**Registered number: 07331618 Charity number: 1202713**
## **Save The Schools**
**(A company limited by guarantee)**
## **Unaudited**
**Trustees' report and financial statements**
**For the Period Ended 31 March 2025**
## **Save The Schools**
## **(A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Trustees' responsibilities statement**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6 - 7|
|**Notes to the financial statements**|8 - 11|
## **Save The Schools**
## **(A company limited by guarantee)**
**Reference and administrative details of the Company, its Trustees and advisers For the Period Ended 31 March 2025**
## **Trustees**
Binod Neupane, Trustee Bandana Chapagain Suyog Parajuli
## **Company registered number**
07331618
## **Charity registered number**
1202713
## **Registered office**
12 Huxley Road, Welling,Kent, England, DA16 2EN
Page 1
## **Save The Schools**
## **(A company limited by guarantee)**
## **Trustees' report For the Period Ended 31 March 2025**
The Trustees present their annual report together with the financial statements of the Save the Schools for the 1 August 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
The charity has continued its donations to various schools in Nepal as part of its commitment to support in education sector specially in rural areas in Nepal.
## **c. Main activities undertaken to further the Company's purposes for the public benefit**
Donations raised in the UK from individual and institutions. The charity makes grants to various schools for educational purpose and focus mainly on providing marker and white boards for classroom.
## **Achievements and performance**
## **a. Main achievements of the Company**
Incoming resources for the year totalled £Nil (2024: £305). Total resources expended amounted to £30l (2024: £366) resulting to deficit £30 (2024: £61).
At the end of the year, the charitable company had unrestricted reserves of £100 (2024: £130).
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
## **Save The Schools**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the Period Ended 31 March 2025**
## **b. Reserves policy**
The charity carry forwards reserves to continue to provide support to schools.
## **Structure, governance and management**
## **a. Constitution**
Save The Schools is registered as a charitable company limited by guarantee and was set up by a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. Financial risk management**
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Members' liability**
The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
Approved by order of the members of the board of Trustees on 25 January 2026 and signed on their behalf by:
## **Binod Neupane**
Trustee
Page 3
## **Save The Schools**
## **(A company limited by guarantee)**
## **Statement of Trustees' responsibilities For the Period Ended 31 March 2025**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 25 January 2026 and signed on its behalf by:
**Binod Neupane** (Trustee)
Page 4
## **Save The Schools**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) For the Period Ended 31 March 2025**
|**Note**
**Income from:**
Donations and legacies
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**-**
**-**
**30**
**30**
**(30)**
**130**
**(30)**
**100**|**Total**
**funds**
**2025**
**£**
**-**
**-**
**30**
**30**
**(30)**
**130**
**(30)**
**100**|_Total_
_funds_
_2024_
_£_
_305_
_305_
_366_
_366_
_(61)_
_191_
_(61)_
_130_|
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the period.
The notes on pages 8 to 11 form part of these financial statements.
Page 5
## **Save The Schools**
**(A company limited by guarantee) Registered number: 07331618**
## **Balance sheet As at 31 March 2025**
|**Note**
**Fixed assets**
**Current assets**
Cash at bank and in hand
**Current liabilities**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
6
Unrestricted funds
6
**Total funds**|**100**
**100**|**31 March**
**2025**
**£**
**-**
**100**
**100**
**100**
**100**
**-**
**100**
**100**|_130_
_130_|_31 July_
_2024_
_£_|
|---|---|---|---|---|
|||||_-_|
|||||_130_|
|||||_130_|
|||||_130_|
||||||
|||||_130_|
|||||_-_
_130_|
||||||
|||||_130_|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 25 January 2026 and signed on their behalf by:
## **Binod Neupane**
Trustee
Page 6
## **Save The Schools**
**(A company limited by guarantee) Registered number: 07331618**
**Balance sheet (continued) As at 31 March 2025**
The notes on pages 8 to 11 form part of these financial statements.
Page 7
**(A company limited by guarantee)**
## **Save The Schools**
## **Notes to the financial statements For the Period Ended 31 March 2025**
## **1. General information**
Save the Schools is a company, limited by guarantee, registered in England & Wales. The company's registered number is 07331618 and registered office:12 Huxley Road, Welling,Kent, England, DA16 2EN.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Save The SchoolsSave the schools meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.
## **2.4 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 8
## **Save The Schools**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the Period Ended 31 March 2025**
## **2. Accounting policies (continued)**
## **2.5 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.6 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
## **3. Trustees' remuneration and expenses**
During the period, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the period ended 31 March 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
## **4. Income from donations and legacies**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|Donations|-|**-**|_305_|
## **5. Analysis of expenditure by activities**
||**Grant**|||
|---|---|---|---|
||**funding of**|**Total**|_Total_|
||**activities**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|Direct costs - Grants|30|**30**|_366_|
Page 9
## **Save The Schools**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the Period Ended 31 March 2025**
## **6. Statement of funds**
|**Statement of funds - current period**
**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior period**
**Unrestricted funds**
Reserves
**Summary of funds**
**Summary of funds - current period**
General funds
**Summary of funds - prior period**
General funds|**Balance at 1**
**August 2024**
**£**
**130**
_Balance at_
_1 August_
_2023_
_£_
_Income_
_£_
_191_
_305_
**Balance at 1**
**August 2024**
**£**
**130**
_Balance at_
_1 August_
_2023_
_£_
_Income_
_£_
_191_
_305_|**Expenditure**
**£**
**(30)**
_Expenditure_
_£_
_(366)_
**Expenditure**
**£**
**(30)**
_Expenditure_
_£_
_(366)_|**Balance at**
**31 March**
**2025**
**£**
**100**|
|---|---|---|---|
||||_Balance at_
_31 July 2024_
_£_
_130_|
||||**Balance at**
**31 March**
**2025**
**£**
**100**|
||||_Balance at_
_31 July 2024_
_£_
_130_|
## **7. Summary of funds**
Page 10
## **Save The Schools**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the Period Ended 31 March 2025**
## **8. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**31 March**
**2025**
**£**
Current assets
100
**Total**
100
**Analysis of net assets between funds - prior period**
_Unrestricted_
_funds_
_31 July_
_2024_
_£_
Current assets
_130_
**Total**
_130_|**Total**
**funds**
**31 March**
**2025**
**£**
**100**|
|---|---|
||**100**|
||_Total_
_funds_
_31 July_
_2024_
_£_
_130_|
||_130_|
## **9. Members' liability**
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.
Page 11