Registered Company Number 077877I 8 (England & Wales)Registered Charity Number I I 44562

Trustees' Annual Reportand AccountsFor the year ended 3 I" March 20 I 3

new ornsVIETNAM

2 Newhoms Vietnam Trustee's Annual Aehorc and Accounts for the rear ended 31"March 2013

Contents

About Newborns VietnamTrustees, advisors and administration detailsHighlights of the yearChairwoman's statement and annual reviewStructure, governance and managementMaking a difference: Saving newborn lives

Making a difference: Advocacy and raising awarenessMaking it happen: FundraislngFinancial reviewNext year: Our targets for 2013/14Trustees' statement and responsibilitiesStatement of independent auditorStatement of financial activitiesBalance sheetNotes to the financial statements

34S6789

1010111213151617

3 Neuchorna Viecnam Truccee'c Annual Raporc and Accounta (or the year ended 31"ydar«h 3013

About NewbornsVietnamNewborns Vietnam is a charity dedicatedto reducing neonatal mortality andpromoting the health of newborns andtheir mothers in countries with high levelsof neonatal mortality pardcularly in southeast Asia and with a specific focus onVietnam.

We are committed to working in

parmerships with public health providersto build regional capacity to save newbornlives and improve standards of care.

Our three-yearstrategic plangoalsI. Build the charity's profile and capacity

to do more to support the worldwidedrive to reduce neonatal mortality.

2. Build parmerships in Viemam and thesouth east Asia region to develop anddeliver a neonatal nurse trainingprogramme with the potendal fordissemination as a proven model to othersouth east Asia countries.

Our local partnership initiatives supportthe development of enhanced neonataloutcomes by addressing the knowledgeand skills deficit of local health workers.

3. To influence the external agenda toraise the profile of neonatal issues.

We are determined advocates working toraise awareness of neonatal mortality andadvancing solutions informed by researchand our direct experience.

We have ambitious plans for the future andare committed to developing moreneonatal education partnerships in moreplaces. We know that we will not advanceneonatal care overnight or on our own.But we will collaborate with others andtogether we will support our local healthparmers to bring about change. We are all

united in our passion to give every babythe chance to celebrate its first birthday.

0 Nanufaorna Vietnam Trtotee'a Annual Reporc and Accouna for the year ended 3I"March 3013

Trustees, advisors,and administrationdetails

Charity contact detailsNewborns VlemamWayside, Exmouth Road,Ebford, Devon EX3 OQWTelephone: 01392 770 108Email: infonewbornsvietnam. orgWebsite: www. newbornsvietnam. org

Chair of trusteesLeslie Morphy, Appointed 24.7.13

TrusteesSuzanne LubranDr. Duncan MacraeStephen Hill

Daniel Cook, Resigned 23.7.13Luke HumphreysDr. Susan Blake, Appointed 24.7.13Walter Menteth, Resigned 23.7.13Nick Robinson

BankersBardays Bank,Highbury Corner,London, NS I RE

Vietcombank140-142 Le Loi Street,Danang CityVietnam

AuditorsGrunberg and Co Limited,Chartered Accountants Ik Statutory Auditors10-14 Accommodation Road,London, NWI I BED

Charity nameNewborns Vietnam

Charity registration number1144562

Company registration number07787718

Registered company ofice10-14 Accommodation Road,London, NWI I BED

S Newhorna Vfacnam Truacee'a Annual aafuuc and Accounca for cha year ended 31"ffarch 3013

Highlights of theyearAprilCanterbury Christ Church UniversityNurse Education Assessment Report andproposal for a neonatal nurse trainingprogramme approved by Da NangDepartment of Health & Da Nang Hospitalfor Women & Children.

MayIndelec Asia & Fair Planet neonatalequipment donadon to support theneonatal nurse training programme.

JuneNeonatal nurse curriculum and teachingand learning strategy agreed with the DaNang Nadonal Technical College forMedicine No I I, Da Nang Department ofHealth & Da Nang Hospital for Women &Children.

