Report of the Trustees and Finanaal Statements for the SWAZILAND Year Ended 31 De￿rnber 2024 for Swazilaftd Schools SCHOOLS PROJECTS Projects kL7isL¢r¢d (Jwrily Numbw: 1201192 Yew End￿ 31 Dec•mber 2024 Repcrt ofthe Tru#ees ttythe Yw Erth 31 Decttnber_.........-..--..__ 12 PdgL Swanland sd￿1$ ProFcts Yw Lr•ded 31 December 2024 Report d the Trustees for the Year Ended 31 December 2024 The Trurtees present their report with the firjancial staternents of the charityfor the yt41 eThdcd 31 Prxti¢e (SORPI 'A¢countir¢ and RewAb"ne by ch¥1¢￿,. It SIK￿d rK>ied ￿ readers thatthe r.t)untry thaneed name from Swalllar￿ to Esw*w4 in 2019 tr￿1 the off•cial narTrr of the charity remwns urKharyed. Reference •nd Admlni5tr¥knT Dets115 R4istw*d Qwity No 1201192 19 BirKk>n BLYifvrd MK41 OAL 55mth S ￿ltlaIn l Nic￿115 K Fossey MBE L Mill•r il Uarkc Marth ?0?4 Awmnted March 2024 Prlnclp•l Bankafs PO Box 250 Delf Ht)use SkdmqrsdJ￿ WN8 6wr Independent Examkntt Pwl G¢*x￿re Swa7iland.Sd¥x￿S Prnjects I&SPI 1% a tharity re8iSter•d with the Clwity Commission. number 1201191 ar￿ eobtn*d as a a￿ritable In(fjrwrated Organisation faol. Th• charty has operated for 25 years and transil¥Jned fr(rn ￿ V￿aled dwity 11?3689, to a CIO with effe¢X from l January 2024. Trust•es. are appointed to supeThryse and the charity and ar¢ iwuited because of their i•tpre5t in tt* work of the (hwity w¥1 tt*ir S￿lf￿ sk)Il& The are aPFI￿nted hthe Trustees and are thernx4vr> Trus￿ of thc d￿ritY. Ihc IruS￿L￿ deterniin•th• woiects to be undenaken and manaee the to athie%t objeds of rt￿rity. Ycar tnded 31 DKEmbvr 202 Durirq 2024, tr* Tnjstees welC￿ned B¥ry Cjafkè Harry Woodrow as new Trnstees in Marth. At T￿SteE5 are farnliar *4ith the ¥A>rk of tht and ¥e irwtth bri•f•d ￿ Keith Fosw and/nr ste￿ knrth a5 tD the work of th• CTrwfty. TTrRy with copie5 Otthe cA)r￿llution the policies that gO￿n hew th• ch¥ity opwatm. Opportunities to attend pJbhc spe•kn"ne en8aeements wh•r• th• work at th• ctrwity is d•scrib•d ar• a¥ai1ablL Inlorniatx)n abcAff tt* *￿rk of ¢hariry Is of traiThiNa and learnin¢ ¥#J keep themsefves up to date In relation lo their rol• Charity C¢Xnm￿l(￿ ¢on)MUTh￿l1¢Kffj as well as fr(rn k¢al C£mrnuDsiy Vobjntary ser44￿1 orgonis•tK•ffj. The Tnfftee5 have a proce55to assess ri5k5 and put in pl￿ risk M¥￿ement contro15 10 fflibi•te tkne crths. Th's irKhJdLs 41 I￿rn￿ irth re£sstU f*t#ch is a reyhr bas15. As part of that the Trustees remew the of Ihe Chwfty's finafKsal C￿rtr￿s and th5 in¢l4des tnsuriry th¥t smt to eSw*ifii is used thr cE¥rEd thwft•bl• PUTP(¥5•5. TNT Trnst•Qs also ass•ss risks ta any ¥oluntq•fS who ¥isit tswatiThi and produce appropriate advice and support to mitigate thos• risk The Trustees ensure that awYowi4te IlaW and liaxlity inyurm Is in ￿￿C•. Insurance is reviewed each year. AlonR wèth ati t)thEr th• tharivs &af•Ruarrfiry arr￿eMentS are review The I rustee5 lie C￿ed wiih manweni *MI 9JWVi5ioTr of tho affairs ofr the tharity. To An iudzernent to bpar srr*ery. usc vl rr50Uf￿s.' To art in l•th in th• wrtW•5ts d th• dwity •xl in the Inte￿$L ex¢rtv duc To promote the reputation and standiTha ot the chariry: To administer the charityfor the bemefft ot current. potentia and fulure bLy￿fICIa{￿e5. arily Lommi55ion. swall￿nd W￿015 Proieas Yts LndEd 31 Dqcwnbw 2024 Objects. ktivities and PubfK Benefft The Chariiys ￿1n¢￿￿1 is to thance the educat￿ of the thI￿Trn and adults in Eswatini. The Charfty doesthls in fIs Sd)ool unlfonns suppEled at Nhk*hl and Mtyonaneni khDD15 pr•sth￿lcOMfflunlty space. toilets arod solar kthtirvA at ￿lUran• SCP New toi1rt5 *rhd erodiution of t•rrnite int•St•tion at Hluti khool Ryidto 8 daSSn￿5. 