Fahamu Trust Reglstered Charfty Number: 1141162 Reglstered Company Number. 07467716 Annual Report and Flnanclal Stateme forthe year ènded 31 D01thr 2024 M¢)raclo Limited Chartered Cèrtified Ountants & Registerpd Audltors London
Fahamu Trust L•gal and admlnlstratI Infom0 Trustees: P DJey Owam R•glstsrod Office: Th8 Okl ctshed Lyford Wantage Oxfwlshw OX12 OEQ Tee. 01865 7270( Registered Charity Nurnber. 1141162 Roglstsrèd Company Numbor: 07467718 Indgpondgnt Examlnrs: lth)rtai Kty. FCCA Managing Director IAorach Limiigd Chartered Certlfied Actcmjntants & Register8d Auditors 960 Capalxllty Green. Luton. England LU1 3PE Bankers: HSBC 8{ pk Ccwnmathet Sireet Oxford OX13HY TrKKlos Bank BNnel House 11 The Promenade Bristd BS8 3NN Pagg 1
Fahamu Trust Lknlt Trustees, Report For the year ended 31 Decgfflr 2024 2. Wo Aro thg Solutlon lcontlnufjdl . Development of a prcgram scheduk wilh community sta1ions . PraparalJon of th& rlce Se prcrfJLth progrdm wth PASAC - Sharing of the F)roFct idea to &sts119 Sendary famis in Kokla, Sédhlou. 8nd Thionkèssyl. in Sonegal - Partldpatlon In the Inlemalbnal Rural Women'8 Day115 Octrknrl and wr Food Day {16 October), In the Gambla - Collecting data and updatirKJ the list of membets and supyjrters ofAGUISSAJNSS and - FASAINSS, Gulnée. 3: Engaglng the m1• and Mlnorttles lo Act for PoaG84ulkllng (EMMAP) We have al80 utilised fundwwJ from Rh15 Croup Intemational on eTrJagww the medla for peace tMJild1ng. Mlnorfties are not very Wble in the media and are rarely taken inlo a(tounl by the authorities in terms of governance. Focus#ig on thi% issue has theref boon favourable to these groups in terms of making leaders more acCountse. Thb wr4ect 2022. A(*vibes include: - the alkjCati of stip8nds to actiSts aTrJ IrnalIStS to CArry out actNit - Compilatlon of outputs L4unched on MRG'S )118 mulil-media and the sockn media outcome8 dlssemination. - Produdon of LN4lne materials such as medta wds. IrfwhIC$. vklw)s, and plM)tos, for a(fvorAcy ond campaignlng frx ts r¥Jhts of vuknble p)pu11)n$. The programwne culminatsd in an award ceremony for joumalists and actNlsts for induslve and anli-cA)nfllct journalism, organised by Fahamu Africa - SOCMI Jusuce Nelwork {httpsJifahamuafrica.orgO and MlnorSty Rights Group Int8mational Iminorityrights.(ryl. T) Awards were made. A project closing aThJ evaluation workshop was hdd in June 2024. One lesson affll from thfj EMMAP project and its opennes8 to coverage of migrathin issues wll k to place greater emphasks on iomltsts, broad understand9 of migratiDn"issues" and policies. 11. Mèmbèrs of staff of Fahamu Trust Members of stsff are tho main OUr of the (Kganisatkin. Th8 Taam in S8n8gal led by Tldanè Kasse, Mamadou Danfakha arKI Fatw Bousso, in delrvethg Ihe WAS woJr ramme. have been the mainstsy of t organlsation In the last year. In addition, Fahamu Tnjsi's has beneffted from Ihe generoslty of Interns, volunteèrs and part-llme &lvisors who have offered thelr fjme and 8xpertise to support the organlsation in one way or the olher. A speaal mentk)n should be given to HILgry Issacs who has played a valuable rolo In suppclting the UK operations. Page 3
Fahamu Trust Truste•s' Report For the year endpd 31 Docombor 2024 Icoftllnued Vl. Tru$tégs' rnsponsiblliti•s Fahamu Trust PKJard of TTUSte8s are w811 aware that charfty la WUiTe them to prepar8 accounts for eath financial p8riod that give a and fair of tha state of affairs of the charity Ihey run lor 1hat pgmd. Consequenlly. In preparalton for thesè accourits. the Trusteos hav8:
sel8cted sultable 8¢c¢)unting Fy)li¢ies a1 then applied thom c11$1¢n. made sound judgments and estimates that Brfy reasonab and Fwudentr, and follow8(J applicable occounting standexls. suw to ary material departures disdosed as explained in the accounts. The Trustees ol Fahamu Trust are responsibte for keeping proper aGrunting records, which disclose with reasonable accuracy at any Ilme the flnandsl r*Jsilion of the charfty and enable them to ensure that the accounts comply wlth the Charitie8 Act 2011. They ar8 also r8spDnsiNe for safvguardlng the assets of the charity ar)d hence for taknng reasonable steps fof the prevenllon and d8tecth)n offraud and oth8r iri8wlarldas. Approved.by the Trustee8 arKI signed on their b8half b. PrOfesr Patricla Da y- Tmstee 29 Sgptombgr 2025
