Charity reglstratlon number 1076768 Company registration number 03646579 (England and Wales) EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 IiiThThii ADECSBYR 2311012024 COMPANIES HOUSE A17
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EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Tru$ts•• Smshah A K EdgaT-Cole N Changela J Turton {Appoinled 2 September 2023) {Appoinled 2 September 2023) S•crelary Ms L Flaxman {Appoinled 5 June 2024) Charity number 1076788 Company number 03646579 R•gl8t•red offlce 1 st Floor The Pavilion 56 Rosslyn Ciescent Harrow Middlesex United Kingdom HA12SZ Indep•nd•nt oxamln•r Azets 20 Western Road Launceston Cornwall United Kingdom PL15 78A
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE CONTENTS Page TNstees' report Independent examine6 Teport Statement of financlal aclivities Balance sheel Notes to the financial statements 8-14
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and financial statemenls for the year ended 31 March 2024. The Trustees, who are also Directors of El Shaddai Charitable Trust Ltd , UK company no.. 03646579 , charity number 1076768 {This document will abbreviate the UK entity to ESCT UK and abbreviate the India Charity '. El Shaddai Charitable Trust, Charily No 911V11, to ESCT India) for the purposes of company law, are Tesponsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting. In preparing the financial statements the Trustees should.. select 5uilable accounting policies and apply Ihem consistently., make judgements and estimates that are reasonable and prudent: prepare the financial slalements on the going concem basis unless it is inappropriate lo presume Ihat the charitable company will conllnue in operatlon. The Trustees are responsible for keeping pioper accounting records which dlsdose with reasonable accuracy al any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence lor taklng asonable steps for the prevenlion and detection of fraud and other irregularities. The accounts have been prepared In accordance.wllh Ihe accounting policies sel out in note 110 the accounts and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Pradi¢e applicable to ¢harilies preparing their a¢¢ounls in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods commencing Irom 1 January 2016) Charftable oblectlves The UK Charity was established in 1997. The Charrty's Mission Stalement Is defined in 118 Memorandum and Articles of Association: 1) The relief of poverty and sickness of children in India 2) The advancemenl of educalion of young people of Indla 3) The relief ol sickness among the population ol India by providing or assisting in healthcare. To achleve the above-mentioned objed$ the Charlty receives funding from monthly $ponsorshlp and 98neral donations; also through fundraising activities Carried out by the UK Co- Founder, Truslees, UK Office Coordinator. Volunteers. and Donors. This funding is the basis of grants which are made to our Partner Agency in India. ESCT India which promdes living accommodation, meals and medical care for vulnerable and disadvantaged young children in new built or renovated houses and Day Cenlres in Goa and other States in South India. Public Benefit In planning our activities, we have kept In mlnd Ihe Charity Commission's guidance on public benefrt and have followed this guidance lo demonstrate the charitable aims are for public benefrt. The Truslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Partner agencies The Charity currently achieves Its objectlves through grant maklng to one Partner Agency, El Shaddal Charllable Trust. registration no 911V11 a Charitable Society registered in Mapusa, Goa, India in 1996. The Charity is a Non- Govemmental, Non-Political Organisalion. Communications and reporting systems been the UK and our Partner Agency are working well and UK Trustees continue to visit and monitor projects at least annually. There was a gap when it was not possible for visits during the Covid years. but tsvo trustees have been able lo visrt India once again since then.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and Perfornlance The UK funding Continues to provide the following services Ihrough its Partner Agency:_ Purpose living accommodation, meals and medical care for vulnerable and disadvantaged children in new built or renovated houses and Day Shetterslcentres in Goa. Education in a purpos&built school for ESCT India children, funds for local slum children to attend neighbouring schools and funds for ESCT India senior children to receive further education in Goa, vocational education for slum dwellers, Funding lo Project Partners through ESCT India to operate community Centres in other States in Indla. Due lo the pandemic, the past few years have been very uncertain and anxious for El Shaddai in India. Despite the many difficullies, including sorne of Ihe children and slaff being victims of Covid. ESCT India has had to re- adjust to a post-covid world. Work continues in the homes and school and various day centres and shelters. People in the slums are cared for by our field staff and El Shaddai ¢onlinues to provide meals. food parcels and medical assistance to many who need this help. ES India provides a dally feeding programme for the constant number ol hungry people In the communrtles. We are so grateful for generous donations from supporters who have been plvol81 in the funding of the feeding programme. Chlldren's Homes ESCT has five children's homes in operalion.. Rainbow House. House of Kathleen. House of Norma, Viclory House and Shekinah House. Total number of children staying in the homes 1$ 204. Vema House is being used lo shelter homeless men wheie Ihere are currently 19 men residing. House of Hope is a shelter for homeless women and 10 are housed there at present. Accommodation is usually in large old-style Goan properties with giounds suitable for games. They usually consist of a main room used for different functions (meals, watching