SOUTHERN AFRICA LITERATURE TRUST 71-75 Shelton Street London WC2H 9JQ Annual Report and Financial Statements for the year I" October 2024 to 30 September 2025 th Registered Charity No 1181782 Company Registered No 11581132
SOUTHERN AFRICA LITERATURE TRUST Index to Financial Statements Title Page N Report of the Trustees Ind¢pendent Examiner's Report Balance Sheet Statement of Finallci Activiti¢5 Noles to the Accounts io-ii Page l of 11
SOUTHERN AFRICA LITEIL4TURE TRUST Report of the Trustees The tNstees, who att &0 direclors of the ¢hxrAty for the putP05e5 of the Companies Act 2006, present thexr report with the financial 51atements for the year ended 30° September 2025. The trustees have adooed the provisions of Accounting a[ Reporting by Charitie5 StattmeDi of RecommeTJded Practice applicable to charities pr¢parillg theit attoullts in accordance with the Financial ReFrf)rtsng Standard PApplicable in the UK and Republic of Ir¢IatMI (FRS 102) (¢ff¢dive l January 2015). OBJEcfivE AND AcfiviTIES Objective aims The Chariry's objectives are set out in its MeTn0[ll and Artieles of Association and are as follows: To advance the Christiall religion I particulatiy lyji exclusivety Central and Southern Afri¢4 for the benefjt of the public through the hOldg of ptayer meetin85. le¢ture4 public celebRiion of Teligious fcslivals pioducing an(VorIJi5tributg lire on Christianity ¢0 ¢nlighteD others about the Christianreligio anil 2). The relief and assistance of peopl¢ ID any part of the world who are the victims of war or nattDI disasters, trouble, 01 catasimph¢ particular by the PmViSiQD of grduts io charitsble Owdtiisatkons. How our actiwlties deliver public bellefit The trustees have paid due regard to guidance IS*d by the Charity Commis5iou in deciding wbat activill¢S tlje charity should undeM2ke. The trustees have c¢)mplied with their duty in Section 17 of the Ch111¢S ACÉ 2011 and have paid duc regard to guidancc publishL by (be Charity Commission regarding publi¢ benefIt. ACHIEVEMENT AND PERFORMANCE ChAritable activities Encouragemellts: l. Gospel lllteratur¢ Distribution The distiibution of Gospel Literatu continues to be thc corneIne of our work Duting the year. itents distributed brought the nmniDg total to approximatcly 22 million pi¢¢es. conwrising Gospel tracts. ¢alendaT5, Bible portions. and Bible SllKiy matcrials. This distribution ¢ffort is Carried by aroulld 400 volunteers operatii)g nationwide. The Twstees are particularly thallkful foi the strdtegic pamnersbip with Revival Movernent. alongside the faithhl financial support L)f the knd'5 people. This 5UPPOrt has enablcd the Trust io address shortfalls by comtnissioming commercial piiniing Wthin Malawi. DurinD the year, the T&1 &ld¢d six new Ckn"chewa tracts Éo its catalogu4 whiell have proved especially popular. 2. Bffible TeAchithg Colllereb)Ce The aJLnuai Bible Teachst)g Conference remains an imyjrtallt aspect oleqwpping and ¢n¢outaging lii¢rature éisiribution volullteers. while also serving local believers. The May 2025 conference was a particular ble55ints with 0nd 80 disttibulors atteThding alongside approxial¢lY 20 local believers. Truste were encouraoed by steady growth in the local assembly. Teaching covcred l TiothY during the F51 week and basic Dispellsdiional teach during the second w¢eL Feedback was excellcni, and the TNste¢s are encourdged to consider expthiug tlus millisiry. 3. Children's Ministrie5 At Saidi, aroutml 6(X) chilthen atteIed with varying reglllarily, USlDg Nthawi ya Baibulo materials a valuable pilol. Numerous sch(N)I visits were undertaken. often attended by elliire schoo15, lolEowed by cla5sri)om visits alld distribution of popular classroom pack5. Nthawi ya Baibulo was pilottd in 2024 and fully laullched in ihe first half of 2025. Around 1,000 group leaders were trdine(L approximately (A).IKJO lesson ixK)k]ets di5tribute4 athd elY f¢¢dback bas been v¢ry positive, with noticeable improvcments in Bible knowled¥e. Page 2 of 11
SOUTHERN AFRICA LITERATURE TRUST Report of the Trustees (Continued) 4. Emmams Ministry Progress contilled oll revising existing Chiclrn courses and expaTrdtllg the catslogu¢ througb tr?1tiOll of new titles, supporting oJJ8oing dI1p[eshlp. 5. Infr&4tructDre Following the suc¢ess of the 2025 Bible Teaching Conftrence, WO commenced on all 8(kbed dornytory proje¢t. SI cle2rdce began in Augusr 2025, aN5 footings were powed in September 2025. Trustees bekneve tlu"s deyeloprnent will bring long4crn? bwEfJt to the wo 6. Care & Relief The Tnle¢S ate thankful that there were no major cycloThes duttng the yezr. The TTh1 continued daily support for aTOllt 100 orphan refuge¢5 at Dzaleka and approximately 300 street children in Lilongwe. Local reliefretllaiued limitrd and targeted. 7. Govern•¢¢ & Strategy A Trustee WoIk5hop aud Retreat held in LitDavady April 2025 provided vatuablc time for reflectio tean building. and StragY development. Several Board CommiteS emerged from this process strengthening gov¢mallce. 8. Trusteeship During the year. Jim M¢M&ster stepped down a5 Trustee. and Carl Radcliffe was l£orned lo thc Board Trustees tonlinuc to seek to streDgthen goveTDatte capacity both in the UK at Malawi. 9. ChAllenges The Malawian ¢eonorny reainS under 5ever¢ strain. in¢luding foreign ex¢hsnge shortages. inflation esiimaied at 25-3/0, fvel 5hortage4 ad food in5ecwity. These factors continue to imwt njinisty logistics a[ cost5. 10. Opportunities Aithoush secularisation ts Malawi remaiA8 open io the G0SL Invesrment distributors and children's minisry is cxpected 10 deliversigwficaDt long-temi lyen¢fiL particuiatty with around half th¢ population under 18. I l. CoJ)clusioD De5Plte challenges, Trusttts ttnjain optiJ))islic. They express thep gTatiwd¢ for prayerfijl and practical support received during the ye. panicujarly from long-ttrtll supportets. Pagej of 11
SOUTHERN AFRICA LITERATURE TRUST Report of the Trustees (Continued) FINANCLIL REVIEW Financial positio Durin¥ the periiKi the charity r¢port¢d 8 (kficit of £11,898 (£45.753 su18 for 2241. the balance Sheet date the ¢iwily bad a SUTplus in fid8 of £84.316 (£96,214 at 2024), of wbicb £{213,872 ), {£1191.544) at 2024), w¢re restricted fiu*ts. Investment policy The Nqcmor8ndum and Articles give the InJste¢s the power to apply fid5 sn such a rnallner as they thillk fit of for the IKn¢fit of any of the ststed ¢haritable obje¢ts or lo invest funds Is perrnitted by the TnLSte Aci 2000. Reserves policy The tnleeS have examined the requirement for rr¢S Kn th¢ light of the main risks facillg the Charity. It is the policy of South¢rn Africa Literarurc Tnjst to Main]n fiLn(Ls at a level which allows the Charity operate in the lixhi of uAforeseencircumslance5. The t[leeS belie that the level of reserves the end of ttke financiat accounting peri(Ml are adequate to mecttb"ES policy. PLANS FOR FirruRE PERIODS Our very profitsble workshop in early 2025 identified sevcrnl key at¢a5 for development at Tntst¢e levcl. We will conlinue to broadcn and deepen our Truslee capaciiy. and develop a clear strategic plan. As part of this, th¢ Trustees have to PtiorAlis¢ cornpletion of th¢ plan1 dwnilory ac£ommodation at Saidi to facilitate Bible a¢bill and traitiittg of LitmbJre DistritorS and En)maus l NYB leAd¢rs. As we train leaders An tIK5e l1$trIeS, wc will continue to revise and ¢xpand the rel¢vant CUTti¢ul& Pa8c4of 11
