2020-12-31-accounts

Company registration number.. 02435882 Charty registration nttsi)b$r: 802353 Ethiopiaid (A c4Jmpany INnited ty guarantee) Annual Re[￿ aNI Finanoal Statements for the Year Ended 31 C￿eMber 2020 .0￿85F])Fty 1810812021 COMPANIES HOUSE Mitsted Langdon LLP 4 Queen Street BA1 1HE

Ethiopiald Contents Reference and At1rninTrstrative Detals Tiuslees. Report 2to12 Statement of Trust￿, Res[x)nsi￿"lities 13 Independent Auditors. Repcvt 141016 Statemenl of Financial Activii 17 Balar￿ Sheet 18 ststemenl of Cash Flrffis 19 Notes lo the FThncial Statements 20to36

Ethiopiaid Reference and Administratlve Details Chief Exe¢uliv• oifi¢¢r L Cousins Trust40s A Chapm A Fenn S Grirnsdae Norman E Prak N Reed 14 Hom T Reed S Grimsdale Secretary Registered Olfice 3rd FkM)r Upper 8orwJh Court Upper Borwgh Walls BA1 1RG The dwrty ftK0rF￿ated in ENJatMI Wale5. C<*npany R•gi$￿tIon Number 02435882 Charity R•9lstrntk)n Numb•r 802353 Bank•rs B8￿y5 Bank Hcwnslow Leicester LE87 288 HSBC Bank KnKJhtsbridge Prernier Centre 102 Brompton Road SW3 1JJ Bank of Scollarnl PO Box 17235 Edinburgh EH11 1YH Istsd Langdon LLP 4 aueen Streel Auditor BA1 IHE Page 1

Ethiopiaid Tfuslees. Report The Irustees, who are dir8Ctors the purposes of o)mpany kw, wesent Ihe annual report togtrther with the finanrial slalements and audIt(￿s, rep(xt of the charitable company for the year ended 31 December 2020. Purpose of ¢harlty Elhiopjaid works wrfh Ethiopian partnews to irnwwjve the Iwes of some of thè pooresl and most VUlnera￿e people in Ethiopia. The charitys global strategy stales thal their key objectives are.. . To reach and Nnp8Ct p)sthety ￿ the lives of Ihe most pocy aThJ m￿￿nalIsed in Ethicyia as identified by project need. paitrier access and expertise. • To be the Charity of chry¢e for those an interesl in Eth￿￿￿ and the causes supported ty the charity. . To et)surè robust systèms al￿ proc•$5es to 5af4gu8rd the dwnws fulure opeTrtions in an evc4ving development landscape. Summary of maln actlvilies Ethiopiaid works closety aThJ in partnership with kral iThYiger¥Jus organisatKJns know the local context and arè best placed to design and deliver effective and impactful projects and programmes. In 2020 Ihè chanty fvnded the fc4kiwry work. Af• Pastorall$t D¥V•￿Pment AssKithn (APDA) APDA works in remote Afar region to ermj harmfiJl tradib'onal ptacts'ses SLKh as female genitsl mutilation IFGMI and earty marriage. APDA'S outreach heatth workers work wth farn11￿$. traditional FGM practitioners. communits'es and relo*)us 18adèrs to challenge atts"bJ¢Jes. thary rnind-sets and protect girls. AssKiation for Women's Sanetuary and D•vÈlopmÈftt IAWSAO) AWSAD provides sale sheller ￿ SUPFth to w•￿en 8nd 9irf survivcrfs of g8rthr based violence. There are 5 safe IN)uses acfOSS Eth￿￿ cwing for a rbumber of SUf¥ivors. The women and 9irfs ro￿ve m¥dul ¢arè. psychok4iral supporl, skills trdinir#J and assisiance wtth bftnging their perpetratrJr5 to justth. AWSAD'S wogramme algo incknjes prnvention aThl awarèness trainiry the pdice. governn￿l. school leachers students. Ch￿hIrn S¢rvic¢s Ethiopia Cheshire Servtces is a ￿adIng th5abiW charity working adults and ¢hildrèn. They provide Ix¥rective surgery, iniensive ￿habilitation. motN"lty aids and physK)therapy. Their wheelchair and proslhelics w¢)rkshop woduc8s speualisl bèsFK)ke equipmenl, arKI a liveh'hcM)ds wogrammè slyp￿ts disabled households to become fina￿￿allY s8lf-supp(wb'ng. Dlgnlty Perfod D(gnitys rnission is to ¢harvJe altitudes t¢)wards menstruation, provtde reusable washable sanitary pads and keèp gids in schcd. across the Ttrjray and Alar iegK)ns. Their outsach workers visil rural schoob lo educate both girts and boys. to dthibute ￿ltary P￿kS and lo end the shame around periods. Pag& 2

Ethiopiaid Trustees, Report NaM￿Th Ftstula Hospital The Hamlin hospital is W￿&[enOwned for tl treatmènt and ￿ha￿lIatIOn of womèn suffering from obstetric fistula. This Ethiopi8id'5 fijnding Sup￿Ie￿ the Hamlin's mi￿rIery college and fistula prevention work. M1th￿fery students ale recrurted fmm rural aTeas. ￿￿1ve high qualty training for 4 year5 and are then tt8pl0￿ back to rural communty heamh centres. Healing Hands of Joy Healing Hands of Joy rehabilrtates fistula survivors by tsaining them as Safe Motherhood Ambassad￿$. The Ambassa1ors retL6m to Iheir communrtiès to $UPF￿rt access to pre-natsl education and encourage wornen to give birth Safely in heallh centres. thus preventing fvrther fistula cases. Elhiopiaid supports their programmes in Amh•a SNNPR wons. How Entorprises Hope Enlerprises provKles arKJ 51Jppor15 educalw for impo¥eri5hed students from primary to tertiary. Ethiopia¢d funds the technThl and V(tst￿al education programme in Addis. aloNJ$x1e the feeding programm¢ for the pcwt of th& Ky)y livTrng on th• streets of Athis Ababa. Hope Univev5ity Colleg Elhiwa's first not4orxofit univer• enables stlth￿s frc¥n impoverished backgrounds to receivè hvjh quality edurab"on. Their mission is to prowdè aspiring le￿ErS thè oplton of pursuing a worfd dass degree witlxxjl leaviNJ Iheir tt>untry arKI ￿ltural soth"ng. Funding supports student 5rholarships so that the pcK)resl siudents can att￿d the CrAlege aThJ comFdete their sludies. Hospice Ethiopia Hospice Etliopia provide pa1￿￿1Ve homè care to ternlnally ill people livirwj in KK)vèrty WIK) have litue or rKJ ac￿$$ to medi(l assistanct. Most of tsr pakn.ents have cancer or AIDS. Hospir£ Ethiopva's nurses provide pain relief and Fersonal care to enatAe their palients to die with dignty. Support for ChIldre￿ Women and Oldr P•rsons {SCWOPI Ethiopiaid funding provles weware support to 1.071 impoverished eklers and 100 orkknned vulnerable grandchildren livirpj in the slurn5 of Addis Pknaba. 9)% of the elders a￿ female. A monthly pension payinent ￿ made to each elder so that ihey can purchase basic food staples, wth 8xtr8 payments for those with de[￿￿lant grandthildren. Funding is alw provthd tQ SUPkX>rt medication and $uigery ￿ ireai eye protAems arKJ restore ￿ght SENEthiopia (previously known as SEKfigray) SENEthroFia SUP[￿rts children in the figrny are partialty sighled and tmind. TW improve access lo edu¢4tion through the provis￿￿ of resour¢e5, SUPPOrt staff and specialist SEN equipm&nt. In 2020 Ethiopiaid provided a srnall grant for emergency support for resthnbal students at the Mekele Blind School during Ihe Covi&19 parnlemic. How of Light Hcpe of Light is a t¢ym&J organisalK>n ￿nded by Dr Amts3￿ an experienced tstu SUT9eon who trained undèr Dr Cathen"re Hamlhn. In 2020 Elh)piwd Fffo¥ided funthg to kick slart the organi￿lJon'S fistu￿ rxntres in Jimma aThJ GoThJar. Page 3

Ethiopiaid Trustees. Report EmI￿neY fundlng Ethiopia￿ prowded a numter ol emergency gwts lo pkners facing signfficanl challenge5 throughout 2020. Locusl swarms in Afar Funding was provided to the Afar Pasknalist DeVelopM￿t AS￿latiOn IAPOAI to 5UPPOrt communilies SeVe￿ty impacted by devastating loujst swarms. fftr 38.000 people benefitted from nutritional support, health screenirvJ. veterinary and provis#)n of fodder to keep livesiod( 4iv¢ and prc4Juctive. Support during Co¥id pandèmle Ple(W 9rarts wère r8l&ased earfy to a number of partners to enable them to respond to the immediate challenge5 caltsed by cowd res1rlct￿nS enabling.. . feeding programmes for vulnerable sclKd chillren whilst sth)oLs ￿re dosed ' provision of PPE and sanitisers for staff and benefKi ' core operational act1Wt￿ to thnlinue Our small grants programmg partners The small grants programme is a fundrng opporiunity for localy Tegislered Ethioptan ¢harilies lo apply for a one off grant of up to £20.¢lll for YJwk aligned wth EthNwiaKI's global strategy. Thè programme enablès E1h￿p1a1d to fvrther its reath armj also assess Fthnlial for kYW￿4efM parine¥slips. Grants totalling £119,000 were dislributed lo the fo11r￿lA9 Elhw)pian charibes.. . Alliance for Better Life Asso<aation IABLAI . Cheshire Foundalw Action for Indusion . Child Develo￿￿ent Trainir4J and Research Centre {CDTRCI . Atsede and Indies Matemty Clinic- M•JwNes on the Move . Mothers and Children Developwl ¢￿Tr￿ation . Pro Devek)pmènl netwofk . Promotional Seryice for Devdopmellt . Gu￿a￿e Weware Development A$￿¥at￿m IGWDA) Th¢ 819 Giv• Christmas Chall•ng• The Big Give ChrÈ5tsnas Chalw is a match fijnding campaign where donatK)n5 to pathipating harities are doubled. Ethiopiaid prov•Jes champion lunding for UK re9iStered charities that work in Ethiopia wth thè tha1￿￿Je of securir¥J matche(I p￿ge5 trorn tr￿lT donors. In 2020 Ethiopiaid's champion fund of £84.500 su¢(wfuUy levernging an adthlional £214295 ￿ donat¥)n5 fw the fdtowing ¢haThlies". . Together We Learn . Lifebox Ftmjndalion . Hope International Devewient Agen¢y Hoswc Eth1o￿a UK . Ethiopian Education FouThJatx . Send A Cow . Poverty5wap ￿mited . Bees for Development Trust . &obal Care . Lnk Educaiion Inlern*bywl Hamlin Fistula UK . Womanknnd Wortthide P￿e4

