2025-04-30-accounts - The Nchima Trust

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THE NCHIMA TRUST

REPORT OF THE TRUSTEES

30TH APRIL 2025

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 currently support 163 students at all levels beyond Primary School. Our numbers have declined because we now provide tertiary students with upkeep grants.

We are well supported by Passo Fundo, 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. We have implemented new systems which allow us to operate more efficiently.

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.

Our portfolio is valued at market prices with any necessary adjustments made to the capital account. We are very grateful to those who made donation. A little goes a long way in Malawi – it is very good value for money.

Whilst Malawi continues to struggle with significant levels of poverty and challenging economic conditions, Nchima’s work (with its partners), and commitment remains undiminished, as it strives to continue to support Malawians through education and to deliver other projects.

Alastair Scarborough

Chair

The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	The Nchima Trust Annual accounts for theperiod 1-May-24 To Charity No (if any) Period start date Period end date _—~~—~~ FOR ENGLAND AND WALES	1072974 30-Apr-25
Section A Statement of financial activities The Nchima Trust Statement of Financial Activities 30th April 2025 Unrestricted funds 2025 Restricted income funds 2025 Endowment funds						2025		Total funds 2025	Prior year funds 2024
	£ ~~a~~		£		£			£	£
Incoming resources (Note 3)	Note
Income and endowments from:	3
Donations and legacies Charitable activities	60,824 - - 60 - - - - - ~~ee~~ ~~a~~	824 - - 60 - - - - -	824 - - 60 - - - - -	824 - - 60 - - - - -	824 - - 60 - - - - -	824 - - 60 - - - - -	824 - - 60 - - - - -	824 - - 60,824 14 - - - - -	824 14,070 - - - - -
Other trading activities Investments Separate material item of income Other *Total* Resources expended (Note 6)	- - - - - 27,609 - - 27,609 26,727 - - - - 22 - - - - - 88,433 - - 88,433 40,819 6 ~~ase~~ ~~es~~ ~~a~~ ~~ee ee~~ ~~rr rr~~ ~~ee~~ ~~ee~~ ~~eee~~
Expenditure on:
Raising funds	1,586 - - 1	586 - - 1	586 - - 1	586 - - 1	586 - - 1	586 - - 1	586 - - 1	586 - - 1,586 735	586 735
Charitable activities	63,500 - - 63	500 - - 63	500 - - 63	500 - - 63	500 - - 63	500 - - 63	500 - - 63	500 - - 63,500 85	500 85,490
Separate material item of expense	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -
Other	7,324 - - 7	324 - - 7	324 - - 7	324 - - 7	324 - - 7	324 - - 7	324 - - 7	324 - - 7,324	3,159
*Total*	72,409 - - 72	409 - - 72	409 - - 72	409 - - 72	409 - - 72	409 - - 72	409 - - 72	409 - - 72,409 89	409 89,384

Net income/(expenditure) before	Net income/(expenditure) before
investment gains/(losses)	16,023 - -	023 - -	023 - -	023 - -	023 - -	023 - -	023 - -	16,023	(48,565)
Net gains/(losses) on investments	17.7 1,679 - -	679 - -	679 - -	679 - -	679 - -	679 - -	679 - -	1,679	(16,203)
Net income/(expenditure)	17,702 - -	702 - -	702 - -	702 - -	702 - -	702 - -	702 - -	17,702	(64,768)
Extraordinary items	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -
Transfers between funds		- -	- -	- -	- -	- -	- -	0	0
Other recognised gains/(losses):
Gains and losses on revaluation of fixed	Gains and losses on revaluation of fixed
assets for the charity’s own use	0				-	-	-	0 -	0 -
Other gains/(losses)	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -
*Net movement in funds*	17,702				-	-	-	17,702	(64,768)
Adjustment to Reserves	27 - - -	- - -	- - -	- - -	- - -	- - -	- - -	0	0
*Reconciliation of funds:*
Total funds brought forward	27 627,615 -	615 -	615 -	615 -				627,615	692,383
*Total funds carried forward*	645,317 -	317 -	317 -	317 -			0	645,317	627,615

