## **AND UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 MARCH 2025** 




TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
TABLE OF CONTENTS
Legal and administrative information
Introduction
Statement of the Chair
Objeclives and Activities
Structure, Management and Governance
Statement of Trustees Responsibilities
14
Financial review
Independent Examiners Report
17
Financial Statements
18

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
LEGAL AND ADMINISTRATIVE INFORMATION
Charlty name
Amala Education
Company number
10671722
Charity registration number
1181373
Charity's principal address
Garden Cottage
Walters Green, Penshurst
TN11 8HD
Tonbridge
Trustees and Corporate Directors
(up to and including date of signing)
Keith Clark (Chair)
Colin Habgood {Treasurer)
Sara Heinrich (resigned Sept 25)
Caroline McLaughlin
Jessica Oddy
Stela Barcelos
Polly Akhurst
Mia Eskelund Pedersen (Company Secretary)
Co - Executive Directors
Polly Akhurst
Mia Eskelund Pedersen
Bankers
Santander UK PIC
Bridle Road, Bootle
Merseyside
L30 4GB
Independent Examiners
Warner Wilde
Chartered, Certified Accountants
4 Marigold Drive, Woking
Surrey
GU24 9SF
Website
www.amalaeducation.org

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
INTRODUCTION
Thetrustees, who are alsodirectors of the company forthe purpose of the CompaniesAct 2006,
st
present Iheir report with Ihe financial statements of the charity for the year ending 31 March
2025.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the financial statements and comply with the charitable company's
memorandum and articles of association, the Companies Act 2006 and Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their financial statements in accordance with the Financial Reporting Standard applicable in the
Uniled Kingdom and Republic of Ireland (FRS 102) (Effective l January 2019).
STATEMENT OF THE CHAIR
This was another hugely significant year for Amala. In a range of ways, this was the year in
which we moved decisively away from life as a still-young organisation and became fully-
fledged. with a robust core team and structure, funding that enables us to plan more securely,
and - most important- ever-increasing impact.
The Trustees are incredibly grateful to those individuals, organisations and foundations who
committed such transformational, in some cases multi-year, funding during 2024-25. Some of
that has enabled us to grow our existing programmes or embark on bold new ways of reaching
more refugee youth,. in other cases, it has helped with our all-important core funding. We must
be conscious of the great pressure on funding in our sector, not least the consequences of the
withdrawal of USAID funding. However,we areencouraged that donors and supporters continue
to see the vital importance of Amala's work.
The Board appreciates every organisation and individual who contributes to our funding or
supports us in other ways. Yourcommitment inspires us and makes so much possible. Tothose
of you considering a funding or other commitment. we invite you lo look more closely at what
we do, to see our work in action, and to understand just how far your money will go in making
an impact.
We put in place our second strategic plan during this year. This will compel us to move
signif icantly beyond Ihe 5,000 young people from refugee communilies that we have reached
to date. We are confident now that we are ready for scale. We have ample evidence of the
transformational nature of an Amala education
both on individuals and families but also on
communities. Not to grow significantly is not an option.

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Our new slralegic plan also recognises the potential for much wider impact. It is a matter of
great satisfaction to the Board that Amala has been able to change some of the discourse on
refugee education, and our leaders, facilitators and alumni are all helping other organisations to
understand its importance. This is critical when the challenges are only growing.. the global
population of refugees and displaced people continues to increase, and the need for secondary
education in their communities is ever more urgenl if lives and communities are to be
transformed for the better. Amala is one of the few answers that the global community has.
There were many specific achievements in the year.. a f irst partner agreement to deliver the
Global Secondary Diploma, a form of growth that is key to scaling., signif icant strengthening of
our global leam, especially in programme development and with plans for finance and
fundraising,. enhanced quality assurance systems, which are crucial in an education programme
without external assessment,. and many others. The biggest achievement of all, though, is
witnessing the transformed lives of those who come into contact with Amala.
I greatly appreciate the contributions made by my fellow Trustees to Amala's development.
Many important decisions were made in the year and every Board meeting marked further
tangible progress. In turn, we express our gratitude to our Founders and Co-Executive Directors,
Polly Akhurst and Mia Eskelund Pedersen, for their vision, inspiration, and commilment. They
identified a need and Amala is now taking major steps towards addressing that need.. but there
is so very much more to do.
Keilh Clark
Chair of the Board of Trustees

