricted funds reserves above these amounts. Unrestricted reserves should, nonetheless, generally not be allowed to fall below the equivalent of three months of operational costs, unless approved by the Trustees in exceptional circumstances.

Total reserves at 31 December 2023 are £2,499,670 (2022 £2,159,681) of which free reserves are £450,731(2022 £824,815). None of the free reserves beyond the 3-month level have been designated or committed for any specific purpose.

Summary of future plans

m2mUK’s future plans are broadly twofold. First, to continue to support the work of m2m throughout sub-Saharan Africa, including supporting the continued expansion of the model to target countries with high disease burden and prevalence, and the realisation of the ambitious new strategic plan launched in 2022. Second, to continue its long-term investment in the United Kingdom office and grow its revenue, donor base, and revenue in a sustained and consistent manner in line with its strategic plan (2022-2026), taking advantage of our global positioning.

In line with m2mUK’s strategic plan, which in turn forms part of our global resource mobilisation strategy, the Trustees hope that 2024 will achieve a higher level of unrestricted revenue than was possible in 2023. In terms of restricted revenue, it is envisaged that the level of revenue from restricted sources will also increase when compared to 2023.

Future programmatic developments for m2m, based on its 2022-2026 Strategic Plan, include:

A clearer focus on three key client groups

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Looking ahead, m2m plans to refine even further our client focus on three key client groups. These are:

We will use our innovative integrated service platform to meet the health needs of these key client groups.

Structure, governance, and management

The Trustees who served during the year are set out on page 2. The power of appointing new Trustees is vested in the existing Trustees of m2mUK. The following appointments and resignations occurred during the year:

At the end of 2023, the total number of Trustees was eight.

The organisation will continue strategically recruiting new Trustees to the Board based on organisational needs and growth trajectory. Any new Trustee will be chosen by the existing Trustees for the skills and diversity of experience they can bring to m2mUK and any training needs will be assessed on an individual, case-by-case basis and in accordance with skills audits.

Trustees shall hold office for a term of three years. At the end of the term, a retiring Trustee who remains qualified may be reappointed, provided that no Trustee may serve for more than three consecutive terms of office.

The Trustees are in regular communication between themselves and Emma France and are responsible for approving the strategic direction and policies of m2mUK.

The material day-to-day decisions for m2mUK are made by a small management team based in London, UK. This team is headed by Emma France who also serves as the Chief Growth Officer, Emma France. The Chief Growth Officer also sits on m2m’s global Senior Management Group and Executive Management Committee; strategic decisions made by m2mUK are consistent with the overall strategic plan of m2m.

Induction and training of Board Members

Trustees' skills are reviewed regularly to ensure that they meet the organisation's requirements. New Trustees are inducted into the charity by discussions between themselves and other Trustees, and members of staff, as opportunities arise. They are presented with background information regarding the organisation, its programmes, and mission, and they have access both to m2m’s and to the Charity Commission's websites. Trustees may also attend relevant training for Trustees given by external providers, where it is considered necessary and appropriate, for example,

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

around best practices in relation to GDPR and Trustees’ responsibilities for fundraising best practices. m2mUK encourages all Trustees to conduct site visits to m2m’s African-based programmes for hands-on experiential learning and receive opportunities for regular technical updates from programmatic staff.

Management personnel

The Trustees consider that the key management personnel in 2023 consisted of the Chief Growth Officer; the Director of Strategic Partnerships; and the Head of Finance & Operations, Europe.

Remuneration of key management is based on experience and level of responsibility and is benchmarked against industry standards (using a global employment survey) for similar roles. It is reviewed annually based on both the individual employee’s and organisation’s performance. It is overseen by the Chair of the Board of Trustees.

Relationship with the charity and related parties including its subsidiaries

Related parties

The shares in m2mUK Limited are held upon trust for the Trustees through a Trust deed signed on the 13[th] August 2013.

m2mSA and m2mUS are related parties by virtue of shared missions. Related party transactions with these entities are included in the notes to these financial statements.

