Myraswells Registered Charity Number 1143345 (England and Wales) Myra's Wells Report of the Trustees and Unaudited Financial Statements st Year ending 31 August 2025 Myra's Wells (Charrty Number 11433451 Contents Myra's Wells 31. August 2025 Myra's Wells 31° August 2025 Contents Report of the Trustees Page 2 Independent Examinerfs Report and Accounts Page 21 Statement of Financial Activities Page 22 Balance Sheet Page 23 Notes to the Financial Statement5 Page 24 Appendix- List of Wells Page 30 Myra's Wells (Charty Number 11433451 Report of the Trustees Myra's Wells 31" August 2025 Report of the Trustees For the Year Ende(131 August 2025 The Trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI applicable to charities. Re 15tered Char number.. 1143345 (England and Wales) Trustees G E Martin BEM T Carter P Martin L Partridge M Anness J Pusey C Jones J Nash Address for Corres ondence 72 Oakhurst Road West Moors Ferndown 8H22 ODR Bankers Inde ndent Examiner Lloyds Bank plc 84 Victoria Road Ferndown Dorset BH22 9JB Miss J A Richardson 32 Award Road Wimborne Dorset BH217NT Currency Cloud The Steward Building 12 Steward Street Londoft EI 6FQ Governin document The governing document trs the Declaration of Trust dated 15th August 2011 and subsequently modified on 31 July 2019. Risk Mana ement The Trustees have a duty to identfy and review the risks to which the charity is exposed and to ensure that appropriate controls are in plate to provide reasonable assurance against fraud and error. Procedures and li 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 organisations that have approached the charrty or which the Trustees have come into contact with, which require financial support in line with the objects and actwities of the charty. Myra's Wells Icharity Number 11433451 Page I Report of the Trustees Myra's Wells 31" August 2025 Trustees. Remuneration During the year no Trustees, nor retired Trustee5. were paid for their services to the charf(y. OBJEcfivES AND ACTIVITIES Objerts and aims The Objects of the Trust, as stated in its Trust Deed dated 15th August 2011 as amended on 31" July 2019 are.. lil to preserve and protect good health by providing finènce forthe drilling of wells and the Provision of clean water and to ensure wells are maintained and in working order; lill to advance education by providing assistance to schools, in particular but not exclusively through the provision of equipment and supplies for schools- and liiil to relieve financial hardship by supporting small agriculturallhorticultural projerts,. and livl 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 Ivl to prevent and relieve poverty and further other charitable purposes Ispecifically. the social relief, resettlement and rehabilitation of persons under a disability or deprivationl by passing on gifts for the relief of suffering caused by terrorist activity land consequent population migration), drought or other natural (Iisa5ter. Public Beneft 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 8enefit and in accordance with the charttable Objects. Significant ortivities 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 toward5 one of the other Objects set out above. While drillin8 new boreholes is the principal activity, Myra's Wells is happy to fund projetts to repair and restore non-functionin8 wells if this is tost effertive. When reviewing applications for wells, the question "Are there any non-functioning wellsv 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 asperts 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 raswells.or whether your interest is as a donor, supporter or a casual reader. Myra's Wells Icharity Number 11433451 Page 2 Report of the Trustees Myra's Wells 31" August 2025 ACHIEVEMENTS AND PERFORMANCE Wells pmjects In the goodness of God, Myra's We115 has been able to complete 34 projects. The headlines are: 11 new wells fftted with hand pumps- > 12 new wells frtted with soEar powered pumps and a water tower. 6 repaired wells- 5 wells installed by other agencies some year5 a80 and I which Myra'5 Wells supplied which had been damaged - 3 wells up¥raded from hand pijmp to solar wwered pump and water tower: > 2 we115 where boreholes had already been provided, which Myra's Wells completed with a water tower. These are inclLtded in the °Conversions- statistics below- Sadly, there were 5 projects where we were unable to find water during the financial year. These were all in places where it 15 known to be difficutt places to find water, including two in Plateau Central and 2 near to Kaya. Percentage of expenditure on types of projects Projects Boreholes IÉ %of leraii Costs drilled New wells driLied Failed drilling Repairs Conversion5 23 80 13 39 loo Drilling success rote5fvr new wells Myra's Wells normal policy is to try up to three l)oreholes at 3 gwen site. If the first borehole is negative, a second will almost always be tried. If the second borehole is negatNe. thought and prayer are given about whether to try a third borehole. This year. following advice from the surveyors. there was only one third borehole attempted. and this was Suctessful. During the current year. the success rate by number of b0￿hOleS has been- Projects 18 Success on 1st attempt Success on 2nd attempt Success on 3rd attempt Failed after l attempt Failed after 2 attempts Failed after 3 attempts 14 14 Myra's Wells Icharity Number 11433451 Page 3 Report of the Trustees Myra's Wells 31" August 2025 The I, borehole success rate of 64% is considerably down on the 80% of the p￿viouS year. This is Tnainly because there were more wells tried in areas that are known to be difficuk. The Trustees know that the need in these areas is often very great- because of this difficulty- so the decision was taken to try to help these needy people. knowin8 that there was a posstbility of failure. Overall. for the 28 new well projects, there We￿ 38 boreholes drilled meaning 1.36 boreholes per project, which is ijp on the 1.2 ￿￿hOleS per projert reported last year. This is mainly due to the 9 boreholes associated with the 5 unsuccessful projects. For the 23 successfvl new well projects, there were 29 boreholes at a rate of 1.26 boreholes per project. SUC￿$5fvl new well projert5 Of the 23 successful new wells projects, 11 were finished with hand pumps and 12 were finished with water towers. This is the first time that more wells have been finished with water towers than with hand pumps. It reflects the fact that more wells have been provided in the