CYRENAEUS TRUSIEES. REPORT AND FINANCIAL STATEMEP113 FOR THE YEAR ENDED 301H SEvfEMBER2023 Clwity R¢gisttationNo. 1202741 Company Lirnited by GuaTOntee No 14380162 CYRENAEUS FINANCIAL STATEMENTS for the ear ¢nd¢d 30 S t¢mber 2022 INDEX Pages Ststement of FiDancial Activifies Balance Sheet Statement of Cath Flows Notes to the Fina￿Cial StatExt￿ts CYRENAEUS OFFICERS AND ADVISORS ADDRESS: Gralldpont House Abillgdw) Ro&1 Oxford OXI 4LD TRUS7EES Dr Antonio Od2ndo (chaittnan) Dr Cytuiia Colavltti Mr James Mirabal sec￿ W. Mr JatDes hfirabal INDEPENDENf EXAMINER Skil2 Parry FCCA SPX Oxford 19 Parddist St Oxford OXI ItD BANKERS The ￿0￿rative Bank PO Box 250 Skclmersdalc WN8 6wr CYRENAEUS TrUSTEES' REPORT The trustw wlKb are aIw the a)mpAny dlrrftO￿ wbmit their fitst retKJrt and financial stsleEnents of for the peri￿1 ended 30 2023. The Tmstees tem2ined unCha￿Trea from those sbown on Page I xt thc date thc accounts wcir signed. THE CHARITY'S PRINCIPAL OBJEcrs Cyrenaeus seeks to pr(>vtd¢ SE￿gICal procedures to people in CameroU￿ Ugunda. Gh2na. T(yi 2nd Benin whil regpll￿ plastic 5UlgCry interventiou fiir previously extstsn¥ conditiorjs. Thc (]Witywill also faalitate voluoteers to dcliver ttaxningto r*dicaE pry)fessiunals in the countiies listed above. ORGANISAIION The LTharity orgattiw$ *ELiSSiOnS- whercby small tewlls of mediral PFolessffioDals Jmake sbort ov¢Tr*&s visits ts) cattiT out %ut8ical ptt)ccduffs to people in SuKS&harw Afiica. The grganisatlon of these IIII&SiOIIS 15 (WTial out directly by Truste￿ The Trustees and oth¢rs who lake part in the mi&%ion5 do so on a voluntsry basi& No saiaries are paid and tk C1wity funds for th¢ equip￿t￿t, traveL alld Commodati(￿ costs. RESERVES POLICY The Ch•ity OWDS DO pri)perty, 3rtd its &￿ts or¢ only thc bmk baiaTKfy and it IKS no further tes¢Tv￿ It aEI(Kat¢s the received fn)m thnors to support thc work in kccpitt8 wath its Pfittckpal objects Eath the income rtteived is expended in furthering th¢ ￿a￿lty.8 objective8 and it has. further invctharts It has no 4)￿lfiL fonvarL( commitmLaJts or contractual requircments to fi￿[￿ fi￿￿131 Obligatio￿ and as such there atc no risk8 iuvolved. The aiarity catsllot cxpend more th8n it has available, and thus" does nol go into defiLit. RISK fvt4NAGEMEwr The Trusteeg bave exgmill￿ the tnajor strategic and operalonal risks which the Ch&ity facc3 and ￿nrimI t1￿ Sy5*ell￿ are in plac¢ to eDabl¢ r¢gular repths tt> be produced so thai the *s can be taken le&8en risk In the pcrI￿j 30 S¢ptembet 2023, the TnLStees and others Jjave raised & total of £41,114. This amouni will be to fimd the Charity's oversw MI￿10￿& The first mission to Uganda took place in October 2023 with co*$ of some £6.(M)O leavtng reserves of around £35,000 for futurc expeditions in future yea PUBUC BENEFIT The T￿￿￿CeS Lonfirm that ill aLTOFdanct yection 4 of the Clwiti¢s Act 21M16 they have due regard to public benefit g￿ldance published by the C7wity Commi&sion. They confim that th¢ aLtivitie&" of the Cbarity ate for the tthefit of the public in genffaL GOING CONCEIIN The Tru&ees con67der that there are no ma*rial uncertainties the (JMTity's abÈlity lo colltiti￿ a CYRENAEUS TRUSTEES. RESPONSIBILIIES