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
oBJE￿IVEs AND ACTIVITIES
Introduction
By the end of 2024, displacement reached its highest level in history.. 122 million, or one in every
67 people worldwide, forced from their homes due lo persecution and violence. For young
people, this often means a sudden end to education, and with it, opportunities for their future.
Education like Amala's changes that.
Mission and vision
Amala was established in 2017 with a bold mission to use the power of education to transform
the lives of refugees, their communities, and the world. Amala designs and delivers
transformative education programmes with a focus on the development of young people who
are refugees or in other ways affected by conflict. Our long-term impact goals are to-
1) Enable young refugees to turn their hopes into reality
2) Ensure that refugees play key roles in solving local and global challenges
3) Contribute to achieving inclusive and quality education for all through Amala's unique model
of education.
Amala's main objective, as set out in our governing document, the Articles of Association, is..
The advancement of education, in particular but not limited to facilitating access to education for
refugees or those who have been affected by conflict, including through the provision of course
material, learning support and delivery of teaching through technology and distance learning.
Our Programmes
Our programmes are tailored to the needs of refugee adolescents and young adults and consist
of both formal and non-formal learning. Programmes are designed to be adaptable to a wide
variety of different contexts and have been run in twelve counlries, across four continents.
1. Global Secondary Diploma - the first internationally accrediled upper secondary programme
enabling out-of-school refugee and conflict-affected youth to complete their secondary
education.
2. Changemaker Courses - non-formal programmes that enable youth lo cultivate agency in
critical areas such as peacebuilding, ethical leadership, social entrepreneurship, digital literacy,
and artistic expression.

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Strategic Plan - Expanding Hope
This year marked the launch of Amala's second strategic plan. Expanding Hope. The strategy
sets out our ambitious goal to enable millions of refugee youth to access transformative
education by 2040.
Expanding Hope follows our inaugural strategy, Launchpad to Scale, a period where we
accelerated Amala's development and set the groundwork for our next phase of growth. We are
now expanding our transformative learning model and scaling to meet the urgent need for
inclusive, life-changing education for refugee youth.
Our strategic goals within the stralegy are..
1. Grow the impact of Amala's transformative educalion programmes - at least tripling ihe
reach of our programmes and increasing their accessibility and their value for students and
partners.
2. Extend our model of transformative education to influence systemic change - start the
journey to influence the education in emergencies sector to mainstream transformative
education.
3. Sustaln impact through a strong funding model power our growlh and impact through a
mixed economy of repeatable funding, diversified income, and trialling income generation
models.
Report of Activities
1. Grow the impact of Amala's transformative education programmes
This year. Amala reached 1.447 students. bringing our total student numbers since 2017 10
4,977. While our student reach was on par with the previous year, it was below our target for the
year of 2,175 students. The shortfall was largely due to limited funding for Changemaker
Courses earlier in the year due to the focus of the previous year being on accredilation.
Successful fundraising efforts at the end of the year meant that we have confirmed funding for
1,550 students to start Amala programmes in the coming year - continuing the trajectory of
growth.
Growing our impact is not only aboul reach but aboul sustaining and improving the quality of
our programmes. This year, we introduced our new quality assurance framework, which defines
what quality looks like for Amala across both educational and operational areas. The quality
assurance framework is proving to be a valuable tool for continuous improvement of
programmes run by Amala as well as those run by partners.

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Global Secondary Dlploma
The growth of the Global Secondary Diploma (GSD) during this period was significant, with a
total of 306 students participating, more than any other year of the programme.
A major milestone was reached when we collaborated with Kalobeyei Initiative for Better Life
(Ki4Bli) to pilot a partner-operated GSD for the first time, with the first students starting in March
2025. Ki4Bli first partnered with Amala to run Changemaker Courses in 2021 and was in a strong
position to start working with us to expand our reach to the underserved Kalobeyei Settlement
area of Kakuma Camp. With funding from CSR partner Renaissance Re, we constructed a new
purpose-built classroom for the programme.
In Jordan, we partnered with Grieg Foundation to expand access to the GSD. Grieg Foundation,
along with partners Kahane Foundation and Horizon Foundation, is supporting Amala to offer
the programme to twice as many students as we have previously, and a new cohort of 50
students will be starting the programme in April 2025.
Alongside welcoming new sludents, we also sawthe programme's strong impacton ouralumni,
strengthened further by the CIS and NEASC accreditalion which was granled in January 2024.
Notable achievements include..
An alumnus from Jordan being accepted to Royal Holloway, Universiiy of London to study
Business Administration through distance learning whilst continuing his work as Programme
Coordinator at Amala.
An alumna from Kenya starting as Programme Coordinator for the pilot Ki4Bli-run GSD.
Alumni from Jordan becoming educators for the programme, as well as Refugee Guidance
Counsellors for World University Service of Canada (WUSC) and UNHCR Advisors on
Resettlement and Complementary Pathways.
Two alumni from Kakuma being accepted to the Amahoro Fellowship, a highly selective
opportunity for enlrepreneurs and social entrepreneurs from refugee backgrounds.
Changemaker Courses
Through our Changemaker Courses, we reached 1283 students. As in previous years, the main
area of growth with Changemaker Courses has been in Kakuma Camp, where twenty five
courses were run by longstanding partners URISE Faulu Productions, Kakuma Refugee
Secondary School, Ki4BLi, YEDA and KVC. We also started to work for the first time with an
organisation in Nairobi, Umoja Refugee Creative, which serves urban refugees.
An educator from Umoja commented on the Social Entrepreneurship course- "its not a system
of teaching, it's a system of helping the students to discover. to know how to be social
entrepreneurs, someone who can know how to connect and look for information..
We also grew our work in Uganda, parlnering with Lamuka Innovation Centre in Nakivale
Settlement and United South Sudan Urban Refugee Community (USSURC).

