CHARITY (OMMISSION Trustees, Annual Report foi the period Ftom tsiart date> to {end datel Section A Refeience and administ(alion details (Ikirity name MOLYVOS UMITED Oiher nat1￿ the thaiily is known by Registhd thaiily number fil any) UFJUll tharity's princ1￿1 addiess ST GEORGES HOUSE, 6Th FLOOR, 15 HANOVER SQUARE. LONt)ON Nar￿ ol the tha1￿*Y irusiees who rnanage the (harity In￿lee Naffle Oflltt Ofany) D*5 arted rf for Name of (or body) entilled to appoini tsustee (if any> MEMBERrfRUSTEES 1 | PANAGIOTIS TRYFON 2 ' EVLAMPIA DASKALI 3 , SOPHIA LOUISE CICCONE WHOLE YEAR WHOLE YEAR TRUSTEES VIHOLE YEAR MEMBERJfRUSTEES 10 12 13 14 15 16 17 18 19 Names ol Ihe trustees lor the tharity, if any {foF Èxample, any cu51odi3n Irustees) Ilates art￿11 not f•)r vthole NIA Section A Referen(e and administralion delails (conlinued) Names and addie55es ol advi5ets Type ￿ •d¥tser tional inlortnalion Naffle Addre55 NIA Name ol chiel eX￿￿tIVe or nanes of senioi staff mefflbers {opl¢￿al inloitnatio NIA Section B structure, governance and management DeKiiption ol the charity's tiusts Type of goveinlng document (eg twst deed, lonstit￿lOn ARTICLES OF ASSOCIATION How the (harity is {(￿S111￿1ed (eg trusL asso(ialion. cofflpanyl PRIVATE COMPANY LIMITED BY GUARANTEE Tff￿tee selection methods (eg appointed by, ele(ted by) MEMBERS ANDIOR TRUSTEES Additional goveFfian￿ tssues {oplional inlormalion You may dwjse to itKlude additional Inlorfflatio￿ ¥knere ielevanl. about.. ' policies and prO(ed￿eS adopted for the indu￿10￿ al￿ training ol tiusiÈes,' . the tharitvs or￿lSatiOnal stiucture Wid￿ nelwoik wlth which the d￿rity with.. . reiatbonship with any ielated partie . tnj51ee￿ (￿￿derab0￿ of maloi rlsks aThJ the systeffl and pi{￿eduleS to Mar￿ge them. A) POLICIES AND PROCEDURES FOR THE INTRODUCTION AND TRAINING OF TRUSTEES: All trustees receive a copy of the Artide of the Charity, conflict of interest policy, and policy for awarding of grants arKI apptying chaiivs funds, upon their admission. In addition, there is an induction sessions of new trustees during ffirst meetww. {B) ORGANISATIONAL STRUCTURE AND VfflDER NETWORK" The tharity has no wide networt and its operations are managed and controlled intemally by Ttustees. TtrEre is delegation of administralive routine work to an administrative service provider in the UK. (C) RELATIONSHIP WITH RELATED PARTIES: nla D) MAJOR RISKS AND SYSTEMS AND PROCEDURES TO GE THE (i) Sudden unexpected change i) management. The Charity ensures that there is appropriate spread of duties among trustses wth relevant bad( up {ii) Operational failure of seNice provider. The Charity requests written assurance that the servi provider has appropriate contyiuty plans in place. TAR Marth 2012 Section C Objectives and activities Summary of the objwts oflhe charity sel out in its ￿{￿1￿9 document (A) Relief of sickness and preservation of health among people in Greece, Cypws and UK. (B) Promote edu¢ts"on among people in Greece, Cypnjs and U (C) Advance the education of public in general on the subject of phardnKeutical science and healthrAre. Summaiy ol the main a(tivities unde(t&En for the publlc betbefit in relation lo these objecls (Include wlthin this sectio the statutory decluation that trustees have had iegard to the guidance issued by the (hailty Commissim M public beTrefii} The trustees have recognised that there was a limiied amount to be distributed during the year and fO￿Sed their activities on object {A) at4)ve. Additional detalls ol obje(tfives and activities lopliona inlorrnatlon} You may d￿ty$e to include luither 51atefflents where relevanL abotst.. . poli(y on