REGTSTKRED COMPANY F4UMB£R: 05557821 (Englartd alld Wale5) REGISTKRKD CHAIUTYNUMBER: 1111504 CHARITY COMMISSION RT 202 Aij AN TA SE FO TYWO MI DW DE MI ED co FI CRT Limited Flat 24 Wellingtonia Court Laille Close Brigbton East Sussex BNI 6TD
. IVIATERNfrY WORIJ)WIDE LIMITED CONTEwfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfLMBER 2024 Report of the Th15tees I to 6 Jndepelld¢nl ExaMIlle$ Report StatemeDt of Flnaneial AetlvltieS Balance She¢É Notes to tbe FIDalleitil Statemertts 10 lo J5
REPORT OF THE TRusfEES FOR THE YEAR ENDED 311 SEFfEMBER 21)24 The tmstees who are also direc of the charity for the purpjses of the Companies Act 2006. present their report with the fanCIal slat¢ments of the charity for the year ended 30 SeptemlKr 2024. The trustees have adoptsd the provisions of Accounting and RetK)rting by Clthrities: Statement of Recommended Prnctice appjicable to cljarities preparing their accounts ID aGcibrdance with the Financi Rwrttng Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) (¢ff¢ctivc l January 2019)- OBJECTIVES AND AcfiviTtES Objectiv¢s and aims Our Objects The Charity was eslablished lo improve marernal outcomes in developing countiies where maternal mortality and morbidity ar¢ WesL Th¢ Charity's objects ('tt Objxts,) are: - The Womotio preservation and prntection of the health of women undergoing cbildbirth and all matters r¢lating to pregwicy and ¢hildbirth in gen¢raL ad in particular througb the provision or assistance in the WOVAsion of medical or other personn¢l io work maternity units in alljurisdictions; - To carry out researcb into the provision of appropriate maternity units and Servi ill all jurisdiaiofL8' The advancement of the public educaticffl ia all matrerg rejating io pregnancy and childbirtb in general in all jurisdictions. - To procure to be Ppared. prbnted. publis11e or i95ued by all means appropriate sucb papeN books, patnphlets, periodicaJ$ or advertisements as shall fither the objects of the Charity. Pagc I
REGiyfKRED NUMBE. 05557821 REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEtYEKBER 2024 OBJECTIVES AI¥D ACTJVITJES Significant activities Tbe year ending 30th Septetnber 2024 saw a continuation of income Tecovery and Son increase in activity the collntries in which we operate (currentty prnnarify Malawi and Ugxnda). Howevff. as deAcribed in our 2022-23 Ann[1 repor¢ the cost of living crisis in Malawi and Uganda, continued to be a significant challenge emphasising the continued need to ¢nsur¢ the most effective use of the Ch8ritys fimds. We maintain frequeDt communication (nornially at least weekly) with our staff and associated colleagues in Malawi and UgaDd4 but th¢ Truste¢s are of the opinion that a county vi4it by the Chair aodlor another Trvstee in the coming month& will bc ben¢ficial ill givinby us a better understanding of the most ¢fficient use of res<nwces and needs. In J)8rticul8r, such a visit would greatly a55iSt our t]nderstallding of tbe effectiveness of our work in the rnore than 90 villages ijj th¢ Zomba region of Malawi wbicb are the focus of our work in that country. l.n ternis of fundTaisin& we bav¢ significantty illiproved ow fllwicial position con1p th th¢ inmittdiat¢ post-palldemi¢ y¢aTs. Our major sponsoyed event dw 2023-24 was a cycle ride in Nortb YObIre, whl¢h took p18ce in September. This was very su¢ce&sful and enjoyable an(L although mosl of the participanls took advantage of electri bikes being available (excepi for the Chair who insisted on pthl POV4er alone), this did Dot deter frotll the enjoyment and fillaneial success of ihe occasion. Anotber higbb'ght was the particular guccess we enjoyed ill the 2023 Fig Give, Christn)as Challenge, in whicb donations raised by the Cbarity are doubled up io a pre-delerniined target. This raised a re¢ord-br¢aking amount for the Cbarity alld we are especially grateful to those supporters wbo gave so generously through pledges and all the donors who ensured that our largel would be me¢ thus ¢Thlurll the doubling of our fijndraising from the evenL MalAwi - Zotnba