ST GEORGE FOUNDATION LIMITED
REPORT AM) FINANCIAL STATEMENrs
31 MARCH 2023
Registered Charity
Charity Number 1118871
A Company Limited by Guarantee
Company Registration Number 05775263

ST GEORGE FOUNDATION LIMITED
REPORT AND FINANCIAL STATEMENTS
Contents
Page
Reference and administrativ¢ details
R¢port of the board of trustees and directors
Report of Independent Examiner
Statement of fjnancial activities
Balance Sheet
Notes to the ￿O￿llts
10-13

ST GEORGE FOUNDATION LIMITED
Refereo¢e and Administration
Registered Charity:
Charity Number 1118871
A Company limited by guarantee:
Company Registration Number 05775263
Principal Address:
Drovers
Chapel Road
Swanmore
Southampton
S032 2QB
Registered Office:
Drovers
Chapel Road
Swanmore
Southampton
S032 2QB
The ch&ity is incorporated in England & Wales
Telephone".
01489 893114
Website:
www.stgeorgefoundation.org.uk
Principal Bankers:
Barclays Bank
Patron:
The Countess Clarendon
Trusfre Directors:
The directors of the company in office durino the year
and up to the date of this report, who are the tn￿t¢¢S
for the puryoses of charity law were:
Richard CJreen-Wilkinson
David Hedges
Patrick Jol
Founder and CEO:
Philip Dean

Re ort of the
oard of TTh￿ and Directors for the
endin 31 March 2023
The TTUStees present their report and the f]nancial statements for the period to 31 March
2023.
Refmce and administrative ir)formation set out on page I fornis part of this report-
trllctu￿ Governance and Man
ement
Constitutton ¢Md GoverntngDocupnepts
St George Foundation is a wmpany Jimited by guarantee and is a registered Ch￿lty. It was
incoTrorated in April 2006 aud comtnenced activities frotll l May 2006. Up to the end of
April 2006. the work of St George Foundation was caThied out as a restricted fund of Jacobs
W¢ll Care Centre, a registered charity. Members of the charity guaranteed to contribute an
amount not exceeding £10 to the assets of the ¢1￿]ty in the event of winding up. The totsl
numE¢r of such guardlltees at 31 March 2022 was 3. The trustees are members of the
charity but this entitles them only to votillg rights. The ttwtees have beneficial interest
in the charity.
The ooverning documents ar¢ the company's Memorandum and Articles of Associatio
These detsil the object of the ¢harity, which is:
(i)
To Teliev¢ poverty alld sickuess and advance educatio￿ in particular, but not
exclusively, 8mongst homeless children and young peopl¢ ill Sierra Leone.
Recruttment andAppoinfmexl of Trustees
When recruiting trustees. the organisation ensutts that the Board has a comprehensive mge
of skills needed in order to oversee the activities of the clwity.
Trustees elected for the first time must b¢ proposed by a ]nember. Members elect tnL8tees at
the Amiuai General Meeting. The B0￿d of Trustees must be thiee or more. In accordance
with the Articl¢s of Associatioo one-third of the trustees must retire by rotation at the
Annual General meeti￿ and call seek re-election.
OrgLmiSatTonaZStructure
The Board of Trustees is responsible for setting the overajl direction and policies of tbe
organisation and are&8 of responsibility are split between the trnstees.
The Chief Executive Officer is responsible to the Board for the implementation of policies
and decisions.
Ob"ectives
The Ch￿Ity'S objective is to raise fimds in the UK and provide those funds to St George
Foundation sLe￿a Leolle in filltherdn¢e of the charity's forn￿ objects to reliev¢ poverty

