Hope4Malawl TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 Charity Registration Number: 1151124
Hope4Malawi FOR THE YEAR ENDED 31 DECEMBER 2025 Contsnts P•g• RofererK• and adm1nlstrab. Infon Trustees, reF4)rt Irthpendent oyamw8 ret*Jt Stslement Offin•4 athrbes Bda sheet Notes to the fina11 stknwnts 10 12 1&21
Hope4Malawi Rofgren¢e and Admlnl•tYallv• Information Tru81888 Mark GcDJman Guy Stephenson (apwint on 19 Awil 20251 Salty Cunliffe lappcinbj on 19 April 20251 Retecca Swenson {apnt& on 19 Awil 20251 Ajunda Young Sherry Sprunt Chri$tin8 Guilbert {retij on 2 M8y 226) Charhy r•gl•tw•d nUffib 1151124 26 Northey Avenue Sutton SIA2 7HR Key man•g•menl pOr•onn Ssra GcKth8n Mark Goodm Chgris Mi Indepgnd•nt Examln•r MrArlhur Mwryn W(ffi8thn. 32 Shitsy Avenue. Ch8am, SUttC. Surrny B•nkorn CAF Bk 25 Kings HIM A¥U Kings Hil Wesl MallirKJ Kent ME194JQ
HoWMal Trusteo•' Roport for tho yoar •ndod 31 Docemb•r 2025 Trust present the Tntstees, Annual RepM for yw ended 31 Decemtw 21r25. This report has been prepared in cordarKe with HoFe4Malawi's QStitutiC, the Charities Act 2011, the Charili¢$ Statement CO R¢wnmended Price 2019 (Chare$ SORP (FRS 102)) arKI Financial Réporhng starKla 12 {FRS 102). STRUCTURE. GOVERNANCE AND NAGEMENT Govemlng Document Hope4Malawi a Chanlabl8 Incorpryal•a OrlsaIn. Et k goNwn&J by its Constitution. RKrnltm•nt and •ppolnlm•rt ol TfU•t••• On an annual basis. the tM)ard of trustees reviews the s.11 sds of the biJstee8 to hjentty If fvrther tr118tees should te rirted. RL1Ment is b88e(l uwn 8ethrKJ peopl8 1th.. passion for the V•rJrk of the charty, the requislte skill 8ets being Sought. arKI preferabty expenence of rural Ma. Trustees are Ind and tralned using malerfth from othw tntstee8 and th& Charlty comffdsglc. Ory•nl••tlonal Structsr• TILte8$ make major deci81& at tru8te88' meetings wfiere tha strategy and value8 (rf th organi88tion are agre& and Vtte anL1 t#S. and granls are agreed. A small finatxe su eommthe handleg day to day finarte t¥abons •nd p8ymwts. Trustets d•lJgte day-ttrday mwapgriwl ofth8 tharity to a UK Op8rabon8 T88m cc#npn8ing Sara arKI Mark Goojman. p rnerter Lrf 81aff and N8H Amtlw. a UK b9wJ dke¢tc of Hop¢4Dovobpm¢nt Hope4Malawi very with FWDe¥dopment Ltd la lAath•In r¢gi$tsrod NGO arKI company limrted by guarantee fomed in 20211. In tha last years most of the on the ground OF¢ration$ and prr¥3ram in M81&i are njn by Hop84C)rArent usirKJ grants from Hope4Mal&•A. In 8ddth.efi to the three threLt¢¥s nam8d above Ihern are three ma1n Directorn. Th888 diTt01$ we Chos aftsr v8ry ¢aTrful ¢>Thideration both of their skill set and link8 vAth th8 l community bul at30 their chwxter WKI CM8tian faitlk A rrK¥andM of Understandirg •sts belv1 Ihe oryanisatioro. Hope40evelopment in M8lh has eyparthd ow Vle last years nNemploy8 around 2S staff who are organised inlo 5 teams ty a Centre Mw. Thr4 i8 Part of our ethos that the training Fwgrammes arKI prlects shcAJld be njn sustalrw ty for M%Man HoFe4Malawi h88 (Th roKI membw of pSrte1 in 2Q5. Th[ p8y vras set by 8eeking to ben¢hmk Ihe ro18 aInSt equwalent th and taklr¥J Inio w>unt thfr ol 8klll and experience the su(£e88ful empbyee W. Rl•k man•g•m•Tht Th8 TTLteaS beli8NP trw are aar8 of m4or risks to th8 chadty i8 expowj and that o)ntrols are in pe lo mffj.gate them. A Risk Regtster ts li u¥e arKI the Twstees aNn for robust management oversvJht. The Trustees consb*the rL8ks and unrtaInbe9 facing the Chty. Risk- A statwt of what ¢)2thY High levets of in1lat5 aThJ dAlOn8 makes it harder for FK#)r maknvi to ew the ate tXMinimi Msk Manage timir¥J ofcash l1cN cefUIty
Hop•4hlalawi Trustees. Report lor th• y•ar gndgd 31 Decombor 2025 Difftcutt5es in partners findiro staff delrv8r qualty UCallOn Sup[M partners in rÉrscm in Mthi. .Ir Hire k1 e Increa8e coffmunity engwent and suptx)rt and use Ictsl role mcthls to h81 Monitor irwmg costs reluty. Only slart tAFildiryJ projects c¥Ke funds have been Communibes may not to In¥ESt kn Ih chibjren's education ¢th arKI dev&)p a regular sup[rt base. Truste and spgufic d¢or9 fund UK costs of charty in the UK. other donors, monies go to R93aT ClMuntffl lo supporte Fund Asin Hope4Malawi'8 overall aim 1$ the rel ol FQVaty. Our mwn strategy to this 18 to educate the next generation $0 that they can beccme economk in(endent. Educatiffl encompa8888 government primary schools. secondary schoob. 1Ver31t18S and collwJos. We also rwni58 hcw broken relab"on8hips wthin communth8 and nations conthbute to povety as does moral failurès la.g. lack of Integrty and COunbil ar¥J Fthver abuse.) Th9refore, we also provlde educgtion In Christlon faith and tharxtar at our Skllls Centr•. Our pr(wJramm88 are available to FeOF4e of all faiths. HoF¢4Malwwi 18 YrkIng lo imwoNt educatsona (yJtcome8 for. pnmary schoc4 students at ChirrNMnte FP, ChipAwp•ts FP. Malund8 LEA. and T¥ani FP, gecondary gchoKI students at Hope CDSS. 8g¢ondary echool stLKlent¥ sel•¢t•d to Natp?nal & and spcKffjor& by H4D from the aforwnentthed wmary 5chc¢Jls, Hope CDSS graduates attending ¢Axrw at Hope Sktllg Centre. JAna vill. and . unNer8ity and colage otyderts ¥pwJn8ored by H4D. This educational wyk takes ace in wificaréas arKI 8choolB locaknl in TrJitlonalAuthcty Somb8 to tho South of Blanlrye. Using the Malawian ¥Thmmenl framvwork the sctial ecormI development In Malaw, our wyk ts pa"ClaY in the areas ot. Human Capital Dsveiopment - EdWlon and Skllls Developrnent Immed 8crw8 lo edurtn Adequate and appropriate infra5tnthTe for all18arn te ImFryed literaGy Improv&J quality of edLKd( M•a•urn• u*ad to monltor progrM• The folthA"ng measures are monitod regu. the measures irKlU fffjm 2(r21. Numter of h0o1 chihjm fed 8ach day
Hope4Malawl Trusto•5' Report for tho yoar ended 31 Docb•r 2025 School children fed each school day 2f 2023 •H(we CDSS llMpe4n LEA •Chipwefft FP In Sepknber 2025. the mmba fe•Jiry kvcgTamme that wag started in September 2013, was hended over to Ihe US not for profit Feed the hungry. Their main charIlab o"e¢tive 1$ rolieving Foverty through feeding programmes. This rran8 that the monies u8¥d for the feeding programme wil be used lo ImwJv818am t¢xhlro rewir(28 In the WIM Sch8 that are the leeder Sch48 to Hwe CDSS. Buildings constructed in schools io 2024 Buildirys aro onty start•J fuThJlTrJ Is kn Fl•x In 2025, sl¥bJ 3 tId1g$, IncKlng a large hal at CDSS. Number ol rnary sbJd*)ts: Na181 & CDSS. Tervary Students Provided with bursaries 150 IL¥J 2022 2023 2025 ter of schcol rcles {e.g. guards. meSSgeT5. litrxarians, Igb
HoPIlalaw1 Trustso8' Rgport for th• year ended 31 Decnber 2026 Roles in school funded ID 2022 2024 The primary School supixyt 18 in th• gchoc4 h"t¥arbèg wlth our Ittw rann0. 4•A Hope4Dav8lopm8nt Staff at tho 8thorJB fTK)St Bchcd d•. A8 the 8W)NKlary 8ch(yJl gs bigger, then It Is Jbte lo lund for more of own Sup[ staff. School leavers funded onyouth Development Programme io btcotsyi •2tr24 •2Q26 Prfnclpal Fundlng Souvc•• The main 80UFce of income the charlty we irM1p4Kluals trts. ACHIEVEMEpifs AND PERFORMANCE Completion of a double classrcl I{K at HoFe Corrnnunlty sOOry Sthool 1£1.5WI. Two fomi enty started in Septemter 25, u$iTrJ cTh d the clasSrcM$. The improved design atso promded a Heajs of DeFOrtrnent office. Graduation of studwts from (r fiTrt yew hjng y¢ Devekynent pr(>3ramme ts 25 sOnd¥Y schwl graduates1£11.686). The second cthort slarted in Seplemter 2025. They are en989ed in tIVe leaming offath, tharadw, bLrneSS ar lrfe thlls. Try are uThJertaking Wofk placement Cc8 in area$ like.. laik)ring, txjikling, welding, bjikdirwj, tske maintenance, literacy. Fed over 1,700 sthool students eh schwl day1£18,091). 103 burneriea pmided tg a¢¢¢xid•ry •nd twtiary •duG•tion •¥tablithmont•1£24,1041. EdLtcational resources prowded to primary and secorthry gchods1£15,053}. Our UFULU projramme &lucated boys arKI girls on pubety. menstruon provided sustainablé Enstral woducts so thal the gir18 can atterKI sccKJl all the Our Farn 1$ kyovbying If))J for the Skn115 Centre progranmas and 1$ stsrbrva to lucate mtr8 of the Ial ccmmunrty on ttAnpJsb"ThJ. Ttrus wthbutes lo IMPvIng FcxJ srity in th8 It1 rea.