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Additionally. with funding from Education Cannot Wait and in partnership with UWC
Inlernational, we developed and ran an online learning programme, "Learning Bridge"
Programme for a group of 100 Afghan girls around the world.
In addition to these partners, we supported UWC Thailand to run our Ethical Leadership course
for their summer school which brings together refugee and non-refuge youth. We also
developed a programme for Ihe Institute of International Educalion's Odyssey Refugee
Scholarship programme which combined content from our ethical leadership and social
entrepreneurship courses.
Transformative Educator Programme
Now in its second year, Amala's Transformative Educator Programme evolved significantly this
year. This programme supports Amala educators to design and deliver transformative learning
which sees significant shifts in learners, changemaking skills and mindsets.
2. Extend our M¢￿e1 of transformative education to influence systemic change
Our long-term goal forthis area is to'mainstream, ourlransformative education approach within
the refugee education sector. Our short-term aim is to start to explore how we can do Ihis
through advocating for our education model and developing evidence for its success.
Instances of thought leadership using transformative education model
We have promoled Amala's education model at eighteen external engagement opportunities
this year, both wilhin international education and refugee education. A highlight of Ihe year was
in November, when Amala was awarded the 1885 Prize for Exceptional Service to Education by
NEASC, one of our accrediting bodies. Amala was invited to speak in plenary about our
education model at their conference and Board meeting. We also received our first feature in a
major news outlet.. the Financial Times ran an article about Amala, our education model and
impact both online and in print.
Increasing evidence to supportAmala's transformative education approach
Amala is currently collaborating with several researchers to deepen understanding of our
transformalive education approach. This will help us to produce convincing evidence Ihat our
model works and to discover what can be adopted by other systems.
Current research collaborations include Georgina Philips, who is researching accreditation for
non-formal refugee education in Jordan and Lebanon and Anne Marie Chow (Sealtle Pacific
University) who is studying leadership behaviours that foster collective teacher efficacy (CTE)
in refugee education.
3. Sustain impact through a strong funding model
At this stage of our development, f inancial sustainabilily is now the greatest barrier to scaling
our impact. With ambitious plans for growth and scale, it is necessary for Amala lo develop a
strong funding model. Key priorities are to diversify our funding sources so we are not overly

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
dependent on one source of income. develop long-term partnerships that can contribute to
Amala's growth over time and to build our fundraising and finance functions.
Dedicated efforts from the Co-Executive Directors on partnership development and fundraising
towards the strategic plan have been successful, wilh re-commitments from existing partners
and commitments from several new trusts and foundations enabling Amala to have 50% of
funds in place to deliver on our strategic plan.
At the same time. the external fundraising environment remains very challenging. with USAID,
the largest funder of refugee education closing its doors and many governments decreasing
their foreign assistance budgets. This has led to increased competilion among philanthropic
funders. Our leadership aeknowledges that these changes may affect Amala's ambitious plans
over the coming years while remaining optimistic about Amala's trajectory of growth.
Another key component of this work has been lo further develop both our funding and finance
functions in order to enable greater sustainability. In June 2025 we welcomed a new Head of
Finance to work strategically to shape Amala's financial future and in Sept 25 we appointed a
Head of Transformative Partnerships and Funding who will work closely with the Co-Executive
Directors to shape the slrategic direction in fundraising.
We also increased our efforts in community partnerships this year. A key area offocus has been
the development of the Amala Changemaker Schools Community, a network and toolkit for
schools around the world to learn, advocate and fundraise for refugee education. St Joseph's
Inslitution International (SJII) and International School of the Hague (ISH), as committed partner
schools. are already part of the network and planning advocacy and fundraising activities for
Amala. It is expected that we will grow the network in 2025-26 with more schools due to join in
the coming year. The Big Give campaign, now Amala's second year taking part, hit its largel,
raising £20,000 and establishing itself as a regular fixture in Amala's fundraising calendar.
The trustees express sincere gratitude to Amala's donors for generously supporting the work of
the organisation over the past year. Particular thanks are to= Angus Lawson Memorial Trust,
Careduca Foundation, Dell, Education Cannot Wail, Educational Opportunity Foundation, Grieg
Foundalion, Horizon Foundation. International School of the Hague, Kahane Foundation, KM
Harbinson Charitable Trust, fvAalala Fund, Partners in Equity, Renaissance Re, Stitching Sub3,
The AITajir Trust, The Asfari Foundation, The Coles Medlock Foundation, The Waterloo
Foundation, UWC International, St Joseph's International Institution, and the individuals and
anonymous donors who have also made generous contributions that have led to the
continuation of Amala's work and impact.
We also express our thanks to our accreditors CIS and NEASC for their continued belief in
Amala's mission.
The trustees are graleful to our network of dedicated partners and volunteers whose
commitment ensures Ihat young refugees can transform their lives and communities through
education.
10