3 t••chws hou1•5 arKI toil•t5 at West khool Rcfwalit)n5 to te#hrfs h¢yJses Nkanini s¢hool Fundine of electricity exam requirements at Nth•ba sdxy)I Unlforms for 50 eirls at &teki for t 55P 15 InrJedW fwbJn•te to hm • team of ￿lUnteerS in Esw•tinl who rnar4p all th• projects aThl r•sponsibilliS¢s. A nuior in 2024 was th• the 25" of the (hrity ai a Egwatini reeul¥ty at hls cwn exper￿¢. is ableto see re¢￿tlY uDdwtkn WKI also to Visit PAp.é• 15 Year Erwjed 31 Dwiber 2024 Financial Review Chariry l•w requires tt* Trust￿ to wewre rNn¢i￿ statemeTts for eath finarKial y•ar. whth giv• accounts, theTTu5tee5 ￿ rqqulred to: select wrtablc accountlng polidL% arKI apply thEm on a consistent basis: make judK•merrt5 and e5tirnate5 that are rEa5(Thble wJdent; Prepa￿ the 4Lrounts on the 0￿(*re conetsn b•sis, is Irwvo￿io ¥surhe that the th•rft¥ ￿11 continuo in The Trust•e5 ar• respon5ibl• tor 5*•guardiTva assets al the charlty and for thek proper appllc3tinn required bY¢￿rity law. arbd tor taklr¢ reasonablc steps I￿ th•r d•t•ction and preventim olfrald •KI ¢4her lrreeu1•i￿ u)e dwfty 15 to nat •mploy st3ff or nrmalty be covered by the Into￿ recer¥td throuth Glft P4d. Donors can b• satisfi•d. theref¢ye, that all drylat•￿ rE￿1VEd are the of •duc*l¢Jn Wb EswatlnL Results The net ¢peraW surk*Js for the ￿ar efNJed 31 2024 amount•d to E14.81&81 Ihc ¢h¥ily ¢mtsffln 115 ¢twMnilmEnl to muKThJrn Incom• tolurwj iwruries and proJeLts. In th• UK, d•￿•th• adwr5• conditkm pos•d ￿ the Ix>st-pathnk Inllatth ¥KI oth•r •conoffllc chllffys. th• Trust••5 ha%* rn￿•d to maintsin wxt>rne al a VXMI le*l. A spuial Th•nk You to •ll th05• who donat•d w StandinK c*d•￿ Funds ar• also raiwl fr(*n supwiitys ywps suth as schuo15, rotary dub5 and churchek The TTUSteQ5 re￿￿th F￿iert fundiw from extern•l sourcv5 and additional w￿5t0 Rv)v*• incom& Th•TruQees are p¥ts¢ul¥ly tr•idul to the Tru5tMs af Th• ￿n￿l(￿lI￿n￿￿ TTU5t. th• Grahwn Bates Trust arml the knjts f(x thE* to supp¢rt our Yfvjork Ihcre were nD facetsface fundrnlsing events thrity 2024 aihwth a (olle¢tlon was 14ken at the The d)arity does not staff in the UK •NI 15 totaly depts-th ofttho of unpaid volunteers principalty the T￿Slee$. to undertake the v•riou5 rnark*ry •nd fundraisit a¢￿¥￿￿ required fty the d￿TrtY ts fulfil 115 ttrJ5efurKts that are Wed w restrirted p•tsul* FwJrpv As a matterof pcrficy. the Trustp&% reviéw annuallythev8lue of reserves requircd tti be held in casn or c¥5h euuivdlenl ar)d r￿{ restrKted for any purpcbge. The TTUStees considcrthp. ch8ritfs exposure to risk of arry signtficant loss of incomè. and to the risk ot unror&ss¥ri expenditurc. which cannffi be miti£atod tyTrustoe act￿rt. ana the tsegree of risk ascfitseo to E8ch such event Is asses3ed. 18 not the chartys w)Wto unbark upon may 1niti8tr￿8 Without CCMM)rttea lurKJw The Trustecs arO￿tel￿1 to Pdul Go(Jtling for in3peclin8 our Xco￿ts. Health and Safpty Health The charffjiw&l, aA fw 85 is we85￿blY practical. 