Charity Registration Number 1201013
Share the Wonder CIO
Annual Report and unaudited Financial Statements
For the period from the date of registration 15th November 2022 to 31st December 2023
Share the Wonder CIO Annual Report and unaudited Financial Statements Contents
| Page | |
|---|---|
| Trustee's Annual Report | 1-3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes forming part of the Financial Statements | 6-9 |
Share the Wonder CIO Trustee's Annual Report For the period ended 31 December 2023
Legal and Administrative details
The trustees present their annual report and financial statements of the charity for the period ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland - Charities SORP and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Share the Wonder CIO registered as a charity on the 15th November 2022 with the Charity Commission for England and Wales with registration number 1201013. The registered address is 101 Turnpike Lane, London, N8 0DY.
Trustees
The Charity Trustees for the period ended 31st December 2023 were
Mr Shahan Huq Chairperson (appointed 17th October 2022) Ms Caroline Freestone Trustee (appointed 17th October 2022) Ms Louane Daigremont Trustee (appointed 17th October 2022) Mr Darshan Patel Trustee (appointed 17th October 2022) Mr David Powell Trustee (appointed 2nd February 2023)
Objectives and Activities
For the public benefit, to advance the education of underprivileged children in Asia by organising educational and inspiring day trips for them through partnerships with reputable local NGOs already working with them. For the purpose of this clause, ‘underprivileged’ means coming from a background of poverty, living on the streets or in slums, or physically or intellectually disabled.
We organise day trips for underprivileged children in Asia that incorporate educational activities into the trip itineraries. The activities are finalized after discussions with our local NGO partners to ensure they complement the education already being provided to the children by the local NGO.
Public benefit
In reviewing the Charity's objectives and activities, the Trustees have considered the guidelines laid down by the Charity Commission in relation to public benefit. The Trustees are of the opinion that the Charity's objectives and activities are totally in accordance therewith.
Achievements and Performance
During the period, the charity organised 11 day trips for 283 children (184 girls and 99 boys) in 3 countries in Asia (Cambodia, Myanmar, Vietnam).
The difference the charity’s work has made to the circumstances of its wider beneficiaries is summarized qualitatively through the following written testimonials received from beneficiaries and staff members from their supporting NGOs:
Beneficiaries
Trip 1 in Vietnam:
"The trip was wonderful. I wish I could stay longer."
"I experienced making paper. It is so fun and easy, like eating a cake."
Trips 2-7 in Myanmar:
"I have learned so much and I want to go again."
"If I have a chance, I want to go back one more time. Thank you all Kokkoya members for patiently teaching and playing with us. It inspires me to live on a vegetables farm."
"I got to learn about organic farming and composting. I want to build a farm."
Trip 8 in Cambodia:
"Today I was very happy. I saw the forest, the birds and the elephants. I also saw the elephants eating leaves." "I want to help to protect the forest. I will tell my parents and my neighbours to take care of the forest."
"Today made me very happy. I love elephants."
"I felt very happy to see the elephants, they are beautiful."
"Today I had a good trip because I was with my friends."
"I learned how to protect wildlife and not to hunt."
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Share the Wonder CIO Trustee's Annual Report For the period ended 31 December 2023
Trip 9 in Vietnam:
“Thanks to the sign interpreter, I understand what everyone is doing and can follow along. The most impressive thing today is to try the Do paper. I need to protect the forest so that the Do tree can live well and I can continue making paper.”
“Today is my happiest day of the summer because I can eat delicious food, make Dó paper, and swim. I'm happy to bring home handmade Dó paper.”
Trips 10-11 in Myanmar:
“We learned the importance of the three R’s (Refuse, Reuse and Recycle) for reducing plastics and managing waste. It was admirable to see Kokkoya Organics’ women leading a business. Thank you for sharing your knowledge and inspiring us.”
“Visiting and learning at Kokkoya Organics was very enjoyable. Our favourite part was listening to their experiences. We will always remember Kokkoya Organics as a unique place to learn many things.”
“We learned about Kokkoya Organics' processes and their efforts to reduce plastic usage for the environment. We gained valuable learnings from the Kokkoya team...These sharing sessions were very inspiring and we aspire to be like them in the future.”
Staff Members
Trip 1 in Vietnam:
"We should have more tree planting activities like today so the children are more aware of environmental protection. During the trip, one of the children always kept his plant next to him and said 'when I get home I will love the plant so it can grow faster'".
