Myras Wells Register Charity Number 1143345 (England and Wales) Well number 295 at Pissila Myra's Wells Report of the Trustees and Unaudited Financial Statements Year ending 31st August 2024 Myra's Wells (Chartty Number 1143345)
Myra's Wells 31. August 2024 Myra's Wells 31" August 2024 Wel5 number 3¢X) at Tansobentenga Contents Report of the Trustees Page I Independent Examinerfs Report and Accounts Page 22 Appendix- List of Wells Page 31 Myra's Wells (Charity Number 11433451
Myra's Wells 31" August 2024 REPORT OF THE TRUSTEES For the Year Ended 31 August 2024 The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI applicable to charities. Re istered Chari number: 1143345 {Engiand and Wales) Trustees G E Martin BEM Tcarter P Martin L Partridge M Anne55 J Pusey C Jone5 J Nash Durin8 the year, Karen Martin lon 19 February 20241 and Sonja Warr lon 31" March 20241 retired as trustees. The remaining trustees wish to thank them both for their help in the past and continued help as volunteers going forwards. Address for Corres ondence 72 Oakhurst Road West Moors Ferndown BH22 ODR Bankers Inde endent Examiner Lloyds Bank plc 84 Victoria Road Ferndown Dorset BH22 9JB Miss J A Richardwn 32 Award Road Wimborne Dorset BH217NT Currency Cloud The Steward Bulldln8 12 Steward Street London EI 6FQ Governin&document The governing document is the Declaration of Trust dated 15th August 2011 and subsequently modlfied on 31 July 2019. Risk Management The tnjstees 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. Myra's Wells {Charity Number 11433451 Page I
Myra'5 Wells 31" August 2024 Procedures and oli for charitable distribution of eneral 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 or83nisations that haye approached the charity or which the Trustees have come into contact with. which require financial support in line with the objerts and artivities of the charity. Trustees, Remuneration During the year no trustees, nor retired trustees. were paid for their serlices to the charity. OBJECTIVES AND ACTIVITIES Objects and aims The Objects of the Trust, as stated in Its Trust Deed dated 15th Au8USt 2011 as amended on 31" July 2019 are.. lil to preserve and protertgwd heahh by providing finance forthe drillin8 of wells and the provision of clean water and to ensure wells are maintained and in working order.. lill to advance eduth*lon by providing assistance to schools. in particular but not exclusively through the provision of equipment and supplies for schools,. and (illl to relleve Ilnantlal hardshlp by supportin8 small agricultural/horticultural projects,. and livl to advance relS8lon by passing on gifts for the purchase of Christian literature, including bible5, to churches where poverty makes It impossible for local people to buy them: and Iv) to prevent and relleve poverty and further other charitable purposes 15pecifically, the social relief, resettlement and rehabilitation ol persons under a disability or deprivation) by passing on gifts for the relief of suffering caused by te15t activity land consequent population migratlonl, drought or other natural disaster. Public Benefit The trustees have considered the Charity Commi55ion's requirements in respect of Public Benefit and are 5atlsfied that the artivities undertoken are for the Public 8enefit and in occordance with the charitable Objects. Significont ortivities The prime activity continues to be the drillln8 of wells. All funds are directed to v115 projects, unless the donors specifically request that their donation be used toward5 one of the other Object5 set out above. While drilling new boreholes is the principal activity, Myra's Wells is happy to fund projects to repair and restore non-functionlng we115 if this is Cost effective. When reviewin8 applications for we115, the question "Are there any non-funttionin8 wellsf is key to a decision being made about drillin8 a new borehole. TRANSPARENCY OF REPORTING Myra's Wells has a policy of complete transparenry in all aspects of the work they do. Should there be ny questions about any part of this annual report. including the finance, you are welcome to emall us at info m raswells.or whether your interest is as a donor. supporter or a casual reader. Myra's Wells (Charity Number 11433451 Page 2
Myra's Wells 31" Au8USt 2024 ACHIEVEMENTS AND PERFORMANCE We115 projerts By the grace of God, Myra's Wells has undertaken 25 projert5 during the year. The headlines are: 16 new wells fitted with hand pumps: S new wells fitted with solar power pumps and a water tower: I repair to a well provided some year ago by another 38ency;
3 wells upgraded from hand pump to solar powered pump and water tower; no unsuccessful projects. The baslc statiStlcs about the 25 projerts undertaken usin8 funds supplied from Myra's Wells IUKI are these. Percentage of expenditure on types of projects Projects Boreholes drfued %ol CeTaIl Costs New wells drllled 21 27 88 Failed driltsng Repalrs Conversions Tnt,I1% li 27 loo Drilling success rotesfor new wells Myra's Wells normal policy is to try up to three boreholes at a gplen site. If the first borehole is negative, a second will èlmost always be tried. If the second borehole is ne8ative, thought and prayer are given about whether to try a third borehole. During the current year. the SUC$5 rate by number of boreholes has been.. Success on 1st attempt Success on 2nd attempt Success on 3rd attempt Failed after 2 attempts Falled after 3 attempts 17 81% io% The I" borehole success rate of 81% was well above the previous yearfs rate of 70%. Myra's Wells (Charity Number 11433451 Page 3
Myra's Wells 31° August 2024 Overall, for the 21 new well projects. there were 271)oreholes drilled meaning 1.29 boreholes per projert. This is also a better rate than the 1.42 iK•reholes per project in the previous year. As a Christian chafity, we acknowledge God's goodness. There has been no chan8e to procedures to produce this result. In addition it should be noted that one projert. where three boreholes were drilled. has both a water tower on one borehole and a hand pump on another borehole. More about this is noted below. Successful new well projerts Of the 21 successful new wells projects, 16 were finished with hand pumps and 5 were finished with watertowers. The main areas of operation have been in the following regions of 8urkina Faso: Cascades & Sud-ouest Centre & Centre Sud Cenlre-Nord & Boucle du Mouhoun Centre-ouest Plateau-central io Centre ond Centre-sud These reglons include Oua8adougou and other places towards the west and south whlch are wlthln about 40 miles of Ouagodou8ou. The security within this area is considered good with little, or no real threat, to operations. The fact of proximity to the capital is no guarantee of having clean water available and there are many reque5t5 for help. The towns in this area are rapidly growin& especially around the edge of Ouagadougou and houses are built, with little or no plannin& and always without a supply of clean water. 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 ty two factors.. The better economic prospects presented by the capital,. The continued mlgration of Internally Displaced Persons from the areas still affected by the Jihadist violence. Where sources of clean water are already available, there is often a huge demand with long queuing time for a turn to use the pump or taps. The existence of water will attract movement to the area which only increases the pressure on the available resour5. MyTa's Wells Icharity Number 1143345) Page 4
