2023-03-31-accounts - Children Promotion Society Orphanage Nepal

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Trustees' Annual Report for the period

	Period start date	Period start date			Period end date	Period end date
	Day	Month	Year		Day	Month	Year
From	01	04	2022	To	31	03	2023

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 Avalon

Station Road, Longstanton Cambridge Postcode CB24 3DS

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 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

TAR

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:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

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.

TAR

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 Summary of the main education. It has funded the cost of school fees, school and exam 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:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

During 2022/23 CPS Nepal continued to provide funds to care for and educate the 20/18 children living in the orphanage house. There were 16 school students and 4 college students, 2 first-year college and 2 second-year college.

The 2 second-year college students completed their college exams in April 2022.

Both also reached the age of 18 and have been signed off by CPS Nepal. CPS Nepal provides funding for 2 months living expenses for these leavers enabling them to find employment and become self-sufficient.

CPS Nepal has continued its bursary programme for 8 local children who are living in poverty to enable them to access a good education.

2 trustees were able to visit in person in October 2022.

The majority of CPS funding is by regular donors who have continued their support.

In this accounting period, there was a shortfall of £4,518 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 years’ expenditure in case of unforeseen emergencies, this reserve fund totalling £63,705 as at 31/03/2023.

CPS Nepal has sufficient reserves to cover the small shortfall. In addition, fundraising activities have been able to re-commence in this accounting period post COVID.

The trustees are confident that CPS Nepal is able to continue to fulfil its objectives and activities as set out in its governing document.

TAR

Section E Financial review

Brief statement of the CPS Nepal maintains an appropriate level of reserves (£63,705 charity’s policy on reserves in 2022/23), equivalent to approximately 2 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 additional information, where relevant about:

CPS Nepal’s principal source of funds is private donation.

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

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 8 children already receiving assistance.

Section G Declaration

Text

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 08/01/2024

TAR

	Charity Name CPS Nepal	Charity Name CPS Nepal	Charity Name CPS Nepal	No (if any) 1137324	CC16a
	Receipts andpayments accounts
	For the period from	01/04/2022 Period start date	To	Period end date 31/03/2023

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donation	22,110	- - - - - - - -	- - - - - - - -	22,110	21,709
Sponsorship	6,608			6,608	500
Gift Aid	106			106	1,901
Interest	384			384	37
FXgain	-			-	1,100
	-			-	-
	-			-	-
	-			-	-
*Sub total*(Gross income for AR)	29,207	- - - - -	- - - - -	29,207	25,247
A2 Asset and investment sales, (see table).
	-			-
	-			-	-
*Sub total*	-			-	-
*Total receipts* A3 Payments
				29,207	25,247

Salaries	4,264	- - - - - - - - -	- - - - - - - - -	4,264	4,219
Rent	2,662			2,662	3,936
Food/oil	10,467			10,467	9,373
Water	1,104			1,104	760
Light & Heat	632			632	496
Householdproducts	208			208	380
Toiletries	474			474	403
School Fees	4,772			4,772	6,729
School Uniform	619			619	571
School Books	949			949	380
School Sundries	537			537	120
Internet	136			136	129
Medical	219			219	617
Travel expenses	187			187	104
Maintenance	260			260	300
Motor Expense	-			-	-
SundryOrphanage Expenditure	3,995			3,995	2,133
Bank charges	51			51	101
Bursary	-			-	894
FX loss	2,189			2,189	-
	-			-	-
**Sub total **	33,725	- - - - - - - - -	- - - - - - - - -	33,725	31,645

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*
				33,725	31,645

	- 4,518			- 4,518	- 6,398
	-			-	-
	68,223			68,223	-
	63,705			63,705	- 6,398

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

Categories B1 Cash funds	UK Bank Account Details	Unrestricted funds to nearest £ 53,220	Restricted funds to nearest £	Endowment funds to nearest £
			-	-

CCXX R1 accounts (SS)

08/01/2024

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	Signature Details Details Details Details Nepalese Bank Account Nepalese Cash in Hand *Total cash funds* (agree balances with receipts and payments account(s))	7,573 - 2,911 - 63,705 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name KarenChamberlain	-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
			08/01/2024

CCXX R2 accounts (SS)

08/01/2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Children Promotion Society Orphanage Nepal	Children Promotion Society Orphanage Nepal	Children Promotion Society Orphanage Nepal

31/03/2023	Charity no (if any)	1137324

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 / 2023.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

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:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

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.

Please delete the words in the brackets if they do not apply.

Signed: Date: 08/01/2024 Name: Stephanie Usher Relevant professional ACCA qualification(s) or body (if any): Address: 6 Tanders Grove Lavendon, Olney MK46 4FN

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 The charity has made another loss for this year although lower than that of the any items that the prior year. examiner wishes to disclose .

Regardless, the charity holds 18/24 months’ worth of reserves which for the year ended 31/03/2023 accounts is a balance of GBP 63,705. 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.

October 2018

IER