## **The MediOliver Foundation** ## **Trustees Annual Report 2020-2021** Charity Number: 1,159,021 Charity’s principal address: Ringley House, 349 College Street, London, NW1 9QS ## **Trustees** Mary-Anne Bowring Leona Mehra Amelia Mehra ## **Structure, governance and management** The MediOliver Foundation is a registered charity, number 1,159,021, and operates under a constitution. The charity is constituted as a Charitable Incorporated Association and was first registered on 30 October 2014. The MediOliver Foundation (the Foundation) was formed in memory of Medi Oliver Mehra, who died aged 11 on 15 July 2014 following a tragic horse-riding accident. The trustees are family members. All trustees give of their time freely and no trustee remuneration was paid in the period. The constitution provides that there must be at least three charity trustees but there is no maximum number. The constitution provides for appointment of trustees following a resolution at a properly convened meeting of the charity trustees. ## **Objectives and activities for the public beneft** The Foundation’s objectives as set out in its constitution are to advance the education and health of children and young people and also to relieve sickness and poverty in the same group. Although not so limited by its constitution, the Foundation exist to advance these causes in Ethiopia, Rwanda and Tanzania in particular. ## **Achievements** At the trustees meeting on 22 February 2015, the trustees approved a policy providing decision-making criteria to inform decisions about which individuals, groups or projects to support to further the Foundation’s objectives where one or more options have been identified which could further one of the objectives. In short, the criteria provide that the trustees will take decisions on which option to support given the resources raised and taking account the following: geographical reach; impact; local need; sustainability; direct control; equality and risk. By the 28 August 2019 the trustees completed their first project brought water, sanitation and hygiene to Gey Talt and Gey Shola’s, Ethiopia and was delivered in partnership with International Medical Corps (IMC). ## **Performance during the year** Covid has made fund raising a challenge in the last two years, and a project to create a series of children’s and young readers books in multiple languages has been launched. During the year a childrens illustrator was recruited on a royalties only OFFICIAL basis and all other persons including translators are volunteers to the project. The belief is that this will provide a longer term sustainable source of funds for the charity. The trustees have, in making decisions about the Foundation’s aims and objectives and in planning future activities and setting the grant making policy, had due regard to the Charity Commission’s general guidance on public benefit. ## **Financial review** The Foundation’s work is reliant on income raised via fund-raising activities as well as other any other donations received. In the accounting period ending 31 March 2021 donations the charity was effectively dormant in terms of active fund raising with the children’s book project in the planning to create a source of sustainable funds for the future. Financial statements have been prepared by accountants Longmires Business Accountants. The Foundation has HMRC recognition as a charity gift aid purposes. In the same accounting period no staff costs and overhead expenses have been claimed. Trustees have received no remuneration or expenses. Currently all funds held by the charity are unrestricted general funds. ## **Declaration** Approved by the trustees on 23[rd] March 2022 and signed on their behalf by: ## **Mary-Anne Bowring, Chair of Trustees** OFFICIAL MEDIOLIVER FOUNDATION Charlty Reglslratlon No.. 1159021 Account For The Year Ended 31 March 2021 Page 1 EDSOLIVER FOUNDATION REPORT OF THE TRUSTEES CHARITY INFORMATION REGISTERED CHARITY NO. 1159021 TRUSTEES SERVED TO 31 MARCH 2019 DATE APPOINTED MS MARY- ANNE BOVThING MR MARK BOWRING MR EMAD MEHRA MISS LEONA MEHRA MISS AMELIA MEHRA 31-Jul-14 31-Jul-14 (resigned 301h March 20201 31-Jul-14 (resigned 30th March 20201 22-Feb-1 S 20-Aug-1S REGISTERED ADDRESS 349 Royal College Street London NW19QS BANKERS Barclays Bank PLC SOLICITORS Ringley Legal LLP 349 Royal College Street London NW1 9QS ACCOUNTANTS Longmires P?ul House Timperley Page 2 MEDIOLIVER FOUNDATION TRUSTEES REPORT The Trustees present their annual report and financial slalements foi the year ended 31 March 2021. REPORT OF THE TRUSTEES 1. Accounting Policies Mediolwer Foundation is a registered charily. The financial slalemenl 8re prepared in accordance with the Financial Reporting Standard for Smaller Enlilies (The FRSSEI effective 1 January 2015 and under the historical Cost ¢onvenlion. The financial slalemenl are presented in accordance with the Slalemenl of Recommended Practice applicsble lo charities, 'Accounting and Reporting by Charities. All incoming resources available to the charity are recognised in the Statement of Financk21 Activities when there is reasonable assurance of receipt. "Charitable Aclivilies" comprise all expenditure directly rolaling lo the objects of the charily. Governance costs include Compliance with conslilutional and statutory requirements, including accounting fees and Trustee costs. In the current yeai there are no Staff costs and overhead expensas. Funds h&ld by the charty are either., Unreslricled general funds - these are funds that can be used in accordance with the charitable objects al the dis¢relion ol th8 Tiuslees. Reslricled funds - these are funds that can only be used for particular restricted purposes within the obleels of the Charity. ReslriGlion5 arise when sp8cified b the donor or Nvhen funds are raised for parttcular reslricled puiposes. Designated lunds- these are funds set aside by the Trustees out of unreslticled general funds for specific future purposes or proiecls. Currently all funds held by the charity are unrestricted generalfunds Trustees Tiuslees received no renum@ralion Trustees Out of pocket expenses amounting lo £0 Page 3 MEDIOLIVER FOUNDATION Independent Examin&r8' R&port Independent Examiners, Report to the Board of Trustg&S on the unaudltgd accounts of MEDIOLIVER FOUNDATION R&sp&ctlve responsibilities of the Trustees and the Indepèndent Examiner As the Charity's Iruslees, you are responsible for the preparation of the accounts and you consider that the audit requirement of se¢lion 43121 of the Charities Act, 1993 Ilhe Actl as amendfyd by section 28 of the Charities Act, 2006 does not apply. 11 is our responsibility lo slate, on the basis of procedures specified in the General Directions given by the Charity Commissioners under se¢lion 4317llbl of the Act, whether particular mallers have come lo our allenlion. Basis of Independent Examlnor8' Statement Our examination was carried out in accordance with the General Directions given by the Charity Commissioners and based on recommended accountancy practices. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from YOU as trustees concerning any such matters. The pro¢edures undertakell do not provide all the evidence that would be required in an audit and consequently, we do not express on audit opinion on the view given by the a¢counts. Indep&ndgnt Examiners, Statement In connection with our examination. no maller has come lo our atlenlion.. lil which gives us unreasonable cause lo believe that in any material respect the Tequiiements.. lal lo keep accounting records in accordance with section 41 of tha Act,. and Ibl lo prepaie accounts which accord with the accounting records and comply with the accounting requirements of the Act., have not been mel or lill to which, in our opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be re ched. ngmlro Buslng$$ A¢countants Sarah Steel - FCMA Paul House Timperley WA15 7UQ Date '. Page 4 MEDIOLIVER FOUNDATION Statement of Flnan¢ial A¢tivltles IINCLUDING AN INCOME AND EXPENDITURE ACCOUNTI Goneral Funds Restrictsd Funds 2021 2021 Total Funds 2021 FOR THE YEAR ENDED 31 MARCH 2021 Not68 In¢omlng resources Incomlng resource8 from general funds.. Voluntary Income Donations received Total inctsming rèsour¢e$ R880urc8s expended Totol RBsoucès Expénded Net Incomlng R¥sOu￿e8 Fund balance$ as at lÈt Aprll 2020 570 Fund balances ¢arri?d forward at 1 Aprll 2021 570 All ￿¢0￿nised uains and losses for year ended 31st March 2021 a￿ in¢luded above are d8rive from coniinulng a¢livitles. Page 5 MEDIOLIVER FOUNDATION BALANCE SHEET as at 318t March 2021 2021 2020 Notes Cttrrent Asset Current and Deposlt Accounts 570 570 Credltors Amounts falling duo wlthln one year Net current assets 570 570 Total assets le¥$ currènts Ilabllltle5 S70 570 Reprèsented by.. Unreslrlcted Gen8ral Funds Restrlcted Fund De$lgnated Fund 570 570 Net assets 570 570 The financial slalernents are presented in accordatKe with the Stalemenl of Recommended Practice., Accounting and Reporting by Charities.. The financial slatetnenis were approved by the Trustees and authoiised for i85uè on and are signed on their behalf by Mark Bowring Charity Compllance and Reporting MaryAnne Bowrtng Trustee Page 6