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2023-08-11-accounts

Names and addresses ofadvisers (Optional Names and addresses ofadvisers (Optional Names and addresses ofadvisers (Optional information) information) information)
T eofadviser
Name
Address
Bank
Barclays
1 Churchill Place LONDON E145HP
Name ofchief executive or names ofsenior staff members
(Optional
information)
Not Applicable
~
s
~ ~ ~ ~
Description ofthe charity*s trusts
Type of governing
document
Constitution
How the charity is constituted Charity incorporated Organisation (CIO). The members are the Trustees.
Trustee selection methods Trustees are appointed for3years and can offer to be re-appointed.
Additional
governance
issues (Optional
information)
You may choose to include
additional
information,
where
We have a
community-
memorandum
ofunderstanding
with our sister
based organisation
in Sierra Leone and Malawi.
relevant,
about:
The relation between the parties is going extremely well.
~ policies and procedures
adopted forthe induction
and
training
oftrustees;
~ the charity's
organisational
structure
and any wider
network with which the charity
works;
~ relationship
with any related
parties;
~ trustees'
consideration
of
major risks and the system
and procedures to manage
them.
~ ~
To advance education; to advance
in life, help and relieve
the needs of children
and young people, and to prevent
Summary ofthe objects ofthe
charity set out in its
governing
document
and relieve children
and young people
in poverty
in
particular
but not exclusively
by providing
funds and by
supporting
projects for children
aged 6—13and young
people aged 14 —25 living
in Nsanje and Chikwawa
districts
in Southern
Malawi and Kingtom,
BawBaw, and Waterloo
Communities
in Freetown Sierra Leone.
Summary ofthe main During the period 12August 2022 to 11August 2023, we
activities undertaken
for the
public benefit in relation to
these objects (include within
this section the statutory
declaration
that trustees have
had regard to the guidance
issued by the Charity
have raised funds for the charity through
regular payments
2993,one off receipts off1208 and through
groups of
people, Methodist
Women
in Britain F500,F800 relief for
hose in Sierra Leone. We also raised F1335to rebuild
in
Malawi after the cyclone. This amounted
to a total of
6836.
Commission on public
benefit) We have helped
children
and young people
in Malawi and
Sierra Leonne with gifts ofF600over the Christmas
period.
We sent F4643 for school fees for the children
in Malawi. We sent
E1335in relief after a cyclone devastated
the region.
In Sierra Leone children and young people have benefitted
as SACTS paid School fees F2393,F800was sent for relief.
2was used for administration.
Things are very much back to normal
in the educational
system
in Malawi. We continue
to monitor the impact of
climate change on the educational
system
in the country.
In the year under review, there were serious disruptions
to the educational
system due to Climate change. The
report from our volunteers
on the ground raises concerns
as the rainy season
is about to start with floods from
heavy
rain forecast.
There is not much we can do about this. We hope that
the government
and school authorities
have plans
in
place to keep children
and pupils safe in these adverse
weather conditions.
SACT UK Trustees are pleased
with
the steady progress the pupils are making.
EtcAdditional
details
ofobjectives and activities (Optional
information)
SACTS Trustees Annual
Report Aug 2021
SACTS pays school-related
charges for the children
through
SACTS pays school-related
charges for the children
through
You may choose to include
further statements,
where
relevant,
about:
Charitable
Community
Organisations
in Malawi and Sierra
Leone, as parents
must pay some ofthe school-related
charges
in these countries. We hope that by creating
broader horizons for the children,
their own experience
will
~
policy on grantmaking;
be enhanced,
and their aspirations
raised so the worth
to
~
policy programme
related
their country can be enhanced.
investment;
~
contribution
made by
volunteers.
~
~
~
~
~
Summary
ofthe main
achievements
ofthe charity
during the year
The charity raised over F6836 during the period through
regular donations
and events including
speaking
engagements.
We were able to support
our volunteers
in
Sierra Leone and Malawi to register their community-
based organisations
through
which we are coordinating
the work
in both Sierra Leone and Malawi.
We hold cash in the bank ofF4700, all ofwhich is
Brief statement
ofthe
charity's
policy on reserves
unrestricted
funds. These funds are held to meet any
unforeseen
expenditure
that may occur. We aim to hold
f4500 in reserves at the year-end.
You may choose to include
additional
information,
where
relevant
about:
SACTS continues
to fulfil its mandate to support
children' s
education
and welfare
in Malawi and Sierra Leone.
Providing
financial assistance to cover basic needs such
~
the charity's
principal
as education,
nutrition,
and healthcare
needs.
sources offunds (including Significant strides have been made to improve the lives of
any fundraising); children
and their communities.
With our continued
~
how expenditure
has
support,
School attendance
has increased. The exam pass
supported
the key objectives
ofthe charity;
rate among
children
in the program
is up compared
to last
year. We aim to build on these achievements
and create
~
investment
policy and
lasting
positive change for these pupils and generations
to
objectives including
any
come.
In the year under review, a good number ofthe pupils
completed
their senior education
and have now
progressed
to university
level, and they have been
signposted
to other Charities and NGOs supporting
students
in higher education.
The number
of pupils
in our
Basicand Direct sponsor program
is at its expected levels
ASPa
enls
Adrnin
Money Transbv Fees 39 39
Monies to Maiarn 4,943
Monies toNarra Leone 3.493
Sub total 8,477
A4Asset and investment
Sub total
r srp r~~~~~o
Net ofreceiptsl(payments) 1,641
As Transfers between funds
A6 Cash funds last year end
Cash funds this year end 4,767 4,767
~"
~ ~ ~
~
~ ~
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest
K
to nearest 0 to nearestf
81 Cash funds
Total cash funds 0,30?
(sgiee sciences with receipts end payments
ecccunt(s)) Agreement
Error
'DK GK
Unrestricted Restricted Endowment
funds funds funds
Details to neareet r. to nearest t to nearest 2
82 Other monetary assets
Details Fund to which
asset helen
e
Cost (optional) Current value
o tional
83 Investment assets
84Assets retained for the Details Fund to which
asset helen
e
Cost (optional) Current value
o tional
charity's
own use
85 Liabilities Details Fund
liabili
to which
relates
Amount due
o tional
When due
0 tiottal
Signed by one or two trustees
behalf of all the trustees
on Signature Print Name Date of
s
royal
Bruce Taylor 'L- l2-23
Lansford Penn-Timity 8R/R 2-3
CCXX R2 accounts (SS) 06/12/2023