Trustees. Annual Report for the period Peri(Kl stsrt date Period eThJ date From 01 2022 To 31 03 2023 Section A Reference and administration details Charity name THE MYOSOTIS TRUST Other names charity is known by NIA Registered charity number (if any) 1056671 Charity's principal address Glas Y Gors 1 Fronheulog, Cemmaes Machynlleth. Powys Postcode SY20 9PU Names of the charity trustees who manage the charlty Dates acted rf not for wholè ear Trusteo namè Office lrfwyl Name of person lor body) entltled toa inl trustee if an Carol Daniel Robert Callen Peter Wastall until 3 June 2022 Janet Wastall until 3 June 2022 Desmond Reilly lan Brown from 1Y August 2022 from 12th A$t 2022 Corina-Alexandra Brown 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charlty. rf any. (for example. any custodian trustees) Name Dates actsd rf not for whole ear TAR M•r(A) 2012
Names and addresses of advisers (Optional information) e of adviser Name Address Gowers Limited The Old Sch1 House. Bridge Road. Hunton Bridge. Kings Langley, Herts. WD4 8SZ Accountants Name of chief executive or names of senlor staff members (Optional infornmtion) Section B Structure, overnance and mana ement Descriptlon of the charity's trusts Charitable tnjst deed dated 2nd July 1996 Type of goveming document How the charity is constituted Trust Trustee selection methods Appointed by existing trustees Additional govemance Issues (Optional inforniation) You may choose lo indude additional information, where relevanl, about: policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works; relationship wth any related parties; trustees, consideration of major risks and the syslem and procedures to manage Ihem. Section C Ob'ectives and activities In Romania. to ensure the Christian religion (without doctnnal preferen} by the provision of Bibles. to relieve sickness by the provision of medical trealments, care facilib.es and recuperation. iD ",elieve poverty and associated ath"vits"es which are charitable under English law. Summary of the objects of the charity set out in its governing document TAR March 2012
See above The Myosotis Health Centre has continued providing medical services io persons seeking support for ante natal, posl -natal, contraception, BP checks and health education. Also providing accommodation for a GP out of hours medical consultation and treatment service operating 365 days of the year with funding from the Batlad Council. Casa Esme Sch(K)I for children with learning difficullEs has continued to operate throughout the year for children aged 4-11 mainly wilh 50+ children attending scheduled classes. Summary ofthe maln activities undertaken for the public benefit in relation to these objects {include within Ihis section the statutory declaration Ihat Irustees have had regard lo the guidance Issued by the Charlty Commission on publi benefit} The House of Roses has operated throughout the year providing a family style home for 5 young adults wth leaming difficulties and in need of Sal protection. The Young Volunteers program which educates young people beeen the ages of 14-18 to undertake Community activities such as guiding and various social programmes for disadvantsged children has been continued after the impact of Covid. Opportunity Change. a program to support severely needy families has continued with one main dependent family of 5 persons. The charity has maintained its regard to the guidance issued by the Charity Commission on public benefit when operats'ng its services. Addltlonal dolalls of objectives and activities (Optional Inforniation) You may choose to indude further statements, where relevant, about: policy on granlmaking. policy programme related investment., conlribulion made by volunteers. TAR March 2012
Section D Achievements and performance Summary ofthe main achievements of the charity during the year Following the impact of Covid and the general downtum in income available to individuals for donations to charities the charity has maintained its programmes w01ng with the Romanian sister NGO to increase its funding to cover the impact in raised costs while the UK charity did not manage to increase its income. It was possible in this year to purchase. thanks to a legacy, the propety known as The House of Roses which had been leased to the NGO and was going to be sold as the lease had expired and was not renewable. This has ensured stability for its five residents while other accommodats'on can be considered. The propety is built from materials which were in common use many years ago but would not meet current requirements. Following inspections from the various monitoring agencies all recommendats.ons prescribed have been implemented where possible and certification for continued occupancy granted. I believe this a major achievemeni giving both The Myosotis Trust and its sister NGO Asociats'a myosotis Romania time to consider the best way forward to make the necessary changes to achieve the best possible accommodation for the residents as required under Romanian legislation. The financial partnership between the UK and Romania has been considered in depth during this period and the difficult lask of shifting the main responsibility for the funding of the agreed projects beeen the NGO'S working in partnership has moved towards Romania. This is due to a number of factors., focusing a downtum in the UK economy. World events and the aging of the Founder and Trustees and the belief that It is essential for the Romanian public to financially support the work carried out by Myosotis if it is to contsnue into the future. The Romanian management team has stsrted to plan for this transistion. TAR March 2012
Section E Financial review Brief statement of the charity's policy on reserves Delails of any funds materially in deficit None. Further financial review details (Optlonal snfomiation) You may choose to include additional information. where relevant about.. the charity's principal sources of funds (includirwJ any fundraisingl- how expenditure has supported the key objectives of the charity.. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees. feport above. Signed on behalf of the charty's trustees Signature(s) Full name(s) Posltion (eg Secretary. Chair, etc) Date TAR March 2012
THE MYOSOTIS TRUST
Charity Commissioners no. 1056671
FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 31st MARCH 2023
THE MYOSOTIS TRUST
CONTENTS
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Page 1 Trustees and information
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2 Trustees’ report
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3 Income and expenditure account
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4 Balance sheet
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5 Notes on the financial statements
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8 Chartered accountants’ report
THE MYOSOTIS TRUST
TRUSTEES AND INFORMATION
YEAR ENDED 31st MARCH 2023
Trustees: Carol Daniel Robert Callen (chair) Desmond Reilly Ian Brown (appointed 12th August 2022) Corina-Alexandra Brown (appointed 12th August 2022)
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
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THE MYOSOTIS TRUST
TRUSTEES REPORT
YEAR ENDED 31st MARCH 2023
The trustees set out the financial statements of the trust for the year ended 31st March 2023.
