2023-12-31-accounts

THE AMOS BURSARY FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 Charity Reglstratlon number- 1185117

THE AMOS BURSARY FINANCIAL STATEMENTS FOR THE YEAR ENOED 31, DECEMBER Z023 CONTENTS PAGE PAGE Charity Information Trustees Report 2to14 Independent Examiner'5 Report 15 and 16 Statement of financial ActNities 17 Balance Sheet 18 Statement of cash flow 19 Notes to the Financial Ststements 20to27

THE AMOS BURSARY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 CHARITY INFORMATIOfrJ Legal Status ,' Charitable Incorporated Organisation I CIO ) Charity Reglstration number- 1185117 REGISTEREO OFFICE 45. Tindale Close Sanderstead South Croydon Surrey. CR2 ORT WEBSITE ADDRESS www.amo bu TRUSTEES Colleen Althea Amos Pamela Clarke Richard Butler Sarah Ebanja Hlakanyane Zwambila BANKER5 Natlonal Westminster Bank Pl Shlley Solhull 231-235. Stratford Road. 890 3AJ INDEPENDENT EXAMINER Charles Adomakts Basoah AccouKfANTS Adomako Ba￿ah & Co. Chartered Certified Accountants Registered Auditors 45, Tindale C105e Sanderstead South Croydon Surrey. CR2 ORT Page I

THE AMOS BURSARY Charitable Incorporated Orgonisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 The Trustees present their report together with the Independently examined financial statement5 for the year ended 31, December 2023. The length of the Reporting period is 12 months for the period I january 2023 to 31, December 2023 BASIS OF ACCOUNT5 PREPARATION The financial Statements have beell prepared in accordance with Accounting and Reportin￿ by Charities= Statement of Recommended Practice applicable to Charitiès preparing thèir account5 in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FR5 1021 (Second Edition)" and the charities Act 2011 and UK Generally Accepted Practice as r( applie5 from I, January 2015. The financial statements have been prepared to give a "true and fair" view and have departed from the Charities (Account5 and Reportsl Regulation 20)8 only to the extent required to provide a "true and fair view". This departure has involved following"Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Reputslic of Ireland IFRS 1021 (Second Edition)" rather than the Accounting and Reporting by Charities.. Statement of Recommended Prartice effective from I, April 2005 which has since een withdrawn" The financial statements have been prepared in accordance with the accounting policies set out in Note 2 to these accounts, and in accordance with the governing document of the Charity. GOVERNING DOCUMENT AND OBJEcfivE The Governin8 document for The Amos Bursary is Its constitution. The main object of the charity is the promotion of equality and diversity and the advancement of education lincluding social and career development trainingl for the public benefit of young people of African and Carlbbèan heritage. In such ways as the trustees see fit. In striving to achleve its objectlves, the Trustee5 give careful consideration to the Charity Commi55ion'g general guidance on public benefit The Charity Trustees have paid due regard to guidance i$5ued by the Charity Commission in deciding what activitie5 the Charity should undertake. We confirm that the Charlty is a public benefit entity as defined by FRS 102. The Charity 15 administered by the board of Trustees. The board meets to ensure the proper administration of the Charity and application of its resource5. The day-to-day management of the charity is delegated bv the Trustees to the Chief Executive, Colleen Amos OBE who reports to the Trustees on a regular basis, including at the meetings of Trustees. page 2

THE AMOS BURSARY Charitable Incorpordted Organi5ation Charity registration number 1175118 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 TRUSTEES The Tru5tee5 who served during the period and since the period end were as follows-. sarah Ebanja. Chairperson Pamela Clarke Richard Butler Hlakanyane Zwambi18 Colleen Amos OBE, CEO and Co-founder APPOINTMENT OF TRUSTEES Trustees are appointed for a term of three/four years and are eligible for re-appointment once the term expires. Any person retiring as a Charity Trustee Is eligible for reappointment. A Charity Trustee who has served for th￿e consecutive terms may not be reappointed for a fourth consecutive term but may be reappoinred after an interval of at least one year. Trustees are appointed by resolutions passed by existing Trustees to Co-opt new Trustees. This is carried out in accordance with clause ID of its Constitution. INDucfioN ANDTRAINING OF TRUSTEE BOARD MEfvIBERS On appointment each new Trustee will on or before his or her first appointment be given a copy of the current version of the constltution and a copy of the CIO'S latest TfUStees' Annual Report and flnancial statement. rhe new frustee will also be given the opportunity to meet with the staff of the charity. Thè training needs of each Trustee are a5se55ed on an individual basis and acce55 to training is offered where necessary. STRU￿uRE GOVERNANCE AND MANAGEMENT The Amos Bursary is a Charitable IrKorporated Organi5ation I'the CIO-I. After 10 Years operating as a charity under the stewardship of EKce113 Limlted, the Amos Bursary was registered as an independent UK charity on 30, August 2019 with the Charity Registered Number 1185117. The Charitv 15 administe￿d by the board of Trustees who are all volunteers except the CEO. The board meets to ensure the proper Jdmini5tiation of the Charity and application of its resources. The clay-to-day management of the charity is delegated by the Trustees to the Chief Executive, Colleen Amos OBE, who reports to the Trustees on a regular basis, including at ihe meetings of Trustees. The remuneration of the CEO 15 reviewed every other year through a bench-marking exercise. The Board considers annually whether to award salary increase5 towards the cost of living. Detalled Management accounts are prepared twice a year and summari5ed accounts are submltted to the Board at Trustees meetings. page 3