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
STRUCTURE, GOVERNANCEAND MANAGEMENT
Identity and constitution
Amala was founded in 2017 and is a registered charity in England and Wales, Charity
Registration Number 1181373 and a Company Limited by Guarantee, Company Registration
Number 10671722. Amala's constitution is its Articles of Association, the current version of
which is dated 7 September 2023.
Governance and management
Amala's Board of Trustees is made up of eight members. The Board has two sub-committees.
the Personnel and Remuneration Committee, which comprises three trustees, and the Finance
Commitlee, led by Amala's Treasurer and made up of two further members, as well as the
Committee Secretary. The six non-executive trustees give their time freely and receive no
remuneration. Trustees are required to disclose and register all relevant interests at Board
meetings. Trustees share a deep commitmentto Amala's mission and purpose. They are drawn
from different backgrounds, bringing diverse experiences and skills that help manage the
organisation responsibly and enable it to fulfil its objectives. New trustees with relevant
expertise are elected to the Board by existing trustees. Upon election, new trustees are inducted
and briefed on their governance role, the organisation's guiding principles, objectives, policies,
work, and strategy.
In 202412025, the Board of Trustees met fourtimes.. one meeting was held in person and three
meetings virtually. The Board met in person in Folkestone, UK in September 2024. Key issues
discussed included.. strategy, organisalional development, fundraising and financial
sustainability, finance and budget, safeguarding, performance and risk managemenl.
Appointment and election of trustees
Amala's governing document (Articles of Association) stipulates that there must be a minimum
of five trustees.
New trustees are appointed by the existing trustees, and serve for terms of three years. Trustees
can serve for a maximum oftwo consecLrtive terms, unless exceptional circumstances pertain.
Trustees who are also employees of the charity may remain in off ice for the duration of their
employment.
At present, the majority of trustees are founding trustees and have been given active
consideration to the addition of further trustees. In doing so, the trustees have been taking into
account the expertise, skills and experience required to administer the charity responsibly and
effectively at this slage of its development and to enable it to grow. New trustees will be
thoroughly briefed on the organisation's work, history, policies, future plans and managemenl

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
and given access to annual reports. statement of accounts and board papers.
None of the trustees has any beneficial interest in the company. All of the trustees are members
of the company and guarantee to contribute £1 in the event of a winding up.
Day to day management
The day-to-day management of the charity is delegated to the two Co-Executive Directors who
are also trustees. The two Co Executive Directors are only remunerated for their work as
members of staff, and their continued trusteeship is reviewed on an annual basis.
Risk management
The Amala Board of Trustees regularly reviews the risks that Amala is exposed to, considers
how to mitigate them and puts adequate controls in place. Amala has identified three principal
risk areas..
1. Income I funding: Amala's ability to achieve its ambitious impact goals depends on
successful fundraising. Without sufficient funding, the organisation may not meet its strategic
objectives. Currently, Amala has a Fundraising Manager and plans lo hire a Head of
Transformative Partnership and Funding irb 2025 to expand the team, helping to secure new
funds and diversify income sources for the fLrture.
2. Safeguarding: Amala serves young people who have been affected by conflict or crisis. Many
have experienced trauma and may be vulnerable to exploitation, abuse, or neglect. Amala has a
comprehensive Safeguarding & Welfare Policy and set of procedures in place to ensure the
safety of our students and staff. Further details of safeguarding mitigations are provided below.
3. Unstsble operating environments.. Government regulations and priorities related to displaced
populations in countries where Amala operates may change quickly. Shifts in attitudes toward
refugees or conflict in relevant regions can affect Amala's programmes. Amala monitors
developments and has established response plans to support continued student learning if local
circumstances change.
Public Benefit Statement
The trustees confirm that they have referred to the Charily Commission's guidance on public
benef it when reviewing the charity's vision, mission, and objectives and in setting its objectives
and policies and planning activities for the year.
Amala's activities are of public benefit because the organisation provides educational
programmes free-of-chargetoyoung people who are displaced oraffected by conflictwho have
no or limited access to high quality education.
12

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Our educational programmes enable participants to develop their sense of agency. have an
increased sense of wellbeing and purpose and improved access to further opportunities.
Furthermore, as the number of refugees continues to rise year on year, Amala is working
towards creating a scalable model to provide increasing numbers of conflict affected youth
with high quality education at upper secondary level.
Fundraising Statement
TheAmalateam and Board have strong relationships with the charity's donors. The Amala team
develops an annual fundraising strategy, detailing where attention is needed in fostering
fundraising relationships, and Ihe communications needed to best share the impact and needs
of projects.
Amala raises funds through individuals, events, trust and foundations, companies, and schools.
Differenl members of the team take responsibility for different areas of fundraising but report
to each other on activities and progress.
Amala does not use professional fundraisers or involve commercial participators. There have
been no complaints about fundraising activity this year.
Amala is signed up to the Fundraising Regulatorfs Code of Practice and works in a way thal is
compliant with the Code of Fundraising Practice.
No direct marketing took place in 2024-2025. Amala adheres closely to its privacy policy and
ensures Ihe recipients of mailings are carefully selected according to Iheir specific inleresls.
The Amala donor database is kept up to date to accurately record the contact preferences of
donors. Any contact changes requested by donors are implemented immediately.
Safeguarding
Amala is committed to the protection of children and young people and has developed a
comprehensive Safeguarding and Welfare Policy and Team Code of Conduct that is
implemented across the organisation to ensure that children and young people are protecled
from harm. The Policy sets out how all members of Amala's team (employee, consultant,
volunteer or representalive} and all Amala students should conduct themselves in Iheir
interactions with children and young people. All concerns are tracked and monitored using the
Child Protection Online Management System (CPOMS) -a confidential and secure online
platform.
The trustees receive a safeguarding updale at each board meeling and monitor effeclive
continuous implementation of the Safeguarding and Welfare Policy and strengthening of
Amala's safeguarding practices.
The Amala Safeguarding and Welfare Policy is reviewed annually and approved by the Board of
Trustees and is published on our website alongside other key safeguarding procedures and
Documentation.
13