Ethiopiaid Trustees. Report S••d fvnding to Ethlopiaid Australia and EthlopSald Canada Seed fvnding is provided to 0￿r EthiopiaKJ offifs to un¢Jerwrite fijndraising costs. enable growth and ststm.lity of ￿r￿raisINJ. and maximise grants to EthK)pian partners. 2020 was the final year of agre¢d support. PublK ￿nefft To ensure th8t the uthlOSt pubfic benefit wil be recerved arKI maxiftwm 8mwnt of money can be fO￿arded to its partners. the charity keeps it costs to a minimum. mainlaining a business model of facilitatin9 action in Ethwka. but minimisiThJ adron aside from lundrnising in the UK. The charity pre(fomirbantty Supp￿ts 1ndiLw￿￿$ to promote capaaty building and maximise ¢ost effeth"veness. The tnJstee$ are therefo￿ c(x)fK1ent that Ethio&Maid meets Ihe pubfic t1e￿fft ￿quirements and they confirm that they have laken into accxiunl Ihe gu#Yance ct)nlw"ned in the Chanty Commission's general guidance on wblic benefft where appluble. Pofw on ￿nI making We are cijmmitted to invesling n partnetship5 that expand cNJr reath aThJ impact across Ethujia. Partnership selectiw is based on lour prin¢iples'. Ènte9rty. passK)n, ex¢ellen¢e, and commitment. Before Wofking wth a new partner due diligence is undertaken lo assess any totential risks. New partners are Ays cor￿l￿ered through the ferLS ofour gk)bal strate9y. Eth￿p1a￿d remain in partnerships as long as there is a dear need ar￿ fundiThJ continues to make signiftsnt imp Fundraising Regulations The charity adheres to the Insliiute ol FundrarsirKJ Cc4Je of Practice. 15 registered with the Information Commissioners off￿1. aThJ the Fund￿SIrwa RegulatL. Complaints are recorded by the charity on the cc•m￿alnIS wisler and shared with the Fundraising Regulator annu811y. In 2020 there wÈo a totsl of 15 ¢ompiaints received by the charity {14 were received in 20191. Al comF4aints tere dealt with iMmed￿lety and any remedial actions required taken. The charity did not receive any data subject access T￿ests thrir¥J the yEar. Thefe were data b￿acheS lo Strategic report Ach¢evemeTrts and performance In 2020 Ethiopiaid supported the work of 32 ncffi wvemmenlal organisations workirvJ in EthiopFa through dired partnef5hips. the small grants programme and The BMJ GNe Christrnas Challenge. Kèy achievements for induded: . £2,283.504 worth of grants were made to Ethty)pkan part￿rs. . Volunlary income IexdUdw￿ legwJ"esl for the year totslled £1,924,261 12020 tan3et'. £2.220.1￿01. P•3e 5

Ethiopiaid Trustees. Report . Se¢ufivJ a giant from the UN Women's Fuid to Mrt￿ate the impact of Covhl-19 at AWSAD'S safa houses. • A matched appeal Io SUFWI Howce Eth1O￿a'S expangc¥) inlo a new ￿9￿n raised £30.760 . Eight additional Ethwian chanb"e5 were supported through the small grants program. . An emergerw appeal raised £183.000 to suptNNt t￿MMUnitIeS impacled by kxust swms in th8 Afar region. . Stable and pr(Mluctive staff team vkno delivered ￿su￿ts despite chall&ys of COVKI and worf(ing reTh￿tely. Achiev•m•nls against objectives sèt . Succe5sfulty ddivered ts annual ￿hedUle of dire(a mal cwnpaigns raw £393,536 exce•Jing ihe £280,000 target. . ￿er £1 millKJn raise11 trwh regular 9ifts. . Legacies received with a value of £347.364 enabling us to make signthnt grants to pathers and respond to emergen¢ies. . £294,033 rdised through grdnts frorn charitable trusts. fwr¥Jal)ns and grant makers. . £182,947 raised Ihrough phdanlhw¥c gifts. . Regular grfls incseased by 1.46% from the pwcojs year. . 1.748 new donors 12020 laryet". 1.500} engaged ryth fdlow¥YJ an wuisib.on (mpaign Ihrou9h Facebwk and Instagram. . 766 new regular givers were recnJited during the year. . Timely and 8ffioent grft aid claims resulled in £257.938 bpiry daimed bad( from HRMC. Overall running costs We￿ kept to a minimwn. For ew £1 ratsed 22 pence was spent on administrab.on and fundraising ¢osts. Priority weas for 2021 aintaining income slteams EihiopiaKI will foojs on maintaining perfonning irmme streams in order that we ensure organisat#Jnal sustainability and resist shocks to our finances. A good mix of income streams that wll deliver ￿ the Wnmediate. m•J and term. Donor stewardship Régular 9ivin9 from indNwJuals Ihwgh orders armj dyect debits. 15 an effective irKvme stream for Ethiopiaid. Our focus for 2021 wdl be to statslise committed income through improved donor stewardship to aid retention and lrfe b.me val￿. and a programme of new Ik)r¥)r wuiglion. Capaety I￿lIdIng EihiopiaKI understands that its pathers may require support to strerythen thw ¢xgani5ation to in(xease its effe(aiveness. professionalism social Nnpact. A programme wll be devebped. to rrfovxle ftJrKling in (Kder that pathers can ajdress their capacity needs to 5UPPOrt sustainability and becoming 'fiJnder readl. For eXarnp￿ lea(le￿hIp, finance. proe¢t managemen( markglir¥J. lundraising arvj hum￿ restyJice5. Mon•toring and evaluation Our monitoring and eV￿￿al￿ prixess conlinues to be regukrty revie*Ed and strengthened. Wilh the global pandemic restricting a￿.1￿ to travel to Ethioy"a. erwriThJ a blend of rerTh)te monitoring coupled with an in-country cDnsutsnt. will be a priority goirKJ foThvard. Pw6

Ethiopiaid Trustees. Report EthK)pia#l UK will vThk dosety wth Ethwatd Canada. Eihiopkghl Ireknd and Eth￿)p1ald ALthlia to ensu￿ a cohesive approach to M&E. Financial r•¥i•w In 2020 the charivs tolal I￿orne was £2.561.580. (kxn from £2.581.046 in 2019. Thi8 was dLte to a decreasÈ in dMatiLWS from £2,060.951 in 2019 to £1.924,261 in 2020. Gift aid redairn￿ incrÈased to £257,938 in 2020 from £239.124 in 2019. whi151 gits in kind remained Ihe same in the year £29.000 12019.. £29,(KKII. Expenditure on raising lunds in thè ￿ar was Q56.351 12019.. £332.3401, vthilst expenditure on charits￿e athwties iirAeased in the to £2.603.297 from £2.351.554 in 2019. The charity generale(J a largef defi(il in the year of £298.068. ￿ ￿Crease of ihe 2019 defiit ol £102,848. Elhiopiaid doe5 not invest any donatiorts ￿ thè mwy market. but mardy uses deFrf)5it aLu)unts to èam interèst on any moMy ynb"l rt 1$ donated to our projects. Elhiopiaid uses different banks lo diwde any depo&ts between them. in ￿$8 of arry b8nk defaukiNJ on the depO￿L A5 Ethioyawj ￿ very cautKXJS aL¥)ut its investments and cash. In terTns of ethical investments, EthioF#ad does not invest in st(k and shares thè￿f¢re r inveslrnerts are consKlered'unethKar. Reserves policy It 15 the pc4icy of the Trustees that eash ava￿ for disin￿ft at the énd is sent to Ethiopia when suitable projects are found. The charivs cC￿e reseryes 15 to ensure that we have er￿gh lo cover olle year of main parlw donatM)ns and cwr ovetheads al any time. Priheipal Source of funds It IS Ihe poliGy of Ihe Trustees thal cash avaiLable for distributKx) at the year eThY is sent to Ethiopi8 when suiiable projects a￿ found. The chariils core reserves kx)licy is lo ensure that we have erw)ugh to cover one ￿ ol main pawtr)w doTrabons a￿1 our overheats at any one time. At 31 December 2020 the charity £2.301.97512019 . £2.683.144) in unrestricled reserves. Based on ihe eX￿ndItUr& levels duiing 2020 thè unrestn.cled reser¥es held at 31 December 2020 equate to approximatdy 11 months ol partner donatk)ns and overh&ids. The charity has £83.101 in rèstricted I￿r¥eS wied fowward. of whK* £40,(K)O relates to Noma and Faoal Oisfigurement. £2.062 relates to DvJnity Pwi(MJ Proiecl ar¥J £41.039 re￿leS to Hamlin Fistula HosKMlal. Total free rèserves as at 31 Deceth 2020 wère £2.295.87812019: £2.683.1141. Page T

