## **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**||
- 0.00
## **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 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 -----**
19 October 2024
**----- End of picture text -----**