Distrlct Tkle Maternity Worldwide - Enhancitig od Maintaining Meternaj and Neonatal Health in Rural Zomba project has continued to rnake m¢aningful pr(wess acr055 91 village5 under Traditional Authorities Mwaml)0 and Chikowi. So far, the project 1$ working with 84 wThnen's groups reaching 2,840 members. ThTOU8h regular Participatory Learning and Action (PLA) session4 group membets have galned knowledge OD danger signs in pregnancy, safe delivery practices, Ond newborn care. For example. in Chingyondo village. o mother succe55fully recognized signs of pre-eclamp8i& early and sought care, resulting in a safe delivery-a dircct outcome of PLA training. The increased preyence of Hèalth Surveillance Assistaiits (HSAS) in the villages has also irnpraved acce&s to antenatal services and treatment of millor illnesses. Village clint¢s are now held montknty in at1¢> 30 carnmuDiti&% drastically reducing the need ft)r long-distallce travel to health conters. The project has also etnpoweTed wom¢n througb integrated ewnomic and bcalth education approache8. Many groups hgve started smaJl-scal¢ busine&8es such as tslloring and px)ultry farniing. one group in Nsondole reported using proceeds from their busin8 lo purcbas¢ soap and fabric for expedant mothers in the community. Furthern]or¢, in partne1p wlth a loc nutritioD expert, the project has iDtrcduced community-l¢d hygi¢ne 8nd nutrition talks, wbich have led to obs¢rv¢d improvenwtts ID home bygiene PTacticeo. Overnll. 1hese efforts have contributed to an ¢stim&ted 350/0 Incre in early aJJÉenata] bookings and a noticeable decline in home birlbs, a¢¢ording to cliDiC reports from Zornba Central Hospital. These oulcoJn¢3 demonstrare that the Combinlon of health educalion, ¢ommunity ownership, and economic 5UPPOrt 1$ not only iJDproving maternal and neoDatat beajth but also building sustainable resilience at the household aDd community levels. Uganda - Hoima and Maslndl Districts 'rbe overall Strate of our work in Uganda MaTt}ed to work with parth¢rs in local coJnmuniti¢s to deliver ¢ffe¢tive, efficient and sustaiDable materna] healthcare progranllnes. These p•tnerships are essential baUs4 An tbe Hoima and Magin41i districts where our work is fll¥t¢ current bealthcwr seTvicey are fragmen4 especially in the rur.al areas. Our partnus include: th¢ District Heahb Office. HolD Refe1 HospiwL the Princess Al¢xandrAa Health Centre IV (fomerly known as the Aztsr Maternity Clinic) and the Allglican Diocese which is the largest provider of Community health servi¢es. Maternity Worldwide funded ¢onstniction and the setting up of tbe Kiryabathzi Maternity Centr¢ whicb was handed over to the Anglican Di(Kes¢ and h&5 been fulty operational since 20] 7. It is now called the Kiryabatuzi Church of Uganda H¢a]th Centre lll. Higblights of WO ditig the year 202312024 inGmd.. Page 2
EGISTERED 14UMBEIi: 05557K21 REPORT OF THE TRUSfEES FOR THE YEAR ENDED 30 SEFfEIIIBER 2Q24 OBJECTIVES AYJ D AcfiviTIES .ContinuiDg to provide fanCial and governance supwtL including sa]8ries ofthe midwives at the health centre. . Farilitating th¢ SpOrt of 67 8ucce&sful deliveries at tho health ntr¢. 7 r¢ferrals to Hoima Referral Hospital and th¢ Prin¢¢ss Alcxath H¢ahh Celltre IV and c8ryiDg out 757 antellat appointments io the clinic and local community - ContiDuinglo support vi( H¢ahb Teams (VHTS). This is a learn of v0hteeT3 Ibat support health services at village l¢v¢l. We trdined them at the begin of ttje programn Work in Uganda and continue to provide updates to them so they Can suppon with health promotion, mobiliza¢lo sensitization and referral of Pre wonjen to appropriats support and seTvices. During this year they refeff 149 women from the community to maternat health support. - ContinuiDg partDersbip working and att¢ndan¢e at engagement meetings with existing partsjers such as District Health Officer (Hoima District Local Government). thè Dioces¢. Save the mothe East Afric& and World visio Uganda artd Hampshire Hoima Hospital Charity. - Participaiit)g in the IDternalional Day of the Midwives events