Ch2rlty registrktion nurnber 1176854 {LDglalld and Wales) MONTGOMERY HEIGHTS ZIMBABWE CHILDREN'S FOUNDATION (CHARITABLE INCORPORAI'ED ORGANISATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEIYTS FOR TIIE YEAR ENDED 31 DECEMBER 2024
MONTGOIIF.RY HF.IGHTS 7.IMIIABWE CHILDREIY'S FOUNDATION (CHARITABLE INC.QRPORATED ORGANIS.4'1'10N) LEGALANDADMINISTRATIVE INFORMATION Tru$te¢$ N Mallett P Conrath¢ M Proud D Gaisford M Taylor J C Eames Charity number (England 8nd Wgle51 1176854 Independ¢Tht ex*mloer Aff]# 3rd Floor Chanccry House St Nicholas Way Sutto Surrey SMI IJB
MONTGOMERY HEIGHTS ZIMBABW'E CIIILDRLN'S FOUNDATION (CHARtTABLE IIYCORPORATED ORGANISATION) PAEe Trustees, Te]x>rt Indcpendent examiner's report Statement of financial a¢tiviti¢S Balance sheet Notes to the financial statements
MON'fGoMERY HEIC.HT.S ZIMBAIIM.'Tr, CIIILDREIY'S FOUNDATION (C.'HARITABI,F. INCORPORATLD ORGArriIS.4'1'10N) TRUSTEES, REPORT FOR THE YEAR EIYDF,D 31 DF.CEMBbR 21124 The Trustees present their annual report and financial statements foT the yr ended 31 December 2024. The finan¢iaI statements have been prepared in a¢¢oTdanGe with the accounting ptsliGi¢5 set out in note I to the finanfjial slatemenls and comply with the charity's constitution, the ChaTitics Act 2011 and Accounting and Reporting by ChaTItI¢5'. Statetnent of R¢cointnended Practice applicable to ¢haiities preparing their accounts in a¢coTdance with the Financial Reporting Standard applTcable in the UK and Rcpublic of Ireland IFRS 1021" (effective l Jatjuary 20191. Objecttve8 gnd getivities Thc PTiTnary objects of the CIO are foT the publiG benefit, the relief and asgtst2nce of children and young people in Zirnbabwe, in particular children resident at Montgomery I leights Christian Care Centre. The Trnstees have paid dye regard to guidance issued by the Charity c0misSion in deciding what aGtiwti¢s the charity should undertake. Athiev¢meuts and performance FiDanti#l review The charity received donations and gifts during thc year totalling £128,858 12023-. £141.735) and donated £147,147 12023.. £137,262) to the Montgomery Heights Christian Carc Centre it) Zimbabwe. AfieT 5UPWrt costs and expenses of £2.09612023.. £2,010) and bank interest received of £1.072 12023 £Nill, the charity had retained £52299 {2023'. £71,612) in r¢5erves for future ch2ritablt activitie5 and donations. It is the policy of the charity that UTC5ttICted funds which have not been designated for a specific use should be maintaincd at a level equivalent to between three and six months, expenditure. The Trustees consider that reserves at this Icvel will ensure that, in the event of a significant drop in funding, they will be able to continuc the charity's ¢uNent activities while consideration i5 given to ways in which additional fijnds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major Tisk5 to which the charity is exposed. and are satisfied that systems ar¢ in place to itigate exposure to the Jnajor risks. Structure) governgnte #nd manageent The charity is a foundation chaTiiable inco]porated organisation ICIOI and has no Separate members from its Trust¢e5. The Trustees wh0 5¢rv¢d during the year and up to the date of signature of the fjnancial statements were.. N Mallett P Conrathe M Pioud D Gaisford M Taylor J C Eames None of the Trustees ha any beneficial interest in the Charity. The Tn]stees' report was approved by the Board of Trustees. N Mallett Trustee 22 October 2025
ONTC.OMERY HEIGHTS ZIMBABWE CHILDREN'S FOUNDATION {CHARITABI.E INC.ORPORATF.D ORGANISATION) INDF.PF.NDkN'f XAlIER's REPORI. TO TIIE TRUSTEES OF lOTCoMERy HEIGHTS ZIMBAB WE CHILDRF.N'S FOUNDATION I report to the Trustees on my examination of the fjnancial statements of Montgomery Heights Zimbabwe Children's Foundation (the charity) for the year ended 31 December 2024. Rtsponsibilitie$ b8$1s of report As the 'lTUStees of the charily you are responsible for the preparatiort tsf the finantial statements in arcoTdance with the requirements of the Charities Act 2011. I report in respect of my eXalatiOn of the GhaTity'S financial statements carried out under section 145 of the Charjties Act 2011. In ¢arrying out my examination I have followed the Directlolls given by the Charity Commission under section 14515llbl of the c.harities Act 2011. Independent examiner's ststement Your attention i5 drawn to the fact that the charity has prepared the financial statements in accordance with the relevant V¢Tsion of the Statement of Rccommended Practice applicable to charitics prcparing their financial statements in accordat]c¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in prefeTen¢e to th¢ Accoutjting alld Rcporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to iii the extant regulations but has now been withdrawn. l understand that this has been done in