OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Charitable Trust For The Tongabezi Trust School

2023-12-31-accounts

The Charitable Trust for the Tongabezi Trust School

Trustees 2023 Annual Report

1

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

The Charitable Trust for the Tongabezi Trust School Trustees 2023 Annual Report

This Annual Report covers the period from 1[st] January 2023 to 31[st] December 2023

Section A Reference and Administration Details

A1. Charity’s Name :

The Charitable Trust for the Tongabezi Trust School

A2. Registered Number : 1096710

A3. Charity’s Address : Flat 2 Albany Court, 225 Richmond Road, Kingston Upon Thames, KT2 5DF

A4. Charity Trustees :

Name Specific Expertise
David Fettes Finance
Glen Jones-Smythe Finance
Susan Lea Education
Zoe Olukoga Finance & Risk Management
Vanessa Parker Zambia & Tongabezi
Marie Price Performing Arts Education
Susannah Robert Education
Chantelle Thomas-Payne Business Management

There were no new trustees nor resignations during the financial year ending December 2023.

A5. Trustee Tenure

The Charity Commission does not impose a mandatory time limit on trusteeship. The Board of Trustees has, and regularly considers, the skills, knowledge and experience it needs to govern, lead and deliver the charity’s purposes effectively. It reflects this mix in its trustee appointments, balancing the need for continuity with the need to refresh the board.

A6. Advisers: Independent Financial Adviser : The Charity appointed P.G. Fry & Company, Chartered Accountants of Hatherley House, Bisley Green, Bisley, Woking GU24 9EW as the Charity’s Independent Financial Assessor. The Company carried out the assessment on the Charity’s 2023 Accounts and Trustees 2023 Annual Report and approved them without qualification.

Section B Structure, Governance and Management

B1. The Charity’s Declaration of Trust was made on 31st December 2002 . This

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

Deed (which is lodged with the Charity Commission) identifies how The Charitable Trust for the Tongabezi Trust School (hereinafter called “The Charity”) is constituted and stipulates that its property (the Trust Fund) shall be administered and managed by the Trustees.

B2. Replacement Trust Deed . The Trustees have made various amendments from time to time to the Trust Deed. In May 2020, an amendment was resolved by Trustees to better reflect the new and wider objectives of The Charity (please refer to Section C1).

Section C Objectives and Activities of the Charity

C1. Summary of Objectives : The Trustees shall hold the Trust Fund and its income upon trust to apply for the following Objectives:

C2. Summary of the Main Activities Undertaken for the Public Benefit .

The Trustees have paid due regard to the Charity Commission guidance on Public Benefit; the principal charitable activities and beneficiaries are outlined below.

(a) The School

3

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report

www.tujatane.com

The children of Tongabezi Trust School all live in rural Zambia; the School’s primary aim is to provide them with an appropriate education, providing an opportunity to escape from the poverty trap into which they were born. The students currently begin their education journey in preschool (aged 3-4) and stay at the School through to Grade 9 (aged 14-15). The students continue into various secondary schools in Livingstone and the Southern Province, completing their secondary education from Grades 10 to 12 (up to age 18).

The main Sponsorship Programme is designed to ensure that children are supported all the way from preschool to the end of secondary school. Although the School teaches up to Grade 9, it is committed to empowering hardworking students to finish their schooling and receive a final school certificate.

The sponsorship amount is therefore calculated based on the average cost of this journey per year per child, and each donation goes into a shared fund to support preschool, primary, and secondary school programmes. Our sponsors then form direct relationships with individual children, as they are directly empowering the student’s educational journey.

Thanks to the support of our sponsors, the School can offer high-quality education to an underprivileged community from the very beginning of a child’s education in preschool to the completion of their secondary school in Grade 12. This improves the lives of not only our students, but their families as well, as education is the most effective way to break the cycle of poverty.

The School continues to offer not only an enriched academic programme, but a holistic education that includes a wide range of extra-curricular activities such as music, art, performing arts, chess, sports, and gardening. This ensures that students grow into wellrounded young people who can positively impact their communities.

