Charity registration number.. 1158386 Asylos Annual Report and Financial Statements for the Year Ended 31 December 2025 CoJnniut]ity Accounting Plus Units l & 2 North West 41 Talbot Street NGI 5GL Asylos Contents (¢ontinu¢d) Reference and Administrative Details Trustees, Report 2to5 Statement of Trustees, Responsibilities Independent Examiner'5 Report Statement of Financial Activities 8t09 Balance Sheet 10 Notes to the Financial Statements I I to20 Asylos Refer¢n¢¢ and Administrative D¢tails Trustees Elizabeth Williams Stephanie Huber Philip Amold Julia Vonk Diamantoula Vlantoni Katharina Natter Teslim Uthman Adeyanju Cima Chehab Yigit Aksakoglu Te5falem Habte Yemk)ne Senior Management Team Jo Pettitt, Director Carolina Albuerne Rodriguez, Dirertor Charity Registration Number 1158386 Principal Office International House l O l King's Cross Road London WCIX 9LP IndepeThdent Exajniner Eva Steven5. employee of Community Accounting Plus Units l & 2 North West 41 Talboi Sireei Noitingham NGI 5GL Page I Asylos Trust¢¢s' Report The trLl5tee5 present the annual report together M'ith the financial ststeTnents of the charity for the year ended i I December 2025. Trustees and officers The trnstees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Elizabeth Williams Stephanie Huber Philip Arnold Julia Vonk Digmgntoula Vlantoni Katharina Natter Dina Baslan (resigned l March 2025) Dick Oosting (resigned l December 2025) Te51im Uthman Adeyanju (appointed 9 May 2025) Cima Chehab {appointed l December 20251 Yigit Aksakoglu (appointed 4 August 20251 Tesfalem Habte Yemane (appointed 4 August 2025) Objectives and activities Objects tsnd alttis The object of the CIO is the promotion of huinan rights law as set out in the Universal Declaratioi) of Human Rights and subsequent United Nations or regional conventions and declarations, and iii national law. In pursuing this object, Asylos will focus on the advancement of human rights law with respect to asjlum seekers and stateless people in ihe UK and elsewhere. OlJje¢lives, slrqlegies anduclivilies Engaging in research into hiimwi rights issues and monitor abiises of human rights: Contribiiting to the sound administrdtion of human right5 by providingF infoTmation and background research for asylum case5 50 as to eiisiire that asylum seekers are given a fair heariiigF for their asylum claim5. Raising aH'arene5s of hiiman riLFhtS 15siies and promoting popular support for huina]i rights by facilitatinbF an infom]ed and fact based piiblic debate on asyluni; Providing techiiical advice to goveriiment5 and other5 on human rights matters, by making its research and infomjation available on iequest and providing relevant training. Page 2 Asylos Trustees, Report (¢ontinu¢d) Public benefil Asylos benefit5 asylutn seekers and 5tatele55 people in their preparation of as)'lum claim5 as allowed under national. Eiiropean and inteTnational law. These asyluni seekers would not be exercisingF their full rill t5 Wlthout Asy105 a5S15taiice: as the), M'ould be unable to prepare evidential docuinentation for their asylum claim5. A5Jlos also benefits its volunteers, who, through their engagenient in conduLting research. learn about the related legal swstems, and en)phasize to their contemporaries the iinportance of laimess in the legal system. b. Asylos work is beneficial in that it promotes a high qualitv of legal decision-making and helps reduce the tiine needed for legal cases to conLlude. thereby helping the legal system Ineet its own sL4ndards. Lawyers and judges alike have confjmied the added value Asylos reports bring to legal asvlum cases. As Asylos i¥orks in close Cowoperation with lai+yers ertg￿ed in the asyluin Lases it is highly unlikely that any detriment or harm for the benefitting population may occur from Asjlos, activities. d. There is no personal benefit from As}'los' activities for trustees or for specific persons or organisations. The trustees confimi that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Asylos is an international network with over 50 highly skilled volunteer researchers across 20 countries, providing high-quality County of Origin Inforination (COI) research to people seeking protectiot] and their representatives worldm'ide. Founded in 2010, we have produced over 810 bespoke research reports covering 113 countries, helping thousands of refugee5 secure protection. Col helps COTroborate the experiences of people seeking asylum ai)d plays a vital role in fair protectioi) deLisions. By producii)g high-quality