Charity No. 1123410 CHAMOS- In Aid of The Children of Venezuela FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHARLES OSEI, Bsc {Hons). Msc. FCIE, MCIPP. AFA ATA CHARITY INDEPENDENT EXAMINER I ACCOUNTANT FLAT 3. 11 ROCHDALE WAY LONDON SE8 4LY
CHAMOS- In Ald of the Chlldren of Venezuela Reglstorod Charity No. 1123410 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Pago Legal and Administrative Detsils 2-8 Report of Trustees 9-10 Independent Examiners report 11 Balance Sheet 12 statement of Financial ActiVeS 13-15 Notes to the Accounts
CHAMOS - In Aid of the Children of Venezuela Registored Charfty No. 1123410 ORGANISATIONAL PROFILE FOR THE YEAR ENDED 31 DECEMBER TRUSTEES Chair Mariana Siblesz de AJ¥arez Andreina Palma GracieLa Muci Maria Antonieta R(xlrvJuez It*ria TorTrs.West REGISTERED OFFICE: Chamos in Aid of the Chlldren of Venezuela Skjane Square 8larNJel BrNJge House Suite 8 London SW1W 8AX BANKERS: HSBC UK 5 Wimbledon Hill Road Wimbkdon London SW19 7NF ACCOUNTANTS: Charfes Osei. Bsc (Hons). MSC, FCIE. AF& ATA, MCIPP Flat 3. 11 Rhdth Way. Deptford London SE8 4LY
chomos ANNUAL FINANCIAL REPORT For the Year Ended 31st December 2025 In the financial year end&J 3111 Drnber 2025, Chamos cwated against a rnaterial tighter exlemal fvnding backdrop. The USAiD funding freeze introduced in January 2025 sharply reduced the Fxrfjl of pital availaNe to the wmler grants ecosystem. and a large number of NGOS redireclwj their fvndrassing efforts toward the same pool of non-USAID donors. Competition intensified. success rates fell, and smaller organisations wrth less capacty to prepare and submit multiple Fyoposals. and wrthout the scale or track re¢ord of larger peers fell the pressure most acuteky. Against that environment. Cham05 was able lo sustain its progrnes through three reinforcing factors". li) a resilient and dNersified (k)nor base; lil) a sucxessful fijndraising event ¢CrganiSed with our Spanish ddegation." and {Ai) a strorvJ opening savings pOsitn of £167,301 carried forward from 2024. Tctyher these allcmied Chamos to continue delivering meaningful impxt for vulnerable children and young people in Venezuela and. for the first time at scale. for Venezuelan mwJrant chiklren setuing into r1 Iprfes abroad. Income Total income for 2025 amounted to £241,793. a decline of 19% Ver$ 20241£300.056). The primary driver of the decrease was a material contr•Aion in Trust and Foundation Ilnstr(utnal} grarrts, whh fell fr(m7 £109.076 in 2024 to £35,352 in 2025 a reduction of 680 year-on-year. reflecting the luced funding availabiltty and heightened competrtitin described atKsve. Income frorn events and from indivKlual and corporate donors held up notably well in this environment. Events and Other was the largesl single income category at£148,323 {61% of totsl incornel, up approximatety 20% versus 2024. Of thks, £142.958 was rawl through our ftagship fundraÈsing event c(>organised with the Spanish Chamos de*ati(x), a Gala Lunch and a global online Silent Au¢tK)n of exclusive iterns and experiences donated to Chamos. Because the event was jointty delivered with our Spanish delegth"on. £18.523 of Ihe gross preedS were transferred to Spain. A series of addilM)nal London-based &tNtties (including a "Canaston" toumament. a second-hand clothing sale arKJ a Chrislmas cekbratK)n) further raised visibilty and conlributed to income and ccthmunty engagement.
