2025-03-31-accounts

ST GEORGE FOUNDA TION LIMITED REPORT AND FINANCIAL STATEMINTS 31 MARCH 2025 Registered Charity Charity Iyumber 1118871 A CompAny Limited by GuArantee Company Registration Number 05775263 IIIIIIIIM *AEIH4JB6' 3011212025 COMPANIES PIOUSE A16

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ST GEORGE FOUNDATION LIMtTED REPORT AND FINANCIAL STATKMENTS Contents Page Reference and administrative details Report of the board of trustees and directors Report of Independent Examiner Statement of financial activities Balance Sheet Notes to the accounts 10-13

ST GEORGE FOUNDATION LIMtTED Reference and Administration Details Registered Charity.. Charity Number l 118871 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 charity is incorporated in EnFJand & Wales Telephone: [phone] Website.. www.stgeorgefoundation.org.uk Principal Bankers.. Barclays Bank Patron: The Countess Clarendon Trustee Directors.. The directors of the company in office during the year and up to the date of this report, who are the trustees for the purposes of charity law were.. Richard Green-wilkinson David Hedges Patrick John Founder and CEO.. Philip Dean

ort of th Boar of Trustees and Direct for the eriod endin 31 Mar h 2025 The Trustees present their report and the financial statements for the period to 3 1 March 2025. Reference and administrative inforn]ation set out on page I foms part of this report. an na me Constitution and Governing Document St George Foundation is a company limited by guarantee and is a registered charity. It was incorporated in April 2006 and comrnenced activities from l May 2006. Up to the end of April 2006, the work of St George Foundation was carried out as a restricted fund of Jacobs Well Care Centre, a registered charity. Members of the charity guaranteed to Contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2025 was 3. The trustees are members of the charity but thi s entitles them only to voting rights. The trustees h&ve no beneficial interest in the charity. The governing documents are the company's Memorandum and Articles of Association. These detail the object of the charity, which is.. (i) To relieve poverty and sickness and advance education, in particular, but not exclusively, amongst homeless childien and young people in Sle￿a Leone. Recruithieni andAppointment of fnlstees When recruiting trustees, the organisation ensures that the Board has a comprehensive range of skills needed in order to oversee the activities of the charity. Triistees elected for the first time must be proposed by a member. Members elect trustees at the Annual General Meeting. The Board of Trustees must be three or more. Ln accordance with the Articles of Association, one-third of the trustees must retire by rotation at the Annual General Meeting and can seek re-election. Organisational Strncture The Board of Trustees is responsible for setting the overall direction and policies of the organisation and areas of responsibility are split between the trustees. The Chief Executive Officer is responsible to the Board for the implernentation of policies and decisions. ective The charity's objective is to raise fvnds in the UK and provide those funds to St George Foundation Sierra Leone in furtherance of the charity's forn)al objects to relieve poverty

and sickness and advance education amongst homeless children and young people in Sierra Leone. When planning the charity's activities for the year, the trustees have considered the Charity Cornmission's guidance on public benefit. Achievements and Performance During the period the charity has continued to provide funds and support in order to rescue further children from the streets of Freetown in Sierra Leone. The total number rescued and helped now amounts to over 1,600 children. The Ch￿ity'S approach aims to prepare the children for school and future life. Activities at the centre are designed to boost children's self-esteem, improve concentration, unite them as a family and put street life behind them. Singing, dancing, sport, simulated school and play-acting fonn part of the intense programme. Once a child enrols at the Ch￿lty centre in Sierra Leone, the charity begins a Feunification process, looking to find and bring together the child with its natural or extended family. Most of the children rescued so far have been successfully reunited with families or looked after by foster parents. The charity in Sierra Leone relocated to Grafton on the outslirts of .Freetowm, in 2007. having renovated a site there. There are opportunities to sponsor a child and help pay for their education, details of which are contained on the website at www. st eor efoundation. Sle￿a Leone struggled to contain the Ebola outbreak, and in October 2014 it arrived on the outskirts of Freetown. This resulted in a large number of orphaned children being thrown onto the streets, many of whom have had Ebola and survived. In November 2014 the charity in Sierra Leone started a programme of taking in these hildren, and took in over 300 such children. The plan was to feed and clothe them, care for them. and reunite them with other relations or find and train foster parents, and has been successfully achieved. The charity was asked by the government to look after the western rural region of Sierra Leone, educating the population about Ebola and 5eekino to contain it in this area - a region of many towns and villages, with a population of circa 250.000. Some assistance has been provided by UNICEF in the form of transport. Rescuing Ebola OTphans was concluded in December 2015, largely due to lack of funds. The charity has also provided funds to help families of rescued street children to start-up businesses in Sle￿a Leone (the Small Business Initiative), so that they are able to fund their own children, s education costs. In August 2017 there was considerable flooding in Freetown, which lead to a large landslide, causing many deaths and injuries. The charity assisted in looking after survivors, taking in 20 children and 15 adults, and reuniting them with families.

Unfortunately, similar flooding occurred again in 2018. The charity helped about 100 displaced children, 50 of whom were brought temporarily into the Centre. They have now all been reunited with families. The Government took quick action when the first Covid 19 case was discovered. and as a consequence Sle￿a Leone has not suffered too badly. The charity cut costs and reduced the number of children at the Centre to 20. In March 2021 there was a f7re 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 to 31. March 2022, the Interim Care Centre and land next door was purchased, Providing greater security for the charity for the future. As a consequence. improvements are being made to the Centre buildings, inco4)orating otyices and improved accommodation. Action has been taken to fence the land and secure it, and ensure that the children at the Centre are kept safe. in Net Incoming Resources Unrestricted funds show a surplus for the year of £15,393. This has been achieved despite the high level of repairs, maintenance and equipment expenses, the purchase of a further area of land next to the Centre and survey and regi stration costs needed to protect the Centre and 8rounds. The unrestricted fund income totalling £105,931 represented a very good increase over the previous year's £65,840, much helped by a very generous donation of £25,000. Unrestricted fund expenditure increased by about £25,000 to £90,538 as a result of the additional costs as indicated above, Restricted fund income, totalled £4,28l with expenditure of £6,585, leaving deficit of £2,304. Overheady and Reserves The Board are committed to minimising overheads in the UK. FOT the year the UK overheads amounted to £1,987, which was just over 20/0 of totsl expenditt)re. It is hoped that sufficieni general reserves will be retained to cover ongoin8 Costs, but the Board's policy is to expend sums raised as soon as possible in achievin8 the charity's objects. Balance Sheet The debtors include the 2024125 tax refund of £7,957, which has been received since the year end. Cash amounted to nearly £16,000.

Plans for the Futur The number of children at the Centre are around 40. but it i s planned to increase to 50 next year. Inflation in Sierra Leone has reduced substantially to around 6Q/o per annum, making it easier to ensure salaries and other costs are sufficient. This report has been p￿pared in accordance with the small company's regime under the Companies Act 2006. This report was approved by the Board of Trustees and signed on its behalf by." R L Cyreen-lvilkinson Date.. 19 IL.Ir

ST GEORGE FOUNDATION LKMITED I[￿DEPENDENT EXAMThTRSREPORT TO THETRusfEES OF ST GEORGE - FOITIWATION L￿TTED FOR THE YEAR EM)ED 31 MARCH 2(RS We report to the ¢￿]ty trustees on our eX8mill￿n of the ace4ll￿ts of the company for the year ended 31 March 2025 ivhich are set out on paga 8 to 13. Responsibilities and b&sis of report As the clwity trustees of the companF' (and also its directors for the pwposes of Ll)nwany law) you are respoDsible for the preparntion of the in accord8nc¢ with the Jtquirements of the Compatiies Act 2006 (the ¢?OO& Act). Having satisfied ourselves tbat the accounts of the company are I￿t required to be audited under Part 16 of th¢ 2006 Act and are eligible for .independeDt examil￿on, we report in respect of our examination of your cornpany's accounts as carried out under section 145 of the CTrwities Act 2011 ('the 2011 Act.). In caTrJ'ing ott our examin&ion we h&ve followed the directioL8 givcn by the Charity commi￿oll under sectiOD 145(5)(b) of the 2011 ACL Independent examiners stAteDieDt We have completed our ¢xauJ1nalio￿ We CODfirDI that oo Jnattcr5 havc come to our attention in connection WAth the examination giving us cause to belleve that ia any matuial resppxL l. accounting records were noi kept in respect of the ￿mPa0Y as ￿Vired by section 386 of the 2006 ACL or 2. the accounts do not accord witb those recortr. or 3. the accounts do not comply with the accountin8 requirnents of sectioD 396 of the 2006 Act Oth￿ than any requircments that the acLx)unts give a 'tNe and fair view, which is not a matter considered as part of an independent exalninati0￿ or 4. the accomits have I￿t been prepared ia accoTdaDce with the methods and principles of the StstemeDt of Recommended Pra￿l￿e for accounting and reportiog by charities applicable to clwities preparing their accoutts in accordance with the Financial Reporting Standard applicable in the UK or Republic of IreIar￿ IFRS 102).

