2025-06-30-accounts

RiDDle Effe￿ Imernaiional Trustees Annual Report Financial Ststements for reporting period 1 July 2024 to 30 June 2025 RIPPLE EFFECT It starts on on African form

d admlilstriih• I•1￿1 22KKI24 Ch¥lty no (E￿nd and Wal•s) 299717 Chwty no {Ofik• ol S¢dtth SC049792 Runwty East eA1 1ER P8trrba Nap SIff￿ Gdl P•ter (Ch) Shalin Ch￿010 rm Passey Prna Patel Karth￿ey￿ IKarth) Dasari Chin Los MuY4un lapFYrtd 1211212024} Stepha￿ t)enriwi {res4ned ly1￿024> AlM Griffilh 12112120241 O(ty Ireswned 1211W20241 Rwb• Efkn3 TN¥l••. Pwl SliiwL ch￿ ExeurtNe P,0 Box 47 37 Mils(m Street BA1 Irm Audit 10 Quewt Street EC4R IAG

Rpple EITect 9roup consts of 22900241 regffjlered with Ihe Chwty cw#mi￿1on {registwed nuner 2997171 R4)pte Effect Tradry LiftNted (crynpany number 13727987) Effecl U￿n￿• regtstwed M an Intern￿•1 NGO li and • c(xnp•w 'mrted by guwantee Ripp￿ Effect Kenya regffjlernd NGO fft K￿ry8 Effecl IntwnatsThl has an Alru Hub offKe nan%•d Ell•ct. r•gtwed as an NGO m Kenya, ba￿d m N'robl. Th• Hub offte wovkJi8 wppyi Ripp Effect iwK¢¥ in BuruThS. Ethv)P•. WKI Rw¥Thl8. Ihw'r (wm boards and r•port¥ig rts]uiremts. J•nfr•mth• CE• As wt ol Rppl• EtrY•cfs &x C(thff￿niloS in nnl Al￿, 8•t a kerf t￿ling 2024-25. w 1.1 rrdf•)n farnryJ arrfl f•iNls beneffted fw our V¥ 81s0 Spent nwxe th￿ £llh on our whth ￿>￿9 yix ¢>)unlrni transf￿3 Ow Ywth Dwy pro)￿ m U9wth. wh¢h is fvnd￿ ty Mastercard F￿nd￿, of marry Over 63.IJXI young people have ¢nrol8d a¥1¢￿15h1ry dfNe a￿1 delenThnalion Each try wè make enrth￿ our expe￿￿ m the t humblity way SeM.he¥) 9rtyj￿ joined Icyces to prod￿1 8 ol crw. children keenty tended to Iheir gwdens: and 7AryWI jLWJ9led k)okry after sma1Th￿IdingS. lari1￿ aThJ hcrns, It Th88 th Effed txrt (￿rIng I￿ ytsr, the COfr4Nnrts In our PfC3rar#nes also txed many hufdles and tr P*nbng and har¥ésts, and causéd daftwgo and detsys. 8Lrt by tak￿n0 approach &)

expertbse lo le￿ frrxn chalengeg and success￿. lfi Januwy 2025. w• also asked ￿e￿¥Jen1 specthts Intrnc to revw wogl8nwy￿ a)d maké r•con¥Mndat￿s lor also IcN)k me8$￿5 to stren9ihen our Intefnal opei8its1g and wr fmartSal sustslnabllty. was largety in res￿#t to the ¥olatsbe global clrte. whth in¢kthJ rtyrvd costs. hwjh aP&Ye¢￿Ie Lg•t ￿. I￿¥•d supw1 th•1 I￿l￿d￿j 4 £1.1 nMIIK)n 9rant the 151? ol Man Gown1￿1 to rngenefate tho land and Ihs ol CtsMiUnrt￿ in BLffundi and Rwanda Th was fdkYhd ty ovef £71 Ok frcffi gtft8 in ￿11. whth iniecled vrt&l funds P•ul Sluw( CEO, Rlppl• Effocl Int•rn

1988 is govern￿ ty Its Mth)rnndLwn arKI A5souakn. wrpose ol Ihe chanty lo relve povety in Ilwwh tr•ThrrfJ ￿ gJslainabl• ag1K￿l￿? and communty de¥eky ovwall gtratryy arvj fDr Rip Effect is agreèd by I1￿ 8cd of Tfttstees. •th￿Sed the CEO and Senmy Leadefshp Team. RI1￿ Effécfs Ch1 Ex8cutM? ￿ responsible fpr off¢e dunng Ihe yew ￿ be lound on palle 1. Ryple Efferfs MorrKxwKlum and Artth of Assoclgtion for th• 8ppofftlnnl ol w to 12 trustéés. The Chaiity has an open after whicth may be appomiéd for a cOnStt￿ fow.yew temi Irustees are Ihal appropfsale strvclures WKI MeChanw￿ afe ￿ place as the charty eNDl¥es meet quarterty to stralew, pwfoMW￿, and risks Th￿ are bo in p• We lll Kht8¥e ow itrwh our vdu•• rt. achwnng ¢)ur 2030 straQ8gy and lh8 XtK)ns take must 8180 81wJn wrth our and pport th￿. Vle unde18￿￿1 Ihat trust ty eamed thrcwgh c￿￿191e￿I PK)ri. eth tséhav￿. and adlwence to (Xlf shared swinapks Ovr ¢(xnmrfmenl to integnty me•Yo Ih81 cOrnerst￿e of effe¢tNe dxwi.mBkry, IJu8t our donors. partwnts. and partnef3 We have a re¥￿￿￿tIty to den￿nstrate a conynrtméfti to the re5(¥urces IparlKuW f￿anc￿￿ we hwe 85 elledNety * •th￿Alty as we wibty can. We a¢knowdge this reSpo￿lba￿ bw ltrafds s￿pFI%1é[S, pant1p￿ts coues The dfmng force behind FThti¥e th9rye is lte9￿ kn c￿r apiyoxh c￿$1￿ ensure8 thal Ripple Efled's work ffj drivw by Ihe genuine deswe to mak• a posrtr¥e drffererKX. Wrth ccfflpgs%on as wr gu¥Je, we wdl apF¥oxh al dcusS￿$ and dorJsK￿S wrth empathy and sensrtmty, con¥thring ltr￿ drrn5e circumstw￿ and r￿dS of au peW god not onty to amve at ￿lI￿rned dec￿5. a180 lo nurtUf• affl en¥￿n￿nI whefe every

