REGISTERED CHARITY NUMBER: 1150152
ort of the Trustees and
Unaudited Financial Statetnents for the Year Ended 31 December 2024
Thandizo
PKN Accountants Ltd
Chartered Accountants
63 Bawty Road
Bramley
Roiherham
South Yorkshire
S66 2TN

Thandizo
Contents of the Finaneial
tatements
for the Year Ended 31 December 2024
Page
Report of the Trustee5
I to 5
Independent Examiner's Report
Statement of Financial Aetivities
Balance Sheet
Notes to the Financial Statements
9 to 13
Detailed Statement of Financial Activities
14

Thandizo
ort of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the fuwicial statements of the charity for the year ended 31 December 2024. The
In￿teeS have adopted the provtsions of Accounting and Reporting by Charities: Statement of Recornrnended Practice
applicable to charities preparing tb¢ir accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thandizo is a grant giving charity which aims to work with registered Charities and other non-governmental
organisations in the countries identified. Its objects are:_
l. The promotion of sustainabl¢ development in Malaw4 Zambia, Zimbabw4 Botswalla and Tanzania for the benefit of
the public by-"
a) the preservation. conservation and Prot￿110￿ of the environment by prudent use of economic resources.
b) the relief of poverty and the improvemeut of the conditions of Iife in socially and e¢oDomically disadvantaged
corntnunities.
c) the promotion of sustainable means of achieving economic wwth and regen¢ration.
2. The relief (in any part of the world) of financial need and suffering among victims of tLatural or other kinds of disaster
in the fonn of money (or other tneans deemed suitable) for persons, bodies, organisations and lor countrtes affected.
3. The prevention or relief of povety or financial hardship (in any part of the world) by providing grants. items and
services to individuals in need and/ or charities or other organisations working to prevent or relieve poverty or financial
hardship
Significant activities
The charity made significant donations in the year ended 315t December 2024:
(Donations above £10,000 in aggregate).
Pashello Charitable Trust (Registered in Malawi) £28.840. (2023= £77.150}.
Thandtzo Project$ 2024
During 2024 Thandizo continued to pursue its policy of funding emergency relief and small-scale building projects in
the Lower Shire Valley in Malawi.
In March. flash floods inundated parts of the Valley. The damage was local but severe. Thandizo fimdel through its
partner Pash¢llo, the supply of food alld essentials to the camps offering refuge.
In July Thandizo received a large quantity of higb-quality surgical instruments free of charge. The condition was that the
instruments sbould not enter the UK or USA markets. Thandizo undertook to supply the instrnments (UK retail value
£200,000.00) to the Six major hospitals in Malawi. This required a deg￿¢ of relabelling and repa¢kaging. The
instruments arrived and were distributed to the six hospitals in September 2024.
In pursuance of Thandizo's poli¢y of dirert funding to projects in the Lower Shire Valley, t￿SteeS John Lapis￿ Simon
Lapish, and Jenny Lapish visited the region for one week in October. Accompanied by Thandizo's Malawi
representative, Saliph Sikelo, they made a tr)ur of the dlstricts of Chikwawa and Nsanje following up existing projects
alld identifying potential new projects.
A Thandizo credit card was requested from HSBC to pay for essential expenses on the trip. HSBC failed ￿ provide a
card within the protnised desig￿ated time and offered £20 compensation. To cover essential expenses cross payments
were required from ttustees. JoE)n and Alison.
Throughout 2024 work continued on the new Toilet blo¢k for the Pash¢llo Charitsble Trust. It was finally cornpleted at
the ¢nd of the year.
Small amounts of funding were provided to Roundabou¢ a ShetTield charity for homeless young people. and Sheffield
Tools for Africa who collec¢ reft￿bISh and supply tools to Africa in¢luding Malawi.
Page I

