## **THE NCHIMA TRUST** ## **REPORT OF THE TRUSTEES** ## **30TH APRIL 2022** Nchima Trust had another very good year and continued to support gifted and under-privileged Malawians predominantly by awarding bursaries for educational school and tertiary levels. WE now support almost 300 school students and 100 students in further education. We are joined in our mission by Passo Fundo and Medulawi, two charities based in Europe, and we are very grateful for the positive collaboration which has developed over the past few years. We are also blessed with a very strong Committee in Malawi, the volunteers of which ensure that our presence is effective ‘on the ground’. Likewise in the UK we have a very positive and supportive Board which is particularly well organised by our Treasurer’s tireless enthusiasm and coordination. The Trust’s financial position remains robust and secure, and we are confident that we have appropriate systems in place to manage expenditure in the most effective manner. To that end we are very well supported by some excellent systems. Our portfolio is valued at market prices with any necessary adjustments made to the capital account. Donations were greater than the prior year, enhanced by some very generous giving in support of victims of a cyclone for whom significant report was provided. Whilst Malawi continues to struggle with significant levels of poverty and challenging economic conditions, Nchima’s work,and commitment remains undiminished, as it strives to continue to support Malawians through education and to deliver other projects. 2022 was the 60[th] Anniversary of the Nchima Trust, founded in 1962 by Margaret Gardiner. |The Nchima Trust
1072974
Annual accounts for the period
May 1, 21
**To**
Apr 30, 22
Charity No (if
any)
Period start
date
Period
end date|The Nchima Trust|The Nchima Trust|The Nchima Trust|Charity No (if
any)|1072974|| |---|---|---|---|---|---|---| ||Annual accounts for the period|||||| ||May 1, 21
Period start
date||**To**|Period
end date|Apr 30, 22|| |**Section A Statement of fnancial activities**
||||||| |**£**
**£**
**£**
**£**
**£**
**Incoming resources (Note 3)**
**Note**
**Income and endowments from:**
3
Donations and legacies
7,274 - - 7,274 6,931
Charitable activities
9,416 - - 9,416 80
Other trading activities
- - - - -
Investments
40,064 - - 40,064 24,366
Separate material item of income
34 - - 34 483
Other
- - - - -
**_Total_**
56,788 - - 56,788 31,861
**Resources expended (Note 6)**
6
**Expenditure on:**
Raising funds
863 - - 863 548
Charitable activities
86,301 - - 86,301 51,652
Separate material item of expense
- - - - -
Other
3,681 - - 3,681 4,104
**_Total_**
90,845 - - 90,845 56,303
(34,056) - -
(34,056)
(24,442)
Net gains/(losses) on investments
17.7
3,498 - - 3,498 66,451
**Net income/(expenditure)**
(30,558) - -
(30,558)
42,010
**Extraordinary items**
- - - - -
**Transfers between funds**
- - - - -
- - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(30,558) - -
(30,558) 42,010
Adjustment to Reserves
8.1,a,b.
(2,033) - -
(2,033) 8,065
**_Reconciliation of funds:_**
Total funds brought forward
27
261,983 - 588,731 850,714 800,639
**_Total funds carried forward_**
229,392 - 588,731 818,123 850,714
**The Nchima Trust**
**Statement of Financial**
**Activities**
**30th April 2022**
**Unrestricted**
**funds**
**2022**
**Restricted**
**income funds**
**2022**
**Endowment**
**funds**
**2022**
**Total funds**
**2022**
**Prior year**
**funds**
**2021**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed
assets for the charity’s own use||**Unrestricted**
**funds**
**2022**|**Restricted**
**income funds**
**2022**|**Endowment**
**funds**
**2022**|**Total funds**
**2022**|**Prior year**
**funds**
**2021**| |||**£**|**£**|**£**|**£**|**£**| |||||||| |||7,274|-|-|7,274|6,931| |||9,416|-|-|9,416|80| |||-|-|-|-|-| |||40,064|-|-|40,064|24,366| |||34|-|-|34|483| |||-|-|-|-|-| |||56,788|-|-|56,788|31,861| ||||-|-|-|| |||-|-|-|-|| |||(30,558)|-|-|(30,558)|42,010| |||(2,033)|-|-|(2,033)|8,065| |||||||| |||261,983|-|588,731|850,714|800,639| |||229,392|-|588,731|818,123|850,714| CC17a (Excel) 03/12/2023 1 **----- Start of picture text -----**
Section B Balance sheet
The Nchima Trust
Balance Sheet
30th April 2022
£ £ £ £ £
Fixed assets Note
Intangible assets n/a - - - - -
Tangible assets n/a - - - - -
Heritage assets n/a - - - - -
Investments 17.1 762,681 - - 762,681 754,461
Total fixed assets 762,681 - - 762,681 754,461
Current assets
Stocks n/a - - - - -
Debtors 19 15,078 - - 15,078 47,909
Investments n/a - - - - -
Cash at bank and in hand 24 21,034 - - 21,034 38,463
Total current assets 36,113 - - 36,113 86,372
Creditors: amounts falling due
within one year 20.1 - 19,330 - - - 19,330 - 9,881
Net current assets/(liabilities) 55,443 - - 55,443 96,253
Total assets less current liabilities 818,123 - - 818,123 850,714
Creditors: amounts falling due after
one year n/a - - - - -
Provisions for liabilities - - - - -
Total net assets or liabilities 818,123 - - 818,123 850,714
Funds of the Charity 27.1/2
Endowment funds - 588,731 588,731 588,731
Restricted income funds - - - - -
Unrestricted funds (127,619) - - (127,619) (97,340)
Revaluation reserve 357,012 - - 357,012 359,323
Total funds 229,392 - 588,731 818,123 850,714
Signed by one or two trustees on behalf of all Date of
the trustees Signature Print Name approval
dd/mm/yyyy
Unrestricted funds 2022 Restricted income funds 2022 Endowment funds 2022 Total this year 2022 Total last year 2021
**----- End of picture text -----**
CC17a (Excel) 2 03/12/2023 **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ü * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support _**The Trustees have reasonable confidence that the charity**_ the conclusion that the charity is a going _**has sufficient funds to continue as a going concern**_ concern; Disclosure of any uncertainties that make the _**Not Applicable**_ Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. _**Not Applicable**_ ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. Yes* ü * -Tick as appropriate No* ## _**Please disclose:**_ ## _**(i) the nature of the change in accounting policy;**_ _**Changes notified in 2019-20 accounts. No changes in this Accounting Period**_ _**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant Note Applicable information; and**_ _**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_ _**Not Applicable**_ CC17a (Excel) 3 03/12/2023 ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* ü * -Tick as appropriate No* ## _**Please disclose:**_ **----- Start of picture text -----**
Not Applicable
(i) the nature of any changes;
Not Applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one Not Applicable
or more future periods.
**----- End of picture text -----**
## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). **----- Start of picture text -----**
Yes* ü
* -Tick as appropriate
No*
Please disclose:
Not Applicable
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, Not Applicable
the amount of the correction for each account line
item affected; and
(iii) the amount of the correction at the beginning of Not Applicable
the earliest prior period presented in the accounts.
**----- End of picture text -----**
CC17a (Excel) 03/12/2023 4 ## **Section C Notes to the accounts** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY** **Please provide a description of the nature of each change in accounting** _**Changes and reconciliatio**_ **policy** ## _**Reconcilation of funds per previous GAAP to funds determined under**_ _**Reconciliation of Equity**_ **£ £** **Fund balances as previously stated** _**Adjustments: Derecogition: Agency Funds, Creditors (Refer to Note 8)**_ **Fund balance as restated** - - ## _**Reconcilation of net income/(net expenditure) per previous GAAP to**_ **Year Ended 31 Apr 2019 £** **Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/ (expenditure) as restated** CC17a (Excel) 03/12/2023 5 **(cont)** _f FRS102, requires 3 reconciliations to be presented, if all_ ## **ACCEPTED ACCOUNTING PRACTICE** ## _**ons were provided with 2019-20 accounts.**_ ## _**r FRS 102**_ ## _**net income/(net expenditure) under FRS 102**_ CC17a (Excel) 6 03/12/2023 ## **Section C Not** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied b different or additional policy has been adopted then this is_ |**Recognition of income**|These are included in the Stat| |---|---| ||· the charity becomes ent| ||· it is more likely than not| ||· the monetary value can| ||There has been no ofsetting o| |**Ofsetting**|permitted by the FRS 102 SOR| ||Grants and donations are only| |**Grants and donations**|criteria are met (5.10 to 5.12| ||In the case of performance re| ||that the charity has provided| ||only occurs when the perform| |**Legacies**|Legacies are included in the S| ||grant of probate, the executor| ||estate and any conditions atta| ||charity or have been met.| |**Government grants**|The charity has received gove| ||Gift Aid receivable is included| |**Tax reclaims on**|Any Gift Aid amount recovered| |**donations and gifts**|treated as an addition to the s| ||terms of the appeal have spec| |**Contractual income and**|This is only included in the So| |**performance related**|services or met the performan| |**grants**|| |**Donated goods**|Donated goods are measured
exchanged) unless impractica| ||The cost of any stock of goods| ||the fair value of those gifts at| ||receipt. In the reporting perio| ||as an expense at the carrying| ||Donated goods for resale are| ||expected proceeds from sale| ||from other trading activities' w| ||sheet. On its sale the value o| ||activities' and the proceeds fr| ||activities'.| Goods donated for on-going u and included in the SoFA as in CC17a (Excel) 03/12/2023 7 ||Gifts in kind for use by the cha| |---|---| ||when receivable.| |**Donated services and**|Donated services and facilitie| |**facilities**|the gift to the charity provided| ||Donated services and facilitie| ||with an equivalent amount rec| ||the SOFA.| |**Support costs**|The charity has incurred expe| |**Volunteer help**|The value of any voluntary he
in the trustees’ annual report.| |**Income from interest,**|This is included in the account| |**royalties and dividends**|be measured reliably.| |**Income from membership**|
Membership subscriptions rec| |**subscriptions**|Legacies.| ||Membership subscriptions wh| ||benefts are recognised as inc| ||income from charitable activit| |**Settlement of insurance**
**claims**|Insurance claims are only incl
criteria are met (5.10 to 5.12
in the SoFA.| |**Investment gains and**
**losses**|This includes any realised or u
any gain or loss resulting from| ||year.| |**2.3 EXPENDITURE**|**AND LIABILITIES**| |**Liability recognition**|Liabilities are recognised whe| ||constructive obligation comm| ||the obligation can be measure| |**Governance and support**
**costs**|
Support costs have been alloc
Governance costs comprise a
compliance with regulation an| ||Support costs include central| ||categories on a basis consiste| ||foor areas, or per capita, staf| |**Grants with performance**
**conditions**|
Where the charity gives a gra
service or output to be provid
recipient of the grant has prov| |**Grants payable without**
**performance conditions**|Where there are no conditions
realistically avoid the commitm
recognised.| |**Redundancy cost**|The charity made no redunda| CC17a (Excel) 8 03/12/2023 **Redundancy cost** The charity made no redunda **Deferred income** No material item of deferred i The charity has creditors whic **Creditors** discounts A liability is measured on reco **Provisions for liabilities** measured at the best estimat reporting date The charity accounts for basic **Basic financial** paragraph 11.7 FRS102 SORP. **instruments** 11.19, FRS102 SORP. **2.4 ASSETS Tangible fixed assets for** These are capitalised if they c **use by charity** They are valued at cost. The depreciation rates and me **Intangible fixed assets** The charity has intangible fixe physical substance but are ide or legal rights. The amortisat They are valued at cost. **Heritage assets** The charity has heritage asset scientific, technological, geop maintained principally for the rates and methods used as di They are valued at cost. **Investments** Fixed asset investments in qu valued at initially at cost and end. The same treatment is a measured reliably in which ca Investments held for resale or maturity date of less than 1 y **Stocks and work in** Stocks held for sale as part of **progress** realisable value. Goods or services provided as based on the service potentia Work in progress is valued at Debtors (including trade debto **Debtors** settlement amount after any t they are measured at the cash The charity has investments w **Current asset** equivalents with a maturity da CC17a (Excel) 9 03/12/2023 equivalents with a maturity da equivalents with a maturity da to meet short term cash comm **Current asset investments** They are valued at fair value e **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** **In compliance with Note been derecognised in th** CC17a (Excel) 10 03/12/2023 **tes to the accounts (cont)** _by the charity except for those ticked "No" or "N/a". Where a detailed in the box below._ tement of Financial Activities (SoFA) when: itled to the resources; that the trustees will receive the resources; and be measured with sufficient reliability. of assets and liabilities, or income and expenses, unless required or RP or FRS 102. y included in the SoFA when the general income recognition FRS102 SORP). lated grants, income must only be recognised to the extent the specified goods or services as entitlement to the grant mance related conditions are met (5.16 FRS 102 SORP). SOFA when receipt is probable, that is, when there has been rs have established that there are sufficient assets in the ached to the legacy are either within the control of the ## ernment grants in the reporting period in income when there is a valid declaration from the donor. d on a donation is considered to be part of that gift and is same fund as the initial donation unless the donor or the cified otherwise. FA once the charity has provided the related goods or nce related conditions. at fair value (the amount for which the asset could be al to do so. s donated for distribution to beneficiaries is deemed to be the time of their receipt and they are recognised on od in which the stocks are distributed, they are recognised amount of the stocks at distribution. measured at fair value on initial recognition, which is the less the expected costs of sale, and recognised in 'Income with the corresponding stock recognised in the balance of stock is charged against 'Income from other trading rom sale are also recognised as 'Income from other trading se by the charity are recognised as tangible fixed assets ncoming resources when receivable. **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
**----- End of picture text -----**
CC17a (Excel) 03/12/2023 11 arity are included in the SoFA as income from donations s are included in the SOFA when received at the value of d the value of the gift can be measured reliably. s that are consumed immediately are recognised as income cognised as an expense under the appropriate heading in nditure on support costs. elp received is not included in the accounts but is described **----- Start of picture text -----**
.
**----- End of picture text -----**
ts when receipt is probable and the amount receivable can ceived in the nature of a gift are recognised in Donations and ich gives a member the right to buy services or other come earned from the provision of goods and services as ties. uded in the SoFA when the general income recognition FRS102 SORP) and are included as an item of other income unrealised gains or losses on the sale of investments and m revaluing investments to market value at the end of the re it is more likely than not that there is a legal or itting the charity to pay out resources and the amount of ed with reasonable certainty. cated between governance costs and other support. ll costs involving public accountability of the charity and its nd good practice. functions and have been allocated to activity cost ent with the use of resources, eg allocating property costs by ff costs by the time spent and other costs by their usage. nt with conditions for its payment being a specific level of ed, such grants are only recognised in the SoFA once the vided the specified service or output. s attaching to the grant that enables the donor charity to ment, a liability for the full funding obligation must be ncy payments during the reporting period **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
**----- End of picture text -----**
CC17a (Excel) 12 03/12/2023 ncy payments during the reporting period. ncome has been included in the accounts. **----- Start of picture text -----**
ü
Yes No N/a
ncome has been included in the accounts.
ü
Yes No N/a
ch are measured at settlement amounts less any trade
ü
ognition at its historical cost and then subsequently Yes No N/a
e of the amount required to settle the obligation at the
ü
c financial instruments on initial recognition as per Yes No N/a
. Subsequent measurement is as per paragraphs 11.17 to
ü
can be used for more than one year, and cost at least
Yes No N/a
ü
ethods used are disclosed in note 9.2.
ed assets, that is, non-monetary assets that do not have Yes No N/a
entifiable and are controlled by the charity through custody
ion rates and methods used are disclosed in note 9.5
ü
Yes No N/a
ü
ts, that is, non-monetary assets with historic, artistic,
Yes No N/a
hysical or environmental qualities that are held and
ir contribution to knowledge and culture. The depreciation
ü
sclosed in note 9.6.1.4.
Yes No N/a
ü
oted shares, traded bonds and similar investments are
subsequently at fair value (their market value) at the year Yes No N/a
applied to unlisted investments unless fair value cannot be
ü
se it is measured at cost less impairment.
Yes No N/a
r pending their sale and cash and cash equivalents with a
ear are treated as current asset investments ü
Yes No N/a
f non-charitable trade are measured at the lower or cost or net
ü
Yes No N/a
s part of a charitable activity are measured at net realisable value
l provided by items of stock. ü
Yes No N/a
cost less any foreseeable loss that is likely to occur on the contract.
