TRADE
y ty
TRADE AID
UNAUDITED
TRUSTEES, REPORT
AND
FINANCIAL STATEMENTS
YEAR ENDED
31ST DECEMBER 2024
11 Glasshouse Studios
Fryern Court Road
Burgate
Fordingbridge
Hants
SP6 1QX

TRADE AID
Contents
Page
Contents
Trustees. Annual Report
Independent Examiner's Report
Statement of Flnanclal Actlvilies
Balance Sheet
Notes to the Financial Statements
10-16

TRADE AID
Trustees, Report for the year to 31 December 2024
Reference and Administrative Details
Trade Aid is a UK registered charity (number 1059925) whose principal
address is:
11 Glasshouse Studios,
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX
The Trustees during the year were:
Jane Langford (Chair)
Brian G Currie
Matthew Maddocks
David Edmonds
Tim Jordan-Dench
Structure Governance and Management
Trade Aid is an educational charity focusing on vocational education for
sustainable employment, and associated projects. Trade Aid is a not-for-profit
organisation and relies entirely upon private donations. All monies accrued,
whether in Tanzania or in the UK are reinvested in the charity to support its
projects in Mikindani, Tanzania.
Trade Aid is governed by a Trust Deed with a board of incorporated Trustees
that meet approximately quarterly, and frequently more often. Trustees are
recruited by the Board of Trustees through an election process with the Chair
having the deciding vote. No single Trustee or external body is entitled to
appoint Trustees.
In January 2024, Tim Jordan-Dench was reappointed as a Trustee.
Trustee visits - Jane Langford visited the Trade Aid projects in Mikindani in
September 2024.
The death was announced in February last year of Denis Massoi, Trustee of
Trade Aid Tanzania, whose expertise helped to make the original project
possible. The remaining members of Trade Aid Tanzania Board of Trustees
are Magreth Mwambe, Kate Kamba, Doctor Daniel Ndagala and Brian Currie
2024 also marked the passing of other associates and friends - Regina
Navilongo, Trade Aid Tanzania Accounts Manager and Rehemia John
Zomari, son of former Old Boma Manager John Zomari and stepson of
Trustee Magreth Mwambe.
In the absence of a full time Project Manager UK these duties have been
fulfilled jointly by Jane Langford and Pam Field. Some responsibilities have

TRADE AID
already been, and more will be over time, transferred to the Project Manager
Tanzania
Pam Field continues to work remotely from home as Charity Administrator 7.5
hours per week, co-ordinating the charity's activities in the UK. She works
closely with the Project Manager Tanzania, Emmanuel Mwambe, and with the
Trustees of both Trade Aid UK and Trade Aid Tanzania. Her duties include
day-to-day management of Trade Aid UK accounts, general charity
administration, upkeep and maintenance of the Trade Aid websites, co-
ordination of marketing activities, including social media activity, as well as
maintaining the Friends of Mikindani database and the design, set up and
distribution of periodic newsletters. It is hoped that in the future the
responsibility for these marketing activities will be shared with staff members
in Mikindani..
Emmanuel Mwambe (Project Manager Tanzania) leads a team of 24 staff in
Mikindani and manages the operation of Trade Aid Tanzania and the Old
Boma Hotel (the venue for the Trade Aid hospitality training). Since the death
of Regina Navilongo, Maria Simon has been appointed and Donna Wright has
increased her involvement with the charity and continues to work with the
Finance Manager, Consolata Nzali on an as-needed consultancy basis,
mentoring office staff and assisting them with any complicated financial issues
that may arise.
Hospitality Training Consultant (Rhoda Kitila) visits the Old Boma Hotel every
two months, in addition to working remotely from her home in Dar-es-salaam,
to support the project in all training matters. Rhoda Kitila has now taken over
the role of HR administration, assisting with recruitment, staff training and
performance monitoring. Each member of staff has been set up with their own
Office 365 email address to facilitate staff training and HR confidentiality
compliance. The Middle Management structure in Tanzania currently
comprises four roles (Hotel Manager, Hospitality Training Manager, English &
IT Trainer, Finance Manager). Another position will be added in 2025 of
Safety Off icer, ensuring high levels of safely are maintained throughout the
hotel. This ensures that education remains the key objective. An online UK
based training stream continues to provide English speaking courses to staff
members in subjects such as First Aid, Food Hygiene, IT, Bookkeeping and
Hotel Management Skills.
Achievements and Performance
During 2024, two groups each of 20 trainees completed their training in
Hospitality and English on schedule. This year's graduates have all secured
jobs throughout Tanzania and beyond. Trade Aid are instrumental in finding
jobs for the trainees and monitoring their progress throughout their careers.
The Afya Spa, housed in the newly renovated Bank House, off ers a range of
beauty, massage and spa treatments to guests and visitors to Mikindani.
Bank House ground floor rooms have been let out to a local business.

TRADE AID
The Tree Nursery programme continues to thrive and expand, supplying local
schools with seedlings and helping to teach the children the importance of
environmental issues.
The community English class continues to provide essential language skills to
the adults of Mikindani,
The Child Equality Programme operated throughout 2024, has supported 65
children through primary, secondary and high school. Rising costs and the
limited donations available from private sponsors makes this number
untenable and it is intended that the number of new children entering the
programme will be reduced over the next few years.
As part of the continuing process of transferring more responsibility both
administrative and financial to the management of Trade Aid Tanzania, the
responsibility for and administration of the CEP, FESS (Further Education
Student Support) programmes, as well as the SPF (Small Project Fund) have
now been transferred to Trade Aid Tanzania
The conservation work through the Mikindani Museum ('Makumbusho')
progressed in 2024 with a visit by Robert Williams. Trade Aid benefits
enormously from his generous donation of time, expertise and fund-raising
efforts. He, together with a small team of volunteers (led by Tim Jordan-
Dench) in the UK, ensures that the Museum is constantly expanding and
attracting interest. A video documentary focusing on the Museum and the
origins, culture and history of Mikindani was filmed and published in 2024. It
is hoped that this
documentary, which has been nominated for the 2024 Smiley Charity Film
Awards, will further raise awareness of the Museum. Trade Aid continues to
fund the upkeep of Livingstone House, which houses the Museum, as well as
financing the staffing requirements.
As part of our ongoing conservation work in the area, the restoration of
Governor Dumquat's House in Mikindani was completed during 2024.
Governor's House now includes showering and changing facilities for staff and
trainees and also provides a canteen where they can meet up during breaks.
The garden has been landscaped and a banda built which will provide
facilities for hosting weddings and other community celebrations.
During 2024 the downturn in the number of international guests at the Old
Boma continued. Tension along the Tanzanian/Mozambique border and
threats of terrorist activity throughout southern Tanzania has led to foreign
governments issuing advice against all but essential travel to the region. It is

TRADE AID
hoped that this situation will ease during 2025 and that international guest
numbers will increase.
Objectives and Activities
Education for employment will remain the main objective for 2025, with two
further cohorts each of 20 trainees receiving comprehensive training at the
Old Boma as well as benefitting from field trips and work experience visits.
Expanding our internal training provision for staff will continue so that all
knowledge gained can be passed through to trainees and wider family
rnembers.
In 2025 Trade Aid will operate a Health and Safety Initiative for all staff and
trainees, emphasising the importance of good practice in the hotel and
throughout the project. It will include accident prevention and simple first aid
procedures.
Trade Aid will continue to build on the growth of the relationships it has
already made (nationally and internationally), spreading awareness of the
valuable work that Trade Aid does. This will be done through continuing to
establish new partnerships with educational establishments worldwide and
building on a database of past guests and trainees, as well as organisations
that are willing and able to support it.
Trade Aid will continue to seek out grants for the continuation of the
museum's expansion. It will continue to seek funding from interested parties
and it is hoped to create 'twinning' arrangements with other museums
throughout the world.
Trade Aid will continue to work with the local government agencies to support
the new by-laws created in 2021 .
2024 saw the start of a new annual Mikindani Day celebration, which will be
set every year during the month of June. It will be independent of any other
government celebrations held at other times during the year. It will be planned
and led by the Trade Aid Tanzania Trustees and Management Team in
conjunction with local council members.
Trade Aid continues to be dedicated in efforts to communicate with local
communities on the benefits of conserving historic buildings and the economic
benefits of sustainable tourism. This is done through participatory
conservation efforts. Trade Aid will continue to seek funding for the protection
of historic buildings in Mikindani throughout 2025 so that these efforts can

