Register Charity Number 1143345 (England and Wales) **----- Start of picture text -----**
Tony’s Well at Kouba
Myra’s Wells
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Report of the Trustees and Unaudited Financial Statements Year ending 31[st] August 2023 Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Myra’s Wells 31[st] August 2023 ## Myra’s Wells 31[st] August 2023 ## Contents REPORT OF THE TRUSTEES ......................................................................................................................... 1 INDEPENDENT EXAMINER’S REPORT........................................................................................................ 21 STATEMENT OF FINANCIAL ACTIVITIES .................................................................................................... 22 BALANCE SHEET 31[ST] AUGUST 2023 ......................................................................................................... 23 NOTES TO THE FINANCIAL STATEMENTS .................................................................................................. 24 APPENDIX 1 - LIST OF WELLS AS OF NOVEMBER 2023 ............................................................................. 31 Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Myra’s Wells 31[st] August 2023 ## REPORT OF THE TRUSTEES For the Year Ended 31 August 2023 The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable to charities. Registered Charity number: 1143345 (England and Wales) ## Trustees G E Martin BEM T Carter K Martin P Martin L Partridge S Warr M Anness J Pusey C Jones J Nash ## Address for Correspondence 72 Oakhurst Road West Moors Ferndown BH22 0DR ## Bankers Lloyds Bank plc 84 Victoria Road Ferndown Dorset BH22 9JB Currency Cloud The Steward Building 12 Steward Street London E1 6FQ ## Governing document The governing document is the Declaration of Trust dated 15 August 2011 and subsequently modified on 31/7/2019. ## Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. ## Procedures and policy for charitable distribution of general funds. During the year the Trustees will meet to discuss and consider requests for wells received from villages and communities. The Trustees will also consider requests from organisations that have approached the Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 1 Myra’s Wells 31[st] August 2023 charity or which the Trustees have come into contact with, which require financial support in line with the objects and activities of the charity. ## Trustees’ Remuneration During the year no trustees were paid for their services to the charity. ## OBJECTIVES AND ACTIVITIES ## _Objects and aims_ The Objects of the Trust, as stated in its Trust Deed dated 15 August 2011 as amended on 31[st] July 2019 are: - (i) **to preserve and protect good health** by providing finance for the drilling of wells and the provision of clean water and to ensure wells are maintained and in working order; - (ii) **to advance education** by providing assistance to schools, in particular but not exclusively through the provision of equipment and supplies for schools; and - (iii) **to relieve financial hardship** by supporting small agricultural/horticultural projects; and - (iv) **to advance religion** by passing on gifts for the purchase of Christian literature, including bibles, to churches where poverty makes it impossible for local people to buy them; and - (v) **to prevent and relieve poverty** and further other charitable purposes (specifically, the social relief, resettlement and rehabilitation of persons under a disability or deprivation) by passing on gifts for the relief of suffering caused by terrorist activity (and consequent population migration), drought or other natural disaster. ## _Public Benefit_ The trustees have considered the Charity Commission's requirements in respect of Public Benefit and are satisfied that the activities undertaken are for the Public Benefit and in accordance with the charitable Objects. ## _Significant activities_ The prime activity continues to be the drilling of wells. All funds are directed to wells projects, unless the donors specifically request that their donation be used towards one of the other Objects set out above. While drilling new boreholes is the principal activity, Myra’s Wells is happy to fund projects to repair and restore non-functioning wells if this is cost effective. When reviewing applications for wells, the question “Are there any non-functioning wells?” is key to a decision being made about drilling a new borehole. ## TRANSPARENCY OF REPORTING Myra’s Wells has a policy of complete transparency in all aspects of the work they do. Should there be any questions about any part of this annual report, including the finance, you are welcome to email us at info@myraswells.org, whether your interest is as a donor, supporter or a casual reader. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 2 Myra’s Wells 31[st] August 2023 ## ACHIEVEMENTS AND PERFORMANCE ## _Wells projects_ By the grace of God, Myra’s Wells has undertaken 29 projects during the year. The headlines are: - ➢ 10 new wells fitted with hand pumps; - ➢ 13 new wells fitted with solar power pumps and a water tower; - ➢ 1 repair to a well provided some year ago by another agency; - ➢ 2 wells upgraded from hand pump to solar powered pump and water tower; - ➢ 3 unsuccessful projects. The basic statistics about the 30 projects undertaken using funds supplied from Myra’s Wells (UK) are these. ## _Percentage of expenditure on types of projects_ ||Projects|Boreholes
drilled|% of
Overall
Costs| |---|---|---|---| |New wells drilled|23|34|89| |Failed drilling|3|5|4| |Repairs|1||1| |Conversions|2||6| |Totals|29|39|100| ## _Drilling success rates for new wells_ Myra’s Wells normal policy is to try up to three boreholes at a given site. If the first borehole is negative, a second will almost always be tried. If the second borehole is negative, thought and prayer are given about whether to try a third borehole. During the current year, the success rate by number of boreholes has been: Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 3 Myra’s Wells 31[st] August 2023 |Success on 1st attempt|70%| |---|---| |Success on 2nd attempt|11%| |Success on 3rd attempt|11%| |Failed after 2 attempts|4%| |Failed after 3 attempts|4%| The 1[st] borehole success rate of 70% was similar to the previous year’s 71%. Overall, for the 26 new well projects (including 3 unsuccessful projects), there were 39 boreholes drilled meaning 1.48 boreholes per project. This is, again, similar to the previous year’s figure of 1.42 boreholes per project. ## _Successful new well projects_ Of the 23 successful new wells projects, 10 were finished with hand pumps and 13 were finished with water towers. The main areas of operation have been in the following regions of Burkina Faso: |Centre|10| |---|---| |Centre-Est|5| |Centre-Ouest|2| |Hauts-Bassins/Cascades|3| |Nord|2| |Sud-Ouest|2| The following are brief notes about the decisions to drill in these areas. ## _Ouagadougou and Centre_ As in the previous year, there have been a good number of new wells in the Ouagadougou area. There is population growth in this area driven by two factors: - The better economic prospects presented by the capital; - The continued migration of Internally Displaced Persons from the areas still affected by the Jihadist violence. The need for water in this region is as great as in many rural areas. This need is often brought about by the number of people, rather than the lack of a source of clean water. At many of the existing water points, there can be long queues of women waiting their turn at the tap or pump. Some leave their containers over night to “book” their places in the queue for the next morning. In areas of large population, it is almost essential that the wells should be finished with a solar powered pump and a water tower. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 4 Myra’s Wells 31[st] August 2023 ## _Centre-Est_ The five wells in the Centre-Est region were around the town of Tenkodogo. This an area where there is often a great need for clean water. These two photos illustrate the conditions in which some people there are living. ## _Centre-Ouest_ The two wells in this area were near to Koudougou. This is another rapidly expanding town. In Burkina Faso, the national water supply infrastructure is still not well developed and is not able to accommodate the expansion of urban areas. The consequence is that, although electricity can occasionally be provided, water cannot be provided so easily. As a result, many people find themselves having to walk long distances to obtain what is an essential commodity in the outskirts of the larger towns. These two wells were provided in villages just outside Koudougou. ## _Hauts-Bassins_ Many of the villages in the Hauts-Bassins area of Burkina Faso have poor access to clean water. This area contains a number of very scenic places and, ironically, rivers and lakes. However, people in the more isolated villages (and even some towns) struggle to find clean water. Some parts of the region, especially to the southern part, appear to be rather neglected being a long way from Ouagadougou. Access to these villages can be difficult and dangerous – the danger coming from the Jihadists that have some camps in these areas. The difficulty is increased because of the distance from Ouagadougou. We were pleased to have been able to provide two wells there this year and may look to provide more next year. ## _Nord_ This region covers a large area in the north of Burkina Faso. It is where the Jihadist problem is most severe. The largest city in the area is Ouahigouya. Along with other larger towns, Ouahigouya has seen in influx of IDPs seeking the relative safety of the town. The villages are much more likely to be subject to violent attacks. We received requests for two wells at Ouahigouya and were grateful to the surveyor and the drilling company for their willingness to make the potentially dangerous journeys to provide the two wells here. At one place, the preferred site had to be changed because it was not suitable. At the other place, the drilling was difficult – in fact one of the drills broke during the drilling. However, we thank God that both places now have wells with water towers. ## _Sud-Ouest_ This area has borders with Ghana and Côte d’Ivoire. The southern parts are, again, affected by Jihadist violence, but (again) are areas in great need of clean water. Consequently, we were pleased that it was possible to help 2 communities in the area with new wells. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 5 Myra’s Wells 31[st] August 2023 ## _Finishing options_ The two finishing options that are available are - ➢ Hand pump with a concrete surround and cattle drinking trough; - ➢ Solar powered pump with a water tower and taps. The relative cost differences are indicated in the “Cost of Wells” section but, in general, the cost per well is increased significantly when a water tower is used. Consequently, the choice of finishing options is made after a borehole is successful with a number of factors being considered. ## _Wells finished with Hand Pumps_ Of the 23 successful new well projects, 10 were finished with hand pumps. These were mainly wells located in more rural areas. In places where the population is less dense – typically rural villages – hand pumps are the most economical way of providing water. The people are quite happy to use them. In some places, people (typically women) are able to earn money by offering a service of filling containers with water while the owner goes about their business. Our previous supplier of hand pumps had ceased operating in Burkina Faso. However, an alternative supplier has been found. The quality of the pumps seems to be as good as before, but the cost is less which has been appreciated in the face of other rising costs. ## _Wells finished with Water Towers_ This year, 13 of the 23 successful new well projects were finished with a solar powered pump, water tower and taps. As noted in last year’s report, there is a definite move within Burkina Faso towards using solar powered pumps and water towers, particularly in more urban areas. In towns and cities, water towers are always in evidence. This being the case, providing a hand pump at a new well can mean that the new well is bypassed by the local people who will prefer to go a little further to obtain water with less effort. Other factors for choosing a solar powered pump and water tower include: Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 6 Myra’s Wells 31[st] August 2023 - ➢ **High flow rate** . In cases where the flow rate is high – perhaps over 6-7000 litres an hour, the amount of water available would seem almost wasted when only 4-500 litres an hour can be pumped. In these cases, and perhaps for lower flow rates, if there is a good reason that justifies the extra expense, then a water tower will be considered. Good reasons include: - **Market Gardens.** The possibility of a market garden project. - **Livestock breeders.** The existence of breeders with larger herds/flocks. - **Other cottage industries** which need good supplies of water. - **Existence of nearby clinics/schools** where the current water supply is inadequate. - **Expected population growth** – where there is good reason to believe that this is likely. - **Densely populated area.** In general, it takes between 3 and 4 minutes to fill one bidon using a hand pump. To fill one bidon from a water tower takes less than 1 minute. Effectively, this means that a water tower can serve 3 or 4 times the population in the same length of time. So, in more densely populated areas, a water tower can be considered more economical, despite the extra cost involved, provided the flow rate is sufficient to be sustainable. ## _Size of tanks_ The usual choice of tank fitted is a 5,000 litre plastic tank. On a few occasions, we have used a 10,000 litre steel tank or two 5,000 litre tanks. ## _Suppliers_ In general, for the wells in the Ouagadougou area, the surveyor is able to provide the pump, panels, cabling and tank. A metal fabrication supplier will provide the tower. In areas towards the west, a company called Nelson Solar may be better suited to provide the complete package as the company has an operation based in Bobo-Dioulasso. ## _Unsuccessful new well projects_ We exercise considerable care in choosing which sites to drill – see below under Well Site Selection below. So, when drilling is unsuccessful, it is a great sadness. Myra’s Wells’ policy is to always try a second borehole if the first borehole is dry – or if it does not meet the minimum flow rate of 700 litres/hour. If the second borehole is also a negative, the UK trustees will consider whether to try a third hole. This decision can be difficult. It has to be a balance of a number of factors which include - Advice from the surveyor - The size of the need at the village - Funds available and the needs of other villages The decision is made after careful consideration and prayer. This year, there were three unsuccessful projects. One, in particular, was very disappointing. The location was a village to the north of Ouagadougou in an area where it is known that it can be difficult to find water. The first two boreholes were negative and, after due consideration, the third borehole was drilled. This produced water. However, as the drill was being raised, one of the rods slipped down the borehole and became jammed. The drilling company allowed another free borehole which proved to be negative. At the end of the year, the trustees were considering whether another borehole would be attempted. It is worth noting that, in the event of a borehole being negative, the surveyor makes no charge. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 7 Myra’s Wells 31[st] August 2023 ## _Well repair projects_ Myra’s wells is always happy to look to repair wells that are no longer operational. This year, one such well, which dated from many years ago, was brought back to life in the Sud-Ouest region. ## _Conversion projects_ This year, Myra’s Wells has undertaken two projects to change wells from hand pumps to solar powered pumps and water towers. Both these projects were carried out (with permission) on wells drilled previously by other agencies. They are located in the greater Ouagadougou area where population growth meant that hand pumps were no longer adequate for purpose. One of these was the final project within the Rotary Project below. In these cases, the hand pump and the associated rods are able to be reconditioned and reused at other locations. It is anticipated that there will be more of these conversion projects in the future. ## Rotary Project This project was the result of about five years’ discussion. It resulted from an idea proposed by the North Berwick Rotary Club and has resulted in 10 wells being drilled. Myra’s Wells has acted as the contractor in this project with the site selection being done by the Crystal Rotary Club in Ouagadougou – in conjunction with the local authorities there. During this year, the final 4 of these projects have been completed. All the wells have been around Ouagadougou. The final one was one of the conversion projects mentioned above – at a school in the north of Ouagadougou. ## Water Ministry Inspection of wells The corresponding operation in Burkina Faso is Myra’s Wells (International). (See below for the details of this.) As Myra’s Wells (International) is now registered as an NGO, there is an annual inspection carried out by the Ministry for Water in Burkina Faso. This took place in May 2023. Five wells in the Koudougou area were inspected by a team of 5 people, including the Director of the Ministry. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 8 Myra’s Wells 31[st] August 2023 The Inspection Team expressed their appreciation for the work that Myra’s wells is doing and the quality of the work. A quote from the team stated “The government will never be able to provide enough water for the population without your help. They wish the best to MW so more villages can benefit.” ## Cost of Wells ## _Basic details_ From the invoices that we have received, we note that 112,900,000 CFA has been spent on wells projects. Using the average GBP/EUR rate of 1.1493 obtained over the year, and the fixed rate of 655 CFA/EUR, this equates roughly to £149,975. The individual components of this overall expenditure are: ## **Operating costs** This includes the costs of the office in Ouagadougou. These costs are covered by the MW(UK) trustees through the separate admin bank account. Costs of travel, including costs of necessary site visits before or after the well is finished. ## **Survey costs** Surveys are carried out, before drilling commences, by one of two or three highly qualified surveyors (two of whom are university teachers). Occasionally, a traditional surveyor will be asked to look at a site if there have been two negative boreholes. ## **Drilling costs** Drilling is carried out by a number of reputable drilling contractors depending upon the area where the site is located. ## **Water Testing** This is carried out, usually, in Ouagadougou. There are three laboratories that are used, the main one being Laboratoire Äina. ## **Statutory report following drilling** Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 9 Myra’s Wells 31[st] August 2023 This is sometimes prepared by the drilling contractor, sometimes by the surveyor. ## **Pump + Surrounds when the well is finished with a hand pump** This includes the purchase and fitting of the pump and the construction of a surrounding wall together with a cattle drinking trough. If a hand pump is fitted in a more urban area, the surrounding wall and drinking trough are not always needed. ## **Borehole cleaning before the pump is fitted** During this process, the debris left in the borehole by the drilling process is removed so that the water is clean. **Water tower** when this is deemed to be appropriate There are three distinct parts of this process which are: - ➢ Solar powered pump with the appropriate cabling and solar panels - ➢ The tank - ➢ The tank support Sometimes, these are provided by one supplier; other times, two of three may be involved. ## **Training** This includes time spent training the well committee and local population on the care and use of the pump. ## **Number plaque** This is a metal plaque fixed to the well which designates that it is a well that Myra’s Wells has drilled, and shows the well number. The cost of these plaques is about £10 each. ## _Average costs of wells_ - 1) Overall costs of wells by finishing type There is a significant difference between the costs of hand pumps and water towers. This is reflected in the average cost of each type. The statistics for the year 2022-23 are: ## Cost per well for successful new wells |**Costs for successfulprojects**|**Number**|**Average cost**| |---|---|---| |Wells finished with a handpump|10|4,117| |Wells finished with a water tower|13|7,828| |**Overall average for successfulprojects**|23|**6,215**| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 10 Myra’s Wells 31[st] August 2023 ## Cost per well including unsuccessful projects However, the total cost of new well projects needs to also reflect the funds spent on unsuccessful projects. The overall costs include the costs of unsuccessful projects as well. Taking these costs into consideration gives an average cost per project as: |**Costs for all new wellprojects**|**Number**|**Average cost**| |---|---|---| |Wells finished with a handpump|10|4,117| |Wells finished with a water tower|13|7,828| |Unsuccessful new wells|3|2,412| |**Taking account of unsuccessful projects, the average**
**cost toproduce 23 successful new wells.**|26|**5,776**| ## Cost per well when conversion projects are included Including the two conversion projects, the average is reduced. |**Costs for all new wellprojects**|**Number**|**Average cost**| |---|---|---| |Wells finished with a handpump|10|4,117| |Wells finished with a water tower|13|7,828| |Unsuccessful new wells|3|2,412| |Conversionprojects|2|5,227| |**Adding in the conversionprojects – successfulprojects**|28|**5,755**| ## Cost per well overall, including repair projects The following table shows the overall average when the one repair project is included. |**Costs for allprojects**|**Number**|**Average cost**| |---|---|---| |Wells finished with a handpump|10|4,117| |Wells finished with a water tower|13|7,828| |Unsuccessful new wells|3|2,412| |Conversionprojects|2|5,227| |Repairprojects|1|1,608| |**Overall average for all 29projects**|29|**5,469**| What this emphasises is the financial advantage of carrying out repairs or swapping hand pumps for solar powered pumps and a water tower compared with providing new boreholes. In the case of conversions, there is also a hidden saving in the region of £600-£700 on well where the reconditioned hand pump will be use in the future. ## _Expenditure on Projects and Operating Costs_ Myra’s Wells keeps the costs of operating as a charity to a minimum. All work done in the UK is on an unpaid voluntary basis. Since it is required that an NGO in Burkina Faso must have two employees, there are just two people employed there – one for administration and one as a driver. All other trustees and helpers in Burkina Faso are unpaid volunteers. Any expenses incurred in the office in Burkina Faso are covered by trustees in the UK. The office itself is in a church building and the church allow usage of this at no cost – Myra’s Wells has asked to be allowed to make a donation to the church but the church will not (so far) accept any funds. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 11 Myra’s Wells 31[st] August 2023 All expenses incurred in the UK, including all travel, publicity, postage etc, are covered by contributions from trustees. This table shows the expenditure Operating costs. The costs in Burkina Faso this year include a printer (approx. £300) and the costs of running the 4x4 owned by Myra’s Wells (International). ||General Admin,Postage and Stationery||347| |---|---|---|---| ||Office Expenses(Burkina)includingsalaries||4,055| ||Travel||42| ||Plaques||780| ||Publicity||1,274| ||Governance||526| ||Other running costs in Burkina Faso (approx.)