AMANTANI UK ANNUAL ACCOUNTS YEAR ENDED DECEMBER 31[st] 2025
Charity No. 1131489
Principal and Registered Address:
22 Hertford Road, Digswell, Welwyn, Hertfordshire, AL6 0DE, England
Governing Document: Trust Deed Trustees who served during the year of 2024:
Benjamin Beavan India Jankel – Brown (Chair) Pablo Alvarez
Finance Manager: David Whitworth
Bank: CAF Bank LTD
25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Independent Examiner:
Nick Johnson (FCAA): Simpsons FM, Pentlow, Sudbury, Suffolk, CO10 7JT.
This report covers Amantani’s activities in the UK and Peru from 1st January 2025 to 31st December 2025. Amantani was formally established in May 2008 and in April 2009 became a registered charity (Registered Charity Number 1131489).
Risk Assessment
The trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems have been implemented to mitigate exposure to the major risks.
Report of the Executive Co-Directors
2025 was a year of consolidation and renewed growth for Amantani. Our conviction remains that quality education is a fundamental tool for reducing poverty — but that a secondary education has limited value if young people have nowhere to go afterwards. The Transitions Project was our response: opening routes into post-secondary education and, crucially, into better work for young people from the Andes and the Amazon.
During the year the Pathways Programme returned to Cusco, preparing 28 young people from Andean communities to begin further education in 2026. In the Amazon, our workshops were delivered across four schools, up from one the previous year. The Beca 18 Support Programme also expanded, supporting 150 young people from 68 communities to apply for government scholarships, with 100 of those students receiving additional tutoring for the selection exam. The Ethical Trade Project became its own legal entity, continuing to promote equality and inclusion for indigenous women while donating profits to Amantani.
We are proud to be an organisation that works with communities rather than imposing ideas on them; one that responds to change but stays focused on real needs. Our thanks go to everyone who supports us through donations, fundraising, working alongside us, or simply spreading the word.
Rodrigo Bustos and Thilo Böck, Executive Co-Directors
Objectives, activities and public benefit
Amantani exists to create opportunities for young people and women from indigenous rural communities in the Peruvian Andes and Amazon, so that they can reach their full potential. Rural secondary schools frequently leave young people without the skills they need to thrive in adulthood; unable to continue their education or to access fair, formal employment, they remain within the cycle of poverty. Our work addresses the critical juncture between leaving school and entering further education or the labour market.
Our approach: the Transitions Project
The Transitions Project opens opportunities through four connected strands:
-
Pathways — prepares young people for life after school, teaching the skills and knowledge needed to live independently.
-
Beca 18 Support — removes barriers to accessing the post-secondary education scholarships offered by the Peruvian government.
-
Scholarships — offers direct financial aid and wider support to young people pursuing technical courses or university degrees.
-
Employability — equips young people with the skills needed to enter the job market and secure fair, formal employment.
Where we work and who we reached
In Cusco we worked with 179 young people and 35 indigenous women across 24 communities; in Loreto with 368 young people and 30 educators across 44 communities. Some 97% of participants are native Quechua speakers and 80% of participants in the Amazon are from indigenous Amazonian communities. In the communities where we work, 85% of people live below the poverty line. Only around 10% of rural residents in Cusco, and 5% in Loreto, continue in education after school. Our most remote Loreto communities lie some eight hours by boat from Iquitos, the nearest city.
Achievements and performance
Pathways Programme
Pathways gives young people space to explore their identity, understand healthy relationships, develop socio-emotional skills and plan for the future — supplementary learning that bridges the gap between rural secondary school and the demands of study or work in the city.
Cusco. Following a selection process of application letters and individual and family interviews, 28 participants were chosen from the Ccorca and Huanoquite districts. They completed a two-week residential programme at our Ccorca campus, comprising 162 hours of workshops, alongside a follow-up period that included two careers fairs and weekly contact. One participant withdrew, having other priorities. In early 2026 the cohort will complete the Amantani Academy, a four-week intensive academic reinforcement course, receive vocational orientation and begin their chosen courses through the Scholarships Programme. This cohort was made possible by the commitment of a foundation that prefers to remain anonymous.
