REGISTERED CHARITY NUMBER: 1024872
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2025
for
KINGS WORLD TRUST FOR CHILDREN
A & N (Haslemere) Limited Aruna House 2 Kings Road Haslemere Surrey GU27 2QA
KINGS WORLD TRUST FOR CHILDREN
Contents of the Financial Statements for the Year Ended 31 May 2025
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Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 11
Detailed Statement of Financial Activities 12
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KINGS WORLD TRUST FOR CHILDREN
Report of the Trustees for the Year Ended 31 May 2025
The Committee present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective | January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims The principal objectives of the Charity are to promote care, education and upbringing of children and young people in need and to relieve poverty and sickness amongst such children and young people. Historically this has been restricted to Kings World Trust for Children (India) whose annual report can be obtained from www.kingschildren.org
Kings World Trust for Children (K[WTC)][was][founded][in][ UK][in][1994][to][provide][care,][education][and][skills][training][for] children who were orphaned, homeless or with physical disabilities. The operational arm of KWTC is Kings World Trust for Children (India) which manages, establishes and directs all educational projects and schools in southern India as agreed with KWTC in UK.
The Trust opened its first Children's Village in Chinnammalpuram in 1995 for both boys and girls. Subsequent activities were as follows: 1998 - opened Boys Home in Idayangudi
1999 - purchased land in Pudhur for farming and established a girls children's village 1999 - started an ‘outreach' programme to provide primary, secondary, skills training and college education for children and young people living in their own homes. 2004 - provided medical care, relief aid and reconstruction work in coastal villages affected by the south Asian Tsunami 2005 - built and opened Kings Matriculation School at Pudhur on land previously purchased for farming. 2014 - built and opened Kings CBSE School on the same 50-acre campus 2018 - built second phase of CBSE school doubling its previous size
2020 - Provided ‘online’ classes for all students during covid period. Trust provided gadgets for those who didn't have them to attend ‘online’ classes.
An outreach programme provides funds for books, uniforms, subsistence etc. for children who would otherwise have no access to education, to attend their local schools. A basic education may give children some advantage in later life but it is no guarantee of employment. KWTC therefore helps to fund its students into higher education or vocational training to give them the best possible chance of a bright future in which they can provide for themselves and their families and break the cycle of poverty.
The aim of Kings World Trust for Children is first to provide an extensive education and secondly, to provide leadership and guidance for disadvantaged children and young people for a sustainable future.
OPERATIONS IN INDIA
KWTC (INDIA) owns and operates Kings Matriculation School and Kings CBSE School. Both schools are located on a 50-acre campus and share a Kindergarten, sports facilities, dining and Boarding houses. Each school is located on its own secure campus. Currently 292 students are studying in Kindergarten, 783 students are in Matric School and 871 students are in CBSE School.
KWTC operates a bursary programme which provides free or means tested education to bright children from low income families. Bursaries at Kings School are also available for talented sports children. This bursary programme is inclusive and available to boys and girls from any background, race, caste, religion or gender. Bursaries are funded either by Kings schools or by a ‘child sponsorship programme' funded by overseas donors.
Kings Schools teach in English. Tamil is the second taught language but is the first language of the majority of students at Kings Schools. Special attention is paid to Art, Music, Cultural projects, extra curricular activities and sports. All Students take part in a great many non-educational activities, clubs and hobbies.
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KINGS WORLD TRUST FOR CHILDREN
Report of the Trustees for the Year Ended 31 May 2025
OBJECTIVES AND ACTIVITIES
Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Activities carried out for public benefit by the Charity related to charitable work projects currently carried out in Tamil Nadu State in South India through an Indian registered Aid Agency/NGO "Kings World Trust for Children (India)".
