Professional Documents
Culture Documents
Childreach Annual Report 2015 - 2016
Childreach Annual Report 2015 - 2016
Childreach
Annual Report
2015—2016
Page 2 Childreach International 1132203
Contents
Financial statements 34
* All names of Children showcased or mentioned have had their names changed to protect their identity.
It is a great pleasure to be writing my first letter to you all as Chair of the Board of Trustees at
Childreach International. The increasingly difficult climate for charities in the UK has been well
publicised and Childreach has not been immune to some of the challenges which that has presented.
2015/16 therefore proved to be another mixed year, with the excitement of some significant successes
across our Global organisation somewhat tempered by another period of challenging financial results.
Internationally, our affiliated country offices continued to grow the strength, depth and reach of their
work with several new projects added to our existing portfolio of innovative and award winning
programmes across Tanzania, Nepal, Brazil, India and Bangladesh. In Nepal, our efforts continue to
focus on the earthquake response and thanks to an incredible response to our fundraising appeal and
with the help from other funders and donors, Childreach Nepal have opened 86 new, earthquake
resistant, classrooms in the remote communities of Sindhupalchowk, replacing the temporary
structures we put in place in the immediate aftermath of the quake. Thanks to these efforts, over 3,000
children are now completing their education in a safe, purpose built environment.
Our work in Tanzania continues to go from strength to strength. Alongside our affiliate offices existing
work, two significant new programmes launched this year. The success of the School Farming
programme attracted the attention of the World Food Programme, who have made Childreach Tanzania
their local partner to manage the nutritional component of the ‘Maisha Bora’ food programme in
Northern Tanzania. With the support of The Deutsche Gesellschaft fur Internationale Zusammenarbeit,
the Fit for School programme is working to improve the health of over 9,000 children with improved
sanitation facilities and awareness of the importance of hygiene.
2016 was an exciting year for Action for Brazil’s Children (ABC) our newly merged Brazilian entity, with
the Rio Olympics an obvious focus. Our breadth of programmes supporting children in some of Brazil’s
poorest slums continued and was given a significant publicity boost with the production of a film which
was screened on all British Airways flights for a year from February 2016, with around 1 million views
per month.
In the UK, we continued to build awareness of our work and the issues facing Children around the globe;
with a focus on child trafficking through the ‘Taught Not Trafficked’ campaign and our partnership with
the award-winning film ‘Sold’ which went on release in the US in 2016. In November Gillian Anderson
recorded an appeal for Childreach on Radio 4 which raised over £27k and she continues to be an
advocate and supporter of our work. In March, we hosted an event at the House of Commons, both to
thank our supporters who donated to our Earthquake appeal but also to raise awareness of the issue of
trafficking with the UK government. As a result, questions were tabled by Lord Alton and the Rt. Hon
David Burrows challenging the government on the impact and use of funds to combat child trafficking
and support Nepal in the period after the earthquake.
Our principle source of unrestricted funds continues to be student challenges and we had a successful
season with almost 600 students travelling overseas to undertake adventure challenges - a 20%
increase on 2014/15 - alongside the initiation of a promising new income stream from UK based
challenge events. However, the impact of a large number of deferrals from 2014/15 as a result of the
Nepal Earthquake added to our costs, resulting in a loss over the financial year leaving our unrestricted
reserves in a challenging position. The Trustees are focused on improving the financial resilience of the
charity and rebuilding our financial reserves in line with our policy.
Finally, it is as ever important to recognise that none of this would be possible without the unceasing
hard work of our staff and volunteers and the generosity of our many supporters and donors and who
selflessly offer up their time, talents and financial support. As we continue to work together to help
make the world a safer, brighter and more exciting place for children to grow and develop we are
grateful for your support.
In 2013 we set out a number of strategic initiatives and as we come to the end of 2016, I am pleased to
report that we have made good progress towards delivering against those. Our affiliate offices and
international development partners have delivered innovative and impactful projects and programs to
improve children’s access to healthcare, education and child protection; campaigned to restore
children’s rights using our collective global voice to influence decision makers to act; established a
global movement of child rights supporters and most importantly, empowered children, their families
and communities to create positive change in their own lives.
During the year, I had the privilege of visiting our projects in India, Nepal, Tanzania and Brazil to see first
-hand the important work being carried out there. I had thought-provoking interactions and meetings
with children, young people, parents and government officials as well as with the incredible people who
implement the projects and lead our partner organizations under extremely challenging circumstances.
I am constantly amazed by their resilience and passion which they bring to their work on a daily basis
and how they continually face their daily challenges with patience and find their own solutions to their
problems. The impact of our initiatives is visible in children, families and their wider communities where
we work.
On reflection, two notable highlights from the year are the independent evaluation of our work in
Tanzania over the last five years, and the independent evaluation of our work in India by faculty
members from the University of East London, the results of which we shared with our stakeholders.
Overall, the findings were very encouraging and lessons learnt have been disseminated. As we move
forward, we plan to commission more evaluations of our work over the coming year to ensure our
programs are having the maximum impact possible.
As we look to the future it is important to remember that the landscape for international NGOs has
been changing rapidly with record numbers of charities closing, entering coalitions, partnership
agreements and merging to continue their work to find greater economies of scale and impact.
Alongside this, the UN General Assembly launched their Sustainable Development Goals in September
2015. Facing into these new challenges has encouraged us to take a fresh look at the future shape of
the organisation, considering both the role of the UK office within the wider Childreach family and how
we can genuinely add value to our overseas affiliate offices and partner organisations. Looking forward,
our primary focus will be to continue to support our affiliate offices & partners . We will also continue to
encourage our affiliate offices to become increasingly self-sustaining; covering all their overheads from
their own income and hence building greater financial resilience within the organisation.
Our own performance in the year was disappointing and has called into question our own financial
resilience going forward. The management team and the board have worked very hard to identify a
workable financial model to take us to a brighter future. This model is not without risks and challenges
and these are articulated in the going concern noted.
Finally, I would like to say thank you to all our generous supporters, who despite difficult economic
times continue to support us and invest in future generations of children around the world. Our work is
possible because of you, so thank you.
We don’t like short-term fixes. That’s why children, schools and communities
are at the heart of everything that we do. When this happens, children’s
needs are met, children understand their rights, and children have the
confidence to campaign for their rights to be realised.
has continued to prioritise increasing children’s access to education, keeping them safe from
exploitation, child labour and human trafficking.
After forming a Memorandum of Understanding with the Nepali Department of Education, we
built new earthquake resistant classrooms at destroyed schools in the Sindhupalchowk
district. Over the last year we have succeeded in constructing and opening 86 classrooms .
Thanks to the support of our donors, and the relentless hard work of our Nepali team, 3,124
children now have safe, warm spaces in which to continue their education. Thus, we have seen
a 50% increase in enrolment at these partner schools since our initial surveys following the
earthquakes.
Engaging children in discussions on their rights
Only 3 in every 10 children in Nepal are given the opportunity to play sport. We understand
the value that sport, particularly team sport, plays in providing a physical and social outlet for
young people, as well as a chance for personal development and the formation of new
friendships.
Our Sports Initiative (in partnership with Coaches Across Continents) uses sports and games
as tools for development, and aims to provide not just technical skills but to support the
holistic development of children through sport activities. We held workshops that addressed
social discrimination and injustices, as well as attitudes towards education and gender roles.
We also held our annual Childreach Fiesta, which brought together 24 children from 12
schools to present their views on why children drop out of school, including child labour, early
marriage, corporal punishment and human trafficking. The event resulted in an agreement
being signed by the Headmasters of the 12 schools to ban corporal punishment of their
students.
Improving children’s health
This year we have continued working at the Meera Centre, our model early childhood
development centre in Sankhu village, by providing regularly paediatric and gynaecological
health camps. Children from the centre, as well women and children in the surrounding
villages visit the centre for fortnightly check-ups with a doctor from Dhulikhel Hospital.
We’ve never been financially well off, scraping by each year and facing the threat of poverty.
That is why my siblings left school to find work. I have been studying for the last eight years,
but I am constantly distracted by my family’s situation. These days, I rarely attend classes be-
cause I also need to work to help provide for my family. Mostly I fish and sell the catch to the
villagers. The money I make is split between school fees and money for home. It’s really hard to
manage both work and school, but I enjoy school and I know that if I get a better education I
can get a better job. I have always dreamed of becoming a maths teacher.
I’ve seen the work of Childreach Nepal at our school since I started. When I joined Class 7, I
started coming to their Sports Initiative workshops. Not only did I get to learn the actual rules
behind football (as opposed to just kicking the ball around like I used to), the workshops
helped me to understand bigger issues in our community – like gender discrimination and hu-
man trafficking. I stayed in the club for two years, but then had to drop out to work more. One
day, I hope to return the club.
Although I rarely have the time to attend school, I have been greatly enjoying studying in our
new classrooms from Childreach Nepal. They feel safer and warmer, and I can concentrate bet-
ter. In fact, this week I have been able to attend school all day, every day. I’m hoping to be able
to keep this up and pick back up where I left in the Sports Initiative.
Creating My Story
Implemented by Fazendo Historia
We use art and storytelling to help children living across eight shelters to overcome trauma,
improve their literacy levels, understand their history and goals for the future. This year we
have helped to strengthen the shelters’ ability to provide tailored care for the children,
supporting their emotional and cognitive development. We empowered the children and
young people to build positive relationships and take ownerships for their life decisions.
Healthy Choices
Implemented by Viva A Vida
Healthy Choices transforms the lives of young people and children at risk of drug abuse and
violence, empowering them to
make healthier choices in their lives.
Through education and arts,
teenagers learn to make positive
decisions, to avoid drug use and
gangs, and to become agents of
change in their own communities.
We helped 112 students to develop
their own life plans, and
empowered 24 young people to
form a leadership group that raises
important issues such as bullying,
racism, violence, drugs and
homophobia. Our theatre classes
not only teach drama skills, but they
also reduce the risk of drug abuse
by creating strong bonds between the students, allowing them to freely express themselves
and share their concerns.
Children’s Cultural Centre
Implemented by INATOS
This project provides children aged 4-10 years with the opportunities to further engage with
the arts, cultural activities, IT, and music, as well as classes in English and Portuguese. We
focus on their freedom of choice and ability to express themselves. They are taught their
rights and duties as citizens, invoking an interest in learning.
Strikers for Peace
Implemented by: Terra Dos Homens
Implementing partner: Coaches Across Continents
In March 2016, we launched a new 3-year project in the Mangueirinha community in Rio de
Janeiro. Strikers for Peace reduces violence between children and adolescents through a
Sport for Social Impact approach. Not only do we provide sport activities, we also take the
opportunity to address conflict resolution, human rights and social development. Between
March and August 2016, we held two football classes a week with 72 children.
One day, when the project's youth monitor, João, was walking towards the sports court with
the rugby teacher Lucy, they came across a young boy who was carrying a bag full of recycled
materials. Noticing that the child was curiously looking at the rugby ball he was holding, João
went to the boy and introduced himself and Lucy.
Anderson thought João was holding an American football, so they started talking about it and
Lucy answered all questions he had on rugby. Given his interest for this sport he had never
heard of, João and Lucy invited him to come with them to the rugby class, but Anderson
explained that he was helping his family to collect recycled bottles and other materials to be
sold. João gave him a timetable to the classes closest to his house and suggested he tried
coming another day.
A few days later, he showed up to one of the classes and ended up registering on the project
and attended regularly. At first, he used to be quite shy and suspicious of others, but he was
interested in the activities. The coach gave him time to adapt to the new sport whilst engaging
with the other group exercises included in each class.
Now, Anderson interacts with others, takes part in the rugby games, and he also started
attending the football classes. Due to his passion for rugby, he was chosen to be one of the 15
teenagers who participated in the II Try Rugby Festival in the state of Santa Catarina,
competing with other rugby players from all over the country.
By participating regularly in the project, Anderson could convey the importance of playing
sports to his family, who noted his personal growth throughout the year. João was also able to
have a conversation with Anderson’s mother regarding Anderson working at gathering
recycled materials; she said it was Anderson’s father who asked him to help, but she promised
that Anderson would not have to do this chore anymore. Since this conversation, the project’s
staff were happy to realise that the conversation and the project’s methodology had been
fruitful and they never saw Anderson collecting recycled materials anymore.
Page 16 Childreach International 1132203
India
Endangered Gender
Implemented by: Childreach India
Girls and women are discriminated against around the world; they are forced into early
marriages, denied their right to an education and sexually assault daily. In India, this
discrimination is particularly reflected in discrepancies in the sex ratio of the country. Despite
its illegality, it is estimated that up to 100,000 babies a year are aborted because of their
gender. Due to this problem, the world is currently deprived of over 100 million women and
India is now moving towards a gender-imbalanced society.
The practice has many social implications; women are bought, sold and resold, abducted and
sexually exploited. It also leads to people marrying at a younger age and the implementation
of harsh control measures on women. The emotional impact on women is also huge, as they
end up feeling like outsiders.
Endangered Gender consists of a group of local mothers and grandmothers who act as social
activists within their communities. They build up lasting relationships that allow them to keep
track of the number of pregnancies and new mothers in their areas. Their role is to encourage
new mothers to access pre-natal care that would improve both their health and that of their
child. The social activists also tackle the issues of gender, helping to demonstrate the
positivity of having a daughter, and realising the value of being a girl. This year, the activists
visited around 1,000 households each month, and helped to ensure that 656 babies were
safely born in hospitals and 1,885 children received vital vaccinations.
We also formed a Girl's Action Group, consisting of teenage girls who are taught about issues
relating to girls, women's rights, education, adolescent health, personal development and
career opportunities. These girls were then empowered to take on responsibility for
spreading their knowledge to the wider community. They also took on the role of keeping an
eye on the children around them, ensuring that they were being sent to school and being
treated properly. In addition to this they provided tutoring for younger children who were
struggling at school.
Page 17 Childreach International 1132203
India
Whilst evaluating our work in Hisar, we met two little girls, Amita and Geeti, who were little
more than a year old, along with their mothers and grandmothers.
Geeti and her mother arrived, sat down without speaking to anyone. Geeti was wearing
tattered gray trousers and a second-hand jumper. She lay in her mother’s arms, and when she
grew fussy her mother tucked her in under her sari for a feed.
Amita is adopted. Her mother has been married for more than 15 years, during which she was
unable to conceive. She and her husband tried a variety of medical treatments but none
worked, so they decided to adopt a little girl. Amita’s grandmother told us that when her
daughter-in-law had the idea of adopting a baby girl, she was sceptical, but she went to visit
this baby, one-month old at the time, and the moment she laid eyes on her, she fell in love
and told her daughter-in-law to go ahead and bring Amita into the household.
In contrast, Geeti’s father has rejected his wife because Geeti is a girl. His mother took his wife
for a scan when she was six months pregnant. When they learned that she was expecting a girl,
the woman’s mother-in-law told her to abort. They began a series of medical procedures that
involved electroshock intended to force her to miscarry. She didn’t want to miscarry though,
and eventually returned to her mother’s house. When she gave birth to a girl, her husband
rejected her and her mother-in-law told her that if Geeti ever enters her home, she will be
killed.
However, her husband will not give her a divorce, either. He is living with another woman, but
refuses to allow his wife to move on, or access government benefits for a woman in her
situation.
Amita life is surrounded by an extended family who love her. Reasonably well-off in
their community, they enjoy the respect of their neighbours. Her mother, in her early thirties, is
thrilled to finally have a child on whom to pour out her love and affection. She dotes on Amita,
choosing her clothes carefully and proudly presenting her in social gatherings.
Geeti lives in a quiet, poor home, with only her mother and her mother’s mother. In her late
teens, Geeti’s mother left school before completing her basic education and, while experienced
in stitching, does not have any ideas about where or how she may find gainful employment.
Because of the shock therapy while in the womb, no-one is sure whether Geeti or her mother
have sustained permanent damage.
As our gathering ended, people - including her paternal grandmother - took turns giving Amita
a cuddle and cheering her on as she practiced walking. Geeti’s mother handed her to her
mother, and she lay listlessly in her maternal grandmother’s arms, barely responding to her
touch and without cracking a smile.
By meeting Amita and Geeti, we saw the significance of valuing girls. Geeti, whose father and
paternal grandmother rejected her now lives in a home where there is little happiness and a
great deal of fear. Amita, whose parents not only accept her but who also enthusiastically
embraced her, knows that she is loved. Not only that, but her mother and grandmother
themselves were confident and content women. Our objective of raising the value of girls
throughout the community is still an ongoing need, and we will keep working to make it a
reality.
These centres are a space where children can learn and develop through play. They also
support mothers by teaching them about their child’s development.
The growth of garment factories in Bangladesh offers more opportunities for women to find
work. Our child-care centres allow them to become active earners in their household whilst
ensuring that their children are safe.
