Hope4Malawi
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Charity Registration Number: 1151124

Hope4Malawi
FOR THE YEAR ENDED 31 DECEMBER 2024
Contents
Page
Reference and administrative infomiation
Trustees. report
Independent examiner's report
Statement of financial activits'es
Balance sheet
Notes to the financial statements
10
12-20

Hope4Malawi
Reference and Administrative Information
Trustees
Mark Goodman
Richard Guilbert (retired April 2024)
Martin Wainwright (retired June 2024)
Wendy Wainwright (retired June 2024)
Alunda Young (appointed on 23 November 2024)
Derrick Jones (appointed on 23 November 2024)
Sherry Sprunt (appointed on 23 November 2024)
Christina Guilbert
Pauline Rashbrook
Gerald Rashbrook
Sara Goodman
Charity registered number
1151124
Registered office
26 Northey Avenue
Cheam
Sutton
SM2 7HR
Key management personnel Sara Goodman
Mark Goodman
Charis Miles
Independent Examiner
MrArthur Mepryn Wolffsohn,
32 Shirley Avenue, Cheam,
Sutton, Surrey
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Page 1

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
The Trustees present the Trustees, Annual Report for the year ended 31 December 2024. This report
has been prepared in accordan￿ with Hope4Malawi's Constitution, the Charities Act 2011, the
Charities Statement of Recommended Practi￿ (Charities SORP (FRS 102)) and Financial Reporting
Standard 102 (FRS 102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Hope4Malawi is a Charitable Incorporated Organisation. It is govemed by its Constitution.
Recruitment and appointment of Trustees
On an annual basis. the board of trustees reviews the skill sets of the trustees to identity if further
trustees should be recruited. Recruitment is based upon seeking people with:
a passion for the work of the charity.
the requisite skill sets being sought, and
preferably experienTr of rural Malawi.
Trustees are inducted and trained using materials from other trustees and the Charity Commission.
Organisational Structure
Trustees make major decisions at trustees, meetings where the strategy and values of the
organisation are agreed and where annual budgets, and grants are agreed. A small finan￿ sub-
committee handles day to day finance operations and payments.
Trustees delegate day-to-day management of the charity to Sara and Mark Goodman. They work
with the charity's employee and various volunteers to cary out the day-to-day operations of the
charity. Some of the volunteers are also trustees.
The charity only has one paid member of personnel appointed in 2025. Their pay was set by seeking
to benchmark the role against equivalent roles and taking into account the level of skill and experience
the successful employee had.
Risk management
The Trustees believe they are aware of the major risks to which the charity is exposed and that
controls are in place to mitigate them. A Risk Register is in use and the Trustees aim for robust
management oversight. The Trustees consider the principal risks and Un￿rtaIntieS facing the charity,
and the plans and strategies for managing these risks. to be:
Risk- A statement of what could
o wron
High levels of inflation and devaluations makes
it harder for poor Malawians to escape the
poverty trap. and increases cost of imported
oods.
Difficulties in partners finding staff who can
deliver quality education
ste
s To Miti
ate or Minimise Risk
Managed timing of cash flows carefully
Train pupils to manage finances well.
Support partners in person in Malawi.
Train partners. staff well
Hire local ex
ertise as re
uired
Increase community engagement and support
and use local role models to hel
Monitor income and costs carefully. Only start
building projects once funds have been
received.
Seek donations to cover our general running
costs ancl develop a regular support base.
Trustees and s
ecific donors fund UK costs of
Communities may not wish to invest in their
children's education
Financial resources inadequate
Page 2

