Total 11,382 25 11,407 9,409 Loan Repayments Total 2024 Unrestricted Desi nated Restricted Endowment 2023 07 - Loan Repayments Total Zambian Costs Total 2024 Unrestricted Desi nated Restricted Endowment 2023 05-1- Exams fees and materials 05-2 - Freight & Travel Costs 05-3 - Miscellaneous Zambian Costs". 3,000 3,000 4,700 054- School Fees 2,000 2,000 2,600 Total 5,000 5,000 7,300 Discretionary Fund Total 2024 48,382 Unrestricted Desi nated Restricted Endowment 48,382 2023 15,000 06 ~ Restricted Funds for IT block and toolboxes Total 48,382 48,382 15,000 The costs of the Ndola management team are paid by the college directly other than certain increments which are still paid from the UK. Page 15of 15
Expenditure Transfers to MfA Zambia Total 2024 101,118 Unrestricted Desi 101,118 nated Restricted Endowment 2023 128,500 02-1- Transfers to MfA Zambia Total 101,118 101,118 128,500 Staff costs Total 2024 Unrestricted Desi nated Restricted Endowment 2023 01-1- Staff Salaries from UK"" 01-2 - National Insurance Payment 01-3- Income Tax Payment 014- Pension Payments 01-5- Fundraising Staff Totsl Property - Capital Expenditure Total 2024 Unrestricted Desi nated Restricted Endowment t 2023 03-1- Capital Expenditure - Property 03-2 - Capital Expenditure - Equip 19,600 (note) Total 19,600 Note: MfA purchased laptops for the new student intakes in 2023. These were purchased direct by MfAZ in 2024 UK Costs Total 2024 Unrestrlcted Desi nated Restricted Endowment 2023 1,381 04-1- Travel & Subsistence 04-2- Consumables 04-3 - Training 044- Insurance 346 346 330 04-5 - Fundraising 10,946 10,946 7,448 04-6 - Miscellaneous costs 90 08~1- Bank charges 90 25 115 160 Page 14 of 15
Incoming resources - Other incoming resources Total 2024 2,239 Unrestricted Desi 2,239 nated Restricted Endowment 2023 8,143 12 - Propety Rental 13-3 - Loans Totsl 2,239 2,239 8,143 Restricted Fund Total 2024 Unrestricted Desi nated Restricted Endowment 2023 15,000 13-1- Restricted Funds for IT block and toolboxes - Gift Aided 13-2 - Restricted Funds for IT block and toolboxes- non-GA 18,382 18,382 30,000 Totsl 18,382 18,382 45,000 Standing orders are no longer shown split between sponsorship and other Page 13of15
MECHANICS FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS For the period ended 31 December 2024 (continued) Analysis of income and expenditure Income Incoming resources - Voluntary income (Donations and Gifts) General Desi nated Restricted Endowment 81,424 Total 2024 81,424 2023 84,555 12-1- Gifts 124 - Standing Orders" 6,980 6,980 8,275 12-5 - Gift Aid Refund 25,876 25,876 2,708 12-6- MBC Gifts 5,200 5,200 11,200 Total 119,480 119,480 106,738 Incoming resources - Voluntary income (recoverable under Gift Aid) General Desi nated Restricted Endowment 500 Total 2024 500 2023 75,800 11-1- Gift Aid Gifts 114 - Gift Aided Standing Orders" 19,737 19,737 19,229 Total 20,237 20,237 95,029 Incoming resources - Activities for generating funds Unrestricted Desi nated Restricted Endowment 3,651 Total 2024 3,651 2023 11-2 - Fundraising - Gift Aided 12-2 - Fundraising - non-GA 1,125 1,125 5,732 Total 4,776 4,776 5,732 Incoming resources - Investment Income (Bank Interest) Unrestricted Desl nated Restricted Endowment 602 Total 2024 602 2023 14-1- Bank interest Total 602 602 Page 12 of 15
MECHANICS FOR AFRICA NOTES TO THE FINANCIAL STATEMENTS For the period ended 31 December 2024 ACCOUNTING POLICIES The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements. Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the accounting Statement of Recommended Practice ("Accounting by Charities"). Fund accounting Unrestricted funds comprise accumulated surpluses and deficits on the General Fund. They are available for use at the discretion of Trustees in furtherance of the charity's general objectives. Designated funds are amounts that have been put aside at the discretion of Trustees. Restricted funds are funds subject to specific restricted conditions imposed by the donors. Incoming resources Incoming resources represent the total income receivable during the period comprising donations, gifts and associated income tax recoverable under gift aid, fundraising and appeals income, and bank interest. All loans are interest free with no repayment terms. Resources expended Direct charitable expenditure represents the costs of the principal activities of the Charity. It includes staff costs that are directly attributable to these activities. FUNDS As at 31 December 2024 the funds are a mixture of general, restricted and designated as are shown on the Statement of Financial Activities. The Designated Fund comprises the Reserve Fund in accordance with the Reserves policy. The Restricted Fund represents a grant for the IT classroom and toolboxes. Page11 of15
Fund movement by type as at 31 December 2024 Opening Incoming Outgoing Transfers Gainsllosses Closin Unrestricted - General 29,458 146,732 (117,501) 58,688 Unrestricted - Designated 50,000 602 (25) 50,577 Restricted 30,000 18,382 (48,382) Restricted loan Grand total 109,458 165,716 (165,857) 109,266 Approved by the Trustees and signed on their behalf by: _ Date ... The attached notes form a part of these financial statements. Page 10 of 15
