Charity re8i5tratb)n number.. 1190936 The UK Friends Of Sumbandila Scholarship Trust ffinual Financial Statements for Year Erwjed 31 January2025 The UK Friends Of Sumbandila Stholarshlp Trust Contents Referenre and Administrati¥e Oetsls Twstees. Report 24 Independent Exarrynerf5 RepDrt siatement of f￿ana81 a¢tNitses Balance Sheet Note5 to the financial 5tstements 8-13 The UK Frlends Of Sumbandila Scholarship Trust Reference and Administralive Detsils Charitynamr Tr* UK Fr￿d$ Of&Jrnband￿a SthDlaT5hkJ Trust Charityreii5tration Th￿nber 1190936 Reglstered oifKe 11 Buckingham Sir London WC2N 6DF TNstee5 L￿h Brisi Anioinette Vartderpu4e tlougL15 A￿h￿d Hoernle Emma Vemeui Andwew Owid Walford (Resigned on 5th ollune 20141 Shanne Boyd IRe5wied on 3"ofMay 20241 kndEpendent tyamkner B￿rner Bvllotk Owrtered kcourbl3nt5 114 St Martln'5 LJ Coveni Garden London WC2N 4BE nkers earclays Bank Pk I Churchill Ilace London E14 SHP Pagell The UK Friends Of Sumbandila Scholarship Trust Trustee5' Rep(vt The Trustees pre5erit their report ènd fThnclal statements for the year ended 31 Januay 2025. The financial siatrments have been prepared in accNdance with the accounting politie5 set out in note l of the finanoal statement5 complywith the Charit*s Att 2011. the Memwanthm and Artirle5 0fA5SOCWt￿D, and Accountingand Rewrting by Chanli25= 5totement of RecornmEnded PractKe applicable to the FinaTrcial Reporting Starwjard aPF4Kable in the UK and Repubk ol I￿land IFRS 1021 leffertive l January 20191- (Charities SORP IFR510211. thè Financial Reporting Standard applicablein the UK and Republx of Irdand IFRS 1021. 5truclurèi govern￿(e. and rnanwent Conslltytlon Th•Twsi••s shall IM)Id theTrust Fur￿ and its inwrnt on Trust to appP*T Ihern in yxh proportions and in such manner in all respetts as ihe Trustees shall from Dme to lime thuth fil loi suth tharirable purposts as theTrusttès In their ab$D￿te discret•Jn fromtimE to time think fit and, In parEKular Ivjiihout prejudice to the generality of the foregoing). the advancemeni ol educaiion and the pre¥entTron or rel￿ of p￿￿tyIn iespert ol ¢hiklrtn and youn¥ people in Southern Afvica. TheCharltyls8o¥emed byadeed ofsettlementdated 08Au8urt2020andisareBistered tharity, number I1￿36. Trustee5 The Tru5tee5. who Served th￿Q￿houtihevtar are". Leigh Bri5tiyw Oouglas Richard Hoernle Antoinettè Vanderpuiiè Emma Verneiti Andrew David Walford I￿8Thed as a Trustee on S Ofj￿￿ 2024 shan￿ resigrsed as a Tru51ee on 03 May 2024 Method of •ppolntsnentw•ltttion of Truste The man4ement ofthe charityistherespons*Jlity oftheTrusteeswho4fe elerted and cowed undèr theterms oftheTNst deed.Th*Trusto•s will ikntifyih•n•edto(*thinanyaddilKinal tra￿1￿¥ and5￿ professiDnal ad¥icE where necessary. R15k manaym•nt The Trusiees have assessed the major risks io wh*h the tharity s exposed. in porticular ￿lated to the operation5 and finances ol the charity and are S￿lSfied that SV5tems and procedures are in place to mitigate our e¥posure to tht maior risks. Policle5 and Ob￿ctIveS In line w¥th the xtNitie5 of ihe SurnbandiL3 Schdar5hip Tru5L the Charity's ￿ster charity. it 15 expetted that the Ch¥lty wlll make donations in the field Oled￿at*￿ for the underwivi*ed. Pagel 2 The UK Friends Of Sumbandila Scholarship Trust The Trustees have wlde powern ol •ivestment and ait empowered to apply the income of the Trurt lor such tharirable puiposes or io 5uth Charl￿ble in5tiiulions as they shall. attheir dixrf￿n. deem eliglble. A(tiville5 of achle¥lng objec In planning the Ch¥ilV'S auivitses. the Tnjstees have 8Nen carefvl c￿$￿￿•t￿n tL) the Charlty ComnMsy￿,S 8uidanceon pubh"c benefrt andwn5iderihatal dOnal￿pay￿￿￿ts lallwithiTrsu¢hscope. Gralt makww pollcies All ir*orne will be used to 5UPPOrt the work of the 5￿mbandI1a Scholar5hipTw5L based ￿ South AfrKa. with the exception of the Yajayo Proitet in Zinbabw•. Revtew of a£lhitles Due to banking constraints and ￿ ConsKIernth￿ of ihe Chri￿5 trKome. no financial suppcrt was dist￿r5ed dirertly from ihe Charity's own bank account durine thts per￿. However, Marwyn