Charfty rngl¥tratl¢)n numb•r 1165845
THE NAYAMBA TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE NAYAMBA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
MrT Pe8trldge
Mrn V Pestridg•
Mr J Pethgri
MI L Mayor
Ms H L Honan
MrJ Br
J Hts)wr
O Wnfi•hJ
Charlty numb•r
1185845
Ind•p•nd•nt •X￿1￿•r
H•rtThtt W'r• LLP
21 He4vllrn• Road
12LD

THE NAYAMBA TRUST
CONTENTS
Trustees. r•FQrt
Indepw*J•nt eX￿n*$ (•wt
St•tem•nt ofllnand•l
B•lanc• *w•t
N¢Jte• to th• ftn•nd•l 8tat•m
9-15

THE NAYAMBA TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The TrLMteoJ presont thelr rewl And accwt)ts forthe year orrtS•d 31 2023.
Th• a¢¢ountts have be•n prepared in a))Ndanc* wth thtr ac>>xnting pdiciti¥ Sel LryJt in n¢>ts 1 tr* a￿Unts
and cornpty vAth the ¢harity'$ Cons￿l￿￿On, the Ch¥Mle8 Act 2011 and 'ACtO￿lIng and Reportlng by Charib'e•'.
Statement of Rowmm&ThJgd Pra¢tl¢• appI￿able lo chariUo$ proparing thoir acwunts in w3)rdance with th•
Finandal ReFalng Slandard 8ppticabl• In th& UK and Republic ol lrnland IFRS 1021 {df•ctiv• 1 January 20151.
OblgCtlv•• and a¢tlvlth•
The tharity's oblects *e to adv4Thx guth ¢h•lt*bkn wrpowry (•crnrdirvJ to th• l•w ￿ Ewlantt and ￿10•)
th• Tru$t••8 8•• fft from Ilme to time in partiuJar but nol Ilmrt•d to acfvwcAng th* •Yu¢*tion of young peopl• for
tho puWlc benefit by rn0￿n9 grants lo x*¢)018 and lo knJd•nts. The tharlty shall b￿0￿1 in ￿￿¢u$•r not
ox¢lu8lv•ly, tho powlatkn 8urrouThllng the N•yamba SdKol In th• ch1￿mba reglon of Zambla.
The Trui10￿ h4v• PASd the reprd tr> guldwmx l••uod ty tho Ch•rity comnl1￿on In d&4dlng whol aGtivlilo• th•
¢hadty 8h¢xld undertako.
AGhl•v•m•nts and p•rform•n
Th• achl•v•m•nt• •nd p•rfDmianc• ol th• dwrfty •re •ot tyjt k) thqlmwn'• And tra￿￿ts r•port• that
follow.
Flnanclal rnvl•w
11 IS the pJicy of th• ehaflty thAt unrwld¢Aad ft￿dI V•*Hth ho¥• nol b••n ￿￿19n•ted tr • •pe&Tr •hould bo
mainlalned al 4 lev•1 Oqulvalent lo pjx and rTr)nth'i èxpendrture. The Trustses considern th41
resoni•8 al thls level I￿11 en8urn that, in the event ot a 8lgnrfthnt drop In lunding. th&y wlll to o)rfnu• th•
charity's currwnt activ￿•5 vthil• con8Kl•r•tlon i• giv•n lo way• In ￿1¢h additior￿1 may ￿ Talbtsd. This10￿1
ol m••rve• b•M malntalrnd throughout th• yw.
Tho Tru8l•u hw• •M•sged t1￿ major rtJk• lo whkh tharity h •xpowd. •rAI 4r• that •y8t•m8 In
plac• to mttlg•le •xpo•ur• lo m•jor rkjkn.
8tructUlPi gov•rnanc• •nd m•Ng•m•nt
The charfly is 8 CharIla￿e IncorF￿18(J Oryanl•aUon (CIO). reglst•r•d ¢)n 3 MATth 2018. Th• govemlng
docum•nt 18 t￿ con8111ution •nd 1118 govemed by ft8 ch*ity Tru•ts•8. Auet8 are v•$t•d In th• CIO Its•ll A¥ •
ovrppTate trc*ay, not In Tru•teM p¢i•w•Ny.
Th• Tru*•g9 who wvwj durfry th• yw •nd up to th• dale of *natLn 0ftr￿ finandal •tat•m8nt8 were..
Mr T P88¢rfdg0
Mr8 V P&¥trtdge
r J Pethe￿
Mr8 M P•th•ri(*
Mg L Mgyor
¥HLHonan
Mr J Brook•8
J trknp•Y
A Mackereth
O Wnfi•
IR•*xd 18 Juty 20231
Th• Tr(t8t••8 aro appoSnted and rn))oved by maJth.
Nono ofts Trust￿* hm ¥ny beneficid intere* In the CIO.