Trips 2-7 in Myanmar:
"Thank you for providing this wonderful opportunity for our children. There's not many other happy carefree event in their lives."
Trip 8 in Cambodia:
"The trip was good as it improved the children’s knowledge and understanding of the environment, elephants and wildlife."
"Today’s trip was very good because the students learned a lot and communicated well with each other."
Trip 9 in Vietnam:
"The trip was overall a success, and the children had a wonderful experience. There were 22 children who took part in the trip and they were all excited and over the moon.
This is a trip with the participation of many types of children, especially children with disabilities including deaf, blind, and intellectually disabled children. The children with disabilities all felt very excited about the trip. With extra special support and a sign language interpreter, children with disabilities can integrate and experience just like other children.
I and the children sincerely appreciate this opportunity because, in difficult economic times, the most important issues such as food, accommodation, clothing, and maintaining schooling will be given priority and we do not have funds for trips."
Trips 10-11 in Myanmar:
“Everything about the trip was perfect. The food was great too. I would like to see more such programs in the future. I would like the children to learn more about practical farming and what is essential for plants to grow, what needs to be
In terms of wider benefit to society and the natural environment, all 10 of these trips were organised through a social enterprise travel partner (Elephant Valley Project in Cambodia, Kokkoya Organics in Myanmar, Zo Project in Vietnam). This meant that the funds raised for the trips were paid to a tour organiser that uses its profits for a specific local social or environmental benefit.
Financial Review
The charity is in a stable financial position at the end of the period with £3,625 in the bank. Outgoings predominantly consist of payments made to our social enterprise travel partners to organise the trips, associated finance costs and promotion. The nature of the expenditure enables us to manage our funds effectively, whereby trips are only organised or advertising is only incurred provided there are sufficient funds in place. This makes spending beyond our means highly unlikely.
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Share the Wonder CIO Trustee's Annual Report For the period ended 31 December 2023
Nevertheless, it is the policy of the charity to hold sufficient funds to finance at least 3 trips costing £20 per head for at least 25 children per trip. This equates to £1,500 and is more than sufficient funds to maintain the Charity's capability to respond to any urgent requirements.
Going concern
To assess the appropriateness of the going concern assumption, the Trustees have considered the Charity's financial position, reserves and forecasts for the forseeable future.
They have considered the assumptions underlying those forecasts and the impact of the potential risks affecting them. Having made those enquiries, the Trustees have a reasonable expectation that the charity will be able to continue in operation and meet its liabilities as they fall due for at least twelve months from the date of signing this report.
For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Structure, Governance and Management
Share the Wonder registered with the Charity Commission under registered number 1201013 as a CIO Foundation on the 15th November 2022.
With the exception of the founding charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Trustees can be appointed at any point during the year. Induction commences with the next scheduled board meeting.
Administrative Information
There are no corporate trustees, nor do any trustees hold title to any property belonging to the charity. At this time there are no funds held as custodian trustees on behalf of others.
The board at present has no advisors
Declaration
This report was approved by the board of Trustees on 14th October 2024 and signed on its behalf
Mr Shahan Huq Chairperson
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| Share theWonderCIO | Share theWonderCIO | Share theWonderCIO | Share theWonderCIO | 1201013 | |
|---|---|---|---|---|---|
| Annual accounts for theperiod | |||||
| Period start date | 15/11/2022 | To | Period end date |
31/12/2023 | |
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2023 |
|||||
| Notes Incoming resources 3 Income and endowments from: Donations and legacies 4 Charitable activities Other trading activities Other Resources expended (Note 6) 5 Expenditure on: Raising Funds Charitable activities Other - Foreign exchange loss Reconciliation of funds: Total funds brought forward Total funds carried forward Total Net income/(expenditure) Transfers between funds Total Net movement in funds |
Unrestricted funds Restricted funds £ £ |
Total funds £ |
|||
| 12,581 | - | 12,581 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| 12,581 | - | 12,581 | |||
| 1,461 | - | 1,461 | |||
| 8,984 | - | 8,984 | |||
| 254 | - | 254 | |||
| 10,699 | - | 10,699 | |||
| 1,882 | - | 1,882 | |||
| - | - | - | |||
| 1,882 | - | 1,882 | |||
| - | - | - | |||
| 1,882 | - | 1,882 |
The notes on pages 6 to 9 form part of these financial statements
4
BALANCE SHEET AS AT 31 DECEMBER 2023
----- Start of picture text -----
Unrestricted Restricted Total this
Notes funds Funds year
£ £
Current assets
Debtors 6 25 - 25
Cash at bank and in hand 7 3,265 - 3,265
Total current assets 3,290 - 3,290
Creditors: amounts falling due within
one year 8 1,408 - 1,408
Net current assets/(liabilities) 1,882 - 1,882
Total assets less current liabilities 1,882 - 1,882
Total net assets or liabilities 1,882 - 1,882
Funds of the Charity
Restricted income funds - -
Unrestricted funds 1,882 1,882
Revaluation reserve -
Total funds 1,882 1,882
----- End of picture text -----
Signed by one or two trustees on behalf of all
the trustees
----- Start of picture text -----
Signature Print Name Date of approval dd/mm/yyyy
Mr Shahan Huq 14/10/2024
----- End of picture text -----
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NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023
Note 1 Summary of significant accounting policies and key accounting estimates
1.1 BASIS OF ACCOUNTING
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
1.2 STATEMENT OF COMPLIANCE
These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and with the Charities Act 2011.