Responsibilities of the trustees
The trustees acknowledge their responsibility to:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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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:
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that there is no relevant information of which the trust’s accountants, who also act as independent examiners are unaware.
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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 D Reilly C R Daniel I C Brown (appointed 12th August 2022) C Brown (appointed 12th August 2022)
on behalf of the trustees
Glas Y Gors 1 Fronheulog Cemmaes Machynlleth Powys SY20 9PU 12th January 2024
C R Daniel Trustee
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THE MYOSOTIS TRUST
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE
YEAR ENDED 31st MARCH 2023
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:
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examine the accounts under section 145 of the Charities Act,
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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
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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
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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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
19th January 2024
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THE MYOSOTIS TRUST
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31st MARCH 2023
| 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 (Deficit) / surplus for the financial year Retained funds brought forward Retained funds carried forward |
unrestricted funds 2023 £ 40,851 42 669 - 41,562 - 105 105 41,457 (99,782) (58,325) 220,178 161,853 |
restricted funds 2023 £ 1,560 - - - 1,560 - - - 1,560 (1,560) - - - |
total 2023 £ 42,411 42 669 - 43,122 - 105 105 43,017 (101,342) (58,325) 220,178 161,853 |
total 2022 £ 253,555 14 1 - 253,570 - 77 77 253,493 (52,249) 201,244 18,934 220,178 |
|---|---|---|---|---|
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.
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THE MYOSOTIS TRUST
BALANCE SHEET
YEAR ENDED 31st MARCH 2023
| (Notes) Fixed assets Tangible assets (2) Current assets Bank and cash Net current assets Total assets less current liabilities Unrestricted funds Balance brought forward (Deficit) / surplus for the year |
unrestricted funds 2023 £ - 161,853 161,853 161,853 220,178 (58,325) 161,853 |
restricted funds 2023 £ - - - - - - - |
total 2023 £ - 161,853 161,853 161,853 220,178 (58,325) 161,853 |
Total 2022 £ - |
|---|---|---|---|---|
| 220,178 | ||||
| 220,178 | ||||
| 220,178 | ||||
| 18,934 201,244 |
||||
| 220,178 |
The financial statements were approved by the trustees on 12th January 2024 and were signed on its behalf by
C R Daniel R S Callen Trustee Trustee
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THE MYOSOTIS TRUST
YEAR ENDED 31st MARCH 2023
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.
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THE MYOSOTIS TRUST
YEAR ENDED 31st MARCH 2023
NOTES ON THE FINANCIAL STATEMENTS
| 2. Tangible fixed assets Cost As at 1st April 2022 and 31st March 2023 Depreciation As at 1st April 2022 and 31st March 2023 Net Book Value As at 1st April 2022 and 31st March 2023 |
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.
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THE MYOSOTIS TRUST
YEAR ENDED 31st MARCH 2023
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 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 (Deficit) / surplus for the year |
2023 £ £ 42,411 - 669 42 43,122 105 - (105) 101,065 - 277 - - (101,342) (58,325) |
2022 £ £ 253,555 - 1 14 253,570 77 - (77) 52,065 - 184 - - (52,249) 201,244 |
2022 £ £ 253,555 - 1 14 253,570 77 - (77) 52,065 - 184 - - (52,249) 201,244 |
|---|---|---|---|
| 253,570 (77) (52,249) |
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| 201,244 |
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