Tbandizo
ort of the Trustees
for the Year Ended 31 December 2024
OBJECTIVES AND ACTIVITIES
Public benefit
The primary benefits to the wider public from the charitys aetivities are:
a) The provision of grant ￿ndIng for registered charities and other bodies running sustainable development projects in
some of the poorest parts of the world. This will benefit the public in those regions by channelling ￿ndS to establish
organisations so that funds can be targeted at projects which will give the most benefit to the local conununity.
Su8tainable development is for the public benefit because it focuses on helping Communities meet their needs at the
present titne, without compromising the environment for ￿tUre generntions.
b) The provision of funds to disaster relief appeals- this will benefit the public beCa￿e the trustees will be able to donate
funds very quickly. It is self-evidenl that this is beneficial to the public Éo have Charities which can provide aid in the
wake of a natural (or other) disaster.
c) The provision of grant funding for charities and other organisations working to relieve poverty is clearly for the public
benefit as this will result in funds passitig to organisations who provide foo¢ water, equiprnenL housing and other basic
necessities for peopl¢ who are in need of these things.
Grantmaking
Grant were made during the year to Registered ch￿ities, they were:_
Roundabout (Registered Charity Number: 1061313) £8.000.(2023: £8.000).
The provision of youth hostel support in the Sheffield are&
Seed Madagascar (Registered Charity Number: 1079121) £NiL (2023: £5,000).
Crisis support to Africa.
Iris Global UK Registered Charity Number. 1035087) £NiL (2023:£10.000).
Distributing fool water and shelter and rescue missions across the world.
Pashello Charitable Trust (Registered in Malawi) £28,840, (2023: £77,150).
Alleviating poverty and suffering for orphans in Africa, crisis relief and sunscreen protectio
Tools with a Mission (Registered Charity Number: 347292286) £366, (2023: £Nil).
Providing tools for Africa
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Consisted of donations as discussed earlier to other regtstered charities and non profit making organisations.
Fundraising activities
Income is generated througb gift aid donations and investment perfornwice. The ch￿lty is not actively pursuing gift aid
donations from non t￿Stee5.
Page 2

Thandizo
ort of the Trustees
for the Year Ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE
Investment performance
The charity has invested its funds in a discretionxry medium risk portfolio of investments through its independent
fttmncial advisors, (Investec Wealth and Investhient Limited).
The medium risk strategy 15 consistent with the Tn￿teeS aims of generdting a yearly rett￿n from the capital to provide
incOll￿ for charitable causes.
The income yield for the year ended 3 1st December 2024: 1.90/. (2023: 2.35 /)
The market value of managed investtnents increased in the year ended 31st December 2024 £183,667, compared to an
increase ITh the year ended 3 Ist December 2023: £144,405.
Rvdlised losses on the disposal of investments in the year ended 3 1st December 2024: £5,866. compared to a realised
loss in the year ended 3 1st December 2023: £50.026.
Internal and external factors
The charity will continue to grant monies to organisations b&sed upon its invesiments producing a more tban iDfiationary
re￿ The charity is therefore subject lo global and financial economic risks. however these are mitigated by the
investrnent advisors taking a n]edium risk balanced approach across the global markets.
Internal factors that Could have a detrirnental affect on the chatlty are considered minimal.
FINANCIAL REVIEW
Financial position
The fllwicial position of the chatity is very stable. Total funds at 31st Decembei 2024 £2,551,713, (2023: £2.371.089).
Principal funding sourees
The principal fvnds have been donated by the Trustees Mr J P Lapish and Mrs A K M Lapish.
Investment policy and objectives
Investment policy is based on a medium risL balanced portfolio approach.
The objective being to achieve a moTe than infiationary return on investment.
Reserves poltcy
The clwity has an objective to maintain reserves at approximately £2,000,000, to provide a capital fund that will be
able to make donations from income.
FUTURE PLANS
No further gift donatio￿ are envisaged for the foreseeable future.
STRucfuRE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing do¢um¢nL a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The Declaration of TTh￿t requires a minirnum of four Trustees.
Organis*tional structure
The organisation is strucbjred in accordance with the Declaration of TnLSt. Trustees are a minimum of four and one
person must act as chairperson, tbis is presently Mr J P Lapish.
The investments held by the charity are managed by an external financial services Organisatio￿ presently Investec
Wealth & Investment Limited.
Induction Jnd training of neTv trustees
All Trustees are instructed by the Chaiman to become familiar with the Declaration of Trust and their responsibilitie8
towards the organtsation.
Page 3

