CHARITY REGISTRATION NUMBER: 1080687
Support Malawi
Financial Statements
For the year ended
31 August 2024

Support Malawi
FlnAncial Statements
Y¢Ydr ended 31 August 2024
Pages
Trustees, annual report
Ito4
Independent auditor's report to the members
5t08
Statement of financial 8Ctiviti¢8
Statwnent of financial position
10
Statement of cash flows
11
Notes to thc financial statanents
12to17

Support Malawi
Trustees, Annugl Report
Year ended 31 August 2024
Th¢ trustees present their report and the financial statements of the charity for the year ended 31 August 2024.
Reference and administrative detf4ils
Registered chArity name
Support Malawi
Charlty reglstration number
1080687
Prlncipal offiee
6 Hall Green Lane
Fcnstanton
Cambridgcshire
PE28 9JH
The trustees
J Chart¢r
Mr N F¢rnandcz
Mr A Stq)hens
Mr D Moore
C Johnson
C O Sear1¢
(Appoint¢d 16 July 2024)
(Appointed 25 March 2025)
AUDITOR
Strcct¥ Audit LLP
Chartcred Accountants & Statutory Auditor
3 Wellbrook Court
Girton
Cambridge
CB3 ONA
BAIYKERS
Lloyds Bank plc
Gonvillc Placc
Cambridg¢
CB2 IBQ
SOLICITORS
Taylor Vintcrs
Merlin Placc
Mtlton Road
Cambridg¢
CB4 ODP

Support Malawi
Trustees, Annual Report f¢o*tiNHed)
Year ended 31 August 2024
Achievements And future pl¥dns
Achievements and performance
The charity was set up to aid the relief of poverty in Malawi. The charity achieves thls through the carc and
education of orphans and wlllnerablc children.
The charity has 12 centres throughout southern Malawi. It currently has approximately 3.000 children and
vulnerablc adulis under ils umbr¢lla of car¢. The charity providcs sheltcr. clothing, food, licalth¢&re and education
for its beneficiaries. Four scliools, three hcalthcarc clinics and a girls, hostel havc already bcen built.
Th¢ skills centre is ￿llY opcrational and provides infornial vocational training courses for individuals who have
b¢¢n through our program but, for various reasons, werc unable to finish school. We aim to train 180 students per
year. WL offLr various courscs inLluding tailoring, motor mechanics, hair and beauty. wclding and fabrication, and
mobilc phonc repair. We have achicvcd a IOO°/o pass ratc in a Malawi 8overnm¢nt accrLdit¢d qualification.
In addition, our r¢licf program cater5 for1,500+ babies, ¢ldL'rly and handicapped peopl¢ providing maize, blankets,
roofing materials, sccd and fcrtilis¢r etc.
Thc cost of mai7e, which is h staplc food. doubl¢d. Mai7¢ was bought at the start of the scason to offset Ihcse riscs,
and support was providcd to the staff at thL ccnlres io givc thcm a stsblL pricc.
Plans for future perlods
Thc trusteLs arc cornmittLd to continue working on thc existing projccls and lo seLk further ways to allcviatc
povLriy aiid suffcriiig iii Malawi. For cxan)plc, th¢ rising cost of livi11￿ is impatiling all aspLLls of oiir work. Th
cost or r¢rlili7¢r rnsc prohibilively Pulling il out of the rcach of rurnl farmLYs relying on subsistcnre liviiig.
We hope to continuL' cducating rural farmers in sustainable fanning practiccs, but this is dLyendcnt on funding.
We plan to build a maizL' and rice mill at our Umodzi centrc in order to offset thc cost of millin&v our own maizc.
and to provide a chdrgeabl¢ scrvicc lo lh¢ local community.
We also plan to build su81ainable bakerics in multiple Lentr¢5, which will gcncrat¢ incomc,
Thc trustccs arc aware of thc challen8cs caused by rcduced incomc and incrcasing costs. They will prioritise
projccts to balancc income with cxpenditurc.

Support Malawi
Trusteesl Annual Report (comtlnited)
Year ended 31 August 2024
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, under the name "Lifeline Fund" as at 31 August 2024. The namL was subscquently changed at
th¢ Charity Commission to "Support Malawi" on 8 October 2024, and "Lifcline Fund" was retainLd at the Charity
Commission as a working name.
Trustees
There shall be at l¢ast three trust¢¢s who are appoint¢d in accordan¢¢ with the trust deed. When appointing truste¢s,
th¢ currcnt trustecs shall consider how he or she will makc a contribution to the pursuit of thc objeLls or the
manag7Lm¢"nt of thc charity. No pcrson may bc eligiblc to act as a trustee unless h¢ or shc has attained the ag¢ of
eighteen yLars. Th¢ trustecs shall hold at least two mi¢lings in Lach ycar.
Organlsationil strueture
The trustces dctLrn)In¢ th¢ general policy of the organisation. The day to day managcrncnt of th¢ ¢harity is
dL.legatcd to INstcc J Chartcr.
Risk management
Thc trustecs have assLssed thu major risks to which thL charity is cxposed and arc satisficd that systems are in
placc tu mitigatc any cxposurc lo such risks.
Objectives and actlvities
The objccts of thc charity arL' Ihc rclief of poverty and thc advanccment of cducation of childrcn and othcr nctidy
p¢ople in Malawi. The objccts arc achieved largely by making grants lo AquAid LifLlinc Malawi, an indcpcndLnt
charity basL.d in Malawi, which is rLspon8iblc for thc day-to-day reliif work.
In thc exerci8L of our powers to that cnd we have paid due rigard to the published guidance from the Charity
Commission on the opLration of the Public Bencfit requirLment under thc CharitiLs Act 2011
Flnanclal review
Reserve
Th¢ charity's frLe r¢s¢rv¢s arc rcpr¢sent¢d by its unrestri¢tcd nct assets of £278,406 as of 3 1st August 2024.
The levcl of fr¢¢ ￿serveS is target¢d to covcr approximately three months of project ¢xpenditure, which thc trust¢¢s
r¢gard as prudent.
Prlneipal funding sources
Th¢ charity receives the majority of its income by way of donations from Cooleraid Limited and also r¢￿1Ve8
significant donations from Aquaid Franchising. Dalitso, Arbroath. St Marys Church Hitchin. Mission Guides
(formcrly Spring Lake Church) Wisconsin, Es D¢vlin and Citystay Cambridge. The trustees ar¢ ¢xtremely grat¢ful
for this support and for the sUPPOrt of all of th¢ charity's donors.

Support Malawi
Trustees, Annual Report fconlimmed)
Year ended 31 August 2024
Flnancial review {tonllhMed)
Investment powers
These are governed by the trust deed whtch perniits 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, responslbilities statement
Thc trustees are rcsponsiblL for preparing the trustccs, rl'port and thc financial statements in accordance with
applicable law and Unit¥d Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accounting
Practice).
The law applicablc to charitics in England and Wales rcquircs thc charity truste¢s to prcparL' financial statements
for each year which give a tme and fair vicw of the statc of affairs of the charity and of thL incoming rL50UW¢S
and application of rcsourceb, of thc charity ror that period.
In pr¢paring thesc financial statLments, thL trustc¢s arc required to:
sclcct suitablL a¢¢ounting policiL'S and then apply them consistently,,
observc thL methods and principlcs in the applicable Charities SORP.
mak¢ judgments and accounting estimates that are rL'a50nable and prudent;
statc whcthLr applicabl¢ UK Accounting standard8 have bccn followcd, Subjcct to any material departurL's
discloscd and explain¢d in thc financial statcments-
prcparc the financial statemcnts on thc going concern basis unlcss it is inappropriate to prcsume that thc
charity will continue in business.
The trustees are rcsponsiblc for keepinLF adLquatc accounting rLLords that are sufficiL'nt to show and explain thc
charity's transactions and disclosc with reasonablc accuraLy at any limc th¢ rtnancial position of the charity and
L'nablc Ihcm to LnsLlI'L that Ihc finanLial slatcmLnts coniply with the Charilics Act 201 I, thL applicablL Charilics
(ALLuiinls and RLPlJrts) RLbiLilali(Trnb, and Ihc provlsiviis of IhL Trust DILd. ThLy arc also I'LSk)o1)sibl￿ for
safcguarding the assets of th¢ ¢harity and hL'nce for taking r￿sOnable st¢ps for thc prLycntion and dclection of
fraud and othcr irr¢gularities.
Thc tru5tees' annual rcport was approvcd on 29 May 2025
. and sigfted on behalf of the board of trnst¢es by:
J Chart¢r
Truslce

Support Malawi
Independent Auditor's Report to the Members of Support Malawi
Year ended 31 August 2024
Opinion
We have audited the financial statements of Support Malawi (the 'charity') for the year ended 31 August 2024
which comprise the statknment of flnancial activitics, statcment of financial position, statement of cash flows and
the relat¢d notes, including a summary of significant accounting policies. The financial rq)orting framework that
has been applied in thcir preparation is applicable law and Unitcd Kingdom Accounting Siandards, including FRS
102 Thc Financial Reporting Standard applicable in the UK and Rcpublic of Ireland (United Kingdom Gencrally
Acccpted Accounting Practice).
In our opinion the financial statements:
give a tru¢ and fair view of th¢ state of the charity's affairs as at 31 August 2024 and of its incoming resources
and application of resources, including its income and cxp¢nditur¢, for the y¢ar then ended-
have been properly pr¢pared in accordance with Unit¢d Kingdom G¢n¢rally Accept¢d Accounting Practice.
hav¢ b¢cn prcparL'd in a¢cordancc with th¢ requirements of the Charitics Act 2011.
Basis for oplnlon
We conducled our audit in accordanLe with Int¢rn8tional Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our rcsponsibilities und¥r thos¢ standards ar¢ ￿rther dcscribcd in thc auditor's responsibilitics for the audit
of the fjnancial stat¢rnents scLtion of our report. W¢ arL indcpLndeDt of the charity in accordanc¢ with thc ethical
rcquiremcnts that arc relevant to our audit of the financial statemcnts in thc UK. including thc FRC'S Ethical
Standard, and wc have fulfilled our other ethiLal respon5ibilitiLs in accordancc. with thesc rLquircmLnls. Wc beli¢ve
that thc audit evid¢nce WL have obtained is sufficicnt and appropriatc to provide a basis for our opinion.
Conclusions relatin% to Eoing concern
In auditingF thL. financial slatcmL'nts. wu havc conclud¥d that the tru5tLes' us¥ of thL going conccm basis of
accounting in the preparation of thv financial slatLmentS 18 appropriate.
Based on the work we have pcrforn]ed, wc havc not idcntified any matLrial uncLYtaintics relating to cvents or
conditions that, individually or collLctively, may casl significant doubt on the charity's ability to continue as a
going concLm for a PLYiod of at least twelvc months from whcn the financial slatcmLnts arc authorisL.d for issu¢.
Our rcsponsibilities and the r¢sponsibilAties of the trust¢es with resprxt to going ¢oncem arL' dcscribed in th¢
relevant sections of this report.

Support Malaivi
Independent Auditor's Report to the Members of Support Malaivi {coAil•ued)
Year ended 31 August 2024
Other information
The other inforn)ation compriscs the information included in the annual rcport, othcr than the financial statcments
and our auditor's rL'porl thercon. The Irustees are rcsponsiblc for the othcr infonnation. Ouropinion on thL financlal
statemcnls does not ¢ov¢r the other infonnation and, ¢xccpt to th¢ extcnt otherwise explicitly stated in our report.
w¢ do not express aT]y form of assurance conclusion th¢reon.
In connLCtion with our audit of thc flnancial statLments. our responsibility is to rcad th¢ othcr inforn)ation and, in
doing so, consider whether thc other infonnation is rnaterially inconsistenl with the fu￿nCIal stafrments or our
knowlLdge oblainLd in the audit or otherwise appears to be materially misstatLd. If we idcntify such mat¢rial
inconsistencies or apparent material misslatemcnts, we are r¢quirLd to deterniine whethcr there is a mat¢rial
misstatement in the financial slatemcnts or a material misstat¢ment of th¢ other inforniation. If, based on th¢ work
wv have performed, we conclude that there is a material misstatLment of this other infomation, wc are r¢quirLd
to report that fact.
We have nothing to report in this regard.
Matters on whleh we are requlred to report by exception
In the light of the knowl¢dgL and undcrstanding of th¢ charity and its environment obtained in thc coursc of th¢
audit, wc hav¢ not identified mat¢rial misstst¢ments in the Iruste¢s' rcport.
Wc hav¢ nothing to report in respcct of the following matt¢r8 in relation to which the Charitics Act 2011 requires
us to report to you if, in our opinion:
the inforn]ation givcn in the trnstccs, rwrt is inconsistent in any matcrial respcct with thc flnancial
statcmcnts; or
adequate accountin8 records have not becn kept- or
the financial statemLnts ar¢ not in agreemLnt with Ihc accounting rc¢ords and r¢turns' or
we have not roceived all the information and ¢xplanations wc rcquir¢ for our audit,
Responslbilities of Irustees
As explaincd morc ￿llY in the truste¢s' responsibilitics statcment, th¢ trustccs ar¥ responsiblc for the pr¥paration
of thc financial statemcnls and for bcing salisfiLd that they giv¢ a tru¢ and fair vicw. and for such internal control
as the trustee8 dctermine is nicL'ssary io cnablc thL preparation or rinancial statem¢nts that arc free from materlal
mis8tatcment, wli¢ther duc to traud or error.
In preparing the fmancial statemLnts, the trustees are rcsponsiblL for assessing the charity's ability to continuc as
a going conLCrn, disclosing, as applicable, matters related to goin&y concern and using the going concern basis of
accounting unless thL twstees ¥ither intend to liquidate the charity or to ccase operations, or have no realistic
alternativc but to do so.

Support Malawi
Independent Auditor's Report lo the Members of Support Malawi (c&NliR#eJ)
Year ended 31 August 2024
Auditor's responsibllltles for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole ar¢ free from
matcrial tnisstatement, whether due to fraud or error, and to issu¢ an auditor's report that includes our opinion.
Rcasonablu assurance is a high Icvel 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 considercd material if, individually or in the aggrL'gatL, they could ￿asOnablY be expected to influence
the economic decisions of users taken on the basis of thlse financial statemcnts.
Irregularities, including fraud, arc instances of non-compliance with laws and rLgulations. We dcsign proccdures
in line with our responsibilitics, outlinLd above, to detect matLrial misslatcments in respccl of irrcgularitlLS,
including fraud. The Lxtcnt ￿ which our proc¢durcs ar¢ capable of d¢t¢cting irregularities. including fraud is
detailcd bclow..
Our approach to idcntifying and asscssing thc risks of matcrial misstst¢ment in resp¢¢t of irrL'gularitics, including
fraud and non-compliancc with laws and regulations, was as follows:
the ongagcment partner cnsured that thc Lngagcment tLam collectivL.ly had thc appropriatL comp¢tencc,
capabililiLS and skills to identify or recognis¢ non-LompliancL Wlth applicablL laws and regulations.
we idcntified thL laws and rcgulations applicable to the charity throu&Nh discussions with trustccs and other
managemenl, and from our commcrcial knowlLdge and expL'ri¢ncts of thc charity and sector in which il
operatCS'
wv focusLd on specifiL laws and rc&wlations which we Lonsidcrcd may havc a dircct matcrial cffect on thc
financial slatcmLnts or thL opcralions ofthL Lharity, including thc Companics Act 2006. Charitics Act 2011,
taxation lugislation, data protcLtion, anti-bribery> employment, environmcntal and hcalth and safety
Icgislation.
wc assesscd the cxlent of compliancc wlth Ihc laws and rcgulations idLntificd abovL through making
enquirie5 of managument and inspLcting ILgal correspondcncc. and
identificd laws and rcgulations werc Lommunicatcd within thc audit tLam rcgularly and thc team remaincd
alcrt to instanc¢s of non-LomplAan¢e throughout th¢ audit.
We asscssed thc susccptibility of the charity's financial staW'ments to matL'rial misst2tLm¢nt, including obtaining
an undcrstanding of how fraud might occur, by:
making ¢nquirics of managemcnL as to whcr¢ th¢y considc'red there was susceptibility to fraud, th¢ir
knowledg¢ of actual, %usp¢¢tcd and allcgcd fraud. and
considering th¢ intemal controls in place to mitigate ri8ks of fraud and non-complianc¢ with laws and
regulations.
To addr¢ss the risk of fraud through management bias and ovcrrid¢ of controls, w¢:
perfornied analytical pro¢¢dur¢s to identify any unusual or unexpected relationships.
tested journal entries to identify unusual transactions.
asscsscd whcthcr judg¢ments and assumptions mad¢ in dekrn]ining the accounting estimat¢s were indicative
of potcntial bia5. and
investigated th¢ rationale behind significant or unusual transactions.

