## **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 completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that: - 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. **----- Start of picture text -----**
02 August 2023
**----- End of picture text -----**