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
Risk- A statement of what could
o wron
Ste
s To Miti
ate or Minimise Risk
the charity in the UK, other donors monies go to
su
ort the work in Malawi.
Regular communications to supporters.
Seek monies from trusts as well.
Income reduces
OBJECTIVE AND ACTIVITIES
Hope4Malawi's overall aim is the relief of poverty. Our main strategy to achieve this is to educate the
next generation so that they can become economically independent. Education encompasses
government primary schools, secondary schools, universities and colleges. We also recognise how
broken relationships within communities and nations contribute to poverty as do moral failures (e.g.
lack of integrity and accountability and power abuse.) Therefore. we also provide education in
Christian faith and Gharacterat our Skills Centre. Our programmes are available to people of all faiths.
Hope4Malawi is working to improve educational outcomes for:
primary school students at Chimwembe FP, Chipwepwete FP. Mpemba LEA, Mafunde LEA, and
Tapani FP,
secondary school students at Hope CDSS,
secondary school students selected to National & District schools and sponsored by H4D from
the aforementioned primary schools,
Hope CDSS graduates attending courses at Hope Skills Centre. Jana village, and
university and college students sponsored by H4D.
This educational work takes pla￿ in specific areas and schools located in Traditional Authority
Somba to the south of Blantrye. Using the Malawian govemment framework for the social economic
development in Malawi, our work is particularly in the areas of: Human Capital Development-
Education and Skills Development
Improved access to education
Adequate and appropriate infrastructure for all leamers and teachers
Improved literacy
Improved quality of education
Measures used to monitor progress
The following measures are monitored regularly. the measures are included from 2021.
Number of primary school children fed each school day
School children fed each school day
?000
1500
iooo
500
Hope CDSS m Mpemba LEA • Chipwepii'ete FP
We have seen a reduction in attendance at the two primary schools.
Number of Classrooms or Libraries or toilets constructed
Page 3

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
Buildings constructed in schools
10
2021
2022
2023
2024
20?5
Primary w Secondary
2025 data is the buildings under construction at Hope CDSS. Buildings are only started once
funding is in place.
Number of bursary students: National & District, Hope CDSS, Tertiary
Students provided with bursaries
150
50
?022
7024
2025
Priman, • Secondar%" _ National & District ll SecondaTh". HO￿ CDSS •TertiaTh"
Number of school roles funded (e.g. guards, messengers, librarians, lab technicians)
Roles in school funded
10
2021
20?2
20?3
20?5
Primary Schools
• Secondary Schools
Number of school leavers funded to attend Youth Development Programme
Page 4

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
School leavers funded on Youth Development
Programme
40
20
Pilot cohort
First cohort
second cohort
2023 L 2024 • 2025
2025 data is the planned number of students. The course will start in September 2025.
Principal Funding Sources
The main source of income for the charity are individuals and trusts.
ACHIEVEMENTS AND PERFORMANCE
Completion of a double classroom block and staff room at Chipwepwete Primary School
(£34.000). Now all classes have 2 proper classroom and staff have their first staff room.
Completion of the teaching block at the Skills Centre (£68.150) incorporating training room,
computer room. bike maintenance and tsiloring rooms.
Start of the Youth Development programme for 25 secondary school graduates (£5,500). They
are engaged in active leaming of faith, character. business and life skills. They are undertaking
work placement courses in areas like: tailoring, building. welding. building, bike maintenance,
literacy.
Fed over 2,000 school students each school day (£28,500)
90 bursaries provided to secondary school and tertiary education establishments (£23.145).
Educational resources provided to primary and secondary schools (£9.650).
Public benefit
The Trustees believe they have complied with the duty in section 17 of the Charities Act 2011 to have
due regard to the public benefit guidance published by the Charity Commission.
All the activities of the Charity (as summarised below) were undertaken to further its charitable
purposes for public benefit. We are primarily working to prevent and relieve povety by training the
next generation of young people.
Education in primary schools:
Infrastructure: Provision of classroom blocks and school desks
Provision of a librarian and literacy classes, educational reSoUr￿S (text books, chalk, flipcharts
for the school, A5 soft cover exercise books, pens for students).
Provision of pha12 (sweet cornmeal porridge) for the school every school morning.
Education in secondary schools.- Hope Community Day Secondary School
Provision of a laboratory technician and chemicals, and three school guards,
Provision of school uniform for all students. educational reSoUr￿S (text books. ch21k. flipcharts.
for the school. A4 soft cover exercise books. pens for students).
Provision of full and half bursaries for 15 students a year who are from poor families.
Provision of phala for lunch every school day.
Additionally, we provide bursaries for secondary school students from poor families who are
selected to National & District secondary schools. The bursary covers school fees and
transportation, uniform and a small allowance.
Page 5

