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2023-12-31-accounts

Zimbabwe Educational Trust

Charity number 327519

Annual Report and Financial Statements for the year ended 31 December 2023

Zimbabwe Educational Trust

Annual Report and Financial Statements for the year ended 31 December 2023

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 11

Prepared by West Yorkshire Community Accountancy Service CIO

1

Zimbabwe Educational Trust

Trustees' report for the year ended 31 December 2023

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 Derrick Mkandla Chair Dr Colourgrad Mpoko Secretary Adam Ranson Treasurer Professor Ray Lloyd Stuart Kempster Hannah O'Riordan Tony McCartney Appointed 2 June 2023 Wadzanai Aslet Appointed 2 June 2023 Resigned 22 August 2023

Advisors

Mr Vulindlela Mkandla

Charity number 327519 Registered in England and Wales
Registered and principal address Bankers
Headingley Enterprise & Arts Centre Leeds Building Society The Co-operative Bank plc
Bennett Road Mercantile House P.O. Box 101
Leeds Silverlink Business Park 1 Balloon Street
LS6 3HN Wallsend Manchester
NE28 9NY M60 4EP

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO 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 2023

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 Bulawayo.

The charity's main activities

ZET supports grass roots organisations in Zimbabwe to deliver projects for vulnerable and marginalised young people. Projects are education focused and vary to include; life skills, vocational skills and work experience, health, birth registration and access to basic human rights, as well as teaching about conservation agriculture.

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:

Achievements and performance

ZET UK:

Trinity Project:

Rafiki Girls Centre:

3

Zimbabwe Educational Trust

Trustees' report (continued) for the year ended 31 December 2023

Achievements and performance continued

Foundations for Farming:

Financial review

The net receipts for the year were £18,839, including net receipts of £6,609 on unrestricted funds and net receipts of £12,230 on restricted funds after transfers.

Reserves policy

The charity's free reserves, at the year end were £18,938.

A minimum level of reserves equating to at least three months of unrestricted expenditure plus 10%, 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. This equates to approximately £20,000 as the upper limit.

Approved by the board of trustees on 30/05/2024

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 charity for the year ended 31 December 2023, which are set out on pages 6 to 11.

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 charity'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 Charities Act; 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.

Simon Bostrom FCIE

30/05/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

5

Zimbabwe Educational Trust

Receipts and payments account

for the year ended 31 December 2023

Notes
2023
Unrestricted
funds
£
Receipts
Grants
(2)
1,400
Donations
11,725
Gift Aid
1,333
Student placement fees
2,000
Awards
1,000
Fundraising
502
Bank interest
36
Total receipts
17,996
Payments
Salaries and payroll
17,217
Insurance
300
Bank charges
134
Office costs
413
Accountancy and independent examination
420
Membership fees
49
Payments to partner organisations:
Foundations for Farming
-
Trinity project
-
Rafiki girls centre
-
Rent and office services
115
Fundraising costs
127
Total payments
18,775
Net receipts / (payments)
(779)
Transfers between funds
7,388
Net movement in funds
6,609
Fund balances brought forward
12,329
Fund balances carried forward
(3)
18,938		 2023
Restricted
funds
£
121,771
3,053
-
-
-
-
-
124,824
-
-
158
-
-
-
10,089
13,327
81,632
-
-
105,206
19,618
(7,388)
12,230
41,768
53,998		 2023
Total
funds
£
123,171
14,778
1,333
2,000
1,000
502
36
142,820
17,217
300
292
413
420
49
10,089
13,327
81,632
115
127
123,981
18,839
-
18,839
54,097
72,936		 2022
Total
funds
£
84,381
9,356
581
-
-
259
4
94,581
16,835
279
181
355
420
118
1,360
6,343
41,260
1,440
-
68,591
25,990
-
25,990
28,107
54,097

6

Zimbabwe Educational Trust

Statement of assets and liabilities

as at 31 December 2023
2023
Unrestricted
£
Cash funds
Cash at bank
18,908
Cash in hand
30
Total cash funds
18,938
Debtors and prepayments
Prepayments		 2023
Restricted
£
53,998
-
53,998		 2023
Total
£
72,906
30
72,936
2023
£
100
100		 2022
Total
£
54,093
4
54,097
2022
£
93
93

Assets retained for the charity's own use Computers and office equipment

Liabilities
Accruals		 2023
£
540
540		 2022
£
420
420

The financial statements were approved by the board of trustees on 30/05/2024

Derrick Mkandla (Trustee)

7

Zimbabwe Educational Trust

Notes to the accounts

for the year ended 31 December 2023

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.

A change has been made in relation to the disclosure in note 3. In previous years note 3 aggregated funding from all sources into the three projects supported by the charity. This has been changed to show each individual fund within those projects which has required the opening balances to be separated out accordingly.

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 accounting

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.

8

Zimbabwe Educational Trust

Notes to the accounts continued

for the year ended 31 December 2023

2 Grants
Aireborough Rotary Club
Ann Jane Green Trust
EF Rathbone Charity
Marsh Charitable Trust
Mercury Phoenix Trust
Sir Halley Stewart
Soroptimist Club
The Archer Trust
The Casey Trust
The Evan Cornish Foundation
The Father O Mahoney Memorial Trust
The Grace Trust
The HDH Wills 1965 Charitable Trust
The Lauderdale Trust
The Theodore Maxxy Charitable Trust
William Howarth Charity
Ashworth Charitable Trust
CB and HH Taylor 1984 Trust
Foreign, Commonwealth & Development Office
Scott Bader Co Ltd.
Soroptimist International (Keighley)
The Archer Trust
The Coles-Medlock Foundation
The Ian Askew Charitable Trust
The Mirianog Trust
The Souter Charitable Trust
The Southall Trust
The St Mary's Charity
The Utley Foundation		 2023
Unrestricted
funds
£
100
700
-
500
-
-
100
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,400		 2023
Restricted
funds
£
-
-
1,000
-
13,221
36,000
-
2,000
1,500
10,000
1,000
500
1,000
50,000
5,000
550
-
-
-
-
-
-
-
-
-
-
-
-
-
121,771		 2023
Total
funds
£
100
700
1,000
500
13,221
36,000
100
2,000
1,500
10,000
1,000
500
1,000
50,000
5,000
550
-
-
-
-
-
-
-
-
-
-
-
-
-
123,171		 2022
Total
funds
£
-
700
-
-
-
-
-
-
-
-
-
-
-
50,000
-
-
5,000
3,500
7,291
3,750
100
1,000
1,000
500
2,000
6,000
3,000
500
40
84,381

9

Zimbabwe Educational Trust

Notes to the accounts continued

for the year ended 31 December 2023

3 Restricted funds
Trinity Project
Donations
EF Rathbone Charity
The Evan Cornish Foundation
Mercury Phoenix Trust
Rafiki
Donations
The Archer Trust
HDH Wills
Theodore Maxxy
Lauderdale
Foundations for Farming
Donations
Mirianog Trust
The Ian Askew Trust
CB & HH Taylor 1984 Trust
Ashworth Charitable Trust
Souter Charitable Trust
W F Southall Trust
Sir Halley Stewart
The Casey Trust
The Father O Mahoney Trust
The Grace Trust
William Howarth Charity		 Balance b/f
£
196
-
-
-
35
-
-
-
25,000
537
1,600
400
2,800
4,000
4,800
2,400
-
-
-
-
-
41,768		 Incoming
£
2,692
1,000
10,000
13,221
342
2,000
1,000
5,000
50,000
19
-
-
-
-
-
-
36,000
1,500
1,000
500
550
124,824		 Outgoing
£
1,918
800
-
10,621
309
1,600
800
4,000
75,000
552
1,600
400
2,800
4,000
806
-
-
-
-
-
-
105,206		 Transfers
£
(438)
(200)
(2,612)
(2,600)
(68)
(400)
(200)
(1,000)
-
(4)
-
-
-
-
544
-
-
-
(200)
(100)
(110)
(7,388)		 Balance c/f
£
532
-
7,388
-
-
-
-
-
-
-
-
-
-
-
4,538
2,400
36,000
1,500
800
400
440
53,998

Fund name Trinity Project

Donations EF Rathbone Charity The Evan Cornish Foundation

Mercury Phoenix Trust

Rafiki

Purpose of restriction

The purpose of the Trinity Project is to Increase 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. Funding is provided from a variety of sources as shown below:

Towards the general purposes of the Trinity Project. 1 geographical ward, birth registration programme

A comprehensive three year programme of birth registration intervention aimed at securing birth documentation, building capacity in the community, driving up standards in birth registration service delivery and pressing for improved laws and policies.

A programme of Sexual & Reproductive Health and life skills for vulnerable girls and boys groups. Brining parents into the conversation. Pressing for service improvements.

The purpose of the Rafiki Project is to empower women in Zimbabwe through education, vocational training and holistic support at the Rafiki Girls' Centre in Harare. Funding is provided from a variety of sources as shown below:

Donations Towards the general purposes of the Rafiki Girls Centre project. The Archer Trust Towards the general purposes of the Rafiki Girls Centre project. HDH Wills Towards the general purposes of the Rafiki Girls Centre project. Theodore Maxxy Towards the general purposes of the Rafiki Girls Centre project. Lauderdale Funding awarded directly to the Rafiki Girls Centre. ZET acts as an intermediary, receiving funds and passing them on in full to Rafiki Girls Centre.

The fund transfers represent a 20% contribution from each fund towards the overheads of the charity.

10

Zimbabwe Educational Trust

Notes to the accounts continued

for the year ended 31 December 2023

3 Restricted funds continued

Fund name Foundations for Farming

Donations Mirianog Trust The Ian Askew Trust CB & HH Taylor 1984 Trust Ashworth Charitable Trust Souter Charitable Trust

W F Southall Trust Sir Halley Stewart

The Casey Trust

Purpose of restriction

The purpose of the Foundations for Farming project is to provide training in primary schools in conservation agriculture. Funding is provided from a variety of sources as shown below:

Towards the general purposes of the Foundations for Farming project. Towards the general purposes of the Foundations for Farming project. Towards the general purposes of the Foundations for Farming project. Towards the general purposes of the Foundations for Farming project. Towards the general purposes of the Foundations for Farming project. Towards the general purposes of the Foundations for Farming project. The transfer into the fund is a correction to the amount transferred from the fund in the previous year.

Towards the general purposes of the Foundations for Farming project. For 3 primary schools and 3 women’s groups undertaking a 3 year programme of climate smart agriculture aimed at improving food security and building climate change resilience.

For 1 primary school undertaking a two year programme of climate smart agriculture aimed at improving food security and building climate change resilience

The Father O Mahoney Trust For 1 primary school undertaking a two year programme of climate smart agriculture aimed at improving food security and building climate change resilience

The Grace Trust For 1 primary school undertaking a two year programme of climate smart agriculture aimed at improving food security and building climate change resilience William Howarth Charity For 1 primary school undertaking a two year programme of climate smart agriculture aimed at improving food security and building climate change resilience

4 Related party transactions

Donations from trustees and related parties

The total aggregate value of unconditional donations to the charity from the trustees or related parties was £1,710 (2022: £2,130).

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

11