Ethiopiaid Trustees. Report Prlnclpal rlsks faclng the ¢haTfty Managing risks effeclNety is integral to ￿ achievement of EthiopiawJ's Vis￿n. The Trustees ensure that 8 risk register reviewed * eath Ix)ar(I rn￿￿￿ so thal key risks are hlenlified and mitigated. The TnJsteÈs are ultimately resFonsible for risk marwent arml IhE Èffectsveness of Ethiopiaid's inlefnal ￿ntrol systems. The fouowing framework is in place: The CEO maintsin5 the risk register arKI revivAs y significant cffganisational risks on a regular basis. The Trustees re¥￿ the Strateg￿ risks and the internal conlrol meagjras. Policies are in pl8r for raisiTrJ ()m￿nts and ojncewts (thistl&b1￿ty￿jl. There is also an anti-fraud. corruption and bribery Oicy in place. The rnain ri5k5 lacing Ethiopiaid are: Risk Mitigatitin$ Monrtoring of media reports and information from partners. Pause all funding to partnets in figray until there 15 Staknlity and programmes can resume. Enswe transparency with donors. 4Jdrèss new n#Èds artsing from Ihè situation for example SUP[￿rt for rebjgees and intemaHy displaced pe￿￿$. Keep up to date fundfaisiro ITends. Clear and realistic fundraising strategy. Investment in fundraising activitEs. DNersrfy and develop new funding streams. Ddiver best ry)ssible donor ¢are. Maintain adequale level ol reserves. Build the r2pacity of Eth￿pIan partners to be 'hJnder reaty aThJ attract olher donors. Monitor Ethiopian pc4itical landscape. Regular Safeguarding of staff, volunteers dwrfwj Iwnes of c(xnmuntstK)n partners, Brrtish pc41t￿l and social irtstabilty Embassy and oth8r networks in EthM)w'a. Regular iew of slaff aThJ volunteer travel polic¢es. Partne￿hIp agreements wth every partner. M&E checks. Parlners to have pdic¢es on anti-fraud. bribery arKI comjptinn. Safeguarding lead Tnjstee. Elhiopian pathets to have (yATn safeguarding t>d¢cies. processe5 and training in place. Ethiopian partr￿ mu51 commit to EthiowaJ's safeguarding policy arvj CLKle of (XKluGI. Annijal retre5her safeguarding training for Eth￿￿aid stsff. Safeguarding trainin9 deliv8r8d to volunteer5 travellirs overseas ElhiopHJ. Mili action aThl V￿￿enCe in the fi¥Yay re9K putbng at risk pwther proiects. iwefiuaries safety and ability to continue workirKJ in Ihis reg￿n. The￿ 1$ a risk to donor (X￿fidence. Reduction in fundraising income Frnucl and misapprcwalK)n of funds in E￿p• Explortatmjn of benef￿￿eS Page 8

Ethiopiaid Trustees, Report Impa¢t of Covid-19 The Charity has adapteil its as a resul of Ihe Covid.19 related control measures enforced in the UK and in Ethioya. The risk5 a￿ reco￿ed on the charitrfs rsk ffjgister arKI rwed at trustee m¥•t)g5. It is anliripated that the main risks to the cha￿S ac'vrt a￿.. Risk Mit•gations The charity on flelivering excellent slewardship of dorK)rs to encDurage longevity of stspwrt. Donor5 WtshiThJ lo cancel w411 be asked to consKler feducirvJ or pausing their don3￿￿$ as an alternalwe. Eff¢yts wll bg dtredeil to reGruit new donors and increase other income slreams for the chanty. Processes wll be ￿VIewell and strèngthen8d. Ethiopian based IxrnFtsnts WIU be sought to supwt M&E. An M&E lrip wll be scheduled a5 swn as li is safe to do so. Restrictions in Ethi¢)pia have meant some sefvices and pfctyect have temporarily ceased. in pa￿.¢￿lar those linked to education, livelEhoods Risk to our pwiners of teing un￿e to dek¥w and outreach. The charity mabntain regular services and programmes as Flanned communications wrfh partners lo understand conb.nuty plans and provide support to ensure that 'Th)mwl' ser¥icesl projects can resume quithty and effèciively Or￿ restricirons are lffted. Demands for addilional lunding to support our The charity will ensure that furMJiThJ d￿ls1on5 arè partners response to CovTd-19 may in(yeast made quickty and grants released early as aFwpriate and nece￿ry. Risk of grant makers redirectsng Kundir¥J to The thanws staff ￿11 ensure all opportunib.ès to d.19 proiècis aPF4y for appropriate fvnding 8re taken. Tice weekly team zoom calls are held lo disojss the weeks priorities, ensure locus and mainiain produc11￿. The vdlbeing and re5ili¢nco of team EthK4MaMI eM￿oYeeS worknng reftTh)tely due to rnernbe￿ 15 reviewed by the CEO on a regular office dosures and travel restncions basis. All staff are provided wilh laplopsl taemces to enable w(Kk to conbnue rprr￿tety. IT supwt is prwded by Reed's IT Team unb"I such b.me that e mwJrate from their system. Reduction in incoffle from Indi￿d￿81 dor￿ due lo ecorKJm¢c downtum in the UK Inablity to travd to Eihiopia lo undertake the monitorry and evaltsa￿ of grants maje to partners P￿e9

Ethiopiaid Trustees. Report Safeguardlng AJI Ethiopiard trustees, employees and volunteews must read. uThJerstsnd ￿ cornmit lo Ethiopiaid's safeguarding pdicy and c¢xle of conduct We expect all staff and trustees of Ethiopravj lo adhere to the highest standards. ertsuring Ihat we do no harm.. act at all b.mes with integrity, accountatm.lity and tsarn8parency. and to work In the best Elhiopiaid's safeguarding FdKies follows best praclre and is drawn from ACFID Codè of Conduct Irecognized as a 'leaderf in this). the Core Humanitarian Starthrd ICHS), ICRC arHJ other bodies. We have robust safeguarding and whisyebl(￿7ng Fdicies in placè and ensure that our Ethiopian partners also have a safeguardirrfj policy in pl￿ that meets a minimum recwnried standard. In additi.on expect t￿M to 8dtyt wr safeguarding tx)h"cy. We have zero lolerance agairtst discriminakn in and ol thE wwkplar8. Th￿ includes any discrirninatson or unfair treatment tU4¥ards cwjr EthioFian l￿ner￿'al1eS aThJ partners, our volunleers, staff and dorKKs. Our duty of (S￿ is Th)t IKnrted to just benef￿larieS, $taff aThJ v(Aunteers, bui also indudes Ch￿dren and vulnerable adults in the commuryties serveil by ¢xJr partners TAtho are dirgrt b8nefiaaries Lwt may be vulnerable to abuse. Structure, Government and Management TY￿ of goveming document The company is a Charilab￿ company. limited by guarantee and ￿lStered as a charity on 8 November 1989. The company was esiabli$hed under a Msmorandum of Associatiw which established the obiects and powers of the chan"table company and is govemed under its Articles of Association. In thè èvent of Ihè cLxy)pany bemg wound up members arè required to contribute an amount not exceeding £1. Trustee sth¢tion m¢thods The Trustees are responsible for the govem8￿ oversbJhl of the charity. arKI have ¢))ntrol of the Charity and ts proFerty and fuThls. Subsequent truslees are appointed by the Twustees. Seleclion is based uFM)n the skills. knowS8dy& or experience wh￿h they can bn'ng lo the charity as wdl as Iheir ￿rsOnal comrnitrnent to the chanvs aims and objectives. The tnjstees also aim to maintain a ba￿nce of empwes of the Reed Family of Companies, and extemal triJ51ees to maintsii the tharitys stron9 links to th& Rged F8mily of Companies. The directors of tAJnwany we also chanty tntslees far the puryjoses of ikn.ty Law and urn1er the companls Art￿eS are kn(A¥n as membw5 of the Management Committee. UrKler the requirements of the frAemoran(kJm arKI Artide5 of Ass(xialion. the minirrKJm number of membets of the Management Committee is six but luniess oihetwse delern)ined by ordinary fesoluknnl thè maxwnum num1￿ of Trnstees that may l* appointed shall be eight. Trustees shall serve a maximum term of three Yea￿ after TfUStee5 can rebre or be voled back on to the Twstee lywd. Page 10

Ethiopiaid Trustees. Report The Trustees hdd at ￿st three meethThJs a year wKJdiThJ an knrwal Gèneral Meetitvj Pollcles and pToce55es lor induelim of trust••s New trustees rneet exiskn.ng trustees, the CEO, emF40stes aThJ othets involved wlh the charity as appropriate. inthciw pack is shared whth w)d(Kles.' . the charitys governing document * thè charitys latest annual report aTrJ accounts . mrnutes of recenl truslee meelin95 . charity commission guIdar￿e The essentiaF trustee.. Tl)at to kn¢￿ {CC3)'. arKI 'The hallmarks of an effedi¥8 tharity ICC10)' . the charitys policy on dealw wilh c4)nllicts of inter . the Chanys stratègic plan . the Chari￿s safeguarding policy code of ¢ornJcl charws Organi&￿10nal structure In 2020 (here were seven membw5 (rf stsff Ih¥o of which were part time) who manage the fundrxisin9 and 8ssociated activiknes for the charity. The team are ITh man8981I by the CEO iep(Kts direcuy to the Board of Trustees thrwgh the Chairpgrson. Elhwiaid Ks a yobal fundraisiro and grant-maknng netwo￿ with separaldy registèred charitiès in Australia, Canada and Ireland. T<¥elher ￿ raise funds from our respectrve Countr￿ to provKle grants dirèctly to loc￿ trusted partners. Our approach to fundraising 15 strategic and allows us to reS[￿j to trends and opportunities in each untry of opèration in a way that is markel appropriate. follow5 best pr#cli¢x and recognyies drffering charity legislation and professional fijndraising cojes. This alknvs us to expand our Part￿ pJrtfolio arKI the geographic roach of our projects in a suslained. predictstAe arKI lasting ￿y. Each office is reS￿nSible for devdwng aThJ imKAernentin9 its (x)unty s￿c￿lC fvndraising plans. and l(uether we focus on ddivering our overarchin9 gkknl strategy {2020-20241 through a unified organisation•wide apFWCh. EthKJpiaid UK works dosely vlith its ￿ster charities in I￿laTh￿. ALt5tralia and Canada to maximi5e global fundrabsing efforts aTrJ lo cojrdinate grant making tts EthK)pian partners. Since May 2020 Elhiopratd UK has overseen the ryeri(Thl and fundrai￿n9 activities of EthN)piaid Ireland. including the line management of its Charity offi￿r by the UK CEO. This alrangement thrill continue in 2021. Ethiopiaid benchmarks irs salary Sta￿ LNng putlished salary benchmarking research for the voluntary sector. This is undertaken every three >Ears to ensure that the ¢harity offers a fair wage Ihat attracts keep5 qualified 8fKI experiefftd slaff to lead. marw8 and support the delivery of the charitls aims. Ethiopiaid's CEO yjppjrts the toard of trustees with benthmawking 39ainst comparative organisatiws in Ihe UK (based an number of staff. income levels. local¢c47 in the UK. activities undertaken. elcl. The trustees are ultimatety respvtsitAe for seltw)g the salgry of the most senior member ol staff. the CEO. Page 11

