Zimbabwe Partnership Trust
CHARITABLE TRUST Reg. No: 1164769
Reports and Financial Statements for the period ended 5 April 2023
ZIMBABWE PARTNERSHIP TRUST REPORTS FOR THE PERIOD ENDED 5 APRIL 2023
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
CHW Boyes D French GM Prime J Spalding M Stolarski M Drury RG Prime R Pountney S Hexter S Moffatt
With the exception of Shaun Hexter who was appointed on the 23 March 2023 the trustees served throughout the period.
We have been pleased to welcome Shaun Hexter as he has joined as a trustee with a view to taking over the secretarial/administrative responsibilities from Roger Prime later this year. We are also looking for a replacement(s) for Gill Prime in her roles as Widow support and Minute secretary.
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.
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 2023
Financial statements
The accounts and statement of assets set out on pages four and five relating to the period ended5 April 2023 are as approved by the trustees. The trustees hold no assets other than as set out in the accounts.
Financial support for the work of the Trust has been maintained and, as a result, we have continued to fund longer term initiatives that are self-sustaining and will reduce the level of dependence of communities on aid from overseas.
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. Allocations of funds took place at the trustees' meetings in October 2022 and March 2023 as well as responding to emergency needs between these meetings.
Activities
Over the past year there have been increased opportunities for deputation visits to churches and the dissemination of new publicity material in the UK. In addition, through personal contact and the circulation of reports, news and prayer updates, and information available on the Trust website and Facebook page, 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.
Plans are in hand for a visit of trustees and trainers to Zimbabwe in November 2023, following the anticipated elections in the country, for the purposes of recommencing the Training of Trainers programme and visits to partners on the ground, to assess the progress and effectiveness of projects funded through the Trust. Bible teaching conferences on Zoom have been held for pastors in the Bulawayo and Chivi districts and these have proved to be a great encouragement and inspiration to those who benefitted from the teaching.
In the past year we have funded improvements to the facilities at the Community Development Centre in Mt Darwin which is making a real difference to the orphan care and youth training programmes based there. We have also funded improvements to the borehole supplying the Community Field Centre and livelihood goat projects at Mt Darwin which are benefitting the families involved in these projects. Building work on the Health Clinic at Makamure has been completed and work on building accommodation for nursing staff is almost complete. We trust we will see this become operational in the year ahead. The Polytunnel at Mthombothemba funded through the Trust is fully operational and the crops produced are helping to make a real impact on the lives of orphans being cared for in the community. The Trust has funded the establishment of a borehole and supported the building work for the orphanage being established in Chivi District. We continue to provide a nutritionally enriched porridge (e'pap) for children in the squatter camp at Killarney. We have valued the partnership of Tools With A Mission in providing tools and equipment for the Training Schemes and Farming programmes.
Independent Examiner
Mr Brian Robson, having indicated his willingness, was appointed to examine the accounts for the period ended 5 April 2023.
30 August 2023
Roger Prime
ZIMBABWE PARTNERSHIP TRUST
REPORTS FOR THE PERIOD ENDED 5 APRIL 2023
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 2023 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
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
30 August 2023
ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2023
| 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 Administration costs Bank charges 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 |
2023 2022 54826 54651 Note 2 1204 0 Note 2 23765 29605 180 20 |
|---|---|
| 79975 84276 |
|
| 16084 9481 67050 60141 23033 12342 |
|
| Note 3 106167 81964 408 0 4214 101 |
|
| 110789 82065 |
|
| -30814 2211 Note 3 30942 -2268 925 982 |
|
| 1053 925 19220 50162 |
|
| £20,273 £51,087 |
|
| -1070 4607 16541 42294 4802 4186 |
|
| £20,273 £51,087 |
|
| 30 August 2023 |
ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2023
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:
| General reserve Spiritual training Other spiritual work Personal support Mount Darwin Rural ministry Other humanitarian Orphanges Schools Net movement in projects |
2022 Allocated 4000 4622 5418 7865 617 2726 10463 16600 8375 21310 16826 24590 2174 404 50 0 2239 1730 |
Expended 2023 4622 4000 13033 250 3051 292 23033 4030 25680 4005 35768 5648 1708 870 50 0 3844 125 |
|---|---|---|
| 50162 79847 |
110789 19220 |
|
| -30942 |