Charlty Rogl•tr*tk>n No. 1177063 ALTEVETfE PROJECT (A CHARrrABLE INCORPORATED ORGANISATION) TRUSTEES. REpoirf AND FINANCIAL STATEMENTS FOR THE YEAR ENtIED 6 FEBRUARY 2022
ALTEVEThE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS lThl•pondont Examin*8 Rewt Receipts and Payrnts Account
ALTEVETfE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 6 FEBRUARY 2022 The Atevette p10(# is a Charrtth IneLYpwat•J OrganisatThi wthith TKa5 reg'stered on 7 Febrnry 2018. Its regi¥tered charity numtw 1$ 1177053. The chiVs trustees during the year to 6 Fel)ruary 2022. tAwe'. Linda Ambr¢xe Edna Stephen8 Mark Ive8 Chair Trustse8 are appointed by the exisliry trustees. Obj0 and maln acllvltl•• The o14'ective of Altevette Project is to athan the education of girfs from sLxiaNy and eo)ncml¢aUy dwdvantaggd communilw in Temote K)nS of Nepal by assKsb'r¥J in the provisDn of facili$ for edu¢>tn. The main for the first year (2018-191 was to bjild 8 SUPPOrter base, netth and to generste awareness of Alt8vettg Prciecl and for subsequgnl years to expand the suFpxter base and conbnue to raise awarene38 of thg charity and rts akn8 to 8 WKl8r audlerts and to fund the grThvlh of ts th. During the year 7 February 2021 to 6 Felxuary 2LY22. Alte PW has raised fund8 8rvJ tran8ferred monies to Pal Ewan Namgy81 Sch¢1 lor girls #i Nepal to supwrt th8 of 19 gtyls and fijnded th8 Salaries for 8 teachers. One further donation w88 to purch88e a cwnwa I bo usod b) lake phok)s for newsknttor8 and to make prthnothjnal deo8 for fundrai8ing. Warm cbthing was provptsj lo surffj• lh8 Chfert duiiryJ the harnh winter 81her UThjof to 8UPPOrt personal hygigne. Altevette Prwt has not apPed Ic, nor reLeibed. any grants or In¥entS during fir. The Truste88 are %ur¢S and receive no rOnati for Ihew effort8. R88tr1dko on 80cial gathwings and the r18 of lock¢Jwi during the Cov19 Pandem eaused great ¢halknnge8 for fvndraiwng. All fvndraising actMIi88 were txjnduded online throw our exi8ts.ng supp)rtor ba8e. We are grateful for the 8UKI)ort and mary hwrs of hard wort of ¥oluntew8 aThJ lor ttr c%)ntri from busine5S8S to ensure printing cost of promotional MaTlS are nc4 fvnd8d from rtY)gted m¢. Wrthout these bduntegring acalvit. V would not have achi8ved g) much. The trustees ha¥ h•J regard to the guMlan¢e issu1 by the Clwity Commission relating to public bgnefft. Achlovoments of the charlty durlng th• yoar The goal for the year vras to contnue to gr the 8UPFQrter ba8e esWisW during the earlier ywrs of operations. false awareness and to raise erKwh furKJs to SUFWI girls sdKol as wel as to fund the wages of teacher8. Our efforts for the year erKwh funds transferred trj the sl¥1 in January 22 to 19 girfs in 8rttooI {a¢commod"on & ft, cbthiThJ, healthcare ) and provhje funding for all 8 teachers. wages throughout 2022 and to furKI a salary increase for the lehers a fthv months kler. Purdn9 a eamera has the to make pmotional vts)s and to wovth F4)0tO3ra$ forfurKlraising and other matsrBIs.
ALTEVETfE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 6 FEBRUARY 2022 Achiwwn•nt8 of tho Charity durlng th• y•ar {c¢yntlnuod The children at schwl come from very ImpovShed kn11- subsislthTr farmer¥ LY animal herders . vtho often INe below the poverty line. The gits ha w fe4V possewms or chaw of clothes. Typ'cally one or more of trustees vtsrts the S¢01 each Jtar but no annual wrt vrds during this perKxl due to travel restn"Ctns Imp08ed on intemalional traveb. Four new%lekn were created arKI eleCtrOnK di&tributed to SUFpxkn arKI intwested indNAJuals during tho year to raise awareness of the need to raise funds to support teachers aTrJ strnts in in Nèpal. FaceiM)ok PQsts were also frequenty upjated to wre dweminat#M of news to sutv)rt8rn maintain terest amongst potential donor8. Fln•nclal rnvl•w for th• y•ar OonathS recoi%dfrom fundraisiThJ aCtiwtI £16.847.41 (2021 '. £19.254.08). Bank charg6B (irKluding paypal f) 1ftrred £260.53 (221 .' £221.93). Thwe 0th8r expenge$. Donat¥ totalling £19,C65.61 {2021 . É16.312.801 TAwe mado to th8 sttKXJI. At the fw18ncwl year and, 8 February 2022, there Yre re8er¥e8 hand of £11.404.84 (2021 '. £13.880.21). Thera are no fomial rxilrns On re8epM. 44.7% 01 donations recw¥ed fr(¥n ncffl UK counlrw i.e th? 80% threshold alhyhd by Chant Commissh)n regulath)ns - 2021 31.4%. An applKaK)n lor Gfft AKI qualrt'n9 dcrfwt1¥ was made to HMRC for dorith to 5 2022 to alYJn wrth the natronal tax fr¥c81 year. £1.318 of grtt aid vra8 received as a resutt of this. Artevetto Prc¥ect has chosen to bank ith ethKal bank Trv>)s as rll as th8 Uoyds Bank for cash deFQSrt8 over the counter and making the inlemational transfers to 8cho)fs bank in Kathma]u, Nepal. TTN)(k)s Bank's missK)n is to help Create a souety that bxote¢ts aTrJ prCffi qualty of life and human dv3nity for all. Sinee 1980, TricKlos bk.$ sustaina financ$ prc¥lucts have enabled indNKluals and organwtions to use their mongy in that benofrt p aThJ the envirormont Allo Prlect 15 to surwt ethKal and 8UStainable banking. There has been no exponditure during the yaar art from bank dprgos. Printing t>)sis have been financ&J from kxal businesses thereby ex¢kKling the nJ to Use donated monie8 promotwa5 mfials. Trips to the sthool for the trustees to observo the use of (knaled funds Possle are fulty fvnded by the individuals concemed thus ensuring no donated monies have been olher than for the purposes of providing $Ch11ng to dtsathantaged gits in Nepal who tyJhJ othephryse no access to sclKobng due to the remote nature of their hrynes.