SOUTHERN AFIUCA LITERATURE TRUST Report of the Trustees (Continued) STRUCTURE. GOVERf4ANCE AND MANAGELKENr Governing doeumettt The charily was iti¢orporated as a ¢ompaThy lirnited by guardntee otk 21° S*tnber 2018 at1 gained charitable sutus on 28 January 2019 fro which latter date tILe aclivilics of th¢ charity c4)mmenced. The company was established undei a Memorandum of Association which estsbli5hed the objttis and power5 of the charity and Is govcrncd uttdcr lis Anicles of As5(Kiation. In the even¢ of the Company being wound up. membeL3 requsred to contribute and amount Thrt ex¢e¢ding£lO. The trustees acting the year end and who served for the accou period were: Mr. Sieph¢n Haer Mrs. Agt5 Gail HJ Dr. Sardh Elizabeth Bot In¢ Hotall) R¢truitment and %ppoAlltmettt oltrnstees Members of the Boatd are appoitlted by a decision of the DireeÉon. Every Direclor Shall be appoiutcd for an iniiia] term of llp to ttrLree years and by illvitstion only. The pr(ws is as follows, eitherthe Chaimian or one of the directors wiLt ttke known to the other membus ofthe board wbo they propose. Aftercarefid tonsideration and an appropriate chat#¢ier refertn¢e, a unanimo5 agreement should be re2ched whcn the fsnal decision is made. In th¢ case of indecision. the matter will be given fiwthcr coThsiderdtiOn Urttil thc next B¢)ard meeting. At each annual general mccting otle-third of the dIrecr$ or, if their nu[ is noi three or a multiple of three, the numiKr neatest to one-third. must retire from office a1 offer rhem-selv¢s for re<lectioTh. Organisational strueture Trustces. meetings are held each month either with th¢ trste&S meeting in p¢rson or by inteinet communication. Having regard to th¢ Size atMI activities of the ¢batiiy, our expetitnce has been that the company's busin¢s5 has been ddequately deali with at the moththty Eetirt. Minutes are prepare4 ¢ir¢ulated and adat subsequent ettings. Induction and iraining of trn5t¢es If a new board rnember is appointe4 they will be provilkd with all In(th¢t1¢ pack outlining th¢ duties and rcsponsibilities of their role and additional infornhaiion as regards to the Ciwity. DBS clearance is a prerequisite. Risk Mamagement The tru5tee5 ieview the major risks to the cbarity on an ongoing b&si5. Sigllificant external risks are funding and cxJxn<bture. Procedures ate in place to ensure wmpliaDce of health aod safety regulations and safegrding for voluttteers. leaders aod the¢s. Page 5 of 11
SOUTHEIIN AFRICA LITERATURE TRUST Report of the Trustees (Continued) REFERENCE AND ADMINISTRATIVE DETAIIS Registered Comp4my rnber 11581132 (England and Wales) Registered Cbarity number 1181782 Registered office 71-75 Shelton St¥ee4 London England WC2H 9JQ Trustees Mr. Stephen Harper Mts. Agnes Gail Hatper Mr. Jamcs David Mcmaster (to 19 May 2025) Dr. Sarah Elizabeth BoDd Mr. Carl RadclJffe11 May 2025) Tndependcni ExaIller J Ro8ets. FCA Phelan & Prescott Chatttied Accountants River House Home Avenue Newry, Co Down BT34 2DL Bankers HSBC UK Belfast Royal Avenue 25-29 Royal Avenue Belfast BTI IFB This report has been prepared in accordance with the st21 provi5ioDs of Part 15 of Companies Act 2006 relating to small comwi¢s. Approv¢d by order of th¢ b¢)ard of trustres on I I ,. yF026 and signed oll its behalf by Mr Stepben Harper On behalf ofthe Trustees of Southern Africa Literature Trwst Page 6 of 11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF soirrHERIY AFRICA LrrERATURE TRUST For th¢ period eDded 311th September 2025 Independent Exaler,5 Report to the trwtee5 of Sollthern AfTiea Llterature Trwit I report to the charity trusttts on tny examination of the accounts of the COpaThY for th¢ aecounting F¢ri(yJ Ended 30 September 2025. Responsibilities b%is of report As the chaTity tAle¢S of the Cottlpany (alld also Its dirwtors for the wosc of colllpany lawl. you are responsible for the prepthiion of the accoullls in aCrdse with the requirements of the Companies Act 2006 {'Ihe 2006 Aol"). Having salisfi¢d rnyself that the ac¢¢)uots of the COMnY ar¢ noi required io Fk aUdid under Part 16 of