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Section B Balance sheet	Section B Balance sheet	Section B Balance sheet	Section B Balance sheet	Section B Balance sheet	Section B Balance sheet
The Nchima Trust Balance Sheet 30th April 2025	Unrestricted funds 2025	Restricted income funds 2025	Endowment funds 2025	Total this year 2025	Total last year 2024
	£	£	£	£	£

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	564,952	-	-	564,952	603,628
	564,952	-	-	564,952	603,628

	-	-	-	-	-
	48,605	-	-	48,605	17,227
	-	-	-	-	-
	31,760	-	-	31,760	6,760
	80,365	-	-	80,365	23,987

	-	-	-	-

	80,365	-	-	80,365	23,987

	645,317	-	-	645,317	627,615

	-	-	-	-	-
	-	-	-	-	-

	645,317	-	-	645,317	627,615

	-		- 588,731	(588,731)	(588,731)
	-	-	-	-	-
	255,520	-	-	255,520	271,543
	(312,106)	-	-	(312,106)	(310,427)
	(56,586)	-	(588,731)	(645,317)	(627,615)

	Signature		Print Name		Date of approval dd/mm/yyyy

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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:

and with*

the Statement of Recommended Practice: Accounting and Reporting by Charities ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019

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.*

-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 has the conclusion that the charity is a going sufficient funds to continue as a going concern concern; Disclosure of any uncertainties that make the Not Applicable going concern assumption doubtful;

Where accounts are not prepared on a going Not Applicable 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.

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 No	ü		* -Tick as appropriate

Please disclose:

Changes notified in 2019-20 accounts. No (i) the nature of the change in accounting policy; changes in this Accounting Period (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; Note Applicable and

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(iii) the amount of the adjustment for each line affected in Not Applicable 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.

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:

*Please disclose:*
*(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*	*Not Applicable*
*(iii) where practicable, the effect of the change in one or* *more future periods.*	*Not Applicable*

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No	ü		* -Tick as appropriate

Please disclose:

*Please disclose:*
*(i) the nature of the prior period error;*	*Not Applicable*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*	*Not Applicable*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*	*Not Applicable*

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03/23/2026

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

----- Start of picture text -----
Please provide a description of the nature
Changes and reconciliations were provided with 2019-20 accounts.
of each change in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
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 net income/(net expenditure) under FRS 102
----- End of picture text -----

£ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
ü
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a

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ü
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
ü
Yes No N/a

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Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. ü Debtors Yes No N/a ü Current asset investments Yes No N/a ü Yes No N/a They are valued at fair value except where they qualify as basic financial instruments. ü Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE In compliance with Note 8, funds received and paid in the capacity of an Agent (ie Creditors) have been derecognised in the Balance Sheet and SoFA with a compensating adjustment in the Reserves.			ü
	Yes No N/a
		ü
	Yes No N/a
			ü
	Yes No N/a
			ü

In compliance with Note 8, funds received and paid in the capacity of an Agent (ie Creditors) have been derecognised in the Balance Sheet and SoFA with a compensating adjustment in the Reserves.

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Section C	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)
Note 3 Analysis of income Analysis £ £ Donations andgifts 60,043 - - 60,043 10,944 Gift Aid 781 - - 781 3,126 Legacies - - - - - - - - - - - - - - Donatedgoods,facilities and services - - - - - Other - - - - - Total60,824 - - 60,824 14,070 Donations - Flood Relief (Malawi) - - - - Donations - Tiyeni - - - - - - - - - - Other - - - - - Total- - - - - - - - - - - - - - - - - - - - Other - - - - - Total- - - - - Interest income 4,764 - - 4,764 4,117 Dividend income 22,845 - - 22,845 22,611 Other - - - - - - - - - Total27,609 - - 27,609 26,727 Bank Interest Received - - - - 22 Sale of Computers - - - - - - - - - - - - - - - Total- - - - 22 Other: Conversion of endowment funds into income - - - - - - - - - - - - - - - - - - - - Other - - - - - Total- - - - - TOTAL INCOME 88,433 - - 88,433 40,819 Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Prior year 2024 Donations and legacies: General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Charitable activities: Other trading activities: Income from investments: Separate material item of 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	Analysis of income Analysis £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Prior year 2024
	Donations andgifts	60,043	-	-	60,043	10,944
	Gift Aid	781	-	-	781	3,126
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations		-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	60,824	-	-	60,824	14,070

