Regl¥tsred Gharity number 1163095 The Mimosa Trust Trustees, Report, Independent Examiner's Report and Financial Statements for the year ended 31 December 2023 The Mimosa Trust Contents R6ference and adrninistrative d8tails Trustees. Report for the year &nd8d 31 December 2023 Trustees, Report for the year end￿ 31 December 2023 (continued) lThJep6ndent Examiner's Report for the year ended 31 December 2023 Receipts and Payments Accounts for the year ended 31 D8C8mber 2023 Stalemenl of Assets and Liabilities as a131 December 2023 The Mimosa Trust Reference and administrative details Registér￿ charlty name The Mimosa Trust Charity number 1163595 Trustees Emity Dyson Paley lan Paley Haathar WiL8on Contact address clo Juliet Charm8n Weybourne Ltd Tetbury Hill Malmesbury SN16 ORP Bankers Lloyds Bank pk 55 Corn Street Bristol BS1 1HT Indépèndènt Examlner Crowe UK LLP 4th Floor St Jame5 House St Jame$ *uare Cheltenham GL50 3PR Trustees, Report for the year ended 31 December 2023 Th8 Trust8es present their report and finarKial staternents of The Mimosa Trust (Yhe Trusfi for the year ending on 31 December 2023. The Trustees have prepared the aecounts on a receyls and payments basw. Reference and adminlstrallvg dotall$ Reference and administrative details are shown on page 1. The Trust B an uninGorporaled charty registered with the Charity c(￿MisSion Iregistralion number 11635951. Structure. yovernance and management Goveming document The Trust Is governed by ils trust deed dated 26 June 2015. Governance of the Foundation The year under Teview is the eighth operating and flnart181 year ofthe Twst during which th& Trustees mel to review its policies and procedures. Administrative support is provided by The James Dyson Foundation. Financial and accounting support is provided by Weybourn8 Limited. R￿ruitrnent and training of frustees The Trust885 have been appointed to provide the skills identrfted as being necessary for the good governance of the Trust. The Trustees arfj fully awar8 of their responsibilities under charity law having re￿ived infomiation in the form of written dwumentation. It is intended that this w￿1 be made avallable to any newly appointed Trustees as well. Objgctlves and actkvities The principal objects of the Trust are to advance charitabte Purposes as the Trustees see frt, in particular, but not limited to, advancing for the public benefit he81thcare and research into cancer, principally bul not exclusively the care of those who are suffering or have suffered from cancer. The main activity to achieve the objectives is making grants and donations. Evidenced by the Trust's grant making activities The Trustees confinn that they have compli8d with theirduty in Section 17 of the Ch8rit18s Act 201110 hav8 due regardto public benefitguidance published by the Charity Commission for England and Wales. Grant maklng pollcy Grants are determined by the TNStees in accordance with the objects of the Trust. Applications for grants are considered by the Trustees in line with the Trust's obiectwes. Achlevements and perfomianc8 The Trust made donations totslling £210,736 in the year. Of the donations madè, £200,000 was donated to Breast Cancer Now. Financial r8Yi8w The receipts and payments account for the period is sel out on page 6. Income for the ye8r was £213,617 12022.. £125,000). The Trust's main source of income for the year wa$ donations from the Trustees. The Trust made donations totalling £210,736 (2022.. £214,￿1) and paid overheads of £1,453 {2022.- £35}. The Trust ended the year with £45.117 {2022." £43,689) cash availabkg for use in future periods. Trustees, report for the year ended 31 December 2023 {continued) Reserves The Trust doas not receive any donations, grants and other Sources of fun¢Jraising where restridions are imposed that are narrower than the Trust's overall objectives. The Trustees are confident thatthework ofthe Trust can continue. Futurefunding will mainly b8 d8rived from direct donations by Emity Dysen4Jaley and lan Paley, and as such the Trustees Can ensure conlinualion. Th8 Trust's fixed costs arè not signif￿ant and Signrf￿ant reserves are not usualty maintained, the Trustee's prefer to donate funds On￿ when planned expenditure is due to exceed current reserves. Plans forfutureperiods The Trust will Continue to seek out opportunities to further its charilable objec15 by provHling donations and grants to organisalions and individuals. Financial and accounting SUPF)Ort is provided by Weybourne Limited. Heather Wllson, Trustee is the Director of HR & Operations for Weyboume Limited. Signed on behalf of the Trustees Heather Wilson Trustee Dale.. Independent examinerfs report to the trustees of The Mimosa Trust for the year ended 31 December 2023 I report to the trustees on my examination of the accounts of The Mimosa Trust for the year endeLI 31 December 2023 which are sel out on pages S to 6. This report is made solely to the Charity's trustee8, as a body. in accordance wrth section 154 of the Charities Act 2011. My independent examiner's work has been undartaken so that I might state lo the tharty's trustees those matters l am required to slate lo them in an independent examine¢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 br)dy and the charty's trustèes as a body for my Indapandent examin6rf$ work, for this report, or for the opinitsns I have fomied. Responsibilities and basis of rèport As the Trustees of the Charity you are responsible forthe preparation of the accounts in ￿cOrdance with the requirements of the Charities Act 2011 ('the 2011 Art). I report in respect of my examination of the Trust's accounts carried out under secliorb 145 of the 2011 Act and in carrying out my examination I have followed all tho applrabl* Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matt8rs hav8 come to my all8ntion in connection with the examination giving me cause to believe that in any material respect.. a¢counting records were not kept in respect of the Charity as required by section 130 of the 2011 Act- or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities {A¢counts 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 com8 across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understsncling of the accounts to be reached. Sign8d'. Dated.. Tara Westcott FCCA Crowe U.K. LLP Chartered Accountants 41h Floor st James House Sl James Square Cheltenham GLSO 3PR Reglstered ¢harty number 1163595 The Mimosa Trust Receipts and Payments Accounts for the year ended 31 December 2023 2023 2022 Reeèipts Donations received 212,51Kl 125.000 Interest re¢eived Tolal receipts 213,617 125,000 Payments Donations paid Administrative costs 1210,736) 1214,0611 117) Independent Examiner Fees Bank Char es {1.4401 13 Total paymants {212,1891 {214,0￿) Net Payments 1,426 {89,096} Cash funds last ear end 43.689 132785 Cash funds thls ear end 43.689 I receipts and payments were made to and from Unrestr￿ted funds. Registeréd charity numbèr 1163595 The Mimosa Trust Statement of Assets and Liabilities as at 31 December 2023 2023 2022 Cash Funds 45.117 43.689 Total Arjsets 46.117 43,689 Llabllltlès Accrua15 1,590 (1,S90) 1,440 Total Liabilstie8 {1,440} These accounts were approved by the Iruslees and are signed on their behaK by.. He*her Wilson Trustee Date: