awlty Thmiber. 1181316
NEPALI CHILDREN'sTrusr ao
UNAUDrrED
TRusfEES' REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

NEPAU CHIU)REWS TRilSr ao
copirEras
13.4,5&6
Independert Examlnerfs Rwt
7&8
Statement ot Flnandal Acll¥ftles
9.10,11&12
Notes to the Flnandal Statements
14&15

NEPALI CHIUIREKSTRiisr co
REFERENCE AND ADMINisfRATIVE DEfAILS OF ThE TRusr. Its TRusfEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
*5 S J Da¥les Cthalr
Ms D Bunran
MrsA Yw
Mr G James
Dr J Harvey
Mr J Wyld
Mrs M Cooper
Mrs M Thomas
Ms C Wllcox
Charlty rellstered number 1181316
Prlndpal offlce
Ropers Lane
wrf
Bankers
HSBC Bank Plt
8 Canada Square
London
E14 SHQ
Page I

NEPAU CHILDREWSTRUSr ao
TRusfEEV REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the
Nepali Children's Trust CIO for the l April 2022 to 31 March 2023.
The Nepall Children's Trust Assodation l-the Associatson-) was fombed In 2￿5. In December
2018 the Nepali Children's Trust CIO 1.the Trust") wa5 fomied to be the successor body to
the Association and effective from the 31 March 2019 the whole business, undertaking and
assets of the Association were transferred to the Trust when the Associalion ceased to carry
on busines& For all purposes the Trust has been the successor charlty to the associatlon as
from 31 March 2019.
Objectlves and adlvftfes
Polldes and obJectl¥es
The princlpal object of the Trust is for the relief of poverty, hardship and distress and the
advancement of education among thildren and young people in Nepal, in particular, but
not excluslvety. such persons with a disability by such means as the trustees may from
time to time deternilne.
In setting objectives and plannlng for actlvhles, the Trnstees have glven due
consideration to general guldance published by the Charity Commission relating to
publlc benefft, including the guldance 'Public benefft: running a charity (P82}'.
Achlevements and pfffrnn¢e
a. Revlew of artivWes
Nepal's recovery from the global pandefftic caused by Covld-19 vlrus remains slow and it
is now considered that they have been one of the worst hit nations in the South East Asla
region, although accurate statistics are difficult to gatn.
Subsistence farniing remains at the heart of the countrfs e(Dnomic mechanism
however tourism, which provides the countys prinapal source of income. has been
decimated and remains slow to recover. Political unrest continue5 to undermine foreign
investment and the Nepali economy lalters as a resutt
sin￿ the formation of the Associalion in 21X)5. trustees and their supporter5 have raised
in excess of £795.(KKI to fund purchase of land and construction of DNC'S bullding and to
encompass other projects for similar organizations. Trustee5 remain in close
communication with the principal ￿CipIents of their fundin&
Page 2

NEPAU CHILDREWS TrUST ao
TRUSTEES, REPORT (COPMNUED)
FOR ThE YEAR ENDED 31 MARCH 2023
Most of the thildren at DNC returned to their villages durin8 lotkdolvn in 2020 and many
have chosen to remain there. DNC itself has rtrre8iStered as a rehabilitstion centre
rather than a child￿n,5 home, to reflect the current 8ovemment policy for thildren to be
n their own home5 with family or guardians where possible. DNC is hoping to
encourage short-stay orthopaedlc case referrdls from the thildreft'5 hospitsl at Banepa.
Along wlth funds for some overdue repairs and maintenance whl¢h were unable to
take place followin8 the earthquake due to pandemic restrictions and soarlng costs of
materials, we continue to provlde ONC with support for educatlon. healthcare, Indudlng
speclali5t therdpists and da*ttrday expenses for thtldren as requested.
Those vAth wmplex needs have been supported to attend the speclalist residential
school at the SERC centre. We have previously provided grants to SERC to assist with
thelr school and hostel. In addltion helping them wtth thelr project to Pro￿le
Sustsinable long-temi community.
Bulldlng wo￿$ to provide additional accommodation there and at the school are
complete and we have funded a slgnificant part of these improvements.
We continue to support the Ablllty Development Society of Nepal {ADSoN) In
conjunction with the Rose Intemational Fund for Children (TRIFCI to provide sponsorshlp
to older students to acce55 further education and voc*ional trainln8 once they have left
mainstream education.
During the parthmlc we establlshed a 'rellef fund, for those youn8 people stranded
away from thelr famlltes, with no means of supporL For the foreseeable future these
funds remain accessible to them via the ADSON office.
The trustees continue their support for the Autism Care Society of Nepal organization
with fundln8 for sUPPOrt workers and teaching Staff for a further period of three years.
This allows CAN freedom to develop their outreach service to assist teachers and families
in far-flung locatfon5 by providin8 face to face and virtual training resources.
b. Investment polky and perfmnce
Trustees are committed to ensurin8 that all funds under their control are managed in
such a way as to maximise retum whilst minimising risk Any cash not required for
operating expenses is placed on deposit at the most favourable rate available from
providers covered by the Finanual Services Compensalion Scheme.

