**MYANMAR TRUST UK (A COMPANY LIMITED BY GUARANTEE)** 

**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025** 

**Company Registration Number 11180399 Charity Number 1180966** 



MYANMAR TRUST UK
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
CONTENTS
PAGE
Trustees, Annual Report
Reference & Administrative Information
Independent Auditor's Report
10-12
Statement of Financial Activities
13
Balan￿ Sheet
14
Cash Flow Statement
Notes to the Financial Statements
16-29

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
The Iruslees present their report and financial stslements for the year ended 31 January 2025.
The financial stslemenls have been prepared in accordance with the accounting policies set out in note 1 to
the financial statements and comply with the charity's governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021" leffeclive from 1 January 2019}.
Objectives and Activities
The charity's objects are lo advance such charitable purposes (according to the law of England and Wales)
for the people and inhabitants of Myanmar (both in Myanmar and elsewhere) as the Iruslees think fil.
Four years on from the Myanmar military's attempted coup, civil society, in solidarity with the people of
Myanmar, remain defiant. Working lo build cohesion through addressing division, local civil society remains a
critical avenue for supporting civilians across Myanmar in the face of a military seeking lo co-opt all areas of
public and private life. At Myanmar Trust UK, we have supported our civil society partners and their
communities who remain unyielding. We have remained steadfast in advancing our charitable purpose, and
persist in supporting work towards grassrools-led advancement of an inclusive and democratic future in
Myanmar.
Vthile the context has remained complex, and volatile, our relationships with grassroots groLJPS have ensLJred
that we could continue to deliver support to local civil society initiatives in a respectful, and complementary
fashion. Combining our grassroots connections, and a firm focus on compliance, we leveraged significantly
larger sums of public funding in our most recent financial year. Together with our grantee partners, we could
deliver much of this support d1￿cl1Y to individuals in need in conflict affected areas. This, alongside ongoing
support lo civil society partners on the ground, is building up a nexus of civil society working on human rights,
accountability, and equality in the most constrained of contexts.
In this past year, we have continued lo provide support to partners in Myanmar whose work furthers our three
core programs. The first focuses on access lo information and resources for non-violent movements. The
second focuses on human rights and accountability. The third focuses on Inclusion and gender accountability.
Conlribuling lo these three programs, we have delivered support through 12 key projects as outlined below.,
Project 1.. Collaboration between Myanmar Trust UK and local grant-makers
Project 2.. Human Rights and Accountability
Project 3". Response to Security Needs of HRDS and Political Activists
Project 4". Bolstering Burma Scholars and Human Rights Defenders at Risk
Project 5.. Advancing rights of young women, girls and diverse communities
Project 6.. International Accountability Project
Project 7.. Strengthening the Menstrual Justice Movement
Project 8." Natural Resource Research
Project g Strengthening Resilience of Displaced, Vulnerable and Marginalised Communities
Project 10. Research and Technical Support Regarding Community Resilience
Project 11.. Emergency Response to Communities
Project 12.. Support to the women of Burma
We have continued to expand and streamline our model as an effective and efficient channel lo reach civil
society operating in Myanmar. Our experienced team of stsff and consullanls leverage decades of experience
working with non-governmental organisations in Myanmar to maintain strong relationships with grantees and
end beneficiaries. These relationships with trusted groups and individuals ensure that we can maximise the
impact of funds and keep our own costs lo the minimum required lo maintain strong due diligence processes

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
for fiscal and operational oversight. We assess our success based on outcome haNesting from groups
supported, and the ability of our assistance to achieve change in hard-lo-reach areas.
The vast majority of funds in 2024-2025 reached areas severely affected by conflict. This reflected the
continued endeavour of our team lo reach communities that cannot access traditional forms of assistance.
We did this in an efficient manner, providing support tolalling over three million dollars to 90 institutions and
3,600 individuals, with administrative costs (including staffing costs) of less than 50/0 of total funds expended.
The chart below illustrates the geographic breakdown of our assistance.
Northern
Myanmar
Cenirèl
Myanmar
Thal-Based
Support
Interna￿Onal
Support
-5%
E¥itern M¥¥nmi
ndth
Dryzon
Southeast Myanmar
-14%
Natlonal Ne￿orkS
The Trustees confim that we have complied with the duly in section 17151 of the Charities Act 2011 to have
due regard lo public benefit guidan￿ published by the Charity Commission.

