THE PACO PROJECT Charitsble Incorporated Organisation (CIO) Registered Charity No. 1201140 UNAUDITED ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2025 Prepared by.. Charfes Russell Speechlys LLP S Fleet Place London EC4M 7RD CONTENTS TRUSTEES, ANNUAL REPORT AT 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ANNUAL TRUST ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 THE PACO PR¢)JECT TRUSTEES. ANNUAL REPORT AT 31 MARCH 202S Adfflinistrative Information Datè of Constitutlon 24 November 2022 Trustees Cassie Helena Senn Alexandre Pansod Henrietta Diana Helen Senn The power to appoint new Trustees is vested in the current Trustees Registered Charlty No 1201140 Registered Address clo Charles Russell Speechlys LLP 5 Fleet Place London EC4M 7RD Sollcltors Charles Russell Speechlys LLP 5 Fleet Place London EC4M 7RD Bankers (Switzerlandl UBS Switzerland AG PO Box CH-8098 Zurich Investment Manager l Bank account IUKI Evelyn Partners 103 Colmore Row Bimingham B3 3AG WKS1342339239 1 THE PACO PROJECT TRUSTEES, ANNUAL REPORT AT 31 MARCH 2025 The Trustees present their annual ￿port with the accounts of the Paco Project Ilhe Charltyl for the year ended 31 March 2025. The results for the period are presented in the form of a Statement of Financial Activities. in order lo comply with the Charities Statement of Recommended Practice under the Financial Reporting Standard 102 ISORP FRS 1021 and with the Charities IAccounls and Reports) Regulations issued under the charib.es Act 2011 Constitution and Objects The objects of the Charity are.. to advance such charitable purposes laccofding lo the law of England and Wales) as the charity Iruslees See fit from lime lo time. Organisation The Trustees have all served during the financial period. The Trustees will make available lo each new trustee. on or before his or her first appointment.. a copy Df the current version of the ¢onstilulion.' and a copy of the CIO'S latest Trustees, Annual Report and slalement of accounts. Grant Making Pollcy The Trustees have adopted a comprehensive grant-making policy and will review il annually. The Trustees correspond and meet lomially during the year to Consider grant applications and lo further develop the Charity's focus The Trustees may make grants to any type of organisation. provided the Charity's funds are used for a purpose which is wholly ¢harilable under the law of England and Wales. The TFuslees recognise that there are greater risks in granting funds to organisations which are not themselves charities in England and Wales, as they are not legally reslricled to applying their funds lor charitable purposes. As such, any grants to organisations established outside of England and Wales will be made on a restricted basis lo be used for a specific charitable project. The Trustees will lake also all reasonable steps lo ensure that the funds are applied lo a purpose which is charitable Ljnder the law of England and Wales in accordance wth HMRC'S guidance on overseas expenditure, as Il may be updatod Iiom lime to time. Charltablè A¢tlvlty for the Publlc Benefit In pursuit of the charitable objects as sel out above. the Trustees have considered the Charity Commission's guidance on public benefit 19 ensure that all activities meet this requirement. The Charity has furthered ils charitable purposes lor the public benefit during the year through making grants in furtherance of purposes that arè charitable under the law of England and Wales. During the period under review the Trusl*s agreed and paid out one grant of £13,418 to Fondalion Nicole Niquille The recipient organisation is a Swiss foundation Iregislered with Swiss Federal Supervisory Authority for Foundations) whose objects are to improve the health of people living In the Himalayan valleys ol Nepal by maintaining and contributing to the operation of a hospital in Lukla. Nepal. ¢ollaboraling on medical projects. training young people in healthcare fields. and by promoting the health of mothers and children by encouraging births to occur under medical supervision. Achievements and Performance Donations of £17.906 were received during the year from the trustee Henrietta Diana Helen Senn. Charitable donations of £13,41812024'. £0) were made during the year lo the charitable organisation shown in note 4. Financlal Revlew IM