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2020-12-31-accounts

Charity number: 1130350

STARFISH MALAWI

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

STARFISH MALAWI

CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 20

STARFISH MALAWI

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees C Knott
R A Sharpe
T Pickford
M A Mitchell
B Jackson
P A Bell
Charity registered
number
1130350
Principal office
Alderden Cottage
Sponden Lane
Sandhurst
Cranbrook
Kent
TN18 5NR
Independent Examiner
D Cochrane-Dyet BSc BFP FCA
For and on behalf of MHA MacIntyre Hudson, Chartered Accountants
Victoria Court
17-21 Ashford Road
Maidstone
Kent
ME14 5DA

Page 1

STARFISH MALAWI

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

a. Objectives and aims

Starfish Malawi started in 2003 as a small Christian organisation, following a visit to Malawi by its founder, Chris Knott, with a calling to "build the church and the school", which became "build the kingdom of God in the lives of children". As we seek to understand and express this calling, Starfish continues to work tirelessly in the schools in the UK and Malawi through committed teachers and Christians.

We are Christian in identity, active in education and caring in character.

Our primary area of work in Malawi is in the district of Salima, though we still have some connections with the capital, Lilongwe, and Kasungu.

Starfish Malawi also seeks to make a difference by:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

STARFISH MALAWI

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

a. Charitable activities

2020 was an extraordinary year for the world, let alone Starfish Malawi. With schools closing and people requested to stay at home, in Malawi as well as the UK, it definitely changed the nature of the work that we did. The question we had to ask was how could we continue to support those in need, when our normal procedures and processes had to be reviewed and changed significantly.

We continued to provide food for the children, who were attending nursery school, through special family maize handouts.

We assisted secondary school sponsorship children, who were not attending school, but still had to eat and live.

We changed from the production of Gateway kits to facemasks, distributing many thousands to the community, who could not afford them. However, we did not want our Gateway staff to suffer so we continued to pay their full salary.

The building work at Hope Clinic continued and the new clinic was opened during the year and has been receiving thousands of outpatients.

We have continued to build Trinity School, Moyo and in the early part of 2021 lessons commenced.

We are so grateful to all our generous supporters. Whereas many other charities seem to have suffered significantly through the pandemic, Starfish has continued to receive good levels of support enabling us to maintain our work. We thank you so much.

We look forward to reverting to our established, effective programmes for the good of the nation of Malawi, as we seek to fulfil God’s word, “to love one another“.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

STARFISH MALAWI

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

b. Reserves policy and financial review

It is the policy of the Charity's trustees to maintain unrestricted funds, which are free reserves of the Charity, at a level that equates to a minimum of three months of operating expenditure. This provides sufficient funds to cover management, administration and support costs, and to respond to emergency situations.

The rationale for holding this reserve is as follows;

The Trustees will continue to keep under review the level of the charity's general reserve, but consider that the current level is necessary to fulfil justifiable calls on the charity's resources.

During the period under review, the total income received by the charity was £276,471 (2019: £268,916). The principal sources of income were from institutional and individual donations; the trustees and staff are grateful for this ongoing support.

Given the current economic climate, the trustees are satisfied with the performance of the charity during the year and with the financial positions as at 31st December 2019. The trustees consider the charity is in a strong positions to continue its activities during the coming year and that the charity's assets are adequate to fulfil its obligations. However, the trustees will continue to explore all options for maintaining and increasing income levels.

c. COVID-19 impact statement

Our supporters have generously continued their donations during the COVID-19 crisis. However, if the situation was to worsen and our income was to be affected, our reserves would allow us some time before we needed to scale back our projects so that this could be managed properly to minimise disruption.

Clearly, schools work has temporarily come to a halt, but this will be reinstated when appropriate following discussions with our partner schools.

d. Principal funding

During the year, principal funding for both unrestricted and restricted activities came from donations and fundraising.

Structure, governance and management

a. Constitution

Starfish Malawi is a registered charity, number 1130350, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Page 4

STARFISH MALAWI TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Structure, governance and management (continued) c. Financial rlsk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Plans for future periods We will continue to explore new channels for maintaining and increasing our income levels. We will continue to- keep our sight on our goals and remain true to our values, mission and Christian identity. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial pos4tion of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: C Knott Trustee Date: Page 5

STARFISH MALAWI INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Independent examiner's report to the Trustees of Starfish Malawi I'the Charl￿} l ￿port to the charity Trustees on my examination of the accounts of the Charity for the year erKled 31 December 2020. ResponslbllEtles and basls of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe 2011 ACVI. I report in respect of my examination of the Charitys accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Indepondent examinerf$ statement I have cornpleled my examination. I confirm that no matters have come to my attention in connection w((h the examination giving me Cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the a￿ount$ do not accord wlh those records., or the accounts do not comply wrth the applicable reqU1￿MentS concerning the form and content of a¢¢ounls set out in the Charrties IAcco¢Jnls and Reports) Regulations 2008 other than any requirement that the accounts give a 'liue and fairf view which is not a matter considered as part of an independgnl examination. I have no concems and have come across no other matters in connection wlh the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be Teached. Signed.. D CO¢hrane￿iet BS¢ BFP FCA Independent Examiner For and on behatf of MHA Maclntyre Hudson, Chartered Accountant5 Maidstone United Kingdom Page 6

STARFISH MALAWI

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Income from:
Donations and legacies
2
Other trading activities
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total expenditure
Net (expenditure)/income
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
60,607
6,164
66,771
9,081
59,776
68,857
(2,086)
(1,096)
(3,182)
13,688
(3,182)
10,506		 Restricted
funds
2020
£
166,728
11,787
178,515
-
148,115
148,115
30,400
1,096
31,496
97,637
31,496
129,133		 Total
funds
2020
£
227,335
17,951
245,286
9,081
207,891
216,972
28,314
-
28,314
111,325
28,314
139,639		 Total
funds
2019
£
263,802
12,669
276,471
8,143
269,864
278,007
(1,536)
-
(1,536)
112,861
(1,536)
111,325

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

Page 7

STARFISH MALAWI BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note Fixed assets Tangible assets 10 580 580 Cu￿ent assets Debtors Cash at bank and in hand 14 500 141,179 600- 112,185 141,679 112,785 Creditors: amounts falling due within one year 12 (2,040) (2, 040) Net current assets 139,639 110,745 Total net assets 139.639 111,325 Charity funds Restricted funds Unrestricted funds 13 13 129,133 10,506 97,637 13,688 Total funds 139,639 111,325 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: C Knott Trustee Date: The notes on pages 9 to 20 form part of these financial statements. Page 8

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Starfish Malawi meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The Trustees have considered the Charity's financial position, in particular the potential implications of the COVID-19 pandemic.

Whilst the eventual financial impact of the pandemic on the Charity, and on the overall economy, remains uncertain, given the ongoing financial support and funding received after the year end, the Trustees have a reasonable expectation that the Charity will be able to continue to operate for the foreseeable future.

The Trustees consider that it is appropriate to prepare the financial statements on a going concern basis.

1.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 9

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

1.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 10

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

1.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. Income from donations and legacies

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Donations 60,607 166,728 227,335 263,802

In 2019, £192,653 of the above donations and legacies were attributable to restricted funds and £71,149 were attributable to unrestricted funds.

3. Income from other trading activities

Income from fundraising events

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Fundraising events 6,164 11,787 17,951 12,669

In 2019, £4,894 of the above fundraising income was attributable to restricted funds and £7,775 was attributable to unrestricted funds.

Page 11

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted Total Total
funds funds funds
2020 2020 2019
£ £ £
Fundraising costs 9,081 9,081 8,143

Fundraising costs were wholly attributable to unrestricted funds in the prior year.

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Activities to benefit clients 59,776 148,115 207,891 269,864

In 2019, £190,035 of the above expenditure on charitable activities was attributable to restricted funds and £79,829 was attributable to unrestricted funds.