	Donations - Flood Relief (Malawi)		-	-	-	-
	Donations - Tiyeni	-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	4,764	-	-	4,764	4,117
	Dividend income	22,845	-	-	22,845	22,611
	Other		-	-	-	-
		-	-	-	-	-
	Total	27,609	-	-	27,609	26,727

	Bank Interest Received	-	-	-	-	22
	Sale of Computers	-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	22

	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	-	-	-	-	-

		88,433	-	-	88,433	40,819

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts)

Sundry Creditors (Passofundo and Medulawi) Balance = £12,944(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.

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Section C Notes to the accounts (cont) N/A

Note 4 Analysis of receipts of government grants

Government grant 1 Government grant 2 Government grant 3 Other Government grant 1 Government grant 2 Government grant 3 Other *Please provide details of any* *unfulfilled conditions and* *other contingencies attaching* *to grants that have been* *recognised in income.* *Please give details of other* *forms of government* *assistance from which the* *charity has directly benefited.*	Description This year £	Description This year £	Description This year £
			-
			-
			-
			-
	Total Description		-
			Last year £
			-
			-
			-
			-
	Total- Thisyear Lastyear		-

	Thisyear Lastyear

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff Use of property Other	2025	2025 2024 £ £	2025 2024 £ £
		-	-
		-	-
		-	-
		-	-

		2024
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	n/a	n/a
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.
	n/a`	n/a

	3 x volunteer Trustees 1 x volunteer Board Member/Secretary/ Adminstrator/Accounts 2 x volunteer Board Members 1 x volunteer - Database (Admin & Accounts) creation and maintenance. 1 x volunteer - Independent examiner	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

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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024	2025 2024 £ £ Unrestricted funds 2025 Restricted income funds 2025 Endowment funds 2025 Total funds 2025 Unrestricted funds 2024 Restricted income funds 2024 Endowment funds 2024 Total funds 2024
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:	1,586	-	-	1,586	735	-	-	735
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	1,586	-	-	1,586	735	-	-	735
Expenditure on charitable activities:
Disbursements to Malawi	63,500	-	-	63,500	85490.44	-	-	85,490
Project Tiyeni		-	-	-		-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	63,500	-	-	63,500	85,490	-	-	85,490
Separate material item of expense
		-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
Bank Charges	2,818	-	-	2,818	528	-	-	528
Support Costs	1,160	-	-	1,160	2,631	-	-	2,631
Local Taxes	3,345	-	-	3,345		-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	7,324	-	-	7,324	3,159	-	-	3,159
	72,409	-	-	72,409	89,384	-	-	89,384

Other information:

Analysis of expenditure on charitable activities

	2025	2025	2025	2025	2024	2024	2024	2024
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Disposal of funds	65,086	-		65,086	86,225	-		86,225
Other	-	-	7,324	7,324	-	-	3,159	3,159
	-	-		-	-	-		-
Total	65,086	-	7,324	72,409	86,225	-	3,159	89,384

CC17a (Excel)

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Section C Notes to the accounts

