REGISTERED COMPANY NUMBER: 056040111England and Wales)
REGISTERED CHARITY NUMBER: 1112949
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2024
for
ZANE: Zimbabwe A National Emeryency
Tearle & Carver Ltd Statutory Auditor

ZANE: Zimbabwe A National Emergency
Contents of the Financlal Statsments
for the Year Ended 5 Aprll 2024
Page
Report of the Trusteos
Report of the Independent Audltors
Statement of Flnanclal Actlvltle8
10
Balanc• Sheot
11 to 12
Cash Flow Statement
13
Not08 to the Cash Flow Statement
14
Not•8 to the Financial Statements
15 to 22
Detalled Statement of Flnanclal Activit1•8
23 to 24

ZANE: Zlmbabwe A National Emergency
Report of the Trustees
for the Year Ended S April 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted
the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
harlties preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objects of the charitable company are as follows..
a. The relief of financial hardship
b. The rellef of sickness
c. The relief of the convalescent, the disabled and the infirm.
Z4NE's core focus is supplying aid to carefully targeted individuals that it knows. Its key activities are..
Providing financial aid and support to impoverished pensioners whose life savings and pensions
dlsappeared in Zimbabwe's economic collapse and subsequent hyper-inflation. This includes more than 480
war veterans and thelr widows who served the Crown and were promlsed an entirely dlfferent retirement.
Instead, they are dependent on charty to survive. ZANE distributes grants to cover care home fees, rent,
food and medical costs,
o Fundlng a clubfoot correction programme for children living in high density areas in extreme poverty. The
lives of more than 5,750 chlldren have been transformed to date.
o Fundlng an education programme in a high4ensity suburb in Harare. There are six pop-up classrooms for
destitute chlldren who would otherwise not receive an edU￿tiOn. The project is led by teaching mentors who
live in the local comrnunity. ZANE has been working alongside these women for a number of years through
Sts creative therapy project, building their skills and confidence. All are victims of extreme political violence
and abuse. many are HIV positive.
ZANE Is a relational charity - it doe8 not provide bulk aid. Recipients are gently means-tested to ensure that
aid goes to those who need it the most.
On grounds of security and to protect the id8ntity of its workers, various aspects of Z4NE's activities remain
confidential to ZANE'S team and Trustees. These are: (a) the detalls of ZANE'S method of operations. (b) the
scale of its work; (c) the names and whereabouts of those that it works with: (d) the identity of those it assists
and the quantum of aid st supplies: (e) the route by which funds are transferred.
Further detai18 about ZANE'S spending programmes and other matters can be made available to donor8
whose identities are known to the ZANE Trustees.
The ZANE Trustees are very grateful to all those who have aided its work, particularly those on our Council
of Reference who offer sound advice and encouragement. The Trustees are also grateful to the many trusts
and foundations that support the work of ZANE as well as our generous individual donors.
The Trustees. in making decisions about the charity, have had due regard to the Charity Commission's
public benefit guidance when exercislng any powers or duties to which the guidance is relevant.
Page 1

