SOUTHERN AFRICA LITERATURE TRUST 71-75 Shelton Street London WC2H 9JQ Annual Report and Financial Statements for the year I" October 2024 to 30 September 2025 th Registered Charity No 1181782 Company Registered No 11581132 SOUTHERN AFRICA LITERATURE TRUST Index to Financial Statements Title Page N Report of the Trustees Ind¢pendent Examiner's Report Balance Sheet Statement of Finallci￿ Activiti¢5 Noles to the Accounts io-ii Page l of 11 SOUTHERN AFRICA LITEIL4TURE TRUST Report of the Trustees The tNstees, who att ￿&0 direclors of the ¢hxrAty for the putP05e5 of the Companies Act 2006, present thexr report with the financial 51atements for the year ended 30° September 2025. The trustees have adooed the provisions of Accounting a[￿ Reporting by Charitie5 StattmeDi of RecommeTJded Practice applicable to charities pr¢parillg theit attoullts in accordance with the Financial ReFrf)rtsng Standard PApplicable in the UK and Republic of Ir¢IatMI (FRS 102) (¢ff¢dive l January 2015). OBJEcfivE AND AcfiviTIES Objective aims The Chariry's objectives are set out in its MeTn0[￿￿ll and Artieles of Association and are as follows: To advance the Christiall religion I￿ particulatiy lyji exclusivety Central and Southern Afri¢4 for the benefjt of the public through the hOld￿g of ptayer meetin85. le¢ture4 public celebRiion of Teligious fcslivals pioducing an(VorIJi5tribut￿g li￿￿￿re on Christianity ¢0 ¢nlighteD others about the Christianreligio anil 2). The relief and assistance of peopl¢ ID any part of the world who are the victims of war or nattDI disasters, trouble, 01 catasimph¢ particular by the PmViSiQD of grduts io charitsble Owdtiisatkons. How our actiwlties deliver public bellefit The trustees have paid due regard to guidance IS￿*d by the Charity Commis5iou in deciding wbat activill¢S tlje charity should undeM2ke. The trustees have c¢)mplied with their duty in Section 17 of the Ch￿111¢S ACÉ 2011 and have paid duc regard to guidancc publishL￿ by (be Charity Commission regarding publi¢ benefIt. ACHIEVEMENT AND PERFORMANCE ChAritable activities Encouragemellts: l. Gospel lllteratur¢ Distribution The distiibution of Gospel Literatu￿ continues to be thc corne￿I￿ne of our work Duting the year. itents distributed brought the nmniDg total to approximatcly 22 million pi¢¢es. conwrising Gospel tracts. ¢alendaT5, Bible portions. and Bible SllKiy matcrials. This distribution ¢ffort is Carried by aroulld 400 volunteers operatii)g nationwide. The Twstees are particularly thallkful foi the strdtegic pamnersbip with Revival Movernent. alongside the faithhl financial support L)f the knd'5 people. This 5UPPOrt has enablcd the Trust io address shortfalls by comtnissioming commercial piiniing W￿thin Malawi. DurinD the year, the T￿&1 &ld¢d six new Ckn"chewa tracts Éo its catalogu4 whiell have proved especially popular. 2. Bffible TeAchithg Colllereb)Ce The aJLnuai Bible Teachst)g Conference remains an imyjrtallt aspect oleqwpping and ¢n¢outaging lii¢rature éisiribution volullteers. while also serving local believers. The May 2025 conference was a particular ble55ints with ￿0￿nd 80 disttibulors atteThding alongside approxi￿al¢lY 20 local believers. Truste￿ were encouraoed by steady growth in the local assembly. Teaching covcred l Ti￿othY during the F￿51 week and basic Dispellsdiional teach￿ during the second w¢eL Feedback was excellcni, and the TNste¢s are encourdged to consider expthiug tlus millisiry. 3. Children's Ministrie5 At Saidi, aroutml 6(X) chilthen atte￿Ied with varying reglllarily, USlDg Nthawi ya Baibulo materials a valuable pilol. Numerous sch(N)I visits were undertaken. often attended by elliire schoo15, lolEowed by cla5sri)om visits alld distribution of popular classroom pack5. Nthawi ya Baibulo was pilottd in 2024 and fully laullched in ihe first half of 2025. Around 1,000 group leaders were trdine(L approximately (A).IKJO lesson ixK)k]ets di5tribute4 athd e￿lY f¢¢dback bas been v¢ry positive, with noticeable improvcments in Bible knowled¥e. Page 2 of 11 SOUTHERN AFRICA LITERATURE TRUST Report of the Trustees (Continued) 4. Emmams Ministry Progress conti￿lled oll revising existing Chiclrn courses and expaTrdtllg the catslogu¢ througb tr?￿1￿tiOll of new titles, supporting oJJ8oing dI￿1p[eshlp. 5. Infr&4tructDre Following the suc¢ess of the 2025 Bible Teaching Conftrence, WO￿ commenced on all 8(kbed dornytory proje¢t. SI￿ cle2rd￿ce began in Augusr 2025, aN5 footings were powed in September 2025. Trustees bekneve tlu"s deyeloprnent will bring long4crn? bwEfJt to the wo 6. Care & Relief The Tn￿le¢S ate thankful that there were no major cycloThes duttng the yezr. The TTh￿1 continued daily support for aTOllt￿ 100 orphan refuge¢5 at Dzaleka and approximately 300 street children in Lilongwe. Local reliefretllaiued limitrd and targeted. 7. Govern￿•¢¢ & Strategy A Trustee WoIk5hop aud Retreat held in LitDavady April 2025 provided vatuablc time for reflectio￿ tean building. and Stra￿gY development. Several Board Commit￿eS emerged from this process strengthening gov¢mallce. 8. Trusteeship During the year. Jim M¢M&ster stepped down a5 Trustee. and Carl Radcliffe was ￿l£orned lo thc Board Trustees tonlinuc to seek to streDgthen goveTDatte capacity both in the UK at￿ Malawi. 9. ChAllenges The Malawian ¢eonorny re￿ainS under 5ever¢ strain. in¢luding foreign ex¢hsnge shortages. inflation esiimaied at 25-3￿/0, fvel 5hortage4 a￿d food in5ecwity. These factors continue to imwt njinisty logistics a[￿ cost5. 10. Opportunities Aithoush secularisation ts Malawi remaiA8 open io the G0S￿L Invesrment distributors and children's minisry is cxpected 10 deliversigwficaDt long-temi lyen¢fiL particuiatty with around half th¢ population under 18. I l. CoJ)clusioD De5Plte challenges, Trusttts ttnjain optiJ))islic. They express thep gTatiwd¢ for prayerfijl and practical support received during the ye￿. panicujarly from long-ttrtll supportets. Pagej of 11 SOUTHERN AFRICA LITERATURE TRUST Report of the Trustees (Continued) FINANCLIL REVIEW Financial positio Durin¥ the periiKi the charity r¢port¢d 8 (kficit of £11,898 (£45.753 su￿1￿8 for 2￿241. ￿ the balance Sheet date the ¢iwily bad a SUTplus in fi￿d8 of £84.316 (£96,214 at 2024), of wbicb £{213,872 ), {£1191.544) at 2024), w¢re restricted fiu*ts. Investment policy The Nqcmor8ndum and Articles give the InJste¢s the power to apply fi￿d5 sn such a rnallner as they thillk fit of for the IKn¢fit of any of the ststed ¢haritable obje¢ts or lo invest funds Is perrnitted by the TnLSte Aci 2000. Reserves policy The tn￿leeS have examined the requirement for r￿r￿¢S Kn th¢ light of the main risks facillg the Charity. It is the policy of South¢rn Africa Literarurc Tnjst to Main￿]n fiLn(Ls at a level which allows the Charity ￿ operate in the lixhi of uAforeseencircumslance5. The t[￿leeS belie￿ that the level of reserves ￿the end of ttke financiat accounting peri(Ml are adequate to mecttb"ES policy. PLANS FOR FirruRE PERIODS Our very profitsble workshop in early 2025 identified sevcrnl key at¢a5 for development at Tntst¢e levcl. We will conlinue to broadcn and deepen our Truslee capaciiy. and ￿ develop a clear strategic plan. As part of this, th¢ Trustees have to PtiorAlis¢ cornpletion of th¢ plan1￿ dwnilory ac£ommodation at Saidi to facilitate Bible ￿a¢bill￿ and traitiittg of LitmbJre Distri￿torS and