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
Remuneration
The Personnel and Remuneration Committee is responsible for setting the salaries of the Co-
Executive Directors and for reviewing the salaries of other team members.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees Report and the Annual Accounts in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Conslitution requires the
Trustees to prepare financial stalements for each financial year which give a true and fair view
of the state of affairs of the Charity and of the incoming resources and application of
resources, including ihe income and expendilure, of the Charity for that period. In preparing
those financial statements, the Trustees are required to..
select suitable accounting policies and then apply ihem consistently;
observe the methods and principles in the Charity SORP-,
make judgements and estimales that are reasonable and prudent-
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial stalements on the going concern basis unless il is inappropriate
to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the Charity and to enable them to
ensure that ihe financial statemenls comply with the Charities Acl 2011, the Charily (Accounts
and Reports) Regulations 2008 and the provisions of the Constitution. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps
for the prevenlion and detection of fraud and other irregularities.
In so far as the Trustees are aware..
there is no relevant information of which the Charity's examiner is unaware-
they have taken all steps required to ensure that they are aware of any relevant
information and to establish that the examiner is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the Charitls websile. Legislalion in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
14

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
FINANCIAL REVIEW
Activities and results
The financial results for the year are sel out in the Financial Report. In the year, the charity's
total income was £742,830 compared with £861.359 last year. Unrestricted income forthe year
was £247,752 (2024.. £49,577).
Total expenditure for the year was £736,147 of which £727,659 was restricted, compared with
£681,898 last year, of which restricted was £657,890. The majority of expenditure was for
programme implementation, educational and organisational development.
The net surplus for Ihe year totalled £6,683 (2024.. £179,461), constituling a restricted deficit
of £232,581 and an unrestricted surplus of £239,264. The deficit on restricted funds is due to
a restricted grant from Partners in Equity being received in the prior year for continued use this
financial year.
Reserves Policy
As of 31 March 2025, total reserves at year end were £730,451 split as follows..
Reslricted Reserves £333,435 {2024'. £566,016)
Unrestricled reserves £397,016 (2024- £157,752), split between General Funds of £178,645
and designated funds of £218,371
It is the policy of the charity that unrestricted reserves should be maintained at a level of six
months of unrestricted budgeted expenditure. However, due to a grant being received from
Stichting Sub 3 towards the end of the year for £207,449, unrestricted reserves have risen
above the six monlh level. At the end of the year, £198,371 of the Sub 3 grant is carried
forward, along with an amount of £20,000 from a separate funder. These funds are
designated as follows:
Designations
Amount
Kenya Global Secondary Diploma
£125,521
Changemaker Courses
£64,000
Global Secondary Manager and
Programme Support
£15,100
Jordan Global Secondary Diploma
£13,750
Total
£218,371
15

TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT)
For the year ended 31 March 2025
The trustees are dedicated to safeguarding the continuity of Amala's educational programmes.
ensuring that all students can complete their studies regardless of potential income shortfalls.
In light of the current funding landscape and economic conditions, the Irustees have carefully
evaluated and determined that the current reserve levels are sufficient.
Going concern
The Irustees have assessed the major risks to which the charity is exposed and are satisfied
that systems are in place to mitigate exposure to the major risks.
The truslees have a reasonable expectation that Amala has adequate resources to continue lo
operate the next year. For this reason, they continue to adopt the going concern basis in
preparing ihe financial statemenls.
The Trustees, report was approved by the Board of Trustees
Keilh Clark
Trustee
16th December 2025
16

AMALA EDUCATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AMALA EDUCATION
I report to the Iruslees on my examination of the finanaal slalements of Amala Education {the charityl for the year
ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity land also ils directors for the purposes of company lawl, you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial slalements of the charity are not required lo be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the
charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 1451511bl of the CharitiesAct 2011.
Independent examln&rfs statement
Since the charity's gross income ex￿eded £250,000, the independent examiner musl be a member of a body listed
in section 145 of the Charities Act 2011. 1 confirm that l am qualified lo undertake the examinats.on because l am a
member of Accocialion of Chartered Certified Accountants, which Is one of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause lo believe that In any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act
2006.
the financial slalements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the finanryal slalements give a true and fair view, which is not a matter
considered as part of an independent examination.. or
the financial slalements have not been prepared in accordance wth the methods and principles of the
Statement of Recommended Practi￿ for accounting and reporting by charities applicable lo charities
preparing their financial slalements In accordan￿ wth the Financial Reporting Standard applicable In the UK
and Republic of Ireland IFRS 1021.
I have no concems and have come across no other matters in connection with the examination lo which attention
should be drawn in this ￿port in order lo enable a proper understanding of the financial slalements lo bè reached.
Frances Wllde FCCA DChA
Vvarner Wilde Limited
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Date".
17-

