Charity rnghtration numb•r 1183037
Company r•gl8trntion numb•r 08733254 IEnghnd •nd Wal••l
THE MWEZI FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

THE MWEZI FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Tru•tse•
M Hamblin
C Paye
(Appointed 1 November
20221
(Appolnled 1 November
20221
(Appotnted l Nov8mb•r
20221
S Dawson.Collman
W Durigan
S•¢r•tsry
C Paye
Charlty number
1163037
Company numbor
08733254
R•ghtsr•d offl¢•
12 Vicarage Road
Henley-OTrThames
Oxlordshire
United Kingdom
RG9 1HJ
Ind•p•nd•nt •xamln•r
Mark Ja¢kson FCA DChA
Westpoint
Lynch Wood
P•l&rborough
CambTidgeshir•
United Kingdoffl
PE2 6FZ
B•nk•rn
Lloyds Bank
15 8lac*heath Villag
Bla¢khealh
London
United Kingdom
SE3 9LH

THE MWEZI FOUNDATION
CONTENTS
P•
Trustee$. report
Independent examlne¢¥ report
sialemenl of finan¢io1 aclivitl&s
8alanGg sheat
Notes lo the llnancial stslemenls
6-11

THE MWEZI FOUNDATION
TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2023
The Iru$le&s preserhl their annual report arKI ffinancial stslemerbts for the year ended 31 October 2023.
The accounts have been prepared in a(£ordance wilh the accounting policies set oul in nole 1 to the accounts and
comply with the charity's governing document, the Companies Act 2006 and the Slalernenl of Re¢ownThended
Practice, "Aecounting and Reportjng by Charities" issued in March 20(15.
Objective• and activitie$
The chaiivs ob￿rIS werg d)anged by Spe¢ial Resolution dated 19 October 2021 to the following..
To reliève poverty through donating or otherwisè lacilitaling the provision of solar energy lo those in need in
Kenya or anywhere else in the worfd that the Iruslee5 decide.
2. To advance the education of the public in matter5 relating lo solar energy, climate change and the
protection of the environment and to carry out and disseminate the results ol research into all aspects of
energy generation, dislribution, supply and use.
3. To advance èducation by making grants for Ihe payment ol educational fvos and the associated ctssls of
attending educational establishments.
The Iruslee5 have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achi•v•m•nts and p•rforn)ane•
Financial r•view
This was the ninth full year of the charity's activities. During this year the charity (ontinued rts work in the
produ¢Thon ar￿ free distribution of solar lighls, as well as in the granling of educalional scholarships.
Using our redessgned solar lighl casing we manufactured 2,150 new lights during thi$ year and ￿paired and put
back into circulation a further 1,480 lights. We also increased the number of schools supported by the Foundation.
Wè continued to re¢eNe genèrous financial donation$ from individual donors and charitable Irusi funds during this
year. which have enabled the Trustees lo expand the numbei ol schools that we support. At the end of this year we
were supporting more than 200 schools with 501ar lights to enable their students living off-grid to study during Ihe
hours of darkness. Wthin Ih05e schools we maintain and repair the donated lights and monitor stud&nt
perforrnance.
OuTing the year, we continued to assist students with Mwezi Foundation scholarship$ and wèrè supporting 7
students through Ihèir sècondary school education by paying thèir school fees and anci118ry ¢osls thanks lo the
support of individual $ponsors.
The charty's bankers continue lo be Uoyds Bank.
During the year the charity faised £58.D59 in donations and other income.
li is the polw ol the Charity that unrèstfictèd funds which havè not beèn designated for a $Pecrf￿ use should be
maintained al a level equivalent lo belween three and six month's expendrture. The Iruslee5 consider that reserves
al this level will ensure that, in the event of a Significant drop in funding, they wll be able lo continue the charty's
current activities while con51deralion is given to ways in which Jddilional lund5 may be raised. This level of reserves
has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and arè $8li$fied that systems are in
place to mitl9ale exposure lo the major risks.