JulyCycle a Difference Vietnam sponsoredchallenge cycle ride planned for May 20 I 3,gains momentum with a summer offundralsing events and training rides

AugustTrustees initiated the development of aresearch proposal to explore the impact ofthe neonatal nursing educadon programmeon infant outcomes.

Formal assessment of the learningenvironment and risk assessment.

NovemberStandard Chartered Bank announcessponsorship of Cycle a Difference-VietnamChallenge Ride May 20 I 3.

Christ Church Canterbury UniversityBoard approves Neonatal Nurse Trainingprogramme for Da Nang Vietnam

DecemberEducation partnership Memorandum ofAgreement signed.

JanuaryPremier Oil Pic announces TitleSponsorship of Cycle a Difference ViemamChallenge Ride May 20l 3.

FebruaryVietnamese Ministry of Health approvesNeonatal Nurse Training Course.

Newborns Vietnam Trustees approvedmedical & nursing volunteer programme toadd value to the nurse educationpartnership and support our partners tostrengthen facility based care in Da Nang.

MarchNurse training commenced on 4* March.Dr Nguyen Khac Minh, Dean of the DaNang National Technical College ofMedicine No I I officially opened theneonatal nurse training programme.

OctoberNewborns Viemam & Canterbury ChristChurch University gives presentation toVietnamese Ministry of Health. Theprinciples for an education partnershipMemorandum of Agreement andoperadonal arrangements were agreed.

Nurses selected and enrolled as studentsof Canterbury Christ Church University &Da Nang National Technical College ofMedidne No I I for the first course.

d Newhorm Vlecnam Truaceefa Annual aeporc and Announce for the year ended 3l" ffarch 3013

Chairwoman'sstatement andannual review asat 31 March 2013Worldwide this year has seen an increasedfocus on neonatal morcaiky. The approachof the 20 I 5 Millennium Develop Goal 4'Child Survival' target date hasconcentrated global effort to acceleratethe pace of change. Governments, healthprovlders, NGOs large and small all needto do more to support improvements in

maternal and newborn care. There is no-'one size fits all' solution, we all have a roleto play in ensuring that every child lives tocelebrate his or her first birthday. Ourfocus is to build the capacity of medical andnursing staff at regional referral hospitalsand medical training facilities in Vietnam.

This has been a year of growth, progressand achievement for Newborns Vietnamfrom nurse education and research to ourcycling for newborns fundraising initiative.The highlight of the year was the launch ofour neonatal nurse education programmein Da Nang, central Vietnam, in March.

Our medical and nursing volunteerprogramme will add value to the trainingprogramme and support the advancementof newborn care at the Da Nang Hospitalfor Women & Children and at provincialhospitals in the surrounding provinces. Thefirst volunteer neonatal consultant will joinour team in Da Nang next year.

During the year we developed a researchproposal which should prove ourhypothesis that specialist nurse trainingwith associated changes in the care of thenewborn Infants will have a significantimpact on mortality rates. We are alsoexcited about the extent to which some ofwhat we do and find can be transferred toother developing health services in

resource poor countries.

Following our British cycling success at theOlympics and the Tour de France ourdecision to offer a sponsored cycle ride in

Vietnam in May 2013 as our majorfundraising activity was well timed. TheCycle a Difference Viemam Challenge ride—combines, the beauty of remotenorthwest Vietnam, a tough cyclingchallenge and the opportunity forparticipants to see our work in action andmeet the doctors and nurses. As the yearprogressed enthusiasm and interest grewand the places on the ride were all taken.

Premier Oil and Standard Charcered Banksponsorship of the cycle ride was a hugeboost and together with che support ofmany British and international businesses in

Vietnam sec the scene for the cydeexperience of a lifetime.

We look to the year ahead withconfidence that our neonatal nurse trainingprogramme will bring benefits to newbornsand their families. We believe that widerimplementation of our nurse educationmodel will potentially lead to improvedoutcomes of sick babies born in Vietnam,support the establishment of a nationaltraining programme and throughdissemination as a proven model toimprove outcomes in other resource poorcountries and thus contributing to WorldHealth Organisation Millennium

Development Goal 4 'Reducing ChildMortality'.

We are immensely grateful to our cyclists,corporate sponsors and donors for theirdedication, commitment and generosity.

