COMPANYMJMBER.. 06854334 REGISTERED CHAIUTY NUMBEK. 1129398 EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST (COMPANY LIMtTED BYGUARANTEEWtrHOUT SHAPE CAPITAL) REPORT AND FINANCIAL STAIEMENTS FOR THE YEARENDED 30 SEPTEMBER2024
EDP (EDUCATIONAL DBVELOPMENTPROJECTS) TRUST rNDEX TO FINANCIAL STATEMENts FOR THE YEAR ENDED 30 SEPIEMBER 2024 Page No. 1- 3 Trustees, Report (including Directors. Report} Jndep¢nd¢ni Examin¢r'5 R¢port Statement of Finaft¢ial A¢tiviti¢s (including Income and Expcnditure Aceouni) Balance Sheet 7- 13 Notes io the Fina1 Ststements
EDP IEDUCATtONAL DEVELOPMwfpROJECTS) TRUST TRUSIEES, ANNUAL REPORT (tNCLUDtNG DIBEcfoRS' REPORT) FOR THE YEAR ENDED 30 SEpfEMBER 2024 The trustees present their antlual report and financial statements for EDP (Educational DevelopmentProje¢tsl Tnt for thc ycar ended 30 September 2024. The trustees have adopted the provision5 of the Staternent of RQmMended Practicc {SORP) "Accountin8 and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of th¢ Charity. The financial 5tatement5 h4ve be¢n prepwed in a¢wrdan¢¢ with ih¢ 4¢wuntin8 w>li¢ie5 set out in note5 to the accounts and comply with the Memorandum and Articles of Asso¢iation, lh¢ Chariti¢5 A¢t 2011, the Compante5 Act 2006 and Accounting and Reporting by Charities.. Statemet of Rccotnm¢Trded Pra¢ti¢¢ appIlbI¢ to charities preparing their accounts in accordance with the Finathcial Reporting Standard applicable in the UK and Republic of Ereland published in October 2019. Objttlivo ondAdivtiies Th¢ objects of the charity are to advanre any purposes which are charitable under the laws of England and Wales from tim¢ to tim¢ and in particular (but without li]nitation) to VInce education and relieve w>verty for the public benefit. In shaping th¢ obj¢¢iiv¢s forth¢ year and planning the charity'5 activitie5. Ihc trust£e5 referred io the guidan¢¢ conlained in the Charity Commission's general guidance on public benefit whell reviewing the rharity's aims and obj¢¢tives and in planning futtlre tiVIties. Achievements 4ndPerformrtnee Since 2009 th¢ ¢harity has fo¢used OJJ raising funds for Awutu-winton SHS. a senior s¢¢ondary s¢h¢x>l in Ghan4 50 km w¢st of Ara. We Start with an empty block of land, which h&$ now been transformed into impies5ivc Irafy ¢ampus with a large assembly hall, an impressive library, two science laboratories plus a dome5tlC Science building and 12 general classr(>oms. Through a joint venture s¥gThcd with the Ghana Education sIce most tsf our teachers are providcd for free, but EDP directs operations 8t)d monitors standards closely, and ntinueS to raise money for new facilities, general maini¢nan¢¢ and auxiliary stsff. The School. which charges no fees. aim5 to offer a holistic education and provide fLf5t-cla5s ameniti¢s to promising youngsteTS frotn very impoverished backgrounds. With a 51udent population of 500 and class 5ize5 of Ics5 than 40- way below the average in Ghana - students receive mor¢ individual attentlOD. In this way we cAn inert&se their Dfidenc¢, broaden their horizon& and ensu that ihey make th¢ best use of the talents ihey poss¢ss. The school h85 se¢n a great deal of progress in 2024. As well as our a¢hievem¢nts in 2023, we installed a partial yolar system to 51$1 in rynning ihe power requirements to help bypass the polluting generator which ne¢dtd to b¢ in use for much of th¢ time previously due to grid unreliability. The plan is to add to the irtstsllation furth¢r in 2025 to try ond make the school wholly independent in its green energy needs. Our sporting offer has been boosted with additional support in the areas of Rugby and Thicket as well as Nctball. Wc are very lucky to hav¢ a wondethl w)ol donaied by the Princess of Monaeo Foundation, where we teach not only our own students to swim. but also pupils from swrourtding junior schools. To date nearly 10,000 youngst¢rs have bctn tsught to swim at AWSHS. The sports field is now in its second year of use and, &$ well as football, w¢ hav¢ started to class¢s in rngby, crickeL volleyball and athletiC5. For ihe mor¢ ¢r¢otive students, our new Visual Arts Department 15 proving a gr¢al sucrxss, and the next project will be a Music D¢partment. We have a wonderful team of volunteers on th¢ ground assisting us in all th¢se v¢nttJr¢s. Winton Edutional D¢velopment Project Foundation (fomierly known as Awutu Winton Senior High School) is a r¢gist¢r¢d NGO in Ghana. Since 2013. it has produ¢ed and filed its own accounts in Ghani but it is answerable tr) the UK charity. which closely supervises its perfom)ah¢e through the Board of Twstees in th¢ UK aThd a small t¢wn of employ¢es in Ghana.
EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST TRUSTEES, ANNUAL REPORT IfNCLUDING DIREcfoRS' REPORT) (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total in¢ome and endowment for the year has increased by 4.31% (2023 - 8.35VD) and total expenditure for the y¢or has increased by 38.44¥0 (2023- decrease of 8.12Y.). Atihe year end the total unrestricted fi]Thd5 was £30.853 {2023 - £66.6411. R¢Jen¢s Policy Th¢ preseni level of funding is adequate to 5UPPOrt the continuation of the ¢harity for the medium term and the tru5tecs consid¢r the finan¢ial position of the charity to be Satisfactory. Principal FwNdiMgSour¢ Th¢ prirbcipal funding source for the clwity 15 currently by way of donations. Smidure GoverNOllCe undmanugemenl Goveriving DocuméKt EDP{Edu¢aiional Dev¢lopment Prnjects) Trust is acharitablecon)pany limited by guarantee, incorporated on 20 March 2009. The ¢ompany is governed by its Memorandutn and Artirles of Asso¢iation. It registered as a charity with the Chority Commission 0Th 5 May 2009. In the event of the company being wound up, all rnember5 Present and 12 months past ar¢ r¢guired to contribute an amount not exceeding £1. Recnlitmeni andApPoi/rn¢1 ofmembers The directors of lh¢ company ar¢ 3150 ¢harity twstees for the purposes of charity law and under the company's Article5 are known as members. R¢f¢rence ondAdpnilli51rntion Ddoi15 Charity glIralI0rf mimber.. 1129398 Compony registYaÉion number.. 06854334 RegisIeredandpriLPal office.. 135 Little Ann Andover Hampshire SPI 17NW Dlre¢iors and frnslees Th¢ Board of Trnstees ¢onsliiut¢s dire¢lors of the wmpany for the purpose of company law and trustees for ¢h¢ purpose of charity law, with th¢ exception of Nicholas Rob¢rtson, Maxwell John Sayers, Jame5 Lloyd Wi150n and Charlott¢ Ruth Robertson. The trustees serving during the year and since the year-end were as follow5.' David Alexander LunAn Inez Aliee Lunan Nicholas Robertson mWell John SayeTS James Lloyd Wilson Charlotte Ruth Robertsort (non41irector) (non4lirector) (non4irector) ppointed 23 October 2024 (nonaireOr) appointed 3 December 2024 Company secretary.. Inez Alice Lwign
EDP (EDUCATIONAL DEVELOPMENT PROJECTS)TRUST TRUSTEES, ANNUAL REPORT {tNCLUDNG DIREcfoRS' REPORT} (Cont1Thu) FOR TFfE YEAR ENDED 30 SEpfEMBER 2024 Independep Eyaminer.. Barcant Beardon LimitEd Chartered Accountants 8 BlackStk Mews Islington ix)ndon N4 2BT Bankers.. HSBC Bank plc 6 Commercial Way Woking Surrey GU216EZ St¢eN¢ ofihe fruslees, Responslbilllles Th¢ Iru51e¢5 (who, with the ex¢¢ption ofNi¢holas Robertson, MWell John Sayers, James Lloyd Wi150n and Chwl(Trtte Ruth Rob¢rlson, ar¢ also directors of EDP (Educattonal Deyelopmeni Projects) frust for the pyrw)%s of ¢ompany law) are r¢5ponsibl¢ for pr¢poring the Rep)rt of th¢ Trustees and fin8n¢ial statetn¢Dts in acwrdon¢e with 8pplithl¢ law and United Kingdom A¢¢ouniing Stondards (United Kingdom Genera]ly Accepted A¢¢ounting Pradi¢e). Company law requires lh¢ trustees to pr¢par¢ financial statements for ¢h financial yew which giv¢ a tru¢ and fair view of the st*¢ of &ffoirs of the ¢horitsble company &t the balance sheet date and of the incoming r¢SOue$ and appli¢ation of r¢source& in¢luding income And expenditure of the clmritable company for the financial year. In pr¢paring those financial statements. the trustees are required to.. Sele¢t suitable accounting rrt)licie5 and then apply them consistently- Ob5eTve the method5 and principles in the Charities SORP 2019 IFRS 102)., Mak¢ judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any mat¢rial departtw¢s disc105ed