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2025-08-31-accounts

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

The Mlambe Project

Report and Financial Statements for Year Ended 31 August 2025

AMM 20 November 2025

Registered charity in England and Wales, no. 1160518

Company limited by guarantee, no. 9185866

The Mlambe Project: Reference and Administrative Information

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Charity name The Mlambe Project
Charity registration number
Company registration number
1160518
09185866
Registered address The Oaks Farnham Road, Odiham,
RG29 1HR
Email address AndrewMM@themlambeproject.org
Website www.themlambeproject.org
Malawi centre of operation Mlambe School, Chikolongo Village, T/A
Kalembo, Balaka District, Malawi
Board of Trustees Trustees at the time of reporting
Jon Hassain - Chair
Andrew May-Miller
Jonathan Ifould
Lucy Ifould
Bankers Metro
Bank,
One
Southampton
Row,
London WC1B 5HA, Tel: 0345 08 08 500
Independent Examination Report Megan Phiri

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Table of Contents

Summary 4
Charity Purpose and Aims 5
Delivering Public Beneft 6
Specifc Deliveries in this Reporting Period 7
Nkhwikwi School Block 8
Naming’adzi classrooms and toilets 9
Chitsa classroom block 10
Organisation and leadership 13
Other Volunteers 13
Specific risks and issues: currency exchange rates 13
Funding and summary accounts 14
Structure, Governance and Management 15
Related Parties 16
Financial Review 16
Independent Examiner’s Report 17

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Report of the Trustees for the Year Ending 31 August 2025

Summary

2024/25 has been another exceptional year for The Mlambe Project. Six classrooms were completed in the financial year plus toilets for girls and boys at two schools. What is exceptional about this financial year is that preparations are also under way for six more classrooms before the end of the calendar year.

Classroom accommodation was built for three hundred and sixty learners who would otherwise have had to learn in the open or in the most basic of shelters; or not at all. Good quality block built latrines were provided at two schools benefitting around 1,000 children.

The classrooms and toilets were built using stabilised soil blocks which have the lowest carbon cost of any suitable building technique.

Local people were employed for more than 5,000 days of paid work.

We continued with our 100% volunteer approach and once again all overheads were covered by donations from the trustees so every penny and cent donated goes to Malawi to make a difference to people’s lives there.

Our leadership team was stable in 2024/25 and we have two additional volunteers, a trustee and a bookkeeper ready to take on their roles in 2025/26.

Our work in 2024/25 was once again all directed through the Malawian NGO which shares our name. The trustees of the Malawian NGO include a current local education manager, a retired local education manager, a retired health and nutrition specialist in local education, a head mistress and a trustee with construction skills.

We worked hand in glove with the Malawian NGO and local government to ensure the projects we undertake are focussed on the right local priorities.

Lucy Ifould (trustee) is a Malawian resident and Andrew May-Miller (manager and trustee) travelled to Malawi in 2023, 2024 & 2025 they visited many of the schools we have worked with and plan to work with. This ensured the continuation of the deep personal and organisation connection between all stakeholders in The Mlambe Project.

We continue to work in partnership with the Gift of Hope trust and are delighted that two of their trustees will visit Malawi and see a number of building projects at first hand in 2025.

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Charity Purpose and Aims

The Mlambe Project seeks to transform education and economic opportunities in Malawi using innovative & economical high-impact methods which are environmentally responsible and socially sustainable. More specifically, the charity aims to:

The core charitable objects, as set out in the Memorandum and Articles of Association, are:

*The earthbag building technique has been superseded by “Stabilised Soil Block” (SSB) construction. The trustees are aware that the formal stated objectives should be updated.

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Delivering Public Benefit

The Trustees have referred to the Charity Commission’s guidance on public benefit in relation to the Charity’s aims and objectives. Trustees consider it important to demonstrate progress to supporters and others interested in the charity’s work.

The Mlambe Project delivers public benefit in several ways:

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Specific Deliveries in this Reporting Period

In the year ending August 2025 we constructed six classrooms. We also provided toilets for girls & boys at two Schools.

