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← Zamcog

2024-12-31-accounts

Charity registration number 1136086

Company registration number 07184854 (England and Wales)

ZAMCOG

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

ZAMCOG

CONTENTS

Page
Trustee's report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 15

ZAMCOG

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees T Farquhar-Beck
L Healy
H Rana
J Uggla
Secretary T Farquhar-Beck
Charity number 1136086
Company number 07184854
Registered office Wayside
Orchard Way, Berry Hill
Coleford
Gloucestershire
GL16 7AQ
Independent examiner Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

Zamcog is an educational non-profit charity based in Kabwe supporting the vulnerable children of Makululu compound. Zamcog is committed to empowering the most at risk children and work with local community partners to break down barriers and increase access to learning across three areas:

  1. Primary and Secondary Schooling

  2. Holistic Welfare

  3. Tertiary Education

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).

Objectives and activities

Goal 1: Improve and Expand Educational Outcomes

Goal 2: Increase School leaver Opportunity

Goal 3: Develop Community Well-being

ZAMCOG's objectives are set in accord with our charitable objects. Each year the trustees evaluate our objectives and activities to ensure that they reflect our charitable object. In setting the charity's objectives and planning its activities the trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard for the Charity Commission's general guidance for the public benefit.

Zamcog’s vision is rooted in the belief that every child deserves the right to an education. As a charity, we work with other likeminded charities and initiative’s to help get students into school and to keep them there one child at a time.

Our mission is to empower students to reach their full potential and enable them to build more sustainable futures. We provide access to education, housing and welfare support to the most vulnerable children and youth in Makululu, Kabwe Zambia.

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements

Partnerships

During the period under review, a Workshop or indaba, was held on 9th August 2024 at Urban Bliss and was organised by Early Childhood Development Action Network Zambia in partnership with Mulumbo Childhood Care and Development Foundation Lusaka. ECDANZ is a network organisation for different organisations acting in the early childhood landscape in the nation of Zambia. The network advocates for increased actions in the ECD landscape from Policy to implementation. As an action network, it has collaborated with Mulumbo Early Childhood Care and Development Foundation to conduct subnational dialogues on Childcare. The theme of the meeting was “Why Zambia should invest in Childcare".

The Child Care Indaba was held at Urban Bliss Hotel in Kabwe and was attended by representatives from Ministry of Community Development and social services, Ministry of Education, Local Government, Home affairs, CSOs, Faith based organisations, Traditional leadership and all these formed a panel for discussions around why Zambia should invest in Childcare. The objectives of the subnational dialogue were:

Way forward: submissions were made on the need to have regulations around childcare in Zambia and also on the need for the policy implementation around childcare.

Further Education

Zamcog Zambia has been supporting students in further education since inception. Every year of further education, Zamcog scholarships cover tuitions, academic supplies, laptops, accommodation, transport, personal costs and starter packs for new students. Zamcog is currently sponsoring 31 students in different fields of study that is purchasing and supply, environmental health, fashion and design, Social work, physiotherapy, public health services management, hospitality and management, clinical medicine, secretarial, teaching, pharmacy, business administration, engineering, nursing, biomedicine, medicine, lab technology, agriculture, information and communication technology. 20 of our students graduated this year and we have 8 students as our 2025 cohort who will be reporting as first years in different institutions.

Zamcog Zambia through the sponsorship of Zamcog UK has been supporting students in Further Education activities since inception. Today that support has enabled many vulnerable students to attend University, College and other training programs. Zamcog scholarships cover tuitions, academic supplies, laptops, accommodation, transport, personal costs and starter packs for new students. Zamcog is currently sponsoring over 30 students in different fields of study that is purchasing and supply, environmental health, fashion and design, Social work, physiotherapy, public health services management, hospitality and management, clinical medicine, secretarial, teaching, pharmacy, business administration, engineering, nursing, biomedicine, medicine, lab technology, agriculture, information and communication technology.