and sickness and advance education amongst homeless children and young people in Sie
Leone.
When planning the chaTity's activities for the y¢ar. the trustees have considered the Clwity
Cornmission's ouidance on publlc benefit.
Acbievements and Perfornwce
DurAng the period the charity has continued to provide fwids and support in order to rescue
children from the streets of Freetown in SieTh Leone. The total number res¢u¢d and
h¢lpcd now amounts to over 1,500 childraL The charity's approtich aims to prepare the
children for school and ￿tUre life. Activities at the centre ar¢ designed to boost children's
self-esteem, improve concentration, unite th¢m as a family and put street life behind them.
Singing, dancing, sporL simulated school and play-acting forni part of the intense
prograrnme.
Once a ehild eDrols at the charity centre in Sierra Leone, the Charity begins a reunification
process, looking to fmd and bring together the child with its natllral or extended family.
Most of the children rescued so far have been successfully reunited with families or looked
after by foster parents.
The tharity in Sierra Leone relocated to Grafton on the outskirts of Freetoww in 2007,
having renovated a site there.
There are opportunities to sponsor a child and help pay for their education, detsils of which
are contained on the website at www.stoeor
efoundation.or
SieTra Leone strugoled to contsin the Ebola outbr¢aK and in October 2014 it arrived on the
outskirts of Freet0￿￿. This resulted in a large TAumber of orphaned children b¢ing throwi
onto the streets, nwiy of whom have had Ebola and survived.
In November 2014 the charity in Sierya Leone started a prograrnme of taking in these
childre4 and took in over 300 such Children. The plan was to feed and clothe them, care for
the￿ and reunite them with other relations or f￿a and train foster par¢nts, and has been
successfully achieved.
The ch￿lty was asked by the government to look after the western n]Tat region of Siezra
Leone, educating the population about Ebola aud seeking to contain it in this area- a region
of many towns and villages, with a population of circa 250,000. Some &ssistance been
provided by UNICEF in the forni of tTansport.
Rescuing Ebola orpI￿lS was concluded in D¢¢embeT 2015, largely due to lack of funds.
The charity has ￿s0 Provided funds to help families of rescued street chtldren to start-up
businesses in Sierra Leone (the Small Business InAtiative), so thai they are abl¢ to fi￿d their
own childT¢n's education costs.
In Augllst 2017 there was consideTable flooding in Freetown, which lead to a large
andslide. causing many deaths and injuTies. The charity assist¢d in looking after survivors,
tsking in 20 children and 15 adults, and reuniting them with f8rnilies.

Uufortlll￿teIy, similar flooding Occu￿ed again in ?018. The ch￿lty helped about 100
displaced Childre￿ 50 of Mthom were brought temporarily into the CenlTe. They have now
all been reunited with famiIi¢s.
The Government took quick action when the first Covid 19 c&8e was discovered, and as a
consequence Sierra Leone h&s not suffeTed too badly. Th¢ C1￿]ty cut costs and reduced the
number of children at the Centre to 20.
In March 2021 there was a fire in FTeetown causing homeless childrn. The charity took in a
number of these childw providing food aud shelter, before reuniting them family
tnembers.
Dun-ng tbe year to 31° March 2021 the InterAuL Care Centre and land next door was
pur¢hase4 providing greater security for the charity for the future. As a consequence,
improvements are being trlade to the Centre buildings, incorporating offices and improved
accommodation.
Financial Review
Net Incoming Resources
Unrestiicted fi]nds show a deficit for tbe year of £9.641. This is largely due to the need to
Writs off loans to the vaIue of £10,540. However ther¢ has also been money well spent at
the Ceutre on new offices (£3,000), fencing and se¢urity (£3,600) and solar and battfflies
(£1,200).
The unrestricted fijnd income totallins £65,872 was down on the prevxous year's income of
£71,049, a reductiou of £5.177. UDrestricted fi]nd expenditure was up at £75.513, leaving
the deficit for the year. Restricted fi]lld illcome. totalled £3,412, with ¢xEKnditure of £4,048,
leaving a small d¢fi¢it of £636
Iherheadf LmdResenyes
The Board are con]mitted to mini￿sIng overheads in the UK. For the year the UK
ovetheads amouuted to £856, which was just over 10/0 of tot￿ expenditure. It is hoped that
sufficient general reserves will be retained to cover ongoing cosE but the Board's policy is
to expend sums raised as soon as possible iu achieving the clwity's objects.
Balance Sheet
The debtors include the 2022123 reftmd of £8,435, which has been received since the
yw end. The creditOTS include loans of £5.100, which likely to be fully I￿aid tbis year.
Plans for the Future
The number of cbildren at the Centre is expected to in¢r¢ase to 45 tbis year, and it is hoped
tbat the nutnbers will increase furtber ill 2024.