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
Achievements and Impact
We have collaborated with Myanmar Trust UK (MTUK) since early 2023. MTUK'S support4n financial
aid, resource guidance, and partnership buildintrhas been instrumental in ourjoumey lo emerge as
an independent, resilient organization supporting local initiatives across Myanmar. Their grounded
approach to empowering local groups offers valuable lessons in eff8Ctively r8sponding to on-the-
ground realities.
An MTUK grantee organisation, April 2025 lorganisation name withheld for their securityl
After four years of unrelenting crisis, the altitudes, actions, and practices of civil society and the broader
Myanmar population have remained supportive of approaches towards rebuilding Myanmar based on
principles of cohesion, tolerance, and non-violence. These aspirations of a peaceful future persist in a highly
polarising environment, where, as of January 31st 2025, approximately 3.5 million people are displaced and
over 20 million people, one third of the population, are in need of assistsncel In other conlexls, these dire
circumstsnces often lead political movements lo fragment providing space for extremism, as divisive vol￿5
become louder. In Myanmar, with leadership from civil society, moderate voices for tolerance have managed
to remain front and centre of discourse towards an inclusive, democratic country.
The ability of local civil society organisalions to persist in such an extremely constrained context is in Itself an
achievement. In 2024, they have had to safely navigate an environment characlerised by extreme needs,
intense violence, and an increasing number of local stakeholders with competing agendas. Many of our
partners, consider the nature of our approach to be crucial lo their teams continuing their critical work.
"MTUKS funding has provided us with critical ffexibility, allowing us to effectively manage additional
expenses and cary out essential aGINvities not Govered by ongoing projects. We greatly appreciate thNs
flexible support from MTUK, which enables us to ￿spOnd effectively to specific needs, manage activrties
more efficienlly, and address communitypriorities amid the rapidly changing conflict srtualion."
An MTUK grantee oryanisalion, April 2025 lorganisalion name withheld for their securityl
This perception of MTUK'S ileralive approach as adaptive, and conlexl-appropriate is one that our partners
have frequently cited as fundamental to their ability lo operate. We allow organisalions lo allocate much of our
grants to core support, and support their resilience and growth with organisalional assistance. This support
has included organizalional development, community resilience engagement, gender-responses, I￿81
strategy development, and good governance support designed to enhance the impact of our partners, work.
Partners have allributed our flexibility as critical for navigating their own donor portfolios, avoiding delays, and
maintaining operations in a volatile environment. Providing civil society with reliable funds In this way builds
confidence and the experience lo expand effective botlom-up programming. On the flipside, MTUK also
provides funding access to the international donor community to some of the most needy and hard-lo-reach
populations and areas of Myanmar.
"The partnership support from MTUK - from connecting to emerging actors, including both
organizalions and donor agencies, to bridging the gaps over the years- hes expanded and strengthened
our nelworks, rFJaking actions more fruilful."
An MTUK grantee organisalion, April 2025 lorganisalion name withheld for their securityl
Collectively, this support is engaging a nexus of groups with likeminded goals. These civil society actors lake
great risks in pursuing a more plural, just, and dignified future for themselves and their fellow citizens. On the
ground. they have to balance security threats with accountability needs of funding. For our team, we pride
ourselves in recognising that transparent assistance must reflect the safety needs on the ground.
UNICEF. 12025. Fcbniary) ,1fy7nniur Httmaniiarian sill￿1{0￿ Repori lo.. ReportingHeri¢Ad." l Junttc7ry to 31 Deceniber2074. Unilcd Nations

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
Financially, safely sending funds lo beneficiaries is complex as the Myanmar military has control of the central
bank, actively monitoring, and preventing transfers through the formal banking system to non-governmental
organisalions and individuals perceived as opposing its hegemony. However, finding, testing and closely
watching new routes to send funds has enabled MTUK to further our work of bridging gaps in funding so
partner organisations may distribute knowledge, engage in collective action, and build community resilience
through human-righls based, and gender-mainslreamed approaches. Our grants to local actors have focused
on enabling a degree of stability for partners working in conflict-affected and hard lo reach areas through
flexible, accessible, and reliable funding with a focus on core operational support.
"We could document and analysg human rights violations, conduct situational analysis on the effect on
people of ongoing conflict, Gonlinue efforts towards democratic transaction in Myanmar, and advocate for
different stakeholder's accountability inGluding media Goverage forpeople, access to/rights to information
amid of the crisis in post-coup environment in Myanmar."
An MTUK grantee oryanisalion, April 2025 lorganisalion name withheld for their securityl
The end result of these impacts on our partners is that MTUK support plays a critical role supporting our civil
society partners engaging in activities enabling tangible changes for their consliluents. In this year, as we
jointly reviewed our outcomes, we have observed notable achievements across the breadth of our
pr￿raMmIng. Since much of these Changes are slruclural, we can anticipate that they will evolve into systemic
impacts across broader networks. Vvhilsl the immense risks our grantees are tsking on a daily basis prevent
us from publicizing their names or that of their Institutions, the below bullet points outline some of their stsndoul
achievements..
Response lo atrocities through the delivery of cash emergency response lo 3,600 victims of junta
atrocities in Sagaing, and Magwe regions
A nationwide media collaborative monitoring, and exposing misl dis information and hate speech.
Regional dialogue platforms towards nascent civic-polilical platforms promoting growing collaboration
among stskeholders at local, and regional levels in all six of our targeted regions
Emergence of a community of practice for justice practitioners working on justice systems and
accountability in areas outside of junta control
Ensured the safely and security of scores of human rights defenders in Thailand and Myanmar
Delivered lifesaving aid, critical knowledge and resources, access to justice and reintegration into
society for GBV survivors
Increased life skills of adolescent girls, and offered more stability in beneficiaries lives despite the
challenges of conflict, state oppression, displacement, and patriarchal systems
Promoted women and girls lo aclivale their own agency lo know and make decisions on their rights,
livelihoods, sexual and reproductive health, and life choices
The Trustees note the extraordinary commitment of the staff, consultants and our accountants to the important
lifesaving work they have made possible during 2024-2025.
Financial review
During the year $3,729,337 IFY24'. $2,357,923) of income was received and amount of $3,279,259 IFY24'.
$2,353,563) of expenditure incurred resulting in net income of $450,078 IFY24.' Y,3601. As of 31 January
2025, $1,216,250 was held as restricted funds, the unreslricled fund balance was $22,801.
MTUK received most of ils funding (Over 700/0) from three private philanthropy funders. The majority of the
remainder was from government funders. All funding received was delivered based on agreements with
donors to support the people of Myanmar. MTUK frequently aligned public-privale funds as a means of
delivering more significant funding lo grassroots institutions in Myanmar, while maintaining critical flexibility in
a constrained context.

