TANZANIA DEVELOPMENT TRUST Chadty Reg. No. 270462 TANZANIA DEVELOPMENT TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 e developman( projects in Tanzania. TDT works in the poorest parts of Tanzania, predominandy in rural communities too Small to be of interest to larger NGOS. and funds projects only in the poorest Administrative Regions of Tanzania. At 30 June 2024 these were Kagera, Kigoma, Simiyu, Mara. Dodoma Rural, Shinyanga, Tabora, Singida, Lindi and MNv8ra. Its main function is to fund small development projects In these areas, with the emphasis on clean water. girls, education, sustainable agriculture and environmental conservation. and small income- gonerating projects. The projerts are put foThArd by grass-roots organlsalx￿S in Tanzania usir¥J TDfs online granl application pro(ws. This is open to all eligible organisabons operating in the designated Regions that (an put forwartl suilable propcts. Oryanisatiorts apptying for grdnls tndwle Tanzanian NGOS and CBOS (o)mmuntty-based organisalions), sch(K44 village councils. women's organisations etc. The Ordy ￿￿0viS0 is tr￿t the projert fflust be of (x)rnmunty ber*fit rather Ihan benefiting indNiiduals oisingle famdies. The projects are usualty Carried ￿t by the benthiaries th￿*￿Ve& or 'J *l.,)21é CUVE Gfaf*oEY FCA TANZANIA DEVELOPMENT TRUST Income generation KAPECEDEFO, inle TOMA, charcoal production Tuun ane Women's Grou farmin Tanzania Youth & Children, soa makin in N okolo villa Boresha Ki ato Qualit throu h Income , sewin machiries in Wilunze villa KAWESO Ka era Women Environmental Societ , cookin stoves Tailorin for Women and Girls, N akashen Sin le Mothers. fish farm, Tu ite emee. Murufiti villa Tools for Self Reliance. mru Akina Mama Amka AMA ve etable farmin Youth With Car ent M ini Kati villa Other 18.258 4,677 3,927 1,958 1,826 1,467 1,152 1,063 1.032 579 Taled fish larmin with duck rearin in Mukididiri villa in Muleba 393 183 15.100 15,100 Mdu Dis ensa Note: la) Excludes projectthnded privately by BTS members Support received from othor organisatlons We would like to thank the many individual donors who have made this happen, and acknowledge the financial support ar￿ encouragenienl provided during the year by the follow¢ng organisations.. EUCanAid The Just Trust Wilmslow Wells for Africa The Big Give Charles Hayward Foundation The Sts)JteT Clyaritable TnJ8t H&J Rhododendron TNst Ona World Oxtèd Guernsey Ovarseas Commission G W Harrtngton Ltd University of Nollingham The Stevens Foundation Thè-Joseph Bailey Obering Foundation Key policles SafeguaTdlng. The tThtsl malThtains Ihe IMghè3t slèndards bf duè diligence ii Comes to the safeguarding of children and vulnerable adults and has 8 detailed safeguarding policy in place. addition. it seeks to ensure tbal its partners in Tanzania follow similar policies and procedures. Privacy. TDT'S privacy policy is consistent with the General Data Protection Regulation {GDPRI. Personal data relating to donors is stored securely, with limited access on a "need to know, basis. Donors and other parties who r8ceive regular infomialion from TDT have an "opl-out. option, and there is a right of objection to Ihe way in personal data is pro￿$$0a and used. Accounting. TDT follows the accounting guidelines set out by the Charity Commission for a charity of its size. Its accounts are based on a cash flow rather than an accruals basts, and because its turnover is less than £1.Om, they are independently examined rather than audited. euii* r6 Expenditures are directly related to income. TDT does not spend any money it does not already have. Because it has no staff, premises or overheads, and funds an adjustsble series of small short-term projects it holds a relatively low level of reserves. Fund-raising. TDT does not use professional fund-raisers. Its volunteers raise money from individuals, induding but not limited to BTS members, and small Trusts with whom it engages by providing regular feedback about its work. Local represenL*ion. The work of TDT'S local representatives in Tanzania is governed by a series of rules intended to avoid conflicts of interest with their other jobs. They are expeGted to make it Glear to local Gommunities that TDT will only support projects that bgn8fit the whole community irrespective of faith, race of gender,. the only exception to this Is tor projects targeted speciThcally on