Charlty r•gistr•tion numb•r 1133371 Company r•glstration number 06884556 (England •nd Wales) Memusi Foundatlon Annual Report and unaudlted Financlal Statements For the year ended 31 March 2024
Memusi Foundation Legal and administrative information Trustees Mr L M Clayton Mr J S Alexander Ms A Colley-Perkins Mrj Uddle Mr H Norton Mr M Norton MrSICWebb Charlty nvmb•r 1133371 Comp•ny number 06884556 Reglstered offlc• CHN House l John Charles Way Gelderd Road Leeds LS12 6QA Accountants DJH LeÈds Umited 1-2 Virtoria Court Bank Square M(Jrley Leeds LS27 9SE
Memusi Foundation Contents Page Trustees. Annual report Accountants, report Statement of financlal actlvltles Balance sheet Notes to the financial statements 8-10
Memusi Foundation Trustees, annual report (Includlng directors. report) For the year ended 31 March 2024 The trustees. who are also the dlrectors for the purposes of company law, present thelr report and the unaudited flnanclal ststements of the charlty for the year ended 31 March 2024. Objectlves and activities The overriding objective of the charity Is for the benefit of young people In Afrlca to advance educatlon In pèrtlcular by the development, support and management of educatlonal Institutlons. Further oblectlves extend to ensure thbt the school and communltles have sufficient $UPkrt to excel. Food, dothlng and employment opportunltles are all invested In to help the Communities whèrè we work to thrive. We have referre¢J to the guldance contalned in the Charlty Commi55ion'$ 9eneral guidance on public benefit when reviewing our alms and objective5 and in plannlng our future actlvltles. Achlevements and perforniance Significant activities and achlevements agalnst obje¢tives Over the perfod. the Memusl Foundatlon has delivered In a number of areas to mèet Its plans In the operntlng perlod of 2023 to 2024. These are listed below: The end of 2023 saw the elghth year group of chlldren to complete Primary education at Memusi Schtsol. We contlnue to be delighted that our perfom)ance at Memusl contlnues to demonstrate strong results for the school. wlth Memu51 again being one of the only schools In the Magadl Ward to have seen grades Increase durlng the imparted COVID Pe0d and keeps us on track for our goals and aim5 of Quallty Educatlon. Support of running ctssts Includlng Memusi School and Memusl B School and Memusl C In Magadl, Kenya. Employment is provided for 45 staff across 35 perwnanent classrooms, 5UPPilrting the 1120 Prlmary age children. Memusl B now has 18 cla$5es ènd employs 19 teachers, a cook, cleaner and security (in line with expected standards). Thls school cuentlY provldes eduotion for 540 childrtn. A contlnued and sl9nlflcant focu5 has been placed Into Chlld Sponsorshlp to ensure that this support Is posslble. Hlgh School Sporb5orship - we are dellghted to bè able to offer support for many of our students who have Qualified from prnary school. Through both partnershlps. scholarshlps through sport and sponsorshlp we are delighted to see our graduates progre55 Into good secondary level schools. 2 new classrooms we are I(dIblY exclted that we have been able to build a number of our innovatlon bullds In Ma9adi. We have seen in prevlous years the hugè benefit of thèsÈ bullds and also are delighted to have been able to support other charities and NG05 through these deslgns. Over the last accountlng year we have built an addltlonal 2 classrooms at Memusl B . These innovation build5 halve the cost of constwction, they halve the build time. they use local rnaterials, uce the Intemal temperatures by over 10 degeS and also redu the carbon footprlnt of construction. RefLbrbishment and Repalrs our propertles reqijire ongolng repalrs and refurblshment on an ongolng basls due to the harsh conditlons where our schools are based. Over the last year, we have invested into repalr5 and refurblshment through floor tlllngi wall repaSrs, celllng replacements. palntlng anil de¢orating and concrete repair of erosion. Mlcro Loans and Community Empowerment - our prevlous pllots of mlcro loans have demonstrated a positive impart not Just on the Ilves of the families that beneflt from thls programme, but also a ptssitivè impart on education too. Where a famlly thrfives, our research demonstrdtes that the children thrlve more In school. We are dellghted to have launched 3 new mlcro loan co-operatlves, where 6 women work together In support of each other In setting up their businesses. This is a programme that we contlnue to look to grow in comlng years, bulldlng the local economles around our schools.
Memusi Foundation Trustees. annual report (including directors, report) (continued) For the year ended 31 March 2024 Sustalnability and Famln9 - as a charity. vrfe have been working hard on bullding 5tJstainabrlity of our projects and alming to offset a lot of the running costs in future years. Through grant fundlng we have set up a number of pilot projects with local communities to fami papaya. tomatoes an other vegetables. provldlng food at an affordable rnte and generatlng money that can then 90 into our education programmes. Post thi5 pilot we are looklng to grow these projects substantially In the mIng years. Dormitory Beds - upon completlon of our dormltory StrUrtU at Memusi B. we have purchased 30 bunk beds and items needed for the girls who wlll beneflt from this project. Latrines the completion of another latrfne block for school and then a second blo¢k for the support of the dormitory foclllty at Memusl Desks / Tables and Chalrs - the purchase of 60 desks and chalr5 at Memusi A and 60 desks and chalrs at Memusl B Nlssl Orphanage the Orphanage are a long standing friend of Memusi Foundatlon and over a number of years we have been able to support where funds are avallable to support both the school and orphanage. As part of our support. we have now extended our sUPPOrt to help NlssS to develop Its own farm and therefore begin its sustalnability jtsumey as well as support both the orphanage chlldren and it$1gcally supported ¢hlldren Into school. Due to the poor quality of school Infrastructure at Nissl, our support has meant that we have been able to support over 60 childn to access a better and more stable level of education. Medlcal camp - 2 medlcal camps have been deliVed durlng this ac¢ountlng year. The medlcal camps are important support to both communltles and chlldren wlth the fimi belief that healthy students and communitles dellver stronger education outcomes. These medlcal camps have reached over 800 people wlth free a¢¢ess to healthcare and dental care In partnershlp wlth Maa Healthcare Initiative {our long standlng partners). These two camps provlded £50k worth of free healthcare to our school communltles and in total throughout our partnership has passed £800k of healthcare benefit. Text Books - across all of our schools, we have Invested heavily IA more text book5 to ensure that the rTrght amount of provision of leaming materials are there for the chlldren to leam properly. Wlth the introductlon of a new currlculLsm In Kenya, this has br¢ught new expense with the need for whole sets of new material across many grades as we transhtion Into the Junlor Secondary Model. Unlforms - The start of the sthool year saw the purchase of new school unlforms for all children at Memusl and Memusl 8 schools Durlng Chri5tma$ 2023, we hekl a fourth campalgn called 'See the Child, whlch a150 SUPPOrted Chlldren In Magadi Ind their famlliès and street children on the streets of Nalrobl. Our programme to provide food to chlldren at this tlme enabled ijs to reach over 8,000 thildren, dellvered and enabled through volunteers and ha5 now supported 28,000 children in the length of this pr¢gramme. Post the success of our 'See the Child, campaign. we launched a fijll time progrdmme In Nalrobl that will provide warm food and drfnk to 150 chlldren and young people a5 well as a breakfast programme. Food is glven for those who are hun9ry, but Is also used a5 a method of building trust and relatlonships where counselling and healthcare can be provlded and also where help can be provlded to support young people to escape the street5, Thls programme provlded over 15,000 meals In the last year, At the be9lnning of 2023, we also launched an empowemierst programme supporting young people who are Seeking to move on with thelr Ilves. We provide financlal support and coachlng and look fotward to this programme growlng fvrther in the comlng year as we continue to seek support opportunitles.