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
MTUK maintains an operating reserve policy designed lo ensure the slabilty of the mission, programs,
employment, and ongoing operations of the charity. The Operating Reserve is intended lo provide an internal
source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses,
unanticipated loss in funding, or uninsured losses. The MTUK operating reserve aims to complement the
flexible private philanthropy funds that cover ils overheads. The trustees consider that developing a flexible
cash reserve is prudent for the medium to long term financial security of the charity. The target minimum
Operating Reserve Fund is equal lo one year of overhead costs - this is considered an amount sufficient for
the charity lo strategically react to any funding shortfall. According lo its average operating costs, the charity
aims to hold reserves al a level of $300,000 by the end of the 2028 Financial Year. The calculation of average
monthly operating costs includes all recurring, predictable expenses such as salaries and benefits, occupancy,
office, travel, program, and ongoing professional services. Depreciation, in-kind, and other non-cash expenses
are not Included in the calculation. Consideration will be given lo future strategy, potential redundancy
liabilities, and any other significant factors that should be taken into account were the Charity to close or move
to new premises.
MTUK currently has unrestricted and uncommitted reserves amounting lo $22,801. It is noted that the present
free reserves held are below the policy amount. The charity will build ils reserves through providing a fee-
paying service of fiscal sponsorship lo Myanmar civil society organisations unable to access safe banking
services, and the use of interest-bearing accounts lo transfer interest to unrestricted funds with the permission
of its donors.
In this year, MTUK have agreed lo change the functional and presentational currency of the charity to USD.
We made this change after receiving guidance from our auditors that the functional currency of US dollars
should always have been used. The change took effect from the 1 February 2024. We have also changed the
presentational currency to align with the functional currency. This reflects our belief that this will provide greater
transparency to our donors.
Fundraising and future plans
MTUK fundraises through direct engagement with institutions and individuals seeking lo support Myanmar
civil society. This occurs primarily through responding lo calls for proposals. Fundraising is carried out by the
Executive Director, the charity's consultants in Thailand, and the trustees. The charity is not bound lo any
voluntary regulatory schemes for fundraising. The charity has complied with the guidance on fundraising
reporting requirements. All funds received are either supported by a proposal agreed by the funding institution
or by an agreement for the use of funds. Where the charity has solicited funds from donors, it has followed
the procedures of inslilutional donors. For funds received from individuals, the charity managed the funds
based on recommendations of Iruslees. 100Q/o of funds received from individuals were transferred lo end
beneficiaries. There were no compliance issues with a scheme or fundraising standard. The charity has not
worked with any 'on behalf of fundraisers in the past 12 months. The charity has not re￿iVed any complaints
on our fund-raising practices In the past 12 months. Presently, as the charity fundraises from Institutional
donors, the charity does not provide training on fundraising to recognise and protect vulnerable people.
MTUK is maintaining relationships with existing sources of funding and reaching out to new donors. MTUK
will sign new agreements for further income of $600,000 from private philanthropy funders, and over $2m from
public funds in the 2026 Financial Year. MTUK will also receive significant Committed payments in future
financial years from private philanthropy funders IFY26". $1,350,000", FY27.' $950,000). MTUK consullanls
engage with new donors through existing relationships.
The banking system inside the country is tightly controlled by the military, and safely withdrawing money from
banks is extremely difficult. if not impossible. MTUK Trustees therefore decided lo use intermediaries where
necessary in order to get funding to trusted groups consistent with the Charity Commissions guidelines. In
view of the high risk of working in Myanmar, the Trustees review the Financial Management and Control and
Intermediaries Policies annually.

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
MTUK plans to continue grant making in the future working towards the following key objectives.,
Provision of support to those participating in non-violent movements for the benefit of socially and
economically marginalised communities from Myanmar.
2. Provision of support lo those working for justice and rights in favour of the people of Myanmar
3. Provision of support lo those promoting gender and minority rights towards self-reliance and resilience
of women-led organisations and researchers in Myanmar
4. Provision of support lo civil society organisalions in or from Myanmar, including the provision of grants
lo relieve food security, financial hardship and access lo health services for especially vulnerable
groups and persons diSpla￿d internally or externally In or from Myanmar.,
Provision of support to advance education (formal and non-formal and remote learning) for the
children and young people of Myanmar. Educational efforts will seek to promote peace through an
understanding of social and political rights among and between people of different ethnic, religious
and social backgrounds, with a focus on human rights and development.
The Iruslees identify that the future direction of MTUK is to provide support to the Myanmar people that are
intended to protect the space for civil society and community based organisations lo address the crises of the
February 1, 2021 political crisisl allempted coup that resulted in a marked increase In human rights abuses,
insecurity, povety rates and humanitarian disaster, in a context where there is little or no provision of
government services.
Investments
The Iruslees approved an investment policy following the end of this financial year. Under the investment
policy, the Charity seeks lo produce the best financial return within an acceptable level of risk. The investment
objective for the reserves is lo preserve the capital value with a minimum level of risk. Assets should be readily
available lo meet unanticipated cash flow requirements. In the financial year, charity investments, wholly in
short-lerm cash deposits generated Y3,120.
Key Risks & Uncertainties
The trustees foresee that a changing political climate affecb'ng the public, and private philanthropy sectors
present a degree of risk and uncertainty for the charity moving forward. Reductions in aid from the UK and US
are likely lo lead lo greater demand and pressures on existing funding. There is also the risk of further legal
restrictions and scrutiny on private foundations particularly in the US. Amidst this context, the charity will keep
dialogue with key foundation partners registered in the US lo ensure that they can continue to position
themselves to assist the people of Myanmar. Concurrently, the charity will maintain access to policy makers
to keep a breadth of funding decisions, and ensure that support for the people of Myanmar remains a shared
political endeavour. Furthermore, recognising the changing context, the charity will remain dynamic in seeking
out allernalive sources of funding from new private philanthropy, or corporate donors as appropriate.

