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2025-08-31-accounts

*PDrJL Impact Report & Financial Statements 2025

EDUCAID SIERRA LEONE IMPACT REPORT 2025

A WORD FROM THE PRESIDENT OF EDUCAID ALUMNI NETWORK

For three decades, EducAid has opened doors , grown leaders, and created a lasting ripple of impact across Sierra Leone. Its work has transformed lives and strengthened communities, providing access to quality education, building confidence, values, and leadership.

Seeing everyone united in service, giving back to the community while embodying EducAid’s values, captured the heart of EducAid, its people, its community, and its enduring influence. It reminded us of the power of education to change lives.

I have experienced this personally and as President of the EducAid Alumni Network, I see it every day through the alumni who carry EducAid’s principles into their own communities. In my role, I lead 600+ active alumni who give back through mentoring, community service, employability skills development, and advocacy. With alumni across Sierra Leone and internationally, our network holds enormous potential to extend EducAid’s impact even further, shaping future generations and ensuring the transformative power of education continues to thrive.

Today, I also serve as EducAid’s Liaison Officer supporting district education leadership and school improvement at the Ministry of Basic and Senior Secondary Education (MBSSE) HQ in Freetown, working closely with government and partners to strengthen outcomes for learners across Sierra Leone.

In many ways, my work feels like giving back to the same system that once changed my life. I’m thrilled to be able to contribute to work that expands opportunity, empowers learners, and advances EducAid’s mission to transform lives through education - not only today, but for the generations to come.

In 2024-25, alongside other members of the Alumni Network, I had the honour of hosting the 30th anniversary celebrations. More than 200 alumni and 50+ friends and partners, including government, NGO, and community leaders, came together to reconnect, share stories, and celebrate three decades of EducAid. One of my favourite moments was during the community service in Port Loko, where alumni worked together to clean the hospital and cemetery and engaged with inmates at the correctional centre to discuss substance abuse awareness.

IBRAHIM BAI BUNDU

PRESIDENT, EDUCAID ALUMNI NETWORK

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

EducAid taught us how to serve the community, how to give back to the community.

EducAid was the place that allowed me to pursue my dreams, playing a piviotal role in shaping my future and career. I am proud to be part of this 30 year journey and I look forward to be part of the growth and success in years to come.

EDUCAID’S ALUMNI NETWORK CELEBRATES 30 YEARS OF EDUCAID

As proud alumni, we celebrate not just our memories but the legacy of hope and empowerment that EducAid represents. From classroom lessons to leadership training, EducAid equipped us with the tools to navigate life, thrive, and contribute to society.

I extend my heartfelt congratulations to EducAid on thirty years of transformative work. The progress made by EducAid’s students and teachers is nothing short of inspiring... As we look to the future, I am confident that EducAid will continue to play a pivotal role in shaping a Sierra Leone powered by a new generation of educated, empowered citizens.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

EDUCAID SIERRA LEONE: 30 YEARS OF IMPACT

2020: COVID-19. EducAid creates radio lessons with the Teaching Services Commission reaching 1.4M children in Sierra Leone whilst sharing lesson learnt during Ebola school closures as widely as possible.

2015-2019 : Quality Enhancement Programme (QEP4E) with the EU, a

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1995:
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2007: EducAid’s Women’s Project (now the Strong Girl Incubator) begins to help outof-school girls back into school.

EducAid is 2000: registered EducAid opens its with the first school in Charity Lumley, Commission Freetown. of England & Classes begin Wales. under a tree.

teacher training and school improvement project that outperformed all targets.

2023:

EducAid leverages 2024: technology to EducAid’s work is advance featured by the education Brookings through projects Institution on using AI and strengthening tablet-based partnerships in learning. education.

1994: EducAid is born! James Boardman 2002: 2003: and Swithun EducAid EducAid Mason visit Sierra Rolal opens Maronka Leone as part of a in Port Primary University College Loko. School London

opens.

exchange and create a sponsorship programme.

2014-2016 : Ebola Epidemic. EducAid responded to Ebola in 3 key ways:

  1. Ensuring safety of staff and students.

  2. Providing remote learning for non-residential students.

  3. Building orphan care centres and integrating orphans into schools.

2018:

EducAid Alumni Network launched.

2022-2025

EducAid becomes an implementing partner in the Sierra Leone Education

Innovation Challenge (SLEIC), working to improve literacy and numeracy for 134,000 children across the country.

2024:

EducAid launches the District of Excellence programme, working in close partnership with the MBSSE to improve education across Port Loko.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Table of

Contents

30 YEARS OF EDUCAID 2 - 4
WHO WE ARE 6- 8
OUR IMPACT IN 2025 9- 19
FUTURE PLANS 19
PARTNERSHIPS & FUNDING 20 - 22
OUR ACCOUNTS 23 - 34

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

About Us

EducAid is a registered UK charity, primarily funded by individuals and charitable organisations in the UK, Europe and the United States. We were incorporated in 1995 as a Charitable Trust (1048012) and transferred into a Charitable Incorporated Entity (CIO) in 2016 (1163161), both registered under the name of EducAid Sierra Leone.

EducAid Sierra Leone is also a registered NGO in Sierra Leone.

EducAid’s Head Office in Sierra Leone is based at our Freetown site; Lumley, where EducAid’s Finance and Operations Team are also based. EducAid’s Education and Programmes Teams work from our Port Loko sites; Maronka and Rolal, with additional governance, fundraising and communications support remotely from the UK. Our registered UK address is EducAid Sierra Leone, 93 Tabernacle Street, London, EC2A 4BA.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Our Strategy

EducAid pupils enjoy free, learner-led, highquality education.

Role model schools: EducAid’s schools are centres of excellence, innovation hubs and teacher training centres.

Partner schools:

EducAid partners with schools to train school leaders and teachers to improve schools and share Education ecosystem change: knowledge to inform system-wide change.EducAid shares learning and supports government to nurture system-level change through school improvement projects and research.

Education Ecosystem & Systems Change: EducAid works hand-in-hand with government to codesign tools, processes and solutions that support system strengthening for learning transformation.

Global networks and advocacy: EducAid shares research and learning to influence the broader international education landscape with learning from Sierra Leone.

