| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 |
| Report ofthe Independent Auditors |
8 | to | 9 |
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | to | 12 |
| Notes to the Financial Statements | 13 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 22 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | ||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
2 | 2,962,994 | 1,100,468 | 4,063,462 | 4,277,265 | ||
| Investment income |
3 | 38,491 | 38,491 | 16,579 | |||
| Other income | 4 | 274 | 274 | 710 | |||
| Total | 3,001,759 | 1,100,468 | 4,102,227 | 4,294,554 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 5 | 690,304 | 7,312 | 697,616 | 556,469 | ||
| Charitable activities |
|||||||
| Charitable activities |
2,115,906 | 1,091,271 | 3,207,177 | 3,126,213 | |||
| Support costs | 17,486 | 17,486 | 35,010 | ||||
| Total | 2,823,696 | 1,098,583 | 3,922,279 | 3,717,692 | |||
| Net gains/(losses) | on investments | ~76,550) | ~76,550) | 1,069,632 | |||
| NET INCOME | 101,513 | 1,885 | 103,398 | 1,646,694 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 3,427,735 | 32,115 | 3,459,850 | 1,813,156 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,529,248 | 34,000 | 3,563,248 | 3,459,850 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | E | E | |||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 6,332 | 6,332 | 8,300 | |
| Investments | 13 | 3,273,750 | 3273 750 | 3,178,219 | |
| 3,280,082 | 3,280,082 | 3,186,519 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 42,727 | 42,727 | 49,929 | |
| Cash at bank | 236,154 | 35,148 | 271,302 | 242,922 | |
| 278,881 | 35,148 | 314,029 | 292,851 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (29,715) | (1,148) | (30,863) | (19,520) |
| NET CURRENT ASSETS | 249,166 | 34,000 | 283,166 | 273,331 | |
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES | 3,529,248 | 34,000 | 3,563,248 | 3,459,850 | |
| NET ASSETS | 3,529,248 | 34,000 | 3,563,248 | 3,459,850 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
3,529,248 | 3,427,735 | |||
| Restricted funds |
34,000 | 32,115 | |||
| TOTAL FUNDS | 3,563,248 | 3,459,850 |
| for the Year En | ded 5April 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 2. | DONATIONS AND |
LEGACIES | |||||
| 2022 | 2021 | ||||||
| E | |||||||
| Gift Aid Donations | 890,693 | 1,006,032 | |||||
| Non Gift | Donations | 2,950,096 | 2,610,134 | ||||
| Gift aid Tax Repayment | 222,673 | 251,013 | |||||
| Grants | 410,086 | ||||||
| 4,063,462 | 4,277,265 | ||||||
| 3. | INVESTMENT INCOME | ||||||
| 2022 | 2021 | ||||||
| Interest received | 522 | ||||||
| Dividends | received | 38,491 | 16,057 | ||||
| 38,491 | 16,579 | ||||||
| 4. | OTHER INCOME | ||||||
| 2022 | 2021 | ||||||
| Bank interest received | 274 | 710 | |||||
| 274 | 710 | ||||||
| 5. | RAISING | FUNDS | |||||
| Raising donations | and legacies | ||||||
| 2022 | 2021 | ||||||
| F | |||||||
| PPS and | Advertising | 306,108 | 208,880 | ||||
| Database | maintenance/hosting | 12,019 | 13,506 | ||||
| Other fundraising | activities | 92,214 | 78,557 | ||||
| Support costs | 287,275 | 255,526 | |||||
| 697,616 | 556,469 | ||||||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 7) | note 8) | Totals | |||||
| E | E | E | |||||
| Charitable | activities | 3,207,177 | 3,207,177 | ||||
| Support costs | 17,486 | 17,486 | |||||
| 3,207,177 | 17,486 | 3,224,663 |
| DIRECT CO | STS OF CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | F | ||
| Grants made | in Zimbabwe | 3,183,638 | 3,115,097 |
| Other Direct | Costs Zimbabwe | 2,049 | 5,688 |
| Travel &Subsistence overseas |
14,353 | 5,428 | |
| Trustees expenses overseas | 7,137 | ||
| 3,207,177 | 3,126,213 |
| Other | ||||
|---|---|---|---|---|
| Raising | donations | and | legacies | 287,275 |
| Support | costs | 17,486 | ||
| 304,761 |
| Net income/(e | xp | enditur | e) is stated after charging/(credi |
ting): | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| F | |||||
| Depreciation | - | owned | assets | 2,447 | 2,540 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fund | fund | funds | |||
| F | |||||
| INCOME | AND ENDOWMENTS | FROM | |||
| Donations | and legacies | 3,437,722 | 839,543 | 4,277,265 | |
| Investment | income | 16,579 | 16,579 | ||
| Other income | 710 | 710 | |||
| Total | 3,455,011 | 839,543 | 4,294,554 | ||
| EXPENDITURE ON | |||||
| Raising funds | 549,505 | 6,964 | 556,469 |
Page 15 continued...