ü
ors and loans receivable) are measured on initial recognition at Yes No N/a
trade discounts or amount advanced by the charity. Subsequently,
ü
h or other consideration expected to be received.
which it holds for resale or pending their sale and cash and cash Yes No N/a
**----- End of picture text -----**
which it holds for resale or pending their sale and cash and cash ate less than one year These include cash on deposit and cash CC17a (Excel) 13 03/12/2023 ü Yes No N/a except where they qualify as basic financial instruments. ü **e 8, funds received and paid in the capacity of an Agent (ie Creditors) have he Balance Sheet and SoFA with a compensating adjustment in the Reserves.** CC17a (Excel) 03/12/2023 14 **----- Start of picture text -----**
Section C Notes to the accounts (cont)
Note 3 Analysis of income
Analysis £ £
Donations and Donations and gifts 6,613 - - 6,613 6,640
legacies: Gift Aid 661 - - 661 291
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donated goods, facilities and services - - - - -
Other - - - - -
Total 7,274 - - 7,274 6,931
Charitable Donations - Flood Relief (Malawi)
9,366 - - 9,366 80
activities:
Donations - Tiyeni 50 - - 50 -
- - - - -
Other - - - - -
Total 9,416 - - 9,416 80
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 8 - - 8 860
investments: Dividend income 40,055 - - 40,055 23,506
- - - -
VAT Refund - - - - -
Total 40,064 - - 40,064 24,366
Separate Bank Interest Received 34 - - 34 33
material item Sale of Computers - - - - 450
of income: - - - - -
- - - - -
Total 34 - - 34 483
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 56,788 - - 56,788 31,861
Unrestricted funds 2022 Restricted income funds 2022 Endowment funds 2022 Total funds 2022 Prior year 2021
**----- End of picture text -----**
## **Other information:** **All income in the prior year was unrestricted except for: (please provide description and amounts)** Sundry Creditors (Passofundo and Medulawi) Balance = £16649.96 (o/s) excluded from SoFA and Balance Sheet per Note 8. **Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.** **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** n/a n/a All items shown above are considered to be material. CC17a (Excel) 03/12/2023 15 **Section C Notes to the accounts (cont)** **----- Start of picture text -----**
N/A
Note 4 Analysis of receipts of government grants
This year
Description £
Government grant 1 -
Government grant 2 -
Government grant 3 -
Other -
Total -
Last year
Description £
Government grant 1 -
Government grant 2 -
Government grant 3 -
Other -
Total -
This year Last year
Please provide details of
any unfulfilled conditions
and other contingencies
attaching to grants that
have been recognised in
income.
This year Last year
Please give details of other
forms of government
assistance from which the
charity has directly
benefited.
**----- End of picture text -----**
CC17a (Excel) 16 03/12/2023 **Section C Notes to the accounts** ## **Note 5 Donated goods, facilities and services** ## **Seconded staff Use of property Other** **2022 Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.** n/a **Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income.** n/a` 3 x volunteer Trustees 1 x volunteer Board Member/Secretary/ **Please give details of other forms of** Adminstrator/Accounts **other donated goods and services not** 2 x volunteer Board Members 1 x volunteer - Database (Admin & Accounts) **recognised in the accounts, eg** creation and maintenance. **contribution of unpaid volunteers.** 1 x volunteer - Independent examiner CC17a (Excel) 03/12/2023 17 ## **(cont)** |**2022**
**2021**
**£**
**£**|**2022**
**2021**
**£**
**£**| |---|---| |-|-| |-|-| |-|-| |-|-| ||| |**2021**|| |n/a|| n/a n/a 3 x volunteer Trustees 1 x volunteer Board Member/Secretary/ Adminstrator/Accounts 3 volunteer Board Members 1 x volunteer - Database (Admin & Accounts) creation and maintenance. 1 x volunteer - Independent examiner CC17a (Excel) 18 03/12/2023 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** **----- Start of picture text -----**
2022 2021
Analysis
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries
- - - - -
Staging fundraising events
- - - - -
Fudraising agents - - - - -
Operating charity shops
- - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: 863 - - 863 548 548
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 863 - - 863 548 - - 548
Expenditure on charitable activities:
Disbursements to Malawi 86,301 - - 86,301 51,652 - - 51,652
Grant - Project Tiyeni - - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable
activities 86,301 - - 86,301 51,652 - - 51,652
Separate material item of expense
Loss on Sale of Investments - - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Bank Charges 186 - - 186 285 - - 285
Support Costs 3,496 - - 3,496 3,816 - - 3,816
Local Taxes - - - - 3 - - 3
- - - - - - - -
Total other expenditure 3,681 - - 3,681 4,104 - - 4,104
TOTAL EXPENDITURE 90,845 - - 90,845 56,303 - - 56,303
Unrestricted funds 2022 Restricted income funds 2022 Endowment funds 2022 Total funds 2022 Unrestricted funds 2021 Restricted income funds 2021 Endowment funds 2021 Total funds 2021
**----- End of picture text -----**
## **Other information: Analysis of expenditure on charitable activities** **----- Start of picture text -----**
2022 2021
Activity or programme
£ £ £ £ £ £ £ £
Disposal of funds 87,163 - 87,163 52,199 - - 52,199
Other - - 3,681 3,681 - - 4,104 4,104
- - - - - - -
Total 87,163 - 3,681 90,845 52,199 - 4,104 56,303
Activities undertaken directly Grant funding of activities Support Costs Total this year Activities undertaken directly Grant funding of activities Support Costs Total last year
**----- End of picture text -----**
CC17a (Excel) 19 03/12/2023 **Section C Notes to the accounts** |**Note 7 Extraordinary items**|**N/A**| |---|---| |**_Please explain the nature of each extraordinary item occurring in the period_**|| ||**This year**| |**Description**
**Extraordinary item 1**|**£**
-| |**Extraordinary item 2**|-| |**Extraordinary item 3**|-
-| |**Extraordinary item 4**
**Total extrordinary items**|-
-| CC17a (Excel) 20 03/12/2023 ## **N/A** ## _**d.**_ **Last year £** - - - - - - CC17a (Excel) 21 03/12/2023 **Section C Notes to the accounts (cont)** ## **Note 8 Funds received as agent** _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_ **----- Start of picture text -----**
0/S
Amount received Amount paid out Balance held at period end
Description/name of party Related party (Yes or
No) 2022 2021 2022 2021 2022 2021
£ £ £ £ £ £
Medulawi No
(16,997) 12,332 10,345 14,984 (4,000) 2,652
Passofundo No
(9,821) (24,721) 16,194 (5,698) (12,650) (19,023)
0 0 0
0 0 0
0 0 0
Total (26,817) (12,389) 26,539 9,286 (16,650) (16,371)
**----- End of picture text -----**
Medulawi and Passofundo sponsor students in Malawi. The Nchima Trust has an agreement with them to pay the school fees and other allowances of their sponsored students and recover the cost of doing so from them. In practice, the Trust's Administrator calculates the amounts to be paid to the appropriate schools and colleges for the forthcoming school year and notifies the two organisations of the amounts due. Payment from them is received into the Trust's UK bank ac and subsequently transferred to the Trust's Malawi based bank account for payment to the schools and/or students etc. No charges are made by the Trust for this service. The funds received from Passofundo and Medulawi are not part of the income or expenditure of the Trust. They are specifically for the payment of the school fees and allowances of sponsored, named students. These funds, in the context of SORP FRS 102 are reguarded as Restrictred Funds. On receipt of funds into the UK bank Ac funds are credited to Creditors pending transfer to Malawi. At the end of each accounting period not all receipts have been transferred to Malawi. Balances remain (See Table 8.1 above) on the Balance Sheet. Please note that in compliance with the statement made at 8.1 above these balances have been removed from the Balance Sheet and a compensating adjustment has been made to the Reserves. Table 8.1.a. is intended to show the movement on Reserves during the year including an adjustment for the balances shown in Table 8.1. ## **This year: 2022** **----- Start of picture text -----**
Unrestricted Restricted Endowment Total Total
8.1. a. RESERVES RECONCILIATION Funds Funds Funds Funds Funds
Revenue Capital Original
Ac Ac Capital
2022 2022 2022 2022 2022 2021
£ £ £ £ £
Balance b/fwd. (97,340) 359,324 - 588,731 850,714 800,640
Unrealised Gain/(Loss) on Investments. Market Value (67,573) - - (67,573) 67,573
Reverse Prior Year Gain/Loss. Book Cost (16,371) 65,261 - - 48,890 (1,121)
Gain/Loss on Sale of Investments - - - - -
Surplus/(Deficit) for the year (30,558) - - - (30,558) (24,441)
Adjustment:Restricted Funds Balance to Reserves 16,650 - - - 16,650 8,064
Balance c/fwd . (Restated) (127,620) 357,012 - 588,731 818,123 850,714
**----- End of picture text -----**
**Last year: 2021** **----- Start of picture text -----**
Unrestricted Restricted Endowment Total Total
8.1. b. RESERVES RECONCILIATION Funds Funds Funds Funds Funds
Revenue Capital Original
Ac Ac Capital
2021 2000 2021 2000 2021 2000
£ £ £ £ £ £
Balance b/fwd. (80,963) 292,872 - 588,731 800,640 886,826
Unrealised Gain/(Loss) on Investments. Market Value - 67,573 - - 67,573 1,121
Reverse Prior Year Gain/Loss. Book Cost - (1,121) - - (1,121) 52,830
Gain/Loss on Sale of Investments - - - - - (119,109)
Surplus/(Deficit) for the year (24,441) - - - (24,441) (24,854)
Adjustment:Restricted Funds Balance to Reserves 8,064 - - - 8,064 3,826
Balance c/fwd . (Restated) (97,340) 359,324 - 588,731 850,714 800,640
**----- End of picture text -----**
_**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_ **----- Start of picture text -----**
Description/name of party Balance held at period end
2022 2021
£ £
- -
- -
- -
- -
- -
Total - -
**----- End of picture text -----**
CC17a (Excel) 22 03/12/2023 **Section C Notes to the accounts (cont)** ## **Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ ## **Note: Support Costs are not analysed by Activity but are of interest to the various stakeholders of the chariety.** **----- Start of picture text -----**
2022 2022
Support cost Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
494 - - - 494
Admin & Equipt
n/a
12 - - - 12
IT & Tels
n/a
Local Taxes - - - - -
n/a
2,990 - - - 2,990
Volunteers: Allces
n/a
Transport & Travel - - - - -
n/a
3,496 - - - 3,496
Total
**----- End of picture text -----**
Note: Due to COVID 19 there has been no expediture during the year on Transport & Travel. eg Meetings has been conducted "on line". **----- Start of picture text -----**
2021 2021
Support cost Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
202 - - - 202
Admin & Equipt
n/a
604 - - - 604
IT & Tels
n/a
Local Taxes - - - - -
n/a
Volunteers: Allces 3,010 - - - 3,010
See Note 9.a. n/a
Transport & Travel - - - - -
See Note 9.b. n/a
3,816 - - - 3,816
Total
Please provide details of the accounting policy n/a
adopted for the apportionment of costs between
activities and any estimation techniques used to
calculate their apportionment.
Supplementary Notes
9.a. VOLUNTEERS ALLOWANCES 2022 2021
£ £
Posn Pmnt Type
Sec/Administrator Monthly Allowance x 12 2,760.00 2,760.00
Sec/Administrator Refund Expenses
Sec/Administrator Volunteer Bonus 230.00 250.00
Trustee/Chair Refund Expenses - -
Total 2,990.00 3,010.00
**----- End of picture text -----**
**----- Start of picture text -----**
9.,b. TRAVEL COSTS 2022 2021
Posn Mode Dest Event £ £
Trustee - -
Trustee - -
Board Member - -
Sec/Board Member - -
Sec/Board Member - -
Sec/Board Member - -
Board Member - -
Board Member - -
Total - -
**----- End of picture text -----**
There have been no travel costs during the current year. CC17a (Excel) 23 03/12/2023 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**_the appropriate box(es)._**||| |---|---|---| |**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**
**Action**|**2022**
**£**|**2021**
**£**| ||0|0| ||0|0| ||0|0| ||0|0| CC17a (Excel) 24 03/12/2023 ## **Section C Notes to the accounts** **Note 11 Paid employees N/A** _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** **This year £ Salaries and wages** - **Social security costs** - **Pension costs (defined contribution scheme)** - **Other employee benefits** - **Total staff costs** - **This year: Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year: Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** _**Please give details of the number of employees whose total employee benefits (excl pension costs) fell within each band of £10,000 from £60,000 upwards. If there are transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **----- Start of picture text -----**
Band Number of
This year
£60,000 to £69,999 -
£70,000 to £79,999 -
£80,000 to £89,999 -
£90,000 to £99,999 -
£100,000 to £109,999 -
This year
£
Please provide the total amount paid to key management -
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees,
see Note 28.
**----- End of picture text -----**
CC17a (Excel) 25 03/12/2023 ## **11.2 Average head count in the year** **The parts of the charity in which the employees work** **----- Start of picture text -----**
This year
Number
Fundraising -
Charitable Activities -
Governance -
Other -
Total -
**----- End of picture text -----**
## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ |**This year**
**Last year**
**This year**
**Last year**
**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**|**This year**|| |---|---|---| ||**Last year**|| ||**This year**|| ||**Last year**|| |**Please state the amount of the payment (or value of any waiver**
**of a right to an asset)**|**This year**| |---|---| ||**£**
-
| CC17a (Excel) 26 03/12/2023 ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ **This year £ Total amount of payment** - **The nature of the payment (cash, asset etc.) This year £ The extent of redundancy funding at the balance sheet date** - **Please state the accounting policy for any redundancy or termination payments** CC17a (Excel) 27 03/12/2023 ## **(cont)** **Last year £** - - - - - ## _**luding employer no such**_ **----- Start of picture text -----**
employees
Last year
-
-
-
-
-
Last year
£
-
**----- End of picture text -----**
CC17a (Excel) 28 03/12/2023 **Last year Number** - - - - - **----- Start of picture text -----**
Last year
£
-
**----- End of picture text -----**
CC17a (Excel) 29 03/12/2023 **----- Start of picture text -----**
Last year
£
-
Last year
£
-
**----- End of picture text -----**
CC17a (Excel) 30 03/12/2023 **Section C Notes to the accounts (cont)** **----- Start of picture text -----**
N/A
**----- End of picture text -----**
**----- Start of picture text -----**
Note 11 Paid employees
Please complete this note if the charity has any employees.
11.1 Staff Costs
This year Last year
£ £
Salaries and wages - -
Social security costs - -
Pension costs (defined contribution scheme)
Other employee benefits - -
Total staff costs - -
This year:
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related
party
Last year:
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related
party
Please give details of the number of employees whose total employee benefits (excluding employer
pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such
transactions, please enter 'true' in the box provided.
No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
Band Number of employees
This year Last year
£60,000 to £69,999 - -
£70,000 to £79,999 - -
£80,000 to £89,999 - -
£90,000 to £99,999 - -
£100,000 to £109,999 - -
This year Last year
£ £
Please provide the total amount paid to key management - -
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees,
see Note 28.
This year Last year
11.2 Average head count in the year
Number Number
The parts of the charity in which the Fundraising - -
employees work Charitable Activities - -
Governance - -
Other - -
Total - -
**----- End of picture text -----**
**11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **This year Last year** CC17a (Excel) 31 03/12/2023 **Please state the legal authority or reason for making the payment** **This year Last year** CC17a (Excel) 32 03/12/2023 |**Section C Notes to the accounts**|**(cont)**| |---|---| ||**N/A**| |**Note 12 Defned contribution pension scheme or defned beneft scheme accounted for as a**|| |**defned contribution scheme. N/A**|| |**_12.1 Please complete this note if a defned contribution pension scheme is operated._**|| |**Amount of contributions recognised in the SOFA as an expense**
|**This year**
**Last year**
**£**
**£**
- -| |**Please explain the basis for allocating the liability and expense**
**of defned contribution pension scheme between activities and**|| |**_12.2 Please complete this section where the charity participates in_**|**_a defned beneft pension plan but is unable_**| |**_to ascertain its share of the underlying assets and liabilities._**|| |**Please confrm that although the**
**scheme is accounted for as a defned**
**available about the plan's surplus or**
**defcit and the implications, if any, for**
**the reporting charity for this year and**|| |**_12.3 Please complete this section where the charity participates in_**|**_a multi-employer defned beneft pension_**| |**_plan that is accounted for as a defned contribution plan._**
**other entities' obligations under the**
**terms and conditions of the multi-**
**liability arising from an agreement**
**with a multi-employer plan to fund a**
**defcit has been determined. If this is**|| CC17a (Excell) 33 03/12/2023 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year: 2022** ## **13.1 Analysis of grants paid (included in cost of charitable activities)** **----- Start of picture text -----**
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - Nil Nil
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.2 Grants made to institutions
www.nchimatrust.org
Provide details
No
below
Total amount of
Names of institution Purpose
grants paid £
-
-
-
-
-
-
-
-
-
-
Total grants to institutions in reporting period -
Other unanalysed grants -
TOTAL GRANTS PAID -
**----- End of picture text -----**
CC17a (Excel) 34 03/12/2023 ## **Last year: 2021** ## **13.3 Analysis of grants paid (included in cost of charitable activities)** **----- Start of picture text -----**
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £ £ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
**----- End of picture text -----**
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.4 Grants made to institutions** _**Please provide details of charity's My charity has made grants to particular institutions that are material in the URL. context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. Provide details No below**_ **----- Start of picture text -----**
Total amount of
Names of institution Purpose
grants paid £
Nil
-
-
-
-
-
-
-
-
-
Total grants to institutions in reporting period Nil
Other unanalysed grants -
NIl
TOTAL GRANTS PAID
**----- End of picture text -----**
CC17a (Excel) 35 03/12/2023 **Section C Notes to the accounts (cont)** **N/A** ## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ ## **14.1 Cost or valuation** |**Total**
**£**
**£**
**£**
**£**
**£**
At the beginning of the year
- - - - -
Additions
- - - - -
Revaluations
- - - - -
Disposals
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
**14.2 Depreciation and impairments**
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of the year
- - - - -
**14.3 Net book value**
- - - - -
Net book value at the end of the year
- - - - -
**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery**
**and motor**
**vehicles**
**Fixtures,**
**fttings and**
**equipment**
SL or RB
(Straight Line
or Reducing
Balance)
Net book value at the beginning of the
year|**£**
**Freehold land**
**& buildings**|**£**

**Other land &**
**buildings**|**£**
**Plant,**
**machinery**
**and motor**
**vehicles**|**£**
**Fixtures,**
**fttings and**
**equipment**|**Total**
**£**| |---|---|---|---|---|---| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ## **14.4 Impairment** _**This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ _**Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **14.5 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ **This year Last year** _**the effective date of the revaluation**_ _**the name of independent valuer, if applicable**_ CC16a (Excell) 36 03/12/2023 _**the methods applied and significant assumptions the carrying amount that would have been recognised had the**_ - - _**assets been carried under the cost model.**_ ## **14.6 Other disclosures** |**14.6 Other disclosures**||| |---|---|---| |**_(i) Please state the amount of borrowing costs, if any, capitalised in the_**
**_construction of tangible fxed assets and the capitalisation rate used._**
**_(ii) Please provide the amount of contractual commitments for the_**
**_acquisition of tangible fxed assets._**
**_(iii) Details of the existence and carrying amounts of_**
**_property, plant and equipment to which the charity has_**
**_restricted title or that are pledged as security for liabilities._**|**This year**|**Last year**| ||**£**|**£**| ||-|-| ||-|-| |||| - _The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC16a (Excell) 37 03/12/2023 ## **Section C Notes to the accounts (cont)** **N/A** ## **Note 15 Intangible assets** _**Please complete this note if the charity has any intangible assets**_ ## **15.1 Cost or valuation** |**15.1 Cost or valuation**|||||| |---|---|---|---|---|---| ||**Research**||**&**|**Patents and**|**Other**
**Total**| ||**developmen**|||**trademarks**|| |||**t**|||| |||**£**||**£**|**£**
**£**| |At beginning of the year|||-|-|- -| |Additions|||-|-|- -| |Disposals|||-|-|- -| |Revaluations|||-|-|- -| |Transfers *|||-|-|- -| |At end of the year|||-|-|- -| |**15.2 Amortisation and**|**impairments**||||| ||****Basis**
SL|or RB||SL or RB|SL or RB
SL or RB
Straight Line| |At beginning of the year|**** Rate**
||-|-|- -
("SL") or
Reducing
Balance
("RB")| |Disposals|||-|-|- -| |Amortisation|||-|-|- -| |Impairment|||-|-|- -| |Transfers*|||-|-|- -| |At end of year|||-|-|- -| |**15.3 Net book value**|||||| |
Net book value at the beginning|||-|-|- -| |of the year|||||| |
Net book value at the end of the|||-|-|- -| |year|||||| ## **15.4 Accounting policy** _**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates**_ _**Policies for the recognition of any capital development**_ CC16a (Excell) 38 03/12/2023 |**15.5 Impairment**
**This year:**
**Last year:**
**15.6 Revaluation**
**_If an accounting policy of revaluation is adopted, please provide:_**
**This year**
**Last year**
**_the efective date of the revaluation_**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**15.7 Other disclosures**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_the carrying amount that would have been recognised_**
**_had the assets been carried under the cost model._**
**_(i) If your intangible asset was acquired by way of_**
**_grant, provide value on initial recognition and carrying_**
**_amount of the asset._**
**_(ii) Details of the carrying amounts of any intangible_**
**_assets to which the charity has restricted title or that_**
**_are pledged as security for liabilities._**
**_(iii) Please provide the amount of contractual_**
**_commitments for the acquisition of intangible assets._**
**_(iv) State the amount of research and development_**
**_expenditure recognised as expenditure in the year._**
**_(v) Please detail the headings in the SOFA in which a_**
**_charge for amortisation of intangible assets is included._**
**_(vi) For any material intangible assets, please provide_**
**_a description, its carrying amount and any remaining_**
**_amortisation period._**|**15.5 Impairment**
**This year:**
**Last year:**
**15.6 Revaluation**
**_If an accounting policy of revaluation is adopted, please provide:_**
**This year**
**Last year**
**_the efective date of the revaluation_**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**15.7 Other disclosures**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_the carrying amount that would have been recognised_**
**_had the assets been carried under the cost model._**
**_(i) If your intangible asset was acquired by way of_**
**_grant, provide value on initial recognition and carrying_**
**_amount of the asset._**
**_(ii) Details of the carrying amounts of any intangible_**
**_assets to which the charity has restricted title or that_**
**_are pledged as security for liabilities._**
**_(iii) Please provide the amount of contractual_**
**_commitments for the acquisition of intangible assets._**
**_(iv) State the amount of research and development_**
**_expenditure recognised as expenditure in the year._**
**_(v) Please detail the headings in the SOFA in which a_**
**_charge for amortisation of intangible assets is included._**
**_(vi) For any material intangible assets, please provide_**
**_a description, its carrying amount and any remaining_**
**_amortisation period._**|**15.5 Impairment**
**This year:**
**Last year:**
**15.6 Revaluation**
**_If an accounting policy of revaluation is adopted, please provide:_**
**This year**
**Last year**
**_the efective date of the revaluation_**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**15.7 Other disclosures**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_the carrying amount that would have been recognised_**
**_had the assets been carried under the cost model._**
**_(i) If your intangible asset was acquired by way of_**
**_grant, provide value on initial recognition and carrying_**
**_amount of the asset._**
**_(ii) Details of the carrying amounts of any intangible_**
**_assets to which the charity has restricted title or that_**
**_are pledged as security for liabilities._**
**_(iii) Please provide the amount of contractual_**
**_commitments for the acquisition of intangible assets._**
**_(iv) State the amount of research and development_**
**_expenditure recognised as expenditure in the year._**
**_(v) Please detail the headings in the SOFA in which a_**
**_charge for amortisation of intangible assets is included._**
**_(vi) For any material intangible assets, please provide_**
**_a description, its carrying amount and any remaining_**
**_amortisation period._**| |---|---|---| |||| |||| |||| |||| |||| |||| - _The "transfers" row is for movements between fixed asset categories._ - _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC16a (Excell) 39 03/12/2023 **Section C Notes to the accounts (cont) N/A** **Note 16 Heritage assets** _**Please complete this note if the charity has heritage assets**_ |**Section C Notes to the accounts**
**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**Section C Notes to the accounts**
**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**Section C Notes to the accounts**
**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**(cont)**
**N/A**| |---|---|---|---| |**16.1 General disclosures for all charities holding heritage assets**|||| |**(i) Explain the nature and scale of**||**This year**|**Last year**| |**heritage assets held.**|||| |**(ii) Explain the policy for the**|||| |**acquisition, preservation,**|||| |**management and disposal of**|||| |**heritage assets.**|||| |**16.2 Cost or valuation**|||| |At beginning of the year|**£**
**£**
**£**
**£**
- - - -
