REGISTERED CHARITY NUMBER: 1160929
SUPPORTING
NEPALS
REPORT OF THE TRUSTEESAND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 DECEMBER 2024
FOR
SUPPORTING NEPAL'S CHILDREN
Xeinadin South Wale5 & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GLIO 3UT

SUPPORTING NEPAL'S CHILDREN
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report ofthe Trustees
Ito6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
io
Note5 to the Cash Flow Statement
li
Notes to the Financial Statements
12to16
Detailed Statement of Financial Artivitie5
17

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report with the financial statements of the Charity for the year ended
31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.
OBJECTIVES AND ACTIVITIES
Objertives and aims
Supporting Nepal's children ISNCI was set up with the aim to improve the education, school facilities and
infrastructure and to provide equipment. reading materia15 and learning aids to schools in Nepal.
Public benefit Statement
The Trustees ensured that in planning and undertaking the charitable activities they have complied with their
duty under section 17 of the Charites Act 2011 to have regard to guidelines issued by the Charity Commission.
The objectives of the Charity seNe to provide improved education facilities to children in rural areas of Nepal.
Improved schools ensure children have a safe environment to learn, better attendance at local village
schools. are not walking long distances each day to school, or being sent away to Schools in Kathmandu. Our
philosophy is that education provides choice and opportunities for young people and helps to break the
poverty cycle.
Since establishment we have moved from work with our NGOS to assist the government School rebuilding
project to building vocational schools which provide children and young people with a trade to provide them
with career opportunities and to help prevent labour migration. 60% of the population of Nepal under the
age of 30 and has 21% youth unemployment with 97% casual employment.
SNC has ensured that in planning and undertaking our activities we have paid full regard to the Charities
Commission public benefit guides. Our work initially focused on the rebuilding of seismically safe classrooms
following the earthquake in April 2015. since then we have moved to building complete s¢hoo15, but the
Government in Nepal has confirmed that the earthquake rebuilding program is now largely complete, so our
emphasis has developed into building vocational schools.
We and our not-for-profit Non-Governmental Organisation5 INGOs1 work with local eommunities from the
outset. We identify potential projects and ensure we have community support. taking into consideration the
needs of the schools and their wider community committees. We have also sought to identify future NGOS
for us to partner with on our next projects.
Grant making
We are not a grant making charity and do not invite grant applications. Instead. we raise funds and partner
with suitable NGOS locally in Nepal for the delivery of our projects.
Before working with an NGO. we meet, interview and satisfy ourselves they undertaken Similar project5 in
the local area, review their track record and obtain reference5.
Volunteers
We have a Small team of volunteers who have assisted our fundraising capability and outreach to a wider
audience of potential donor5 as well as SUPPOrtin8 our activities in Nepal.
Page I

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Fundraising
In 2024 we ran a Build and Trek scheme where participants funded their own trip and were sponsored to
raise funds for SNC projects.
Participants trekked to Poon Hill in the Annapurna area of Nepal and then spent a week working on the build
of our next vocational centre in Dhangadhi in western Nepal.
Dhangadhi Vocational Centre
In conjunction with the Nepal Youth Foundation, building work to build a new vocational training centre
commenced in 2024 in Dhangadhi.
Dhangadhi is located in western Nepal and is province with one of the lowest human development indexes
IHDII in Nepal. It benefits from a very proactive local major who is keen to improve the prospects for young
people within his province and was very keen to work alongside SNC & our NGO the Nepal Youth Foundation.
The vocational centre aims to provide education and vocational training in a number of trades such as
plumbing, carpentry, electrician, tailoring. welding. Ensuring that children from challenging backgrounds
have a trade so that when they leave school they have employment to support themselves financially and to
help prevent labour migration.
St James's Place Charitable Foundation
The SJP Charitable Foundation also benefited from matched funds from St. James's Place for funds raised
through SNC, these matched funds were used to support Onside a UK based charity which provide5 similar
vocational training.
Page 2

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Financial position
During the period ended 31st December 2024 total income was £154.023 12023.. £141,309) and total
expenditure was £267,22012023- £134,750).
Princlpal funding sources
Our principal source of funds has been from donations made by individuals raised through Build & Trek and
Everest Base Camp Treks.
Investment policy and objertives
At present we do not hold any 'lnvested' funds. Instead, we have chosen to hold our funds on reSe￿e in a
charity business bank account. This has the benefit of ensuring we have readily available liquid a55ets to draw
on as required.
Internal and external fartors - princlpal risks facing the charity
As Trustees we regard our principal risks as..
Meeting the expectations of our supporters and beneficiaries and the delivery of our aims and objectives.
Operational delivery of projects and the potential physical risks to volunteer and trustees.
Financial risk through insufficient funds or capital reserves to complete projects
Child protection & safeguarding, a5 our projects involve Trustees and volunteers Vlslting schools.
Our relationship with St. James's Place and the St. James's Place Charitable foundation, their support has
helped to boost fundraising and to provide us with a pool of event participants, but we are aware of the risk to
our fundraising should this support be withdrawn.
Selection of appropriate local NGOS
Reputational risk and an increasingly litigious society.
Local environmental, meteorological. geological economic and political risk of working in Nepal, albeit these
are largely outside of our control.
Failure of expedition company who operate in country logistics on behalf of SNC.
Support from local communities in Nepal.
As Trustees we aim to identify risks, consider and assess the potential impact and probability of a risk and
take preventative action.
Page 3

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
ReseNes policy
SNC holds reserves of £107.872 as at year end 31 December 2024. These reserves comprise restricted funds
as well as project contingencies. We do not consider the need to hold a contingency for the restricted funds,
based on school fee costs and the age of the children being supported.
The remaining reseNes are to ensure we have adequate emergency funds in place to cover unforeseen costs
associated with our building projects. Reserves are based on a 20% contingency on future project costs.
Restricted Funds
The restricted funds have been set aside to provide educational and financial support to meet school fee
costs for a small number of Sherpa children who lost their father. an experienced mountain guide whilst
guiding on Everest during the April 2015 earthquake.
We will also hold additional restricted funds to meet the education costs for the children of the trek leader
guides from the 2022 EBC & B & T events. these costs will be funded annually by the event participants.
We have agreed that we will maintain funds to meet our financial commitments to support these children
through to majority but beyond this we have no intent to manage any further restricted funds.
FUTURE PLANS
We have decided that we need to take some time in 2025 to ￿calIbrate our fundraising activities and as such
we have replaced some of the Trustees as well as 'recruitIn￿ some additional volunteer5 to manage various
aspects of the charity such as marketing and the day to day finances.
As such we will not be running any specific fundraising expeditions in 2025.
We have plans in 2026 to trial some trekking events in Europe as these will be run at lower cost which means
we hope to attract more participants to raise funds for us.
We plan to recommence Everest Base Camp and Build & Trek events in the future.
Policy and procedures
The Trustees carry out a full review of our operating policies and procedures including risk management
policy. We will. on an ongoing basis, continue to identify and sUPPOrt Schools in remote rural communities.
Going concern
After making appropriate enquiries. the Trustee5 have a reasonable expectation that the Charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements.
Page 4

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRucfuRE. GOVERNANCE AND MANAGEMENT
Governlng document
The Charity is constituted as a Charitable Incorporated Organisation ICIOI and 15 governed by a constitution
dated 25th February 2015. SNC was registered with the Charity Commission as a charity on 16th March 2015.
The Board of Trustees meets on a regular basis, minimum quarterly. to make decisions in relation to
fundraising and charitable activity. We hold monthly joint committee and Trustee meetings and quarterly
Trustee meetings as well as ad hoc conference calls between Trustees, volunteers and our NGOS and partner
organisations.
Recruitment and appointment of new Trustees
Currently no new Trustees are invited to join the board and any future new Trustees will be invited by
agreement of the existing Trustees having due regard to the skills, knowledge and experience required for
the effective administration of the Charity.
Induction and training of new Trustees
We have four Trustees who each have clearly defined roles and respon5ibilitie5. Each Trustee is familiar with
our Charity's constitution and governance document. Each Trustee also has volunteer committee members
to assist in their area of responsibility. All Trustees have been provided with a copy of the Charities
Commission 'Essential Trustee" Guidance booklet. On rotation of the Trustees in the future, guidance,
training, mentoring and reference documents will be provided. We have also benefited from being able to
utilise the experience. knowledge and mentorship of the St. James's Place Charitable Foundation and its
Trustees as well as one of their charitable advisory consultants, Steve Wickham. at The Giving Department,
a Specialist corporate responsibility & philanthropy agency.
Two of the four Trustees are employed in the Wealth Management industry and as such are familiar with the
Trustee Act 2000 and the role and responsibilities of Trustee5 and their duties.
REFERENCE AND ADMINISTRATIVE D￿AlLs
Registered Charity number
1160929
Principal address
Cotswold Cottage
Church Road
Leonard Stanley, Gloucestershire
GLIO 3NX
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Ms N Phillips
Mr R Owen
MrG Thomas
Mr N Jones
MrA Barden
Mrs S-J Leicester
M5 H Curley
Operations & Governance.
Events & Expeditions.
Strategy & Fundraising.
Corporate Partner5.
Project support, risk and health and safety.
PR & marketing.
Event co-ordinator & finance support.
Appointed 1610912024
Resigned 1610912024
Resigned 1610912024
Resigned 1610912024
Page S

