The Lotus ChildreD'S Centre Cbaritable Trust Financial Statements for the year end¢d 31 December 2024 Registered Charity Iyumber: 1123207 The Lotus ChildreD'S Centre Charitable Trust Statement of accounts for the year ended i l December 2024 Contents Page Legal and administrative infomiation Trust¢es' report Ind¢p¢nd¢nt ¢xaminer's report Statement of fjnancial activities for the year ended 31 December 2024 Balancc sh¢¢t as at 31 December 2024 Not¢s to the accounts The Lotus Children's Centre Charitable Trust Legal and administrative inforniation Trustees F Mccoll G Dowling M Wells F Hill Registered Office 10 Downs Wood Vigo Gravesend Kent DA13 OSQ Accountants TC Group 6th FIooT Kings House 9-1 O Haymarket London SWJY4BP The Lotvs Chlldren's Centre Charltable Thist Tn]stees' Report The Trustees submit their Tn￿tres. report for the year end￿ 31 Decetnber 2024. Objects ofthe Trns4 Principal Activithes and Or£anis*tion of our Work The Tn￿1 is govern￿} by the TnL8t Deed daled 7 November 2007. The objects of the Trust are the relief of cbildten in need in Mongolia by the provision of accommodatiorL care supporl education and training for thenL Trustees and other Relevant Persons The names of the Trustees and other key personnel and Televant persons are listed on page l. The result for the year is shown on page 4 and the position ￿ the end of the ye8r is shown on pag¢ . Trnstees, responslbilities in relation to the finalldal statements The cjwity trnstees are responsible for preparing a trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standar(Ls (United Kingdom Generally Accepted Accouniing P￿ctiCe). The law applicable to ¢harities in England and Wale8 requires the charity tnLStees to prq)are financial state￿ellts for each year which give a true and fair view of Ihe state of affairs of Ihe ckwity and of the incoming resources and application of resowces, of the charity f(Y that period. In preparin8 the fiDan¢ial statements, the tn￿tee5 are required to: • select soitable accounling po]ici&% alld then apply them consistently" • observe the methods and principles in the applicable Charities SORP. make judgements and estimates that ate reasonable and prudenr • state whether applicabl¢ accouoting stathrds have beea follorf subject kn any ￿lat￿la1 departures disclosed and explained in the financial statements. ' prepare the financial ststements on the going concern b8sis unles8 it is inappropriate to pr￿uMe that the charity will continue in business. The tnthes ate iesponsible for keeping proper accounting records that disclose with reasonable accura¢y at any time the fu￿￿claI Jxisition of the c])aTity and to enable them lo ensure that the f￿anCIal statements comply with the Charities Act 201 I, the applicable Charities (Accounts and Reports) Regulatton4 and tbe provisions olthe Trust deed. They are also responsible for safeguardkng the assets of the cEwity and taking reasonable steps for the prevention and delrtlioll of fraud and other irregularities. The trnstees are responsible for the maintenance and integrity of the charity and financial infonnation includeAI on the charity's website. Legislation in the Unitd Kingdom governtng the prepardtion and dissemination of finanoial slaternents may diffw frortt legislation in other jurisdTctions. On behalf of the Tnjstees Fmc Tn￿[¢¢ ## **The Lotus Children’s Centre Charitable Trust** ## **Independent examiner’s report to the Trustees of The Lotus Children’s Centre Charitable Trust** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 6. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; - or - 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. 11/09/2025 Timothy L Saxton BSc FCA TC Group 6th Floor Kings House 9-10 Haymarket London SW1Y4BP 3 The Loths Children's Centre Charitable Trust Statement of fjnancial activities foi th¢ Ye￿ ¢nd¢d i l De¢ember 2024 2024 2023 Ineome Donations and lega¢i¢s Charitable activities Investment incom¢ 79,542 6,470 1,647 14,259 6,980 1.856 Total income 87,659 23,095 Expenditure Direct ebaritable expenditure Charitabl¢ activilies 103,199 60,015 Other expenditure Bank charges 1,557 1.550 1.557 1,550 Total expenditure 104,756 61,565 Net movement in funds (17,097) (38,470) Total funds brought forward 137,986 176,456 Total funds carrled forward 120,889 137.986 All income and expenditure is derived from unrestrieted aetivities. Th¢ Statement of financial activities ineludes all gains and losses in the y¢#r. The Lotus Children's Centre Charitable Tru81 Balance sheet as at 31 Decemkn 2024 21124 2023 Current Assets Cash at bauk and in hand 120.889 137.986 120.889 137.986 Creditors: Amounts f￿ling thie within one year Totsl Assets ias Current Liabilities 120.889 137.98 120.889 137.986 Represented by. Unrestricted fimds Restricted funds 120,889 137.986 120.889 137.986 F McColl- Tru Date si The Lotus Children's Centre Charitable Trust Not¢s foTming part of the accounts for th¢ y¢ar ¢nd¢d 31 De¢¢mb¢r 2024 I ACCOUNTING POLICIES Basis of Accountlng The financial statements have been p￿pared in accordance with the Statement of R¢¢omm¢nded Prnctic¢: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) published on 16 July 2014, the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. Th¢ accounts hav¢ b¢¢n pr¢par¢d und¢r th¢ historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The trustees consider that there are no material uncertainties about the Charity's abilily to continue as a going concern. Income recognition Income is d¢riv¢d from subscriptions, donations and inv¢skn¢nt incom¢. All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income received can be me&sured reliably. subscriptio￿ donation and inv¢stm¢nt inwm¢ ar¢ all account¢d for on the dat¢ of receipt into the ChaTity'S bank account. Expenditure recognilion Liabilities are recognised as expenditure ￿ soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlemellt will be required and the amount of obligation can be measured reliably. All ¢xpens¢s ar¢ allocated or apportioned to the applicable expendi￿re headings in the statement of fjnancial activities. 2. Related party transactions and trustees, expenses and remuneration The trustees all give freely of their time and expertise without any forni of r¢mun¢ration or oth¢r b¢n¢fit in cash or kind. Expenses paid to the trust¢¢s in th¢ year totall¢d £nil (2023.. £275) and these expenses were r¢imbursement of charitable contributions made by I trustee on behaIf of the charity. There were no related party transactions during the year (2023: £nil)