ST GEORGE FOUNDATION LlllllTED INDEPENIIENT EXATrt1l￿Rs REPORT TOTHE TRIJSTEES OF ST GEORGE FOUNDATION LIMITED (Co.ntinued) FOR THE YEAR ENDFD 31 MARCH 2025 We have no concerns and have come across no olbvx matters in collnection with the examI￿On to whi¢h attention should be draThn in this ryozt Tn order to enable a proper understanding of the accounts to be reached, Mandair & Co Partnersbip House 84 Lodge Road Southampton Hampshire S0146RG 19J.1.2Lz025..-..-.-

ST GEORGE FOUNDATION LIwfED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Totsl 2024 Totsl Notej Re8trith41 Unrt8tricted Intoming R¢sour¢¢s Volunw Incom¢ Activities for geneTaIl￿ funds Investmenl In¢on 4,281 9S.22 7,682 25 102.SOS 7,682 15 70.003 4.173 32 Total inwming ffwurces 4.281 105,931 110212 74,208 Resource9 Expende Costs of 8enernting voJuntAoi income Support for homeless children and yow)g peopl¢ in Si¢na Leone 1.987 1.987 838 6,)85 88.551 9.5,136 75,594 Total reSOu￿e$ &yeJNkd 6,585 90.538 97,123 76.432 et moyemenl in funds forth¢ yeor (2.304) 15.393 13,089 (2.224) Total fund8 at l Aprfl 2024 10.l30 16,897 27,027 292.11 BalAnce at 31 March 2025 10 7.8￿fj 32290 40,II6 27.027

ST GEORGE FOUNDATION LIMtTED BALANCE SHEET AS AT 31 IktARCH 2025 Notes 2025 2025 2024 2024 Fixed Assets Investsnent Loan re land purchase Current llssets 620 4,080 620 6,120 4,700 6.740 Debtors Cash at bank 20,179 18,381 3,706 -36,016 600 22,087 1,800 Credil013 - amounts due within one year Net current assety 35,416 20,287 40,116 27,027 Creditots - amounts due afr one year Net Assets 40,116 27,027 Fundy Restricted funds 11 7,826 10.130 Unrestricfrd fi￿dS.. Designated funds Generdl fuNIs io io 32,290 16,897 16,897 TotAI Fundy io 40,116 27,027 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. (i) The members have not required the iu)mpany to obtain an audit of its accounts for the year in question in accordance with section 476. (li) The directors acknowledge tlieir ffjsponsibilities for complying with the requirements of the Act with respect to accounting records and preparation of the accounts. These financial statements have been prepared in accordance with the provisions applicable to companies, subject to the small companies. re￿rne. Approved by the Board on . . O£• .-. kn. ? and signed on its behalf by.. R L Green-lvilkinson Company registration number.. 05775263

ST GEORGE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies a) The financial statements of the charitable company, which is 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 Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efrTective January 2019) and the Companies Act 2006. The ttustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. b) Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. Donated goods and services are recognised as an incoming resource where the provider of the goods or services has incurred a financial cost. Volunteer time is not included in the financial statements. c) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair a]location of support and governance costs, where this is allowed under the terms of the funding. d) Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. These can be used in accordance with the charitable objects at the discretion of the trustees. e) Designated funds are unrestricted funds earniarked by the trustees for particular purposes. 0 Costs of generating funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. g) Resources expended are recognised on an accruals basis in the period in which they are incurred. Resources expended include attributable VAT which &innot be recovered. h) The charitable company is not required to prepare group accounts'due to its size. These financial statements only refer to the parent undertaking. i) Investments are included at valuation when donated. 10

