Reglstered Charity Number 1191499 CHILDREN OF ZANZIBAR FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Apex Associates LLP Accountants and Tax Consultants Apex Chambers 58-A Ilford Lane Ilford Essex IG12JY
CHILDREN OF ZANZIBAR FOUNDATION Report and accounts Contents Page Charily information S141¢m¢ni ofTru5tees' responyibiliti¢s A¢¢ountsnt5' IEPOrt 8tutcincnt of l.'inancial A¢livities Income and Expcndituir aoUnt BaldtLLe 5he¢t Nott5 lo the accounts DElailcd Statement of Financial Activitirs 10
CHILDREN OF ZANZIBAR FOUNDATION Charlty Information Trustees Mr. Mbaidk Hue1n Mbai?k- Chaimian Mrs. Nasriya Fei2al Salim Mr. Aluiviya Saeed Abdallah Mrs. Bishara Mkubwa Na5501' Mrs. Saida Saluin Mohamnied Accountants Aftab Ahmad Khan Ap¢x Associales LLP Ac¢ountani.s and Con%ultants 58-A Ilford T.an¢ Ilford IGI 2JY Bankers Barc12ys PIC L¢ice51¢1' LL87 2tJLI Ragistorod office 171 IbsLOtI C105e Dagenham Essex RMIO 9YX Registered charity number 1191499
CHILDREN OF ZANZIBAR FOUNDATION Thg report of the trustees for the perlod ended 30 September 2023 IntToducllon 'rii¢ Te¢4pr¢Knt t11[ Iinil repxt ond occounts forthc pcnod ded 30 5cplcmbcr 2023. Thc ol'inisi¥¢$ arc.sali5ficd ivilh Ihcpcrforimac of I1 charity diirins Ihe yearand Ihe posiiion diiring tlie u)Itiu¥ y¢ar, and thai Ih¥ Lhaiily's assets di¢ adEquJle ID fiiifil lis ubljsilions. Structure, Governance and Management Governlng document Th¢ charity. 1$ ¢onlrolled b). its 8ovetning docunKnL ll ConsliMt 8nd is a ChBritDble Incorporated Organislltion ICIOI. Rlsk management Ihc trusi¢t5 havc a dirty to idcnlify Md reviei%' th2 risk5 to iyliich IIK cli8rity is exposed and n511rc uppropriule conlrDls are in plnLE lo provide reasonnble as5llrance agaillsl filliid and error. Independent Ex8mlrt¢r Aftab Ahmad Khan FMAAT, Aft Ap8x Asso¢late5 LLP Accounlanls and Tax Consuttant8 5&A If(d Lane Iword E86ex IG12JY Stat6mgnt of Truste•s' Responslbllltlès The Chari11¥5 Ail Tcquires IhB BDard of Trustees io prepJR fi0cial slaiements for each y¢dT whicji give a true and fair view of the state of affaits of the ¢lJarity 8S 81 lh¢ end of the rinaNcial )'ear and oflh¢surpliisor defi¢ii of th¢ ¢hwiiy. In preparingihos¢ fiNn¢ial siaTrmenis (he Board is required 14):. s¢l¢¢t siiiiable ic¢oiinlill8pDlici¢s atvj thcn Bpply thcm ¢on5L51cnily-, Inak'¢ jiidg¢ni¢nl% and Nliniulr51h¥l arc a)nbIr and prudcnl,- and prepare tlie rtsill1al siot¢m¢nts on th¢ going con¢em basts iml¢ss li i5 r¢¢omm¢nd¢d pradicc havc bccn fvlloivcd, 5ubj¢cl lo ani. 1¢[1&1 'Ihe 'I'Yte0 arc also r¢swnsibl¢ IOT Inainiaining ad¢quai¢ acwuniirtg r¢¢ords ¥thi¢li di$¢1 The Iiuslees [e utso reSIS1b[e for Ihe conlenis of the Inislees. repK)rL fhe responsibiliiyofihe independeiit exaininLY in reIJi111 iu tlie Irusiees, repurt is limid to tx171111g the rewri ynd ¢nsurinB Ihai. on th¥ faL uf IIK ietKJtl, Ili¥rv nv inLollsisl¥nL*s 11'ilh lh¥ fibpur¥s disLlvsgil i This report was aPpYed by th& board of trustees on Mbarak Hu5seln Mbarak Chalrman
CHILDREN OF ZANZIBAR FOUNDATION Independent Examiner's Report to the trustees of the Charity Report of the Independent Examiner to tho twst8gS on the accounts of the Charlty for tho period ended 30 September 2023 I repoit on th¢ financial statcincnts of thc Lharity for thc period cndcd 30 Scptembcr 2023 Hthich have been prcpaitd in a¢¢ordancc ivith the ChaTlti¢s ALI 2011 and with the Fit)ancial ReportingT Siatldard foi. Srtialler Entilies IFRSSEI, effeLtiv¢ Api'il 2008, adapled to meet the n¢td5 of unincorporaicd or8ani%ation5. as moditicd by the Slatcinent of Rccommcndcd Practice for Accounting and Reporting issued by the ChaTily Cornini55i(Jllers foi. England &, Wales, effectiv¢ Api'il 2005 8$ revised in June 2008. rrhe SORPI, undei. the historical cost convention and the actounlin8 policies. RgsPO¢tivo responsibilities of trustees and examinor A5 desGiibed, Ihe Charity'5 trust air pOnsibl¢ for the preparation of the fsnan¢ial statcmenL8. The triistecs are satisfied that thc audit rcquircmcnt of Section 14411) of the Charitic5 Act 2011 {the A¢il does iiot apply. at]d that the 18 no rcquircment in th¢ guveming document or constitution of Ihe Chariiy for the Londucting of an audit. As a consequence. th¢ ts'ustees hav¢ eleLied Ihal (he financi&l statern¢nt5 be subject lo independent exarnination. Having Satisfi myself ihai the charity is nol subject to audit, and 15 eli8ible for independent examination. it 55 my respx)nsibility to.'- al exan)ine the a¢counts under section l45 of the A¢t' b) tv fvlloi¥ ihe procedures laid dow'n in the General DiiEcltons given by the Charity Comrnission under scction 14515llb) of th¢ Art; and- ¢1 to state whethei. particular matters have come to rny attention. Basis of oplnion and scopo of work undertak•n I condu¢t¢d my examination in accnTdan¢c with the C]eneral Dircctions given by the Charity Commissioner5 for F.ngland & Wales in Telation to the wnducting of an independent ¢.xaminaiion, ref¥iYed to above. An iiidependcnt eyaminatioll includts a revie1¥ of the accouiiting record5 kepi by Ihe Cl)arily and of the accounting 5y%tems en)ployed by the Ch¥rity and a comparison of the linaD¢ial $tai¢m¢nts presented with thosc records. It al%0 include5 C0115idcralion of any unusual itcms or disclasur¢s in th¢ financial statcment5 . and steking ¢xpl(inations ffi1 you as tTUSte£8 concerning such Inatters. Tht pur)$¢ of the exaniinalion 15 to establish as fai. as wssible Ihat there have been no breaches of the Charities l¢gislation and that th¢ fiiiancial staternenls comply w'ilh the SORP. ()n a tesl basis, of¢vidence rEIEvanl to the amounts and di5closurc5 in the financial statcment8. The procedure5 undertaken do not pix)vide all the evidence Ihai wi>uld be required in an audit , and iiifonnation 5upplsed by the twstees in the course of ilie examinalitsti is not subjccled to audit tcsts or cnquiries, and onsequenily I do not cxpre5s an audii opinion on the vielv givcn by the finan¢ial s¢at¢m¢nts, and in particular. I CXPTe%s no opinion as to whcther thc financial 8taierncnts give a true and fair view of ihe affairs of th¢ dwily, and my Irport is limitcd to the tnatiers sei out in th¢ slatemeiit below. I p18nncd snd p¢rformed my cxamination so as to sausfy myself that the objective5 of the independ¢ni examination are achieved and before finalising ihe repon I obtsill written a55UTance5 from the trustees of all malerial matters. Independènt Examlner's Statomont. report and opinlon In connection with my examination, no matt¢r has come to my attcntion in connection ivith my ¢xamination which gives me rcasonablc cause to believe that in &ny matcrial respect the requirements
lillo keep accounting records iii accordance with Section L30 of the Act. lill to piypare financial slaiements ivhich accord iv2th the aecuuntiiig reLOi'ds and comply i¥ith the ac¢ounting requiirmcnts of the A¢1 and. liiil thai the financial slatcmcnls k pirpared in ac£ordanc¢ M'iih th¢ m¢ihods and .1Th¢ip1¢$ sci out in th¢ Svdlein¢nt of keconirnended Practice- Accoutttii)g and R¢p(Trriin¥ by Ch#iiti¢s hdV¥ liot been tnet: or to which, in my opinion, attention should be draH'n in my report in order enable a piDper understanding of the accounts 10 be reachcd. Aftab Ahmad Khan FMAAT, ATT Apex Associates LLP Accounlanls and Tax Consultants 58-A Illord Lane Ilford Essex IG12JY Dale '.
CHILDREN OF ZANZIBAR FOUNDATION Statem8nt of Financial Activities For Tho Pori¢xl Ended 30 Septembgr 2023 NOTEE 2023 2022 Incoming resources Incoming resou3 from generated funds Voluntary incotne Other Incoming Resourtss 28,545 31,372 Total incoming resources Costs of charitable aclwities Total resourcès expended 29.931 9.931 28,877 Nel income Illossl resources before IransfeTS between funds 1,440 Total funds brought forward 8,296 6,856 Total Funds carried forward 96
CHILDREN OF ZANZIBAR FOUNDATION Statsment of Financial Activities For Tho Pèriod Ended 30 September 2023 Income and Expandituro Account For Th& Period Ended 30 Septembor 2023 2022 2023 Voluntary incomè 28.545 31.372 other operal'ng incor Costs of charitable aclivthes 128.67n 129.9311 Gross 8urplusl Ilossl 1,440 Surplus I Ilossl on ordinary activitiès before tax 1.HO Surplus I Ilossl lor the financial year 1,440 Gift . Payments Retained surplus I110s61 for the financial year 132
CHILDREN OF ZANZIBAR FOUNDATION Balance Sheat as at 30 September 2023 Note 2022 2022 The assets and liabilrties ol the Charity.. FixEd assets Tangible assets Total f xed asse15 Current assets Oeblors Cash at bank and in hand Total current assets 8.884 8,884 720 9,736 Amounts due within one year Net cutr8nt as8ets 8,164 Tolal assets less current liabilit8 8,164 8,296 Nel assets induding pension asset I liability The funds ol the charity.. Unrestricted income funds Un1681ricted revenue accumulated funds 8.164 Total Funds The financial slalements wore approved by the Board of Trustees tsn.. .j.JJ.2*igned on its behalfby.. Salda Salum Mohammed - Tru8tee Aluwiya Saeed Abdallah . Truste8
CHILDREN OF ZANZIBAR FOUNDATION NOTE8 TO THE AccouNTS FOR THE PERIOD ENDED 30 Septsmber 2023 A¢countlng pollcles A¢countlng convention Th¢ fiiiancial sialennIS are pr¢pared on y ¥uing Luntttn basis, und¢r th¢ historical ioiiv¢nliun, and in accordancc wilh the binan¢i&l Kcporting Standurd for smaller Intitie% l¢ffective Api'il 2008. th¢ Lhari15CS Act 2011 and Ilie rwiiirem¢nis of Ilje Stdleiiieni of ReL0Inended Pracii¢e. Accourtlirtg and Rewrti by Charities. Incoming Resources All Incoiiiing oU[C¢S are includd on the Ststeinenl ofFinancial Acliviti¢s when the charity 15 legally eniiiled 10 th¢ incuin¢ nd th¢ aTnount can be quantifEed with aSOnable accuracy. Recognition of Ilabllltles Liabilitics arc rccognised oll the accruals basis in accordance iviih nonnal accounting principles, iiiodified where n¢r¢ssary in accordance with lh¢ guiddnce given in SORP. Taxation As a regist¢r¢d Charity, Ihe organisation is exempr from incon)e and corporaiion lax lo ikne extent tiiat its in¢oint and gains arc applicablc io chariiable piirwses only. Funds structure poli¢y The charity IaintainS a gen¢ral iinr¢5tricl¢d fund whith Irpr¢s¢nts fiiiids ivliich ¢xp¢Ddable at tlie di5creliun uf the IrLisie¢s in fiirthrdnr¢ vf Ili¢ obj¢cts of th¥ rliai'ity. Such hnd5 Jllay k held in vrd¢r to financ¢ both working capital and capital inv&8tment. R¢blricled funds h¥v¢ [en provided 10 Ihe chariiy for PtI¢14r purp)ses, drtd it is lh¢ PDli¢)' of Ihe bDard of InTs1¢¢5 to carefiill>' Inonitor thc applicaiion of those funds in accordance with the restriciioiis placed upon them. A fixed asset fund is mainLliI)cd ivhich represent% Ihe ivritien dDwn vali1¢ of tangible fixed assets, and is dii'ided into a irsiri¢i¢d fixed asset fiiiid rtpresenting le writt¢n down valu¢ of Iliose assets subject lo resii'iclions. wiih Ihe bulJnr¢ being in a designated fund repr¢5¢nlillg Ilie ivritien doiyn Yalue of tlios¢ asset5 frec ot rtstriclion5. '1'lic detailed opeialioji ol. Iliesc lutids is dLscribed iindcr the accoiiniing l1¢y, Capital granis, Thcrc is no forjnal p)licy of lrnnsfrr bclwccn funds or on th¢ allocation of funds lo de5ignat¢d fund5, Oth¢r thali Ihdi dc'scribed above. Any other prowKd transter betwe¢n funds would be Lonsider¢d on Ilie pdrti¢iildr ¢irLuinsianie Wlndlng up or dissolution of the charity If upon iviiiding lip or di5501ution of the cliaiity tlieir rcmaill any a%sets, aftcr thc sutistaction of all debt5 and liabilities, Ilie assels repres¢nird by the OCLUlrtttlated fund shall be tranSfe¢d io sojne oilier didrilable body ur bodi¢5 liaviiig siinilar obJeS io rhe charity. 2023 2022 Revenue Turnover from ordlnary aclivltles 31,372
CHILDREN OF ZANZIBAR FOUNDATION NOTES TO THE AccouNTS FOR THE PERIOD ENDED 30 Sgptgmber 2023 3 Staff Costs and Emolum•nts 2023 2022 Gross SalaT1¢5 'Ilicir iirrc no tcc.g orothcr rcmiincration paid to tlie Irii%tecs There were no employees wilh emoliiittcnis in cxcess of £60.000 pcr anniiin 4 Trustees, Remuneratlon Neiihcr Ilie trusiee8 nor any connectcd with th have received eny ttmiineration. Cillr in Ihc ciiiyent year or the priur year. S Credltors: amounts falllng due wlthln one year 2023 2022 Accnied expenses 720 1.440 720 1,440 6 Unrestrlctod r•v•nuo accumulated funds 2023 2022 Al l Octob. 2022 Bought fOr'ard Unresiricled revenue I Ilossl foi. (he financial yeer 8.296 1132) 6.856 1,44U At 30 september 2023130 Sepiembcr 2022
CHILDREN OF ZANZSBAR FOUNDATION Schedulè to thè Stat&mont of Flnanclal Activiti&s For The Poriod Ended 30 September 2023 Unrestrlcted Fund8 2023 Total Unr88trictèd Total Fund5 Funds Funds 2023 2022 2022 Incoming Resouices Volunt8ry Income 28,545 28,545 31,372 31.372 Total Voluntary Income 28 545 28 545 Other Incoming Resources Olher operating income Total Other Incoming Resources Total Incoming Resources 28 545 28 545 Professional lee8 in support of eharltable 8¢1ivitles Donations 27,257 720 700 27,257 720 28,958 720 28.958 720 Acwunlancy fees Advertising and PR 700 253 253 28 677 Total Support costs 28,677 Nel incomè I Ilossl resource 132 132 1.440 1.440 10
Children of Zanzibar Foundation (COZ) Trustees AGM Meeting July 2024 Minutes Date". July 4, 2024 Tlme.. 5:00 PM- 6:00 PM Location: Online Cg11 via What8App Attended On Call: Apologles.. • Mbarak (Truslee) Saida (Trustee) Aluwiya (Trustee) Na5riya (Trusfre) Agenda l. Welcome and lfttroduction 4. Trustcc Updates 2. Review of Activities for 2023 5. Next Meeting Date 3. Future Plans and Projects 6. Adjoummenl l. Welcome and Introduction Mbarak. acting as the meeting chair, called Ihe inceting lo order at 5..00 PM and welcomed all attend¢es. 2. Review of Activities for 2023 Thc trustees reviewed the activities and achievcmcnts of Ihc foundation for the year 2023.. Ramadan Campalgn: Distributed 350 packages twice to orphans and elderly on Peinba Island. • Eld al-Adha {qurbani): DonAted 5 eows, feeding 400 families from the Qurbani donations. Monthly Sponsorship5: 18 orphan families receive monthly donations of £20 per family. 10 elderly individuals receive Inonthly donations of £20. in coSlaboration with CJlobal Tru.st.
Orphanage and Skllls Centre: Currently planning the construclion oran orphanage and skill centre in Pemba. The land ploi has been acquired, And paperwork is being finalized under the name of the Children of 7.anzibar Foundalion. Construction is planned to start in 2025. 3. Future Plans and Projects The trustees dis¢ussed future plans and ongoing projccts for thc foundation.. Contlnuation of Current Projects: Maintain ongoing support for orphan and elderly sponsorships. • New Projectslcampaigns: Plans to introduce youth workshops and initi&tivcs to support local womcn. 4. Trustee Updates Thc trustees addressed the following updates and change5'. Addltlon of New Trustees.. There is a need to add 2 or 3 new truslees to th¢ board. Potenlial ¢arididat¢s will be discussed and approachcd. Removal ofTru5tee: It was decided to remove Bishara as a trustee. 'fhe foniial process for this reinoval will be initiatcd. 5. Next Meeting Date The next trLlStees' meeiing is scheduled for October 1, 2024. At 5..00 PM via WhatsApp online call. 6. Adjournment There being no further business, the Inceting was adjourned at 6..00 PM. Mlnutes prepared by: Nasriya, Trustee Approved by: Mbarak. Trustee