**Company registration number 12637530 (England and Wales) Charity registration number 1194644 (England and Wales)**
# **AFRICAN MOUNTAIN RESEARCH FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr A J E Hickman Mr G D M Thomas Dr T T Magadzire Dr V R Clark **Charity number** 1194644 **Company number** 12637530 **Registered office** Poores Cottage Wilsford Pewsey Wiltshire SN9 6HB **Independent examiner** David Owen & Co 126 High Street Marlborough Wiltshire SN8 1LZ
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 14|
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
The trustees present their annual report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The charity's objects are the preservation, conservation and restoration of the environment, with regard to the protection of vulnerable mountain systems in Southern Africa (Angola, Botswana, Lesotho, Madagascar, Malawi, Mozambique, Namibia, South Africa, Zambia, Zimbabwe) and their ability to provide water catchment services to millions of people. The policies adopted in furtherance of these objects are:
1. Purchasing, installing and maintaining international standard scientific equipment and research infrastructure to enable long-term social-ecological research and data collection;
2. Using this data to improve sustainable mountain development policy-making and conservation programmes at national and regional levels;
3. Supporting growth of the community of practice of mountain scientists in Southern Africa.
There has been no change in these during the year.
The trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011 in deciding what activities the charity should undertake.
## **Achievements and performance**
The Charity's activities within each area during the year and up to the date of signing this report have been as follows:
1) Purchasing, installing and maintaining international standard scientific equipment and research infrastructure to - enable long term social ecological research and data collection.
- The trustees pitched plans to high net worth individuals, UK and African corporates and raised £38,318 including Gift Aid (2024 - £39,573) during the year to 30 June 2025.
- The charity collaborated with the University of Free State’s Afromontane Research Unit and successfully repaired and serviced 5 automatic weather stations in the Maloti – Drakensberg Mountains. We replaced batteries, sensors and modems got them up to our standards and enabled the stations to get up and running and added them to our network of 10 stations.
- The charity built 5 new data portals and made the data available on our website and also on the universities website too.
- The charity collaborated with the Mount Mulanje Conservation Trust (with whom we have an MOU) to establish our second Field Research Centre on Mount Mulanje. The Research Centre consists of one timber framed structure located at an elevation of 1,890 metres. All building materials have had to be manually transported to the summit—through driving wind and rain. Once completed, the facility will serve as a base for scientists conducting high-altitude fieldwork and ecological monitoring. It will enable extended stays on the mountain and provide secure, weatherproof storage for research equipment and also samples.
_The research centre on Mount Mulanje before the roof is put on._
- 1 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
2) Generating data which can be collected and distributed to interested parties to ultimately improve sustainable - mountain development policy making and conservation programmes at national and regional levels.
The data that our weather stations generate is uploaded automatically to the portal. Here you can see air temperature, wind speed and direction, atmospheric pressure, humidity, rainfall and evaporation. The information updates every two minutes. The historical data is also available to download - a set of hourly or daily figures.
## _Our Witsieshoek Weather Station Portal_
AMRF's data will illuminate how climate change is degrading the vital mountain systems of the semi-arid SADC region. It is available on an open access basis to interested parties including national governments and meteorological offices, UNESCO, universities from across the SADC and the rest of the world and international research organisations.
Users of our data include:
The charity collaborates with the national meteorological agencies of South Africa, Zimbabwe, Lesotho and Malawi; our data feeds into their ‘nowcasting’ and early warning systems.
New international users of our data include **Cornell University** in the US, which supports a Malawi-based project on climate adaptation, and the **University of Santa Barbara’s Climate Hazard Centre** CHIRPS data set (Climate Hazards Group InfraRed Precipitation with Station data), formerly an USAID Funded project which was developed to create reliable rainfall data to help with drought monitoring and early warning systems.
- 2 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
Here in the UK our data is contributing to several university projects including an **Oxford University’s** School of Geography and the Environment project looking at movements of water vapour from the Congo basin into southern Africa. At **Exeter University** , our data is being used to understand atmospheric processes in southern African mountains; at the **University of Reading** , our data is helping assess how well convection-permitting models capture tropical cyclone rainfall, helping future flood risk assessments and climate adaptation. We provide our data to universities in the region for various different projects at the **University of Cape Town** , the **University of the Free State** , **University of KwaZulu Natal** , **University of Zimbabwe, University of Africa** in Mutare, and **Malawi’s University of Science and Technology** . The UK **Met Office** ’s World Observation Website (WOW) uses our data to monitor and forecast extreme weather including heavy rain, floods, and droughts.
The charity provides its data to conservation bodies and NGOs including **Mount Mulanje Conservation Trust** which operates a ‘Fire Danger Index’ to monitor and mitigate the impact of wildfires on Mount Mulanje, they also use our rainfall data to monitor drought patterns and measure river water levels; **Bio Africa** which is modelling the effects of nonnative trees on river-flows in South Africa; **ZimParks** use our data to monitor species density and assess if shifts in weather patterns correspond with changes in predator populations; the Zimbabwe-based **Tikki Hywood Foundation** use our data to assess how rainfall patterns have affected the numbers and movement of pangolin predators; the **PeaceParks Foundation** in Malawi uses our data to help their poaching prevention activities; **Water for People** uses our data to assess how water infrastructure in Malawi is impacted by changing rainfall patterns; and the **Botanical Gardens Conservation International** which use our data to assess the optimal climatic conditions to plant new saplings of the critically Mount Mulanje Cedar tree. We also provide our data to global weather platforms including **Tomorrow.io** , **Digital Earth Africa** , and **Synoptic Data** which is the largest global repository of weather and environmental data.
3) Supporting the growth of the community of practice of mountain scientists across Southern Africa.
- The charity organised and hosted our second conference SAMC2025 (Southern African Mountain Conference) in the Drakensberg Mountains, South Africa (March 16-21st 2025) which brought together 313 delegates from 22 countries, including representatives from 10 African nations and most SADC member states. The 2025 conference, themed "Overcoming Boundaries and Barriers," focused on fostering regional and international collaboration, addressing environmental and policy challenges in mountain regions. SAMC2025 provided an important platform for strengthening transboundary cooperation at local, national, and regional levels, with discussions focused on bridging gaps between science, policy, and practice — all through a mountain-specific lens. The conference attracted high-level participation from across the continent and beyond, including Ambassadors, Royal Houses, the SADC Secretariat, and the United Nations, and featured sessions on biodiversity, transboundary water governance, and the proposed SADC Mountain Treaty, culminating in the first-ever Royal Mountain Indaba. Supporting the next generation was a key priority, with an Early Career Summit, hands-on workshops, and awards for outstanding postgraduate research, including travel grants for top Doctoral presenters to attend international conferences. With 249 presentations, keynote speeches, book launches, a film premiere, and a gala dinner featuring the Drakensberg Boys Choir and mountaineer Saray Khumalo, the conference was an inspiring occasion.
- Building on our Memorandum of Understandings with the Afromontane Research Unit (ARU) at the University of the Free State, Planet Labs and the Trans African Hydro Meteorological Observatory (TAHMO) last year, this year we signed an MOU with The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) which is an independent intergovernmental organization, headquartered in Accra, Ghana, for countries most threatened by climate change. It is composed of leaders representing 68 country members from Africa, Asia, the Caribbean, Latin America, Middle East and the Pacific and represents 1.74 billion people worldwide.
- The charity worked closely with strategic partners in South Africa to help make the servicing and integration of five new Automatic Weather Stations (AWS) possible. This included The Afromontane Research Unit at the University of Free State, Campbell Science Africa who provided all the hydro meteorological equipment and Aquamet Technical Installation who did the servicing and installation.
- The charity were invited to attend the WISER ActionFirst Conference (Weather and Climate Information Services for Africa) in Pretoria in January 2025 hosted by the UK Met Office, South African Weather Service, World Meteorological Organization and the Foreign and Commonwealth Development Office. The theme was Impact-Based Forecasting and Weather Warning Services in Southern Africa. We were invited to pitch about the work that we are doing and had meetings with representatives from the Met Offices in most of the SADC countries.
- 3 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## 4) Miscellaneous
- In June 2024 we updated our website. You can now access the data from our Zimbabwe, Malawian and South African data portals directly from our website. The updated website can be viewed here. www.africanmountainresearch.com
- The charity raised awareness and briefed government and business leaders in the UK about the lack of climate data available in the Southern African Mountains. Continued publicising progress on LinkedIn via our page here. Gained 150 followers and continued publicising our work on instagram (African_mountain_research) with 113 followers.
## **Financial review**
The charity has total reserves of £52,013 (2024 - £49,724) of which £17,228 are free reserves at 30 June 2025. The trustees will keep the level of reserves held by the charity under review.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level sufficient to ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a company limited by guarantee and was given charitable status on 1 June 2020.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr A J E Hickman Mr G D M Thomas Dr T T Magadzire Dr V R Clark
New trustees are appointed by the current trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
Mr A J E Hickman
## **Trustee**
27 February 2026
- 4 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF AFRICAN MOUNTAIN RESEARCH FOUNDATION**
We report to the trustees on my examination of the financial statements of African Mountain Research Foundation (the charity) for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied ourselves that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, we report in respect of our examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
We have no concerns and have come across no other matters 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.
## **David Owen & Co**
126 High Street Marlborough Wiltshire SN8 1LZ 27 February 2026
- 5 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JUNE 2025**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|38,318|39,573|
|**Total income**||38,318|39,573|
|**Expenditure on:**||||
|Charitable activities|**3**|36,029|37,975|
|**Total expenditure**||36,029|37,975|
|**Net income and movement in funds**||2,289|1,598|
|**Reconciliation of funds:**||||
|Fund balances at 1 July 2024||49,724|48,126|
|**Fund balances at 30 June 2025**||52,013|49,724|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 30 JUNE 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Unrestricted funds
**13**|**2025**
**£**
1,085
18,396
19,481
(2,253)|**£**
34,785
17,228
52,013
52,013
52,013|**2024**
**£**
-
11,858
11,858
(1,683)|**£**
39,549
10,175|
|---|---|---|---|---|
|||||49,724|
|||||49,724|
|||||49,724|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with FRS 102 Section 1A.
The financial statements were approved by the trustees on 27 February 2026
Mr A J E Hickman
**Trustee**
- 7 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
## **Charity information**
African Mountain Research Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Poores Cottage, Pewsey, Wiltshire, SN9 6HB. Poores Cottage, Wilsford, Pewsey, Wiltshire, SN9 6HB.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future.
## **1.2 Charitable funds**
- Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.3 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 10 years Computers 33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.6 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|38,318|39,573|
- 10 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **3 Charitable activities**
||||||||**Charitable**|
**Charitable**|
|---|---|---|---|---|---|---|---|---|
||||||||**Expenditure**|**Expenditure**|
||||||||**2025**|**2024**|
||||||||**£**|**£**|
||Depreciation and impairment||||||4,764|4,764|
||Travelling||||||2,091|1,353|
||Site maintenance and security|costs|||||3,521|3,399|
||Research and research contributions||||||6,247|5,207|
||||||||16,623|14,723|
||Share of support costs (see note 4)||||||16,015|18,463|
||Share of governance costs (see note||4)||||3,391|4,789|
||||||||36,029|37,975|
|**4**|**Support costs**||||||||
|||**Support**||
**Governance**|**2025**Support costs||Governance|2024|
|||**costs**||**costs**|||costs||
||||**£**|**£**|**£**|£|£|£|
||Staff costs|14,645||-|14,645|14,645|-|14,645|
||Depreciation||-|-|-|194|-|194|
||Administration costs|1,370||-|1,370|3,624|-|3,624|
||Accountancy||-|2,372|2,372|-|2,282|2,282|
||Bank charges||-|215|215|-|260|260|
||Insurance||-|804|804|-|2,247|2,247|
|||16,015||3,391|19,406|18,463|4,789|23,252|
||Analysed between||||||||
||Charitable activities|16,015||3,391|19,406|18,463|4,789|23,252|
|**5**|**Net movement in funds**||||||**2025**|**2024**|
||||||||**£**|**£**|
||The net movement in funds is stated||after charging/(crediting):||||||
||Fees payable for the independent examination of the charity's financial||||||||
||statements||||||2,372|2,281|
||Depreciation of owned tangible fixed||assets||||4,764|4,958|
- 11 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **6 Trustees**
Employment costs relate to payments made to Mrs C Hickman, wife of the main trustee, for her services to the charity.
No other trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **7 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||1|1|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|14,400|14,400|
|Other pension costs|245|245|
||14,645|14,645|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
## **8 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 12 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2025**_
|**9**
**Tangible fixed assets**
**Plant and**
**equipment**
**Computers**
**£**
**£**
**Cost**
At 1 July 2024
47,631
583
At 30 June 2025
47,631
583
**Depreciation and impairment**
At 1 July 2024
8,082
583
Depreciation charged in the year
4,764
-
At 30 June 2025
12,846
583
**Carrying amount**
At 30 June 2025
34,785
-
At 30 June 2024
39,549
-
**10**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
1,085
**11**
**Creditors: amounts falling due within one year**
**2025**
**£**
Other taxation and social security
175
Accruals and deferred income
2,078
2,253
**12**
**Retirement benefit schemes**
**2025**
**Defined contribution schemes**
**£**
Charge to profit or loss in respect of defined contribution schemes
245|**Total**
**£**
48,214|
|---|---|
||48,214|
||8,665
4,764|
||13,429|
||34,785|
||39,549|
||**2024**
**£**
-|
||**2024**
**£**
97
1,586|
||1,683|
||**2024**
**£**
245|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 13 -
## **AFRICAN MOUNTAIN RESEARCH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **13 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 July 2024**|**Incoming**|**Resources**|**At 30 June**|
|---|---|---|---|---|
|||**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|General funds|49,724|38,318|(36,029)|52,013|
|**Previous year:**|**At 1 July 2023**|**Incoming**|**Resources**|**At 30 June**|
|||**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|48,126|39,573|(37,975)|49,724|
## **14 Related party transactions**
There were no disclosable related party transactions during the year other than those already included in note 6.
- 14 -