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← Tariro - Hope For Youth In Zimbabwe

2025-06-30-accounts

Tariro - Hope For Youth In Zimbabwe

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Charity Registration No. 1136035

Tariro - Hope For Youth In Zimbabwe

Year Ended 30 June 2025

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CONTENTS
Page
Trustees' Report 1 - 5
Independent Examiners' Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the accounts 9 - 12
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Charity Registration No. 1136035

Tariro – Hope For Youth In Zimbabwe Trustees’ Annual Report for the year ended 30 June 2025

The trustees present their report and accounts for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity's trust deed, the Charities Act 2011 and the 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).

Trustees: Mrs Elizabeth Wilson (Chair) Mr Adam Wilson Father Nicolas Stebbing CR Mrs Jennifer Stebbing Mr Thomas Hatton (resigned 17 December 2025) Father George Guiver CR Mr Simon Miller

Charity Registration Number: 1136035 Charity Office: The House of the Resurrection Stocks Bank Road Mirfield West Yorkshire WF14 0BN

Advisers: Bankers: HSBC Bank Plc 33 Park Row, Leeds LS1 1LD Accountants: Forrest Burlinson 20 Owl Lane, Dewsbury WF12 7RQ Independent Examiner: Ebrahim Suleman ACA

Objects, purpose and activities

The objects of the charity are to advance in life and relieve the needs of young people through the provision of financial support to help them develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals in Zimbabwe.

The charity's main work at present is supporting the Tariro Youth Project in Zimbabwe, a foundation that runs a home for children in Marlborough, Harare, and the other projects set out in the Review of the year section of this report.

Statement on public benefit

The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. The objects and related activities set out in this report and the financial statements demonstrate this in greater detail.

Review of the year

The work of the charity continues to be focused on raising funds and providing advice and encouragement for partnership organizations in Zimbabwe being principally Tariro Youth Project in Harare (“TYP”) but with support also being given to other projects in more rural areas of Zimbabwe. The charity maintains extremely close links with TYP and the other projects the charity supports with The Revd Dr. Michael (Nicolas) Stebbing (“Fr Nicolas Stebbing”), trustee and treasurer of the charity, visiting Zimbabwe twice a year to inspect the work of our partners.

Page 1

Charity Registration No. 1136035

Tariro – Hope For Youth In Zimbabwe Trustees’ Annual Report for the year ended 30 June 2025

Throughout the year to June 2025 fund raising continued to be a substantial challenge requiring very significant commitment of time (in particular by the treasurer) in travelling to various venues both in the United Kingdom and abroad to promote the work of the charity and to seek to raise funds. The charity also expended significant time and expertise in ensuring that the Charity’s internet presence remained appealing, focused and up to date with a view to raising awareness and encouraging donations. In particular the charity was able to commission, fund and publish a short documentary film outlining the work of the TYP partner organization in Zimbabwe.

The charity received substantial donations from a number of charitable trusts (The Fellowship of St John Trust Association, the Saint Alban Great Ilford Trust, and The Capricorn Africa Trust) and we remain deeply grateful to our existing base of loyal donors who provided us with reliable funds by way of monthly standing orders. We are also deeply grateful to those individuals and organizations whose occasional donations make a huge difference to our available funds.

We are extremely pleased that 99% of the funds we raise are sent directly to our partners in Zimbabwe with our expenses in the UK remaining minimal. The trustees would like to place on record their thanks to the Community of the Resurrection in Mirfield ( of which Fr Nicolas Stebbing is a professed member) for the assistance provided by them to the charity in funding the travel costs of Fr Nicolas Stebbing both to Zimbabwe and to other fund raising destinations, for the time allowed to Fr Nicolas Stebbing for the work of the charity and for the office resources made available to the charity at their monastery in Mirfield, West Yorkshire.

Projects in Zimbabwe supported by the charity

During the year to June 2025 the work of TYP and the other projects supported by us in Zimbabwe continued to flourish despite the not inconsiderable challenges faced in operating within a country with a volatile economy and limited infrastructure.

Tariro Youth Project (TYP)

TYP continued to provide accommodation for 16 young people in a house in the suburbs of Harare (“Tariro House”). The funding we provided helped to ensure that the basic needs for food and accommodation of the otherwise financially and emotionally unsupported young people were met. At least as importantly, however, the funding we provided continued to enable TYP to ensure that counselling was provided for those young people with traumatic backgrounds and to ensure that the academic potential of the young people supported by TYP continued to be fulfilled: not only by the payment of school fees but also by way of the provision of additional private tutoring where necessary. Young people supported by TYP continued in both higher education (undertaking for example degrees in Political Science, Data and Marketing, and Law) and also in vocational training.

Our funding also continued to support the work of TYP in running a small farm in the Honde Valley, east of Harare and north of Penhalonga, farming pigs and crops and providing work experience for the young people supported by TYP together with the possibility of additional funds for TYP in the future.

In addition to the work at Tariro House the charity continued to encourage and support financially work in other more rural areas of Zimbabwe as set out in last year’s annual report in particular:

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Charity Registration No. 1136035

Tariro – Hope For Youth In Zimbabwe Trustees’ Annual Report for the year ended 30 June 2025

chemistry. Work also continues to expand an existing agricultural project to provide further work experience and potential income for the future;

Looking to the future, we expect to be operation in an increasingly challenging fundraising environment and will continue to consider both new and further sources of funds and new and further ways of fund raising.

Once again, we would like to reiterate our thanks to each and every one of our donors for making possible every aspect what we are able to do.

Since the end of the year to June 2025, namely on 17 December 2025, Mr Thomas Hatton resigned as a trustee due to other commitments. The remaining trustees would like to thank Mr Hatton for his work for the charity over the years and wish him well for the future.

Finances

inances
Total income for the year:
Total expenditure for the year:
Shortfall/Surplus		 2025
2024
£
£
265,299
189,339
237,689
201,710
27,610
(12,371)

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Income Expenditure Tariro Youth Project
(£265,299) (£237,689) Grants to Zimbabwe (£124,545)
(99.0%)
Individual
£145,675
Giving (£230,885 including Rural areas
Churches and
£108,235
other groups restricted spending of (£83,489)
Other £10,396
donations £26,976)
Bank interest £993
Other projects
(£22,851)
Fundraising/support
costs
(£2,297) (1.0%)
Reserves b/f Reserves c/f
(£60,843) (£88,453)
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Page 3

Charity Registration No. 1136035

Tariro – Hope For Youth In Zimbabwe Trustees’ Annual Report for the year ended 30 June 2025

Reserves

In order to assist our partner organisations in Zimbabwe and help to provide some level of stability, in what can be an economically volatile environment, the charity aims to have a sufficient level of reserves to maintain its grant expenditure. Despite the best efforts at fundraising, experience from the past is that these levels of reserves can be depleted quickly.

As at 30 June 2025 the level of reserves held was 37% of annual expenditure, this is considered a satisfactory level to maintain grant expenditure against the ordinary fluctuations the charity experiences in fundraising. However, a higher level of contingency is required to insulate against any significant downturn in voluntary income, or deal with any emergency that might arise. The trustees therefore have a medium to long-term aim to increase the level of reserves such as to build up a contingency fund.

Risk management

The trustees actively review the major risks which the Trust faces on a regular basis and believe that maintaining reserves at current levels, and controls over key financial systems, will provide sufficient resilience in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Trust and confirm that they have established proportionate systems to mitigate the significant risks.

Structure, governance and management

The charity was established by trust deed made 14 November 2009 and registered with the Charity Commission for England and Wales on 20 May 2010.

Appointment of trustees is governed by the Trust Deed of the charity.

The charity recognises that it has a responsibility to provide guidance and assist new trustees in fulfilling their duties and responsibilities, this is done in accordance Chairity Commission guidance. New trustees have access to the charity’s policies and procedures as well as appropriate Charity Commission publications.