The charity constitutes a public benefit as defined by FRS 102.
1.2 GOING CONCERN
The trustees consider that there are no materials uncertainties about the charity's ability to continue as a going concern. As set out in more detail in the Trustee's annual report.
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the accounts.
| Note 2 | Accounting Policies |
|---|---|
| 2.1 INCOME | |
| Recognition of income | These are included in the Statement of Financial Activities (SoFA) when: |
| · the charity becomes entitled to the resources; | |
| · it is more likely than not that the trustees will receive the resources; and | |
| · the monetary value can be measured with sufficient reliability. | |
| Offsetting | There has been no offsetting of assets and liabilities, or income and expenses, unless |
| required or permitted by the FRS 102 SORP or FRS 102. | |
| Grants and donations | Grants and donations are only included in the SoFA when the general income recognition |
| criteria are met (5.10 to 5.12 FRS102 SORP). | |
| In the case of performance related grants, income must only be recognised to the extent that | |
| the charity has provided the specified goods or services as entitlement to the grant only | |
| occurs when the performance related conditions are met (5.16 FRS 102 SORP). | |
| Government grants | The charity has not received government grants in the reporting period. |
| Tax reclaims on donations | Gift Aid receivable is included in income when there is a valid declaration from the donor. |
| and gifts | Any Gift Aid amount recovered on a donation is considered to be part of that gift and is |
| treated as an addition to the same fund as the initial donation unless the donor or the terms | |
| of the appeal have specified otherwise. | |
| Donated services and facilities | Donated services and facilities are included in the SOFA when received at the value of the |
| gift to the charity provided the value of the gift can be measured reliably. | |
| Donated services and facilities that are consumed immediately are recognised as income | |
| with an equivalent amount recognised as an expense under the appropriate heading in the | |
| SOFA. | |
| Support costs | The charity has incurred expenditure on support costs. |
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023
2.2 EXPENDITURE AND LIABILITIES
| Liability recognition | Liabilities are recognised where it is more likely than not that there is a legal or constructive |
|---|---|
| obligation committing the charity to pay out resources and the amount of the obligation can | |
| be measured with reasonable certainty. | |
| Governance and support | Support costs have been allocated between governance costs and other support. |
| costs | Governance costs comprise all costs involving public accountability of the charity and its |
| compliance with regulation and good practice. | |
| 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. | |
| Redundancy cost | The charity made no redundancy payments during the reporting period. |
| Deferred income | No material item of deferred income has been included in the accounts. |
| Creditors | The charity has creditors which are measured at settlement amounts less any trade |
| di t |
|
| Provisions for liabilities | A liability is measured on recognition at its historical cost and then subsequently measured at |
| the best estimate of the amount required to settle the obligation at the reporting date. | |
| Basic financial instruments | The charity accounts for basic financial instruments on initial recognition as per paragraph |
| 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, |
|
| FRS102 SORP. | |
| 2.3 ASSETS | |
| Debtors | Debtors (including trade debtors and loans receivable) are measured on initial recognition at |
| settlement amount after any trade discounts or amount advanced by the charity. |
|
| Subsequently, they are measured at the cash or other consideration expected to be received. | |
| Cash and Cash equivalents | Cash and cash equivalents include cash in hand, deposits held at call with banks and other |
| short term liquid investments with original maturities of three months or less. | |
| Unrestricted income funds are general funds that are available for use at the trustees | |
