## **Report and Audited Financial Statements**
## 31 December 2025
Company no. 01872538 Charity no. 290836
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||Page|
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|Reference and administrative information|1|
|Report of the Trustees|2|
|Auditor’s report|18|
|Statement of financial activities|22|
|Balance Sheet|23|
|Cash flow statement|24|
|Notes to the financial statements|25|
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APT ACTION ON POVERTY (Company limited by guarantee no. 01872538, registered charity no. 290836)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY For the year ended 31 December 2025
|**Board of Trustees**|Trustees, who are also directors under company law, who|
|---|---|
||served during the year and up to the date of this report were|
||as follows:|
||Helen Altshul|
||Jake Bharier|
||Brian Capper|
||Benjamin Cumming|
||David Elliot|
||Amber Honey|
||Yvonne Sanni|
||Enitan Sawyer|
||Carol Sherman|
|**Chief Executive**|Alex Daniels|
|**Company reg. no.**|01872538|
|**Charity reg. no.**|290836|
|**Registered Office**|111 Gloucester Road|
||Bishopston|
||Bristol|
||BS7 8AT|
|**Auditor**|Knox Cropper LLP|
||65 Leadenhall Street|
||London|
||EC3A 2AD|
|**Bankers**|Barclays Bank plc|
||128 High Street|
||Cheltenham|
||GL50 1EL|
||CAF Bank Limited|
||25 Kings Hill Avenue|
||Kings Hill|
||West Maling|
||Kent ME19 4JQ|
||Virgin Money plc|
||Jubilee House|
||Gosforth|
||NE3 4PL|
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
REPORT OF THE TRUSTEES For the year ended 31 December 2025
The trustees are pleased to present their report and accounts for the year ended 31 December 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The accounts comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Structure, governance and management**
The company is limited by guarantee, was registered as a charity in 1985 and is governed by its Memorandum and Articles of Association.
New Trustees are recruited by advertisement. When considering the appointment of trustees the board give regard to the skills audit of existing trustees, the requirement for any specialist skills and ability to contribute to the charity’s governance and objectives. The key element of the trustee’s induction is to ensure sound understanding of the charity’s mission, principles and strategy as well as the legal obligations of trustees. The induction process for new trustees involves a combination of provision of key documents plus communications and face to face discussions with the Chair of the trustees and the Chief Executive. New trustees are required to comply with company law requirements and declare any interests.
The Chief Executive of Action on Poverty, Alex Daniels, is appointed by the trustees to manage the day-to-day operations of the charity and ensure the overall implementation of the organisational strategy as agreed by the trustees. The Chief Executive and the Chair of the trustees communicate on a regular basis. The team works remotely, meeting up one day a month with some interim meetings between different staff members. This minimises overhead costs and enables work flexibility.
## **Objectives and activities for the public benefit**
## **Our Vision:**
## **A world where everyone can work with pride for a better future** _**.**_
## **Our Mission** :
## _**To work with people in East and West Africa to address barriers to safe and lasting work, hunger and injustice.**_
We work to link, engage and strengthen actors in different programmes which deliver results on decent, inclusive work. This enables people to address their poverty and exclusion, sustainably. We build understanding and knowledge amongst stakeholders so that people who are poor and marginalised are effectively included and the programmes are driven by those they impact.
We aim to achieve our objectives through working with local partners and alongside the private sector to deliver programmes targeting specific sectors, communities and/or marginalised people. These programmes combine building sustainable, resilient supply chains with addressing inequalities and exclusion to secure sustainable and transformational change. Our
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
REPORT OF THE TRUSTEES For the year ended 31 December 2025
rights-based approach and expertise in sustainable livelihoods delivers real outcomes aligned with global framework and regulatory requirements.
Key to our approach is being led by partners and communities to design programmes and activities in the countries in which we work, supporting and promoting local leadership. Through accessing the vital skills and resources people need to earn a living and address the root causes of their poverty, they can act as changemakers in their communities and countries to achieve equality for all.
By working with the private sector on their Environmental, Social and Governance objectives we strengthen supply chains, reduce risk and enable marginalised small holders to secure sustainable incomes to provide food, medical care and education for themselves and their families.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the company’s aims and objectives and in planning future activities and are therefore confident that Action on Poverty meets the public benefit requirements.
## **Achievements and performance**
Global development currently faces a need for urgent action to change the negative spiral that we are facing. During 2025, only 35% of SDG targets were on track and 18% are now in reverse (Sustainable Development Goals Report 2025). More than 800 million people are trapped in extreme poverty. Carbon dioxide levels are at the highest in over two million years, and 2024 was the hottest year on record, surpassing the 1.5°C threshold agreed in the Paris Agreement on Climate Change. Peace and security have worsened, with over 120 million people forced from their homes, more than double the number in 2015. The pace of change is clearly insufficient to meet 2030 commitments.
Meanwhile, funding sources for civil society have been drastically cut with grant funding rarely, now, responding to the needs of marginalised people. This is being felt globally, amongst our partners in different countries and crucially, by the marginalised people they represent, hitting vulnerable and marginalised people the hardest. On the more positive side, the corporate sector is increasingly recognising that resilient supply chains require interventions which overlap with those being pursued by civil society and partnership to share skills and expertise of both are a possible way forward.
In the meantime, we continue to diversify our income building packages of support from different sources. Supporter fundraising remains a critical component to unlock and leverage funding across all sectors and we are extremely grateful to all who support us – individuals, trusts, foundations, corporates and institutions.
Action on Poverty has had some really positive achievements in 2025, with some great external evaluations evidencing the impact that is being made, and two new projects starting during the year:
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
- ➢ The POWER project in partnership with MUWODA, in rural communities in Kenema District, Sierra Leone. The project aims to improve access to water and sanitation services while creating livelihood opportunities for young women, through an integrated approach linking WASH (Water, Sanitation and Hygiene), income generation and digital finance systems.
- ➢ A new phase of the camel milk value chain project ” **Imarisha Jamii”** _**(Lifting up)**_ in Tana River County, North-Eastern Kenya, providing sustainable livelihoods and resilience to environmental stresses. It extends the camel milk project to a new area in Tana River Region and ‘lifts up’ women beneficiaries to a new level through the testing of a solar powered milk cooling plant.
The work on child labour in different value chains in Sierra Leone and Uganda has enabled us to build deeper understanding and impact on the complex issue of child labour, together with our partners and private sector stakeholders; the former very successful project being completed in 2025 and highly praised by the Netherlands donor. We are keen to take this learning forward. Action on Poverty therefore became a member of the Ethical Trading Initiative (ETI) towards the end of 2025. ETI brings together businesses, NGOs and trade unions to work together to advance human rights in global supply chains.
