2025-09-30-accounts

Bhubesi Pride Foundation {A Charitsble Company Ltmited by Guarantee Unaudited Annual Report and Financial Statements For the Year Ended 30 September 2025 Company Number. 08361153 Charity Regislered in England and Wales Number: 1153069

Bhubesi Pride Foundation Contents For the Year Ended 30 September 2025 Pa Contents Reference and Administrative Details Trustees, Annual Report 3-13 Independent Examiner's Report 14 Statement of Financial Activities 15 Balance Sheet 16 Notes to the Financial Ststements 17-26 Prepared By Ajbert Gocmjman LLP

Bhubesi Pride Foundation Reference and Administrative Details For the Year Ended 30 September 2025 Trustees and Directors D Cottrell (Appointed 4 February 2025) C Gale (Appointed 2 April 2025) E Gibbs (Appointed 4 February 2025) T Haynes {Appointed 4 February 2025) A Jackson {Appointed 4 February 2025) C Line (Appointed 4 February 2025) M Mama (Appointed 4 February 2025) R McGee (Appointed 4 February 2025) N Robson (Chair) Company Secretary A Jackson (Appointed S February 2026) Mander Duffill Ltd (Resigned S February 2026) Chief Executive R Bennett Registered Office The Old Post Office 4143 Market Place Chippenham Wiltshire SN15 3HR Independent Examiner Michelle Ferris Bsc (Hons) FCA DChA Albert Goodman LLP Goodwood House Blackbrook Parf( Avenue Taunton Somerset TA12PX Solicitors Norton Rose Fulbright LLP 3 More London Riverside London SE12AQ Prepared By Albert G0￿Man LLP