madè payments on behalfol sU￿￿nd￿a usin< Sumbandila UK fvnd5 they held. f*hich slKwJld be regarded as dOnatiC￿ frnm UK FriErHI5. For the current period re£eipts am(rtmted to É143.73112024-ÉW9601. Fundralslng activltles Ourin8 the pefiod the CharityfvndiJ15ed tPmgh the)uxGv4ing webpage and throwh oneolng rei)knships wr(h previws don0￿. •seNos pollty It 15 Ihe Tru5tees' policy to Ulilise all incoff* ar19￿ alth)u8h in any year a surP￿S or deficii may arise. the size of which rnay vary ac(ordiThB to the timing of Erant paymEn15. In the Event DI a deficit. ThE Sumbandil scholarship Twsi h•4e confirmed that ihey wll provide financial supwt io the tWSt to allow it to coniinue as a going concern. This ensures fhai the trusi on meei future otAigatvn5 and offer adewaie gran¢5 to appropriate causes whKh may corne to the attenti?n of tlLe Trustees ￿ the luture. Fyiure de¥elopme The Charsty will aim its continue its 511PPOrt in partirutar to the 5wnbandila kholarship Trust forthe foreseeable lutureand will lookforotherw¢ythwhilecau5e5t05uppDrL Page13 The UK Friends Of Sumbandila Scholarship Trust Statement oltrnstee< rtsponslbHItI•s The irustees are responsible foi pr•pariD8 the Trystee5' Report and 5tatement5 ￿ accordance with applicable law and re8ulat*)n5. The law applicable to charitie5 in England & Waks requwes ihe trustees to prepare financial statements for each financial year in accordance with United KinEdom Gemiilty Attepted Account*ie Praciice Iunited Kin¢dom A(countin8 51andatd$ and appliuble lawl. The trustee5 rnUSt not appro￿ the financial statements unless they are 5at15fied that ihey give a true and fair v*w of the siaie of aftsirs of ihe chawity and olthe in¢omin8 resources application olresource& in¢ludinE the inmrneand Expenditure. of the rhority lor that pEriDd. In preP￿ne rhese hancièl statements. the twstees are rewired to: al seltrt suitable attountwy pokie5 aTwJ apr* themcon5i%tentty: bl obseryt therneltsjds prwKWes in the thaiiiies 51XP: cl make jud8menis and account¥￿eStImate$ thatare reasonable ar￿ pnjdent: dl stale whethef app1*•b￿ UK Attountin6 Stsndard5 have been fdkjwed. subiett to anyrnatewial departure5 disdosed and explainl M the rm3￿131 aatements. I prepare the finarKial Statements on the 801￿ concern bas￿ ili5 inoppropriate lo presume that thttharity wll tontinue tooperate. The trusteesare responsiblefor keepinBsuffKient acmuntinB record5 that di5closewith reasonable accurary atany time the financial position OF the charity and enable them toensure that the financial statements comply with the Charbties Act 2011, the Charity (Account5 and Repwtsl Reguktions 2LlJ8and thE prLNi5ioll5 of the tn151 deed. They art also r*ponsiblE for ￿leguardIng the assets ol ihe charity and hwKe fry iaking ￿350n3b* steps for the prevention and detertion of fraud and otherirreEularities. Appraveil by the Tru51ee5 a￿1 4ned on theirt*halF br. Leigh Bristow Trustee Dale Page 14 The UK Friends Of Sumbandila Sd￿larShIP Trust Independent Ex*ninePsllepNt lothe Tn￿le￿5 ofTheVK FrierHls of ￿￿ban￿10 5thDlars Indpptndent EM•mlnerfsflep￿ to theTNstets olTh• U￿￿••nd$ ol 5dwlwshlp I report to the trustees on myèxamination of tht finantial ststemènts of The UK Friends of ￿1Mband11a ￿l￿Orship for the vear ended 31 January 202S which comprise the Statement of Finncial Attmties. the Balan￿ Sheet and related notes. Thi5 report 15 made solely to the charl￿$ trustees. asa bth. in actiYd*ce wth section 145 of the Charlries ACE 2011. My work has been undertaken $0 that I mighr sraie to tfr*chaiit(s tyustees those matters l am fequiied to state to rhern in thi5 report and for rKJ other purpose. To the hjllest e￿efit pemiitted by ￿￿, I do not accept or assunR responsknility to anyone other than the charity and thè charivs trustees as a t￿. lor ¥MrK for thi5 rtport. or for the opinions I have formed. ResponsSblitlEs and basls of r*port A5the trustees ofcharitatye ¢¢>mpanyytyJ are re¥￿Ing￿e lorthe weparntion of ttr*fv)ancvalsiaiement5 in accordance wilh the requirements ol the Charbties Act 