Suzanne LubranChair of the Board of Trustees (until 24July 2013)

7 Newborn Vlecnean Truacerfa Annual aafuuc and Accounu for che year ended 31"March 2013

Structure,governance andmanagement

of the charity. The Trustees have delegatedmanagement of finandal matters to theTreasurer in accordance with the charitjdsFinancial Standing Orders and Regulations.The internal and external audit proceduresand protocols are reviewed bi-annually.

StructureNewborns Vietnam is a registered charityand a company limited by guarantee and isgoverned by its memorandum and articlesof association.

TrusteesThe board of trustees of NewbornsVietnam currently comprises sevenmembers who meet four times a year toreview strategy, plans and operations.

Trustees are appointed on a three-yearterm after which they may put themselvesforward to be re-elected at the nextAnnual General Meeting.

Trustees are recruited throughadvertisements, akhough personalrecommendations are also used wherespecific skill sets are required given thespecialist nature of the charity's work Allsuccessful candidates are selected throughan interview process involving both thechair of the Board of Trustees and twoother trustees.

All new trustees take part in an inductionprogramme which is designed to ensurethat they fully understand their roles andresponsibilities, as well as the objects,activities and ethos of the charity.

All trustees give of their time voluntarilyand receive no benefits from the charity.No expenses were claimed for the financialyear ending March 20 I 3.

ManagementThe charity was granted a temporarylicense to operate as an internadonal NGOin Vietnam following the issuing of a newDecree governing the registration andoperational process of foreign NGOs.

In the absence of employed staff, thetrustees are responsible for the operations

Risk managementThe trustees have considered the majorrisks to which the charity is exposed and arisk register has been established and willbe reviewed and updated annually. Whereappropriate, systems and procedures havebeen established to mitigate risk. Ourmajor operational risk is funding andtrustees are mindful of managing thecharity's commitments in line with availableresources. Procedures are in place toensure compliance with health and safetyfor the charity's sports fundraisingactivities. New procedures have been putin place for the medical and nursingvolunteer programme to comply with theCharity Commission's advice forvolunteers.

Objectives and activities for thepublic benefitNewborns Vietnam's object Is to save lives,by reducing neonatal mortality andpromoting the health of newborn childrenand their mothers in countries with highlevels of neonatal mortality and illness andin pardcular south east Asia.

The aims of our charity are; to advocatefor increased policy attention and globalfunding, develop interventions to reduceneonatal mortality and specifically neonatalnurse training programmes that aresuitable for the local context that can bereplicated around the region, together withthe provision of life-saving equipment, andin partnership with public health providers,to support the development of neonatalregional centres of excellence to cascadeskills and knowledge to the poorest areasand those with the least access to services.

8 Neurhorm anotnam Tnocee'a Annual Reporc and Accocnna for che rear ended 31"March 2013

Making adifference: Savingnewborn livesThe charity's strategy is to build thecapacity of health workers and spec5callynurses, to address the deficit in skills andknowledge of newborn care in thecountries we work in.

We provide bespoke neonatal nursingeducation programmes to support asustainable reduction in mortality andenhanced neonatal outcomes by developingthe knowledge, skills and practice ofneonatal nurses.

Our aim is to develop competent,conRdent, skilled nurses whose enhancedknowledge and skills will direcdycontribute to reducing neonatal mortalityand mo*idky.

We improve access to, and quality of,newborn care in the poorest rural areas byproviding training for nurse educators totrain health staff to do basic life savinginterventlons well for every baby.

We provide basic lifesaving equipment.

How did we dol

Da Nang Hospital for Women & Childrenapproved the neonatal nurse educadonassessment report undertaken byCanterbury Christ Church University.

The course has been developed as anequivalent to 60 Level 4 UK HigherEducation credits.

A presentation was made to theVietnamese Ministry of Health in Octoberand the prindples agreed for thecurriculum content and the Memorandumof Agreement setong out the operationaldetail for the education partnership.

The course was approved by CanterburyChrist Church University Faculty Board inOctober and received Ministry of Healthapproval thereafter.

