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##
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##
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## **THE MYOSOTIS TRUST**
**Charity Commissioners no. 1056671**
## **FINANCIAL STATEMENTS**
## **FOR THE**
**YEAR ENDED 31st MARCH 2022**
## **THE MYOSOTIS TRUST**
## **CONTENTS**
- Page 1 Trustees and information 2 Trustees’ report
- 3 Income and expenditure account
- 4 Balance sheet
- 5 Notes on the financial statements 8 Chartered accountants’ report
**THE MYOSOTIS TRUST**
## **TRUSTEES AND INFORMATION**
## **YEAR ENDED 31st MARCH 2022**
**Trustees:** Carol Daniel Robert Callen Desmond Reilly **Treasurer:** Peter Wastall **Patrons:** Bishop Richard Chartres Father Simon Evans **Business address:** Glas Y Gors 1 Fronheulog Cemmaes Machynlleth Powys SY20 9PU **Accountants and** Gowers Limited **Independent Examiner:** The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ **Principal bankers:** HSBC 65 High Street Ruislip Middx HA4 8JE
Page 1
**THE MYOSOTIS TRUST**
## **TRUSTEES REPORT**
## **YEAR ENDED 31st MARCH 2022**
The trustees set out the financial statements of the trust for the year ended 31st March 2022.
## **Responsibilities of the trustees**
The trustees acknowledge their responsibility to:-
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Accountants enquiries**
Each trustee acknowledges:
- that there is no relevant information of which the trust’s accountants, who also act as independent examiners are unaware.
- that they have taken steps that they ought to have taken, as a trustee, in order to make themselves aware of any relevant accounting information and to establish that the trust’s accountants are aware of that information.
## **Trustees**
The trustees who held office during the year were as follows:-
R S Callen P Wastall (resigned 3rd June 2022) J Wastall (resigned 3rd June 2022) D Reilly C R Daniel
**on behalf of the trustees**
Glas Y Gors 1 Fronheulog Cemmaes Machynlleth Powys SY20 9PU 10th October 2022
C R Daniel **Trustee**
Page 2
**THE MYOSOTIS TRUST**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE**
**YEAR ENDED 31st MARCH 2022**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
2.
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
3. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David M Green FCA Gowers Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ
12th October 2022
Page 3
**THE MYOSOTIS TRUST**
## **INCOME AND EXPENDITURE ACCOUNT**
## **YEAR ENDED 31st MARCH 2022**
|**Income**
Donations and gifts
Fundraising and trading activity
Bank interest received
Transport expenses reimbursed
**Voluntary income and bank interest**
**Indirect expenditure**
Fundraising expenses
Bank charges
**Income less indirect expenditure**
Direct charitable expenditure
**Surplus/(deficit) for the financial year**
**Retained funds brought forward**
**Retained funds carried forward**|unrestricted
funds
2022
£
251,512
14
1
-
251,527
-
77
77
251,450
(50,206)
201,244
18,934
220,178|restricted
funds
2022
£
2,043
-
-
-
2,043
-
-
-
2,043
(2,043)
-
-
-|total
2022
£
253,555
14
1
-
253,570
-
77
77
253,493
(52,249)
201,244
18,934
220,178|total
2021
£
52,510
7
8
-
52,525
-
-
-
52,525
(48,184)
4,341
14,593
18,934|
|---|---|---|---|---|
A detailed breakdown of the income and expenditure account is contained in note 5 to the financial statements.
There were no other recognised gains or losses during the financial year and no separate statement of total recognised gains or losses has therefore been presented.
