2024-03-31-accounts - Medioliver Foundation

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The MediOliver Foundation

Trustees Annual Report 2022-2023

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 decisionmaking 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

OFFICIAL

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

During the year we have been waiting for our volunteer illustrator to have time to complete the 8th book in the Children’s book series we have created which hopefully will provide a long term source of funding. This will enable us in 2025 to curate a book launch.

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 2024 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 31st December 2024 and signed on their behalf by:

Mary-Anne Bowring, Chair of Trustees

OFFICIAL

MEDIOLIVER FOUNDATION

Charity Registration No: 1159021

Account For The Year Ended 31 March 2024

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MEDIOLIVER FOUNDATION

REPORT OF THE TRUSTEES

CHARITY INFORMATION REGISTERED CHARITY NO. 1159021

TRUSTEES SERVED TO 31 MARCH 2024

DATE APPOINTED

MS MARY- ANNE BOWRING MISS LEONA MEHRA MISS AMELIA MEHRA

31-Jul-14 22-Feb-15 20-Aug-15

REGISTERED ADDRESS

349 Royal College Street London NW1 9QS

BANKERS

Barclays Bank PLC

SOLICITORS

Ringley Law LLP 349 Royal College Street London NW1 9QS

ACCOUNTANTS

Longmires 200a Stockport Road Timperley WA15 7UA

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MEDIOLIVER FOUNDATION TRUSTEES REPORT

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

REPORT OF THE TRUSTEES

1. Accounting Policies

MediOliver Foundation is a registered charity.

1 The financial statement are prepared in accordance with the Financial Reporting Standard for Smaller Entities (The FRSSE) effective 1 January 2015 and under the historical cost convention. The financial statement are presented in accordance with the Statement of Recommended Practice applicable to charities, 'Accounting and Reporting by Charities.
2 All incoming resources available to the charity are recognised in the Statement of Financial Activities when there is reasonable assurance of receipt.
3 "Charitable Activities" comprise all expenditure directly relating to the objects of the charity. Governance costs include compliance with constitutional and statutory requirements, including accounting fees and Trustee costs. In the current year there are no Staff costs and overhead expenses.
4 Funds held by the charity are either:

Unrestricted general funds - these are funds that can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted 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.

5 Currently all funds held by the charity are unrestricted general funds
6 Trustees

Trustees received no renumeration

Trustees Out of pocket expenses amounting to £0

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MEDIOLIVER FOUNDATION Independent Examiners' Report

Independent Examiners' 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 trustees, you are responsible for the preparation of the accounts and you consider that the audit requirement of section 43(2) of the Charities Act, 1993 (the Act) as amended by section 28 of the Charities Act, 2006 does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to our attention.

Basis of Independent Examiners' 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. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. 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 matter has come to our attention:

(i) which gives us unreasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with section 41 of the Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act;

have not been met or

(ii) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Longmire Business Accountants

Sarah Steel - FCMA 200a Stockport Rd Timperley WA15 7UA

Date : _ 31 12 2024

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MEDIOLIVER FOUNDATION

Statement of Financial Activities (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 General Funds 2024 Restricted Funds 2024 Notes £ Incoming resources Incoming resources from general funds: Voluntary Income Donations received 1 - - Total incoming resources - - Resources expended - - Total Resources Expended - - Net Incoming Resources - - Fund balances as at 1st April 2023 Fund balances carried forward at 1 April 2024	Total Funds 2024 £ -
	-
	-
	-

	-

	51

	51

All recognised gains and losses for year ended 31st March 2024 are included above are derive from continuing activities.

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MEDIOLIVER FOUNDATION

BALANCE SHEET as at 31st March 2024

Current Assets Notes Current and Deposit Accounts Creditors Amounts falling due within one year Net current assets Total assets less currents liabilities Represented by: Unrestricted General Funds Restricted Fund Designated Fund Net assets	2024 2023 £ £ 51 51
	- -
	51 51

	51 51
	51 51 - - - -
	51 51

The financial statements are presented in accordance with the Statement of Recommended Practice,' Accounting and Reporting by Charities'.

The financial statements were approved by the Trustees and authorised for issue on and are signed on their behalf by

……………………………… Mark Bowring Charity Compliance and Reporting

…31 12 2024……………………… Mary-Anne Bowring Trustee

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