Howmalawi Trustees, Report for tho yoar onded 31 Docwnbor 2025 PubHc benerrt The Trustees believe tlw have comJied the duty in section 17 ofts charit Ad2011 to hame due regard lo the pubknc tenefft gUIdar puuished by the Chanty CommissM)n. AJI the actNthe8 of the Chlty {as b8kxi) LThJertkn to further it8 charilab purposes lor public tenefft. We are io pr and relEve poverty by training Ihe next genwation of ytrtg rè)ple. Educat in primary SCI)IS.. Provi5icn of litnrians and da888s. luCat rey¢yJrtts (tèxt txxk8. ch, Thpcharts for the SCI1. A5 soft Cpmr exercise bcK)ks, n5 Stnts). Provi$wyt of phaLq lor certa"n 8ch(x)18 every th momwig. Ufulu lfreedom) Fryrarn Isirj on •Jolwnt devek)pmrt sexual wJr(>#LKlion. labonghips and awaren of ViLle. EdLKal in 8econdary sctmb.. Hope Ccrfnmunity Day sorKlary SthcK4 Infra8twcttJr8'. Pru4iwon of a dwt49 dassrctth bbxk and sclth de8k8 Funding towards a laboratory some schcd guwth, Provision of school unrfomi for all students, and eAu¢ationd resour It•xt book8, chglk, flipcharts, for the ¥th¢)ol, A4 soft c(Ner exerci tooks. pens for StJer). Provi51on of fvll and haw raar fcf 79 8tudents who are frrxn Foor familigj. Prowsicn of phala ts lunch every s¢hxA day. Additsonally. prwde iwr8m $8¢cthry slLKlonts from franilies are transportati, unifcmi a 8m414k)wan EdttOn in tertiary education.. We yThide ¢JnNer8ityltnd c bJrnaM8 for rj tho 8tudent8 we hamp 8ponsorgJ * ¥econdary school. The tryjrsary covers •JeMi¢ fees. a mnthly liwrKJ alkance and transl0n. StLKl8nts also th at the HO sk18 Centre in their holthy8 to eam extra monle8. We offered 30 places on lh8 Yojth Dgvgbwent Programme to alumni of Hope CDSS and of our secondary schcd National & District burnay prcgrnmme. A number of the alumni opted to r tske fom 3 and 4, hthilst otherg ffved w from the 25 8tudentsjoined the YOP and have been engaged In act6ve bèaming of faith, ¢h¥¥tsr, trw$iness and life gkilL8. Try are undertaklrvJ work 8¢ement cthjrses in areas like.. taik)rirvJ, tAM"kling, vAding. tildIng, ts'ke maint¢narKe, Iltsra¢y. 19 cLmnpted the first cohc¥t aTra 21 stsrted the cthorL Three of18st yearfs YDP are nthv workirMJ for us to make Ihe unrforn trAt 18 ne8ded by Hop8 Community Day Schod. Other Edwa1. AddonallY, we are 8180 prov*JTrtvJ training in house buikjing and COTwting ts very poor adults. In the UK we help UK K)I pu18 undersland the ¢1m81anCeS and ¢thlenge$ of the INes of school pupils in nral MakvA. Reliefwork.. V•P hav8 con1inu to hglp ryr buiklings damvd li s1cffl in 2024 and 2025. P>388
HoWMalawl Trustsos. Report for tho yoar •ndgd 31 Docombor 2025 Volunts•rn' contribution Our volunteers a8SiSt in fun&ra5ing. spyJnsorship communica11c5. axn.nq an(i rr supporL Invgstmont policy The Hope4Maawi Trust auttK"se the Tntsta88 to m8ka su¢ investrnent5 as they d88m 8pprcyriate. This IrN8stsmsnt Pofw restrios investments to any of thè follcwng". Bank de81t8 81 UK FSA autred banks". Gitts., CDS issued by FSA Jthed institu18 wrth a ralir4 of AA or tetter. Share5 and SeJrit, rf the shares aTrJ 8ecuritss are for #uevement of the Hopa4Malawi Oblts. d Land and buiklings, if the larKI aThJ buildiry are nec888ry for the athlevemerrt of the Hope4MalavA obiects. In 2025. funds were split bets¥een UK spj bodl95 banks and jdIng sothdes to en$uro full FSCS proledi¢x and improve interest irKc(M. Wo fjard bank interest of £6.349 (2024.. £8,209) Gr•nl maklng polky We may make grants to Malavnan organatr.0nS WI are 8lKJn&J our strategy. In 2025. all of our grants are made to HoFe40evelopment la Malawn rnPany limrted ty guarantee, Company