| discretion in the furtherance of the objectives of the charity. | |
| Restricted income funds are those donated for use in a particular area or for a specific | |
| purpose, the use of which is restricted to that area or purpose. | |
| 2.4 FUNCTIONAL CURRENCY TRANSLATION | |
| Functional and presentation | Items included within the financial statements are measured using the currency of the |
| currency | primary economic environment in which the entity operates (functional currency) which is |
| Sterling (£). The presentational currency of the charity is Sterling (£) | |
| Transactions and balances | Foreign currency transactions are translated into the presentation currency using exchange |
| rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting | |
| from the settlement of such transactions and from the translation at the period end exchange | |
| rates of monetary assets and liabilities denominated in foreign currencies are recognised in | |
| the SOFA. |
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023
Note 3 Analysis of income
Analysis Donations and legacies: Corporations Individuals Gift Aid Donated goods, facilities and Other TOTAL INCOME
| Total | Unrestricted funds Restricted funds Total funds £ |
Unrestricted funds Restricted funds Total funds £ |
Unrestricted funds Restricted funds Total funds £ |
|---|---|---|---|
| 6,809 | - | 6,809 | |
| 3,197 | - | 3,197 | |
| 75 | - | 75 | |
| 2,500 | - | 2,500 | |
| - | - |
- |
|
| 12,581 | - | 12,581 | |
| 12,581 | - | 12,581 |
Note 4 Donated goods, facilities and services
| ed goods, facilities and services | |
|---|---|
| Accountancy Fees - pro bono Other Total |
This year £ |
| 2,500 | |
| - | |
| 2,500 | |
Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Note 5 Analysis of expenditure
Analysis
Promotional Expenditure on raising funds: Website Development and Maintenance Bank Fees Total expenditure on raising funds Expenditure on charitable Educuational Day Trips activities: Accountancy Fees Total expenditure on charitable activities
TOTAL EXPENDITURE
| This year Unrestricted funds Restricted funds Total funds £ |
This year Unrestricted funds Restricted funds Total funds £ |
This year Unrestricted funds Restricted funds Total funds £ |
|---|---|---|
| 146 | - | 146 |
| 1,263 | - | 1,263 |
| 52 | - | 52 |
| 1,461 | - | 1,461 |
| 6,484 | - | 6,484 |
| 2,500 | - | 2,500 |
| 8,984 | - | 8,984 |
| 10,445 | - | 10,445 |
Other information:
Analysis of expenditure on charitable activities
| Analysis of expenditure on charitable activities | |||
|---|---|---|---|
| Thisyear | |||
| Activity or programme | Activities undertaken directly |
Support Costs (Finance Costs) |
Total this year |
| Educational DayTrips | £ | £ | £ |
| Zo Project - Vietnam | 1,620 | 23 | 1,643 |
| Green Viet - Vietnam | 266 | - | 266 |
| EXO Travel Vietnam | 457 | 457 | |
| Kokkoya Organics Farm - Myanmar | 2,791 | 1 | 2,792 |
| Elephant Livelihood Initiative Environment Organisation - Cambodia | 621 | 14 | 636 |
| Friends International | 151 | 151 | |
| EXO Travel - Cambodia | 132 | 132 | |
| Buffalo DairyFarm | 407 | 407 | |
| Other - Accountancyfees | - | 2,500 | 2,500 |
| Total | 6,446 | 2,538 | 8,984 |
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023
Note 6 Debtors and Prepayments
| Trade debtors Prepayments and accrued income Other debtors Total nk and in hand Cash at bank and in hand Other Total |
This year £ |
|---|---|
| - | |
| - | |
| 25 | |
| 25 | |
| Thisyear | |
| £ | |
| 3,265 | |
| - | |
| 3,265 |
6.1 Analysis of debtors
Note 7 Cash at bank and in hand
Note 8 Creditors and accruals
8.1 Analysis of creditors
| ar Trade creditors Other creditors Total |
This year £ |
|---|---|
| - | |
| 1,408 | |
| 1,408 |
Amounts falling due within one year
Note 9 Transactions with trustees and related parties
9.1 Trustees' expenses
| Type of expenses reimbursed | Thisyear |
|---|---|
| £ | |
| Travel | - |
| Subsistence | - |
| Accommodation | - |
| Other(please specify): Email and Domain Expenses to be reimbursed(held within creditors) | 1,263 |
| Other(please specify): Printing and advertising expenses to be reimbursed(held within creditors) | 146 |
| TOTAL | 1,408 |
One Trustee was reimbursed for expenses by the charity
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