The Rrst intake of nurses were enrolled inOctober and we explored their aims forthis learning opportunity. Nursescommenced basic computing training.

Canterbury Christ Church Universitycarried out a formal risk assessment of thelearning and teaching environment.

Newborns Vietnam & Canterbury ChristChurch University and the Da Nangpartners signed the education partnershipagreement and operational annex for theprogramme delivery and partners'responsibilities.

The neonatal nurse educadon programmewas formally launched by Dr Nguyen KhacMinh. Cante*ury Christ ChurchUniversity commenced teaching Module I

on 4th March 2013.

The report informed the development of aneonatal nurse training programme.

The programme was designed byCante*ury Christ Church University toaddress a dehcit in the knowledge and skillsof nurses who currently receive no formalspecialist education in neonatal careworking in the regional neonatal intensivecare unit at Da Nang Hospital for Womenand Children.

Nurses joined the Canterbury ChristChurch University virtual learning networkand accessed neonatal learning materials inVietnamese.

We developed a research proposal toexplore the impact of a nursing educationprogramme on infant outcomes.

Trustees approved a medical and nursingvolunteer programme to add value to theneonatal nurse training.

9 NeuchurmVlecnam Truatee' ~ Annual aeperc and Accuunca fur che year ended 31"March lOI3

Through the generosity of our donors wehave provided basic lifesaving equipment.

Making a diR'erence:Advocacy andraising awarenessWe have developed a bespoke UKUniversity led neonatal nurse trainingprogramme to support the transition tofacility based neonatal care in a resourcepoor country. We are gathering evidenceto show that this approach works, raisingawareness and strengthening our localhealth partner's capacity to improveneonatal and maternal health outcomes.Our aim is to be a catalyst for change.

Our work to develop the neonatal nursetraining programme has brought many UKneonatal professionals to Vietnam and inthe course of working with our localparmers a number of key issues have beenidentified as critical to improving neonatalcare; an increase in the nurse baby ratio,better infection control and clinical andnursing guidelines.

How did we do?We have raised awareness of the need forhospital wide directives for improvedhygiene and good practice for the controlof infection. The critical need for a highernurse baby ratio and the importance ofimmediate and exclusive breastfeeding andmore baby focused care. The charity'sadvocacy work going forward will focus onachieving a higher nurse to baby ratio.

10 Naudsorns Snasnam Truscaa's Annual aaporc and Accourns yor cha year andad 31"March 2013

Making it happen:Fundraising Financial reviewDonationsWe are building relationships withinternational businesses in Vietnam and aredelighted to have secured continuingsupport from a number of companies,together with donations from long-termUK donors whose interest andcommitment to our work has helpedestablish the financial foundation for ournurse training.

Cycle a Difference -VIetnamChallenge RideInterest and support for our Vietnamcycling challenge surpassed ourexpectations. During the year our Cycle aDifference sponsored Viemam Challengeride has significantly raise the profile of ourwork Our cyclists have engaged in manyand varied fundraising activities from a 24hour static bike ride, a double centuryevent, quizzes to cake sales, whilst trainingfor the epic ride.

At the end of its first full year of operation,Newborns Vietnam is in a positive financialsituation, having raised over 688k duringthe year, primarily through our Cycle aDifference fundralsing operadon, andtherefore we have been able to meet ourplanned charitable activity expenditure for2012/13, while retaining 687k towards ourprogramme for 2013/14.

Reserves PolicyDuring this early stage of operation thetrustees considered the charity'soperational priorities and concluded that fnthis year it was not necessary to holdreserves. The trustees' plans for 2013/14are predicated on budgeting to meet theprogramme deliverables and will furtherconsider the requirement for reserves andspec5cally holding a small reserve forunforeseen circumstances.

The British and international businesscommunity in Vietnam have provided hugesupport and corporate sponsorship. Manywere inspired to cycle for newborns withCEOs signing up to participate in the Maycycle ride.

GrantsWorking together with our partners, wesuccessfully secured a Thet Global HealthPartnership, Paired Institutions start upgrant to support the formal setting up ofour Vietnam/UK Neonatal NurseEducadon Parmership.

