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2022-03-31-accounts

FINANCIAL STATEMENTS & TRUSTEES ANNUAL REPORT

For year ending 31[st] March 2022

Contents

Page

3 Annual Report 22 Independent Examiners' Report 23 Statement of Financial Activities 24 Balance Sheet 25 Notes to the Accounts

Charity Registration No.: 1122176

Governing Document: Model Trust Deed dated 8 November 2007

Address: 51 Willersley Avenue Sidcup DA15 9EJ Trustees: Abiodun Olorunfemi (Chairman) Nathan Whitaker (Treasurer) Nicola Baldwin Tanatsa Nyamambi Mujuru Simbarashe Mupfumira Jacquelyn Van Jaarsveld James Rogers Independent Examiner: Peter Saltiel Church & Charity Accounts Service 7 Planchadeau 23460 Saint-Pierre-Bellevue France Bankers: HSBC Bank PLC 1-3 Bishopsgate, London EC2N 3AQ Virgin Money Bank 115 Houndsditch , London EC3A 7BR The Co-operative Bank Plc 80 Cornhill , London EC3V 3NJ

Charity Details

Registration Number 122176

Governing Document Model Trust Deed; dated 08/11/2017

Tunde Olorunfemi Chair

Tanatsa Nyamambi Governance

Nathan Whitaker Treasurer

Jacquelyn van Jaarsveld Events Planning

Nicola Baldwin Media & Marketing

Simba Mupfumira Fundraising

James Rogers

Legal

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Who are we...

Makomborero (which means “blessings” in the local Zimbabwean language, Shona) is a UK registered charity that relieves poverty in Africa through the education of its children.

Makomborero achieves this by investing time and money in disadvantaged communities in Zimbabwe, enabling gifted children fulfil their potential, and provide them with hope and a future.

What we do...

We rely on the voluntary contributions of supporters to lift beneficiaries out of poverty by providing a holistic education in a collegiate environment, accommodation, food and clothing as well as mentoring and educational resources. As a result, children are motivated to learn and maximise their potential to improve the lives of their families, and themselves.

“Empowering the few to impact the many.” Tunde Olorunfemi

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How we do it...

As a Grant making trust Makomborero UK partners with Makomborero Zimbabwe by issuing grants and expertise to deliver its charitable objectives. Although legally distinct organisations (with separate boards of trustees) we partner to maximise outcomes for beneficiaries . Makomborero UK generates funds through individual and corporate donations and grant receipts. This, alongside specialist support, resources its local - partner, Makomborero Zimbabwe coordinated by Mark and Laura Albertyn.

The Albertyns moved to UK in 2003 from Zimbabwe, and set up Makomborero; with the vision of returning to work in disadvantaged communities, focusing on A-level education.

Prior to 2003, Mark taught A-level Mathematics and Physics at an independent school in Zimbabwe, developing a passion to support scholarship students. In July 2010 the dream was realised with the support of Makomborero UK. They have four young children, Matthew, Zoe, Ella and Phoebe.

Makomborero Zimbabwe’s ‘knowhow’ client relationships, and local knowledge, enables us effectively reach our target beneficiaries in practical and sustainable ways.

“Education is the most powerful weapon which you can use to change the world.” Nelson Mandela

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Where we do it...

Makomborero UK grants enable Makomborero Zimbabwe deliver its unique award-winning holistic A-Level education programme.

To date over 240 underprivileged students have benefited representing the difference between dreams being crushed by the barrier of poverty, and ambitions being realised with access to further education.

Local and international partners continue to be instrumental in Makomborero’s delivery strategy, along with strong networks that support students studying away from their rural homes, or even abroad. Makomborero UK is privileged to be in partnership with Makomborero Zimbabwe , whose project coordinators, Mark and Laura Albertyn, along with their local board, employees, and volunteers, continue to stay committed and driven in transforming the lives of young Zimbabweans; no matter the challenges.

Grant making policy

Makomborero UK, as a grant making trust, remains committed to it’s partnership with Makomborero Zimbabwe.

We use annual reviews to verify projects remain in line with goals; supported with periodic reports, audits, and Trustee visits, to project inspections and beneficiary interviews. Recipients of our grant making programmes are still secondary school students; nevertheless, we continue to be committed to the end-to-end pathway designed to support intakes before and beyond the tenure of all our schemes (e.g., from supporting primary schools to scholarships for university students).

