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2021-04-05-accounts

Page
Report ofthe Trustees 1 to 7
Report ofthe Independent
Auditors		 8 to 9
Statement ofFinancial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 21
Detailed Statement ofFinancial Activities 22 to 23

2021 2020
Unrestricted Restricted Total Total
Notes fund
f		 fund funds
f		 funds
F
INCOME AND ENDOWIIENTS FROII
Donations
and legacies		 2 3,437,722 839,543 4,277,265 3,141,473
Investment
income		 3 16,579 16,579 16,903
Other income 4 710 710 867
Total 3,455,011 839,543 4,294,554 3,159,243
EXPENDITURE ON
Raising funds 5 549,505 6,964 556,469 632,244
Charitable
activities
Charitable
activities		 2,171,355 954,858 3,126,213 2,434,423
Support costs 35,010 35,010 35,573
Total 2,755,870 961,822 3,717,692 3,102,240
Net gains/(losses)
on investments		 1,069,832 1,069,832 ~207,541)
NET INCOME/(EXPENDITURE) 1,768,973 (122,279) 1,646,694 (150,538)
RECONCILIATION
OF FUNDS
Total funds brought forward 1,658,762 154,394 1,813,156 1,963,694
TOTAL FUNDS CARRIED FORWARD 3,427,735 32,115 3459 850 1,813,156

2021 2020
Unrestricted Restricted Total Total
Notes fund fund
f		 funds
f.		 funds
FIXEDASSETS
Tangible assets 12 8,300 8,300 9,540
Investments 13 3,178,219 3,178,219 1,553,286
3,186,519 3,186,519 1,562,826
CURRENT ASSETS
Debtors 14 49,929 49,929 71,954
Cash at bank 210,807 32,115 242,922 235,176
260,736 32,115 292,851 307,130
CREDITORS
Amounts
falling due within one year		 15 (19,520) (19,520) (56,800)
NET CURRENT ASSETS 241,216 32,115 273,331 250,330
TOTAL ASSETSLESSCURRENT
LIABILITIES 3,427,735 32,115 3,459,850 1,813,156
NET ASSETS 3,427,735 32,115 3,459,850 1,813,156
FUNDS 16
Unrestricted
funds		 3,427,735 1,658,762
Restricted funds 32,115 154,394
TOTAL FUNDS 3,459,859 1,813156


for the Year Ended 5
April 2021
2. DONATIONS
AND		 LEGACIES
2021 2020
Gift Aid Donations 1,006,032 885,252
Non Gift Aid Donations 2,610,134 1,611,557
Gift aid Tax Repayment 251,013 203,923
Grants 410,086 440,741
4,277,265 3,141,473
3. INVESTMENT INCOIIE
2021 2020
f
Interest received 522 228
Dividends
received		 16,057 16,675
16,579 16,903
4. OTHER INCOME
2021 2020
Bank interest received 710 684
Commission
received		 183
710 867
5. RAISING FUNDS
Raising donations and legacies
2021
f		 2020
PPS and Advertising 208,880 218,551
Database maintenance/hosting 13,506 10,782
Other fundraising
activities		 78,557 140,792
Support costs 255,526 262,119
556,469 632,244

CHARIT ABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
Charitable activities 3,126,213 3,126,213
Support costs 35,010 35,010
3,126,213 35,010 3,161,223
DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
E
Grants made in Zimbabwe 3,115,097 2,397,821
Other Direct Costs Zimbabwe 5,688 1,937
Travel & Subsistence overseas 5,428 33,226
Trustees expenses overseas 1,439
3,126,213 2,434,423

SUPPORT COST S
Other
Raising donations and legacies 255,526
Support costs 35,010
290,536
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
E E
Depreciation - owned assets 2,540 2,714

There were trustee's
expenses
paid
in the year ended 5 April 2021 totalling
Z2,545 (
relating to travel and subsistence
costs.		 There were trustee's
expenses
paid
in the year ended 5 April 2021 totalling
Z2,545 (
relating to travel and subsistence
costs.		 There were trustee's
expenses
paid
in the year ended 5 April 2021 totalling
Z2,545 (
relating to travel and subsistence
costs.		 There were trustee's
expenses
paid
in the year ended 5 April 2021 totalling
Z2,545 (
relating to travel and subsistence
costs.		 2020: E2,384
2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2,211,943 929,530 3,141,473
Investment
income		 16,903 16,903
Other income 867 867
Total 2,229,713 929,530 3,159,243
EXPENDITURE ON
Raising funds 625,612 6,632 632,244
Charitable
activities
Charitable
activities		 1,557,658 876,765 2,434,423
Support costs 35,573 35,573
Total 2,218,843 883,397 3,102,240
Net gains/(losses)
on investments		 ~207,541) ~207,541)
NET INCOME/(EXPENDITURE) (196,671) 46,133 (150,538)
RECONCILIATION
OF FUNDS
Total funds brought forward 1,855,433 108,261 1,963,694
TOTAL FUNDS CARRIED FORWARD 1,658,762 154,394 1,813,156

