2023-03-31-accounts

Trustees’ Annual Report for the period

From 1 April 2022 To 31 March 2023

Charity name: Msizi Africa

Charity registration number: 1119525

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To enable more promising futures for children in Lesotho through the use of food and food-related programs. We will work closely with the local communities at our programs so that they can be increasingly locally sustainable, giving people the opportunity to feel in control, while allowing Msizi Africa to expand its operations to other communities.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	During the period, our primary activity has been the management of feeding projects in three villages in the Mohale’s Hoek district of Lesotho. We see this region as the core of our operations, and we aim to expand our operations to other communities in this area. In addition, we have invested in agricultural activities to support the sustainability objectives of feeding projects in these villages.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We confirm that the trustees have had regard to the Charity Commission’s guidance on public benefit.
Additional information (optional) You may choose to include further statements		where relevant about:
	SORP reference
Policy on grant making	Para 1.38	We allocate a small percentage of our annual budget to contingency projects. These comprise projects that benefit the children and young people at our programmes beyond the remit of food and food-related programmes. These include medical costs, one-off projects, and educational support.
Policy on social investment including program related	Para 1.38	See above

investment
Contribution made by volunteers	Para 1.38
Other		None

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	We continued to provide a consistent level of support to the programmes that we have committed to. The children we support are well and are receiving nutritious food. They are developing healthily and in line with the World Health Organisation guidelines with respect to weight for age, height for age and body mass index. Connections with women in the local villages running the feeding programme continued to be strengthened during the period and the development of the feeding centres progressed. Our Lesotho Country Director continues to be reliable and ambitious in growing the capabilities of the organisation and has provided Msizi Africa with a strong model for future expansion in Lesotho.
Additional information (optional) You may choose to include further statements		where relevant about:
Achievements against objectives set	Para 1.41	Refer above, no further comment
Performance of fundraising activities against objectives set	Para 1.41	Refer above, no further comment
Investment performance against objectives	Para 1.41	Not applicable
Other		None

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity’s financial position (cash balance) at the end of the period, 31stMarch 2022) is higher than the prior period due expenses being lower than income. Driven mostly by a combination of (i) continued impact driven by initiatives enacted during 2020 responding to the Covid-19 pandemic, resulting in a review of funding provided to villages to ensure the longevity of the charity, and (ii) maintaining higher than anticipated grant donations from our individual and corporate donors.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity’s policy is to maintain reserves at an appropriate level throughout the period which should be equivalent to six months’ worth of budgeted project costs. This may include taking advantage of weaknesses in the South African Rand to buy ZAR in advance at a preferential rate and maintain a reserve with the currency exchange company.
Amount of reserves held	Para 1.22	The charity has reserves of £12,187 (2022: £12,187). However, as mentioned above, the charity has a policy to maintain at approximately six months’ worth of budgeted project costs (however this has been agreed amongst Trustees to be at least 12 months, where possible). All assets are held in cash or cash equivalents, with liquidity restrictions of less than 1 month.
Reasons for holding zero reserves	Para 1.22	N/a
Details of fund materially in deficit	Para 1.24	N/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/a – see above.
Additional information (optional) You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The main sources of funds are from regular donors (individuals and corporate) as well as periodic fundraising events (such as quizzes)
Investment policy and objectives including any social investment policy adopted	Para 1.46	The charity holds all assets in cash in GBP. No investments outside of cash are made.
A description of the principal risks facing the charity	Para 1.46	The charity’s principal finance risks include: 1. Loss of key donors or a reduction in

the amount received in donations 2. Fluctuation in FX rates, in particular between GBP and ZAR and any associated charges thereto 3. Rising food costs in Lesotho 4. Extraordinary circumstances caused by the ongoing Covid-19 pandemic, which could impact all three factors above, and also impact the sustainability initiatives of the charity. 5. Macro-economic conditions such as global inflation and geopolitical instability. Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Nomination/interviewed by Board of Trustees

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	Periodic reporting requirements exist for all projects receiving funding. Trustees provide training and guidance on processes to meet these requirements.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity is structured as a Trustee led organization and is entirely led by volunteers. There are no directors or reporting structures, but the Trustees must communicate updates to the group.
Relationship with any related parties	Para 1.51	Our Lesotho Country Director continues to be reliable and ambitious in growing the capabilities of the organisation and has provided Msizi Africa with a strong model for future expansion in Lesotho.
Other		There is a child protection policy in place that we adhere to strictly. Each project has committed to adhering with this policy. Any breach of our child protection policy will result in a thorough investigation. Any project failing to support such an investigation will result in the immediate termination of funding. In addition, the process following non-compliance with this policy has been communicated to all program managers.

Reference and Administrative details

Charity name	Msizi Africa
Other name the charity uses	n/a
Registered charity number	1119525

Charity’s principal address	19 Kirkstall Road London SW2 4HD

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	LucyHerron	FoundingTrustee		Board of Trustees
	Nick Wood			Board of Trustees
	Daphne Kasambala			Board of Trustees
	Jennifer Piper			Board of Trustees
	Christopher Roberts	Treasurer		Board of Trustees

– Corporate trustees names of the directors at the date the report was approved

Director name

n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Chris Roberts	Lucy Herron
	Treasurer	Founding Trustee
	02/04/2023
	02/04/2023

	Msizi Africa	Msizi Africa	Msizi Africa	Msizi Africa	CC16a
	For the period from	01/04/2022	To
Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 25’988 4’997 250 - - - - - 31’235 - - - 31’235 36’197 - 635 200 - - - - - 37’032 - - - 37’032 - 5’797 - 90’357 84’560	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
General donations received	25’988	9’500 - - - - - - - 9’500	-	35’488 4’997 250 - - - - - 40’735	53’822
Fundraisingevents	4’997		-		2’972
Investment and interest income	250		-		-
	-		-		-
	-		-		-
	-		-		-
	-		-		-
	-		- -		-
Sub total(Gross income for AR)	31’235				56’794
A2 Asset and investment sales, (see table).
	-	- - -	-	- - -
	-		- -		-
Sub total	-				-
Total receipts A3 Payments
		9’500	-	40’735	56’794
Grants and donationspaid	36’197	9’500 - - - - - - - - 9’500	-	45’697 - 635 200 - - - - - 46’532	50’226
Salaries	-		-		-
Administrative expenses	635		-		715
Fundraisingexpenses	200		-		52
	-		-		-
	-		-		-
	-		-		-
	-		-		-
	-		- -		-
**Sub total **	37’032				50’993
A4 Asset and investment purchases, (see table)
	-	- - -	-	- - -
	-		- -
**Sub total **	-				-
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end				46’532
		9’500	-		50’993
	- 5’797	-	-	- 5’797	5’801
	-	- -	-	- 90’357	-
	90’357		-		84’556
	84’560	-	-	84’560	90’357

CCXX R1 accounts (SS)

02/04/2023

1

Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Current Account Bank - Savings Account (Account 81336497) Bank - Liquidity manager 35 day (Account 81737610) Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 14’308 - 35’116 - 35’136 - 84’560 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name LucyHerron Chris Roberts	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		LucyHerron
		Chris Roberts	02/04/2023

CCXX R2 accounts (SS)

02/04/2023

2

Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Msizi Afrtca On accounts for the year ended 31 March 2022 Charity no (If any) 1119525 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for the year ended 3110312022. Responsibilitles and basis of report As the charivs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act.). I report in respect of my examination of the Trusys accA)unts carried out under section 145 of the 2011 Acl and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ibl of the Act. Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan￿ with section 130 of the Charities Act., or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulatrons 2008 other than any requI￿rnent that the accounts give a 'lrue and fair. view which is not a matter considered as part of an independent examination. I have no concems and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order tr) enable a proper understanding of the accounts to be ￿aChed. Signed: Dato: 2510112023 Namg: Sam Walker Relevant professlonal qualification{s} or body (If any): FCCA (Fellow of the Association of Chartered Certified Accountants) AMCT {Associate Member of the Association of Corporate Treasurers) Address: 21 Lowrie Gait South Queensfery EH30 9AB IER Oct 2018

Section B Disclosure Only complete rf the examiner needs lo highlight material matters of concem (see CC32, Independent examination of charity accounts- directions and guidan￿ for examiners}. Give here brief details of any items that the examlner wlshes to disclose. IER Oct 2018

21 Lowri¢ Gait South Queensferry EH30 9AB 25.01.23 INDEPENDENT EXAMINER'S REPORT Dear Trustees ofmsiii Afri This letter contsins the independent ex8Jniner's report for Msizi Africa forthe a¢¢owLts in respect of the period ApTiI 2021 to March 2022. This report been PTepared by Sam Walker, a Fellow of the Asscciation of Chartered Certified Accountant5 (FCCA), and A550ciate MeTnber of the Asso¢iation of Corporate Treasurers (AMCT). ststeThents l confirni that the aecounts do not rwuire an audit in accordance with Part 16 of th¢ Companies A 2006. This report relates to an independent examiDation carried out under section 145 of th¢ 2011 Charili¢s Aet and thai the examination has been ¢ondurted in accordance with the Directions giv¢Tt by the Cotn]ni5SiOn. Examination Duringmy r¢view of thea¢¢owi¢s provide4 no ]natt¢rha5 COM¢ to my attention. which givesre&wnable cause to believe that in any mateTial r¢5P¢rt accounling records have not been kept in aecordan¢e with section 130 of the Charities Act 2011. Additionally no matter has come to my attention in connection with being unable to reach a proper underSts￿ding of th¢ a¢¢ounts Kind regards. Sam Wa]ker FCCA Amcr