Our empowerment programmes Ndeipi and Mutsidzera provides the wider community with entrepreneurial skills in line with our goal of alleviating the cycle of poverty.

Grant making considerations

Makomborero’s success is based on a unique strategy that engages high potential students each year who undergo tests to be placed in partnership schools or supported to stay in state schools.

The Board has reviewed and maintained the partnership in line with wishes of supporters and local partners. The impressive student results and rate of return on investment has validated this strategy, and continues to attract support from donors, and delivery partners.

Be engaged where you are NOW; to make an impact with what you have NOW, to do what you can already do NOW.

Tomorrow’s increase will be realised from today’s collective NOWs” Tunde Olorunfemi

Governance

This year proved challenging for the Board in adapting to the demands posed by the global pandemic. Notwithstanding, resilient structures developed over the years provided it with a base to address new emerging issues; coupled with Zimbabwe’s already challenging economic and political climate.

Risk Management

Makomborero maintains a quarterly review of its risk profile; monitoring emerging issues/opportunities

flagged by industry trends, local reports, and regular assessments. This informed required Trustee skills, fiscal assurance/reserves levels, grant disbursements, etc. Major issues faced this year remained the global Covid19 pandemic, coupled with disruptions in the local banking system; notwithstanding, embedded systems have coped effectively. The Board is satisfied current measures enable it flag, review and address concerns or advantages, to adapt accordingly.

Financial Review

Makomborero remains financially resilient, despite a tough operating environment underpinned by the C19 pandemic which has impacted inflation in both the UK and Zimbabwe and currency devaluation which has resulted in continued economic hardship in Zimbabwe.

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Financial Review (Cont’d)

The trustees of Makomborero had to adapt to unforeseen needs such as incurring new costs for the provision of tablet computers for external students to cope with school closures and a lack of online alternatives for state schools in Zimbabwe. In addition, there was a need to safeguard beneficiaries with new C19 measures, manage the impact of infections, sustained shutdowns and food packs, all of which were largely unforeseen.

It is a measure of resilience of the operational team on the ground and agility of the board to reprioritize needs, and buffer our level of reserves to enable us to cope with these issues. This is aside from the need to continue our core activities at a time when Makomborero Zimbabwe’s source of local fundraising dwindled due to pandemic restrictions, local inflation, and we saw sustained currency deflation (lowering real-term value of remittances) plus the impact of natural events (cyclone, draught, and famine).

UK income for the year to 31[st] March 2022 was - £147,880 (12% increase on 2021 £131,735) of which £32,410 was restricted funding and £115,470 unrestricted (i.e., ‘free’ cash to be spent at the Charity’s discretion). Expenditure for the year was £157,469 (11% increase - on 2021 £141,354) of which £18,053 was restricted funding. Grants to Makomborero Zimbabwe for the same period were £132,218 (up 16% on 2021). The increased expenditure and grants reflect further reliance on UK funds to offset additional costs and reduced local fundraising.

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Reserves Policy

The Trustees of Makomborero UK had to draw on its reserves to address fundraising shortfall because of Covid lockdowns, and fewer event opportunities; as well as the need to fund additional requirements in Zimbabwe.

The trust is committed to build unrestricted reserves to return to its policy of holding equivalent of six-months of unrestricted grants as part of its resilience strategy to mitigate volatile economic conditions in Zimbabwe.

Restricted Fund Descriptions

Student Sponsorship – relates to donations raised through the Global Giving in relation to our principle student sponsorship programme.

Ndeipi Fund – Ndeipi is an entrepreneurial, small business training course designed to teach participants that they can earn an income using the resources that they already have (rather than needing a big loan or donation).

Girl Mentorship – Makomborero works with schools in high density areas to identify vulnerable girls in Form 2 (aged 14 – 15), in order to provide a mentorship programme, that gives them hope and a vision of their futures, beyond the societal pressures they face.

Minibus Replacement – multi-year fundraising to support replacement of the current minibus to transport more students whilst improving safety and fuel efficiency.