N/A

Note 7 Extraordinary items N/A

*Please explain the nature of each extraordinary item occurring in the period.* Description This year Last year £ £ Extraordinary item 1 - - Extraordinary item 2 - - - - Extraordinary item 3 - - Extraordinary item 4 - - Total extrordinary items - -	*Please explain the nature of each extraordinary item occurring in the period.* Description This year Last year £ £ Extraordinary item 1 - - Extraordinary item 2 - - - - Extraordinary item 3 - - Extraordinary item 4 - - Total extrordinary items - -	*Please explain the nature of each extraordinary item occurring in the period.* Description This year Last year £ £ Extraordinary item 1 - - Extraordinary item 2 - - - - Extraordinary item 3 - - Extraordinary item 4 - - Total extrordinary items - -	*Please explain the nature of each extraordinary item occurring in the period.* Description This year Last year £ £ Extraordinary item 1 - - Extraordinary item 2 - - - - Extraordinary item 3 - - Extraordinary item 4 - - Total extrordinary items - -
		-	-

		-	-
		-	-
		-	-

		-	-
		-	-

CC17a (Excel)

03/23/2026

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.

0/S

		Amount received	Amount received	Amountpaid out	Amountpaid out	Balance held atperiod end	Balance held atperiod end
Description/name of party	Related party (Yes or No)	2025	2024	2025	2024	2025	2024
		£	£	£	£	£	£
Medulawi	No	9,872	21,765	(13,937)	(22,633)	(0)	4,065
Passofundo	No	16,191	10,687	(25,070)	(10,772)	0	8,878
Ojeni	No	1,720	-	1,720	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
Total		27,783	32,452	(37,287)	(33,405)	(0)	12,944

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: 2025

This year: 2025
8.1. a. RESERVES RE	CONCILIATION	Unrestricted Funds		Restricted Funds	Endowment Funds	Total Funds	Total Funds
		Revenue Ac	Capital Ac		Original Capital
		2025	2025	2025	2025	2025	2024
		£	£	£	£	£	£
Balance b/fwd.		271,543	(310,427)	-	(588,731)	(627,615)	(688,060)
Unrealised Gain/(Loss)on Investments. Market Value			16,202	-	-	16,202	81,912
Reverse Prior Year Gain/Loss. Book Cost				-	-	0	(178,839)
Gain/Loss on Sale of Investments			-	-	-	-	-
Surplus/(Deficit)for theyear		48,565	-	-	-	48,565	92,604
Adjustment:Restricted Funds Balance to Reserves		-	-	-	-	-	0
Balance c/fwd .(Restated)		320,108	(294,225)	-	(588,731)	(562,848)	(692,383)
Last year: 2024
8.1. b. RESERVES RE	CONCILIATION	Unrestricted Funds		Restricted Funds	Endowment Funds	Total Funds	Total Funds
		Revenue Ac	Capital Ac		Original Capital
		2024	2024	2024	2024	2024	2023
		£	£	£	£	£	£
Balance b/fwd.		222,978	(326,629)	-	(588,731)	(692,382)	(818,124)
Unrealised Gain/(Loss)on Investments. Market Value			16,202	-	-	16,202	81,912
Reverse Prior Year Gain/Loss. Book Cost				-	-	0	(48,774)
Gain/Loss on Sale of Investments			-	-	-	-	-
Surplus/(Deficit)for theyear		48,565	-	-	-	48,565	92,604
Adjustment:Restricted Funds Balance to Reserves		0	-	-	-	0	0
Balance c/fwd .(Restated)		271,543	(310,427)	-	(588,731)	(627,615)	(692,382)

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.

Description/name ofparty	Balance held atperiod end	Balance held atperiod end
	2025	2024
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

CC17a (Excel)

03/23/2026

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 charity.