order for the fitjancial statements to provide a Inie 2nd fair view in accordance with UK Generally Accepted Accotmting Practice. I have ¢ompleted my exaTnination. l Gonfirtn that no Tnatter5 have COTlle to Tlly attention in connection with the examination giving me ¢ause to believe that in any material respect.. accounting records were not kept in respect of the charity as r¢quir¢d by Section 130 of the Charities Act 2011. the financial statetnenLs do not accord with those records; or the financial 5tatemet]t5 do not COTnply the applicable requirements concerning the form and Content ol fi]thncial statements set out in the Charities (Accounts and Reports) Regulatlolls 2008 other than any requirement that the financia] stateEnents give a true alld fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be dra in this report in order to enable a proper understanding of th¢ financial statetnents to be reached. Andew Seton FCCA Afffftia 3rd Floor Chancery House St Nicholas Way Sutton Surrey SMI IJB Dated.. 23 O¢tr>ber 2025
MONI'GOMLRY IILIGHTS ZIlABWE CHILDREN'S FOUNDATION IC.'HAkl'l'AEII,F, INCORI)oK4'fED ORGAINISA'I'ION) S'I..A'I.LqF,T OF FIYANCIAL ACTII'II ILS INCI.UDIliG INCOIVIE AND EXPEIYDITURE ACCOUIYT FOR THE YEAR ENDED 31 DECEMBLR2024 Unrestricted funds 2024 Unrestritted funds 21123 Notes come frorn: Donalions and legacies Inveslments 128.858 1,072 141.735 Total iDcorne 129.930 141,735 ExpeDditure ChaTitable activities 149.245 140,110 Total expejjditurt 149,245 140.110 Net illeomel{expeDditurel 8nd rnovement in funds 119.315) ,625 Reconeiliation of funds.. Fund ba]at]Ce5 at l January 2024 71.612 69,987 Fund b212tites 2t 31 DeCeber 2024 52.297 71.612 The statemeni of financial activities include5 all gains and lossts recognised in the year. All income an(T expenditure derive from continuing activitl¢5.
MON'I'GOMb,RY IITr,IGHTS ZIMBABWE CHILDREN'S FOIJNDATION IC-.FIARI'I'ABI,F, INCORPORATbD ORGANISATION) BALANCE SHEET AS A'I. 31 DECEIBER 2024 2024 2023 Notes cUrt 2s$tts Cash at bank and in hand 52.297 71,612 Net current assets 52,297 71,612 The funds of the charity UiArestricled funds io 52.297 71,612 52,297 71,612 The financial statements w¢r¢ approved by the Trustees on 22 October 2025 N Mallett Trustee
MOY'I'GOMF.RY IIF,IGH1'S 7,INIIJABWI". C'.HII,I)RF,Y'S FOUNDATION (CHARI'I'ABI.E IiYC()RPORATED uRG.15ATIV) IYOTESTO THE FINANCIALSTATEMENTS FORI'IIE YTr.AR F.NDTr:D 31 DTr:CEMBER2024 Accounting policies Cbgrlty informAtion Montgomery Heights Zimbabwe Children's Foundation is a charitable incorporated organisation ICIOI. 1.1 Ba515 of prepJr*tio The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recomrnellded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable ill the UK and Republic of lTrland IFRS 1021" las amended for accounting periods commencing from l January 20161. The charity is a Public B¢fIt Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updats Bulletin I not to prepare a Statemellt of Cash Flows. The financial 5tateTnent5 have departed from the c.harities IAccounts and Reports) RegulatlQll5 2008 only to the extent required to provid¢ a true and fair view. Thi5 d¢partur¢ ha5 involw¢d following the Statcmcnt of Rcwrnmended PTa¢ti¢e for chaTities applying FRS 102 rather than the version of the Stai¢m¢nt of Recommended Practice which is referred to in the Regulations but whiLh ha5 since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statcments are rounded to thc nearest £. The financial statements have been prepared under the historica] cost convention. The principal a¢¢ounting policies adopted are set ollt below. 1.2 GoiD£ concern At the time of appToving the financial statem¢nts. the TTusie¢s have a reonable expectation that the charity h adequate iesource5 to continue in operational existence for the for¢5¢¢abl¢ futUTe. Thu5 the Tru5tee5 continue to adopt th¢ going coijcern ba515 Qf accounting in prcparing the financial stateFnents. 1.3 Charitable funds UnT¥strictcd funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds sei out in the notes to the financial statements. 1.4 Income Incom¢ is recognised whcn the charity 15 legally entitled to it after any performance conditions have been meL the amount5 can be measured reliably. and it is probable that income will be Teceived. Cash donation5 are recognised on receipt. Inco]ne tax r0Verable in relation to donation5 received under Gifi Aid or deeds of covenant is recogllised at the tim¢ of th¢ donation. l.S ExpeHditur¢ Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which catjnot be recovered. Expenditure is reco8nised when a liability is incurred. Cost of generating funds are those costs incurred in attracting voluntsry income. Resources expended oll charitable activities include donations paid to the chosen charitablc illstitutions and the costs of stock.
MONTC.OMERY HEIGHTS 7.IMBABWE CHII.DREN'S TrOUIYDATION {CHARI'I'ABLF. IN(.'OIiPnlUTb:D nRC'ANISAT(ON) NO'fF.S'I'O'I'IITr: Tr"KTr ANCIAI. 5TATEf+lF,iYTS (CUIYTINUEDI FOR TIIE YF.AR ENDED 31 DECEMBER 2024 ACCO¢ing poli¢ies (Continued) 1.6 Cash and cash equivalents Cash and cash equivalents include ch in hand, deposits held at call with banks, other short-terni liquid investmenis with Original maturities of three months or le55. and bank overdrafts. Bank overdrafts are showtt within knttowin¥s ill cutTent liabilitie5. Basic financial assets, which includc debtors and tash and bank balances. aTe initially Tn¢a5UTed at transaction price including tran5actioll costs and are subsequently carried at amortised ¢ost using the effective inteTest method unless thc ajrangemcnt constitutes 2 fjnancing transaction, where the transaction is measured ihe present valu¢ of the future receipts discounted at a market rate of intcrest. Financial assets ¢lassified as re¢eivable within one year are not atnortised. Bosi¢finuneiftl litsbiliti Basic fjnancial liabilities, inclllding creditors and bank 102ns are initially r¢cogni5ed at transaction price unless the arrangemcttt constitutes a finanting transaction, wheTe the debt in5trurnent Is [neured at the present value of the future payments discounted at a market rate of interest. Financial liabilities cl&55ified a5 payable within one year are not amortised. Iucome from donat10115 legacies UnrestTlCted fllods 2024 Unre5trieted fullds 2023 Donations alld gifts 128,858 141,735 IDcorDe from investments Unrestricted Unrestrktted funds funds 2024 2023 Interest receivable 1,072
MOYI'GOMERY IIEIGHTS ZIMBABWE CHILDREN'S FOUNDATION {CIIARITABLb INC:ORPORATF,D ORGANISATIOliI tYOTESTOTHE FINANCIALSTATEMENTS (CONTINUED} YOR T14E YEAR ENDED 31 DEC.EMBER2024 Expenditure on th#rit#ble attiviti¢$ Chgritable aetivttieg Chgritgble activitles 2024 2023 Direct Costs DonatiOllS to Montgomery Hcights Christian Care Centre Donations to OM Teen Street Youth c.arnp 147,149 137.272 828 147.149 138.100 Share of support and govero¥o¢e costs (see oote 5) Support 2.096 2.010 149.245 140.110 Support costs allocated to activitie5 2024 2023 Websitt Costs JuslGiving fee$ Sundry expellse5 Accountancy fees 1,550 216 331 13 240 240 2.096 2.010 Analysed betTrveeD: Chariiable activities 2.096 2,010 Net movemeDt fullds 2024 2023 The net movement in funds is stated after Chargin{credItingl'. Fees payable for th¢ indep¢nd¢nt examination of the charity's finanGial 5tatemcnt5 240 240 Trustee5 None of the Trustees lor any persons connected with them) received any remulleration or benefits from the charity during the year. Employees The aveTage monthly number of employe65 during the year was.. 2024 Nutnber 2023 Number Total
MONTGOMERY llEIGTITS ZIMBABWE CIIILDREN'S FOUDATIoN {CHARITABI.F. INCORPOI<A'I'Tr;J) OKGANISAI-IOYI NOTES TO I'HE b'lNANCIAI, SI'A'I.tr'1FN1 'l'S ICON1'1NULD) FOR THE YEAR EN.DED 31 DECEMBER 2024 Employ¢¢5 (Continued) Th¢Te were no employees whose annual remuneration was more than £60,000. TaxAtio The charity is exempt fro]n taxation on its activitses because all its illcome is applied for charitable purposes. io Unrestricted funds The unrestri¢ted fund5 of the ¢haTity GOTnprise the unexpended balance5 of donations and grants which art not subject to specific ¢ondition5 by donors and grantor5 as to how they may be used. These include dcsigllatcd fiinds which havc been set a9ide out of u[¢Sl¢t¢d funds by the trustees for specific purpose5. At l JanuAry 2024 lrttoming re$ollr¢es ResourtesAt 31 Decen]ber ¢xpethd¢d 2024 GeneraI ndS 71.612 129,930 (149,2451 52.297 Previolls ye2f: At l jaurY 2023 Rcsource5At 31 Decen]ber expended 2023 r¢sourets General funds 69,987 141,735 1140,1101 71,612 li Related party transactions There were di5c105able Telat¢d paTty tran5artions during the y¢aT.