Myra's Wells 31 August 2024 For thi5 reason. it 15 almost essential that boreholes are finished with solar pumps and water towers which can cut the time to fill containers to a quarter of the time needed at a hand pump. I three of the conversson lupgradel projects were at wells in Ouagadougou provided prewously by Myra's Wells and finished ori8inally with hand pump5. One was the very first Myra's Well at Zongo. Here. when the borehole was drilled in 21x16. there area was the edge of Ouagadougou. The city now extends another kilometre or more beyond and a water tower wa5 really needed. The stories were similar at the other two locations in Yagma and Sabten8a. Centre-Oue5t Thls area centres largely around Koudougou whlch, In common with other large towns, has seen huge increases in population. Two of the trustees visited the area in January and saw tremendous need in some places. The decisions about hand pumps or water towers are less obvlous than In Oua8adou8ou. It depends upon the local conditions. One place vislted in January was a village no more than five miles from the centre of Koudougou, but where the local people were still using a traditional open well. One man claimed to be 89 year5 old and had never had dean water available to him. This was one of the five projects undertaken in the area. Cascades & Sud4)uest These regions include parts of Burkina Faso that are furthest from Ouagadougou. Four of the five projerts here were at least 490 .& * kllometres from the capltal. It is an area that feels forgotten by the central administration and has also suffered from exiremist activity. The security situation 5eem5 to have been stabilised to some extent here ané Myra's Wells has been able to help sorne very needy villages. The phot05 that we received with the requests from the area very often show women and chlldren at a rrver collecting dirty water to drink. Myra's Wells Icharity Number 1143345) Page 5
Myra's Wells 31" August 2024 One of the projects in this orea was a repair to an existing hand pump installed manv years ago. The borehole was good, but constant use of the pump had brought it to the end of its life. Centre-Nord & Boucle du Mouhoun These areas present two potential problem5. Firstly, they are more Vulnerale to extremist attacks and secondly, it can be hard to find water when drilling. However. partly because of these problems. there is great need. One of the wells was needed betause of huge numbers of Internally Displaced People arriving fleeing the violence further north east. The pictures we received before agreeing to drill showed hundred5. if not thousands of containers waiting to be filled from a tanker sent by the government to give water to hundreds of people. Even now. with the new well, the queues are long and at the point of wrifing this report in Decernber 2024, we are happy to say that further well has been provided in this area durin8 the new financial yeai. Ploteau-centrol This is the area to the north of Ouagadougou. It is relatively safe compared with the Centre-Nord area further north, but shares the problem of being difficult to find water when drilling. One of the wells here needed three l)oreholes before a sUStainable source of water was found. The other well was at a vill38e where a new distrirt had no easy access to water. Finishing options The two finishin8 Options that are available are Hand pump with a Concrete surround and cattle drlnkin8 trou8h: Solar powered pump wlth a water t¢)wer and taps. The relative cost differences are indicated in the "Cost of Wells" section but, in 8eneral. 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 bein8 considered. Wellsfinished with Hand Pumps Of the 215uccessful new well projects, 16 were finished with hand pumps. These Vre mainly wells located Sn more rural areas. In places where the p)pulatlon is less dense- typically rural villages- hand pumps ère the most econornical 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 6oes about their business. It is worth mentioning that the cost of hand purnps has decreased dramatically. Two years ago, they were osting around 525.CPJO CFA lapprox. £6851. The original supplier, which we stopped using at that point, is now supplying at 325,(MXJ CFA lapprox. £4241. The quality appears to be still as good. Myra's Wells (Charity Number 11433451 Page 6
Myra's Wells 31 Au8115t 2024 Wellsfini5hed with Water Towers This year. S of the 21 successful new well projertS were finished with a solar powered pump. water tower and taps. Within Burkina Faso, the trend continues 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.. Hlsh flow rate. In cases where the flow rate is high- perhaps over 6-71xKI litres an hour, the amount of water available would seem almost wasted when only 4-500 litres an hour can be purnped. In these c35es. and perhaps for lower flow rates. if there 15 a good rea50n that justifies the extra expense, then a water tower will be considered. Good reasons include: Market Gardens. The possibility of a market garden project. Ll¥estock breeders. The existence of breeders with larger herdslflocks. Other cotwe Industrles which need 8ood supplies of water. Exlstence of nearby cllnlcslschools where the current water supply is inadequate. Expe¢ted populatlon grt)vrth- where there 1$ good rea50n to belleve that thls is Ilkely. Densely populated area. In general, it takes between 3 and 4 minutes tts fill one bidon using a hand pump. To fill one bidon from a water tower takes less than I minute. Effertively. 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 fate is sufftcient to be sustainable. Size of tonks The usual choice of tank fitted 15 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. rower structure The cost of the tower structure itself has seen price rises since COVID. The is mainly due to increases in the cost of the metals used. 8efore COVID, the price was around 525.C4XI CFA lapprox. £6851. During this year, the price has been more like 725,CKKI CFA (around £9401. although this seems to have now stabilise(t. Suppliers In general, for the we115 in the Ouagadougou area, the surveyor is able to Provide the pump, panels. cabling and tonk. A metal fabrication Supplier will provide the tower. Myra's Wells Icharity Number 11433451 Page 7
