Company 11976966 (England & Walgs} Charlty No. 1176321 1 HEART AFRICA LTD {a company bmiled by guranteed) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 CHARLES OSEI. Bsc. PASC, ACI& MCIPP. AFA ATA CHARrrY INDEPENDE1 EXAMINER I ACCOU*ANT FLAT 3. 11 ROCHDALE WAY LONDON SE8 4LY
I HEART AFRICA LTD Company Registration Nwhber. 11975966 R•gl$tsrgd Charfty No. 1176321 FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 CONTENTS Pag Legal and AdministTrli¥e Detals Report OfTtee$ 10 Independent Examiner report BalarKe Sheet 12 13-15 Notes to the Acctyjnts
1 HEART AFRICA LTD CMip•ny R•gl•trall¢)n Nwnbr. 11975916 R•ght•rnd Ch•rfty 1176321 ORGAN13ATIONAL PROHLE R ENDED 30 Chaka Ciarke Ram8 Fom)osa Natssh? mak0 R•gl•t•r•d offlc•: 7.14 Grèat Do%w Street SE14YR R•gl•t•rnd C¢xnp•ny Nwnb•r. 11975986 R•gl•t•rnd Chrfty Nlts•r. 1176321 Chart88 a1, Bsc {HcTh). ACIE. AFA. ATA MCIPP 11 Rothd* Way SEB 4LY on its bthalf by: R4ne8 F4m Tru¥t••
l Heart Africa Annual Report 202312024
Contents l. Introduction.-..- 2. Highlights of the Year...-.. 3. Goma, DR Congo Artivities 4. Financial Overview..........- 5. Donors and Supporters....................... . 6. LookingAhead................-..-... 7. Contart InfonnatiOn..............-......
l. Introduction l Heart Africa is a globallyoriented nonprofft organization committed to educating and empowering the African diasporic community through innovative projects. impactFul programs, transformative events, and dynamic media initiatrves. Our work is rooted in the belief that knowledge, access. and opportunity are essential for creating a more just and equttable future for African communities worldwide. Our mission is ntered around the following core principles- Raislng Awarenes5 & Adv¢xacy. We develop and implement targeted tsmpaigns that highlight social injustices. particularly in the areas of ac55 to technologi131 innovation. equf(able distribution of mineral resources, and the broader challenges faced by marginalized communities. Empowering Women Cornmunity HIla. We reco8nize the pivotsl role women play in fostering sustsinable development. By equipping women with resour5, skills, and support, we enable them to uplift their families and drive long-term community progress. Charnpioning Indlgenow Solutions: We prior1ti localty-driven solutions. leveraging the knowledge, traditions. and expertise of African communities to addsS their unique challenges in a way that is both culturaify relevant and wstainable. Promoting Rural SelF-Sufficienry: Our initiatpies go b?nd short-term aid: we focus on empowering rural communities with the tools and strategies needed to achieve lon8-temi economic and social sustainability- At l Heart Africa. we are committed to notjust providing immediate relief but also creating long- lasbng impart through sustainable development Trnitiatives. Our appn)ach 15 rooted in resilienc building, ensuring that afferted communities have the resources arKI support necessaryto transform their circUmstanS into opportunities for growth. stability, and self-re1lan. This report provides an overview of our activities from June 2023 to June 2024. with a particular focus on our work in the Democratic Republic of Congo {DRCI. specifically in Goma. It details our interventions, achievements. and community impart while also outlining ourvision forthe future. Our goal is to build upon our successe5 and continue fostering a se1f-sustsinl ecosystem that empowers the communities we serve.
- Highlights of the Y&r In the past year. l Heart Afr SLttessfully establtshed a thrr¥ing IcM)-per5 c(Thmunity in an aea that previously lacked stable Infrastructu or organized supporL Thisachievernent refiects ourtommitment to creats.ng sustaInae environments where familie5 afKI ir¥li¥iduals ¢an INe. leam. and growtieether. A testament tothe strength and po%trve impact of this CL1mUnity is theremarkable Kademic suttess ofour children-all 30 Sttsdents enrdled Én wr educ3tion31 prlamS gJ(£essfulty pad their end-of-year exams. showcasing thr dedication and lflertE despite thalleryng urcwnstsrKe> Additionaly, we expanded our thlls development initiatr by partnering wlth a k1 bu&re55 to launch a carpentry course. This wogram provides vauabje ¥(Kion training opportunities. equipping partiC4pants with hands-on skills th enhance theiremploydlylity and l-tem7 finanaal independence. These milestones repre5erTt our 0n8 effrytsto emptr*er indiwduas, strewhen c<mmunities. and foster sustsinable Soluti( that uplift those we serve.