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
Education in tertiary education:
We provide universityltechnical college bursaries for some of the students we have sponsored at
secondary school. The bursary covers academic fees, a monthly living allowance and
transportation. Students can also work at the Hope Skills Centre in their holidays to earn extra
monies.
We offe￿d 30 places on the Youth Development Programme to alumni of Hope CDSS and of our
secondary school National & District bursary programme. A number of the alumni opted to re-
take form 3 and 4, whilst others moved away from the area. 25 students joined the YDP and have
been engaged in active leaming of faith, character, business and life skills. They are undertaking
work placement courses in areas like: tailoring. building, welding. building, bike maintenance.
literacy.
Other Education
Additionally, we are also providing training in house building and composting for very poor adults.
In the UK, we help UK school pupils understand the circumstances and challenges of the lives of
school pupils in rural Malawi.
Relief Work: we have helped schools repair buildings damaged in storms in 2023 and 2024.
Volunteers, contribution
We received support from volunteers. They assist in fund-raising, sponsorship communications,
accounting and IT support.
Investment pollcy
The Hope4Malawi Trust Deed authorises the Trustees to make such investments as they deem
appropriate. This Investment Policy restricts investments to any of the following:
Bank deposits at UK FSA authorised banks;
Gilts,.
CDS issued by FSA authorised institutions with a credit rating of AA or better;
Shares and securities, if the shares and securities are necessary for the achievement of the
Hope4Malawi objects, and
Land and buildings, if the land and buildings are necessary for the achievement of the
Hope4Malawi objects.
In 2024, we utilised only bank deposits and earned bank interest of £6,209 (2003: £3,327)
Grant making policy
We may make grants to Malawian organisations who are aligned with our strategy. In 2024, all of our
grants are made to Hope4Development (a Malawian company limited by guarantee, Company
number: TMBRS 1013380 and NGO Board registration No: NGOIU221025). Their strategy is aligned
with ours and two of our trustees are directors of Hope4Devlopment. and we have a memorandum of
understanding agreed with them.
Fundraising
Funds were raised in the following ways:
Various individuals made monthly payments to the charity supporting sponsored children and
the general running of the charity.
Fund raising and communication events brought in additional funds.
Grants from trusts that we approached with specific projects
Monies raised by Trinity School in their support of Chipwepwete Full Primary School.
Additionally we received some legacy income.
Page 6

Hope4Malawi
Trustees, Report for the year ended 31 December 2024
In line with the reporting requirements included in the Charities Act 2016 the Trustees are pleased to
confirm that all fundraising is done in complianGe with best fundraising praGtiGe. No complaints were
received about our fundraising praCti￿S.
Related parties
Mark & Sara Goodman are directors of Malaviian NGO Hope4Development. The interactions
between Hope4Malawi and Hope4Development is governed by a memorandum of understanding
signed in 2023.
FINANCIAL REVIEW
The Trustees are so grateful to the many supporters, churches and Trusts who continue to give
financial￿ and sacrificially to Hope4Malawi. The income received in 2024 (including a legacy of
£10,000) was in excess of £378,000, the highest for the charity yet. We remain very grateful for our
ongoing partnership wilh Trinty School in Croydon who run a number of large scale fund raising
events in the year and in 2024 released accumulated funds to us so that the classroom block could
be built at Chipwepwete. A group of students from the school visit and get involved in project work
most years. In 2024 Kings Ety School Cambridge also got involved with fundraising (partly through a
number of challenges using JustGNing) for the second phase building at Hope. Supporter vistts also
involved fundraising particularly for the equipping and launch of the new Skills Centre. All fund raising
through Just Giving raised in excess of £53,000.
Detailed figures and notes on expenditure can be seen in the following pages. Also set out below
under future plans are the details of how the accumulated funds will be used over the next two years
for the construction of new classroom blocks, toilets and a large school hall at Hope CDSS as well as
a classroom block at Mafunde.
In 2024 the charity was able to maintain its undertaking that all general donations will go directly work
and development in Malawi. Hope4Malawi funds all UK running costs through gifts specif&qlly made
to cover these costs by a small number of trUSt￿S and supporters. The costs of trustee. volunteer
supporter and team visits to Malawi are self-fvnded, mainly by matching contributions made to
the charity.
Reserves Policy
Hope4Malawi believes that funds are given to be used for lis ministry. Its reserves policy is to ensure
that there are sufficient cash resources to cover 2 months. contractual expenditure. If at the year end,
non-project specific income exceeds budgeted expectations Ft will normally be applied to specific
aspects of the wider work of Hope4Malawi. If however, estimated expenditure in the next financial
year is expected to be greater than the estimated income for that year; appropriate sums of money
will be kept in reserve to cover the estimated deficit. Additionally. it is sometimes necessary to support
more complex projects or initiatives over periods which may be longer than one year and, in these
circumstances, money may be designated for a specific purpose on the understanding that it will be
spent within an agreed time frame. Additionalty, a buffer of £5,000 is kept to apply to relief work.
At 31 December 2024 the charity had reserves of £387,648. of which £77.284 was restricted and
£310,364 was unrestricted
Future plans
We plan to continue our interventions in primary. secondary and tertiary education. In tenns of
infrastructure we will complete further building work at Hope Communty Day Secondary School so
that it can become two form entry (100 pupils per year rather than just 50). This involves the
construction of 4 classrooms. two toilet blocks and a school Hall. We also wish to construct a double
classroom and library block at Mafunde primary ￿h0O1.
Page 7

