EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Funds 2023 Total 2022 Total Note Income from: Donations and legacies Other ti'ading activities Investments 71,131 I,iio 71,131 1,110 60,708 14,874 29 Total income 72,241 72241 75,611 Expenditure on: Raising funds Charitable activities 516 (76,544) (76,544) {76,544) (76,544) (68,529) (68,529) Total expenditure Net (expenditure)/in¢ome (4,303) (4,303) 7,082 Reconciliation of funds: Total funds brouglkt forwai'd Total funds carried fonvard 73,059 73,OS9 65,977 73.059 68,756 68,756 The Statement of Financial Activities includes all gains and losses in the financial period, All of the above amounts relate to continuing a¢tAvities. Page 8
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MARCH 2023 2023 2022 Not• rixed assets T)gIble assets 859 Cui'rent Assets Debtoi's Cash at bank 12 5,590 66,227 75,236 71,817 75,236 Creditors: amounts fallfing due wilhin one yeai. 13 (3,061) (3,036) Net current assets 68,756 72.200 Total assets less current liabilities 68,756 68,756 73,059 73,059 Net assets Charity fund5 Uni'esh'icted llds Is 68,756 73,059 Total funds 68,756 73,059 Thcse accounts liave been pI'ep.¢d in accoi'dance with the provisions applicable to ComplIeS subjcct to the small coinpanies i'egime wid in accoi'datice with chltieS SORP (FRS 102). The dll'ectoi's .¢ satisfied that the company is entitled to exemptton fi'om die pi"ovisions of tlie ColnplicS Act 2006 (the Act) i'elatllig to tlie audit of tlie finallcial stateincnts foi. the yew ending 31 m-ch 2020 by viitu¢ of sectioii 477(2) i'elating to small companies, wid that iio Jnetnbei. oi. Ineinbei's bave i'equested wi audit pui'suant to section 476(1) of the Act. The dll'ectoi's acknowledge th¢u' respoiisibilities foi.: (i) ¢nsui-ing tliat the coinpany keeps adequate accouiiting i'ecoi'ds wliich comply with sectioii 386 of the Act, and (li) pi'eparing fuiancial statements which give a tsue and fail. view of the state of affall's of the conipany as at the ¢nd of thc fiEiati¢ial ye. 31 Mw'ch 2023 and of its suiplus oi. deficit foj. the fiiiaiicial yew. ¢ndiiig 31 Mw'oh 2023 lli accoi'dwicc witli the i'equti'eineiits of se¢tioJi 393, whicli otheiwise coinply with the i'equii'¢ftnents of the Act relating to financial stateinents, so f. as applicable to tlie colnply. Th¢s¢ fiiiancial stateineiits w¢i'e appi'oved by tlie meinbet's of th¢ coininittee on the . and 'e signed on di¢ll' behalf by.. Christopher Hart Diiectoi. Date.. Martin Graham Directoi. Date.. Coinpaiiy Registt'atioii Niiinbei.: N1645626 Pfige 9
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 Total 2022 Total Note Cash flow from opei'ating activities Net cash flow from operating 4ctÉvRties Cash flow from investing aclivitles Interest from investm¢nts 17 (9,009) (9,009) 8,138 8,138 29 Net cash flow from investing activities 29 Net (deci'ease) lincrease in eash and eash equivalents (9,009) 8,167 Cash and cash equivalents at l Api'il 2022 Cash and eash equivalents at 31 March 2023 75,236 66,227 67,069 75,236 Cash and cash equivalents eollslst of - Cash at bank and in hand 66,227 75,236 Cash and cash equivalents at 31 March 2023 66,227 75,236 Page 10
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES General informatloll and basis of accounting Eggshell Cainbodia is a chai'itable company limited by guai-antee and does not have any share capital. It i'egisteitd as a chai'ity with The Chai'ity Commission for Noithei'n Ireland on 16 October 2017 and it is incorporated in Northerii Iieland. The address of the iEgistered office is given in the chai'ity information on page l of these financial statements. The charitable company constitutes a public benefit eiitity as defined by FRS 102. Statement ofcompliance The financial stateinents l)&ve been pi'epai'ed irA accordance with applicable accounting standards, Accounting and Repot'ting by Charities.. Statement of Recommended Pj'actice applicable to charities prepliring theii. accouiits in accordance with the Financial RepoJing Standai-d applicable in the UK and Republic of Ireland issued in Octobej. 