**REGISTERED CHARITY NUMBER: 1183883** **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 August 2021** **for** **Changing Stars, Malawi** Kirk Newsholme Chartered Accountants 4315 Park Approach Thorpe Park Leeds West Yorkshire LS15 8GB **Changing Stars, Malawi** ## **Contents of the Financial Statements for the Year Ended 31 August 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Statement of Assets and Liabilities **|5| |**Notes to the Financial Statements**|6 to 8| **Changing Stars, Malawi** ## **Report of the Trustees for the Year Ended 31 August 2021** The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Main objectives and activities** The Charity of Changing Stars, Malawi exists to facilitate the advancement of education of children in Malawi. This is done by engaging with local communities in Malawi, facilitating sponsorship of school fees and by providing and facilitating training of teachers, class room assistants and welfare organisations as well as providing education, resources and supplies. The Trustees meet as necessary to review the Charity's finances. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. ## **ACHIEVEMENT AND PERFORMANCE** The year has been another successful period for the Charity, building on the success of the previous period with donations increasing significantly as further lines of fundraising were established. As well as continuing with the work started in the previous period, the Charity commenced building work on 3 school classrooms. By the end of the year the first phase of the build was completed and the second phase was starting to progress. Other significant areas of spend in the year were paying school fees for sponsored children as well as donating a large number of books and other learning materials to schools. ## **FINANCIAL REVIEW** The Charity received donations of £61,163 in the year and expenditure was £37,884, leaving surplus funds carried forward of £25,134 as at 31 August 2021. ## **FUTURE PLANS** The Charity is continuing to build on the progress across all projects and will continue to do so for the benefit of the Cape Maclear community for the foreseeable future. The Charity has continued with the classroom build beyond the year and plans to build further classrooms and a library in the future. There are also plans to continue paying school fees for sponsored of children in the community. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is controlled by its governing document, being the constitution for a charitable unincorporated organisation, as defined by the Charitable Incorporated Organisations Regulations 2012.. The CIO is registered as a charity with the Charity Commission (registered number 1183883) and is approved by the Inland Revenue Charity Division. The Charity qualifies for exemption from taxation under section 505 ICTA 1988. ## **Recruitment and appointment of new trustees** The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. Apart from the first charity trustees, every 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 charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Page 1 Ch*¥Jlng 8tsrn, Mthvl for th• Y￿1 Er•d•d 31 AuiNi•t 2021 REFERENCE AND ADIIINISTrATIVE DETAIL3 R•glst•f•d Charfty numb•r 1183883 prI￿1P•1 •ddr••• 28 Brcomfield L8168AF L A Oaw8on J E Daw80n CADa*8 M W Dawaon A Dawson N J Frampkni K*k Ne￿￿￿?1m8 431S Parf( Wroach W881 York8hlr• LS15 8G8 ppY￿•d ty c¥dw ofth• bD•rf of tru5t￿ ￿ 30 kn• 3)22 •rKI on 18 boh&Y ty: Indwndont Ex•mln•V$ R•port to the Trustees of Changlng Stsrs, Malawl Ind0p•nd0nt oxamln•rfs r•port lo the tNstees of Changing Stsrs. Malawi l ￿POrt to Ihe charity tnjslees on my examination of th& accounts of Changing Stars. Malawi {the Trust) for the year ended 31 August 2021. Responsibllities and basis of report As the charity trustees of the TN$t you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie$ A¢t 2011 ￿he AcV}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under s8thon 145151{b} of the Act. Independent examiner's statem¢nt I have completed my examination. I confimi that no materlal matters have come to my attention in connection with the examination giving me cause to belleve that In any materlal respect.. accounting records were not kept kn respect of the Trust as required by section 130 of the AGL or the accounts do not accord with those records. or the accounts do not comply wth the applicable requlrements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whl¢h Is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Ben Maughan Bsc FCCA Kirk Newsholme Chartered Accountants 4315 Park Approach Thor￿ Park Leeds West Yorkshire LS158GB 30 June 2022 Page 3 **Changing Stars, Malawi** ## **Statement of Financial Activities for the Year Ended 31 August 2021** ||||Period| |---|---|---|---| ||||13.6.19| |||Year Ended|to| |||31.8.21|31.8.20| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||61,163|36,811| |**EXPENDITURE ON**|||| |Raising funds|2|3,695|2,725| |**Charitable activities**|||| |Charitable activities costs||34,189|32,231| |**Total**||37,884|34,956| |**NET INCOME**||23,279|1,855| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||1,855|-| |**TOTAL FUNDS CARRIED FORWARD**||25,134|1,855| The notes form part of these financial statements Page 4 Ch*ylng M•l•wl 31 Augu•¢ 2021 LknIwlrt￿ Tolal CURREiif ASSEY8 Cash al bank and in haThJ CREDrroR8 Amounts lallkng duo wltrdn on• yo 11.332) NET CURRENT A8SErs TOTAL A&8ET8 LE88 CURREKr UABILrriES 25.134 NEf A88Ef8 FUNDS TOTAL FU14D8 wwe slw•d M Ib b•h*l ty. LA Daw*￿. T￿1 **Changing Stars, Malawi** ## **Notes to the Financial Statements for the Year Ended 31 August 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has received it. ## **Expenditure** Liabilities are recognised as expenditure as soon as they are paid. Expenditure is accounted for on a receipts and payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **2. RAISING FUNDS** ## **Investment management costs** |**Investment management costs**||| |---|---|---| |||Period| |||13.6.19| ||Year Ended|to| ||31.8.21|31.8.20| ||£|£| |Support costs|3,695|2,725| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the period ended 31 August 2020. ## **Trustees' expenses** There were no trustees' expenses paid, other than in relation to the performance of charitable activities on behalf of the charity, for the year ended 31 August 2021 nor for the period ended 31 August 2020. Page 6 continued... **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||||2021|2020| |---|---|---|---|---| ||||£|£| ||Other creditors||1,332|-| |**5.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.9.20|in funds|31.8.21| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|1,855|23,279|25,134| ||**TOTAL FUNDS**|1,855|23,279|25,134| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|61,163|(37,884)|23,279| ||**TOTAL FUNDS**|61,163|(37,884)|23,279| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| ||||in funds|31.8.20| ||||£|£| ||**Unrestricted funds**|||| ||General fund||1,855|1,855| ||**TOTAL FUNDS**||1,855|1,855| ||Comparative net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|36,811|(34,956)|1,855| ||**TOTAL FUNDS**|36,811|(34,956)|1,855| Page 7 continued... **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **6. RELATED PARTY DISCLOSURES** The charity has taken advantage of the option not to disclose related party transactions. Page 8