**Malawi Orphan Fund’s Honorary Treasurer’s End of Year Report 1[st] Mar 2024 – 28[th] Feb 2025** This report's objective is to provide trustees, members, and stakeholders with an accurate picture of Malawi Orphan Fund’s (MOF) finances for the charity’s Financial Year of 1[st] Mar 2024 – 28[th] Feb 2025. The past financial year has seen repeated generous support, whilst continuing to see how the global economy adversely affects Malawi, e.g. currently their inflation rate is around 32% and the Malawi kwacha has been devalued many times. These ongoing challenges significantly reduce the purchasing power of our grants, meaning they do not stretch as far as in previous years when acquiring essential commodities. In one instance the price of an air-conditioning unit for the Clinic’s medicine store increased by 20% in 2 months. Malawi Orphan Fund’s overall financial health remains stable. The Trustees of MOF want to thank all the volunteers, and donors for their contributions to the charity's financial well-being. Home of Hope continue to offer nursery, primary and secondary school education, along with Vocatational Training at their training centre for and support to former students who are studying at University. In total approximately 750 vulnerable and disadvantaged children and young people live at the Home of Hope in term time and around 33 students are supported at University. We had a very successful fundraising event, “An Afternoon at the Opera” in October 2024, with Katherine Crompton, Ed Grint, and Tim Grant-Jones donating their time and skills. The hope is to repeat in the Autumn of 2025. One challenge identified is that the number of sponsors remains fairly static. While we may gain a few new donors, sadly there are always some who, for various reasons, have to reduce or stop their standing order. Amongst the reasons for discontinued sponsorship, we note with sadness that some donors have passed away. We introduced sponsorship for the Young Adults supported by the Home of Hope (HOH), both those studying at a Malawian State University and those undertaking an Apprenticeship with the Home’s Vocational Training Centre (VTC) and have succeeded in attracting new sponsors. The charity is formulating a plan to grow the child, apprentice and university student sponsorship schemes over the next 12 months. We at MOF have taken the opportunity to send items to the Home of Hope as a part load in a shipping container using a reliable and trustworthy contractor. A local construction company generously donated a tonne of new tools, along with used power and hand tools, valued at several thousand pounds, which were successfully sent via the shipping container. Using this method has allowed us to send many donated manual and power tools for the Carpentry, Brick Laying, Metal Fabrication and Tailoring courses at the VTC, as well as other supplies donated in the UK, at a cost of £3,740. The items sent are specifically requested by the Home of Hope and they say that the quality of these is much better than that which they could source in Malawi. Opting for the shipment of these high-quality new and used items proved to be significantly more cost-effective than purchasing them within Malawi, which would have required many thousands of pounds in donations. Thus, this is an avenue we will continue to explore, taking into account the costs of shipping and import duty. The Home of Hope is now believed to be the only VTC with Dumpy Levels in all Malawi. Previously they could only show the students a photo in a textbook. This strategic investment ensures students are not only familiar with modern industry standards but are also immediately productive, giving them a significant competitive edge when seeking employment. Equipping the Vocational Training Centre with the tools students may be expected to use in employment will be to their advantage in the job market, as it directly addresses the practical skills gap often faced by new entrants. The level of reserves held by MOF are adequate to meet future needs and the planned expenditure in the financial