Our Manager and Trustee Andrew May-Miller has just returned from a visit to some of the schools we work with in Malawi so this report includes first hand, up to the minute information. (Please note, as with all overheads, the cost of Andrew’s visit to Malawi is covered by the trustees. 100% of all donations and grants go to Malawi.)

With the generous support of The Gift of Hope trust, Condit Exhibits LLC ,The Capital Group and many private donors we have been able to complete these projects:

2 classrooms at Nkhwikhwi school to accommodate 120 learners 2 classrooms at Naming'adzi school to accommodate 120 learners 2 classrooms at Chisai school to accommodate 120 learners Boys and girls toilets at Nkhwikhwi school for 500 learners as planned Boys and girls toilets at Naming'adzi school for 500 learners as planned

A total of six classrooms for 360 children and toilets for around 1,000 children. But, as you will read below, the benefit spreads far beyond this narrow calculation.

Over 5,000 days of employment for local people.

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Nkhwikwi School Block

Nkhwikwi school under construction October 2024.

Nkhwikwi school block just completed

The handover ceremony from the Mlambe Malawi Trustees to the Primary Education Advisor who represents the mystery of education.

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Naming’adzi classrooms and toilets

A planning meeting with school officials before work started at Naming’adzi to build classrooms and toilets.

A lesson is in progress in the “classroom” in the background.

Excavating the pit latrine above and the completed toilets right.

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The school block at Naming’adzi

Chitsa classroom block

The roof going on and the completed classroom

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The impact of our work

The provision of fit for purpose school infrastructure like classrooms and toilets deliver many benefits.

Improved health of learners Improved attendance, particularly for girls. Improved attainment

Economic benefits by employing people in a principally subsistence farming community.

The number of children which we quote as benefiting from our classrooms is based on 60 children per classroom which is the government target. In reality some classes will have over 100 children and it is common for schools to run two shifts with half the children starting early in the morning and the other half attending in the afternoon. So the number of children using the six classrooms we have built this year could be as high as 1,200 rather than the 360 we formally report.

The following page is an extract from a report by John Bamusi the Assistant Primary Education Advisor in Nkhonde zone, Balaka district.

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John Bamusi Assistant PEA for Nkhonde zone Balaka district writes:

The Mlambe Project has been an instrumental and reliable partner in the education sector.

CLASSROOM BLOCKS

TOILETS

Most of the Primary Schools in Malawi have inadequate number of toilets against number of learners with some schools having one toilet against each gender. Construction of the toilets have the following impacts:

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Organisation and leadership

The leadership of the Mlambe project was unchanged from the previous year. Andrew May-Miller is manager and trustee with the other trustees being Lucy Ifould, Jon Hassain and Jon Ifould. Nigel Spicer continues to provide accounting advice and support to the trustees.

We are pleased to have another trustee and a volunteer financial controller poised to join the team during the next reporting period.

Other Volunteers

Volunteers have given wonderful support to The Mlambe Project. It would not have been possible for The Mlambe Project to get to where it is today without the ongoing passion and commitment of our volunteers based in the UK, Malawi, Taiwan, Australia and USA (and probably elsewhere).

Specific risks and issues: currency exchange rates

The Malawian Kwacha is not a freely traded currency. The central bank controls the exchange rate within the traditional banking sector. During the reporting period this was in the region of MKW 2,200 to 1 GBP.

However, there is extensive currency trading outside the traditional banking sector and here the exchange rate was in the region of MKW5,000 to 1 GBP. More than double the central bank rate.

We have taken advantage of Mukuru’s telephone based financial services to send money to Malawi at these more advantageous rates.

Remitix Limited (Remitix), Reg. No. CPR/2014/172884 has permission from the Bank of England to operate Mukuru, a money transfer service which you can use to send remittances to other people outside of the UK.

The trustees are aware that government regulation in Malawi could limit or remove the ability of Mukuru and similar services to operate. This would effectively halve the value of our work in Malawi.

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Funding and summary accounts

Our total cash income in the year was £86,222 slightly up on the previous year.