ST GEORGE FOUNDATION LIMtTED NOTES TO THE FINAIYCIAL STATEl￿ENTs (Continued) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total 2024 TotAI Restricted Unrestricted Voluntary Income Donations and Grants T&x Refunds 3.7)4 527 90,'793 7,431 94,)47 7,958 61,778 8,225 4,281 98,224 102.505 70,003 In 2024 voluntary income of £61.635 was unrestricted. Funds of £8,368 were restricted. Cost of generating voluntary income 202S TotAI 2024 Total Restricted Unrestricted Accountancy & Infomiation Commissioner Fund R￿'Sing Costs 1,415 572 1,415 572 640 198 1,987 1.987 838 In 2024 of the cost of generating voluntsry incom¢ none was restricted. Support for homeless children and young people in Sierra Leone 2025 Total 2024 Total Restricted Unrestricted Food and provisions Education Staff Costs L¢gal, Professional amd Statutory Costs Child support, clothing, partics etc Faniily Support & Fost¢ring Medical, Fun¢ral & Bereavement Motor, travel & subsistcnc¢ Repairs, ma￿tenance & Improvements Cash transfer charges Sundry expens¢s Office administration & Equipment Loans written off Land purchas¢ expenses Tracing & Reunificatton l9,070 3,050 19,100 5,155 2,145 335 5,108 9,630 11,630 1.003 1,285 1,890 2,040 6,190 920 l9,070 5,900 19,895 5,155 2.145 335 5,958 9,630 11,630 1,003 1.285 1.890 2,040 8,280 920 19,098 4,999 13,424 2,066 1,901 414 4,398 765 19,980 1,554 2,850 795 850 734 2.156 3,180 925 2,090 6,585 88,551 95,136 75,594 In 2024, £ L1,141 of the expenditure on support for hom¢l¢ss children and young people in Sierra Leone was restricted expenditur¢. The remaining £64,453 was unrestricted. 11

ST GEORGE FOU￿DATIoN LIfvUTED NOTES TO THE FINANCIAL STATE1￿￿￿Ts (Continued) FOR THE YEAR ENDED 31 IIIARCH 2025 Staff costs No staff w¢re employed by the charity during the year. (2024.. none.). Any staff costs relate to staff employed by tbe Sierra Leone charity. Trustees remuneration and expense payments: St George Foundation Ltd is operated on a trustee basis. All members of the board of trustees act in an unpaid capacity. No ¢xpenses ivere reimbursed to the trustees during the y¢ar. (2024.. none.) Investment Quoted Santander plc 104 Ordinary shares (at valuation when donated) 620 Total Investments 2025 620 Total Jnvestments 2024 620 Debtors 2024 2023 Tax refund 7.957 8,224 10,157 Other debtors and prepaym¢nts 20.179 18,381 Loan re Land Purchase The loan provided to buy land of £10,200 is to be written off over 5 y¢ars, so has been reduced to £4,080. The loan balance is considered to be re￿verable. 12

ST GEORGE FOUNDATION LIMtTED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Creditors- Amounts due within one year 2025 2024 Short terni loans Other CTeditors & accruals 1,200 600 600 600 1,800 Amounts due after one year Short ktm loans 10. Analysis of net assets between funds Re8tricled Funds DesIgn￿e￿ Funds General Fun(Is Total Funds Fixed assets Cu￿ent assets Cu￿ent liabilities Long temi liabilities 4,700 28,190 (600) 4,700 36.016 (600) 7,826 Net aS￿ts 7,826 32,290 40,116 11. Restricted funds 01104124 Income Expenses 31103125 Educationlfood sponsorship Dukc Mcdical Next Door Land M¢dical 5,509 2,531 2,090 3,031 750 3,645 350 2,090 500 4,895 2.931 500 Tota] 10,130 4,281 6,585 7,826 12. Control The ultimate controlling parties are the trustees listrd on page l. 13