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