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

4

(b) The Twaabane Creative Centre

The mission of the Twaabane Creative Centre is to deliver high-quality vocational training, strengthen employment pathways, and increase income opportunities for the families of Simonga and neighbouring villages. In a community with a stubbornly high poverty rate, and low educational attainment, many residents rely on low-paid, unskilled labour opportunities to provide for their families. High-quality vocational skills training has the potential to make a powerful impact.

The Centre began activities in a very small way during the COVID-19 pandemic: both as a base for emergency food distribution parcels to support local families and a Community Garden programme to improve food security within the Simonga area. In 2021, the vocational programme was launched, as it became evident that tailoring and gardening skills were in high demand in the Simonga area. The Centre also provides adult literacy and numeracy classes for basic reading, writing and maths skills. A Women’s Empowerment Group meets once a week with a trained counsellor to offer guidance on social issues.

C3. Special Funds : The School has instigated various specific funds to benefit the children of Tongabezi Trust School and their families:

Section D Achievements and Performance in 2023

D1. Total Income : Total income increased by 19% to £297,755 (2022: £250,081). This was mainly driven by: • Increased regular donations to our child sponsorship and food programmes totalling £168,337 (2022: £139,286).

5

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

D2. Fund Raising Events : The Charity received £6,379 (2022: £10,079) from various organized events.

D3. Administration Costs : The Charity administration costs were £15,226, representing 5% of all income received (2022: £14,975 / 6.0%).

6

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

D4. Achievements

a) Solar Lights Fundraiser for Grade 7 and 9 Students

Many exam year students (Grade 7 and 9) faced challenging study environments with no access to electricity in Simoonga and other surrounding villages. Homework assignments, exam preparations, and self-study became incredibly challenging tasks, often requiring the use of candles, which pose safety hazards. In January 2023, the students decided to act by appealing to the Board of Governors for assistance. The request was simple: provide them with a source of light to extend their study hours.

In response to this request, a fundraising campaign titled “Tujatane 27th birthday Solar Lights Fundraiser” was launched. The campaign aimed to raise $1,000 in funds to purchase solar-powered portable lights for each Grade 7 and 9 student. Our incredible international Tujatane family rallied behind the cause, with sponsors and supporters contributing generously.

The fundraising campaign was a success, exceeding its initial target and raising $2,309 As a result, each Grade 7 and Grade 9 student received a solar-powered portable light, which has extended their study time, making them better prepared for national exams. With the surplus funds raised, the School was also able to purchase solar lights for all the Adult Education students. There are already plans in place to provide solar lights to the Grade 7 and 9 students of 2024, ensuring each new class of students has the tools they need to succeed.

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

7

b) Twaabane Creative Centre impact

During 2023, the Centre has measured its impact in the following ways:

Additionally, the Centre hosted three impactful partnership projects throughout the year. In June, the team worked together with Jeremiah English Speaking School (JESS) to deliver a Period Empowerment Project which saw over 300 packs of reusable pads distributed to women and girls, alongside educational workshops. The Women’s Empowerment Group also partnered with Livingstone Central Hospital to host an information-sharing session about the local support services available to individuals and families experiencing Gender Based Violence, and how to access them. Finally, in July, the Centre partnered with two photography students from ‘Made in my Camera’ who took 200 high quality photographs for exclusive use.

8

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

c) Tertiary Sponsorship – celebrating graduation success

Through our donor’s generous support of our Tertiary Sponsorship Program, we are transforming the lives of our students, lifting them out of poverty and opening doors that were once thought unattainable.

Meet Andrew

From a humble background where he was the first in his family to pursue and successfully graduate with a degree, Andrew's determination and dedication have not only transformed his life but also inspired those around him. Thanks to the generosity and encouragement of his sponsor, he has surmounted every obstacle that he encountered and is now the proud holder of a degree (Bachelor of Arts with Education - Geography and Mathematics).

Andrew - at home in the village and on his graduation day, graduating with a BA with Education - Geography and Mathematics on 10th November, 2023.

9

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

Section E Financial Review of the Charity

E1. Income : The Charity continues to receive monthly (or annual) payments from approximately 300 generous individual or company donors, generally as contributions to either the ‘sponsoring a child programme’ or the ‘food programme’. The amount received of Restricted Funds from these donors in the financial year ending 31[st] December 2023 was £269,627 (2022: £236,937). Other one-off Unrestricted Fund contributions in the financial year totalled £28,128 (2022: £13,144). The Charity has an account with JustGiving.com to allow sponsors to donate online and with Giveasyoulive.com, which relates to Internet shopping. The Charity has also arrangements with two other internet sites: Amazon Smile and Global Giving.

E2. Gift Aid : £35,627.56 of Gift Aid was reclaimed from HMRC on 17[th] April 2024 in respect of donations made in the tax year ending April 2023 by Sponsors who pay tax in the UK.

E3. Deposits in the UK : At the end of 2023, the Charity was managing £1,074,945 (2022: £905,039) across twelve separate UK financial institutions. It is also a policy to spread the risk on deposits held in the UK by restricting any one bank deposit so that it does not exceed the limit of compensation covered by the UK Government’s Financial Services Compensation Scheme ( £85,000 during FY2023 ).

E4. Bank Interest : The Charity earned £14,874 (2022: £5,926) interest on funds lodged in ten separate deposit bank accounts in the UK.

E5. Reserves Policy : The Charity Commission provides guidance in its paper “Charity Reserves: Building Resilience (CC19)” and states that a Reserves policy should be reviewed by the Board of Trustees on at least an annual basis. The regulator expects trustees to decide, publish, implement and monitor their charity’s Reserves policy so they can comply with their legal duties to:

The key theme of the guidance is that the policy requires a careful balance to ensure that charitable funds are committed as quickly as possible to meet needs of beneficiaries whilst, at the same time, ensuring that the organization has sufficient financial resources to deal with unforeseen or unplanned events. This is to ensure that operations can be maintained whilst remedial action is taken. The guidance also makes clear that the level of reserves held is fundamentally a matter of judgement for a trustee board which needs to consider the specific circumstances of the charity. In practical terms, most charities base the reserve target on some form of operational expenditure.

In considering reserve levels at the Charitable Trust for the Tongabezi Trust School, the trustees recommend carrying a minimum amount of twelve months of operational costs with an additional a 10% buffer (approximately £550,000 equivalent per annum).

10

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

Such a minimum level ensures there is no significant mid-year disruption to our charitable activities and will enable the organisation to respond to any unforeseen reduction in income. This recommendation also underlines our commitment to deliver long-term societal and economic benefit to a whole community of underprivileged child and adult beneficiaries. Such an approach is also in line with our current investment risk-appetite to use fixed-rate cash deposit and notice accounts across UK banking institutions only.

At the end of 2023, the Charity held £198,486 in unrestricted funds and £876,459 in restricted funds.

E6. Transfers to The School : During 2023 the Charity transferred £112,584 to the School’s bank account in Livingstone, Zambia.

The Charity keeps a close eye on what funds are held locally to heed the following advice of the Charity Commission:

“ when deciding how much money to hold locally in the country you are working, you should think about what risks your charity is open to. You could lose money if the local banking system collapses, or the exchange rate drops, for example. You should aim to keep the smallest amount of local funds you will need . ”

E7. Exchange Rate Fluctuation : The Zambian Kwacha exchange rate against the £Sterling at the beginning of FY2023 was ZK22.00 = £1. During the year, the Kwacha weakened and ended FY2023 at ZK32.85 = £1. The School receives significant regular donations from both the UK and the US and keeps a careful watch on both the US$ and the £Sterling exchange rates before it chooses which currency to exchange into Zambian Kwacha.

E8. Obligations to meet The School’s Financial Requirements during FY2024

11

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

Section F Financial Review of Zambia

F1 Introduction - Basic Country Details

Zambia is a large, landlocked, resource-rich country with sparsely populated land in the centre of Southern Africa. It shares its border with eight countries (Angola, Botswana, Democratic Republic of Congo, Malawi, Mozambique, Namibia, Tanzania, and Zimbabwe) that serve as an expanded market for its goods.