year 2025-2026. We aim to hold a minimum of unrestricted reserves of £9,000, which represents 3 monthly grants which the Home of Hope use for operational costs, such as groceries, utilities, staff salaries and similar. We ended this financial year with £9,970, which is slightly more than 3 months of grants. MOF’s internal financial controls are operating effectively and we continue to preparing and update financial policies. Funds received for specified projects are held as restricted funds within MOF’s accounts and can only be spent as the donor requested. These funds are often spent over successive financial years thus skewing our accounts as it appears we have a high amount of funds at our disposal. For instance, in the coming few months, March – April 2025, we will work with the Home of Hope to enable their Health Clinic to build a suitable hazardous waste incinerator and undertake building improvements to meet the requirements of the Malawian Government. This will utilise a donation made at the end of the financial year for this specific purpose, within the first few months of the following financial year. MOF only assets are held in a community bank account with Barclays Bank. We do not have any creditors or debtors for this financial year. The trustees have assessed the charity's ability to continue as a going concern and believe it is appropriate to prepare the financial statements on that basis. The charity has sufficient funds to meet its ongoing obligations, and continues to receive support from donors, which supports its operational activities. Therefore, the trustees are confident that the charity will continue to operate for the foreseeable future. In total for 2024-25 financial year MOF have had (rounded to the nearest pound): |**Category**|**Unrestricted**|**Restricted/Designated**|**Total**| |---|---|---|---| |Income|£40,226|£46,527|£86,753| |Expenditure|£38,530|£52,036|£90,566| |Opening Balance|£8,275|£23,298|£31,573| |Closing Balance|£9,970|£17,790|£27,760| ## **Income Analysis** This year the unrestricted income has come mainly from child sponsorship, £24,647, a number of oneoff donations to general funds from six UK churches and 2 groups, £13,735. We have also had a very successful fundraiser of a concert, “An Afternoon at the Opera”, as well as two Mission lunches held at Christ Church Bedford and income from the commissions from online shopping sites such as Give As You Live and Easy Fundraising. Looking at where donations come from, in this financial year of the: £13,735 received into general funds £10,349 has been donated by Churches/Groups. £ 24,647 received for child sponsorship, £288 from Churches/Groups & £1200 from businesses Since 1st March 2024 there have also been several large donations to restricted funds, for instance to cover the purchase of several months of maize, contribute towards reducing the Home of Hope’s fertiliser debt, providing course materials for the Vocational Training Centre and provision of a solar pump for the farm. There have been many smaller donations to enable the servicing & repairs of the HoH’s truck (provided by previous MOF funding) and to the University Bursary scheme. In addition, we have had a number of Corporate Donations to explicitly help with staff house construction, Grounds works and maintenance at the Home of Hope, Roof Repairs, and upgrading the Health Clinic’s facilities. The income assigned to the Disaster Designated fund has mainly come from the gift aid received on sponsorship and general donations, along with recategorizing funds from other income, such as donations at Christ Church Mission lunches. ## **Expenditure Analysis** We have been able to send grants to the Home of Hope from our Unrestricted Funds totalling £33,982, with costs of £48 in UK based transfer fees. In addition, from our income under general funds, we have sent £1,500 to purchase new mattresses for many of the beds at Home of Hope and £45 to buy a data bundle so that the HoH could send us high quality photos and videos. The other expenditure falling under the Unrestricted funds has been £243 in fundraising costs. This was the hire of a venue and concert piano for our very successful Afternoon at the Opera concert. Additionally, we transferred £2,484 from Church donations to additionally support the Home of Hope’s running costs. We continued to transfer money to the Home of Hope via Victoria Forex in Lilongwe as they give a better rate of US dollar to Malawi Kwacha conversion. We have also continued sending grants monthly, rather than quarterly, to better help the Home of Hope with cash flow. Our expenditure from Restricted/Designated funds covers sending £6,650 to purchase several months' supply of maize and beans, the food staples needed to feed the 750 children and young people and £625 to purchase new mosquito nets, a crucial and highly effective measure in preventing malaria. In addition, £863 was sent to repair and maintain the HoH’s truck, a vital tool for the running of their farm, transporting food and other items to the HoH village. Two restricted donations totalling £4,740 enabled the HoH to repay part of their fertilizer debt from planting their maize crop some months earlier. MOF was able to extend its financial support of Home of Hope Enterprises, a scheme to enable the HoH to generate an income. During the last financial year MOF supported the reintroduction of fish farming as the HoH is blessed with a constant, mountain fed, clean water source. In this financial year the HoH added in the growing of macadamia saplings. These trees are sold via a Malawian cooperative and are highly prized as they will produce a cash crop of nuts within a few years. We continued the exciting scheme of university bursaries to help students with their subsistence and travel costs. During 2024-25 we sent £6,041 for this along with sending out a number of laptops for these students and staff at the HoH and their schools. These laptops were donated by a company and refurbished in the UK at a cost of £1,880 using funds from a Corporate Donor. In August 2024, a group of Trustees and volunteers visited the Home of Hope. During this visit, the £4,000 donated for this trip was dedicated to purchasing essential equipment and items, sourced both locally and within Malawi, to fulfil specific requests from the Home of Hope. As of 29th February 2025, there is £9,970 in unrestricted funds and £17,790 across the restricted & designated funds in our bank account, total £27,760. A team of Trustees and volunteers travelled to the Home of Hope in August 2024, delivering US dollar funds vital for their operations. This included three months of MOF grants and university student support, along with additional funding for various projects. The decision to provide high-denomination US dollars was a strategic one, aiming to lessen the significant impact of inflation and the recurring devaluation of the Malawi Kwacha. Regrettably, $9,540 (equivalent to £7,471.61) in US notes obtained from a UK Forex proved unexchangeable in Malawi due to their pre-2016 issue date, despite remaining legal tender. These funds have been successfully exchanged for newer notes in the UK and are being held securely, with the intention of delivering them to the Home of Hope during summer 2025. This amount is included in the payments from Corporate Donations within the MOF accounts. During the past year I have kept our financial records up-to-date, recommended the amount we could send as a grant or for other Home of Hope needs and issued accounts overview for each Malawi Orphan Fund meeting. In addition, I have set up the bank transfers from Barclays to Global Web Pay, who then transfer the money to the Home of Hope’s US Dollar bank account and latterly to Victoria Forex in Malawi. Many thanks to everyone for second signing the bank transfers so promptly! There is still Approximately £350 of Gift Aid to claim on child sponsorship and various donations which will show in the 2025-26 financial accounts. Ruth Janes (Honorary Treasurer) 30/05/2025 ## **Accounts overview for FY 2024-25** |**Malawi Orphan Fund Accounts Overview**|**Malawi Orphan Fund Accounts Overview**|**WITH ADJUSTMENTS BETWEEN FUND HEADINGS**|**WITH ADJUSTMENTS BETWEEN FUND HEADINGS**|**WITH ADJUSTMENTS BETWEEN FUND HEADINGS**|**WITH ADJUSTMENTS BETWEEN FUND HEADINGS**|**WITH ADJUSTMENTS BETWEEN FUND HEADINGS**|| |---|---|---|---|---|---|---|---| |**Non restricted**|**Balance @**
**start**
**FY24-25**|
**Income**|**Spend**|**Position as**
**of 28/02/25**|
Of which
income from
Churches /
Groups|
Of which
income from
Businesses|
Of which is
Gift Aid| |to alloc|-|-|-|-|||| |General|8,275|13,735|4,257
-|17,752|10,349|0|26| |Child Sponsorship||24,647||24,647|288|1,200|2,884| |Money Transfer fees|||48
-|48
-|||| |Grants|||33,982
-|33,982
-|||| |fundraising expenses|||243
-|243
-|||| |postage & stationery|||-|-|||| |Trustee expenses|||-|-|||| |funds raised by shopping online||19||19|||| |Charity Running Expenses|-|||-|||| |Sept 2024 Christ Church Mission Lunch||153|-|153|||| |Concert Oct 2024||1,478|-|1,478|||| |Jan 2025 Christ Church Mission Lunch||193||193|||| ||||||||| |**TOTAL**|**8,275**|**40,226**|**38,530**
**-**|**9,970**|**10,637**|**1,200**|**2,910**| ||||||||| |**Restricted / Designated**
**Fund name**|**Balance @**
**start**
**FY24-25**|
**Income**|**Spend**|**Position as**
**of 28/02/25**|
Of which
income from
Churches /
Groups|
Of which
income from
Businesses|
Of which is
Gift Aid| |Disaster Fund (designated, NOT a Restricted Fund)|9,256|4,689|7,141
-|6,803|||| |Maize||5,625|5,530
-|95|||| |Mosquito Nets||-||-|||| |Milk|1,713|1,561
-|151
-|-|||| |Protection for Education|120|-|120
-|-|||| |Apprentice Sponsorship-Individual||180|-|180|||| |University Bursaries|4,039|2,280|6,041
-|278|||| |Christmas 2024|-|315|-|315|||| |Farm||4,750|4,740
-|10|3,500||| |Truck||863|863
-||||| |HoH Enterprises-Fish, Macadamia|6,496|863
-|3,516
-|2,116|||| |Malawi 2024 trips fundraising||4,000|4,000
-|-|||| |Staff Houses / Loans / Solar / etc|1,675|2,500|2,500
-|1,675|||5,000| |Corporate Donations||22,500|16,193
-|6,307||22,500|| |VTC course materials||1,250|1,240
-|10|||| |**TOTAL**|**23,298**|**46,527**|**52,036**
**-**|**17,790**|**3,500**|**22,500**|**5,000**| ||||||||| |**TOTAL**|**31,573**|**86,753**|**90,566**
**-**|**27,760**|**14,137**|**23,700**|**7,910**| **Charity Name: Charity Number:** ~~po~~ **Malawi Orphan Fund 1110640 Receipts and payments accounts** Period start date Period end date **For the period from To** ~~es~~ 01 March 2024 28 February 2025 ## **Section A Receipts and payments** ~~eee~~ ||||**Unrestricted**|**Unrestricted**||**Restricted /**||**Total funds**||**Total funds**| |---|---|---|---|---|---|---|---|---|---|---| ||||**funds**|**funds**||**Designated funds**||**2024 - 2025**||**2023 - 2024**| |**Receipts**|||**to the nearest £**|||**to the nearest £**||**to the nearest £**||**to the nearest £**| |Child Sponsorship, including Gift Aid|||**24,647**|||||**24,647**||**23,440**| |General, including Gift Aid|||**13,735**|||||**13,735**||**14,936**| |Gift Aid Sponsorship & General||||||||**-**||**1,407**| |funds raised by shopping online|||**19**|**19**||||**19**||**111**| |Sept 2024 Christ Church Mission Lunch|||**153**|**153**||||**153**||**-**| |Jan 2025 Christ Church Mission Lunch|||**193**|**193**||||**193**||**-**| |2023 Christ Church Mission Lunch Jan 2023||||||||**-**||**252**| |2024 Christ Church Mission Lunch Feb 2024||||||||**-**||**626**| |Concert Oct 2024|||**1,478**|**1,478**||||**1,478**||**-**| |Disaster Fund (designated, NOT a Restricted Fu||||||**4,689**||**4,689**||**15,415**| |Maize||||||**5,625**||**5,625**||**-**| |Milk||||||**- 1,561**||**- 1,561**||**375**| |Protection for Education||||||**-**||**-**||**100**| |University Bursaries||||||**2,280**||**2,280**||**4,633**| |Apprentice Sponsorship - Individual||||||**180**||**180**||**-**| |Christmas 2024||||||**315**||**315**||| |Christmas 2023||||||**-**||**-**||**5,115**| |Truck||||||**863**||**863**||**250**| |Secondary School Course Materials||||||**-**||**-**||| |Staff Houses / Loans / Solar / etc||||||**2,500**||**2,500**||**12,500**| |VTC course materials||||||**1,250**||**1,250**||| |Corporate Donations||||||**22,500**||**22,500**||| |Malawi 2024 trips fundraising||||||**4,000**||**4,000**||| |Malawi 2023 trip fundraising||||||||**-**||**23,214**| |Farm||||||**4,750**||**4,750**||**969**| |HoH Enterprises - Fish, Macadamia||||||**- 863**||**- 863**||**6,037**| |||||||||**-**||| |**_Sub total_**|||**40,226**|||**46,527**||**86,753**||**109,379**| |**_Total receipts_**
**Asset and investment sales, etc.**||**-**
**-**
**-**
**-**
**40,226**
**46,527**
**86,753**
**109,379**
~~|~~
~~ee ee~~
~~ee~~
~~|~~
~~|~~
~~|~~||||||||| |**Payments**|**Payments**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted /**
**Designated funds**
**to the nearest £**|**Total funds**
**2024 - 2025**
**to the nearest £**|**Total funds**
**2023 - 2024**
**to the nearest £**| |---|---|---|---|---|---| |Grants|u|**- 33,982**
**- 4,257**
**- 243**
**-**
**- 48**
**-**
**-**||**- 33,982**|**- 34,371**
**- 8,552**
**- 1,400**
**- 48**
**- 450**
**- 1,333**
**- 626**
**- 16,609**
**- 300**
**- 5,075**
**- 10,825**
**- 1,992**
**- 23,511**
**- 250**
**- 1,935**
**- 1,417**
**- 5,115**| |General Expenses||||**- 4,257**|| |Trustees' Expenses (see note 2)|||**-**|**-**|| |Postage and Stationery (see note 3)|||**-**|**-**|| |Fundraising Expenses (see note 4)||||**- 243**|| |VTC Girl's hostel|||**-**|**-**|| |Money Transfer fees|||**-**|**- 48**|| |Clinic|||**-**|**-**|| |2023 Christ Church Mission Lunch Jan 2023|||**-**|**-**|| |2024 Christ Church Mission Lunch Feb 2024|||**-**|**-**|| |Disaster Fund (designated, NOT a Restricted F|||**- 7,141**|**- 7,141**|| |Maize|||**- 5,530**|**- 5,530**|| |Milk|||**- 151**|**- 151**|| |Protection for Education|||**- 120**|**- 120**|| |University Bursaries|||**- 6,041**|**- 6,041**|| |Staff Houses / Loans / Solar / etc|||**- 2,500**|**- 2,500**|| |VTC course materials|||**- 1,240**|**- 1,240**|| |HoH Enterprises - Fish, Macadamia|||**- 3,516**|**- 3,516**|| |Malawi 2024 trips fundraising|||**- 4,000**|**- 4,000**|| |Malawi 2023 trip fundraising||||**-**|| |Corporate Donations|||**- 16,193**
**- 863**|**- 16,193**|| |Truck||||**- 863**|| |Farm|||**- 4,740**|**- 4,740**|| |Building Maintenance||||**-**|| |Christmas 2023 Food Security|||||| |**Asset and investment purchases, etc.**
**_Sub total_**
**_Total payments_**
**_Net of receipts/(payments)_**
**Cash funds last year end**
**Barclays Bank Cash funds this year end**
**Transfers between funds**||**- 38,530**|**- 52,036**|**- 90,566**|**- 113,807**| ||||||| |||**-**|**-**|**-**|
**-**| |||**- 38,530**
**1,696**|||| ||||**- 52,036**|**- 90,566**|**- 113,807**| ||||||| ||||**- 5,508**|**- 3,813**|**- 4,428**| |||**-**
**8,275**|
**-**|
**-**|
**-**| ||||**23,298**|**31,573**|**31,573**| |||**9,970**|**17,790**|**27,760**|**27,145**| **Charity Name: No (if any): Malawi Orphan Fund 1110640** **Receipts and payments accounts** Period start date Period end date **For the period from To** ~~es~~ 01 March 2024 28 February 2025 ~~ee ee~~ ## **Section B Statement of assets and liabilities at the end of the period** ~~ee~~ **Unrestricted Restricted Categories** **Unrestricted Restricted funds funds to nearest £ to nearest £** ## **Cash funds** Balance on Barclays Bank Current Account **9,970 17,790** _**Total cash funds (see note 5)**_ **9,970 17,790** ~~—~~ (agree balances with receipts and payments OK OK account(s)) US dollar bills held securely for a 2025 Trustee visit **7,472** **Amount due to Liabilities nearest £** None **-** Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval **Ruth Janes 30/05/2025** ## **Notes to the Accounts** ~~a~~ ## **1. Foundation and Constitution** This charity is a trust, founded on 6 February 2005 with a donation of £10.00 by the founding trustees, and became a Registered Charity in England and Wales on 29 July 2005. ## **2. Trustees' Expenses** Trustees do not receive any remuneration for their services. Expenses incurred in the performance of the activities of the charity, such as travelling expenses for any visits to Malawi, can be reimbursed out of the charity's funds although in fact they are often not claimed. ## **3. Postage and Stationery** Expenses incurred by trustees on such items as