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.' Jts L4e'aLf Ji

ST GEORGE FOUNDATION LIMITED
INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF ST GEORGE
FOUNDATION LIMITED
FOR THE YEAR ENDED 31 MARCH 2023
We report to the clwity tn￿teeS on our examination of the aeeounts of the company for the year
ended 31 March 2023 which are set out on pages 8 to 13.
Responsibilities and basis of report
As the Charity tntstees of the company (aud also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance ￿1th the requirements of the
Companies Act 2006 (the '2006, Act).
Having satisfied ourselves that the accounts of the company are not requir¢d to be audited under
Part 16 of the 2006 Act alld are eligibl¢ for independent examinatiofy we rq)ort in respect of our
examination of your company's accounts as carried out under section 145 of the Charities Act 2011
('the 2011 Act,). In carrying out our examination we have followed the directions given by the
Charity Commission under section 145(5)(b) of the 201 l Act.
Independent examiner's statement
We have completed our examination. We COnf￿M that no matters have come to our attention in
co]]nection with the examination gAving us caus¢ to believe that in any ll￿terial respect:
accounting records were not kept in respect of the company as required by section 386 of th¢
2006 Act; or
2. tbe accounts do not accord Th7th those records. or
3. the accounts do not comply with Ihe accounting Tequirements of section 396 of the 2006 Act
other than any requirements that the accounts give a 'true a[￿ fair view, which is not a tnatter
con8idered as part of an independent examination; or
4. the a¢wunts have not been prepared in accordance with the methods and PTinciple8 of the
Statement of Recommended Practice for awounting aJ]d reporting by Charities applicable to
charities prepaTing their accounts in accordance with the Financial Reporting Standard
applicable in the UK or Republic of Ireland (FRS 102).

ST GEORGE FOUfqDATION LIMtTED
li
INDEPEIYDENT EXAMINER'S REPORT TO IHE TRUSTEES OF ST GEORGE
FOt)ThDATION LIMITED (Continued)
FOR THE YEAR ENDED 31 MARCH 2023
We have no concerns alld have come across no other connection Mryth the examination to
wbich attention should be dtawll in this report in order to enable a proper understanding of the
accounts to be reached.
Mandatr & Co
Partnership House
84 Lodge Road
Soutlwnpton
Hampshire
S014 6RG
Date:

ST GEORGE FOUNDATION LIMITED
STATEMENT OF FINAIYCIAL ACTTrITIES
FOR THE YEAR ENDED 31 TrL4RCH 2023
21123
Totsl
2022
Totsl
Note8
Re5trict&l
Unrestrieted
IDcomin8 Resources
Voluntary Ju¢ome
A¢tivities for generating fill
IDvtstment Income
3,412
58,706
7.159
62,118
7.159
94,012
8,013
Total incoming resour¢es
3.412
65,872
69,284
102,028
Resources Expended
Costs of generating voluntary inci)me
Support for homeless children Andyoung
people iu Sierrd Leone
856
856
780
4,048
74,65Y
78.705
107,851
Total resouTces expended
4.048
75,513
79.561
108,631
Net ￿0ve￿ent in funds for the ye¥r
(636)
(9,641)
(10277)
(6,603)
Totsl funds at l April 21122
13.539
25,989
39,528
46,131
Balanee at 31 Marth 2023
io
12,903
16,348
29,251
39,528

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rriuTr¢Dt &%%ct
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j¥w￿J-￿jTr(
T￿ts1. Fi1r￿[
IL¢-c,n iii ¥'I 1L-._*Lilt￿]) 474
fin4&n¥lY-: 4t-,tcnii-11-5 Fl".
R L

ST GEORGE FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR EM)ED 31 MARCH 2023
A¢¢ounliDg policies
a) The f￿￿1claI statements of the charitable company, wbi¢h As a public benefit entity
under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recollllnended Practice applicable
to chwities preparing their accounts in accordance the Financial Reporting
Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective January
2019) and the Companies Act 2006.
The I￿SteeS consider that there are no nmterial uncertsinties about the Charity's ability
to continue as a going concern nor any significant areas of uncertainty that a£feLt the
carrying value of assets held by the charity.
b) Voluutary income is Teceived by way of donations and gifts and is included in full Én the
statement of fuLancial activities when receivable. Donated govds and serrices ate
recognis¢d as an incoming resource where the provider of the goods or services has
Incu￿ a financial cost. Volunteer time is not included in the financial state￿ellts.
c) Restricted fimds are to be used for specific PUTPOS¢S as latd dofvn by the donor.
Expendi1Mre which meets these criteria is clwged to the fund together with a fair
allocation of support and governance costs, wllere this is allowed under the ternis of the
funding.
d) UnTestricted funds are donations and other incoming resources received or generated for
the charitable purposes. These can be used in a¢ooraance with the charitable objects at
the discretion of th¢ In￿t¢CS.
¢) Designated funds are unrestricted fimds earn]ark¢d by the tn￿tee3 for particular
purposes.
fj Costs of generating funds relate to the costs incu￿ed by the charitable company in
inductng tbird parties to mak¢ voluntary contiibutions to IL as well &s the cost of any
activities wÉth a fundraising puryws¢.
g) Resovr¢es expended are recognised on an accruals basis in the period in which they are
incurr¢d. Resources expended include attributable VAT which cannot be recovered.
h) The clwitable company is not required to prepaTe group accounts due to its siz¢. Th¢s¢
financial statements only Tefer to the parent undertaking.
i) Inv¢sttn¢nts are included at cosL
io