80ck to etwre Ihat those Vrt￿ act A8 volunteery are fft for the tasks theywill undértake. The charity has producot18 number ot poU¢ie¥ and procedurcs to guidc lt)luntÈBrk ar￿ ID lry to ensure tho heallh artd safety otthosc VOlunt8eT5. The ¢haTiry has a Risk Re￿$￿tr and apwopri8ie Insurnnce cO￿r lof TrLJStees. voluntlJlJT5 and Memb¢￿ otthc puOIK. Tho cnarity unoertakes the rwe33ary risk ass(xsment3 jnd will. whcre rtsasoftoNy practical. implpmert13 typpfopfijte controls. Training and ￿lOrmatI0Th will bo lo ensurethot Ihoso at risk arc maoo ware. Accid•rrt reportin& The charitywll ?n%ure thjt Jll volunteers arc awaro oi ihe need zo rcport AU •¢cJdents aThJ dangerous occurr&nG85 lo Ihe Trustees, ￿houl dclay. lollo¥Mng the accM1ent or occurrence. The Trustees wiii. IT ro.qUirea. rp.port under the Reportmw of Iniuries. Dlseasos ana Dangerous Ocburiences Re8ulat"ons 1995. Safeguaraittg Tne ¢hyTity takes tts dutics unavi thv. r.liil(Iren Act 1989 seriously ancl has approprwte proce(ture3 Jnd Trustoos ap￿￿ted lo meet its under Ule 1989 Tho Charity revltr rts proces3es ycar. AppiL>ved on behail otthe Boara OTTru8lee trlevei¥tbd M iavfion. Sociotary ZOLC ] CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts membera of 31* Decenthr 2024 hwity no (rf •ry) 12011Y2 dwity (Ihe T￿￿1"> the year trKled 31112r2024 R•sponslbHltl•s and b••i• of r•port As charity trusl¢es of Ihe Trlrf We for tho weparation 2011 (Tr Act-l urKkr 145 of the 2011 In C￿r￿ my exanwAt(m. I 14qSXb) Acl t•ffl•rt A¢1 17 14rith tha a*aminaDon allentsc￿ slyxdd bè dr&Yn ￿ ortkr ￿ enabl• a 31P 2025 Ermled 31 LkLtmber 2024 Paul G￿dI qualificat￿$) w body (rf H￿l51de Bam. Lapwi Lane. Tlwe Ltr•Jer¥*x•J. Nornhamptrffi, NN6 that th• •x•ffin•r disebx•. Independent eyaminerfs report to the trustees pleaSefir￿ to folow my rewi (m the *t£wnts and fttmnci￿ reportsfix the year endiry De(¢mb¢r 31" 202 Responsibilities prtparcs amual account It is n(*•d thatth• tharity rK>w • th•ng•d l•gal 5tatU5. r4)w bewe a Charitabk liKxwir¥lEd Oryani￿tioft Ich•rity numbw 12011921 as Ofr l.L24. Funds ¢tyrtinued to iectiKYl frfxn ihe okl charity11123689) throuah thefinancial year 2024. and indeed intttr January 2025 It•ixKI the SCOPE o* thi5 rqxxtl. with assets belrytTJnS￿ to the d￿rity as detsiled rrpprt bcknw. Page 19 Ended 31 December 2024 4XrtinU•5 to lal betw••n the £25k and £2￿ tatsl oKom•*lrnlKth Irel item 4.1.2 of the th¥riy Commission r¥￿￿1r* 8uideline5 dated Nov 2016). Herts a full audrt is feqtsyed under section eXc•￿•d. Howe%￿. as the gross irKome dearfy excee05 £25.1)Xi. an wKleperth examinatbon of th• accounts a5 Stipulated under 5•clion 145 of the sane act is rewire£L Thi5 oxJmirution is a forrn of exterr￿1 sc¥uiiny dr5.1snL￿ to pro¥idc • liniied d*ck on spedfir matter5. a5 ryJt n the Ch¥ity reporriro euidelit. pertainye to CXYS with i￿£￿￿¢ under £25￿1. and ft 15 1150 atth•ir discr•tion to whrfher an indeperrfleni examiTralion is dewned lo be 9Jffkknl, •$ vppv5ed to hjll •udlt by • ie8Jsiued pwtv. Basi5 of report cifiullr. 2. 1 w mnfjrni no cor*fikr of trrtwesr satisfled Ihat rw are both accurate, ar￿ kept to the Tequircd 5tsndJrd. 