for the Period Ended 31 January 2020
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2020
Directors
The director shown below has held office during the whole of the period from
24 January 2019 to 31 January 2020
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2020 | ||
---|---|---|
| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | |
As at
Notes | 2020 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | ||
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 5 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Total net assets (liabilities): | | ||
Capital and reserves | |||
Called up share capital: | | ||
Profit and loss account: | | ||
Total Shareholders' funds: | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2020
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 January 2020
2020 | ||
---|---|---|
Average number of employees during the period | |
for the Period Ended 31 January 2020
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2020 | | | ||||
Depreciation | ||||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 January 2020 | | | ||||
Net book value | ||||||
At 31 January 2020 | | |
for the Period Ended 31 January 2020
2020 | ||
---|---|---|
£ | ||
Prepayments and accrued income | | |
Other debtors | | |
Total | |
for the Period Ended 31 January 2020
2020 | ||
---|---|---|
£ | ||
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | |
Development Management Associates CIC ('DMA') is a community interest company, incorporated on 24th January 2019 under the UK Companies Act. It has a branch in Lilongwe, Malawi, where the Director resides for most of the year.DMA's work is to support particular Malawi-related institutions and activities with the intentionof enhancing the development of Malawi, which means improving outcomes for the people of Malawi in areas such as governance, health, education, enterprise/economy and environment. The institutions and activities that DMA supports include: i) parts of the Government of Malawiand various Malawian non-profit organisations that are working towards the development of Malawi; ii) various international aid agencies whose resources are intended to enhance the development of Malawi; and iii) the activities of other Malawian and non-Malawian individualsand groups whose intention is to support the development of Malawi. Some of the work done by DMA is pro bono. When DMA was first registered as a CIC at the start of the period, DMA took over the wholetrading and assets of a business, which was also called DMA, which had started trading in 1989. Further information about DMA can be found at www.dmamalawi.net. During its first year, most of the income of DMA has derived from three main projects - support to USAID/Malawi's strategic planning, a review of the internal funding mechanisms of Malawi'shealth sector and a public expenditure review of Malawi's WASH sector (water, sanitation & hygiene).
DMA’s external stakeholders include:1. Parts of the Malawi government;2. Malawian non-profit organisations that are working towards the development of Malawi;3. international aid agencies whose resources are intended to enhance the developmentof Malawi;4. the activities of other Malawian and non-Malawian individuals and groups whose intention is to support the development of Malawi; and5. Other Malawian’s who are the beneficiaries of successful development of Malawi.Notable consultations with stakeholders made by DMA during the year included:1. Administering the collection and use of data, using questionnaires and interviews withemployees of USAID/Malawi and their contractors, other donors to Malawi and their contractors, members of the Malawi government and Malawian civil society organisations, followed by preparing recommendations based on the data on how USAID/Malawi could carry out its activities in Malawi to achieve greater sustained impact;2. Administering the collection and use of data from stakeholders throughout the Malawi health sector to enable better decisions how the different parts of the sector are funded; and3. Administering the collection and use of data from stakeholders in the WASH sector to enable better decisions on how the sector is funded and how the sector’s resources are best utilised.The response from the various stakeholders consulted have been used, and continue to be used, to improve the recommendations made by DMA to stakeholders that can and will take action to improve the development of Malawi.
The Director received from DMA a salary of £13,822 plus health insurance benefits costing £2,934. In addition, the accommodation of the Director while in Malawi plus the transport to and from Malawi was paid by DMA.There were no other transactions or arrangements in connection with the remuneration of director, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
10 March 2021
And signed on behalf of the board by:
Name: Nicholson J Hall
Status: Director