Each of the Trustees is also considered to be a related party to m2mUK.

Subsidiaries

m2mUK Limited owns the entire share capital of a trading company, m2m Europe Enterprises Limited, company number 10043425. As at year end 31 December 2023 m2m Europe Enterprises Limited was dormant.

Statement of the Board's responsibilities

The Trustees (who are also directors of m2mUK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with The Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

The members of the Board (the Trustees) who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the members of the Board has confirmed that they have taken all steps that they ought to have taken as members of the Board to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

This report has been prepared in accordance with the special provisions relating to small companies within part 15 of The Companies Act 2006.

The Report of the Trustees was approved by the Board on and signed on their behalf by:

==> picture [96 x 37] intentionally omitted <==

Jul 14, 2024

Afua Basoah Chair of Trustees

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INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of mothers2mothers (UK) Limited for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet and the statement of cashflows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 21 and 22 , the trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative to do so.

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INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charitable company by discussions with trustees and updating our understanding of the sector in which the charitable company operates.

Laws and regulations of direct significance in the context of the charitable company include The Companies Act 2006, and guidance issued by the Charity Commission for England and Wales .

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate

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INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

==> picture [139 x 30] intentionally omitted <==

Claire Wills (Senior Statutory Auditor) for and on behalf of Saffery LLP

71 Queen Victoria Street Chartered London Accountants EC4V 4BE Statutory Auditors

Date:

==> picture [84 x 20] intentionally omitted <==

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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mothers2mothers (UK) Limited

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income and endowments from:
Donations & legacies:
Donations
2
Grants
2
Charitable activities
-
Other trading activities:
Events
3
Total
Expenditure on:
Charitable activities:
Policy, advocacy & outreach
5
Programmes (incl. grant funding & supporting m2mSA)
5
Fundraising activities:
Raising funds, incl. other trading activities
4
Total
6
Net incoming resources (resources expended)
Transfers between funds
Net income/(expenditure) before other
recognised gains/(losses)
Foreign exchange gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14/15		 Unrestricted
Restricted
Total
Total
2023
2022
£’s
£’s
£’s
£’s
259,810
- 259,810 273,251
476,435 2,869,939 3,346,374 3,336,422
- - - -
714,133
- 714,133 230,163
1,450,378 2,869,939 4,320,317 3,839,836
213,626 - 213,626
149,840
281,438 2,155,866 2,437,304
2,617,713
1,331,359 - 1,331,359
836,062
1,826,423 2,155,866 3,982,289 3,603,615
(376,045)
714,073 338,028 236,221
-
-
(376,045) 714,073 338,028 236,221
1,961
1,961 (8,795)
(374,084) 714,073 339,989 227,426
824,815 1,334,866 2,159,681 1,932,255
450,731 2,048,939 2,499,670 2,159,681

There were no other gains and losses during the year other than those included within the statement of financial activities. All activities relate to continuing operations.

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mothers2mothers (UK) Limited

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Fixed Asset
Investments
9
Tangible assets
10
Total fixed assets
Current assets
Debtors
11
Cash at bank and in hand
Total current assets
Liabilities
Creditors:
Amounts falling due within one year
12
Net liabilities
Net current assets
Total net assets or liabilities
The funds of the charity
Restricted income funds
14
Unrestricted funds
15
Share Capital
20
Total funds		 2023
2022
£’s
£’s
1 1
13,167 10,278
13,168 10,279
492,478 532,930
2,353,955 1,893,879
2,846,433 2,426,809
(359,921) (277,407)
(359,921) (277,407)
2,486,512 2,149,402
2,499,680 2,159,681
2,048,939 1,334,866
450,731 824,815
10
2,499,680 2,159,681

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mothers2mothers (UK) Limited

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023

The financial statements on pages 27 to 28 have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

These accounts were approved by the Board on

Jul 14, 2024 ………………………………… Afua Basoah Chair of Trustees The notes on pages 31 to 47 form part of these accounts. Company number 5981078

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mothers2mothers (UK) Limited

CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Notes 2023 2023 2022 2022
£'s £'s £'s £'s
Cash flows from operating activities:
Net cash (used in)/provided by operating activities 17 449,623 104,236
Cash flows from investing activities 8,491 -
Cash flows from financing activities - -
Change in cash and cash equivalents in the reporting period 458,114 104,236
Cash and cash equivalents at the beginning of the reporting period 1,893,879 1,798,438
Change in cash and cash equivalents due to exchange rate movements 1,961 (8,795)
Cash and cash equivalents at the end of the reporting period 19 2,353,955 1,893,879

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mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

1.1 Basis of accounting

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Charity Commission Statement of Recommended Practice - Accounting and Reporting by provisions of 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 (second edition).

The Trustees confirm that the Charity is a public benefit entity.

1.2 Going Concern Policy

The financial statements have been prepared on the going concern basis. The Charity has taken the relevant steps to ensure that they remain financially viable in these uncertain times.

1.3 Incoming resources

Voluntary income is recognised where there is entitlement, certainty of receipt, and where the amount can be measured with sufficient reliability.

Income generated from fundraising events and investment income is recognised when earned.

Grants are recognised in full in the statement of financial activities in the year in which they are receivable.

Donated goods or services received are included in the Statement of Financial Activities as both income and expenditure at a value estimated by the Trustees based on open market value.

1.4 Resources expended

Liabilities are recognised as expenditures as soon as there is a legal or constructive obligation committing m2mUK to the expenditure. All expenditures are accounted for on an accruals basis and have been classified under headings that aggregate all costs related to the category.

Grants payable are payments made to m2mSA in furtherance of m2mUK's charitable objectives. Grants are accounted for when either the recipient has a reasonable expectation that they will receive the grant and the Trustees have agreed to pay the grant without condition or the recipient has a reasonable expectation that they will

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mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

receive a grant and the condition attaching to the grant is outside the control of the Trustees.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1.4.1 Expenditure on fundraising activities

These relate to those specific costs incurred in fundraising, including organising and staging fundraising events and seeking voluntary contributions, together with attributable support costs.

1.4.2 Expenditure on charitable activities

m2mUK makes grants as noted above in 1.4 and these, along with the direct costs associated with supporting m2mSA, are allocated to the charitable activity as incurred.

Support costs are the indirect costs of carrying out an activity and are allocated on the basis of spend on the activity during the year.

1.4.3 Governance

This represents the costs involving public accountability of m2mUK and its compliance with regulation and good practice. These costs include costs related to statutory audit and constitutional requirements together with attributable support costs and have been allocated into appropriate cost categories.

1.5 Funds

General (unrestricted) funds

General funds are donations and other incoming resources receivable or generated for the objects of m2mUK without specified purpose.

Restricted funds

Restricted funds are specifically donated to the Charity where the donor has specified they be used for the benefit of a specific project or a particular administrative cost.

1.6

Tangible fixed assets

The cost of tangible fixed assets is their purchase cost together with any incidental costs of acquisition. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets by equal annual instalments over their expected useful lives. The rate applicable is:

Office equipment 33% straight line

1.7 Fixed asset investments

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

mothers2mothers (UK) Limited

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

1.8 Financial Instruments

Basic financial instruments include debtors and creditors. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their amortised cost.

1.8 Pension scheme

The organisation operates a defined contribution pension scheme.

m2mUK's contribution is restricted to the contributions disclosed in note 8. The costs of the defined contribution scheme are allocated to staff costs and represent the contributions payable by m2mUK during the year. m2mUK has no liability beyond making its contributions and paying across deductions for the employee’s contributions.

1. Accounting policies

Unchanged from the prior year accounts.