4. ￿th at the end of the reportir¢ pe￿d, at the point of each major expenditure 1x31 durir¥ ihr the arcwmskn of thE tharity daarty been properfv consldered tythe trusteek All mapr expenditure was funded Un0n￿Mber￿d. avatl•ble furrtts ensure thai the ie5efves held exceed thc liability from ￿rSary commrtments forthe folli>wry y•ar. arbd thi5 is adher•d to. Tkn arè othpr evfjdenr li*4lltiL¥ whith C. The orefat1¢￿$ rep￿ ot March 2024 recommends further children to bUr￿ry ¢them•.. ke•ry **thin (ap ol £iok on this torrn ot eN)endifurel(fjmmitrhtsrt. 5. Thetrustee< annual rewrts are c£ffiststent with both the finwKial recorth. and the prepared ￿d tr￿ latter ¥e in an foimat ststemert LhJrln¢ rny ex¥r4ftati￿ ofthefin•ncial rectyth and aCCc￿rrts. nts maffer Iw come to my allenliun which might lead me to belie¥c that charity was not compliant with its obliRation ro keep appmpriat• accourthnK r•cord Page 110 T(W Ywne for the year reLX)rded at £74.570.35 Totsl eypendilure £59.75154 balartt* <4 £195.01 ClosiTrJ baLinc* of £1&011.82 Su￿￿￿ tr* of £14,816.81 No* this incThne fyure CA £13660.46 Irknsfftrred frrrn the nld rth (wmbor 1123689). of a lotal of4 trw*s. te. ythi￿t it is bayond the scope cl Ihis reFrrt I dld rKThthd•ss IPAt this left the lyd rtwty (1123689) with a balan(* of £387.19 as o131.12.24, wxx)uftt Ihon rec￿￿ed furthar if￿0m8 al £145 January 2025. giving a nmsod balanc£ af £532.19, the whole then trwthrred to the ￿￿ty as of 27.1202S General notss I say• plenly d •vpJen¢e of O¥WSi9hi of Iho fArtPJl in tharitys arKI (ty¢￿Ve. li cyerdlos a loc4ty bas•d crnwany, Charsry FuttY•WSwa*Thl Schoc4s Prq￿lS. whth is ttsdf * lo a local aL*JiL l al￿ d￿d(tsd Ihts knH(Ming I&￿Mer￿A.. Reser4es and Bud￿tr"ng FX Finanoal Procedwes o He*1 arKI Safety Safoguanl rÈ5ervos and tx￿￿tin Name: Goodi Add￿ Hltrdde aarn. Ljpin Larn. Tlwt u￿1¥wO￿. N1wth￿ts, Uniw NN6 9NH Dat•: 30.06a02S (incorporating an and ExpwKfiture afrA￿nt> v Year 31 Dr¢tntr 20Z4 Ta#43)24 67An Is 4.415 TL958 Ir*4•5trMrts 475 1gYJ 57J15 5%754 51JlS 59J54 14W7 Tutsl Iwyrtrd 195 J¥T￿d ryi th•r bqhytrr. Year Ended 311)ecember 2024 For the Year Ended 31 December 2024 These accounts have preparpd cffi a rK•yts and payments basls under the hi5lc¥k41 c¥)st cvnvrniivn with iiun5 recvy*ised ai c05r (Y tra￿lon vaJuL unlL35 gthcrwi5E stated in the felevant notels} to these accounts and with the Statement of P£com￿ Prxtice: AcC￿￿tiry Standard apphrdble in the UK Republk of keland (FRS 1021 Issued on 16 July 2014. The tharity a pjblk bwrtfit wbty x defin•d ￿ FRS 102. This is indud&l in tr* Star¢murt cl Fln¥Klal Actlth ISOFAI Twhen recti￿￿. pv1nltt￿ by th• FRS 102 9)RP lx PK5 101 •ddition to th• swrb• fuwbd a the inilid dtVwl•￿ unlE55 th• of th* appftal hav• sp•crflad athv&vls& The value of any th)rbated 8ood& smryce4 txilit￿5 or voluntqwv rec•btd Is rnt kthlcd in thc *Lcuunls bui r> dCsCrtt￿4 in the trustees, annual rrf*)rt Wt￿ malerial. 2. Llabillty irt4urancL Page 113 Year Ended 31 tyecember )0?4 Don4tKn5 and i Gifr Aid 67.478 4N15 71.953 Tcrt*J 67hY8 nA53 EvEnts 2558 1558 Ofvid*nds 59 T(*•l 7457V Ivenl custs L939 M•Tkeline 426 Oiiital thannrl cv5ts Total in3 723 r￿ry yarts Proied RT4nts ilank th*rE¢5 Trt 4475 515 5L525 57JlXI Tctsl 59.751 PAie 114