2024-03-31-accounts

Registered number: 09626673 Charity number: 1163423

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Chairman's Statement	2
Trustees' Report	3 - 7
Independent Examiner's Report	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11 - 20

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Jane Whitfield, Chair of Trustees Clive Doubleday Paul Ramsey (resigned 13 April 2023) Sandra Boreham Cheryl Summers Company registered number 09626673 Charity registered number 1163423 Registered office PO Box 1414 Peterborough PE1 9WG Company secretary Ruth Doubleday Chief executive officer Tim Doubleday

Page 1

SMILE INTERNATIONAL IA Company Limited by Guarantee) CHAIRPERSON'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The chairperson presents their stalemenl for the year_ l arn pleased lo introduce the Trustees Report with the Financial State￿ents for 2023124. Our main areas of activity are represenlecl t>y the acronym FEED". F eeding E ducating E mpowering D eveloping Smile Internalional Is passionate about helping lo relieve suffering and povety around the wodd through our FEED programmes Feeding. Educating. Empowering and Developing. as well as our Child and Widow Spon30r3hip progfamTne3. Wc JTC dcdiuied to giving hope to those in need an(J providing people wllh an opportunity lo develop emotionally. physically. socially and spiritually. In UGANDA. we provide children with an educabon to help them escape the cycle of povety through our Child Sponsorship programme. We also focus on empowering individuals and help them lo become self-sufficienl through our Empowering programme. so they can earn a living and support their families. In ZIMBABWE. through our Feeding programme. we provide a meal for many children each school day. As well as feeding children. we also provide food paicels for widows and pastors every month. Over the years, through our Developing programme. we have been able lo build new classrooms, toilet blocks, kitchen sheltèrs and church buildings, as well as water supplies lo provide fresh water. In INDIA. we funded a minislrv and evangelism training course for men and women. called to serve God and share the Gospel in the local towns and villages_ We also supported a pre-school every school day which enabled them lo be more prepared for when they reach school. We provided academic sUPPOrt and encouraged the children's social and educational wellbeing. In KOSOVO, we have previously supported war widows and their families and provided palliative care lo cancer patients. We provided free medical assislance as well as medicines for pain relief. We still have our own purpose-buill Smile Centie. which accommodates guests anc hosts conferences_ We thank God for the privilege it is to se￿e Him and His people and for the wonderful way He has Gonlinued to help us care for many struggling children and families across the wodd during this past year. We are so grateful for the generosity and encouragement of our supporters. which has enabled LJS lo maintain and develop our core aclivilies. Jane Whiffield Chair Of Trustees Date.. 15 November 2024 Page 2

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

 Policies and objectives

• To transform whole lives; body and soul, of the most vulnerable people who have been damaged by war, poverty, illness and natural disaster

• To work in effective partnerships to make a real difference to those in need

• To be an organisation where every person and gift of time, money or goods is used to best effect and which exercises good stewardship of resources

• To keep our supporters informed about activities

• To train and develop our staff and volunteers to be effective in their work and ministry

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 3

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

 Activities undertaken to achieve objectives

Income

Overall income was £139,299 in 2023/24.

Expenditure

Expenditure was £176,015

We endeavoured to maintain the proportion of expenditure going to charitable activities at more than 75% of our total expenditure. This year the percentage was 87.1% (2023 - 90.2%).

Child Sponsorship

Our Child Sponsorship programme has continued with the children benefitting from receiving an education to help them escape the cycle of poverty. When a person sponsors a child, for just £30 per month, it changes their life but what we often forget, is that it changes ours too. Child Sponsorship actively turns tears into smiles and helps give a child the support they need to grow and change their lives. Each child is the future of their country, and we are passionate in serving these children so that they can reach their God-given potential.

Widow Sponsorship

It has always been at the heart of what Smile International has done, to care for and look after widows in their time of need. We truly believe that God holds widows close to His heart and this is what drives us to help support, care for and turn their tears into smiles. We feel so passionate about being their support that we have a Sponsor a Widow programme, where people can regularly sponsor a widow for just £25 a month and become their friend from afar. The help they receive from Smile International means they know that someone cares for them, cares about their challenging situation and cares enough to help them through it.

