COMPANYNUMBER: 068543i4 REGISTERED CHARITY NUMBER. 1129i98 EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST (COMPANY LIMITED B Y CIIJARANTEE WITHOIIT %HARE CAPITALI REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER2025
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST INDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Page No. 1 3 Trustees. Annual Report (including Directors, RepL)rt) Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet 7- 12 Notes to Ihe Financial Statements
EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and financial statements for EDP (Educational Development Projects) Trust for the year ended 30 September 2025. Tlie trustees have adopted the provisions of the Statemeiit of Recoinmended Practice (SORP) 'Accountin¥ and Reporting by Charities" (FRS 102) in prepariii¥ the aniiual rewrt aiid finaiicial ststements of the charity. The financial statements have been prepared in accordance with the accounting policies sei out in notes to the accounts and comply with ihe Memoranduni and Articles of Association, the C.hariiies Act 201 I, the Companies Act 2006 and Accounting and Reporting by Charities.. Staieinent of Recoinniended Practice applicable to charities preparing their accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Irelaiid published in October 2019. Objeclivcs éthdAciiviliÉs The objects of the charity are to advance any purposes which are charitsble under the laws of England and Wales from time to time and in particular (but without limitation) to advance education and relieve poverty for the public benefit. In shaping the objectives forthe year and planning the charity's activities, the tNstee5 referred to the guidance contained in the Cliarity COmls5l0lI's ¥eneral ¥uidaiice on public benefit wlien reviewing the charity's aims and objectives and in planning future activities. Achievemenls andPerformunce Since 2009 the charity has focused on raising funds for Awutu-winton SHS, a senior secondary school in Ghana, 50 km west of Accra. We started wilh an empiy block of land, which has noiv been iransfomled into an impressive leafy campus ivith a lar(Te assembly hall, an impi'essive library, two science laboratories plus a domestic science building and 12 general cl&ssrooms. Through a joint venture signed with the Ghana Education Service most of our teachers are provided for free, but EDP directs operations and monitors sL2ndards closely, and coniinues tl) raise money for new facilities, general maintenance and auxiliary siaff. The sch(iol, which charges no fees, aims to offer a holistic education and provide first-class amenities to promising oungsters from very impoverished backgrounds. With a student population of 500 and class sizes of less than 40 way below the average in Ghana tudent% receive more individual attention. In this way 'e can increase their confidence, broaden their horizons, and ensure that they Inake ihe best use of the tal¢nt5 they possess. The school has again seen agreat impi'oveinent in facilities thanks to our donors, events, and projects. We have installed further solar panels as well as batteries at the school to allow the school to be insulated from Wer cuts from an unreliable grid and 10 reduce the ongoing running costs of the school, effectively making the school's energy supply wholly independcnt. A large amount of cricket equipment and clothing has been donated to bi)Ister the sports depaitment. Multiple high-quality instrlltnents have a150 been donated to a5Sj5t in the setup of the music departtnent. Winton Educaiional Development Project Foundaiion (fonnerly known as A wutu Winton Senior High School) is a registered N60 in Ghana. Since 2013, it has produced and filed its own accounts in Ghana, but it is answerable to the UK ¢hariry, which closely supervises its performance Ihrough the Board of Trustees in the UK and a small team of eTnployees in Ghana.
