REGISTERED COMPANY NUMBER: 08500756 {England and Wales) REGISTERED CHARITY NUMBER: 1156144 Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2025 Friends Of Tariro DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
Friends Of Tariro Contents of the Financial Statements for the Year Ended 30 April 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Artivities 14
Friends Of Tariro Report of the Trustees for the Year Ended 30 April 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2CM)6, present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of 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 IFRS 1021 leffective l January 20191. OBJEcfivES AND AcfiviTIES Objectives and aims The objectives of the charity as per its governing document are: To relieve poverty and advance education for vulnerable children and young people, primarily in Kazingizi village in Zimbabwe To advance health and wellbeing by providing access to basic necessities, education support. and welfare assistance In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit= running a charity IPB21'. Activities Undertaken to Achieve Objectives Friends of Tariro seeks to fulfil its objectives by raising funds in the UK and directing those funds towards supporting vulnerable children and families in Kazingizi village in Zimbabwe. This includes supporting access to education. basic living needs, healthcare, and welfare assistance where required. The charity works with trusted contacts to ensure that funds are applied appropriately and for their intended charitable purposes. Main Artivities Undertaken for the Public Benefit The main artivities undertaken during the year to further the chariws purposes for the public benefit included= Fundraising through regular donations. one-off gift5. and community sUPPOrt Providing financial a551Stance towards education costs. including school fees, uniforms, and learning materia15 Supporting vulnerable individuals and families with essential living costs Providing welfare and hardship support where there is demonstrable need These activities directly benefit disadvantaged children and families by improving access to education, stability, and basic welfare support. ACHIEVEMENTS AND PERFORMANCE During the year ended 30 April 2025, the charity continued to support vulnerable beneficiaries through ongoing financial assistance funded by the generosity of its supporters {Friends and family). The Trustees believe the charitvs work has made a positive difference to the lives of children and families by helping them access education. maintain basic living standards, and improve their long-term prospects. The Trustees recognise that education and welfare support can have wider benefits to society by helping reduce poverty and enabling beneficiaries to work towards a more stable and independent future. Page I
Friends Of Tariro Report of the Trustees for the Year Ended 30 April 2025 FINANCIAL REVIEW Finan¢ial position The charity remained financially active throughout the year, receiving income primarily from donations and standing orders. Expenditure mainly related to charitable 5UPPOrt COSts. including transfers of funds to support beneficiaries, and modest administrative expenses. For the year ended 30 April 2025, the charity received incoming resources of £34.091. Total resources expended during the year amounted to £35,832, resulting in a net movement in funds of £11,741). All funds held by the charity are unrestricted general funds. By comparison, the previous year ended 30 April 2024 generated a surplus of £3,841 on incoming resources of £21,816. Reserves policy The charity's policy is to maintain a modest level of reserves sufficient to meet short-term obligations and ensure continuity of charitable activities. The Trustees consider this level of reserves to be appropriate given the charitWs size, income patterns, and reliance on voluntary donations. Going concern The Trustees have reviewed the charivs financial p051tion and future income expertation5 and believe that the charity has adequate resources to continue its activities for the foreseeable future as the charity continues to receive regular donations and support from its donors. Accordingly. the financial statements have been prepared on a going concern basis. Deficit The charity recorded a deficit of £1,741 during the year ended 30 April 2025. The Trustees are aware of this position and continue to monitor income and expenditure closely. No individual fund is materially in deficit beyond thi5 overall movement. STRUCTURE, GOVERNANCE AND MANAGEME Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity was registered with the Charity Commission on 23 April 2013 with charity number 1156144. Recruitment and appointment of new trustee5 Trustees are appointed in accordance with the charity's governing document. New Trustees are appointed by the existing Trustees based on their skills. experience, and commitment to the aims and objectives of the charitv. Trustees meet as required to oversee the charitvs activities. review financial performance. and ensure compliance with legal and regulatory requirements. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08500756 (England and Wales) Registered Charity number 1156144 Page 2
Friends Of Tariro Report of the Trustees for the Year Ended 30 April 2025 Registered office 5 Summerhouse Way Abbots Langley Hertfordshire WD5 ODY Trustees l R Gray Civil Servant RLGray Z Munyoro lappointed 29.10.251 B Kabunze (appointed 28.10.251 B Maruta (appointed 28.10.251 Company Secretary RLGray Independent Examiner Katherine Parsey FCA CTA DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB Approved by order of the board of trustees on 9 January 2026 and signed on its behalf by.. R L Gray - Trustee Page 3
Independent Examiner's Report to the Trustees of Friends Of Tariro Independent examiner's report to the trustee5 of Friends OfTariro {'the Companv,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ib) 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2(X)6 Act,. or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not 2 matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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. Katherine Parsey FCA CTA DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Ayle5bury Buckinghamshire HP19 8DB 9 January 2026 Page 4
Friends Of Tariro Statement of Financial Artivities for the Year Ended 30 April 2025 30.4.25 Unrestricted fund 30.4.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 34,086 21,805 Investment income li Total 34,091 21,816 EXPENDITURE ON Charitsble activities Providing support to Kazingizi village, Zimbabwe 35,832 17,975 NET INCOME/{EXPENDITURE) 11,7411 3,841 RECONCILIATION OF FUNDS Total funds brought forward 1101,9591 1105,8001 TOTAL FUNDS CARRIED FORWARD 1103,7001 1101,9591 The notes form part of these financial statements Page 5
Friends Of Tariro Balance Sheet 30 April 2025 30.4.25 Total funds 30.4.24 Total funds Notes CURRENT ASSETS Cash at bank 1,9¢XI 3,611 CREDITORS Amounts falling due within one year 121,6(K)I 121,5701 NET CURRENT ASSETS/(LIABILITIESI 119,7001 117,9591 TOTAL ASSETS LESS CURRENT LIABILlEs 119,7(X)I 117,9591 CREDITORS Amour)ts falling due after more than one year io 184,0(K)I 184,0001 NET ASSETSI{LIABILITIES) 1103,7001 1101.9591 FUNDS Unrestricted funds 12 1103.7001 1101,9591 TOTAL FUNDS 1103,7001 1101,9591 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2(K16. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Att 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirement5 of Sertions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ibl The notes form part of these financial statements Page 6 continued...