We are also proud of the impact we and our partners have achieved in the projects which were completed in 2025. Our work with refugees and host communities which have been hit hard by the withdrawal of funding for emergency situations has led to securing better nutrition and incomes for women through vegetable growing. Both vegetable seeds and skills will continue to be spread well beyond the initial target. Success of the earlier phase of the camel milk project enabled us to extend to a new area and to ‘lift up’ women traders still higher through a cooling centre, reaching out to other traders just starting up.
In total, with our partners we have worked with around 16,800 beneficiaries directly during 2025. More than 12,500 have obtained the skills for sustainable livelihoods to secure enough food, medicines and education for themselves and their children, and a life with more respect and dignity. Over 70% of these were women. Almost 118,000 people have been supported through being better informed, empowered and or as dependants of the direct beneficiaries. To extend the impact and to build for the future our work has also strengthened 87 grassroots organisations to become more effective in helping their members collaborate for increased incomes, obtain better services and to influence other stakeholders to ensure their needs are not excluded in the future.
## **Performance of Programmes**
## **Sierra Leone**
**Building Resilient Community Ecosystems in the Fight Against Child Labour Child Labour** (January 2022 - February 2025)
Action on Poverty partnered with Planting Naturals (Netherlands), Goldtree Ltd Sierra Leone and MAPCO to reduce child labour among smallholder palm oil farmers in Kailahun District. Funded by the Netherlands Enterprise Agency’s Fund Against Child Labour, the project was implemented across 40 communities, reaching 1,331 farming families and approximately 11,000 indirect beneficiaries.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
REPORT OF THE TRUSTEES For the year ended 31 December 2025
The project achieved a substantial and measurable reduction in child labour. Hazardous child labour practices fell from 98.9% at baseline to 5% by the end of the project, with child labour gangs fully eliminated and replaced by trained adult labour groups. At the same time, school attendance improved significantly, with over 95% of children attending school regularly and absenteeism dropping sharply.
These changes were driven by improvements in livelihoods and household resilience. A total of 15,250 loans were issued through community savings and loan schemes, all with a 100% repayment rate. Financial and business training reached over 1,600 adults, supporting better household decision-making and reducing reliance on child labour. As a result, smallholder farmer incomes nearly doubled over the course of the project.
Women’s economic empowerment played a central role. A total of 2,944 women joined 52 garden groups and established backyard gardens, supported by 52 community seed banks. More than 3,000 women were trained in climate-smart agriculture, improving both household nutrition and income. These activities contributed to a dramatic reduction in food insecurity, which fell from 97% of households to less than 2%.
The project also led to wider social improvements. Health and safety risks to children declined significantly, with very few children reporting injuries or illness related to farm work. Community awareness of child rights is now universal, with local bye-laws, Child Welfare Committees and community-based organisations actively enforcing child protection and supporting continued monitoring.
A key feature of the project has been its strong partnership with the private sector. By working closely with Goldtree, the project demonstrated that ethical labour practices can deliver tangible business benefits. Farmers who adopted improved practices increased both the volume and quality of palm fruit sold, while stronger trust and transparency improved relationships between communities and buyers. The introduction of trained adult labour groups, clearer pricing systems and financial literacy reduced disputes, improved audit readiness and strengthened supply chain stability. Communities benefit from safer livelihoods, higher incomes and improved wellbeing, while businesses benefit from a more stable, skilled workforce, improved compliance with international standards, and reduced reputational and regulatory risk.
The project formally concluded in March 2025, with strong evidence of sustainability. Community groups continue to manage loans, maintain gardens and enforce child protection measures, and the model is already spreading to neighbouring areas.
Looking ahead, Action on Poverty remains closely engaged with Goldtree and local partners to maintain relationships and support continued progress. Discussions are ongoing to explore opportunities for extending or replicating the model.
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REPORT OF THE TRUSTEES For the year ended 31 December 2025
## **Case study: Ami Kallon – From dependency to household provider**
Ami Kallon, a 27-year-old vegetable gardener from Ngeihun Ndolla in Kailahun District, was previously a housewife with no independent source of income. She relied entirely on her husband for basic needs, which left her in a vulnerable position within her household.
Ami became involved in the project in 2022, when MAPCO and Goldtree visited her community to engage palm oil farmers and introduce livelihood opportunities.
Through her local community-based organisation, she received training, seeds and tools to start vegetable gardening.
Since joining the project, Ami’s economic situation has changed significantly. She now earns over Le 1,500 per month and contributes directly to household expenses, including supporting her children’s education and assisting extended family members. Her role within the household has shifted, and she describes herself as now being a main provider as her husband grows older. Ami’s experience illustrates how access to livelihoods support and community-based structures can transform not only income levels but also confidence, status and decision-making power within the household.
## **Strengthening CSOs as inclusive actors of good governance and development in Sierra Leone**
(February 2023 – January 2026)
Action on Poverty, in partnership with MAPCO (lead) and MUWODA, is strengthening civil society organisations (CSOs) in Sierra Leone to promote inclusive governance, accountability and improved service delivery, funded by the European Commission, Medicor Foundation and other Trusts. The project operates across Pujehun and Kenema Districts, targeting 4,000 vulnerable households and an estimated 22,800 people. The project is building a coordinated and resilient civil society network capable of representing the needs of marginalised groups, including women, youth and people with disabilities.
By 2025, the project had reached 4,100 households through civil society service delivery, with strong inclusion outcomes—consistently around 70% women, over 60% youth, and more than 10% persons with disabilities. More than 31,000 people have been reached through awareness raising, rights education and inclusion activities, significantly exceeding initial targets and demonstrating strong community-wide impact.
Capacity strengthening has been a core achievement. A total of 30 CSOs, alongside communitylevel structures such as Village and Chiefdom Development Committees, now have improved governance, management and financial systems in place. Training has reached hundreds of CSO members, strengthening transparency, accountability and service delivery. As a result,
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REPORT OF THE TRUSTEES For the year ended 31 December 2025
many organisations are now self-reliant, managing activities such as savings schemes, seed banks and community services independently.
The project has also contributed to tangible improvements in livelihoods. Household incomes among participating families increased by nearly 70% compared to baseline levels, with 3,460 households reporting higher income. At the same time, food security improved significantly, with households increasing from one meal per day to an average of 2.4 meals. School attendance among children in beneficiary households reached almost 80%, reflecting improved household stability and reduced economic pressure.
Women’s leadership and inclusion have been central to the approach. Across supported organisations, over 600 women and marginalised individuals now hold leadership or decisionmaking roles, including more than 260 women in leadership positions. This has strengthened representation and ensured that community priorities better reflect the needs of vulnerable groups.
