Compary no 11885226 Doap Learnlng Indaba Limlted (A Company Llmfted by Guarantea) Annual Report and Unaudited Flnanclal Statements for the year ended 31 March 2025 111 111 •AEfoI714' 2¥1012025 COMPANIES HOVSe A16 Doop L•amlng Indaba Umltsd (A Cofflpany Llmltod by GuaTants•) Contents Charity R8feTrnee A¢kninislrative C)8lalls Trustees, Ann￿1 Rewt (indudir*J [Kr￿, Rery)rt aThJ Stralwc Rem) Indep8nderrt Exaffdn*s Rep(Yl Statement of Financial PLtbvitio6 8alance Shgot Statement of Cayth FIvAs 10 Notes to the Flnarn?al Staiemwts Dogp Loarnlng Indaba Limlt•d (A Cornpany Llmlted by Guaranlee) LvJal and adm1nlstral￿o Informall¢)n for th• r onded 31 March 2026 Tho oryanisation is a charltable ￿)MpanY limited by guaranle8. Inc(¥porat8d on 15 March 2019. The CoMp￿Y vras reg15tered as a dwSty ty th¢ Chwity Commlsgkjn on 18 September 2023. Company numb 11885226 Charfty number 1204771 Ragl8tgrad offko 64 Nle Street London N17SR Buslnos addr•ss 11 Rosefc¥d Road Cambrtdoe C84 2HA Trusto V N Masivats S Mohamed U Paquet K Simln Bankors Bar￿a￿ Bank pk leic*i8r LE87 2BB Indopmdont oxamln•r Denise Lindsdl FCA CTA Hard￿s￿e Burton LLP Lake Huuso Market Hlll RDyJlon Herts SG8 gJN Daep L￿rnIng Indoba Llmll•d (A Company UmStod by Guarnnteo) Tn*t•￿' Annual R•port (Includlng Dlrw*or¥ R•port •nd Str•tsgl¢ R•port) For th• year onded 31 Marth 2025 The Trustees prosent their annual rnport together with unaudlted ￿n8￿401 ststements of the charftsble wmpany for the year onded 31 March 2025. The trustees have adopted the ptovlslons oflhe Staloment of Recommended Prthe {SORP)'Acwunting and Rak*xtrr4g by Ctwitles" fn preparing the annual rewrt and finarKid statemerts of ￿ dwity. The finanth statements have bean Frytrod ￿antte 7hiih thè p(￿￿e3 $91 tyjt in notes to the accounts and c(¥nply wth the Ch￿￿$ ￿)verning d(xxJmenL the Charities Act 2011 and Acth)untlng and RerNytlr& ty charit￿.. Stslement of Recommgnd8d PTacti¢g applicable to charilte8 preparing their &counts in 8ttordarte with the Finanoal RepNtiNJ StsrKlard 8pplicabl8 In the UK and RepublSc of Ireland {FRS 1021 {effectbve 1 Ocknber 2019r. and the CompanEs Ad 2006. Trust••s ol th• charity The direclors of Ihe charitable cornpany are its tru¥l8es for ihe purposes of thaTity law. The Iru31ee8 have Served durfrvj year since the ygar eTrJ are as follm.. V N Marivale S Mohamed U Paquet K SlmSr OblectlV￿ and AGdvltl69 1) The chanty's objects I'oWocts'} arefor Ihe public bO￿￿t.. (11 to advanw ttn￿ere In the world but prirnarity In Afrka aTKI clher places wh8rg such discAp11r￿S are under4evfrlopod alms which are under-represenbj in Inlemaliortsl scknntffic and tèchnologtC81 work in tlw dssciptines, the education ofthe puts1￿ in the Subj￿ of artifioyal intellvJ8nce machlne le8ming and Talalod fields, In patrular but without Ilmilation in the science. appl￿tK)nS and athi¢x of artificial inlelllgeno ty. (a) hostinj arranging and supporbng land SUPPDIfjr￿ otsrs to host and arrang81 Confer&n￿S, lectures, wrykstws ￿ other vlrtual ar￿ physical event5 to promote Kno￿edge and understandin9 of ts subj￿1 Including roc8nt developments in the field. arwj lo stlmulate us8fv1 dwussion and whange of irrformatwjn