– Old Georgians Alumni relates to donations received from alumni who previously attended St Georges school, Harare and are committed to continuing the legacy of St George's through support of Makomborero students.

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Fundraising & Donations

Fundraising efforts were curtailed for most of the year by the Covid-19 pandemic; nevertheless, we were still maintaining delivery capacity, thanks to a combination of loyal supporters, plus new partners. These have sustained revenue streams at a time capacity for events were curtailed by pandemic restrictions.

Nevertheless, where events have been able to hold, our loyal support base continue to fundraise and campaign on our behalf. Efforts have also been boosted by local contributions in kind from both individuals and businesses which has reduced overheads in certain cases and allowed funds to be diverted to other priorities.

Review of the Year’s Activities

Resource Centre

The Centre experienced the impact of Covid with an outbreak resulting in a temporary closure. Notwithstanding, well developed mitigations ensures effective controls, and proved beneficial in shielding the students.

Maintenance projects were delivered to carry out roof repairs, replace beddings (useable ones were donated to a local orphanage), and provide a gap year accommodation for Alumni students that serve the Charity. The Centre continues to be used for extracurricular activities, such as swimming, crafts, and the engagement of a professional counsellor to deliver a 9-week session to address the Mental Health needs of beneficiary students.

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UZ House

Makomborero was blessed with the donation of a second property by a local supporter to house the Charity’s alumni that attend University of Zimbabwe. Beit Trust (a local body) was used to renovate the property and create a permanent office for Makomborero. The property was initially occupied by five students, but plan to increase this to 10 in the coming year.

Review of the Year’s Activities

Partnership Schools

The partnership of Gateway High School, Hellenic Academy and St George’s College continues to underpin our A-Level programme; despite the hard economic situation in Zimbabwe and impact of the pandemic. Although student missed out most of the extracurricular, they were able to write their examinations in person. The easing of lockdown has also seen the steady return of normal activities. Furthermore, results continue to be impressive, with beneficiaries picking up academic and sporting prizes.

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Makomborero Camp

This was held for all external and internal students at a campsite near Marondera. The event included mental health and

‘Maker Club’ (i.e., science craft) workshops and helped bond both beneficiaries and staff.

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Review of the Year’s Activities

Mobile Science Laboratory

The lab ran during the 3rd term with smaller numbers because of lockdown restrictions.

Participants are recruited directly from local schools and utilized the skills of our Alumnus with University of Zimbabwe as part of the teaching team.

Girl Mentorship Programme

This key programme resumed in person in September 2021 in three different schools.

Nevertheless, good relationships had been developed despite pandemic restrictions by using WhatsApp and online tools for training so that it hit the ground running once in person development sessions were resumed.

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Review of the Year’s Activities

External Students

Makomborero has maintained Support for additional students who do not benefit from partner school scholarships but are sponsored to remain in state schools.

They were generally adversely affected by the lockdowns with no alternative provision like the private schools, so were indebted to the 16 tablets donated to enable them to continue studying. These were enhanced with special apps developed by Makomborero to ensure they did not fall too far behind their respective curriculums.

The Charity had limited to access to them due to movement restrictions, however they were able to join a life skills session and access a psychologist at the resource Centre, alongside internal students. This was followed up with weekly welfare check-ins.

University Grant Scheme

The shutdown of the local universities because of pandemic restrictions has also had a grave impact on students. Still, they have been supported with stipends for living expenses and mobile data to help them access online lessons.

Review of the Year’s Activities

Giving Back

A lot of focus has been placed on students actively engaging their communities in order to foster a sense of obligation to ‘give back. As a result, a number of – activities both organised by the charity, plus selfinitiated programmes were realised; eg computer programme lessons for high schools, mentorship support, skills workshops etc.

Ndeipi Entrepreneurship

This economic empowerment programme in Partnership with One Hope Initiatives to empower families of Makomborero students to

earn money and run subsistent trades remains popular. It was also disrupted by the pandemic but resumed in May 2021 with the 25 people on it finishing the course in December with a graduation ceremony with certificates. The plan is to open the opportunity to families of Girl mentorship Scheme participants in the coming year.

Mutsidzira

This is a scheme that grants students with $2,000 for a year to fund local projects in their communities. They are further supported with

budgeting, record-keeping, and report writing skills, and progress is monitored by the operational manager.