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRusfEE5' ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 The Amos Bur53ry was established in 2009 to promote equality and diversity anLt the advancement of education linc1uding social and career development trainingl for the public benefit of young people of African and Caribbean heritage. We became a registered charity on the 30th August 2019. Our mission is to promote excellence and shape the future5 of talented young people of African and Caribbean heritage. We achieve this by providing universitie5 and leading employers with a growing pool of underrepresented, underestimated, exceptional and diverse talent. In 2009- 2020 the Amos Bursary scholar programme was dedicated to improving outcomes for young men. In 2021 we expanded the programme to make an even greater impact on more young people. We introduced young women onto the pmgramme and introduced an additlonal programme the Progre55ive online network. Our programme5 give thesE Students, all of whom are chosen for their natural ability and potential, the self- belief, and the soft skills they need to succeed in thelr chosen careers. We work to position them for entry to the universities best 5Uited to help them realise their Potential. Many have suC￿eded In attending top universities, including Oxford, Cambridge, Wanvick, Durham, York, Exeter, Kings College London, UCL and Imperial College London. The charSty aims to.. Support high achieving young people from challenging environments acr055 London and the Midlands, to achieve their full potential Provide the pipeline cjf exceptional tslent to universities and corporations committed tc) dlversity Offer experiences and opportunitiès to Ènsure our students develop global cultural competencies, sklll sets and attitudes. Nomialise success and change the negative per￿ptIOnS surrounding Afrlcan Carlbbean young people in the UK Increase social mobllity for our young people, and empower them to give back to their communities OVERVIEW In the pursuit of academic excellence and professional success for young British individua15 Of Afrlcan and In the face of global challenges. the Amos 8ursary entered 2023 with clear 5tralegic goals aimed at fostering incluslvity, expanding reglonal impact, and embracing diEitsI advancements. This year, marked by economic downturns and shifting curpDrate priorities, proved to be a testament to the resilience and determtnation of the Am05 Bursary. The Amos Bursary set ambitious targets for the next five years. focuslng on the continued Sntegration of young women into the programme, fortifying the West Midlands initiative, broadening international travel opportunities, addressing Caribbean student attsinment, and oplimising the Associates and Progression programmes. page 4

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRU5TEES' ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 While the global landscape posed economic challenge5 and intensified competition, the Amos Bursary remained unwavering in its commitment to preserying its brand and increasing awareness. As the orgènisation expanded. particular emphasis was placed on recruiting and retaining hi8h-quality staff, mentors, and volunteers. recognising their pivotal role in programme success. Recogni5ing the importance of operational efficlency, we have been 5UPPOrted by PWC to strategically integrate Sale5force as our prfmary Management Information System. reinforcing our commitment to data integrity and compliance with GDPR. With expert guidance from McKinsey, we have a150 developed a robust fvnding partnership strategy, positioning us for growth and expanding our program into new regions, including the West Midlands. Both projects have made a Significant contribution to the Amos Bursary helping to achieving our proiert goals. Throughout the year, our three programmes delivered a spectrum of workshops and events across various fields, including finance, law. medicine, and Degree Apprenticeships. The inaugurdl year of operation5 in the West Midlands showcased succe55, Wlth students participating in a hybrid pro8ramme that required periodic visits to London. The summer School initiative provided corporate exposure, and many undergraduates securely paid internships in p￿StigIOuS sector5. 5ettin8 the Stage for a successful transition to the workforce. The Youth Leadership Conference, themed 'Disruption- Steps for Radical Change,, brought together over 300 students for insightful discussion5. As an organisation, we actively celebrated Black History Month, acknowledging the importance of cukural awarene55 and spotlighting the achievements of tommunity leaders. Our community wa5 actnre during this month. with numerous workshop5, events, and reflection5 on incredible storie5 and achlevements. The InternatlDnal EKperience program expanded notably, incorporating Ghana into its offerings. Internship and mentorlng initiatives flourlshed, providing students with a plethora of opportunities. The flagshlp Scholar5 prcgramme continued to empower students, ensufing iheir success at university and in the workforce. The online Progressive Network proved effective in enabling a larger pool of students to access core attivlties vital for career progression. The Cofporate support extended to the Amos Bursary translated into tangible outcomes for stijdents. Over 650 studènts were supported in 2023. some secudng scholarships from partners Live Nation and Clearview. The commitment to actively seek funding underscores the organisation's dedication to enhancing programmes and sustaining growth. page S

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 The Amos Bursary's empha515 on mentorship and internship opportunitie5 ha5 yielded remarkable results, with a record recruitment of 172 mentors and a substantial portion actively contributing to the development of our students. Additionally. our learning and development initiatives included over 80 workshops, covering cwcial aspects such as university selection, personal statement guidance, and interview preparation. The achievements of the Amos Bursary in 2023 were made possible through the collaborative efforts of trustee5, patrons, mentors. corporate partners. 5UPPOrters, and an exceptional team of volunteer5. special thanks are extended to the AB family and friends. whose unwavering commitment propels the mi55ion forward. As the Amos Bursary continues to evolve. the year 2023 stands as a testament to its ability to overcome challenges, adapt to the changing landscape, and per515t in its mission of empowering young minds to achieve their fullest potential. The joumey ahead is marked by optimism, growth, and an unyielding commitment to shaping brighter futu￿$. Amos Bursary Artl¥ltle$ 2023 The Amos Bursary has remained 5teadfa5t in its mi55ion to transform the live5 of talented young people of African and Caribbean descent. Ourjourney throughout 2023 ha5 been marked by significant achievements and impartful initlatives that underscore our commitment to empowering the next generation of leaders. Here, we expand on our key accomplishments.. Amos Bursary student demographics 20(19-2023 1,235 beneficiaries have/are being served 372 AMOS Scholar5 were 5UPPOrted across London and the West Mtdlands 156 studerbts supported through the A550ciate Programme 707 students on the Progressives Network Ipredominantly onllnel Beneficiaries in 2023 179 Scholars 125 Associates 303 Onllne pro8￿SSive network West Midlands 11 scholars and 4 Associate5 were recruited in the 2023 *n3u8ural year in the West Midlands page 6