Memusi Foundation Trustees. annual report (Including directors. report) (contlnued) For the year ended 31 March 2024 Fln¥Trclal revlew Princlple Fundlng Source Fundln9 has been secured thrwgh dlfferent key approa¢hes. Namelyi these have been through fvndralslng actfvities carfed out by trustee members of the charltles as well as other different support groups. The trustees are 9rateful to all funders. In addltion, the foundatlon has contlnued the development of monthly glvlng through Its chlld sponsorshlp programme. Investment Pollcy - Aslde from retaining a prudent amount In reserves each year (whlch wlll be revlewed by the trustees on an annual basls), most of the charities ftxnd5 are to be spent In the short term, mainly to support the ongoing running and development of the educatlonal facllltles and bulldlng structures. Plan$ for future porlods Our focus contlnues Into the next year on the Implementation of the offer of quallty educatlon to children at Memusi A, Memusi B and Memusi C. We contlnue to work on the development of Infrastructure. support of teachlng staff and provlslon of resources to ensure that the quality of educatlon offered Is the very best that it ¢an be. Ongolng, we continue to test new Ideas to Implement the Interventions that wlll see the quallty of education provided In our schools to keep progressing forward. Our progrnmme of Memusl Outreach wlll contlnue to mll out across Xhools in the Magadl Ward of Kenya, helplng to support children ross all public schools to get è quallty Èdu¢atlon. These InteNentlons can be applied en-mass and help ralse the bar on education )¢ross the entire area through the small Interventions that we have seen and tested in prevlous years- teacher (Jevelopment, healthcare, sanltary provi51on and educatlon materfals and resoLtrces where fundino allows. We wfill look to further roll out the constructlon of MO Innovation Classrooms Into our own schools,. demonstratlng our own approach to the dellvery of education that tackles those slgnlflcant challenges that are fa right across Kenya when It comes to quality educatlon. Through these bullds we are halving the cost of construction meaning that not only Is money being saved In construction, but that money can be used to ensure that the Intemal spend Is equal (all critical things in the dellvery of oualTrty education and SDG4). We hope that our work in thi5 area can Influence others who work in educatlon and international development to thlnk differently and adopt this Memusl model. We look foNard to brlnglng ba¢k our medlcal camps in partnership with Maa Healthcare and launching a new farmlng proJe¢t that we believe can help considerably towards the sustainability of our programmes. We are looklng ftsrward in the next accounting year to Invèst in sustainablllty. Wlth growth ¢orrhe5 ongolng operation tsverheads and wlth so much uncertalnty wlth c05t of living and fluctuation or the economy we are devèloping a robust plan to develop a number of in country sustalnablllty programmes. Finally, with our Street Chlld Programme (See the Child) we look forward to seelng thls rlng fenced money support an ongoing feeding, counselling and rehabllltsuon programme for children and young people whc> Ilve and work on the streets of Nalrobl. strurtur4 govern•n¢¢ and management We have referred to the guldance contained in the Charlty Commlssoon's genernl gUIdar on publk beneflt when reviewing our aim5 and objectlves and In plannlng our future activities. Memusl Foundation (MF) operate5 through a structured support group In Kenya with a team of volunteers on the ground helps to ènsure that the work Is guided effertively and that the schools prog$$ plan. Strong and regular ¢tsmmunication channels are kept open wlth the tommunities and staff at each Memusl School. Decisitsn5 of development are made In the UK. wlth conference and dlscusslon wlth the expert partners in Afrtca. Advlce on the dlrection of th¢ 5rhoo15 15 agreed upon wlth the Communities and commonly presentatives, and then the investment Is made,
Memusi Foundation Trustees. annual report (including dlrertors, report) (continued) For the year ended 31 March 2024 The trustees who are also the dlrectors for the purpose of company law, and who served d¥Jring the year nd up to the date of signature of the unaudlted financlal statements were: Mr L M Clayton Nr J S Alexander Ns A Colley-Perklns Nr J Liddle 14r H Norton Mr M Norton MrSJCWebb The trustees, annual report was approved and slgned on behalf of the board of trustees by: Mr M Norton 18 Novembèr 2024
Memusl Foundation Chartered accountants, report to the board of trustees on the preparation of the unaudited statutory financial ststements of memusi foundation for the year ended 31 March 2024 In order to asslst you to fulfll your duties under the Companies Art 2006, we have ppared for your approval the finanoal ststements of Memusl Foundatlon for the year ended 31 Marth 2024. whlch comprlse the statement of financial artlvltles and the related notes from the charity's accounting records and from information and explanations you have glven us. As a prnrtising member firm of the Institute of Chartered Accountants In England and Wales, we are subject to Its ethlcal and other professlonal requirements whlch are detalled at https.'l/www.Icaew.coml regulatlon. Thls report is fflade to the Char,5 board of trustees, as a body, In accordance wlth the terms of our engagement letter. Our work has been undèrtaken solety to prepare for your approval the financial statements of Memusi Foundation and state those matters that we have agreed to state to the charfty's board of twstees, as a bodyi Sn this report in accordance with ICAEW Technical Release 07116 AAF. To the hjllest extent permltted by law, we do not accept or assume responsibility to anyone other than Memusl Foundatlon and the charlty's board of trustees as a body, for our work or for this report. It Is your duty to ensure that Memusl Foundatlon has kept adequate accountin9 record5 and to prepare statutory finonoal statements that give a true and falr vlew of the assets, Ilabllltles, ftnanclal position and surplus of Memusi Foundation. You conslder that Memusl Foundation Is exempt from the statutory audit requlrement for the year, and is not requlred to obtaln an Independent examlner's report. We have not been Instructed to carry out an audlt or a revlèw of the firne[al statements of Memusl Foundatlon. For thls reason, we have not verified the accuracy or completene$5 of the accounting re¢ords or infomiation and explanations YOLt have glven to us and we do not, therefore, express any oplnlon on the statOry flnanclal ststements. DJM L••ds Llmlt•d 18 Ntsvember 2024 Chartered Accountants 1-2 Vlctorla Court Bank Square Modey Leeds L527 9SE
Memusi Foundation Statement of flnanclal activities Including income and expenditure account For the year ended 31 March 2024 Unr•strfct•d reStrIct•d fvnds funds 2024 2023 Income from: Donation5 and legacles 222,017 220,067 Total InM• 222,017 220,067 Expendlture on: Charitable artivitles 221.900 275,977 Totjl ¢xp•ndlture 221,900 275,977 t4et Income/(¢xpendltyr•) and movemént In fuhd$ 117 155,9101 Re¢onclll•tion of fund*: Fund balances at l April 2023 26,315 82.225 Fund b•l•nrns at 31 March 2024 26.432 26,315 The statement of financlal actlvltles Includes all galns and 105ses reco9nlsed In the year. All income and expendItU derlve from contlnulng actlvities. The statement of flnantial actlvltles also complles wlth the requlrements for an income and expenditu account under the Companles Art 2006.
Memusi Foundation Balance sheet As at 31 March 2024 2024 2023 Current assets Cash at bank and In hand 26,432 26,315 Not ¢urr¢nt assets 26,432 26.315 The funds of the Unrestricted fijnds 26,432 26.315 26.432 26,315 The company is entitlèd to the Èxèmption from the audlt requirement torttsined In settlon 477 of the Companies Act 2006, for the year ended 31 March 2024. The dlrertors acknowledge thelr responsibllltles for complylng wlth the qu1Ments of the Compènles Att 2006 with respéct to accountlng records and the preparation of financial statements. The members have not requlred the company to obtaln an audlt of Its flnandal statements for the year In questlon in accordance wlth sectlon 476. These financial ststements have been prepared in accordantt with the provision5 applicable to companies subjert to the small companies reglme. The financlal statements were approved by the board of trustees on 18 November 2024 Mr M Norton Comparby registration number 06884556 IEngland and Wales)
Memusl Foundation Notes to the financlal statements For the year ended 31 March 2024 A¢countlng pollcles Charity Inforniation Memusl Foundation is a public benefit entity and a prtvate company limlted by guarnntee incorporated in England and Wales. The reglstered Offi Is CHN House, l John Charles Way. Gelderd Road, Leeds, LS12 6QA. 1.1 Accountlng conventlon The financlal statements have been prepared in a¢¢ordance wlth the 's [govemlng do¢ument], the Companles Act 2006, FRS 102 -The Finan¢ial Reporting Standard appllcable In the UK and Republlc of Ireland" ("FRS 102") and the Charities SORP Accountlng and Reportlng by Charltles: Statement of Recommended PTrrtlce appllcable to charltles preparin9 thelr accounts In accordance wlth the Ffjnanclal Reportlng Standard applkable in the UK and Republic of Iland (FRS 102). leffectlve I January 2019). The Is a Public Benefit ETrty as defined by FRS 102. The has taken advantage of the provlslons in the SORP for charltles not to prepare a Ststement of Cash flows. The finandal statements are prepared In sterllng, whlch Is the functlonal currency of the entlty. Monetary amounts In these financial Statements are rounded to the ne8$t £. 1.2 Golng ¢onc•rn At the tlme of approvlng the flnanclal statements, the board of trustees have a reasonable expectstion that the has adequate resources to contirtue In operatr'onal exlstence for the ft)reseeable future. Thus the board of trustees contlnue to adopt the golng concern basls of accounting In preparin9 the flnancbal stètements. 1.3 Charitabl• fund• Unrestrltted funds are available for use at the dlseretlon of the board of trustees In furtherance of thelr charitable objectlves. Restdcted funds are subjert to speciflc condltlons by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds Ire set out in the notes to the flnanclal ststements. 1.4 Income Income Ss recognised when the is legally entitled to It after arhy performance conditions have been met. the amounts can be measured lIably• and it 15 probable that Income will be re¢elved. Cash donatlons are recognlsed on reipt. Other donatlons are recogn15ed once the has beers ntstifled of the donatfjon, unle55 perfomiance conditions require deferral of the amount. Income tax recoverable in relatlon to donations received under Glft Ald or deeds of covenant Is recognlsed at the tlme of the donatlon. Legacie5 are recognised on receipt or otherwlse if the has been notified of an Impending distributlon. the amount Is known, and recelpt Is expted. If the amount is not known, the legacy Is treated as contlngent asset.
Memusi Foundation Notes to the financial statements (continued) For the year ended 31 March 2024 Accountln9 polkles (Continu} l.S EXpendIre Expendire is recognised once there 15 a legal or constructlve obllgètlon to trnnsfer economle benefit to a thlrd party, It Is probable that a transfer of economi¢ benefi'ts will be reqUId in settlement, and the amount of the obligatlon can be measured reliably. Expendlture Is dasslfled by actlvlty. The costs of each artivlty are made up of the total of direct costs and shared costs, Includlng support costs involved in undertaking each activity. Dirert costs attributable to a slngle artlvlty a allocated dlrectly to that attlvlty. Shared costs whlch contrlbute to more than one activity and support costs which are not attributable to è single activity are apportioned beh¥een those activltles on a basls conslstent wlth the use of resources. Certral staff costs are allocated on the basls of time spent, and depreciats'on charge5 are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equlvalents Include cash In hand. deposlts held at call wlth banks, other short-term liquid investments with original maturie$ of three months or less, and bank overdrnfts. Bank overdraft5 are shown wlthln borrowlngs In ojrrent Ilabllltles. Basic financial assets Basic financial assets. whi¢h include debtors and cash and bank balances, are Inltlally measured at trdnsartlon prl¢e Includlng trdnsactlon costs and are subsequently carrSed at amortlsed cost using the effertive interest method unless the arrangement constitutes a financing transactlon, where the trnnsaction is measured at the present value of the fvture recelpts discounted at a market rate of Interest. Financial assets classlfied as recelvable wlthln one year are rbQt amortise(J. Basic financ•al liabilities Baslc financial Ilabilities, Includlng eredltors and bank loans are Inltlally recognlsed at transactlon prlce unless the arrangement conststutes a flnancing transactton, where the debt Instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classlfled as payable wlthln one year are not amortlsed. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effectlve Interest rate method. Trade credltors are obllgatlons to pay for goods or services that have been acqulred In the ordlnary course of operntlons from 5uppllers. Amounts payable are tlassified a5 current llabilities if payment is due within one year or less. If not, they are presented a5 non-current liabilities, Trade credltor5 are recognlsed Inltlally at transartlon prlce and subsequently measured at amortlsed c05t uslng the effectlve Interest method. Derecognition ol fin•n¢i•l I1•"1ti*$ Financial liabilltles are dere£ognSsed when the .5 contractual obllgatlons expire or are discharged or canlled. 1.7 Employee benefits The cost of any unused hollday entltlement Is recognised in the period in whith the employee's seNlces are recelved. Termination benefits are recognised immediately as an expense when the is demonstrably commotted to termlnate the employment of an employee or to provlde termlnatlon befits. 1.8 Limlted by gurnntee The charity is registered a5 a company limited by 9uarantee. The Ilability of the trustees (dICtorS} Is Ilmlted to the maxlmum amount of £1.
Memusi Foundation Notes to the financlal statements (continued) For the year ended 31 March 2024 Don•tlon8 and leg•cI•s UThr•¥trieted Unrestdtted fvnd5 funds 2024 2023 Donatitins aThJ legade5 222,017 220.067 Expendlre on ch•ritable activitie• Charltsb etivlt1•6 2024 Ch•rltabl• tlvltle 2023 Charitable expenditure 221,900 275.977 Analysis by fund Unrestritted funds 221.9(M) 275,977 Board Of TNst•es None of the trustees [dIctOrs) recelved any remunerntlon or benefits from the charity during the year. Employ••s The average monthly number of employees durfng the year was: 2024 Mumber 2023 Number 45 38 The total stsff costs for the period was £47.695 12023.. É55,274}. There VIe no employees whose annual remuneration was more than £60,000. An•lpl# of Charitable fund$ The amount of unrestrleted funds brought fOard for thè year was £26,315 wlth Income of £222,017 and expendlture of £221,900, leavlng a balance to carry ft)rward of £26,432. (2023: The amount of unrestricted funds brought forward for the yèar was £82,225, with income of £220,067 and expenditure of £275,977, leavlng a balance to carry forward of £26.315). io-