CHARITY REGISTRATION NUMBER: 1080687
Support Malawi
Financial Statements
For the year ended 31 August 2025
Support Malawi
Financial Statements
Year ended 31 August 2025
| Pages | |
|---|---|
| Trustees' annual report | 1 to 4 |
| Independent auditor's report to the members | 5 to 8 |
| Statement of financial activities | 9 |
| Statement of financial position | 10 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 to 17 |
Support Malawi
Trustees' Annual Report
Year ended 31 August 2025
The trustees present their report and the financial statements of the charity for the year ended 31 August 2025.
| Reference and administrative | details | |
|---|---|---|
| Registered charity name | Support Malawi | |
| Charity registration number | 1080687 | |
| Principal office | 6 Hall Green Lane | |
| Fenstanton | ||
| Cambridgeshire | ||
| PE28 9JH | ||
| The trustees | J Charter | |
| Mr N Fernandez | ||
| Mr A Stephens | ||
| Mr D Moore | ||
| C Johnson | ||
| C O Searle | (Appointed 25 March 2025) | |
| AUDITOR | Streets Audit LLP | |
| Chartered Accountants & Statutory Auditor | ||
| 3 Wellbrook Court | ||
| Girton | ||
| Cambridge | ||
| CB3 0NA | ||
| BANKERS | Lloyds Bank plc | |
| Gonville Place | ||
| Cambridge | ||
| CB2 1BQ | ||
| SOLICITORS | Taylor Vinters | |
| Merlin Place | ||
| Milton Road | ||
| Cambridge | ||
| CB4 0DP |
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Support Malawi
Trustees' Annual Report (continued)
Year ended 31 August 2025
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 2,000 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.
Costs rose significantly in Malawi, which required us to focus on our core values and actual need. Following careful assessment by our social services department we were able to identify children that no longer needed our services, as they were sustained at home. We reduced the number of children and vulnerable adults that we were supporting from approximately 3,000 in the previous year.
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, increased by about 30%. 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 them a stable price.
We built and opened a maize mill at Umodzi. We now mill our own maize and the mill is available to the community, raising funds for our work.
Although funding from Deloittes was no longer available during this year, we continued with agricultural training in rural areas reaching 1500 families who would otherwise have experienced food instability.
We planned last year to build sustainable bakeries in multiple centres. This did not happen as the intended users would not have had sufficient funds to buy the raw ingredients.
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 trustees are aware of the challenges caused by reduced income and increasing costs. They will prioritise projects to balance income with expenditure.
We will keep an eye on the opportunity to build sustainable bakeries should this become cost effective for the intended users.
We hope to develop biogas digester technology to avoid the need for tree-grown firewood. We are also growing bamboo as a firewood replacement. We will trial the use of bamboo versus firewood.
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Support Malawi
Trustees' Annual Report (continued)
Year ended 31 August 2025
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 March 2024, the trustees changed the name to "Support Malawi".
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 £227,619 as of 31st August 2025.
The level of free reserves is targeted to cover approximately three months of project expenditure, which the trustees regard as prudent.
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; Dalitso, Arbroath; St Marys Church Hitchin; Mission Guides (formerly Spring Lake Church) Wisconsin, Es Devlin and Citystay Cambridge. The trustees are extremely grateful for this support and for the support of all of the charity's donors.
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Support Malawi
Trustees' Annual Report (continued)
Year ended 31 August 2025
Financial review (continued)
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 2011, 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.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
J Charter Trustee
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Support Malawi
Independent Auditor's Report to the Members of Support Malawi
Year ended 31 August 2025
Opinion
We have audited the financial statements of Support Malawi (the 'charity') for the year ended 31 August 2025 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 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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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 concern 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 concern are described in the relevant sections of this report.
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Support Malawi
Independent Auditor's Report to the Members of Support Malawi (continued)
Year ended 31 August 2025
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 material 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:
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the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
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adequate accounting records have not been kept; or
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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 concern 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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Support Malawi
Independent Auditor's Report to the Members of Support Malawi (continued)
Year ended 31 August 2025
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:
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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;
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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;
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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;
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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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:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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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:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
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Support Malawi
Independent Auditor's Report to the Members of Support Malawi (continued)
Year ended 31 August 2025
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims; and
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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.
Streets Audit LLP Chartered Accountants & Statutory Auditor 3 Wellbrook Court Girton Cambridge CB3 0NA
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Support Malawi
Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 1,188,288 | 225,551 | 1,413,839 | 1,235,307 |
| Investment income | 5 | 87 | – | 87 | 81 |
──────────── |
───────── |
──────────── |
──────────── |
||
| Total income | 1,188,375 | 225,551 | 1,413,926 | 1,235,388 | |
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═════════ |
════════════ |
════════════ |
||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 1,211,406 | 241,224 | 1,452,630 | 1,297,189 |
──────────── |
───────── |
──────────── |
──────────── |
||
| Total expenditure | 1,211,406 | 241,224 | 1,452,630 | 1,297,189 | |
════════════ |
═════════ |
════════════ |
════════════ |
||
──────────── |
───────── |
──────────── |
──────────── |
||
| Net expenditure | (23,031) | (15,673) | (38,704) | (61,801) | |
════════════ |
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════════════ |
════════════ |
||
| Transfers between funds | 14 | (27,756) | 27,756 | – | – |
──────────── |
───────── |
──────────── |
──────────── |
||
| Net movement in funds | (50,787) | 12,083 | (38,704) | (61,801) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 278,406 | (5,024) | 273,382 | 335,183 | |
──────────── |
───────── |
──────────── |
──────────── |
||
| Total funds carried forward | 227,619════════════ |
7,059═════════ |
234,678════════════ |
273,382════════════ |
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 12 to 17 form part of these financial statements.
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Support Malawi
Statement of Financial Position
31 August 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 12 | 36,775 | 38,180 | ||
| Cash at bank and in hand | 200,428 | 240,447 | |||
───────── |
───────── |
||||
| 237,203 | 278,627 | ||||
| Creditors: amounts falling due within | |||||
| one year | 13 | 2,525 | 5,245 | ||
───────── |
───────── |
||||
| Net current assets | 234,678 | 273,382 | |||
───────── |
───────── |
||||
| Total assets less current liabilities | 234,678 | 273,382 | |||
───────── |
───────── |
||||
| Net assets | 234,678 | 273,382 | |||
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═════════ |
||||
| Funds of the charity | |||||
| Restricted funds | 7,059 | (5,024) | |||
| Unrestricted funds | 227,619 | 278,406 | |||
───────── |
───────── |
||||
| Total charity funds | 14 | 234,678═════════ |
273,382═════════ |
These financial statements were approved by the board of trustees and authorised for issue on ………………, and are signed on behalf of the board by:
J Charter Trustee
The notes on pages 12 to 17 form part of these financial statements.
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Support Malawi
Statement of Cash Flows
Year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure | (38,704) | (61,801) |
| Adjustments for: | ||
| Other interest receivable and similar income | (87) | (81) |
| Changes in: | ||
| Trade and other debtors | 1,405 | 3,149 |
| Trade and other creditors | (2,720) | 693 |
──────── |
──────── |
|
| Cash generated from operations | (40,106) | (58,040) |
| Interest received | 87 | 81 |
──────── |
──────── |
|
| Net cash used in operating activities | (40,019) | (57,959) |
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════════ |
|
| Net decrease in cash and cash equivalents | (40,019) | (57,959) |
| Cash and cash equivalents at beginning of year | 240,447 | 298,406 |
───────── |
───────── |
|
| Cash and cash equivalents at end of year | 200,428═════════ |
240,447═════════ |
The notes on pages 12 to 17 form part of these financial statements.
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Support Malawi
Notes to the Financial Statements
Year ended 31 August 2025
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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Support Malawi
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
Incoming resources (continued)
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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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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Support Malawi
Notes to the Financial Statements (continued)
Year ended 31 August 2025
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 240,814 | 216,954 | 457,768 |
| Donations from Cooleraid Limited | 888,123 | – | 888,123 |
| Donations from Aquaid Franchising Limited | 31,200 | – | 31,200 |
| Gift aid | 28,151 | 8,597 | 36,748 |
──────────── |
───────── |
──────────── |
|
| 1,188,288 | 225,551 | 1,413,839 | |
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═════════ |
════════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 199,029 | 202,966 | 401,995 |
| Donations from Cooleraid Limited | 763,932 | – | 763,932 |
| Donations from Aquaid Franchising Limited | 31,200 | – | 31,200 |
| Gift aid | 30,995 | 7,185 | 38,180 |
──────────── |
───────── |
──────────── |
|
1,025,156════════════ |
210,151═════════ |
1,235,307════════════ |
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 87 | 87 | 81 | 81 |
════ |
════ |
════ |
════ |
|
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Donations to project work | 1,209,476 | 241,224 | 1,450,700 | |
| Support costs | 1,930 | – | 1,930 | |
──────────── |