Support Malawi
Independent Audltor's Report to the Members of Support MalAWi (tonllnmed)
Year ended 31 August 2024
In responsc to the risk of irregularities and non-compliance with laws and rcgulations, we designLd procedurcs
which included, but were not limited to..
agreeing fmancial stat¢mLnt disclosures to underlying supp)rting documcntation.
reading thc minutLS of meetings of those chargcd with governance.
enquiring of manag¢ment as to actual and pot¢ntial litigation and claims,. and
revicwing correspondence with HMRC, rclcvant regulators and th¢ charity's legal advisors.
Thcre are inher¢nt limitations in our audit procedures dcscrib¢d abov¢. Thc mor¢ rcmov¢d that laws and
rcgiulations are from financial transactions, the ILSS lik¢ly it is Ihat wc would bccom¢ aware of non-complianLC.
Auditing standatds also liniil tlic audiL proccdurcs rLqiiired to idcnlify non-compliance with law5 and rcgiilations
to cnquiry of IliL trustees and oll)tyi' iiiaiiagcnient and Ilie inspection of rcgulalory and legal correspoiidencc, if any.
MatLrial misstatoments that arisc duc to fraud can bc harder to detect than those that arise from error as they may
involve dclib¢rat¢ concoalment or collusion.
A further description of our rcsponsibilities for the audit of th¢ financial ststcments is localcd on the Financial
Riporting Council's website at www.frc.org.uk/auditvrsresponsibilities. This des¢ription forms part of our
auditor's rcport.
Uje of our report
This rLport is made solely to thc charity's members, as a body, in accordancc with section 144 of the Charitics Act
201 l aIid rcgulations madc uiidcr sc¢lion 154 of Il)ai Acl. Our audil work lias bcen und¢rthkLn so that wc might
stal¢ 10 tl)¢ charity's mcmbcrs tliosc maitcrs we ar¢ rLquired lo slat¢ to Ihcm in an auditor's rcpoi't and for no olhcr
piirposc. To thc fullcsl cxteni pcrmitled by law, wc do not accL'pt or assume rLsponsibility to anyonc othcr than
the chllrity and the tyharity's mcrnbcrs as a body, for our audit work, for this rcport, or for thL opinions we have
formed.
Strccts Audit LLP
Charlercd Accountants & Statutory Auditor
3 Wcllbrook Court
Girlon
Cambridge
CB3 ONA
30 May 2025

Support Malawi
Statement of FinAncig1 Activitles
Year ended 31 August 2024
2024
Restricted
funds
2023
Unrestricted
funds
Total funds
Total funds
Note
Ineome lind endowments
Donations and legacies
Investment income
1,025.156
81
210.151
1,235J07
81
1,440,076
26
TotAI income
1,025,237
210,151
1,235,388
1.440,102
Expenditure
Expendithre on charitable acliviti¢s
Total expenditure
1,081,641
,081,641
215,548
1,297,189
1.297,189
1,402,407
215.548
1,402,407
Net (expendl¢ure)Ilneome and net movement
in funds
(56,404)
(5,397)
(61,801)
37,695
Reconclliatlon of funds
Total fvnds brought fonvard
Total funds CArrled forward
334,810
373
335,183
297.488
278,406
(5,024)
273,382
335,183
The stalemcnt of financial aLtivities includes all gains and IossL8 rccogniscd in thl year.
All income and cxpcnditure dcrivc from coDtinuing activitics.
The notes on pages 12 to 17 form part of these financiAI 5tAtements.