THE AMOS BURSARY Charitable Incorporated Ooanisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENOED 31, DECEMBER 2023 Universlties 148 Amos scholars are currently at University 18 Oxbridge Universities112%1 94 other Ru55ell group Universities159%1 20 other major universities125%1 5 Post 1992 Universities13%1 9 gap year 9 higher apprenticeships I veterinary college I International University IUSA- Stamford I Alumnl The Bursary also has 143 Alumni las Dec 20231 across a range of career sertors, and professions including Finan￿/consultin￿AcCo￿ntlng Post graduate edLJcation Medialmarketlngladvert15in￿1oUrnalIsm Technology Medicine /Healthcare Others 38% 13% io% 15% 5% 19% Graduates 2023 Graduatrs First cla55 honours Doctor 24 class honours 19 Employment Currently in employment Post Graduate courses Gap ¥Èar 18 Tailored Programmes and Actlvltles Introdurtion In 2023, the Amos Bursary made significant headway by successfully delivering a comprehensNe Yange of programmes and act¢vities, all with the aim of bolstering the abilities of our students. Each initiative was carefully tailored to meet the varied needs of our scholars, equipping them with the essential skllls and knowledge to excel in their academic and professional endeavours. page 7

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 By leveraging the expertise of industry professionals and educational experts, we were able to deliver hEh- quality training that covered a broad range of interyentions including'Dine like a Diplomat,, 'Oxbridge Preparation,, 'Readine55 for the World of Work,, 'Commercial Awarene55', 'Personal Wellbèing., among others. The expansion of our International Experience programme tts Ghana and the flourishlng internship initiatives exemplify our commitment to providing students with enriching experiences beyond borders. We also facilitated internships, wowk placements and hosted our inaugural Wellbeing conference. These intervention5 were designed io ensure our students are fully prepared to adeptly navigate the complexities of toda￿5 world. Our commitment to their growth and development remain5 at the heart of our mission. Personal Developmènt Workshops: Bulldlng Character and Leadershlp Recognising the importance of holistic development, we held numerous personal development workshops throughout the year. These workshops We￿ pivotal in fosterin8 character buildin& resilience. and leadership among our scholars. By focusing on key areas such as emotional intelligence. ethical deci5ion-makin& and effective communication, we empowered our students to dèvèlop the 5Dft skills e55ential for personal and professional success. The workshops also provided a platfomi for our scholars to engagè with mentors and peers, facllitatlng a sUPPOrtive communlty thai nurtures growth and development. Launch and Empanslon of CONNECT: The Onllne Platforni for the Amos Communlty In a signlflcant leap towards digital transfomiation, we developed and launched CONNECt, an innovative online platform designed to serve the Amos Community. CONNECT has become a central hub for our scholars. offering a space for networking. This pilot project concludes in December 2024, when we will asse55 the effertNeness and efficiency of the platform. Mentoring Programme: Expandlng Reach and Impact In 2023, we made 5igniticant strides in our mentoring programmè. We Successfully recruSted over 150 new mentors, Èxtending our ￿ach to a wider group of student on thè Associate programme. This expansion has allowed us to provide more personallsed guidance and sUPPOrt, further enhanclng the impact of our mentDdng efforts. Outreath Programmes: Attractlng More Students of Carfbbean herftage Buildin& on our outreach programme, we have made eonterted effort5 to attract more students of Caribbean deS￿nt. Our tsrgeted campaign5 and Strategic partnerships with schools, community organi5ation5, and cultural institutiOf15 have significantly broadened our reach. These efforts have resulted in a new pipeline of applicants from Caribbean backgrounds, enrichÉng the diversity and cultural tapestry of the Amos Bursary and ultimately the wider soctety. Ourvoices programme contlnues to develop the skills of our students as public speakers. page 8

THE AMOS BURSARY Charltable Incorporated Organisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 CollaI￿ratiOn with our corporate partners Our progress in operational excellence and student advancement ha5 been significantly strengthened by the 511PPOrt of our corporate 5pon50rs. Their contributian5, extending beyond financial aid, have been trucial in shaping our students, futures through mentorship, iriternships, and strategic partnerships. A key achievement this year was the Successful integration of Salesforce, enhancing our operational efficiency and reinforcing our COTnmitment to data integrity and GDPR compliance. Wlth expèrt guidance, we have also developed a robust funding partnership strategy. Targeted initiatives have been launched to 5UPPOrt young women, addressing speclfic needs and fostering development. Corporate backing ha5 greatly enriched our student develc)pment initiatives, creating an environment where growth and leaming flourish. Partnership5 focused on diversity and incluslon have pl3yed a vital role in expanding scholarships and opening doors to prestigious sectors. It is through our collective efforts wit sponsors, trustÈÈs, patrons, mentors, supporrers. and volunteers, that we continue to empower the young minds we serve and shape a brighter future tO8ether. Flnancial Support: Bolsterlng Capaclty and Competency The financial sUPPOrt we have received has been instrumental in building the capacity and competency of the Amos Bursary. These funds have enabled u5 to enhance our 5ervlce delivery, expand our programmes, and invest in critical rnfrastnjcture. By providing scholarships. grants, and emergency funds, we have alleviated the financial burden5 faced by our scholars, allowin8 them to focus on their Studies and personal development. The increased financial backing has also facilitated the professional growth of our staff, ensuring that WÈ remaln equipped to support the evolving needs of our students. Sustalnabilltv The Amos 8ursar¢s sustainability plan contributes towards our lon8-term impact and vièbilty. allowin8 US to continue empowering young people of African and Caribbean heritage. The plan focuses on diversifying funding sources, scaling and expanding its reach, building a strong alumni network, fostering strategit partnerships, and continuously improving our operations through dats4riven declslon-maklng. We are dedicated to Integrating environmental 5UStainability into all asperts of our operations. By reducing waste, using sustainable materials, and promoting ethical sourcin& we are committed to protecting the envlronment whFle supporting the educational and professional development of young people. We will continue to innovate and implement sustainable practice5, ensuring that our commitment to the environment grows alongslde our mlssion. pa8e 9