THE MWEZI FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
Slructur•. goveman¢• •nd manag•m•nt
The charity ig a company limSled by guarantee. Th• tharity was registered with the Charity'5 Commisslon on 8
Augu$1 2015.
The Iruslees, who are also the dire¢tors for the purpose of company law. and who seryed during the year and up to
the dale of slgnature of the financial statements were..
M Hamblin
C Paye
G Colbnan
S DawsoTr&Collman
WDurigan
(Appolnlod 1 November 2022)
(Appointed 1 November 2022)
(Appointed 1 November 2022)
None of the Iruslees has any beneficial interest in the company. All of the Irusle•s 8re mèmbers of the company and
guarantee lo contributè £1 in the event ol a winding UP.
Detsils of organisalional $lructure'. during thè period there were fNe Iru$lfj8 directOTg who fuffill6d the roles of
Chalrman and Treasurer.
The Trustees, r8POrt was approvgd by the 8oar(l ofTru$lee8.
M Hamblln
Tru8ts•
25th Juty 2024

THE MWEZI FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MWEZI FOUNDATION
I report to the trustees on my examination ol the financial stslemenls of The Mwezi Foundation Ilhe Char￿Y) for the
year ended 31 October 2023.
Rospon¥ibilitiÈs and ba$1$ of report
As the trustees of the charity land also its direcloTS lor Ihe purposes of company lawl you are Tespon5ible for the
preparabon ol tha financial slalemenls in accordan￿ wrth the requirements of the Companies Act 20(￿ Ilhe 2006
A¢ti.
Having satisfied myself thal the financial stslemenls ol the charity are not rèquired tts be audrted under Part 16 of
the 2006 Act and are eligible for independent exarninalion. I report in respect of my examination Of Ihe ¢harrty s
financial statements carried out under section 145 01 the Charrties Act 2011 Ilhe 2011 Actl. In carrying out my
èxarninab'on I havè folbw8d all the applicable Directions given by the Charty Cornmi5sion under seclion 14515llbl
of the 2011 Ad.
Ind•pendent examinerfs statement
I have wmpleled my 8xamination. I confirm that no mattars ha￿ come to my attention in connection with Ihe
examination giving me cause lo believe that in any material respect."
accounting records were not kept in respect of the chanty as required by seth'on 386 of the 20C6 Act,. or
thè financial stalements do not accord with those records.. or
the financial sialements do not comply with the accounting requirernenls of section 396 of the 2006 Ad olh&T
than any requirement thal the accounts give a true and fair view which 15 not a matter considered as part of an
independent examination.. or
the financjal Statements have nol been prepareil in a¢¢ordance with the methods and principlès of thè
Statement of Recommended Praclice for accounting and reporting by chanlie5 applicable lo tharilies
preparing their accounts in accordance with the Financial Reporting Stsnd8rd applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concems and have ¢ome across no other matters in connection wrth the examination to which attenbon
should be drawn in Ihis report in older to enable a proper understanding of thè financial statemènts to be reached.
Mark Jackson FCA DChA
Az•ts
Weslpoint
Lynch Vvood
Peleiborough
Cambridgeshire
PE2 6FZ
United ￿'ngdorn
Dated. .£&...{.: 2o..&t

THE MWEZI FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2023
Unmtri¢trd Restrictsd
funds
fund•
2023
2023
Total Unrv4trlctsd R￿trIctsd
fund•
fund•
2022
2022
Total
2023
2022
Not••
In
Donations and
legacie$
Inv&slmenl$
20,699
37,316
58,015
44
9,495
22,807
32,302
Total In¢om•
20.743
37.316
S8.059
9.496
22.807
32,303
Ex
nd
Charitable a¢tiwtie$
10,653
39.S19
50.172
25,522
25,810
51,332
N•t InGom•l{•xponditur•}
for th• yearl
N•t rnovem•nt In fund•
10,090
(2.2031
7.887
{18.0261
13.C#J31
119,0291
Fund balances 811
Novembar 2022
28,C¥)4
2,203
30,207
44.030
5.206
49,236
Fund bal•n¢￿ at 31
Octob•r 2023
38,094
38,094
28,004
2,203
30,207
The statement of ffinancial acliwties indude5 all gains and losse8 recognised in the year.
All income and &xpendAuw derlvg from continuing actimlies.
The $latement of flnancial actiwlles also compl￿5 wilh th• requlrem&nts for an ￿n￿me and expenditure account
under th8 Companies Act 20C6.

