KASA rc)I INI)ATII) 7.IM15AAWI. RASA SCHOOLS FOUNDATION ZIMBABWE ANNUAL REPORT AND ACCOUNTS Year ended l December 2024 ASA SQ-FIL)Q)I.S FOI INIJATION /IMnABWf. Contents REFERENCE ANT) ADMTNISTRATtVE TNFORMATION...................................... . REPORT OF THE TRUSTEES FOR THE YEAR END￿G I DECEMBER 2024.. AIMS AND OBJECTIVES............................................. RE.VIEW OF ACTIVITIES AND ACHIEVEMENTS... F[￿uRE PLANS........................................................... OUR FtNANCF.S................................................................................................................................................................. TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FfNANCIAL STATEMENTS..................................... ..... STATEMENT OF FINANCIAL A￿1VITIEs FOR THE YEAR ENDED 1ST DECEMBER 2024....... BALANCE SHEET AS AT 1ST DECEMBER 2024....... NOTES TO THE ACCo￿S.................................... ............ . FC)IJNt)Al-IC)N 71hi￿￿￿wE. REFERENCE AND ADMINISTRATIVE INFORMATION CHARfTY NAME Rasa khools Foundation DIREcfoRS V Reld V M Chagonda E Reid CHARITY REGISTRATION NUMBER 06245947 REGISTERED OFFICE 9 Fune Vlew Chorteywood United Kintdom WD3 5HT BANKERS BarclJy5 Bank CHAIR O Adesakin RASA SC.14(JOI.S FI)IINI)ATI()N /.IMAAAWE REPORT OF THE TRUSTEES FOR THE YEAR ENDING I DECEMBER 2024 The trU￿et$ of The Rasa Schools Foundation preseni their annual report for the year ended l December 2024 and confirm they comply with the requirements of the CharFtie5 Art 2011. the trust deed and the Charities SORP IFRS 1021. AIMS AND OBJECTIVES All young people in the Rasa area deserve to Ilve a bettw Ilfe. We provlde opportunlties fortommunltles In the Rasa area. We strl¥e to create a better world for those less fortunate, and we thank all of you for helplng us to achieve that. Ebenezer Primary Sthotsl is a local school in Rasa TownshSp in Masvln80 ￿"Mbabwe, that educates chlldren from five to eleven years. It provldes valuable education for all the local children in the community. The current average journey to school Is two kllometres and it will increase to at least five to ten kilometres for a Single journey if facilitles arè not restored. Our Mission We are a Tron-profit or8anisation dedicated to helpine children and tommunitiès In thè Rasa arta of Gutu. Zlmbabwe, reath theor full poiential. Our mSsslon Is to enablethem io learn In order to fulfll thelr dreams and ambition5. Our Focu5 We alm to empower the chlldren and communltles of Rasa through educatlon and opportunlty. Charitable Objectives Our prlmary objective5 are to provide supportto the Ebenezer School In Gutu, Masvlngo. Zirnbobwe. whlth was dtstroyed by a violent 5torrn in 2022. The damage was extensive and devastating.. Classrooms and homes had their roofs blown ofl, irreparable water damage to the children's books,furniture and personal belon8in85 of the teacher5. The horrifying result IS that children have nowhere to learn and the teachers havt no homes. Furthemorè. thè Chaflty alms to modemlse the 5ehool, building and equipplng necessary lacilities including a library and ICT centre. What the lund5 wlll do Restore damaged buildinis and build and equlp additional fa¢ilities at the school In¢ludlng a Ilbrary and solar powered I￿ centre. Future Objectives The vlslon Is to contlnually Invest Ebeneier School and other schools In the Rasa rewon to rebulld them a5 plllars of thrivin8 communities. Our lon8-term objectives include: installin8 solar panels to providt electricity., 8ulldln8 a fully equipped compuler lab for ICT learnin8. Our hope is that Ebeneier school will bè the beacon ol ICT for all the other primary schoo15 In the Rasa Area- and Drilling a borehole for the school. as currentlythe children must walk a lon8 way to fetch essentsal water. Educatlon Health Communlty By 3020 txir •im 15 to ¢t)SuwÈ that