## **Trustees’ Annual Report for the period** ## **From 1[st] April 2024 Period start date To 31[st] March 2025 Period end date** ## **Charity name: Asian Students Christian Trust CIO (Children of the Dump Manila)** ## **Charity registration number:1198301** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The relief of poverty amongst Asian students
and children.
Children of the Dump (registered as Asian
Students Christian Trust) provides
education, family support and loving care to
deprived children living in extreme poverty
around the Payatas and San Isidro rubbish
dump communities in Manila. During 2024 -
2025 we had over 300 children in our care;
supported in different ways; some of whom
have been neglected, abused or even
abandoned. Since 1975 the supporters of
Children of the Dump and our Filipino
partner Asian Students Christian
Foundation, have been giving young lives
the chance to escape the cycle of poverty
through education.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|During 2024-2025, our partner in Manila
operated a residential children’s home
(Mango Tree House) a scholarship
programme (Grapevine) and delivered early
years education through the Cashew Tree
School. These services are provided to
children who live in communities near the
dumpsites and around Mango Tree House.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees have the interests of our
beneficiaries at the heart of each decision
and discussion.| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Organisations in the Philippines that: |Policy on grant making|Para 1.38|Are registered and licensed to deliver
appropriate services.
Share the values and principles of the UK
organisation.
Commit to working in partnership and
providing necessary monitoring information
on the use of funds and quality of services.
Individuals in receipt of services are selected
by professionally qualified local staff based
on their assessment of need.| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|All Trustees are volunteers and take no
expenses from the charity, even for trips to
Manila which are all undertaken at their own
expense.
Non- Trustee volunteers have played an
increasingly vital role in recent years,
bringing new skill sets especially in social
media and digital working. Increased
emphasis has been placed on enhancing our
engagement with Filipinos resident in the UK
by engaging more volunteers from those
communities.| |Other||| ## **Achievements and Performance** SORP reference Summary of the main Para achievements of the charity, 1.20 identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. This report relates to the Asian Students Christian Trust (Children of the Dump) Charitable Incorporated Organisation established on 1[st] July 2022 with all assets having transferred from the charity Asian Students Christian Trust which was wound up on 30[th] June 2022. The mission and values of the new organisation remain identical to those of its predecessor; Trustees considered a CIO to be a more efficient charity structure. ## **Manila** UK Trustees visited Manila services in January / February 2024. Trustees fund these visits themselves at no cost to the charity, they also pay ASCF for any costs they incur during the visit such as food. The relationship with ASCF is governed by an annual partnership agreement which details the respective roles and responsibilities of each organisation, the delivery objectives that year and information sharing requirements. This is an important two-way governance process in collaborative working. The environments for our communities have changed over the years but rubbish and scavenging remain at the heart of the local economy even though the massive Payatas dumpsite closed over 7 years ago. San Isidro dumpsite population has grown massively with hundreds of squatter shacks appearing in places that were raw jungle last time we visited. Unfortunately the infrastructure remains non-existent with no potable water, electricity or sewage systems in place. Local supporters of the charity worked hard to refurbish a pump in the heart of the community which now provides washing and cooking water for over 700 families. This community is the focus of service development for the charity. The dumpsite has been there for many years but it is only since the closure of Payatas that the number of scavenger families has exploded. We met people who have lived there for more than 18 years in extreme poverty. Many of the adults never went to school, are unable to read and write and the children’s births have never been registered, meaning they were not eligible to go to school. The team have assisted families to get their children registered thus opening up future opportunities for them. There are no local schools apart from our satellite Cashew Tree early years facility so if a child is to get to any school after the age of 6, they have to pay for transport on a shared trike at 40 peso a day which is a massive proportion of a scavenger’s daily wage. Fortunately, our main facilities are conveniently situated equi-distant between Payatas and San Isidro and can serve both communities as well as the nearby resettlement town of Kasiglahan which