NEPAU CHILDREN'sTrusr ao UNAUDrrED TRusfEES' REPORT AND FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NEPAU CHILDAEP¥5TRusr ao 13.4&5 6&7 &9,10&11 Balance Sheet 12 13&14 NEPAU (>IILDREI*S TRiN CO REFERENCE AND ADMINISTRATM DEfAILS OFThE TRU5r. Irs TRU5fEES AND ADVISERS FOR TrIE YEAR ENDED 31 MARal 2025 Mrssj Ch Ms D Bwryan Dr J Har¥ Mrjw C ￿koX Charlty ve8lsternd number 1181316 Prfndpal office Wrflwn BS40 5NQ B•nkers HSBC Bank Mc 8 Canada Square E14 51KI NEPAU CHIU)REWSTRUST ao TRusfEES' ftE1￿RT FOR THE YEAR ENDED 31 MAROI 2025 The Trustee5 present thelr annual report tO8ether with the fThncial ststements of the Nepali Children's Trust ao for the l April 2024 to 31 Marth 2025. The Nepall Chiklren's Trust Assodatlon Ilhe Assoclatton") wa5 fomied In 2(KJS. In December 2018 the Nepall Chlldren's Trust ao 1.the Tfust") was fornied to be the successor body to the As5(K13tion and effective from the 31 Marth 2019 the whole buslne5s, undertaking and assets of the A5s0aation were trnnsferred to the Tn￿ when the Assodatlon ceased to carry on business. For all purposes the Tn￿ has been the gKcessor chartty to the associatton as from 31 March 2019. •. Polldes and objecdws The princlpal object of the Tn￿15 for the relief of polwty, hardshlp and dlstress and the advancement of educatlon amon8 chlldren and w>ung people in Nepal, in partlcular, but not exclusNely. such petr￿nS wlth a dlsablllty by such means as the trustees may from tlme to tlme determine. In settiD8 objectives and planning for actfvltles, the Trustees hw4e 8lven due Considerntion to 8eneral 8uidan¢e publlshed by the Charlty Comrnisslon ￿latIng to public benefft, Indudlng the guldance fvblk benefit runnlfi8 a chartty (PB21'. . Thls y•Jrfs actl¥ltles Since the resolurlon at lastAGM to wlnd up Nepall ChlkI￿n.$TrV5t ￿d$ uMn1mo￿lY passed. all efft)rts have been dlrected towards the (kisu￿ of our operath)r Donors have been rK>tlfted and asked to cease their ryular payTh￿t* Benefidarles ha¥e been Infomied and In Ilne with the Nepali S(Kial Welfare Coundl requ5￿Ments, ftn•l d[￿￿tIOnS have been made. Dlsbur5ements of any resklual fuThJs been dlvlded equally betww the or8anis*lons we haN supported. Ability 0￿￿nent Soc*ty of Nepal, NevArfe Certre, Special Educ3tkJn Rehabilitrtion Centre. Care Nepal Soddy arnl Spinal Injuries Rehabilitstion Cent The Treasurerartd finaKeteam cknsed the ￿knnt Bank Accourts and will Infom the Charities Commlssion. A final farevRII new51eiier round1￿ ￿0￿r 20years of5UCtess has been cIr￿lated to all suprmyte NEPAU CHILDREKSTRisr ao TRU5TEEY REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees are commltted to ensuring that all funds under thelr control are managed In such a VRY as to maximlse return whilst minlmising rlsk. Any cash not required for operatin8 expenses is placed on deposit at the most fa￿urable rate ffillable from providers cowed by the Finandal Sef¥kes Compensation Scheme. Trustees are commltted to engJrln8that all funds under thelr control are managed In suth a VAV as to maxlmlse return whllst mlnimlsing risk. Any cash not requlred for operating expenses Is placed on deposit at the most favouTrble rate Xdilable from provldews covered by the Flnancial Service5 Compensation Stheme. nandal r•¥1 After makln8 approprfate enqulries, the Trustees have a reasonable expectatlon that the Trust has adequate resources to continue in operational existence for the foreseeable future. For thls reason, they continue to adopt the goin8 concern basls In preparlng the financlal ststements. Further detslls ￿Ba￿dIn8 the adoptlon of the going concern basls can be found In the accounting ￿1￿le* Reservu poll