**REGISTERED CHARITY NUMBER: 1183883** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 August 2023** ## **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 2023** |||**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 2023** The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 : 1. Continued to support two pre-school nurseries in Thyolo and Cape Maclear, for approximately 130 children aged 3 and 4 years, each day during term time. 2. Continued with our School Scholarship programme and have paid for 218 children in primary school, 25 children in secondary school and 2 students at university. 3. Provided educational teacher training to both nursery and primary school teachers. 4. Supported the local clinic with donations of medical supplies and commenced work towards building a Community Hub, to be opened in the following year. The Charity really is having a long lasting impact on the well-being and education of some of the most vulnerable and poor children in Malawi. ## **FINANCIAL REVIEW** The Charity received donations of £129,981 in the year (2022: £67,506) and investment income of £269 (2022: £nil). Expenditure was £83,562 in the year (2022: £84,213), which left surplus funds carried forward of £55,115 as at 31 August 2023 (2022: £8,427). ## **FUTURE PLANS** The Charity’s future plans are to continue to work with the community for what they need and request. This includes continuing support for the Charity's sponsored children with school fees and uniforms and the completion 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. Page 1 Ch*nqlng 8tsrs. M•l•wl R•part al th• Trust••s for th• Y•*r End•d 31 August 2023 STRUCTURÉ. GOVERNANCE AND PAANAGEPAENT R•orullm•nt •nd •ppolnlm•nl 01 n•w Irust••s charty trusta6s shall manage the affairs ol the CIO and far thal ex•r¢iso all ol the CIO Apart from ts Ilrst th8rity trustets. •¥wy trusts8 bo appokntsd knr a lonn of thrnè yaars by a r•solutK passed al a convoned rrwb'TrJ ol th• tharity Irus*oS In sebxtiw indivwJu8ls for appoinlnwl as ¢*anty trustO8s. Iho truslaes havo lo the s￿119, kntrA•doo and experiénc* needed lor the eftor*¥e odmnistr8lk)n ofth8 CIO. REFERENCE AND ADMINISTRATIVE DÉTAIL8 Il•glsl•r•d Ch•rlty numb•r 1183883 Prln•lp•l •ddr•ss 28 BrcM)mffléld Leeds LS16 8AF L A Dwwaon J E Dwaon C A Dw*acn Mwo￿an A Oaw8on N Stanworth N J Frnmplon Ind•p•nd•nt e¥•mln•T Klrk NthtyBholf Chart8f•d Ar£thnlAnts 431 S Park *¥prc8th Thorp• Pa Leéds V4tsst Yorkshirn LS15 8GB Appro¥•d ty ordor d the boanl ol Iw81•os 28 JUM 2024 and 8ffjnod on Ill bo￿11 ty: L A Dmon . TN8t•o Pago 2 Independent Examlnerfs Report to the Tru8tees of Changing Stars, Malawl Independent gxamlnorfs report to the trustees of Changing Stars, Malawl I report lo the charity trustees on my examinatM)n of the accounts of Changing Stars. Malawi (the Trusll for the year ended 31 August 2023. Rasponsibilltlgs and basls of report As the charty Iruslees of the Trust are responsiNe for the preparation of the accounts in accordance wlh the requiretnerit5 of the Charlts'es Act 2011 {'Ihe A¢t'). I report in respect of Tny examination of the Trust'5 accounts carried OLrt under Sedion 145 of the Act and in carrwng out my examination I have followed all applicable Direction5 given by the Charty Commission under Section 14515Xb) of the Act. Indopendent oxaminor's statement I have complBted my examination. I confirm that no malerial matters have come to My attention in connection with the examination gwing me cause lo believe that in any materlal respocl- accounting re￿dS were not kept in respect of the Trust as requlred by Section 130 of Act,, or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and conlenl 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 vthich Is not a matter ¢onsKlered as part of an independ&nl examination. I have no concerns and have come ￿OSS no other matters in connection with the examination to whith attention should be drawn in thi$ ￿pOrt in order to enable a proper understanding of the accounts lo be ached. Ben Maughan Bsc FCCA Kirk Newsholme Chartered Accountants 4315 Park Approach Thorpe Park Leeds West Yorkshire LS15 8GB 28 June 2024 Page 3 ## **Changing Stars, Malawi** ## **Statement of Financial Activities for the Year Ended 31 August 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
129,981
Investment income
2
269
**Total**
130,250
**EXPENDITURE ON**
Raising funds
3
44,884
**Charitable activities**
Charitable activities costs
38,678
**Total**
83,562
**NET INCOME/(EXPENDITURE)**
46,688
**RECONCILIATION OF FUNDS**
Total funds brought forward
8,427
**TOTAL FUNDS CARRIED FORWARD**
55,115|2022
Total
funds
£
67,506
-
67,506
42,622
41,591
84,213
(16,707)
25,134
8,427| |---|---| The notes form part of these financial statements Page 4 ChAnqlnq Stsrs. Mal•wl Sl•l•m•nt ¢Jl Flnindal Poslyan 31 August 2023 2022 unrostn￿ TolAI nd furvjs CUAREpif ASSM Cash Al tAnk 55,115 8,427 NEf CURRENT A38Ef8 55,115 8,427 TOTAL A88Efd LE38 CURREKr LIABILrriE8 55,115 8,427 NET AS8ET8 S5,115 8,427 FUNDS Unfestrictod fund• 55.11S 8,427 TOTAL FUN08 55,115 8.427 Th• 1nando181aleff*nts 8ppro¥•d by th• BcAwd ol TNst•es auti￿ad Nsu• ￿ 28 JUM 2024 nd 8ign•J on its b•h811 tr1.. L A . TnJst•• **Changing Stars, Malawi** ## **Notes to the Financial Statements for the Year Ended 31 August 2023** ## **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. INVESTMENT INCOME** |**2.**|**INVESTMENT INCOME**||| |---|---|---|---| |||2023|2022| |||£|£| ||Deposit account interest|269|-| |**3.**|**RAISING FUNDS**||| ||**Investment management costs**||| |||2023|2022| |||£|£| ||Support costs|44,884|42,622| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **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 2023 nor for the period ended 31 August 2022. Page 6 continued... ## **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023** ## **5. MOVEMENT IN FUNDS** |At 1.9.22
£
**Unrestricted funds**
General fund
8,427
**TOTAL FUNDS**
8,427
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
130,250
**TOTAL FUNDS**
130,250
**Comparatives for movement in funds**
At 1.9.21
£
**Unrestricted funds**
General fund
25,134
**TOTAL FUNDS**
25,134
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
67,506
**TOTAL FUNDS**
67,506|Net
movement
At
in funds
31.8.23
£
£
46,688
55,115
46,688
55,115
Resources
Movement
expended
in funds
£
£
(83,562)
46,688
(83,562)
46,688
Net
movement
At
in funds
31.8.22
£
£
(16,707)
8,427
(16,707)
8,427
Resources
Movement
expended
in funds
£
£
(84,213)
(16,707)
(84,213)
(16,707)| |---|---| Page 7 continued... **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023** ## **6. RELATED PARTY DISCLOSURES** The charity has taken advantage of the option not to disclose related party transactions. Page 8