Puge 3 The Tn￿ acknOWl￿ge that it is their rewJ]sibility to prepare slktements of accouni for each finaneial yLYr whi¢h give a tru¢ and fatr view of the th of kffairs of the charity and of its incoming resources and application of reg)urces for that period. preparing tho¢ fillan¢ial .8tatement& the TDJstce5 are required to-. Select suit8ble aCcou￿tEng policies and then apply art the fllwicial ststcments in accordance witb the mdhods and principles sd out ill the Statement of Recommtnded Practi(x AccouDting arad RqK>ning by Chariti&% and to swe whether or not the a¢cowits Imve been PFt¥atat in xo)rdatKe with that stat￿￿￿1 and 4wIicable accounting Prepare fil￿￿14] sta£emeR]ts on the going con(Yrn basi8 ulllesq il is iDappropriate to prwme that the charity will continue in op¢ratiot4 The Trustees are riwnsible foF ke¢pifftg prow a¢t4)ullting records Hthich are ￿lficient to show and explaiTk the cknity's traDsactio]ks to dÈsclose with Tvwnable accwacy at any tTm¢ the fI¥&w￿la1 P(kSition of the Foundatio￿ ar￿ to enable thcnE tt> ensure that any statements of comply Fith the tequiremeots of the Clwity Act 2011. Thcy are also rcy)nsible for safeguarding the &￿ts of the clwity alld takitig reaqmthlc steps for thc prevention and d¢t￿￿on of fraud and other irrcgulatitie Th¢ Tn¥t￿5 beli¢vc the Filw￿la1 St*ments the yvdr 30 2021 have Tr*eD prepared in xcwdance with the above rwnsibiltti¢& Sis￿A 4)n b¢half of th¢ Tru￿¢¥5.. Trus¢ee.' CYRENAEUS EXAMINER'S REPORT TO THE TRUSTEES We Tq￿ on the accouots of theTft￿ fortbe peri(￿ •Jded 30 Septhbtt 2023, which are set out pages 5t09. Re￿￿1￿ re4JoDsibElitiu of amd ex&miDer As set out on ￿8¢ 3, &8 the charity's trEEStee&' you arc rryon5ibl¢ for the prqTraration of the finvncta] The Charity's T￿￿ iy)nsidtr that an aamltt is llot rcquired fiyr this Y￿ (under swtion 14412) of thc c￿￿ltieS Act 2011 {the 2011 Act)) and that an indepetident examiDation 1$ ll￿Jed. It i& our responsibility to • exttTnI￿ the ￿￿ounts secti¢m 145 of the 2011 Act" . to follow the proccdurcs Specifi￿ in th¢ General Dir¢(*ions given by the Charity CA)mmi%sion under gt£tion 145(53(b) of the 201 IAct- • Alld to stat¢ whethw partI￿laT mattff8 have comc to OUT attention. sis of Ind￿e￿}ent ex•￿Ier'S report ¢xaminatiiyn carri￿£ (Mrt in accorda￿¢ with th C*neral Di￿￿0￿ give# by the Charity An &uminaÉion includes a revtew of the ac(owitin8 reeords kept by the Charity alld a ci)mp8riwn of th¢ LY)]xBts prC￿ed with these rccord& It includes ¢onsideTalion of any ulluwl itLxns or dI￿10$￿T&S in thc accounts and S￿killg explanations from you a5'fNtss concerlling aDy such matter& The proc£dor&g undertaken do nol provAde atl the evidcnce that vmuld be r¢quirLxI i]L ary audiL aDd cong4ucntly no optnion is given &8 to whethcr the 8¢¢￿￿ts prescnt alld FatT view" arjd tbe re￿rt is IiD)it¢d to th￿ matters set out iEt the next statem¢nt. depelldellt exananer's 5t*tement In conndrtion with our examiDatiott. no malter bas come to our atÈcntion'. (i) whicb gives us rea￿nable ouse to bElieve thaÉ in any m2t¢riaI respwt the rwutrement ¢0 keep accoimtlng recorits ITh ￿co[danCC wtth section 130 of the Ac¢ aJMI to prepare Accounts which accord with