number.. TMBRS 1013380 and NGO Board regi8tralk)n No.. NlLr22}025I. OUT strategy 18 alignad th theirs and tsvo of our Irustees are directors of H¢jpg4DwAopnec and a mOr8[AUM of understsnding agreed with thwn. FundrnlBlng Funds were rawed in Ihe ways.. Individuals made monthty payments to the charity WPFthing sw8ored children and the gener81 running of the Charity. Fun¢J raising and commurucation events brJgt in additional funds. Grants fr( trustg ar¥J yxhctyJls that approxlTh1 vth ¥edfic Don#tn$ TèceNed from churches. In liie Yth the reports'ng rwuirfftts Included in the Charitss Act 2018 the Tru8t883 are ple89&I 10 confirm that all fvndraisiTrJ is ¢kn8 in ¢cnptim ryth tsl fundraiglng practvx No (yjmplaints were receNed about tyJr prac#ices. Relat•d p•rtl•• Mark & Sara Gc4Jdman are dtOrS of NGO Hope4DeveWnt. Th InteractiC5 etween Hope4Makwi and Hope4D¥%nent is govem&J by a rrmorandn of understsndiThJ Signed in 2024.
Hope4Malawl Trusto05' Report for tho yoar •ndod 31 Do¢bOr 2025 FINANCIAL REVIEW The TTUStees are so grateful to the many supFortets. churches and Trusts vtho ntinUe to gve fin8ncialty And gaenficjally to Hop84Mal¥+4i. The inccxne in 2025 was £2.9. We remain very gratoful for our onwng poth8rship with Tmity School in Croydon who run a numb¥r of large $cale fund raising events in the yew in 2025 released funds to us so that the classroom block could tÉ bullt at Chip•. A group of Stnts from the Sch( visrt and Involved in prol&t mogt year& In 2025 9$ Ety Sctwl Cambridge also got involvaj wrth fundraising (partly through a nurnbèr of challenges JustGMivJI for th& S8cCd phase building al Hope. Supporter wsits also invred fvndraising partiajtaty for the equipping and launtth of the Ski118 Centre. Various supportW8 raiged monw through Ihe Ju8t Grving attOn through sponsored run$. walks and other everts. Detsiled ffigurns and nots$ on expendthre cwt be seen in the folbyMTWJ pagès. Ai80 8et out bol under ftrture en$ the dets$ of amtl funds wil te u8ed over tha next y8ar8 for th8 conslrLKkn"on of new classrc•)m blc¢ks. to1 and a large hall at Hope CDSS as well as cL888room Ixk at Mafvnd?. In 2025 the charity was atrAe to malntaln undertaklThJ that all genef81 dt)n¥ wll go directly work and development in Malwm. HoFe4Maawi fun(ts all UK running c<ts thrtyjgh grty SpecifllY made to cover these costs by a small number of tru8lee8 and surwrters. The costs of trustae, volunteer 6UPFQrter tsam v181ts to Malvi ar? 8dl-fvTht, malnly by matthing ¢4Mtributh)n8 mad& to th harity. RMerv88 Pollcy H0M#S télthw that funds are glven to te U8•J for ts minhty, 80 SIk1 bo U8•a in a time manner after dug ¢srat)n of the Trust88s. Its r858rves Folicy 15 to ènsure that there are suffiaent cash ourCeS. within th8 Genwal Flmd arKI the mntenance fund, to eover 6 months, contractual expendrture. Additionalty. it18 scThettm8s rLegsary to gUPFQrt more complex pects or Inlllatives ov•r vthich may be lonw than one year aThl, in Ih88e fAr¢um$tanco8, money may be designated for a on the understanding that r( will be SFent wthin an agregj time frame. Addibordly, a Ixrffw cl £5,CKXI is kopt for Unpknr relief Al 31 De¢ombor 2025 tha cP¢rity h1 re8W of £386.767. of £59.701 wa¥ restricted and £307,Ce6 wa8 unre8lricl. Futuro plans We plan to cc¥)tinue our inter1$ in pyimwy. ty¥jary twb'ary Uc3ti. In tèrms of infrastructurg we 1 ntInue fvrther building woth at HoFe Crmmunty Day Secondary Schcd. Th18 Involve8 the cOMet1 of 2 dassrooms, and the ¢onstructNM of toilèt blcth and a 8chool Hall. We also wish to con81rucl a dble classroom and li bhxk at Mafunde primary h¢. Vrfe aso to Cons1 te*hiTrJ aThJ aJmwd8lTailon blxk at How Sklls Centre, w that in time we ¢8n have stream enty lo t Y¢)uth Cwdcynent Prcgramme. OLf third cohort wll start in September 2026 and wish to slart to give business slart4Jp funding to YDP alumnl in th8 Lg81 quarter of 2026. We wil also te pn)VKlirwJ furlher secondary sthool Ix¥¥aS and Iwtiary Ucation
Hope4Malawi Tnwtggs. Rgport for tho ygar ended 31 Docember 2025 STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees are respMjnsib for preparing the Trustees. Re finanaa statements In accordanc8 with applubte law United r0d¢Y ACCnti Standards, including Financial Reporting Standard 102.. The Financnl Repgrbng Standartl appli¥bl& in th9 UK anaf Republ of Ireland {Unlted Kirwdom Generally Apted Ac£ountirwJ practs.l. The law apF4icable to charilies in Engknd and Wthg requires thè trustoès to wepare financial Statemants for &a¢h finawal year vthi¢h give a true fair of the state of affairs of the charity and of the in¢offe and exFendrture of the chanty for that p. In prepaTirwJ these financial statemts, thè Iru8tee8 ¥e rwuired to: deLt 8UitaL48 aUnting FdKies then ap thwn con8ithnty.' observe the m8thcd8 and pr1rlEa6 in the Charlb¢8 SORP; make judgments and acu)unting estimates that are reasonable and wnt.. state whether appliCae UK AUnting Standards have be folkThvJ, to Y mdal d8parture8 dlsclosed al explaird in the finawal statements. and prepare the financial statements on the wng concem b8818 unl888 It Is an8p0prtsts to pre8um8 that tha charity wll continue in bu81rS. The trustees afe resFN)nslble for malnlaiThng pry )unIOrJ rd5 dl8cIo8e w6th reasonable accuracy at any limg Ihg financial p111 of the tharity and enable them to ensure that the financia5 statements mplY wth tre Charthes Act 2011. TY are also responsib for 8afeguardiNJ the as8ets of the charity and hen for ¢akn'n9 regwn8Ne steps for the wevention arnd detecllon of fraud and other irrg3ularibe8. Thg Tru¥tee8 resKIrt was approwd on 4 June 2028 and $KJnl on bahall of the Tru8t•o9 by.. Mark Goodmgn TNt
Indepondont •xamin•es roport
Hope4Malawl
On accounts for the year
•ndad
31 0Mb 2025
Chartty no
Irf any)
1151124
chity fthe Tru8fi for th8 year endgj
Re•pon•lbllltlo• and
ba#1# ¢)1 Mport
hs ¢hartils trustees. you are resWJ1b ftythe preparatton ofth
accounts in rd8 vath the requyernents ofthe Charltles Act 2011
{'th• Aci.).
I reFQrt in respga of my examinaticn of the Tnt'S account8 carried out
under se£th 145 of the 2011 kt and in carrying out my examination, I
ha¥ all lh8 awuble DIrlon8 gven by the Charity Comml8s
under atlE 145(5llbl of the ACL
Independent
examlner'5 statement
The charivs grcw income exceed £250.CW aThJ l 8m qualth•J to
undertake tho eX•mInalK by being a qualifi&J member of FCCA &FCM
I hm u)mk4ebJ my exam1r. I cujfifm that no materi81 mattern ttave
come to my attentwi in connackn with thè examination {other than that
disclosed belN'I V•ti¢h 9N came to belvA that in. any mat8ri01
TesFert
the x¢wntsng re¢ords vwe ncA kerrt in ax
¥X+
Howmalawi Balanco Sheot as at 31 Decombor 2020 2025 2024 Curnnt uéts 10,825 Cash al tyk hand 388.793 387.885 402.761 Cr•dliorn'. Amwnl8 du• wllth ( yèar 10 1,118 15.113 N•t ¢urr•nt ••wts .767 387,848 12 3.767 387,6d8 Fund• General Funds D8slgnated Funds 11 232.056 310,304 77,284 R08tr1ct•d Fund 11 ,701 Totsl IwNI• .767 367,648 The not•8 1-13 fomi part of th890 statwnent& 2028 8ThJ ¥e sJrj on bthaif ofth8 tx)¥d by.. ct,. C-La- Mark Goodman Trust• 12
