REGISTERED CHARITY NUMBER: 1157095 Report of the Trustees and Unaudited Accounts for the Year Ended 31 December 2024 for TORE'S FOUNDATION Caroline A Vickery FCA Chartered Accountants Wealden Farm, Parrock Lane, Hartfield East Sussex TN7 4AT TORE'S FOUNDATION Contents of the Accounts For the Year Ended 31 December 2024 Page Report of the Trustees Independant Examiner's Report Receipts and Payments Accounts Slatement of Assets and Liabililies TORE'S FOUNDATION Report of the Trustees Forthe YewEnded 31 December 2024 The trustees of the charity present their report wilh the accounts of the charity for the year ended 31 December 2024. The accounts have been prepared on a Receipts and Payments basis in accordance with section 133 of the Charities Act 2011. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity N umber 1157095 Prlnclpal Address 12 Albert Place London W8 5PD Trusteas Mrs Amanda Slowe (Chair) Mrs Marlene Snell Lady Sawers Mr Robert Eikeland STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is ￿ntrOlled by its governing document. a deed of trust, and conslitutes a Charitsble Incorporatsd Organisation. Recruitment and appointment of new trusteas The existing trustees resolve to appoint trustees. No Trustee received any remuneration in respect of services to the charity. OBJECTIVES AND ACTivrriES Objectlves and alms The charitsble companvs objectives are the furtherance of such exclusively charitable purposes as the Irustees shall determlne and. In particular. Tore's Foundation empowers young people to develop their critical thinking and discover their voice through debate in order to Iransform their Gommunities and engage politically; to change and expand their outlook with regard to the possibilities of democratic politics. and to encourage their interest and participation. TORE'S FOUNDATION Report of the Trust068 continued Forthe Y￿Ended 31 December 2024 Charitable activities and publlc benefrt Tore's Foundation is a youth empowerment grassroots charity which runs an innovative 3-year after-school debating programme that teaches students aged 15 to 17 essential life skills to support them into further education l employment. The charity currently operates in the Western Cape. SoLrth Africa. Current affairs, politics and matters affecting democracy form the content of the debates, which require research and critical analysis and expand students, horizons and general knowledge. The programme indudes nutritious meals and safe transport home for all students, monthly inter-school debating competitions and bi-annual multi-school debates. Visits to partner universities. museums and historic sites are regularly arranged. ACHIEVEMENT AND PERFORMANCE Operations The charity estsblished Tore's Africa Foundation, a South African NGO. to run its programme in South Africa, under the guidance of th8 charity's trustees. The charitys sole activity is the fundlng of Tore's Africa Foundation, which is registered as a Public Benefit Organization and files its own accounts with the South African Revenue Servic8. Maln achlevements The charity. through its fvnding of Tore's Africa Foundation, has been operating in Cape Town, South Africa since 2017, where after-school debating dubs are fiourishing, local communty relationships have been established and promising students are being mentored fortertiary education. A ck)s8 association has been 8Stablish8d with the Stellenbosch Business School, which has adopted Tore's Africa Foundation as its chosen social impact charity, an association that has been hugely beneficial and rewarding both financially and reputationally. FINANCIAL REVIEW Reservas pollcy The charity dces Thjt have a SFB* reserve policy. Going concern The accounts have been prepared on the going concern basis as financial support is being actNely sought in a fundraising drive. ON BEHALF OFTHETiikgra. Amanda Slowe - Trustee arlene Snell - Trustee Dats of approval: 20 November 2025 TORE'S FOUNDATION Independent Examinerfs Roport to the Trustees of Torn's Foundatlon I report to the trustees on my exarnination of the accounts of Tore's Foundalion for the year ended 31 December 2024. Respon￿'bIlrfles and basis of report As the charity trustees of the Trust you are respons￿)1& for the preparation of the accx)unts in accordance with the requirements of the Charities Act 2011 (Ihe ACV). I report in ￿spect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sertion 145(5)(b) of the Act. Independent examinerfs statement I have completed My examination. I confirm that no materlal matters have corne 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 Trust as required by section 130 of the Act: or 2, the accounts do not accord with those records. I have no COn￿mS and have come auoss 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. CAROLINEAVICKERY FCA Member of the Institute of Chartered ACC￿untants Wealden Farm Parrock Lang Hartfield East Sussex TN7 4AT Date: 20 November 2025 TORE'S FOUNDATION Recoipts and Payments Accounts For the Year Ended 31 December 2024 2024 Unresln'cted Funds 2023 Unrestricted Funds RECEIPTS Voluntary receipts Donations 61,896 26,000 61,896 26,000 other recelpts Repayment of expenses NIL 632 NIL 632 Total receipts 61.896 26,632 PAYMEKrs Generatlon of voluntary receipts Marketing materials, artwork and printing NIL NIL Charltable actlvltles Direct grants Grants to projects Project support 40,434 NIL 63,282 NIL Governance costs Accountancy and bookkeeping Professional fees Trustee supervisory expenses Monitoring and evaluation Strategy and management support 594 NIL NIL NIL NIL 469 306 1,641 NIL NIL Support costs Finance Bank and other charges Other Recoverable expenses Website supwt Courier NIL NIL NIL 144 NIL NIL NIL Asset and investment purchased Repaymenl of trustee's short-term advance Asset and investment purchased NIL NIL NIL NIL Total payments 41,172 65,842 TORE'S FOUNDATION Roceipts and Payments Accounts For the Year Ended 31 December 2024 2024 Unrestricted Funds 2023 Unrestricted Funds Net r8ceiptslpaym8nts 20.724 {39,210) Cash funds last year end 11,162 50,372 Cash funds this year end 31,886 11,162 TORE'S FOUNDATION Statement of Assets and Llabllltles at the end of the year At 31 DeGember 2024 2024 2023 Unrestricted Unrestricted Funds Funds CASH FUNDS Receipts and Payments Account: Cash in bank Cash held on trust by Tores Africa Foundation 31.886 NIL 11.162 NIL OTHER MONEfARY ASSETS NIL NIL INVESTMEKf ASSETS NIL NIL ASSEfs RETAINED FOR CHARrrYs OWN USE (Design and develowent of website)". Website (Equipment for projects): Held on trust by Tores Africa Foundation 3.048 3,048 NIL NIL TOTAL ASSETS 34.934 14.210 LIABILITIES DUE IMMEDIATELY (NIL) (NIL) FirruRE LIABiufiES Loans (NIL) (N IL) NEf ASSEfsi(LIABIUTIES) £34,934 £14,210 ON BEHALF OFTHEIIIET Amanda Slowe - Trustee Marlene Snell - Trustee Date of approval: 20 November 2025