CEDAR INTERNATIONAL ANNUAL RE¢oRT 2024 ANWL4TA TS CEDAR INTERNATIONAL Contents Administrative Detsils and Tnjstees. Report Independent ELvniner's Report Stat¢ment of Financial Aotiviti¢s Balance Sheet Notes to the Financial Statements 5t06 CEDAR INTERNATIONAL Administrative Details Chftrfity name Cedar International Charity registration number 1195886 Prillcipa] offiee Rosilian Tolgus Mount Redrnth Cornwau TRIS 3TA Registered offi¢e Rosilian Tolgus Mount Redruth COrn￿all TR15 3TA Trnslees Naomi Hepburn Thom&% Doble Pamela Lang5don Projeet ManAger Andrew Hepburn Trustees, Report Since Cedar's inception in August 2022. we have ￿Mained committed to our founding purpose: empowering disadvantaged rural communities acros5 Southeast Asia by providing income-genernting skills and essential life training. Over th¢ past year, we have launched several new initiattves to re.8￿nd to the diverse challenges faccd by th¢ villag¢s we support. These include condiicting Inarket research and providing seed fimding for local offee markets and rural tourism projects, alongside expandin(F the range of vo¢alional skills on offer. In northwestern rural areas, we partsiered M'ith two small community gatherings to initiate a new skills program focused on digital literacy and onl1￿C safety-an incr¢asingly Critical area for rural populations navigating a MO￿ connected world. Looking ahead to 2025, Cedar International ivill Continue to prioritise the devclopment and delivery of practical Iraining programs that are tailored to the unique ne£ds of e&cb community. We aim to extend our reach to additional villages ivhile broadening the scope of our SiTPPOrtto ensure sustatnabl¢. long-terni impact for individuals and flunilies. We are particularly excited 8bout th¢ upwining launoh of a rural tour initiative, which will create new exonomic opportunities through responsible tourism iyliile foslering cultural ex¢haMge, We rcmain d¢eply grateful to our supporters for their unwai'ering comniitment and shared vision. Your generosity continues io make a tangible and1&8ting difference in the lives of thosc who need it tnost. Approved by the Board and sigDed on its behalf by: Hepburn Thomas Doble Tn￿lee Tr￿¢* J5 2025 15Augwi 2025 CEDAR INTERNATIONAL INDEPEM)ENT EXAMINER'S REPORT TO THE TRUSTEE4 S OF CEDAR INTERNATIONAL I report on th¢ 4¢gounts of Cedar International for the year ended 31 DecemlKr 2024 which are s¢t out on the preceding pages. Re5pectiv¢ responsibilities ofcedar Internydlknll￿ and eumiD¢r Tlie memb¢rs of Cedar International ar¢ responsible for the preparntion of the accounts and consid¢r tiiat audit is not r¢quir¢d for the year under section 144(2) of th¢ Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my rospon5ibility to- examine the accounts under section 145 of the 2011 ACL to follow the procedures l&id down in the general Directions given by the Charity Commission under s¢ction 145(5)(b) of the 2011 Act. and to state whether particular matters have come to my attention B￿1$ of Independent examiller's report My examination w7s Ca￿led out kn accordance with the general Dire¢tions given by the Charity Commission, An Exavnination includes a review of the accounting records kept by Cedar International and a comparison ofthe accounts presented with those records. It also includes considering any unusual items or disclosu in the ￿count8, and seeking explanations from >'ou as Cedar Illtsn]ational members concerning any such matters. The procedures und¢rtak¢n do noi provide all the evidence thai would be required in an audit and consequently no opinion is given as to ￿hether the accounts present a'knie aud fair view" and th¢ report is liinit¢d to those matters Set oiit in the statement below. Independent examiner's 8tstement In connection with my examination. no matter has come to my att¢ntion.'