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**
- 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 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
Page 1
**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:-
- 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 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**
Page 2
**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:
- 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
19th January 2024
Page 3
**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.
Page 4
**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**
Page 5
**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.
Page 6
**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.
Page 7
**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)|
||||201,244|
Page 8