NEPAU CHILDREWS TRusr cio
TRusfEES' REpoKr (coNnNUED)
FOR THE YEAR ENDED 31 MARCH 2023
Trustees are cofflmltted to ensurin8 that all funds under thelr cx>ntrol are managed In
such a way as to maxlmi5e return whilst minimising risk Any cash not required for
operatin8 expenses Is placed on deposit at the most favourable rate avallable from
provider5 covered by the Financial Services Compensatlon Scheme.
Flnanclal revlew
a. Goln8 c¢xKern
After maklng appropriate enquirles. the Trustee5 have a reasonable expectation that the
Trust has adequate resources to continue In operational existence for the foreseeable
future. For this reason, they continue to adopt the goin8 ¢oncem basis in preparin8 the
financial statements. Further detalls regarding the adopbon of the 80in8 qx>ncem basis
can be found in the accountin8 policies.
b. Reser¥es poll¢v
The trustees have a twofold reser¥es policy with £5,(XX) set aslde to meet UK based
operating costs with a further reserve of £55.(WX) as a contingency to meet emergency
fundlng. COVID has had a masslve impart in Nepal and we have received requests for
emergency funds to help ex-students to cover bask items such a5 rent and food. COVID
has also affected the ability of the charity to ralse charltable funds from events, on the
scale that had been athieved pre-COVID times.
G Flnandal revlew
Total income for the year £35,443. Totsl expenditure for the year was £42,952. A net
deficit of £7,509 was recorded.
Structure* governance and mana8anent
Nepali Children's Trust CIO is a re8iStered charity. number 1181316, and is constituted
under a Charity Incorporated Organi5ation Constitution.
Page 4

NEPAU CHILDREWSTrUST ao
TRilSfEES' REPORT (copinNUED)
FOR THE YEAR ENDED 31 MARCII 2023
The management of the Trust is the re41onsibility of the Trustees who a￿ elected and
cfropted under the term5 of the Charity Incorporated Organisalion Constitution.
New trustees are appointed followlng a rfgorous assessment process subject to
confirmation by the membÈrshlp at the Annual General Meetin&
srATEMEKf OF TRusfEEg RESPONSIBIUTIES
The Trustees are responsible for p￿parIn8 the Trustee￿ Report and the financial
statements in accordance with applicable law and United Kingdom Accountin8 Standards
(United Kingdom Generally Accepted Accountin8 Practice).
The law applicable to charlties In England & Wales requires the Trustees to prepare
financial statements for eath financial year whith give a true and fair view of the state of
affalrs of the Trust and of its incoming resources and application of resources, Including
its income and expendlture, for that period. In preparin8 these financial ststements. the
Trustees are rquired to:
Select sultable accountlng polldes and then applythem conslstently;
Observe the methods and prlnciple5 of the Charities SORP (FRS 1021;
Make judgments and accounting estimates that are reasonable and prudent;
State whether applicable UK Accounting Stsndards (FRS 102) have been
followed,
subject to any materlal departu￿ disclosed and explalned In the financlal
statements;
prepare the financial ststements on the going concern basls unless It Is
Inappropriate to presume that the Trust will continue in business.
The Trustees are responsible for keepin8 adequate accounling records that are sufficient to
show and explain the Trust's transactions and disdose with reasonable accuracy at any time
the financial position of the Trust and enable them to ensure that the financlal statements
comply ￿th the Charities Act 2011, the Charities Act 2011. the Charity (Accounts and
Reports) Regulations and the provlslons of the Trust deed. They are also responsible
for 5afeguardingthe assets of the Trust and hen￿ for taklng reasonable steps for the
prevention and detection of fraud and other irre8ularities.
Page 5

and wed on thelr behalf Irr.
Mrssj
Truthe / Cha

NEPAU CHILDREKS TRusr cio
INDEPENDENT EXAMINEn REPORr
FOR THE YEAR ENDED 31 MARCH 21Y23
INDEPENDENT ExAMINE￿s REPORTTO THE IRU5TEES OF NEPAU CXIU)REKS TrUST ao
(Ihe Trusf)
I report to the chaiity Tfustees on nry examlnalion of the acrounts of the Trust for the year
ended 31 March 2023.
RESPONSIBiunES AND BASIS OF REPORT
As the Trustees of the Trust you are responsible for the preparation of the accounts In
accordance with the requirements of the Charities Act 2011 ("the 2011 Act"}.
I report in respect of ty examination of the Trust'5 accounts carrled out under section 145
of the 2011 Act and in carrying out my examination I have followed the appllcable Dlrections
given by the Charlty Commisslon under Section 145(5){bl of the 2011 Act.
INDEPENDENT EXAMINEfS sfATEMEPIT
Your attention Is drawn to the fact that the Trust has prepared the accourts in accordance
wlth Accoun￿ng and Reporting by Charities: Statement of Recommended Prdctice applicable
to charities preparin8 their accounts In accordance with the Flnancial Reporting Standard
appllcable tn the UK and Republlc of Ireland (FRS 102} in preference to the Accounting and
Reportin8 by Charities: Statement of Recommended Prartice issued on l April 2(M)5 which is
referred to in the extant re8ulations but has been withdrawn.
l understand that this has been done In order for the accounts to provlde a true and falr
view in accordance wlth the Generalfy Accepted Accounting Practice effeciive for reporting
periods be8inning on or after l January 2015.
I have completed my ￿MInatiOn. I confirm that no matters have come to my attention In
connection with the examination givin8 me cause to believe that in any material respect:
l. ac￿unting records not kept in respert of the Trust as required by section 130
of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerningthe form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2LI)8 other than any requirement that the accounts g￿e a 'trve and fairf view whith
Is not a matter considered as part of an independent examination.
Page 7

understandin8 of the accounts to be readm
Thls report is n4de 501etyto the T￿￿$TrUst￿ as a body. In Xc0rd￿ wilh Part 4 ofthe
ml8ht state to the Trust's Trustees those mkn l am required to s&ite to them In an
Independent Examinees Repwt and fi)r no other purpose. To the fullest extent permitted bv
Iw I do not attept or assume respon￿bthty to arfyyme tsth￿ than the Tntst and the Trust's
Trustees as a W. hr nw work or for thts reyL
CV23 OHS

NEPAU CHILDREWS Trusr ao
NufES TOTHE FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31 MARCH 2023
L GENERAL INFORM
Nepali Children's Trust ao is a charity re￿stered in En*nd and Wale& The charity
number is 1181316 and address of the re8iStered office Is Rovfdn, Ropers Lane,
Wrin8ton BS40 5NQ
I ACCOUNllNG pouaES
2.1 BASIS OF PREPARATION OF FIIIANaAL STATEMEpirs
The flnanclal statements have been prepared inn accordance with the Charitie5 SORP
{FRS 102)-Accountin8 and Reporting by Charities: Statement of Recommended
Practice appllcable to charities preparing their accounts in accordan￿ ￿th the
Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 1021
(effective l January 2019), the Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (FRS 1021 and the Charities Act 2011.
The financlal statements have been prepared to 81¥* a 'true and fair, view and have
departed from the Charlties (Accounts and Reports) Re8ulations 21x18 onty to the
extent required to provide a 'true and fairf view. Thls departure has involved
followln8 the Charities SORP (FRS 102) published on 16 July 2014 rather than the
Accounting and Reportin8 by Charities: Ststement of Recommended Pracilce
effective from l April 2(K15 which has slnce been withdrawn.
Nepali Chlldren's Trust CIO meets the definltion of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction
value unless Otherwlse sLtted in the relevant accounting pollcy.
2.Z GOING CONCERN
Although there are net current assets of £81,827 at the Balan￿ Sheet date the
Trustees have carefully considered the COVID-19 events and has with these in mind
considered the abillty to contsnue as a good concern and believes this to be the
approprlate basis on whlch to prepare the accourtts
2.3 INCOME
All income is reco8nised once the Trust has entitlement to the irbcome. it is probable
that the income will be received and the amount of income receivable can be
measured reliably.