I I Neurhorna Vlecnam Truacae'c Annual Raporc and Accouncc for rha year ended 31"March 1013

Next year: ourtargets for 20 I 3/I 4Develop nursing guidelines and protocols tosupport the neonatal nurses working withinthe Da Nang Hospital for Women &Children to use their new knowledge torationalise and plan nursing interventions tominimise harm and maximise benefit for theneonate and the family; and evaluate theseinterventions for elfectiveness, workingcolhborathrely within the neonatal team andwith other professionals.

We will;

~ continue to deliver our neonatal nursetraining programme,

~ seek funds for a research evaluation of theimpact of the nurse truning on neonatalmortality and outcomes,

~ implement a volunteer programme to;

provide: support to the nurses toimplement the new knowledge,

develop more baby focused and familycentred care and,

carry out an assessment with our DaNang parmers to plan a trainingprogramme for junior doctors and thedevelopment of clinical guidelines,

~ seek funds from appropriate grant makingbodies to train the most able graduates asnurse pracdce educators to provide basicnewborn care training in the poorest ruralal eas,

~ build the capadty of our local educadonparmers to develop neonatal nursetraining for the future and explore thepotendal for a UK neonatal medicalscholarship,

~ develop Cycle a Difference asNewborns Vietnam's fundraising vehicleand develop a brand identity for-'cycling for newborns',

~ develop new fundraising initiadves linkedto Cycle a Difference.

13 Newhorns Vietnam Truscee's Annual Report and Accounts for the fear ended 31"March 1013

Trustees'statement andresponsibilitiesThe trustees (who are also directors ofNewborns Vietnam Ltd. for the purposesof company law) are responsible forpreparing the Trustees' Report and thefinancial statements in accordance withapplicable law and United KingdomAccounting Standards.

The law applicable to charides in England &Wales requires trustees to preparefinancial statements for each financial yearthat give a true and fair view of theresources of the charity for that period.

In preparing these financial statements, thetrustees are required to:~ select suitable accounting policies and

then apply them consistently~ observe the methods and principles in

the Charities SORPc make judgments and estimates that are

reasonable and prudent' state whether applicable accounting

standards have been followed, subject toany material departures disclosed andexplained in the financial statements

~ prepare the financial statements on thegoing concern basis unless it isinappropriate to presume that thecharitable group will continue in

business.

maintenance and integrity of the corporateand financial information included on thecharitable company's website.

Legisladon in the United Kingdomgoverning the preparation anddissemination of financial statements maydiffer from legislation in other jurisdictions.

AuditorsThe auditors, Grunberg & Co Limited, willbe proposed for re-appoinunent at theforthcoming Annual General Meedng.

ApprovalThis report was approved by the Board ofTrustees on 4* December 2013and signed on its behalf by:

Leslie MorphyChair of Trustees

The trustees are responsible for keepingadequate accounting records that disclosewith reasonable accuracy at any time thefinancial position of the charitable companyand enable them to ensure that thefinancial statements comply with theCompanies Act 2006.

They are also responsible for safeguardingthe assets of the charitable company andthe group and hence for taking reasonablesteps for the prevention and detection offraud and other irregularides.

The trustees are responsible for the

13 Newhorna Vlemem Trcocee' ~ Annual Reporc and Accounca ior che year ended 3 I" March 1013

Report of theIndependentAuditors to theMembers ofNewbornsVietnamWe have audited the financial statementsof Newborns Vietnam for the year ended3 I March 2013 on pages fifteen tonineteen. The financial reportingframework that has been applied in theirpreparation is applicable law and thePinancial Reporting Standard for SmallerEntities (effective April 2008) (UnitedKingdom Generally Accepted AccountingPracdce applicable to Smaller Endties).

This report is made solely to thecharitable company's members, as abody, in accordance with Chapter 3 ofPart I 6 of the Companies Act 2006. Ouraudit work has been undertaken so thatwe might state to the charitablecompany's members those matters weare required To state to them in anauditors' report and for no otherpurpose. To the fullest extent permittedby law, we do not accept or assumeresponsibility to anyone other than thecharitable company and the charitablecompany's members as a body, for ouraudit work, for this report, or for theopinions we have formed.