Improving the lot of women. Local representatives are not paid for their work but are allowed to claim travelling expenses tofftom projects. There are spectfic rules about bribery, which is not permitted. Prlncipal rlsks The main risks facing the charity 8re Tanzanian Inflation and foreign exchange rate variatlons, both of wh4th can sUbstantia￿Y Increase the cnsts of a praiect kJélJNeen sutjniission of the original graTht application and completion of constnjction work. TDT recognises this, and from time-to-time makes 'Iop-up" grants to offset thwncrease in costs. When this occurs, it results in TDT funding fewer projects. However, the pipeline of small projects that can be tumed on or off at short notice means that it does not pose an existential risk to TDT itself. Another signifi(2nt risk is the ability of local beneficiaries in TanLgnia to implement thetr projects to a salisfaGtory standard, on time and in budget. TDT mitigates this risk by using Project office￿ to evaluate all of its projects before the release of any money, and by using local representstives to monitor their progress and notify the Project Officers of any apparent problems as soon as they occur. Financial revlew TDT'S income and expenditure have been gradually increasing over time, although like many small charities, they fluctuate from year-to-year as a result of legacies and olher large. onewDff donations. TDT Income and Expenditure (£k) 300 250 200 150 100 50 .hlilllilill Ill Income Expenditure . Linear{Income} . Linear{Expenditure) TDTS income aNI expenditu￿ acxounts and balance sheet for 202&24 have been independenty examined by Clive Geoffrey Ashton, Fellow of Ihe Institute of Chartered Accountants in England and Wales, and have been found to provide a true and fair representstion of Tanzania Development Trust's financial position. They have also been approved by Tanzania Development Trust's Trustees, who certify to the best of their knowledge that there is no relevant infomiation of which the independent examiner is unaware. ¢JkL*J¥ ' Income & expenditure (£) 2022-28 Iler..-, Incoffte Donations Grants BTS Members. projects Retail. Other 2023-24 81,582 102,159 42,438 1,714 80 227.974 193,531 80,077 18,437 1,409 105 293.559 Expenditure Clean water Education Income generation Sustainable agriculture Other TDT ro ects SU￿t0121. TDT core BTS Members, projects . Other ex enditures rKlitu 82,505 70,018 14,392 2,564 145 169.624 44.512 5,515 219.652 108,769 93,332 18,258 15,100 235.458 25.122 1,784 262 365 Note- la) sales of Christmas cards and small charity-related gifts Balance sheet at 30 June 2024 (£) 2:J22-2J Iieir Assets Cash at bank Tanzania Development Tnjst BTS Members Tolal a&8ets Liabilities 2923-24 18,676 10.008 28.684 56-,556 3.323 59.878 0911112024 Approved by the Trustees on ............ . and signed on their behalf by: ,1.*29 Janet Chapman Chair of Trustee Board TANZANIA DEVELOPMENT TRUST CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report to the trusteesl members of Tanzania Develcynent Trust On accounts for the year ended 30th June 2024 Charity no (if any) 270462 Set out on pages I report to the trustees on my examination of the accounts of Ihe above charity Trusf) for the year ended Responsibilities and basis of report As the charity's tnJstees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). I report in respect of my examination of the Trust's a￿Ount5 carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under seGtion 14515)Ib) uf the Act. Independent Ffhe charity's gross income exceeded £250,000 and l am qualified to examlner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ l if not applicable. I have completed my examination. I confirm hat no material matters have come to my attention in connection with the examination (other than that disclosed below'} which gives me cause to believe that in, any material respect.. the accounting records were nol kept in accordance with section 130 ofthe Charities Act,. or the accrJJnlB did T￿1 aCCOTd with the accowjling rècoyds", OT the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have Gome across no other matters in onnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 2pZ+ 10 Name." Iv£ && &FP /<è-Y ASHf£W Relevant professional qualification{s) or body (if any): MErf Address: iuts KEE sr5¥ Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).