and celebrntions in May 2024 - Worked Thiih our parthers Tn the DI ia the peTiLxI of trSition &8 the new Bishop and leadership t¢am was appoillted ID tbe SUDllner of 2024. Public benefit In shapirLg our objectives and plamiing our activities for the year. the Trusle&s have giveD consideration to the guidance giveD by the Charity Commission. In particular. the Trustees have CO]dered how the planned tIvItieS will Contribute to the overall aims and objectives that they have set. The TTUStees believe that this is de1n0%tra1ed in the report. Policies update Follo7ng our comprehensive revision of lICIeS in 2020-21, during the 2023-24 ycar. thc Charity focused on updating only where Deces5ary. FIIYANCIAL REVtKw FinAnclal revlew Our total income for the year was £61.480 compared to L54.584 ID 2022-23 (an increase of12.6Yo ). We are fortunate to hav¢ loyal and supportive donors an although we were able to yesume some find-rdiSiDg ev¢nts after the restrictions ass0¢iated with the Covid paDd¢mi4 these have not yet been abj¢ to match pre-pand¢mic lev¢ts. Our total expenditure for the year was £49.935 (£60257 202212023). At Ihe end of the year w¢ held funds of £19,273 (2022r2023 £7,728). £6.048 of these funds were Testricte Reserves polley The Charity aims to hold reserves to ¢over: - Unforeseen tmergenoies . Continuity of operations, both overseas and in tbe UK, if soue$ of income duce UDexpectedly - Planned commitments that cannot be met by futwe incorne alone, sucb as the pur¢hase of an asset - Short-term deficils in ¢ash budgets sucb as project expwdirure in advance of receipt of a grant The level of reserves required and available at any one time is assessed wilb reference to these policies and is reviewed on at Least a quarterly basis. We cot]sider that, in the absence of circuD)stsnces described above, three rnonth&' rUlln1, costs (UK) and one month rtmni costs (overseas) is the minimum level io eDsure op¢rarional contitiuity throughout peaks and trougbs of income. In the previo$ three years due to limited fundraising a¢tivities and targets not being met, At was n¢cessary to use reserves and for the Board to cOntuaLlY review income and exi)endi(ur¢ v¢ry closely to ensur¢ maintenance of project aclivity and prot¢¢tion of restricted income. Fortw)at¢ty in 2023-24, we hav¢ been able to revert to the reseryes poJi¢y sL3ted above. Asset cover for fvnds The Trustees consits thattbe assets of the Cb&ity are sufficient to meet the thity'S ob]igation as a lld by fund bagis. Page 3
MATERNTfY WORLDWIDE LIWTED ECISTERED NUMBER: 055571 REPORT OF THE TRusfEES FOR THE YEAR EIYDED 30 SEFfEMBER 2024 FirruRE PLANS COUNTRY PLANS FOR2025 Malawi In 2021, we TognIsed the need to exthd our work to 10 isolated villages and this wodo ha% been ongoing. In one of these villages (Mlilima), our Materntty Wortdwide (MalaiFi) team. were appToached by local villagers for support to help them build a Health Posf. W¢ ar¢ cUtntLY sc¢king fimding for a Heahb P05t which would support, not only Mlilima (popu]ation 3,760), but abo a wider group of villages (esiD)iattd total population 35.000). The clinic would provlde oUt-Ient, antenatal and and ART (anti-retrovral therapy) seTViC¢& mlilin is currently 34 lan from the near¢st clinic and 119 km from Zomba matn hospitaL Mlilima villaby¢ has a]ready secured the land and produced the bricks for the Proj1. In other clinic6. the Eocal governmem has provided sta[D8 to take it fonvard and we would expect that Ibis would apply to Mlilinu H¢alth POSL Maternity Worldwide would expect to ¢ontribute to staff training for the Healtb POSL Uganda . ltt Uganda in 2024r2025 we ainj to: . Develop ow relationsbip with the new Bishop and his leadership ieam and continue lo work closely in partllership with the Docese and provide ongoing governance and financial support. - Continue to r¢view the uptake and imw of services at the Kiryabatuzi Church of Uganda Health Centre III. - Ill partsjership witb the Dicoese explore new Options for the promotion of services which are available and continue to prioriri$e th¥ uptake of antenatal seryi¢es both atthe clinic and in the I1 nwal community - Strengthen partDeTships with local rnatenl healtb NGOS and facilities - Particlte in the plaRDinE and contribute to the Internatk)nal Day of the Midwife events ID Hoima in 2025 STRUCTURE GOVERNANCE AND MANAGEMENT Goverlling document Maternity Worldwide Limited was incorporated x)n 8th September 2005 (Tegistered company Thumber . 