TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 Accoumfs AND TRUSTEES. REPORT FOR THE YEAR ENDED 31st JULY 2024 INDEX PAGE Constitution and administration Report of the trustees Statement of financial activities Balance sheet Notes to the accounts 5t08 Trustees, approval Independent examiner's report io
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 CONSTITUTION AND ADMINISTRATION Transforming Health and Education in Nepal was regISted as a 'charlrable incorporated organisation, ICIOI with the Charity Commission for England and Wale5 on 4th January 2016 under charity number 1165013. The charity also uses the abbreviated name'THEN'. The charity's 8overnin8 document is its constitution. which was originally approved by the trustees in September 2015 but subsequently revised in December 2015 following consultations With the Chartty Commission as part of the re8lStration process. The charity is a 'foundation' CIO so its only members are its trustees. The power of appointing new trustees lie5 Wlth the existing trustees. The following held office as trustees during the year ended 31st July 2024.. Mrs Cynthia Chadwell Mr Stephen Francis Mr Joel Hafvenstein Mr Richard Harniess Mr Andrew Kohn Mr lan Mitchell Iresigned 18th March 20241 Mr Daniel Parnell Rev Craig Watson (resigned 13th June 20241 The following have become trustees since 31st July 2024.. Mrs Phillipa Munday (appointed 13th November 20241 Miss Joy Ransom (appointed 13th November 20241 The object of the charlty, as set out In Its constltutlon, Is 'to advance education and promote and protect good health for the public benefit in Nepal. in particular by making grants and provlding resources to assist the charitable work of 'Human Development and Community Services, IHDCSI, an NGO operatin8 in Nepal". The trustees are aware of the Charity Commission's guidance on publlc benefit and believe that the above objective is in line with that guidance. In September 2016 the charity registered with H M Revenue and Customs (under reference EW544671 to enable gift aid tax repayments to be clalmed where appropriate. The charity's registered address is= Newminster House 27 - 29 Baldwin Street Bristol BSI ILT PAGE I
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3tst JULY 2024 Durin8 the year the charity continued to receive donations from individuals and other organisations, including churches, and grants from other charities to be used to support the work of Human Development and Community SeNices IHDCSI, an NGO operating in Nepal. This includes the hospital work of HDCS itself. the educational work of Kathmandu International Study Centre IKISCI, which is part of HDCS, and the teacher tralning and related work of EQUIP, which is part of KISC. The amounts receivable in the year to July 2024. including gift aid tax recovery, totalled £28,78612023 £42,735). of which £15,04212023 £9.3101 was given in support of specific prolects. These amounts were therefore treated as restricted funds. A summary of movements In the charlty's funds is given in note 10 to the accounts on page 8. The grants made by the charity during the year totalled £4,58712023 £35.8851 and included the followin8 specific projects and areas of work= Year to 31st July 2024 Year to 31st July 2023 HDCS Wor* in hospitals KISC New building IQTS Primary Ilbrary 262 481 2,500 270 532 2,981 EQUIP Scooter Feeding programme Library provision Scholarships ITlab Teacher training General work 383 100 1.451 300 400 500 623 920 1,403 5,274 TOTAL RESTRICTED FUNDS 1,935 8,255 UNRESTRICTED for work at KISC 2,652 27,630 4,587 35,885 PAGE 2
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TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARifi NO 1165013 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 315t JULY 2024 ACCOUNTING BASIS AND POLICIES In earlier years the charity prepared its accounts on the receipts and payments basis, which reflected the simple natute of its activities. In the year ended 31st July 2022 there was a change in the way some of the grants payable were dealt with, as set out in note 6. In the light of that change the accounts for that year were prepared on the accruals basis and the comparative figures for the year ended 31st July 2021 were restated accordingly. The accounts are now prepared on the accruals basis. The accounts are prepared in accordance with the requirernents of the Charities Act 2011 and with the Charities SORP IFRS 1021 and Financlal Reportin8 Standard 102. The accounts are prepared on the historical cost basis. The accounts are prepared using the following principal accountin8 policles.. INCOMING RESOURCES: Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Gift aid tax recoverable is included in the SOFA when there is a valid declaration from the donor. The amount recovered on a donation is considered to be part of that gift and Is treated as