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2022-12-31-accounts

micaia micaia Report of the Trustees 2022

Micaia Report of the Trustees For the year ended 31 December 2022

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr Sandy Ochojna (Chair) Prof. Daniel Brockington Christopher Bowes Dr Isilda Nhantumbo Laura Gilbert (Treasurer) Milagre Nuvunga Prof. Philip Woodhouse Secretary Andrew Kingman Principal staff Andrew Kingman, Director Registered office and operational address 13 Windsor Road Buxton Derbyshire SK17 7NS 01298 24248 www.Micaia.org info@Micaia.org Charity registration number 1120413 Independent Examiner Lindsay Johnston, FCA (retired) Bankers Royal Bank of Scotland The Square Bakewell Derbyshire DE45 1BT

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Micaia Report of the Trustees For the year ended 31 December 2022

The Trustees of Micaia UK present their report and the financial statements for the year ended 31 December 2022.

Legal and administrative information set out on page 1 forms part of this report. The financial statements are prepared on an accruals basis.

In 2022 the income of the charity was not above £250k and the total assets (before liabilities) of the charity do not exceed £3.26 million, therefore the annual accounts are subject to an independent examination, rather than an audit.

Objectives and activities

Micaia’s mission is to help Mozambique prosper - sustainably and inclusively, with all people capable of and supported in securing their own well-being.

In pursuing its mission, Micaia is developing and testing a coherent ‘localization’ approach to economic and social development. This responds to the various ways in which (economic, social, cultural, environmental, and spiritual) people we work with define ‘prosperity’ or wealth. The approach frames Micaia’s values of creating social and economic fairness for poor people, creating opportunities for people to build assets, empowering people through building better skills knowledge and confidence, and working for an enabling policy and investment environment.

Micaia UK’s principal activities include:

Purpose, structure and governance of the charity

Micaia is an international non-governmental, non-political, non-religious organisation created as a charitable legal entity in the UK. Micaia UK was registered as a charity on 7th August 2007. The organisation was established under a Constitution, which established the objects and powers of the charity.

The Constitution defines the Charity’s ‘Objects’ as being:

  1. To promote sustainable development for the benefit of the public by: (a) the relief of poverty and the improvement of the conditions of life in socially and disadvantaged communities of Mozambique;

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Micaia Report of the Trustees For the year ended 31 December 2022

(b) the promotion of sustainable means of achieving economic growth and regeneration in rural and urban communities of Mozambique;

(c) the preservation, conservation and the protection of the natural resources and wider environment of Mozambique and the prudent use of its resources.

  1. To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large.

Sustainable development means “ development which meets the needs of the present without compromising the ability of future generations to meet their own needs. ”

Micaia UK is governed by a Board of Trustees (currently 7, including the Chair).

The charity is UK based with its registered office and administrative centre in Buxton. The Director is currently seconded to Micaia in Mozambique, working both with Micaia’s sister organization, the Micaia Foundation (Reg. 100094525) and the linked social enterprise, Eco-Micaia Ltd (Reg. 400168105).

Organization

The charity is governed by its board of Trustees which convenes at least three times a year in the UK. Day-to-day management of the charity is delegated to the Director.

Risk management

The Trustees developed a risk management framework based on guidance from the Charity Commission. Trustees review this framework and the general risk management policy on an annual basis.

Safeguarding

Within the Micaia ‘family’, Micaia UK took the lead in developing Micaia’s policy on Safeguarding, using best practice from UK experience and guidance. The Board has continued to lead in ensuring that Safeguarding is to the fore at all levels throughout the organization.

Achievements and performance Micaia: institutional development

In the course of 2022 Micaia UK continued to play a role in supporting the institutional development of Micaia as a whole. This included active participation with the Micaia Foundation Board in opening an office in the capital, Maputo, to better support the acitivites of its established operating base in Chimoio. This move, in conjunction with the UK Director developing plans for expanded engagement with Micaia in the UK, represents the Boards’ collective efforts to balance operational work with more involvement in policy,

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Micaia Report of the Trustees For the year ended 31 December 2022

research and funding. Micaia UK also supported and co-chaired Micaia’s Research Working Group.

Maintaining an active Board

Micaia UK is supported by the volunteer activities of its Board. In addition to the meetings of the Board, almost always attended by all Members, individual Trustees continued to take on specific tasks agreed at Board Meetings or as part of continuing operations. These activities included banking and financial management, keeping abreast of UK charity law and requirements, promoting the organisation, organizing events, research, and representing Micaia at meetings.

Engaging in the governance of the Micaia ‘Family’

Through the year, the Chair of the UK Board maintained monthly contact with the Foundation Board’s representatives, monitoring in particular the security situation in Mozambique, and the progress of the Micaia ‘family’ in relation to its annual Operating Plan. The UK Chair also received and commented on papers presented to the Micaia Foundation Board Meeting.The UK Chair and Vice-Chair participated in the monthly interboard ‘Steering Committee’ skype meetings. These monthly meetings follow a standard agenda that incorporates security, safeguarding, reputation management, personnel issues, finance, and headlines from projects and other actions in Mozambique. The Minutes of the Steering Committee meetings are shared with all Micaia board members.