Myra's Wells 31" August 2024 In area5 towards the west, a company called Nelson Solar may be better suited to provide the complete package as the company has an operati{ based in P(>-DIoujasS0. Unsuccessful new well projects We exercise considerable care in choosing which sites to drill- see below under Well Site Selection. So, when drilling 15 unsuccessful, it is a great sadness. Myra's Wells. policy is to always try a second borehole rf the first borehole is dry- Of rf it does not meet the minimum flow rate of 7LK) litreslhour. If the second borehole is also a negative. the UK trustees will consider whether to try a third borehole. This decision can be difficu. It has to be a balance of a number of fattor5 which include Advice from the surveyor The size of the need at the wllage Funds available and the needs of other villages The decision is made after careful consideration and prayer. It is worth noting that, in the event of a borehole being negative. the surveyor makes no charge. In this financial year, we praise God that there was onty one projert that was Seft with no water being found at the end of the year. Happily. the third borehole has since been drilled and the well is now finished with a water tower. The costs of this well will be induded in the new ¥earfs figure5. Well repair pmjects 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 Three wells previous fitted with hand pumps have been Converted to solar powered pumps and a water tower this year. Drilled in 21J)6. the borehole is still prodtscing a strong supply of clean water. Following the huge growth in population noted above, there was a need for a water tower to supply the school and the lar8e number of surrounding houses. The government supply in this area ha5 improved Significantly, but there is still a real need for this well. 21 Yo]gi'; utskirt5 of Ouaqadougou. Trustees visited thi5 well in and found there were over 21XJ containers waiting to be filled from the hand pump at about 11-30 in the morning. Thi5 huge densely populated area is still seeing growth. The new water tower has four LIp5- and there is still a queue to use them. 'LTr',-I ODagadougou where the original hand pump kept breaking because the depth of the water table was putting too much strain on it. The provision of a water tower will prevent it falling into disuse. which would have seen the initial investment become wasted. Water Minist Ins ection of wells There was no Government inspection in Burkina Faso this year, following the satis*actory inspertion last year. In the inspection in July 2023, the government minister expressed thanks and commented that thev could not manage without help from Myra'5 Wells. Myra's Wells (Charity Number 114334S) Page 8
Myra's Wells 31sr Au8llSt 2024 Cost of Wells Basic details We receive invoices from Burkina Fa50 which show us the costs of each project. For wells that have been ¢ompleted during the year, the total of these invoices is just under 84,IJOO,000 CFA. The Charity has benefitted thi5 year from a better GBPIEUR rate which has worked out at an average of 1.1676, up from 1.1493 in the previous year. Together with the fixed rate of 655 CFA/EUR, this equates roughly to just Under £llO,OCM). The individual components of this overall expenditure are: eratln This includes the costs of the offitr in Ouagadougou. These costs afe covered ty the MWIUKI trustees through the separate admin bank account. Costs of travel. including costs of necessary site visits before or after the well is fin15hed. Some essential operatln8 Costs, Includin8 the maintenance of vehicles (without which the Charity could not operate) are considered to be part of the cost of drilllng wells. Surv cos Surveys are carried out, before drilling commences. by one of two or three highly qualified surveyors Itwo of whom are university teachers). Occasionally, a traditional surveyor will be asked to look at a site if there have been two negative boreholes. For wells that do not produce water. the surveyor does not make a char8e. Drilling is carried out by a number of reputable drilling contractors depending upon the aa where the site is located. Water Testln This Is carrled out. Usually. in Ouagadougou. There are three laboratories that are used, Burkina Labo being the most regular. tatuto rt followln drlllln re This is sometimes prepared by the drlllin8 contractor, sometimes by the surveyor. Pum hand + Sum)unds when the well Is finlshed wlth a um Thi5 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 surroundin8 wall and drinking trough are not always needed. It has been noted above that the Cost of hand pumps has fallen this year. from a hlgh of 525,000 CFA1£6851 to 325.IXQ CFA {£424). Borehole cleanln before the Is fftted Myra's Wells (Charity Number 11433451 Page 9
Myra's We115 31st August 2024 During this proce$5, the debris left in the borehole by the drilling proce55 15 removed 50 that the water is clean. This also usually results in an increase in the flow rate. indicating a well that is more sustainable than originally thought immediately after drilling. Water tower when this is deemed to be appropriate There are three distinct parts of this proce55 which are: Solar powered pump with the appropriate cabling arKI solar panels The tank The tank support Sometimes, these are provided by one supplier,. other times. two of three moy be involved. It has been noted above that the cost of the tower itself has increased from 3 low of around 525,IX)O CFA1£6581 to about 725.OCMI1£9401. Tralnln This includes time spent training the well committee and local population on the care and use of the pump. Number This 15 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 ol these plaques 15 about £10 each. Average costs of wells The avera8e prlce of the projert undertaken this year has fallen. The reasons for thls are.. al The balance between projects flnlshed wlth hand pumps and those finished with water tower5 has changed. Last year there were 10 hand pumps and 13 water towers. This year there have been 16 hand pumpsand only S water towers. This chan8e of balance is a reflertion of the places where we have drllled- thefe have been more rural areas and less in the towns and cities. ue The more hand pump5 there are compared with water towers. the lower the avera8e project costs will be. In thi5 next financial year. the choice of locations may le3d to the average projert costs belng higher again. bl There have been less projects further away frorn Ouagadougou. Projerts further from the capital incur higher fees for the surveyor and drillin8 companies. cl With the hand pump5 bein8 cheaper this year than in the previou5 year, the preponderance of project5 Using hand pumps means that this will also have had the effect of lowering the average proffiect cost. dl There were no unsuccessful projerts during the year. In the previous year, this had a large impart on the overall average project costs as each unsuccessful project Is likely to have incurred around £IOCKI-£1200 for each of three negative boreholes. Going forwards. it is anticipated that more water towers will be needed and, as a consequence, the figure quoted as answer to the question "How much does a well cosv la frequently asked question) will be answered that it depends, but on average it works out at about £5.5(K). Myra'5 We115 Icharity Number 11433451 Page 10
Myra's Wells 31. August 2024 Overoll costs of wells byfinishing type There is a significant difference between the costs of hand pumps and water towers. This is reflerted in the average cost of each type. The statiStiC5 for the year 2023-24 are: Cost er well for successful new wells Costs for successful PfoJe¢ts Numb Average cost Wells finished with a hand pump We115 finished with a water tower 16 3,894 6,661 Average over successful new wells 21 4.553 Cost er well Includin unsuccessful As there were no unsuccessful projects in the year, there is no impact upon the average c05t. Cost er well when COnr$10n ro.ects a Included Including the three ConverOn projects, the average is reduced. Costs for successful projects Plurnber Avera8e C05t Wells finished with a hand pump Wells finished with a water tower Cost ol conversion proiecls Average over new proiecls and conversion projecls 16 3,894 6.661 4,182 4,506 24 Cost er well overall, includlng repalr projerts The following table shows the overall average when the one repair project 15 included. Average cost Costs for su¢cessful projerts Number We115 finished with a hand pump Wells finished with a water tower 16 3,894 6,661 4,182 1,447 4,384 Cost ol converslon projects Cost of Tepair projects Average cosl over all projects 25 What this emphasises is the financial advantage of carrying out repairs or swappin8 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 savin8 in the region of £4CwJ on a future project where the reconditioned hand pump will be used in the future. Expenditure on Projects ond 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 Myra's Wells Icharity Number 11433451 Page 11
