2023-12-31-accounts - Starfish Malawi

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STARFISH MALAWI

Charity No. 1130350

Trustees' Report and Unaudited Accounts

31 December 2023

STARFISH MALAWI Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report		5
Statement of Financial Activities		6
Summary Income and Expenditure Account		7
Balance Sheet		8
Notes to the Accounts	9 to	13
Detailed Statement of Financial Activities	14 to	15

Page 1

STARFISH MALAWI Trustees Annual Report

Charity

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1130350

Registered Office

ALDERDEN COTTAGE SPONDEN LANE SANDHURST CRANBROOK TN18 5NR

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Trustees served during the year:

P. A. Bell

B. Jackson

C. Knott

M.A. Mitchell R. Sharpe T. Pickford

Accountants

Cangaf Accountants 235 Tonge Moor Road Bolton BL2 2HR

Bankers

CAF Bank 25 Kings Hill West Mailling Kent ME19 4JQ

OBJECTIVES AND ACTIVITIES

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.

Page 2

STARFISH MALAWI Trustees Annual Report

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)'.

Starfish Malawi, as the story of the boy with his father walking along the beach, tells how they came across beautiful starfishes gasping for air, forced out of water by a storm that was beyond their control. The boy began to throw them back into the sea one after another. 2023 has been another year when many lives have been transformed through the work of Starfish Malawi.

Indeed we are still saving Starfish, as God would want us to do.

ACHIEVEMENTS AND PERFORMANCE

GATEWAY is an incredibly effective programme run and sponsored by Starfish Malawi to encourage young girls to attend school during their monthly periods as well as promoting women’s empowerment as it teaches women and girls to take their future into their own hands. It has also created job opportunities for local women as they are taught how to produce the packs in sewing groups. The distribution has seen pupils’ absenteeism drop to a record low and many girls progress in their education.

SPONSORSHIP In the year 2023, we supported 167 students in different secondary schools and 43 of our former secondary students at university, colleges or in vocational training throughout the country. We had 6 students who completed their universities and are now applying for good jobs - something they never dreamed of. We are encouraged to see our sponsored students each year become responsible citizens by not only taking care of themselves but also their family members. This programme has become so successful that it has attracted the attention of the local MP in our area, who came and shared his life journey to encourage all our students during our student week.

Page 3

STARFISH MALAWI

Trustees Annual Report

Bible Explorer is another programme which reaches the lives of children with the Word of God. In 2023, over 10,000 children were taught Old and New Testament in their RE class by our teachers who visited 57 primary schools within the district. Due to a severe shortage of teachers in Malawi schools, the Education Department were relieved when Starfish started the programme within the district to help pupils hear and understand the Word of God for themselves.

HOPE CLINIC The impact and the effect of this clinic since it started cannot be over emphasised within the communities it serves in Salima. In fact 52,513 patients were treated in 2023. The success attracted the health ministry, and the deputy minister who visited the clinic requested that we add a maternity unit. So 2023 saw the near completion of the 12 bed maternity unit which we trust will reduce the rate of mother and infant mortality and eliminate the traditional local birth practices, which has caused the death of many mothers and their babies.

EVERLAND The Special Needs Centre has seen an increase in the number of special needs students being supported. Parents who have kept their special needs children at home without seeking education for them in the past are now bringing them to the centre after seeing the progress others who attended earlier had made. In 2023, 8 of the learners were promoted to the mainstream primary school - 5 boys and 3 girls.

GLAD TIDINGS ORPHAN CARE we continue to meet the needs of 214 Orphans and Vulnerable Children through this programme. We also have four nursery schools within the communities of Ngolowindo in Salima with a total of 493 kids receiving nursery education in 2023. Each of them is provided a daily meal throughout the school period

SCHOOL DEVELOPMENT

We saw a new school block added to Trinity Primary at Moyo, water provision for 4,200 children at Chisiyo Primary in Lilongwe; a teacher’s office and school uniforms at Chipoka 2 Primary, continued school feeding programme at Chitiwiri Primary and we continue to support and work with 36 schools both in Malawi and UK on a school link programme, sharing learning and global citizenship.

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

During the period under review, the total income received by the charity was £255,473 (2022: £287,041). The principal sources of income were from institutional and individual donations; the trustees and staff are grateful for this ongoing support.

Page 4

STARFISH MALAWI Trustees Annual Report

Given the current economic climate, the trustees are satisfied with the performance of the charity during the year and with the financial position as at 31 December 2023. The trustees consider the charity is in a good position 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.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

C. Knott Trustee

31 December 2023

Page 5

STARFISH MALAWI Independent Examiners Report

Independent Examiner's Report to the trustees of STARFISH MALAWI

I report to the charity trustees on my examination of the financial statements of STARFISH MALAWI for the year ended 31 December 2023.

Responsibilities and basis 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 ('the 2011 Act')..

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Cecilia Afriyie Asamoah ACCA Cangaf Accountants 235 Tonge Moor Road Bolton BL2 2HR 31 December 2023

Page 6

STARFISH MALAWI Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds 2023 £ 41,183 19,500	Restricted funds 2023 £ 182,657 12,133	Total funds 2023 £ 223,840 31,633	Total funds 2022 £ 257,768 29,273
60,683 12,311 - 68,760	194,790 - 218,713 -	255,473 12,311 218,713 68,760	287,041 10,564 245,626 29,843
81,071 -	218,713 -	299,784 -	286,033 -
(20,388) -	(23,923) -	(44,311) -	1,008 -
(20,388)	(23,923)	(44,311)	1,008
(20,388) 47,502	(23,923) 180,870	(44,311) 228,372	1,008 227,364
27,114	156,947	184,061	228,372

Page 7

STARFISH MALAWI Summary Income and Expenditure Account for the year ended 31 December 2023

Income Gross income for the year Expenditure Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year	2023 £ 255,473 255,473 299,784 299,784 (44,311) (44,311)	2022 £ 287,041
		287,041
		286,033
		286,033
		1,008
		1,008

Page 8

STARFISH MALAWI Balance Sheet

at 31 December 2023

Company No. Notes 2023 £ Current assets Cash at bank and in hand 184,862 184,862 Creditors:Amount falling due within one year 10 (801) Net current assets 184,061 Total assets less current liabilities 184,061 Net assets excluding pension asset or liability 184,061 Total net assets 184,061 The funds of the charity Restricted funds 11 Restricted income funds 156,947 156,947 Unrestricted funds 11 General funds 27,114 27,114 Reserves 11 Total funds 184,061	2022 £ 230,914
	230,914 (2,542)
	228,372 228,372
	228,372
	228,372
	180,870
	180,870 47,502
	47,502
	228,372

The financial Statements were approved and authorised for issue by the Trustees and signed on their behalf by:

.......................................... C. Knott Trustee

Date :

Page 9

STARFISH MALAWI Notes to the Accounts

for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

STARFISH MALAWI Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

STARFISH MALAWI Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Other trading activities Total Expenditure on: Raising funds Charitable activities Other Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Income from other trading activities	Unrestricted £ 41,183 41,183 Unrestricted £ 19,500 19,500	Unrestricted funds 2022 £ 257,768 29,273 287,041 10,564 - 29,843 40,407 246,634 41,702 288,336 288,336 4,792 293,128 Restricted £ 182,657 182,657 Restricted £ 12,133 12,133	Restricted funds 2022 £ - - - - 245,626 - 245,626 (245,626) (41,702) (287,328) (287,328) 222,572 (64,756) Total 2023 £ 223,840 223,840 Total 2023 £ 31,633 31,633	Total funds 2022 £ 257,768 29,273
				287,041 10,564 245,626 29,843
				286,033
				1,008 -
				1,008
				1,008 227,364
				228,372
				Total 2022 £ 257,768
				257,768
				Total 2022 £ 29,273
				29,273

Page 12

STARFISH MALAWI Notes to the Accounts

6 Expenditure on raising funds

Fundraising trading costs 7 Expenditure on charitable activities Expenditure on charitable activities Malawi Expenses Governance costs 8 Other expenditure Employee costs Motor and travel costs General administrative costs 9 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 10 Creditors: amounts falling due within one year Accruals Deferred income	Restricted £ 218,713 - 218,713 Unrestricted £ 34,987 1,959 31,814 68,760 2023 34,987 34,987 2023 £ 801 - 801	Total 2023 £ 12,311 12,311 Total 2023 £ 218,713 - 218,713 Total 2023 £ 34,987 1,959 31,814 68,760	Total 2022 £ 10,564
			10,564
			Total 2022 £ 242,976 2,650
			245,626
			Total 2022 £ 23,752 978 5,113
			29,843
			2022 23,752
			23,752
			2022 £ - 2,542
			2,542

Page 13

STARFISH MALAWI Notes to the Accounts

11 Movement in funds

Incoming resources (including other gains/losses ) £ 194,790 194,790 60,683 255,473 Unrestricted funds £ 184,862 184,862 At 1 January 2023 £	Resources expended £ (218,713) (218,713) (81,071) (299,784) Restricted funds £ (801) (801) Cash flows £	At 31 December 2023 £ 156,947
		156,947
		27,114
		184,061
		Total £ 184,061
		184,061
		At 31 December 2023 £
230,914	(46,052)	184,862
230,914 230,914	(46,052) (46,052)	184,862
		184,862

Page 14

STARFISH MALAWI Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from: Donations and legacies Other trading activities Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Malawi Expenses Governance costs Total of expenditure on charitable activities Employee costs Salaries/wages Other staff costs Motor and travel costs Travel and subsistence General administrative costs, including depreciation and amortisation Bank charges General insurances Postage and couriers Software, IT support and related costs Subscriptions Sundry expenses	Unrestricte d funds 2023 £ 41,183 41,183 19,500 19,500 60,683 12,311 12,311 12,311 - - - - - 25,800 9,187 34,987 1,959 1,959 - 1,105 - 17,323 1,050 1,456	Restricted funds 2023 £ 182,657 182,657 12,133 12,133 194,790 - - - 218,713 218,713 - - 218,713 - - - - - - - - - - -	Total funds 2023 £ 223,840 223,840 31,633 31,633 255,473 12,311 12,311 12,311 218,713 218,713 - - 218,713 25,800 9,187 34,987 1,959 1,959 - 1,105 - 17,323 1,050 1,456	Total funds 2022 £ 257,768
				257,768
				29,273
				29,273
				287,041 10,564
				10,564
				10,564 242,976
				242,976
				2,650
				2,650
				245,626 23,752 -
				23,752
				978
				978
				141 2,260 561 - - 2,151

Page 15

STARFISH MALAWI Detailed Statement of Financial Activities

STARFISH MALAWI Detailed Statement of Financial Activities
Telephone, fax and broadband Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	10,880 31,814 68,760 81,071 - (20,388) (20,388) - (20,388) 47,502 27,114	- - - 218,713 - (23,923) (23,923) - (23,923) 180,870 156,947	10,880 31,814 68,760 299,784 - (44,311) (44,311) - (44,311) 228,372 184,061	-
				5,113
				29,843
				286,033 -
				1,008
				1,008 -
				1,008
				227,364
				228,372

Page 16