COMPANY REGISTRATION NUMBER: 09459426 (England and Wales) CHARITY REGISTRATION NUMBER: 1170087 Sharing Wonders Company Limited by Guarantee Financial Statements 28 February 2025 MILLET ACCOUNTANTS LTD Chartered accountants & statutory auditor Beyond Aldgate Tower 2 Leman Street Aldgate E18FA Sharing Wonders Company Limited by Guarantee Financial Statements Year ended 28 February 2025 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members 10 Statement of financial activities (including income and expenditure account) 14 Statement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17 Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 28 February 2025 The Trustees present their Annual Report, together with the financial statements Sharing wonders for the year ended 28 February 2025. This report fulfils the requirements of both a Trustees. Report and a Directors. Report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company, governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2019). Reference and admlnlstratlve detalls Regist•red charity name Sharing Wonders Cliarlty reglstratloii iiuii)ber 1170087 Company registration number 09459426 Prlncipal offica and registared 72 Cardigan Street office Luton Bedfordshire LU1 1RR England Webslte www.sharingwonders.org The trustees Mr Aman Ali Mrs Badcr Munccr Ali - Chair Mrs Nasrin Akhtar Bajwa Auditor Millet Accounlants Lld Chartered accountants & statutory auditor Beyond Aldgate Tower 2 Leman Street Aldgate E18FA Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Structure, governance and management Governing Documents Sharing Wonders is governed by its Memorandum and Articles of Association, originally incorporated on 26 February 2015. These were amended by special resolution dated 21 March 2016. further amended by a Certificate of Incorporation on Change of Name dated 6 October 2016, and subsequently amended again by special resolution registered at Companies House on 26 October 2016. The Board of Trustees is responsible for the overall governance and strategic direction of the charity, ensuring its operations align with its charitable objectives. Structure of the organisation Sharing Wonders is a limited by Guarantee company trustees are resF)onsible for ensuring that the charity is compliant with its legal duties and is fulfilling its charitable objectives. The trustees monitor all aspects of strategic and business operations and meet regularly to review and evaluate performance. The trustees keep up to dale wilh changes in the law and developments in the operational environment through regular training and learning. This has enabled the charity to grow this year and increase its income and beneficiaries around the world. Appoint of Trustees New trustees are appointed by a resolution of the existing trustees at a special meeting. Typically, new trustees are individuals who already have a connection with, and an understanding of, the charity's work. Induction meetings are held prior to a new trustee's first Board meeting to ensure they are well-informed about the charity's activities, governance. and responsibi lities. The Board of Trustees meets quarterly, with additional ad hoc meetings and telephone conferences arranged as necessary to address specific matters or urgent issues. Risk Management Sharing Wonders actively monitors and assesses both internal and external risks associated with operating in the global humanitarian relief sector. Working in high-risk regions presents numerous challenges, and once potential risks are identified, the charity takes all necessary measures to minimise any threat to its reputation, volunteers, international partners, and beneficiaries. To support Its rlsk management efforts, Sharlng Wonders employs a range of due dlllgence tools, to conduct thorough checks on all third-party suppliers and partners. The charity also has a suite of operational risk assessments and internal policies designed to protect its assets and ensure effective governance. These are reviewed regularly by the trustees and external auditors. Key risks include financial risk, such as a loss of income due to events like the COVID-19 pandemic, which is mitigated through careful financial planning, regular monitoring, spending reviews, and a reserves policy. Regulatory and legal risks, including non-compliance with Charity Commission requirements, are addressed through ongoing trustee training, subscriptions to regulatory updates, and regular internal and external audits. To protect against fraud or error, Sharing Wonders maintains strong governance structures, rigorous financial controls, internal checks and balances, and oversight by independent auditors. Through these measures, the charity ensures it remains resilient, compliant, and capable of delivering its mission effectively. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Objectives and activities Promoting quality education for children in a safe and encouraging environment Encouraging self-sustainable projects to help break the reliance on aid. Providing humanitarian support where and when needed. Building and repair community schools, as well help helping support teachers. Proving child education sponsorship programs for those who cannot afford education. Higher education support through local and international university programs. Provide infrastructure for community agricultural gardens for self-sustenance. Build and repair masjids and schools for community use. Building water wells providing safe drinking water that is easily accessible. Regular food distribution to struggling families. Social welfare through examples such as medical support and clothes distribution. Public benefits The trustees have had regard to the guidance issued by the Charity Commission on public b8n@fit. Strateglc report The following sections for achievements and performance and financial review form the strategic report of the charity. Achievements and performance Our Ethos - Education, Self-sustainability & Social Welfare This year, Sharing Wonders has been truly blessed. Many of our existing donors have continued to trust us with their generous contributions and recommendations. welcoming new supporters into the Sharing Wonders family. Together, we have extended our reach and served communities across Bangladesh, The Gambia, England, and Pakistan. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Sharing Wonders Annual Impact Report 2024.2025 Bunqladesh . GaiyTbio . Eiyglond PnA'15ran K•y Highlights 600+ 4.700+ 10.000+ 300+ Education 600 + Childfen Spon50Ted Montlty 15 + New Cl•ssrooms Buih 750 + aassroom C•pKity Created Gr•du•lion Prizes & Incentives Self-sustainability Tailoring Centre Opened 42 Commerce Carts Provided 14 Chicken Starter P•cks Pairs of G￿t$ Provlded 80 + Women's Market Capacity Sewing Machines for Women Social Welfare R•madan & Eid Al.Adh• lftwKt 4.700+ 22.000+ 93.000+ Tonn*% ol Fo¢bd lo*￿ 016th 22 Masjids Built 2.500 + Worship Spaces Created 300 + Waier Projects Compleied 10.000 + School Meals Provided 1.400 Flood Relief Food Pxks 30 Homes Buili in Pakist•n 1,200 + Qur'•ns DiMiil)uied SO+ Wedding Stsnef P•cks Volunteers in GJmts• Education - The Seed of Opportunity Education is the key to breaking the cycle of povety- By helping children access and stay in school, we give them the skills, confidence, and hope to build a better future. Through sponsorships, improved classrooms, and direct school support, we open doors to learning and lasting opportunity. Child Sponsorship.. Each month we supported over 600 children. including orphans and those from families in need. Your donations covered school fees, uniforms, stationery, and monthly food support, helping each child to remain in education without hardship. Our quarterly distributions and home visits ensure we closely monitor every child's progress and well-being. New Classrooms: We added more than 15 classrooms across The Gambia and Pakistan, each designed to accommodate over 50 children in a safe, clean, and comfortable learning space. Incentives for Excellence: We introduced graduation prizes and performance incentives to encourage students to achieve their best. School Grants.. When families struggle to pay fees on time, schools often face funding gaps, leaving teachers unpaid and infrastructure neglected. Our monthly school grants helped bridge these shortfalls ensuring teachers are paid and schools can maintain essential facilities. Self-sustainability - Empowering communities Self-sustaining projects give individuals and families the tools to support themselves long term. By providing opportunities such as farming. livestock rearing, and small business start-ups, we help communities reduce dependency on aid and build stable. dignified livelihoods. These initiatives create lasting impact - families can generate income, educale their children, and invest back into their local economy, breaking the cycle of poverty. This year we focused strongly on helping families build lasting livelihoods and reduce th&ir dependency on aid. Tailoring Skills in The Gambia Our first Tailoring Centre opened, giving young adults a practical route to income. Two students successfully graduated from the pilot programme, and four more have started a six-month training course, learning to create and sell their own garments. Empow8ring Woman in Pakistan We supplied sewing machines to women so they can run tailoring businesses from home, turning skills into sustainable household income. Commerce Carts - Mobile Shops In Pakistan, we provided 42 fully stocked commerce carts, each hand-built and tailored to the beneficiary's trade from fruit and vegetable stalls lo small grocery stores. These carts become entire small businesses on wheels, enabling families to meet daily expenses and build independence. Livestock Starter Packs Families received livestock starter packs - including 14 sets of chickens and 3 pairs of goats. These animals provide food, eggs. and income. while also reproducing to create future stock and security for the household. Women's Market in Brikama We built a brand-new women's market in Brikama, The Gambia, with capacity for over 80 women sellers. Designed for hygiene and accessibility, the market features tiled tables, waste-water channels, a 10,000-litre drinking water system, dedicated shops, a security office, ramps, and specially designed tables for disabled sellers. We were honoured to have the First Lady of The Gambia officially open the market, marking a new era of opportunity for local women entrepreneurs. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Social Welfare - Supporting the Most Vulnerable Alongside our long-term development work. we continued to meet urgent social welfare needs for families facing hardship. Through food distributions, emergency support, and essential household items, we provided relief to those struggling with daily necessities. We helped widows, orphans, and families in crisis with assistance such as staple food packs, clothing, and small grants to cover medical care or shelter. These interventions offer immediate dignity and security, bridging the gap until longer-term solutions become possible. Masjids - the heart of the community Masjids serve far more than a place of prayer- they are centres of learning. support, and togetherness. They provide a safe space where people gather for worship, education, and community events. Children attend to learn moral values and religious teachings, while families find guidance and support in times of need. A well-built masjid strengthens unity, fosters social wellbeing, and becomes a hub for sharing knowledge and compassion within the neighbourhood. We built 22 new m83jid3 acr03a The Cambia and Pakistan. providing over 2,500 worship apaeea in The Gambia alone, helping communities gather for prayer, learning. and support. Feeding Programmes We delivered feeding programmes that provided over 10.000 nutritious meals to schoolchildren, many of whom would otherwise go hungry during the school day. Food Packs & Meat Distribution.. In The Gambia and Pakistan, we supplied vital food packs and distributed fresh meat, including 20 goats shared among 200 families - ensuring even the most vulnerable had nutritious meals. Wedding Support.. More than 50 brides from low-income families began married life with dignity thanks to wedding starter packs. Clothing (donated from the UK) and essentials such as cutlery. blankets. and dishes, gave each new household a safe, practical start. Medical Aid.. Emergency medical assistance was provided to families in crisis. and essential medical equipment 8nd children's clothing were delivered to EFSTH Hospital in The Gambia. Volunteer Engagement 2024: Eight volunteers self-funded and personally led impactful projects, immersing themselv8s in the local culture, spending time with sponsored children, and seeing the difference their efforts make. Many returned home inspired and committed to continue supporting Sharing Wonders. Water Projects.. We completed over 300 water projects across The Gambia and Pakistan a combination of wells, hand pumps, and larger solar-powered systems - bringing safe drinking water to thousands of people in remote and underserved communities. Flood Aid Flelief. In response to devastating floods, we distributed emergency supplies- o Pakistan.. 900 food packs (2,700 kg rice, 9,000 kg flour) o Bangladesh.. 500 food packs (15,000 kg rice) These provided urgent relief and nutrition to affected families. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Qur'an Distribution- We shared over 1,200 Qur'ans across multiple communities, allowing families and schools to benefit from sacred learning and guidance. Community Housing: In rural Sindh, Pakistan, we built 30 new two-bedroom homes, each with a kitchen, toilet, fresh running water, a safe compound, a masjid, a school, and a play area - restoring stability and dignity to families who lost everything during floods. Additionally, a new home was constructed for a vulnerable family in The Gambia. Ramadan & Eid Al-Adha Support During Ramadan and Eid Al-Adha, we brought relief and joy to thousands of families across The Gambia, Pakistan, and Bangladesh. Eid Al-Adha Animal Sacrifice: We distributed fresh meat by providing livestock, feeding over 3,000 families. Each animal was shared 8mong multiple households. ensuring nutritious meals during this blessed time. Ramadan Food Assistance: Families received essential food support to break their fast and celebrate with dignity,. The G8mbi8.' Over 1,100 food packs distributed providing over 62 tonnes of rice, 11,000 ready meals, and 93,000 loaves of bread. Pakistan.. Over 1,600 food packs, providing over 16 tonnes of rice and 33 tonnes of flour, and 11,000 cooked meals. Bangladesh.. 100 food packs providing over 2 tonnes of rice and 1 tonne of vegetables. These efforts ensured families could observe Ramadan and Eid with nourishment, comfort, and dignity. Financial key performance indicators Donations received were £1.112,147 compared to £1.370.789 in 2024. Idecrease of 190/0], reflecting challenges in maintaining donor levels despite ongoing engagement and campaign efforts. Expenditure on direct charitable activity was £1,165,260 compared to £1,388,214 in 2024, [decrease of 16/1, reflecting a more focused allocation of resources while maintaining programme delivery, Cashflow generation was (£42.977) compared to (£7,157) in 2024, reflecting increased investment in programme activity. The charity remains in a strong position with res8rv8s of cash and cash equivalents of £345,356 to support future commitments. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 Financial review The financial position of the charity at 28 February 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows.. 2025 2024 Net Income 323,121 376,235 Unrestricted 323,121 376,235 Revenue Funds Available for the General purposes Of the charity Total Funds 323,121 376,235 Donations are often made for specific causes and specific amounts, which are then utilised. Over time. the charity has been working to ensure enough funds are held under s 'oenersl use, category, which helps the charity to fund emergency needs that may arise e.g. helping with funeral arrangements. In addition, the charity has several monthly commitments related to supporting teachers and child educational programs. We need to maintain a reserve in case donors stop funding these causes. In such cases, the reserve must then be used to provide funding. until such time new donors come forward. The charity is continuously working to balance the funds in account marked as reserve versus utilising funds when needed most. Amount of reserves held This varies depending on the ongoing funding we have, but we try and maintain around £80,000. Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, 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). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resourc8s and application of resources, including the income and expenditure, for that period. Sharing Wonders Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 28 February 2025 In preparing these financial statements, the trustees are required to: select suitable accounting F)olicies and then apply them consistently. observe the methods and principles in the applicable Charities SORP: make judgments and accounting estimates that are reasonable and prudent,, state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Cvi I Iytji ii¥b ALI 2008. Tl Igy c*1 ¥ c*lbV l ebyvl Ibibltr fui bdf¥yudidii iy 11 i¥ abbelb ul 11 1¢ Ll Idi ily ai Irj I I¥1 IL for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees, annual report and the strategic report were approved and signed on behalf of the board of trustees by.. 6knc4tb Mrs Bader Muneer Ali - Chair Mr Aman Ali Trustee Trustee 26 Nov 2025 26 Nov 2025 Sharing Wonders Company Limited by Guarantee Independent Auditor's Report to the Members of Sharing Wonders Year ended 28 February 2025 Opinion We have audited the financial statements of Sharing Wonders (the 'charity') for the year ended 28 February 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position. statement of cash flows and the related notes, 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 FRS 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.. give a true and fair view of the state of the charity's affairs as at 28 February 2025 and of its incoming resources and application of resources, including its income and expenditure, for th& year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted AG6uui Illi iy Pi 323,121 At 1 March 2023 Prior year At Income Expenditure adjustments 29 February 2024 General funds 243,098 1,371,360 {1,388,214) 149,991 376,235 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 349,121 (26,000) 323,121 349,121 {26,000) 323,121 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 388,935 (12,700) 376,235 388,935 (12,700) 376,235 25 Sharing Wonders Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 28 February 2025 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 349,121 (26,000) 323,121 349,121 {26,000) 323,121 Unrestricted Total Funds Funds 2024 Cuiieiil dbbelb Creditors less than 1 year Net assets 388,935 {12,700) 376,235 388,935 (12,700) 376,235 19. Analysls of changes In not debt At At 1 Mar 2024 Cash flows 28 Féb 2025 Cash at bank and in hand 388,333 (42,977) 345,356 20. Related partles There were no related party transactions during the year. (2024 Nil) 26 Sharing Wonders Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 28 February 2025 21. Disclosure of Grants Payable The total grants payable during the year, analysed by destination, type of recipient, and purpose, are as follows.. lal Total Grants Payable by Country and Recipient Type Country Grants to Institutions (£) Grants to Individuals (£) 2025 Total (£) 2024 Total (£) Bangladesh Gambia 17,419 17.419 7,504 27,640 13,806 577,548 448,776 128 605,188 462,582 128 813,666 465,907 23,315 1,310.392 Pakistan United Kingdom Total 41,446 1,043,871 1,085,317 Note.. No grants to institutions were made in the UK or Bangladesh. (b) Analysis of Institutional Grants by Purpose and Name Below is a list of institutional grants made during the year, analysed by country and purpose.. G8mbi8 - Educational Support Total.. £27,6401£30,280 in 2024) Al Wafa Memorisation School Al Wafa Islamic School Sultana Islamic School Hannah Islamic School Santo Su Islamic School Al-Haaris Islamic School Pakistan - Health and Education Support Total.. £13,8061£55,181 in 2024) •KITCC Hospital (He8lthc8re) - £13,806 {£32,900 in 2024> •Education School Al Huda (Education)- nil {£16,349 in 2024> •Education School Al Birr Education) - nil (£5,932 in 2024 27 Sharing Wonders Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 28 February 2025 22. Funds Held in Third-Party Bank Accounts The charity's funds may be held in bank accounts operated by third parties acting on behalf of the charity. These balances arise where project partners, delivery agents, or appointed representatives manage specific activities on the charity's behalf. All such funds remain the propety of the charity and are recognised as assets within these financial statements in accordance with the Charities SORP. The charity retains control over how these funds are applied, and the third parties are required to account for all transactions and provide regular statements or reconciliations. Any amounts held in third-party bank accounts at the year end are included within cash and cash equivalents, with corresponding disclosures where material. The trustees are satisfied that appropriate arrangements and oversight processes are in place to ensure these funds are safeguarded and used solely for charitable purposes. 28