Respective responsibilities oftrustees and auditorsAs explained more fully in the Statementof Trustees Responsibilities set out onpages twelve to twelve, the trustees(who are also the directors of thecharitable company for the purposes ofcompany law) are responsible for thepreparation of the financial statementsand for being satisfied that they give atrue and fair view.

Our responsibility is to audit and expressan opinion on the financial statements in

accordance with applicable law andInternational Standards on Audidng (UKand Ireland). Those standards require usto comply with the Auditing PracticesBoard's Ethical Standards for Auditors.

Scope of the audit of the financialstatementsAn audit involves obtaining evidence aboutthe amounts and disclosures in thefinancial statements sufficient to givereasonable assurance that the financialstatements are free from materialmisstatement, whether caused by fraud orerror. This includes an assessment oF.whether the accounting policies areappropriate to the charitable company'scircumstances and have been consistentlyapplied and adequately disclosed; thereasonableness of significant accountingestimates made by the trustees; and theoverall presentadon of the financialstatements. In addition, we read all thefinancial and non-financial information in

the Report of the Trustees to identifymaterial inconsistencies with the auditedfinancial statements. If we become awareof any apparent material misstatements orinconsistencies we consider theimplications for our report.

Opinion on financial statementsIn our opinion the financial statements:

give a true and fair view of the state of thecharitable company's affairs as at31 March 2013 and of its incomingresources and application of resources,including its income and expenditure, forthe year then ended;

have been properly prepared in accordancewith United Kingdom Generally AcceptedAccounting Practice; and

have been prepared in accordance with therequirements of the Companies Act 2006.

Id Neashorns Vietnam Trustee's Annud Report and Accounts for tha year ended 31"March 1013

Opinion on other matter prescribedby the Companies Act 2006In our opinion the information given in theReport of the Trustees for the financialyear for which the financial statements areprepared is consistent with the financialstatements.

The financial statements of NewbornsVieutam for the year ended 3 I March20 I 2 were unaudited.

tuiatters on which we are required toreport by exceptionWe have nothing to report in respect ofthe following matters where theCompanies Act 2006 requires us to reportto you if; in our opinion:

adequate accounting records have not beenkept or returns adequate for our audithave not been received from branches notvisited by us; orthe financial statements are not inagreement with the accounting records andreturns; orcertain disclosures of trustees'remuneration specified by law are notmade; orwe have not received all the informationand explanations we require for our audit;OI

the trustees were not entlded to preparethe financial statements in accordance withthe small companies regime and takeadvantage of small companies exempdon in

preparing the Report of the Trustees.

Robert Bean BA ACA(Senior Statutory Auditor)for and on behalf of Grunberg & Co LimitedChartered Accountants & Statutory Auditors10-14 Accommodation RoadLondon, NWI I BED

4 December 20 I 3

IS fdewhorna Yfeown Truaree'a Annual aefuuc and Accounca for che year ended 31"Harch 3013

Financial statement for year-end 31st March 2013

Unrestrictedfunds

Restrictedfunds

Total2012/13

Total2011/12

Incoming resourcesVoluntary Income

Income from fundraising tradingOther incoming (Bank interest)

78,78137539

9,03200

87,81337539

16,159405

0.00

Total incoming resources 79, 195 9,032 88.227 16,564

Resources expendedCharitable activities

Cost of generating voluntary incomeFundraising trading

Governance and Bank charges

Total resources expended

2,9382,469

141

2,323

7,871

9,032000

9,032

11,9702,469

141

2,323

16,903

0

255

152

886

1,293

NET INCOMING RESOURCES

Balance brought forufard

TOTAL FUNDS CARRIED FORWARD

71,324

15,271

86,595

0 71,324 15,271

15,271

86,595 15,271

10 Newhorna Vietnam Trustee's Annual Report and Accounts for the year ended 31"March 2013

Balance sheet at 3 I"March 20 I 3

CURRENT ASSETS

StocksDebtors

Pre-payments 4

Short term deposit at bankCash at bank

UnrestrictedFunds

2,8296,042

47,3983, 178

36,052

RestrictedFunds

2012/13

2,8296,042

47,3983, 178

36,052

2011/12

2,970415

00

12,69395,499 0 95,499 16,078

CREDITORSAmounts falling due in one year (8,903) 0 (8,903) (807)