||2,927| ||**Total**||**9,951**| In this current year, this represents around 6% of total expenditure. It should be noted that this is fully covered by donations and the associated GiftAid made by Trustees for this purpose. This year, these donations amounted to £6876, the balance needed being met from funds remaining for this purpose in previous years. This allows 100% of public donations to be used for drilling wells. ## Well Site Selection ## _Choosing where to drill_ This is, perhaps, the most challenging part of the operation of Myra’s Wells. As a Christian charity, we make these decision with prayer, asking for guidance. Prioritising the most needy places is at the top of the agenda. The latest version of our Request Form is now being used. The questions asked have been rephrased in an effort to make it easier to obtain the information that is needed before decisions are made. In addition to answers to questions, we ask for photographs of existing sources of water and a video clip to show the area around the place where the applicant would like the new well to be placed. This is all designed to help us to assess the situation in the village/area. It also helps us to decide if the designated place for the well is appropriate – that is, whether there is evidence of people living within a reasonable distance of where the well is planned. A sub-committee considers requests with a view to planning a batch of (perhaps) 5 places in a similar area. Further refinement of the selection form will be made. During further visits to Burkina Faso, efforts will be made to show where details are lacking in the information which is given. It is recognised that there are language difficulties which make it difficult for some to provide the information for which we ask. ## _Contacts_ Our main contacts, in the process of finding the most needy villages, continues to be our church and mission contacts in Burkina Faso, together with retired missionaries who have their own trusted contacts still in Burkina Faso. For the Rotary International wells, the sources of information have been the local authority offices in the various districts. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 12 Myra’s Wells 31[st] August 2023 ## Well maintenance The maintenance regime, in the hands of a local committee, continues to be used. The committee at each well consists of five, six or seven local people who agree to take on responsibility for the maintenance and proper use of the well. The committee members cover the roles of: - ➢ President - ➢ Treasurer - ➢ Secretary - ➢ Maintenance supervisor - ➢ Health advisor The treasurer is responsible for collecting very small monetary amounts, from those who use the well regularly. This money is then kept locally to be used towards the cost of routine maintenance. In the unlikely event of the pump developing a problem, there should be enough in the funds to cover most repairs. Training in the use of the pump, cleanliness of the pump area and personal hygiene, is given to as many of the village people as possible. In areas where some children have never washed, this advice is very necessary. The committee, together with as many as possible from the village, receive basic training from a professional trainer. If the well is completed with a hand pump, after the training is given, a small kit of grease and some small spare parts is left with the committee member(s) responsible for the pump maintenance. Well committees are established irrespective of whether the finishing is a hand pump or a water tower. ## Sustainability In the current climate-aware times, sustainability is an important consideration for Myra’s Wells. The climate in Burkina Faso is such that almost all traditional wells will run dry between January and March. At the same time, the population growth in Burkina Faso means that there is more and more requirement for water. This is exacerbated by the population migration caused by the increasing terrorist threat, causing existing facilities (especially water and food) to be under increased pressure in many place. Myra’s Wells continues to provide sustainable wells. By ensuring that the sources of water have sufficient flow rate before pronouncing it as “positive”, the subterranean water resources will not be overstretched and will continue to provide for the needs of local people. ## Non-water projects ## _Village of Hope_ In December 2022, Myra’s Wells heard of a need at a Christian orphanage where food supplies were very low. This is called the Village of Hope and is where 600 orphaned children across all ages are cared for. The village is in a complex towards the edge of Ouagadougou. Apart from the accommodation blocks, there is a school and chapel. Also in the grounds there is a farm with some livestock and arable land. Before Myra’s Wells became a registered charity, Eddie Martin, together with family and friends had gather sufficient funds to provide a well at the village. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 13 Myra’s Wells 31[st] August 2023 In December 2022, funds at the village were low and those running the village were unsure how they were going to be able to feed the children. The need was made known to our supporters who responded generously with over £4500 (including the associated GiftAid). During the Trustees’ visit to Burkina Faso in January 2023, the Trustees oversaw the purchase and delivery of rice, oil, maize, spaghetti, macaroni and peanuts. ## _Other projects_ Other than three small donations designated as support for children at Zongo school, there were no other non-water projects during the year. It is the decision of the trustees that the “principal” object of Myra’s Wells is to provide clean water at the most needy places of which we know. ## Supporters ## _Major Donors_ There were two major donors this year. - The Rotary Club of North Berwick. Notes about this project are included above. The donation this year was £24,900, being the final donation from the funds provided by Rotary International via the North Berwick club. This project is now completed. - Gateway Church, Florida donated $26,000 in three separate donations. These funds were given to be used at specific locations chosen by their pastor who regularly visits Burkina Faso. There were six individual donors who made donations of over £4000. Most of these also attracted GiftAid. These donations were all to pay for wells for a specific reason – often in memory of a family member who had passed away. In these cases, a dedication plaque in placed on the well. ## _Regular donors_ There are about 70 supporters who have set up standing orders and make regular donations each month. The total of these donations is approximately £1000 each month for wells. This is less than in previous years and reflects that fact that increased costs of living in the UK have risen. Trustees collectively donate approximately £350 + GiftAid towards the administration costs each month and other ad-hoc donations as required. ## _Other donors_ There are many other donors who give on a less regular basis and many of these donations are significant. Myra’s Wells is grateful for all support. As a Christian charity, we acknowledge God’s goodness in making funds available for drilling wells. ## Trustees visit to Burkina Faso During January 2023, Eddie Martin, Jeremy Nash and one supporter spent about two weeks in Burkina Faso visiting wells and potential sites for new wells. Travel was limited because of the security situation. However, there were many encouragements. The visits included the Village of Hope where the Trustees were able to accompany the local people going to the wholesaler from whom food was bought – then seeing it stored the village. Well visits included areas of Ouagadougou. On one day, seven wells were visited, all of which were new during the year. These included three which were part of the Rotary project. Another day was spent at Koudougou. Again, new and old wells were visited. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 14 Myra’s Wells 31[st] August 2023 ## RISKS ## _Risk assessment_ A Risk Assessment document is available upon request. ## _Security and Terrorism_ The security situation has continued to deteriorate during the year. Some estimates say that up to 40% of Burkina Faso is not under the control of the government. In January 2022, there was a military coup driven by the feeling that the government was not doing enough to tackle the growing problem. This coup was relatively peaceful and had the support (or a least tolerance) of much of the population. However, despite the promises of the new leader, there has been no perceivable difference in the security situation. In September 2022, a further military coup took place, another military leader displacing the previous one. Reports of attacks by Jihadists are appearing less often the press than previously and the local people feel that some progress is being made in the fight against the attackers. In terms of Myra’s Wells, the effect on operations is much the same as the previous year. The main effect is that some areas of the country are considered too dangerous to ask those involved in the drilling process to visit. Ultimately, this will be the decision of the contractors involved, but Myra’s Wells would not ask them to travel to places in parts of the north and east. This includes areas to the north and north east of Kaya and areas to the east of Fada n’Gourma. For the UK trustees, it would be considered unsafe to travel more than 50 or 60 km from Ouagadougou in any direction – although Koudougou (100 km to the west) might be reasonable. ## _Data protection and Child Protection policies_ These policies are available upon request, and exist for both Myra’s Wells UK and Myra’s Wells Burkina Faso. ## ADMINISTRATIVE MATTERS ## _Relationship with Myra’s Wells (International)_ Myra’s Wells (International) ( **MWI** ) is a charity registered in Burkina Faso to carry out operations there. This operates in the same way as Myra’s Wells in the UK. There are now two employees funded by the UK trustees. Nobody else involved in the charity receives any remuneration from the wells fund, although small amounts are paid for expenses (telephone calls and travelling in connection with making arrangements for the drilling operation). The Trustees are all Christians who give their time voluntarily. Requests for wells are collected by **MWI** and forwarded to Myra’s Wells Trustees. The decisions about which villages should be included in the drilling program are made in the UK. When these decisions are made, **MWI** helpers make the arrangements. Funds from the UK are deposited in the bank account of **MWI** . Burkina Faso is very much a cash society. Receipts are obtained and copies of these are sent to the UK to demonstrate that money has been properly used. **MWI** owns a 4x4 vehicle in Burkina Faso. This is a new Toyota Hilux which was purchased in September 2021. This vehicles is used for site visits before and after the drilling process. Myra’s Wells regards costs associated with these vehicles to be part of the cost of drilling wells. The minibus that was sent in a container some years ago is no longer being used or supported. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 15 Myra’s Wells 31[st] August 2023 ## _NGO status_ In September 2021, **MWI** achieved NGO status. The main effects of this are: - 1) There is no duty to pay on imported goods. This was a big advantage when the new Toyota Hilux vehicle was delivered in January – import duty can be very high and according to the official’s whim. - 2) There is a requirement to have two paid employees. The UK trustees were somewhat concerned about this, but came to realise that, overall, it is good thing. The way that Myra’s Wells’s work has developed means that it had become too much for volunteers to do. The UK trustees will cover the salaries of these two employees. ## _Workload in Burkina Faso_ We continue to look at ways to help the volunteers in Burkina Faso to recruit further volunteers to help them, particularly in the matter of validating the well requests by visiting the villages/areas from which requests have been received. ## _Pledge: “100% goes to wells”_ Myra’s Wells continues to honour the pledge that all monies received from donors, and all tax reclaimed, will be used to finance the well projects, unless otherwise specified. The trustees personally fund all other expenses. ## _Trustees_ There have been no changes to the trustees during the year. All trustees are Christians who are known personally by the existing trustees. A more formal Recruitment and Training Policy will be developed during the next financial year. ## _Containers_ In line with the Trustees **’** decision reported previously, no containers have been sent to Burkina Faso this financial year. ## _Communication with supporters_ With Covid restrictions now ended, report meetings at (mainly) churches have been restarted. The regular quarterly newsletter continues by email (using Mailchimp) and by post. At the end of the financial year, there were 367 recipients for the emails and about 30/35 regular recipients for the posted newsletters. The printed newsletters are also used as “promotional” material when speaking to others about the work. The “open rate” for the emails was between 55% and 65%, as reported by Mailchimp. In addition, a sub-set of those on the mailing list have asked for more regular updates. These are sent when there is a specific request for prayer – or answer to prayer. The “open rate” for this sub-set is usually in around 80%. ## _Fundraising_ The only Fundraising event this year was a concert given by the Dorset Police Male Voice Choir. The proceeds from this amounted to just over £1,000. As a Christian charity, we acknowledge the funds are made available as God prompts people to give. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 16 Myra’s Wells 31[st] August 2023 ## _GiftAid and VAT_ Myra’s Wells claims GiftAid on donations when the donors complete a declaration to confirm that the donation is eligible. During the year, Myra’s Wells deregistered for VAT. The only purpose of being registered previously was so that VAT could be reclaimed on exported goods. At the time, containers, loaded with donated goods, were being sent to Burkina Faso, with the container remaining in Burkina Faso. VAT was reclaimed on the purchase price of the containers. Since we stopped sending containers, the only exported goods were the memorial plaques to be placed on the wells. However, these are now made in Burkina Faso – so that the VAT returns were then always Nil returns. Consequently, deregistration has been completed. ## FINANCIAL REVIEW ## _Summary of finances_ ## _Currency fluctuation_ Myra’s Wells holds funds in Euros. The GBP valuation of those funds is affected by fluctuation in the GBP/EUR exchange rates. A consequence of this it that the Brought Forward figure from the previous year for the EUR account in the balance sheet needs to be adjusted in the current year to reflect any significant change in the rates. This year, the rate has dropped from an average of nearly 1.19 to approximately 1.135. This has resulted in a significant virtual increase of £2837 in expenditure as recorded in GBP. ## _Income_ Total income in the year, after adjusting for accruals, was £152,986. ## _Assets_ Myra’s wells has no fixed assets. At the end of the year, the current assets were £64,863 being the sum of funds held in the UK bank accounts. ## _Donated for wells_ The funds donated for wells during the year, as shown in the cashflow, were £129,455. ## _Donated for other purposes_ As mentioned above, £4038 was donated specifically for food at the Village of Hope. The associated GiftAid took this to a little over £4,500. The actual expenditure was about £90 more than this – the extra funds being supplied from the “Admin fund” out of donations from the trustees. ## _Donated for administration_ The total donated specifically for administrative costs was £5,609. Apart from £500, this was all donated by Trustees. £300 was from the North Berwick Rotary Club to cover the cost of fixing plaques to the wells resulting from the Rotary project. The other £200 was from a supporter who wanted to contribute to administration costs. ## _Donations from Overseas_ A total of £23,000 was donated by overseas Donors from USA. This was comprised of 3 donations - $7,000, $10,000 and $9,000 from Gateway Church in Florida to enable wells to be drilled in locations that they specified. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 17 Myra’s Wells 31[st] August 2023 ## _Reserves Policy_ Myra’s Wells does not maintain a fund of monies held back from being used. In principle, funds are used to drill wells as soon as is practicable. The list of requests far exceeds the income and there is no problem with being able to use any funds received. The Well Committees at the individual wells collect small amounts from those who regularly use the wells and this can be used for most repairs that are needed. If a more major problem occurs, then Myra’s Wells will consider helping from current funds. During the rainy season – June to September, it is difficult to drill wells. This is because the roads in Burkina Faso, away from the major routes, are made from compacted soil. In many of the villages, the soil is not even compacted. The effect of this is that it is not possible to take the drills to the places where wells are needed. The result of this is that money donated from about March/April onwards will remain in the bank accounts until late October when drilling is again possible. This is why there is usually a balance carried forward in the bank accounts from year to year. At 31/8/2023, the balances carried forward were: |Restricted funds
Unrestricted funds