SUPPORTING NEPAL'S CHILDREN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Volunteers
Ms H Grace
Mrs S-J Leicester
MrAng Namgel Sherpa
MrG Neale
Ms P Reed
In country relationship partnering
Marketing & PR.
In country relationship management.
Minute taking & finance.
Marketing & PR.
NGOS, Partners and Support
Riswo R. Gorkholi
NGO, Nepal Youth Foundation
Independent examiner
Mark Aldridge FCCA
Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire, GLIO 3UT
Solicitors
RedKite Law LLP
2 Rowcroft
5troud
Gloucestershire, GL5 3BB
roved by order of the b
stees on
2025 and signed on its behalf by:
Ms N Phillips- Trustee
Page 6

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
SUPPORTING NEPAL'S CHILDREN
Independent Examiner's report to the Trustees of Supporting Nepal's Children
I report to the Charity Trustees on my examination of the accounts of Supporting Nepal's Children Ithe
Charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Charity Trustees of the Trust, you are responsible for the preparation of the accounts in accordance
with the requirements ofthe Charities Art 20111'the Art,).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in
Carrying out my examination I have followed all applicable Directions given by the Charity Commission under
section 145151{bl of the Act.
Independent Examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect-
accounting records were not kept in respett of the Trust as required by section 130 of the Act. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
I have no concern5 and have come acr055 no other matter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mark Aldridge FC
Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GLIO 3UT
Date..
2025
Page 7

SUPPORTING NEPAL'S CHILDREN
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
126,975
27,048
154,023
141.309
Investment income
Other income
Total
126,975
27,048
154,023
141,309
EXPENDITURE ON
Charitable activities
260,602
6,618
267,220
134,750
Total
260,602
6.618
267,220
134,750
INCOME/IEXPENDITURE)
1133,6271
20.430
1113,1971
6,559
RECONCILIATION OF FUNDS
Total funds brought forward
216.747
4,322
221,069
214.510
TOTAL FUNDS CARRIED FORWARD
83,120
24,752
107,872
221,069
The notes form part of these financial statements
Page 8

SUPPORTING NEPAL'S CHILDREN
BALANCE SHEET
AT 31 DECEMBER 2024
2024
Restricted Total funds
funds
2023
Total funds
Unrestricted
funds
Notes
CURRENT ASs￿s
Debtors
Cash at bank
96
84,374
60
24,692
156
109.066
25
222.334
84.470
24,752
109,222
222,359
CREDITORS
Amounts falling due within one year
11.3501
11,3501
11,2901
NET CURRENT ASSETS
83.120
24,752
107,872
221,069
TOTAL ASSETS LESS CURRENT LIABILITIES
83.120
24,752
107,872
221,069
NEf ASSETS
83.120
24,752
107.872
221,069
FUNDS
Unrestricted funds
Restricted funds
83,120
24,752
216,747
4,322
TOTAL FUNDS
107,872
221,069
ancial statements
f by..
re
ro
ed by the Board of Trustees on
A?nl. 2025 and were signed on
its b
N Phillips -Trustee
The notes form part of these financial statements
Page 9

SUPPORTING NEPAL'S CHILDREN
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER Z024
Year Ended
31.12.24
Year Ended
31.12.23
Notes
Cash flows from operating activities:
Cash generated from operations
1113,2681
6,649
Net cash provftded by Iu5ed inl operating
activities
1113,2681
6,649
Cash flows from investing activities:
Interest received
Net cash provided by (used in) investing
artivities
Change in cash and cash equivalents in the
reporting period
Cash and Cash equivalents at the beginning of
the reporting period
1113.2681
6,649
222,334
215,685
Cash and Cash equivalents atthe end of the
reporting period
109.066
222,334
Page 10

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
RECONCILIATION OF INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
Year Ended Year Ended
31.12.24
31.12.23
Net income/lexpenditurel for the reporting period (as per the
statement of financial activities)
Adjustments for:
Decrease I Ilncreasel in debtors
IDeereasel / Increase in creditors
1113, 1971
6,559
11311
60
90
Net cash provided by (used in) / operating activities
1113,2681
6,649
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.24
Cash flow
At 31.12.24
Net cash
Cash at bank
222,334
1113,2681
109,066
Total
222.334
1113,2681
109,066
Page 11

