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← Edhec Charitable Trust

2024-08-31-accounts

Trustees’ Annual Report for the period

From 27[th] October 2023 To 31[st] August 2024

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
£709,165.00 against expenditure of
£6,462 and donations to EDHEC
Business school of £800,002.
At the end of the period an amount of
£36,611 was 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 £36,611 on 31 August 2024
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 charity trustees who manage the charity

1
2
4
5
6
7
8
9
10		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
E Beroud Chair
S.Lesniak Treasurer From 7/3/2024
J Brassard
MH Blattman-
Lenoir
A de Mones
AC Mullin
L Douin
H Herbinet
MM Suberbere

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Declarations

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

Signed on behalf of the charity’s trustees

Stanislas Lesniak Signature(s) Stanislas Lesniak Full name(s) Elizabeth Beroud Position (eg Secretary, Chair Treasurer Chair, etc) Date 6 December 2024 (Board meeting)

EDHEC Charitable Trust No 1153775 Receipts and payments accounts CC16a For the period Period start date Period end date To from 10/27/2023 8/31/2024

Section A Receipts and payments

Unrestricted
funds		 Unrestricted Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income 709,165 - - 709,165 255,536
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Sub total(Gross income for AR) (Gross income for AR) 709,165 - - 709,165 255,536
-
-
-
-
-
-
-
-
-
Sub total -
-
-
-
-
Total receipts 709,165.00
-
-
709,165
255,536
A2 Asset and investment sales,
(see table).
~~——__———~~
A3 Payments
Expenditure on raisingfunds 6,461.89 - - 6,462 7,889
Charitable activities: donations to EDHEC
school 800,001.80 - - 800,002 213,078
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 806 806,463.69 - - 806,464 220,967
A4 Asset and investment
purchases, (see table)
None - - - -
~~——~~
- - - -
Sub total - - - - -
Total payments 806,463.69 - - 806,464 220,967
Net of receipts/(payments) - 97,298.69 - - - 97,299 34,569
A5 Transfers between funds
-		 - - - -
A6 Cash funds last year end
133,910.00		 - - 133,910 99,341
Cash funds this year end 36,611.31 - - 36,611 133,910

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

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets		 Details
Bank account
Details
None
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
36,611.31
-
36,611.31
OK
to nearest £
-
-
-
-
-
-
Unrestricted
funds
Unrestricted
funds		 to nearest £
-
-
-
OK
to nearest £
-
-
-
-
-
-
Restricted
funds
Restricted
funds		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Details
None		 Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-		 Current value
(optional)
None - -
- -
- -
- -
- -
Details
None		 Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-
-		 Current value
(optional)
None - -
- -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
None - -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
None - -
- -
- -
- -
- -
- -

B4 Assets retained for the charity’s own use

- -
- -
- -

B5 Liabilities

Signed by one or two trustees on behalf of all the trustees

Details
None		 Fund to which
liability relates		 -
-
-
-
-
Amount due
(optional)		 When due
(optional)
None -
-
-
-
-
Signature
Stanislas Lesniak		 Print Name
Stanislas Lesniak
Elizabeth Beroud		 Date of
approval
Stanislas Lesniak 6/12/2024
Elizabeth Beroud

EDHEC Charitable Trust

for the year 31 August 2024 ended Charity no.: 1153775 Company no.: Setouron pages ~~PY~~ I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 August 2024 As the charity’s trustees of the Charity, you are responsible for the preparation of Responsibilities and the accounts in accordance with the requirements of the Charity Act 2011 (“the of report 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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