ZANE: Zlmbabwe A Natlonal Emergency
Report of the Trustees
for the Year Ended 5 April 2024
STRATEGIC REPORT
Achlev•m•nt and porformancg
Since its foundation. Z4NE has raised circa £46m at a cost of circa £7.9m. This includes circa £6.5m that
L4NE has distributed on behalf of the Royal Commonwealth Ex-services League (RCEL) to veterans and
their widows in Zimbabwe. These veterans served the Crown in often forgotten conflicts such as Malaya.
Korea, Aden and Borneo. We are grateful to RCEL who have been supportlve of ZANE since we formed our
partnership in 2004.
ZANE has controlled overheads so that the percentage cost of generating the funds in 2023124 was 16,1 %
(2022123.. 16.8°/0) and the govemance cost in the UK was 0.9% (2022123: 0.80h). The total costs as a
proportion of funds generated has decreased to 17.0°h (2022123: 17.6%)
Z4NE caters for the needs of many thousands of the poorest of the poor who are dependent on the work of
ZANE. Many have told us that th8y could not have Survived these long and terrible years Sfjn￿ ZANE'S
foundation in 2002 without our help.
ZANE'S income Increased slightly during the reporting period, largeSy due to a generous legacy. Individual
donations continued to decline and generating income through advertising remained challenging.Like 80
many other charities, ZANE was fundraising against a tide of challenges: high interest rates, ongoing rises in
living costs and the impact of the war in Ukraine.
The key objectives at the start of the reporting year were to ensure aid continued to reach all existing ZANE
beneficiaries. Z4NE was able to maintsin existing levels of aid to Zimbabwe during the accounting period,
following cuts during the previous year. ZANE was able to provide a small additlonal fund to assist with
urgent medlcal and welfare cases. ZANE was able to assist around 2,100 destitute elderly people, a slight
increase on the previous year.
The small UK-based freelance team all work from home and have done so since Z4NE's foundation.
ZANE works in a high-density community in Zimbabwe, providing aid to 1.200 women. children and their
families. Included in this are those children attending our pop-up classes and the supporting teacher
mentors, and the women participating in its creative therapy project and wider food support to their family
members. ZANE also provides food aid to three schools it Works closely alongside and to a small community
of orphans supported by a partner chaTity.
ZANE team members gently means-test all potential recipients of grants to ensure, for example, that they
have no other means of support. If they are truly needy, then they receive a Z4NE grant or, where
appropriate, ZANE assists them with medicines or food. The beneficiaries are those who otherwise would be
without the basic necessities to sustain life. Without this regular help, they would face acute hardship.
untreated medical condltions and an untimely death. Funds are raised in the UK in GBP and sent to
Zimbabwe on a monthFy basis in USD. The team in Zimbabwe are responsible for distributing funds to a
pre-agreed list of beneficiaries. ZANE'S aid programme is reviewed regularly. All beneficiary payments are
fully receipted and audited.
Zimbabwe's economy continued to decline. Drought resulted in a greater number of Zimbabwean's facing
food insecurity.
The financial uncertainty both in the UK and globally during the reporting period had an impact ZANE'S work
as the value of the pound (the currency in which it raises its funds) against the US dollar (in which we spend
our money on aid) fluctuated. As part of the fundraising programme, Tom and Jane Benyon walked 117
miles along the Norfolk Coast the ZANE Trustees are grateful for the generous level of sponsorship. ZANE is
also grateful for its loyal donors who continue to support its work.
ZANE continues to provide medical provision for pensioner beneficiaries most in need meaning previously
untreated conditlons such as dlabetes and hypertension to be Suc￿ssfullY treated.
In 2015116, Z4NE founded two autonomous charities. one in Australia and the other in the USA. Both ZANE
Australia and ZANE USA are separate entities from Z4NE UK: thelr figures are not consolidated into the
ZANE UK accounts.
Page 2

ZANE: Zimbabwe A National Emergency
Report of the Trustees
for the Year Ended 5 April 2024
A small team from the UK visited Zimbabwe during the reporting period to visit the projects, conduct
meetings and for a series of fundraising events to galvanise the fundraising effort within Zimbabwe.
Trustees
UK ZANE Trustees meet four times each year.
UK freelance team members and Truslees stay with contractors in Zimbabwe where possible to reduce
overheads.
The ZANE Trustees thank the team for their brave work in Zimbabwe.
Flnanclal review
The Trustees continually examine the major risks that the charity faces each financial year. Although the
circumstances under which the charity operates and the need for security make control difficult, the Trustees
are continually improving the systems of control to mitigate any impact they may have on the charity In the
future. To thls end, we have prepared a detailed Risk Register.
Investment Pollcy
The Trustees consider the performance of its cash and investments was adequate during the year. Funds
were managed by stockbrokers Canaccord Genulty and Dowgate Capital. ZANE'S Investment policy has
been discussed with the stockbrokers and selected stocks in the portfolio refiect appropriate social,
envlronmental and ethical considerations. These funds are focused on the needs of various aspects of work
for which Z4NE are responsible in accordance with our risk mitigation policy.
R•8orvo8 Policy
ZANE calculates that in the event of financial catastrophe, in particular the decline of Sterllng (the currency in
which we raise our funds) against the US dollar (the currency in which we provide aid in Zimbabwe), ZANE
needs the equivalent of 12-18 months budgeted expendlture in resenie to maintain its programmes.
These reserves will act as a buffer in case of a pemianent market downturn; other compelling charitsble
needs in other parts of the world that make fundraising unusually difficult, for example, wars and natural
disasters. or if the fundraising team is incapacitated.
The return on ZANE'S investm8nt during the accounting period was 7.030￿ compared to the increase in the
FTSEIOO of 3.14¥0
Page 3