th¢ 2006 Act and are etigible for sThlcpendentexaminatioN I report in rcspectof my examination olyour clwity's accounts carried out under %clion 145 of thc Charitics Act 2011 [he 2011 ACY.). In CaErying out my exam1rlI0ll I have follow the Directions given by the ChaTity Commissioll under se¢Lion 145(51(bl of the 2011 Act. Independent examiner's St¥ttment J havc completed my exarninion. I CODfirn) that Ju) mattets have co to llly att¢lltion in comiection with the ¢xaminatioJ givillg cause co believe.. accountin8 record5 wer¢ not kept in rEspect of th¢ Cottwany as r¢quired by se¢cion 386 olthe 26 Act,. OT 2. the a¢coullts do not attord with those rttords: or 3. the account5 do not eornply with the aOunting requirements of section 396 of the 20Q6 Act other thaTh any rcquirement that thc a¢cowLts give a e aThl fair view whicb is not a lltter consi(krEd as part of an independeni examination". or the cOuntS h&Ye Dot been prep3r¢d in ac¢ordan¢e with tbe meth(wJs and principles of the Statement oIRccommended Prdctice for 0tillg ad reporting by chItIeS (applicable to ¢harities preparing their accounts in &cordan with tbe Financiaj Rq)orting Standard applicabl¢ in the UK and Republic of Ireland (FRS1021). I have no Concerns and have come acr05S oth¢r mattets in connection with the ¢Ka[ThitiOrt to which attention Should be drawn in this report in orderto enable aproper undus(andingof the accounts to beath Jeff Rogers, FCA Chartered Accountsnt Phelan & Prescott Chartered Accountant River House. HoTne Avue Newry. Co liown BT34 2DL Date.. I I" May 2026 Page7of 11
sourHERN AFRICA IifERATURE TRUST Balance Sheet as at 30 September 2025 2025 2024 FIXED ASSETS orrice Equipmcnt, at cost Less depreciation 530 418 139 CURREPa ASSETS Debto Loan- Harold Makawa Ca5b ai Baok and in Harml 8J06 9,475 5.639 9,475 £91 £96 203 CURRENT LIABILITIES Sullty Accruals -£128 Net Current Awts 21J4 9A075 Total Aets less Current Li&bilities 84J16 96214 Total Ntt Assets FUNDS OF T1 CHARITY Unrestri¢¢ed Fun Restricted Funds {Nrf<4) 298,188 {21JJ72) 287.758 1191.544) Tot Fun( The chan"table ¢ompaDy i5 cntitled to ex¢mption from aJJJit unthr Section 477 of the Companies Act 2006 for the pcriod ended 30 Scptettkn 2025. Th¢ mcrnbcrs have noi reqviredthe colljpally ioobtain aThaudii of its financial statements forih¢ period ended 30 Septem[ 2025 in acCordae with Section 476 of the CopanIcS Act 2006. The trlleeS a¢knowl¢dge their fESponsibilitics for ensutiDg that the charitable company k¢ep5 accounting T¢cords that comply with Section5 386 and 387 of thc Compani¢s Act 2006. and preparing fjnancial seMents which give a a1 fair view of the state of affa]rs of thc chan"tabl¢ Company as at the end of each finallcial year a1 of its sutplus or d¢ficit for eg¢h financial year ill a¢cordance with the requir¢m¢nts of Sttiiom 394 and 395 aTMI which othen¥ise comply with the requirements ol the Companies Act 2006 relating to financial staternenty so far as appli¢abl¢ to the cbatithble company. (bl These financiat StatetThentshav¢b¢ prepared in accordance withtlK provisions applicablc to¢haritable compani¢s subject to the small company regtne. The fLnan¢ial srat¢rn¢nts were approved by thc Board of Trus I l May 2026 and W¢T¢ Signed on If by= STEPF EN HARPEIi (Cb8ir of Trnsiees) The not&s fom] part of th¢s¢ slatell1ts Page8of 11