Myra's Wells 31 August 2024 are just two people employed there- one for administration and one as a driver. All other trustees and helpers in Burkina Faso are unpald volunteers. Any expenses incurred in the office in 8urkina Faso are covered by trustees in the UK. The office itself is in a church building and the church allows 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 Iso farl accept any funds. All expenses incurred in the UK. including all travel. publicity, Postage etc, are covered by contribution5 from trustees. This table shows the expenditure on Operatin8 Costs. General Admin. Postage and Stationery Office Expenses18urkinal including salaries Travel 819 2,895 493 Plaques Publicity Governance 3,669 6W In this Current year, this represents around 6.46% of total expenditure. This percentage is a little more than the previous year, but this is mainly due to the cost of the concert given by Philippa Hanna, the c05t of which wa5 covered by donation5 from the trustees. It also resulted in some donations for whole wells. This allows ILKJ% ol public donation5 to be used for drilling wells. Of the above, the only costs that are considered part of the cost of drilling wells is the maintenance of the vehicles which amounted to about £2000- higher than in other years as the old original 4x4 was fitted with a new engine to be a back up to the newer Hilux. All costs in the UK and the salaries of the paid staff in 8url(ina are covered by the trustees. Well Site Selection Choosing where to drill This is. perhap5, 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 m05t needy places is at the top of the agenda. No account is taken of ethnic or religious backgrounds in choosing which are the most deservin8 sites. b, 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 villagelarea. It also helps us to decide if the designated place for the well is appropriate for a new well - that is. whether there 15 evidence of people living Within a reasonable distsnce of where the well is planned. A sub-committee considers request5 Wlth a view to plannlng a batch of (perhaps) S places in the same area. Myra's Wells (Charity Number 11433451 Page 12
Myra's Wells 31" August 2024 Further refinement of the selection form will be made. During further visits to Burkina Faso, efforts will be made to show where details ale lacking in the information which is given. It is recognised that there are language difficulties which make it difficult for some to provide the inforrnation for which we ask. Contacts Our main contacts, in the process of finding the most needy villages, continues to be our church and rnission contacts in Burkn'na Faso. together with retired missionaiies who have their own trusted contacts still in Burkina Faso. Well maintenance The malntenance reglme, 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 15 responsible for collecting very small amounts of money, 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 fund5 to cover most repairs. Trainin8 in the use of the pump, cleanliness of the pump area and personal hygiene, is glven to as many of the village people as possible. In area5 where some children have never washed, this advice is very necessary. The committee, together with as many as possible from the village. receive basic trainlng from professional trainer. If the well is completed with a hand pump, after the training is 8iven, a small klt ol grease and some small spare parts Is left wlth the committee memberlsl responsible for the pump maintenance. Well committees are established irresperti¥e of whether the h"nishin8 15 a hand pump or a water tower. Sustainability In the current climate-aware times, sustainability is an important consideration for Myra's Well5. The climate in 8urkina Fa50 15 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 there15 more and more requirement for water. This is exacerbated by the population migration caused by the increasing terrorist threat, causlng existing facilities lespecially water and foodl to be under increased pressure in many place. Myra's Wells continues to provide sustainable we115. By ensuring that the sources of water have sufficient flow rate before pronouncing it as"positive-, the subterranean water re50vrces will not be overstretched and will continue to provide for the needs of local people. Myra's Wells (Charity Number 11433451 Page 13
Myra's Wells 31 August 2024 Non-water ro ects Villoge of Hope In september and October. Michel and Samuel Ouedraogo paid a visit to the UK. They visited a number of churches. mainly in the Bournemovth area and this resulted in some gifts being received to be passed on to Village of Hope to support their work of lookin8 after semi-orphaned children. The Village of Hope projert provides accommodation and schooling for children whose parents are unèble to look after them for various reasons. Durin8 the holidays. the children return home and come back to the Village for the next term. These gifts amounted to £2.634. Other projerts Other than three small donations de5i8nated as sUPPOrt for children at Zongo school, there were no other non-water projerts 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 m05t needy places of which we know. Su orters Major Donors During this fin3ncSal year, there were donatlons from Indlvlduals and one charitable organisation for whole wells. Thls Included donations from trustees. These funds have made provision for 13 wells. The details are.. Amount Wells 27750 Trustees Supporters Charitable or8anlsations 3651 The amounts varied and do not include any GiftAid that associated with the donations. Some were designated specifically for projects that are finished with water towers. It should be noted that six of the donations were made after the end of April which means that they will be used for wells In the next flnancial year. Regular donors At the end of the year, there were 63 regular donors, contributing a total of about £ICW a month to the funds. Thi5 does not include any GiftAid that is attributable to these donatlons Trustees, together with two retired trtsslees, collectively dgnate approxirnatefy £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 rnaking funds available for drilling wells. Trustees visit to Burkina Faso During January 2024. Eddie Martin ènd Mark Anne55, together with a young man from Moorlands Blble College, spent time in Burkina F350. Over the course of about three weeks, visits were paid to a good number of exi5tin8 wells and sites from which requests for wells had been received. Myrè's We115 (Charity Number 11433451 Page 14
Myra'5 Wells 31 August 2024 This was a profrtable time with about twelve new wells bein8 commi55ioned. As Ltsual, there were visits from pastors requesting new wells. Also. as usual, the information given on the application form5 wa5 of variable quality and. invariably, incomplete. This is 3 problem which will be taken up with the helpers in Burkina Faso. It 15 reco8nised that this is partly due to cultural differences and, in some Cases, language and literacy difficulties. It was noted, in travelling around. that the Russian influence has grown considerably with the Russian flag flying from a number of buildings. RISKS Risk 05ses5ment A Risk Assessment document is available upon request. Security ond Terrorlsm Following the military coups in 2022, the security situation appears to have settled somewhat. While the extremists stlll control a large part of the country, thls c¢)ntrol does seern not to have grown durins the year. The local people are more confident about the situation and have reported government forces takln8 pfoattive artlon In dealing wlth threat5 from the extremists. This view need5 to be tempered by the fact that the regime is becoming more authoritarian and has banned some of the highly respected news a8encies lincludin8 the BBC and French press) from reporting about affairs. However. the anecdotal evidence is encouraging. Reports of attacks by Jihadists are appearing less often in the pre55 than previously- although the caveat of press restriction needs to be remembered. Some areas, IncludSn8 the south west, certainly feel safer. While the trustees would not want to travel to these areas. local people report feelin8 safer. Even in the North East. we have heard of people returnlng to some of the villages that were abandoned a few years a80. 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 con51dered too dangerous to ask those involved in the drillin8 process to vislt. Ultimately, thi5 will be the declsion 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 SO or 60 km from Ouagadougou In ny direction- although Koudou8ou1100 km to the we5tl would be considered safe. Data protection and Child Protertion policies These policies are available upon request. and exist for both Myra'5 Wells UK and Myra's Wells Burkina Faso. ADMINISTRATIVE MAThERS Relationship with Myro's Wells (International) Myra's We115 Ilnternationall IMWII is a charity registered in Burkina Faso to carry out operations there. This operates in the sameway as Myra'swells in the UK. There are now two employeesfunded by the UK trustees. Nobody else involved in the charity receive5 any remuneration from the wells fund, although Small amounts are paid for expenses (telephone calls and travelling in connection with making arrangernents for the drilling operation). The Trustee5 are all Christians who give their time voluntarily. Myra's Wells Icharity Number 11433451 Page 15
Myra's Wells 31 August 2024 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 schedule 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 although online banking is becoming more used. 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 belore and after the drilling process. Myra's Wells regards cost5 associated with these vehicles to be part of the cost of drilling wells. There is also an older 4x4 which is maintained as a back up in case the Hilux is out of action for any reason. Fuller details of this relationship have been formalised into a Memorandum of Understanding which is available upon request. NGO status In September 2021, MWI achieved NGO status. The main effects of this are- 11 There is no duty to pay on Imported good5. This was a big advantage when the new Toyota Hilux vehicle was delivered in January - import dity can be very high and accordin8 to the offi'cial's whlm. 21 There is a requirement to have 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 ernployees. 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 visltln8 the vlllage5/areas from whlch requests have been received. Pledge." "100% goes to wells" Myra's Wells contlnues to honour the pledge that all monies received from donor5, and all tax reclaimed, wlll be used to finance the well projects. unless otherwise specified. The trustees personally fund all other expenses. GIftAid, reclaimed on donations made by trustees for administration costs. will normally be used for wells dministrative purposes. Trustees As noted above, Karen Martin and Sonja Warr both retired as trustees during the year. Both still continue as helpers. The remaining trustees wlsh to thank thern both for theif help with the charity. All trustees are Chrf5tians who are known personally by the existing trustees. A more formal Recruitment and Training Policy will be developed during the next financial year. Contoiners In line with the Trustee5' decision reported previousfy. no ¢ontainer5 have been sent to Burkina Faso this financial year. Myra's Wells (Charity Number 1143345) Pa8e 16
Myra'5 Wells 31" August 2024 Communication with supporters Opportunities are taken when trustees are invited to speak at Imainlyl churches and church artivities le.g. Men's Breakfasts). This year, there was the opportunity to 8ive a presentstion to a Pro8us meeting at which around 40 men were present. The regular quarterly newsletter continues by email (using Mailchimpl and by post. At the end of the financial year, there were around 380 recipients for the emails and about 30135 regular recipients for the posted newsletter5. 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 answerto prayer. The"open rate" for this sub-set is usuallv in around 75%. Fundraising This year, we were able to arrange a concert given by the Christian singer Philippa Hanna. This was kindlv hosted, without charge, by a church in Poole which regularly supports the work of the charity. Thi5 event attracted over 200 attendees and resulted in two people paying for whole we115. in addition to the funds raised from tlckets. GiftAid and VA T Myra's We115 claim5 GiftAid on donations when the donors complete a declaration to confirm that the donation is eligible. Myra's Wells Is no lon8er reglstered for VAT. Updoted and new policies Following advice from our Independent Examlner, some existing policies and some new policies are being reviewed. It Is expected this review will be completed during the next financial year. The policies beln8 reviewed or put in place include: Social Media
Bullying Confidentiality Rlsk Investing Funds p Financial Reserves p Safeguarding p Relationship with MWI (Memorandum of Understandin81 FINANCIAL REVIEW Summary offinonces Currencyfluctuation Myra's Wells holds funds in Euros. The GBP valuation of those funds is afferted by fluctuation in the GBPIEUR exchange rates. A conseqvence of thi5 rt that the Brought Forward figure from the previou5 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. Myra's Wells Icharity Number 11433451 Page 17
Myra's Wells 31 August 2024 The GBPIEUR exchange rate has worked in Myra's Wells's favour over the year. It rose steadily and when Euros were bought In July. it was a little over 1.18. The average ol the year was about 1.1676. Income Total income In the year. after adjusting for accruals, was £159,717. Assets Myra's wells has no fixed assets. At the end of the year, the current assets were £IW,831 being the sum of funds held in the UK bank accounts and debtors. Donatedfor wells The funds donated for wells during the year. as shown in the cashflow, were £126,725, marginally less than the previous yearfs total of £129,455. Donotedfor orher purposes Following a visit from Michel and Samuel Ouedraogo, who run the Village of Hope school and refsJ8e, £2,634 was donated by various churches in the Bournemouth area. This was passed on to fund their work. Donotedfor odministmtion The total donated specifically for administrative costs was £8,969. This is higher than the previous year as there were a number of exceptional costs that needed to be met. These included the cost of the Philippa Hanrba concert lapprox. E24001. Donafionsfrom Overse05 This year, there were just three donations from overseas donors amounting to £212 from USA and £200 from France. Reserves Pollry Myra'5 Wells does not maintain a fund of monies held back from bein8 used. In principle, funds are used to drill wells as soon as is practicable. The list of requests far exceed5 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 re8ularly 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 ralny season- June to September. it is difficult to drill wells. This is because the roads in Burkina Faso, awoy from the major routes. are made from compacted soil. In rnany of the villages, the soll is not even compacted. The effert ot this IS that it is not possible to take the dri15s to the place5 where wells are needed. Consequently. money donated from about April onwards will remain in the bank accounts until late October when drilling is again possible. Thi5 15 why there is usually a balance carried forward in the bank accounts from year to year. At 311812024, the balances carried forward were: UK Bank accouftts Lloyd5 Restrlcted funds Unrestricted funds Currency Cloud GBP fund 19.091 2.503 1.038 Myra's Wells (Charity Number 11433451 Page 18
Myra's Wells 31 August 2024 EUR Fund (GBP equNalentl USD fund IGBP equivalentl 66,207 Total 88,839 There was also a balan¢e left in the bank In Burkina Faso. As this money has left the accounts that belong to the charity, this is treated as a debtor in the balance sheet. The figure at 31" August 2024 was 4,537.594 CFA- equivalent to £5,861 at the year end G8PIEUR rate of 1.1819. Expenditure Funds amounting to £119,893 for Wells were despatched to Burkina Faso. Funds are sent at times when they are needed, usually when a new batch of we115 is about to be drilled. This ensures that there is not too much money left in the bank accounts in Burkina Faso. For other cost5, £2.616 was also sent to Burkina Faso for Village of Hope and £100 for the support of children at 2ongo School. Exceptional costs There were no exceptional costs durin8 the year. Funds carriedfonvords At the end of AuBUSt 2024, the funds carried forward in the UK were £100,169. The funds held in the We115 account in Ouagadou8ou were 4.537.594 CFA. At the average exchange rate used in the accounts preparation, this represents approximatety £5,861 which 15 shown as a debtor in the balance sheet. Bank Accounts Myra's Wells, bank has been Lloyd5 Since the charlty was registered. The maln bank accounts are still with Lloyds. Myra's Wells also has an account at Currency aoud uslng the portal provided by Jackson Swiss Ltd. Accounts are open for GBP, EUR and USD. This makes the process of tr3n5ferrin8 money to Bvrkina easier as well as a route for receiving donations In USD. More importantly. it enables us to buy Euros at a time when rate5 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 wlth Lloyds plc., and two accounts held at Currency Cloud. The accounts at Lloyds ère: "Wells" occount All donations are dep051ted in this account. includin8 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 well5. Receipts into this account are analysed in the accounts records to show donations for separate causes allowed by the thariws Objects. "Admin- occount This account is used for- o Gifts received for administration and publirrty; Myra's Wells (Charity Number 11433451 Page 19
Myra's Wells 31 August 2024 Gift5 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. On occasion5, a part of the GiftAid repayment which has been reclaimed on donations from the trustees may be put 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 wovided 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 rate5. Most transfers into the account will be from the Thvells" account at Uoyds. However, with the two salaries being funded the UK trustees. regular transfer5 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 Wtth the purchase of the 4x4 but is also useful for receiving donations in dollars. FUTURE PLANS Well projects At the time of preparing this report in December 2024, 14 projects have been completed in the new financial year. We anticipate more wells wll be provided in the new year. This wtll probabty be a rnixture of new boreholes, repairs to non-funttioning old wells and possibly some upgrades to change hand pumps to solar powered pump5 and water towers. There are many requests for wells in our files, the majority of which are deserving causes which we have not yet been able to fulfil. Whatever money is made available will be spent in fulfilling these and other new requests that continue to be received. TRUSTEES, RESPONSIBILITIES FOR THE ACCOUNTS Charity law require5 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 tts financial artivities for that period. In preparing those financial statements, the trnstees are required to- selert suitable accounting policies and then apply them con5iStently,' 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 ère 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 Myra's Wells IC*arity Number 11433451 Page 20
Myr*s We115 315tAugust 2024 a55ets ofthe charity and hence for taking re¢lSonable steps forthe prevention and detection of fraud and other Irregularitie5. The above report Wa5 approvèd by the Trttstees on... and slEned by: .. Trustee George Edwln Martln Myra's Wells {Charity Number 11433451 Page 21
Myra's Wells 31" Au8USt 2024 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 2024. Res ective res onsibilities of trustees and examiner As the trustees of the Chartty you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 20111'the Art,). I report in respect of my examination of the Myra's Well's account carried out under sertion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction5 Biven by the Charity Cornmission under section L451511bl of the Acl. 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 re5pert: l. accounting record5 were not kept in respect of Myra's We115 as required by sertion 130 of the Art,. or 2. the accounts do not attord 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 Ret4)rtsl regulations 21J)8 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 thi5 report in orderto enable a proper understanding of the accounts to be reached. Miss J A Richardson FCA FCCA DChA Date .. Myra's Wells (Charlty Number 11433451 Page 22
Myra'5 We115 31* August 2024 Myra'5 Wells ststemerrt of finJn¢ial Adlvlties fLrtheYear Ended 31Augu5t 2024 Unrestrfcted Re5trfLled Totsl funds Total funds funds frjnds 2024 2023 Notes INCOME AND ENl)OWMEts FROM Oonatlons and legacies TOTAL 150 748 69 159,717 152,986 152 986 EXPENDITURE ON Ralslngfunds 13.669) 13,669) 11,274) Charltsble activlties 120 742 179 256 TOTALEXPENDITURE 180 NEf INCOME Transfers Net movement In funds 31,642 11.1981 3,664 1.198 3506 127.5441 35.306 127,544) RECONauATION OF FUNDS Totsl funds broughtforward io 62.613 2250 64,863 92.407 All of the charfty's actfvitles derfve from contlnulnE operatlons durlng the abDvetwo perfods. The funds breakdown for 20241$ shown In note 11. The notes on pages 25 to29fomJ portoAthesefinanciol statements Myr4's Wells {Chartty Number 1143345) Page 23
