OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

BUDIRIRO TRUST REGISTERED CHARITY NO. 313921

GENERAL APPEAL

AND

ANNUAL REPORT FIFTY-FOURTH AND FIFTY-FIFTH YEAR 2020-2022

THE BUDIRIRO TRUST

Since 1967, Budiriro has given grants to many hundreds of young people in Zimbabwe, equipping them to play their part in the professional, administrative and technical life of the country. The Trust is committed to go on supporting the vital work of education in Zimbabwe at higher secondary levels and in technical and vocational training.

We offer bursaries to young Zimbabweans to enable them to undertake A-Level courses. Grants are made on the specific recommendation of head teachers. Close contact is maintained with the schools and, wherever possible, with the pupils, by our two Regional Co-ordinators.

Each bursary represents a commitment of two years, so that courses embarked upon do not have to be abandoned for lack of funds. Our aim is for each two-year grant to cover the actual cost to parents of fees and related expenses. Bursaries are awarded according to need but also with regard to a pupil’s character and ability. We are currently supporting six schools (three in the south and three in the north) and hope to extend that support in due course, funds permitting.

Please visit our website which has been recently updated:

http://www.budirirotrust.org

NOTE FROM SECRETARY

The Budiriro Trust has suffered the many constraints and inconveniences that everyone has suffered, both in the U.K. and in Zimbabwe and this has meant that we have had difficulties assembling the material for our Annual Report. Hence, this year’s Report covers two years, from 2020 to 2022 instead of the usual one-year period. We have tried to include most of the normal material covering both those years and have also included a few photographs taken this summer. We do hope you will understand the difficulties we have faced, and we hope that things will now proceed smoothly. We are very pleased that school life in Zimbabwe is now returning to a relatively normal situation,

Jeanie Moyo

3

CHAIRMAN’S REPORT 2020/21

It is with mixed feelings that I report to you on our operation as Budiriro this year. We were not able to meet in person in 2020 due to the Coronavirus pandemic that has affected all of us and changed the way we approach work, amongst many other things. I take this opportunity to reflect on all effects we have all felt, be it illness and sadly death as I am sure we have all been affected in one way or form.

The education situation in Zimbabwe did not need the pandemic to add to what has for many years been a dire situation for the country. If first-world countries struggled to contain the pandemic with all their financial resources, developing countries like Zimbabwe are still a long way from catching up. Only recently have students returned to school in anything that resembles what could be termed “normal”. In the case of Zimbabwe, our students are already in examination season; a tough period in normal times but frighteningly so this time as the students have not had much meaningful education for the past 2 years. The pass-rate in last year’s O-Level examination series was dire at 24% for students attaining 5 subjects at A*-C-grade. However, the A-level students maintained a high rate of 81% which is comparable to prior years. The reason I highlight these figures is to highlight just what the students are up against in achieving their goals. However, as I always say to students, they need to trust the process as that is key to them reaching their goals.

Due to the lockdown, we were unable to spend all the money that had been budgeted. With students at home for months on end, we did look at ways of supporting the students in other ways. However, our strict financial rules are limited to our purpose - to pay the fees of financially disadvantaged but academically able students. The logistics of providing this

4

support was really challenging for many reasons. We are glad though that last year’s Upper Sixth students completed their courses and are able to proceed to tertiary education and apprenticeships. The task of selecting a new cohort of Lower Sixth students from the O-level students was an extraordinary challenge this year as the results clearly suffered from the extenuating circumstances and it is always impossible to provide every applicant with a scholarship even though they all deserve one. Finance is our constraint in this aspect.

This is where our donors come to the fore. We are so grateful that our donors have continued to support us. The phrase “all-weather friend” comes to mind and it is clear to me that you all believe in what we are doing and we really appreciate this support despite the challenges that we are all facing. It is really true that all your funds virtually go to support the students as we have no office, employees or fees. Trustees serve voluntarily in ensuring that this important work is carried out. That is because, like the students, we trust the process and know that change is coming to Zimbabwe, one scholarship at a time. As we look to the recovery, I have a great deal of optimism that the young people of Zimbabwe will not be left behind for long.

Sikhumbuzo Ngwenya

5

CHAIRMAN’S REPORT 2021-22

To say that Covid-19 affected our operations adversely is an understatement. Education is our only focus and our children have lost out on a lot of learning. Whilst UK students had their lessons streamed online by their teachers, students in Zimbabwe could not always benefit from this facility because of constraints such as lack of wi-fi facilities in their homes and the expensive data charges that meant that our students were largely excluded from education.

I am pleased to report that for the first time since 2019 I was able to conduct a sojourn to Zimbabwe to see for myself the current state of the schools and the students. This is done at my own expense, as indeed is all the work of the Trustees for the Trust - in order to ensure that almost all donations go to paying the school fees of our amazing students. I was able to visit St. Paul’s Musami as well as Waddilove School due to the timing of my visit. I met Mr Hlombe, the Headmaster at St. Paul’s and it was clear that Covid protocols are implemented to a 100% compliance level, hence the infection rates were low at what is a Catholic boarding community. The students themselves were articulate and positive about their academic journeys. I am always struck by the high aspiration levels that our students have, despite their life situations. Education to them (and us!) is truly an engine for making remarkable change in their lives. The students never complain and are purely focused on attaining the maximum results they need to move on to tertiary education in Zimbabwe or to attract scholarships for universities abroad.

At Waddilove, I met the Headmaster, Rev Vazhure and Senior Teacher Mrs Muvevi. Again, the focus of ensuring that education continued without disruption was evident as extreme protocols were in place. The students are always the best reason to visit Waddilove. One of the outcomes of this visit was the understanding of just how difficult life was for Zimbabwean teachers. With a salary the equivalent of US$175 per month, this was an amount that could not meet all of their monthly obligations of food, healthcare, transport, fees for their own children and so on. In fact, to demonstrate how dire the situation is, as I discovered, without medical insurance, the cost of a doctor’s consultation ranged from US$75 to US$150. Falling sick in Zimbabwe is definitely not something that teachers can afford. Having said that, the quality of teaching at both schools was excellent, as demonstrated by their exam results. The students wrote full exams in the last couple of years, and, despite the many school closures, a lot of them were able to gain maximum points. This also demonstrates the intellectual abilities of the students, who, without the scholarships, would simply not be able to study at A-Level.

6

I then met our Co-ordinators, Martin Matanda and Ron Lumbiwa who updated me on the important operations that they carry out for us. Without them, our operation would be heavily constrained. Ron was able to advise me of the success that the Nyathi and Thekwane students had attained and their progression to university education. The Budiriro WhatsApp group is a successful means of communication that Ron has set up, meaning that it is easier to track the students and to keep in touch with them too. Both Martin and Ron are exploring more partnerships with schools in Zimbabwe so that we can try to offer scholarships to a wider range of schools.

The Budiriro Appeal has been going since 1967 and has made an immense difference to thousands of families in Zimbabwe. Your support as a donor has been and will continue to be critical in giving these deserving children a chance to change the course of their lives. I want to thank you for this role that you play in the process and hope that you, as a friend of Budiriro, have the same level of pride and satisfaction that we do in the output of success that the students attain.

Sikhumbuzo Ngwenya Chairman

7

Some recent photographs from two of our northern schools, taken in Summer 2022

Upper Six Students at St Paul's Musami 2022

Meeting the Headmaster of St. Paul's Musami, Mr Hlombe (right) with Mr Matanda, Northern Co-ordinator (left)

8

St Paul's Musami, one of our partner schools in Zimbabwe

Waddilove School is a high-performing Methodist School in Zimbabwe

Our amazing students at Waddilove High School

9

NORTHERN REGION ANNUAL REPORT 2020-2022

The preceding two years have created numerous challenges and highlighted creative solutions from within a Zimbabwean context. With the strict Covid protocols, movement in Zimbabwe has been restricted due to the curfews that were put in place by the government to stop the spread of the virus. I was not always able to travel to the schools due to the lockdown stages that we were in at the time I needed to carry out my function. As a result, greater use of email has been necessary and has meant that the schools themselves are using email more to communicate. For example, I was in a position to receive the receipts and student reports in this way. However, I do like to interact directly with the students to ensure that they know we are here to support them and to encourage them to perform well in their exams. The roads to the schools are largely tarred to both of the school gates, so in normal times they are accessible.

