I HEART AFRICA LTD Company Regi8lration Number. 11975966 Registered Charity No. 1176321 FINANCIAL ACCOUNTS FOR THE YEAR ENDED JUNE 2025 CONTENTS Page Legal and Administrative Detsils Rewrt ofTrustees 10 Independent Examiner repyt 11 12 Slatements of Financial Activfaes 13-15 Notes to the ALcounts
1 HEART AFRICA LTD Company R¢gistration Number. 11975966 Reg18tsred Charity No. 1176321 ORGANISATIONAL PROFILE FOR THE YEAR ENDED 30 JUNE 2025 Trustees Chaka Clarke Ranes Fomosa Natssha MakervJo Registered office: 7.14 Great Dover Street Borough Lon¢Jon SE14YR Reg18teved Compny Numbor. 11975986 Registered Charity Number. 1176321 Independent Examiner Chades Osei. Bsc (Hons), MSC. FCIE, AFA ATA, MCIPP Flat 3 11 Rothda Way Depfford London SE8 4LY Approved by order of the board oftrustees on 1 st August 2026 on its behalf ty. and signed Ran8s Formosa Trnstee
I HEART AFRICA Trustees, Annual Report For the year ended 30 June 2025 Registered charity number 1176321 Reporting per0d le&7Jldettiits to be confirmed before opproval 202*2025
l HeartAfrits l Trustees. Anrkual ReFx)rt 2024-2025 Contents l. Reference and administratNe details 2. Executive summary 3. Objettives, artivities and public benefrt 4. Achievements and performance 5. Operational disruption and recovery 6. Risk management and safeguarding 7. Financial review and reserves 8. Structure, governance and management 9. Plans for the next year 10. Thank5 to donors and 5UPPOrter5 l. Reference and 3dministr3tive derails Reference Detail Charity name l Heart Africa Registered charity number 1176321 Reporting period l July 2024 to 30 June 2025 Registered I principal office Canopi. 82 Tanner Street. London SEI 3GN Website vhvw.iheartafrica.org Email info@iheartafrica.org PèÈe 2
l HeartAfrits l Trustees. Annual Report 2024-2025 ,'ear 11. Lumumba Village maintenance= at year*nd, the local team reported 24 houses, 24 toilets. three kitchens. one shed and one storage room in good condition. The two water tanks were filled three times in both May and June. repainting was the Principal Maintenan need. 12. Children's welfare and education.. 22 children attended school during May and were preparing for examinations in June while catching up on learning interrupted by insecurity. The local team delivered three counselling and educational sessions in May. followed by one educational session and two sports sessions in June. More than 31 children receNed meals in May- from June, families resumed responsibility for their children's daily meal5 13. Livelihoods and self-sufficiency= a pilot household empowement projett began in May. The local report retords that 20 familie5 each received a US$2tXl start-up grant for an income- generating activity, with the pilot due to be evaluated after four months before decisions about its continuation or expansion. 14. Local coordination: the charity worked through its team on the ground to monitor security, visit families, support School attendance. coordinate water and hygiene provision. and report on village conditions. This local reporting enèbled the trustees to adjust actNity as access and security improved.
l HeartAfrica l Trustees. Annual Report 20242025 4. Achievements and performance The charity's most important achievement was restoring a practical framework of care, education and family support after serious insecurwty. The May and June monitoring reports provide the following evidence of progress by the end of the year.. 15. All 24 houses. 24 toilets. three kitchens. one shed and one storage room were reported to be in good condition. with regular collectNe cleaning continuing. 16. A total of 22 children were attending school and preparing for end-of-year examinations, including catch-up work after the security disruption. 17. The water tsnks were filled three times in May and three time5 in June. maintaining access to drinking water and supporting cleanliness across the village. 18. More than 31 children received three meals a day during May, and children received hygiene supplies in June. No cases of illnes5 were reported in etther month. 19. A household empowerment pilot was launched for 20 families. with Us.( in start-up grants recorded in the May local report. 20. The local team reported calmer conditions in Kibati during May and June. allowing education, water, hygiene and Iwelihood activity to continue while security monitoring remained in place. f 4yk.ovatjnr?14".srur:.:on and racover SLThcur:"t¥ inciuent and y-ear-end position A worsening and unpredirtable security environment in and around Gorna materially affected the charity's work earlier in the year. Contact. movement. schooling and programme delivery were disrvpted. and the children and frdmilies were subsequently located and returned to Lumumba Village. By May and June. the local team reported that condition5 in Kibati were calmer and more stable. The trustee5 nevertheless recognise that the situation can change quickty and continue to rely on regular local reporting. Ji+-_ By year-end, the local team reported that the village buildings and sanitation facilities were in good condition. The principal physical maintenance need was paIntIng the houses after sustained rainfall. Water SLFpplied on credit in May was reported as paid in June. and regular tank refilling continued. The absence of a perimeter fence remained an identified security risk for residents.
l Heart Alrica | Trustees. Annual Report 20Z4-2025 program.me restart and familv empo¥4erment Activities paused during the pertod of insecurity were restarted in phases as conditions improved. Education resumed. welfare and hygiene support continued, and the household empowemient pilot began in May. The June report stated that families were already participating in the pilot and taking greater responsibility for day-to-day household needs. The trustees will use the planned four-rnonth review to assess results before extending the approach. . ear-end recorY priorities 21. Maintain reliable communication with the local tearn and continue close monitoring of security conditions. 22. Support the 22 pupils through the end of the school year and review examination outcomes when available. 23. Maintain reliable acSS to drinking water. hygiene supplies and basic health monttoring. 24. Evaluate the 2(famIlY empowemient pilot after four rnonths and record the outcomes for each participating household. 25. Plan the repainting of the 24 houses and assess the feasibility and cost of a perimeter fence. 26. Strengthen grant agreements. reipts. asset records and eviden supporting programme expenditure. P3ge 6
l HeèrtAfrica l Trustees. Annual Report 2024-202) 6. Risk management and safeguarding The events of the year brought the charrty'5 principal operational risks into sharp focus. These include beneficiary and staff safety, neWed insecurFty, the absence of a perimeter fence, interruption of schoolin& water access and credit. transport costs. the lack of o medical kit reported in June, deterioration of building finishes, and incomplete supporting records for localfy managed expenditure. Controls include gUlar local reportin& tmstee oversight, phased activity as condttions allow, monitoring of school and household welfare. family agreements for the eMwerMent pilot, and suspending work where risks cannot be managed. The trustees will continue to strengthen receipts, grant monitorin& incident records and èsset contro5s. The trustees will continue to review security and Safeguarding arrangements. The calmer conditions reported in May and June are encouragin& but they will not be treated as pemianent. and programme plans will remain capable of changing in response to verified local information. 7. Financial review and reserves The final financial statements should be read with this report. The figures below must be completed from the approved 2024-2025 accounts and reconciled to the Statement of Financial Activities and balance sheet. £fj.921.31 IM.4% 1.850.76 115A £LOB3.94 15. £2.1?IA$ 112.1 £5.3? 133%) L2k £4k Éir* Use of funds Expenditure during the year supported Lumumba Village maintenance. water. food, school costs. hygiene Supplies, local staffing and coordination, and the household emw)wem)ent pilot. The May and June monitoring reports contain actNity-level figures in US dollars.. the final financial statements must use only amounts reconciled to the charity's sterfing accounting records and musl avoid double- counting transfers between PayPal and LSoyds.
l HeartAfrica l TfUStees'Annual Rert 2024-2025 8. Plans for the next year The immediate priority for the next year is to Consolidate the pro8ress reported in May and June while retaining the ability to respond quick if security deteriorates. The charity will balance essential welfare support with a measured retum to family self-sufficiency atttvity. 27. Support the 22 children through completion of the school year and review examination results and any remaining education needs. 28. Complete the four-month review of the 2(frdMiIY empowern)ent pilot and decide whether it should continue or expand. 29. Maintain water provision. hygiene support and health monitorin& including consideration of an appropriate medical kit. 30. Repaint the village houses and assess the resources required for a perimeter fence. 31. Continue security monttorin& reliable local communication and prartical support for transport and village visits. 32. Strengthen family agreements. receipts. programme records. asset records and evidence of outcomes. 33. Continue fundraising for education. village upkeep and sustainable household INelihoods, with clear communication about how donations are used. Q Th.?.nk¢ to donnrs an.d si!rynorter¢ The trustees thank every donor, volunteer, partner and supporter who stood with the children and families of Lumumba Village during a deeply difficult year. Their support enabled the charity to maintain the village, restore activity after diSrUptn. sustain education and water provision. provide food and hygiene support. and begin the household empowemient pilot. The trustees also record their appreciation for the local team, whose commitment ènd judgement continue to guide the chartty's response in a challenging and changing environment. PRKE 8
l HeartAfrca l Trustees'Annual ReFNt 2024-2025 Page 9
1 HEART AFRICA LTD Company R¢gislrallon Ntsmr. Registered Charlty No. 11975 1176321 Independ8nt Examlnerfs report on the financlal stat•n To the trustggs of 1 Heart Afrfca Ltd I reFQrt on the financial statements for the year ended 30 June 2025 set out on pages 11-15. This reporl is made solety to the Trustees of 1 Heart Africa Ltd. as a in accordance wth regulations made under section 145 of the Chanties Act 2011 and ChaFty SORP lfrsse). My VIrk has been undertaken so that I might state to the Trustees matters l am required to state to them in an Independent Examinerfs eport and for no other purp)se. To the fvlkst extent pennitt8J by law, I do not accept or assume responsibility to anyone other than the chanty and Charis trustees for my independent examination work, for this reporL or for the statement I have gwi beltrw. Respertlve responslbilitie5 of Trustees and independent examiner As Chanty trustees for the purFK>ses of charity law, a resrM)nsJ'bfe for the preparation of the financial slatements. The Trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is need&J. Having satisfied myself that the Charity is not subj.t to an audit under company law and is eligible for independent examination, it is my responsibilty to: al examine the xcounts under section 145 of the 2011 Art b) follow the procedures La down the general DirectKJns grwen by Ihe Charity Commissioners under section 145(5}Ib) of the 2011 Art and c} state whether partULr matters have come to my attention. Basls of Independent examinerf5 5tatemeTrt My examination was carried out in a¢¢ordan¢e with the general Direckns gNen by the Charity Commission. An examinab.on Includes a review of the accounb.ng records kept by the Chanty. and a comparison of the accounts presenbj with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking expL4nat1(S from you as Tnjstees conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audrt, and consequenty no opinion is gNen as to whether the ac(x)unts present a.true and fair vm and the pOrt is limrted to those matters set out in the statement bekm. Independent examln*s ststement In conne¢lion with my examinakn. r> matter has come to my attention.. 11 which gives me reascmable cause to bdieve that in any material rp5P&t the requirements al to keep accounting records in accordance with Section 130 of the Charitss Art and bl to Ppare accounts which accord the accounb.ng records. compty with the accounts.ng requirements of the chare$ A£t have not been met.. or 2) to which, in my opinion. attention should be dra in orderto enabte a proper understanding of the accounts to be reached. Chades Osei, Bsc (Hon$), Msc. FCIE, AF& ATA MCIPP Flat 3. 11 ROChda Way Deptrord London SE8 4LY Date: 11108r2026 10
1 HEART AFRICA LTD Company Reglgtration Numb•r. 11975 Reglst•rnd Charity No. 1176321 BALANCE SHEET AS AT 30 JUNE 2 2024r2025 202V2024 Fixed Assèts Tan9ibl8 Assets Inve31ments Current Assats èblo¥s 6,924 A¢¢wed Ynwme Cash at bank and In h8nd 14,893 Credrtorn.. Amwnt due Trlhin 0 Year (7W) (1,0001 Nel Cuffent Assets Total As8et3 less Current Liabtlities 15, 13.8WJ 15.569 13,893 General F¥Jnds Restricted Funds 6.525 4.849 Total Funds 15,569 13,893 The charrtae company is entiued to exempti7 a111 nudw Sedi¢)n 47T ofthe CThnieB Act 20C6 for tho ar erYJed 30 June 21Y25 The members have not requir&1 thè fXXnP8ny to rtA8in drt of ts firw)iila st8tern forthe year ended 30 June 2025 in accordance with Sec11 476 