Support Malawi
Statement of Fingnclal Positlon
31 August 2024
2024
2023
Note
Currenl a$$et8
Dcbtors
Cash at bank and in hand
12
38,180
240,447
41,329
298,406
278,627
339,735
Creditors: Amounts falling due wlthin
one year
13
5,245
4,552
Net current Ydssets
273J82
335,183
Total assets less current lixbllitles
273J82
335.183
Iyet Assets
273,382
335,183
Funds of the ehvdrlty
Restricted tunds
Unrc5tricted funds
(5,024)
278,406
273,382
373
334,810
Total charlty funds
14
335.183
These financial statemcnts werc approved by the board of twstees and authorised for issue on
and arc signcd On behalf of the board by..
29 May 2025
J Chartcr
Trustcc
The notes on pages 12 to 17 form part of these financlal statements.
io-

Support Malawi
Stydtement of Cash Flows
Year ended 31 August 2024
2024
2023
Cydsh floivs from operating Aetivltles
Nct (Cxpenditureyincome
(61,801)
37,695
Adjuslmenlsfor."
Depreciation of langiblc fixed assets
Othcr intercst reccivable and similar incom¢
221
(26)
(81)
Changes in."
Trade and other dcbtors
Trade and other crcditors
3,149
693
7,714
2,572
48,176
Cash generat￿ from operation5
(58.040)
Interest r¢ceivcd
81
26
Nct cash (US￿ in)Ifrom operating activities
(57,959)
48,202
Net {decrease)IlncreAse In eish and cash equlvalents
Cgsh and cash equivalents at beElnning of year
Cash and cash equlvalentj at end ofyear
(57,959)
298,406
48,202
250.204
240,447
298,406
The notes on page5 12 to 17 form Pf4rt of these financial statements.

Support Malaivi
Notes to the Financial Statements
Year ended 31 August 2024
General information
The charity is a public bcnefit cntlty as defined by FRS 102.
Statement of compliAnce
These financial statements have been prepared in compliance with FRS 102, 'The Financial Rcporting
Standard applicable in the UK and the Rcpublie of Ireland,. the Statemcnt of RLcommendLd Practi¢c
applicable to charities preparing their accounts in accordance with thc Financial Rcporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (Charittes SORP (FRS 102)) and the Charities Act
2011.
Accounting pollcles
BAJ15 of preparatlon
The financial statemcnts havL been prepared on thc historical cost basis.
ThL' financial statLments arc prepared in slL'rling, which is the functional currency of the Lntity.
Goin% eoneern
Thcre are no matcrial unccrtaintlcs about the charity's ability to continuc as a going conccrn.
Jud%ement5 and key sources of estimY4tion uncertqlnty
The preparation of the financial statemcnts requires managemint to makc judgerncnts, cstimates and
assumptions that affLCt thc amounts reported. Thesc eslimalL'S and judgcments arL continually revicwed and
are based on expericncL and other factors, including cxpectations of futurL cv¥nts that arL beli¥yed to bL
rLasonMble under the Lircumstdnccs.
Significant judgemcnts
'rhcrL arc no judL¥cmenls (apart froni thos¢ involving estimations) that managemcnt has madc in the process
of applying ih¢ charity's accounting policies.
Fund AccountAng
Glneral ￿ndS a￿ unreqtriclcd fund% which are availablc for usc at thL. discrction of thc trustCC5 in furthcrancc
of th¢ gencral objectiv¢s of th¢ Gharity and which have not bc¢n dcsignat¢d for olh¢r purposes,
Designatcd funds arc unr¢stricted fund.8 that have been set aside by th¢ trnst¢¢5 for particular purposes.
Rcstricted fun(ts are funds which ar¢ to be us¢d in accordance with spccific r¢strictions imposed by donors
or which havc becn raiscd by thc Charity for particular purposes. The aim and u5¢ of rcstri¢led funds are sct
out in th¢ notes to the accounts.
Incoming resources
All inconie is incliid¢d in Ilic slatcinent of financilll aclivitiis wlieii cnlillcmciit lias passcd lo the charity. it
is probablc 11)ai11)¢ Lconoiiiic bL'nLfils assoLiated with ihc li'aiisaclion will flow lo ihc cliklrily and tlie aniount
Lan b¢ rcliably mcasurcd. Thc following SPCLifi¢ polici¢s ar¢ appli¢d to particular Lategories of incom¢'.
12

