## **Reseed** Annual Accounts for the period 1[st] Jan 2025 to 31[st] Dec 2025 Charity Commission Registration Number 1197149 20 Stanley Avenue, Beckenham, Kent BR3 6PX https://reseed.org.uk Lauren Campbell Chair of Board of Trustees 03 / 03 / 2026 Approved by the Trustees on Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 ## **Independent examiner's report on the accounts** |**Section A**
**Independent Examiner’s Report**|**Section A**
**Independent Examiner’s Report**| |---|---| |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|RESEED
31/12/2025
**Charity no**
**(if any)**
1197149
N/A
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended **31 / 12 / 2025**.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).| I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. - **Independent** I have completed my examination. I confirm that no material matters have - **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I 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 accounts to be reached. - _Please delete the words in the brackets if they do not apply._ |**Signed:**||01/03/2026
X
Jack Birch
Jack Birch
ACMA CGMA
Signed by: jack.birch4@baesystems.com|**Date:**|01/03/2026| |---|---|---|---|---| 1 **Oct 2018** **IER** Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 **Name:** JACK NICHOLAS BIRCH **Relevant professional** Jack Nicholas Birch (ACMA CGMA), (1-26C4U4X CIMA ID). **qualification(s) or body (if any): Address:** #06-235, 991B Buangkok Link, Buangkok, Singapore, 532991. **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 2 **IER** **Oct 2018** Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 **Give here brief details of** N/A. **any items that the examiner wishes to disclose** . 3 **IER** **Oct 2018** Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 ## **Reseed** ## **Charity Commission for England and Wales, No. 1197149 Balance Sheet - Detail** ## **As at December 31, 2025** |_Current Assets_|| |---|---| |Debtors|-8| |Cash At Bank And In Hand|48,244| |_Creditors_|| |Other Creditors|-424| |**Net Assets**|**47,812**| |_Funds & Reserves_|| |Restricted Funds|16,019| |Unrestricted Designated Funds|4,069| |Unrestricted General Funds|27,724| |**Funds Provided**|**47,812**| Page 1 of 1 Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 09-Jan-2026 10:10 ## **Statement of Financial Activities** Prepared for Reseed: 1/1/2025 to 31/12/2025 (compared with 1/1/2024 to 31/12/2024)* ||**Unrestricted**|**Restricted**|**Total**|**_Prior Total*_**| |---|---|---|---|---| |Donations and Legacies|68,238|67,329|**135,567**|_97,998_| |Investments|205||**205**|_148_| |Other Incoming Resources||||_2,588_| |**Total income and endowments**|**68,443**|**67,329**|**135,772**|**_100,733_**| |Raising Funds|218||**218**|_3,269_| |Charitable Activities|36,847|87,803|**124,650**|_87,680_| |**Total expenditure**|**37,066**|**87,803**|**124,869**|**_90,949_**| |Net income/(expenditure) before investment|31,378|-20,475|**10,903**|_9,784_| |gains/(losses)||||| |Net gains/(losses) on investments||||| |Net income/(expenditure)|31,378|-20,475|**10,903**|_9,784_| |Exceptional items||||| |Transfers between funds||||| |Gains(losses) on revaluation of fixed assets for||||| |charity's own use||||| |Other gains(losses)||||| |**Net movement in funds**|**31,378**|**-20,475**|**10,903**|**_9,784_**| |_Total funds brought forward_|_415_|_36,494_|**_36,909_**|_27,125_| |||||| |**Total funds carried forward**|**31,793**|**16,019**|**47,812**|**_36,909_**| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1Page 1 of 1 01-Mar-2026 15:21 # **Trustees’ Annual Report for the period** ## **Period start date from: 1[st] Jan 2025 to 31[st] Dec 2025** ## **Charity name: RESEED Charity registration number: 1197149** ## **Objectives and Activities** |||**Objectives and Activities**| |---|---|---| ||SORP
reference|| |Summary of the
purposes of the charity
as set out in its
governing document|Para 1.17|The relief of poverty by supporting sustainable livelihoods
programmes in Sierra Leone.| |
Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.|Para 1.17
and 1.19|Our principal activities focus on raising funds to support and give
grants to our partner, Reseed Sierra Leone (RSL), to implement
planned sustainable livelihoods programmes in Sierra Leone.
Sustainable livelihoods can encompass many paths of support, our
activities in 2025 focused on three main pillars in urban and rural
settings in Sierra Leone: Microfinance (also called ‘Access to
Finance’), Agriculture, Up-skilling & Employability.
We believe that, by creating sustainable employment and
empowering individuals and communities to reach financial stability,
we can lift thousands of people out of poverty.
We work with a local team embedded within communities in Sierra
Leone to deliver economic empowerment projects. As the
organisation has grown in size [and positive reputation!] and due to
our strong partnership with RSL including Reseed representatives on
the ground, we have growing opportunities to be involved in the local
community development and related, holistic development activities.| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|In planning our activities for the year, we continued to keep in mind
the Charity Commission’s guidance on public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|We have no plans at present to make grants from our own funds to
anyone else other than to our dedicated local partner team
embedded in Sierra Leone, Reseed Sierra Leone| |||| |||| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 |Policy on social
investment including
program related
investment|Para 1.38|As indicated above, our Policy on Social Investment is key to all our
activities in Sierra Leone, focussing on Microfinance/Access to
Finance, Agriculture, Up-skilling and Employability| |---|---|---| |Contribution made by
volunteers|Para 1.38|We have a small team of Volunteers in the UK assisting with
managing all the finance, governance and admin issues required of a
registered charity. We are very grateful for their efforts and expertise.| |Other||**N/A**| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to
society as a whole.|Para 1.20|**Partnerships**
2025 has seen the success of partnering with Prosper
(https://www.prosp-er.org/, UK Charity Number:1205480) to deliver
bespoke business skills training and the establishment of 44 savings
banks and the participation of >1500 women in rural communities
across Marampa, Koya and Romende Chiefdoms.
One of Reseed’s key objectives is to support our implementation
partner on the ground - Reseed Sierra Leone ‘RSL’ - with capacity
building. This includes supporting RSL to be able to secure
partnerships and funding from other organisations, with the aim to
hand-over any developing partnership and funding when the
programme implementation and relationship has matured. For our
work with Prosper, we are delighted this has now been achieved with
a full contract in place for 2026 for Prosper to continue to implement
their project directly with RSL.
**Access to finance (Microfinance)**
Our flagship programme remains our largest programme,
predominantly supporting women to start, grow or diversify their
small businesses. 2025 saw two microfinance support cycles in May
and also December. As this programme matures, we have given
repeating support to some women who show particular initiative and
engagement.
At the same time, we have seen the reflection of the global inflation
and cost of living creep its way into the likelihood of business
success here in Sierra Leone. Known and trusted beneficiaries were
granted microfinance business loan repayment extensions in an
effort to acknowledge the cost of living and related wider issues
impacting their business success and how that impacts their day to
day expenses and life costs. Compounding factors included the
Mpox outbreak and an unusually extended rainy season. These
factors were thoroughly reviewed with the field team and led to the
decision to disburse in December and restructure the loan giving
timelines as we look into 2026 programme plans.
