2025-04-30-accounts - The Snowdrop Foundation

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THE SNOWDROP FOUNDATION

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR 30 APRIL 2025

REGISTERED CHARITY NUMBER: 1093474

THE SNOWDROP FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 APRIL 2025

	Page
Report of the Trustees	2 to 5
Report of the Independent Examiner	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 to 11

THE SNOWDROP FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR TO 30 APRIL 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number: 1093474

Trustees: B Rebbettes S P Rebbettes D T Rebbettes S R Rebbettes Registered Office: C/O BCMS Kingsbrook House Kingsclere Park Kingsclere Newbury RG20 4SW Bankers: Metro Bank Chiswick House Unit 1 Festival Way Basingstoke Hampshire RG21 7LD

THE SNOWDROP FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR TO 30 APRIL 2025

The trustees present their report with the financial statements of the charity for the year ended 30 April 2025.

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.

CONSTITUTION

The trust is governed by a Declaration of Trust dated 20 June 2002 and was entered on the Central Registered of Charities with effect from 24 July 2002.

OBJECTIVES AND ACTIVITIES

(including objectives and aims for the public benefit)

The principal activity of the Trust was to collect donations for the relief of poverty distress or suffering by appropriate assistance in any part of the world and in particular by the provision of aid to the needy in the United Kingdom, India, and Africa.

Whether victims of:

a) Breaches of human rights
b) Any public calamity
c) War or civil disturbance
d) The immediate or continuing effects of lack of natural or other resources or
e) Any other cause of poverty, distress or suffering

Also the promotion and advancement of the Christian religion in any part of the world and in particular in the United Kingdom, India, and Africa.

In setting these objectives, the trustees have had due regard to public benefit guidance published by the Charity Commission, in accordance with their duty under section 17 of the Charities Act 2011.

Achievements and performance

The main activities of the Trust are to:

1) Support widows in Kakinada, India.
2) Support orphans and the poor in Bangalore and Kakinada, India.
3) Support the running of a school in Kakinada, India, which includes teachers’ salaries, books, buildings maintenance, operation of school buses, etc.
4) Provide medical day clinics to villages in India.
5) Support The Safe in Basingstoke which provides support to struggling parents and families, and also to those with children who self-harm.
6) Support refugees and persecuted individuals and families in Israel.
7) Support Good News for Everyone in Basingstoke with tools and equipment to enable Christian outreach in the local community.

All the above activities have been achieved.

THE SNOWDROP FOUNDATION

REPORT OF THE TRUSTEES FOR THE PERIOD YEAR TO 30 APRIL 2025

Opportunities and challenges for the future

This year has seen relatively few challenges for the Trust, with stability within the donor base and their contributions. Some donors have generously increased their donations, which has allowed the Trust to provide more funding for projects in support of those in need. Specifically, the Trust has been able to support the purchase of a new bus for a school in India, meaning that more children in poor, rural communities can access education. Additionally, the trust has funded additional medical support for poor rural communities in India, and also supported more poor and suffering families financially and with gifts to ease their difficulties.

The economic climate remains somewhat uncertain, despite this, exchange rates for the majority of the trusts overseas transactions have moved favourably, meaning the grant money sent overseas can be stretched slightly further. The Trustees do not expect the future to bring a significant challenge with regards to donations or costs to support those in need. In spite of any future challenges, the Trust is committed to continuing support for charitable activities in India and the UK. The Trust also endeavours to support other causes, where it can, to help relieve distress, suffering and poverty.

FINANCIAL REVIEW

The Statement of Financial Activities is described on page 7.

Financial Support

The Snowdrop Foundation (“the Charity”) benefits from the generous support of various donors. During the year to 30 April 2025 the charity received £154,766 (2024: £116,620) from the donors.

The charity does not make use of financial instruments.

Public Benefit Reporting

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policy.

Reserves policy

The charity is funded with an expectation to spend all public funds which are received, and therefore has a policy not to maintain excessive reserves. The level of reserves held is monitored regularly by the board of trustees to ensure that sufficient funds are available to meet the charity’s liabilities and obligations as they fall due.

However, the charity needs to maintain a certain level of reserves to facilitate day-to-day operations. At 30[th] April 2025 the charity held reserves of £29,248. The trustees consider this to be an adequate level of reserves.

THE SNOWDROP FOUNDATION

REPORT OF THE TRUSTEES FOR THE PERIOD YEAR TO 30 APRIL 2025

Risk management

The main risk for the organisation is a reduction in donations being received due to economic uncertainty. The trust has seen an increase in donations since last year, and so the trustees don’t consider to be a major risk at present.

Another risk for the organisation is the fluctuating value of Sterling. However, the trust does not believe this is a significant risk to donations or costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document (trust deed), adopted on 8 August 2001.

Recruitment and appointment of trustees

The Chairman and the Board of Trustees were selected for appointment on merit, through a fair and open recruitment process.

Trustee induction

All new Trustees receive various documents detailing the legal obligations of Trustees, alongside the Articles of Association, key policy and governance documents and details of the organisational structure.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

THE SNOWDROP FOUNDATION

REPORT OF THE TRUSTEES FOR THE PERIOD YEAR TO 30 APRIL 2025

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as each of the Trustees is aware:

there is no relevant information of which the charity’s independent examiners are unaware; and
• the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiners are aware of that information

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report for 2025 was approved by the Board of Trustees on 25[th] February 2026 and signed on their behalf by:

……………………………..