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
Structure. governance and management
The charity is a company limited by guarantee which is governed by its Memorandum and Articles of
Associats'on dated 31 January 2018 and amended on 30 October 2018.
As MTUK has grown, the Iruslees invited new members with required skills and knowledge during 2023.
The Iruslees, who are also the directors for the purpose of company law, and who served during the year and
up to the dale of signature of the financial statements were..
Ms Z Herbert
Mr S King
Mrv Kumar
Mrs M Lee
Mr M Tent Bo
Ms E Tydeman
Trustees are appointed by majority vote of the board of trustees. New trustees have a briefing on their roles
and responsibilities from existing trustees and are encouraged lo attend the Charity Commission's training for
new Iruslees online.
None of the trustees has any beneficial interest in the company. All of the trLJStees are members of the
company and guarantee to contribute a sum not exceeding £10 in the event of a winding up.
The trustees have oversight of the charity's activities including approval of all banking transactions. Day to
day management is overseen by the Executive Director, Andrew Smith. The Executive Director reports to the
trustees on a six-monlhly basis and is required to manage MTUK in line with the F)olicies approved by the
trustees. The trustees are responsible for setting the pay ofthe Executive Director in line with the management
salary bracket in the Human Resour￿ Policy. The Iruslees have the authority lo provide the Executive Director
with an annual pay rise al their discretion. The trustees make their decision based on the performance of the
director in managing the charity's impact, and accountability. Reports lo the trustees, staff appraisals, and
external audits are used to inform decisions.

MYANMAR TRUST UK
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 JANUARY 2025
Statement of trustees. responsibilities
The Iruslees (who are also directors of Myanmar Trust UK for the purposes of company lawl are responsible
for preparing the Trustees, Report (incorporating the strategic report and directors, report) and the financial
ststements in accordance with applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102.. The Financial Reporting Standard applicabl& in thg UK and Republic of Ireland
(United Kingdom Ac￿pIed Accounting Praclicel.
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the stale of affairs of the charitable company and of the income and expenditure, of the
charitable company for that period. In preparing these financial stalemenls, the trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject lo any material
departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that
the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting ￿e0rdS that disclose with reasonable accuracy
al any time the financial position of the eharilable company and enable them to ensure that the financial
ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the Iruslees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware", and
the trustees have taken all steps that they ought to make themselves aware of that information and to
estsblish that the charitable company's auditor is aware of that information.
Audltor
Burton Sweet Limited were appointed as auditor lo the company and a resolution proposing that they be re-
appointed will be put at a General Meeting.
Approved and signed on behalf of the trustees by..
Elizabeth Tydeman
Trustee
Date..
19 Septembei 2025

## **MYANMAR TRUST UK** 

## **REFERENCE & ADMINISTRATIVE INFORMATION** 

## **YEAR ENDED 31 JANUARY 2025** 

## **Trustees** 

Ms Z Herbert Mr S King Mr V Kumar Mrs M Lee Mr M Tent Bo Ms E Tydeman 

## **Secretary** 

Mr A Smith 

## **Key Management Personnel** 

Andrew Smith, Executive Director 

## **Registered Company Number** 

11180399 

## **Registered Charity Number (England and Wales)** 

1180966 

## **Registered Office** 

The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR 

## **Auditor** 

Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR 

## **Bankers** 

NatWest Bank 135 Bishopsgate, London EC2M 3UR 

9 



MYANMAR TRUST UK
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MYANMAR TRUST UK
YEAR ENDED 31 JANUARY 2025
Independent auditor's report to the members of Myanmar Trust UK
Opinion
We have audited the financial statements of Myanmar Trust UK (the "Charity") for the year ended 31
January 2025 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Cash Flow
Statement and notes lo the financial slalements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practi￿1.
In our opinion, the financial stslemenls..
give a true and fair view of the slate of the Charity's affairs as al 31 January 2025 and of ils income
and expenditure for the year then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted out audit in accordance with international Standards in Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the directors, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaInlIeS relating to events
or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as
a going concern for a period of at least ￿e1ve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in
the relevant sections of this reporL
Other infomiation
The Iruslees are responsible for the other information. The other information comprises the information
included in the annual report other than the financial statements and OLJr auditor's report Ihereon. Our
opinion on the financial statements does not cover the other information and, except lo the extent otherwise
explicitly staled in our report, we do not express any form of assumnce conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsislenl with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misslalements, we are required lo determine
whether there is a material misstatement in the fi'nancial stslemenls or a material misstatement of the other
information. If based, on the work we have performed, we conclude that there is a material misslalement of
this other information, we are required to report the fact.
io

MYANMAR TRUST UK
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MYANMAR TRUST UK
YEAR ENDED 31 JANUARY 2025
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report lincorporaling the directors, report) for the financial year
for which the fi'nancial stslemenls are prepared is consistent with the financial statements., and
the directors, report has been prepared in accordance with applicable law requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us lo report to you if, in our opinion".
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us",
the financial statements are not in agreement with the accounting records and retums.,
certain disclosures of trustees, remuneration specified by law are not made., or
we have not obtained all the information and explanations necessary for the purposes of our audit.,
or
the trustees were not enlilled to prepare the financial statements in accordance with the small
companies, regime and lake advantage of the small companies, exemptions in preparing the
directors, report and from the requirement lo prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Iruslees, responsibilities statement, the Iruslees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for
such internal control as they determine is necessary lo enable the preparation of financial slalemenls that
are free from material misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the Iruslees are responsible for assessing the Charity's ability to
continue as a going GOn￿rn, disclosing, as applicable, mallers related lo going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the Charity or lo cease operations,
or have no realistic alternative bul to do so.
Auditor's responsibilities for the audit of the financial ststements
Our objectives are lo obtsin reasonable assurance about whether the financial statements as a whole 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 IUKI will always detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.

MYANMAR TRUST UK
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MYANMAR TRUST UK
YEAR ENDED 31 JANUARY 2025
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows..
we identified the laws and regulations applicable to the charity through discussions with those
charged with governance and other management, and from our knowledge and experience of the
sector",
we focused on specific laws and regulations which we considered may have a direct material effect
on the fi'nancial ststemenls of the operations of the company, including the Companies Act 2006,
taxation legislation and data protection, anti-bribery, employment, pensions, environmentsl and
health and safety legislation", and
we assessed the extent of compliance with the laws and regulations identified above through
making enquiries of management, inspecting legal correspondence and remaining alert during the
audit for any indications of non-compliance.
Our audit procedures in relation to fraud included bul were not limited lo..
making enquiries of those charged with governance and other management as lo where they
considered there was susceptibility lo fraud, their knowledge of actual, suspected and alleged fraud.,
discussing amongst the engagement team the risks of fraud.,
gaining an understanding of the internal controls in place to mitigate risks of fraud and non-
compliance with laws and regulations.,
lesling journal entries lo identify unusual transactions.,
assessing whether judgements and assumptions made in determining the accounting estimates set
out in the accounting policies were indicative of potential bias,. and
investigating the rationale behind significant or unusual transactions.
There are inherent limitations in our audit prO￿dureS described above. The more removed that laws and
regulations are from financial Iransaclions, the less likely it Is that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws
and regulations lo enquiry of the directors and other management and the inspection of regulatory and legal
correspondence, if any. Material misstatements that arise due lo fraud can be harder to delect than those
that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is I￿ated on the Financial
Reporting Council's website al www.frc.or
.uklaudilorslaudil-assurance-elhicslaudilors-res
onsibililies-for-
the-audil . This description forms part of our auditor's report.
Use of our report
This report is made solely lo the Charity'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 stale lo the Charity's
members those mallers we are required lo slate in them in an auditor's report and for no other purpose. To
the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the
Charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
ogkkn tLiYttthL
Joshua Kingston ACA Isenior Statutory Audilorl
For and on behalf of Burton Sweet Limited
Slatulory Auditor
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 1 UR
Dale..
19 September 2025
12

MYANMAR TRUST UK
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 JANUARY 2025
Unrestricted Restricted Total Funds
Funds
Funds
2025
Total Funds
2024
Note
Income from:
Donations and grants
Charitable activities
Investment income
3,504,405
3,504,405
181,812
43,120
2,221,302
119,040
17,581
181,812
27,412
15,708
Total income
209,224
3,520,113
3,729,337
2,357,923
Expenditure on:
Raising funds
Charitable activities
17,763
3,050,355
17,763
3,261,496
23,718
2,329,845
211,141
Total expenditure
211,141
3,068,118
3,279,259
2,353,563
Net incomellexpenditurel
{1,9171
451,995
450,078
4,360
Transfers between funds
16
17
1171
Other galns and losses
20
22,630
Net movement in funds
(1,9001
451,978
450,078
26,990
Total funds at start of year
16
24,701
764,272
788,973
761,983
Total funds at end ofyear
16
22.801
1,218,250
1.239,051
788,973
The Charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The eomparalive figures have been translated lo US Dollars having previously been presented in British
Pounds see note 20.
The notes on pages 16 to 29 form part of these financial statements
See note 11 for fund-accounting comparative figures
13

MYANMAR TRUST UK
BALANCE SHEET
AS AT 31 JANUARY 2025
Company number: 11180399
2025
2024
Note
Current assets
Debtors
Investments - cash on deposit
Cash al bank and in hand
12
498,426
1,478,973
11,734
157,917
586,613
436,536
1,989,133
1,181,066
Liabilities
Creditors '. amounts falling
due within one year
Net current assets
13
1750,0821
1,239,051
1392,0931
788,973
Total assets less current liabilities
1,239,051
788,973
Net assets
1,239,051
788,973
FUNDS
Unrestricted funds
General funds
Restricted funds
16
16
22.801
1,216,250
24.701
764,272
Total funds
1,239,051
788,973
These financial statements were approved by the Trustees on
behalf by.
19 September 202S
and are signed on their
Elizabeth Tydeman
Trustee
The notes on pages 16 to 29 form part of these flnanclal statements
14

MYANMAR TRUST UK
CASH FLOW STATEMENT
YEAR ENDED 31 JANUARY 2025
2025
2024
Note
Net cash inflow from operating activities
14
424,438
203,852
Non￿peratIonal cash flows:
Investing activities
Investment income
43,120
17,581
43,120
17,581
Financing activities
Bank overdraft facility
123,4461
123,4461
Net cash inflowllouffiowl for the year
444,112
221,433
Cashflow Restrictions
Charity law prohibits the use of nel cash inflows on any endowed or other restricted fund lo offset nel cash
outflows on any fund outside ils own objects, ex￿p1 on special aLJlhority. In practice, this restriction has not
had any effect on cash flows for the year.
The notes on pages 16 to 29 form part of these financial statements
15

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1 Accountlng pollcles
Accounting convention
The financial statements have been prepared in accordance with the historical cost convention (except for
investments which have been included al fair valLJel and in accordance with the Statement of
Recommended Practice". Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in
October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021 and the Companies Act 2006 and UK Generally Accepted Practice as il applies from 1
January 2019.
The charity is a public benefit enlily as defined under FRS102. The charity has secured sufficient funding
for the next three years, and could reduce expenditure if income was reduced. Al the lime of approving the
financial statements, the trustees have a reasonable expectation that the charity has adequate resources
lo continue in operational existence for the foreseeable future. Thus the Trustees continue to consider that
there are no material uncertainties affecting the ability of the charity to continue as a going concern.
The financial statements are presented in US dollars, which is the functional currency of the charity. See
note 20.
Income
Income from donations is included in income when these are receivable, except as follows".
l. When donors specify that donations given lo the charity musl be used in future accounting periods, the
income is deferred until those periods.,
11. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use
such income, the income is deferred until the pre-conditions have been mel.
Income from the supply of services is recognised with the delivery of the contracted service based on the
lime spent providing a service as a proportion of the total lime required to fulfil the contract, or other such
method to determine the completion stage of a service.
Expenditure
Expenditure is recognised in the period in which it is incurred. Expenditure includes atlribulable VAT which
cannot be recovered.
Raising funds
Raising funds expenditure include those costs incurred in seeking voluntary contributions and other similar.
16

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1 Accounting policies (continued)
Charitable Activities
Grants awarded are allocated lo charitable activities.
Grants payable are payments made lo third parties in the furtherance of the charity's objectives. Grants
awarded are treated as expenditure and a liability in the accounts as soon as they become legal or
conslrucb've obligations. In the case of multi-year grant awards, the funding for all years is immediately
recognised unless there are conditions which need to be met by the recipient to enable the release of
subsequent years, funding.
Provisions of grants are made when the intention lo make the grant has been communicated to the
recipient but there is uncertainty as to the liming of the grant or the amount of grant payable.
Governanee costs
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fees and costs linked to the strategic management of the
charity. Govemance costs are included within support costs.
Allocation and appo￿onment costs
Certain expenditure is d1￿C￿Y attributable lo specific activities and this has been included in those cost
categories. Other costs, which are attributable lo more than one category, are apportioned across cost
categories on the basis of an assessment of workload carried out from time to lime.
Overhead support costs have been allocated be￿een fundraising costs and charitable activities. The
apportionment has been allocated on the basis of usage and is analysed in note 7.
Pension costs and other post-retirement benefits
The charity contributes lo defined contribution pension schemes. Contributions payable lo the charity's
pension schemes are charged lo the Statement of Financial Activities in the period lo which they relate.
Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. These financial instruments are initially recognised al transaction value and subsequenuy
measured at their settlement value.
Crltlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The Trustees do not believe there to be any judgments or estimates that would be
considered critical to the financial statements.
17

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1 Accounting policies Icontinuedl
Debtors
Trade and other debtors are recognised al the setuement amount due after any trade discount offered.
Prepayments are valued al the amount prepaid after taking account of any discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Investments
The investments in the accounts are recognised as investments due lo the intention of the trustees to hold
these funds to generate Income for the coming year.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that wll probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measLJred or estimated reliably. Creditors and provisions are normally recognised at their
setuement amount after allowing for any discounts due.
Funds held as agent
Funds held as agent are funds that are received but are not in the control of the charity. Instead the use of
the funds is dictated by a third party, in-line with the objects of Myanmar Trust UK. These funds are not
recognised as Income lo the charity and are accounted for as custodian funds and described in the notes
lo the accounts.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes
by the Trustees. They are not restricted and can be transferred lo general funds at any lime at the
discretion of the Trustees.
Further explanation of the nature and purpose of each fund is included in note of the financial statements.
18

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
2 Income from donations and grants
Unrestricted Restricted Total Funds
Funds
Funds
2025
Donations and gifts
Grants received
3,284
3,501,121
3,284
3,501,121
3,504,405
3,504,405
Unrestricted Restricted Total Funds
Funds
Funds
2024
Donations and gifts
Grants received
62
62
2,221,240
2,221,240
62
2.221,240
2.221,302
3 Income from charltable actlvltles
Unrestrlcted Restrlcted Total Funds Total Funds
Funds
Funds
2025
2024
Contract income
181,812
181,812
181,812
181,812
119,040
119,040
Contract income in the prior year was unrestricted.
4 Expenditure on raising funds
Support
Costs
(Note 71
Direct
Costs
Total Funds
2025
Marketing and fundraising
12,057
5,706
17,763
12,057
5,706
17,763
Support
Costs
{Note 71
Direct
Costs
Total Funds
2024
Marketing and fundraising
18,493
5,225
23,718
18,493
5,225
23,718
19

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
5 Expenditure on ¢haritsble activities
Grant funding Support
of activities
Costs
(Note 6)
(Note 71
Direct
Costs
Total Funds
2025
Access to Information
Human Rights
Inclusive Civil Society
39,651
103,729
85,706
1,189,080
834,563
868,540
55,289
42,102
42,836
1,284,020
980,394
997,082
229,086
2,892,183
140,227
3,261,496
Grant funding Support
of activitie5
Costs
Note 61
(Note 71
Direct
Costs
Total Funds
2024
Access to Information
Human Rights
Inclusive Civil Society
91,296
135,283
124,789
347,556
426,155
1,054,469
30.262
38.716
81.319
469,114
600,154
1.260,577
351,368
1,828,180
150,297
2,329,845
6 Analysis of grants
2025
2024
The total grants awarded lo institutions during the year was as follows..
Access lo information
Human Rights
Inclusive Civil Society
Grants lo individuals
855,980
808,822
868,540
358,841
347,556
426,155
1,054,469
Total grants commitments made in the year
2,892,183
1,828,180
Myanmar Trust UK has elected to take advantage of the exemption from naming recipient institutions
under the provisions of the SORP for security reasons. The grants to institutions were made to go12024".
891 organisations.
Reeoneiliation of grants payable
2025
2024
Commitments brought forward
Net commitments made in the year
Payments during the year
356,499
123,948
2,892,183
1,828,180
12,567, 1221 11,595,629)
Commitments carried fO￿ard within one year
(Note 131
681,560
356,499
20

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
7 Support costs
Support costs are allocated betseen raising funds and charitable activities on the basis of usage.
Support costs, included in note 4 & 5, are as follows..
Fundraising
and
publicity
Charitsble
Activities
Totsl
2025
Bank charges
Travel and subsistence
Information technology
staff costs
Insurance
IGainllloss on foreign exchange
Office costs
Legal and professional fees
Governance costs
4,569
21,502
9,996
51,352
3,008
7,137
2,005
18,383
22,275
4,569
21,502
9,996
57,058
3,008
7,137
2,005
18,383
22,275
5,706
5,706
140,227
145,933
Fundraising
and
publicity
Charitable
Activities
Total
2024
Bank charges
Travel and subsistence
Information technology
Stsff costs
(Gainllloss on foreign exchange
Office costs
Legal and professional fees
Governance costs
4,278
10.906
4,888
48.291
44,087
1,520
17,447
18,880
4,278
10.906
4,888
53.516
44,087
1,520
17,447
18,880
5,225
5,225
150,297
155,522
21

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
8 Net incomellexpenditure) for the year
This is staled after charging".
2025
2024
Auditor's remuneration
for audit setvices
for other services
Trustees, travel and meeting expenses
18,121
4,154
539
15,742
3,138
350
4 Trustees have been reimbursed for their out of pocket travel expenses 12024.. 21. No Trustee received
any remuneration dLJring the year.
9 Stsff costs and numbers
The aggregate payroll costs were..
2025
2024
Wages & salaries
Pension contributions
other benefits
55,502
1,425
131
50,956
1,296
57,058
52,252
No employee received emoluments of more than £60,000.
The average weekly number of employees during the year was 1 12024.. 11, calculated on the basis of
average headcount. The total employment benefits received by key management personnel including
employer national insurance and employer pension were $57,05812024.' $52,252).
22

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
10 Taxation
The charity is exempl from corporation tax on its charitsble activities.
11 ststement of Financial Activities comparative figures
Unrestrictgd Restricted
Funds
Funds
Total Funds
2024
Forthe year gndod 31 January 2024
Income from:
Donations and grants
Charitable activities
Investment income
62
119,040
14,270
2,221,240
2,221,302
119,040
17,581
3,311
Totsl income
133,372
2,224,551
2,357,923
Expendlture on:
Raising funds
Charitable activities
23,718
2,220,718
23,718
2,329,845
109,127
Total expenditure
109,127
2,244,436
2,353,563
Net incomellexpenditure)
24,245
119,8851
4,360
Transfers between funds
Other gains and losses
456
22,174
22,630
Net movement in funds
24,701
2,289
26,990
Total funds at start of year
761,983
761,983
Totsl funds at end of year
24.701
764,272
788,973
12 Debtors
2025
2024
Due In less than one year:
Trade debtors
Prepayments and accrued income
Other debtors
54,000
442,516
1,910
128,492
30,156
1,269
498,426
157,917
23

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
13 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Grants payable
Accruals and deferred income
Taxation and social security
other creditors
Bank overdraft
15.863
681,560
24,424
1,129
3,660
23,446
10.376
356,499
20,781
1,078
3,359
(Note 61
750,082
392,093
14 Reconciliation of net movement in fund8 to net cash inflow from operating activities
2025
2024
Statement of Financial Activities.. Nel movement in funds
Other gainsl Ilossesl
Investment income
Increase in creditors". current liabilities
Decrease I lincreasel in debtors
450,078
4,360
22,630
117,5811
221,628
127, 1851
143,1201
357,989
1340,5091
Net cash loufflow)linflow from operating activities
424,438
203,852
15 Analysis of changes in cash during the year
2025
2024
Change
Cash at bank and in hand
Overdraft facility repayable on demand
Current asset investments
11,734
123,4461
1,478,973
436,536
1424,8021
123,4461
892,360
586,613
1,467,261
1,023,149
444,112
2024
2023
Change
Cash at bank and in hand
Current asset investments
438,536
588,613
801,716
1365,1801
586,613
1,023,149
801,716
221,433
24

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
16 Movement in funds
Forthe year ended 31 January 2025
At1Feb
2024
Income & Expenditure &
gains
losses
At 31 Jan
2025
Tran9fers
Restrlcted funds
Collaboration between
Myanmar Trust UK and local
granl-makers
Human Rights and
Accountability
Response lo Security Needs of
HRDS and Political Activists
Bolstering Burma Scholars
and Human Rights Defenders
at Risk
Advancing rights of young
women, gids and diverse
communities
International Accountability
Project
Strengthening the Menstrual
Justice Movement
Natural Resource Research
strengthening Resilience of
Displaced, Vulnerable and
Marginalised Communities
Research and Technical
Support Regarding Community
Resilien
Emergency Response to
Communities
Support to the women of
Burma
448,429
894,146
1537,7581
804,817
121,4381
1,526,014
11,595,776)
131
191,2031
828
18301
21,381
114,3121
7,069
337,676
600,000
1477,3491
460,327
1,468
1511
1,417
1,010
15
{1,0101
1151
120,5681
131,668
199,1741
11,926
{4,5291
5,000
14701
360,000
1338,1031
21,897
3,285
13,2851
764,272
3,520,113
13,068,118)
17
1,218,250
Unrestricted funds
General funds
24,701
209,224
1211,1411
22,801
24,701
209,224
1211 1411
22,801
Total funds
788,973
3,729,337
13,279,259)
1,239,051
25