Despite these challenges, in May we managed to disburse 61
individual and 17 group business loans, 47 loans were repeat
beneficiaries ie. granted to existing beneficiaries from the previous
disbursement who show strong potential to further grow their| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 businesses. 8 persons with disabilities or caregivers of disabled were supported. In December; 64 individual and 29 group loans of which 42 loans are to newly identified individuals and groups, 51 loans were repeat beneficiaries who ‘graduated’ to qualify to borrow again. 12 persons with disabilities or caregivers of disabled were supported.The total 46 group loans over both disbursements captures 122 individuals. The rate of interest on the microfinance loans remains between 4-6% depending on the level/amount given. Group loans continue to act as a solution for those with no formal banking abilities or collateral to access finance to start, grow or diversify their small business. The field team know their individual case loads well, visiting beneficiaries at least every two weeks and continuing to share business advice and suggestions, especially encouraging savings and the separation of business and personal money. **Agriculture** Focused on supporting livelihoods in rural communities, the pilot of this programme started back in 2023 in six communities. The programme has three pillars which complement each other to support farmers to move from subsistence farming to being able to trade at market, earning essential income for themselves and their families. Firstly farmers receive seeds of their choice, including essential advice and support from our agriculture programme manager, secondly we support the community to establish or refurbish a community seedbank, and thirdly we deliver community compost training and tools. Benefits are multifaceted - social, economic and environmental. Farming and related processes take time and therefore outcomes have always been challenging for us to report. Qualitative data, predominantly beneficiary interviews, showed us that when farmers generate income they sought and accomplished three main life improvements: their families ate twice a day, more or all of their children went to school, and they were able to access medical care. Harder to capture with limited resources and limited quantitative data but reported in the interviews, farmers started to see improved soil quality, increased yields/crop success rates and reported decreased ‘slash and burn’ practices. 2025 saw us securing two grants for this programme, allowing us to implement seed distribution and seedbank renovations across eight (8) communities. 275 farmers over the eight farming groups were directly supported and we estimate a minimum of 1,375 indirect beneficiaries - family and dependants of the farmers - have benefited from the farmers generating income through farming. Additionally we delivered community compost tools and workshops across fourteen (14) communities. A total of 657 community members (251 male, 406 female) attended the two day induction workshops and the tools were added to the community seedbank. We observed the compost was met most enthusiastically by the female farmers who tend to have smaller plots of vegetables - cucumber, pepper, okra, opposed to the male farmers who tend to - have large fields of crops rice, maize. This observation also reflects Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 with the seed choices the different farmers and groups made which suited their land type and individual farming choices. **Up-skilling & Employability** June 2025 saw three young people finish their studies at two local vocational institutions, with their graduation ceremonies held in December. Two students progressed/continued to another academic year of vocational learning, exceptionally both young women are graded at the top of their class as they enter their final year. November saw five young people awarded support to start vocational education, 3 on full scholarships and 2 on partial scholarships. Additionally we identified 2 high achieving female students at risk of dropping out due to challenging family financial situations. Both received partial course support to progress to ensure they could continue to their second year of vocational qualifications. Of the total nine in current attendance, there are 4 female and 5 male students. Subjects pursued include electrical engineering, computer science, mechanical engineering, welding, teaching and catering. **Bike Shops** The main activity in 2025 across five established bike shops was a capital based investment giving bikes on credit to eight mechanics to enable the mechanics and shops to sell more bikes and generate profit beyond the income they generate daily as mechanics. The minimal repayment obligation was simply then reinvested in the programme fund and is planned to be used to deliver more mechanics training in 2026. The Kabala bike shop is the greatest success of this programme with bike sales and repairs now expanding into Diang Chiefdom. The shop has one apprentice regularly on the move to the rural villages and four regularly in the shop. In 2025 two mechanics workshops (Kono and Lunsar) supported 22 apprentices to develop their skills. **MPox Response** Outside of our regular programmes, May saw the outbreak of MPox in West Africa escalate in Lunsar and Marampa Chiefdom. Embedded in the community, trusted and reputable, we jumped to respond. We joined with the hospital, rural public health centres, schools and local stakeholders to distribute information and hand washing stations across Lunsar town and the surrounding villages. Simple information sharing and basic resources can make all the difference and is low cost and effective - encouraging prevention via handwashing and sharing contextually relevant education such as identifying symptoms is critical to slow the infection rate. Activities included training 60 volunteers and distribution of over 600 posters, distributing 115 handwash stations to schools and community hubs, and 40 story telling drama performances in schools and the community. Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|As set out in detail above| |Performance of
fundraising activities
against objectives set|Para 1.41|We continue to rely on regular and one off donations from our loyal
band of supporters, plus support for our Bike Shops programme via
social events held by Bigfoot CC.