Ethiopiaid Trustees. Report The CEO, Lisa Cousins. rs responsit4e for ènsuriThJ that Ihe chaiity follows sector legislation and best practices to raise ir￿rne targets: rnanagiThJ the small staff tearn. liaising all partner Organisat￿S irl Eth•¥¥a', and leaduvj on tr mcv)itring arK1 evaluation ¢h•W$ partnwshiis. Relatlonshlp tlth any related wties In 2020 thè charty benefft￿ from donated bU￿nesS SUPKX)rt (Offi￿ space. IT. HR and payrdll from Reed Specialist Recruitment ￿￿Trited. Eth*yiaid was founded ty Sir Ajec Reed CBE in 1989 he sarved as an Ethiopiaid trustee unld 2016. ElhiopiaKI Trustee Aexandra cha￿￿n is a member of tho Re8d Famdy. a sharolv)Ider of tho Reed Farnily Companies and a trustee ofthe Reed FOuThjalb￿. EthioiiaKJ Trustees Nioya Reed and Tessa Reed are boih member5 of the Reed famity. Nicd8 Ree is Ihe spouse, and Tessa Reed ihe daughter. of the ojrrent Chaimian of Reed Specialisl Recruitment. Names of the Trustees Full list of Ethiopiaid's Trustees and their aptKrfntrnent dates-. . Alexandra Chapman, First appointed: 181L19103 Re-appoinknent'.1311(V15 . Alexandra Fenn. First aptxjinted.. 11112107 Rwpprynlment.. 22109117 Edith Prak, First apwnted.. 14110114 . Helen Horn. First apwnled." 18103115 . Michad Norman. First aPp￿￿ted.. 05105111 . Nicola Ree¢J, Fsrst appY)inted.- 14110114 Sally Giimsdale. First app(ynted.' 20101111 . Tessa Reed. First ap￿￿nted .' 29101119 Famlllal Ilnks bgiw••n Tru$lws exandra Chaprnan aTra Nicc4a Reed are sisters-in4aw (Nicola Reed is married to Alexandra's brolh8r James Reed). Tessa Reed is the daughter of Ntha Reed and nie¢e of Abxan¢kn Chapman. Disclosur• ol i•fft•rnMlion to auditor Each trustee has taken sleps that they ought to have taken as a trustee in (wder lo make themselves aware of any relevant aLKIit inforMa￿n and to eslablish that the charity's auditor is aware of Ihat infomialion. The trustees confimi that there is no relevant infomwtion that they know of and of which they know Ihe 8uditor 15 uTr8ware. Small eompani•s provision stat•m•nl This reFKKt has been prepared in arxordance wilh the Sm￿1 companies regime uTrJer th8 Conwnies Act 2006. The annual Vfds apwo￿l by Ihe Iw5tees of the charity on behalf by: 13./o.7/zl aTrJ signed on its A Chapman Trustee Page 12

Ethiopiaid statement of Trustees. Responsibilittros The trustees Iwho are 81s0 Ihe d￿eCtOrS of Ethitipiakl for the purposes of company L4w) are cesponsible for p￿Pa￿￿j the trustees. re￿rt and thè finarwl statements in aC￿rdan￿ with the Uniled KirKJdom Accountsng Slandards (United Kwyj￿n GenernI￿ Attepted Accounling Practice) and aFvlicable law and regulatKns. Company law requires Iwsiees lo p￿pare finanryal slatemenLs for each firtancial year. Under company law the In4Stees must not approve the finanaal ststements unless they are satisfied that they givè a Irtje aThJ lair Mew of Ihe stale of affaifs of Ihe charitable company and of its incoming resources and appllixr￿ of resources. including its income and expenditure, for thal period. In preparing thw financial slatements. ths Intstees aro required to.. Se￿Cl suitable accountiThJ Fdic3es and awy them consistenty. obs8Nè Meth￿j$ and principlès in the Charilies SORP.. make judgemenls and estimates that arè reasonab￿ and wiMl8nl: State whether appli¢able UK Accountyng Slandards have been followed. subject to any material departures disdosed explained in the financial statements", arKI prepa￿ the financial ststements going concern basis unless it is inappmpriate to presume that the chantable company vlill o)ntinue rn txjsiness. Th• trustees are ￿5￿M￿Sible for keeping adequate accDunling reconls that are sUffiC￿t to shth¥ and e¥platn the charitable companls transxtions and disdose wrth ￿8$Onable accurdcy at Èny time the financial position of the charitable company and enabte Ihem to ensure that the financial statements omsAy with Ihe Companies Act 2CN]6. They are a150 responsib￿ for safeguarding the assets of Ihe charitable company arnl Fwce for tak￿￿ reasc*tatAe steps for the weventim and deteclion of fraud and other iryulanties. The Iwstees are fesF<ffisible for Ihe maintenance and integrity of thanty and finanwdl infrKmation included on the ¢haritys wÈbsrte in accordance le9tht￿ in the United Kingdom goveming th8 p￿paration and disseminalion of finan(ial statements. Approved by the trustees ofihe ch• on .. A Chapmon Trustee Pap 13

Ethiopiaid Independent Auditorfs Report to the Members of Ethiopiaid Opinlon We have Hudited Ihg ffinan(iJ statements of Elhic4)iaKI (the 'charty} for the ￿ar ended 31 December 2020. wthtch comprise the Statement of Financial Acmies. Balance SheÈt. Statemènt of Cash Flows, aThJ Notes to thè Financial Statements. i￿l￿dir￿j a summary of sJnificant acDJunling F4)licies. The financial reports'ng fraftEwork that has tn applvj in ttir preparab.on is Unrted Kingd￿ AC￿ntIng Stsndards. comprising Charities SORP- FRS 102 The Fina￿al Reporting Standard applicable in Ihe UK and Republi¢ of Ifplantt and appI￿￿e law {United Kin9Jom Gener￿lY Accepted Accountsng Praclice). In our ￿•nIon the financial slalernents: gNe a true and fair view of thè 5te ol the rhanvs affaits as at 31 December 2020 and of its incoming ￿sOurceS and apFknbon of resources. indyding its in(xffie expendilure, for the year Ihen ended,. have been prcperty prepared in acsmdance with Uniled Kingmkn Generaly Accepted Accojnting Practice-, and have be￿ kyepared in a¢oydance wilh the requirements ofthe Cory>anies Act 21MA. Basis for opini We ¢onducle(I audit in a(￿OnIan￿ with 1ntemats.onal Standa￿s on A￿d￿ng IUKI IISAS {UKII and appI￿￿e law. Our respon9b￿ll1eS under ￿se Standards ￿ further dèscribed in Ihè Auditors responsibilities lor the aLMJit of Ihe financial ststerrents sedM)n of wr rewt- W¢ ale independent of the charbty in accordan￿ wth the eth￿1 requiremenis Ihal are relevanl to our audit of the finantial ststemènts in thè UK. including the FRC'S Ethical Standard. and we hawe fuffilled our olher ethi¢al resportsibtlrties in accordance wih these requirernents. We believe that audrt evWJen￿ we have obtained is sulficient and apFKopriate to provide a bass for our opinion. Conclusions relating to going conurn In auditing the financial stalements. we have conduded ttt the tnjstees use of the going ¢0￿M basis of acwnting in thè Pfeparation of the finanaal statements 6 appropriate. Based on the work we have perf(xmed. we have Th)t Mlentifi&J any material uncertainties ￿1attng to events or ojndilions that. indNidually or ry)IlÈctivèly. may (ast svJnthranl doubt on the charity's a￿lty to Continl￿ as a going corscem for a per￿j of al least hveive monlhs from original finanoal staternent¥ were authorised for issue. Chjr reSpon￿billIteS and the responsibilitie5 of the tr￿￿ee$ ￿$￿t to 90iNJ concern are described in the relevant seclions of this reF#Yt. Othef ithforM￿l0Th The Irusttss are festy)nsible for the other infowmation. The other informalion compnses the information tncludgd rn Ihe annual reith, other than Ihe frnanoal statements and otjr auditor's rep thereon. Ow O￿nIOn on Ihe financial ststements does Th)t cover the other infom)ation and. except to the extent otherwise e￿4￿Y stated ￿ our repo¢ we do Th)1 express any fomi ol assurancg oncbJsK)n thereon. In connection with our audit of the ffinanoal ststèments. our r8sponsikn.lity is to raad the other infomiation and, in doing so, consider whether the other infixrna￿n is fflalerially inconsi51ent with the rinancial statements or our knowledge obtained in the audit or olhewse aFvear5 to be material misststed. If we idenknfy such material incon&stenuès or apparènl material misstatements. we are required to detemine whether there is a material misststernent in ihe fin8ncial statemen15 or a material mi5ststement ol the olher Inforn)at￿n. If. based on ihe work we have perfonned, we conclude that theré ts a m*erial misstatement of this other infom)alion, we are reqUI￿d to report that fact. Wè have nothing to rep￿ in this regard. P&Je 14