dormitory sleeping accommodatlon, toilets and shower blocks, office and storerooms, etc. Staff is employed by ÉSCT India,. Size of staff team vaTles dependlng on size of home. There Is IndependenUSemi-Independenl Accommodation for senior boys and girls. Day Carn Centr•$ Curfentty, our Day and Community Cent3 are.. Asha Deep In Panlim. Ashraya Community Centre in Vasco, Albert's Good News Community Centre in Margao, Little Acorns in Calangute, Slepping Stones in Margao. Tremara in Chimbel and Sylvia's House Community Cenlre in Vasco. These provide drop-in centres for any child in need Ihroughout the day. The 5hefters act as safe havens for Children, ptoviding them with securlly, food. washlng facilities, new clolhlng, basic, non- formal educallon and counselling. Approximately 50•A of children in the Day Centres are funded to attend local slate-run schools. An extra dimension to the work of the Shelter5 15 thal of Ihe Field VVorkeTS who work in the surrounding slum areas with the most vulnerable children. They attend lo minor medical problems, give baslc teaching and refer children to the Day Centres who, if necessary, may then be accomrnodaled in a residential home. During the year. Fleld Workers have spent time on additional feeding projects within the slums. ESCT India look on a new outside project, the Rene Projecl, in February 2022. in Turbh&Navi, Mumbai, aiming to fighl against child prostitution in the red-light district. Two of our staff members are engaged in counselling the women and their families in these areas, wbth 19 children residing in Rena Home. Educatlon As well as providing living accornmodation, meals and medical e2re, the educational needs of the children are also taken care of, in the purpose-built Shanli Niketan School. There are 265 El Shaddai Academy students, 175 children from our homes plus 90 day scholars.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnan¢lal R•vl•w The results are as set out in the attached accounts. Grant Maklng Pollcy The Trustees consider Grant Making an effective means of delivering aid using local partners. Local partners have access lo facilities, expertise, staff andlor other reSoUrS in the field, and they may be better placed to deliver aid speedily and effectively. We are able to review our Partner Agency for its track record in their field, financial transparency and operational Capability. Our Grant Making Programme is reviewed each year. Res•rves Policy The Charity aims to hold free reserves of approxlmately £55,000, which equates to three months, granl maklng for our Partner Agancy's charltable actlvlties. Flnancial rlsks - Project Running Costs All fundlng sent by the UK to our Partner Agency, ESCT India. is 18su8d In two parts - Restricted Funds and General Funds. The UK Office has put in place procedures to ensure Restricted Funds are used for the exact purposed intended, which includes evidencing. General funds Currently contribute to the running costs of Ihe charity in India and the UK charity expenses. Our income from Direct Debits decreased from £145,092 in 20181 19 10 £142,794 In 2019120. in 2020121, £149,807. For 2021122 Ihe amount was £149.529.93 and for 2022r23 the total was £136,943.48. For 2023-24 the total was £133,888.48 We have lost some sponsors. partly due to age and financial restraints, but are gaining new spon$ors. The pandemi¢ had an effect on the donation$ we Tecelved, however, donatlons and fundraising activities are beginning to increase. Plan8 for Futur• P•rlod• The Trustees are well aware that we must use the resources we have wisely, effectively and efficiently on behalf of our donors and sponsors. Our grant making is carried out Ihrough only one Partner Agency. We try lo cement trust beeen us and our donors and sponsors by producing good quality reporting and up to date financial reporting. We wish to highlight the need for suslainabilily of otjr current projects. The Trustees whole-heartedly recognise that they are responsible for the maintenance and integrity of the Charity. On 13 May 2023, Lynne Flaxman was appointed as the new Office Coordinator. The lease of the office In Holsworthy was cancelled on 30th June 2023 and the registered address was transfèrred to Harrow.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure• govemance and management The Trustees. who are also the dirèctors for the purpose of Company law, and who sepied during the year and up to the dale of Signatu of the financial slalements were.. F D Linley (Resigned 2 Sepiember 2023) R Bealing (Resigned 31 July 2024) M Care (Resigned 31 July 2024) Dr C Cottrell (Resigned 2 September 2023) Smshah A K Edgar-cole N Changela J Turton (Appointed 2 September 2023) (Appointed 2 September 2023) Appointment of Trustee8 In Tecent years, persons who have played a signlficant role In supporting the Charliy along with Il's oblecllves and possess the requisite s'11S along with an enhanced DBS clearance, have been inwted to become a Trustee. Organlsatlon•l Stru¢tur• and Gov•man¢• The Reglslered Charlly (Charity No. 1076768) 18 8 Company Limited by Guarantee (Company No. 03646579> and is govemed by ils Memorandum and Articles of Association. The Charity is managed by a Board ol Trustees who are responsible for setting and implementing policies and are assisted by the Company Secrelary and UK Office cOrdinat0r. Rlsk Management Process and R•vl•w The Trustees of ESCT UK undertake a routine analysis of all the risk areas relevant to the organisation. A specific procedure is implemented for the identification and management of risk. The risks are cleatly identified and attribLrted to either ESCT UK or our partner agency. These risks areas include topics such as Govemance, Operatlonal, Financial and compliancè with UK Laws and Regulations. Following risk idenllficalion, a Rlsk Management Review is then completed for each specific risk area. The Trustees. report was approved by Ihe Board of Trustees. Smshah Trustee Dated: ....