How4Malawl Notes to the Financial StatMn0 for the year onded 31 DeCemr 2025 ACCOUP4TING POLICIES Hope4MaavA is a Chanlat4e lncrxW IniSatth f8JiSter&J as a cl in Eroland and Wales. The principal offe is address of the regi$terwJ offKe is 28 Northey Avenue. Ctteam. sLrtt SM2 7HFL B••h ol prnp•ratloTr The financbal sLithts have begn W•Far•J under the Chariti8s A¢t 2011. and In accordance wlh the Ch8rrtie3 Statement of Reccrfnmended Pracllc8 2019 {Charfties SORP (FRS 102)), and Fir¢ RewrtiTrJ Staard 102 IFRS 1021. The financid statemerts are prepared In 3terh'ng, rcAJr)ded to the nearest pound. The charfty 18 a Public Bgnefit Entty as defi by FRS 102. Assets arKI1sabilibes are initially rgcognwl at historical cojt ry transaction vath unl858 Lthephise Stat In the relevant cjntfjng Folicy. 12 Golng conc•rn Al the lime olapFYowrolts flnancial st&wnwts, IheTnffjte88 havea rea331)Ie exrActa that the charity has adeque reUrc to o)ntlnue In operational StenCe the foreseeable fvtsjre. Thus lh& Trusteés Cont1n to the goino coneem basis of ntityj in wepwing the finanlial statem15. 1J Inm9 All Income Is includ&J In the Slatemwrt of Financjal ISOFAI when charity is lagally eTrted to the inciyno. rt is probabla that the lffle wll bo r61 and the amount can be reliably meagured. Donations arKI gifts. other than legxies. ara ¢yedited lo the SOFA on feceipt LegacwJ are credited to the SOFA i the year in whieh the berfxtor died whgra the amount ¢£able can be relHtAy determined aTrJ rt is Fycbable that rt will be rwAived 1A Exp•ndllurn All ¢xrenditure is as scth as a kbilty is cSidj probatrA8, and has b clasfi•d urvjgr heJiffjy that •3gregate all costs relthj to ts cAkegory. Expendrture on chafitat4• xtiviti88 18 incurr&J on (tiredy und•tsknng the xtMti¢s wh futher the Charitys oblti. aj any supwt C03ts. Cuh at bank and In h•nd Cash at bank and in hand Irt1 cash and $hryt4erm highty liquK1 investrts with a stt maturity of three or less frun date of ¢y wing of the deposit or ¥imilar aCnt. 1.6 Cr•dltor• and provl•loM Cf8ditors and we wnis&J Vthere the charity has a present oblTrath'l l51rj from a pa3t evtrnt that w¢ll PTobaWy wult in the transfer of fiJnds to a third rty and the arnnt due to 8etU& ts c*ligabcn can be mea8w or estimated relbly. Crwlitors are Finan¢l•l Instruments The Charity onty has financial assets a1 finanual labilrties of a kiTrJ thal qualify a5 basic financiql irthments. Bas financ#al instnjments we inrtramy recoJnis&a at tran5ath.on value and subsequenuy nwsw•J at their seillement vaje Imth the except.on ofbank loans bthich 13
Hopo4Malowl Notes to the Flnancial Stat•m•th for the y•ar ended 31 D•c•mbor 2025 ACCOUPrnN POLICIES (conllnu•d) Fund accountlng General funds arè unre8tr¥ a¥aatIO ts u8e 8t the diwetion of the Truslges in furtherance of the general ol¥ethw of the Charity 7thic have not trAen de5Jgnated for other pwrrtj. IA Re8tricted funds fvnds vthi¢h are to be in accordance with sp¢ific re5trlclions impo8fyJ by dorKM5 or Iwe baen rased ty th8 Ch¥ty pat"cular purFoses. The costs of raisirvJ and &lministèn"ry such fiJrKls we charg&J against the SFeC4n¢ fund. The aim ar¥J Ltse cd eh restri fund IB 8et in th8 to tha finanraal stamts. 1.9 Accountlng e•llmat•s and Judgomgrrt8 Thgre were no signtficant estimates and K1geMts made ty th8 charity. 2025 2024 Total DonatloNJ Legacies SpOn80r8trP Youth Deveh)pm¢nt Trinty InCw for Glft ald 168.049 208,449 232,192 10,000 35,751 18,857 49,387 25.623 33,124 5,605 16,290 33.124 16,290 20,C(12 28,0)2 194.051 93M19 287,470 371,810 2025 Totsj 2024 Totsl F¥t d MuJic nwjht ted by Tirn Vine 3,177 3,177 3,177 3,177 14
