REGISTERED CHARITY NUMBER: 1160929 SUPPORTtNG NEPALS CHILDREN REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR SUPPORTING NEPAL'S CHILDREN Xeinadin South Wales & West Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT
SUPPORTING NEPAL'S CHILDREN CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report of the Trustees Ito6 Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement li Notes to the Financial Statements 12to16 Detailed Statement of Financial Attivities 17
SUPPORTING NEPAL'S CHILDREN REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their report with the financial statements of the Charity for the year ended 31 December 2025. 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. OBJEcfivES AND ACTIVITIES Objectives 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 materials and learning aids to schools in Nepal. Public beneflt 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 Serve 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 phi1050phy is that education provides choice and opportunities for young people and helps to break the poverty cycle. We have visited schools and provided sports equipment. uniforms, clothing and toy5 & books to school children. SNC has ensured that in planning and undertaking our activities we have paid full regard to the Charities Commi55ion public benefit guides. Our work initially focused on the rebuilding of seismically safe classroom5 following the earthquake in April 2015, since then we have moved to building complete schools. but the Government in Nepal a5 confirmed that the earthquake rebuilding programme 15 now largely complete $0 our emphasis has developed into building vocational school5. We and our not for profit Non-Governmental Organisations (NGOS) work with local communitie5 from the outset. We identify potential projetts and ensure we have community support, taking into consideration the needs of the schools and their wider community tommittees. We have also sought to identify future NGOS for us to partner with on our next projects. Grant makln8 We are not a grant making charity and do not invite grant applications. Instead, we raise funds and partner with suitsble NGOS locally in Nepal for the delivery of our projects. Before working with an NGO, we meet, interview and satisfy ourselves they have undertaken similar projects in the local area, review their track record and obtain references. 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 supporting our activities in Nepal. Page I
SUPPORTING NEPAL'S CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENT AND PERFORMANCE Charitable activities Fundraising In 2025 we ran a Tour de Mont Blanc event, where participants funded their own trip and were sponsored to raise funds for SNC projects. The majority of attendees were individuals who had previously supported events run in Nepal. The aim of this event as well as raising funds was also to trail running trekking events which are more affordable and accessible as the costs of long haul travel to Nepal and the extended period of time away from family is prohibitive for some individuals who would like to get involved and 5UPPOrt our cause. The funds raised from these events were mainly to support extending our vocational centre in Olgapuri, albeit the details of which are still in the planning stage. Page 2
SUPPORTING NEPAL'S CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL REVIEW Flnancial positlon During the period ended 31st December 2025 total income was £47,773 12024: £154,023) and total expenditure was £15,02012024: £267,220). Principal fundlng sources Our principal source of funds has been from donations made by individuals raised through trekking events. Investment pollry and objectlves At present we do not hold any 'lnvested' funds. Instead, we have chosen to hold our funds on reserve in charity business bank account. This has the benefit of ensuring we have readily available liquid assets to draw on as required. Internal and external fartors- principal rlsks 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 projetts and the potential physical risks to volunteer and trustees. Financial risk through insufficient funds or capital reserves to complete projects Child protection & safeguarding. as our projects involve Trustees and volunteers visiting schools. Close working links with the St. James Place Charitable foundation. their support ha5 helped to boost fundraising and to provide u5 Wlth 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. Political and civil unrest in Nepal. During 2025 this has escalated a5 and required us to work closely with our NGO, the Nepal Youth Foundation to ensure children at our projetts were safe and that any future events run in Nepal in future year5 would be safe for participants. We regulatory review foreign office guidance as well as taking in country advice and will continue to monitor the Situation over the course of 2026. Failure of expedition company who operate in country logistics on behalf of SNC. As Trustees we aim to iderstify 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 2025 FINANCIAL REVIEW Reserves policy SNC holds reserves of £140,625 as at year end 31 December 2025. These comprise of restricted funds as well a5 project contingencies. We do not consider the need to hold a contingency for the restricted funds based on the School fee cost5 and age of the children being supported. The remaining reserves are to ensure we have adequate emergency funds in place to cover unforeseen costs associated with our building projerts. Reserves are based on a 20% contingency on future project costs. Restrlcted 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. Going into 2026 we will also hold an additional restricted fund 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 each by the event participants. Future Events 2026 will be an ambitious year and we will be running three fund raising events. Everest base camp trek and Build & Trek in Nepal and the Camino Trail in Spain. Vocational Schools Our next vocational school projett will be to extend the facilities at the Olgapuri Vocational School. This work will be carried out in conjunction with our NGO the NYF. Pollcy 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 Trustees 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 statement5. Page 4
SUPPORTING NEPAL'S CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The Charity is constituted as a Charitable Incorporated Organisation ICIOI and is governed by a constitution dated 25th February 2015. SNC was registered with the Charity Commi55ion 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 responsibilities. 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 a5 such are familiar with the Trustee Act 2000 and the role and responsibilities of Trustees and their duties. REFERENCEANO ADMINISTRATIVE DEfAILS Registered Charity number 1160929 Principal address Cotswold Cottage Church Road Leonard Stanley, Gloucestershire GLIO 3NX REFERENCE AND ADMINISTRATIVE DETAILS Trustees MROwen Ms N Phillips Mr G Thomas Mr N Jones CEO & Fundraising Finance & Governance Strategy & Operations Corporate Partner Resigned 1410212025 Page 5
SUPPORTING NEPAL'S CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Volunteers Ms H Grace Mrs S-J Leicester MrG Neal Ms P Reed In country relationship partnering Marketing & PR Finance & Governance Marketing & PR NGOS. Partners and Support Riswo R. Gorkholi Chris Short Steph Lane NGO, Nepal Youth Foundation Far Frontiers Nepal Far Frontiers Nepal 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 Stroud Gloucestershire. GL5 3BB Approved by order of rd of Trustees on 2026 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 (the Charity) for the year ended 31 December 2025. 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 of the Charities Act 20111'the Act,). I report in respect of my examination of the Trust's accounts carried out under settion 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's statement I have completed my examination. I confirm that no material matter5 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 respect 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) Regulation5 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 concerns and have come across 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 account5 to be reached. IJ IG43 Mark Aldridge FCCA Xeinadin South Wales & West Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT Date: l fif(LiU2026 Page 7
SUPPORTING NEPAL'S CHILDREN STATEMENT OF FINANCIAL ACtIVlTIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestricted funds Restritted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 42.097 5.676 47,773 154,023 Investment income Other income Total 42,097 5,676 47,773 154,023 EXPENDITURE ON Charitable activities 10,825 4.195 15,020 267.220 Total 10,825 4,195 13,244 267,220 NET INCOME/IEXPENDITURE) 31,272 1,481 32,753 1113,1971 RECONCILIATION OF FUNDS Total funds brought forward 83,120 24,752 107,872 221,069 TOTAL FUNDS CARRIED FORWARD 114,392 26,233 140.625 107,872 The notes fomi part of these financial statements Page 8
SUPPORTING NEPAL'S CHILDREN BALANCE SHEET AT 31 DECEMBER 2025 2025 Restricted Total funds funds 2024 Total funds Unrestrirted funds Notes CURRENT ASSETS Debtors Cash at bank 145 121,157 63 20,658 208 141,815 156 109,066 121,302 20,721 142,023 109,222 CREDITORS Amounts falling due within one year 11,3951 131 11,3981 11,3501 NET CURRENT ASSErs 119.907 20.718 140,625 107,872 TOTAL ASSETS LESS CURRENT LIABILITIES 119,907 20,718 140.625 107,872 NET ASSETS 119,907 20.718 140,625 107.872 FUNDS Unrestricted funds Restricted funds 119,907 20.718 83,120 24,752 TOTAL FUNDS 140,625 107.872 The fi it5b ancial statements proved by the Board of Trustees on 2026 and were signed on Ms N Phillips -Trustee The note5 form part of these financial statements Page 9
SUPPORTING NEPAL'S CHILDREN CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 Year Ended 31.12.25 Year Ended 31.12.24 Notes Cash flows from operating activities: Cash generated from operations 32,749 1113,2681 Net cash provided by (used in) operating activities 32,749 1113,2681 Cash flows from investing activities: Interest received Net cash provided by (used in) investing artivlties Change in cash and Cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 32,749 1113,2681 109,066 222,334 Cash and cash equlvalents atthe end of the reporting period 141,815 109,066 Page 10
