2024-03-31-accounts - Msizi Africa

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Trustees’ Annual Report for the period

From 1 April 2023 To 31 March 2024

Charity name: Msizi Africa

Charity registration number: 1119525

Objectives and Activities

Objectives and Activities	Objectives and Activities	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.

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investment
Contribution made by
volunteers Para 1.38
Other None
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Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	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

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Review of the charity’s Para 1.21 The charity’s financial position (cash
financial position at the end balance) at the end of the period, 31 [st] March
of the period 2024) is lower than the prior period due
expenses being higher than income. Driven
mostly by a combination of (i) lower grant
income, regular donations and fundraising
activities, and (ii) lower spend (but to a
lesser extent) on program activities, offset by
an increase in investment in charity
sustainability activities (infrastructure in
Lesotho).
Statement explaining the Para 1.22 The charity’s policy is to maintain reserves at
policy for holding reserves an appropriate level throughout the period
stating why they are held 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 Para 1.22 N/a
reserves
Details of fund materially in Para 1.24 N/a
deficit
Explanation of any Para 1.23 N/a – see above.
uncertainties about the
charity continuing as a going
concern
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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

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 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

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Charity’s principal address 19 Kirkstall Road
London
SW2 4HD
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Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee(if any)
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

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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
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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

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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) Lucy Herron Full name(s) Chris Roberts ~~a~~ Position (eg Secretary, Treasurer Founding Trustee Chair, etc) ~~ee~~ Date 09/12/2024

Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 1119525 No (if any) Msizi Africa Receipts and payments accounts 01/04/2023 31/03/2024 To For the period from eeee	Last year to the nearest £ CC16a _	Last year to the nearest £ CC16a _
General donations received 23’682	7’000	7’000	-	-	-	-	30’682	30’682	30’682	35’488	35’488
Fundraising events 2’130	-	-	-	-	-	-	2’130	2’130	2’130	4’997	4’997
Investment and interest income 1’499	-	-	-	-	-	-	1’499	1’499	1’499	250	250
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
*Sub total*(Gross income for AR)27’311	7’000	7’000	-	-	-	-	34’311	34’311	34’311	40’735	40’735
A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - Total receipts 27’311 7’000 - 34’311 40’735 A3 Payments Grants and donations paid 27’686 7’000 - 34’686 45’697 S~~S~~=
Salaries -	-	-	-	-	-	-	-	-	-	-	-
Administrative expenses 1’159	-	-	-	-	-	-	1’159	1’159	1’159	635	635
Fundraising expenses -	-	-	-	-	-	-	-	-	-	200	200
Other payments for welfare activities 3’133	-	-	-	-	-	-	3’133	3’133	3’133	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-
Sub total 31’978	7’000	7’000	-	-	-	-	38’978	38’978	38’978	46’532	46’532
A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - *Total payments* 31’978 7’000 - 38’978 46’532 *Net of receipts/(payments)* - 4’667 - - - 4’667 - 5’797 A5 Transfers between funds - - - - - A6 Cash funds last year end 84’560 - - 84’560 90’357 *Cash funds this year end* 79’893 - - 79’893 84’560 —= —~~_—~~— SS~~S]~~

CCXX R1 accounts (SS)

25/01/2025

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

Categories Details Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ B1 Cash funds Current Account 7’915 - - Bank - Savings Account (Account 81336497) 35’851 - - Bank - Liquidity manager 35 day (Account 81737610) 36’127 - - Total cash funds 79’893 - - ~~SS]~~ (agree balances with receipts and payments account(s)) OK OK OK Unrestricted funds Restricted funds Endowment funds Details to nearest £ to nearest £ to nearest £ B2 Other monetary assets - - - - - - - - - - - - - - - - - - ee Fund to which asset Details belongs Cost (optional) Current value (optional) B3 Investment assets - - - - - - - - - - SS Fund to which asset Details = belongs Cost (optional) Current value (optional) = B4 Assets retained for the - - charity’s own use - - - - - - - - - - - - - - - - 77 Fund to which liability Amount due (optional) When due (optional) Details relates B5 Liabilities - - - - - Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval Lucy Herron 25/01/2025 Chris Roberts ———= 09/09/2024 CCXX R2 accounts (SS) 2 25/01/2025

21 Lowri¢ Gait South Queensferry EH30 9AB 04.01.25 INDEPENDEiYf EXAMINER'S RE RT Dear TnteeS of Msizi Afric This l¢tter contains the independent examiner's report for Msizi Africa for the accounts in respect of the .pwiod April 2023 to March 2024. This report has beffl preyared by Sam Walker. a Fellow of the Association of Chartered Certified Accountants (FCCA). and Aswiate Member of the Association of Corporate Tre&wm (AMCT). Statements I can confirm that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006. This report relates to aD independent examination Carri out under section 145 of the 2011 Charities Act and that the examination has been conducted in aOrdanCe with the Directions given by the Commission. Examination During my review of the aOUnts provid no matter h&$ cotne to my attention, which gives ronable cause to believe that in any material rw accounting records have not been kept in accordance with section 130 of the Charities Act 2011. Additionally no Mat has me to rny attention in connection with being unable to reach a proper understsnding of the accounts Kind regards. Sam Walker FCCA AMCT