The project has also strengthened civic engagement and policy dialogue. More than 20 recommendations from communities have been successfully presented to district councils and national authorities, demonstrating increased confidence and effectiveness of CSOs in influencing decision-making. Dialogue platforms and operational forums between communities and authorities have expanded, creating regular spaces for engagement, accountability and joint problem-solving.
A key strength of the project is its focus on sustainability. Community-based organisations are managing revolving loan schemes, maintaining transparent financial systems, and building partnerships with local authorities and service providers. Ongoing sustainability planning - including asset handover agreements and continued stakeholder engagement - is ensuring that structures and services will continue beyond the project lifecycle.
The project will conclude in January 2026, with the final evaluation currently underway. Early evidence shows strong sustainability, with community organisations continuing to manage services and engage with local authorities. The final phase is focused on consolidating results and ensuring that systems and partnerships remain in place beyond the project.
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## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
**Case study: Nancy Kamara – Expanding opportunities through digital skills** Nancy Kamara, a 35-year-old businesswoman from Njaluahun community in Barri Chiefdom, Pujehun District, previously ran a small shop selling essential goods. While this provided some income, she faced challenges with limited cash flow, security concerns, and a lack of business growth opportunities.
Through the project’s digital and financial literacy training, Nancy gained new skills in using smartphones, mobile money applications, and digital record-keeping.
Building on these skills, she established herself as a mobile money agent and began offering phone credit (top-up) services alongside her shop. This has become her main source of income, generating commissions on transactions and significantly increasing her earnings.
Nancy’s shop has also become an important service point for the community, allowing people to send and receive money locally rather than travelling to neighbouring areas. This has increased customer traffic and strengthened her business overall. With improved income and financial management skills, Nancy is now better able to support her children’s education and improve her household’s living conditions. Her experience demonstrates how digital inclusion can create new economic opportunities while strengthening local service provision.
## **POWER – Promoting Opportunities for Women’s Empowerment & Resilience**
(September 2025 – August 2027)
Action on Poverty, in partnership with MUWODA, is implementing the POWER project in 4 rural communities in Kenema District, funded by trusts, foundations and appeals. The project aims to improve access to water and sanitation services while creating livelihood opportunities for young women, through an integrated approach linking WASH, income generation and digital finance systems.
The project responds to significant gaps in basic services and economic opportunities. Access to safe water remains unreliable, with only around half of water pumps functioning at any given time, and many households relying on unsafe sources such as streams or unprotected wells. Women and girls bear the greatest burden, accounting for over 98% of water collection and spending up to 9 –11 hours per week on this task. Sanitation access is also extremely limited, with nearly all households expressing willingness to install sanitation slabs if affordable options are available.
The project is introducing a new service delivery model centred on women’s economic empowerment. Young women are being trained to provide essential WASH services, including pump maintenance, sanitation slab production and hygiene-related products. At the same time, community-based organisations are being strengthened to manage water systems and payment
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
REPORT OF THE TRUSTEES For the year ended 31 December 2025
mechanisms in a more structured and transparent way. The project is testing more regular and predictable contribution systems, including mobile money, to improve maintenance, reduce downtime and build trust in service delivery. Livelihood development is central to the approach - the project is supporting young women to access training, income-generating opportunities and financial services, helping to diversify household income sources and reduce economic vulnerability. This is complemented by literacy, empowerment and gender awareness activities aimed at strengthening women’s participation in decision-making at both household and community levels.
The project is currently in its pilot phase. Between September and December 2025, key foundations have been established, including a project launch with strong engagement from district authorities and community leaders, completion of baseline and market research across the four communities, and identification and mobilisation of target participants. Community-based organisations have been strengthened to prepare for managing WASH services and financial systems, and early infrastructure improvements such as hygiene facilities have been initiated. Preparatory work for vocational training and service delivery has also been completed, ensuring that implementation can scale effectively in the next phase.
Project launch Bendu Mamima
Water point in Vaahun
Women collecting water in Koi
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REPORT OF THE TRUSTEES For the year ended 31 December 2025
## **Kenya**
## **Improved Livelihoods and Resilience through Camel Milk: Imarisha Jamii** _**(Lifting up)**_
(July 2025 – June 2027)
This project is funded by a number of donors including The Medicor Foundation, The Dulverton Trust, Charles Hayward Foundation, Scott Bader Foundation and The Allan and Nesta Ferguson Foundation and implemented with our partner SITE Enterprise Promotion.
The objective is to secure an efficient and inclusive camel milk value chain in Tana River County, North-Eastern Kenya, providing sustainable livelihoods and resilience to environmental stresses for vulnerable communities. It extends the camel milk project to a new area in Tana River Region and ‘lifts up’ beneficiaries to a new level through the testing of a solar powered milk cooling plant, reaching 1880 milk value chain actors directly and their households – approximately 4565 people.
The project has made a good start in the first 6 months. Business Skills have enabled clients to do better profit/loss analysis, traders and transporters have improved their market linkages. Increased consultation and collaborations by herders, transporters and traders have contributed to improved milk aggregation resulting in a significant rise of 129% of milk volumes handled by primary traders and a 60% increase of volumes handled by secondary traders in the main milk markets in Garissa town. This is despite conflicts between different clans over limited resources because of depressed rains necessitating frequent migration of client groups and over-crowding at water points and grazing lands. Following nutrition awareness client groups balanced retention of milk with strategic sales, as well as increasing household incomes.
The project undertook a water resources assessment led by two engineers from the Water Department of Bura and GAWASCO. The project will use low-risk investment as well as engage with water users to enhance community ownership and avoid previous problems. Mobilization of water committee members/animators and water users was begun.
Discussions, cost benefit analysis and joint investment with 15 key lead entrepreneurs – women traders – has enabled the establishment of a milk cooling centre in Garissa town. These traders, all of whom started by trading 15 to 20 litres per day, now link with other traders and transporters and form a key hub for the camel milk industry. Cooling the milk has enabled sales in the early morning and late in the evening. By the end of the period, milk volumes handled by lead entrepreneurs had increased to 9145L per day, which translates to each trader handling an average milk volume of 366L per day.
Consultations with herders confirmed they have gained good understanding of different camel diseases, early detection and management of common diseases and trained participants’ use of veterinary services is gaining traction with an estimated 35–40% accessing drugs from Madogo and Garissa towns. Producer cluster members reported near-elimination of mastitis cases via complete milking and proper prevention which has lowered veterinary costs and stimulated milk
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
production.
**Abdi Hassan,** Male, is a 56-year-old herder from Mulanjo village in Tana River County who owns 19 camels. He brought 5 of his camels to a training session on animal husbandry and camel health management. They were severely ill including large abscesses; signs of trypanosomiasis ("dukaan"), severe mastitis and secondary bacterial infection from a minor wound. All cases posed a high risk of fatal deterioration if left untreated. These animals presented a useful learning experience for participants (herders/camel owners and traders) providing opportunity for active participation in the practical sessions for enhanced learning and appropriate treatment.
Abdi “followed the instructions given and treated the animals daily as I had seen in the practical,
checking on them regularly. Four camels fully recovered within 2–3 weeks, resuming normal milk production and preserving household income, unfortunately the one which was severely affected died, Insha Allah” says Abdi. He said “I had given up on my 5 sick camels because the drought was making their health even worse, but when SITE came with this training, I not only saved my 4 camels but now I have gained useful skills to care for my herd and other camel owners call me to assist them to treat their camels”.
## **Uganda**
## **Business and Community Actions to Eliminate Child Labour in the Sugar and Rice Supply Chains in Uganda**
(October 2023 - March 2026).
This project is funded by the EU and Foundations and implemented in cooperation with Platform for Labour Action (PLA). The overall objective of the project is to reduce child labour in Eastern Uganda through strengthened civil society action. PLA is working with grassroots CSOs to build their capacity to hold businesses and duty bearers accountable in the sugar and rice supply chains. The project is strengthening the capacity of district officials, supporting them to develop ordinances at district level and build constructive partnerships with businesses. It is also working with vulnerable families to raise awareness of the dangers of child labour and develop alternative livelihoods strategies.
During 2025 the project supported three district governments to develop child protection ordinances. The Iganga ordinance is gazetted, while Bugiri and Kaliro are in process. PLA also worked closely with the private sector, including sugar factories, rice millers and plantation owners: a core group produced self-regulation guidelines for the sugar and rice sectors and then helped to disseminate these across the region. Their awareness campaign reached over 22,000 business actors.
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REPORT OF THE TRUSTEES For the year ended 31 December 2025
Since the root cause of child labour is poverty, we also worked to support the most vulnerable families to develop livelihood strategies and reduce their dependency on child labour. 3,479 household heads were trained in livelihood skills (such as soap making, baking, tailoring) and linked to VSLAs (Village Savings and Loans Schemes) to help them to start up income generating businesses. 300 children found in child labour were supported with school materials and fees to allow them to re-enrol in education. A further 300 older children were supported to take up apprenticeships with training provided by local artisans.
## **Case study: Henry**
Henry is 17 and is studying tailoring and knitting at the Ahava Training Centre in Kaliro.
Before taking this course he had dropped out of school and was working in sugar cane cutting. ‘It was a terrible life. I worked all day but sometimes I was not even paid. I slept over in the fields and did not even get home many nights. My friends and I took drugs to keep ourselves going, and our health and hygiene was bad’.
When he was selected by the community champion, he was given the choice of a number of different vocational courses. He chose knitting because he saw that there was a good demand, especially for school jumpers. At the centre he has learnt to use the sewing and knitting machines and to make uniforms. He has already sold a number of items. The instructors are impressed with his skills and have offered to keep him on as an employee at the end of the training – they have a big order for uniforms to fulfil and he can help with this.
The instructors at Ahava tell us it has not been an easy road for them or the students. When the former child labourers first arrived they were difficult to handle, and some were sick or traumatised and worried about issues at home. Some came late because of the long distances they had to travel, and others were slow to learn and broke many needles and spoiled materials. However, they have all made great progress since then and are so different to how they were before – in manners, appearance and attitude.
Henry has left his peer group behind and has started a new life. His father is now chair of a parents group dedicated to keeping children out of rice and sugar plantations. He can see the change in his son and wants other young people to get these opportunities.
## **Improved livelihoods, climate resilience and natural resource protection for refugee and host farming communities, Northern Uganda**
(September 2023 – December 2025)
This project is being funded by Stiftung Drittes Millennium (Foundation for the Third Millennium), Guernsey OADC, EA Foundation, Peter Stebbings Memorial Charity, and other Trusts. It is being implemented in cooperation with Volunteer Efforts for Development Concerns (VEDCO), a Ugandan NGO. The project has the overall objective of improved livelihoods and climate resilience for refugee and host community farmers in Palabek Refugee Settlement through sustainable vegetable production and natural resource protection.
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## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
This year, due to increased funding, the project was expanded to reach a further 25 farmers groups (65 groups/1950 farmers in all). The farmers were trained in climate smart agriculture and supported with drought resistant seed to grow vegetables. Marketing champions were trained in each group and supported to find buyers, negotiate prices and buy agricultural inputs. The groups were also trained in environmental issues and five women’s groups were skilled in the production of fuel efficient stoves.
The project was completed in December 2025. It has been successful in its aim to improve livelihoods and climate resilience of vulnerable people living in and around Palabek refugee settlement. 92% of farmers have adopted climate smart agricultural techniques, 1162 (84%) farmers have already increased their income by 50% or more. Over £95,000 worth of seed has been reproduced and sold while over 43,000 people have benefited from increased access to local vegetables, improving their diet and health. Marketing officers are now active in the farmers groups, supporting members to obtain good prices for their produce. VSLAs have expanded and are providing low interest loans both for joint group enterprises and individual businesses. 1206 fuel efficient stoves have been produced, reducing firewood usage, and knowledge of environmental law has been promoted by advocacy champions.
The seed producer groups have been particularly successful in reproducing seed as a business and sell to the community at affordable prices, with far reaching effect. Free sharing of seed with neighbours, together with passing on knowledge gained on climate smart agricultural techniques, has spread the benefits of the project from the original target groups to neighbouring communities. In this way the project has impacted almost all the neighbouring groups in the project area – estimated at three times the targeted beneficiaries.
We expect the benefits of the project to be sustainable. Training on climate smart agriculture has been embedded. We expect both host and refugee communities to continue to practice row planting, soil and water conservation, and use of organic fertilisers and pesticides. Refugees have stated that they will take the knowledge with them when/if they return to Sudan. Availability of improved seed has increased and seed producer groups will continue to replicate these seeds in the coming years. Stove producer groups are functioning as viable businesses. Awareness of environmental laws has increased, and farmers groups have developed their own by-laws with regard to environmental protection. Advocacy skills developed during the course of the project will allow groups to continue to spread messages and to raise issues of importance to them. Farmers groups in the host community have been linked to district development officers, for access to business development support.