THE NAYAMBA TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Backgrnund
Nayamb8 Primory S¢*wl wai fourKS•d in 2007 on Nagwa8a Fann In tho Ctthmb# diotiicA of Zambla by th
f4rm ¢M&rs. 11 estsblished w'marfly as a gthool to educate l¢)¢g1 childron who liv4 wthin the surroundln9
farms and the for*￿ ar•a •rKI b￿aUse of di414￿¢ cost w•r• r#)t ac**88iry any •dLKation.
Vl•lon
It 1$ t￿ Of1￿ 8¢hod founder¥ th•t th• 8t•ndaTd of educ•tlon gv•llabl• to thlldr•n In th• orea is at least
aB good as that available lo tho8e able lo 8ffcYd leè payi￿ sthod$. tt18 also hoped to be able to 8xpand the
hool fa¢ilth•¥ ond, in limo. ¢xeat• th8 ¢)Pp￿un1ty for lo kYOWM• 911 th• w•y through thg •duc4tkn
Ay8lom- from pr•school og• lo beyty)d Mcfjnd8ry Sy.
Ch•lr* r•port
11 li my ￿0*¥u￿ to prnwl the Ch•lf• r•wt for 2023. TN• bwi a y•ar char•rt•rf8•d by tsJnn•¢lon,
long•r-t•mi 8tratoglc pl•nnlno. •nd •u8taln•d
After lour y••rn. t*t*r• we hav• bo•n unth to phygk•lty ￿1￿ th• #(IN)ol to Covkl, rntylng M regul8r onlln•
m8èting8 instéad. we wero overloy•d lo b8 lo t¥kè a team af 12 vo¢unt8OfS to work al t￿ 8chcd. s￿ h•r•
for our trip hlghlighl$. Thi8 Inp w8¥ a wonderful OPF¢)rtunty lo en¢xuraga the sthool Staff and students and
celobrotg 811 the progr888 Ihty hav• madt. ￿ wern al80 to ènrith th•lr ￿rriCulUM vllh crafts, Ngby
workshoy •nd •d•rKo actNill•$ whilg al•0 yDvlding CPD lo twthers ¢)n SLPP)rtirrfJ Mental Health and Te*m
Manag•m•nt particularfy fooJ881ng on Confli(a Resolution S￿11•. S•• our tn'p hlghlights ￿re. (htLoLU
hll•t In country I w4• allo Abl• to rwl wlth h•*d•m•n. And ••nlor 8t•ff and
PTA to evalu3le our ongoing str•tegi¢ prityftrej. li8t•Nng lo th• rthd$ identified by thfj￿ •lak•holder8. l al•0
mel ￿￿th *)Jrrent and pot•nt*al tharrtable partn•rs have exFert18e areas of •o)nomlc and agriwltural
developmonl wth a view to worklng tO98th•r to fijrlher devdop the Commun￿08 swvod by Nayamba sch￿1.
11 18 tho abilty to bè w conn•ct•(I lo the lthool dlrKty and lo th• wder comnwnty that enabl￿ Th•
Nayamba Trust to mak• guch 4 tsrgot8d and wsl8lned imp8d through our fvndlng plan stralegically.Thl•
trlp on? arga we [d￿tiff•d w•s the n••d to 8UPPOrt the 8d)ts)l and rAMmunrty In tac*llng the high 1gvel$ of
toen proon4nde8. Thia 14 4 complex. MU￿1•￿18d th•llonge aL¥o¥¥ tho o)unty c*>nftl¢*ng opiniixli
r•garding approac￿$ and wlll ¢on*nu• to ￿ a hi9h for Th• TrLMt
Th18 year w$ hqve b8gun fvnding enrkhment c4mp8 for arKI to reward gc#)d att•nd•nc• and
commitment lo $¢hoollng 48 well 4• proMd• a pLqtromi o(kKating in the￿ J•n•itiv• *r•As. W• h•ve also
Idded a sthool reward sthem8 w8J fv sthcol to r8iw up c•lebr•te rc4• modeL8 who ar• committed to
th8lr18amlng a¥ well as Invib'ng fema￿ rok• mc*Jel8 vtho hav• stsy¢d to th&ir 8¢ho)Ilng, to SFwk to
th• stud•nts. have •180 intrOd￿d a nv4V scholarship prcgramme to •ncx)urag• #udents lo rnmaln In
educatbn post Gr•Je 9. In 2024 w¢ hope lo wppryt the schod in a tespoke enrithmonl cyjrriculum that through
loamer centred ertgaging acthtl88 and d18￿5￿0r￿ ral8e as￿rat￿8. tathje tox￿ 8tgreotypes. and
•ducate8 0118tudwt$ on al￿11n0 18mt ri8ks and r•athlrvJ th•lr Wontial.
EduCa￿On￿ty the achool h98 bo•n I0￿￿r￿j on ￿￿￿11$hIng l)oth a phtiTMC• progr8rrn* th￿g￿ul
all grades and 4 robust annu41 lor mnitorfrKd •ThJ feedbxk wlthin the Slaff tgam to Inyrow standard8 Sn
te8thlng and l¥amlng. Earfy In th¢ year. many thlklren in the ￿rr￿ndIng ar•a8 wer• h1•ntffied 86 not attenthng
any sthool locakn. u￿ik0 governff￿ 80kn18, Nayamba ¢yrates a M￿m￿M da88 of 32 and do not
have capacty for new *ud•nts. It18 h)p•d that vn ¢an ¥xpand ¢4p•)ty by vrtxkirvJ %Mth oth•r pafthers to
•XP8nd 8¢ho)ling proVI￿On In the nthghbourirpJ tDre8t 8th￿1. It wa8 al80 ob¥•rv•d Ihot a per¢ents9e of the
¢ommunty 1$ trans￿nt and n+N studwrts may iCAn Nayamba ts older gr•Jes whèn thoy have moved to th• ar80
but have n•v•r 8ttended ￿h¢￿)I before. Thi8 18 a ¥ignrfic•nt (*￿I￿nge to dass te￿h8￿5 and has 0 big impact on
the ragt dtht dals 48 well a8 lo%**ring th8 Trvkn58 of the cknikl who ￿1$0 V•ith 8uth 8 lafge108mirrfJ gap.

THE NAYAMBA TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A8 a result, w• have fvrAted gtaffiry and r•80uwA fc¢ an l••mw FWOgrnnThè. d•lty ￿11 groltp
Intervèntion in literacy nurMraGy lo ￿1p new c4der ￿arnerS master the basics as quickty as possible to thrfv•
for the re81 oftheir Scho￿Ing. ￿ were 80 pl&atsd thatAnn and Chart&8, UK volunt80rn. were able to give 7
months to the sdwl to 6$18blish thi• Ind 4)thef Inlll&trv•B thra yw.
Hlslorl¢atly. Nayamba has had an •Stabl￿tted tr)re te8m ol 8t*ff but found It rrw• thlknging lo *ablliJo o wld
staff l•am, ￿th many 8taffing change8. HIY*￿￿, th18 ygar stafflng h86 been mud> o)nii$tenl. Th18 1$ In
part to th¢ ?chool'# ex¢dlenl leadmhip in part du• to l1v￿￿ed 8al•ries, T￿oUr￿6. tralnlng opportunI￿e¥
arKI1[￿n9 CondItt￿¥. Thi8 •nable8 WF418 to from th• tr*nlrY4 •rxl In￿Stme￿ y'¥•n to teachrn.
As you wlll see from our ITeasurer'¥ rep)rt, w• remain in a Im fi￿￿¢)01 poortw￿. I would Ilko to pe1￿011Y
thank all th￿* who ha￿ glven gentr￿Sty lo th8 xhcol to enable w to ￿ntInUe to mak• Buth a d￿r￿n￿ lo
the 350+ childrgn and th•lr famili￿. Many ofth•8e appgar in wf tr08eurer's r8pDrt but on• that was particularly
ealive a new pgrtnership Ex•ter Chwfs R(uby Club. Ong of our volunt•èrn. th018 an avld Chief•
lan, t¢ok out $pon8or•hlp through th¢lr *y*m compwy. for onts of th•ir ￿•Y•r1. R¥ther Ihan u*ng thlj pl*tlorn for
th•lr ¢¢mpany'• pl¢n￿lIOn, they donatad in klnd th18 wonde￿1 Flat1￿7 to N*yamba and w Nay8mba Sthool l•
now youdly promoted by ￿ Exetor Chi•ls. hélplng us tell ￿ 8kny orKI syead the of thè kncrndibl•
Ildr•n •nd 6t8ff at Nayamba.
In 2023 1)ver SO% of tyJr eXpend￿re, arKI by f•r our w••l•it s)xl wt fc* ￿larI•l our fcLxI wDw4mm•.
We have al￿ Inv••t•d In an overhaul of the 8dwl ￿￿wi•￿ to ￿Wre a V**￿Ie da•• al 4 ts'mè •re able to
acu$8 hand• on l•aming 16 working MmkWt•rn. kn kY•vknu•ly m8nJoned. Inv88tod In annual glrf'$ and
boy's ￿mpl, a schcd IneoMiv•s s¢h•me and x*wlarBhip• tr a￿deMIC Jtudents groduotlrKJ Gr*1• 9. wh•r•
Nay•mba ¢urr•nlly •nd8. Our pr•athcd p)t of ftJrKlin9 from th• pr•viou• y*Ar vms allo¢ot•d to bulld fvrth•r
l•achw *c￿Mm¢d•00n Jo ltst we •mF4oy ¥ full Um• q￿lIfl•d Earfy Yearn practh*Mrfor both pr•lL#￿1
and rocepllon $h8rn th• 8aM room al drff•r•nt tim&• of th• day. Th58 1•oth•r'$ ￿lary for th• y•*r w4$ also
taktn fn>m th1• rel￿¢1•d fund. Rwnainlng fund8 ¥•￿ nO￿d to upgr8d• our ￿l￿n¥ w&ter prov1￿0￿, •nL4r9lng
th• tsnk •nd •tand •0 w4t•r v)uld bo 8tornd to c*mwiMte br da￿ whore ￿larw￿ not •n¢xwh to cover
walor d•mAnd. h•va also L¥>v•r•d 088erfal r•p•irn and m￿nte￿nc• to the wi• •nd c4)r• r•toura•J for th•
d•uroryn8. One olour donorn fuThJ•(l • Buffalo BW for our c•r•trk•r to be 8bl• to trav•1 lor errand•
mor¢ easily.
In the UK, for our wvemance, we werg dglvJhtwJ to ￿lCom• thre• now TrLt8t8e8 to our team. bas•il on the
ba18n￿ of S￿11* they brtng. Th•r• wo8 al￿ 1 Trustee retir•m8nl at ourAGM due to Irv￿91n0 f4mlly
mmilm•nl8 Thi8 Trust89 had also been part ot the Trust 8hc• Tts formallon and 80, 81 per our pc41cy, woukl
h•v• $oon n•èded to tAk• a y•ar bmak ## Tru•t•• b•for• b•4n9 ¢onoid•r•d for r•appG4ntm•ni
Flnl8hlng 2023 In 4 thg po¥rUon our2024 prlorrtlo• WIH b• thr••fdd..
1. to ¢ontinuo to •U8tain th• progr•￿ wlthln the adwl. tac*ling th• •du￿on81 rawll•ng•$ fgc•d tl)rough
th• 4rx8lffat•d l•am•r ar¥J Who￿ 8o)rA phortc8 prooramme, Nsing hoFe irdfjaYve8 lo ke•p all
¥tudonts In xlwx*l, SEN tsainir@ and Menlal Health I PSHE be8poko curyi¢ulum dtsvelopm•nl,
2. To en$urn w¢ Gan BUFPOrt cor• xhod u)•l• ts 12 Tr￿1th* ty •thuardwig against Guff•ncy fluctLF4tion•
through inueased r•￿TY•s.
3. To fund the ngces8ary sthool expansions to buikj capaoty for •xpandirvJ into Grgde 10 to bo In Iln• vAlh
changing aTrJ exarnin•tsc418tag88 proF0￿ by th• Zamtxan govemmont for 2025.
My he9rt1•￿ th*nk8 to •veryone vtho L¥rn8 8ttyJk this W￿nderfUl xh¢¢4 ￿*ther you give yourtlm•, en•rgy,
ftn4n¢X$, 8killB. or vd¢o to help promote U8. we couldn't do what v* do, %%lthout y￿r hèlp. H8ving ￿91t•d th•
achod thi$ year. l Can assu¥* you, l am in no thbt that you wo i*anging INes for the b8tter and wo can only
bogln to Im8glne the taffterence the leo8ty r4ant•d Inb) t￿h of our students wll make in ZartN'a. Th*nk you.