Micaia UK’s Treasurer continued to support the financial management and planning of Micaia in Mozambique, advising on management accounting and other financial systems.

Supporting Eco-Micaia Ltd and its investments

Eco-Micaia Ltd is a company registered in Mozambique and operates as part of the Micaia ‘group’. It shares the same overall purpose and strategic plan as Micaia UK and Micaia Foundation. It was created in 2007 to provide a vehicle for services and investments in value chains and socially responsible businesses, community ventures and other marketoriented actions that could create livelihood opportunities for suppliers, producers and workers.

Since the end of 2016, Micaia (UK) has been a shareholder in Eco-Micaia and Dr Sandy Ochojna is the Trustee appointed to the Eco-Micaia Board of Directors to represent Micaia

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Micaia Report of the Trustees For the year ended 31 December 2022

(UK). During 2022, Dr Ochojna has been closely engaged in supporting the management and governance of Eco-Micaia. This included, inter alia:

Marketing and communications

Micaia UK intends to expand its role in marketing, communications and fundraising. Having established Micaia’s presence on People’s Fundraising in 2021, Micaia UK focused on using its social media presence to promote links to Micaia’s pages and appeals on the site.

Programmes

Micaia’s programmes are focused entirely on Mozambique. All programmes link with one of the four ‘pillars’ that provide the framework to Micaia’s strategic plan. The four ‘Pillars of Prosperity’ aim to support and develop:

a) Food security and the local food economy; b) Active citizenship; c) Sustainable management of natural resources; d) Diverse and inclusive local economies.

In 2022, Micaia continued to support work led by Micaia Foundation in the north of Manica Province in the districts of Guro and Tambara. Since 2016, Micaia has focused much of its support on work relating to promoting livelihoods based on natural products. With support from a private family foundation, Micaia launched a new phase of work in this landscape. The project is entitled: From vulnerability to resilience . As with the previous project supported by the family foundation, while the grant agreement is between Micaia Foundation in Mozambique and the funder, Micaia in UK received the funds and managed the onward grants to Micaia in Mozambique.

The work done by Micaia Foundation since 2016 has created new opportunities: increased sources and scale of income for women in particular (from selling baobab fruit); fostered a better understanding of natural resources and the risks to these of unsustainable extraction; and encouraged merging and stronger community organizations. The successes of the programme have led to other funding being secured by the Foundation for work in the area. This funding includes support for the construction of dams that will then backfill with sand that stores water into the dry season when the watercourse runs dry, and support for baobab collectors and their Association. The problem to be addressed in the new project is how to scale up and sustain the benefits of the work done to date; put another way, how to help people reduce their vulnerability and, as families and communities, become more resilient.

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Micaia Report of the Trustees For the year ended 31 December 2022

The project expands the area of intervention across what Micaia refers to as the Lower Zambezi Valley, incorporating Guro and Tambara districts along with Changara District of Tete Province. The goal of the project is to help people strengthen their communities’ resilience (particularly adaptability and resilience in the face of climate change) and, in so doing, to inspire and facilitate change in neighbouring Districts sharing similar characteristics.

The project is holistic in design and approach, mirroring the four Pillars at the heart of Micaia’s strategy. One component focuses on sustainable agriculture and aims to enable 5,000 families to learn about and implement more sustainable agricultural systems. A second component focuses on natural resource management and aims to facilitate in 26 communities of Guru and Tambara Districts, and 7 communities of Changara, the creation and implementation of Land and Natural Resource Management Plans. The third component maintains Micaia’s core focus on livelihood diversification and natural products and aims to enable 3,000 families to increase household income by participating in at least one non-timber forest product value chain. Finally, a fourth component on human development seeks to enable 1,000 women and 500 men to build literacy and numeracy skills according to their own priorities and, in so doing, establish and pilot a new approach to integrating functional literacy and numeracy in livelihoods and life skills. Binding all of these actions together, the Micaia team hopes to facilitate the development, with community partners, of district-level ‘Community Resilience Associations’ in each of Guru and Tambara Districts, creating a longer-term model which Micaia Foundation can introduce into other Districts. Our strategic aim is to support community-led development and make more effective use of the many resources that exist in communities throughout the area in which Micaia operates.

In 2022, while continuing with villages already introduced to the project in its first and second years, the small field team continued to expand the reach of the project, working in a total of 21 communities (a traditional area often including several small villages).

In sustainable agriculture the Micaia Foundation Field Officer worked with a total of 126 villages, and in 51 ‘new’ villages, additional lead farmers were identified. By the end of the year 500kg of maize seed, 500kg sorghum seed and 102kg of Bambara nuts seed was distributed to lead farmers for the setting up of demonstration plots for the agricultural season 2022/23.

