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2024-03-31-accounts

2023/24 Annual Report & Accounts

Charity Registered in England and Wales. Reg No: 1148049

Legal and Administrative Information

Charity Name: Mango Tree Goa Charity Registration Number: 1148049 Registered Office: 12 Black Horse Drive, Silkstone Common, Barnsley, S75 4SD. Trustees in office at date of approval: Gill Abdy Annette Grace Jane Grimshaw (Founding Trustee) - Chair Alison McPhee

Trustee Selection Method: All trustees are selected and appointed by the Board of Trustees. Type of Governing Document: Trust Deed Trust Deed Signed: 9[th] June 2012 Independent Examiner: Margaret Jaworski (qualified by CIPFA) 19 Stillwell Grove Sandal Wakefield WF2 6RN

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ORGANISATION AND STRUCTURE

Mango Tree Goa

Mango Tree Goa is a charitable trust registered with the Charity Commission, number 1148049. It was founded on 9[th] June 2012. The objects of the Charity as set out in the Governing Document are:-

The relief of poverty and sickness, the preservation of health, the advancement of the education of disadvantaged children and young people up to the age of 25 in India, primarily but not exclusively in the state of Goa, by providing grants, items and services to individuals in need and/or charities or other organisations with the same objects.

From the very start, the Charity operated without paid staff or an office and continues to do so. It is administered on an entirely voluntary basis by the Trustees. We are also fortunate that our accounts are maintained and drawn up on a voluntary basis and that our website is developed and maintained by a volunteer. The contribution of volunteers means that more of donors’ money is available to fund projects on the ground in Goa.

We understand that the best way to deliver our objectives in Goa is through Indian Trusts made up of local people who understand cultural values, religious sensitivities, and official requirements better than we ever can. Consequently, we work with partner organisations. During 2023/24 our partners continued to be The Mango Tree Trust and the Grace Educational Trust. The UK charity and the Goan Trusts are separate legal bodies, and each must work to the legal requirements of their country. However, in practical terms, we work as one to achieve our shared objectives.

SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO OUR OBJECTIVES

In planning our activities for the year, we kept in mind the Charity Commission’s guidance on public benefit at our Trustee meetings. During 2023/24 the Charity continued to meet its objectives by supporting the following projects:-

SUMMARY OF THE MAIN ACHIEVEMENTS DURING THE YEAR

Our main achievements continue to revolve around the provision of activities which help disadvantaged children stay fit and healthy and to access and remain in school. Working with our partners we achieved the following:-

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FINANCIAL REVIEW

Income of £89,992 was higher than the previous year (£84,259) which mainly reflects an increase in regular donations (£37,522), Gift Aid (£7,647) and a one-off donation of £5,000. Regular support is invaluable, enabling the Charity to plan for the future and ensure continuation of support. Our Christmas Challenge and Back to School Appeals together raised £9,115 which was a reduction of over £6,300 compared to previous years. Other sources of income continued to include general donations, grants and fundraising. We are very mindful that the number of overseas visitors to Goa remains low compared to pre-pandemic and this has resulted in significantly fewer visitors to our projects and fewer opportunities to fundraise in Goa. The post covid economic landscape and cost of living difficulties remains challenging and concerning.

In the same period expenditure totalled £85,513 of which £83,589 related to Grants and Charitable Activities in Goa. Expenditure was around £4,250 more than the previous year and largely reflects the fact that income was higher than the previous year.

The Charity had £18,057 in hand on 31[st] March, 2024.

RESERVES POLICY

As in previous years, Trustees reviewed the Charity’s reserves at the year end. The Charity has an approved Reserves policy as follows:-

Mango Tree Goa requires reserves to protect against fluctuating income, falling exchange rates, contingencies, to start up new projects pending identifying income streams and to achieve its objective of ensuring its major projects in Goa have their own permanent accommodation.

As the Charity had £18,057 in unrestricted reserves at the end of the year; the level is considered justifiable in the circumstances.

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PUBLIC BENEFIT STATEMENT

The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers and duties.

FUTURE PLANS

We are thrilled to have achieved our objective of providing a permanent base from which to support disadvantaged children in Goa and to reap the benefits in reduced costs now that rent no longer forms part of our expenses. Having achieved this objective, trustees took the opportunity to review their founding objectives at our latest meeting and confirmed that, some twelve years later, the remaining objectives remain unchanged. For many years, however, we have wished to develop a College Assistance Scheme for the many children in Goa who are unable to continue in further education due to lack of funds. Whilst we recognise that fundraising will remain challenging, we plan to expand our support for further education in future. This is an exciting opportunity, and we look forward to developing our plans this year.

Jane Grimshaw Trustee

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MANGO TREE GOA RECEIPTS AND PAYMENTS ACCOUNTS 1ST APRIL 2023 TO 31ST MARCH 2024

ACCOUNTS - RECEIPTS & PAYMENTS

ACCOUNTS - RECEIPTS & PAYMENTS
Unrestricted
Funds
Restricted
Funds
Total
This
Year
RECEIPTS
Donations & Fundraising
70,315
12,030
82,345
Gift Aid
7,647
7,647
Bank Interest
0
Miscellaneous
0
TOTAL RECEIPTS
77,962
12,030
89,992
PAYMENTS
Charitable Activities in Goa/Grants
-71,559
-12,030
-83,589
Fundraising Costs
0
Office Expenses - UK
-659
-659
Bank Fees & Charges
-470
-470
Professional Fees
0
Publicity
-502
-502
Trustee Expenses
-241
-241
Other
-52
-52
SUB TOTAL
-73,483
-12,030
-85,513
PURCHASE OF ASSETS > £1,000
TOTAL PAYMENTS
-73,483
-12,030
-85,513
NET OF RECEIPTS/PAYMENTS
4,479
0
4,479
CASH FUNDS 31ST MARCH 2024
ACCOUNTS - STATEMENT OF ASSETS & LIABILITIES
Unrestricted
Funds
Restricted
Funds
Total
This
Year
CASH FUNDS
Cooperative Bank Current Account
16,007
16,007
Just Giving
159
159
Donate
51
51
Cash in Hand
1,840
1,840
18,057
0
18,057
Total
Last
Year
78,401
5,450
0
408
84,259
-79,472
0
-543
-770
0
-327
-141
-13
-81,266
-81,266
2,993
Total
Last
Year
11,830
400
51
1,297
13,578

ASSETS WITH A PURCHASE PRICE IN EXCESS OF £1,000

None

Signed:

Date:

13th January, 2025

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