Hope4Malawl
Trustees, Report for the year ended 31 December 2024
The second year of the Youth Development Programme will start in September 2025 and we will be
introducing new courses and options for students and training Malawians to run more of the courses.
We will also be providing further secondary school bursaries and tertiary education bursaries from
September 2025.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsibte for preparing the TnJ$t￿, Report and the financial statements in
accordan￿ with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102: rhe Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom GeneralFy AC￿pted Accounting Practice).
Company law 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 charrtable company and of the income and expenditure,
of the charitable company for that period. In preparing these financial statements, the trUst￿S are
required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP-,
make judgments and accounting estimales that are reasonable and prudent".
state whether applicable UK 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 cOn￿M basis unless it is inappropriate to presume
that the charrtable company will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and enable them to
ensure that the financial statements comply with the Charities Act 2011. They are also responsible for
safeguarding the assets of the charttable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Trustees report was approved on 4 June 2025 and was signed on behalf of the TTUStees by:
Mark Goodman
Trustee
Sara Goodman
Trustee
Page 8

Independent examinevs report
Hope4Malawi
Report to the trustees
HOPE4MALAWI
On accounts for the year
ended
31$1 December 2024
Charity no
(if any)
1151124
I report to the trustees on my examination of the accounts of the above
311121202
charity (Ihe Trust.) for the year ended WIElE￿.
Responsibilities and
basis of report
As the charivs trustees. you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
{￿he Acf).
report in respect of my examination of the Twsf 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 ty the Charity Commission
under section 145{5)(b) of the Act.
Independent
examiner's statement
The charity's gross income exceeded £250,000 and l arn qualified to
undertake the examination by being a qualified member of FCCA &FCMA
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination (other than that
disclosed below ") which gives me cause to believe that in, any material
respect:
the accounting records were not kept in accordan￿ with section 130
of the Charities Act" or
the accounts did not accord with the accounting records. or
the accounts did not compty with the applicable requirements
conceming the fomi and content of accounts set out in the Charities
{Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is riot a matter
considered as part of an independent examination.
I have no concems 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.
. Please delete the words in the brackets rf they do not apply.
Signed:
Date:
Name:
ARTHUR M J V*lOLFFSOHN
Relevant professional
qualifiGation(s):
FCCA FCMA
Address:
31 S¥4."fltsEy
C sb.rf
Page 9

nxrn
(•) ￿ C*)

Hope4Malawi
Balance Sheet as at 31 December 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
35,968
366.793
44,655
180,393
402.761
225,048
Creditors.. Amounts falling due within one
year
10
15.113
9,916
Net current assets
387,648
215,132
Net assets
12
387,648
215,132
Funds
General Funds
Designated Funds
11
11
232,056
142,460
310,364
77,284
147,605
67,527
Restricted Funds
11
Total funds
387,648
215,132
The notes on pages 10 to 19 fomi part of these financial statements.
These financial statements were approved by the board of trustees and authorised for issue on 4
June 2025 and are signed on behalf of the board by:
Mark G¢)odma
Trustee
Sara Goodman
Trustee
Page11

