Trustees. Annual Report for the period Period start date Peri(JJ end date From 01 04 2023 To 31 03 2024 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 11 Tyr-common Gilwem Abergavenny, Gwent Postcode NP7 OBB Names of the charity trustees who manage the charlty Dates xted if not for whole ear Trustee name Office {if any) Name of person (or body) entitled loa int t￿stee rfan Carol Daniel Robert Callen Desmond Reilly lan Brown Corina-Alexandra Brown 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example. any custodian trustees) Name Dates acted if not for whole ear TAR March 2012 Names and addresses of advisers (Optional information) e of adviser Name Address Accountants Gowers Limited The Old School House, Bridge Road, Hunton Bridge, Kings Langley, Herts, WD4 8SZ Name of chief executive or names of senior staff members (Optional infomiation) Section B Structure, overnance and mana ement Descriptlon of the charity's trusts Charitable trust deed dated 2nd July 1996 Type of goveming document (eg irusi ueeu COrySlllLlfll- How the charity is constituted Trust Trustee selection methods Appointed by existing trustees Additional governance issues (Optional infomiation) You may choose to include additional information. where relevant, 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 relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities In Romania, to ensure the Christian religion (without doctrinal preferen￿) by the provision of Bibles, to relieve sickness by the provision of medical treatments, care facilities and recuperation, to relieve povety and associated activities 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 main activities undertaken by the charity for the public benefit. having regard to the guidance issues by the Charity Commission on public benefit has followed similar years activity. Health Care for women and children Special Education for children aged 4-11 A residential home for five young adults with leaming disabilities A young volunters program for ages 15-18 Support to disadvantaged families Health education and BP monitoring for general public Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and activities (Optional infonnation) You may choose to include further statements, where relevant. about: policy on grantmaking., policy programme related investment: contribution made by volunteers. TAR March 2012 Section D Achievements and performance Summary of the main achievements of the charity during the year The continuation of the activities undertaken by the charity have been made possible by successful applications for financial support from the ROMANIAN GOVERNMENT and Local Barlad Council. This has allowed the projects to continue running, meeting the increase to wages and general price increases as public UK donations have become rnore difficult to obtain. This has underlined the need for the Romanian sister charity to become financially independent from the UK as donations in the UK diminish. Also, it has been a strategic plan to encourage the Romanian charity to develop the skills it needs to eventually become independent from the Myosotis Trust as its founder and Trustees inevitably become older and new blood to continue the UK Myosotis Trust seems impossible to find. This has always been the ultimate intention of the Trustees to support Romania to be responsible ft)r its own charttable activity. By collaboration with the Local Council the Health Centre premises have been able to host an Out of Hours GP service thus keeping the premises open 24 hours a day throughout the week. The costs of the service being met by the local council who in retum has covered all the utility costs of charity whilst it has been operating its services. A partnership was also introduced with the local Council to cover the costs of the Family Planning Service the charity operated other than the wages of the full-time nurse. A new service was introduced where members of the public could obtain a free blood pressure check with repeat tests if required before if necessary, being referred to their own GP. Throughout this period the quality of the seNices has remained of high standard and has successfully met the requirements of the State inspectors. TAR March 2012 Section E Financial review Brief statement of the charity's policy on reserves Details of any funds materlally in deficit None. Further financial review detalls (Optional information) You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); 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, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Posltlon (eg Secretary. Chair, etc) Date TAR March 2012 ## **THE MYOSOTIS TRUST** **Charity Commissioners no. 1056671** ## **FINANCIAL STATEMENTS** ## **FOR THE** **YEAR ENDED 31st MARCH 2024** **THE MYOSOTIS TRUST** ## **CONTENTS** - Page 1 Trustees and information - 2 Trustees’ report - 3 Independent Examiner’s Report - 4 Income and expenditure account - 5 Balance sheet - 6 Notes on the financial statements **THE MYOSOTIS TRUST** ## **TRUSTEES AND INFORMATION** ## **YEAR ENDED 31st MARCH 2024** **Trustees:** Carol Daniel Robert Callen (chair) Desmond Reilly Ian Brown Corina-Alexandra Brown **Patrons:** Bishop Richard Chartres Father Simon Evans **Business address:** 11 Tyr-Common Gilwern Abergavenny Gwent NP7 0BB **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 2024** The trustees set out the financial statements of the trust for the year ended 31st March 2024. ## **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 C Brown **on behalf of the trustees** 11 Tyr-Common Gilwern Abergavenny Gwent NP7 0BB 7th January 2025 C R Daniel **Trustee** Page 2 **THE MYOSOTIS TRUST** ## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE** **YEAR ENDED 31st MARCH 2024** 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 11th January 2025 Page 3 **THE MYOSOTIS TRUST** ## **INCOME AND EXPENDITURE ACCOUNT** ## **YEAR ENDED 31st MARCH 2024** |**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
2024
£
39,263
30
2,672
-
41,965
-
165
165
41,800
(26,428)
15,372
161,853
177,225|restricted
funds
2024
£
1,560
-
-
-
1,560
-
-
-
1,560
(1,560)
-
-
-|total
2024
£
40,823
30
2,672
-
43,525
-
165
165
43,360
(27,988)

15,372
161,853
177,225|total

2023
£
42,411
42
669
-
43,122
-
105
105
43,017
(101,342)
(58,325)
220,178
161,853| |---|---|---|---|---| 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 2024** |(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
2024
£
-
177,225
177,225
177,225
161,853
15,372
177,225|restricted
funds
2024
£
-
-
-
-
-
-
-|total
2024
£
-
177,225
177,225
177,225
161,853
15,372
177,255|Total
2023
£
-| |---|---|---|---|---| |||||161,853| |||||161,853| |||||161,853| |||||220,178
(58,325)| |||||161,853| The financial statements were approved by the trustees on 7th January 2025 and were signed on its behalf by C R Daniel R S Callen **Trustee Trustee** Page 5 **THE MYOSOTIS TRUST** **YEAR ENDED 31st MARCH 2024** ## **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 2024** ## **NOTES ON THE FINANCIAL STATEMENTS** |2.
**Tangible fixed assets**
**Cost**
As at 1st April 2023 and 31st March 2024
**Depreciation**
As at 1st April 2023 and 31st March 2024
**Net Book Value**
As at 1st April 2023 and 31st March 2024|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 2024** ## **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**|2024
£
£
40,823
-
2,672
30
43,525
165
-
(165)
26,500
1,187
302
-
-
(27,988)
15,372|2023
£
£
42,411
-
669
42
43,122
105
-
(105)
101,065
-
277
-
-
(101,342)
(58,325)|2023
£
£
42,411
-
669
42
43,122
105
-
(105)
101,065
-
277
-
-
(101,342)
(58,325)| |---|---|---|---| ||||43,122
(105)
(101,342)| ||||(58,325)| Page 8