about artificial intelllgence and machine learning and related field8," and Ibl pn)vOding wants and oth8T f(ms of support lo enc(Nrago and promote academlo siuty rn the ftelds of madwno learnlng and ortfficlal lntslligen￿. and12} the ad¥ar￿emOnt of education into the practical uses of machin8 learning and artfftclal iTrtelltgen¢? In 50¢th. and in part￿x￿ar IXAV mxhin8 learnlng and artfficial inlellgenca can be used for the berth for example in areas of health and environrnenta5 prolecioon, by womoling resear(* into the al￿8 subj'ects publishlng or dis5gminating the usefut results of suth researth. 'D8ep Learni￿ is the wJ*e of techriques at tsforefrontof modem Arttfid81 Inteligertt (Al> pro9Tess. 'Irtdaba' is a Zulu w(vd that traditionally refws to a (xrference of eldern. It is princiF41ty a galherlng to dlsujss. and debate m*lers (rf 1ml￿anCe to a ¢offThunrty. Deep Leamlng Indaba Limited a¢lM8ves ils goal of buldkng a (¥)mmunity d m8thine leamlng (MLI and arlfflolal Intdligellc8 (All expertse. ospeoally tn place5 S￿h fjXpwt￿e and Involvernenl is uThJefrepreseTrted. The pro¢o•ts along fve pll¥s". 1) A yeay Deep L&qmlrKJ IndaL* fftn'ng In AfrKa. ￿7¢h kngetrw wound fvg Iwjndred 5bJdents, p￿titIon￿r5 and academics an intensive 4¥fjek that r4 focused on 19chnlcal ML and Al skills. Around a hLJndred studorts *• suprA*ted by travd and accomm¢xlatiuii scholarships lo attend th8 Indaba. 2) Lgadèrshp developmenL ￿lu￿tIOn aNI growth of I￿1 ML and Al communlues thr￿gh Indabax events. These aro county-spedfic and ¢yganised by local volunleers. 3) Recognitlon of aGademio and inrK)vation excellen* through yearty Kamlxjle and Maathai Awards.. For begt IASC aThJ PhD dissertalx)rs auoss comput81k)nal s0ierKeB In Afrjca. and for the most innovative industrial Al solut1￿ In Afrka. 4) A strwtUTed online menttyS￿p plattonn and netsvrk. lyrf wlKh ￿a(Illattr In thlrdwodd Countries could benefrt from mentorship from r8sear¢h experts arxoss the wortd. S) Inclusivo re5eaTch Inltiatlv8s fika graThJ tha1￿n>￿. aimed at al￿￿r￿j a rwarch oueslbn and collaborallvely solviry It. Tha organisailon focus8s on light inibatwes that non-llrwr impxl. The second pllar, in particular. has lod lo a prolrfgration of knL￿dge sharing bets¥8en ￿duate researcheommunities in mathematical sdences across Africa arKI Publlc ben•frt The DirerAoFS hav8 roferrad lo the Charity CDmmissi¢xi's pnwal gudance on wbli¢ benefiÈ io ersurg compliance when reviewing Ihe charitable cy)mpany'$ wms and obj.ect￿$ and in ￿e￿ni￿ Ils fijture actlvrtle8. In parttcular. the directors corL8bJer planned actlvlties win contribute to the company's charilable objects, wh￿h efF) sel out in the Obje(*ve8 and Actt¥iUgs S￿l￿)n I￿1¢Y￿. Str*• ICR ort As the Charity matures and gru4¥S. W6 cxmlrnue to adapt to the best pradkes in the industy that fit ft h8rities (rf our size. As such. wo have nrm shrfted to releasing an annual Impact Teport T pr(xJrammes of Ihe Indaba. Its operational efficienaes and orpnisir¥J apFYoath remaln9 thB same, IMA we are choosing lo framè our work Ihroughwt a year in tem)s of its impacts arnj the chan9gS it (s enabling In the 8¢osyslem, and the im[xxlan￿ to our b￿r*￿ia￿. so that the value and ongoir¥J significanc• of ourwork can be better untlgrstood. Our impacts br08d. and we ¢onsldw ow Impacts across seven areas: six areas for contin8nlal transfomalion. one (￿r￿satiOnallY fcrtussed on our intemal and m8turlty. Our impa¢t alms support our gducatbnal arKI charitable MiSs￿n. OveT 2024. we Str￿gther￿d AfrAxn Al: 1. Talont. Our (x)mmitment to adva￿lfi9 taianL skills arKI Competsncles allowed us lo". advanr the nadonal agenda in Serwaj. ￿ere Ihe anftu￿ Deep Loarning lTrJaba was hosted,. showcased a continent-wide n8￿k of Al eXpert￿e,. ajVan￿ tgchrdcal skllls in LLMS for African lar¥JU￿￿. A for 8*. and fvrKlamertl ML r85w¢h.' and drove fo(￿$S&j skills development through aclpie mentorship. 2. R•soarch. We supported the advancefflent of rM)val researth disseminalion throu4h publications. wlwe we Ostsb￿Shed hYJher quality on a f￿￿SSed set of 50 papers" tho Afric Research strth¥￿se created visiblty and opwtrrtunlty for leems behlnd almost 250 research projects., aThJ we dislribuled th8 Lapjna fvnd want of aprKoximat8ty $500k to 5 proiec13 in African language te¢hnologi9S. 3. Innovation. We strer0t1￿r￿d the pipdim of ideas to dgploynwrt by shwca5uig InT￿latIon and cornm8rd￿1satIOn from ￿ startups rn the contlnenL trv)sting stathp showcases and pitch Sessions. and embed¢JirvJ Ihe role of company building in Africa's Al 8cosystem,' th8 Idealhon heiptrj aCCe￿rat¢ nv4¥ cross-cont1Thènt￿ C￿lab￿a￿On$ that aro th¢ seèd for future starlups and innovallom. 4. l>wnershlp and Capacity. New tethnkal f))mmunibes havo be￿ Id8ntlfied or eslablished in 47 coÈJntrlgs ￿M$S thfrconllnonl, &hieving Ihc g)91 of 8etlkng the loundalknns fwAI roadlness. 0￿￿rshiP and Capacty at a p)nbnenta-sc*. 5. Leadershlp. The Indaba &vards, which hoTrJur Afr￿an sclentific and intellectual luminarles. ¢debral8d And 918vated the p*)neering WOTk of rasearcherfs w)Th)valors in 5 ￿tegOries. arxl slv)wcased the breadth of leadership arKI excdlence that knady oxlsts. 6. Communllles. W8'v8 establlshed the platform that brings legethw Afrka'3 leading Innovallon group5 a¢TOSS ffields parfhxlaTly in Language5. Vision. Health. and Climate; hostod sessions to LEIn￿t leaders of community groups SUPPOTiing leadership development and invested in Ihe siblltty of community gOUPS to help advarte their own and impacts. 7. MSsslon. We wntinue lo make in Iwlldlng an exwrdinary organ￿allOn lo support the impacts and fijiure ambiknon: by professlonalising our irrtemal pro￿$8$, aclNely managing risks, ancj havlr& a strategy for mm *ntitK¥J8 and transf(fmallv8 apwoxh8S to strer￿an AfrirAn Al. Thare Is a grèat deal of ¢Jetall u￿rt￿ng each of Imp*t ¥eas, that provldgs data on our b&n6ficiaries and ￿ way IAE had adva￿ed education and researeh in Al ￿ro$S the eco8yslem- V•B refer lo the full impact rewl for that which rs available on r website. Flnanclal r•vlew Total Income for the yearym £W2.312 arKI kntal exp￿rtUrewaS £894.CKP3. givlng riseto a net surp for tha year of £8,303. Deep Learnng Indaba Liffliled rases furKls for hs Ilagship evenL as YKII as the lTrJabJX events. vra tho main Deep L&*rring lrnjaba gathedrKJ. We kn￿rked Ihmgh a th?nati)ns and sponsorship committee to raise funds that Support th8 ￿nUal Irklaba and the Indabax. Details of the 2025 prospectus availablg online and Gu51omB8d to the raqu88ts for information from corpuate donors and phllanlhroptc txgantsab"on8. R980pm Pollcy Al the yearend the total resgTr0s w8re£150.818d%thich £55.209wer• in restric￿ fijnds and £95,609 In unreslrtcted fijnds. The d*￿torS expect that these fimds w511 bg expended on the future ￿3￿neA1 aclivitles. The charity has veryfthy runnw costs al￿ tjoes nol require signbficant reserv85 to b8 held. Future Plans This last period was a year of ffih. bui have had dear and meani￿1 Impacts in all areas of work. The Deep Learning IrKlaba continu8s to hold a un￿ue plac* kn the AfTKan Al laThYscape, and it remains cfear that the rmpacts ￿ have had would not have been ￿hl8Ved by other aGtors or in olher ways. and that emphasi8es thè ongoing Importance of our mission to Strewlhen African Al. The next annual Deep Leaming IrKlaba annual evenL sol to lake pkn in lagall. FIMMnda in August 2025. The Indabax prtgramTh havlrvJ targeted most countries. now Sgth to maintsin ￿v•rage and drive stronger trainiTrJ and natDna c￿￿ty. ArKI of the last few yew3 on 8UStafftabilty. Stru¢turn. goveman¢• and rnanag4m•nt Deep LeamrKJ Indaba LImit￿j is a Charitab￿ company limited by guarante8. Its govemlrvJ document Is tts Memorandum and Artides of Association. The Memopandum and Arlides 1r￿r[￿￿0ted 15 March 2019 were amèntjed by Spec*1 Resoluuon regi8tered al Companles House on 13 September 2023. Deep Leaming Indaba Limited was fomially regts¢er&J wlth thg Charity Commi$sM for England and Wales on 18 Soptgmbw 2023 thrO￿h standaT(I reglslTallon 8s a charilablo ¢¢)mpary. The diredor8 aro ¢harlty trust•es as defined ty sectnn 177 of char￿8$ A¢t 2011. At regbtration as Charity. all dirociors wgrg appoinlgd as TTUStees for an Tnityal terni of three yews. The annual general rnaeling of Ihe Board of Trustees vras hekj on 10 November 2023 and was held onllne (>ver vklgo call. Tho rrteetlng str￿lUrefoIlo*pdthe rules as perartKae 15 ofthe memExandum. Ailhal mF*ting a gen¢ral rgsolulion was passed to appolnt Kalhle8n Siminyu as a Trusie8 for a &year pth. Staemont of DlrKtsrB' rospon8lblllti The directors are responsib￿ for preparing the Report of the Dyectors and the finaTh￿al statements in acc(*danc* with 8ppl*>ble and regulal*)rts. Company law require5 the dir￿$ lo wgparg f￿ancIal ststemonts for each finarKl81 year wthlch glve 8 tnje ar￿ fair Vie•V of Ihe state of affalrs of the charlable o)mpany aTNJ of tho In¢omry resc•urces and appllcation of resources. Inc￿dIng the iwme and expenditu￿, rf the Charitab￿ c*mpary for that . rio(J. In preparing these financial Statem￿ts, th8 dire￿r3 are requlred to.. select suli able accounting poI￿leS aTrJ then appqy tfvem conslstenty. observe lh& methcxls and pdrKltAes in ts Ch8fTiles SORP. make judgmen18 and estlmates that are reasonabla and PTudenl. preparB Ihe flnanci81 slalements on the going concem basls unless it is inappropriate to prgsume that the charitable rx)mpany wll continue in operaflon. The directors are responsible for keetxNJ proper XCOUnti￿ rècords that disclose with roasonabl8 awiracy at arry dme the financlal p)srtion of the charitsble company ar#1 enat4e them to ensure Ihal the finand81 81atements coM￿Y with the Companles Ad 2W6. Thèy aro also respon8itAe for 5afeguardirvJ ihe assets of the charTtable company aThJ he￿ for takuig reasonabl8 8teps for tho prevenllon and detection of fraud and other irregularities. In so far a5 tho dIT￿l015 are aw*8: thora Is no relevant ￿rfOrm**￿ of tho ch¥itable cLYnpany's It￿lependent 6xamlners are unaware.. and th8 directors have tsken all steps that they ought to havo takon to make thomselve5 aware of any relevant inffxmalton aNJ to establish Ihal the iThJependent examirws are awara of that Inforrna¢lon. This re[￿rt has been prepared in accordarKe 7Mth the provlstons of Part 15 of the Cofflpanks Act 2006 relating to small comp8nlas. t￿yed by the Trustees on 13 Octolw 2025 aNI signed on thglr b&haW by: Shakir Mohamed S motHM￿ . Dlrector 09gp LgamSng Indaba Llmil•d IA Company Llmlt•d by Guarnnto•1 Indopondont examln•rf8 rewt to the Tru•t¥s of De•p Lwnlng Indaba Umltad {Iho company.) I report to tho ￿haT￿l trustee5 on my of tho finaTwI statemw*s of Dwp Loaming Indgba Lknlted for tho ywr ended 31 Marth 2025. Responslbllltlos and b￿1$ of r•port As Ih8 charity trustees of the company {and also its dKe(Xors for the puws of c(Mmpany law> YDU are reponsible for the preparknn of the flnartid st8temen18 in 8txThd8￿ ￿ the r￿uIrements of the Companies Act ￿06 {￿he 2006 Acri. Having ￿tTsfied myseff that the finanaal statements of thg Company are not required lo b8 audited under Part 16 cl the 2006 Acl and are eligible fcrf Indepondenl oxaminalKJn. I reFMXt in respect of my axaminath'on of your compatys firnncial statements as C￿led out under sectK)n 145 of the ChaTlbes Act 2011 {'th8 2011 AcV}. In caryying ¢JJt my exanlnatK￿ I ha¥9 folliYAEd the Dir￿)n$ given by the harfty Comrnis$ron under s¢dion 145(5) (b) of the 2011 Act. IndopendBnt examlnorfs stalernent sin￿ the cornpanys gross IrKome exc*eded £2￿.[M)0 JDur examlnw must be a memb8r of a br￿Y listed ￿ section 145 of the 2011 Art. l Confirm that l am qualified to undgrtakè the examination becau$e l am 8 member of the Insllbthe of Chartered Aminlants in EnglaTha and Wal8s. which is one orthe Ilsted brAJies. I have completed my examination. I connrrn that no mattws have u)me lo my att￿tion in COn￿GI10n th the examinatKJn givi￿ me caug8 to bdl8ve: accountlng record8 not kept kn respect of th8 Compaffji as rBquirwJ by 386 ofthe 2006 Act.. or 2 the financxal statements do not a(xord 7hth Ihose r￿>3rd$. or the financHI Statements do not compty ￿1￿ the ats>JuntirwJ requirements of section 396 of Ihe 2006 Act other than any requirement th* the finandal statoments give a true and fa* vlewvthlch Is not 8 matter constdered as part of an irKlependenl oxaminatron." or 4 th9 finandal ststemenls havo nol been prgpared in accordanco With the methods and Princi￿e8 of the Stalemenl of R￿MMended PraclKe for ac4xJuntiw rewrbng by charities lapplicable to charities ￿paring their accounts In accorder￿ ￿ the Flnanclal Reporting Standanl applicable in the UK and Rewblk of Ireland {FRS 10211. I have no concerns and hav& come across no other matlers In (x)nn8Ct*)n wth the oxaminabon lo h atten￿On should be dra￿ In ttus rewt in order to enaNe a propor understsrKlkng of tF financial slaternerts to be reathed. Lindsdl FC4 CTA Hardcastle 8urton LLP. Chartered Accthrts Lake House, Markot HHI, Royslon. Herts, SG8 9JN Date.. X)/10/2OLS D••p L•amlry IrKlab• Lknlt•d IA Comp•ny Lhnit•d by GuarnntOO Ststsm•nt of financl•l •c¥vltlM and 8xpeThkn 8¢Lxwn lor tho ar •ndool 31 M*¢h 2025 Ye Ended 31.03.2024 Totsl (Restricted & UrY8strfct8dl ond•d Rethcbj Unr8strkted 31.03.2025 funds nds TotAI Incomo from: DonaUon$ aTrJ legacks Charltable a¢lylOes 319,928 557.844 9,494 329N22 15.046 571890 143,806 670,368 Total IwxM• 877.772 24.540 901312 814.174 Exp•ndltuY• on: Charftlble a￿￿tIeS Other 862.5W2 19,061 662,339 26,732 12.3 31.417 T¢)tsl •xp•ndltur• 881.653 12.3S6 89400• 889.071 Nèt Incom81(expandltur8} 13.081> 12,184 303 125,103 Transfers b•tW•on funds N•t mov•m•nt In fund8 13.881) 12.184 8J03 12S.103 Total fvnds brought fom¥d 83.425 141515 17,412 Total funds ¢arrnd fi¥nvard 95.609 150.818 142,515 All of thè above results arè d￿¥•￿ from conllnuing a¢b￿les. There wern other rec(¥Jnlsed galns or losse5 other Ilw) those slated ab)¥e. ￿￿veN￿nIS In funds are disdosed In Note 11 k• the ftn8ncial $tatem8nts. D••p Loamlng Indaba Llmit•d (R¢glstored number: 111852Z61 (A Company Llm5tod by Guarantee} Balan￿ She•t A8 at 31 h78rch 2025 31,03.25 31.03.24 Currgnt assots Cash at bank and In harwj Oebtws 10D.648 In.646 147.888 Tota current assets 274494 147,888 ¥9dltor8: arnounts dug Withln l y 10 123.ff16 5,373 Net curront assets 150,818 142,515 N•t assets 11 150,818 142,51 S Funds 12 Restrkled furrtls Unrestricted funds General funds $4209 59.090 83.425 Totsl funds 150.818 142.515 For the year ￿ded 31 March 2025 tl* charitable ¢ompaTry was entill8d to ex8mption from audit under Section 477 of the Compan￿8 Acl 2￿6 lo smal (xlmpanlas. The members have not required the company to obtain an audit of ils financAal statements for the year ended 31 March 2025 in ac¢ordart8 w51h Section 476 of the C(Mnpanles Act 2006. The tnjstegs Idtrectors) ackrM)vledge their responsibilths for. lal ensurtrg that the compony keeps accounbng records whth comply V•ilh 388 and 387 of the Compan*s Act 2006 and 06 and 'Accwnting and Reporting by Charfties: Ststemenl of R￿mmended applkable to Gharitlos preparing their account8 in accordance wtlh the Financi81 R8sy)ftru Standard applthble in th8 LIK aTrd Republ￿ of Ireland (FRS 102) ( ellgclive 1 Januwy 2019)-. The eharitatAe compary constltvtes a publK twefil èntity as defined by FRS 102. Tho fin￿?1 slalemonts have been prepared undw tt)e histort&￿ cost (X)TW8ntK￿. Incom• Income is re￿9￿13￿￿ when the (*arllabie c¥mpary Is1￿3￿￿ entiuwj to Ii after any perfom8nc8 conditions have t*en met. th8 be measured reltabty. and11 is probable that income VAII be re¢eNed. E￿ndIt￿r0 Expe￿iture is re¢ognlsed m an accruals basis kn a liability 15 I￿￿rred. as soon a6 there L8 a legal or conslruclive obligatlon o)mmlItM￿ Ihe ch8rilable ￿MpanY lo the expenditure and the amount8 can be measured reliabty. ExpeThliture IrKludes any VAT which cannot be recovered. and is TerA)rted a8 part eX[￿jI￿re to ¥rt￿ch if rd*s. Charitabl& &￿Tr￿ltUre t￿mPn$e5 those wsts inCUr￿d by the chwitatAe Gompary ￿ thg deliveryof its and servKes ts rts benef￿la￿t$. Charltable fwids Unreslrfcted funds are available for use al the di8U8Uon of t1￿ tnjslees In fvrtherance of their charitatle objeclives. Restri¢ted fiJnds aro subject to ￿rtb)n5 by thnors as lo htyw Ih8y may ￿ used. The purwses uses of the restrirled furxts ￿ set (Mrt in th8 notes lo the financial statements. Dgop L•amSng Indaba Umltqd {A Compwy Umlted by Guarantee) Nots• ¢0 the flnanclal fortho ar •nd8d 31 March 2025 Flnanclal In8ttum•nt• The charts￿8 company ha5 *ted lo apFfy Iha p￿Sk)r￿S of *tion 11 'B•S￿ Finnial Instruments, of FRS 102 to all of tts flnancJal Instnjments. Flnanclal instrumonts are recogntsed in Ihe ¢ompanls sla19ment of f￿aT￿l￿1 position whgn the tharitable company becomes party to ts oMtra¢lual prov¢sions of the InstrL¢menl. Basic financw asset5 BaslG financi￿ assets, Wh￿h indudg debtors. arg inlialy measured al transthx) pr￿e I￿luding transactlon ￿$15 8rKI are 8ubsequ8ntly carded at amortI￿1 cosl uslng ￿ etslNe Intgffjst mettK*J unless the arrarvaement constibJtes a financiTrJ tran￿tiOn, the transaction ks maasurgd at the present valuo of Ihe fLthJre weipts diswunted ai a market rate of inlorest. Fina￿181 a88ets da5sifth as receivablé wittth on8 year we not wntxllsgd. Basic financlal li&)ilitie8 8asic financial liabilitie5. including creditors and loans that arB ClasS￿￿d as debt. are initially recognwd ai transacuon prtce unless the arrangement consiiiules a financing trdrtsacliot). vther8 the (lebl instrument is measured al the w6s8nt value of ts future payTrer>ts discounted 81 a market rate of inlgrest. Finar￿[al Iiabrfrt￿ daSSrf￿ as pardbie wthln one year are mt amortised. Trade ttedknrs are obllgakns to pay for g(￿￿ or swAces Ihai havo twn acqulred In the ordinary course of operations from suppliers. Amounts pardbbe n dassified as curyent liabillU&s rf payment is du8 within on8 Of less. If Ilw are presented as non•rrent liabilities. Trade ¢Trlilots are recognL￿1 inltSalty at transactK)n prica and subsequenuy mgasured at amort*ed cost using the effecbve interest method. For•lgn ¢urrènci•g Assets and Ilabililles kn f(reign c￿re￿ we tr￿S￿ted into stwllng ai thè rates of exchatvJe ruling al thè statemert of finarrial pos￿0￿ date. TT3n8acth)ns in foreign cutrenc*s we translated into slerllng at the rate of exchange rullng al the dale of transaciK)n. Excharvj diff8rences are taken into account In arrmng at the net irwmeleX￿ditUre 3. DONATK)NS AND LEGACES Year Ended 31.03.24 Total (Restricted & Unrpstri¢t8d) Ended 31.03.25 Total R¢strfcted Vnr88trlct•d Donalions 319.928 9.494 329A22 143,806 319.928 9.494 329A22 143,806 12 D•op L•Jrnlng Indaba Llmttgd (A cOm￿nY Llmlt•d by GuarnntO• Not95 to th• flTrandal slatgmwyts forth• •ar ended 31 March 2ff2S INCOME FROM CHARITABLE ACTMTIES Year •nded 31.03.2S Total Year ended 31.03.24 Total (Restricted & Unrestrthd) Roltrfcled Unrnstrlcted spons￿shIp of Indabax events 557,844 15,046 670,368 Total 557,844 15.046 572,890 670,368 TOTAL EXPENDMIRE