2022-06-30-accounts

	Page
Trusteesandadvisors
ReportoftheTrustees
Independentauditors’reporttothemembers
Statementoffinancialactivities	11
Balancesheet	12
Notestothefinancialstatements	13-22

Trustees	ProfessorMelchiorMlambiti
	DrWilhelmMafuru
	GodloveStephen(appointed4 January2022)
Companynumber	05785598
Registeredcharitynumber	1116617
Registeredoffice	C/OWombleBondDickinson(UK)	LLP
	TheSpark
	Drayman'sWay
	NewcastleHelix
	NewcastleUponTyne
	NE4 5DE
Businessaddress	PO Box3004
	Moshi
	Tanzania
Auditors	SafferyChampnessLLP
	StCatherine’sCourt
	BerkeleyPlace
	Clifton
	Bristol
	BS81BQ
Bankers	CRDBBankLimited
	PO Box1302
	Moshi
	Tanzania
Solicitors	WombleBondDickinson(UK)LLP
	3TempleQuay
	TempleBackEast
	Bristol
	BS16DZ
Investmentmanagers	QuilterCheviotInvestmentManagement
	OneKingsway	,
	London
	WC2B6AN

29.03.2023

	Notes.	Unrestricted	Endowment	2022		2021
		funds	funds	Totalfunds		Totalfunds
						Asrestated
		$	$	$		$
Incomefrom:
Investments		-	76,429	76,429		70,416
Interest		317	23	340		625
Total		317	76,452	76,769		71,041
Expenditureon:
Charitableactivities	2	98,142	-	98,142		123,329
Investmentmanagement		-	19,499	19,499		17,199
Total		98,142	19,499	117,641		140,528
Netgains/(losses)on
investments		-	(464,258)	(464,258)		1,013,182
Netincome/(expenditure)		(97,825)	(407,305)	(505,130)		943,695
Transfersbetweenfunds		374,179	(374,179)	-		.
Netmovementinfunds		276,354	(781,484)	(505,130)		943,695
Totalfundsbroughtforward		709,252	4,240,169	4,949,421		4,005,726
Totalfundscarriedforward		985,606	3,458,685	4,444,291	_	4,949,421

				Notes	2022	2021
						Asrestated
Fixedassets:					$	$
Investments					3,481,716	4,259,281
Tangibleassets					10,344	11,139
					3,492,060	4,270,420
Currentassets:
Debtors					1,011,867	718,933
Cashatbank	andin	hand			29,929	40,342
					1,041,796	759,275
Liabilities:
Creditors:.	amounts	falling	due
withinoneyear					(89,565)	(80,274)
Netcurrent	assets				952,231	679,001
Totalnetassets					4,444,291	4,949,421
Thefundsofthecharity:
Endowment	funds				3,458,685	4,240,169
Unrestricted	funds				985,606	709,252
Totalcharity	funds			10,11	4,444,291	4,949,421

		2022	2021
			Asrestated
		$	$
	Wagesandsalaries	48,597	67,486
-	Bankcharges	1,798	1,914
	Officecosts	7,249	-
	Depreciation	771	1,430
	Lossonforeigncurrencyfluctuations	(2,870)	(6,713)
	Governancecosts(note3)	42,597	59,212
		98,142	123,329

	2022	2021
		Asrestated
	$	$
AGMandprogressreviewmeetings	6,882	14,712
Auditfees	30,183	35,686
Companysecretarial	5,532	8,814
	42,597	59,212

	Totalendowment	Totalendowment	Totalendowment
		funds	funds
		2022 5	2021 $
Asat1 July2021	©	4,259,282	3,521,760
Additions		497,817	747,364
Disposals		(688,278)	(1,065,541)
(Loss)/gainon
currencyfluctuations		37,217	(153,553)
(Loss)/gainoninvestments		(477,410)	1,144,946
‘Movement.oncashaccounts		(146,912)	64,306
Balanceat30June2022		3,481,716	4,259,282
Investmentsatmarketvaluecomprised:
	Totalendowment		Totalendowment
		funds	funds
		2022	2021
		$	$
Fixedinterestsecurities		532,241	495,269
Equities		2,259,119	3,064,191
Alternativeinvestments		599,508	462,059
Cashandcashproducts		90,848	237,763
		3,481,716	4,259,282

	Laboratory	Farm	Office		Total
	equipment	equipment	equipment
	$	$	$		$
Cost
At1 July2021	6,990	3,552	7,563		18,105
Additions	-	-	-		-
At30June2022	6,990	3,552	7,563		18,105
Depreciation		.
At1 July2021	685	1,473	4,808		6,966
Chargefortheyear	517	112	142		771
Otheradjustmentsintheyear	16	4	4		24
At30June2022	1,218	1,589	4,954		7,761
Netbookvalue
Asat30June2022	5,772	1,963	2,609		10,344
Asat30June2021	6,305	2,079	2,755	—	11,139

2022	2021
$	$
1,011,867	718,933

		Balance				Transfers
	1	July2021	Incoming	Resources	betweenfunds		Gain/(Loss)on		Balance
	Asrestated		resources	expended			investments		30June2022
		$	$	$		$	$		$
Unrestricted
funds	»	709,252	317	(98,142)	.	374,179		-	985,606
Endowment
funds	4,240,169		76,452	(19,499)		(374,179)	(464,258)		3,458,685
	4,949,421		76,769	(117,641)		-	(464,258)		4,444,291

	Unrestricted	Endowment
	funds	funds	Total
	$	$	$
Investmentsandfixedassets	10,344	3,481,716	3,492,060
Debtors	1,008,225	3,642	1,011,867
Cashatbankandinhand	29,929	-	29,929
Creditors	(62,892)	(26,673)	-(89,565)
	985,606	3,458,685	4,444,291

			Unrestricted		Endowment	2021
			funds		funds	Totalfunds
						Asrestated
			$		$	$
	Incomefrom:
	Investments		-		70,416	70,416
	Interest		611		14	625
	Total		611		70,430	71,041
_	Expenditureon:
	Charitableactivities		123,329		-	123,329
	Investmentmanagement		-		17,119	17,199
	Total		123,329		17,119	140,528
	Netgains/(losses)on			.
	investments		-		1,013,182	1,013,182
	Netincome/(expenditure)		(122,718)		1,066,413	943,695
	Transfersbetweenfunds		329,096		(329,096)	-
	Netmovementinfunds		206,378		737,317	943,695
	Totalfundsbroughtforward	_	502,874		3,502,852	4,005,726
	Totalfundscarriedforward		709,252		4,240,169	4,949,421