•v2030 •lii t• i••¢h lh• MI1￿ p•wl• shAls needod for lamws io wow sdl effeCt￿e￿ we often10st or ha¥e n supw1•d Ryp Efi•X •natAiw m11th￿S of pwlfj fft rural Afnc8 to kn n￿, grow d n￿￿. We wdl conlmwk IhA vrt&l wort ￿ the dec&Je to ccne. Our approgch 18 •ffKnl. off￿￿¥ and a nK)rrnrrtum th8t spreads fw fammès. 11 thrts on an Afrtsn fam aThl crees a eflecl that helps build a Povety a lack ol mow. al￿ a kgck of food, dwnffly. edUC4￿n, heamhcare opiymunty. tt ty often a fefie¢¢K)n of Unf￿r relat￿ships, &rrMted clKKe8. and 8 pw natural enw(x¢merrt. We recogn￿ these corylex intwsectAM 8txI whibt w work SUPFts all lh• Uniled Not￿.$ Suslwrt8ble OevebpnMI Goa16 ISDGSI, wè car areas of exF•rtise d locu5 V¥e have de¥eWd a of impact obpctr¥es. wo will rneasuie aWl￿t a 4 1 No rA)Ity Zeft) hury G•tNlef equalty 10 13 0 17 Reduced mequalrt C&m8le act PwtnW5hipg lor the gQ Rpple Eflect prograrTh￿ have c(#iMued to cryrYntmit in rural AIrfc8 in 202¢25. Thr￿jgh Our in Bufundi, Ethiopw, Kenya. Rwar¥Ja. UgaNJa. and Zamt#a (wrfh r parlner. ZRDFI. ￿ have re￿tted a fvrther 1,103.417 Peop￿ voth <wr lrf•<hangiThJ tralnlng

In 2020 to rw£h S mthin fi￿• peop ty 2030. to w thal ￿ of (base￿￿8) arml at the end ol yw 1. yw 2, and yew 3 (knr balf the hou8eWs {52%1 baSel￿e 81898. lolky•nd by those vrt￿ hJ be￿t in iher wogrnnrn for a year {35%1 The fest (1YAI Ye￿ 2 3 01 these tthgehoth." 5% ive wrth a diSat¥lity (women made up 72% of Ihi8 gr￿P). wother 5% r• Pgopbp hving Wrth HIVIAIDS166% of Ilwn were ¥K¥wi). c• Was 08tMvJ 6.2 nutr￿￿U$ food tyws daty, an h￿r￿￿o th& ol thwr (USAID 6 types pef day ) from 49% to ￿ 3%. •ur w•yamM•s Emp0￿ring women agaln8t ¢llmat• chang• riry 2024.25, ￿ ¢ontm￿d to shw ar￿￿j dsmth arKI ada0 lo lh• * aff￿led Tcxron rr#Yffj and l•thI￿g ththr lan￿1••$. The burden of 'ff-inlén&vè lasks like f•tchwvJ water f¥ewood W virtualy ¢xrt Ony Wtenlbal f(Y them lo oenerate an Vlcrnn ar￿ chlrtlren ter8 tho rrKXt expo￿1 to huwer and ¥Ath e￿h I￿ge1KJ lo t1￿ ur¥lerSt￿ arnl Ihmk btyLYwJ cullural b&ld• and $0ty81 attitudes. and ap￿￿￿te the ber￿ft8 ol shan'rg dec6Km.makiThJ and tasks Wrfh our suppm. wcrfwt aEg0 b¢used h¢9wly on lnI￿. nUtn1￿ arwj made k

Ripple Effect's train9 in $ustsirth lamin9 and finwKi81 manen￿l hgs women lo be¢(fft skth¢J m. and kwledgeth about, growiThJ a vaTty ol cropo afvj selliro thém to ean 8 9ood h¥ry. Vle ha￿ 0 enrfjwaged lo lom Vilage Saving8 arKI Credrt Groups VISLAS). wovkl• 8mvJ8 aThJ %r•l h)￿$ slartmg mKffbu%rbesses. Ug4nd•: W vAlh ZRDF helwl 464 gr(xspx to SW6 8PPToxSmatety 7.Sm Zamtsan kwatha £250 in ItKee fNmth$ We supwted wth training in t￿￿ne$S nd create1gstK￿ ￿kJIM)n famifw ￿ rural Afrt. despte Ihe (w¥wng cost-ol.fviry crisis are enorTrnusty gr8leful E198.039 don￿ed ** US kn Glft All . £397.979 wa6 fwed in ¢Jur mthfvnded Chrislnw and appeoh. £711.588 9￿ad to w In WPFXXtws' Wth. has 8lkn¥ed us to invegl It￿e Iufmls ¥there Ily vMre needed to rexh all Ihe farTTW tsnmlies ￿ fvYwi¥ed th• year Ixr uNestrKted luTrg¥ have *90 9wen us Ilexil%'lty lo adjust

