Charlty Registratlon No. 1119512 Company Reglstration No. 06182571 (England and Wales) LIVINGSTONE TANZANIA TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 RickardLuckin LIVINGSTONE TANZANIA TRUST CONTENTS Page Twstees, report Independent examinevs report 16 Statement of financial actmties 17 Balance sheet 18 Notes to the financial statements 19-31 LIVINGSTONE TANZANIA TRUST LEGALAND ADMINISTRATIVE INFORMATION Dlrectors C Shiret A Wootten CP Hyde D Higham T Mfills M Edwin A Mitchdl G Clark (Appointed 2 May 2024) Secretary C Shiret Charity number 1119512 Company numbèr 06182571 Registered officè 14 St Davids Drive Leigh on Sea Essex SS9 3RF Independent examiner Rickard Luckin Limited 1 st Floor County House 100 New London Road Chelmsford Essex CM2 ORG WebsSte www.INingstonetanzaniatrust.com LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 A messaqe from our Chainnan. LTT has enjoyed a good year on all fronts. Most crucially our fundraising efforts retuming to pre pandemic levels, even though the pool of funders is being 'fished' by many equally deserving charities. This has meant that we have been able to st8rt more projects thAn wp had initially anticipated and extend the benefit of those funds to far more people. We have been evolving our model over the last couple of years and the benefits are evident as we ¥e ¢onstantly striving for change, so we are up to date and scnsitivc to the needs of our host communit188. 1 led tha Board in a visit to Babati in 2023 to familiarise the team with our communities, people, operations, and partners. This has meant that we have spent time reviewng our partner operatsons in Tanzania whlch In turn has led us to look at widening our choice of delivery partners in the country to ensure V￿ are not only qetting best value, bul we are testing alternative ways of delivering our chosen outcomes. Our Board of Trustees has really produced results for the charity through their individual skillsets and dedication to the cause. Sadly. we lost one of our local trustees, Zu, who passed away suddenly, leaving a hole in our lives. She will be fondly remembered for her drive, analytical approach, and her ability to achieve good things. The refocus has meant the chartty's Dir￿10T. Julian's role has changed bul has given him more time to focus on the remodelling and this is set to continue into 2025 with some more strategic change to ensure our interventions maintains their relevan￿ in a changing world. So, in conclusion I can refiect on a year of achievement and progress, and l thank all of our staff and Trustees for their commitment which is leading to a bright future. Dlrectors, Report The Diredors present their report and accounts for the year ended 31 March 2024. The financial statements have been prepared in accordan￿ v￿th the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Acl 2006 and "Accounting and Reporting by Charities-. Slatement of Recommended Practice {amended for bulletin 1 & 2) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (effective l January 2019). The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activilies the charity shoiild Lindertake. rhe Livingstone Tanzania Trust recognise that education has the power to transfomi lives but for many In rural fanzania the opportunity to leam is not available to them. Their destiny is to repeat the hardships of generations before them, while the urban compatriots move foAward. Rural communities, as is theii right. are asking for equitable development so that their children might be afforded the same opportunities in life. The Livingstone Tanzania Trust envision a world where ALL young people have access to a quality education so that they can realise their full potential, our mlsslon Is to work wlth locally led NG05 in Tanzania to break the barriers that prevent young people accessing a quality education. Our collaborative and holistic appmach to communlty development starts by locusing on primary schools but expands into secondary schools and community wld• training and devélopment so that all may flourish thrnugh learning. LIVINGSTONE TANZANIA TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and operatlng model Our objeGtive5 are". - 1. To alleviate poverty and hardship in Tanzania through programmes developed in collaboration with Tanzanian stakeholders. 2. To work with the Gommunty in long-term partnerships to dcvclop sustainablc solutions which the community can deliver, monitor and evaluate. 3. To ensure that our programmes do not have any negative impacts that might affect the wellbeing and safety of our staff, partner5 and the communits'es we work with. 4. To raise funds in an ethical manner to fund the Cost of developing, implementing, and monitoring programmes in Tanzania, and asswated UK prograTnme costs and core costs. 5. To develop the competencies of delivery partners. Strategy for achieving our objectives 1. Through consultation. collaboration and active participation with locally led NGOS, local communities, their leaders, and other stakeholders LTh seeks to understand and address through various programmes the challenges faced when trying to ensure children receive the education that they need to break the cycle of poverty. 2. The programmes we develop alongside local delivery partners focus on the areas of school management, infrastruclure and resources, student health and welkbeing, and improving household resilience levels. 