RIGHT TO EDUCATION INITIATIVE Rogi$tered Charity No. 1173115 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 MYRUS SMITH Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM14BW
RIGHT TO EDUCATION INITIATIVE FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Page Reference and Administrative Details Trustees, Annual Report Report of the Independent Examiner Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12-16
RIGHT TO EDUCATION INITIATIVE Registered Charity No: 1173115 REFERENCE AND ADMINISTRATIVE DETLs Board of Trustees: D. Archer (resigned October 2025} A. Hassan (Treasurer) E. Martinez (Chairl A. Taneja (resigned October 20251 D. Hashem (resigned May 2025) N. Skipper B. Patel C. Coupez l.sayz S.Namusobya Principal Offi¢e: clo ActionAid Intemational 33-39 Bowling Green Lane London EC1R OBJ Bankers: CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner: K.C. Fisher BA FCA CTA % Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey i([6 7AL
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDEO 31 DECEMBER 2025 The Trustees present their annual report together with the financial statements of R1 to Education Initiative (the charity) for the year ended 31 December 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the current slatulory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice {SORPI, applicable to charfties preparing the1r accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition effective 1 January 2019). Who we are We are a nOnOVernmental intern211onal human rights organisation dedicated entirely to the promotion and defence of the right to education. Why we exist We exist because the right to education is not fully Te81ised, is still violated and is under constant and evolving th?1. The is a demonstrable need within the human righls, education and development sectors for a civil society organisation to be an expert on the right to education and act as its guardian. We exist to promote and defend education as a human right at inlemational level, and lo support civil society actors to understand and use human rights law and mechanisms lo advance the realisation of the right to education at national level. holding stales accountable through monitoring, reporting, advocacy and litsgation. Our vision Our vision is a world in which everyone can fully enjoy the right to education in all its dimensions from birth lo adulthood and throughout life, regardless of their status and circumstanTrs, and where all human rights in and through education are respected, protected and realised. As sel in our constitution, our object is to promote the right to education, as defined by intemational human rights law, by.. Sharing information, tools and resources on the right lo education. Researching into right to education issues,. Monitor abuses of the right to education., Raise awareness on right to education issues", Providing te¢hni¢al advice to partner civil society organisations on right lo education issues., Intemational 8dvoc8cy of the right to edLJcation,' and Promoting respect for the right to education among individuals and corporation ACHIEVEMENTS AND PERFORMANCE In 2025, we conts'nue to implement our 2023-2026 Strate education in a transformin world based on pillars.. Advancin the realisalion of the ri htto Protecting and strengthening the intemational legal, political and institutional framework that guarantee the right to educab'on and guide ils implementation al national level. 2. Strengthening civil society actors, capacity lo understand and effectively use human rights law and mechanisms lo ad¥ance the realisalion of the right lo educolKfyn at all levels through monitoring , reporting, advocacy and lib"gation.