For the capabilities “learning for life” program the team worked with a total of 37 facilitators distributed across 27 villages, of which 10 are new. In adult literacy, the team worked in 20 villages.

The areas in which the project is implemented are very dry, and the project’s focus is therefore on trying to encourage farming methods that can cope with the conditions and avoid making the situation worse by further clearance of forest. During the year, 2,171 men and 2,433 women farmers participated in some form of training. After two years’ of focusing on sustainable agriculture, the first theme of the project, interesting stories of change are emerging. For example, during distribution of seed, the team discovered that some farmers have become interested in setting an example to their fellow farmers by showing what they have learnt from their lead farmers. When the village’s Lead Farmer left Nhachecha village in Tambara District to move to town, another farmer, Antonio Denja,

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Micaia Report of the Trustees For the year ended 31 December 2022

volunteered to open another demonstration plot in his land so that his neighbours can also have the opportunity to learn from his experience. In Nhaphenda village, the traditional leader, after the training he received, decided to follow the lessons learnt and advised his four wives to do the same, but they all refused. As each wife is responsible for her own production, he didn’t persist in making them change their minds. In his farm he neither swept nor burned the dry organic matter found (grass, leaves, maize and sorghum stems, etc.) whilst the four wives continued to use their traditional farming methods. During the monitoring visits to the community, the leader proudly showed how his seeds had germinated, while most of the areas cultivated by his wives were not successful. The women told Micaia’s field officers that in the new season they too will apply the ‘new’ methods.

One of the main challenges faced is the increasingly irregular pattern of rains within the region. This has affected the production yields of the communities with a negative impact on food security. Relating to this major challenge, the second theme of the project is natural resource management and governance. The principles of community governance were introduced by the Micaia team in communities across the focus districts. This includes setting up Natural Resource Management Committees, creating a management plan, and, in theory, ensuring that the plan is implemented. However, the Committees have no resources with which to incentivise community forest ‘rangers’ who can monitor natural resource access and use and report abuse. While the Law states that communities with a Natural Resource Management Committee are entitled to 20% of tax paid by investors/extractors in relation to material sourced in that community the reality is that unless and until the communities start to see some such returns, people are not motivated to work. Natural Resource Management Plans remain as papers only, not as guides to sustainable use of available resources, and of sanctions to apply if local people (and outsiders) fail to follow the rules. Micaia’s hope is that the stress on principles and benefits of community governance will begin to change this situation, especially as people do complain about the rate of degradation. There are some positive signs. For example, as a result of the sensitization define sessions, one community in Guro District, set up a small tree nursery that would serve for producing tree seedlings for the reforestation of their forest. In the same community the leader worked on revitalizing the natural resources management committee that was created during the extraction of timber some years ago.

The third theme in the project is diversification of economic livelihoods. Micaia continues to work with baobab, seeking to expand the value chain and increase the number of women who benefit, and the range of benefits. In the preparation phase for the 2022 harvest, a record 3,150 women registered and trained to sell baobab fruit to Baobab Products Mozambique (BPM), the social enterprise set up and managed by Eco-Micaia Ltd. This reflects the growing awareness that BPM pays 3-4 times as much for baobab than the informal traders do. Although the baobab value chain work is led by BPM, the Micaia field team play important supporting and coordinating roles, particularly regarding the selection and support (training) of Lead Collectors and representatives of the Baobab Association.

Other than baobab, the Micaia team conducted research into the extent of marula in the area, knowing that there is a very good international market for marula oil. If additional funding can be sourced, there is a plan to do a pilot production of the oil in 2024. Also, the team supported field trials of Bambara Nut production. This bean, that grows like groundnuts, is highly nutritious and has great potential in both the national and

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Micaia Report of the Trustees For the year ended 31 December 2022

international market. The Micaia team identified 17 lead farmers within the districts of Guro and Tambara interested in producing Bambara nuts and all were given 6kg each. After the harvest the nut will be used to test the buying process where the cost of the seed will be deducted so that the farmers will understand that this is a business, and each farmer has to be responsible for getting all the necessary inputs when producing nuts for the future value chain. The plan is to then expand production.

The fourth theme in the project is ‘capabilities’, a broad programme of non-formal learning that encompasses literacy and numeracy, as well as ‘learning for life’. In the year 756 community members (681 women) registered for the programme. Training of trainers and training of learning for life facilitators was conducted in the April by a British consultant, hired by Micaia to help the team set up the adult literacy program. The consultant also conducted an online workshop in which government officials from the education department participated. In this workshop the participants analysed the principles of adult literacy and the strategy that Micaia would use for this programme.

Many of the women participating in the programme are baobab collectors, and for them (almost all of whom were unable to read or even write their name), the literacy and numeracy work was seen as a strategy for boosting their livelihood. Most women in these classes concentrated their time in learning more about their main activity (baobab business) and on how to do simple calculations related to the weighing and pricing of their product. Encouragingly, the number of collectors who can write their own names has increased. Of the 306 women that completed the year’s programme, 47 really improved their writing skills, whilst the rest are now able to write their names and read numbers. This helped in guaranteeing that each collector was able to sign her name for each transaction done during the buying process which reduced the risk of falsification.

Research linkages

In 2022, Micaia maintained its links with the universities of Sheffield and Edinburgh. Micaia Foundation and University of Edinburgh, along with Maputo’s University of Eduardo Mondlane, were successful in a bid to the UK’s Darwin Initiative. Although Micaia UK is not directly involved in the project, the UK Director is part of the management team on the project and is in close contact with the lead researcher from Edinburgh.

Micaia UK Board members participate (and one Chairs) the Micaia Research Working Group, set up to guide the development of the overall Micaia research agenda.

Fundraising

Micaia UK continues to be the most likely source of general or unrestricted funding for Micaia in Mozambique and for the last few years the Board has been exploring possible ways of expanding UK-based fundraising. The lack of staff capacity in UK has limited the practical possibilities. In 2022 Micaia agreed with Micaia Foundation a new strategy for senior management to spend more time in the UK to support meetings with potential donors. The first stage of this plan – enabling the senior managers to step back from dayto-day engagement in the field – was implemented successfully. In 2023, we expect the UK Director to be based more in the UK. This will facilitate the development of a UKfocused fundraising strategy.

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Micaia Report of the Trustees For the year ended 31 December 2022

Financial review

Micaia received income of £159k in 2022 compared with £202k in 2021.

The majority (£125k) was restricted funding from the family foundation grant.

Micaia also received a small amount of interest income and donations.

Expenditure was £186k in 2022, in-line with 2021.

Micaia’s reserves at 31[st] December were almost entirely restricted, however further, modest unrestricted donations have been received in 2023 to build up the general fund again.

Plans for the future

Micaia will seek to expand its ability to support work in Mozambique and to share learning from that work with a wide network of practitioners and policymakers.

Micaia’s key objectives for 2023 are:

Statement of responsibilities of the trustees

The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charity and the incoming resources and application of resources, including the net income and expenditure, of the charity for the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of accounting errors, inappropriate use of funds, fraud and other irregularities.

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Micaia Report of the Trustees For the year ended 31 December 2022

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees as at 31 December 2022 was 7. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Public Benefit

The Trustees regularly review Micaia’s work to ensure that the charity continues to meet public benefit criteria. The Trustees are satisfied that Micaia delivers public benefit. Measures to verify this conviction include the continuing role of Micaia’s UK Director in directly supporting work in Mozambique and reporting quarterly to the Board, and the independent evaluations of projects that take place.

Auditors

Micaia UK does not yet need to have an audit. An Independent Examiner was appointed and conducted an examination of the 2022 Micaia UK accounts.

The Trustees also note that Micaia Foundation, our lead partner in Mozambique, has a full independent audit of its annual accounts. Similarly, the evaluation of specific projects incorporates financial review, and Micaia has been subject to due diligence processes by its key funders including AFD

Approved by the trustees on 03/12/23 and signed on their behalf by

Dr Sandy Ochojna – Chair

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M￿Allu￿ Annual a¢¢¢uni$ for the CC17a Section A StateTnent of financial activities I￿ly$ Tol11￿$y• Total l$tWr In¢omknpr•¥our¢•s (Nole $1 F02 F04 15F.5D4 15D.387 fund T0taJtncomlngy8sQlMC￿ 5J5 15T.5D4 239 163288 Tot4lr•soLwc•s•xp•nd•d $13 349 185S30 188838 rn50￿QfQrQtrI￿5r￿s $1 28.026 or￿ tr4n¥f•rs b•t¥YMnfvr 28026 Othei M¢ognlsed galnsllhs$vsI 51S 2B.026 81.6 .441 Tot￿f￿th b[￿u￿htf[￿wllrd To¢alfundsc￿riEdIU￿V￿fd 511 53.5&2 Cc17BIExL￿1l LW12rthrJ

Section B Balance sheet EhduWMDhif￿￿Lts T1￿1th15Y￿a T<rfalla5typar Flxed as8et8 Tangknlo assots F02 FN FOS 4otè91 Inv05tmonts INot• 101 Current assets work prosress Debtur5 18hoYttÈYMI Ca$h at bank In hand INDtr 111 52.204 92.574 Tol•ltuJyxntas&éts Cr4ditor%'. amounts1￿11￿9 d￿￿thIn one yÈar INote 121 23 92.766 935 98.341 99,276 Tofalossots1855 curivntliablths 935 98.341 99,2T6 Cr4ditor#.' aMOUntsf￿lln￿ duo aftoronèy INots 121 ProvL8knsforllabSllties and Gharges 43.804 43,fO)4 935 54.737 55.672 Funds of the Charity UnrÉstrf¢tèd 935 935 503 l¢t¢d In¢omfund$ IN(4131 EndoknThontfunds INotp131 54 737 81 935 54.737 55,672 $19nÈdbVo￿Ol th trus￿$￿￿ bÉh*tsta1lthè￿skÉS s￿￿81ure DE￿013 ov31 C¢17al&￿Il 11212023