Social investments
KWTC (India) owns and operates two schools. Kings Matriculation School (800 students) which follows the Tamil Nadu State 'common' syllabus and Kings CBSE School (700 students) which follows and Indian National syllabus. Kings Matriculation School has 25% of students who are on free bursaries and a number on means tested bursaries. Kings CBSE school is for fee paying students only and profits are transferred to Kings Matric to help support the fees of the bursary students. The two King's Schools are co-located on a 50-acre rural campus
Volunteers
Kings Schools runs a programme for volunteers from the UK and from other English speaking countries. Volunteers can be any age from 18 years old. They can have professional skills or be school leavers. TEFL qualified volunteers are especially welcome. A minimum of one month and maximum of three months is the ideal volunteer time at Kings Schools. However, KWTC doesn't get many volunteers post covid. We are trying hard to bring volunteers from abroad.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Trustees have maintained a steady flow of funds to KWTC (India) to support children who are sponsored by the UK Trust. The funds are used exclusively for the children sponsored by UK donors including the infrastructure and resources which are necessary to support them. There is one full time staff member and one part time bookkeeper who administer and manage the KWTC sponsorship and bursary programmes in India.
Income has been falling over the past few years due to the challenges of fundraising, the retirement, due to age, of a number of loyal donors who are now unable to support their sponsored children on a fixed pension and the fall in sterling against the Indian rupee which has meant transferred funds are now worth less in rupees. It has been hard to find many new child sponsors but there has been a slow stream of sponsors, mostly from younger people, who came as volunteers/Interns to support the work of the Indian Trust and schools.
KWTC makes ongoing appeals to Grant Making Trusts in the UK and has been successful in attracting a number of sizeable donations for capital projects and the multiple sponsorship of children both in KWTC (India) and the schools run by the Indian Trust.
Currently, the following numbers of children are sponsored in the KWTC Outreach programme in India and in providing bursaries for children to attend Kings Schools in India.
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||||||
|---|---|---|---|---|
|Outreach|programme|2|
|Higher|Eduction|10|
|Day|Bursary|at Kings|School|242|
|Boarding|Bursary|at Kings|School|5|
|Total|Number|of Children|259|
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Surplus funds are kept with high street banks to enable easy access.
The Trustees recognise the need to review this policy on an annual basis and to look at other potential opportunities whilst appropriately monitoring the available funds and being proactive in their management, to ensure the best interest of the Charity's objectives are maintained.
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KINGS WORLD TRUST FOR CHILDREN
Report of the Trustees for the Year Ended 3] May 2025
FINANCIAL REVIEW
Principal funding sources
The principle source of funds is donations from individuals, companies and other organisations in the United Kingdom as well as sponsorship of specific children in India. Income generated for Kings School is through a percentage of fee paying students. KWTC runs a volunteer programme in India for skilled and unskilled volunteers from overseas who support KWTC programmes and projects.
Investment policy and objectives
Surplus funds are kept with high street banks to enable easy access.
Reserves policy
The policy of the trustees is to build up reserves to cover sudden loss of income or an emergency situation. Reserves have been depleted in recent years to maintain our charitable programmes. At the current time reserves have increased to £18,809 (2024 £10,652), below that thought to be prudent by the Trustees. The decision to curtail the outreach work and increase fund raising efforts will help to build up reserves again to the desired levels. The trustees aim to make best use of any unrestricted funds, however, they reserve the right to retain general reserves in hand until they can be used in the most efficient manner to further the objectives of the Charity.
Funds in deficit
During the year there was a net income of £8,157 (2024 : £2,930 Net Surplus). There was a decrease in income during the year as it has been a difficult time to raise funds. During the year £40,000 was granted from the Charity (2024 - £25,000). The trustees felt it necessary given the decrease in donations and to reduce the commitment to ensure that the Charity maintained it reserves in line with its reserves policy.
Surplus funds are kept with high street banks to enable easy access. The Trustees recognise the need to review this policy on an annual basis and to look at other potential opportunities whilst appropriately monitoring the available funds and being proactive in their management, to ensure the best interest of the Charity's objectives are maintained. FUTURE PLANS KWTC (India) is to cease the outreach programme as soon as existing children complete their education. The new focus is to provide bursaries for children, from low income and disadvantaged backgrounds, to attend Kings Matriculation School. KWTC has one of the best schools in southern India and children can really benefit from a formal education, in English, at this school. English is one of two ‘National’ languages in India and fluency in English is a passport to a successful professional career.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
The Trustees have adopted the following policies and procedures for the induction and training of new Trustees:
-
There should be no less than three trustees. 2. Prospective Trustees need to be recommended by the existing Trustees and be over the age of eighteen and not be ineligible to act.