AMALA EDUCATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current flnanclal year
Unrestrlcted
funds
2025
Restrlcted
fund$
2025
Total
Total
2025
2024
Notes
Income from:
Donations and legacies
247,752
495,078
742,830
861,359
Total Income
247,752
495,078
742,830
861,359
Expenditure on-
Raising funds
Charitable activities
7,957
719,702
7,957
728,190
5,915
675,983
8,488
Total expenditure
8,488
727,859
736,147
681,898
Net Incomellexpendlturel and movement In funds
239,264
1232,5811
6,683
179,461
Re¢onciliation of funds-
Fund balances at 1 April 2024
157,752
566,016
723,768
544,307
Fund balances at 31 March 2025
397,016
333,435
730,451
723,768
The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure
derive from continuing activities.
Prior financial year
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Notes
Income from:
Donations and legacies
49,577
811,782
861,359
Total income
49,577
811,782
861,359
Expendlture on:
Raising funds
Charitable activities
342
23,666
5,573
652,317
5,915
675,983
Totsl expenditure
24,008
657,890
681,898
Net income and movement in funds
25,569
153,892
179,461
Reconciliation of funds:
Fund balances al 1 April 2023
132,183
412,124
544,307
Fund balances at 31 March 2024
157,752
566,016
723,768
18-

AMALA EDUCATION
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
10
7,211
19,695
Current assets
Debtors
Cash at bank and in hand
11
4,590
738,997
44,140
680,853
743,587
724,993
CreditoTr: amounts falling due within
one year
12
120,3471
120,9201
Net current assets
723,240
704,073
Total assets less current liabilitios
730,451
723,768
The funds of the charity
Restricted income funds
Unrestricted funds
14
1S
333,435
397,016
566,016
157,752
730,451
723,768
The company is entiued to the exemption from the audit requirement wntsined in secb'on 477 of the Companies Act
2006, for the year ended 31 March 2025.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of finanaal statements.
The members have not required the company to obtain an aLJdit of its financial statements for the year in qLJestion in
accordance with section 476.
These financial ststemenls have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies regime.
The tinan
121 state
enls were approved by the Iruslees on .
16th December2025
C Habgood (Treasurer)
Trustee
Company registration number 10671722 (England and Wales)
19-

AMALA EDUCATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng actlvltles
Cash generated fromllabsorbed byl
operations
19
58,144
185,4241
Invg$tlng a￿1¥111￿$
Purchase of tangible fixed assets
15131
Net cash used in investing activities
15131
Net cash ganerat8d from financing activities
Net increasellde¢reasel In cash and cash
equivalonts
58,144
185,9371
Cash and cash equivalents at beginning of year
680,853
766,790
Cash and cash equivalents at end of year
738,997
680,853
-20-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity inforniation
Amala Education is a private company limited by guarantee incorporated in England and Wales. The
registered office is Garden Cottage, Walters Green Road, Penshursl, Tonbridge, Kent, TN11 8HD. Amala
Eductaion is also a registered charity.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's governing document. the
Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordan￿ wth the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared In slerfing, which is the functional currency of the charity. Monetary
amounts in these financial stslemenls are rounded lo the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
Al the lime of approving the financial stalemenls, the trustees have a reasonable expectation that the charity
has adequate resour￿$ lo continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of a￿o￿ntIng in preparing the financial stslemenls.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Restricted fijnds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial slalements.
Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the
charity.
1.4 Incomo
Income is recognised when the charity is legally entitled to il after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that Income will be received.
Cash donations are generally recognised on receipt. Other donations are generally recognised once the
charity has been notified. Where the donation has performance conditions which are unmel or requires that
the related expenditure is deferred, then the income is deferred. Income tax recoverable in relation to
donats'ons received under Gift Aid or deeds of covenant is recognised at the ts'me of the donation.
Legacies are recognised on rèceipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
conlingenl asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and services provided in the normal course of business, nel of discounts.
21