Hope4Malawi
Notes to the Financial Statements for the year ended 31 December 2024
ACCOUNTING POLICIES
Hope4Malawi is a Charitable Incorporated Oiganisation registered as a charity in England
and Wales. The principal office is address of the registered office is 26 Northey Avenue,
Cheam. Sutton SM2 7HR.
Basis of preparation
The financial statements have been prepared under the Charities Act 2011, and in
accordan￿ WTth the Charities Statement of Recommended Practice (Charities SORP (FRS
102)). and Financial RetK)rting Standard 102 (FRS 102).
The financial statements are prepared in sterling. rounded to the nearest pound. The charity
is a Public Benefrt Entty as defined by FRS 102. Assets and liabilities are initially recognised
at htstorical cost or transaction value unless othep*Yise stated in the ielevant accounting
policy.
Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation
that the charrty has adequate resour￿ to cont'nue in operational existence for the
foreseeable future. Thus the Trustees continue to adopt the going concem basis of
accounting in preparing the financial statements.
InGome
All income is included in the Statement of Financial Activities (SOFA) when the charty is
legally entitled to the income, it is probable that the income will be received and the amount
can be reliably measured. Donations and gifts. other than legacies, are credited to the SOFA
on receipt. Legacies are credited to the SOFA in the year in which the benefactor died where
the amount receivable can be reliably determined and it is probable that it will be re￿iVed
Expenditure
All expenditu￿ is accrued as soon as a liabilty is considered probable, and has been
classified under headings that aggregate all costs related to the category.
Expenditure on charrtable activities is incurred on directly undertaking the activities which
furthet the Chanty's obJ"ectives. as well as any associated support costs.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-te￿n highly liquid investments with a short
matuiity of three months or less from the date of acquisttion or opening of the deposit or
similar account.
1.6 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising
from a past event that will probabty result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors are
recognised at their settlement amount. Provisions have been calculated at the best estimate
of the settlement amount
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequentty measured at their settlement value with the ex￿ptIon of bank loans which
are subsequently measured at amortised cost using the effective interest method.
Page 12

Hope4Malawi
Notes to the Financial Ststements for the year ended 31 December 2024
ACCOUNTING POLICIES (continued)
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the Charty and which have not been
designated for other purposes.
Restricted funds are funds whtch are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the Charty for particular purposes. The
costs of raising and administering such funds are charged against the specific fund. The aim
and use of each restricted fund is set out in the notes to the financial statements.
Accounting estimates and judgements
There were no significant estimates and judgements made by the charity.
Donations and legacies
2024
Totsl
2023
Total
Unrestricted
Restricted
tk)nations
Legacies
Sponsorship
Youth Development
Trinity income for Chipwepwete
Gift aid
232.192
10.000
232,192
10.000
35,751
18.857
49,387
25,623
134,020
10,000
31,117
3,435
9,931
43.648
35,751
18,857
49.387
25.623
267,815
103,995
371,810
232,151
Other trading activities
2024
Total
2023
Total
Unrestrictod Restricted
Feast of Music night hosted by Tim
Vine
5,347
5,347
Pa￿ 13

Hope4Malawi
Notes to the Financial Ststements for the year ended 31 December 2024
Investments
2024
Total
2023
Total
Unrestricted
Restricted
Bank interest received
6.209
6,209
3,327
6,209
6,209
3.327
Expenditure on charitsble activities
2024
Total
2023
Total
Unrestricted
Restricted
Ongoing Programmes
Sponsorship schemes
Building projects
Progrsmmes at Chipwepwete funded by
Trinity
Costs of items financed by other funds
Skills Centre & Youth Development
Programme
Longer term purchases - bikes fumiture
library lab equipment
Project Management Trustee costs
Team and supporter costs in Malawi
Support costs (note 6)
24.027
24,211
31,644
50.000
39.752
31,924
117,581
31,644
10.000
40,000
47.099
4,100
47,099
5,907
8,700
30,631
1,807
15.276
1.211
16,487
2,971
4,000
6,657
11,510
7.988
4,000
6.657
11,510
7,988
1,962
11.019
4,160
5,203
111,265
94.238
205,$03
251.903
Grants to Hope4Development
Hope4Development is a Malawian registered NGO formed in 2021. It has similar objectives to
Hope4Malawi and seeks funding for projects from Hope4Malawi. It also owns land and buildings in
Malawi and employs staff.
Mark & Sara Goodman (trustees of Hope4Malawi) are also direclors of Hope4Development, along
with two other directors. Hope4Development has its own governance structure and report and
accounts. There is a memorandum of understanding between Ihe two organisations. Hope4Malawi
is not under any obligation to fund Hope4Development projects and Hope4Malawi also funds other
organisations and projects directly. Hope4Development may seek funds from other funding
organisations.
Page 14