Ethiopiaid Independent Audltofs Report to the Members of Ethiopiaid Opinion on other matters preserd by thè Companies Aet 2t1116 In our opinion. based orb the undertaken in ihe course of the audti". the informatiw given in the TnJstees' Report for the financ¢al yew for which the finarKial statem8nts are prepargJ is rA)ngslent financial 5tstements.' an(1 Trustees. Reky)rt hos been wepwed in accordance wilh applThble legal r8quirements. hlatters on whlch w• arn required to report by •xception In the light of our knowledge and understandiTrJ of the company and its envir(￿ment oblained in tho course of the audit, we have Mt Kdeniified matenal misstatements in the Tnjstees. Report. We have nothing to rewt in respect of ihe fomowsng matters where the Cornpanies Act 2006 require5 us to report to you rf. in our ownW￿." adequate ac•))unting records have not been kert or rebjms aduwate lor ryjr audil have not been ceived from branches not ￿5rted by us" or the financial stalements are not in agreerrent with the accounting records and retum5', or certain disck)sures of trustees remuneratrtin specffied ty law are not made: or we have not received all the informal#)n aTrJ explanations we rewire for our al￿1t. Responsibilitles of trustees As explained MO￿ fully in Ihe Statement of Tn￿tee$. ResF¥Mitsthlies (set out on page 131, the trustees are respM)nsible for the preparation of the finan(ial statements and for being sabsfied Ihat they gve a true and lair wew. and lor such intemal contrd as the trustees detemine is necessary to enable Ihe preparation of finanrial 5talemen15 that are free from matenal misstalemenl, whether due to ftaud or error. In preparing the financial slatements. Ihe trL￿Iees are reswnsible for assessin9 the tharity's 8kn.lty 19 contsnue as a gryng concem. dtsdosrwJ. a5 ap￿￿b￿. matters related lo going (oncem and usiThJ the going concem basis ol aCC￿nting unless Ihe trustees mtetxl to IKiuidatÈ thè chanty or to cease operations. or have no realistic attemattve to do so. Auditor's f•sponsibilities forlhg audit of the financial statements Our objec￿Ve$ are lo obtain reasonable assurance atKyJl wheiher the financial stalem8nts as a vtholo are free Irom material mbSStatemenL wfiethw due to fvaud or etroi. and to issuè an audrtorfs rèport that includes OUT opinKin. Reasonable assurance is a hJh level of asswance. bul not a guarantee thal an audit conducted in accordance wrth ISAS {UK) will always detect a material misstatement when ￿ e￿$ts. Misstatemènts can anse from fraud or error and are consKlered rnalerial if, indivkdually or in the aggregate, they oyjld reasonably be exFeCted to influence the e0￿Ornic deas￿S of users taken on th6 basis ofthese financral statements. Irregularilies. indudiTrJ fraud. are inslances of non-C￿￿1ance tpath Lwls and regulat￿S. We design pro￿ureS in line wth our respC￿￿lbilItieS. ouuined above. to detect material misslatements in respect ol irregulants"es. indL4ing fraud. The exient to 7fvthith txjr procedures are capable of detecting Irregularit￿S. inchjding fraud 15 detailed bebw.. Page 15

Ethiopiaid Independent Auditofs Report to the Members of Ethloplald Obtained an undèrstsnrfiFvJ of the natur8 of Ihe industy sector. indudiThJ the legal and regulat(ry framework that the company operates in and how the company 15 comply7ThJ with the legal and regulalory framowork: . Inquired of managemenL al￿ those rjwryed ?￿h governar￿. atxmjt their ￿len1￿C￿t￿n and assessment of the risks or iThegularities. indudiThJ kTr)wn aThJ actu￿. suspected OT aled instances of fraud., . Dls¢usse(1 matters n¢)n-¢ompliance with laws and regulatK)ns and how fraud mNJht occui includir¥J assessment of fvjw and Ithere the financaal Ststerr￿ts may be susceptible lo fraud. However, it is the primary reSF¥Y￿lb11ty of man8gemenL ￿1h the oversight of those Ghar98(J v govemance, to ensure that Ihe entrtls operalions a￿ conducted in accordance with the provisons of gws and regulatiorts and for the preverikn and deteclion of fraud. A furthèr description of our reswnsibilth'es is availatde on the Financkal Reporting Council's website al.. Www.frc.org.ukJauditorsre4￿51b1lrtJe5. This dewption form5 P3rt of our auditofs re￿rt. U$e ot our réport This r8port is madè sdety lo Ihe tharilabk companvs trustees. as a bcrffy. in ￿0)rdarTh Chapter 3 of Part 16 of the Companies Acl 2006. (Xjr audrt work has Lwi undertaken so that we might state to the charity's trustees t￿)se matters vP are required to state lo them in an auditorfs report and for no other purpose. To the fvljest extent pgmitted tty law. we do not accept or assume responSi￿lity to ansrjne other than Ihe charrtable C￿nPanY aTrJ ts trustees as a tKMJy. lor our audrt work. for kX)rt, or fr*the opinions we have formed. lan Llw Isenior Slatutory Auditor} For and on behalf of Mi15t8d Lanydon LLP Chartered Accc¥Jntsnts and Statutw Auditor 4 Queen Str¢gt Bath BAI 1HE Pa9& 16

Ethiopiaid Statement of Financial Aclivities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and SLement of Total Recognised Gains and Losses) Total 2020 Total 2019 Unrestricted Restrlcted Note Incom• and Endowmènts from: Oonations and legacies Invèstment inu)me 2.230.417 3,017 328.146 2,558.563 3.017 2,567,853 13,193 Tolal incom• 2.233.434 328.146 2,561,580 2,581.046 Expenditur• on: Raising funds Charitable ￿ti￿tIeS {256.3511 785.517 1256,351) 2,603,297 1332,3401 2,351.554 1.817,780 Totsl exptrnditure Nel incomel{expendilurel Transfers between lunds 1.041.868 1.817.780 2.859.648 2.683.894 1.191.566 1.572,735 11.489.634) 1.572.735 1298,Cfj81 1102,8481 Net movement in luThJs 1381.1691 83.101 (298,0681 1102.848) Reconciliation of lunds Totsl lurKls Lwht fward Total funds (2rri8d fThanl 2.683.144 2.683,144 2,785.992 17 2.301.975 83.101 2.385.076 2,683.144 All of Ihe charity's acliwties derive from conlinuing owdtiryts durrvJ ￿ aL)ve periods. The funds breakdown for 2019 is shown in note 17 (m page 32. The r¥)tes on pages 20 to 36 fomi an inlegral p*1 of Ih8se finan¢tal statementg. Page 17

Ethiopiaid (Registratlon number: 02435882> Balance Sheet as at 31 December 2020 2020 2019 Fix•d assets Tangible assets 13 6.097 Current assets Debtors Cash at bank and in haTrJ 14 216,452 2,493,994 2.710,446 331.467> 74.970 2,630.724 2.705.694 Cr•dltoYs: Amounts falling du• TithiD on• year Ne¢ curr•nt assets 15 22,550 2.378,979 2,683.144 Nel ass•ts 2,385.076 2.683.144 Fund$ ofthe thaiity: Restricted incom¢ fvnds Restricted funds 83.101 Unrestrfcted incomè funds Unrestricted fLnds 2.301.975 2.683.144 Total funds 17 2.385.076 2,683.144 Thè finanGFal stateffnts on pages 17 to 36 We￿ apWOv￿J by ts trustees. and authorised for Issue on 131o.3.IX.bnd signed on Iheir beh￿ff ty. A Chapman Twstoe The notes on paJes 20 to 36 f￿Tn an intwal part of these financial sLthments. Page 18

Ethiopiald Statement of Cash Flovts for the Year Ended 31 December 2020 2020 2019 C•$h flows from ¢)p•ratlng actlvllles N8t ¢ash 0Xpe￿re (298.068) {102.848) Depreciab'on Investment income 2.033 3.017 13,193 1299.0521 1116.0411 Worklng rapital adjuslm•nts (l￿re8$ey￿ecrease in debtors IT￿rease1(deC￿easél in ￿editorS 14 15 {14t.4821 308.917 109.198 249.831 Net cash Ikiws trom ¢¥erab'ng acbvttse5 131.617 256.674 Cash flows Irom investing aCti¥¢iies InterFst ￿cerVable aThJ simdar income Purch8sa of tangib￿ fixed asseis 3.017 8.130 13,193 13 N•t cash fl¢)•ts frcrfn invesliry adivt Net do¢rease in cash cash equivaents 5.113 13.193 {136.7301 2.630.724 {243.4811 2.874.205 Cash and cash equlv￿ents at 1 Cash and cash equivalents at 31 De¢tmbEr 2.493.994 2,630.724 of the cash fflth¥s are derbved frcrfn o)nknuiry operaknn5 dufirq the above pertods. The notes on page5 20 to 36 fom an intwal part ofthese finanaal stsIen￿t$. Page 19