**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**||**Total**
**£**
-
| |Additions||- - - -|-| |Disposals||- - - -|-| |Revaluations||- - - -|-| |Transfers *||- - - -|-| |At end of the year||- - - -|-| |**16.3 Depreciation and impairments**|||| |****Basis**
**** Rate**|||Straight Line
("SL") or
Reducing
Balance
("RB")| |At beginning of the year||- - - -|-| |Disposals||- - - -|-| |Depreciation||- - - -|-| |Impairment||- - - -|-| |Transfers*||- - - -|-| |At end of year||- - - -|-| |**16.4 Net book value**|||| |
Net book value at the beginning of the||- - - -|-| |year|||| |Net book value at the end of the year
||- - - -|-| |**16.5 Impairment**|||| **This year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ CC16a (Excell) 40 03/12/2023 ## **Last year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **16.6 Revaluation** **----- Start of picture text -----**
If an accounting policy of revaluation is adopted, please provide:
This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
qualifications of independent valuer
the methods applied and significant assumptions
any significant limitations on the valuation
16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation
At valuation At cost Group Total
Group A B
£ £ £
Carrying amount at the beginning of the - - -
period
Additions - - -
Disposals - - -
Depreciation/impairment - - -
Revaluation - - -
Carrying amount at the end of period - - -
**----- End of picture text -----**
## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)** |**(i) Explain the reason why heritage**
**assets have not been recognised on**
**the balance sheet.**
**(ii) Describe the signifcance and**
**nature of heritage assets.**
**(iii) Disclose information that is**
**helpful in assessing the value of**
**heritage assets.**
**(iv) Explain the reason why it is not**
**practicable to obtain a valuation of**
**heritage assets.**|**This year**|**Last year**| |---|---|---| |||| |||| |||| |||| CC16a (Excell) 03/12/2023 41 ## **16.9 Five year summary of heritage assets transactions** **----- Start of picture text -----**
2015 2014 2013 2012 2011
£ £ £ £ £
Purchases
Group A - - - - -
Group B - - - - -
Group C -
Other -
Donations
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total additions - - - - -
Charge for impairment
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total charge for impairment - - - - -
Disposals
Group A - carrying amount - - - - -
Group B - carrying amount - - - - -
Group C - - - - -
Other - - - - -
Total disposals - - - - -
**----- End of picture text -----**
CC16a (Excell) 42 03/12/2023 ## **Section C Notes to the accounts (cont)** **Note 17 Investment assets N/A** _**Please complete this note if the charity has any investment assets.**_ ## **17.1 Fixed assets investments (please provide for each class of investment)** |**Other**
**Total**
754,461 - - - 754,461
- 102,232 - - - 102,232
- - 91,702 - - - - 91,702
**Less: impairments**
- - - - - -
**Add: Reversal of impairments**
- - - - - -
- - - - -
- - 2,311 - - - - 2,311
Carrying (fair) value at end of year
- 762,681 - - - 762,681
n/a
**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
***Please specify additions resulting from**
**acquisitions through business combinations, if**
**any.**|**Cash & cash**
**equivalents**|**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**| |---|---|---|---|---|---|---| |||754,461|-|-|-|754,461| ||-|102,232|-|-|-|102,232| ||-|- 91,702|-|-|-|- 91,702| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||-|-|-|-|-| ||-|- 2,311|-|-|-|- 2,311| ||-|762,681|-|-|-|762,681| |||n/a||||| _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ ## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.** |**2022**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
762,681 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
762,681 -
**Grand total (Fair value at year end+Cost less impairment)**
**762,681**
**Other investments**|**2022**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
762,681 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
762,681 -
**Grand total (Fair value at year end+Cost less impairment)**
**762,681**
**Other investments**|**2022**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
762,681 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
762,681 -
**Grand total (Fair value at year end+Cost less impairment)**
**762,681**
**Other investments**|**2022**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
762,681 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
762,681 -
**Grand total (Fair value at year end+Cost less impairment)**
**762,681**
**Other investments**| |---|---|---|---| ||||| ||**Fair value at year end**|**Cost less impairment**|| ||**£**|**£**|| ||-|-|| ||762,681|-|| ||-|-|| ||-|-|| ||-|-|| ||762,681|-|| ||**762,681**||| |**2021**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
754,461 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
754,461 -
**Grand total (Fair value at year end+Cost less impairment)**
**754,461**
**Other investments**|**2021**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
754,461 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
754,461 -
**Grand total (Fair value at year end+Cost less impairment)**
**754,461**
**Other investments**|**2021**
**Analysis of investments**
**Fair value at year end**
**Cost less impairment**
**£**
**£**
**Cash or cash equivalents**
- -
**Listed investments**
754,461 -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
754,461 -
**Grand total (Fair value at year end+Cost less impairment)**
**754,461**
**Other investments**| |---|---|---| |||| ||**Fair value at year end**|**Cost less impairment**| ||**£**|**£**| ||-|-| ||754,461|-| ||-|-| ||-|-| ||-|-| ||754,461|-| ||**754,461**|| CC17a (Excel) 43 03/12/2023 ## **17.3 If your charity holds investment properties, please complete the following note:** |**(i) Explain the methods and signifcant assumptions in**
**determining the fair value of investment property held by the**
**charity**
**(ii) Name or independent valuer, if applicable, and relevant**
**qualifcations**
**(iii) Provide details of any restrictions on the ability to realise**
**investment property or on the remittance of income or disposal**
**proceeds**
**(iv) Explain any contractual obligations for the purchase,**
**construction or development of investment property or for**
**repairs, maintenance or enhancements**|**2022**|**2121**| |---|---|---| ||n/a|n/a| ||n/a|n/a| ||n/a|n/a| ||n/a|n/a| ## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Analysis of current asset investments**
**2022**
**2121**
**£**
**£**
**Cash or cash equivalents**
15,078 38,463
**Listed investments**
- -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
15,078 38,463
**17.5 Guarantees**
**2022**
**2021**
n/a
n/a
n/a
n/a
**Please explain how the guarantee furthers the charity's aims**
n/a
n/a
**17.6 Concessionary loans**
**_Description_**
**2022**
**2021**
- -
- -
- -
- -
**_Total_**
- -
**_Description_**
**2022**
**2021**
- -
- -
- -
**_Total_**
- -
**Other investments**
**Please provide details and amount of any guarantee made to or**
**on behalf of a third party**
**Name of the entity or entities beneftting from those guarantees**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information_).**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information)._**|**Analysis of current asset investments**
**2022**
**2121**
**£**
**£**
**Cash or cash equivalents**
15,078 38,463
**Listed investments**
- -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
15,078 38,463
**17.5 Guarantees**
**2022**
**2021**
n/a
n/a
n/a
n/a
**Please explain how the guarantee furthers the charity's aims**
n/a
n/a
**17.6 Concessionary loans**
**_Description_**
**2022**
**2021**
- -
- -
- -
- -
**_Total_**
- -
**_Description_**
**2022**
**2021**
- -
- -
- -
**_Total_**
- -
**Other investments**
**Please provide details and amount of any guarantee made to or**
**on behalf of a third party**
**Name of the entity or entities beneftting from those guarantees**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information_).**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information)._**|**Analysis of current asset investments**
**2022**
**2121**
**£**
**£**
**Cash or cash equivalents**
15,078 38,463
**Listed investments**
- -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
15,078 38,463
**17.5 Guarantees**
**2022**
**2021**
n/a
n/a
n/a
n/a
**Please explain how the guarantee furthers the charity's aims**
n/a
n/a
**17.6 Concessionary loans**
**_Description_**
**2022**
**2021**
- -
- -
- -
- -
**_Total_**
- -
**_Description_**
**2022**
**2021**
- -
- -
- -
**_Total_**
- -
**Other investments**
**Please provide details and amount of any guarantee made to or**
**on behalf of a third party**
**Name of the entity or entities beneftting from those guarantees**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information_).**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information)._**|**Analysis of current asset investments**
**2022**
**2121**
**£**
**£**
**Cash or cash equivalents**
15,078 38,463
**Listed investments**
- -
**Investment properties**
- -
**Social investments**
- -
- -
**Total**
15,078 38,463
**17.5 Guarantees**
**2022**
**2021**
n/a
n/a
n/a
n/a
**Please explain how the guarantee furthers the charity's aims**
n/a
n/a
**17.6 Concessionary loans**
**_Description_**
**2022**
**2021**
- -
- -
- -
- -
**_Total_**
- -
**_Description_**
**2022**
**2021**
- -
- -
- -
**_Total_**
- -
**Other investments**
**Please provide details and amount of any guarantee made to or**
**on behalf of a third party**
**Name of the entity or entities beneftting from those guarantees**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information_).**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate provided_**
**_that such aggregation does not obsure signifcant_**
**_information)._**| |---|---|---|---| ||**_Description_**|**2022**|**2021**| |||-|-| |||-|-| |||-|-| |||-|-| ||**_Total_**|-|-| ||||| ||**_Description_**|**2022**|**2021**| |||-|-| |||-|-| |||-|-| ||**_Total_**|-|-| CC17a (Excel) 03/12/2023 44 **----- Start of picture text -----**
2022 2021
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Amounts payable within 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Amounts receivable after more than 1 year
17.7 Additional information
2022 2021
Investments are managed by the Charity's Investments are managed by the Charity's
Please provide information about the significance stockbroker and the risk is managed through the stockbroker and the risk is managed through the
of investments to the charity's financial position selection of stocks in line with a risk profile selection of stocks in line with a risk profile
or performance eg. terms and conditions of loans agreed between the Broker and the Trustees. agreed between the Broker and the Trustees.
or the use of hedging to manage financial risk. Dividend income is used to fund its activities Dividend income is used to fund its activities
Market Value per Stockbrokers Portfolio Market Value per Stockbrokers Portfolio
For all investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
n/a n/a
Where a charity has provided financial assets as a
form of security, the carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge.