ZANE: Zimbabwe A Natlonal Emergency
Report of the Trustees
for the Year Ended 5 April 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company Ilmited by guarantee, incorporated on 26 October 2005 and
registered as a charity {number 1112949) on 7 February 2006.
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
The work of ZANE was established In 2001102. For the first three years of its life, the work operated under
control of The Thomas Benyon Charltable Settlement (charty number 271133}. This charity operates various
charitable ventures. In 2005, it was decided that the work of ZANE was sufficiently substantial to necessitate
the formation of its own charity.
The charity was created by its Memorandum of Association. which established the objects and powers of the
charitable company and is govemed under its Articles of Association. The full list of Trustees who served
during the year is shown on page 5.
The ZANE Council of Reference is headed up by Lord Hastings of Scarisbrick CBE.
The Trustees meet four times each year. usually in Oxford and occasionally in London, and are advised on
all material matters as they occur. They decide major policies and strategy.
In setting the programme each year, the Trustees have regard to both the Charity Commission's general
guidance on public benefit and meeting the charity's objectives.
The Trustees always ensure that the programmes undertaken are in line with the charitable objects.
The relationships and transactions with related parties are detailed in the notes to the accounts.
ZANE engages the services of 37 self*mployed indtviduals - nine in the UK and 28 in Zlmbabwe. The UK
team reports to the ZANE Trustees. It is responsible for fundraising and administration. Regular meetings
are held to discuss issues relating to the running of ZANE, both (a) in the UK and (b) wlth the team in
Zimbabwe. The Zimbabwe team includes case workers with a background In finance, nursing and soclal
care to ensure the various programmes are effectively run and that donor funds are reaching the most
destitute and vulnerable people in Zimbabwe.
ZANE Trustees are experienced professional people (ple£se see the Trustees, Cvs on the Z4NE website),
recruited because of their expertise andlor knowledge of Zimbabwe. They have a diverse range of expertise
in areas such as fundraising, law, intemational development. business development and marketing. All are
encouraged to visit Zimbabwe during their tenure: all bar of the current Board has done so.
All Trustees and team members who will be in touch with beneficiaries undergo appropriate safeguarding
training.
ZANE'S solicitors with specialist charty expertise have been invited to attend Trustees, meetings to explain
(a) inter alia, the duties of Trustees; and (b) detail any changes in the law or good prdctice that are essential
in the running of a well-established charity. On other occasions, the Trustees have met at the offices of the
stockbrokers who manage ZANE'S reserve funds to question their basi8 of fund management and views as
to th8 State of the market. On some occasions, the auditor is invited to answer questlons about the draft
accounts.
The freelance team in the UK reports to the Board of Trustees. Protocols are in place to ensure that, where
appropriate, work is properly delegated, and decisions are discussed before implementation and that a
succession plan is in pla￿.
Page 4