ty unl¢yeseen ¢halnges al trwn S￿1 88 the c1w1￿le c￿. the lasl yew Suslain8w biwbj k) rexh 5 p ty 2￿. of 69% oi 2030 tW9el Kl we mcfe8se¢J our spend on ¢xw chwilabk xlMIv4 lo E1( Wé enswèd that 1￿ al r￿oi￿ doncrt conirlbU￿ io fUrtfi￿￿J cosls. whkh lo delNef fun wr opefalKns. and ryfove fbnancial suslwabil•ty Havmg IF•¢ Kenya arKI Eth￿p￿ funded by IntsmaUcW De￿1 Rewrch C•ntr• IIDRC). aAms to ing chry fof srydkscale lamrn involved in ufflpa￿ cwe w(Kk The 8ttX￿d propd. lunde(I by the Isle of Man Gov¥M￿l. ￿ supportmg comrwnths who live in the Lake Cydtha afea. belween Rwarx18 and Bunmdi. to reg&wate their ￿nd

and I1¥W￿. •niew ap￿0￿h vthth Ketya. The fxl¢X ￿111 focus (m iesting WKI rnfiniw dlm8te•F￿INe agrKuMural lechnNw4 thn)ugh I￿.￿1￿j afKI de￿￿￿¥trat￿ tsm a9roecological PffyJLKts services. SCKaal enlerrKffje ge￿rat8 and reffivesl lunds 10 ￿0¢h people Insights Irryn the Kenyw ylol l us lo nJn sil￿ p￿]•¢1$ and ar￿ rts impath IUN SDG 131 from ￿ 0ryants8tX￿1and {ryr￿ne per¥ecth. Vthen first assessed our erni￿1￿$, Ihe wrtthrtors wKILthd fuel. purth3sed gocts. eneryi consunwltyi. wasle. and txJsti)ess trnvel, had the West eftvinnmefilal l•1 For th• Ofganb••tbon (tol•l): 599 to 505 6 MT crf C02e'. P•r full.Ilm• amploy••: from 2.2 to 1.9 MT d C02é. ordww to The ECO Expert¥"". awage the UK it 12.7 MT ol C02• por Agre￿eThI). tr Per￿.8 emi68#￿ nwsl W bekA¥ 5 MT ol C02• lh• nè d•cado ar￿ b•kyA7 2.5 •AT ol C020 after 2040. are thl workiry to deN*b¥ robjst of our cl¥nale Mrt￿alK￿ actrwbl - such as agrolwesty, mwa9ir¥J was¢e Ihr(wh man￿8 * coi¥Joslry. and énc4)urtgi￿a I pirtierf

In 202￿25, wortéd eons¢lla to d8fNef 33% 01 ￿ nthv rry8cts also derféh)￿d • Partrw$hip Framv•th th gives gvKlarKe afeas ol rrk. fr¢￿ effectr 0gramn delNery lo accouTrtstslrty and rtsk nwwJenMt. Our co11￿x￿ ¥￿th and F•rMrf Strengthen leadership slructures, 9ovwnwKe 8￿j i9￿.r￿k1ry kn eoth Courty PrtyianJne team ty uwg agreed $￿err¢ ¥KI 4uoss County. To supwl ow Afric8 For4ard TtsJelhef apwoxh tr￿f￿rn lh• way wcrfk,18•kn (Xlf gbjbol (ygaftmat￿ cdIat￿rated to dwn a ntr4¥ op￿1￿j n￿de1. Vle atso plomenling th• chwp to ensure IIW a wolal rolè arnj the t•W SIT￿ljj￿ ar(wnd * Aftef selectW￿ a now d¥tsi (Actsty InA)}. plbt to trxk r impad arKI our syopds. Phase ￿. until September 2025. m¥0 training Peer Famw TrnneryJ to each monrtor aThJ re(xxt ¢)n one of 10 fafmtsr Groupg (256 ple) in our Bwesha Mazmgn woJecL Kenya Phase Iwo 42 gmups and is to be in Decert￿ 2025. Inrtml resun8 ¥IKY* that the pknknn18 w(wkn9

