## **Trustees' Annual Report for the period**
||Period start date|Period start date|||Period end date||
|---|---|---|---|---|---|---|
|**From**|01|July|2023|**To**|30
June|2024|
## Section A Reference and administration details
**Charity name Other names charity is known by** CAN **Registered charity number (if any)** 1097447
CHILD ACTION NEPAL
Child Action Nepal
PO Box: 39676
London **Postcode W2 6YP**
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Florence Krief|Chair||Florence Krief|
||Simon Yun-Farmbrough|Treasurer||Simon Yun Farmbrough|
||Colleen Baldwin|Trustee|||
||Franco Mancini|Trustee|||
||Laure Morsy|Trustee|||
||Loretta Lam|Trustee|||
||||||
||||||
||||||
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of adviser**
**Name**
**Address**
**Independent Examiner**
Ian Stewart Nelson
9, Vincent Road, Stoke d’Abernon,
Cobham, Surrey KT11 3JA
**Bank**
CAF Bank Ltd
King’s Hill, West Malling, Kent ME19 4TA|||
||Ian Stewart Nelson|9, Vincent Road, Stoke d’Abernon,
Cobham, Surrey KT11 3JA|
||CAF Bank Ltd|King’s Hill, West Malling, Kent ME19 4TA|
||||
||||
## **Name of chief executive or names of senior staff members (Optional information)**
**TAR**
March **2012**
1
**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Trust deed
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustee selection methods
Appointed by Chair and Treasurer
(eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- All our volunteers have to complete a form, provide their CV and two reference letters and are interviewed thoroughly by the Trustees. Volunteers resident in the UK have to go through a “Care Check”
- Our Child Protection Policy has to be read and signed by all volunteers before going to our project in Nepal
- Trustee indemnity and liability insurance cover
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
**Summary of the objects of the charity set out in its governing document**
To relieve the poverty and advance the education of orphans in Nepal, in particular but not exclusively, those of the LBU orphanage situated in the Kathmandu Valley, by provision of facilities and financial assistance.
**TAR**
March **2012**
2
Child Action Nepal was set up in 2003 after one of its Trustees established an orphanage (LBU) in Kathmandu in 2002. Our first home had 10 boys and 10 girls and reached its full capacity. Therefore, we opened a second home in 2009 to welcome 20 more children who have lost their parents and were at risk of becoming servants, prostitutes or street children. Managing two houses became very difficult as it is hard to find good staff and we thought we could not spend as much time with each child individually, which is what makes CAN’s approach so special. Therefore, as some of our children leave LBU after securing a job and a lodging, we are back to having one house and 20 children again. That way we can really create a family atmosphere and make the children feel like any other children.
In determining our programme each year, we have regard to both the Charity Commission’s general guidance on public benefit and the prevention and relief of poverty for the public benefit. The Trustees always ensure that the programmes we undertake are in line with our charitable objects and aims.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
Child Action Nepal, through one of its Trustees, establishes orphanages in Nepal and, to ensure that each orphan receives the maximum care and attention, we limit our homes to a maximum of 20 children. The activities currently carried out for the public benefit by the charity include:
- **Education** : the Children go to one of the best schools in Kathmandu. Once they have reached the equivalent of GCSE level, the Charity keeps on supporting the children through vocational training, college or university, depending on their ability.
- **Healthcare** : the children and local staff’s healthcare costs are entirely covered by the Charity. In addition to on-going treatment for some of the children, we organise visits to the dentist and the ophthalmologist at least once a year for everybody. We also have the children and staff vaccinated
- **Cultural** : We regularly organise visits to exhibitions as well as trips so that the children have a good knowledge of their country. In addition, the children are brought up according to Nepalese customs and celebrating the main festivals. That way we prepare them to become well-integrated citizens of Nepal.
We select the children who need the most help, i.e. the ones who have the poorest background, have lost one or both of their parents and are the most at risk of ending up as street children, servants or prostitutes because their extended family cannot support them.
We employ local staff supervised by a local committee, which ensures that we pay “local prices” for all our expenses.
In addition to school education, we educate the children to be selfsufficient and, during their vacations, to take care of their clothes and shoes, and help with the cooking and cleaning of the house.
Our Trustees are unpaid and personally finance some of the charity’s ongoing expenses so that CAN has only minimal expenditure in the UK and all donations are used directly for the benefit of the Children.
**TAR**
March **2012**
3
**Additional details of objectives and activities (Optional information)** You **may choose** to include • further statements, where relevant, about: •
- We support only orphanages established by one of our trustees
- Volunteers, mostly from the UK, go regularly to the orphanage to help the children in their studies. They have to be at least 18 years old and spend a minimum of one month at the orphanage
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
This year we focused on helping our children settle down in their new home and finding new schools nearby.
We still had some additional work in the house to secure water with the acquisition of new water pumps and new wiring and plumbing expenses. We have also added two new members of the local Working Committee who were both brought up by us at LBU and want to give back.