## **Plans for the future**
The global context continues to both add an additional layer of challenges and increase the need for our work; to deliver sustainable, cost effective and transformative impact on livelihoods
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## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
targeting people who are marginalised through inequality. We continue to catalyse change by proactively pushing a cross-cutting agenda of inclusive livelihoods, working in partnership and amongst different stakeholders.
We share this challenge with our civil society partners as we reconsider the global funding situation and the vast potential to move forward with corporate partners. We will also seek funds in partnership with corporates to address mutual areas of concern and using the strengths and expertise of both.
We will continue to consolidate and grow our success with Trusts and Foundations and matched appeals; deepening relationships with individuals and enabling supporters to fundraise for us.
## **Objectives**
In line with our vision and mission we will continue to achieve impact through:
- ➢ Delivering sustainable, cost effective and transformative economic and social impact with marginalised groups
- ➢ Supporting the development and leadership of local organisations.
- ➢ Catalysing change in behaviour of private sector (including micro to formal) for better development impact; to be a ‘mighty atom’ in our work[1]
Specifically, we will:
## **1. Programme Work:**
- **i) Strengthen our programme work with the corporate sector, adding value to sustainable, resilient value chains for the economic empowerment of our target clients.** We will build up breadth and reputation in this area, particularly in donorsupported programmes with future potential being funded by private sector sources. Programmes will include sustainable impact and contribute to improved ESG.
- **ii) Deliver results from grant funding together with our local partners**
from a package of funding from Trusts, Foundations, major donors and appeals.
## **2. Supporter Fundraising:**
Secure supporter fundraising and other income sources to provide unrestricted and restricted funding to meet gaps in our funding needs.
**3. Explore and Research** other areas for potential for improved efficiency and connections, and/or impact.
## **Financial Review**
As always the vast majority of our total expenditure of £675,604 (2024: £597,269) has been on charitable activities in the year and sent out to our local project partner organisations who lead our projects with the communities they are designed to help. Similarly, of the costs incurred in
> 1 including systemic change, attitude change, influencing supply chains/key players, private sector etc
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REPORT OF THE TRUSTEES For the year ended 31 December 2025
the UK, the vast majority was spent on programme management, with our staff overseeing and adding value to the projects and reporting back to our UK donors.
During 2025 our unrestricted activities resulted in a deficit of £24,541 (2024: deficit of £38,600). This leaves free reserves of £161,290 (2024: 185,831) at the year-end which were within our 6 - 12 month target range (between £99,000 and £198,000 including unrestricted and required restricted salary costs) to ensure we are able to continue operating as a going concern throughout 2026. £70,000 in reserves are designated to forward fund programmes when donor funding is paid in arrears. Restricted reserves at the end of 2025 were £110,529 (2024: £3,552).
## **Reserves policy**
Action on Poverty’s stated policy is to maintain a level of unrestricted reserves equivalent to 6- 12 months’ running costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. In addition to this, due consideration needs to be given to the need for forward funding as indicated above.
## **Investment policy**
The trustees have the power to invest in such assets as they see fit but to date surplus unrestricted funds are held on low risk deposit to ensure ready availability.
## **Risk management**
Action on Poverty takes very seriously the management of risk to which the charity is exposed particularly cash flow, recruitment, safeguarding and safety and security of staff travelling overseas. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risks. The risk register is an agenda item at each trustees’ meeting and policies and practices are reviewed on a regular basis to manage the safety and security of staff, develop best practice in safeguarding (including continuing to work with partners to improve policies and procedures), financial management and other management risks.
## **Our approach to fundraising**
Our supporters are key to everything we do. We are fully committed to being transparent and accountable about how our supporters’ donations are used. At Action on Poverty we are hugely grateful to all our donors and focus on building long-lasting relationships based on trust and respect. We follow the Fundraising Regulator’s Code of Fundraising Practice.
During the financial period ending December 2025 we did not use any professional fundraising organisations. Our fundraising is carried out by one person having fundraising and communications as their main role, supervised by the Chief Executive. This has meant we have full control of and confidence in our fundraising practices. We did not receive any complaints about our fundraising activities during the 2025 financial year. We keep up to date with changes to regulation, respond to consultations on this and update processes and practice as necessary to comply. We welcome feedback from supporters and proactively use it to improve and enhance our fundraising campaigns.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
REPORT OF THE TRUSTEES For the year ended 31 December 2025
## **Asset cover for funds**
The trustees are satisfied that the charitable company’s assets and cash balances attributable to each of its individual funds are available and adequate to fulfil its obligations in relation to those funds.
## **Trustees’ consideration of going concern basis of accounting**
The trustees have considered the impact of global events and consequently the economy and sources of funding on the charity’s current and future financial position. We continue to be concerned about the impact not only on livelihoods, but on all Sustainable Development Goals in both the short and the long term in all the countries in which we work. The greatest impact is likely to be on those who are already vulnerable and in the depth of poverty. However, we have been able to start new projects this year, which is very positive.
No material uncertainties, apart from those mentioned above, that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the trustees. The trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:
- The charity holds unrestricted, general reserves of £161,290 (2024: £185,831)
- The charity’s current funders are continuing to fund the programmes in hand.
- The trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts as detailed in note 1(b) to the financial statements.
## **Statement of responsibilities of the trustees**
The trustees who are also directors of the charity for the purposes of company law are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:
- ➢ select suitable accounting policies and then apply them consistently;
- ➢ observe the methods and principles in the Charities Statement of Recommended Practice;
- ➢ make judgements and accounting estimates that are reasonable and prudent;
- ➢ state whether applicable UK accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements; and
- ➢ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## REPORT OF THE TRUSTEES
For the year ended 31 December 2025
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- ➢ there is no relevant audit information of which the charitable company's auditors are unaware; and
- ➢ the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Auditors**
This is the third year that Knox Cropper were appointed to audit these accounts following a tender process in 2023. They are reappointed for the 2026 accounts.
Approved by the trustees on 5 May 2026 and signed on their behalf by
Jake Bharier
Chair of Trustees
5 May 2026
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF APT ACTION ON POVERTY For the year ended 31 December 2025
## **Opinion**
We have audited the financial statements of APT Action on Poverty (the ‘charitable company’) for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet, cash flow and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 December 2025 and of its incoming resources and application of resources for the year then ended;
- • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF APT ACTION ON POVERTY For the year ended 31 December 2025
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified any material misstatements in the directors’ report included within the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- • certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the trustees’ report and from the requirement to prepare a Strategic Report.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF APT ACTION ON POVERTY For the year ended 31 December 2025
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- The Charitable Company is required to comply with both company law and charity law and, based on our knowledge of its activities, we identified that the legal requirement to accurately account for restricted funds was of key significance.