THE NAYAMBA TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trw8urnr* Roport
Thls 1$ rry Ilr¥l rryort ￿ trea￿rer •rKI trL*tsb ofth8 Nw/on*4 Tn*t and I hav• bwi ddlghtsd lo volunl••rto
$upp)rt th• •d)tr)I In Ihl8 way. My thanks go to wevious treawrer her fantssllc stthvardshlp ofth•
ac¢ounts whith ènsuifjd wg wero ￿ • $owre flnanud Fowtion St the $18rt ofth• y¢Ar.
Orn olour prfodI88 forthl8 year was to Ilnd addftlc(Ml to Jupport tho sdwl. aro dellghltd that,
•long8ld• Ihts John Ca8$on Found•tion, who cx)ntinu•d to ¢￿trI1￿ twrds tsvo ts•ther 881•rf￿. Njimba Fami¥
have al80 ￿ined In C￿bu11n9 toward8 furthr s*ath. Njimba •re A * enylw In the ar•A aNI roiwty
80 chlldrgn of their emF4oyeo8 att￿d ￿ 8choc4.
Tho 8chcol hw• aloo b••n ￿￿<••¥1￿1 Irt re￿1￿j sm•ll r•wurdng gr•nt• from Ic*>l qovemmnt and g1grg0
c•pltal grant from Bell Trust to develop mud) needed. ¢MF*le acs)mnTrJdatlon for ryjr •ppr•nts'cfr• of th& Trade
Centr•. The Nayambo Trnde ¢•n￿ li n¢YH seW-su8taining, covering it8 Salary oi•ts arhl malfjsial8 from tho
profits ofllbms made. Th1$ year tho C•ntre has reinv8s¢•d profits to expand and matsrialj and
equipm•nt to •yp4nd (¥JW to & that (*n ￿ more rKofft#blv.
Our maln fundralslng project ftr 21723 wa• Gw campdgn Wh￿ rai8•a £8340.52 and, th18 oIIoc41•d
tN8rdg our cor¢ runnlng co818 indudlng a{1d￿onal inve8trnwrt in wr and 4ri¢ultur41 proj•rt
dov¢loprn•rt at the •dKol.
N4yambA Tru￿ h•• al•0 r•c4vp•J 81gnffic4nt (*x)8YM• from p•vJon•l donor• •nd 9r#nl gfving bodlM.
W•le 80 gratefijl for th• aw•r(18 Of £50(Kl from tho F•rthlng Tru8t, £1000 from tho Franklln Trusl. £500 from St.
Matthew's Church and £480 fr¢m Plorth•rd 8l$hop Methodljt Churth. r•ly ￿￿•v(lY on Indfvldual6' gen8roJlty
#nd would lik• to Porti￿lartY thank sig￿ & DavKI for twr £4000, Salty lor hor £3500 and •nonymou$ dor
who ggw £1000 re8Feth•ly for our ￿trY￿S and r•Jour(x8 fry our visit. w•r• 80 mov•d to hav• £1408
donat•d In m•mry ofGrahAm P••trtdge. • lortrtemi $uPF￿rtef olthe xhool who di•d In Jun• 23.
are d••ply thankfi￿ lo tho•• 91￿ •*th m¢)nth to ￿1P c*)r• eo•t•. r•gular donors h•lp
UJ b[￿98t ahgad ￿th grgater confld8nc•, knowwhg vth8t regul•ty P￿9•d. At the •tart of 2023 we
had 41 r8gul8r donors 9l*lng * lot81 of £16,V20.00 and by th• end of the y•arv•* W 43 rogular donorg gI￿n9
totol of £18,540,00 year. Over th• C4)Ur￿ ol ￿ year %WJ N)st a QJUF4• of doTr)rn forvarfou8 reag)n, howevor
w• wer? lo add four new dorK*rn and th•4r addillond (kThborA trnant u• M•lr4 an Ir￿￿¥• of £1620.00
p•r y•*r.
Overall. th• ¢h•rtty 8L9rt•d th• ye¥wNh £72,224. In(x)me {nu￿ad by 21% to £51,222, eX￿dItuT0 allo
Intr••￿d by 2146 to £47.467. Thiè r••ylted in • t)8t aUFF4uJ ¢r￿r￿ over exp•ndttur• 01£3,76J maklng tn• y•ar
•nd reserve$ balanc• of£75,989. (For a bre4kdovm of h¢yN morMe8 hove boon sp•nt so¢ c*•lr'•
r•port.I v4ithln th18 b•1fjTh￿ we h•w £25,056 F4•d9gd lo th• to lye r•l••wJ a• r￿Ipts are 8ubmltted for
agreed èxpons88.
The1gv•l of unrestrithd re￿￿89 r*main8 Wthin thè 8- 12 n￿nth OFerfing •xpondrture l•vel8 8et in tho
artty's regeNtB poly. The Trustse8 fo81 that Ihg GurrMt of¢ath r¢pre#ent8 a r••sonabl• PrUd￿t
level of rfjwr￿ golng forward.
In 2023, due lo the high lov918 01 Infi•tion wihln Zamb¢a. took th• dècision to off•r a ftirther $8lary Int￿0￿ to
our 8tsff. DL59 10 the ￿TTent exth4nge rnl• th18 rKI yet rosuw In an Inma8e In our operaténg c08ts but.
8hould th• kw41cha rotym to Iov+Wt Tate In 2022 of ZMK1741 thi8 WQLld intrea8• ourannual ts)sts by
£30,000.
ilst the Nnning Oft￿ c￿rrtY Vlilhin UK are ffinimal in the cryrt•xl crfth• inwn• r•cON•d, the
Trustee8 feel tt i¥ vrf¥l to m8lntsin ￿ 100% fvnthn9 pledge to donors. This promi8e5 that every penny of e￿ry
don*Son thal o)mes lo our %r4Junt w to help the sc**oDI no d*Auctions for adminlstration costs or
marketing elc. To meet thls prornlsg, the Trustfjos nHke personal donations to a dedic8ted admln fund to cover
the running costs of th• charity. Ihis year sp•nl M insurance and tran8f8r fee8. In add￿On to this one
trusteg 0190 don8les subsulp￿0n• for ￿￿Ounti1¥j Sor￿rn thrngh Sage file storage through Eyopbox aThJ
another our ongotng website hosting fee8.
Our 5UPPJrters ond donorn have told hLYW Ir￿rtant the 1(MYh pledge is to thom 4ThY the Tru8teeB arg
Committed lo maintainln9 ttie m¢Jdel goitYJ foThv*d.