Support Malawi
Notes to the Financial Statements f¢oNtiNued)
Year ended 31 August 2024
Accounting pollcles (coAliHMed)
Incoming resources {condnHed)
incomL from donations or grants is recognis¢d when thL're is ¢videnc¢' of ¢ntitlcmLnl to the gift. rec¢ipt is
probablc and its amount can be m¢asured Tcliably.
IcgyaLy income is recognised when rccL'ipt is probablc and ¢ntitlemc'nt is ¢stablished.
- investment incomc is recognised in the accounts on a r¢ceivablL basis.
Resources expended
Expenditure is recogniscd on an ac¢n￿l basis as a liability is Incurred.
Charitable ¢xpcnditure comprises IhosL costs incuffLd by the charity in furtherance of thc charity's objectives
and rLpresents thc cost of &)oods and sL'rviccs and ancillary trading costs thal havc b¥en incurrLd in charitable
activities. It includes both costs that tian be alloLat¢d directly io such activities and thoskn costs of an Andircct
naturc necessary to support thcm.
Governance costs includc Ihosc costs associatcd with mc¢ting thc constitutional and statutory requir¢ment
of the charity and includc accountancy fcLs and costs linkLd lo th¢ strull'gic managemLnt of the charity.
Grants payable arc included in (he Stalemcnt of fr inancial A¢livitics whin they have b¢L'n committcd by ihc
trustccs.
Tvdngible assets
All fixLd asscts are initially rccorded at cost or, in cascs whcrc fixcd asscts havc bL'en donated to Aquaid
Lifcline Fund, at fair value at the timc of gift.
Deprec12tlon
Deprc'ciation is calculated so as to writc off th¢ cost or valuation of an ass¢t, less ils resldual value, ovLr thc
uscful cconomic lifc of that asset as follows:
Fixtuws & fittings
33 % straight line
Value added tax
As the majority of the charity's activities are classified as excmpt or non-business aclivitils for the purposcs
of value addid tax, the charity is not value added tax registLrL.d. ExpenditurL in these financial statcmcnts is
therefore shown inclusive of value added tax.
Taxation
No provision has becn made for tax as the charity is a registered charity and is thLrefore exempt.
13

