**Annual Report and Financial Statement**
**Year ended: 31[st] January 2024**
**Registered Charity no 1174960**
## **Reference and administration information**
## **Trustees**
Sally Willson (Chairman) Bob Pritchard Joanne Pearse Lynn Osbourne Mike Willson
## **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 2024**
The trustees set out their annual report for January 2024. 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 safeguarding 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 in country.
- 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 2023 to January 2024. The Love Moldova Foundation is focussed and specific to the above areas of need.
2023-2024 was a year of maintaining the current work. Raising awareness through conferences both in UK and Moldova. Aiming to broaden our supporter base and reach many more vulnerable girls and ladies through the Gospel pf Jesus Christ.
We continued to support those who were fleeing the conflict in the Ukraine supplying fuel to the most vulnerable in the northern villages.
**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 ladies.
## **Provision**
## **A complete refurbishment of the house took place over the summer.**
- Repairs to kitchen, including, replacement boiler, new pans and utensils, crockery and cutlery. New taps and piping fitted over the sink. New kettle. er.
- Repairs to bathroom, including replacement shower and cubicle, toilet, radiator.
- Replacement light fittings throughout
- Beds repaired and also replaced with new.
- Whole of the building painted including dining area, new curtains fitted.
- Outside walls insulated with polystyrene blocks and painted,
- New garden seating with padded seats to replace old benches.
- A garden radio installed to lift the spirits of the old ladies.
- Replacement electrical switches and distribution boards.
## **All of the work was carried out with the aid of volunteers from the UK.**
## **Outcome**
A beautiful space and lovely environment for the ladies to enjoy as they live out the last years of their lives.
The Love Moldova Foundation is ever grateful to our donors and volunteers who enable transformation of lives and communities through their dedication and sacrifice.
## **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**
The director of the academy has developed a core curriculum which covers all aspects of business studies.
- Developing a business plan and implementation
- Analysis of financial models required for starting a business.
- Study ways to evaluate profit, risk and management of business.
- Develop presentation skills and ability to pitch to prospective investors.
- Web development and marketing
The course attracted boys and girls from across the region 24 completed the course and graduated in December 2022
We provided a start-up sum for the top three students to enable them to begin to establish their businesses in the local community,
## **LIMITLESS Women’s conference June 2023**
Following on from the previous year’s success we hosted a conference for women across the UK. We invited speakers from Australia, London, Cambridge, Oxford and Camberley.
The Mayor of Camberley, Cllr Karbie Sang opened the conference which ran for Friday evening and all-day Saturday.
The following weekend we travelled to the capital city of Moldova to run the whole programme there too.
## **Outcome**
Collectively we reached over 200 women with the “Good News” of Jesus, lives were transformed as many became followers of Jesus or received healing emotionally and physically.
## **Cornesti Pastor**
We provide a small salary for a lady who visits the old ladies in Casa Helen, twice a month. She prays with them and gives lots of encouragement. This very much improves their morale and brings them joy.
## **Food Packages**
We provided food packages for those most vulnerable.
## **Outcome**
Those families that were without income could have food over the months that were most severe. Providing staple supplies of pasta, oil, floor, jam, sugar, margarine and rice.
## **Our partners in Ungheni**
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 single mums, 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 and Miah Sandu the current president.
## **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, as with last 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/ newsletters 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 and our Patron.
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 25[th] November 2024**
**The Love Moldova Foundation 1174960 Receipts and payments accounts CC16a For the period** 01/02/2023 **To** 31/01/2024 **from**
|**Section A Receipts and payments**|**Section A Receipts and payments**|**Section A Receipts and payments**||||||||
|---|---|---|---|---|---|---|---|---|---|
|**A1 Receipts**|||**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**10,250**
**498**
**185**
**738**
**2,394**
**-**
**-**
**14,065**
**-**
**-**
**-**
**14,065**
**-**
**-**
**10,250**
**-**
**-**
**-**
**-**
**189**
**12,483**
**738**
**2,444**
**-**
**-**||**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**15,873**
**-**
**10,250**
**498**
**185**
**738**
**2,394**
**-**
**6,935**
**36,873**
**-**
**-**
**-**
**36,873**
**-**
**-**
**17,665**
**-**
**2,063**
**371**
**-**
**1,400**
**12,483**
**12,527**
**2,894**
**1,800**
**-**||**Last year**
**to the nearest £**|
|Unrestricted donations|**15,873**||||||||**25,034**|
|Bible College Student|**-**||||||||**2,406**|
|Casa Helen Residential Home|**-**||||||||**7,700**|
|Cornesti Pastor|**-**||||||||**25**|
|Riscani Girl's Refuge|**-**||||||||**180**|
|Unghen Mission|**-**||||||||**-**|
|Ungheni Missionaries|**-**||||||||**725**|
|Ukrainian Refugees|**-**||||||||**88,200**|
|Women's Conference|**6,935**||||||||**6,910**|
|**_Sub total_**_(Gross income for_
_AR)_|**22,808**||||||||**131,180**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**-**|||||||||
||**-**||||||||**-**|
|**_Sub total_**|**-**||||||||**-**|
|**_Total receipts_ **
**A3 Payments**||||||||||
||||||||||**131,180**|
|||||||||||
|**Cost of Charitable Activities**||||||||||
|Balti Girl's Home|**-**||||||||**-**|
|Bible College Student|**-**||||||||**8,485**|
|Casa Helen Residential Home|**7,415**||||||||**11,870**|
|Cornesti Church Plant|**-**||||||||**-**|
|Cornesti Pastor|**2,063**||||||||**2,250**|
|Food Parcels|**371**||||||||**-**|
|House Building|**-**||||||||**464**|
|Riscani Girl's Refuge|**1,211**||||||||**200**|
|Ukrainian Refugees|**-**||||||||**67,742**|
|Ungheni Mission|**11,789**||||||||**684**|
|Ungheni Missionaries|**450**||||||||**750**|
|Ungheni Missionaries Travel|**1,800**||||||||**1,800**|
|Ungheni Worker|**-**||||||||**-**|
|||||||||||
|Bank Charges (Donations)|**7**||**0**||**-**||**8**||**198**|
|Administration|**107**||**-**||**-**||**107**||**105**|
|Publicity & Printing|**-**||**-**||**-**||**-**||**-**|
|Fundraising|**275**||**-**||**-**||**275**||**258.13**|
|Conference|**10,876**||**-**||**-**||**10,876**||**5,709.14**|
|**Cost of Governance**||||||||||
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**36,364**||**26,104**||**-**||**62,468**||**100,514**|
|**A4 Asset and investment**
**purchases, (see table)**|**-**
**-**
**-**
**36,364**
**- 13,556**
**2,000**
**18,935**
**7,379**|**-**
**-**
**-**
**26,104**
**- 12,039**
**- 2,000**
**20,790**
**6,751**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||||
|---|---|---|---|---|---|---|
||**-**|||**-**|||
||**-**|||**-**|||
|**_Sub total_ **
**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
Derestriction of gift
**A6 Cash funds last year end**
**_Cash funds this year end_**|**-**|||**-**||**-**|
||||||||
|||||||**100,514**|
||||||||
||**- 13,556**|**- 12,039**|**-**|**- 25,595**||**30,666**|
||**2,000**|**- 2,000**|**-**|**-**||**-**|
||||||||
||**18,935**|**20,790**|**-**|**39,725**||**9,059**|
||**7,379**|**6,751**|**-**|**14,130**||**39,725**|
## **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
**B1 Cash funds**
**B4 Assets retained for the**
**charity’s own use**
**B2 Other monetary assets**
**B3 Investment assets**|Wise
**Details**
Bank Acccount
PayPal Account
SOLDO Account
**Details**
Stewardship
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**6,016**
**6,751**
**663**
**-**
**513**
**-**
**188**
**-**
**7,379**
**6,751**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
Print Name
S Willson|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
|||||
|||||
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
||||Date of
approval|
|||S Willson||
|||||
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trustsesl
m•mbors of
The Love Mddova Foundation
On accounts for th• year
endod
Charlty no
Ilf any)
31 January 2024
1174960
Sot out on the attachad pages
I report to the tru8te88 on my examination of the accourrts of Iho above
charty (Ihe Trusf) for the year ended 3110112024.
Rosponslbllttl•s and As the tharity trustees of th• Trust. you are respx)n8ible for the preparation
basls of rnport of Ihe ac£ounts in accordance with the requirements of the Charities Aci
2011 (Ihe Acr).
I report in respect of my examination of the Tm8t's aco)unts carrled
under section 145 of the 2011 Act and in carrying out my examination, I
have follow1 the applicablo Direclions given by tho Charity Commission
under section 145(5)(bl of the Act.
I have Mpleted my examinats'on. I confirni that no material matters have
com8 to my attention (other than that disdosed below ") in connection with
the examination which gives me cause to beliewi that in, any material
respect..
accounting records were not kepl in accordance with aectlon 130 of
the Ad or
the aLuunts do not accord with the accounting reoxds
Independent
examlnerfs Statement
I have no concems and have come across no other matters in connection
with the examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be re8ched.
' Please delete wonls in the brackets rflhey do not apply.
Slgnad: ff
Nam•:
Stuart Casey FCA
11 November 2024
Relevant profmslonal
quallficatSonls} or body
(If any):
Chartered Accountant
Addms:
Id Acre, Old Green Lane
Camberley
GU16 4LG
IER
October 2018
Section B
Disclosure
Only complete rfthe examiner needs to highligm matters of concem (see CC32,
Independent examination of charity xc(nts. diredions and guidance for
examiners).
Gfve here brfef detslls ol
any items thatthe
examlnerwlshes to
dl8clo80.
IER
October 2018