## CYRENAEUS 

## TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 30 SEPTEMBER 2025 

Charity Registration No. 1202741 

Company Limited by Guarantee No 14380162 



## CYRENAEUS FINANCIAL STATEMENTS for the year ended 30 September 2025 

||**INDEX**||
|---|---|---|
|||Pages|
|Officers and Advisors||1|
|Trustees’ Report||2|
|Trustees’ Responsibilities||3|
|Independent Examiner’s Report||4|
|Statement of Financial Activities||5|
|Balance Sheet||6|
|Statement of Cash Flows||7|
|Notes to the Financial Statements||8|





## CYRENAEUS 

## OFFICERS AND ADVISORS 

ADDRESS: Grandpont House Abingdon Road Oxford OX1 4LD 

TRUSTEES 

Dr Antonio Orlando (chairman) Dr Giulia Colavitti Mr James Mirabal Mr Rhodri Davies 

Secretary: Mr James Mirabal 

INDEPENDENT EXAMINER Sheila Parry FCCA SPX Oxford Ltd 19 Paradise St Oxford OX1 1LD 

BANKERS The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT 



## CYRENAEUS 

TRUSTEES’ REPORT _Page 2_ 

The trustees, who are also the company directors, submit their report and financial statements of Cyrenaeus for the period ended 30 September 2025.   Mr Rhodri Davies became a trustee on 30 January 2026.  Apart from this, the trustees remained unchanged from those shown on Page 1 at the date the accounts were signed. 

## THE CHARITY’S PRINCIPAL OBJECTS 

Cyrenaeus seeks to provide surgical procedures to people in Cameroon, Uganda, Ghana, Togo and Benin who require plastic surgery intervention for previously existing conditions. The Charity will also facilitate volunteers to deliver training to medical professionals in the countries listed above. 

## ORGANISATION 

The Charity organises “missions” whereby small teams of medical professionals make short overseas visits to carry out surgical procedures to people in Sub-Saharan Africa.  The organisation of these missions is carried out directly by Trustees.  The Trustees and others who take part in the missions do so on a voluntary basis.  No salaries are paid and the Charity funds the equipment, travel, and accommodation costs. 

## RESERVES POLICY 

The Charity owns no property, and its assets are only the bank balance, and it has no further reserves. It allocates the income received from donors to support the work in keeping with its principal objects Each year the income received is expended in furthering the Charity’s objectives and it has no further investments. It has no specific forward commitments or contractual requirements to fulfil financial obligations, and as such there are no risks involved. The Charity cannot expend more than it has available, and thus does not go into deficit. 

## RISK MANAGEMENT 

The Trustees have examined the major strategic and operational risks which the Charity faces and confirm that systems are in place to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. 

## CURRENT YEAR 

In March 2025, the Charity led its second multidisciplinary surgical mission to St Mary’s Hospital Lacor, near Gulu in Northern Uganda. This mission focused on reconstructive plastic surgery, burns care, and clinical training, with the overarching goal of enhancing long-term local capacity through partnership and mentorship.  35 surgical operations were performed, focusing largely on the acute management and late sequelae of burns — particularly in children. Two outpatient clinics were held to balance surgical priorities with local needs. Local disease prevention advice was disseminated via a radio broadcast. 

## FUTURE PLANS 

Cyrenaeus plans to hold further missions in 2025/2026 again to Lacor in Uganda. In addition, Trustees and mission members will contribute to a meeting in Italy to promote the work of the charity with other European partners. 

## PUBLIC BENEFIT 

The Trustees confirm that in accordance with section 4 of the Charities Act 2006 they have due regard to public benefit guidance published by the Charity Commission. They confirm that the activities of the Charity are for the benefit of the public in general. 

## GOING CONCERN 

The Trustees consider that there are no material uncertainties as to the Charity’s ability to continue as a going concern. 



TRUSTEES’ RESPONSIBILTIES _Page 3_ 

## CYRENAEUS 

The Trustees acknowledge that it is their responsibility to prepare statements of account for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing these financial statements, the Trustees are required to:- 

- Select suitable accounting policies and then apply them consistently. 

- Make judgements and estimates that are reasonable and prudent. 

- Prepare the financial statements in accordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards. 

- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation, 

The Trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Foundation, and to enable them to ensure that any statements of account comply with the requirements of the Charity Act 2011. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees believe the Financial Statements for the year ended 30 September 2025 have been prepared in accordance with the above responsibilities. 

Signed on behalf of the Trustees: 

## **James Mirabal** 

Trustee:   James Mirabal Date: **29 June 2026** 



## CYRENAEUS 

## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES 

_Page 4_ 

We report on the accounts of the Trust for the period ended 30 September 2025, which are set out on pages 5 to 9. 

## **Respective responsibilities of trustees and examiner** 

As set out on page 3, as the charity’s trustees you are responsible for the preparation of the financial statements. 

The Charity’s Trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. 

It is our responsibility to 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures specified in the General Directions given by the Charity Commission under 

- section 145(5)(b) of the 2011Act; 

- and to state whether particular matters have come to our attention. 

## **Basis of independent examiner’s report** 

Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. 