gtanirnaking,. . pollcy piogramme iel&ed inveslmrt. . [r￿t￿t￿jt￿ made by volLffiteet& NIA Section O Achievements and performance Swnmaiy ol thè matft ath*vements ol the thaiily during the yeat CONTINUATION OF CHARITIES OPERATIONS. SUPPORTING FAMILIES AND PROVIDING ASSISTANCE TO THOSE IN NEED. TAk aith 2012 Section E Financial ieview Biief statement of the (haiity's policy on rese￿eS RESERVES ARE R￿AINED IN CASH FOR F￿uRE CHARITABLE ACTMTIES Oetails of any f￿dS rnaterlally In deficit NIA FLther financial review details (optional information) You may ￿￿OSe to includE ad¢Jitional infotmation. wheie ￿le¥aftt. about.. {A) Principal sources of funds. Donations from members and their associates . the thaiity's tKincipal sour￿$ ol lunds Intluding any fundiaising)- . how ex￿dIt￿le has 9JPPOrted the key obieclives of the tharity- . knvestment pohcy and objectives induding any ethkal Investw￿Trt polky athwted. gB} How expendilure has surported th8 key obiecbves of the Expenditure related mainly to wofessional fees for ensuring stalutory and in good standing. (C> Investment Policy.. Minimal surpluses are retainal in cash with a uedible bank in the UK Section F Other optional information NIA Seclion G Declaration The trustees declare that they have 114,835) Other interest r￿e1¥ab￿ and simiL3r income 371 18 I16.￿5> (14,817) Tax on h)ss Loss forthe flnanci01 Far 116.0051 {14.817) AJI the %tMtles of th8 comparry are from ￿)ntIn￿ng Lylat￿r￿. MOLYVOS UMITED Company Limiled by Guarantee Slalemenl of Financial Position 31 December 2023 Debtors Cash at bank In hand 1.W7 53.494 1.907 42.152 55.401 44,059 Credltors: •nxbuiits falllng due wlthln 7.500 51,801 51,801 T4Jlal agsets less ¢urr•rt IlablMies 36,559 36,559 51,801 bscrtiers aceount Profit and k)ss account 154.576 {102,7751 51.801 123.329 (86,770) These financi￿ statemenls have b8on Fwared in accordance wilh the provis*)ns ￿￿￿119 to Compan￿ Subl￿t to lh& small companies. reoime and in accordance wih Se¢lM 1A of FRS 1 W2 he Finaroal RewtirKJ StarKlard ap1￿kable in the UK and Republic of Irelarnl,. For th& year ending 31 t)ecemb8r 2023 the Lxmnpany was entitbJ to exemption tr(yn au(rrt uThJgr section 477 of the Companies Act 2(J)6 re1￿ing to small compani8& DIr￿lo[s. rw4yThlililies: The M￿berS have rnt re(wired the {￿mpanY to obtain an atKlil of its financial statements for year in (wstron in acc￿da￿e with sed11￿ 476. The directors acknowledge their resFX)nsitxlilies for coffi￿.ng wth the requirements of the Acl with resp&t to account￿￿j records and the weparath)n of financhal slatemerts. The statement of linancial position continues on the following page. MOLYVOS LIMrrED Company Llmited by Guarantee Statement of Financial Position (CL¥ 31 December 2023 These financial statements were aFproved by the board of (Irectors arml authorised for rjsue on 17 il 2024, arKI are s￿ned on behall of the t#)ard by.. Evlamiia Oaska DIr￿)r Panagiotis Trylon Director S(WMa.Louise Ciccone Director Compary regislralion rKmber: 10¥25802 MOLYVOS LIMITED Company Limited by Guarantee Stalemenl ol Financial Posilion feoniint*d) 31 December 2023 These tinancial statements were 84proved by the ￿ard of diwors and 8uthtsris￿ for i%sue on 17 April 2024. and arb SI￿8d on L*hall of the board by: Evlampia Daskdi Director Panagiotis Tryfon Director Sophla-Loulse Dirèctor Cornpany registrati￿ nurnbor: 10925802 Thg notss on page$ 6 to 8 fomi part ofth8#0 linw￿l81 8l•ten*m& MOLYVOS LIMITED Company Limited by Guarantee Slatement ot Changes in Equity Year ended 31 December 2023 Subscribers Profft aThY At 1 Janu•y 2022 103.181 171.953) 31228 Loss for Ihe year Other comprel￿nSfve ino)me for the year: Dona￿n$ Charitable contrbutions {14,817) {14.81 n {26.500) 20.148 126.500) 5,331 Ti)tsl comwehensive inc 15.242 Totrl ¢(Mnwehensive Income lor the year {16.0051 Al 31 De¢émber 21Y23 154.576 {102,7751 51.801 MOLYVOS UMrrED Company Limited by Guaranlee Notes to the Financial Statements Year ended 31 December 2023 General Infcmiallon company is a rrfivale company limit&J by guarantee. registered in EThJlaThJ Wales. The a¢*Jress of Ihe Tegtstered office Is St Georges House. 