| Notes to the Financial Statements -continued for the Year Ended 5 April 2022 |
Notes to the Financial Statements -continued for the Year Ended 5 April 2022 |
Notes to the Financial Statements -continued for the Year Ended 5 April 2022 |
Notes to the Financial Statements -continued for the Year Ended 5 April 2022 |
||
|---|---|---|---|---|---|
| 11. | 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| F | E | E | |||
| Charitable activities |
|||||
| Charitable activities |
2,171,355 | 954,858 | 3,126,213 | ||
| Support costs | 35,010 | 35,010 | |||
| Total | 2,755,870 | 961,822 | 3,717,692 | ||
| Net gains on investments | 1,069,832 | 1,069,832 | |||
| NET INCOME/(EXPENDITURE) | 1,768,973 | (122,279) | 1,646,694 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought |
forward | 1,658,762 | 154,394 | 1,813,156 | |
| TOTAL FUNDS CARRIED FORWARD | 3,427,735 | 32,115 | 3,459,850 | ||
| 12. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| and | Motor | ||||
| fittings | vehicles | Totals | |||
| F | E | ||||
| COST | |||||
| At 6 April 2021 | 21,426 | 16,568 | 37,994 | ||
| Additions | 479 | 479 | |||
| At 5 April 2022 | 21,905 | 16,568 | 38,473 | ||
| DEPRECIATION | |||||
| At 6 April 2021 | 15,684 | 14,010 | 29,694 | ||
| Charge for year | 1,807 | 640 | 2,447 | ||
| At 5 April 2022 | 17,491 | 14,650 | 32,141 | ||
| NET BOOK VALUE | |||||
| At 5 April 2022 | 4,414 | 1,918 | 6,332 | ||
| At 5 April 2021 | 5,742 | 2,558 | 8,300 |
Page 17 continued...
| DEBTORS:A | MOUNT | S |
F | ALL | ING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Amounts owed |
by participating | interests | 616 | 603 | ||||
| Other debtors | 7,101 | 10,325 | ||||||
| HMRC Gift Aid | refund | due | 32,560 | 38,360 | ||||
| Prepayments | and accrued | income | 2,450 | 641 | ||||
| 42,727 | 49,929 | |||||||
| Other Debtors | are made | up of | the following: | |||||
| 2022 | 2021 | |||||||
| Zim contractors | loans | for | solar | power | 4,918 | 10,012 | ||
| Staff advances | 313 | |||||||
| Libor Petty Cash | 2,183 | |||||||
| 7,101 | 10,325 | |||||||
| CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 | 2021 | |||||||
| Trade creditors | 8,787 | 6,445 | ||||||
| Other creditors | 1,147 | |||||||
| Accruals and deferred | income | 20,929 | 13,075 | |||||
| 30,863 | 19,520 |
| MOVEM | E | NT | IN FUNDS | |||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 6/4/21 | in funds | 5/4/22 | ||||
| F | E | |||||
| Unrestricted | funds | |||||
| General | fund | 3,427,735 | 101,513 | 3,529,248 | ||
| Restricted | funds | |||||
| Restricted | funds | 32,115 | 1,885 | 34,000 | ||
| TOTAL | FUNDS | 3,459,850 | 103,398 | 3,563,248 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| E | F | E | ||
| Unrestricted funds |
||||
| General fund |
3,001,759 | (2,823,696) | (76,550) | 101,513 |
| Restricted funds | ||||
| Restricted funds |
1,100,468 | (1,098,583) | 1,885 | |
| TOTAL FUNDS | 4,102,227 | ~3,922,279) | ~76,550) | 103,398 |
| Comparatives for movement in funds |
|||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 6/4/20 | in funds | 5/4/21 | |
| 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 |
