06rJJs4n E￿Ope ID FDACCS8tsC971H2CI>865A-E81C95B(fEA7 Chanty regLStr¥bon number 1207394 {England and Walesl -company registration numtser 1495SS35 DMI NETWORK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 •AEWll842 IW1¥2025 COMPANIES HWSE RES #14 D&cu$ign Envdopp ID FDACe55fyC97(U2c￿B65A.E8lCgSWAT DMI NETWORK LEGAL AND ADMINISTRATIVE INFORMATION Chanty na I)MI NETW)RK Other nam95 y￿d DMI. Oevelopment PAe(lia Iniemalicffj TN5tees Mr Mar* ArthewAdaff Pfofessor David Lowell Heymann {Chair) Professor Robert HOr￿k Ms MèrcyJuma Mr Paul ThEba S•crnlary Mr Douglas Ha Sènior management Roy Head Dw9las Har Radha Chakrab Joanna Murray Matthew Lavo Chiel Exeojtwe Officer Chjefoperaling Officer Crealwe DJre¢tor DireC￿r ol Researth D1￿clOr of Slratègy and Partners￿pS Dwedcw of Strategy and DevÈlowienl (Unt AugU5I 20241 Cathryn W¢KNI Charrty nurnbèr 1207394 ¢¢mpany nurnber 14955535 Re91gtered offi¢t CanalsKle Studw)5 8-14 St Pancra5 Way NW1 D2G Auditor Brown Warnw LLP 38 Nortligaie Newark￿On.TlPftt Notliwmslu NG24 IEZ Solicrtors Shakespeare Martineau LLP 60 Gracethurth Streel Lond EC3V ￿1R Bankers LLoyds Bank P 36 Chequerslrnel St Albans AL13YQ Docusign Envelope ID FDAcC55￿g7￿42C￿86s￿E01C9￿cFA7 DMI NETWORK CONTENTS Tfusiees. report Statemenl of trustees. reswwknht*$ Independenl audilorfs re[￿rt 8-10 Statement ol finanaal ath¥rt 11 Balance sheet 12 Statement of cash ffl¢Ms 13 Note$ lo the ffinanoal Statements 14-27 ,Db¢u$i9n Envelope ID FDACC550¢97fA2cfy865A￿IC5Se￿FA7 DMI NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trusleei are pleased to present their annu81 DiredtWS' togelher wrth Ihe finanoal stalements ol the p8renl ¢harilable ¢Qrnp8ny and Its subsidi$nès lor the year ende(1 31 March 2025 whth are also prepar¢d lo meot Ihe requirement$ lor a Diiedo¢s' report and accounts lor Cornpan*s Act purposes The financial statements have been prepa￿￿ ￿ a￿ordanCe wrth thÈ 8¢¢ounting pohtsès sel out In note 1 lo the ffinancial statements arwj ¢￿rtplY with Ihe than￿S Artdes of Assouation. the Companiès Act 2CrtJ6 and-Accounling and ReportiThy by Chanlies Statement of Recommended Pradtt to chacibes prepanng their accounts In accordance With Ihe Finanoal Remng Standard apph¢able in the UK #nd Rèpuls￿ of Irèland (FRS 1021. (effective 1 January 2019) Objectives and actsvitses DMI NETWORK Is Ihe parent company of a not-fw-profft gmup fDMII that ￿e￿loP5 and ddivers ewdence-based 5orJal and behav￿Ul change {S8C} campai9ns to ImpKove heatth and save INes In low- and mTrddle-Inwme eountnes DMI Is the fiist organisat￿n to deM￿strate Ihffjugh a randomised ¢>)nlrolled Inal IRCT). ¢amed out in Burkina FasD from 2011-2015. Ih81 mass media intèwvÈnknons can change beha￿OUrS The RCT showed that DMI'S r&Yio ¢amp81gn led to dramati¢ increases in parental Ireatment-seeknng behavM)urs In inleryentton zones compared to controls. whiGh mrr¢sp<￿￿ed to roughty 3,000 children's INes saved l Ec4)nomic analysis suggests that OMI'S Inler¥ention Is among the mosl cosi*ffecbve ways of savirg th￿di¢￿'S lives 2 A $econd RCT found that DMI'S laM￿Y planning campawn led lo an tncrease Jn rnodgm ¢ontraceplNe prevalènct rale of 20%, approximaiely doubling Ihe rate of conlraceptNe increase lor a small fraclJon17 5%) of ihe of all other national Investments In farnily plannlng 3 DMI Is rated as one of The Lrfe You Can Save'$"BE$t Chanlie$', which rep￿sent stsme ofthe mosl costoffethve Tr)n•profil orsanisakn In the wowkl DMI'S pnnvpal adivity Is to design and Im￿ement SOC4al and beh￿￿r thange campaigns In low- 8nd mHldle- Incom• countnes Statement of Public 8enefft The Trustee3 have conwdered the Chanty Comffllss￿n'S guidance on PU￿1¢ benefft ThÈ charity exisls lo diSseM￿ale knowlèd9• fo( the public benefit, advanung health. educattsm. communrty dtveknp￿ent, human nghts. and environmenlal protection Through rts acbwbes. the thawrty promotes awarèness and encourages behavioural change3 that help peopl? ptote¢t their health. seek bmely Med￿31 Ire8th*ni, plan and rdlsè healthy familtes. respecl equalily. Improve agncultural productivily, orKI enhance theTrr overall quality of life Th¢ Twstees are satisfied thal these activities proV￿e dear beneffits to the or a suffioent sec1￿7 of the pui41¢. wrth any pn¥ate benefit being Inudental and necessary lo achieve the chariVs a1rn5 Obcuswjn En¥￿￿?pe ID FDACCSSfyc97N2C￿86s￿￿BlC9S￿KFA7 DMI NETWORK TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢hievgments and performan¢e Dunn9 tho 24r25 fin8ft￿l year DMI wnpleled SLX p￿eCts SUNRISE. a ￿rnOnth earty childhood devdopmert (ECDI lad￿ Carn￿9n and RCT In Bufkina Faso. co- funded by Wellcome and The L￿h1 FoundatLon Laafi, 0 12-month ¢hil(J suryival radio caMpa￿A pnmoknng Irealment seeking behaw(NJrs in Buthina Faso, ltsnded by Injsts 8nd foundalM)ns that support DMI via UnresIr￿ed funds okoo, a 4-month labour nghts proiect in the r￿c08-grOwing regions of Ghana. lunded by the Norwegia AgenGy for Development C￿pera110Th {Noradl through the Inlematwal Cocoa InI￿al￿e Clearclear. 8 4-monlh lad￿ ￿mpaIgn In Uganda aiming lo intrease the uptske of rèading glasses for tTrKsse experiencing p￿SbY0P13, lunded by the LNelihood Impad Fund CHOICE. a 9-month family planning campaign in Uganda, funded by the Catalytic OpkX)rtunily Fund Zaza Salarna, a 27-monlh thilrj survwal rad￿ campayn In Madagascar. fvnded by trusls and foUndati￿S thai support DMI unreslncted funds DMI ¢ontinued to operate In eight counlnes the folby4Vfft9 ￿c￿lS Bu￿1n8 Faso Laafi 11, a 36-monlh SL￿W¥ ra(Jio campaTrgn worrKJting treatmÈnl seeking behaviours funded by Rauch Farnity FoUnda1￿ft. WAM FoUnda￿on and foundatstyls Ihat svpwl DMI via urbreslncted funds C￿e d'lvoire STEP. a 9-monlh pwJe¢t promotin9 awareness arov1￿ educatw and Ihe re(ludion of child labour and posliu¢Je exposure funded by Internatsonalccrtoa InilkalL¥e. Chocolonely FoUndat￿n and Nestle This proiecl has been managed Ihrough DMI'S Burknna Faso office Madagascar Zaza Salama 11. 8 15-rnonth chikl $urvp4al rado c•npagn funded by trusts and foundations thal supwt OMI unr•slncled funds Malawi Mwana. a 15-month early thiidlK>od devekynent radK> campaign funded by the JBJ Foundation Maunlania MHM, a 24-rnMth menstrual hygiene management ￿rnpa￿Tr In maufttan￿. funded by the World Bank MozambIque Fortalecer11. a 12-monlh ¢apacity Iwikjing project v•ilh rad￿ stations lun(led by UNICEF Munnuwelo, a ￿mOnth projeci njnning an early chiidhoc#J developmenl raJio campaign funded by Ihe Conrad N Hilton Foundats Sabor, a 37-monlh ratlro, lejevwon. and soc¥al Med￿ campaign lo rrf(¥nDle anjmal source foods consumption funded by the Gbbal Allonce lor Imwoved Nut￿t￿n Tan2￿la MCHAT. a 44-monlh digilal health project funded ty Hor8￿ Goldsmth Foundatson, UBS Optimus Foundation and fOUnda￿nS thal support DMI unrests￿le{l lunds Tunza Afya. a 57-month nationwdÈ child suM¥al radio CaMpa￿n fvnded by Cart￿r Philanthropy and foundations that suppNI OMI vo unrestncted fur¥Js Jamii ni Afya, a e-month projtcl in coUaboraiTron wilh O-tree to ueatè èarty childhood developmènl videos for community heallh ¥olvniÈers In Zanzibar. funded by Ihe Conrad N Hiltorb