th• toundJfions ol edUc￿tIon or* provid￿￿ to help pieparo youn& peopleforthe hall¢n8es of the 21st ceniury. wel￿nt loempowÈrthè local (Ommunityto tèketswneyship tsfthe proArrtSaild mairnt*nat)ce of these s(IM￿ls. bN* holesaswellassanitation. KASA 5L14C)()I.S FciiINf)ATI(IN /.IMIIABWI. REVIEW OF ACTIVITIES AND ACHIEVEMENTS Fundraising activities Durtng the year. the Charlty ralsed a total Inc¢)me £9.9W through varlous fundra151ng 3Ctivltles and donatlons. Below Is summary of key fundiaising activities held: Chorleywood rnuslc nl8ht In March 2024. the Ch3Tlty htld a musi¢ nieht In support of the ia London Half Marathon partlcipants raislng c£3,800. Tickets were sold at £25 which Included a light meal and entertalnment. Additional funds were raised on the day from raffle ticket sales and an auction ol various itern5 donated by our charity partners. Funds ralsed from the Ball went towards the charity's main 2024 projett, building a computer centre at the school. 2024 London landmarks Hall Marathon Durin8 the year, 13 slJPPOrters ran the Landmarks Half Marathon on behalf of the charity. ralsin8 over £5,500 through indlvidual fundrais5n8 pages and matched employer donatlons. The ¢unds have been direrted towards ihè constructSon of a new school library and ICT centre. pro￿￿1￿6 long-term benefits for students and supporting the Charl￿$ educational mlss10n. Th••tr• perform4ftce ¥nd don•t5ons Frlends of the Charlty Staged a theatre performance whlch ralsed £430. In addrtlon, throughout the year, the Charlty received donations both from O18anisations and individuals. Majoriry of thi5 was received through online platforms such as GoFundMe and JuslGivin8. Achievements In May 2024, the Charity commenced constructlon of the Icfcentre and Llbrary. The bulldlng constructlon is pro8re$5in8 well. We are now at the sla4e of in51allln8wbn0ow5 and completlng Interlor ffttting5. FUTURE PLANS The Trustees Intend to contlnue their cuffeni stfaiegies of bullding and provlng Ebenezer School. The Charlty Is looklng to raise additional funds in 2025 and 2026 to complete the con5tTUCtion of the IU centre and library. A musit night Ss stheduled to take place In Q4 of 202S. OUR FINANCES The financlal Statements show net Incomln8 resources forthe year oft fiJndralsln8 activities of £9,99012023.. £3,162). The principal source of income is funds fundraising artivttie5 detailed abovè. The Trustees arè continulng thelr strate8Y of deploying all net incoming resources to t￿lIdIng facilities for Ebeneier School. At year end the Foundation held General Funds of £191 after spending majority of the fund5 building the ICT centTe and library. The Trustees regularly review the finances. budgets and spend against budget together wlth a monthly cash flow analysis as part of the effeCt￿t stewardship of the Foundati(m. ViASA SLI IC)C)1_S FC)I INI)Al Ir)N TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Thetrustees are re5ponsiblefor the preparation of the Trustees, Aeport and the financial Statements in accordance with applicable law and United Kingdom Atcounting Standards. The law applicable tp ¢haritits in England and Wales reouSres trusteeslsl to prepare financial statements for each financial year which 8ive a true and tsir view of the state of affairs of the chaTrty and of the incomin8 resources and application of re50urce5 of the charity for that period. In preparin8 these financial statements. the trustee5 are req&bired to.. Selecl suitable accounting polloe5 and then apply them ¢onsistentfy.' Ob5erye the methods and principle5 of the Chariiie5 SORP: Make jud8ements and estimates that are reasonable and Pfudent: State whether applicable accounting standards have been followed, sublect to any departures dlsclosed and explained in the financial slatements; and- Prepare the financial statementson the 8oin8concern basls unless rt Is Inapproprlateto