## **Trustees’ Annual Report for the period** **From** 01/04/2024 **To** 31/3/2025 **Charity name:** MAD4Africa **Charity registration number:** 1127976 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|-
To relieve poverty and alleviate
suffering in Rwanda and Uganda
regardless of race, gender, creed or
political convictions
-
To advance the education of
children and students in Rwanda
and Uganda by providing and
assisting in the provision of schools
and facilities for education
-
To relieve sickness and to preserve
the health of people in Rwanda and
Uganda by providing and assisting
in the provision of equipment,
facilities and services.
-
To promote, for the benefit of the
communities we serve, recreational
and/or other leisure facilities, who
have need of such facilities by
reason of youth, age, infirmity or
disability, financial hardship or
social and economic circumstances
or for the public at large in the
interest of social welfare and with
the object of improving the condition
of life of the said inhabitants.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|•
MAD4Africa trustees and advisers
work on a volunteer-led and
partnership-based approach in
Rwanda and Uganda which
maximises funds reaching
beneficiaries, strengthens local
capacity, and ensures projects are
sustainable beyond direct donor
involvement.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|•
The Trustees had regard to the
guidance issued by the Charity
Commission on public benefit.| Commission on public benefit ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**PROJECT ACTIVITIES **
HEALTHCARE
**ASFA Physiotherapy Centre, Nyaruguru**
**District RWANDA**
PROJECT OBJECTIVE - to establish a
sustainable Centre of Excellence for people
with disabilities by delivering high-quality
physiotherapy and rehabilitation services.
**Impact**
• The centre now provides residential
rehabilitation for 18 paediatric inpatients
per rotation, improving mobility,
independence and quality of life for children
with moderate to complex needs.
• Reintroduction of occupational therapy
services in February2025 has expanded| holistic care, supporting children to develop daily living skills and greater independence. • Outpatient services are operational and ready for expansion, increasing future access to rehabilitation for the wider community. • Building and infrastructure improvements at the centre have enhanced safety, hygiene controls and the therapeutic environment for children, families and staff. • ASFA Physiotherapy Centre worked with the Clinton Health Access Initiate (CHAI) and Rwanda Biomedical Centre assessment to assess over 150 children under six years old, enabling early identification of rehabilitation needs and timely referrals. • Recognition by the National Council of People with Disabilities in December 2024 validates the centre’s role in promoting inclusion, accessibility and disability rights in Rwanda. EDUCATION **G.S. Rusuzumiro School, Nyaruguru District, RWANDA Impact** • School lunch co -funding improved attendance, reduced dropout rates and supported children’s concentration and learning, particularly for the most vulnerable students. • Provision of 350 Health Insurance Cards for the sixth consecutive year enabled lowincome families to access primary healthcare, reducing illness-related absences and, in some cases, saving lives. • New school nursery tables and chairs ensured every young child has an appropriate learning space, improving comfort, engagement and classroom participation. • Outdoor play equipment, the first in the village (!) supported early childhood development through play, enhancing physical, social and cognitive skills for the youngest learners **. G.S. Muganza School, Nyaruguru District, RWANDA Impact** • Installation of lightning rods significantly reduced the risk of injury and damage during severe thunderstorms, directly protecting approximately 1,350 students and 50 staff. • Increased awareness of lightning safety has improved preparedness and confidence among the school community, contributing to a safer learning environment. • The school library built in 2019 continues to benefit students, employs one librarian and benefits 1,350 students. **Umuhanga Education Program, RWANDA Impact** • Support for 11 students from low -income families has enabled continued access to secondary and tertiary education that would otherwise be unattainable. Progress is excellent and students report increased confidence, aspiration and commitment to learning and community contribution. • Students are developing skills in priority sectors including healthcare, education, agriculture and infrastructure, contributing to long-term community and national development. • Regular monitoring strengthens student motivation, retention and academic progress, creating sustainable, lifechanging opportunities one student at a time. **UGANDA BARCLAYS PROJECT, UGANDA Impact** • Long -term educational and living support since 2013 has enabled four orphaned children to transition into young adulthood with stability, skills and prospects. • Consistent educational and living support has reduced vulnerability and created pathways to independence, demonstrating the value of sustained, relationship-based support. • The improved life prospects for these students continues to motivate an incredible UK fund raising team years into this project with grateful thanks. LOOKING AHEAD We will continue to strengthen existing projects while prioritising the expansion of ASFA Physiotherapy Centre services to full capacity. Our focus remains on sustainability, quality of care, and deepening partnerships with government and local stakeholders to extend reach, long-term impact and to preserve the legacy of the centre. SPECIAL THANKS Our work would not be possible without the generosity of supporters and the dedication of our colleagues in Rwanda and Uganda whose commitment, leadership and dedication continue to transform lives. We remain committed to our motto …… `` _if you think you ’re too small to make a difference, try sleeping with a mosquito!”_ ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set |Performance of fundraising
