## Trustee Annual Report 2024– 2025
Veterinary Education Malawi Charity Number 1195815
The trustees present their report with the financial statements of the charity for the year ended 1[st] October 2025. 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).
## Chairperson’s Statement
2024 – 2025 was a great year for Veterinary Education Malawi. We received a grant from The Marchig Trust to provide CPD in hoof care to para vets, this was very successful and well attended. The CPD comprised of a morning classroom based session followed by an afternoon practical session. We continued to run our equine teaching at LUANAR vet school and also started a new programme, providing practical teaching for para vet students. Our international vet student volunteer programme continued to be well attended and liked. During this programme we neutered (spayed and castrated) 447 dogs. Our vet student bursary continued and we provided a grant to the vet student association to carry out a rabies vaccination drive and carry out community training on rabies and bite prevention.
## Achievements
Equine teaching at LUANAR vet school Practical teaching at NRC, para vet school International vet student volunteer programme Malawian vet student bursary Para vet training in hoof care
Grant to LUANAR vet student association for rabies vaccination drive and community training.
## Financial Review
VEM is in a good position at the end of this accounting period with enough reserves in the bank to be able to continue our charitable activities. The trustees have not been renumerated for any of their work during the year other than to cover the costs of performing the charitable objectives on behalf of the charity. There are no restricted
funds in reserve as they were used to carry out the hoof care training for para vets. The funds held in reserve are all unrestricted and can be used on any charitable activity in the future.
## Policy for holding reserves
It is the charities policy to hold unrestricted reserves at the end of the accounting period to ensure there are funds available to use for charitable purposes in the coming years. We aim to hold minimum funds equivalent to one year’s Malawian vet student fees in reserve in order to ensure our ability to continue to fund our vet student bursary. Any other reserves will be used to fund educational projects at the vet school as well as para-vet training projects.
## Amount of reserves held
At the end of the financial period, £9,061 were held in reserve. These are unrestricted funds generated from our international vet student volunteering programme. These funds will be used in the following years to achieve our aims of providing educational support to the vet school and to para-vets in Malawi.
## Structure, Governance and Management
The charity a CIO. It is controlled by its governing document, using a foundation model constitution.
## Acknowledgements and Thanks
We would like to thank all of our volunteers and trustees for giving up their time to support our projects. Thank you to all those who have donated, shared our content online and supported our work in any way.
|**Veterinary Education Malawi**||**1195815**||
|---|---|---|---|
|**Receipts andpayments accounts**|||**CC16a**|
|02.10.2024
**For the period**
**from**|**To**|01.10.2025||
|**Section A Receipts and payments**|**Section A Receipts and payments**|||||
|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**21 000**
**814**
**-**
**-**
**-**
**-**
**-**
**21 814**
**-**
**-**
**-**
**21 814**
**13 282**
**7 693**
**300**
**694**
**351**
**398**
**100**
**450**
**23 268**
**-**
**-**
**-**
**23 268**
**- 1 454**
**-**
**10 224**
**8 770**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**1 000**
**-**
**-**
**-**
**-**
**-**
**1 000**
**-**
**-**
**-**
**1 000**
**-**
**-**
**-**
**709**
**-**
**-**
**-**
**-**
**-**
**709**
**-**
**-**
**-**
**709**
**291**
**-**
**-**
**291**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**|
|Charitable activities (Student volunteer
programme)|**21 000**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**21 000**
**814**
**1 000**
**-**
**-**
**-**
**-**
**-**
**22 814**|**25 513**|
|Donations|**814**||||**577**|
|Grant(MarchigTrust)|||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**21 814**||||**26 090**|
|||||||
|**A2 Asset and investment sales,**
**(see table).**||||||
||**-**||**-**
**-**
**-**|**-**
**-**
**-**||
||**-**||||**-**|
|**_Sub total_**|**-**||||**-**|
|**_Total receipts_ **
**A3 Payments**||||**22 814**||
||||**-**||**26 090**|
|||||||
|Charitable activities (student volunteer
programme)|**13 282**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**13 282**
**7 693**
**300**
**1 403**
**351**
**398**
**100**
**450**
**-**
**23 977**|**13 950**|
|Programme running costs
(accommodation, flights, car rental +
trustee reumbursement)|**7 693**||||**8 635**|
|Payment for services|**300**||||**-**|
|Veterinaryconsumables|**694**||||**41**|
|Programme consumables (t-shirts+USB)|**351**||||**311**|
|Website + professional fees (insurance)|**398**||||**166**|
|Internationalpayment fee|**100**||||**75**|
|Vet student bursary|**450**||||**450**|
||||||**-**|
|**_Sub total_ **|**23 268**||||**23 628**|
|||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||
||**-**||**-**
**-**
**-**|**-**
**-**
**-**||
||**-**|||||
|**_Sub total_ **|**-**||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||**23 977**||
||||**-**||**23 628**|
|||||||
||**- 1 454**||**-**|**- 1 163**|**2 462**|
||**-**||**-**
**-**|**-**
**10 224**|**-**|
||**10 224**||||**-**|
||**8 770**||**-**|**9 061**|**2 462**|
CCXX R1 accounts (SS)
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Agreement Error
Agreement Error
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||||
|||||
CCXX R2 accounts (SS)
2