I believe in education as a tool that can improve lives, communities, countries and the world as a whole. With education, we are unstoppable, our dreams can be achieved and we can make the world a better place for everyone.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025
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Our Vision

Our Mission

Charitable Objects

Our vision is to create a democratic, dignified and globally-engaged Sierra Leone, where poverty is eliminated by educated citizens.

Our mission is to provide high quality, holistic education to young men and women, which is essential to unlocking human potential, overcoming poverty, improving wellbeing, and building democracy. We believe that education is the cornerstone of stable development

To advance the education of persons living and studying in Sierra Leone.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Our Reach in 2025

65,000 + Students served

3,000 + 120,000 + Teachers trained Community members

250 + Partner schools

We’re not just teaching lessons - we’re building futures.

~ Adama, EducAid Maronka Deputy Primary Site Coordinator

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Key Moments in 2025

EducAid continued to reach new heights in 2025, working every day to strengthen education for a democratic, dignified and globally engaged Sierra Leone. Here are some of our favourite moments and achievements from 2025:

160 EducAid students sat WASSCE, BECE, and NPSE exams. EducAid Rolal proudly celebrated the top-scoring WASSCE student in the country.

116 girls successfully joined secondary school through the Strong Girl Incubator (SGI) programme.

EducAid’s work received global and national visibility on national radio, the BBC and France24, highlighting impact beyond Sierra Leone.

EducAid pupils and staff stood up against genderbased violence and FGM.

Solar panels were installed across all of EducAid’s sites - a huge step in sustainability!

EducAid staff led digital skills training across sites, installing internet and repairing devices.

EducAid pupils took action for the environment, leading clean ups, planting seedlings and growing crops on site.

EducAid students interviewed the British High Commissioner (Josephine Gauld) who noted how impressed she was with their questions.

EducAid students developed their leadership skills and experience through the Ministry for the Future at each EducAid school.

After 3 exciting years, the SLEIC project came to a close impacting 134,000 students across Sierra Leone.

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More than schools: EducAid's Alignment with Sustainable Development EducAid's impact addresses a range of interconnected global challenges reflected in the United Nations. Sustainable Development Goals ISDGS). From eliminating barriers to education and promoting gender equality to driving climate action and fostering economic empowerrnent. we are committed to building a more just.sustainable. and equitable future for all. GEN[ EQUAiIIY UD 13 cl￿ 16 PE￿￿1UsT￿£ AMD STr0 EducAid works to I fight gender inequality and violence against boys and girl throvgh The Strong Girl Incubator ISGII. Girl Power Groups {GPGI. STEMPower and White Ribbon Campaigns IWRCI. EducAid's work with MBSSE to strengthen capacity at district-level via the District of Excellence creates a cofflmon language for actionable and accountable school improvement, aligning with MBSSE policies. curricula and initiatives. EducAid removes barriers to education by providing f ree, high-quality education in our schools, covering all costs including school meals and materials. EducAid promotes an innovative. student-centred and inclusive approach to teaching and learning to ensure quality education. EducAid empowers young people to grow into leaders. teachers and changemakers to shape the future of Sierra Leone and confront the challenges of our rapidly changing world. EducAid is catalyst for climate awareness and action with activities ranging from beach and litter clean ups anij seed planting to larger recycling and single-use plastic reduction projects. 630,000 65,000 12 1000 100 school meals provided in 2025 students educated in 2025 of girls in the SGI successf ully joined secondary education in 2025 Ministries for the Future established t each EdvcAid school Trees planted by the EducAid Green Guardians attendees at EducAid facilitated MBSSE summer training

53,856

exercise books

14,700

bars of soap for students across sites

630,000

school meals

In Sierra Leone, over 6 in 10 children live in poverty (UNICEF, 2026)

EducAid believes that education is one of the most powerful tools to eliminate poverty. In its schools, EducAid provides free, high-quality education to underserved children, as well as school feeding, accommodation, learning materials and access to medicine when needed, removing financial barriers preventing children from learning and achieving their full potential. Our alumni demonstrate the long-term impact of education in reducing poverty. Many former students are now financially independent, breaking cycles of poverty for themselves and their families.

I will never forget the day I received my exam results and noticed that I got the requirements for university. I had never thought of reaching such a level due to many challenges - I will always be thankful to EducAid for that.

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65,000+ students were served by EducAid’s programmes

3,000+ teachers were trained

250+ partner schools were reached across Sierra Leone

96% of 10-year-olds in Sierra Leone cannot read a simple sentence (Global Education Policy Dashboard, 2025)

EducAid champions innovative, student-centred teaching and is committed to inclusive learning, working closely with government, school leaders, teachers, and communities to transform education across Sierra Leone. Our programmes are informed by data-driven insights, enabling sustainable solutions that empower both schools and communities to deliver higher-quality learning outcomes. In 2024-25, our programmes supported more than 250 partner schools across Sierra Leone - reaching more than 65,000 students and 3,000 teachers.

My favourite teacher is Mabinty because she explains everything so well, makes sure we understand, and helps when we make mistakes. She’s always there for us - that’s what keeps me learning and moving forward in school.

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98%

of SGI participants successfully rejoined mainstream education

16 Days of Activism and activities against gender based violence

100%

pass rate of BECE for SGI alumnae in 2025

Sierra Leone ranks 152/172 on UN Gender Inequality Index (UNDP, 2023)

EducAid advances gender equality by working with girls and women, men and boys, students and teachers, school leaders and communities to challenge harmful gender stereotypes and support girls to realise their full potential. EducAid’s inclusive, locally informed programmes – including Girl Power Groups, White Ribbon Campaigns, STEMpower, PAWA and the Strong Girl Incubator – promote the safety, enrolment, retention, and achievement of girls in education. EducAid also provides equal employment and career development opportunities for women, creating more equitable schools and communities.

My favourite thing about EducAid’s equality work is how it promotes teamwork and collaboration across our sites, stands up to challenge injustices such as genderbased violence against women and girls, and encourages respectful relationships where everyone’s voice matters and is heard.