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRU￿EE5. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 By Integrating 5UStainable practices into our operation5, we contribute to a healthier planet and set an example for our students and the wider community. Future As the Amos Bursary evofves, the journey ahead is marked by optimism, growth, and an unyielding commitment to shaping brighter futures. We will local delivery of e Amos 8ur5ary programme in the West Mldland5 We will review the triple track programme, to ensure we are supportSng rn0￿ students through the Progressive Network online programme. We will ensure that we are efficiently and effectlvely servlcing our stakeholders We will look to encourage British Caribbean student5 to join the programme We will look to provide sUPPOrt to African Caribbean University students via the African Caribbean Associations. We will review our service provision for the young WDmen on the programme FINANCIAL REVIEW This is the Amo$ Bursary Annual Report and Financial Statements from l January 2023 to 31 December 2023 The Trustees report that during this period Incoming resources amounted to £650,594 (compared to £1,097.095 the previous yearl and the resource5 Used amounted to £596,56212022-£535,3231. This resulted in a contribution to reserves of £54,03212022- £561,7721 The total funds carried forward at 31 December 2023. amounted to £2,563.184 (compared to £2,509,152 at the start of the yearl, and of which £323.055 I2022- £491,514) 15 restricted and £2,240,12912022- £2,017,638) unrestricted. The Amos Bursary is a fwe-year programme for each student, and funcls are sècured upfrorit to ensure that each student can benefit from the programme for the full term. The Trnstees are satisfied with the level of reserves to meet this requirement. The Trustees are confident that the charity will be able to continue its operation5 beyond the next 12 months 8iven a healthy level of free reserves and several Income pipelines for future year5. The forecasts preparetl for the Trustees provide confidence that the financial statements should be prepared Dn a going concem basis. The Amos Bursarfs prinapal risk5 and uncertainties are: Strategic govèmance including mi55ion and vision creep,. socio-econornic, political. and other environmental factors. Financial resources includlng sources of fvnding,. spend profile; under-lying business- model pa8e 10

THE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 The Amos Bursarfs prtncipal rlsks and uncertalntle5 are: Operational including organisation structure and people. projectsi performance. and impa Regulatory and Compliance including Equalities, Diversity. and Inclusion, GDPR, Health and safety,. and 5afeguarding,' Charity policies, procedures, and internal controls Brand reputstion and Quality standards The Amos Bursary adopts a dynamic approach to risk management. Strategic Risks a￿ owned and reviewed by the Board and managed by the chief executive through the management team. The Chief Executive owns and manages the operational Ri5k5. Project risks are owned and managed by the relevant Projert lead. Risks are rated initially according to their level of a55essed inherent Risk determined by Potential impact (ranging from insignificant to catsstrophicl multiplied by the Likelihood of the Risk Arising (ranging from remote to highly probablel. The residual Risk Is determined post mitigation measures with the aim of reducing exposts￿ to a tolerable level. The trustees continue to monitor and revlew the risk a55essment process on an ongoing basis. In the opinion of the Trustees therè are adequate internal controls in place to cover any significant risks to the Amos Bursary. RESERVES POUCY AND GOING CONCERN The reserves policy is to ensure that the￿ 15 sufficient unrestricted funding to fvlfil the Am05 Bursary programme for our participa￿ts who are not covered through our restricted funds. The Board is duly confident that the Amos Bursary 15 a golng concern. The level of resources enables the Amos Bursary to fulfil Its future obligations to the students on its trKJoks at 31st Oecember 2023, a5 well as to prepare for new intakes and the development of sustainable programrnes. The Amos 8ursary programmes are high impact, long tenn programmes. The Amos Bursary students, expectations are based on programme support spanning 5 years Iminimuml from the date of their pinlng the programme. The Reserve policy is to maintain at least 12 months, operational and programme expenditu￿. The CUr￿nt reseThes are more than the minimum required level. and the Trustees intend to take appropriate opportunltles and measures to align better the actual reseNes in line wlth the policy level. GRANT MAKING POUCY The role of Amos Bursary staff is the administration of programmes. Grant awardees are Issued with agreements and progress is monito￿d and recorded utilising a srant management system. page 11