Section C Notes to the accounts Note 1 Basis of preparation This $4¢tion should be completed by all ¢haritie$. 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost lexcepl that investments are shown al market value) in accordance with.. Accounting and Re ortin and with. by Charities- Statement of Recommended Practice ISORP 20051- Accounting Standards- Financial Reporting Standards for Smaller Enterprises IFRSSEI: and with the Charities Act 1993. exce t for the followin or -Tick as appropriate.. if 811 relevant disclosures shown in the pack have been given then please tick 'Accounling Stsnd8rds°' if disclosures completed in these a¢￿UnIS have been reslricled lo those required by the FRSSE, Ihsn please lick 'Financial Reporting Standards for Smaller Enterprises IFRSSEI" 1.2 Change in basis of accounting There has been no change to the accounting policies (valuation rules and methods of accounlingl since last year15 except for the following). 1.3 Changes to previous accounts No changes have been made to accounts for previous years, except for the following. CC17a IEx¢ell 0611212023

Section C Notes to the accounts ont Note 2 Accounting policies This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or addition81 policy has been adopted then thi5 is detail6din the box below. INCOMING RESOURCES Recognition of incoming resources These are included in the Statement of Financial Activities ISOFAI when.. the charity b8comes entitled to the resources., the trustees are virtuallv certain thev will receive the resour¢es.- and the monetary valu8 can be measured with sufficient reliability. Where incoming resources have related expenditure las with fundraising or contract income) th& ncoming resources and related expenditure are reported gross in the SOFA. Grants and donation5 are only included in the SOFA when the charity ha5 unconditional entiuement to the resources. Incoming resources with related expenditure Grants and don8tions Tax re¢lalms on donatlons and g1ft$ Incoming resources from tax reclairn5 are included in the SOFA al the same time as the grft to which they relate. This 15 only induded in the SOFA On￿ the rdated goods 01 Services have been delivered. Contractual income and perfom18nce related grants Gifts in kind Gits in kind a￿ accounted for at 8 reasonable estlmate of thelr value to the Charity or the amount actually realised. Gift5 in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incotning resources when receivable. Donated sorvic8s and facilities These are only included in Inwming resources Iwlth an equivalent amount in resources expended) where the benefit to the charity is re850nably quantifiable, me8suraNe and material. The value placed on these resources is the estimated value to the charlly of the servlce or fa¢lllty ￿CeIved. Volunteer help The value of any volunt8ry h81p received is nol included in th8 8ccounts but is described in the trustees. annual report. Investment incorne This is included in the accounts when ￿ceIvable. Investment galns and lovaes Thi5 includes any gain or Ioss On the sale of investtnents and any gain or loss resulting from revaluing investments to marfÉel valu8 at th8 end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recconised as scon as th8r8 is a18gal or constructiv8 obligation cornmitting the charity to pay out ￿$Our￿$. Include wsts of the p￿paration and examination of statutory accounts, the costs of trustee meetings and cost of any18gal advice to Irust88s on gov8manc8 (K constitutional matters. Grant$ with performance ¢onilition$ Wh8r8 th8 charity gives a grant with conditions for its paym8nt b&ing a sp8cific18v81 of 88rvice or output lo be provided. su¢h grants are only ￿COgnised in the SOFA once the ￿CIpient of the gffjnt has provided the specffied servi￿ or output. Grants payable without performance These are only recognised in the ac¢ounls when a ¢ommilmenl has been made and there are no conditlOn5 conditions lo be tnet relating to the grant which retnain in the conlrd of the ch£rily. Support Costs Supwrt include tsntral functions and have been allocated lo aelivity cost Categories on a basis consistent with th8 US8 of r8sourc88, 8g allocating propety costs by floor sreas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs ASSETS Tangible fixed assets for use by charity Investments These are capitali5ed if they can be used for rnore than one year, and cost at least £500. They are valued al cost or a reasonable v81ue on receipt. Investments quoted on a re¢cKJnised stock exchange are valued al maiket value at the year end. other investment assets are included at trustees, best estimate of market value. Stocks and work in progress These are valued at the lower of wst or market value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE CC17a IExcell 0611212023

Section C Notes to the account5 coNt Note 3 Analysis of incoming resources Incomingresour¢e$ may be furtheranalysed ifthis wouldhelp the reader of tltre *¢¢ounts. This year Last year al Volurrtary income Pro ran18 Gener81 donation8 Other In(omin resourc&8 157.000 2.387 194,298 7,396 Total 159.387 201.695 Activities for generating funds Totsl Investment Income Total Incomlng ro8ource8 from charitablo activiti85 Total othèr incoming ￿Sourc&S ank Interest 51 Totsl 51 CC17a IEx¢ell 0611212023

Section C Notes to the accounts ¢ont Note 4 Analysis of resources expended Re$our¢e$ expended may be further analysed if this wtsuld help the ￿a￿er of the accounts. This year Last year Anal sis TÈchnical su ort via Eco-micaia Consultant Marketin materia15 Travel Administration Financial C05t5 of generating voluntary in¢ome 3,000 109 3,000 1,185 153 71 328 4,737 575 239 3.923 Totsl Fundraising trading costs FX movement- Un￿strICted FX movement- restritled 109 16,770 16.661 3.168 3.160 Total Investment management cost5 Total Charitable activities Granlmakin T8chnical su ort V18 Eco-micaia Consultant Olh8r consultant f88S 149.850 10.176 123.993 10.176 2,529 35,063 197,617 2,218 46,874 183,258 Ixher ro ramme-relaled c051s DM+S end Totsl G0￿ManCe ¢o$ts T8chnical su ort MS Eco-Micai8 Consultsnt Accrual for Cost of Inde end8nl Exam Costs of Moz. Trust88 Visit and UK Ir8vel 8X 1.000 1.000 &nses Totsl CC179 (Excell 0611212023

Section C Notes to the accounts cont Note 5 Support Cosls Please complete this note if the charity has analysed its expenses using activity categories and has support costs. Fundraising activity Charitable Activity Governance Activity Total Cost Su ort eost t Total Note 6 Detalls of certaln Items of expendlture 6.1 Trustee expenses Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to tmstees or to thirdparties for expenses ITncurred by trustees. If no expenses were paid, please enter'None' in the appropriate box(es). This year Last year Number of trustees who were pald expenses Other Consultant Fees as per Note 4 other Consultant Fees as per Note 4 Nature of the expenses Total amount pald £0 £0 6.2 Fees for examination or audit of the accounts Please provide detsils of the amount paid for any statutory extemal scrutiny of accounts and other serviTces provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appmpriate box(es). This year Last year Independent examiner's or auditors. fees for reporting on the accounts other fees (for example: advice. consultancy, accountancy services) paid to the independent examiner or auditor None None None None CC17a (Excell 0611212023

Section C Notes to the accounts cont Note 7 Paid employees Please complete this note if the Gharity has any employees. 7.1 staff Costs This year Last year Gross wagès, salarlas and banafits In klnd Employarfs National Insurancè costs Pènsion costs Total staff costs 7.2 Average number of full-time equivalent employees in the year The parts of the charity in which the Fundraisin employee$ work Charitable Activities Governance Other This year Number Last year Number Total 7.3 Defined contribution pension scheme Please complètè if a defined contribution Brief details of the schemè nsion scheme Is o èrated. This year Last year Th8 Costs of the scheme to the charity for the y8ar Th8 amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end CC17a (EX￿1) 0611212023

Section C Notes to the accounts cont Note 8 Grantmaklng Please complete thls note if the charity mada any grants or donatlons whlch In aggr8gate form a matgrlal part of the charitable activities undertaken. 8.1 Total value of grants rants to institutions Total amount £ rants to individuals Total amount £ Pu osè for which rants madè Su ort for MICAIA Foundation work in Mozambi ue 149,850 Total 149,850 8.1 Grantmaking costs If the charity 5 accounts are p￿pared on the -activity basis'please give details of any sUPPOrt cost associatad wlth grantmaklng. Plgasg enter "Nll" If the charlty does not Identlfy and/orallocate support costs. Support costs of grantmaking 8.3 Grants made to institutions the charity has made grants to particular institutions that are material in the context of its grantmaking pléasè givé dètèils of thé institution supportèd, purposé Of thé grant and totalpaid to eaeh ITnstitution listgd. Sufficient inftjrmation should bg given to provide a reasonablo understanding of the range of institutions su orted. Names of institutions Purpose Totsl amount of rants aid £ 149,850 MICAIA Foundation Support for projects and programmes Total grants to institutions 149,850 CC17a (EX￿1) 0611212023