Organisational structure
Childreach International operates through a global network of implementing partners and
locally registered, independent, affiliate organisations. They liaise closely with Childreach
International in the UK within a formal reporting and monitoring framework that ensures all
offices work towards the same core strategic objectives.
Our working relationship with affiliates and implementing partners ensures the appropriate
utilisation of funds provided for our programmes.
As all affiliate offices are separate independent legal entities in their own jurisdictions, their
results are not included within these accounts.
Action for Brazil’s Children Trust became a wholly owned subsidiary of Childreach International
in 2015. Action for Brazil’s Children Trust works in partnership with local communities on
several projects aimed at improving the lives of children in four Brazilian cities.
Our affiliates
The inauguration of our international partner organisations has formed an integral part of our
strategy to improve the reach and capacity of our work. The global organisation is represented
by offices in India, Nepal and Tanzania that are run by local staff, overseen by Trustees from
the local communities and governed by local legislation, so are independent from Childreach
International.
Childreach International has been able to exercise more precise monitoring and evaluation
measures through its international affiliate organisations, ensuring the programmes and
projects we support can adapt and develop to better meet the requirements of the local
communities. We have been able to improve training and capacity building techniques within
each office, extensively developing the skills and technical abilities of the staff in areas
including finance, IT and programme management.
Co-operation between our UK and international affiliates utilises our collective strengths.
Local staff speak local languages and dialects, understand the most pressing local needs and
remain close to programme and project sites, enabling issues to be dealt with more quickly. UK
staff provide assistance and support to local staff, bringing a wealth of policy expertise and
international development project management.
What We Do
Our charitable aims are put into practice by ensuring that all children in the areas where we
work enjoy at least a minimum standard of nutrition, safe drinking water, sanitation,
healthcare and the opportunity to go to school and to acquire the life skills to earn a secure
livelihood.
Where we work is decided by taking into account the following factors:
• Data on relative levels of poverty for countries across the world
• Information from partners and affiliate organisations about areas not well served by
other NGOs and international support
• Where our input is most effective
• Availability of local partners and their willingness and capabilities to work with us
• The degree of stability, safety and security in operation
• We deliver our charitable aims in five ways:
• Through Childreach International affiliates in India, Nepal and Tanzania
Our programmes
Our programmes help us achieve our vision. Each programme has its own overall objective,
realised through pioneering grassroots projects which focus on improving health, education,
child rights and child protection. Guided by our underlying principle of community-based
development, they operate using two highly effective approaches; either through
implementation by Childreach International, our affiliates, or through strategic partnerships
with locally established NGOs and community-based organisations.
Fundraising
We believe that our fundraising activities are about more than just financial resources. Our
revenue streams are designed to create active participation, not just donors. Our supporters
are part of the process; from their initial financial input, through to the implementation of our
programmes.
The methods we use are found throughout the charitable sector; however, what makes us
different is the way we deliver our fundraising models. With Childreach International,
fundraisers develop a sense of ownership of the work delivered on the ground.
Futurebuilding, Big Builds and Challenge Events provide an income that is almost entirely
comprised of unrestricted funding. Thousands of people participate and raise funds for us.
However, effective training, inspiring leaders and life-changing expeditions turn these
individuals into more than just fundraisers.
They also have an experience which will give them a wider knowledge of the world and
become advocates for children’s rights and global change.
Childreach International is dedicated to accountability, best practice and the belief that
fundraising is about engagement and awareness. Our success this year can be attributed not
only to those who have given money, but also to those who have given their time.
Gifts in Kind
A grant from Google for Adwords ($10,000 a month)
Account management of our Google Adwords from Periscopix (£14,400)
Support management of Search Enginge Optimisation for our website by Total SEO (£4,740)
With special thanks to Reading Nepalese Society, Steve Atack, Gerry Holingswroth, iProbono,
Fieldfisher, Total Insight Theatre and Erica Dezonne for their contributions through goods and
services this year.
Income and expenditure more robust model that can take the
Charity back to its reserves policy target
The prime source of income for the Charity within three years.
continues to be from Student Challenge
Events. We are continuing our efforts to Going concern
diversify the charity’s revenue streams as Childreach International, like many
demonstrated with the merger with ABC charities is dependent on voluntary
Trust. We have had some success with that income to meet its future commitments
in the year with an increase in income. with income generation targets which, by
Which has increased slightly in the year to their nature, are at risk of not being
£2,203k (2015: £2,191k). This is primarily delivered. Over the last few years, we
due to an increase in Challenge Event have not been as succ essful as hoped to
Programmes. However, this is an area that raise funds which has led to our reserves
we are tracking carefully, as it is an position deteriorating.
increasingly competitive market.
In 2017, the Board has reviewed the
Total expenditure increased slightly to business model and taken steps to ensure
£2,486k (2015: £2,285k). Within that, the that our management of income and
cost of raising funds increased to £967k costs is better aligned and hence to
(2015: £772k) and there was a small ensure that we will be able to contribute
increase in the expenditure on charitable positively to our unrestricted reserves in
activities to £1,519k (2015: £1,513k). the coming year. These steps include:
The Trustees (who are also directors of Childreach International for the purposes of company
law) are responsible for preparing the Trustees’ Annual Report and the Financial Statements in
accordance with applicable laws and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare Financial Statements for each financial year
which give a true and fair view of the charitable company and the group. These statements
include the incoming resources and application of resources, including the income and
expenditure of the charitable group for that period. In preparing these Financial Statements
the Trustees are required to:
• Select suitable accounting policies and then apply them consistently
• Observe the methods and principles in the Charities Statement of Recommended Practise
(SORP)
• Make judgments and estimates that are reasonable and prudent
• State whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements
• Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charitable company will continue in business
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that the Financial Statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and the group
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Statement of disclosure to auditors
So far as the Trustees are aware there is no relevant audit information of which the Group’s
auditors are unaware.