3. Our fundraising and communicalton strategy aims to diversify our income sources whilst relaining the interest and engagement of our existing donor base. Our values Our values reflect who we are and run through all that we do in lemis of decision makirwJ and delivery. We refer to them as SLICE. St wardshi of colleagues, of partners, of donors, of communities and of Ihe environment. We strive to achieve this by havlng an Incluslve and welcoming space wheie all ideas are con5ideied dlluwing Ilig charity to evolve and maintain our legitimacy whilst doing no hami. Lo we do not helicopter in and (slrt nf rKJmmiinitip.s, we stay for the long terni_ We believe that it is only through building up trust Ihat we can truly understand and influence change. Inle our word is our bond. we never make promises that we cannot keep, VR communicate wilh honesty, and we share challenges and Suc￿sSes. Collaboralion we practice participatory and adaptive management techniques that require Gonstant communication involving the community at all stageg of programme development. we [￿gnISe inequity and adjust to ensure that everyone is treated equally with dignity and respect. LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevoments and perfomiance LliieveiTieri awid rforii)ance Poverty is a complex problem that cannot be overwme by tsGkling one i88ue in i801ation. It requires a more insightful approach. At Livingslone Tanzania Trust our principal goal is to ensure that all young peO1￿e flourish through learning and advance in their e24 Lft raised £288.559 (2022-23 f241.171). its highest inWlTie ever for Ilie 2nd year Iri SUGGession. income 350.￿0 3txi.000 250.000 200.0(MJ 150.0ty) loo,000 50,000 2016.17 2017-18 2018.19 201920 2tr20-21 2021-22 2tr22-YJ 2trfJ.24 Fundraising remains difficult. 1. TrLtsts and Founda ions. LTh has built a trusted and respected relationship vAth some wonderful Trusts and Foundations. and we are extremely grateful to them for their ongoing financial support. Over the year received £192,955 {2022-23 £149,275) which is the highest since LTh's foundalion. It is noteworthy that this is the final year of grants from Social Caprtal koundatson to whom we are most grateful. We are thankful to the Rozelle Trust, Guemsey Overseas Aid and Development. Coles Medlock, Clive Richards Foundation, The Austin Bailey Foundation, Evan Comish, Laces Educational, Sl James, PlaGe Foundation, the Dower TFU?t, Gilchri3t Education Fund, CB HH Taylor, Dc La Rue, Mirianog, The Cordis Charitable Tnjst, Cauda, N Smith Charilable Trust, The Grace Trust, GreenHall. GC Gibson Charitable Trust. Beatrice Gilmore. HDH Imlls, Kate Ferrer koundation, William Allen Young CharitAblp TriJ.4t, Liddell Simpson Trust. Farthing Trust. Gilbert and Edgar 2. Gotpot￿anS. were £2.250. (2022-23 £5.033) y￿ remain grateful to Zebra Accounting for their ongoing support and to Mitsubishi Electric. 3. Volunteerin Schools. Schools support for continues to be dismpted by the pandemic. Volunteering incomo at £1,000 is limited and tri￿ are next planned for 2025_ (2022-23 f.1,750). 4. Individu ivin rece.ivpd f_QO.899 (2022-23 £83,543) from individual giving including online challenge events and GiftAid. Promotion of online challenge events and gift aid recovery. 5. Other In We have various other SoUr￿S of income over the year which totalled £1,456 (2022-23 £1,567). Which is made up of incomc from a variety of sources like PayPal, Amazon Smile, Christmas cards and bank interest LTT'S strategy is to have a diver88 incorna base and we feel we arè now at the tail end of the impact of the pandemic as we plan more school volunteer activilies. We continue to seek corporate partnerships, but our size and holistic approach in a speclflc locallon hinders oui Success. Our iiivebtiiieiit iii lundiiig raising for Individual, Trusts and Foundation has paid off. LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fxpe.ndilur@ Programmes were delwered in collaboration with MCDO, a locally-led NGO based in Babati. Proqramme expenditure was £215,764 (2022-23 £204,530) representing 81 OA of total expenditure {2022-23 74%). LTh's target is 80-85% which is determined by income rather than expenditure - the more we raise the more we spgnd on projects. The Trustees made a decision In invp.qt in fundraising and spent £27.965 in this area. down from £30.260 the previous year due to staff departure. The ROI (relum on investment) is £1:10.27, for every £1 invested in luiidiaisin9 we made £10.27, whith is a very good rate of return. L8sI year wc achicvcd £1.. £7.07. Fundrai8ing represents 10.450kn of expenditure. Our progress towards more online meetings and non-paper communications, along with an in-country programmes manager have reduced support costs. The Trustees remain supportive of the fundraising team's efftjrts and successes. analysis olexpenditure Changingshareol expenditure Y2.Y3 23.24 Expendituro in 2023-24 Iff4 •f•Y*￿* LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 c.arrying Funds over and our Reserves Policy Acknowledging that raising funds for some projects can take 12-18 months to complete it is a necessity to carry funds over from one year to the next, both restricted and designated. The Trustees have agreed that funds will only be remittcd to a projcct once all the funds have bean collected unless tha donor is making staged grants or due to exGhange rate variances meaning the risk of holding the funds reduces their value. The following programme specific funds are being carried over into 2023124.. . Funds Garried over for Overseas Pro ramme Costs 2023r24 2022123 2021122 Livelihood Programmes Education Programme Helpin Hands Programme WASH Programme Tanzanian Transition Costs 66.884 49.950 11.416 3.760 8.558 140,568 62,471 44,954 10.064 10.573 8,644 136,705 In addition, the Trustees recognise Lrrs responsibilities as an employer and development partner. Part of that responsibility is to ensure suffiGient reserves of unrestricted funding are held in place to manage.. The seasonality of income. Cash flow requirements. Our exposure to inltalion, exchange rate fluctuations, and unforeseen costs that may be incurred vthen working in inherently risky countries and situations. The cost of closure should it ever be required. Accordingly. the Trustees aim to hold in reserve.. . Between 3- and 6-months UK running costs. A small cash reserve. 21,505 41,636 13,474 50,914 23.159 150.688 Funds carrled overfor UK Operatlonal Costs 2023124 2022123 2021122 General Fiindq (Frp.p. Rpqg.rvpq) UK Running Costs reserve 5,914 27,924 33,838 4.730 11,990 16.720 5,472 32,371 37,834 Total Funds Carried over 174,406 153,426 188.735 The policy is reviewed annually by the Trustees and adjusted according to perceived risk and other factors. This policy was last reviewed on the 13 June 2024. LIVINGSTONE TANZANIA TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk managemp.nt The Trustees recognise the risks- Associated with working in remote settings and have put proportionate pr(￿esseS in place to deal with foreseeable risks. Associated wth just one delivery parlner which creates a degree of dependency. We continue to work with our delivery partner, and we rpgiilarly rmnduct remote and in person due diligence exercises of their policy and prO￿dural documentation and practices to ensure they meet our standards. We have also bpeiit tiine ￿Sed[GhIng additional delivery partners to enable delivery in other area8 of Tanzania and with partners with other speaalisms and will be conducting due diligence on them should we move forward with them. Associated with staff tumover in such a small UK team which can be a barrier to progress. We work hard to relain our staff by recognising their value and providing them with continual development opportunities. We also ensure that new staff are thoroughly inducted and remain committed to the work and the organisation. Associated with working with children and vulnerable people and the need to protect Ihem. The Trustees continue to review our Safeguarding policÈes and procedures to ensure the team are always aware ol their responsibilities, that the wellbeing of the community is at the centre of all programmes and suitable procedures are in place to enable community members and others affected by our work to raise concerns with us andlor our delivery partners. We conduct annual safeguarding refresher training for our staff, our delivery partners and community leaders. Associated with intemational instability vthich can resull in fluctuation of the exchange rates and inflation. The Trustees closely monitor intemational events, and this can influence dates when funds are sent lo Tanzania. Our programme design and planning take account of uncertainty in exchange rates. A88ocialed with thc potentially challenging fundraising environment for the years ahead. Associated with the positive process of shifting the power movement towards greater localisation and the move to decolonise aid and development practices. The Trustees regularly undertake a PESTLE Review with support of fellow small intemational development charities, a crisis group and through monitoring of the intemational press. LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 UK Global insecurities continue and perpetuate the focus on emergency aid rathèr than intp.m2titsnal development and the promotion of peace. The UK Government has been using parts of the international developmen budget on managing refugees in the UK. Thp.rp. is 2 General Election looming in the UK and it is expected that there will be a change in Govemment. This is likel to lead to the new Govemment to retum returning to the 0.7% ot the UK gross national income being allocaled overseas development and could lead to Dfid being separated from the Foreign Office. The labour Paty are committed to addressing poverty and greater gende equity. Tanzania The Tanzanian Government continues to improve the political freedoms ot the opposition parties in advance of the General Election in October 2025. but some restrictions slill exist however the climat is one of stebility. It is noteworthy that there is land conflict between the Maasi and the Govemment who are trying to relocate Maasai ￿Ople from their ancestral homes in Ngorongoro and Loliondo as they say population growth ha" increased which is putting lives o humans and wildlife in jeopardy. it is noteworthy that the new educallon currlculum has a strong emphasis on Iradilional values and cultures, which TrMII strengthen the enforcement o the illegality of homosexuality. We maintain a watchful eye on this. Corwpiion remains a problem but is being addressed. According to Transparency International Tanzania has improved slightly since last year. Tanzania is ranked 87th from 180 counlries. up from 94th the previous year. Kenya ranked 126. U anda 141. Tanzania's economic growth is strong at 6.1% and inflation is well managed. Tartzania has a wealth of natural resources: Significant sources of Helium have been discovere(I which could make Tz one the world's leading producers. The Eyasi-wembere basin (which includes part of the rift valley) is potentially home to oil and gas. ilst the economic outlook is good, it is no sufficiently indusive and unlikely to impact on poverty levels. It is noteworthy that across Tz the number o people engaged in agriculture in 2000 was 760A, this fell to 67°h in 2014 bui thls figure Is no increasing as more people retum to agricullure as a back up to other livelihoods due to job scarcity. Poor infrastructure (roads, food Storage, m8rke access, lack of access to farming technology, ptice olatility impact ol small holder fatmers. Political Climate Economic Climate he UK has left the recession. and the inflation appears to be under control. The UK has a diverse economy and high levels of employment and is stable. Interest rates remain high which i reducing levels of disposable income hich makes fundraising from individual that much harder. 10- LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Social Diverse culture in urt)An arpA% which contrtbutes to global understanding o people. The right-wing politlGal parties are growing in strength, which is a concern. Thp.rp 1.4 an aging population, and this suggests LTh ought to focus a little more on legaGy funding. e UNDP'S Gender Inequality Index suggests that hilst Tanzania is in the Low human development index. it continues to make improvements. Life expectancy is now 67 compared to 52 in 2000. Health Insurance is now mandatory wlh support from Ihe govemment for the poorest 27% of the population. verage number of years in school has incrcosed by 3.8 yrs in 2000 to 6.4yrs and this wll continue t improve. Govemmenl is in the process of publi consultation for their Developmenl Plan 2050. It is cxpcctcd that in order to reduce poverty they will consider improved urban living. increased agricultural productivity, greater industrialisation and investment in infrastructure. The use of technology is expanding mostly in mobile apps, thete are gaps in the use o technology in temis of laptopslcomputers. There are plans to Introdu￿ technology into schools but here are gaps in competencies of the teachers, and concems about capital cost, running cots, and maintenance. There have been no legal changes that impact on NGO'S this year. Climate for foreign Investmenl is improving. Travel has resumed and Tanzania remains a popular choice. echnology Technology is advancing at a great pa and LTh recognises a resource gap in its organisation. Legal LTh checks in wth the Charity commission to ensure charity and legal compliance. LTh is also parl of Small International A new Labour Govemment will be pushing for a Green Revolution and ould want to establish a Green Investment Bank which would focus on poverty reduction, inequality and climate action. They are also pledging t establish a aid-funded Food Sovereign Fund to enable small scale fanners in Ihe global south to gain access to land, seeds and finance. Environmental Agriculture is predominately rain fed making is vulnerable to climate variations. ￿lIst climate change is a global concern, Tanzania faces ils impact from severe heat variations, floods, and droughts leading to soil erosion, landslides, deforestation, soil exhaustion. 11 LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for 2024-25 and beyond Many projects roll over across budgetary years and therefore funds are rArried over to the next year. However, there are piujgLlb we plan to undertake in 2024125 for which y￿ have applied for funds or are on the process of applying for funds. Progress therefore is reliant on the success of our applications. UK Plans The Livingstone Tanzania "I rust has a cautious approach to the fulure as we recogriise oui le11an￿ on the well- being and goodwill of Ihose who support our work. However, where we can influence our destiny, we will make every effort to ensure our on-going success. In this vein The Trustee5 are enthusiastic thal LTT plays a role in the welcome and growng movement to decolonise together wlth Ihe shift toward5 ITlUltr loGalisatioTr. LTh as a charity has never stood still and we continue to evolve in relation to the needs of the communiti-es we serve and the environment in which we work. As a result, the Twstees have approved a rebranding exercise and have recruited a volunteer to assist in this process to ensure a smooth transition wth effective communications. We continue to explore other ways in which power, decision making, storylelling and imagery can be shared. LTh will be leading a podcast on the topic in collaboration with Small Intemational Development Charities Network in June 2024. The Trustees are planning for a bright and successful fulure where all are equal around the table. The Trustees will start developing a succession plan to enable the charity, in 34 years. time, to move from being a founder led to the next stsge with fresh ideas. We will continue to nurture, infom. and inspire our supporters whilst also working with a team of skilled volunteers to develop and implement a strategy to increase our supporter base. We VAII continue to share their ski115 and kno￿edge with other small intemational development charities and to seek linkages and potential partnerships with other charities. We will grow grant funding from trusts and foundations. We will diversify our in-country delivery partners to allow us to move into other areas and other with other locally led NGOS. Tanzanian Plans The Livingstone Tanzania Trust wll continue to work MCDO to deliver projects wiihin Babati Town whilst working willi otlier loGally led NGOS both inside and outside of Bobati. School InfrastnKtu To support I￿al