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The Charity will provide sufficient training assistance to enable a Trustee to be well informed, conversant with current legislation, up to date with events affecting the Charity and its objectives.
The trustees are based throughout the United Kingdom. The Trustees will discuss various matters through the year which affect the Charity and will when necessary hold formal minuted Trustees meetings. The Charity has an administrator, and uses the services of unpaid volunteers. The founder, C Wagstaff OBE holds the role of Chairman and Operations Director and splits his time between the United Kingdom and India.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1024872
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KINGS WORLD TRUST FOR CHILDREN
Report of the-Trustees for the Year Ended 3{ May 2025
Principal address 1 Stonehill Cottage Wilsons Road ‘ Headley Down Bordon - Hampshire GU35 8JE Trustees
°
The trustees who served during the year were:
.
Mr C Wagstaff OBE Mr S Wagstaff Mr N Wagstaff Mrs B Wagstaff Mrs S Hotchkiss
Independent Examiner Mrs Anugrah Sharma BSc FCA A &N (Haslemere) Limited Aruna House 2 Kings Road Haslemere Surrey GU27 2QA
COMMENCEMENT OF ACTIVITIES The charity was set up under a deed dated 26 July 1993. Approved by order of the board oftrustees on asforlas... and signed on its behalf by: C Wagstaff OBE - Trustee
:
,
,
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Independent Examiner's Report to the Trustees of Kings World Trust for Children
Independent examiner's report to the trustees of Kings World Trust for Children
I report to the charity trustees on my examination of the accounts of Kings World Trust for Children (the Trust) for the year ended 31 May 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
[report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
,
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
.
Mrs Anugrah Sharma BSc FCA
The Institute of Chartered Accountants in England and Wales
A &N (Haslemere) Limited
Aruna House
2 Kings Road Haslemere Surrey GU27 2QA Date: 26.f.03, db...
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KINGS WORLD TRUST FOR CHILDREN
Statement of Financial Activities for the Year Ended 31 May 2025
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|---|---|---|---|---|---|---|---|
|31.5.25|31.5.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|66,000|-|66,000|46,874|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|Activites|17,843|-|17,843|18,944|
|Grants|40,000|-|40,000|25,000|
|Total|57,843|-|57,843|43,944|
|NET INCOME|8,157|-|8,157|2,930|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|10,652|-|10,652|7,722|
|TOTAL FUNDS CARRIED FORWARD|18,809|-|18,809|10,652|
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The notes form part of these financial statements
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KINGS WORLD TRUST FOR CHILDREN
Balance Sheet 31 May 2025
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|---|---|---|---|---|---|---|---|---|---|---|
|31.5.25|31.5.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|CURRENT|ASSETS|
|Debtors|4|1,008|-|1,008|2,067|
|Cash|at|bank|19,701|-|19,701|10,485|
|20,709|-|20,709|12,552|
|CREDITORS|
|Amounts|falling|due|within|one|year|5|(1,900)|-|(1,900)|(1,900)|
|NET CURRENT ASSETS|18,809|-|18,809|10,652|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|18,809|-|18,809|10,652|
|NET ASSETS|18,809|-|18,809|10,652|
|FUNDS|6|
|Unrestricted|funds|18,809|10,652|
|TOTAL FUNDS|18,809|10,652|
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D5The [03].financial 9.6mstatements and werewere signedapproved on itsby behalftheby:Board of Trustees and authorised for issue on
B Wagstaff - Trustee Z S A Wagstaff - Trustee
The notes form part of these financial statements
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KINGS WORLD TRUST FOR CHILDREN
Notes to the Financial Statements for the Year Ended 31 May 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 | January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015), Charities SORP FRS102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Legal form
The Charity is an unincorporated registered Charity defined by its governing document.
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.
Governance costs
Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulations and good practice. These costs include costs related to the independent examination, legal fees and any appropriate apportionment of overheads.