The students always express their gratitude to receiving the bursaries as they would most definitely not be able to complete their studies were it not for these scholarships. So please, Trustees and Donors, continue to do your all to support Zimbabwean students. The students are largely science students, which is good for the future of Zimbabwe as the government has been promoting STEM subjects for some time.

In terms of performance, I am pleased with the results that the students have attained in the last couple of years. Bearing in mind that the students have missed a great deal of their schooling due to the government shutting down the schools because of Covid, the students have done pretty well in the exams, as they had to write them and were tested on the full syllabuses. Some of them were able to access education from teachers in their home areas who tutored groups of students during the pandemic.

Now though, schools are back to normal, but the school fees are a constant problem for parents because of the lack of money that most parents face in educating their children.

Martin Jim Matanda Northern Region Co-ordinator

10

Southern Region Co-ordinator's Report To The Budiriro Trust For The Year Ending 30 June 2022.

Warm greetings to the Trustees from all in Zimbabwe, I bring special greetings from the southern region partner high schools ie Inyathi, and Thekwane. This report will be for the period covering July 2020 to June 2022. At present I am not able to communicate with St James High School as explained below.

This period was still dominated by COVID19 which has since slowed down a bit with deaths and hospitalisations on the decline. We pray and hope the situation improves so we can get back to something close to preCOVID years. The pandemic spared no one and we are still adjusting to the new way of life as a result. This pandemic affected the school calendar to some extent but not as badly as in the previous reporting period. The writing of exams, marking of scripts and final dispatching of the results was affected this year. This in turn affected the selection of L6 students. Some teachers’ unions had arranged for a strike earlier in the year fortunately that did not affect our partner schools.

In this report I will attempt to cover the following activities:

Payment of fees:

Payment of fees went well. Fees was paid on presentation of school invoices as and when the schools opened in 2021/22. Payment was made as per invoices provided. Any shortfalls were adjusted in the following term’s settlement. The Reserve Bank of Zimbabwe advised that all local transactions be invoiced in local currency, settlement can be in both local currency and forex at the prevailing official exchange rate. We stand guided by the authorities, as always. I have since emailed term 2 invoices from Inyathi and Thekwane.

Selection of new 2022 bursars :

The process of selecting 2022 bursars is on course, the schools have submitted the application letters and forms from the students. I have since forwarded the same to Emily, our Treasurer. Thekwane submitted 8 and Inyathi 6 applications. As in the previous years we used the same forms

11

for bursars as provided. I reminded the schools to always follow the set Budiriro guidelines, use supplied forms and always shortlist students who would have passed English and Mathematics amongst other subjects. The schools are stating that some students are shy to make applications, not sure why? At times they struggle to get 10 applications in a year. I am hoping to engage the heads and see if we can find a way in which the students can be encouraged to apply.

School Visits and progress reports:

I visited two schools Inyathi and Thekwane in Mid-September 2021. I managed to meet and chat with the L6s at both schools. All schools are observing the COVID19 protocols as advised by the parent ministry guided by the Ministry of Health. All travel and visits to schools is in accordance with prevailing COVID situation and applicable protocols and restrictions. I emailed the progress reports and letters at the end of each term. Also took pictures and short videos of L6 2021 and shared those on our WhatsApp Group.

U6 2021 final Results:

At Thekwane four students wrote and passed 2 or more A level exams. Their results are as follows:

Name Subject Grade
Nelisa Masukume Accounting B
Buss. Studies C
P. Maths D
Statistics A
Economics A
Paida Pasipamire Biology B
Chemistry O
Physics O
P. Maths E
Thabang Ngwenya Biology A
Chemistry D
Physics D
P. Maths A
Noel Dube Comp Science B
Chemistry E
Physics E
P. Maths A

Students who sat 2 or more subjects at Thekwane were 93, school pass rate was 94.6% and bursar pass rate 100%.

12

Inyathi 3 students wrote and passed 2 or more A Level exams. Results as follows:

Name Subject Grade
Nomvelo Mpofu History A
English Literature A
Ndebele Language B
Grace Munhokwane Comp. Science A
Physics O
P. Maths D
Nigel Bhebhe Comp. Science A
Physics C
P. Maths A

Students who sat for 2 or more subjects at Inyathi were 78, school passrate was 100% and bursar pass rate 100%. Nomvelo was the second best all-round student at Inyathi. Congratulations to her.

Please find attached the school results analysis from Inyathi and Thekwane. Good luck to our bursars and we wish them well in their chosen career paths.

St James

We are sad indeed that a problem has arisen with St. James School and the Bishop of the Anglican Diocese of Matabeleland. We are working hard to resolve the issue and hope to resume normal relations with the school in the course of this year.

Conclusion: 2021/22 has not been as bad as the previous year regarding COVID. Some lessons are still being conducted virtually, but not all students have easy access to smartphones or laptops and to worsen a bad situation, data is expensive for the average child and network can be a problem in some areas. We congratulate the students for the effort put in and wish them well in their future endeavours. The economic situation is not getting any better in the country and times are hard for many people. The beneficiaries and their families are so grateful for all the support they are getting from Budiriro and I would like to thank Budiriro for the continued support it is giving to those deserving assistance especially during these trying times. Keep up the good work.

Ron Lumbiwa Southern Region Co-ordinato r

13

LETTERS OF APPRECIATION

In June 2021 we received two unsolicited letters from two of the schools we support: the first is from St. Paul’s Musami High School in Harare. We present below a copy of the letter sent by Mr. Hlombe, the Headmaster:

“Re: Expression of our Gratitude

The Headmaster and staff of St Paul’s Musami High School acknowledges with a deep sense of gratitude the support our learners have received from you over the years. Wide avenues which were unfathomable have been opened for many of our present and former learners. Many past Budiriro Trust beneficiaries have expressed themselves glowingly in the academic world and places of work. We heartily thank you and wish for an unending relationship.”

The second letter came from Mrs L. Muvevi, Deputy Head of Waddilove High School, Marondera and we publish an excerpt below:

“Firstly, I would want to thank you for always being there and making the dreams come true, especially for the learners who would have excelled academically but struggling to proceed to “A” level. I am proud to say that, all the learners that you help, always come out with very high and quality grades. May the Lord always guide you in all your efforts.”

It is heart-warming for us, the Trustees of Budiriro, to read these words and we wanted to share them with you, our supporters, who make our assistance to these students possible.

Jeanie Moyo Secretary

14

JOSHUA SITHELA MPOFU

12/5/1939 - 1/12/2020

Joshua was born in in 1939 and raised in a rural community near Esigodini, south of Bulawayo. At the age of 15 he was awarded a scholarship to study as a boarder at Inyathi along with his elder brother. He once described how his brother received an offer of agricultural work and decided not to join him at the last minute. Their divergent paths helped to forge Joshua’s belief in education as a route to better life chances. Secondary education as a boarder at Inyathi left a life-long commitment to the school and fond memories of the staff. On a trip to the UK in 2015 he tracked down former teachers of his living in Norwich and Hastings. One still had a photo of Joshua in a school play.

During the liberation struggle Joshua trained as a teacher although at one point there was talk of him going to Moscow to train as a doctor. He excelled as a teacher though and rose to become Deputy-Head of Fletcher High School. From there, with the support of Maureen and with a young family in tow, he moved to Northlea to become the first black head of a formerly whites-only school. At Northlea Joshua worked tirelessly to secure teachers and resources for the school as the student numbers expanded rapidly. Later on, he created an innovative twinning arrangement with Bishop Wand School in Sunbury-onThames in the UK.

The post-independence years were difficult in Matabeleland. Joshua described visiting Joshua Nkomo in 1987 with a group of notables to question the accord with Mugabe’s ZANU, which Nkomo said was necessary simply to stop the violence. After the start of land redistribution in 2000, Joshua went to the local administrative offices near Esigodini to check for himself whether the redistribution process was based on any set of fair principles. Despite being offered land in later years, as part of the programme, he refused as a matter of principle.