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparlng the flnanclal statements
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective
l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared
under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to
the funds. it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings, they have
been allocated to activities on a basis consistent with the use of resources.
Project funding costs offered subject to conditions which have not been met at the year end date are
noted as a commitment but not accrued as expenditure.
Allocation and apportionment of c05t5
The breakdown of support costs and how these were allocated between raising funds and charitable
activities for the period to 315t December 2024 is shown below.
Raising Funds Charitable
activities £
1,800
598
1.658
Total
allocated £
1.800
598
1.658
Support Costs
Accountancy
Finance
IT costs
Basi5
Usage
Direct cost
Direct cost
Activity total
4,056
4,056
Taxation
The Charity is exempt from tax on it5 charitable activities. The fundraising activities, including the sale
of Chri5tma5 cards, are exempt under the small trading exemption.
Page 12

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE FINANCIALSTATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES- continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity.
Restrirtions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
DONATIONS AND LEGACIES
Year Ended Year Ended
31.12.24
31.12.23
Donations
Gift Aid
SJP Foundation donations
Christmas cards
126,222
16,593
11,143
65
115,546
15.373
9,031
1,359
154,023
141,309
Page 13

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITABLE AcfiviTIES COSTS
Grant
funding of
Support
activities
costs
(See note 41 (See note 11
Direct costs
Totals
Other charitable activities
Dhangadi Centre project
School fees and equipment
3,071
318
3,389
250,000
6,247
250,000
6,247
3,071
256,247
318
259,636
SUPPORTED PROJECTS GRANTS MADE
Year Ended Year Ended
31.12.24
31.12.23
Dhangadi Centre project
Olgapuri Centre project
School fees and equipment
250,000
115,528
6,838
6,247
256.247
122,366
TRUSTEES, REMUNERATION AND BENEFITS
There were no Trustees, remuneration or other benefits forthe year ended 31" December 2024.
Trustees, expenses
The total of Trustee5' reimbursed expenses expended on behalf of the Charity for the year to 31st
December 2024 was £1,690.
The total of Trustees, reimbursed expenses for the year to 31st December 2023 wa5 £1.282.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Prepayments and accrued income
25
156
156
25
Page 14

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
1,350
1,290
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
216,747
1133,6271
83.120
Restricted funds
Tim Mosedale Sherpa Fund
School fees fund
2,571
1,751
12,620
7,810
15,191
9.561
4,322
20.430
24,752
TOTAL FUNDS
221,069
1113,1971
107,872
Net movement in funds, included in the above are as follows..
Incoming
resource5
Resources
expended
Movement
in funds
Unrestricted funds
General fund
126.975
1260,6021
1133,6271
Restrl¢ted fund5
Tim Mosedale Sherpa Fund
School fees fund
15,000
12,048
{2,3801
14,2381
12,620
7.810
27,048
16,6181
20,430
TOTAL FUNDS
154,023
1267,2201
1113.1971
Page 15

SUPPORTING NEPAL'S CHILDREN
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
MOVEMENT IN FUNDS- continued
Comparatives for movement In funds
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestrirted funds
General fund
206,660
10,087
216,747
Re5trirted funds
Tim Mosedale Sherpa Fund
School fees fund
7,850
15,2791
1,751
2,571
1,751
7,850
13,5281
4.322
TOTAL FUNDS
214,510
6,559
221,069
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
137.999
1127,9121
10,087
Restricted funds
Tim Mosedale Sherpa Fund
School fee5 fund
15,2791
11,5591
15,2791
1.751
3.310
3.310
16,8381
13,5281
TOTAL FUNDS
141,309
1134,7501
6,559
Page 16

SUPPORTING NEPAL'S CHILDREN
DETAIiED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Year Ended Year Ended
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Donations and legacies
Donation5
GiftAid
SJP Foundation donations
Christmas card
126,222
16,593
11,143
65
115,546
15,373
9,031
1,359
Total incoming resources
154,023
141,309
EXPENDITURE
Charitable artivities
Supported projects donations
Advertising and promotional costs
Everest Base Camp costs
258,108
1,210
123,181
92
5,715
259.318
128,988
Support costs
Finance
Bank charges and fees
Governance costs
Accountants, remuneration for non-audit work
Information technology
IT costs
3,650
1,800
2.112
1.658
7,902
5,762
Total resources expended
267,220
134.750
Net income/{expenditure)
1113,1971
6.559
This page doe5 not form part of the statutory financial statements
Page 17