OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Edhec Charitable Trust

2023-10-26-accounts

Trustees’ Annual Report for the period

From 27[th] October 2022 To 26[th] October 2023

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 increased its
activities in particular with its annual
dinner and participation to alumni
events which enables to connect with
the alumni and potential donors'
population. The subsequent fundraising
campaigns were 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
£256,000 against expenditure of
£221,000, comprising gifts to the EDHEC
school and some fundraising
expenditure. At the end of the period a
surplus of £35,000 was generated and
£134,000 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 £134,000 at 26 October 2023
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 trust deed.
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 charity number 1153775
Charity’s principal address 10 Fleet Place London EC4M 7RB

Names of the charlty trustees who manage the charlty Dat•8 acted If not forvthol• Trust•• nam• Namg Of person lor body} entitled toa Int trustee Ifan E Beroud Chair S.Lesniak Treasurer From 71312024 S.Marron J Brassard Treasurer To 31312024 MH Blattman- Lenoir A de Mones AC Mullin L Douin H Herbinet MM Suberbere 10 From 2211112022 Exemptions from disclosure Reason for non-disdosure of ke ersonnel details Declarations The trustees declare that they have approved the trustses, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Posltlon (eg Secretary, Chalr, etc) Elizabeth Beroud Stanislas Lesniak Chair Treasurer Date 12 June 2024 {Board meeting)

EDHEC Charitable Trust EDHEC Charitable Trust EDHEC Charitable Trust 1153775
Receipts andpayments accounts
For the period
from		 27/10/2022
Period start date		 To 26/10/2023
Period end date

CC16a

Section A Receipts and payments Section A Receipts and payments 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 £

Income		 255,536 - - 255,536 39,465
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 255,536 - - 255,536 39,465
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
39,465

Expenditure on raising funds
Charitable activities : donations to EDHEC
school		 7,889 7,166
213,078 9,396
- -
- -
- -
- -
- -
- -
- -
**Sub total ** 220,967 16,562
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
16,562
34,569 22,903
- -
99,341 76,438
133,910 99,341

CCXX R1 accounts (SS)

14/06/2024

1

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

Categories
B1 Cash funds		 Details
Total cash funds
(agree balances with receipts and payments account(s))		 Unrestricted
funds
to nearest £
133,910
-
-
133,910
OK		 Restricted funds
to nearest £
-
-
-
-
OK		 Endowment
funds
to nearest £
-
-
-
-
OK

CCXX R1 accounts (SS)

14/06/2024

1

Urtrn8trfci4d funds R•strfcted funds Endowment funds to ngarnst£ -" Z¥4# Cwt B3 In¥estmèntass?ts Crnt B4 Ass•ts retawthl for i G￿rIty'S Fwd*owhl¢h 11&411ty i) Details 85 Liabiliti•s SPJned by one on b&haff of all the Imslee8 Pmt Name Datè of8pproval stanEk L8snwk EIz8beth Ber0￿1 12Jun-24 l2￿Un-24 CCXX R2 acmunt6 (SSI 14106rA024

EDHEC Charitable Trust

26 October 2023 26 October 2023
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 2023

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.

----- Start of picture text -----
17 April 2024
----- End of picture text -----