2021-12-31-accounts

impact Irusl Inspire Inform. Report of the Trustees and Financi31 Statements for the year ended 31 December 2021 for Impact Trust Registered UK Charity. Number: 1167011 South African Public Benefft (kganisation. PBO 931Y138303

The Impact Trust CHAIRPERSON'S STATEMENT A Spiritual Blaze frtwn the MthlleAges to the Renoissunce. ft uspintuollkn." ￿ESI￿llh￿e to rtse to o newhÉYght 01v￿10￿. ID u newlevelof lrfe. butijpwurd. exarKlr Solzhenitsyin, June 1978 In last yearfs chairn￿n,5 Report I reflected on the ￿ndeffl￿ and the hidden gifts contained within tragedy. Today, while the 5th wave spreads across the UK and South Africa. the headlinÈs pivot to a new human tragedy- Russia's despotic invasion of Ukraine. Famine sweeps across AfrKA and the rest of the w(Kld. As y￿j read this. 570 fXKJ people are starving to death in just 4 countries- 193 rnillion across $3 territories are ￿the1¥ insecure and in need of urgent assistan￿.TheSe are. by sorne rnargin. the hEhe5t numbeE5 ever recorded. The cost of deliverire aid 15 a150 Soaring. The World Food Programme gets more than half of the wheat it supplies from Ukraine and Russia. ￿sinE pri￿$ because of the war means the organisation is now paying 3LVX more for food corripared to 2019- an extra y2 million a month. The progranme vmns the world i5fKing a Thureer catastrophe". Plague, faffline. conquest aThJ war. four hOrseTh￿￿ of the a￿talYpse are ridtngthe way- with dirnate crisis the prevailing wind behind their back& What ¢an tha￿ the narrative? A preaiNJs fewof us will make lower cartth mobilty. plastic that doesn't wllute, meatless meat, or pea￿ in theatre5 of war. Many of us sa¥ water. cartKJn. wildlrfe, whiFe helping other5 less fortunate. Yet the hor5ernen gather pace. How can they be Stopped? A critical mass of us. rrch and [￿. need to Iple more resilient We need to know what restlIen￿ mearts. How deeply it affects daily living. Our mornent by momentdecisl￿& We need to inspire and support entrweneuv5, driven to make their coM￿￿nity and world a t￿tter pke. This is why the Impatt Trust developed Routes 2 Resilien￿. We focus on youth and young adults on the cusp of change. The Tnlst in5ted 5 years in content devehJwEnL testi￿ refinirE and certification. We have worked across the 5pectrurn of advantage and vulnerability. We have seen stunningtr3nsfomiations. yetwe have ten frustrated by our lack of reach. We ￿ljSt reach rn111￿nS, not hundred& In the pastyear. Route5 2 Reylie%Ke has become a social franchise Openi￿ up the opwxbjnity for its accredited courses to be gifted to likfrminded enterprises and sthools committed to preparing young people for the future. We have licensed organisatiOn5 in South Africa and two more are 8oiTra thro￿7 the pr(￿. bringing nation21 notworkg into play. The UK and IU are a8erKIa. We cannot do this al0￿. Cbse collabordtion 15 needed to ltht a spiritual blaze acmss the wodd. I wish to thank my felkiw board who gi¥E so of their and wisdom", with a speoal thanks to our CEO, Tamiin Rathiffe. who per50nffie5 the purprtse-dri¥en entreteneur. The ImpactTrust ha5 Ixlld plan& Because therE is no ￿able alternati￿. We shtsll have to rise to o newheightof Vision. to tt new levelof lrfe. Mike Freedman Chalrrna￿ knpact T￿$t Page 2

The Impact Tmst REPO1￿ OFTHE DIREcfoR FOR THE YEAR ENDED 31 DE(El•WER 21￿1 "A person iso person thnxwh other1ef5￿￿ Noneof us crnmrto the MryldfvlfyAom￿￿ We would not know how to think or vA)l< ￿SpeaK orbeht7ve as hunron being5 unle55 we leomed itfrom other humon b￿n9$. We needother humonLring5 in order to be human."Arthbisho Desmond Tutu 2000 If 2020 was 8 year of reckonin& 2021 ￿Med dete￿Trined to make sure the me55age landed: INe differentty. live consc)usly. live (J)mpass)natety. live consideratety. We a￿ al ujnnected. Archbish(¥> Desrmnd Tutu. who sad passed awdy just as the came to an Ènd. has perhaps sabj it tfWJ5t Swnp￿. We rannot be human akJ￿￿. We nee(1 to live wrth Ubjntu. Covid19 rel1￿￿ its rwn resilienre thrThJghwt the 35 wave afterw￿ resulted in repeated l￿d[}Wn& Brief moments of re¥Jite making evident the of physical crfflnection for well)eing- For many of us. wernote and online learning or wrrting using Whate￿ tethnokJgEs we could remained a meaningtul wayto maintain connectron to oui'normaf ￿es. Yet there are miKions those la(& of ac￿5 to technok)gy has meant that learning has beers limited or worse. aFrested. Forthe S￿￿)1 children and young adult4 most especially, thi5'105 Covid continued to pL3gue marry of our own plans in 2021: our Jur R2R immersion had to w>stponed and our December imrrersion can￿lled amid the tDLtrth wave ofth4bJ Irrfe￿10n& We saddened when SAIU had to wlthdrawtheir students from extracufTicular atti¥itE5 like R2R in order to wv)Fiti5e learnthigarKI academ catchup. We were delighted also by havingthe OPFKrtunityto reconnett wtth Cthristel House learner5-our first cohort of CH students since 2018. We hamr stwit to WP[￿rt catth up ￿l￿tUr}ItieS for our Part￿r5 wheFe¥er possible. In the UK, the R2R pr(wamThE pibt with Litth Sthod has t￿n enthusia￿]callY received even th(MJgh slowed down by lo(downs. of the worst impacts on learning gap5 are refleded in this regwjn of the UK and we were therefore delighted to recei¥E funding suppixt from A¥i¥3 has helped translate the first R2R ccfflterrt to digital resOUr￿S nd provide each sbjdent with alresstothe LEhisail LitwacytcxA readire ¥thh now indudes new ecoliterary and geography c(￿tent. We have been amazed at howthe stude¥rts at Little Lever have taken to ￿ading-at home, at school. in the corridow5-With this applKatKJn and 7 trwe to see tht5 er(M in the coming yeaT and to Ewjild on it as a resource within R2R resource hub. We 3150 remain antiCipatr￿ of the pckntial of the unwaue teilKK)kwthat the Collab will affi￿￿ to a£￿￿Tate the deveknpnnt of learnll￿ ec05y5tems in liWike vthen face-tsFfate learning is not possible. We will o)ntinue to explce way5 VT we (an SUPFXWt its develcynent fvrther. As the inter￿nnected globRI cri5e5 we fao continue to grow. d￿knating the ofchangè ￿YOnd traditronal approaches to educats"on,the need pr(warnmes like R2R 15 UitKal not only because they awaken vision. nurtUTe Potential and expose y(￿th to Workpla￿ OFPCrtunits. but tE13use thÉy w(y4ide c￿￿5?1 MOW￿ntuM to add￿55 inequality of acces5 and poverty of opportunity for1￿ rna1￿1ty. Unleashing ttte taknt and tx)tential of young peopte from the wide# diverw of life eyperience will help u5 all LTEate a mcffe inclu5i¥e solut)n ￿ the way otjr souetyand workplaces w1 operate. Whilstthi5 calls for an wgent am aeas. it is in educati(￿. S￿i￿lty education for life, in world readirw, that will ￿ decisive. 2021 is thus a yearwhen the Trust rellerted fvrther on the need to expand the Teath of its Routes to Resilience. Wirh the departure in March of Ann de Passos to ljuikl her (Mn famdy. this'h(Mto' vras an essential question. Our dediCatic￿ to the Bap¥ to designing and testing cweatsj, Collaborati￿ solutions ar￿ then find 74Wdy5 in which they tan reach the woyld has aws been ow m￿u5 r¥Jerarnli Establishl￿the RLWtes to Resilien￿ programme in 3 way that allowed us to Ci>ntinue'exwmentat￿n. direct deli￿. vthi&t also building the capacty of OTganisatK)n5 to Ilevelop their ￿rtified R2R faalitators ￿p￿ble of deli¥eringthe content as wt of an R2R 'con5telEion', has bpen a p￿erful exPe￿n￿ and ￿ havE amed so hEry much. With full a[[￿lta￿.0n ofthe wwamme athieved rn 2021 and recognition ofthe Sygnatu￿ Prcydrnmme as a Duke of EdinbU￿h si￿eT Level~Climate Leade[5 Award-, we believe it istime for R2R to into the ¥AKld. The finan(ial ststements akn refiett the SUCC of Routes to Resilience and tts w)tential for5UStainabty. rKoNrydirE its sep4Th to peo from all walks of life. Thi5 ha5 5uprnned ourdeciwn to let it take off wrth keYpart￿lS and reath a greater nUM￿r of benef￿laTies. As 3 resulL Trustees ffb3de ￿ftts of use ofthe R2R brdnd. Cl￿nt mat￿1a15. to R2RSANPC, to Artrvate Acadwand to Afrika fikkun Gecffd* now leaNEs thE Trnst to do head up R2R5ANPCand we are P4e3

The Impact Trust excited to t(rfinue our kw3nd1￿ Fe￿iLY￿1pS ith Afra fikkun and Pajivate Ptsdemyand to (￿r unfolding relationship with Columba Leadershryi and Lit￿ Le¥￿ Schc#)L We will C(￿tinUe to identsfy otlEropp)rtunities not only in South Africa a150 in the UK aThl. indeed. elSe4￿e as the wwdmme gr￿ The Trust's distinctive value has ￿en in build1r￿ refiexive sustainability education. whKh ensures that both the direct rollout of programmes, and the suppcrt we gi% to other5. 15 of a quality aml depth that rn￿ht better enable sustained and transformati1￿ learning in our benefi(iari& Refiectwe w￿lce Th￿on$ that we seek to understand the constittjenry with whom we work at all stages of our en828ement.. that we rec￿E$e that people are alway5 in a state Of-becomin￿ and that shffting cL￿Clou5n￿ is not an ￿ent but an extended proces We are delighted to have E15peth Dono￿an forrnally on board at the Tru# as the-Con5tellaii￿ c(￿lnatOr for Routes to Re￿Ilence programmes. ensuring partners are sufficEntty skilled, aware and (wrrent crfthe we5 of 5UStainability in prinaple and prartice. and that the T￿t suppcrt mentoriry aThl coathi￿OfacuedIted p3rtnws (an be pr￿ided. We end this year-the year in whith we entered doub￿ diBrts with our birthdayon 21° October 2021- with a fully graduated Routes to ResilierKe Pl￿ramme actNe with three independent partners together reath in excess of 30.0￿ young pe(yle a yèar. We V•ryll cC￿tinue to look f(Ypartnersh4)S with those vtho afe committed to ensuring young people gain the 5ISta175 1ntel1eenr￿ and sustainat#bty leadewship to th11￿ despite the uncertainty that wlll contlnue to pveval in cwr futures. We are eager to supixrt crtFs partner5hips1th: Or8anisat)ns or corr¥)at)ie5 that seek OUT help io equip unemp￿￿1 yDung adults ith a deeper sense Df themSe￿S in their ThX)rk or hcvne Communi￿5, the 8k)bal thallenge and the ofagenry. Those wtho seek to incrKporate sustainzbilty educati￿ in their rKo8rammes, io deveknp awareness of the 81obal wtyuisis thrwh a systems-thinking so deepening kn¢wledge of solutions that follow principles of crcularity and of the green economy, and enc(xwa8e y￿rth to fmd thÈ ¥tibte. act with confidence and t￿lId communlty. that 15 YOU please be in tcwth with u In our other inltiatives, we continue to proyess our work in sustainable develop￿t and ￿nI￿tiOnal resilience. We are particularty excited alxiut the wogress of our work exploringthè practices that tan hets) people at work. collectivety, to surwve and thrive. Thi5 feels more imp(vtant than before as 'iwnisational' re$￿ienCe-0f peoplè and communltles- Is $0 evidentty critKal io wellbeing and llourishlng lfrrfes. We would like to thank all the contributors to this work lor their en8a8emert We bjok fThr. Many OF u5 have been on frjr a re5Ptte, an end-a V- day if y(KJ like- a day on which we can 'return' to nfxmal, a day that marksthe end thE pandemic. the Conflict. the war, the extreme weather disarters... the ambEuity and uncertainty thai ￿coMe such a Stark fp3ture of lik in the 2020s. That day15 not here. It's unliketyto t* hEre in the neaf future and the indefinite middle-yound. the lack of a clpar Ilne In tho sand 15 akin to the experienLE ofarri￿ ks The Ion8 and short ofk is this: r￿d to fmd waysto eNpn n c(xnfortable~with uncertainty and amb￿u￿ty. This calls on us to reswnd to the need for thange in h(￿¥ we INe. As 3 Sp￿leS ¥￿ the 'imaginal cell￿. the huge capacityfor ingenurty and Inn(Wat￿n. to 5UPPryt radiol transfrymatiDn and eff￿8￿ tD lib￿ in an entirety different way. We have to tjse thi5 capacltyfor change. As S3￿ ￿ last yearfs thairman's Slatemen¢ Tr pandemic ha5 humbled humanrty. Yet within its chambers of h￿rOrS have been eift& We and must th>thing5 bettÈr. (lo thin85 differentty and do differeFrt thinss.... The urgency is 5t4wklyclear. Tamiin Rattliffe Page 4

The Impart Trust REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The trLStees present tlEir report with the financial statements of the charity ènd the group for the year ended 31 December 2021. The trustees have ad£yted the prrfvisions of the Statement of Recofftmended Practice applicable to charitie5 preparing ther alxwnts in a￿)[danIE ryth the Financial Rewrting Standard kKSrnaller Entitie5 (the FRSSEI leffective l January 20151. Reference and Administration Charity Name The namè ofthe charty is the Impact TTust1lhÈTru5t"I The charity has also bcen krThvn as the SEED Impact Tr1￿ IUKI and the Nexii De¥elowent ImpaciTrust ISA}. Both names were changed in January 2017 to èlign and enable the consdidation of actmt￿S and account& UK Charity Number 1167011 SA Public Benefft Organisation Number 93￿38303 PBO Trustees Mhke Freedm8n Ichairl Anthony Harold Notcutt Gillian Kettaneh Gerard Mario Sah)le Simon Pe￿e Programme Director Tamzin Rattlrffe Prinapal Offi 30 Kings Lane. ￿ndlesha￿ Surrry, GU20 6JQ Independent Examiner Tiffany Purves. FCA CA1&41 About Finance Limlted. 9 Danesfield, Ripley &Jrrey GU23 6LS Tel: [phone] Bankers CAF Bank Limited. 25 KIft￿ Hill Ave. KMES ￿￿1. W￿t malb"￿ ME19 4fA T&. +443Cm ll3 Structure, governance and management Governing Document The Trust 1% a ￿lstered charity. number 1167011, constituted under a Tn￿ Dped dated 26th November 2015. The Jth Afn.￿n Trust was equaltyestsb1is1￿d under a Deed of Twst dated 21" lknber 2011 and is ro8iStered as a Public Benefft (kE3ni5a*ion number 93(￿38303. Page 5