suburbs of towns. especiallv OiJaBadou8ou Icentrel and Ouahi8ouya (Nordl, where in the influx of IDPS over the last few years ha5 resulted in swelling populations without adequate prtrrfision of water. The main areas of 0￿ratiOn have been in the following regions of Burkina Faso: Successlul projects io Unsuccessful projects Centre Centre-Nor Cenire-ouest cenlre.sud Nord Plateau-central Centre ond Centre-sud These re8ions include Ouagadougou and other places towards the west and south which are within about 40 miles of Ouagadougou. The security within this area is considered good with little, or no real threat, to operations desprte Ouagadougou itself now being red on the FCO travel advite map. The population of Ouagadougou is now estimated to be around 3.5 million. However, new development is not always planned and the a¢tual population may be larger. It Is certainly growin8, perhaps lar8ely because of migration from other areas for economic and safety reason. During each visit. the Trustees are taken to new areas of development in suburbs such as Wapassi, Saaba and Pabré. Each time, there are obvious needs of water. Where sources of clean water are already available, there is often a huge demand with long queuing times for a turn to use the pump or taps. The existence of water will attrart movement to the area which only increases the preswre on the availabFe resources. For this reason, tt is almost essential that boreholes are finished with solar powered p¥Jmps and water towers which can cut the time to fill containers by 75% of the time needed at a hand pump. Of the 10 successful projects in these regions: 4 were new bjreholes. finished with a water tower; Myra's Wells (Charity Number 1143345) Page 4 Report of the Trustees Myra's Wells 31. August 2025 I was to provide a water tower at a borehole that had been drilled pr￿ate￿- the man who had organised this asked for help in finishing the well. The circumstances were exceptional, cause by the sudden tragic death of his wife- 3 were replacing hand pumps on existin8 Myra's Wells boreholes with solar powered pumps and water towers- 3 were repairs to existing wells. 2 of these were old wells provided by other agencies. I was a well that Myra's Wells provided at a school where malicious damage had made it non-functioning: I was finished with a hand pump. This was at a village. not a larger town. Centre-ouest This area centres largely around Koudougou which, in common with other large towns, has seen huge increases in population. There is still much need in this area. The main town, Koudou8ou, continues to grow and. in common. with other towns, the growth can be informal. The projects completed he￿ are.. 2 new wells finished with solar poWe￿d pumps and a water tower. One of these is at project run by a group of ladies who purchased a piece of ground several years a80 at a very good price. It is now the centre of a thrNing suburb of Koudougou and provides good serwice5 to the ladies of the area. This was a particularty good well providin8 large volumes of water and the well has been finished with laf8e 10.OLXI Ittre tank- 2 new wells with a hand pump; I repair to a well at a small centre for about 25 blind people. some of whom live in the compound. The youngest is about 15 years old. The well is shared with the surrounding nei8hbourhood: I project to provide the solar pump and water tower for an existing borehole. Centre-Nord Our ottention was brought to an area called Pissila near to Kaya. Huge numbers of IDPS had arrived there and the need was overwhelming. We were prryileged to be able to Provide a well with a hand pump in this area. There were two other projects, alw with hand pumps. provmled towards the west of Kaya. Ploteou-central There were 4 projects completed in this region towards the rborth of Ouagadougou, 2 with hand pumps and 2 with water towers. One is worthy of special mention. This is at Manessa. The pastor at the church here has made several visits to Ouagadou8OU to brin8 a gift to Christine who runs the operations in BLtrkina Faso. These gifts are fruits and vegetables from the small market garden that has been made possible by the provision of the well. The people at Manessa showed particular initiatNe in asking if Myra's We115 would give them a loan to buy a diesel powered pump that would allow them to use the well durin8 the hours of darkness. The Trustees agreed. as a one-off experiment. The repayment of the loan will be made out of the sale of the produce from the market garden. Centre-sud There were two projects in this region- one to convert a hand pump to solar pump and water tower: one a new krt)rehole and water tower. Myra's Wells (Charrty Number 11433451 Page 5 Report of the Trustees Myra's Wells 31" August 202S Finishing options The two finishFng 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 relatNe cost differences are indicated in the "Cost of Wells" settion but. in general, the cost per well is intreased Slgnrf￿ant1¥ when a water tower is used. Consequent￿. the choice of finishing options is made after a tKJrehole is successfijl with a number of factors being constdered. Wellsfinished with Hand Pumps Of the 23 Suc￿sSful new well projects. 11 We￿ finished with hand pumps. These were mainly wells located in more rural a￿a$. In places where the population is less dense- typicalty rural villages- hand pumps are the most economical way of providing water. The people are qutte happy to use them. In some places, people (typically women) are able to earn money by offering a service of filling container5 Wlth water while the owner goes about their business. Wellsfinished with Woter Towers This year. 12 of the 23 successful new well projects were finished wrf(h a solar powered pump, water tower and taps. Within Burkina Faso, the trend colltinues towards using solar powered pumps and water towers, partictjlarly 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- High flow rate. In cases where the flow rate is hsgh- perhap5 over 6-7(YJO litres an hour. the amount of water available would seem almost wasted when onty 4-S(Kl litres an hour can be pumped by hand. In these t35es. and perhaps for lower flow rates, if the￿ is a good reason that justifies the e¥tra expendtture. then a water tower will be considered. Good reasons include= Market Garden& The possibilrty of a market garden project. Livestock breeders. The exrstence of breeders wtth larger herds/flocks. Other Cottage industries which need good supplies of water. including