Hop84Malawl Nots• to th• Flnaneial statomo for the year •nd•d 31 Dewnber 2025 Inveotrnonts 2024 Total Bank Interest received 8.349 6,349 6.209 Exp•ndlturn an ch•rltsbl• •ctl 2025 2025 A¢tlvftl•• Grant Undortak•n Fundlng DlrKty AGll¥lll•• 2026 Support 2026 Tot•1 2024 Total Ongoing Prograrnmes Swn51yshlp schemes Building projects Programmas at Chipwey•¥ete fvnded by Trinity Costs of m8 lin8nced by other fur$ Skills Cantre & Youth Development Programme Longer tern purchases- ts"kss, fumitur8, library, lab equipment Project Managem8nt Trustee costs Team and SUPFQrter (xts Mala Staff costs rthryed to supp cc¢ts {rKrte 61 13. 24.104 18,304 31,990 27.898 105,362 12.213 24,211 31,844 50,000 47,099 102.894 11,250 1.259 13.361 14,820 5.907 33.203 41,783 18.487 13.544 14,313 4.000 8.116 3.547 11.663 8.857 21,791 21,791 11,510 11,737 11,737 24.707 11.510 7.988 24.707 93Mn 199.697 24707 S1777 20S.503 Grnnts to Hop84Development Hope4Develowenl Is 8 M8lawn wistered NGO fOrrd in 2021. It has similar objectives to Hopg4Molawi and seeks fvnding for woiects from HoWMalaw. It also (yS buiklirYJ$ in Malahm and employs staff. It has its govemwKe 3truthire and re&1 and xcounts. Grants to HoFE4DEveloprrwt are aFprDv&J by HCma Tnmtees at t1[ meetings after Gareful discuss*)n aThJ evaluation. Regular descriptive and fin191 rgFortirw is required from H4D tracking arKI evaluatiTYJ PnJgre88 on each project
Hopo4Malawl Notes to the Flnancial stateme for the year ended 31 December 2025 Grants to Hopo4D•Vok•Wnt Icondnued) Hope4M4 £199,897 (2W24 £139.250) ofgrnnts to WDevelopment 18,091 Sknll$ Centre BuikliTh3 Hope CDSS Phase 2 11th 50,000 98.116 Equiwient for primary sclKKI8 S'H8 Centre Set Lts 11.094 4.000 11.000 6,250 4.000 1,250 250 Relfafter Storm Frwty Directors Fees H4D 3,547 Hope Sporw8hip Lwd purthased at Hc 4.778 11, £199,697 Total £139.250 2025 2024 2,555 2,370 15,529 3,233 1,032 2,188 IrlanCe Adrninistr8tor ojsts Bank charges Exchange rate k8e81198ins) Acc*jUnts fee 3,193 (205) 1,020 24,707 7,988 16
Hopo4Malawl Notes to tho Financlal Stat•nwnts for th• y••r wKlod 31 De¢¢mber 2025 2025 2024 Wages and salaries S¢xial s&urty costs Penskin 25.723 1,543 27.266 There was on6 nwnbw of 8taff on Keyr1 In 2025 Ir)ne kn 2024}. No mernber of staff reCj Fwments in exce88 of £60.000 in the cuwent ylor y83r. During the year. no tru8tee8 reuld &iy reMurl)n (x cth8r benefits {2024.' £nill. No trust998 wern relmbursed 8XF•ns88 In Iho year12024.' rll). 2025 2024 Tax retsjverabte Prepayments and other dator¥ 18.(MX) 2.625 18.50) 17.488 18,825 35.988 10 Cvedltorn: Amounts falllng due within one yeav 2025 2024 Trade Gre(Illo Other credttors Accruals & deferred inrxrfn8 01 920 3.250 10,943 1,057 1,118 15,113 P17
Hopo4PJlalawi Notes to the Financial Statamonts for tho onded 31 December 2025 11 Fund• Balanem Exp•ndltyr• Tr•nsf•r• 8alance brought corrled 2028 D8•lgnat•d Hope building Pha8e 2 Solar lamF4 RE resources and Bibb8 75.140 1,589 1.579 (75,140} 11,589) 11,579 78,308 178.knl G•n•rnl Ganeral funds 232.056 203.577 (128.587) 307,oe8 Totsl unrethcbj fund8 310,364 203,577 {128.58n {78,3081 307.066 R•¥trf¢tod fund• Youth Development fund Relief Fund Slomi Fred Natn01 & DistrKI Sporwrship Unlvefsty Spon8cYshlp Hope CDSS 8F<>n8orship Hope buikling Pha8e 2 Solar lamF RE resources and Bib Trir+ity Partnership 21,081 6,169 9.498 13.779 18.C64 (22,017) {7.689) {8.8281 110,839) (19,3221 196,108) 4.e89 7.724 15.963 11,791 13,132 1.s89 1,731 3.102 13,023 13.049 S3.1 75,140 1.589 1,579 1648) {21.881) 8.693 16,29) Total re5trKtwJ knds Tl,284 93.419 1189,310) 78,308 59,701 Totsl lund• 1317.8rn 386.767 P•J*18