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12

150

56

Ministries for the Future established in each EducAid school

participants in participants in Employability Skills Jobs Placement Programme Programme

In Sierra Leone, informal employment makes up 91.7% of employment (ILO, 2018)

EducAid supports children and young people to grow into leaders and changemakers, equipping them with the skills, confidence, and experience to shape the future of Sierra Leone. This year, EducAid expanded its Ministry for the Future – an initiative enabling EducAid students to take the lead in tackling real-world challenges, contributing to local and national development. EducAid also partnered with King’s Trust International on their projects, Achieve and Get Into, which support pupils and young people to develop employability skills and access meaningful work.

I believe the skills I developed in the programme have been key to my success. Before the programme I could not afford to pay my school fees for two years. Life was uncertain. Today I am able to support my family in a way I did not expect within a matter of months!

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EDUCAID SIERRA LEONE IMPACT REPORT 2025
EducAid’s work directly tackles
SDG 1, breaking the cycle of
poverty
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PV modules installed allowing for solar energy across sites

100

students leading environmental sustainability initiatives

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EducAid students participated in the Climate Action Project by Take Action Global

Sierra Leone is among the 15 economies worst-affected by climate change (IPCC, cited in World Bank, 2025)

EducAid actively promotes climate action education within its schools, programmes, and communities. EducAid school sites are hubs for climate education and action, with newlyinstalled solar power, elimination of single-use plastics, planting seedlings, and engaging students and communities in sustainability projects. These initiatives provide practical, hands-on learning about climate stewardship, while reducing carbon emissions, building climate resilience, and inspiring environmentally conscious behaviour.

What makes EducAid’s work special is the active involvement of our students. The students have taken front-row seats in driving our agenda. EducAid students are setting the pace for climate action in schools across Sierra Leone. They are not just participants - they are leaders of change.

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18,541 students impacted through the District of Excellence Project

100 12,846 attendees at EducAid lesson observations facilitated MBSSE summer conducted by training EducAid

In Sierra Leone, 36% of the total population have access to electricity; 6% in rural areas (UNOPS, 2025)

EducAid works in partnership with the government and communities to sustainably strengthen Sierra Leone’s education system. The District of Excellence project, a collaboration between EducAid and the Ministry of Basic & Senior Secondary Education (MBSSE), unites all education stakeholders around a common vision of educational excellence and provides targeted training, coaching, data and logistical support to MBSSE District teams to ensure this vision is realised district-wide. By co-creating tools and solutions, EducAid and the MBSSE are building resilient, inclusive, and well-functioning education institutions.

I was deeply impressed by the level of coordination and cooperation between the MBSSE in Port Loko and our key partner, EducAid. The synergy between these two institutions has been instrumental in ensuring the successful rollout of the initiative… their partnership stands as a model of effective collaboration in the education sector.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Leveraging Technology to Advance Education

High Tech, Low Tech Solutions: Adapting technology for use in all settings

Beginning with research with FabAI realting to their TheTeacher.AI tool a number of years ago, EducAid has been researching and adapting artificial intelligence to strengthen teaching in Sierra Leone, even where connectivity and materials are limited. EducAid has continued to expand its approach to EdTech and AI. Across its programmes, EducAid is supporting teachers to use a range of AI tools to create interactive, skills-focused learning materials delivered through low-tech methods, including transcribing content onto recycled cardboard for classroom activity stations, enabling learner-centred teaching in schools without devices or printers.

For students in our schools, AI tools help by giving lessons that match how each student learns. Whether you need extra help or can move faster, AI helps you learn at your own pace.

Gibrilla, EducAid Teacher, (March 2025)

Pikin Tab (MBSSE, Imagine Worldwide, EducAid)

Imagine Worldwide’s Pikin Tab program is aligned with the Sierra Leone Government’s commitment to improving the foundational literacy and numeracy skills of all primary school learners. The program uses a tablet-based, adaptive learning software that supplements teacher instruction within the national curriculum and timetable. EducAid is helping Imagine Worldwide to implement and scale this project, ensuring each child uses a tablet for 30-60 minutes per day to receive personalised lessons in reading, writing, and maths.

26,962 150 112 students teachers schools

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

EDUCAID SIERRA LEONE ANNUAL REPORT 2024

Future Plans

We believe that solutions to Sierra Leone's most pressing challenges already exist within its communities.

As we look to the future, EducAid remains committed to ensuring every child in Sierra Leone has access to high-quality education that enables them to thrive and contribute to their communities.

A key priority for the year ahead is the continued development and expansion of the District of Excellence model. In 2024-25, EducAid and the Ministry of Basic & Senior Secondary Education made important progress designing an effective model and tools that we are eager to put into action. EducAid will continue working with government, school leaders, and communities to strengthen education systems at district level, sharing effective practices and supporting sustainable improvements across Sierra Leone. Our ambition is to demonstrate how locally led, evidence-based, and truly collaborative approaches can improve outcomes for all learners and contribute to national education goals.

Alongside this, we will continue to strengthen our schools , improve learning outcomes, and expand opportunities for leadership development. This includes continuing to support the Ministry for the Future, which provides an important platform for pupils to gain leadership experience and develop innovative solutions to complex challenges.

We will continue to enhance learning environments through targeted infrastructure improvements, improved connectivity, and greater access to technology, helping to create safe, inspiring spaces where students can learn, collaborate, and succeed.

Through our growing network of partners , we will deepen our work on education innovation, equality, youth leadership, environmental sustainability, and community engagement. We will continue to be a community-driven organisation with an international outlook, sharing our research and learning from Sierra Leone as widely as possible to inform the work of others in Sierra Leone and beyond.

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Partners

Achieving impact through collaboration

A huge thank you to the following organisations for their generous support of our work in 2024-25. We also wish to extend our thanks to the many donors who chose to remain anonymous and to EducAid’s individual supporters who have given generously to EducAid, taken part in fundraising events or told others about our work. Each of you has played a vital role in all EducAid has achieved.

EDUCAID SIERRA LEONE IMPACT REPORT 2025

A WORD FROM OUR CHAIR

Dear Friends and Partners,

I am very proud to have become EducAid’s Chair, and to be closing this annual report for 2024-25 and EducAid’s 30th anniversary year. As you will have seen, it has been an exciting and significant year and, as an example, the Big Give 2024 raised more than £30,000 for EducAid’s Rolal School in Port Loko District.

EducAid’s schools and wider programmes are serving as role models for education across Sierra Leone. These are positively impacting over 250 schools and training more than 3,000 teachers . This year, I was fortunate to visit our programmes and schools across the country, meeting many members of the EducAid community. What impressed me was how deeply EducAid is embedded within its local communities and how well it is working hand-in-hand with the government to deliver inclusive educational programmes for so many young people.

EducAid is at an exciting point as an organisation as we expand and increase our impact. It was particularly poignant to meet our partners and see the positive influence of EducAid, reaching some of the most underserved schools and villages across the country. What was very evident to me was the motivation and dedication of the EducAid staff and how this permeates through to partner schools, creating a real force for change.

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EducAid is proudly Sierra Leonean, led by a dedicated
team who go the extra mile to ensure real learning for
every child.
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The team prides itself on regular professional development, involving EducAid led training events and additional degrees, and all this is delivered, on top of already busy schedules. As part of this professional development, EducAid provides excellent coaching and mentoring which in turn has created a growing and passionate leadership team. All of this ensures the sustainability and the future success of EducAid and reflects our ambitious vision of a democratic, dignified and globally engaged Sierra Leone, and our unwavering commitment to improving education for all.

These successes and our continued progress, reflect the immense skill and commitment of the entire EducAid team, led by our exceptional Chief Executive, Erin Northey, and our Country Director, Dr Miriam Mason-Sesay. I sincerely thank them and all our donors and partners, for the invaluable contributions that make real change possible.

Together, we are making a difference .

EducAid is proudly Sierra Leonean, led by a dedicated team, who not only go the extra mile to reach the remotest schools, but also the last metre into every classroom, to ensure real learning for the children they are teaching.

With kind regards,

YVONNE WATKINS

CHAIR, EDUCAID BOARD OF TRUSTEES

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EDUCAID SIERRA LEONE IMPACT REPORT 2025

Income and Expenditure Breakdown

Total Income: Total Expenditure: £1,961,050 £1,811,506

In 2024-25, EducAid’s income grew by 41.87% to £1,961,050 with income from charitable activities growing significantly to £1,629,507 (from £1,065,019). This was driven largely by institutional funding for projects such as EducAid’s project with Imagine Worldwide which accounted for almost 33% of income. This funding, alongside partnerships with the Irish Embassy of Freetown for the Accountable Inclusive Education in Port Loko District project and Bridges Outcomes Partnerships for the Sierra Leone Education Innovation Challenge which both accounted for 18% of total income, highlights the growing importance of EducAid’s projects.

The stability and agility that makes EducAid’s work possible is a result of the continued generosity of EducAid’s individual supporters, whose donations were relatively steady at £304,855, a decrease of only .25% during a challenging climate for fundraising. Each and every donation matters to our organisation.

Donations and legacies £304.85k Raising funds £85.64k Charitable activities £1.63m Charitable activities £1.73m Other income £26.69k

Expenditure rose by 24% to £1,811,506, reflecting increased programme activity, with ongoing challenges from inflation and exchange rate volatility managed through cost control and cash flow oversight. Fundraising costs increased, with a slight increase to 5% of income, up from 4% in 2024.

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The income sources during the period under review were:

The trustees present their annual report and financial statements of the Charity for the period ended 31st August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102, effective 1 January 2019).

EducAid’s financial performance in 2025 reflects significant growth in our programme activity. The Statement of Financial Activities shows a surplus for the period of £149,544 compared to a deficit of £75,642 in 2024. This increased our total reserves from £334,443 in 2024 to £483,987 in 2025.

In 2024-25, EducAid’s income grew by 41.87% to £1,961,050 (£1,382,276 in 2024) with income from charitable activities growing significantly to £1,629,507 (from £1,065,019 in 2024), driven largely by institutional funding for projects such as EducAid’s work with Imagine Worldwide, which accounted for almost 33% of income. This funding, alongside collaboration with the Irish Embassy of Freetown for the Accountable Inclusive Education in Port Loko District project and Bridges Outcomes Partnerships for the Sierra Leone Education Innovation Challenge, which both accounted for 18% of total income, highlights the growing importance of EducAid’s projects. The continued generosity of EducAid’s supporters, whose donations were relatively steady at £304,855, a decrease of only.25% continue to humble us and make much of our work possible.

Expenditure rose by 24% to £1,811,506 (from £1,457,918 in 2024), reflecting increased programme activity, with ongoing challenges from inflation and exchange rate volatility managed through cost control and cash flow oversight. Staff and other costs were in line with budget, notwithstanding the inflationary pressures.

Total fundraising costs increased to £85.641 (from £58,531 in 2024), a slight increase to 5% of income, up from 4% 2024.

nations less than £5,000 £
27,500
ividual donations of £5,000 or more 232,514
nation in Kind 44,841
b Total 304,855
ckdale Foundation 45,923
ter Stebbings Memorial Charity 4,000
bal School Leaders 47,122
ingAcademies Network 484
Tech Hub 11,478
g's Trust International 77,104
xtEnergyFoundation 91,759
h Embassyof Freetown 348,120
dges Outcome Partnership 341,350
agine Worldwide 627,153
e BigGive 7,500
ppel Deutschland e.V. 14,043
Moller 6,121
t4Life 7,350
b Total 1,629,507
tal 1,934,362

Under the terms of the Constitution, the Charity has the power to make any investment, which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that bank deposits meet their requirements to hold monies for future expenditure.

Income for the year, including the purpose for which received, is further analysed in notes 2 and 3 of the accounts.

The Trustees have considered the appropriate level of reserves required to ensure the Charity can continue to operate effectively in the event of unforeseen reductions in income. The Charity aims to maintain unrestricted free reserves sufficient to cover approximately 3–6 months of average unrestricted expenditure. This provides financial resilience while ensuring that funds are primarily used to deliver charitable impact.

The reserves held in unrestricted funds, which have not been designated or invested in fixed assets, at 31 August 2025 were £162,997 (2024 - £158,899). The Trustees consider this level of reserves to be slightly above the target level of £155,000 and will continue to monitor reserves closely in line with financial risks and funding volatility. The overall level of reserves at 31 August 2025 stood at £483,987 increased from £334,443 at 31 August 2024.