6th Floor. 15 Harrf)ver Sware, Lon(k)n. W1S 1 HS, UThlgJ KiNJkn. Thes9 finanL?￿ statsments have been prepared in compliar￿& wilh SaclK)n 1A of FRS 102. The FInanCb￿ Rep(*try Starnlard aPFAkatle in the UK and ReWbI￿ ot Irela￿1.. A¢eounllng policip¥ Bas18 of prepratlon finawal statements are wepared in euro. wtrmch ig the lunGtional currency of the ￿tity. The entty sali5fies the criteria d bery a qualfying entity as defin￿ in FRS 102. As $l￿h, advantage has ￿en taken of ts folknYYu disdosure exemptknrts availab￿ under paragraph 1.12 of FRS 102: {al No ¢ash flow statem￿tt has been wesenled for th& company. The weparatm ot the finandal staiements requres management to make juthJements. estimales aSsUmpt￿nS that affect the amounts ￿￿)rted. These eslimates and judgements are Lx)ntinually reviewe(l aThJ are based on exFerience a￿1 other factors. irKludiw exp8ctat*)ns ol future events Ihat are believed to be reasonable under the cirGumstancos. F￿eIgn cxjrrency transactb)ns are initsalty recorded n the fU￿￿onal currency. by Ihe spol excharvje rate as at the dale of the transaC￿n. Monetary assets and f￿H￿tIeS tsnominated in loreign cuffencies are translaled at the excharrfJe ratè ruling at th8 reporiir#J date. wth any gains or losses being taken to the profft and k)ss acwnL Flnarnxal lnslrun￿ts A f1wic￿ assgt or a finwKial lablity is recc*Jnlsed onty Ththen the company become5 a paty to the corrfractual F￿1$10￿ of the instrument. Basic lknancial instruments are Initi￿ty rea)gnis&J * Ihe transaction Fyice. un￿$ the arrarvjement C4)nstittrte5 a financiThJ Iransathn. whore il is reCOgn￿e￿ at the present v￿e of the fu￿re payments discourrted at a Ma￿et rate of inleresl lor a simiLv debt instrumerrL Dobt instrumwts are subs•4uenty m&tsured at amortised cosL MOLYVOS LIMtrED Company Limited by Guarantee Noles to the Financial Slatements (¢o*Jth Year ended 31 December 2023 Where investments in non-convert*)￿ preference shares and non.puttable ordinary shares or eference shares are publicty Iraded or their fair value can otherwise be measured reliabty, vestment is subwUen￿Y measur￿1 at I￿r value wrth changes in lair value recognised in profil or loss. All other SLth investments are subse1v￿ measured at cost less impairmenL Other fifian￿al instruments. i￿ludI￿j derivatives, are initialty recogni5ed at fair value. unless paymenl tor an asset deterred beyond r￿nal business terms or finarKed at a rate ot interest that is not a mathel rate, in whth case the assel is measured at the present value of the fuiure payments discounted at a markel rate of interest for a similar debt inslrurnenL Olher financial insthjments are subse(pJenlty measured at fwr value, any chan￿S recognis&J in profit or loss. th the exception of hedgirKJ instruments in a desKJnated hedging relalionship. HnanCI￿ assets thai are measurwj at cost or amortised cost are reviewed for objective evKknce of impaimient at the end of eath re¥M)rting date. K there i% ￿leCtiVe evKlence of wnpairmenL an impwmienl k)ss is rewjnised in profrt or k)ss imme(fiatety. For ￿1 e(wlty instrumerts regardbss of sigyficwKe. aNI other