Review of the Year’s Activities

Local Partnerships

Makomborero Zimbabwe continues to enjoy local corporate support, which is commendable, considering the tough economic conditions. The use of both cash and in-kind donations have contributed to improving the support and reach for beneficiaries.

Student Recruitment

The process for recruiting new intakes from over 70 local secondary school took place in December with various recruiting and testing rounds. The peak outbreak of Covid19 meant juggling members of staff and pupils amidst the process. Testing revealed an obvious drop in performance of the students which reflected 2 years of gaps in schooling (as a result of the pandemic lockdowns) which Makomborero Zimbabwe is now working hard to address.

Public Benefit Statement

In accordance with the Charity Commission’s general guidance on public benefit, the board confirm the impact on people and communities with whom we work is a key consideration when deciding how grants are made.

• Providing accommodation, food, uniforms, textbooks and stationary to students and the families of students who are beneficiaries of the scholarship programme.

• Ensuring all students receive guidance, support, mentoring and opportunities to further their education, post A-level.

The purpose of Makomborero is to aid the relief of financial hardship and further the advancement of education in Africa by making grants of money, in particular, but not exclusively, for training and community based projects.

• Supporting students by offering or securing scholarships / grants so ambition and opportunities are furthered beyond their tenure with Makomborero.

Makomborero continues to meet its charitable objectives by:

Who will benefit?

• Supporting disadvantaged students in Zimbabwe to complete their education by providing fully funded A-level scholarships in leading schools, along with paying school fees for a growing number of students to remain in their existing school.

“No matter the magnitude of the world’s problems, addressing it, ‘one life at a time’ makes it just that bit a better place.” Tunde Olorunfemi

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Statement as to the disclosure of information to the Independent Examiner

“In closing, we attest that all relevant information required for the independent audit of our accounts was made available to the examiner, and that the resulting report is a true reflection of the trust’s accounts.

The report was approved by the Board of Trustees on Friday 15th December 2022, and signed on their behalf.”

Tunde Olorunfemi Chairman

Independent Examiner’s Report to the Trustees / Members of Makomborero Registered Charity No. 1122176

for the year ended 31[st] March 2022

I report on the accounts of the above charity (“the Trust”) for the year ended 31[st] March 2022.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Peter Saltiel Church & Charity Accounts Service Planchadeau 23460 Saint-Pierre-Bellevue France

Dated 19[th] December 2022

MAKOMBORERO

Statement of financial activities for the year ended 31[st] March 2022

Income
Income and endowments from:
Donations and legacies
Investments
Other income
Expenditure
Expenditure on:
Raising funds
Charitable objectives
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Notes
Fund
Fund
2022
£
£
£
3
3.1
109,582
32,410
141,992
3.2
52
-
52
3.3
5,836
-
5,836
115,470
32,410
147,880
4
4.1
4,423
215
4,638
4.2
134,993
17,838
152,831
139,416
18,053
157,469
(23,946)
14,357
(9,589)
103,304
17,168
120,472
79,358
31,525
110,883		 Unrestricted
Restricted
Total
Notes
Fund
Fund
2022
£
£
£
3
3.1
109,582
32,410
141,992
3.2
52
-
52
3.3
5,836
-
5,836
115,470
32,410
147,880
4
4.1
4,423
215
4,638
4.2
134,993
17,838
152,831
139,416
18,053
157,469
(23,946)
14,357
(9,589)
103,304
17,168
120,472
79,358
31,525
110,883		 Total
2022		 Total
2021
£
131,392
343
-		 Total
2021
131,735
1,589
139,765
139,416
18,053
157,469		 141,354
(23,946)
14,357
(9,589)
103,304
17,168
120,472		 (9,619)
130,091
79,358
31,525
110,883		 120,472

All activities are regarded as continuing.

The above statement includes all recognised gains and losses during the year.

