DosIgn Envelope ID.. BC8094c3-767&4A8CCCA-9B0B6eF49O3E CHARITY REGISTRATION NUMBER: 328218 Save a Child Unaudited Financial Statements 5 April 2024
Docu8ign Envelope ID.. BC8094C3-787B4A8&9CCA-9B0888F4903E Save a Child Flnancial Statements Year ended 5 Aprll 2024 Page Trustees, annual report Independent examinerfs report to the trustees statement of financial activities Statement of financial position Notes to the financial statements
DooJs•3n Envelope ID.. BC8094C3.767B4A8C.9CCA_9B0868F4903E Save a Child Trustees. Annual Report Year ended 5 April 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024. Roference and administrative details Ragi8t8red charlty name Save a Child Charity registratlon number 328218 Prlncipal office Wheatc108e Cottage Mill Lane Scotsgrove Thame Oxfordshire OX9 3RZ Tho trusteeg Loulse Nicholson Daphne Romney KC Louise Sykes Independont examlnor N J Cadwallader For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD
DocAJsign Envelope ID.. 8C6094C3.767B_4A8C.9CCA_9B0868F4903E Save a Child Trustees, An nual Report fconllnutd) Year ended 5 April 2024 Objectives and activities a. Policies and Objective5 In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charrty Commission relating lo public benefit a5 explained below. The principal object of the Charity is to 5UPPOrt the care, maintenance and education of children in India. This is done through supporters whose donations are associated with specific children at several VRII established residential institutional homes in Kolkala and West Bengal, all wth which the Charity has had a long and successful relationship. Save a Child also helps to support a number of children vtho have completed their basic education and are pursuing Higher Secondary and Further Education whilst living at home or independently. Additionally, Save a Child fund5 a number of projects that benefit groups of children at the homes it works with. b. Activities for Achieving Objactlva$ Income is largely derived from donations from supporters vtho are linked to individual children, often on long-lerm basis. The Charity enjoys loyal and long-standing support from many of its donors who have supported children Ihrough the Charity for more than twenty years. The Charity also receives general donations and income from certain specific fund-raising activities vhich are non-recurring. c. Grant Making Pollcl•s Rates for supporting a child in Indian rupees are reviewed at least on an annual basi8 and are paid on a standard basis, irrespective of the age of the child or the identity of the home. The policy of Save Child is to pay a significant portion of the direct cost of maintaining a child at a homelschool including food and education. Higher rates are paid to students in Higher Secondary and Further Education to assist with tuition, fees and travel a5 well as maintenance. The Charity also makes grants to the homes in India or to activilies linked to those homes. The policy of the Charity is to foGUS on grants for activities which directly benefit children and which do not involve either capital or routine operating expenditure Examples funding the costs of a specialisl teacher in spoken English, or paying salaries for professional counsellors to help children who have been traumatised in early childhood, or enabling village children to have daily education. One new initiative is to support All Bengal Women's Union Welfare Home for Girls IABWU) in Kolkata in their partnership with The Nalional Institute of Open Schooling INIOSI. The National Institute of Open Schooling {NIOS) is an autonomous organization under the Ministry of Education, Government of India. ABWU has initiated the Open Basic Education Program of NIOS to give shelter and nurturing to girls who are first generation learners an missed their early years schooling due to marginalized circurnstances. The girls must be aged 14+ years old to qualify. In a dedicated classroom, the specially trained educator Miss Papiya Dutta Chowdhury follows an A, B or C level course equivalent to classes 3, 5 and 8 of the mainstream curriculum of West Bengal Board of Primary Education taught to the rest of the ABWU girls. Save a Child and ABWU already see how this initiative 15 making difference for some of their acutely traumatised girls including some who had lived in a camp in Bangladesh. Another new initiative is at Ramakrishna Vivekananda Mission at Barrackpore: it is to hold an annual counselling meeting for Save a Child supported students in classes 10, 11 and 12, attended by their teacher5 and carers as well as outside professionals and teachers, to give education guidance to ensure each student chooses the rnost appropriate course for their ability, aptitude and career aim.
Docusign Envelope ID., BC8094C3.767B4A8C.9CCA_9B0868F4903E Save a Child Trustees, Annual Report (continued) Year ended 5 April 2024 Achievements and perforniance Review of Activities Save a Child does not manage or assist in the management of any of the schools or homes it supports. The Charity's function is to ensure that it chooses homes where the care is good and therefore there are good chances of a good outcome for the deprived children under that care. Therefore, the Charity both ensures the flow of funds to the homes is consistent and sends representatives to visit each one annually. They meet each child supported by the Charity and nurture a supportive and where appropriate - advisory dialogue wth the management of the home5; on their return they report to the Save a Child Board and to each supporter. The monitoring and mentoring of most of the students living outside homes to pursue Further Education is done by the relevant home. Save a Child's safe-guarding policy is published on its website. The Save a Child Field Trip for 2024 took place in October-November 2024, funded by Save a Child (America) Inc. The Field Trip Reports can be found under News and Events at .saveachildindia.corn. Louise Nicholson, founder and director of Save a Child, did the Field Trip in person, together wth Daphne Romney, a UK Trustee, to check that funds reach the intended end use, that Homes are well run, that the children are happy, healthy and progressing. They met staff and almost all of the supported children, photographing and talking with them, putting this information on the Save a Child database, and WTiting to each supporter. They also wrote a full report on the Field Trip which will be sent to all supporters and will be available on the Charity's public website. Save a Child has for many years worked wth the long-established Shri Digamber Jaln Mahila Ashram in Oelhi I the Ashram I, a registered Indian charity. The Ashram, one of the rnost highly respected charities in Delhi, is now in dispute vdrth the Delhi authorities regarding the criteria for admitting girls to the Ashram. While this dispute continues, Save a Child continues to take a close interest but has regrettably suspended donations to the Ashram for the time being. This decision will be kept under review as the case progresses. There were no fund-raising events held during the year under review. Save a Chikl sent newsletters to supporter$ to update them on the supported children's welfare and activities. b. Investmont Policy and Perforniance The Trust deed give5 the Trustees wide powers of investment. The Trustees have adopted a conservative approach to investment and hold the assets of the Charity in cash deposits and accounts.
DO&1gn Envelope ID., BC8094C3_767B4A8C-9CCA_980868F4903E Save a Child Trustees. An nual Report (eofttlnued) Year ended S April 2024 Flnancial review a. Golng Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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. b. Financial Risk Manag8ment Objectlves and Pollcles Save a Child maintained its level of activities in supporting around 230 children and students in India, as well as funding supplementary grants including spoken English lessons at the All Bengal Women's Union Horne in Kolkata, a sports programme for children at Ramakrishna Vivekananda Mission and programme to encourage village girls to attend one of Ramakri5hna Vivekananda Mission's schools near Purulia, West Bengal. The number of children sponsored includes those sponsored through our affiliate, Save a Child (America) InG. Income included the receipt of a Gift Aid claim for the year 2022123, Gift Aid claim8 are made on an annual basis, covering the previous financial year. Against that background, the Trustees consider the underlying financial stability of the Charity is robust. Save a Child is well able to maintain rts charitable commitments in India. c. Re88rv8B Policy The Charity enjoys a Gomfortable level of reserve5, of more than Six months, commitment of child support payments to India. The Trustees consider that a good level of re8erves 18 prudent, the level of which remains, as always, under review. Plans for Future Period8 Mindful of the need to re-evaluate Save a Child's work to reflect changes in Society, the Trustees will offer supporters equal opportunities to be associated with 5UPPOrting a specific child or to make donation5 to one of several established Save a Child-funded projects lated to the two Homes rt currently supports.