THE MWEZI FOUNDATION
BALANCE SHEET
ASAT31 OCTOBER 2023
2023
2022
Curnnt au•ts
Stocks
D8btor5
Cash al bank and In hand
11
12
18,984
1,552
20,674
4.700
149
25,898
39,210
30.747
Cr•dltorn: amounts fallln9 due wlthln
on• yur
13
{1,1161
15401
Nel current assets
30.207
Incom• fund*
Reslrlcted funds
Unre$tri¢ted fund$
14
2,203
28,004
38,094
38,094
30,207
The company is enlilled lo the exemption from the audit requlrement contained in Sgclion 477 ofthe Companles A
20Ce, for the year ended 31 October 2023.
The directors acknow19dge Ihgir ra$pon$ibililig$ for Complying with th8 requirements of th8 Companies Act 2006
with resped lo accounting records 8n¢J the preparation of financial Statements.
Th8 m8mbers have r￿1 rèquired Ihe company lo obtain an audll of 118 finandal statements fw the year In questlon In
ac¢ordance wrth section 476.
These financial slalomenls ha￿ b&gn pr8parad in accordance with the provisions applicabje to companies subject
lo the small Companies r•gim&.
251h Juty 2024
The finanaal slalements were apwove(I by the Truslegs on ...-........-..-.........
M H8mblln
Trust••
Company regl•tratlon number 08733254

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Accounting policies
harity infornwtion
The Mwezi Foundation 1$ a private company lirniled by guarantee incorporated In England and Vvales. The
registered office is 12 Vicarage Road. Henley-On-Thames, Oxfordshire. RG9 IHJ, United Kingdom.
1.1 Accounting Convention
The financial stalernents have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standar(F applicablè in the UK and RÈpubli¢ ol
Ireland. I'FRS 102.1 and the Chaiilies SORP "Acoounling and Reporting by Charrfies." Statement of
Recommended Pradice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. The
charity is a Public Benefit Enlily as defined by FRS 102.
The charity has taken advantage of the promsions in the SORP for charities not lo prepare a Slalemenl of
Cash Flows.
The financial stalements are prepared in sterling, which is the lunctional currency of the charrty. Monetary
amounts in these financial statements are roundod lo the nèarest £.
The financial sl8lemenls have been prepared under Ihe historical cosl c£Invenl￿n. The principal accounting
poIic4es adopted are sel out below.
1.2 Golng conc•m
Al the lime ol approwng the financial slalements, the trustees have a reasonable expectation that the charity
has adequate Tesources to conts'nue in operational oxistenee lor the foreseeable future. Thus the Iruslees
continue to adopt th* going concern basis of accounting in prepaiing the financial slalements.
1.3 Charltabl• lund$
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted tunds are subject to specific conditions by donors as to how they may be used. The purposes and
uses ol the restricied funds are sel out in the notes lo the financial slalemenls.
Endowment funds are subject to specific condrtions by donors thal the capital musl be maintaine(I by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled lo it after any performance condrtions have been met.
the amounts can be measured reliably, and it is probable that income wll be received.
Cash donat￿nS are recognised on receipt. Other donations are recognised OTh￿ the charity has been nolffjed
of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations ieceived under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notth'ed of an impending distribulion.
the amount is known, and receipt is expecled. If the amount is not known. the legacy is treated as
contingent asset.

