THE MYCRO TRUST (Registered Charity No 1061506) Trustees Report & Financial Statements for the year ended 5th April 2024
THE MVCRO TRUST Trustees Report & Financial Statements For the year ended 5th April 2024 Reference & administrative information Page 1 Trustees report Page 2 Independent Examiners Report Page3&4 Statement of Financial Activities Page 5 Balance Sheet Page 6 Notes to the Accounts Page 7
THE MYCRO TRUST Reference & administrative information. For the year ended 5th April 2024 Trustees Janet Goodall (Dr) (Founder) Jeremy Lefroy Janet Lefroy (Dr) Valerie McKay (Dr) Principal Office Melton Burrington Drive Stoke on Trent ST4 8SP Bankers National Westminster bank PLC Market Street Longton Stoke on Trent Independent Examiner Glenn Parkes, ACPA The Manse Temple Street Fenton Stoke-on-Trent ST4 4NW
The Mycro Trust report, April 2024 The trustees remain the same, namely Dr Valerie MacKay, Professor Janet and Mr Jeremy Lefroy and Dr Janet Goodall. they keep in contact fonnally and informally to oversee the affair5 of the Trust. Little has changed in the nature of donations by the Trust. the major outgoing stlll being to Indonesia to support the Laia children at medical and boarding schools. Janet and Jeremy Lefroy still SUPKM)rt Grace, one of the medical students, and JG pays fees for George. the other medical studenL They are both doing well in their examinations and enjoy the course. JG a150 coritributes to the expenses of a third child now studying medical computlng. There remain two Laia children still at boarding school who also aspire to become doctors. JG approached the two well- to -do Indonesians recommended by Peter Saunders of ICMDA as belng supporters of student education but received no reply. It has been explained to Dr Laia that it would be helpful to find funding from another source Veko Tushi and her little daughter, Xhanmarie, are making good progress. They are sent occasional financial gifts from the Trust but Veko has now returned to broadcasting. This means employing carer for the child, possibly funded in part by Dr and Mrs Bozo. Monda Bozo plans to come to the UK to visit her daughter, Alba, in May and hopes to include a day with JG so the flnancial situation can be clarified then, Other donations have been made to other charitable organisations or needy individuals. We remain grateful to our accountant, Glenn Parkes, for his continued interest and help with the accounts of the Trust. Janet Goodall, secretary.
INDEPENDENT EXAMINERS REPORT REPORT TO THE TRUSTEES OF THE MYCRO TRUST ON THE ACOUNTS FOR THE YEAR ENDED 5thApril 2024 Set out on pages 4 to 6 Respective responsibilities of trustees and examiner. 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 43(2) of the Charities Act 1993 (the Act} and that an independent examination is needed It is my responsibility to: Examine the accounts (under section 43(3)(a) of the Act) To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act); and To state whether particular matters have come to my attention. Basis of Independent examiners statement. My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examiner's ststement In connection with my examination, no matter has come to my attention l. Which gives me reasonable cause to believe that in any material respect the requirements". To keep accounting records in accordance with section 41 of the Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or 2 To which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Signed G.G. Parkes Dated: 31
THE MYCRO TRUST Statement of Flnancial Actlvities for the year ended 5th April 2024 2024 2023 Total Funds Total Funds Incomin Resources Incoming Resources from Generaled Funds Gift Aid Donations (Net) Income Tax Recoverable Gross Gift Aid Recèipts 22,220.00 5,555.00 27,775.00 30,126.30 7,321.58 37,447.88 Investmant Income Interest Receivable 41.27 21.30 Total Incomlng Resources 27,816.27 37,469.18 Resources Ex ended Charitable Activities Grants Payable in Furtherance of Objects Education81 Support Sharing Faith For the support of the poor, sick, elderly or infirm 13,865.50 6,850.44 2.341.99 17,513.00 9.048.69 12,300.44 Govemance Costs Accountsncy 320.00 320.00 Total Resources Expended 23,377.93 39,182.13 Net Movement of Funds in the year 4.438.34 (1,712.95) Total Funds brought fotward 19,001.11 20,714.06 Total Funds carried forward 23,439.45 19,001.11 Signed Dated
THE MYCRO TRUST Balance Sheet as at 5th April 2024 2024 General Funds 2023 General Funds Current Assets Income Tax Recoverable 13,086.58 7,531.58 Bank Accounts Current Account Reserve Account Alice Fund Account 100.00 793.82 9,779.05 23,759.45 100.00 3,910.48 8.279.05 19,821.11 Creditors . Amounts fallin due within one ear Amounts due to trustees Accru818 320.00 820.00 320.00 820.00 Net AssetslLiabilities 23,439.45 19,001.11 UNRESTRICTED FUNDS 23.439.45 19,001.11 Signed Dated
THE MYCRO TRUST Notes forming part of the financial statements For the year ended 5th April 2024 1. Princlpal accounting policies (a) Accounting convention The financial statements are prepared under the historical c05t Gonvention and In accordance with applicable accounting standards and the Charities Act 1993. In preparing the financial statements the charity follows best practice as set out in Statement of Recommended Practice 'Accounting and Reporting by Charities, SORP 2005. (b) Incomlng Resources Incoming resources are accounted for on the accruals basis with the exception of donations, gifts and legacies which are accounted for as th6y are received. {¢) ResourGes Expended Resources expended are accounted for on the accruals basis and are allocated direGtly to costs of generating funds or govemance costs as appropriate .Governance costs consist of those costs associated with meeting the constitutional & statutory requirements of the charity. Grants payable in furtherance of the Charity's objects (a) Educatlonal support In the main, educational support costs relate to the support givén to students undertaking higher qualification in Education as noted in the trustees report. (b) Other voluntary grants These are detailed on the face of the accounts and include donations to help impoverlsh6d families known to the trustees. There were no ernployees during the year No trustees received remuneration. Expenses reimbursed to trustees amounted lo 2024 2023 Travelling Expenses £0 £0 Postagelstationery expenses £0 £0 Analysis of net assetslrestricted funds The trust no longer holds any restricted funds