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2022-10-26-accounts

Trustees’ Annual Report for the period

From 27[th] October 2021 To

26[th] October 2022

Charity name: EDHEC Charitable Trust

Charity registration number: 1153775

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The charity has been set for the
advancement of education, in particular
for the support and promotion of
EDHEC Business School.
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.		 Para 1.17 and
1.19		 The charity’s fundraising is aimed to
fund grants and bursaries in particular
to EDHEC school students.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees confirm that in exercising
their powers and duties, they have
complied with their duty to have regard
to the guidance issued by the Charity
Commission.

Achievements and Performance

SORP reference
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.		 Para 1.20 During this financial year the EDHEC
Charitable Trust has been able to
resume fuller scale activities post
COVID with in particular its annual
dinner which enables to connect the
alumni and potential donors' population
with the EDHEC school, alumni and
Fondation teams. The subsequent
fundraising campaign was successful.
Gifting to the EDHEC school was made
during the year to benefit students
through bursaries.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 During the financial year, income was
£39,465; expenditure was a total of
£16,562, comprising gifts to the EDHEC
school and some fundraising
expenditure. At the end of the period a
surplus of £22,903 was generated and
£99,341 held at bank.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The aim of the trustees is that the Trust
holds adequate reserves to allow it to
continue its charitable objectives.
Excess funds are held until they are
gifted to the EDHEC school.
Amount of reserves held Para 1.22 £99,341 at 26 October 2022
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 There are no uncertainties regarding the
charity continuing as a going concern.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 The charity is governed by a deed of
trust.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The charity is an unincorporated
association.
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		 Para 1.25 The trustees are selected on proposition
by one or more trustees and such
proposition is voted at a Board meeting.
Consideration is given to experience
and skills that can be of use to the
charity and complement the existing
trustees skillset.

Reference and Administrative details

Charity name EDHEC Charitable Trust
Other name the charity uses
Registered charitynumber 1153775
Charity’s principal address 10 Fleet Place
London
EC4M 7RB

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9		 E Beroud
A De Mones
J Brassart
MH Blattman-
Lenoir
H Herbinet
AC Mullin
L Douin Since 10/01/2022
S Marron
MM Suberbere Since 22/11/2022

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Elizabeth Beroud

Chair
(Trustees meeting on 10 Aug 23)
(Trustees meeting on 10 Aug 23)
EDHEC Charitable Trust
 EDHEC Charitable Trust
 EDHEC Charitable Trust
 No 1153775 CC16a
For the period
from		 Period start date
10/27/2021		 To
 Period end date
10/26/2022
Section A Receipts and payments
A1 Receipts
Income
39,465
-
-
-
-
-
-
-
39,465
-
-
Sub total -
Total receipts 39,465.00
A3 Payments
Expenditure on raisingfunds
7,165.91
9,395.94
-
-
-
-
-
-
-
Sub total 16,561.85
None
-
-
Sub total -
Total payments 16,561.85
Net of receipts/(payments) 22,903.15
A5 Transfers between funds
-
A6 Cash funds last year end
76,437.62
Cash funds this year end 99,340.77
-
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
Charitable activities : donations to EDHEC
school
A4 Asset and investment
purchases, (see table)		 to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 to the nearest £
Endowment
funds		 Total funds
to the nearest £
39,465
-
-
-
-
-
-
-
39,465
-
-
-
39,465
7,166
9,396
-
-
-
-
-
-
-
16,562
-
-
-
16,562
22,903
-
76,438
99,341		 Last year
to the nearest £
-
-
-
-
-
-
-
-
-		 39,465 5,515
- -
- -
- -
- -
- -
- -
- -
39,465 5,515
-
-
-		 -
- -
- -
- 39,465 5,515
-
-
-
-
-
-
-
-
-
-		 7,166 112
9,396 -
- -
- -
- -
- -
- -
- -
- -
16,562 112
-
-
-		 -
-
- -
- 16,562 112
-
-
-
-		 22,903 5,403
- -
76,438 71,034
99,341 76,437

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

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees		 Details
Bank account
Details
None
Details
None
Details
None
Details
None
Signature
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
to nearest £
99,340.77
-
-
-
99,340.77
-
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
Sophie Marron
Elizabeth Beroud ?
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Restricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Amount due
(optional)		 to nearest £
Endowment
funds
76,437
-
-
76,437
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Sophie Marron
Elizabeth Beroud ?

EDHEC Charitable Trust

26 October 2022 26 October 2022
Charity no.: 1153775 Company no.:

I report to the charity trustees on my examination of the accounts of the above charity for the year ended 26 October 2022

As the charity’s trustees of the Charity, you are responsible for the preparation of

the accounts in accordance with the requirements of the Charity Act 2011 (“the 2011 Act”).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

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.

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02 August 2023
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