15

Joshua was intensely committed to his family and the education of his four children, Unami, Vusumuzi, Mehleli and Bonani. He was an active member of the UCCSA Church and, for a period, the secretary of the Eagles Football Club in Bulawayo. He was also a staunch supporter of Liverpool - football was a life-long passion. He was a notable figure in the community in Bulawayo; walking across town with him was always a slow process as he was known and respected by so many people.

After retirement Joshua continued to be active in the group of former Inyathi students who raised money to support the school. He also belonged to a group known as the Committee of Friends which supported science education in Matabeleland. In 2011 he agreed to become the Southern Co-ordinator for the Budiriro Trust in Zimbabwe and he threw himself into the work of Budiriro in an energetic, diligent and self-less way. He drove many times to the schools in the rural areas to meet the students and staff, collect application forms and to provide support to bursars. It is fair to say that the re-launch of Budiriro in southern Zimbabwe would have been extremely difficult without him.

Joshua battled kidney disease in his later years and from early 2020 was on dialysis. He was cared for with love and devotion until his passing by Maureen and his children at the family home in Bulawayo.

Tom Barratt

16

REGIONAL CO-ORDINATORS

Martin Matanda (North) Ron Lumbiwa (South)

17

TREASURER’S REPORT 2021

The financial picture for the year up to March 2021 has, of course, been significantly affected by the effects of the various restrictions in place due to the COVID 19 situation. Sadly, the schools in Zimbabwe were not able to open for long periods of time which will no doubt have an impact on our students’ studies. In turn this meant that the only school fees sent to Zimbabwe during this financial year relate to Term 3 2020 for our Upper Sixth students who were due to sit their exams during that Term. The late re-opening of the schools in the spring meant that Term 1 and 2 fees were not sent until mid- April 2021 or later in some cases.

Total donations received are down a little from last year to just under £16,000, however this figure is almost entirely made up of regular standing orders and Direct debits which are invaluable to us and provide security for the Trust when making decisions on future scholarships. The overall figure also includes greatly appreciated ongoing support from other Trusts including the Harris and Westcroft Trusts. We regret to inform our supporters that this will be the last year we shall benefit from the significant support we have received over the years from the Westcroft Trust. We would like to thank them sincerely for their generosity and assure them that they have assisted numerous students that we would never have been able to support without this extra source of income. If any of our supporters know of any private Trusts who may be interested in supporting our cause please do not hesitate to get in touch.

Given the ongoing restrictions on social gatherings, there has been no opportunity to organise a Christmas Dinner or other fundraising events this year, we are very much hoping to be able to plan something in the near future so if anyone has any suggestions on what this might look like or would like to be involved in the organising of such an event please do not hesitate to get in touch.

Megan Chappell continues to work hard to keep our Facebook page updated with our current activities. Facebook is proving an invaluable resource in maintaining contact with past and present students directly as well as bringing in new donors. If you have internet access (or know

18

someone who has) please do visit and ‘like’ our Facebook page: www.facebook.com/BudiriroTrust

I am pleased to announce that we recently have registered with Amazon Smile – this means that any of our supporters who use Amazon for their online purchases can use the following link https://smile.amazon.co.uk/ch/313921-0, and Amazon donates to Budiriro Trust, at no cost to you. Please note – you have to make sure that you use AmazonSmile each time you shop rather than the main Amazon site, you will still have access to all the same products but it will ensure Budiriro receives a percentage of every sale. Test out the link above and set it as default on your computer or phone before you start your Christmas shopping!

Tax reclaimed under the Gift Aid scheme continues to provide an important income stream, and this year we were able to claim back £3277 from eligible donations which provides the funds for more ‘A’ level scholarships. If you are eligible and have not already done so, please do complete a Gift Aid declaration. These can be downloaded from the website, and sent to the Treasurer. The current low interest rates mean that interest earned on savings this year was only £21 in total.

We continue to use Currency UK (previously called FTT Global) for our foreign exchange transactions. They provide a fast, efficient, dedicated service for Charities and we incur minimal charges compared to using the High Street Banks, as well as often getting a more favourable exchange rate. Thanks also go to Edward Wright from Hockley Wright Accountants who has taken over the task of doing an Independent examination of the accounts from Jenny Pinard. He has also kindly offered his services free of charge this year.

As always, I would like to take this opportunity to thank all of you for your ongoing support, without which we would not be able to continue this much needed work.