and explained in the financial statement; and Prepare the fmanciaj statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The truste¢s are r¢sponsibl¢ for keeping adequat¢ CountIng records which di105¢ with reasonable accurdcy at any tim¢ th¢ finon¢ial position of the charitable Company ond enable them to ensure that th¢ finan¢io1 statements comply with the Companies Act 2006. They ar¢ also responsible for safeguarding the assets of th¢ ¢haritable company and henc¢ for taking r¢asonable Steps for ¢he prevention and d¢t¢¢tion of fraud and other iThegularitie$. This report has been prepared in accordallee with the special provisions relating to small ¢ompani¢s within Part IS of the Companies Act 2006. On behalf of the board. Lunan irecior and Trust¢¢
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDP {EDUCATIONAL DEVELOPMENT PROJECTS) TRUST I r¢port to the charity truses on rny examinion of the accounts of the company for the year ¢nd¢d 30 Scptcmber 2024, which are set out on pa8e5 5 to 13. Rtsponslbllldes ond basls ofreporl As the ¢harity tfU5tees of the Company land also its directors for the purposes of company law) you are responsiblc for Ihe preparation of the accounts in accordance with the requirements of the Companie5 Act 2006 {"the 2006 Act"). Having satisfied myself that the cOUn[S of the company are noi requir¢d to be audit¢d under Part 16 of the 2006 Act and are eligible for independent examin&iion, I report in respect of my exominarion of your wmpany's account5 as atTied out under section 145 of the Charities Aci 20111'th¢ 2011 Act"}. In carrying my cxatnination I have followed Ihe Dire¢tions given by the Charity Commission under section 145{5llbl of the 2011 Act. lftdependenl dyominer's sÉolemenÉ I h8v¢¢ompleted rny exatnination. I conflmi thai no matter has ¢ome to my attention ith cortnection withthe ¢xamination giving m¢ cause to believe that in arty material r¢5pect'. accounting re¢ords were not k¢pt in respect of the e()mpany as required by section 386 of the 2006 Aet. or the accounts do not accord with those record5- or the acGoutLts do not ¢omply with the OoUnting requirements of seetion 396 of th¢ 2006 Art other than any requiretnent that the accounts give a 'tru¢ aThd fair view. which is not a matter considered as part of an independent examination- or the accounts have not been prepared in 8¢cord&nc¢ with the methods princtples of the Statement of Recommended PTa¢ti¢e for accounting and reporting by charities appli¢able to charities preparing theiraccounts in accordan¢e with th¢ Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102). I have no con¢¢rns and have come acros5 no other matters in ¢onn¢ction with the examination to which attentiort should be drawn in this report in order to enable a proper understanding of the accounts io be rea¢h¢d. XS Shu Fen Chung FCCA ACA BARCANT BEARDON LIMITED Chart¢r¢d A¢wunt8nts 8 Blackstock Nlews Islington London N4 2BT
EDP{EDUCATIONAL DEVELOPMENT PROJECTS}TRUST STATEMENT OF FINANCIAL ACTivrrtES (tNCLUDING INCOME AND EXPENDITURE ACCOUND FOR YEAR ENDED 30 SEPTEMBER 2024 Notes Restricted Unrestricted Funds Funds Total Funds 2024 Tot Funds 2023 Income adeOWePlisfr0m.' Donations and legacies Othcr trading activities Investtn¢nt5 144,895 13,724 169 144,895 13.724 169 148.950 3,075 198 Total ill¢OTN¢ and endowtnents 158,788 158,788 152,223 Erpenthiure on Cost5 of raising funds Charitsble ac¢ivities 10.610 183,966 10,610 183,966 4,738 135,811 Total expendibjre 194,576 194,576 140,549 Nei in¢omeJ(exp¢nditure) (35.788) (35,788) 11,674 Transfers betsvvn funds Nel m0ment infyn(bfor theyear (35.788) (35,788) 11,674 Reconcilialton offyndy Totsl fimd5 brought fotivard 66.641 66,641 54,967 Totol funds led forward 30.853 30,853 66,641 The 51atem¢nt of financial tIVItIeS includes all gain5 0Dd losses recognised during the year. All incomc and expenditure derive from continuing activitlC5.