ZANE: Zimbabwe A National Emergency
Report ofthe Trustees
for the Year Ended 5 Aprll 2024
ZANE greatly values its supporters and donors; they are central to all fundraising activities. ZANE is
registered with the Fundraising Regulator. ZANE is also a member of the National Council of Voluntary
Organisations (NCVO). The freelance fundraiser is a member of the Institute of Fundraising. ZANE rdises its
funds from individual donors, trusts and foundations, legacies. advertising, conferences. dinners and
functions, sponsored walks, the presentation of '￿alk commentaries" an annual newsletter, and a raffle and
poetry book at Christmas. ZANE'S fundralsing strategy is overseen by the Trustees. Z4NE does not use
exiernal agencies for fundraising and never engages in door-to4¢)or or street fundraislng.
The Fundraising Regulator re￿iVed zero complaints regarding ZANE in the period 2023124. ZANE strives to
ensure that it is fully compllant with GDPR and that Its privacy policy and complaints policy are clearly
communicated, along with the ways in which an individual's communication preferences can be updated.
Plan8 for the Future
The crlsis in Zimbabwe is far from over; the situation is worse than ever before. The name Zimbabwe A
Natlonal Emergency is just as relevant as it was when the charity was founded. ZANE is committed to
maintaining its fundraising effort8 to ensure that those who most need assistance re￿1ve it. A younger
leadership team is in place in the UK, capable of making decisions and leading the ch8rity into the future.
The key objective is to malntain support to those beneficiaries in Zimbabwe who so desperately need
assistance and, where funds allow, to support new beneficiaries with nowhere else to tum.
REFERENCE AND ADMINISTRATIVE DETAILS
Regl8tered Company number
05604011 (England and Wales)
Reglstered Charlty number
1112949
Reglstered offic•
Rectory Farmhouse
2 Church Street
Bladon
Oxfordshire
OX20 1 RS
Tru8te•s
Mrs N M Gayner Director
Mr J K E Broadley CMG Director
HIS Hon. C Compston Director
Prof. R E Ekins KC (Hon.) Director (resigned 271312024)
Mrs J Mellor OBE Director
M8j. Gen. A Ramsay CBE DSO. Director (resigned 271312024)
Mrs N Passaportis MBE Director
Mr D G Covell Director
Ms C P Compston Director (appointed 23r112023)
Mr C A Ford Dire¢tor (appointed 271312024)
Company Secretary
Ms O J Benyon
Auditors
Tearle & Carver Ltd Statutory Auditor
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
Page 5

ZANE: Zlmbabwe A National Emergency
Report of the Trustees
for the Year Ended 5 April 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of ZANE: Zimbabwe A National Emergency for the purposes of
company law) are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accountlng Practice).
Company law requires the trustees to prepare financial statements for each financial year whlch glve a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the incorhe and expendlture, of the charitable company for that period. In preparing
those financi81 statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financlal position of the charitable company and to enable them to ensure that the financial
statements comply with th8 Companies Act 2006. They arè also responsible for safeguarding the assets of
the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware:
there is no relevant audit inforrnation of which the charitable company's 8uditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors. Tearle & Carver Ltd Statutory Auditor, will be proposed for re-appointment at the forthcoming
Annual General Meeting.
Report of the trustees. incorpor
trategic report, approved by order of the board of trustee8, as the
gV..21/'22..Y...........
company directors, on.............
and signed on the board's behalf by..
Mr J K E Broadley CMG - Trustee
Page 6

Report of the Independent Audltors to the Trustees of
ZANE: Zimbabwe A National Emergency
Oplnlon
We have audited the financial statements of ZANE.. Zimbabwe A National Emergency (the 'charitable
Company,) for the year ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance
Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of slgnificant
accounting policles. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
glve a true and fair view of the state of the charitable company's affairs as at 5 April 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Ba818 for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordan￿ with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
respon8ibilities in accordance with these requirements. INe belleve that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclu8lon8 rolatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectlvely, may cast significant doubt on the charitsble company's abllity to
continue as a going concern for a period of at least bNelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other Inforniation
The trustees are responsible for the other infom8tion. The other information comprises the information
included In the Annual Report. othér than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other infomiation and, except to the extent
othe￿1$e explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other infomation is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially mlsstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to detemiine
whether this gives rise to a material misstatement In the financlal statements themselves. If, based on the
work we h8ve performed, we conclude that there is a material misstalement of this other informatlon, we are
required to report that fact. l+Ve have nothing to report in this regard.
Matter8 on which we are requlred to report by •xcoptlon
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion:
the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financlal
statements; or
the charltable company has not kept adequate accounting records,. or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the infomiation and explanations we require for our audit.
Page 7