the ac£tiuotiDg rctords and comply with the xcow]ting requirements of the Act. have not been m¢1" or (2) to wbidL in our opiniw atte￿ti￿ll sbould be drawD in onkT to a proper uoderstathg of the xcounts to b¢ reached. Sheila Pw FCCA SPX Oxford Ltd 19 Paradi￿ St Oxford OXI I LD DATE: I6 2014- CYRENAEUS STATEMENT OF FINANCIAL ACTIVITIES for ihe ended 30 tembcr 2023 Nole TotGI 2023 INCOME 41,114 TOTAL NCOME 41,114 EXPENDIIUP W¢b5ite devclq)meDI Bank chargcs 14al & Accounlancy TOTAL EXPENDIIiSRE 52 420 972 NET ￿COmE 40.142 FUND BALANCES CARRIED FORWARD AT 30 Septanbex 2023 40.142 CYRENAEUS BALANCE SHEET for thc year ended 30 September 2023 Page O Noie& 2023 CURRENf ASSETS 500 40.062 40,562 CURRENf LIABILITIES (Xber eT¢th"tors NET ASSETS 420 ACCUMUIATED FUND Unrc5tricted fun(L8 40.142 Cryy 14380162 For the puiod endeAJ 30 Septenkn 20?3. CYRENAEUS was enliiled to exetnptton forni audit under Section 477 of the Compaoi&g Act 2(X16 r¢lating to smo11 compani¢ The trust¢cs' reV￿SIbili11 Ib¢ memltt< have not required the company to obt&in an audit of its xcovnts for the year in question in 8¢cord&Dce Section 476; atjd The ackuowlcdge their responsiffiTlities for complying with thc requiranents of the Act with rew to accounting reLxwd8 and the preparalion of aco)uTrts. Tkn bave been prep8TwJ in &ccordaTKe with the provisiors applicable to cowies thiect to the abmp3nics' regiwe. Apptoved by the Tfttst￿ on CYRENAEUS STAIEMENf OF CASH FLOW for the year ended 30 September 2023 Page 7 CLSH FIAIWS FROM OPLRATING ACTivrriLs NET NCOME/(EXPENDITURE) Changes IA Trade and otb£r debtors l.tsde and other cmlÈt(¥s Cash geneE&i¢d fro￿ operatiorys 40.142 {5(M)) 420 40.062 intr80￿(de<￿e￿Te) in cash qnd c&*h equithts c&sb q*iwlents ar ihe begirt•ins ofperiod CLfh and c¢J* qmithnts * the ewd 40,062 40.1162 CYRENAEUS NOTES TO THE ACCOUNTS for the year ended 30 Septern￿r 2023 Page 8 I STATEMEP4T OF COMPLIANCE fxn&n¢ial statetncttts bave be￿ prepared in complfance with FRS 102. Tr Finan¢ial Rwrting Stan(lard applicabl¢ in the UK and the Rq￿bIlL of Ireland., thc StatemenE i)f Rkxfjmmended Practii applicable to ehariti£s preparing their accounts in kc(x)rdanc£ with the Financial Reporting Standard applicknle in the UK and Rwblic of Irel8nd (FRS 102) (aTrariiic% SORP (FRS 102)) aud the C￿a￿lI1eS Act 2011 2 ACCOIJNTll¥G POIJCIES The financia[ sta*eEnrnts are prepared under the historical ¢ost COEJvention and in accordance the StthnLXrt of Rrcommtnd(xl PrdctiK A<*ountillg and Rq￿'Tr￿ by Charities (SORP 2019) and applicable ting standards. The following policics have been con8iStently in aealiDg wlth items hich arc Ly>nsÈdcred material in relation to the financial stst¢ment& INCOME GeDe¥al th)Dations are tffought into a(Yount wbell received and are gro&wJ up to include the tsx C￿V￿ble. 3 LXPENDITURE 2023 h(T 420 552 972 4 DEFfoRS 2023 5(M) 2023 Indepwtht Exawiner's Fce for y¢aF 420 420 CYRENAEUS NOTES TO THE ACCOUN]5 (coDtinued) for the year ended 30 September 2023 Pttge 9 6 TRUSTEES AND RELATED PART￿5 to 30 S(ptm￿r 2023. 7 MOVEMENT ON FUNDS Balap￿e éLS 10rt 2022 IntYJFne Btslance ¢XF Qt 30Sep 2025 UJJr¢strictol 41.114 (972) {40. 162) Totsl 41.114 (972) (40, 162