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2021-01-31-accounts

Annual Report and Financial Statement

Year ended: 31[st] January 2021

Registered Charity no 1174960

Reference and administration information

Trustees

Ian Gorton Chairman of Trustees Sally Willson Secretary Bob Pritchard Joanne Pearse Lynn Osbourne

Patron

Major General Tim Cross (retired) MSC CBE

Founder

Sharon Blyth B.E.M Founder Administrator William Blyth Administrator

Charity number 1174960

National Location of principle office

9, Maultway Crescent Camberley Surrey GU15 1PN

Bankers

Lloyds Bank plc Uttoxeter (309890) Branch, PO box 1000, BX1 1LT

Report of the Trustees for year ending January 2021

The trustees set out their annual report for January 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

Structure, Governance and Management

Governing Document

The charity is controlled by its governing document. “The constitution of The Love Moldova Foundation. A Charitable Incorporated Organisation”

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Appointed safe guarding officer, Sally Willson

Statement of Trustees and Responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements, in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Vision

The Love Moldova Foundation is seeking to eradicate poverty and relieve suffering of those most vulnerable in Moldova: the lost, the least and the broken

.

Mission

Through i mproving life experiences through loving support, education and practical help and bringing hope to the hopeless through the “Good News” of Jesus

Values

Love and Hope Integrity Compassion Leadership

Objectives

To advance the Christian Faith for the benefit of the public in Moldova in accordance with our statement of beliefs set out in Annex 1 of our constitution.

The prevention or relief of poverty in Moldova by providing: grants, items and services to individuals, charities or other organisations working to relieve poverty.

The protection of vulnerable people in Moldova by providing: grants, items and services to charities or other organisations working to prevent abuse and trafficking.

How will our aims be fulfilled? -

We are determined and passionate to work with partners in Moldova who are known to us and have credible reputations. Our founder who lived and worked along- side such partners for many years has been able to determine the core needs in certain communities and therefore our support has been focused and specific in key areas.

Our partners and their key areas of focus, fall within the objects of The Love Moldova Foundation which keeps us, the Trustees very much in line with our objects

Our specific targeted areas are-

Activities

The Love Moldova foundation launched officially in May 2018. Since launch The Love Moldova Foundation has developed in its mission to eradicate poverty for the most vulnerable.

This report covers our activities for the last 12 months from January 2020 to January 2021. The Love Moldova Foundation is focussed and specific to the above areas of need.

2020 saw the appointment of two trustees to the board for The Love Moldova Foundation

Lynn Osbourne

Background in marketing. She is passionate about people development, embracing diversity and managing people well.

Loves the simple objectives and vision of LM. Also, the one-on-one relational aspect of the work as well as the projects involved in together, which remind her of the way the early church is described in Acts.

Jo Pearse .

Jo is passionate to see lives transformed in Moldova and has a particular passion to see women in lead positions and being all that they are designed to be.

Appointment of a Patron

Major General Tim Cross MSc CBE

Tim brings a wealth of knowledge, experience and wisdom to the team and is fully supportive of our work and willing to endorse our position through public speaking and constant encouragement.

Casa Helen : a home for abandoned and vulnerable elderly females.

This home was the vision of our founder who lived and worked in Moldova from 2007.

It became clear that many of the elderly population where in desperate need of love and care, companionship and warmth as they lived in isolation and poverty without any family members to assist them. We have 20 beds available for elderly ladies and currently provide a home for 17.

Provision

Outcome

We have confidence that Casa Helen has sufficient supplies through the extreme winter and that the ladies will safely and easily negotiate the staircase. The ladies were filled with joy when receiving their gifts and were extremely grateful for the loving care and generosity of our supporters.

The Love Moldova Foundation is ever grateful to our donors and volunteers who enable transformation of lives and communities through their dedication and sacrifice.

Support of a Bible Student to Sydney, Australia

Provision

In January 2020 we were delighted to be able to provide funds to enable a remarkable young man from Moldova to attend Hillsong Church Bible College in Sydney, Australia.

Thanks to the mentoring from a young age by Samantha and Leo Sandu (our missionaries on the ground) over the course of 5 years, Alex showed tremendous leadership abilities and an ambition to study and develop those skills to a professional standard.

Alex completed his second year with flying colour in 2020 and will graduate at the end of 2021.

