Zimbabwe Partnership Trust
CHARITABLE TRUST
Reg. No: 1164769
Reports and Financial Statements DRAFT for the period ended 5 April 2021
ZIMBABWE PARTNERSHIP TRUST
REPORTS FOR THE PERIOD ENDED 5 APRIL 2021
Trustees’ report
The trust was established by deed of trust dated 12 July 2011 as amended by Supplemental deed dated 7 December 2015 and registered as a Charity on 9 December 2015.
Trustees
The trustees who serve throughout the period were:
CHW Boyes D French GM Prime J Spalding M Stolarski M Drury RG Prime R Pountney S Moffatt
Objects
The objects of the Trust are:
The advancement of the Christian religion in accordance with the Statement of Faith by assisting Beneficiary Churches, and Beneficiaries, to evangelise, teach and practice the Christian faith effectively and consistently in and for the benefit of the Beneficiary Churches' communities, by means primarily but not exclusively of
providing theological teaching and training (including, without limitation, on matters of doctrine and church and pastoral practice) for Beneficiary Churches and Beneficiaries providing such incidental practical and material support to Beneficiary Churches and Beneficiaries as the Trustees judge reasonably necessary to this end. The relief of poverty amongst Beneficiary Churches, Beneficiaries and the Beneficiary Churches' wider communities. DRAFT
The relief of poverty amongst Beneficiary Churches, Beneficiaries and the Beneficiary Churches' wider communities.
Beneficiaries means (1) pastors, elders or members of Beneficiary Churches, and (2) prospective pastors, elders or members of Beneficiary Churches. Beneficiary Churches means local churches situated in Zimbabwe
Income
The trust is wholly dependent upon private contributions from individuals and churches to finance its activities. It does not use the services of any fund raising organisations or individuals.
Investments and reserves
The trustees hold no investments but have a policy of the retention of about twenty percent of one year’s ordinary income as a reserve for future distribution and emergency needs.
ZIMBABWE PARTNERSHIP TRUST
REPORTS FOR THE PERIOD ENDED 5 APRIL 2021
Financial statements
The accounts and statement of assets set out on pages four and five relating to the period ended 5 April 2021 are as approved by the trustees. The trustees hold no assets other than as set out in the accounts.
Activities
The restrictions brought about as a result of the Covid-19 pandemic have limited the opportunities for deputation visits to churches and the dissemination of publicity material. Nevertheless, through personal contact and the circulation of reports and news and prayer updates the trustees continue to make the work of the Trust more widely known in order to establish and expand a wide base of supporting churches and individuals. As restrictions ease, we will be active in developing ways of publicising the work of the trust by preparing, updating and distributing information leaflets on a variety of projects that will be supported, preparing video clips about the work and also developing the internet website.
Despite the financial hardships experienced by many as a result of the pandemic, support for the work of the Trust has been maintained and, as a result, we have been able to continue to fund longer term initiatives rather than just responding to crisis needs. The Trustees continue to be concerned to see projects established that are self-sustaining and will reduce the level of dependence of communities on aid from overseas. The Trustees have also been able to respond to emergency needs that have been brought about by the impact of the Covid-19 pandemic situation as well as famine conditions brought about by drought and the economic conditions in the country. The trustees have maintained contact with churches and individual Christians in Zimbabwe in order to assess the ongoing needs and establish priorities in the administration of the funds held by the trust. Allocations of funds took place at the trustees' meetings in October 2020 and April DRAFT 2021 as well as responding to emergency needs between these meetings. The trustees, having adopted a practice of expending funds in the giving of grants to and for a variety of evangelical Christian needs and causes in Zimbabwe, believe the charity satisfies the public benefit test. The trustees believe, and in the expectation of further donations, that they hold sufficient funds to meet the needs as they arise.
Independent Examiner
Mr Brian Robson, having indicated his willingness, was appointed to examine the accounts for the period ended 5 April 2021.
29 January 2022
Roger Prime
ZIMBABWE PARTNERSHIP TRUST
REPORTS FOR THE PERIOD ENDED 5 APRIL 2021
Independent examiner’s report to the trustees of the Zimbabwe Partnership Trust
I report on the accounts of the Zimbabwe Partnership Trust for the period ended 5 April 2021 which are set out on pages four and five.