brick-making. Existence of nearby clini￿15¢ho01s where the current water supply is inadequate. Experted population gr(Y*th- where there is good ￿350n to believe thot 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 I minute. Effertively. this Myra's Wells Icharty Number 11433451 Page 6 Report of the Trustees Myra's Wells 31" August 2025 means that a water tower can serve 3 or4 times the population in the same length of time. in more densely populated areas. a water tower can be conSide￿d more economical, despite the extra cost involved, provided the flow rate is suffic￿nt to be sustainable. Size of tanks The usual choice of tank frtted is a 5,rKKI litre plastic tank. On a few occasions. we have used a 10.oC￿ Ittre Steel tank or two 5,OLK) litre tanks. Tower structure Following price rises in P￿vIouS years. the price has been more stable 725.OIJJ CFA (around £9401 for a tower for a 501X) litre tank. The plastic 50LKJ litre tanks cost around 350,CKKJ CFA lapproximately £4701. Occasionally. when the flow rate and the potential usage justify the extra tost. a 10.O(K) litre metal tank has been used. This requires a larger stronger tower and. typical￿, costs a total of 10.CIXI.CM)O CFA- (approximately £13.$(￿) for the tower. tank and installation. 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. Un5uccessfvl new well pmjects We exercise considerable care in choosing which sites to drill- see below under Well Site Selertion. 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 (c does not meet the minimum flow rate of 71K) Ittres/hour. If the second borehole is also a negative. the UK Trustees will consider whether to try a third l)orehole. This decision can be diffKult. 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 othervillages. The decision is made after careful consideration and prayer. It is worth noting that. in the event of a b0￿hole being negattve. the suNeyor makes no charge. This year, there were frve projects which did not resutt in a finished well. This is particularly disappointing as they were at place5 where the Trustees considered the need to be very h￿h. Four of these failed projects were in areès which are known to be areas Whe￿ it 15 hard to find water- which means wells are often even more needed. Well repair projects Myra's Wells is always happy to look to repaÉr wells that are no longer operational. This year. there were Six such projects. Five of these were to repairlrefufbish wells drilled many years ago before Myra's Wells was operating. The other one was a previous Myra's Wells project at a small centre for blind people at Koudougou. The pump had developed a fault and had to be changed. Conversion projects With urban areas needing to accommodate fefvgees. together with a more general grovrth of population. there is a need to upgrade some wells from a hand pump to water tower5. Three such projects were completed in the year with the hand pumps being used for other new well projects. Along with these upgrades. Myra's Wells agreed to provide water towers at two locations where boreholes had already been drilled, where funds did not allow them to be finished. Myra's Wells Icharity Number 11433451 Page 7 Report of the Trustees Myr3's Wells 31" Au8USt 2025 One of these "completion" projerts is worthy of particular mention. A retired teacher an(1 hi5 wife wanted to provide water for their lotal community and had set aside funds to do this. On the day that the drilling took place, while the husband was watching the drill in action. his wife very suddenly become ill and died before he could arrwe home. The rest of the funds set aside had to be used for the funeral. However the drillin8 was successful. When we were made aware of the situation. we agreed to provide the water tower, tank and pump. Water Minist Ins ection of wells There was no Government inspertion in Burkina Faso this year, following the satisfactory inspection last year. In the inspection in July 2023. the government minister expressed thanks and commented that thev could not mana8e without help from Myra's Wells. C05t of Wells Basic detolls We receive invoices from Burkina Faso which show us the costs of each project. For wells that have been completed during the year, the total of these invoices is just over 124,600.000 CFA. The GBPIEUR rate has fluctuated durin8 the year with a high of 1.20 and a low at the end of the year of 1.1583. Over all. the GBP amount spent is around £I65,c￿0. The individual components of thi5 overall expenditure are.. eratln osts This include5 the tost5 of the offite in OuaBadougou. Most of these costs are covered by the MWIUKI Trustees through the separate admin bank account. Some essential operating Costs, including the maintenance of vehicles (without which the Charity could not operotel are considered to be part of the cost of drilling wells. Sur¥e Surveys are carried out, before drilling commences, by highly qualified 8eoloBical suTheyors. The price of these suryeys ha5 fallen over the last couple of years, especially where the site is within 30140 km of OuaBadou8ou. Occasionally, a traditional surveyor will be asked to look at a site if there have been two ne8ative borehole5. For wells that do not produce water, the surveyor does not make a charge. cos Drlllln Drilling is carried out by a number of reputable drilling contractors depending upon the area where the site is located. A number of newer drilling companies have been used without10ss of quality. Water Testin This is carried out, usually, in Ouagadou8ou. There are three laboratories that are used, Burkina Labo being the most regular. Statuto re ort lollowln drlllln This is sometime5 prepared by the drilling contractor, sometimes by the surveyor. + Surrounds when the well Is flnished with a hand um This includes the purthase 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. It has been noted above that the cost of hand pumps continues to be in the region of 325,000- 350,LX)O CFA1£424-£4701. Pum Myra's Wells (Charity Number 11433451 Page 8 Report of the Trustees Myra's Wells 31. August 2025 Borehole Cleanin befo￿ the um Is fitted During this process. the debris left in the b)rehole by the drilling process is removed so that the water is clean. This al￿ usually results in an increase in the fiow rate, indicating a well that is more sustainable than originalty indicated immediately after drilling. Water tower when this is deemed to be appropriate There are three distinrt parts of this process which are.. Solar powered pump with the apprOpr￿ate cabling and solar panels The tank The tank support Sometimes, these a￿ provided by one supplier: other times, two of three may be invo￿ed. In the case of a sc￿ litre tank. it has been noted above that the cost of the tower itself remained stable at a￿ut 725,(XX)1£9401. The price ol the tanks has fallen somewhat to around 350,OIXI CFA (£4701. Trainin This includes time spent trainin8 the well committee and local population on the care, maintenance and use of the pump. Number la ue This is a metal plaque r￿ed to the well which designates that tt 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 The average price of the projects undertaken this year has risen compared with the previous year. The rea￿n5 for this are.. al There have been more wells finished with water towers than last year. In fact. this year, there have been more finished with water towers1121 than with hand pumps1111. bl There were 5 un5uccessfvl sites this year, cornpared with none the previous year. In each year, these costs are likety to vary depending upon where wells are drilled. The Trustees try to drill in the most needy areès, to which acces5 is possible. In more rural areas, wells are more likely to be equipped with hand pumps than with water towers. However, this does not affect the decision making process of deciding where to drill. The fi8ure quoted as answer to the question "How much does a well cosf la frequently asked question) will be answered that it depends uwn many factor5. but on average it works out at about £5,6￿J- £5,800. Overall costs of we115 byfinishinq 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 statistKS for the year 2024-25 ère: r well for wtte5sFul new wells Costs for sKcessful projerts Wells finished with a hand pump Wells finished with a water tower Average over successlul nevi wells Number Avera8e li 3,526 7.672 12 23 Myra's Wells (Charity Number 11433451 Page 9 Report of the Trustees Myra's Wells 31 August 2025 Cost er ell includin unsuccessful ro As noted above. there were S unsuctessful projects this year. These were. unfortunately. in areas where there is much need for water, but where water is hard to find. (The two things are linked11 When the Trustees see photos of these places, there is a burden to try to help such needy people, even though the chances to findin8 water may not be high compared with other places. The usual S￿￿e¥S are carried out, but this does not guarantee success. Costs over all new well projects Number Average Wells finished with a hand pijmp Wells finished with a water tower Unsuccessful pioiects Aveia8e over new well projects li 3,526 7.672 12 1,689 4,975 28 Cost r well when cOnvers￿ft are included Including the three conversion projects, the average is reduced. Costs for succe￿1 prolects Number A¥era8e cost Wells finished with a hand pump Wells finished with a water tower Unsuccessful projects Cosi ol conversion projects Aver¢lV,e over Iiew PToiectS conveision projects li 3.894 12 6,661 1,689 4.387 4,886 33 Cost er well cverall indudin air The following table shows the overall avera8e when the one repair project is included. Average cost Costs for successful prolects Number Wells finished with a hand pump Wells finished with a water tower Unsuccessful projects Cost of conversion proie¢t5 Cost of iepair projects Avèrage cosi over all projects 16 3,894 6,661 1,689 4.387 531 39 4216 What this emphasises is the financial advantage of carryin8 Out repairs or swapping hand pumps for solar powered pumps and a water tower compared with provKling new boreholes. In the case of conversions. there is also a hidden saving in the region of £300 on a future project where the reconditioned hand pump will be used in the future. Expenditure on Projects and Operoting Costs Myra's Wells keeps the costs of operating as a charity to a minimum. All work done in the UK is on an npaid voluntary basis. Since rt is required that an NGO in Burkina Faso must have two employees, there Myra's We115 Icharity Number 1143345) Page 10 Report of the Trustees Myra's Wells 31" August 2025 are just two people employed there- one for èdministration and one as a drrver. All other Trustees and helpers in Burkina Faso are unpaid volunteers. Any expenses incurred in the Offi￿ in Burkina Faso a￿ COVe￿d by Trustees in the UK. The office itself is in a churth building and the church allows usè8e of this at no cost- Myra's Wells has aske(I to be allowed to make a donation to the church but the church will not Iso farl accept any funds. All expenses inturred in the UK. including all travel, publicity, Postage etc, are covered by contributions from Trustees. This table shows the expenditure on Operatin8 Costs. General Admin, Postage and Stationery Office Expenses18urkinal including salarie5 Travel 817 3.885 1,846 1,349 2,024 Plaques Publicity Governance 10.521 This 15 roughly £2,{X￿ more thèn the previous year. The reason5 are: Publicity is lower this year because the previous year included the Philippa Hanna concert BUT,. Salaries in Burkina Faso rose 40% as there had been no increase for 3 years and salaries in general had risen a lot- Travel costs this year included help given to one youn8 man from a church in Wareham who ccompanied Eddie on the visit to Burkina Faso. With a total expenditure figure of around £175,OCNJ, this represents 6% of expenditure. This allows ILKI% of public donations to be used for drillin8 wells. Of the above, the only costs that are considered part of the cost of drillin8 wells is the maintenance of the vehicle5 which amounted to about £1,3(XJ. All costs in the UK and the salaries of the two paid staff in Burkina are covered by the Trustees. Well Site Selection Ch005ing 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, askin8 for guidance. Prioritisin8 the most needy places is at the top of the agenda. No account is taken of ethnic or reli8ious back8rounds in choosing which are the most deservbn8 Sites. The latest version of our Request Fom is now being used. The questions asked have been rephrased in an effort to make it easier to obtain the information that Is needed belore 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 designe(I 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 for a new well - 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 Iperhaps15 places in the same area. There are still difficultie5 in assessing the needs at each place. Thi5 is because the information on the forms does not al¥vays correspond with the situation on the ground. Literacy rates and cultural Myra's Wells (Charity Number 11433451 Page 11 Report of the Trustees Myra's Wells 31" August 2025 interpretations of the questions are the main reasons for this. The application fomi is due to be reviewed and this might help, but askin8 for visits to validate the infomiation is the only way of being totalty sure of the need. This is difficutt. but thi5 year Christine was èble to have some help in the area between Koupela and Tenkodogo which resulted in eight wells being completed there, Contacts Our main contarts. in the process of finding the most needy villages, continues to be our church and mission contarts in 8urkina Faso. Well maintenance The maintenance regime, in the hand5 of a local commrttee, continues to be used. The committee at each well consists of five, six or seven ￿tal people who agree to take on responsibility for the maintenance and proper use of the well. The committee members cover ihe roles of: President Treasurer Secretary Maintenènce supervisor Health advisor The treasurer is responsible for collectin8 very small amounts of money, from those who use the well regularly. This money is then kept k)calty to be used towards the cost of routine maintenance. In the unlikely event ol 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 ènd personal hygiene, is given to as many of the village people a5 PQS5ible. In areas where some children have never washed. this advice is very necessary. The committee. tO8ether with as many as possible from the village, receive basic training from a professional tratner. If the well is completed with a hand pump, after the training 15 given, a small kit of grease and some small spare parts is left wtth the committee memberlsl responsible for the pump maintenance. Well committees are established irrespective of whether the finishing is a hand pump or a water tower. Sustainabili In the current climate-awère 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 Fa50 means that theTe is more and more requirement for water. This is exacerbated by the population migration caused by the increasin8 terrorist threat, resulting in existing facilitbes (especially water and food) to be under increased pressure in many place. Myra's Wells continues to provide sustainable wells. By ensurin8 that the sources of water have sufficient flow rate before pronouncing it aS-IXlSitive". the subterranean water resources will not be overstretched and will continue to provide for the needs of local people. Non- ater Village of Hope The Tnjstees considered passing gifts to Village of Hope on a monthly basis for the support of nominated children. Thi5 was tested, but has been discontinued. The process of sending small amount5 of money Myra's Wells Icharrty Number 11433451 Pa8e 12 Report of the Trustees Myra's Wells 31" August 2025 involved too much time and attracted too much by way of bank fees. In addition, it proved difficult to obtain receipts and the necessary Safeguar(ling policies were not provided by the Village of Hope. Otherprojerts 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'5 Wells is to provide clean water at the most needy places of which we know. orters Major Donors During this financial year, there were donations from individuals and six charitable organisations for whole wells. This included donations from Trustees. These funds have made provision for 17 wells. The details are.. Trusiees Supporters Charitable o 25.50Q 15,50) 50.942 anisations 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 tower5. Myra's Wells is unable to drill wells in more rural locations during the wet season from June to September and 6 of the 17 wells paid for have been drilled in the new financial year. Regulor donors At the end of the year, there were 70 regular donors lother than Trustees), Contributing a total of about £1,240 a month to the funds. This does not include any GiftAid that is attributable to these donation5 Trustees, tO8ether with two retired Trustees, collectively donate approximately £350 + GiftAid towards the administration costs each month and other ad-hot donations as required. Other donor5 There are many other donors who 8ive on a les5 ￿gUlar basis and many of these donations are significant. Myra's Wells is gratefvl for all support. As a Christian charity, we acknowledge God's 8oodne55 in making funds available for drilling wells. Trustees visit to Burkina Faso During January 2025. Eddie Martin. tO8ether with a young man from è church in Wareham. spent time in Burkina Faso. Over the course of about three weeks. visits were paid to a good number of existing wells and sites from whKh requests for wells had been recepled. As is usual during these visits. a number of wells were commissioned. These are the wells that formed the batch drilled during January to March. It 15 a feature of these v4Sits that there will be a dozen or rnore pastors tonin8 to Ouagadougou to bring requests for wells. These requests are rarely complete with information and have photos missing. This is often due to the low literacy rate. langu4e difficult￿$, or cultural misinterpretation of what information is needed. Myra's Wells (Charity Number 11433451 Page 13 Report of the Trustees Myra's Wells 31" August 2025 RISKS Risk osse55ment A Risk Assessment document is available upon request. In the time following the end of the finantial year and the preparation of this report (February 20261. the political situation in 8urkina Faso has chanBed. The military government has start to impose restrictions in these areas of life that affect the operations of the charity.. 11 Approval ￿qUIred for sites before drilling. 21 Requirement to use a government specified laboratory for water testin8. 31 Requirement to use a government owned bank. 41 Requirement to have a hi8her level of auditing on the accounts of MWI- the correspondin8 NGO in Burkina Faso. 51 Requirement for MWI to re-register as an NGO every 2 years. instead of every 5 years. 61 NGOS are no lon8er exempt from tax on purchases. 71 It has recently IFebrLtrary 20261 been notice(I that there is talk of a 2￿ tax on money comin8 into the country. This is not yet the case, but it will be monitored. The points 51 and 61 of these has introduced additional costs and the point 31 also has the potential to introduce further new costs. Point 71 is the most serious of these points and the Trustees are carefully considering the effects of thi5. (See Future Plans below.} On a positive note, Burkina Faso was removed from the FATF Brey list in October 2025. There have also been reports from other highly responslble and respected NGOS operating In Burkina Faso, that members of their staff have been arrested, accused of "spyin8". The Trustees are aware of this situation and will be takin8 appropriate steps in the next financial year. Security and Terrorism Following the military coups in 2022, the security situation is reported, by the authorlties, to be improving. While the extremists still tontrol a large part of the country, this control does seem not to have grown during the year. The local people are more confident about the situation and have reported government forces taking proactive action in dealin8 with threats from the extremists. This view needs to be tempered by the fact that the re8ime is becoming more authoritarian and has banned some of the highly respected news agentie5 lincluding the BBC and French press) from reporting alK)Ut affairs. However, the anecdotal evidence is entoura8ing. Reports of attacks by Jihadists are appearing less often in the press than previously- althou8h the caveat of press restrittion needs to be remembered. Some areas. including the south west, certainly feel safer. Even in the North East, we have heard of people returning to some of the villages that were abandoned a few years a80. Again, there may be circumstances surroundin8 these returns which are not bein8 reported. 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 danBerous 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 part5 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 Koudou8ou1100 km to the westl would be considered safe. Trustees are expecting to visit the South West region in the new financial year. Myra's Wells Icharity Number 11433451 Page 14 Report of the Trustees Myra's Wells 31" Av8USt 2025 Dato protection and Child Protertion poliaes These polities are available upon request. and exist lor both Myra's Wells UK and Myra's Wells Burkina Faso. ADMINISTRATIVE MAThERS Relationship with MyrG s Wells (Internationol) Myra's Wells Ilnternationall IMWII is an NGO registered in 8urkina 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 invofved in the charrty receNes 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 tirne voluntarily. Requests for wells are collected by MWI and fonwarded to Myra'5 Wells Trustees. The decisions about which villaBes should be included in the drilling schedule are made in the UK. When these decisions are made, MWI helpers make the arran8ementS. Funds from the UK are deposited in the bank attount of MWI. Burkina Faso is very much a cash society although online bankin8 is becoming more used. A￿lpt5 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 - a Toyota Hilux which was purchased in September 2021. This vehicles is used for srte visit5 before and after the drillin8 process. Myra's Wells regards costs associated with this vehicles to be part of the tost of drillin8 wells Fuller details of this relationship have been formalised into a Memorandum of Understanding whlch 15 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 goods. This was a bi8 advantage when the new Toyota Hilux vehicle was delivered in January whim. import duty can be very high and accordin8 to the official's 21 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 thin8. 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. As noted un the Risks sectton, there hève been recent changes to the consequentes of NGO status which are being monitored. Worklood in 8urkina Foso We continue to look at ways to help the volunteers in Burkina Faso to recruit further volunteers to help them, particularty in the matter of validating the well requests by visitin8 the villageslareas trom which requests have been received. Pledge.. -1￿% goes to wells- Myra's Wells continues to honour the pledge that all monies received from donors, and all tax reclaimed associated wrth these gifts. will be used to finance the well projects, unless otherwise specified. The Trustees personally fund all other expenses. GiftAid, reclaime(i on donations made ty Trustees for administration costs. will normally be used for administrative purposes. Myra'5 Wells (Charity Number 11433451 Page 15 Report of the Trustees Myra's Wells 31. August 2025 Trustees 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 TrLtstees' decision reported previously, no containers have been sent to Burkina Faso this finantial year. Communicotion with supporters Opportunities are taken when Trustees are invited to speak at Imainlyl churches and church activities le.g- Men's Breakfa5tsl. The newsletter continues every three or four months by email (using Mailchimpl and by post. At the end of the financial year, there were around 390 recipients for the emai15 and about 30135 regular recipients for the posted newsletter5. The printed newsletters are also used a5 -promotional" material when speaking to others about the work. The "open rate" for the em8ils was between 60% and 66%, as reported by Mailchimp. In addition, a sulFset 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" forthis SU￿set is usually in around 75%. Fundraising There were no major fundraising activities in this financial year. GiftAid and VA T Myra's Wells claims GiftAid on donations when the donors complete a declaration to confirni that the donation is eligible. Myra's Wells is no longer registered for VAT. Updated and new policie5 Following advice from our Independent Examiner. some existing policies and some new policies are being reviewed. There are number of policies which will be reviewed in the next financial year, including.. Social Media Bullying Risk FINANCIAL REVIEW Summary offinances Currencyfluctuotion Myra's Wells holds funds in Euros. The GBP valuation of those funds is afferted by fluctuation in the GBPIEUR exchange rates. A consequence of this it that the Brought Forward figure from the previous year for the EUR actount in the balance sheet needs to be adjusted in the current year to reflect any significant change in the rates. Myra's Wells also has a USD account. Normally. funds in this account will be sent directly to Burkina Faso as they are generally for specific projerts. This year, because of the timing of the grants, there was a balance of $16,375 in this fvnd. Myra's Wells (Charity Number 11433451 Page 16 Report of the Trustees Myra's Wells 31. August 2025 The GBP/EUR exchange rate been good during the year. Starting at something over 1.18, it ￿a(hed 1.20 at one time before falling