COI, Asylos supports asylum decision-making and policies based oi) ieliable evidtnLe. Asy1o5 provides free support to lawyers and NGO caseM'orker5 worldwide w'l)o assist people throu¥h protectioi) procedures. Our work includes case-specilic and thematic COI research, free COI iraining ivebinars. and the review and publication of commeniaries on government-produced COI reports. In 2025. we produced 70 bespoke research reports for people seeking proteciion from 45 countries of origin. Our case-specific reports were dowiiloaded 2,025 times, 2,745 users are registered on our case daiabase and our main websiie has received over 22,500 unique visitors. A lurther 4.804 subscribers received our research updates, including access to newly published reporrs. We reviewed 59 UK government COI reports before publication, providing recommendations for improvement. We published a commentary and supporting research on the UK Home Office's Country Policv and Information Note on Afghanistan, downlliaded 764 times. In addition. we trained 172 la￿erS and caseworkers on how to produce and use COI effectively. We work closely with lamyers and caseworkers from around the world. Here is what some of them sgy about Asylos.. "Country and aypert evid£itce is indispensable suppovling seeker s case. Asylos helps me and immigrl7tio￿ olficiL71s belter tlnderslandmy cliEl7t's circumst(wces. Tori Sicher Immigratioi) Solicitor IUKI Page 3 Asylos Trustees, Report (¢ontinu¢d) "l ahw￿5 to Asvlos when I need to find relevL7nt aboul a country of origin thal is less Ivell-knoii'n ok3d iind£v-covered. Thg Asylos leum alwuvs provides very delail£d and Mell-sourced iKformalio that can be LruciL71 to the cÉJse. Vavtinec Dudek Law'yer, Organizace pro pomoc uprchliTrum (OPU} 'You gofar andbeyondivithyour research . I trusi Arylos becauseyour notes ure objective and impartiul. Jonaihan Dieni LaNiyer of the Liège bar .1 am very grutLful i(J ihL AJylv5 leamf(Ji' its meliculouts. crEdiblL wvrk. Lesley Stalker Attomey in Vancouver, Canadg, Vancouver Law Firms Financial revie We are happy ￿'1th the way we ended the reporting period in 2025. We ended the year with £77,949 of accumulated fvnds. We took a conservative approach to staff salary awards (cost of living and increment adjustments) in 2025, wanting to end Ihe yegr in credit and pending new income that was not confirmed until late in December. Since this income was confim]ed (CLEAR project) we have been able to award a 30/0 Cost of iving increase to staff effective from January 20?6. We consider that our budget for 2026 is reasonably healthy, with income and expenditure balanced (we currently anticipate ending the year with a £6,306.02 surplus). However, anticipate additional expenditure in some area5, including increased salary costs with two iiew role5 (replacingF one part-tiine role),. to increase hours in part titne roles. and for con5ultanc}' role5, and 50 we need to raise further fund5 to meet this. Poliry oll reserves We are (still) in the process of drafting a reserves policy for Asylos but in the meantime we continue to WL)rk towards 3 months of costs set aside flir reserves. At the end of 2025 we ￿'ere able tl) identify £60,000 to cover approximately 2 months of operating costs. We plan to move towards our target of 3 months operating costs (£90.000) over the next two years, so adding £15.000 each year. Strueturey govermanee and management lure olgoverning documenl The charity is operated under the rnles of its constitution adopted 2910712014, most re¢ently amended 2510212025. Page 4 Asylos Trysteesl Report (eonllnued) Asylos 15 Lyimmiltcd lo fair ET¥J opcn recrui¢menL while our comlilulion dso allo￿ ihc Board to apNiinl Trusttts directty. Tr Treasurer Tole filled thmugh open recnjitment. The CowDirectors interviewed ctylidate4 and tl s￿cesS￿jI ¢aTrlidate confimied &8 suitable by our oul80in8 Treasurer before Iloard appTOVa]. Having identified a 18ck of Doard diverstty, particularly lived exEKrience of forced migration 8Th1 &8ylwn occdure5. ron Jft open rccnLitmeTht for Trustee positions. Candidates were 5hortlisid and mel infornially ii'ith the Co•Director& and a staff delegaie. a fijrther round involved Mttt1n￿ with existin8 Trusttts. and Nx) ilrrc put fornwd to ond AP5￿0Vl￿ by tull BoaTd. We also filled a NetWQTk tklegate Tn￿¢¢ vyLwcy. Or￿ of two seals reserved for cl¢cied re￿esentatIveS ofour voluntrtr Folloiiing ow iolThl rcmlitmenl tffoc¢dure. the S￿¢•$[U[ ￿￿Id41¢ was apFK)intd with ap¥K0171 from the n¢hYork and the Ikthrd. We arepleased