ALSAMA PROJECT Private Company Limited by Guarantee Chofity Registrotion No.- 1191810 Compony Registration No." 12433605 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2024
ALSAMA PROJECT Contents Y•ar •nd•d 31 O•¢•ml)•r2024 Le8al and administrative infomiatlon Report ofthe Tt5 Report of the Independent Auditors 11>13 Statement of Flnand•l Att'e5 14 Balance Sheet 15 Cash Flow Statement 16 Notes fomiin8 part ofthe Fin¥*ial Siatements 17-24
ALSAMA PROJECT Legal and admin¥strative lrrfornOn Y•ar •nd•d 31 Dtt•mb•r 1024 The strurtural and admintStrati ddails for the tharity are as follows.. Name: Alsaffla Project Type of eniity.. Pn"vate Company Limiied by Guarantee Date of inc¢xp)rntion: 30January 2020 Registered Charity Number: 1191810 Company number: 12433605 RÈ8lstered ènd prIrK1l offl¢t.' 5- Fl(w. 31 FuTnhal StreeL ionth)n. EC4A UQ The Trustee5 a5 It the date of thi5 report Ithe Irustee5"1 are". Melke Zierycsel Eliiabeih Mary Robertson Rlchard Veritv Chrlstopher john LiN1Y Teesthlq Suhir Helal Dr Paul Mltchell Kelish Pothalin8harn The bantrs are.. anque Banorieni Fr•nc• 193-195 Brompt¢)n fload London JWJ ILZ The solKt<)rs ale.. Skadden. Afps. gat, alh¢T & Frn IUKI LLP 22 &"Shote London EC2N 4BQ Tht auditovs are.. Mitchell Chafltsworth IAuditl Limit 3rd Flopr 44 Peter Street Manchester M2 5GP 21Page
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 The trustees pre5enl their fepwt together with the financial statements for the year ended 31 Decernber 2024 The financial statements have been prepared in accordance with the account¢n8 policies set out in the note5 to the Kcounts and cornpty with the charitys governing documeni. the charit Aa 2011 and Accounting and Reporting ty Chafitses.. Statement ol Recommended Prartice applicable to Charits preparingthelr accounts in accordancewith the Financial Reportin8 Standard applicable in ihe UK and RepublK ol Ireland t5sued in October 2019. Flnancial review, a¢hievements performante and future plans History Alsama Prolea began a small fernale empowefrnent centre in January 2020. prowdin8 awarene55, cricket and yo8J sessions to teenage 8lrls in ShaiSla refugee camp. These gifls were lIn8 In po¥erty, Vulrable to early marriage, and were almost all illlterate. li was their request to learn Aralmc. English and tsJd8etin8 that compelled Melke Ziervrde and Kadria Hun to establish 5aMa'S first eilucation c¢ntr¢ in 2021. Edu¢lon C•niMs sama Projett currenily supports fi¥e educatloft ¢eNres, In Shatll• camp. 8r. two In Bourl al Baraineh camp, Beirut and one in Jaramana, Damascus. Our sttsdenis are out-of-school relugee teenaRers. the MarI1¥ ol whom are female. In December 2022, 5am• Project Was eduutini 4LNI teena8ers in two centre5. In 41ri12023, we opened our thlrd centre,'Shatila 2., in February 2024 we opened our lourth centre,'8oufj 2'•nd in March 2025 we launched our centre in DamaKus,'JaramaDa I,. Now. across our flve educaibon centres A15am• educates 950 teenagers. Alsama has a S- vear ambition to 8row to over 40 education centre5. and are on tTKk lo educ•te l.l teena8ers by 2027. The lama Team op•nln9 W 2 F•kyvory 2024 j, ¢ii,I Ctsrrrtulr C*velopment It is a Signifint thallenge to educate outd-school teena8ers join A15arna illiterate and innumerate. A15ama'5 curriculurn has been specially designed to fit 12 years of standard 5chooSing into 6 years. Our curriculurn has been desSgned uslng 4 inputs.. internalnI1 stèrNlards, Internal expertist, terTh81 tonsuttation and student leedbatk. Alsama projett aims io prode a workl-class. hdistFC educètion. rather than bas literacy and numeracv. Stvdents study Maths, English. Arabic. IT. Science. Protessionaliym. Awareness. Criiical Thbnking, Art and Yoga. Lessons are [uSed on'real-life application. to keep students enÉaBed. 31Pa¥t
ALSAMA PROJECT
Trustee5 Report
Yèar end 31 Ot<mbtr 2024
Sustoin¢7bility
Our education system is con515tent and 5UStainable. We teach lof 5 day5 a weel 44 pek5 a year. This is achieved at
a low cost., our'per student, annual cosi 15 LIS $94Q. 83% of the global average.
A rnajor task of A15ama in 2024 was achiewng formal xhool reditatiOn. To achieve this goal we hosted a virtual
WASC visit and a compfehensNe-audit" of A15ama as a whole. We are estatic to say that as of february 2025 two of
our centres have been accredited with the other expected to occur later In the year. This means that our siudents
will graduate 1h an iniernatw•l Kcrediiation. auowing them io pursue hqhereduution or enter the wole5s1ol
obs mafket.
Alsarna is deepty embedded intoits cornmuniti¢5. 91% ol patd5taff are th•1, •ndweoffer emphiyment opportunitle5
lo top studefits. We provide awareness. empowerment and literacy das5es to poTent5. Alsama operate5 under the
protettion ol its tamp nei8hbtsurs.' we respect lotal txpettatitins and have established mutual trust. Thls ensurts tyjr
centres, longevity. 145t5epiembei we had a waitin8 of 2.730prospective students demonstratln8ourcommunrtv
support.
Exlr¢Kurfculor Develo¢
Alsarna rwnlms ¢h• Import•nc• of ex¢racurrkul•r cr•¥tin8 wdl.roun¢l•d, •rnpowered IDdividu•ls.