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EL SHADDAI CHARITABLE TRUST LIMITED I report to the Trustees on my examination ol the financial statements of EL Shaddai Charitable Trust Limited (the Charity) for the year ended 31 March 2024. Responslbllities and basis of report As the TTUStees of the Charity (and also ils direciors for the purposes of company law) you are responsible for the preparation of the ffinancial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the finanaal statements of the Charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charily's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Acl>. In carrying out my examination I have followed all the applicable Oireclions given by the Charity Commission under section 145{5){b) ofthe 2011 Act. Ind•pend•nt •xamln•rf• Statement I have completed my examination. l Confirm that no matters have come to my attention in Connection with the examination giving me cause lo believe that in any material resp8Ct'. accounting records were not kept in resped of the Charity as requirod by section 388 of the 2006 Ad; or the financial statements do not accord with those records; or the financial slatemenls do not comply with the a¢untIng requirements of section 396 of the 2006 Act olher Ihan any requirement that the accounts give a true and fair view which is not a matter considered as part of an Independent examinalion., or Ihe financlal statements have not been prepared In accordance with the methods and principles ol the Statement of Recommended Practice for accounting and reporting by charilies applicable lo charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102>. I have no concems 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 Ihe financial statements to be reached. However wè feel il necessary to draw attention to the paragraph in the Trustees Report under the heading financial risk. The UK Trustees have in place various procedures lo assist with the conlrol of expenditure in Goa, which include5 evidencing of expenses. However it should be noted Ihat inevilably responsibility for spending in Goa lies with the Trustees of ESCT Goa and the UK Truslees can only rely on raport$ of evidence ol this spending provided lo them. Mrs Elizabeth Smith ACA FCCA CTA A2els 20 Western Road Launceston Cornwall PL15 7BA Dated: 17 October 2024
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unr•strfcted Re8tri¢t•d funds funds 2023 2023 Tolal 2024 2023 Notes In me from: Donations and legacies Other trading activities Inveslmenls 26,096 200.066 226.162 21.404 199.539 220,943 1.068 1,068 407 2,835 2.835 173 407 173 Total income 26,503 201,134 227,837 21,577 202,374 223,951 ndl uro Charitable activities 36,812 177,149 213,981 31,160 143,042 174,202 N•t {outgolng)Ilncomlng resourc08 before tran$f•rs (10,309) 23.985 13,676 (9,583> 59.332 49,749 Gross transfers between funds 10,063 (10.063) Net (expendlturellln¢omo for the yearl Net movement In funds 1246) 13,922 13,676 {9,583) 59,332 49,749 Fund balances at 1 Aprll 2023 13.691 82.666 96.357 23,274 23,334 46,608 Fund balan¢0$ at 31 March 2024 13.445 96.588 110,033 13,891 82,666 96,357 The statement of financial activitie$ includes all gains and losses recognlsed in the year. All income and expendlture derive from conts'nuing aclivitles. The slalement of financial activities also ¢omplie$ with the requirements for an income and expenditure account under the Companies Act 2006.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 682 Current assets Debtors Cash at bank and in hand 12 13,211 98,179 98,307 111.390 98,307 Credltors: amounts falllng due wlthln one year 13 {2,040) <1,950) Net current assets 109,350 96,357 Total a88•ts 1088 current Ilabllltl•8 110,032 96,357 Income funds Reslricled funds Unrestricted funds 14 96,588 13,445 82,668 13,691 110,033 98,357 The company is entitled to the exemption from the audit requirement cor)tained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directofs acknowledge their responsibilities for complying with the requlrements of the Companles Act 2006 with respecl to accounting records and the preparation of financial statements. The members have not requlred th8 company lo obtaln an audit of Its financlal statements for the year In questlon in accordance with section 476. These financial statements have been prepared In accordance with the provisions applicable to companies subje lo the Small companies regime. The financial statements were approved by the Trustees on 20 September 2024 Smshah Trustee Company Registration No. 03646579