Section C Notes to the accounts cont Note 9 Tangible fixed assets Please Complete this note if the charity has any tangible fixed assets 9.1 Cost or valuatlon Freehold land & buildings other land & buildings Plant. machinery and motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total Balance brought forward Additions Revaluations Disposals Transfers . Balance carried forward 9.2 Accumulated depreciation and impairrnent provisions ** Basis SLorRB SLorR8 SLorR8 SLorRB SLorRB ** Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers. Balan￿ carried forward 9.3 Net book value Brought forward Carried forward 9.4 Revaluation If any fixed assets have been revalued please glve detalls of the valuer and method of valuatlon The "(ransfers" row is for movements between fixed asset categories. ° Please indicate the method of depreciation by deleting the method not applicable (SL = straight line,- RB = reducing balance). Also please indicate the rate of depreciation.. for straight line, what is the anticipated life of the asset (in years).. for reducing balance, what is the percentage annual deduction. CC17a (EX￿1) 0611212023

Section C Notes to the accounts cont Note 10 Investment assets Please complete this note if the charity has any investment assets. 10.1 Fixèd assèts inv&stmènts Carrying {marketl value at beginning of year Add.. additions to investments at cost Less.. disposals al carrying value Addlldeductl.. net gainllloss) on rev81u8tion Carrying Imarketl value al end of y88r Please provide below." 10.2 A brèakdown of th• markèt valu•s of Invèstmants shown abovè agr••lng wlth thè balane• sh••t row BO3. 10.3 A brèakdown of th• Ineoma from Invèstmènts agrèèlng wlth SOFA row SO3. Analysis of invostmonts 10.2 Market value at year ond 10.3 Income from investments for the year Investment properties Investments listed on a recognised sto¢k ex¢hange or held in common investment funds. open ended investment companSes, unlt trusts or other collective investment schemes Investments in subsidiary or connected undertakings and companies 29 Securities not listed on a recognised Stock Exchange Cash held as part of the in¥e5tment portfolio Other Investments Total 29 10.4 Materlal Investment holdlngs If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity'5 total investments) please provide details. Investment held Market Value CC17a (Excell 0611212023

Section C Notes to the accounts cont Note 11 Debtors and prepaymènts Please complete thls note If the charlty has any debtors or Amounts falling due within one year ments. Anatysis of debtors Amounls falling due after mo than one year This year Last year This year Last year Trade debtor5 Amounts due from subsidiary and associated undertaklngs Other debtors 23,254 2,533 82.307 43,605 Prepayments and accrued Income Total 25,787 82,307 43,605 Note 12 Creditors and accruals Pleas8 compl$t• thls not8 if the charity has any cr￿￿torS oraccruals. 12.1 Amalysls of Credltors Amounts falling due within one ar Amounts falling due after more than one This year This year Last y8ar Last year Loans and overdrafts 41,846 Trade creditors Amounts due to subsldlary and assoclated undertaklngs Other credltors Accruals and deferred Income 23.254 50.922 43.604 Total 23,254 92,768 43,604 12.2 Securlty ovar assets Ifany loan. overdraft orothercreditorholds a charge or othersecurity overany assets of the charityplease pmvide details. CC178 (Excell 12 0611212023

Section C Notes to the accounts cont Note 13 Endowment and restricted income funds Please complete this section if the charity has any endowment or restricted income funds. 13.1 Funds held Please give a brief description of any of the following type of funds held by the charity- permanent endowment funds IPE). expendable endowment funds {EEI', and restricted income funds. including special trusts, of the charity {Rl. Fund Name Type PE, EE orR Purpose and Restrictions General Fund UR Gulbenkian Foundation University of Edinburgh University of Sheffield Private Trust Emer General support for MICAIA Foundation Sustsinable Woodfuel Transitions Conservation Challenges Emergency response lo IDAI Natural Product Development- Moribane Natural Product Development Donation towards the Natural Capital Fund Donation towards IDAI appeal Donation towards costs enc Private Trust Anon mous Fund 2 Natural Ca ital Fund IDAI UK Private Trust other 13.2 Movements of major funds Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities. Fund balances brought forward Fund balances earrled forward Incomlng resources Outgolng resources Galns and losses Transfers Fund names General Fund 503 1,934 1,393 109 935 Anon mous Fund 2 University of Sheffield Private Trust Emer enc 5,000 18,272 5,922 49,099 1,808 807 5,000 20,706 5,922 19,288 2,312 807 31,889 29,455 Private Trust 142,376 504 188,957 16,770 Natural Capital Fund IDAI UK Private Trust Other 701 701 Total Funds 82,113 176,703 219,804 16,661 55,672 13.3 Transfers between funds Please give details of any transfers belween funds. Frorn Fund (Narnel To Fund {Name) Reason Amount CC17a (Excell 13 0611212023

