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2022-12-31-accounts

Management Report

Malawi Student Foundation For the period ended 31 December 2022

Prepared on

27 October 2023

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

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For the Period Ended 31 December 2022

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 at 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 2022, Malawi Student Foundation provided scholarships to 3 students at various university bodies in Malawi covering university fees, laptops and monthly stipends as follows:

We are further pleased to report that three students (Maxwell Mpapa, Emmanuel Ngozo and Brighton Tseka) successfully completed their degrees during this period and became the first in their families to obtain a university education and degree. They are now all in various jobs at interim or permanent levels in Malawi.

This brings the total of successful university students on our programme to eight. None of our students dropped out of college during this period. The Foundation is satisfying its objectives, although 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 £1,100 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 £1,000 annually (new level).

We are 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 year end the Foundation held unrestricted funds of £857.

Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232

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For the Period Ended 31 December 2022

In 2023 we will continue seeking 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 were re-appointed in 2022.

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

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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 2022

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 October 2023 Signature:

…………………………………………

Full name: Dr Manila Wisten Position: Trustee Date: 27 October 2023 Signature:

……………………………………….

Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232

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For the Period Ended 31 December 2022

Malawi Student Foundation Malawi Student Foundation Malawi Student Foundation Malawi Student Foundation Malawi Student Foundation 1179232 1179232 CC16a
Receipts andpayments accounts
For the period
from		 01/01/2022 To 31/12/2022
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
- - - - -
Donations2022 1,100 - - 1,100 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 1,100 - - 1,100 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 1,100 - - 1,100 -
A3 Payments
- - - - -
Malawi student fees and stipends 1,000 - - 1,000 -
Emmanuel Ngozo, Maxwell Mpapa, Mussa
Flezer		 - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** 1,000 - - 1,000 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
Totalpayments 1,000 - - 1,000 -
Net of receipts/(payments) 100 - - 100 -
A5 Transfers between funds - - - - -
A6 Cash funds lastyear end - - - - -
Cash funds thisyear end 100 - - 100 -

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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 2022

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

Categories Details Details Details Unrestricted
funds		 Restricted
funds		 Endowment
funds
to nearest £ to nearest £ to nearest £
B1 Cash funds 857 - -
- - -
- - -
Total cash funds 857 - -
(agree balances with receipts and payments
account(s))		 Agreement Error OK
Unrestricted
funds		 Restricted
funds		 Endowment
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		 - -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name Date of
approval
Angela Wisten 27/10/2023
Manila Wisten 27/10/2023

Malawi Student Foundation, 44 Kennett Drive, Bredbury, Stockport, SK6 2GA. Registered in England and Wales as Charity No 1179232

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