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing a trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing the financial statements, the trustees are required to:

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Charity Registration No. 1136035

Tariro – Hope For Youth In Zimbabwe Trustees’ Annual Report for the year ended 30 June 2025

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Board of Trustees on 20 April 2026 and signed on their behalf by:

………………………………………………………………..……… Mrs Elizabeth Wilson (Chair) Tariro Hope For Youth In Zimbabwe

Page 5

Tariro - Hope For Youth In Zimbabwe

Charity Registration No. 1136035

Independent Examiner's Report to the Trustees of Tariro - Hope For Youth In Zimbabwe

I report on the accounts of Tariro Hope For Youth In Zimbabwe for the year ended 30 June 2025, which are set out on pages 7 to 12.

I am qualified to report in accordance with section 145(3) of the Charities Act 2011 (the 2011 Act) by being a member of the Institute of Chartered Accountants in England and Wales.

Respective responsibilites of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

The trustees consider that an audit is not required for this year under section 144(2) of the 2011 Act and that an independent examination is needed.

It is my responsiblity to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present 'a true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Use of my report

This report is made solely to the charity's trustees, as a body. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted 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, for the statements I have made, or for the opinions I have stated.

………………………………………………………

23 April 2026

Ebrahim Suleman

Member of the Institute of Chartered Accountants in England and Wales for and on behalf of Forrest Burlinson Chartered Accountants

20 Owl Lane, Shawcross, Dewsbury, WF12 7RQ

Page 6

Tariro - Hope For Youth In Zimbabwe Statement of Financial Activities for the year ended 30 June 2025

Charity Registration No. 1136035

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Unrestricted Restricted Total
funds funds 2025 2024
Note £ £ £ £
Income and endowments
Donations and legacies:
Donations and legacies 3 221,596 26,478 248,074 173,861
Gift Aid tax reclaims 15,859 -- 15,859 15,478
Investment income:
Interest received 993 -- 993 --
Total income 238,448 26,478 264,926 189,339
Expenditure
Costs of raising funds:
Website costs 2,006 -- 2,006 1,365
Travel costs 2,501 -- 2,501 --
Other costs -- -- -- 359
4,507 -- 4,507 1,724
Expenditure on charitable activities:
Grants made to Projects in Zimbabwe 4 203,909 26,976 230,885 198,664
Support costs 5 2,297 -- 2,297 1,322
206,206 26,976 233,182 199,986
Total expenditure 210,713 26,976 237,689 201,710
Net income/(expenditure) 27,735 (498) 27,237 (12,371)
Transfers between funds (498) 498 -- --
Net movement in funds 27,237 -- 27,237 (12,371)
Total Funds brought forward 60,843 -- 60,843 73,214
Total Funds as at 30 June 88,080 -- 88,080 60,843
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There were no recognised gains or losses for the year ended 30 June 2024 or 2025 other than included in the Statement of Financial Activities above.

All incoming resources and resources expended derive from continuing activities.

Page 7

Tariro - Hope For Youth In Zimbabwe Balance Sheet as at 30 June 2025

Charity Registration No. 1136035

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Unrestricted Restricted Total
funds funds 2025 2024
Note £ £ £ £
Current Assets
Debtors 6 18,893 -- 18,893 14,134
Cash at bank and in hand 70,085 -- 70,085 47,357
Total Current Assets 88,978 -- 88,978 61,491
Creditors: amounts falling due within one yea 7 (898) -- (898) (648)
Net Current Assets 88,080 -- 88,080 60,843
Net Assets 88,080 -- 88,080 60,843
The funds of the charity:
Funds carried forward 10, 11 88,080 -- 88,080 60,843
Total Funds carried forward 88,080 -- 88,080 60,843
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The notes on pages 9 to 12 form part of these accounts.