Following adoption, on 14 November 2024. of the Special Resolution to dl&rfbute all surplus fvnds in the charity. the need for a ReseNes polky will cease. NEPAU CHILDREPfS TR￿ ao TRusfEW REPORT (COPrnNUED) FOR THE YEAR ENDED 31 MARCH 2025 L Flnandal revl Totsl incorne for the year Wd5 £25,985. Totsl expendlture includln8 grants to beneficlaries in Nepal of £9L463. for the year was £103,511. A net defidt of £77,526 was recorded. Nepall Chlldren's Trust ao Is a reOstered chaTIty, number 1181316, and Is constltuted under a Charity Incorporated Or8anisation Conslituts"on. The management of the Tnrt ts the respon51blllty of the Trustees who are elected and cNpted under the term5 of the Charlty Incorporated {￿a￿lSatiOn Constltutlon. New trustees are appolnted followlng a rf8orous assessrnent process subject to confirmation by the member5hlp at the Annual General Meetbn8. The Trustee5 are responsible for P￿parfn8 the Trustee< Report and the financlal ststements in accordance with applicable law and United KlnDlom Accounting Stsndards (United Kingdom Generally Accepted Acrounllng Prarticel. The law appllcable to tharliies In England & Wales requlres the Trustees to prepare financlal sLitements ftK each finanaal year Tftknich glve a and tsir view of the stste of affalrs of the Twst and of its inc(Mnln8 resour￿ and appllc*ion of resources, includln8 Its income and expend5ture. ay that perlod. In preparln8 these finandal statements, the Trustees are required to: Select suitable accounting policles and then apply them conslstently" Observe the meth(Kls and prinoples of the thafibes SORP {FftS 102); Make judgrnents and accounitng eAimates that are reasonable and prudent; State whether applicable UK Accounting Standards (FRS 102) have been fdlowed, FOA ThE YEAR ENDED 31 MAIIL>I 2025 sublect to any Mats1￿ dep￿tU￿ dlsdosed and ejplalned ITr the flnandal siatements; prepare the finandai the &)in8(¢ncem ba45 unless it ts inapproprfate to prewme th•ttheTntst ¥AII o)ntr)ue In busine TheTru5tees are ￿SIble lor keeping adeTh" and $18ned on thelr behal by. Mrs S J Davles T￿￿ee I Chalr NEPAU CHILDREWS TrUST ao INDEPENDErir EXAMINEWS REPORT FOR ThE YEAR ENDED 31 ￿RCH 21125 INDEPENOEfiT EXAMINEIVS REPOIITTOTHE TRIrn OF NEPAU CWLDRENS TrUST ao {￿he Tntsvj I report to the charlty Trustees on my exarninatk￿ of the accounts of the Trust for the year ended 31 Marth 2025. As the Trustees of the Tn￿ you I￿ respon4ble for the prepafatkm of the accounts In accordance wlth the requlrements of the Charltles Att 20111.the 2011 Act"). I report in respert of my examlnalion of the Trust's accounts cafrled out under section 145 of the 2011 Act and In carrying out my oxamlnation I ha¥e followed the applicable Direciions 8iven by the Charity Commission under section 14515}Ib) of the 2011 ACL INDEPENDErif EXAMINEWS sfATEMEiir Your attentlon ts drawn to the fact that the Tntst ha5 prepared the accounts In ac(ordance with Accountin8 and Reporting by Charttl￿ Ststement of Recommended Pradice applicable to Charl￿eS prepaflng thelr accounts In accordance wlth the Financial Reporting Standard applicable In the UK and RepublK of Ireland IFRS 1021 in preference to the Accounting and Reportin8 by Charlties: Statement of Recommended Practice Issued on l Aprfl 2005 whlch Is referred to In the extant regulatlons but has been wlthdrawn. l understsnd that thls has been done In order for the accounts to provide a true and falr view in accordance with the GeneTrlly Accepted Puountin8 Ibrxiice effective for repoTting perlods be8inning on or after l January 2015. I have completed my examlnatlon. I confirrn th* no matters come to my atten15on In connection