Analysis of Net Gains/(Losses) per SoFA: n/a n/a
Realised Gains/(Losses)
Unrealised Gains/(Losses)
Analysis of Net Gains/(Losses) per SoFA: £ £
Realised Gains/(Losses) - -
Unrealised Gains/(Losses) - 2,311 66,451
Totals - 2,311 66,451
**----- End of picture text -----**
CC17a (Excel) 03/12/2023 45 **Section C Notes to the accounts (cont)** ## **Note 18 Stocks** ## **N/A** ## _**Please complete this note if the charity holds any stock items**_ ## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.** |**Stock**
**Donated goods**
**For resale**
**For resale**
**£**
**£**
**£**
**£**
**£**
**Charitable activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other trading activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Total this year**
- - - - -
**_Total previous year_**
- - - - -
**This year**
**Last year**
**£**
**£**
**activities.**
**Work in**
**progress**
**For**
**distribution**
**For**
**distribution**
**18.2 Please specify the carrying amount of**|**Stock**|**Stock**|**Donated goods**|**Donated goods**|**Work in**
**progress**| |---|---|---|---|---|---| ||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**|| ||**£**|**£**|**£**|**£**|**£**| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||-|-|-|-|-| ||-|-|-|-|-| |||**This year**||**Last year**|| |||**£**||**£**|| ||||||| ## **18.2 Please specify the carrying amount of any stocks pledged as security for liabilities** CC17a 46 03/12/2023 ## **Section C Notes to the accounts** ## **Note 19 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_ |**Note 19 Debtors and prepayments**
**_Please complete this note if the charity_**
**_has any debtors or prepayments._**||| |---|---|---| |**19.1 Analysis of debtors**
Sharp & Co (Stockbroker)
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**2022**
**£**|**2021**
**£**| ||15,078|47,909| ||-|-| ||-|-| ||-|-| ||15,078|47,909| _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**2022**
**£**|**2021**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| CC17a (Excel) 03/12/2023 47 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and Accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors (Specifc Purpose Funds)**
**Total**
**Payments received on account for contracts or**
**performance-related grants**|**Amounts falling due**
**within one year**|**Amounts falling due**
**within one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**| |---|---|---|---|---| ||**2022**
**£**|**2021**
**£**|**2022**
**£**|**2021**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||19,330|9,881|-|-| ||19,330|9,881|-|-| 20.1.a. Please refer to Note 8 for further information relating to Creditors/Receipts and Payments made as an Agent. ## **20.2 Deferred income** ## **n/a** ## _**Please complete this note if the charity has deferred income.**_ **----- Start of picture text -----**
2022 2021
2022 2021
£ £
- -
- -
- -
- -
**----- End of picture text -----**
_**Please explain the reasons why income is deferred.**_ _**Movement in deferred income account**_ **Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period** CC17a (Excel) 48 03/12/2023 **Section C Notes to the accounts (cont)** **Note 21 Provisions for liabilities and charges** _**N/A Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_ **21.1 Movements in recognised provisions and funding commitment during the period** |**21.1 Movements in recognised provisions and funding commitment during the period**
**_charity has a liability of uncertain timing or amount._**|**21.1 Movements in recognised provisions and funding commitment during the period**
**_charity has a liability of uncertain timing or amount._**||| |---|---|---|---| |**This year**
**Last year**
**£**
**£**
**Balance at the start of the reporting period**
- -
**Amounts added in current period**
- -
**Amounts charged against the provision in the current period**
- -
**Unused amounts reversed during the period**
- -
**Balance at the end of the reporting period**
- -
**21.2 Please provide:**
**This year**
**Last year**
**This year**
**Last year**
**- a brief description of any obligations on the**
**balance sheet and the expected amount and timing**
**of resulting payments;**
**- an indication of the uncertainties about the**
**amount or timing of those outfows; and**
**- the amount of any expected reimbursement,**
**stating the amount of any asset that has been**
**recognised for that expected reimbursement.**
**21.3 For any funding commitment that is not**
**recognised as a liability or provision, provide**
**details of commitment made, the time frame of that**
**commitment, any performance-related conditions**
**and details of how the commitment will be funded**
**(with contracts for capital expenditure separately**
**identifed).**
**21.4 Where unrestricted funds have been**
**designated to a fund commitment, please disclose**
**the nature of any amounts designated and the**
**likely timing of that expenditure.**||**This year**
**£**|**Last year**
**£**| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||||| CC17a (Excel) 49 03/12/2023 ## **Section C Notes to the accounts (cont)** ## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments** |**2022**
**2021**
**_n/a_**
**_n/a_**
**22.1 Please provide information about the**
**signifcance of fnancial instruments (eg. debtors,**
**creditors, investments etc) to the charity's**
**fnancial position or performance, for example, the**
**terms and conditions of loans or the use of**
**hedging to manage fnancial risk.**
There are no loan arrangements in
place. Investments are managed by the
Charity's stockbroker and the risk is
managed through the selection of
stocks in line with a risk profle agreed
between the Broker and the Trustees.
There are no loan arrangements in
place. Investments are managed by the
Charity's stockbroker and the risk is
managed through the selection of stocks
in line with a risk profle agreed
between the Broker and the Trustees.
**22.2 If the charity has provided fnancial assets as**
**a form of security, the carrying amount of the**
**fnancial assets pledged as security and the terms**
**and conitions related to its pledge should be given**
**here.**|**2022**|**2021**| |---|---|---| ||There are no loan arrangements in
place. Investments are managed by the
Charity's stockbroker and the risk is
managed through the selection of
stocks in line with a risk profle agreed
between the Broker and the Trustees.|
There are no loan arrangements in
place. Investments are managed by the
Charity's stockbroker and the risk is
managed through the selection of stocks
in line with a risk profle agreed
between the Broker and the Trustees.| ||**_n/a_**|**_n/a_**| CC17a (Excel) 50 03/12/2023 **Section C Notes to the accounts (cont)** ## **Note 23 Contingent liabilities and contingent assets** **----- Start of picture text -----**
N/A
**----- End of picture text -----**
## **23.1 Contingent liabilities** **----- Start of picture text -----**
Where the charity has contingent liabililities, please complete the following section unless the
possibility of their existence is remote.This year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in connection
to the liability.
Last year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in connection
to the liability.
