## **The MediOliver Foundation** ## **Trustees Annual Report 2021-2022** 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 which 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** Post covid it has been essential to find ways of sustainable funding for the charity. A project for children’s books has been established. An illustrator recruited. A few translators recruited. And, the first series of books has been started with four books OFFICIAL published in the year and just under £2,500 revenue raised in the launch test phase. The Charity has also established a licence to sell on Amazon – but this has not been activated yet, as it is important to sort the formal launch when publicity and TV appearances are lined up. This will be scheduled when books 5, 6, 7, and 8 are ready. The intention is that this then creates a long 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 2022 donations the charity was effectively dormant in terms of active fund raising with the children’s book project in the planning, test phase. 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] January 2023 and signed on their behalf by: ## **Mary-Anne Bowring, Chair of Trustees** OFFICIAL MEDIOLIVER FOUNDATION Charlty Reglstratlon No.. 1159021 Account For The Year Ended 31 March 2022 Page I MEDIOLIVER FOUNDATION REPORT OF THE TRUSTEES CHARITY INFORMATION REGISTERED CHARITY NO. 1159021 TRUSTEES SERVED TO 31 NIARCH 2019 DATE APPOINTED MS MARY- ANNE BOWRING MR MARK BOWRING MR EMAD MEHRA MISS LEONA MEHRA MISS AMELIA MEHRA 31-Jul-14 31-Jul-14 Iresigned 301h March 20201 31-Jul-14 {resigned 301h March 2020} 22-Feb-15 20-Aug-15 REGISTERED ADDRESS 349 Royal Coltege Street London NW19QS BANKERS Barclays Bank PLC SOLICITORS Ringley Legal LLP 349 Royal College Streel London NW19QS ACCOUNTANTS Longmires Paul House Timperley Page 2 MEDIOLIVER FOUNDATION TRUSTEES REPORT The Trustees present their annual report and financial statements for the year ended 31 March 2022. REPORT OF THE TRUSTEES 1. Accounting Policies Medioliver Foundation is a registered charity. The financial slalement are prepared in accordance with the Financial Reporting Standard for Smaller Entities ￿he FRSSEI effective 1 January 2015 and under the historical cost convention. The financial statement are presented in accordance with the Statemenl of Recommended Practi￿ applicable to charits'es, 'Accounting and Reporting by Charities. All incoming resources available lo the charity are recognised in the Slalemenl of Financial Activities when there is reasonable assuiance of ￿e￿Ipl. "Charitable Activities comprise all expenditure directly relating to the Objec￿ of the charity. Governance costs include compliance with constilulional and slalulory requirements, including accounting fees and Trvslee costs. In the current year there are no Staff costs and overhead expenses. Funds held by the charity are either.. Unrestricted geneial funds - thes@ are funds that can be used in ?￿ordanCe with the charitable objects at the discretion of the Trustees. Reslricled funds these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified b the donor or when funds are raised for particular restricted purposes. Designated funds- these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. Currently all fvnds held by the charity are un￿StriCted generalfunds Trustees Trustees received no renumeralion Trustees Out of pocket expenses amounting to £0 Page 3 MEDIOLIVER FOUNDATION Independent Examin&rs' Report Independent Examlnèrs, Report to the Board of Trustees on the unaudited accounts of MEDIOLIVER FOUNDATION Respective responsibilities of the Trustees and the Independent Examiner As the Charity's Iruslees, you are responsible for the proparalion of the accounts and you consider that the audit requirement of section 43121 of the Charities Act. 1993 Ilhe Acll as amended by section 28 of the Charities Act, 2006 does not apply. 11 is our responsibility to slate, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 4317llbl of the Act, whether particular mallers have come lo our attention. BaslB of Independent Examiners. Statement Our examination was carried out in accordance with the General Directions given by the Charity Commissioners and based on recommènded 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 inclLJdes consideration of any unijsual items or disclosures in the aGcounls and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken 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 accounts, Independent Examiners, Statement In connection with our examination, no maller has come to our allenlion.. lil which gives us unreasonable cause lo believe that in any material respect the requirements.. lal lo keep accounting records in accordance with section 41 of the Act.. and Ibl lo prepare accounts which accord with the accounting records and Comply with the accounting requirements of the Act., have not been met or lill lo which. in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. LOn9n￿r¥ uslness Accountants Sarah Steel - FCMA Paul House Timperley WA15 7UQ Dale '. Page 4 MEDIOLIVER FOUNDATION Statement of Flnancial Activitios IINCLUDING AN INCOME AND EXPENDITURE ACCOUNTI GBneral Fund¥ Restrict8d Funds 2022 Tglal Funds 2022 FOR THE YEAR ENDED 31 MARCH 2021 2022 Notes In¢omln9 rgsources Incomlng resources from general funds.. Voluntary Incom• Donations receivéd 2,167 2.167 Total Incomlng re80urcÈs Resource8 expended 2,736 2,738 Total Rosoucos Expended Net Incomlng ReBour¢e$ Fund balances as at 1st April 2021 570 Fund balan¢•s carried forward a11 Aprll 2022 All r8cognisod galns and losses lor year ended 31st March 2022 are included above are d6rlv& frctn CDntinuing activities. Pag8 5 MEDIOLIVER FOUNDATION BALANCE SHEET as at 31st March 2022 2022 2021 Notes Current Assets Current and Deposit A¢¢ounts 570 Credltors Amounts falllng due wlthln one year Net curfènt assets 570 Total assets less currents Ilabllltlgs 570 Repr96ented by= Unrestricted Genèral Fund5 Rastrlcted Fund Oeslgnated Fund 570 N•t a55et5 570 The financial stalemenls are Fxesented in accordan￿ ￿1th the Slatemenl of Recommended Practice,, Accounting and Reporting by Charities.. The finan£?al slal8n18nts wero approved by the Trustees and aulhtsrised for issue on and are signed on their behalf by Mark Bowrlng Charlty Cofflpliance and Reportlng Mary-Anne Bowrlng Trustee Page 6