Additionally, the Trustees have taken all the necessary steps that they ought to have taken as
directors in order to make themselves aware of all relevant audit information and to establish
that the company’s auditors are aware of that information.
The Trustees declare that they have approved the report and accounts.
We have audited the financial statements of Childreach International for the year ended 31 August
2016 which comprise the Group Statement of Financial Activities, the Group and Company Balance
Sheets, the Group Cash Flow Statement and the related notes numbered 1 to 23.
The financial reporting framework that has been applied in their preparation is applicable law and Unit-
ed Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice)
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance
with section 154 of the Charities Act 2011. Our audit work has been undertaken so that we might state
to the charitable company’s members and trustees those matters we are required to state to them in an
auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charitable company, the charitable company’s members
as a body and the charitable company’s trustees as a body for our audit work, for this report, or for the
opinions we have formed.
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the
directors of the charitable company for the purpose of company law) are responsible for the prepara-
tion of the financial statements and for being satisfied that they give a true and fair view.
We have been appointed as auditor under section 151 of the Charities Act 2011 and under the Compa-
nies Act 2006 and report in accordance with regulations made under those Acts.
Our responsibility is to audit and express an opinion on the financial statements in accordance with ap-
plicable law and International Standards on Auditing (UK and Ireland). Those standards require us to
comply with the Auditing Practices Board's Ethical Standards for Auditors.
An audit involves obtaining evidence about the amounts and disclosures in the financial statements
sufficient to give reasonable assurance that the financial statements are free from material misstate-
ment, whether caused by fraud or error. This includes an assessment of: whether the accounting poli-
cies are appropriate to the charitable company's circumstances and have been consistently applied and
adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and
the overall presentation of the financial statements.
In addition, we read all the financial and non-financial information in the Trustees’ Annual Report to
identify material inconsistencies with the audited financial statements and to identify any information
that is apparently materially incorrect based on, or materially inconsistent with, the knowledge ac-
quired by us in the course of performing the audit. If we become aware of any apparent material mis-
statements or inconsistencies we consider the implications for our report.
• give a true and fair view of the state of the group’s and the charitable company’s affairs as at 31
August 2016 and of the group’s incoming resources and application of resources, including its
income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Account-
ing Practice; and
• have been prepared in accordance with the requirements of the Companies Act 2006 and the
Charities Act 2011.
In forming our opinion, which is not qualified, we draw attention to Note 1.4 in the financial state-
ments, which indicates that the charitable company is dependent on the continuation of a credit facili-
ty from the bank, and financial support from Rare Adventures Ltd. As stated in Note 1.4, these events
or conditions, indicate that a material uncertainty exists that may cast significant doubt on the com-
pany’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In our opinion based on the work undertaken in the course of our audit
• the information given in the Trustees' Annual Report for the financial year for which the finan-
cial statements are prepared is consistent with the financial statements; and
• the Trustees’ Annual Report have been prepared in accordance with applicable legal require-
ments.
We have nothing to report in respect of the following matters where the Companies Act 2006 re-
quires us to report to you if, in our opinion:
• the parent charitable company has not kept adequate accounting records; or
• the parent charitable company financial statements are not in agreement with the accounting
records and returns; or
• certain disclosures of trustees' remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit; or
• the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption in preparing the Trus-
tees Annual Report.
Naziar Hashemi
Senior Statutory Auditor
31 August 2017
INCOME FROM:
EXPENDITURE ON:
RECONCILIATION OF FUNDS:
The full comparative Consolidated Statement of Financial Activities is presented in note 23 to these accounts.
Page 34
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2016
REGISTERED NUMBER: 7005335
2016 2015
Note £ £ £ £
FIXED ASSETS
CURRENT ASSETS
87,110 329,095
CHARITY FUNDS
The financial statements were approved and authorised for issue by the Trustees on 31 August 2017 and signed
on their behalf, by:
Page 35
COMPANY BALANCE SHEET
AS AT 31 AUGUST 2016
REGISTERED NUMBER: 7005335
2016 2015
Note £ £ £ £
FIXED ASSETS
16,878 28,394
CURRENT ASSETS
84,069 262,704
CHARITY FUNDS
The financial statements were approved and authorised for issue by the Trustees on 31 August 2017 and signed
on their behalf, by:
Page 36
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2016
2016 2015
Note £ £
Page 37
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Childreach International is a Registered Charity (number 1132203) with the Charity Commission in
England and Wales, and a Registered Company (number 7005335) with the Registrar of Companies.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006 and UK Generally Accepted
Practise as it applies from 1 January 2015. The Charity has a registered address of Unit E, Sirius
House Seafarer Way, Surrey Quays, London, England, SE16 7DR.
Childreach International meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
The financial statements are prepared in sterling which is the functional currency of the Charity and
rounded to the nearest pound.
The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements
of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a
line by line basis.
No separate SOFA has been presented for the company alone as permitted by section 408 of the
Companies Act 2006. The Charity adopted SORP (FRS 102) with effect from the 1 September 2014
and an explanation of how transition to SORP (FRS 102) has affected the reported financial position
is given in Note 1.2.
In preparing these accounts, the Trustees have considered whether in applying the accounting
policies required by SORP (FRS 102) the restatement of comparative items was required.
They concluded that no material transitional adjustments or restatements of comparative items was
required.
The company is a company limited by guarantee. In the event of the company being wound up, the
liability in respect of the guarantee is limited to £10 per member of the company.
Childreach International, like many charities, is dependent on unrestricted income to meet its future
commitments. Our ability to generate voluntary income going forward is significantly dependent on the
charity's strategy and planned income generation from Challenge Events, Trusts and Institutions. If
income generation targets are not met, then the charity would be unable to continue as a going
concern.
