CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the perlod From 181 July 2023 To 30th June 2024 Charity name: The Capaclty Foundatlon Charlty reglstratlon number 1171338 Objectlves and Actlvlties SORP roferonca Summary of the purposes of the charlty a8 set out In Its govemlng document P•r• 1.17 a) The rell8f of poverty In Malawl by provldlng or ass18tlng In the provlslon of educatlon, tralnlng, healthcare projects and all the necessary support d68lgnod to enable Indlvlduals to generate a 8U8talnabl• Income and be s8lf4ufflclonl. b) For public boneflt. to advance educatlon, In partlcular, through rnsource tralnlng and Ilfe-long18arnlng so a8 to advance and promote capaclty In personal flnanclal managoment and buslness and flnanclal Iltsracy by developlng Indlvlduals. capabllltle8, competences, skllls and understandlng. c) To develop the capacity and skllls of the membors of a soclally and economocally dlsadvantaged community In such a way that they are better able to Identlfy, and help meet, thelr needs and to particlpate more fully In socle The Foundatlon works wlth a partner organlsatlon In Malawl, The Capaclty Foundation {Malawl)- TCF(M)- which is charlty reglstered wlth the Non. Governmental Organlsations Regulatlon Authorlty of Malawl {NGORA). TCF(M)'s objectlves are Identlcal to the Foundatlon's. Funds ralsed by the Foundation in the UK are transferred to TCF(M), whlch maintains its own bank accounts In Malawl and which producos Its own audlted accounts. One of the Summary of the main activities in relation to those purposes for the publlc benefit, in partlcular. the actlvities, projects or seNlces identified in the accounts. Para 1.17 and Foundation's Trustees, Stephen Maund, Is also a Trustse of TCF(M). TCF(M) runs the ground operatlon In Nkhata Bay. Malawi. and employs local staff to carry out the programmes: l. Provision of microloans to enable individuals and COwOP8ratives to start or grow small buslnesses. so achieving self4ufficiency and generating sustainable income: and provlslon of buslness skills and tralnlng courses to facilitate loan4akers' success In buslness. 2. Provlslon of adult Ilteracy and numeracy classes to enable members of the community to better participats in social dlscourse and to acquire relevant skills and competences. 3. Provlslon of Improved farnilng techniques including manufacture and use of organlc fertlllser, and malntenance of nlnetsen demonstratlon flelds. 4. Organisation and maintsnanco of nine youth clubs to better hamess young talent for the beneflt of the communlty through soclal actlvltles, po8t•school learning and awarenoss-ralslng of personal. family and health rès nslbllltles. The Trustees understand tho Charity Commission's guidance on publlc beneflL Statement confirming whether the trustees have had regard to the guldance issued by the Charity Commission on publlc benefit Para 1.18 Additional informatlon (optlonal) You ma choose to include furthpr statements where relevant about: SORP reference The Capaclty Foundatlon does not make or receive grants. Para 1.38 Policy on grant making A flfth of the proffts made by Indlvlduals and CO•operatSves recelvlng mlcroloans from TCF(M) are Contributed to a Social Actlon Fund (SAF) controlled by the local communlty In Nkhata Bay through Para 1.38 Policy on sodal Investment including program related investment the mechanism of a Malawi Government authorlsed Area Development Commltt88. The SAF Is used at the communlty's dlscretlon to Improve local Infrastructuro. Volunteers fundralse to help meetlng the Spending requlrements of the ground operation in Malawi. Para 1.38 Contrlbutlon made by volunteers other Achlevements and Performance SORP raferenr Tho Foundatlon's achlgvements are reflected In the achlevements of TCF(M), whlch the Foundatlon funds and wlth whlch It has Identlcal objectlves. 1. The Mlcroloans programme ha8 enablod over a hundred famllies to 5tsrt or grow small businesses, provldlng the famllles wlth 8UStainable Income and 8nabllng them to b•tter plan tholr futuro. 2. The Soclal Actlon Fund has enabled the communlty, through the locally- elected Area Development Committee, to fund Infrastructure Improvemants Includlng replacement of defectlve brfdges and culverts. Testlmony from the ADC Chair can be found at https:Ilcapacltyfoundatlon.orglabout- uslwhy4vere4lfferenUsoclal-actlon- fundl 3. The Farmlng Improvement Programme has coached thousands of families In the best farmlng technlques glven the type of soll conditions and avallable facilit188. TCF(M) works under the ausplces of Nkhata Ba Dlstrfct Councll's Summary ofthe maln achievements of the charity. idenlifying the dlff8rence the charity's work ha8 mad8 to the clrcumstances of Its ben8flclarfes and any wider benefits to soclety as a whole. P•ra 1,20 agrlculture departrnent to ensure that Malawl Government rules are belng adhered to. The programme Includes tralnlng In the manufacture of bokashl, an organlc fertlllser made largely from locally.found Ingredlonts: l)okashi greatly Improves the quallty of soil. and ylelds, and combats pests. 4. TCF(M)'s Capacity Academy enables adults who were unable to flnlsh school to read In Chlchewa (the natlonal language) and to achl8vo competsnce In mathematlcs. The Academy operatos under the ausplces of the Nkhata Bay Dlstrfct Councll's educatlon department, whlch Sets the examlnatlon8 and awards pass certlficate8. Students have to achlev6 a 75 /• pa88 mark In both Chlchewa and mathematocs to graduate; ov•r 800 poople havo done 5. TCF{M)'8 Youth Programme runs nlno Youth Clubs wlth a comblned attèndance In excess of 250 Indlvlduals. Tho clubs, oporatlng wlth the actlve support of Nkhata Bay Dlstrlct Councll's youth offlclal8, afford opportunltles to Improve 8k1118, to Slart small bu6lnesses, to soclallse, and to perfomi communlty servlce such as cl8anlng Ihe local h08pltal. e. The Capaclty Foundatlon's four Slgnaturn programmes, dellvernd by Its partner organlsatlon TCF(M), togother wlth th8 Soclal Actlon Fund, enable the charlty to work In all nrnent wlth Its ob ectlves. Addltlonal informatlon (optlonal) You ma choose to include further statements where relevant about: Achievements against objectlves set Para 1.41 Perfomiance of fundraising activities against obiectsves Para 1.41 Investment perfomiance against objeclives Para 1.41 Other Flnanclal Revlew Review of the charlty's financlal posltlon at the end of the period Pwa 1.21 Capaclty's Income durlng the perlod was £34,245 earned malnly from donatlons topped up by a sponsored walk. events run In supporters, homes, and the 8ale of craft Items al falr8. Expendlture totalled £26.006: the balance was malnty funds reserved spoclfically for the Mlcroloans Programme, whero the requlslte buslness skllls and tralnlng course had not been held. (rhe course was subsequently hold èarly In th8 foll¢)wlng flnanclal year and the fund• were released). Statement explalnlng the policy for holding reserves stating why they are held Parn 1.22 See above. para. 1.21. Amount of reserves held Pera 1.22 £9,981. Reasons for holdlng zero reserves Para 1.22 Not appllcable. Detalls of fund m8terlally In deflclt PAra 1.24 Not appllcable. Explanatlon of any uncertainties about the charity continulng as a golng concern P•ra 1.23 Capaclty Is In good oryanlsatlonal and flnanclal heafth and there are no concern8 rngardlng vlablllty. Addltlonal Inforniatlon (optlonal) You ma choose to include further statements where relevant about: The charlty's prlnclpal sources of funds (Includlng any fundraising) Parn 1.47 Investment pollcy and objectives including any social investrnent pollcy adopted Para 1.46 A description of the prlncipal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of Chari￿s trusts: Type of govemlng document Parn 125 Memorandum and Artlcles (trust deed, royal charter) How is the charity constituted? Parn 125 Unincorporated assoclatlon (e.g unincorporated assodadon. CIO) Trustee selectlon 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 Parn 125 The Trustees for the tlme belng recrult addttlonal Trustees based on achlevlng a broad range of relevant experlence across the Trustees as a whole. Current Trustees have been rncrulled by personal recommendatlon. Addltlonal Inforniatlon (optlonal) You ma choose to include further ststements where relevant about: Pollcles and procedures adopted for the Inductlon and tralnlng of trustses Parn 1.51 The charfty's organlsatlonal structure and any wlder network with whith the charlty works 1.51 Relationship wlth any related parties Pern I￿1 Other Reference and Administrative details Charity name The Capa(xty Foundalion Other name the chaiity uses Not applicable. Reglstered tharity number 1171338 Charitys principal address Brookjands Cottage. Ffordd-y-Bon( Pontybodkin CH7 4TS Names of the charlty trustses who manage the charfty (durlng 2023-24) Dates o¢t¢d11 not for wholo Trustse name Offlce {If any) Name of person (or body) entit10d olnt trustse ifan Eric Bowers George Maund Stephen Maund Richard Millar (Sarah Pratt) Martina Symes Lead Trustee (Appointed 08.11.2024) 10 11 12 13 14 15 16 17 18 19 20 Co orate trustees - names of the directors at the date the re DITedor name rtwasa Name of trustees holding title to property belonging to the charity Trustee name Dates acted If for whola year Funds held as custodian trustees on behalf of others Description of the assets None. held in this rApacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects None. Detsils of arrangements for safe custody and segregatlon of such assets from the charity's own assets Not applicable. Addltlonal Inf0m￿tIon (optlonal) Names and addres80s of advlsern (Optlonal Inforniatlon) Type of Namo Address advlsèr Name of chlef executlve or names of senlor staff members (Optlonal Infomiatlon) Exemptions from disclosure Reason for non-disclosure of ke ersonnel detsils The Capacity Foundatlon has no pald Staff. Other o tional informatlon Declarations The truste88 declarn that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnaturn(s) Full name(s) Po8ltlon (eg Seffetsry, Chalr. etc) Stephen Robert Maund Lead Trustee Date 8th March 2026 ftn IHARNY (OMm￿S1Cl1 VKWiDthDWAIE5 ui)datioi) 1171338 Receipts and payments accounts CC16a For the period from Section A Receipts and payments Unrestrlcted funds Restrlcted funds Endowment funds Total funds Last year to th• n•arast to tho noarwt £ to th• n•ar••t £ lo th• n•arnst £ tg ¢h• nojrost £ A1 Receipts Donations and simi&r receipt5 34,245 34,245 20.574 ross income or AR) 34,245 34,245 20,574 sse {see table). nves ent sa es, Total receipts 34,245 A3Pa ments Payments to support charitsblg •im$ 26,006 26,006 26,223 Sub total 26.006 26.006 26,223 A4 Asset and Investment urchases see table Sub total Total payments 26,006 Net of recelpts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds thls year end 9,981 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to n•arest £ Restricted funds to naarnst £ Endowment funds to n•arost £ Categories Details B1 Cash funds 9.981 Total cash funds 9,981 lawee %trilh rec*ipts and payments c4yJnrfsll Unrestrlcted funds to nearest £ Restrlctod funds to nearest £ Endowmont funds to nearest £ Details Fund to whlch •8S•t b•lon Detalls Co•t loptlonall Currant valu• tlonal Fund to whlch 888•t b•lon Co•t {optlonJl1 Current v•lue tlonal Detalls B4 Assets retained for the charlty's own use Fund to whlch relate• Amount du• tlonal Whèn dué tlon Det211s B5 Liabilities Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of roval STEPHEN MAUND ftn IHARNY (OMm￿S1Cl1 VKWiDthDWAIE5 ui)datioi) 1171338 Receipts and payments accounts CC16a For the period from Section A Receipts and payments Unrestrlcted funds Restrlcted funds Endowment funds Total funds Last year to th• n•arast to tho noarwt £ to th• n•ar••t £ lo th• n•arnst £ tg ¢h• nojrost £ A1 Receipts Donations and simi&r receipt5 34,245 34,245 20.574 ross income or AR) 34,245 34,245 20,574 sse {see table). nves ent sa es, Total receipts 34,245 A3Pa ments Payments to support charitsblg •im$ 26,006 26,006 26,223 Sub total 26.006 26.006 26,223 A4 Asset and Investment urchases see table Sub total Total payments 26,006 Net of recelpts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds thls year end 9,981 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to n•arest £ Restricted funds to naarnst £ Endowment funds to n•arost £ Categories Details B1 Cash funds 9.981 Total cash funds 9,981 lawee %trilh rec*ipts and payments c4yJnrfsll Unrestrlcted funds to nearest £ Restrlctod funds to nearest £ Endowmont funds to nearest £ Details Fund to whlch •8S•t b•lon Detalls Co•t loptlonall Currant valu• tlonal Fund to whlch 888•t b•lon Co•t {optlonJl1 Current v•lue tlonal Detalls B4 Assets retained for the charlty's own use Fund to whlch relate• Amount du• tlonal Whèn dué tlon Det211s B5 Liabilities Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of roval STEPHEN MAUND