S Rebbettes Trustee

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE SNOWDROP FOUNDATION

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2025 which are set out on pages 7 to 11.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or 2. the accounts do not accord with those records;

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.

shy

…………………………….

Ben Leach ACA

Ben Leach Associates Limited 9 Shiregreen Lane Sheffield S5 6AA

25/02/2026

THE SNOWDROP FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR TO 30 APRIL 2025

Notes INCOME Donations and Legacies Gift Aid 2 Grants Total income EXPENDITURE 3 Charitable activities Other resources expended Total expenditure Net movement of resources Reconciliation of funds: Transfers between funds Total funds brought forward Total funds carried forward	2025 Unrestricted funds £ 114,836 12,171 500 127,507 120,600 - 120,600 6,907 (3,600) 14,472 17,779	2025 Restricted funds £ 24,141 3,118 - 27,259 24,646 - 24,646 2,613 3,600 5,256 11,469	2025 Total funds £ 138,977 15,289 500 154,766 145,246 - 145,246 9,520 - 19,728 29,248	2024 Total funds £ 109,822 6,298 500
				116,620
				126,166 -
				126,166
				(9,546) - 29,274
				19,728

CONTINUING OPERATIONS

All incoming resources and resources expended arise from continuing activities.

There were no gains or losses for the year other than those recognised in the statement of financial activities.

THE SNOWDROP FOUNDATION

BALANCE SHEET AT 30 APRIL 2025

		2025	2025	2025	2024
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	funds	funds
		£	£	£	£
CURRENT ASSETS
Cash at Bank and in hand		17,779	11,469	29,248	19,728
NET CURRENT ASSETS		17,779	11,469	29,248	19,728
TOTAL ASSETS LESS
CURRENT LIABILITIES		17,779	11,469	29,248	19,728
NET ASSETS		17,779	11,469	29,248	19,728
FUNDS	5
General Unrestricted Funds		17,779	-	17,779	14,472
Restricted Income Funds		-	11,469	11,469	5,256
TOTAL FUNDS		17,779	11,469	29,248	19,728

The financial statements were approved by the Board of Trustees on 25[th] February 2026 and were signed on its behalf by:

……………………………..

S Rebbettes Trustee

Charity number: 1093474

THE SNOWDROP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 APRIL 2025

1. ACCOUNTING POLICIES

General Information

The Snowdrop Foundation is a charity registered in England and Wales. The registered and principal office is disclosed on page 1.

Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitable SORP (FRS102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, 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 on a going concern basis and under the historic cost convention. The financial statements are prepared in sterling which is the functional currency of the charity.

Going Concern

After reviewing the charity’s forecasts and projections and taking into account the economic conditions, the trustees have reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

The principal accounting policies for the charity are set out below:

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy, and are recognised in the period to which they relate.

Grant income, whether “capital” or “revenue” grants, is recognised when the charity has entitlement to the funds, any performance conditions are attached to grants have been met, it is probable that the income will be received, and the amount can be measured reliably.

Resources expended

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 settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to applicable expenditure headings.

Fund accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

Restricted funds include designated funds where donations are given on the condition that the donation is used for a specific purpose.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with an original maturity date of three months or less.

Cash Flow Statement

The charity is exempt from presenting a cash flow statement, as it qualifies as a small charity under the SORP.

THE SNOWDROP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR TO 30 APRIL 2025

2. DONATIONS AND LEGACIES

Donations from individuals Donations from organisations 3. CHARITABLE EXPENDITURE Notes Grant expenditure 6 Other resources expended	2025 £ 77,060 61,917 138,977 2025 £ 145,246 - 145,246	2024 £ 40,181 69,641
		109,822
		2024 £ 126,166 -
		126,166

4. TRUSTEES REMUNERATION AND EXPENSES

No trustees received any remuneration, benefits or other payments from the charity during the period.

5. MOVEMENT IN FUNDS

Unrestricted Funds General Funds Restricted Funds Restricted Income Funds TOTAL FUNDS	At 1 May 2024 £ 14,472 5,256 19,728	Income £ 127,507 27,259 154,766	Expenditure £ (120,600) (24,646) (145,246)	Transfers £ (3,600) 3,600 -	At 30 April 2025 £ 17,779 11,469
					29,248

THE SNOWDROP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR TO 30 APRIL 2025

6. GRANT EXPENDITURE

6. GRANT EXPENDITURE
India: Individuals caring for the poor in Bengaluru India: Charitable Org supporting the poor in Andhra Pradesh UK: The Safe in Basingstoke UK: Good News for Everyone UK: Supporting education through local schools Israel: Charitable Org supporting the persecuted Other individuals and organisations	2025 £ 2,400 107,900 6,000 2,500 500 21,300 4,646 145,246	2024 £ 3,100 69,650 14,000 2,000 13,000 20,120 4,296
		126,166

7. CONTROLLING PARTY

The trustees consider that there is no individual controlling party.

8. RELATED PARTY TRANSACTIONS

The total amount of donations received without conditions from trustees or other related parties was £110,250 (2024 - £83,933).