THE MYNE LONDON FOUNDATION
Charity registration number 1198720
Trustees Annual Report
FOR THE YEAR ENDED 31st DECEMBER 2023
Approved by trustees on 19th August 2024
## **The Myne London Foundation**
## **Reference and administrative details**
## **For the year ended 31st December 2023**
## **Registered charity number:** 1198720
The Myne London Foundation is registered with the Charity Commission for England and Wales as a Charitable Incorporated Organisation (CIO).
## **Registered address**
130 Shaftesbury Avenue London W1D 5AR
## **Trustees**
Fiona Wellington (Chair) Katherine Murray Gordos Sarah Alexander Wendy Jordan
This report was approved on behalf of the trustees on 19th August 2024.
Signed: Fiona Wellington, Chair of trustees 19th August 2024
2
## **Report of the trustees**
## **For the year ended 31st December 2023**
The trustees present their report and accounts for the 12 month period ended 31 December 2023.
Reference and administration information is set out on page 2 and forms part of this report. Accounts have been prepared on a receipts and payments basis, using the Charity Commission reporting template in line with statutory requirements and the Statement of Recommended Practice.
## Objectives and activities;
The Myne London Foundations purpose as set out in its constitution is;
The advancement of education for individuals experiencing poverty and financial hardship through the provision of financial assistance to registered primary schools, secondary schools and individuals in Pakistan.
The main activities undertaken in the reporting period were to identify and begin a dialogue with an appropriate partner in Pakistan. The trustees have abided by the Charity Commission’s guidance on public benefit.
## Achievements and performance
In 2023 the trustees identified the Malala Fund as a potential partner delivering relevant work in Pakistan. The trustees began a dialogue with the Malala Fund with a view to making a grant.
## Financial review
The charity obtained its first bank account in November 2023 after many months of attempting to open an account with other providers. The delay in opening a bank account therefore hindered financial progress and fundraising activity during the year.
To continue as a going concern the trustees recognise that additional fundraising will be required.
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## Structure, governance and management
The Myne London Foundation is a Charitable Incorporated Organisation (CIO) governed by a Constitution dated 10 February 2022.
The terms of appointment of the first charity trustees were staggered to ensure continuity. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In considering the appointment of new trustees, the charity trustees must consider the skills, knowledge and experience needed for the effective administration of the CIO.
Myne London Ltd. may appoint one charity trustee.
|||||||
|---|---|---|---|---|---|
|**Name**|**Appointed**|**Initial term**|**Second term**
**from**|**Third term**
**from**|**Third term**
**expires**|
|Fiona
Wellington|10 February
2022|4 years|February
2026|2029|2032|
|Katherine
Murray|10 February
2022|3 years|February
2025|2028|2031|
|Wendy
Jordan|10 February
2022|2 years|February
2024|2027|2030|
|Sarah
Alexander|10 February
2022|2 years|February
2024|2027|2030|
A charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.
The Myne London Foundation has no exemptions from disclosure for the year ended 31st December 2023.
There are no funds held as custodian trustee on behalf of others.
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1198720
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**The Myne London Foundation 1198720 Recei ts and a ments accounts p p y For the period** 01/01/2023 31/12/2023 **To from**
**CC16a**
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**45**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**45**|**Unrestricted**
**funds**
**to the nearest £**
**45**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**45**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**45**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**45**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Donation|**45**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**45**|||||**-**|
||||||||
|~~**A2 Asset and investment sales,**~~
**(see table).**|||**-**
**-**|**-**
**-**|**-**
**-**||
||**-**||**-**|**-**|**-**||
||**-**||**-**|**-**|**-**|**-**|
|**_Sub total_**|**-**||**-**|**-**|**-**|**-**|
|**_Total receipts_**|||||||
||**45**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**45**||**-**||**-**||**45**||**-**|
|---|---|---|---|---|---|---|---|---|---|
|~~**A2 Asset and investment sales,**~~||||||||||
|**(see table).**||||||||||
||**-**||**-**||**-**||**-**|||
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**|**-**||**-**||**-**||**-**||**-**|
|||||||||||
|**_Total receipts_**|**45**||**-**||**-**||**45**||**-**|
## **A3 Payments**
|
Wise Payments Ltd. open bank account|**45**||**-**||**-**||**45**||**-**|
|---|---|---|---|---|---|---|---|---|---|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
CCXX R1 accounts (SS)
28/08/2024
1
||**-**||**-**||**-**||**-**||**-**|
|---|---|---|---|---|---|---|---|---|---|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**45**||**-**||**-**||**45**||**-**|
|**_Sub total_ **|**-**
**-**
**-**
**-**
**45**||**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**|
||**-**
**-**
**-**
**-**
**45**|
||**-**
**-**
**-**
**-**
**-**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|**A4 Asset and investment**||||||||||||
|**purchases, (see table)**||||||||||||
||**-**||**-**|||**-**||**-**||||
||**-**||**-**|||**-**||**-**||||
|**_Sub total_ **|**-**||**-**|||**-**||**-**|||**-**|
|||||||||||||
|**_Total payments_**|**45**||**-**|||**-**||**45**|||**-**|
|**_Net of receipts/(payments)_**|**-**||**-**|||**-**|||**-**||**-**|
|**A5 Transfers between funds**|**-**||**-**||**-**|||**-**|||**-**|
|**A6 Cash funds last year end**|**-**||**-**||**-**|||**-**|||**-**|
|**_Cash funds this year end_**|**-**||**-**|||**-**||**-**|||**-**|
|||||||||||||
## **Section B Statement of assets and liabilities at the end of the period**
|**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**Unrestricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
OK|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
OK|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
CCXX R2 accounts (SS)
28/08/2024
2
**B2 Other monetary assets**
## **B3 Investment assets**
## **B4 Assets retained for the charity’s own use**
|**Details**|**Details**|**Unrestricted**
**funds**
**to nearest £**|**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|---|---|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|**Details**
**Details**||**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**||**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Current value**
**(optional)**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**Current value**
**(optional)**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
CCXX R3 accounts (SS)
28/08/2024
3
## **B5 Liabilities**
Signed by one or two trustees on behalf of all the trustees
||||||**-**||**-**||
|---|---|---|---|---|---|---|---|---|
||||**Fund to which**||**Amount due**||**When due**||
||**Details**||**liability relates**||**(optional)**||**(optional)**||
||||||**-**||||
||||||**-**||||
||||||**-**||||
||||||**-**||||
||||||**-**||||
||Signature||Print|Name|||Date of
approval||
||||KATHERINE MURRAY GORDOS||||28/08/24||
||||||||||
CCXX R4 accounts (SS)
28/08/2024
4