Report of the Trustees and Finanaal Statements for the SWAZILAND Year Ended 31 Dernber 2024 for Swazilaftd Schools SCHOOLS PROJECTS Projects kL7isL¢r¢d (Jwrily Numbw: 1201192
Yew End 31 Dec•mber 2024 Repcrt ofthe Tru#ees ttythe Yw Erth 31 Decttnber_.........-..--..__ 12 PdgL
Swanland sd1$ ProFcts Yw Lr•ded 31 December 2024 Report d the Trustees for the Year Ended 31 December 2024 The Trurtees present their report with the firjancial staternents of the charityfor the yt41 eThdcd 31 Prxti¢e (SORPI 'A¢countir¢ and RewAb"ne by ch¥1¢,. It SIKd rK>ied readers thatthe r.t)untry thaneed name from Swalllar to Esww4 in 2019 tr1 the off•cial narTrr of the charity remwns urKharyed. Reference •nd Admlni5tr¥knT Dets115 R4istwd Qwity No 1201192 19 BirKk>n BLYifvrd MK41 OAL 55mth S ltlaIn l Nic115 K Fossey MBE L Mill•r il Uarkc Marth ?0?4 Awmnted March 2024 Prlnclp•l Bankafs PO Box 250 Delf Ht)use SkdmqrsdJ WN8 6wr Independent Examkntt Pwl G¢xre Swa7iland.Sd¥xS Prnjects I&SPI 1% a tharity re8iSter•d with the Clwity Commission. number 1201191 ar eobtnd as a aritable In(fjrwrated Organisation faol. Th• charty has operated for 25 years and transil¥Jned fr(rn Valed dwity 11?3689, to a CIO with effe¢X from l January 2024. Trust•es. are appointed to supeThryse and the charity and ar¢ iwuited because of their i•tpre5t in tt work of the (hwity w¥1 ttir Slf sk)Il& The are aPFInted hthe Trustees and are thernx4vr> Trus of thc dritY. Ihc IruSL deterniin•th• woiects to be undenaken and manaee the to athie%t objeds of rtrity.
Ycar tnded 31 DKEmbvr 202 Durirq 2024, tr Tnjstees welCned B¥ry Cjafkè Harry Woodrow as new Trnstees in Marth. At TSteE5 are farnliar 4ith the ¥A>rk of tht and ¥e irwtth bri•f•d Keith Fosw and/nr ste knrth a5 tD the work of th• CTrwfty. TTrRy with copie5 Otthe cA)rllution the policies that gOn hew th• ch¥ity opwatm. Opportunities to attend pJbhc spe•kn"ne en8aeements wh•r• th• work at th• ctrwity is d•scrib•d ar• a¥ai1ablL Inlorniatx)n abcAff tt rk of ¢hariry Is of traiThiNa and learnin¢ ¥#J keep themsefves up to date In relation lo their rol• Charity C¢Xnml( ¢on)MUThl1¢Kffj as well as fr(rn k¢al C£mrnuDsiy Vobjntary ser441 orgonis•tK•ffj. The Tnfftee5 have a proce55to assess ri5k5 and put in pl risk M¥ement contro15 10 fflibi•te tkne crths. Th's irKhJdLs 41 Irn irth re£sstU ft#ch is a reyhr bas15. As part of that the Trustees remew the of Ihe Chwfty's finafKsal Crtrs and th5 in¢l4des tnsuriry th¥t smt to eSwifii is used thr cE¥rEd thwft•bl• PUTP(¥5•5. TNT Trnst•Qs also ass•ss risks ta any ¥oluntq•fS who ¥isit tswatiThi and produce appropriate advice and support to mitigate thos• risk The Trustees ensure that awYowi4te IlaW and liaxlity inyurm Is in C•. Insurance is reviewed each year. AlonR wèth ati t)thEr th• tharivs &af•Ruarrfiry arreMentS are review The I rustee5 lie Ced wiih manweni MI 9JWVi5ioTr of tho affairs ofr the tharity. To An iudzernent to bpar srrery. usc vl rr50Ufs.' To art in l•th in th• wrtW•5ts d th• dwity •xl in the Inte$L ex¢rtv duc To promote the reputation and standiTha ot the chariry: To administer the charityfor the bemefft ot current. potentia and fulure bLyfICIa{e5. arily Lommi55ion.
swallnd W015 Proieas
Yts LndEd 31 Dqcwnbw 2024
Objects. ktivities and PubfK Benefft
The Chariiys 1n¢1 is to thance the educat of the thITrn and adults in Eswatini.
The Charfty doesthls in f
Year Erwjed 31 Dwiber 2024 Financial Review Chariry l•w requires tt Trust to wewre rNn¢i statemeTts for eath finarKial y•ar. whth giv• accounts, theTTu5tee5 rqqulred to: select wrtablc accountlng polidL% arKI apply thEm on a consistent basis: make judK•merrt5 and e5tirnate5 that are rEa5(Thble wJdent; Prepa the 4Lrounts on the 0(re conetsn b•sis, is Irwvoio ¥surhe that the th•rft¥ 11 continuo in The Trust•e5 ar• respon5ibl• tor 5•guardiTva assets al the charlty and for thek proper appllc3tinn required bY¢rity law. arbd tor taklr¢ reasonablc steps I th•r d•t•ction and preventim olfrald •KI ¢4her lrreeu1•i u)e dwfty 15 to nat •mploy st3ff or nrmalty be covered by the Into recer¥td throuth Glft P4d. Donors can b• satisfi•d. theref¢ye, that all drylat• rE1VEd are the of •ducl¢Jn Wb EswatlnL Results The net ¢peraW surkJs for the ar efNJed 31 2024 amount•d to E14.81&81 Ihc ¢h¥ily ¢mtsffln 115 ¢twMnilmEnl to muKThJrn Incom• tolurwj iwruries and proJeLts. In th• UK, d••th• adwr5• conditkm pos•d the Ix>st-pathnk Inllatth ¥KI oth•r •conoffllc chllffys. th• Trust••5 ha% rn•d to maintsin wxt>rne al a VXMI lel. A spuial Th•nk You to •ll th05• who donat•d w StandinK cd• Funds ar• also raiwl fr(n supwiitys ywps suth as schuo15, rotary dub5 and churchek The TTUSteQ5 reth Fiert fundiw from extern•l sourcv5 and additional w5t0 Rv)v• incom& Th•TruQees are p¥ts¢ul¥ly tr•idul to the Tru5tMs af Th• nl(lIn TTU5t. th• Grahwn Bates Trust arml the knjts f(x thE to supp¢rt our Yfvjork Ihcre were nD facetsface fundrnlsing events thrity 2024 aihwth a (olle¢tlon was 14ken at the The d)arity does not staff in the UK •NI 15 totaly depts-th ofttho of unpaid volunteers principalty the TSlee$. to undertake the v•riou5 rnarkry •nd fundraisit a¢¥ required fty the dTrtY ts fulfil 115 ttrJ5efurKts that are Wed w restrirted p•tsul* FwJrpv
As a matterof pcrficy. the Trustp&% reviéw annuallythev8lue of reserves requircd tti be held in casn or c¥5h euuivdlenl ar)d r{ restrKted for any purpcbge. The TTUStees considcrthp. ch8ritfs exposure to risk of arry signtficant loss of incomè. and to the risk ot unror&ss¥ri expenditurc. which cannffi be miti£atod tyTrustoe actrt. ana the tsegree of risk ascfitseo to E8ch such event Is asses3ed. 18 not the chartys w)Wto unbark upon may 1niti8tr8 Without CCMM)rttea lurKJw The Trustecs arOtel1 to Pdul Go(Jtling for in3peclin8 our Xcots. Health and Safpty Health The charffjiw&l, aA fw 85 is we85blY practical. 