Bhubesi Pride Foundation Trustees. Report For the Year Ended 30 September 2025 The trustees, who are also directors for the purposes of the Companies Act, present their report and unaudited financial statements of the charity for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 of the financial slaternents and comply wilh the charity's memorandum and articles of association. the Statement of Recommended Practice {SORP FRS 102- implemenled 1 January 2019), and are in accordance with the special provision relating to small companies within Part 15 of the Companies Act 2006. Public benefil The Irustees report that the charttable activities described in -objectives and activities-. "Achievements and perfomiance. and "Plans for the future- are for the public benefit. The trustees also confirm that they have complied with section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Comrnission. Structure. governance and management Bhubesi Pride Foundation is an independent charity (registered number 1153069) and a company limited by guaranlee (registered number 08361153). The governing document is the memorandum and articles of association dated 15 January 2013, amended 16 July 2013 and charity objects afflended 14 December 2022. All business of the charity is conducted in accordance wilh its memorandum and artides of association together with the rules incorporated within this docurnent. The following trustees. who are also directors for the purposes of company law, served during the period.. N Robson (Chair) D Cottrell E Gibbs M Mama A Jackson T Haynes R McGee C Line C Gale H Mame {Resigned 12 De￿mber 2025) G Constable (Resigned 10 July 2025) G Herbig (Resigned 2 April 2025} M Moore (Resigned 10 July 2025) None of the trustees has any beneficial interest in the company. All of the trustees are members of the ompany and guarantee to contribute £10 in the event of liquidation of Ihe company. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 Objectlves and activities The Trustees present their annual report for the year ended 30 September 2025. This financial year has been one of intentional development and strategic alignment, as the charity focused on building a stronger, more sustainable future for Bhubesi Pride Foundation {BPF) in the UK, while deepening ils integration with BPF Malawi. A central priority during the period has been ensuring that the UK charity is fully aligned with the vision. operations and long-leTm strategy of BPF'S malaV￿-baSed NGO. This alignment is critical to delivering meaningful, measurable impact and ensuring that all stakeholders are working cohesively towards shared goals. Bhubesi Pride Foundation's vision remains.. By harnessing the power of sport and supplementary education. Bhubesi Pride Foundalion enables rural Malawian communities to create sustainable and positive change throLAgh the local delivery of effectiv&, measurable programs. The charity works to.. Unite children and young people through sport, addressing health education and life skills. Empower local people Inspire long-term development through collaboration with schools. communiiies and key stakeholders Sport remains the central vehicle through which BPF promotes life skills. confidence, health awareness and community cohesion. equipping young people to overcome social. economic and health challenges. Wh Malawi Malawi continues to face significant development challenges. reinforcing the importance of BPF'S work.. Ranked 174 out of 189 on the Human Development Index 71 Yo of the populalion live on less than $1.90 per day 87 /0 of children aged 10 cannot read or write Only 33 /0 complete primary education and just 8 % complete secondary education 32 % teenage pregnancy rate 25 /0 of girls eXperIen￿ sexual abuse before age 18 Half the population (of -20 million) are aged 10-35 These realities underline the urgent need for interventions that combine education, health aw8reness and youth empowerment- delivered in accessible. engaging ways such as sport. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 Achievements and performance BPF continues to deliver its work through three core, sustained programs: 1. Clubs for Development (C4D): Slruclured in-school and community-based clubs providing sport, teamwork, communication and life skills in safe and indusive environments. 2. Achinyamala Tikambilane {"Youth Discuss"): A youth-led initiative creating safe spaces for discussion around sexual and reproductive health. gender. relalionships and personal development. 3. Sport for Development (S4D) & Youth Leadership: Delivery of sport-based programs alongside leadership development, equipping young people to become role mLxlels and community leaders. These programmes are delivered from BPF'S purpose-built sports and education centre in Mtema, near Lilongwe. and through outreach into surrounding communities. From 2022 through to December 2025. BPF has achieved significant reach and impact.. ,803 children reached through sport for development activities 345 young people engaged in sexual and reproductive health sessions 208 children with disabilities included in programming 30 primary schools reached 80 youth trained in Seadership (500A female) 51 teachers trained in sports-based education150% female) 22 youth trained in digital entrepreneurship Programmes delivered across 4 Traditional Authorllles Beyond participation numbers. the charity continues to evidence meaningful outcomes, including.- Improved health and wellbeing Increased school attendance and educational outcomes Greater access to sexual heallh information Improved confidence and goal-setting (2 in 3 young people set SMART goals) Enhanced financial literacy and life skills Strategic Directlon (202>2030) During the year. BPF'S Malawi NGO worked on a new five-year strategy {launched on 1 October 2025}, setting oul seven key strategic goals-. 1. Improve health outcomes for 15,000 young people 2. Promote life skills, gender equality and personal development across schools and communities 3. Improve educational outcomes through innovation and life skills training 4. Secure and diversify funding streams 5. Equip 5,000 young people with entrepreneurship and financial literaw skills 6. Build resilience to climate change impacts 7. Develop a strong, skilled and values-driven leam The UK charity has aligned itself closely with these priorities. ensuring that fundraising. partnerships and governance struCtu￿S directly support the Malawi NGO'S delivery. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 Develo ments Durin the Year 1. Stren thenin the Board of Trustees A major focus has been strengthening governan￿. In February 2025. ten new Truslees were appointed following a structured review and recruitment process based on required skillsets to support the executive team. Two trustees stepped down. reflecting a conscious approach to ensuring mutual fit and value. The refreshed Board has brought.. Increased energy and engagement Enhanced expertise and interest across fundraising. governance and partnerships Hands-on support for the Malawi team Strong participation in events and initiatives There is now a clear sense of momentum and engagement across our group of Truslees. 2. Launch of the Ambassador Program Following months of preparation during the financial year, BPF launched its Ambassador Program in October 2025 with over 20 people signing up lo the program. Within six months land into 2026), we've seen: Over 60 new enquiries were generated Increased inlroduclions to businesses, schools and universities Growing global awareness and advocacy for BPF Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 3. Fundraisin and Communit En ement The charity has established a consistent annual calendar of events, including: Annual fundraising hike {September) New annual golf day (September) Annual dinner {Oclober) Volunteer and communty events (in the UK and in Malay￿> -41 These activities are helping to build a stronger international community around BPF. 4. Greater Mi nment with BPF Malawi Collaboration between UK and Malawi leadership has strengthened significantly, including.. Increased interaction behveen Boards and operationallexeculive teams Plans for shared participation in quarterly meelings Closer operalional and strategic alignment 5. Increased Intemational En ement The charity has expanded opportunities for supporters to visit Malawi. enabling deeper understanding of Ihe work and strengthening long-lem relalionships. This runs alongside a renewed emphasis on visit- related fundraising targets. Prepared By Albert Go(Klman LLP

