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2023-09-30-accounts

Thai Children Foundation (TCF) Trustee’s Annual Report

1. Charity Overview

2. Objectives and Activities

2.1 Purpose of the Charity

The purpose of TCF, as outlined in our governing document, is to relieve poverty and sickness and to advance education for public benefit in Thailand. TCF aims to improve the quality of life for individuals from socially and economically disadvantaged backgrounds by providing essential resources, including food, clean water, clothing, medical care, and supplementary educational support where these needs are not met by local authorities.

2.2 Summary of Main Activities for Public Benefit

During this reporting period, TCF concentrated on establishing a solid foundation to deliver our charitable objectives effectively. Key activities included:

Development of Grant-Making Policies: We formulated comprehensive grant-making policies to ensure transparent and effective resource allocation, aligning with our mission to support educational and community initiatives.

Community Engagement: TCF engaged with local schools and communities in Thailand to assess needs and identify opportunities for collaboration. This involved recruiting and evaluating potential local contacts to serve as vital links between TCF and the communities we aim to support.

Networking with Local Charities: We initiated partnerships with local charitable organisations to understand their work and explore avenues for mutual collaboration, enhancing our capacity to deliver public benefits effectively.

Brand Development: Efforts were made to establish TCF’s identity by creating a new logo, updating our website, and expanding our presence on social media platforms. Additionally, we produced and distributed informational leaflets at events in Thailand and the UK to raise awareness of our mission.

Continuation of Support for Disadvantaged Children: In alignment with our

objectives, TCF continued support for a disabled child previously assisted by the AngloThai Foundation (ATF). This included providing financial assistance for the child’s monthly expenses to support her health and well-being. Monitoring and evaluation were conducted through regular reports from a local teacher and an in-person visit to assess the child’s progress.

3. Achievements and Performance

3.1 Achievements in the Reporting Period

While the formal opening of TCF’s bank account was delayed until 5 September 2023, TCF used this foundational period to prepare for full program implementation. Key achievements included establishing a network of local contacts, developing grantmaking policies, and initiating brand-building efforts. These actions ensure TCF’s readiness for future operations and effective program delivery.

3.2 Continuation of Anglo-Thai Foundation (ATF) Mission

Following the closure of ATF, TCF was entrusted with £16,331.25 to continue supporting disadvantaged children in Thailand. We also received another designated fund, which enabled TCF to provide financial support for a disabled child previously assisted by ATF. TCF’s director covered the initial expenses. Ongoing monitoring was conducted through regular reports from a local teacher and an in-person assessment, ensuring continuity of care.

3.3 Fundraising and Financial Foundations

While formal fundraising activities were limited, the substantial ATF transfer positioned TCF to commence its mission. Additional funding from donors was received, reimbursing the director for expenses advanced for the child’s support.

4. Financial Review

4.1 Financial Position

TCF’s bank account was opened on 5 September 2023, and initial transactions began on 13 October 2023. On 23 October, a transfer of £2,160.38 from donor Mr MB reimbursed an advance provided by the director. The ATF funding of £16,331.25 was received on 15 November 2023. All the transactions mentioned occurred beyond the reporting period but were referred to, in this case, to ensure TCF’s financial stability. We can confidently continue our work in further steps.

TCF’s bank account was formally opened on 5 September 2023, allowing us to begin financial transactions. On 13 October 2023, a test deposit of £20 was completed. On 23 October, a donation of £2,160.38 from donor Mr MB reimbursed the director for an advance given to support caring for a disabled child. The ATF funding of £16,331.25 was received on 15 November 2023.

While these transactions occurred after the reporting period, they are included here to confirm TCF’s strengthened financial foundation, which will support our ability to confidently advance our mission in the coming year.

4.2 Reserves Policy

A formal reserves policy is being developed to support TCF’s financial sustainability and adaptability.

4.3 Going Concerned and Financial Stability

Although setting up the bank account took longer than expected, TCF is now financially stable and well-prepared to implement its mission effectively.

4.4 Principal Risks and Mitigation

The primary risk was the delay in accessing funds, which was mitigated by completing the bank account setup. TCF has since begun its financial operations, enabling the full program rollout.

5. Structure, Governance, and Management

5.1 Governing Document

TCF operates as a Charitable Incorporated Organisation (CIO) and follows the governing document requirements for CIOs in the UK.

5.2 Trustee and Management Structure

TCF’s governance comprises five founding trustees with designated roles: director, treasurer, and secretary. Plans are underway to establish an Advisory Board of 5-8 members for strategic guidance.

5.3 Organisational and Volunteer Structure

TCF plans to recruit volunteers to support operational tasks, including administration and marketing, and to enhance community outreach. Partnerships with schools and charities form the basis of TCF’s local support network.

6. Reference and Administrative Details

Trustee Name Position Dates acted
Mrs Ladawan Wilson Founder & Chair 19/01/2023 - Present
Mrs Sohpita Tuck FoundingTrustee & Treasurer 19/01/2023 - Present
Dr Kwansuree Jiamton Founding Trustee & Board
Secretary
19/01/2023 - Present
Mr Bhatsakorn Kota FoundingTrustee 19/01/2023 - Present
Mr Herbert Tuck FoundingTrustee 19/01/2023 - Present

7. Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

ned on behalf of the charity’s trustees
Signature
Full name Mrs Ladawan Wilson
Position Founder & Chair
Date 13/11/2024

Thai Children Foundation (TCF) Registration No. 1201643

CC16a Receipts and payments accounts For the period 19/01/2023 30/09/2023 To from

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
Restricted funds
to the nearest £
Endowment
funds
to the nearest £
Total funds
to the nearest £
Last year
to the nearest £
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) - - - - -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
- - -
- - - -
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** - - - - -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
- -
- -
- -
- -

Section B Statement of assets and liabilities at the end of the period

CCXX R1 accounts (SS)
Categories
B1 Cash funds
~~1~~
Details
CAF Cash Account: 00036525
Sort Code: 40-52-40
CAF Gold Account: 00101256
Sort Code: 40-52-40
Unrestricted
funds
to nearest £
-
-
-
Restricted funds
to nearest £
-
-
Endowment
funds
to nearest £
CAF Cash Account: 00036525
Sort Code: 40-52-40
- -
CAF Gold Account: 00101256
Sort Code: 40-52-40
- - -
~~1~~ - - 11/11/2024
-

CCXX R1 accounts (SS)

Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
Details
Total cash funds
(agree balances with receipts and payments account(s))
Details
Details
Amount due to repay a Trustee (LW) -
Advance payment for the cost of mobile
handset & local SIM service in Thailand
Details
Amount due to repay the Trustee (LW) -
Advance payment for child monthly expense
x 6 months
Amount due to repay the Trustee (KJ) -
Advance payment for the cost of Web Hosting
Service (Oct 2022 - Sep 2023)
Signature
-
Dr Kwansuree Jiamton

CCXX R2 accounts (SS)

11/11/2024

2