Report of the Independent Auditors to the Trustees of
ZANE: Zlmbabwe A Natlonal Emergency
Re8pon8lblllti•s of truste•8
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparatlon of
the financial statements and for being satisfied that they glve a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic altemative but to do so.
Our respon81blllti88 for the audlt of th• financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a hlgh level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mlsststement
when it exists. Misst8tements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed b810w'.
Irregularities, including fraud are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of
irregularities, including fraud.
- We considered and updated our knowledge of the Charity's specific industry and Its regulatory environment
and reviewed documentstion surrounding the policies and procedures relating to fraud and compliance with
18ws and regulatlons. We also enquired of management about their own identification and assessment of the
rlsks of irregularities. Based on this understanding, we identified and assessed the risk of material
misstatement in the financial statements and designed and perfomed audit procedures in response to those
rlsks.
We identified the key laws and regulation that have a direct effect on the determination of material amounts
and disclosures In the financial statements. We also gained knowledge of the legal and regularly frameworks
which do not have a direct effect on the financial ststement but compliance with which may be fundamental
to the company's ability to Greate or to avoid a material penalty.
Our audit procedures in relation to fraud included:
-making enquiries of the trustees about their knowledge of any actual or suspected fraud:
-Galning an understanding of the internal controls established to mitigate rlsks., and
-Discussing amongst the engagement team the risks of fraud; and
-Performing journal testing to address the risk of fraud through management override of controls
There are inherent limitatlons in the audit procedures described 8bove and the primary responsibility for the
prevention and detection of irregularities rests wlth management.
A further description of our responsibilities for the audlt of the financial statements is located on the Flnancial
Reporting Council's website at www.frc.org.uklauditorsresponsibllltles. This description forms p8rt of our
Report of the Independent Audltors.
Page 8

Report of the Independent Auditors to the Trustees of
ZANE: Zimbabwe A National Emergency
U8• of our report
This report is made solely to the charitable company's trustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might
stste to the charitable company's trustees those matters we are required to state to them in an auditors,
report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume
responsibility to anyone other than the charitable company and the charitable company's trustees 8s a body,
for our audit work, for this report, or for the opinions we have formed.
Kameliya Harrison FCA (Senior Statutory Audltor)
for and on behalf of Tearle & Carver Ltd Statutory Auditor
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
Date..
Page 9

ZANE: Zlmbabwe A Natlonal Emergency
Statsment of Financial Activitles
for the Year Ended 5 April 2024
2024
Total
funds
2023
Total
funds
Unrestrlcted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,499,239
1,232,878
3.732.117
3,389,443
Investment income
Other income
52.722
52,722
1,477
46.322
279
Total
2,553.438
1232 878
3 786 316
3,436 044
EXPENDITURE ON
Raising funds
592,239
8,062
600,301
574,430
Charltabl• actlvltle8
Charitable activities
Support costs
1,626,932
34,333
1,204,728
2,831,660
3,138,202
27,756
Totsl
2 253.504
1212,790
3,466.294
3 740 388
Net gainsl(losses) on investments
176 204
176 204
571,687)
NET INCOMEI(EXPENDITURE)
476.138
20,088
496,226
(876,031)
RECONCILIATION OF FUNDS
Total funds brought fopAiard
2.590,626
96,591
2,687,217
3,563,248
TOTAL FUNDS CARRIED FORWARD
3 066 764
116,679
3 183.443
2,687,217
The notes on page 15 fomi part of these financial statements
Page 10