presume thatthecharlty will continue in the busines5. The trustees are responslble for keepin8 accounting record5 which disc105e with reasonable accurary the f+nanclal posltion of the charlty and enable them to ascertain to ensufe that the financlal statemenis comply with ihe Charllles Act 1993, the Charity IAccounts and Reports) Re8ulations 2CJ)8 and provisions olthe trust deed. They are also responsible lor safe8uardin8 the a55ets of the Foundation and hence for takin8 reasonable step5 lor the malntenance ond inte8ritv of the Foundatlon and flnancial informatlon Included on the Foundation's wtbsitè. Post Balanc• Sheet Events The Trustees confirm that there are no si8nlfi¢ant Post balan￿ sheet events requSrlng dlsc105ur•. Approved by the tnjstees on 29 September 2025 and sl8ned on thelr behalf by: O Adesakin ftasa oundation Ch 29 Septembei 2 25 RASA 5C'II()()L5 rc)I INL)J¥I'IC)N 7_1m￿A￿W¥. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST DECEMBER 2024 Unrestrkted Restrirt¢d Tt)tsl Totsl In¢ome E￿endlI￿re Income Oonatlons and le8¥cles 21S 215 3,162 Income from trading actwitles 9.775 9.775 Totsl Incom• 3.162 Cost of raisln8 funds 1.401 1,401 1,$68 Charltable actlvitles Artivltles undertaken 24,236 24,236 337 Total EMp•ndltur• 25M7 25,6a7 Net Income and net movement In funds 115.6471 115.6471 1,258 Reconclliatlon of Funds Total fvnd5 brought forward at 2nd December 2023 15.838 15.838 14,580 Tot•1 fvftds c•rrled t0p￿rd al Isl Ljttember 1024 191 191 IS,838 The Notss to the Accounts on page$ 9 to Ioform part of these Financ￿1 Statements FCII5NL)AI'ION ZIMIIAftWE BALANCE SHEET AS AT 1ST DECEMBER 2024 rr Cash at bank Debtors 191 15,838 191 15,838 Current Uabllltles Credltois Net Current Assets 191 15.838 The lund5 of the charlty General funds Re5trirted fvnds 191 15,838 191 15,838 ADOPTION ftESOLunoN Thè Accounts on pagès 7 to 10 was approved by the Trustees at thelr meetlng on 29 September 2025 and were s18ned on their behalf by: Vmch stee ond V Reld Trustee SiASA Ll 11)()LS FC)IJNI)AflON /.IMI¥ABWE NOTES TO THE ACCOUNTS 1.1 Basls of accountin These financial statements have been prepafed for the year ended l Oecember 2024. The financial statements have been prepared under the historical cost convention with items retognised at cost or transaction walue unless otherwise stated in the relevant accounting polities below or the notes to these financial statements. The flnanclal statements have been prepared in accordance with A¢¢ountlng and ReportSng by Charities.. Statement of Ilecommended Practlce applicable to charitie5 preparing their accovnts in attordance wlth the Flnan¢lal Reporung Standard appllcable in the United Kingdom and Republic of Ireland IFRS1021. 1.2 Chan einb There have been no changes to ihè basls ol acctyjntlng durln8 the flnanclal year. in Unrestrlrted funds are donatlons and other Income recelved or generated for the objects tsf the ¢harlty wlthgut further speclfied purpose and are available as general fund5. These are induded In full when recelved. Re5trirted fund5 art to be used for the speciflc purposes as lald down by the donor. Expenditufe whlch mtets these critèrla is Identified to the fund. 2.2 Oe D¢btors are reco8nlsed at thelr settlement amount, les5 any pro¥151on for non-recoverablllty. Prepayments are valued at the amount prtpaid. 2.3 Cash at b nk Cash at bank represents such accounts and instruments that are avallable on demand or have maturlty of less than three monlhs from the date of acqu151tlon. 2.4 Creditors Credltors and provlslons are reco8nised when there 15 an obligation at the balantt sh￿t date as a result of a past event. it 15 probable that a transfer of economic benefit will be required in settlement and the arnount of the settlement can be esiimaied relSablv. Credltors and provislons are recognlsed at the amount the charity anticipates it will pay to settle the debt. I