communities to achieve their schools. development goals by- Building 3 classrooms and completing two classrooms at Kiongozi Primary School. Completing the construction of new toilet blocks at Babati Day Secondary School for boys and girls as the current toilets are not meeting the needs of thc U4Jcrs. Building a school farm at Ihg Oldendereti Primary School. south of AnJsh8, tn provide fnjit and vegetables to the school meal programme and enhance the diet and heallh of the students and build a school kitchen, food store and small covefeil diiiiiiy area. intend to deliv¢r this projeGt in collaboration with a locally led NGO called Ndoto in Action. School Resources To support local communities to achieve the schools. development goals by: Working wth schools to improve book to student ratlOS. Working with 5Ghuulb lo imwove student: desk ralios. Working Glosely with the Babati Town Education Department and pl￿ Intemational to deliver the 2nd year of our pilot training programme for Head and Deputy Head Teachers and Ward Education Officers wilh the aim of addressing Issues surrounding school leadershlp and school tnandgviTi¥iII bystenis. Working closely wlth the Babati Tvwii E(Jucation Officer for Secondary Schools to addre38 the 3hortagc of bunk beds that is keeping students from boarding. Boarding facilities enables students to spend more time on their studies, removes the risks associated wilh travelling to and from school, reduces the risks of unwanted pregnancies and domestic abuse. 12- LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Thriving Communities To support communities to floun-sh by: Continuing to work tliiuuyli the Street Busine55 SGhool. Livestock and Horticultural Training Programmes and demonstration siles to suppori the development of skills, knowledge, and confsdence of individuals within the community. Equipped with enhanced knowledge and skills, householders can diversify and Secure increased incomp. tn improve their resilience and standard of living. In this way the household income levels wll be SLrfficient to afford the costs associated with further education. Supporting the development and implementation of a pilot youth enterprise programme with an NGO in Mwanza called Advancing Youth OpportunilieB Initiative (AYOI) whilst building their woject management skills. Continuing to engage communities and other stakeholders to actively participate in school and community development issues. Through improved communication and greater transparency plans can be developed, progress shared, and leaders held accountable. This builds faith and trust which is essential for maintaining commitment for existing and future projects. Continuing to support individual students wth financ￿1 support to enable them to progress with their education as far as they able through our Helping Hands Programme Improving the collection of qualilalive data alongside the quantitative data with a view to building documents that reflect Babali lrfe of today and the contribution that Lrr has made. Rese8rGh and Development As LTT seeks to expand our footprint in Babati, the Trustees have agreed to conduct research into 4 communities to the northeast of Babati. This is a location of some of the poorest perfoming primary schools in the town's boundaries and before starling a programme to improve the schools, the Trustees want to fully understand the challenges that the communities face. Specifically. the Trustees have directed research into culture, education, child health, agricultural activities and environmental factors whlch might contribute. The research will be undertaken by Lrfs Programmes Manager alongside a qualified health worker and a student from Tanzania's leading Agricultural University. The research will lead to Greater understanding of the challenges. Building of trust btheen LTT and the community. The comrnunity informing us of their ambitions. plans and goals for the ￿ture. LTh being able to infom the comrnunity on vthich aspccts of their community development goals wa can support them with. LTh building a strong base for development strategies for 202&30. being able to select locally led NGOS who are able to assist those communities achieve their goals. 13- LIVINGSTONE TANZANIA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure. governancè and managempnt Livingstone Tanzania Trust fLTh"l is a company limited by guarantee. It is govemed by its memorandum and articles of asscKiation dated 29 March 2007. LTh is a registered chatity (Regi5tererJ Clidiily Nuiliber 1119512). The trustees, who are also the directors for the purpose of Company law, and who served during the year and up to the date of signaluie of the firi(IIILldl bldiements Y￿re- C Shiret A Vvootten CP Hyde D Higham T VVThIIs M Edwin A Mitchell E Salongima G Clark (Retired 7 February 2024) {Appointed 2 May 2024) The Board takes its obligation to ensure that all Tnjstees take their duties and responsibilities seriously, and Ihe Chairman ensures that they are discussed and understood by the TNstees as part of the regular trustee meetings. Appointment of Trustees requires a fomial resolution of the Trustees at the Annual General Meeting. LTh's Articles of Association require thal il will have at all times at leasl 3 Trustees and Trustees are appointed for a 5- year tem at which point they must retire and where appropriate be re-elected. The Trustees provide long-term strategic direction, agree medium and short-temi objectives, discuss policy cnanges, and undertake recruitmenl. Long-terin planniiig is crilifjal to our operations to ensure that we are Glearly able to commit to the communities we support and the projects we undertake. The responsibility for the day-tcpday running of LTT has been delegated by the Trustees to Julian Page (Managing Director and the founder of LTf). Julian holds a master's degree in international development and has many years of experience in management prior to founding LTh. To assist him LTT employs a full lime Programmes Manager and 2 part time fundraisers. The Trustees provide their time for free to assist in the guidance and development of the charity. Whilst Ihe Gender Pay Gap reporting regulations as laid out in the Equality and Human Rights Commission do not apply to LTT due to our size, in the Spirit of the rogulations we do not base pay on gender but on competencies. LTT re¢ognise the ever changing extemal as well as intemal influences on our programmes and consequently adopt an adaptive style of ryldIldyeiiivnt to our wotk which eriables us to respond to multiple and changing circumstances. This provides us with sufficient flexibility and responsiveness to adjusl programmatic activities lo ensure optimum results. The Trustees have established a working relats'onship, bound by a Memorandum of Undersianding, with a TAn7.anian NGO- Maisha Capacity Development Opportunity (MCDO). Programmes and projecls are designed. implemented, monitored and evalLtated in collaboration with all stakeholders including the community leaders and the local authorities. 14- LIVINGSTONE TANZANIA TRVST TRUSTEES, REPORT ONCLUDING DIRECTOR5, REPORn (CONTINUED) FOR THE yEAR￿IDED 31 MARCII 2024 Hl%VA¥W ol ¢￿T￿Tr ond v4ln¢oblfr adults Ytry xrvJ*, i)w ptaAty proce4we3 we or ow wuk and rèllularty Wlul Iyo rtho nr• $414gu4pJb¥ PJ) In ￿Y14. Cshk -1s- LIVINGSTONE TANZANIA TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVINGSTONE TANZANIA TRUST I report to the trustees on my p.xamin2tion of the financial statements of Livingstone Tanzania Trust (the charity) for the year ended 31 March 2024. This report is made solely to the charity's trustees, as a body, in a¢o)rdance with section 145 of the Charities Act 2011. My work has been undertaken so that I might stste to the chanws trustees those matters l am required to gl2tg. tn thp.m in this report and for no other purpose. To the fullest exlent perniitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have fomied Responsibllities and basls of report Ab Ili¥ li uslees of tlie Gharity (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's rinancial statements carried out under section 145 of the Charits'es Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectTron 145{5)(b) of the 2011 Act. An independent examination does not involve gatheTing all the evidence that would be required in an audit and consequently does not cover all the matters thal an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no O￿nIOn as to vthether the financial stalements present a 'true and fair, view and my report is limited to Ihose specific matlers set out in the independent examiner's statement. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a Mernb￿ of the Institute of Chartered Accountants in England and Wales, which is one of the listed t¥)dies. I have completed my examination. I confirm that no matters have come to my attention in Connectic￿ with the examination giving me cause lo r)elieve that in any matertal respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply wilh the accounting requirements of section 396 ot the 2UOb Acl olher than any rp.qiIirp.mp.nt Ihxt the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the flnanclal statements have not been piepdrEd iii ciLcordaiict with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wtth the Financia] Reporting Standard applicable in the UK and Republic of Irgland IFRS 102). I have no concems and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper un(Jerstandlng of ine financlal statements to be reached. Janine Mansfield Rickard Luckin Limited 1 st Floor County House 100 New London Road Chelmsford Essex CM2 ORG Dated. Ii/8/.2. 16- 00(0 xj 75VW Qb D 4¥ (Y LIVINGSTONE TANZANIA TRUST BALAPICE SHEEr AS AT21 MARCH 2024 Thnot4D t￿¥18 12 179 13 B.745 10.41Q 16ts.479 X9.341 IW,Q40 15 un¢ yraT Vf.NZl1 1PI.520 180,L) 1Ba,1B3 16 {2Q 163.426 174.4CIJ 1D3,4>3 TM ILmd# ol th• ¢h•rlty ia 111.471 5314 5tJDi 1Ql,166 4.7>J 41.530 174.4CG I￿.426 31 2024. ?inty -1U. LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polKcles Charity information -tonc Tanzania Trust is a privata company limited by guarantee incO￿Tated in England and IAèle8. The Living- registered Offi￿ is 14 St Dawds Drive, Leigh on Sea, Essex, SS9 3RF. 1.1 Accounting convention The financial statements have been prepared in accordance wth the charIt￿S goveming document, the Companies Act 2006, FKb 102 "The Financial Reportlng standard appllcable in the UK and RepubliG ul Ireland. ('FRS 102.) and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice (amended for bulletin 1 & 2) applicable to charities preparing their accounts in accordance with thc Financial Repoiting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the prowsions in the SORP for charities not to prepare a Statement of Cash Flows. The financlal statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial stalemenls have been prepared under the historical cost convention. The principal accounting policies adopted are set OLtt below. 