- We gained an understanding of how the charitable company complied with its legal and regulatory framework, including the requirement to properly account for restricted funds, through discussions with management and a review of the documented policies, procedures and controls.
- The audit team, which is experienced in the audit of charities, considered the charitable company’s susceptibility to material misstatement and how fraud may occur. Our considerations included the risk of management override.
- Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reviewing journal adjustments and unusual transactions.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF APT ACTION ON POVERTY For the year ended 31 December 2025
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report or for the opinions we have formed.
Liv Burrell (Senior Statutory Auditor)
For and on behalf of: **Knox Cropper LLP** Chartered Accountants & Statutory Auditors 65 Leadenhall Street London EC3A 2AD Date:
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
For the year ended 31 December 2025
|Note
**INCOME FROM:**
Donations and legacies
2
Charitable activities
3
Investments
Other Income
**TOTAL**
**EXPENDITURE ON:**
Raising funds
Charitable activities
**TOTAL EXPENDITURE**
5
Net income/(expenditure)
Transfer between funds
15
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
TOTAL FUNDS AT 1 JANUARY 2025
**TOTAL FUNDS AT 31 DECEMBER 2025**|Restricted
Funds
2025
£
40,537
655,138
-
-
695,675
18,550
605,488
624,038
71,637
35,340
106,977
3,552
**110,529**|Unrestricted
Funds
2025
£
57,529
-
1,677
3,159
62,365
40,686
10,880
51,566
10,799
(35,340)
(24,541)
255,831
**231,290**|Total
Funds
2025
£
98,066
655,138
1,677
3,159
758,040
59,236
616,368
675,604
82,436
-
82,436
259,383
**341,819**|Total
Funds
2024
£
58,031
243,962
708
1,459|
|---|---|---|---|---|
|||||304,160|
|||||66,334
530,935|
|||||597,269|
|||||(293,109)
-|
|||||(293,109)
552,492|
|||||**259,383**|
All income and expenditure has arisen from continuing activities.
Pages 25 to 37 include the Notes to these accounts.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## BALANCE SHEET
For the year ended 31 December 2025
|Notes
**NON-CURRENT ASSETS**
Tangible fixed assets
10
**CURRENT ASSETS**
Debtors
11
Current asset investments
12
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
13
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds:
Designated funds
15
General fund
15
Restricted funds
15|**2025**
**£**
494
557
41,041
314,313
355,911
(14,586)
341,325
341,819
70,000
161,290
110,529
341,819|**2024**
**£**
887
16,626
65,268
197,337|
|---|---|---|
|||279,231
(20,735)|
|||258,496|
||||
|||259,383|
|||70,000
185,831
3,552|
|||259,383|
The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and the Financial Reporting Standard 102.
Pages 25 to 37 include the Notes to these accounts.
The financial statements were approved and authorised for issue by the Board of Trustees and signed on their behalf by:
Jake Bharier
Chair of Trustees
Date: 5 May 2026
Registered Company Number: 01872538
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## CASHFLOW STATEMENT
For the year ended 31 December 2025
|Cash flows from operating activities
Surplus/(deficit) for the financial year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Cash flows from investing activities
Dividends, interest and rents from investments
Purchase of fixed assets
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at 1 January 2024
**A**
Cash and cash equivalents at 31 December 2024
**A**
**A) Components of cash and cash equivalents**
Current asset investments
Cash at bank and in hand|**2025**
**£**
82,436
393
(1,677)
16,069
(6,149)
91,072
1,677
-
1,677
92,749
262,605
355,354
41,041
314,313
355,354|**2024**
**£**
(293,109)
259
(708)
(12,203)
5,466|
|---|---|---|
|||(300,295)
708
(599)|
|||109|
|||(300,186)
562,791|
|||262,605|
|||65,268
197,337|
|||262,605|
## **B) Analysis of changes in net debt**
The charity has not provided an analysis of changes in net debt as it does not have any longterm financing arrangements.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
## **1. ACCOUNTING POLICIES**
## _Basis of preparation of financial statements_
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP FRS 102 second edition), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.
## _Going concern_
The trustees have considered the impact of global events and consequently the economy and sources of funding on the charity’s current and future financial position. They have concluded that there are no material uncertainties about the ability of the charity to continue as a going concern and consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
## _Incoming resources_
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
## _Interest Receivable_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## _Funds accounting_
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## _Expenditure and irrecoverable VAT_
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
## _Allocation of support and governance costs_
Support and governance costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis, which is an estimate of staff time spent on each activity:
||**2025**|**2024**|
|---|---|---|
|Raising funds|34.1%|27.1%|
|Charitable activities|65.9%|72.9%|
## _Fixed assets and depreciation_
Depreciation is provided on all fixed assets at rates calculated to write off the cost on a straight-line basis over their expected economic life as follows:
- Plant and machinery – 5 years
- Fixtures, fittings and equipment – 2 - 5 years
## _Debtors_
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _Current asset investments_
Current asset investments consist of cash held on short term deposit.
## _Cash at bank and in hand_
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _Creditors_
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## _Financial instruments_
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
## _Pension costs_
The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the statement of financial activities.
## _Foreign currency transactions_
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.
## _Accounting estimates and key judgements_
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
## **2. Income from donations and legacies**
|Trusts and foundations
Donations and other fundraising
Gift aid
Total 2025
Total 2024|Restricted
Funds
2025
£
33,996
6,540
-
40,537
26,294|Unrestricted
Funds
2025
£
42,300
12,975
2,255
57,529
31,737|Total
Funds
2025
£
76,296
19,515
2,255
98,066
58,031|Total
Funds
2024
£
18,565
37,782
1,684|
|---|---|---|---|---|
|||||58,031|
||||||
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **3. Income from charitable activities**
|_Project grants from institutional donors_
Netherlands Enterprise Agency / Planting
Naturals BV
Medicor Foundation
European Commission
Dulverton Trust
States of Guernsey
EA Foundation
Sense Foundation
The Allen and Overy Foundation
Stiftung Drittes Millenni Climate Resilience
Charles Hayward Foundation
Scott Bader
The Allan & Nesta Ferguson Charitable
Settlement
The Haramead Trust
Fresh Leaf Charitable Trust
_Consultancy fees_
Total 2025
Total 2024|Restricted
Funds
2025
£
64,895
145,705
241,604
40,000
28,287
-
-
20,956
23,691
15,000
25,000
15,000
10,000
25,000
-
655,138
243,962|Unrestricted
Funds
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total
Funds
2025
£
64,895
145,705
241,604
40,000
28,287
-
-
20,956
23,691
15,000
25,000
15,000
10,000
25,000
-
655,138
243,962|Total
Funds
2024
£
70,997
58,960
12,060
-
46,197
10,000
21,392
24,356
-
-
-
-
-
-
-|
|---|---|---|---|---|
|||||243,962|
||||||
## **4. Government grants**
The charitable company receives government grants, defined as funding from the, European Commission, Netherlands Enterprise Agency, States of Guernsey and the Belgian Government to fund charitable activities. The total value of such grants in the period ending 31 December 2025 was £334,786 (2024: £129,254). There are no unfulfilled conditions or contingencies attaching to these grants.