MECHANICS FOR AFRICA Balance sheet as at 31 December 2024 Class Descri tion 2024 2023 Fixed Assets Current Assets Current Account 58,688 109,458 CAF Bank 50,577 Cash at Bank 109,266 109,458 Current Liabilities Loans Net Current Assets 109,266 109,458 Represented by funds Unrestricted - General 58,688 29,458 Unrestricted - Designated 50,577 50,000 Restricted 30,000 Restricted loan 109,266 109,458 Statement of assets and liabilities as at 31 December 2024 Unrestricted General Desi nated Restricted Endowment 2024 2023 Current assets Current Account 58,688 58,688 109,458 CAF Gold Savings account 50,577 50,577 Current Liabilities Loans Grand total 58,688 50,577 109,266 109,458 Page 9of15
Transfers Gross transfers between funds - in 25,000 Gross transfers between funds - out (25,000) Net incoming l (outgoing) before other gains I losses 29,231 577 (30,000) (192) 80,834 Other recognised gains I losses Gains I losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds 29,231 577 (30,000) (192) 80,834 Total funds brought forward 29,548 50,000 30,000 109,458 28,624 Total funds carried forward 58.688 50,577 109,266 109,458 Represented by Unrestricted General fund 58,688 58,688 29,458 Designated Reserves 50,577 50,577 50,000 Restricted Restricted Funds for IT block and toolboxes 30,000 The results detailed above are derived wholly from continuing operations. There are no recognised gains or losses other than those passing through the Statement of Financial Activities. The attached notes form a part of these financial statements. Page 8of15
MECHANICS FOR AFRICA STATEMENT OF FINANCIAL ACTIVITIES For the period ended 31 December 2024 Unrestricted General Designated Restricted funds funds funds Total 2023 funds Total funds Incoming resources Incoming resources Voluntary income (Donations and Gifts) 119,480 119,480 106,738 Voluntary income (recoverable under Gift Aid) 20,237 20,237 95,029 Activities for generating funds 3,651 3,651 5,732 Activities for generating funds (recoverable under GA) 1,125 1,125 Loans Investment Income (Bank Interest) 602 602 Other incoming reSoUrS (Rent) 2,239 2,239 8,143 Restricted Funds for IT block and toolboxes 18,382 18,382 45,000 Total incoming resources 146,732 602 18.382 165,716 260,643 Transfers to MfA Zambia 101,118 101,118 128,500 Stsff costs Propety Capital Expenditure 19,600 UK Costs 11,382 25 11,407 9,409 Loan Repayments Zambian Costs 5,000 5,000 7,300 Restricted Funds for IT block and toolboxes 48,382 48,382 15,000 Total resources used 117,501 25 48,382 165,907 179,809 Net incoming l outgoing resources before transfer 29,231 577 (30,000) (192) 80,834 Page 7of 15
Signed: Date: Name: Mike Stubbs Relevant professional qualification(s) or body (if any): None Address: 6 Windy Wood, Godalming, Surrey GU7 1XX Section B Disclosure Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose. Page6of15
(HARITY COMM$10 Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees/ members of Mechanics for Africa On accounts for the year ended 31 December 2024 Charity no (if any) 1086333 Set out on pages 7t011 Respective responsibilities The charity's trustees are responsible for the preparation of the accounts. The of trustees and examiner charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Directions given by examiner's statement the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent In connection with my examination, no matter has come to my attention (other examiner's than that disclosed below ) statement which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act. and to prepare accounts which accord with the accounting records and comply with the cOUntIng requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper undersLqnding of the accounts to be reached. Page 5 of15
Reserves policy The Trustees maintain a Reserve through a Designated Fund. This reserve is currently £50,577 and represents the operating cost of the college operating in Zambia for a period of up to 3 months. During the year an account was reopened with CAF Bank to hold the Designated Fund monies. Funds At 31 December 2024 the total funds were £109,266 comprising Unrestricted General Fund of £58,688 Unrestricted Designated Fund in accordance with the Reserves policy of £50,577 Statement of Trustee's responsibilities The Charities Act requires the Trustees to prepare financial statements for each financial period that give a true and fair view of the state of affairs of the charity and of the surplus or deficit for that period. In preparing those financial statements, the Trustees are required to: (i) select suitable accounting policies and then apply them consistently; (li) make judgements and estimates that are reasonable and prudent; (iii) 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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. By Order of the Board of Trustees Richard Rowe . Chair Date . *.Lo.25 Page4of15