Foundation Maleii 111. a 6-month project In Colla￿￿8t￿)n wrth EGPAF creatsng videos on thibj health monitonng fsy healthcare worters lunded by the Conrad N Hrtton Fojndatw thrwgh the EIEabeth Glazer Paediatiic Foundalion Zambja Samala Umoya, a ￿Month natsonwde reprod￿t￿e. maiemal. newbom and child health radio campaign funded by James Percy FOunda￿n and founda1￿n$ Ihat 5UPPOrt DMI via unrestncled funds O¥cu5ryn Envelope ID FDACG5W97(￿2cfy86sA￿8lc958￿FA7 DMI NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2025 Our approach to fundraising a¢b￿be9 DMI does not acb¥ely fvndr815e from the putA¢ or run bega¢y ¢ampat9ns or urrflertake similar fvndraisirKJ acbvTrties in Its own nght or via a trading $ubsi¢Jiary or third paty DMI Is pleased lo ￿ceNe unsolbcited gifts and 1•gaoès from supporters who leam about DMI'S work. and there is a farylity Io rnake such donaknons on DMI'S website Howevei. there are no plans to aclivety fundraise fr￿ the pubk in Ihe fore¥¢eable fvture Financial re¥*w The group's total Income for the year was £10.091.7% {2024 £10,054.200) Of Ih15. £7.320.165 r¢laled to unreslncted funds and £2.771,S311o restncted funds Grant Income was the pnnopal 50vrce of income. lotalling £8,260.503182% 01 total income) Services i￿ome was £628,28216%1 and £301,58513°/ol was Interest ra15ed on cash held Other Income amounted lo £￿1,426(9%). refflectWl9 the ￿lU￿on ol Oevebpmenl Media Inlemabonal CIC'S feserNès on Consolida￿0￿ as ai 1 Apnl 2024 Total expendilure for the y•arw3s £6,113,7￿ {2024 £3.CQO). ofwhK* £3.274.970 related lo unresthdgd fvnds and £2,838.820 to resir￿ted funds Unitslncted fundwKJ was mainty used to support malemal and chikl health Wol￿ts In DMI'S countnes ol opèration £335,763 was spent on raising lunds P024 Enil) £1,779.OS3 of èxpÈrMliturÈ relatèd to support costs12024 nd) Support costs iThJude cenlral functions such as finan¢e, IT, prÈmises and 9enÈral administration, which ena￿• the chanty's actwibes to opwate effeclivety £44,159 of expènditurè rÈlatèd to yo¥emane• cosis P024 £3,Cth) &)vemance costs represenl Ihe expenses associaièd wilh ènsurin9 chanty Is property run and cOmpl￿nt wlh stalulory and wulalory requirernents These costs includè èxtèmal audit and assurancè seNI￿s, le9al aThJ prole$s￿al ad¥￿e ￿lating lo governance matters, and Ihe preparntson of the statulory a¢¢¢unts Support and 9o¥ernance costs are allocated auoss Ihe tharty's actwibes on the ba515 of 51aff lime and usage of cenlral support fijnctions Ounng the year, SUP[￿ and governan￿ costs Increased due to the consolidatson ol the DMI Group The year ended Mth totsl funds 01 £14.029.2C612024 £10.051.2WI. compnsing £14.027.973 unre51ncted lunds and £1,233 restncted funds Net assets have in(yeased by £3.978,[￿ cornpa￿d to the pnor year. 18rgely due 10 the reGeipl of a substsntial one-off unrestrKled donation Of the unreslncted lunds. £9.548.213 has been deS￿nated t fvI￿ Ghild and rnateinal health p￿1¢￿5 In DMS wintrw of O￿la￿on over the next three years The Trustees ¢onsid¢r Ihe ffir7anpal lo be 5trorwJ aThJ bel*ve Ihe thanty wd1-pl￿d to conbnue its actmtlès In the wThn9 year Reserves policy The key management personnel have re¥￿ved Ihe dwty'5 resewves poly At group revel. the pdicy to Ma￿taIn unresliicled reserves sulficient to cover 12 months of opernknng costs. induding salanes This ts currentty esDrnated at £4.350.000 Al Ihe year.end. free reser¥es (exduding restncled and des¢9naled fvndsl slood at £4.479.760, £129.780 13%} above the larget levd £900.628 01 Ihe £4.479.760 Iree ￿serveS Is held as a reserye by De¥dopmenl Media Inlernalional ASS￿l81t8 CIC to provide a cash flow bu￿r. ensunng continuity of ¢peRiKM$ in Ihe event oftsming differen¢es be￿eeft irKomè ieceipls and èxpendilure commilments or other unforèseen finantsal thswplths This am￿nt Is Suffiuent to cover approximately three monlhs of the subs5diaWs cvrrent operaljng and contraclual obligat￿$ Holdin9 these lund$ within Oevelopmenl Media Internat￿nal Assooates CIC allows operalional flexibility. rapid response to funding gaps. and ihe safeguarding of group IIquKlrty withoul requinng Ihe IMMed￿le Ix4uKJation of imiestments or the djversion of reslnded fund$ Do¢u￿￿ Envdope ID FDACC55fyC971H2CfyB65A-É81c956￿A7 DMI NETWORK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk managem•nt The Chiefoperaling Officer maint￿nS a nsk reg1ster￿entt￿n9 Ihe Strategic nsks to OMI NETWORK This Is revi•wed al le8$1 artnu811y by the Board of Trustees The Twslees are atso upyaled if rthvnsks anse The Chief Operatln9 Officer Is also respon￿ble frrf ensunng Ihat nsks at cojnlry and proi¢¢t level are properfy Idenlified and an adequatè response stral•gy Is pul In place This respongtr*lity exlends to heallh and 88fety In the w0￿p1aCe as well as Ihe safety and serunty of anyone travelhng on behallol DMI The pnncipal risks and vncert¥ithes facing OMI dunrrfj the 24r25 finanoal yearwere as folcths Cvllap5p of USAID funding for global he•llh In eaity 2025, Ihe US government cancelled the majority ol VSAIO contracts, with S￿nrf￿ant •m￿￿8t￿n¥ lorthe Inlematwl development sector as a wholè While DMI was not directly receiving USAID fun¢Jing at the tune. It was a subconiractor on several pending bids Mlh a asonable expectat￿￿ of success In addi1￿. OMI has re11ed on VSAID-lunded wogrammes. swh a5 the OHS survey. lor daia used In moddlin9, propcl deswn. and e¥aluatwi The wder inairect Impa¢t$ of these cancellations are likely to become clearer over knme 2 Unstsble $ecuNty situations in countnes of *)peratson Cbvd unrc$t In Buthina Faso. dmien by Islarnic terrorism. conlinues lo rèslnct OMI'S thlity lo operate Ireety Nevertheles5. OMI has maintained effethve operations across m05t of the counlry by adaptirrtJ rts approath In certain areas In moZamb￿Ue. activities were temporxnly disrupted by unrèst folk)wmg Ihe wesKlential electicx) tn late 2024. but the 51tuatson had sta￿[1$?￿ by earfy 2025. allo￿￿9 DMI lo resun* rts ful fange of aclivrties 1 Changing media Consumptson habits whi￿ iadKJ remains Ihe pnmary source of mdia lor most people In SU￿Sahara￿ Africa. data IndKates a rJpid wease in Mobi￿ phone ownèrship. leading to greater access to medw through digitsl channels Donors are also plaong Increasèd èmphasis on IncO￿oIatIn9 digital dJslnbtAion methods Into DMI projecis In response, DMI is testsng altematNe approx¢hes while maintsining It$ commilment to (osloffeth¥eness 3 Fragile funding environment As for all dorKtr fvn(Jed oryHThsat1￿5. DMI must be mindlul of the fragility of Ihe funding environment Rel￿nCe on short.term. proiecl-based grants and a Iimite¢J donor pool èxposes INGOS to sudden shill$ In funéirKJ pnonbes. ueating volatility Ihal can disrupt pro9ramme delivery and long- term planrung However. DMI mafftlains a strong finanual wilh ￿ServeS suffiryenl to weather some shorl-tèm ¥olatilty Plan$ for future p¢nods DMI has Secured funding fiom a r8n9e ot dOr￿lS forfvture wqe¢ts Better Health. a 24-month regional chikl 5uMval radK> carnpwgn funded by foundallons that Support DMI via unre5tncted fvnding slarte(l on l Aw 2025 Unre51nGled d¢)nalions will be used to exteThJ existing m8tÈnwl ar￿ d)ikl hÈaNh radio campaTrgns In Burkina Faso. Madagascar. Tanzania. and Zambo and iaunth new proie¢t$ on Ihe same Iheme in Malawi (siartmg In October 2025) and Mozambique Islarting In January 2026) Van Leer Foundation an eaFty Childhood developmenl woJe¢t In Ethiopia JBJ Foundation for an exiènsion to bAwana. an earfy thiklhood develowent campaign In Malawi From a ¢orporate structure per5pèthve, DMI willconlinue to rnove ils. headquarterfunchons to OMI NETWORK dunng the 25126 finanual year This Mll IndLtde transfemng Ihe employment of staff as well as supplier eontracls. building leases, and doftor a9￿èmèrttS New projecls vnll be managed through DMI NETWORK In Ihe short lerm, DMI will Implement service lgvel ag￿eMen15 to govem the ￿lO￿onShIp be￿n DMI NETWORK and the subsidianes, branches, and relaled entities Longer lerm. owrwhip of Ihe brand)ès wll be transferred to DMI NETWORK and Development Me+Jia International Ass(Kiates CIC will be relained a5 a lrn(Iing subsidiary within the DMI group 'POVJ51gn Enveh)pe ID Ft)AcC55￿c97042cr￿Be&q-EOlc95e￿FA7 DMI NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stru¢tur¢. governan¢e and mana9emeDt Qoveming Document OMI NETWORK Is a pnvate chantable company by guarantee. ￿Col￿orated on 30 Avgust 2023 and registered 45 a thanty In England and Wales on 11 Mar 2024 The company was ¢slablishe¢J under a Mernorartdum ol Asso￿311￿ and Is governed under rts Arlides of A5soc4atK)n also set out the objects and powers of the ¢hanlable ￿￿panY In the evenl of b￿n9 wound up members are reqwre(I lo rnntnbute an arnount noi exceeding £1 Trustses rhe Tnjstees. who are also the directors for the purpose olo)mpany law. and t•tho seNed dunn9 IhE year and up lo the date ol signature of the financ￿1 slalements werè Mf Mark Andrew Adams Professor David Lowell Heymann {Chair) Professor Roberl Hornjk MsMefcyJuma Mr Paul Thieba R•cruiiment and appointment of Trustees The Board Con￿St$ of no fewer than threè Twslees. wilh the maximum number lo be determin￿ by the member from timÈ io time Trustees. nomial lefm ¢1 office is lh￿ yeats, efigibility for reappwnlmeni for a further term of three yÈar$ However, the members rn8y consider Ihe tést Inte￿$ts of DMI NETWORK f¢y Tw5tees to setve lurtt*r tems a5 Ihè members shall derydÈ Tts maintain a broad of skills and Èxpenen¢è ert the Board. the key management personnel Identify areas ol weaknèss or gaps ihai have beèn crested Tmsiees rÈtinro frcxm Ihe Board IndwvJua15 a￿ apptoached and tnay be appointed to the Board ofTrusieÈs $ubJett to apryoval by the members Organisatsonal strutture DMI NETWORK'S Board of Trusiees meet$ at lea$1 three times per year as a 8oard In addrtH)rb, a Finance ?nd Audit Commiltee ￿n¥ene$ as required, bul at least tswce annuxlly Day to day responsi￿111Y frm Ihe runnin9 of DMI NEf￿)RK Is delegated by Ihe Trusiees to the Chitf Exeeutsvè Officer and the sernor mana9¢ment team DMI NEIWORK Is Ihe sde member an11 de owrer of Developmèni Media Intemalional Associatès CIC (company no 60693221. which has branch offKe$ In Burkina Faso, Elhyia. Madagascar. Malawi. MozambNue, and Tsnzansa T￿se branches are re￿sIere￿ as nonwyemrnentaj organJsatfDn5 Jn their ¢c￿nI￿¢S bul have no Independent legal slatus In Uganda. DMI Med* ITrtemat￿n41 AssocJation Iugandal Ltd Iregislered In Vganda. company no 8002000168981411s 3 ¢ompany limited by guarantee. conlrolled through rts Board comp0511iDn aTrd operalional processes by DMI NETWORK'S k•y managèment personnel. Ihal carries out DMI'5 aclivilies in the country Similarly. DMI Med* Internatkjnal Zambw Ltd (regisiered In ZaM￿a, company no 2201900000701. also eA)mpany limitèd by guarantee. IMp￿mentS DMI'S in Zarn￿a and is Iikewtse under thè control of OMI NETWORK'$ key manayement personnel Th& entit￿5 ￿ Uganda and Zambia operate on a not-for-profit basis and any operating sU￿u$ Is re- Invèsted In fvlure DMI actwit￿S Dumg the year In quèslion bolh ethiknes rèc8ived 100% ol their funding from Development Media lrttemational Assouaies CIC Togelher. OMI NETWORK. De¥elopment Media Aswciales CIC. the brdnch offices, arKJ the two companies Iimiled by guarante• lorm Ihe DMI Group I"DMI"). with OMI NETWORK as the paieni com￿nY Key man•gement personnel The Trustees and the senior managernenl leam ar¢ consK1er¢d the key management personnèl of DMI NETWORK and the DMI Group En¥elope ID F0ACc5￿c971￿42CI}86S4-E0lC$SBiKFA7 DMI NETWORK TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditor In aecordanGe wilh the ¢ompanW5 art￿¢$. a resoiubon mh)sing that 8r(h¥n IN*ner LLP be reappoinleil a$ audrtor of the comkany will be put at a General Meeting Diselo$ure of Informatym tg auditor Each ol the Trustees has confirmed that there ￿ no infomwb¢)n ofwhth they are awarewhKh Is relevant to ihe audit, but of which the audrtor Is Unawa￿ They have furlher ￿nfI￿ned that they have taken apprsjpnate steps to Identify such relevant Informa￿On and to establish that the a￿￿10[ Is aware of such inlom)al¢on The trvstees, report W85 approved by the Board of Trvsiees Mr Mark Andrew Adams Secretary 15112Q025 Date Footnotes 1 Murray J, et al (20181 Modelling the effect of a mass radio campa￿￿ child ￿￿rtalIty u&ng faolity ulilisation data and Ihe Lwes Saved T(*sl (Lisf) findings fr$￿￿ a duster randoThMsed tnal In Burkina Faso BMJ Global Health 314) 3 Glennerster R. Murnay J, PoulNuèn V {20211 The med￿ or the Message? Expenmenlal EvrdÈAce on Mass Media and Modem ec￿tracep￿oTh Uptske In Burknna Faso Gent￿ forthe Sludy ofAlncan Economies (Wo￿1n9 pgperl DopJ51gn Envelope ID FOAccssrkC97￿2cW￿E8lc￿8￿FA? DMI NETWORK STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 Thè Trustees. who a￿ also the 11￿C¢C￿$ of DMI NEMRK fof the pu[￿Se of company law. are responsible for prÈpanng the Tnjstees. Report and the fina￿la1 stalements in attordance wrth applrcable L¥w and United KirwJdom Aceounling Standards (Uniled King(Jom Generalty Ac£epled Aecounting Pract￿) Company law feqvires the Tnjslees lo prepare finanoal ststèments for each finanthal year which give a true and fair view of the state of affairs ol ihe chanty and of the incoming resources and application ol resources, Induding ihe In¢omè and expendrture. of the chantable company for that year In preparing these financial statemenls. Ihe Tnjstees are required 10 - select suitable accounting pol￿￿$ and then apply them ccffisistertlly. - observe the methods and pnnoples Charilres SORP. make judgements and estsmales that are reasonable and prLMJent. ar prepare the financial slatemenls on the going concem basts unless il ￿ inappropnate to piesume Ihat Ihe ¢hanty will continue in operali¢)n The Trustees are re5p¢)n$1￿e for keeping adequate accountsng rewds ihat dwlose with rea50nabl? awwra¢y at any me the fin8n¢ial pOSi￿on of the Ghanty and enable them to erbsure thal the financ￿1 statements comply with ihe Companies Act 2006 They are also responsitAe lor Safeguarding the assets of the chanty and hence for laking reasonable steps for Ihe wevention and delection offra￿j and ollw Uregulanbes tjowsign Én¥*lope ID FOACc550C97(M2CI￿5A£87c95£OcFA7 DMI NETWORK INDEPENDENT AUDITOR'S REPORT TO THE MEMBÉR OF DMI NETWORK Opinion We have audrted the finanrjal statemen15 of OMI NETWORK Ilhe 'parent charilaiAe cornpany'l and Its subwdianes Ilhe y¥oup'} lor the year ended 31 March 2025 which C￿p￿Se the cons(Hidaled statemenl of ffinanryal aJivities. ihe group and parent charitable company balance sheets. ihe slaiemenl of consolidated cash ftows and note5 to the finanGial slatemenls, Induding significant accounting pc4￿$ The finanual reporting framework Ihat h35 been applied In their preparalion Is applicable law and United Kingdom Accounting Standards. it)cluding Financial Reporbng Standard 1Q2 The Financial Repoffjng Standard appkable m th• LIK and Repubhc ol Ireland (Uniled Kingdom Generally Accepted Accc¥Jnting pract￿e) In our ownion, the finanoal *atements give a Irue and fair view of Ihe slale olthe group's and parent thanlatle company's affaits ès al 31 Marth 2025 and oflhe group 5 and parent chantable company's inconyng we%￿rceS and app1Kat￿n of resources. IncI￿Ing. Ihe group's and parent Income aTrJ expendilure. for the year Ihen ended. have been propeily prep8red In accordance wth Unrttd Kingdom Generally Accepted Accountsng PraCt￿e, and have been prepared In accordance wrth the fequiremenls ofthe Companies Ad 2 Basis for opinion We conducted our 8udit in arMrdan¢e ￿th Iniemabonal Stsndards on Audrtifyj IUKI IISAS IVK)} and applTrcable law Our responsibilities under those Star￿ardS are further descnbed In the Authlorfs ￿Sponsibl1$￿e5 for the Audit of the nancial staremenls section of our report We are Independent of the group and pareni Chan￿ble company In 8￿rdance with the ethical requirements Ihat are rdevanl to our audrt of the finanryal staterrenls In the UK. IncltJdin9 the FRC'S Ethical Standard. and we have fU￿￿le￿ our other ethul responsiblrties in accordance with Ihe$e requirements We believe that the audil ev￿er￿e we ha¥e obtaine(l is svffvenl and appropnate to provide a basis lor our ownion Conclusions relating to going concem In auditing the financial statements. we have conduded that Ihe trustees. useofthegoing concem basis ofac£ounting In the preparation ol the finanual slatements Is appropnale Basecl on Ihe woth we have perfomied. we have nol Iden1rf￿d any malenal uncertwnt*s celahng lo events or conditions Ihal, Indiwdually or cdleclwdy. may cast ggnfftant ¢Joubt on Ihe group's and chantable company'5 abilily tts continuÈ as a going concern lora perul ofat least ty¥e￿e months fromwhen the financial statements are authonsed for issue Our rÉsponsibLlthÈS and the responsilyhbes ofthe Tnisteeswrth respect lo g￿n9 concem are descnbed in the rÈlèvani seejions of this report Other informatjon The other Inforrnation eamprtsÈs the inf0m￿t￿ IntludÈd m thè annual rÈport other than ihe finxnejal ststements and our audilofs report IhereDn The Twustees are re$pon$ible forthe olher informalion ￿￿taIned wilhin the annual report ()Jr opinion on the financial statements does not 07ver the other informat￿n and, ex￿P1 to Ihe extent othe￿15¢ explicitly slated In our feport. we do not expres5 any lo￿￿ ol assuranGe widusion thereon Our re$5K)nsibility 1$ to read the other Information awvj. In doing So. rnnwder whether the other Information B matenally Incons￿lent with Ihe finanual slalements or ¢)ur knowl¢dg¢ obtained in the course of Ihe audrt. or other￿se appears to lje matBrially misslated If we Idenlify su¢h malerial Inwnsistenue5 ¢y apparenl matenal mwtatemenls. we are required lo detem)Ine whether this gives nse to a rnalenal misslatement ￿ the finanrJal staiements themsetves If. based on the work we have performed. we condyde that Ihere is a malenaf rnisstatemenl of Ihis oiher Informat•)n, we are required lo report that fact We have nolhing lo report In this regwd Opinions on other matters pre￿nbed by the C¢mpanies Act 2006 In our opinion, based on the wixk undertaken in the course of our audit the Information given In the tnJstees' report for1￿ financ￿ yeaf for whKh the fin8noal statemenls are prepared. which Indudes the directors, rep)rt prepar￿ for Ihe pu￿Se$ of ¢omparby law. Is consi$tent with the financ4al slaternenls. an Ihe dire¢lots' rewjrt Indvded within Injstees, has been preparad in atcordance wrth appluble legal r￿ul￿ernents Envelope FoACCSW97fA2Clk86￿1C9sB1ThA7 OMI NETWORK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBER OF DMI NETWORK M8tt¢rn on whi¢h we are required to report by exoptson In the Iwht ol the knowledge and unders(anding of the g¥oup and parent cha￿table company aThY its enwfonmenf obtained In the ccmjrse ol the audit. we have not Idenllf￿d matenal misslalements In Ihe directors, report Included within Ihe tru51ees' ￿port We have nolhing to rep)rl In ￿spe￿ ol the follry44ing matters In ￿la1￿) lo whth the Companies Ad 2(XJ6 requires us to report to you If. In our opinLon adequate accounting records have not been kept by the parent tharslable company. ￿ rtrluins a(lequate for our audit have nol been re¢eived from brarthes not wsrted by us. or the parent c*arrtaAe c)yryyanls ffinana81 statements are not in agreerw*nt Mtylh the accounting records arid relums, or certain di￿10SureS oftnjstees. remuneratsjn spectfied by faw are made. L¥ we have not recewed all the Infomalth and explanabons we require for rJur audrt. or the Trustees were not entilled lo prepare Ihe finanoal statements m accordance wrth Ihe srnal cornpanies regime an(J take advantage of the sman Compan￿5. exernpthy￿ m prepanng Ihe Irustee5' report and from Ihe requirement io prepare a strategic rewrt Responsibilitses of Trustees As explained more lulty in ihe stalement of Inis¢ees' re$p)nsitslibes. the Trustees. who are also fhe di￿lOrS of the chantable company for ihe purpose of cornpany law. are ieskkMsible ihe preparat￿n ol the finanoal Statements and for being Satisfied thai they give a twe and fair ¥￿, a￿1 for suth intemal control as Ihe Trustees determine is necessary to enable the preparatson of finanaal statements that are free Irom maieftal misstatement, whether dtse lo fvaud or error In prepanng the finanual statemenls, the Trustees arè responsible for assessing the group and chantable company's a￿lIty to contsnue as 8 goiTrJconcem. disdosing, as applicabk. matters related to goirMJ concem and U￿ng Ihe going coneem bays of accounts￿ ￿n￿sS the Twstees either mtend lo liquidate the group or parent thariiable company or to cease operatws, or have no realtsbc aMematTve bul lo do so Auditors responsibilitses for the audrt of the finanrial statsfflénts Our obieclNes are to obtain reasonable a$surarKe aboul whether the ffinanaal statement5 as a wl)ole are free from malenal misstatemenl. whether due to Iraud or error. and Io ISSL* an auditorfs report that Indudes our opnion Reasonable assuranrx Is 8 high level of assurarLce ￿J1 Is nol a guarantep Ihat an audit C￿￿Ucted In acLordance with ISAS IUKI will always delect a matenal mi$slatemenl when Il ¢￿sts Misstatemenls can anse from fraud or error and ai¢ ￿n￿derely malenal If. IndiV￿U￿11Y w In Ihe aggregate. they cwld ￿aSOnablY be expected to inlluence the nomiG deosions of users taken