Outcome

Alex has a passion when finished bible college to plant churches across Moldova. To establish leadership programmes and mentor young people into their future destiny. He is excelling in all of his studies. Alex received the prestigious award of Outstanding student for his first year in attendance. We are thrilled with his hard work, dedication and commitment.

Girl’s Residential Business Academy

The Love Moldova Foundation is passionate about this facility from the start and have been able to contribute massively for some of the needs that presented.

The academy will provide further education for girls as they grow into young women, equipping them with business skills and helping them to establish small businesses in the community which will provide them with hope and a future. The girls are vulnerable to traffickers because of their social circumstances and some have already been rescued from prostitution.

Provision

We continue to sponsor the needs of some of the young girls in the academy and have been in discussions with the Director regarding the development of a core curriculum for business studies which will allow the girls to become be stablished in small businesses in their communities

House Building

Thanks to our supporters we were able to provide the funds to enable the building of a bungalow for a single parent family. A mum and two young boys who had to leave an abusive situation and had no home are now living in comfort and safety in their new bungalow.

Outcomes

A beautiful family unit was given a fresh start in their very own home. The project was visited recently and the children are thriving, mum is safe and protected and is now employed as a carer

Health costs covered for a vulnerable lady.

The lady is the manager of a children’s programme in the church at Cornesti. She became very sick and was unable to work and had no money to pay for doctors’ fees.

Provision

We arranged for her to have a private consultation and to be prescribed the correct medicine for her condition. We also bought the prescription

Outcome

The lady diagnosed as a chronic asthmatic and given inhalers and a course of steroids until she became fit again. She has returned to work and is keeping her asthmas under control.

Wedding reception

We support a ministry which houses venerable girls until they are able to support themselves in the community. Raluca is the Director of the project and asked if we could support one of her older girls with her wedding costs.

Provision

We gave a gift which enabled the wedding venue and reception to be paid for and although there was a risk due to the pandemic, the wedding was able to go ahead and there were no infections of covid as a result.

Outcome

One very happy bride and groom

Emergency Food Packages

During the course of the pandemic, there have been many vulnerable families left with very little resources.

Provision

LMF provided over 1,000 packages of food for vulnerable families and 40 packages of food for families who had special needs children

Outcome

The children were able to withstand the harsh conditions and thrive as the state haven’t any provision for these families.

Those families that were without income could have food over the months that were most severe.

Leo and Samantha Sandu and family

We continue to support the work of this family who are living and working with the poor; the lost and the broken. They represent the heart of the Love Moldova foundation taking care of widows and the poorest of families with food parcels and lots of TLC.

Provision

We provide fuel/travel costs which enable them to connect with the neediest in the remote villages of Moldova and also to establish relationships with key influencers in the city for example, the British Ambassador

Outcomes

Much of the outreach work to the poorest communities has been enabled through supporting the very practical needs of this family who have put down roots in Moldova and dedicated their future to seeing transformation and hope abound.

The poorest people have been fed and cared for and have received much loving care as a result.

Lives have been influenced and impacted and leadership qualities developed across many groups.

Partners/donors

The Love Moldova Foundation is endeavouring to grow a loyal donor base on which we rely totally for our funding. We are extremely grateful to all who contribute.

One of our aims is to raise awareness of the needs in this small country of Moldova by speaking to churches, local Rotary Groups and others involved in the Not-forProfit arena. Unfortunately, much of the work around fundraising and awareness was halted this year due to the pandemic. However, our supporters have been loyal and we have not suffered for lack of funds.

The Trustees are committed to sending bi-annual reports/ news letters to all of our donors and also to holding an annual event which brings partners/donors and friends together to receive a personal update from the Trustees.