2019, the Finaiicial Reporting Standai'd applicable in the United Kingdoln and Republic of Ireland (FRS 102), the Chai'ities Act (Noithein Ireland) 2008, Charities Act (NoLthern li'eland) 2013, The Charities (Accounts and Reports) Regulations (Northein Ii'eland) 2015, Companies Aot 2006 and UK Generally Accepted Practice. The financial statements ai'¢ pi'epated on a going concern basis undei. the historical cost convention, modlfied to include celtain items at fail. value. The financial statements al'e prepared in stei'ling which is the fijnctional CUL'IEncy of the chai'ity and rounded to the neai-est £1, The significant accounting policies are set out below. The directoi's con.8ider that these accounting policies al'e suitable, have been consistently applied and ar¢ suppoited by I'easonable aiid prudent judgement aiid estimates. Fund accounting- unrestriLled funds The compaiiy's unresti'icted funds consist of a Genei'al Fund which is expendable at the disci'etÈon of th¢ dii'ectoi's in furtherance of the charitable objects of the company. The directoi's may at theii. discretion designate funds foi. spe¢ific purposes but the designation does not legally i'ests'ict the directoi's, discretion to apply the funds. Income recognition All incoine is ii)¢luded in the Statement of Financial ActlVLties (SOFA) when the cliarity is legally entitled to tlie illcojne after any pei'foi'mance coiiditions have bc¢n met, the amount can be measui'ed i-¢liably and it is probable that the incoine will be received. Foi. donatÈons to be recognised the chai'ity will have been notified of the amounts and the settlemeiit date iii wi'lting. If thei'e al'e conditions attached to the donation and this t'equfftres a level of pei'fonnance befoi'e entitlement can be obtained tlien in¢oJne is defei-red until those conditions are wheii tlieii. ecoiioinic beiietit is pi'obable, it cali be ineasui'ed i'eliably and tlie Ghai-ity lias coiiti'ol ovei. the item. Fair value is det¢i-mined on the basis of tlie value of the gift to the chai'ity. Foi. example the amount the chai'ity would be willing to pay in the open inai'ket for such facilities and sei'vices. A corresponding amount is recognised in expenditiire. Pgell
Page 11 EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNfING POLICIES (contlnueil) Income recognition (conliiiiied) No amount is included in the financial statements foi. volunteer time in liiie with th¢ SORP (FRS 102). Fuither detail is given in the Dii'ectoi's, Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiai'ies of the ¢hai'ity ai'¢ included in stock and donations in the financial statements upon receipt. If it is impi'actloable to assess the fail. value at receipt or if the costs to und¢rtake such a valuation outweigh any benefits, then the fair value is iEcognised as a Component of donations when it is distributed and an equivalent amount i'ecognised as charitable expendituir. Voluntary income i'eceived by way of donations and gift is ciEdited to J'evenue on a iEceivable basis. Fixed asset gifts in kind are recognised when rec¢ivable and al'e included at fail. value. They are not deferi'ed over the life of the asset, For legacies, ¢ntitlement is the earliei. of the ¢harity being notified of an impending distribution or the legacy being received. At this point income is recognised. On o¢¢asion legacies will be notified to the charity howovei. it is not possible to measui'e the amount expected to be disti'lbuted. On these occasions, the legacy is treated as a contingent asset and disclosed. Inv¢stment income is interest eai'n¢d through holding cash at bank, Interest iiicome is recognised when receivable. Lxpenditure