Chair report to members at AGM, 2021
Sarah-Jane Davies told members that she was in regular contact with colleagues in Nepal and also regularly read the Kathmandu Post.
In Nepal during the past year there had been 11,400 deaths from Covid and there were currently 9,123 active cases. Social distancing was being practiced during the festival periods. Schools and shops were gradually reopening and tourism businesses were slowly starting to become active again. A vaccination programme had been rolled out. None of the children that NCT support had been affected by Covid. There had been no trustee visits during the last year but our chair has had regular virtual meetings with all the agencies we support.
ADSON (Ability Development Society of Nepal)
The students we support were accessing their learning courses virtually and we have set up a contingency fund for any emergency support needed. We continue to liaise with Rob Rose through his charity TRIFC (The Rose International Fund for Children) also a member of this group with links to DNC and other children's facilities in Kathmandu. We were keen to explore the possibilities of a new contact with the children’s hospital.
Sarah-Jane outlined the new Nepalese Government policy concerning children’s homes which were no longer encouraged to be residential but centres for rehabilitation. Disabled children were encouraged to live with relatives or guardians rather than in homes. Currently there are 9 children at DNC and NCT is reviewing their role in supporting DNC. In the future, DNC can expect to receive regular referrals for rehabilitation from HRDC (the children’s hospital).
SERC ( Special Education and Rehabilitation Centre for Children)
SERC has remained open during the Covid pandemic providing day care. They experienced severe problems when the local river burst its banks following a monsoon (60cms of water). Their administration offices had been badly flooded and a number of items including bedding from the girls dormitories had to be thrown away. Further development plans have been put on hold. The SERC village was safe and the farm had had a very good year from the point of view of their livestock and crops. The new building was well underway and the physio/rehabilitation centre was 2/3 complete.
Autism care
This charity raises awareness of autism in Nepal particularly in schools and universities. NCT are keen to support them and are waiting to hear more about their needs before making firm commitments.
SIRC (Spinal Injuries Rehabilitation Centre)
Following a visit from our Trustee John Harvey, who was impressed by their work, NCT are exploring ways that they can support their work.
-33 . {Osts (see 2 bekTaTI GrftA E*nts I NOVEMBER2021 lof2
Charity number.. 1181316 NEPALI CHILDREN'S TRUST CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ? Blshop Flemlng
NEPALI CHILDREN'S TRUST CIO CONTENTS Page Reference and Administratlvg Detalls of the Trust, Its Trustees and Advlsers Trustees. Report Independent Examiner's Report Statement of Financial Activltles Balance Sheet Notes to the Financial Statements 8-11
NEPAU CHILDREN'S TRUST CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Mrs S J Davies. Chair Mrs M Whitmore Iresi9ned 12 November 2020) Ms D Bunyan Mrs A You Mr G James Dr J Harvey MrJ Wyld Mrs M Cooper Mrs M Thomas Mr J Jacob Ms C Wilcox (appointed 23 July 20201 Charity registered numb&r 1181316 Principal office PO Box 121 Kings Weston Bristol BS111AG Accountants Bishop Fleming LLP Chartered Accounlanls 10 Temple Back Bristol BS1 6FL Bankgrs HSBC Bank PLC 8 Canada Square London E14 5HQ Page 1
NEPALI CHILDREN'S TRUST CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual report together wrth the financial statements of the Nepali Children's Trust CIO for the 1 April 2020 to 31 March 2021. The Nepali Children's Trust Association I the Association'l was f0md in 2005. In December 2018 The Nepali Children's Trust CIO ('Ihe Trusl'l was formed lo be the successor body to the Association and effective from the 31 March 2019 the whole of the business, undertakin9 and assets of the Association were transferred lo the Trust when the Association aSed lo carry on business. For all purposes the Trust has been the successor charity to the Association as from 31 March 2019. Objective$ and actlvltles a. Pollcles and objectlves The principal object of the Trust is for the relief of poverty, hardship and distress and the advancement of education among children and young people in Nepal, in particular, bul not exclusivety. such persons with a disability by such means as the Iruslees may from time to time determine. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charty Commission relating to public benefrt. including the guidance 'Publi¢ benefit.. running a ¢h8rity IPB21'. Achievements and performance . Review of activities Over the last year, Nepal has been severely affected by the global pandemie Caused by the CoMd-19 Mrus. There have been a series of local and national lockdowns, which have brought most regular activities lo a halt. Though subsistence farming has remained al the heart of the country's economic mechanism, tourism, which historically provided the country's principle source of incomg, has all bul disappgared and the economy has begn decimated. Trustees remain in close communicallon wlth the prfnclpal recSpients of our funding and along wlh our regular commitments have sel up emergency fur5ds to be accessed by Ih05e most in need. Since the formation of the Association in 2005. trustees and their supporters have raised in excess of £735,000 to fund purchase of land and conslnjction of a new building for DNC and lo encompass other projects for similar organizations. 