Management Report
Malawi Student Foundation For the period ended 31 December 2021
Prepared on 27 September 2022
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
Table of Contents
Objectives and Activities ............................................................................................................................................................................... 3 Achievements and Performance ................................................................................................................................................................ 3 Financial Review ............................................................................................................................................................................................... 3 Structure, Governance and Management ............................................................................................................................................... 4 Reference and Administrative Details ..................................................................................................................................................... 4 Declaration .......................................................................................................................................................................................................... 5
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
/7
For the Period Ended 31 December 2021
Objectives and Activities
Malawi Student Foundation was established to provide scholarships and grants to students at universities in Malawi. These are students who are either in danger of dropping out of university because of financial difficulties or are unable to attend university in the first place, though selected, because of poverty. The Foundation also provides limited assistance to other students are high school level.
We confirm that the trustees have had regard to the guidance issued by the Charity Commission on public benefit. The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and in planning future activities and setting scholarship policy for the period.
Achievements and Performance
We are pleased that during the reporting period to 31 December 2021, Malawi Student Foundation provided scholarships to 5 students at various university bodies in Malawi covering university fees, laptops and monthly stipends as follows:
-
2 students at Malawi College of Medicine
-
1 student at Mzuzu University
-
1 student at Malawi Polytechnic
-
1 student at Chancellor College
We are further pleased to report that two students (Moses Kabanga and Christopher Chikazunga) successfully completed their degrees in medicine during this period and became the first in their families to obtain a university education and degree. The two new doctors are now working in government hospitals in Malawi.
This brings the total of successful university students on our programme to five. None of our students dropped out of college during this period. The Foundation is satisfying its objectives, but more effort is required to support students achieve their potential.
Financial Review
The Foundation’s work is entirely reliant on donations. For this reporting period the Foundation raised a total of £6,200 from unrestricted donations. In order to maintain and continue all of our project activities at a good level, the Foundation needs to raise at least £2,000 annually (new level).
We are pleased to report that, for the next reporting period, funds have already been pledged to cover the minimum annual fund. We are therefore confident that the organisation will carry out its full functions during the next reporting period.
It is the policy of the Foundation that unrestricted funds be maintained, wherever possible, at a level of at least £500. The Trustees consider that reserves at this level will ensure that the Foundation key basic activities while consideration is given to ways in which additional funds may be raised. At the
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
3/7
For the Period Ended 31 December 2021
year end the Foundation held unrestricted funds of £757.
In 2022 we will continue to seek to secure further funding from private donations, so that the Foundation can continue to provide a respectable number of scholarships in Malawi and therefore maintain its key project activities.
Structure, Governance and Management
Malawi Student Foundation is a registered Charitable Incorporated Organisation (CIO), charity number 1179232, and is governed by a Constitution dated 26[th] March 2018.
Every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
All trustees give of their time freely and no trustee remuneration was paid in the reporting period. Trustees are required to disclose all relevant interests and withdraw from decisions where a conflict of interest arises. Trustee, Dr Manila Wisten, is responsible for the day to day operations of the Charity.
Reference and Administrative Details
Charity name: Malawi Student Foundation Other name the charity uses: N/A Registered charity number: 1179232 Country of Registration: England & Wales Charity’s principal address: 44 Kennett Drive, Bredbury, Stockport, SK6 2GA Trustees: Angela Wisten (Chair) Yakosa Wisten Manila Wisten Email: manila.wisten@gmail.com
4/7
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
For the Period Ended 31 December 2021
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Full name: Angela Wisten Position: Trustee (Chair) Date: 27 September 2022 Signature:
…………………………………………
Full name: Dr Manila Wisten Position: Trustee Date: 27 September 2022 Signature:
……………………………………….
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
5/7
For the Period Ended 31 December 2021
| Charity Name | Charity Name | Charity Name | Charity Name | Charity Name | No (if any) | No (if any) | CC16a | ||
|---|---|---|---|---|---|---|---|---|---|
| Receipts and payments accounts | |||||||||
| For the period from |
Period start date | To | Period end date | ||||||
| 01/01/2021 | 31/12/2021 | ||||||||
Section A Receipts and payments
Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
|---|---|---|---|---|---|---|---|---|---|
| to the nearest £ |
to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Donations 2021 | 6,200 | - | - | 6,200 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for _AR) _ |
6,200 | - | - | 6,200 | - | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | - | - | - | ||||||
| - | - | - | - | - | |||||
| Sub total | - | - | - | - | - | ||||
| Total receipts | 6,200 | - | - | 6,200 | - | ||||
| A3 Payments | |||||||||
| Malawi student fees and stipends to December 2021 |
6,192 | - | - | 6,192 | - | ||||
| Moses Kabanga, Christopher Chikazunga, Emmanuel Ngozo, Maxwell Mpapa, Mussa Flezer |
- | - | - | - | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total | 6,192 | - | - | 6,192 | - | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| - | - | - | - | ||||||
| - | - | - | - | ||||||
| Sub total | - | - | - | - | - | ||||
| Total payments | 6,192 | - | - | 6,192 | - | ||||
| Net of receipts/(payments) | 8 | - | - | 8 | - | ||||
| A5 Transfers between funds | - | - | - | - | - | ||||
| A6 Cash funds last year end | - | - | - | - | - | ||||
| Cash funds thisyear end | 8 | - | - | 8 | - |
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
6/7
For the Period Ended 31 December 2021
Section B Statement of assets and liabilities at the end of the period
----- Start of picture text -----
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds 757 - -
- - -
- - -
Total cash funds 757 - -
(agree balances with receipts and payments
account(s)) Agreement Error OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which asset belongs Cost (optional) Current value (optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which asset belongs Cost (optional) Current value (optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on behalf of all the trustees Signature Print Name approvalDate of
Angela Wisten 27/09/2022
Manila Wisten 27/09/2022
----- End of picture text -----
Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232
----- Start of picture text -----
7/7
----- End of picture text -----