EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The directors have pleasure in presenting their report and the finaiicial statements of the charity for the year ended 31 March 2024. 1.he diTectors have adopt¢d the provTsions of the Statement of Recommended Practice (SORP) "Ac¢ounttng and Reporting by Charities (FRS 102) in pr¢paring the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set oiit in the notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities: Staiement of Re¢omm¢nded Practice applicable to Charities preparing their accounts ill accordance with the Financial Reportffing Standard applicable in the UK and Republic of Ireland issued iii October 2019, the Financial Reporting Staiidard applicable in the United Kingdom and R¢public of Ireland (FRS 102), the chAflty'S governing document, the Charities Act (Northern Ire1]d) 2008, Charities Act (Northern Ireland) 2013, The CharitÉes (Accounts and Reports) Regulations (Northern Ireland) 2008, Charitkes Act (Northern Ireland) 2013, The Charities {Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and IJK Generally Accepted Practice. REFERENCE AND.ADIKtNISTRATIVE DETAILS li Ref¢ren¢e and a(Iniinistrativ¢ d¢tiiils are shown in U)¢ schedule of members of thc board and protessional advisers on page l of the financAal ststements. THE DIRECTORS The directors of the charitable ComplY are its trustees for the purpose of cl12rity law. Tlie directors who served the company during the year were: Christopher Hart Carolyn K},le Martin Cjraham Esther Simpson Clare HarrAson Heathej. Jardine Gwen McBride Evelyn Jamison (appointed 2. October 2023) Michael Megarry was appointed as director of the company on 29 April 2024. PUBLIC BENEFIT STATEMENT The directors of Eggshell Cambodia confirm that they have had due regard for the guidance on Public Beneflt by the Charity Cojnmissioii for Northern Ir¢lattd and are pleased to report that diiring the year the charity continued to provide the Public Benefits through programmes and seiwices we offer. In particular, the directors consider how planned activities will contribute to the aiins and obj¢ctives th¢y have set. Public Benefi¢; Actively promote the advaiice of the Christian religion in Cambodia. Th¢ direLt beiiefits which flow from this purpose Include eiicouraging moral improvement, ¢lianges to social behaviour, good citizenship, adoption of Clirislian values, an understanding of tlie Christian faith dnd giving meaning to this life and hope of ¢t¢rnity. The charity aims to provide a secure and safe eiivironment for cliildten in Cambodia who have been, are beÈng, or are at risk of being exploAted and/or trafficked. These benefEts al'e demonstrated through feedback from local authorities, local community and parents. Pag¢ 2
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGElktENT Governing document Eggshell Cambodia is a charitable company limited by guarantee and does not have any share capital. It was incorporated on 8 May 2017 and registered as a charity with The Charity Commission for Northern Ireland on 16 October 2017. In the event ofthe company being wound up members are required to contribute an amount not exceeding £ I Recruitment, appointment, jDdMetion and training The directors regularly review the requirements of the charity and the possibility 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 available to all dir¢ctors. 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 appropriat¢, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are tninimised by the implementation of procedures for authorisation of all transactlons and projects. Procedures in place to ensure Compliance 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 AND ACTIVITIES Th¢ 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, enabl¢ment and provision for those who have been, are being, or are at risk of being exploited, with particular focus on children and youth. To promote and preserve good health, advance education and to relieve sickness and hardship by the Provision of funds and goods or services 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. Volunteers The charity is grateful for the unstinting efforts of its volunteers who are involved in all aspects of the charity's work. ACHIEVEMENTS AND PERFORMANCE Total income for the year amounted to £64,799 (2023.. £72,241). Income derived from donations and legacies amounted to £61,267 (2023: £71,131) and income from other trading activities amounted to £3,532 (2023: £1,110). Total expenditure for the year amounted to £79,283 (2023: £76,544). The cost of raising funds amounted to £Nil (2023: £Nil) and charitable activities amounted to £79,283 (2023: £76,544). The net expenditure for the year amounted to £14.484 (2023: £4,303 net expenditure). Page 3
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (¢ontlnued) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE (conlinued) As with all organisalions, Covid-19 has impacted on us and the world. We have continued to create a safe environment in order lo cary oil our charilable 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 tinie and the foreseeable future. This provides sufficient funds to cover running costs whieh include management, administyation and support Costs. Free reserves are thosp. unrestricted reserves not designed nor invested in fix¢d assets which are availabl¢ for general use. At 31 March 2024, the charity had total funds of £54,272 (2023: £68,756) of which £54,272 (2023.. £68,756) were uiirestricted and it had fr¢e reserves £54,272 (2023: £68,756). Funding The principal funding is from donations. PLANS FOR FUTURE PERIODS To continue witl) the ¢harity'S objectl ves of advancing Christian faith and helping vulnerable ¢hildren in Cambodia. RESPONSIBILITIES OF THE DIRECTORS The trustees (who are also the directors of Eggshell Cambodia for the purposes of company law) are responsible for preparing the Directors, Annual Report and the financial statements Én accordance with applicable law aiid United Kingdom Accounting Standards (United Kingdoin Geiierally Accepted Accouiiting Pra¢tice) including FRS 102 The Financial Reporting Standard applicable in the UK and RepublÉc of Ireland" Th¢ law applicable to charities in Northern Ireland requires the directors to prepare fthancial statements for each fiiiancial year which give a tru¢ and fail. view of the state of affairs of the charitable Con1plY and of the incoming resources and applicalioii of resources, including the income and expenditure, of the charitable coinpany for that per&od. In preparing these fJnan¢iAI statements, the dir¢¢tors are requir¢d to.. select suitable acLounting policies and then apply thejn consistently. observe the methods and principles in the Charities SORP 2019 (fRS 102); mak¢ judgements and accounting estimates that w'e i'easonable and prudcnt. state wheth¢r applicable UK Accounting Standards hav¢ been folloived, subject to any material departures disclosed and explained iii the financial stateinents; prepare the finan¢ial statements on the going concern basis unless it is Anappropriatc to presume that tlie charitable company WAII continue in operation. Th¢ trustees are responsible for keeping proper accounting records that disclose with reasonable ac¢uTa¢y at any time the fInaneial posilion of the charilable coinpany and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Act (Nortliem Irelaiid) 2008 and Th¢ Charities (ALcounts and Reports) Regulations (Northern Ire1id) 2015. The directors arc also responsible for safeguai'ding the 8ssets of Ihe ¢liaritable conipany and hence for taking i'ea8onabl¢ steps for the prevention and detection of fraud and other irregularities. Page 4
EGGSHELL CAMBODIA COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 RESPONSIBILITIES OF THE DIRECTORS (con14nued) The trustees are responsible for the maintenance and integrity of the COOrate financial infomiation included on the charitable company's website. L¢gislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In so far as the directors are aware.. there is no relevant inforniation of which the charitable company's independent examiner is unaware. and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant inforniation and to establish that the independent examiner is aware of that inforniation. INDEPENDENT EXAMINER GMCG Chartered Accountants has been re-appointed as independ¢nt examiner for the ensuing year. SMALL COMPANY EXEMPTIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Registered ofyice: 17 Mandeville Street Portadown BT62 3PB Signed by order of the trustees Martin Graham Director Date.. 2cJ2¥ Page 5