11 is understood that most of the children al ONC retumed to their villages since lockdown began and will remain there until the schools and other government buildings reaopen. Others, with no familie5 to support them. have remained al DNC wrth a small staff. We continue to provide funds for educatson. healthcare, including specialist therapists and day-to4ay expenses for children al DNC as requested. Those with complex needs have been supported lo attend the specialist residential school al the SERC centre. We have previously provided grants to SERC lo assist with location and building of a new school and hostel, in addition helping them lo secure land for an additional project lo provide a sustainable long-lerm community. Currently building works to provide addbtional accommodation there and at the school have been put on hold. SERC continues to offer day therapy serVIS and residential Sheer lo those of their children most in need during Itxkdown. We continue to support the Ability Development Society of Nepal IADSONI in conjundion with the Rose International Fund for Children ITRIFCI to provide sponsorship to older students lo access further education and vocational training once they have left mainstream education. Page 2
NEPALI CHILDREN'S TRUST CIO TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achlevements and performance (CONTINUED) During the pandemic we established a 'relief fund, for those young people stranded away from their families, with no means of support. These young people have been able lo apply for funds via the ADSON office. The trustees support the Autism ca Nepal organyzalion wf(h funding for support workers and leaching staff for a period of three years. which ends this year and is predicted to be extended. This allows some of ACN'S existing funds lo develop their outreach service to assist teachers and families in far-flung locations by providing face lo face I when il once again becomes possible) and to develop their virtual training resources. b. Investmgnt policy and performancg Trustees are commilled to ensuring that all funds under their eontrol are managed in such a way as to maximise return whilst minimising risk. Any cash not required for operating expenses is placed on deposit at the most favourable rate availabb from provider5 covered by the Financial Servi¢os Compensation Scheme. Financial review . Golng ¢oncer4) After making appropriate enquiries, the TrLkslees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the 90ing concern basis in preparing the financial slalements. Further details regarding the adOn of the going concern basis can be found in the aecountsng policies. b. Reserves policy The trustees have a Iwofold reserves policy with £5,000 sel aside to meèt UK based operating costs with a further reserve of £55,000 as a contingency to meet emergency funding. COVID has had a massive impact in Nepal and we have received requests for emergency funds to help ex students to wver basic items such 85 rent and food. COVID has also affeded the abilty of the charity lo raise charitable funds from events, on the scale that had been achieved pre£OVID limes. . Financial revlew Total income for the year was £36,251. Total expenditure for the yeaT was £37,765. A net def11 of £1,514 was recorded. Structurei governance and management a. Constttution Nepali Children's Trust CIO is a registered charity, number 1181316, and is consliluled under a Charity Incorporated Organisation Conslilulion. b. Methods of appointment or election of Trustees The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the tems of the Charity Incorporated Organisalion Constitution. New trustees are appointed followng a rigorous assessment process sublect lo confirmation by the membership al the Annual General Meeting. Page 3
NEPALI CHILDREN'S TRUST CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 srATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law 2nd United Kingdom AccounJng Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales require5 the Trustees to prepare financial 5tateFnenls for each financial which give a true and fair view of the state of affairs of the Trust and of ils incoming resources and applicatiDn c>f resour¢es. including its income and expenditure, for that period. In weparing these financial slalements, the Trustees are reqvired to". select suilable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP IFRS 1021., make judgrnenls and accounting eslim8les that are reasonable and prudent.. state whether applicable UK Accounting Slalldards IFRS 1021 have been followed. subject lo any malen31 departures disclosed 8iid expl8ined in the firEancial statements., prepare tlie financial staternenls on the going concern basis unless it is inappropriate to presume that the Trust will continue In business. The Trustees are responsible for keeping adequate accounting records that are suffiaent to show and exFlain the Trust's transactions and disdose with reasonable 8CCLsracy al any time the financial p0511ion DI the Trust and enable them to ensure that the financial statements comply with the Chaflties Act 2011. the Ch81ily (Accounts and Reports) Regul8tions 2008 and the provisions ol the Trust deed. They are 3150 respon51ble for Safeguarding the asseis of the Trust and hence for taking reasonable step5 for the prevention and detection ol fraud and other Approved by order of the members of the board of Trustees on and igned on their behalf by.. )Lli MrsSJD3 Trusleel Chair