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countSng pollcles Charlty Informatlon EL Shaddai Charitable Trust Limited is a private company Ilmited by guarantee incorporated In England and INales. The registered office is 1st Floor. The Pavilion. 56 Rosslyn Crescent. Harrow. Middlesex, HA1 2SZ. United Kingdom. 1.1 Accountlng conv•ntlon The accounts have been prepared In accordance with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republi¢ ol Ireland (FRS 102)° (as amended for accounting periods comrnencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 nol lo prepare a Stat8menl of Cash Flows. The financial slatemenls are prepared In sterllng, which 1$ the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Going conc•m At the lime ol approving the financial statement8, the Trustees have a r8a$onable 8xpeclalion that the Charity has adequate rèsources to continue in operational exi$lence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounling in preparing the financial statements. 1.3 Charltable fund• Unrestrl¢ted funds are available for use at the discretlon of the Trustees In fvrtherance of IhelT charitable objectives. Restricted fund5 are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the not8S to the financial stalemenls. 1.4 Income Income is recognised when the Charity is legally entitled to it after any perfomiance conditions hav8 been met, the 8mounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognlsed once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations ceiVed under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or othepwise if the Charrty has been notified of an impending distribution, the amount is known, and receipt is expected. If ihe amount is not known. the legacy is treated as a contingent asset. 1.S Exponditur• All expenditure is re¢ognised on an a¢cruals basis as a liabilty occurs and there is a legal or constructive obligation committing the charity to pay out the expenditure. Expenditure indudes VAT that cannot be fully recovered and is reported as part of the expenditure lo which it relates. Fundralslng costs comprise specific costs associaled with attracting the volunlary income. Grants are recognised in the accounts on payment when the commitment is made.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles Icontlnued) 1.6 Tangible fixed assets Tangible fixed assets are inltlally measured al cost and subsequently measured at cost or valuatlon, net of depreciation and any impaimient losses. Oepreciation is reco9nised so as to write off the cost or valuation ol assets le55 their residual values over their Useful lives on the following bases.. Fixtures. frttings & equipment Straight line over 4 years The galn or loss arislng on the disposal of an asset Is determined as the difference between Ihe sale proceeds and Ihe carrying value of the asset, and is re¢ognised in the statement of financial adivities. 1.7 Impaimient of fixed assets Al each reporting end dale, the Charty reviews the carrylng amounts of its tanglble assels to determine whether there is any indicallon that thosé assèts have suffered an impairment loss. If any such IndiGalion exists, the recoverable amount of the asset is estimated In order to delermine the extent of the impaiment loss (if any>. 1.8 Cash and ¢a•h equlval•nts Cash and cash equivalents include cash in hand, deposit$ held at call with banks, olher short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shr)wn within borrowings in current liabilities. 1.9 Flnan¢lal In8truments The Charity has elected to apply the provislons of Sectlon 11 'Baslc Flnancial Inslruments, and Section 12 'Olher Finan¢ial Inslrumenls Issues, of FRS 102 to all of its financial instrumenls. Flnancial instruments are recognised in Ihe Charlty's balance sheet when Ihe Charity becomes party to Ihe contractual provislons of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when Ihere is a legally enforceable right to sel off the recognised amounls and there is an inlenlion to settle on a net basls or to realise the assel and settle Ihe liability simultaneously. Baslc financial a$5ets Basic financial asset5, which Include debtors and ca$h and bank balances. are initialty rneasud al Iransadion price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslitules a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets dassified as receivable within one year are nol amortised. Baslc flnan¢ial liabllltles Basic financial liabilities. induding creditors and bank loans are initially r•¢o9nised at transaction prlce unless Ihe arrangement constitutes a financing transadion. where the debl instwmenl is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities ¢lassified as payable wilhin one year are not amortised. Oebt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or SeICe5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al Iransaction price and subsequently measured at amortised cost using the effective interest method.