During the same period, we also hosted career guidance and counselling workshop for our students who will be going into tertiary education in 2025. The workshop was facilitated by the supervising social welfare officer with support from the admin assistances and finance

manager. Some of the issues discussed were:

Expectations: they shared what they expect from the organisation that is continued support through out there education, continuous updates and counselling.

Benefits of gaining experience whilst in school

The Importance of Staying focused whilst in university

How to overcome challenges such as peer pressure, drug & sexual abuse and adapting to the school environment.

Career Guidance

The students were also given an opportunity to share the reasons why they want to study what they have chosen. The zamcog staff then assisted them in the process of application. We also had a guest who is a registered nurse as well as an anesthesiologist by profession at Isoka general hospital gave practical examples of how things work in the hospitals for those who aspire to study medicine and nursing. He mentioned that they should be honest with themselves and not just go for the money as being a doctor or nurse is a calling.

They were encouraged and are looking forward to beginning their tertiary journey.

All the 8 students have been accepted at various institutions of learning in various disciplines of study.

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Education

The education department comprises of both the primary and secondary section with a total of 347 students that is 166 boys and 181 girls in primary and secondary combined. During the period under review, students received books, pens, shoes, bags and uniforms on a need’s basis.

During the period under review, we embarked on a task of profiling all our sponsored students for records purposes. During the same period, the grade 12s, 9s and 7s wrote their exams.

The grade 12s whose wrote exams this year were 12 began on the 4th of November 2024 they were 27.

39 grade 9s who sat for internal exams and 6 who sat for external exams, We We had 40 grade 7s who sat for their exams this year.

As a way of commemorating 16 days of activism against gender based violence, the organization had its first ever girls only workshop on 29th November 2024 at Mulumbo community school. The topics of discussion were hygiene and sexual reproductive health which was led by a nurse who is also one of Zamcog Zambia’s board member. The workshop was highly interactive as the facilitator dived into body hygiene and ways in which girls can avoid bad odor and later made an emphasis that there is need for young people not to engage in elicity activities and to focus on school in order to secure their futures.

Homes

During the period under review, early in January Zamcog Zambia received an official communication from the Zamcog UK Board that the Child Care Facility was closing down due to a lack of funding. Relevant government stakeholders were engaged and consultation were made to understand the steps to be taken for children to be re-intergrated to their communities. The trustee from the Uk board led on communication to the Children and staff at the facility. The Zamcog Zambia Director, Social Welfare Officer and Resident Manager met with the parents/guardians to the children to explain the development and future expections, The Director clarified and prepared the parents to receive their children back home. The homes closed on the 26th of April 2024. Before the 24 children were re-integrated, home assessments were conducted to ensure the safety and well-being of the children as they returned to their respective homes. This exercise was led by the District Department of Social Welfare under the Ministry of Community Development and Social Services. All the necessary documents were filled and completed and discharge letters were given to complete the process. The children were given mattresses, beddings, cutlery and mosquito nets as these were the items they used whilst in the child care facility and school packages were prepared for them which contained washing powder, polish, toothpaste, bathing soap, lotion and glycerin.

Saturday school

Ever since the introduction of the Saturday school program, Zamcog Zambia has been able to enroll 15 children at Mulumbo community school who have been attended any form of education. These children are picked because of their willingness to learn and commitment during the Saturday school program. Henceforth, due to more commitment and willingness from more children, another 15 children will be enrolled at Mulumbo community school for the year 2025.

Partners

During the period under review, St Columbus College stuednts visited Mulumbo community school where the 15 sponsored children were gifted with brand new school bags as a way of encouraging them to continue working hard. Besides that, an organisation called save me today visited during the Saturday school program and took their time to interact with some of the girls and younger children and thereafter sang some welcoming songs. Save me today organisation was generous enough to give out sanitary pads as well as some clothes to the children.

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

In the financial year 1 January 2024 to 31 December 2024, the charity received income of £74,873 (2023: £263,679) being £26,554 for Unrestricted Funds and £48,319 for Restricted Funds (£179,771 and £83,908 respectively in 2023) and total expenditure was £141,841 (2023: £322,312). For the year ended 31 December 2024 the charity had received net expenditure on Unrestricted Funds of £58,288, which decreased the carried forward sum to £39,920 (2023: £98,208).

In 2024, a total of £141,241 (£322,312 in 2023) was disbursed in support of Zamcog Zambia and in total £84,242 of Unrestricted Funds and £56,999 of Restricted Funds.

We thank all our donors for their kindness and generosity.

Restricted Funds are £5,456 at 31 December 2024 (2023: £14,136) and will be utilised for the restricted purposes for which they were given.

Reserve policy

The trustees' policy in regard to reserves is to hold specific reserves to meet obligations imposed by donors and general reserves equivalent to six months' operational expenses to support the current services.

Plans for future periods

We will continue our care home service for students shelter and support; whilst also providing support to students in transition houses (from secondary to tertiary)

Our fundraising team continues to make applications for costs of an early learning centre, an in-house training centre and for operational costs.

Structure, governance and management

This charitable company is controlled by its articles of association and constitutes a private limited company, limited by guarantee, as defined by the Companies Act 2006.

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 signature of the financial statements were:

T Farquhar-Beck

L Healy

H Rana

J Uggla

Recruitment and appointment of trustees

New trustees are appointed by the company's members assembled in the Annual General Meeting. Co-opted trustees may also be appointed by serving trustees for a term of office ending at the next A.G.M.

Information is cascaded to a full trusteeship body in its regular meetings by the Company Secretary.

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have in place a risk register, which is reviewed at most Board of Trustees' meetings. The principal risks relate to the need always to maintain effective financial management of the charity's assets and resources for its charitable purposes. To this end, the charity ensures at least one, appropriately qualified trustee, who fulfils on a voluntary basis the role of Treasurer.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07184854 (England and Wales)

Registered Charity number

1136086

Bankers

HSBC 31 Cheque St St Albans, Hertfordshire AL1 3YN

Registered office

20 Jasmine Way Locking Castle Weston-Super-Mare Somerset BS24 7JW

Company Secretary

Ms T Farquhar-Beck

Independent Examiner

Grunberg & Co Limited Chartered Accountants 5 Technology Park Colindeep Lane Colindale London NW9 6BX

ZAMCOG

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees (who are also the directors of Zamcog for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which gave a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustee's report was approved by the Board of Trustees.

T Farquhar-Beck

12 September 2025

ZAMCOG

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ZAMCOG

Independent examiner's report to the trustees of Zamcog ('the Company')

I report to the Trustees on my examination of the financial statements of Zamcog for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 .

Having satisfied myself that the financial statements of the 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 ’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving 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 financial statements to be reached.

Robert Bean BA ACA ICAEW Grunberg & Co Limited Chartered Accountants

5 Technology Park Colindeep Lane Colindale London NW9 6BX

Dated: 12 September 2025

ZAMCOG

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
26,554
48,319
Investments
3
-
-
Total income
26,554
48,319
Expenditure on:
Raising funds
4
600
-
Charitable activities
Education, homes and
feeding programmes
5
84,242
56,999
Total expenditure
84,842
56,999
Net expenditure and movement
in funds
(58,288)
(8,680)
Reconciliation of funds:
Fund balances at 1 January 2024
98,208
14,136
Fund balances at 31 December
2024
39,920
5,456		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
74,873
179,704
83,908
-
67
-
74,873
179,771
83,908
600
-
-
141,241
168,485
153,827
141,841
168,485
153,827
(66,968)
11,286
(69,919)
112,344
86,922
84,055
45,376
98,208
14,136		 Total
2023
£
263,612
67
263,679
-
322,312
322,312
(58,633)
170,977
112,344

