Charlty number. 1188309
Malawi Association
for Chrislian Supporl
MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
VINTv/MS

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
CONTENTS
Page
Reference and administrauve details of tho charty. its Trusto8s and advisorn
Trustees. report
Independent examlnerfs report
PAatement of flnan¢lal actlvities
10
Balanco sh•et
11
Noteg to thg financlal statements
12-26

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Truslaos
Adrian Brown. Water and Solar Projects
Gillian Barber, Medical projects
Tony Cox, Bursaries (resigned 31 December 2023)
Brian Griffin, Vice Chairman and Bursaries (resigned 30 November 2023)
Richard Davies, Fundraising and Website Coordinator
Colin Gardner. Treasurer
Eileen Eggington, Project Officer
Julie Lupton. Secretsry and Supporters, Database
Margaret Campbell. Publicity and Safeguarding
Martin Herrick, Chaimian & Medical Projects
Janice Price (resigned 30 November 20231
Felictty Shoesmilh {appointed 10 March 2024)
Charfty registered numbor
1188309
Prlnclpal offl¢o
The Cottage
72 North Street
Biddenden
Kent
TN27 8AS
vrnw.malawimacs.org
Accountants
Venthams
Chartered Accountants
Millhouse
32- 38 East Street
Rochford
Essex
SS4 1DB
BankerJ
Barclays Bank
Leicester
LE87 2BB
Page 1

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Twstees present their annual report together wth the financial statemenls of the charity for the year 1 April
2023 to 31 March 2024.
Objectivos and aclivitlos
a. Policies and objectivos
The main objective of the charity Is to promote any charitable purpose in Malaw, including the advancement of
education, the relief of povety, sickness and distress, the preseTvation and protection of health and the
advancement of Christian religion particularly by supporting the pastoral work of churches and th& support of
charitable Christsan institutions in that country.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefiL including the guidance 'Public benefit.. running a
charity (PB2)'.
b. Activitles undortak¢n to achlove objo¢tlve8
Individuals and organisations are invited to donate to a General Fund which can be used for any charitable
purpose in Malawi. If requested. donations can go to specific categories e.g. Education, Health, Commun
projects, Church support and Women's projects. MACS supports local groups and organisations but not
individuals. The majority of requests for help come via the Anglican Dioceses in Malawi.
MACS builds and repairs ¢lassrooms and teachers, houses. The charity makes grants to hospitals and health
centres for improvements to existing facilities and the building of staff houses. School children particulady girls
are assisted in their education by funding school fees. MACS funds the repair and upgrading of clergy houses
and the installation of roofs on well-buill churches. Women's training groups can appty for fvnds. MACS assists
In water projeGts, repairing dams and boreholes and building water tanks.
c. Main activltles undertaken to further the ¢harlty's purposes for tho publlc bonefrt
The trustees have referred to the Charity Commission's guidance on reporting on public benefit when ￿VIewIng
our aims and objectives and planning activities. We work with the church and other Christian organi5ations in
Malawi whose support is available to everyone in Malawi irrespective of their race, religion or nationality and the
trustees have ensured that the activities undertaken will contribute to the aims and obje¢tives of the charity- The
twstees are therefore confident that the charity meets the public benefit requirements.
Page 2