Section C Notes lo Ihe accounts cont Note 14 Transadions with related parties If the charity has any transactions with relat8dparti8s (other than the trust8e expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report. please enter"None" in the relevant boxes. 14.1 Remuneratlon and benefits Please give the amount of, and legal authority for, anyremuner8tion or o¢herbenefitS Paid tg a trustee orOther￿lated parties by the Charity or any institution or company Connected with It. Amounts pai(1 or benefit value This year Last year Name of trustee or wnne¢ted party Legal authorlty leg oriler, governing document 14.2 Loans Pl•as• glv8 d•talls of and amounts owlng to orfrom Éhg charlty's Irust•gs or oth•rrolatsdpartl8s by tho charlty at tho y8ar end. Amount owlng This ￿ar Last year Name of trustee or connected party Legal authority Due to trustees and related parties Due from trustee5 and ￿lated t)artie$ 14.3 Other trdnsactionl51 with truste85 or relat8d part185 Please give details of any transaction undertaken by for on behalf 04 the Charity in which a trustee or￿1￿tedp￿rtY has a material interes Name of the trustee or related art Description of the transaction This year Last year RelatSonshl to charlt CC178 (Exc811 14 0611212023

Section C Notes to the accounts cont Note 15 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here. please add a separate sheet. 1 } The small amount on Note 10 of £29 relates to the gift, in March 2017, of 11 /0 of the shareholding of Eco- Micaia, a subsidiary of the Mozambique Foundalion. The shares were previously held by two of the founders of the Foundation, Milagre Nuvunga and Andrew Kingman. The amount represents 110/0 of MZN 20k, translaled at the year-end FX rate into USD and Ihen GBP. For the purposes of the accounts the Trustees have valued this gift at nill value. CC17a IEx¢ell 15 0611212023

CHARITY COMMISSION FOR ￿lAND AND W￿5 Independent examiner's report on tho accounts Section A Indepondent ExarRiner's Repori Rèport trj thp tr4Mt8MI m•mb•rn of MIc￿A VK Ofi hrthe yèr , 2022 •nd•d , Charlty no Iffanyl 112Q413 S•t ¢)uton pg•• I re￿ 10 lh• IDtsteeB m my ex￿￿&t￿)n oflhe xtyJnts 01lhe aL chanty fihe T￿rI tstheyo3rend￿ 3111212022. R•sponslbllrtles 8nd of report As the th8rrfl$ knJsree&, you are re5F¥Jn&Ib￿ for the prep9r￿)Th oflhe BccouiirÈ in ￿¢￿daThEe wilh IhÈ requirements olthe Charibas Acl 2011 I reFQrt respe& of my eXam￿alK)n of the Tru6t'8 xxxJnls lxrt under 8eLbn 145 01 the 2011 A¢1 8n(l ￿ carrying out my examinat￿￿, I have frJllwrL¢ 811 ts appk8N¢ D￿￿￿¢1)8 gNen Charty Cixnmi88b und8t ¥eclw)n 14SI5Hbl of the Act. Ind•p•nd•nt The chty's gross ffter￿ dwj )ot èXCe8d £250.000 8ThJ l orn qu8lfvJ to •xamln•rf¥ stt•rn•nt uNJertake the exam￿81￿￿ ty ￿"r￿j a qualrfied mM￿[01cFA I have completed My ex8mfflalKJn l (xNfvm ihai no material mthrs come to my Attent￿Tr In connectkjn wth the ex8mma￿ln Icrth¢f IhaTr thai Is¢th￿l beth¥"I gN85 rw ￿U8? 10 tha In, any m&terLql r•3pecl.' the acwJnlin9 records were nrA keF4 in 8ccordanr wrth $￿tion 130 of the Charths Ath.. or the acc¢un15 dKI acthrd wrth Èccourning records. or the 8¢counls dld n￿c(￿nrty wllfv Ihe appl¢able requiremeTrts concerning the form and centsni 018¢￿ntS set oth In the Charities (Accounts and Reports) Re9ulauon¥ 2008 clhtrthan any rffjuiTern•ni that the accounts give 8 Irue an($ lair which 8 matter cTris￿ered a5 p￿1 of an Ind6Fen(lenl exMmakn I hav& rto concems and have ¢L¥ne ￿￿$8 Lthr Métte￿ in ￿naL￿( with Ihe ex8minthn towh￿ 8ttenlion 8tthkl be In r8POrt kn order lo eThttb￿ 8 prc•èt Unders1￿11n4 ofthe 8CLX)unts to be whed. ' Pl8aseiYelet¢ the in Ihebtackels rftheydofflol apply C112Q023 N4m•'. Lindtray J￿% Johnstth7 Role¥•nt pr￿￿¥60￿1 allllcatltsrf¥l or body 111 •rryl.' Feftrw of the Instrtute tsfCh8rterl £C￿￿tantS kn Englathl Ènd Wa$ Ir1e￿re&l ieR Oct 2018

Addr•M: st Ann'¥s. 5 WeXf￿d Road. Lcthi. SW12 8NH Soction Oisclosure Only etyrplele rfthe examlner neèds lo h￿hlIght material rnaiiers of concern Isee CC32, Independenl exatninaK>n ot charty accaunts dir6CIK¥J6 guthnce lar examir*s1. Gfv• h•r• brlef detsll8 of any it•m• thatth• •¥amingr to IER Oct 2018