Charitsble Jctlvltlg¥ Ind8baX events oxpensos GIE Al Hub Kambule and Ma8thai awwds Travel schdaTshlps Travel non-schdarnhips Accommodation Direct expenses Masakhane domain adaptation Masakhane intent MT in PortLw868 Nail8 voc88 Decolonising scig Proiecl management Res8arch grants 67.144 352.977 10,188 2￿,0 3,160 3.381 5.659 27,613 81,777 24.146 5.417 11,308 49,380 20,442 $1.144 352.9TI 10.188 21)0.000 3,160 3,381 5,659 27.613 81.7TT 24148 6.417 11.308 31879 6.091 163.560 1.010 8,084 228,780 25,929 79,191 18.279 81.6C)4 16,932 862 861YJ2 662.339 Other Communlcallo Accwnlancy Bank Charges Forelgn exharoe gains I loss95 Legal fees software and GonsumatAe5 Entertainment Advertlslng and markelirKJ Prfnllng and stationery 6.107 1,827 2.251 10,877 11,933 3.581 240 3.791 1791 403 1881 19.061 12.356 31.417 26.732 Total 881,653 12.356 89(009 689 071 13 ooep Learnlng Ind8￿ Llmlt¢d (A Company Llmll•d by Guarnntso) Not•9 to the flnan¢•*l ¥tatom•rfs for th• ar frnd￿ 31 March 2025 NET INCOMEI{EXPENOITURE) Thi5 is stst•d gfterchoTgl￿ItY•jlllThJ'. Reporung ocry)untants' . Independent &xamlnAtbn 9,253 4.977 7. EMPLOYEES AND DIRECTORS average number of emthees durfng fvyear was NfL12Lr24'. NIL). None of the charfty InBtees (or any persons cOnr￿ted w1th them) rewed #ny remuw8ticsn or benefits or r¢imbursed exwn¥es Imm th& ¢haiitabkn ¢ryny dLrin9 th• yw or the period. 8. TAMTtON Thew b no chaf9e to taxatri as the cham8ble cornpwty S￿leS au its incOff￿ lo Ks d￿rItable* objects. 9. DE8TORS: AMouKfs DUE wrrHIN ONE YEAR 31.0325 31.03.24 Trydde debtors Prepayments 136247 37.599 173.846 10. CREDITORS: AMOUNTS DUE wrrHIN ONE YEAR 31.0325 31.03.24 Other cTrdlttys A￿r￿alS and deferred Income 216 123.460 324 5,049 123.676 5,373 11. APIALYSIS OF MET ASSETS 8E7WEEN FUNDS 31.03.25 Totsl 31.03.24 Totsi IR8strfeted & Unrestrfctedl CuTrenl assets Crndilors: amoLmts duewltt¥n one year 171.513 {116.￿￿) 102.981 Z14h94 ,372) {123.6761 147.888 (5.373) Net as•ot* at th• ond ofth• 95.609 142.51S 14 Doop L••mlng Ind•ba Limil•d {A Company Llmll•d by Gu*r&nt•• Not•s to th• flnanclal stkn fort r ended 31 MaT¢h 2025 12. MOVEIENTS IN FUNDS y•ar •ndod 31 Mar¢h 2025 At the startof TTansfeTS Ihe Incr•mlrvJ Outgdr*J bewn perfod resowces ￿soUrceS funds ènd of th• p•rtod R08trf￿•d fundg.. Indabax 2025 sponwtshlp 59.(W 8TI.7n (881.653) 5W9 Tglal reJtrict4d lunds 59,OW) 877,772 (8J1.fJ53) S5309 Tolal unro•trl¢¢•d funds 83.425 24.540 12.356 95.609 Total funds 142.515 902,372 150.818 y••r •rMlod 31 Alarch 2024 Atthe Trartsfers Attho dof th• perlod thg Inc¢Trwng Outgry fur￿8 R•strktsd fvNIs.' lud8b8X 2024 spon3ow5hip 43.416 651.873 1636.199) 59.090 Totsl r•strf¢t•d lunds 43,416 651.873 1636.199) 26.(M)4 $2.872 B3,425 Totsl fvn(l¥ 17.412 814.174 689.071 142,515 Purpo¥o8 of T•¥trlct•d fund* Indab•X 2025 sponsorshlp SFon$orship of INJobaXe¥ents tskiryJ pl8¢6 In 2￿5 13. UABILITY OF MEIA8ERS The charitable corroary. baing Limiled ty Guarant88. has no sharg capital. In the ovwrt of the chafitable cnmpany belng wound up, Il* M￿lI¥jM liability of any member towards the d&bts or 118bllllles of the olarltaNe c*)mpany Is £10 85 laid iknm In the Memorandum and Aruckn ol Assodaoon. 15