EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 The directors have pleasure in presenting their report and the fmancial statements of the Charity for the year ended 31 March 2023. The directors have adopted the provisions of the Stateinent of Recommended PractÉce (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The fInancial statements hav¢ been prepared in accordance with the accounting policies set out in the notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparitig their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the charity's governing document, the CharitÈes Act (Northem Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) R¢gulations (Northern Ireland) 2008, Ch2riti¢s Act (Northern freland) 2013, The Charities (Accounts and Reports) Regulations (North¢rn Ireland) 2015, Companies Act 2006 and UK Generally A¢¢¢pted Practice. REFERENCE AIqD ADMINISTRATtVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professional advisers on page l of the f￿anCIaL statements. THE DIRECTORS The directors of the charitable company ar¢ its trustees for the purpose of charity law. The directors who served the company during the year were: Christopher Hart Carolyn Kyle Martin Graham Alice Mccallum (resigned 29 August 2022) Esther Simpson Clar¢ Harrison Heather Jardine Gwen McBrid¢ (appointed I" February 2023) PUBLIC BEIYEFIT STATEMEwr Th¢ directors of Eggshell Cambodia eonfirni that they have had due regard for the guidance on Public BenefAt by the Charity Commission for Northern tr¢land and are pleased to report that during the year the chartty continued to provide the Public Benefits through programmes and servic¢s we offer. In particular, the directors consider how planned activities will contribute to the aims and obj¢¢tives they have set. Pul)lic 13Lnefit: this life and hope of eternity. The charity aims to PTovide a secure and safe envirorunent for children in Cambodia who have been, are being, or are at risk of being exploited an(Vor traffioked. These benefits are demonstrated through feedback frozn local authorities, local community and parents. Page 2 EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Eggshell Cambodia is a charitable Company limited by guarantee and does not have any share capital. It was incoryorated on 8 May 2017 and registered as a charity with The Charity Commission for Northern Ireland on 16 October 2017. In the event of the company being wound up members required to contribute an amount not exceeding £ I Recrnitment, appointment, induction and training The directors regularly review the requirements ofthe charity and the possibilkty of a need for additional directors. Any new directors would be appointed by resolution of a meeting of all the directors passed by a majority of those present. Appropriate training and induction is availabl¢ to all directors. Risk management The directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate an exposure to major risks. Where appropriate, systems or procedures have been established to mititrate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and prOj￿ts. Proc¢dures are in pEaee to ensure complian¢¢ with health and safety of staff, volunteers, clients and visitors. These procedures are periodically reviewed at Least annually to ensure that they continue to meet the needs of the charity. Organisation Structures The directors oversee the running of the organisation. OBJECTIVES AM) ACTtVlTIES The objectives and principal activities of the charity are the advancement of the Christian faith in Cambodia and in other parts of the world as the Trustees may from time to time think fit. To provide protection, enablement and provision for those who have been. are being, or are at risk of b¢ing exploited, with partÉcular focus on Children and youth. To promote and preserve good h¢alth, advance education and to relieve sickness and hardship by the provision of funds and goods or servic¢s of any kind, through the provision of shelter, support, rehabilitation and training in Cambodia and in other parts of the world as the Trustees may from time to time think fit. Volunteer5 The charity is grateful for the unstinting efforts of its volunteers who are involved in all aspects of the charity's work. AC:ki IF.I/F.Ii Ifi,NT.% AND pr.R TrORMANcr Total expenditure for the year amounted to £76,544 (2022.. £68,529). The cost of raising funds aJnounted to £Nil (2022: £Nil) and ¢haritable activities amounted to £76,544 (2022.. £68,529). The net expenditure for the year amounted to £4,303 (2022.. £7,082 net income). Page 3 EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE (continued) As with all organisations, Covid-19 has impacted on us and the world. We have continued to create a safe environment in order to Carry on our charitable activities. FINANCIAL REVIEW Reserves policy It is the policy of the charity to maintain free reserves which matches the needs of the trust, both at the current time and the forese¢able future. This provides sufficient funds to cover running costs which include manag¢menL adminÈstration and support costs. Free reserves are those unrestrict¢d reserv¢s not d¢signed nor invested in f￿¢d assets which are available for g¢n¢ral use. At 31 March 2023, the charity had total funds of £68,756 (2022: £73,059) of which £68,756 (2022: £73,059) were unrestricted and it had free reserves £68,756 (2022: £72,200). Funding Th¢ principal ￿ndIng is from donations. PLANS FOR FUTURE PERIODS To continue with the charÉty's objectives of advancing Christian faith and helping vulnerable children in Cambodia. RESPONSIBtLrfIEs OF THE DIRECTORS The trustees (who are also the directors of Eggshell Cambodia for the puryoses of company law) are responsible for preparing the Directors, Annual Report and the ftnancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in Northern Ireland requires the directors to prepare fmancial statements for eaoh financial year which give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these fInancial statements, the directors are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in thc Charities SORP 2019 (FRS 102). make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Aocountlng Standards have been followed, subject to any material departures disclosed and explained in the financial statements. i)i-epare tlie fiiiaiicial stateinents 011 the going COTicei-n l)asis lin lesq it 19 11)ai)propi'iate to pre£iiine dLLUI'aGy al aiiy liiiiL' IIIL li114iiLidl pubiliuii oi IliL Lli