## 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**
1
## 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.
2
## 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.
3
## 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)
4
## 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
5
## 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|
|---|---|---|---|
6
## 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
7
## 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).
8
## 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.
9