Friends Of Tariro Balance Sheet- continued 30 April 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statement5 were approved by the Board of Trustees and authori5ed for i55ue on 9 January 2026 and were signed on its behalf by= R L Gray - Trustee The notes form part of these financial statements Page 7
Friends Of Tariro Notes to the Financial Statements for the Year Ended 30 April 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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) {effettive l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Art 2006. The financial statements have been prepared under the historical cost convention. Basis of support The charity is able to continue by placing reliance on the loan repayment not being requested. Income All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activitie5. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrirted 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 nature and purpose of each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES 30.4.25 30.4.24 Donations Recurring donations Helping Hands Watford Ltd 3.459 7.729 22.898 299 5.978 15,528 34,086 21,805 Page 8 continued...
Friends Of Tariro Notes to the Financial Statements - continued for the Year Ended 30 April 2025 INVESTMENT INCOME 30.4.25 30.4.24 Deposit account interest li CHARITABLE ACTIVITIES COSTS Direct Costs (see note 51 Support costs (see note 61 Totals Providing support to Kazingizi village, Zimbabwe 35,232 600 35,832 DIREcf COSTS OF CHARITABLE AcfiviTIES 30.4.25 30.4.24 Donations Building materials Labour costs Travel costs Motor Expenses School Fees Farm & Animal Costs General expenses Utility charge5 4,279 3.810 1.217 3.517 8.694 7,578 1.187 1,362 3,588 6,736 2.000 488 774 2,460 2.447 521 1,979 35.232 17.405 SUPPORT COSTS Governance costs Providing support to Kaiingizi village, Zimbabwe 600 Page 9 continued...
Friends Of Tariro Notes to the Financial Statements - continued for the Year Ended 30 April 2025 SUPPORT COSTS- continued Support costs, included in the above, are as follows- 30.4.25 Providing support to Kazingizi village, Zimbabwe 30.4.24 Total activities Accountancy fees 600 570 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIvlEs Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 21,805 Investment income li Total 21,816 EXPENDITURE ON Charitable activities Providing support to Kazingizi village, Zimbabwe 17,975 NET INCOME 3,841 RECONCILIATION OF FUNDS Total funds brought forward 1105,8001 TOTAL FUNDS CARRIED FORWARD 1101,9591 Page 10 continued...
Friends Of Tariro Notes to the Financial Statements - continued for the Year Ended 30 April 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.25 30.4.24 Other loans Isee note 111 Accrued expenses 21,000 600 21,000 570 21.600 21.570 io. CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 30.4.25 30.4.24 Other loans Isee note 111 84.000 84,000 ii. LOANS An analysis of the maturity of loans is given below= 30.4.25 30.4.24 Amounts falling due within one year on demand: Other loans 21,000 21,000 Amounts falling between one and two years= Other loans - 1-2 years 21,000 21,000 Amounts falling due between two and five years: Other loans - 2-5 years 63,000 63,000 12. MOVEMENT IN FUNDS Net movement in funds At 30.4.25 At 1.5.24 Unrestricted funds General fund 1101.9591 11.7411 1103.7001 TOTAL FUNDS 1101,9591 11.7411 1103.7001 Page 11 continued...
Friends Of Tariro Notes to the Financial Statements - continued for the Year Ended 30 April 2025 12. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 34.091 (35.8321 11.7411 TOTAL FUNDS 34,091 135,8321 11,7411 Comparatives for movement in fvnds Net movement in funds At 30.4.24 At 1.5.23 Unrestricted funds General fund 1105.8001 3.841 1101.9591 TOTAL FUNDS 1105,8001 3,841 1101,9591 Comparative net movement in funds. included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 21.816 117.9751 3,841 TOTAL FUNDS 21.816 117,9751 3,841 Page 12 continued...
Friends Of Tariro Notes to the Financial Statements - continued for the Year Ended 30 April 2025 13. RELATED PARTY DISCLOSURES During the year the charity received £22.89812024- £15,528} as donations from Helping Hands Watford Ltd which 15 controlled by Rudo L Gray who is also a trustee of the charity- Page 13