2023-08-31-accounts

CHARITY REGISTRATION NUMBER: 1080687

Lifeline Fund

Financial Statements

For the year ended 31 August 2023

Lifeline Fund

Financial Statements

Year ended 31 August 2023

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|||||||| |---|---|---|---|---|---|---| |Pages| |Trustees’|annual|report|1to5| |Independent auditor's|report|to|the members|6to9| |Statement|of financial|activities|10| |Statement of financial|position|11| |Statement of cash flows|12| |Notes|to|the financial|statements|13|to|18|

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Lifeline Fund

eee—$———— The trustees present their report and the financial statements of the charity for the year ended 31 August 2023.

Trustees' Annual Report

Year ended 31 August 2023

Reference and administrative details

Registered charityname	Lifeline Fund
Charity registration number	1080687
Principal office	6 HallGreen Lane
	Fenstanton
	Cambridgeshire
	PE28 9JH
The trustees	J Charter
	MrN Fernandez
	MrA Stephens
	Mr D Moore
	Mrs SAGlew	(Servedfrom 22 March2023 to 11 July 2023)
Auditor	Streets AuditLLP Chartered Accountants&	& Statutory Auditor
	3 Wellbrook Court
	Girton
	Cambridge
	CB3 0ONA
Bankers	Lloyds Bankple Gonville Place
	Cambridge
	CB2 1BQ
Solicitors	TaylorVinters Merlin Place
	Milton Road
	Cambridge
	CB4ODP

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Lifeline Fund

Trustees' Annual Report (continued)

Year ended 31 August 2023

Eee Achievements and future plans

Achievements and performance

The charity was set up to aid the relief of poverty in Malawi. The charity achieves this through the care and education of orphans and vulnerable children.

The charity has 12 centres throughout southern Malawi. It currently has approximately 3,000 children and vulnerable adults under its umbrella of care. The charity provides shelter, clothing, food, healthcare and education for its beneficiaries. Four schools, three healthcare clinics and a girls' hostel have already been built. The skills training centre in construction last year was completed and opened. The purpose of this centre is to provide vocational training courses for individuals who have been through our program but, for various reasons, were unable to finish school. We trained 120 students during the six months that the centre was open in tailoring and motor mechanics skills with 100% pass rate in a Malawi government accredited qualification.

In addition, our relief program caters for 1,500+ babies, elderly and handicapped people providing maize, blankets, roofing materials, seed and fertiliser etc.

The cost of maize, which is a staple food, doubled. Maize was bought at the start of the season to offset these rises, and support was provided to the staff at the centres to give thema stable price,

Plans for future periods

The trustees are committed to continue working on the existing projects and to seek further ways to alleviate poverty and suffering in Malawi. For example, the rising cost of living is impacting all aspects of our work. The cost of fertilizer rose prohibitively putting it out of the reach of rural farmers relying on subsistence living. Plans are in place to educate rural farmers in sustainable farming practices that will eliminate their dependency on artificial fertilizers. We aim to train lead farmers ultimately reaching 3,500 rural farmers.

At the skills training centre in Namisu, new courses in welding fabrication and hair and beauty will be added next year.

The trustees are aware of the challenges caused by reduced income and increasing costs. They will prioritise projects to balance income with expenditure.

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Lifeline Fund

Trustees’ Annual Report (continued)

Year ended 31 August 2023

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Structure, governance and management

Status

The charity was established by trust deed on 25 April 2000 and was registered with the Charity Commission, number 1080687, on 12 May 2000 under the name "Aquaid Lifeline Fund". In January 2021, the trustees changed the name to "Lifeline Fund".

Note, the charity changed its name to "Maziko Trust" in April 2023, and then reverted back to "Lifeline Fund" in May 2023, following push-back from donors.

Trustees

There shall be at least three trustees who are appointed in accordance with the trust deed. When appointing trustees, the current trustees shall consider how he or she will make a contribution to the pursuit of the objects or the management of the charity. No person may be eligible to act as a trustee unless he or she has attained the age of eighteen years. The trustees shall hold at least two meetings in each year.

Organisational structure

The trustees determine the general policy of the organisation. The day to day management of the charity is delegated to trustee J Charter.

Risk management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate any exposure to such risks.

Objectives and activities

The objects of the charity are the relief of poverty and the advancement of education of children and other needy people in Malawi. The objects are achieved largely by making grants to AquAid Lifeline Malawi, an independent charity based in Malawi, which is responsible for the day-to-day relief work.