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and perfO￿anCe
a. Governanco
Meetings.. Trustees meet to consider applications from Malawi, approve new projects, to allocate funds,
monitor on-going projects. review policies. address issues of strategy and ensure that MACS is compliant
with Charity Commission requirements. We meet 6 times each year with 3 meetings on Zoom and 3
meetings in person. By holding meetings virtualty we have halved our annual meeting costs. It is still
important to meet up every few months in person. In addition the Annual Supporters, Day was held on
Zoom in September 2023 to update our supporters on the progress and challenges of MACS.
Trustees.. During the year ending March 31st 2024 the following changes of trustee took place-
Brian Griffin retired November 2023.
Janice Price resigned owng to pressure ofwork November 2023.
Tony Cox retired December 2023.
Felicity Shoe$mith joined March 2024 for a period of 4 years.
There a￿ currently 10 trustees so we have 2 possible vacancies.
Communications wlth supporters.. Margaret Campbell produced two excellent and informative
newsletters which went out in August 2023 and February 2024. These newsletters are well receNed, help
us to update our supporters and always result in some generous donations.
Annual Appeal.. there was no General Appeal during the financial year, followng the donations gfven in
the wake of Cyclone Freddy early in 2023.
Annual Gift Llst.. no Gift List was produced in 2023 as the Goncept is quite h8rd to administer.
GDPR compllance.. We continually update our list of all supporters and those who receive publi¢ations
either by email or posL The MACS privacy policy is available on our website and is reviewed annually.
Safgguardlng.. Margaret Campbell is our Safeguarding TTUStee. Our Safeguarding policies and
procedures are updated and adopted annually, in line wth Charity Commission regulations. All trustees
visiting Malaw are now required to have a Disclosure and Barring certificate as well as safeguarding
references. Jointly with the wider Anglican Communion we have continued to encourage the church Sn
Malawi to introduce robust Safeguarding practice5. Schools in Malawi have now shared copies of their
safeguarding policies with MACS. When trustees visit Malawi, they acts'vely check for evidence of
Safeguarding policies being in place.
Remuneration of trustoes, expenses.. Trustees may claim travel expenses to MACS meetings on an
annual basis. Visits to Malawi are in line with current agreed poli¢y. The first Project Officerfs trip since
2019 took place in May 2023 and the chairman and treasurer ac¢ompanied the project officer. Details of
all Claims appear in the Annyal financial reporL
iv.
Page 3

MALAM ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aehlevements and perfomiance (continuodl
b. Projects
1. Applicatlons.. During the past year a total of £214,836 was granted to new projects. Once fvnds were
available for the building of classroom blocks. we were able to embark on a significant building programme in
both the DioGese of Upper Shire and the Diocese of Lake Malawi.
2. Monltoring:
la} MACS Representatlve In Malawl.. Grafiud Tione, our in-country representative. has ¢ontinLted to work
throughout the year facilitating the smooth running of projects, disbursing funds, checking on progress, giving
advice locally and advising trustees. Grafiud helps the recipients of MACS grants such as individual schools and
ommunity groups to open accounts and lo manage funds awarded by MACS for particular projects. Trustees
remain confident that every attempt is made to ensure ￿ndS are spent appropriately. Grafiud's expenses are
reviewed and adjusted annualty in March.
Ib) Expert advlce.. MACS has continued to use local Malawian professionals working alongside Grafiud to
assess potential projects, drawing up costed plans, tender documents and in monitoring work. Such partnerships
a￿ very helpful and the additional professional backing assures trustees in the UK and our overseas partners of
the qualty and sustainability of the work carried out in Malawi.
{cl 2023 Project Offi¢¢V$ annual trip.. this trip took place in May 2023. Accompanied by our Chaimian and
Treasurer, the Project Officer was able to visit many project sites as well as Meet new Malawians in various
posts in both Dioceses. They also toured sites where the devastation of Cyclone Freddy was very apparent This
trip has enabled trustees to feel more connected again to what 1$ going on in Malawi. It has enabled some
personal contacts which have helped with getting timely information from parties, such as reports from schools
for bursary students.
Health
MACS is happy to consider a wde Tange of requests including new buildings, renovations, help w4th electricity
and water, training and financial management.
Solar pjwered panels and batteries to provide back up power for Health Centres and dlnics have been wel
received.
MACS granted funds to the charity Ndi Moyo, to support the training of palliative care workers. This training has
since been successfulty carried out
4 Edu¢atlon
MACS supports the education of young people in Malawi through the paying of fees in Bursary Schemes as well
a5 SUPF)o￿ng in practical ways with building ¢lassrooms and providing educational materials etc.
Fees have been paid for 30 students, the majority of whom a￿ girls, at Malosa Secondary School, St Michael's
Girls. Se¢ondary School and Bishop Mlekateka Secondary School.
We have also supported students at
Communty Day Secondary Schools. A generous £25.000 donation has enabled us to guarantee 4 years of
edu¢ation for all exlsting bursary studenls as well as to lake on further Fomi 1 students, confident that the
funding is available, despite the In¢￿aSe in fees. We have also been able support an additional 20 form 1
students in the Community Day Se¢ondary Schools at M'manga and Nkope. Furthermore, we have agreed to
fund the examination fees in Fomis 2 and 4 for recipients of these MACS bursaries.
The supply of solar panels and back up batteries as well as LED light bulbs in some areas at st Michael's
Secondary School has improved the learning conditions for the girls there. A damaged inverter was replaced and
additional training given to support staff in the school to avoid further damage.
Page 4

