# **CHARITY REGISTRATION NUMBER 1177645 MYMALAWI**
**FINANCIAL STATEMENTS 31 AUGUST 2023**
## **MYMALAWI**
## **FINANCIAL STATEMENTS PERIOD TO 31 AUGUST 2023 CONTENTS PAGE**
|Trustees Annual Report|1-3|
|---|---|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes|7-9|
## **MYMALAWI**
## **TRUSTEES ANNUAL REPORT PERIOD TO 31 AUGUST 2023**
The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 AUGUST 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** MYMALAWI
## **CHARITY REGISTRATION number** 1177645
**Registered office:** 18 STOUGHTON DRIVE NORTH, LEICESTER, LE5 5UB
## **THE Trustees**
The Trustees who served the charity during the period were as follows: SALIM HAROON ALIMOHAMED ANAS ISMAIL KASAK SHAKEEL OSMAN SABINA SALIM ALIMOHAMED
## **Charity advisors**
Fusion Accounting Ltd 398A East Park Road, Leicester, LE5 5HH
## **Independent Examiners**
Ryalls HMB Ltd 97 Evington Drive, Leicester, Leicestershire, LE5 5PH
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
MYMALAWI is a Charitable Incorporated Organisation (CIO) governed by constitution and registered with the Charity Commission on the 21st of March 2018.
## **OBJECTIVES AND ACTIVITIES**
The objectives of the organisation, as set out in its governing document are:
- (i) To relieve financial hardship, distress and suffering among poor people, victims of natural and man-made disasters and other people in need by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of food, clean water, clothing, water irrigation systems and livelihood programmes for the benefit of the said persons;
- (ii) To advance education for the benefit of the poor, the illiterate and the general public by means of, but not exclusively, the provision or assistance in the provision of educational resources, equipment, activities and facilities, such as schools, libraries, training centres and scholarships;
- (iii) To relieve sickness and to preserve good health among persons in need, by means of, but not exclusively, the provision or assistance in the provision of facilities such as testing and treatment centres and clinics for the benefit of the said persons;
- (iv) To advance the religion of Islam, by means of, but not exclusively, provision or assistance in the provision of facilities for Islamic education in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad (peace and blessings be upon him).
**- 1 –**
## **MYMALAWI TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 AUGUST 2023**
## **ACHIEVEMENTS AND PERFORMANCE**
During the year, MYMALAWI has successfully delivered a programme of supporting the poor and victims of natural disasters primarily in Malawi and Turkey. The charity responded to the devastating earthquake in Turkey by providing emergency aid and shelters for those that became destitute. This included 46 container houses with relatively low build cost. The charity installed playground equipment in poor rural areas in Malawi benefitting hundreds of children. During the year, the charity also distributed blankets and food packs for those in poverty benefitting over 5,000 families. Additionally, the charity supported the Wheels to Heals charity with a grant to pay for wheelchairs for disabled persons.
## **PUBLIC BENEFIT STATEMENT**
The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is meeting an identifiable need among needy. The trustees have benefitted many needy individuals and families and has helped them to alleviate their financial needs in times of desperation.
## **GRANT MAKING POLICY**
The charity gives grants to the poor and victims of natural disasters. Poor families are eligible for grants if they are able to provide confirmation of poverty or hardship, which is based on their area of residence, state of accommodation (if any), employment or income levels and number of dependents. Victims of natural disasters are eligible based on their residence in a disaster zone and them not having the means to sustain their basic needs such as shelter.
## **FINANCIAL REVIEW**
MYMALAWI had secured funds from public donors and grant makers for their activities totalling £416,616 (2022: £168,739) during the year. This level of income was mainly due to the profile increasing of the charity and more charities recognising our grassroots projects working directly with the needy persons in Malawi as well as the appeal to respond to the Earthquake in Turkey. We are grateful for their kind support. The grants and donations were a combination of Zakaat, Sadaqah, Lillah, Kaffarah and Fidya money. During the year, the charity was able to deliver the projects for grant makers and had a total expenditure of £435,294 (2022: £146,947). Of this, £427,122 were grants for charitable activities. This generated a deficit of £18,678 which was met with prior year surpluses. The charity had unrestricted reserves of £20,573 at the end of the year, of which the charity intends to retain £2,000 for administration costs. The charity maintains a 100% donation policy for all non-Lillah funds and only uses Lillah funds to cover administration costs.
## **PLANS FOR FUTURE PERIODS**
Future plans are to continue to run poverty relief projects in Malawi and other parts of the world as and when the need arises.
- **2 -**
MYMALAWI
TRUSTEES ANNUAL REPORT
PERIOD TO 31 AUGUST 2023
RESPONS181LrriES OF THE TRUSTEES
The charity s trustees are responsible lof preparing the Trustees Annu81 Rewrt and the financial
statements in aGcordan¢e with appiicabbe law and Unrted KiThJdom Accounting Standards (Unrted
Kingdom Generally Ac¢epted AcCntIng PraCte).