This is the formal Annual report of Trustees which will be submitted to the Charities Commission with a full overview of our annual financial accounts in full agreement with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

Signed by Chairman of Trustees

Dated 16/11/2021

The Love Moldova Foundation The Love Moldova Foundation The Love Moldova Foundation The Love Moldova Foundation The Love Moldova Foundation CC16a
For the period
from		 01/02/2020 To
Section A Receipts and payments
A1 Receipts Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
Unrestricted donations 15,963 -
1,798
-
9,133
-
1,538
2,506
7,500
-
7,475
2,500
-
2,725
2,003
37,177		 - 15,963
1,798
-
9,133
-
1,538
2,506
7,500
-
7,475
2,500
-
2,725
2,003
53,140		 16,261
Balti Girl's Home - - 1,500
Bible College Student - - 500
Casa Helen Residential Home - - 3,625
Cornesti Church Plant - - 1,675
Cornesti Pastor - - 1,275
Food Parcels - -
House Building - - 1,250
Model farm - - 2,250
Riscani Girl's Refuge - - 2,493
Riscani Missionaries 2,494
Ungheni Church - - 625
Ungheni Missionaries - - 1,250
Women's Conference - - -
Sub total(Gross income for
AR)
15,963		 - 35,197
A2 Asset and investment sales,
(see table).
- -
-
-		 - -
-
-
- - -
Sub total - - -
Total receipts
A3 Payments
37,177 - 53,140 35,197
1,798
-
7,200
-
1,913
2,074
7,500
-
-
6,788
2,500
-
2,750		 1,798
3,354
11,099
2,780
2,475
4,074
8,620
908
6,788
2,755
-
2,750
Cost of Charitable Activities
Balti Girl's Home - - 1,500
Bible College Student 3,354 - 3,809
Casa Helen Residential Home 3,899 - 6,020
Cornesti Church Plant 2,780 - 4,850
Cornesti Pastor 563 - 1,802
Food Parcels 2,000 - -
House Building 1,120 - 2,450
Model Farm - - 2,250
Pastor Igor's Family Home 908 - -
Riscani Girl's Refuge - - 3,704
Riscani Missionaries 255 - -
Ungheni Church - - 625
Ungheni Missionaries - - 2,538
Bank Charges (Donations) 30 11
-
617
-
-		 - 41
41
-
617
128		 10
Administration 41 - 162
Women's Conference - - -
Publicity & Printing - - 1,550
Fundraising 128 - -
Cost of Governance
- - - - 37
**Sub total ** 15,078 33,150 - 48,228 31,307
-
-
-
15,078
A4 Asset and investment
purchases, (see table)
- -
-
-		 - -
-
-
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end		 48,228
33,150 - 31,307
885 4,026 - 4,912 3,891
-

-
495		 - -
5,699		 -
5,204 - -
6,089 4,521 - 10,611 3,891

Section B Statement of assets and liabilities at the end of the period

Categories
B5 Liabilities
Signed by one or two trustees on
behalf of all the trustees
B4 Assets retained for the
charity’s own use
B3 Investment assets
B2 Other monetary assets
B1 Cash funds		 Details
Signature
Details
Details
Details
Bank Acccount
PayPal Account
SOLDO Account
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £
5,880 4,521
10 -
199 -
6,089 4,521
OK
Unrestricted
funds
to nearest £
- -
- -
Fund to which
asset belongs
-
-
Fund to which
asset belongs
-
-
Fund to which
liability relates

-
Ian Reid Gorton

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members ol The Love Moldova Foundation On accounts for th• year ended Charlty no (If any) 31 January 2021 1174960 Sèt out on the attached pag•s I report to the trustees on my examination ￿the accounts of the above charrty (Ihe Trusf) for the year ended 31ll)1r2021. R08ponslbllltles and As the tharity trustees of the Trust, you are reS￿nsIble for the preparation basis of rnport of the ac£ounts in accordance with the ￿UIreMents of the Charities A 2011 (Ihe A￿). I report in respect of my examinats'on of the Trust's ￿￿Unts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have lollowed the applicable Directions given by the Charity Commission under section 145{5>(b) of the Aci. I have IXm￿eted my examination. I confirm that no material matters have come to my attention {other than that disdosed bel(yw ') in connection with the examination which gives me cause to believe thal in. any material respect.. Independent examlner's statement unting records ware not kept in &cordanc8 With section 130 of the Act or the accounts do not xcord ith the accounting re￿rdS I have concems and have come across rK Other matters in connection th the examination to whith attention should be drawn in order to anabl8 8 proper underslaThJing of the accounts to be reached. ' Pleas8 delete Ihe in the brnd(ets rflhey do not awy. Slgnod: Name: Stuart Casey FCA Relevant professional quallficatlonls) or body Ilf any): Chartered Accountant Addrevd: V4lld Acre. Old Green La Cambedey GU15 4LG IER October 2018