In 2025, EducAid expanded its project work, increasing the total amount raised to £1,961,050 (£1,382,276 in 2024). EducAid Sierra Leone has continued to work to diversify the funding base which has relied more on trusts and foundations (T&F) in recent years. In the year ending 31 August 2025, restricted income comprised 83% of total income (77% in 2024). EducAid’s fundraising efforts in 2024-25 focused on securing funding from institutional sources for specific projects and initiatives, including schools. Priority was given to research grants and opportunities as EducAid works to establish itself as an educational research hub in Sierra Leone. EducAid continued to raise its profile via different communications channels. EducAid will continue these efforts to raise its profile and reach in 2025-26, working to increase unrestricted income which provides important flexibility and larger, multi-year projects that will allow EducAid to deliver its ambitious strategy and vision.

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The Charity was registered with the Charity Commission on 17 August 2015 under charity number 1163161 as a charitable incorporated organisation. The Governing document which can be obtained on request by writing to EducAid Sierra Leone, sets out the objects and powers of the Charity and governs the actions of the Trustees.

: 1163161

Yvonne Watkins – Chair, appointed 1 October 2024 James Boardman

Colin Carmichael – until 30[th] November 2025

Maryam Darwich

Veronique Désnain Rupert Eastell – until 30[th] November 2025 Alison French, appointed 1 October 2024 Richard Harrison-until 27 June 2024 John Heine, appointed 1 October 2024 Alhaji Komeh, appointed 1 October 2024 Karen Malia - until 17 June 2024 Jack Robinson, Treasurer, appointed 1 October 2024 Hannah Samu, appointed 1 October 2024

Erin Northey – Chief Executive Officer Dr Miriam Mason-Sesay – Country Director

: 93 Tabernacle Street, London, EC2A 4BA

In setting our objectives and planning our activities, the Trustees have given due consideration to the Charity Commission’s guidance on public benefit in accordance with section 17 of the Charities Act 2011.

EducAid Sierra Leone exists to advance education for children and young people in Sierra Leone, particularly those from disadvantaged backgrounds. Our activities, including the provision of free education, teacher training, school improvement programmes, and community engagement initiatives, are designed to deliver clear and measurable public benefit.

The Trustees are satisfied that the Charity’s activities and achievements, as set out in this report, demonstrate that we are delivering our charitable purposes for the public benefit.

www.educaid.org.uk

: SCB (Accountants) Ltd,31 Sackville Street, Manchester, M1 3LZ

The Charity works closely with other similar organisations as detailed in elsewhere in the Trustees’ Report. None of the Charity’s Trustees are directors or trustees of these other organisations.

Barclays Bank plc, 53, Bedford Row, Leicestershire, LE87 2BB

The Constitution permits the Board of Trustees to appoint additional Trustees as it considers fit to do so.

The Board of Trustees carried out a review to identify the board’s needs and skills gaps as EducAid changes, recruiting six new Trustees who joined in 2024-25.

The Trustees aspire to maintain a good working knowledge of charity law and best practice by regular reading of charity press articles and scrutiny of Charity Commission, other Government and voluntary organisation advisory websites. New Trustees are given copies of the Governing Document and of previous year’s minutes and attend an induction session given by an experienced Trustee which outlines expectations. Trustees have a six month (2 meeting) probationary period during, when they can be full and active participants in board discussions as observers.

This probationary period is an opportunity for the incoming Trustee to get to know how the organisation works and identify areas where they can support the organisation before becoming a Trustee. Each Trustee is paired with another Trustee to discuss papers before Trustee meetings and to have an appointed colleague for support throughout their time as an EducAid Trustee.

The Trustees of the charity meet at least quarterly as a Board, with one of those meetings focused on developing the charity’s priorities and financial plans for the coming year. In addition, Trustees sit on Board Sub-Committees which are focused on different aspects of the charity’s operations.

As an organisation with important responsibilities towards our beneficiaries, donors, supporters, staff and the public, we recognise the importance of raising accountability and transparency in all aspects of our work. That is why, in line with recommendations from the National Council for Voluntary Organizations’ 2014 inquiry into executive pay, we are detailing our approach to pay.

To achieve our mission successfully the Board must balance two different needs: the need to ensure value for money in everything we do, and the need to attract and retain people with the leadership, experience, knowledge and skills required to lead the transformation EducAid is undergoing and oversee the complex, high-risk work being done in a challenging environment. Having a competitive reward offering is one way in which we secure the best people to deliver unprecedented levels of meaningful change to the lives of children in Sierra Leone. Aiming to maximize our impact through fair salaries for talented people is what defines our approach to pay.

The Board of Trustees is responsible for defining EducAid's pay policy and deciding on the salaries of the Chief Executive and her executive team, including the Country Director and in-country Finance & Operations Manager.

Our approach is to remunerate our staff fairly, at a level that is competitive within the charity sector, proportionate to the complexity of each role, and in line with our charitable objectives. From these principles, we have defined our pay policy:

  1. Ensure that pay reflects performance by rewarding strong performers the most, whilst supportively managing performance improvement for all.

  2. Meet all national pay standards and provide all paid staff with a living wage.

EducAid adopts a number of practices through which this policy is implemented:

24

  1. Provide larger salary increases for strong performers.

  2. Provide all paid staff with a salary at least in line with guidance from the Campaign for a Living Wage where applicable.

The trustees have a risk management strategy which comprises:

  1. An annual review of the risks the charity may face.

  2. The establishment of systems and procedures to mitigate those risks identified.

  3. Implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

  4. A Finance & Risk Committee that regularly reviews risks.

  5. Monthly monitoring and reporting of top risks to Trustees which is incorporated into the annual review of risks and risk register.

In addition to the risk management strategy an operational working group meets fortnightly and operating risk is a key part of the weekly agenda.