THE AMOS BURSARY Charitable Iniorporated Organisation Charity ￿gIStration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 REMUNERATION POUCY Salaries are rèviewed following a market benching exercise. The remuneration of the CEO is Set by the Tru5tee5. They consider the skills, experience and competencies required for the role, and the remuneiation level for the Tole in sectors Whe￿ suitable candidates would be found. STAFF RECRUITMENT The recommended People Policy will include The Amos Bursary remuneration package that ha5 been determined after comparison within our sector and appropriate peer group. In so doing, we will Consider whether we want The Amos Bursary Remuneration to be in upper quartile, mid-quartile. Dr lower quartile relative to other5. We will consider whai constitutes -remuneration" for comparative purpose5 i.e., FTE Salary- basis of increment5 lif anyl- Training & Develc*pment (Leav2 Entitlement- Annual, Sicl Special lif anyl.. Notice Period- Employer Pension Contribution,. 8orrus entitlefnent. Any other Ts & Cs. The Amos Bijrsary People Policy will by its nature reflect The Amos Bursary commitment to equalities, fairness. and opportunity. The Amos Bursary is a small organisation, and the People Policy reflects this. It is simple, concise, effective, and adept. STUDENT WELLBEING The impact of COVID-19 on young people in London and the West Midlands has been multifaceted. The Amos Bursary is witnessing the long-ierm effects and is also experfencing challenges in mental health support for some Students. We have put in place mechani5m5 to addre55 thi5 need. More students are acce55ing the Amos Bursary Pastoral care support Services. Measures have been put in place to promote a greater sense Df belonging and sessiDns on wellbeing are belng held. FUNDRAISING STATEMENT Section 162a of the Charitle5 Act 2011 require5 charities to make a statement re8arding fundraising activities. The legi51alion defines fundraising as 'solicitinE or otherwise procurin8 money or other property for charitable purposes". SLJch amounts receivable are presented in the Am05 Bursary's account as 'voluntary income. and inclu(le legacles and grants. The day-to-day management of all income generation 15 delegated to the CEO. The charlty adhe￿5 to the Institute of Fundraising code of Fundraising Prartice, whTch outlines standards expected of all fundraising charitable or8anisations in the UK. The Arnos 8ursary ha5 received no complaints in ￿latiOn to fundraising activities. tts terms of employment require stsff to always behave reasonablv. page 12

ThE AMOS BURSARY Charitable Incorporated Organisation Charity registration number 1175118 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEM8ER 2023 During the 12-month period no fundraising events were held. The next fundraising event will take place in lune 2024 CHARITY GOVERNANCE CODE The trusteés have undertaken a review of current Amos Bursary prartice, mapped against the recommended practice of the Charity Governance Code. The majority of the Amos Bursary prartices CDrre5pond with the recommended prartices set out in the Code. A further governance review will be conducted in 2024, which will consider any further alignment needed to adopt recommended practices of the Code. CODE OF CONDUCT A code of conduct is in place to cover the conduct and ethical behaviourexpected of the Am05 Bvrsary staff, students and volunteer5. Behaviours are expected to uphold and enhance the reputation of the Amos Rursary. Anyone working on behalf of the Amos Bursary must act in accordance with the Amos Bursary policies on condurt and behaviour covering items such as conflitts of interest, equality. diversFty, and inclusion, bullying and harassment. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for prepafing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Acceptable Accounting Practice). The law applicable to chartties in England & Wales ￿qUireS the Trustees to prepare financial Statements for each linancial year which give 3 "true and fair view- of the situation of the charity and of the incoming resources and application of resources of the chartiy for that year. In preparing these financlal statements the Trustees are ￿qUIred to- 5elett suitable accounting policies and then apply them COn￿StentIY observe the methods and princlples in the Charities SORP make judgements and estimates 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,. and prepare the financial statements on the Èoin8 concern ba515 unless it is inappropriate to presume that the charfty will continue to operate. page 13

THE AM05 BURSARY Charitable Incorporated O￿anIsatiOn Charity registration number 1175118 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023 The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracv at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act of 2011. the appropfiate Chartty IAccounts and Report51 Regulations 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 prevention and detection of fraud and other irregularities This Report was approved by the Trustee5 on 30 October 2024 and signed on their behalf by.. SARAH EBANJA COLLEEN. A. AMOS Chairof Trustees Trustee ihd CEO page 14

INDEPENDENT EXAMINER'5 REPORT TO THE TRu￿EE$ OF THE AMOS BURSARY REPORT ON THE FINANCIAL STATEMENTS I report to the trustees on my examination of the financial statements of The Am05 Bursary I the charity I for the year ended 31, December 2023 which cumprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. This report is made solely to the charity'5 trustees. as a body, in accordance with Section 145 of the Charitie5 Act 2011. My work has been undertaken so that I might State to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitvs trustees as a body, for my work, for this report. or for the opinions I have formed. Responsibilities and basis of report As the truslees of the charity you are responsible for the preparatlon of the financial statements In accordance with the requirements of the Charities Act 20111 "the Act l. I report in respect of my examination of the charity's financial statements carried out under sertion 145 of the Act and in carying out my examination I have followed all the applicable Direction5 given by the Charity Commi55ion under settion 14515llbl of the Act. A5 permitted by Directive 2. issued by the Charity Comrni55ion, the firm for which I work has provided the charity With bookkeeping seNices during the year ended 31, December 2023. As consequence. I have followed the requirement of the FRC's Ethical Standard when undertaking this assignment. An independent examinatlon doe5 not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor con5ider5 giving their opinion on thè financial statements. The planning and conduct of an audit goes beyond the 1Smited assurance that an independent examination can provide. Consequently l expre55 no opinion as to whether the financlal Statements present a 'true and fair view and my report is Ilmited to those specific matter5 Set out in the independent examinerfs statement. Independent Examlner's StatemenL Siace your charltable incorporated organisation'5 income exceeded £250,000, your examiner must be a member of a body listed in settiorb 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA which is gne of the listed bodies. I have completed my examination. I conflrm that no material matters have come to my attentlon in connection wlth the examination gNing me cause to believe that in any materlal respett-.

Accounting records were not kept in respect of the charity as required by section 130 of the Act -. or the financial statements do not accord with those records; or the financlal statements do not comply with the appllcable requirements conceming the form and content of accounts set out in the Charlties l Accounts and Reports I Regulations 2008 other than any requlrement that the accounts 8ive a "true and fair. view which is not a matter con5ideretl a5 part of an independent examination. page 15

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OFTHE AMOS BURSARY ( continued I I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Char FCCA Chartered Certified Accountant Registered Auditor ADOMAKO BASOAH & CO 45, Tindale Close Sanderstead South Croydon Surrey. CR2 ORT 7Dllk page 16

THE AMQS BURSARY srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Note UnrestrictE Restricted Total Total 2022 INCOMING RESOURCES Charltable Actlvities 530,398 109,WO 639,398 933,792 Fund Ralsing 161,319 Investment income 21,196 541,594 109,000 650.594 1097 09S RESOURCES EXPENDED Expenditure on Raising Funds Expendlture on Charitable Actlvities Others TOTAL RESOURCES USED 92,851 399,019 4.2.3 272,256 254,384 526,640 319,103 277459 596,562 535 323 Net income before investment gain5 in the year 222.491 1168,4591 54,032 561,772 INVESTMENT GAINS IN THE YEAR NET INCOME FOR THE YEAR 222,491 (168,459) 54,032 561,772 BALANCE BROUGHT FOR WARD BALANCE CARRIED FORWARD 1240,129 323,055 2￿63.184 152 There are no further recognised 8ains/ (losses) other than the 5urplus/ldeficitl for the above financial years. The notes on pages 20 to 27 form an Integral part of these financial statements. page 17

THE AMOS BURSARY 8ALANCE SHEET AS AT 31 DECEM6ER 2023 Note Total 2022 Unrestricied Restricted Total CURRENT ASSETS Debtors Bank and cash balar 37,607 2 214648 37.607 323,055 2.537,703 7.387 2.522,212 Total Current Assets 2,252.2S5 323,055 2.575,310 2.529,599 CREDITORS: Amounts falllng due within ong yoar TOTAL NET CURRENT ASSETS 2240 129 323 055 2 56J 184 2509152 TOTAL ASSETS LESS CURRENT LIA81LITIES 2240 129 323 055 2 563 184 2 509152 FUNDS Restricted Funds Unre51ricted Fund5 323,055 323,055 2240 129 491,514 2 240 129 224072 323 055 2 563 f84 25091S2 The notes on page5 20 to 27 form an integral part of these financial statements. These financial Statements were approved by the Trustees and authorised for issue on 20th October 2024and are signed on behalf of the Trustees bv . Colleen Althea kn05 Trustee and CEO Sarah Ebanja Chair of Trustees page 18

THE AMOS BURSARY CASH FLOW5TATEMENT FOR THE YEAR ENDED 31, DECEM8ER 2023 RECONCILIATION OF OPERTAING INCOME TO NET CASH FLOW FROM OPERAMNG AcfiviTIES. 2023 2022 Net Income for the year 54,032 561,772 Returns on Investments Net Operating Intome 42,836 559,788 Increase in Debtor5 -30,220 -385 Dècrease in Creditors 10667 Nei cash flow from operating Activitles 570 070 CASH FLOW STATEMENT Net cash flow from operating Activities 4,295 570,070 Return un Investments INCREASE IN CASH IN THE YEAR 572 054 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS Increase in Cash in the year 15,491 572.054 Net Cash balan￿ brought forward 1950 158 2 537 703 page 19

THE AMOS BURSARY NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 I. BASIS OF ACCOUNTING 1.1 The financial statements have been prepared in accordance with'Accountin8 and Reporting by Charitles: Stgtement of Recommended Prartice applicable to Charities p￿Paring their acc¢Junts in accDrdance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland l FRS 1021 I Second Edition I. and the charities Act 2011 and UK Generally Accepted Practice as it applie5 from I, January 2015. The financial Statements have been prepared to give a "true and fair" view and have departed from the Charities l Accounts and Reports l Regulation 2008 only to the extent require¢J to provide a "tnje and tsir view". This departure has involved following Accounting and Reporting by Charities - Statement of Recommended Practice applicable to charfties preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (Second Edition I" rather than the Accounting and Reporting by Charities- Statement of Recommended Practice effective from I, April 2￿5 which has since been withdrawn" The financial statements have been prepared in accordan￿ with the accountlng polides set out in Note 2 to these accounts, and in accordance wlth the goveming document of the Charfty. 1.2 Thè Charity constitutes a public benefit entity as defined by FRS 102 1.3 No changes to accounting estimate5 have Occurred in the reporting year. 2. ACCOUNTING POLICIES. INCOMING RESOURCES 2.1 Recognition of Income Income are recognise(J and included in the Statement of Financial Activities I SOFA I when: The Charty becomes entrtled to the resources,. It is rn0￿ likely than not that the trustees will receive the resource. and The monetary value can be measured with sufficient reliability. 2.2 Offsetting The￿ has been no offsetting of assets and liabiltties, or income and expenses, unless ￿quired or permitted by the FRS 102 SORP or FRS 102 2.3 Grants and Donations Grants and Donations are only included in the SOFA when the general income recognition criteria as statetl above are met. 2.4 Legacies Legades are included in the SOFA when ￿CeIpt is probable, that 15, when there has been grant of probate, the Executor5 have established that there are sufficient asset5 In the estate and any conditions attached to the legacy are either within the control of the charity or have been met. 2.5 Tax Reclalm on Donations and Gifts Gift Aid receivable is included in income when there 15 a valid declaratSon from the donor. An¥ Gift Aid amount reco¥ered on a donation is considered to page 20

THE AMOS BURSARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 202a {Contlnued) be part of that gift and is treated as an addition to the same fund a5 the initial donation unless the donor or the terms of the appeal have 5￿cified therwi5e. 2.6 Donated Goods Donated goods are measured at fair value,( the amount for which the asset could be exchanged l unless impractical to do so. Goods donated for on%oing use by the Charity are fecogni5ed as tsngible ftxed a55ets and included in the SOFA as incoming resources when receivable. Gifts in kind for use by the Charity are included in the SOFA as income from donations when receivable 2.7 Donated Ser¥lces and Facilities D¢Jnatèd service5 and facilitie5 are included in the SOFA when received at the value of the glft tD the charity provided the value of the gift can be measured reliably. 2.8 Volunteer Help The value of any voluntary help received is not included In the accounts. 2.9 Settlement of Insurance Claims Insurance claims are only included in the SOFA when the general Income cognitlon criteria a￿ mei and are included d5 an item of other income in the SOFA. 2.10 Income from Interest, Ruyaltie5 and Dividends This 15 included in the accounts when receipt15 probable and the amount receivable can be measured reliablv. 2.11 Investment gain5 and losse5 This includes any realised or unrealised gains or1055es on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the financial year. APPUCATION OF RESOURCE& 2.12 Liabilty Recognition Liabilities are Tecogni5ed where it is more likely than not that there is a legal or constructive obligation committing the Charlty io pay out resource5 and the amount of the obligation can be measured with reasonable certalnty. 2.13 Grants. Grants and donations are accounted for when paid. Z.14 Costs diredly relatrd to the work of the charfty. Costs directly related to the work of the Charity are accounted for when due. page 21

THE AMOS BURSARY NOTES TO THE FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023 Icorttinuedl OTHER ACCOUNTING POLICIES 2.15 Funds un￿strICted funds represent funds which are expendable at the dlscretion of the Charitv in the furtherance of its objects and which have not been desi8nated for other purposes. Restricted fund5 can only be used for specified purpose5. The purpose of any restricted fund is noted in the financial statements. 2.16 Goin8 Concern At the time of approving the financial statèments, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees have therefore continued to adopt the golng concern basis in preparing the Charity's financial statements. 2.17 Employment Benefits The cost of any unused holiday entitlement is recognised in the year in which the employee's services are received. 2.18 Taxation In the opinion of the trustee5, the Charity is exempt from the United Kingdom Taxation on it5 intoming resourtss for the year. 2.19 Accounting estimates and judgernents In the application of thè Charity's accounting policies. the trustees are reqUI￿d to make judgements, èstimates. and assumptions about carrying amount of assets and liabilities that a￿ not readily apparent from other re50urce5. The estimates and associated assumptions a￿ based on historic èxperience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying as5umption5 are reviewed on an ongoing ba5l5. Revisions to accounting estimates a￿ recogni5ed in the periDd in which the estimate is revised where the revision affects only that period. or in the perlod of the revision and futu periods where the revision affects both current and future periods. 2.20 Apportionment Of Costs Between Artivities Governance and Other Costs are apportloned between Activitie51 Charitable and Expenditure to raise funds l on the basi5 of each artivity's income in the year in relation to each other. This policy excludes any exceptional and non-recurring Items. 2.21 Financlal Instruments The Charlty only has flnancial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactlon value and subsequently measured at their settlement value. page 22

THE AMOS BURSARY NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 I continued I 3 INCOMING RESOURCES 3.1 CharitablÈ Activitles In¢ome Unrestricted Restricted TOTAL Funds Funds 2023 unrestrictet5 Fund Donab"ons and Sponsorships 109 000 6393 843 792 32 Fund Ralslng &3 Invostmont Income Bank Intsrest 161319 11.196 11,196 4 RESOURCES EXPENDED 4.1 EXPENDITURE ON RAISING FUNDS 4.1.1 DIRECT SPENDING Salaries Ernployer National Insurance Contribution E￿￿0Yer Pension Contributions Events Othors 23,211 1,905 1.409 38.¢J60 518 4.1.2 Governan￿ Costs Audit F*s Indèpendenl Examination f99$ Accountancy Fees Consultancy Foes 618 840 16977 4.1.3 othgr Cosls Telephone Post. Print and Stationery Markeknng Events Insuranc& Travelling Expense5 Training Sundry expenses 152 361 2665 103 2674 17 4.14 SUMMARY OF EXPENDITURE ON RAISING FUNDS Direct SpendiThJ Support for raislng funds Governance Other5 65103 16977 107 P8ge 23

THE AMOS BURSARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023 I continued I un￿StrICted Reslrtt8d TOTAL Funds Funds Fund 2023 unrestricted Fund 4.2 EXPENDITURE ON CHARITABLE ACTlVtriES 4.2.1 DIRECT SPENDING Student Bursary and Training Wages and S8lari8S Employer NalM)nal Insurance Employer Pension Contributions 36,167 97.357 8,567 62,800 67,913 4.220 272 98.967 165.270 12.787 28600 85623 8620 6373 148735 138205 286 940 129216 4.2.2.1 SUPPORT FOR CHARITABLE ACTIVITIES Govomanc• costs Auditors Fees Indep8ndenl ExamInat￿n fves Accountancy Fees Consultancy Fees Bank Charg8S 4.2.2.2 2,814 3.891 94,276 259 1,386 1,917 75,297 127 4,2(M) 5,808 169,573 50815 78727 179961 57409 4.2.2.3 oth•rs Computer Support Telephone P05t. Print and Stationery Marketir Events Insurance Others 301 793 5,535 9.953 2,214 815 149 391 2,726 4,902 27,567 402 315 37452 450 1,184 8,261 14,855 29,781 1.217 2085 689 1633 12059 31697 4882T 4.2.3 SUMMARY OF EXPENDITURE ON CHARITABLE AcTIV￿lEs Direct SperKJir¥J 148.735 138.205 286.940 Support for charitable artivftles Govemance Others 129.216 101,240 78.727 1 37452 179.967 59 733 57,409 48.627 235 252 4.3 OTHERS Travelling Expenses Training Commi$55on and Fees Sundry expenses 40,679 482 769 20,036 238 379 80.715 720 1.148 18.095 12,098 1,917 075 page 24

THE AMOS BURSARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 (Continued) DEBTORS 2022 unrestricted unrestricted Sundry Debtors Basic financial asset5, including other debtot5 and prepayments are initially recognised at transaction price. unless the arrangement constitutes a financing transartion, where the transattion is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised c05t Using the effective Inte￿St method, less any irrspairment. BANK AND CASH 8ALAP4CES Restricted 2022 Totsl Unrestricted Total Natwest Accounts 537 703 Cash and cash equivalent includes cash in hand, deposits held at call Vdith banks, other short- term liquid investments with original maturities of th￿e months or less, and bank overdrafts. Bank overdrnfts a￿ shown within iM)rrowing5 in current liabilities. 2 522 212 CREDITORS: Amount5 falling due wtthin one yèar 2022 Unrestritted Unre5trirted Sundry Credftor5 Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties are instially recogn15ed at transaction price, unless the arrangement constrtutes a financing transartion, where the debt instrument 15 measured at the present value of the futu￿ payments discounted at a market rate of interest. Such instruments are 5ubsequentty carried at amortised c05t usin8 the effective interest method, les5 any impaiment. FUNDS RESTRicfED FUNDS Balan￿ Brought Forward Intoming Resources Resources Expended Balar￿ Carried Forward. 2,022 574,842 yo,￿0 -173 328 491,514 109,000 -277 459 491514 UNRESTRicfED FUNDS Balance Brought Forward Inwming Resources ReSoUr￿S Expended Balance Carried Forwar(I Unrestrlcted funds represent funds whlch are expendable at the dISc￿tion of furtherance of its ubjects and which have not been desigftated for other 2,017,638 541,594 -319 103 1,372.538 1,007,09S -361995 2 017 638 page 25

THE AMOS BURSARY NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023 Icontlnuedl DETAILED RESTRICTED FUNDS 8alance Receipts Expend@d B/fwd In the in the Totsl carried forward 2023 Total carried forward 2022 vear year The"Girls' Pfoject 474.914 Under Graduate Work 6,000 AB Conference Public Speaking Leadership Project -163,459 44.0(X) 49,OQ IS,000 -1S,CK)O 10,600 30,0(M) -30,000 20 LX)0 -20 000 311,455 1,000 474.914 6,000 10,6 10,600 491514 109000 -277459 323055 io DETAILS OF CERTAIN ITEMS OF EXPENDITIJRE un￿$t￿tted Restricted Total 2023 Total 2022 Audit Fees Independent Examination Accountancy charge5 4,2(X) 2.814 1.386 4.200 808 li PAID EMPLOYEES Unrestricted Restricted Total 2023 Total 2022 11.1 Salaries and Wages Employers Pension ContrSbution Employers National Insurance 97,357 6,644 67,913 3,272 165.270 9.916 157,856 9.580 112 187 973 180 393 Averdge number of employee5 11.3 Number of employees receiving total benefits (excluding employer pension costs) for the year £60,c￿ to £69,999 12 POST BALANCE 5HEEf EVENTS There are no post balance sheet events requlrlng dlsclosure. page 26

THE AMOS BURSARY NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023 (Continued) 13 RELATED PARTY TRANSACTIONS TRUSTEES REMUNERATIONS AND BEIIEFITS i?.1 NAME LEGAL Remuneration AUTHORITY Penslon Redundancy Others TOTAL Colleen Althea Am05 Governing document £64,140 £3,848 NIL MIL NIL £67,988 13.2 2023 2022 Average Number of Trustees recelving Salary and Remuneration 13.3 TRANSAcfioN WITH RELATED PARTIES NAME RELATION SHIPTO THE CHARITY DESCRIPTIO NOF TRANSACTI ON AMOUNT BALANCE ATYEAR ENO Colleen Althea Amos Trustee Salary £64.140 NIL 13.4 There were no fvrture related party tra[￿ctionS during the year. 14. RESERVE POLICY A balance is retained in the general fund to meet unanticipatsd expenditure and programmed work that can not be funded from a single year's budget. The Trustees endeavour to maintain sufficient Re5eNe5 tD ensure that the Charity is on a 'going concem" basis at all times. The Charity's General Fund (Unrestricted fund) balan￿ at the end of the year was £2.240,129 Our reserves pollcy is to ensure 8vailable sufficlent resources to enable the charity to provide its servSces and programmes over the longer term. The Board is aware that demand for its servic&s may vary from year to yeor. and is mindful of the need to provide a secure and consistent approach over the lon8er temi. 15 Volunteer Contribution The Charity is heavily reliant on volunteers who contribute their skills, time, and their resources in the furtherance of the work of the charity. Principally, this contribution is by serving on committees of the Charity that deal with finance, poliry grants, trainin& developments. etc. rhe contribution of volunteers is not inclutled within the income of the Charity. The trustee5 are grateful to all of them for their help and Commitment. page 27