	2025	2025	2025	2025	2025	2025
Support cost (examples)		Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Admin & Equipt	223	-	-	-	223	n/a
IT & Tels	766	-	-	-	766	n/a
Local Taxes		-	-	-	-	n/a
Volunteers: Allces		-	-	-	-	n/a
Transport & Travel	171	-	-	-	171	n/a
Total	1,160	-	-	-	1,160

	2024	2024	2024	2024	2024	2024
Support cost (examples)		Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Admin & Equipt		-	-	-	-	n/a
IT & Tels		-	-	-	-	n/a
Local Taxes		-	-	-	-	n/a
Volunteers: Allces See Note 9.a.	1,610	-	-	-	1,610	n/a
Transport & Travel See Note 9.b.	1,021	-	-	-	1,021	n/a
Total	2,631	-	-	-	2,631

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

n/a

Supplementary Notes

9.a. VOLUNTEERS ALLOWANCES	9.a. VOLUNTEERS ALLOWANCES	2025	2024
		£	£
Posn	Pmnt Type
Sec/Administrator	MonthlyAllowance x 12	-	1,610.00
Sec/Administrator	Refund Expenses
Sec/Administrator	Volunteer Bonus
Trustee/Chair	Refund Expenses	-	-
Total		-	1,610.00

9.,b. TRAVEL COSTS				2025	2024
Posn	Mode	Dest	Event	£	£
Trustee	Air	Malawi	Liazon	170.99	1,021.00
Trustee				-	-
Board Member				-	-
Sec/Board Member				-	-
Sec/Board Member				-	-
Sec/Board Member				-	-
Board Member				-	-
Board Member				-	-
Total				170.99	1,021.00

Note: There were no travel costs in 2022.

CC17a (Excel)

03/23/2026

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).

*appropriate box(es).*
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Action	2025 £	2024 £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 11 Paid employees N/A

Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits Total staff costs This year:	This year £	Last 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	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	-	-

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.	Thisyear	Lastyear
	£	£
	-	-

CC17a (Excel)

03/23/2026

11.2 Average head count in the year The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	-	-
Governance	-	-
Other	-	-
Total	-	-

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

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

Please state the amount of the payment (or value of any waiver of a right to an asset)	Thisyear	Lastyear
	£ -	£ -

CC17a (Excel)

03/23/2026

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment The extent of redundancy funding at the balance sheet date The nature of the payment (cash, asset etc.) Please state the accounting policy for any redundancy or termination payments	Thisyear	Lastyear
	£ -	£ -



	Thisyear	Lastyear
	£ -	£ -

CC17a (Excel)

03/23/2026

----- Start of picture text -----
Section C Notes to the accounts (cont)
N/A
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
----- End of picture text -----

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band	Band	Number of employees	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		-	-

11.2 Average head count in the year Fundraising Charitable Activities Governance Other Total 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. The parts of the charity in which the employees work
		Thisyear	Lastyear
		£	£
		-	-

		This year Number	Last year Number
	Fundraising	-	-
	Charitable Activities	-	-
	Governance	-	-
	Other	-	-
	Total	-	-

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

CC17a (Excel)

03/23/2026

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

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

N/A

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme. N/A

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense	Thisyear	Lastyear
	£	£
	-	-

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities. Please confirm that although the available about the plan's surplus or scheme is accounted for as a defined deficit 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 defined benefit pension plan that is accounted for as a defined contribution plan. entities' obligations under the terms and liability arising from an agreement with conditions of the multi-employer plan. If a multi-employer plan to fund a deficit has been determined. If this is different

CC17a (Excell)

03/23/2026

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: 2025

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Activityorproject 1	-	-	-	-
Activityorproject 2	-	-	-	-
Activityorproject 3	-	-	-	-
Activityorproject 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
		No	*Provide details* *below*

Names of institution	Purpose		Total amount of grantspaid £
			-
			-
			-
			-
			-
			-
			-
			-
			-
			-
*Total grants to institutions in reporting period* *Other unanalysed grants* *TOTAL GRANTS PAID*			-
			-
			-

CC17a (Excel)

03/23/2026

Last year: 2023

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	£ Grants to institutions	Grants to individuals £	Support costs £	Total £
Activityorproject 1	-	-	-	-
Activityorproject 2	-	-	-	-
Activityorproject 3	-	-	-	-
Activityorproject 4	-	-	-	-
*Total*	-	-	-	-