originally housed people evicted from their squatter shelters but has now grown beyond recognition even with a MacDonalds fast food shop. Poverty remains a constant issue for all our communities. During the Trustee visit to ASCF in February 2024, concerns crystalised about the leadership of the operations. Steps taken resulted in the departure of two senior leaders and appointment of a new Executive Director and finance team through a consultancy organisation. Through this new leadership, concerns about the operational policies emerged and increasing levels of anxiety regarding lack of appropriate governance from the ASCF Board. The UK attempted to support but lost confidence in the existing board delivering appropriate action and requested their resignations if ongoing funding from the UK was to be provided. The new Executive Director led a process of identifying appropriately motivated and qualified individuals to form a new board of Trustees who held their first formal meeting in April 2025. To strengthen partnership and governance further, there is reciprocal attendance on both the Manila and UK boards. Historically, the UK has provided 90% of the operational costs of services with the remaining 10% raised locally in Philippines. Trustees in the UK are keen to support ASCF in its fundraising capability and delivery as they consider it will become increasingly important to raise a greater proportion of costs locally. The first meeting of the ASCF board in Manila jointly signed off a long-term funding plan with the UK which demonstrated the requirement for local income growth. Mango Tree House has provided a loving residential home for children from four years of age. The Mango children who re-integrated into families have continued to be monitored and supported throughout the year to ensure they remain safe and well. Their education has similarly been supported where necessary through the Grapevine scheme. We are really proud of this reintegration programme, despite the wonderful care delivered in Mango Tree House, research is clear that outcomes for children are consistently better if they are raised within a loving family environment. Our social workers did such a great job and it was wonderful to see the children thriving when we visited. The new ASCF director determined that as resident numbers in Mango continue to reduce, no new admissions would be made until the implementation of local fundraising was embedded. Grapevine has continued to increase the number of children supported, growing from 125 last year to 140 this year; allowing more children to be educated while living with their family. This support enables students to focus on their schooling and avoids the need for the children to work scavenging to assist the family income. Children who succeed in education, will utilise their new earning power to support their siblings and family to also step-out from poverty. One child’s life transformed thus impacts on many others. Saturday School is an important component of the scholarship program where Grapevine students come together at Mango Tree House, joining residents for additional tutorials, fun and social activities along with food and spiritual development. Parents also volunteer and these days really help to build a sense of common purpose and mutual support among the team and beneficiaries. Phrases used by beneficiaries included: Feeling part of a wider family that cares about you; Feeling valued and being given a chance to succeed; Having expectations that you will achieve your goals in life. Cashew Tree School, which was newly built on the Mango Tree House site in 2019, with two satellite facilities; one in Payatas and the other in San Isidro to keep the service as close to children’s homes as possible and encourage parents to be more involved in helping the teachers. In total 175 students are enrolled. Each child gets the best possible start in their educational journey plus a nutritious daily meal as malnutrition is a common feature in the population. The San Isidro site came to fruition during the pandemic when the staff team partnered with parents, together with local supporters they created the make-shift school building which has operated for four years; the regulatory authorities have issued requirements that this site is unable to meet as the charity does not own the land and in future children will be transported to the main Cashew site. We are incredibly proud of all the children, their work ethic and enthusiasm for learning is inspirational. So many have seen their lives transformed by the support of the charity, affording them opportunities that would never have been possible before. The staff team in Manila under the auspices of ASCF continued to deliver loving care and professional dedicated expertise for our beneficiaries, We are indebted to them for their dedication. ## **UK** Under the new CIO, the drive to improve value from every penny continues alongside the enhanced use of digital communications with donors, supporters and the public. This year, we have continued to test innovative ideas and to learn from others experience to increase our fundraising power. Increasing involvement of more volunteers has