Total|£2,249
£62,614
£64,863| |---|---| ## _Expenditure_ Funds amounting to £165,169 for Wells were despatched to Burkina Faso. Funds are sent at times when they are needed, usually when a new batch of wells is about to be drilled. This ensures that there is not too much money left in the bank accounts in Burkina Faso. For other costs, £4,694 was also sent to Burkina Faso in connection for the Village of Hope project. ## _Exceptional costs_ There were no exceptional costs during the year. ## _Funds carried forwards_ At the end of August 2023, the funds carried forward in the UK were £64,863. With the Rotary project having finished, the account in Ouagadougou that was opened for that project has now been closed. The funds held in the Wells account in Ouagadougou were 1,605,484 CFA. At the average exchange rate used in the accounts preparation, this represents approximately £2,158 which is shown as a debtor in the balance sheet. ## _Rotary International project_ This project has now been completed and no funds remain to be used. ## _Bank Accounts_ Myra’s Wells’ bank has been Lloyds since the charity was registered. The main bank accounts are still with Lloyds. Myra’s Wells also has an account at Currency Cloud using the portal provided by Jackson Swiss Ltd. Accounts are open for GBP, EUR and USD. This makes the process of transferring money to Burkina easier as well as a route for receiving donations in USD. More importantly, it enables us to buy Euros at a time Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 18 Myra’s Wells 31[st] August 2023 when rates are advantageous rather than having to use the rates that are available when we need to transfer money to Burkina. Myra’s Wells shows Cashflow as two separate accounts with Lloyds plc., and two accounts held at Currency Cloud. The accounts at Lloyds are: ## _“Wells” account_ All donations are deposited in this account, including standing orders, cheques, cash and payments through on-line giving sites. The only exception to this is on occasions when the donor requests that the donation be used for a specific purpose other than the provision of wells. Receipts into this account are analysed in the accounts records to show donations for separate causes allowed by the charity’s Objects. ## _“Admin” account_ This account is used for: - Gifts received for administration and publicity; - Gifts specifically designated for visits to Burkina Faso; **The trustees** make regular and one-off payments into the Admin account to cover the costs of administration travel and publicity. **GiftAid** reclaimed on donations for admin expenses made by trustees will normally be transferred into the Admin account. GiftAid received on all other donations is put into the Wells account and used towards wells projects. **Any transfers** between the two funds are fully documented for the Independent Examiner and details can be provided for anyone who would like to know more. ## _Currency Cloud Account_ There are three accounts held here: ## GBP account Funds may be kept here waiting for a suitable time to buy Euros at advantageous rates. Most transfers into the account will be from the “Wells” account at Lloyds. However, with the two salaries being funded by the UK trustees, regular transfers are made from the admin account. ## EUR account When Euros are bought, they are kept here to be sent to Burkina Faso. ## USD account This was set up to assist with the purchase of the 4x4 but is also useful for receiving donations in dollars. ## FUTURE PLANS ## _Well projects_ It is anticipated that about 10 wells will be attempted during November and December 2023. These are likely to be in three or four areas of Burkina Faso, including the west and the Ouagadougou area. As noted previously, we anticipate that more boreholes will be equipped with solar powered pumps and water towers going forwards. The benefits that this brings, in reducing waiting times and increasing the uses of water, justifies the increased costs associated with these projects. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 19 Myra’s Wells 31[st] August 2023 We also anticipate more conversion projects with hand pumps being replaced with solar powered pumps and a water tower. ## TRUSTEES’ RESPONSIBILITIES FOR THE ACCOUNTS Charity law requires the trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the trust and of its financial activities for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP **;** - make judgements and estimates that are reasonable and prudent; and - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. 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. The above report was approved by the Trustees on ....…………. and signed by: . ............................................ Trustee Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 20 Myra’s Wells 31[st] August 2023 ## INDEPENDENT EXAMINER’S REPORT Independent Examiner's Report to the Trustees of Myra’s Wells I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023 which are set out on pages 22 to 30. ## **Respective responsibilities of trustees and examiner** As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Myra's Well's account carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of Myra's Wells as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn on this report in order to enable a proper understanding of the accounts to be reached. **…............................................................** ## **Miss JA Richardson FCA FCCA DChA** **Date …............................................** Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 21 Myra’s Wells 31[st] August 2023 ## Myra's Wells ## STATEMENT OF FINANCIAL ACTIVITIES ## for the Year Ended 31 August 2023 |Notes
**INCOME AND ENDOWMENTS**
**FROM**
**Donations and legacies**
**TOTAL**
**EXPENDITURE ON**
**Raising funds**
**Charitable activities**
**TOTAL EXPENDITURE**
**NET INCOME**
**Transfers**
**Net movement in funds**
**RECONCILIATION OF**
**FUNDS**
**Total funds brought**
**forward**
10
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**£**
147,377
147,377
-
(170,669)
(170,669)
(23,291)
(1,144)
(24,435)
87,049
**62,614**|**Restricted**
**funds**
**£**
5,609
5,609
(1,274)
(8,587)
(9,861)
(4,253)
1,144
(3,109)
5,358
**2,249**||**Total funds**
**2023**
**£**
152,986|**Total funds**
**2022**
**£**
294,692| |---|---|---|---|---|---| |||||152,986
(1,274)
(179,256)
(180,530)
(27,544)
-
(27,544)
92,407
**64,863**|294,692
(2,047)
(273,314)
(275,361)
19,331
-
19,331
73,076
**92,407**| ## **All of the charity's activities derive from continuing operations during the above two periods.** ## **The funds breakdown for 2023 is shown in note 11** The notes on pages 24 to 30 form part of these financial statements Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 22 Myra’s Wells 31[st] August 2023 ## Myar’s Wells ## BALANCE SHEET 31[ST] AUGUST 2023 |**Notes**
**CURRENT ASSETS**
**Debtors**
8
**Cash at bank and in hand**
9
**CREDITORS**
**Amounts falling due within one year**
10
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET**
**ASSETS**
**FUNDS**
**Restricted income funds**
11
**Unrestricted income funds**
**TOTAL FUNDS**
11|
|**2023**
**Total funds**
**£**
4,103
61,422|**2022**
**Total funds**
**£**
7,203
85,804| |---|---|---|---| |||65,525
(662)
64,863
64,863
2,249
62,614
64,863|93,007
(600)
92,407
92,407
5,358