ofthe CompanRs Act 2[. Thè trustees a¢knty4bledge their for la) ensuring that the charilable company keeps accounting recid$ that ojmpty ilh Sections 386 and 387 of the Cc4mpan Act and eparing finanual statements whith givè a In and fair ofthe stste of affairs of the tharitae company as 8t the erKI of finamial year and of aurplus or deficrt for the each finanola year in aCcOrdce the requirements of secb.ons 394 and 395 and olheThise c(pty wrth the requirements ofthe Companies Act 21x6 reirj to financial statements. so tsr as app1K¥e lo the aritat4e cc¥npany. Ib) Part 15 ofthe compleS Act 2CIA relab.ng to dMrilable small o)mwAes. Approved by the 808rf of Trustees cm 1 st August 2026 and Sign on I1r behalf by. Ran8$ Fom)0$8 Trustee 11
1 HEART AFRJCA LTD Company Reglstrallon Numbtyr. 11975 R¢gi¥tered Charfty No. 1176321 STATEMENT OF FINANCIAL ACTMnES FOR THE YEAR ENDEO 30 JUNE 2025 202412025 2023r2024 Total Funds Funds Funds Totsl Fund8 Résour Arlsing 42.670 42,670 43.086 Income from Chaiitabl& Acbvths 29.172 Oiher IncoTh Total Incom# 42.670 42.670 72.238 Dlr8ct Charflablè EXwndI 18.¢JM 18.(N)4 Total Expd[lU1? 18.1XJ4 18.( Ruoureo• rvtslned forfurther u 24.8 24.f 13,405 Exchang• rat• m¢)¥Wrt WnsUknss•81 I22.} I22,} N•t Movsm•nt in Fund¥ 1.676 13.405 R•eortclllations of Fun Brcmjght fOard 13.893 rJ1 July2024 15.569 13.893 June 2(Y25 The note5 on page5 1>15 form part oftlwe fin81 stalenwts. 12
1 HEART AFRICA LTD Company Regislratlon Number. 11975 Registered Charlty No. 1176321 NOTES TO THE AccouKrs FOR THE YEAR ENDED 30 JUNE 2025 1. A¢¢ountlng Polkles Basis of Preparation. These accounts have been prepared on an accnjal basis and include income and expenditure as Ihey are eamed or incurred, rather than as cash r1Ved or paKI. The r0mMenda1nS of the Financial Reporb"ng Standard applKabFe in the UK and Republ of [land(fr¥Sel and chariti.es Act 2011 have been folkTh¥ed. Fund Accounn9. The general funds consist of funds that the Trustees may use for 1 Heart Africa's tharilabTe purposes at their discretion. The restricted funds are those where the donor has imp959J restricti.ons on ihe use of the ftinds. which are legalty binding. Restricted fvnds hekd in reserve at the end of the year represent income received from donors to be spent wrthin the following year. Details ofthe funds a t out on the separats Schedu in Note 5. Voluntary Income All voluntary income and donations are recogni5ed ar included in the accounts as they are received. Dlrect Charitabh EXndItre. Direct chartsble expendrture comprises all costs incurred in wnning the Chanty that are direcuy attributable to the Charitys projects. Governance costs In¢5ude those costs associated wrth meeting the GonstittrthThl and $tatutory reqUirnents of the charity. Fundaraising Exwnditur•. Fund-raising expendtture comprises costs incurr&l in inducing peOe or OantK)nS to ntnbu1e financtalty to the Charitys and iludeS a share of office overheads. 13
I HEART AFRICA LTD Company R•gl$lvation Numbgr. 11975966 R•gi¥tere(I Chaflty 140. 1176321 NOTES TO THE ACCO THE YEAR ENDED 30 JUNE 2025 2 Debtors Amounts withln One Y•ar 202412025 6,¥24 3 Accrued Incom• Amounts Du• wllhln Yr 20x12025 4 Cr¢dltorn 202412025 Amounts Due within Ono Y•ar 7¢XJ 5 Incomlng ReBourc•s 2024ra125 2024r2025 2024r2025 2023r2024 Total Total P8yP81 Giving Fund UK Donation Genw81 Payment Mobile Payment Mass Pay P8ymenl Subscripts'on Donations WebsiteslExprèss Checkout Donat1$ 31.770 31.770 921 27,408 10,781 27.368 1,764 4.899 2,973 4.899 2.973 1.149 1.874 1.874 42.864 72,238 Rgfunds •nd other receipts Gro In¢om• 42,670 42.670 72.238 14
1 HEART AFRICA LTD C¢)mpany Regtstratlon Numlxr. 11975966 R8gist•r•d Charity No. 1176321 NOTES T THE ACCOUNTS FOR THE YEAR ENDED 30 JUKE 2025 2024r2025 2024r2025 202412025 202312024 T*)tal 2.482 8.808 3,846 2.07T Education and Reueatic Medical fees Lumumba Village maintenan¢e, repairs recovery Goma Volvano Relief Rebuild Prc¥e¢l Congo Project Administration UK Operations and govemance Kinshasa Operations USA Operatbons and we wll rE8e Wages, local slaff and Careers Makets'ng Totals 1.084 585 2,851 585 2.851 10,115 6,773 2,656 2.171 2,171 6.921 6.921 24,558 18.004 18.1x14 58.833 15