The k8w applicab charitles kn England WKI Wales requires the trustees prepare financial
statements for each linancial which give a Iru8 and lair view of the state of affairs ol ihe charity
and ol the In¢11ng reswrces arml applKation of resources ol the charity lor Ihat perKMJ. In preparkng
Ihese fmanoal slalements. the trustees are required lo:
sek8ci suitable accounting pokies and then appty them ccmsistentW.
obseNe the meihchys and principles n Ihe Charrties SORP:
make judgements and estimates that are rea%)nable and pwdent;
stale wheiher applKabbe accountsng starmjards have been lolk)wed. subject to any materHI
depanures discbsed arKI explai1 In Ihe finanoal statements:
prepare the linancrdl siaiem8nts on the gong Concem basis untess it is niappfopriate to
presume that the Lthanty will contsnue in operalion.
The truste85 are responsble lor keepw)g proper &Unt]J records that dwlose with reasonable
acctsracy al any time linancial positDn of t charty and enable them to ensure thal the tinancial
statements comply wrth the ChantS Act 1993 and the Charity (Accounts arKI Reports) RegulatlS
2008. The trustees are also responsib for sateguarding the assets of the charty and hence for takg
ieasonable sleps for the preventi and deteCtn of Iraud and other irregularities.
APPROVAL
The report was approved by the Trustees 20105r2024
And sgn8d on their behall by
Mr. Salwn H Alynthamed
Chairman
MYMALAWI
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
I report to the charity trUeeS on my examination of the accounts of the Charity for the year ended
31. August 2023.
Responsibilities and basis of report
The charitys trustees are responsible for the preparation of the acc4)unts. The charTty's trustees
consider that an audit is not required for this year under section 144 of the Charities Act 2011 1.the
Chaiities Acf) and that an w)dependent exaMinatn is suffiaent for exlemal sautiny.
It is my responsibilty to=
examine the acLounts under section 145 of the Charlties Acl.
lo follow the procedurES laid down in the general DirectnS gNen by the Charity
Commission (under secbon 14515)(b) of the Charities Act, and
to state whether part[lar matters have come to my attenn
Basis of independent examlnefs statement
My examinalion was caffred out rn accordance 1th general Directions given by the Charity
Commission. An examination indudes a review of the accounting records kept by the chaiity and a
comparison of the accounts presented with those records. It also includes consideratKJn of any
unusual items or disdosures in the aco)unls, and seeking explanations from the tNstees conceming
any suth matters. The procEdures undertaken do not provide all the evidence that would be required
in an audi( and consequentty no opinion is given as to vthether the accounts present a Irue and fairf
view and the report is limtled to those matters set out in the statement below.
Indepondent examlnerfs statement
In connection with my examination, no material Matte have o)me to my attention which gives me
cause to believe that ii, any material respect..
the accounting records were not kept in accordance with seciion 130 of the Chatities Act; or
the accounts did not a(£or¥J with the accounkn'ng records; or
the accounts did not compty wrth the applicable requirements concerning the fomi and
content of auntS set out in Ihe Charities (Accounts and Reports) Regulations 2(K)8 other
than any requiremenl Ihat the a(xounts give a Irue and farf view vknich is not a matter
considered as part of an independenl examination.
I have come across no other matters in )nnectIOn with the examination lo which attenlK)n should be
drawn in this report in order to enabte a proper underslanding of the accounts to be reached.
Zubair Sidat FCCA
Ryalls HMB Ltd
Chartered CertIfd Accountants
97 Evington Drive, Leicester. LE5 SPH
2010512024
## **MYMALAWI**
## **STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 AUGUST 2023**
|||||**Total Funds**||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Period to**|**_Total_**|
|||**Funds**
|**Funds**|**31 Aug 23**|**_31 Aug 22_**|
||**Note**|**£**|**£**|**£**|**£**|
|**INCOME from**||||||
|donations and legacies|
**2**|**104,271**|**312,345**|**416,616**|**_168,739_**|
|charitable activities||||||
|other trading activity||||||
|Investment income||||||
|Other income||||||
|**Total**||**104,271**|**312,345**|**416,616**|**_168,739_**|
|**EXPENDITURE**||||||
|on raising funds||**-**|**-**|**-**|**_-_**|
|charitable activities|**3**|**121,849**|**312,345**|**434,194**|**_146,197_**|
|other expenditure|**4**|**1,100**|**-**|**1,100**|**_750_**|
|**Total**||**122,949**|**312,345**|**435,294**|**_146,947_**|
|Net Income before Tax||**(18,678)**|**-**|**(18,678)**|**_21,792_**|
|Tax payable||**-**|**-**|||
|Net income after Tax||**(18,678)**|**-**|**(18,678)**|**_21,792_**|
|Net gains/losses on assets||||||
|
**NET DEFECIT**||**(18,678)**|**-**|**(18,678)**|**_21,792_**|
|Transfers between funds||||||
|||**-**|**-**|**-**|**_-_**|
|Net movement in funds||||||
|||**-**|**-**|**-**|**_-_**|
|**Reconciliation of funds**||||||
|Total funds brought forward||**39,251**|**-**|**39,251**|**_17,459_**|
|**Total funds carried**||**20,573**|**-**|**20,573**|**_39,251_**|
|**forward**||||||
**-5-**
MYMALAWI
BALANCE SHEEr
PERIOD TO 31 AUGUST 2023
Total Fund•
P•rlod to
Total
31 23 31 Aug22
Unrestrl¢t•d Rostrlct•d
Funds
Funds
CURRENT ASSErs
Cash n hand and bank
26,183
26,183
44,501
Total
26.183
26,183
44A01
UABILrriES
CredIrn lalling within 6
one year
5,610
5250
Net current assets
39251
Totsl assets *ss currnni
39251
Tolal Nol Assets
39251
Tho funds of the chartty
Unrestricted lunds
Restncted funds
39251
Total
39,251
These ac¢0
£ appr(wed by the TruSeS 20105r2024
and are siwed
their behall by.
Mr. Salln H Alwnohamed
Chairynan
CHARiff REGISTRATION Number.. 1 IT1645
## **MYMALAWI**
## **NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 AUGUST 2023**
## **1. ACCOUNTING POLICIES**
## **a) Basis of accounting**
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 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 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The new accounting policies are relevant to the size and nature of the charity's income for the period.
The change in accounting policy from Receipts and Payments basis to Accrual basis was needed as the income exceeded £250,000 for the period. This has only resulted in minor nonmaterial differences arising. As such no requirement to restate prior or current year figures has arisen.
The charity constitutes a public benefit entity as defined by FRS 102.
## **b) Fund accounting**
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities.
## **c) Incoming resources**
Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
## **d) Resources expended**
Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment.
Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
**-7-**
## **MYMALAWI**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 AUGUST 2023**
## **2. DONATION & LEGACIES – BY FUND TYPE**
||**Unrestricted**|**Restricted**|**Total Funds**|**_Total_**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2023**|**_2022_**|
||**£**|**£**|**£**|**£**|
|Donations|77,211|210,645|**287,856**|**168,739**|
|Grants from charities|27,060|101,700|**128,760**|**-**|
|**Total**|**104,271**|**312,345**|**416,616**|**168,739**|
## **3. EXPENDITURE - Charitable Activities**
Grants making is primarily undertaken by the charity field representative or partner charities in areas of benefit. The analysis below is broken down in countries of operation.
|||**Unrestricted Restricted**|**Unrestricted Restricted**|**Total Funds**|**_Total_**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2023**|**_2022_**|
|||**£**|**£**|**£**|**£**|
||Grants - Malawi 114,777||130,100|**244,877**|**129,841**|
||Grants - Turkey -||182,245|**182,245**|**-**|
||Grants – Pakistan -||-|**-**|**3,714**|
||Travel & Freight Costs|5,687|-|**5,687**|**12,280**|
||Stationery & Sundries|894|-|**894**|**287**|
||Bank Charges|481|-|**481**|**75**|
||**________**||**_______**|**_______**
|**_______**|
|**TOTAL**|**121,839**||**312,345**|**434,184**
|**146,197**|
|**4. EXPENDITURE – Other Expenditure**||||||
|||**Unrestricted Restricted**||**Total Funds**|**_Total_**|
|||**Funds**|**Funds**|**2023**|**_2022_**|
|||**£**|**£**|**£**|**£**|
|**Governance Costs**||||||
|Accountancy Fees||1,110|-|1,110|750|
|||**_____**|**____**|**_____**|**____**|
|**TOTAL**||**1,110**|**-**|**1,110**|**750**|
**-8-**
## **MYMALAWI**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 AUGUST 2023**
## **5. Staff Disclosures**
No staff costs incurred during the period.
Total number of staff employed during the period is 0.
## **6. LIABILITIES: Amounts falling due within one year**
**£ Trade creditors** Accountancy & Examination Fees for 2021 750 Accountancy & Examination Fees for 2022 750 Accountancy & Examination Fees for 2023 1,110 Loan given by S Alimohamed 3,000 ==== **TOTAL 5,610**
## **7. CONNECTED PARTY TRANSACTIONS**
There were no payments made to any trustee or connected person during the period for any remuneration or expenses. A loan of £3,000 was due to trustee S Alimahomed at the end of the period.
**- 9 -**