NEPAU CHILDREN'S Thusr cio UNAUDrtED TRusfEES' REpoirrAND FINANCIAL sfATEMEN15 FOR THE YEAR ENDED 31 MARCH 2024 NEPAU CHILDRENS TRUST ao Truste￿ Report 13.4.5&6 Independent 7&8 St•t•m•rt ol FIMnfJ•l AcllvlUe8 9.10.11&12 Balance Sheet Notes to th• RmThd￿ StknnertS 14&15 NEPAU CHIiDRWSTRusrco FOR THE YEAR ENDED 31 MARCH 2024 S J Dav1* Clbalr m$D￿TrY MrJA Yo Mr G James Dr J Har¥ey Mrj Wyld Mrn M Cooper Mrs M Thomas Ms C Wlkox Charlty rq*ered number 1181316 prtn*ai offi Ropers Lane BS40 5NQ HSBC Bank PIC 8 Canada Square E14 5HQ NEPAU CHIUJREWSTrUSTao FOR THE YEAR ENDED 31 MAft(112024 The T￿￿eS present thelr annual report t¢)gether wlth the financlal statsments of the Nepali Chi1dren'5 Tnjst ao forthe l April 2023 to 31 March 2024. The Nepali ChildrerfsTrust Assocknon (Ihe ASs￿l￿n") was fomwd in 2(K15. In Docember 2018 the Nepall Chlldren's Tntst ao ("the Trusf) was fomied tr• be the successor body to the Associatlon and effective from the 31 Marth 2019 the whole buslne4 undertaking and assets of the Ass(Kiation V￿re tsansfefred to the TNst when the Association ceased to carry on business. For all purposes the Trust has been the s￿cesS0r charity ts the association as from 31 Ma￿h 2019. OblecU¥es and acuvltles a. Pomdes and objec The principal object of the Trust is forthe rellef of poverty. hardship and dlstress and the advancemert of education arno￿ children and YOU￿ people lft Nepal. In particular. but not exclusively, such persons with a dtsability by such Means as the trustees frorn time to time determine. In Settl￿ objectives and planni￿ for actfviii•4 the Trustees have given due consideRtion to Beneral guidarKe published by the Charlty Commission TrIati￿ to publlc benefft, irKludire guidance ?ublic ber*fft: runniry a charity {P82Y. a. Thb yearfs xovlues The wlndlng down of tt* Charity has occupied us cortinuousjy sirts the dectslon Wds made In January 2024 arKI we are workirE hard to ensure that the process ts as srnooth and well corftmunicated to our benefidaries as possiblè. We have requested that ori4nisations currentty recei¥iv* funds serKI us applications to contlnue aid unlil end of the financial year in March 2025. A Trustee vlsit to Nepal In October wlll seek to confirni our ben•ffti•ri•< nwls arKI to ascertaln whether any of our students ￿ IrHlividua15 wlll need longert•mi fund1￿ for example for their de8ree. postgraduate st￿lieS or further vocatlonal pro8rdrns. TrusrEEY REPORT IcoNllNUED) FOR THE YEAR ENDED 31 MARCX 2024 aC(￿U￿tafter December 202Q A separnte b¥* aC(X￿ntWIll wlth In the Intertm perfod bet*Yen then ￿dthe1th￿ dosure date. healthcare costslor dI&￿Ied thlklren In Nepal. Tn￿l￿e5 rynaln In thsecommunthon *ith the prSn(ipal ￿Elplents of thelr fundi DNC Is n¢￿ rtrreElstered as a fEhabH1lall￿ cerrtTe Rtherthan a (hildren's reslkntsl care The Centre is Inc￿S1r￿the number dshort-s*￿1￿pIe&r ose referralsfrun the thildrerfs tw￿141 Repair ar￿ rnalntenance tothe buildi￿ 6$ now complete and we continue to pro¥lde support for Those disabled thildren wfth complex need5 hrn been supported to attend the specialist resldentlal sthool atthe SERC centre. We wovlded grdnts to SERCtoa$51st wlth thelr sthool and hostel. In addltion helpl1* them with thelr wojertto provide a su51ainable l(*¥.terni commurdty. iolentand toTTen￿al Mon500n ralns most