## **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.| **----- Start of picture text -----**
investment
Contribution made by
volunteers Para 1.38
Other None
**----- End of picture text -----**
## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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 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| **----- Start of picture text -----**
Charity’s principal address 19 Kirkstall Road
London
SW2 4HD
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity** |1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**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 **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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)** 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|**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**
_|**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 1 ## **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 Tn￿teeS 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 a￿OrdanCe with the Directions given by the Commission. Examination During my review of the a￿OUnts provid￿ no matter h&$ cotne to my attention, which gives r￿onable 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