Zimbabwe Educational Trust
Charity number 327519
Annual Report and Financial Statements for the year ended 31 December 2020
Zimbabwe Educational Trust
Annual Report and Financial Statements for the year ended 31 December 2020
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Receipts and payments account | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 to 9 |
Prepared by West Yorkshire Community Accounting Service
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Zimbabwe Educational Trust
Trustees' report for the year ended 31 December 2020
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Dates Mr Derrick Mkandla Chair Dr Colourgrad Mpoko Secretary Mr Adam Ranson Treasurer Mrs Octavia Goredema Resigned November 2020 Professor Ray Lloyd Mr Stuart Kempster Memory Maramba Hannah O'Riordan
Advisors
Mr Vulindlela Mkandla
Charity number
The charity was registered with the Charity Commission for England and Wales, number 327519, on 12 August 1987.
Principal address
Former Bridge Street Church Bridge Street Leeds LS2 7QZ
Bankers Leeds Building Society The Co-operative Bank p.l.c. Mercantile House P.O. Box 101 Silverlink Business Park 1 Balloon Street Wallsend Manchester NE28 9NY M60 4EP Independent examiner Claire Welling West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is governed by a Trust Deed adopted on 24 July 1987, amended on 7 December 2006 and 24 June 2014.
Method of recruitment and appointment of trustees
A new Trustee may be appointed by a resolution of the Trustees recorded in the minutes and signed by the new Trustee and such record shall be conclusive evidence of this appointment.
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Zimbabwe Educational Trust
Trustees' report (continued) for the year ended 31 December 2020
Objectives and activities
The charity's objects
To advance the education of students resident in Zimbabwe by the provision of financial assistance, and of accommodation or assistance in the provision of accommodation, to enable such students to further their education in Great Britain.
To provide financial assistance towards charitable educational projects within Zimbabwe particularly but not exclusively the Zimbabwe Educational Trust Resource Centre in Buluwayo.
The charity's main activities
Supporting Zimbabwean communities to keep children in school and out of poverty, primarily through fundraising and project management support. Our work focuses on four thematic areas: children’s rights; girls’ empowerment; health & nutrition; and resources & infrastructure.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular:
Child protection and the advancement of education and opportunity in Zimbabwe, Tackling the effects of poverty,
Girls’ and women’s empowerment.
Achievements and performance
ZET UK:
Continued to support our three partners through fundraising efforts in the UK as well as collaborative capacity building support.
Though covid-19 has affected our operations and that of our partners we all maintain a relatively normal level of service delivery in support of those we serve.
Trinity Project:
Worked with community members and organisations to increase knowledge around birth registration increasing capacity to advocate for services whilst challenging culture on the issue. Ran clubs for boys and girls covering issues such as early child marriage, teenage pregnancy, sexual and reproductive health & rights and birth registration.
Continued its diverse portfolio of work supporting vulnerable children in the community.
Made key advocacy gains in achieving changes to legislation making it easier for children to obtain birth Reached hundreds of families through community outreach, awareness raising sessions, and mobile support services like drop-ins and advice clinics. Each family was helped with unique advice and support for their case, touching on a range of registration and socioeconomic rights issues.
Rafiki Girls Centre:
Trained 120 girls this year in life skills, personal development and a vocational course with work experience the majority of which went on to access further education or employment.
Received the 2nd year of a 3-year DFID/Jo Cox Memorial Strengthening Grant that enabled the centre to increase the intake of girls.
Ran a number of extracurricular events including HIV workshop, careers day, counselling, educational field trips and recreational activities for students.
Foundations for Farming:
Continues to work with schools and community organisations nationwide to train teachers and students in conservation agriculture.
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Zimbabwe Educational Trust
Trustees' report (continued) for the year ended 31 December 2020
Objectives and activities
Financial review
The net receipts for the year were £13,111, including net receipts of £2,819 on unrestricted funds and net receipts of £10,292 on restricted funds after transfers.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £11,649.
It is the policy of Zimbabwe Educational Trust to maintain free reserves at a level which enable the charity to meet our objectives and support our beneficiaries.
A minimum level of reserves equating to at least three months of unrestricted expenditure and a maximum level of reserves equating to twelve months is considered sufficient to cover our overheads, including management, administration and support costs, as well as enabling us to respond to emergency needs which may arise in this period.
Impact of Coronavirus
Whist the organisation has felt the impact of Covid-19 we have, overall, not been negatively financially impacted. In spite of the circumstances our main funded DFID contracts were able to continue and other fundraising streams yielded good results. In spite of significant uncertainty as to the funding environment including major donors, institutions and individual giving it is the view of the board that finances remain stable and opportunities to receive on-going/new funding remain viable.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity's ability to meet its liabilities as they fall due.
Signed on behalf of the board of trustees:
Signed: Derrick Mkandla Date: 5/5/21
Name Derrick Mkandla (Trustee)
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Zimbabwe Educational Trust
Independent examiner's report to the trustees of Zimbabwe Educational
Trust
I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 December 2020, which are set out on pages 6 to 9.
Responsibilities and basis of report
As the charity trustees 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 accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2 the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Claire Welling Name: Claire Welling
Date: 5/5/21
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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Zimbabwe Educational Trust
Receipts and payments account
for the year ended 31 December 2020
| Notes 2020 Unrestricted funds £ Receipts Grants (2) 700 Individual donations 6,807 Business donations 256 Gift Aid 888 Fundraising 100 Bank interest 58 Schools partnership - Total receipts 8,809 Payments Salaries and payroll (3) 14,869 Insurance 254 Bank charges 289 Office supplies 241 Accountancy and independent examination 336 Membership fees 41 Foundations for Farming - Trinity project 449 Loan to the Trinity project - Rafiki girls centre - Staff and volunteer expenses 201 Rent and office services 585 Site visit - Fundraising 61 Total payments 17,326 (8,517) Transfers between funds 11,336 Net movement in funds after transfers 2,819 Fund balances brought forward 8,830 Fund balances carried forward (4) 11,649 Net receipts / (payments) |
2020 Restricted funds £ 95,775 1,740 - - - - - 97,515 - - 36 - - - 3,426 44,284 - 28,141 - - - - 75,887 21,628 (11,336) 10,292 9,219 19,511 |
2020 Total funds £ 96,475 8,547 256 888 100 58 - 106,324 14,869 254 325 241 336 41 3,426 44,733 - 28,141 201 585 - 61 93,213 13,111 - 13,111 18,049 31,160 |
2019 Total funds £ 41,022 7,255 562 1,305 164 33 71 50,412 8,292 204 175 42 336 - - 1,193 850 24,903 23 947 2,126 - 39,091 11,321 - 11,321 6,728 18,049 |
|---|---|---|---|
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Zimbabwe Educational Trust
Statement of assets and liabilities
| as at 31 December 2020 2020 Unrestricted £ Cash funds Cash at bank Leeds Building Society 1,693 Co-op current account 6,629 Co-op reserves account 3,025 Co-op grant account 298 Cash in hand 4 Total cash funds 11,649 Other monetary assets Loan to the Trinity project Assets retained for the charity's own use Computers and office equipment Liabilities Independent examination Quarter 4 rent arrears |
2020 Restricted £ - 5,161 - 14,350 - 19,511 |
2020 Total £ 1,693 11,790 3,025 14,648 4 31,160 £ 850 850 £ 420 190 610 |
2019 Total £ 2,191 2,340 10,474 3,014 30 18,049 |
|---|---|---|---|
Approval of the accounts
The financial statements were approved by the board of trustees on
Date: 5/5/21
Signed: Derrick Mkandla (Trustee)
Name Derrick Mkandla
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Zimbabwe Educational Trust
Notes to the accounts
for the year ended 31 December 2020
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
| 2 Grants Ann Jane Green Trust EF Rathbone Trust Souter Trust World Day of Prayer Austin Bailey Foundation The HDH Wills 1965 Charitable Trust St Peter's Aid for the Needy (SPAN) Other small grants 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll costs DFID - Jo Cox Memorial grant Department for International Development (DFID) |
2020 Unrestricted funds £ 700 - - - - - - - - - 700 |
2020 Restricted funds £ - 52,905 33,548 1,000 4,000 2,500 1,000 500 300 22 95,775 |
2020 Total funds £ 700 52,905 33,548 1,000 4,000 2,500 1,000 500 300 22 96,475 2020 £ 14,084 737 (737) 629 156 14,869 |
2019 Total funds £ 700 - 40,322 - - - - - - - 41,022 2019 £ 8,155 46 (46) - 137 8,292 |
|---|---|---|---|---|
The average number employees during the year was 1, being an average of 0.64 full time equivalent (2019: 1, 0.4 FTE).
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Zimbabwe Educational Trust
Notes to the accounts continued
for the year ended 31 December 2020
| 4 Restricted funds Trinity Project DFID - Jo Cox Memorial fund Foundations for Farming |
Balance b/f £ 129 9,027 63 9,219 |
Incoming £ 55,237 34,697 7,581 97,515 |
Outgoing £ 44,297 28,141 3,449 75,887 |
Transfers £ (3,702) (6,118) (1,516) (11,336) |
Balance c/f £ 7,367 9,465 2,679 19,511 |
|---|---|---|---|---|---|
Fund name
Purpose of restriction
Trinity Project
Increasing access, enrolment and retention in primary education for children in Zimbabwe through improving awareness of birth and death registration and provision of legal advice and services.
A transfer of £3,702 was made from this fund to contribute towards the Operations Manager’s salary and general overheads. A further transfer of £4,161 is due to be made from these funds in relation to this period, subject to the funder's approval.
DFID - Jo Cox Memorial fund
For empowering women in Zimbabwe through education, vocational training and holistic support.
A transfer of £6,118 was made from this fund to contribute towards the Operations Manager’s salary and general overheads.
Foundations for Farming
For work on training primary schools in conservation agriculture.
A transfer of £1,516 was made from this fund to contribute to ZET's administrative costs.
5 Trustee expenses
No trustee received any expenses during this year or the previous year.
6 Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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