Hopo4Malawl Notes to the Flnanclal Slatsments for the year d•d 31 December 2025 11 Funds l¢onllnu¢dl Balanc brought forward Income ExPdIlre Trnn8for• Balanca carried 2024 DMlgn•l•d Hope building Ph&9e 2 Hope re8ourdng Sdar lamps UFULU Carbon offseth'rvj RE rasc4JrceB and Bibles 74,564 75,140 1.328 1,589 830 750 {1.328) 1,589 16301 17501 1413) 1.579 5.145 (3.121) 78,308 Ggn•rnl General frJnd8 142.460 197.740 (108,1441 232,058 Tolal unrestritxed fLr#Js 147,605 274.024 1111.285) 310.384 R08trlcted lund* Youth Deveknpment fund Relief Fund Stomi Freddy National & District SprnhiP Universty Spon8LYship Ho CDSS spon¥or8hip Trlnlty Pthershlp 3.435 10,269 19.364 9,244 18,810 18,857 (1,211) I4.1() (15.7341 18.3541 117.7401 147,099) 21.081 6,169 9,498 13,779 18,084 5,868 12,889 18.994 49,387 Tolal $trILled bjnds 67.527 103,995 (94.2361 77,284 Total fund• 215.132 378,019 (205,$03) 387.648 19
HOP41al Notes to the Financial Statements for the year ondod 31 Docèmbar 2025 11 Funds Iconllnu•d) Youth Dv4•lopm•nt Pwrnmrn• Fun furth uwl b) cwr oxvse trwnor4 equiwnonl & Materi8, Staffiffd and lunches. Rollef Fund Storrn Freddy {2023} - fvndB fdi8aJ from a wific appèal. l@d to d# Immed18 relief for those affected.. also training for and holp th ratrAJilding dama9ad IKma8 and infra$truciure as as suppjrtiry initi"atwes to safeguard against dama3e from future storms. Sponaornhlp Fund• Nafjonal & Dlstrl¢t - d¢YK8 are u8•J lo supwt the nThl stn1'S Secondary edu&ition. indling S01 fees. alkJ¥once8, exam fees, transwt and b>)k8. Hopo CDSS- don8b.crts restr to Supp sary &lucaon of narned studgrrt8 81 Hopg CDSS aTrJ alw $e SchWld8 costs including unrfom)8. 1pn9 lab)ratory and library, ther irKenlNes, re80urcing, lunches addthnal supwrt staff. Unlv•rnlty- ¢knaliefjsto suppc#t nam#d stud8nts In tgrtiary &Jucotion inclLhding Hop• bulldlng phaM 2- dOnats. wImty for tlw l)ulkdirwJ of d888rrATh block8 al to wbablg lrym •)try frtyn 2025. Solar l•mp• - donw$ gwgn to anab thè purcfA8e of y4Jl#r lamp8 gtudonts could bJrcfyY lo take hjme and enable realinMmhrrk in the 6veniThJs. RE Rwour¢•s & BM)l••-donakn gi¥en wwn8rly to Ixbkn. RE or Christian rewurce5 only. Trfnlty Prtn•r•Np - funds rawdbyTrinty Sch¢. Crdl0 $upp)rtChipwo Primaryorolher agreed prcIeC Costs Cover include yovK1ing the feeding prc3ranme, lIdIng and mainta'ning 8chcd infrastructure, like the recent dassrtM btsk, plus other re80urclng as agr¢&l ea¢h year. 11 al80 indudes the PerlDJ Povety programme whth 15 uwl fty wjucation crf the yuurwj wple ar)d 8U81ainabl8 SUpy. Hop• r••ourtlng- dna to eothp Fh)pe CDSS aftar its initial pha$8 1 building. UFULU - d'on5 deSrted to educate girl3 and their knilw and WOVKling 5taInab rrffjnstrual wcrflucts so that tlw ran attXI s(aKK4 1 tiw. Transfers oul of dnaj fundg in 2Q5 rewise Ihal t fu¥J9 hava ncm bèon idèntifiv•J as restrtcled fvnds.
Hopo4Malawl Notes to tho Financial Slatwnonts lor tho y•ar d9d 31 Dgcombor 2026 12 Analy•l8 of n8t as1• betwn fund• Fund balances at 31 t)•¢•nb•r 2025 ar• r•pretrwtsJ by. Current assets cr&JitC9 due within one year 308.184 {1.1181 59,701 367,885 {1,118) 307,086 59.701 386,767 Tolal Fund balarKes at 31 Dec•mber 2024 are reprnsl by.. 325,477 115.113} 77,284 402,761 115.1131 Creditors dué withwi I) ygar Total n•t a•8•ts at 31 D•c•mb•r 2024 310.384 77,284 387.848 13 Rd•tsd p•rty tr•n•acth Hefe4Malavl mie grants to How4D• 88 Set out in Note 5 abm. The charit have commn tru8t8e8 88 exFA&n&4. Hope4Mal8wi alw r8C•iVfrtl dorMtiLv)s frryn Lthgr charilw wtwe Tr*)Fe4MeJwM' trustees are alxl trustees. Pw2t