THE NAYAMBA TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
Tho TnwIfj￿' report w4$ approvod by ts Bo8rd ofTnrnleo8.
Mrn V P••trl
Trust

THE NAYAMBA TRUST
INDEPENDEwf EXAMINER'S REPORT
TO THE TRUSTEES OF THE NAYAMBA TRUST
I to th• Tvust8e8 on my •Xthnlti￿ of th& ststwngth of Th• Nayamba Tru81 {the ch8rity1 for
the year ended 31 De¢•mber 2023 w*lch ¢J)mwi8è tho Statement of Flnandal AL*wti'èB. the Balance Shèèt
•nd r•loted notes.
Thi$ roport 1$ mado ￿lety lo t￿ tharfty'$ tru8tee8. a$ a t￿y, in ac4>Ndarxe 7WI 145 of the Chgritle¥
Act 2011. My work hqs bg•n und•rtaken 80 that I migm stat• to ¢harlty'8 truste0$ tho$• mattors l •m
r•qulred to 8tOte lo Ihfjm In thi8 roport ond no oth•r purpos•. To th* fulleBt extgnt pemiltt•d by law, I do not
•c¢•pt or assum• r•8powbtlity to anyon• oth•r than tho tharlty and the biJ8t•08 ￿ a bodj. lor my
worf(. forthis rnport cf for th• cpinbns I havè f￿￿d.
R••pon•lbllltl•• and of r•port
As the Tru8tees of the tharily you are rosponslbLg for the Pr￿ ofth• tlnandal 8talthn•nts in accorda
th thg rwulrements of t￿ Ch•nllg4Act 2011 Ilhg 2011 kl).
I report In r•sp•ct of my •x•mlnation of th• th4nty'8 fin8ndal 8tthments Carrf￿ ¢>A unO&r Section 145 of the
2011 Act. In carrylrg out my 8X4n￿n*tk9n I hove thg ¥p￿kOble Dlr•&kn* 9fv￿ by th ChArtty
Commlulon under secti¢￿ 145{5Mbl oflh• 2011 Act.
An lfid•wd•nt •xarrin•tk*n do•• not Invol¥• all th• •thd•nrx thal Vlruld h r•wlr•d In •n audli 4nd
eon8equenlly does not cov•r ￿1 thè m•ttern that On 4￿rtLy l￿￿dorn in gNir4J th￿1 opinion on th• fi￿n￿lI
Blalements. Tho planning and condLtct ol an I￿11t go•8 t*yond the Ilmw amUrar￿ Ihat an Indopenderrt
•xamlnathon con pwdè. Conwuonty l exprw no opinK•n 0$ to whgthw th• finAnc441 $talements pre88nl
Irue and f8lr' ￿•W and my r•port is Ilmtted to speafic matters * (Nrt In the ind•wnd•nt awinw'$
•ta16m•nt.
Ind•p•nd•nt •xMilnrf• •tstsm•nt
I havo complthd my ￿MInatiOn. I confim th•t Th) mattern C•)m• to my allI￿on ts) winecllon w4th 1
omln•llon glwng m• c•u#e to b¥lev• that In Ary mth81 mp¥ct
a￿ount￿n9 r•c¥rdi wer• nol kept In regpe¢t ofth• dwrty as requ1￿1 by 130 oftr* 2011 A(*.. or
th• flnond•l 8lalemtrntJ do ntx •¢x#)rd wth thoBe rwd$," or
Ihe financial statem•nts do not ¢ompty wtth th• opp1￿￿* requlrem•rrt• ¢ttnmlng tho form and content
ol &C￿unIS Set OLrt In th• Chartts8 {Ac(x1￿ts ¥nd Report8) R•guI•ts'on8 2008 oth•r Ih*n any r•qulr•m•nt
that th• aca)unts gbv• • tru• and f•ir ¥l•w vthlch h not * m•ltor Cry￿r0d a• of •n hid•pend•rrt
examlnalon.
I h•ve ng ¢orrtms and h•v• come *¢rn M othBr matt•rs in tt)nnxkn wlth th¢ ox*nln•ilon to whi
attention should b• dr8Ym In thi$ In ￿d￿r lo enth 8 Fwper und•r•tar￿1ng of thg fftngnc4al statom•nts lo
b• re4th￿.
Jam•8 R Bgnks FCA
H•mm•tt Spire LLP
21 H•*vltre• Road
Exoter
Dèvon
12LD
07

THE NAYAMBA TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
T•)tal
Total
fund•
2023
funds
2023
2023
2022
Don&llon8 and l•gad
41,525
9,897
51,222
42.282
Charilablg actlvM•$
21,912
25.343
47,25S
39.071
Other
202
202
30L5
Total r••ourc•• •xp•nthd
22,114
47.437
39,376
Not Incomlngll¢utgolngl r••our¢M b•for•
tr•n•l•rn
19,411
{15,8481
3.785
1908
Gro•e tranth botrNwn fvnd•
{8.9891
Pl•t InG￿•1{•XP•nd5tvrn1 ft*r th• ymrl
N•t mov•m•rt In fund•
(22.815)
3.786
2.908
Funej bpJanLX• at 1 JanI￿ry 2023
48,822
23,e02
89,318
Fund balan￿* at 31 DK•mb•r 2023
75,002
75,989
72,224
Th• •talwrnnt rf fln•nd81 Indude• all gainj WKI lo1•￿ r•c¢4nlMd In lh• y•Br.
rh• *t4t•nK•nt olflnand*l Indud•• All loM•• r•wnl••d lft th• y••r. Al Inoom• and •xp•ndllur•
d•rfv• trom ￿tinuIng •clvltl•8.

THE NAYAMBA TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Curr•nt ••••ts
Debtors
Co¥h 91 bank and in hond
4.192
75,530
72,224
79,722
72224
Crndltors: amounts f•lllng du• wllhln
on• y￿r
(3,7331
Not current
75,989
72.224
In¢om• fvnd*
Rostrfded fvnd•
10
28,802
D8signat&d funds
General unre8tffj¢t•d
1190
72,812
2,111
46,511
76,002
48.822
76.989
72,224
%. l A.1 i.*....
The #(xounts w•r• approvod by th Tru•te•8 on ..
Mrn V Ptslridg¥
Tru•t••

THE NAYAMBA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcl
Charlty infomiath
Tho Nay4mba Trust 18 a Charltth Iricrypryth 0￿￿￿•tion.
1.1 Accountlng conv•nllon
Th• financ4al 8talom&nts hav8 bwn pr•par•d kn acoJrdarK• wmh Ilx dwrilY8 gov•mlr4 dt￿lM0nt, tho
Charttifjj Act 2011 and 'AccounflrvJ *TrJ Rep)￿"nI by Charfl•8'. Staloment of Recomn￿ded Prartic•
8ppllcable to (*8r¢b'e8 preparing their a(xwnts In 44Y4Jrd8nc• with the Fingwal Reporttng Standard
applicable In thè UK and Republlc of Ireland (FRS 1021 {•ffectsv• 1 January 2019).. Tho charfty 18 a PuNi¢
Benefit Entity •8 deffin•d by FRS 102.
Th• chadty ha8 t8ken advantage of th? tn th• SORP lor ch•rffje8 apptylng FRS 102 Updakn 8ull•tin
1 not to pr•par• a Stat•m8nt of Cash Fltrln.
Th• flnandal 8ts1om•nts hw d•p8rt•d from t￿ ChArili•8 {A¢￿Unts And Roportsl R¢gul8Uon8 2008 only to
the oxt•nt r•qulr•d to pr￿dfj a tru• falr vthv. Th1• d•p4rtur• invow follovhng the Statement of
Rocomm•nd8d Practi￿ for ckn•rth•8 apFtyINJ FRS 102 rathw Ihan t￿ ver81on of th• St8twnènt of
Rec¢mmondod Prac*1￿ whlth18 referred to in th• R•gul*tions but wlmch sin(xi boen wllhdrnwn.
Tho )Inandal 8tstem&nts are prepared in ¥t•dlng. whlth Ki th• fw)ctknal of th• ¢Wty, Mon•tsry
amount8 In th•80 fin8fflckg1 staterrrfnt8 are Tounded to n￿r•$t £.
Tho fln8nd•l statwmnts hsv• b•en prep4r*J under the ￿￿e•l cost c%Jnv•nUon. ImdM•d lo I￿lUde th•
rovalugllon of fre•hold proyrtl•8 8rKI to hdude Inv￿trn￿nt prof•￿•* and ￿rL91Th trlnanclal ￿n￿tr￿n9nts •t fAlf
v•lu•l. Th• wn&pAI #cawnlng polN* •doO•d ￿ #t bokx.
12 GoSnq con¢•m
At th• tlme of Appro￿ng #c£1￿n￿, the Tru8te•8 hA¥• • r••￿b￿ •xp•rtatton that th• thgrfty hats
•d•quate lo Cont5n￿ in opwalonal fjxl*oncé for th• fwe•abkry futur•. Thus th• Trn41tg08'
nllnu• lo adopt th• gdng bo81• of*)?￿nI1￿ in w•parlrg acc￿.
1.3 Ch•rltabl• fw
Unre8thct•d fijnds we w•il•t4• for at th• ol th• TruBta8• In fvrth•r•tx• of th•lr ¢h*rn•bl•
oblgCtSve$.
R•stdcl•d funds ore w¥ect to 8p•dftG C￿d￿lon8 by donorn or gfanth a$ to th•y MAY b• U￿d, Th•
purpo808 and u••8 of the re¥trKted ffijnds *e ••t out In the notss to th• fin•nd•l ¥tate￿nI8.
End¢Jbwn•nt l￿di w• to •p•dn¢ i*rh*ilon• ty ¢*xw• tr•t th& ¢*tsl hxMI b• malntsln•d by th•
charfty
1A Ineom•
Incom18 rfjcognl$ed when the i*arity1s18galty to it after ony p•rfrrnTrx Cor￿MI0n8 have b•on met,
thw onl)L￿ts can bo mwJurgd r•lWy. arKI it l• Prob*￿0 tst Incthrn be ro¢•Ned.
CaBh dwgtions 8re le￿jnis￿d on Othw donaiong ￿ rthxgnis•J On￿ the tharity ha8 b•gn notmed
of the dcnation, unlo$s porformarth condtions require defenxl of the arr￿1Th￿ Income tax rocoverablo In
relailon to donation$ recewed under GfftAid or deads of o)v¢nant Is reccgnised at the tim& ofth8 donation.
Log￿8 ar• recogni$￿ c4) re￿Ipt or If the has been notined of ￿ iilwiding dbthbullon.
the 8mtyJnt is knrmn, vthd receipt 1$ oxpected. If the amtyjnt is not knMI, the legacy 18 treated as a
contingent a89oL

