Charity Number: 1120932 Company Number: 06317689 ' NETWORK FOR AFRICA Network for Africa Annual Report and Financial Statements for the year ended 31st December 2025 NEfwoRK FOR AFRIC4 TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their report and the audited finanoal statements for the year ended 31 Decèmber 2025. The financial statements have been prepared in actordance with the accounting poliaes set out in note I to the financial Statements and comply wtth the charitable cotnpanW5 governing document the companies Art 2006 ané -Accounting and Reporbng by Charitie5.' Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettlve January 20191- Objectives and activitie5 Networkfor Africa supports survivors of confiict and genocide- and theirfamiliès- in sub-saharan Africa communities left behind when the fighting ends and the humanitarian aid moves on. We listen first. Communities tell us what they need. We then train local leaders to identify the most vulnerable, so our support 15 targeted, trusted and larting. Working through long-term partnerships with local NGOS, we deliver mental health seNices that address the deep psychological scars of trauma- the invisible barriers that so often block recovery. We also help people build livelihoods, breaking the cycle of mental illness and poverty. We currently have mental health projects tn Burundi, Rwanda. Sierra Leone and Uganda. The trustees of the charlty have given due regard and adhere to the Charity Commi55ion'5 guidance in public benefit. Summary and review of 2025 Acros5 5ub-Saharan Africa. countless people live wth the invislble scars of war and genocide. At Network for Afvica, we believe that no one should have to face the psychologTcal aftermath of violence alone. In post-conflirt regions like Burundi. Rwanda, Sierra Leone and northern Uganda, the mental toll of war lingers for years- often untreated and unspoken. An estimated one in five people in these areas livÈs with anxiety. depression. PTSD or psychosis. In many remote communities. mental health care is virtually non-existent-. with few trainèd professionals, deep st¢gma and no support structures. Research consistently shows that post-conflict gocreties fra￿ higher rates of povertyforyears after peace- which in turn makes recovery harder still. Untreated, these conditions strip peoplè of their Bbilityto work. care for their families or take part in daily life. Without timely, culturally sensitive support, communitie5 are left behind in a cycle that is entirely preventable. 1,687 1,024 5,501N An estimated 10,000 family member5 who also I￿nefIted ople with mental illness or e￿lePSY directly supported kwpletrained in setting up small busine55es people reached through awareness and stigma campaigns These figures Span ourfour country programmes in Bunjndi, Rwanda, Sierra Leone and Uganda. NEfwoRK FOR AFRICA TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THEYEAR ENDED 31 DECEMBER 2025 How we work Network for Africa's model is simple but powerful.. communtty-based mentsl health support, combined with practical tools for ecorkomic recovery. This approach suc￿ed5 because it 15 rooted in local knowledge, trust and community Dwnership. Partnerlng with local NGOS Our local partners design and deliver seN¢ces that are affordable, culturally approprlate and genuinely trusted by the communitiesthey serve. We are not parachuting in- we are working alongside people who live there. Training community mental health workers We equip local comTnunity members and health worker5 to reccgnise the symptoms of mentrl illne55, offer emotional and practical 5UPPOrt. refer serious cases to clinicians and challenge Stigma fr(xn within their own communities. Linking mental health with livelihoods As individuals stabilise, our partners help them build small businesses and incomtrgenerating activities- laying the foundations for long-term resilience and ifidependen￿. Recovery 15 notjust psychological,. it is economic too. Our model works because it is.. Locally driven- grounded in deep IcKal knO￿edge. so interventlons are relevant and accepted. Sustainable- building lasting capacity in communttièS to provide ongoing care beyond our direct involvement Integrated- addressing both psycholoEical and economic recovery together, breaking the cycle of poverty and mental Evidence-infornied- refined over 16 year5 of learning from what works- and what does not. NEfwoRK FOR AFRICA TRUSTEES, REPORT (INCLUDING DIRE￿oRs. REPORT) FOR THEYEAR ENDED 31 DECEMBER 2025 Our pro8ramme5 in 2025 Burundi Burundi is one of the world'5 poorest countries, raRking 187 out of 193 on the UNDP'S Human Development Index. Decades of violence, combined with ertreme weather events. have left a profound legacy of mental health need5- yet trained support is almost non-existent. Burundians continue to uncover unmarked mass graves from recent history, and enfOr￿d disappearances continue, making many reluctant to name the source of their distre55. Network for Africa partners with a local volunteer-run organisation in Bujumbura provlding emotional and practtcal support. monitoring traumatic events and conducting advocacy with trusted partner5. 