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 $UPk￿rt to excel.
Food, dothlng and employment opportunltles are all invested In to help the Communities whèrè we work to
thrive.
We have referre¢J to the guldance contalned in the Charlty Commi55ion'$ 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 Pe￿0d 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 cu￿entlY 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 p￿rnary 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 deg￿eS 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$1gcally supported ¢hlldren Into school. Due to the poor quality of school
Infrastructure at Nissl, our support has meant that we have been able to support over 60 child￿n
to access a better and more stable level of education.
Medlcal camp - 2 medlcal camps have been deliVe￿d durlng this ac¢ountlng year. The medlcal
camps are important support to both communltles and chlldren wlth the fimi belief that healthy
students and communitles dellver stronger education outcomes. These medlcal camps have
reached over 800 people wlth free a¢¢ess to healthcare and dental care In partnershlp wlth Maa
Healthcare Initiative {our long standlng partners). These two camps provlded £50k worth of free
healthcare to our school communltles and in total throughout our partnership has passed £800k of
healthcare benefit.
Text Books - across all of our schools, we have Invested heavily IA more text book5 to ensure that
the rTrght amount of provision of leaming materials are there for the chlldren to leam properly.
Wlth the introductlon of a new currlculLsm In Kenya, this has br¢ught new expense with the need
for whole sets of new material across many grades as we transhtion Into the Junlor Secondary
Model.
Unlforms - The start of the sthool year saw the purchase of new school unlforms for all children at
Memusl and Memusl 8 schools
Durlng Chri5tma$ 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 p￿pared 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 fir￿ne[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
sta￿tOry 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 In￿M•
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 ￿qu1￿Ments 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 I￿land (FRS 102). leffectlve I
January 2019). The Is a Public Benefit ETr￿ty 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 re￿ipt. 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 exp￿ted. 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 EXpendI￿re
Expendi￿re 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 reqUI￿d 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 maturi￿e$ 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•￿"1￿ti*$
Financial liabilltles are dere£ognSsed when the .5 contractual obllgatlons expire or are discharged or
can￿lled.
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 be￿fits.
1.8 Limlted by gurnntee
The charity is registered a5 a company limited by 9uarantee. The Ilability of the trustees (dI￿CtorS} 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
Expendl￿re 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 [dI￿ctOrs) 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 fO￿ard 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-