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APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **5. Total expenditure**
|**. Total expenditure**||||
|---|---|---|---|
|Staff costs (note 8)
Other costs
Audit and accountancy fees
Depreciation
Grants payable to partners (note 7)
Publicity and fundraising costs
Sub-total
Allocation of support and
governance costs
Total Expenditure 2025|Raising
funds
45,505
-
-
-
-
311
45,505
13,731
59,236|Charitable
activities
Support and
governance
costs
£
£
104,661
10,701
9,178
15,464
3,736
18,974
-
393
466,993
-
-
-
584,568
45,531
31,800
(45,531)
616,368
-
|Total
2025
£
160,556
24,642
22,710
393
466,993
311|
||||675,604
-|
||||675,604|
Total governance costs were £7,980 (2024: £10,524).
## **Total expenditure – comparative**
|Staff costs (note 8)
Other costs
Audit and accountancy fees
Depreciation
Grants payable to partners (note 7)
Publicity and fundraising costs
Sub-total
Allocation of support and
governance costs
Total Expenditure 2024|Raising
funds
46,067
-
-
-
-
895
46,962
19,372
66,334|Charitable
activities
Support and
governance
costs
£
£
124,273
19,999
1,269
34,459
-
16,914
-
259
353,134
-
-
-
478,676
71,631
52,259
(71,631)
530,935
-
|Total
2024
£
190,339
35,728
16,914
259
353,134
895|
|---|---|---|---|
||||597,269
-|
||||597,269|
29
31
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **6. Net movement in funds**
This is stated after charging:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Depreciation|**393**|259|
|Trustees’ remuneration|**-**|-|
|Trustees’ reimbursed expenses|**-**|-|
|Trustees’ donations|**1,209**|1,030|
|Auditors’ remuneration|||
|Statutory audit (including VAT)|**7,980**|7,764|
|Other services (grant audits)|**-**|2,760|
## **7. Grants payable**
|_Grants paid to partner organisations_
Platform for Labour Action
SITE Enterprise Promotion
Movement for Assistance and Promotion of Rural Communities
Volunteers’ Effort for Development Concern
Other|**2025**
**£**
**243,347**
**68,938**
**61,292**
**85,538**
**7,878**
**466,993**|2024
£
173,593
29,461
121,101
28,979
-|
|---|---|---|
|||353,134|
Grants payable are to institutions in Sierra Leone, Uganda and Kenya. All grants are paid to fund charitable activities, including funding to support strengthening of community-based organisations, livelihood development, food security and inclusion of women and people with disabilities and specific programmes in camel milk production and tackling child labour. The grants shown above do not include any contribution to core costs.
## **8. Staff costs and numbers**
Staff costs were as follows:
|Wages and salaries
Social security costs
Pension costs|**Total**
**2025**
**£**
**144,424**
**5,414**
**10,718**
**160,556**|Total
2024
£
170,902
10,243
9,194|
|---|---|---|
|||190,339|
No employee earned more than £60,000 during the year (2024: none)
The key management personnel of the charitable company comprise the trustees and Chief Executive. The total employee benefits of the key management personnel were £56,857 (2024: £58,502).
30
32
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
The average weekly number of employees during the period was:
||**Number**|Number|
|---|---|---|
||**2025**|2024|
|Employees|**4**|6|
## **9. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
31
33
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **10. Tangible fixed assets**
|**Cost**
As at 1stJanuary 2025
Additions
Disposals
As at 31stDecember 2025
**Depreciation**
As at 1stJanuary 2025
Charge for the year
Disposals
As at 31stDecember 2025
**NBV as at 31st December 2025**
NBV as at 31stDecember 2024
**11. Debtors**
Prepayments and accrued income
Other debtors
**12. Current asset investments**
Cash held on deposit
**13. Creditors: amounts due within 1 year**
Accruals
Social security and other taxes
Other creditors|Plant and
machinery
-
-
-
-
-
-
-
-
-
-|Fixtures,
fittings
and
equipment
£
3,353
-
-
3,353
2,466
393
-
2,859
494
887
**2025**
**£**
**557**
**-**
**557**
**2025**
**£**
**41,041**
**41,041**
**2025**
**£**
**8,460**
**5,330**
**796**
**14,586**|Total
2025
£
3,353
-
-|
|---|---|---|---|
||||3,353
2,466
393|
||||2,859|
||||494|
||||887|
||||2024
£
16,626
-|
||||16,626|
||||2024
£
65,268|
||||65,268|
||||2024
£
9,030
7,868
3,837|
||||20,735|
32
34
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
## **14. Analysis of net assets between funds**
|Restricted
Funds
Designated
Funds
£
£
Tangible fixed assets
-
-
Net current assets
110,529
70,000
110,529
70,000
**Analysis of net assets between funds - comparative**
Restricted
Funds
Designated
Funds
£
£
Tangible fixed assets
-
-
Net current assets
3,552
70,000
3,552
70,000|General
Funds
£
494
160,796
161,290
General
Funds
£
887
184,944
185,831|**Total**
**Funds**
**2025**
**£**
**494**
**341,325**|
|---|---|---|
|||**341,819**|
|||Total
Funds
2024
£
**887**
**258,496**|
|||**259,383**|
33
35
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **15. Movement in funds**
|**Restricted funds**
_Kenya_: Camel milk project
_Uganda_: Eradication of child labour
_Sierra Leone_: Women make change
_Uganda_: Market vendors
_Sierra Leone_: Fight against child
labour
_Sierra Leone_: CSO Capacity Building
_Uganda_: Vegetable farming
_Uganda_: Child Labour
_Kenya:_Camel Milk Imarisha Jamii
_Sierra Leone:_POWER Women
Country-specific funding
**Total Restricted funds**
**Unrestricted funds**
_Designated funds_
Forward fund
**_Total Designated funds_**
_General Funds_
**_Total General funds_**
**Total Unrestricted funds**
**Total funds**|**At 1**
**January**
**2025**
**£**
17,018
(6,476)
(8)
(29,348)
(60,539)
24,279
16,574
28,672
-
-
13,380
**3,552**
70,000
**70,000**
185,831
**185,831**
**255,831**
**259,383**|**Incoming**
**Resources**
**£**
-
-
-
-
64,895
60,705
60,978
262,560
194,500
47,271
4,766
**695,675**
-
**- **
62,365
**62,365**
**62,365**
**758,040**|**Resources**
**Expended**
**£**
-
-
-
-
(43,690)
(81,335)
(119,513)
(284,761)
(85,431)
(9,308)
-
**(624,038)**
-
**- **
(51,566)
**(51,566)**
**(51,566)**
**(675,604)**|**Transfers**
**between**
**funds**
**£**
(17,018)
6,476
8
29,348
39,334
(26,706)
5,000
-
4,191
12,853
(18,146)
**35,340**
-
**- **
(35,340)
**(35,340)**
**(35,340)**
**- **|**At 31**
**December**
**2025**
**£**
-
-
-
-
-
(23,057)
(36,961)
6,471
113,260
50,816
-|
|---|---|---|---|---|---|
||||||**110,529**|
||||||70,000|
||||||**70,000**|
|||||||
||||||161,290|
||||||**161,290**|
||||||**231,290**|
|||||||
||||||**341,819**|
## **Purposes of restricted funds**
_Sierra Leone_ : Empowering local Building the capacity of community structures, including 19 communities in Pujehun District community-based organisations to provide livelihoods services, rights awareness and income generation and improved governance.
