REGISTERED COMPANY NUMBER: 06451416 (England and Wales)

REGISTERED CHARITY NUMBER: 1124500

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Education for All Morocco Limited

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

15

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The objectives of the charity as set out in the Memorandum & Articles are 'To raise funds to help finance NGOs to provide education and accommodation and other services for children to attend educational establishments in Morocco.'

EFAM achieves this by raising funds for partner NGOs based in Morocco who operate boarding houses and other organisations supporting the education of marginalised girls. The charity has focused on girls as they are disproportionately affected by the lack of access to education, resulting in child marriages, sexual exploitation, and a low ability to participate in the labour force (19.7% cf. 68.7% for men). [Source: World Bank, 2023]. Providing access to education tackles this perpetual cycle of inter-generational poverty, which enables girls to enter the job market and become productive members of the workforce.

Since 2007, the trustees and management of EFAM have gained extensive experience and significant knowledge of Morocco and how to operate NGOs there. We have forged strong relationships with relevant institutions such as the United Nations in Rabat, UNICEF, connections to Moroccan royalty and government, and other related NGOs. Extensive due diligence based on UK Charity Commission guidance is performed on all organisations with whom EFAM collaborates. Once a partnership agreement is signed, our oversight continues throughout the period of collaboration, and EFAM provides not only funding but also global marketing reach and other operational support.

At the end of 31.12.24 EFAM were supporting a total of 362 girls in Morocco through their cooperation with three partner NGOs:

Local NGO partner 1: Association Education for All Association (AEFA) set up and run girls' boarding houses located near to secondary schools.

Girls aged 12-18 living in the remote villages of the High Atlas Mountains in Morocco have limited access to secondary schools. Poor roads, lack of transport and poverty mean that the girls are unable to access the schools in the faraway towns. The girls board in AEFA's houses during the week, where they are supported by House Mothers and volunteers. At the weekends they are transported back to their home villages to stay with their families. The houses provide a supportive, homely atmosphere with three nutritious meals a day, clean beds, and hot showers. The girls do their homework and receive study and language support from staff and volunteers in the well-resourced study rooms. The houses are extremely successful with girls thriving in a happy and supportive environment. They go on to achieve good grades, places at university and high-quality jobs.

More information on AEFA can be found at https://www.efamorocco.org/our-projects/association-education-for-all

Local NGO partner 2: Association pour la Scolarisation de la Jeune Fille Rurale (ASJFR) own and run a boarding house in Marrakech for 236 university students and girls aged 12-18 from rural areas.

Girls showing promising academic potential from some of the most remote and underserved regions of Morocco, including Zagora and the Sahara, have the opportunity to access secondary education The house provides a safe, structured, and nurturing environment, with termly boarding in good quality accommodation, good nutrition, and medical & dental care. The house provides excellent quality tuition in a wide range of subjects to support high achievement in whichever direction the girls choose, and to go on to higher education and meaningful careers.

More information on ASJFR can be found at https://www.efamorocco.org/our-projects/association-scolaire-jeune-fille-rural

Local NGO partner 3: Centre Malaika Marrakech focuses on children with Down's syndrome from early childhood to adulthood, providing the support necessary for integration into society and the workforce.

The Centre's approach includes specialist education for reading, writing and mathematics, therapeutic interventions from a team of physiotherapists and therapists, and vocational training opportunities to equip students with real-world skills for future employment.

More information on Centre Malaika can be found at https://www.efamorocco.org/our-projects/centre-malaika

Highlights & Milestones

Significant highlights and milestones in the charitable activities funded by EFA Morocco Ltd are shown below.

2007 - EFAA rents a small apartment and provides accommodation for 10 girls.

2008 - AEFA builds and opens 1st boarding house in Asni.

2009 - 2nd house rented in Talat n Yacoub on long term lease for another 30 girls.

2010 - 3rd boarding house built in 2010 in Ouirgane, funded by long-term supporters, Nigel Parker & Anne Bolitho.

2013 - AEFA rents a 4th house in Asni, accommodating 40 girls.

First 6 AEFA girls pass their Baccalaureate and go on to university. Clive Alderton, British Ambassador to

Morocco is EFAA Patron between 2013-2016.

2016 - 5th house built in Asni, which takes up to 50 girls.

2017 - Her Majesty's Ambassador to Morocco, Thomas Reilly, is EFAA Patron 2017-2019.

2018 - House visits from Moroccan Minister of Education and Right Honourable Alistair Burt from the UK.

Grant received from DFID via cooperation with the British Embassy in Rabat.

Commencement of long-term funding partnership with Intrepid Foundation.

2019 - The Duke & Duchess of Sussex (Harry & Meghan) visit AEFA houses as part of their State Visit to Morocco.

Prince Harry presents Founder & Trustee Mike McHugo with MBE for his work promoting gender equality in

Morocco, which he accepts on behalf of all of Education For All.