Myra's Wells 31st August 2024 Myra's Wells Balance Sheet 31 AUgt 2024 2024 2023 Notes Totsl funds Total funds CURRENfASSETS Debtors 11,992 4,103 Cash at bank and In hand IIXl.831 65,525 CREDrroRS Amounts f•llln8 due wlthln one year io (6621 {662) TOTALASSEfs LE55 CURRENT LIABILMES 100,169 64.863 NEfASSETS FUNDS Regtrlcted Income funds li 7,112 2,249 Unre5tr1rted Income lundi 93x157 62.614 TOTAL FUNDS The fjnancial statement were apwoved by the tnjstees, andauthorIs fi)r Issue on bQfQi4 and sl8ned on thelr behèlf by. G E Martln Chalmlan and Trustee The notes on pages 25 to 30Aorm part of thesefinanclalstotements. Myra's Wells (Charlty Number 1143345) Page 24
Myra's We115 31" August 2024 Myra's We115 Notes to the Flnanclal Statements for the Year Ended 31 August 2024 I ACCOUNTING POLICIES Stotement of Compliance The financial statements have been prepared In accordance with Accountlng and Reporting by Charltles: Statement of Recommended Practice applicable to the charities preparing their accounts in accordance with the Financial reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective january 20151 (Charitie5 SORP IFRS 10211. the Flnancial Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preporing thefinanciol stotements Myrè's Wells meeting the definition of a public benefit entity under FRS 102. Assets and Liabilities are inltially recognised at hlstorlcal cost or transactlon value unless Otherwise stated in the relevant accountlng policy notes. Exemption from preparing o cosh flow stotement The charity opted to earty adopt Bulletin I publlshed on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Going Concern The trustees conslder that there are no material uncertainties about the charity's abillty to contlnue as a going concern. Income (7nd endowments All incoming resource5 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 ond Legacies Donation5 and legacles are recognised on a recefjvae basis when elpt Is probable and the arnount can be reliably measured. Expenditure Expenditure is accounted for on an accruals basls. Raisingfunds These are costs incurred in attrarting voluntary income. the management of investments and those Incurred in tradlng activltSes that raise fund5. Choritoble octivities Charitable expendittjre comprises those costs incurred by the charity in the delivery of its activities and services foy its benefici3ries. 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 cornpliance with const4tutlonal and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expen5e5. Myra's Wells Icharity Number 11433451 Page 25
Myra's Wells 31" Au8USt 2024 Taxation The charity is considered to pass the tests Set out in Paragraph l. Schedule 6 of the Finance Art 2010 and therefore it meets the definition ofa th3ritable company for UK CL)rporation tax purposes. Ac£ordingly, 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 merchondise sold or services perforrned in the ordinary course of business. Trade debtors are recognised initialty at the trnnsaction pri. They are subsequentty measured at amortised cost using the effective interest method, le55 provision of impairment. A provision for the impairment of trade debtors is established when there is objertive evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash ond cash equivalents Cash and cash equivalents comprise cash on hand and cash deposits. and other short-temi highly liquid investments that are readily convertible to a known amount36.719 of cash and are subject to an insisnificant risk of change in value. Fund strurture Unrestrirted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Restrirted income funds are those donated use in a particular area or fof specific purposes, the use of which is restricted to that area or purpose. Myra's Wells Icharity Number 11433451 Page 26
Myra's Wells 31st August 2024 Notes to the Financial Statements {corrtinued) for the Year Ended 31 Augurt 2024 2 INCOMEFROM DONA TIONSAND LEGACIES 2024 Unrestrirted lunds 2023 Unrestrirted fvnds Restricted funds Restricted fvnds Donations Grants Gift aid reclairned 122.709 6.750 8.969 133.583 Total Funds 3 EXPENDITURE ON RAISING FUNDS Costs of generating donations and legacies Restricted funds Total hjnds Marketing and Publicrty 2024 Marketing and Publicity 2023 4 EXPENDITURE ON CHARITA8LEACTIVITIES Unrestrlcted funds Restrtrted funds Totsl funds Well drilling and related c05ts 119.1( 1,636 120,742 Total The figure in the Unrestrirted 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 (Charrty Number 11433451 Page 27
Myra's Wells 31 August 2024 Notes to the Flnancial Statements (rt>ntlnued) for the Year Ended 31 Au8USt 2024 5 TRUSTEES REMUNERA TION AND EXPENSES No trustees, nor any persons connerted with them. have receNed any remuneration from the charity during the year. Two trustees have received rLYmbursernent of out of pocket expenses totallln8 £273 from the charity during the yeor. 6 TA¥A TION The charity is a registered charity and is therefore exempt from taxation 7 COMPARA TIVES FOR THE STA TEMENTOF FINANCIAL AcfiviTIES unrestri Restricted funds furKIs Totsl funds 2023 INCOME Donations and legacies 147,377 152.986 EXPENDITURE Raising Fund5 11.2741 11,2741 Choritable Activities 1170,6691 18.5871 1179,2561 Net Income 123.2921 14.2521 127,5441 8 DEBTORS 2024 2023 Other debtors TOTAL 11,992 4,103 Gift Aid reclaimable Funds held in Burkina Faso 6.131 5.861 1,745 2.358 TOTAL 11,992 4.103 Myra's Wells (Charity Number 11433451 Page 28
Myra's Wells 31" August 2024 Note5 to the Flnancial Ststements {contlDued) for the Year Ended 31 August 2024 9 CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank 88,839 61.422 10 CREDITORS.. Amountsfalling due within one year 2024 2023 Accruals 662 662 Accruals include £6CK¢ in respect of the 2024 Independent Examination fee. 11 Funds At I September 2023 Inc4xnlni Transfers At 31August 2024 Expended Unrestricted General 62 Restricted Administration cost5 2,250 8,969 5,305 1,198 7,112 Totsl Restrlcted TOTAL FUNDS At I Septernber 2022 IncomSn8 resources Resources Expended Transfers At 31 Au8USt 2023 Unrestrlcted Restrlcted Administration costs 87,049 147,377 1170.6691 11.1441 62,613 5.358 -9,861 1,144 2.250 Total Unrestricted TOTAL FUNDS 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. Myra's Wells (Charty Number 11433451 Page 29
Myra's Wells 31 August 2024 Note5 to the Flnanclal Ststements {contlnued) forthe Year Ended 31 August 2024 12 ANAL YSIS OF NET ASSETS BETWEEN FUNDS Unrestrlrted funds General Restrtcted Funds At31 August 2024 Current assets Current liabilities 93.719 -662 7,112 ICKI,831 -662 Total net assets Unrestrtcted funds General Restrlcted Funds At31 Au8USt 2023 Current assets Current liabilities 63,276 62 2249 65.525 -662 Totsl net assets 13 RELA TED PARTY TRANS4CTIONS NSne trustees donated a total of £36,71912023: nine Trustees donated £4,665) to cover all administrattve expenses incurred in order to run the office in Burkina Faso and charty running costs in the UK and in respert of donatSons for wells. Myra'5 We115 (Charity Number 11433451 Page 30