- Goma, DR Congo Acthltles Building on the success of last yearfs hISIng initiative, l Heart Africa has continued to provide care, 5tabiSity, and essential support to the children in our program while maintaining the village and its various development inrtiatwes. However, due trj escalating instsbility in the regbon, the risk to the thiklren's safety became too great, requiring us to take immediate action. To ensure their well-bein& we temporarity relocated them to Goma town for six months while dosely monitoring the situation in the village. Throughout this period, we remained committed to keepin8 all of our programs attive, conducting weekly visits to the village and working closely with local authorities for updates on security conditions. Once the situation improved, the children were safely moved backto the village, just in time for the new hool year.
Education &Tutorinz Program Recognizing the importance of education despits disruptions. we took proartNe stepsto ensure continuity in learning- Qualified tutors were brought in to keep the curriculum on track. All students successfully sat theirend-of-year exams. demonstrating remaable dedication. We proudly achieved a l(K)% pass rate among our students. Followingthe summer break. all children returned to school without setback& Those who had outgrown the traditional school system continued to receive on-stte tutoring in the village, with caregtvers also partiapatin8 in lessons to foster a culture of lifelong leamin& Testimonlals- Rutha'sjoumey. Rutha's story is a te5tarnent to the power of education and opportunity. Aftertragically losing her parents to violence, we found Rutha living with her aunt in a tin house with no floor. Atthe time. she was nine years old and had never attended school. Two years later, Rutha is thriving-not only has she excelled academically. but she has emerged as a natural leader among her peers. She is currently top of her dass in every subjert. with an impressNe average pass rate of 95%. "I wont to go to medicolschoolso I con become o dortor. I wantto help t7nd treatpoorondsick people so they do not diefvm lock of treutment ttis $05ud to see o lotof people die because there aren't enough dort0 ormedicotion."
Vocati¢mal Training: Carpentry Cr$e To support economic empowerment and self-sufficFency, l Heart Africa partnered with La Mano. local fvrniture company, to launch a 12-month carpentry course forextended family member5 of the children in our program. The course commenced in December 2023 and runs for 12 rnonth5. A total of 21 participants enrolled. spanning different ages and genders Classes are held six days a week. from 7 AM to 4 PM. Upon completion, participants will qualwfy as professional carpenters. Some will be offered employment at La Mano. Others will receive support to establish theirown carpentry businesses. contributing to their financial independence. Te#lmonlal. Almée'sTTrnsforM: At 16 years old, Aimée had never been able to attend schwl. She lived with her maternal grandmother and sisters. struggling with limtted opportunities foreducation or career prospects. As soon asthe carpentry course was announced. Aimée was one of the fir5tto sign up. "I love this coursel It hos challenged me ond gwen me the confidence to know thut I con t7chieve unything I set my mind to. I love leorning new techniques. and the teochers ore Grmozing ondpotient. There uren't mony women in thisfield here in Gomo. so Ifeel extremety privileged to now be omong them. I con't woit to befvlly quolified so I cun stort 51ng and moke money to support myfvmify." These impact stories highlight the $bIlence and detemiination of the indmduals we seNe, reinforcing our commitmentto eduiotion. skills development, and communtty sustainability in the DRC.
Flnandal OveThiew l HeartAfrica Spenditure Overview To drive the achievements outlined in this rewt. l Heart Afrira WefvI albotates resources to sustain and expand our IMpt Our finanaal instMents have SUPFKYted education. community infrastrucre. emergency relief, andvocational trainir& er¢suring that Vulnerable children and families receive the resource5 needed to thrive. A signifitant porbon of our ldgetg tLvAard qualified educatLYS, care8ivers, and vocatlona trainers, who play a dirert role in fostering lor£-rni self-suffiaency rather than short-term aKI dependency. These wages are not just cwat.onal COsts-t * an invesbnent in peoF4e. ensurlThd that those we serve receFvÈ tonslsten( hi8h-quality SUPprt that leads to 5tsbilityand transf(rnatiOn. Through strategic resour man4ement and the gener[ty0f our dorr% we have been ae to sustain our CO prcgrams whileexpandinE OPPOrtunibes f ec(mI¢ Independee. OUT fcKus remains on creating self- sustaining solutions that empower indmduas and redu rd4arKe on external aid. reinforangthe resilience of the communities we seTh*. 5. Donors and Supporters The continued SucsS of l Heart Africa would not be possible wtthoutthe generosity and commitment of our donors, partners. and supporters. Their contributions-whetherfinancial, in- kind, or through a(Ivocacy-have played a vitsl rote in providing education. vocational trainin& housing, and community development prograrns to those who need them most. We are deepty grateful forthis collective effort. which ha5 direth transformed lives and f05tered opportunities for lon8-term self-suffiaency. As we move forward. we remain committed to strengthening these partnerships to expand our impact and create even greater change forthe communities we seple.