been a priority this year, especially with our UK Filipino friends. We are grateful to people who stepped forward and have made such an impact on being able to spread the message about the charity’s work. The financial out-turn for the year is testament to everyone’s efforts and of course to our wonderful loyal supporters. ## **Communications** The use of more digital communications has continued this year with video messages being shared between children and their sponsors. Introduction videos, Birthday and Christmas gifts are acknowledged with a video from the children who love making messages and sponsors found being able to see and hear their supported student really engaging, many making their own video in return. Monthly news sheets are sent to supporters via Mailchimp with dedicated updates for Church congregations also shared monthly. The priority placed on communication with donors is illustrated by the wonderful efforts of our UK Manager to achieve this is to be commended: Website optimisation has been taking place to enhance our positioning in internet searches which is appearing successful, attracting new supporters to our ‘sponsor a child’ page where details of children available for new sponsors are displayed. Paypal has been adopted to make donating smoother and simpler with less ‘clicks’ necessary and offering more refined choices to donors for specific projects. We have also continued our emphasis on the use of social media, participating in national campaigns. Our biggest effort focused on the Big Give Christmas Campaign where donations are match funded. 2024 proved successful thanks to the response by supporters, making it our biggest single fundraiser for the year. Social media coverage on Facebook and Instagram has increased thanks to the efforts of dedicated volunteer which has generated more followers and adoption from Filipino Facebook groups which has helped to spread messages and stories. Unfortunately the success of birthday fundraisers in previous years has not been repeated. Grant applications have not been prioritised this year due to the uncertainty around leadership in Manila and service strategy. Donors and supporters gave willingly and generously to ensure that the charity could continue to do its utmost to deliver its beneficiaries the best possible help and support. Trustees are excited for the future, aware of the challenges we face in the long term but optimistic that with the continued help of donors we can meet that challenge in partnership with our colleagues in Manila. Trustees are grateful to so many people – our donors, volunteers, churches, the staff team in Manila and especially the children who have all worked so hard to make the most of the opportunities afforded to them. |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Income**
For the 2024/2025 year our total income was
£185,029.59. This was £7,412.59 over
budget. This is an excellent result. It is also
an increase on 2023/24 when our income
was £178,555.06.
**UK Expenditure**
For the 2024/25 year our total UK
expenditure was £34,556.91. This was
£3,566.91 over budget due to the back
payment of pension as well as various other
expenses being marginally higher than
anticipated. UK Expenditure in 2023/24 was
£33,738.36. When you remove the pension
back pay which should have been in
2023/24, we have seen a decrease in
expenditure in the UK over the last 12
months.
**Philippines Expenditure**
Including the Interim costs, we have spent
£176,875.47 in the Philippines this year. If
you remove those expenses the money sent
was £159,503.01. This is significantly under
the original budget by £48,738.17 due to
favourable exchange rates and a reduction
in funds required towards the end of the
year. This is also a decrease from last years
figure of £247,995.35.
**Expenditure Summary**
This year in total the charity had expenses of
£211,432.38, this is a reduction from the
previous year's figure of £281,733,71.
**Cash Position**
Cash balances at the end of the year were
£344,510.75. This is a reduction of
£26,364.63 over the year.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Trustees believe it is essential to hold
reserves to allow service changes in Manila
to be made in a managed process should
income levels fall substantially.
Trustees calculate the target level of free
reserves each financial year based on the
approved budget for the next year, the
general economic climate, exchange rate
and trends in charity giving. The target free
reserves for the year were £70,000| |Amount of reserves held|Para 1.22|March 2025 there are restricted funds of
£7000 and designated reserves of £236,000
leaving the unrestricted reserves of
£101,510 close to target levels. The
designated reserves are for service
sustainability over the next couple of years| to enable ASCF to embed their local fundraising processes. Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO from July 2022.| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Board selection.| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Asian Students Christian Trust| |---|---| |Other name the charity uses|Children of the Dump–Manila| |Registered charity number|1198301| |Charity’s principal address|High Cross Church