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 URL. My charity has made grants to particular institutions that are material in the 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

Names of institution	Purpose	Total amount of grantspaid £
		Nil
		-
		-
		-
		-
		-
		-
		-
		-
		-
*Total grants to institutions in reporting period* *Other unanalysed grants* *TOTAL GRANTS PAID*		Nil
		-
		NIl

CC17a (Excel)

03/23/2026

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

£ Freehold land & buildings	£ Other land & buildings	£ Plant, machinery and motor vehicles	£ Fixtures, fittings and equipment	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL or RB	SL or RB


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-

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

CC16a (Excell)

03/23/2026

*If an accounting policy of revaluation is adopted, please provide:* *the effective date of the revaluation* *the name of independent valuer, if applicable* *the methods applied and significant assumptions* *the carrying amount that would have been recognised had the* *assets been carried under the cost model.*	Thisyear Lastyear	Thisyear Lastyear



	-	-

14.6 Other disclosures

14.6 Other disclosures
*(i) Please state the amount of borrowing costs, if any, capitalised in the* *construction of tangible fixed assets and the capitalisation rate used.* *(ii) Please provide the amount of contractual commitments for the acquisition* *of tangible fixed 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.*	Thisyear	Lastyear
	£	£
	-	-
	-	-

* 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)

03/23/2026

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

Other Total £ £ £ £ 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 Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* Straight Line ("SL") or Reducing Balance ("RB") Net book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ 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 Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* Straight Line ("SL") or Reducing Balance ("RB") Net book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ 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 Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* Straight Line ("SL") or Reducing Balance ("RB") Net book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ 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 Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* Straight Line ("SL") or Reducing Balance ("RB") Net book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ 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 Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* Straight Line ("SL") or Reducing Balance ("RB") Net book value at the beginning of the year Net book value at the end of the year
SL or RB	SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-
-	-	-	-

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)

03/23/2026

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 effective 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.*



	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)

03/23/2026

Section C Notes to the accounts (cont) N/A

Note 16 Heritage assets

Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

This year Last year

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

£ Heritage asset 1	£ Heritage asset 2	£ Heritage asset 3	£ Heritage asset 4	Total £	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
					Straight Line ("SL") or Reducing Balance ~~(~~"~~RB~~"~~)~~

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-	-
-	-	-	-	-

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)

03/23/2026

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

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

This year Last year

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

£ At valuation Group A	£ At cost Group B	Total £
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

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 significance 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)

03/23/2026

16.9 Five year summary of heritage assets transactions

	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
	-	-	-	-	-
	-	-	-	-	-
	-
	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

CC16a (Excell)

03/23/2026

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)

Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
-	603,628	-	-	-	603,628
-	9,159	-	-	-	9,159
-	- 49,514	-	-	-	- 49,514
-	.	-	-	-	-
-	-	-	-	-	-
	-	-	-	-	-
-	1,679	-	-	-	1,679
-	564,952	-	-	-	564,952

	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.

2024 Analysis of investments Cash or cash equivalents Listed investments Investment properties Social investments Total Grand total (Fair value at year end+Cost less impairment) 2023 Analysis of investments Cash or cash equivalents Listed investments Investment properties Social investments Total Grand total (Fair value at year end+Cost less impairment) Other investments Other investments	Fair value at year end Cost less impairment £ £ 48,605 - 564,952 - - - - - - -	Fair value at year end Cost less impairment £ £ 48,605 - 564,952 - - - - - - -	Fair value at year end Cost less impairment £ £ 48,605 - 564,952 - - - - - - -

	Fair value at year end	Cost less impairment
	£	£
	48,605	-
	564,952	-
	-	-
	-	-
	-	-
	613,557	-
	613,557
	Fair value at year end Cost less impairment £ £ 130,064 - 542,443 - - - - - - - 672,507 - 672,507

	Fair value at year end	Cost less impairment
	£	£
	130,064	-
	542,443	-
	-	-
	-	-
	-	-
	672,507	-
	672,507

CC17a (Excel)

03/23/2026

17.3 If your charity holds investment properties, please complete the following note:

ete the following note:
2025	2024
n/a	n/a
n/a	n/a
n/a	n/a
n/a	n/a

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications (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

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments Cash or cash equivalents Listed investments Investment properties Social investments Total 17.5 Guarantees Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims 17.6 Concessionary loans *Total* *Total* Other investments Please provide details and amount of any guarantee made to or on behalf of a third party *Amount of concessionary loans made (Multiple loans* made may be disclosed in aggregate provided that such** aggregation does not obsure significant information). *Amount of concessionary loans received(Multiple* loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information).**	2025	2024	2024
	£	£
	48,605	130,064
	-	-
	-	-
	-	-
	-	-
	48,605	130,064

	2025	2024
	n/a	n/a
	n/a	n/a
	n/a	n/a

	*Description*	2025	2024
		-	-
		-	-
		-	-
		-	-
*Total*		-	-

	*Description*	2025	2024
		-	-
		-	-
		-	-
*Total*		-	-

CC17a (Excel)

03/23/2026

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 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
	2025		2024







Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. 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: Realised Gains/(Losses) Unrealised Gains/(Losses)	2025		2024
	Investments are managed by the Charity's stockbroker and the risk is managed through the selection of stocks in line with a risk profile agreed between the Broker and the Trustees. Dividend income is used to fund its activities		Investments are managed by the Charity's stockbroker and the risk is managed through the selection of stocks in line with a risk profile agreed between the Broker and the Trustees. Dividend income is used to fund its activities
	Market Value per Stockbrokers Portfolio		Market Value per Stockbrokers Portfolio
	n/a		n/a
	n/a		n/a
Analysis of Net Gains/(Losses) per SoFA: Realised Gains/(Losses) Unrealised Gains/(Losses) Totals		£ - 16,202 16,202		£ - 16,202 16,202

CC17a (Excel)

03/23/2026

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	Stock	Donatedgoods	Donatedgoods	Work in progress
For distribution	For resale	For distribution	For resale
£	£	£	£	£

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

	Thisyear		Lastyear
	£		£

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

03/23/2026

CC17a

Section C Notes to the accounts (cont

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	2025 £	2024 £
	48,605	17,227
	-	-
	-	-
	-	-
	48,605	17,227

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	2025 £	2024 £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

03/23/2026

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

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
2025 £	2024 £	2025 £	2024 £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
		-	-
-	-	-	-

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.* 2025 *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
2025	2024


	2025 £	2024 £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

03/23/2026

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

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: Thisyear Thisyear - 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 outflows; 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 identified). 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 £
	-	-
	-	-
	-	-
	-	-
	-	-
	Lastyear



Thisyear	Lastyear

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.	2025	2024
	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 profile 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 profile agreed between the Broker and the Trustees.

	*n/a*	*n/a*

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

N/A

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of This their existence is remote.year

hisyear heir existence is remote.
Description of item including its legal nature. Please	Estimate of financial effect
describe any security provided in connection to the
liability.

Last year

Description of item including its legal nature. Please Estimate of financial effect 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 This yearprobable

Last year

Description of item Estimate of financial effect 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

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (

Note 24 Cash at bank and in hand

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	2025	2024
	£	£
	-	-
	-	-
	31,760	6,760
	-	-
	31,760	6,760

24.a. CASH & BANK ACCOUNTS Balances as at 30th April:
	2025	2024
	£	£
Cash	-	-
Lloyd’s	31,399	481
PayPal	190	49
FMB Sterling	171	6,229
Balance c/fwd .	31,760	6,760

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

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 financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial 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.	2025 2024	2025 2024
	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 sufficient to complete and close off 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 sufficient to complete and close off any ongoing liabilites eg fees for education

	None	None

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

N/A

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.