We also apply to Trust & Foundations offering support for our key
aims and will continue to do so in 2026. We thank those who gave
grants to assist in our work as detailed above.| |Investment performance
against objectives|Para 1.41|**N/A**| |Other||**N/A**| |||| ## **Financial Review** |**Review of the charity’s**
**financial position at**
**the end of the period**|**Para 1.21**|During 2025 we have increased our regular donor numbers to 52
(from 45) plus other supporters donating as and when, combined with
restricted funds from Trusts and Foundations applications giving
some diversity of our cashflow.
The debtor ratio from our Micro-finance projects continues to be
manageable meaning the amount of funds available for recycling
back into the project on the ground is steady plus we then can add
more when available, hence we can support more people.
Our increased cashflow has meant we have been able to increase
our cash reserves during 2025 to £21,400 which brings us well within
reach of our ultimate target of £26,000 to provide greater security for
our employees and potential funders alike.
With the double benefit of the increase in our turnover for 2025 being
in excess of £100k, and now having 3 years trading accounts, we are
now able to apply to more potential Grant Funders where such
requirements are fundamental.| |---|---|---| |**Statement explaining**
**the policy for holding**
**reserves stating why**
**they are held**|**Para 1.22**|As a charity with very low running costs in order to focus all our
efforts on working with the people of Sierra Leone, and only entering
our fifth year of operation, we have calculated that the level of cash
reserves required by us to ensure we could meet any winding up
obligations to our employees, plus provide a buffer for unforeseen
circumstances should be the equivalent of three months expenditure
amounting to £26,000 approx based on our likely 2026 budget.| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 |**Amount of reserves**
**held**|**Para 1.22**|As at 31st December 2024 we have £21,400 reserves (up from
£12,778 at 31/12/24) in a designated savings bank account held with
the Co-operative Bank in the UK and are committed to paying a
minimum of £100pm by DDM to this account plus other unrestricted
funds as available following a review at each Trustee board meeting
and at the end of each calendar year.| |---|---|---| |**Reasons for holding**
**zero reserves**|**Para 1.22**|N/A| |**Details of fund**
**materially in deficit**|**Para 1.24**|N/A| |**Explanation of any**
**uncertainties about**
**the charity continuing**
**as a going concern**|**Para 1.23**|N/A| |Additional information (optional)
**You may choose to include further statements where relevant about:**|Additional information (optional)
**You may choose to include further statements where relevant about:**|Additional information (optional)
**You may choose to include further statements where relevant about:**| |---|---|---| |**The charity’s principal**
**sources of funds**
**(including any**
**fundraising)**|**Para 1.47**|Our core funding source remains our many individual
members and supporters who both contribute monthly by
Direct Debit and/or one off contributions.
Such funds attracted Gift Aid from UK taxpayers which we
diligently follow up with HMRC!
The partnership with Prosper was accountable for £38,656 of
our income in 2025.
Grants total from 11 Trusts & Foundations totalling £25,086.
Our Christmas matching campaign in December was
successful with £5000 restricted to the Microfinance
programme and £5000 unrestricted funds raised adding to a
strong end of year. A few of core donors continue to give
generously responding to specific ‘asks’ and acting as our
Angel matching donors.
Core programme finance fundraising overview:
2025
Brought
forward
Income
(restricted/
designated)
Carried
forward
Up-skilling &
Employability
£881
£6500
£4614
Agriculture
£259
£8125
£90
Access to
Finance
£9958
£14,042
£11,972
Bike Shops
£2750
£9189
£3590| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 |**Investment policy and**
**objectives including**
**any social investment**
**policy adopted**|**Para 1.46**|Currently all funds are held in in three cash bank accounts in
the UK which all have good reputations for charity banking:
two with Co-operative Bank and one with Unity Trust Bank| |---|---|---| |**A description of the**
**principal risks facing**
**the charity**|**Para 1.46**|The key risks are mainly out of our direct control relating to
the effects of climate change on the weather within SL and
the possible continuation of MPOX against which we will
continue our actions as set out above.