Knoll Rd
Camberley
Surrey
GU15 3SY| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||KayMackay|Chair||| ||Alison Jean Morey|Vice Chair||| ||John Wenger|Treasurer|1.4.2023 – 18.10.2023|| ||Lydia Janet
Osmond-Davis|||| ||Fred Little|||| ||David Regan|||| ||Michael James
Kelly|||| ||Mark Fryer|Treasurer||| ||Benet Fryer|||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** John Busby Charity Manager ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Kay Mackay **Position (eg Secretary,** Chair **Chair, etc) Date** ||ASIAN STUDENTS CHRISTIAN TRUST|ASIAN STUDENTS CHRISTIAN TRUST|ASIAN STUDENTS CHRISTIAN TRUST|Charity No
(if any)|1198301|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for theperiod|||||| ||Period start date|**01/04/2024**|**To**|Period end
date|**31/03/2025**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total resources expended_**
**_Total incoming resources_**
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|| |||135,738|1,989|-|137,727|135,865| |||36,297|-|-|36,297|40,532| |||11,005|-|-|11,005|2,158| |||-|-|-|-|-| |||-|-|-|-|-| |||183,041|1,989|-|185,030|178,555| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||15,477|-|-|15,477|16,781| |||-|-|-|-|-| |||159,503|-|-|159,503|244,415| |||36,534|-|-|36,534|20,187| |||-|-|-|-|| |||211,514|-|-|211,514|281,383| |||28,474
-|1,989|-|26,485
-|102,828
-| |||-|-|-|-|-| |||28,474
-|1,989|-|26,485
-|102,828
-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||28,474
-|1,989|-|26,485
-|102,828
-| |||364,625|6,371|-|370,996|473,824| |||336,151|8,360|-|344,511|370,996| CC17a (Excel) 14/01/2026 1 ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|285,678| |||101,511|243,000|-|344,511|85,318| |||101,511|243,000|-|344,511|370,996| |||||||| |||-|-|-|-|-| |||||||| |||101,511|243,000|-|344,511|370,996| |||||||| |||101,511|243,000|**-**|344,511|370,996| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||101,511|243,000|-|344,511|370,996| |||||||| |||101,511|||101,511|228,625| |||-|||-|-| ||||243,000||243,000|142,371| |||||-|-|-| |||||||| |||101,511|243,000|-|344,511|370,996| |||||||| |||Signature||Date of
approval
Print Name||| |||||||| |||||||| CC17a (Excel) 14/01/2026 2 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); • and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act. [** except for the following]. ## _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate: - if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”; - if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick - “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following). - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years (§§ except for the following). §§ if no changes have been made to accounts for previous periods then delete these words. CC17a (Excel) 14/01/2026 3 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |---|---| |**resources**|• the charity becomes entitled to the resources;| ||• the trustees are virtually certain they will receive the resources; and| ||• the monetary value can be measured with sufficient reliability.| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**related expenditure**|the incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional| ||entitlement to the resources.| |**Tax reclaims on donations**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to| |**and gifts**|which they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and**|These are only included in incoming resources (with an equivalent amount in resources| |**facilities**|expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._| ||The value placed on these resources is the estimated value to the charity of the service or| ||facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND**|**LIABILITIES**| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**conditions**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are| |**performance conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a| ||basis consistent with the use of resources, eg allocating property costs by floor areas, or per| ||capita, staff costs by the time spent and other costs by their usage.| |**ASSETS**|| |**Tangible fixed assets for use**|
These are capitalised if they can be used for more than one year, and cost at least £500. They| |**by charity**|are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** CC17a (Excel) 14/01/2026 4 ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Donations andgifts|102,278|107,966| ||Gift aids|21,949|22,899| ||Legacies|12,500|5,000| ||Grants|1,000|-| |||-|-| ||**Total**|137,727|135,865| ||||| ||Fundraising activities|36,297|40,532| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|36,297|40,532| ||||| ||Interest income|11,005|2,158| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|11,005|2,158| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| CC17a (Excel) 14/01/2026 5 ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.** |**Governance costs**
