##
##
##
|Trustees||AJ Smith||||
|---|---|---|---|---|---|
|||Miss J M Smith||||
|||VKOwen||||
|||D Haworth||||
|Charity|number|1115608||||
|Principal|address|Atlas Works||||
|||Paragon
Road||||
|||Longton||||
|||Stoke on Trent||||
|||ST31NR||||
|Auditor||Price Pearson||||
|||Finch House||||
|||28-30 Wolverhampton||Street||
|||Dudley||||
|||West Midlands||||
|||DY1 1DB||||
|Bankers||HSBC Bank|Pic|||
|||Coventry
DSC||||
|||Harry Weston Road||||
|||Binley||||
|||Coventry||||
|||CV3 2TQ||||
|||First Capital|Bank Malawi||Limited|
|||Livingstone|Towers|||
|||Glyn Jones|Road|||
|||Private Bag|122|||
|||Blantyre||||
|||Malawi||||
##
##
|||Page|
|---|---|---|
|Trustees'
report||t -7|
|Independent
auditor's|report|8 - 11|
|Statement offinancial|activities|12|
|Balance sheet||13|
|Statement ofcash flows||14|
|Notes to the financial|statements|15-28|
##
##
##
##
##
##
|Mother Teresa Catholic Nursery
School|-Completed|
|---|---|
|St Kizito Catholic Primary School|-Completed|
|Carlo Acutis Catholic
High School|-Completed|
|StJohn Paul
II Catholic College|-Completed|
|Mother Teresa outreach
& family support|-Completed|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Notes|funds
f|fundsf|2021
6|2020
F|
|Donations
and legacies|||859,546|3,495|863,041|1,354,713|
|Other trading
activities|||331,530||331,530|362,885|
|Other income|||89,433||89,433|109,374|
|Total income|||1,280,509|3,495|1,284,004|1,826,972|
|EtgtetttotuttLtt0;|||||||
|Raising funds||6|138,593||138,593|152,555|
|Charitable
activities||7|1,100,659|7,914|1,108,573|2,176,511|
|Support
&governance||9|371,912||371,912|347,090|
|Total resources expended|||1,611,164|7,914|1,619,078|2,676,156|
|Net income/(expenditure)|for the year/||||||
|Net movement
in funds|||(330,655)|(4,419)|(335,074)|(849,184)|
|Fund balances at 1 January|2021||1,145,465|4,469|1,149,934|1,999,118|
|Fund balances at 31 December 2021|||814,810|50|814,860|1,149,934|
##
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|f||f||
|Fixed assets||||||||
|Tangible assets|||12||365,298||422,270|
|Investment|properties||13||423,750||423,750|
||||||789,048||846,020|
|Current assets||||||||
|Stocks|||14|108,256||102,179||
|Debtors|||16|30,660||34,962||
|Cash at bank and in||hand||26,100||263,986||
|||||165,016||401,127||
|Creditors:|amounts|falling due within|17|||||
|one year||||(139,204)||(97,213)||
|Net current|assets||||25,812||303,914|
|Total assets less current liabilities|||||814,860||1,149,934|
|Income funds||||||||
|Restricted|funds||18||50||4,469|
|Unrestricted|funds||||814,810||1,145,465|
||||||814,860||1,149,934|
##
##
##
||||Notes|2021
f||2020
f||
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||||(235,628)||(806,318)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(2,258)||(798)||
|Net cash|used
in investing|activities|||(2,258)||(798)|
|Net cash|used in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(237,886)||(807,116)|
|Cash and|cash equivalents|at beginning|ofyear||263,986||1,071,102|
|Cash and|cash equivalents|at end of|year||26,100||263,986|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||2021
6|2021f|2021
6|2020|
|Donations|and gifts||859,546|3,495|863,041|1,354,713|
|Forthe year ended 31 December 2020|||1,353,088|1,625||1,354,713|
|Other trading||activities|||||
||||||2021|2020|
|Covid appeal income||||||8,698|
|Revenue|from|sales|||23,847|70,940|
|Elephant|bike|sales|||177,320|189,752|
|Cycle ofgoods sales|||||130,363|93,495|
||||||331,530|362,885|
##
##
##
|||2021|2020|
|---|---|---|---|
|||5|5|
|Other income||84,313|69,650|
|Coronavirus|Job Retention Scheme Income|5,120|39,724|
|||89,433|109,374|
##
##
##
##
|||2021|2020|
|---|---|---|---|
|F||||
|Advertising
~T~in|&t|12,907|7,986|
|Elephant
bike costs
Cycle ofgoods costs
Postage||44,242
50,904
30,540|53,017
60,557
30,995|
|||138,593|152,555|
##
##
##
||Malawi|Seibo|Nigeria|Kenya|Sierra|Total|Total|
|---|---|---|---|---|---|---|---|
||||||Leone|2021|2020|
||2021
6|2021
S|2021f|2021
6|2021
f|||
|Staff costs
Charitable
expenditure|39,004
254,347|||||39,004
254,347|151,475
404,506|
|Shipping - exports
Transport costs (collections)|45,828|||||45,828|32,257
6|
|Volunteer expenses
Covid appeal payments|29,799|||||29,799|21,277
8,698|
||368,978|||||368,978|618,219|
|Grant funding
ofactivities (see note 8)|600,000|135,925|||3,670|739,595|1,558,292|
||968,978|135,925|||3,670|1,108,573|2,176,511|
|Analysis
by fund||||||||
|Unrestricted
funds
Restricted funds|963,244
5,734|133,745
2,180|||3,670|1,100,659
7,914|2,175,957
554|
||968,978|135,925|||3,670|1,108,573|2,176,511|
|For the year ended 31 December 2020||||||||
|Unrestricted
funds
Restricted funds|1,969,278
554|191,667|4,718|10,294|||2,175,957
554|
||1,969,832|191,667|4,718|10,294|||2,176,511|
##
##
##
|||||Malawi||Seibo|Sierra|Sierra|Total|Total|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Leone|||2021||
|||||2021
6||2021f||2021f||||
|Grants to institutions||(9grants):||||||||||
|Construction
and provision
School meals
Stations ofthe cross|||ofservices|600,000|135,925||||600,000
135,925||1,351,613
191,667
15,012|
|Action for Rural community||||||||||||
|transformation|||||||3,670||3,670|||
|||||600,000|135,925||3,670||739,595||1,558,292|
|||||Governance||||||||
|Support costs||||||||||||
||||Support costs||||2021||2020|Basis|of|
||||||costa|||||allocation||
||||||8|||||||
|Staff costs||||246,365|||246,365|215,993||Stalf time||
|Depreciation||||59,230|||59,230||68,192|Actual||
|Exchange gains
Business rates
General
insurance||||3,872
7,418|||3,872
7,418||(3,351)
4,601
6,195|Actual
Actual
Actual||
|Utilities||||23,379|||23,379||9,094|Actual||
|Motor running
costs||||3,322|||3,322||3,992|Actual||
|Telecommunications||||1,236|||1,236||4,408|Estimated||
|Printing, postage|&stationery|||4,653|||4,653||6,326|Actual||
|Sundry expenses||||8,575|||8,575||10,919|Actual||
|Repairs &maintenance||||6,124|||6,124||5,198|Actual||
|Legal &professional||fees||1,640|||1,640||7,137|Actual||
|Recruitment|||||||||480|Actual||
|Travel expenses
Bank charges||||2,046
452|||2,046
452||3,513
593|Actual
Actual||
|Audit fees|||||3,600||3,600||3,800|Governance||
|||||368,312|3,600|371,912||347,090||||
##
##
##
##
##
##
|The average
|monthly
number ofemployees
during|the year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Administration||13|17|
|Drivers||1|1|
|||14|18|
|Employment|costs|2021|2020|
|||6|E|
|Wages and salaries||259,768|335,021|
|Social security|costs|20,224|25,598|
|Other pension|costs|5,377|6,849|
|||285,369|367,468|
##
##
##
|Tangible fixed assets|Tangible fixed assets|Tangible fixed assets|||||
|---|---|---|---|---|---|---|
||||Land and|Fixtures, Motor vehicles||Total|
||||buildings|fittings a|||
||||improvementsf|equipment
f|f||
|Cost|||||||
|At 1 January|2021||580,575|32,343|12,720|625,638|
|Additions|||2,258|||2,258|
|At 31 December 2021|||582,833|32,343|12,720|627,896|
|Depreciation|and impairment||||||
|At 1 January|2021||170,740|19,908|12,720|203,368|
|Depreciation|charged|in the year|53,149|6,081||59,230|
|At 31 December 2021|||223,889|25,989|12,720|262,598|
|Carrying
amount|||||||
|At 31 December 2021|||358,944|6,354||365,298|
|At 31 December 2020|||409,835|12,435||422,270|
|Investment|property||||||
|||||||2021f|
|Fair value|||||||
|At 1 January|2021 and|31 December 2021||||423,750|
##
##
##
|Stocks||||||
|---|---|---|---|---|---|
|||||2021f|2020
f|
|Finished|goods and goods for|resale||108,256|102,179|
|Financial|instruments|||2021
f|2020f|
|Carrying|amount offinancial|assets||||
|Debt instruments
measured
at||amortised|cost|24,115|28,266|
|Carrying|amount offinancial|liabilities||||
|Measured|at amortised cost|||133,409|84,696|
##
##
|Debtors|Debtors|Debtors||||
|---|---|---|---|---|---|
|Amounts
falling due|||within one year:|2021f|2020f|
|Trade debtors||||19,939|24,100|
|Other debtors||||4,176|4,166|
|Prepayments|and accrued income|||6,545|6,696|
|||||30,660|34,962|
|Creditors: amounts|||falling due within one year|||
|||||2021|2020|
|||||f|6|
|Other taxation||and social security||5,795|12,517|
|Trade creditors||||29,428|8,350|
|Amounts
owed||to Krizevac Malawi||83,739|65,746|
|Other creditors||||1,090|2,753|
|Accruals and deferred|||income|19,152|7,847|
|||||139,204|97,213|
##
##
||||Movement|in funds||
|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Balance at 31|
|||January|resources|expended|December|
|||2021|||2021|
|||6|6|6|6|
|Unrestricted|funds:|1,145,465|1,280,509|(1,611,164)|814,810|
|Restricted|funds:|||||
|Give a Child
Seibo Maze|a Chance Campaign|4,289
180|1,495
2,000|(5,734)
(2,180)|50|
|||1,149,934|1,284,004|(1,619,078)|814,860|
##
##
##
|19|Analysis ofnet assets between funds|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||E|6|E|
||Fund balances at 31 December 2021 are represented|by:||||
||Tangible assets||365,298||365,298|
||Investment
properties||423,750||423,750|
||Current assets||25,762|50|25,812|
||||814,810|50|814,860|
##
##
##
##