recognition All expeiiditure is accounted for on an accruals basis and has been ¢lassified und¢r headings that aggregate all costs related to the category. Expenditui'e is recognised whei'e there is a legal or consts'uctive obligation to make payments to third paitles, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Where costs cannot be dii'ectly attrÉbuted to a paili¢ulai heading they have been allocated to activities on a basis consistent with the use of the resoui'ces. Staff costs and ovei'head expenses arc allocated to activities on the basts of staff time sp¢nt on those activities. Fund-i'aising costs are those incurred in seeking voluntary contt'ibutions and do not include the costs of disseminating information in support of the chai'itable activities. 11:Iliit' A(] (le'.Il T41 As a charity, the company benefits fi'om various exemptions afforded by tax legislation, It is thei'efoi'e not liable to coi'poration tax on income or gains falling diie within those exemptions. Recoveiy is made of tax deducted from receipts undei. gift aid. Page 12
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (coiilliiiiecl) Tangible fixed assets and depi'eciation The cost of tangible fixed assets is theii. pui'chase cost, togethei. with any iiicidental costs of acquisition. Depi'eciation is calculated so as to write off tlie cost of tangible fixed assets, less theii. estiinated residual values, on a sti'aight line basis ovei. the expected useful economic lives of the assets concerned. The pi'in¢ipal anIiual i?tes used are as follows.. Equipment- Motor vehicles 2SO/o Sti'aight line 250/0 Straight liiie Whei'e tlie recoverable ainount of a fixed asset is found to be below its net book value, the asset is written down to the i'ecovei'able figuI'¢ and the loss oti impairment is recognlsed in the SOFA. Judgements and key sources of estRmation uncertainty The following judgements including those involving estimates have been made iii the process of applying the above accounting policies that have liad the most significant effect on the amounts i'ecognised in the financial statements and that have a signifIcant i'isk of causing a material adjushnent to the cai'rying ainounts of assets and liabilities within the next fiiiancial year: (i) depieciation inetliod aiid asset useful lives The estiinates aiid assumptions al'e J-¢viewed on an ongoing basis considei'ing the ciitrent aiid futuie market conditiolis. Going conLern The financial statements have been prepai-ed on a going concern basis. The Dii'ectoi's consider the basis to be appi'opriate assuming that the chai'ity has adequate financial support from the bankei's and related charities. Donatlons and legacies Uni'estricted Funds Total 2023 Uni'ests'icted Funds Total 2022 Donations Donations 71,131 71,131 71,131 60,708 60,708 71,131 60,708 60,708 Page 13
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 Othei. trading aetlvities Unrestrieted Funds Total 2023 Uni'estricted Funds Total 2022 Fundi-aising events Sal¢ of items 895 215 895 215 4,874 14,874 1,110 1,110 14,874 14,874 Income from investments Unrestricted ITunds Total 2023 Unrestricted Funds Total 2022 Int¢r¢st- bank 29 29 29 29 Analysfis of expenditure on charitable activxties AetRVitRes Undertalien directly Suppoi't costs Total 2023 Faith based nlissionary costs 73,993 2,551 76,544 76,544 73,993 2,551 Activities Undeitaken dii'ectly Suppoit costs Total 2022 Faith based missionaiy costs 65,275 3,254 68,529 68,529 65,275 3,254 Page 14
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 Allo¢atioii ofsupport costs Basis of Faith allocation missionary costs Faith Inissionaiy costs Total 2023 Total 2022 Govei'nance Office i'unning costs Depreciation Cost Cost Cost 934 758 859 934 758 8S9 835 700 1,719 3,254 835 700 1,719 2,551 2,551 3,254 Governance costs Unrestricted Funds Total 2023 Uni'esti'ioted Funds Total 2023 Independent examiner's fees Othei. financial costs Company Filing 816 79 39 816 79 39 762 73 762 73 934 934 835 835 Net {expenditure) / income for the yeai. This is stated aftei. charging.. Total 2023 Total 2022 Ind¢pendent examiner's i'emuneration: examination of the financial statements 816 762 Page 15