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 with the obje¢tive of protecting and strengthenlng the international legal, political and nstitutional frameworks that guarantse thg right to educatlon and guide its implementation at national level: We co-led, during the year, the development of Guidin Princi les on the ri ht to ea childhood care and education and resented them at CIES an intemational conference on education, in March, and al a side event we co-organised in June during the UN Human Rights Council. We collaborated with UNESCO in developing an analytical framework for assessing early childhood care and education (ECCEI policies and their implementation at national level. We conducted desk research gnd anaS1$ in three ntrieS.. Tanzania. Keny8, and Mozambique. In February, we co-launched with the Public Education and Human Rights Coalition IPEHRC) a policy brief and position paper on Dem Education Public-Private Partnershi s.. Vvhal Eve Polic maker Should Know. The online event gathered 113 people. In March, we presented the paper in French at an event organised by Coalition Education on Financin education s stems challen es and ros ecls, gathering 85 participants. In November, as part of PEHRC, we also co-sponsor an online event at the World Summit for Social Development on Re21isin the Ri hl lo Education.. Reclaimin Public S sterns for E ui and Inclusion. In February, the UN Committee on Economic, Social and Cultural Rights rewewed the UK. As we had submitted a re dated information, we co-drafted a statement for the briefing of the UN experts prior lo the interactive dialogue beeen the Committee and the UK'S representatives, which was delivered by Oxfam UK. The experts raised our issue during the interactive dialo ue. In March, the Committee published ils concluding observations. which include specific recommendations regarding both the UK'S official development assistance IODAI in the field of education and tax policies which hinder the ability of Slates to mobilize the maximum available resources for the implementation of Covenant rights, including the right to education. This is directly linked to the report we submitted. We published a less release. In May, together with GI-ESCR, we submitted a oint contribution to the OHCHR for the preparation of the first session of the Open*nded intergovernmental wort(ing groLJP on an optional protocol to the Convention on the Rights of the Child. Our joint submission specifically responds lo question 3 outlined in the call for in uts and reaffimis the centrdl importance of public education in the realisation of children's rights. In June, we provided inputs for the draft of the HRC Resolution on the ri hl lo education. Ati were taken into a¢¢ount in the first version and all kept in the last version, with slight adjustments in the wording. In June, we co-organised a side-evenl on the im session of Ihe UN Human Rights Council. In September, for Intemational Day to Protect Education from Attack, we published a poliGy brief in English, French, Spanish and Arabic on Monitorin the ri hl to education In conflict- affected conlexls - Ke hts and strate ic recommendab'ons. The brief is mentioned in the latest UN Special policy brief on the right to education in am)ed conflict. We also organised a webinar on 'Documentin the im act of attacks on education,. lementation of ECCE during the 59th In October, we attended the UN Human Ri ht Council 2025 Social Forum in Geneva. We contributed to the panel on 'Educats'on for olitical ri hts- Partici alion cilizenshi and voice, sharing our perspective on 'Education for the ri ht to artici ate in olili¢al life and ublic affairs.. Democratic citizenshi We also discussed 'Enhancin the ri ht lo education.. emer challen es and enablin fa¢lors', in a round table organized by UNESCO, University of Geneva and the Commission suisse pour I'UNESCO. Our organisation was mentioned in UN Toda and UN Geneva.
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 In December, we attended the UNESCO International S osium on the Future of the Ri ht to Educalitsn and Gonlribuled to the parallel session on 'Hi her education as a s ace of interseclin human ri hts,. We also vieWed UNESCO'S publi¢ation The ri directions. ht to education.. ast resent and future As part of collective effort lo advocate for the implemen18tion the right to education, including through the provision of education as a public service, we issued in June, on the United Nal'ons Public SeNices Day. and a few days before the Financing for Development Conference IFF041 in Seville, together with more than thirty civil society organisations from around the world. a oinl slalemenl, calling on govemments to act collectively to reform the international financial architecture and guarantee the right of all to quality public services, including education. In October, we signed a Civil socie collective statement on ublic services. With the objective of strengthening civil society actors. capacity to understand and effectively use human rights law and mechanisms to advance the realisation of the right to education at all levels through monitoring* reporting. advocacy and litigation: In April, we launched a new guide on M orin ECCE from a human ri hts ective In May and June 2025, as a GPE EOL Global Learnlng Partner, we facilitated 17 online Irainin sessions for EOL Grantees across three language 5tream5'. English, French and Portuguese on how lo use human rights law and mechanism to strengthen advocacy and accountsbility. 