Our ability to meet our liabilities as they fall due is in particular dependent on the continuation of a
credit facility from the bank, and the financial support of Rare Adventures Ltd, if required. Specifically,
regarding the loan facility from Rare Adventures Ltd, we are in the process of agreeing the terms of a
loan with a draft contract recently issued. There is a risk that the timing and amount of our cash inflows
and outflows do not happen as expected. However, the cash flow forecast has some headroom (of
over £30k of the £250k overdraft) before we reach the limit of the credit facility. The Board has taken
independent expert advice on our financial forecast.
Page 38
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
This, along with the financial support from our outsourced finance partner gives the board more
confidence in the accuracy of the forecast than in previous years.
The uncertainties articulated above indicate that a material uncertainty exists that may cast doubt on
our ability to continue as a going concern. The financial statements do not include the adjustments
that would result if the company was unable to continue as a going concern.
1.5 Funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes, these may be project specific
or more broadly restricted to a specific theme or country. The costs of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the
notes to the financial statements.
All incoming resources are recognised in the Statement of Financial Activities when the Charity is
legally entitled to the income after performance related conditions, it is probable that the income will
be received and the amount of income receivable can be measured reliably.
Grants Receivable
Grant income is recognised in accordance with the terms of the grant and is included in the accounts
when there is demonstrable evidence that Childreach International is entitled to it. In the case of
conditional grants, the income is recognised when meeting the conditions is within the control of
Childreach International, and there is evidence that the conditions will be met.
Voluntary Donations
All incoming resources are included in the Consolidated Statement of Financial Activities when the
charity is legally entitled to the income and the amount can be quantified with virtual certainty.
Event registration fees, challenge event income and FutureBuild income is recognised when the
money is received.
Gift aid income is apportioned based on the proportion of total income in each income category eligible
for gift aid.
Gifts in Kind
Gifts in kind and donated services are included in the Statement of Financial Activities at the value at
which the charity would be prepared to pay in the open market for services or facility of equivalent
value to the charity. Where such services would normally have been used by the charity, these gifts
and services have not been included in the Statement of Financial Activities.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. This is normally upon notification of the interest paid or payable by the bank.
Page 39
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Allocation of support salary costs between Governance, Costs of Raising Funds, and Charitable
Expenditure is on the basis of time spent by individuals in the relevant departments.
Charitable Expenditure
These costs include the programmatic costs of all international development work, including grants
made to overseas partners and affiliates and the development experience programme.
The cost of project management staff in the UK who assess applications for funding and monitor and
evaluate charitable spending is also included, as well as a portion of overheads.
Governance
Governance costs are those associated with the governance arrangements of the Charity. These
costs are associated with constitutional and statutory requirements. A proportion of overhead costs
are also included.
Grants Payable
Direct expenditure in each country is made by way of grants payable to associated overseas
operations run by the charity’s independent partners and affiliates.
Grants are made on the basis of a project proposal’s adherence to our rigorous selection process.
This includes measuring suitability against criteria including, but not limited to, alignment to the key
themes of the charity’s work, working within target countries, their predicted success, the number of
beneficiaries that will be reached and innovative means of assisting children in developing
communities.
Grants are only made to recognised institutions within target countries. The progress and success of
individual projects is assessed regularly and continued funding is reviewed on a quarterly basis.
Page 40
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
The financial statements consolidate the accounts of Childreach International and all of its subsidiary
undertakings ('subsidiaries').
The Charity has taken advantage of the exemption contained within 408 of the Companies Act 2006
not to present its own Income and Expenditure Account.
The income and expenditure account for the year dealt with in the accounts of the Charity was
£245,446 (2015 - £159,460).
Group accounts have been prepared for Childreach International, and its wholly owned subsidiary
companies, Childreach International (Trading) Limited (Company Registration number 06679264),
Climateplus Limited (Company Registration number 07519573) and Action for Brazil’s Children
Trust (Company Registration number 03489665, Charity Registration number 1069022), in
accordance with the requirements of SORP (FRS 102).
With effect from the 8th May 2015, the Charity acquired Action for Brazil’s Children Trust by becoming
sole member of the company limited by guarantee.
Climateplus Limited and Childreach International (Trading) Limited were dormant in the year.
1.9 Affiliates
At the end of the financial year, Childreach International had associations with the following overseas
charitable operations. The Trustees consider that Childreach International does not exercise sufficient
influence or control over any of these operations to require their consolidation into these accounts:
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of Financial Activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following bases:
Page 41
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
1.11 Investments
Debtors are recognised when the society is legally entitled to the income after any performance
conditions have been met the amount can be measured reliably and it is probable that the income will
be received.
Creditors are recognised when the society has a present legal or constructive obligation resulting
from a past event and the settlement is expected to result in an outflow of economic benefits.
The Company only holds basic Financial Instruments. The financial assets and financial liabilities of
the Company are as follows:
Debtors - trade and other debtors (including accrued income) are financial instruments and are debt
instruments measured at amortised cost as detailed in Note 14. Prepayments are not financial
instruments.
Cash at bank and short term deposits - are classified as financial instruments and are measured at
face value.
Liabilities - trade creditors, accruals and other creditors are classified as financial instruments, and
are measured at amortised cost as detailed in Note 15. Taxation and social security are not included
in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as
the cash settlement has already taken place and there is simply an obligation to deliver services rather
than cash or another financial instrument.
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the year.
Rentals under operating leases are charged to the Statement of Financial Activities on a straight line
basis over the lease term.
Page 42
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates
of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
1.17 Taxation
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation tax purposes.