Mrs Emily Chadburn Treasurer

19

I report on the accounts of the Trust for the year ended 31st March 2021, which are set out in pages 21 to 22

20

l&Y*J 27F 4Th tJA7 7J 21

at315t11￿ch2O21 TaxréfiTht$4w dsTse CAF &5bknunl 19. 25 789 iJ.075 IT.n• rbna*n Current IlaDiithes SMdrycwIt￿ &a¢tyuA TOTALNET A8SETS 1L14BILm￿i uMul4tqd Fur SLwpILslldefvitl 078 6a174 &xplY4lldefidt) trtheyew 15.ffj4 SURPLVSI wicm rAQ7J gy UKTr¥6w. EmIlycr4tr￿M te. 80th￿2￿7 22

TREASURERS REPORT 2022

I’m pleased to report that our schools have been open for most of the year up until March 2022 which in turn shows as increased expenditure on school fees compared to the previous year. The total spent on bursaries this year is back up to £30,605, reflecting this fact. Regular donations continue to be our main source of income and we are grateful for this being maintained at around £18,000 this year. Special thanks go to one of our former Trustees, Jean Raphael, for recommending us to the All Saints Sisters of the Poor (Oxford) for a generous donation of £6000 this year. We also wish to thank the Harris Trust for their generous ongoing support.

Megan Chappell continues to work hard to keep our Facebook page updated with our current activities. Facebook is proving an invaluable resource in maintaining contact with past and present students directly as well as bringing in new donors. If you have internet access (or know someone who has) please do visit and ‘like’ our Facebook page: www.facebook.com/BudiriroTrust Megan is also working on getting Budiriro an Instagram presence

Tax reclaimed under the Gift Aid scheme continues to provide an important income stream, and this year we were able to claim back £3494 from eligible donations which provides the funds for more ‘A’ level scholarships. If you are eligible and have not already done so, please do complete a Gift Aid declaration. These can be downloaded from the website, and sent to the Treasurer. The interest rates remain very low so interest earned on savings was negligible at less than £10.

We continue to use Currency UK (previously called FTT Global) for our foreign exchange transactions. They provide a fast, efficient dedicated service for Charities and we incur minimal charges

23

compared to using the High Street Banks as well as often getting a more favourable exchange rate. Thanks go to Tracy Rhys-Williams for providing us with book-keeping services at a discounted rate. This removes a significant amount of work from the Treasurer’s shoulders for which I am very grateful. I also wish to thank Christine Edwards who has kindly taken on the task of performing the Independent examination of the accounts at short notice.

As always, I would like to take this opportunity to thank all of you for your ongoing support, without which we would not be able to continue this much needed work. The economic situation in Zimbabwe is very fragile and unpredictable which makes planning ahead problematic but we know that with your ongoing support and regular donations we can continue to provide support for our students during these uncertain times.

Mrs Emily Chadburn MRCVS Treasurer

24

Budiriro Trust UK IndependeDt Éxaminerfs Repjrt for the ￿afe1thd 31 Marth 2022. As the charity'5 trustees, yots are responstbbe for the preparatJn of the acctyJnts in acCOrda￿e with the requwementsof the Charit5Act 20111"theA¢f I have examined the accountyw r￿d$ pre$W￿ to meand fy)te the folknwirw.. Fund RaI￿r￿S Expense5/FXet￿0k CoNdinatorexww are £44(K), of which £2(W relate5 to the year 2(O)12021. Receipt5 are not avaiLible from every school ￿e Bwsaries ha been awarded in this financial year. Hawng discussed th￿ with Ernity Ch•d￿rn. l understsnd thai receipts are received pefoj1cal￿aThJ on occasw)ns when receiptsare noi iMmed￿le1y3vallab1e, wsit5are made by Reg￿)r￿4 C(F0rdir￿lors to ensure that Ib)se chJren awarded Bursaries are attending the sth()l. Based on my examination ofthe accourtir record5 aThJ bank statements. I mnfirn? ihar no mater411 matters have come to my atteTrtion in ronnett)n wirh the e￿Mination (other than that mentioned above) which gives me reascA)able cause to Wvethat in, any material respect.. the 0ccotsnt￿& retorfs were not kept in accordance w¢th soctyin 130 of the ChariliesAtL' or Ihe accountsdwj accord with I￿ate0￿￿tI￿ records: or theaccountsdwj comply with ￿ aWiratrAe requirements. I have no concems aThJ ha¥È torr* across rw) other matters ir¢ connettion with the eyamination to whKh a¢terblion shoukl ￿ ¢travm in thi5 rep)rt in order to enablE a proper urKlerstantlin8 of the accounts to be reached. Christine Edw￿￿5 Date.. 21312tJz 25