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
Accounting pollcles
{Continuedl
1.5 Exp•ndltur•
Expendilure is recognised once there is a legal or constructive obligation lo Iransfei economic benefrt to a
thifd party. it is probable thal a traftsfei of economic bgntrfits will be required in settlement, and the amount of
the obligation can be measured rèI￿bty.
Expendrture is cla$sthed by activity. The c051s of eath actiwly afe made up of the total ol dirg¢t ¢o$ls and
shared cos15. including support costs involved in undertaking each activty. Direct costs attributable to a $ingle
activity are allocated directly lo that activity. Shaied costs which contribule to more than one activtty and
5UPPOrt Costs which are not attributable lo a single activity are apportioned belween those activities on a basis
conslstent with the use of resources. Central staff costs a￿ allocated on the basis of time spent. and
depreciation charges are allocated on the portion of Ihe as$&l's use.
Charitable expenditure comprises those cos1$ in(wrred by the ¢harlty in the delivery of its adivities and
services for its benef￿arles.
Goveman¢e costs include those costs assorialed with meeting Ihe constitutional and statutory ￿Qu1￿ments
of the charrty and included audit fees and costs linked lo the strategic management of the charity.
C0515 are allocated. where possible. directly to the activity. Where the cost is not diieclly attributable it is
allocated by infomied management's best estimate ol the actiwties undèrtaken.
1.6 Stocks
Slo¢ks ale staled al the lower of ¢osl and eslimaled selling price less costs lo completè and sell. Cost
¢omprises direct malerials and, where applicable. direcl laboLFr costs and Ihose overheads that have been
incurred in bringing the stocks lo their present location and condition. It&ms held foi distribution al no or
nominal consideration afe measured Ihe lower ol replacement cost and cost.
Net realisablè value is the estimated selling price les5 all estimated costs ol LXJMplet￿ and costs lo be
Incurred in marketing. selling 8nd dislribLrtion.
1.7 Cash and cash equivalents
Cash and cash eqviv81enls include cash in hand, deposrts held at call with banks, other short-lerm liquid
investments with original maturrties of three months or less. and bank overdrafts. Bank oveidrafts are shLw4n
within borrowings in current liabilities.
1.8 Flnan¢lal Instruments
The charity has elected to apply Ihe provisions of Section 11 'Basic Financial Inslnjmenls, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all ol its financial instruments.
Financial instnjments ale recognised in the eharity's balance sheet when the charity becomes party to the
¢ontra¢tual piovisions of Ihe inslrurnenl.
Financial assets and li8biltties are offset, with the net amounts presented in the financial $lalemenls. when
there is a legally enfoTceable right to set off the recognised amounts and thère is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Basle flftanelal ass•ts
Basic financial assets, which includ& d&btors and ¢a$h bank balances. are initially measured at
transaction price induding transacbon ¢o$ts and are subsequently carfied 81 amortised cost using the effective
Inlerèst method unless the arr8ngemenl conslilules a financing transaction. where the transaction is
measured al the present value of the future receipts discounted al a market rate of interest. FinanLial a$set$
classified as receivable within one year are not amortised.

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
Aeeountlng pollcles
{Coniinuedl
8asi¢ finan¢ial liabilltie$
Basi¢ financial liabilrties. including Creditors and bank loans are initially recognised at transaction price unless
the arrangement conslilutes a financing Ir8nsaction. where the debt instmmenl is measured at the present
value of the future payments discounted al a market rale of interest. Financial li8bililies elassified as payable
wrthin one year are nol arnortised.
Debt instruments are subsequèntty camèd at amortised eost, using the effective interest rate method.
Trade creditors are obligations lo pay for good5 or Services that have been a¢quired in Ihe ordinary course ol
operalions Irom suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Crltlcal accounting •stimat•s and judgoments
In the application of the charrty's 8¢¢ovnling policies. the trusteès are require¢J to make judgements, estimates
and assumptions about the carrying amount ol assets and liabi111ies that are not ieadily apparent from other
sources. The estimales and assocAated assumptions are based on historical expenence and other factors thal
are considered to be relevant. Actual results may differ from these estimate5.
The Èslimales and undèrlying assumptions arè réviewèd on an ongoing basis. Revisions to accounting
eslimales ale recognised In the period in which the estimate is revised where the revision affects only that
period. or in the peiiod of the revision and future periods where the revision affects both Current and futu
periods.
Donatlons and kga¢l•$
Unrfrstri¢t•d R•$tri¢ted
funds
funds
Totsl
Total
2023
2023
2023
2022
Donations and grfts
20.699
37,316
58,015
32.302
For th• y•ar ¢nd•d 31 Oetobèr 2022
9,495
22,807
32,302
Inv*stm•nts
Unrestrlet•d Unrestricted
funds
lund$
2023
2022
Inlerest recewable

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
Chathablo a¢tSvltl••
Provl8lon of
School
Ilghting •¢holarnhip
Totsl
1023
Total
2022
Piovlston of Ilghllng
Bank chargos
Subcontractors
Components
Freight and transport ¢o$ts
Rgnt
Mis¢ellaneou8 èxpèndilure
Profe8sional setNlce
Scholarship ffjgs
2,203
434
11,861
26,468
5,385
772
137
2.203
434
11,861
26.468
5.385
772
137
3.003
323
9,619
27,077
6.236
914
900
2,120
2,336
2.336
47,200
2,336
49,596
50,792
Sharg of govemancx co$1$ (see nol8 6)
576
576
47.836
2.336
50,172
51,332
Anatysls by lund
Unreslrict8d funds
Restricted funds
10,S37
37.299
116
2,220
10,8S3
39,519
2S,522
25,810
47.836
2.336
SO.172
51.332
Support ¢osts
Gov•man¢•
colts
2023
2022
A¢ts)unlancy
576
576
540
576
576
540
Thi•te•8
None of the Iru8lees lor any persons connected wlth them) r•c•lved any remuneratlon durlng the year, and
none of them were reimbursed tra￿lling expenses.

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
Employ•••
The overage monthly numbw of gmployees durfng the year was..
2023
Numlxtr
2022
Number
Total
There were no émployees whose annual r9muneralion wa$ more than £60,000.
Tax•tlon
The ¢harily is exempt from lax on income and gains falllng within se¢tlon $05 of the Taxes Act 1988 or sectlon
252 of the Taxation ol Chargeable Gains Act 1992 to the extgnt thal these are applied lo ils charitable objects.
2023
2022
10 Fln•n¢lal in•lruments
Carrylng amount of finan¢lal •ss•ts
Debt instruments measured al amortised cost
l.S52
149
Carrying amount of financlal Il•bllltl••
M8a511red at amortised cost
1,116
540
11 Slo¢k*
2023
2022
Raw materials and consuma￿5
16,984
4,700
12 Debtors
2023
2012
Amounts falllng du• wlthln on• y•4r.
Olh8r debtors
1,552
149
13 Cr•dltOM: 4mounts tslllng du• wlthln on• year
2023
2022
AcGruals and dgfgrr8d income
1,116
540
10.

THE MWEZI FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
14 Restricted funds
The in¢ome funds of the charrty indude restricted funds comprising the following unexpendeil balance5 01
donalions and 9rants hèld on trust for speufic purposes..
Movement In funds
Incrffllng
Movemènt In funds
Incomlng
resourcè5
Rp50urttrs
Balan¢0 *t
•xpgn4gd 1 Novgmb*r
2022
Balance at
31 Octo￿[
2023
1 14ovomber
2021
èxpèndod
Thè Watedoo
Foundation
School
Scholarships
BFSS
Lasl-mile
project
Fresh Leaf
Charitable
Foundation
Nexl Energy
5,206
{3.0031
2,203
(2,2031
1,610
10.003
{1.6101
{10.0031
2.220
11,649
{2.2201
111.6491
11,194
{11,194}
12,314
11,133
112,3141
111,1331
5,206
22.807
125,8101
2.203
37,316
139,5191
Thè Watedoo Foundation grant is to supporl the development of our maintenance and operation strategy.
During the yeai, the foundation amended its charitable objects'ved to include making grants for the payrnenl of
educats.onal lees. These are partly funded by sponsorship donations.
During the year the ft)undalion received a grant from BFSS for the provision of portable solar lights for 150
Kenyan primary schools.
The last-mile project relates to grants received for the provision of 1.200 portable solai lights. swead betr4een
100 primary schools in rural Kenyan villages.
15 AnatyJi¥ of net a8$ets befyvwi fvnd$
Unrestrict•d R•strTrcted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Fund balances al 31
October 2023 are
represented by..
Current assetsllli8bililiesl
38,094
38,094
28,004
2,203
30,207
38,094
38,094
28.W4
2.203
30.207
16 Related party transaction$
There were no disdosable related party transactions during the year12022- none).