6. Analysis of expenditure by activities

Activities to benefit clients
Total 2019		 Activities
undertaken
directly
2020
£
198,479
260,808		 Support
costs
2020
£
9,412
9,056		 Total
funds
2020
£
207,891
269,864		 Total
funds
2019
£
269,864

Page 12

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Activities to benefit clients
Total 2020
Total 2019
Analysis of support costs
Depreciation
Insurance
Postage and stationery
Office costs
Motor and travel
Depreciation of tangible assets
Bank charges
Governance costs - Independent examiner's remuneration
Total 2020
Total 2019		 Activities
2020
£
6,151
192,328
198,479
260,808
Activities
2020
£
-
2,094
170
2,202
2,245
580
81
2,040
9,412
9,056		 Total
funds
2020
£
6,151
192,328
198,479
260,808
Total
funds
2020
£
-
2,094
170
2,202
2,245
580
81
2,040
9,412
9,056		 Total
funds
2019
£
16,582
244,226
260,808
Total
funds
2019
£
194
3,114
201
1,462
1,970
-
75
2,040
9,056

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,020 (2019 - £1,020) , and accounts preparation fees of £1,020 ( 2019 - £1,020 ).

Page 13

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Staff costs

2020
£
Wages and salaries
5,882
Contributions to defined contribution pension schemes
269
6,151
The average number of persons employed by the Charity during the year was as follows:
2020
Management and administration
1		 2019
£
15,647
935
16,582
2019
1

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL) .

During the year, expenses totalling £413 were reimbursed to a Trustee for travelling costs incurred on charity business (2019 - £NIL) .

Page 14

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. Tangible fixed assets

At 1 January 2020
Disposals
At 31 December 2020
At 1 January 2020
On disposals
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
11.
Debtors
Due within one year
Other debtors
12.
Creditors: Amounts falling due within one year
Accruals and deferred income		 2020
£
500		 Motor
vehicles
£
4,348
(4,348)
-
3,768
(3,768)
-
-
580
2019
£
600
500 600
2020
£
2,040		 2019
£
2,040

Page 15

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Bible Explorer
Crowborough/Chapsinja
Disability Transport Fund
(NYA 2020)
Gateway
Glad Tidings
GTOC - Health Centre
Hurst Green / Chitiwiri
Madalitso
Michael Jackson's Legacy
Secondary School
Sponsorship
Washstands
Miscellaneous Restricted
Funds
Total of funds		 Balance at 1
January
2020
£
13,688
12,820
5,780
-
9,647
8,940
9,745
12,338
19,329
920
6,719
-
11,399
97,637
111,325		 Income
£
66,771
7,940
6,221
9,088
385
20,098
13,100
6,330
9,015
10,186
50,973
7,007
38,172
178,515
245,286		 Expenditure
£
(68,857)
(11,645)
(5,884)
(989)
(4,255)
(22,614)
(19,564)
(6,386)
(8,108)
(391)
(30,149)
(4,324)
(33,806)
(148,115)
(216,972)		 Transfers
in/out
£
(1,096)
-
-
(400)
-
(2,750)
2,750
-
-
-
4,383
-
(2,887)
1,096
-		 Balance at
31
December
2020
£
10,506
9,115
6,117
7,699
5,777
3,674
6,031
12,282
20,236
10,715
31,926
2,683
12,878
129,133
139,639

Page 16

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Bible Explorer
Crowborough - Chapsinja
Disability Transport Fund
(NYA 2020)
Gateway
Glad Tidings
GTOC - Health Centre
Hurst Green / Chitiwiri
Madalitso
Michael Jackson's Legacy
Secondary School
Sponsorship
Miscellaneous Restricted
Funds
Total of funds		 Balance at
1 January
2019
£
21,800
3,640
4,636
-
4,213
3,335
21,505
11,835
18,945
1,365
-
21,587
91,061
112,861		 Income
£
83,818
22,416
6,606
1,180
16,220
32,164
8,250
17,087
15,903
(58)
44,815
28,070
192,653
276,471		 Expenditure
£
(87,972)
(13,236)
(5,462)
(1,580)
(10,786)
(26,559)
(20,010)
(16,584)
(15,519)
(387)
(36,152)
(43,760)
(190,035)
(278,007)		 Transfers
in/out
£
(3,958)
-
-
400
-
-
-
-
-
-
(1,944)
5,502
3,958
-		 Balance at
31
December
2019
£
13,688
12,820
5,780
-
9,647
8,940
9,745
12,338
19,329
920
6,719
11,399
97,637
111,325