1.2 Going concern At the lime of approving the financial stalements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside al the discretion of the trustees for specific purposes. The purposes and uses of Ihe designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The putP05es diid Ubes of Uie restriGted fund5 are set oul in the notes to the financial 8latements. 1.4 Income Income is recognised when the chartty 15 legally eiiliueil lu il Éan¥r aiiy perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are reGogfjibEd ori receipt. Other donations are reGognised once the Gharity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time ot the clonalion. 19- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aeeountlng policles Icontlnued) 1.5 Expenditure Expenditure is recogniscd oncc thcre is a legal or constructive obligation to transfar aconomic benefit to a third party, 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 classified by activty. The costs of eath a¢tivty are made up of the total of dir&t costs and shared cost: including support C08t8 involved in undartaking èach activity- Direct costs attributablé to a single activity are allocaled directly to that activity. Shared costs which contribute to more than one aclivity and support costs which are nol attributsble to a slngie acllvity are apportioned between those aclivitleb Ull il bdbib onsistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. Resources expended are accounted for on an accruals basis. and I￿ludeS any VAT that cannot be recovered. VNThere possible costs are allocated directly to the activities to which they relate. Govemance costs are the costs associated wtth the govemance arrangements of the charity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measured at Cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Computers 33% reducing balance The gain or loss arising on the disposal of an asset is deterniined as the difference between the sale proceeds and the Garrying value of Ihe asset, and is recognised in the statement of financial activilies. 1.7 Impalrment of fixed assets At each reporting end date, the charity reviews the carrwng amounls of its tangible assets to detemine whether there is any indication that those assels have suffered an impaimient loss. If any such indicalion e￿Sts, the recoverable amount of the asset is estimated in order to detemine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid invcstmcnts with original maturitie8 of thro9 months orless, and bank overdrafts. Bank overdrafts aré shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to appty the provisions of Sertion 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financlal Instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provision" of the instrument. Financial assets and liabilities are offset, wlth the net aTnounts ptesenled in the finanGi(Il tttclteiiiviitb, wlien there is a leoally enforceable riqht to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. -20- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) Basic financial assets B88ic financial a￿Sets, which include deblors and cash and bank balances, arè initially measured at transaction price including transaction costs and are subsequently carrted at amortised cost using the effective Interest method unless Ihe arrangement constitutes a finar7cing Itan5actiofj, wlivie Ilie IiaiisaGtion is measured at the present value of the fvture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaction price unless the arrangement constitutes a financing transaction, where the debt instrumant 15 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or SeN1￿ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured at amortised cost using the effective inleresl method. Derecognltion of financial liabilities Financial liabilities are derecognised vthen the charivs contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enltllement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charÉty is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retlrement benefits Payments to defined conlribution retirement benefft schernes are charged as an expense as they fall due. Critical accountlng estimatss and Judgements In Ihe application of the charity's accounllng pollcles, the tru5tee5 are requiiErJ Iu ITiake judgements, estimates and assumptions about the carryinq amount of assets and liabilities that are r￿t readily apparent from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to ba relevant Actual results may differ from these estimates. The eslimates and undertying a5sumption¥ drE ievivwed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects (￿lY Ihat period, or in the period of the revision and fvture periods where the revision affects both current and fulure pariods. 21 UJ Lf) 00 In 7> TS ¢U w)0 7J Tts 7J 41 LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomo from other trading acllvitigs Unrestricted Unrestricted funds funds deslgnated designated 2024 2023 Trading aclivity income: other 1.234 1,407 Investments 2024 2023 Bank interest received 160 -23- 1+1 17J ) r In 4X* OJ ¢D com ts)0 ¢tJ C75 c c J uj ( ¢f JJCL C4 (M ¢TJ C￿￿ ¢4 ￿ ¢5) Or( (o v) u) (J LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvlties 2024 2023 Training costs Travel & volunteer expenses Office costs Printing & slationery Accountancy fees Recruitment fees IT costs Subscriptions Loan interest Governance costs 483 2,607 578 62 490 96 732 1,795 366 S46 1,742 15 1,232 5,998 1.809 140 733 6,611 13,513 12,522 Analysed between: Livelihoods programme Education programme Volunteer programme Tanzania administralion costs UK administration costs 244 544 396 96 12,233 534 11,988 13,513 12,522 Support and govemance costs have been allocated across charitable activÈties on a time apportionment basis. Governance costs induded payments to accountants of £5.718 (2023 - £3,234) for independent examination fees. Grants payable Total 2024 Livelihoods UK Programme admlnlstrati 011 costs Total 2023 2023 2023 Grants to indtviduals 640 212 852 640 212 852 Trustees -lees {or any per8on8 connectad them) received any remuneration or benefitg from the Nonc of thc tru- charity during the year. -26- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of tha Taxation of Chargeable Gains Act 19Q? tn thp. pxtent that these are applied to its charitable objects. 