The major event this year has been welcoming 5 new children aged between 7 and 11 years old. Two of them had lost their parents, one had lost his dad, been abandoned by his mum and left in the hands of relative who did not have the wealth or health to bring him up, and two had lost their dad and their mum, being very poor and an invalid, could not take care of them anymore. All the children are now schooled in the nearby Primary school. One of them had to have a small operation to remove a cyst in his lip and all of them were under weight and had some vitamin deficiencies but they are now all very healthy. One of our older children left LBU after finding a job as a waiter in Riyadh and another one is pursuing an internship in a restaurant in France.
In the UK, we have increased the number of monthly donations with additional child sponsors. We also have decided to open a sister charity (“Association”) on the continent, called Les Amis de Child Action Nepal, so that our European donors can benefit from their local tax advantage, decrease the costs of exchange rates and increase the number of donors on the continent.
In 2024-25, we will continue our efforts to increase our reserve, welcome two more children and organise more fund-raising events. We are also plan to increase the number of trustees
## **Section E Financial review**
CAN seeks to maintain reserves equivalent to six to twelve months of on- **Brief statement of the** going expenses. With the increase of education costs, our reserves are a **charity’s policy on reserves** below this level at the moment and we are working to rebuild them.
**Details of any funds materially in deficit**
**TAR**
March **2012**
4
## **Further financial review details (Optional information)**
- Principal sources of funds:
- You **may choose** to include - Direct individual donations
- additional information, where - Individuals performing sponsored challenges or events to raise
- relevant about: funds for CAN (London 10k, marathon, etc.)
- • the charity’s principal - Fundraising through websites such as Justgiving.com sources of funds (including - Sale of Christmas cards any fundraising); - Grant giving charities
- • how expenditure has Expenditure:
- supported the key objectives - CAN’s administrative expenses are mainly supported by the
- of the charity; trustees. However the cost of bank transfers to Nepal and
- • investment policy and insurance are supported by CAN objectives including any - CAN controls every month the expenses at the orphanage in Nepal ethical investment policy and one of our Trustees visits the orphanage around 3 times a year adopted. (at her own expense). Investment policy: - We have a conservative approach to investment.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||
Florence Krief|Simon Yun-Farmbrough|
||
Chair|Treasurer|
||6thOctober 2024||
||6thOctober 2024||
**TAR**
March **2012**
5
## **Annual Report**
|**Financial Position Year End**
**Available Balance b/f**
**Income**
Grants
Donations
Change In Provision for Trek
Trek expenditure
Tax Reclaimed
Interest
**Total Income**
**Expenditure:**
Transfer to Nepal
Training
General Project Exp
Info educ & publicity
Travel and subsistence
Capital Items
Fund raising expenses
Bank Charges
**Total**
**Income Less Expenditure**
Less Increase in Pension Provision
Plus Increase in Investments
**Total Funds Available**
**Assets**
Current Account
Trek Account
Shawbrook Account
M&G Charibond
CT Responsible Corp Bond Fund
IFSL CAF ESG Growth Fund
**Gross Funds**
Trek provision
Pension Provision
Uncleared Items
**Total Funds Available**|**30 Jun 2024**
**40,767.49**
0.00
50,501.08
0.00
0.00
3,706.25
425.51
**54,632.84**
78,110.00
0.00
1,145.43
0.00
0.00
0.00
597.00
422.00
**80,274.43**
**(25,641.59)**
(821.17)
1,323.61
**15,628.34**
4,248.86
0.00
0.00
11,379.48
3,035.76
4,636.99
**23,301.09**
0.00
(7,672.75)
0.00
**15,628.34**|
|---|---|
6th October 2024 …………………………………………………………………………… **Date** …………………………………………………………………………… **Chair** …………………………………………………………………… **Treasurer**
##
##
##
##
##
**----- Start of picture text -----**
Charity Name No (if any)
Child Action Nepal 1097447
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/07/2023 30/06/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 50,501 - - 50,501 47,864
Gift Aid Repaymenet 3,706 - - 3,706 4,699
Interest 426 - - 426 441
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
54,633 - - 54,633 53,004
AR)
A2 Asset and investment sales,
(see table).
- - - - -
- - - - -
Sub total - - - - -
Total receipts 54,633 - - 54,633 53,004
A3 Payments
Transfer to Nepal 78,110 - - 78,110 64,400
Fund raising expenses 597 - - 597 4,591
General Project Expenses 1,145 - - 1,145 847
Bank Charges 422 - - 422 380
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 80,274 ] - - 80,274 70,218
A4 Asset and investment
purchases, (see table)
- 502 - - - 502 1,887
- - - -
Sub total [- 502 ] - - - 502 1,887
Total payments 79,772 - - 79,772 72,105
Net of receipts/(payments) - 25,139 - - - 25,139 - 19,101
A5 Transfers between funds - - - - -
A6 Cash funds last year end 40,767 - - 40,767 59,868
Cash funds this year end 15,628 - - 15,628 40,767
**----- End of picture text -----**
|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
Current Account
M&G Charibond
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
House Manager Pension Fund
**Details**
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**4,249**
**-**
**11,379**
**-**
**-**
**-**
**15,628**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**7,673**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
**Florence Krief**
**Simon Yun-Farmbrough**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
**05-Oct-24**
**05-Oct-24**|