Zambia is experiencing a large demographic shift and is one of the world’s youngest countries by median age. Its population, much of it urban, is estimated at about 19.6 million (2021), with a rapid growth rate of 2.7% per year, reflecting the relatively high fertility rate. As the large youth population attains reproductive age, the population is anticipated to double in the next 25 years, resulting in additional pressure on the demand for jobs, health care, and other social services.

The following sub-clauses are as reported by the most recent information published on the World Bank Group website.

F2 Macroeconomic Developments and Outlook

Despite protracted debt restructuring, Zambia’s economy is recovering from the multiple and compounding crises. Real GDP grew at an average rate of 5.7% in 202123, primarily driven by growth in transport, information and communications, finance and insurance, and a rebound in hospitality and education. However, the current account narrowed and slipped into deficit in 2023 due to a contraction in copper production and exports for three consecutive years, significantly reducing foreign currency earnings. Combined with the uncertainty in finalizing Zambia’s debt restructuring, this put pressure on the exchange rate, leading to 41.8% depreciation in 2023. At the same, the depreciation fueled inflation to rise way above the Bank of Zambia's 6–8% target range, despite monetary restraint and fiscal prudence.

Progress on debt restructuring, including a recent agreement in principle with bondholders accepted by official creditors and the IMF, is paving the way for exchange rate stability, which is expected to bolster macroeconomic stability and reduce inflation. In 2024, a cholera epidemic and severe drought that has adversely impacted agriculture and food production, electricity availability, and water supply will dampen growth. However, an expected upturn in mining driven by foreign direct investment inflows into critical green energy transition minerals, if realized, may offset some of the losses.

Zambia ranks among the countries with the highest levels of poverty and inequality globally. Poverty reached 60% of the population in 2022, up from 54.4% in 2015, worsened by limited job creation and declining labor earnings. The urban population recorded the highest reversal, with an 8.5 percentage point increase in poverty incidence reaching 31.9% in 2022. The spike is undoubtedly linked to the COVID-19 pandemic and the ensuing debt crisis. However, the growth deceleration that preceded the crises was already manifesting in weakening labor market indicators such as formal employment and earnings. Meanwhile, rural poverty remained widespread and

12

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

stagnant, surpassing 75% since 2010. Rural/urban disparities in access to essential services remain stark, hindering human capital development and labor productivity.

F3 Political Outlook

Zambia gained its independence in 1964, under the leadership of first President Kenneth Kaunda. The nation is considered a stable country with successful democratic elections held every five years. After many years of a one-party state, Zambia became a multi-party state in 1991.

Zambia’s democracy is evident by the nine Presidential elections and four different political parties that have so far ruled the country. Among them are the United National Independence Party (UNIP 1964-1991), Movement for Multiparty Democracy (MMD 1996-2011), Patriotic Front (PF2011-2021) and currently the United Party for National Development (UPND). The current President Hakainde Hichilema of the UPND was elected in August 2021, after defeating then-incumbent President Edgar Lungu of the Patriotic Front. The next presidential elections in Zambia will be held on August 12, 2026.

Section G Standard Questions and Answers as required by the Charity Commission for FY 2023

G1 Standard Questions and Answers: See Annex A

G2 Funds Donated from Overseas: See Annex B

Section H Declaration

The Trustees declare they have approved the above Trustees Financial Year 2023 Annual Report.

Signed on behalf of the Charity’s Trustees.