wtth the examlnation gmng me cause to believe that in any materlal respert: L accountSn8 records were not kept In respert of the T￿￿ a5 requlred by 5edion 130 of the 2011 Act; or 2. the accounts do not accord *4th those records: or 3. the actounts do not comply w6th the applicable requiTements conceming the fomi and content of acmunts set out in the Charities {Pm>unts and Reports} Regulations 2(M)8 otherthan any requirement that the accounts tye a 'true and fair, view which Is Trot a matter considered as part of an Independent wmmination. INDEPENIW EXAM114ERS REPOlTh (ci)IiniKIu>i exarnina*ion to attentSon should be dra￿ kn thk rep(rt In orderto enable a wper undetstsndinoof the acuwnts to be read*d. Thls rep¢xt ts made sole￿tOtheTTuS¥S a5 a body. kn acc(¥rdwr2 wlth Part4 of the Charl¢ie5 {ACQ￿nts and Reports) Regula15ons 2(m. has been undertaken so thjt I ml8ht state to theTrusVsTru5tees th¢)se matters l am req￿ed to ststeto them In an Independent Eyamlnerfs Rewt and fi)rno other purpos& Tothe fvllest extent pemiltted by S*ned: Rugbv NEPAU CHILDREWSTRiisr cio NufES TO ThE FINANaALsfATEMEP￿s FOR THE YEAR ENDED 31 MARCH 2025 I. GENERAL INFORMATION Nepall Chlldren's Trust CIO is a charity registered In England and Wales. The charity number is 1181316 and address of the reg￿tered office is Rowan, RopeTS Lane, Wrington BS40 5NQ I ACCOUNTING pouats 2.1 BASIS OF PREPARATION OF FINAiiaAL sfATEMEKrs The finandal ststements have been prepared in accordance wlth the Charities SORP IFRS 102)- Accountln8 and Reporting by Charlties: Statement of Recommended Practlce applicable to charities preparin8their accounts in actordance with the Flnanclal Reportin8 Standard applleable In the UK and Republlc of Ireland (FR5 1021 leffectlve l January 2019). the Flnanclal Reportlng Stsndafd appllcable In the UK and Republic of I￿land (FRS 102) and the Charltles Art 201L The fiftancial ststements have been prepared to 81¥* a 'tn* and falrf vlew and have departed from the Charities (Accounts and Reports) Re8ulations 2(X)8 only to the extent requI￿d to provlde a true and falrf vlew. Thls departure has Involved followin8 the Charilles SORP {FRS 1021 published on 16 July 2014 rnther than the Accountln8 and Reportin8 by Charities: Statement of Recommended Prxtke effective from l April 2(K15 whkh has slnce been wlthdrdwn. Nepali Children's Trnst CIO meets the definltlon of a publk benefft entlty under FRS 102. Assets and Ilabllltles are Inftlally recognlsed at historical cost or transaction value unless otherwise ststed in the relevart accounting pollci. 2.2 GOING CONCERII Having dtstrlbuted all ￿lIable funds an application wlll be made to The Charity Commlsslon to strlke off the charlty. 23 INCOME All income is reco8nbsed once the Trust has enlitlement to the income. it is probable that the income will be rKeived, and the amount of income receivable can be measured reliably. NEPAU CHILDREWSTRusr cio NOTESTOTHE FINANCIAL STAIEMEiffs (COPfflNUED) FOR ThE YEAR ENDED al MARCH 2025 The reco8nilion of income from le8a(ies is depeDdent on establishlng entitlement, the probability of re￿pt and the abIl￿t0 esilmate wlth suffident accuracy the amount recelvable. Evldence of enlitlement to a legacy exists when the Trust has sufficlent evidence that a grft ha5 been left to them (through knowledge of the exlstence of a valld will and the death of the benefactor) and the executor Is satlsfied that the property in question will not be requlred to satlsfy dalms In the estate. Receipts of a legacy must be retognlsed when It Is probable that It wlll be recelved and the falr value of the amount reofvable, wthlch will generalty be the