Shimbwe Development Trust 2020/2021 Annual Review **Shimbwe Development Trust** ## **TABLE OF CONTENTS** Introduction ........................................................................... 2 The Water System ................................................................. 3 Shimbwe Schools ................................................................. 4 Underprivileged Children Sponsorship Programme ...................................................... 5 Teacher Support Programme ................................................ 6 Shimbwe Development Trust and Covid-19 ........................................................................ 7 Trustees ................................................................................ 8 **1** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **INTRODUCTION** The Shimbwe Development Trust was registered in 1997. Its aims are to improve the quality of life of Shimbwe Community in Kilimanjaro Region in Northern Tanzania. “Once again Shimbwe Community are very grateful for the continued, unwavering support towards the development of Shimbwe Ward and the fight to break the circle of poverty and uplift our community to reach its undoubted potential.” ## **Dr Peter Tesha, Chairman** **2** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **THE WATER SYSTEM** General maintenance to mitigate against landslides, accidental damage by residents, general wear and tear. Construction of two more water intakes on the Kimangara spring and Mofuni spring on the slopes of Kilimanjaro Digging water systems (furrows) in the forest to deliver drinking water from Kimangara and Mofini springs to consumers. *Note: we are waiting on some additional piping to complete the project Construction of two points to release water pressure through gravity protecting pipes from damage **3** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **SHIMBWE SCHOOLS** Underprivileged Children Sponsorship Programme We believe everybody has a right to a good education. For some families in the community school fees are prohibitive and some children are forced to drop out of education. For those who have had to make difficult decisions on how to prioritise their finances we are offering an Underprivileged Children Sponsorship Programme to make up the shortfall. We are currently supporting 8 students at different stages of their education from secondary school students to students doing diplomas in Nursing, Hotel Management and Political Science. We are also sponsoring an aspiring Tour Guide and are proud to be helping a student . complete their degree in Marketing **4** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **TEACHER SUPPORT PROGRAMME** For several years now educators whose dedication and teaching efforts enabled pupils to attain grades C and above in their CSEE (Certificate of Secondary Education) subjects, equivalent to GSSE, have been financially rewarded. To date the scheme has proved successful. Elsewhere on site we have continued construction and furnishing the ‘Teachers’ Office’. We have also provide financing for two teachers at the nearby Shimbwe Chini Primary School to alleviate a teacher shortage. **5** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **SHIMBWE DEVELOPMENT TRUST AND COVID-19** Like the rest of the world Covid-19 was a major challenge to the charity and the work we could do. On the operations side, restrictions and supply chain issues meant we have not been able to do as much as we would have liked. Travel restrictions left trustees stranded in Tanzania for over two years making the UK administration tasks required for the charity to run smoothly were delayed. However given the circumstances we are proud of what we have been able to achieve during this unprecedented time. **6** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **ANNOUNCEMENTS** **----- Start of picture text -----**
On the human side we were devastated to lose one of
our beloved trustees Mr Salmon during the pandemic.
He was a valued member of the Trust and his hard work
and compassion were an inspiration to us all. Our thoughts
.
continue to be with his family and friends at this difficult time
**----- End of picture text -----**
**7** Shimbwe Development Trust 2020 **Shimbwe Development Trust** ## **TRUSTEES** The Shimbwe Development Trust is a UK registered charity (165737) and was registered with the UK Charity Commission in 1997. ## **Chairman** Dr Peter Tesha ## **Trustees** Dr E R Gerritsen Miss Joyce Matthews Archbishop Beatus Kinyaiya Mr Christopher Hoare Mrs Leocardia Tesha Mr Paul Tesha MB ChB ## **Webmaster** Mr Paschal Tesha ## **Website Editor** Mr Sifaeli Tesha ## **Address** Shimbwe Development Trust 11 Woodbury Close Tunbridge Wells Kent TN4 9LE ## **Contact** T: +44 (0)1892 536474 E: info@shimbwetrust.org ## **Website** shimbwetrust.org Payments were made to the accountants for their auditing work on the charity accounts. **8** Shimbwe Development Trust 2020 **REGISTERED CHARITY NUMBER: 1065737** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020** ||**Page**|| |---|---|---| |**Report of the Trustees**|1|| |**Independent Examiner's Report**|2|| |**Statement of Financial Activities**|3|| |**Balance Sheet**|4|| |**Notes to the Financial Statements**|5 to|8| |**Detailed Statement of Financial Activities**|9|| **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **REPORT OF THE TRUSTEES** ## **for the Year Ended 31 December 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1065737 ## **Principal address** 11 Woodbury Close TUNBRIDGE WELLS Kent TN4 9LE ## **Trustees** Dr P M Tesha Archbishop B Kinyaiya J Salmon (deceased 15.3.2021) Dr E Matthews C Hoare Dr P Tesha Mrs L Tesha ## **Independent Examiner** B Luxford FCA Chartered Accountant Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD ## **Bankers** HSBC Bank plc 105 Mount Pleasant Tunbridge Wells Kent TN1 1QP Approved by order of the board of trustees on 16 March 2022 and signed on its behalf by: Dr P M Tesha - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **Independent examiner's report to the trustees of Shimbwe Development Trust (Tanzania)** I report to the charity trustees on my examination of the accounts of Shimbwe Development Trust (Tanzania) (the Trust) for the year ended 31 December 2020. ## **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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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: 1. 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 requirements concerning the form 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. B Luxford FCA Chartered Accountant Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD 16 March 2022 Page 2 ## **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 December 2020** |2020
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
75,550
**EXPENDITURE ON**
**Charitable activities**
Donations to village projects
30,000
Other
1,245
**Total**
31,245
**NET INCOME**
44,305
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
31,696
**TOTAL FUNDS CARRIED FORWARD**
76,001|2019
Total
funds
£
24,939
10,000
372| |---|---| ||10,372| ||14,567
17,129| ||31,696| The notes form part of these financial statements Page 3 ## **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **BALANCE SHEET** ## **31 December 2020** |2020
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
76,841
**CREDITORS**
Amounts falling due within one year
4
(840)
**NET CURRENT ASSETS**
76,001
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
76,001
**NET ASSETS**
76,001
**FUNDS**
5
Unrestricted funds
76,001
**TOTAL FUNDS**
76,001|2019
Total
funds
£
31,696
-| |---|---| ||31,696| ||31,696| ||31,696| ||31,696| ||31,696| The financial statements were approved by the Board of Trustees and authorised for issue on 16 March 2022 and were signed on its behalf by: P M Tesha - Trustee The notes form part of these financial statements Page 4 **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. Page 5 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |||||Unrestricted| |---|---|---|---|---| |||||fund| |||||£| ||**INCOME AND ENDOWMENTS FROM**|||| ||Donations and legacies|||24,939| ||**EXPENDITURE ON**|||| ||**Charitable activities**|||| ||Donations to village projects|||10,000| ||Other|||372| ||**Total**|||10,372| ||**NET INCOME**|||14,567| ||**RECONCILIATION OF FUNDS**|||| ||**Total funds brought forward**|||17,129| ||**TOTAL FUNDS CARRIED FORWARD**|||31,696| |**4.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2020|2019| ||||£|£| ||Other creditors||840|-| |**5.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.1.20|in funds|31.12.20| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|31,696|44,305|76,001| ||**TOTAL FUNDS**|31,696|44,305|76,001| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|75,550|(31,245)|44,305| ||**TOTAL FUNDS**|75,550|(31,245)|44,305| Page 6 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **5. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1.1.19|in funds|31.12.19| ||£|£|£| |**Unrestricted funds**|||| |General fund|17,129|14,567|31,696| |**TOTAL FUNDS**|17,129|14,567|31,696| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|24,939|(10,372)|14,567| |**TOTAL FUNDS**|24,939|(10,372)|14,567| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
17,129
58,872
76,001
17,129
58,872
76,001|Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
17,129
58,872
76,001
17,129
58,872
76,001| |---|---|---| |||76,001| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|100,489|(41,617)|58,872| |**TOTAL FUNDS**|100,489|(41,617)|58,872| Page 7 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 8 **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Donations to village projects
**Support costs**
**Finance**
Bank charges
**Other**
Telephone
**Governance costs**
Auditors' remuneration for non audit work
Total resources expended
**Net income**|2020
£
75,550
75,550
30,000
60
345
840
31,245
44,305|2019
£
24,939| |---|---|---| |||24,939
10,000
30
342