Bhubesi Pride Foundatlon Trustees, Report For the Year Ended 30 September 2025 6. Inte rated Fundraisin roach UK and Malawi teams are now working more closely on: Grant applications Revenue-generating opportunities (through relevant linkages orghinating in the UK andlor Malawil Leveraging BPF'S facilities and programs 7. Unified Comrnunications Strate Work has begun to align all social media channels under a single. cohesive brand. improving storytelling and audience engagement across platforms. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees. Report For the Year Ended 30 September 2025 Ke Events and Partnershi The year also included a number of important developments and key actions". Slrengthened relationship with The Atlas Foundation New parlnership with The Harlequins Foundation Transition away from exlemal accountants (Mander Duffill), bringing finance in-house Appointmenl of Mark Glen {fomier WeSeeHope CEO) as strategic consultant- transformational across impact. finance and fundraising Implementation of a new pipeline tracking system for partnerships and fijndraising CEO Richard joined The Chaffinch Trust as a board adviser, generating valuable conne¢lions - its patron is HRH The Princess Royal Ongoing creation of impact storytelling videos and blogs New long-lerm partnership with communications agency Meams & Gill Trustee Charlie Line visited Malawi {May 2025), learning about 8PF's Malawi operations Bedford School trip (July 2024)= 13 students and staff engaged in program delivery and community aclivities Visit from Harlequins academy players and staff. delivering outreach and toumament activities Annual hike (in the Scottish highlands).. 25 participants raised £25,000 Financial Context and Rebuildin Phase The Trustees recognise that the 2024-25 financial year has been a period of rebuilding for the UK charity. While Bhubesi Pride Foundation typically targets annual income generation in the range of £200,000, this has been a difficult year for income generation. The deliberale and necessary focus on strengthening the charity's foundations - across governance. strategy. fundraising. partnerships and operational alignment with BPF Malawi is seen as critical to responding to the more challenging economic environment. This rebuilding phase has required signrficanl time. energy and resource from the executive team and Iruslees. The Trustees and exec team are confident. however. that these investments will support stronger and more sustainable income generation in future years. Growth in Malawi-based Income Encouragingly, there has been strong progress in incorne generation directly within Malawi through the work of BPF Malawi. During the year, the Malawi NGO secured and delivered several important funding partnerships- Adidas Foundation - £43.368 per annum as part of a three-year partnership Hilden Charitable Trust- £4.336 per annum as part of a two-year agreement Youth Sport Trust International - £53.518 as part of a 4-year partnership worth over £350,000 The above income is not reflected in BPF'S UK accounts as BPF Malawi receives this income directly from these partners. In addition, BPF Malawi generated approximately £33.654 in income through its on- sile volunteer program. Ihis funding is also received into Malawi directly and nol via the UK charity. These developments represenl a signtficant step forward in diversifying income slreams and reducing reliance on UK-based fundraising alone. They also demonslrale growing confidence from international partners in 8PF's delivery model. impact and long-tem) vision. The Trustees view this as a critical shift towards a more balanced and sustainable funding model, where both the UK charity and Malawi NGO contribule to Ihe overall financial resilience and growth of Bhubesi Pride Foundation. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 Lookin Ahead The Trustees believe that the progress made during the year- particularly in governan￿, alignment, partnerships and engagement- has positioned the charity Strongly for fulure growth. With a clear stralegy in place, a strengthened Board. and increasing UKlglobal support, BPF is well placed to expand its impact and continue empowering young people and communities across Malawi. Success stories As a fir)al-year Mzuzu University student. lan's intemship with Bhubesi Pride Foundation transformed his passion for communication. Through design, storytelling and teamwork, he gained confidence, recognition and career direction Ihal continue shaping his professional journey. Read more: h '.Ilb fafrica.or ride-StoriesfiaTrb f-malawis-media-inteml Since joining Bhubesi Pride Foundation as a teenager. Gracious Billy Jr Chirwa transformed sport into purpose. Through coaching, mentoring and community initiab'ves, he built leadership skills. launched a fitness brand and now inspires young people auoss Malawi. Read more.. htt s.'Ilb africa.0 ride-storieFJfrom-the b -field-to<ornmuni -lead8rshi Managing risk Funds received BPF completes 'Know your dient, questionnaires for key donors to establish their identity and identify any risk faclors for fraud or other financial crime. The charity also detemiines whether donated funds are restricted or unreslricled. Funds aid to Malawi BPF Malawi's executive team put fO￿ard funding requests to their Malawi board of trustees. and these requests are then submitted to BPF UK for approval. All funding requests are reviewed to ensure they are in line with donors. expectalions. Spending of restricted funds is recorded diligenlly. BPF UK produces regular impacl reports. success slories and videos to record the use of funds and provide feedback lo donors to ensure all funds are used for their intended purpose. The CEO of BPF UK liaises regularly with BPF Malawi's executive leam and board of trustees. Prepaied By Albert Goodman LLP 10