Budiriro Trust Income and Expenditure Year end 31st March 2022

Current year Previous Year
Income £ £
Donations received via Lloyds 7,256.50 6,361.50
Donations received Online 10,437.83 9,350.72
PayPal Donations 0.00 52.50
Donations from Trusts/Charities 3,000.00 8,000.00
Corporate donations 6,000.00
Sponsored events 410.00
Memorial Donations
Tax reclaimed Gift Aid 3,493.56 3,277.45
Lunch Payments
Investment Income 7.89 21.27
Total income 30,605.78 27,063.44
Expenditure
Bursaries Awarded 29,260.72 8,235.88
Direct Expenses
VMG/CAF/iZettle fees 279.61 275.56
Fund Raising Expenses/Facebook Coordinator 4,400.00
FB/Website costs 99.00 99.00
Bank charges and interest 52.99 50.00
Printing and stationery 347.00
Hire of rooms/refreshments 243.50
Regional co ordinators (Zim) remuneration 3,177.23 2,624.03
Bookkeeping charges 105.00 175.00
Total expenditure 37,965.05 11,459.47
Net Profit/(Loss) -7,359.27 15,603.97
Current year Current year
Bank balances: £ £
Lloyds Current Account 8,981.95 19,087.97
CAF Cash Account (0%) 29,614.73 25,769.42
CAF Gold Account (0.2%) 46,992.58 46,984.69
TOTAL 85,589.26 91,842.08

26

Budiriro Trust Balance Sheet

Year end 31st March 2022

Current Assets
Tax Refunds due
LloydsTSB Current account
CAF Cash Account
CAF Gold Account
Current Liabilities
Sundry creditors & accruals
TOTAL NET ASSETS/(LIABILITIES)
Represented by:
Accumulated Funds
Surplus/(Deficit) brought forward
Surplus/(deficit) for the year
SURPLUS/(DEFICIT)
31/03/2022
3,133
£
8,982
£
29,615
£
46,993
£
88,723
£
1,400
£
87,323
£
94,682
£
7,359

87,323
£
31/03/2021
2,840
£
19,088
£
25,769
£
46,985
£
94,682
£
-
£
94,682
£
79,078
£
15,604
£
94,682
£

27

OFFICERS AND TRUSTEES

Chairman Mr Sikhumbuzo Ngwenya
ngwenyasr@yahoo.co.uk
99 Herons Wood, Harlow CM20 1RT
Vice Chairman Mr. Thomas Barratt
tombarratt@live.fr
149 Somerset Road, Bristol, BS4 2JA
Treasurer Mrs Emily Chadburn
budiriro.trust@tiscali.co.uk
39 Silverdale Road, Burgess Hill, West Sussex, RH15 0ED
Secretary Mrs. Jeanie Moyo
j.mmoyo@tiscali.co.uk
9 St. Helen’s Gardens, North Kensington, London W10 6LW
Trustees Mrs Dinah Holderness
diholderness@email.com
74 East King Street,Helensburgh, Argyll and Bute, G84 7RH
Mr David Ives
davidrives@btinternet.com
Hacketts Cottage, Church Lane, Henfield, West Sussex, BN5 9NZ
Ms Penny Morrison
pennymorrison5@aol.com
19 Bayham Road, Sevenoaks, Kent TN13 3XD
Professor Euan Nisbet
e.nisbet@gl.rhul.ac.uk
11A Church Road, Hauxton, Cambridgshire, CB22 5HS
Legal Advisor Mr Duncan Rabagliati
duncan@rabagliati.com
4 Wool Road, Wimbledon, London SW20 0HW

28