Posit1￿ Ripplè Effed as a th￿ght leader armls areas of•xpeitw lo ral8e awafene ol our vrnk and IrKreaw our gk>bal InflL￿nC. Oufww It ye8r, ttyJk pwl in sedty d tOPX8 %￿hirt (wr them8lic arèas. Aftèr being approached by Ihe Inlem8lM)ftal Devewrnnt Ccffin￿e0. we contrthtéd io IM UK gma11￿￿JQr tsrmws n Kenya who hwe thn¥ed orn propcts. gave oral t￿lef￿0 to tho C(YT¥nfftee Cmher I￿ught le￿wShIP work fftdLthd a Suthatslty in Act)n K#)tsasl, wh we produced in partnwship wth ffrflsustwn.. a on Wmn a￿1 LN•slcd for Livestock Da tsr l)WSKmS' gk)bal cofffftinty, a￿1 8peak8r sess￿$ al b)th th• Oxlo Real Famiing Confernnce and the Eastem Afrts Agfoecokw Confértrtè. We also ￿￿Ole a 2025 as w of a Fdjcy br1. I yalsl•r 202>20 h iargels rAans Eo inctift wgéts. ift.y•ar to 2030. Our team Stwc¢U￿. 91obo1 and [￿ceSSeS suppryt straltyl. and tm• embrace 'Alru Fiywwd To9eiher' to cr•al• a Str￿￿r culure ol co1￿￿8110n. fami￿g cortJnunrtw m rur￿ Affu. Rpple Effod Bowd of Trusteps ¢nwrrn th8t w luTrJf8ry 1$ our cwe valueg and th81 rt c• wrth le981 arwj reguf81ory ¥Ve th on thé geneffjus donat￿n5 of our SuPF¥xt￿ and e￿h year urKlerfake 8 rarye of aclrvrfw to rarf• the funds reded Io SUPF#Xt lurrfjr8igww askmg fLY regubr and ontroff dorthK)ns both and exNtyry supportW3 thwh a wje of channds ¢I￿J¥￿ online post ond. for a gmall gr(wp of wnmrtted gupwxtern. over It le¢thone or pern￿ gmfw arKI a ol wv¥nun.based lurntrnts￿9 acImt￿, SUPForlin9 iTh(trdKluals urrfjertake events ch8llerwJes m aNI ol Effect Wé also Make lo trusts. I￿nd8th)n5 a￿1 in$lrtulwd donors fof gr￿ to lund SF*crft porlnwshy. In 2024-25 ol lur￿￿9 wa• wKl•rtak•n by Rwb• li

fundrwsry. ar¥J any lundwmg undertaken on our behaff, lo be C￿￿￿¢ted in a fw. transparenl. an¢J cry1vl￿nI marbrw We a￿ 1Wnb￿ of the Funaisw)g Regulator and en$ur• furldrnismg a¢lJ¥ty is (wrd (xrt in kne wrth Ccrfje ol FUnd￿￿ty p￿th•. anty law and r•kn￿l legisla1￿ G•narnl Data Pfole¢t#)n R•wlaiM)n Pfivacy and Elèctroftt CMIMUn￿a￿?fts Rtyul#)ns All Rippkry Ellect r•ceive trning and suppyl as apwylatè and. Knning new actrvrts. wè ensure the c01r￿1 xliTrJ b•h&Y c4 Rwple EIIKt rK•l¥e guKlarK• Iralnlng b&#ed on the code and we hold rngular meetmgs tra￿￿9 sesS￿S through￿( the year. [￿r￿mI￿allY ensure Ihat I￿r pokns. and guthnce that I￿pp￿ this are revw&J and upjattsl. Vle Lé sJJpp¢Thr 188dback arnj t(thp￿IniS véry w￿￿$ty. always m8ktng 8Ufe rt is recwded and fed into future plamry ensure contsn￿ to Nnpro¥e and put our supp)rters' voKe at the hwl d ow Myk Cher th• last yew sent lxrt 12m furKlfatsmg c()m￿￿n￿at￿S aCfOSS a of channels and from ihffj receNed 7 cempknts in felation Io Ouf fundraww xlivty, am of whKh were Inveslyl8d and successluly resolved. on ¥￿￿e. fftl¢xmth regardry w awoach lo people vtho are ￿ vulnef8ble circunutances aThJ wh81 tjo should receNe a wLst Irofft a Ihird party on one ol ow supwI￿. behalF This hcN4 ¥% dehne and ijwtsfy those in vulnerable ¢irwmstwc¢s Thi¥ re¥m￿d reg•, and trainiry ovmlod for teams, p0rtrul•ty those WI￿ ¥pe8 to OW SUPFXYter¥. reany appwi8te all supporter ￿•. Wo aro d811ghted lo that in 2025 8chiMd the in w (¥wiSatir￿'3 htory, •xclffl9 £10 fflllth fof the firsl timè. Ths rrdtstone rdlocts thé (￿r income is gerwated Irorn a ol wrth gfant fvnding remnirw the n￿1 signrfr8nt. represenhn9 74% of our iOt81 incoft. Grwtt Inco￿ m￿lease￿ gubstsnliaty 2025. large part by tt sustaiffled w1rwship Trth the Masiefcarf FoundatM￿, Their Iweroiij sup￿ of our ywlh wnPl￿n￿nI U99￿1? ￿￿￿nI¢￿ over hall of ¢)Uf total 9wI inc¢)n Th($ 1199$￿'P C￿lInueS tt> create {)pp￿￿￿rt￿S for you e to 9￿￿ S￿"11$, Secu￿ I￿￿K￿d5, ar¥J buthl resnt futures. Ylhrti provKled lunding lor cw Muttrf￿ntrY initiatp Cffi 9011 ar#J waler This regi1￿7Ce vthile en￿￿￿￿j Irrtihwjs ¢￿tribut￿MIS fuThJ a nunthr of Ch)e S￿h in Rw￿8 has equwed 8maPlhokler larmern wrfh ￿leg￿le0 fam sys1givJ apwoaC￿. By lo¢￿81r￿J on 12

