EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds 2024 Total 2023 Totsl Note Income from: Donations and legacies Other trading activities Total inoome 61,267 3,532 61267 3,532 64,799 71,131 1,] 10 72,241 64,799 Expenditure on: Charitable activities 415 (79,283) (79,283) (79,283) (79,283) {76,544) (76,544) TotAI expendlture Iyet expenditure (14,484) (14,484) (4,303) RecolleiliatioD of funds: Total funds brought fonvard Total fund8 Cydrried forward 68,756 68,756 54,572 73,059 68,756 54.572 The Statement of Financial Activiltes includes all gaiiis and loss¢s in the financial period. All of the above amounts r¢late to continuing acttvities. Page 8
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MARCH 2024 2024 2023 Fixed assets Tanoible assets Note 10 Current assets Debtors Cash at bank 11 1,548 58,205 59,753 (5,481) 5,590 66,227 Creditors: amounts falling due within one year 71,817 12 ().061) Net current assets 54272 68.756 Total assets less current liabilities Net assets 54272 68,756 54272 68,756 Charity funds Unrestricted ndS Total funds 14 54,272 68,756 54,272 68,756 These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with CharitTes SORP (FRS 102). The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year ending 31 March ?024 by virtue of section 477(2) relating to small companies, and that no member or members have requested an audit pursuant to section 476(1) of the Act. The directors acknowledge their responsibilities for: (i) ensurin(y that the company keeps adequate accounting records which comply with section 386 of the Act, and (li) preparing financial statements which iyive a true and fair view of the state of affairs of the compaiiy as at the end of the financial year 31 March 20?4 and of its surplus or deficit for the financial year ending i l March 2024 in accordance with the requirements of section J93. and which otherwise comply with the requirements of the Act relating to financial statements. so far as applicable to the company. These financial statements were approved by the members of the committee on the li and are signed on their behalf by: Martin Graham Director Date.. Evelyn J Director Date.. ison .14.Iii.l.k*. Company Reoistration Number: N1645626 Page 9
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Not Cash lloiv from operating activities Net cash flow from operating activities Cash flow from investing activitie5 Int¢rest fi'om investments 16 (8,022) (8,022) (9,009) (9,009) Net cash flow from investing aclivitles Net decreftse in ¢Ash alld cash equivalents (8,022) (9,009) Cash and cash equivalents at l April 2023 Cash and cash equivalents at 31 March 2024 66,227 75,236 58,205 66,227 Cash and cash equlvalents consist of - Cash at bank and in hand 58,205 66,227 Cash and cash equivalenls at 31 March 2024 58,205 66,227 Page 10
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES General Information and basis of accounting Eggshell Cambodia is a charitable company limited by guarantee and does not have any sha capital. It registered as a charity with The Charity Commission forNorthern Ireland on 16 October 2017 and it is incorporated in Northern Ireland. The address of the registered offAce is given in the charity infoTmation on page l of thes¢ financial statements. The charitable company constitutes a public benefit entity as defined by FRS 102. Statemeut of con)pli2nce The financial statements have been prepar¢d in accordance with applicable accounting standards, Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing 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 Charities Act (Northern Ireland) 2008. Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. The flnancial statements are prepared on a going ¢onc¢m basis under th¢ hAStorical cost convention, modified to include certain items at fair value. The fmancial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies are set out below. The directors consider that these accounting policies are suitable, have been consistently applied and are supported by r¢asonable and prudent judgement and estimates. Fund accounting- unrestricted funds The company's unrestricted funds consist of a General Fund which is expendable at the discretion of the directors in furtherance of the charitable objects of the company. The directors may at their discretion designate funds for specific purposes but the designation does not legally restrict the directors, discretion to apply the funds. neome recognition All income is included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any perforn)ance conditions have been met, the amount can be m¢asured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfonnance before entitlement can be obtained then income is deferred until those conditions fulEy met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair valu¢ when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is deterniined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. Page 11
Page 11 EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNT]NG POLICIES (eontliiued) lllcome recognfition (comlinued) No nOUn1 is inclLided in th¢ financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given Én th¢ Directors, Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are incliid¢d in stock and donations in th¢ flnancial sÉateinents upon receipt. If it is impracticable to ass¢,>S the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair valu¢ is recognised as a componcnt of donations when it is distributed and an equivalent amount recognised as charitable expendAtt]re. Volunlary income received by way of donati()ns and gift is credited to rev¢DU¢ on a receivable basis. Fixed asset gifts in kind aTe recognised when receivable and arc included at fair value. They are not deferred over the life of the asset, For legacies, entitlein¢nt is the earlier of the charity being notkfied of an impending distribution or tlie legacy being received. At this point income is reColIsed. On occasion legaci¢5 will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, tlie legacy is treated as a Contingent asset and disclosed. Investment incoine is interest earn¢d through holding cash at bank. Interest income is recognised when receivabl¢. Expenditure recognition All ¢xpenditure is ac¢ount¢d for on ac¢ruals basis and has been classified under headings that aggregat¢ all costs related to the category. Expenditure is recognised where there is a legal or constructive obligatioii to inake paymeiits to third paities, it is probable that the settlem¢nt will be reqitired and the amount of the obligatioii can be measured reliably. Where Costs cannot be directly attributed to a particular heading they have been allocated to activities oil a basis consistent with the use of the resources. Staff costs and overhead expenses are allocated to activities on the basis of staff titn¢ spent on tliose a¢tivÉties. Fund-raising costs are thobe incurred in seeking voluntary contributions and do not include the costs of disseminating inforniation in support of the chariiable activities. Value Added Tax The charity is not registered for VAT purposes, therefore expendittire is shown gross of VAT. Taxation As a Lhayity, the company benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falliiig due within those exemptions. Recovery is made of tax deducted from receipts under gift aid. Page 12