EducAid is committed to fundraising in a way that we believe to be best practice, learning from guidance issued by The Fundraising Regulator and in line with our values. EducAid is registered with the Fundraising Regulator and adheres to the guidance issued by this body. EducAid has procedures and policies in place which govern our approach to fundraising, including compliance with GDPR. EducAid has received no complaints related to fundraising during this period. EducAid makes a point of valuing all donors and prospective supporters, never pressuring anyone to give and ensuring all communication from EducAid is consented to by recipient. Additionally, EducAid believes in creating lasting change and does not use shocking or negative images or stories as part of its fundraising. At EducAid, we focus on sharing stories of beneficiaries as empowered agents of change.

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, of the Charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the Charity and the financial information included on the Charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

In so far as the Trustees are aware:

EducAid will further fine tune and adapt its 2022-27 strategy to the needs of Sierra Leone, consistent with its vision and using the three pillars: School Improvement, Research & Advocacy and Running Schools as a guide. These pillars and how they interact to strengthen the work of one another provide a foundation and model for EducAid’s work and priorities going forward. EducAid’s Board of Trustees under the leadership of a new Chair, to be appointed in October 2025 will focus on how to continue to build the Charity’s capacity through development of the Sierra Leone team.

A resolution will be proposed and agreed at the Annual General Meeting that SCB (Accountants) Ltd be reappointed as auditors of the Charity for the ensuing period.

This report was approved by the Board of Trustees on 26[th] June 2026 and signed on its behalf:

----- Start of picture text -----
Jack Robinson
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Yvonne Watkins

The Charity trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

25

We have audited the financial statements of EducAid Sierra Leone for the year ended 31 August 2025, which comprise the Statement of Financial Activities (Summary Income and Expenditure Account), the Balance Sheet, the Cashflow statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were:

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact.

We have nothing to report in this regard.

In our opinion, based on the work undertaken in the course of the audit:

As explained more fully in the trustees’ responsibilities statements set out on page 11, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charities’ ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the Directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations and remained alert to any indications of non-compliance.

During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to the Charities Act 2011, SORP 2019 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and appropriateness of other entries in the nominal ledger; reviewing transactions around the end of the reporting period; and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

26

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

This report, including the opinions, has been prepared for and only for the Charity’s Trustees as a body in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act (Regulation 30 of the Charities (Accounts and Reports) Regulations 2008) and for no other purpose. To the fullest extent permitted by law, we do not accept or assume any responsibility to anyone other than the Charity and the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

29.06.2026

N otes Unrestricted
Funds
Restricted
Funds
2025 2024
£ £ £ £
Income
Donations and Legacies 2 304,855 - 304,855 305,640
Income from charitable activities 3 - 1,629,507 1,629,507 1,065,019
Other Income 4 26,688 - 26,688 11,617
-
Total income 331,543 1,629,507 1,961,050 1,382,276
Expenditure
Cost of raising funds 5 85,641 - 85,641 58,531
Expenditure on charitable activities 5 202,543 1,523,322 1,725,865 1,399,387
Total expenditure 288,184 1,523,322 1,811,506 1,457,918
Net income/( expenditure) before
transfers		 43,359 106,185 149,544 (75,642)
Transfers between funds (7,515) 7,515 - -
Net income/(expenditure) before
other recognisedgains		 35,844 113,700 149,544 (75,642)
Net movement in funds 35,844 113,700 149,544 (75,642)
Reconciliation of funds
Total funds,brought forward 330,032 4,411 334,443 410,085
Total funds,carried forward 14 365,876 118,111 483,987 334,443

None of the Charity’s activities were acquired or discontinued during the above financial period.

The Charity has no unrecognized gains or losses other than the above movement in funds for the above financial year.

The notes on pages 29 to 34 form part of these accounts.

27

Notes 2025 2025 2025 2024 2024 2024
£ £ £ £
ed Assets
ngibleFixedAssets 10 202,879 171,133
rrent Assets
btors andPrepayments 11 45,341 53,659
sh at Bank and in Hand 504,557 474,906
549,898 528,565
bilities
editors: due within oneyear 12 (268,790 ) (365,255)
t Current Assets 281,108 163,310
t Assets 483,987 334,443
e Funds of the Charity
restricted Funds 14 365,876 330,032
stricted Funds 14 118,111 4,411
tal CharityFunds 483,987 334,443

The Trustees have prepared accounts in accordance with Section 138 of the Charities Act 2011.

These accounts were approved by the Board of Trustees on 26[th] June 2026 and were signed on its behalf by:

2025 2024
£
 £
ow from operating activities 106,025 323,029
om investing activities
xed assets (76,374) (34,946)
tflow) from investing activities (76374) (34946)
, ,
rease) in cash & cash equivalents during the year 29,651 288,083
equivalents at the beginning of the year 474,906 186,823
cash equivalents at the end of theyear 504,557 474,906
2025 2024
£ £
in funds 149,544 (75,642)
for:
charges 47,783 33,703
alue ofopeningfixed assets caused by currencyfluctuations (3,156) 11,026
rease) in debtors 8,318 66,728
crease in creditors (96,465) 287,214
ow from operatingactivities 106,025 323,029

The notes on pages 29 to 34 form part of these accounts.

28

The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011 and applicable regulations.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations, but which has since been withdrawn.

The accounts (financial statements) are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

EducAid Sierra Leone meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

After considering the forecasts, sensitivities and available mitigating actions, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the Trustees continue to adopt the going concern basis of accounting in preparing these financial statements.

All income is included in the consolidated SOFA when the charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grants are credited to the SOFA when the charity is entitled to the funds. Grant income is only deferred where there are time constraints imposed by the donor or if the funding is performance related.

Where entitlement to grants receivable is dependent upon the fulfilment of conditions within the charity’s control, the income is recognized when there is sufficient evidence that conditions will be met.

Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.

Capital grants for the purchase of fixed assets are credited to restricted income sources on the earlier date of when they are received or receivable. Depreciation on related fixed assets is charged against the restricted fund.

The Trustees have assessed whether the charity is a going concern, considering a period of at least twelve months from the date of approval of these financial statements.

In making this assessment, the Trustees have reviewed detailed cash flow forecasts covering the period to 31 May 2027, which take into account the charity’s current financial position, expected future income and planned expenditure.