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST TRUSTEES, ANNUAL REPORT (INCLUDtNG DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Finoncial Review Total income and endoivment for the year have increased b!, J8.33 /0 (2024- 4.31 % l and total expenditure for the year has increased by 5.2401ts (2024- 38.440/01. At the year end ihe toial unrestricted funds was £45,7JO (2024 £30,853}. Reserves Poliry The present level of funding is adequaie to support the continuation of the charity for the medium tern) and the tjustees consider the financial position of the charity 10 be satisfactory. Principal Funding,Souvces The principal funding sourte for the tharity is currently by way of donations. Siruclure Governance and Munagemenl EDP (Ediicatioiial Development Projects) Trust is a charitable compaiiy limited by guarantee, inCOTpofdted 20 March 2009. The company is governed by its Memorandum and Articles of Association. It registered as a charity with the Charity Commission on 5 May 2009. In the eveni of the company being wound up, all members present and 12 months past are required to contribute an amount not exceeding £1. Recpuilm£nl andAppoiKlmenl of,Vembers The directors ol'the eompany are also eharity trustees for the purposes of charity law and under the company's Articles are known as members. Referenee andAdminisirthiivh Deialls Charity regiJtrulion number.. 1129398 Company w8gistvation Kumber.. 06854334 Regijieredandprincipul office." 135 Little Ann Andover Hampshire SPII 7NW Divectops g)Kd Trttiiee.s The Board of Trustees constitutes directors of the company for the purpose of coinpany law and tn]stee5 forthe putpose of charity law, with the exception of Nicholas Robertson, Maxwell John Sayers, Jaines Lloyd Wilson and Charlotte Ruth Robertson. The trustees serving durin¥ the year aiid since the year-end were follows.. David Alexandei Lunan Inez Alice Lunan NiLholas Robert501i Maxwell John Sayers James Lloyd Wilson Charloite Ruth Robertson Inon41irectorl Inon4Jirectorl Inon4lireciorl appointed 2i October 2024 Inon4lirecior) appointed J December 2024 C.ompaw' secretary Inez Alice Lunan
EDP (EDUCATIONAL DEVELOPMENT PROJECTS) TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ldePenden1 Examiner.. BarLant Beardon Limited Chartered Accountants 8 Blacksiock Mews Islingion London N4 2BT Bankers." HSBC Bank plc 6 Commercial Way Woking Surrey GU216EZ Stutemeftl of the Trustees, Respomsibllitles The trustees (who, with the exception of Nicholgs Robertson. Maxwell John Sayers. James Lloyd Wilson and Charlotte Ruth Robertson, are also directors of EDP (Edllcational Development Projects) Trust for the purposes of company la) are responsible for preparing the Report of the Trustees and financial statemet]ts in accordance H'ith applicable law and United Kiiiudoin ALLountin¥ Staiiddrd5 {Uiiited Kingdom Geneially ALLePted Accounting PiaLtice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair vieiv of the state of affairs of the charitable company at the balance sheet dale and of the incoming resources and application of resources, including iiicome and expeiiditure of the charitable company for the fiiiancial year. preparing those financial statements, the tStee5 are required to.. SeleLt suitable aLcounting poliLies and theii apply them consistently; Observe the Inethods and principles in the Charities SORP 2019 IFRS 1021; Make judgements and estimates that are reasonable and prudent,. tsie whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial stateinent; and Prepare the finaiicial statements on the &Toing coiicern basis unles5 It is itjappropriate to presume that the charitable company will Continue in operdtion. The trustees are responsible for keeping adequate accounting recL)rds which disclose wilh reasonable accuracy at any time the financial position of Ihe charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for takingF reasonable 5tep5 for the prevention and detectiot] of fraud and other itTegFularities. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. On behalf of the board. David Lunan Director and Tru%tee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDP {EDUCA TIONAL DEVELOPMENT PROJECTS) TRUST I report to the charity tst¢eS on my examination of the accounts of the cornpat]y for the year ended 30 September 2025, which are set out on pages 5 to 12. ReJpon&ibililies artd busis of report A5 the Lharity trustees of the eoinpaiiy {and also its directors for the purposes Of company lawl you are responsible for the preparation of the aLLounts in aLcordanLe with the requiren)ents of tl)e Coinpanies Act 2006 {"tl)e 2006 Act"). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinaiion, I report in respect of Iny examination of your compan} s accounts as carried oui under section 145 of the Charities Act 2011 ("rhe 201 l Act"). In carrying my examination I have followed the Directions given the Charity Commission under section 145(5Xb) of the 201 l Act. Independenl exaniiner s s¢ulemenl I have completed my examination. I confirm that no matter has come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord ivith tho%e record%: or the a¢count% do not comply with Ihe accounting requirements of section 396 of the 2006 Act other than any requireinent that the accounts give a 'trne and fair view, which is not a matter coiisidered as part of an independent examination., or the ac¢ount% have not been prepared in accordance with the mcthods and principles of the 8tatement of Recommended Prgrtice for accounting and reporting by chariti¢s applicable ti) charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have concerns and have come across no other matters in connectioii with the exaininatiotj to which atteiitioii should be drawn in thi5 report in order to enable a proper understandinbF of the account5 to be reached. Shu Fen Chung FCCA ACA BARCANT BEARDON LIMITED Chartered Accountants 8 Blackstock Mews Islington London N4 2BT
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR YEAR ENDED 30 SEPTEMBER 2025 Notes Restricted Unrestricted Funds Funds Total Funds 2025 Total Fujids 2024 I0£ L7nd endowm8nls Irom.. Donation5 and leuaLleS Other tradin¥ aLtivities Investments 219,401 105 139 219.401 105 li9 144.895 l i.724 169 Total income and endowments 219,645 219.645 158.788 E¥pedi1re o Costs of raising funds Charitable activities 10,610 183,966 204.768 204,765 Total expenditure 204,768 204,765 194,576 Net income/(exp¢nditur¢) 14,877 14,877 135,788) Transfers betive¢n funds Nei mOvemÉl infKd.$fQr iheyeov 14,877 14,877 135,788) ReconcEliakion offund.s Total funds broiight foiTrvard iO,853 30,853 66,641 Total funds Caled fotivard 45,730 45,730 30,853 The stateinent of fmancial activitieg includes all gaing and losses recognised during the year. All income and expenditure derive from continuing activities.
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST BALANCE SHEET AS AT 30 SEWFEMBER 2025 Notes 2025 2024 Currenl Assels Debtors Cash at bank and in hartd 12 26.137 17.660 49.690 (i,960) 41.214 {10,J61) Creditor5.' amounts falling due within one year 13 Net CurrekFi Assets 30.853 45,730 30,853 Fund5 Ullrestricted funds General funds 14 45,730 30,853 Toial funds 45,730 30,853 For the yearending JO September2025 the compaiiy was entitled to exemptiot] from audit ut]der section 477 Coinpanies Act 2006 relating to small companies. Directors, responsibilities.. The inembers have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statcmcnts are prepwed in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small companies. Signed on behalf of th¢ board of trustees Inez Alice Lunan Direcior and frusiee Z44o611016 The notes on page 7 - 12 forn] part of these financial statements. Company Registration No. 06854334
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 l.lj Accounlimg Policies The principal accoiinting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follow5.. l. I Cieneral illf(Jrmalion und basis ofprepuralion EDP (Educational Development Projects) Trust is a company limited b}. guarantee and has no share capital. In the event of the charity being woiind up, the liability in respect of the guarantee is limited to £1 per meinber of the charity. The re¥Fi5tered office is 135 Little Ann, Aiidover, Hatnpshire SPI17NW The charity constitutes a public benefit entity as defined by FRS 102. The financial ststeinent5 have been prepared in accordance ivith Accounting and Reporting by Charities.. Stateinent of Recotnmended Practice applicable to charities preparing their account5 in accordance with the Finaiicial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charitie5 Act 201 l. the Compaiiies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going coi)cem basis under the l)istoiic cost convention. The financial statements are piepared in sterling, which is the functional currency ol'the company. Monetary amounts in tl)ese rinaneial statements are rounded to the nearest £. 1.2 Fund uocounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of ihe chariiy and ivhich have not been designated for oiher purposes. Designaied funds are unrestricted funds eannarked by the Irusiees for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor. Income we¢<)gk7illOn All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally eniitled to Ihe income after any performance condiiions have been met, the amouni can be measured reliably and it is probable th81 the income will be received. For donations to be recognised the charity will have been notified of the amount5 and the Settlement date in writing. If there are conditions attached to the donation and thi5 requires a level of perfomiance before entitlcment can be obtsined, then iiicoine is deferred until those condition5 are fully mct or the fulfjlment of those condition5 IS within the control of the charity and it is probable that they will be fulfilled. Income from government and other grants are recognised at fair value when the charity has entitlemet)t after any perfomiance condilion5 have been n)et, it is probable that the it)come will be received, and the an)ount can be measured reliably. If entitlement is t)ot met, then these amounts are deferred. Incoine from trading activities includes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when eniitleinent has occurred. Interesi income is recognised when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 1.4 Erpendlture recognition Expenditure is recognised on an accrual basis where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlemei)t will be required and tl)e amount of the obli¥atioi) can be measured reliably. Expenditure is classified undei the following headin¥s'. Costs of raising funds comprise the costs incurred on activities that raise funds. Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its aciivities and services. li includes &)th costs that Can be allocated directly to such activities and those costs of an indireci nature necessary, to support them. Other expendiiure represenis those items not falling into any other heading. Irrecoverable VA T is charged as an expense against the aciivity for which expenditure arose. 1.5 Supporl cotsis ullocaiio Support costs are those functions that assist the work of the charity but do not direcily represent charitsble activities and include premises overhegds, olTice, finance and govemance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and ¢xpenditure on cliaritabl¢ a¢tivities on a basis consistent with iise of the resources. 1.6 DEhiov.% Trade and other debtors are recognised at the 5ettleinent amount. Prepayments are valued at the amouiit prepaid. 1. 7 Cvedilors undpwovi510nS Creditors and provisions are recogni5ed where the charity ha5 a present obligation resulting from a past eveiit that ivill probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measuied or estimated ieliably. Creditors and provisions are nonnally recogi)ised at their settlement amount. 1.8 P*nvisions Provi5ion5 are i"e¢o¥nised when the chai.ity has an obligation at the balaiice sl)eet date as a iesult of a P1( St event, it is probable that an ouiflow of economic benefiis will be required in setilement and the aniouni can be reliably estimated. 1.9 Foreign currencies Foreign currency ti'ansactions are initially recognised bv applying to the foreign cuirency amount the spot exchange ra between the functional currency and ihe toreign currency at the date ot the transaction. Monetary assers and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.1) CrilicalAccouMting Eslimales and Judgenients In the application of the charity's accounting policies, the trnstees are reqiiired to make jiidgement5, estimates and assumption5 about the carryingl ainount of assets and liabilities that are not readily appareiit from other sources. Tl)e estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may ditTer from these estimates. The estimaies and underlying assumptions are reviewed on an ongoing basis. Revisions io accounting estimates are recognised in the period in which the estiinate is revised where the revision affects only that period, or in the period of the revision and future period5 where the revision affect5 both cuent and future periods. 5.0 Incomelrom Donaiiolls LeRucies 2025 2024 Gifts Gift Aid tLx reclaims Grants Sundry income 187,211 27,550 119.2i9 18.ilo 1,000 6,346 4,640 219,401 144,895 Income from donation and legacies was £219,401 12024- £144,895) of which £nil (2024- £nil) was attributable to restricted and £219,401 12024- £144,895) was attribiitable to unrestricted funds. 4.0 Incomefrom Oiher Trading Aclivilies Unrestricted 2025 Unrestricted 2024 Fundraising events 105 5.0 Inrfjmefpom InveslmeRI. Unrestricted 2025 Unrestricted 2024 Bank interest IUKI Interest- other li9 158 139 169 6.0 Expendilure Raising Funds Unrestricted 2025 Unrestricted 2024 Other fundraising costs 10.610