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and perfomianco (contlnuedl
5 Parlsh and Dlo¢esan Support
Eady in 2023 Cyclone Freddy devastated many areas, particulaty in Southem Malawi. Through the generosity
of donors, £13.513.66 was channelled through the Anglican Council of Malawi to held affected communities.
6. Communlty and Tralnlng
Chilema Ecumeni¢al Trainlng Centre continues to train students from rural areas. MACS $upported the training
of 10 students on courses run from July 2023 and January 2024. A temporary library was renovated during the
year and MACS supported the purchase of shelving, tables, thairs and some books. SUbsequen￿y, some
supporter churches have continued to raise funding to purchase books and these funds are fO￿arded to
Chilema on a regular basis.
Some fijnding has been used to renovate boreholes damaged in the 2023 floods. This was channelled through
Seedsowers Intemational.
Flnancial revlew
. Fundralslng
We are especially grateful to all our supporters who have continued to donate and support the work of MACS
throughout th8 past year.
Our iwce yeady newsletters result in some Signifi￿nt donations. Standing orders keep up a regular source of
funding. No significant legacies have been forthcoming in the last financial year.
b. Golng concem
After making appropriate enquiries, the Truste85 have a reasonable expectstion that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statement5. Futher details regarding the adoption of the going
concem basis can be found in the accounting policies.
c. Re50rve pollcy
The truslees have agreed that unrestricted reseNes should be maintained at a level equivalent to 3 months
expenditure excluding grants. This would indicate that the minimum reserves at 31st March 2024 should be
£5,239. The actual unrestricted reserves amounted to £45,075.
d. Financlal summary
The income for the year was £258.593 as compared to the previous year of £87.782. The expenditure for the
year was £207,548 compared to £124,782. As a consequence, the surplus was £51,04S, compared to
deficit of £37,000 in the previous year.
The trustees allocate grants on the basis of the receipt of suitable applications and meet regularfy throughout the
year to review applications and made giants aG¢ordingly.
Grants of £197,819 (2024: £110,175) were approved during the year. At the end of the year £82,980 {2024.'
£30,802) had not been distributed. The trustees antiupate Ihat these funds will disbursed by the end of the
current year.
Pa9e 5

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
e. Prln¢lpal funding
We are extremely gratefvl to all our supporters who raise funds and show interest and support throughout the
year. Colin Gardner has continued to monitor the use of funds donated through the Gift List.
Stru¢ture, govOTnance and management
. Constitution
Malawi Association for Christian Support has been a registered charity since 2nd September 1993 Inumber
10256161. However, the trustees Gonsidered that this model was not suitable to today's methods of operating
and decided that the conversion of the charity to Charitable Incorporated Organisation ICIOI was the appropriate
way to proceed.
ConseqUen￿y, at their meets'ng on 8th Apnl 2019 the charity trustses agreed to convert the chanty into a CIO. At
their meeting on 18th November 2019 the trustees approved the constr"tulion of the CIO and it was signed on
28th November 2019 by four of the tfustees on behalf of all the trustees.
An application was submitted to the Charity Commission for ￿lstratiOn of the CIO and this was issued on 3rd
March 2020 with the number 1188309. An application was the made to the Charity Commission for approval for
the transfer of the undertaking, assets and liabilities of the ¢harty to the CIO. This was re¢eived on 12th August
2020.
At the Annual General Meeting of the charity held on 19th September 2020 approval was given for the transfer to
be made on 1st January 2021 and the transfer was made on that date.
The charity continues to be in receipt of donations by way of standing orders and the trustees are continuing to
persuade donors to transfer their donations to the bank account in the name of the CIO. Once this has been
achieved th8 charity will be closed.
b. Methods of appolntment or electlon of Trustsos
The management of the charity is the responsibility of the Trustee$ who are elected and C(￿pted under the
temis of the CIO Foundation.
c. Organlgatlonal structure and docision-maklng poll¢ies
Trustees claim travel expenses to MACS meetings on an annual basis. Visits to Malawi are in line with current
agreed policy and details of all claims are in the Annual financial report
Page 6