In the exercise of our powers to that end we have paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011

Financial review

Reserves

The charity's free reserves are represented by its unrestricted net assets of £334,810, as of 31st August 2023.

The level of free reserves is targeted to cover approximately three months of project expenditure, which the trustees regard as prudent.

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Lifeline Fund

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Trustees’ Annual Report (continued)

Year ended 31 August 2023

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Financial review (continued)

Principal funding sources

The charity receives the majority of its income by way of donations from Cooleraid Limited and also receives significant donations from Aquaid Franchising; Inkorporate; Dalitso, Arbroath; St Marys Church Hitchin; Spring Lake Church Wisconsin and Citystay Cambridge. The trustees are extremely grateful for this support and for the support of all of the charity's donors.

Investment powers

These are governed by the trust deed which permits any investments held in the name of any clearing bank, any trust corporation or any stockbroking company which is a member of the Stock Exchange.

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

. select suitable accounting policies and then apply them consistently; : observe the methods and principles in the applicable Charities SORP; . make judgments and accounting estimates that are reasonable and prudent; : state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; . prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 201 1, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Lifeline Fund

Year ended 31 August 2023 iasn

Trustees’ Annual Report (continued)

The trustees’ annual report was approved onalict. Mass aoortand signed on behalf of the board of trustees by:

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J Charter Trustee

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Independent Auditor's Report to the Members of Lifeline Fund

Lifeline Fund

Year ended 31 August 2023 Seeeenn eee Opinion

We have audited the financial statements of Lifeline Fund (the 'charity') for the year ended 31 August 2023 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice),

In our opinion the financial statements:

• . give a true and fair view of the state of the charity's affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice:

‘ have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concer basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concer are described in the relevant sections of this report.

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Lifeline Fund

Independent Auditor's Report to the Members of Lifeline Fund (continued)

Year ended 31 August 2023

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Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a materia! misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

. the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or ’ adequate accounting records have not been kept; or : the financial statements are not in agreement with the accounting records and returns; or : we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concen and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report to the Members of Lifeline Fund (continued)

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Lifeline Fund

Year ended 31 August 2023

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Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• ° the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• ° we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the charity and sector in which it operates;

• ° we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• ° we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• ° identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

• We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• ° making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• ° considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

• To address the risk of fraud through management bias and override of controls, we:

• . performed analytical procedures to identify any unusual or unexpected relationships; ° tested journal entries to identify unusual transactions;

• ° assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• ° investigated the rationale behind significant or unusual transactions.

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Lifeline Fund

Independent Auditor's Report to the Members of Lifeline Fund (continued)

Year ended 31 August 2023 Se Se a

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• ° agreeing financial statement disclosures to underlying supporting documentation; ° reading the minutes of meetings of those charged with governance; ° enquiring of management as to actual and potential litigation and claims; and ° reviewing correspondence with HMRC, relevant regulators and the charity's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Streets Audit LLP Chartered Accountants & Statutory Auditor 3 Wellbrook Court Girton Cambridge CB3 ONA

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Lifeline Fund

Statement of Financial Activities

Year ended 31 August 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |=| |2023|2022| |Unrestricted|Restricted| |Note|funds|funds|Total funds|Total funds| |Income|and|endowments|£|-|£|£| |Donations|and legacies|4|1,185,877|254,199|1,440,076|1,224,714| |Investment|income|5|26|~|26|4| |Total income|1,185,903|254,199|1,440,102|1,224,718| |Expenditure| |Expenditure|on|charitable|activities|6,7|1,133,076|269,331|1,402,407|1,205,720| |Total expenditure|1,133,076|269,331|1,402,407|1,205,720| |Net income and net movement in|funds|52,827|(15,132)|37,695|18,998| |Reconciliation|of funds| |Total|funds brought forward|281,983|15.505|297,488|278,490| |Total funds carried|forward|334,810|373|335,183|297,488|

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 13 to 18 form part of these financial statements. eeEE eee ="

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Lifeline Fund

Statement of Financial Position

31 August 2023 peEea

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Note|£|£|Pe|a| |Fixed|assets| |Tangible|fixed|assets|11|-|221| |Current|assets| |Debtors|12|41,329|49,043| |Cash|at bank|and|in hand|298,406|250,204| |339,735|299,247| |Creditors:|amounts|falling|due|within| |one|year|13|4,552|1,980| |Net|current|assets|335,183|297,267| |Total|assets|less|current|liabilities|335,183|297,488| |Net|assets|335,183|297,488| |Funds|of the|charity| |Restricted|funds|373|15,505| |Unrestricted|funds|334,810|281,983| |Total|charity funds|14|335,183|297,488|

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These financial statements were approved by the board of trustees and authorised for issue onSktNnsy oeo-tand are signed on behalf of the board by:

J Charter Trustee

Nene TeenieThe eee notes onne pages 13 to 18 form part of these——————————————————— financial statements. EEE

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Lifeline Fund

Statement of Cash Flows

Year ended 31 August 2023

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Cash|£|fs| |flows|from|operating|activities| |Net income|37,695|18,998| |Adjustments|for:| |Depreciation|of tangible|fixed|assets|221|222| |Other|interest receivable|and|similar income|(26)|(4)| |Accrued|expenses|8,127|3,185| |Changes|in:| |Trade and|other creditors|2,159|-| |Cash generated|from|operations|48,176|22,401| |Interest|received|26|4| |Net cash from|operating|activities|48,202|22,405| |Net|increase|in cash|and cash|equivalents|48,202|22,405| |Cash|and cash equivalents|at beginning of year|250,204|227,799| |Cash and cash equivalents|at end of year|298,406|250,204|

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The notes on pages 13 to 18 form part of these financial statements. SSeee eee

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Lifeline Fund

Notes to the Financial Statements

Year ended 31 August 2023 seiaee a SS

1. General information

The charity is a public benefit entity as defined by FRS 102.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue as a going concern.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

There are no judgements (apart from those involving estimations) that management has made in the process of applying the charity's accounting policies.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds are unrestricted funds that have been set aside by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds are set out in the notes to the accounts.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

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Lifeline Fund

Notes to the Financial Statements (continued)

Year ended 31 August 2023

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3. Accounting policies (continued)

Incoming resources (continued)

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• investment income is recognised in the accounts on a receivable basis.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred.

Charitable expenditure comprises those costs incurred by the charity in furtherance of the charity's objectives and represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirement of the charity and include accountancy fees and costs linked to the strategic management of the charity. Grants payable are included in the Statement of Financial Activities when they have been committed by the trustees.

Tangible assets

All fixed assets are initially recorded at cost or, in cases where fixed assets have been donated to Aquaid Lifeline Fund, at fair value at the time of gift.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures & fittings - 33% straight line

Value added tax

As the majority of the charity's activities are classified as exempt or non-business activities for the purposes of value added tax, the charity is not value added tax registered. Expenditure in these financial statements is therefore shown inclusive of value added tax.

Taxation

No provision has been made for tax as the charity is a registered charity and is therefore exempt.

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Lifeline Fund

Notes to the Financial Statements (continued)

Year ended 31 August 2023 ceNaeee ee 4. Donations and legacies

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
				£	£	£
F
		Donations
		Donations Donations from Cooleraid Limited		395,262 729,403	242,882 -	638,144 729,403
		Donations from AquaidFranchising Limited Gift aid		31,200 30,012	- 11,317	31,200 41,329
				1,185,877	254,199	1,440,076
				Unrestricted	Restricted	TotalFunds
				Funds	Funds	2022
				£	£	£
		Donations
		Donations Donations from Cooleraid Limited		302,739 637,074	204,184 -	506,923 637,074
		Donations from Aquaid Franchising Limited Gift aid		31,200 35,157	— 14,360	31,200 49,517
				1,006,170	218,544	1,224,714
	5.	Investment income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£5	£
		Bank interest receivable	26	26	4	4
	6.	Expenditure on charitable activities by fund type
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
				£	£	£
		Donations to projectwork Support costs		1,130,504 2572	269,331 =	1,399,835 23572
				1,133,076	269,331	1,402,407
				Unrestricted	Restricted	TotalFunds
				Funds	Funds	2022
				£	£	£
		Donations to projectwork Support costs		964,917 2,190	238,613 =	1,203,530 2,190
				967,107	238,613	1,205,720

The donations to project work represent the grants paid to Aquaid Lifeline Malawi, an independent charity based in Malawi which is responsible for the day to day relief work.

