## **Trustees’ Annual Report for the period**
## **From 1/1/2024 Period start date To 31/12/2024 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 minimize
teacher-to-pupil ratio, enhance focused
learning, children participation and
teachers’ general assessment on lessons
taught. Meetings are often held with
guardians regarding the children’s
progress. Porridge is provided every day at
break time as the children are from
extremely poor backgrounds, this may be
their only meal.
In their last year (Standard 8) children
board at MOET school to focus on their
studies. A boarding house was built to|
1
|||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 fishponds to help diet and sell locally.
HIV/AIDS (EDZI TOTO program) and
Malaria awareness programmes covering
all aspects including diet and health.
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.**|
2
## **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 2024 FOMOE raised £57,832 (£53,253
in 2023) 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.
MOET carries on with its academic
success. Out of all the 365 Primary School
pupils, 216 passed; a pass rate of 87%,
which marks an improvement from last
year when the pass rate was 75%.
In 2024, 30 pupils in standard 8 took the
Primary School Leaving Certificate
Examinations; 22 girls and eight boys, and
all of them passed the exam. Out of those
30, 19 students got selected to various
secondary schools representing 63% of the
total students.
This year FOMOE was able to find sponsors
for 11 former MOET pupils to go into Tertiary
education, and 35 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.|
3
## **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 £58,080 and total
expenses were £53,602. Therefore, the
total balance on reserves increased from
£22,539 in 2023 to £27,017 in 2024.|
|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 £9,684.|
|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.|
**Additional information (optional)**
4
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|||
5
## **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|
6
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**|
|---|---|---|---|---|
||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 to 15/12/2021||
||America Bernal|Marketing|From 21/06/2023||
||||||
||||||
||||||
||||||
||||||
||||||
– 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**
7
## **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**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**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**
8
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Maria Jose Dieguez Rodriguez||
||
Chair and financial trustee||
||30thOctober 2025||
||30thOctober 2025||
9
## **Friends of Mangochi Orphans Education**
**Annual Report and** Financial Statements **Year Ended** 31 December 2024 Charity registration number: 1137984
1
## **Friends of Mangochi Orphans Education**
## Contents of the Financial Statements
For the Year Ended 31 December 2024
|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|
2
## **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 2024.
## **Trustees**
James Brittain
Maria Dieguez Johannes Lau Amy Warner America Bernal
## **Principal Office**
63 Spirit Quay E1W 2UT London
## **Charity Registration Number**
1137984
## **Independent Examiner**
D C Besser ACA
3
## **Friends of Mangochi Orphans Education**
## Trustees' Report
## **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 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 orphaned 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 to minimize teacher-to-pupil ratio, enhance focused learning, child participation and teachers’ general assessment on lessons taught. Meetings are often held with guardians regarding the children’s progress. Porridge is provided every day at break time as the children are from extremely poor backgrounds, this may be their only meal.
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 2024, FOMOE raised £57,832 (2023: £53,253) 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 a monthly or annual basis.
## At MOET school
MOET carries on with its academic success. Out of all the 365 Primary School pupils, 216 passed; a pass rate of 87%, which marks an improvement from last year when the pass rate was 75%. In addition, MOET continues to achieve excellent selection rates to allow its pupils to continue to secondary school. FOMOE found sponsors for 35 former MOET students to go to secondary education and 11 to go into tertiary education.
MOET continues to be one of the educational institutions with the highest number of pupils that get selected to secondary schools in the district. In 2024, 30 pupils of MOET Primary School; 22 girls and eight boys, took the Primary School Leaving Certificate Examinations and all of them passed the exam. Out of those 30, 19 students got selected to various secondary schools representing 63% of the total students.
MOET anticipate even better results next year as preparations have already started.
4
## **Friends of Mangochi Orphans Education**
## Trustees' Report (continued)
## **Vocational skills program**
Aside from formal education, MOET embarks on extra-curricular activities that were introduced to provide skills on how pupils can earn money and sustain their livelihood once they had finished school. The MOET Vocational and Skills Training Department continued to empower students with practical skills in computer operations, carpentry, welding, tailoring, cookery, and arts.
The Arts and Craft Club, introduced recently, has shown remarkable growth — especially among female students. Members have advanced in drawing, weaving, and carving, with some of their artwork being sold locally to generate income. This programme not only nurtures creativity but also provides pupils with valuable livelihood skills for the future.
## **Permaculture program**
MOET continued to strengthen its commitment to environmental sustainability and climate resilience through permaculture education.
- **Nkope CDSS Visit:** Students and teachers from Nkope Community Day Secondary School visited MOET to learn how permaculture can be applied in daily life to address climate change challenges.
- **Monkey Bay Zone Visit:** Headteachers from 13 schools within the Monkey Bay Education Zone visited MOET to learn from its successful permaculture model. They were impressed by the transformation of the campus from barren land in 1999 to a thriving green forest today.
