## **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 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 -----**
17 April 2024
**----- End of picture text -----**