io welcome newty aFp)inted Tr￿le& to th¢ Board thi5 year. re￿rtME% approvedby the tnL%tees ofthe chwiry On. J,b2L d si8noJ on its l￿bI]r ty: la V]antoni Page S Asyloj Slotemenl ofTruslees' Responslblllllts The trus¢ees wnsible for the t￿￿￿￿9, T¢￿rt and the fin8n¢ig1 stolement8 in aCCOTdance with the Unil¢d Kingdom Ac¢ounlin8 Standards (Unilcd Kin8dnrn c￿￿[#llY AcceNed A¢¢irtmling Practi¢¢) and 8ppIic4blc laiy arkd Tcgulthions. The lais appli¢able to tharilies requiffs the trusites to wepare financial slalements for e8th firwicial ye* whith give a twe fair %'i¢w ofthe stile ofalTain of¢he charily 8nd ofthe incoming rcwurces 2nd awlicalion of re5oUtr￿ ofthe charity for th&¢ In pr¢paTin8 t1￿￿e finEncial 51alLTrcnls. the ¢TUStecs arc TLyuircd lo.. selttt wit8bl¢ aCCOUDtin8 ￿lICIeS Wldthen wly them consistenily. observe the meth)ds and rrtinciples in the Charities SORP. make judsemeM$ and esiimales that are reasonable pnthl., sue M'hether applicable accountin8 Statthrds have been folk>we4 wbjttl to any materia] deFw¢wes disclosed and explait)¢d in the financial $talements and prepare the f￿￿cIal 5latemcnts on thE going wJK¢m knis il is inappywriate to prcswne that the dwiry iYiII cominue in business. The ttustGG5 arE ￿5￿?￿$1b[C for kwbins ￿that diJmpangs websile. Legi$laiien kyweming Ihe preparntion 8nd dissemination or rmwncial stalemcnts may differ from Ic8i51atN)n IL other jurisdictions. ApEroved by the ttt5 ofthe charity on.. d Sig￿1 on its iKhalf lry: a Vlarttoni lec Asylos Independent Examiner's Report to the trustees of Asylo$ Independent examiner's report to the tru5tee5 of Asylos report to the trustees oil my examinatioii of the accounts of A5J'los (the Charity) for the year ended il December 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'l. I report in respeci of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in cgrrying oiit my examination I have followed all the applicable directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examiner's 51atement Since the Cliarity's gross incon)e exceeded £250,000 your examiner Inust be a member of a body listed in section 145 of the ?0 I I ALt. I coiifinn that l ain qu(Ilified to undertake the examinatioii because l am a member of the Chartered Institute of Public FinanLe dnd AccountdnLy (CIPFA), w'hich is one of the listed bodie5. I have conipleted my examination. l LonfiTm that no matters l)ave come to iny attention in connection with the examination giving me cause to believe that in any inaterial respect.. l. accounting records were not kept in respect of the Charity as required by section 130 of the Acr,. or 2. the accounts do not accord with those records,. or the accounts do not comply i¥ith the accounting requirements conceming the forni and content of accounts set out in the Charities {Accounts and Reports) Regulatioi)s 2008 other than any requirement that the accounts give a 'true and fail view which is not a Inatter considered as part of ali independent examination. I have no concerns and have come across no other rnatters in connection with the examination to which attentiL)n should be dra￿1 in this report in order to ¢nahle a prapcr iinderstaiiding of the account% to be reached. Eva Stevens. Bsc, CPFA. employee of Community Accounting Plus member ol'the Chartered Institute of Public Finance and Actountancy (CIPFA) Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date.. 2310712026 Page 7 Asylos Statement of Finan¢ial Activities for the Year Ended 31 D¢¢¢mb¢r 2025 Total 2025 Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 35,022 220 2,895 35,022 293,979 2,895 67,896 166,134 3,796 293,759 Total Income 293,759 J31,896 237,826 Expenditure on.. Charitable activities 11.472} (337.ii I I (338.8031 {i06.393} Total Expenditure 11,472) (i37,3311 (i38.8031 {i06,393) Net incoinel{expenditure) Gross transfers between ￿ndS 36,665 (90,282) (43,572) (6,907} (68,567} Other reeognised gains And losscs Other gainsllosses 653 653 53 Net mov¢m¢nt in fvnds (53,617) 47,363 16,254} (68,514} Reconciliation of funds Total funds brought forward 84,203 84,203 152,717 Total funds carried fonvard 14 30,-586 47,363 77,949 84,203 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shom'n in note 14. The notes on pages I I to 20 form an integral part of these financial statenienrs. Page 8 Asylos Statement of Financial A¢tivitie$ for the Year Ended 31 December 2025 (¢ontinu¢d) These are the figure5 for the previou5 accounting period and are included for Comparative purposes Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 67.896 67,896 166,134 3,796 173 3,796 165,961 Total Income 71,865 165,961 237,826 Expenditure on.. Charitable activities (104,6331 (201,7601 {306,J93} Total Expenditure {104,6331 (201,7601 {306,i93} Net movement in funds (32,768) (35,799) (68,567) Reconciliation of funds Total funds brought forward 116,971 35,746 152,717 Total funds carried flirward 14 84.203 {5i} 84,150 The notes on pages I I to 20 form an integral part of these financial statenienrs. Page 9 Asylos (Rtglstrnllon number: 1158386) Balan¢e Sheet As a131 Ik¢emb¢r 2025 2015 2024 Nol¢ Flxcd x5yrts I'sngible 8sset5 10 i.