This has been facilitated through a number of different routes including partnerships, grants, individual donations and corporate sponsorship.

Special thanks to:

Thank you to all our donors who have made it possible for us to continue improving educational infrastructure and opportunities in Malawi.

Management account summary

The full charity commission accounts are below following the trustees report

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Structure, Governance and Management

Registration

The Mlambe Project became a registered charity with the Charity Commission of England & Wales on 17 February 2015 (charity number: 1160518). The trustees believed it was important to register The Mlambe Project both as a charity and as a company. Hence it was also incorporated as a private limited company on 21 August 2014 (company number: 9185866).

Governing Document

The Mlambe Project is a charitable company limited by guarantee. The charity’s governing document is its Memorandum and Articles of Association, which sets out the objects and powers of the charitable company.

Board of Trustees

Jon Hassain - Chair Lucy Ifould Andrew May-Miller - Manager Jon Ifould

Company law requires Trustees to prepare a financial statement for each financial year, which provides a true and fair reflection of the affairs of the charitable company, and of its incoming resources and the application of these resources, including income and expenditure. The following financial statement has been prepared in accordance with the accounting policies set out in the notes to the accounts and complies with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Trustees (who are also directors of The Mlambe Project for the purposes of company law) are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company, and enable Trustees to ensure that the financial statement complies with the Companies Act 2006.

Trustees are also responsible for ensuring compliance with the Charities Act 2011, including submitting statements of account to the Commission, preparation and submission of an Annual Report and Annual Return to the Commission, and notifying the Commission promptly of any changes to the charity’s entry on the central register of charities.

When annual income is above £25,000 charities are required to have their annual accounts reviewed by an Independent Examiner or Auditor. Trustees have agreed upon the appointment of an Independent Examiner who we believe is in a position, both professionally and personally, to review the charity’s accounts independent of any supposed bias. Trustees are confident the chosen Independent Examiner has sufficient experience regarding charity SORP with which to undertake this audit.

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Related Parties

The Mlambe Project charity works closely with an independent local organisation registered in Malawi, also called The Mlambe Project. The Mlambe Project NGO (C1491/2021) and The Mlambe Project in the UK share the same goals.

There is no formal association between The Mlambe Project (UK) and The Mlambe Project (Malawi), just a memorandum of understanding, but at present all UK funds go through our Malawian name sake.

Financial Review

Principal Sources of Income

The charity’s core funding is derived from a combination of small and medium-sized grants, personal donations and corporate sponsorship. We have built a network of organisations who support us that have been mentioned in the Fundraising section of this report. This year The Gift of Hope Trust has provided around half of our funds.

Reserves policy

Reflecting the modest size of the charity, the reserves policy is to ensure we have sufficient funds to meet the next three months spending commitments.

Risk Management

Trustees review financial and other risks as part of their regular meetings. The financial risks are considered minimal, as the charity only commits to spending funds it has already raised.

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

Andrew May-Miller

==> picture [41 x 7] intentionally omitted <==

----- Start of picture text -----
12/4/2025
----- End of picture text -----

Manager and trustee - formally signed through Docusign

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Independent Examiner’s Report

To The Members of The Mlambe Project For the Year Ended 31 August 2025

Respective Responsibilities of Trustees and Examiner

The Trustees, who are also the directors of The Mlambe Project for the purpose of the company law, are responsible for the preparation of accounts in accordance with applicable law and United Kingdom Accounting Standards. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2001 Act) and that an independent examination is needed. The Charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales (ICAEW)

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My report was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention

2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of accounts to be reached.