23.2 Contingent assets
Where the charity has contingent assets, please complete the following section when their existence is
probableThis year
Description of item Estimate of financial effect
Last year
Description of item Estimate of financial effect
23.4 Other disclosures for contingent assets and/or liabilities
Please provide the following information where practicable:
This year Last year
Explain any uncertainties relating to the amount or
timing of settlement; and the possibilty of any
reimbursement
Where it is not practical to make one or more of
these disclosures, please state this fact
**----- End of picture text -----**
CC17a (Excel) 03/12/2023 51 **Section C Notes to the accounts** ## **Note 24 Cash at bank and in hand** ## **Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand (see Note 24.a.) Other Total** 24.a. CASH & BANK ACCOUNTS Balances as at 30th April: Cash Lloyd’s PayPal FMB Sterling Balance c/fwd . CC17a (Excel) 52 03/12/2023 ## **(c** **----- Start of picture text -----**
2022 2021
£ £
- -
- -
21,034 38,463
- -
21,034 38,463
**----- End of picture text -----**
**----- Start of picture text -----**
2022 2021
£ £
- -
12,132 11,772
- -
8,903 26,691
21,034 38,463
**----- End of picture text -----**
CC17a (Excel) 53 03/12/2023 ## **Section C Notes to the accounts (cont)** **Note 25 Fair value of assets and liabilities** |**2022**
**2021**
None
None
**25.1 Please provide details of the charity's**
**exposure to credit risk (the risk of incurring a**
**loss due to a debtor not paying what is owed) ,**
**liquidity risk (the risk of not being able to meet**
**short term fnancial demands) and market risk**
**(the risk that the value of an investment will fall**
**due to changes in the market) arising from**
**fnancial instruments to which the charity is**
**exposed at the end of the reporting period and**
**explain how the charity manages those risks.**
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
**25.2 Please give details of the amount of change**
**in the fair value of basic fnancial instruments**
**(debtors, creditors, investments (see section 11,**
**FRS 102 SORP)) measured at fair value through**
**the SoFA that is attributable to changes in credit**
**risk.**|**2022**
**2021**
None
None
**25.1 Please provide details of the charity's**
**exposure to credit risk (the risk of incurring a**
**loss due to a debtor not paying what is owed) ,**
**liquidity risk (the risk of not being able to meet**
**short term fnancial demands) and market risk**
**(the risk that the value of an investment will fall**
**due to changes in the market) arising from**
**fnancial instruments to which the charity is**
**exposed at the end of the reporting period and**
**explain how the charity manages those risks.**
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
**25.2 Please give details of the amount of change**
**in the fair value of basic fnancial instruments**
**(debtors, creditors, investments (see section 11,**
**FRS 102 SORP)) measured at fair value through**
**the SoFA that is attributable to changes in credit**
**risk.**|**2022**
**2021**
None
None
**25.1 Please provide details of the charity's**
**exposure to credit risk (the risk of incurring a**
**loss due to a debtor not paying what is owed) ,**
**liquidity risk (the risk of not being able to meet**
**short term fnancial demands) and market risk**
**(the risk that the value of an investment will fall**
**due to changes in the market) arising from**
**fnancial instruments to which the charity is**
**exposed at the end of the reporting period and**
**explain how the charity manages those risks.**
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
The only material risk of this kind is exposure
to movement in the stock market. However,
the expenditure is such that we will always
have sufcient to complete and close of any
ongoing liabilites eg fees for education
**25.2 Please give details of the amount of change**
**in the fair value of basic fnancial instruments**
**(debtors, creditors, investments (see section 11,**
**FRS 102 SORP)) measured at fair value through**
**the SoFA that is attributable to changes in credit**
**risk.**| |---|---|---| ||None
|None| CC17a (Excel) 03/12/2023 54 **Section C Notes to the accounts (cont)** **Note 26 Events after the end of the reporting period** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_ ## **N/A** **This year Last year Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made** CC17a (Excel) 03/12/2023 55 **Section C Notes to the accounts** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period - 2022** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ **----- Start of picture text -----**
Fund Fund
Type balances balances
PE, EE
R or Purpose and Restrictions brought Gains and carried
UR * forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Original Capital EE Value of Investment on setting up Trust 588,731 - - - - 588,731
Revenue Ac U Losses/Gains from I & E Ac (97,340) 56,788 (87,347) 279 - (127,619)
Capital Ac U Movements in value of investments 359,323 (2,311) 357,012
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/A N/A - - - - - -
Total Funds 850,714 56,788 (87,347) (2,032) - 818,124
**----- End of picture text -----**
CC17a (Excel) 56 03/12/2023 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period - 2021** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ **----- Start of picture text -----**
Fund Fund
Type balances balances
PE, EE
R or UR Purpose and Restrictions brought Gains and carried
* forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Original Capital EE Value of Investment on setting up Trust 588,731 - - - - 588,731
Revenue Ac U Losses/Gains from I & E Ac (80,963) 31,862 (56,303) 8,064 - (97,340)
Capital Ac U Movements in value of investments 292,872 - 66,451 359,323
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/A N/A - - - - - -
Total Funds 800,640 31,862 (56,303) 8,064 66,451 850,714
**----- End of picture text -----**
CC17a (Excel) 03/12/2023 57 ## **Section C Notes to the accounts (cont)** **----- Start of picture text -----**
N/A
Note 27 Charity funds
(cont)
27.3 Transfers between funds
This year
Reason for transfer and where endowment is converted to Amount
Between unrestricted and income, legal power for its conversion
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
Last year
Reason for transfer and where endowment is converted to Amount
Between unrestricted and income, legal power for its conversion
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
27.4 Designated funds
This year
Planned use Purpose of the designation Amount
Last year
Planned use Purpose of the designation Amount
**----- End of picture text -----**
CC17a (Excel) 58 03/12/2023 ## **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** ## **2022** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **----- Start of picture text -----**
1
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ **----- Start of picture text -----**
Amounts paid or benefit value
Remune-ration Pension Redund-ancy Other TOTAL
Legal authority (eg contri-bution (including
Name of trustee order, governing loss of
document) office)/ex
gratia
£ £ £ £ £
- - - - [ - ]
- - - - [ - ]
- - - - [ - ]
- - - - [ - ]
**----- End of picture text -----**
_**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **2022** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **----- Start of picture text -----**
1
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ **----- Start of picture text -----**
Amounts paid or benefit value
Remuneration Pension Redundancy Other TOTAL
Legal authority (eg contribution (including
Name of trustee order, governing loss of
document) office)/ex
gratia
£ £ £ £
- - - - [ - ]
- - - - [ - ]
- - - - [ - ]
- - - - [ - ]
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
**----- End of picture text -----**
## **28.2 Trustees' expenses** CC17a (Excel) 59 03/12/2023 _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **----- Start of picture text -----**
No trustee expenses have been incurred (True or False) in 2022 1
This year Last year
Type of expenses reimbursed
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): Replacement Hard Drive - -
- -
TOTAL - -
Please provide the number of trustees reimbursed for expenses or who
had expenses paid by the charity 0 0
**----- End of picture text -----**
## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **2022** **----- Start of picture text -----**
There have been no related party transactions in the reporting period (True or False) 1
Amounts
Name of the trustee Relationship Description of the Amount Balance at Provision for bad written off during
or related party to charity transaction(s) period end debts at period end
reporting
period
£ £ £ £
In relation to the transactions above, please provide the
terms and conditions, including any security and the
N/A
nature of any payment (consideration) to be provided in
settlement.
For any related party, please provide details of any
N/A
guarantees given or received.
**----- End of picture text -----**
CC17a (Excel) 60 03/12/2023 ## **2022** **----- Start of picture text -----**
There have been no related party transactions in the reporting period (True or False) 1
Amounts
Name of the trustee Relationship Description of the Amount Balance at Provision for bad written off during
or related party to charity transaction(s) period end debts at period end
reporting
period
£ £ £ £
In relation to the transactions above, please provide the
terms and conditions, including any security and the N/A
nature of any payment (consideration) to be provided in
settlement.
For any related party, please provide details of any
N/A
guarantees given or received.
**----- End of picture text -----**
CC17a (Excel) 61 03/12/2023 ## **ote 29 Additional Disclosures** CC17a (Excel) 62 03/12/2023 **Section C Notes to the accounts** ## **Note 29 Additional Disclosures** **separate sheet.** CC17a (Excel) 63 03/12/2023 Nchima Trust Accounting Year= iz Basis of independent Exarninerfs Report My examination wa5 carried out in accordance with the general directions given by the charity Commission. An exarnination Includes 3 re￿eW of the accounting ￿CordS kept by the tharity and a comparison of the accounts presented with those record5. It a150 includes consideration of any unusual items or di5chJsures in the accounts. Examination of the invettments held bythe Trust has been completed bLrt the detail of the donations received, disbursements to Malawi and the 8eneral UK expenses has not been verified. The procedures undertaken do not provide all the evidence that would be required in an audit and tonsequently no opinion is gwen as to whether the accounts Pfesent a true and fair view and the report is limited to those matter5 Set out in the statement below. Independerf Examinerfs Statement. In connertion wr(h our examination. no matter has come to my attention111 which give5 rne reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 41 of the 1993 act.. and to prepare accounts whKh are called with the xcounting records and comply wr(h Ihe accounting requlrernents of ihe 1993 art have not been met,. or121 to which, in my oplnion. 3ttentlOn should be drawn in order to enable a proper understandin8 of the accouThts to be reached Si8ned.. Name.. Anne Flllts Date: