2020-12-31-accounts - Friends Of Mangochi Orphans Education

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1/1/2020 Period start date To 31/12/2020 Period end date

Charity name: Friends of Mangochi Orphans Education (FOMOE)

Charity registration number: 1137984

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education, relieve poverty and sickness and enhance the preservation and protection of good health of vulnerable and orphaned children in Malawi; in particular by helping to fund a school known as Mangochi Orphans Education and Training.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	FOMOE’s focus continues to be raising funds for MOET school – a primary school for orphan children supporting the communities in the Mangochi district in Malawi. FOMOE finds sponsors for MOET students with the necessary grades to attend secondary school and seeks funding for exceptional pupils to go into tertiary education. At MOET, class sizes are small to enable focused pastoral care and meetings are often held with guardians regarding the children’s progress. A meal is provided every day at break time as the children are from extremely poor backgrounds, this may be their only meal. Lunch is provided once a week, when clubs and activities are held in the afternoon. In their last year (Standard 8) children board at MOET school to focus on their studies. A boarding house was built to accommodate them with the support of FOMOE. The school also strives to anticipate hunger problems by building food reserves and will provide extra meals to children during famine crises. During dire famine it also helps in local communities with food aid.

		Life skills – eg computer studies, cooking, carpentry, tinsmith, tailoring, sewing and building to encourage self-reliance when they leave school especially for those not going to secondary school. Sustainable organic, permaculture, tree planting and medicinal gardening to promote food self-sufficiency, improve diet and use of medicinal plants. In season produce from garden and kitchen sold locally and at a roadside stall. ANAMED – Action for Natural Medicine – using plants for natural medicines. Irrigation project to extend crop seasons and fish ponds to help diet and sell locally. HIV/AIDS (EDZI TOTO program) and Malaria awareness programmes covering all aspects including diet and health. Human rights and conflict management programmes. Sports promoting team activities – football, netball and basketball with matches against other schools. Village outreach project – trained staff from MOET school work with local village committees and schools to promote sustainable organic and permaculture techniques to grow food, shelter and medicinal plants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All trustees have read the guidance issued by the Charities Commission on Public Benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In 2020 FOMOE raised £48,173 (£62,977 in 2019) with the help of many people young and old undertaking a huge variety of fundraising activities. As always, we are very grateful to those generous enough to give via recurring payments, whether on annual or monthly basis. This was a difficult year financially with the weakened foreign exchange rate resulting in reduced buying power. MOET school continues to achieve excellent selection rates to allow its pupils to continue to secondary school. This year MOET was able to find sponsors for five former MOET pupils to go into Tertiary education, and 45 to secondary school. Part of MOET’s education programme provides pupils with vocational skills, should they not continue their studies at secondary school. Tailoring, welding, computer, and cooking workshops take place in the afternoon once academic classes have finished. FOMOE has provided the tailoring and welding centres with additional capital so they will be able to generate income through the sales of door and window frames and school uniforms. Tuberculosis has the third highest death rate behind Malaria and HIV /AIDS in Malawi. Prevention, cure and support initiatives of the three diseases are made with support from The Global Fund. The National TB Prevention Network (TB) visited MOET to ensure their awareness of the disease and to encourage vigilance in setting up preventive measures through awareness talks and referring suspected patients to hospitals. TB also requested MOET to mainstream preventive activities in its various programs such as education and interaction with community members when implementing outreach projects. The overall goal of the initiative is to protect children from the disease. As part of the MOET permaculture program, pupils went on a field trip to Tropex Plant, a company that grows flowers, agro-forestry trees and shelter trees for sale to the nearby community, to learn how to grow plants and flowers, and how to take care of them.

----- Start of picture text -----
|||||| |---|---|---|---|---| |Vocational skills training is part of MOET’s| |education. The goal is to help children| |become economically self-reliant in the| |future. With an increased number of pupils| |becoming interested in sewing, MOET| |bought four additional sewing machines.| |MOET’s classroom blocks were constructed| |in 2001 and have not been renovated for 18| |years. The timber parts had almost| |completely been eaten by termites, making| |the iron sheets lose contact with the roofing| |timbers, which was posing a risk to the| |children. MOET undertook renovations on| |the roofs as well as repainting the walls of| |the girls’ dormitory, skirting the toilet walls,| |mending|the|classroom|floors|and| |repainting the blackboards.| |The culture of the Christmas and New Year| |season in Malawi sees those cerebrating| |being dressed formally and in new clothing| |as well as ensuring that they have good food| |and a high level of enjoyment. To preserve| |this cultural tradition, MOET provided| |second-hand clothes to the most vulnerable| |orphans.| |The Malawian Government closed schools| |as of 23rd March in an attempt to combat| |Covid–19 transmissions. The spread of| |Coronavirus has not only impacted the| |health of the Malawi’s population but has| |also adversely impacted the country’s| |education sector and MOET’s volunteering| |programme. Thomas Wilson, a volunteer| |from Germany who came to teach at MOET| |Primary School in August 2019, had to go| |back to his country as a consequence of the| |pandemic.| |MOET implemented a school feeding| |program aimed at boosting the health of| |orphans and vulnerable children as well as| |encouraging them to remain at school.| |Closing the school meant they would not be| |able to access this food. However, MOET| |decided to continue the program by| |providing foodstuffs to the parents and| |guardians of the children so that they could| |consume food at home.| |As part of the closure, initiatives were put in| |place at MOET to implement teaching while| |pupils are at home. This remote learning| |demanded frequent visits to pupils’ homes| |to distribute assignments and stationary to| |keep pupils busy. Teachers marked pupils’| |work collected during their visit from homes|

----- End of picture text -----

as well as arranging food distribution.
Guardians were engaged to help supervise
their children, making sure that they stayed
at home and maintained physical distance
when working in a group.
MOET helped communities to adopt Covid-
19 preventive measures by distributing 30
handwashing buckets and soaps to 30
households within its catchment area in
response to the shortage of sanitation
facilities that MOET observed during its
outreach programs. To further help the
community, MOET pupils designed and
sewed face masks that were sold at a
cheaper price which also contributed to the
fundraising initiatives of MOET.
Standard 8, Form 4 and University Students
resumed their classes on 7th September
2020. Prior to the school opening day,
MOET trained staff and put all the necessary
facilities in place in order to contain the
spread of Coronavirus. One of the trainings
focused on how teachers can create safe
environments to prevent the spread of Covid
19 and teaching pupils how they can protect
themselves from the pandemic in terms of
hygiene and practicing social distancing
during their school time. After the training
MOET briefed guardians on how the school
has prepared itself to handle pupils when
they come back for classes, to assure the
safety of their pupils, as well as discussing
how they could collaborate in creating safe
spaces for their children.
MOET has always relied on rain-fed
irrigation to grow crops, but this year they
established an irrigation scheme to ensure
food security during the dry season as well,
providing food throughout the year. Crops
include tomatoes, maize and green
vegetables. Demand for the green cob,
which are sold fresh or boiled, has been
overwhelming. This year MOET has also
increased its efforts growing more tree
seedlings at its tree nursery. The money
generated helps MOET to sustain school
operations and buy materials such as
exercise books and pens. Some income has
already been made from tomato and
vegetables sales while maize and tree
seedlings are still growing.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Total income was £48,173 and total expenses were £50,801. Therefore, the total balance decreased from £28,223 in 2019 to £25,595 in 2020.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held in GBP due to the volatility of the Malawi currency. Reserves are held due to donations from sponsors being held and passed on to the school in line with the budget. Donations received specifically for children going through the school are paid over each quarter as part of the aid package sent to MOET.
Amount of reserves held	Para 1.22	Restricted reserves for the construction of the secondary school amount £16,524, and restricted reserves for secondary and tertiary education are £5,095. Unrestricted reserves are £3,976.
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There is currently no uncertainty about the charity’s ability to continue as a going concern. FOMOE functions on minimal running costs and owns no property nor has it any ongoing commitments; neither of a financial nor contractual nature. In forming this assessment, the Trustees have taken into consideration the impact that Covid-19 could have on operations. Covid-19 crisis has affected UK charities since March 2020. Fundraising tends to go to charities that develop their activities in the UK, particularly around the NHS. Therefore, charities that operate overseas have seen their fundraising decreased. FOMOE has

experienced a decrease in their monthly donations.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:		One Trust
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Simple Trust not incorporated
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Voted in by trustees at an Extraordinary meeting

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Friends of Mangochi Orphans Education
Other name the charity uses	FOMOE
Registered charity number	1137984
Charity’s principal address	63 Spirit Quay London E1W 2UT

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
T R Clarke	Chair	Till 21/07/2019
James Brittain	SecondarySchools	From 8/03/2017
Maria Dieguez	Chair/Treasurer	From 21/4/2018
Sanchia Thompson	Legal	Till 8/01/2020
Johannes Lau	Volunteers	From 8/12/2018
Grahame Wood	Treasurer	Till 21/4/2018
Grahame Wood	Trustee	From 22/4/2018 to 8/12/2018
Kate Bernard	Volunteers	Till 8/12/2018
Judith Cramp	Admin	26/8/2018 to 5/12/2018
Mr B Kelly	Marketing	Till 31/05/2018
Aimee Johanna Coelho	Marketing	Till 17/01/2020
AmyWarner	Fundraising	From 21/04/2019
Joseph Marris	Strategy	From 2/10/2019

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address	Type of adviser Name Address	Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
Full name(s) Maria Jose Dieguez Rodriguez
Position (eg Secretary,
Chair, etc) Chair and financial trustee
Date 30th October 2021
----- End of picture text -----

Friends of Mangochi Orphans Education

Annual Report and Financial Statements Year Ended 31 December 2020 Charity registration number: 1137984

Friends of Mangochi Orphans Education

Contents of the Financial Statements

For the Year Ended 31 December 2020

Trustees' Report (including Reference and Administrative Details)	3
Statement of Trustees' Responsibilities	7
Independent Examiner's Report	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11

Friends of Mangochi Orphans Education

Trustees' Report

Reference and Administrative Details

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.

Trustees

James Brittain

Maria Dieguez Johannes Lau

Amy Warner

Joseph Marris

S C Thompson (Resigned 8 January 2020)

A J Coelho (Resigned 17 January 2020)

Principal Office

63 Spirit Quay E1W 2UT London

Charity Registration Number

1137984

Independent Examiner

D C Besser ACA

Friends of Mangochi Orphans Education

Trustees' Report (continued)

Objectives and activities for the public benefit

The purpose of the charity is to advance the education, relieve poverty and sickness and enhance the preservation and protection of good health of vulnerable and orphaned children in Malawi; in particular by helping to fund a school known as Mangochi Orphans Education and Training (“MOET”), located in Mangochi, Malawi.

Public benefit

The Charities Act 2011 introduced the requirement for charities to show they provide a public benefit. The trustees have periodically reviewed the goals, services and objectives of the charity in light of this requirement. This trustees' annual report clearly evidences how the charity strives to meet that need.

Friends of Mangochi Orphans Education (“FOMOE”) continues to focus on raising funds for MOET, a primary school for orphan children supporting communities in the Mangochi district in Malawi. Additionally, FOMOE finds sponsors for MOET pupils with the necessary grades to attend secondary school and seeks funding for exceptional pupils to continue onward to tertiary education.

At MOET, class sizes are small enough to enable focused pastoral care and meetings are often held with guardians regarding the children’s progress. A meal is provided every day at break time as the children are from extremely poor backgrounds; this may be their only meal. Lunch is provided once a week, whereupon clubs and activities are held in the afternoon. In their last year (‘Standard 8’) children board at MOET school to focus on their studies. A boarding house was built to accommodate them with the support of FOMOE. The school also strives to anticipate hunger problems by building food reserves and will provide extra meals to children during famine crises. During dire famine it also helps in local communities with food aid.

The trustees thus confirm that they have complied, in full, with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance as published by the Charity Commission for England and Wales.

Achievements and performance

In 2020 FOMOE raised £48,173 (2019: £62,977) with the help of many people of all ages undertaking a variety of fundraising activities. As always, we are very grateful to those generous enough to give via recurring payments, whether on an annual or monthly basis. This was a difficult year financially with the weakened foreign exchange rate resulting in reduced buying power.

At MOET school

MOET school continues to achieve excellent selection rates to allow its pupils to continue to secondary school. This year MOET was able to find sponsors for five former MOET pupils to go into Tertiary education, and 45 to secondary school.

Part of MOET’s education programme provides pupils with vocational skills, should they not continue their studies at secondary school. Tailoring, welding, computer, and cooking workshops take place in the afternoon once academic classes have finished. FOMOE has provided the tailoring and welding centres with additional capital so that they will be able to generate income through the sales of door and window frames and school uniforms.

Friends of Mangochi Orphans Education

Trustees' Report (continued)

Tuberculosis has the third highest death rate behind Malaria and HIV /AIDS in Malawi. Prevention, cure and support initiatives of the three diseases are made with support from The Global Fund. The National TB Prevention Network (TB) visited MOET to ensure their awareness of the disease and to encourage vigilance in setting up preventive measures through awareness talks and referring suspected patients to hospitals. TB also requested MOET to mainstream preventive activities in its various programs such as education and interaction with community members when implementing outreach projects. The overall goal of the initiative is to protect children from the disease.

As part of the MOET permaculture program, pupils went on a field trip to Tropex Plant, a company that grows flowers, agro-forestry trees and shelter trees for sale to the nearby community, to learn how to grow plants and flowers, and how to take care of them.

Vocational skills training is part of MOET’s education. The goal is to help children become economically self-reliant in the future. With an increased number of pupils becoming interested in sewing, MOET bought four additional sewing machines.

MOET’s classroom blocks were constructed in 2001 and have not been renovated for 18 years. The timber parts had almost completely been eaten by termites, making the iron sheets lose contact with the roofing timbers, which was posing a risk to the children. MOET undertook renovations on the roofs as well as repainting the walls of the girls’ dormitory, skirting the toilet walls, mending the classroom floors and repainting the blackboards.

The culture of the Christmas and New Year season in Malawi sees those cerebrating being dressed formally and in new clothing as well as ensuring that they have good food and a high level of enjoyment. To preserve this cultural tradition, MOET provided second-hand clothes to the most vulnerable orphans.

The Malawian Government closed schools as of 23rd March in an attempt to combat Covid-19 transmissions. The spread of Coronavirus has not only impacted the health of the Malawi’s population but has also adversely impacted the country’s education sector and MOET’s volunteering programme. Thomas Wilson, a volunteer from Germany who came to teach at MOET Primary School in August 2019, had to go back to his country as a consequence of the pandemic.

MOET implemented a school feeding program aimed at boosting the health of orphans and vulnerable children as well as encouraging them to remain at school. Closing the school meant they would not be able to access this food. However, MOET decided to continue the program by providing foodstuffs to the parents and guardians of the children so that they could consume food at home.

As part of the closure, initiatives were put in place at MOET to implement teaching while pupils are at home. This remote learning demanded frequent visits to pupils’ homes to distribute assignments and stationary to keep pupils busy. Teachers marked pupils’ work collected during their visit from homes as well as arranging food distribution. Guardians were engaged to help supervise their children, making sure that they stayed at home and maintained physical distance when working in a group.

MOET helped communities to adopt Covid–19 preventive measures by distributing 30 handwashing buckets and soaps to 30 households within its catchment area in response to the shortage of sanitation facilities that MOET observed during its outreach programs. To further help the community, MOET pupils designed and sewed face masks that were sold at a cheaper price which also contributed to the fundraising initiatives of MOET.