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT Is charged as a cost against the activity for which the expendf(ure was incurred.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Computers
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the slalement of financial activib"es.
There is a de minimus value for capilalisalion of £250.
1.7 Impairment of fixed assets
Al each reporting end date, the charity reviews the carrying amounts of ils tangible assets to deterrnine
whether there is any indication that those assets have suffered an impaimenl loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo determine the exlenl of the impaimienl
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalen15 indude cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of th￿e months or less, and bank overdrafts. Bank overdrafis are shown
wthin borrowings in Current liabilities.
1.9 Flnan¢ial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its finanaal instrLJments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
contractual provisions of the inslrumenl.
Financial assets and liabilities are offset, wfth the net amounts presented in the financial slatemenls, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a nel
basis or lo realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
-22-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constilules a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted at a market rate of Interest. Financial Iiabililies classified as payable
thin one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derècognised when the charity's eonlractual oblig8tions expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlillement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity's accounting Policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
source5. The eslimales and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlon$ and 19ga¢19$
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total Unrestrlcted Restrlcted
funds
funds
2024
2024
Totsl
2025
2024
Donations and grfts
Grants
20,151
227,601
25,319
469,759
45.470
697,360
49.577
86,298
725,484
135,875
725,484
247,752
495,078
742.830
49.577
811,782
861.359
-23-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and legacles
Icontlnuedl
Unrestricted R￿trICted
funds
funds
2025
2025
Total Unrestricted Rostricted
tunds
funds
2024
2024
Totsl
202S
2024
Donations and gifts
C Habgood & J Longson
Mr and Mrs Miyakoshi
The Waterloo Foundation
Griffsome Trust
C and l McLaughlin
Sl Joseph's Institution
International Ltd
The Big Give
M Schoningh
Other
10,220
10,220
4,980
57,500
4,980
57,500
5,000
5,000
20,000
20,000
5,000
5,000
2,229
14,957
2,229
14,957
10,349
4,970
10.349
4,970
9,931
9,931
29.577
6,632
36,209
20,151
25,319
45,470
49,577
86,298
135,875
Grants
Partners in Equity
Kahane Foundation
stichting Sub3
Education Cannot Vllail
Grieg Foundation
Educational Opportunity
Foundation
UWC RISE- Schmidl
Futures
Horizon Foundation
The Waleiloo Foundation
Malala Fund
Careduca Foundation
The AITajir Trust
Angus Lawson Memorial
Trust
Partner Schools
RenaissanceRe
The Asfari Foundation
The Coles Medlock
Foundation
KM Harbinson Charitable
Trust
Dell
Other
130,000
51,478
130,000
51,476
207.449
29,947
71,354
497,500
40,758
497,500
40,758
207,449
29,947
71,354
27,825
27,825
108,279
16,000
10,000
108,279
16,000
10,000
36,000
36,000
32,214
24,393
10,000
32.214
10,000
13,325
4,9
20,000
7,000
13,325
6,349
20.000
7,000
1,393
9,260
9,260
1,250
759
1,250
759
18,759
18,759
52,947
52,947
227,601
469,759
672.967
725,484
725.484
-24-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds
Unrestricted Restricted
funds
funds
202S
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Fundral$lng and publlclty
Advertising
Other fundraising costs
940
7,017
32
310
50
5,523
82
5,833
7,017
7,957
7,957
342
5,573
5,915
Expendlture on charltable actlvltles
Charitable
activities
2025
Charitable
activities
2024
Dlrect costs
Staff costs
Depreciation and impairment
Programme delivery
Printing, postage and stationery
IT subscriptions and learning software
Other staff costs
Course costs
Repairs, renewals and small equipment
Rent
Insurance
Overseas Programme Consultants
282,096
12,485
258,451
68
13,645
14,860
3,080
4,092
3,902
1,505
129,905
251,850
12,538
263,251
29,216
4.512
7,762
650
1,024
1,257
94.935
724,089
666,995
Share of support and governance costs (see note 61
Support
Governance
145
3,956
1,800
7,188
728,190
675,983
Analys1$ by fund
Unreslricled funds- general
Restricted funds
8,488
719,702
23,666
652,317
728,190
675,983
-25-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
2025
2024
General expenses
Governance costs
145
3,956
1,800
7,188
4,101
8,988
Analysed between:
Charitable activities
4,101
8,988
2025
2024
Governan¢g costs comprlsg..
Legal and professional
Independent Examiner
Board and governance
406
1,440
2,110
1,491
5,697
3,956
7,188
Trustees
Two Iru5tee512024." Two) received remuneration as disclosed in note 8.
Two trustees received £11257 reimbursed expenses for travel, accommodation and conferences.
2 trustees donated a totsl of £15,22012024.. £20,917) wf(hout conditions.
Employees
The average monthly number of ernployees during the year was..
2025
Number
2024
Number
Employment costs
2025
2024
INages and salaries
Social security costs
Other pension costs
256,152
22,189
3,755
229,500
19,138
3,212
282,096
251,850
There were no employees whose annual remuneration was more than £60,000.
-26-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Employees
Icontlnuedl
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows..
2025
2024
Aggregate compensation
114,608
103,371
Key management personnel is defined as the senior management team. Total remuneration includes
employerfs pension and national Insuran￿ contributions before allocation of employer's allowance.