**Charitable activities**
**Fundraising trading**
**costs**
**Investment**
**management costs**
**Costs of generating**
**voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Fundraisingcosts|15,477|16,781| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|15,477|16,781| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Sister charityin Manila|155,767|240,835| ||Childgifts|3,736|3,580| |||-|-| |||-|-| |||-|-| ||**Total**|159,503|244,415| ||||| ||Administrative expenses - London|19,162|20,187| ||Administrative expenses - Manila|17,372|-| |||-|-| ||**Total**|36,534|20,187| CC17a (Excel) 14/01/2026 6 ## **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**_support costs._**||||| |---|---|---|---|---| |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| |Sister charityin Manila|171,115|-|-|171,115| |Childgifts|3,736|-|-|3,736| |Other administrative
expenses|-|-|36,663|36,663| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|174,851|-|36,663|211,514| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ **Number of trustees who were paid expenses Nature of the expenses Total amount paid** |**This year**|**Last year**| |---|---| |NONE|NONE| |NONE|NONE| |**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Independent examiner’s or auditors' fees for reporting on the**
**accounts**
**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||NONE|NONE| ||NONE|NONE| CC17a (Excel) 14/01/2026 7 ## **Section C Notes to the accounts (cont)** **Note 7 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **7.1 Staff Costs** |**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**|**This year**
**£**|**Last year**
**£**| |---|---|---|---| |||26,153|26,225| |||4,542|177| |||-|-| |||30,696|26,402| ||||| ||**nt employees in the year**|**This year**
**Number**|**Last year**
**Number**| ||**Fundraising**|0.5|0.5| ||**Charitable Activities**|0.3|0.3| ||**Governance**|-|-| ||**Other**|-|-| ||**Total**|1|1| ## **7.3 Defined contribution pension scheme** _**Please complete if a defined contribution pension scheme is operated.**_ **Brief details of the scheme** **The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end** ||**This year**|**Last year**| |---|---|---| ||**£**|**£**| |||| |||| |||| CC17a (Excel) 14/01/2026 8 ## **Section C Notes to the accounts (cont)** ## **Note 8 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **8.1 Total value of grants** |**_part of the charitable activities undertaken._**
**8.1 Total value of grants**||| |---|---|---| |**Purpose for whichgrants made**|**Grants to**
**institutions**
**Total amount £**|**Grants to**
**individuals**
**Total amount £**| |Support to sistercharityin Manila|159,503|244,415| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |**_Total_**|**159,503**|**244,415**| ## **8.1 Grantmaking costs** _**If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **Support costs of grantmaking** **£** ## **8.3 Grants made to institutions** _**If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.**_ |**_institutions supported._**||| |---|---|---| |**Names of institutions**|**Purpose**|**Total amount of**
**grantspaid £**| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |**_Total grants to institutions_**||**-**| CC17a (Excel) 14/01/2026 9 ## **Section C Notes to the accounts (cont)** ## **Note 9 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ ## **9.1 Cost or valuation** |**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery**
**and motor**
**vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
- - - - - -
Additions
- - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
- - - - - -
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- - - - - -
Depreciation charge
for year
- - - - - -
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - - - - -
Brought forward
- - - - - -
Carried forward
- - - - - -
**9.3 Net book value**
**9.2 Accumulated depreciation and impairment provisions**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ## **9.4 Revaluation** _**If any fixed assets have been revalued please give details of the valuer and method of valuation**_ > _* The "transfers" row is for movements between fixed asset categories._ > _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC17a (Excel) 14/01/2026 10 ## **Section C Notes to the accounts (cont)** ## **Note 10 Investment assets** ## _**Please complete this note if the charity has any investment assets.**_ ## **10.1 Fixed assets investments** |Carrying (market) value at end of year
**Add:**additions to investments at cost
**Less:**disposals at carrying value
**Add/(deduct):**net gain/(loss) on revaluation
Carrying (market) value at beginning of year|**£**| |---|---| ||-| ||-| ||-| ||-| ||-| ## _**Please provide below:**_ **10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.** ## **10.3 A breakdown of the income from investments agreeing with SOFA row S03.** |**Other investments**