6th house built in Talat n Yacoub with legacy donation from Wynn family in memory of Mark Wynn

2020 - His Majesty's Ambassador to Morocco, Simon Martin CMG, becomes EFA Patron.

AEFA tackles COVID pandemic by supplying iPads to girls to continue their studies online.

2022 - Dame Hays (Hays Travel) pledges 3 internships over 3 years for AEFA graduates.

2023 - All 6 boarding houses are destroyed or badly damaged in the September earthquake in Al-Haouz region.

AEFA commences emergency recovery and rents 2 properties in Chwiter for interim use as boarding houses.

2024 - AEFA increases the number of rented properties to 6, housing a total of 198 girls by the year end.

Australian Ambassador HE Michael Cutts visits AEFA's Ouirgane boarding house following Direct Aid grant.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are appointed via a process of recommendation and/or recruitment to skills requirements. Before the appointment commences, a formal meeting takes place with the existing trustees to ensure the new trustees fully understand their responsibilities and duties. As part of their induction and training, new trustees are referred to the Charity Commission's guidance and website and are given EFAM's Trustees Manual. The Manual sets out the overall framework, policies, and procedures by which the charity is governed and through which operations are scrutinised, and outlines the trustees' role & responsibilities, code of conduct, and principles of delegation.

With the growth of the charity, the Board of Trustees recognised the need to strengthen its composition and in April 2024, Louise Nash joined as Chair of the Governance & Nominations Committee. She is a corporate partner with the global law firm Covington & Burling LLP, and has comprehensive board experience particularly in the areas of global expansion strategy, firm branding & marketing, compliance and HR.

The trustees have conducted work to identify skills which are lacking or need to be strengthened on the Board and as a result are recruiting further trustees with complementary expertise.

In August 2024, Samira El-Hachioui resigned from the Board after serving since 2019, to take on the role of Managing Director of EFAM.

Organisational structure

The charity has six trustees who are volunteers and are unpaid for their trustee's duties. There are three main Committees reporting to the Board of Trustees, covering Governance & Nominations, Finance, and Education. The Chair of Trustees also holds the key position of Safeguarding Trustee. The Board of Trustees met 10 times during the year. An annual strategy weekend is held, which takes place in Marrakech and enables trustees, local NGO partners and staff to come together to develop the Charity's project delivery.

The Charity employs a Managing Director and an Operations Coordinator. They are supported through a regular arrangement by a freelance Governance Manager and freelance Marketing Manager. Other contractors for IT, website maintenance and other specialist advice are utilised when required.

The pay and remuneration of EFAM's key personnel are set by the Remuneration Committee, who consider similarly sized charity benchmarks to ensure pay is in line with market rates.

Patrons

The British Ambassador to Morocco, Simon Martin CMG continues his patronage of EFA Morocco Ltd. Zina Bencheikh (MD EMEA, Intrepid Travel) remains the second Patron.

Wider network

The charity is promoted through its website, social media, newsletters, charitable events, and other appropriate means.

Related parties

The Charity works with and donates funds to three local partner NGOs, Association Education for All, Association pour la Scolarisation de la Jeune Fille Rurale, and Centre Malaika Marrakech, to support the provision of education to marginalised girls in Morocco.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06451416 (England and Wales)

Registered Charity number

1124500

Registered office

C/o Williams & co

8/10 South Street

Epsom

Surrey

KT18 7PF

Trustees

M J McHugo Trustee

Dr A J Dimberline Trustee

K Targaoui Trustee (resigned 20/3/2024)

S Govers - El Hachioui Trustee (resigned 31/8/2024)

T Reilly Trustee

L Wynn Trustee

N Taylor Trustee

Ms L Nash Trustee (appointed 9/4/2024)

Company Secretary

Independent Examiner

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

Legal Advisers

Covington & Burling LLP

22 Bishopsgate

London

EC2N 4BQ

Bankers

HSBC Bank plc

75-77 High St

Sutton

Surrey

SM1 1DU

Approved by order of the board of trustees on 2 July 2025 and signed on its behalf by:

L Wynn - Trustee

Independent examiner's report to the trustees of Education for All Morocco Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Smith BSc FCA

The Institute of Chartered Accountants in England and Wales

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

2 July 2025

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

417,394

201,166

618,560

1,320,999

Investment income

2

63,751

-

63,751

5,402

Total

481,145

201,166

682,311

1,326,401

EXPENDITURE ON

Raising funds

3

60,486

21,411

81,897

61,839

Charitable activities

Donations

411,666

113,000

524,666

176,754

Total

472,152

134,411

606,563

238,593

NET INCOME

8,993

66,755

75,748

1,087,808

RECONCILIATION OF FUNDS

Total funds brought forward

886,067

676,483

1,562,550

474,742

TOTAL FUNDS CARRIED FORWARD

895,060

743,238

1,638,298

1,562,550

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

483

-

483

-

CURRENT ASSETS

Debtors

10

15,113

-

15,113

27,327

Cash at bank and in hand

889,316

743,531

1,632,847

1,544,380

904,429

743,531

1,647,960

1,571,707

CREDITORS

Amounts falling due within one year

11

(9,852

)

(293

)

(10,145

)

(9,157

)

NET CURRENT ASSETS

894,577

743,238

1,637,815

1,562,550

TOTAL ASSETS LESS CURRENT LIABILITIES

895,060

743,238

1,638,298

1,562,550

NET ASSETS

895,060

743,238

1,638,298

1,562,550

FUNDS

12

Unrestricted funds:

General fund

895,060

886,067

Restricted funds:

Restricted - AEFA Earthquake Recovery

731,457

676,483

Restricted - AEFA Operational Costs

850

-

Restricted - EFAM Operational Costs

9,309

-

Restricted - Volunteers Expenses

1,622

-

743,238

676,483

TOTAL FUNDS

1,638,298

1,562,550

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 July 2025 and were signed on its behalf by:

L Wynn - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

2024

2023

£

£

Deposit account interest

63,751

5,402

3.	RAISING FUNDS

Raising donations and legacies

2024

2023

£

£

Support costs

81,897

61,839

4.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Raising donations and legacies

71,075

462

10,360

81,897

Donations

7,917

-

-

7,917

78,992

462

10,360

89,814

Support costs, included in the above, are as follows:

2024

2023

Raising

donations

and

Total

Total

legacies

Donations

activities

activities

£

£

£

£

Wages

26,783

-

26,783

37,000

Social security

2,671

-

2,671

3,639

Pensions

110

-

110

923

Insurance

614

-

614

-

Office equipment

10,116

-

10,116

-

Advertising

3,012

-

3,012

-

Sundries

16,424

-

16,424

7,019

Loss on foreign exchange

6,474

-

6,474

-

Professional fees

4,855

7,917

12,772

18,612

Depreciation of tangible and heritage assets

16

-

16

-

Bank charges

462

-

462

557

Auditors' remuneration

6,360

-

6,360

6,364

Auditors' remuneration for non audit work

4,000

-

4,000

-

81,897

7,917

89,814

74,114

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

£

Auditors' remuneration

6,360

6,364

Auditors' remuneration for non audit work

4,000

-

Depreciation - owned assets

16

-

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

Out-of-pocket expenses were reimbursed to trustees as follows:

2024

2023

2024

2023

Number

Number

£

£

Travel

11

3

7,528

2.418

Computer

-

-

-

-

7.	STAFF COSTS

2024

2023

£

£

Wages and salaries

26,783

37,000

Social security costs

2,671

3,639

Other pension costs

110

923

29,564

41,562

The average monthly number of employees during the year was as follows:

2024

2023

Admin

1

1

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

644,516

676,483

1,320,999

Investment income

5,402

-

5,402

Total

649,918

676,483

1,326,401

EXPENDITURE ON

Raising funds

61,839

-

61,839

Charitable activities

Donations

176,754

-

176,754

Total

238,593

-

238,593

NET INCOME

411,325

676,483

1,087,808

RECONCILIATION OF FUNDS

Total funds brought forward

474,742

-

474,742

TOTAL FUNDS CARRIED FORWARD

886,067

676,483

1,562,550

9.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

499

DEPRECIATION

Charge for year

16

NET BOOK VALUE

At 31 December 2024

483

At 31 December 2023

-

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

15,113

-

Prepayments and accrued income

-

27,327

15,113

27,327

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,292

-

Pension fund

294

205

Accruals and deferred income

4,559

8,952

10,145

9,157

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

886,067

8,993

895,060

Restricted funds

Restricted - AEFA Earthquake Recovery

676,483

54,974

731,457

Restricted - AEFA Operational Costs

-

850

850

Restricted - EFAM Operational Costs

-

9,309

9,309

Restricted - Volunteers Expenses

-

1,622

1,622

676,483

66,755

743,238

TOTAL FUNDS

1,562,550

75,748

1,638,298

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

481,145

(472,152

)

8,993

Restricted funds

Restricted - AEFA Earthquake Recovery

145,164

(90,190

)

54,974

Restricted - AEFA Operational Costs

850

-

850

Restricted - EFAM Operational Costs

30,530

(21,221

)

9,309

Restricted - SIST Scholarships

23,000

(23,000

)

-

Restricted - Volunteers Expenses

1,622

-

1,622

201,166

(134,411

)

66,755

TOTAL FUNDS

682,311

(606,563

)

75,748

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

474,742

411,325

886,067

Restricted funds

Restricted - AEFA Earthquake Recovery

-

676,483

676,483

TOTAL FUNDS

474,742

1,087,808

1,562,550

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

649,918

(238,593

)

411,325

Restricted funds

Restricted - AEFA Earthquake Recovery

676,483

-

676,483

TOTAL FUNDS

1,326,401

(238,593

)

1,087,808