ST GEORGE FOUNDATiON LMTED REPORT AND FINANCIAL STATEMENTS 31 MARCH 2024 Registered Ch2rity Charity Number 1118871 A Company Limited by Gu#raniee Company Registration Number 05775263 11111 11111 A14 COMPANIES HOUSE ST GEORGE Fo￿ThDATIoN LIKITED REPORT AND FINANCIAL STATEMENrs Contents Page Reference and administrative ddails Report of the board of trustees and directors Repon of Independent Examiner Staternent of financial activities Balance Sheet Notes to the accounls 10-13 ST GEORGE FOUNDATION LIMtTED ini Detail Registered Charity". Charity Number I 118871 A company limited by guarantee: Cc￿panY RegÉ5ttation Number 05775263 PrinGtpal Address". Drovers Chapel Road SvTrnmore Southampion S032 2QB Register￿ OtYI4x". Drovers Chapel Road Swanmore Southampton S032 2QB The ¢hatity is inc￿Orated in England & Wales Telephone.. 01489 893114 Website. ¥WW.Stgeorgefoundation.org.uk Principal BankeTS". Barc]ays Bank Patron: The Counte&s Clarendon Trustee Direct￿$.. The direcu)TS OF the company in office during th¢ year and up to the date of this reporL who are the t￿$(CeS the purposes of charity law were". Ilichard Green-willonson David Hedges Patrick John Founder and CEO". Philip Dean Re rt of the BoaTd of T stees and Dir din 31M h2024 The Trustees Present their report and the financial statemenis for the period to 31 March 2024. Reference and administrativ¢ infornlation set iyut on page I fornis part of this report. ceandm nt Constifviion andc0￿mingDoCUme￿I . St George FoundatiTh) is a company limited by 8uardnlee and is a re8isieTed charity. It was incorporaied in April 2006 and ¢ommen¢ed a¢tivitie5 from l May 2006. Up to the end of April 2006. the work of Si George Foundation whs carried out as a restricted fund of Jacobs Well Care Centr¢ a registered cEtarity. Members of the ctwity guaranteed to contribute an amount not exceeding £10 to the 18secs of the charity in the event of winding up. The total numbei of such guarantees at 31 March 2024 was 3. The ttustees are memb¢rs of the charity but this entitles them only to voting rights. The trus*es have no beneficiai incerest in the chatity. The goveTning dowments are the company's Memorandum and Articles of Association. These detail th¢ obj¢¢t of the charity. which is.. (i) To relieve poverty and sickness and advance educatsofy in particular, but not exclusively. amongst homele55 children and young p¢opl¢ in Sietra Leone. Recruilment al￿AP￿)InIMe￿t oJTrustees When recruitsng trustees, the orgdnisation ensures that the Board has acomprehensive range of skills needed in order to oversee the activities of the charity. Twslees elected for th¢ first time must be prOp￿d by a member. M¢mb¢rs ¢lect trustees at the Annual General Meeting. The Board of Tru5tee5 must be three or more. In ￿cOrdanCe with the Articles of AswTation. one-third of th¢ trustees must Tetire by rotation at the Atmual General Meeting and can seek re-eiecrion. Organisalional Structhr Th¢ Board of Trust¢es is responsible for setting the overall direction and poliGies of the or8anisation and areas of responsibility are splii between the tft￿ees. The Chief Exe￿tive Officer 1$ responsible to the Board for the implementation of polici&% and decisions. Ob-eclives The charity's d)jective is to raise funds in the UK and provide those funds to St George Foundation Sle￿a Leone in furtherance of the charity's fornial Obj￿ to relieve poverty and sickness and advance education amon8St homeless children and youn8 people in Sierra Leone. When planning the chariry's activities for the year. the trusrees have Gonsidered the Charity Commission's guidance on public benefii_ veme and Perfomiartc During the period the charity has contsnued to provide funds and support in order to rescue further children from the streets of Freetown in SierTa Leone. The iota] number rescued and helped now amounts to over 1.600 children. The charity's approach aims lo prepare the hildTen for schwl and fU￿re life. Activities at the centre are designed to boost children's self-esteem, improve concentration. unit¢ them as a family and put street life behind them. SingJn& dancin& 5PQrt. sirnulated school and play-actins forni part of the intense programme. Once a child enrols at the charity centre in Sierra Leone, the charity begins a reunification pro¢ess. lookin8 to find and bring together th¢ rhild with its nawral or ut¢nd¢d family. ost of the children rescued so far have been successfully reunited wilh families or look after by foster parents The charity in Sierra Leone re1C￿ted to Grafton on the outskirts of FreeÈown, in 2007. havin8 rellovafrd a site there. There are opportunities to sponsor a child and help pay for their education, details of which ar¢ Gontained on the website at www. Sierra Leone Struggled to contatn the Ebola outbreaK arEd in Octd)er 2014 it &ffived on the outskirts of Freetown. This Tesulted in a large nutnber of 0￿haned children being thrown onto ihe streets, many of whom have had Ebola and survived. In November 2014 the charity in Sierra t￿ne started a programm¢ of taktng in these children, and ti)ok ID over 300 such children. The plan wa5 to feed and clothe them, care for them. and reunite them with other relations or find and train foster parents. and has bee successfully achieved. The Charity was asked by the g<)vernrnent to look after the western rural region of Sierra Leon4 educating the populatÈon about Ebola and seeking to contsin it in thi5 area- a regLOrt of many towns and village5, with a ￿pUlatiO1) of GirGa 250,(W. Some a5Si51ance has been provided by UNICEF in the form of transFK)rL Rescuing Ebola orphans was concluded in December 2015. largely due to lack of fvnds. The charity has also PToYided funds to help families of rescued street children to start-up bustnesses in Sierra L£one (the Small Business Initiative). so they are able to fund their own children's education cO￿s. In August 2017 there wa5 considerable flooding in Freet07v￿ vthich lead to a large landslide, causin8 many deaths and injUTies. The charity assisted in IcK>king after survivors, taking in 20 Ghildren and 15 adul￿ and reuniting them with families. UnfotThnately. similar flotKling occU￿ed again in 2018 The charity helped about 100 displaced children, 50 of whom were broughi temporarily into the Centre. They have now all been reunited with families. The GovemTnent took quick actton when the first Covid 19 was discoverf and as a consequence Sierra Leone has not suffered tlx) badly. The chatity Cut Costs and rduced the number of children at the Centre to 20. In March 2021 there was a fire in Freetown causing homeless children. The Charity took in a number of these children. providing food and shelter. before reuniting them with family members. During the year lo 31st _march 2022, the Interim Care Centre and land next door was purchased, providing greater security for the clwity for the fulure. As a wnsequence. improvement5 are being made to the Centre buildings. inwrporating otTice5 and improved accommodation. A¢tion is being tsken to fence the land and seawe IL and ensure that the children at the Centre are kept safe. Financial Review Net IncomingResources Unrestricted funds show a surplu5 for the year of £549. This has been achieved despite the hiBh level of repairs. mainienance and improvements, which included the Centre building worK r¢de¢orauons. solar panels and fencing round the land. The unrestricted fund income totalling £65,840 was similar io the previous year Unréstricted fund expefidi￿￿ was down nearly £10,0￿ at £65,291, leaving the surplus for the year. Restricted fund incom¢. totalled £8.368. with expenditure of £1 1.141. leavin8 deficit of £2.773. overhea￿ andReserves