24 people completed our 5-day training course in basictrauma counselling- thè second cohortthat we have trained Burundi, following the success of ovrfir5ttrip in 2024. The training was de11vè￿d byvolunteer psychol(YdiSt Shelly Evans PhD LPC. with whom Network for Africa ha5 a long-standing partnership, and drew participènts from a cross-settion of professions- journalists. teachers, medical professionals, coun5ellors and students- selected fortheir ability to pèss the learning on to other& A survey before and after showed a signtficant improvement in participants, ability to recognise the symptoms of trauma and respond to them. After completing the tr(Jumo counselling tmAnAng, oneporticAP(Jntusedgroundino techniques to supporta colleogue who was hoving rl ponic uttack. She guided her through slowbreothing und helped herfocus on what wos omund her, which colmedher within minutes. She then explained tmumu responses ond reossured herthot whut5he was experiencin9 Wtys understondoble. The colleague lotersoid thotshe was thefNrrtperson who hod listened without judgement. Training participant, Bujumbura, September 2025 We also conducted a follow-up workshop with those who had been trained in 2024. and thi5 showed encouragi￿ progres5. Many are already using their ski115 to support individuals, families and communities. often in place5 where there is little or no formal mèntal health provts%on. Participants spoke not only of the help they were giving to others, but also of improved personal wellbeing and stronger trust from community members. Atthe same time, the follow-up made clear that further training, supeTVi5ion and practical support are needed if thls work is to deepen and expand. We are co-developing a costed proposal wth our Burundian partner. with the aims of strengthening their organisation and developing a pÈÈr 5UPPOrt counselling and livelihoods programme in Burtjndi. This would build on the existing cohorts of trained peer counsellors, provide further training and supervision. and cover Bujumbura as well as three rural provinces. In 2026, we plan to train a new cohort of 20 people and provide furthei refreshertrainingfor the 2024 and 2025 Eroups. ThaTrk5- We would like to thank David Gye for 5UPPOrting our Burundi programme NEfwoRK FOR AFRICA TRUSTEES, REPORT (INCLUDING DIRE￿oR5, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Rwanda We partner wth Survivors Fund ISURFI in Rwanda. where the legacy of the 1994 Genocide against the Tutsi continues to affect mental health acr055 generations. Studies estimate that 27.9% of genocide survTvors live with post-traumatic stress disorder, compared to 3.6% of the general population. There is also growing eviden￿ of rnheritsd trauma amongthose born Sin￿ the genocide. 2025 highlights 276 survivors joined 12 peer-support groups, with 264 5e$5ion5 led by 24 trained peer support counsellors. Threè of these peèr-support groups were for older survivors. Survivors re￿iVed 830 one-to-one coun5elling se55i0ns betweers them, and 82 home vistts were made to support families. 607 young people received mental health educatioTr in schools. All 276 parbcipants re￿iVed business training,. 94 started bu5ine55es", 40 received loans- 29 found employment. Reports of dep￿sSIon fell from 100% to 51%, while suiadal thoughts fell from 87% to 3% over the year. 56 community projects- from home repairs to agricultural support- were carried out by programme participants. SURF'S peer counselling prtsgraTnme support5 a new cohort of survivors each year to address their post-traumatic stress disorder through structured, safe group counselling sessions. In January 2025, 276 survivors1195 women. 