chomos Donations from individuals tOtald £40.590( year-on-year vs. £44,217 in 2024}, vthile corporate donations amnted to £17,5281+5% yearwon-year vs. £16.634 in 2024). Combined monetary donations therefore ck6ed the year at £58.118 (24% of total income) a decline of approximatety S% against the 2024 C(bined frJure of £60,851. Coryx)rate grving was broadly maintained through sustsin&J outreach and the effective use of digital lundraising platfonns. Instttutional grants Contribulal £35,352 {15% of total income). compared vllih 36% in 2024. The drop reflects the tighter grants environment rather than a chan9e in our funding pipeline qualty.. several institutional relationships remaii ive and are being re-qualffied for 2026. Of the £241,793 re1Ved, £57,760 124%) was restricted. earmarked for specth¢ programmes. This compares with 49% of income being restrted in 2024, and the change is explained almost entirety by the fall in institutional grants. whth are typicalty restrited. The 2025 restri(aed figure should be reconciled to the detailed restricted-fvnd ledger before submission to the audrf(or. Annual income by Sourco 2025 £241,793 tolal £40,590 £84.255 35%_ -£IT.528 InsMLthon¢tl Grants t35.352 EYrls £64.068 20% The ¢hart below sets the year in a bonger-run (xJnlexL 2024 stands i)ul as a landmark year for Chamos.. instttLrtional grants and events income tx)th grew material, arKI total income mo than doubled versus 2023.
chomos In 2025, institutional granls nonnaltsed dcNmward. but monetary donations and events income broadty held at 2024 levels, leaving Chamos viilh totsl income well at*)ve the pre-2024 baseline. Income Trond by Sourc• 202(>2025 •DoMfjMs • In4ihdiond Eyarts aThJ Oth•r £241.f13
171013
2130.822 £141592 IOPW6 £122W3 £113Z28 £iOPJB5 f723P 2021 2022 2023 2024 2025 Expenditure Total expendiiure for 2025 amounted to £258.850. Charitable project enditUre accounted for the majorty ofspend at £136,13615rA). fundraising and devekpmeniaclivty represented £106,939 (41%). and admin and oVertS made up £15,T15 (VA). The comparativety large fundraising and development line is largety a functsn of the Gala Lunch and Silent Auction, which was our single latgest inc(Jne source in the year. Within fundraising and deveknpment. dirttt event costs totalled £28,101. A further £64,068 relates to in-kind donatKJns r1ved St[fical lor the auction." these are recorded in equal measure as both inG(e and expenditure. to present a faithful picture of the Statement of Financial Activrf(ies and to offset their impact the reported resutt. The remainder relates to communications *ivty. maintaining and enhancing the websrte and la1 channels, and producing printed donor-fau.ng maIals.
chomos 54850 total £¥620 £134136 £42.871 £15.775 6% Charitable programme expenditure Charrtable programme expendrture for 2025 vR$ £136,136, allc¢ed across the three programme pillars as follchvs (figures per the UK Annual statent, with programme shares lied out to the UK Financial Htstory tabl". EducatM)n & OpFy)rtunities'. £67.820 (50% of programme speThJ) Waler & Hygiene: £43,6 {32% of programme spend) Health & Nutritw.. £24,620118% of Fwramme spend) Overview of Charitable Programmes Charitable programmes are pintry develop and funded wf(h the Chamos Spanish Delegation., as a result, it is not ahvays possible to separate tefiarleS belween Chamos UK and Chamos ES. Allhough resour are managed separatety, yoiects are planned and delivered collaborativety, which makes strHX enlty-level di8aggregatn of beneficiaries impractical. Figures betow therefore reflect total pr[aMMe beneficiaries. Education and Opportunities Preparing Young People for a FUre ith Technology expanded t*)Ih basic and advanced programming lessons for 15-1 &year-oids. strerTrgthening digilal sknlls and broadening future employment and training pathways. The prctyect also upJraded a school computer lab with leaming materhqls and improved conn1vy. supportirKJ digÉkl incluwn. A total of 713 bonofi¢iarios completed the programme, 662 children received training in MpUter skills and dlta1 citvzenship. and 51 teachers were trained #i digital tooLs. In 2025. Chamos
chomos delivered this initiatNe across five partner schcols in Venezuda, providing computer labs, that improved sch¢xA infrastructure ar beneffted 2.623 children. Migrant Children Inclusion Programme 2025 marked a signtficant milestone as we expanded our reach and unched a dedicated programme for VeneZuen mKJrant children and young people alapting to a new life. The summer integratn programme provid a transfom)ative experEnce for 34 recently arrfved young people aged 10-16, creating a safe and Supportive communty environment and equipping partKipants wilh I1$tO navigate the emotional challenges of rnr8n. Camp leaders recer1 sla1$t training in psychological SUPF)rt and inlegrydtton, and 24 parents joined ded? sessions tsused on emotional management and coping strateg. Children on the Pitch. Through a partnership with the Real MadrKI Foundation, 31 migrant children and young people accessed football and basketb811 socio-SPOrtS $Chls. The schools provide access to their favourrte sFK)rts within a fun, recreational and educational setbng. helw'ng partKipants build a sense of beh)nging and SUPF)Orting their integratb)n into their new Crmunities. Further initiatives. In December 2025. Fundacrf Chamos SFrt)nsored 50 Chlldren from vulnerable frdmilies in VenezueEa so take part in the Social Season of La Ll8nada Venezuela". a purwsfrdrpien experien, Ir¥ed in communty, that strethenS their sense of belonging and creates space for the devek)PMnent of key skills for Iheir personal growth. For many of them. rt was their first opportunty to enjoy an educational holiday in a safe environmen( coMpanIj by mentors and volunteers committed to tha'r welkbeing. Water & Hyglene Programmes Tho OASIS Project transfomis sch(M)bs and Vulnerab onmunI.e3 by providing safe drinking vmter. child-designal recreatsThl spaces, and education on water conservation and hygiene. In 2025 the fourth Oasis was cOmplej. and 929 people beneffted frcm improved recreational aw$ and reliabk access to clean vrdter. The water-infrastructure workstream also delivered waterfilters arKI water tanksto partner schools. ensuring access to safe drinking water for students and school personnel Health & Nutrition Prograrnrnes The Nutritional Recovery Programme supp)rts malnourished babies and mothers through ongoing m8Jical care and famity educab'on, improving health (xjlcomes, child development and long-temi nutritional awareness. In 2025, 389 babies. children and motherg suffering from malnutrition were assisted. The Healthy Community Initiative delivered m8Jical and dental care in rural communities with limited access lo health services, abngsKle educational sessions on STDS, oral hygiene,
chnmos heaRhy habrts, nutrttw)n, physical aclivty, chronic disease management, breast cancer prevention, and safe drinking water. A totsl of 1.409 people benefftgj from these outreach activitEs. Transfomiing Lives Through Mobility. We delivered 203 customized pediatric wheelchairs to children wrth complex needs. each designed to improve comfort, safety and independeTr. Ddiveries We complemented ty physiotherapy sessions for chibjren and their families. enharNing children's autoTh)my and partpation in daity life and reducing the physical and emotnal Irden on caregi¥eTr. In 2025, our prc*3rammes reathed 5,047 beneficiaries, contriixrting to our mission to enhance the wellbeing of urKlerprivileged chiklren arKI young peop through sustsinable health and education inrtiatNes. This totsl represents programme participalions and does not correspond to unique individuals, as some beneflarieS were reached through muttiple pn)grammes. Result Incom Expendiwre, 2021-2025 (£) Income • pend lure e150k ty42k rio) 3Q21 22 2U24 2$
chomos In 2025 the organization recorded a net loss of (£17,057}. Supported by the £167.301 savings balan brought forward from 2024. Chamos vms able to absorb this dert and close the year with cumulative net income of £150.245. Yearend Cap[1 furmls were held as £7.709 in the current account. £31.097 in savings, and £111,438 in money-market deposits, giving the charity continued Op*10nal headrTr)m goirNJ into 2026. CaFrftslfvndsat 37 December, 2016-2025 (£) E167k t175lt £IXI¢ 50k £93k £75k £44k 6k E8k JJ16 2017 2018 2019 2(Q4 2D25 Despite a challenging exlemal fijnding environmen( Chamos Suc(slU1 maintsined and in several respects eXparKI rts programmes through a strong and byal donor base, the continued success of the gala luncheon and auction, the launch of our migrant-inclusion workstream, and disciplined cost management The Board's prK)rity for 2026 is to rebuikl institutional-grant income Whi protecting the programme delivery paCty built up over the past years.
CHAklOS- ITr Ald of tho Chlldrgn ofV•n8ZUgla Registered Charity Mo. 1123410 INDEPENDENT EXAMINER'S REPORT ON THE FINAIICIAL STATEMENTS TO THE TRUSTEES OF THE CHAIIOS IN AID OF THE CHILDREN OF VENEZiIELA I r8POrt on the financial statements tsthe ye•r ended 31 Dacember2025 set txrt on pages 11- 15. This report 1$ made solely to the TnJst8es ofThe Br(kr Primary Sth¢x4 Asso¢iabon. as a bcxty, in accordance with regulalKn8 made under $eclion 145 ofthe Charrbes Ad 2011 and Charity SORP lfrssel. My work has been undertaken so that I migm $tsle to the Trustees matters l am requi to stale to them in an IndependeJrt Examinerfs rem and for no othei purwse. To thè lullesl exient eItted by law. I do not accept or assume responsibilty to anyonè otherthan the Charrty and Charivs trustees for my independont examination work. forthis remrt or trthe statement I have given bekm. Resp8ctiv• rnsponslbllltlgs of Trusts and IndondOnt•XamlnOr As charity thjstees, forthe wrposes of ctharity law. are responsible for the preparation of the firwi¢ial 3tstements, the Trustees consider that an authl 1$ not required for this year undgr SeCtiC 14412) of the chareS Act 2011 (the Act) and that an Indedent examination is needed. Havin9 satisfied mJ3eKthal ts Charty is not subject to an audil under CO8nY W and is eligible for indeptndent examinats'on. it is my wponsibilty to.. al examine the coUrtts under seLlion 145 ofthe 2011 bl follow the wccedures dthvn in the g1 DirthS given by the Charty C¢)mmiss1c( under saclion 14515}Ibl of Ihe 2011 Act- and cl sLite whelhtr particular matters have Cl to my attention. Basis of independent axaminerfs slatrmont My examination was carried out in accordance wrth the general Direcons given by the Charrty Commission. An &xamination includes a reMew ofthe a¢¢ounkng rrdS kept by the Charity, and 8 comparison of the accounts presented wth those re(ords. It also indudes consider"on of any unusual rtems or disclosu¥e5 in the a¢¢ounts and seeking explanauons from you as Tru5 con(eming any such fflatters. The procedures dertaken do not provhle all the evKIee that wld be required in an and consequently no opinion is gNen as to whether the accounls preswrt a ue aThJ fair vwf the reF*Nts limited to those matters sèt out in thè statement on the next page.
CHAMOS- In Ald of th• Childr•n ofvwwzuola Registered Charity Mo. 1123410 INDEPENDENT EXAMINER'S REPORT ON THE FIPIANCIAL STATEMENTS TO THE TRUSTEES OF THE CHAIAOS IN AID OF THE CHILDREM OF VENEZUELA In connection with my examwHbon. no matter has (x)me to my attenti. 11 whith gives m8 reason0 cause to b81ieve Ihat in any matsrial T8spectth8 requiremerts al to keep arwunting rec¢)rds in accordance with Section 130 of tr Chibes Act" and bl to prepare accounts vthich accord wilh the acoyjnling records and rnpty with the a¢untIng raquirèments of th8 Charilies kt have not been mel: or 2} to which. in my opinion. altention slhyjld be drawn in fxder to enabb a propor (tnderstanding of the accounts to be reached. Charfes Osei, Bsc {Hc3}, MSC, FCIE. AFA. ATA, MCIPP Flat 3. 11 Rochdale Way Deptford Lorth SE8 4LY Date." 281h May 2026 10
CHAMOS - In Ald of the Chlldren of Venezuela Rogistered Charlty No. 1123410 BALANCE SHE AS AT 31 DECEMBER 2025 2025 2024 Fixed Assets Current Assets Cash at Bank and in hand 150.244 167,301 Creditors.. Amount dLte wthin One Year Nel AssetslLiabilitses 150.244 167.301 Reserves General Funds 97,867 52,201 Restricted Funds: 52.377 115,100 150,244 167,301 Approved by the Management Commrttee on 1410512026 and signed on their behaw by.. Mariana Siblesz de Afvarez Chalr 11
CHAMOS - In Atd of the Children of Venezuela Reglsteved Charity No. 1123410 STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Funds Funds T¢>tsl Fund8 Totsl Funds Resour¢es Arisin Donations 20,057 38,1 58.118 67,239 InstitLrtional Grants 35,352 35,352 109,076 Events and Other 148.323 148.323 123,741 Total Incomo 168.380 73.413 241.793 300,056 Resources Ex nded Direct Charitable Expenditure 1&8,136 136,136 131,718 Fundraising and Development 106,939 1C6,939 83,305 Administration and Overheads 15.775 15,775 11,919 Totsl Expendrture 122.713 136,136 258,849 226,942 Resources retsined for further use 45.6e 162.723) {17,057) 73,114 Transfer between Funds Not Movemgnt in Funds Rgconciliations of Fund¥ Brought forward 0110112025 52.201 115,100 167.301 94,187 Carried forward 3111Z12025 97.867 51377 150,244 167,301 12
CHAMOS. In Ald of th• Childrgn of Vornzuola R•ghtered Charity N¢x 1123410 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 1. A¢¢ountlng Poli¢i•s Basi¥ of Prwralion. These accourts have been prepared on an accTual basis and indude in¢))me and expenditure as they are eamed or in¢xrred, rather Ihan as cash rev1 or paid. Reference lo the-charrties SORP" refers to the Chariles SORP IFRS 1021.. AccountÈng ar Re[lIng by Chanb"es'. Sement of Recommended Pradice applicable to charibes preparing their acccyjnts in accOrdare with the Financi4 Reports'ng Standard applicable in the UK and RepUrC of Ireland. 2nd edrt effective 1 January 2019. and in accordance with the Companies Act 2006. la. Incom• l incomg 1$ re¢gThsgd ortce th& Charity has entFrnent to the income, ri is probable that the in¢ome will be TlVed, and the amount ofirthme recep4able te measured reliatAy. Grants are induded in the Statement of financial actsyrt5 on a reiable basi$. The balan of income received for specffic purposes but not expnded during the perwjd is shthvn in Ihe relevant fvnds on Ihe Balance Sheet Where incomè is received in than of entItent of receipt. its ren[b is deferred and included in Creditors as deferred income. Where enliuement ocr5 before inwne rs reiVed. the income is accnJe(l. Incorrte tax recoverable in tab"on to donal1cS reNed under Gfft or deeds of enant is recognised at the lime of the donab"on. Inojme tax reCoVwale in reiatim to Investrt income is recogni5&I at the timp the irwèslm&nt income is re¢ervable. 1b. Expgndltyro Expenditure is recognised once there 18 a legal or consrtruclive oblvJalKm lo transfer ecenomic benefit lo a third party, rt is possible th¥1 a transf8f ofeconomic benefits will be required in seluement and the amount of the obligation ¢an be meawred reliabty. ExperKliture on th#ritabl• xtivib8s is incurred on direclly urbjertakino the actsvities which furlherthe Charilvs objeclNes, as well as any aSsLated suppxl costs. AJI expenditure is indusNe of irrewerable VAT. le. Govornm8nt grants Govemment grants we crethled to the statem Offinali Yivrfies as the r*ted expenditure is inuJTred. 1d. Fund a¢¢¢)unting Unresth"¢Aed Fun(J$ aro receble or gerErated forthe objth ofthe chantywthoutfurther sp•cifiad purpose and are availablt as general funds. Restricted Funds are subJ"e¢ted to restrid¢ons on th"r eypendiiure nnposed by the dorKx. Designated Funds are unrestricled funds but eamwrked by the trustees for partilar wrposes. 13
CHA. In Ald oftho Children ofvenezuel Reglstsrnd Charity No. 1123410 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2025 le. Taxatlon The Ch8rity is to pass tt tests set Crtrt in Pwr4h 1 SCIdLIe 6 Of1rt FInae Act 2010 and therefor6 rt méet5 the definrfson of a ¢hartabk cornpany for UK cortM)raty'on tsx purposes. Aco)rdingly, the Charity is potentialy exempt frtyn taXatn in ped of in(a)m& etyrtaI gain5 re1¥ed within Catege5 c0vW by Chapter 3 Part 11 ofthe corporati Tax Act 2010 or Sedson 256 ofthe T8¥Atsc of Chargeab 1f. Debtors Trdde and Olher debt0 are rc(gnl at Ihe Settle PrepayTts are at amount prepabl. lg. Cash at bank In Ind Cash at bank hand irxith cash aTrJ slK)rt-temi hb31 li4ubJ 1rNestTh wilh a 51w)rt matuty ofthree months or less from date of ac4ui8thn or winwJ of ts ¢kxii or simikr 1h. Liabilrlias and provisions Liabilities are re¢c•Jnised thwe is at the tsala slwt date as a resuli ofa past even( it is probable that a trafer of econL•niC bel wdl be rffjLd in setuwwrt. and fv amount ofthe SetnI can be estmated liablY. Liabilthes are recognised at the amjnt thatlhe ChaTty anw rt vlill pay to sellle the ¢Jebt or the amount rt has recaved as advan payments for the gMIS OT SeThi rt must prov. ProviBions ate rrEasured at the best estwnth ofthe anwtts rEqwvJ lo Jab"On. the effec# ofthe time v8lue of money is mrial. the provtsth i% bawj LN) present 0fth amounts. di$Unted at the ptaX di8UTht rate that refits the r specthto the liakn"lty. The uMndiNJ ofthe discount is rec£¥Jnised in the Stalennt of financaal acbths as a fina 11. F5ron¢lal Instwrnents The Chanty only has finala1 assets and finarKial ofa that qualrfy as lInar1 irystruments. Basic financkgl instrJrnts are IllY recognised at Iransa(on value th jbSequenY rnea5ur at their Settrnent value wth excc•on ofbank loan5 susequenuy rneasuT&I at anrtI*l using the effective interest methoJ. 1j. Critical accounting estlrnatrs and area8 of ludgThnt Estimates and ju(13wents are conimually aThJ are ba ht(al exTervKe and otherfactors, including expectth.ons OffutU events that are belEved to be reasonable under the drumsta¢w. The Charity doe8 Thjt currenfjy have any signifirant acLYJunb"NJ esb"mates or aa$ o119el 1k. Tangible Fixed Assets Equiprnent and otrnglb assets are ¥knen th8 C£6t k% or more 14
CHAMOS - In Ald ofth• CNldrnn of V•nw• Rogister Charlty No. 1111410 NOTES TO THE ACCOUN FOR THE YEAR ENDED 3131ST DECEMBER 2 Cash at Bank and In Hand 2025 2024 Currènt Aoxunt Sawngs Ac£ount Contigerry FuThJ Money Markets Total 7,709 31,1YJ7 25,568 118,954 22,779 111.438 150.244 167.301 Incom• 3 Donatl¢)ns 2025 2024 Indwhluals Cotporat8s In-knd Total 40,590 17,528 44,217 16.634 6,388 67.239 17.528 20.057 38,IA1 58,118 4 Institutional Grants 35.352 109,076 202S 2024 S Events and Othor Fundraising Event Irkknnd Auctk)n DonatKffis Other Income Total 78.8• 78,8 5,365 148,323 148.323 123,741 R8sources 2025 2024 6 Charltable Proleets Educational & Opportunit Water & Higiene Ho¥llh & NUtritn 67.820 24.620 43.6£6 136,136 67.820 24,620 43.6 136.136 131,718 7 Fundrabing and De¥glOnt Fundraising Event In-lQnd Aud¥)n Donat)r 28.101 28,101 14.771 106.939 14.771 104939 Total 8 Admlnl8trallon and O¥*tsads 15.7T5 1S.77S 11,919 15