2021-12-31-accounts - Thandizo

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Report ofthe Trustees			I	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements			8	to	12
Detailed Statement of Financial		Activities		13

			for the	Year Ended 31 Decembe	r 2021
					2021	2020
					Unrestricted	Total
					fund	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Investment income					46,636	46,810
EXPENDITURE ON
Raising funds					14,202	12,608
Charitable activities
Accommodation for young people			in the UK		7,000	5,500
Providing clean water	solutions	for	developing
countries					15,000	10,000
Overseas animal welfare						5,000
Yemen appeal						5,000
Health support for Malawi						5,000
Education for Africa	children					400
Emergency response	in crisis affected regions				15,000	5,000
Covid 19Emergency	food response		Madagascar		20,000
Conservation activities in Mozambique					10,000
Development oforphanages in Malawi					1,005
Other					2,717	2,413
Total					84,924	50,921
Net gains/(losses) on	investments				209,905	(1,796)
NET INCOME/(EXPENDITURE)					171,617	(5,907)
RECONCILIATION	OF FUNDS
Total funds brought	forward				2,512,191	2,518,098
TOTAL FUNDS CARRIED FORWARD					2,683,808	2,512,191

		2021	2020
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Investments		2,575,860	2,399,351
CURRENT ASSETS
Debtors		670	665
Cash at bank		111,664	115,671
		112,334	116,336
CREDITORS
Amounts falling due within one year	10	(4,386)	(3,496)
NET CURRENT ASSETS		107,948	112,8'0
TOTAL ASSETS LESSCURRENT
LIABILITIES		2,683,808	2,512,191
NET ASSETS		2,683,808	2,512,191
FUNDS
U;unrestricted funds		2,683,808	2,512,191
TOTAL FUNDS		2,683,808	2,512,191

							2021	2020
Other fixed asset invest - Fll							36,571	37,617
Deposit account interest								112
Fixed interest income							3,309	2,855
Other interest							6,756	6,226
							46,636	46,810
RAISING FUNDS
Investment management	costs
							2021	2020
Portfolio management							14,202	I2,608
CHARITABLE ACTIVITIES			COSTS
							Grant
							funding of
							activities
						Direct	(see note
						Costs	5)	Totals
Accommodation for young	people			in the
UK							7,000	7,000
Providing clean water solutions			for
developing countries							15,000	15,000
Emergency response in crisis		affected
regions							15,000	15,000
Covid 19Emergency food	response
Madagascar							20,000	20,000
Conservation activities in Mozambique Development oforphanages in Malawi						1,005	10,000	10,000 1,005
						1,005	67,000	68,005
GRANTS PAYABLE
							2021	2020
Accommodation for young people Providing clean water solutions for				in the UK developing	countries		7,000 15,000	5,500 10,000
Overseas animal welfare Yemen appeal								5,000 5,000
Health support for Malawi Education for Africa children								5,000 400
Emergency response in crisis affected regions Covid 19Emergency food response Madagascar							15,000 20,000	5,000
Conservation activities in Mozambique							10,000
							67,000	35,900

GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
	2021	2020
Rounabout (Registered Charity No: 1061313)	7,000	5,500
Wateraid (Registered Charity No: 288701)	15,000	10,000
African Parks (Registered Charity South Africa No: 930028082)		5,000
Save The Children (Registered Charity No: 213890)	5,000
Liverpool School ofTropical Medicine (Registered Charity No:222655)		5,000
The Light Outreach (Registered Charity No: 1079178)		400
Unicef(Registered Charity No: 1072612)	10,000	5,000
The UN Refugee Agency (Registered Charity No: 1183415)		5,000
Seed Madagascar (Registered Charity No: 1079121)	20,000
Fauna & Flora international (Registered Charity No: 1011102)	10,000
	67,000	35,900

				Listed	Fixed
			investments		Interest	Totals
MARKET VALUE
At I January 2021			2,000,261		399,090	2,399,351
Additions				148,074	78,806	226,880
Disposals			(189,320)		(58,276)	(247,596)
Revaluations				202,613		202,613
At 31 December 2021			2,	161,628	419,620	2,581,248
PROVISIONS
Provision for year					5.388	5,388
NET BOOK VALUE
At 31 December 2021			2,	161,628	414,232	2,575,860
At 31 December 2020			2,000,261		399,090	2,399,351
The assets held above and	market value at 31st December 2021 are:-
					2021	2020
VK Fixed Interest					248,348	254,041
Overseas Fixed Interest					165,884	145,049
VK Equities					613,502	622,553
European Equities North American Equities					181,3'l3 454,882	156,161 452,043
Japanese Equities Far East and Australasian	Equities				65,636 120,957	65,489 124,608
International Equities Emerging Economies					128,069 103,319	36,580 109,843
Property Alternative Assets					125,391 368 529	110,864 322 120
					2 575 860	2 399351
The cost value ofinvestments		at 31st December 2021:-
Listed: E1,593,492(2020:	11,598,417).
Fixed interest: f415,957(2020:$396,546).
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE		YEAR
					2021	2020
Other debtors					670	665
Other debtors consists of:-
K670,(2020:f665)accrued		interest.

CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
	2021	2020
Trade creditors	505
Accrued expenses	3,881	3,496
	4,386	3,496

	for the Year Ended 31 Decem	ber 2021
		2021	2020
INCOME AND ENDOWMENTS
Investment income
Other fixed asset invest - Fll		36,571	37,617
Deposit account interest			112
Fixed interest income		3,309	2,855
Other interest		6,756	6,226
		46,636	46,810
Total incoming resources		46,636	46,810
EXPENDITURE
Investment management	costs
Portfolio management		14,202	12,608
Charitable activities
Overseas project management (Malawi)		1,005
Grants to institutions		67,000	35,900
		68,005	35,900
Support costs
Finance
Bank charges		17	13
Governance costs
Accountancy and legal fees		2,700	2,400
Total resources expended		84,924	50,921
Net expenditure before gains and losses		(38,288)	(4, 1 1 1)
Realised recognised gains	and losses
Realised gains/(losses) on	fixed asset investments	12,680	(147,492)
Unrealised gains/(losses) on fixed asset
investments		197,225	145,696
Net income/(expenditure)		171,617	(5,907)

REfElb