Charity number: 1130350 STARFISH MALAWI UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
STARFISH MALAWI CONTENTS Page Rderence and admlnistraiivo d•tslls of the Charlty, Its Trust•¢s and advlse Trust•es' r•port Ind¢p•ndent •xamSn•rfi report Stat•mont of fSnanclal a¢tfvltl Bal•ne• *h¢•t N¢t•• to th• fln•nclal •tat•m•nl• 9-19
STARFISH MALAWI REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARtrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees C Knott R A Sharpe T Pickford M A Mrtche B Jacks PABeH Charlty r•glstered numbèr 1130350 Prln¢lpal offlcfr Alderden CrAI Spondèn L•no Sandhursl Crartbft)ok Kgnt TN16 SNR Ind•p•nd•nt Examln•r D Cothraw BS¢ BFP FCA For and on behaw ot MHA Madntyre Hudson. Chartered A¢UntantS Victoria Court 17-21 Ashlord Road Maidstone Kent ME14 5DA Page 1
STARFISH MALAWI TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Thè Trustees present their report wih the finan¢ial statements of the charity for the year ended 31 December 2021. The Iwstees have adopted the promsions of Accounting and Reporlng by Charitio$. Statement of Recommended Practice applKable to charities preparing their accounts in accordan¢e wrth the Finan¢ial Reporting Stand8rd applic• In the UK and Repubk of Irond IFRS 102) leffective 1 Januw 2019}. ObJ•ctlves and actltIeS . Oblgct5ves and •lm$ starfish Malawi started In 2003 as g sThll Chfistian organisahon, fdl>¥Sng a to Malawi by ts founder, Chrls Knott. wh a calling to"build the chur¢h and the sch¢xif. which became J)uild the kingdom of God in Ihe live5 of childr?n" Ag we seek lo understand and eV$S this calling, St8tffish ¢ontinu8S to vth tirelessty in the schools in the UK and Malawi through commrtted lethrs and Christkan$. Wo are Christian in Jentity. 8¢tive in educat arKI Caring in tharècter. Our primary are¥ of work in is in the dL%trict of S4wna, th0h w• Still somo ¢onn8¢lion8 with th• pital. Lilongwe, and Kasungu. Starfish Malawi also w•k$ lo make a diff¢rence b. - PrOV1n9 acc•$8 to quality 8(1cM Iw children in Malvwi w that they can lrft thom8& and th•lr ¢ommunltigS Out of povety - Promotsng a positNe commUnK•tn and int&r¥th"on bets people of drfler•nl cultures and backgrounds. thereby raisin9 awareness of $iniL9rit, drflewces and 8harin9 ¥SPiratio a$ gkbal cilvzens vrith 8 godty outSJok - Provhjing support to cLyrnnUnrt lo inw80 awar8n888 ofthe HIV and AIDS pandem. th•r•by devebpin9 resilien for ng sustainth fves - Empowering the vuln¢r•ble and poor lo hamess their potential to swtch trom len9 on handwouls lo seW-sufficierY in th¢ face of God$ provision - Engaging everyone in Ihe chaMeng¢s to rich and F4)or ale - GIng peoplo the opportunty to kn(N Jesus Christ as saYr #nd Lord - Undorst¥nding Jesus, that it is l)18ssgJ to gtve than lo refv9 In sèttlng objectw•$ and plannirvJ for IN1t5, the Trustees ha gNen due Consor•Ian to general guid¥n¢e published by the Ch•rty Commww relating to pubk benefit. IrKIJ1rVJ the guidance'Public benafrt.. wnnirvJ ¢harty IPB21'. Page 2
STARFISH MALAWI
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢higvements and perfomiane•
a. Charitable actlvltles
2021 was another extraordinary year for the woild. let abne Slathsh Malawi. Schcds often stayed cltssed and
people were requested to stay at hom¢. in Malam as well as th& UK. This definit0 changed the nare of the
wtyk Ihal we did. The quest we had lo ask was could we Gonb"nue to support those in need. Vttn our
normal procedures ¥nd processes had lo be VIewe
