## **MYANMAR TRUST UK**
**(A COMPANY LIMITED BY GUARANTEE)**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JANUARY 2022**
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr V Kumar Dr M Sadan Ms E Tydeman
## **Secretary**
**Charity number Company number Principal address**
Ms Z Herbert 1180966 11180399 24 Somerset Street Kingsdown Bristol BS2 8LZ United Kingdom
Acre House 11-15 William Road London NW1 3ER United Kingdom
**Auditor**
HW Fisher LLP Acre House 11-15 William Road London NW1 3ER United Kingdom
**MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
||3|
|Independent auditor's report|4 - 6|
||7|
|Balance sheet|8|
||9 - 14|
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
l
The charity's objects are to advance such charitable purposes (according to the law of England and Wales) for the people and
camps in Bangladesh and in Rakhine State, Myanmar.
## **Achievements and performance**
with Rohingya refugees.
anmar, lead
the Trustees to review the work of the Trust and seek new funding to support the urgent needs of the Myanmar people at this
c down s the emergency support to
In April 2021 we received a small grant of $20,000 from Purposeful, a UK Charity, for emergency support to women and girls m grant from the
## **Financial review**
During the year £635,164 (2021 : £19) of income was received and amount of £551,547 (2021 : £63,773) of expenditure incurred ed funds, the unrestricted fund balance was £nil.
February 2021.
- 1 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
## **Fundraising and future plans**
will Myanmar Trust
mely
## **Reserves policy**
a
## **Structure, governance and management**
2018 and amended on 5 October 2018.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of
Mr V Kumar Dr M Sadan Ms E Tydeman
contribute a sum not exceeding £10 in the event of a winding up.
## **Auditor**
of
The trustees' report was approved by the Board of Trustees.
..............................
## **Mr V Kumar**
Trustee Dated: .........................
- 2 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
The trustees, who are also the directors of Myanmar Trust UK for the purpose of company law, are responsible for preparing the ed f the state f the charitable company for that year.
ct 2006. They
- 3 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT**
## **TO THE MEMBERS OF MYANMAR TRUST UK**
## **Opinion**
Standards, including FRS 102
ise the ng policies. (United Kingdom
- ces
-
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
applicable law. Our _cial statements_ our audit of ide a
basis for our opinion.
the
of at least
report.
misstatements, we are required to determine whether this gives rise to a material misstatement in th we are required to report that fact.
uditor's we do onsider e of the or apparent material on,
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of our audit:
- rposes of company law,
- the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not
- 4 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE MEMBERS OF MYANMAR TRUST UK**
port to
- you if, in our opinion:
- visited by us; or
ceived from branches not
-
-
-
- egime and take epare a
- strategic report.
the they give a true ncial statements d to going or to
e are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the al statements.
th our to which our
As part of our planning process:
- or alleged fraud. The
- charity did not inform us of any known, suspected or alleged fraud.
- We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We determined that the
- management bias, which
- Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a assessment.
- icted
- funds.
- s
- including fraud.
- 5 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE MEMBERS OF MYANMAR TRUST UK**
etected some material it in accordance with ustees of
the charity.
://www.frc.org.uk/
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's memb do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Andrew Rich (Senior Statutory Auditor)**
## **for and on behalf of HW Fisher LLP**
Chartered Accountants Statutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom
.........................
- 6 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
**3**
-
635,123
Other income
**4**
41
-
**Total income**
41
635,123
**Expenditure on:**
**5**
588
550,959
**Net (expenditure)/income for the**
**year/**
**Net movement in funds**
(547)
84,164
Fund balances at 31 January
2021
547
6,270
**Fund balances at 30**
**January 2022**
-
90,434|**Total**
Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
**£**
**£**
635,123
-
-
41
19
-
635,164
19
-
551,547
969
62,804
83,617
(950)
(62,804)
6,817
1,497
69,074
90,434
547
6,270|Total
2021
**£**
-
19|
|---|---|---|
|||19|
|||63,773|
|||(63,754)
70,571|
|||6,817|
Companies Act 2006.
- 7 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET**
## _**AS AT 30 JANUARY 2022**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**10**
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds|**2022**
**£**
183,399
(92,965)|**£**
90,434
90,434
-
90,434|**2021**
**£**
15,580
(8,763)|**£**
6,817|
|---|---|---|---|---|
|||||6,270
547|
|||||6,817|
.............................. Mr V Kumar **Trustee**
- 8 -
**MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
## **1**
House, 11-15 William Road, London, NW1 3ER, United Kingdom.
the Companies Act 2006 s preparing their ve
The charity has taken advantage of the provisions in the SORP not to prepare a Statement of Cash Flows.
in these
are set out below.
## **1.2 Going concern**
At the resources n basis of
## **1.3 Charitable funds**
oses and uses of the
## **1.4 Income**
can be measured reliably, and it is probable that income will be received.
## **1.5 Expenditure**
ng the charity to that
All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance, are allocated to
the he
control of the charity.
cipient but there is
- 9 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
## **1**
nd
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash at bank and in hand.