Ethiopiaid Notes to the Flnancial SLements for the Year Ended 31 December 2020 1 Charlty status The charity is limrted by guarantee. in ErMJland aTrJ Waks. and consequenlly does not havè share ￿pItal. The address of its register&Y office rs.. 3rd Fl(x>r Upper 8orc4Jgh Court Upper Bofough w￿1$ Balh BA1 1RG 2 Accounting policiès Summary of signif￿ant ￿0￿ntIng policies and key arxounling estim•tes The prinapal accounti￿ polrues awlied in the preparati￿ of these finanoal statements are set out below. These Oicies have been ￿nSisten￿Y appl￿d lo all ts years presented, unless otherwise stated. Stat¢m¢nt of conylianc• The ststements have bew kKep8red lli a¢cordan( wlh Aco)unting a￿1 Reporting by Charities.. Slatement ol Recommended Practice awicable to charrties preparing their accounts in accordance with the Finanoal Repo￿n9 Standard awicable in the UK arKI Republ￿ of I￿land IFRS 1021 (effective 1 January 20191- (Charit￿$ SORP IFRS 102}). the Financ4al ReF*ybng Standard applicable in ihe UK and Repubknc of Ireland IFRS 102). They ￿s0 comply wth the Companies Act 2006 and Ch8fi"Des Act 2011. Basls (rf preparntlon EthiowaKI meets the deffinit•￿ cl a public benefil ￿lIty under FRS 102. A$5ets and liabilities are niknally recognised at hist(￿￿￿ cnst or transaclion unless Othep1￿ slated in the re￿an1 acGounbng policy notes. Going concem The trustees c￿sider that there are ￿ material urKertainlie5 at#￿1 the charit<s abth'ty to conlinue as a going concem nor •)y sigThficant areas of uncertainty Ihat affect the Ca￿n9 value of assets held by the tharity. Incom¢ and •ndovmi•nts Al income is ￿cOgnised On￿ the chwity has W￿￿ement to ihe it is probablg that the Incomo will bè r￿1ved and th8 amr￿nt of Ihg incom& recèivablè ian ￿ measured rpliabty. Paje 20

Ethiopiaid Notes to the Financial SLitements for the Year Ended 31 December 2020 Donations and legacies Donations ace recognised when charity has been I￿tified in vnibng of both the amount and se￿eMent date. In Ihe Èvènt that a donation is subj'ect to co￿1rt￿n$ that requi￿ a level of perfom)ance by the charity before the dharty is enlrfled to the funds, the income is deferred and not recognised unkn"l eilher those Cond￿onS are fully meL or the lulfilmenl of those rnnditions is wholly within the contrc4 of the chanty and it is probatAe that these condittorts be fu￿lled in the reporting period. Legacy gifts are recognisad on a case by case basis fojlwng thè grant of piobatè when the administratorlexecutOT for the estste ha% ￿)mmun￿led in writing ￿1h the amounl and setllerrwt datè. In thè èvent that the gift is in Ihe form of an asset other than cash or a finanaal assel traded on a recognised stoc exchange. recognrtron k% subject to the value of the gffl being reliably mÈ8surat4e with a degree of reasonable acoJracy and the trtle lo the asset having tEen transferred to the charity. Gifts in kind In kind support has been rec(￿nISed al the c(mn￿ra81 value of giftslservices receNed, less Ihe amount paid by the Charity. t10nati￿S in kind are reccJnised when the recèipt of the benefft is probable and the eccmmK benefft measured ￿l￿ab￿. ￿Ing ihe amcwnt ihe cl￿nIS would have beèn wlling lo pay for tho services or fwilities received. A ryJrrewndw)g amtyJnt is recognised in expenditurè in thè ￿nIx1 of receipts. Investment income Inte￿$1 on funds hehl on deposit is induded kn receivabk afKI the amounl can be measured reliably by Ihe tharily. this is rbymalty UFrf)n nolffj￿n d the interest pakd or pa￿e by the bank. Volunleer time No amount indLthd in the f￿an(JaI statements tor vcJnleer tino in li)e the Charity SORP (FRS 1021. Expendilurè All expenditu￿ ts Tecognised once the￿ 15 a legal or tA>n5truth <AATrgation to that expendibjre, rd is probable setuèment is iequired and the amount can be measured reliably. All ￿$ts are 8lk)cated to the applicable expendilure headin9 Ihal aggregat8 similar costs to that category. Where costs cannot bè dirÈcty attn"buted to particular headiros they have been allcAted on a basis ¢onsistent the use of resources. wth ¢entral staff Costs allocated on the basis of time spenl, and depreciation harg8s allocated on Ihe of the asset's use. Olher SUP&MyI costs are allocated based C￿ the spread of staff costs. Raising fiinds These a￿ costs incurred in attracting vdunlary income. the management of investrnents and those incLtrrred in trading actmties that rdisè furM1s. Charltabl• acllvities Charitable ev￿nditU￿ comprises those costs If￿rred by the charity in the delNery of its actNities and s8ThiC8s for ils beneficiaries. It indudes bolh costs that can be allocateil ¢J1￿CtIY to such adrviti8s and those Costs of an irnl*ect nature necessary to support them. Grantprovisions Provisions for grants a￿ made when the inlention to make a grant has been communicaled to the recipient but there is uncertainty atLwJt either Ihe timing of the grant or the am¢xJnt of grnnt payable. Page 21

Ethiopiaid Notes to the Financial Staternents for the Year Ended 31 December 2020 Support costs SUp￿rt costs indude central fvnth.ons and have been all[￿aled to acbvty cost (3tsgories on a basis consistent with the use of resources. for example, alocating property costs by fk)or eas. or per capila. stsff c￿sts by the lime spent arKI otsr costs by thwr usage. Gov•manee costs These rnclude the costs attribulatle to the taWs cc•mpliance ￿th constilutional and statutory requ1￿ments. Inclthying auth( strategic rnanwenl and iru51ees'5 rneebngs and re¥nburse(I expenses. Taxation The chanty is ccffjsidered to P8SS the tests sel ¢xrt ￿ Paragraph 1 Sthedule 6 of the Finan￿ Act 2010 and Iherefore it meets the definition of a Charitab￿ company for UK corporation tax purposes. Accordingly, the charity 15 Wtenb.aI￿ exempt from taxation in respe¢t ol income or capital gains received wthin catewries covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 25fj of the Taxation of Chargeable Gains Act 1992. to the extent that such ir￿￿ne or gans are applied exdusively to charifable purr4)ses. TaNJlblg fix•d a$$¢ts Individual fix￿ asseis costing £40 or more a￿ initialty recorded at cos( less any subsequent accumulated deweciation aThY subseqtlent &cumulated impaimnt losses. DÈweeiation and amortisatoon Dep￿Cla￿DD ts FxOv￿ed on tarwJible fixed assets so as 10 7rite off the cost or v8lualion, less any estimated residual value. over expected useful economic IFfe as folbjws.. Ass¢t class Office equipment Depreciation method and rate 25% reduarvJ balan Debtors are recognised initially al the transaclion pIire. They are subsequènlly measure¢J at amortisèd cosl ustry thè effeclive interest method. less pro¥iwi for impairment. A provision for the impairment of debtors is esta￿lshe￿ when I1￿re is obiecb.ve evKJen¢e that the ctsrity will not be able to collect all amounts according to the lerms of ￿ receivables. Cash and ush eqUl¥a￿nts Cash and rash equwalents Com￿lSe cash on hand and calf deposils. and other short-term highly IM]uid inveslrn￿ts that are readily convertible to a krwn amc45nt of cash and are subiect to an insgiNfi(*nt of change in value. Page 22

Ethiopiaid Notes to the Flnancial SLitements for the Year Ended 31 December 2020 Creditors Credrtots are oblbJatM)rn8 to pay for g01ts or ser¥ices that have been acquired in the c¥dinary course of business from supF4iers. Accounls payable are clissifjed as cuThent liabilitie5 rf the chafrty does not have an uncondib.onal nght. at the eThJ of the reFth"ThJ ￿riod. lo defei settlement of the creditor for at least months after the repNling dale. If there is an vnconditi(MMI righl lo defer settlement for at least twelve months after the rew1ing date, Ihey are p￿nted as rKTrcurTent liablilies. Creditors are recognised inilially at the trdnsaclhjn ￿]ce and subsequentty measured * arncrtised cost usiTrJ the eff￿￿.¥¢ int•rest mèthod. Fund structurn Unre51ricted income fur￿ are gereral funds Ilwt are availab￿ f¢Y usè at the trustg95'$ discretion w) furtherance of the obieclives of the charty. Designalgd funds are unrestsicaed funds set asKle for speufic purposes al the discretion of the trustees. Restricted income fvnds are those donaknj for use in a area or for specific purposes. the use of whith 15 restrict8d to Ihat area or purpose. P•nsions and other post r•t•r•m•nt obligattons Thè charity operates a deffined ￿￿1n"bU￿"Ofi pengon scheme which is a pension plan under which fixed contributtrms are P8KI inlo a penston and the charity has rK) al or ¢onstru¢tive obligation lo pay fijrther contributions even if the fund does not hold sufficient assets to pay all empkjyees ihe benefrts relaty.ng lo emptye service in Ihe wrreni and prTr(x pEriod$. Contribulions to defined contribuil￿ plans are recconised" tn the Ststement of FinarKial Act1w￿S when they are due. If contribution payments exceed the wntrbbution ¢Jue for se*vi¢e. the excess is recognised as a wepayment Financial instruments Classiftation . Financial assets and fjnanoal liat41￿eS are rwised when the charity becomes a party to the ¢ontraGlual tKowsrons of the inslwment. Financial lia￿lItieS and equity instrumertts are daSsIf￿ accordiro to the substance of the C￿ntraCtUal arrangèmènts entered into. An equity inslrumenl is any contract that eMdences a residual interesl in tre assets of the chanty after dell￿D"n9 all of rts IthIrtP5. Page 23

Ethiopiaid Noles to the Financial Statements for the Year Ended 31 December 2020 Reeo9nitit)n and m•asurnmenl AJI financial assets lithlities are inilially measured at transaction price linclLtding transaction costs). except for Ih05e finanual assets classrfftd as at farr valuè thrcwh profft or loss, ￿lch are inib'alty measured at fair value is [￿MallY Ihe transactIL￿ pri¢0 èxdudiThJ transacts'on costsl, unless the arrangement constitutes a financing transaction. If an arrangemenl consblute5 8 financing ' transaction. Ihe finan(ial asset or financial Ihability is measured at the present value of Ihe future Payments disojunted at a market rate of ￿terest for a gmlar Ikbt instrurnenl. Financial assets arJ liab'lTbèS are olty offset in the statèmènt of financAal position when. aThJ (￿lY when there exists a legally enfowreaNe right to set off the re(XNJnised amounts an¢J tharty intends eilher to setlle on a net basis, or trj realise the asset and selue ts liatslity simullaneously. Financial assels are derecoJnised when and onty when al th8 contraclual nghts lo the cash flows Irom Ihè finanaal a$￿t expl￿ or are setued, b} the charity trarBfers io another party substsntially all of the risks and rewards of ownership of the finan¢kg1 asset, ￿ cl the charity. des￿te haviThJ retained some, but nol all. sKJnifKant iisks arKJ rewds of tr•mwthip. h&$ tsansferred contrd of thè asset to an)ther party. Financial liabilities are derwnised onty when the rtAiyatK)n sWÈd in the contract is discharged, cancelled or eypires. Pay 24

Ethiopiaid Notes to the Financlal SLitements for the Year Ended 31 December 2020 3 Income from donations nd legacles Total 2020 Tolal 2019 Donations and tegacies., Legacies t)onations Gift aid redaimed Gifts in kind 278.486 1.664.993 257.938 29,(KJO 68.878 259268 347.364 1.924,261 257.938 29.C(ID 238,778 2,060,951 239,124 29,000 2.230.417 328,146 2.558,563 2,567.853 Income from donat￿nS and legaues was £2.558,563 (2019.. £2.567.853) rA whK £2,230.417 was unr85triGtod12019: £2.322,230) £328.146 was restricled12019: £245.6231. 4 InvestM￿tt income fvnds Gen•ral Total 2020 Total 2019 Interest receivab￿ an(1 similar income: Interest receivable on ba￿ de￿￿•ts Other investment income 2.924 93 2.924 93 12.959 234 3.017 3,017 13,193 Income from investments was £3.017 12019: £13.1931 of whth £3.017 was unfeslr4Cted 12019: £73.1931. 5 Exp9ndi￿rn on Taising funds Total 2020 Totttl 2019 Direct costs Costs ol generaling donati(￿ and legacies Other costs of geneth.ng funds 246.223 10,128 246.223 10.128 317.852 14,488 256,351 256,351 332.340 Expenditure raising funds was £256.351 12019: £332.340) of £256.351 was unreslricted 12019: £332.3401. Page 25

Ethloplaid Notes to the Financial Statements for the Year Ended 31 December 2020 6 EX￿ndIt￿re on eharllable activitles Unrestr•cted Total 2020 Total 2019 Grant ftjnding of activitses Staff CA)Sts localed support costs Governan￿ costs 465.724 216,782 1.817.780 2.283.$04 216.782 2,027,955 155,869 93.5CKJ 9.511 93,5CKt 9.511 161.250 785.S17 1.817.780 2.603.297 2.351,554 Expenditure charitable activitses was £2.603.297 12019.. £2.351.5541 of whth £785.517 was uniestricted12019.' £1.013.7561 and £1.817.780 was restncted12019: £1.337.7981. P￿$ 26

Ethiopiald Notes to the Financial SLements for the Year Ended 31 December 2020 7 Analysi$ of go¥•man¢• and support costs Support costs all(K•tsd to ch•rlt•bk a¢llvities Admini Flnance costs Total 2020 Total 2019 costs Costs Staff devetopment Insurance Office expertses Online Donati Processing Sundry expenses Advertising Consultancy f88s Managemenl fees Bank charges Legal and professional tirecialion Photography Processir¥J fee Mafkeling plalform 1.481 1,481 4.972 45.131 2,708 4.928 81,972 4.972 45.131 1.622 1.622 2.148 1.322 887 4.019 6.923 2.148 1(M) 1C() 2.561 42,879 5.050 2.￿1 5.365 2.033 3.718 13.202 5.365 2.033 3.718 13202 10,$62 1,338 1,338 2.561 1.581 1.622 87.736 93.500 161.250 Governance costs Unrestricted Total 2020 Total 2019 Genernl Other non-audit semces Audstors remuneration 2.700 3,780 5,563 5,563 9,511 9.511 6,480 Page 27

Ethiopiaid Notes to the Financial S&gtements for the Year Ended 31 December 2020 8 Grantamaking Anètysis of grants Grants to inslitutlons 2020 2019 Analy515 Ethiopia Partmer SUp￿rt 2,283.504 2.027,955 The support costs associated with grant-Mak￿¥3 arp £323.W {31 December 2019 - £317.5821. Below a￿ details of material gwts m to insbtubor 2020 2019 Name of institirtion Afar Pastoralist Dèvèlopment Assouab"on IAPDA} Associat¢on of Wom8n's S¥thary nd Development IAWSADI Cheshire SeNices EthI￿¥a Cheshire LNell￿)0as Prcyecl Facing Africa (Nomal Support for Children. Women and Older People {SCWOP) Ethiopiaid Australia EthK)piavJ Canad Hope EnleTpnses Hope University College Women and He8Wh All￿￿ International IWAHA) Healin9 Hands of Joy Hospice EthioFia Aisha Charity A$S￿rat￿ National Podocmi05is and Integrated Devekyment OrganisatM)n Action for Social Devebpmenl Sosena Lemma Capacity BuldirKJ Consultant Dignity Period Di9nity Period- Expansion into the Afar reg￿n EECMY Nekemte Deaf Scc(4 Hamlin Fistula Hospital sENEth￿￿? 320.L 54.500 246.838 540,016 103.133 297,000 85.600 34.220 210.700 44.8 43.OLTh) 250,(th) 75.C 134.200 75,000 86,072 250.000 30.CKN) 100,000 50.000 50.000 5,000 15,000 15.000 6.003 87,698 10225 256.000 20,000 100,000 12,000 50,000 110,0751 Pagg 28

Ethiopiaid Notes to Ihe Financial Statements for the Year Ended 31 December 2020 SENTigray Simien Mountains Mobile Medical SeNic¢ Elhiop¢an Education FourKJalti Bees for Devekjpment Trust Hospice Etruopia UK Project Harar Ethiopia woma￿[1nd Worfdw¢de The BVJ GNe Christmas ChaifeThJe Admin Povertyswap ￿Mited liance for Better Life Ass(x?atK)n IABLA) 15.(kn) 70.141 s5.￿0 15,(XlO 12,OtK) 20,OIX) 3,750 25,000 10.000 25.000 86.600 3,638 2.000 15.1 Cheshire FtxJndalM)n AclK)n for Indusion Child Oevelopment Training and Research Cerhtre (COTRCI Guidance welfa￿ Development Association IGWDA) Midw¢ves on the Move Mothers and Children Develcynent Organisation Pro DeveloF¥nent Nefv￿rk Promotional Semce Development Studto Samuel F(xJtMlalk)n Hope of Ligtit 7.000 13,OlJO 19.000 16.ory) 15.000 17.000 17,C((J 2.4￿) 100.000 2,283.504 2,027,955 Ref￿￿ from sENE￿la of £10,075 ￿presents a relum of un¥ent grant ML￿￿. PaJe 29

Ethiopiaid Notes to the Financial Statements for the Year Ended 31 December 2020 9 N•t Incomlftgloutyolng resources Net outgoing resources for the year Ir￿j￿￿e.. 2020 2019 Audjt fee$ Other non-audit services D8prF￿ati0n of fixed awts 5,563 3,780 2.700 2.033 10 Tru5toes remuntation and expenses Ourin9 thè ￿ar the CW made Ihe fr4bw"r¥J transact￿ with trustees: HHOM £Nil12019'. £1751 of expènses were r￿ryA￿Sed to H trkyn durwvJ the year. No trustees. nor any perSOr￿ comecled wilh them. have any remuneration from the charity during the year. 11 Staff costs The aggreg8te payrdl (x)sts were as folk￿. 2020 2019 Staff costs durfng the yèarwere: Wages and salarres Soa"Èl security rAJsts Pension cos15 190,767 19.025 141.263 11,879 2.727 216.782 155.869 The avw•Je number of pets￿s (w¥*JJng serwor m8nagement team) emplo￿ by the chaity during the year was as fdl(hVS: 2020 No 2019 N¢ Support staff No emplojpe recei¥ed ernduments of nNxe th￿ £60.IK)O durirg the Far. The ttstsl employee benefrts of the key management pe￿Onnel of the thèrity were £53.41612019 - £Nill. In 2019 key manwJ8ment were se(x)nded to the d)anty and wwe remunerated by a third paty. The charity paid a management charge for the services received and therefore no key mana9emenl ramu￿allon ¥Yas provided by ihe charrty rtself. 12 Taxati¢)n The charity is a regislered and is therefore exemptfrom taxakn.