- Looklng Ahead As l Heart Africa tontinues rts mission, our primary focus remains on lonE-term financial sustainability for Lufflumba Village. We recognize the risks associated with long-term dependency and are actively working towards solutions that promote self-sufficiency and economic empowemient. To achieve this, we plan to- Establish sma114cale income-generating pmErdmsthat Cate sustainable financial resources forthe village. Support individuals seeking employment by providing skillstrainin& mentorship, and networking opportunities acn)ss various industries. Beyond economic sustainabilty. we remain deepty committed to the well-beirvd and development of the 30 underprivileged children in our cafe. Every day. we strive trj provide them with: A safe and nurturing environmentto grow and heal. Access to quality education, ensuring they have the tools to shape theirfuture. Opportunities for personal and professiimal development. empowering them to thrive beyond our program. As we look ahead. our vision is to build on our successes. expand our impact. and continue fosterin8 a community that is resilienL independent, and self-sustaining
- Contart Information nfo@iheartafrica.org
1 HEART AFRICA LTD Company Rgglstratlon Numbw. 11975966 Roglstsr•d Charity No. 1176321 Ind8pend•rt ExamlrnV$ roport on th• flnanclal slatomonts To tho trust of 1 Heart Afri Ltd I report on the financ4al statements forlhe year ended 30 June 2024 set oul on payes 11-15. This report is made solety tr) the Trustees of 1 Heart Africa Ltd, as a body. in accord8nce th regulations made under seth.on 145 of the Chants"es Act 2011 and Chanty SORP {frsse). My Vrk has been undertaken so that I might state to the Tnjstees matters l arn required to stste to them in an Independent Examinerfs report and for no other purpose. To the fvllest exlent permitted by . I do not accept or assume responsibility to anyone other than the Charity and charitys trustee$ for my independerrt examination vrt)rk, for this report or for Ihe ststement I have given behyw. Respecbve responsibilitles of Tnee5 and In¢kwndent examlner As Charty trustees for the purposes of charty law. are responsibk for the yeparatson of the financial statements. The Trustees nsider that an audit is not required for this year under section 14412) of the Charities Act 2011 {the 2011 Act) and that an independent exarninatn is needed. Having satisfied myselfthat the Charty is not subied to an audit under ¢xrfnpany l&v and Ss eligible for independent examinth"on. rt is my reswnslIfy to.. al examine the accounts under seCIn 145 of the 2011 Art bl follow the procedures L8id dovm in the general DirerahJn5 given by the Chaiity Commisskjners under section 14515llbl of the 2011 Act. and c) stale ether particular matters have come to my attention. Basis of Independent examlner's statement My examination was ¢arried out in aCCA)rdance the general Direcbons given by the Charity Comm4ssion. examination includes a rewew of accounting records kept by the Charty. and comparison of the accounts presented th those records. tt also indje3 considerabon of any unusual items or disclosures in the accounts and seekn.ng explanabons from you as Trustees conceming any such matters. The procedures urKlertaken do not PrOde all the evKJence that thUkI be required in an audrt, and consequenty no opInn is given as to vthether the accounts present a 7 fair view/ and the report is limrted to those matters set out in the ststemenl below. Independent examlner's ststement In ¢onnecb"on Imth my examination, no matter has come to my attenkn". 1) TrM)i¢h gives me reasonable cause to believe that in any matenal respe¢t the requirements al to keep accounling records in aCrdan 7hith Sectwy) 130 of the Chartties Act. and b) to prepare accounts aCCd vAlh Ihe accounting records. c(nY ¥Ath the accounling reqU1ments ofthe chariti.es Acl have not been met.. or 2) to which. in my opinion, attention should be dra in orderto enable a proper undetstanding of the auntS to be reached. 3r24r2025 Chades Osei, Bsc {Hons). Msc, ACIE. AFA, ATA MCIPP Practical Accounting Training Ltd. 10 Woohthich New Road. LorKlon SE18 6AB 10
