Charity registration number. 1198222 Zalala Foundation Annual Report and Flnanclal Statements for the Year Endod 31 December 2023 WESTCOTTS ARfERED AC¢OUWTANTS I BUSIN•55 ADYISERS
Zalala Foundatlon Contents (continued) Reference and Admlnlstrabve Details Trustees, Rep)rt 2to8 Independent Examinerf8 Rep)rt Statement of Flnancial ActNitie8 10 Balan(t Sheet 11 Notes to the Finanal Statements 12to17
Zalala Foundatlon Reference and Administrative Detslls Trustees Angela Hadjlpatèras Aikal8rini H8djipateTas Dr Aex Shankland Dr Patricia Bamett Catherine Mad(enae lapp)Inted 5 January 2024) 1198222 Charity Registralion Number Prin¢ipal Office 29 Badby Road London W10 6AN Westcotts (SW} LLP 47 Boulport Street Barnslaple Devon EX31 1SQ Independent ExamIr Page 1
Zalala Foundatlon Trustees. Report The Injstees present the annual report together wlh the financial ststements of the ¢harity for the year ended 31 December 2023. Objectives and activities Objects and aims The charty's objectlve is to alleviate the hardship and poverty of those INing in MozambKiue by Pfoviding praati1 and financial assistance to pathering organisations in M028mbique. Objectlves, strategles and a¢tlvltles The Zalala Foundatson's activities are aimed at improvlng local livelihood8 of Mozambirxns living the province of Zambezia through training. awareness-raising, income-generating support and the provision of essential infrastructure, including e(iucational, water and health facilities. One of our key prforllies is promoting girls 'empowemienl and education al the primary and secondary level. The main activities (described in detail in the next section) are- l. Inlearating a gender and empowerment focus in schools 2. Ongoing support for 8 girfs in secondary se101 3. Cyclone Freddy Relief for schools and 8thool¢hildren 4. Support for community health serviS 5. Support for community credit and savings schemes 6. Trustee wsits to the field 7. Institutional strengthening of the Fundacao Zalola Inlegraling a gender and empowemiont focu5 In schools: In 2023. the work aimed at promoting gid's education and empowerment. which the Fundatxo Zalala has been implementing since 2020 was further wnsolidaled. This was achieved through the integration of the Girls, Clubs in the schoo15 in the 2 villages Supinho and Idugo where the Fundacao Zalela works. The Strategy of indusion of Girls, Clubs within the schools was developed in response to strong interest expre&sed by the school heads in both communities. This approach is also in line in with the official educational guidance of the Mozambican govemment which favours the establishment of dubs in schools In order lo provKle a space for gids lo develop their ski15s. knoedge and abilities wth a view lo enhancing school outcomes and reduclng the rale of early marriage among gids in the ci)unty. In 2023, the following objectives We identifie(J: Increased and sustalned schod attendance at all ages laveraglng 50_750A) Enhancing girSs' knowledge and understanding of their rights in Mozambique and inlemationally Increased aWanesS and understanding ot menstrual hygiene, sexual and reproductive health, HIVIAIDS prevention and family planning among girls in the local communities Enhancement of young people's capacity lo express themselves and fomiulate demands within their cornmunities, on the radio and In other public fora Encouraging an interest in reading and improving levels of Ilteracy among schod Ghildren. Providing ski118 In horticultural production and 8imultaneoLbsly encouraging a healthier diet among y)ung girls and boys Page 2
Zalala Foundatlon Trustees. Report {continued) In March 2023. a powerftjl cyclone tore through both communities and caused significant damage to all three schools. thereby seriously undermining the implementatK)n of the project aclivrties. For several months after the Cydone, it was almost impossible to a¢S the communities. Quelimane Slself was wthout water and eleclrioly for ¥0 months. Furthermore, the road from Zalala to Supinho was completely flooded making it vlrtually impossible to access andlor communicate wth the eommunities. Even after the schools re-opened at the end of June 2023, the condrtions for learning were far from ideal. In the case of Supinho, school sessions look place under 3 trees owing to the severe damage to the main school building and annexe. Similarfy. both schools in Idugo were severely damaged resulting in a sleep decline in Sc)01 attendan(* Despite these serious disruptions. the following activities were implemented.. . School Clubs. 