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
ststement of Trusteg5' responsibilities
The Trustees are responsible for preparing the Tru$lees' Report and the finaneial slalements in accordance with
applicable law and United Kingd¢Jm Accounting Standards {Uniled Kingdom Generally Accepted Accounting
Practice}.
The law applicable lo charfties in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the charity and of its incoming resource5
and application of resources. including its income and expenditure. for that period. In preparing these financial
statements, the Trustees are requiTed to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting estimates that are reasonable and prudent..
slate whether appli¢able UK Accounting Standards IFRS 1021 have been followed. subject to any material
departures disclosed and explained in the financial slalemenls:
prepare the financial slalements on the going concern basis unless (t is inappropriate lo presume that the
charity wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. They are also responsible
for Saf￿uardhng the asse15 of the charity and hence for taking reasonable steps for the prevention and detection
of fraLSd and other irregularities.
Approved by order of the Members of the board of Trustees and signed on their behalf by..
Julie Lupton
Trustee
Dale..
I Irf-a kJ4-
Page 7

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent oxamlnerfs report lo the Trustees of Malawl Assoeiatlon for Christlan Support CIO
I'th8 charlty.)
I report to the charity Trustees on my examination of the a¢counts of the charity for the year ended 31 March
2024.
R•sponsibllitles and basls of report
As the Trustees of th8 charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (Ihe 2011 ACV).
I report in ￿sPeCt of my examination of the charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions gkven by the Charity Commission under
section 145(5llbl of Ihe 2011 Act.
Page 8

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Indepgndent oxamlngr's $tstemgnt
Your attention is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and
Reporting by Charities-. Statement of Recommended Practice applicable lo charities preparing their aceounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities.. Slalement of Recommended PTactice issued on 1 April
2005 which is referred to in the extant regulations bul has been wthdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance wlh
the Generally Accepted Accounting Practice effective for reporting periods beginnin9 on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attention in Connedion with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the char￿Y as required by section 130 of the 2011 Act.. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the form and conlenl of
a¢¢ounts set out in the Charities IAccounls and Reports) Regulation$ 2008 other than any requirement
that the accounts give a Irue and fair, view which is not a matter considered as part of an indepgndenl
examination.
I have no concerns and have come across no other matters in connection wlh the examination lo which
attontion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
This report is made solely to the Charity's Trustees, as a body. in accordance wi(h Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's
Trustees those matters l am required to slate to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibilty to anyone other than the
charity and the charity's Trustees as a body, for my work or for this report.
Signed=
Stuart Harrison FCA
Dated.. i.*1 (2
Venthams
Chartered Accountants
Millhouse
32- 38 East Street
Rochford
Essex
SS41DB
Page 9

MALA￿ ASSOCIATION FOR CHRISTIAN SUPPORT CK)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restrfcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacie$
Investments
44,118
3,894
210,581
254.699
3,894
86,571
1,211
Total Income
48,012
210,581
258,593
87,782
Expenditure on:
Charitable activities
15327
192,321
207,548
124.782
Total gxpenditurn
15,227
192,321
207,548
124,782
Net Incomel(•xpgndi¢ure
Transfers be￿een funds
32,785
114,630)
18,260
14,630
51,IM5
(37.000)
14
Net movement in funds
18,155
32,890
51,045
(37.OOOJ
Reconciliatlon of fund8:
Total funds brought forward
Net movement in funds
26.519
18,155
51,835
32,890
78,354
51,045
t15,354
(37,000)
Total funds carrled forward
44,674
84.725
129,399
78.354
Page 10

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notè
Flxed ass9ts
Tangible assets
11
32,012
32.012
Current assets
Debtors
Cash at bank and in hand
12
9.216
188.231
13.901
112.203
197,447
126, 104
Creditors: amounts falling due within one
year
13
(100,0601
(47, 750)
Net current assets
97,387
78,354
Total 35sets less current liabilities
129,399
78.354
Total net assets
129,399
78.354
Charlty funds
Restricted funds
Unrestricted funds
14
84.72S
44.674
51,835
26,519
14
Total fund$
129.399
78,354
The financial slalements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
I,I
Martln Herrlck
Chairman
Date..
Iitd44 b2L
Page11

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General Infomiatlon
Malawi Association for Christian Support CIO is an unincorporated charity registered in England and
Wales. Its principal office address is The Cottage, 72 North Street, Biddenden, Kent TN27 8AS.
Accounling policies
2.1 Basis of preparatlon of flnanclal ststements
The financial ststements have been prepared in accordance with the Charities SORP IFRS 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 IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair. view and have departed from
the Charities (A¢counts and Reports} Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved followng the Cha¥¢ties SORP {FRS 102} published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effeclive from 1 April 2005 which has since been withdrawn.
Malawi Association for Christian Support CIO meets the defini￿On of a public benefit entity under FRS
102. Assets and liabilitles are initially recognised at historical cost or transaction value unless
otherwise stated in the ￿levant accounting policy.
Page 12

