## **Zimbabwe Partnership Trust** ## **CHARITABLE TRUST** Reg. No: 1164769 Reports and Financial Statements DRAFT for the period ended 5 April 2022 **ZIMBABWE PARTNERSHIP TRUST** ## **REPORTS FOR THE PERIOD ENDED 5 APRIL 2022** ## **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 2022** ## **Financial statements** The accounts and statement of assets set out on pages four and five relating to the period ended 5 April 2022 are as approved by the trustees. The trustees hold no assets other than as set out in the accounts. ## **Activities** As the restrictions brought about by the Covid 19 pandemic have eased there have been increased opportunities for deputation visits to churches and the dissemination of publicity material in the UK. In addition, 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. Publicity material is also available on the Trust website and on the Trust Facebook page. In these ways the work of the Trust continues to be made known among supporting churches here in the UK. Despite the financial hardships being experienced by many as a result of economic uncertainty, 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 caused by drought and the economic conditions in the country. Despite the easing of restrictions brought about by the Covid 19 pandemic the Trustees have not been able to make visits to Zimbabwe in the past year to support and encourage our partners there and assess the impact of the support being given by the Trust. However, we have DRAFT maintained contact with churches and individual Christians in Zimbabwe and teaching conferences for the Pastors have been held using Zoom, which have been well supported and much appreciated. Literature and SD Cards containing Bible teaching have been sent to Zimbabwe for distribution amongst the Pastors to support and encourage them in their ministry. Through ongoing contact we have been able 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 2021 and April 2022 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 2022. 7 January 2023 Roger Prime ## **ZIMBABWE PARTNERSHIP TRUST** ## **REPORTS FOR THE PERIOD ENDED 5 APRIL 2022** ## **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 2022 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 7 January 2023 ## **ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2022** |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|**2022**
**2021**
54651
41281
Note 2
0
300
Note 2
29605
34134
20
38| |---|---| ||**84276**
**75753**| ||9481
1876
60141
58795
12342
6825| ||Note 3
81964
67496
0
0
101
39| ||**82065**
**67535**| ||~~FT~~
2211
8218
Note 3
-2268
-7236
982
0| ||925
982
50162
47894| ||**£51,087**
**£48,876**| ||4607
-529
42294
44314
4186
5091| ||**£51,087**
**£48,876**| ||7 January 2023| ## **ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2022** ## **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** |DRAFT
The trustees have allocated funds to projects which are held as to:
**2021**
**Allocated**
**Expended**
**2022**
General reserve
4000
101
101
4000
Spiritual training
7196
5983
7762
5418
Other spiritual work
521
1815
1719
617
Personal support
8676
14129
12342
10463
Mount Darwin
7158
25427
24210
8375
Rural ministry
11110
37633
31916
16826
Other humanitarian
5706
-2931
600
2174
Orphanges
413
50
413
50
Schools
3114
2127
3002
2239
47894
84334
82065
50162
Net movement in projects
2268|DRAFT
The trustees have allocated funds to projects which are held as to:
**2021**
**Allocated**
**Expended**
**2022**
General reserve
4000
101
101
4000
Spiritual training
7196
5983
7762
5418
Other spiritual work
521
1815
1719
617
Personal support
8676
14129
12342
10463
Mount Darwin
7158
25427
24210
8375
Rural ministry
11110
37633
31916
16826
Other humanitarian
5706
-2931
600
2174
Orphanges
413
50
413
50
Schools
3114
2127
3002
2239
47894
84334
82065
50162
Net movement in projects
2268|DRAFT
The trustees have allocated funds to projects which are held as to:
**2021**
**Allocated**
**Expended**
**2022**
General reserve
4000
101
101
4000
Spiritual training
7196
5983
7762
5418
Other spiritual work
521
1815
1719
617
Personal support
8676
14129
12342
10463
Mount Darwin
7158
25427
24210
8375
Rural ministry
11110
37633
31916
16826
Other humanitarian
5706
-2931
600
2174
Orphanges
413
50
413
50
Schools
3114
2127
3002
2239
47894
84334
82065
50162
Net movement in projects
2268| |---|---|---| ||47894
84334|82065
50162| |||2268|