Thandizo
ort of the Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAtLS
Registered Charity number
1150152
Principal addres$
Watren Lodge
Bar Road
Curbar
Derbyshire
S32 3YR
Trustees
J P Lapish
Mrs A K M Lapish
S O Lapish
Miss J J Lapish
Independent Examiner
Jolm S Parknn FCA , FCCA
PKN Accountants Ltd
Chartered Ac¢ountants
63 Bawty Road
Bramley
Rotherham
South Yorkshire
S66 2TN
Solicitors
Wake Smith LLP
68 Clarkhouse Road
Sheffield
SIO 2LJ
COMMENCEMENT OF ACTIVITIES
The cllarity was created by a Declaration of Trust on 17th October 2012. Clwitable activities con)men¢ed during the
period to 3 1st December 2013.
sTATE1￿￿￿r OF TRUSTEES, RESPONSIBILITIES
The trustees responsible for preparing the Report of the Trustees and the fmancial ststem¢nts in ac¢ordan¢e with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicabl¢ to ¢hariti¢s in England and Wale4 the Charities Act 2011. Charity (Accounts and Reports)
Regulations 2008 and the provisions of th¢ trust deed requires the trustees to prepare financial stafrments for each
fmancial year which give a true and fair view of the state of affairs of the tharity and of the incoming res0[￿CeS and
appltcation of resources, including the income and expenditur4 of the charity for that period. In prepating th05¢
fmancial statements. tbe ttustees are required to
select suitable accounting policies and then apply them consistently:
observe the m¢thods and principles in the Charity SORP"
make judgements and estimates that are reasonable and pruden¢
prepare the financial statements on the going concern basis u￿¢S$ it is inappropriate to presume that the cbarity will
continue in business.
The tn￿teeS are responsibl¢ for keeping proper accounting records which disclose with reasonabl¢ accuracy at any time
th¢ f￿anCIal position of the c]wity and to enable then] to ensure that the fitwicial statements comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the 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.
Page 4

Thandizo
rt of the Trustees
for the Year Endcd 31 December 2024
STATEII IENT OF TRUSTEES, RESPONSIBILITIES- continued
The trustees are responsible for Il)e maiiitenanee and inieirriry of rlie charilS' ai)d financial infonnalioii included on Ilie
Lhttrily's website. Letrislation in the United Kingdom goi'erning Ihe prepardtion and dissLminaiion ot tinanLial slatemenis
mav differ froin legislaiion in other jurisdiclioiis.
Appr
order of the board oftrusiees on 21 Oclobcr 20?) and silrned on ILS behalf by..
J P Lapi5h-
Istee
Page 5

Inde endent Exxminer'5 Re ort to the Trust¢es of
Thandizo
Independent examiner's report to the trustees of Thandizo
report to the charity tA￿tte$ on my examination of the accounts of Thandizo (the Trust) for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you ￿ responsible for the preparation of the accounts in accordance with the
requireinenls of the Charities Act 2011 ('the Act,).
I report in respect of my examination ofthe Ttust's accounts carried out under Section 145 of the Act and in carrying out
my examination I have followed aIl applicable Directions given by the Charity Commission under Section 145{5)(b) of
the Acl.
Independent examiner's statement
I have completed my examination. I confm thai no material matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as required by Section 130 of the Act- or
tlie accounts do not accord willi those records. or
the accounts do not comply with the applicable requiremenls conceming the foTm and content of accounts set out
in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair view which is not a matter considered as part of an ind¢pendent examinatiOTJ.
I have no concerns and have come across no other matters 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.
John S Parkin FCA , FCCA
The Institute of Chartered Accountants in England and Wales
PKN Accountants Ltd
Chartered Accountants
63 Bawtry Road
Bramley
Rotherham
South Yorkshtre
S66 2TN
21 October 2025
Page 6