The Board ar¢ ¢x)mmitted to minimising overheads in the UK. For the year the UK ovuheads amounted to £838, which was just over 10/0 of iotsl expenditure. It is hoped that wfyicient general reserves will be Tetained to cover ongoing cost4 but the Board's policy is to expend sums raised as ￿)0n as possible in achieving the charity's objects. Balance Sheet The debtors include the 2022123 lax refund of £8.224. which has been received since the year end. The creditors indude loans of £1.200. which have been fully iepaid. Plans for the Future The number of children at the Centre are around 45. but it 15 hoped that the numbers will in¢rease further in 2025. Infiation in Sierra Leone has reduced lo anxjnd 250/0 per anftum. but it is still & challenge to ensure salaties, food and oth¢r provisions ¢05ts ￿ provided and increased in line with inflation. The￿ is an Oppo￿nIty to buy some further land for $10.000. This is needed in order to ensure thai the Centre ha5 its ovm aee£&%. This r.eport has been prepared in accordance with the smalL compaDy'S regirne under the Companies 2006. This report was approved by the Board of TTUStees and si￿1¢d on its behalf by.. R L GTeen-IVilkinson Date.. ST GEORGE FOUNDATION LIMrrED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ST GEORGE FOUNDATION LIMtTED FOR THE YEAR ENDED 31 MARCH 2024 We report ￿ the charity trustees on our examination of the accounts of the company for the year ¢nd¢d 31 March 2024 which are set ¢Mt on pages 8 to 13. Responsibilities *nd b*$i$ of reptsrt As the charity tnjstees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirementg of the Companies Act 2006 (the '2006. Act). Having satisfied ourselves that the accounts of the company aTe not required to be audited under Part 16 of the 2006 Act and are eligible for indep￿dell1 examination, we report in respect of our examinatson of your company's account5 as catTied out under section 145 of the Charities Act 2011 {'the 201 l Act.). In carrying out our exarnination we have follow￿ the directions given by the Chartty Commission under section 145(5Xb) of the 2011 Act. Independent examiners ststernen¢ We have c(mipleted our examination. We c4)nfimJ that no matters have come to our anention in connection with the examination giving us cause to believe that in any material respect.. accounting records were not kept in respect of the ¢ompany as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirements of sectton 396 of the 2006 Act other than any requiremcnts that the accounts give a 'tru¢ and fair view, whicb 15 not a matter considered a5 part of an independent examination" or 4. the accounts have not bttn prepared in accoTdance with the methods and principles of the Statement of Recommended Practice for accounting and ￿POrting by charities applicable to charities preparing their accounts in accordance with the Financia] Reporting Standard applicable in the UK or Republic of trdand (FRS 102). ST CEORGE VOUFIDATION UWIED lr*T)EPEI¥DE.YFEX￿l1￿y£Rs REPORT TO THE 7RUSIEES OF ST GEORGE FOUNDATION LIMITED (Cootinwed) FOR THE YEAR ENDED 31 K4RCH 2024 whicll attetttion sbould be thawD ill tbis report ID order to eDable a proper Twde￿&1ti8 of the accout￿ io be Teath aDdair & Co 84 Ixjdge Road Southampton H￿p5b]re S0146RG ST GEORGE FOUNDA TION LIMITED STATEMENT OF FINANCIAL ACflVITIES FOR THE YEAR ENDED 31 MARCH 2024 JIZ4 2013 Totsl- Restricted D￿reSt￿tte1 IDeothing Resourtts Voluntary Income Activities for getm11￿ fuThts 8,368 61,635 4,173 32 70,OD3 4,173 32 62.118 7.139 Totsi In￿Mi￿8 t¢SQW¢¢S 8.368 65.840 74.208 69.284 Exp¢nd*Jl Costs of generatiTrgv0l￿jl*Y irtOT S￿pportforknll￿lCSS thild￿n a￿1 young ple in Siena Leone 838 83$ 856 11.141 64.453 75,594. 78,705 Tots] resou￿¢5 ¢xwthd 11.141 65.291 76,432 79.561 fv•ds for ihe year (2.773) 549 (2,224) 110,277) Totht At l Aptil 202J I2.