Operationally we remain largely in control of foreseeable risks
as our aims are clearly defined but we remain alert and
flexible to any unforeseeable events.| |**Other**||N/A| ## **Structure, Governance and Management** |**Description of charity’s**
**trusts:**||| |---|---|---| |Type of governing
document
(trust deed, royal
charter)|Para 1.25|CIO Association (model constitution)| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation (CIO)| |
Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|Trustees are appointed or re-appointed in rotation at each
AGM by the Trustee Board| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Referral to relevant Charity Commission website Trustee
information and other sites such as NVCO etc| |---|---|---| |The charity’s
organisational structure
and any wider network
with which the charity
works|Para 1.51|Sierra Leone based; our COO was based there for 10
months in 2025 working with our implementation partner,
Reseed Sierra Leone on the ground. The RSL team consists
of 16 Sierra Leoneans (up from 13 last year) including 1
Director, 2 Programme Managers, 4 Business Officers, 6
Business Skills facilitators, 1 Office Support and 2
night/weekend Security.
UK based; our COO (for approx 2 months) plus two
Finance/Admin volunteers.| |Relationship with any
related parties|Para 1.51|Reseed Sierra Leone (RSL) is our key on-site
implementation partner.| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 With effect from late 2024 and throughout 2025 we were very happy to sign a partnership Agreement with a very like-minded charitable organisation Prosper www.prosp-er.org looking to utilise our on the ground implementation expertise to deliver their objectives within Sierra Leone which are very similar to ours. Through this partnership, Prosper’s training programs were introduced in the Port Loko District in Northern Sierra Leone. As planned, RUK supported the capacity of the Sierra Leonean team to develop to be able to continue the Prosper Partnership directly as of 1st January 2026. This partnership has successfully been handed over to our Sierra Leonean counterpart on the 31st December 2025. Other Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 ## **Reference and Administrative details** |Charity name|**RESEED**| |---|---| |
Other name the charity uses|**N/A**| |
Registered charity number|**1197149**| |Charity’s principal address|**20 Stanley Avenue**
**BECKENHAM**
**Kent**
**BR3 6PX**| ||| ## **Names of the charity trustees who manage the charity** ||**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**| |---|---|---|---|---|---|---|---| ||||**Trustee name**|**Office (if any)**|**Dates**
**acted if not**
**for whole**
**year**|**Name of**
**person (or**
**body)**
**entitled to**
**appoint**
**trustee (if**
**any)**|| |||**1 **|**Lauren Catherine Campbell**|**Chair of Trustees**|||| |||**2 **|**Donald Rust**||||| |||**3 **|**Daniel Paul Harris**||||| |||**4 **|**Edward Anthony Smythe**||||| – Corporate trustees names of the directors at the date the report was approved **Director name N/A** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets held in this
capacity|**N/A**| |---|---| |Name and objects of the charity on whose
behalf the assets are held and how this falls
within the custodian charity’s objects|**N/A**| |Details of arrangements for safe custody
and segregation of such assets from the
charity’s own assets|**N/A**| Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 **Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser N/A Name of chief executive or names of senior staff members (Optional information)** Roxanne Hargreaves – Chief Operating Officer **Exemptions from disclosure** Reason for non-disclosure of key personnel details **N/A Other optional information N/A** ## **Declarations** **The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s)** Lauren Campbell Eddy Smythe **Full name(s) Position (eg Secretary,** Chair of the Board of Trustees Trustee **Chair, etc) Date** 03 / 03 / 2026 03 / 03 / 2026 Doc ID: 8302973f9cd788315110b5df2966f0c41a494ab1 **----- Start of picture text -----**
Reseed Accounts & Trustee Annual Report 2025
p1._Cover.docx and 4 others
8302973f9cd788315110b5df2966f0c41a494ab1
MM / DD / YYYY
Signed
03 / 03 / 2026 Sent for signature to Eddy Smythe (eddy.smythe999@gmail.com)
15:16:12 UTC and Lauren Campbell (laurencampbell2011@gmail.com) from
roxanne@reseed.org.uk
IP: 102.206.185.103
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