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2022-03-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 04 2021 To 31 03 2022

Section A Reference and administration details

Charity name Children Promotion Society Orphanage Nepal

Children Promotion Society Orphanage, Children Promotion Other names charity is known by Society Nepal, CPS Nepal, CPS Orphanage, CPS Orphanage Nepal, CPS Registered charity number (if any) 1137324 Charity's principal address 17 High Street Willingham Cambridge Postcode CB24 5ES

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Karen Chamberlain
Julia Adams
Jan Hall

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Trust Deed (eg. trust deed, constitution)

How the charity is constituted Trust (eg. trust, association, company)

Trustee selection methods Founding trustees (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To relieve the poverty and advance the education of orphans in Nepal in particular but not exclusively, those at the CPS Orphanage by the provision of facilities and financial assistance.

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The purposes of the Children Promotion Society Orphanage Nepal (CPS Nepal) are to relieve the poverty by providing for the physical needs of the children who live at the orphanage and to advance their education. In order to achieve these objectives, CPS Nepal has funded the costs of house rental, utilities, food and staff to care for the children. In addition, it has met the costs of health and dental care. CPS Nepal has funded the cost of school fees, school registration, all books and school uniforms for the children.

CPS Nepal has advanced education by commencing a bursary scheme for local children living in poverty who have not been receiving a suitable education. It has funded the cost of school fees, school and exam registration, books, uniform and shoes.

Summary of the main activities undertaken for the registration, books, uniform and shoes. public benefit in relation to The trustees have taken the Charity Commission’s guidance on public these objects (include within benefit into account when making any decision it is relevant to. this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

During 2021/22 CPS Nepal continued to provide funds to care for and educate the 20 children living in the orphanage house. A house move took place in November 2021 in the same local area. The 18 school students studied in person and online during this period depending on the COVID situation. The 2 second-year college students also studied online for part of their course due to COVID restrictions and their Plus 2 college exams were postponed to August 2021. Both have now completed these exams, reached the age of 18 and have been signed off by CPS Nepal. All CPS students aged over 12 have received 2 doses of the Pfizer vaccination.

CPS Nepal has continued its bursary programme for 9 local children who are living in poverty to enable them to access a good education. Unfortunately it has again been impossible for the trustees to visit during this period due to COVID restrictions. The majority of CPS funding is by regular donors who have continued their support. The Virginmoneygiving site closed during this period – regular donors who used it have in the main set up a standing order instead. Sponsored events, such as the 2021 Royal Parks half marathon, have again been postponed. 2021 Christmas felt sales did not take place as the trustees were unable to visit Nepal and re-stock supplies. In this accounting period, there was a shortfall of £6,398. This shortfall is less than in the previous accounting period. CPS Nepal has always ensured that there is a healthy reserve of funds to cover 2-3 years’ expenditure in case of unforeseen emergencies, this reserve fund totalling £68,223 as at 31/03/2022. CPS Nepal has sufficient reserves to cover the small shortfall. In addition, fundraising activities will be able to re-commence in the next accounting period now that the COVID situation is resolved. The trustees are confident that CPS Nepal is able to continue to fulfil its objectives and activities as set out in its governing document.

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Section E Financial review

Brief statement of the CPS Nepal maintains an appropriate level of reserves (£68,223 charity’s policy on reserves in 2021/22), equivalent to approximately 2/3 years’ running costs, to cover the possibility of fluctuations in donations and to cover any unforeseen contingencies.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include CPS Nepal’s principal source of funds is private donation. additional information, where relevant about:

Section F Other optional information

The aims of CPS Nepal for the future are to continue to provide for the physical needs and education of the 18 children who reside at the orphanage.

CPS Nepal will continue to fund bursaries for the 9 children already receiving assistance and will increase the number of bursaries to more local children living in poverty who are not receiving an education if funding allows.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Karen Chamberlain Position (eg Secretary, Chair, Treasurer etc) Date 23/12/2022

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Charity Name No (if any) CPS Nepal 1137324

Receipts and payments accounts

CC16a

For the period Period start date Period end date To from 01/04/2021 31/03/2022

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £		 Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Restricted funds
to the nearest £		 Endowment
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £

Donation		 21,709 - - 21,709 20,970
Sponsorship 500 - - 500 2,300
Gift Aid 1,901 - - 1,901 1,398
Interest 37 - - 37 91
FX Gain 1,100 - - 1,100 52
Sub total(Gross income for AR) 25,247 - - 25,247 24,811
A2 Asset and investment sales, (see
table).
-
- -
Sub total - -
Total receipts
A3 Payments
24,811

Salaries		 4,219 - - 4,219 4,536
Rent 3,936 - - 3,936 6,315
Food/oil 9,373 - - 9,373 9,046
Water 760 - - 760 793
Light & Heat 496 - - 496 456
Householdproducts 380 - - 380 532
Toiletries 403 - - 403 488
School Fees 6,729 - - 6,729 6,352
School Uniform 571 571 1,137
School Books 380 380 476
School Sundries 120 120 616
Internet 129 129 134
Medical 617 617 346
Travel expenses 104 104 114
Maintenance 300 300 399
Motor Expense - - -
SundryOrphanage Expenditure 2,133 2,133 1,675
Charityevents-Entrycosts - - -
Bank charges 101 - - 101 26
Bursary 894 894 3,068
FX loss - - -
**Sub total ** 31,645 - - 31,645 36,509
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
36,509
- 6,398 - 11,697
- -
74,621 -
68,223 - 11,697

CCXX R1 accounts (SS)

21/12/2022

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Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on behalf
of all the trustees
B5 Liabilities
B4 Assets retained for the
charity’s own use
B3 Investment assets
B2 Other monetary assets
B1 Cash funds		 Signature
Details
Details
Details
Details
UK Bank Account
Nepalese Bank Account
Nepalese Cash in Hand
Total cash funds
(agree balances with receipts and payments account(s))
Details		 Unrestricted
funds
Restricted funds
to nearest £
to nearest £
56,361
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8,605
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3,257
-
68,223
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OK
OK
Unrestricted
funds
Restricted funds
to nearest £
to nearest £
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Fund to which asset
belongs
Cost (optional)
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Fund to which asset
belongs
Cost (optional)
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Fund to which
liability relates
Amount due
(optional)
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Print Name
KarenChamberlain		 Endowment funds
to nearest £
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-
-
-
OK
Endowment funds
to nearest £
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Current value
(optional)
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Current value
(optional)
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When due (optional)
Date of approval
KarenChamberlain 23/12/2022

CCXX R2 accounts (SS)

21/12/2022

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of[Children Promotion Society Orphanage Nepal ] On accounts for the year 31/03/2022 Charity no 1137324 ended (if any) Set out on pages 1-2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2022 .

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 27/12/2022 Name: Stephanie Usher Relevant professional ACCA qualification(s) or body (if any): Address: 6 Tanders Grove Lavendon, Olney MK46 4FN

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October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

As anticipated, due to the COVID-19 pandemic and the cost of living crisis, the charity has made another loss for year. The loss is lower than that of the prior year.

Regardless, the charity holds 18/24 months’ worth of reserves which for the year ended 31/03/2022 accounts is a balance of GBP 68,223. This more than covers for the average operating costs of the charity and would do so if donations were at nil for over 2 years (donations will not be at nil).

I am therefore happy that the charity is in a strong position to continue.

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October 2018

IER