ST GEORGE FOUNDATION LI￿llTED
NOTES TO THE FINANCIAL STATEMENTS (Conlinued)
FOR THE YEAR ENDED 31 MARCH 2023
2023
Restiicted Unrestrict￿ Totsl
2022
Totsl
Volllntary Income
Donations and Grants
Tax Refunds
2,774
638
50,909
7.797
53,683
8,435
82,015
11.997
3,412
58.706
62,118
94.Ol2
Jn 2022 voluntary income of £63,033 was unTestricted. Funds of £30,959 were restiictsd.
Cost of generating voluntary Income
2023
Restricted Unrestrieted Totsl
2022
Totsl
ArKountancy
F￿d Raibing & Other Costs
600
256
600
256
600
180
856
856
780
In 2022 of the cost of g¢nernting Yoluntsry income none was restri¢tsd.
Sllpport for hom¢l¢ss ¢hlldren and
young people in Sierra I￿ne
2023
Total
2022
Total
Restricted Unreslrieted
Food and provisions
Educatio
Staff Costs
Legal, Profe&sional and Statutory Costs
Rent
Family Support & Fostering
Medical. Funeral & Bereavement
Motor. travel & subsistcnce
RepaiTS, Maintenance & Improvements
Cash transfer ¢harges
Sundry expenses
Office administration & Equipment
[￿anS T¢ land purchase wyitten off
Centre & Land purchase & fire victims
Tracing & R¢wiification
18.004
3,446
16,117
1,700
18,004
6.428
16,823
1.700
17.644
6.886
14,343
1,462
4,412
200
5,149
1287
3.612
2,938
1.634
260
3,640
42,252
1,132
2,982
706
200
200
3,803
2,882
12,742
2.336
1,508
379
10,540
400
3,803
2,882
12.742
2.496
1,508
379
10,540
160
1.000
1.000
4,048
74.657
78,705
107,851
In 2022, £36.275 of the eX￿ndItUre on support for homeless children and young people in Siena Leon¢ was
restricted expenditure. The remaining £71,576 was unrestricted.

ST GEORGE FOUI¥DATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2023
Staff costs
No staff were employed by the charity during the year. (2022: none.). Any staff costs relats to staff
employed by th¢ SR¢rra Leone charity.
Trvstees, remuneration 2nd expense pxyments:
St George Foundation Ltd is op¢rnt¢d on a t￿￿ basis. All memb￿$ of the board of trustees act i
an unpaid capa¢ity-
No expenses were reimbursed to the trusteeg during the year. (2022.. none.)
Investment
Quoted
Salltander plc
104 Ordinary shares (at valuation when donated)
620
Totsl Investments 2023
620
Toial Inyestffjents 2022
620
Debtors
2023
2022
Tax r¢fimd
8,436
12,229
11,997
8,795
OtheT debtors and prepayments
20.665
20,792
IA)ans re Land Purchase
During the year the old loan of £8,500 has been written off, because the land was sold to provide
funds for the C¢ntre & land purchase. The new loan of £10.200 is to be WTitten off over 5 years, so
has been r¢duc¢d to £8.160.
The loan balance is considered to be recoverable.
12

ST GEORGE FOiryDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR EIYDED 31 MARCH 2023
Creditor5- amounts due Ivithln olle year
2023
2022
Short terni loans
Other CTeditors & accruals
1,700
1,201
1,700
600
2,901
2,300
Amounts due after one year
Short term loans
3,400
6.800
io.
Analysis of net assets between ￿ndS
Rtstrictsd
Fuuds
Designated
Funds
General
Funds
Total
Funds
Fixed assets
Current assets
CuThent liabi12ties
Long temi liabilities
8,780
13.869
(2.901)
(3.400)
8,780
26,772
(2,901)
(3,400)
12,903
Net &ssets
12,903
16,348
29,251
Restri¢t¢d funds
01104122
Ikntome
Expenses
31103123
Education/food SFK>nsorship
Duke Medical
Next Door Lond
5,918
2,531
5,090
3.412
4,048
5,282
1531
5,090
12.
Control
The ultimate controlling parties are the trustees listed on page l.
13