recently <3used destrnrfl¢￿ and death from land￿{deS thnwghout the KathrnarKlu ￿lIev, and It appew5 that extensi* damage has ocujrred at SERC sthool at Chapagaun. Rebulkh￿ and repair wths TMII need to be undertaken. tt is not dear at We ha￿ C￿ti￿edt0 suppwtthe Abnity (ye￿ $￿iety•f Nep31 IADSON) In (onjunclion wlth the Rose Internal1rrfk￿ Fund for Chlldren (fRIFCI to yo￿de Sp￿rshIpt0 older strdents to access furthereth¢xtl¢)ft and %vcaOrffial tralnlry oncetly left mainstream ethcatlon. Theve Is an estsbllshed Wief Fund for th¢Jsewxry people w from theirfamilt4wlth no means of supporL These funds remain acrtsSIb￿ to them vta the ADSON office. Untll Marth 2025 the trustee5 will also contlme their supportforthe Autlsm ca￿ Soctety of Nepal organisation with funding for SUPlMWt workers and tead￿￿ staff and to the ¥nat InJur5es Rehabllllalion witre for the5r thlld patlents. NBIAU CHILDREIYSTrUSrcio TRusfEEY REPORT(CONnrwED) FOR THEYEAR ENDED 31 MARIJI 2024 An)nd￿ rnl Total Income forthe yearwas £34.843. Tatsl expendlture for the Year￿45 £39,144. A net deficit of £4301was recorded. Ilepall Chlldlen's Trust CIO b a retsered charlty, number 1181316, and Is con5thuted under a Charfty Incorporated Organtsathn Constltutlon. Mathots of appoknent or de¢tlon ofTn The manaeement of the Trust is the responslblllty ofthe Trustees who are elected and cwted underthe tenns of the Chaiity Incorporated Or8anlsailcKt Conslkntso New trustees are appolnted fijllowing a r*orous assessment pmce55 subject confinnalion by the membershlp atthe Annual Generdl Meetir STATEMENT OF TRUSTEEY RESPOMSIBILmE5 TheTnstees are rasponslble for prepafln8the Truste￿ Reix*t and the thandal statements lffl a¢¢ordance wlth applluble law and Unlted Kthgdom St¥￿ards Iunlted ￿ngdoM Generally Attepted Accounling Pradice). The law appllcablq to thafldes In England & Wales Tequlre5 the Tntstees to prepare financlal statements for each financlal year whkh Gwe a true and falr vlew of the state of affalrs ofthe Trust and of Its Incomina resources and appllcatlon of resources. Indudlng its income and exPendI￿r< for that perlod. In preparin8 these finandal statements, the Sele<( sultsble accountlng polldes and then apply them conslstently: Observe the method5 and prlnciples of the Charities SORP {FPS 1021; Make]ud8ments and arrnuntfng estimates that are reasonable and prudent: State whether applkable UK AccountlnB Stsndards {FRS 102) have been followed, PAGE 5 NEPALI CHILDREN'STRusr ao TRUSTEEY IIEPORT (coiillNUED) FOR THE YEAR ENDED 31 MAR(H 2024 subjert to any mat•rlal departures dtsclos•d ard expl•lMd in the finan¢l41 ststements; • prepare tha financial statements on the golng con￿rn basls unless It Is Inapproprlate to pr•sume that the Trust wlll contlnue In bu51ness. The Trustees ar? r•sponslble for kMpln8 adequate a¢countln8 records that arn sufficlent to show and explaln Tnjsvs t￿r￿ctionS and dlsclose wlth reasonable accurn¢y at any tlme the financial posftlon of the Trn￿t and enable them to ensure that the financial statem•nts comply wlth the Charltles Act 2011, the Charltl•s Act 2011, the Charlty (Accounts and Reports) R•gulatlons 2008 and the provlslons of the Trust d•ed. Th•y ar• also rnsponslbl• for safeguardlng the assets of th• Trust and henc• for tsklw reasonabl• steps for t pr•v•ntSon and d•tecllon of fraud and oth•r ifwul•rltles. Approv•d by order of the memlxrs of the board of Tru5te•s on and slgned on th•lr b•half bv: Mrs S J Davles Trustee I Chalr NEPAU (HILDREWS TRusr ao INDEPENDEiif EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDErir EXAMINEWS REPORT TO THE TRUSTEES OF NEPAU CHILDREN'sThusr cio 1.the Tru￿) I report to th• charity Tn￿ on my examlnatlon of the accounts ofthe Trustfor ttrke year ended 31 Marth 2024. RESPONSIBILMESAND BASIS OF REpoirr As the Trustees of the Trust you are responslble forthe preparntion of the accounts In accordance with the requlrements of the Charities Act 20111.the 2011 ACV). I report In respect of my examlnatlon of the T￿￿t'S accounts carrled out under sectlon 145 of the 2011 Act arKI In carrying out my examlnation I have followed the applicable Directions gfven by the Charity Commtsslon under sectlon 14515)Ib) of the 2011 Act. INDEPENDENT EXAMINE*S sfATEMENr Your attention is drawn to the fact that the Trust has prepared the accounts In accordance wlth Account1￿ and Report[￿ by Charttles: Ststement of Recommended pTr¢t1￿ applicable to charftles preparlng thelr accounts In accordance wtth the Financlal Reportlng 5tsndaTd ppllcable In the UK and Republlc of Ireland (FRS 102) in preference to the Ac¢ountin8 and ReportSnB by Charltles: Ststement of Re¢omrnended Prnctice issued on l Aprll 2005 whi¢h is referred to In the extant regulations but has been withdrdwn. l undersland that this has been done In order for the accounts to provlde a true and Fair view in accordance wfth the Gemrally Accepted Accountlng Prdcttce effectlve for reportlng perfods beginnlng on or after l January 2015. I have completed my examirtation. I confirni that no matters have come to my attentlon In connectlon wlth the examination giving me cause to believ• that in any n￿terial respect: l. accounting records wefe not kept in respect of the Trust as requlred by section 130 of the 2011 Act. or 2. the accounts do not ac¢ord wtth those records: or 3. the a¢¢ounts do not Comply wlth the appllcable requlrements concernlnu the fom) and ￿nt of accounts set out In the Charltles (Accounts and Reports) Reeulat6ons 2008 other than any requlrernent that the accounts give a ttrue and falrf vlew whl¢h is not a matter consldered as part of an independent examlnatlon. PaBe 7 (HIUMEN'S TrU5T C INDEpD1D￿ EXA4ffNERS AEPORT ICONT114UEDI FOA THEYEAR ENDED 31 MARCH 2024 I no eonc•ms •nd eornè •cros5 no oth•r m•tt•ra In conn•ction wlth the •y*rnir4tton tr• whleh attentlon should b• drnwn In Ihls report In order to •Mble • prop•r und•M¥ndiry olthq to b• rnachod. ThLs report Is m•d• solely to th• Thjsvs Trusta•s. as • body, In a¢tordaftc• wjth P•rt 4 of th• ¢Jwrftlè$ (Accounts and Reports) Rel￿￿0n% 200& My has b••n Und•rtaI￿ so that I m*ht stst• ts thè Tntsvs Trust••s thom matt•r4 l am rnqulrnd ta stat• to th•m In an Independent Ex•mln•rfs R•port and lor no oth•r pwp(M. To th f￿1•$1 •xt•nt prniltted by I do not a¢c•pt or aMum• rnspomlblllty to ath•r than th• Trurt •nd the Tnjstrs Tntst••s as a body• for ry ¥nrk orfw thts f•WL io CV23 OHS NEPAU CHIWREN'sTrusrao NOTESTOTHE FINANQAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 L GENEIIAL INFORMATION Nepall Chlldren's Tn￿t ao ts a charfty reglstered In England and Wal•& Th• charlty nurnber ts 1181316 