**REGISTERED CHARITY NUMBER: 1183883** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 August 2024** **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 2024** ||**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 2024** The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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** Changing Stars, Malawi continued to impact the community in Cape Maclear in the year ended 31 August 2024. The official opening of the Community Hub took place in June 2024 after considerable work was carried out to get the building ready. The Hub now hosts many clubs and groups, including: the young mothers group, homework help class, an art class for children and adults, craft classes, reading English classes, a social interaction group for older members of the community, and open library sessions. There are currently over 500 children accessing the building and around 100 adults. The two nurseries the Charity supports continue to thrive and are in fact over subscribed, but the children who attend are doing well and starting school properly prepared for learning. The Charity's school sponsorship programme continues and we also have 5 students who are at University. ## **FINANCIAL REVIEW** The Charity received donations of £149,468 in the year (2023: £129,982) and investment income of £1,015 (2023: £269). Expenditure was £99,564 in the year (2023: £83,563), which left surplus funds carried forward of £106,034 as at 31 August 2024 (2023: £55,115). ## **FUTURE PLANS** Changing Stars, Malawi continues to support the community by meeting with Chiefs and representatives of the community to assess what they feel is needed. They have asked for a school to be built, so in 2025 that is the intention of the Charity, along with starting our own vocational programme at the Hub. The formal process of becoming a registered non-governmental organisation in Malawi was started after the year end. ## **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 1.1111 .111 Changlng Stars, Malawl Report ol the Truslees foT the Year Ended 31 August 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Recrultrnont and appolntment of nèw trustee5 The tharity trus1￿ shall manage the aftairs ol the CIO and may for that pwwse exercise all the powers of the CIO. rt from Ihe ffirnt dwrity trustees. every trustee musl be appointed for a term of three years by a resolution passed 81 a propety fX)nvened meeling of the charity tnjslees. In selec*"ng mdmduals for appoinlmenl as charity Iwstees, the clarity trustees musl have regard to the "ILS, knoYAeage and expemence needed lor the effective admlnlstration ofthe CIO. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1183883 Prlnclpal address 28 Brth)mfield Leeds LS16 6AF Trustee5 LADawson J E Dawson C A Dawson M W Dawson A Dawson N Stanworth N J Frdmpton Independent Examiner Kirtt Newsholme Chartered AccrJunlants 4315 Park Apwoach ThorFe Park Leeds West Yorkshire LS15 8GB Approved by order orthe board of trustees on 12 June 2025 and signed on rt5 behalf by: L A Dawson-Trustee P4¢2 Independent Examinerfs Report to the Trustee5 of Chanying Stars. Malawi Independent examiner'5 report to the trustees of Changing Stars, Malawi I re.port lo the charity Iruslee5 on my examination of the accounts ol Changing Stars, Malawi (the Trust) lor the year onded 31 August 2024. Responsibilities and basis of report As the charity trustees ol the Trust you are responsible for the preparation ol the accounts in accordance with the requirements ol the Charities Act 2011 1.the Acl'l. I report in respecl ol my examination ol the Trust's accounts Carried out under Section 145 01 the Act and in carrying out my examination I have followed all applicable Directions given by Ihe Charity Cornmission nder Section 14515llbl ol the Act. Indopendent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention In Connection with the examirialion giving me cause to believe that in any waterial respect. accounting records wcre ntsl kept in respcGI ol the Trust as required by Scction 130 DI the Act., or the accounls do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl ol accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a maller Gonsidered as part ol an independonl examination. I have no concerns and have come acioss no other matters in connection with the examination lo which attention shoLJld be drawn in this report in order to enable a proper understanding of the accounts lo be re2ched. Ben Maughan Bsc FCCA Kirk Newsholme Chartered Accounlanls 4315 Park Approach Thorpe Park Leeds Wesl Yorkshiie LS15 8GB 12 June 2025 Page 3 ## **Changing Stars, Malawi** ## **Statement of Financial Activities for the Year Ended 31 August 2024** |2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
149,468
Investment income
2
1,015
**Total**
150,483
**EXPENDITURE ON**
**Charitable activities**
Charitable activities costs
66,653
Support costs
32,911
**Total**
99,564
**NET INCOME**
50,919
**RECONCILIATION OF FUNDS**
Total funds brought forward
55,115
**TOTAL FUNDS CARRIED FORWARD**
106,034|2023
Total
funds
£
129,982
269
130,251
38,679
44,884
83,563
46,688
8,427
55,115| |---|---| The notes form part of these financial statements Page 4 stst•ment Of FInancI￿ Posllfjon 31 August 2024 2024 Unro¥trLc fund 2023 NoleB fuTvJ8 CURRENT ASSETS Cash al bank and in hand 106.034 55,115 NET CURRENT ASSETS 106,034 55.115 TOTAL ASSETS LESS CURRENT LIABILITIES l(K.034 55,115 NET ASSETS 106,034 $5,115 FUNDS Unrestriiaed frjnds 108.034 55.115 TOTAL FUNDS 106,034 55.115 The financral statements were approved by the Board Of Trustees and atth9ri8ed for iswe on 12 Junè 2025 and were signed on its behall by". L A Dawson- Trustee The r#X&% f￿rn w of these knraal slalements **Changing Stars, Malawi** ## **Notes to the Financial Statements for the Year Ended 31 August 2024** ## **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** |Deposit account interest
**SUPPORT COSTS**
Management
£
Support costs
30,426|2024
£
1,015
Governance
Finance
costs
£
£
157
2,328|2023
£
269
Totals
£
32,911| |---|---|---| ## **3. SUPPORT COSTS** All support costs are funded by way of additional donations received from the various Children's Corner businesses, which are all related party undertakings of the Charity. ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Page 6 continued... **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **4. TRUSTEES' REMUNERATION AND BENEFITS - continued** ## **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 2024 nor for the period ended 31 August 2023. ## **5. MOVEMENT IN FUNDS** |At 1.9.23
£
**Unrestricted funds**
General fund
55,115
**TOTAL FUNDS**
55,115
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
150,483
**TOTAL FUNDS**
150,483
**Comparatives for movement in funds**
At 1.9.22
£
**Unrestricted funds**
General fund
8,427
**TOTAL FUNDS**
8,427
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
130,251
**TOTAL FUNDS**
130,251|Net
movement
At
in funds
31.8.24
£
£
50,919
106,034
50,919
106,034
Resources
Movement
expended
in funds
£
£
(99,564)
50,919
(99,564)
50,919
Net
movement
At
in funds
31.8.23
£
£
46,688
55,115
46,688
55,115
Resources
Movement
expended
in funds
£
£
(83,563)
46,688
(83,563)
46,688| |---|---| Page 7 continued... **Changing Stars, Malawi** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **6. RELATED PARTY DISCLOSURES** The charity has taken advantage of the option not to disclose related party transactions. Page 8