Page 4
**THE MYOSOTIS TRUST**
## **BALANCE SHEET**
## **YEAR ENDED 31st MARCH 2022**
|(Notes)
**Fixed assets**
Tangible assets
(2)
**Current assets**
Bank and cash
**Net current assets**
**Total assets less current liabilities**
**Unrestricted funds**
Balance brought forward
Surplus/(deficit) for the year|unrestricted
funds
2022
£
-
220,178
220,178
220,178
18,934
201,244
220,178|restricted
funds
2022
£
-
-
-
-
-
-
-|total
2022
£
-
220,178
220,178
220,178
18,934
201,244
220,178|Total
2021
£
-|
|---|---|---|---|---|
|||||18,934|
|||||18,934|
|||||18,934|
|||||14,593
4,341|
|||||18,934|
The financial statements were approved by the trustees on 10th October 2022 and were signed on its behalf by
C R Daniel R S Callen **Trustee Trustee**
Page 5
**THE MYOSOTIS TRUST**
**YEAR ENDED 31st MARCH 2022**
## **NOTES ON THE FINANCIAL STATEMENTS**
## 1. **Accounting policies**
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the trust’s financial statements:
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention and in accordance with applicable UK accounting guidelines issued by the Accounting Standards Committee. These accounts have been prepared on an accruals basis. In in the opinion of the Trustees this is materially the same as preparation on a receipts and payments basis in the current circumstances of the trust.
## **Tangible fixed assets**
Depreciation is provided to write off the cost of assets over their estimated useful lives. Depreciation is charged in the accounts at the following rates:
Freehold property 10% straight line Fixtures and fittings 25% on reducing balance
All fixed assets have been fully depreciated.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the approximate rate of exchange ruling at the date of the transaction.
## **Voluntary income**
Incoming resources, other than investment income, are included in the income and expenditure account as they are received.
## **Direct charitable expenditure**
Direct charitable expenditure comprises all amounts expended in connection with the operation, management funding and support of the Health Centre, Casa Esme, House of Roses, the young volunteers project and help for families in Barlad, Romania.
Page 6
**THE MYOSOTIS TRUST**
## **YEAR ENDED 31st MARCH 2022**
## **NOTES ON THE FINANCIAL STATEMENTS**
|2.
**Tangible fixed assets**
**Cost**
As at 1st April 2021 and 31st March 2022
**Depreciation**
As at 1st April 2021 and 31st March 2022
**Net Book Value**
As at 1st April 2021 and 31st March 2022|Land and
Buildings
£
22,241
22,241
-|Fixtures and
Total
Fittings
£
£
7,190
29,431
7,190
29,431
-
-|
|---|---|---|
The majority of the tangible assets referred to above are located in Barlad, Romania.
## 3. **Trustees and administrator’s emoluments**
Neither the administrator nor any of the trustees received any emoluments during the year.
Page 7
**THE MYOSOTIS TRUST**
## **YEAR ENDED 31st MARCH 2022**
## **NOTES ON THE FINANCIAL STATEMENTS**
|5.
**Detailed income and expenditure account**
**Income**
**Grants and donations**
- Donations, covenants and Gift Aid
**Fundraising and trading activities**
- Fundraising proceeds
**Investment income**
- Bank interest
**Sundry income**
- Transport expenses reimbursed
- Refunds
**English expenditure**
Bank charges
Printing, postage, stationery and telephone
**Romanian expenditure**
Grants paid
Transport costs to Romania
Insurance
Bank and credit card charges (recovered)
Medical supplies
**Surplus/(deficit) for the year**|2022
£
£
253,555
-
1
-
14
253,570
77
-
(77)
52,065
-
184
-
-
(52,249)
201,244|2021
£
£
52,510
-
8
-
7
52,525
**-**
-
-
47,600
-
584
-
-
(48,184)
4,341|2021
£
£
52,510
-
8
-
7
52,525
**-**
-
-
47,600
-
584
-
-
(48,184)
4,341|
|---|---|---|---|
||||52,525
-
(48,184)|
||||4,341|
Page 8
**THE MYOSOTIS TRUST**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE**
**YEAR ENDED 31st MARCH 2022**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David M Green FCA Gowers Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ
12th October 2022
Page 3