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	Thisyear Lastyear	Thisyear Lastyear

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont) Note 27 Charity funds 27.1 Details of material funds held and movements during the CURRENT reporting period - 2025

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

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	£ Fund balances brought forward	Income £	Expenditure £	Transfers £	£ Gains and losses	£ Fund balances carried forward
Original Capital	EE	Value of Investment on settingupTrust	(588,731)	-	-	-	-	(588,731)
Revenue Ac	U	Losses/Gains from I & E Ac	271,543	(88,433)	72,409			255,520
Capital Ac	U	Movements in value of investments	(310,427)	-	-	-	16,203	(294,224)
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/A	N/A	-	-	-	-	-	-
Total Funds			(627,615)	(88,433)	72,409	0	16,203	(627,435)

CC17a (Excel)

03/23/2026

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 - 2024

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	£ Fund balances brought forward	Income £	Expenditure £	Transfers £	£ Gains and losses	£ Fund balances carried forward
Original Capital	EE	Value of Investment on settingupTrust	(588,731)	-	-	-	-	(588,731)
Revenue Ac	U	Losses/Gains from I & E Ac	222,978	(40,819)	89,384			271,543
Capital Ac	U	Movements in value of investments	(326,630)	-	-	0	16,203	(310,427)
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/A	N/A	-	-	-	-	-	-
Total Funds			(692,383)	(40,819)	89,384	0	16,203	(627,615)

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont) N/A Note 27 Charity funds (cont) 27.3 Transfers between funds This year

Thisyear
	Reason for transfer and where endowment is converted to income,	Amount
Between unrestricted and restricted funds	legal power for its conversion
Between endowment and restricted funds
Between endowment and unrestricted funds

Last year

Lastyear
	Reason for transfer and where endowment is converted to income,	Amount
Between unrestricted and restricted funds	legal power for its conversion
Between endowment and restricted funds
Between endowment and unrestricted funds

27.4 Designated funds Thisyear	27.4 Designated funds Thisyear	27.4 Designated funds Thisyear
Planned use	Purpose of the designation	Amount






Lastyear
Planned use	Purpose of the designation	Amount

CC17a (Excel)

03/23/2026

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

2025

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)

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1
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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.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remune-ration	Pension contri-bution	Redund-ancy (including loss of office)/ex gratia	Other	TOTAL
£	£	£	£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

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.

2023

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)

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

CC17a (Excel)

03/23/2026

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.

28.2 Trustees' expenses

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".

*enter "False".*
No trustee expenses have been incurred (True or False) in 2023		0

Type of expenses reimbursed	This year	Last year
	£	£
Travel	1,193	Nil
Subsistence	-	-
Accommodation	-	-
Other (please specify): Replacement Hard Drive	-	-
	-	-
TOTAL	1,193	Nil
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	1	0

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.

2023

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or related party	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
	£	£	£	£




*In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in settlement.* *For any related party, please provide details of any* *guarantees given or received.*
	N/A

	N/A

CC17a (Excel)

03/23/2026

2023

2023	2023	2023	2023	2023	2023
There have been no related party transactions in the reporting period (True or False)						1

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end		Amounts written off during reporting period
			£	£	£		£




*In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in settlement.* *For any related party, please provide details of any* *guarantees given or received.*
			N/A

			N/A

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

CC17a (Excel)

03/23/2026

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

CC17a (Excel)

03/23/2026

Nchima Trust rn . Accounting Year: 4O hon | wos

Basis of independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts.

Examination of the investments held by the Trust has been completed but the detail of the donations received, disbursements to Malawi and the general UK expenses has not been verified. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement.

In connection with our examination, no matter has come to my attention (1) which gives me reasonable cause to believe that in any material respect the requirements:

e to keep accounting records in accordance with section 41 of the 1993 act; and
e to prepare accounts which are called with the accounting records and comply with the accounting requirements of the 1993 act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

sone Si

Name: Anne Fillis