on th¢ bays of11￿Se finanual staiements The exlenl towhith our proGe{lu￿$ are (apable ol detecbrwj Ir￿Uldn￿e$. I￿uding fraud. LS detailÈil below We ￿entsfy and a$$¢ss Ihts n$ks of malenal misslatemenl of ihe group's and parent chanlable Company's financial stalern?nts. whether due 19 Iraud or error, design and perttym audrt prrte(lures ￿spOnSive to those nsks, and obtain awjil evKI¢￿e Ihat Is sufficient and appropnate kn provide a basis for our opinion The nsk of not deiectin9 a matenal tnisstal¢menl resulbng from fraud Is hi9her ihan for ore resulting frorn error. a5 fraud may involve collusion, lorgÉry, Intentional omissions, misrewesentatiG¥ts. or lh¢ ovemde ol inleinal r>Mtrol We obtain an understanthng of Intemal control ￿leVant to the audrt in order to design audtl procedures that are appropnate ir4 the urcvmstances, but not lor the purpose of expresyng an on Ihè eflectiveness ofthè group's Inlemal control We evaluate the appropnateness of attounbng Pol￿ used and the reasenablenes5 of accLJunlin9 estimates and related disclosures made by the Injstees We conclude on the apwOpr￿ienesS oflhe Intstees, us• of the ￿n9 concern ba￿$ of accounbng at)d. based the audit evidence obtained. whelher a matwial urtcertainty exists related to events or conditions Ihat may casl significant doubl on Ihe group's and chanlablè company's ability lo ¢tsntinue a5 a going concern Ifwe condudè that a maienal uncertainty ex151s, we are rèquired to draw attent￿n in our audrtorfs report lo the relale(J djsdtssures in the financial statements or, If such disdosuies are Inat1equate, to mojify our o￿Th0n Our conclusiorts are based on the audit evidence obtainèd up lo thè date of our audilorfs rèport However. fvture events Of conditsons may cause Ihe chanty to cease to continue as a going cOn￿rn Docu51gn ÉnvelDpe ro FDACCSSfyC97(H2ClkB65A-E81C95BLVA7 DMI NETWORK INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBER OF DMI NETWORK We evaluate the overall pre¢entatson, stmcturè and cont￿1 of ihe ffinancFal statements. Induding the d¢sdosures. and whelher the financial slalements represent Ihe underlyiThJ tran5actM)ns and events in a manner that achipves fair pre5enlabon (i e gi¥es a true and lair vièw) We ¢ommuni¢ale wrth Ihos¢ charged wth govemance Tegardir@. amrmg other matlers, the planned srKJpe and timing ol Ihe audil and significant$udii findirrfds, indLMliro arty6ffjniftantdefraenoes in intem81 ¢ontrd Ihat we Identify dunng our audrt Irwulanbes. InGluding fraud, ar• Instances of non•COrn￿ranr% with laws and regulaI￿nS We desgn procèdures In line with our res5K)nsityilikne8, Outlined above. to detect matenal misstatements In respècl ol Irregularilies, Indud1ng fraud The extenl to which Our proCedU￿S are capable of (letecting IrregLtlarilies, Indudin9 ftaud Is delailed beh)w making enquines of managemenl a$ to where they considered therè was sUS￿Pti￿lity to fraud, their krtowledge ol actual, suspected and alleged traud. considenng the inlernal controls In place to mibgate nsks of fraLKJ arKJ Th)n4omplffjnce wrth laws and regulations, and tested Joumal ent￿$ lo idèntify Unusl￿1 trans*￿￿. assessed whelher iudyèments and assumplions ffl￿le in delemin￿ the 8¢¢wnlin9 estimaies were Indicalive of potential bias, Investigated the raiionale bthiThJ swrNficant or unusual transactths. agreeing financ*1 st8temÈnt disdosu￿s to underfyiThJ 5UPPOrting docUmental￿n. reading the rninute% of mèetings ol those charge(I 90veman￿, enquinn9 olmanagement ¥$ t¢ a¢tual and potentsal I￿gath)rt and dams. A further descnplion of our re5ponsibiktie$ Is a¥ailabte on the Finan0* Reptytng C￿JnCI's web511e al hllp5 11 w frc org uklauditorsresponsibilities Thts descnptwjn fr)rms part olour a￿1￿0￿$ fepori Use olour ￿pOrt This report Is made solely t¢) the chantawe company's members. a5 a tjody, In accordancE with Chapter 3 of Parl 16 of the Ccwnpanies Act 2006 Our audit work has been underlaken so that WÈ ￿9h1 slate to the charitawe company's members those malters we are required to stale to them in an auditorf5 report and f(K no olher purpose To Ihe lullest exlent permitted by law, we do not accept or assurne respM%biJrty to anyone othÈi than the chantable company and the chanta￿e company's members as a body. lor our audrt work, for this rermlrf. or for the opin50ns we have f(wmed David Brown (Senior Statutory Al￿￿or) For and on behalfol Brown Wamer LLP. Statutory A￿th1or Chartefe¢J A¢¢ounlants 38 Norihgate Newark-on-Tienl Nottinghamslm NG24 1EZ Date 17 10- Dow Envelope ID FDAcC5s(￿cg7rA2C￿e6s¥E81cgS81KFA7 DMI NETWORK CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrèstnetsd funds Rtstnetéd fvnds Total consol￿ated funds Tolal Unrtslnttsd Chanty funds a¥ restated 2024 2025 Income from Donalions and legaues Income Irom trading aclivities Inv8Stments 5.726.123 628.282 301.585 664.175 2.534.380 8.260.503 628.282 301,585 901.426 10,054.200 Other Income 237,251 Totsl Income 2 771 631 10.091796 10054200 Expenditure on Raising funds Chantable 8¢tiwtse$ 335.763 2.939.207 335.763 5.778.027 2.838.820 3,000 Total resources expended 3.274.970 2.838.820 6.113,790 3.000 Net Incomel{expenditurel for the y•ar 4.045.195 {67.189) 3.978.006 10.051.200 Transfer between funds 68.422 68.422 Net movement In funds 3.976.773 1.233 3,978.OC 10.051.2rJ) Charity fund balance al 1 Apnl 2024 10.051.2CiI 10.051.200 Fund balances at 21 March 202S 14 027.973 1.233 14.029.206 10.051,200 The staternent of finanryal actiwbes Ir￿{MJes 811 gwns and losses recogrused in year All income and expenditure denve frorn conlinving ath¥ities D￿￿319n Envel¢pe10 FDAcc5￿C97042ct>￿6¥A.Es1C95PocFA7 DMI NETWORK GROUP AND PARENT CHARITABLE COMPANY BALANCE SHEET ASAf31 MAR¢H 2025 Group Chanty Group Charbty as restated 2024 2025 2025 2024 Notes Fixed assets Tangiblè assets 13 16.242 Currènt assets Debtors Cash al bank and In hand 14 429.151 14.951.367 11.273.49) 1.857.224 10.054,2CLI 15.380 518 13 1￿674 10,054 2C¢) Net current assets 15,3*,760 13.1x1.674 10,054,2C c￿dItorS amounts falling due ￿thIn one year 11.343.X61 (3.IXW)I 13.0(KJl Total assets les5 ¢urTent IHbilityES 13 127.674 100512C Provlsions for liabilities 16 124.3481 Nét a$$eis 14 029 2C6 13 127.674 10.051.2¢ Thèfvnds ofth¢ ¢harity Unrestncted funds Re$lncied 17 14.027.973 13.127.674 10,OSI.2 13.127 674 10.051200 The fin8nthal statements were approved by the Trustees on 1S1121202S Mr fvla￿ AndrewAdams Truslee Company regtstration number 1495553$ (England and Wales) 12- Do¢u51gn Enveh)pe ID FDAcC5￿C97042CLkB6sA.EoI¢9SB(cFA7 DMI NETWORK CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not¢5 Cash flows from 0￿ratIng acts¥￿e$ Cash generated from operalions 23 14.689.561 14et cash Inflow frofft operatsng acbvitses 14.689,561 Investsn9 activities Purchase ol tangible fixed assets Proceeds from disposal of tangible fixed assels Group langible fixed assets acquired irferesi re¢Èived (16.3461 123.9791 301.585 Net cash 9gngraled from Invèstsng actNitses 261,8C Net cash ggngrated from financing actsvitses Net irttrèasè in eash and cash equwalents 14.951.367 Cash and rA5h equNalenl$ 81 beginning of year Cash and ¢a¥h ¢qUwa￿ntr