Our work overseas

UGANDA

Many children would love to attend school and learn in order to make a difference to their lives, but very often they are faced with the debilitating despair of progressing into the cycle of poverty. It is such a privilege to have the opportunity of an education, and we do not want children to miss out on that privilege just because they are poor. In Uganda we have a Child Sponsorship programme where we provide school fees, and other necessities for children, in order that they can attend school and stand a real chance in achieving their dreams.

We are also passionate about empowering those who dream to become self-sufficient, and we provide this opportunity through our micro-financing programmes. It is all about how to make a small business sustainable which will therefore generate income for the future.

ZIMBABWE

We are passionate about feeding the hungry in Zimbabwe each school day. These children are from very deprived families who struggle to survive, which means many children often arrive at school extremely hungry. Some of the children we work with are child-headed families and so do not have any parents or older family members to look after them. We provide food and practical support to these children to ensure that they do not go hungry. As well as feeding children, we also provide food parcels for widows and pastors regularly. As a result of Smile’s help, local communities have been considerably transformed, through our development work of building a cookhouse and feeding shelter, as well as classrooms, which empowers the local community.

Page 4

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

INDIA

We have been working in India for over a decade now to fund a ministry and evangelism training course for men and women, called to serve God and share the Gospel in the local towns and villages. During these meetings we provided the students with study books and a meal, so that they can be more focussed and be more effective in their learning. Over the years, our team assessed the needs of people they met and provided support through the village ministry. We also supported a pre-school every school day which enabled them to be more prepared for when they reached school. We feel that we have accomplished our mission now as we have trained hundreds of students in evangelism ministry and hundreds of pre-school children have been helped too. We have felt privileged to serve the people of India during the past decade with these projects and we wish them well in the future.

KOSOVO

In 2011 we set out with a plan to start a palliative care programme in Kosovo to provide professional end of life care for terminally ill patients. Our aim was to support the care of seriously ill and dying patients in their homes, bringing comfort and dignity to people and help them live life to the full, for whatever time they have left. Since then, we have trained over 3,200 doctors and nurses in end-of-life care. We have completed over 21,500 homecare visits and have treated thousands of patients. We have therefore accomplished our mission which we set out to achieve in 2011 and will therefore no longer be running our palliative care project in Kosovo. We have felt privileged to serve the people of Kosovo during the past decade with this project and are pleased that the government of Kosovo is now helping to provide healthcare for cancer patients. We still have our Smile Centre there which can accommodate guests and host conferences throughout the year.

 Main activities undertaken to further the Charity's purposes for the public benefit

The Trustees are mindful of the Charity Commission's guidance on reporting on public benefit when reviewing our aims and objectives and planning our activities. Smile International work with some of the poorest people around the world providing food, education, spiritual and medical care to those in need, irrespective of their race, faith or nationality, and have ensured that the activities undertaken contribute to the aims and objectives of the charity. In addition, by putting to good use items that would otherwise go to waste, the charity has a positive impact on the environment. The Trustees are therefore confident that Smile International meets the public benefit requirements.

Achievements and performance

Financial review

 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 statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 5

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

 Reserves policy

The Trustees continued to review the appropriate level of reserves required annually. The main purpose of our reserves is:

• To enable us to react to challenges when they arise.

In practice this means aiming to have at least £500 kept in our reserves. The trustees can confirm that this target amount has been met for this financial year.

Reserves of the charity fall into two types:

Restricted funds

These are funds where a donor has stipulated how their donation is to be spent. In most cases there will be a time difference between when such funds are received and when they are spent. In particular, there may be a need for immediate relief work, followed by longer-term rehabilitation and development projects, resulting in part of the restricted appeal monies being expended over a number of years. Sometimes it takes time to raise sufficient funds to be able to start a project so there may also be a delay in making expenditure.

Unrestricted funds

These are funds where there is no stipulation from the donor as to how the donation may be spent. Within certain operating needs, the Trustees' policy is to ensure that all funds are expended as soon as possible, in order to fulfil the purpose of the donations, while guaranteeing these resources are used effectively. Not only does this achieve the goals of the charity to help those in need, but this also means that we can give speedy feedback to donors, which helps inspire confidence in our work and motivates donors to continue their support.