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poli¢l•$ Icontlnued) Derecognition of financial liabilities Financial liabilities are derecognised when Ihe ChariV$ contractual obllgalion8 explfe or are discharged or cancelled. 1.10 Taxatlon The charity's activitles fall wilhln the exemptions afforded by the provisions of the Corporatlon Tax Act 2010 and the Income Tax Act 2007. A¢cordin9ly there is no taxation charge in these accounts. Donatlons and legacle8 Unrn$trlcted R•$tricl•d fund$ funds Total 2024 2024 2024 Donations and glfts 26,096 200,068 226,162 For th* year ¢nd•d 31 Mar¢h 2023 21,404 199,539 220,943 Other tradlng actlvllles Regtrlctod Restricted fund$ lund$ 2024 2023 Fundraislng events 1,068 2,835 Investments Unr¢$lri¢t•d Unr•strlcted fund8 funds 2024 2023 Inlerest receivable 407 173 10-
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Charitabl? Charitable activities activities 2024 2023 Depreciation and impainnent Premises and adminislration cosls lfilebsite costs including just giving fees 227 15.551 391 12.816 391 16,169 13.207 Grant funding of activitie5 (see note 6) Share of govemance costs (see note 7) 192,300 5,492 156,232 4,783 213,961 174,202 Analysis by fund Unreslricled funds Restricted furKIs 36.812 177,149 31.180 143,042 213.981 174,202 Grants payablè Charitsblè Charitable activltle8 a¢tivltle• 2024 2023 Grants to Institutions.. Other 192,300 156,232 11
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govemanco costs costs 2024Support costs Govemance costs 2023 Legal and professional Accountancy Insurance 217 4,200 1.075 217 4,200 1,075 238 3,558 967 238 3,558 987 5.492 5.492 4,763 4,763 Analysed between Charitable activille8 5,492 5,492 4,763 4,783 TruJte•$ Expenses incurred by Irustees in relation lo the perfomiance of their duties on behalf of the ¢harily have been reimbursed at cost. employ• The average monthly number of employees during the year was.. 2024 Numb•r 2023 Numb•r Total There were no employees whose annual remuneration was more than £80.000. 10 Taxatlon The charrty is exempl from lax on income and gains falling within section 505 of the Taxes Acl 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to tts charitable objeds. 12-
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible fixed assets Flxturns. flttlng$ & •qulpmont Cost At 1 April 2023 Additions Disposa18 20,117 909 {20,117) At 31 March 2024 909 D•pr•¢iatlon •nd Impalrni•nt At 1 April 2023 Depreciation charged in the year Elirninated In respecl of disposals 20,117 227 (20,117) At 31 March 2024 227 Carrylng amount At 31 March 2024 682 12 Debtors 2024 2023 Amounts falllng due wlthln on• y•ar: Prepayments and accrued income 13.211 13 Credltors: amounts falling due wlthln one year 2024 2023 Arxwals and deferred income 2.040 1,950 13-
EL SHADDAI CHARITABLE TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Restrlcted funds The income funds of the charity include restricted funds ¢omprl$lng the following unexpended balances ol donations and grants held on trust for spe¢ifi¢ purposes: Movement In funds Incomln9 R•sourcwJ r•sourc•s •xponded 8414n¢• at l Aprll 2023 Tr•n•f• Balanc• at 31 March 2024 Restricted Funds 82,666 201.134 177,149 (10,063) 96,588 Purpose of Restrlcted Funds To provide accommodation for children, usualty in large old-slyle Goan properties, consisting of a main room used for different functions {meals. re¢realion), dormitory acLommodation, shower blocks. kitchen, offic8 et¢ wilh lockers available for many children. To provide shelter for children during the night and a drop in centre for any child in need during the day. The shelters act as a safe haven for children, providing them with s8curity, food. washing facilities, new clothing. and basic non-fomial education and counseling. Those children In greatest need are then able to Stay the night. To provide cottages that can accommodate groups of 8.10 children in generally shared rooms (2-3 boys per room). They are intended for boys who have prevlously lived in ESCT Children's Homes and allow them the opportunity to move into semi-independent accommodation. To provide support to a number of projects to ensure children are able lo benefit fvlly from an education. To run a number of projects for local communities both In urban and village areas. To provide medical facilities. To provide vehlcles for use by the charity. 15 Analy$l$ of net a$$ets between funds Unrestricted Re51ri¢ted lund fund 2024 2024 Total Unrostrlcted Restrlcted fund fund 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by: Tangible assets Current assetsl(liabililies) 682 12,762 682 109.350 96.588 8,059 88,298 96,357 13,444 96.588 110.032 8,059 88,298 96,357 16 Related party transa¢tions There were no disGlosable Telated party transaction$ during the year {2023- none). 14-