En)maus l NYB leAd¢rs. As we train leaders An tIK5e ￿l￿1$trIeS, wc will continue to revise and ¢xpand the rel¢vant CUTti¢ul& Pa8c4of 11 SOUTHERN AFIUCA LITERATURE TRUST Report of the Trustees (Continued) STRUCTURE. GOVERf4ANCE AND MANAGELKENr Governing doeumettt The charily was iti¢orporated as a ¢ompaThy lirnited by guardntee otk 21° S*tnber 2018 at￿1 gained charitable sutus on 28 January 2019 fro￿ which latter date tILe aclivilics of th¢ charity c4)mmenced. The company was established undei a Memorandum of Association which estsbli5hed the objttis and power5 of the charity and Is govcrncd uttdcr lis Anicles of As5(Kiation. In the even¢ of the Company being wound up. membeL3 requsred to contribute and amount Thrt ex¢e¢ding£lO. The trustees acting ￿ the year end and who served for the accou￿￿￿ period were: Mr. Sieph¢n Ha￿er Mrs. Ag￿t5 Gail HJ Dr. Sardh Elizabeth Bot￿ In¢ Hotall) R¢truitment and %ppoAlltmettt oltrnstees Members of the Boatd are appoitlted by a decision of the DireeÉon. Every Direclor Shall be appoiutcd for an iniiia] term of llp to ttrLree years and by illvitstion only. The pr(ws is as follows, eitherthe Chaimian or one of the directors wiLt ￿ttke known to the other membus ofthe board wbo they propose. Aftercarefid tonsideration and an appropriate chat#¢ier refertn¢e, a unanimo￿5 agreement should be re2ched whcn the fsnal decision is made. In th¢ case of indecision. the matter will be given fiwthcr coThsiderdtiOn Urttil thc next B¢)ard meeting. At each annual general mccting otle-third of the dIrec￿r$ or, if their nu￿[ is noi three or a multiple of three, the numiKr neatest to one-third. must retire from office a￿1 offer rhem-selv¢s for rening Stalldard 102 'The Financial Reporting Standard appli¢ablc in the UK and Republic of kelalld" and the Compaoies Act 20(￿. The fllwi¢ial sr3tem¢nts havc bcell wepared ulldeE the historid cost conventiOIL All in¢offle is recognised in the StatemcDt of Financial Activiiies once the charity has entitlcment to the funds. it is probable that the illcome will be receiv￿ and the ar￿)unt cao be measured reliably. Expettditure Liabilities are re¢ognised as expenditure a5 S(N)n &$ thete is a legal OT coiJstru¢tive obligdtion committing the lo the CXp¢nditu￿, it l5 probable thai a tyan5fer of economic benefits will be iequired in settlernent the amounts and obligatioll can be ]lleasured reliably. Expellditure is accounted for on a cash basis and bas be¢n ¢]assifJed utthr heath.ngs that a8gregate all costs related to the Caiegory. Where costs calltM)t be aitrAbut¢d to particular headings they have been allocated to a¢tivities on a basis collsistent with the ￿￿e of tesourGes. DepreciatiOD Depreciation been provided at a ni¢ of on a ￿dUCing ba￿¢ basi8 oll fixed assets. Taxation The Charity is ￿ell￿pl from ta￿10￿ on charitable xtiviti¢& Realised gaills and losses Thcre have been no reali5ed gaiTJs or losses on Investments durin8 the year. Note 3- TRUSTEES, REMUNERATION AND BENEFrrs No payments have i￿ett made to any olthe Tru5k¢s durillg the accounting puiod to 30 September 2025 or in the previous accounting period. Page of 11 otrrHERN AFRICA LITERATLIRE TRUST Notes to the Financial Statements (continued) Note 4- RESER Restricted Re rves is made up of restriaed in¢om¢ less &isociated expeJ)ditute th]ritJg the accounting period. Defai15 of the Ulake-up of balances on Restricted R¢serve5 &s at tbe Balancc Sheet date is follows:_ BIFTrYd IDcome Expellditiwe FDnd Transfer CIFwd Building F Relief Funds Local Work {209.0811 28.081 (10,544) 15.593 2.778 4.115 (35.859) (3,642) 15J 131 (229,34T) 27217 (11,7421 £(191,544) £22.486 4440141 £(213,872) Page 11 of 11