80ck to etwre Ihat those Vrt act A8 volunteery are fft for the tasks theywill undértake. The charity has producot18 number ot poU¢ie¥ and procedurcs to guidc lt)luntÈBrk ar ID lry to ensure tho heallh artd safety otthosc VOlunt8eT5. The ¢haTiry has a Risk Re$tr and apwopri8ie Insurnnce cOr lof TrLJStees. voluntlJlJT5 and Memb¢ otthc puOIK. Tho cnarity unoertakes the rwe33ary risk ass(xsment3 jnd will. whcre rtsasoftoNy practical. implpmert13 typpfopfijte controls. Training and lOrmatI0Th will bo lo ensurethot Ihoso at risk arc maoo ware. Accid•rrt reportin& The charitywll ?n%ure thjt Jll volunteers arc awaro oi ihe need zo rcport AU •¢cJdents aThJ dangerous occurr&nG85 lo Ihe Trustees, houl dclay. lollo¥Mng the accM1ent or occurrence. The Trustees wiii. IT ro.qUirea. rp.port under the Reportmw of Iniuries. Dlseasos ana Dangerous Ocburiences Re8ulat"ons 1995. Safeguaraittg Tne ¢hyTity takes tts dutics unavi thv. r.liil(Iren Act 1989 seriously ancl has approprwte proce(ture3 Jnd Trustoos apted lo meet its under Ule 1989 Tho Charity revltr rts proces3es ycar. AppiL>ved on behail otthe Boara OTTru8lee trlevei¥tbd M iavfion. Sociotary ZOLC ]
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts membera of 31 Decenthr 2024 hwity no (rf •ry) 12011Y2 dwity (Ihe T1"> the year trKled 31112r2024 R•sponslbHltl•s and b••i• of r•port As charity trusl¢es of Ihe Trlrf We for tho weparation 2011 (Tr Act-l urKkr 145 of the 2011 In Cr my exanwAt(m. I 14qSXb) Acl t•ffl•rt A¢1 17 14rith tha aaminaDon allentsc slyxdd bè dr&Yn ortkr enabl• a 31P 2025
Ermled 31 LkLtmber 2024 Paul GdI qualificat$) w body (rf Hl51de Bam. Lapwi Lane. Tlwe Ltr•Jer¥x•J. Nornhamptrffi, NN6 that th• •x•ffin•r disebx•. Independent eyaminerfs report to the trustees pleaSefir to folow my rewi (m the t£wnts and fttmnci reportsfix the year endiry De(¢mb¢r 31" 202 Responsibilities prtparcs amual account It is n(•d thatth• tharity rK>w • th•ng•d l•gal 5tatU5. r4)w bewe a Charitabk liKxwir¥lEd Oryanitioft Ich•rity numbw 12011921 as Ofr l.L24. Funds ¢tyrtinued to iectiKYl frfxn ihe okl charity11123689) throuah thefinancial year 2024. and indeed intttr January 2025 It•ixKI the SCOPE o thi5 rqxxtl. with assets belrytTJnS to the drity as detsiled rrpprt bcknw. Page 19
Ended 31 December 2024 4XrtinU•5 to lal betw••n the £25k and £2 tatsl oKom•lrnlKth Irel item 4.1.2 of the th¥riy Commission r¥1r 8uideline5 dated Nov 2016). Herts a full audrt is feqtsyed under section eXc••d. Howe%. as the gross irKome dearfy excee05 £25.1)Xi. an wKleperth examinatbon of th• accounts a5 Stipulated under 5•clion 145 of the sane act is rewire£L Thi5 oxJmirution is a forrn of exterr1 sc¥uiiny dr5.1snL to pro¥idc • liniied dck on spedfir matter5. a5 ryJt n the Ch¥ity reporriro euidelit. pertainye to CXYS with i£¢ under £251. and ft 15 1150 atth•ir discr•tion to whrfher an indeperrfleni examiTralion is dewned lo be 9Jffkknl, •$ vppv5ed to hjll •udlt by • ie8Jsiued pwtv. Basi5 of report cifiullr. 2. 1 w mnfjrni no corfikr of trrtwesr satisfled Ihat rw are both accurate, ar kept to the Tequircd 5tsndJrd. 