THE CHILDREN OF LOTA CHARITABLE TRUST Registered Charity No. 1081372
TRUSTEES’ ANNUAL REPORT
and
ACCOUNTING STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024
THE CHILDREN OF LOTA CHARITABLE TRUST
TRUSTEES’ ANNUAL REPORT Year ended 5 April 2024
Registered Charity No. 1081372
Principal address
40 Hyde Park Gate London SW7 5DT
Governing document
Trust Deed dated 28 February 2000
Trustees
Appointed by Trust Deed dated 28 February 2000 Mr R C P Mayhew Mrs L B Mayhew Ms L C Mayhew (resident in Chile)
A new trustee may be appointed by a resolution of the trustees.
Objects
The relief of poverty and the advancement of welfare and education of children in the district of Lota in Chile, South America.
Review of activities
The charity aims to care for around 50 families who live in a very poor district of the old coal mining town of Lota in Southern Chile by providing help in the following ways:
-
repairs and additions to their houses when needed,
-
monthly deliveries of flour, lentils, beans, sugar and other foods,
-
clothes and shoes for the children, particularly their school requirements,
-
payment for training courses such as nursing, hairdressing, engineering and other courses according to the child’s abilities,
-
help and advice on health and administrative matters,
-
English language lessons,
-
a supervised camping holiday for fifty to sixty children aged 7 to 15.
In the year under review most activities have been reinstated following the restrictions imposed by COVID 19 including the annual camping holiday. It is intended to continue the activities supporting the families and to expand the scope of the help that is given to them as funds become available.
Financial review
The Accounting Statement on page 4 has been prepared on the receipts and payments basis in compliance with the appropriate legal requirements for a charity with a gross income not exceeding £250,000 and which is not a company incorporated under the Companies Acts. The Accounting Statement shows a surplus of receipts over payments of £625 (2023: deficit £929).
The funding of the charitys activities and the expenditure on them during the year is shown in the Accounting Statement. No reserves are heId other than day to day cash funds and the charity will continue to receive funding as required by way of grants from The Robert Mayhew Charitable Trust in London. During the year short terni interest free loans were received in Chile from related parties and these are Tepaid out of funds received from London as available. Approved by the TnteeS and signed on their behalf on 5 February 2025. ,? RCPMayhew Trustee
THE CHILDREN OF LOTA CHARITABLE TRUST
ACCOUNTING STATEMENT
YEAR ENDED 5 APRIL 2024
| RECEIPTS AND PAYMENTS Receipts The Robert Mayhew Charitable Trust Loans received Payments Charitable activities Food Clothing and shoes Gifts and donations Health Education Summer camp Travel Administration Sundries Salaries Other payments Bank charges Legal fees Accountancy Foreign exchange loss Loan repayments Total payments Net receipts/(payments) Cash funds at 6 April 2023 Cash funds at 5 April 2024 ASSETS AND LIABILITIES Cash funds Bank balance in Chile Liabilities Short term loans Net (liabilities) /assets |
2024 £ 27,691 1,851 29,542 8,644 2,521 143 - - 3,783 555 3,080 2,165 6,142 27,033 33 - - - 33 1,851 28,917 625 1 - 624 624 (1,516) £(892) |
2023 £ 23,073 2,738 |
|---|---|---|
| 25,811 | ||
| 8,091 2,855 - 10 - 3,864 450 798 267 5,855 |
||
| 22,190 | ||
| 38 - - 2 |
||
| 40 | ||
| 4,510 | ||
| 26,740 | ||
| (929) 928 |
||
| (£1) | ||
| (1) (1,540) |
||
| £(1,541) |
Notes:
-
There were no restricted or endowment funds
-
The trustees received no remuneration during the year (2023: Nil)
-
Chilean pesos have been converted into Sterling at an average rate for the year of CL$1,080.73 = £1 (2023: CL$1,064.25 = £1)
-
Provision for accountancy not made in the statement
THE CHILDREN OF LOTA CHARITABLE TRUST
ACCOUNTING STATEMENT
YEAR ENDED 5 APRIL 2024
| RECEIPTS AND PAYMENTS Receipts The Robert Mayhew Charitable Trust Loans received Payments Charitable activities Food Clothing and shoes Gifts and donations Health Education Summer camp Travel Administration Sundries Salaries Other payments Bank charges Legal fees Accountancy Foreign exchange loss Loan repayments Total payments Net receipts/(payments) Cash funds at 6 April 2023 Cash funds at 5 April 2024 ASSETS AND LIABILITIES Cash funds Bank balance in Chile Liabilities Short term loans Net (liabilities) /assets |
2024 £ 27,691 1,851 29,542 8,644 2,521 143 - - 3,783 555 3,080 2,165 6,142 27,033 33 - - - 33 1,851 28,917 625 1 - 624 624 (1,516) £(892) |
2023 £ 23,073 2,738 |
|---|---|---|
| 25,811 | ||
| 8,091 2,855 - 10 - 3,864 450 798 267 5,855 |
||
| 22,190 | ||
| 38 - - 2 |
||
| 40 | ||
| 4,510 | ||
| 26,740 | ||
| (929) 928 |
||
| (£1) | ||
| (1) (1,540) |
||
| £(1,541) |
Notes:
-
There were no restricted or endowment funds
-
The trustees received no remuneration during the year (2023: Nil)
-
Chilean pesos have been converted into Sterling at an average rate for the year of CL$1,080.73 = £1 (2023: CL$1,064.25 = £1)
-
Provision for accountancy not made in the statement
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Children of Lota Chaiitable Trust On accounts for the year ended April 2024 Charity no (if any) 1081372 Set out on pages 1.2.3&4 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for Ihe year ended 0510412024. Responsibilities and As the charity trustees of the Trust, you are spOnSible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Acl°}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were nol kept in accordance with seclion 130 of the Act or the accounts do not accoid with the accounting records Independent examinerfs statement I have no concerns and have come across no olher matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete tbe words in the brackets if they do not apply. Signed: Date: 0510212025 Name: Teren Elliott Relevant professional qualification(s) or body (if any): nla Address: 5 Conrad Close Gillingham ME8 9SD Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidan for examiners). IER October 2018
Give here brief details of any items that the examiner wishes to disclose. IER October 2018