Mu51c
In Septembtr 2023. A15ama oped It5 Musk departmtnt. At the Ilme of Writ1 Stents re(elv* one group
music lesson per week. $am8 also offers instrumental lessons ¢)n piano. guitar. violin. oud and dèrbakè to 120
students. Our music proerimme focuses on collaboration èhd ptrfomiarfe.. we held our first concert In late 2023,
in¢ludin8 ensemble and 5ndividufjl performances. We now hold J concertj per year in M•r
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 Cricket Cricket Hub5 In oaober 2018. ran a one.week cricket ump. wpported by Qprtal KK15 Cricket and McKin5ey. Qn the first day. 20chlldren attended. On the second. 2Children turned up. By theendoltheWeek.5arna had decided to establlsh 'hub'. providing children with 6 hour5 01 cricket trainin8 every week. By 2023. Alym• has now expanded lo 12 cricket hub5 Icross three c4fflp5. Shatlla. Bouri al 8aralneh Marl, tented camp In tht Bekaa valley. Wt opened 2 mtye hubs In 2024. tralni 660 players in tot•l. Communltv Impart ondPortnersh195 Cricket Is a panlcularly sultable swt lor Alsama's community. Crlcket is a non-contart sport. which means ihat boys and 8irlscan play tO8rfherwihout irans8ressin8 cultufal bwndanes. It requiresa de ran8e of straie8lcaTrdathleti skllls. makln8 it accessible to children with drfferins abllities. Crkket iroinin8 works in parallel wlih our educatlon cenires io losier collaborail, leadefthlp and wmmliment. Out programme connerts refvye pl•yers io a lder MmnI1V, In Lebanon •nd beyond. In 2023, we held sl# championshlps.. sie$eX, mixed and hafdball. We play fe¢ular matctrs with other local ieams from Pakistan, Indla and VNIFIL We have continued to develop our coachin8 capacity. In 2023. we ran our fourth Leadership Course. 5UPPOrted bv the Marylebone Cricket Club. After completing 8 hours ot intensNe trainin8 per day. 14 students advanced to ICC Lv•l 2. In 2024 w hostod thrttttitknt intèrns frtm th UL workin8 to build Al£ama'stritket dwrtmnt. A furth group of student5 11 take their ICC Level l exarn in late 2024. Ar4dmk Scholarshlps-"Excellenc Fu Alsarna sponr5 Its lop students to attend Internat1 Sd and c(Alege5. Students are assessed by an Independent Selection C¢>mmittee on their deaf ¥i511>n to advance thwr comrnunity, leadership ski115 and acodem performance. Alrna partners Wth admired secondary schoots in Lebanon and alxoad who alwi th our values and cornmltrnent to diversity. A15ama's students Cothiftue to eam ¢0£1<10 thtir academic excellente. In 2024. through our partntr Al Futtalm Educaiion Foundation IAFEFI. two more OF our students wee offered sclw)lèrships to a Pfe-eminent school in the VAE. United American School. 5tudeThts %¥ere nominated by an Independent 5elertion Commiitee based on merit and selected by AF£F. One chose to accept the 5(holatship and now in fbal. the ottr*r d)ose to continue 51Pa¥t
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 r studies at Alsama, l)oth are thri aca(knMcally. partner5 Wth admire(15econdary schools in Lebanon and abroad. Sori•l Emeipnse5 Alsarna cuentlY incubates three social enterpfi5e5: Alsama Studio, the Arabic Language Sth)ol and the G12++. Embrolde C rotl -Alsomo Studl . Alsarna stud50 create5 bespoke. hand-made enrodery art. The enterfv Is a conThinity 01 SO refu8ee women artisans In the Shartlla. 8wrl and 8aralneh carnp5. Indudl the mothers olour students, The studJ alms to empower ils arti54n5 ty 5UPPWting their financial independence and personal growth. Many of these women are noi allowed to lea¥e the htyjsé except 10 80 to the Siudio, whith Pfovides a sale space lor problem sharin8 and cieativity. The studio has aho provmled yoga, lrteracy and empowermenvawareness classes to its artisans. Alsarna Siudlo is fin•nciilly iendent frorn Ais•m•: Ill profrts are in¥ested intoihe studlo •n41 tts freel•ncer5. It makes sales lo14¥. and shlps io an iniefnatlonal Market. Currenily. SaMa Studio has a Studio Director. Its artis•ns work to demand as freelancers. In 2024, the Studio expanded tt5 internall¢Thl sales tsy 5eekin8 the 8UIdan ol soclal enterprlse investors and hlrlnB a marketin8 consultant. Arobic Lclnguoge khool Founded in 2024 by an ex.sam0 studeni. the ArabK iawia8 Sthool offers be8inner to advanced Arabic lessions In the Levantine dialect to anvone who wani to le•m Ar•blc. Staffed by students who have achithyd excelknt level ol English and Arabic. the lanwage sthool creates opportunllles for siudents to besin arnIng buslness skfjlls and eainln8 indeperleffl Inttme. G12++ Qvtrlifit0tn Thè G12++ is des48n lor displacèd siudènts. prthiidsne èn attèssiblè qualificatltsrt to allow thèm io acce55 higher education. Alsama ha5 Used data from it5 edUCatn centres to develop a 501ution to a global problem- only of all univer5ity.age relugee youth acces5 tertiary educatitin IUNHCRI. The G12++ airns to provide an accessible, Inexpenslve examlnatlon ih lotuses on criiical thInnI and skllls Instead ol fac In 2023. Alsama desl8ned its Prototype examlnation. deb**ped w4th professional test writers and academics. We have created a network of ur%iversiiie5. NGOS. Bo¥emments. sthools and foundations excited to enga8e with ihe enterprise. In 2024 Alsarna advanced this exam-based high 5th0 certification. Cambridge Assessment, Oxfgrd Measured ond other preeminent as5e55ment consultanaes guided our work. 61Pa¥t
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 Ploneerin8 un¢¥ersities have committed to 5UPPOrtin8 the develo¢ of the GIZM Exam. as well as wovlding placements and ScharShIpS to sarn3 students who succeed in eamin8 the GI2 Certificate. These include. In ihe UK.. University ol Leicester and the UnNersity of Carnbrid8e-. in the US,. Mor8vian Universrty and the Ariiona State University. The G12++ Advi59ry Board is formed by PresentS and Pro-VKe Chancellors of these universitie5, as well as visionary leaders In the space ol refvgee empowerment and of education and assessment. In 2025. we wlll beta- te51. digitalise and linali5e the Exam and are well on ow way to formal international accreditation. HQ Alsarna emphaslses 'on-the-gfounrf worklr8. Our HQ Is a ynall rorrfn In our flfst educatlon centre In Shatlla. Thls mean5 our adminlstratb¥e team 15 In close (ontart wlth the communities we serve. In 2024. Alyma strengthened it> HQ We hired a peanent Head of Finance. a G12++ oFfKer and an Education Consultant to help re14ne our turritulum. We have also sou$ht lurthef external expertise.. workin8 wllh WASC to Improve our Govern5 Board Manual. 10 year financr41 plan and pro8ramme guides. 2024 was ihe year Alsama became an acttve member of the Lebanon Humanitarian and Development Forum, Ihe Lebanon Education Sectorni and ihe Lebanon Child Proiea in wder to collaboraie and COLvdinate our Ktivities wlih other NGOS. A15arna Proltct has undert•ken sebral Inktbattrns alrned at coAso16datlng tyJr Int•mal or8anlsation. We continued to inlorrn our salary sirutture throuih tyjr Salary benchmarkin8 exercises. Alsama Projttt rah one exercise wilh l¢)tal and internatlonal NGOS. and we took part in a further benchmarkin8 proj•rt th m•Jor international NG05. We 3190 mTr8rated to a new file 5tOfa8e system for enhanced data 5ecurty- Since 2022. A15ama h45 also develvped it5 intern5hlp proyamme. In 2023 we recrulted Strategy and Development. G124+. and Cficket interns on a fi¥e-month rolatn. In 2024 we expanded Qui internship proAr3mme to include Flnance and communi15 Internshlps. Sustalnablllty and Reserves Alsama Prolect operates Il5 own educatlon centres and cilcket hub5. ThF5 rneans that oui costs are steady and lon8- tem). 60% of our on.the.ground costs in Lebar+on represeni staff empw as freelancers. who are pald Month1. Most other Costs are •lso re8ul•r, e.8. rent and transportaiknn and these costs are pald by $ama Prolett Lebano and reSmburseil by us. sama Project does noi sub(tract w thlfd par. expendlture Is supervised by the CEO, Melke Ziervo8el. Q>sts hzve risen In 2024. as we opwwd a fourth edu(atwJn centre and new cricket hvbs. Expenditure wll rise further. •s we have opened * fifth education tentre in March 2025 and pl•n to open a sixth education centre in 2025 and lurther crScket hubs. C05t5 are a150 Sntreasing due to hh inflation in tebanon. 5am3 Projecys growth plan means Ihai the trusiees must carefully consider eKh to open a new cenlfe. and mainiain reserves Wlth prudence. The non-renewal ol lunding by any one si8ntlicant donor could have serious VerSe ellects on the provision ol education. To ensure stability. the trustees currentty masntain at least 12 rnonths. future expenditure in reserve on rolllng basls. 2025 Spend 15 f(Keca5t to bE around $1SC(I.C#)).. the cutrent of Te5ervE5 IlrKludln8 IE5tr1cted and unrestricted lundsl ol 51.4(XI,IYXI is jusiljelow this rae Iwt new di$ and (knnati¢)ns are bein£ attively ènd successfully sought in 2025. Alsama Project is deli8hied that so many of its donors have repeaiedly donated to the trity. 415 of donations in 2023 were donation5 frorn loundatior15. corpoTrtions and individua15 who have 8rfted previous. Tht5 15 particulady gratifyin£ as Ir shows that not only are so many ¢Jonors mèintaiftin6 iheir commitment In 2024 from prewous years but some have svbsiantialtyiweased t.1 donations. In additrf)n, Alsama Projea received some especially£enerous 71Pa¥t
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 rirst.tTrme donalions in 2024 from a number of foundatkn5 and indNKluals. The tru51ee5 extremely grateful for thls continued support. In 2025. we will continue to show all our donors the impact ol their donatlons on educatlng and empoweriThg the refvgee mmUnitieS whKh we serve. sarna Projed uses cash balances toeam derAx interest ahead of the months before the cash is spent. 11 also aims to mainiain more of its cash balance5 in US dollars to hedge it against movements in sterling and Euro. th 2024 balances have been buitt up in the sister 5ama Projec¢ US and kept in US doliafs while e•ming iThteresi. Rlsk Manazernent Policy Stall in Beirui have continued to rrfUIar review risks. update policie5 and processes, with extem•l guidance from Skadijen. Assks are grouped In ule8ories, includin8 financial. politKal and safe8u•rdln8. We have expanded our categorlsatlon ol risk registers to incorporate Alsama's new activbties. indudiTrd cricket ènd liekl trip rISters. This year. we continued to expand related policie5 suth as our Conflict of Interest Polic¥. Enhanced Safe8uarding PTacticts and Fraud PolKy. These tdic15 were created by HQ wtth swlfant input from 0n.thtrgrcnd stalf. Internal Financial Controls are reviewed annvalty. Ma&ntainin8 reserves at the current leve15 5tturt in the UK helps ensurt there art suffitient resourtts In the e¥ent of adverse shotks bn Ltbano Stfucturel governance and management GoWmlwdoffl•nt Memorandum artlcles Incorpor•ted 30 J•nuiry 2020 as Jmended by spedal resdutlon reglstered •t Companles House on 2 Sepiember 2020 as amended by certIfale ol incorporatlon on change of name daied 7 Octobef 2020. As amnded 27 March 2023. DlrectoNltNst•i and Indutdon. frnlnl The 8oard of Tru5tee5 mpels four times a year to admln15ter tht tompany. One ol thts meetlrw15 Usualty held In Lebanon. so trustees can see lor thèmsefves the chaiity's impact and ¢)n-the-ground opefational thallen8es. In 2024. the trustees Wtre unable to mtet in Lebanon due to the war in the ctyjntry. HLvRver, they met virtually throughout the year to ensure srron8 >iraie8lc and finaTrclal Roverrsan£e. throu8h buslness-as-usual. thrOh crlsLs and thfough tht new normal. The trustees have the potr io apOni new or •ddlt14)nal trustees. New trusiees dery0 Induciion tralnlng io brief them on thelr legal obllBatK>ns under charlty and company law and the conient of the ArtIc$ of Assoclation. Ketlsh Pothalin8am. le81¢re0 dirertor le14ad Paul Mrtthell •$ Chair of the Board in 2024. Oblertl¥os and •rtlvltl•s TheCompan5 oblectsare specllkally re51r6tted w sh purposes which èreexcluslvely thafliableand for the ber¢efrt of the publk under the laws of En8land and Wales as the Trusiees shall in thelr absoluie discfdion determine, including Ibut noi Ibmtted tol.. the rel*1 of ertY or financial hardshlp amoAg refvgees and asylum seekers bv provSdin8 £rants, items and servltes to individuals in need andlor charities or other or8anisaiions workin8 10 prevent or relieve poverty,. attin8 as a resource for Bee$ and awum seekers by prov11n8 advice and assistance and or8anisin8 PIO81ommes of physical educatbonal. arts and other attivitw asa means ol: lal advancin8 in life and helpin8 ywng people by developsng their skills. capacities, and capabilities to enable them to particlpate in 51xiety as independent. mature and rtsponsible indivtdvals. Ibl advanc1 education 81Pa¥t
ALSAMA PROJECT Trustee5 Report Yèar end 31 Ot<mbtr 2024 Icl relte¥ing UnempYMenI Idl providin8 recreational and leisure time activity in the interests of social wetlare for refugees aThd asylurn seekers who have need by reason of their yguth, age, Infirmity or disabilrty. poverty or social and economic circumstances with a ¥lew to Impro¥in8 the conditltsns of lile ol suth persons. Publk Btnefft The companyalm5 10 provlde publlc benefft bylh rdlefof poyeftyorllnandalhardshipamonorehyeesand asylum seekers, prlmarlly by provldlng edUcatIc aNI ulcket to refugee teenagers In Lebanon. The trustees, repjrt was approb*d by ihe Board dTrustees. K Poihalln8am Truste• O•¢e........ 2710712025 91Pa¥t
ALSAMA PROJECT Report of the Audltofs to theTru5tees of Alsama Project Yèar end 31 Oec•mber 2024 OpiniD We have audtted the financlal statements of Alsama Prolect Ithe 'ChariVI fof the year ended 31 December 2024 which cornw55e the 5tstefflent of linanual actr¥iiie5, the balae 5hEeL the 5[aent of tashllow5 and note5 to the rinancial statements, includin£ EnIrant accountin& policies. The fina111 reporting framework thai has been applled In iheir preparaison is applicable law and United KFngdom Accountin8 Standards. including Fittancial Reporting Standard 102 The Finonciol Reporting Stondtsrd opplKoble in the UK Republic of Irelond Iunited Klngdom Generally kcepied Accouniing Practkel. Ir our ownion, the frranclal statements.. Ive a true and falr view ol the stste ot the tharitable companfs aftalrs as at 31 December 2024 and of incoming resource5 Ind ippliution of re50urces. for the year then ended.. have been property prÈpar•d In atcoidance wAih XitW>m Gentrally Accepted Accountin8 Prartke; and have been kwi•red In accordance w6th ihe requlrements of the CThnles Aci 21N 0•sh lor oplnlon We condvcted our audit in accordance wilh Iniernaiional Standards on Audilin8 IUKI IISAS IUXII and appll£able law. Our responsibllities under those siandards are fvrthei descrlbed in the Auditorfs responsi"11tsA0r the oudlt olthe firtontiol stotements section ol our rtport. We art IndeptNJent of the charrty in actordance with the ethlcal reouirements that ar relevani toovraudit olthe financial statèments in the UL includin8 the FRCS Ethical standard, and we have fulfilled our other ethital rt5ponsibilitie5 in accordance vrith these requirements. We believè that the audit evidtnce we have obtained 1$ Sufficient and appropriate to provhle a ba$15 lor our opinlon. Concluslons r•latI to ¢oh¢•rn In auditin8 tht IlnancL41 statements. * havt cortthded that the trustes' of the 80Sn8 cwrn basls of actovntin8 tn ihe Pfeparath)n 01t fin8ntlal stai•ments ts approwlaie. 6•5ed on the work wt have performed. we have thntlfied any materlal untertalniies relatlng to evenis or ¢onditions that, indNidually or collectively, may cast Signifnt doubt on thè thariivs ability to continuè as a eoini ¢oncern for a period of at least tkbylve month> from when the financial statements art •uthori5¢d for i5su¢. Ourresponsibilities and the responsibilities of the trustteswith r•spttE to 8oin8eonomare desciibed in thè rele¥ani sectlons ol thSs report. Olh•r Inforniatlon The other Inlormation compri5¢5 th¢ inlorrnatw iluded In the ann4wI report other than the th"n•ncial statements and ouraLtditorfs report thereon. The trustees are respon51ble for the other informatlon contained within the annual report. Our opTrnion on the financial ststements does nol cover the other inlormatKJn and we do not expre55 any forrn of assurance conclusion thereon. Our responsiIrtY is to read the other information and. in doing 59, consider whether the other Informatlon Is materialty Ion$15tenI with the financial statements or our knowledge obtained In the couvse of the audit. or otherw15e appear5 tg be materialty mi55tated. If we identify such material incon515tencies orapparent matertal misstatements, we are required todeterrnine Wheth thss gives riseto a material misstatement In the financial statements themselves. If. based on the work we have pertormed. 7A condude that there Is material misstatement of this other information. we are required to report that laLt. We have nothing to feport In this r. IOIPa8e
