REGISTERED CHARITY NUMBER: 1183883
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
Changing Stars, Malawi
Report of the Trustees for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 Charity had the following successes and achievements in the year :
-
Funding of school and nursery fees and uniforms for the academic year for 240 children.
-
The completion of three additional classrooms and a sports field for Chitsanzo school in Cape Maclear.
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A bore hole to provide fresh clean running water for Chitsanzo school and its pupils.
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The refurbishment of Thyolo nursery and provision of resources for pre-school education including phonics.
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Training of teachers from Thyolo and Mango Tree nursery plus Chitsanzo school in phonics, positive behaviour management and reflective practice.
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Updated Beit Cure hospital library (originally set up by the Charity in 2020).
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Provision of clinical donations to Billy Riodan Clinic.
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Provided sanitary wear to the Charity's sponsored teenage girls so they can attend school all year round.
FINANCIAL REVIEW
The Charity received donations of £67,506 in the year and expenditure was £84,213, leaving surplus funds carried forward of £8,427 as at 31 August 2022.
FUTURE PLANS
The Charity’s future plans are to continue to work with the community for what they need and request. This includes first aid training, provision of a defib for local clinic, following several drownings of young children (the Charity's sponsored children), continuing support for the Charity's sponsored children with school fees and uniforms, the provision of a learning community centre and library for Cape Maclear for additional lessons to be provided for children and adult literacy classes for the young women who fell pregnant and missed their education.
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.
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Chwlnq Stsrn, lor th• Y••F Endthl Jl Auqu•t 2022 STRucniRE. GOVERNANCE IIAJIAGEMEMT Tho dwlty bwte89 shall rnenap tr 8ffAlr• d lh8 CK) and Owl purp 411 tho frcffi thq Ilrnl thorfty tru¥tO8B. rnry Iruslt• rr#MI t• Agixil•#l 18fft1 of by • rnr£lul4)n krjg 8rNI n••Jl tr th• 8ff¥• lrnlrthkn d th• CIO. REFERENCE AND ADIIINISTRATIVE DEfAU R•Al•tsrnd Chwlty nuMI I183 Prfnclp•l •ddr• LS186AF N Stsnryth N J Fr•rn Ind•p•nd•nl EX1•1 KI 4315 Path pth yOh1 LS15 8G8 ord•r dtho al Zl 2023 • ts¥ ty. L A TN•l•• P•g• 2
Indepfrndent Examinefs Report to tho Trust••s of Changing Stars, Malawi Independent ex•mlneP$ r•port to thè trUStS of Changlng Stars, Malawl l port lo the chartty trustses on my examination of the accounts of Changing Stars. Malaw Ilhe Trust) lor the year ended 31 August 2022. Respon$lbllltles and bas1$ of report As Ihe charity trustees of the Trust you are responsible for the preparation of Ihe accounts in accordance with the requirements of the Charities Act 2011 Ilhe Ad'l- I report in respect of my examinabon of the Trust's accounts carried out under SectK)n 145 of the Act and in caryng oui my examination I have followed all applicable Directions given by the Charity Commission under Section 14515Xbl of the Act. Independent •xamln•f8 8tat¢m•nl I have completed my examination. I confimi that no material matters have como lo my attention in connect th the examination giving me cause to beIve that in any material respect: 8¢¢ounling records wefe not kept in rest*ct of the Trust as required by Section 130 of the Act.. or the a¢¢ounls do nol accord with those records; or the accounts do not comply wth the applicable requirements Concerning thg forni and content of 8ccounts sel olrt in the Charities (Accounts and R8portsl Regulations 2008 other than any requirement that the 8ccounls give a true and fail view which is not a matter considered as part of an independent examination. I havo no concems and have come across no other matters in connection wth the examination to whic ottention should be drawn in this report in order to enable a proper understanding of the accounts to reached. Ben Maughan Bsc FCCA Kirk Newsholme Chartered Accountants 4315 Park Approach Thorpe Park Leeds Wesl Yorkshire LS15 8GB 29 June 2023 Page 3
Changing Stars, Malawi
Statement of Financial Activities for the Year Ended 31 August 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 67,506 EXPENDITURE ON Raising funds 2 42,622 Charitable activities Charitable activities costs 41,591 Total 84,213 NET INCOME/(EXPENDITURE) (16,707) RECONCILIATION OF FUNDS Total funds brought forward 25,134 TOTAL FUNDS CARRIED FORWARD 8,427 |
2021 Total funds £ 61,163 |
|---|---|
| 3,695 34,189 |
|
| 37,884 | |
| 23,279 1,855 |
|
| 25,134 |
The notes form part of these financial statements
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Ch•rylNJ Stsrffj Mal• 31 2022 nd CURRENT ASSErs C8•h bonk SNI in hornl 8.427 CREDrroA8 11,1321 NET CURRENT ASSETS 8.427 25.134 TOTAL AII8ET3 LE89 CUIIAEI LIABILMES 8.427 25.134 NET ASSETS 8,427 26,134 FUNDS 8,427 25.134 TOTAL FINIOS 8.427 25.134 •Thl JrJ cm tta bdl ty. L A •(. P5
Changing Stars, Malawi
Notes to the Financial Statements for the Year Ended 31 August 2022
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 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Support costs | 42,622 | 3,695 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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 2022 nor for the period ended 31 August 2021.
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continued...
Changing Stars, Malawi
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | - | 1,332 | ||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.21 | in funds | 31.8.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,134 | (16,707) | 8,427 | |
| TOTAL FUNDS | 25,134 | (16,707) | 8,427 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 67,506 | (84,213) | (16,707) | |
| TOTAL FUNDS | 67,506 | (84,213) | (16,707) | |
| Comparatives for 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 | |
| Comparative 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 |
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continued...
Changing Stars, Malawi
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. RELATED PARTY DISCLOSURES
The charity has taken advantage of the option not to disclose related party transactions.
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