Bhubesi Pride Foundation Trustees, Report For the Year Ended 30 September 2025 Donated servlces and support from sponsors and partners Throughout 2024125. BPF has been able to continue building trusted partnerships wilh its supporters. helping the charily to develop its operations and goals (we have not included those who wish to rernain anonymous): The Saville Foundation- financial support of program work in Malawi Norton Rose Fulbright- office provision in central London The Harlequins Foundation - unrestricted financial support The Blll McLaren Foundation - unrestricted financial support St. Jamès's Place Charitable Foundation - financial support of program work in Malawi Murphy Family Foundation - financial support of program work in Malawi Scott Eredine Charitable Trust - unrestricted financial support Mercury Phoenlx Trust- finanaal support of prc¥Jram work in Malawi Youth Sport Trust Intemation- financial support, direct to BPF Malawi (NGO) The adidas Foundation- financial support, direct to BPF Malawi (NGO) Hilden Charilble Fund - financial support. direct lo BPF Malawi (NGO) Barbarians Rugby Charitable Trust- financial support of program work in Malawi Malawi Community Hubs - unrestricted financial support The Atlas Foundation - unrestricted financial support Financial review The total income of the charity for the year was £93.523 (2024.. £185,567). The charity's principle funding sources in the year were grants and fundraising campaigns, successfully utilising the charity s online fundraising platfomi. The charity's total expenditure was £167,853 (2024: £193,504). A deficti of £74,33012024'. £7937) was suffered for the year, reducing the value of the reserves lo £43,920 (2024= £118,250). Reserves policy BPF intends to hold reserves to cover 6 months, V￿rth of costs, covering UK overheads and African project funding. This is estimated to be around £118.000. based on projected costs for the coming financial years. The trustees believe that this level of reserves would be sufficienl to protect the wellbeing of our stakeholders whilst providing sufficient time in which to either. raise funds for future programming needs, or pul in place contingency plans to secure future partnerships to enable sustainable and impactful programs to continue. With free reserves of £10.624 (unrestricled lunds less fixed asset5}. the charity is currently holding reserves less than the amount in line with the desired policy, but BPF is working to gain increased funding in the coming financial year. Prepared By Albert Goodman LLP

Bhubesi Pride Foundation Trustees. Report For the Year Ended 30 September 2025 Plans for the future Looking ahead. BPF'S strategic direction is guided by 'PrideAlign29', the charity's latest five-year strategy. Key priorities are oullined as follows.. Objective 1 Expand sports and lrfe-skills programs to reach more Under5e￿ed young people, empowering them with leadership. confidence and opportunities for education. employment and greater community impact. Objective 2- Increase focus on BPF'S utilisation of its constructed community centre (both in terms increased program delivery and reach as well as generating income), support the development of its staff and coaches and build capabilities to strengthen locally-delivered youth and community programs. Prepared By Albert Goodman LLP 12

Bhubesi Pride Foundation Trustees. Report For the Year Ended 30 September 2025 Statement of Trustees, Responsibilities The trustees (who are also directors of Bhubesi Pride Foundation for the purposes of company law) are responsible for preparing the Trustees. Report (incorporating the directors. report) and the financial slalements in accordance with applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial slatemenls for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expeT)diture. of the charitable company for thal period. In preparing these financial statements. the Iruslees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charilies SORP: make judgments and accounting estimates thal are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concem basis unless it is inappropriale to presume that the charilable company wll continue in business. The trustees are responsible for maintaining proper accounling records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlenance and integrity of the corporate and financial infomation included on the charitable companys website. Legislation in the United Kingdom governing the preparalion and dissemination of financial statements may dtffer from legislation in other jurisdictions. Signed by order of the trustees on N Robson Director Prepared By Albert Goodman LLP 13

Bhubesi Pride Foundation Independent Examiners' Report to the Trustees For the Year Ended 30 September 2025

Independent examiners report to the Trustees of Bhubesi Pride Foundation

I report to the charity trustees on my examination of the accounts of Bhubesi Pride Foundation ("the Company") for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5}(b} of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material 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 Company as required by section 386 of the 2006 Act; or

2. the accounts do not comply with these records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

4. 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.