Support Malawi
Notes to the Financlvdl Statements (coNÈlftued)
YeAr ended 31 August 2024
Donations and lega¢le8
Unrestrictsd
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
Donations fron] Cooleraid Limited
Donations from Aquaid Franchising Limited
Gift aid
199,029
763,932
31,200
30.995
202,966
401,995
763,932
31,200
38,180
7,185
1,025,156
210,151
1,235J07
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Donations
Donations from C'ooleraid Limilcd
Donations from Aquaid Franchising Limitcd
Gift aid
395,262
729,403
31.200
30,012
242,882
638,144
729.403
31,200
41.329
11.317
1.185,877
254,199
1.440,076
Investment income
Unrestrictcd Tot¥dl Funds
Funds
2024
Unrestricted Total Fund.4
Funds
2023
Bank inlercst reccivablc
81
81
26
26
Expendilure on ehArltable aetlvities by fund type
Unr¢8tricted
Funds
Restricted Total Funds
Funds
2024
Donations to projcct work
Support costs
1,078,789
2,852
215,548
1,294,337
2,1152
1,081,641
215,548
1,297,189
Unr¢5tri¢ted
Funds
Restrict¢d Total Funds
Funds
2023
Donations to project work
Support costs
1,130.504
2,572
269,331
1,399.835
2,572
1,133.076
269,331
1,402,407
The donations to projcct work represL'nt th¢ grants paid to Aquaid LAfelin¢ Malawi, an indcpend¢nt charity
based in Malawi which is rcsponsible for th¢ day to day relief work.
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Support Malawi
Notes to the Financl81 Statements {eoMliwuedJ
Year ended 31 August 2024
Expenditure on charitable activlties by aetivity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Donations to projcct work
Govcrnance costs
1,294,337
1,294,337
2,852
1,399,835
2,572
2,852
1,294,337
2,852
1,297,189
1,402,407
Auditors remuneratlon
2024
2023
Fees payablc for the audit of thc financial statcments
2,852
2,572
Trustee remuneratlon and exp¢n5ei
The trustees rcccived no r¢muncration, bcnefits or claimcd any cxpenscs from the charity.
10. Staff costs
No salarics or wagLs were paid to cmployecs, including thc trustecs, during the ycar.
1 l. I'angible fixed as8ets
Fixtures and
rittlngs
Cost
At I September 2023 and 31 August 2024
Depreclation
At I September 2023 And 31 August 2024
Cxrrylng gmount
At 31 August 2024
At 31 August 2023
665
665
12, Debtors
2024
2023
Prepayments and accrued incom¢
38,180
41,329
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Support Malawi
Notes to the Financial Statements (co•llnMed)
Year ended 31 August 2024
13. Credltors.. &mounts fAlling due Ivithin one year
2024
2023
Trade creditors
Accruals and deferred income
2,268
2,977
2,159
2,393
5,245
4.552
14. Analyiis of charitgble fund
Unrestri¢ted funds
4t I Scptember
2023
At 31 Au%u$t
2024
Income
Expenditure
Gen¢ral funds
334,810
1,025,237
(1,081,641)
278,406
4t I Septonber
2022
At 31 August
2023
Incomc
Expenditurc
Gencral funds
281,983
1,185.903
(1,133,076)
334,810
Restrlcted funds
4t I Scptember
2023
At 31 August
2024
Income
Expcnditure
Gomani fund
Dalitso ProjeLt
Mlssion Guidc5 USA
BEIT Trust Fund
15,482
380
(15,489)
27,547
110,315
57,289
15,oon
(31,829)
(110,695)
(58,024)
(15,000)
(215,548)
11,200
(16,224)
373
210,151
{5,024)
t I S¢pl¢mber
2022
At 31 August
2023
Incom¢
Expendi￿re
Gomani fund
Dalitso Projcct
Mission Guidcs USA
BEIT Trust Fund
13,577
928
1,000
35,186
145,963
42,450
30,600
(33.281)
(146.511}
(58.939)
(30,60Q)
(269,331)
15,482
380
(15,489)
15,505
254.199
373
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Support Malawi
Notes to the Financlal Statements {toNlinued)
Year ended 31 August 2024
14. Analysis of charitable funds (copliNued)
During the year the charity received a number of donations which were to be passed onto Aquaid Lifeline
Malawi to fund specific projects as follows:
Th¢ Gomani fund is for thc on-going running of the Philip Veale Children's Centre.
The Dalitso pmject is dedicated to the care and financial support of two AquAid Centres - Kambilonjo and
Thyolo. The funds are received from various supporters as w¢ll as fund-raising events.
Th¢ Mission Guides USA fund (formally "Springlake ￿nd") is for the ongoing monthly rnnning costs of
two centrLs in Funsani and LisungwL. Thc ￿nd was showing a deficit at the balanc¢ sheci dat¢ due to the
timing of rec¢iving ￿ndS and was subs¢quently r¢stored post year end.
The BEIT Trust Fund is dedicated to thc construction of two scmi-d¢tachLd t¢ache¢s houses for Chikowa
Secondary School.
I S. Analy$i8 of net asseti beliveen funds
Unrestrictcd
Rcstriclcd Tolal Funds
Funds
2024
Currcnt assct8
Creditors Icss than l year
278,627
(221)
278,627
(5,245)
(5,024)
(5,024)
1¥4et Y4$sets
278,406
273,382
Unrcstrictcd
Funds
Rcstrictcd Total Funds
unds
2023
Tangiblc fixcd asscts
Current at>sels
Crcditors l¢t•S than l ycar
Net Assets
339,362
(4,552)
334,810
373
339,735
(4,552)
335,1113
373
16. Analysis of chan%e$ In net debt
At
31 Au% 2024
At I Scp 2023 Cash flows
Cash at bank and in hand
298.406
(57,959)
240,447
17. Related partie$
Therc hav¢ been no rclatcd party transactions in the r¢porting period other than donations recciv¢d from
trustces without conditions amounlingy to £8,220 {2023: £10,372).
17-