## **Zimbabwe Partnership Trust** ## **CHARITABLE TRUST** Reg. No: 1164769 Reports and Financial Statements for the period ended 5 April 2024 **ZIMBABWE PARTNERSHIP TRUST REPORTS FOR THE PERIOD ENDED 5 APRIL 2024** ## **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** Christopher Henry William Boyes Derek French Gillian May Prime Jonathan Carson Spalding Maciek Mark Stolarski Mark Ian Drury Roger Gordon Prime Raymond Pountney Shaun Harold Hexter Stuart Moffatt The trustees served throughout the period. ## **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. ## **Financial statements** The accounts and statement of assets set out on pages four and five relating to the period ended 5 April 2024 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. 1 **ZIMBABWE PARTNERSHIP TRUST REPORTS FOR THE PERIOD ENDED 5 APRIL 2024** 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 2023 and March 2024 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. Three trustees visited Zimbabwe in November 2023, following the general election, 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. The reports from the monitoring visits were encouraging and the projects are appreciated by the local communities. 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, ZPT has continued to support the provision of Bibles for distribution among the churches, along with widows' support and provision of school fees and training of young people through development programmes in Mount Darwin and Bulawayo. We also maintain our support for orphan care in the community and development of a new orphanage in the Chivi district. Each six months, we have paid for the monthly delivery of fortified maize porridge for children in the Killarney community, Bulawayo. We have continued to support the new Health Clinic in Rungai, which has now been built and mostly furnished, together with accommodation for nursing staff, which will be supplied by the local authorities, who have been apparently keen to see this development but continue to delay completion. ZPT continues to invest in the provision of boreholes through our partners. Two new boreholes have been developed for domestic use and community agricultural use in Makamure and Umguza. This is a vital part of the work in view of the drought conditions now affecting most of the country. In response to the current drought, ZPT has provided funds for famine relief and launched an appeal for further support. The trustees brought back very detailed and encouraging reports from their visits in November 2023, including photographs covering the full range of agricultural projects (goat herding, gardening, youth training etc.). ZPT has been working on improved partnerships arrangements with the various groups in Zimbabwe, as well as continuing to document procedures and policies in the UK. ## **Independent Examiner** Mr Brian Robson, having indicated his willingness, was appointed to examine the accounts for the period ended 5 April 2024. Shaun Hexter 18 October 2024 2 **ZIMBABWE PARTNERSHIP TRUST REPORTS FOR THE PERIOD ENDED 5 APRIL 2024** ## **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 2024 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 18 October 2024 3 ## **ZIMBABWE PARTNERSHIP TRUST ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2024** |**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|**2024**
**2023**
56426
54826
Note 2
10925
1204
Note 2
40433
23765
754
180| |---|---| ||**108538**
**79975**| ||8112
16084
45981
67050
12743
23033| ||Note 3
66836
106167
428
408
2221
4214| ||**69485**
**110789**| ||39053
-30814
Note 3
-35732
30942
1053
925| ||4374
1053
54952
19220| ||**£59,326**
**£20,273**| ||-583
-1070
55816
16541
4093
4802| ||**£59,326**
**£20,273**| The accounts are as approved by the trustees. Stuart Moffatt 18 October 2024 4 ## **ZIMBABWE PARTNERSHIP TRUST** ## **ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2024** ## **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
Orphanages
Schools
Net movement in projects|**2023**
**Allocated**
4000
0
250
19239
292
1217
4030
15655
4005
15341
5648
33497
870
18267
0
0
125
2000|**Expended**
**2024**
4000
7437
12052
676
833
12743
6942
13611
5735
28574
10571
4432
14705
0
2011
114| |---|---|---| ||19220
105216|69484
54952| |||35732| 5