TANGIBLE FIXEDA SSETS
Fixtures
and Motor
fittings vehicles Totals
COST
At 6 April 2020 20,126 16,568 36,694
Additions 1,300 1,300
At 5April 2021 21,426 16,568 37,994
DEPRECIATION
At 6 April 2020 13,997 13,157 27,154
Charge for year 1,687 853 2,540
At 5April 2021 15,684 14,010 29,694
NET BOOK VALUE
At 5 April 2021 5,?42 2 558 8,300
At 5 April 2020 6,129 3,411 9,540
FIXEDASSET INVESTMENTS
2021 2020
Shares 3,178,218 1,553,285
Other 1 1
3,1?8,218 1,553,288
Additional
information		 as follows:
Listed
investments
F
MARKET VALUE
At 6April 2020 1,553,285
Additions 2,052,611
Disposals (1,491,264)
Revaluations 1,063,586
At 5April 2021 3,178,218
NET BOOK VALUE
At 5 April 2021 3,1?8,218
At 5 April 2020 1,553,285

for for for for the Year the Year End ed 5April 202 1
13. FIXEDASSET INVESTMENTS - continued
Proportion of
voting rights and
Undertaking Holding shares held Principal Activity
Subsidiary
undertaking
2021
Ordinary E1
Zane Professional Services Ltd share 100% Administrative services
2020
Ordinary f1
Zane Professional Services Ltd share 100% Administrative services
Investments
(neither listed nor unlisted)		 were as follows:
2021 2020
Shares
in ZPS		 Ltd 1
14. DEBTORS AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Amounts
owed		 by participating interests 603 603
Other debtors 10,325 36,243
HMRC Gift Aid refund due 38,360 19,333
Prepayments
and		 accrued income 641 15,775
49,929 71,954
Other Debtors are made up ofthe following:
2021 2020
F
Set up Australia 8,742
Set up America 6,359
Zim contractors loans for solar power 10,012 21,142
Expense advances 313
10,325 36,243

CREDIT ORS: AMOU NTS
FA		 LLING DUE WITHIN ONE Y EAR
2021 2020
Trade creditors 6,445 21,301
Amounts owed to participating interests 149
Other creditors 19,677
Accruals and deferred income 13,075 15,673
19,520 56,800

MOVEMENT IN FUNDS
Net
movement At
At 6/4/20 in funds 5/4/21
F F F
Unrestricted funds
General
fund		 1,658,762 1,768,973 3,427,735
Restricted funds
Restricted funds 154,394 (122,279) 32,115
TOTAL FUNDS 1,813,156 1,646,694 3,459,850
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
F F F
Unrestricted funds
General
fund		 3,455,011 (2,755,870) 1,069,832 1,768,973
Restricted funds
Restricted funds 839,543 (961,822) (122,279)
TOTAL FUNDS 4,294 554 ~3,717,692) 1,069,832 1,646,694

Net
movement At
At 6/4/19 in funds 5/4/20
Unrestricted funds
General
fund		 1,855,433 (196,671) 1,658,762
Restricted funds
Restricted funds 108,261 46,133 154,394
Comparative
net movement
in f		 unds,
included
in the abo		 ve are as follow s:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted
funds
General
fund		 2,229,713 (2,218,843) (207,541) (196,671)
Restricted funds
Restricted funds 929,530 (883,397) 46,133
TOTAL FUNDS 3,159,243 ~3,102,240) ~207,541) ~150,538)
A current yea r 12months
and prior year		 12months combined
position
is		 as follows:
Net
movement At
At 6/4/1 9 in funds 5/4/21
E F
Unrestricted funds
General fund 1,855,433 1,572,302 3,427,735
Restricted funds
Restricted funds 108,261 (76,146) 32,115
TOTAL FUNDS 1,963,694 1,496,156 3,459 850

A current year 12 months
and p
above are as follows:		 rior year 12 months
comb		 ined
net movem		 ent
in funds,
 included
in th
Incoming Resources Gains and Movement
resources
f		 expended losses in funds
f
Unrestricted
funds
General
fund		 5,684,724 (4,974,713) 862,291 1,572,302
Restricted funds
Restricted funds 1,769,073 (1,845,219) (76,146)
TOTAL FUNDS