**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:
- Providing access to quality education for children in Malawi so that they can lift themselves and their communities out of poverty
- Promoting a positive communication and interaction between people of different cultures and backgrounds, thereby raising awareness of similarities, differences and sharing aspirations as global citizens with a godly outlook
- Providing support to communities to increase awareness of the HIV and AIDS pandemic, thereby developing resilience for living sustainable lives
- Empowering the vulnerable and the poor to harness their potential to switch from relying on hand-outs to self-sufficiency in the face of God's provision
- Engaging everyone in the challenges to rich and poor alike
- Giving people the opportunity to know Jesus Christ as Saviour and Lord
- Understanding Jesus' words that it is more blessed to give than to receive
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;
- to ensure the financial security and proper staffing of the Charity
- to provide adequate resources to meet the challenges by new and uncertain funding streams
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 aount$ do not accord wlh those records., or
the accounts do not comply wrth the applicable reqU1MentS 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¢hraneiet 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
Cuent 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
- 25% reducing balance
## **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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