The Notes to the Accounts form part of these Financial Statements

MAKOMBORERO

Balance Sheet as at 31[st] March 2022

CURRENT ASSETS
Bank Accounts
Debtors
CURRENT LIABILITIES
Creditors
Net Current Assets
Total Assets
Funds
Restricted Fund
Student Sponsorship
Minibus Fund
Girl Mentorship
Ndeipe
OG Alumni
Designated Fund
Minibus Fund
Property Fund
General Fund		 Notes
2022
2021
£
£
£
£
111,407
108,039
5
276
13,183
111,683
121,222
6
(800)
(750)
110,883
120,472
110,883
120,472
7
7,865
7,168
22,500
10,000
768
-
43
-
349
-
30,000
30,000
-
13,881
49,358
59,423
110,883
120,472		 Notes
2022
2021
£
£
£
£
111,407
108,039
5
276
13,183
111,683
121,222
6
(800)
(750)
110,883
120,472
110,883
120,472
7
7,865
7,168
22,500
10,000
768
-
43
-
349
-
30,000
30,000
-
13,881
49,358
59,423
110,883
120,472
5
6
7

Signed by two trustees on behalf of all the trustees

on the 15[th] December 2022

Tunde Olorunfemi

Nathan Whitaker

MAKOMBORERO

Notes to the Accounts

1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

1.2 Judgements and Estimations

MAKOMBORERO

Notes to the Accounts (cont’d)

2 Accounting policies

MAKOMBORERO

Notes to the Accounts (cont’d)

2 Accounting policies (cont’d)

MAKOMBORERO

Notes to the Accounts (cont’d)

3 Analysis of income

3.1
3.2
3.3
4.1
4.2
4.3
4.3		 Analysis of expenditure
Donations and legacies
One off donations
Recurring donations
Shopping donations
Gift Aid reclaims
Grants
Investments
Interest
Other income
Sponsorship
Sales gifts
Total income
Raising funds
Cost of raising funds
Charitable activities
Grants made to partners in Zimbabwe
Mark & Laura Albertyn support
Support costs
Support costs
Administration
Website, IT and consumables
Insurance
Travel
Governance costs - Accountancy
Governance costs
Total expenditure		 63,968
23,674
87,642
34,083
8,653

42,736
241
-

241
1,290
83

1,373
10,000
-

10,000
109,582
32,410
141,992
52
-
52
52
-
52
5,716
-
5,716
120
-
120

5,836
-
5,836
115,470
32,410
147,880
Unrestricted
Restricted
Total
Fund
Fund
2022
£
£
£
4,423
215
4,638
4,423
215
4,638
114,380
17,838
132,218
6,300
-
6,300
120,680
17,838
138,518
14,313
-
14,313
134,993
17,838
152,831
10,865
-
10,865
2,494
-
2,494
125
-
125
-
-
-
800
-
800
29
-
29
14,313
-
14,313
139,416
18,053
157,469		 92,242
25,009
-
14,141
-
131,392
343
343
-

-
-
131,735
Total
2021
£
1,589
1,589
114,191
6,100
120,291
19,474
139,765
12,965
3,920
1,457
382
750
-
19,474
141,354

4 Analysis of expenditure

MAKOMBORERO

Notes to the Accounts (cont’d)

5 Debtors

Tax reclaims Total
Total
2022
2021
£
£
276
13,183

6 Creditors

Total Total
2022 2021
£ £
Accruals 800 750

7 Funds

Unrestricted
Designated:
Zimbabwe Minibus
Zimbabwe Property
Restricted:
Student Sponsorship
Zimbabwe Minibus
Girl Mentorship
Ndeipe
OG Alumni		 1st April 2021
Income
Expenditure
Transfers
£
£
£
£
59,423
115,470
(139,416)
13,881
30,000
-
-
-
13,881
-
-
(13,881)
7,168
15,847
(15,150)
-
10,000
12,500
-
-
-
1,578
(810)
-
-
1,364
(1,321)
-
-
1,121
(772)
-
120,472
147,880
(157,469)
-		 31 March 2022
£
49,358
30,000
-
7,865

22,500
768
43
349
110,883

8 Staff costs

The charity has no employees and therefore no employee was paid more than £60,000.

9 Trustee remuneration

No trustee has been paid any remuneration or received any other benefits from an employment with their charity or a related entity during the year.

No trustee expenses have been incurred during the year.

99 Trl. A little consideration, a little thought for others, makes all the difference. EEYORE, FROM WINNIE THE POOH omb