Thandizo
Statement of FinAnelal Activities
for the Year Ended 31 December 2024
2024
Unrestricted
fL￿d
2023
Total
fimds
Notes
INCOME AND ENDOWfvtENTS FROM
Donations and legacies
12,500
Investment income
56.457
57,149
Total
68,957
57,149
EXPEM)ITURE ON
Raising Ojnds
13,413
12.455
Charltable activities
Accommodation for young people in the UK
Distributing food. water and shelter in addition to
mounling rescue missions by boat in flo(Kl
affected regions.
Orphanage/ clinic and flood relief in Malawi
Famine relief in Africa
Tools for Africa
Medical instruments for MaIawi in Africa
8,000
8,000
10.000
79,250
5.000
37,940
529
2,585
Other
3,667
3.420
Total
66,134
118,125
Net gains on inveslments
177,801
94,379
NET llNCOME
180.624
33,403
RECONCILIATION OF FUNDS
Total thnds brought forward
2,371,089
2,337,686
TOTAL FUNDS CARRIED FORWARD
1551,713
2,371.089
The notes fonn part of these financial statements
Page 7

Thandizo
BAIAnee Sheet
31 December 2024
2024
Unrestricted
rund
20?3
Tot¢il
Notes
FIXED ASSETS
Investments
10
?,502,$38
2.318,9?"
CURRENT ASSETS
Debiors
Cash at bank
2,731
51.012
56.301
53.743
56,301
CREDITORS
An)ounls falling due iviihin one year
14.568)
(4.lJ51
NET CURRELYT ASSETS
49.175
52,166
TOTAL ASSETS LESS CURRENT
LIABII.ITIES
2.i51,71i
2,J71.089
NET ASSETS
2,551.713
2,371,089
FUNDS
Unrestricted ftmds
2,551.71 J
? 371,089
TOTAL FUN'DS
2,5il.713
2.371,089
The fiiidnc
I siatemeiits ivere approved by the Board of Trustees and aiiihoriscd for issue on ? l October 202) and were
signelo
Ili behalf by..
J P LapTSh -
slee
A K M Lapish _ Trustce
The notes form part of Iliese finaiicial stalemenls
Pagc 8

Thandizo
Notes to the Financial Statement5
ror the Year Ended 31 December 2024
ACCOtrNTITrIG POLICIES
Basis of preparing the financial statements
The financial slalements of the charity. which is a publi¢ benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reportitig by Charities". Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),,
Financial Rcporting Standard 102 The Financial Reporting Stand2rd applicable in the UK and Republic of
lttland, and ihe Charities Act 2011. The financial statements have been prepared under the historical cost
conventioffj with the exception of investments which are tncLuded at market value, as modified by the revaluation
of certain assets.
Income
All income is recognis¢d in the Statement of Financial Activities once the clwity b&8 entitlement to tbe fimds, it
is probable that the income will be r¢c¢ived and the amount can be measured reliably.
Expenditure
Liabilities are recognised &8 expenditure as soon &s there is a legal or constrnclive obIigation committing the
charity lo that expendiÉure. 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 accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they h&ve been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditioDS whith have not been met at the year end date are noted as a conunilment but
not accrued as expenditure.
Governance costs
The Trustees have not charged for their time or expenses in the period. The governance costs relate to
accountancy and audit.
Allocation and apportionment of costs
The charity has not allocated costs between funds as all resource5 are contained in the general fi￿d.
Taxation
The chartty is exempt from t&x on its ch￿l￿ble activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the tnjstees.
Restricted ￿Thd$ can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the llatll￿ and Purpose of each fimd is included in the notes to the financial statements.
Rea]i5ed gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realtsed gains and losses on
inveslrnents are calculated as the differen¢¢ between sales proceeds and their opening ¢aTrying vatue or their
purchase value if acquired sub5¢quent to the first day of the fi[￿ncIal y¢ar. u￿CallSCd gains and losses are
calculated as the difference between fair vaIue at the year end a[￿ their carrying value. Reaiised and unrealised
investment gains and losses are combined in the Statement of Financial Activities.
Fixed asset investments
tnvestments aTr a form of basic fmancial instrument and are initially recognised at their transaction value and
subsequentIy at their fair value as at the balance sheet date using the closing quoted n]arket price. The statement
of flnancial activities include5 the net gains and losses arising on revaluation and disposals throughout tbe year.
Page 9
continued...

Thandizo
Notes to the Financial Ststem¢nts- eontinued
for the Year Ended 31 December 2024
DONATIONS AND LEGACIES
2024
2023
Gift aid
12,500
tNirESTMENf INCOME
2024
2023
Other f￿ed asset invest- Fll
Fixed interest income
Other interest
36,951
6,915
12,591
39.516
7.415
10,218
56,457
57,149
RAISING FUIYDS
Investment management eosts
2024
2023
Portfolio management
13,413
12.455
CHAIUTABLE ACTIVITIES COSTS
Grant
fimding of
activities
(see note
Support
costs (see
note 7)
Direct
Costs
6)
Totals
Accommodation for young people in the
8.000
8,000
0￿hanage1 clinic and flood relief in
Malawi
Tools for Africa
Medical instnunents for Malawi in
Africa
4,933
163
28.840
366
4.167
37,940
529
2.585
2.585
7,681
37206
4,167
49,054
GRAP4TS PAYABLE
2024
2023
Accommodation for young people in the UK
DistTibu¢ing fool water and shelter in addition to mounting rescue missions
by boat in flood affected regions.
Otphanage/ Clinic and flood relief in Malawi
Famine relief in Africa
Tools for Africa
8,000
8,000
10,000
77.150
28,840
366
37,206
100,150
Page 10
continued...

Thandizo
Notes to the Fin2ncial Ststements- continued
ror the Year Ended 31 December 2024
GRANTS PAYABLE- contlnued
The total grants paid to instibjtions during the year was as follows:
2024
2023
Roundabout (Registered Charity No: 1061313)
Seed Madagascar (Registered Charity No: 1079121)
tris Global UK (Registered chartty No: 1035087)
Pashello Charitable Trust (Regislered in MaEawi)
Tools with a Mission (Registered Charity No: 347292286)
8,000
8.000
5,000
10,000
77,150
28,840
366
37,206
100,150
All grants in the year were to registered Charities or not for profit organisations being made on an unrestricted
b&sis. As discussed in the Trustees Report grants made to Pashello for the various purposes such as the building
of a toilet block and the equipmetLt for it have been externally monitored by a trnsted consultant on behalf of the
¢hatity.
SUPPORT COSTS
Governance
osts
Management
Finance
Totals
Other resources expended
Orphanage/ cIinic and flood relief in Malawi
247
3.420
3,667
4,167
4.167
4.167
247
3.420
7,834
Support costs, included in the abov4 are as follows:
2024
2023
Otphanage/
clinic
and flood
relief in
Malawi
Other
resources
expended
Totsl
activities
Total
activities
TTUSt¢es' r¢muneration et
Bank charges
A￿oUnta￿¢Y and legal f¢
4,167
4.167
247
3.420
247
3,420
270
3,150
3,667
4.167
7.834
3,420
TRUSTEES, REMUNERATION AND BENEFrrs
There were no ttustees, remuneration or other benefits for th¢ year ended 31 Decenther 2024 nor for the year
ended 31 December 2023.
Trustees, expenses
2024
2023
Trustees, expense5
4,167
Expenses incurred were for travel to Africa and associated accommodation.
Page 11
continued...