ALSAMA PROJECT Report of the Audltofs to theTru5tees of Alsama Project Yèar end 31 Oec•mber 2024 Matters on wlHch we Jre required to rewt by exception We have nothing to report in respert of the folk)win8 matters In refatlon to tthkh the CharltSe5 (Accounts and Rewn51 Re8vlatiiJn5 2(J)8 requtre u5 10 Teporr w you if, in our opinion: the Infomiatlon 8l¥en In the finandal Matements is IrKonsittent in any matthal pert wrth the tntsrees. report., or suftknent accouniin8 ordS have not been kept: or Ihe finandal statements are not In a8reement wlih ihe xcountin8 records: or we have Thjt received all the informatJn and explanatJn5 we require for our audit. R•spon%lbMkl•s ol tn As explained more fulty in the statement of tru5tee5' responsitslrrie5. the irustees, who are 4150 the dirertor5 of the charliy for ihe purpose of company law. are responsible f¢y ihe preparatlon of the financial statements and for bein8 satisfled ihat they give a true and lair View, and lor such iniefnal conirol as the trustees determine Is necessary to enable the preparation ol hnanciil statements that are Iree from material rni$5tatement. whether due to fraud or error. In preparing the finantial siatements, the trustees ère responsible forassessing the charity'sability to continue as a 8oin8 toncern. disclosin& as appli¢able. matters felated to 8oin8 concefn and usSn8 the 8oin8 toncem basls of xcountin8 unless the trustees either iniend to liWdate the charitable c¢hiwny Of io cease operation& or have no realistlt altemètbve but Eo do $0. Audlforfs r•Spofib1ttl•$ l¢f th• •udlt d th• Ilnancw stat•m We have been •pOnted as auditor uThler section 144 of th• Ch•rftles Aci 2011 and report in accordance wlth the Att and relevani regulèiions made or havlng effert thereunder. Our objectfves are io obtaSn reasonable assurarte about wheiher the flnancfjal ststements as a whole •re free from material missiatement. wheiher due to Iraud or error, and io issue and auditorfs report that includes our opinion. Rea50nablt a55urance 15 1 high level of a55uranct but is noi a 8uafanie that an audit conducted in accordante with ISAS IUKI wlll always detect a rnattrlal mSsstatemertl vthen It exists. Mi55taternents taft arlse from fraud or error and are considerèd rnaterial il. individualfy or in a88regate. thèy touk4 rèasonabfy expertèd to Nifluence the economic deci5ion5 of users taken on the bisis ol these finonci•l statement¥. l¢re8ularities. irtluding fraud. are instarKs of non.complian with laws and regulations. W• dsi8n prot•dures in Ilne wlth our responslbllitie$. outllned above. to deiett materlal missiaiernents respt of irre8ularliies, includlng Iraud. The enent to which our procedures are upable ol deiecflni Irreguloriile5, IrKludir& fraud, is detailed below. Btcause ol the Inherent limitations of an audit. there is a risk thai we wll not detect all egUlarItIeS. includin8 those leadingto a material mi5staternent in the financial statements or non<ompliance with regulation. This risk increases the more that cornpllance w+ih a law or re8ulatlon is remo¥ed from the events and trinsartlons reflected in the rinancial staiements. as we will be less likely to become awafe ot instances ol non-compliance. The risk is also greater regarding irregularitie5 (rTing due ¢0 fraud rather than errof. as fraud sn¥Ve5 Intent#0[ concealmenl. for8ery. coIIu5ion. omission or mlsrepresentation. Ext¢nt towhlch th• awllt TnSId11•d capable ofdrtectk¥ Irr•Bylaflths. hKludlng fraud We identify and a55e5S the risk5 01 material mTrsstaternent of thefinancial statements. whether due tofraud Dr error. and then desi8n and perform audit procedures fe5ponsivt to those rfsks. Indudln8 obtainln8 audit ev¥dence thal is suffKiÉ*)i and appropfsate io provide a basts for our opinion.
ALSAMA PROJECT
Report of the Audltofs to theTru5tees of Alsama Project
Yèar end 31 Oec•mber 2024
Identifying and assessini Potential ii5k5 veloted to IrreoritieS
In identifyin8 and assessin8 risks of matefiol misstatement Fn pert ol Irre8ularits, IndlI1v8 fraud and non-
cornpllonce with law5 and reguloiion5. we conslered the lollo¥wn¥-
the nature ol the seuor. ¢ontrol envkonmeni and Oryni10ft's performan.
Ihetharitable companls own assessment of the rlsks that irre8ularttles m•y occurelther asa result of fraud
cff error:
rhe resyltsof ourenquiries of manaiementandmembersof the 8oard of Trusteesoftheirown identification
and assessmeni of the nsks ol irwularrts'
ny matters we Identifd having obtained and Teviewed the charitabk compinvs dwumenta¢bn of thelr
)Iiciè5 and procedures rèlatinB IO..
identifyin8. evaluatin8 and c¢Xry)tyl ¥Mth law&S and ieeulaiions and whether they were aware of any Instances ol
non-compliance.,
de(tIng and respondln8 to the rtsks of fraud and wheihef they have kno¥Aed6e of any attual, suspected or alleged
fraud, and
the internal contr$ éstablhld to mltilale risks tsf frwd or non