81 men) from Huyè and Rwamagana districts We￿ enrolled, fomiing 12 groups and elecling 24 peer support counsellors to lead their fortnighdy sessions. Following the successful pilot of a peer support group for older survwors in 2024, in 2025 three more groups were formed specifically for older people. This not only helps an often-overlooked group of survivors, but also helps their families and households, many of whom are younger survivors of the Genocide. M is 0 36-year-old motheroffour. Slre survived the GenocAde ugainst the futsi 0$ a young child, losing herfvmily ot the cge of six rJndgrowAng tJp orphanages. In lateryears, unresolved traumt7 resurfoced ond disruptedheredtscotion. relationships ond doily life. She becarrRe increastinglyisoluted. depressedond unable to sleep. Through counsellin9, M wos t7ble toface herpGSt, grievefor herfomily and recognise herown strengths. Sh8developed heolthier wuy5 of coplng. leamt to manoge confiACtmore effertively. und graduolly rebuiltherconfidence. She ht7$ since storteda smoll bonono-selling btssiness orJdre¢onnected with otherpeople in hercommunity. Hersituotion is nowfor more stable. und she is better oble to supportherchlldren undplonfor thefuture. Aprll 2025 marked the 31st anniversary of the Genocide against theTutsi in Rwanda- 3 period that triEgered trauma episodes for 36 participants in our prcgramme. All recovered through counselling. SURF carried out awarene55 raising in secondary schools ahead of the commemoration to prepare ￿0nd-generatIOn siJNivors and signpost available supporL Livelihoods For young genocide survivors. entrepreneurship offers more than an income- it restores dignity and 5elf-worth. In 2025. all 276 peer group membèrs rÈceived business and finanoal literacy trainin& bringing the totsl trained since 2022 to 989. Of these. 94 started businesses, 40 received loans lof which S have already fu51y repaid them), and 29 found employment. Some of the ventures set up include transporting goods by bicycle, tailoring, selling animals and ￿pairing mobile phones. To ensure sustainabilty and support successful loan repayment, SURF'S Business Development Officer conducts regular field visits to participants, workplaces. These visits provide opportunitiesto discuss challenges. offer tailored busine55 advice, and support effertive problem-solving. Th3nLng with funders Loss of Networkfor Africa stsff Small team means any departure risk5 significant knowledge loss. H￿h Ur&novm Consyltancy cover,. flexible working.. succe55ion planning Safeguèrdlng inddent AnyincTdent would be deeply damagingto partnets and NetworkforAfrica. Monthly checks-annual wlicy rewew; rtnertraining Medium NEfwoRK FOR AFRICA TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THEYEAR ENDED 31 DECEMBER 2025 Plans for 2026 Programmes Burundi.. Train a new cohort of 20 people in peer-to-peer trauma counsellin& provide refresher training for the 2024 and 2025 groups. and develop and fundraise for a peer support counselling programme in partnership with our local partner. Rwanda.. Continue supporting SURF'5 peer coun5elling and entrepreneurship programmes- secure longer-term funding to expand: increase the loan guarantee fund. Uganda.. Support BNUU on the path to ftjll independence through fundraising supporL cotnrnunication5 development and strategic capaaty building.- develop and implèment a peer support programme focussed on women returnees from the LRAwar. Sierra Leone= Support Network for Salone's mental health programme and self-help groLtps,. develop its webslte, assist with further fundraising sUPPOrt. General Explore alternative fundraising opportunities, such as torporate fundraising. Develop internatlonal partners. online presènce and visibility. Continue strategic partnerships ¥Mth other NGOS to enable consortium bids and shared learning. Continue to implement Network for Africa's 3-year Strategic Plan1202>20271. io NETWORK FOR AFRICA TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Strurture, governance and management N4A is registered as a company Ilmited by Euarantee Iwithout share ¢apitall no. 06317689 and a registered charity no. 1120932. Its governing instrument is its memorandum and arkndes of association. The directors are the members of the company and each member, during his or her membership or within one year aften￿ards. undertakes to contribute a sum not ex￿edIng £1 to the assets of the company In the event of it being wound up. Trustees New trustees are appointed as required and receive comprehensive induction on the attivities of the charity. We carry out an annual audlt of trustee skillsto ensure that we have the required knovledge on the board. We have a strategy for recrurtKng future tnkstees from the countries in which we worl andlor with lived experien￿ of the issue5 we exist to address. Thè trustees have assessed the major risks to which the charity is exposed, and are sat15fied that systems a￿ in pla￿ to mitigate exposure to thè major risks. The followingtnjstees seTved during 2025.. Davld Russell (Chalrl - Founder and Director of The Social Enterprise. Fomier Director of Survwor5 Fund ISURFI. 20￿2013. aftd continuing UK Coordinator. Rèbecca fin51ey- Founder of Network for Africa. Freelance journalist. novelist and fomier BBC pditics reporter. Cn included on the charf(able cornpanV5 website. Legislation in the United Kingdom governing the preparation and dissemination of finanaal Statements may differ trom legislation in other jurisdictions. 