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
16 Movement in funds (Continued)
Restricted funds
Collaborslion between Myanmar Trust UK 8nd local grant-makers
To support women, girls, and diverse communities in the Myanmar democracy movement inside and
outside the country. To keep women, girls, and diverse Communities safe from slate-san¢lioned violence
and d(￿Ument human rights abuses against these groups so there can be no impunity for the perpetrators.
To promote grassroots level gender-based violence response, recovery, and prevention activities. To
improve and expand grassroots programming on women, girls, and diverse communities, rights, women's
leadership, SRHR, and aC￿sS to justice.
Human Rights andAccounlability
To strengthen and support righls-based CSOS engaged in securing human rights for all, and accountable
authorities through the provision of responsive grants, training and technical assistance, and ne￿OrkIng
support.
R8sponse to Security Needs of HRDS and Political Activists
To provide grants to local community-based organisalions in Myanmar and Thailand for the protects'on of
human rights defenders.
Bolstering Burma Scholars and Human Rights Defsnders at Risk
To empower, connect and protect a new generation of Myanmar scholars, thought leaders and human
rights defenders at risk
Advancing rights ofyoung women, girls and diverse communities
To advance the rights of young women, girls and diverse communities in Myanmar.
International Accountability Project
To work with civil society in Myanmar to fight for justice by holding the Myanmar security forces legally
accountable for human rights abuses.
strengthening the Msnstrual Justic8 Movement
To raise awareness of gender-based violence. 121 To challenge menstrual taboos131 To eontextualize
feminist literature.141 To amplify women's and girls, voices through podcasts and writs'ng.
Natural Resource Research
To advan￿ research on the Rare Earth IRE) industry in Myanmar.
Strengthening Resilience of DisplaGed, Vulnerable and Marginalised Communities
strengthened displaced, vulnerable, and marginalised communities, resilience through direct support and
engagement with the displaced, vulnerable, and marginalised communities, ecosystem along the Thai-
Burma border.
Rese8rch 8nd Technic81 Support Regarding Con7munity Resilience
To provide grants to local commLJnity-based organisalions in Myanmar and Thailand lo build community
resilience, cohesion and an inclusive, democratic Myanmar.
Emergency Respons8 lo Communities
To deliver cash assistance to victims of atrocities in Myanmar.
Support to the women ofBurma
To advance the women's rights movement in Burma.
26

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
16 Movement in funds (Continued)
Forthe year ended 31 January 2024
At1Feb
2023
Income
and gains
Expenditure
and losses
At 31 Jan
2024
Tran9fers
Restrlcted funds
Collaboration between
Myanmar Trust UK and local
granl-makers
Human Rights and
Accountability
Response lo Security Needs of
HRDS and Political Activists
Bolstering Burma Scholars
and Human Rights Defenders
Advancing rights of young
women, gids and diverse
communities
International Accountability
Project
strengthening the Menstrual
Justice Movement
Natural Resource Research
Strengthening Resilience of
Displaced, Vulnerable and
Marginalised Communities
Research and Technical
Support Regarding Community
Resilience
381,371
484,079
1417,0211
448,429
138,0751
703,618
1686,9811
121,4381
8,090
113,589
1120,8511
828
82,093
1,262
161,9741
21,381
284,824
609,880
1557,0281
337,676
47,870
533
146,9351
1,468
18431
(3,3471
34,891
3,485
133,0381
11231
1,010
15
147,293
1167,8611
120,5681
148,095
1152,6241
14,5291
761,983
2,246,725
12,244,436)
764,272
Unrestricted funds
General funds
133,828
1109,1271
24,701
133,828
1109,1271
24,701
Total funds
761,983
2,380,553
12,353,563)
788,973
17 Related party transactions
There are no transactions with trustees or other related parties other than those disclosed as required by
the SORP elsewhere in the financial stalemenls.
27

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
18 Post balance sheet event
Afterthe year-end, Myanmar Trust UK secured a new grant of CAD 2,274,800 for supporting women's
networks in responding to multiple crises- conflict, humanitarian crisis, GBV, attacks on minority groups-
while also building the future they want for their country. This grant will be paid lo the charity over the next
o years.
19 Funds held as agent
During the year the charity held funds on behalf of other organisalions as follows".
Myanmar Trust UK received funds of $95,410 from Warwick Universily12024." $70,401), payments of
$95,41012024.' $70,401) were made on their behalf, leaving $Nil', balance al the year-end12024'. $nill.
Myanmar Trust UK received funds of $731,12312024.' $19,972) from four other organisalions, payments of
$492,74612024.' S19,9721 were made on their behalf, leaving S238,37712024.'$nill balance at the year-
end. Myanmar Trust UK has elected lo take advantage of the exemption from naming the grant making
institution under the provisions of the SORP for security reasons.
The nature of the agent arrangements are to assist the organisations to provide funds to projects within the
scope of Myanmar Trust UK'S charitable purposes overseas.
28

MYANMAR TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
20 Functional currency
In line with section 30 of FRS102, the entity's functional currency is the currency of the primary economic
environment in which the entity operates.
The majority of Myanmar Trust's operating activities are undertaken In US dollars and hence this is also
defined to be the charity's functional currency.
Up lo the period ended 31 January 2024 the charity had assumed that the British Pound was its functional
currency and hence all of the charity's historical transactions had been accounted for in Brib'sh Pounds.
British Pounds was also the presentational currency adopted for prior year financial statements purposes.
The charity has determined that the functional currency of US dollars should always have been used in the
charity's accounts.
As a result, the prior year balance sheet balances have been retranslated al the spot rate of 0.788209 and
the prior year income and expenditure has been restated at the average rate. The opening balances on 1
February 2023 have been restated at the spot rale as at 1 February 2023.
2024
As stated
Exchange
rate
2024
Restated
Debtors
Investments
Cash at bank and in hand
Creditors
124,471
462,374
344,082
1309,0521
0.788209
0.788209
0.788209
0.788209
157,917
586,613
436,536
1392,0931
Net assets
FUNDS
Unrestricted
Restricted
19,469
602,406
0.788209
0.788209
24,701
784.272
29