Is defvofkng slgnifyJnl benelSts. ft has not I￿rty l * akno strenglI￿￿g mcomes sustwab challenging exlemal em11r￿merrt, mwrrtanry thts SMI ol support reprosenis source ol fundiNJ Th unreslnclod res￿rt•s ts parttulwty inwrtanl. as rt aknvj to Tel￿￿ reser¥es. invest In ré'li•rté. and SUPF¥Xt innovalL)n wxoss 0 the first tin ￿ 2025 This Y￿reaSe drNen pr¥T ty the scth-up ol ￿r Ibgship vrk. The cost of rawrg luThts rern￿r￿ txoadty ¢onsistenl vmlh the yevK)us year. d•spit• (￿gOing infl8tWary kwessures. H(Mwer, hjgh mnalrf>n xross many of our countnes of Ow ov•rnM for th• ye¥ was £308.233. f•oY•s•nliry a ThKxlesl iweo¥e ¢Ix￿red wlh Iho yeaf. Ifflwt￿ty. our unreslrthd net po$rt￿ stTeryihwd ty £160.OLKI c4xnrnilmenl to IMJ￿IK￿ resilnce enguring brn9.1￿￿ sustainablty. unreslrKled in￿)￿￿.. Oper•tlng modd revi•v. In 2025 we coTrd￿ a C￿preher￿I¥o re¥ of (wr ¢)perating Th)del, reduc4ry our f(Yed cost base arwj embedding arrfl coIi8Lvatrrfe w3ys ol w0￿r￿a We ar￿￿Pate sydnrf￿1l CO￿ sa￿r￿a$ In 25126. Full ¢o•t r•¢ov•ry: We contmu8d to sIren0￿ siaff capacrty training undwstanding the Ift￿ cg)sts ol déknry, •fflbadding imFrfoved ap&Yo￿hes to Fundrnlslng and •ngag•ffl•nt str•t•9y: are deloFirwJ a nthv gtr8tegy ¢)n long.tefm suslamabdty. wrth p￿lty given to ￿p￿K￿tel ￿enIK￿, mcore short notui due to a lack of ILmds. whilsl al Ihe enouriry that ¥￿ do not retain ij

lkntuat￿s K) •ypndrtuYe lèvéls To wotecl against Unf￿¢eft exp￿drtW0 workiTrJ tn nsky cakulated as avlable lof global ule ￿u8 fixed assets ih&i can be readfy transigted lo ¢wrent assets. TIW fN81 also enswe thal they have $uffKwl apwoved uedit A fflinimwn ol tW?￿e weeks unrestrthd spend bas•d on the annual slatut acC(￿rrtS tcAal the pYevKws year Th req￿re￿wI ￿11 r•Juce as fijw c(At A level ol fu￿1￿9 to cover w rk agamsl fcThgn exch8n9e rate fftKluth. seryes by 30 June 2025 as at that dat•, our Klugl fr•e reser￿8 ire £0.4 Ilw)n. Thé TruSlè&S pkn kn rnlum to rnsw¥èS • ty Jurn 2026 ty o Tola re￿1￿1•d réMr¥•s on 30 202S ww• £1.3 mlbrL have been wepared f¢x a perKMI of 12 fThknhs from the year end {hgh knl extension cow 12 months lo tr wop)sed dale ol apwoval of the fin8nciBI ￿81￿1￿) These fOre￿ts ¢￿SIder WKI anatyse any nsks th81 myhl alle¢l the charity's regwrces b) ¢nvironin¢nl rt$ wtenlial impact and ?XpendrtU￿ We con5Kler rt PO88th 10 offset any Potent￿ ¥lwyffals wth a red￿t￿ in exwKlrture, and we c(￿91)er it possible lo rechar9e central Suppryt Costs betwe￿ county w)gramr￿S We have an overdrnft fx4ty wilh the bank {£21Xlk) whrh do not expecl lo h(yAwr IB avalable the fvu yeor rf needed. prolecled frrrfn the of digruplw at slvt ￿ due to a W ol furKls, W￿151 al the s ensuriry that we do not retwn loy kwypr requwed. ¢)Jr ￿reStr￿ted reserves h8d the l&sl fwr ye4Tr whjth was a key driver for the operaling Th￿de1 review in earty 2025 ￿ the resulted fixed cos1 bw Therf h8¥e irKroxl IIH'8 14

monilor wlomwnce. cash11￿. and fofecasls rm a ftyular b9JiJ nwna9e our nan￿ lo the ar￿ty$ty of Ihis posrf￿ T1￿ trustees ttwefore Ilwe ￿ a rea¥>nab￿ expeclatw thal tt Chty hBs u8te resou￿ lo ¢￿¢mu6 In corttm basffj in prepanr¥J rts finanoal Slateff￿tS. Managing rtsks effeclivety is inlegrnl io tr of our vision. SITLttures in pl&• k) ensure Ih81 kty nsks are thntsfd aThJ nwtigated. The trusleeg we urtimleW responsty The Senby L&gdwthip Tewn revivA the swJrNtsnt nsks on 8 regulor ba￿.$ afMI en8LKe8 thal ￿tern￿ c¢y)trol are in plgce and adequalè. T Thr￿gh ththr day.tw 8ctrrt￿ Ihe Senior Lejernh￿ Tewn e￿u￿ thal nsk k8 1fhi$ll•bltr￿￿9j Thwe * also ￿ anttsfrwd antr.bn"kw ptsce. carty supulates ihat Effect has a zefD.loarKe apwoxh Io s￿h gdNiti'e3 A fin￿¢￿ b•sl fevthi phn Is m pl￿. thè res￿ (rf THhth S￿ Shared vrtth Senior LJefshy Team afKI the truslees For Ripple Eff•¢l Uganda. Rwlft Eilocl Kerya R4)pl& Effeca (Hub). thue riik Flnanci•l Sugl•in•lJillty Amid Incv••giry RMtsid•d Funqlinu country This reftects th• stroThJ relat#￿sh￿S thal counlry teams we cultN81￿9 wrth dor￿. Such f•strx#ed lundirKJ requires transp¥eftt and open rWKqtW3 wth tunders lo enswe de¥¥enng Value remaN P￿￿￿1. fl frnAI be cwefulty t•bprwl wilh n•¢d to main&wn ￿ar￿1 suslawimhty th increase¢l direct lurKJsng 10 tyJr c¢yJnlrns of cpwatth. our central trew fiJndw)n In the UK faces aOdrtKthI1 k¥essure lo manage cash effoctmty acmss am le9￿s. Ensurhg suff£nt to suprth wogrn is •ssentsal. The Ixntral lewn nvlyles nsks forewjn currency straiegies to maxtinoe Ihe imp8cI of funds translèffed to coiiriiry i)rograms. Iws also c(Thlud deL￿Fed re¥￿ of mgtch fundin9