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (conlinued) Tangible fixed assets and depreciation The cost of tangible fixed assets is their purchase cost. together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated r¢sidual values, on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows: Equipment- Motor vehicles 25% straight line 250/y straight line Where the recoverable amount of a fixed asset is found to be below its net book value, the asset is written down to the r¢coverable figure and the loss on impairnient is recognised in the SOFA. Judgements and key sources of estimation uncertainty The following judgements including those involving estimates have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.. (i) depreciation method and asset usefijl lives The estimates and assumptions are reviewed on an ongoing basis considering th¢ current and future market conditions. Going concern The financial statements have been prepared on a going concern basis. The Directors consider the basis to be appropriate assuming that the charity has adequate financial support from the bankers and related charities. Donations and legacies Unrestricted Funds Tolal 2024 Unrestricted Funds Total 2023 Donations Donations 61267 61,267 61,267 61267 71,131 71,131 71,131 71,131 Page 13
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Other trading activities UDresti'icted Funds Total 2024 Unre5tri¢ted Funds Total 2023 Fundraising events Sale of items 3,022 sio 3,022 sio 895 215 895 215 3,532 1,110 1,110 Analysis of expendlture on Charltable Activities Aetivities Undertaken directly Support Costs Total 2024 Faith based missionary costs 77,448 1,835 79,283 77,448 1,835 79,283 Activities Uiidertaken d&rectly Support costs Total 2023 Faitli bascd missionary costs 73,993 2,551 76,544 73,993 2,551 76,544 Pgge 14
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Allocation of support costs Basis of Faith allocation missionary costs Faith missionary costs Total 2024 Total 2023 Governance Office running costs Depreciation Cost Cost Cost 938 897 938 897 934 758 859 934 758 859 1,835 1,835 2,551 2,551 Governance costs Unrestricted Funds Total 2024 Unrestricted Funds Total 2023 Ind¢pendent examiner's fees Oth¢r financial costs Company Filing 852 86 852 86 816 79 39 816 79 39 938 938 934 934 Net expenditure for the year This is stated after charging: Total 2024 Total 2023 Independent examiner's remuneration: examination of the financial statements 852 816 Page 15
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 & Directors, and key management personnel remuneration and expenses The key manag¢ment personnel are considered to be the trustees. The total remwieralion receivd by trust¢¢s in the year was £Nil (2023 - £Nil). The trustees did not have any expens¢s reimbursed during the year (2023.. None). Staff costs alld employee benefits Total staff costs were as follows: 2024 2023 Wages and salaries Social security costs P¢nsion costs 27,165 26,425 815 793 27,980 27,218 Allocated to.. 2024 2023 Faith based missionary costs 27,980 27,980 27,218 27,218 Particulars of employees: The average monthly number of employees ii)cludiThg the directors during the year was as follows: Total Total 2024 2023 Number of management staff Number of other staff 10 No employee received reinuneration of more than £60,000 during the year (2023.. None). Page 16
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Motor Vehicles Equipment Total COST At l Apri12023 and 31 Mareb 2024 401 6,474 6,875 DEPRECIATION At l April 2023 and 31 March 2024 401 6,474 6,875 NET BOOK VALUE At 31 March 2024 and 31 March 2023 11. Debtors: Amounts falling due within one year 2024 2023 Gift Aid receivable 1,548 5,590 1,548 12. Creditors: Amounts falling due within one year 5,590 2024 2023 Other taxes and social security Accruals Other creditors 17 3,149 2J15 13 792 2,256 5,481 3,061 13. Pension The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. The contributions paid by the charity during the year amounted to £815 (2023 - £793). At the balance sheet date outstanding payments to the fund totalled £181 (2023 - £176). Page 17
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 14. Unrestri¢t¢d funds Balance at l April 2023 Balance at Income Expenditure 31 March 2024 General Funds 68,756 68,756 64,799 (79283) (79,283) 54272 54272 64,799 Balaiice at l Aprtl 2022 Balance at Expenditure 31 March 2023 Income General Funds 73,059 73,059 72,241 (76,544) (76,544) 68,756 68,756 72,241 15. Analysis of net assets between funds Tangible fixed assets Net current assets Total 2024 Unrestricted Funds 55,051 55,OSI Total Funds 55,051 55,OSI Tangible fixed Net current assets asset5 Total 2023 Unrestricted Funds 68,756 68,756 Total Funds 68,756 68,756 Pgge 18
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 16. Reconciliation of net expenditure to Det casb flow from operating activities 2024 2023 Net expenditure for year (14,484) (4,303) Depreciation of tangible red assets Decrease/{increase) in debtors Increase in creditors Net cash flow from operating activities 859 (5.590) 25 4,042 2,420 (8,022) (9,009) 17. Related party transaetions During the year, Eggshell Cambodia paid a donation of £31,971 (2023: £30,068) to Child Haven Organization. Child Haven Organlzation is a registeTrd LNGO in Cambodia which has the same aim, of providing a secure and safe ¢nvironm¢nt for children tn Cambodii who have been, are being, OT are at risk of being, exploited andlor trafflcked. Two employees of Eggshell Cambodia are two of the four trustees of Child Haven Organization. During the year, the company received donations totalling £2,670 (2023: £2,440) from the directors. 18. Company limited by guarantee The company is limited by guarantee and has no share capital. On a winding up member5 may be required to contribute a maximum of £1. Page 19