2. Donations and legacies

Donations
Grant
Other Income
Gifts & services in kind*		 Unrestricted
income
Restricted
income
2023
2022
£'s
£'s
£'s
£'s
30,300
30,300
273,251
476,435
2,869,939
3,346,374
3,336,422
41,590
41,590
187,920
187,920
-
736,245
2,869,939
3,606,184
3,609,673

*Relates to donated goods and services

3. Income from fundraising events

3.
Income from fundraising events
Fundraising events Unrestricted
income
Restricted
income
2023
2022
£'s
£'s
£'s
£'s
714,133
714,133
230,163
714,133
-
714,133
230,163

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Expenditure on fundraising activities

Fundraising costs
Events & marketing costs
Gifts & services in kind		 Unrestricted
expenditure
Restricted
expenditure
2023
2022
£'s
£'s
£'s
£'s
857,441
857,441
808,517
323,998
323,998
27,545
149,920
149,920
-
1,331,359
-
1,331,359
836,062

5. Expenditure on charitable activities

Expenditure on charitable activities includes costs associated with policy, advocacy and outreach, and programme costs, including grant funding and supporting m2mSA as follows:

Policy, advocacy & outreach
Programmes (incl. grant funding & supporting m2mSA)		 Unrestricted
expenditure
Restricted
expenditure
2023
2022
£'s
£'s
£'s
£'s
213,626
213,626
149,840
281,438
2,155,866
2,437,304
2,617,713
495,064
2,155,866
2,650,930
2,767,553

Programme costs, including grant funding and costs associated with supporting m2mSA, are as follows:

Cartier Philanthropy
Como Foundation
Denise Coates Foundation
Gucci
LGT
Norton Fulbright
Porticus Africa Ltd
Roche Foundation
SNF
Swarovski Foundation
ViiV Healthcare
Vitol Foundation
Gilead
mothers2mothers SA		 Unrestricted
expenditure
Restricted
expenditure
2023
2022
£'s
£'s
£'s
£'s
-
36,159
36,159
468,337
-
7,794
7,794
41,211
-
390,219
390,219
260,623
-
-
-
144,155
-
759,190
759,190
729,434
-
-
106,923
-
-
-
117,395
82,852
82,852
-
-
-
39,543
-
10,197
10,197
319,995
705,372
705,372
90,842
164,083
164,083
-
56,986
281,438
281,438
242,269
281,438
2,155,866
2,437,304
2,617,713

Page 34

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Total expenditure

Audit fees
Bank & similar charges
Consultancy
Equipment
Gifts in kind
Legal & professional fees
Events & marketing
Memberships and subscriptions
Office supplies & other
Office staff related costs
Grants & donations to m2mSA		 Raising
funds
Policy,
advocacy &
outreach
Programmes
(incl. grant
funding &
supporting
m2mSA)
Support
costs
allocation
£'s
£'s
£'s
£'s
28,292
4,190
91
56,526
1,475
187,920
13
323,998
14,741
13,480
62,806
2,179,886		 Raising
funds
Policy,
advocacy &
outreach
Programmes
(incl. grant
funding &
supporting
m2mSA)
Support
costs
allocation
£'s
£'s
£'s
£'s
28,292
4,190
91
56,526
1,475
187,920
13
323,998
14,741
13,480
62,806
2,179,886		 Total 2023
Total 2022
£'s
£'s
28,292
20,142
4,281
3,523
56,526
48,182
1,475
4,135
187,920
-
13
13
323,998
27,545
14,741
11,316
13,480
15,328
62,806
73,933
2,179,886
2,470,711
Premises related costs 84,369 84,369
74,518
Staff costs
Travel & related costs
Support costs allocation		 574,845
173,422
69,183
115,199
64,879
23,714
3,260
102,772
16,491
188,144
(307,406)		 932,649
772,606
91,853
81,664
-
-
1,331,359
213,627
2,437,303
-		 3,982,289
3,603,615
2022
£'s
16,785
-
2,093
2023
£'s
Total resources expended are stated after charging:
Auditor's remuneration (excl. VAT) 19,500
Under-provision for a prior year 4,077
Depreciation 6,348

7. Staff costs

Salaries and wages
Social security costs
Other pension costs
less realloalocation of costs to:
m2m SA
m2m US		 2023
2022
£'s
£'s
1,225,474
907,413
111,138
99,775
19,938
16,780
103,813
53,165
320,088
198,197
932,649
772,606

Page 35

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Employees
The average number of employees, analysed by function was:
Charitable activities
Raising funds
Support and administration		 2023
2022
2
2
10
10
5
5
17
17

Members of the Board did not receive any remuneration or benefits in kind during the period. Costs incurred by the Board travelling on charity business and reimbursed to them amounted to £1,126 (2022:£700).