Doojsign Envelope ID: BC80g4C3-767&4A8C-9CCA-9B0868F4903E Save a Child Trustees. Annual Report (conllnu•dJ Year ended 5 April 2024 structurey governance and management Con8titutlon The Save a Child charitable Trust is constituted by a Deed of Trust dated 16 May 1989. b. Method of Appolntment or Election of TnA8tee8 The management of the Charity is the responsibility of the Trustees who are appointed under the terms of the Trust deed. c. Organisational Structure and Decision Maklng The Trustees do not receive any remuneration for their wrk although, vA)ere approprlate, some travel and out of pocket expenses are reimbursed (in the year under review no expenses were reimbursed). The Charity has no office premises. The Trustees have considered the risks that the Charity may be running, including those arising from future inability to meet commitments they have made or from misappropriation. They consider the risks to be minimal. Save a Child has a slster charity, Save a Child (America) Inc, which is separately organised and managed under the legal and regulatory framework of New York State. USA. Louise Nicholson is also Chairman of Save a Child (America) Inc. The objectives and activities of Save a Child (America) Inc are identical to those of Save a Child. The organisalions share infomiation and certain support costs such as website development and field trips. The reporting and financial statements of the two Save a Child charities are entirely separate. Rlsk Management The Trustees have considered the risks that the Charity may be running, including those arising from future inability to meet commitments they have made or from misappropriation. They consider the risks to be minimal. The trustees, annual report was approved on trustees by: 9/1/2025 and signed on behalf of the board of DOQUSlgnod by,. 94212H4L4A Louise Sykes Trustee
DOSIgn Envelope ID.. BC8094C3-767B4A8C-9CCA-9B0868F4903E Save a Child Independent Examiner's Report to the Trustees of Save a Child Year ended S April 2024 I report to the trustees on my examination of the financial statements of Save a Child I'the charity,) for the year ended 5 April 2024. Responslbllltiej and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements 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)(bl of the AGt. Indopendent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charlty as requlred by section 130 of the Act., or the financial statements do not accord wllh those records., or the financial statements do not comply wlth the appllcable 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 ich attention should be drawn in this report in order to enable a proper understanding of the accaunts to be reached. N J Cadwallader Independent Examiner For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD
DoeJJsign Envelop8 ID.. BC8094C3_767B.4A8C_9CCA_9B0668F4903E Save a Child Statement of Financial Activities Year ended 5 April 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donation5 and legacies Totsl income 10,318 10,318 26,682 26,682 37,000 27,869 37,000 27,869 Expenditura Expenditure on charitable activities Total expendlture 10,139 10,139 16,631 26,770 26,436 16,631 26,770 26,436 Net Income and net movement in funds 179 10,051 10,230 1,433 Roconclllatlon of funds Total funds brought foThvard Total fund8 carried fotward 22,734 22,913 22,734 21,301 10,051 32,964 22,734 The statement of financial activitles Includes all gains and105ses recognl8ed in the year. All income and expenditure derive from continuing activities. The notes on pag85 9 10 13 forni part ofthese flnan¢l•l statemonts.
DocJJsign Envelope ID.. BC8094C3-767B4A8C_9CCA_gB0866F4903E Save a Child Statement of Financial Position 5 April 2024 2024 2023 Note Current assets Cash at bank and in hand 34,374 24,114 Creditors: amounts falllng due within ong year Net current ass8ts 10 1,410 32,964 32,964 1,380 22,734 Total assets less current liabilities 22,734 Nat assets 32,964 22,734 Funds of the charity Restricted funds Unrestricted funds 10,051 22,913 32,964 22,734 Total charlty funds 11 22,734 e financial statements were approved by the board of trustees and authorised for issue on 1?2025 and are Signed on behalf of the board by: o#y8lllhfrd by.. Q4DF Louise Sykes Trustee The notes on pages 9 to 13 fomi part of these fln•ncl•l statements.
Docuslgn Envelope ID,. BC8094C3_767B.4A8C-9CCA_9B0868F4903E Save a Child Notes to the Financial Statements Year ended 5 April 2024 General Information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Wheatclose Cottage, Mill Lane, Scotsgrove, Thame, OX9 3RZ. Statement of compllanco These financial statements have been prepared in compliance wth FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 10211 and the Charities Act 2011. Accounting pollci08 Basls of preparatlon The financial statements have been prepared on the historical c05t basis, as modified by the revaluation of certain financial assets and liabilitie8 and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng Goncern The Covid-19 outbreak has caused severe disrupts'on to charities internationally. The trustees of Save a Child have analysed and will carry out ongoing monitoring of the impact on the charity's financial po8ltion. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. As a result, they continue to adopt the golng concern basis of accounling in preparing the financial Statements. Judgements and koy source• of estlmatlon unc•rtainty The preparation of the financlal statements requires management to make Judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectstions of future events that are believed to be reasonable under the circumstances, Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purpose5. Oesignated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes, restricted income funds or endowment fund5.