NEPALI CHILDREN'S TRUST CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEPAU CHILDREN'S TRUSTCIO I'the Tru8VI l Teport lo the charity Trustees on my examination of the accounts of the Trust for the year ended 31 March 2021. RESPONSIBIUTIES AND BASIS OF REPORT As the Trustees of the Trust you are responsible for the preparation of the accounts in a¢COrdan wf(h the requirements of the Charities Act 20111'lhe 2011 Acl'l. I report in respect of my examination of the Trust's accounts carried c4Jl under section 145 of the 2011 Act and in earrying out my examination I have followed the applicable Diredions given by the Charity Commission under section 145lSllbl of the 2011 ACL INDEPENDENT EXAMINER'S STATEMENT Your attention is drawn to the fact th81 the Trust has prepared the accounts in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard appIlble in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by ChaTlties.' Slalement of Recommended Practice issued on 1 April 2005 whh is referred lo in the extsnt regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair vw in accordance with the Generally Accepted Accounting Practice effective for reporting pgriods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection wf(h the examination giving me cause lo believe that in any material respect". accounting records were not kept in resped of the Trust as required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charf(ies (Aceounls and Reports) Regulations 2008 other than any requirernent that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no COnM$ and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely lo the Trust's Trustees. as a body, in acCoance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. My work has been undertaken $0 that I might slate lo the Trust's Trustees those matters l am required lo slate to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the Trust's Trustees a body. for my work or for this report. Signed: Joe Scaife FCA DChA Dated.. BISHOP FLEMING LLP Chartered Accounlanls 10 Temple Back Bristol BS16FL Page S
NEPALI CHILDREN'S TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds 2021 Totsl funds 2021 Total funds 2020 Note Income from: Donations and legacies Other trading activities 36.251 36,251 168.716 8.248 Total incom& Expenditure on- Raising funds Charitable activities 36,251 36,251 176,964 1.510 78,052 37,765 37,765 Total expenditure 37,765 37,765 79,582 Net movement in funds Reconciliation of funds.. Total funds brought forward Net movement in funds {1,5141 11,5141 97,402 97,402 {1,514} 97,402 11.5141 97,402 95,888 95,888 97,402 Total funds carriod forward The Slalemenl of Financial Activities includes all gains and bsses recognised in the year. The notes on pages 8 to 11 fom part of these financial stalemenls. Page 6
NEPALI CHILDREN'S TRUST CIO BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Current assets Debtors Cash al bank and in hand 5,437 91,551 81.906 96,98B 98,502 Creditors.. amounts falling due within one year 11,1001 11,1001 Net current assets 95,888 97,402 Total assets less current Ilabilities 95,888 97,402 Net assets excluding pension asset 95,888 97,402 Total net assets 95,888 97,402 Charity funds Restricted fund5 Unrestricled lunds 95,888 97.402 Total funds 95.888 97.402 The financial slaternen15 were approved and authorised lor Issue by the Trustees on 2 3 -soKvtrvKfw and signed on their behalf by.. MrsSJD The notes on pages 8 to 11 form part of these financi81 statements. Pago 7
NEPAU CHILDREN'S TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL INFORMATION Nepali Children's Trust CIO is a charity rogislered in England and Wales. The charity number is 1181316 and address of the registered office is PO Box 121, Kings Weston, Bristol, BS11 1AG. ACCOUNTING POUCIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Pracli¢e 8ppli¢able lo charities preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Ad 2011. The financial statements have been prepared lo give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue and fairf view. This departure has invoFved following the Charities SORP IFRS 102} published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Nepali Children's Trust CIO meet5 the definition of a public benefit entity under FRS 102. Assets and liabilities are inrtially recognised at historical cost or transaction value unless olherw¢se staled in the relevant accounting policy. 2.2 GOING CONCERN Although there are nel current assets of £95,888 al the Balance Sheet dale the Trustees have carefully considered the recent COVID-19 events and has with these in mind considered the ability to continue a3 a going concem and believes this to be the appropriate basis on which to prepare the accounts 2.3 INCOME All income is recognised once the Trust has enlillemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillement, the probability of receipt and the abilty to estimate with sufficient accuracy the amount receivab. Evidence of enlitlemenl lo a legacy exists when the Trust has sufficient eviden that a gift has been left to them {through knowledge of the existence of a valid wll and the death of the benefaclorl and the executor is satisfied that the property in question will not be required to satisfy Claims in the estate. Receipt of legacy must be recognised when it is probable that it wll be received and tho fair value of the amount receivable. which will generally be the expected cash amount lo be distributed lo the Trust. can be reliably measured. 2A EXPENDITURE Expenditure is recognised once there Is a legal or conslruetive obligation to transfer economic benefit to a third party. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs allributable lo a single activity are allocated direclty to that activity. Shared costs which conliibute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation ¢harges allocated on the portion of the asset's use. Page 8