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 7.0 Anutysis ofExpendilure om CharitableAclivilies Chaiitable ALtivities 2025 Activities uiidertaken directly 2025 Support Lts5ts Governance cost5 Total 2025 2025 2025 Donations to Winion Educaiion Developmeni Projeci Foundaiion School supplies and maintenance rravel costs Volunteer Costs Coral restoration project Suppon cosis Governance 165.796 20.189 165.796 20.189 4,275 5,300 6.131 1.097 1.980 5.300 1,097 1,980 201,691 1,097 1,980 204,768 7. J Chariiabl¢ Activities 2024 Activitie5 undcrtaken dirertly 2024 Support osts Governance costs Total 2024 2024 2024 Donation5 to Winton Ediication Development Project Foundation School 5upplie5 and maintenance Travel cost5 Support Losts Govtmance 161,279 10,897 8,986 161,279 10,897 8,986 824 1,980 824 1,980 181.162 824 1,980 18i.966 7.2 Of the £204,768 expenditure in 202.5 {2024 - £183,966), £nil (2024 - £nil) was attributable io restricted funds and £204,768 {2024- £183,966) was attributable to unrestricted funds. 8.0 Analysis of Supporl and Governance Costs Support ¢osts Governance costs Total 2025 Total 2024 Offic¢ Finance and professional Accountancy 232 865 232 865 1,980 345 479 1,980 1,980 1,097 1,980 3,077 2,804
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 9.1) Nel Income/{Expendilure)for Ihe Year 2025 2024 Thij Jlul¥d ufi¥r churginO(¢rvdilifig)." Accountancy and other fees Independent examination 990 990 990 990 JO.0 Trustee Remuneratlon andExpenses No trustees received any remuneraiion during the year12024- none). Travel and subsistence costs amounting to £470 {2024- £2,789) wer¢ paid by the charity for one member {2024- two) of the Board of Trustees. No trustee or other person related to the charity had any pet50nal interest in any contract or transaction entered into by the charity during the year (2024- none}. EDP {Educational Developineiit Project5) Trust is considered to pass the tests set out in Paragraph I, Schedule 6 of the Finance Act 201 O and therefore it ineet5 tlie defiiiition of a charitsble compan), for UK corporation tax purposes. Accordingly. the charity is potei)tially exempt from taxatioi) in respect of income or capital gains received ivithin categories covered by Chapter 3. Part I l of the Corporation Tax Act 2010 or Section 2.f6 of the raxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 12.0 Debiors 2025 2024 Oiher debtors 26,137 17,660 13.0 Credilurs.. Amounts Fulling Due Wiihin One Year 2025 2024 Trade creditors AC£alS Other creditors 1,980 1,980 1,980 8,381 3,960 14.0 Anutysls of Chtsrltuble FMhd& Unreslricled Funds- Current Fear Balance l Oct 2024 Incoming Resources Outgoing Transfers Resources Balance 30 Sep 2025 General funds 219,645 {204.768) 45,730
EDP(EDUCATIONAL DEVELOPMENT PROJECTS)TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2025 L'nreslricted Fund5- Pr?105 lear Balance l Oct 2023 Incoming Resources Outgoing Tiansfers Resouiees Balance 30 Sep ?024 General funds 66,641 158,788 (194.576) Name 0fullres1ricledfz4d Descripti(Jn, trE undpurp05es of the fund General funds The'free reserves" after allowing for any designated funds. 15.0 Allalysis ofNelAssels belween Funds- Currenl Year Restricted Funds 2025 Unrestricted Funds 2025 Total 2025 Cash in bank and in hand Other net ciirrent assetsllliabilities) 23,553 22,177 2),553 22,177 45,730 45,7iO Anutysis of Ne#A55ets behveen Fund5- Previou5 Yeur Restricted Fund5 2024 Unrestricted Fund5 2024 Total 2024 Cash in bank and in hand Other net cutrent assetsllliabilities) 23,554 7.299 2i,554 7,299 30,85i iO,85i Relaled Party Trunsacliolls As part of the charity's activity. funds weie reinitted to Winton Educational Development Project Foundation, and this expendiiure is incorporated in the Statement of Financial Activities. One trustee of the charity is also a member of the Executive Council for Winton Edllcational Development Project Foundation. Aside froin irustee reinuneration and expenses disclosed in note 10, five members (2024 - three members) of the Board of Trustees and their close families donated £108,241 (2024- £65,650) to the charity during the year.