NEPAU CHIUXIEwsTrusr ao
NafES TO THE FIIIANCIAL sfATEMENTS ICOIITIHUED)
FOR THE YEAR ENDED 31 MARCH 2023
The retognttson of income from legacies is dependent on estsblishing entitlement,
the probability of receipt and the abilty to estimate with sufficient accuracy the
amount receivable. Eviden￿ of entitlement to a legacy exists when the Trust has
sufficient evidence that a pft has been left to them (throu8h 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 clalms In the estste.
Receipts of a legacy must be recognised when It Is probable that it will be received
and the fair value of the amount re￿1Vable, whlch will generdlly be the expected
cash afnount to be distrlbuted to the Trus¢ can be rellabty measured.
2.4 EXPENDtniRE
Expenditure Is recognbed On￿ there Is a legal or ￿nStrUCtive obll8ation 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
rellably. Expenditure 15 dassified by activity. The costs of each activity are made up of
the totsl of dlrect costs and shared costs, includin8 SUPPOrt costs involved in
undertakin8 each activity. Direct costs attributable to a sln8le activity are allocated
dIreCt￿ to that activity. Shared costs which contribute to more than one activity and
support costs which are n(rt attributable to a sin8le activity are apportioned between
those actyvities on a basis consistent with the use of resources. Central staff costs are
allocated on the basis of time spent. and depreclation charges allocated on the
portion of the asset's use.
Expendlture on charltable aclivilies Is Incurred on directly undertaking the activities
which further the Trust's objectives, as well a5 any as%)clated support costs.
2.5 DEBTOAS
Trade and other debtors are recognised at the settlement amount after any trade
discount offered. Prepayments are valued at the arnount prepald net of any trade
dlscounts due.
2.6 CASH AT BANK IN HAND
Cash at bank and in hand indudes cash and sh(xt-terni highly liquid imiestments with
a short maturity of three mnth5 or less from the date of acquisition or opening of
the deposlt or similar aca)unt.
eio

NEPAU CHILDREN'STRusr ao
NOTES TO THE HNANaAL 5fATEMElIt51coiillNUED)
FOR THE YEAR ENDED 31 MARCH 2023
2.7 LIABILMES AND PROVISIONS
Llabllities are recogntsed when there Is an oblwion at 8aLin¢e Sheet date as a
result of a past event. it is probable that a trnnsfer of economic benefft will be
required in settlement, and amount of the settlement can be estfmatsd reliablv.
Liabilities are recognlsed at the arnount that the Trust antlclpates It wlll ply to settle
the obliqation. Where the effect of the time value of money Is material, he provlsion
is based on the present value of those amunts, discounted at the pre-tax discount
rate that refiects the ftsks speclfft to the Ilability. The unwlndirq of the dtscount Is
reco8nlsed In the Statsment of Flnancial Activltles as a finance cost.
IA FiNANaAL INsfRUMEpirs
The Tru¥( only has financial a55ets and financlal liabilitles of a kind that qualify as
basic finan¢lal instruments. Bask financial Instruments are inttlally recognlsed at
transartion value and subsequently measured at their settlement value with the
exception of bank loans which are subsequentty measured at amortised ¢ost uslng
the effectlve interest rnethod.
19 FUND AccoupinNG
General fvnds are unrestrlcted funds whlch are avallable for use at the discretion of
the Trustees In furtherance of the 8eneral objectlves of the Trust and whkh have not
been d•slgnated for othr purposes.
Pyii

STATEMEPIT OF FIIIAIKJALAcnvrrEs
FOR THE YEAR ENIKD 31 l•lARCH 2023
Tat41 Funds Totalfunds
Donatlons and leRacles
Charltsble artlvles
42952
42952
346
42952
42952
34618
.7509
4552
Total funds brought foThArd
Net movement In fund5
89336
89336
95888
-6552
81827
81827
89336
The Statement of Flnandal Actlvlts Indudes and losses recw)Ised In the ￿ar.
The notes on pw 9 to 11 f(Ym part oftt*e finanthl stateM￿ts
PAGE 12

C•sh at hMMI
77i
Unre5trtrted
Jf27
Mrssj Da¥k¥

Total Unrestrlrted
funds
funds
2023
2022
funds
35443
tpport
Totsl
rKb
Total
fund5
2022
undertaken
dwectjy
2023
funding of
2023
2023
2074
4810
42952
34618
3206
37765
5. IIIDEPEIIDEiifEXAW4EWS REMIIIIERATKXI
2023
2022
examln•tion ofthe Trust's annual accounts
li
Durin8 the year, no Trustee5 received any remuneratlon orother beneffts12022-£NIL).
Durln8 the pwlod ended 31 M*th 2023. ￿ Trustee exp￿ We￿ r￿urredI2022￿NlLI.
PAGE 14

NEPAU CHIU)RENS TRiisr ao
NOTES TOTHE FINANCIAL sfATEMENTS
2022
IXIE IMThIN ONE YEAR
Other debtors
Prepayments and acuued incorne
4135
455
4590
613
46
CREDITORS: AMOiIN75 FAWIIG I>UE wrrHlhl ONE YEAR
2022
Accruals and deferred hKome
iio)
PAGE 15