THE NAYAMBA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounlng polkl
{Contlnu•d}
Donattrj oJod$ ￿ servlces for resth •re r•cogn18ed ￿tY ¢)lstrlbut&l. AJ#ets given for u88 by th•
oharily are re¢cgni8ed re￿Ivable. SeNfM and tim8 gwen by voluntser? are not r•Cc¥nl￿d. Stocks of
undlstrfbtjted dthmted good8 •r• not valu•J for Wanc* sh8•t purpow•.
1.5 Exyndltw•
Ex￿nd￿re 18 T8cognlsod there [8 8 legol or ts)nstr￿ rtllgotlon to tran8fèr Kmomk benefit to
third patty. it 18 probable that a tran$f•r ol ￿onoMIC beneffts wll b• reouirnd In sotugmenl, and the amount ol
th• obllgatkn c*) b• m•awr•J rnlw.
ExF4ndttur• is d•s8M•d by 4ctivity. The costs of •K* ac*"vlty ars nwdo up of of dIr￿t C08ts and
$hared cogt8. Indudlng support o)8t8 Involved In undértakino eath xtivlty. Dlr•d costs attrtbutaLl• to O 8ingl•
•¢b'vity are allocatgd dlr•¢lly lo that aclpAty. Shared costs **thlth corrtrfbuto to more than one acUv*ty and
8UPPOrt tsJ8t8 whK* not atrlbLrtabl• to a •clNty •r• 4r4)ortion8(I botwe•n th089 gdlvltig8 on g baBIs
¢onsl8tsnt wlth the use of ￿￿Ur￿l. Central 8taff g)sts are auocated b•8iJ of Um• spont, and
•prnaation ¢h•rg•• arn on ts porllon ofth• aM•V• uw.
Th• gward of • gr8rrt la recoonhed u • 16abilty onty vh)on th• ¢thria for • ￿n•trUth& obllptson ar• m•1,
paymont Is probablo. It CAn b• mu•urnd rdJ•bly. •rKI thw• or• no ry)rKlitloM attK*lTrJ lo ft• PAymanl th&t
mll il* recogn￿tsn.
1.8 Ca•h #nd ca•h •qufval•nts
Cash and ￿$h 9qU￿all￿15 ￿fjh In h8ThJ. h•ld At wllh bank•, othw 8PttY￿t0rni Ik4uld
Investments Trmth original maturi11•8 ol montrA or IM8, b•nk D￿rdraft•. 8•nk overdrth are I￿n
Ilhln bO￿O￿ng• In currerrt Ilabil￿oI.
1.7 Flnancl•l In•trumonts
The ch8rity h48 dectod to 4ppty th• ml•loM ol S•1kn 11 'Ba•lc Fln*K*I Instrum￿lts. •nd S•ct4on 12
'Oth•r FinAnd*l In•trum•nts IMu•J' ol FRS 102 to •ll of 6t• flrond•l ir1•truff￿1s.
Flnanc4*1 instrwn•nts or• r•c4nl••d In bAl4nt* Jh•ot th• ch•ty ￿8￿mM to tho
contr#¢iu•l proviiiong of thè in•trum•nt.
Fln•n¢*41 ass•l$ #nd liabllib•8 aro offML th• n•1 amounts pr•￿n￿ In tho finanaal 8tatsment8. w￿n
ther• l• a1•9glly enforcea￿¥ rigm to Set off rwn6ge(l amtyjnts and ther•18 an lftt•nt•on to on A n
basil orto rnali•• th• a•••l •atd• th• Ik*b6Mty ￿n￿lIa1￿M￿.
8a&¢ flnand81 4888ts, wfikh indud• tsbtors WKI ￿sh and ￿nk bal•nce•. ar• Inttially m•asur•d 8t
transackn prKe induding tranS9th￿ o)Jts and grg •ubwu•nly ￿￿1•(1 al amrti*d D)st wlng the effective
Inler•¥t nxthcwj unla8s th• 8rr•ngemw# o)rtstitirte$ a financyng transadon, wh8fg the Iran$adon 18
moo$ure(l ¥t trte preggnt Val￿ of the ftrtwe receipts 1*9c￿Jnl￿l gt a mwket rnt• ￿ k)l•r•8t. Flngnd¥l •1$ots
cla$$ifi•cl as r•c•ivabt• vllhln onè y•*r 4r• rth •morti8èd.
10-