TRADE AID
continue, and the historic buildings remain both an educational and economic
asset to the community.
The establishment of a referencellending library is planned for 2025 which will
provide facilities for staff, trainees and the wider community to access books
and the internet.
Trade Aid intends to increase its environmental projects, and its commitment
to combating climate change. We aim to do this by assessing our reliance on
generators, fossil fuels and use of vehicles. Trade Aid also hopes to support
small community based environmental projects in Mikindani.
Trade Aid UK will continue to transfer administrative and financial
responsibility to the local management of Trade Aid Tanzania.
Financial Review
It is the charity's policy to retain only suff icient reserves to safeguard the
continuity of its overseas operations, thereby committing the maximum
possible resources to its current programmes. At the close of 2024, Trade Aid
held £13,060.94 in reserve which is allocated to Trustee-approved projects. In
addition, Trade Aid held £532 in its current account.
In 2024, the principal source of project funding continued to come from the
Larasian Group, which also funded all administrative costs, including
employee salaries.
Funds Held as Custodian on behalf ol Others
None
Declaration and Public benefit Statement
The Trustees believe that they have complied with their duty to have due
regard to the guidance of public benefit published by the Commission in
exercising their powers and duties.
The Trustees declare that they have approved the above Trustees, report.
Signed on behalf of the Charity's Trustees
Jane Langford
Chair of Trustees
Dated
Iilimfvl 2025

TRADE AID
Independent Examiner's report to the trustees of Trade Aid
I report to the trustees on my examination of the accounts Trade Aid (The Trust) for the
year ended 31 December 2024, which are set out on pages 2 to 16.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011('the Act,).
I report in respect of my examination of the Trustee, s accounts carried out under
section 145 of the 201 l Act and in carrying out iiiy exainination I have followed all
the applicable Directions given by the Charity Commission under section 145(5)(b) of
the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to
my attention in connection with the examination giving me cause to believe that in
any material respect:
(l ) accounting records were not kept in respect of the Trust as required by section 130
of the Act. or
(2) the accounts do not accord with those records. or
(3) the accounts do not comply with the applicable requirement.8 concerning the forni
and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
Signed:
James Fletcher
Fletcher & Partners
Chartered Accountants
Crown Chambers
Bridge Street
Salisbury
SPI 2LZ

TRADE AID
Statement of Financial Activities
Year lo 31 December 2024
Note Unrestricted Restricted
Funds
Funds
2024
Tolal
Funds
2023 Tolal
Funds
Income from:
Donations and Legacies
Investments
Total Income
51,885
780
105,474 157,359
780
105 474 158 139
233,209
233,209
Expenditure on:
Charitable activities
Total Expenditure
135,399
135 399
114,780
250,179
114,780 250 179
155,021
155 021
Net {expenditure)lincome
(82,734)
(9,306) (91 ,980)
78,188
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
94,016
10,593
104,609
26,421
Total funds carrled
forward
11,282
104609
The Statement of Financial Activities has been prepared on the basis that all operations are
continuing operations.

TRADE AID
Balance Sheet
As at 31 December 2024
2024 Total
funds
2023 Total
funds
Note
Fixed Assets
Tangible fixed assets
Current Assets
Cash at Bank and in
hand
105,809
105,809
13,829
Liabililies
Creditors - amounts
falling due within one
year
1,260
1,200
Net Current Assets
1,260
Total Net Assets
104 609
The funds of the
charity
Unrestricted funds
Restricted income funds
11,282
1,287
94,016
10,593
10
Total Funds
104 609
These financial statements were approved by the board ol Trustees on the
and signed on its behalf-
Jane Langford
Chairman
David E
Trustee
onds

TRADE AID
Notes to the Financial Statements for the year ended 31st December 2024
Accounting Policies
The following accounting policies have been applied consistently in dealing with
items which are considered material in relation to the financial statements-
1. Basis of Preparation
The financial statements have been prepared under the historical cost convention
and in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom accountancy standards and applicable regulations), the Statement
of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard (FRS 102) and the Charities Act
2011.
The trustees consider that there are no material uncertainties about the charity's
ability to continue as a going concern.
There are no significant judgements that affect items in the accounts.
There were no significant assumptions made about the future and no other significant
sources of estimation uncertainty at the reporting date that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within
the next financial year.
Income
Recognition of income
Income is included within the Statement of Financial Activities (SOFA) when-.
The Charity becomes entitled to the resource
The Trustees believe that receipt is probable
The monetary value can be measured with suff icient reliability.
Grants, donatlons and gifts
Grants donations and gifts are included in the SOFA when the Charity has
unconditional entitlement to the resources.
Volunteer help
The value of any voluntary help received is not included in the SOFA but is described
in the Trustees Report.
Interest income
This is included in the accounts when received.
10

TRADE AID
Notes to the Financial Statements for the year ended 31st December 2024
Accounting Policies (continued)
Expenditure and Liabilities
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to the expenditure.
Governance costs
These include costs of the preparation and examination of statutory accounts, the
cost of Trustee meetings and supervisory visits to Tanzania and costs of any legal
advice to Trustees on governance or constitutional matters.
Grants payable
These are only recognised in the accounts when a commitment has been made and
there are no conditions to be met in relation to the grant.
Support Costs
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, e.g. allocating staff costs
by time spent and other costs by their usage.
Pensions
Contributions are made to a defined contribution scheme and are charged to the
accounts as incurred.
Taxation
No charge to current or deferred taxation arises as the charity's activities are exempt
from UK taxation.
Foreign Currency
Transactions in foreign currencies are recorded in sterling at the rate ruling on the
date of the transaction.
Fund Accountlng
Restricted funds
Restricted funds represent grants and donations received which can only be used for
particular purposes specified by the donors. Such purposes are within the overall
aims of the charity. A general transfer of 30 % of such funds may be made to
unrestricted funds to cover the cost of unallocated general as well as support
activities, e.g. the cost of sending UK personnel to Tanzania is not individually
allocated although such personnel work on activities funded from both restricted and
unrestricted sources.

TRADE AID
Notes to the Financial Statements for the year ended 31st December 2024
Accounting Policies (continued)
Unrestricted funds
Unrestricted funds comprise General funds.
General funds represent amounts, which are expendable at the discretion of the
Trustees in furtherance of the objectives of the charity.
Designated funds represent amounts that the Trustees may, at their discretion, set
aside for specific purposes that would otherwise form part of the general reserves of
the charity. Specifically Trade Aid sets aside funds so that it can protect its ongoing
programme of work from unexpected variations in income.
Assets
Cash at bank and in hand includes cash on deposit at the bank.
12

TRADE AID
Notes to the Financial Statements for the year ended 315t December 2024
2. Analysis of donations and legacies
Note
Unreslricled
funds
Restricted
Funds
2024 Total
Funds
2023 Total
Funds
Donations and legacies
Corporate Donations
Trusl donations
Other donations
Tolal donations and
legacies
52.665
52,665
207.487
105,474
105,474
25,722
52,665
105 474
158 139
3. Expenditure on charitable activities
Note
Unrestricted
funds
Restricted
Funds
2024 Total
Funds
2023 Total
Funds
Costs on behalf of Trade Aid
Tanzania
Grants to Trade Aid Tanzania
Salaries and staff expenses
Travel and staff costs
Support costs
Governance costs
Total Expenditure on
charitable aclivities
8,024
101,784
13,237
8,024
216,564
13,237
2,684
125,137
13,842
1.482
9,333
114.780
7,728
7.728
135 399
114780
250 179
155 021
4. Analysis of support costs.
Support costs
2024
2023
Payroll costs
Insurance
Office running costs
2,438
279
5,322
338
Total support costs
All such expenditure relates to unrestricted funds
5. Analysis of Governance Costs
Governance cosis
Legal Fees
Trustee expenses UK
Accountants fees
Trustee expenses TZ
2024
2023
1,096
1,260
395
1,200
948
Total governance cosis
13

TRADE AID
Notes to the Financial Statements for the year ended 31sI December 2024
6. Fees for examination of the Accounts
2024
2023
Independent examiner's fee
1,260
7. Analysis of Staff costs
Staff Cosls
2024
2023
Included within support costs:
Gross Wages - UK staff
Slaff Training
Pension costs
Employers N I Contributions
Toial wlthln support cosls
Gross Wages - TZ stalf (split between
Charilable activities and grants to
Trade Aid Tanzania)
2,438
5,322
2,438
5,322
13,237
15,675
13,842
19,164
Average number of full time employees-
Administration
Charitable activities
The charity recruits and employs volunteers in the UK. who are then posted io Tanzania.
Their employment and transport costs are recorded as Grant funding of charitable activilies.
In 2024 no UK volunteers worked lor this charity. All volunteers who assisted us in 2024 were
Tanzanians working in our sister charity Trade Aid Tanzania.
No employees received employee benefits (excluding employer pension contribution nor
employer national insurance contribution) of more than £60,000 in either 2024 or 2023.
8. Creditors
Creditors: amounis lalllng due within
one year
2024
2023
Accountancy Accrual
PAYE Creditor
1,260
1,200
14

TRADE AID
Notes to the Financial Statements for the year ended 31sI December 2024
9. Movement on Funds
Fund
balances as
a131
December
2024
Fund balances
asat1
Janua
2024
Income
Ex
enditure
Unreslricted funds
General Funds
94,016
52.665
135,339
11,342
Resirlcted funds
GEPICEP
TATZ- Fund
Mikindani Museum
Bank House
Brian Currie
FESS
Communiiy Fund
Training
Capital Projects
1,474
2,200
1,182
4.978
72
6.333
7,795
2,200
1,900
4,978
7.045
13,875
7,000
687
12
1,721
1,003
7.125
13,995
7,000
152
120
687
105 474
114780
Toial Funds
104,609
158,139
250119
10. Movement on funds- Previous year
Fund
balances as
at31
December
2023
Fund balances
asat1
Janua
2023
Income
endlture
Unrestricled funds
General Funds
17,272
207.487
130.743
94,016
Restrlcted funds
GEPICEP
TATZ
Mikindani Museum
Bank House
Small Projects Fund
Brian Currie
FESS
Community Fund
Training
Capital Projects
1,354
3,885
4,000
1,738
3,765
1,800
1,363
1,474
2.200
1,182
4.978
807
4,978
93
630
601
2,200
12,215
1.884
2,093
12,772
2,485
72
687
687
Total Funds
233 209
155 021
104 609
All funds are held within current assets - { 2023- All within current assets )
15

TRADE AID
Restricted Funds
TATZ- a contingency reserve for Trade Aid Tanzania.
Bees - Funds donated lo support a group of local beekeepers in Mikindani. They keep
stingless bees and sell their produce, including honey, wax etc.
SPF- Small Projects Fund. Funds donated each year by Larasian1£2.000) for use by Ihe
Project Manager TZ to help local people at his discretion, for their special/emergency needs.
including heallh, property repairs, special education.
CEP - Child Education Project. Funds donated by private sponsors to support local
Mikindani children through primary and secondary education.
Community - A lund into which donations for various other personal projects are
deposited. For example, in 2016 the then UK Project Manager, Alex Cole. sponsored the
Mikindani Foolball Team and supported a local Mikindani man in ill health. Pam Field
contributed in 2017 and 2023 to the cost of a prosthetic leg for Nasra Mohammed. employed
as receptionist at the Old Boma Hotel.
FESS - Further Education Student Support. Funds reserved to sponsor young adults
through Further and Higher Education. Donations used to come in from private donors in the
UK. This is now funded in Tanzania from part of Ihe donation from Mr & Mrs Herting. No
further funds after 2024 will be raised in the UK for this project.
DAuseum - Funds reseNed for the improvement of the Mikindani Museum, including display
materials, exhibits and more recently the Mikindani Museum Film.
Mitengo - Funds donated for a project to build a craft college at Mitengo. Plans for this have
been postponed indefinitely.
Bank House- Funds that were originally donated by LarasianlBrian Currie for the restoration
of Bank House - now completed.
Training - Fund for special training for TATZ staff, in addition to their "normal" training ai the
Old Boma Holel in Hospitality skills, English and IT.
TwinslBCG fund inlo which personal donations from Brian Currie are paid for various
personal projects in Mikindani. He sponsors, amongsl others, school fees for'the Twins"
Fatuma's shop. Dr Ndagala's Bukoba Museum.
11. Key management personnel and related party transactions
In Tanzania. Trade Aid operates Ihrough an independent Tanzanian registered Charity- Trade
Aid Tanzania. The Chairman of Trade Aid- Mr Brian Currie, is a Trusiee of Trade Aid Tanzania.
Trade Aid Tanzania receives most of its funding in the form of grants from Trade Aid, although
some relatively minor funds are raised locally in Tanzania. In 2024 Trade Aid UK provided
£101,784 (2023- £102.8261 of lunds for Trade Aid Tanzania.
Trade Aid Tanzania is subject to a full audit of its accounts in Tanzania.
Trustees are not remunerated. £1,492 was reimbursed for directly incurred travel expenses to
two trustees (2023 - £2,019)
During the year the charity received £143.485 (2023: £222,890) in donations Irom trustees and
enlities controlled by trustees of the charity.
16