Two Irustees12022.' Two) re￿1ve remuneration from the charity as disclosed above. This is permitted by the
Articles of Association and is not in respect of trustee duties.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
Computer8
Cost
Al 1 April 2024
38,473
Al 31 March 2025
38,473
Depreciation and impairment
Al 1 April 2024
Depreciation charged in the year
18,777
12,485
Al 31 March 2025
31,262
Carrying amount
Al 31 March 2025
7,211
Al 31 March 2024
19,695
11 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
4,000
590
43,383
757
4,590
44,140
-27-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
12 Creditors: amounts falling due within one year
2025
2024
Other tsxation and social security
Trade creditors
Other creditors
Accruals and deferred income
7,652
6,114
7,249
6,102
1,455
11,240
1,455
20,347
20.920
13 Retirement benefit schemes
2025
2024
Dgfln9d ¢ontrlbutlon $chgmgs
Charge to profit or loss in respect of defined contribution schemes
3,755
3,212
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charty in an independently administered fund.
14 Rgstrlcled fund$
The restrided funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as lo how they may be used.
At 1 Aprll
2024
Incomlng
resources
Resources At31 March
expended
2025
Amala Global Secondary Diploma Kenya
Changemaker Courses in Jordan
Changemaker courses, Kenya
Amala Global Secondary Diploma Jordan
Partner operated Global Secondary Diploma,
Kenya
Rise.. All locations
Organisalional Development & Capacilly
Building
Infrastructure Development Kakuma Camp,
Kenya
Other restricted funds
36,771
5,331
24,608
24,910
24,393
759
35,815
173,801
153,0331
11,1201
135.1341
1125,0161
8,131
4,970
25.289
73,695
41,150
129,8191
14,9681
11,331
8,624
13,592
460,804
137,000
1457,4191
140,385
20,000
62,160
20,000
41,010
121,1501
568,016
495,078
1727,6591
333,435
-28-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
14 Restrfcted funds
Icontlnuedl
Prevlous year:
At 1 Aprll
2023
Incomlng
resources
Resources At31 March
expended
2024
Amala High School Diploma Kenya
High School Diploma British
Courses in Gree
Changemaker Courses in Jordan
Changemaker coursè in Kakuma Camp, Kenya
Amala High School Diploma Jordan
Rise." All locations
Organisalional Development
Fundraising coordinator
Infrastiuclure Development Kakuma Camp,
Kenya
Horizon Scholar Grant
47,533
4,119
1,970
30,551
141.3131
14,1191
11,9701
36,771
5,331
40,506
60,890
108,279
497,500
57,500
5,331
24,608
24,910
13,592
435,921
24,883
66,889
11,744
787
270,374
8,708
182,7871
147,7241
195,4741
1331,9531
141,3251
10,000
1.225
110,0001
11,2251
412,124
811,782
1657,8901
566,016
h School Di
loma Ken
To run Amala's transformative High School Diploma for out of school refijgee youth in Kakuma Refvgee
Camp, Kenya.
Chan
emaker Courses in Jordan
To enable access lo transformative educational programmes for refugee youth in Jordan
Chan
emaker courses Ken
For running Amala courses in Kakuma Camp, Kenya.
Amala Global Seconda
loma Jordan
To run Amala's transformative High School Diploma for out of school refugee youth in Amman, Jordan.
Partner o
eraled Global Seconda
loma Ken
A Global Secondary Diploma course run by a partner in Kenya on behalf ofAmala.
Rise.. All locations
Funding for a changemaker course in Kenya.
Or
anisalional Develo
ment & Ca
aci
Buildin
For the ongoing development and capacity building in Amala lo ensure delivery of the Strategic Plan.
Infr8stiuclure Develo
ment Kakuma Cam
Ken
For future building and infrastructure of the Kakuma Learning Cenlre.
Other reslrirted ftjnds
Other funds restricted for the provision of education.
-29-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These Indude
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
Designated - Kenya Global Secondary Diploma
Designated - Changemaker courses
Designated - Kenya office and support costs
Designated - Jordan Global Secondary
Diploma
General funds
20,000
105,521
64,000
15,100
125,521
64,000
15,100
13,750
49,381
13,750
178,645
137,752
18,4881
157,752
247,752
18.4881
397,016
Previous year-
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Designated- Kakuma Global School Diploma
General funds
20,000
29,577
20,000
137,752
132,183
124,0081
132,183
49,577
124,0081
157,752
Unrestricted reserves have increased significantly due lo a grant being received from Stitching Sub 3 towards
the end of the year for £207,449. At the end of the year, £198,371 of this grant is Carried fotward, along with
an amount of £20.000 from a separate funder. Designations are shown above.
16 Analysls of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2026
At 31 March 2026:
Tangible assets
Current assetsllliabililiesl
171
396,845
7,040
326,395
7,211
723,240
397,016
333,435
730,451
30-

AMALA EDUCATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
16 Analysls of net assets between funds
Icontlnuedl
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsllliabililiesl
341
157,411
19,354
546,662
19,695
704,073
157,752
566,016
723,768
17 Related party transactions
There have been no transactions with related p8rties apart from those disclosed at note 7.
18 Future Fundlng
One of the members of the trustee board, C Habgood, has pledged a donation of £50,000 with the following
aims..
1. To demonslrale in¢reased Board support for Amala.
2. To increase restricted reserves.
3. To be matched one-for-one by other unrestricted donations.
£4,980 of this pledge was received during the 2023124 year.
£10,220 of this pledge was received during the 2024125 year.
19 Cash generated fromllabsorbed by) operations
2025
2024
Surplus for the year
6,683
179,461
Adjustments for:
Depreryation and impairment of tangible fixed assets
12,485
12,538
Movements in working capitsl-
Decreasellincreasel in debtors
IDecreasellincrease in creditors
IDecreasel in deferred income
39,550
15741
123,4921
6,069
1260,0001
Cash generated fromllabsorbed by) operations
58,144
185,4241
31