THE NAYAMBA TRUST
NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng poll¢l
Icontlnuedl
84•lc Iln•n¢lalHabllltl••
Basio finand41 IiabllrtK*s. induding ryedltor8 and bAnk kMn8 arn inill*ty rec(wi*a at tr•n8action urdo89
the arr4ngem•nt constth$ a finanors tra￿a￿On, whwg the debt inslnrnnl 58 m805ured at the pr•sent
value of firtur• payments discounted at a markel rate of Interest. Financaal liabil￿0$ d48sMed 88 payable
wthln on• y••r are I￿t anKYU••d.
D•bl In•trum•nts ar• 8Ube•qL￿nty c•rvfjod at •mcffU••J colt. ugiry tho Off•L*￿ Inl•r•st rnt• m•thod.
Tradè ar• oblig015on• to pay for go)d• or that hov• bw¢ acwlr•J In IIKI OrdIn￿ eour8• 01
0porn￿On8 from OUPF4iers. knwnts wya￿• Jr• d•s8ffl•d ￿ ￿Trent lialxlths rf p•yrMnl is du• ¥￿thIn on•
year or b88. If Ml, they Ire pre80nt•d a8 non4>Jffont 11gb11￿￿. Trade u8ditor8 arg r8w4ni1od inltiamy #t
lrnrMdon pilc• •nd aub8•qu•ntty m••o(mt •t aMCfl￿ colt U8lng th8 •ffeclv• Inteml method.
Der•¢ognldM of fin0n￿l H•lhYhl
Flnand•l I1•bIl￿o8 •r• d•rwnl••d Vlkn tho tharltyl contrac•J•l oNlg•Uoni •xpirn ry 4r• dkn¢h•rg•d or
tanc•lled.
1.8 Employ•• b•nofits
Th6 ¢081 of any unus•d holld•y •nuu￿ l• rncognlM4 in tho P•ri￿ In tha thnplty•*'1 1•rvt•8 •r•
r•¢•lv•d.
Temilnatlon b•n•fll8 are Imm•dl4tdy a• an exp￿$• when thè th•rfty l• danw￿1r*tfy ¢J)mn*ttod
to l•rmin•te the empIoyw￿t o14n or to berth.
Incom• from don•lloM •nd l•wl••
Tolal
fund•
2023
nd•
nd•
2022
fund•
2022
2023
2022
Do￿tiOnS And glfts
41,525
9,897
51222
25,199
1Y,083
42.282
Exp•Trdltur• on charltsbl• •c¥vllO••
Charltabh Ch•rltabl•
•xwndltur• •xpondltur•
2023
2022
Dlr•¢t ¢o•ts
GMI fundlNJ ofac*viti•#1809 th 41
47,255
39.071
Anal￿1¥ by fund
Unr*strithd fund•
Restri&¢d furMI8
21,912
25,343
11,154
27,917
47,285
39,071
11

THE NAYAMBA TRUST
NOTES TO THE FINANCEAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Grani• payab
2023
2022
Grants to Ir￿￿u￿on8.'
y#mb• Sthool. d8WQWt and bL￿kIng•
Nayambo School- ts•therl8tud•ntllood
Nayamba School- re80Lsrce and other
Nay8mba S¢hool- Tradè Centr•
NayRmb• Sthool. proJ•ct
13,513
23.160
2.125
1.287
7.1K¢
11,154
27,258
659
47,255
39,071
The ¢h•iity •n8urns that It￿% of public dc¥th• w dlrffty to N•y•mb• to iupport ￿ work to
tsellv•r Its ctharlt•bl•
Non• of th• Trust￿1 (ty any ccnnecl•d 7hth ltrwm) r•cd¥•d any rmin•r•tbn or Wollts frun tho
chath durtng th• y••r.
Employ•
Tho average monthty numbw of durfno th• y•ar W￿..
2023
14umb•r
2022
Numb•r
Tot*1
Thern wtrre no empSoy•M arrwal r￿Un¥31￿ was ftK)r• than £80,000.
Taxatlon
The tharjty 18 èxempt from tax on inoyw and gains f•llir¥J wilhin 8tt*on 505 of the TaxosAd 1988 or sethon
252 of the Taxallon of Charg94bie GalrnAd 1992 to th• axt•nt tr￿t th•w are applled to It• th¥rltable tsbJ￿.
Oobtorn
2023
2022
Am¢)unts fAlllng duo wlthln on• yw.
other d8btor5
4,192
(Jhar debiors (x)mpri8ed GiftAid recavth at the year efKI.
12-

THE NAYAMBA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Cr•dltor•: amounts lalllng due T*lthln w ymr
2023
2022
Othor ¢xgdltorn
3,733
13-

THE NAYAMBA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Anal￿1* of n•t ••••ts b•t*Y•n thnd¥
Unro•trlct•d R••trl¢t8d
furx
2023
Tot*1
2023
2023
At 31 D•¢•mb•r 2023:
ur1￿1 au•tslllwbllit*)
75,002
75.989
75.002
75,989
Total
nd•
2022
fund•
2022
2022
At 31 D•cOm￿r 2022:
Current asS•Wlli¥bjl￿olI
23,802
72.224
23,802
72,224
12 R•fat•d party tran•actlo
Th•r• %wr• no dI￿o8￿ble rnlat•d paty tr4n•aclkY* thArvJ th• y•ar.
15-