**Total**
**Investment properties**
**Securities not listed on a recognised Stock Exchange**
**Cash held as part of the investment portfolio**
**Investments listed on a recognised stock exchange or held in common**
**investment funds, open ended investment companies, unit trusts or other**
**collective investment schemes**
**Investments in subsidiary or connected undertakings and companies**
**Analysis of investments**|**10.2**
**Market value at**
**year end**
**£**|**10.3**
**Income from**
**investments for**
**the year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ## **10.4 Material investment holdings** **If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.** ## **Investment held Market Value** CC17a (Excel) 14/01/2026 11 ## **Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors** |**Loans and overdrafts**
**Trade creditors**
**Amounts due to subsidiary and associated**
**undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **12.2 Security over assets** _**If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.**_ CC17a (Excel) 14/01/2026 12 **Section C Notes to the accounts (cont)** ## **Note 13 Endowment and restricted income funds** _**Please complete this section if the charity has any endowment or restricted income funds.**_ ## **13.1 Funds held** **Please give a brief description of any of the following type of funds held by the charity:** - **permanent endowment funds (PE);** - **expendable endowment funds (EE); and** - **restricted income funds, including special trusts, of the charity (R).** |• **expendable endowment funds (EE); and**
• **restricted income funds, including special trusts, of the charity (R).**|• **expendable endowment funds (EE); and**
• **restricted income funds, including special trusts, of the charity (R).**|• **expendable endowment funds (EE); and**
• **restricted income funds, including special trusts, of the charity (R).**| |---|---|---| |**Fund Name**
**Type PE, EE**
**or R**
**Purpose and Restrictions**
||| |Cashew RunningCosts|R|~~Reserve of dedicated donations made to support ongoing running~~
costs of Cashew Tree School in case of unexpected increase in
operational costs| |Mango RunningCosts|R|Reserve of dedicated donations made to support ongoing running
costs of Mango Tree House in case of unexpected increase in
operational costs
| |||| |||| |||| |||| ## **13.2 Movements of major funds** ## _**Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.**_ |**Fund names**|**Fund**
**balances**
**brought**
**forward**
**£**|**Incoming**
**resources**
**£**|**Outgoing**
**resources**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---| |Cashew RunningCosts|720|-|-|-|-|720| |Mango RunningCosts|5,651|-|-|-|-|5,651| |Overspend 24/25|65,000|||- 65,000||-| |Overspend 25/26|50,000|-|-|85,000|-|135,000| |Capital Reserve 25||-|-|25,000|-|25,000| |Mango Extension 24/25|51,000|||- 51,000||-| |Mango Extension 25/26
~~Change costs Go Non~~|50,000|-|-|- 25,000|-|25,000| |
Profit|20,000|-|-|-|-|20,000| |Grapevine Expansion||-|-|31,000|-|31,000| |General Reserve|128,625|185,030|- 211,515|-|-|102,140| |**Total Funds**|370,996|185,030|- 211,515|-|-|344,511| ## **13.3 Transfers between funds** _**Please give details of any transfers between funds.**_ |**From Fund(Name)**|**To Fund(Name)**|**Reason**|**Amount**| |---|---|---|---| |Mango Extension|Overspend|Mango Extension costs are not as high as
anticipated, now move to a general
dedicated reserve for anticipated
overspend if local fundraising|20,000
| |Mango Extension|Capital Reserve|Dedicated reserve to fund anticipated
essential building repairs|25,000| |Mango Extension|Grapevine Expansion|Dedicated reserve to accommodate move
in numbers of beneficiaries from Mango
to Grapevine projects in line with Family
reintegrationprogramme|31,000
| CC17a (Excel) 14/01/2026 13 CC17a (Exc811 14 1410112026 ## **Section C Notes to the accounts (cont)** ## **Note 14 Transactions with related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.**_ ## **14.1 Remuneration and benefits** _**Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.**_ |**Name of trustee or connected party**|**Legal authority (eg order,**
**governing document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---| |||**This year**
**£**|**Last year**
**£**| ||||| ||||| ||||| ## **14.2 Loans** _**Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.**_ |**Due to trustees and**
**related parties**
**Due from trustees**
**and related parties**|**Name of trustee or**
**connected party**|**Legal authority**|**Amount owing**|**Amount owing**| |---|---|---|---|---| ||||**This year**
**£**|**Last year**
**£**| |||||| |||||| ## **14.3 Other transaction(s) with trustees or related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.**_ |**Name of the trustee**
**or relatedparty**|**Relationship to**
**charity**|**Description of the**
**transaction(s)**|**This year**
**£**|**Last year**
**£**| |---|---|---|---|---| |||||| |||||| |||||| CC17a (Excel) 14/01/2026 15 **Section C Notes to the accounts (cont)** ## **Note 15 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** 14.1 Remuneration and benefits CC17a (Excel) 14/01/2026 16 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees** Charity Name THE ASIAN STUDENTS CHRISTIAN TRUST **On accounts for the year** 31 March 2025 **Charity no** 1198301 **ended (if any) Set out on pages** SOFA, Balance Sheet, Notes to accounts I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. - _Please delete the words in the brackets if they do not apply._ **Signed: Name:** Matthew Wavish **Relevant professional** ICAEW ACA **Date:** 13/01/2026 1 **Oct 2018** **IER** **qualification(s) or body (if any):** **Address:** 8 Challenor Close Finchampstead, Wokingham RG40 4UJ ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **Oct 2018** **IER**