Myra's Wells 31st August 2024 Appendix A - List of Wells Zongo Boulimiougou Ischooll Bingo Village. Arbole Kasson Myra's Well Myra's Well NeW"e's Weu Willage De Mogiedo Village De zorgho Village De Tambetin Tanghin Rail Willage De Salmossi Village De Chekol Kooba Village De Zaabanega Village DeTita Napone Edgar's Well Gatougou Village of Hope, Yimdi (childrens. Village) Zimzerndovgou 41 42 43 Eddie's Well Taparkou Mangagou Laaro Ifarml Fanka Hope Church Well Willage De Kamssi Village De Nana Village De Dimkoura Village De Tiargou li Village De Solenzo Village De Zaara Village De Bouton Village De Nebiou*st Willage De Kasso Willage De Kou Universitylwmdi Gogolkomsilga Bassimyam Village De Gorom-gorom Village De Sapelo Village De Nedego Village De Goghin vilge De Rondo Satelb"noghin Sabtengalouagadougou Bilandjafi Mafgoulpiela BangolwadenEO Ziga De Zowo Gvemssoulmane io 47 Connie's Well li George's Well 12 Zanquengin lorphanagel Ousi Village, Nadiala Laado 49 13 50 14 51 15 Saboulgounghin Willage Dapani. Bogande Kankan5si, Bogande BiianEa Bible College Boukou I Sigle I Proposed Secondary School) Tanghin Dassouri Itaonsghol Leo Monda (near Tenkodogo Bible College) Kumbreldori Isobel's Well 52 16 Jean's Well 53 17 James, Well 18 55 19 57 20 58 21 59 60 22 61 23 62 24 Silmaguieldon Watinoma at Tanghin Das50uri Sylwa's Well 63 25 26 Villa at Sabou 65 27 Bilang Bilanga Awation East of Bijrkina Matiakoali Gonsin (called Gonse in the Past) Zouina at Toma Oue2ala at Dedougou Soun5 at De¢Jougou Zangore Idano Kimidougou Lournbila (college Des Jeunes Filles De Loumbilaj Willage De Timbila Tenkodogo Myra's Wells (Charity Number 11433451 Genesi5 Well 67 28 Moira's Well 29 69 Ivor's Well 70 Moira's Well 30 Lauren's Weil 71 Tigendaiguelouagadougou Komki Ipala College PTote5tante Annexe Iwater Toweil College De Dapeigo, Oubrilenga Laado Peulhlpibaore Nagerforrinnilbogande 31 32 72 MoiTa'S Well Ron & Iris's Well 33 73 35 Jack's Well 74 75 Hedley's Well Helga's Well 76 37 Page 31
Myra'5 Wells 31° August 2024 Jo and Jamle's Well George's Well John &Sylvla's Well John & SyLvla's Well John & SOvla's Well 77 78 79 Vloulkomkl IpaEa Sllmlougoulouagadougou KouTllplelia Bendogulkay8 Kamboissin-wobregre Kankamsse Kondlssl Basanwara Varalto Gabou Noaen Toukon 117 Loukar Banamba 80 Gwen'swell Ashll's Well kngela's Weu 119 Koumboura 81 82 WlndpagDurl Nadlengoala Torokauro Passakon Harry'sweil 83 84 85 122 123 PhlltP'5Well 124 125 Foutl Tanhoko Eilleen's Well John's Well John & Sylvla's Well Ivor & Evelyn's Well Faangre KODM Glenda's Weu Stan'swell VIIM KOOM za 4:14 87 Nas50ugou 89 90 91 92 93 Kulnklnkuiiga Kenassoumbou Potlman Sans Fll Secteur I Weedou. Dorl Wabaode KDkln Moplnga 127 Bougrata Yonbten a'5WeU Syivla's Weil 128 John &Sylvla's Well Yambelga Dlomga sigr BILa Sapaia Yll-yaaEeigTande Samba Pellt Samba Slssamba RWaLo Koutoumtellga Yar holklnksrgho Songdlnlsongondln Bendego-pelle Lorlpenl SecteuT 2 Balanttra-nabara Gbomkoro 130 131 Syla'SWe11 95 96 132 Betvswell 97 134 135 136 137 138 Cros5 County Tralns Yergan Debere 99 loo Tangseega Na are Ebenezer Syivta'swell ioi 102 103 104 139 140 Boundougul Yambassl sigulvousse Manssila Klouraiganwogde Kourkour Godogo fa'swell swell 141 Ma 142 105 Hougaroulougarou Uerldenl 106 107 108 144 ICG Tamblfagou Fand ora Fafo Wouskosso Tonon 146 Charles, Well Davld and Sarah's Well 147 109 iio Benda Toegafyagma Valleé De Kou. Quartler4 Toegyamba Nal-banka Saabaldarsalam 149 iii 112 113 Robert'sweu Pam's Well 150 Dakoia Sllverdale 151 Nl Sylvta's Well Me¢s Weil Rogeeswell (nl ul nl Ino p(aquel Rosemarvs Weu 114 115 Uklnkelse Yipaata Rouko 152 153 Pougneerkougri Roumtengalt¥JuryÉrt Laongo 116 Vlctovs Well Myra's Wells (Charfty Number 1143345) Page 32
mYS Wells 31° AuBU5t 2024 155 Legbanon Ronandmary Awesome Adam 192 Leguema Abc SchoolFami Newsham I 156 157 Natlera Gnangbanan Shert)orne GH Well N'YAO NDEEG joyce'5 Well Hopewell Newsham 2 194 195 Bobysecteur 3 Bakonon Kora Kameiekogodou Kerkou Quartler Planteur Palpa do Slnslnguene Margarevs Well 158 Ka551gra Sanatlne Larpar Dan ulndou Tierkora 159 160 197 Gladys, Well Lena's Well 161 162 199 200 201 SML Poole Dand D'sWelL UncleTom's Well John and Jennle'swell Phylusswell George's Well Rayand Ruth's Well Sylvla's Well Margaret's Well 163 164 Tloyo Ouadaradouo 202 Tan 165 ZoOurn re-napa(gua 203 Kuluu Vlllylkalsogo Toanga ogretenga Dlmpaltenga Dabaré 166 Tou Dem Kaogo Bondoukuy Gosson Zone Colune, Touga Wakuy Nabzlngemlpadrefyagma Dlebougou- Repalr oull- Repalr Roumten Ylmdl 3 Ylmdl Iretreat 167 205 206 169 170 171 172 173 174 175 176 177 178 207 Stanley and Allceswell Tou Koadara Nallera SchoolWaterTower BeryE'sWell 210 211 FORAGE DE LA JOIE Brlan and Barbara'swell 212 Boasla 213 8assor rigulndaigué Blssighlnlsaaba Koanda De Gompeia Tabten Honest People's Weil Slmon's WeLI Don's vLi Tonyand Winlfrewswell Lena'5 Welll21 Ruth and Pete¢sWell Coiln'swell Souter Roe'swell Georgina Hampiera Well Wapasslcsps Ron and MaS Bendatoega School Well Fondatlon Rama. Sabtoama. Syiw'a'swell Konbogdo Syivla'sweu DOure1mangaoa1a Myra'5 Wells (Chartty Number 1143345 Page 33 214 215 Ruth'swell 179 KaTnsandln 180 Ramon 216 217 181 Simtenga Zlnguendlnguln (bund Cenlrel Koudmi Amour-Espolr. Futur DNA's WELL Sylvla's Well Forage de Patx Lena'swell Sylvia'5 Well Alf¢e and sianlevswell 182 218 219 Krigullaungolpela Boul nlkonkobo Ladiana Goo Inltlbrela Guy Douloulzapdin 183 220 221 Saatenga Kamona Bantougrllsanrin Yabo 8asbedolnebnooma 185 186 224 225 Koure Purslow Gbadou Tlerden DlefLaldlefouLa 190 191 228
Myra's Wells 31StAu8USt 2024 229 Tengandogo Parswell STUARrs WELL Ash Vale Edna'swell JILLEWELL Jenny &Pete¢s Well Beiemyoublln Nagzougou Oufté Sabtenga Soull secteur I Lougsl Kougsabla Kouba-kiempaiga Kleryaoghln 2ff7 Wales 230 Bazakema Youlou l Nare /Soe1C8 Sankuy Karnson 231 ALdeTholt 232 233 270 271 .272 Peter's Well Lena'sweu TonW5 Well 234 235 236 Mor50mtenga Mongdogo Kombougou Wapassl Vilge Soanrelsonré Boassa Kaonselnandlala Ikaossln) Boala Ypala Nlonlondgk0kQI0AhQ Pakngo Darnketa Soukomten 273 274 Hugh'swell Gateway Church, Florida Gateway Church, Florlda 237 238 239 275 Koubrl Blble Coitege 240 241 242 243 Balollé 50 éicé Sala ofourou5SO Park5tone GH Joan'sweu 278 279 Ash Vale 244 Park5tone GH Nanwerga KopaT Horao ma Ecole A2arta Tanguiga Basemyam Kouro GouemlNadlala YagmalBendatoega.' Iupgrade) Zongo (Upra Slbl Kakoumana Toufonl Karaborosso- Syla'$Well IvEa'sWell 245 246 247 281 Posomtenga Wapassl Rota I Wapassl Rotary2 282 283 248 Nongeb-zanga Well Nopiaque 249 250 251 Sapouylschool) Tébourou Malou Nelmatoulayehlefora nematoula 285 286 287 252 Parkstone GH David'5WeU 'Dleu est bon. 289. de) SatErl Tousslanbougou Tango-tango BanforaC5P5 254 255 256 291 Edna'swell 292 Sylvia's Well VIIEmslow WellsforAlrf¢a Good News Weu {Rota IRota .294 Sienna Pisllla- Se¢ieur.4. KultyangdolBan8thln SonEdln BoLgo-sorgho Loyar Sylvla'swell 2S7 Yoroko Fe50 295 296 297 258 Pefroulbare Soanfélsonré Nak05m(enga Zlnguedéssé Poe55é 259 260 261 Sophie.and' Joshua'sWelL. 262 Redeemetr5 Well PeWsWell Tansobentenga Guidgssouassa Sourgou Dapoya 301 302 Tougmantenga Gondrln Soumagou 265 Lena'swell, Myra's Wejjs (CbaJity Number 1143345) Page 34
Myra'5 We115 31" August 2024 Markand Ruth'&Weil Redeemers Well 315 BalonJn 21klemdln FouFma Manessa Gondologo secteur 12 OU3hlgouwd Tamsin Secteur Iouahigouya Vogsin Konéan- Boilé Dondolé Nlong-warbln Btind Centre (Repalr) 304 Koanga, 316 317 305. 306 Goulouré (Itaorel)eJ Kouro centre (Rehabilj'tstion) Songdln Songdin-. Zimidin paLl . Tampeeie Sylvia'swell vla'swell 318 319 308 320 321 Sylvia's Well 310 322 Good Ne Well 311 312 Timanembolmmmanemboen Bendatoega Sthool Sabtenga Tanghln de Saaba Wells shown in green are projects completed In thts finanoal year. Those shown In yellow have been complete In September to Dember 2024. 324 325 326 Ouvla'swell 313 314 Myra's Wells ((harlty Number 1143345) Page 35