back to 1.18 at times when Euros were purchased. At the end of the year, it had fallen to 1.15 which has led to a significant currency fluctuation in the balance sheet. Income Total income in the year, after adjvsttng for accruats, was £182,936. Assets Myra's wells has no fixed a$5ets. At the end of the year, the current assets were £109,684 being the sum of fund5 held in the UK bank accounts and debtors. Don(Jtedfor we115 The funds donated for wells during the year. as shown iri the cashflow (including GiftAidl, were £178,336. nearly 41% up on the previous yearfs figure of £126.725. Donotedfor otherpurposes There were small amounts donated for support of children at the Village of Hope and at Zongo school. Donotedforodmin￿trOt1Dn The total donated Specifical￿ for administrative costs was £9.941. This is higher than the previous year as there were a number of exceptional costs that needed to be mel. Donationsfrom Qverseas This year, there We￿ just three donations from overseas donors amounting to $25,475 from USA and 200 from Fran￿. 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 ￿on as is practicable. The list of requests far exceed5 the income and there ts no problem with being able to use any funds ￿(eived. The Well Committees at the individual wells collert small amounts from those who regular￿ use the wells and this can be tjsed for most repairs that are needed. If a more major problem otcurs, then Myra's Wells will consider helping from current funds. During the rainy season- June to SepteTnber. rt is difficult to drill wells. This is because the road5 in Burkina Faso. away from the major routes, a￿ made from tompacted soil. In many of the villages, the soil is not even compacted. The effert of this is that it is not P0S5ible to take the drills to the places 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. This is why there is usually a balance carried forward in the bank accounts from year to year. Expenditure Funds amountin8 to £164,127 for Wells were despatched to Burkina Faso. Funds are sent at times when they are needed, usualfy 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 charitable purposes, was also sent to Burkina Faso for Village of Hope and £120 for the support of children at Zongo school. Exceptionol costs There were no exceptional costs during the year. Myra's Wells ICharTty Number 11433451 Page 17 Report of the Trustees Myra'5 Wells 31. August 2025 Bank Accounts Myra's Wells, bank has been Lloyds since the charrty wa5 registered. The main bank accounts are Still with Lloyds. Myra's Wells also has an account at Currenry Cloud using the ￿rtaI provided by Jackson Swiss Ltd. Account5 are open for GBP. EUR and USD. This makes the proces5 of transferring money to Burkina easier as well as a route for receNing donations in USD. More importantly, it enables us to buy Euros at a time when rates are advènta8eous rather than havin8 to use the rates that are available when we need to transfer money to Burkina. Myra's We115 shows Cashflow as two separate accounts with Lloyds plc.. and two accounts held at Currency Cloyd. The account5 at Lloyds are: Vells- occount All donations are deposited in this account, including standing orders. cheques, cash and payments through on-line givin8 Slte5. The only exception to this is on occasion5 when the donor requests that the donation be used for a specific purpose other than the provision of wells. Receipts into this account are anatysed in the accounts records to show donations for separate causes allowed by the charity's Objects. "Adrnin" account This account is used for: Gifts received for administration and publicity; o Gifts specifically designated for visits to Burkina Faso; The Trustees make re8ular and one.ofl payments into the Admin account to cover the c05ts of administration travel and publicity. On occaslons, a part of the GiftAid repayment which has been reclaimed on donatlons from the Trustees may be put into the Admin account. GtfLAid received on all other donalions 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 detai15 can be provided for anyone who would like to know more. Currency CloudAccount There are three accounts held here.. P account Funds may be kept here wafting for a suitable time to buy Evros at advantageous rates. M05t transfers into the account will be from the "Wells" account at Lloyds. However, with the two salaries being fvnded by the UK Trustees, reBulir transfers are made from the admin account. EUR account When Euros are bought, they are kept here to be sent to Burkina Faso. There are also occasional donations from Ima1n￿l France into this account. USD account Originalfy set up to assist with the purchase of the 4x4, this account 15 proving useful for receiving donations in dollars. Myra's Wells (Charity Number 11433451 Page 18 Report of the Trustees Myra's Wells 31 August 2025 Fund5 carriedfvrwords On 311812025, the funds carried forward in the UK were £106.478. comprising.. UK Bank accounts Lloyds Restricted funds 47.741 2,878 Unrestricted funds Currency Cloud GBP fund 1.095 42.645 12.118 Z06.478 EUR Fund (GBP equivalentl USD fund (GBP equivalentl Total The￿ was also a balance 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 2025 was 1,992,900 CFA- equivalent to £2,627 at the year end GBPIEUR rate of 1.1583. FUTURE PLANS Well projects At the time of preparing this report in February 2026. 17 projects have been completed in the new financial year. with another 4 good b0￿hOleS yet to be finished. We anticipate more wells will be provided in the new year. This will Probab￿ be a mixture of new boreholes. repairs to non-funrtioning old wells and possibly some upgrades to change hand pumps to solar powered pumps and water towers. There are many requests for wells in our files. the majority of which are de5ervin8 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 receTved. Risk to continuing operations At the time of p￿parIng this report in February 2026, new regulations issued by the Burkina government are posing a threat to the ability of Myra's Wells to continue operating. The Trustees are aware of this threat and will be assessing the situation over the coming weeks. In addition. the Trustees continue to monitor the rew)rts of terrorist activity. It is also the case that some of the UK Trustees a￿ beginning to feel the effects of too many birthdays. Help is being sought from younger peop￿ for the administratKJn and other areas of work currently undertaken byTNstees. TRUSTEES, RESPONSIBILITIES FOR THE ACCOUNTS Charf(y 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 rts financial actNities 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 Myra's Wells Icharty Number 11433451 Page 19 Report ofthe Trustees Myrd's We115 31°A￿Ust 2025 stste whether applicable UK accounting stsndards have been followed. subject to any material (fepartures ￿￿[oSed0nd expfait*d ITr the financla1staten￿nt& The Trustees are responsible lor keeping proper accountlng records whkh d15close wlth reasonable accurdfy at any time the financial position of the charity. They are also responsible for 5afeguardlng the assets of the charty and hence for takin8 re350nable steps for the prevention and detection of fraud and other irregularitle The above report Was approved bytheTntstee5 0n....