an addition to the same fund as the Initial donatlon unless the donor or the terms of the appeal have specified othenvise. OUTGOING RESOURCES: Grants payable are reco8nised as a liability as soon as they have been approved by the trustees. Other liablilities are recognised as soon as there is a legal or construrtive obli8ation committin8 the charity to pay out resources. FUNDS AND RESERVES The charity receives grants from other charities and donations from individuals and other organisations, including thurches. Most of this income is desi8nated for specific projects in Nepal and these amounts are treated as 'restricted fund5'. The balance of non specific gNing is regarded as an 'unrestricted fund.. The charity has no staff or premises and rt5 Cosis and expenses are therefore minimal. There is no need or desire to build up reserves and it IS the trustees. intention to pass on as much of its income as possible by way of grants. PAGE 5
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 20241contlnued) DEBTORS 2024 2023 Income tax recoverable under gift aid 328 CASH AT BANK 2024 2023 Co Operative Bank Community Dire¢tplus account 35,437 9,538 CREDITORSAND ACCRUALS 2024 2023 Sundry expenses BALANCE DUE TO KATHMANDU INTERNATIONAL STUDY CENTRE IKISCI 2024 2023 Balance held for KISC at start of year Grant recelved from another charity Grants payable from THEN 1,901 16.143 2,087 3,988 28,111 44.254 Amounts paid on behalf of KISC Balance held for KISC at end of year 142,3531 1,901 3,988 With the written agreement of the relevant donors. the above grants due to KISC are being held in the UK and used to make payments on behalf of KISC as requested by them. PAGE 6
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGisfERED CHARITY NO 1165013 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2024 (contlnued) STAFF NUMBERS AND COSTS The charity has no employees and there were therefore no staff costs in thi5 or the previous year. TRUSTEE REMUNERATION. EXPENSES AND DONATIONS AND RELATED PARTY TRANSACTIONS None of the trustees recelved any remuneration or payments In this or the previous year apart from the reimbursement of out of pocket expenses incurred on behalf of the charity. The trustees made freewill donations to the charity during the year of£2,70012023 £2,11. There were no related party transactions requirin8 disclosure Sn thls or the previous year. INDEPENDENT EXAMINER The trustees are grateful to Mr Anthony Ward. our Independent examiner, for providin8 hi5 services without charge. PAGE 7
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2024 (continued) io FUND MOVEMENTS Restricted Unrestricted funds fund Total funds Funds brought forward at 1st Au8USt 2022 Donation5 and grants receivable Gift aid tax recoverable 91 9.082 228 9,401 760 851 32.404 41,486 1.016 1,244 34,180 43.581 Grants approved Costs and expenses less interest 18.2551 {27,6301 135,8851 1591 1591 Funds carried forward at 31st July 2023 Donations and grants receivable Gift aid tax recoverable 1.146 14.494 6,491 13,544 23 20,235 7,637 28,038 748 36,423 16,188 Grants approved Costs and expenses less Interest {1.9351 12,6521 14,5871 1591 1591 Funds carried forward at 31st July 2024 14,253 17,524 31,777 Details of the specific projects and areas of work Included In the grants approved in the two years to 31st July 2024 are set out in the report of the trustees on pa8e 2. PAGE 8
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 TRUSTEES, APPROVAL The accounts and notes and the trustees, report for the year ended 315t July 2024 set out on pages I to 8 were approved by the trustees at a meetin8 held on 19th March 2025 Signed on behalf of the trustee5 Name S D Francis Name D M Parnell Signature Signature PAGE 9
TRANSFORMING HEALTH AND EDUCATION IN NEPAL REGISTERED CHARITY NO 1165013 INDEPENDENT EXAMINER'S REPORT I report to the trustees of Transforming Health and Education in Nepal I'the Charity'l on my examination of the accounts of the Charity for the year ended 31st July 2024. RESPONSIBILITIES AND BASISOF REPORT As the Charity's trustees, you are responsible for the preparatlon of the accounts In accordance wlth the requlrements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and In carrying out my examination, I have followed all the 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 matters have come to my attention in connection with the examination that 8ive me cause to believe that, in any material respect: the accounting records were not kept in accordance with section 130 of the Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulation$ 2008 other than any requirement that the accounts give a 'true and fair, view which 15 not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable proper understanding of the accounts to be reached, Name A Ward, FCA Addre 46 St Agnes Road Moseley Birmingham B13 9PN Signature Date PAGE 10