05557821). It Tec¢ived rharitable status on 29th SeptemlKr 2005 (reOred charity number I 111504). Th¢ Charity 1$ a company limited by guar8ntee and is 8overn¢d by its M¢morandutn aDd Arti¢1¢s of Associ&tion datsd 8th September 2005. R¢¢rbitmeht and app)IntmeDt of Bew trust¢es The Memorandum and Articles of Associatioa outline th¢ dire¢tOTS' powers and prin¢ipl¢s for the effective management and administration of the Cb8rity and trtte¢S, including methods for the appoloirnent aDd removal trf truste¢s. minimum number of directOTsltrust¢es is thr¢e.' there is no maximum mLmber. The Board regularly Teviews its own skill set, and the Cbarity aims to advertise rru5tee vacaucies as widely as is praclicable with a view to maintaining a diverse Board with the full rang¢ of skills and qualiries required for overseein8 and growing an int¢rDalional ¢h8rity. Organi8atiollal $¢ru¢tur¢ The Board norDlY meets * least fiv¢ tirnes a year, and sets long tem plans and orgatiisational policies of the Charity. The Board also aims to hold shorter. more frequent meetllw as required CBoard Lile). Th¢ Board also sets and monitors the annual budgeL approves the annual accounts, reviews Ibe risks fa¢iDgi ihe Charity. Day to day managenlellt of the Charity is norn)ally undertaken by a Managemeth Teanj of twothee tnte¢S (the Chair. Secretary and one other board meD]ber), who meet T¢gu]arty. Page 4
MATERNTfY WORLDWIDE LIMTfED ISTERED NUMBER: 05557821 REPORT OF THE TRUSTEES FOR THE YEAR INDED 30 SEvfEMBER 2(124 STRUCTURE, GOVERNANCE AI¥D AGEmE Safeguarding Mat£rnity Worldwide is committed to the protection and safeguarding of all childw young peiwle and adults alld to conducting its progrnmmes in a nMtllr that is safe for those we serve. We have safeguarding wlicies which airn to protect children. yong people and adults with whotn Maternity Worldwide Con into contac¢ providing staff and volunteers with th¢ overarchiog prtncipies that guide our appr(wh tr* sAfegu our p)11$ reviewed aDnually or tnoro frequentty if required. Agreements with partners (Memordnda of UndeysLd1ng) Also include a clause r¢lating to these poliGi¢s which requlre partners to acknowledge th¢ existet)ce and the expectation of complian¢¢. Two Mat¢rnity Worldwide trust¢es are safeguarding leads who are infonned of any CODceyns and also available to provide sUPPOrt and advice. Th¢re were bo safeguarding in¢idents during the period 2023-2024. Induetlon and tr&inlDg of new trnstee5 The indLt¢tion process for new Board nllber$ includes me¢tings with ihe Chair, other tn and the staff to provid¢ an overview of tbe objectives, operations a[ strategic direction of the Charity. New Board berS are provided with relevant traini do¢vm¢niS and policies and acc to InfOrntion aboth the gov¢rnance and work of th¢ CbaLIty. R15k managemenl The Charity has a process ID pla¢e whicb meets Ébe Charity ComD)ission's ddail¢d guidaneA on risk management. The Board Dndertakes an aDnual delailed ¢x8miDarion of the prtncipal areas of the Cbarity's operations in order to consider tbe major risks red in each of these areas. The Board also assesses wbai action needs to be iaken lo reduce or n]itigate the chity'S exposure ro those risks. These fdIn5 are used to upxlate the Charitys risk register. Risk is a standing item ar all Board meeiitigs and Board Suroups are requirEd to report lo the Board prior to each meeting on any risk matt¢rs arising in the $¢ quarter. Urgent risk issues are escalaled to tbe Board as they occur and are addressed as a priority. We consider one of the biggest risks the chan'ty continlles lo face is the failure to achieve growth against a sityation where most of efforts bave to be applied to maintaill our country infr&stTUCturc with only limited growth possiblo. The Trustees Temain of thc vlew that fillther strengthcning of fundtaising 8Ctivity is cti&l lo re-establishing growth in the coming yrars. REFERENCE AND ADMtNISTRATIVE DETATIS Reglstered Company number 05557821 (England and Wales) Registered eharlty number 1111504 Reglstered offlc¢ ComniLU]ity Base 113 QueeDS Road Brigl]ton East Su55eX BNL3XG Trust¢¢s Dr A C BrowD (Chair) Ms M Russell (Se¢retary) Prof S B Brown Independellt Examiner Christopher Robert Tyler FCA DChA FCIE FI CRT Limited Flat 24 Wellingtonla Coort Laine Close Brights)n East Sussex BNI 6TD Page 5
MATERI¥ITY WORLDWIDE LlhliTED GISTERED NUMBER: 055571 REPORT OF THE TRUSTEES FOR THK YEAR EIYDED 30 SEPTEMBER 2024 REFERENCE AIYD ADTrllNisfRATIVE DETAILS Company Serretary Ms M Russell Bankers HSBC 153 North Street Brightor( BNI ISW Websitt www.maternityworldwide.or8 Charlty Nam¢ Matsrnity Worldwide Limit¢d Working Name Makrnity Worldwide STATEMENT OF TRUSTEES, RESPONSIBILrriES T&e trustees (who are also the directots of Maternity Worldwide Limited for the purwses of compaDy law) are responsible for preyaring the Report of the Trnsoes and the fmancial statements in a¢cordance with applicable law And United Kingdom AccouDtiDg Standards rtited Kingdom Generally Accepted Amting Practice). Company law ¥equires the tntee8 lo prepare fmancial statements for each fjnancial year whieh give a tnie And fair view of the state of affairs of th¢ charitable company and of the incoming r¢sources and application of re50UTces. including th¢ incarne and expenditure. of the charitable ¢ompeny for thal wiod. In prqjaring those financtal st&teEnentg, the trustees are required to selecl suitable accounting w)licies and then appty them coLsistcntty: observe the methods and principles in the Charity SORP" make judgements and estitnal&% that aTe reasonabl¢ and prudent; ptepare the fmancial statements on rhe going concern basis un]e53 it is inappropriate to presknme that the charitable company will continue in business. The trustees are reSnSIble for keeping proper accounting records which disclose with reasonable accuracy at any tlthe th¢ fmancial position of the charitable company and to enable them io ensure that the fmancial statejnentg Cotnply Mryth the eompanies Act 2(KJ6. Tbey 8re al80 respmsiBle for safeguarding th¢ assets of the charitsble con)pany and hollce for takingT reasoDable steps for the prevenlion and detection of fraud and oth¢r irregujarities. 20&5 Approvod by order of the board of tStee8 on ........ .. and OD its behalf by. MS M Russell - Trust¢¢ Pc6
INDFPENDENT EXATrItNEIi'S REPORT TO THE TRUSTEES OF MATERNfEY woRiJ)WIDE LIMtTED llldependent examiner's report to the trnstLYS of Materntty Worldwide Limitcd Cthe Cornpan) I report to the charity trusws on my examrnation of th¢ accounts of the Company for the year ended 30 Septetnber 2024. Responsibilities and basis of report As the charity's th]slees ofthe Company (and also its directors for the purFK)ses of compw knv) you are responsible for the preparation of ihe accoutts in accordance Mryth. the requirements of the Companies Act 2006 Cthe 2006 Act,). Having salisfied mysejf that the accoullts of the Company are not r¢quir¢d io be 8lldited uuder Part 16 of the 2006 Act and are eligibl¢ for indepe1ell¢ ¢Xaminats0 I report in r¢sCt of my eXaminlOn of your charity's accounts as carried out under Section 145 of the Chariti¢s Act 2011 (Ihe 2011 Act). In CéTrying oul Jny ¢xaminatioll I have followed the Directions giv¢n by the Charity Commis8ioo unde¥ Section 145(5) (b) of the 2011 ACL Independent examiner's ststement I have ¢ompleled my examinalion. I confirm th2È no matteTr have co1))e lo my aiiention in connection with the exaEnination giving Cause to beli¢ve: accounting re¢ords were nrt kept ID respeet of the Comw)y as required by Section 386 of the 2006 Act. or the accounts do not accord with thos¢ records; or the accounts do not comply with the attoullting requirements of Section 396 of th¢ 2(rf)6 A¢t othet than any requiremeni thai the accounts giv¢ a ¢rne and fair view 1¢h is not a nLgtter CODSAdered as part of an independent, examinthon. or the account$ have not been prepared in accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by cb8ritie$ (applicable to cbarities preparing th¢ir accounts in ac¢ordance with the Financial Repffiing Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no ¢ODcerns apd have come across no other matters in connertron with the examination to whicb attention should be dramm in this report in order to enable a proper understsnding of the accounls to be reacbed. Christoph¢r Robcrt Tyl¢r FCA DChA FCIE FI CRT Limited Flat 24 Wellingtonia Court Laine Close Brighton East Sussex BNI 6TD Page 7
MATERNrrY WOlUDWlDE LIMITED STATEMENT OF FJNANCIAL AcnvrriES FOR THE Y£AR ENDED 30 sEFfEIIIBER 2024 2024 Totsl funds 2023 Total funds fund Notes Donations and legacies 40242 40,242 41,924 Oth¢r trading activities Illvestffitht income 21.116 122 21,Il6 122 12,503 157 Total 61,480 61,480 54,584 EXPENDITiJRE ON Ratsing funds 6,618 6,618 2,145 Cbaritable oetlvltfies .Project activities 43.317 43,317 58,112 Total 49,935 49,935 60,257 NET INCOME/(EXPENDrruRE) lJ,545 11,545 (5,673) RECONCILIATION OF FUNDS Total fund5 brought forward 1.680 6.048 7,728 13,401 TOTAL FUIYDS CARRIED FORWARD 13225 19.273 7,728 The notes foun part of these financial stateTn Page
MATERNrrY WORIJ)WIDE LIMFTED RED NUIFIBER: 05557821 BALANCE SHEET 30 SEPTELVLBER 2024 2024 Total 2023 Total funds Unrestricled ftmd Restricted Notes CURRENT ASSETS Cash at bank 15.)94 6.1)48 21,442 9.867 CREDTTORS An]ounts falliDg due within one year 13 (2,169) (2,169) (2,139) NET CURRENT A&SETS 13225 6,048 19,273 7,723 TOTALASSETS LESS CURRENT LIABILITIES 13225 6,048 19,273 7,728 NET ASSETS 13225 6,048 19,273 7,728 14 Unrestricted fi)nds Restricted funds 13,225 6,048 1,680 6,048 TOTAL FUNDS 19,273 7,728 The charitable compauy is entitled to exemption from audit undeT Section 477 of the Cotllpanie$ Act 2006 for the year ended 30 September 2024. The methbeTS bave not rwEired thc company to obtain an audit of its financial statemcnts for the year gndod 30 Septcmber 2024 in accordwK¢ with Section 476 of the Cornpallie5 Act 2006. The trustees acknowledoe their responsil>i]itie3 fi)r (a) ensuTiDg that the charitable conwny k¢¢ps accounting ¢0[dS that runply with Scctions 386 and 357 of the Comtwiies Act 2006 at)d (b) preparing financial statenKuts whtch brivp a true and fair view of the stale of affairs of th¢ charitable compony as at the end of each financial year and of its surplus or deficit for each fmancial yw in accordance the requirements of Sections 394 aod 395 and otherwise comply with th¢ r¢quircllts of th¢ Compani¢s Act 2006 relating to financial statemeoty so far as applicable to the charitable compaoy. These fLnaDcial slatem¢nrs have been prepared in a¢¢ord8n¢¢ with the provisioDs applicable to charitable companies subject to the Small oompaoies regime. The financial statements were approved by the Board of Trnstees and authorised for issue on .. and were signed on its behalf by: M Russell- Trustee The llotes fiprni part of the5c financial statem Pag¢ 9
MATERNrrY WORLDWIDE LIMrrED NOTES TO THE FJNANCIAL STATEME FOR THE YEAR ENDED 30 SEFfEMBER 2024 ACCOUNTING POLICIES Basis of prepydring the fllwieiql statements The financial statem¢Dts of the charitable company, which is a pub]ic bcn¢fit entity under FRS102, have been prepared in accordanLY with the Charities SORP (FRSI 02) 'Accountillg and Reporting by Cbarities: Statetnent of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Standard applicable in th¢ UK aod Republic of Treland (FRS102) (¢ffediv¢ l January 2019y, Finallcial Reporting Standard FRS102 The Financial Rep)rting Standard applicable in th¢ UK and Republic of Ireland, and the CompaDies Act 2006. Tbe fmancial statements have been prepared under the histori¢al wst convention. The accounts are prepared tn sterlin& lCb is the fuDCtiona] cuTncY ol'the charity. Mooetary amounts in these fmaD¢ial statements are rnunded to the nwest £. The trusteesldirectors consider that th¢r¢ are no material uncertainties about the companys ability to continue as a ¥oing concern. Income AIE income is reco)ised in the Sratement of Financial Activities once the cbarity bas entitlement to the fLd8, it is probable that the income will be rtceived and the 8moLllt can be measured reliably. Expeodllure LiabiLities are re¢OLSed &8 expenditure as 500n as there is a legal or ¢onslNcltve obligation comn]itting the charity to that expenditure, it is probable that a transfer of economic benefits will be requiTed in settlejnent and the amount of the obligation Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that a88rega* all Lst related to the category. Where costs cannot be directly attributed lo particular headings they have becn 8llo¢&ed to activities on a basis coDyistent with the use of re$ources. Tanglbk red assets Tallgyible fixed assets costiDg llre th8n £500 are capitsjised and included at cost including any incident&l expenses of acquisition. Depreciation is provid on all tsngible fixed at rate5 Calculat to write off the cost on a 8trRi8ht line basis over th¢ir expected useful economic IiY&8 as follows '. Computer equipment- 3 yffar5 straight line. Project capital expeDditwe- l year ¢xpenditute 13 InCued. Taxation The Charitys considwEd to pass the tests set out in Para8rapb I Schedule 6 Finanrx Act 2010 and therefore it raeets the d¢finition of a cbaritable company for UK corporation tax pury)05es. Accordingly the Charity L5 potentially exempt from raxation in respect of iDcome or capital gains received within categories covered by Cbapter 3 Part I I Corporalion Tax Act 2010 or Section 256 of the Taxaiion of Cbargeable GaiDS Act 1992, to tho extent that such iDcome or gains are applied fAch]sivety to ¢haritable purposes. Fund accounth)g UnrestrACted thnds can be used in accordance with the charitable objectives at the disottion of the trustees. Restricted funds can ODly be used for particular restricted purposes within the objects of the charity. Restrictions arise Nvhen specifjed by the donor or wheft fjjllds are ralsed fol particular restricted purposes. Further explanation of the nature and purpose of eacll fund is Includ in the notes to the fllwicial statements. Page 10 continued...
IVIATERNITY WORLDWIDE LIMITED NOTES TO THE FINIlNCL4L STATEhtEYJ rs . eontinued FOR THE YEAR ENDED 30 SEFfEMBER 2024 DONATIONS AYJ D LEGACIES 2024 2023 Donations - single Donations- regular Gift aid lax Legacies 16,043 16.675 7.524 15.240 15,843 5,841 5,000 40,242 41,924 OTHER TRADING AcfIvITs 2024 2023 FwthisinsF Ovenls 21,116 12,503 INVESTMENT INCOME 2024 2023 Deposit accouirt interest 122 1$7 Cl£4RABLE A1VITIEs COSTS Direct Costs (see not¢ 6) Support costs (see Dote 7) Totals Project activities 31,453 11,864 43,317 DIRECT COSTS OF CHARITABLE ACTIVITIFS 2024 2023 Programmatic activty - dir¢rt 31.453 44,160 SUPPORT COSTS Management Proi¢¢t activiti¢s 11,864 Pagell continued...
MATERNrrY WORLDWIDE LIMITED NOTES TO THE FINAIYCIAL ST ATEJJ ffKrs - colltinued FOR THE YEAR ENDED 30 SEpfLMBER 2024 SUPPORT cosrs- eontinneal Support cost4 included in the above, are follows: 2024 Project activities 2023 Total activities Prograthme activity. support Independent exalatiOn Manag¢menl costs 5,161 2,160 4,543 6,515 2,160 5,277 11,864 13,952 TRUSTEES, REMUNERATION AND BENEFITS Tbere w¢r¢ no truslees, renmumrion or other benefits for the year ended 30 September 2024 nor for the year end¢d 30 September 2023. Tru$tets' expenses Ch)e trste4 was reinjbursed travel expeDs¢s amounting to £34 (2023 . £nil). STAFF COSTS Staff costs duriDg the year were a8 foll0v .' 2024 2023 UK StalTCosts Wages wid salaries Socia] s¢curity costs Pension cost Ovtrseas Staff Costs 21 The nu]Dber of UK empl0c8 based on headcount was nil (2023: nil). No ¢[nployS received eJDohunents in exce&s of £60,0(KJ (2023: none). The ¢barity considers its key ngement personnel to be the Itees. The trustees received no tetsuneration or benefits from the charity.. Page 12 continued...
NOTES TO THE FINANCIAL sTATEIE5 . eontinued FOR THE YEAR ENDED 30 SEFfEMBER 21n4 Jo. COMPARATIVES FOR THE STATLMEwf OF FINAIYCIAL AcfiviTIES 2023 Total funds fund fidS INCOME AND ENDOWMEwfs FROM Donations and legacies 41,924 41.924 Other tsading acliviti¢s JmvestmeDI iD¢ome 12,503 157 12,503 157 Total 54,584 54,584 EXPETr4DrruRE ON Raising fid$ 2,145 2,145 Charitable activiti Project activities 58,112 58,112 Total 60,257 60,257 NET IF4COMEI(EXPENDrruRE) Transfers betweeo funds (5,673) 7,087 (5,673) (7,087) Iyel movement In fuDdJ 1,414 (7,087) (5,673) RECONCILIATION OF FUNDS Tolal funds brou8ht forward 266 13,135 13,401 TOTAL FUNDS CARRIED FORWARD 1,680 6,048 7,728 11. INTANGIBLE FIXED ASSETS Wobslte COST Al J Octob¢T 2023 and 30 Septemb¢r 2024 7,926 AMORTISATION Al J October 2023 and 30 S• 2024 7.926 NET BOOK VALUE At 30 September 2024 AI 30 September 2023 contiDued...
MATERNrrY WORLDWIDE LIMITED NOTCI S TO THE FINANCIAL ATEmENTs . cootinu] FOR THE YEAR ENDED 30 SEYfEMBER 2024 12. TANGTBLE FIXED ASSETS Plant and rlltings Totals At l Octob¢r 2023 and 30 September 2024 14.605 61,245 DEPRECIATION At l October 2023 and 30 Septetllber 2024 14,605 61,245 NET BOOK VALUE At 30 September 2024 At 30 Septtmber 2023 13. CREDTTORS: AMourS FALLING DUE WITHiLY ONE YEAR 2024 2023 Trade Creditors Ac¢Ned expenses 329 1.840 299 1,840 2,169 2,139 14. MOVEMEwf TN FUNDS Net movement in fimds At 1.10.23 At 30.9.24 Unrestrlet¢d funds GeneIal fimd 1.680 11,545 13,225 Reslrlcted funds Debbi Jupp (Malawi) Funding Network (Ethiopia) 18 6.030 18 6,030 6.048 6,048 TOTAL FUNDS 7,728 11,545 19,273 Net movem¢nt in funds, included in the above are follows: Incoming resources Resources expended Movement in funds Unrestrleted funds General fund 61,480 (49,935) 11,545 TOTAL FUNDS 61,480 (49,935) 11,545 Page 14 continued...
NOTES TO THE FINANaAL STATEIWENTS- conttnued FOR THE YEAR ENDED 30 sEvfEMBER 2024 14. MOVEMENT IN FUNDS- Continued Comparativa for movement in Net llM)vemeJrt in fijfjds Transfers between funds At 30,9.23 1.10.22 Unr¢strieltd General fund 266 (5,673) 7,087 1,680 Rostrlcted funds D¢bbi Jupp (Malawi) Funding Network (Ethiopia) Malawi ADaesthetic Ma¢hine 18 6,030 7,087 18 6,030 (7,087) 13,135 {7,087) 6,048 TOTAL FUNDS 13,401 (5,673) 7,728 Comparative net movetnent in fimd¥ included in the above are fojjows: Incomig Resources expended Movement in fld$ Unre8lrleled funds General futKI 54,584 (60,257) (5,673) TOTAL FUM>S ,. 54.584 (60.257) (5,673) 15. RELATED PARTY DISCiA)SURES There W¢Te no related paty transactions for tb¢ year ded 30 Scptember 2024. Page J5