20111.tht AtVI. Having Satisfied mystll that the finantial statements of the dwritslle tompany art noi required to be audited under P¥t 16olthektand are eljible forindependentexamination. I report in respecL of myexamination ofthecharitable cornp￿¥,5 rinancial stateTh￿￿t5 carried out under sertw 145 Df the Charitie5 Art 2011 1.the 2011 Arfl and in ￿rry1Th8 out my examination I have Idlowed al ihe apF4Kabk ￿real￿n$ given by the Charity undèr Sett￿fi 14515llbl ol the 2011 Act. Independent emamintrfs rtatem*ni I have cornpleied my examinaiiork l Confwm that no fflaterial matter5 ha7R ¢iJrne to my atteniion in connection wilh the exarnination yving me Cause to believe that in any material re5pert-. accouniing records were not kept in respect olthe charitable coThwTryas requKed by section 386 of the 2￿6ACt.. or the fina￿la1 5tatementsdo not acrord wmth tlwxe rectyd5: or the financial ststhments do notcomplywrth the aCC￿nI1Th8re￿ireffl￿ts of5ect•Jn 396 ofthe 2C(6Actotherthan any requirernentthat the financial stsi•m•nts 8bV• a'tru• and faii¥iew whith is n*xa matier consmkned as part of an independent examinaiion.. or the fina￿131 statement5 have not bpen wepared in accordarKe with the methods and wintiples of the siatemeni of Recornmended Practice fur arcounting and vepDrtinE bytharitlE5a￿f1CO￿bet￿char1tieS preparin8 their accounts in acco¥dance Wbth The Financial RepJrEirK8 Standaid aPP￿3￿e in the UK and Republic of Ireland IFRS 1021. I have no concern5 and have comeacross noother matters in coThnectbon wih theexamination to which attention shoukl be drawn in this report in orderto enable a proper undewandin8 of the financial sta￿Men￿ io be reached. Russell Joseph FCA Bournei Bullock Chartered Accountahts 114 51 Martin's Lène London WC2N 48E 27 November 2025 Page15 The UK Friends Of Sumbandila Scholarship Trust Stalement of Flnancial P￿l¥ltIeS for the Yeai Ended 31 January 2025 Unre5trkled fthid5 Tutsl lund5 Totalfvnds 2024 Intomt fvom: Donations 143.731 143.731 143.731 143.731 8B,960 88.960 Trjtal irKorne Expendfture on: Charltable ac11￿lieS 11216341 157.1311 1122.6341 157.1311 138.5041 17,3951 Fundraiyng costs Total expenditure 1179.7651 1179.7651 136.0341 145.8991 43.061 Net movements in funds 13&0341 Retoncllatlon ol funds Tot¥ funds brou8hr forward Tot31 lufidsc*rled fonvard 86.631 86.631 43.570 50J96 SO.$96 86.631 Pagei 6 The UK Friends Of Sumbandila Scholarship Trust Balan¢e Sheet as at 31 January 2025 IDZ5 ZOZ4 Cash at bank •Dd In ￿nd Other debtors 38,210 13.736 8S.440 2.630 Total current a55ets treditors: ArnouThtsfallin$ duEvMthln or* ￿ar Net current ass Sl,Y6 11.3501 88.070 11,4401 50.596 86.631 Net assets SO596 84631 The lunds of tho th•ritrr. Llnfestritted income funds 50.596 86.631 Tolal thwity funds SO,S96 B6.631 Approved bytheTru5tees on 2025 and sI￿d on their behalfby. Leigh 81i510W Trustee Page17 The UK Friends Of Sumbandila Scholarsh5p Trust Notes to the Finana31 Stsiements for the Year Ended 31 January 2025 Arcounthrypolkles sls of prepaTatlon The linanc41 staiemertts have been ￿￿epared in ac¢wdaYKe with A¢rountin8 and Reportin8 by Charilies: Statement of Ilecommended Pfattice applicable to Charit￿ preparing their in accordance wi(h the Flnancial Reportin8 Standard applitable in the UK and OF Irdand IFRS 1021 leffective l January 20191- Icharities 50RPIFRS 10211. the F￿an(la1 Aeportir* Standard applKable in theUK and Republic of Ireland IFRS 1021. The financial staiemenrs have been prepared to give a'irne and fairf and have departed Irom ihe Cbaritie5 IAc(ounts and RepLWts1 ReEulation5 2(rf)B On￿ io the e￿ertI required to provKle a 'true and lair view.. Thi5 departure ha5 ￿¥0￿ed following.￿(o￿lIng and Reporting by CharrLies.' Statement ol Recomrnended Prattice applicable to ¢hariies preparM)E their accounts in a￿5¥ In¢omln£ resources Resourtss ejtpended At31 J3nuary 20Z4 Fqbnjary Analysis g11￿d Unreslrfrted In¢ome fund 43.570 88.960 (45.8991 Debtors 20Z4 Otherdebtors 13.736 2.630 13.736 2.630 Creditors 2025 X124 Pro¥ision for re¥w fe05 1.39J 1.440 Pase 113