¢M2 Currtnt assets Dcblors C*sh rffld ift h#nd 2,043 210.324 3,939 189.011 12 212.367 192.970 Cr¢dltors: Amollnts hlllwi dNe wlihkn ont year Net Auets 13 13J.460 109.751 76.907 83.219 r*'et *81ets 77,949 84.203 F#Dds of the tbxtlty. Rr¥tTktMI Restridtsl fi]TKb 14 47.363 UDres¢rkted Ineome fun 30.386 84.203 T•¢•1 f4Dds 14 77,949 84.203 al slat￿¢￿￿ on pa8n 8 to 20 wcrt appmyed by th¢ truJiec4 and au¢knri5ed lor i55uc on pnd 3ignwJ on bthdfby". The Th)ies on rAB¢S 11 ￿ 20 fuTm inlrsral ￿ ofihese financial statemenis. Asylos Notes to th¢ Financial Statements for ihe Year Ended 31 De¢¢mb¢r 2025 Aeeounting polieies Statement of compliance The financial statements have been prepared in accL)rdance w'ith the second editilin of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basis of preparation Asylos meeis the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemption from preparing A eagh tlow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows ￿1th1n the financial siatements. Going coneern The financial statements have been prepared on a going concem basis. The trustees assess whether the use of going concem 15 appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significaiit doubt on the ability of the charity to continue as a goit]g concern. The trustees Inake this assessment in respect of a period of one year frojn the date of approval of the financial statements. Income and endowments Voluntary. inLome inLludiii¥ doi)ations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Lharity has entitleinent to the income, it is probable that the income will be ieLtived and tl)e amolliit Lan be nieasured witl) 5ufficieiit reliability. Donulions and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grunls receivable Grants are recognised when the charity has an entitlen)ent to the funds and any conditions linked tts the grdi)ts have beeli met. Where ptrfotmanLe Londitions dre attached to the grant and are yet to be met, the income is ieLO¥lI15ed as a liability and included on the biilance Sheet as deferred inLome to be released. Deferred income Deferred income represents amounts received for futiire periods and is released 10 incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be iised in futiire accounting periods; or The donor has imposed conditions which must be met before the charitr), has llnconditional entitlement. IMwEblmentincume Dividends are recognised once the dividend has been declared and i)otificatioii has beeli received of the dividend due. Page 11 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) Expenditure All expcnditiir¢ is re¢ognised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs ¢annot be dirertly attributcd to particular heading% they have been allocated on a basi% con%i8tent with the use of resoiirces, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs ar¢ all￿ated based on the spread of stsff costs. Chtsrltthble aeilvliles c.haritable expenditure comprises those costs incurred by the charity in the delivery of its activities and services lor its beneficiaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatio The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter i Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chariiable purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more gre initially recorded at cost: less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation and #mortisation Depreciation is provided on tangible fixed assets so as to }￿TIte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. A55et class Computer equipment Depreciation rnethod and rate 33.30/0 Straight line Trade debtors Trade debtors are amounrs due from customers for merchandise sold or services perfomied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at ami)rtised ¢ost using the effective interest method. less provi%ion for impainnent. A provision fi)r the impainneiit of debtors is establi%hcd