Unrealised gains resulting from the conversion of Sierra Leone fixed assets into pound sterling are recognised in the statement of financial activities.

Tangible fixed assets are capitalised and depreciated over their useful economic lives in accordance with the charity’s depreciation policy. As the related assets are held within unrestricted funds, depreciation is charged to unrestricted expenditure.

At 31 March 2026, the charity held cash balances of approximately £1.34 million, providing a strong liquidity position at the start of the assessment period.

Investment income is recognised when receivable.

The forecasts indicate that, under the base case, the charity will continue to meet its liabilities as they fall due, with cash balances remaining positive throughout the period, albeit reducing over time.

The Trustees have applied judgement in preparing these forecasts, including assumptions that:

Income from charitable activities include income recognise as earned (as the related goods and services are provided) under contract.

Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.

The Trustees recognise that a significant proportion of the charity’s income is derived from voluntary donations and grant funding, which are inherently uncertain. In addition, some future programme income is not contractually committed at the balance sheet date.

As part of their assessment, the Trustees have considered downside scenarios, including:

Donated professional services and donated facilities are recognised as income when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of ambassadors is not recognised.

Donated professional services and donated facilities are recognise on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognise in expenditure in the period of receipt.

Under these scenarios, the forecasts indicate that the charity would continue to operate with positive cash balances, although with reduced headroom and increased reliance on management actions, including the deferral of discretionary expenditure and cost-saving measures.

The Trustees note that the charity has a track record of active financial management and has demonstrated the ability to respond to changes in funding levels through timely cost control measures.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

29

Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include back-office costs, finance and administration personnel, payroll and governance costs which support the Charity’s programmed and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.

The unrestricted fund comprises those monies, which may be used towards meeting the charitable objectives of the Charity at the discretion of the Board.

The restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor-imposed conditions.

Tangible fixed assets (excluding investments) are stated at cost less depreciation. Minor additions or those costing less than £5,000 are not capitalized. Tangible fixed assets in Sierra Leone are converted in pound sterling as at balance sheet date. Unrealized gains/losses on account of currency fluctuations are charged/recognise to statement of financial activities.

Depreciation is provided at rates calculated to write of the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold buildings - Over 15 years on a straight-line basis. Furniture, Fixtures - Over 5 years on a straight-line basis. and equipment’s Vehicles - Over 3 years on a straight-line basis.

Stock is shown at the lower of cost and net realisable value.

Cash at bank and in hand includes cash and short-term cash deposits.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the closing exchange rate at the balance sheet date. Foreign currency transactions are initially recorded at the spot exchange rate at the date of the transaction. Exchange differences arising on translation are recognised in Note 5 (Analysis of Expenditure as Other Direct Costs) within the Statement of Financial Activities.

The Charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

In the application of the company’s accounting policies, the Charity is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods which are addressed as below

Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
al donation above £5000 27,500 - 27,500 43,713
onations(Less than £5,000 ) 232,514 - 232,514 260,882
ns in kind 44,841 - 44,841 1,045
304,855 - 304,855 305,640

The donations and legacies income in 2025 totaling £305,640 was attributed to unrestricted funds.

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The donations in kind are recognised within income as donations, and corresponding charges included within support costs under pro bono advice.

This was advice and review of various contracts for consultants and projects.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

30

Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Grants and Contract Income
Rockdale Foundation - 45,923 45,923 -
Peter Stebbings Memorial Charity - 4,000 4,000 -
Global School Leaders - 47,122 47,122 -
RisingAcademies Network - 484 484 -
EdTech Hub - 11,478 11,478 -
King's Trust International
 - 77,104 77,104 -
NextEnergyFoundation
 - 91,759 91,759 -
Irish Embassyof Freetown
 - 348,120 348,120 203,214
Bridges Outcome Partnership - 341,350 341,350 348,647
Imagine Worldwide - 627,153 627,153 378,288
The BigGive - 7,500 7,500 10,000
L'’appel Deutschland e.V. - 14,043 14,043 15,277
A Moller - 6121 6121 7893

Set4Life		 - ,
7,350		 ,
7,350		 ,
6,000
GuernseyOverseas Aid - - - 4,287
SL Events and Fundraising - - - 10,559
Open Development and Education - - - 7,500
Souter Charitable Trust - - - 3,000
Fab Data - - - 52,367
Evan Cornish Foundation - - - 10,000
Southhall - - - 5,000
EUI - - - 2,987
- 1,629,507 1,629,507 1,065,019

Income from charitable activities in 2025 totaling £1,629,507 was attributed to restricted funds.

Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Bank interest 1,356 - 1,356 953
Other Income 25,331 - 25,331 10,664
26,688 - 26,688 11,617
Raising
Funds
Running
Schools		 School
Improvement /
Teacher
Training		 Post
Secondary
Strategy		 Equality,
Technology &
Other Projects		 Total Total
2025 2024
£
£		 £ £ £ £ £
her Costs
61,934
62,082		 122,961 21,955 159,160 428,092 371,311
18,384
221,142		 459,761 9,243 520,236 1,228,766 971,108
6)
4,935
62,244		 35,805 1,917 41,745 146,646 107,127
Note 6)
388
1,369		 2,814 151 3,280 8,002 8,372
85,641
346,837		 621,341 33,266 724,421 1,811,506 1,457,918

Of the £1,811,506 (2024: £1,457,918) expenditure of £288,184 was charged to unrestricted funds (2024: £347,035) and £1,523,322 to restricted funds (2024: £110,883).

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s key activity undertaken (see note 5) in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.

General Governance Total Total
Support 2025 2024
£ £ £ £
43,341 - 43,341 44,302
osts
37,456		 - 37,456 46,957
ional Fees
21007		 - 21007 15515

,
t
44,841
-		 ,
44,841		 ,
1,045
- 8,000 8,000 7,680
146,645 8,000 154,645 115,499
2025 2024
£ £
fter charging:
8,000 7,680
47,783 33,703
55,783 41,383

Other income includes non-core receipts such as project-related funding (FCC and GESL), contributions, asset sale proceeds, bank interest, refunds and reversals, staff recoveries, settlements, and releases of amounts where conditions were unmet or expired (including EOS and leave balances).