EDP (EDUCATIONAL DEVELOPMENTPROJECTS) TRUST BALANCE SHEET AS AT 30 SEpfEMBER 2024 Notes 2024 2023 CurreK¢Assels Debtors Cash at bank and in hand 12 17,660 23.554 21.976 52,025 41,214 (10,361) 74.001 17,3601 Crethiors.. amounts f8lling due within on¢ y¢ar 13 Nei curreASe¢S 30.853 66,641 Ne¢Assets 30.853 66,641 Fund Unrc5tricted funds - General funds Is 30.853 66,641 Tothl funds 30,853 66.641 For theyear endin830 September2024 the Company wasentitled to ¢x¢rnption from auditunder seetion 477 Companies Act 2006 T¢lating to small companies. Directors, responsibiliti¢s'. The members have nol required the company to obtain an audtt of its accounts for the ytar in quc51ion in cordance with section 476. The directors acknowledge their re5ponsibilitics for compl)Yng with the requirements of the Act wilh respect to counting records and the prepgration of accounls. These flnathcial siatem¢nts ar¢ prepared in a¢cordanc¢ with th¢ sp¢cial provisioni ofPart 15 of the Companies A¢t 2006 relating to small companies. Sigtbed on behalf of the board of trStee$ In¢z Alice LunaD Director and 15tee The notes on pag¢ 7- 13 forni part of these financial 5tattments. Company R¢gistralioTh No. 06854334
EDP {EDUCATIONAL DEVELOPMENT PROJECTS) TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1.0 Aceoundll¥Pollel The principal acci>unting policies adopted, judgements and key sour¢¢s of estimation uncertainty in the prepardtion of the financial statements are a5 follow5.. l.J General Erformalion b( ofprepL7fL71EO EDP (Educational Development Projects) Trust is a company limited by guarantcr and has no share capital. In th¢ event of ¢h¢ ¢harity b¢ing wound up, the liobility in respect of the suarantce is limited to £1 per member of the tharity. Th¢ regtstered offi¢¢ is 135 Little Ann, Andover, Hampshire SPI17NW The charity con5titute5 a public benefit entity defiThed by FRS 102. The finaneiai statements havc be¢n prepared in accordance with Accounting and Reporting by Charities-. Statement of Recommended Practice appli¢abl¢ to Charities pr¢paring iheir a¢counis in occordance with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland issued in O¢tob¢i 2019, th¢ Financial R¢porting Standard appli¢able in the UK and Republi¢ of Iteland (FRS 102), the Chariii¢S Act 2011, the Compani¢5 Act 2006 and UK Generally A¢ccptcd Practicc. The financiai stat¢ments ore prepared on a going basis underthe historic cosi convention. Th¢ financiol ststem¢nts ar¢ prepared in sierling, which is the nCtIOnal curr¢n¢y of th¢ mPanY. Monetary ajnounts in these fLiiai]cia] 5tateJnents are rounded to the nell5t £. 1.2 Fundaccounling Unrestricted funds are available for use at the discretion of the ¢ru#¢es in h]rtherdnce of the genera] objertives of the charity and which have not been designated for other purpos¢s. D¢sign8t¢d fvnd5 ore unrestricted funds earn]arked by the truste¢5 for particular purposes. Restricted funds are subj¢¢t to restrictions on their ¢xp¢nditw¢ imposed by th¢ donor. 