when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalei)ts comprise cash on hand and call dep05lts, and other 5hort-teTlli highl}. liquid investmeiits that are readily convertible to a knowii amount of cash and are subject to an iiisi£nificant risk of change in value. Page 12 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) Trade ereditors '[ rade creditnrs are obligations to pay for goods or services that have been acquir¢d in the ordinary ¢ourse of hu%iness from suppliers. Accounts pa}'able are cla8%ified as ciirrent liabilities if the ¢harity does not have an uncanditional right, at the ¢nd of the reporting perii)d, to defer settl¢ment of the creditor for at leasi t￿,elve months after the reporting date. If there is an unconditional right to defer %ettlement for at least ￿￿'¢Ive mi)nths after the reporting date, they are presented as non-current liabilities. Trade creditors are recogni5ed initially at the transaction price and 5ub5equently measured at ainortised cost using the effective interest method. Fund strueture Unrestricted income funds are general ￿ndS that are available for use at the trustees, discretion in furtherance of the objectives of the charity- Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to thai area or purpose. 2 Incorne from donat10115 and legacie5 Unre51ricled funds General Total 2025 Total 2024 Donations and legacies: Donations from individuals Grants, including capital grants", Grants from companies 15,689 15,689 25,714 19,333 19,33i 42,182 35,022 35,022 67,896 3 Income from eharitable activities Unrestricted fund5 General Restricted fund5 Total 2025 Total 2024 Grants & donations Sales Sundry, income 293,759 293,759 120 100 166,014 120 120 100 220 293,759 293,979 166,134 Page 13 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) 4 Investment income Unr¢5tricted Total 202S Total 2024 General Interest receivable and similar income; Interest receivable on bank deposits 2,895 2,895 3.796 5 Grants and donations Unrestricted funds Restricted funds Total funds Sam and Bella Foundation JiistiLe To¥etl)er Initliltive Paul Hamlyn Foundation Esinee FairbaiTn Foundation City Bridge Foundation Comic Relief AB Charitable Trust Trusi for Llindon Evan Cornish Foundation Souter Trust Britford Bridge Tnist Sundry grants & donations Eurlipean Union Agency for Asylum 58,422 51,341 40,000 40,000 i5,000 i5,000 29,167 4,829 58,422 51,341 40,000 40,000 35,000 i5,000 29,167 4,829 i 0,000 6.000 3,33i 14,648 1,041 10.000 6,000 3.33i I4,￿8 1,041 i5,022 293,759 i28,781 Page 14 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) 6 Expenditure on charitable activities Unrestri¢¢ed Restricted fund5 Total 202S Total 2024 General All Asylos conference External meetings (inc. travel & subsistence) Priniing, publishing & design Training & development Travel costs (staff meetings) Le¥al & professional Co-working space5 Gifts & sundry expenses Insurance IT maintenance & consultancy, softw'are & website costs Office supplies & equipment Service & inaintenance Softivare & website costs Subscriptions Consultan¢y Freelance pay Occupational health Wages. Nl & pensions Depreciatioii Sundry expenses 24,480 24,480 ,910 1,879 1,745 1.301 3,932 3.938 2,359 14 1,480 1,879 1,745 1,301 3,932 4,118 2,359 14 1,480 3,424 596 3.262 31,639 4,190 92 442 180 7,695 222 3,467 222 3,467 5,640 762 63,075 1.349 525 762 63,075 96 11,537 423 238,935 492 223.463 223.463 767 99 767 99 1.472 i37,331 i38.80? 306,393 Page 15 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) 7 Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2025 2024 Staff £0s¢s during the year were: Wages and salaries Social security costs Pension costs 218,280 1,767 3,416 232,729 2,423 3,783 223,463 238,935 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2025 No 2024 No Average number of employees 312024- 8) of the above employees participated in the Defined Contributioii Pension Schemes. Contributions to the employee pensioi) ￿heMeS for the year totalled £3,41612024- £3,78il. No ¢mploye¢ re¢eiv¢d emoluments of more thgn £60,000 diiring the ye The tothl employee benefits of the key management personnel of the charity were £57.537 {2024- £51.058). 8 Independenl examiner'5 fee5 During the period, the fees payable (excluding VAT) io the charity's independent examiner Community Accounting Plus are analysed as follows.. 