31

2025 2024
£ £
COSTS
s and wages 403,833 334,680
Security Costs 27,684 24,023
39,916 56,910
415,613
471,433

One employee received employee benefits (excluding employer pension costs) within the band of £70,000 to £80,000 during the year (2024: One employee) and one employee received employee benefits (excluding employer pension cost) within the band of £60,000 to £70,000 during the year (2024: one employee)

The charity trustees were not paid nor received any other benefits from employment with the charity in the year (2024: £nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

The key management personnel of the Charity comprise the UK Chief Executive and the Country Director Sierra Leone. The total employee benefits of the key management personnel in the year were £150,480 (2024: £143,543).

verage number of full-time equivalent employees was as follows:
2025 2024
aising andmanagement 3 3
ing &ProjectStaff 80 74
istration and Support 7 7
90 84
2025 2024
£ £
Net Book Values
FreeholdBuildings 78,000 86,050
Fixtures,Fittings&Equipment 109,391 49,508
Motor Vehicles 15,488 35,575
202,879 171,133
MovementsintheYear
Opening Currency Closing
Balances Additions Devaluation Balances
Cost or Valuation £ £ £ £
Freehold Buildings 105,591 - (1,363) 104,228
Fixtures, Fittings & Equipment 86,746 76,374 (1,116) 162,004
Motor Vehicles 77,751 - (1,000) 76,751
270,088 76,374 (3,479) 342,983
Movements in the Year Opening Charge for Currency Closing
Balances Year Devaluation Balances
Depreciation £ £ £ £
Freehold Buildings 19,538 6,347 343 26,228
Fixtures, Fittings & Equipment 37,239 15,853 (479) 52,613
Motor Vehicles 42,178 25,584 (6,499) 61,263
98,955 47,783 (6,635) 140,104

The currency devaluation reflects exchange rate movements when assets held in Sierra Leone are translated from SLL to GBP for reporting purposes

32

2025 2024
£ £
d Receivable 1,672 3,245
yments 3,055 3,861
ed Income 40,614 46,553
45,341 53,659
2025 2024
£ £
nand SocialSecurity 1,911 10,038
Creditors 809 3,865
als 9,956 14,680
ed Income(Note 13) 256,114 336,672
268,790 365,255
2025 2024
ents in theyear:
ed Income at 1st September 2024 336,672 47,712
rces deferred in theyear 256,114 336,672
ed duringtheyear (336,672) (47,712)
ed Income at 31st August 2025 256,114 336,672

Deferred Income in 2025 represent income from below:

Fab Inc £60,643 (2024-Nil) represents income for rapid evaluation of Gemini Guided Learning in Sierra Leone Rockdale £169,593 (2024-Nil) represent income for school quality assurance officer leadership training. Next Energy £17,379 (2024-Nil) represent income for solar repairs, generator and energy costs.

One World £8,500 (2024-Nil) represent income received to financial support necessary for running the Ignite Bo project.

Irish Aid Nil (2024-£336,672) represents funds for the Accountable Inclusive Education in Port Loko project.

Balance at Income Expenditure Transfers Balance at
01.09.2024 31.08.2025
icted Funds £ £ £ £ £
rCharitableTrust 2687 - (2687) - -

er		 ,
1724		 6121 ,
1378		 - 9223
el Deutschland e.V. ,
-		 ,
14,043		 ,
(14,043)		 - ,
-
ife - 7350 (7350) - -
es Outcomes Partnerships - ,
341,350		 ,
(341,350)		 - -
ne Worldwide - 627,153 (627,153) - -
igGive - 7,500 (7,500) - -
ale Foundation - 45,923 (28,343) - 17,580
Stebbings Memorial Foundation - 4,000 (3,685) - 315
mbassyof Freetown - 348,120 (336,672) - 11,448
l School Leaders - 47,122 (47,122) - -
Academies Network - 484 (484) - -
h Hub - 11,478 (11,478) - -
Trust International - 77,104 (77,104) - -
nergyFoundation - 91,759 (12,214) - 79,545
FCC - - (7,515) 7,515 -
4,411 1,629,507 (1,523,322) 7,515 118,111
tricted Funds
al Funds 330,032 331,543 (288,184) (7,515) 365,876
Funds 334,443 1,961,050 (1,811,506) - 483,987

33

01.09.2023 31.08.2024
ted Funds £ £ £ £ £
Deutschland e.V. 30,315 15,277 (45,592) - -
evelopment and Educatio n
-		 7,500 (7,500) - -
- 6,000 (3,313) - 2,687
Charitable Trust 6,000 3,000 (9,000) - -
ll - 5,000 (5,000) - -
- 2,987 (2,987) - -
- 7,893 (6,169) - 1,724
rnish Foundation - 10,000 (10,000) - -
Outcomes Partnerships - 348,647 (348,647) - -
yOverseas Aid 13,281 4,287 (17,568) - -
Worldwide - 378,288 (378,288) - -
bassyof Freetown - 170,775 (170,775) - -
a - 52,367 (52,367) - -
n Cole FamilyScholarshi pFund
679		 - (679) - -
Give - 10,000 (10,000) - -
ts and Fundraising - 10,559 (10,559) - -
- 32,439 (32,439) - -
50,275 1,065,019 (1,110,883) - 4,411
icted Funds
Funds 359,810 317,257 (347,035) - 330,032
unds 410,085 1,382,276 (1,457,918) - 334,443
0

– Restricted donations were provided by a number of individuals towards several activities including university sponsorships and contributions towards the Business Administration and Management Course and school running costs. Restricted funds were also provided by funders for projects relating to school infrastructure, education and research.

Unrestricted Restricted
Funds Funds Total
£ £ £
202,879 - 202,879
sets 162,997 118,111 281,108
365,876 118,111 483,987
Unrestricted Restricted
Funds Funds Total
£ £ £
171,133 - 171,133
sets 158,899 4,411 163,310
330,032 4,411 334,443

During the year the Charity received donations totalling £6,160 (2024 - £30,290) from Trustees. There were no other related party transactions during the year (2024: £nil).

The Charity is controlled by the trustees on behalf of the members.

General funds represent funds available to spend at the discretion of the trustees after allowing for all designated funds.

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