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢les (contlnuodl
2.2 Incomo
All Income is recognised once the charity has entl￿ement to the income, it is probable that the income
11 be received and the amount of income receivable can be measured reliably.
The recOgn￿on of income from legacies is dependent on establishing entitlement, the probabilty of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them
{through knowledge of the existen¢e of a valid will and the death of the benefactr)rl and the executor
is satisfied that Ihe property in question wll not be required to satisfy claims in the estste. Receipt of
a legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable. which will generally be the expected cash amount to be distributed to the charity,
can be reliably measured.
Grants are included in the Statement of Finarscial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is recewed in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement ¢Jccurs
before income is received, the in¢ome is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordanGe with the charity's
accounting poli¢ies.
On receipt, donated professlonal SeNi￿S and facilities are recognised on the basis of the value of
the gift to the charity which is the amount it would have been willing to pay to obtain seNices or
facilities of equivalent economic benefit on the open market,. a corresponding amount is then
recognised in expenditure in the period of receipt
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Inwme tax recoverable in relation to investrment income is recognised at the time the investment
income is receivable.
2.3 Expendltur
Expenditure is recognised once there Is a legal or constructive obligatlon to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits wll be required in settlement and
the amount of the obligation can be measured reliabty. Expenditure is classified by adivity. The costs
of each activity are made up of the totsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single acb'vity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributsble to a single activity are 8PPOrtioned be￿een those activities on a basis consistent vAth
the use of resources. Central staff Costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the assets use.
Expenditure on charitsble activities is incurred on directly undertaking the adlvities which further the
charity's objectivès, as well as any associatsd support costs.
Page 13

PIALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies (continued)
2.3 Expenditure {contlnued
Grants payable are charged in the year ￿en the offer is made except in those cases where the offèr
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expendilure.
AJI expenditure is inclusive of irrecoverable VAT.
2A Intsrest ro¢elvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is normally upon notification of the intsrest paid or payable by Ihe institution
th whom the funds are deposited.
2A Tangible fixed assets and deprgcl•tion
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
eneffts are probable and the cost or value of the asset can be measured re15ably.
Tangible fixed assets are inilialty recognised at cost. Afier recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs inGurred to bring a tangible fixed asset into it5 intended working condthon should be
in¢luded in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful INes, using the straight-line method.
Depreciation is provided on the following basis..
Motor vehides
20Qh straight line
2.6 Debtor4
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tem highly liquid investrnents wfth a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 14

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2024
Accounting polieies (continued)
2.8 Liabilftles and provis¥on8
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
evenL it is probable that a transfer of economic benefit will be required in settlemen( and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it wll pay to settle the debt or the
amount it has receNed as advanced payments for the goods or services it must provid8.
Provisions are measured at the best estimate of the amounts required to setue the obligation. Where
the effect of the lime value of money is material, the prowsion 15 based on the present value of those
amounts, discounted at the pr&tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount 1$ recognised in the Statement of Financial Activities as a finance cost.
2.9 Financial i￿trUMents
The charity onty has financial assets and financial liabilities of a kind that qualify as basic financial
instrumenls. Basic financial instruments are initially recognised at transacb'on value and subsequenuy
measured at their set￿ement value with the exception of bank loans which are subsequently
measured at amorbsed cost using the effective interest method.
2.10 Fund accountlng
General fvnds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted fvnds that have been set aside by the Trustees for particular
Pufposes. The aim and use of each designated fund is set oul in the notes to the financial
statements.
Restricted fvnds are funds which are to be used in accordance wth specific restri¢tions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page 15

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donatlons and legacies
Unrestrfcted Restrietod
funds
funds
2024
2024
Total
funds
2024
Donatlons
44,118
210,581
254,699
Unrestricted
funds
2023
Restrictsd
funds
2023
Tot81
funds
2023
Donations
48,128
38,443
86,571
Inve8tment Income
Unrestricted
funds
2024
Total
funds
2024
Inveslment income- local cash
Investment income- foreign cash
3,798
96
3,798
Total 2024
3.894
3,894
Unrestricted
funds
2023
Total
fvnds
2023
Investment income - local cash
Investment income- foreign cash
1, 147
64
1,147
Tot812023
1,211
1.211
Page 16

IAALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analys18 of ¢xpenditure on charltablo a¢tivlties
Summary by fund typg
Unrestricted Rgstrlcted
funds
funds
2024
2024
Total
2024
Grant making activities
15.227
192,321
207,548
Unrestr7Cted
funds
2023
Restricted
funds
2023
rot81
2023
Grant making activities
28,319
96.463
124.782
Anatysls of expendlturo by activltles
Actlvlties
undortaken
directly
2024
Grant
funding of
actlvities
2024
Support
costs
2024
Tolal
funds
2024
Grant making activities
7,600
199,240
708
207,548
Activities
undertaken
directly
2023
Grant
funding ol
activities
2023
Support
costs
2023
Tot81
funds
2023
Grant making activities
13.953
110.175
654
124, 782
Page 17

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2024
Analysls of expondlture by activlti8s (continued)
Anafysis of dlrect costs
Grant
maklng
actlvities
2024
Total
funds
2024
Depr￿latIOn
Malawian representative retainer
Malawian representative travelling
Malawian representative telephone
Project officer trip and travel grants
Room hire
Bank charges
Paypal charges
Printing and ststionery
Sundry expenses
Profrt I los$ on fixed asset disposal
1,080
7,828
3,554
633
3,760
411
525
41
1,080
7.828
3,554
633
3.760
411
525
41
974
974
22
(11,228)
(11,228)
Totsl 2024
7,600
7,600
Grant
making
actIv￿eS
2023
Total
funds
2023
Malawian rep￿SentatiVe retainer
Malawian representstive travelling
Malawian ￿presentatiVe telephone
Room hire
Bank charges
Paypal charges
Printing and ststionary
6.882
4,526
812
98
346
58
1,231
6,882
4,526
812
98
346
58
1,23t
Total 2023
13.953
13,953
Page 18

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of oxpendilure by aGtivitles (contlnued)
Analysls of support ¢08ts
Grant
making
activities
2024
Total
funds
2024
Governance costs
708
708
Grant
making
activities
2023
Total
funds
2023
Govemance ¢osts
654
654
Analysis of grnnts
Grants to
Institutlons
2024
Total
funds
2024
Grant making a¢tiviti&s
199,240
199,240
G￿nts to
Inslitulions
2023
Total
funds
2023
Grants making actNities
110,175
110,175
Page 19

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Anatysls of grants (Contlnuodl
The charity has made the followng material grants to institutions during the year..
2024
2023
Namo of Inslltulion
Medical Health
Education
Bursaries
Donald Arden Bursary Fund
Gifts menu
Vo¢ational courses for women
St Lukes Hospital
Cyclone
st Michael's School
Chilema Equipment
Solar Powor
Sponsor a bed
other grants to Institutions
40,309
108,000
14,246
5,873
11,379
18,000
13,949
10.083
338
4.705
6,819
14,746
700
1,628
36,509
6.919
13,712
199,240
110,175
199,240
110.175
Analysis of expendfture by percentage
2024
2024
2023
2023
Grants
Malawi projects supervision costs
UK expenses
199,240
5,997
2.311
96.00
2.89
i.ii
110.175
12,366
2,241
88.29
9.91
1.80
207.548
loo.00
124, 782
loo.00
Independent examlnefs remuneration
The independent examinels rernuneration amounts to an independent examiner fee of £708 12023 -
£654).
Page 20

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Trustso8' remuneratlon and expenses
Dufing the year, no Trustees ￿ceiVed any remuneration or other benefrts (2023- £NIL).
During the year ended 31 March 2024, expenses totslling £3,927 were reimbursed or paid direclty to 3
Trustees in relation to the Project Officer trip (2023- £NILI.
11. Tanglble flxed assets
Motor
vehlclos
Cost or valuatlon
At l April 2023
Additions
Disposals
17,067
33,092
117,067)
At 31 March 2024
33,092
Depreclatlon
At 1 April 2023
Charge for the year
On disposals
17,067
1.080
(17,067)
At 31 March 2024
1,080
Net book value
At 31 March 2024
32,012
At 31 Ma￿h 2023
Page 21

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Dobtors
2024
2023
Due within one year
Prepayments and accru￿ income
Tax re¢overable
2,761
6N55
2,002
11.899
9.216
13,901
13. Credltora: Amounts falllng due wlthin one year
2024
2023
Accruals and deferred income
Grants accrued - institutional
17,080
82,980
16,948
30.802
100,060
47.750
Page 22