Docusign Envelope IO.. BC8094C3.767B4A8C_9CCA-9B0868F4903E Save a Child Notes to the Financial Ststements (contlnued) Year ended 5 April 2024 Accountlng policies (contlftuedj Incomlng resources All incoming resources are included in the Statement of financial activities when entitlement has passed to the charity., il is probable that the economic benefit5 associated with the transaction will flow to the charity and the amount can be reliably measured. The foll0Yng specific policies are applied to particular categories of income.. income from donations or grants is recognised en there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. Resourc88 oxpended 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 Mrill 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 d1ct costs and shared costs, including support cost5 involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared cost5 whiGh contribute more than one activity and support costs which are not attributable to a single 8Ctivity are apportioned between those activities on a basis consistent wth the use of resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities, Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with the general administration of the the Charity, including communication with sponsors as well as compliance with statutory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities. Grants payable are charged in the year 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. In particular, grants payable. whether on-going sponsorship of children in India or grants to the hcmes where the children reside are not paid until the conditions have been satisfied and therefore these are usually accounted for wthen they are paid. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations 10,318 26,682 37.000 10
Doojsign Envelope ID= BC8094C3-767B4A8C-9CCA-9B0868F4903E Save a Child Notes to the Financial Statements (continued) Year ended 5 April 2024 Donatlons and legacies (ContInd) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 8,609 19,260 27,869 Sponsornhip of chlldren Unrestricted Funds Restricted Total Funds Funds 2024 Sponsorship of children Support costs 9,412 727 16,631 26,044 726 10,139 16,631 26,770 Unrestricted Funds Restricted Total Funds Fund5 2023 Sponsorship of children Support costs 6,220 691 19,525 25,745 691 6,911 19,525 26.436 Expenditure on charltable activltlos by actlvlty type Activities undertaken directly Support cost8 Total funds 2024 Total fund 2023 Sponsorship of children Governance costs 26,044 26,044 726 25,745 891 726 26,044 726 26,770 26,436 Indepondent examinatlon fee8 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 696 690 staff costs The average head count of employees during the year was Nil (2023.. Nil). No employee received employee benefi'ts of more than £60,000 during the year (2023.. Nil). 11
Docusign Envelope ID.. BC8094C3_767B_4A8C_9CCA.9B0868F4903E Save a Child Notes to the Financial Statements (conllnuedj Year ended 5 April 2024 Trustee romunoration and expenses During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustee8 received any reimbursement of expenses (2023 - £NIL). 10. Crnditors: amounts falllng due within one year 2024 2023 Accruals and deferred income 1,410 1,380 11. Analysis of charltable funds Unrastricted fund8 At 6 April 2023 At Transfers 5 Aprll 2024 Income Expenditure Unrestricted fund 22,734 10,318 (10,139) 22,913 At 6 April 2022 At Transfers 5 April 2023 Income Expendlture Unrestricted fund 21,301 8,609 (6,911) (265) 22,734 Restricted fund8 At 6 April 2023 At Transfers 5 Aprll 2024 Income Expenditure Restricted Funds 28,682 {16,631) 10,051 At 6 Aprll 2022 At Transfers 5 April 2023 Income Expenditure Restricted Funds 19,260 119,5251 266 The increase In restricted funds carried fonNard arose due to some sponsors generously Increasing the amount of sponsorship they pay, together with payments received in the current year in respect of prior years and the foreign exchange impact of the rupee weakening against the pound. The funds carried forward will be spent on sponsorship of children during 2025 and 2026. 12
Docusign Envelope ID.. BC8094C3-767B4A8C-9CCA-9BO868F4903E Save a Child Notes to the Financial Statements (eonthiuedj Year ended 5 April 2024 12. Analysi5 of net assets between funds Unrestricted Funds Restricted Totsl Funds Funds 2024 Current assets Creditors less than 1 year Not assets 24,323 (1,410) 22,913 10,051 34,374 {1,410) 32,964 10,051 Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Not assets 24,114 (1,380) 22,734 24,114 (1,380) 22,734 13