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FaFwnu Trust Not•s to the financlal sLitements For the year ended 31 Dec•Mr 2024 A¢¢ountlng Poll¢l•s 8asls of preparation of flnanclal statements The Flnanclal Statements ot the charitab Company haNE beer) prepared under th8 hi8torfcal Cost ¢x)nv&nlK)n and in accordan wilh A¢ting and Reporting by Charilies.. Statement of RecommerKled Practice applicabk to tharis preparing tha accounts in aCC(dance wlth the FlnanrAal Reporting Standard applicab in the UK and R8publlc of Ireland {FRS 102) {8ffective 1st January 2015), the Finanual Rewrtu)g Stsndard applbla in the UK and Republic of Ireland {FRS 1021. the Charfes Act 2011 and thè compan Act 21. charlty constibJtes a publK benefft enllty as defined by FRS 102. Golng concern The conl'nuance of the operation is hBavily dependent on the resolution of its structural problems and the ntinuan of income streams. Desptte the diffi(yJtties in previous years, the Trustees have 8 rnasonabla eypecath)n that they will hav¢ the lesour lo contsnue in operdlional existen for the fofeseeable future. a¢Unts havg IhgrefoTe bogn prepored on the basis that tha Charity Is a grirKJ concem. Income InG(Nne is [Kled In the Stal8menl of Financitl ktivltles WIH): the charty becA)mes ontit18d to the rgsources; Ihe Trustees consider M probab that Ih8y wll recerve Ihe rurrs. and Ihe monetary wdhje can be meawJr&J with suffnt reliability. IA Uablllty re¢ognltlon Liabilities are rec(NJni5ed as as there is a legal or construclNe oblation committing the charity trj pay out resources" it Is probable that settlement be requlred, and the amcmjnl of the obligation can be measurgj reliably. Fund ac¢ounting Unrestrlcted funds These are funds whkh can be used in arttwdance wilh tha ch*ltabl6 obCt8 of the charity at th8 dlscrellon of Ihe TNstees. These SpeNY Include grdnts frVed as core funds. Restrfcted fvnds These funds can only be used for KXILar purposes wtthin the objects of the charmy. Restrictions arise when speufied by the donor or when funds are raised for partmwlar r8Strict8d purposes. Govarnan cost$ Govemance coyts Inchjde the LX1 of preparatw)n and examinalion of statutory accounts, the cost of Trustee meetings aThJ the cost ofany 1 to Ttee8 on g0vem8re orconslitutNJnal matters. Support costs Supwrt costs indude ntral nCIkIn$ a1 have bogn dIatsd to actswty cost (ategorlès on a basis consistent with the use of resources. Page 9
Fahamu Trust Noles to tho finandal ststom•nts Forth8 yw wkded 31 Do¢$mr 2024 (conlinued) Other tradlng actlvltles Restrfcted Funds Unr•strlctsd Funds Total 2024 Total 2023 Other trading aLivities 233 233 4,407 233 4,407 5. Charltable actlvltl•s costs Tolal 2023 Funds Funds 2024 Premlse5 costs staff c061slAdmln Project costs Gov8mance costs (note 6) Direc costs IT webhOstinebS1Le Bank charges Sub8cripl#)n 31 31 4.000 359.889 4,493 12,398 2.507 112 414 149 359.889 4.493 12,398 2,507 58,264 4,058 4.386 112 21 414 383,732 112 383,844 69.165 6. G0vornan costs Total 2024 Total 2023 Funds Funds Independent examination Other govemance (%Jsts 3,61Jl 3,600 893 3,600 4.493 4.493 4,058 Pagg11
Fahamu Trust Notès to the financlal statements F¢r tho year ended 31 Decembgr 2024 Icontlnwd) 10. Funds Al 1st Jan 2024 At 31¥t Dec At31st kncome Expensès Transfors 2024 2023 Re$trlGtsd Funds Ulel82i Projoct OSIWA Grant Senegal Project 117.872 742.283 94,029 1.244.733 862,339 359,889 862,339 862,339 860.155 383.732 1.338.763 862,339 Unrestrlcted Fund General funds 11.779) 2.193 112 302 3,164 11.7791 2.193 112 302 3.164 Total fund$ 860,560 1.339,064 865.503 11. Related party traa¢ll0n* and trusts•6' r•munorntlon Trustees receNed no emohirnents or exP9ns in the year for pthmlng dutles as Trustees. The charity manages proi8¢t activit fomerly ei>ntroled by Fahamu Limited, induding the responsibility for all costs. At 31 December 2024. the amnt to the tharity by Fahamu Limil8d was £394,407 (2023.. £394.407). Page 13