## **2**
## **3**
|**estricted**
**funds**
**2022**
**£**
257,001
363,925
14,197
635,123|Total
2021
£
-
-
-|
|---|---|
||-|
## **4 Other income**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Other income|41|19|
- 10 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
**5**
|**Restricted**
**funds**
**Restricted**
**funds**
**2022**
**2021**
**£**
**£**
482,135
29,017
Share of support costs (see note 7)
54,820
32,050
Share of governance costs (see note 7)
14,592
2,706
551,547
63,773
**Analysis by fund**
Unrestricted funds
588
969
Restricted funds
550,959
62,804
551,547
63,773
**6**
**Grants payable**
**Restricted**
**funds**
Restricted
funds
**2022**
2021
**£**
£
Centre for Social Integrity
-
24,017
-
5,000
Access to Informaion
42,107
-
General
21,818
-
Human rights
272,953
-
Inclusive Civil Society
145,257
-
482,135
29,017|**Restricted**
**funds**
**Restricted**
**funds**
**2022**
**2021**
**£**
**£**
482,135
29,017
Share of support costs (see note 7)
54,820
32,050
Share of governance costs (see note 7)
14,592
2,706
551,547
63,773
**Analysis by fund**
Unrestricted funds
588
969
Restricted funds
550,959
62,804
551,547
63,773
**6**
**Grants payable**
**Restricted**
**funds**
Restricted
funds
**2022**
2021
**£**
£
Centre for Social Integrity
-
24,017
-
5,000
Access to Informaion
42,107
-
General
21,818
-
Human rights
272,953
-
Inclusive Civil Society
145,257
-
482,135
29,017|**Restricted**
**funds**
**Restricted**
**funds**
**2022**
**2021**
**£**
**£**
482,135
29,017
Share of support costs (see note 7)
54,820
32,050
Share of governance costs (see note 7)
14,592
2,706
551,547
63,773
**Analysis by fund**
Unrestricted funds
588
969
Restricted funds
550,959
62,804
551,547
63,773
**6**
**Grants payable**
**Restricted**
**funds**
Restricted
funds
**2022**
2021
**£**
£
Centre for Social Integrity
-
24,017
-
5,000
Access to Informaion
42,107
-
General
21,818
-
Human rights
272,953
-
Inclusive Civil Society
145,257
-
482,135
29,017|
|---|---|---|
||**2022**
**£**
-
-
42,107
21,818
272,953
145,257
482,135|2021
£
24,017
5,000
-
-
-
-|
|||29,017|
- 11 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
## **7 Support costs**
|**Support costs**
**Governance**
**costs**
**£**
**£**
Bank charges
1,163
-
Consultancy fees
56,223
-
(Gain)/Loss on foreign
exchange
(5,024)
-
Travel and subsistence
1,458
-
1,000
-
Audit fees
-
13,500
Accountancy
-
-
Legal & Professional fees
-
1,092
54,820
14,592
Analysed between
54,820
14,592|**2022**
Support costs
Governance
costs
**£**
£
£
1,163
63
-
56,223
3,800
-
(5,024)
28,187
-
1,458
-
-
1,000
-
-
13,500
-
-
-
-
1,986
1,092
-
720
69,412
32,050
2,706
69,412
32,050
2,706|2021
£
63
3,800
28,187
-
-
-
1,986
720|
|---|---|---|
|||34,756|
|||34,756|
## **8 Trustees**
year.
## **9 Employees**
There are no employees during the year.
|||**2022**|**2021**|
|---|---|---|---|
|||**Number**|**Number**|
||Total|-|-|
|**10**|**Creditors: amounts falling due within one year**|||
|||**2022**|**2021**|
|||**£**|**£**|
||Trade creditors|79,465|6,763|
||Accruals and deferred income|13,500|2,000|
|||92,965|8,763|
- 12 -
**MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
## **11 Restricted funds**
|||||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|
||**Balance at**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
|**31**|**January 2020**|**expended**|**31 January 2021**|**resources**|**expended**|**30 January 2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
||-|-|-|257,001|(167,567)|89,434|
||-|-|-|363,925|(362,925)|1,000|
||-|-|-|14,197|(14,197)|-|
||69,074|(62,804)|6,270|-|(6,270)|-|
||69,074|(62,804)|6,270|635,123|(550,959)|90,434|
- to strengthen and support rights-based CSOs engaged in securing human rights for all, and accountable rking
- support.
- To support women, girls, and LGBT’s role in the Myanmar democracy movement inside and outside the country rights
- abuses against these groups so there can be no impunity for the perpetrators
- To improve and expand grassroots programming on women/girls/LGBTIQ rights, women’s leadership, SRHR, and
- Children on The Edge in Bangladesh
- Centre for Social integrity in Bangladesh
- 13 -
## **MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JANUARY 2022**_
|**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 30
January 2022 are
represented by:
-
90,434
-
90,434|**Total**
Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
90,434
547
6,270
90,434
547
6,270|Total
2021
£
6,817|
|---|---|---|
|||6,817|
- 14 -