ZANE: Zimbabwe A Natlonal Emergency
Balance Sheet
5 April 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Not88
FIXED ASSETS
Tangible assets
Investments
12
1,880
13 2 820 360
1,880
2,820,360
4,047
2,505,196
2,822,240
2.822,240
2,509,243
CURRENT ASSETS
Debtors
Cash at bank
14
78,705
210,556
78,705
358 706
57.672
146,958
148.150
289.261
148.150
437,411
204,630
CREDITORS
Amounts falling due within one year
15
{44,737)
(31.471)
(76,208)
(26,656)
NET CURRENT ASSETS
116679
361203
177 974
TOTAL ASSETS LESS CURRENT
LIABILITIES
3.066.764
116,679
3,183,443
2.687.217
NET ASSETS
3 066 764
116679
3.183 443
2,687 217
FUNDS
Unrestricted funds
Restricted funds
16
3,066.764
116679
2,590,626
96,591
TOTAL FUNDS
3 183 443
2 687,217
The charitsble company Is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 5 April 2024. The members have not deposited notice, pursuant to Section 476 of the
Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responslbilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requlrements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitsble company.
The notes on page 15 form part of these financlal statements
Page 11

ZANE: Zlmbabwe A Natlonal Emergency
Balance Sheet
5 April 2024
These financial statements have been audited under the requirements of Section 145 of the Charities Act
2011.
The financial statements were approved by the Board of Trustees and authorised for issue on
¥../.1/ 1 IoA4.......... and were signed on its behalf by.,
Mr J K E Broadley CMG- Trustee
The notes on page 15 forni part of these financial statements
Page 12

ZANE: Zimbabwe A Natlonal Emergency
Cash Flow Statement
for the Year Ended 5 Aprll 2024
2024
2023
Notas
Cash flows from operatlng activlti08
Cash generated from operations
357 566
323,483
Net cash provlded byl{used in) operating activities
357.566
323 483)
Ca8h flows from Investlng actlvltle8
Purchase of fixed asset investments
Sale of fixed asset investments
(1,539,233)
1393415
(1,427.642)
1.626.781
Net cash (used in)Iprovided by investing activities
145 818
199 139
Change In cash and ca8h equlvalents
In the reportlng perfod
Cash and cash equivalents at the
beglnnlng of the reportlng perlod
211,748
(124,344)
146 958
271.302
Cash and cash equlvalents at the end
of th8 roporting period
358 706
146 958
The notes on page 15 form part of these financial statements
Page 13

ZANE: Zimbabwe A National Emergency
Notes to the Cash Flow Statsment
for the Year Ended 5 Aprll 2024
RECONCILIATION OF NET INCOPIIEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net Incomol{exp•ndlture) for the reportlng perlod (as per the
Statement of Flnanclal Actlvlties)
AdJustm•nts for:
(Gain)IIos8es on investrnents
Increase In debtors
Increasel(decrease) In creditors
496.226
(876,031)
(176,204)
{12.008)
49.552
571,887
(14,932)
Not cash providod byl{u8ed Inl operatlon8
357 566
323,483)
ANALYSIS OF CHANGES IN NET FUNDS
At 614123
Cash flow
At 514124
Net cash
Cash at bank
146,958
211748
358 706
211,748
358 706
Total
146,958
211748
358 706
The notes on page 15 form part of these financial statements
Page 14

ZANE: Zimbabwe A National Emergency
Notes to the Financial Statements
for the Year Ended 5 Aprll 2024
ACCOUNTING POLICIES
Ba81s of preparlng the finan¢ial $tatement8
The financial statements of the charitsble company, which is 8 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 Financlal Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial .statements
have been prepared under the historicAI cost convention. with the exception of investments which are
included at market value, as modified by the revaluation of certain assets.
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 arnount can be measured reliably.
Expenditur•
Liabilities are recognised as expenditure a8 800n as there is a legal or construdive 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. VQhere costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Tanglblo fixed assets
Depreciatlon is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Fixtures and fittings
Motor vehicles
25°h on cost
25ts￿ on reducing balance
Taxatlon
The charity18 exempt from corporation tax on its charitable activities.
Fund accountlng
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 withln 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.
During the year, ZANE distributed funds on behalf of RCEL (Royal Commonwealth Ex-services
League) to veterans and their wldows. This sum has been included as restricted income and
rostricted expenses under charitable activlties. Please refer to the trustees report for further
information.
Page 15
continued...