ALSAMA PROJECT Report of the Audltofs to theTru5tees of Alsama Project Yèar end 31 Oec•mber 2024 In address1 the risk ol fra th1 man¥ement override of c¢)ntmls. testing the appropriateness of joufnal entries and her adjustmenis.. asstgsin8 whether the judgements made in makin8 accountin8 estimates indK3tive ol a potential bias.. and evaluating the buslw rntionale of any si8nificant Irafisacijons thai are unusual or ouuide ihe normal course ol business. We also tommunicaied ielevartt identiffied laws and rqulations and pentiaL fra risks to all en8a¢emeni ieam members and remained alert io any Indicths of fra1 or noA<omplkince ¥thh laws and regulsons thrOlOut the audit. A furthef dexriptlon of our responslbillties Is a¥ailabte on the FIDancial Reportin8 Councll's webslte at hllps.'l/www.Irc.or8.uklaudiiorsresponsibslities. This des¢ripbon fomu part of our audiiorfs report. V5• ofouf r•pNt ThSs rtmlrt is made soldy to the charit(s IruSrt. as a both. in actordance with part 4 01 the Charities IAccounts and Reports) Regulations 2(I)8. Our aud51 work has been undertaken so that we Nmght slate to ihe charlt(s trustee5 th05t matters we are required to Stale to them in an auditoes report and for nD Other purpose. To the lulle5t ertent permltied by law, we do not accept Of assume respon51bility to anyone other than itte charlty and the charivs trustees as a both. for our audit work, for this reprt or for ownws we hJ¥e forffled. Jamb•l•• Johniion IS•nlor Ststthory Audlthrl tor and on b•half ol Mltth•l charf•Th (Audltl Umlt•d Staiutory Audttor 44 Peter street M•nchÈtt M2 SGP D•led.. 2810712025 Mltthell char10rth IAudltl LIMIt 1£ lWbl• for appttlntm•iit $ udltor thl tharSty by vlrtu• ol Its ellilbillty lor •ppolntment 45 •udltor ol• ynder sedlon 1212 dthe Comp•nSes Act 216. I.IIPa8e
ALSAMA PROJECT Statement of Financial Activiti Year ended 31 December 2Q24 Fund5 Funds Funds Funds YEAR 202J 2024 Ch•rit•bk wKorne: Donations from charitable foundation5, private indl¥idua15 torporations 754A42 V7.54B 1.631J90 516.491 497.126 1.013.617 Total Intomt 754A42 8TI,548 1.631.990 516.491 497,126 1.013.617 Exp•ndltur• Charitable Actlvlties FX of Lebanon NGO Fund Raising Emer8enry $67 1.151.183 1.151.750 685.891 685.891 3.551 83.057 3.551 83.057 144,20J 35J22 144203 37205 Total eXndrtur* 185JOI 1.153.066 IJJ8J67 68591 772.499 FX GainllLgs51 111.3631 lllJ631 28.667 28.667 Net movement ln luThds for the perd 557,sn 1175.5141 458,550 1188.7651 269.785 TrJnsfer between fvnds 1254.7131 254.713 1169.6241 169,624 Fund bal•nces bfOU8ht lorwafd l Jan 2024 392 ZOI077 I.109 511.366 221,218 732.584 Fund balances cathed lorward 31 Otc 2024 1.103.157 IIL272 1.284.429 a.292 202.077 1.002.369 141Pa8e
ALSAMA PROJECT ance sheet Year ended 31 Oecernber2024 2024 2023 Cumnt assets Debtors Bank account fvnds 730,461 579.499 396.091 633,054 1.309.960 1.029,145 Creditors.. amounts falling due wiihln ye*r 125.SJll 126,7751 14•t Curr•nt Au•ts 1.284,429 I,(K12,369 N•t Ass•ti Unr•strlcted Funds General Fund io 1.103.157 8L4),291 Rostrlct•d Funds io 181271 202,077 Total ld$ Thècompany is entitled toexemption from the audit iequifement contained in sedion 477 of tCOMpanIeS Act 2006, for the year ended 31 Oecernber 2024. althwh an •udit has been out under section 144 01 the Charities kt 2011. The trujteesldireetorj •¢knoivled8e thelr reJp•nJillItIe$ for e¢¥mplyin6 Wlth the vt9ulrementJ of the tompar+leJ Act 2(6 with respect to the accounting rocords and the preparatlon ol the financial stattments. The members ha¥e no reqt¢ired the comyny lo ¢JlJtain •n •udlt In xcordance wlth the section 476 of the Compinles Art 2OJ6. 2710712025 •nd are skned on tIKlr beh•W by. These fi¢111 st•terneDts •PPfo¥ed by the Ite¢S PothalSni•m Twstee Th• not•s p•p$ 17 to 24 fom part ol th•s• I¢111 si•t•m•nts 1SIPa8e
ALSAMA PROJECT Statement of Cash Hows Year ended 31 December2024 2024 2023 14¢¢ mwvnwrt In l•r th¢ ptrlod Adjustments for.. Decrea5ellincreasel in debtOV5 Increaselldecreasel In uedtiors 269.785 1334J701 112451 1366,1101 4.035 14Et C•5h Ilvw from vpV•tIr •cll¥llle5 15>,5551 192,2901 Cash flow from investNw artpiitles N•t C•sh Ilowfrom IrN•$t •¢il¥ltlqs Cash flow Irorn hnancini arti¥rtie5 Net C•sh Ilowfrom •¢tMtles Net Incre•selldeue•sel In c•sh 153.5551 192,29)) C•sh and cash equlvilent$ 415tart date 202J 633,054 715.344 C•ih and tath •gulv*knht% if end d•1• 1024 161Pa8e
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 AcMuntln8 polkl•s Charlty InfonTratlon sama Projea Is a prlvaie company Nrniied by gyarantee Incorporate In En8land and Wales. The Ilstered office is 5 Floor. 3fy31 FurnNal Stfeet, Londm, EC4A IJQ Th• 8uarantors at 31 December 2024 are the trUee$ In office at that date and detslled in the tru5tee5 report. Their liabilrty in respect of the guarantee as Set out in the Memorandum ol AsKKiatiOn 15 limited to £1 per guafantor. 1.1 A<wuntln¢ ¢onv4ntlon The financial statements have been prepared uDderthe hsstOTital cost ctsnvention. in at¢Ndance th thE Compan$ Aci 2c¢J6, FRS 102 Tr Financial RewlJn8 Standard applicab in the UK and Republlc of Ireland" I'FRS 102-1 and the Charilies SORP -Atcountirt8 and Reportln8 of Charit$.. Statement of Reetsmmtndtd Practite applicab to eha¢iti prtprinA their Ct+Junts in actordanet with th Fi#ancl81 Reporting Standard apICable in the UK and Republic ot Ireland IFRS 1021. leffective l January 20191. The thaflty is a Public 8ènèfii Enllly è5 dénntd by FRS 102. ' The fiTh•n¢l•l statements are prepared In US dollars ¥thkh is the funrtl¢)nJl currency of the charity- IAonetsry arnounts In these fIn(I•l 5taleffts •re rounded to the ne•re5t S. sama Pfolect meeis the definrtlon of a wbllc benefft entity ur#ler FRS102. Assets and Ilabllr(ies are Inillalfy recoenised at hisiwical cosi or iransatt6on value unless oththvise staled in the accountin8 policy 12 GOI ¢onc•rn At the tirne of approvillB the ftnanck41 staternent5. the tru5tee5 have a reasonable expectation that the charity has adequate resources to wnlinue in operatwal exisience for the toreseeable future. Thus the trustees continue to adopt ihe 8oin8 concern basts of aOUntIn8 In prepann8 the h"nèncial Statements. Th• Investments are held at cost less h)walmiont as the I1 value cannot be reliably measured. The Trustees afe nol aware olany material impairments in the investffnt5 Other than those dlxlosed. Clwlt•ble fvr Unrestrirted funds are •v•lL4ble for use •t the dls¢retlon ot the irustees In fvrtherafce of thelr charftèble objectives. Ilestrlcted lunds are subject to spedfic condliions by donors orgrantors as to how they may be tsstd. The purpjsts and usts of the re5trirted lunds arè sèt tyjt in the notts to finantial 5tattments. IA Inrne Incomè Is retognlsed when the tharity is Iwlty efttiiled to it alter nay perfomiante condltlons havè been met, the amount5 can be measured reliably. and rt Is probabk thai Income will be recesyed. Don•tSws Ind Irtcome frorn donation5 and grants. In(klg capital grants. are Induded In Sncome wthen these are receNed except as follows.. When dDnor5 5peclfy that donatlons and 8rènts glven to the ch•rlty rnu5t be used In future actountine periods. the irtcome is delerned to those periods. 171Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 A¢Muntln8 pthls IcontSThAd} When donor5 impose conditiLJn5T•hich have to be fulled beforethe Iharity becorne5 entrtled to Use such income. the income deferred and not induded in Trncomin8 resouvce5 until the pre. conditK¢rss for vse have been mei. When donors speclfy that donatmins and grants are for partkular re5trlcted purposes. which do not amouni to pronditionS re8artlin8 enthlemeni thls Incl is included in IncomSn8 resoufces ol resiritted ftsnds when receivable. IJ ExpÈndltur• Expendsture is recognised orKe there t5 a leg41 or construttive obligation to transfef onoMiC benefit to third party, it is probable ihai a transfer of en0m benelits will be required in settlement, and the mouni of the obli£èiion can be measured reliabty. Expenditure is accounted for on an accruals basis ar&d has been classified under headbngs ihai aggregate all cost relaied io the category. Where costs cannoi be directly atiributed to panicular headings they the been allocaied to all11}eS on a basis consisient with the use of resources. Expendiluit Is classilled under the folltswirrf acttvty htadin8s'. £xpenditvre on ¢h•rlt•ble •ctiV51ies Indudes the tost of FX of Letsafi NGO compfises fofeian exchan8e losses arislrrf as the chadty operates in Lebanon Cosis of raisSn8 fvnds comprise of costs Cmers•n£y expendliure In#¢5 Support Costs are ttre fvnlllons ihaf the wNk (d the CrIty do dlrertty undertake charitable activities. Support ctssis Indude back office costs, finance. personnel aThl 8o¥wnance costs wh5eh tupport th Cha¢itW6 a<tiviti•É. Alsama Projett UK WOfs In partnership with Alsama Prolett lebanon. a Lebanese re8lstered NGO. Two UK trusiees, Melke Ziervo8el and Richard Vertity, form part of the management leadership of Alsama Prtiert Lebanon. SaMa Proiert UK re1mr5•S 1 costs ol Alsama Proiert Lebanon. 80th Governance c051s and &Jpport cos¥s are alknaled to other •n1Vit In proportion io dlrect expenditur• as it is the trustw's oplnkn ihat ihis is the best kyartical apportionment. C•sh •nd ush •gul¥•l•nts Cash and cash equNalents Indle cash in hand, deposits held ai Call th bank& other short tefm liquid inve5trnent5 Wlth oriKinal maturities of thtee months w le and bank overdraft5. Bank overdralts are shown within borrowin8 in current liatsl1li. 1.7 Fkn•nd•l Instru The charity ha5 elected to appty the Provi1)5 of SectiDn 11 '8asK Financial InstrUMt5, and Settion 12 'Other FlnancLIl Inslruments Issut5' of FRS 102 to aH ol it$16nandal instrurnents. Flnancial assets and liah"lir*sare recoenised when thetharitybecomes party io the contractual provisions ol the financlal Insirumeni. The Charity hotds basK financial thsiruments which comprise cash ai bank, trade and oiher re¢ei¥ables and irade and er payables. Basic Nnanclal Instruments suchaSsal Investments, debtors. bank balancesandcredltorsarefecoenised ai transaction value. 181Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 A¢Muntln8 pthls IcontSThAd} Taxation The Charlly Is exempt from corporaiknn on Its tharilab aciMtbe5. Fund Accountk¥ Unrestricted fund5 can be us¢d in x(ordance the tharItab objectNe5 at the di5cretson of the tru5tee5 Restrlcted fvnds can only be used for particular restfiued purpose5 wlthin the objects of the charlty. Re5trSciion5 ar15e when specified by the donot OT when fvnd5 are rnised for particutaf re51rirted purpose5. Crklc•l •Mlmit•s •ndludwMnts Therè arè currently nts eNIT8nt judeèmèfits and estimates app4 by the trust whi¢h r• eonsidred kéy to tht preparation ol the financial Statements. Incorn• frorn O•n*tbons 2023 Total T¢)tsl Unre5trkted Aestricted Donations from charitable fovndations, private individuals and Co)ratIonS 754A42 877,548 1.631,990 516.491 497.126 1,013,617 Total 754A42 877.548 1,631,990 516.491 497.126 1.013,617 191Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 Chariiabl• Acii¥lUtt. Fund Ratsln& Support costs sled 5uppvl UK Costs Educatlon Go¥ernanc• Costs Alloutign Total Akarna Prolert 2024 Current Year Sh31I13 1 Bourj I Shoiila 2 Bourj 2 Shared Costs 141.SB7 94.485 85.715 73.670 69.165 53.810 52.557 63.9) 52.704 35,196 829 45 612 26,639 26,639 26.639 26.639 lic.