Friends of Mangochi Orphans Education

Trustees' Report (continued)

Standard 8, Form 4 and University Students resumed their classes on 7[th] September 2020. Prior to the school opening day, MOET trained staff and put all the necessary facilities in place in order to contain the spread of Coronavirus. One of the trainings focused on how teachers can create safe environments to prevent the spread of Covid-19 and teaching pupils how they can protect themselves from the pandemic in terms of hygiene and practicing social distancing during their school time. After the training MOET briefed guardians on how the school has prepared itself to handle pupils when they come back for classes, to assure the safety of their pupils, as well as discussing how they could collaborate in creating safe spaces for their children.

MOET has always relied on rain-fed irrigation to grow crops, but this year they established an irrigation scheme to ensure food security during the dry season as well, providing food throughout the year. Crops include tomatoes, maize and green vegetables. Demand for the green cob, which are sold fresh or boiled, has been overwhelming. This year MOET has also increased its efforts growing more tree seedlings at its tree nursery. The money generated helps MOET to sustain school operations and buy materials such as exercise books and pens. Some income has already been made from tomato and vegetables sales while maize and tree seedlings are still growing.

Financial Review

In 2020, total incoming resources were £48,173 (2019: £62,977), derived from donations. Total expenditure for 2020 was £50,801 (2019: £62,507). Therefore, the total balance on reserves decreased from £28,223 in 2019 to £25,595 in 2020.

Reserves are held in pounds sterling due to the volatility of the Malawi currency. Reserves are held due to donations from sponsors being held and passed on to the school in line with the budget. Donations received specifically for children going through the school are paid over each quarter as part of the aid package sent to MOET.

As at 31 December 2020, restricted reserves are £21,619 (31 December 2019: £17,241). The amount held in restricted reserves in relation to construction of the secondary school amounted to £16,524 as at 31 December 2020 (2019: £16,524). The amount held in restricted reserves in relation to sponsorship of secondary and tertiary education was £5,095 (2019: £717) as at 31 December 2020. As at 31 December 2020, unrestricted reserves are £3,976 (31 December 2019: £10,982).

Going concern

There is currently no uncertainty about the charity’s ability to continue as a going concern. FOMOE functions on minimal running costs and owns no property nor has it any ongoing commitments; neither of a financial nor contractual nature. In forming this assessment, the Trustees have taken into consideration the impact that Covid-19 could have on operations.

Covid-19

The crisis has affected UK charities since March 2020. Fundraising tends to go to charities that develop their activities in the UK, particularly around the NHS. Therefore, charities that operate overseas have seen their fundraising decreased. FOMOE has experienced a decrease in monthly donations.

Friends of Mangochi Orphans Education

Trustees' Report (continued)

Structure, Governance and management

The Friends of Mangochi Orphans Education is a charity established and governed by a Trust Deed dated 23 May 2010. It registered with the Charity Commission on 14 September 2010. The charity is an unincorporated charity whose business is conducted and managed by its committee of trustees. New trustees are voted in by way of members’ vote.

Statement of Trustees' Responsibilities

The charity trustees are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 30[th] October 2021 and signed on its behalf by:

.........................................

Ms Maria J. Dieguez Rodriguez Trustee

Friends of Mangochi Orphans Education

Independent Examiner's Report to the trustees of Friends of Mangochi Orphans Education

I report to the trustees on my examination of the accounts of the Friends of Mangochi Orphans Education for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

1 accounting records were not kept in respect of the Trust as required by section 130 of the Act;
2 the accounts do not accord with the accounting records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

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 accounts to be reached.

D C Besser ACA

Mayfield Court London Road Hertfordshire WD23 2NN

Date: 31[st] October 2021

Friends of Mangochi Orphans Education

Statement of Financial Activities

Year Ended 31 December 2020

Note	Unrestricted	Restricted	Total 2020 £ 48,173 (50,801) (50,801) (2,628) - (2,628) 28,223 25,595 Total 2019 £ 62,977 (62,507)
	Funds	Funds
	£	£
Income and Endowments from:
Donations and legacies 2	31,750	16,423
Expenditure on;
Charitable activities 3	(38,756)	(12,045)
Total Expenditure	(38,756)	(12,045)
Net (expenditure)/income	(7,006)	4,378
Gross transfers between funds	-	-
Net movement in funds	(7,006)	4,378
Reconciliation of funds
Total funds brought forward	10,982	17,241
Total funds carried forward 7	3,976	21,619
Note Income and Endowments from: Donations and legacies 2 Expenditure on; Charitable activities 3 Total Expenditure Net (expenditure)/income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 7	Unrestricted Funds £ 36,989 (42,154) (42,154) (5,165) (10,325) (15,490) 26,472 10,982	Restricted Funds £ 25,988 (20,353) (20,353) 5,635 10,325 15,960 1,281 17,241
			(62,507)
			470 -
			470 27,753
			28,223

All of the charity's activities derive from continuing operations during the above two years.

The notes form part of these financial statements.

Friends of Mangochi Orphans Education

Balance Sheet 31 December 2020

Note Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year Net assets Funds of the charity: Restricted funds Unrestricted income funds Unrestricted funds Total funds 7	2020 £ 5,452 20.143 25,595 - 25,595 21,619 3,976 25,595	2019 £ 10,513 17,710
		28,223 -
		28,223
		17,241 10,982
		28,223

The notes form part of these financial statements.

The financial statements were approved by the trustees, and authorised for issue on 30[th] October 2021 and signed on their behalf by:

.........................................

Ms Maria J Dieguez Rodriguez Trustee

Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2020

1 Accounting policies

Statement of compliance

The financial statements of the charity, which is a public benefit under FRS 102, have been prepared under the historical cost convention 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) (issued October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Friends of Mangochi Orphans Education meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2020

Grant expenditure

Grants payable are payments to third parties in the furtherance of the charitable objectives of the charity.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

The charity holds the following financial instruments:

Short-term other debtors and creditors;
Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The charity has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the charity’s obligations are discharged, expire or are cancelled. Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2020

2 Income from donations and legacies

	General	Restricted	Total	Total
		funds	2020	2019
	£	£	£	£
Donations and legacies;


Donations from individuals	31,750	16,423	48,173	62,977


	31,750	16,423	48,173	62,977
3 Expenditure on charitable activities
Grants Governance costs	Grant funding of activity £ 50,781 20 50,801	Total 2020 £ 50,781 20 50,801	Total 2019 £ 62,476 31 62,507

In 2020, £38,756 (2019 - £42,154) of the above expenditure was attributable to unrestricted funds and £12,045 (2019 - £20,353) to restricted funds.

All grants payable are made to the school in Mangochi to support children through primary, secondary

and tertiary education.

Contained within Governance costs are £20 bank fees (2019: £31), £Nil consultancy fees (2019: £Nil) and £Nil Independent examiner’s fee (2019: £Nil).

4 Trustees’ remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

5 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Friends of Mangochi Orphans Education

Notes to the Financial Statements

Year Ended 31 December 2020

6 Debtors

	2020	2019
	£	£
Other debtors	5,452	10,513

7 Funds

Balance at 1 January 2020 £	Balance at 1 January 2020 £				Balance at
		Incoming	Resources		31 December
		resources	expended	Transfers	2020
		£	£	£	£
Unrestricted funds
General	(10,982) (17,241) (28,223)	(31,750) (16,423) (48,173)	38,756 12,045 , 50,801	- - -	(3,976) (21,619)
Restricted funds
Total funds					(25,595)

8 Analysis of net assets between funds

As at 31 December 2020

As at 31 December 2020
	Unrestricted	Restricted
	general funds	funds	Total funds
	£	£	£
Current assets	3,976	21,619	25,595
Current liabilities	-	-	-
Total net assets	3,976	21,619	25,595