Michelle Ferris BSc (Hons) FCA DChA

Date: 15 July 2026

Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX

Prepared By Albert Goodman LLP

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Bhubesi Pride Foundation Stalement of Financial Activities (including Income and Expenditure account) For the Year Ended 30 September 2025 Unres- tricted Res• tricled Total Funds 2025 Unres- tricted Res- tricted Total Funds 2024 Notes Income fro Grants and donations Charitable activities 79.023 6.000 80,023 13.500 102.551 10.000 58,016 15.000 160,567 25,000 Total incon 85.023 93,523 112.551 73,016 185,567 Expendlture on: Charitable activities 86.122 81,731 167.853 69.142 124,362 193.504 Total expenditure 86,122 81.731 167.853 69.142 124,362 193,504 Net income l {expenditure) for the ￿ar before transfers (1.099) {73.231) (74.330) 43.409 (51,3461 {7,937) Transfers 10 (73.231) 73.231 {65.846) 65.846 Net rnVe￿￿nt in funds (74,330) (74.3301 {22.4371 14.5 (7.937) Reconciliation of funds: Total funds brought fO￿ard 84.954 33.269 118.250 107.391 18.769 126,187 Total funds carried forKard 10 10.624 33.269 43.920 84.954 33,269 118.250 The results for the year derive from continuing activities and there are no gains or losses other than those shown above. The slatement of finanaal activilies incorporates the income and expenditure account. Prepared By Albert Goodman LLP 15

Bhubesi Pride Foundation _ Company Re915tration Numbor. 083611SJ Balance Sheet As at 30 September 2025 Notes 2025 2024 Fixed assets Tangible fixed assets 84 Current assets Deblors Cash at bank and in hand 10.01)0 60.158 6,000 118,779 70.158 124,779 Creditors Amounts falling due within one year (26.238) {6.613} Net current assels 43,920 118.166 Net assets 43.920 118.250 Funds Unrestricted fund Restricted funds 10 10 10.624 33.296 84.954 33.296 43.920 118.250 These accounts have been prepa￿d and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). For the peri(Id in question. the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006. The members have not required the charitable company to obtain an audit of its accounts for the period in question in accordance with seclion 476 the Act. The trusteesldirectors aCknO￿edge their responsibilities for complying with the requirements of the Companies Act 2006 with respeci to accounting records and the preparation of accounts. Approved and authorised by the Board on . nd signed on its behalf by.. N Robs Director A Jackson Director Prepared By Albert Goodman LLP 16

Bhubesi Pride Foundation Notes to the Financial Slalements For the Year Ended 30 September 2025 Accounting policies General infomiation and basis of accounting Bhubesi Pride Foundation is a company limited by guarantee incorporated in the United Kingdom under the Companies Act. Each member of the charity undertakes lo contnbule a maximum of£10 to the charity's assets if it should be wound up while they are a member or within one year after they cease to be a member. The address of the registered office is given on page 2. The nature of the charity's operations and its principal activities are set out in the Trustees Report on pages 3- 10. The financial statements have been prepared under the historical cost convention and in accordance with Ihe Accounting and reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with lh8 Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffeclive 1 January 2019}- (Charities SORP (FRS 102}). The charity meets the definition of public benefit under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slaled in the relevant accounting policy. 1.2 Going concern The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubl on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of al least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational exislence for the foreseeable future and there are no material uncertainties about the charity s ability to continue as a going concern, thus they continue to adoptthe going concem basis ofaccounting in preparing the financial statements. 1.3 Income All income is shown gross and included in Ihe statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Grants and donations in the fomi of corporate and individual donalions are recognis8d when Ihere is evidence of entitlement, and when the receipt is certain and measurable. Government grants are recognised under the accruals model resulting in income being recognised on a systematic basis over the period in which the related costs are incurred for which the granl is cornpensating. The income from the scheme is recognised as donations and grant income in the statement of financial activity and liming dIfferen￿S presented as other debtors or deferred income wilhin the balance sheet. Fees from team members are recognised when they are receivable and spread over the period in which the tour takes place. Income from gift aid is induded when there is evidence of entitlement. and when the receipl is certain and measurable. Prepared By Albert Goodman LLP 17

Bhubesi Pride Foundation Notes to the Financial Statements For the Year Ended 30 September 2025 1.4 Expenditure Expenditure is accounted for on the accruals basis. Liabilities are recognised in the accounting period to which they relate. Governance costs comprise all costs involwng the public accountability of the charity and ils compliance with regulation and good practice. Support costs are shown under the costs in furtherance of the charitable activilies. 1.5 Fixed assets Depreciation is calculated to write off the cost or valuation of fixed assets over their estimated useful lives al the following rate.. Computer equipment & website- 33 /0 straight line Fixed assets are valued at cost less depreciation. Items costing under £100 are not capitalised. 1.6 Debtors Trade debtors and other debtors are recognised at the settlemenl amount due. 1.7 Cash at bank and in hand Cash at bank and in hand comprise cash on hand that is readily convertible to a known amount of cash and are subject to insignificant risk of change in value. 1.8 Creditors Creditors and provisions are recognised where the charity has a present obligats'on resulting from a past event that will probably resull in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. 1.9 Taxation The charity applies all income and gains for charitable purposes and is therefore not liable to corporation lax. 1.10 Fund accounting General funds are unrestricted funds receivable or generated for the objects ofthe company without further specified purpose and are available as general funds. Designated funds are unrestricted funds earmarked by the directors for particular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criterion is charged to the fund, togelher with a fair allocation of management and support costs. 1.11 Donated goods and services The charity receives assistan￿ in the fomi of donated goods and services, however it is considered that the benefit lo Ihe charity is not quantifiable or measurable. These donated items are therefore nol included in the financial statements. Prepar￿ 8y Albert Gwdman LLP 18

Bhubesl Pride Foundatlon Notes to the Financial Statements For the Year Ended 30 September 2025 1.12 Foreign currency Transactions in foreign currencies are recorded at the exchange rate ruling at the date of Ihe transaclion. There were no monetary assets or liabilities denominated in foreign currencies at the balance sheel date. 1.12 Financlal instruments The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and Iheir measurements are as follows.. Financial assets- trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank- is classified as a basic financial instrument and is measured al face value. Financial liabilities- trade credilors, accxuals and other creditors are financial instruments. and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure defir4ition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver seryices rather than cash or another financial instrument. Prepared By Albert G(KJdman LLP 19

Bhubesi Prlde Foundation Notes to the Financial Statements For the Year Ended 30 September 2025 Wages and salaries 2025 2024 Wages and salaries Employer pension costs 26,250 1,131 45.000 1,937 27,381 46,937 The average number of employees for the year was as follows: 2025 2024 Number of staff Defined contribution pension scheme The charily operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £1.131 {2024= £1,937). No contributions were payable to the scheme at the end of the year {2024 - nil). Key management personnel The key management personnel of the charity are considered to be the Chief Executive. The total costs lo the charity of employee benefits for the key management personnel were £27,381 (2024-. £46.937}. The employed individual is now acting for the charity on a self-employed basis. No employee earned more the £60.000 during the current or prior year. Trustees, remuneration During the year, no travel expenses were reimbursed to any of the trustees (2024: nil). No trustees received wages for their services during the year (2024.- £nil}. Prepaied By Albert Goodman LLP 20

Bhubesl Pride Foundation Notes to the Financial Statements For the Year Ended 30 September 2025 Donations Unres- tricted Res- tricted Total 2025 Unres- tricted Res- tricted Total 2024 Volunteering Other donations Philanthropic donations Gift Aid 3.277 31.365 40.625 3.756 3,277 31,365 41.625 3.756 2.013 46.571 48.550 5.417 2,013 46.371 106.766 5,417 (200} 58,216 1.¢XIO 79.023 1,000 80.023 102.551 58,016 160,567 Income from charitable activities Unres- tricted Res- tricted Total 2025 Unres- tricted Res- tricted Total 2024 Grants from partners and donors 6,000 13.500 10.000 15,000 25,000 6.000 13.500 10.000 15.000 25.000 Prepared By Albert Goodman LLP 21

Bhubesi Pride Foundation Notes to the Financial Stalements For the Year Ended 30 September 2025 Charitable activities expenditure Unres- tricled Res- trlcted Total 2025 Unros- tricted Res- trlcted Tolal 2024 Charitable Activities.. Wages and salaries Fundrasing Support Travel Malaw COnN￿nity Centre grants Other Africa funding Marketing Sundry expenses Depreciation Consultancy Bookkeeping 27.381 14.565 5.503 27.381 14.56S 11.826 46.937 46.937 6.323 6.145 2.485 8,630 75.400 75.400 121,600 121.600 1.095 1.418 1,095 1.426 2.825 1.848 918 2,825 2.125 918 277 25.600 8.208 25.600 8.208 8.441 8,441 83,854 81,731 165.585 67,114 124.362 191,476 Govemance expenditure: counlancy Independent ex2￿natiOn 1.134 1.134 1.134 1.134 1.014 1,014 1.014 1.014 2.268 2.268 2,028 2,028 86,122 81,731 167.853 69,142 124.362 193.504 Prepared By Albert Goodman LLP 22

Bhubesl Prlde Foundation Notes lo the Financial Statements For the Year Ended 30 September 2025 Fixed assets Computer equipment & website Total Cost As al 01.10.2024 Additions 8.073 8.073 As at 30.09.2025 8.073 8.073 Depreclatlon As at 01.10.2024 Charge for Year 7.989 7.989 As at 30.09.2025 8.073 8.073 Net book value s at 30.09.2025 As at 01.10.2024 Prepared By Albert Goodman LLP 23

Bhubesl Pride Foundation Notes to the Financial Statements For Ihe Year Ended 30 September 2025 Debtors 2025 2024 Accnjed income Other debtors 10,000 6.000 10,000 6,000 Creditors - amounts due in less than one year 2025 2024 Other creditors Accruals and deferred inconE 355 25.883 3.863 2.750 26,238 6,613 Prepared By Albert Goodman LLP 24

Bhubesi Pride Foundatlon Notes to the Financial Statements For the Period Ended 30 September 2025 10 Statement of funds Balance asat 01.10.24 Balance asat 30.09.25 Incow* Expenditure Transfers Restricted funds BPF ￿￿law1 Core BPF M91awi Netball BPF Malawi Reconnect BPF Malawi Venture {81.731) 73,231 1.407 17.116 14.773 1.407 17.116 14.773 Total restricted funds 33.296 (81,731) 73,231 33.296 Unrestricted funds General 84,954 85.023 (86.122) (73.231) 10,624 Total funds 118,250 93,523 (167,853) 43,920 Stalement of funds - 2024 Balance asat 01.10.23 Balance asat 30.09.24 IncoTh Expenditure Transfers Restricted funds BPF Tanzania BPF Wklawi Core BPF ￿law1 Netball BPF ￿law1 Reconnect BPF Wklawi Venlure 58,516 (124,362) 65.846 1.407 17,116 273 1,407 17,116 14,773 14.500 Total restricted funds 18,796 73.016 (124.362) 65,846 33,296 Unrestricted funds General 107.391 112.551 (69,142) (65,846) 84.954 Total funds 126,187 185,567 {193.504) 118.250 Prepared By Albert Goodman LLP 25

Bhubesi Pride Foundation Notes to the Financial Statements For the Year Ended 30 September 2025 10 Statement of funds {contlnued) The specific purposes for which the material funds are lo be applied are as follows= BPF Malawi represents Ihe NGO (non-government organisalion) supported by BPF (UK harity, for BPF Malawi 'Core'. 'Netball'. 'Reconnect' and 'Venture' project costs>, lo manage osts associated with youth sports and supplementary education programming, as well as costs associated to make improvements lo BPF Malawi's Lilongwe community ￿ntre Iconslrucled be￿een 2018 and 2022. with improvements made in 2023 and 20241. 11 Analysis of net assets between funds Unres- tricted Res- lricted Unres- tricted Res- trlcted 2025 2024 Fixed assets Net current asset8 84 33,296 118.166 10.624 33.296 43,920 84.870 Total funds 10,624 33,296 43,920 84,954 33,296 118,250 12 Related party transactions There were no related party Iransaclions in the penod (2024- none). 13 Company limited by guarantee The company was incorporated as a company limf(ed by guarantee and has no share capital. The guarantee lo the company is £10 per member on the winding up of the company. At 30 September 2025 the company had len members and the total amount guaranteed is therefore £100. Prepared ByAlbert Goodman LLP 26