ZANE: Zimbabwe A Natlonal Emergency
Notes to the Flnancial Ststements - continued
for the Year Ended S Aprll 2024
DONATIONS AND LEGACIES
2024
2023
Gift Aid Donations
Non Gift Donations
Gift aid Tax Repayment
960,189
2,531.502
240,428
912,968
2.222,059
254,416
3732 117
3 389.443
INVESTMENT INCOME
2024
2023
Interest received
Divldends retslved
1,371
51.351
197
OTHER INCOME
2024
2023
Bank Interest received
1,477
279
1.477
279
RAISING FUNDS
Ral8lng donatlons and legacles
2024
2023
Postage, Print and Advertising
Database hostingltraining
Other fundraising activities
Support costs
188,364
7,157
104,474
154,722
16,226
115,976
287.506
600 301
574 430
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
note 8)
Totals
Charitable activities
Support costs
2.831,660
2,831,660
2 831660
2 865 993
Page 16
continued..

ZANE: Zimbabwe A Natlonal Emergency
Notes to the Financlal Statements - continued
for the Year Ended S April 2024
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Grants made in Zimbabwe
Other Dlrect Costs Zimbabwe
Travel & Subsistence overseas
Trustees expenses overseas
Donations to UK Charities
2,809,525
759
20,876
3.113,498
2,176
20,326
2,202
500
2 831660
3.138 202
Included within grants made in Zimbabw8 are the payments to and associated costs of personnel
engaged in the distribution or raising of these grants and those involved in the UK on charitable
a¢tivlties.
SUPPORT COSTS
Other
Raising donations and legacies
Support costs
320,306
354,639
NET INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(credlting):
2024
2023
Depreciation - owned assets
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the
year ended 5 April 2023.
Trustees. gxpenses
There were trustee's expenses pald in the year ended 5 April 2024 totalling £128 (2023: £2,202)
relating to travel and subsistence costs.
11. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment Income
Other income
2,293,703
46,322
279
1,095.740
3,389,443
48,322
279
Total
2 340 304
1095 740
3.436 044
EXPENDITURE ON
Raising funds
566,752
7,678
574,430
Page 17
contlnued...

ZANE: Zlmbabwe A National Emergency
Notes to the Flnanclal Ststamehts - contlnued
for tha Year Ended 5 April 2024
11. 2023 CONIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued
Unrestricted Restricted
fund
fund
Total
funds
Charltable activitles
Charitable activities
Support costs
2,112,731
1,025,471
3,138,202
Total
2 707,239
1033 149
3 740 388
Net gainsl(losses) on investments
571,687
571687)
NET INCOMEI(EXPENDITURE)
(938,622)
62,591
(876.031)
RECONCILIATION OF FUNDS
Total funds brought forrfrfard
3,529,248
34,000
3,563,248
TOTAL FUNDS CARRIED FORWARD
2 590 826
96,591
2.687 217
12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Motor
vehicles
Totsls
COST
At 6 Aprll 2023 and 5 April 2024
16.568
DEPRECIATION
At 6 April 2023
Charge for year
19,297
15,129
360
34,426
At 5 April 2024
NET 800KVALUE
At 5 April 2024
801
At 5 April 2023
2,608
4,047
Page 18
continued...