NEPALI CHILOREN'S TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontinuedl 2.4 EXPENDITURE ICONTINUEDI Expenditure on raising funds includes all expenditure incurred by the Trust to raise funds for ils charitable purposes and includes costs of all fijndraising activities events 8nd non-charilable trading. Expenditure on charkable aclmlles is Incurred on directly undertaking the activities which further the Trust's objectives, as well as any associated support costs. 2.5 DEBTORS Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.6 CASH AT BANKAND IN HAND Cash al bank and in hand includes cash and short4emi highly liquid investments with a short malurty of threè months or less from the date of acquisition or opening of the deposit or similar account. 2.7 LIABIUTIES AND PROVISIONS Liabilities are recognised when there is an obligation al the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement. and the amount of the settlernent can be estimated reliably. Liabilities are recognised al the amount that the Trust anticipates il will pay lo settle the debt or the amount it has received as advanced payments for thg goods or services it musl provide. Provisions a measured 81 the best estimate of the amunls reqUId lo settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted at the pre-tax discount rale that reflects the risks specific lo the liability. The unwnding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.8 FINANCIAL INSTRUMENTS The Trust only has financial assets and financial liabilities of a kind that qualrfy as basic financial inslrumenls. Basic financi81 instruments are initially recognised at transaction value and subsequently measured al their Settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.9 FUND ACCOUNTING General funds are unrestricted funds which are available for use at the discretion ol the TTuslees in furtherance of the general objectives of the Trust and which have not been de51gnated for other purposes. Page 9
NEPALI CHILDREN'S TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM DONATIONS AND LEGACIES Unrestrlcled funds 2021 Total funds 2021 Total funds 2020 Donations 32,251 4.000 32.251 4.000 50.772 Legacies Funds transferred from the Nepali Children's Twsl 117.944 36,251 36,251 168.716 TOTAL 2020 168.716 168,716 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Activities undertaken directly 2021 Other funding of activities 2021 Support costs 2021 Total funds 2021 Total funds 2020 Charrtable activities 33,045 1,618 3.102 37.765 78,052 TOTAL 2020 71,117 1.519 5,416 78,052 INDEPENDENT EXAMINER'S REMUNERATION 2021 2020 Fees payable lo the Trust's independent examiner for the independent examination of the Trust's annual accounts 1.100 1,100 TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefits (2020 - £NIL). During the period ended 31 March 2021, expenses tolalling £nil12020 - £2.5301 were 1mbUr5ed or paid directly to 1 Trustee. These reimbursements are principally for costs associated with travel, accommodation and other proper expenses on the part of the Chair visiting the Trusys beneficiaries in Nepal. Page 10
NEPALI CHILDREN'S TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 DEBTORS 2021 2020 DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 5.032 405 16,191 405 5.437 16,596 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Accruals and deferred income 1.100 1.100 Page11
- Going Concem We believe that the charity's financial statements should be prepared on a gojng concern basis the grounds that current and future source5 01 funding or support will be rtlore th311 adequate for the charity's needs. We have con51dered a period of twelve months from the date of approval ol the financial statements. We have also considered the adequacy of the disclosures in the financial sialernents relating to going concern and are satisfied that no further disclosures are required re131ins to the charity's ability lo continue a5 a going cDncern are iequired in order lo give a true and f8ir view. We believe that no further disclosure5 relating to the charity's ability to continue a5 going concern need lo be made in the financial ststements.
- Accounting Estimate5 Significant assumptions used by us In making accounting estimates, including those nieasured at fair value are reasonable.
- Subsequent events All events subsequent to the dale of the financial statemen15 wh5ch require 8djustmenl or disdosure have been property accounted for and disclosed. We acknowledge our legal responsibililies regarding disclosure ol information to you and confirm that so lar as we are aware. there is no relevant Information needed by you in Connectio with preparing your report of which you are unaware. Ea¢h Irustee has taken all the step5 that he ought to have taken ès a trustee in order to make themself aware of any relevant Information and to establish that you are aware of that information. A5 minut2d by the board of trustees at ils meeting on Yours faithfully Signed on be If of the board of Iruslees