so c4Mtinue lo face Incfeawg for a reduclng number of fvnding cpp(4tunrtw due to the Te(Ivclpx ￿ I￿￿n aKJ tsJd9ets WKI chgnged in trLrfI• Collabor•llrvJ wlth D•llv•ry Partsmrn effethwe detr¥ery model. whi¢h akgns the goals of 2030 ￿regY Rigorws due th'lwrte and pwtnw n￿rtOftrKj C0ntrnL￿ to be c￿1￿1 to mrtlgatsng nsks asK￿lat•d wth controls 8r• in ptxe 8NI Ih81 rol￿￿1 88Wmg syslerns afe ostabksh&J as part l•wning and the shanThJ ol besl wxlus. Infi•t1¢￿ •nd Exch•ng• R•t• Pr•uur•• Gk)bBI infiatM￿ has swjnrf￿ty I￿reased lfre cost of defNeft'NJ ow wJgrams and ptx•d ssure on stsff. Ill￿ remain convnffted to •nsur¥y lair ccMrwnsa￿￿ maintaini essenil WC¥arn ￿pUt$. such as fijel. dn¥￿ glob81 sl#J18ges To adesJ these ch8lkryes, W+P anlwaled int78t￿ into wopcl and dorAX bLKl9et$ to Al RipWe Efled, we behevg It ts rver accerAth lor anyonè kn eXPer￿ce a￿$• ol any kiThd. We opare a zwtrtolerance appffjoth to at#Jse frlwn ￿ staff land Ihe Organtsot￿ftS VA w(k wilhl l(hvards lh• ¢OnMmunrt￿ts W• 8f• h•r• to s•rv•, o¥walty the mosl ¥wknerabl•. To Ihls énd. Rippkn Effod 1n18mat￿aI and the Uganda aTrJ K8nya Bwds have each nominaiéd trustees wrth a rnSpOn￿1ty lor ￿uardIng. and havé aThJ wocesses lo •n*ed safe9wdiw auoss the (Vntsa￿7. Y•cknJ . Safeguardiry 18 a re9ulw rt￿￿ on the quartwty Board agendas . Safeguarthrwj tr•niTrJ to a• slaff. M(metwi assets ar#1 l￿bi￿$ in we into slerkTrJ at the rales of 16

the net mCfyl)mg resources lor yeaf. We are wec•piing an irKre85iry a￿￿nt of fvrKlry currermxs threcl lo Alrro fknh kKrease$ our expo￿￿ lo fortyn exchry risks on c(xBolthlx)n in Iho UK We re¥v•Ad In 681ts'rKJ appropnth pay18¥•ls Rwlo Effecl ￿ lo m&e surèthai Pty 8mm￿h ￿ fecruf4 d relam r￿18 wrth the sknlls we need énsuring that ¥• Use the rrnyey entfUSte4J lo us by thjr donors wisèty arrfl achthe thè greaiésl in dek¥•nty our ctyctNe$ In sethng CEO S•Th)r L•adwshy T8•n pay the tr￿10•$ cons#ler the and experwKe required Iw lh• ros and rwuwat#)n l•¥els n tho secbf Pay ts fevd annualty and takes Inlo con$thraI￿n 3ff￿da￿1ty, lffermls, and the extemal pay erNifonment. Ibll¢ bM•ffl arns ar>d ￿C￿¥•I arKI in planrwfj thè fiAur• 1£tm￿ of thé Charty. The Pub￿ benefrt of R4>P￿ Effèct I￿$ fft SuPrAN￿r￿￿ the￿ r•od In rnral Atsa ty WO¥Kling Ihe nwn¥ whweby lartmlies ffi poor afeas crTh ILyther in gr(wps lo lewn ar￿ It￿ w(xk wilh rene4￿￿ hope confidence lo Overc￿ aThJ arKI make a g(K¥l Irmg frcxn the laThd, The Iruslees thwefore clxfirm thal RvpFde Eff￿1 lulty satfs putrkn benafft te81 arKI it does sgtsfts the lest as set Ixrt in rnwt. 918lerrwts in axudance wth 8prAKable I￿ Unrted A£¢ounlty Sland¥ds {Unrted lQrydom Genw81ty Pc£epted Acc£wrtirbg Prxlt•) i￿•ng FRS 102., The Flnanc Rw)rting Stsndard 8pplicatAe m t￿ UK. The arable lo Chant￿ in the UK requ Injsiees 10 propare finanejal swémènts lor fts)anc•l year grrts a Iwe and fay of the slate of aff•ifS of the cha(rtable coftyny tr gr￿P, and ol the inc<)Th¥ry rex￿rCeS and ol ￿(￿r¢e¥ ¢hwAabbe group f(Y IhBt perKxI In Fwarir¥ th￿8 fmwncwl st•l¥Tnts the ¢ruglees we rwwwwj b". Make judg￿nts and estHr￿leS Ihal 8re rea￿￿ble aThJ Stale appltat>lè accounbNJ standwds boon f01kM￿l. Prepwe the fina￿181 statements based a gory c(xKem rt . r￿sOnth xcurxy al ￿ ts'rnfrthe ￿n￿lI po$rt￿ olthe tharty and e[￿ them to erffjwe thal the fIrwic￿ slale￿nts corn￿ w)th the Chwl*s Acl 2011 8r¥l regu￿1￿ thereunder and wrth requKerrnnts of the CUypan￿ Act 21))6. a￿ algo reswn%tAe Safeguarding the assets of the gr￿p and the paiert charty and hence takiry i¥¥¥(xwbk ¥lgp5 [￿ Ui¥ aimj vl fi¥￿1 wi¥4ul¥ith¥. 17