telephone, postage, and stationery have also not always been claimed, which means the expenditure reported may be less than the true cost of the charity's activities. ## **4. Fundraising Expenses** Fundraising expenses may include travel within the UK for a visiting member of the HOH staff to speak to existing sponsors/donors as well as potential new donors about the work at HOH. It may also include costs associated with a fundraising event. ## **5. Restricted vs Unrestricted Funds** Where a specific purpose is defined for the funds they will be held as restricted until spent for that specific purpose ## **Charity Name: Charity Number:** ee **Malawi Orphan Fund 1110640 Receipts and payments accounts** Period start date Period end date **For the period from** 01 March 2024 **To** 28 February 2025 : A ~~EEE~~ **Section A Receipts and payments** |**Section A Receipts and payments**
:
A
~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~|~~EEE~~| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Receipts**|||**Unrestricted funds**
**to the nearest £**||||**Restricted /**
**Designated funds**
**to the nearest £**|||**Total funds 2024 -**
**2025**
**to the nearest £**|||**Total funds**
**2023 - 2024**
**to the nearest £**| |Child Sponsorship, including Gift Aid|||**24,647**||||||**24,647**|**24,647**|||**23,440**| |General, including Gift Aid|||**13,735**||||||**13,735**|**13,735**|||**14,936**| |Gift Aid Sponsorship & General|||||||||**-**|**-**|**-**||**1,407**| |funds raised by shopping online|||**19**|**19**|||||**19**|**19**|**19**||**111**| |Sept 2024 Christ Church Mission Lunch|||**153**||||||**153**|**153**|**153**||**-**| |Jan 2025 Christ Church Mission Lunch|||**193**||||||**193**|**193**|**193**||**-**| |2023 Christ Church Mission Lunch Jan 2023|||||||||**-**|**-**|**-**||**252**| |2024 Christ Church Mission Lunch Feb 2024|||||||||**-**|**-**|**-**||**626**| |Concert Oct 2024|||**1,478**||||||**1,478**|**1,478**|**1,478**||**-**| |Disaster Fund (designated, NOT a Restricted Fun|||||||**4,689**||**4,689**|**4,689**|**4,689**||**15,415**| |Maize|||||||**5,625**||**5,625**|**5,625**|**5,625**||**-**| |Milk|||||||**- 1,561**||**- 1,561**|**- 1,561**|**- 1,561**||**375**| |Protection for Education|||||||**-**||**-**|**-**|**-**||**100**| |University Bursaries|||||||**2,280**||**2,280**|**2,280**|**2,280**||**4,633**| |Apprentice Sponsorship - Individual|||||||**180**||**180**|**180**|**180**||**-**| |Christmas 2024|||||||**315**||**315**|**315**|**315**||| |Christmas 2023|||||||**-**||**-**|**-**|**-**||**5,115**| |Truck|||||||**863**||**863**|**863**|**863**||**250**| |Secondary School Course Materials|||||||**-**||**-**|**-**|**-**||| |Staff Houses / Loans / Solar / etc|||||||**2,500**||**2,500**|**2,500**|**2,500**||**12,500**| |VTC course materials|||||||**1,250**||**1,250**|**1,250**|**1,250**||| |Corporate Donations|||||||**22,500**||**22,500**|**22,500**|||| |Malawi 2024 trips fundraising|||||||**4,000**||**4,000**|**4,000**|**4,000**||| |Malawi 2023 trip fundraising|||||||||**-**|**-**|**-**||**23,214**| |Farm|||||||**4,750**||**4,750**|**4,750**|**4,750**||**969**| |HoH Enterprises - Fish, Macadamia|||||||**- 863**||**- 863**|**- 863**|**- 863**||**6,037**| ||||||||||**-**|**-**|**-**||| |**_Sub total_**|||**40,226**||||**46,527**||**86,753**|**86,753**|||**109,379**| |**_Total receipts_**
**Asset and investment sales, etc.**||**-**
**-**
**-**
**-**
**40,226**
**46,527**
**86,753**
**109,379**
~~|~~
| ee eee
a
|
|
|
||||||||||||| **----- Start of picture text -----**
Restricted / Total funds 2024 - Total funds
Unrestricted funds
Designated funds 2025 2023 - 2024
Payments to the nearest £ to the nearest £ to the nearest £ to the nearest £
Grants - 33,982 - 33,982 - 34,371
General Expenses - 4,257 - 4,257 - 8,552
Trustees' Expenses (see note 2) - -
Postage and Stationery (see note 3) - -
Fundraising Expenses (see note 4) - 243 - 243
VTC Girl's hostel - - - - 1,400
Money Transfer fees - 48 - - 48 - 48
Clinic - - - - 450
2023 Christ Church Mission Lunch Jan 2023 - - - - 1,333
2024 Christ Church Mission Lunch Feb 2024 - - - 626