14 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF NEnVORK FORAFRICA Opinion We have audited the financi31 statèmènts of Nètworkfor Africa (the 'tharitable company'l for the year ended 31 December 2025 which comprise the statement of financial adivities, the balance sheet ar)d the notes to the financial statements, including significant accounting policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stèndards, including FRS 102 The Frnaacial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prartice}- In our opinion. the financial ststements.. give a true and fair VIÈW of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources including its income and expenditure, for the year then ended- have been properly prepared in accord3nce with United Kingdom Generally Accepted Accounting Practi￿. and have been prepared ift accordantè wtth the requirements of the Companles Act 2006. Basis for opinion We condurted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the AuditOTS responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance wth the ethical rèquirements that are relevantto our audit of the financial statements in the UK, iftcluding the FRC'S Ethical Standard, and we have fulfillèd our other ethical responsibilitie5 tn acCOrdark￿ with these requirements. We believethat the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatingto golng concem In auditingthe financial statements, we have concluded that the trustees, use of the goi￿ concern basis of accounting in the preparation of the financial ststements 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 leasttwelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respertto going concern a￿ described in the relevant sections of this report. Gthc.- inforrnation The other information comprises the inforrllation included in the annual report other than the financial statements and our auditor's report thereon. The trustee5 are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our repory we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, irs doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audi¢ or othenhfise appears to be materially misstated. If we identify such rnaterial inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, wè conclLJde that there is a material mi55tatement of this other infomiation. we are required to report that fact. We have nothing to report in thi5 r￿ard. 15 INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEfwoRK FOR AFRICA Oplnions on other matter5 prescribed by the Companies Art 2006 In our opinion. based on the work undertaken in the course of our audit.. the inform3tion given in the trustees, report, which includes the directors, report prèpared for the purposes of company law. for the financial year for which the finanaal statements are prepared is consistent with the financial statements.. and the directors, report induded wlthin the trustees, report has been prepared in accordan￿ with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitsble company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees. report We have nothing to report in respect of the following matters in relation to which the Companies Act 2¢J)6 requires us to report to you if, in our opinion: adequate accounting records have not been kep¢ or rètums adequate for our audit have not been received from branches not visited by us- or the finantial statements are not in agreement ￿th the accounting records and returns- or certain disdosures of trustees, remuneration specified by law are not made- or we have not received all the infomiation and explanations we requirefor our audit; or the trustees were not entitled to p￿pare the financial ststemersts in accordance with the small companies règimè and tske advantage of the small companies, exemptions in preparingthe trustees, report and from the requirement to prepare a stratègic report. Responsibilitiès of trustees As exp5ained more fully in the statement gf trustees, responsibilities, thè trustees Iwho are also the direttors of the charitsble company forthe purpose of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fairviÈw, and f¢x such internal control as the tnjstees detemiine is nece55ary to enable the preparation of financial statements that are free from material mi55tatemen¢ whether due to fraud or error. In preparing the financial statements, the trusteès are responsible for assessing the charitable company's ability to continue as a going concern. disclosln& 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 ￿ase operation5. or have no realistic alternative but to do so. Audtto-,'s-. esponsib-:litles for the ?￿ad[t of the fTnanci,71 entr Our objettives are to obtsin reasonable assurancè 3bout whether the flnanclal statements as a whole are freefrom material misstatemenL whether due to fraud or error, and to Issue an auditor's report that includès our opinion. Reasonable assurance is a high level of assurance but Is not 3 guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material Fni5Statement when it exists. Misststemènts can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be experted to influence the economic deasions of users taken on the basis of these financ*al statements. Irregularities. includingfraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect matèrial misstatements in respeci of irregularities, including fraud. The extent to which our procedure5 are capable of detectinE irregularities, including fraud, is detailed below. Enquiry of management and those charged with governance around actual and potential litigation and claims- Discussion with management whether there have been any known instances, allegations or suspicion5 of fraud. Obtaining an understanding of the legal and regulatory frameworks that are applicable to the charity- RevTewing minutes of meetings of those charged with governance where available- Reviewing financial statement disclosu￿$ and testing to supporting documentation to assess Complian￿ with applicable laws and regulations,. Perforniing audit work over the risk of management override of controls, including testing of joumal entries and other adjustments for appropriateness, evèluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. 16 INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRusfEES OF NETWORK FOR AFRICA Because of the inherent limitations of an audit, there is a risk that we wlll not detect all irregularities. includinE those leading to a material mi5Statement in the financial statements or non-compliance with regulation. This risk increases the more that compliancè with a13w or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of inst3nces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery. collusion. omission or misrepresentation. The primary responsibilityfor the prevention and detection of ir￿g￿lar￿leS inclijdingfraud remains with those charged with governance and with management. A further description of our responsibilities is available on the Financial Reporting Council's website at- https'.// www.frc.o auditorsres onsibilities. This descripb.on forms part of our auditor's reporL Use of our report This report Is made solely to the charitable company's mèmbers, a5 3 body. in accordan￿ with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we might state to the charitable company's membersthose matters we are required to state to them in an auditors. 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 charttable company and the charitable company's members BS a body, for our audit worl for this report or for the opinions we have fomied. Benjamin Hayes BS¢ FCA {Senior Statutory Auditor) For and on behalf ofwenn Townsend Chartered Accountants and Ststutory Auditor H¥&* 25th June .. 2026 17 N￿oRK FOR AFRICA STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Notes Income from: Grants and donations Interest receivable 262.726 337 139,100 401,826 337 157,799 261 220.130 377.929 261 Total income 263.063 139,100 402,163 158,060 220.130 378.190 Expendlture on: Raising futkds Charitable activities 826 202,853 190 1,016 173,311 376,164 2(X) 170,690 261.092 431,782 Total resources expended 203,679 173,501 377,180 170,890 261,452 432,342 Net incom5ng/loutgoingl resources before transfers 59,384 134.4011 24,983 112,8301 141,3221 154,1521 Gross transfers between funds 1.192 11,1921 15,4541 5,454 Net incomel{expendtturel for the year 60.576 135,5931 24.983 118,2841 135,8681 154,1521 Fund balances at l January 2025 49.042 71.258 120,300 67,326 107,126 174,452 Fund balances at 31 D￿ernber 2025 109.618 35,665 145,283 49,042 71,258 120,300 The statement of financial activitiès includes all gains and losses recognised in the year. All income and expenditkjre derive from continuing activities. 18 NEnNoRK FOR AFRICA BAIANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand io 16,437 146,772 32.639 103,451 163,209 136,090 Creditors= amounts falling due withbn one year li 117,9261 115,7901 Net assets 145,283 120,3 Charity funds Restricted funds Unrestritted funds 13 35,665 109,618 71,258 49,042 Total charity funds 145,283 120.300 These financial statements have been prepared in accordance with the provisions appllcable to companies subjettto the small companies regime. The accounts were approved bythe TrLtstees on 25June 2026. D Russell Chair of Board of Trustees Company Registration No. (6317689 The note5 on pages 20 to28 ftym partof these financial statements 19 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIVDED 31 DECEMBER 2025 Accountlng policies Charity infomiation Network for Africa is a private charitable company limited by guarantee incorporated in En￿and and Wales. The registered office is 14 St Mary's St￿et, Stamford. ￿nc01r*shI￿. PE9 2DF. The n*ure of the chariws operatlQn5 and principal activities are induded in the Trustees. Report. 1.1. AtcountÉng convention The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Stsndard applicable in thè Unitèd Kingdom and Republic of Ireland IFRS 1021, the Charities Art 2011. the Companies Art 2(K)6 and UK Generally Accepted Accounting Practice. The financial statements are prepared on 3 going concern basis under the historical c05t convention. modified to include certain items at fairvalue. ThÈ financial ststements are presented in sterling which is the functional currency of the tharity- The significant acc￿nting policies applied in the preparation of these financial statements are set out below. These policies have been conststefttly applied to all years presented unless otherwise stated. L2. Going concem At the time of approving the financial statements, thÈ trustèes have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees, continue to adopt the going concern basis of accounting in preparingthe account5. 1.3. Charitable funds Unrestricted funds are available for use atthe discretion of the trustees in furtherance of their charitable objecbves. Restricted funds are subject to specific conditions imposed b¥ donors a5 to how they may be used. The purposes and use5 of the restrirted funds are set out in the notes to the financial statements. 1.4. Income recognition All incoming resource5 are Included in the Statement of Financial Activitie5 ISOFAI when the charlty is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the 5etdement date in writin& If there are conditions attached to the donation and this requires a level of performance before entidement can be obtained then income is deferred until those conditions are fully met orthe fulfilment of those conditions is within the contr(A of the charity and it 15 probable thatthey will be fulfilled. Donated faciltrties and donated professional services are recognised in income attheir fair value when their economic benefit is probablè, it can be measured reliably and the charity has control over the item. Fair value is detemined on the basis of the value of the gift to the ¢harity- For example. the amount the charity would be wlling to pay in the open market for such faalities and services. A corresponding amount is recognised in expenditu￿. No amount is included in the finanual statements for volunteertlme in line with the SORP. Further detail is given in the Trustees, Annual Report. Investment income is earned through cash balance5 on account and includes ¢Jividend5 and interest which is recogni5ed Using the effertwe interest method. 20 NEn*VORK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 1.5. Expend¥ture recognitlon All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it 15 probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under thefollowing heading5- Costs of raising funds Expenditure on charitsble atbvitie5 Other expenditure Irrecoverable VAT is charged as an expense agalnsrthe activity for which expenditure arose. Grants payable to third parties are within the charitable objettives. Where unconditional Brants are offerèd, this is accrued as soon as the recipient is notified of the grant. a5 thi5 ￿Ve5 rise to a reasonable expectation that the recipient will re￿1ve the grants. Where grants are conditional relating to performance then the grant is only accrued when anv unfulfilled conditions are outside of the control of the charity. 1.6. Support costs allotation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include Offi￿ costs, governance costs. administrative payroll Costs. They are incurred directly in support of expenditure on the objects of the charity and include project man3Eement carried out at Headquarters. Where 5UPPOrt cost5 cannot be direttly attributed to particular headings they have been allocated on a b3515 consistent with use of the resources. Fundraising costs are those incurred in seeknng voluntary contributions and do not Include the wsts of disseminating information in support of the charitable artivities. The analysis of these costs is included in note 7. 1.7. Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call wÉth banks, other short-temi liquid Investments with original maturities of three months or less. and bank ￿erdraft$. Bank overdrafts are shown within borrowngs in current liabilities. 1.8. Finantial instruments The charitable company has elected to apply the prowsion5 of Section 11 'Basic Finanaal Instruments, and Section 12 'Other Financial Instrumentslssues, of FRS 102 to all of its financial instruments. Financial instruments are recogni5ed in the charitsble company's balance sheet when the charltable Company becomes party to the c¢)ntrattual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settte the liability slmult3neously. Busicfinanciol ossets Basic financial assèts, which include debtors and cash and bank balances, are initially measured attran5acknon price including trans3tti<)n costs and are subsequently carried at amortised c05t U5inE the effective interest mèthod unless the arrangement constitutes a financing tran5acbon. where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as ￿CeiVable within one year are not amortised. Buslcfinunclol litsbilities Basic financial liabilities. induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument 15 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. 21 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Debt instruments are subsequently carried at amortised cost. using the effettive interest rate method. Trade Creditors are obligations to pay for goods or seNices that have been acqtJired in the ordinary course of operation5 from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or le5$. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effettive interest method. Derecognltion offinanciol liobillties Financial liabilities are derecognised when the charitsble company's contractual obligations expire or a￿ discharged or cancelled. 1.9. Employee beneflts When employees have ￿nde￿d service to the charity, short-term employee benefits to which the employee5 are entitled are recognised at the undiscounted amounted expected to be paid in exchange for that Set￿￿. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. 1.10. Foreign exthange Transactions denominated in foreign currencies are recorded at the average rate ruling dL¢ring the transartlgn. month of each Monetary a55ets and liabilities denominated in foreign currencies are translatèd into steding at the rates of exchange ruling at the balance sheet date. All differences are included in net outgoing resources. l.11.Tax The charity is an exempt Charity within the meaning of schedule 3 of the Charities Art 2011 and is considered to P355 the tests set out in Paragraph I Schedule 6 Finan￿ Act 2010 and the￿fOre it meets the definition of a charitable company for UK corporation tax purposes. Critical actounting estimates and judgements In the application of the charitsble company's accounting policies, the trustees as the dirertors are required to make judgements, estimates and assumptions about the carrytng 3mour¥t of a55ets and liabilities that are not ￿adIlY apparent from other SoUr￿s. The èstimates and asSOCtated assumptions are based on historical experien￿ and otherfactors that are considered to be relevant. Actual results may differ from these estimate& The estimates and underlyinE a%umptions are reviewed on an ongoing basls. Revlslons to accounting recogni5ed in the period in which the estimate is ￿vISed where the estimates are Revision affects onlythat pÈriod, or in the period of the revision and fijture periods where the revision affects both current and future periods. 22 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS IcoMfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from grdnts and donations UnrÈ5tricted funds 2025 Restritted fvnd5 2025 Total funds 2025 Total funds 2024 Donations and gifts Grants 23,414 239,312 18.040 121,060 41,454 360,372 36.256 341,673 262,726 139,1(JO 401.826 377,929 Interest receivable Unrestrlcted funds 20Z5 Unrestrlcted funds 2024 Interest receivable 337 261 5. Raising funds Unrestritied funds 2025 Restrirted funds 2025 Totsl funds 2025 Total funds 2024 Online facility costs 826 190 1.016 560 6. Charitsble activities 2025 2024 Direct activity costs Share of support costs (see note 71 sha￿ of governance costs Isee notè 71 342,117 28,D47 6.000 393.161 32,921 5,700 376,164 431,782 Analysi5 byfund Unrestricted funds Restricted funds 201853 173.311 170,690 261,092 376,164 431.782 23 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 7. Support costs Basi5 of Allocation Support costs Governance 2025 2024 Accountsncv Office costs Payroll bureau costs Bank Cha￿eS Audit fees Charitable attl￿tIeS Charitable activities Charitsble octivitie5 Charitable actiwties Goveman 23,520 3.773 534 220 23.520 3,773 534 220 6.000 28.526 3,619 460 316 5,7 28,047 34,047 38,621 Analysed between charitsble activities 28,047 34,047 38,621 Trustees None of the trustee5 lor any person5 connected with theml recelved or walved any remuneration, benefits or reimbur5errEent of expenses incurred, from the charitable company duringthe year. Empk)yees Numberof employees The average monthly number of employees and full-time equivalent IFfEI durlngthe yearwas.. 2025 Number 2024 Number Chief executwe officer Staff Employment costs 2025 2024 Wage5 and salaries Social security costs Other pension costs 135,794 5,285 6.829 13L086 8,367 9,636 147,9)8 149,089 Employee costs are allocated to restricted funds on the basis of the per￿ntage of their time spent on each project. There were no employees who received total employee benefits lexduding employer pension contributions) of £60.(m or mo 12024.. none). 24 NETWORK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS (cor￿INUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10. Debtors: amounts falling due wthin oxe year 2025 2024 Other debtors Prepayments and actmed income 3,518 11919 10.211 22,428 16,437 32,639 11. Creditors: amounts falling due wfthin one year 2025 2024 Othertaxation and social security Accruals 3,573 12,217 13,880 17.926 15,790 12. Retirement benefrt schemes Defined contribution schemes The charitable company operates a dèfined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The charge tothe statement of financial act¥vities in rÈspèrt of defined contribution schemes wa5 £6,82912024- £9,636). Costs have been all￿ated between restrirted and unrestricted funds on a percentage of employee time spent. 25 NETWORK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 13. Restritted funds The income funds of the charity include restricted funds comprisinE the following unexpended balances of donations and grants held on trustfor specific purposes: Year ended 31 Detember 2025 Movèmert in fvnds Incoming Resour￿$ expÈnded Balano at I January 2025 Transfers Balance at 31 December 2025 SURF Rwantla Group Counsellin Entrepreneurshtp Childcare Livelihoods Uganda Mental Health Port Loko 29.520 4,000 131,3471 iio,oox)I 11731 11.0001 14,3711 11.6481 45,111 20,147 73.979 31,601 198.9481 133,2061 15,771 16.894 71,258 139.100 1173,5011 11,1921 35.665 Y￿r ended 31 December 2024 Movement in fvnds Incomlng Resources source5 expended Balaft￿ at I January X124 Transfers Balance at 31 December 2024 SURF Rwanda Group Counselling Entrepreneurship Childcare Livellhoods Uganda Mèntal Health Port Loko 34,850 145.1531 18.6751 15,303 4,675 1,000 45.111 20,147 59.448 46.678 147.655 33,625 1149,5011 158.1231 112,4911 120331 107,126 220,130 1261,4521 71,258 SURF Rwanda is a project that addresses post-traum3tic stress disorder. depression and anxiety in young survivors of the Gen(tide against the Tutsl in Rwanda. through counselling. Livelihocmls Uganda is a prO￿ttt0 prowde training and livelihocKls tr) people wth mentsl health conditions. Mental Health Port Loko is a projectthat will improvè mentsl health Se￿Ice5 forvulnerable and disadvantaged people In P(*t Loko in Sierra Leone by developing and 5LlPPOrting existing community structures. All projects are described in more detsil in the Trustees, ReporL 26 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14. Analysls of net assets between funds Year ended 31 December 2025 Unrestricted funds Restritted funds Total funds 2025 Fund bhlances at 31 December 2025 are represented bv.. Net current assets 109,618 35.665 145,283 109,618 35,665 145,283 Year ended 31 Decèmbèr 2024 Unrestrirted funds Restrirted nds Totsl funds 2024 Fund balances at 31 December 2024 are represented by: Net current assets 49,042 71,258 120,3LX) 49,042 71,258 120,300 15. Sta￿5 The company is limited by guarantee and does not have a share capital. The directors are members of the company and each member, during his or her membership or within one year afterward5, undertakes to contribute a sijm not exceeding £1 to the assets of the company in the event of it being wound up. 27 NEfwoRK FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 16. Related partytran5actK)n5 Remuneration of key management yrsonnel 2025 2024 regate compensation 68.241 70.241 TrdnsartÈons v￿th related parties During the yearthe tharitsble company entered into the followingtransacbons with related parties: Trustees land their spouses) donated a totsl of £17,290 tothe charitable company in the year12024= £13,300). Key management personnel, who are not trustees, made no donations tothe charitable company in the year12024.' £7101. Duringtheyear the charltable company entered 1ntothefollowi￿ transactions wtth other related parties: The charitable company re￿EVed donations of E200,(XK)12024'. £IW.O(M)I from the Henry and Rebecca Tinsley Chaiitable Trus¢ charity in which R cfindey is a trusteè. D Russell 55 a consultant at SURF, wsth J Hogwood seThing in an occasional advisory capacity. During the year payments totslling £41,(K)012024- E52.787) were madeto SURFto help fund the SURF Rwanda coun5elling and entrepreneurshTrp projects. 28