- **Lizimba Nursery School Training:** Members of the Lizimba Nursery School Management Committee participated in permaculture training focused on sustainable land and forest management. The group appreciated the importance of growing fruits and vegetables to improve food security and nutrition within their communities.
These initiatives continue to position MOET as a model for sustainable education and environmental care in the region.
## **Volunteering program**
MOET hosted a two-week visit from a team of La Fosse Associates Limited (La Fosse) employees in May. The group engaged directly with pupils through classroom teaching, library organization, and recreational activities. They distributed essential learning materials, clothing, and other resources to support students from disadvantaged backgrounds.
In addition to their academic involvement, La Fosse team led a tree-planting exercise to promote environmental conservation and organized a variety of sporting activities. The visit concluded with a farewell and cultural exchange event, which strengthened the bond between the group and the MOET community. Their contribution significantly enhanced both morale and learning outcomes during their stay.
## **Kitchen renovation**
During 2024, MOET main kitchen underwent a major renovation following requests from the kitchen staff for improved working conditions. The upgrade has provided proper ventilation, running water, additional sinks, and storage facilities, while also expanding the feeding area to accommodate more pupils. The new structure has greatly improved hygiene standards and working comfort. Both staff and pupils expressed appreciation to FOMOE for making this project possible.
5
## **Friends of Mangochi Orphans Education**
## Trustees' Report (continued)
## **Shipment from the UK**
In October, MOET received a shipment of assorted items from several UK donors, including books, clothes, bicycles, and other educational materials. These donations play a vital role in supporting orphans and vulnerable children, particularly during festive periods when many families struggle to meet basic needs.
## **Educational Visits**
At the end of the school year, MOET organized an educational trip to Cape Maclear and the Lake Malawi National Park — a UNESCO World Heritage Site. Pupils learned about biodiversity, conservation, and the cultural significance of the area. Visits to historical sites such as Mwala wa Mphini and the Missionaries’ Graveyard enriched their understanding of Malawi’s natural and historical heritage. The trip provided valuable hands-on learning and inspired greater environmental awareness among students.
## **Staff Review and Institutional Planning**
As part of MOET’s commitment to continuous improvement, staff and management held an end-of-year review and planning meeting in July 2024. The session focused on assessing progress, identifying challenges, and setting new goals for the coming year.
Previous reviews led to the recruitment of additional qualified teachers, a decision that has already contributed to improved academic performance. The 2024 meeting reaffirmed MOET’s belief in locally driven solutions and staff-led strategic planning as key to the institution’s long-term success.
## **Looking Ahead**
MOET remains steadfast in its mission to provide quality education and holistic support for orphans and vulnerable children. Through a combination of academic instruction, vocational training, environmental awareness, and community engagement, MOET continues to equip young people with the knowledge, skills, and values necessary for self-reliance and responsible citizenship.
With continued support from partners such as FOMOE and La Fosse, the organization is confident of sustaining its impact and expanding opportunities for children and families in Mangochi and beyond.
## **Financial Review**
In 2024, total incoming resources were £58,080 (2023: £53,355), derived from donations and interest income. Total expenditure for 2024 was £53,602 (2023: £56,578). Therefore, the total balance on reserves increased from £22,539 in 2023 to £27,017 in 2024.
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 2024, restricted reserves were £26,208 (31 December 2023: £23,471). The amount held in restricted reserves in relation to construction of the secondary school amounted to £16,524 as at 31 December 2024 (2023: £16,524). The amount held in restricted reserves in relation to sponsorship of secondary and tertiary education was £9,684 (2023: £6,947) as at 31 December 2024. As at 31 December 2024, unrestricted reserves were £809 (31 December 2023: negative £932).
6
## **Friends of Mangochi Orphans Education**
## Trustees' Report (continued)
## **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.
## **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 2025 and signed on its behalf by:
.........................................