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2023 Directors, and key mAnagement personnel i'emuneration and expenses The key management personn¢l are ¢onsid¢itd to be the ti'ustees, The total remuneration received by triistees in the year was £Nil (2022 - £Nil), The tswstees did not hav¢ any expenses i'eirnbuiEed during the year (2022., None). 10. Staff costs and employee benefits Total staff costs were as follows: 2023 2022 Wages and salaries Social securKty costs Pension costs 26,425 26,425 793 793 27,218 27,218 Allocated to; 2023 2022 Faith based missionaiy costs 27,218 27,218 27,218 27,218 Particulars of employees: The average monthly nuinbei. of employees including the directoi's dui'ing the yeai. was as follows: Total 2023 Total 2022 Number of management staff Nun]ber of other staff No employee i'eceived remuneration of Inore than £60,000 diiring tlie year (2022.. None). Page 16
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 11. Tangible fixed assets Motor Vehlcle5 Equlpment Total COST At l April 2022 and 31 Mai'ch 2023 401 6,474 6,875 DEPRECIATION At l Apt'il 2022 Charge for the yeai. At 31 March 2023 351 50 5,665 809 6,016 859 401 6,474 6,875 NET BOOK VALUE At 31 Marcli 2023 At 31 Mai'ch 2022 50 809 859 12. Debtors: Amounts falling due within one yeai. 2023 2022 Gift Aid iEc¢ivabl¢ 5,590 5,590 13. Creditors: Amounts falling due wlthin one year 2023 2022 Other taxes and social secui'ity Acci'uals Othei. ci'editors 13 792 2,256 73 768 2,195 3,036 3,061 14. Pension Th¢ chai'ity opei'ates a defined conti'ibution pension scheine foi. employees. The assets of the scheme al'e held separately from tliose of tlie charity. The conti'ibutions paid by the chai'ity dui'ing the yeai. amounted to £793 (2022 - £793). At the balance sheet date outstanding payments to the fund totalled £176 (2022 - £176). Page 17
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 15. Unresti'icted funds Balance at l April 2022 Balance at Income Expenditure 31 March 2023 G¢neral Funds 73,059 72,241 (76,544) (76,S44) 68,756 73,059 72,241 68,756 Balance at l Api'il 2021 Balance at 31 Maith 2022 Income Expenditure General Funds 65,977 75,611 75,611 (68,529) (68,529) 73,059 73,059 65,977 16. Analysis of net assets between funds Tangfible fixed assets Net current assets Tolal 2023 Unrestricted Funds 68,756 68,756 68,756 Total Funds 68,756 Tangible fftxed assets Net curiEnt assets Total 2022 Uni'estricted Funds 859 72,200 73,059 73,059 Total Funds 859 72,200 Pgge 18
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 17. Reconciliation of net {expenditure} / income to net cash flow from operating activities 2023 2022 Net (expendittii'e)lincome foi. yeai. (4,303) 7,082 Depi'eciation of tangible fixed assets Intel'est i'eceivable (Inoi'ease)/d¢ci'ease in debtors Increase/(decrease) in creditoi's N¢t cash flow from operating activities 859 1,7l9 (29) (5,590) 25 (634) 8,138 (9,009) 18. Related party traiisaetioiis Dut'ing the yeai., Eggshell Cambodia paid a donation of £30.068 (2022: £29,772) to Child Haven Oi'ganization, Child Haven Oi'gaiiization is a iegistered LNGO in Cainbodia which has the same aim, of providing a secui'e and safe envii'onment foi. ¢hildi'en in Cambodia, who hav¢ been, al'e being, or are at rislc of being, exploited andlor ti'afficlced. Two employees of Eggshell Cambodia ai'¢ two of the foul. tISteeS of Child Haven Oi'ganization. 19. Company limited by guarantee The company is limited by guarantc¢ aiid has no shal'e capital. On a winding up members may be iEquired to conh'ibute a maximum of £1. Page 19