sourHEKN AFIUCA LITERATURE TRUST Statement of Financial Activities for the year ended 30 September 2025 20 2024 INCOME Donations and Legacies Gift Aid BaDk Interest Received 134.513 4.948 1.076 22.486 l56.999 4.948 1.076 207,328 3.773 1,318 Total Income £14QS37 £21486 £163,023 £341,691 EXPENDITURE Ch#rltable Actiiryties Advertising & Promo£xoA CoFiipuier Costs Carriage & Shipping Travel & Subsssiertce Mo¢urEYpenses RÉrtE oj'ojfice andstsnwe Hear & Light Instlrance Telepltone PrinliKg. Pastage & Slaiionery GeneralAdniiniSiri0 Expenf DonaÉioKs io SAL T Arfolawi Lilera£iire Publicoii4)A & Prinlirtg Malawi Go.fpel Oufruck Expenses Rel¢¢fA & Operalions Bank Charges A¢¢oiintURLy & PmfeS5iQJryal Erpens Foreign Exchtsnge varIaC Depreciouon ofoffice Eqtupmenl 5,189 6,083 2.497 8.583 J.006 3.414 J24 921 387 234 3.080 70.595 37.395 15.528 5.189 6,083 2.497 8,583 1.066 3.414 124 921 387 224 3.080 107,990 15.528 3.508 6.891 1.991 11.013 3,306 108 323 322 44 615 217. 792 JO,J16 10.57J 633 1.393 -808 28 7.418 17,989 633 1.393 408 28 140 J.510 125 250 34 ToÉalEwnses £130.107 £44.814 £J74,921 £358,J61 NET INCOMEI(EXPEf4DITURE) 10830 (22J28} (11I98) {45,743) RECONCILIATION OF FULYDS Tot41 fuDd5 brought forward Transfers between luThds 287.758 (191 544) 96214 J4J,Q57 TOTAL FUNDS CARRtED FORWAIiD £298.188 213*72} £84J16 £94214 The Notes foEtn part of these financial sthtellwDts Page g of IJ
SOUTHERN AFRICA LrrERATURE TRUST Note5 to the Financial Statements Note l- STATUTORY INFORjT1OT4 South¢Tn Africa Literatt]re TDJst is a private company limited by guarautee. regisiered England and Wales. The company's registered nuDJber alld gIa¢d athlress be foulld within the Reference and Administration Details. The Accoullting peiiod is for the year to 30 September 2025 and comparativ¢ figures are for the year to 30" Scptcmber 2024. Note 2- ACCOUPUING POLICIES Basis olpreparillg the finAclaI staternents The fllwjcial State¢ts of the ¢hatithbl¢ company, Twhieh is a public benefit entity uthder FRS 102. have becn prepared in ac¢ordan¢e with the Chartties SORP (Fils 102) -Accoullting and Reporting by Charities.. Siaiement of Rccommended Practice applicable to clwitie5 prcparing their accouttts in accordancewith the FinatKial RtrtIllg Stsndard applicablc io the UK and Republic of Irelad (FRS 102) leffectsvc l January 2015)" Financial Rep>ning Stalldard 102 'The Financial Reporting Standard appli¢ablc in the UK and Republic of kelalld" and the Compaoies Act 20(. The fllwi¢ial sr3tem¢nts havc bcell wepared ulldeE the historid cost conventiOIL All in¢offle is recognised in the StatemcDt of Financial Activiiies once the charity has entitlcment to the funds. it is probable that the illcome will be receiv and the ar)unt cao be measured reliably. Expettditure Liabilities are re¢ognised as expenditure a5 S(N)n &$ thete is a legal OT coiJstru¢tive obligdtion committing the lo the CXp¢nditu, it l5 probable thai a tyan5fer of economic benefits will be iequired in settlernent the amounts and obligatioll can be ]lleasured reliably. Expellditure is accounted for on a cash basis and bas be¢n ¢]assifJed utthr heath.ngs that a8gregate all costs related to the Caiegory. Where costs calltM)t be aitrAbut¢d to particular headings they have been allocated to a¢tivities on a basis collsistent with the e of tesourGes. DepreciatiOD Depreciation been provided at a ni¢ of on a dUCing ba¢ basi8 oll fixed assets. Taxation The Charity is ellpl from ta10 on charitable xtiviti¢& Realised gaills and losses Thcre have been no reali5ed gaiTJs or losses on Investments durin8 the year. Note 3- TRUSTEES, REMUNERATION AND BENEFrrs No payments have iett made to any olthe Tru5k¢s durillg the accounting puiod to 30 September 2025 or in the previous accounting period. Page of 11
otrrHERN AFRICA LITERATLIRE TRUST Notes to the Financial Statements (continued) Note 4- RESER Restricted Re rves is made up of restriaed in¢om¢ less &isociated expeJ)ditute th]ritJg the accounting period. Defai15 of the Ulake-up of balances on Restricted R¢serve5 &s at tbe Balancc Sheet date is follows:_ BIFTrYd IDcome Expellditiwe FDnd Transfer CIFwd Building F Relief Funds Local Work {209.0811 28.081 (10,544) 15.593 2.778 4.115 (35.859) (3,642) 15J 131 (229,34T) 27217 (11,7421 £(191,544) £22.486 4440141 £(213,872) Page 11 of 11