The following judgements (apart from those involving estimates) have been made in the process of
applying the above accounting policies that have had the most significant effect on amounts
recognised in the financial statements:
The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year include:
In 2015, of the total income from donations and legacies, £199,980 was to unrestricted funds and £268,057
was to restricted funds.
Page 43
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
In 2015, of the total income from other trading activities, £1,296,319 was to unrestricted funds and £452
was to restricted funds.
Page 44
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
In 2016, of the total expenditure from raising funds, £967,438 (2015 - £8,24,196) was from unrestricted
funds and £Nil (2015 - £7,175) was from restricted funds.
In 2016, of the total expenditure from charitable activities, £1,084,275 (2015 - £1,031,575) was from
unrestricted funds and £434,724 (2015 - £446,283) was from restricted funds.
The Development Experience Programme is an integral part of our fundraising model. As well as
development awareness training, this programme involves taking young people to the developing world to
see and understand the projects and programmes that their fundraising efforts contribute towards and give
them a wider knowledge of the world and become advocates for children’s rights and global change.
Page 45
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
8. ANALYSIS OF GRANTS
Grants to Grants to
Institutions Institutions
2016 2015
£ £
Overheads 14,256 -
9. SUPPORT COSTS
2016 2015
£ £
2016 2015
£ £
2016 2015
£ £
Page 46
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
637,085 582,724
The average number of persons employed by the company during the year was as follows:
2016 2015
No. No.
22 22
2016 2015
No. No.
Charitable Activities 12 12
Fundraising 9 9
Governance 1 1
22 22
The total amount of employee benefits received by Key Management Personnel is £225,156 (2015 -
£216,875). The Charity considers its Key Management Personnel comprise the Trustees as named on
page 22, and the senior management team.
The Trustees did not have any expenses reimbursed (2015 - £1,940) and did not received any
remuneration (2015 - £Nil) during the year.
Page 47
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Fixtures,
fittings and
equipment
Group £
Cost
Depreciation
Page 48
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Fixtures,
fittings and
equipment
Company £
Cost
Depreciation
The Charity owns and controls 100% of the issued ordinary share capital of two private companies limited
by share capital, registered in England and Wales: Childreach International (Trading) Limited (company
number 06679264) and Climateplus Limited (company number 07519573).
With effect from the 8th May 2015, the Charity acquired Action for Brazil’s Children Trust, Company
Registration Number 03489665, Charity Registration Number 1069022 by becoming its sole member. ABC
Trust is a registered charity and company limited by guarantee with no share capital. The charitable objects
of ABC Trust is to improve the lives of children in four Brazilian cities by working in partnership with local
communities.
2016 2015
£ £
Page 49
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
2016 2015
£ £
The above results represent the full income and expenditure of ABC Trust. The following intercompany
transactions are eliminated to derive the results shown in the Consolidated Statement of Financial
Activities.
2016 2015
£ £
The amount due from the parent company to ABC Trust at the year end is disclosed under creditors, Note
15. In 2015, the amount due to the parent company from ABC Trust at the year end is disclosed under
debtors, Note 14.
14. DEBTORS
Group Company
15. CREDITORS:
Amounts falling due within one year
Group Company
Page 50
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
As at 1 As at 31
September Incoming Resources Transfers August
2015 resources Expended in/out 2016
£ £ £ £ £
Unrestricted funds
General Funds 61,312 1,825,788 (2,051,713) (2,688) (167,301)
Restricted funds
Childreach International
Tanzania - Ghona VTC (Signal) 10 2,031 (2,031) - 10
Tanzania - Education Projects 10,622 4,053 (10,000) - 4,675
My School My Voice Global (Allan
& Nesta Ferguson) 2,105 346 (123) - 2,328
Nepal - Education & Health 2,870 17,785 (20,655) - -
Bangladesh - Phulki 15,132 - (6,931) - 8,201
India - Shaishav (comic relief) 131,276 4,227 (132,617) - 2,886
Tanzania - Guernsey Overseas
Aid Grant 676 - (676) - -
Nepal Earthquake Appeal 13,969 - (1,695) - 12,274
ABC Trust - Brazil - 10,816 (6,506) - 4,310
Nepal School Health - 3,525 (353) - 3,172
Toilets & Biogas
GOACviaSignal- GhonaVTCD - 9,258 (9,258) - -
Majengo School - 86 - - 86
My School My voice UK - 4 (4) - -
Taught not trafficked - 18,903 (15,898) - 3,005
Hisar Project India - 20 (2,708) 2,688 -
Step Forward - The Challenge - 3,000 (3,000) - -
Nepal Earthquake Long term
response - 14,311 (2,122) - 12,189
Nepal Appeal - 15,391 (19) - 15,372
BFSS Chilaune School - 29,247 (16,235) - 13,012
ABC Trust
ACER (FC) ^ - 32,840 (30,652) - 2,188
Cinema Nosso Animated
School ^ - 29,987 (23,387) - 6,600
CEACA/INATOS ^ - 29,987 (29,987) - -
ACER (FG) ^ - 29,987 (29,987) - -
Fazendo Historia Group nos ^ - 17,987 (11,387) - 6,600
Crescer e viver ^ - 29,987 (19,850) - 10,137
Fazendo Historia FMH ^ - 12,000 (12,000) - -
ABTDH-Strikers for Peace ^ - 61,639 (30,820) - 30,819
Future for Kids ^ 7,500 - (7,500) - -
Comic Relief (Brazil) ^ 7,495 - (7,495) - -
Aberdeen ^ 828 - (828) - -
Page 51
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
As at 1 As at 30
September Incoming Resources August
2014 * resources Expended 2015
£ £ £ £
Unrestricted funds
General Funds 136,124 1,756,854 (1,831,666) 61,312
Restricted funds
Childreach International
Tanzania - Ghona VTC (Signal) 1,399 7,571 (8,960) 10
Tanzania - Education Projects 10,321 17,081 (16,780) 10,622
My School My Voice Global (Allan & Nesta
Ferguson) 1,043 1,893 (831) 2,105
Nepal - Education & Health 6,948 3,722 (7,800) 2,870
Bangladesh - Phulki 23,255 100 (8,223) 15,132
India - Shaishav (comic relief) 153,524 103,618 (125,866) 131,276
Tanzania - Guernsey Overseas Aid Grant - 36,073 (35,397) 676
Nepal Earthquake Appeal - 74,609 (60,640) 13,969
India - Education Projects 3,273 5,010 (8,283) -
Nepal - Science Project 11,994 800 (12,794) -
UK - Education Projects - 1,504 (1,504) -
ABC Trust
Future for Kids ^ - 7,500 - 7,500
St James’ Place Foundation ^ 24,801 - (24,801) -
Comic Relief (Brazil) ^ 127,495 - (120,000) 7,495
Aberdeen ^ 22,407 - (21,579) 828
Restricted funds with income of less than £50,000 in the year have come about from a combination of
donor request and funding applications by the charity aimed at securing funding for specific projects. A
selection of the largest grants made to partner and affiliate organisations, and the purpose of these is
outlined below.