and address of the reolstered office is Rovrdn. Ropers Lane. Wrfn8ton BS40 5NQ 2. ACCOUNTING POLia£s 2.18ASIS OF PREPARATION OF FINANaAL STATEMEIITS The fininclal stat•m•nts have been prnpar•d In accordanc• wtth th• Charltl•s SORP IFRS 1021- Accountlng and Reportlni by Charftles: Statsment of Recommended Prnctlce appllcable to charltl95 preparlng thelr accounts In accordance wlth th• Flnanclal Reportlry Stsndard appllcable In the UK and Republlc of Ireland IFRS 1021 {•ff•ctlv• l January 2019). th• Fln•nclol R•portln£ Standard appllcable In th• UK and R•publk of Ir•l•nd IFRS 102) and th• Charltles Act 2011. The ftnanclal staternents have been prepared to glve a 'true arKI fale vlew and hw• departed from the Charttles (Accounts and Reports) Regulations 2008 only to the •xt•nt r•quir•d to provid• • 'tru• and f•lrf vi•w. This d•p•rtur• Involv•d followln8 th• Charltl•s SORP (FRS 1021 publlsh•d on 16 Juty 2014 rnther than th• Accountlng and Reportln8 by Charltles: Statement of Recomrnend•d Prnctfc• •ff¥the from l Aprll 200S whlch has slnce ￿en wlthdrnwn. Nepall Chlldren's Trust ao meets the definftlon of a publlc benefft entlty under FRS 102. Assets and Ilabllltles are Inltlalty recognlsed at hlthrlcal cost ortrnnsactlon value unless otherwlse slated In th• r•l•v•nt ac¢ountlng polky. 2.2 GOING CONCERN Although thern are net currnnt assets of £77,526 at the Balance Sheet data the Trustees have carefulty consldered the COVID-19 events and has wlth these In mlnd consldered the ability to continue as a good concern and b•lieves this to be th• appropriate basis on which to prepare the a¢¢¢unts 2.3 INCOME All Incorne is recognised once the Trust has entitlement to the Income, tt Is probable that the income will be rgcelved and the arnount of income recefvable can be measured rellably. FOR THE YEAR ENDED 31 MARCH 2024 The recognition of fficome from le8acles Is dependent on establlshln8 entitlemert the probability of rffeipt and the abllity to estirnate wtth sufficlent accurncy the amount receirdble. Evldenee of entitlement to a exists when the Trust ha$ sufftdent evldeno that a glft has been left to them {thrO￿h knowled8e of the existence of a valld ￿11 arKI the death of the benefactor) arxl the eyxirtor is 5atithed that the property in question wlll not be required to satisfy clalms in the estate. Receipts of a lerdcy must be recognised when It is probable that it wlll be received and the fairvalue of the amount receI￿dbl•. which will genernlly be the expectsd cash amount to be dlstributed to the Trust. can be rnllably nXaSUr￿. Expenditure ts rec(wiised once ther? is a legal or Constr￿ oblyation to transter economic benefft to a thlnl party, It is probable that a trnrsferof economic benefits will be requlred In settlement and the arnount of the obNpdon un be measured reliably. Expendlture Is classified by acttvity. The costs of each actlvity are made up of the tolal of direct costs and shared oms. including support co#s IrNoW in undertakin8 eath activity. Direct Costs attributsble to a single athty are allocated dlrertfy to that activity. Shared costs which contribute to n￿re than one activity ar support costs which are not attrlbutrble to a slbwle acdvity are apportlofted between those activities on a basis conslstent wlth the use of resources. Centrdl stsff eosts are allocated on the basis of Ilme spent, ar￿ depreclatlon dwr8es allocated on the portlon of the a55eVs use. Expenditure on tharItab￿ activtdes is incurred on dirertly Undertak{￿ the artivities which further the Trust's obiectfve5, as well as ary associated sUPPOrt costs. 