MALAWI COMMUNITY HUBS
Financial health, per its FY2023 accounts
The accounts state that the charity reported a surplus of £109,008 for the year ended 31 December 2023, with total unrestricted net assets of £443,382. The trustees consider the level of reserves adequate and confirm that all funds are unrestricted and available for future projects. The going concern basis is supported by sufficient unrestricted funds for ongoing operations.
What the accounts disclose
“The trustees are therefore comfortable that the level of reserves held is adequate and these will be deployed in future on further projects as and when the trustees decide.”
“Donation income included 287,463 (2022: 393,113) from a privately-owned family group for which Derek Stapley serves as one of several independent directors and also as chairman. Appropriate declarations of interest have been made within the family group and in MCH. 4,250 (2022 4,250) from The Lancashire Foundation. Derek Stapley and Robert Kennedy are both trustees of The Lancashire Foundation.” — page 18
“During December 2022, the Charity made a loan of $35,000 to facilitate the purchase of a minibus for use by a local school. The principal connected with the local school to whom the organisations in the Majawa project. He has been well known to two of the trustees for several years.” — page 17
“Donation income included 287,463 (2022: 393,113) from a privately-owned family group for which Derek Stapley serves as one of several independent directors and also as chairman. Appropriate declarations of interest have been made within the family group and in MCH. 4,250 (2022 4,250) from The Lancashire Foundation. Derek Stapley and Robert Kennedy are both trustees of The Lancashire Foundation.” — page 18
“During December 2022, the Charity made a loan of $35,000 to facilitate the purchase of a minibus for use by a local school. The principal connected with the local school to whom the organisations in the Majawa project. He has been well known to two of the trustees for several years.” — page 17
Trustees
- Derek Stapleychair
- MICHELLE BURROW
- Robert William Kennedy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £397k | £87k |
| 31/12/2023 | £295k | £186k |
| 31/12/2022 | £398k | £193k |
| 31/12/2021 | £255k | £239k |
| 31/12/2020 | £249k | £239k |
Common questions
Is MALAWI COMMUNITY HUBS financially healthy?
The accounts state that the charity reported a surplus of £109,008 for the year ended 31 December 2023, with total unrestricted net assets of £443,382. The trustees consider the level of reserves adequate and confirm that all funds are unrestricted and available for future projects. The going concern basis is supported by sufficient unrestricted funds for ongoing operations. Its FY2023 accounts were independently examined.
Who funds MALAWI COMMUNITY HUBS?
Funders whose own accounts filings name MALAWI COMMUNITY HUBS as a grant recipient include THE LANCASHIRE FOUNDATION.
Shared trustees with funders
- Derek Stapley — trustee here and at THE LANCASHIRE FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE LANCASHIRE FOUNDATION | FY2023 | £4k |
| THE LANCASHIRE FOUNDATION | FY2022 | £4k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAVID LISTER CHARITABLE TRUST | 2 | £14k |
| ISSA FOUNDATION | 1 | £2.1m |
| THE DAKRI CHARITABLE TRUST | 1 | £25k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £20k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £10k |
| Indigent Welfare and Education Trust | 1 | £7k |
| THE MAGENI TRUST | 1 | £4k |
| THE TULA TRUST LIMITED | 1 | £2k |