Ms Maria J. Dieguez Rodriguez Trustee
7
## **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 2024.
## **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
16 Collison Avenue Arkley Herts EN5 3DD
Date: 30[th] October 2025
8
## **Friends of Mangochi Orphans Education**
## **Statement of Financial Activities**
## Year Ended 31 December 2024
|**Note**||**Unrestricted**||**Restricted**
**Total**
**Funds**
**2024**
**£**
**£**
20,689
57,832
-
248
(17,952)
(53,602)
(17,952)
(53,602)
2,737
4,478
-
-
2,737
4,478
23,471
22,539
26,208
27,017
**Restricted**
**Total**
**Funds**
**2023**
**£**
**£**|
|---|---|---|---|---|
|||**Funds**|||
|||**£**|||
|**Income and Endowments**
**from**:|||||
|Donations and legacies
2||37,143|||
|Interest income||248|||
|**Expenditure on;**|||||
|Charitable activities
3||(35,650)|||
|Total Expenditure||(35,650)|||
|Net income||1,741|||
|Gross transfers between funds||-|||
|Net movement in funds||1,741|||
|**Reconciliation of funds**|||||
|Total funds brought forward||(932)|||
|Total funds carried forward
7||809|||
|**Note**||**Unrestricted**
**Funds**
**£**|||
|**Income and Endowments**
**from**:|||||
||||||
||||||
|Donations and legacies
2||
30,339||22,914
53,253|
|Interest income||102||-
102|
|**Expenditure on;**|||||
|Charitable activities
3||
(35,560)||(21,018)
(56,578)|
|Total Expenditure||(35,560)||(21,018)
(56,578)|
|Net (expenditure)/income||(5,119)||1,896
(3,223)|
|Gross transfers between funds||-||-
-|
|Net movement in funds||(5,119)||1,896
(3,223)|
|**Reconciliation of funds**|||||
|Total funds brought forward||4,187||21,575
25,762|
|Total funds carried forward
7||
(932)||23,471
22,539|
All of the charity's activities derive from continuing operations during the above two years.
The notes form part of these financial statements.
9
## **Friends of Mangochi Orphans Education**
## **Balance Sheet** 31 December 2024
|**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|**2024**
**£**
8,486
18,531
27,017
-
27,017
26,208
809
22,539|**2023**
**£**
1,470
21,069|
|---|---|---|
|||22,539
-|
|||22,539|
|||23,471
(932)|
|||22,539|
The notes form part of these financial statements.
The financial statements were approved by the trustees, and authorised for issue on 30[th] October 2025 and signed on their behalf by:
.........................................
Ms Maria J Dieguez Rodriguez Trustee
10
## **Friends of Mangochi Orphans Education**
## Notes to the Financial Statements
## Year Ended 31 December 2024
## **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.
11
## **Friends of Mangochi Orphans Education**
## Notes to the Financial Statements
## Year Ended 31 December 2024
## _**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.
## **Judgements and key sources of estimate uncertainty**
No key judgments, estimates or assumptions have been identified.
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## **Friends of Mangochi Orphans Education**
## Notes to the Financial Statements
## Year Ended 31 December 2024
## **2 Income from donations and legacies**
||||**General**||**Restricted**||||**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|---|---|
||||||**funds**||||**2024**|**2023**|
||||**£**||**£**||||**£**|**£**|
||Donations and legacies;||||||||||
||||||||||||
||||||||||||
||Donations from
individuals||37,143||20,689||||57,832|53,253|
||||||||||||
||||||||||||
||||37,143||20,689||||57,832|53,253|
||**3**
**Expenditure on charitable activities**||||||||||
||Grants
Governance costs||**Grant funding**
**of activity**
**£**
53,576
26
53,602||**Total**
**2024**
**£**
53,576
26
53,602||||**Total**
**2023**
**£**
56,558
20
56,578||
||||||||||||
In 2024, £35,624 (2023 - £35,540) of the above expenditure was attributable to unrestricted funds and £17,952 (2023 - £21,018) 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 £26 bank fees (2023: £20), £Nil consultancy fees (2023: £Nil) and £Nil Independent examiner’s fee (2023: £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.
No other disclosable related party transactions took place in the year.
## **5 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
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## **Friends of Mangochi Orphans Education**
## Notes to the Financial Statements
## Year Ended 31 December 2024
## **6 Debtors**
||**2024**|**2024**|
|---|---|---|
||**£**|**£**|
|Other debtors|8,486|1,470|
## **7 Funds**
|**Balance**
**at**
**1 January**
**2024**
**£**|**Balance**
**at**
**1 January**
**2024**
**£**|**Balance**
**at**
**1 January**
**2024**
**£**|||||||**Balance at**|
|---|---|---|---|---|---|---|---|---|---|
||||**Incoming**||**Resources**||||**31 December**|
||||**resources**||**expended**||**Transfers**||**2024**|
||||**£**||**£**||**£**||**£**|
|**Unrestricted funds**||||||||||
|General|932
(23,471)
(22,539)||(37,391)
(20,689)
(58,080)||35,650
17,952
,
53,602||-
-
-||(809)
(26,208)|
|**Restricted funds**||||||||||
|**Total funds**|||||||||(27,017)|
## **8 Analysis of net assets between funds**
## **As at 31 December 2024**
||**Unrestricted**||**Restricted**|||
|---|---|---|---|---|---|
||**general funds**||**funds**||**Total funds**|
||**£**||**£**||**£**|
|Current assets|809||26,208||27,017|
|Current liabilities|-||-||-|
|Total net assets|809||26,208||27,017|
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