Comic Relief chose ABC Trust to manage a portfolio of small grants for Brazil. These are 3 year grants,
which started in November 2013, funding three project in Rio and two in Sao Paulo, as follows:
CEACA Vila - cultural activities, IT, English, percussion, dance, games, arts, English, Portuguese and a
library, working on overall social and educational development of 4- 10 year olds;
Page 52
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Crescer e Viver - social circus programme for 6-24 year olds, supporting family reintegration and
developing life and employability skills; Animate my school project, Cinema Nosso - play and animation
used to improve children's learning abilities and promote parent's participation in child's education.
Grupo Nos project, Fazendo Historia - leaving care programme for 16-18 year olds from orphanages,
helping reintegrate into society and find employment; and ACER - Family Guardian project - pioneering
family fostering programme as positive alternative to shelters; pilot with aim of government replication
across Brazil.
Comic Relief's Sport for Change programme is supporting ACER's Football and Citizenship project in
Diadema community, Sao Paulo. Reaching out to over 600 children and young people at risk of becoming
involved in crime and with no access to sports and leisure, the project provides twice a week football
classes which build children's confidence and self-esteem, transmit ethical and moral values and
encourage them to avoid gangs and go to school.
Terra dos Homens is supported by Comic Relief to combine sport for social impact methodology (trained
by another partner ACER) and family support. The projects aims to reduce children's violent behaviour
and gender discrimination, improve their school attainment and develop a more supportive and protective
family environment.
3. BT Supporters Club
A BT Supporters Club grant, managed by Comic Relief, supported sport for development project Favela
Street, run by IBISS in Rio de Janeiro. The project works with children and young people at risk of, or who
have been involved in, trafficking gangs and teenage pregnancy.
Children in Charge of Change is a project supported by Comic Relief and implemented in collaboration
with grassroots organisation Shaishav in India. The project takes its name from the emphasis it puts on
giving children a platform to participate and advocate for their rights and be forces for change in their own
communities. 1,951 children, 1,022 boys and 929 girls, are now regularly attending the Balsena clubs
(children’s clubs) and we formed and introduced a child protection policy into 146 schools in the Bhavnagar
district.
Fazendo Historia - Creating my own story (Brazil): The project uses art and storytelling to encourage and
inspire children and young people living in children’s homes/ shelters, helping them to process their past,
take control of their life and identity, and improve their learning and literacy levels.
Page 53
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
As at 31 August 2016
Tangible fixed assets 16,678 - 16,678
Net current (liabilities)/assets (183,979) 137,864 (46,115)
As at 31 August 2015
Tangible fixed assets 28,194 - 28,194
Net current assets 33,118 192,483 225,601
2016 2015
£ £
Adjustment for:
Depreciation charges 15,848 16,129
Decrease/(increase) in debtors 27,727 (7,708)
Increase/(decrease) in creditors 29,732 (40,538)
2016 2015
£ £
Page 54
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
The Charity operates a defined contribution pension plan for its employees. The amount recognised as an
expense in the period was £2,540 (2015 - £Nil), and there was no amount outstanding at the year end.
At 31 August 2016 the total of the group’s future minimum lease payments under non-cancellable operating
leases was:
2016 2015
Group £ £
Amounts payable:
At 31 August 2016 the company had annual commitments under non-cancellable operating leases as
follows:
Charity
Amounts payable:
Firoz Patel (CEO of Childreach International) is a co-founder and non-executive Director of Rare
Adventures – the charity’s provider of challenge event and big build logistics.
Rare Adventures Ltd is a registered social enterprise set up to run events on behalf of charities that takes
no profit from publically raised funds. Mr Patel sits on the board to help ensure that Rare Adventures
operates in the best interests of its Charity clients. During the period, Mr Patel received no payments from
Rare Adventures or any other related parties.
Childreach received a loan from Rare Adventures after the balance sheet date in December 2016 of
£30,000. There is no interest charged and no fixed date for repayment.
During the year £877,089 (2015 - £721,242) was paid to Rare Adventures for the provision of Challenge
Event and Big Build logistics. At the balance sheet date, there was an outstanding amount owed by the
Charity of: £Nil (2015 – £Nil).
Transactions with Rare Adventures were undertaken on an arm’s length basis with all payments requiring
dual authorisation in line with the charities banking mandate.
Page 55
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
INCOME FROM:
EXPENDITURE ON:
RECONCILIATION OF FUNDS:
Page 56