87,049
92,407| The financial statement were approved by the trustees, and authorised for issue on ............................................. and signed on their behalf by: E Martin Chairman and Trustee The notes on pages 24 to 30 form part of these financial statements Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 23 Myra’s Wells 31[st] August 2023 ## Myra's Wells ## NOTES TO THE FINANCIAL STATEMENTS ## for the Year Ended 31 August 2023 ## **1[ACCOUNTING POLICIES ]** ## **Statement of Compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to the charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) - (Charities SORP (FRS 102)), the Financial Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparing the financial statements** Myra's Wells meeting the definition of a public benefit entity under FRS 102. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Going Concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** All incoming resources and included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Donations and Legacies** Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## **Expenditure** Expenditure is accounted for on an accruals basis. ## **Raising funds** These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 24 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) for the Year Ended 31 August 2023 ## **ACCOUNTING POLICIES (continued) Charitable activities** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** These include the costs attributed to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1, Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3, Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision of impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 25 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) ## for the Year Ended 31 August 2023 ## **2[INCOME FROM DONATIONS AND LEGACIES ]** |**2023**
**Unrestricted**
**funds**
**£**
Donations
133,583
Gift aid reclaimed
13,794
147,377
**Total Funds**
152,986
**3 EXPENDITURE ON RAISING FUNDS**
**a) Costs of generating donations and legacies**
**Note**
Marketing and Publicity
Total for 2023
Total for 2022
**4 EXPENDITURE ON CHARITABLE ACTIVITIES**
**Unrestricted**
**funds**
**General**
**£**
Well drilling and related costs
170,669
Total
242,051|
**2022**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
**£**
5,609
246,559
32,950
10,528
4,655
5,609
257,087
37,605
294,692
**Restricted**
**funds**
**Total**
**funds**
**£**
**£**
1,274
1,274
2,047
2,047
**Restricted**
**funds**
**Total**
**funds**
**£**
**£**
8,587
179,256
33,310
275,361| |---|---| The figure in the Unrestricted Funds indicates funds spent directly on drilling wells. Other costs, including administration, wages in Burkina Faso, travel etc. are included in the costs paid from the Restricted funds which had been contributed by the trustees of Myra's Wells. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 26 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) ## for the Year Ended 31 August 2023 ## **5 TRUSTEES REMUNERATION AND EXPENSES** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **6 TAXATION** The charity is a registered charity and is therefore exempt from taxation ## **7 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Restricted
funds
£
Unrestricted funds
£
2023
£
INCOME
Donations and legacies
257,087
37,605
294,692
EXPENDITURE
Raising Funds
0
(2,047)
(2,047)
Charitable Activities
(242,051)
(31,263)
(273,314)
Net Income
15,036
4,295
19,331
**8 DEBTORS**
2023
2022
£
£
Other debtors
4,103
7,203
TOTAL
4,103
7,203
Gift Aid reclaimable
1,745
829
Funds held in Burkina Faso
2,358
6,374
**TOTAL**
**4,103**
**7,203**|Restricted
funds
£
Unrestricted funds
£
2023
£
257,087
37,605
294,692
0
(2,047)
(2,047)
(242,051)
(31,263)
(273,314)|Restricted
funds
£
Unrestricted funds
£
2023
£
257,087
37,605
294,692
0
(2,047)
(2,047)
(242,051)
(31,263)
(273,314)|Restricted
funds
£
Unrestricted funds
£
2023
£
257,087
37,605
294,692
0
(2,047)
(2,047)
(242,051)
(31,263)
(273,314)| |---|---|---|---| ||15,036
||4,295
19,331| |||2023
£
4,103
4,103
1,745
2,358
**4,103**|2022
£
7,203
7,203
829
6,374
**7,203**| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 27 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) ## for the Year Ended 31 August 2023 ## **9 CASH AND CASH EQUIVALENTS** ||2023|2022| |---|---|---| ||£|£| |Cash at bank|61,422|85,804| |**CREDITORS: Amounts falling**|**due within one year**|| ||2023|2022| ||£|£| |Accruals|662|600| ## **10[CREDITORS: Amounts falling due within one year ]** Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 28 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) ## for the Year Ended 31 August 2023 ## **11 FUNDS** |**At 1 September**
**2022**
**Incoming**
**resources**
**Resources**
**Expended**
**Transfers**
**At 31**
**Unrestricted**
**General**
**87,049**
**147,377**
**170,669**
**(1,144)**
**Restricted**
Administration
costs
5,358
5,609
9,861
1,144
-
-
-
-
-
-
-
-
**Total Restricted**
**5,358**
**5,609**
**9,861**
**1,144**
**TOTAL FUNDS**
**92,407**
**152,986**
**180,530**
**- **
**At 1 September**
**2021**
**Incoming**
**resources**
**Resources**
**Expended**
**Transfers**
**At 31**
**Unrestricted**
72,013
257,087
(242,051)
0
**Restricted**
Administration
costs
1,061
10,354
-7,423
1,366
Purchase of 4x4
vehicle
-
27,252
(25,886)
(1,366)
**Total**
**Unrestricted**
**1,061**
**37,606**
**(33,309)**
**- **
**TOTAL FUNDS**
**73,074**
**294,693**
**(275,360)**
**- **|**August**
**2023**
**62,614**
2,249
-
-
**2,249**
**64,863**
**August**
**2022**
87,049
5,358
-
**5,358**
**92,407**| |---|---| The specific purposes for which the funds are to be applied are as follows: Administration fund: This fund holds specifically donated to cover the general administration costs of the charity. Purchase of 4x4 vehicle: Funds were donated specifically to purchase a 4x4 vehicle for the charity in Burkina Faso. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 29 Myra’s Wells 31[st] August 2023 ## Notes to the Financial Statements (continued) ## for the Year Ended 31 August 2023 ## **12 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Unrestricted**
**funds**
**General**
**Restricted**
**Funds**
£
£
Current assets
63,276
2,249
Current liabilities
-662
0
**Total net assets**
**62,614**
**2,249**
**Unrestricted**
**funds**
**General**
**Restricted**
**Funds**
£
£
Current assets
87,649
5358
Current liabilities
-600
0
**Total net assets**
**87,049**
**5,358**|**At 31**
**At 31**

|**August**
**2023**
£
65,525
-662
**64,863**
**August**
**2022**
£
93,007
-600
**92,407**| |---|---|---| ## **13 RELATED PARTY TRANSACTIONS** Nine trustees donated £4,665 to the restricted fund (2022: nine Trustees donated 10,354) to cover all expenses incurred in order to run the office in Burkina Faso and charity running costs in the UK. Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 30 Myra’s Wells 31[st] August 2023 ## APPENDIX 1 - LIST OF WELLS AS OF NOVEMBER 2023 Wells marked in green are the ones drilled in the year 2022-23. Wells marked in yellow have been drilled since September 2023 |Well
no.|Village|Plague||27|Bilanga|| |---|---|---|---|---|---|---| |||||28|Bilanga Aviation East of
Burkina|| |1|Zongo Boulimiougou
(school)|Myra's
Well||||| |||||29|Matiakoali|| |2|Bingo Village, Arbole|Myra's
Well||||| |||||30|Gonsin (called Gonse in
the Past)|Lauren's
Well| |3|Kasson|Nellie's
Well||||| |||||31|Zouma at Toma|| |||||32|Ouezala at Dedougou|| |4|Gatougou|||||| |||||33|Souris at Dedougou|| |5|Village of Hope, Yimdi
(childrens' Village)|||||| |||||34|Zangore /dano|| |||||35|Kimidougou|Jack's Well| |6|Zimzemdougou|||||| |||||36|Loumbila (college Des
Jeunes Filles De Loumbila)|Helga's
Well| |7|Myra|Eddie's
Well||||| |8|Taparkou|||||| |9|Mangagou|||37|Village De Timbila
Tenkodogo|| |10|Laaro (farm)|||||| |||||38|Village De Mogtedo|| |11|Fanka|George's
Well||||| |||||39|Village De Zorgho|| |12|Zanquengin(orphanage)|||40|Village De Tambetin|Edgar's
Well| |13|Ousi Village, Nadiala|||||| |14|Laado|||41|Tanghin Rail|| |15|Sabou/gounghin Village|Isobel's
Well||42|Village De Salmossi|| |||||43|Village De Chekol Kooba|| |16|Dapani, Bogande|Jean's Well||44|Village De Zaabanega|| |17|Kankanssi, Bogande|James' Well||45|Village De Tita Napone|| |18|Bilanga Bible College|||46|Village De Kamssi|Hope