_Kenya_ : Camel milk project
_Uganda_ : Eradication of child labour
_Sierra Leone_ : Women make change
Providing skills and hygiene training in new areas throughout the entire Camel Milk supply chain to improve productivity and produce standards.
Enabling over 12,000 families to be more resilient to child labour, improving incomes and access to skills, and establishing a child free zone in UMA Industrial Park.
Supporting the leadership of marginalised women including training on vegetable growing, soap production, functional literacy and community seed banks.
_Uganda_ : Market vendors Civic and political participation of Women Market Vendors in Kaliro and Lira Districts. _Sierra Leone_ : Fight against child labour Building resilient community ecosystems in the Fight Against Child Labour. _Sierra Leone_ : CSO Capacity Building Strengthening 30 CSOs as inclusive actors of good governance and poverty reduction reaching 4000 households in Sierra Leone
34
36
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
|_Uganda_: Vegetable farming|Improving incomes and climate resilience of 7,200 people in Lamwo|
|---|---|
||District through vegetable farming businesses.|
|Uganda: Child Labour|Business and Community Actions to Eliminate Child Labour in the|
||Sugar and Rice Supply Chains in Uganda, increasing understanding|
||with 2400 households and 60 commercial actors taking action|
|_Kenya:_Camel Milk Imarisha Jamii|Extends an efficient and inclusive camel milk value chain to a new|
||area in Tana River County and raises women traders to a new level|
||through the testing of a milk cooling plant.|
|_Sierra Leone:_POWER Women|Promoting Opportunities for Women’s Empowerment & Resilience,|
||transforming women’s daily lives by linking safe water, sanitation and|
||livelihoods with gender equality and digital finance.|
|Country-specific funding|Funds raised to provide help in Kenya, Uganda and Sierra Leone on|
||future project opportunities.|
|**Purpose of designated funds**||
|Forward fund|To forward fund projects when necessary and carry expenditure in|
||advance of receipt of donation income.|
## **Restricted funds in deficit**
Restricted funds in deficit represent on-going projects where additional funding is confirmed post year end.
## **Transfers between funds**
The bulk of the transfers between funds represent the use of general funds to complete the project at the conclusion of work. There were also some errors of misallocation discovered from prior years that have now been corrected.
35
37
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **Movement in funds – comparative**
|**Restricted funds**
_Kenya_: Camel milk project
_Uganda_: Eradication of child labour
_Sierra Leone_: Women make change
_Uganda_: Market vendors
_Sierra Leone_: Fight against child
labour
_Sierra Leone_: CSO Capacity Building
_Uganda_: Vegetable farming
_Uganda_: Child Labour
Country-specific funding
**Total Restricted funds**
**Unrestricted funds**
_Designated funds_
Forward fund
**_Total Designated funds_**
_General Funds_
**_Total General funds_**
**Total Unrestricted funds**
**Total funds**|**At 1**
**January**
**2024**
**£**
47,214
(1,996)
3,467
(15,755)
(14,220)
49,207
26,584
153,133
10,427
**258,061**
-
70,000
**70,000**
224,431
**224,431**
**294,431**
**552,492**|**Incoming**
**Resources**
**£**
7,956
-
-
-
70,997
58,960
64,197
58,808
9,338
**270,256**
-
-
**- **
33,904
**33,904**
**33,904**
**304,160**|**Resources**
**Expended**
**£**
(38,152)
(2,975)
(3,475)
(13,593)
(117,316)
(72,888)
(71,957)
(180,769)
-
**501,125**
-
-
**- **
96,144
**96,144**
**96,144**
**597,269**|**Transfers**
**between**
**funds**
**£**
-
(1,505)
-
-
-
(11,000)
(2,250)
(2,500)
(6,385)
**(23,640)**
-
-
**- **
23,640
**23,640**
**23,640**
**- **|**At 31**
**December**
**2024**
**£**
17,018
(6,476)
(8)
(29,348)
(60,539)
24,279
16,574
28,672
13,380|
|---|---|---|---|---|---|
||||||**3,552**|
||||||-
70,000|
||||||**70,000**|
|||||||
||||||185,831|
||||||**185,831**|
||||||**255,831**|
|||||||
||||||**259,383**|
## **16. Related party transactions**
There are no related party transactions to disclose in the current or previous reporting period.
36
38
APT ACTION ON POVERTY (Company no. 01872538, registered charity no. 290836)
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
## **17.** COMPARATIVE STATEMENT OF FINANCIAL ACTIVITY
|**Income from:**
Donations and legacies
Charitable activities
Other Income
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
Net income/(expenditure)
Transfer between funds
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
TOTAL FUNDS AT 1 JANUARY 2024
**TOTAL FUNDS AT 31 DECEMBER 2024**|Restricted
Funds
2024
£
26,294
243,962
-
-
270,256
-
501,125
501,125
(230,869)
(23,640)
(254,509)
258,061
**3,552**|Unrestricted
Funds
2024
£
31,737
-
708
1,459
33,904
66,334
29,810
96,144
(62,240)
23,640
(38,600)
294,431
**255,831**|Total
Funds
2024
£
58,031
243,962
708
1,459|
|---|---|---|---|
||||304,160|
||||66,334
530,935|
||||597,269|
||||(293,109)
-|
||||(293,109)
552,492|
||||**259,383**|
37
39