98 meetings of the Club5 look place160% of the target). The topics Vered indude.. the riqhts of the child, right lo educatiorb, issue of School absenteeism- violence in school., risks of drugs and alcohol; issue of chlld labour laws against child marriage- sexual and reprodudive health and righ15,' gender Vh)lence- cobn. uterine and breast cancer. menstrual hygiene. Some of these topics were not discussed with the younger children. Instead, they had sessions on relats'ons wkh parents., helping with hou$ehold tasks and other age-related topics. As planned, gids and boys tho look part in the project in previous years took on the role of 'mentors' sharing their experiences and thowledge in these sessions, thereby building thelr confidence and inspiring their peers. Reading Sessions As in the previous year, reading sessions 19 in each of the 2 communities) almed al developing children's interest in and enjoyment of reading, were held in the respective community centres on most Saluidays durino the pmjecl period The average number of parbcApants in the two ¢ommunities was 93- wth, on average. 62 girls and 31 bo aged between 10-18 years. ¥ Advocacy and Message DSssemination Members of the Girls, Clubs participated in live raclK) debates and a song written by members of the girfs, clubs was broadcast live in October, the Day of the Mozambican Girl Child. In additK)n, open cx)mmunity debates on the righls of girls took place, both in Supinho and in Idugo aTKI were well attended by leaders. parents. educators and others. . Celebration of speclal days Christmas Day was celebrated wth games and treats in both communities. These occasions provide an opportunity for gids and boyE lo express themselves openly and freely and celebrate their 8¢¢omplishments during the Course of the year. Ongoing support for thg secondary education of 8 girls from Ihe 2 lo1 villagos In 2023. the Zalala Foundation continued ils support for the secoThYary education of 8 girls-. S from Idugo village and 3 from Supinho. This induded paying for extra lulorial support for gids in Mathematics and Science. The Foundation also covered the cost of extra-curricular ¢ourses sele¢led by the girls In Cooking and Computer Literacy. In addition. the Foundation provided the girls with pocket money lo enable them lo buy school materials and sanitsry products. Throughout the year. the Fundacao Community worker maintained regular conlact with the girls. induding weekly meets'ngs in town lo discuss any issues problems arising. A meetin9 was also arranged wbth parents and school teachers to discuss any concerns or issues for the girfs, in partlcular any issues relating to the communication beeen girfs and thelr families arising from the distance between the school and their homes. In temis of their academic achievements, there was a marked improvement in their exam results, which reflects the salisfaetory advances as gids have settled into their new environment and their mastery of the Portuguese languages ¢)Jntinues lo grow and facilitate their learning. Page 3
Zalala Foundatlon Trustees. Report (continued) ongside their busy school schedule. the girts were able Iwith the logistical supported by the Fundacao Zalala team} to continue with some of the gid's empowerment activities initiated the previous year. induding a live radio debate on the Intemalional Day of the Girt Chikl. They also attended the general annu81 meeting of the Children's Padiamenl. In thls way, they o)nlinued lo make thelr voices heard in defen of the rights of girfs and women all over the worfd. At the start of the school holidays, a meellna was organised by the Fundacao with community leaders, parents and lea¢hers to assess Ihe girfs, progress and outcomes over the year. All parties iivolved - the teachers. the nuns, the girts and their parents expressed great satisfaction with the results and gave ther fim approval for the girfs to continue the followng year. The totsl cost per girfs per annum is approxlmately $USD 10.0001$1,250 per girfl. This includes baslc tuition and extra luitlon, 3 good meals a day. school materials and a small amount of pocket money. Approximately $7000 1£6.2451 was raised by the Zalala Foundation through an Xmas crowdfunding appeal. The balance came from existing funding sources provided by the Zalala Foundation. Cyclone Freddy Reli&f for schools and schoolchildren As previously noted. Cydone Freddy - one of the most powerTrJl cyclones lo hil the area in rent years, struck the local region resulting in extensive damage to homes and crops in both the local villages. For some weeks, access lo the villages was impossible as the roads were flc#)ded. Once the Funda¢%0 team were able to access the local villaces, they mel wilh local leaders to dCusS how to respond. The general consensus in both communities was lo rehabilitsle the schools so that the ¢hildren