experted cash amount to be dlstrlbuted to the TTUSt, can be rellably ma￿Ured. 2A EXPENDmiRE Expendlture Is reo)gnlsed once there is a le8al or Constr￿ obl1￿￿On to transfer economlc benefft to a third party. it is probable th* a trdnsfw of economlc beneftts will be required in settlement and the amount of the omltyion can be measured reliably. Expenditure Is classified by actrvity. The costs of each artl¥lty are made up of the totsl of dlrect Costs and shared costs. Induding support costs Involved In undertsklng each artlvtty. Olrect costs attrlbutsble to a sln8le activity are allocated dlrectjy to that actlvlty. Shared costs which contribute to more than one activlty and support costs which are not attributable to a sin* actsvlty are apportioned between those activlties on a ba515 conststent wlth the use of re9)Ur￿ Central stsff costs are allocated on the basls of time spenL and depredation thar8es allocated on the portlon of the asset's Use. Expendlture on charitable actl¥ltles Is Incurred on dlrectly undertakin8 the activlties whlch furtherthe Trusvs obiecb%*s. as well as any asS0¢i￿ support costs. 2.5 DEwfoR5 Trade and other debtors are re(ognlsed at the settlement amount after any trade discount offered. Prepayments are vall￿d at the amount prepaid net of any trade dlscounts due. 2.6 CASH AT 8ANK IN HANO Cash at bank and in hand indudes cash and short4emi highty liquid in¥￿ents wlth sl)ort maturity of three months or le55 from the date OF acquisition or opening of the deposlt or similar ac(ounL NEPALI CHILDREP¥STRUST ao NOTES TOTHE FINAIKIAL sfATEMENTS (CO14TIII￿D) FOR THE YEAR ENDED 31 MARCH 2025 Llab¢lities are reco8nised when there is an obli￿lon atthe Balance Sheet date as a result of a past event. It Is probable th* a transfer of economic benefft will be required In settlemenL and the arn￿rt of the settlement can be estimated rellablv. Liabillties are recognised at the amount th* the Tntst antklpates It wlll w to settle the obli8ation. Where the effect of the tlme value of Money Is materfal. he provlslon Is based on the present value of those amounts, d05counted at the Prfr￿￿ dlscount rate that reflects the risks specthc to the liabillty. The unwinding of the dlscountls recognised in the Ststemerrt of Flnancial Activities as a finance cosL The Trust onty has financial assets and finandal Ilablllties of a klnd that quallfy as basic financlal Instrnments. Bask financial instrufflents are inltially recognised at trdnsactlon value and subsequently measured at thelr settlement value with the exceptlon of bank loans whlth are subsequentty rneasured at arnortised cost usln8 the effectlve lrtere5t method. 2.9 FUND ACCOUPfflNG Genernl fwids are unreslrkw funds vknith are milable for use at the dlscretlon of the Trustees In furtheran￿ of the general objectives of the TNst and whlth h3ve not been de$￿ated kn other purposes. Pa8e io NEPAU (>IIiDREN'sTrusrao FOR THE YEAR EP4DED 31 MARCH 2025 (Yonations and le8ades 25985 Totsl Inwfiè 25985 EXpendI￿re w: Charitsbie acti¥ie5 IOY511 -39144 Tolal •xP•nd1￿ra -103511 -39144 -77526 Totsl funds brou8ht forward Net movement In funds 77526 -77526 81827 77526 The Ststement of Flnanclal Athities Includes all galns and losses recognlsed In the year. The notes on page 8 to 10 fom) part of these fina￿la1 staten)ents PAGE 11 ASAT31 PUROI 2QS ash ètbank¥ndlnl• 74126 78U6 77526 77526 77526 Unre51rlthd fvnds 77526 Totslftr 77526 IAr$5J DB¥les PKE FOR THEVEAR ENDED al MARai 2015 fvr¥Js 2024 thA￿e$UndertAke￿￿TOc rfundlryoFxil•lYes 6144 39U4 2024 PAGE MEPAU CHiDAEPISTR115rcLI FOR THE YEAR ENDED 31 MARCH *)25 2024 Other debtors 2024 cruats and defwred Income PAI% 14