 Company status

In 2017, Smile International upgraded its status to that of a limited company whilst keeping its registered charitable status.

Smile International is a company limited by guarantee, registered in England and Wales. Company registered number 9626673. Registered Charity Number 1163423. Smile International is also registered with the Fundraising Regulator.

As a limited company and registered charity, our accounts are independently reviewed and the accounts will be submitted to Companies House.

We also report to the Charity Commission, an independent body that regulates activities of charities in the UK.

Structure, governance and management

 Constitution

Smile International is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 06/06/15.

 Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

Page 6

SMILE INTERNATIONAL (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Structure, govemance and management (continued} • Financial risk management The Trustees acknowledge their responsibility to undertake a risk assessment of the Charity's work and regulady review all aspects of Smile International's work Risk management plans are irnplemenled The Trustees keep this process under regular review. The main risks are financial. and in particular". The shortage of unreslncled income to maintain expenditure and our ieserves policy. The uncertainty of foreign exchange rate fluclualions and inflation abroad on the cost of projects_ Ffaud, through assets being abused or misdirected through poor financial controls or dishonesty in countries where we operate. We regulady rnonitor and, where necessary. address these nsks. Plans for future periods The ongoing main objeclive for 2024125 Is to eontinue working towards helping as many people that need our help throughout this next year as well as help lo continue lo maintsin our existing prcjecls. Our aim Is also lo increase and gain more supporters who can help to support us on our journey throughout the next financial year The Trustees would like to express their gratitude lo all our supporters and donors. big or small. and their deep apprecialion lo all our staff. volunteers, supportefs and partner organisalions for their commitment and contribution lo the vision and values of Smile Inlernalional. We conlinue to Irusl the Loid as we move forward in faith. statement of Trustees. responsibilities The Trustees Iwho are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial slalemenls In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracb"cel. Company law requires the Trustees lo prepare financial slalemenls for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and lair view of the slate of affairs of the Charity and of its incoming resources and application of iesources. Including Its income and expenditure. for that period. In preparing these financial stalemenls, the Ttustees are required to. select surtable accounting policies and then apply them consistently.. observe the melhods and principles of the Chatilies SORP IFRS 1021. make judgments and accounting estiryiales tha: are reasonable and prudent". stsle whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any malenal (Jepartures disclosed and explained in the financial stalernents, prepare the financial statements on the going concern basis unless il is Inappropriate to presume that the Charity will continue In business. The Trustee5 ao responsible for keeping adequate attounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position ol the Charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for saleguardir,g the assets of the Charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other Irregularities. Approved by order of the members of the board of Truslees ar)d signed on their behalf by.. Jane INhiffield Chair of Trustges Date.. 15 November 2024 Page 7

SMILE INTERNATIONAL IA Company Limited by Guaranteg) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examinerfs Report to the Trustoe5 of Smile Intemational ('the Charity) I report lo the chaity Trustees on my examinakn.on of the accAJunts of the Charity for the year ended 31 March 2024. Responsibilities and Basis of Report As the Trustees of the Charity (and ils directors for the purposes of company lawl you are responsible for the preparabon of the accounts in accordan￿ with the requirements of the Companies Act 2006 {'the 2006 Acl'l. Having satisfied my3elf that the accounts of the Charrty are not required to be audited under Part 16 of the 2006 Act and are eligible for indepeThlent examinats"on. I reFM)rt in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 {Ihe 2011 Acl'l. In carrying out my examination I have followed the Diredions given by the Charity Commtssion undw section 145t5Xbl of the 2011 Acl. Indop8ndènt Examinerfs S&￿em&nI I have completed my examination. I confinn that no matters have (*Jme to my attention in connection with the examination giving me cause lo believe= acC￿nting records were not kept in respect of the CharFty as required by section 386 of the 2006 Act", or the accounts do not a(xord those records.. or the accounts do not comply wlh the accounting requiTrmenls of section 396 of the 20￿ Act other than any requirement that the accounts give a Inje and fairf view which is not a matter considered as part of an independent examination,. or Ihe accounts have not been prepared in acC(￿￿3n￿ the methods and principles of the Ststement of Recommended Practice for accounting and reporting by CharIt￿S lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Signed.. Dated. 20 November 2024 Stephen M Fryer Hedley Dunk Llmlted Chartered Accountants and Slatulcry Auditors FCA Page 8