Thandizo
Notes to the Financial
talement$- Continued
lor the Year Ended 31 December 2024
STAFF COSTS
No staff were employed in the year ended 3 1st De¢ember 2024, {2023: £ Nil).
io.
FIXED ASSET INVESTMEiYrs
Listed
investments
Fixed
Interest
Totals
At l January 2024
Additions
Disposals
Revaluations
1.944.188
305,195
(382,646)
67,990
545.830
204,066
(126.668)
2.490,018
509,261
(509,314)
67,990
At 31 December 2024
1,934,727
623,228
2,557.955
PROVISIONS
At l January 2024
Provision for year
Revaluation adjustments
171,095
171,095
55.417
(171,095)
55,417
(171.095)
At 31 December 2024
55.417
55,417
NET BOOK VALUE
At 31 December 2024
1,934,727
567,811
2,502,538
At 31 December 2023
1,773,093
545,830
2,318,923
The assets held above and market value at 3 1st December 2024 are:_
2024
2023
UK Fixed Interest
Ov¢rse&s Fixed Interest
UK Equities
European Equities
North American Equities
Japanese Equities
East and Australasian Equities
International Equities
Emerging Economies
Property
International propety
Alt¢mativ¢ Asscts
423,934
143.877
309,280
170.264
741,194
77,112
101.445
144,777
74,924
22.504
34.266
258 961
254.730
291.100
452,309
157.858
368,541
59.221
92J19
189.244
70,344
98.466
33,960
250 831
The Cost value of investments at 3 1st December 2024:_
Listed: £1.438.102, (2023: £1,435,777).
Fixed interest: £601,032, (2023: £584,037).
Page 12
ontinued...

Thandizo
Notes to the Finanefial
tatements- Continued
for the Year Ended 31 December 2024
ii.
DEBTORS: AMOUNTS FALLING DUE WITHIN of+lE YEAR
2024
2023
Other debto
231
2,500
2,731
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR
2024
2023
Accrued expenses
4,568
4.135
13.
RELATED PARTY DISCLOSURES
The￿ weTr no related paty transactions for the year ended 31 December 2024.
14.
UNBEALISED GAINS AIYD LOSSES
Total funds include unrealised gains on investments at 3 1st Decernber 2024: £463,404, (2023: £299,109).
Page 13

Thandizo
Detalled Statement of FfinAncfial Ac￿￿deS
for the Year Ended 31 December 2024
2024
2023
tNcofNIE AND ENDowfvfENTS
Donations 2nd legacies
Gift aid
12.500
Investment income
Other fixed wet invest- FII
Fixed interest income
Other interest
36,951
6,915
12,591
39,516
7.415
10,218
56,457
57,149
Total incoming r￿OurceS
68,957
57,149
EXPENDITURE
Investment management ¢05ts
Portfolio management
13.413
12.455
Charitable activities
Overseas project rnanagement (Malawi)
Packaging and freight
Grdnts to institutiODS
4,880
2.801
37,206
2,100
100,150
44.887
102.250
Support costs
Management
Trustees, expenses
4,167
Finance
Bank charges
247
270
Governance costs
Accountancy and legal fees
3,420
3,150
Total resources expended
66,134
118,125
Net in¢omel(expenditure) before gains and
losses
2,823
{60,976)
Realised recognised gains and losses
Realised gair)sl(10sses) on fixed asset investh]ents
Unrealised gainsl{losses) on fixed &8set
investments
(5,866)
(50,026)
183,667
144,405
Net ineome
180,624
33,403
This page does not forn part of the statutory fllwi¢ial stat¢ments
Page 14