## **Trustees Annual Report for the period**
**Period start date: 04-11-19 Period end date: 30-01-22**
**Charity name: Caring Heart Madagascar**
## **Charity registration number: 1186138**
## **Objectives and Activities**
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SORP reference
Summary of the purposes Para 1.17 To eleviate poverty in Madagascar.
of the charity as set out
in its governing
document
Summary of the main Para 1.17 and A feeding program is offered to the
1.19
activities in relation to public every day.
those purposes for the A feeding program is offered to
public benefit, in prisoners who are in prison.
particular, the activities,
projects or services
identified in the
accounts.
Statement confirming Para 1.18 The trustees have used the guidance
whether the trustees issued by the Charity Commission on
have had regard to the public benefit.
guidance issued by the
Charity Commission on
public benefit
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including
program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
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SORP reference
Over the past year we have saved the
lives of hundreds of prisoners, so much
so that the prison Warden has asked us
Summary of the main if we can help more, and has multiple
Para 1.20
achievements of the times told us how thankful he is for the
charity, identifying the project. This project has had wider
difference the charitys impacts by leading to families not
work has made to the losing the main financial earner once
circumstances of its the prisoner is released.
beneficiaries and any
wider benefits to society The feeding program has had a
as a whole. tremendous impact over this year due
to Covid. The lockdown of Madagascar
lead to a massive increase in the price
of food and for several hundred people
our meal was the only thing keeping
them from starvation. This has had a
wider impact of reducing the frequency
of crime, and allowing children to be
able to go to school.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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|||
|---|---|
|Achievements against|Para 1.41|
|objectives set|
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Performance of
Para 1.41
fundraising activities
against objectives set
Investment performance Para 1.41
against objectives
Other
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## **Financial Review**
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Review of the charitys Para 1.21 We currently have enough regular
financial position at the donations to cover all of our monthly
end of the period expenses of between £2,500-3,000
Statement explaining the Para 1.22 We do not hold any reserves at this
policy for holding time.
reserves stating why they
are held
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22 Our donations only cover our monthly
reserves expenses.
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 We do not currently have any concerns
uncertainties about the about the charity being able to
charity continuing as a continue.
going concern
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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The charitys principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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## **Structure, Governance and Management**
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Description of charitys
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Trustees are selected by the current
methods including details board, by a majority vote.
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled
to appoint one or more
trustees
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charitys
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details**
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Charity name Caring Heart Madagascar
Other name the charity N/A
uses
Registered charity 1186138
number
Charitys principal address 30 Sturminster Close, Bristol BS14 8EH
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Names of the charity trustees who manage the charity
Name o
Dates acted if not for
Trustee name Office (if any) entitle
whole year
(if any)
1 Seth Schaben Director
Vanessa Treasurer
2
Schaben
3 Makala Chung Founder Trustee
Thomas Founder Trustee 24/06/19 - 07/11/2020
4
Thomson
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees names of the directors at the date the report was approved
**Director name** Seth Schaben
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole**
ear
## **Funds held as custodian trustees on behalf of others**
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Description of the assets N/A
held in this capacity
Name and objects of the N/A
charity on whose behalf
the assets are held and
how this falls within the
custodian charitys
objects
Details of arrangements N/A
for safe custody and
segregation of such
assets from the charitys
own assets
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## **Additional information (optional)**
**Names and addresses of advisers (Optional information)**
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Type of Name Address
adviser
Name of chief executive or names of senior staff members (Optional
information)
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## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
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The trustees declare that they have approved the trustees report above.
Signed on behalf of the charitys trustees
Signature(s) Vanessa Schaben
Full name(s) Vanessa Schaben
Position (eg Secretary, Chair, Treasurer
etc)
Date 17th January 2022
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##
|**MonthlySpend**|**MonthlySpend**|**MalagasyArlary**|**PoundsSterling(current**
**exchange rateasofJan2022)**|
|---|---|---|---|
|Wages(for staffinMadagascar)||3,680,000.00|681.00|
|FoodStuffs||7,310,000.00|1353.00|
|TotalSpend||10, **990,000.00**|**2034.00**|
|**AnnualSpend**|**AnnualSpend**|**AnnualSpend**|**MalagasyAriary**|**MalagasyAriary**|**MalagasyAriary**||**PoundsSterling(current**
**exchange rateasofJan2022)**|
|---|---|---|---|---|---|---|---|
|Wages|||44,363,937.00||||8172.00|
|FoodStuffs|||88,141,566.46||||16,236.00|
|Miscellaneous (kitchen utensils,
soap,cleaningsupplies,
transfer fees,exchangerates
etc)|||10,949,836.14||||2017.00|
|**Total Spend**|||**132,505,503.47**||||**26,425.00**|
|||||||||
|Annual Income
AnnualSpend|||||**PoundsSterling**|||
||||||26,899.00|||
||||||26,425.00|||
|**TotalRemaininiz**|||||**474.00**|||
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|||**Unrestricted**|
|---|---|---|
|||**funds**|
|||**2021**|
||**Notes**|
£|
|**Incomefrom· **|||
|Donations and legacies|**3**|26,900|
|**Expendjtyreon: **|||
|Charitable activities|**4**|26,425|
|**Net income for the Period/**|||
|**Net movement In funds**||475|
|Fund balances at**4**November 2019|||
|**Fund balances at31March 2021**||475|
|The statementoffinancial activities includes all gains and losses recognised in the Period.|||
|All income and expenditure derive from continuing activities.|||
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|||**2021**||
|---|---|---|---|
|**Notes**|£||£|
|**Current assets**||||
|Cash at bank and in hand|475|||
|Net current assets|||475|
|**Income funds**||||
|Unrestricted funds|||475|
||||475|
|The financia~ statements were approved by the Trustees on 23 January 2022||||
|**Trustee**||||
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||**Unrestricted**|
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||**funds**|
||**2021**|
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|Donations and gifts|26,900|
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