Megan Phiri ACA

Formally Signed by the independent examiner through Docusign

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Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Charity Name: The Mlambe Project Charity Name: The Mlambe Project CharityNo 1160518 1160518
CompanyNo 9185866
Annualaccountsforthe period
Period start date 1/Sep/2024 To Period end
date
31/Aug/2025

Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note
S01
S02
S03
S04
S05
S06
S07
Expenditure (Notes 6)
Expenditure on:
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on investments
S16
S17
Extraordinary items
S18
S19
S20
Other gains/(losses)
S21
S22
Reconciliation of
funds:
S23
S24
Recommended categories by activity
Income (Note 3)
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
Total
Raising funds
Charitable activities
Separate material expense item
Other
Net movement in funds
Total funds brought forward
Total funds carried forward
Total
Net income/(expenditure) before tax for
the reporting period
Net income/(expenditure) after tax
before investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the
charity’s own use
Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03
Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03
Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03
Total funds
Prior year
funds
£
£
F04
F05
Total funds
Prior year
funds
£
£
F04
F05
87,322 - - 87,322 83,527
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
87,322 - - 87,322 83,527
400 - - 400 610
53,621 - - 53,621 72,521
- - -
1,406 - - 1,406 1,547
55,427 - - 55,427 74,678
31,895 - - 31,895 8,849
- - - - -
31,895 - - 31,895 8,849
- - - - -
31,895 - - 31,895 8,849
- - - - -
- - - - -
- - - - -
- - - - -
31,895 - - 31,895 8,849
27,994 - - 27,994 19,145
59,889 - - 59,889 27,994

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Charity Name: The Mlambe Project Charity No 1160518 Company No 9185866

Section B Balance sheet

Guidance Note Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - - - - - - - - - - - - - -
Tangible assets (Note 14) B02 - - - - - - - - - - - - - - - - -
Heritage assets (Note 16) B03 - - - - - - - - - - - - - - - - -
Investments (Note 17) B04 - - - - - - - - - - - - - - - - -
Total fixed assets B05 - - - - -
Current assets
Stocks (Note 18) B06 - - - - - - - - - - - - - - - - -
Debtors (Note 19) B07 - - - - - - - - - - - - - - - - -
Investments (Note 17.4) B08 - - - - - - - - - - - - - - - - -
Cash at bank and in hand (Note 24) B09 59,889 - - 59,889 59,889 - - 59,889 59,889 - - 59,889 59,889 - - 59,889 27,994
Total current assets B10 59,889 59,889- -59,889 59,889 27,994
Creditors: amounts falling due within
one year (Note 20) B11 - - - - - - - - - - - - - - - - -
Net current assets/(liabilities) B12 59,889 59,889- -59,889 59,889 27,994
Total assets less current liabilities B13 59,889 - 59,889 - - 59,889 27,994
Creditors: amounts falling due after
one year (Note 20) B14 - - - - - - - - - - - - - - - - -
Provisions for liabilities B15 - - - - - - - - - - - - - - - - -
Total net assets or liabilities B16 59,889 59,889- -59,889 59,889 27,994
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 - - -
Unrestricted funds B19 59,889 - 59,889 - 59,889 27,994
Revaluation reserve B20 -
Fair value reserve B21
Total funds B22 59,889 59,889- -59,889 59,889 27,994

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Date of Signed by one or two trustees/directors on behalf of all the trustees/directors Print Name approval dd/mm/yyyy ~~mew |~~ 12/4/2025 ~~(Fedics Fag Flles [| Sevens~~ Andrew May-Miller Date Signature of director authenticating accounts being sent to ~~Hd~~ Signature dd/mm/yyyy Companies House 12/4/2025 ~~trains Mega Plins [ eae~~ Andrew May-Miller Print name

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
and with* X preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
and with* X the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note {2 }.

Yes
No

Please disclose
X * -Tick as appropriate * -Tick as appropriate
:
(i) the nature of the chan ge in accounting policy;
(ii) the reasons
provides more
and
why appl
reliable a
ying the new accounting policy
nd more relevant information;
(iii) the amount
in the current p
the aggregate a
periods before
of the ad
eriod, eac
mount of
those pre
justment for each line affected
h prior period presented and
the adjustment relating to
sented, 3.44 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes
No
X * -Tick as appropriate * -Tick as appropriate
Please disclose :
(i) the nature of any chan ges;
(ii) the effect of
assets and liab
the chan
ilities for
ge on income and expense or
the current period; and
(iii) where pract
more future per
icable, th
iods.
e effect of the change in one or
1.5 Material prio
No material prior
r year err
year error
ors
have been identified in the reporting period (3.47 FRS102 SORP).
ors
have been identified in the reporting period (3.47 FRS102 SORP).
Yes
No

X

* -Tick as appropriate
Please disclose :
(i) the nature of the prior period error;
(ii) for each prio
amount of the c
affected; and
r period
orrection
presented in the accounts, the
for each account line item
(iii) the amount
earliest prior pe
of the co
riod pres
rrection at the beginning of the
ented in the accounts.