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ZAMCOG

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Other creditors
11
Net current assets
The funds of the
Restricted income funds
12
Unrestricted funds
13		 2024
£
48,376
3,000		 £
45,376
5,456
39,920
45,376		 2023
£
115,344
3,000		 £
112,344
14,136
98,208
112,344

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for:

a) complying with the requirements of the Companies Act 2006, Sections 386 and 387, with respect to accounting records and the preparation of financial statements.

b) preparing financial statements which give a true and fair view of the state of the affairs of the charitable company at the end of each financial year. And of its surplus or deficit for each financial year, in accordance the the requirements of Sections 394 and 395 of the Companies Act 2006, relating to financial statements, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 12 September 2025

T Farquhar-Beck

Company registration number 07184854 (England and Wales)

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Zamcog is a private company limited by guarantee incorporated in England and Wales. The registered office is Wayside, Orchard Way, Berry Hill, Coleford, Gloucestershire, GL16 7AQ.

1.1 Basis of preparing the financial statement

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial 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 statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

There are no material uncertainties regarding the going concern of the charity.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and use of the restricted funds are set out in the notes to the financial statements.

1.3 Income

Income is recognised when the charity is legally entitled to it, after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant are recognised at the time of the donation.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic 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 activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent 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.

1.5 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future 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 at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is 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 services 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 price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.6 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Exchange differences are taken into account in arriving at the operating result.

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 26,554 48,319 74,873 179,704 83,908 263,612

3 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable - 67

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

4 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 600 -
5 Expenditure on charitable activities
Education, Education,
homes and homes and
feeding feeding
programmes programmes
2024 2023
£ £
Direct costs
Grant funding of activities (see note 6) 136,651 312,337
Share of support and governance costs (see note 7)
Support 864 5,816
Governance 3,726 4,159
141,241 322,312
Analysis by fund
Unrestricted funds 84,242 168,485
Restricted funds 56,999 153,827
141,241 322,312
6 Grants payable
Education, Education,
homes and homes and
feeding feeding
programmes programmes
2024 2023
£ £
Grants to institutions:
Other 136,651 312,337

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Support costs allocated to activities

Bank charges
Computer consumables
Exchange losses
Governance costs
Analysed between:
Education, homes and
feeding programmes		 2024
£
864
-
-
3,726
4,590
4,590		 2023
£
856
521
4,439
4,159
9,975
9,975

Governance costs includes payments to the independent examiner of £3,726 (2023: £3,690) for independent examination fees.

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits during the year, nor for the year ended 31 December 2024 (2023: £nil).

9 Employees

2024 2023
Number Number
Total - -

There were no employees in the entity during the year under review, nor for the earlier year.

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Other creditors falling due within one year

Other creditors falling due within one year
2024 2023
£ £
Accruals and deferred income 3,000 3,000

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

12 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 January Incoming Resources
At		 31 December
2024 resources expended 2024
£ £ £ £
14,136 48,319 (56,999) 5,456
Previous year: At 1 January Incoming Resources
At		 31 December
2023 resources expended 2023
£ £ £ £
84,055 83,908 (153,827) 14,136

13 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources
At 31 December
At 31 December
2024 resources expended 2024
£ £ £ £
General funds 98,208 26,554 (84,842) 39,920
Previous year: At 1 January Incoming Resources
At 31 December
2023 resources expended 2023
£ £ £ £
General funds 86,922 179,771 (168,485) 98,208
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Current assets/(liabilities) 39,920 5,456 45,376
39,920 5,456 45,376

14 Analysis of net assets between funds

ZAMCOG

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Current assets/(liabilities) 98,208 14,136 112,344
98,208 14,136 112,344

15 Related party transactions

There were no related party transactions for the year under review (2023 - none).

16 Limited Liability

The company is limited by guarantee, every member promises that if the Charity is dissolved while he or she remains a member, or within twelve months afterwards to contribute up to £1 towards the cost of dissolution of the liabilities incurred by the Charity.

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