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note Income from: Donations and legacies 3 Other income Total income Expenditure on: Raising funds Charitable activities 4 Total expenditure Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2024 £ 136,644 - 136,644 22,769 150,591 173,360 127,442 (36,716) 90,726	Restricted funds 2024 £ 2,655 - 2,655 - 2,655 2,655 - - -	Total funds 2024 £ 139,299 - 139,299 22,769 153,246 176,015 127,442 (36,716) 90,726	Total funds 2023 £ 169,489 - 169,489 20,066 183,896 203,962 161,915 (34,473) 127,442

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 20 form part of these financial statements.

Page 9

SMILE INTERNATIONAL IA Company Limited by Guarantee) REGISTERED NUMBER: 09626673 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Nole Fixed assets Tang1ble assets 252,864 258.891 252,864 258.891 CurTent assets Debtors Cash al bank and in hand 10 5.549 646 4,961 1,528 6,195 6,489 Creditors.. amounts falling due within one year 1168,3331 1137.9381 Net curreni liabilities 1162.1381 1131,4491 Total assets less eurrent liabilities 90.726 127,442 Ngt assets excluding pension a$$et 90 726 127.442 Total nel ass¢t$ 90,726 127.442 Charity funds Reslricled funds Unreslricled funds 12 12 90.726 127.442 Total funds 90,726 127,442 The Charity was entitled lo exemption from audit under section 477 of the Companies Act 2006. The tnembers have not required ihe company to obtain an audrt for the year in question In accordance with section 476 01 Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial stalements. The financial statements have been prepared in accordance with the provisions applicable lo entities subject lo the small companies regiffle. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Jane Whittiold Chair of Trustees Dale. 15 November 2024 The notes on pages 1110 20 fom part of these financial statements. Pa9e 10

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Smile International is a private limited company by guarantee registered in the UK. It is also a registered charity in the UK, with its operations and principal activities disclosed in the Trustees' Report. The principal place of business is the same as the registered address.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Smile International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial statements are prepared on a going concern basis. After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate current reserves and future sources of income to continue in operational existence for at least twelve months following the approval of these financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 11

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% reducing balance
Office equipment	-	25% reducing balance

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 12

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations Legacies Total 2023	Unrestricted funds 2024 £ 131,200 5,444 136,644 167,509	Restricted funds 2024 £ 2,655 - 2,655 1,980	Total funds 2024 £ 133,855 5,444 139,299 169,489	Total funds 2023 £ 142,326 27,163 169,489

Page 13

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Analysis of expenditure on charitable activities

Summary by fund type

Projects Total 2023	Unrestricted funds 2024 £ 150,591 181,916	Restricted funds 2024 £ 2,655 1,980	Total 2024 £ 153,246 183,896	Total 2023 £ 183,896

5. Analysis of expenditure by activities

Projects Total 2023	Activities undertaken directly 2024 £ 37,221 43,548	Support costs 2024 £ 116,025 140,348	Total funds 2024 £ 153,246 183,896	Total funds 2023 £ 183,896

Analysis of direct costs

Projects Sponsorship Total 2023	Projects 2024 £ 25,592 11,629 37,221 43,548	Total funds 2024 £ 25,592 11,629 37,221 43,548	Total funds 2023 £ 33,252 10,296 43,548

Page 14

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Analysis of expenditure by activities (continued)

Analysis of support costs

Projects 2024 £ Staff costs 51,621 Depreciation 6,027 Travel 4,393 Advertising 11,127 Rent & Rates 6,215 Insurance 1,468 Printing, postage & stationery 5,386 Computer costs 5,593 Legal & Professional 10,695 General expenses 1,815 Bank charges 4,605 Telephone 3,741 Accountancy costs 3,339 116,025 Total 2023 140,348 6. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Fees payable to the Charity's independent examiner in respect of: All other services not included above	Total funds 2024 £ 51,621 6,027 4,393 11,127 6,215 1,468 5,386 5,593 10,695 1,815 4,605 3,741 3,339 116,025 140,348 2024 £ 2,000 1,339	Total funds 2023 £ 57,193 6,121 5,742 10,134 3,483 1,536 7,962 11,166 13,883 7,331 7,842 4,895 3,060 140,348
		2023 £ 1,840 1,220

Page 15

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Staff costs

2024 £ Wages and salaries 70,534 Social security costs 1,603 Contribution to defined contribution pension schemes 1,607 73,744 The average number of persons employed by the Charity during the year was as follows: 2024 No. Staff 3	2023 £ 72,929 1,745 1,582
	76,256
	2023 No. 4

No employee received remuneration amounting to more than £60,000 in either year.

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).

Page 16

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9. Tangible fixed assets

Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023	Freehold property £ 287,100 287,100 29,348 5,742 35,090 252,010 257,752	Fixtures and fittings £ 420 420 320 25 345 75 100	Office equipment £ 4,374 4,374 3,335 260 3,595 779 1,039	Total £ 291,894 291,894
				33,003 6,027 39,030
				252,864
				258,891

10. Debtors

Due within one year Other debtors Prepayments and accrued income Creditors: Amounts falling due within one year Other loans Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income	2024 £ 3,386 2,163 5,549 2024 £ 14,000 2,502 312 144,828 6,691 168,333	2023 £ 2,639 2,322
		4,961
		2023 £ 10,000 2,597 328 121,541 3,472
		137,938

11. Creditors: Amounts falling due within one year

Page 17

SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Statement of funds

Statement of funds - current year

Unrestricted funds General Funds - all funds Restricted funds Feeding Educating Empowering Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds Feeding Educating Empowering Total of funds	Balance at 1 April 2023 £ 127,442 - - - - 127,442 Balance at 1 April 2022 £ 161,915 - - - - 161,915	Income £ 136,644 2,307 100 248 2,655 139,299 Income £ 167,509 926 387 667 1,980 169,489	Expenditure £ (173,360) (2,307) (100) (248) (2,655) (176,015) Expenditure £ (201,982) (926) (387) (667) (1,980) (203,962)	Balance at 31 March 2024 £ 90,726
				- - - -
				90,726
				Balance at 31 March 2023 £ 127,442
				- - - -
				127,442

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SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Summary of funds

Summary of funds - current year

General funds Restricted funds Summary of funds - prior year General funds Restricted funds	Balance at 1 April 2023 £ 127,442 - 127,442 Balance at 1 April 2022 £ 161,915 - 161,915	Income £ 136,644 2,655 139,299 Income £ 167,509 1,980 169,489	Expenditure £ (173,360) (2,655) (176,015) Expenditure £ (201,982) (1,980) (203,962)	Balance at 31 March 2024 £ 90,726 - 90,726
				Balance at 31 March 2023 £ 127,442 - 127,442

14. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 252,864 6,195 (168,333) 90,726	Total funds 2024 £ 252,864 6,195 (168,333) 90,726

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SMILE INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2023 £ 258,891 6,489 (137,938) 127,442	Total funds 2023 £ 258,891 6,489 (137,938) 127,442

15. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,607 (2023 - £1,582) Contributions totalling £312 (2023 - £328) were payable to the fund at the balance sheet date and are included in creditors.

16. Operating lease commitments

The Charity had no commitments under non-cancellable operating leases at 31 March 2024.

17. Related party transactions

The spouse, son and daughter of a Trustee are employed by the charity. They received total remuneration for their services to the charity of £69,334 (2023 - £70,623), which is included in staff costs.

Donations received during the year from Trustees and close family members amounted to £17,537 (2023 - £6,236) and are included in income from donations.

Amounts owed to Trustees at the balance sheet date amount to £4,000 (2023 - £Nil) and are included in other loans.

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