53 gr8nlees were Irained and the overall appreciation of the training was very positive. In May and June, in partnership with the Global Campus of Human Rights, we facilitated 4 trainin sessions for a group of 10 children and young people hailing. The aim was for them to learn about. document and lake action regarding the risks, barriers and impacts of climate change on the right to educab'on. We contributed to the design of the course and lo the identrficalion of guest speakers for each session and coordinated all sessions. These sessions are already a success with some participants having already plans lo take action. As part of this project, they published Iclures illustrating the issue. In June, we published a new web e on Ed cation and Environment. In July, in partnership with the Global Carnpaign for Education IGCEI, a training session on monitoring ECCE from a human rights perspective was conducted. The training was attended by over 60 GCE participants, with more than 900/0 reporting that they found it highly useful and relevant to their work. In July, we supported partner organisations in Tanzania and Lesotho lo submit alternative reports to the Committee on the Rights of the Child, with 8 focus on the right to early childhood care and education. Durtng the year, we supported human rights organisattons in Sahel in monitoring the right to education in conflict-affecled contexts. We facilitated an online training on advocacy, reaching 11 people. We also provided guidance for them lo analyse the collected data at local level and prepare their advocacy report. As part of this collaboration. we published the policy brief on Monitorin the ri hl lo education in conflicl-affecled conlexls Ke hts and strate recommendations and organised the webinar on 'Documentin the im act of atta¢ks on education,. In September, we went lo Dakar with Amnesty Netherlands and the pathers from Sahel to share the results of the research they conducted on the impact of the closure of schools in the region with key actors, including UN agencies, States, and CSOS. The researoh was very well received and the need for local monitoring was parb"cularly stressed. Linked to the project, in March, we gave a presentation on the monitoring of the right to education in conflict zones, in a training organised by Education Above All IEAAI and Sciences po on education and conflict, reaching around 40-50 refugee students from different countries and backgrounds.
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 In October. we delivered ¥ short in person training in Paris on the right to education to young volunteers as part cif a project on children rights organised by Paris City Hall. The training covered the fundamentals of the right to education and main barriers lo the implementation of this right. It was allended by 16 volunteers aged 1&24 years old. The volunteeTS are going lo use the training to Prepare a series of interventions targeting students in primary and secondary French schools with the aim lo raise awareness to the Convention on the Rights of the Child. In November, as part of the KIX EMAP Skills-slren thenin Vvorksho Series, we facilitsled two-day workshop on Monitorin thè ri ht lo education, gathering 88 participants from 8 countries across the Asia Pacific rlOn. Designed as a dedicated space for learning and exchanging experiences, the worksho combined presentslions with interactive activities, discussions, and dedicated a&A time. As GPE EOL Global Learnin Partner, during the year, we developed a reF)Ort analysing EOL'S strategic and programmatic docJJments through a human rights lens (to be published in 20261. We also provided Inputs for the development of a lementalion of the General Comment 26. uidance for civil socie on the
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL REVIEW Results for the Financial Year Endgd 31 Dgcembgr 2025 The Privalisalion in Education and Human Rights Consortium, now renamed 8s Public Education and Human Rights Coalition IPEHRC) project, remained hosted by the Right to Education Initiative IRTEI throughout 2025. Income and expenditure associated with the project are reported in the financial statements as restricted income and restricted expenditure. In 2D25, we were supported by the Amnesty International Netherlands, Oxfam Denmark, Global Campus on Human Rights and by indivKlual supporters of RTE. It is the generosity of individuals and organisabons that enables us to realise the right lo education for more learners across the globe. Total Income for the year 2025 amounted to £265,110. which was signtficantly lower than prior year 2024 income and reSued in £160,641) deficit, of which £{54.297} relates to restricted funds. Charities assets are held primarily in cash on deposit which on 31 December 2025 amounted lo £290,756. Principle risks and uncertainties faced by RTE is withdrawal of funding and impact it would have on the Charity. Oijr main aim for 2026 is to fundraise and find new donors to broaden our funding base. Rosorvgs Policy RTE 8ims to maintain reserves 8t least equivalent to three months essential operational expenditures. Reserves are established by either saving the monoy RTE received for services or Saving SOTne remaining money from grants - which is not aKvays possibte. The trustees estimate the amount of reserves ft)r each yeavs budget and review il on a quarterty basis at their executive board meeting. Risk Management RTE truslees established a number of policies and procedures to minimise the risks the charity can be exposed to. RTE has also developed a detailed Risk Register which includes risk management and which is discussed and updated al each boaTd meeting. PLANS FOR FUTURE PERIODS RTE is facing financial challenges in 2026 if additional funding is not secured. Therefore, the organisation's main priority is lo increase and diversify its SoUrS of income. We are actively seeking partnerships with other charities and organi5ations to enhance our visibility and expand funding opportunities. Several potential donors have been identified, and several funding applications and contracts are currently pending. We remain optimistic that these efforts will strengthen RTE'S financial sustainability and support the continuation of our work. In addition lo pursuing grants from traditional donors and funding opportunities for specific projects, RTE conlinues to explore altemative income-generation opportunitie5. These include individu81 donations, crowdfunding initiatives, lollery funding, and the potential sale of products and Services that align with the organisation's mission and values. Diversifying income streatns remain5 an ifflportanl element of strengthening RTE'8 long-lemi financial sustainability and resilience.
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Right to Education Initiative is a Charitable Incorporated Organisalion ICIOI registed in England and Wales on 19 May 2017 with the charity number 1173115. RTE is governed by its constitution. Recruitment and appolntment of Members of the Councll There were no new trustee appointments in 2025. 3 trustees, D. Hashem, D. Archer and A. Taneja resigneil in May and October 2025 t)oard meeting. There are no immediate plans to apwinl new trustees. Organisational Structure At the beginning of 2025, RTE'S Board comprised 10 trustees, reducing to 7 trustee5 by the end of the year. The Board met quarterly and was responsible for the strategic direction, governance, and policy oversight of the charity. Trustees brought a range of professional skills and experience re5evanl to the charity's work. The scheme of delegation is in pla and day to day responsibility for the management of RTE'S work rests with the Executive Director. Director overseas all parts of RTE work including finances and admin as well as Policy making, overlooking programmes and Communication management. The director reports directly to board members when needs arise and al board meetings. staff In 2025, the Right lo education initiative employed 3 staff member5. Juliana Lima joined the Right lo Education Initiative in March 2025. TRUSTEES RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Twstees to prepare financial statements for each financial year which give a true and fair view of the stste 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 lo.. select suitable accounting policies and then appty them consistently- observe the methods and prncIpleS in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject lo any material departures clisclosed and explained in the financial stalemenls., prepare the financial statements on the going Goncern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient lo 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 Charittes Act 2011, the Charity {Accounls af ReFX)rts) Regulalnns 2008 and the provisions of ltte trust deed. 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.
RIGHT TO EDUCATION INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the chaTity'5 website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by tho Board of Trust995 on 24tll Jung 2026 and signed on its behalf by Ayan Hassan Treasurer
RIGHT TO EDUCATION INITIATIVE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which are set out on pages 9 to 15. Responsibilities and basts of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in respect of my examination of the charity's accounts Caled out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Comrnission under section 14515}Ibl of the Act. INDEPENDENT EXAMINER'S STATEMENT Since the charTty's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified lo undertake the examination because l am a membei of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no material matter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting COrdS were not kept in respect of the charity as required by section 130 of the Act- or the accounts do not accord with those records", or the accounts do not ¢omply with the applicable reqL¢irements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considere(l as part of an independent examination. I have no concems and have come across no other matter5 in Connection with the exarnination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Kevin Fisher BA FCA CTA Yo lfjngslon Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL 24 June 2026
RIGHT TO EDUCATION INITIATIVE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income 8nd Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Notes Income from". Charitable activities Investments Other income 102,053 212 147 162,698 264,751 212 147 380,521 310 2,089 102,412 162,698 265,110 382,920 Expendlture on: Charitable Activitles 108,756 216,995 325,751 212,459 108,756 216,995 325,751 212,459 Net lexpenditureifincome 16,3441 154.2971 {60.641} 170,461 Net movemènt in funds 16,3441 154.2971 (60,6411 170,461 Reconciliation of funds Balance brought forward 77.318 214,727 292,045 121.584 Balan¢9 carri9d forward £70,974 £160,430 £231,404 £292,045 All income and expenditure are derived from continuing activities. The Statement of Financial Activities includes all gains and losses recognised during the year. The Notes fom part of these Financial Statements. 10
RIGHT TO EDUCATION INITIATIVE BALANCE SHEET AS AT 31 DECEMBER 2025 Notes 2025 2024 Current Assets Debtors Cash al bank and in hand 248 290,756 311 346,279 291,004 346.590 Creditors: amounts falling due within one year 59.600 54.545 231,404 292,045 NET ASSETS 10 £231.404 £292,(145 Represented by: FUNDS Unrestricted Re$tri¢ted 10 70,974 160,430 77,318 214,727 £231,404 £292,045 Approved by the Trustees on 241h June 2026 and signed on their behalf by.. Treasurer Ayan Hassan The Notes fomi part of these Financial Stalemenls. 11
RIGHT TO EDUCATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES al Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance wrth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pffparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Praclice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in steding which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied lo all years presented unless otherwise stated. b) Income recognition Income is included in the Statement of Financial Activities when the charity is entitled to the income after any performance conditions have been tnet, the amount can be measured reliably and it is probable that the income will be received. Grant income is recognised in 8ccord8nce with agreed budge15 and specifted timeframes. Amounts received but which relate to future reporting periods afft accounted for as deferred income. In the case of multi-year grants, the aggregate amount of future instalments not yet received or accrued and which are subject to satisfactory performance is disclosed as a contingent asset. c) Expenditure recognltlon ExpendÉture is accounted for on an accruals basis and has been classified under headings that aggate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation lo make payments to third parties, il is probable that the settlement will be required ar¢d the amount of the obligation can be measured reliably. Expenditure Is included under the heading 'Charitable activities, which includes all costs directly associated wtth meeting the Charity's objectives and also those $t$ necessary to support such activitie$. Irrecoverable VAT is charged as a cost against the asso¢i*d expense heading. dl Debtors and creditors Debtors and creditors with no stated interest rate and which are receivable or payable within one year a recorded at transaction pri. Any losses arising from impaimient are re¢ognised in expendire e> Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purF)ose5. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purpose. Restricted funds are funds which are lo be used in accordance with specrfic restrsctions imposed by donors or which have b88n raised by the charity for particular purposes. 12
RIGHT TO EDUCATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l¢ont ACCOUNTING POLICIESlcontd.. Pensiony The charity operates a defined contribution pension stheme open to employees with an Employer's Contribution fixed al 5.5Yo of gross salary. Employees can volLJnt8rity contribute lo the scheme al a level decided by them. Employees wishing to opt-out may do so. The board of trustees has agreed lo allow staff members lo operate an alternatnie pension scheme to be agreed with the management at a Council meeting. Contributions payable lo the scheme are charged as an expense in the period lo which they relate. gl Operatlng Leases Operating lease payments are charged to the Statement of Financial Activities on a straight line basis over the period of the lease_ h) Forelgn Currencie Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. In the case of mulli-year grants reIVed in instalmenls, exchange gains and 1055e5 are calculated by reference to the exchange rate prevailing at the lime the grant was awarded. Monetary assets and liaLiilities denominated in foreign currencies are translated al the rale ruling at the balance sheet date. All exchange gain5 and losses are recognised in the Statement of Financial Activities. INCOME FROM CHARITABLE ACTIVlnES Unreslricled Funds Restricted Funds Total 2025 Total 2024 Grant$ and Contracts Global Campus of Human Rights University of Oxford Foreign Ministry of Portugal Amnesty International Nethedands Individual Donor PEHRC ActionAid PEHRC (Hosting) Oxfam Denmark 6,493 2,813 6,493 2,813 8,696 7,779 11,746 3,771 7,049 279,687 61,793 28,166 1,117 63,464 28,166 1,117 63,464 14.396 148,302 14,396 148,302 £102,053 £162,698 £264,751 £380,521 INVESTMENT INCOME Bank interest £212 £Nil £212 £310 13
RIGHT TO EDUCATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Iconl EXPENDITURE ON CHARITABLE ACTIVITIES Unrestr¢cted Funds Restricted Funds Totsl 2025 Tolal 2024 Direct Costs Salaries, fees and related costs Foreign exchange lossesllgainsl Travel and subsistence PEHRC costs 88,016 4,353 4,535 130,062 1,787 218,078 6,140 4,535 85,146 192,242 1871} 2,304 12,089 85,146 £96,904 £216,995 £313,899 £205.764 Support Costs Office and administration costs Website, computer and IT costs Governants (see note 51 Insurance Subscriptions Advertising, printing & deslgn 1,521 3,570 1,980 2,941 1,571 269 1,521 3,570 1,980 2,941 1,571 269 232 1.351 1,890 534 1,315 1,373 11,852 11,852 6,695 £108,756 £216,995 £325,751 £212,459 All expenditure relates to the unrestricted funds. GOVERNANCE COSTS 2025 2024 Independent examination £1,980 £1,890 STAFF COSTS 2025 2024 Wages and salaries Social security Pension costs (defined contribution schemes) 151,452 29,263 11,610 127,804 19,357 10,046 £192,325 £157,207 The average number of employees in the year was 312024 '. 31. The average number based on full time equivalents was 2 412024 '. 3}. 1 employee12024'. 11 received total employee benefits (excluding employer nSn costs) in excess of£60,000. The Trustees were not MUnerated during tho year. No Iruslees were reimbursed any expenses during the year. 14
RIGHT TO EDUCATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l¢ont STAFF COSTS l¢ont The total amount of employee benefits received by key management personnel was £75,010 {2024.. £71,780). Under FRS102. employee benefits include gross salaries, employer's National Insurance contributions and employer's pension contributions. NEf INCOME 2025 2024 Net income is staled after chargingllcreditingl.. Independent examination £1,980 £1,890 DEBTORS 2025 2024 Prepayments 248 311 £248 £311 CREDITORS." Amouftts falling du• wlthln one year 2025 2024 Accruals Deferred income Other creditors 3,870 49,434 6,296 3,690 49,434 1,421 £59,600 £54,545 Balance al 1 January 2025 Additions in the year Released to income Balan at 31 December 2025 Analysis of doferred income Oxfam Denmark £49,434 £148,302 £148,302 £49,434 Deferr income relates to grant income received in advance of the next finarlcial year. 15
RIGHT TO EDUCATION INrriATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icont 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total 2025 Total 2024 Current assets Current liabilities 130,574 {59,6001 160.430 291,004 {59,6001 346.590 154,545) As at 31 December 2025 £70,974 £160,430 £231,404 £292,045 11. MOVEMENT IN FUNDS Balance 1 January 2025 Balance 31 December 2025 Income Expenditijre Transfers Unrestricted funds 77,318 102,412 108,756 70,974 Restricted funds PEHRC (Hosting Oxfam Denmark 214,727 14,396 148,302 85,146 131,849 143,977 16,453 214,727 162,698 216,995 160,430 Total Funds £292,045 £265,110 £325,751 £Nil £231,404 12. RELATED PARTY TRANSACTIONS There were no related party transactions in 2025 {2024 .. Nil) 13. TAXATION The charity is exempl from taxation on income and gains to the extent that these are applied to ts charitable objects. 14. LIABILITY OF MEMBERS The charity is constituted as a charitable incorporated organisation. In the event of the charity being wound up, members have no liability to contribute to its assets and no personal responsibility lor settling its debts and1iabilities. 16