financaal assets that are Ir¥Jividually signrficant. these are assessed iTrJNidually for imwmienl. Other financial assets are assessed indivKluaity or grou￿1 on the basis ol swnilar credrf( lisk dbaracteristKs. Any revers* of impaimient are recognised in profft or ths immediately. to the exlent that th reversal does not result in a fdarryiry amourrt of the financi￿ asset that exceeds what the carrying amount Mr)uld have baen ha(1 Ihe impalmi8nl rK)t prev¥)usty been r￿1￿￿1. COmp￿ry Imited by guarantee If Ihe company 15 wouThI up all members and memt*rs who have ceas￿1 to be so wilhin less than one year wil contsik¥Jte to the assets of the company by swh amount as may be requir&J & Payments ol debts lthililles of thg company contracted I￿re ceasing k> be m&Trber5 b. PaYM￿ts of o)sts, charges aNJ e￿nSeS of winthng up . Adjustments ol Ihe lights of the conlributors amongst thomsefves rK4 excee(liry ts amountof GBP1 for each member S. Debtors 2022 PrepayThents and accrued income 1,907 1.907 MOLYVOS UMrrED Company Limited by Guarantee Notes lo the Financial Slalements {¢￿1￿￿* Year ended 31 December 2023 Cveditors: amounts tsllvw wAhln one ye 2022 Trade creditors SubsCrI)e￿ reserve . This reserve rocords the donalion5 aNI Ch￿lIab￿ C4ythbUlkx￿ for Pr¢Jfft and loss accwnt. This reserve records retaiwl eamwwJs a￿1 at￿m￿lated losses. MOLYVOS LIMrrED Company Limited by Guarantse Management Information Year ended 31 December 2023 Tho following pages do not forni part ol Ihe fin•Kwl 8tatM*. MOLYVOS LIMrrED Detsiled Income Slalement Year ended 31 December 2023 Overheads Administratlve expenses {16.3761 (14,8351 16.376} (14.835} Olher ntsrest rKeNabie and similar income 371 18 {16.1￿)5) (14,8171 10 MOLYVOS LIMrrED Notes io the Detailed Income Statement Year ended 31 December 2023 2022 Adminrslrnllve expen#es ServKes rendered Crther Wolession￿ fees Acc(mJnta￿Y fees Bank charges Forob3n cUffe￿Y gainsth)sses (3,294) {8.810) 14,8121 11681 16.8 14,800) {484) {2,674) {14.8351 (16.3761 Other Intwesl receivable and similar income Irrtorest ￿ cash arbj Cash equivalents 371 18 11 86 Ifigweias. I.. fioor Tel +357 2?￿J8 2(N)3 Stsavolos. NK05k3. UTHOR15ED ThANING EMPIOYER Markos Drakos & Co Ltd auth1@mdiakos.¢￿i www.mdrak05.iim Independent Auditorfs Review Report To the Members of Molyvos Limited We have reviewed the unaudited financial statements of Molyvos Limited which include the statement of financial position of Molyvos Limited at 31 December 2023, and the income statement, statement of changes in equity and notes Ipages 2 to 81 to the f inancial statements for the year then ended. These financial statements are the responsibility of the Compan￿5 management. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review in accordance with the International Standard on Review Engagements 2400. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the f inancial statement5 are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly. we do not express an audit opinion. Based on our review. nothing has come to our attention that causes us to believe that the accompanying financial statements are not presented fairly, in all material respects in accordance with Molyvos Limited applicable accounting standards. An reas rtered Accountant and R-egistered Auditor for and behalf of Markos Drakos & Co Ltd Chartered Accountants Nicosia, 26 August 2024 eXe¢uti¥eD￿e¢IQr$.. Pjbnas GeoYgiade$FCA, Aiitonis Ev9eiiiou CPA. Andreas M. ¢Onstsn*ii)￿e* FCA kos Orakos &Co Ltd is a private ¢ompany*¢yiStered In Cypruslrèy. nutnbor.. 1829601 and 15 liEèn$èd l)ylCPA¢ to practicètheaccouiilSiw and aiidrtin9 profossioiTr.