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, 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