The economy in Zambia has continued to face challenges with high inflation for both wages and imported goods. This has impacted the college through increased costs. Local fund raising in the UK has continued and the donor base has been widened to include more churches, individual donors, legacies and grants. During 2024 the Trustees again undertook a review of policies, no new policies were adopted and all policies will continue to be reviewed annually. Plans for the future MfA is prioritising fund raising with an outsourced fundraising resource leading a number of new initiatives. Plans are in place to continue the widening of our donor base in 2025. MfAZ successfully put in place a process allow it to raise further funds directly from the US during the year and first donations have been received. MfAZ plans further fundraising activities in 2025. The Trustees express their appreciation for the enormous commitment shown by the team of over twenty college employees in Zambia, led by the CEO Gwanire Kalombe, who began as CEO in March 2021. Gwanire is bringing a fresh and envigorating approach to the college and has ambitious plans to grow the size and scope of the activities of the college, whilst keeping a clear focus on providing the poorest with an excellent education, a solid grounding in life skills, and good job prospects. Governance Governance has been provided by the Trustees of MfA in accordance with the Constitution. The Trustees meet every two months with additional meetings for specific issues such as fundraising strategy, recruitment and budget setting. At each regular meeting the Treasurer presents management accounts to ensure careful governance of the Charity's monies is maintained. The individuals who are the Trustees of MfA are also the majority of the Trustees of MfAZ thus ensuring a seamless link between the charity's fund raising and operational delivery. The Trustees and many other volunteers have worked hard whether as fund raisers, administrators, treasurer, project proponents, prayer partners, planners or in other ways. We thank them all sincerely. Risks Our business plan incorporates a detailed assessment of risks to the project and our responses to these. The major obvious risk is lack of funding and because of this the Trustees devote considerable effort to budget development and management. Other risks to the operation of the college include: Retention of teaching staff Operating in a developing country Fluctuations in exchange rate and inflation Extent of funds required from MfA to run the expanding college Such risks are reviewed at Trustees, meetings, and appropriate measures are put in place to mitigate them. Page3 of15
The Trustees present their report together with the financial statements of the charity for the period ended 31 December 2024. Origin, objectives and principal aims The members of Milford Baptist Church formed Mechanics for Africa (MfA) as an unincorporated association on 21 January 2001. It was subsequently registered as charity number 1086333 on 26 April 2001. The principal address is Milford Baptist Church, New Road, Milford, Godalming, Surrey, England, GU8 5BE. The objects of the charity as stated in its constitution are the advancement of education and the relief of financial hardship and/or poverty in Southern Africa, principally Zambia. The present, principal aim is to support a training college for motor mechanics in Zambia, giving young, underprivileged Africans skills for life. This is pursued through an associated Zambian-registered charity, Mechanics for Africa Zambia (MfAZ). Trustees The Trustees who served during the year are as follows: Richard Rowe (Chair) David Phillips (Correspondent with Charity Commissioners) Sarah Weld-Forester Peter Herring Paul Cannings (Treasurer) Susie Mooney (Deputy Chair) Steven Bell (appointed in the year) Kenneth Hobbs (appointed in the year) Review of activities, operations and risks The Charity was officially launched on 7 April 2001 at Milford Baptist Church, Surrey, UK by the former patron of Mechanics for Africa, Baroness Bottomley of Nettlestone (formerly Right Hon. Virginia Bottomley). The primary activity of the charity has been to support the training of local Zambian students at the college in Ndola in motor mechanics and life skills. Specific activities of the college in 2024 have included: Continued training of students in motor mechanics and in life skills with TEVETA examinations sat towards the end of the year. Admission of further students from the area around Ndola, Zambia with a special focus on recruiting from the poorest communities All new students who enrolled after January 2023 have been provided with a laptop and will be taught how to drive as part of their course. A specific donation in 2024 allowed all mechanics graduates to be given a toolbox on graduation in 2025. With the introduction of a new course in IT and data processing it is hoped that more women will be attracted to the college. Over one quarter of the students currently attending the college are women. £45,000 of grants and donations for the building of facilities to teach the new course including a new classroom were received in 2023. The new buildings were completed in 2024 and are now in full use. Page 2of15
MECHANICS FOR AFRICA www.mechanicsforafrica.com MECHANICS FOR AFRICA REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Registered Charity number: 1086333 Page 1 of 15