-| |||10,372| |||14,567| This page does not form part of the statutory financial statements Page 9 **REGISTERED CHARITY NUMBER: 1065737** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020** ||**Page**|| |---|---|---| |**Report of the Trustees**|1|| |**Independent Examiner's Report**|2|| |**Statement of Financial Activities**|3|| |**Balance Sheet**|4|| |**Notes to the Financial Statements**|5 to|8| |**Detailed Statement of Financial Activities**|9|| **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **REPORT OF THE TRUSTEES** ## **for the Year Ended 31 December 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1065737 ## **Principal address** 11 Woodbury Close TUNBRIDGE WELLS Kent TN4 9LE ## **Trustees** Dr P M Tesha Archbishop B Kinyaiya J Salmon (deceased 15.3.2021) Dr E Matthews C Hoare Dr P Tesha Mrs L Tesha ## **Independent Examiner** B Luxford FCA Chartered Accountant Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD ## **Bankers** HSBC Bank plc 105 Mount Pleasant Tunbridge Wells Kent TN1 1QP Approved by order of the board of trustees on 16 March 2022 and signed on its behalf by: Dr P M Tesha - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **Independent examiner's report to the trustees of Shimbwe Development Trust (Tanzania)** I report to the charity trustees on my examination of the accounts of Shimbwe Development Trust (Tanzania) (the Trust) for the year ended 31 December 2020. ## **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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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: 1. 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 requirements concerning the form 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. B Luxford FCA Chartered Accountant Raymond Benn & Co Limited Chartered Certified Accountants Sheffield Stables 1 Sheffield Road Southborough, Tunbridge Wells Kent TN4 0PD 16 March 2022 Page 2 ## **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 December 2020** |2020
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
75,550
**EXPENDITURE ON**
**Charitable activities**
Donations to village projects
30,000
Other
1,245
**Total**
31,245
**NET INCOME**
44,305
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
31,696
**TOTAL FUNDS CARRIED FORWARD**
76,001|2019
Total
funds
£
24,939
10,000
372| |---|---| ||10,372| ||14,567
17,129| ||31,696| The notes form part of these financial statements Page 3 ## **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **BALANCE SHEET** ## **31 December 2020** |2020
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
76,841
**CREDITORS**
Amounts falling due within one year
4
(840)
**NET CURRENT ASSETS**
76,001
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
76,001
**NET ASSETS**
76,001
**FUNDS**
5
Unrestricted funds
76,001
**TOTAL FUNDS**
76,001|2019
Total
funds
£
31,696
-| |---|---| ||31,696| ||31,696| ||31,696| ||31,696| ||31,696| The financial statements were approved by the Board of Trustees and authorised for issue on 16 March 2022 and were signed on its behalf by: P M Tesha - Trustee The notes form part of these financial statements Page 4 **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. Page 5 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |||||Unrestricted| |---|---|---|---|---| |||||fund| |||||£| ||**INCOME AND ENDOWMENTS FROM**|||| ||Donations and legacies|||24,939| ||**EXPENDITURE ON**|||| ||**Charitable activities**|||| ||Donations to village projects|||10,000| ||Other|||372| ||**Total**|||10,372| ||**NET INCOME**|||14,567| ||**RECONCILIATION OF FUNDS**|||| ||**Total funds brought forward**|||17,129| ||**TOTAL FUNDS CARRIED FORWARD**|||31,696| |**4.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2020|2019| ||||£|£| ||Other creditors||840|-| |**5.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.1.20|in funds|31.12.20| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|31,696|44,305|76,001| ||**TOTAL FUNDS**|31,696|44,305|76,001| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|75,550|(31,245)|44,305| ||**TOTAL FUNDS**|75,550|(31,245)|44,305| Page 6 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **5. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1.1.19|in funds|31.12.19| ||£|£|£| |**Unrestricted funds**|||| |General fund|17,129|14,567|31,696| |**TOTAL FUNDS**|17,129|14,567|31,696| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|24,939|(10,372)|14,567| |**TOTAL FUNDS**|24,939|(10,372)|14,567| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
17,129
58,872
76,001
17,129
58,872
76,001|Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
17,129
58,872
76,001
17,129
58,872
76,001| |---|---|---| |||76,001| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|100,489|(41,617)|58,872| |**TOTAL FUNDS**|100,489|(41,617)|58,872| Page 7 continued... **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020** ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 8 **SHIMBWE DEVELOPMENT TRUST (TANZANIA)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Donations to village projects
**Support costs**
**Finance**
Bank charges
**Other**
Telephone
**Governance costs**
Auditors' remuneration for non audit work
Total resources expended
**Net income**|2020
£
75,550
75,550
30,000
60
345
840
31,245
44,305|2019
£
24,939| |---|---|---| |||24,939
10,000
30
342
-| |||10,372| |||14,567| This page does not form part of the statutory financial statements Page 9