$$6} 23.597 17,686 18,064 IS,196 246,481 191.413 194,930 168.209 2196 Edut*tlon C•ntmi 464.621 3.611 74.543 801.035 Excellence Academlc scholarships G12++ Cricket Franchise Arobi¢ Sthool 8,858 812 87,110 9,S87 1,163 12,050 23,652 10,B33 112,263 220,350 6.702 567 12.113 101.271 6.702 85,840 65 463 Ch¥fltsble Artl¥ltbes wholly or p•¥ fvnd•d by r•rtrkned donatlons $84.746 353.942 101.653 IiiAo8 1.151.750 fx vf Lrbdiiyii NOO Fund Raisin8 MCC Dinner Emergency Govefnante &Jpport 34.810 57.41XJ 36.327 15,478 107.B76 36,327 37,205 37.205 7.807 42.534 io. 16.330 117,8901 1108.9961 50.132 Totll txpendhurn 447,OB5 221.793 1,338.567 20IPugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 Chariiabl• Acii¥lUtt. Fund Ratsln& Support Costs Iconiinued) Freel•rKer fteknburne Othef UK Alsama Projert Support Education Go¥ernanre Allocatlon Yotsl 2023 Comparatlve Year Shatila I 147.195 78.389 3.368 447 8,530 8.530 13.705 &176 223.694 136.887 Bourj I Shatlla 2 41.345 0.148 80,(2 14,501 1.321 8,531 9.624 159,626 15.491 Bourj 2 Shared costs 25.520 37 125.5911 £duutlon C•ntr¢s 311,251 6.7•1 5.173 31491 535,697 Excellenet AcademSc stldarsl IL668 12.462 10,535 127.196 G12++ s,sis 72.155 4,349 161 671 Cricket &102 Ch•rltabl• Arfl¥ltl•s wholty or p•rtly lund•d bv r•rtrf¢t•d donatlom 3N921 245321 42.0 685Wi FX of Lebanon NGO Fund Ralsini Governance 3.5SI 3.109 3,551 83,057 15,350 59, 8.856 3.142 S,290 112,3561 134,9921 Support 6.89) 24.960 Total •xp*rtdltur• 411.162 772.499 2024 2023 Lebanese NGO Audit UK IndependeThi Examination UK Audlt 3.500 7.289 7SO UKActounts L264 70 Legal Advitè 1,567 17.89D 12.356 Audlioes remuneratlon The auditor's remuneraiion con5iStsof an alit fee of E6,75012023.- £Nl1 l. In addition. non audit fees of £1,26412023.. £7.2891 were pald to the Hrrn of audffiors lor the provlslon of accountancy seThices12023= provislon ol UK lThdependent èxarninatitinl. 211Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 Chafftabl• A¢thTkl•s. Fund 5uppon and Go¥ffiiaK• Costs Icontthuod) 2024 2023 Support Costs Bank charges 5upporr siaff Re1reshNntS, team builds Office rental Transport Office c05t5 Le8al Fees Accouniancy lees Forel8n e¥than8e 11.203 51.$71 7,547 6,890 7,018 10.767 22,164 2.991 1922 8,413 IM996 34,992 1024 2023 The net movement in lunds Is stated aftr ¢haf8ln¢redl1lrtlI. Fee5 payable tor ihe audtt ol the charW5 flnandal Stalent$ 6,750 4750 Truste•s None olthe tru••fe lor 4Th¥ p¢rsofis ¢MThe¢t¢d V•ith theml r¢eeived remuTh¢r4ion or IKnefft Irom th¢ th•ty duriThg the year Durtn8 the year. expenss totall1 E63512023.. ENill worn rdmburstd to I tru5t•¢. Ernpl09 The charliable comp•ny doN not employ any UK stsff. The te•chers and coaches contrarted by the UK chadty •re p•ld •$ freelancers. The average number ol freelancers is 13012023- 1031, no freelancer was pald more than $76,68012023., $74.580I1£60.C at •vera8e exchan8e rate 1.278 and 1.243 respettivelvl. 2024 2023 Inierntity accouni th Alsam• Proiea Inc Islster f4GO re¢lstered In U) Capital K$ Cikkei Inter-entity account Al Sama Project Sundry Debtors 660.231 3.038 67.191 363,232 17,023 9,471 6,365 730.461 396,091 221Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 CrndkO. amounis fallln8 du• wiihln on• y•ar 2024 2023 Embromlery Cooperatbve-"A15ama Studio" Accruals 7.050 ,481 19.518 7.257 25531 26,775 io. Mryrtrnent sn funds Atljan 2024 In¢omh¥ Trnnsf•r5 At 31 Dec 2024 2024 Current Year Restrkned Funds: Educaiion Cer¢ires Elcellenie Academlc 5¢hol•rsNp'. G12++ Cricket Franchise 187,125 6n,$39 IW2.9171 110,8331 1112.2631 1220,3511 16,7021 107,210 10,833 169,956 123.579 75,431 11,316 14.952 129.968 6.702 Toi•l rnstrkt•d fvnth 201?7 877,548 11.153.066} 254.713 181.272 Unrestrfrt•d funds: General fund5 S.291 754.441 1185.5011 1254.7131 111.3631 1,103.157 Tot•1 yfirtstY*t•d rAM)292 754,441 IW.XII) 1154.7131 111.363) 1.103,157 TOTAI FUt40S LfX)2.369 1.631.990 11338.5671 111.363} 1.284,429 2023 Comparatlve Year FX AtJIDe 2013 20Z3 A•5trk1 Funds: Education Cerntres 205.429 6.039 374,247 1535.6971 112.4621 110.5351 1127.1961 143.146 2.618 10,535 13,314 187,125 Excellenie Academlc 5cholarsNps G1244 Cricket 9.750 119,074 14,952 Tot•1 reStrItt Iuhds 221218 497.126 I68591) 169.624 202.077 Unrestrfrted fvnds: General funds 511.366 516.491 186.6081 1169.6241 28,667 ),292 Total unrestrkted fid$ 511J66 516N91 1169.614) 28.667 8IXI39Z TOTAi FUNDS 7314 JX113.617 17nA991 28M7 I,(369 231Pugc
ALSAMA PROJECT Notes to the Flnan£lal St•t¢m•n Year errfed 31 Decernljef 2024 io. Mo¥•m•nf In fvnds IConilnu•dl Ilame of re5trkt•d fund d*5tt5pflon. nafurtt and purpoms olthe lund Educatlon Cenire5 To fund the f¢)ur educatlon centres for out-of-5th001 refugee ieenager5 Excellence academK To fund siudents io attend iniernational schools and colleges scholarship G12++ Cricket Franchise To lund sttthnts obtainln8 an access1b qualtfi(akn To fund cricket hubs prowding cricket trainsng To lund replicatin8 Alsorna educational Success on a 8lobal scale ii. Rotsted partytransxiions Somé donais1)ns to Alsama Proltcts art paKI vla Capftal Kids Crickèt ICKCI a UX Charity ol whtth Richard Verity Is a trustee. The balance shown rèprtsénts thè balartè of monoes by CXC that are ytt to be rÈmittÈd to Alsarna Project. ANI1% ol dnI In fvnds The charity had no materlal debt durln¢ ihe year. 241Pugc