THE CHILDRENB AID FOUNDATON (UK Reg81• Qhurtty No. 11 FINANCIAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2024. This yw we have three kay deloPments to report. Fitrst gi4wi grants for chlldrnn's medlcal ngads and schwl matertds in V18ayas Phlllpplrw aswdl ing schools thgre and chlldrnn in poor communltles th8Te. In Bollvia the student we have Sponsed and cared for has rtsw graduated succassfuly from school. That means that now all our long term tjenethes we have sponsored to study have now graduated. In Spain we sponsored a student with equipmait netsyed such as a computer. In Morocco we halpgd slngle mthers. We now face an uncertain future. so xt this time we wlll not take on any more long term chlldren, but we plan to continue to give grants for iMMliate neats. Second, th8 rngulatory atrnosphere in the UK has become much more onerous with the passing of recent egislatSon. This obliges banks and othw financial institthions to know each customer. This allows an ordinary 18rf( working in one of these 8ntiti8S to freeze the account of the customer, ie potentially our charity vdithout ny warning, justification or court order. This renders all bank deposits. shares, bonds, cryptocuNencies on ntr81 exchanges, and other liquid financial instruments to become highly speculative assets, unsuitable for trust investment portfolio. We decided to close our broker account and keep only minimal bank deposits, Iving in future to acquire only r8al assets that cannot be touched by the clerks mentioned above. ird, we are at a crossroads. Elther we concentrate on gatting real assets, which is both costly and timè suming and requires expertise that we would have to hire or we conclude that the mission of our charity mplish8d and that therefore it is time to close it down. Over the coming 2 y&qrs we will evaluate the tion and wait to see rf God provides the funding we need to acquire the said real assets.
THE CHILDREN S AD FOUNtX4nC*I UK REGISTERED CFiARtTY II£ZftB INCOME AND EXPENDtTURE ACCOUNT FOR THE YEAR ENOED 318t DECEMBER IN GB POUNDS INCOME 2024 2023 7W.79 1800.00 10692.12 875.CKJ 10.00 150.00 893.05 950.(N) 120.00 11050.79 1160.52 ts for chiljren 5429.61 722.18 209.79 2889.19 23.59 733.68 780.21 0.00 SURFiUS CPARIED FORWARD account GBP kn vtt58 acrJyJnt Eum WLse aclXnt USD 7471.00 40.01 10.90 7471.00 TOTAL 7580.79
THE CHILDREN3 AID FOUNDATIIJN UK REGISTERED CHARrri Iifiz2fi BALANCE SHEEf AT 31st DECEMBER 2024 IN GB POUNDS 2024 2023 7471.92 ¥Yise GBP &xxurrt Wise Eum account Wise USS xcount 0.02 40.01 58.80 10.98 CREDtfoRS Am(xJrt fallirvJ due within one year cURREtr ASSErs 0.02 109.79 TOTAL ASSErs 0.02 7580.79 FINANCED BY Baiance brought forward Plus surplus (deficit) 7580.79 17580.7n 10692.12 (3111.35)
THE CHILDRENE AID FOUNDATION UK Rgjistered Charity 16 Notes tt> th8 for the year fded 31 st 08cember 2024 Note 1. pr1r) xc(ting policies. The A(XxwntirKJ Policr8s have been applied consistently in dealing with items whth e corsidwaj material fft l21K to tt Chartty's Financial Statements. PASIS OF ACCOUNTING. Fnwal Statn have prepared under the Historic Cost Conventk)n. 2. extWKliture on chiklren and youngsters amounted to 5429.61 pounds. Thts sum is Mdl betw ipiats n the following countries: Philippine5 3142.22 &)livia 587.39 TOTAL 5429.61 pouThds.
THE CHILDRENE AID FOUNDATION E CONFIRM TrIE ABOVE ACCOUNTS TO 31st DECEMBER 21Y24 ARE IN AGREEMENT wrrH THE ACCOUNTING RECORDS AND BANK STATEMENTS. lir* (m 16th Cthbw 2024 in Valenci& Spaln. Lean Delda Wolseley Wilmsen SECREfAF ah 2tr24 16th October 2024