To the trustees:
Respective responsibilities of trustees and examiner
As the trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 seeking 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 I do not express an audit opinion on the view given by the accounts. To the members: Independent examiner’s report DRAFT
In connection with my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
Brian Robson London
31 January 2022
ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2021
| DR~~A~~ Income and Expenditure Free donations/Donations Preferred spiritual/Gift Aid Preferred humanitarian/Income tax Interest Distributions Spiritual Pastors’ support Humanitarian Personal support Relief work Other Orphanage Trustees' Expenses Administration costs Movement in projects Surplus at 6 April Income account at 5 April Funds held for projects Represented by: Cash Cash at bank Income tax recoverable The accounts are as approved by the trustees. Stuart Moffatt |
2021 2020 41281 44651 Note 2 300 1425 Note 2 34134 35820 38 33 |
|---|---|
| 75753 81929 |
|
| 1876 8344 58795 82383 6825 6156 |
|
| Note 3 67496 96883 0 0 39 0 |
|
| 67535 96883 |
|
| ~~FT~~ 8218 -14954 Note 3 -7236 14715 0 239 |
|
| 982 0 47894 40658 |
|
| £48,876 £40,658 |
|
| -529 -392 44314 32153 5091 8896 |
|
| £48,876 £40,658 |
|
| 29 January 2022 |
ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2021
Notes to the accounts
1 Basis of preparation:
These accounts have been prepared on a receipts and payments basis and accord with s42(3) Charities Act 1993. There are no matters which need to be brought to the attention of trustees or supporters in connection with the financial affairs of the charity.
During the year and at the trustees’ meetings funds are allocated to projects which we support in Zimbabwe including pastors’ training, sustainable farming, wells, orphanages, famine relief and other humanitarian causes.
2 Restricted and preferred donations
The trustees do not accept donations on which a restriction has been imposed. The funds held by the trustees are entirely unrestricted. There are no restricted funds.
The trustees may accept donations where the donor expresses a wish that the funds be used in a particular project, providing that the object of the wish falls within the objects of the trust. The trustees will take any such wishes into consideration when exercising their discretion in the allocation of funds to projects.
The amounts described as preferred donations represent those gifts that have been received where donors have expressed a wish in respect of the gift.
The trustees report that such is the magnitude of need in Zimbabwe that they have been able to take such wishes into account in their allocations.
3 Funds held for projects
The trustees have allocated funds to projects which are held as to:
| DRAFT v pj : 2020 Allocated Expended 2021 General reserve 2000 2039 39 4000 Spiritual training 7199 1746 1750 7196 Other spiritual work 246 402 127 521 Personal support 6011 9490 6825 8676 Mount Darwin 7070 16064 15976 7158 Rural ministry 10000 23018 21909 11110 Other humanitarian 3417 17816 15527 5706 Orphanges 600 413 600 413 Schools 4114 3784 4784 3114 40658 74771 67535 47894 Net movement in projects -7236 |
DRAFT v pj : 2020 Allocated Expended 2021 General reserve 2000 2039 39 4000 Spiritual training 7199 1746 1750 7196 Other spiritual work 246 402 127 521 Personal support 6011 9490 6825 8676 Mount Darwin 7070 16064 15976 7158 Rural ministry 10000 23018 21909 11110 Other humanitarian 3417 17816 15527 5706 Orphanges 600 413 600 413 Schools 4114 3784 4784 3114 40658 74771 67535 47894 Net movement in projects -7236 |
DRAFT v pj : 2020 Allocated Expended 2021 General reserve 2000 2039 39 4000 Spiritual training 7199 1746 1750 7196 Other spiritual work 246 402 127 521 Personal support 6011 9490 6825 8676 Mount Darwin 7070 16064 15976 7158 Rural ministry 10000 23018 21909 11110 Other humanitarian 3417 17816 15527 5706 Orphanges 600 413 600 413 Schools 4114 3784 4784 3114 40658 74771 67535 47894 Net movement in projects -7236 |
|---|---|---|
| 40658 74771 |
67535 47894 |
|
| -7236 |