at of y•ar 14.951.367 Relating to Cash al bank and In hand 14.951.367 13- Envel￿ FOACC55fyC97042C(WSA481C958rtFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounthng poliei•s Chanty informatyon DMI NETWORK Is a pnv*¢ ￿MpanY linmted by guarantee ￿ 8 reg￿lered chanty Incorporated in En9land and Wales The reg1Ster¢d office 1$ CanaL4de St￿Y105, 8-14 Sl Pa￿ra$ Way. London. NW1 OQG 11 Accountsn9 ¢onventson The finanaal slatements have been prepared in aeeordanco wilh Ihe charty's governing documenl, the CoMpan￿S Act 2006. FRS 102'The FInar￿￿7 Rèpothng standa￿ appl￿ble In Ihe UK and Republic of Ifeland" I"FRS 102.1 and the Charitses SORP 'Attounlirtg and Reportmg by Chanties Slalemer)t ol Recommentjed PraC1￿e ap￿ICable lo chanlEs prepanny th*r aeeounts m accordance with the Finanryal Reporting Standard applicable In Ihe UK an(1 Republi¢ of Ireland IFRS 1021" leffethve 1 January 20191 The Chanly Is a Publ Benefit Entity as defined by FRS 102 The financial statements are prepared in sterfing. wh*h Is thÈ lurthnal ¢urrew of the charty Monetary amounts in these finanual statements a￿ rounded to the ne8rèst £ The financial 51atements have been Fxepared under the his1￿Cal cost ts)n¥entthi Th¢ ￿1n0PaI accounting policies adopled are set ovl below 12 Basis of consolidatson The consolidaied group financial slatemenls c(m%st of the finanual Stalemenls of the parent company OMI NETWORK togelhei witF7 all entiknes controlled by the parent cornpany (its wbsKJiangsl and the 9roup'5 share of Its Intèresls In ithnt venturès and assooates All fina￿31 stsiements are made upto 31 March 2025 Wiere necessary. adiu51ment$ are made to the finanual statements of subsidianes lo bnng the accounlng polves used inlo line wilh those used by olher members of th& group All Intr&group transaclions. balances and unrealise(1 gains on Iran$a¢bons between grwp companiès ore eliminated on consoli(Jation Vnrealised tosses are also ehmirhated unless the tranSaCt￿)n provides evidence of an impairment of the assel iransferred The group profit and loss account also Indude the results ol its subsidwry Oevelopment MedIa International Assooales CIC, and rts subsidianes Development Medja International Asscoalion (Ugandal Limited and Dèvelopment Media lnIernat￿naI Zambia Limited for the year ende(131sl Marth 2025 1 3 Going eoneern At the time of appfo¥ing Ihe financial slatements. the Truslees have a reasonable expeclation that the charity has adequate resoufces lo contir￿e m operalwl exis*nce for the loreseeable fvture Thus Ihe Tru5tee5 tjnue lo adopt Ihe g￿n9 concem basts of accounlirKJ Irh prepanry the ffinan¢ial statemenis 14 Charitable funds Unrestnct¢d lunrts are avatsW¢ lor * Ihe d15ryelim of Ihe Trnstees in furtherance of their chantable obiedives Reslncled lunds a￿ subject lo Spear￿ condilws by dwors or granlors as to h¢M Ihpy may be used The purposes and uses ol the restrthd fvnds are sel notes lo Ihe finanpal slalements Endowmenlfunds are svbjecl lo speryfTrc conditions by dorKJrs thal Ihe Capital mu* be maintained by the charrty 14- 0o¢U*9A Envelope ID FDAcC55w7￿2c(￿e6SA-É8IC9sBr￿FA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢counbng policies- (Continued) 1 S Income Income Is recoynised when the chaniy is legalfy enlilbed to rt after any performance conditions have been met, thè amounls can b• rne8surÈ(J reljabty. and Jt ts probat4e thal Income wll be recewed Cash (*)naiions are reco9nised on receipl Other donal￿n5 arè rècogni$￿ oneè the ¢hanty has been notified oflh¢ donati￿. unle85 perfomanrk ￿n￿l￿OnS require deferral ofthe amouni In¢cAnè tax recovefable In r￿at￿n to donations received under Gift AKI or deeds of covenanl Ls recognised 8t Ihe lime of thè dOnat￿n Legacses ale recognised on r¢c•pt OT otheTh￿Se rf the thanty has beerb nobfied of an Irryndin9 dislnbution. the amount Is known, and fee￿pt Is expected If amounl 15 nol knwn. the tegacy 15 treated as a contsngenl asset 16 Expenditum Expendilure Is reco9nise(l 0[￿e there 15 a legal or cOns￿e lo transfer economic benefit lo a third party, Il Is probable that a Iiansfer of econcMnK benefits ￿11 be required in settlement. and Ihe amount of the obligalion can be measured reliabty Expendilure bs classffied by actwrty The costs of each aclbvrty are made up of the tolal oltlifect cosls and shared costs. Induding support cosls Involved In undertaking each aclivity Direct costs attnbutable lo a single activity are allocated directty to that acli¥rty Shared costs whth ￿n1ftbUte to more than one activity and support costs which are not aliributable to a single actiwty are appcKbonÈd belween those actbwbe5 ￿ a basis consislent with the use ol resources Central staff cosls are alwted on Ihe ba%s oftsme spent. and depreualion charges are allocated on the powknon of the asset's use 17 Tangible fixed assets Tangible fixed assèis are Init￿lty measured al cost and subsequtnlty measured at cost or valuation. net of depreaation and any Impairment losses Depreciation 15 recogNsed so as to wnte off Ihe cosl or ¥aluab)n of assets less thwr ￿91dVa1 values over their useful INes on the lollowing base5 Plant and equspmern Fixtures and fittin9S Motor vèhides 33% straryhl line on cl￿1 33% s1[a￿￿1 line on ¢￿t 33% Stra￿h1 line on o)sl The goin or loss ansing on the disposal of an asset 6 deiem)ined as the drfference beh¥een the salè proceeds arKI the carryiTYJ value of Ihe 85sel and Is rewJnise(I In the profit and loss account 1 8 Fixed •55et Investments A subsidiary is an enlity ¢ontrolled by the thanty Controf prywer to govern the finantsal and operAfing po￿￿eS of the enlity so 0$ to obiain beneffts Irorn Its admtses 15- Oocu$ign Envelope ID PDACC59>C971>42cc￿e6s4-E8jC￿SootrA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THÈ YEAR ENDED 31 MARCH 2025 Accountsng poii¢ies- Icontsnuedl 19 Impairment of fixed assets Al each reporting penod end date. the group wews the Ca￿Ing amounts of rts tangible assets lo delemine whether Ihere Is any Indicatson thal those assets have Suffe￿ an rmpairmeni loss Ifany suth Indtcafron exrsts, the re¢oveiable amount of the asset is estimated In wder lodelermine the exteni of the impairmenl loss111 any} Where 1115 not possible to estsmate the recoverable atnounl of an individual asset. Ihe company esknmales the iecoverable amount of the Gash-generaling unil to whth the asset belongs The earrymg arnount of the m¥•stmenls acgjunted for uwng thè èquity method is tested for impairment as a singlè assat Any goo0￿111 induded In the rarrywKJ amunt Ol Ihe Investmèrtl is not le61ed separately for Impaimient Recoverable amounl ￿ the hffjherof fair ¥81ue kss eosts to Sell and value In use In assessing value in use. the estimaled lulure cash flows a￿ discov￿ed to present value U￿n9 a pre-tsx discounl rale that refflects currenl maikel assessments of Ihe lime v8lue of mow aThJ Ihe nsks specifiG to the asset for whith thè esthmales of fvture cash Ilows have not been adiusted If the recoverable afnount ol an assel {or cash-genefabry unrt) * esbmaied its be less than rts carrying amtsunt, the ￿rrylfi9 amount of thè asset lor cash-generaling unill ￿ redu¢ed to Ils recovefable amount An Impaimienl Ioss Is recognised immediately In profrt or loss. unless Ihe rekvant asset 15 camed at a revalued amounl. In which case Ihe impairment loss Is treated as a rèvaluatiws decrease 110 Cash and ca8h equivalents Cash and cash equivalenls Indude cash In hand, de￿￿ts held ai call wth banks. other $I￿rt-18￿M liquid IIWe5tments with onginal malunties of three mMth$ or less. and bank o¥er(Iraft$ Bank overdrafts are shown within boThowings In current Iiaknlilies 1 11 Financial instruments The ¢hanty has elecled lo apply the provisKffls of SeCkn￿ 11 'Bas* Finanryal InstnJments' and Sectlon 12'01her Financial Inslrumen15 Issues, of FRS 102 to all of rts finanrJal instsumènts Finanaal Inslnjments are ￿cogruSed In tre thanvs balancÈ sheel Ihe ehanty becomes party to the contractual provisions olthe Instwment Finanual assets and IiaNrties are offset. ￿th Ihe net atrrwnts presented in thé finanual staternènts, when the a legally enforceable nghl to set off the ie¢ognised amounts and there is aft intentton lo settle on a nel basis or to realise Ihe assel arK1 settle Ihe I￿trAIl￿ simullaneousty Basffc financial assets 8asi¢ finanTral assets, which Indude debtors and cash and bank balance5. ale Inthalty measuied at tranSa￿lOn price Including transact￿rt ￿51$ and a￿ subsequently ￿rned at amortised wst using the effective Interest methcKI unless thè 3rrarrfJemeni ¢onsbtuies a finanong transKlion, where Ihe trartsaction Is measured ai the presenl valuè ol thè future receipts discounled at a markel rale of Interest Financial assets dassified as reCetya￿e within one year are nol amorised Basic financial I￿￿11￿•$ 8asi¢ financial Iiabibtses. Induding creditors and bank loans ale Initwlly recognised ai transadion pnce unless the arraThJèment constitules a finanung IransaclKJn, Whe￿ the debl instrument is measured at the present value of the future payments ¢Jiscountet1 at a martet rale of Intefe51 Finanoal Iiabilrties ¢las&fied as payat4e wilhin one year ale not amortised Debt in5trumenl$ af8 $ub$equentty car￿ at amortised cost, usng fv effectwe Inleresl raiè melhod Trade creditor5 are Obligation5 to pay for go(*Js or swvtss thal have been acquiced In the ordinary course of opefations from supplErs Amounts payable are ¢13￿rIed as currenl I￿￿1111e5 If paY￿￿nt Is due wrthin one year or less If not, they are presented as n0n-Cur￿nt liabilities Trade credilors are recognised inilially at Ironsadion pri¢e and subsequentjy measured * amortised cost usng Ihe effectwe Lnleresl method 16- rJorAtsigTr En¥elope ID FDAcc58fyC97f￿￿¢￿$5A.EalC95FCcFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountyn9 pofvue$- {Conbnued) Der•¢ognitson ol financial liatslitres Financial Iiabllibes a￿ dereco9nIs￿ when the chanty's contraclual obli9atthts expire or are dischar9ed or Cancelled 1 12 Taxabon As a re91Stered ¢heity, the tharii¥ble company ts exempt from laxatson of rts Irwme and gains to the exlent Ihey fall wilhin Ihe charily exemptions in the co￿Orat￿l faxes kt 2010 The trading subsidianes do not u$ualty pay UK tax as their polw Is to pay all laxablè profits to the parent d)anty as Gift Aid, provideil there a￿ suffwnt distnbutable proffts Gfft AKS distnbuknon3 arè reeognised only where there Is 8 legally binding obligahon In pl¥E to make such a dislnbulion. htr￿evèr the tax èffects of Ihe gin 31d payment are recognged al Ihe year end. pwde¢1 rt bs WObab￿ thal Ihe gitt aid paymenl ￿11 be made wrthin g monfh$ of the year end 113 Prowsions Provisions are ￿COgn55¢d when the group has a legal ot ¢ 147.435 1D Taxabon Thè chanty is exempt (rom taxat￿ (ffi its ac*vthes ljecause gll rts ingjme is applièd for chantable purposes 11 Trustees Non• ol the 5 Trustees ltsr any persons connected V￿th them) re¢¢wed any remuneration or benefits from the Chanlable company DMI NETWORK during the yexr -2Q- DouBKJn En¥e*e ID FI)ACC55￿B?￿2c￿B6S￿E8IC9S2￿FA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employtès Th￿r aggiegate rèmuneration compnsed Group 2025 Chjnty 2025 2024 2024 Wages and salanes 3.143.620 The averap monlhly nymber gfpersons lJnduthJ)g direclws) empk)yed by the 9roup and company dunn9 the year was Group 2025 Numb*r Chanty 2025 Numbor 2024 Number 2024 Number Tolal employees The number of em￿oYeeS whose be￿rts {exduding em￿0yer PenS￿n cosls) exceeded £60,000 was Group 202S Charity 2025 £60,000- £69.999 £70,000- £79.999 £80,000- £89.B99 £90,000- £99.999 £100,000- £109.999 £130,000- £139,999 £180,000- £189.999 Key Management Personnèl The key management personnel comprrses the 8oard of Trustees and 6 in¢iwduals who make vp the senior leadership leam The key management are the same In both the charity and group The senior management team are Roy Head. Radha Chakrab￿. t)oug Harper, Cathryn Wood Iresgned AugLJSt 20241. Jo Murray and Matthew Lavoie The total group employee remuneratKJn and benefits f(Ythe key management personnel were £726.954 12024 £01 The board of directors of Development MedLa Inlemalicrflal Assouates CIC being Math Adams, Mercy Jum8, Paul Thieba. Oavid Heymann and Robert Homik. exdudirvJ Roy Head. received remuneratN)n fr)r non- execuknve director services tolalling £3.500 21 tKJcu$ign Envelope ID FDACc55W7fy42ccke65A-E81Cg58i￿FAT DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13 Tangibl* fixèd assets Group Plant and machinery Etc Cost Parent thanty assets al 1 Apnl 2W24 Ad(Jibons DIsP￿￿S 159,948 16.346 18281 Al 31 March 2025 175,468 Depreciation and Impairment Parenl ¢hanty deprerjabon at 1 Apnl 2024 Dep￿cIal￿n charged in the year Eliminated In respect of dis￿5￿1$ 135,969 23,807 IS50) Al 31 Marth 2025 159,226 Carrying amount Al 31 March 21T25 16,242 At 31 March 2024 14 Debto Group 2025 Chanty 2025 2024 2024 Amounts falling due within one year Trade debtors Other debtors Arnowl$ owed by subsidiary undertaking5 10.054.2 418.164 48 11.273,402 418,247 10, 11.273.45) 10.054,2 Defer￿d tax asset 429.151 11.273.450 10,054.200 1S Creditors amounts falling due within one year Group 202S Chanty 2025 2024 2024 Trade crediiors Taxation and swal sKunty Other ¢xedilors 1C6.698 1.230.$80 3,CQO 1.343.2C6 -22- Oocusgn ETh￿l￿e ID FDACc5￿97￿42Cfys65A￿1C9s8ccFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Provisiens for liabil￿t$ Group 202S Chanty 202S 20Z4 2024 lapid3￿on$ 24.348 Movemenis on pro¥sions Dilawdatsong Group Al 1 Aprd 2024 and 31 March 2W25 24.348 Dilawdabons Charity At l Apnl 2024 and 31 March 2025 Prov1510ns have been made to C4)ver di1apthlK￿ costs on c4ynpletw ol kases in the UK 17 Unrestricted funds The unreslnGl¢d fvnds oflhe parent chantable company and subwdkqne5 eomprtse the unèxpended balances of donations an¢J grants w￿Ch are not subject to speof¢c condit￿n$ by donors 9[￿lor$ as to how they may be used These Indude dwnated funds wh￿h been sel aS￿e ol unrèstncted funds by Ihe Irustees for specific purpo$e$ Chanty at 1 Apnl 2024 Group Group Incomin9 Resources resources ejtpended Graup Trnnsfèrs Group at 31 March 2025 Group Designated lund- Child and matemal health projects General funds 9,548,213 7.320.165 {3.274.970} 19.616.635 9.548.213 4.479.760 10.051.2 10.051.21WJ 7.320.165 {3.274,970} 168,4221 14.027.973 Charrty at 1 Apnl 2024 Charity Charity Ineoming Resources resources expended Charity Charity at Transfers 31 March 2025 Charity Designated fund- Child and matemal heallh projects General funds 9.548.213 114.7521 (9.S48,213) 9,548,213 3.579.461 10.051.2(K) 3.091.226 10.051.2C() 3.091.226 114.752) 13.127.674 23- Oocusign Envelope10 FDACC5xFC97042CM65A-E81C95BLtFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2OZ5 17 Unrestncted furKls- Icontsnued Chanty at 1 Apnl 2023 charrty Incoming resources Chanty Re$ources expended Chanty Transfers Charity at 31 March 2024 Chanty - P￿￿oU$ Period General lunds 10,054.200 (3.Oc￿l 10.051.200 18 Reslncted lunds The restncled funds ollhe group crynpnse the unexpthmled balances ofdOnal￿ns afKI grants held on trus15ubpcl lo specific condit￿nS by donors as to how they may be used The deficit In restricled fund5 relaie5 lo the timing of payments to OMI Irom funder5 for prqecis currentty bwng impkmented DMI uses Its unrestnGted funds when projects have a negative balance while waiting lor lunders payments Other Incoming Rèsources Income resources Èxpèndèd Transf•rs Gain5 and losses At31 March 2025 CHOICE Clear Clear IU9andal Clear Clear (Zambial Early CI￿ldhood OÈvèl¥Jment In Burkina Faso Laafi 11 Lumuno Mal?zi 111 MCHAT Mwana 53.120 {172,1(K)} {10.274} {12.079} {38,4181 10.274 12.079 147.338 345.301 (17.541) (366.481) {19.892) {$4.957) {32.742) {420.712) 11.862) 734.656 {734,686) 1669) {231,LX13) 1255.198) 129,797 62.414 83.594 148,530) 6B,422 87.860 32.903 37.742 78.473 231.1)29 1111,2101 11,8621 1.231 Mwana Extension Munnuwelo 1.261 Parceria SUNRISE ILF) SUNRISE (WD Talent Support and Human Capital Project Tunza Afya MCHAT EXtefis￿n 231,￿3 377.787 1118,381) 4.208 {402) {419.802) {83.420) 14021 1102,5081 25.080 217.786 108.51x1 237.25) 2.534,380 (2,838.820) 68.422 1.233 24_ DOC￿l9n Envel¢pe ID FDACC551￿C97￿2C￿B6SA.E8Ic9s8KFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 hlARCH 2025 19 Ar)alysis of net assets between fvnds Unrèstncted Restncted funds funds 2025 2025 Totsl 2025 At 31 March 2025 Tangible assels Currenl assetsl11ia￿1thesI Provisions 16.242 14.036.079 124,3481 16,242 1.233 14.037.312 Q4,3481 14,027.973 1.233 14.029,206 20 Related party trdrtsacts¢)n¥ DMI NETWORK ieceived a donalK>n of £2.048.510 from Developmèni Med¥a Intemalv)nal Assouales CIC In Ihè penod {2024 £10,054.2001 sin￿ 1 April 2024. DMI NETWORK has been the sole M￿nber ol OÈvelopmenl Medja Intemalional AsstKiates CIC and. therefore, the vltifflate conlro11Lng party On 31 Marth 2024 Roy Head was the ultimate ¢onirolling party of D¢¥elopmenl 1nteMat￿￿l A5sooates CIC 21 Operatyng lea$e commitments Lessee At Ihe reporting end date the group had outstsnding wnnllments lor luiur• minimum ￿ase payments Under n.cancdlable opefaiing leases. as fdlthws Group 202S Company 2025 2024 2024 129.808 22 sUbsid￿ne$ DMI NETWORK Is Ihe parenl lo Developrnenl Medrd IntematKJnal CIC from 1 Apnl 2024 Development Mèdia Internat￿nal Asso¢iaies CIC is the parent to subsidiary companies De¥dtspmÈnt Media Intsrnatsonal Zambia mrted and Development Media irfemakn¢)nal Ass(wkn (Uganda) Llmrted Dgtsils of the chanty'$ subsKlianes al 31 Marth 2025 a￿ as folkws Nam• of undertaking RegiSter•d Nature ol office business % Held Develtspment Media Interna￿n81 Assooates cic Developrnni Media IntemalKJnal ZarntrAa Limite(I Opvelopmenl Medo Intemational AsS￿3￿0n ￿ganda) Ugand8 Limited Englan¢J Media Camparyns 100 ZaM￿a Media Campaigns 100 Media Carnpaigns DO¢Lsun Erwetspe ID FOACC5S￿C97¥￿42c￿Bs￿E81c958CCFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Subsidiaries- Icontsnu•d The aggr8gatè eaprtal and reseThes and the result forthe yearof sUbS￿An&S exduded from consolidaknon was as lollows Narne of undertaking Profiv {Lossl Capitsl and Reserves Development Media Inlemalional Assooates CIC Developmenl Media Internalional zaM￿a ￿Mrted Development Media Iniernati¢)n81 Aswat IU9andal Limiled 901.532 23 Cash generated from group operatyons 2025 2024 Surplu5 for the year 3.978.006 Adjustments for Investmènt Income (301,585) 1270) 23.807 Gain on disp)sal of tangible fixed assets Depr￿at￿n and Jmpaim8nt ol tangible fixed assets Movements In working Ilncrease} In deblo Increase In creilitors Incrèase In deferred Income P8rent Debtors arKJ C¥Èditors on acquisthon alstsb￿￿ 1429,1511 272.445 1.095,109 10.051,2TrJ Cash generated fr¢)m vp¢raknon 14.689.561 24 Analysis of changes in net funds At 1 Apnl Cash flows 2024 At 31 March 2025 Cash at bank and Irb harKI 14.951.367 14,951,367 DocJJ51yn Én¥elwe ID FDAcC5￿cg7r￿42ef￿B65Aé81C9sBccFA7 DMI NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR ENDED 37 MARGH 2025 25 Restatement ol prior year financial stalements- change in a¢¢ountsng poII¢y Dunng Ihe curreni financial year. Manager￿n1 Klenlthed the following matler requinrwj restalem&nt of the pl￿r year financial stalements Change In accountsng policy Developmenl Media Internal￿￿81 Associales CIC. 3 wholly owned trading subsidiary of DMI NETWORK. reviewed Its revenue recognibon policy to ensure alignmen¢ with the accounting poltues OMI NETWORK. whth prep81ÈS rts finanaal statements in accordarKe wilh the Charities Statement of REcommende¢J Pract￿ {SORPI As a resuft of this feview. mana9ement detemiined Ihal a change In the iimthg and ba*s ol revenue recognition In the subs1d￿ry was necessary lo al￿n ￿￿th DMI NETWORK'S aceountmg Ireatment and io more appropnately rel7￿ the nalure and substance of ncome re¢Èi¥èd Previous poliey R¢venue from contracls was recc¥Jnised by refwents to Ihe slage of complet40n. provided thé slage ofcompletson, costs incur￿. and costs to completè ctsuld be measured rel￿blY Thè stagè of Completion was ¢aloJlaled by companng costs Incurred 10 total eslimated costs w￿re the outCQme could rK)t be estimated reI￿bty. revenue was recAJgniséd On￿ to extent of the rets)vèrable expenses IrKurTcd b Revised poliey. In accordance wilh Ihe Chantses SORP, Income 15 reowntsed whèn th$ Group Is entitled to Ihe Tncome. recwpt 15 probabk. and the amount can be measured reliably Iwwme received by the Gr(KJp before rt 15 ent￿led L% recorded as (jefer￿d Income on Ihe balan￿ sheet until the Irwme ￿CognIt￿)n cntena Is rt W￿re income has been eamed In acGordanc¢ with the Group's revenue reco9nitirm policy arKI payment has not yel been received. rt Is re¢rsnv&¢d in the Income stslernent and rewrded as an accrued Ino)me in the balance sheet The pnor year finanrAal slatemenls of Development Me(Iia InlemalM)nal Assooates CIC and the Group hav been reslated to Include Ihe thange In accounbng of tradiNJ subSMI￿ry The Impactof the re8tatem*nt Is summansed below Changes to the charity balance sheet Al 31 March 2024 As ￿¥￿UllY AdJusb))•nl reported As restated Current assets Debtors due Y￿tr￿n one ye8T 826,208 9.227.992 10.054.2CQ Unre$ln¢ted funds 823.208 9.227.992 10,051,200 Changes to ehanty incomè and expènditure aeeount Penod ended 31 March 2024 As pr￿louS1Y AdJustm•nl AS ￿tated reported Donations and legacies 9.227.992 10,054.2C Net movemenl In funds 823.208 9,227,992 10.051,2C