Disaster Fund (designated, NOT a Restricted Fun - 7,141 - 7,141 - 16,609
Maize - 5,530 - 5,530
Milk - 151 - 151 - 300
Protection for Education - 120 - 120
University Bursaries - 6,041 - 6,041 - 5,075
Staff Houses / Loans / Solar / etc - 2,500 - 2,500 - 10,825
VTC course materials - 1,240 - 1,240
HoH Enterprises - Fish, Macadamia - 3,516 - 3,516 - 1,992
Malawi 2024 trips fundraising - 4,000 - 4,000
Malawi 2023 trip fundraising - - 23,511
Corporate Donations - 16,193 - 16,193
Truck - 863 - 863 - 250
Farm - 4,740 - 4,740 - 1,935
Building Maintenance - - 1,417
Christmas 2023 Food Security - 5,115
Sub total - 38,530 - 52,036 - 90,566 - 113,807
Asset and investment purchases, etc. - - - -
Total payments - 38,530 - 52,036 - 90,566 - 113,807
Net of receipts/(payments) 1,696 - 5,508 - 3,813 - 4,428
Transfers between funds - - - -
Cash funds last year end 8,275 23,298 31,573 31,573
Barclays Bank Cash funds this year end 9,970 17,790 27,760 27,145
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**Charity Name: No (if any): Malawi Orphan Fund 1110640 Receipts and payments accounts** Period start date Period end date **For the period from** 01 March 2024 **To** 28 February 2025 ee ~~ee~~ **Section B Statement of assets and liabilities at the end of the period Categories Unrestricted funds Restricted funds to nearest £ to nearest £ Cash funds** Balance on Barclays Bank Current Account **9,970 17,790** _**Total cash funds (see note 5)**_ **9,970 17,790** — (agree balances with receipts and payments account(s)) OK OK US dollar bills held securely for a 2025 Trustee visit **7,472** es| **Amount due to Liabilities nearest £** None **-** [ Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval **Ruth Janes 30/05/2025** ## **Notes to the Accounts** ~~ee~~ ## **1. Foundation and Constitution** This charity is a trust, founded on 6 February 2005 with a donation of £10.00 by the founding trustees, and became a Registered Charity in England and Wales on 29 July 2005. ## **2. Trustees' Expenses** Trustees do not receive any remuneration for their services. Expenses incurred in the performance of the activities of the charity, such as travelling expenses for any visits to Malawi, can be reimbursed out of the charity's funds although in fact they are often not claimed. ## **3. Postage and Stationery** Expenses incurred by trustees on such items as telephone, postage, and stationery have also not always been claimed, which means the expenditure reported may be less than the true cost of the charity's activities. ## **4. Fundraising Expenses** Fundraising expenses may include travel within the UK for a visiting member of the HOH staff to speak to existing sponsors/donors as well as potential new donors about the work at HOH. It may also include costs associated with a fundraising event. ## **5. Restricted vs Unrestricted Funds** Where a specific purpose is defined for the funds they will be held as restricted until spent for that specific purpose ## Independent examiner's report on the accounts ## Section A ## independent Examiner’s Report Report to the trustees/ MALAWI ORPHAN FUND On accounts for the year 01 Mar 2024 to 28 Feb 2025 Charity number| 1110640 Set out on pages Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The 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: e examine the accounts under section 145 of the Charities Act, e 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 e 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 the examiner’s statement 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 examiner's statement 1. which gives me reasonable cause to believe that in, any material respect, the requirements: e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met ; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
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Name:
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Address:
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Pp (2: Deen Date: 3) Ticly do QS.
FETTER RBARRAINETON FROST
440 THE EORLONGE PUTNOE
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