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2023-04-05-accounts

Trustees’ Annual Report for the period

From 6 April 2022 Period start date To 5 March 2023 Period end date

Charity name: Masoyi Trust UK

Charity registration number: 1167595

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The relief of need by providing care and
support to the sick, orphaned, vulnerable
and destitute in the Masoyi community of
South Africa, especially to those infected
with and affected by HIV/Aids.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Grant-making
Grants were made to eMasoyi Community
Development Foundation (previously
registered as Masoyi Home Based Care
Project) totalling £20,332. This has been
used (and continues to be used) for:
Monthly food parcels for needy patients
and children
Lunchtime feeding
Peer education: incentive payment to peer
educators; refreshments
House completion
Worker payments
Transport (fuel) for: children’s activities;
peer education; house-building
Infrastructure costs
We had a total of 12 narrative reports
during the period showing how the grants
were applied; and 12 audit trail reports
(copy receipts etc).
Communication
We have been in regular contact with the
CEO of eMasoyi and other officers to
discuss and agree use of grants.
For current news
We have produced a monthly prayer
bulletin, a quarterly report, and posted
regular updates on our website and
Facebook page.
Fund-raising
We have a small number of supporters
giving by standing order or one-off but
regular donations; one-off individual
donations; donations given via fundraising
campaigns; annual donations from two
churches; and Gift Aid.
Trustee Meetings
The trustees met four times during the
period. The Management Team receive
quarterly account summaries from the
treasurer. We monitored the new houses
funded and built this year. We submitted
an application for a grant.
Annual General Meeting
We held our AGM in October 2022.
Policies
We have a Code of Conduct and
declaration, and implement it as
appropriate.
We have implemented a safeguarding
policy and we are looking at Trustee
training on anti-bribery.
We have been working with eMasoyi to
implement a photo consent policy on the
ground in South Africa. This will enable us
to safeguard who we use in our reports and
whether or not we have consent to use an
individual’s photo.
Banking
We send our donations to eMasoyi
monthly.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have had due regard to the
commission’s public benefit guidance when
exercising any powers or duties to which
the guidance is relevant.
The trustees met four times during the
period. The Management Team receive
quarterly account summaries from the
treasurer. We received £3000 from Souter
Grant at the start of the financial year.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 Our policy on grant-making is to discuss
with eMasoyi the funds that Masoyi Trust
UK have available and find out eMasoyi’s
priorities. The Masoyi Trust UK trustees
and management team then decide how
the grant should be applied. We set
widely-defined categories to give the
Project staff more flexibility and the chance
to respond to changes on the ground
without having to refer to us in
advance. During the first quarter of this
reporting period the responsibility of
Treasurer was passed over from Dale
Aitken to Logan Black. There was a
thorough hand over process and Logan
keeps the Management Team informed
throughout the year.
Policy on social investment
including program related
investment		 Para 1.38 n/a
Contribution made by
volunteers		 Para 1.38 During the reporting period we had two
members of our Management Team who
supported the overall running of the charity
but who are not Trustees. One of these
volunteers is our Treasurer who oversees
the budget and accounts and has overall
financial responsibility for the charity. The
second volunteer keeps a list of all of the
Charity’s policies and procedures and
keeps track of when these need reviewing
and/or updating.
Other

Achievements and Performance

SORP reference

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 To make presentations to interested
groups.
To keep our supporters and other
interested people informed of our, and
eMasoyi’s, activities, by email and other
media outlets.
To raise over £22,000 in donations plus gift
aid and £3,000 in grant funding.
To fund the relief of hunger; the delivery of
peer education; transport and admin. costs;

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 During the period, our principal sources of
income have been:
One-off but regular donations;
Church donations;
Regular donations
Coffee morning fundraiser in October 22
These funds less bank charges, which was
£0 this year, have enabled Masoyi Trust
UK to send the funds to eMasoyi to
maintain its activities as described above,
particularly to help them to meet rising
inflation costs.
Up to 2% of income is allocated to fund-
raising and marketing. We used £43 of the
agreed allocation.
Performance of fundraising
activities against objectives
set		 Para 1.41 We do not set objectives for fundraising.
Investment performance
against objectives		 Para 1.41 n/a
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of year, we had £7814 in our
account. £5000 of this is restricted funds
for a new house. It has not been spent yet
due to staff changes in administration. The
due diligence on the new housing volunteer
is taking more time than expected however,
the team are planning an in person visit in
October 2023 and hope to have this
resolved by the end of the trip.
Communication has been maintained with
the donor of the restricted house funds and
they are happy with the process.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Our policy is not to have reserves, but to
make grants as soon as an agreed
proposal is in place.
Amount of reserves held Para 1.22 £0
Reasons for holding zero
reserves		 Para 1.22 Other than the aforementioned delay
regarding the restricted house funds we do
not believe in holding on to unspent
income, particularly when there are
immediate needs identified by eMasoyi.
Further as a small charity we only just
generate enough income to cover our
agreed budget each month. We mitigate
the risk by keeping a close eye on our
income and communicating with eMasoyi
on a regular basis.
Details of fund materially in
deficit		 Para 1.24 £0
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 We are always conscious that to keep the
charity going forward we need people
resources, continued donations and
general interest and support from
individuals and churches.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 One-off but regular donations;
Church donations;
Regular donations
Ad-hoc fundraisers
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 n/a
A description of the principal
risks facing the charity		 Para 1.46 As a small charity we believe the risks are
low. The principal risk facing the charity is
lack of income and financial sustainability.

The trustees of Masoyi Trust UK are fully committed to, and responsible for, Risk Management in accordance with the Risk Management Policy of MTUK, in order to maintain the lowest risk possible within the operations of the Trust. The Risk Management Policy describes the process of risk assessment and the way in which risks are identified and managed. Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointed by existing Trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 All new Trustees will be given a copy of the
Trust Deed and be asked to sign a Code of
Conduct.
We are looking to develop an induction
pack for new Trustees.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The charity is managed by a team of
Trustees, alongside volunteers, who make
up the management team. The
management team as a collective are
responsible for decision making and the
overall running of the charity.
Relationship with any related
parties		 Para 1.51 The charity has a strong relationship with
eMasoyi Community Development
Foundation, for whom the charity solely
raises support and funds, and for whom the
Charity solely sends funds to. We have
implemented a Partnership Agreement to
solidify our relationship and outline our
roles and responsibilities in writing. We will
be looking to review this in the next
financial year with our partners to ensure
the document is relevant and up to date.
Other

Reference and Administrative details

Charity name Masoyi Trust UK
Other name the charity uses
Registered charity number 1167595

Charity’s principal address Masoyi Trust (UK), 45a Ardsley Road, Chesterfield, S40 4DG

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Dale Aitken
Matt Aitken Chair
Fiona Black Secretary

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Fiona Black

Secretary
25thSeptember 2023
25thSeptember 2023
Masoyi Trust (UK) Masoyi Trust (UK) Masoyi Trust (UK) 1167595 1167595 1167595 CC16a
Receipts and payments accounts
For the period
from		 06-Apr-22 To 05-Apr-23
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the
nearest £
£ 15,592
£ 2,333
£ 1,034
£ 18,959
£ -
£ -
£ -
£ 18,959
£ 16,785
£ 43
£ 16,828
£ -
£ -
£ -
£ 16,828
£ 2,130
£ -
£ 277
£ 2,407		 Restricted funds
to the nearest £
£5,750
£3,000
£ 132
£ 8,882
£ -
£ -
£ -
£ 8,882
£ 3,547
£ 3,547
£ -
£ -
£ -
£ 3,547
£ 5,335
£ -
£ 72
£ 5,407		 Endowment
funds
to the nearest
£
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -		 Total funds
to the nearest
£
£ 21,342
£3,000
£ 2,333
£ -
£ 1,166
£ -
£ -
£ -
£ 27,841
£ -
£ -
£ -
£ 27,841
£ 20,332
£ -
£ 43
£ -
£ -
£ -
£ -
£ -
£ -
£ 20,375
£ -
£ -
£ -
£ 20,375
£ 7,465		 Last year
to the
nearest £
Bank donations **£ 15,592 ** £ 17,410
Grants £ -
Gift Aid £ 2,333 **£ 2,731 **
Online £ 755
Cash **£ 1,034 ** £ 1,189
Marketing £ -
£ -
£ -
Sub total(Gross income for
AR)		 £ 18,959 £ 22,085
A2 Asset and investment
sales, (see table).
None £ -
£ - £ -
Sub total £ - £ -
Total receipts
A3 Payments
£ 22,085
Donations to eMasoyi £ 16,785 £ 27,431
Bank charges £ -
Marketing £ 43 £ 36
£ -
£ -
£ -
£ -
£ -
£ -
**Sub total ** £ 16,828 £ 27,467
A4 Asset and investment
purchases, (see table)
None £ -
£ -
**Sub total ** £ - £ -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
£ 27,467
£ 2,130 £ 5,335 £ - £ 7,465 -£ 5,382
£ - £ - £ - £ - £ -
£ 277 £ 72 £ - £ 348 £ -
£ 2,407 £ 5,407 £ - £ 7,814 -£ 5,382

CCXX R1 accounts (SS)

10/11/2023

1

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 None
Details
Bank current account
Cash
Details
Total cash funds
(agree balances with receipts and
payments account(s))
None
Details
Details
None
Details
None		 Unrestricted
funds
to nearest £
£ 2,407
£ -
£ -
£ 2,407
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to
which asset
belongs
Fund to
which asset
belongs
Fund to
which liability
relates		 Restricted
funds
to nearest £
£ 5,407
£ -
£ -
£ 5,407
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost
(optional)
-
-
-
-
-
Cost
(optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-		 Endowment
funds
to nearest £
£ -
£ -
£ -
£ -
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current
value
(optional)
-
-
-
-
-
Current
value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
None -
-
-
-
-

Date of 10/11/2023approval

Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS)

Signature

Print Name

2

CCXX R3 accounts ISSI 1011112023

CHARITY COMMISSION FOR ENGLAND WALES Independent examinerfs report on the accounts Section A Independe¥)t Examiner's Report Report to the trustms Masoyi Trust (UKI On accounts for the year ended 05 A 2023 Charlty no Ilf any) 1167595 S•t out on page• I report to the trustees on my examination of the ac(x)unts ol the above chkn Tfusf) forthe year ended 0510412023. Responslbllltles and b4818 of r•wt As the chaws tru8te88. you are responsible for the preparats'on of the accounts in accordance with the Wu[rery￿ts of the Charities Act 2011 (Ihe Ad.). I report in respect of my examination of the Tru8t's accounts carried out under section 145 of the 2011 Act and in carying oui my examination, I have followed all the awicable Direth'ons given by the Charity Commission under sedion 145{5Mb) of the ACL Independent The tharfty's gross income ex¢e8d8d £25,000 and l am qualified to examlner's ststement undertake the exarn1nakn.¢￿ by beirKJ a qualffied member Charter8d Instltute of Man4ement A{t￿nI&lts (CIMA) I have coned my examination. I corffirm that rK materfal matter5 have come to my atention in connectson with the examinab'on (other than that di8dosed bekMI ') which ￿VeS n cause to believe IhAt in. any Matèrial Ihe a¢xo(K)ling records wefe ncrt kapt in accofdanc8 with 8econ 130 of the Charities Act.. or the a(uunts did not ￿(d wilh the ac￿)untIng re￿rdS,. or the xcounts did rK)t COFrWy with the applicatAe requireffÉnts conceming Ihe form and ￿ntent of wxounts set out in the Chaiities (ACCI￿nIS and Re￿rts) Regulations 2008 other than any requirement that the accounts give a 1rue and faif view which is not a matter COn8th￿ as part ot an irmdependenl examlnation. I have rK> con(ms have come &ross no othèr matters in conneLXion ith the examin'cn lo which attention should be drawn in this report in order to enable a proper understanding of the ac￿unt3 to be rethd. . Please ¢lete Ihe in the brad(ets rflhey do not apply. Slgned: r Date: 1819123 Name: Christine Vwgh Rolevant Pfof•sslonal , ACMA qualificatlonls) or boty IER Oct 2018

(rf any): Addrnss: Tall Trees. Park Road Leek, Staffordshire ST13 8JS Section B Disclosure Only complete if the exaftNnec needs to h￿hlIght material matters of concern (see CC32, Independent examinatvJn of charity a¢￿unts. directions and gUid￿￿e for 8￿rr*nets). Glvo h•rn brfef dgtalls of any Stsms thatthe examln•r wlshH dlscloso. IER Oct 2018