Approved by the trustees on 20 April 2026 and signed on their behalf by:

…………………………………………… Mrs Elizabeth Wilson Chair

Tariro - Hope For Youth In Zimbabwe

Page 8

Tariro - Hope For Youth In Zimbabwe Notes to the Financial Statements for the year ended 30 June 2025

Charity Registration No. 1136035

1 Accounting policies

1.1 Basis of preparation of accounts

The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Annual Report and all of which are continuing. The accounts have been prepared in 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) ' , and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), applying the disclosure requirements of section 1A other than where additional disclosure is required by the Charity SORP or in order to show a true and fair view, and the Charities Act 2011 and applicable regulations.

1.2 Income recognition policies

Income is recognised and included in the accounts when all of the following criteria are met:

For legacies, entitlement is taken as the earlier of the date on which the charity is aware that probate has been granted; the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made; or when a distribution is received from the estate.

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

The charity operates from the House of the Resurrection and is grateful to the Community of the Resurrection for use of its facilities. No amount is recognised as income from the use by the charity of these facilities in the accounts as no economic benefit can be measured reliably.

1.3 Fund accounting

Unrestricted funds are available to spend on activites that further any of the purposes of the charity. Restricted funds are donations and grants which the donor has specified are to be used solely for particular areas of the charity's work or for sponsoring specific projects in Zimbabwe.

1.4 Expenditure and irrecoverable VAT

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure has been classified under headings that aggregate all costs related to the category. Expenditure amounts include VAT which under current government policy is irrecoverable.

1.5 Taxation

No tax has been provided in these accounts because the trustees believe that the income and gains of the charity are within the exemptions granted by Chapters 2 and 3 of the Corporation Taxes Act 2010.

1.6 Debtors

Debtors are recognised at the settlement amount due after any discount offered.

1.7 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfers of funds to a third party and the amount due can be measured reliably.

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Tariro - Hope For Youth In Zimbabwe Notes to the Financial Statements, continued for the year ended 30 June 2025

Charity Registration No. 1136035

2 Related party transactions and trustees' remuneration

The trustees received no remuneration or emoluments in the year or the comparative year.

No expenses were paid to trustees in the year.

Tariro Youth Project (TYP) is a voluntary organisation based in Zimbabwe and established in 2009. Fr. Nicolas Stebbing was among the eight founder members of TYP.

TYP has similar charitable aims as Tariro - Hope for Youth in Zimbabwe and its own board of trustees in Zimbabwe. Fr. Nicolas Stebbing receives no remuneration from TYP.

3
Donations and legacies
Legacies
Regular giving (standing orders)
Online donations
Other individual giving
PCCs and other groups
Fellowship of St John (UK) Trust Assoc.
Donations for CZR Sisters
Incorporated Trustees of the No.1 Trust
Other donations		 Unrestricted
Restricted
Total
funds
funds
2025
£
£
£
6,000
--
6,000
50,195
--
50,195
25,312
--
25,312
47,936
--
47,936
89,843
981
90,824
--
17,411
17,411
--
7,886
7,886
--
--
--
2,310
200
2,510
221,596
26,478
248,074		 2024
£
--
47,486
23,563
30,437
44,233
15,000
5,070
5,000
3,072
173,861

4 Grants made to projects in Zimbabwe

The following is a breakdown of the projects receiving donations.

The amounts given have been translated from USD to GBP at the prevailing rate when the grant was made.

Tariro Youth Project (TYP)
Tariro For Young People (TFYP)
Other project costs in Zimbabwe
CZR Sisters		 Unrestricted
Restricted
Total funds
funds
funds
2025
£
£
£
119,545
5,000
124,545
78,489
5,000
83,489
5,875
9,090
14,965
--
7,886
7,886
203,909
26,976
230,885		 Total funds
2024
£
88,694
85,464
17,336
7,170
198,664

Tariro Youth Project (TYP) - runs a house in Harare with 12 young people living in it, plus 6 other supported and living with relations. Some are in school and others at university or college.

Tariro For Young People (TFYP) - supports children at Tsvingwe High School, St. Francis, Nhema and also gives support to the Shearly Cripps Children's Home Chikwaka.

Details of how the funds given to TYP and TFYP have been spent is given in the Trustees Annual Report. Further information about these projects can be found at www.tarirouk.com/projects

5 Support Costs

All support costs are incurred in the one activity of the charity.

Bank charges
Foreign exchange losses
Accounting fees		 Unrestricted
Restricted
Total funds
funds
funds
2025
£
£
£
817
--
817
832
--
832
648
--
648
2,297
--
2,297		 Total funds
2024
£
674
--
648
1,322

Page 10

Tariro - Hope For Youth In Zimbabwe Notes to the Financial Statements, continued for the year ended 30 June 2025

Charity Registration No. 1136035

6
Debtors
Taxes: Gift Aid claimed but not yet received
Advanced grant payments
7
Creditors: amounts falling due within one year
Accruals
The Community of the Resurrection		 Unrestricted
Restricted
Total funds
funds
funds
2025
£
£
£
3,153
--
3,153
15,740
--
15,740
18,893
--
18,893
Unrestricted
Restricted
Total funds
funds
funds
2025
£
£
£
648
--
648
250
--
250
898
--
898		 Total funds
2024
£
3,526
10,608
14,134
Total funds
2024
£
648
--
648

8 Securities and Charges

No charges exist over the property and assets of the charity.

9 Employees

The charity had no employees in the period.

10 Analysis of charitable funds

Analysis of movements in restricted funds

Fellowship of St John (UK) Trust Assoc.
Ugliduck Trust
CZR Sisters
Total
Analysis of movements in restricted funds
Fellowship of St John (UK) Trust Assoc.
Ugliduck Trust
CZR Sisters
Tsvingwe Pigs Project
Total		 Funds
Funds
1 July 2024
Income
Expenditure
Transfers
30 June 2025
£
£
£
£
£
--
17,411
(17,411)
--
--
981
(1,479)
498
--
--
7,886
(7,886)
--
--
--
26,278
(26,776)
498
--
- prior year
Funds
Funds
1 July 2023
Income
Expenditure
Transfers
30 June 2024
£
£
£
£
£
--
15,000
(15,000)
--
--
--
800
(800)
--
--
--
7,170
(7,170)
--
--
--
5,000
(5,000)
--
--
--
27,970
(27,970)
--
--

Ugliduck Trust - was support for schooling

CZR Sisters - was spending on welfare, a retreat, and necessary plumbing and electrical work at the convent. Tsvingwe Pigs Project - was a grant to establish a piggery in Tsvingwe High School.

Unrestricted funds

The general fund is the principal fund of the charity. The income produced is used to support the work of the charity in all areas. The charity has no designated funds.

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Tariro - Hope For Youth In Zimbabwe Notes to the Financial Statements, continued for the year ended 30 June 2025

Charity Registration No. 1136035

Analysis of movements in unrestricted funds

Balance
1 July 2024
Income
Expenditure
Transfers
£
£
£
£
General fund
60,843
238,448
(210,713)
(498)
Total
60,843
238,448
(210,713)
(498)
Analysis of movements in unrestricted funds - previous year
Balance
1 July 2023
Income
Expenditure
Transfers
£
£
£
£
General fund
73,214
161,369
(173,740)
--
Total
73,214
161,369
(173,740)
--
11 Analysis of net assets between funds
Unrestricted
Restricted
General Fund
Funds
£
£
Debtors
18,893
--
Cash at bank and in hand
70,085
--
Creditors falling due within one year
(898)
--
Total
88,080
--
Analysis of net assets between funds - prior year
Unrestricted
Restricted
General Fund
Funds
£
£
Debtors
14,134
--
Cash at bank and in hand
47,357
--
Creditors falling due within one year
(648)
--
Total
60,843
--		 Funds
30 June 2025
£
88,080
88,080
Funds
30 June 2024
£
60,843
60,843
Total
Funds
£
18,893
70,085
(898)
88,080
Total
Funds
£
14,134
47,357
(648)
60,843

Page 12