The Intstees a￿ fcrt mainlerwKe ar￿ nlégfrfy d the corp)rale and fwwndol formK)n mduded ￿ the Charty's websrt• LWSlal￿ m ￿ UK govemffig popwa￿l The In￿te•S al t￿ date ol s￿n4￿j ￿ It￿.$ report are listed urKler Legal a￿1 ￿￿￿StrAI￿a Stai•m•mt t• a• a) So lar as the truslees are aware. thwe ij no re¥Jnt inftnrthn ol whlch Rl Effect's audrtwJ we unware wrfl b) Tlw have laken the sleps Ihw (xwm to twe 18ken 88 Irusteos to rn￿[8 Ihèff h88 IndKeO its wmingness lo bo rnaP¢4￿qtrj as Stsiutw aLMIrtus prepared a strategt report. rowxl wo$ apwoNvJ trrf the tr￿• 2f 2025 and s¥JMd on th•ir behall Peter Jeffr1￿. Ch•lr. Board ol TnMt••8 Rlppl• Effad Int•mallon•l Fw th• y￿r •ndln9 30 Jun• 2025 18

We ha¥e audited Ihe firwc4 s1•teM￿lS of Ripple Ell￿ InlernalKK￿ the year ended 30 June 2025 whth cwiprtye the Con8th￿ed StatefWt of Fin￿￿ AdiVrt￿, 8818 Sheets, c￿8(A￿lated s￿1￿￿ni of Cash Fkrws. 8rn1 N>te8 to the fmancial Slatwtrts, )cILMJing 8 gummw of 8cc¢xinDry poI￿le The financ1 fram?￿ork Ih81 has been applRd in ihthr Wep8￿￿￿ is apfvble Ivw )d United Kmgdryn Accountinp SlarKl8rds. FinarKial RepNIwig Stsndwd 102 The Rekvlmg StarKlwd Pradrel GNe a and far thè té ofth• gww's and ol pfireni tharnth c¢xyny's all￿S as 0130 Junt 2025 and ￿ thè gr¢>ups and pww)t chan¢ab￿ COMF&￿.5 net r￿left￿nI m lunds. Mid￿81￿j Ihe irbCC(￿ and eXp￿dItUre. the year lh￿ ende(l. Kwjnbng Prad the Ch8nls arnl Trustee Invesfftnl (Scot1￿) 21x15 arrfl rngulikn 8 01 Ihé Chths (Scotland) Rt9uth)ns 2(Th. IUKI) and appkable law. Our fe¥h)nsilyhtw urthr those siafbdafds are further descrthd kn the Audrt(￿S respOn%bthrt￿ lor Ihe audr4 ol ihe financ4 Stsfery￿nts of ¢)ur repty1 We we I￿ndent of the g¢oup in 8cctyd•rte vrtth tt eth￿1 lh are to our 8LNdbl of the financial stalwnents in Ihe UK, i1K￿dIng FRC'S EthKal Slandard, we have fulfilled tyjr othef ethul respons￿￿￿￿8 m accofdwKe with 1180 ftyuw•rMnts. cwcem b4is ol ￿(￿nIff￿ in t1￿ kyepargtion ol the fmancHI statswts its apwowwle Based on the ¥rt h8¥e perf0M￿￿, we have nol thnirf*d any ftpleftal un¢èrtaintK fel8tsrKJ lo events ty c(rtirt￿nS that, or collo¢lNety, ¢asl sBnrfunl d￿bI on the group's ablrty to clrtinue a5 8 c£xK¢m lty a of al nKth$ from