11 Employees Number of employees The average monthly number of employees during the year vrds: 2024 Number 2023 Number Direct charitable services Employment costs 2024 2023 Wages and salaries other pension costs 63,865 84,001 6,176 67,509 70,377 The employee numbers consist of an employee at 60% full titne for 12 months, one employee at 100% for 12 months and one employee at 400h full time for 3 months. There were no employees wlN)se annual remuneration was £60,000 or more. 12 Tangible fixed assets Computer Cost At 1 April 2023 2,105 At 31 March 2024 2,105 Deprcclatlon and impaSrmont At 1 April 2023 Depreciation charged in the year 1.926 119 At 31 March 2024 2,105 Carrylng amount At 31 March 2023 179 -27- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Amounts falllng due within one year: Other debtors Prepayments and accfued income 8.745 10,087 332 8,745 10,419 14 Loans and overdrafts 2024 2023 Bank loans 26,586 36,416 Payable within one year Payable after one year 9,472 17,114 9,659 26,757 16 Credltors: amounts falling due wlthln onè year 2024 2023 Notes Bank loans Accruals and deferred income 14 9,472 8,349 9.659 9,185 17.821 18,844 16 Credltors: amounts falling due after more than one year 2024 2023 Notes R8nk Inans 14 17,114 26,757 17 Retlrement benefft schp.mps 2024 2023 Deflned contributlon schemes Charge to profit or loss in respect of defined Contribution schemes 3,644 6,176 The charity operates a defined contribution pension scheme for als qualifying employees. The assets of the scheme are held separately Irom Ihose of the chatity In an In(Jependendy administered furid. -28- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incomlng Resources resources expended Transfers At 31 March 2024 Livclihoods Education WASH Helping Hands 62.179 23.352 5.062 10,573 95.221 123,688 100 4,175 (70,635) (116,314) (5,320) (3.332) {?_0,174) 2,335 3,561 86,591 33,061 3,4UJ 11,416 101,166 223.184 (195,601) (14,278) 114,471 Prevlous year: At 1 Aprll 2022 Incomlng resources Resources expended Transfers At 31 March 2023 Livelihoods Education WASH Helping Hands 13,273 3.017 36.833 13.476 78.961 76.661 10,975 6,693 (40,232) {69,915) (52.856) {9,464) 10,177 13,589 10,110 (1321 62,179 23,352 5,062 10,573 66.599 173,290 (172.467) 33,744 101,166 Restricted funds are used for the following purposes: Education - Education funds are used for capitsl investment and capacity building at schools LÉvelihood fundq- are us@d to for capttal inveslment and capacity building of community members WASH funds are used to capital investment and capacity building for issuè8 ralating to watèr, sanitation and hygiene for school and community Hplping Hands is a programme that sponsors student education and living costs for those in dire need who show great potential. Helping hands income and expenditure are included in Education in note 6. -29- LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 UnrestriGted fund3 - desi9nated These are unrestricted funds which are material to the ¢hariVs activities. At 1 Aprll 2023 Incoming resources Resources expended Transfers At 31 March 2024 Livelihoods Education Wash Tanzania costs UKcosts 293 21.603 4.999 8.645 11,990 293 16,889 357 8,558 27,924 10.500 (13,714) (1,046) (6,229) (46,4041 {1,500) (3,5961 4,642 19,270 1,500 43.068 47,530 55,C68 {67,393) 18,816 54,021 Prevlous year: At 1 Aprll 2022 Incoming resources Resources expended Transfers At 31 March 2023 Livelihoods Education Wash Tanzanla costs UK costs 8,230 38,619 14,081 23,159 32.372 (4,704) (13,412> (2,681) (10,228) 10,546) (3,233) (5,104) (6.401) (5,325) 4,997 293 21,603 4,999 8,645 11,990 1.039 45.167 116.461 47.706 {101.571) {15,0661 47,530 Designated funds are used for the tollowng purposes: Education - Education fvnds are used for capital inveslment and capacity building at schools Livelihood funds- are used to for caiital investment and capacity building of community members WASH funds are used to capital investment and capacity buildinq for issues relating to water, sanitation and hygiene for school and community TZ core costs are used to Gover the non-program costs associated wilh working wth delivery partners such as training and governan LIVINGSTONE TANZANIA TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysi¥ of net assets between funds Unrestrlcted Unrestricted funds funds general deslgnated 2024 2024 Restricted funds Total 2024 2024 At 31 March 2024: Current asselsllliabilities) Long term liabilities 23.028 (17,114) 54,021 114.471 191,520 (17,114) 5.914 54.021 114,471 174,406 Unrestricted Unrestrlcted funds funds general designated 2023 2023 Restricted funds Total 2023 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) Long tetm liabilities 179 31.308 {26,757) 179 180,004 {26.7571 47.530 101,166 4,730 47,530 101.166 153,426 31