Page 17

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

14. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers December
2020 Income Expenditure in/out 2020
£ £ £ £ £
General funds 13,688 66,771 (68,857) (1,096) 10,506
Restricted funds 97,637 178,515 (148,115) 1,096 129,133
111,325 245,286 (216,972) - 139,639
Summary of funds - prior year
Balance at
Balance at 31
1 January Transfers December
2019 Income Expenditure in/out 2019
£ £ £ £ £
General funds 21,800 83,818 (87,972) (3,958) 13,688
Restricted funds 91,061 192,653 (190,035) 3,958 97,637
112,861 276,471 (278,007) - 111,325

Page 18

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

General Funds

Includes donations and legacies made principally to support projects which cannot be classified within the Charity's main headings. It also includes funds for which donations have been made in advance of any restriction applied by or notified to the Trustees.

Restricted Funds

Bible Explorer - a worldwide teaching model that helps children to understand the Bible in a way that is both fun and interactive. The fund enables the Charity to run this programme in the UK and Malawi, with dedicated teachers delivering lessons in over 50 schools and reaching nearly 7,000 students.

Crowborough/Chapsinja - this fund provides support for ongoing work in school sponsorship and education, as well as orphan care, in the Chapsinja area of Malawi.

Disability Transport Fund (NYA 2020) - this fund allows for the provision of transport for children that are going to hospital to receive vital operations and medical attention.

Gateway - unable to afford sanitary protection, many girls in Malawi do not attend school during their periods. Gateway works with local sewing groups in the communities to provide reusable sanitary hygiene kits and encourage girls to complete their education. This fund provides the necessary resources to carry out these activities.

Glad Tidings - this was the first project set up by the Charity in Malawi and still runs today. The fund aids the provision of healthcare, education and daily meals for orphans.

GTOC - Health Centre - This fund provides the necessary resources to run Glad Tidings Orphan Care (GTOC), a community-based organisation which aims to empower vulnerable children. The centre provides a children’s healthcare clinic, nursery education, a feeding programme and safeguarding services for children alongside a number of other community development projects.

Hurst Green/Chitiwiri - this fund provides resources towards a schools programme focused around education, secondary school sponsorship, first aid and food provision.

Madalitso - The Madalitso fund provides a centre for vulnerable girls to live in safety and to pursue their education in peace. The support includes accommodation costs for some of the girls residing at Elizabeth Hope house, a weekly feeding programme, school tuition fees and the provision of school uniforms.

Michael Jackson's Legacy - this fund consists of donations received from Michael Jackson's Legacy, a charitable organisation dedicated to humanitarian work, which has been used to provide a garden centre for food and education, and a new classroom for disabled children.

Secondary School Sponsorship - this fund was set up to provide further education for orphans and vulnerable children, most of whom come from the Charity's linked primary schools.

Washstands - this fund provides the necessary resources to allow the Charity to help provide the community with clean water for washing and has been especially important this year with the outbreak of the COVID-19 pandemic.

In addition to the funds described above, the Charity runs many other smaller projects which have restricted funds attached. A total of these funds has been presented in the statement of funds as 'Miscellaneous Restricted Funds', as the the individual balances and nature of the funds have not been deemed material by the Trustees.

Page 19

STARFISH MALAWI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2020
£
Current assets
12,546
Creditors due within one year
(2,040)
Total
10,506		 Restricted
funds
2020
£
129,133
-
129,133		 Total
funds
2020
£
141,679
(2,040)
139,639

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2019
£
580
15,148
(2,040)
13,688		 Restricted
funds
2019
£
-
97,637
-
97,637		 Total
funds
2019
£
580
112,785
(2,040)
111,325

16. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £269 (2019: £935) . No outstanding amounts were payable to the fund at the balance sheet date (2019: £NIL) .

17. Related party transactions

Apart from Trustees' expenses reimbursed as disclosed in Note 9, there were no other related party transactions for the year ended 31 December 2020 (2019: £NIL) .

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