￿3 16,348 29,251 39,528 Balan¢e * 3J March 2024 10 10,130 16.897 27,027 29.251 ST GEORGE FOUNDATION LIMrrED BALANCE SHEET AS AT 31 MARCH 2024 Nt)¢ 2024 2024 2023 2023 Wiled A59eLq InYcstTnent IA>an tc laTKI p￿TC1&￿se 620 6.120 620 8,1 Current gtsets 6.740 8,780 Debio Cash atb8Dk 18,381 20.665 6.107 26.772 2.901 22,087 CtedLiOf5- amount5 w1￿"￿0￿year Net ¢¥rren* gueis 20,287 23.871 27.027 32.65l cth.￿￿- amoums due after one y¢ar 27.027 29,251 Fund$ Restricted fiuyjs li 10.130 I2.￿3 Unrestsicted fu￿ts". D¢si8natrdfu io io 16,897 16.348 16.897 16,348 29.25 L Tot￿ Fllnds io 27.021 For the year ended 31 Marcb 2024 company entided ￿ exemoioll from audit WTder %ction 477 of the Companies Act 2006 Jtlatitvd to small companies. Th¢ m¢rnbcrs hav¢ not Icquir￿1 c4)mpany to ob￿￿ an audit of its aecxjunts for the year in question ID accordance with section 476. The directors acknowlc(&¢ th¢ir r¢S￿nsIbl￿tti¢s for ci)mptying wjth lh¢ ￿qUIr￿lents of the Act with re5￿ct to accounting rec4)rds and PJEpaTation of th¢ accounts. Ihcse financTral 5talemcnts have bEcn plE￿[ed in accothce with the provisions applicable to companies, 5ubieGt to the Small compaDie5' re8irne. Approv￿ by the Board on . . . . . . . . .CSt of genEfdtÉn8 voluw illcom¢ wa5 ￿5t[l￿¢d. Support for homeless children and yotyog people in Sierra Leone 2024 Total 2023 Total Restricted Unre51ricted Food and provisions Education Staff Costs Legal, Professlonal and Sta￿10Th Costs ild support, clothing, pa￿eS etc Family Supwjrt & Fostvting Medical, Funerdi & B¢i¢av¢ment Motoi, irnvel & subsistence Rep&r5, Maintenance & lrnpmvemEnts C&5h ¢ran5ftr ¢har8¢S Sundry ¢xpcnsc5 Office administration & F4uipment LA)ans wriuen off Cencre & land purch￿ expenses TAcing & Reunification 19.098 2.683 E2.753 2,066 1,901 414 4.398 765 14.980 1,400 19,098 4.999 13.424 2.066 18,004 6,428 16.823 1,700 1.508 400 3.803 2.882 12.742 2.496 2.316 671 414 4.398 76) 19.980 1,554 S.￿)0 154 734 2,156 180 925 734 2,156 3.180 925 379 10,540 3.000 1,000 64.453 75.594 78.705 tn 2023, £4,048 of the exwdiwre on support for homeless children attd young peopl¢ in Si¢ro Lton¢ was StriGtrd ¢%￿ndItu￿. Thc rEMa￿￿g £74.657 was unrestn'ded. ST GEORGE FOUNDATION LIMrrED NOTES TO THE FINANCIAL STATEMENTS (Conluwed) FOR THE YEAR EI¥DED 31 MARCH 2024 Staff costs N0 staff wert employed by the charity during the year. (2023.. non¢.). Any staff w5ts TElate ￿ staff nploy¢d by the SieTra LeoT]e charity. Trustees, remvmer*¢ion And txpense pxyments: St George Foundation Ltsl is operated ott a mistre basis. Ail m¢mkr5 ofth¢ ly)3￿ of tTU5tees aet in an unpaid ¢wity. . No W¢￿ Rimbur5ed to the tnJ5tces during the vear. (2023.. none.) Inve5trnent Quoied Santander plc 104 Orth"nary shar¢s {ai valuation when donated) 620 Total Investments 2024 620 Total Investments 2023 620 Debtors 2024 2023 tefilrtd .224 10.157 .436 12.229 Other debtors aThl p￿￿yMents 18,381 20,665 LoaTr re L￿d Purch*se Th¢ loan providedto buy land of £10.200 is to ￿ writt¢n off 5 ￿￿5. 50 ha5 bee]] reduced tt) £6,120. The loan balance is considered to be reeoverable. 12 ST GEORGE FOUNDATION LIK￿ED NOTES TO THE FINANCIAL sfATEMENTS (ContiA4ed) FOR THE YEAR ENDED 31 MARCH 2024 Credi¢or5- 4mounts due within On¢ ytsr 2024 2023 Short t¢rn) loans Oth¢r credrtors & accwals 1,200 600 1.700 1,201 1,800 2.901 Am0￿￿tS due after one year Short terni loans 3.400 An41y$is of thet *$sets lkneen funds F]JndJ Funds Fullds Fixed as5cIs Current assets Current liabilitses ions omi liabilities 6,740 11.957 (1.800) 6,740 22.087 (1,800) 10,130 Net assets 10.130 16.897 27.027 ii. Restricted funds 01104123 Incorne Expense5 31103124 FAu￿101￿fQ0d sponsOrs￿"p [￿ke Medical Next Door Land Toil¢t Block 5,282 2,531 5,090 3,368 3.141 5.509 2,531 2.090 3.000 5,000 5.OCK) 12.903 8.368 11.141 10130 12. Control The ultimate controlling parfics th¢ In￿¢¢$ list¢d on pagc l. 13