The Impact Trust The Trust wa5 established with an snitial 8rftfr¢)m the Found￿ The Tn￿ actively fundrai5es and Ixjth implements and suppcKt pri%rammesthat promcrte sustainable &obaty ttwh with a strong pro8ramme focus on activtbes in the Europe and Afri(a. Method of appointment of Trustees The Deed pYovKles for a minimum of three trustee& All trustee5 Bive of thewtimefreety and notrustee remuneration was paid in the year. Detads of trustee expenses and related partytransacticKts are di5dt>5ed in the notes to the accounts. Trustee5 are requwed to disdose all rele4ant ￿terests and reg￿rthern with the Prceramme Manager and, in accordance wTrth the Tr￿$￿5 p)liry. to rythdrdw from d￿iSIonS wtheTe a confict of interest arises. The tTUStees will consmler new trustee apwirrtments re(wited their kncA¥ledge. empathy experience of the charity and tts mi&sion ar￿ to ensure the ski1Tr5 and COME￿It￿)n of the twstee body and 5uccessiofi planning 15 optimtsed. Underthe pr￿lsionS of the Deed of T￿￿. arytrustee may prow￿ a trustee who is Vjll￿TrE and elgible to 3Ct as a trust￿. Newtrustees may also be sought lry open athrtisement ￿ throLeh a dIa￿gUe wtth prospe interested partie5 who respect the ethos and corrHnrtment of the Trust and its charttable objertNes. There ¥￿e no chaw tothe TTUStee Board tlwiry and Mike Freedman continuesto be Chaimian. Induction and training of Trustees There is no fomal induction process. Howe¥w. a prwwy)inlment txewtaIi￿ intrc#Juces the obpcts arml 3divrtie5 to potentialTrustees and literature is made available tooudine and darify the work of the Trust. In additton. all Tru5tee5 are introdu￿￿ to the responsibilities and dutie5 of a trustee and the expectatim the Charity has of them. All trustees have considerable evrIen￿ etther as trustees or as company dw(or5. Related parties The Trust has a South African"sisterf charity. a ￿gIster￿1 public benefit(xwanisation. also called the Itnp3Ct Trust (previously kn(Thvn as the De¥Elopment IM￿Cl Trusil lead5 the prL%ramme delivery of its work IFE South and Southern AfrKa. The lfflpact Trust Isouth Africa) 15 registered as a Trnst Itt2801120111 and Public Benefit Organisation with South Africall Reversue ServKÈs IPBO 93￿383031. tt raise5 fund5 separatefyand in (Dnjunction with the ImpactTrust UK for its prrerammatit wL¥k in AfrKa. A de[isi￿ wastaken in January 2018 at the joint board meeting of the Trustees of both entities that thetwo Trusts woukl CL￿￿A￿l3te thew b)ard struc￿[e5. apwmnt a Group Chairand provKlÈ consdidated accounts from 2018 cNBnl5. Dtfrring the year the Trust 2021, the departure of ArFn de Passos as CEO of R￿teS to Resilience Limited ollowed the Trust to T￿)5￿￿0￿ itself as the sole shareholder of the 50rial enterwi5e in the UK. In S(•Jth AfT￿a Routes to Resilience's Icome generating artNity was sep3r3ted into a'sisterf ncTrpfofft cornp3ny Routes to Resilience S￿￿th Africa NPC IR2RSANPCI establisheil in Jénuary 2021. The Tnjst continues to make loalls and grants to suprH)rt the ongoing growth and developmert of the Route5 to Resilience prrerammÈ and continue to seek partnerships organisations able and committed to its prLwammes who rEach arxl eroa£È learners and ￿ur21￿5 from deeply under- resourced schools and impoverished Wwnmunities to md(e use of the Routes to Resilience wogramme. Risk management The trustees have a duty to identify arHI review the risk% towhich the chaTttyi5 exposed and to ensure appFOPtiate controls are ￿ pla￿ to Pr￿41de reasonaNe assuran￿ against fraud and error. The Tnjstees recognise that excharyge ratE fluC￿Zt￿on$ may result in ￿ndS Bndlortrdnsfwred to berthiaries boingdifferentto those anticipated or budgeted for. The trustees ha¥E reviewed thi5 iiskand e5t4blished a polKy to manage Tt which retains the focu5 on the public bpnefft workbjnded for our benefThries and le￿rtS to don(xs a(ccfdingty. The Tr￿￿ee$ also reco8ni5e the risk5 aSS(￿lated with rts loan to RrAlte5 to ResilieKTr whith Wds Slyjr￿ from an tndependent donor SPEcifi(zlly for this purpose and therefore can be ccmsidered to be wrety-risk ca￿tal in seryice of mbssion". The Trust intends to ben@fr( in the IDng terFnS with -wofit share- from su¢re5sful R2R prrwamrres bein8 Feturned to the Trust to build its resources for supM of its FVDBramme Objectives and activities for the public benefit The prNnary PurF￿Se of the Ttusl 15 to addies5 al￿ F￿￿￿te sustainairfe development and S￿Inable livelihwd practices. WÈ ￿lI￿e that multiple literacies translate(l into actions arÈ a means to developing the leadEf5hip competencie5 and citizenship 5kdls that will 9[￿n￿te the enaclThnt of yJstsinatA"kty ￿ pr￿t￿e. build strong democrncies and suppcrt reslient corr¥nunii*

The Impart Trust We fwjs on key literacies that ccKrtribute to ￿d￿Ship in prauKe aKI (itiMship in aclmjn: t￿1¢ Tradmg and ￿ltE environmental Isustainabiltyi literaLy, Workpl￿ literacy, health liter3ry. political literacy and shareholder literaLy. We do this by identifying unders￿￿lIng the gaps in wogramffes, strateBie5, pclicies or w3clice and then by deS￿nIng adIa￿Ert Possibilitk￿ or redwingTrew 5y5turG apwoathe5and then advtKating for change that will move the need towards sustainability in practi￿. In all its efforts, the Trust t￿5 works with ￿CoUntab￿. tran4Trarent and effect1￿ hEh MmpacÈ social purpose drÉving initi3tiNES aimed at 5dving pre&sing issues of gknbal envirc￿￿r￿nts1 charge and ￿sta￿able development These include programme5 that deliver muhitAe liter•s and leadership skJ"lls. perstThl and profe5sM)n31, to weather the global social and erwronmental tr3n5itl￿L Our pro8rammes in phAanthropy. education. work and workl readine55 have. as their prunary objective, the goal of promoting and irLcrea5ing sust8inability alld wellbeire in the changing workl d w(rt and employabilrty. ultimately drrving more 5U5tainable d￿(y￿En( lite wactTh. INelthwd5 and couettive capa(ityfor resilience including adaptive capacityto ck.mate ris The Trust meets ils objertives th[￿gh a pr(yam¥ne of fvndralsl￿ pr(yamme desw and implementation. researth and advocacy. Rec(¥dnising the ie5ponsibility to work co11aL￿t￿￿1yand supwrt strategic pttwawnmes and activities that avoid duplicati￿ of effort and. thatare relevantaThl effDent in thelr impatt and use of resouice5. the Trustees have detErmined to commit resour￿ to fewer key inrti3tv￿S that supm irs mIss￿n ar￿ work to see t￿M to a good conclu5K)n. In this way the Trust. as 3 scoal venture catt and incubat¢¥. h(bpes to ensure it is able to contribute signfficantty to the depth and impact of e￿￿￿te￿￿ts desiw to drive p05th SLKial chat¥e. Strategic priorities At an annual meeting oftrustees atthe 5tsrt of eath ￿ar. the trustees agree the IKtJad stfaty arpas of attivsty for The Trust induding consMJeratl￿ of Trnt seèk"tn& prcernmmatic acti￿ty. ¥KAi(ies and performan1￿. The day-to. day administration of fundraisillg and grant makire attp4iots. and and handlire of apFthations is delegated to the Prcyamme Director. Over the past fve yeais. ueating and incubing the Rcrtesto Resilien￿ prLyamme has ￿en a core strdtegic prKJrity for the Tnjst. With this accomplished. 2022 ￿kS to dr￿¢ f￿rd the Trusfs 1lesih.ence at Wtxy inrtiati4E. refiecting on the fom)al and iTrf(Kmal practin that help f 5ur¥Trp and atwThk and hplping in the for workplace wellbeing and couectbve beyond -I￿s￿neSS as ugJal-. Financial review Total grdnt5 recei¥ed in the year 20213mounted to £176.73512020: £195.9311 induding Grtt Aid Inco￿ associated with indiwdual drMationk This indudes grarrts of £23,403 r￿￿￿￿e￿ in the LIK12020: £39911) and grnnts of RI￿5.178 received in South Africa12020: ZAKa29LXBI. Monies remitted to beneficrary organi5atK>ns 3nd v5ed tocoNv w(wamme expendibjre amounted to f33.?￿12020.. £10,627) from the UK and ZAR92732612020: ZAR2.T352421 in &MJth AfrTr. At thè end ofthe yearthere were cash reserves in the UK of £53.09012020: £6&014}. Ofthis, £33.(iil is a lor¥-terni103n to R(Mrtes to Resi￿n￿ ar approximatety £12,500 was to cover Wogr3mW￿ artivibe5 in 2022. In SrMJth Africa reserves of ZARI,430,32312020.. ZAR728.4561 ranained ofwhith R617.(Kil ￿d$ reser%￿￿ to fu￿ R2R Fwramme actviities and RI10I￿lI forthe IverlÈa thrary ProFCt in 2022. Reserves policy The Trust￿ aim to esE3bli5h free reserves in unrestrthd funds at a le￿1 which equates to apwoNimately four months of unrestrirted experrditure requirementk The ttU5teesconsider thatthis will prry4ry(le sufficient cash re5erve5 to support 3ttiyities and ensure t￿re are furKls wdi13blo to ccweradmlntslratr￿ and gcNÈrnancÈ c0515. The balance held in reserve 15 believed to be adequate tocolv corè Orgar￿￿nal aLtibryh￿ frythe fwst ha￿of theyear. Prinapal funding sourre5 Donot support Trusts. FOtsttdd1￿n5 and i¥￿I¥1￿Uals in the UK has ljeen in51rumental in sUP￿rting prwamrnati£ activrty and the tr¥Jstees arE grateful for thIssu14￿ whith has enabled itto make itryxxtart wow￿55 this ￿ar. P<e7

The Impact Trust This report has been prepared in accordan￿ wtth the Attounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin£ theii accounts in accordance with the Financial Reporting Standard for Srnallèr Entf(ies Ithe FR￿ETr (effective I january 20151. Approved by order of the Board of Trustees on the 2rd day of June 2922 and signed on its behaw by.. Mike Freedman Chairman mon Peile Trustee Page 8

The Impact Trust INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 I report on the accwnts forthe UKTru5t for the ended 31 Decemlr 2021, whith are set out on pages 11 to 14. Respective responsibilities of trustees and examiner The chhr4W5 trustees are re5FonSI￿e fcff the preparation of the accounts. The Chari￿5 trust￿ consmlerthat an audit is not required for this ytar underthe (harities Pn. An examination indudes a review of the account￿ records kept bythe charity and a crmparison of the accounts presented with those records. It a150 inC￿deS Considerati￿ of any unusual items or d￿d0S￿reS ift the accounts, and See￿ng explanations from the tTUStees con(erllin¥ arry such matter5. The w(Ke(lure undertaken to not provide all the e￿den￿ that vKJuld required in an audit and cOnSeq￿nty no tipini￿ is 8p4en as to wthether the ac(ounts wesent a 'true and fair ¥ievK and the rep£￿ is litntted to those matters set out in the statements below. Independent examinerfs statement In connettton wwth my examinatton, no matter has come to my attent)n: lil which Bives me reasonable c3USe to belI￿e that. in any material respect the Tequirements: lal to kEep ac(x¥unting recowds in accordarts V4Tth sett￿n 130 of the 2011 Ad: and Ibl to prepare accounts which aca¥d with the aCc￿ntirE rec(￿d$ and ¢omF4y with the accounting reguirements ofthe 2011 Act. have not been wnet: 121 to whth. in my (pinicth. attention sh￿￿j be drawn in cwderto enabk a woptr undwstanding ofthe accounts to be reached. Tiffany Purve5 FCA CA ISAI Director. ALwJut Finan￿ Limited 9 Danesfield. Ripley, SurreyGU23 615 Tel.. [phone] June 2022 Page g

The Impact Trust STATEMENT OF UK FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 20ZO INCOMING RESOURCES Incoming res(wj￿s from geneF3ted funds Grants re￿1ve￿ (designated. re5trÈcted) Grants re￿1Ved lunresirtctedl TOTALINCOMING RESOURCES £ 22.377 £ 1.026 £ 23.403 £28.170 £ 11.741 £ 39,911 RESOURCES EXPENDED Operating cost5 Choritable arti¥?￿5 To beneficiaries & advor2cy proyamme5 E 5.047 £ 3.0 £ 33,2&) £ 38.327 £ 10,778 £ 13.874 TOTAL R￿OuRCEs EXPENDED NEt incorning resources 14.924 £ 26,037 RECONCIUATION OF FUNDS Net incoming resourtes Total funds brought forwanl £ 68.014 ￿14￿24 £ 26,037 £ 41.977 TOTAL FUNDS CARRIED FORWARD £53, £ 68.014 Page 10

The Impact Trust UK BALANCE SHEET AT 31 DECEMBER 2021 Note 2021 2020 CURRENT ASSETS Cash at bank and in hand Debtors Long-term Loan to R2R £ 20.090 £ 35,014 £33,OCK) £ 33.CXIO CURRENT UABILITIES Accruals NET CURRENT ASSETS £ 53.090 f 6g,014 FUNDS Unrestrirted funds b/fwd Designated unrestricted funds £ 68.014 1£ 14.9241 £ 41,977 £ 26.037 TOTAL FUNDS £ 53.0 £ 68.014 Trustees, responsibilities in relation to the financial statements The trustees acknowledge that they are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial 5tatÈments for each financial yÈar which give b true and fair view of the state of alfairs of the charity and of the incoming resources and application of resources of the charsty for that vear. In pieparing these financial statements. the trustee5 are rÈquired to-. Select 5Uitable accounting policies and then apply them consistently Observe the methods and printÈples of the CharitiEs SORP Make judgements and Èstimates that are rea50n3ble and prudent State whether applicable accounting standard5 have been followed. 5ubjett to any departures disclosed and explained in the financial statements- and Prepa￿ the financial Statements on the going concern basis unle55 It 15 inappropriate to do so. The trustees are responsible for keeping actounting records which disclose with reasonable aciuraty the financial position of thÈ charity and enable them to a5Certabn to ensure that the financial statements cornp￿ with the Charities Act 2011 and the provisions of the trust deed. They are 31so responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The trustees are responsible for the integrity of the charity and financial information included on the charitrfs website. The Charity is entitled to exemption from audit under Sertion 144121 of the Charities Act 2011 (the 2011 Att). Approved by resolution of the board of trustees on 2 June 2022 and signed on tts behalf by Mlke Freoornan on PeilE Trnstee Chairman Page 11

The Impart Trust NOTES TO THE UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting Policies The finanaal statements havp t￿7 P￿pared in 3[rnrdan￿ ￿1th Fin3rKial ftep(vtwigStandaFd for Smaller Entities IFRSSEI (effective January 20151 and the requireft￿nts ot the 5tatemEntof ReWmw￿ded Practi￿. Acc(NJnting and Reporting byCharit& Incoming resources All incoming reSoUr￿S 3re induded on thÈ Statement of Financol Acti¥it5 when the tharity is Segally entitled to the income and the arnourrt Can be quantified wilh reascffialAe acojracy. The value of the donated gr￿￿S and f3cilities as well as pro¥Kled byvolunteers has not I￿en included in the afxThJn Resource5 expended Charrtable expenditure comprise5 those C(￿ incurred by the charity in the delrvery of its attl￿tIeS and Se￿ICe5 for its beneficiaries. It indudes costs that can be allocated dirertly to suth actpiiti2s and those costs of an indirect nature necessary to SUPFKJrt them. Expendi￿re is reccyised as a liabdity ￿tthe￿ li is irKurred. Governènce costs indudes those costs aSs￿l￿ted vrith ￿e￿iD8the constibjtional and statut￿ regurements of the charity and cost5 linked to the strategic management of the charity. Grants offered sUbj￿i to condition5 whith have not been at the year-end date are noted a5 fi5nds commiited l¥Jt nrA acC￿ed as eXp￿dit￿re. Charltable activities This relates to grants given either tothe Trusvs yjbsidiary ￿ S(th Afrn or to its partnership ￿￿￿ficIarleS accordin8 to the intents(pns and s￿r￿at1(￿S of tr￿ donTh5 to 5pe£rfK Charitab￿ a Taxation The charity is exempt from tax on its d￿rItable athl1￿% Fund accountlng Unrestricted fvnds Designated funds De5Enated fiinds are unre5tritted funds eamiaiked for 5pecrfx objectives or a parti(ularproiect and can ￿ utilised at the di5(Tetion of the trustees to furtherthe objetti￿S of the project crx)cerned. Restricted funds RestriLted funds can only be used for particular wrthin the objects ofthe charity. Restrickns arise when Costs of generating voluntary income Costs aSS￿lated With generat￿￿ 7•vluntary incow in(&th (1)Sts￿￿ted to lil fvndraising activities suth as Èvents. network membershFpfees. datèbase subsuiptions. staffing c05t5 and related adMIn￿trati4￿ or other suppc¥t aCti¥rti￿ necessaryto secure funding SUNK>rt for the trnsvs a￿l￿treS and those ijt its partnuship (K£ani￿tIN lill Governano and accounting costs a￿￿lated 7ryth ff￿ting the constituticKFèI and 5tstutory requiremeftts of the thaiity and costs linkEd to the strdteeK of tharity. Duiing the year, no staff￿g costs were incurred fundrais￿ and fundraising costs Wère thus limrtÈd to administrative. st3tionery. communications and membership/ ￿b5[TIPlIcffi fees assrxiated with database Sub￿[ptiOns. ne￿ membershw and partiapatw)n in ke¥fUnd￿￿￿ew8nts suth Funding Network U ND trustee remuneration or swnilar benefits of any kind paKI totrustees for the yEar ended 31 Decembei 2021 nor were any expenses irK3Jrred for the acti¥itse5 or 5UPPOrt offered Iryt[￿t￿ P¢e 12

The Impart Trust Activities after year end The Impatt Trust i5 a 50(ial ventuR nojbator. We Klentifygaps in a￿1￿1rethe (￿)eCti￿S of sustainable deveknpment, resilience and community emwwerment. And we strive to work collaLxJratith to weave together the ple￿S and partners that can bridge and re¥￿ to these spa￿.The T￿￿t 15 ￿an aFKI agile aTrJ does not keep a core staff or heavy infrastructure. working instead wwth a diverse group of and knjers. oxpertsand ex￿rtIse. who come together organicalty to address and rwand tothe Trusys priyammes. The Route5 to Resilien￿ lniliati¥￿ has been ofthe Tru5gs gxh creat)n& As it its i(￿￿ar milestone in Ortober 2022. theTntsYs2021 re¥￿4 of its prw and achie4ments mcst e5peaalty in the South African context where signifKant investment has been made. suggested that thE Trusvs Latatytic rc4e had been succe5sfvJlfy athipved and it was time to find w￿3 that R￿Jte$to Resilien￿ wcyamme5 CfAJkl take fllht. We have expknred ideas simtkrto a s(Kial fra￿h1$e model that W￿k1 8rft the R2R pr(yamme to committed and like- minded accredited partner5who would e￿￿￿Ered aThJ atAe to delr•tr the prcwamme to their beneficiar+e& This mDdel was deewned to be respJnsi¥T. impactful aMI able to other or8anisationsMffxkwhi15t not building tore delivery infrastnjcture in the Trust. The challenge was how to do this wtih a Pr￿lamme that was ac(Jedited and wanted to Ma￿taIn a standard of wecwiition and W even whdst wsi¥ to community need. educational opp(xtunity and requirement We have rK>W achieved thi5 ￿ oui fvstth￿e partner orEani5ations- ofwhith R2RSANPC 15 one-and with the guidan￿ and apwintmesrt of Ewh Donv4an in the Tn￿ as (￿St￿lan. menby. advisor and constellation cocdinator. This will rem(F￿ the Twu5tfrom the l(w5tKal, (4yNxial and IM￿￿17￿nI3t[0n requirements of the work in South Africa ttwh with orerAng mentorship SUPlXXt and standards setting wovided for all partners as part of the Tnjsvs actredltatlL￿ siatu This meant that after the end Decembtr 2021. in the fwst quartef of 2022, R2RSANPC t￿C(￿e an independent enttywith Ils own team and trK>aTd of drertoTh A wrth Acli¥ate Arademy and Afrika fikkun Servi￿. R2FiSANPC h35 been li￿Sed and accredited to use and exparKI its delivery of all Route5 to Resilien￿ offering5 in its market. The Trusvs representatpie Ilirectors. Simon Peile and Tamiin Radlrffe. thus resigned fr(Th the Board in March 2022 and a new board was ap￿￿nted ￿ Geordie Radliffe. Executi￿ Directrx in 2021. We are delighted to have prreressed this new ¥enture and wrth R2RSANPC and its board ¥ery well. PaEe 13

The Impact Trust DETAILED STATEMENT OF UK INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 INCOMTr4G RESOURCES Voluntary Income Grants received (designated. restricted) Grants received lunrestn"ctedl Totsl income £ 22377 £ 1.026 £ 23￿3 £ 28.170 £ 11.741 £ 39311 RESOURCES EXPENDED Charitable activities Grants remitted to ￿neficiary projec151 OfEanig*ions Support costs Bank tharges Conferen £ 33.280 £ 10.627 5S Internship costs & stipends Marketing & Brand DevelO￿￿nt Office Expenses/ Technolosy l Equipment Partnership5 1 Fundrai& Professional Fees Other: Memberships, Subsulptit￿S. iknnains Travel £ 1.9T3 £ 1.452 550 419 151 720 524 £ 1.378 Total costs £ 38327 £ I3￿74 Plet {outgoirtg)fincoming resou Total funds brou8ht forward Total funds tarrfed fDrward 1£ 143Z4) £ 68.014 £53J £ 26m7 £ 41.977 £ S8￿14 P4e 14

The Impact Trust impact Irusl Inspire. Inform. Ignite. APPENDIX THE IMPACT TRUST {SouthAfrica and United Kingdom) CONSOUDATEO FINANCIAL STATEMENTS IPresented In GBP For the year ended 31 December 2021 Marycke A.S. Roche Chartered Accauntsnt (SA) Page 15

The Impart Trust The tEPOrts and &tatements set out LMMrytse th conSo￿at￿l folamial statements pte5enied to Trustees.. Contents: Pa statement of Finallcial Position statetnent ofcory￿hertslY£ Incoff P￿10

The Impact Trust STATEMENT OF FINANCIAL POSITION 2021 GBP 2020 GBP ASSETS Non-current assets 33,000 Loans to R2R UK Ltd 33.000 Currenl assets Cash and equivaknts Accounts ￿CeIvab Expenses paKI in adwance 95276 91.127 4.149 70.564 63.686 691 6.187 Total assets 128276 103A64 CAPITAL AND UABILMES Trust Capital Founder donation Accumulated profts 123A29 102 75 28 102.547 123,400 CunEnt liabilities Sundry suppliers- accwua& 4.847 4.847 989 Total caprtal and liabilities 128 76 103A64 P4e 17

The Impart Trust STATEMEKf OF COMPREHENsnE INCOME 2021 2020 INCOMING RESOURCES Grnnt Funding Grant Funding 112.680 112.680 184.383 184.383 DonatK¥ns Donations- reslricted DonalK)ns- unrestiiLed 1.052 1.052 Immersion Progrdmmes Prc3ranKnes 11.548 63.IX)3 Tolal income 176.735 195.931 RESOURCES EXPENDED 136.590 10.778 Support costs Bank charges Administration fees Advocacy and con¥ersat¥)ns Communtcalions and s￿la4 Media Consulting fees Costs.. Learning Joumeys Marketing and Brand d￿￿￿p￿nI Office expenses Partnetshiplfu¥adrni5ing Pmfessional fres Other. Membershp. subsityp)ns. domains Sec￿l81]a1 fres Travel Vveb devefopment e>pense5 249 2211 262 272 6.415 129.664 39 1.979 2.4 3225 897 591 523 1.￿8 131 1.676 2.547 Total cosls 157.193 1499 I9￿42 48,362 Income lax Net bncoming rns¢wrces Total funds brought forward RÈin5tatEment of 2020 funds cnat 31 Oec 2021 exch Yales 19y2 102.547 1.311 46.362 58,232 Total fund5 cmied foThvard 12 1027 Page 18