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||`Page`|
|---|---|
|`Trusteesandadvisors`||
|`ReportoftheTrustees`||
|`Independentauditors’reporttothemembers`||
|`Statementoffinancialactivities`|`11`|
|`Balancesheet`|`12`|
|`Notestothefinancialstatements`<br> <br>|`13-22`<br> <br>|





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|`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`<br>|`SafferyChampnessLLP`<br>||
||`StCatherine’sCourt`<br>||
||`BerkeleyPlace`<br>||
||`Clifton`<br>||
||`Bristol`<br>||
||`BS81BQ`<br>||
|`Bankers`<br>|`CRDBBankLimited`<br>||
||`PO Box1302`<br>||
||`Moshi`<br>||
||`Tanzania`<br>||
|`Solicitors`<br>|`WombleBondDickinson(UK)LLP`<br>||
||`3TempleQuay`<br>||
||`TempleBackEast`<br>||
||`Bristol`<br>||
||`BS16DZ`<br>||
|`Investmentmanagers`<br>|`QuilterCheviotInvestmentManagement`<br>||
||`OneKingsway`<br>|`,`<br>|
||`London`<br>||
|<br>|`WC2B6AN`<br> <br>|<br>|





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29.03.2023 



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## 

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





## 

## 

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



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|||`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`|
|||<br>`98,142`<br>|<br>`123,329`<br>|





## 

## 

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



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## 

## 

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





## 

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



## 

|`2022`<br>|`2021`<br>|
|---|---|
|`$`<br>|`$`<br>|
|`1,011,867`<br>|`718,933`<br>|



## 



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|||`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`|
||<br>`4,949,421`<br>||<br>`76,769`<br>|<br>`(117,641)`<br>|<br>|<br>`-`<br>|<br>`(464,258)`<br>|<br> <br>|<br>`4,444,291`<br>|



## 

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





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## 

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## 

||||`Unrestricted`||`Endowment`|`2021`|
|---|---|---|---|---|---|---|
||||`funds`||`funds`|`Totalfunds`|
|||||||`Asrestated`|
||||`$`||`$`|`$`|
||`Incomefrom:`||||||
||`Investments`||`-`||`70,416`|`70,416`|
||`Interest`||<br>`611`||<br>`14`|<br>`625`|
||`Total`||<br> <br>`611`|<br>|<br> <br>`70,430`|<br> <br>`71,041`|
|`_`|`Expenditureon:`||||||
||`Charitableactivities`||`123,329`||`-`|`123,329`|
||`Investmentmanagement`||<br>`-`||<br>`17,119`|<br>`17,199`|
||`Total`||<br> <br>`123,329`|<br>|<br> <br>`17,119`|<br> <br>`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`||<br>`206,378`||<br>`737,317`|<br>`943,695`|
||`Totalfundsbroughtforward`|`_`|`502,874`||`3,502,852`|`4,005,726`|
||`Totalfundscarriedforward`||<br>`709,252`<br>|<br>|<br>`4,240,169`<br>|<br>`4,949,421`<br>|