Taxation
The Charity is exempt from tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Any investment income, gains or losses are allocated to the appropriate fund.
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- ACCOUNTING POLICIES- continued
KINGS WORLD TRUST FOR CHILDREN
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
Fund accounting
Designated funds are funds set aside by the Trustees out of general reserves for a particular purpose. The aim and use of each designated fund is set out in the notes to the financial statements. The Trustees will review the funds on an ongoing basis. At the conclusion of the purpose for the fund any excess remaining funds will be transferred back into general funds. If a shortfall arises the Trustees will consider whether any additional general funds should be transferred to designated funds. Any investment income, gains or losses are allocated to the appropriate fund.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange variances are taken into account in arriving at the operating result.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees may be required to make assumptions, estimates and judgements about the carrying values of assets and liabilities that are not readily apparent from other sources. These are based on previous experience and other factors that are considered by the trustees to be relevant. Ultimately, actual results may differ from these estimates. Any such estimates and assumptions are subject to review on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the revision takes place where the revision affects only that period, or in the period of the revision and any future periods where the revision affects both current and future periods.
2.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
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|---|---|---|---|---|---|---|
|3.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|46,874|-|46,874|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|Activites|18,944|-|18,944|
|Grants|25,000|-|25,000|
|Total|43,944|-|43,944|
|NET INCOME|2,930|-|2,930|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|7,722|-|7,722|
|TOTAL FUNDS CARRIED|FORWARD|10,652|-|10,652|
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KINGS WORLD TRUST FOR CHILDREN
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
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|---|---|---|---|---|---|---|---|---|---|
|4,|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.5.25|31.5.24|
|£|£|
|Other debtors|1,008|2,067|
|5.|CREDITORS:|AMOUNTS|FALLING DUE WITHIN|ONE|YEAR|
|31.5.25|31.5.24|
|£|£|
|Other|creditors|1,900|1,900|
|6.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.6.24|in|funds|31.5.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|10,652|8,157|18,809|
|TOTAL FUNDS|10,652|8,157|18,809|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|66,000|(57,843)|8,157|
|TOTAL FUNDS|66,000|(57,843)|8,157|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|1.6.23|in|funds|31.5.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|7,722|2,930|10,652|
|TOTAL FUNDS|7,722|2,930|10,652|
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KINGS WORLD TRUST FOR CHILDREN
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
- MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|46,874|(43,944)|2,930|
|TOTAL FUNDS|46,874|(43,944)|2,930|
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A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.6.23|in|funds|31.5.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|7,722|11,087|18,809|
|TOTAL FUNDS|7,722|11,087|18,809|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|A|current|year|12|months|and|prior year|12|months|combined|net|movement|in|funds,|included|in|the|above|are|
|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|112,874|(101,787)|11,087|
|TOTAL FUNDS|112,874|(101,787)|11,087|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
- ULTIMATE CONTROLLING PARTY
The Trustees control the Charity in accordance with the trust deed.
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KINGS WORLD TRUST FOR CHILDREN
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|---|---|---|---|---|---|---|---|
|Detailed|Statement|of Financial|Activities|
|for|the|Year Ended|31|May 2025|
|31.5.25|31.5.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Child|Sponsorship|26,297|-|26,297|28,848|
|Donations|36,030|-|36,030|13,414|
|Gift|aid|3,673|-|3,673|4,612|
|66,000|-|66,000|46,874|
|Total|incoming|resources|66,000|-|66,000|46,874|
|EXPENDITURE|
|Charitable|activities|
|Wages|8,000|-|8,000|8,000|
|Travelling|7,175|-|7,175|7,125|
|Grants|to|institutions|40,000|-|40,000|25,000|
|55,175|-|55,175|40,125|
|Support|costs|
|Finance|
|Bank charges|54|-|54|500|
|Information|technology|
|Repairs|and renewals|106|-|106|283|
|Governance|costs|
|Auditors'|remuneration|for non|audit work|2,508|-|2,508|3,036|
|Total|resources expended|57,843|-|57,843|43,944|
|Net income|8,157|-|8,157|2,930|
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This page does not form part of the statutory financial statements
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