Save The Schools
(A company limited by guarantee)
Trustees' report
For the Year Ended 31 July 2024
The Trustees present their annual report together with the financial statements of the Save the Schools for the 1 August 2023 to 31 July 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The charity has continued its donations to various schools in Nepal as part of its commitment to support in education sector specially in rural areas in Nepal.
c. Main activities undertaken to further the Company's purposes for the public benefit
Donations raised in the UK from individual and institutions. The charity makes grants to various schools for educational purpose and focus mainly on providing marker and white boards for classroom.
Achievements and performance
a. Main achievements of the Company
Incoming resources for the year totalled £305 (2023: £1,227). Total resources expended amounted to £366 (2023: £1,424) resulting to deficit £61 (2023: £197).
At the end of the year, the charitable company had unrestricted reserves of £130 (2023: £191).
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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.
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