ZANE: Zimbabwe A National Emergency
Notes to the Flnancial Statements - continued
for the Year Ended 5 Aprll 2024
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Amounts owed by participating interests
other debtors
HMRC Gift Ald refund due
Prepayments and accrued income
9,654
1,025
55,090
12.936
629
2,912
43,337
other Debtors are made up of the followlng:
2024
2023
Zim contractors loans for solar power
Contractor adVan￿S
522
152
2,835
77
674
2,912
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
other creditors
Accruals and deferred income
30,024
31,471
14,713
12,623
26,656
L4NE originally started as a section of the Thomas Benyon Charitsble Settlement (charity number
271133). The two charities incur and reimburse income and expenses on behalf of each other and
included within other debtors is the balance outstanding at 5 April 2024 of £NIL (2023: £NIL).
Included withln debtors are amounts owed by The Guild of Shareholders Ltd of £13 (2023: £13) and
also amounts owed by Zane Professional Services Ltd of £9,641 (2023.. £616). Zane Professional
Services Ltd is a subsidiary of ZANE - please refer to note 13 for further details.
16. MOVEMENT IN FUNDS
Net
movement
in funds
At
514124
At 614123
Unrnstricted funds
General fund
2,590,626
476,138
3,066,764
Restricted funds
Restricted fund8
96,591
20.088
116,679
TOTAL FUNDS
2687 217
3 183,443
Page 20
continued...

ZANE: Zimbabwe A Natlonal Emergency
Notes to the Financial Statements - continued
for the Year Ended 5 Aprll 2024
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
514124
At 614122
Unrestrlcted fund8
General fund
3,529,248
(462,484)
3,066,764
Rgstrlcted fund8
Restricted funds
34,000
82,679
116,679
TOTAL FUNDS
3 563 248
379,805) 3 183.443
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows.,
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
4,893,742 (4,960,743)
(395.483)
(462,484)
Re8trlcted fund8
Restrlcted funds
2,328.618 (2,245,939)
82.679
TOTAL FUNDS
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
18. POST BALANCE SHEET EVENTS
ZANE follows market developments very closely and adapts its operations accordingly.
Page 22

ZANE: Zlmbabwe A National Emergency
Detalled Statement of Flnancial Activities
for the Year Ended 5 April 2024
2024
2023
INCOME AND ENDOWMENTS
Donatlons and legac1•8
Gift Aid Donations
Non Gift Donations
Gift aid Tax Repayment
960,189
2,531,502
240,426
912,968
2,222,059
3,732.117
3,389,443
Investment income
Interest received
Dividends received
1,371
197
46,125
52,722
46.322
Other income
Bank interest received
1.477
279
Total Incoming resources
3.786,316
3,436.044
EXPENDITURE
Ral8lng donatlons andlogacles
Postage, Print and Advertising
Database hostingltraining
other fundraising activities
168,364
7,157
104,474
154,722
16,226
115,976
279,995
286,924
Charitable activltles
Grants made in Zimbabwe
Other Direct Costs Zimbabwe
Travel & Subsistence overseas
Trustees expenses overseas
Donations to UK Charities
2,809,525
759
20,876
3,113,498
2,176
20,326
2.202
500
2,831,660
3,138,202
Support costs
other
B8nk Gharges
Insurance
Currency costs & Broker fees
Telephone
Postsge and stationery
Legal & Professional fees
Audit & Accountancy fees
Administration
Carried fO￿ard
28,303
1,232
50.735
11.445
11,490
5,851
14,977
215,732
339,765
31,417
1,641
34,010
8,571
15,180
4,869
14,400
188,644
298,732
This page does not form part of the statutory financial ststements
Page 23

ZANE: Zimbabwe A National Emergency
Detalled Statement of Flnancial Activities
for the Year Ended 5 April 2024
2024
2023
Other
Brought fopNard
Travel & Subsistence costs UK
Trustees expenses UK
Depreciation charge
Training
339,765
10,062
1,417
2,167
1.228
298,732
13,027
1,150
2,287
66
354.639
315262
Total resources expended
3 466.294
3,740 388
Net incomel(•xpendltur•) before galn8
and 1088•8
320,022
(304,344)
R8ali$ed recogni8ed galns and Ios888
Realised gainsl(losses) on fixed asset
investments
127 909)
91,582)
Net inoomel(expendlture)
This page does not form part of the statutory financial statements
Page 24