ALTEVEE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 6 FEBRUARY 2022 Rl8k managomgnt The trustees have assessed the major risks Wh the tsity fe6 and that system¥ have boen establishgj to enab18 regular reviv to mitwe riths. The trustee5 of Altevette Project are mindful that Nep81 can a hvJh-rtyk county for finanewl transaction and lo ensure the donated monies rexh Ihe benefarles, mcrfw is Mly transferred dbr• to the Pal Ewam Namgyal school bank account and a rpt indKab"ry money has b8en recerMI in thè thl bank aco)unt is demanded. Altevetb ProJ¢¢t ne¥pr gbws eA8h to iThJividu. Before projects at the $dNl are fund8d. a written gt)n is WUFrwJ bre8k¢&ywn of costs eg materials. 18bour et¢. Photograph evkn of matenals. construction Drks finished items are required and a member of Altevettè Prq'ect Iraveb5 to the school at least once a yew to wrtness the rtems in srtu. All visits to tha schc4)l are funded by volunteer8 them8efv¢s and are not funded fr(¥n expen8e8 tsken fr(Kn monies. levette Proiact provides lunds for the CotrU. expanswjn & impr0Ml and op&ratn of the Pal Ewam Namgyal School for gw18 in Upper Mustang. a hvJh altstude and remote Hwnaan reg of Nepal. Plan• for fur• p•rlod• to int8r88ted partss. To raise fvnds to support teachers, s8lww in 2023 and 20 gr Attsvotte Prwt wim continue lo be run a 4rnteer t. Linda Amb Chair l)ate. Z022
ALTEVErrE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALTEVErrE PROJECT FOR THE YEAR ENDED 6 FEBRUARY 2022 I rewt to th8 truste85 on my exaMWian of the accounts of JIeI for the year erKJJ 6 February 2tr22. Rwpornlbllltl•s and bmls of r•port As the charity trustses you are resn$ for the preparation of th8 XfA)unts in a(xxydm wth the requirements of the Ch8rilies Act 2011 ('the ACY).. I report in respect of my examinalJn of the chanty¥ £nts caThd out under 8ect¥)n 145 of the 201 l and carrying out rny èxaminath)n I hgva folkyed al the appIable DireL##)ns by the Chanty Commi&s¥)n under secaion 145151{bl of the A£t. Indop•nd•nt •x•mln•rf• •tat•m•nt I ho compl8tgd my oxaminatK. I confmn that no maternl rn8tt habt ojne to my attentmin in conn8ctrJn with the eXaMinan gmng me cause to beli that in any material re8cl ac£ounting Ter[d& wern not kept in rwoct ¢1 Ihe cfrolity 86 wbon 130 of the Ad.. or the acUnts do not accord V•ith roc. the accourts do not ccwnpty with the aFplble requirements conceming the fomi and content of aCUnts 881 out in the Charrti88 (ACQnIS oTrJ ReFrtJts) Regukqlions 2008 olher than any requiremont that the accthints gNe a Irue and lair t•4tiKh is not a matter cornidered as part of an ind8pendent examination. I have rK) concem8 armj have come acTOSS no olher matters in connecton with the examination to t*thKh attention 8houkl be drawn in this rep)rt in order to enth 8 proper undèrstsThling of the acx¢unts to be reached. David W Mason FKiAAT DChA DWM Accounts"ng Lwnited 9 Needham Court Yaxley Petertx)rough PE7 3LE
ALTEVETTE PROJECT IA CHARITABLE INCORPORATED ORGANISATION) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 6 FEBRUARY 2022 2022 2021 Charlt¥blo A¢tlvltl•8: Fundraising from indNMlual dorMy8 16.847.41 19,254.08 Invoslment Incom•: Bank interest 5.47 Totsl R•celpts 16.850.77 19,259.55 Paym•nts Ch•rlt•bl• Exp•ndltur• Donalv)n810 8chwl 19.iK5.61 18.312.80 othor Expend1ts4r• Bank tharge$ 221.93 Totsl P•ym•ftts 19,326.14 18,534.73 Not r•c•lpts lor th• ymr 12.475.37} 2,724.82 Balanco brought forw•nl 13.880.21 11,155.39 Balanc• carrl•d forw•rd 11.404.84 13,880.21
ALTEVErrE PROJECT (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 6 FEBRUARY 2022 2021 Bank and balances.. Lloyds Bank - TreaSur$ a¢o)unt Lbyds Bank - Savings a¢¢ount Tnodo8 Bank. Charity Cwrent account Paypal 910.34 5.001.17 4.435.78 1.057.55 2.965.54 7.769.89 3.144.78 11,404.84 13,880.21 LirKla knbrose Trustee Oate.. 03 202