Church
Well| |19|Boukou / Sigle ( Proposed
Secondary School)|||||| |||||47|Village De Nana|Connie's
Well| |20|Tanghin Dassouri
(taonsgho)|||||| |||||48|Village De Dimkoura|| |||||49|Village De Tiargou Ii|| |21|Leo|||||| |||||50|Village De Solenzo|| |22|Monda (near Tenkodogo
Bible College)|||||| |||||51|Village De Zaara|| |||||52|Village De Bouton|| |23|Kumbre/dori|||||| |||||53|Village De Nebrou-est|| |24|Silmaguie/dori|Sylvia's
Well||||| |||||54|Village De Kasso|| |25|Watinoma at Tanghin
Dassouri|||55|Village De Kou|| |||||56|University/yimdi|| |26|Villa at Sabou|||57|Gogo/komsilga|| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 31 Myra’s Wells 31[st] August 2023 |58|Bassimyam|||89|Kuinkinkuilga|VIIM
KOOM Zã
4:14| |---|---|---|---|---|---|---| |59|Village De Gorom-gorom|||||| |60|Village De Sapelo|||||| |||||90|Kenassoumbou|Sylvia's
Well| |61|Village De Nedego|||||| |62|Village De Goghin|||||| |||||91|Potimanga|Sylvia's
Well| |63|Village De Rondo|||||| |64|Sate/linoghin|||92|Sans Fil|| |65|Sabtenga/ouagadougou|||93|Secteur 1|| |66|Bilandjari|Genesis
Well||94|Weedou, Dori|Sylvia's
Well| |67|Margou/piela|||95|Wabaode|| |68|Bango/wadengo|Moira's
Well||96|Kokin|| |||||97|Mopinga|| |69|Ziga De Zorgho|Ivor's Well||||| |||||98|Yerganga|Cross
Country
Trains| |70|Guemssou/mane|Moira's
Well||||| |71|Tigendalgue/ouagadougou|||||| |||||99|Debere|| |||||100|Tangseega|Ebenezer| |72|Komki Ipala|Moira's
Well||||| |||||101|Nagare|Sylvia's
Well| |73|College Protestante
Annexe (water Tower)|Ron & Iris's
Well||||| |||||102|Boundougui|| |||||103|Yambassi|Sylvia's
Well| |74|College De Dapelgo,
Oubritenga|||||| |||||104|Siguivousse|Mary's
Well| |75|Laado Peulh/pibaore|Hedley's
Well||||| |||||105|Manssila|| |76|Nagerforrinni/bogande|||106|Kioura/ganwogde|| |77|Viou/komki Ipala|Jo and
Jamie's
Well||107|Kourkour|ICG| |||||108|Godogo|| |||||109|Benda Toega/yagma|David and
Sarah's
Well| |78|Silmiougou/ouagadougou|George's
Well||||| |79|Kouri/piella|||110|Valleé De Kou, Quartier 4|| |80|Bendogo/kaya|Gwen's
Well||||| |||||111|Toeg Yamba|Robert's
Well| |81|Kamboissin - Wobregre|Ashli's Well||||| |82|Kankamsse|Angela's
Well||112|Naf-banka|Pam's Well| |||||113|Saaba/darsalam|Sylvia's
Well| |83|Kondissi|||||| |84|Basanwara|Philip's
Well||114|Likinkelse|Meg's Well| |||||115|Yipaala|Roger's
Well| |85|Vara/to|||||| |86|Gabou|Fãangre
Koom||116|Rouko|| |||||117|Loukar|John &
Sylvia's
Well| |87|Noagtenga|Glenda's
Well||||| |88|Toukon|Stan's Well||||| |||||||| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 32 Myra’s Wells 31[st] August 2023 |118|Banamba|John &
Sylvia's
Well||151|Nigtinga
(nigtuiga/nigtiuga)|(no plaque)| |---|---|---|---|---|---|---| |||||152|Pougneerkougri|Rosemary's
Well| |119|Koumboura|John &
Sylvia's
Well||||| |||||153|Roumtenga/bouryiri|| |||||154|Laongo|Victor's
Well| |120|Windpagouri|Harry's
Well||||| |||||155|Legbanon|Ron and
Mary| |121|Nadjengoala|||||| |122|Torokauro|||||| |||||156|Natiera|Awesome
Adam| |123|Passakongo|||||| |124|Fouti|Eilleen's
Well||157|Gnangbanan|| |||||158|Kassigra|Margaret's
Well| |125|Tanhoko|John's Well||||| |126|Nassougou|John &
Sylvia's
Well||159|Sanatine|| |||||160|Larpar|Gladys'
Well| |127|Bougrala|Ivor &
Evelyn's
Well||161|Danguindougou|Lena's Well| |||||162|Tierkora|| |||||163|Tioyo|Ray and
Ruth's Well| |128|Yonbtenga|||||| |129|Yambelga Djomga|John &
Sylvia's
Well||||| |||||164|Ouadaradouo|Sylvia's
Well| |||||165|Zorkoum|Margaret's
Well| |130|Sigr Bila|||||| |131|Sapala|||||| |||||166|Tougre-napalgué|| |132|Yil-yaale/grande Samba|Betty's
Well||||| |||||167|Dem|| |||||168|Kaogo|| |133|Pelit Samba|||||| |||||169|Bondoukuy|| |134|Sissamba|||||| |||||170|Gosson|| |135|Riyalo|||||| |||||171|Zone Colline, Tougan|| |136|Koutoumtenga|||||| |137|Yargho/kinkirgho|||||| |||||172|Wakuy|| |138|Songdin/Songondin|||||| |||||173|Nabzingem/padre/yagma|Beryl's Well| |139|Bendego-pelle|||||| |140|Loripeni Secteur 2|||||| |||||174|Diebougou - Repair|| |141|Balantira-nabara|||||| |||||175|Zagtouli - Repair|| |142|Gbomkoro|||||| |||||176|Roumtenga|| |143|Hougarou/ougarou|||||| |||||177|Yimdi 3|| |144|Lierideni|||||| |||||178|Yimdi (retreat)|| |145|Tambifagou|||||| |||||179|Kamsandin|Honest
People's
Well| |146|Fandjora|Charles'
Well||||| |147|Fafo|||||| |||||180|Ramongho|Simon's
Well| |148|Wouskossogo|||||| |149|Tonon|||181|Simtenga|Don's well| |150|Dakola|Silverdale||||| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 33 Myra’s Wells 31[st] August 2023 |182|Zinguendinguin (blind
Centre)|Tony and
Winifred's
Well||210|Koadara|| |---|---|---|---|---|---|---| |||||211|Natiera School Water
Tower|| |183|Koudmi|Lena's Well
(2)||||| |||||212|Boasia|FORAGE DE
LA JOIE| |184|Saatenga Kamona|Ruth and
Peter's
Well||||| |||||213|Bassor|Brian and
Barbara's
Well| |185|Bantougri/sanrin|Colin's Well||||| |||||214|Tiguindalgué|| |186|Yabo|Souter||||| |||||215|Bissighin/saaba|Ruth's Well| |187|Basbedo/nebnooma|Roe's Well||||| |||||216|Koanda De Gompela|| |188|Koure|Georgina's
Well||||| |||||217|Tabtenga|| |||||218|Kriguilaungo/pela|Amour-
Espoir-
Futur| |189|Gbadou|Ron and
Mary's
Well||||| |||||219|Boulpon/konkobo|DIANA'S
WELL| |190|Tierdeni|Sylvia's
Well||||| |||||220|Ladiana|Sylvia's
Well| |191|Djefla/diefoula|Sylvia's
Well||||| |||||221|Googhin/tibrela|Forage de
Paix| |192|Leguema|Newsham 1||||| |193|Abc School Farm|||||| |||||222|Guy|Lena's Well| |194|Boby Secteur 3|Sherborne
GH Well||||| |||||223|Doulou/zapdin|Sylvia's
Well| |195|Bakonon|N'YAO
NDEEG||||| |||||224|Hampiera|Alice and
Stanley's
Well| |196|Kora|Joyce's
Well||||| |||||225|Wapassi Csps|| |197|Kamelekogodougou|Hope Well||||| |||||226|Bendatoega|Purslow| |198|Kerkou|Newsham 2||||| |||||227|Fondation Rama,
Sabtoama, Konbogdo|| |199|Quartier Planteur|||||| |200|Palpagdo|SML Poole||||| |||||228|Doure/manga/boala|| |201|Sinsinguene|D and D's
Well||||| |||||229|Tengandogo|Pat's Well| |||||230|Bazakema|STUART'S
WELL| |202|Tanvi|Uncle
Tom's Well||||| |||||231|Youlou / Nare / Sogpelce|Ash Vale| |203|Kuizili|John and
Jennie's
Well||||| |||||232|Sankuy|Edna's Well| |||||233|Kamsongué|JILL'S WELL| |204|Villy/kalsogo|Phyllis's
Well||234|Monomtenga|Jenny &
Peter's
Well| |205|Toanga|George's
Well||||| |||||235|Mongdogo|| |206|Sampogretenga|||236|Kombougou|Hugh's
Well| |207|Dimpaltenga|||||| |208|Dabaré|||237|Wapassi Village|| |209|Tougri|Stanley and
Alices Well||238|Saonré|| |||||239|Boassa|| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 34 Myra’s Wells 31[st] August 2023 |240|Kaonse/nandiala (kaossin)|||273|Kouba-kiempalga|Tony's Well| |---|---|---|---|---|---|---| |||||274|Kieryaoghin|| |241|Boala Ypala|Parkstone
GH||275|Koubri Bible College|Gateway
Church,
Florida| |242|Nioniondgo/kokologho|Joan's Well||||| |243|Palogo|||276|Balollé|Gateway
Church,
Florida| |244|Damketa|Parkstone
GH||||| |245|Soukomtenga|||277|Sogpélcé|| |
246|
Posomtenga|||278|Sala|Ash Vale| |
247|
Wapassi Rotary1|||279|Logofourousso|| |||||280|Nanwerga|Sylvia's
Well| |248|Wapassi Rotary 2|||||| |249|Sapouy (school)|Nongeb-
zanga Well||||| |||||281|Kopar|Sylvia's
Well| |250|Tébourou|No plaque||||| |||||282|Horao|| |251|Malou|||||| |||||283|Yagma Ecole Azaria|| |252|Neimatoulaye/tiefora
(nematoulaye)|Parkstone
GH||||| |||||284|Tanguiga|| |||||285|Basemyam|| |253|Satiri|David's
Well "Dieu
est bon"||||| |||||286|Kouro|| |||||287|Gouem/Nadiala|| |||||288|Yagma/Bendatoega
(Upgrade)|| |254|Toussianbougou|||||| |255|Tango-tango|Edna's Well||||| |||||289|Zongo(Upragde)|| |256|Banfora Csps|||||| |||||290|Sibi|| |257|Yoroko Feso|WIlmslow
Wells for
Africa||||| |||||291|Kakoumana|| |||||292|Toufoni|Sylvia's
Well| |258|Pefrou/bare|Good News
Well||||| |||||293|Karaborosso|| |259|Soanré/Sonré|(Rotary)||294|Sienna|Sylvia's
Well| |260|Nakosmtenga|(Rotary)||||| |||||295|Pisilla - Secteur 4|| |261|Zinguédéssé|||||| |||||296|Kuilyangdo/Banghingogo|| |262|Poessé|||||| |||||297|Songdin|| |263|Tougmantenga|Redeemer's
Well||||| |||||298|Bolgo-sorgho|| |264|Gondrin|Peter's
Well||299|Loyargo|| |||||300|Tansobentenga|| |265|Soumagou|||301|Guidgssouassa|| |266|Belemyoublin|||302|Sourgou|| |267|Nagzougou|Wales||303|Dapoya|| |268|Oufré|||304|Koanga|| |269|Sabtenga|Alderholt||305|Gouloure(Itaore De)|| |270|Souli secteur 1|||||| |271|Lougsi|Peter's
Well||||| |272|Kougsabla|Lena's Well||||| Myra’s Wells (Charity Number 1143345) Year ending 31/8/2023 Page 35