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||
| 1,211,406 | 241,224 | 1,452,630 | ||
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||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations to project work | 1,078,789 | 215,548 | 1,294,337 | |
| Support costs | 2,852 | – | 2,852 | |
──────────── |
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──────────── |
||
1,081,641════════════ |
215,548═════════ |
1,297,189════════════ |
6. Expenditure on charitable activities by fund type
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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Support Malawi
Notes to the Financial Statements (continued)
Year ended 31 August 2025
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Donations to project work | 1,450,700 | – | 1,450,700 | 1,294,337 |
| Governance costs | – | 1,930 | 1,930 | 2,852 |
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|
| 1,450,700 | 1,930 | 1,452,630 | 1,297,189 | |
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|
| Auditors remuneration | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable for the audit of the financial statements | 1,930═══════ |
2,852═══════ |
8. Auditors remuneration
9. Trustee remuneration and expenses
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
| Fixtures and | |||
|---|---|---|---|
| fittings | |||
| £ | |||
| Cost | |||
| At 1 September 2024 and 31 August 2025 | 665 | ||
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|||
| Depreciation | |||
| At 1 September 2024 and 31 August 2025 | 665 | ||
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|||
| Carrying amount | |||
| At 31 August 2025 | – | ||
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|||
| At 31 August 2024 | – | ||
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|||
| 12. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income | 36,775 | 38,180 | |
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Support Malawi
Notes to the Financial Statements (continued)
Year ended 31 August 2025
13. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | – | 2,268 |
| Accruals and deferred income | 2,525 | 2,977 |
─────── |
─────── |
|
2,525═══════ |
5,245═══════ |
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | 1 September | At | 31 | August | ||||
| 2024 | Income | Expenditure | Transfers | 2025 | ||||
| £ | £ | £ | £ | £ | ||||
| General funds | 278,406 | 1,188,375 | (1,211,406) | (27,756) | 227,619 | |||
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| At | 1 September | At 31 August | ||||||
| 2023 | Income | Expenditure | Transfers | 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| General funds | 334,810 | 1,025,237 | (1,081,641) | – | 278,406 | |||
═════════ |
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════════════ |
════ |
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||||
| Restricted funds | ||||||||
| At | 1 September | At | 31 | August | ||||
| 2024 | Income | Expenditure | Transfers | 2025 | ||||
| £ | £ | £ | £ | £ | ||||
| Gomani fund | 11,200 | 32,110 | (33,057) | – | 10,253 | |||
| Dalitso Project | – | 167,481 | (166,994) | – | 487 | |||
| Mission Guides USA | (16,224) | 25,960 | (41,173) | 27,756 | (3,681) | |||
| BEIT Trust Fund | – | – | – | – | – | |||
──────── |
───────── |
───────── |
──────── |
──────── |
||||
| (5,024) | 225,551 | (241,224) | 27,756 | 7,059 | ||||
════════ |
═════════ |
═════════ |
════════ |
════════ |
||||
| At | 1 September | At 31 August | ||||||
| 2023 | Income | Expenditure | Transfers | 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| Gomani fund | 15,482 | 27,547 | (31,829) | – | 11,200 | |||
| Dalitso Project | 380 | 110,315 | (110,695) | – | – | |||
| Mission Guides USA | (15,489) | 57,289 | (58,024) | – | (16,224) | |||
| BEIT Trust Fund | – | 15,000 | (15,000) | – | – | |||
──────── |
───────── |
───────── |
──── |
──────── |
||||
| 373 | 210,151 | (215,548) | – | (5,024) | ||||
════════ |
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════ |
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Support Malawi
Notes to the Financial Statements (continued)
Year ended 31 August 2025
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. A transfer was made form the general fund during the year to support this project. 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 was dedicated to the construction of two semi-detached teacher's houses for Chikowa Secondary School.
15. Analysis of net assets between funds
| Unrestricted | Unrestricted | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Current assets | 230,144 | 7,059 | 237,203 | |
| Creditors less than 1 year | (2,525) | – | (2,525) | |
───────── |
─────── |
───────── |
||
| Net assets | 227,619 | 7,059 | 234,678 | |
═════════ |
═══════ |
═════════ |
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Current assets | 278,627 | – | 278,627 | |
| Creditors less than 1 year | (221) | (5,024) | (5,245) | |
───────── |
─────── |
───────── |
||
| Net assets | 278,406 | (5,024) | 273,382 | |
═════════ |
═══════ |
═════════ |
||
| Analysis of changes in net debt | ||||
| At | ||||
| At | 1 Sep 2024 | Cash flows | 31 Aug 2025 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 240,447═════════ |
(40,019)════════ |
200,428═════════ |
16. Analysis of 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 £10,450 (2024: £8,220).
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