Loreto. The programme expanded from one school to three — Santa Clotilde, Porvenir and Angoteros — reaching 342 students, 60% more than in 2024, across more than 145 hours of workshops. Content covered socio-emotional skills, cultural pride, healthy relationships, prevention of unwanted pregnancy and sexually transmitted infection, and environmental awareness.
Outcomes reported in the end-of-year survey in Loreto: 94% of participants report pride in their culture, language and traditions, countering the historic denial of roots often perpetuated by urban education systems; 99% feel they know a great deal about the biodiversity and natural resources of their communities; 94% feel confident discussing sexuality, boundaries and emotions with someone they trust; 86% identify as resilient, with fifth-year students reporting a 10% increase in resilience over fourth-year students; and 90% of fifth-year students hold a concrete life plan for their transition to adulthood after two years of participation.
Challenges. In Porvenir, a change in school management meant we could not work as planned; low attendance and limited teacher support led to the decision not to return in October, underlining how far delivery depends on school partnerships. In Angoteros, students' Spanish was weaker than anticipated, and local Kichwa translators were engaged to keep workshops accessible and culturally relevant.
Beca 18 Support Programme
The Peruvian government offers post-secondary scholarships aimed at disadvantaged young people, yet those who need them most — in the rural Amazon and Andes — find them hardest to access. Limited internet and information suppress registration; the cost of travelling to sit the selection exam is prohibitive; and poor quality schooling reduces the chance of acceptance. Amantani responds with early information sharing and registration support, travel support and accessible exam centres, and academic reinforcement in mathematics and communications.
Across Cusco and Loreto, 494 young people received informative talks, 149 were supported to register for or sit the exam, and 93 completed academic reinforcement. Of those completing reinforcement, 79% improved their academic attainment in both regions.
Milestone. Amantani formed a partnership with PRONABEC, the governing body of Beca 18. This gives institutional recognition to the programme, improves access to schools, and enabled an official exam centre in Santa Clotilde, reducing travel time and cost for 140 students living nearby.
Systemic risk . At the end of 2025 PRONABEC announced a shortfall in the 2026 Beca 18 budget, defined at the time of writing as a 75% reduction in scholarships — 5,000 rather than the 20,000 originally promised. Only 8 of our candidates progressed to the second phase of selection, compared with 24 the previous year, although in Cusco the same number passed as last year, an increase in relative terms. We are working to ensure preselected candidates secure their scholarships and supporting the remaining candidates through an uncertain period, welcoming them to reapply in 2026. The episode highlights the need for non-governmental actors able to provide alternative routes, and we will develop further strategies alongside the programme.
Scholarships Programme
The Scholarships Programme supports young people from rural communities to access college or university and to complete their studies, redefining a scholarship as a holistic support system built on three elements: financial security (tuition, laptops, connectivity, transport and nutritional support); academic support (individual follow-up with institutions and subject-specific reinforcement); and psychosocial resilience (sessions with specialist tutors on the challenges of living and studying away from home).
During 2025 the programme supported 89 students — 77 in Cusco and 12 in Loreto. Fifteen students, including seven young women, received their professional titles and completed their participation in the project. One young person left before completion in order to focus on other priorities, maintaining a dropout rate of 1% for the second consecutive year; 73 students finished the year within the programme.
Survey results indicate that 88% maintained or improved their academic attainment, 93% report developing new professional motivations, 75% report improvements in leadership and teamwork, 70% feel supported and able to raise issues with the team, and 98% receive support from their families in the form of food or money.
Our Youth Hubs in Cusco and Iquitos are more than infrastructure: they are safe spaces in which young people meet tutors, seek assistance, study and socialise. The Iquitos hub also provides accommodation for 10 young people who would otherwise struggle to find somewhere to live. Employability Programme
Over 70% of Peru's working population is employed informally, without legal protection or benefits and often at lower pay. Good jobs remain hard to secure even for graduates. Of the 35 young people who completed the project with a professional qualification between January 2024 and December 2025, 83% are employed; of those working, 93% earn at least the national minimum wage, 69% are in roles related to their studies, and 41% hold formal contracts — against a national average of around 20% for their age group.
These gains sit alongside a difficult reality: formal jobs are scarce and immediate need frequently outweighs long-term planning. One scholarship student spent a summer working in an illegal mine — dangerous, environmentally damaging work that nonetheless covered close to a year of living costs. We continue in the belief that sustained support puts young people in a stronger position to make safer choices.
Gender equity
Amantani works deliberately to improve gender equity, since women remain significantly marginalised in rural Peruvian society. Of the 28 young people in the 2025 Cusco Pathways cohort, 57% were female, and of the 35 who completed the project between January 2024 and December 2025, 54% were women, 15 of whom secured employment. Barriers persist despite this academic lead: only 42% of young women held formal contracts compared with 58% of young men, and two working young women earned below the national minimum wage, compared with none of the young men. Our support continues for those who become mothers; during 2025 we helped five young mothers continue their education, one of whom completed the project.
Ethical Trade Project — Yachaykuna
Through the production and sale of artisanal products, Quechua-speaking women strengthen their skills, develop financial independence and build a more secure future, in a context still marked by illiteracy, domestic violence and reduced earning potential. The principal achievement of 2025 was completing Yachaykuna's separation from Amantani as a for-profit company, creating room to grow income while continuing to cover its own costs and donate a portion of profits to Amantani. New routes to market included an alliance with a boutique in Cusco and a pop-up in Lima. The project began the year with 35 artisans; six left, most to pursue other opportunities and two at the project's request following unresolved conflict. Recruitment in Huanoquite drew limited response, although rising sales alongside a smaller group meant average earnings per artisan increased. One of our scholarship students, Nelly, was hired as production coordinator — an example of the reciprocity at the heart of our model. Participation and voice
Participants shape the organisation through elected councils. Iquitos elected Amantani's first student council there, improving communication between council members, students and tutors and lifting participation. The Cusco student council reports gains in leadership and organisational skills and a corresponding rise in engagement. The Cusco parent council supported the selection process for the new Pathways cohort and developed a plan to guide its work in 2026. The artisan council organised shared activities across the year, supported the wellbeing of members and helped resolve conflicts within the group.
I can share my journey, show them that I started like they did, and that achieving our dreams is possible.
Hector Raul, former participant, now a full-time tutor
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AMANTANI UK ('THE CHARITY')
Charity Registration No. 1131489
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity's trustees 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 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.
I am qualified to undertake the examination by being a qualified member of the ACCA (Fellow).
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Name: Nick Johnson
Relevant professional qualification: ACCA (Fellow)
Address: Simpsons FM, Pentlow, Sudbury, Suffolk, CO10 7JT. Signed:
----- Start of picture text -----
Date: 26 August 2026
----- End of picture text -----
Statemtnt of FSnantlal ALtl¥ttles Unr•rtrkt•d R••trka•d 2025 2025 Tot Total 2025 2024 IWCOMING RESOURCES Voluntary Income: Individual Giving Regular Giving Grants Corporate Partnerships Note 9A84 15384 275363 17,743 5,141 19,290 145,555 1.167 15.384 189,628 17,743 tlvltles: Events Schools Trade 1,157 1,157 ,912 39.912 32,336 Sundry Income Totsl IncomSn resources 189,416 189,628 359,044 203A89 RE50URCE5 EXPENDED CharStable actlvStles: Amazon Profjett Campus Infrastructure 66.690 3A27 54,667 2,211 3,427 Tr8rffj1lis- Ccorca Ethical trade Meet My World Communlcatlon 0.573 23.710 5.73) 8.231 189.628 183,055 23,710 5,730 8231 165,454 21,634 2,369 8,801 C05ts of generatln8 funds: Voluntary Income .241 50241 46,922 Govemance: Insurance & Bank Charge5 140 140 283 Total resources expended 151 96 189 628 341 24 302 340 Net incon ex endlture 17 21 17 21 98 51 Total funds brought forward 61570 6170 160,421 Totsl funds £¥rSed fOard 79390 79390 61,570
Balance Sheet Amantani UK As at 31 December 2025
| 31/12/2025 | 31/12/2024 | |
|---|---|---|
| £ | £ | |
| Assets | ||
| Current Assets | ||
| Prepayments | - | - |
| Accrued income | 28,405 | 18,038 |
| Cash at bank and in hand | 143,336 | 58,532 |
| Total Current Assets | 171,741 | 76,570 |
| Total Assets | 171,741 | 76,570 |
| Liabilities | ||
| Current Liabilities | ||
| Accrued expenses | - | - |
| Deferred Income | 92,350 | 15,000 |
| Total Current Liabilities | 92,350 | 15,000 |
| Total Liabilities | 92,350 | 15,000 |
| 79,391 | 61,570 | |
| Equity | ||
| Current Year Earnings | 17,821 | (98,851) |
| Retained Earnings | 61,570 | 160,421 |
| Total Equity | 79,391 | 61,570 |
Accounting policies
1.1 Preparation basis
The accounts have been prepared under accruals basis in accordance with Financial Reporting Standard FRS102 effective 1 January 2015, the Statement of Recommended Practices (SORP) and Charities Act 2011.
1.2 Incoming resources
Voluntary income is recognised as an incoming resource when notification of the income in writing is received. The income from the fundraising activities is shown as revenue, with the incurred costs included in the fundraising cost.
1.3 Resources expended
Governance costs are those incurred through the administration of the charity and compliance with constitutional and statutory requirements. Where possible, costs are allocated directly to the activities to which they relate. Other costs are then allocated between charitable activities and fundraising costs based on the apportionment of direct costs.
Support costs include human resource and general administration expenses, monitoring and evaluation and travel expenses.
Expenditure is accounted for on an accruals basis. Fundraising expenditure consists of expenses generated through the encouragement of people to contribute financially to the charity’s work. Fundraising expenditure incurred by Amantani Peru, but paid for by Amantani UK, is recharged to Amantani Peru by deducting funds from transfers made.
| Restricted funds consolidated | Balance at 31 Dec 2024 £ |
Incoming Resources £ |
Outgoing Resources £ | Balance at 31 Dec 2025 £ | Balance at 31 Dec 2025 £ | |
|---|---|---|---|---|---|---|
| Transitions | - | 189,628 | 189,628 | - | ||
| Total | - | 189,628 | 189,628 | - | ||
| STAFF | ||||||
| The average monthly number of full-time employees during the year was: 1.2. | ||||||
| Time records show the allocation of their time as follows: | 2025 | 2024 | ||||
| Fundraising & Admin | 1.2 | 1.2 | ||||
| Programmes | - | - | ||||
| Gross Salaries & Wages (inc NI) | 46,745 | 46,359 | ||||
| PROJECT SUPPORT COSTS | ||||
|---|---|---|---|---|
| TOTAL | FUNDRAISING | CHARITABLE | BASIS OF APPORTIONMENT | |
| COSTS | ACTIVITIES | |||
| £ | £ | £ | ||
| Staff | 46,745 | 46,745 | - | Staff time |
| Office & Peru travel | 3,635 | 3,635 | - | Staff time and nature of expenditure |
| TOTAL | 50,381 | 50,381 | - | |
| DIRECT | SUPPORT | TOTAL | ||
| £ | £ | £ | ||
| Amazon Youth Project | 66,690 | - | 66,690 | Based on expenditure in Peru |
| Campus - Infrastructure | 3,427 | - | 3,427 | Based on expenditure in Peru |
| Communication | 8,231 | - | 8,231 | Based on expenditure in Peru |
| Transitions | 183,055 | - | 183,055 | Based on expenditure in Peru |
| Ethical Trade | 23,710 | - | 23,710 | Based on expenditure in Peru |
| MMW | 5,730 | - | 5,730 | Based on expenditure in Peru |
| TOTAL | 290,843 | - |
290,843 |
Reserves policy
Funds generated during a financial period which are not needed for project costs in are held in non-exotic currency in both Amantani UK and Amantani Peru. The trustees have agreed to continue with a policy that Amantani should hold reserves to cover three months running costs of Amantani as a whole, including the UK and Peru, and so reserves have remained the same at £115,000. Of this total, £75,000 is held in Amantani UK, and £40,000 is held in Amantani Peru.
Related parties
During the year, there were no related party transactions
Trustees
The trustees have not received any remuneration or reimbursement of expenses during the year.
END