1.3 Income recognilion All incoming resour$ ar¢ included in th¢ Statement (Trf Financial Activitie5 (SOFA) when th¢ charity is legally entiil¢d ¢0 the income after any performance wnditions hav¢ b¢¢n m¢L the amount can be measured r¢ltably and it 15 probable that the incornt will be rettived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there ar¢ conditions atta¢hed to the donation and this requires a lev¢] of p¢rfoTm&nc¢ b¢for¢ entitlement can be obtained. then income is deferred until Those wnditions ar¢ fvlly met orthe fulfilmeni of thos¢ conditions within th¢ control of the charity and it is probable that they will be fitlfill¢d. In¢ome from government and other grants are re¢ogni5¢d at fair value when the charity has entiilement aft¢r any perfonnance conditions have been met, it is probable ihat the income will be re¢¢ived, Snd the amount can be measured r¢liably. If entitlement is not met, then these amounti #re deferred. Income from tradin8 activities includes inco]ne earned from fundroising ¢v¢nts and trading activitie5 to raise funds for the Charity. Income is received in exchange for supplying g(x)ds and services in order to ralse funds and is re¢oRnised when entitlement has occurred. Interest income 1$ reeogrtised when receivAbl¢ and ihe amount can be me&sured reliably by th¢ charity. this is nornially upoTh notification of the interest paid or payable by the Bank.
EDP{EDUCATIONAL DEVELOPMENT PROJECTS) IRUST NOTES TO THE FfNANCEAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEFJENIBER 2024 1.4 E¥pendilure recognilion Expenditure is recognised on an aecnRI basis where there is a legal or ¢o[LStsCt1ve obligation lo make payments to third porties, it is probabl¢ thaithe settl¢m¢nt will be required 8ndtheamtsuntof the obligation can be measured reliably. Expenditure is classifiEd under the following headings-. Costs of raising fijrtds comprise the costs incurred on acliviti¢s that r¥i5¢ funds. Expenditure on charitable activities comprises those costs incurred by the ¢harity in the delivery of its activities and services. It includes trK>th costs that can be a]located directly to such activities and thos¢ costs of an indirect natur¢ nec¢ssory ro supwrr them. Other expenditure represents those items not falling into any other heading. Irreeoverable VAT i$ chtr8ed as an expense against the activity for which expenditure arose. 1.5 Suppori costs alloc10 Support Costs are those functions that assist the work of the Gharity but do tt directly represent charitable activities and include premises ovetheads, offiec, finance and governance costs. They art incurred directly in 5UPPOrt of expenditure on the objects of the charity. Where support costs canntsi be dirrdly attributed to particular h¢adings th¢y hav¢ b¢en allo¢Ht¢d io ¢ost of raising funds and expenditure on charitable adivities on a basis consist¢nt with use of the resources. J.6 Debiors Trad¢ and oth¢r deb¢oTS are rw)gnis at tIie Settlement amount. Prepaymet]is are yued at the amount prepaid. 1. 7 Credilor5 andprovisions Creditors and provisions are Te¢ognised wh¢re th¢ charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimaied reliably. Creditors and provisions are nomially rewgnis¢d at their ttlement amount. 1.8 Provi5101 Provisions arc reco8nisd when the charity ha5 an obligation at the balan¢¢ sh¢et date as a result of a past evenl it is probable that an outnow of economic benefits will be requir in settlement and the amount can be reliably estimated. 1.9 Foreign currencies Foreign currency tran58Ctions are initially recognised by applying to the foreign ¢urren¢y amouni the spoi exchange rate between the n¢ti0t1al currency and the foreign currency at the date of the transaction. Monetary assets and liabilitiEs denorninated in a foreign curreney at the balance sheet date are translated using the closing rnte.