infDrm8lwx 1￿mIe￿ Ni the TnJstees' AnnLd RepJt. 8ThJ tl'Rewt Irrym the Chair and CEO. Our O￿n￿ ￿ the firÈancd stslennts thxs rK4 CO￿ the olher inlryrr4tK￿ and. exwl lo In conn￿lK￿ Mlh (w audrt of the f￿anCI&l st8teffnts. respm8￿ty ts lo rèad thé othBf Inlomwkn arrtl, $0, c¢n6Kler whether IP mènalty mconststenl ssiaternents. wt we required lo detWft¥￿ wlthr Ihefe is a mslalem8nl m tho • ha￿ Paflrnd, c￿￿[#1& Ihal thefe Is a ftwenal mtsstaitmeni d this olh InI￿th￿. m are rnqurnl to that t. ￿ ha¥ ncAhty ￿ r•pM m this regard In our opnThi. based the Thl)rk undwtsken in the ol Ihe audrt". The 1nf1xrn￿ 9i¥en ￿ Ihe Truslees, Repxt It￿¢h wKkKles the dr￿lOrI. reF#xl eP8red ts the purFKU% ol ccryany Iw) the yew the financ[ In the Ight ol thé aThJ undttstandiw of Ihe group charrtable pryny and it3 . Ihe T￿Slee$, RerM)rt the dwect(xs' reF>t). us lo rewt to you rf. irt I￿1 OPYt￿.. lums ad8quale for audrt havé b1 receNed Irom trfanc￿ not ¥￿ile{l by us accounbrwj reoyds reiurns have rece(￿$ al ts Inf(x￿kn and expl￿￿￿￿& requ￿ our audft. In￿1 COmp￿￿a. regimè and take thanitye of the smdl c￿n￿. exwn(rtws in tfusiees (wh) are the direcltys of the chan¢able w4>any for pwposes ol cLryany law) are responsth preParat￿n of knawal Js18t•nènts and for being sati8W thal gNe a arjd lair vY. for wch intwrhal ￿￿trol as Ihe truslo8s detonmino Is

lfi prew(rbg tho finarthl sts1eft￿S. Ihe trLtees are re¥wsQ>lp kx 9$3essMy the gr￿p8 d Ihe parenl chwrtable crfflpary's abthty lo as a prwj c(XKwn. dtsclosry. as unM the trusteej •ther int￿d to IquKJ8te Ihe pwont ¢hantablè cleni to ncM-c￿rylIWKe nwt have o mat￿1 ofthe financ￿ stalen￿$ such as tr Chorilies Acl 2011. CryTynies Act 2(Kh3. the Charil and Tnjstee InveJlJnenl (Scollandl 2(M)S. rtyul8tKM18 01 th• (Scouand) Regu1B1￿¥ 21JX arKJ pwol taxes. fffjancl stateffnts lh• r￿k ol tr4err¥Je ol c(xrtrolsl and deleryTwned IhBI the pnncipal risks felated to irw<ywte pumd entr￿ 8rwJ mana9wrth bi85 of rw.¢(￿￿￿1Ke wilh laws WKI regul8tK)n wvj Identsfyirbg arKI lestsrvj Joumals. in partjculw PLwnal entrw ￿￿ted wth Y￿Su41 &o)unl Chaknging asSumpt￿rn TrJd9tr￿nts mxle ty Irwr￿ in thw year e￿J. ause of t￿ inhe￿nI an awsrt, Ihets is a risk that we not del￿1 al ul•rbls, mdLwJing tl#)se be•Jiry to 8 m8lwial mtsstalwrnnt in Ihe finar£d SI•n￿lS or nDn•corWce with regul91￿n. This nsk in¢feases m(x• that ctyry&•nce wrth a W or 21

greater regardirvJ irregulart￿3 OC￿rrIV to tr￿d rather than error. as frwKI on itrry Fln¥Kal R•ptyts'NJ CO￿￿￿,8 webiit• at www.frC.(Y9.￿lwlIoI￿wMMts'￿tss, Tl¥• Chooer 3 ie of tr C(¥npang Ad 2￿, sec1￿• 44(1) (c) ol chan1￿8 arKI Trustee Investrn•)t {Scottand) Acl 2005 and regulat￿n 10 ofthe Chanties Accounts (Scotl8 Régulations 20(￿. (kn ￿drt work ha8 b6en wKSertaken 90 th81 V•e myht stste to charrtab comp•ny'g mniry tIK>ge mattefs we re¢wYed ￿ st to ttr￿ in an A￿lIt￿ rnp)rt for no other Pwx)￿. To the éxl0rt rmirtted by 18w. ￿ do nL acce0 lx assurr responsitslity to anyone other than the chwitable compgrry •rKI tr¢ dwilable ccffipany's St•v• Harp•r (S•nlof Slilutory Authtwl 7 NoV￿b•r 2025 For and on b•hlf of Hay•Mac LLP, Statutory Auditorn 10 Qu••n Str••t Plac• London EC4R 1AG 22

-,4 pple Effeci lnlerpaii￿aI For the yfrJT ended 30 June 2025 2024 1909.1507 217.013 %128.W 1086,628 480,SS3 3,147,181 13.fth 9283.841 9391￿1 5.813 14.087 67.401 27,0￿ $.713.640 5.740.649 6,541 6.541 11.925 104.658 31.915 118,746 9JJl• 79237 14,849 3.CQ9.968 9.637.427 1 647 714.010 6 288.288 9,002 328 Exp•ndlturn on: 1,178.435 104297 1311n2 1.OIQ.IM9 XI3.881 1247,8X) 1.519,329 9.385.138 10.904W 1.584.395 S,628.885 7,213,280 161,963 161,913 167255 167255 792.599 5 835.7es leo.241 147.992 l78.$6VJ 4S2.$22 373.963 311.362 1.107.914 1h19376 JJ9.921 655,392 1,045,313 T*)l•l ￿vrt•d lo￿• 11

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