activities against objectives
set|Para 1.41|| |---|---|---| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Yes| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We allocate donations in accordance with
the charitable aims of MAD4Africa. If there
are reserves they are used to protect the
charity’s projectsor take advantages of
new opportunities in accordance with our
charter.| |Amount of reserves held|Para 1.22|£25 572| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by one or more trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|MAD4Africa| |---|---| |Other name the charity uses|| |Registered charity number|1127976| |Charity’s principal address|19 Ruby Road
E17 4RE
London| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||TroyAitken|Chairperson||| ||Alison Hawksley|Chief Operating
Officer||Troy Aitken| ||Kate Hunt|Consultant
Physiotherapist||Troy Aitken| ||Richard Cooney|Treasurer||TroyAitken| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (e.g. Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Troy Aitken|Alison Hawksley| ||
Chair person|Chief Operating Officer| ||6/01/2026|| ||6/01/2026|| Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 |Charity Name MAD4Africa|Charity Name MAD4Africa|Charity Name MAD4Africa|Charity No
(if any)|1127976|| |---|---|---|---|---|---| |Annual accounts for the period|||||| |01/04/2024||**To**|31/03/2025||| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||61,032|-|-|61,032|23,106| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-||-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||61,032|-|-|61,032|23,106| ||||||| ||938|-|-|938|-| ||38,241|-|-|38,241|21,600| ||4,477|-|-|4,477|1,048| ||-|-|-|-|-| ||43,656|-|-|43,656|22,648| ||||||| ||17,376|-|-|17,376|458| ||-|-|-||| ||17,376|-|-|17,376|458| ||-|-|-||| ||-|-|-||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||17,376|-|-|17,376|458| ||||||| ||8,196|-|-|8,196|7,738| ||25,572|-|-|25,572|8,196| Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 ## **Section B Balance sheet** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10

B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**£**
F04|**Total last**
**year**
**£**
F05
-
-
-
-
-
-
-
-
8,196
8,196
-
8,196
8,196
-
-
8,196
-
-
8,196
-
8,196
Date of
approval
dd/mm/yyyy
January 9, 2026
January 9, 2026| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||25,572|-|-|25,572|8,196| |||25,572|-|-|25,572|8,196| |||||||| |||-|-|-|-|-| |||||||| |||25,572|-|-|25,572|8,196| |||||||| |||25,572|-|**-**|25,572|8,196| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||25,572|-|-|25,572|8,196| |||||||| |||-|||-|-| ||||-||-|-| |||25,572||-|25,572|8,196| ||||||-|-| |||25,572|-|-|25,572|8,196| |||||||| |||Signature||Print Name||Date of
approval
dd/mm/yyyy| |||||Troy Aitken||January 9, 202| |||||Alison Hawksley||January 9, 202| |||||||| CC17a (Excel) 09/01/2026 2 Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* ✓ Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support _**Not applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. |Yes*
No*|✓|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| |**_Please disclose:_**|||| |**_(i) the nature of the change in accounting policy;_**|||**Not applicable**| |**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|||**Not applicable**| |**_(iii) the amount of the adjustment for each line affected in_**
**_the current period, each prior period presented and the_**
**_aggregate amount of the adjustment relating to periods_**
**_before those presented, 3.44 FRS 102 SORP._**|||**Not applicable**| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). |Yes*
No*|✓|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| |**_Please disclose:_**|||| |**_(i) the nature of any changes;_**|||**Not applicable**| |**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|||**Not applicable**| |**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|||**Not applicable**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* ✓ * -Tick as appropriate No* _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the prior period error;_**|**Not applicable**| |**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**Not applicable**| |**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**Not applicable**| CC17a (Excel) 09/01/2026 3 Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
January 9, 2026
January 9, 2026|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
p
p
g
g
y
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.||||| |---|---|---|---|---| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| |||Yes
No
N/a||| |||✓|✓|✓| Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 |**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No||✓| ||✓|✓|✓| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**|||||| |---|---|---|---|---|---|---| |Donations andgifts
Gift Aid
Legacies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donatedgoods,facilities and services