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Lifeline Fund

Notes to the Financial Statements (continued)

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Year ended 31 August 2023

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7. Expenditure on charitable activities by activity type

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|||||||| |---|---|---|---|---|---|---| |Activities| |undertaken|Total|funds|Total|fund| |directly|Support|costs|2023|2022| |Donations|£|£|£|£| |to project work|1,399,835|-|1,399,835|1,203,530| |Govemance|costs|-|23572|2.572|2,190| |1,399,835|2,572|1,402,407|1,205,720| |8.|Auditors|remuneration| |2023|2022| |Fees|£|£| |payable|for the|audit of the|financial|statements|25572|2,190| |9.|Trustee remuneration|and|expenses|

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The trustees, received no remuneration, benefits or claimed any expenses from the charity.

10. Staff costs

No salaries or wages were paid to employees, including the trustees, during the year.

11. Tangible fixed assets

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||||||| |---|---|---|---|---|---| |Fixtures|and| |fittings| |Cost|£| |At|1|September 2022|and|31 August 2023|665| |Depreciation| |At|1|September 2022|444| |Charge|for|the|year|221| |At 31|August|2023|665| |Carrying|amount| |At 31|August|2023|=| |At 31|August 2022|221| |12.|Debtors| |2023|2022| |£|£,| |Prepayments|and accrued|income|41,329|49,043|

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Lifeline Fund

Notes to the Financial Statements (continued)

Year ended 31 August 2023 eea SS 13. Creditors: amounts falling due within one year

	2023	2022
	£	Be
Trade creditors	2,159	-
Accruals and deferred income	2,393	1,980
	4,552	1,980

14. Analysis of charitable funds

Unrestricted funds
	At
	1 September			At31 August
	2022	Income	Expenditure	2023
	£	£	£	£
General funds	281,983	1,185,903	(1,133,076)	334,810
	At
	1 September			At31 August
	2021	Income	Expenditure	2022
	£	£	i	£
General funds	242,916	1,006,174	(967,107)	281,983
Restricted funds
	At
	1 September			At31 August
	2022	Income	Expenditure	2023
	£	£	£	£
Gomani fund	133577	35,186	(33,281)	15,482
Dalitso Project MissionGuides USA	928 1,000	145,963 42,450	(146,511) (58,939)	380 (15,489)
BEIT Trust Fund	-	30,600	(30,600)	-
	15,505	254,199	(269,331)	373
	At
	1 September			At31 August
	2021	Income	Expenditure	2022
	£	£	£	£
Gomani fund	20,788	22,928	(30,139)	135577
Dalitso Project MissionGuides USA	474 14,312	155,943 39,673	(155,489) (52,985)	928 1,000
BEIT Trust Fund	-	-	-	-
	35,574	218,544	(238,613)	15,505

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Lifeline Fund

Notes to the Financial Statements (continued)

Year ended 31 August 2023

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14. Analysis of charitable funds (continued)

During the year the charity received a number of donations which were to be passed onto Aquaid Lifeline Malawi to fund specific projects as follows:

The Gomani fund is for the on-going running of the Philip Veale Children's Centre.

The Dalitso project is dedicated to the care and financial support of two AquAid Centres - Kambilonjo and Thyolo. The funds are received from various supporters as well as fund-raising events. The Mission Guides USA fund (formally "Springlake fund") is for the ongoing monthly running costs of two centres in Funsani and Lisungwe. The fund was showing a deficit at the balance sheet date due to the timing of receiving funds and was subsequently restored post year end,

The BEIT Trust Fund is dedicated to the construction of two semi-detached teacher's houses for Chikowa Secondary School.

15. Analysis of net assets between funds

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2023| |Tangible|fixed|assets|5|-|£|-|£|-| |Current|assets|339,362|373|339,735| |Creditors|less than|1|year|(4,552)|-|(4,552)| |Net|assets|334,810|373|335,183| |Unrestricted|Restricted|Total Funds| |Funds|Funds|2022| |Tangible|£|£|£| |Current|fixed assets|221|-|221| |assets|283,742|15,505|299,247| |Creditors|less than|1|year|(1,980)|~|(1,980)| |Net assets|281,983|15,505|297,488| |Analysis|of changes changes|in|net|debt| |At| |Atl|Sep 2022|Cash|flows|31|Aug|2023| |Cash|£|£|£| |at bank and|in hand|250,204|48,202|298,406|

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1. Analysis of changes changes in net debt

17. Related parties

There have been no related party transactions in the reporting period other than donations received from trustees without conditions amounting to £10,372.

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