1 HEART AFRICA L7D 11975911 1176321 T•rrfdibfe A48•ts Lkbtor3 C•¥h at bank •nd K) h•rwJ 14.8g3 152.X CrnAhor&' du&tAill¥n OM Y i1.or) Total As•ts less Cunwrt Li8bdrf 13.893 151.308 151.30 Cner81 Fund¥ Re81n"thd Fund8 4,849 140,649 10,859 Totsl Fund 151,308 Act 20Ck8 forth• year1 30 June 2024 year•rAlod 30 21)rJ In lth Sg(thn 476 Oftt CCfflpaniB¥pd2. la) Sg¢on8 386 387 olthe Compank Acl 2(Th aThJ (bl affaiws of the dwri18blg umpany 08 at th• ofeath finanual Jtarand of its aurpkjs or d1 forV eadl finanola y&er in a0)Ydan ¥Mth wuirem•n Part 15 oftt Compani Aca lo ehanlable c£Ynpan* •rKI sign8d M th•k bthllby.. Ran•¥ Trust•8 11
1 HERTALTD Company RegtraI Mun4*r. 1197YJ36 R•g16t•r•d ChaAty 11 1176321 ATEmEOF FIIIANGIAL FOR THE YEAR ENDED 30 JUNE 2024 202Y2024 202212023 Totsl Funds Funds Fund8 Total FU1$ R•8our¢M Ajtslng Lk)natK)ns Income fmrn Ch&rilable ActNths 29.172 29,172 225.136 Other Income Total In¢onYé 29.172 72.238 275.136 DSrn¢tCharft•bl• Expgnthl 24.558 34275 58.833 154.842 Totsl ExpendIre 24.558 34275 58,833 154.842 Re8ourc•8 rotsinod forlurth•ru 4.614 8.791 13.405 Tr¥mifer belw•on Fund8 Net Movement in Funds 4.614 8.791 13.405 120.293 Roconclkations ol Fund• Brought fornrdrd 235 31.015 01 Juty 2023 Cawriwd forward 13.WJ3 151,308 30 jur 2024 12
1 HEART AFRICA LTD Company Reglstrallon Number. 11975966 Registered Charity No. 1176321 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 l. Accountlng Polldos Basis of Prnparation. These accounts have been prepared on an acclual ba5i% and Irude income and expendrture as they are earned or incurred, rather than as cash recerved or paKI. The re¢ommendatsons of the Financial Reporbng Standard applicable in the UK and Repubk of Ireland {fr55el and Charrlios Act 2011 have been fk)rd. Fund Accounting. The general funds consist offunds that the Tru5tee5 may use 1 Heart Afr'S charIlab pul$e8 at their discreb"on. The restricted funds are those where the donor IHS imposed TeslrKth)ns on the use of Ihe funds, which are legalty binding. RestrKteil furKls held in reseryt at the end of the year represent income Teceived from donors to be spent ithin the folkning year. Delails of these funds are set out on the separate schedule in Note 5. Voluntsry Incom8 Al voluntsry income and donatv)ns are recognised and inded in the xcounts as they arg received. Direct Charitsbk Expendftur•. Direct chantable expendrbjre comprises al costs inrAJrd in running the Charity that are directy attriblrtable to the Charity$ prwts. Govgmance costs Include those sts asscoated itrt meeting the constiwnal atxl slalutory requyements of Fund-ralslng Expondlturn. Fund4aising expenditure comprises costs irKurr8d in people or organisations to contribLrte financially lo the Ch8rtys vrtyk and includes a share of olTKe o¥ertads. 13
I HEART AFRICA LTD C¢rnpJny Reglstratlon Numbw. 1197S966 Rgghtered Charfty N 1178321 NOTE THE ACC FOR THe YEAR ENDED 30 JUNE 2024 2 Debtor5 Amounts Du• Tlthln Yth•r 2023r2024 ir1voi bth nol paKI 3 AecNed Income 4 Credltor8 202312024 Amownts Dw Tlthln On• Y•ar 6 Incomlng R•souYe 2023r2024 202W2024 Unrntsi¢ted R•stri¢ted 202312024 202212023 Total Totsl Donation General PaeTrt Mobile Payment Mass Pay Paymert Subscription Payment Expr8ss Checkout Paym&rt (Aher Incorne Michael Jaman Lenny Kravitz Cara Delavvjne 921 921 27.408 10.781 27,368 1,764 10,781 27,368 1,764 225.136 20.000 25,000 Totsl 29.172 275.136 14
1 HEART AFRICA LTD 11975966 R•glBtsred Charlty No. 1176321 NOTES TO THE ACCO FOR THE YEAR ENDED NE 6 Resources Expendgd 202Y2024 202312024 202Z12023 Totsl Total Fo(xl Education and Rec¥eation Medical fees staff Pay Goma von0 Relief Rebuild Prop Congo Project Mministration UK Oper*"ons nshas3 Operatims USA Operations and will rise Wages akett'ng Totsls 5,532 2.077 2.077 10.115 6.773 10.115 6.773 1.144 6,415 43,234 2,031 154,842 24,558 24.558 275 15