**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- - Rescue and support of the elderly - Rescue and support of vulnerable girls open to human trafficking - Spiritual and practical support of local churches - Provision of salaries for specific individuals - The furthering of education for specific individuals. ## **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** - We received a very generous donation which was specifically for the care of our grannies Christmas 2019. - We were able to bless each lady with a beautiful and personal Christmas gift. - We purchased a new oven for the kitchen - A new washing machine - A tumble dryer to help with the laundry in the winter time. - We stocked the larder with many staples, past, sugar, flour, conserves etc - We also installed a new wooden staircase which has specially widened steps to help those who find climbing the stairs more strenuous. ## **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