could resume their edu¢alion. The Zalala Foundation launched a fundraising appeal via GoFundMe and was able to taise over £16,000. In the immediate short lem, the Fundacao distributed basic Schr maleiials (exercise l)ooks, pens. pencils. rubbers and a school bag) lo all the schoolchildren in both villages. Subsequently, the bulk of these funds were used to rehabilitate both schools in Idugo. The Foundation Director also travelled to Mozambique, first stopplng in the capital ctly. Maputo to meeting wth Embassies and inlemational NGOS in an effort to raise humanitarian lief funds for the villages. As a result, Care Inlemational provided emergenoy hygiene kits for the people of Idugo. In addition. as a result of her lobbwng efforts at the provincial level, she secured a donation of roofing sheets for the school in Supinho. Some of the funds raised through crowdfunding were used to fund the transport and other costs incurred for prowding a new roof for the Supinho school, thereby enabling classes lo resume for all 400 school pupils in the village. Support for communlty health services During 2023, as noled in the Table below, there was a significant increase in the level of services provided by the maternity centre. This is mainly attributable lo the inGreasing awareness and favourable experience5 of seNice users. Page 4
Zalala Foundatlon Trustees. Report (contlnued) Maternal Health and Inlant Health 2022 2023 Pre-natal consultations 453 681 Pre-natal consultations a er months 93 Pre-natal consult81ion5 after 6 months 107 387 Dèlweries 438 P051-p8thm consultations Family planning ¢onsullalions Infant health checks lunder one year) HIV transmission prevention - TARV testing Women hlv posilive 42 842 542 717 302 368 202 633 31 58 General Health 2022 2023 Malarla 7899 9923 Diarrhoekg 14 27 TB 12 49 Measles Hypertension Diabetes 69 43 General talks given by APES Numbers attending talks at Maternlty Centre 42 78 521 1245 While these figures are en¢y)uraging, they also reveal the need for additional facilities to cater to the general health needs of the local population. beyond the maternity health requirements. The increasing dem8nd for such services has been expressed by local communities and their leaders. In response lo this situation. the Zalala Foundation submitted an application for funding of a General Health Centre on the island lo the Embassy of Japan. This funding application was favourably received and we are CUentlY awaiting final confinrII0n. Throughout 2023. the Fundacao continLted lo make its engine-powered boat 8vailable for the transport of medi1 personnel to an(i from the island and also for use as an ambulance in emergencies. A small stipend was also paid to one of the MMUnity-baSe health workeTS for their support to the Matemity Centre. During 2023, the Foundation also paid for a 10-week course in Sexual and ReproductNe Health attended by the Community Ccy)rdinalor of the Fyndacao. This is in anticipation of funding sought to extend the provision of sexual and reproductive health servitss in Idugo, in particular for youth. Page 5
Zalala Foundatlon Trustees. Report (continued) Support for Gommunity credit and Savings schemes Ongoing support and Supervision of the local credit and savings groups In both local communities is provided by a local Animator in each Mllage who monitors the work of the local groups and provides trouble-shooting advice and guidance as needed. Their work is monitored and supervised by Ihe Fundacao, Community Co-ordinator Trustee vlslts to the Field As previously noted. the Direotor of the FOundatn travelled lo the region in May 2023 in an eff(¥t to raise relief funds for the rehabilitation of the schools in the two communities and as a show of 801idarily for the local communlties and the staff of the Fundacao. She returned to the region in November and was also joined by Alex Shankland Trustee who attended the meeting of the Patrons of the Fundacao Zalala, where he discussed the relationship between the Foundation and the Fundacao. Institutional strengihening of the Funda¢ao Zalala In line with recommendations made by representatives of the lrfsh Embassy durlng their sile visit in 2022. the Fundacao commissioned an audit of the 2022 acLL)unts. Thi$ revealed a number of shortcomings in the accounting procedures and these have been addressed and will be monitored over the next 12 months to ensure that the improved piocedures are being effectively implemented. Publ1¢ benèfjt The trustees confirm that they have Complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public beneff( guidance published by the Charity Commission for England and Wale8. Grant making policies Grants should be in line with our