4. th at the end of the reportir¢ ped, at the point of each major expenditure 1x31 durir¥ ihr the arcwmskn of thE tharity daarty been properfv consldered tythe trusteek All mapr expenditure was funded Un0nMberd. avatl•ble furrtts ensure thai the ie5efves held exceed thc liability from rSary commrtments forthe folli>wry y•ar. arbd thi5 is adher•d to. Tkn arè othpr evfjdenr li4lltiL¥ whith C. The orefat1¢$ rep ot March 2024 recommends further children to bUrry ¢them•.. ke•ry *thin (ap ol £iok on this torrn ot eN)endifurel(fjmmitrhtsrt. 5. Thetrustee< annual rewrts are c£ffiststent with both the finwKial recorth. and the prepared d tr latter ¥e in an foimat ststemert LhJrln¢ rny ex¥r4ftati ofthefin•ncial rectyth and aCCcrrts. nts maffer Iw come to my allenliun which might lead me to belie¥c that charity was not compliant with its obliRation ro keep appmpriat• accourthnK r•cord Page 110
T(W Ywne for the year reLX)rded at £74.570.35 Totsl eypendilure £59.75154 balartt <4 £195.01 ClosiTrJ baLinc of £1&011.82 Su tr of £14,816.81 No this incThne fyure CA £13660.46 Irknsfftrred frrrn the nld rth (wmbor 1123689). of a lotal of4 trws. te. ythit it is bayond the scope cl Ihis reFrrt I dld rKThthd•ss IPAt this left the lyd rtwty (1123689) with a balan( of £387.19 as o131.12.24, wxx)uftt Ihon reced furthar if0m8 al £145 January 2025. giving a nmsod balanc£ af £532.19, the whole then trwthrred to the ty as of 27.1202S General notss I say• plenly d •vpJen¢e of O¥WSi9hi of Iho fArtPJl in tharitys arKI (ty¢Ve. li cyerdlos a loc4ty bas•d crnwany, Charsry FuttY•WSwaThl Schoc4s PrqlS. whth is ttsdf * lo a local aLJiL l al dd(tsd Ihts knH(Ming I&MerA.. Reser4es and Budtr"ng FX Finanoal Procedwes o He*1 arKI Safety Safoguanl rÈ5ervos and txtin Name: Goodi Add Hltrdde aarn. Ljpin Larn. Tlwt u1¥wO. N1wthts, Uniw NN6 9NH Dat•: 30.06a02S
(incorporating an and ExpwKfiture afrAnt> v Year 31 Dr¢tntr 20Z4 Ta#43)24 67An Is 4.415 TL958 Ir*4•5trMrts 475 1gYJ 57J15 5%754 51JlS 59J54 14W7 Tutsl Iwyrtrd 195 J¥Td ryi th•r bqhytrr.
Year Ended 311)ecember 2024 For the Year Ended 31 December 2024 These accounts have preparpd cffi a rK•yts and payments basls under the hi5lc¥k41 c¥)st cvnvrniivn with iiun5 recvyised ai c05r (Y tralon vaJuL unlL35 gthcrwi5E stated in the felevant notels} to these accounts and with the Statement of P£com Prxtice: AcCtiry Standard apphrdble in the UK Republk of keland (FRS 1021 Issued on 16 July 2014. The tharity a pjblk bwrtfit wbty x defin•d FRS 102. This is indud&l in tr Star¢murt cl Fln¥Klal Actlth ISOFAI Twhen recti. pv1nltt by th• FRS 102 9)RP lx PK5 101 •ddition to th• swrb• fuwbd a the inilid dtVwl• unlE55 th• of th appftal hav• sp•crflad athv&vls& The value of any th)rbated 8ood& smryce4 txilit5 or voluntqwv rec•btd Is rnt kthlcd in thc Lcuunls bui r> dCsCrtt4 in the trustees, annual rrf*)rt Wt malerial. 2. Llabillty irt4urancL Page 113
Year Ended 31 tyecember )0?4 Don4tKn5 and i Gifr Aid 67.478 4N15 71.953 TcrtJ 67hY8 nA53 EvEnts 2558 1558 Ofvidnds 59 T(•l 7457V Ivenl custs L939 M•Tkeline 426 Oiiital thannrl cv5ts Total in3 723 rry yarts Proied RT4nts ilank thrE¢5 Trt 4475 515 5L525 57JlXI Tctsl 59.751 PAie 114