## **Trustees’ Annual Report for the period**
**From 1 January 2022 To 31 December 2022**
## **Charity name: Elizabeth’s Children Charitable Trust**
## **Charity registration number: 1153516**
## **Objectives and Activities**
|Summary of the purposes of
the charity as set out in its
governing document|**The purpose of the charity is to make grants for the**
**benefit of children, families and carers with a charitable**
**need in South Africa and such other parts of the world**
**as the trustees see fit. The trustees will further the**
**following charitable purposes:**
•
**The prevention or relief of poverty**
•
**The advancement of education**
•
**The advancement of health and saving of lives**
•
**The relief of those in need**|
|---|---|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|**The charity receives regular monthly donations and**
**one off donations from donors. From time to time, the**
**trustees arrange fund raising events to raise the profile**
**of the charity and attract further donations.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|**The trustees have followed the guidance issued by the**
**Charity Commission on public benefit.**|
## **Achievements and Performance**
||Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|**Grants made by Elizabeth’s Children Charitable Trust in**
**2022 have been to Sinetemba, a charity which supports**
**children in poverty stricken Zweletemba in South**
**Africa. Around 200 school age children are given a**
**nutritious hot meal every day and attend the site in the**
**grounds of a school for after school care and help with**
**homework provided by teachers employed by the**
**charity. The charity has other initiatives which include**
**growing vegetables, provision of computers and IT**
**instruction, football team training and outings to places**
**like Cape Town and the seaside.**|
|---|---|---|
## **Financial Review**
|**Financial Review**||
|---|---|
|Review of the charity’s
financial position at the end
of the period|**TOTAL FUNDS held at 1 January 2022 were £18,756.**
**INCOME**
**Regular monthly donations total £19,960 (£13,818 in**
**2021).**
**£136 was raised via Easyfundraising during the year**
**(£0 in 2021).**
**One off donations raised £8,183 (£6,000 in 2021). These**
**included a one off donation made by the Oakdene**
**Foundation of £6,000 and donations of £1,885 made by**
**Cranleigh School.**
**Therefore the total money raised for the year was**
**£28,279 (£19,818 in 2021).**
**EXPENDITURE**
**Total expenditure for the year was £299 (£173 in 2021).**
**The expenditure in 2022 and 2021 was almost entirely**
**made up of bank fees.**
**GRANTS**
**We awarded grants of £27,913 to Sinetemba during the**
**year (£26,659 in 2021).**
**Therefore the contribution to reserves for the year was**
**£67 (-£7,013 in 2021).**
**TOTAL FUNDS held at 31 December 2022 were £18,823.**|
|Statement explaining the
policy for holding reserves
stating why they are held|**Reserves are held because Sinetemba is reliant on**
**Elizabeth’s Children Charitable Trust to continue their**
**work in Zweletemba. Whilst the charity is making every**
**effort to secure ongoing local funding, there is a**
**general scarcity in South Africa of funding for day to**
**day expenses of charities and it has proved difficult to**
**secure regular support. Elizabeth’s Children Charitable**
**Trust is holding reserves which can support Sinetemba**
**for just over 7 months should the donors to Elizabeth’s**
**Chidren cease making donations. The Trustees feel**
**that this would enable Sinetemba to cut back their**
**provision of services to a self-supporting level.**|
|Amount of reserves held|**£18,823**|
|Reasons for holding zero
reserves|**N/a**|
|Details of fund materially in
deficit|**N/a**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|**None**|
## **Structure, Governance and Management**
|**Structure, Governance**|**and Management**|
|---|---|
|Description of charity’s
trusts:||
|Type of governing document|**Trust Deed dated 16 July 2013**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|**Charitable Trust**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|**There must be at least 5 trustees. Trustees are**
**appointed by a resolution of the trustees passed at a**
**special meeting.**|
## **Reference and Administrative details**
|Charity name|**Elizabeth’s Children Charitable Trust**|
|---|---|
|Registered charity number|**1153516**|
|Charity’s principal address|**Thelland, Shere Road, West Horsley, KT24 6EW**|
**Names of the charity trustees who manage the charity**
|1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**|
|---|---|---|---|---|
||**Nicola Bull**|**Chair**|||
||**Sue Newman**||||
||**Paul Farthing**||||
||**Amanda Segal**||||
||**Claire Wood**||||
– Corporate trustees names of the directors at the date the report was approved
**None**
Name of trustees holding title to property belonging to the charity
**None**
## **Funds held as custodian trustees on behalf of others**
**No funds are held on behalf of others.**
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## **Elizabeth’s Children Charitable Trust Charity Number 1153516 Treasurers Report for the year 1[st] January – 31[st] December 2022**
**Opening balance on HSBC bank account £18,525 and Revolut £231 TOTAL FUNDS held at 1 January 2022 £18,756**
## **INCOME**
Regular monthly donations total **£19,960** (£13,818 in 2021).
£136 was raised via Easyfundraising during the year (£0 in 2021).
One off donations raised **£8,183** (£6,000 in 2021). These included a one off donation made by the Oakdene Foundation of £6,000 and donations of £1,885 made by Cranleigh School.
Therefore the **total money raised** for the year was **£28,279** (£19,818 in 2021).
## **EXPENDITURE**
Total expenditure for the year was £299 (£173 in 2021). The expenditure in 2022 and 2021 was almost entirely made up of bank fees.
## **GRANTS**
We awarded grants of **£27,913** to **Sinetemba** during the year (£26,659 in 2021).
Therefore the contribution to **reserves** for the year was **£67** (-£7,013 in 2021) **.**
**Closing balance on HSBC bank account £18,695, Paypal £29 and Revolut £99 TOTAL FUNDS held at 31 December 2022 £18,823**
An Elizabeth’s Children Balance sheet and Statement of Financial Activities for the year ending 31 December 2022 is appended. The full accounts are held by the Treasurer and can be viewed on request. A summary of accounts / annual report will be submitted to the Charity Commission, as required.
**Amanda Segal Treasurer, Elizabeth’s Children Charitable Trust**
## **Elizabeth's Children Charitable Trust**
## **Charity Number 1153516 Balance Sheet as at 31 December 2022**
|Assets
HSBC
Paypal
Revolut
**Total Charity Funds**
_Reconciliation of Funds_
Total Funds brought forward
Net movement in funds
**Total Funds Carried forward**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
18,695.01
0.00
18,695.01
18,525.55
0.00
0.00
28.83
0.00
99.55
0.00
99.55
230.69|
|---|---|
||**18,794.56**
**0.00**
**18,823.39**
**18,756.24**|
||18,756.24
0.00
18,756.24
25,769.44
67.15
0.00
67.15
(7,013.20)|
||**18,823.39**
**0.00**
**18,823.39**
**18,756.24**|
## **Elizabeth's Children Charitable Trust Charity Number 1153516 Statement of Financial Activities for the year ending 31 December 2022**
|
**Incoming resources**
Monthly Donations
Fundraising Events
Easyfundraising
Other
Donations
One Off
Gift Aid
Oakdene Foundation
**Total Incoming Resources**
**Resources Expended**
Costs of generating Funds
HSBC Fees
Paypal Fees
Cost of grant making
Exchange rate loss
Bank charges
**Total resources expended**
**Net incoming resources before**
**grants**
Grants made
**Net movement in funds**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
19,960.00
0.00 19,960.00
13,817.94
135.84
0.00
135.84
0.00
0.00
0.00
0.00
0.00|
|---|---|
||135.84
0.00
135.84
0.00
2,183.13
0.00
2,183.13
0.00
0.00
0.00
0.00
0.00
0.00
6,000.00
6,000.00
6,000.00|
||2,183.13
6,000.00
8,183.13
6,000.00|
||22,278.97
6,000.00
28,278.97
19,817.94|
||(69.60)
0.00
(69.60)
0.00
(1.17)
0.00
(1.17)
0.00|
||(70.77)
0.00
(70.77)
0.00
(5.38)
0.00
(5.38)
0.00
(223.05)
0.00
(223.05)
(172.56)|
||(228.43)
0.00
(228.43)
(172.56)|
||(299.20)
0.00
(299.20)
(172.56)|
||**21,979.77**
**6,000.00**
**27,979.77**
**19,645.38**
(21,912.62)
(6,000.00)
(27,912.62)
(26,658.58)|
||**67.15**
**0.00**
**67.15**
**(7,013.20)**|
|||
## **Independent examiner’s report to the trustees of Elizabeth's Children Charitable Trust**
I report to the trustees on my examination of the accounts of Elizabeth's Children Charitable Trust (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Jill Jurgens, FCCA
Address: Laurel House, 5 Fiona Close, Great Bookham, Surrey, KT23 3JU Date: 13/10/23