STARFISH MALAWI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 DECEMBER 2021 b. R•serves policy and financlal revlew It 1$ th? policy of the Charitys tr1151ees lo mwntain unreslrKa¥d funds. which are fra¢ reserves of Ihe Charity. at a level that equates lo a minimum of three months of operatin9 expendrture. This provides sufficient funds to cover management, administr•tion and support ¢osts. and to respond to emergency situations. We just lell thi at the end of tho year, but knew that runnN)g costs were ¢ored and income wa$ expeded. The fat1 for hokling thi% rese is #s fol¢hvs'. - to ensure thè financial security and proper slaffing of the Charty - to pthde adequate rewurc•s lo meet thaknges by ikn¥ and uncertain funding streams During the period undèr rewvw, the total in¢tyne receivad by the charity wras £339.16412020.' £245.2861. Thè principal souices ol in¢om¢ were Irn ln$trtutal aThJ indwJual donatn$.. the trust¢es and staff arg 9m1ul for Ihis ongoing support. Given Ihe current •¢onomK cfimate. the truslees are satsfd with the perfomance oftho charty durlng the year and with the finanGial posrtion as at 31 De¢ember 2021. The truste88 consid&r the charity is in a good p¢)silion to continue it$ o¢tivities during the coming ypar and that the chantys asstrts are adequate to fulfrl its obligations. Her. the IN8lee5 wll contin( to explore optws for fflainlaintsig ¥nd creasing in¢om¢ levels. c. COV1[19 Smpa¢t •latement We have Seen our Irttvn• In¢r•a5e during thè ndern and 8r• grateful lo our 8UPPOrters. 11 th silualion was to w¢ys¢n and our income was lo be aff8ct8d, our reserves would alltsw us 8cffle time before we needed lo scal& b¥¢k our prciects so thai this could be managed properly to minimise disruption. d. Prfn¢lpal fundSng DurirvJ the or, prin¢i>al fundiNJ for bth unr•stri¢ted and restsicted •#ivitie8 cam8 from don4tiOnS and fiJndraisiTrg. structur•i gov•rnnc• and management . Constitutton Starfish Malawi is a regi$t•red drIty. nUMr 1130350. a1 is ¢cffjsts"luted under a Tfust deed. b. Methodg of appolnkn•nt or electlon of Trust••¥ The managèment of the Chafity is the fesponsibilty Tnkns th are elected ¢¢>opled under th• lefms of th Trust deed. . Flnanclal rlsk management The Trustees have assessed the major risks lo which the Charty is exposed. in particuhr those retated to the operations and finances of the Charty. and are Satisf that sy3lems and pldre% are in pia¢e to mrtigale exposure lo the major risks. Page 4
STARFISH MALA TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEklBER 2021 Plans for futur• pw5od• We ¢ontinue lo wort wlh our existiro supportef3 and for trusts and grants. Statsmont ol Tru•t•o8' reJpon•lbllltkni The Truslees aro responble for prep8ring tha Trustees. rem artd the financial statements in ac¢ordanc8 with applublè 18w and United lthngdom Accounting Slandaf¢Js (Unrted "n9Orn Generalty Accepted Accounting Practice). Tho #PICable to ¢harilies in England & WaS8s r¢qubre5 the Twslees to pt¥pare financial statem•nl8 for each financral y&8f which give a tru• and fair vithv ol the state of affairs of the Charity and of its incoming resources ond aFplication of re50Ufces, induding ts incom$ and expendrture. for that p•riod. In preparing the finanaol $tslements, the Trustees are requi to= Select 8Uitabts ac¢ounling pol¢ciès and then appty Ihem c4)n$ist¢ntty,' observe the mèlh¢d$ and prrnc4ple5 of the Charilits SORP IFRS 1021.. make judg•ments and a¢¢ounb"ng estwnates that are reasonabk and Pfudent., state whethtrr apP1Kab UK Aecountin9 Stsndards IFRS 1021 have been fomowed. sutye¢t to any matorial departures disckJ88d an¢Y eXpIned in the financial $latements', prepare the financial stat•ment8 on the 9ty0g conc4m basis unle88 it 18 Inapprcyri8te to prt8ume thal th• Charity wll continue in busine The Trustees are SnsIb for keeping adequate accounting record$ that are sufficient lo show and explain Ihg ChariV8 tr8nsathon$ and di8dose wth reasonatrje accuracy al 8ny t¥ne th8 financial position ol the Charity and enable Ih•m lo ensure that the financial statements compty the Charities Act 2011, the Charity IAccountS 8nd Reports) RoguLitions 2008 and ihe prOvisn6 of th8 Trust deed. Th&y are also responsibl& for $aleguarding the a$so1s of the Charty and hence fr>r ta.ng rea¥•blo steps for the prevention and detection of fraud and othe1 iryegularities. Appr by ol the members of the board ofTru8teey and glgned on Iheir lJ•hèll by.. C Kn<)tt Trustee Date". Page S
STARFISH hlALA INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Independent •xaminerfs report to the Tta•S of Starfish Malawl fthe Charlty'l I r¢port lo th• ¢harty Trustees on my examinat of the c(¥Jftts of the Charity for the year ended 31 December 2021. Responslbllltles and bash of report As the Trusl¢e5 of the Charity ytyJ are respon$ibk for the proparation of the accounts in acCrdan wth the requirem•nts of the Charitios Act 2011 Ilhe 2011 Adl. I pOrt in respect of my exaMinaln ol the Chwitrfs accounts carried out urbder section 145 of the 2011 Act and in ¢arrwng cyjt my mInatn I the applKable Directions 9Nen by the Charty Commission und•r se¢lion 145ISllbl of the 2011 Act. Ind•d¥nt oxamSn•rf$ $tat•menl Since Charitys gross incomg exceeded £250,000 your examiner musl be a momber ol a body li$l8d In section 145 of the 2011 Act. l ¢onfinD that l am qudrfd to uThlertake the examination because l am a of the ICAEW, which is one ol the listed bodies. I have wnpleted my examination. I confim that no matters have come to my attention in nneCtion with th8 ex8min8ts.on gwitvJ m• ¢8use to beIve th91 in any matèrial respect.. accounting records wera rt kept in respeci of the Chafity 41 r•qulred by seciion 130 of the 2011 Act., or th• accounts do not a¢wd thos• r¢¢oTds'. or the accounts do not Ccffip ¥th the applicab reqvirements con¢wning the lomi and ¢onlènl of ccounts set o1rt In the Chariti8s (Accounts and R¢ptsrtsl Regulation$ 2008 oiher than •ny requirement that the gc¢ounts gNe a •nd fairf vi* i¥ not a matter ¢onsidereA as p8rt of an indep8nd&nt examingtion. I have rKJ concom$ and haNY com• a¢ros$ nts dher matters M COnn•¢t with tho exarrinaticm lo which attention should b• drawn in this rewt in orderto enabl a proper understanding of the account$ to bè reached. Signed.. Dated.. 22 August 2022 D Co¢hrnnDy0t Bse BFP FCA Independent Examiner For and on behaw of MHA Maclntyre Hudson. Chartered Ac¢ountsnls Maidstone Untt¢d Kingdom Pag¢ 6
STARFISH MALAWI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrlct•d funds 2021 R•strict¢d nds 2021 Total funds 2021 TolAI fvnds 2020 Not• Income from: l)oThations and grants Oth•r trading actiwti¢$ 69.342 7.014 235,234 27,574 304,S76 34,588 227,335 17,951 Total Incom• 76.366 262.808 339,164 245.286 Expendltur• on: Raising funds Charit¥ble actNitie$ 9.773 69.839 9.773 241,666 9,081 207,891 171.827 Total •xpèndEtur• 79.612 171,827 251.439 216,972 N•t lèxpndltur•Vlneom• Transfers between funds 13.2561 {2.4581 90,981 2.458 87,725 28,314 12 N•t m¢v•mont In fund• 15.7141 93.439 B7.725 28.314 R•¢oncSll•iJon of lunds: Total fund5 broughl fornY•rd Nel movement in funds 10.S06 16,7141 129.133 93.439 139.639 87.726 111.325 28.314 Total funds carrl•d loThnrd 4.792 222.572 227.364 139.639 Th• Statement offfinancial *tivities Indudes all gains * k)38es recogni$ in the year. Th• notes on pages 9 to 19 fomi part ofthe5e financigl statern. Page 7
STARFISH hlALAWI BALANCE SHEET AS AT 31 DECEM8ER 2021 2021 2020 Currnnt a• Debtors Cash at bank and in hand 10 229.612 141,179 229.612 141.679 Creditors.. gmourhts falling du• wrthin one year 11 {2.2481 (2,040) N•t ¢urr•nt a•••ts 227.364 139.639 Total n•t •••ets 227.364 139,639 Charlty n61 Restrictod fvnds Unrestricted funds 12 12 222.572 4.792 129, 133 10,506 Tot41 fund• 139.639 The finanaal ststemenb w•re ar authorwd issue by th• Truste and signed on Ih•ir bohaff by.. C Knott Trustee D81e'. The notes on pages 9 to 19 fonn part of these finandèl $tatem&nl8. Page 8
STARFISH MALAWI NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng polScles 1.1 Basls of pr•paratlon ol firtancial Statofflonts Starfish Malawi 15 an Unlorated IN. consbtuted under 8 Trust Oead. The financ1 statemènt5 have beon prepared in accordan¢e with the Charities SORP {FRS 1021- Accounting and Rèporting by CharrtEs.' Statement ol Rè¢ommended pralce appliGable lo charrties preparing their accounts in ac¢ordance wrth the Financial Rewling Stsndard ¥ppluble in tha UK and Repu of IreL8nd IFRS 102} leffectNe 1 Janvary 20191, the Financial Reporting Standard applicab in the UK aNI Republ ol Ireland IFRS 1021 and the Charities Act 2011. The financial statements are present•d in slerfing, which is th• functional currency of the ¢harty, and Tounded to the nearest £1. The finan¢ial stslements have be•n prepa to give a Irue and fairf vw and have departed Irom the Charrties IAccount$ and Reports) RegulatK)n$ 2008 onty to the èxtent required to provide a Ifu nd f•irf This departum has inv&W folk>•n9 the Charities SORP {FRS 1021 published on 16 Juty 2014 Tather than the A¢¢ounling and Reporting by Charit$.. Slatemont ol Recommandod Practice effective froffl 1 Aprd 2W5 has svjce withdrawn. St¥rfish MaLThi meets the definrtion of a Publ ben&frt ¢nlrty und•r FRS 102. Assets and liabilitigs ara inthalty reco9nised al h1¢1 cost or transaction ue unl8$$ Other$& slated in th• r•l•vant accounting polw. 1.2 Golng con¢wn The Trust••$ have consid¢red th• Charitys fingnciol pojition. In particulqr tho potents81 implication$ of th• cov119 pandemi Whilst the eventual finanrAal imp¥¢i of the paTraeM on the Charty, arKI on th& ovgrall economy. remains uncertain, 9Nen the ongoiThJ financial support and funding re¢eNed after thg year end. the Trustees have 8 reasonable eXpedal)Tr that the Charity will be ablè to contsnue to operate lor th• foreseeable ftrtur•. The Trust•e$ Consider that it is appropn.ate lo pr4)aro the finan¢ial stalem•nlg on a going ¢on¢em basis. 1.3 Incom• AJI in¢ome is reccgnised once the Chaiity has entrtlemonl to the income. it is pfoboble that th• income be ree•ived and the amount of incm receivable can be Measu reliably. 1A Expendltur• Expenditure 15 recognised On Ihern is a kgal or constructive abratIOn to transfer ecOrle benefrt to a third party, rt is probab that a transfer of economic benefits wll be ro4uired in settlèrnent and the amtsunt ofthe obligation can bè measured relkqbty. Expenditure is classified by actiwty. The costs of each activity are made up of the of direct costs and shared costs, including support costs invofved in undertaking each a¢liffji. Direct costs attributable lo a single acltV5ty are allcrAted directly to that activity. Shared costs whKh wnlribute lo fflore than ¢e aciivty and support ¢0sts which a not attributabk to a sirwJle adivity are apportioned bètween those aetivilies a ba515 consistent wrth the use ol resources. Central staff costs are dlocated on the bw of M)e spen( and d&preciats)n charges allctated on the F4)rtKin of the as5efs us¢. Page 9
STARFISH MALA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIABER 2021 Accountlng pollcles Icontlnuedl 1A Expendltufe Icontlnu8d Expenditure on raising funds includas al eypenditure in¢urred by the Charity lo raise funds for its ¢haritable purpos&s ¥nd indudes ¢osts of all fvndraising acliwlies èvents and non<haritable trading. Expenditure on ¢haritab actwitw M incurred on diTerAty undgrtaking the aclwitw 1¢h further thg Charws o'¢¢tivey. as wel as any assctiat8d $upport costs. 1.6 D•btorn Trade and other dobtors •re recwnised •t Ihe 8etUemènt amount after any trade discount offered. Pr•payinents are 1(1 #l the amount pf•paéd net of any trade discounts due. 1.6 Cmh at bank and In hand Cash at bartk and in hand indud¥$ ¢ash and 8hort4erm highty IKiuK4 Investments with a Short maturity ol three month$ or less from Ihe dale ol acquisit•)n or opening of the deposit or Similar 8¢¢ounl. 1.7 Llabllltlm and provlslon• Liabilrtl¢$ are reCognid when the is an ¢blvJalion at the B81¥re sheet date 4$ a result of a pg$1 event, it i¥ pr¢Jbable Ihat 8 tr•nsfef of econtynic benefit wll required in so¢llemenl. and the amount of th• settlement can h ¢$timated reliabty. Liabllitl05 are recognised al the amount that the Charbty ontitypates rt wil pay lo settle the debi or the ount f¢ has recewd 8$ a(fvanced payynents for the go&a$ (x Serv$ it must prowde. 1.8 Fln•n¢ll Instruments The Charity fy)ly has financial a$sel$ and financial lthilities of a kind Ihal qualify as ba$1¢ financial instruments. Basic financial instruments are initialty Teccsnised at tr¥05ath'on valu• and subsequently measured 8t their settleThnt value vmh the eyceplion ol bank loans whth gre subsequently measured al wnortisod cost using the effecti interest method. 1.9 P•nslon$ Th8 Charity ¢¥erate$ • defined contribution pensKJn schema and th8 pènsb)n charge repres•nt$ thè amounts payable by the Charity to the lund in resped ofthe year. 1.10 Fund accounting General lunds a unrestricled fund5 whth we ¥vaiLgble for use al the discrètion of the Trustees in further¥nce of the genèral obJect)ves of thè Charty and whh have not b•&n designated lor other purptsses. Restrted lunds are funds vthich are to be us&J in acctrdance w¢th spe¢rfic restrictions imposed by donors or whi¢h have been raised by the Chty for particuLar purposes. The costs of raising and administenng such funds arè charged againsl the 5pecffic fund. The ain and use of reslricled fund is set in the noles to Ihe financd statemen13. Page 10
STARFISH MALA NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2021 Income from donatJon$ *nd grants Unrestricted R•stricted funds lunds 2021 2021 Total funds 2021 Total lunds 2020 Donat6 and grants 69,342 235,234 304,676 227,335 In 2020. £166,728 of the abo donation5 and grants aitributable to restitted fvnd¥ and £60,607 wefe attributable to un$trled funds. Incom• froffl ¢)th•r tradSng •ctlvliles IrKom• frorn fundral$lng ?ntS UnrestrlcI R•strf¢t¢d funds funds 2021 2021 Total fund$ 2021 Total lunds 2020 Fundraising events 27,574 27.674 17.951 In 2020. £11.787 of the ab¢Ne fvndrau8ing was attributable to re5trthd funds and £8,164 wo$ attributable lo unreslrictsd funds. Incom• frcmn non charftablo tradlng acilvltl•8 Unrestrlct•d fund$ 2021 Total fundj 2021 Total funds 2020 141an¥gement ffj•s 7,014 7.014 Page11
STARFISH MALAWI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Expgndlture on ralslng fund¥ Costs of ralslng voluntary Income Unrnstrtct•d lund5 2021 Total lurbd$ 2021 Total funds 2020 Fundr*ising costs 9.773 9,773 9,081 FurKlraislng 51$ were whoty attributabkn to unreslrKted funds in prpar year. Anaty8ls af •xpendltur• on CharItab le¥1 Summary by fund typ• Total funds 2021 Tol funds 2020 funds 2021 funds 2021 Activtti¢$ to benefrt ¢lienli 69.839 171.827 241.666 207,891 In 2020, £148,115 of the above eynditure thwiith actith w8$ attributable to Test funds and £59,776 was aitributable lo ntrIcted fut)d8. Anaty$l$ of •yndltur• by actO¥lli•s Actlvltlo8 undertakèn dlrectfy 2021 Support ¢osts 2021 Total funds 2021 Tol81 fijnds 2020 Aclivrties to benefft cli90ts 234,757 6,909 241.666 207,891 Tol& 2020 198,479 9,412 207,891 Page 12
STARFISH MALAWI NOTES TO THE FINAhlCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2021 Anatysis of èxpenditure by a¢tlvhles (contlnued) Anatysls of dlrect costs Total funds 2021 Total funds 2020 ActlvStl 2021 Stgff costs Adivities lo benefrt ¢litrnts 6, 151 192,328 234.757 234.757 Totsl 2021 234,757 234.757 798,479 Tot 2020 198,479 198,479 An•lysls of support cosis Total funds 2021 Total funds 2020 Actlvltl•s 2021 Insurance Poslffje and slati¢)r Offic6 Costs Motor and trav Depreciation ol tangible assèts Bank charges Govemance costs- IrPendent exaNnerf$ rnUn*r?tItsn 2.173 554 1,169 479 2,173 554 1,169 479 2,094 ITO 2,202 2,245 580 81 2.040 2,350 2,350 Total 2021 6,909 6,909 9,412 Total 2020 9,412 9,412 Independent examlMrf$ Temuneratlon The independent examlnerfs Temunernknon amounts to an independent oxwniner leo of £1.175 (2tr20 - £1.020), ¥rHI account$ Preparat fees of £1,17512020- £1.020). Page 13
STARFISH MALA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Staff costs 2021 2020 Wages and salaries Conlribulions to defined contrthtrtion pension schem 5,882 269 6. 151 The average number ol person$ lOyed by the Charty durirKJ yeaf was a$ foll¢yws'. 2021 2020 Management and administrnth No employee r¢ceNed r¥Mural)n rnnb.ng to ffw)re thon £60.C¥XJ in year. Trust••8' r•muneratlon and 1xn*• DurirvJ th• , no Trustees re¢eNed any r•muneTation or other benefrts (2020- £NIL). DurirKJ year, eyn$es totaNing £479 reimbursed to a TN8tea lor Iravellirvj co$t$ Incurred on charity bu$iness12020- £413). 10. D8btorn 2021 2020 Due wtthln one year Other debtors 11. Credilofs: Amounts falllng du• withln one y•ar 2021 2020 Accruals and deferred inc(Mne 2.248 2,040 Pag¥ 14
STARFISH MALAWI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 12. Statement of funds Statem•nt of funds- curr•nt year Balance at 31 Docémber 2021 Balanc• at 1 January 2021 Transferg 5nlout Income Exp•nditur• Unr•strl¢ted funds General Fund$- au funds 10.506 76.366 179.612} 12.4581 4,792 Restrlctéd lund• BIb Explor Crowt*whlChapsinia Di5abihty Tr8n$port Fund {NYA 20201 Gateway Gi8d Tiding$ GTOC- H•aKh Centro Hurst Green I Chil)rI Laptops Madalitso Mafemty Fund mhael Jackson's Leg S8¢ond8ry School Swnsorship Washstands Miscellaneous Re¥lricted Funds 9,115 6.117 29.180 7.957 110.1941 15.0601 28,101 9,014 7.699 8.192 6.742 23.670 27.398 4,925 3.312 6,805 15,030) 15.3SO} {18,7071 {20,1491 12.6001 10,853 7,169 8,637 13,280 14,707 3.312 16.097 60.000 13.286 28.583 2.683 3,674 6.031 12,282 20,238 {10,944) 10,716 31,926 2,683 13,203 53.623 110,6321 166,9661 12,878 27.801 126.2871 16.850 129.133 261808 1171.8271 222.572 Total of fund$ 139.639 339.164 {251N391 227,364 Page15
STARFISH MALAWI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11 Statement ol funds Icontlnu•dl Statement olfunds- prlor year 8818nGe al 31 Transfets D8cembor 2020 8alanc8 at l January 2020 Unrostrfcted funds Gentral Funds 73,688 6¢7Ti (68.857) (1,0961 io,&x R•strlcted fvnds Blble Explorer Cf¢)Wborougch8p$lfiJa Disability Transport Fund INYA 20201 Gateway Glad Tidin98 GTOC- Heatth Cenlre Hufst Green I ChilNArl Laptops Madaltso Mat¥mty Fund Mhal Ja¢k50n's Le9aCy Secondary S¢h¢)ol Sponsorship 12.820 4780 (11,645) f4884J 9,115 6.117 221 {989J (4,255) (22,614) (19,5643 (6,386) (8, 108) (391) (30. 149) f4,324) (33,806) 14LX)) 7,699 5, 777 3,674 6,031 12,282 20,236 10,715 31,926 2,683 12,878 9,647 8,940 9, 745 12.338 19,329 920 6,119 385 20.098 13,1 6.330 9.015 10. 186 ,973 7.W7 38.172 f2, 7501 2. 750 4.383 11,399 fZ8871 9T,637 178.515 (148, 115) 1.096 129.133 Total of funds 111.325 245.286 (216.972) 139,639 Pag¢ 16
STARFISH MALA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13. Summary of fund$ Summary ol funds- curr•nt y1 Balance at 31 D•¢•mb8r 2021 Balan¢¢ at 1 January 2021 Transfèrs Inlout Income Eyndlturn General fund$ Restricted fund$ 10.%)6 129,133 76.356 262.808 (79.6121 1171.8271 (2.4581 2,458 4,792 222,572 139.639 339.164 12S1.4391 227,364 Summary oflunds- prtoy y•ar 8818nco al 31 Transfers Decembof Vout 2020 Balance at l January Inwn6 Expgnditu General funds Restrkled lunds 13,688 97.637 66.771 178.515 f68,857J (148, 175) (1,096J 1.096 io,& 129, 133 111,325 245.286 (216,972J 139,639 Page 17
STARFISH MALAWI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Gèneral Funds Includes donat$ and legact¥$ made princ4)aty to supwt projects which eannot be classified wthin thr Charitls main headings. It alsts indudes funds for which thatk)ns have been made in advance of any restriction appli by OT notffjd lo the Truslee5. Restrlded Funds Blbl Explorer - a worldwide 16achlrrfJ m(Jel that helps childien lo understand the Bible in a way that Is both fun and interactive. The lund enables the Charity lo run thi$ programme in the UK and Malawi, with dedted teachor5 ddNering lessons in over SO s¢horA5 and T¥h1n9 nearfy 7,000 students. Crowboroughlchapslnla - thi5 fund provides 8UPPOrt for ongowy In 8chool ¥wsor$hip and educalion, as well as orphan Care, in th6 Chapsinja of Malawi. Dlsablllty Transport Fund INYA 20201- this fund allm for the prowsKJn of Iran$wt lor children that are going lo hospital to receive vrtal operations and med1 attention. Gat¥way - unable to afford sanitsry prGIe(aic. many girfs in Makni do not attend School during p8rk¢ds. Gateway W¢rk5 Wrth ILVI swng groups in the coffmuniliè$ to provid& reu$8ble Banitary hygitrnè kits and encourage girls to complete their educalion. This fvnd provides the n8¢8$sary resourc0$ lo Carry out these activities. Glad Tldlng$- thi8 vras th• first project set up by the Charity in Malawi and stlll runs today. The fvnd aids the prowsion of heatthcare. lK)n and daity meals for orphans. GTOC - H•alth Contr• - this fvnd provid¢s the necessary Mources to wn Glad TMlin9$ Orphan Care IGTOCI. o ¢ommunity-based organisatKJn whth aims to empow vulnerable children. The centre provides a Childn,$ h•atthcaTe clin, nursery educathin. a feedin9 PfQgramme safeguarding ser¥icos for children akngside a numb8r of othw comnwnty development projects. Hurnt Greenlchltlwlrl - this fund provKles r8sour¢es towards A sch¢KIs programme focused 8round •(JLt¢alion, secondary School sponsorship, first aid and fwj prOvisft. L•ptopg- funding 1$ to be used for the purcha$• of Wops whh are required to further the dOlopment of schods work and students ¥ttendiTrJ unrversty, in addthn to equipping th6 Starf15h Malaw offe. Madalltso - the Madalitso lund Provides a ¢¢ntre for Vulnèrab girfs to I in safety and to pursue IheSr education in peace. Th8 $vpport indudes a¢¢ommodat¢on costs for som& of Ihe girts residing al Elizabeth ope house, a weekty feediThJ progran. school tuit¥)n fee5 and the prow5ion ol Schc)I uniforyn5. Matsrnlty Fund- this (und was created lo tyjikl a mat?mty Mng in N9ckn'ndo. where there 15 a very high infant mortalty rate. The fvJThJ 0180 contributes fixtures and fiitings. beds, and 8 c0niribLrtn toward$ n¢nning costs for one year. Mlchael Ja¢kson's Lega¢y - thi5 fund consists of donations recewed from Michael Jackson's Legacy, a charitable organisation dedted lo humanrtarian work, Wh has been used lo prowdts 4 9arden centr• for fc¥)d ond educakn, #nd a classrwn ts di8abl8d ¢hildren. S•condary Schwl Sponsorshlp - this fund was Set up to provide further edu¢ation for orphans w)d wlnwable children, most ofwhckn come from the Chanws linked piÈmary schools. Washstand$ - this fund prtsvides the n•ces$ary resources to allcw the Charity lo help pwde the community wth dean water tor washirKJ arKI has been espeualty inportant this year vAth the outbreak of the COVID-19 pandemic. Page18
STARFISH MALAWI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 In addition to the funds ¢Jescribed thve, the Charity runs many (¢her smaller projects whi¢h have Teslricted funds attached. A 10t of these funds has been presented in th¢ statement of funds as 'Miscellaneous Restricted Funds.. as the the indivpJual balance$ and nature of the funds ha not been deerned material by tho Trustees. 14. Analysls of n•t assets b•twegn Ivnd• Anatysls ol net ass•ts b*tween lund$- Current ywr Unt•strlcted R•strlcted funds funds 2021 2021 Total funds 2021 Curytrnl assets Credrtor5 due wthin on8 yaar 222.572 229,612 12.2481 12,2481 Total 4,792 222,572 227,364 Anaty$l• of n•t •$¥ets bgtw••n funds- prlor yr Unrnstncted R8stricled funds nds 2020 202Q Tot81 lunds 2020 Current 8$$els Credlors wlhin one y•ar 12.546 (2,040) 129, 133 1rf1,679 12,040) Tot 10, 129, 133 739,639 16. Pfrnslon ¢ommkniènts The Chanty operates a defined ¢ontribution pensitsn scheme. The assets of the scheme are held separatety Irom thts¥e of the Chanty in an independenty administered fund. The pension c061 charge fepresenls contn"butions payab by the Charity lo the fund and amounted to £Nil (2020 - £269). No outstanding amounts were payable lo the fund 81 the balan¢¢ sheet date {2020- £N). 16. Relat•d party transa¢tlons Apart from Trust, expenses reimbursed as disclosed in Note 9. there wore no othgr related party transactions for the year ended 31 December 2021 (2020- £Nil). Page19