Hope4Malawi
Notes to the Financial Statements for the year ended 31 December 2024
Grants to Hope4Development (continued)
Hope4Malawi provided £139.250 (£163,450 2023) of grants to Hope4Development.
2024
2023
Feeding Programmes
28.500
21.010
Skills Centre Building
50,000
68.148
Chipwepwete classrooms
34.000
Equipment for primary schools
4,000
Skills Centre set up
3,500
Staffing Skills centre
7,500
2,500
Hope Solar ￿paIrS
6,250
Relief after Storm Freddy
4.000
28.500
Directors Fees H4D
1,250
Cart)on off*t- trees
250
Land purchased at Hope
5,000
Mpemba dassr￿mS
38,292
Totals
£139,250
£163.450
Support costs
2024
2023
Office expenses
Insurance
Administrator costs
Bank charges
Exchange rate lossesl(gains)
Independent examination fee
AGGountanGy fee
1,032
2,168
900
1,091
1.155
1,700
1,539
(282)
3,193
(205)
7,988
5,203
Page 15

Hope4Malawi
Notes to the Financial Statements for the year ended 31 December 2024
Staff costs
There were no staff costs in either the current or prior year. No member of staff received payments
in excess of £60.000 in the current or prior year.
Trustees. remuneration and expenses
During the year. no trustees reGeived any remuneration or other benefts (2023: £nil). No trustees
were reimbursed personal expenses in the year (2023" nil).
Debtors
2024
2023
Tax recoverable
Prepayments and other debtors
18,500
17,468
43,648
1,007
35.968
44,655
10
Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals & deferred income
920
3.250
10,943
9,916
15,113
9,916
Pa9e 16

Hope4Malawi
Notes to the Financial Statsments for the year ended 31 December 2024
Funds (continued)
Balances
brought
forward
Income Expenditure
Transfers
Balance
carried
forward
2023
Designated
Mpemba classroom block
build fund
MLP app
Hope building Phase 2
Hope resourcing
Solar lamps
UFULU (previously Project
My Girl)
Carbon offsetting
RE reSoUr￿S and Bibles
30,000
(30,000)
150
(150)
556
556
1,328
1,589
630
12.615
2,398
3,096
(11.287)
(809)
(250)
(2,216)
750
750
292
700
(408)
49.009
1,256
(42.754)
{2,366)
5,145
General
General funds
114.764
156,188
(131,826)
3,334
142,460
Total unrestricted funds
163,773
157.444
(174.580)
968
147,605
Restricted funds
Youth Development fund
Feeding programmes
Relief Fund Storm Freddy
National & District
Sponsorship
Untversity Sponsorship
Hope CDSS sponsorship
Chipwepwete - funded by
Trinity
Trinity Period Poverty fund
3.435
3.435
8.538
(8,538)
{28,628)
(11.710)
38.898
11.047
10.270
19,364
20,027
6.999
13,071
7,714
(6,719)
(13,081)
(6,700)
9.244
18,809
6,135
18.819
6,089
(968)
2,217
(1,947)
270
Total restricted funds
62,437
83,381
(77.323)
(968)
67,527
Totsl funds
226.210
240.825
(251.903)
215,132
Pago 18