Total donations received from £60,075 Members of the Board in 2023 were £ (2022: £301,630). Total remuneration of key management personnel in the period was £401,170 (2022: £451,518).

Total remuneration of key management personnel in the period was £334,594 (2022: £451,518).

8. Pension arrangements

In line with statutory government legislation pertaining to workplace pensions, mothers2mothers (UK) Limited makes contributions into a workplace pension scheme for qualifying employees. This is a defined contribution pension scheme. The scheme and its assets are held by independent managers. There were 25 employees to whom benefits were accruing under the pension scheme (2022: 17).

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. Investments

==> picture [263 x 240] intentionally omitted <==

----- Start of picture text -----
Total
£'s
Cost
1 January 2023 1
Additions -
-
Disposals
At 31 December 2023 1
1 January 2022 1
Additions -
-
Disposals
At 31 December 2022 1
Net book Value
At 31 December 2023 1
At 31 December 2022 1
----- End of picture text -----

The investment relates to a wholly owned trading company, m2m Europe Enterprises Limited, company number 10043425. Its one share is owned by mothers2mothers (UK) Limited.

In 2023, m2m Europe Enterprises Limited donated its profits, totalling £nil, under Gift Aid, to mothers2mothers (UK) Limited (2022: £nil). The reserves of m2m Europe Enterprises Limited at 31 December 2022 are £1 (2022; £1).

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. Tangible fixed assets

Cost or donated value
1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
1 January 2023
Charge for the year
Disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Equipment
Total
£'s
£'s
15,557
15,557
9,237
9,237
-
-
24,794
24,794
5,279
5,279
6,348
6,348
-
-
11,627
11,627
13,167
13,167
10,278
10,278

11. Debtors

11.
Debtors
Amounts due from mothers2mothers SA
Amounts due from mothers2mothersUS
Amounts due from m2m Europe Enterprises Ltd
Other debtors		 2023
2022
£'s
£'s
98,906
240,222
205,280
198,761
99
99
188,193
93,848
492,478
532,930

Other debtors are made up of grants and pledges receivable, accrued income and other prepayments and are due to be collected in early 2023.

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Creditors: Amounts falling due within one year

12.
Creditors: Amounts falling due within one year
Creditors
PAYE
Pension
Acrrued leave
Amounts due to mothers2mothers SA
Amounts due to mothers2mothers US
Accruals and deferred income		 2023
2022
£'s
£'s
32,458
37,287
42,976
41,501
3,863
4,193
20,159
15,580
225,885
158,344
-
34,580
20,502
359,921
277,407

13. Creditors: Amounts falling due greater than one year

There were no creditors falling due in greater than one year as at 31 December 2023 or 31 December 2022.

14. Restricted income funds

These funds have been set aside for certain projects relating to the terms and conditions of specific grants or contracts. It is anticipated that these funds will be used over the coming months and years as the expenditure for which these funds was received is incurred.

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Balance 1
Jan 2023		 Income **Expenditure ** Transfers
in/out		 Unrealised
gains/losses		 Balance 31
Dec 2023
£'s £'s £'s £'s £'s
Be One PerCent 81 (81) (0)
Cartier Philanthropy (96,531) 75,619 (36,159) (57,071)
Como Foundation 3,135 (7,794) 4,659 (0)
Comic Relief 55,355 (55,355) (0)
Denise Coates Foundation 479,402 500,000 (390,219) 589,184
Gucci 5,845 (5,845) 0
LGT 537,233 800,950 (759,190) 578,993
Norton Fulbright 26 (26) (0)
Porticus Africa (743) 743 -
Roche Foundation 104,935 260,158 (82,852) 282,241
Stavros Niarchos Foundation 4,724 (4,724) 0
Swarovski Foundation 1,823 8,374 (10,197) -
ViiV Healthcare 163,774 710,230 (705,372) 168,632
Vitol Foundation 145,044 (164,083) 13,804 (5,235)
Gilead (56,986) 56,986 (0)
GlaxoSmithKline Pharmaceuticals 500,000 500,000
Merck 14,608 14,608
mothers2mothers SA (12,250) (10,161) (22,411)
1,334,866 2,869,939 (2,155,866) 2,048,939
Balance 1
Jan 2022		 Income **Expenditure ** Transfers
in/out		 Unrealised
gains/losses		 Balance 31
Dec 2022
£'s £'s £'s £'s £'s
Be One PerCent 81 81
Cartier Philanthropy 32,325 339,481 (468,337) (96,531)
Como Foundation 1,407 42,939 (41,211) 3,135
Comic Relief* 55,355 55,355
Denise Coates Foundation 240,025 500,000 (260,623) 479,402
Gucci 150,000 (144,155) 5,845
LGT 374,142 892,525 (729,434) 537,233
Norton Fulbright 26 - - 26
Porticus Africa 48,911 57,268 (106,923) (743)
Roche Foundation 120,862 101,468 (117,395) 104,935
Stavros Niarchos Foundation 4,724 4,724
Swarovski Foundation 20,750 20,616 (39,543) 1,823
Viiv Healthcare 153,531 330,238 (319,995) 163,774
Vitol Foundation 150,989 84,898 (90,842) 145,044
Gilead (56,986) (56,986)
mothers2mothers SA (3,546) (8,795) (12,250)
1,203,128 2,519,433 (2,378,900) (8,795) 1,334,866

Page 40

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Unrestricted funds

These funds represent all other funds that are not specifically restricted, as discussed in note 15.

Balance 1 Jan
2023
£'s
Incomings
Outgoings
Transfers
in/out
Balance 31 Dec
2023
£'s
£'s
£'s
£'s
General funds
824,815
824,815		 1,450,378
(1,824,462)
-
450,731
1,450,378
(1,824,462)
-
450,731
Balance 1 Jan
2022
£'s
General funds
729,127
729,127
Incomings
Outgoings
Transfers
in/out
Balance 31 Dec
2022
£'s
£'s
£'s
£'s
1,320,403
(1,224,715)
-
824,815
1,320,403
(1,224,715)
-
824,815

16. Analysis of assets funds

2023
Fixed Assets
Current Assets
Current Liabilities
2022
Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Restricted
2023 Total
Funds
£'s
£'s
£'s
13,168
-
13,168
797,493
2,048,940
2,846,433
(134,037)
(225,884)
(359,921)
676,624
1,823,056
2,499,680
Unrestricted
Restricted
2022 Total
Funds
£'s
£'s
£'s
10,279
10,279
931,594
1,495,215
2,426,809
(117,058)
(160,349)
(277,407)
824,815
1,334,866
2,159,681

Page 41

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Reconciliation of net income to net cash from operating activities

Net income for the reporting period (as per the
statement of financial activities)
Fixed Asset Addition
Depreciation
Interest
(Increase)/ decrease in debtors
(Decrease)/ increase in creditors
Net cash (outflow)/ inflow from operating activity		 2023
2022
£'s
£'s
338,028
236,221
(9,237)
(10,856)
6,348
1,776
(8,491)
-
40,452
(87,976)
82,523
(34,929)
449,623
104,236

18. Analysis of changes in net (debt)/cash

Net (debt)/ cash in the year
Net (debt)/ cash at the beginning of the year
Net (debt)/ cash at the end of theyear		 2023
2022
£'s
£'s
458,115
104,236
1,895,840
1,789,643
2,353,955
1,893,879

19. Analysis of cash and cash equivalents

19.
Analysis of cash and cash equivalents
Cash on hand
Cash at bank		 2023
2022
£'s
£'s
741
1,058
2,353,214
1,892,821
2,353,955
1,893,879

20. Related parties

The shares in mothers2mothers (UK) Limited are held upon trust for the Trustees through a Trust deed signed on 13 August 2013.

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Amounts due to other entities within the mothers2mothers family at the year-end are included in note 12 of these financial statements. Amounts due from m2mSA are included in note 11. The total amount awarded from m2mUK to m2mSA during the year in sub-awards, grants and donations amounted to £2,155,866 (2022: £2,375,444). The total charitable expenditure relating to programme, grant and other costs associated with supporting m2mSA, including an allocation of governance costs, in 2023 is £2,437,304 (2022: £2,617,713) and is included in note 5 to these financial statements. The total amount due from m2mUS to m2mUK is £205,280 (2022: £198,761).

m2m Europe Enterprises Limited, company number 10043425, is a wholly owned trading company of mothers2mothers (UK) Limited. In 2023, m2m Europe Enterprises Limited donated its profits, totalling £nil, under Gift Aid, to mothers2mothers (UK) Limited (2022: £nil). At 31 December 2023, an amount of £nil was due from m2m Europe Enterprises Limited to mothers2mothers (UK) Limited (2022: £99).

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Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

21. Detailed comparatives for the statement of financial activities

Notes
Income and endowments from:
Donations & legacies:
Donations
2
Grants
2
Charitable activities
-
Other trading activities:
Events
3
Total
Expenditure on:
Charitable activities:
Policy, advocacy & outreach
5
Programmes (incl. grant funding & supporting m2mSA)
5
Fundraising activities:
Raising funds, incl. other trading activities
4
Total
6
Net incoming resources (resources expended)
Transfers between funds
Net income/(expendirture) before other
recognised gains/(loses)
Foreign exchange gains/(loses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14/15		 Notes
Income and endowments from:
Donations & legacies:
Donations
2
Grants
2
Charitable activities
-
Other trading activities:
Events
3
Total
Expenditure on:
Charitable activities:
Policy, advocacy & outreach
5
Programmes (incl. grant funding & supporting m2mSA)
5
Fundraising activities:
Raising funds, incl. other trading activities
4
Total
6
Net incoming resources (resources expended)
Transfers between funds
Net income/(expendirture) before other
recognised gains/(loses)
Foreign exchange gains/(loses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14/15		 Unrestricted
Restricted
Total
Total
2022
2021
£’s
£’s
£’s
£’s
273,251
- 273,251
374,121
816,989
2,519,433
3,336,422
2,452,370
-
-
-
-
230,163
- 230,163
1,117,510		 Unrestricted
Restricted
Total
Total
2022
2021
£’s
£’s
£’s
£’s
273,251
- 273,251
374,121
816,989
2,519,433
3,336,422
2,452,370
-
-
-
-
230,163
- 230,163
1,117,510		 Unrestricted
Restricted
Total
Total
2022
2021
£’s
£’s
£’s
£’s
273,251
- 273,251
374,121
816,989
2,519,433
3,336,422
2,452,370
-
-
-
-
230,163
- 230,163
1,117,510
1,320,403
2,519,433
3,839,836
3,944,001
149,840
-
149,840
96,887
238,813
2,378,900
2,617,713
2,795,286
836,062
-
836,062
1,048,052
1,224,715
2,378,900
3,603,615
3,940,225
95,688
140,533
236,221
3,776
-
-
-
-
95,688
140,533
236,221
3,776
(8,795)
(8,795)
95,688
131,738
227,426
3,776
729,127
1,203,128
1,932,255
1,928,479
824,815
1,334,866
2,159,681
1,932,255
Donations and legacies
Donations
Grant
Gifts & services in kind*		 Unrestricted
income
£'s
273,251
816,989
-		 Restricted
income
£'s
-
2,519,433		 2022
2021
£'s
£'s
273,251
251,259
3,336,422
2,452,370
-
122,862
1,090,240 2,519,433 3,609,673
2,826,491
Donations and legacies
Unrestricted
income		 Restricted
income		 2022 2021
£'s £'s £'s £'s
Donations 273,251 - 273,251 251,259
Grant 816,989 2,519,433 3,336,422 2,452,370
Gifts & services in kind* - - 122,862
1,090,240 2,519,433 3,609,673 2,826,491

Page 44

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Income from fundraising events

Income from fundraising events
Fundraising events Unrestricted
income
£'s
230,163		 Restricted
income
£'s
-		 2022
2021
£'s
£'s
230,163
1,117,510
230,163 - 230,163
1,117,510

Expenditure on charitable activities

Expenditure on charitable activities included costs associated with Policy, Advocacy, Outreach, and Programme costs, including grant funding and supporting m2mSA, as follows:

Unrestricted
expenditure
£'s
Policy, advocacy & outreach
149,840
Programmes (incl. grant funding & suppo
238,813
388,653		 Unrestricted
expenditure
£'s
Policy, advocacy & outreach
149,840
Programmes (incl. grant funding & suppo
238,813
388,653		 Restricted
expenditure
£'s
-
2,378,900		 2022
2021
£'s
£'s
149,840
96,887
2,617,713
2,795,286
388,653 2,378,900 2,767,553
2,892,174

* Total expenditure on charitable activities relating to 2021 was unrestricted.

Programme expenditure, including grant funding and costs associated with supporting m2mSA, were as follows:

Be One PerCent
Cartier Philanthropy
Como Foundation
Comic Relief
Denise Coates Foundation
Gucci
LGT
MAC AIDS Foundation
Norton Fulbright
Porticus Africa Ltd
Roche Foundation
SNF
Swarovski Foundation
ViiV Healthcare
Gilead
mothers2mothers SA		 Unrestricted
expenditure
£'s
-
-
-
-
-
-
-
-
-
-
-
-
-
238,813		 Restricted
expenditure
£'s
-
468,337
41,211
-
260,623
144,155
729,434
-
106,923
117,395
-
39,543
319,995
90,842
56,986
3,456		 2022
£'s
-
468,337
41,211
-
260,623
144,155
729,434
-
106,923
117,395
-
39,543
319,995
90,842
56,986
242,269
2,617,713		 2021
£'s
3,691
429,059
42,806
323,656
236,197
173,454
829,518
-
4,974
102,710
18,329
137,259
37,807
61,438
-
394,388
238,813 2,378,900 2,795,286

*Costs associated with m2mSA included donations made to m2mSA, costs associated with seconded staff, and other costs associated with supporting m2mSA, including an allocation of support costs.

Page 45

Docusign Envelope ID: 85577673-F6AA-40BB-8378-1F3AEC811452

mothers2mothers (UK) Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Total expenditure

Audit fees
Bank & similar charges
Consultancy
Equipment
Gifts in kind
Legal & professional fees
Events & marketing
Memberships and subscriptions
Office supplies & other
Office staff related costs
Grants & donations to m2mSA
Premises related costs
Staff costs (note 8)
Travel & related costs
Support costs allocation		 Raising funds
£'s
-
3,429
48,182
-
-
13
27,545
10,776
228
52,485
-
-
384,609
62,764
246,033		 Policy,
advocacy &
outreach
£'s
-
-
-
-
-
-
-
-
-
10,800
-
-
91,902
3,044
44,094		 Programmes
(incl. grant
funding &
supporting
Support costs
allocation
£'s
£'s
-
20,142
-
94
-
-
-
4,135
-
-
-
-
-
-
-
540
-
15,100
-
10,648
2,470,711
-
-
74,518
76,725
219,370
-
15,857
70,277
(360,404)		 Total 2022
£'s
20,142
3,523
48,182
4,135
-
13
27,545
11,316
15,328
73,933
2,470,711
74,518
772,606
81,664
-		 Total 2021
£'s
15,120
7,769
47,440
318
122,862
1,849
127,478
11,205
6,471
33,867
2,597,960
74,671
884,766
8,451
-
836,062 149,840 2,617,713
-		 3,603,615 3,940,226

Page 46