2S DEBTORS Trdde and other debtQT5 are reco8ni5ed at the settlement amount aforany trade discount offered. Prepayments are valued at the amount prepaid ft•t of any trdde discounts due. 2.6 CASH AT BANK111 HAND Cash at bank artd In hand includes ¢ash and short-tsm) highly liquid investments wlth a short maturity of three months or less from th• dats of acquisit￿n or openlng of the deposit or slmi1ar account. io NÉPAU CHILDREN'STrUST ao NOTESTOTHE FINANCJAL sfATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 17 LIABILMES AND PROVISIONS Llabllltles are reco8nlsed when ther•15 an obllgatlon at the Balance Sheet date as a result of a past event, ft Is probable that a transfer of economk benefft wlll be r•qulr•d In settlement, and the amount of the settlement be estlmated rellably. Llabllltles are recoonlsed at the amount that the Trust antlclpates It wlll pay to settle the obllrdtlon. Wher• the •ff•ct of the tlme value of rnoney Is materlal. he pnjvlslon 15 based on the present value of those •mounts, dlscounted at the pr•-tsx discount r•ts that rnfl•cts the rfsks speclfic to th• Ilablllty. The unwlndlnB of the dls¢ount ts r•cognls•d In the Stat•ment of FINncthl Actlvltles as a finance cost. ZA FINANaAL INsfRUMENTS Th• only has flnanclal assets •nd flnJn¢l•l Ilabllltles ot a klnd that qu•llfy as bas1¢ financlal Instrurnents. Baslc financlal Instruments are Inltlally rewnls•d •t transactlon value and subsequently rneasur•d at thelr settlornent valu• wlth the exceptlon of bank lo•ns whlch are subsequently m•a$ur•d •t 4rnortls•d cost uslng th• •ffortlv• Internst method. 2.9 FUND AccouKllNG Genèrnl fvnds are unrestrlcted funds whleh are willable for use at the dlscretlen of the Truste•s In furtherdnce of the 8enernl objectlves of the Trust and whl¢h trthve not been deslgnited for other purposes. Page 11 P4EPAU CHILDREP157RUST ao FOR THEYEAR END￿ 31 MARCH 2024 UnreStrIct￿ Totsl Funds Tot•1 fvnds Not• Donatlons and le8•d¢s 35443 Tothl In¢om• 34843 34843 35443 exp•ndltuv• on: Charltable artMe$ -39144 -39144 42952 Tot41 •xp•ndlthr• -39144 -39144 429S2 Nrt mov•m•nt In fun 4301 4301 .7509 R•C4m￿lIallofft of funds Total fwd5 IKou8ht forwwd Net movement Sn fvnds 81827 81827 4301 89336 -7509 Totslfvndsc4ffledfryw•rd 77526 77526 81827 The Statement of Flnandal Actl¥ttles Indudes all 8alns and losses reco8nlsed In theyear. The notes on pa8e9 to 11 fomi yrt ofthtte flnan¢J•l statements PAGE 12 ASAT 31 MARCH 2024 2024 2023 Debtors Cash at bank and kn hand 46 77814 82427 74126 78126 Credltors: anmwnts falllry wkhln 77526 81827 77526 81827 77526 81827 Tot*1 n•t *sMts 77526 81827 Ch¥rtty lunds Restrlcled funds Lknreslrfcted lunds T1526 81827 Totsl fvftds 77526 81827 The Ilnancbal st*t*n*nts •ppro%*d and authww for15we bythe Trustees tyb and s*ned on thelr beh•H ty: Mrssj 0￿¢5 The noles on pa8es 9 to 11 forni p*t of thes• stat•nnnt PAGE 13 7qi•l f¥ FOR THEYEAR ENIIED 31 MARCH 2024 2023 I)UEwmllN ONEYEAR her debtors Pfepayments and a¢au￿ Income 613 4613 2023 Acttua15 and deferred Income PAGE 15