Other
**Total**
Other
**Total**
Other
**Total**
Interest income
Dividend income
Rental and leasingincome
Other
**Total**
**Total**
Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held
for charity's own use
Gain on disposal of a programme related
investment
Royalties from the exploitation of intellectual
propertyrights
Other
**Total**
**Other information:**
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**TOTAL INCOME**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**||||| ||Donations andgifts|56,210|-|-|56,210|20,953| ||Gift Aid|4,821|-|-|4,821|2,153| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|61,032|-|-|61,032|23,106| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||61,032|-|-|61,032|23,106| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||||||| **Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.** **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** No **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** CC17a (Excel) 09/01/2026 ~~7~~ Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on raising funds:**|**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---|---|---|---| |Incurred seeking donations||-|-|-|-|-|-|-|-| |Incurred seeking legacies||-|-|-|-|-|-|-|-| |Incurred seeking grants||-|-|-|-||||-| |Operating membership schemes and social
lotteries||-|-|-|-||||-| |Staging fundraising events||938|-|-|938||||-| |Fudraising agents||-|-|-|-||||-| |Operating charity shops||-|-|-|-||||-| |Operating a trading company undertaking
non-charitable trading activity||-|-|-|-||||-| |Advertising, marketing, direct mail and
publicity||-|-|-|-|-|-|-|-| |Start up costs incurred in generating new
source of future income||-|-|-|-|-|-|-|-| |Database development costs||-|-|-|-|-|-|-|-| |Other trading activities||-|-|-|-||||-| |Investment management costs:||-|-|-|-||||-| |Portfoliomanagement costs||-|-|-|-|-|-|-|-| |Cost of obtaining investment advice||-|-|-|-|-|-|-|-| |Investment administration costs||-|-|-|-|-|-|-|-| |Intellectual property licencing costs||-|-|-|-|-|-|-|-| |Rent collection, property repairs and
maintenance charges||-|-|-|-|-|-|-|-| |||-|-|-|-|-|-|-|-| |**Total expenditure on raising funds**||938|-|-|938|-|-|-|-| |**Expenditure on charitable activities:**|||||||||| |ASFA Physio Centre OperatingCosts||19,000|||19,000|13,000|||13,000| |Health Cards||1,500|||1,500|-|||-| |LightningRod for ASFA Building||2,900|||2,900|-|||-| |Rwanda School Fees||3,250|||3,250|-|||-| |School Lunch Project||1,600|||1,600|-|||-| |NurseryFees||2,891|||2,891|-|||-| |Uganda School Fees||7,100|||7,100|8,600|||8,600| ||||||||||| ||||||||||| ||||||||||| ||||||-|-|||-| ||||||||||| |||-|-|-|-|-|-|-|-| |||-|-|-|-|-|-|-|-| |||-|-|-|-|-|-|-|-| |**Total expenditure on charitable activities**||38,241|-|-|38,241|21,600|-|-|21,600| |**Separate material item of expense**|||||||||| |||-|-|-|-|-|-|-|-| |||-|-|-|-|-|-|-|-| |||-|-|-|-|-|-|-|-| CC17a (Excel) 09/01/2026 8 Docusign Envelope ID: 8F79C2B9-8390-4EB8-B4FA-F592521EFB08 |**Total**|**Total**|-|-|-|-|-|-|-|-| |---|---|---|---|---|---|---|---|---|---| |**Other**|||||||||| |JustGivingFees||418|||418|276|||276| |Bank Fees||146|||146|275|||275| |General Expenditure||3,913|||3,913|497|||497| ||||||||||| |**TOTAL EXPENDITURE**
**Total other expenditure**||4,477|-|-|4,477|1,048|||1,048| |||43,656|-|-|43,656|22,648|-|-|22,648| ## **Other information:** ## **Analysis of expenditure on charitable activities** ||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**| |---|---|---|---|---|---|---|---|---| |**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Activity 1|-|-|-|-|-|-|-|-| |Activity 2|-|-|-|-|-|-|-|-| |Other|-|-|-|-|-|-|-|-| |**Total**|-|-|-|-|-|-|-|-| CC17a (Excel) 09/01/2026 9 ## **Trustees’ Annual Report for the period** **From** 01/04/2024 **To** 31/3/2025 **Charity name:** MAD4Africa **Charity registration number:** 1127976 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|-
To relieve poverty and alleviate
suffering in Rwanda and Uganda
regardless of race, gender, creed or
political convictions
-
To advance the education of
children and students in Rwanda
and Uganda by providing and
assisting in the provision of schools
and facilities for education
-
To relieve sickness and to preserve
the health of people in Rwanda and
Uganda by providing and assisting
in the provision of equipment,
facilities and services.
-
To promote, for the benefit of the
communities we serve, recreational
and/or other leisure facilities, who
have need of such facilities by
reason of youth, age, infirmity or
disability, financial hardship or
social and economic circumstances
or for the public at large in the
interest of social welfare and with
the object of improving the condition
of life of the said inhabitants.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|•
MAD4Africa trustees and advisers
work on a volunteer-led and
partnership-based approach in
Rwanda and Uganda which
maximises funds reaching
beneficiaries, strengthens local
capacity, and ensures projects are
sustainable beyond direct donor
involvement.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|•
The Trustees had regard to the
guidance issued by the Charity
Commission on public benefit.| Commission on public benefit ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**PROJECT ACTIVITIES **
HEALTHCARE
**ASFA Physiotherapy Centre, Nyaruguru**
**District RWANDA**
PROJECT OBJECTIVE - to establish a
sustainable Centre of Excellence for people
with disabilities by delivering high-quality
physiotherapy and rehabilitation services.
**Impact**
• The centre now provides residential
rehabilitation for 18 paediatric inpatients
per rotation, improving mobility,
independence and quality of life for children
with moderate to complex needs.
• Reintroduction of occupational therapy
services in February2025 has expanded| holistic care, supporting children to develop daily living skills and greater independence. • Outpatient services are operational and ready for expansion, increasing future access to rehabilitation for the wider community. • Building and infrastructure improvements at the centre have enhanced safety, hygiene controls and the therapeutic environment for children, families and staff. • ASFA Physiotherapy Centre worked with the Clinton Health Access Initiate (CHAI) and Rwanda Biomedical Centre assessment to assess over 150 children under six years old, enabling early identification of rehabilitation needs and timely referrals. • Recognition by the National Council of People with Disabilities in December 2024 validates the centre’s role in promoting inclusion, accessibility and disability rights in Rwanda. EDUCATION **G.S. Rusuzumiro School, Nyaruguru District, RWANDA Impact** • School lunch co -funding improved attendance, reduced dropout rates and supported children’s concentration and learning, particularly for the most vulnerable students. • Provision of 350 Health Insurance Cards for the sixth consecutive year enabled lowincome families to access primary healthcare, reducing illness-related absences and, in some cases, saving lives. • New school nursery tables and chairs ensured every young child has an appropriate learning space, improving comfort, engagement and classroom participation. • Outdoor play equipment, the first in the village (!) supported early childhood development through play, enhancing physical, social and cognitive skills for the youngest learners **. G.S. Muganza School, Nyaruguru District, RWANDA Impact** • Installation of lightning rods significantly reduced the risk of injury and damage during severe thunderstorms, directly protecting approximately 1,350 students and 50 staff. • Increased awareness of lightning safety has improved preparedness and confidence among the school community, contributing to a safer learning environment. • The school library built in 2019 continues to benefit students, employs one librarian and benefits 1,350 students. **Umuhanga Education Program, RWANDA Impact** • Support for 11 students from low -income families has enabled continued access to secondary and tertiary education that would otherwise be unattainable. Progress is excellent and students report increased confidence, aspiration and commitment to learning and community contribution. • Students are developing skills in priority sectors including healthcare, education, agriculture and infrastructure, contributing to long-term community and national development. • Regular monitoring strengthens student motivation, retention and academic progress, creating sustainable, lifechanging opportunities one student at a time. **UGANDA BARCLAYS PROJECT, UGANDA Impact** • Long -term educational and living support since 2013 has enabled four orphaned children to transition into young adulthood with stability, skills and prospects. • Consistent educational and living support has reduced vulnerability and created pathways to independence, demonstrating the value of sustained, relationship-based support. • The improved life prospects for these students continues to motivate an incredible UK fund raising team years into this project with grateful thanks. LOOKING AHEAD We will continue to strengthen existing projects while prioritising the expansion of ASFA Physiotherapy Centre services to full capacity. Our focus remains on sustainability, quality of care, and deepening partnerships with government and local stakeholders to extend reach, long-term impact and to preserve the legacy of the centre. SPECIAL THANKS Our work would not be possible without the generosity of supporters and the dedication of our colleagues in Rwanda and Uganda whose commitment, leadership and dedication continue to transform lives. We remain committed to our motto …… `` _if you think you ’re too small to make a difference, try sleeping with a mosquito!”_ ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set |Performance of fundraising
activities against objectives
set|Para 1.41|| |---|---|---| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Yes| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We allocate donations in accordance with
the charitable aims of MAD4Africa. If there
are reserves they are used to protect the
charity’s projectsor take advantages of
new opportunities in accordance with our
charter.| |Amount of reserves held|Para 1.22|£25 572| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by one or more trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|MAD4Africa| |---|---| |Other name the charity uses|| |Registered charity number|1127976| |Charity’s principal address|19 Ruby Road
E17 4RE
London| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||TroyAitken|Chairperson||| ||Alison Hawksley|Chief Operating
Officer||Troy Aitken| ||Kate Hunt|Consultant
Physiotherapist||Troy Aitken| ||Richard Cooney|Treasurer||TroyAitken| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (e.g. Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Troy Aitken|Alison Hawksley| ||
Chair person|Chief Operating Officer| ||6/01/2026|| ||6/01/2026||