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Statoment of funds
ststemont of funds- current year
Balanco at
31 March
2024
Balance at 1
Aprll 2023
TransfeTS
Inlout
Income Expendlturo
Unrestrict8d fund8
Deslgnated funds
Motor Vehicle
22.173
11,228
1,421
34,822
General funds
General Funds
4,346
48,012
{26N551
{16,051)
9,852
Total Unreslrlcted funds
26,519
48,012
(15,227)
(14.6301
44,674
Rostricted funds
Medical Health
St Luke's Hospital
Sponsor+bed
Chilema ETCC
Bursaries and school fees
Donald Arden Bursary Fund
Donald Arden Memorial Fund
Edu¢ation Buildings
Cyclone
other restricted fund projects
7A17
5.468
573
34,663
9,275
(40,309)
16.819)
2A06
4,076
7,924
1,023
1,615
30.139
3,750
1,020
122,072
5.193
(1,628}
114,246)
(4.470)
11,403)
1108,0001
114,7461
1700)
13
16,297
5.344
3,408
2,136
9,553
1.639
32,190
4,624
3,025
31,081
14,873
{2.561)
782
51,835
210,581
1192,321)
14,630
84,725
Total of funds
78,354
258,593
{207,548)
129,399
Page 23

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Statement of funds (eontlnuedl
Statomont of funds - prlor year
Balan￿ al
31 March
2023
BalanGe at
l Apnl 2022
Transfers
inloul
Income Expenditu
Unr•strfcted funds
Deslgnated funds
Motor Vehicle
18,762
3,411
22.173
Goneral funds
General Funds
17,742
49,339
(28,319)
(28,416)
4.346
Total Unreslri¢ted funds
30,504
49,339
(28.319)
(25,005)
26,519
Rostrlctgd funds
Medical Heatth
st Luke's Hospital
Sponsor-a-bed
Bursaries and school fees
Donald Arden Bursary Fund
Donald Arden Memorial Fund
Gifts list
Vocational courses for women
Education Buildings
st Michael's solar power
Cyclone
other restricted fund projects
6.258
3.880
1.623
26,840
11,552
3,408
444
1,871
2, 136
25,844
9,242
1,588
450
12,157
3,875
(11,379)
3.296
7,417
5,468
573
16,297
5.344
3,408
(1,500)
(31.949)
(10,083)
9,249
(338)
(4,705)
(106)
2,834
2.136
2.208
7,053
1,870
(36,509)
8,457
2,500
(1.225)
9,553
1,639
994
84,850
38,443
(96,463)
25.005
51,835
Total of funds
115,354
87.782
(124,782J
78.354
Page 24

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Surnmary of funds
Summary of funds - current ye•r
B•lan¢e at
31 Mar¢h
2024
Balance at 1
April 2023
Trdnsfgr5
Inlout
Income Expendlture
Designated funds
General funds
Restricted funds
22.173
4,348
61,835
11.228
126,455)
{192,321)
1A21
116,0511
14.630
34,822
9,852
84,725
48,012
210,581
78,354
258.593
{207,548)
129,399
Summary of funds- prlor year
Balance 81
31 March
2023
Balance al
l Apnl 2022
Transfers
Income E¥p8nditure
Designated funds
General funds
Restricted funds
18,762
11,742
84,850
3,411
(28,416)
25,005
22. 173
4,346
51,835
49.339
38,443
(28,319)
(96,463J
115,354
87,782
(124, 782)
78,354
16. Analysls of not assots between funds
Analysls of not assots bgtwoen funds- current perlod
Unrestricted Rostricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Cu￿ent assets
Creditors due wthin one year
32,012
112,722
{100,CfjOI
32,012
197.447
{100,060)
84,725
Total
44.674
84,725
129,399
Page 25

MALAWI ASSOCIATION FOR CHRISTIAN SUPPORT CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Analysis ol net assets bolwgen fund$ (contlnued)
Anatys18 of net assgts between funds - prior pgriod
Unresti7Ct8d Restricted
funds
funds
2023
2023
Total
funds
2023
Current assets
C￿dItorS due within one year
74.269
(47, 750)
51,835
126, 104
(47,750)
Total
26,519
51.835
78,354
17. Related p•rty transactlons
During the year, the trustees gave a total of £2,05012023: £8.748} in donations to the charity.
Page 26