The Education and Book Appeal Ghana (TEABAG) (Registered charity, number 1126462} Financial statements for the year ended 31 October 2025 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts 8-10 capLUS COMMUNITY ACCOUNTING The Education and Book Appeal Ghana (TEABAG) Trustees, annual report for the year ended 31 October 2025 Full name The Education and Book Appeal Ghana ITEABAG) Other names by which the charity is known TEABAG Registered charity number 1126462 Principal address 344 High Street Cottenham Cambridge CB24 8TX Trustees Patrick Sullivan, Chair Christopher Harding Moller, Treasurer Anne Moller, Secretary Joe Sparks Saharesh Ali Roger Edward Gillman Alice Yaya Tsatsu Agbagba Jayne Pratt (until 0411012025) Independent examiner Eva Stevens, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG15GL Governance and management The charity is operated under the rules of its constitution adopted 1811012008, most recently amended 2411012025. The management of the charity is the responsibility of the Trustees who are elected at the annual meeting by membership. Re-election occurs every year. Trustees are appointed based on the skills they can provide. Three of the Trustees are very experienced educationalists, bringing a total of 50 years, experience of managing schools and colleges. One brings fundraising expertise,. one brings engineering expertise and another bookkeeping. All established Trustees have been to Ghana several times at their own expense. The Treasurer keeps up-to-date with Charity Commission and HMRC requirements, and takes advantage of any online training they provide. Objectives and activities To promote for the benefit of, in particular but not exclusively, the people of Ghana a) the advan￿ment of education and training., b) the relief of poverty, sickness and distress- c) the promotion of good health. The Education and Book Appeal Ghana (TEABAG) Summary of the main activities undertaken for the public benefit The charity's activities include= Fundraising in the UK., Weekly online meetings between Trustees and onsite staff., Frequent visits to Ghana by the trustees and others who can further the objectives (all at their own expense}. The charity manages the running of the Mankoadze Vocational College ('the college,). It also funds reSoUr￿S for the primary schools in the villages of Mankoadze, Abrekum and Onyadze. The charity has continued to work within its objectives to assist those in need and to relieve poverty in accordance with guidance issued by the Charity Commission on public benefit. Public benefit statement The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit,. Summary of the main achievements during the period The vocational college has had another successful year. We have now held the 12th Annual Student Graduation, and our total throughput Sin￿ In￿ptIOn has been over 600 graduates. The college has provided a safe and secure learning environment for these students, with high quality accommodation, and regular meals. Practical work has been important in supporting learning in all specialist subjects. We have continued to support the local schools that feed our college, providing unifoms and teaching materials. The programme of classroom refurbishment has continued. The village health centre has been renovated, and the level of hygiene considerably improved. The Village Task Force has significantly reduced the level of litter in the village and on the beach. It has also provided Teaching Assistants to the village schools, to stand in where the government has failed to provide teachers. Financial review During the period, the charity was solely responsible for all running expenses of the college, in addition to its other activities in the schools and villages. The level of donations was steady at around £3,4001month, and the total monthly expenditure averaged £8,8001month. We are in the process of devolving responsibility for college staff salaries to the Ghana government, which will significantly improve the long term financial prospects for the charity. The Education and Book Appeal Ghana (TEABAG) The charity's policy on reserves The Charity's policy on reserves is to maintain them at at least £20,000. Our current position is a reserve of £90,000. Signed on behalf of the charity's trustees- Signed Saharesh Ali, Trustee Date IL/oY/ Independent examiner's report to the trustees of The Education and Book Appeal Ghana (TEABAG) for the year ended 31 October 2025 I report to the trustees on my examination of the accounts of The Education and Book Appeal Ghana (TEABAG) (the charity) for the year ended 31 October 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act- or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed Eva Stevens BSC, knPFA Employee of Community Accounting Plus Date 2710812026 The Education and Book Appeal Ghana (TEABAG) Receipts & payments account for the year ended 31 October 2025 2024 2025 Total Funds Unrestricted Restricted Total Funds Funds Funds Note Receipts Grants & donations Sales & fees Sundry income Legacies Plastic Recycli ng Bank interest Total receipts 104189 4146 147 85000 22794 9506 17975 40769 9506 3002 3642 38944 3002 3642 56919 193482 17975 Payments Maintenance OfficelGeneral Administrative Expenses Sundry expenses Salaries Utilities College Shop Feediro Programme Exams & Practicals Plastic Recycling Task Force Schools Sponsorship Medical Projects Deaf School Water l Borehole Bank Charges Campus Garden cateri￿ Refurbishment Insurance IT & Software Staff Welfare Summer Camp Transport & Travel Total payments 7749 1035 3194 36738 1396 345 8286 10238 8427 89 38891 3261 1801 12708 3977 10238 8427 89 38891 3261 1801 12708 3977 191 2430 837 2658 2130 500 112 288 1632 710 200 644 5848 4859 3256 105687 191 1108 2329 1935 2430 837 2643 2130 500 112 2573 15578 292 1401 2957 228 441 743 1876 504 90717 288 1632 710 200 644 5848 4859 3256 97769 7918 102765 85960 Net receiptsl(payments) Cash funds at start of this period Transfers be￿een funds Cash funds at end of this period (58825) 155152 740 95587 10057 33573 740 44370 (48768) 188725 188725 139957 The EduGation and Book Appeal Ghaiia (TEABAG) Statement of assets and liabilities at 31 October 2025 2024 2025 Cash assets Bank accounts 188725 188725 139957 139957 Other monetary assets Prepayments- Insurance 48 48 42 42 Liabilities Creditors - Independent Examination fee 744 (744) (960) 1960) These financial statements are accepted on behalf of the charity by.. Signed Saharesh Ali, Trustee Date 2L/OE/2L The Education and Book Appeal Ghana (TEABAG) Notes to the accounts for the year ended 31 October 2025 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations Unre*rlcted Restrlcted Total Yendell Developments A Nelson & Co {J Hamian) MFPA Trust CAF (J Carter) St Francis School Louise Cooke Legacy P Sullivan Golf Day Triplar (N Lambert) Moller, CH&A Sundry grants & donatior 7500 7000 2500 7500 7000 5000 5000 600 724 2503 2000 1500 8942 40769 2500 5000 600 724 2503 2000 1500 7967 22794 975 17975 The Education and Book Appeal Ghana (TEABAG) 3. Funds analysis Opening Receipts (Paymentsl Transfers balance Closing balance Restricted funds Clinic Renovation Campus Garden Fund Catering Refurbishment Charity Running Costs Deaf School Fund Medical FurTh Plastic Recycling Fund Sponsorship FurKI Water Project College Farm Water & Solar Unknown Funds 2500 2500 4423 1535 1362 2000 4423 2246 1362 {711) 2500 {500) (2130) (191) (2643) 1390 103 2769 21280 740 5000 1008 4912 1134 21280 (1632) 6826 30 44370 {1632) {111) 6937 30 17975 33573 17918) 740 Unrestricted funds General Joe's Outlier Trip Feeding Programme 155152 36944 (86762) (11747) 2000 93587 2000 11007 38944 (97769) 11007 (740) 155152 95587 The transfer from the General fund to the Medical Fund is to cover the deficit on this activity. The specific purposes for which the funds are to be applied are as follows= Clinic Renovation - to clean and refurbish the government-provided health ￿ntre, which had become very dilapidated and unhygienic. Campus Garden Fund - to develop a vegetable garden with chickens, intially to provide food for the students and staff, but eventually for sale as well. Catering Refurbishment - for improving the quality and facilities used for teaching of Catering and Hospitality. Charity Running Costs- to contribute to the general running costs of the organisation. Deaf School Fund - to support a nearby school for the deaf, including a signing translator. Medical Fund - to provide emergency medical care for students and ongoing girll women's health provision (for example, sanitary pads). Plastic Recycling Fund - to provide facilities for collecting waste plastic from the village and send it to a recycling plant. Sponsorship Fund provides money to support specific individuals. Water Project- to provide a reliable and sufficient supply of clean water for the college. The Education and Book Appeal Ghana (TEABAG) College Farm - for the creation of the College Farm, fencing, seeds, chickens, compost. Water & Solar- for the water supply for the college, enlargement of the village pond, replacement of parts of the solar system, addition of guttering and water storage tanks. Unknown Funds - to keep track of restricted donations received by standing order, the purpose of which is not currently known. The negative balance on the College Farm fund is due to the funding being received in arrears. 4. Trustees, remuneration Trustees received no expenses, remuneration or benefits in this period. 5. Related party transactions There were no related party transactions in this period. 6. Glossary of terms Creditors: These are amounts owed by the charity, but not paid during the accounting period. Prepayments: These are ServI￿S that the charity has paid for in advance, but not used during the accounting period. Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. 10