- (i) which gives me re&sonabl¢ ¢aus¢ to believe that in any material respect the requirnneDts'. to keep accounting records io ac¢ordan¢e iyith section IJO of the 2011 Act. and to prepare accounts which accord ivith th¢ accounting records and comply with the accountiDg requirements of the •OI l Act bave not been meL' or (2) to which, itt my opinion. attention should be draw￿ ID order to el￿b]e a proper ￿derstanding of tkne accounts to be reached. Crllig ChApman BS¢ (HODS) ACA 4 Treoarne Terrace St Aust¢ll Cornwall PL25 4BE J5Augusi 2025 CEDAR INTERNATIONAL Statement of Financial Activiti￿ (including Income and Expenditure A¢¢ount) For the year ended 31 December 2024 Restricted ineome ruDds Total funds Ullrestrieted funds Prior year funds Income Income And elldowments from: Donations Interest received 27,851 18 27,8SI 18 16.583 Total 27,869 27,869 8,994 Expenditure Expenditure oll: Project costs Website Bank charges Travel exp¢ns¢s Sundry exp¢ns¢s 23,000 23,0 14.900 31 60 146 193 1.924 Total 24,984 24,984 15,330 Net movemellt Ill fuod8 2,128 2J28 1,261 Re¢onclliatlon of funds: Totsl funds brought forward 2,885 2085 867 Total funds carried forTrvard 5,013 5,013 2,128 The Statem¢nt of finan¢ial a¢livities includes all gains and losses recogoised in the ￿rIOd. All income and expenditure deriv¢ from continuing activities. Th¢ notes on pages 5 and 6 form an integral part of these financial statements. CEDAR INTERNATIONAL (Registration number.. 1156970) Balance Sheet as ot 31 December 2024 2024 2023 Current assets Cash at bank and in hand 5,013 2.128 5,013 2,128 Creditors; AmouDts falling due within Olle period Net current assets 5,013 2.128 Net assets 5,013 2,128 The funds of the Cbarity: Totsl wtricted fund8 Ullrestrlcted funds Unr¢stri¢t¢d incom¢ S013 2,128 Total charity funds 5,013 2,128 For the finaii¢ial pertod ended 31 December 2024 the company was ¢ntitied to exemption from an ind¢pend¢nt examination and an audit. Trust¢¢s r¢strt)nsibilities: Th¢ m¢n]bers hav¢ not requir¢d th¢ wmpany to obtain an audit of its fllwicial statements for the period in qiiestion ID accordance with section 476. and Th¢ trust¢¢s a¢knowl¢dg¢ tlieir r¢sponsibilities for complyillg with the requirements of the Act with respect to accounting records and the preparation of f￿￿k¢ial ststements. Approved by the Board and si￿ed on its beliDlf by: Naomi Hepburn Tn￿lee Thomas Doble Trwlee 15Augxsi2925 15 Augwt 2025 The notes on pages 5 and 6 forni aD integral part of these fllwicial statements. CEDAR INTERNATIONAL Iyotes to the FiDan¢ial Statements for tbe Year Ended 31 Decewber 2024 l. Aceountillg policies ofaccounfirtg The accounts bal'e prg￿r￿1Ut￿t￿h1SLYLC*I CA)StC(XNath atKI in with the Statement of Finwi¢ial Retorting Stsndard applicable in the LX Republic of ]relatTrd ffRS 102) 16 Ju]y 2014 and the Charities AL't201 l. The charity constitits awblic ￿tity defilled byFRS I()2. Fuuduecountingpoliry iJKomefillKts are gawl fiMtsthat￿￿ availablefvu* atthelDJ4￿ disLY¢tionin firdrnce of the objeclivas of the Charity. Restrict￿1 funds are those thnat￿l foruse in a￿ticular aredorfv puryx>¥ th¢ use ofmthich is restricted Incomi¢ There has been no offsettingof as*ts and Itabi]iti¢& or income and EX￿ Unl￿ rg4Uited or tfflnilt£d bythe FRS102 SORP orFRS lif2. It¢ms of i￿ome reCO￿lS￿at￿ includ￿] in accounts when all ofthe fo]bwing criteria ar¢ m¢t'. th¢ cEwity hasentitlementto the ￿. 4my ￿lfOn￿condltio￿8 afJaclKdtoth¢ itrfs)of i￿￿lle haNEl￿n fijllywithin the cii]trol ofthe olwity, thetr is sulyicient certainty thgt rec¢ipt ofthe illCOTne is considered probable. and the amount can be measured reliably. Eyendilure Liabiliti&% aR r￿Ognised as s(xM &$the￿ is a legal ￿ constr￿C&>I]￿0n c(Kmnitiing charitytothe aggr¢g8t¢ all costs r¢lated io the category. Charitable expenditu￿ Compri￿ thoseco*s It￿￿Ted bydk ¢hariry in the foreign cur￿￿leS a￿tra￿Stated atts r& of¢xd)ange ruling at the date of the tran&Ktion. Ongoing transaclions a￿ alK) aTetratLS1thl attherale of axchange nding at the dateof the tran&￿tiOn. Exchange differen¢4s aretaken into account iii arriyingat th¢ OperatlligT￿ulL CEDAR INTERNATIONAL Notes to the Fillaucial Ststements for Ihe Year Ended 31 December 2024 (conlinued) 2. Trustees remuneration Trustees received no remulleration or benefits in kind during this period. 3. MembeT5' liability The or8anisation is a charitsbl¢ in¢orporated organisation and as such there is no m¢mb¢rs liability on winding up the charty. 4. RelAted parties Controlling entity The charity 18 controlled by the trnstees of the charitable inCA)￿A)rated organisation.