SUPPORTING NEPAL'S CHILDREN NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES Year Ended Year Ended 31.12.25 31.12.24 Net income/{expenditure} for the reportlng period (as per the statement of financial artivities) Adjustments for: Decrease / Ilncreasel in debtors (Decrease) / Increase in creditors 32,753 1113,1971 1521 48 11311 60 Net cash provided by (used in) l operating activities 32,749 1113,2681 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.25 Cash flow At 31.12.25 Net ¢a5h Cash at bank 109,066 32.749 141,815 Total 109.066 32,749 141,815 Page 11
SUPPORTING NEPAL'S CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statement5 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 (effective 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 tost 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. Projett funding costs offered subject to condition5 which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Allocatlon and apportionment of costs The breakdown of support COSt5 and how these were allocated between raising funds and charitable activities for the period to 31st December 2025 15 shown below. Raising Fund5 Charitable activities £ 1.834 60 390 1.896 Total allocated £ 1,834 60 390 1,896 Support Costs Accountancv Legal & professional Finance IT costs Basis Usage Direct cost Direct C05t Direct Cost Activlty total 4,180 4,180 Taxation The Charity 15 exempt from tax on its charitable activities. The fundraising activities, including the sale of Christmas cards. are exempt under the small trading exemption. Page 12
SUPPORTING NEPAL'S CHILDREN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 310ECEMBER 2025 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. Restrictions 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 31.12.25 31.12.24 Donations Gift Aid SJP Foundation donations Christmas cards 39,847 7,926 126,222 16,593 11,143 65 47,773 154,023 Page 13
SUPPORTING NEPAL'S CHILDREN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDEO 31 DECEMBER 2025 CHARITABLE AcfiviTIES COSTS Grant funding of Support activities costs (See note 41 Isee note 11 Direct COSts Totals Other charitable activities School fees and equipment 6,644 162 4,180 10,824 4,196 4,034 6,806 4,034 4,180 15,020 SUPPORTED PROJECTS GRANTS MADE Year Ended Year Ended 31.12.25 31.12.24 Dhangadi Centre project School fees and equipment 250.000 6,247 4,034 4.034 256,247 TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees, remuneration or other benefits forthe year ended 31, December 2025. Trustees, expenses The total of Trustees, reimbursed expenses expended on behalf of the Charity for the year to 31st December 2025 was £2.582. The total of Trustees, reimbursed expenses for the year to 31st December 2024 was El,690. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments and accrued income 208 156 208 156 Page 14
SUPPORTING NEPAL'S CHILDREN NOTESTOTHE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditor5 1,398 1.350 MOVEMENT IN FUNDS Net movement in funds At 31.12.25 At 1.1.25 Unrestricted funds General fund 83,120 31,272 119,707 Restricted funds Tim Mosedale Sherpa Fund School fees fund 15,191 9,561 14,0341 5,515 11.157 9,561 24,752 1.481 20,718 TOTAL FUNDS 107,872 32,753 140,425 Net movement in funds, included in the above are as follows: Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 42,097 110,8251 31,272 Restricted funds Tim Mosedale Sherpa Fund School fees fund 14,0341 11611 14,0341 5.515 5,676 14,195} 1.481 TOTAL FUNDS 47,773 115.0201 32,753 Page 15
SUPPORTING NEPAL'S CHILDREN NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 MOVEMENT IN FUNDS- continued Comparatives for 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 1113,197) 107,872 Comparative net movement in funds. included in the above are as follow5: Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 126,975 1260,6021 1133,6271 Restricted funds Tim M05edale Sherpa Fund S¢hool fees fund 15,000 12,048 12,3801 14,2381 12,620 7,810 27,048 16,6181 20,430 TOTAL FUNDS 154,023 1267.220) 1113,1971 Page 16
SUPPORTING NEPAL'S CHILDREN DETAILED STATEMENT OF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2025 Year Ended Year Ended 31.12.25 31.12.24 INCOME AND ENDOWMENTS Donatlons and legacles Donations GiftAid SJP Foundation donations Christmas card 39,847 7.926 126.222 16,593 11,143 65 Total incoming resources 47,773 154,023 EXPENDITURE Charitable activities Supported project5 donation5 Advertising and promotional costs 7,659 1,405 258,108 1.210 9,064 259.318 Support C05t5 Finance Bank charges and fees Governance costs Accountants, remuneration for non-audit work Information technology IT costs Legal & professional Fundraising Regulator 2,166 4,444 1,834 1,800 1,896 1,658 60 5,956 7,902 Total resources expended 15,020 267,220 Net income/(expenditure) 32.753 1113,1971 This page does not form part of the statutory financial statements Page 17