## ZOF Africa
Trustee Annual Report 2022-2023
Charity Number 1196885
Company Number CE027420
ZOF Africa
Annual Return and Financial Statements Year Ended 31 December 2023
## Contents
Legal and Administrative Information
Trustee Report
Financial Review
Balance Sheet
## **Legal and Administrative Information**
Charity Name ZOF Africa Charity registration number 1196885 Company Registration Number CE027420 Date of Registration 2[nd] December 2021 Registered Office: Apt 802, Milne Building Heritage Lane London NW6 2AF Governing Document Charitable Incorporated Organization (CIO) Constitution dated 29/9/2021. Trustees as of 31 December 2023 Georgina Fleming Chair Alon Caspi Treasurer Claudia Zeibe Legal and Compliance Takunda Chingonzo Trustee Bankers Lloyds Bank
## **Trustee Report**
## Our Aims and Objectives
ZOF strives to empower Zimbabwe’s next generation of entrepreneurs by funding digital technology education. We also arrange mentorship and career guidance for aspiring young entrepreneurs. We pair courses with laptops and educational aids which are gifted by corporate sponsors.
## How our activities deliver public benefit
ZOF works with local partners to provide technology educational courses directly to youths from low-income backgrounds in Zimbabwe. Our aim is to create a positive feedback loop where the graduates of our courses will obtain the resources to impact the next generation.
The Trustees have had due regard to the Charity Commission’s guidance on Public Benefit.
## Who used and benefitted from our services?
During the year we partnered with the local partners to enable the following courses:
- 125 students funded in high density suburbs of Harare to take courses in robotics and coding, with some career coaching alongside these technical courses
- We funded our first all-girls coding class of 30 girls
- We developed in-house assessments developed to track the potential & progress of students
- In Q4, we doubled down on 25 students who demonstrated exceptional ambition. During an 8-weekend course, they deepened their understanding of critical tech fields, including 3D printing and digital design
- This year (2024), we have secured 6 internships for 2023’s top students to teach them critical workplace etiquette and grow their networks. All students have demonstrated incredibly high ambition for learning and growth
- We donated 63 laptops for courses in Zimbabwe
- Career coach Joy Mahobele developed a robust career readiness & leadership skills curriculum that resulted in increased confidence and impressive CVs designed on Canva
## **Financial Review and Governance**
## **Principal Funding Sources**
ZOF funds its activities from individual and corporate donors, mainly in the UK.
## **Management Committee**
Members of the Management Committee are the Trustees of the charity.
## **Affiliated Party**
ZOF Africa, a nonprofit organization under Section 501 (c ) (3) in the United states.
## **Balance Sheet as of 31 December 2023**
|**Fixed Assets**
**Current Assets**
Cash at bank and in hand
**Net Current Assets**
**Net Assets**
**Unrestricted Funds**|**2023**
**£**
**-**
3,215
**3,215**
**3,215**
**3,215**|**2022**
**£**
**-**
6,959
**6,959**
**6,959**|
|---|---|---|
|||**6,959**|
## ZOF Policy for minimum Reserves
ZOF is required to hold a minimum reserve of £500 to cover any incidental costs.
## Trustee selection method
Trustee selection is based on Charity Commission rules and the Charity’s constitutional document, following a due diligence of the new trustee.
## **Declaration**
**The trustees declare that they have approved the trustees’ report above. Signed on Behalf of the Charity’s Trustees**
**------------------------------------------------------**
**Georgina Fleming**
**Chair**
**Date : 29 October 2024**
|ZOF Africa|ZOF Africa|CharityNo|1196885|1196885||
|---|---|---|---|---|---|
|||CompanyNo|CE027420|||
|Annual accounts for theperiod||||||
|Period start date|**01/01/2023**|**To**|Period end
date|31/12/2024||
## **Section A Statement of financial activities (including summary income and expenditure account)**
## **Recommended categories by activity**
## **Income (Note 3)**
## **Income and endowments from:**
Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other _**Total**_
## **Expenditure (Notes 6)**
## **Expenditure on:**
Raising funds Charitable activities Separate material expense item Other _**Total**_
**Net income/(expenditure) before tax for the reporting period**
Tax payable
**Net income/(expenditure) after tax before investment gains/(losses)** Net gains/(losses) on investments
**Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses)
## _**Net movement in funds**_
## _**Reconciliation of funds:**_
Total funds brought forward
_**Total funds carried forward**_
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
S08
S09
S10
S11
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
S22
S23
S24|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||9,376||-|9,376|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||9,376|-|-|9,376|-|
|||||||
||1,653||-|1,653|-|
||11,471|-|-|11,471|-|
|||||-||
||-|-|-|-|-|
||13,124|-|-|13,124|-|
|||||||
||3,748
-|-|-|3,748
-|-|
||-|-|-|-|-|
||3,748
-|-|-|3,748
-|-|
||-|-|-|-|-|
||3,748
-|-|-|3,748
-|-|
||-|-|-|-||
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||3,748
-|-|-|3,748
-|-|
|||||||
||-|-|-|-|-|
||3,748
-|-|-|3,748
-|-|