2025 2024 Independent examiiiation Other financial services 1,100 2,921 950 2,091 4,021 3,041 9 Taxation The charity is a registered charity and is therefore exempt from corporation taxation. Page 16 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) 10 Tangible fixed assets Computer ¢quipmenl Total Cost At l January 2025 Additions 1,476 825 1,476 825 At 31 December 2025 2,?01 2.301 Deprceiation At l January 2025 Charge for the year 492 767 492 767 At i l Decen)ber 2025 1.259 Net book value At 31 DecemlKr 2025 1,042 1,042 At i l DecemlKr 2024 984 Debtors 2025 2024 Trade debtors Prepayments Other debtors 120 1,923 1,982 1,977 2,04i 3,959 12 Cash and cash equivalent5 2025 2024 Cash at bank 210,i24 189,011 13 Creditor5: amounts falling due within one year 202S 2024 Trade creditor5 5,770 2,746 512 1,320 12i,112 Other taxation and social se¢urity Other creditors Accruals Deferred income 10,906 7,241 1,140 90,464 135,460 109,751 Page 17 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) 14 Funds Balance at Balance al I Januarv 2025 Incoming resollr¢es Resource expended December 2025 Tran5fer5 Unrestricted funds Gener￿1 General 84,203 38,137 (1,472) (90,2821 30,586 Restrieted funds Research & Review Outreach. Capacity Building & Partnerships NetiYOTk Coordination Ctsmtns & Influencing Governance & Operations 97,141 (1?2,340) 25,199 36.501 56.416 40,725 63,629 116,856) 176.332) 113.007) (108,796) 19,645 19,916 27,718 45,167 Total restricted funds 294,412 (337,i31) 90,?82 47,363 Total funils 33?,549 (338,803) 77,949 The transfer5 from the Network Coordinatioii and Governaiice & Operations funds to the General fui)d represeiits the iiet book value of fixed assets, the use of ￿'hich is not subject to any restriction. The transfer5 froTn the General fund to the Research & Review, N£t￿,Ork Coordination aiid Govemance & Operations funds are to cover the deficits on these activities. The specific purposes for which the funds are to be applied are as fLIIIows'. Research &. Review - Producing case-specific Country of Origin Information {COI) research reports for people seeking asyliim and their legal represeniatives, and providing independent peer review of the UK Home OITice's Coiintry Policy and Information Notes (CPINS), including thematic publications on key protection issues. Outreach: Capacity, Building & Partnerships - Training legal representatives and caseworkeTS in SOilTcing and usijig COI, with a particular focus on practitioners iii legal aid deserts, and building partnerships with legal, academic and civil society OTganisations to extend the reach and ijnpact of oiir research. Netm'ork Coordination Recrlliting, sUPPOrting, training and coordinating our global volunteer researcher iietw'ork across its regional teams, including the systeins at]d 5tat]dards (such as Rese[￿Ch Standards Support) that et]siire the qiiality. consi5tet]cJ' and ￿..elIbeing of network contributiojis. Comins & lJifluet]cing Publishing and disseminatin£ our research and policy positions, and engaging in dvoLacv, sector networks and policy influeiicii)g to ensure asylun) decisions are based oi) a fair overview of the evidenLe. Goveriiance & Operations Core orgai)isatioi)al running costs, including Board goveTn￿ce, financial Tll(ina¥einei)L fundraising, IT and digital infrastructure, HR and the day-to-day ad￿li)iStration that sustains the chiirity. Page 18 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) Balance at 31 December 2024 Balance at I Januarj. 2024 Incoming resources Resour¢e5 expended Unrestricted funds Gener￿1 General 116,971 71,865 {104,633) 84,203 Restrieted Climic Relief Esmee Fairbarn Foundation Jusiice Together Initiative Trust of Londtsn 17,500 16,667 36.799 37,221 (17,500) (16,667) (49,294) (41,304) 11,667} (i5,328) (40,000) 12.495 Evan Cornish Foundation 1,667 7,501 10,000 Sam & Bella Foundation 27,827 30,(100 City Bridge Foundation Total restricted funds 35,746 166,014 {201,760) Total funds 152,717 2i7,879 {i06,J93} 84,20i Page 19 Asylos Notes to the Financial Stalements for the Year Ended 31 December 2025 (continued) IS Analvsis of net assets between funds Unrestricted 2025 Total funds General Restricted Tangible fixed assets Curreni assets Current liabilities 1,042 39,892 (10,348) 1,042 212,367 {135,460} 172.475 {125.112} Total net assets iO.586 47,36i 77,949 Unrestricted 2024 Total funds General Restrieted Tangible fixed assets Current assets Current liabilities 984 102,506 19,287 984 192,970 109,751 90,464 90,464 Total net assets 84,203 16 Related party transactlOllS There were no relaied parry transactions in the year. 17 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any Other benefit5 from the charity durin¥ the year. Page 20