-. .] E$ igned by: George Edwin Martin Myra"sAvelJs (Charity Number 1143345) Page 20 Report of the Trustees Myra's Well$ 31" August 2025 Independent Examinerfs Report and Accounts Inde endent Examine¢s Re rt to the Trustees of ra's Wells I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2025. Respective responsibilities of trustees ond exominer As the trustees of the Charty you are responsible for the preparat￿n of the accounts in accordance with the requirements of the Charities Art 20111.the Act'l. I report in respect of my examinath)n of the Myra's Well's account carried out under section 145 of the 2011 Act and in carryit)8 Out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the Act." Inde endent 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.. accountin8 recor(fs 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 compty with the attounting requirements concemin8 the form and content of accounts set QLtt in the Charities (Accounts and Reports) regulations 2(X18 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 acros5 no other matters in connection with the examination to which attention should be drawn on this report in order to enable a propef understanding of the accounts to be reached. Miss JA Richardson FC4 FCCA DChA Myra's Wells (Charity Number 1143345) Pa8e 21 Report of the Trustees Myra's Wells 31" Au8¥Jst 2025 Statement of Financial Activities Ststement of Financial Activities for the Year Ended 31 Au ust 2025 Total Unrestricted Restricted fvnds funds fund5 2025 Notes £ Total funds 2024 INCOME AND ENDOWMENTS FROM Donation5 and legacies 172 941 182 159 717 TOTAL 72 995 9 941 EXPENDITURÉ ON Raisin8 funds {2.0241 {2,0241 {3,6691 Charitable activitie5 173 014 120 742 TOTAL EXPENDITURE 038 NET INCOME 5,350 2,548 7.898 35,306 Transfers 11.5861 1.586 Net movement in funds 3.764 4.134 7.898 35.306 RECONCILIATION OF FUNDS Total funds brought forward io 93,057 7,112 ICA).169 64,863 TOTAL FUNDS CARRIED FORWARD All of the charity's actNit￿S derive from continuing operations during the a￿Ve two periods. The funds breakdown for 2025 is shown in note 11 The notes on pages 24 to 27 fomi part of these financial ststements Myra's Wells (Charity Number 11433451 Page 22 Report ofthe Trustees Myra's Wells 31" ALbgust 2025 Balance Sheet ra's Wells Balance Sheet 31 Au ust 2025 2025 Total funds 2024 Total funds Notes CURRENT ASSETS Debtors Cash at bank and in hand 3.207 11,992 109.684 100.831 CREDITORS Amounis lallingdue within one year io 11.617) 16621 TOTALASSETS LESS CURRENT LIABILITIES 108.067 100.169 NET ASSETS .IQ&QfiZ AQOA69 FUNDS Restricted income funds Unrestricted income lunds li 11,246 96.821 7.112 93.057 TOTAL FUNDS The financial statement were approved by the twstees. and authorised for issue on ............-.... nd signed on their behalf by: E Martin Chairman and Trustee The notes on pages 24 to 29 form part of these financial statements Myra's Wells (Chartty Number 11433451 Page 23 Report of the Trustees Myra's Wells 31" August 2025 Notes to the Financial Statements rd's Wells Notes to the Financial Statements for the Year Ended 31 Au ust 2025 I. ACCOUNTING POLICIES Statement of Cornplian The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to the tharities preparing their atcounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective January 20151- (Charities SORP IFRS 10211, the Financial Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Bosis of preparing thefinanciol stotements Myra's Wells meeting the definition of a public beneftt entrty under FRS 102. Assets and Liabilities are initial recognised at hi5torKal cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemptionfrom preporing a coshflow stotement The charity opted to early adopt Bulletin I 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 uncertaintie5 about the charrty's ability to continue as a goin8 concern. Income ond endowments All incoming resources and included on the Statement of Financial Activities when the charlty is le8ally entitled to the income and the amount can be quantified wrth reasonable atcuracy. l)onotions 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. Raisingfunds These are costs incurred in attractin8 voluntary income, the management of investments and those incurred in trading artivi(ies that raise funds. Choritoble artivities Charitable expenditure comprises those costs incurred by the tharity in the delivery of it5 activities and services for its beneficiaries. It includes both costs that can be allocated directly to such attivities and those costs of an indirect nature necessary to 5UPPOrt them. Governance costs These include the costs attributed to the charity's compliance with constitutional and statutory requirements, including audiL strategic managemerrt and trustee's meetings and reimbursed expenses. Myra's Wells (Charty Number 1143345} Page 24 Report of the Trustees Myra's Wells 31" August 2025 Taxotion The tharity is considered to pass the tests set out in Paragraph I, 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 ￿CeIVed within categories covered by Chapter 3, Part 11 of the Corporatton 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 fi)f merchandise sold or services perfomied in the ordinary course of business. Trade debtors are reco8nised initialty 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. Ct75h ond cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term hiBhly liquid investmenls that are readily convertible to a known amount of cash and are Subject to an insignificant risk of change in value. Fund structure Unrestrirted income funds are general funds that are available for use at the trustee's discretion In furtherance of the objectives of the charity. Restrlrted Inc