Glen Jones-Smythe Trustee and Treasurer

October 19[th] , 2024

13

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

14

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

The Charitable Trust for the Tongabezi Trust School

Annex A

Standard Questions and Answers as required by the Charity Commission for FY 2023

3 Income and spending Income £297,755
Spending £127,849
4 For the period of this return, were there No
any serious incidents that the charity
failed to report to the commission?
5 Does your charity raise funds from the Yes
public?
6 Does your charity work with a No
professional fundraiser?
7 Does your charity have written N/A
agreements with all of its professional
fundraisers?
8 Does your charity work with a Yes
commercial participator?
9 Does your charity have written Yes
agreements with all of its commercial
participators?
10 Is grant making the main way your Yes
charity carries out its purposes?
11 During the financial period for this No
return, did your charity receive income
from contracts (other than grant
agreements) from central government
or a local authority?
12 How many contracts (other than grant N/A
agreements) did your charity have from
central government or a local authority?
13 What was the total value of the N/A
contracts held from central government
or a local authority?
14 During the financial period for this No
return, did your charity receive any No
grant funding from central government
or a local authority?
15 How many grants did your charity N/A
receive from central government or a
local authority?
16 What was the total value of the grants N/A
held from central government or a local
authority?
17 During the financial period for this Yes
annual return, did the charity receive
income from outside of the UK?
18 Select countries the charity received Australia, Belgium,
income from, or select 'Unknown/don't

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

15

know if applicable'.

Hong Kong, Netherlands, Poland, Switzerland, (a) Zero (b) Zero (c) Australia: £700 Belgium: £2,553 Hong Kong: £1,800 Netherlands: £888 Poland: £472 Switzerland: £13,148 (d) £472 (e) Zero Yes Zambia

Zambia: £112,584 All as grants to the Tongabezi Trust School No (f) BACS Payment either through National Westminster Bank plc or through Lloyds Bank plc

Yes Yes

No N/A No

30 For what services were any of the trustees N/A paid?

16

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

a) paid for being a trustee
b) paid for providing professional advice or
services to the charity
c) any other benefit from the charity
31 During the period covered by this annual No
return, did any of the trustees resign and
take up employment with the charity?
32 During the financial period for this annual N/A
return, did any of your charity's staff receive
total employment benefits of £60,000 or
more?
33 Enter the number of staff for each of the
following salary bands:		 N/A
£60,000 - £150,000 (increments of
£10,000)
£150,001 - ££500,000 (increments of
£50,000)
Over £500,000
34 What was the value of the total employee
benefits provided by the charity to its
N/A
highest paid employee?
35 How many UK volunteers, excluding Zero
trustees, did your charity have during the
financial period?
36 During the financial period for this annual Yes
return, did your charity review its financial
controls?
37 Has the charity obtained a Disclosure and
The trustees do not have
Barring Service (DBS) check on all
trustees, employees and volunteers in
eligible positions?		 one-to-one unsupervised
time with any of the
children at The School in
Zambia. The trustees have
therefore not deemed it
necessary for them to
undergo DBS checks.

GJS/September 2024

17

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

The Charitable Trust for the Tongabezi Trust School

Donations Received from Overseas during 2023 – Annex B

Country Donor Date Amount GBP Total Amount GBP
Australia Holt, L 01 06 2023 700.00 700.00
Belgium Franklin, K Various 777.00
Rolland, E 09 05 2023 1,776.00 2,553.00
Hong Kong Tyler, A 03 05 2023 1,800.00 1,800.00
Netherlands Loch, P 17 07 2023 888.00 888.00
Poland Embassy Intl School Various 472.00 472.00
Switzerland Secher, A 12,038.44
Iceta, P 1,110.00 13,148.44
Total Donations Received from Overseas during 2023 19,561.44

18

The Charitable Trust for the Tongabezi Trust School 2023 Trustees Annual Report www.tujatane.com

No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~		 No (if any)
Charity Name
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
CC16a
1096710
The Charitable Trust for the Tongabezi Trust School
01/01/2023
31/12/2023
~~ee ee ee ee-~~
Section A Receipts and payments
Unrestricted
funds		 Restricted funds Endowment
funds		 Total funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Regular Sponsorship 168,337 - 168,337 168,337 139,286
Lump Sum payments 9,440 26,646 - 36,086 36,086 34,713
Charitable Events 2,509 3,882 - 6,391 6,391 10,779
Specific Projects 30,978 - 30,978 30,978 17,467
Bank Interest 14,874 - 14,874 14,874 5,926
Tax Reclamed as Gift Aid 29,867 - 29,867 29,867 28,587
Food Programme 9,519 - 9,519 9,519 12,523
Medical and Music Fund 1,703 - 1,703 1,703 800
Sub total(Gross income for AR) (Gross income for AR)56,690 241,065 - 297,755 297,755 250,081
A2 Asset and investment sales,
(see table).
-
-
-
-
-
-
-
-
-
Sub total -
-
-
-
-
Total receipts
56,690
241,065
-
297,755
250,081
~~——————~~
A3 Payments
Contribution to management support - - 3,720
Trustees Insurance 598 598 598 811
Trustee Air Fare 3,810 3,810 3,810 2,587
Legal fees 3,900 3,900 3,900 -
Administration 541 541 541 809
Transfer of Funds to Zambia 112,623 112,623 112,623 90,942
Accountancy Fees 3,288 3,288 3,288 2,862
Advertising - - 975
Strategic planning meeting 2,524 2,524 2,524 1,591
Other 565 565 565 566
Donation - I phone for fundraiser - - **1,054 **
- -
**Sub total ** 15,226 112,623 - 127,849 127,849 105,917
A4 Asset and investment
purchases, (see table)
-
-
-
-
-
-
-
-
Sub total -
-
-
-
-
Total payments
15,226
112,623
-
127,849
105,917
~~—————~~
Net of receipts/(payments)
41,464
128,442
-
169,906
144,164
A5 Transfers between funds
-
- -
-
-
A6 Cash funds last year end
157,022
748,017
-
905,039
760,875
Cash funds this year end
198,486
876,459
- 1,074,945
905,039
~~SS6555~~

Section B Statement of assets and liabilities at the end of the period ~~ee~~

Unrestricted
Restricted funds		 Restricted funds Endowment
Categories Details funds funds
to nearest £
to nearest £		 to nearest £
B1 Cash funds 57,236
60,914
-
141,250
-
84,587
-
80,472
-
81,643
-
81,958
-
78,495
-
CAF Shawbrook
80,763
-
45,691
Charity Bank
35,470
Nationwide
81,385
Bath Building Society
82,543
Skipton Buildingsociety
82,538
-
198,486
876,459
-
Total cash funds
Virgin Money
National Westminster Bank
Hinckley & Rugby Building Society
Charity Deposit
Lloyds Bank
Redwood Bank
United Trust Bank
Hampshire Trust Bank
~~au~~
(agree balances with receipts and payments account(s)) OK
OK		 OK
Unrestricted
Restricted funds		 Restricted funds Endowment
funds funds
Details to nearest £
to nearest £		 to nearest £
B2 Other monetary assets -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~—=—=~~
Details Fund to which asset
belongs
Cost (optional)		 Current value
(optional)
B3 Investment assets -
-
-
-
-
-
-
-
-
-
~~ee~~
Details Fund to which asset
belongs
Cost (optional)		 Current value
(optional)
B4 Assets retained for the
charity’s own use		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~ase~~
Fund to which
Amount due		 When due
Details liability relates
(optional)		 (optional)
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities		 130,000
-
15,000
-
30,000
-
25,000
-
200,000
-
Date of approval
24/10/2024
Teacher Training
Exchange Rate Risk
Total Liabilities
Regular Sponsorship
Food Programme
Print Name
GLENJONES-SMYTHE
Signature
~~=~~

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the ' accounts Section A Independent ExamIne￿5 Report Report to the trusteesl members of The Charitable Trust for the Tongabezi Trust School On accounts for the year ended 31" December 2023 Charity no (if any) 1096710 Set out on pages One and two. I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3111212023 Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 ("the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out rny examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent ￿he charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept In accordance with section 130 of the Charities Act, or the accounts did not accord with the accounting records, or the accounts did not comply with the applicable requirements Con￿rning the form and content of accounts set out in the Charities (Accounts and Reports) RegLJlations 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 Please elete t e words n the brackets if they do not apply. Signed: Date: 24th October 2024 Name: Peter Graham Fry Relevant professional qualification{s) or body (if any)- Chartered Accountant IER Oct 2018

Address: Hatherley House, Bisley Green, Bisley, Surrey, GU24 9EW Sectlon B Dlsclosuro Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018