Ethiopiaid Notes to the Financial Statements for the Year Ended 31 December 2020 13 Tangible fixed assets Furniture •nd equipment Total C05t Addit￿$ 8.130 8,130 At 31 De(*mber 2020 8.130 8,130 D•pr•eiation Charge for At 31 December 2020 2.033 2.033 2,033 2.033 N•t book value At 31 De¢embef 2020 6.097 6,097 14 Oebtors 2020 2019 Gift ak1 PrepayThents Legaci•s 50.471 2.314 163.667 45.435 2,910 26,625 216.452 74.970 15 Cr•dllors'. amounts fallin9 thi• wlthln onè yw 2020 2019 Trade cre(litors Other taxation and social se¢urity Pledged dcmaii￿s Accruals 313,851 3.601 6.242 3.211 6.017 7,080 7.735 331,467 22,550 16 Penslon and other schem•s D•fin•d tontribulion ￿n$1(￿ sth•m• The chanty operate5 a defined c(￿lTi￿￿tI)n pension scthemè. The perksion CO￿ charge for the year represents conth"bulions payable by ts (tsiity to ts Se￿18 and anounted to £6.￿ 12019 - £2,727). Page 31

Ethiopiaid Notes to the Financial SL*ements for the Year Ended 31 December 2020 17 Funds Balance at 31 Decembèr 2020 8alanc• at 1 January InryMTring Resources 2020 resources expended Transfers Unr•stricl•d funds General General Fund Capaoty Funds 2.633.144 2.233.434 {1.041,868) 11.572.735) 2.251.975 50.000 2.683,144 2.233.434 11.041.868 1,572.735 Restricted funds Noma and Facial Di$f￿Urernent Dignty Per￿￿ Project Hamlin Fistula H05Wtal cheshi￿ Servi Association for Women's Sanctuary and Devdopment Support for Women. Child￿n and Crfder People Hope Enterprise5 Special Educational Needs Tigray Afar Pastoralist Oevek)pment Associalion Hosp¢ce Ethiopia Hopè Univerrity College Healing Hands of Joy Totsl restriettd funds 25 12.287 91.039 250 39,975 40.OC() 2.062 41.039 110.225) 150.(WI (540.0161 539.766 128.￿) (246.839) 118,039 9.1fy) 1,160 1210.7Th)1 1250.LWJ) 201,6 248.840 125 (15.OtN)} 14.875 51.705 (320.(¥YJ) 20.050 (50,INJO) 25 175.tK)01 74,975 13.580 ￿ 36,420 1.817.780 328.146 ￿ 1,572.735 8,295 83,101 Totsl fund$ 2.683.144 2.561.580 2.859.648 2.385.076 Pa9e 32

Ethiopiaid Notes to the Financlal Statements for the Year Ended 31 December 2020 Balance at 31 Balance at 1 January 2019 Incomrn9 Resources resources expended Transf• 2019 Unr•stricted funds General General Fund Capacty Building FuThJs OMO Chil(5 2.275.992 2.33S.423 1886.096) {1.092.175) 2.633.144 1450,LKKI) 50.000 lo,￿￿1 10.000 2.785.992 2.335.423 2.683,144 1.346,096 1,092.175 Restricted Noma and Facral Disfigurement Hamlin FistuLa Hospital Chèshiiè Services AssoThat*)n for Women Sanctuary and Development Support for WThnen. Children and Older People Special Educaltonal Needs Tigray Afar Pastoralist DevelopKnenl Associal AISHA SENElhK)pia tlignity Period Hope Enterprises Hospice Ethiopia 75 36.153 3.477 {34,220} (105.2531 (112.￿) 34.145 69.100 109.123 52.532 {103.133) 50.601 14.480 1137,253) 122.773 (70.1411 39,341 (54,5001 15.LX)01 (12.(XK)I {343.698} I310,￿0) 915 12.0(X) 300.876 3(K),004 48.297 42.822 Total r•strlcted funds 1,337,798 245.623 ￿ 1.092.175 Total funds 2.785,992 2.581.046 2,6&1.894 2.683.144

Ethiopiaid Notes to the Financial Statements for the Year Ended 31 December 2020 The specific pury)oses forwlich the knds are to be app￿ed are as foifows.. Noma and Facial Disfigurement To cover the aco)mnKxlation costs In￿rred by Cheshire SwK$ Rehabilitsti(fft Centr• for pati8nts and carers reThrin9 from complex suryJeries undertaken by ￿ chaiity Facing Afrti. Hamlln Flstula Hospitsl To fund obsletrK fistula surgerigs. rehabi11tstb￿ and mpJtyfery trainry. Cheshire Ser¥ices To fund the costs of programmes for childr8n and Y(￿ng Fwplg I￿1r￿￿ wilh disabiliti￿ and the scaling up ofwheekhair ￿JuctIon at Cheshire's Menage5ha RehabibtstK)n Centro. Assoclatlon for W¢)fflen'$ Sanctuary and D•volopment To fvnd the runnin9 costs of thè organisat)n's sale h(￿se aThJ geTrJer based violence prevenliDn programmes in Addis Ababa. Support for Women. Children and Old•r Peopl To fttnd monthly welfare PenS￿S for over 1.071 deslilute elders aThJ 100 orphard vulneratle chiklren. SpKial Educatlonal Needs Ethiopia (previously SENTigrny} To fund hK• new staff p%)sts to supwrt visuaUy impaired thi[d￿n at the Mekele Blirvj SchryJ. Tigray. and visually impaired teertagefs living ThIe￿llY in the ctNThThunity. Afar Pastoralist D•v•lopm•nt Association To fund female genitsl mutblabcfft preventicffi [￿3ramme$ In Communrties in the Afar region of Elhiopia. RestrKted f￿￿$ w•e also raised for emergency ￿lEf support delivered by APDA. Dignity Period To fund the expan5)n ofa scths rnenstrual h￿ne in Ihe Afar and fvJray region5 Hope Enterprises To fvnd Ihe tethnical vcrtatityW trainiw pro9rammes dek¥er8d by HO￿ Enlerprise5 arKI associated core costs. Hospie• Ethiopia To hjnd thè delivery and expanson of a communty based pallsatwe care pn)3rarnTh￿ in Addis AbBb8. Bahirdar and Hawassa. Hope University College To fund sludents lo ena￿e I￿1 to rAinue their sknlies. Healing Hands of Joy To fund the traniNJ of ftstula palients to become safe mothethocJ amba￿3*Y¢￿$. The transfers bewn lunds are to (rnr r¢sour¢es expended in excess ot incoming resources within the restrict￿ funds. These alhxations have been made frryn General FU￿1.

Ethiopiaid Notes to the Financial Statements for the Year Ended 31 December 2020 18 An$i$ of net as¥¢ts ltween fvnds T¢)tal funds t31 Deeember 2020 General Designated R•strlet•d TangitrAe ffixed a￿ts Currenl assets Current lia￿lI￿eS 6,097 2.577.345 331.467 6.097 2.710.446 331.467 83.101 Totsl ￿ assets 2.251.975 83,101 2.385,076 Totsl fvnds at31 D•c•mb•r 2019 Unrgstrlcted funds G•ne¢al Designated Current asset$ Curr8nt liaLMlib"gs 2.655.694 122.550 2.633.144 50.000 2.705.694 22.550 rotsl net assets 50,000 2.683.144 19 Analysis of net funds At31 December 2020 1 January Financing Cash * bank an¢J in harKI 2.630.724 136.730 2,493,994 Net fvnds 136.730 2.630,724 ￿ 2,493.994 At31 At 1 Jwu•ry December 2019 2019 Financing cash flot Cash al bank and in hand 243.481 2.630.724 Nel funds 2.874.205 243.481 2.630.724 Paje 35

Ethiopiaid Notes to the Financial Statements for the Year Ended 31 December 2020 20 R•l4tgd party transaetion$ During th¢ year the chority made Ihe ￿lated party transad4t)ns: R¢ed Specialist Recruitment Limit•d Grfts in wère r￿1ved for thè ust of Reed Specialist Recruilmenl Limit•d Offi￿ space 8nd other fund fdising costs. totalling £29.000 (2019." £29,000). This transaction has occurred on an arm's length basis. Reed Specialist Recruitment knmited provKle5 payToII ser¥ice5 for Ethwiaid for free. No value can b8 deterniined for the proyision of this service as Reed Speu'alist Recruitment Limited does not charge third party companies as a pa￿￿1 iKJreau. At the sheet date the amount due tofftom Reed Specialist Re¢ruitment Limited was £Nil12019- £Nd). A Chapman (a trustee) A Ch8pman made donatK)ns of £14512019.. £3.1201 lo Eihwaid durirKJ the year At the balance sheet dale the amount due toJfrc¥n A Chapman (a trustee) was £Nil12019- £Nill. E Prak la trustee) E Prak made ￿allOnS of £24012019: £2401 to Eth￿paid during the yeaf At Ihe balance sheet date the amount due to11r￿n E Prak la trustee) wa5 £Nil {2019- £Nil). H rtorn la truste•l During the year H Horn W reimtwrsed Iravel expens¢s amountirKJ to £Nil12019.. £17S1. At the balan￿ sheet date the amount due tofftom H Hom la trustee) was £Nil12019- £Nil). Ethiopiaid Australia The Chairperson. Alexandra Chapman. is a tntstee of Ethiopiaid Australia Donats'ons to EthioptaKI Australia of £44.8￿ 12019: £75.IXIOI were paid during the ￿. At the balance sheet date the amount due tolfrom ElhJpwd Austratsa was £Nil12019- £N￿l. Ethlopiaid Canada The Chairy)ersM. Alexandra Chapman. Is 8 Irustee of Ethwiaid Canada DOnat￿nS to Eth)piaJ Canada of £43.00012019.' £91.0(Kl) We￿ pa#1 thJrirnJ Ihe ywf. Al the b81ance shegt date the amount due tdfrtyn Elh￿pha￿l Canats was £Nil12019- £Nill. Ethloplaid Ir•land Th8 Chairperson. AlexarKlra Chapwn. ks a trusiee of EthKJpiaKI Ireland Donations to ElhiopIa￿ Ireland of £Nil 12019.. £Nill were P3KI during the ￿r. At the balance sheet dale tt)è amount olue tollrom ElhI0p￿id Ireland was £Nil {2019 - £Nill. 21 Non4djusting events after the financial perl¢)d The effects of thè worktside Cowd.19 pandn￿ tr￿an lrnpaets"￿ the UK from March 2020. This has resulted in a signfficant shut-down of both social and ecor￿MiC actiwty here and in m8ny other countiies around the globe. Thts is an unprecedenled evenl and rt is imwssible to deterrnine what the likely future impact will be ￿ thè (￿npany, the local and nalional economy or indeed. Ihè wider gbbal economy. The cri&s gives rise to uncertainty in rdth.on trj the future acb'vity which may impact futu￿ company ath"vilJes. Lwt no adjLtsltrw15 are required in respecl of the companls resutts to 31 Decomber 2020.