Hope4Malawi
Notes to the Financial Statements for the year ended 31 December 2024
11
Funds
Balances
brought
forvrdrd
Income Expenditure
Transfers
Balance
carried
forward
2024
Designated
Hope building Phase 2
Hope resourcing
Solar lamps
UFULU (previously Project My
Girl)
Carbon offsetting
RE resources and Bibles
556
1,328
1.589
630
74,584
75,140
(1.328)
1.589
(630)
750
292
(750)
{413)
1.700
1,579
5.145
76,284
(3.121)
78,308
General
General funds
142,460
197,740
(108.144)
232,056
Total unrestricted funds
147,605
274,024
{111.265)
310,364
Restricted funds
Youth Development fund
Relief Fund Storm Freddy
National & District Sponsorship
Universty Sponsorship
Hope CDSS sponsorship
Chipwepwete - funded by
Trinity
Trinty Period Povety fund
3.435
10,269
19,364
9,244
18,810
6,135
18.857
(1.211)
(4,100)
(15,734)
(8,354)
{17,740)
(45,250)
21,081
6,169
9,498
13,779
18,064
8,103
5,868
12.889
16,994
47,218
270
2.169
(1.849)
590
Total restricted funds
67,527
103.995
(94,238)
77,284
Tot21 funds
215.132
378.019
(205.503)
387.648
Page 17

Hope4Malawi
Notes to the Financial Ststements for the year ended 31 December 2024
Funds (continued)
Sponsorship Funds
National &District - donations are used to support the named student's secondary
education. including school fees, allowan￿S. exam fees, trdnsport and books
Hope CDSS - donations restricted to support secondary educatton of named students at
Hope CDSS and also some school-wide costs including uniforms, equipping laboratory
and library. teacher in￿ntives, resourcing, lunches and additional support staff
University- donations to support named students in tertiary education including
school fees. exam fees, allowance, equipment, research projects and travel
Youth Development Programme Fund- funds used to cover couise trainers, equipment
& materials, staffing and lunches
Relief Fund Stonn Freddy {2023) funds raised from a specific appeal, used to provide
immediate relief for those affected; also training for and help with rebuilding damaged homes and
infrastructure as well as supporting initialives to safeguard against damage from futu￿ stoms
Trinity Partnership
funds raised by Trinity School, Croydon to support Chipwepwete
Primary or other agreed projects. Costs covered include providing the feeding
programme, building and maintaintng school infrastructure, like the re￿nt classrts)m block. plus
other resourcing as agreed each year. It also includes the Period Poverty programme which is
used for the education of the young people and sustainable menstrual product supply
pemba classroom block fund - funds specificalty given and used for the building of an
additional classroom block at Mpemba
Hope building phase 2 - finds given and used for the building of new classroom blocks at Hope
to enable two form entry from 2025
Feeding Programmes - donations to be used for the provision of phala at primary schools
MLP app - funds gtven and used for the development of the software for Malawi Learning
Programme in primary schools on mobile phones or tablets
UFULU - funds given and used to eduGate girls and their families and providing sustainable
menstwal products so that they can attend school all the time
Hope resourcing - funds given to spec￿lcallY equip Hope CDSS after its initial phase 1 building
Solar lamps - Funds given to enable the purchase of solar lamps which students could borrow
lo take home and enable readinglhomework in the evenings
Carbon offsetting - a gift given to be used in a way that offset carbon footprint eg planting trees
RE Resources &Bibles - gifts given to purchase of bibles, RE or Christian resources only
Page 19

Hope4Malawi
Notes to the Financial Statements for the year ended 31 December 2024
12
Analysis of net assets between funds
Unrestricted Restricted
Total
Fund balances at 31 December 2024 are represented by:
Current assets
Creditors due within one year
325,477
(15.113)
77,284
402,761
(15.113)
Total net assets at 31 December 2024
310,364
77,284
387,648
Unrestricted Restrictod
Total
Fund balances at 31 December 2023 are represented by:
Current assets
Creditors due within one year
157.521
{9,916)
67,527
225,048
{9,916)
Total net assets at 31 December 2023
147.605
67,527
215,132
13
Related party transactions
Hope4Malawi made grants to Hope4Development. as set out in Note 5 above. The charities have
common trustees as explained.
Hope4Malawi also received donations from olher charities where Hope4Malawi truslees are also
trustees.
There y￿re no other related party transactions (2023 . None).
Paue 20