EDP (EDUCATIONAL DEVELOPMBNTPROJECTS) TRUST NOTES TO THE FNANCIAL sTATENTs (Continued) FOR THE YEAR ENDED 30 SEPtEMBER 2024 2O CHÈicalA¢counllMg Eslimoles andJ#dgements In th¢ appli¢atiot) of the charity's a¢eounting policies, th¢ tw$t¢es are r¢quired to make judgements. C5timate5 and assumptions about the raTrying of a5srts and liabilities that are not readily apparent from othcr sources. The estitnatC5 and associated assumptions arc based on historical experience and other factors that are ¢onsid¢r¢d io be rrlcvallt. Actual result5 tnay diffrr frTrm thesc estitnat¢s. The estimates and undcrlying a5SUmPtions are reviewcd aJL ongoing basis. Revtsions to accounting estimate5 ar¢ recognised in thc period in which thc estimate is revised where the rrvision affects only that period, or in the pcriod of thc revision and future periods where the revision affects both currctht and future periods. 3.0 Jttcomefrom Donalions 4KdLegt7Ci 2024 2023 Gifts Gift Aid tax reclaims Grants Sundry income 119.239 18,310 1,000 6,346 125,409 22.045 1.496 144,895 148.950 3.1 Incom¢ from donation and legacies was £144,895 {2023 - £148.950) of which £nil (2023- £nil) was attributable to r¢stri¢ted ahd £144.89512023 - £148,950) was attributable to unrestrictsd funds. 4.0 Incon/ Oiher Trrtdth8Acdvill Unrestricled 2024 UThrestricted 2023 Fundraising events 13,724 3.075 5.0 InCOnfrom Inveslments Unrestricted 2024 Unrestricted 2023 Bank interest (UK) Interesl-other 158 198 169 198 6.0 Erpendlture on R4isin8 Fumds Unrestricted 2024 Unresuirt¢d 2023 her fundraising COMS 10,610 4.738
EDP (EDUCATIONAL DEVELOPMENfpROJECTS) TRUST NOIES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YBAR ENDED 30 SEPTEMBER 2024 7.0 Analysts ofExpendilure on ChorilobleAcliviliEs Charitable Activities 2024 Activities und¢rtak¢n directly 2024 Support Costs Gov¢rnanc¢ costs Total 2024 2024 2024 Donations to Winlon Education Development PTOj¢¢t Foundation School supplies and maintengnce Travcl Costs Support costs Governance 161.279 10.897 8,986 161,279 10,897 8,986 824 1,980 824 1,980 181.162 824 1,960 183.966 7. 1 Charitsble Actiwties 2023 Activities und¢rtak¢n directly 2023 Support C05t5 Governanc¢ costs Total 2023 2023 2023 Donations to Winton Education Development Project Foundation School suppli¢s and maint¢nan¢¢ Travel costs Support C05t5 GoverDance 125,000 642 7,872 I25,0 642 7,872 317 1.980 317 1.980 133,514 317 1,980 135,811 7.2 Of th¢ £183,966 ¢xpendih]re in 2024 (2023 - £135,811). £nil (2023 - £nil) w8s attributable to restricted furtds and £183,96612023 - £135,811) was attributsbl¢ to unrestricted funds. 8.0 Anulysls f)lSuppori Governance Costs Support costs Governan¢¢ Costs Total 2024 Total 2023 Office Finance and professional Accountancy 345 479 345 479 1,980 122 195 1,980 1.980 824 1,980 2,804 2.297 10
EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST NOTES TO THE FNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 9.11 NerINconW(EyndllureJforlhe Year 2024 2023 This ix sloied ufter chor8in@(¢rediÉing).' Ac¢ountan¢y and other fees IndependeTJt examination 990 990 990 990 10.0 Tpuslee Remunerailom qndExpeMseJ No Irust¢e5 r¢G¢ived any remunera¢ion during th¢ y¢gr (2023 - none). TrAvel and subsistence costs atnounting 10 £2,789 (2023- £1.883) were paid by th¢ charity for two (2023- three) members of th¢ Board of Tru5te¢5. No Irustte or oiher person r¢lated to the ¢h8rity had any personal inierest in any wntrn¢t or transactiOTJ ent¢r into by the charity during the ye•r (2023- non¢). EDP (Educational Developm¢nt Projerts) Trust is considered to pa55 th¢ tests Set out in Paragraph l. Schedule 6 of the Finance Act 2010 and thcrefor¢ it tneets the definiiion of a ¢haritsble company for UK ¢orporation t purpose5. Accordingly. the charity is potentially ¢x¢mpi from thxation in respect of income or ¢apital gains ieceived within categorie5 cOred by Chapter 3, Part I l of the Corpoiation fax Act 2010 or Se¢tion 256 of the T&xation of Chargeablt Gain5 Act 1992, to th¢ extent su¢h inwme or gains are applied exclusively to haritabl¢ purposes. 12.0 Debiors 2024 2023 Oth¢r d¢btors 17,660 21,976 13.0 Credilors.. Amounts Foulng Due Wlihin Ofte Year 2024 2023 Aru81$ Deferred income Other creditors 1,980 1,860 5,500 8,381 10.361 7.360 14.0 Deferred IHcon Def¢rred income comprises of monies e1Ved in ¥dYan¢e towards an event in Jwie 2024. Totsl Balance as at l October 2023 Amount r¢leased to in¢(Trme earned from charitable a¢tiviti¢s 5,500 {5,500) Bglan¢e as a¢ 30 Sept¢mb¢r 2024
EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 JS.O of Churiluble FndS UnresiricfedFun&Y- curre Year Balance l O¢t 2023 Incoming Resources Outgoing Resources Transfcrs Balance 30 Sep 2024 General funds 66,641 158,788 (194,576) 30,853 Upwestric¢edFunds- Previous Year Balance l Oet 2022 Incoming Resources Outgoing ResourGe5 Transfers Balance 30 Sep 2023 General funds 54,967 152,223 1140,549) 66,641 Name ofurtrestriciedftsnd Descrlpiion, andPurpe$ ofihefyk Generdl funds The"fr¢c re5eTVeS" after allowirtg for any designated funds. l&lJ Anatysis ofNdAs5ets behveem F4nd5- Current Yei Restricted Funds 2024 Unresrri¢t¢d Funds 2024 Total 2024 C&sh in bank and in hand Other net cvtTent as3etsllliabiliti¢s) 23,554 7.299 23,554 7,299 30.853 30,853 Analysis oJNe¢Assets belweem Funds-PrevioM5 Yefjr Restricted Funds 2023 Unrestricted FuThd5 2023 Totsl 2023 Cash ith bank and in hand Other net eurrent assetsl(liabilities) 52,025 14,616 52,025 14,616 66,641 66,641 12
EDP (EDUCATIONAL DEVELOPMENf PROJECTS) TRUST NOTES TO THE FtNANCIAL STATEMENfs (Conlinued) FOR THB YEAR ENDED 30 SEPTEMBER 2024 17.0 RelaiedPoty TrunsactionF As part of the charity's artivity. funds wer¢ remitted to Winton Edu¢ationai Development Project Foundation )d this expendiiure is in¢orwTrrated in the Stst¢ment of Finan¢id Aclivities. Ckne trustee of the charity is aiso a member of the Executive Coun¢il for Winton Edu¢81ional Development Project Foundation. Aside from trustee remuner1On and expettses di10$ed in note 10. three ni¢mb¢rs (2023 - three members) of th¢ Board of Trnstees and their close fatnilies donated £65.65012023- £78,060) to the charity during the ye. 13