principles and priorf(ies, which include supporting hèalth improvements, glds empowermenL sustsinable livelihoods with priority gwen lo the communities of Idugo and Supinho. Financial revlew During the year lo 31 December 2023, the Charity had net receipts of £4.652 12022.. net receipts £14,973). At the year end, closing reserves stood at £19.625. of which £15.813 was unrestricted and £3,812 was restricted reserves. As al 31 December 2023, the bank balance was £26.518. Policy on reserves It was proposed that we should ensure we cari cover the costs of the girf's schooling for at least a -month peri¢xl in the event of unplanned circumstances arising necessitaling the ¢losureAetmination of the Foundation's activities. The c081 of the girts is around £1000 per annum and we are suppottng 8 girfs. On this bas, we should ensure that around £5000 sh¢)uld be held in resewve. As we are a new Charity. will take some time to ensure that we meet this reserve level. Page 6
Zalala Foundatlon Trustees, Report (continued) Inve$tm•ntpolicy and obJe¢tfvès Such a policy would only be needed in the event that we acquired a very large donation that was unlikety lo be spent within a year or less. This is fairly unlikety. Thus il was agreed that we do not an Snv&slment policy at present. structure, governance and management Recrultment and appointment of trustees The Charity identifie$ the need for new Trustees, this may be due to va¢xndes arising due to re8ignatlons or due lo a need for trustees vAth a specific skill set. Induction and training of trusle•s New Tnjstees are issued a role profit along with the Charity Commission Essential Trustee Guide and Trustee Code of Conduct. Organisatlon81 stru¢ture The legal and administrative detsils are li8ted on page 1. The trustees who served during the year are listed orb page 1. Governance. Intemal Control and Rlsk Management The trustees have reviewed the major risk of the charity and have taken action and eslablBhed Systems which wll mitigate any known risks. Al policAes and procedures are updated regularty. Statement of Trustees. Responsibilities The Iruslees are responsible for preparing Ihe trustees, report and the financial statements In accordance with the United Kingdom Accounting Standards Iuniie(l Kingdom Generally Accepted Accounting Pra¢ti¢el and applicable law and regulab"on$. The18w applicable to charities requires the Iru8lees lo prepare financial Statements for each financial year which give a true and fair view of the stale of affairs of the chartty and of the incoming resources and application of resource8 of the charity for that period. In preparing these financkgl slatemenls, Ihe trustees are required to.. select suitable accounting policles and then apply them consistendy,. observe the methods and prinPIeS in the Charities SORP; makejudgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed. subject lo any material departures disclosed and explained in the financial ststements. and prepare the financAal statements on the going concern basis unless it Is Inappropriate to presume that the charlty will continue in business. The trustees are responsible for keeping proper acwunling records that disdose with reasonable accuracy al any time the financAal position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charrbes IA(xounts and Reports) Regulations 2008, and the provisions of the Constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financi81 information induded on the charitable companls website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 7
Zalala Foundallon Trustsos. Report {contlnugd) Th8 8nThJal rep)rt W&4 Approved by thg trustees ul chwity on .. .. behalF by. Angd8 H Trusts8 Pago 8
Zalala Foundatlon Independent Examlner's Report to the trustees of Zalala Foundation I rerK)rt lo the trustees on my examination of the accounts of Zalala Foundation for the year ended 31 December 2023. Responsibilities and basis of report As the charity trustees of Zalala Foundatlon you afe responsible for the preparation of the accounts in aOrdanCe with the requirements of the Charities Act 20111'the Acl'l. I report in respect of my examination of the Zalala Foundation '8 accounts carried out under section 145 01 the 2011 Act and in carrying out my examinplion I have followed all the applicable Directions given by the Charity Commission under section 1451Sllb) of the Act. Independent •xaminer's st*ement I have ¢on)pleled my examination. I confirm that no material matters have come to my attention in connection with the examination giving me ¢ause lo believe that in any materhal respect.. 1. accounting records were not kept in respect of Zalala Foundation as required by section 130 of the Act- o 2. the acLounts do not accord wth those records", or 3. the accounts do not eomply with the accounting requirements con¢eTning the form and content of accounts set out in the Charitie5 IAccx)unls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair which is not a matter considered as part of an independent examination. I have no con¢em$ and have come aoross no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper urvjerslanding of the accounts to be reached. Catherine Williams FCA DChA Independent Examiner Westcotts ISWI LLP 47 Boutport Street Barnstaple Devon EX31 1SQ Page 9
Zalala Foundation Statement of Flnancial Activities for the Year Ended 31 December 2023 Restricted Total funds 2023 Unrestrl¢tsd funds Total 2022 Note Income and Endowments from: tX)nations and legacies 22,366 70,247 92,613 66.100 Total income 22,366 70,247 92,613 66,100 Expenditurg Qn: Charitable activifje8 6,173 {81,788) 187,961 51,1271 Totsl een111tUre Net incomel(expenditurel Net movement in funds Reconciliation of fund5 Total funds brought fard Total funds carried forward 12 6.173 81,788 87,961 51,127 16,193 {11,541} 4.652 14,973 16,193 {11,541) 4,652 14,973 380 15.353 3.812 14.973 15.813 19,625 14,973 JI of the charty's 8ctivities derive from continuing operations during the above tsvo periods. The funds breakdown for 2022 Is shown in note 12. The notes cn pages 12 to 17 fomi an integral part of Ihese financial statements. Page 10
Zalala Foundation {Reglstratlon numbor. 1198222) Balance Sheet a8 at 31 December 2023 2023 2022 Current a$s•ls Cash at bank and In hand 10 26518 16.8931 19.625 16.353 11.380 Creditors." Arnounts falling duo withln one yaal Nat a8sBts 14,973 Fund8 ofth• charlty.. Restrlcted incomè funds R881ritted lunds 3,812 1S.353 Unrestrlcted Incomo fur unrestrict knnds 15.813 380 Total fund# 12 19,625 14,973 fnan¢ia statements on pages 10 to 17 were 8pFYoved by the tru¥teeB. and aulh0ri8ed for Issue and signed on thor bèhaw by. An9ela Hadjip Trustge The notes on pages 12 to 17 *)rm an Int[al part of th958 financlal stateMt5. P80è11
Zalala Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 1 Accounting policies statement of compliance The financial statements have been prepared in aco)rdan¢ wlth the $ewnd edition of the Charitie8 Statement of Recommended Practice issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republi¢ of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation Zalala Foundation meets the deflnltion of a publK benefft entity under FRS 102. The a¢Unts (finanaal statemenl$l have been prepaied under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) lo these accounts. The accounts have been prepared in sterling which is the functional currency of the charity. Golng ¢oncern The tsustees consider that there are no material uncertainlies about the charivs ability to continue as a going concem. Income and endowmgnts Voluntary Incon including dOnatn$, gifts, legaaes and grants that provide core funding or are of a general nature is recognised when the charity has enliuement lo thè income, It Is probable that the income wll be receivèd and the amount can be mÈagLJred wlh sufficAenl reliability. Donatlons andlega¢les DonatNJns and legacies are recognised on a recelvable basis when receipt is Probab and the amount can be reliably measured. Expenditure l expenditure Is recognised once Ihere is a legal or constructive obligation lo that experKlllure, il is probable settlement is required and the amount oan be measured reliably. Ml costs 8re aSkJcated to the applicable expenditure heading that aggregats similar costs to that category. Where costs cannot be directiy attributed lo particular headings they have been allo¢ated on a basis consistent wth the use of resources, with cenlral Stsff costs allocated on the basis of lime spent, and depreciation ¢harges allocated on the portion of the asset's use. Other support cDsts are allocated based on the spread of staff costs. Charfeable athllles Charitable expenditure comprises those costs incuired by the charity in the delivery of Ils acts'vities and services for its benefidaries. It includes both costs th81 can be allocated directly to such activities and those costs of an indirect nature ne¢es8ary to support them. Grantprovlslons Provisions for grants are made when the inlentton to make a grant ha5 been communicated to the recipienl but there 18 uncertainty about either the liming of the grant or the amount of grant payable. Page 12
Zalala Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (contlnued) Govemance costs These include the costs attrlbulable to the charit¥s Cx)mplian with rn511tUtIOnal and slalulory requirements, induding audit. 8trategi¢ management and trustees meetings and reimbursed expense8. Taxation The charity is considered to pass the tests $el out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefore it meets the definition ol a charitable company for UK wrporatic)n tsx purposes. ArdInglY. the charity is potentially exempt from taxation in respect of income or capital gains received wlhin categories covered by Chapter 3 Part 11 of the Corporation Tax A 2010 01 Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Cash and ¢ash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are ieadily CA)nvertible to a known amount Df cash and are subject lo an insignificanl risk of change In value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees disclI0n in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for spedfic purposes, the use of which is restricted to that aa or purpose. Flnancial instruments Classlffcatlon Finanryal assets and ffnancial Ilabilities ere recognised when the charity becomes a party to the o)nlractual provisions of the instrument. Financial liabilities and equity instruments are dassified according to the 5ubstanee of the conlra¢tU81 arrangements entered into. An equity instrument is any contract that evidences a residual interest in the a$sets of the charlty after deducting all of its liabilities. 2 1ThMe from donations and legacies Unrestrictod funds General Re5tri¢ted funds Total 2023 DonatnS and lellaes. Donations from individuals 22,366 70.247 92.613 22.366 70,247 92,613 Page 13
Zalala Foundatlon Notes to the Financlal Statements for the Year Ended 31 December 2023 (contlnued) Unrestricted funds General Restricted funds Total 2022 Donations and legacies", DonatKJns from individuals 1.000 65.100 66.100 1,000 65,100 66,100 3 Expendlture on charitable activitie5 Unrestricted funds General Restrided funds Total 2023 Note Charitable activitie8 Grant funding of activities Governan costs 5,393 5.393 81.788 78Q 81,788 780 6,173 81,788 87,961 Unrestricted funds General Restricted funds Total 2022 Note Grant funding of activities Governan c£Jsts 49.747 49,747 1.380 51,127 1,380 1,380 49,747 4 Analysls of govemanco and support costs Governan¢e costs Unrestricted funds General Total 2023 IrKlependenl examiner fees Examinats'on of the financAal statements 780 780 780 780 Page 14
Zalala Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (contlnued) Unrestricted funds General Total 2022 Independent examiner fees Examination of the financial statements Legal fees 720 660 720 660 1,380 1.380 S Grant-making Analysis ot grants Grants to institutions 2023 2022 Anatysis Funda0 Zalala 81,788 49,747 6 Trn$tees remuneration and expense5 No trLeeS. nor any persons connected wth them, have reoived any remuneration from the charity during the year. During the year Tnjstees were relmbufsed out of pocket expenses. 7 Staff costs No salarie8 or wages have been paid to employees during the year. 8 Independent examiner's r•muneration 2023 2022 Examination of the financial statements 780 720 9 Taxation The charity is a registered charty and is therefore exempt from taxation. 10 Cash and cash equlvalents 2023 2022 Cash at barbk 26,518 16,353 Page 15
Zalaia Foundatlon Notes to the Financial Statements for the Year Ended 31 December 2023 {continued) 11 Creditows: amounts falling within one year 2023 2022 Other creditois Accru81s 5.393 1.500 6,893 660 720 1,380 12 Funds Balance ttt 1 January 2023 Balance at 31 Derember 2023 In¢oming resources Resources expended Vnreslri¢t•d funds General General Fund8 1380) 22,366 16,1731 15,813 Total unrestricted funds 13801 22.366 16.1731 15,813 Restricted funds Fundacao Zalala 15.353 70,247 81,788) 3,812 Totsl funds 14.973 92,613 187,961) 19,625 Balance at 31 De¢embgr 2022 Incoming resources Resources expendèd Unrestrlcted funds General General Funds 1.000 11.3801 13801 Restricted funds Fundacao Zalala 65,1C4J 49,747} 15.353 Total funds 66,100 {51,1271 14,973 The $pecAfic purposes for whid) the ftjnds are lo be applled are as ftloW$. Fundacao Zalala - these donations are used lo support a charity In Mozambique. Page 16
Zalala Foundation Notes to the Financlal Statements for the Year Ended 31 December 2023 (contlnued) 13 Analysis of nel assets between funds Tolal funds at31 DeGember 2023 Unrestricted fvnds G9noral Restricted funds Current assets Current Ikibilities 22.706 16,893) 15,813 3.812 26,518 6.8931 19,625 Total net asset5 3.812 Total funds at31 Decembor 2022 Unrestricted fvnds General Restricted funds Current assets Current liabilities 1,000 1,380 380 15.353 16.353 1,380 Total net assets 15,353 14.973 14 Related pakty transactions During the year a Trustee donated £20,000 12022.. £65,100) lo the Charity. There were no other related party transartK)ns. Page 17