NET CURRENT ASSETS 86,595 0 86,595 15,271

FUNDS

Unrestricted fundsRestricted Funds

86,5950

15,2710

TOTAL FUNDS86,595 15,271

These financial statements have been prepared in accordance with the special provisions of Part 15 of theCompanies Act 2006 relating to small charitable companies and with the Financial Reporting Standard forSmaller Entities (effective April 2008)

The financial statements were approved by the Board of Trustees on 4 December 2013 and were signed on itsbehalf by:

Nick Robinson —Trustee

Leslie Morphy —Trustee

ly Newhorns Viecnem Trusses's Annual Refsorc and Accourm for ihe year ended 3 f" March 1013

Notes to financial statements for the yearended 3I"March 20I3.

Accounting Policies

Accounting conventionThe financial statements have been prepared under the historical cost convention, and inaccordance with the Financial Reporting Standard for Smaller Entldes (effective April 2008), theCompanies Act 2006 and the requirements of the Statement of Recommended Practice,Accounting and Repordng by Charities.

Incoming resourcesAll Incoming resources are Included on the Statement of Financial Acdvities when the Charity islegally entitled to the income and the amount can be qualified with reasonable accuracy.Resources expendedExpenditure is accounted for on an accruals basis and has been classified under headings thataggregate all cost related to the category. Where costs cannot be direcdy attributed to pardcularheadings they have been allocated to acdvities on a basis consistent with the use of resources.StocksStocks are valued at the lower of cost and net realisable value after making due allowances forabsolute and slow moving items.

TaxatlonThe charity Is exempt from corporadon tax on ks charitable acdvides.Fund accountingUnresuicted funds can be used in accordance with charitable objectives at the discretion of theOllstees.Restricted funds can only be used for particular resuicted purposes within the objectives of thecharity. Restrictions arise when specified by the donor or when funds are raised for particularrestricted purposes.

Exchange RatesExchange rate of Vietnam Dong to Pounds Sterling are those quoted as the traqsfer rate by theVletcombank Ooint Stock Commercial Bank of Vietnam) for the day given at the bankheadquarters.

Trustee Remuneration and benefits.There were no trustees' remuneradon or other benefits for the period ending 31"March 2013.There were no trustees' expenses paid for the period ended 31«March 2013

DebtorsDonations made, but not yet received. 6,042

4 Prepayments

Nurse training 39,192Training acdvity costs (deposits for inrernadonal travelling costs of fundralsing cycle riders) 6,510

Training activity costs (travelling insurance costs of fundraising cyde riders) ~164~798

I a Newhcnns Vleceem Trusses's Annual aeporc and Accounu for che year ended 31"March 3013

5 Credltorsf amounts falling due within one yearFundralsing activity costse 6,903

Allowance for 2012/13 accountancy costs ~0

e Mr N Robinson, a trustee, personally paid &6,510 to cover advance deposits for internationaltravelling costs of fundralsing cycle riders.

6 Movement in funds

At 1.4.12 Net movement At 31.3.13in funds

6Unrestricted- General fund

Restricted funds- Nurse training- Medical equipment- Cycle a Difference (fundraising activity)

15,271 71,324 86,595

Total funds 15,271 71,324 86,595

Net movement in funds

Unrestricted- General fund

Restricted funds- Nurse training- Medical equipment- Cycle a Difference (fundralsing acdvity)

IncomingI esoul ces

6

79,195

4,9002,8161,316

Resourcesexpended

P,971)

(4,900)(2,816)(1,316)

Movement in

funds

6

71,324

Total funds (16,903) 71,324

7 Other financial commitmentsAs at 31 March 2013, the company was committed to pay 6104,000 to Canterbury ChristChurch University as part of the neonatal nurse training programme.

19 ~Wecnam Truaceo'a Annual Aeporc and Accoura for che year ended 31 March 2013