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the next statement. 

## **Independent examiner’s statement** 

In connection with our examination, no matter has come to our attention: 

- (1) which gives us reasonable cause to believe that in any material respect the requirements, 

   - to keep accounting records in accordance with section 130 of the Act; and 

   - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act. 

   - have not been met; or 

- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **Sheila Parry** 

Sheila Parry FCCA SPX Oxford Ltd 19 Paradise St Oxford OX1 1LD 

DATE: **25/06/2026** 



## CYRENAEUS 

## STATEMENT OF FINANCIAL ACTIVITIES 

for the period ended 30 September 2025 _Page_ 5 

|_Note_<br>INCOME<br>2<br>Donations<br>TOTAL INCOME<br>EXPENDITURE<br>3<br>Expeditions<br>Charitable donations<br>Bank charges<br>Legal & Accountancy<br>TOTAL EXPENDITURE<br>NET INCOME<br>FUND BALANCES<br>BROUGHT FORWARD<br>AT 1 October<br>FUND BALANCES<br>CARRIED FORWARD AT<br>30 September<br>8|_Total 2025_<br>_£_<br>37,667<br>37,667<br>28,079<br>843<br>149<br>489<br>29,560<br>8,107<br>46,929<br>55,036|_Total 2024_<br>_£_<br>17,631|
|---|---|---|
|||17,631|
|||8,370<br>1,697<br>98<br>679|
|||10,844|
|||6,787<br>40,142|
|||46,929|





## CYRENAEUS BALANCE SHEET 

for the year ended 30 September 2025 _Page 6_ 

|_Notes_<br>CURRENT ASSETS<br>Debtors and prepayments<br>4<br>Cash at bank and in hand<br>CURRENT LIABILITIES<br>Other creditors<br>5<br>NET ASSETS<br>ACCUMULATED FUND<br>INCOME FUND<br>Unrestricted funds<br>8|2025<br>£<br>7,814<br>47,712<br>55,526<br>(490)<br>55,036<br>55,036<br>55,036|2024<br>£<br>500<br>50,890|
|---|---|---|
|||51,390<br>(4,461)|
|||46,929|
|||46,929|
|||46,929|



The notes on Page 8 onwards form part of these accounts. 

Company Number 14380162 

For the period ended 30 September 2025, CYRENAEUS was entitled to exemption form audit under Section 477 of the Companies Act 2006 relating to small companies. 

The trustees’ responsibilities: 

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476; and 

- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 

Approved by the Trustees on __ **29 June 2026** _____________ 

## **James Mirabal** 

__________ Trustee 



## CYRENAEUS STATEMENT OF CASH FLOW 

for the year ended 30 September 2025 _Page 7_ 

|**CASH FLOWS FROM OPERATING ACTIVITIES**<br>NET INCOME/(EXPENDITURE)<br>**_Changes in_**<br>Trade and other debtors/prepayments<br>Trade and other creditors<br>Cash generated from operations<br>**_Net increase/(decrease) in cash and cash equivalents_**<br>**_Cash and cash equivalents at the beginning of period_**<br>**_Cash and cash equivalents at the end of period_**|2025<br>£<br>8,107<br>(7,314)<br>(3,971)<br>(3,178)<br>(3,178)<br>50,890<br>**47,712**|2024<br>£<br>6,787<br>-<br>4,041|
|---|---|---|
|||10,828|
|||10,828<br>40,062|
|||**50,890**|





NOTES TO THE ACCOUNTS for the year ended 30 September 2025 _Page 8_ 

## CYRENAEUS 

## **1 STATEMENT OF COMPLIANCE** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011 

## **2 ACCOUNTING POLICIES** 

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015) and applicable accounting standards. The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements. 

## INCOME 

General donations are brought into account when received and are grossed up to include the tax recoverable. 

## **3 EXPENDITURE** 

|Expeditions – travel etc<br>Expeditions – equipment purchases<br>Donation – St Jude Children’s Home, Uganda<br>Independent Examiner’s Fee<br>Other<br>Total|2025<br>£<br>7,514<br>20,565<br>843<br>489<br>149<br>29,560|2024<br>£<br>-<br>4,771<br>-<br>3,599<br>1,697<br>529<br>248|
|---|---|---|
|||10,844|



There are no salary payments as the charity has had no employees in the period ending 30[th] September 2025. (2024: nil). 

## **4 DEBTORS & PREPAYMENTS** 

|Prepaid costs of following year’s missions<br>HM Revenue and Customs<br>**5 LIABILITIES**<br>Travel expenses<br>Independent Examiner’s Fee for year|2025<br>£<br>7,224<br>590<br>7,814<br>2025<br>£<br>-<br>490<br>490|2024<br>£<br>-<br>500|
|---|---|---|
|||500|
|||2024<br>£<br>3,986<br>475|
|||4,461|



## **6 TRUSTEES AND RELATED PARTIES** 

One trustee has been reimbursed £1,530 for expenses relating to their travel, subsistence and accommodation when joining the missions.  No Trustees or other related parties received any remuneration or benefit from the Charity during the year to 30 September 2025. (2024: nil)