Registered charfty number 1163595 The Mimosa Trust Trustees, Report, Independent Examiner's Report and Financial Statements for the year ended 31 December 2022
The Mimosa Trust Contents Reference and administrative details Trustees, Report for the year ended 31 December 2022 Independenl Examinerfs Report for the year ended 31 December 2022 Receipts and Payments Accounts for the year ended 31 Oecember 2022 Slalemenl ol Assets and Liabilities as at 31 December 2022
The Mimosa Trust Reference and administrative details Registered charity name The MirTh)$a Trusl Charity number 1163595 Trustees Emity Dyson Paley lan Paley Heather Wilson lappointed 17 February 20221 Contact address clo Juliet Cham)an Weybourne Ltd Telbury Hill Malmesbvry SN16 ORP Bankers Lloyds Bank plc 55 Com Street 8rislol BS1 1HT Independent Examlner Crch¥e UK LLP 4th Floor Sl James House Sl Jame5 Square Chellenharn GL50 3PR
Trustees, Report for the year ended 31 December 2022 The Trustees presenl their report and financial slalemenls of The Mimosa Trust I"Ihe Trust") for the year ending on 31 December 2022. The Truslees have prepared Ihe account5 on a receipts and paymenls basis. Reference and administrative detalls Reference and adminislralive details are shen on page 1. The Trust is an unincorporated charity regislered with the Charty Commission Ifegistralion number 11635951. Structure, govemance and managernent Goveming document The Trust is governed by ils Iwsl deed dated 26 June 2015. Governance of the Foundation The year under review is the sevenlh operating and financial yearofthe Twsl duiing which the Trustees met to review ils policies and procedures. Adminislralive support is provided by The James Dyson Foundation. Financial and accounting support IS Pfovided by Weybourne Limiled. Recruitment and training of frustees The Trustees have been appointed lo prov*Je Ihe skills identified as being necessary for the good governance of the Trust. The Trustees are ftjlly aware of their responsibilrties under charity law having reeeived inlomalion in the fom) of wrrtten dc¢vmenlalion_ 11 is intended thal Ihis will be made available to any newly appointed Trustees as well. Objectlves and activit5es The principal objects of the Trust are lo advance charitable purposes as the Trustees see fil, in particular, but not limited to. advancing for the public benefit healthcare and research into cancer. principally but not ex¢lusNely the care of Ih05e who are suffering or have suffered from cancer. The main aclivity lo achieve the objectNe$ is making grants and donatn$. Evidenced by the Trust's grant making aelivilies The Trustees confim th31 they have complied with their duty in Seclion 17 of the Charilies Act 2011 to have due regard to public benefit guidance published by the Charity Commission for England and Wales. Grant making policy Grants are determined by Ihe Trustees in accordanee with the objeels of the Trust. Applications for grants are consKlered by the Trustees in line with the Trust's objectives. Achievements and performance The Trust made donations lotalling £214.061 in the year. Ollhedonations made, £200,000 was donated to Breast Cancer Now. Financial review The receipts and payments aceounl for the period is sel out on page 6. Income for the year was £125,00012021.' NIL). The Trust's main source ol income forthe year was donations from Ihe TTUStees. The Trust made donations lotalling £214.061 12021.. £239,438) and paid overheads of £35 12021.. £1,271). The Trust ended the year with £43.68912021= £132.785} cash available for use in future periods.
Trustees, report for the year ended 31 December 2022 (continued) ReseNes The Trust does not eNe any donatws. grants and olher sources of fundraising where reslridions are imposed that are narrower than the Tnjsl's overall objectives. The Trustees are confidenl that Ihework ofthe Tnjsl can continue. F¥Jlure funding will mainly be derived from direct donations by Emily Dyson-Paley and lan Paley. and as such Ihe Tiuslees can ensure conlinualion. The Trust's fixed costs are not signfficanl and significant reserves are not usualty maintained, the Trustee's prefer lo donate funds only when planned expenditure is due lo exceed current reserves. Plans for future periods The Trust will continue lo seek out opportunities to further its charitable objects by providing donations and grants lo organisalions and individuals. Financial and accounting support is provided by Weybourne Limited. Heather Wilson, Trustee is the Director of HR & OperatM)ns for Weybourne Limited. Signed on behalf of the Twstees Heather Wilson Trustee Dale..
Independent examiner's report to the trustees of The Mimosa Trust for the year ended 31 December 2022
I report to the trustees on my examination of the accounts of The Mimosa Trust for the year ended 31 December 2022 which are set out on pages 6 to 7.
This report is made solely to the charity's trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity's members as a body and the charity's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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 respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 04 July 2023
Tara Westcott FCCA
Crowe U.K. LLP
Chartered Accountants 4[th ] Floor St James House St James Square Cheltenham GL50 3PR
Registered charlty number 1163595 The Mimosa Trust Receipts and Payments Accounts for the year ended 31 December 2022 2022 2021 Receipts Donalions received 125,000 Total recelpts 125.000 Payments Donatn$ paMI Adminislralive costs {214.0611 1239.4381 {1.2601 Bank Char es 18 Total payments (214.0961 1240,7091 Net Payments {89.0961 1240,7091 Cash funds last ear end 132.785 373.494 Cash funds this ear end 43.689 132.785 All receipts and payments were made lo and from unrest[ed funds.
Registered charity number 1163595 The Mimosa Trust Statement of Assets and Liabilities as at 31 December 2022 2022 2021 Assets Cash Funds 43,689 132,785 Total Assets 43,689 132,785 Liabilities Accruals Total Liabilities {1,4401 These accounts were approved by the trustees and are signed on their behalf by.. Heather Wilson Trustee Date: