## **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