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Section C Notes to the accounts (cont)

Recognition of income
Note 2 Accounting policies
2.2 INCOME
These are included in the Statement of Financial Activities (SoFA) when:
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources;
· the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to the
grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Legacies
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor
or the terms of the appeal have specified otherwise.
Contractual income and
performance related
grants
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
The charity has incurred expenditure on support costs.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Support costs
Volunteer help
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Investment gains and
losses
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Yes
No

N/a*
Yes
No

N/a*
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X

CC17 FRS 102 SORP

26/11/2025

4

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

2.3 EXPENDITURE AND LIABILITIES

Grants with performance
conditions
2.4 ASSETS
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
Grants payable without
performance conditions
Redundancy cost
Deferred income
Creditors
Provisions for liabilities
Basic financial
instruments
Tangible fixed assets for
use by charity
Intangible fixed assets
Heritage assets
Investments
Current asset
investments
Liability recognition
Governance and support
costs
Stocks and work in
progress
Debtors
No material item of deferred income has been included in the accounts.
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity made no redundancy payments during the reporting period.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note
15.
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
The charity has investments which it holds for resale or pending their sale and cash
and cash equivalents with a maturity date less than one year. These include cash on
deposit and cash equivalents with a maturity of loss than one year held for investment
purposes rather than to meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or
net realisable value.
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the
charity. Subsequently, they are measured at the cash or other consideration expected
to be received.
Yes
No

N/a*
Yes
No

N/a*
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X
Yes
No

N/a*
X

CC17 FRS 102 SORP

26/11/2025

5

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts (cont)

Section C Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont)
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations and gifts
49,691 - - 49,69132,929
Gift Aid
2,531 - - 2,5315,998
Legacies
- - -
General grants provided by government/other
charities
34,000- -34,00043,500
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donatedgoods,facilities and services
1,100 - - 1,100 1,100
Other
- - - - -
Total 87,322 - - 87,322 83,527
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
Interest income
- - - - -
Dividendincome
- - - - -
Rentalandleasingincome
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
Total
- - - - -
87,322 - -87,32283,527
Other information:
Note 3 Income
Analysis of income
Donations
and legacies:
Charitable
activities:
Other trading
activities:
Income from
investments:
Separate
material item
of income
Other:
TOTAL INCOME
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Income
Analysis of income
Donations and gifts 49,691 - - 49,691 32,929
Gift Aid 2,531 - - 2,531 5,998
Legacies - - -
General grants provided by government/other
charities
34,000 - - 34,000 43,500
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donatedgoods,facilities and services 1,100 - - 1,100 1,100
Other - - - - -
Total 87,322 - - 87,322 83,527
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividendincome - - - - -
Rentalandleasingincome - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other - - - - -
Total - - - - -
87,322 - - 87,322 83,527
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
This year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).

CC17a (Excel)

26/11/2025

6

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff
Use of property
Other
Thisyear This year
Last year
£
£
This year
Last year
£
£
- -
- -
1,100 1,100
1,100 1,100
Lastyear
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Accounted in line with FRS 102 - professional
services donated to the organisation are typically
accounted for at market rate. These services are
largely donated to support the administration of
the chartiable activity in Malawi - such as web
consultancy and accountacy.
Accounted in line with FRS 102 - professional
services donated to the organisation are typically
accounted for at market rate. These services are
largely donated to support the administration of
the chartiable activity in Malawi - such as web
consultancy and accountacy.
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.
The Charity is supported by a team of 6 unpaid
general volutneers, who are vital to the ongoing
success of the charity
The Charity is supported by a team of 6 unpaid
general volutneers, who are vital to the ongoing
success of the charity

CC17a (Excel)

26/11/2025

7

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts (cont)

Note 6 Expenditure
Analysis
Expenditure on raising funds:
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Incurred seeking donations - - - - 210 - - 210
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - - - - -
Operating membership schemes and social
lotteries
- - - - - - - -
Staging fundraising events - - - - - - - -
Fudraising agents - - - - - - - -
Operating charity shops - - - - - - - -
Operating a trading company undertaking
non-charitable trading activity
- - - - - - - -

Advertising, marketing, direct mail and
publicity
400 - - 400 400 - - 400
Start up costs incurred in generating new
source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - - - - -
Investment management costs: - - - - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice - - - - - - - -
Investment administration costs - - - - - - - -
Intellectual property licencing costs - - - - - - - -
Rent collection, property repairs and
maintenance charges
- - - - - - - -
- - - - - - - -
Total expenditure on raising funds 400 - - 400 610 - - 610
Expenditure on charitable activities:
Support Costs - - - - - - - -
Direct provision of Chartitible Activity - - - - - - - -
Grants to Malawi 53,621 - - 53,621 72,521 - - 72,521
Goverance - - - - - - - -
Total expenditure on charitable activities 53,621 - - 53,621 72,521 - - 72,521
Separate material item of expense
- - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Accountancy, bank and donation tranasction 1,406 - - 1,406 1,547 - - 1,547
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure
TOTAL EXPENDITURE
1,406 - - 1,406 1,547 - - 1,547
55,427 - - 55,427 74,678 - - 74,678

Other information:

Analysis of expenditure on charitable activities

Thisyear Thisyear Thisyear Thisyear Lastyear Lastyear Lastyear Lastyear
Activity or programme Activities
undertaken
directly
Grant
funding of
activities
Support
Costs
Total this
year
Activities
undertaken
directly
Grant
funding
of
activities
Support
Costs
Total last
year
£ £ £ £ £ £ £ £
Activity1 - - - - - - - -
Activity2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -

This year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Last year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

26/11/2025

8

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Note 10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of
accounts and other services provided by your independent examiner. If nothing
was paid please enter '0' in the appropriate box(es).
Assurance services other than independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services)
paid to the independent examiner
Independent examiner’s fees
This year
£
Last year
£
0
0
0
0
0
0
0
0

CC17a (Excel)

26/11/2025

9

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis Grants to
institutions
Grants to
individuals
Support costs Total
SupportingMalawian Organisation £ £
53,621 - - 53,621
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -

Total
53,621 - - 53,621

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
Yes Please provide
details of charity's
URL.
No Provide details
below
Names of institution Purpose Total amount of
grantspaid £
The Mlambe Project Ltd (Malawi), an independent social
enterprise registered in Malawi
Building work and implementing charity's
aims in Malawi
53,621
-
-
-
-
-
-
-
-
-
TOTAL GRANTS PAID
Total grants to institutions in reporting period
Other unanalysed grants
53,621
-
53,621

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis Grants to
institutions
Grants to
individuals
Support costs
£
Total
£
Supporting Malawian Organisation 72,521 - 72,521
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -

Total
72,521 - - 72,521

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
Yes Please provide
details of charity's
URL.
No Provide details
below
Names of institution Purpose Total amount of
grants paid £
The Mlambe Project Ltd (Malawi), an independent social
enterprise registered in Malawi
Building work and implementing charity's
aims in Malawi
72,521
-
-
-
-
-
-
-
-
-
TOTAL GRANTS PAID
Total grants to institutions in reporting period
Other unanalysed grants
72,521
-
72,521

CC17a (Excel)

26/11/2025

10

Docusign Envelope ID: D559F8A5-C690-4F86-AD1C-B443FE2BFA4D

Section C Notes to the accounts (cont)

Other
Cash at bank and on hand
Total
Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)
Short term deposits
This year
£
Last year
£
59,889 27,994
-
- -
- -
59,889 27,994

CC17a (Excel)

26/11/2025

11