| Comparative net movement in f |
unds, included in the abo |
ve are as follows | : | |
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| 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 |
| A curren | t yea | r 12 months and prior year |
12 months combined position is |
as follows: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 6/4/20 | in funds | 5/4/22 | |||
| F | |||||
| Unrestricted | funds | ||||
| General | fund | 1,658,762 | 1,870,486 | 3,529,248 | |
| Restricted funds | |||||
| Restricted funds | 154,394 | (120,394) | 34,000 | ||
| TOTAL | FUNDS | 1,813,156 | 1,750,092 | 3,563,248 |
| A current year 12 months and p above are as follows: |
rior year 12 months com |
bined net movem |
ent in funds, |
included in th |
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| F | F | |||
| Unrestricted funds |
||||
| General fund |
6,456,770 | (5,579,566) | 993,282 | 1,870,486 |
| Restricted funds | ||||
| Restricted funds |
1,940,011 | (2,060,405) | (120,394) | |
| TOTAL FUNDS | 8,396,781 | ~7,639,971) | 993,282 | 1,750,092 |
| for the Year Ended | 5April 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| INCOIIE AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gift Aid Donations | 890,693 | 1,006,032 | |
| Non Gift Donations | 2,950,096 | 2,610,134 | |
| Gift aid Tax Repayment | 222,673 | 251,013 | |
| Grants | 410,086 | ||
| 4,063,462 | 4,277,265 | ||
| Investment income |
|||
| Interest received | 522 | ||
| Dividends received |
38,491 | 16,057 | |
| 38,491 | 16,579 | ||
| Other income | |||
| Bank interest received | 274 | 710 | |
| Total incoming resources |
4,102,227 | 4,294,554 | |
| EXPENDITURE | |||
| Raising donations and legacies |
|||
| PPS and Advertising | 306,108 | 208,880 | |
| Database maintenance/hosting |
12,019 | 'I3,506 | |
| Other fundraising activities |
92,214 | 78,557 | |
| 410,341 | 300,943 | ||
| Charitable activities |
|||
| Grants made in Zimbabwe |
3,183,638 | 3,115,097 | |
| Other Direct Costs Zimbabwe | 2,049 | 5,688 | |
| Travel 8 Subsistence | overseas | 14,353 | 5,428 |
| Trustees expenses overseas | 7,137 | ||
| 3,207,177 | 3,126,213 | ||
| Support costs | |||
| Other | |||
| Bank charges | 26,394 | 26,474 | |
| insurance | 1,641 | 3,141 | |
| Currency costs 8 Broker fees | 46,527 | 37,095 | |
| Telephone | 10,628 | 7,108 | |
| Postage and stationery | 14,508 | 6,208 | |
| Legal 8 Professional | fees | 5,286 | 16,757 |
| Audit 8 Accountancy | fees | 12,200 | 18,253 |
| Administration UK |
172,804 | 169,703 | |
| Carried forward | 289,988 | 284,739 |
| for the Year Ended 5 | April 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Other | ||||
| Brought forward | 289,988 | 284,739 | ||
| Travel 8 Subsistence | costs UK | 11,812 | 2,545 | |
| Trustees expenses | UK | 324 | 216 | |
| Depreciation charge |
2,446 | 2,540 | ||
| Training | 191 | 496 | ||
| 304,761 | 290,536 | |||
| Total resources expended | 3,922,279 | 3,717,692 | ||
| Net income before gains and losses | 179,948 | 576,862 | ||
| Realised recognised | gains and losses | |||
| Realised gains/(losses) investments |
on fixed asset | ~76,550) | 1,069,832 | |
| Net income | 103,398 | 1,646,694 |