Zimbabwe Educational Trust
Charity number 327519
Annual Report and Financial Statements for the year ended 31 December 2024
Zimbabwe Educational Trust
Annual Report and Financial Statements for the year ended 31 December 2024
| 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
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Zimbabwe Educational Trust
Trustees' report for the year ended 31 December 2024
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 Resigned 23 April 2024 Stuart Kempster Hannah O'Riordan Tony McCartney Chelsea Brown Appointed 26 March 2024 Maureen Mguni Appointed 17 December 2024 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.
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Zimbabwe Educational Trust
Trustees' report (continued) for the year ended 31 December 2024
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:
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l Child protection and the advancement of education and opportunity in Zimbabwe,
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l Tackling the effects of poverty,
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l Girls’ and women’s empowerment.
Achievements and performance
ZET UK:
- l Continued to support our three partners through fundraising efforts in the UK as well as collaborative capacity building support in areas such as monitoring and evaluation, policy development, methodology support and narrative development.
Trinity Project:
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l From 2024-2026 we continue our biggest ever holistic programme of birth registration including bottomup and top-down approaches to address issues within the birth registration system. Actions will build stakeholder capacity, enhance service delivery, improve policy, process and law and accelerate the cultural shift towards consistent birth registration.
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l Worked within vulnerable communities to register the births of children and families, often handling the most challenging cases and at times providing legal assistance.
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l Provided leadership and capacity building to local community organisations and duty bearers to drive up standards in birth registration.
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l Delivered kids clubs for girls and boys covering issues such as gender roles, bodily autonomy, family planning, teenage pregnancy, child marriage and a broad spectrum of sexual and reproductive health (including HIV/AIDS) & rights.
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l Continued a diverse portfolio of work supporting vulnerable children in the community
Rafiki Girls Centre:
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l Trained three new cohorts of 40 (120 total) vulnerable young women aged 18-25. Courses included life skills in areas such as computers, health, reproductive rights, and entrepreneurship. Beneficiaries undertook a specialist vocational area receiving one or more highly valued certificates. The programme ends with work experience in a business related to their specialist course.
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l Ran a number of events including HIV workshops, careers days, drug intervention workshop and graduation.
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Zimbabwe Educational Trust
Trustees' report (continued) for the year ended 31 December 2024
Achievements and performance continued
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l Delivered counselling in 1:1 and group settings covering a range of life experiences, traumas and responses.
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l The significant majority of those completing the course went on to access further education or employment within six months of graduation.
Foundations for Farming:
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l Continued climate smart agriculture projects with two primary schools to support feeding programmes, build climate chance resilience and encourage community adoption of farming methods. Approximately 800 primary school students are benefitting directly with thousands more in the wider community.
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l Continued a three-year programme of climate smart agriculture working with three more primary schools, three women’s groups and key community members. This project aims to substantively enhance the rate of community adoption of low-tech sustainable farming techniques tackling food insecurity and building climate change resilience. Approximately 1,200 primary school students are benefitting directly with many thousands more in the wider community.
Financial review
The net payments for the year were £46,093, including net income of £2,999 on unrestricted funds and net payments of £49,092 on restricted funds.
Reserves policy
The charity's free reserves, at the year end were £21,937.
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.
Approved by the board of trustees on 24/7/2025
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 charity for the year ended 31 December 2024, 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
25/7/2025
West Yorkshire Community Accountancy Service CIO
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 2024
| Notes 2024 Unrestricted funds £ Receipts Grants (2) 8,378 Donations 12,689 Gift Aid 1,095 Student placement fees - Awards - Fundraising 480 Bank interest 135 Total receipts 22,777 Payments Salaries and payroll 30,141 Insurance 380 Bank charges 340 Office costs 1,134 Accountancy and independent examination 540 Membership fees 119 Payments to partner organisations: Foundations for Farming - Trinity project 324 Rafiki girls centre - Rent and office services 120 Fundraising costs - Site visit 2,211 Total payments 35,309 Net receipts / (payments) (12,532) Transfers between funds (3) 15,531 Net movement in funds 2,999 Fund balances brought forward 18,938 Fund balances carried forward (3) 21,937 |
2024 Restricted funds £ 102,836 2,141 - - - - - 104,977 - - 63 - - - 68,968 44,542 24,965 - - - 138,538 (33,561) (15,531) (49,092) 53,998 4,906 |
2024 Total funds £ 111,214 14,830 1,095 - - 480 135 127,754 30,141 380 403 1,134 540 119 68,968 44,866 24,965 120 - 2,211 173,847 (46,093) - (46,093) 72,936 26,843 |
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 |
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Zimbabwe Educational Trust
Statement of assets and liabilities
| as at 31 December 2024 2024 Unrestricted £ Cash funds Cash at bank 21,907 Cash in hand 30 Total cash funds 21,937 Debtors and prepayments Prepayments Assets retained for the charity's own use Computers and office equipment Liabilities Accruals |
2024 Restricted £ 4,906 - 4,906 |
2024 Total £ 26,813 30 26,843 2024 £ 127 127 2024 £ 696 696 |
2023 Total £ 72,906 30 72,936 |
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The financial statements were approved by the board of trustees on 24/7/2025
Derrick Mkandla (Trustee)
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Zimbabwe Educational Trust
Notes to the accounts
for the year ended 31 December 2024
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 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.
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Zimbabwe Educational Trust
Notes to the accounts continued
for the year ended 31 December 2024
| 2 Grants AJ Green Trust Baillie Gifford - Foundation Scotland Charities Trust Sir Halley Stewart Trust The Christadelphian Samaritan Fund The Coles-Medlock Foundation The De La Rue Charitable Trust The Fulmer Trust The Lauderdale Trust The Lewin Trust The Marsh Charitable Trust The Waterloo Foundation The William Leech Charity Unity Earth Aireborough Rotary Club Ann Jane Green Trust EF Rathbone Charity Marsh Charitable Trust Mercury Phoenix Trust 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 |
2024 Unrestricted funds £ 700 - 78 - - - - - - - 600 7,000 - - - - - - - - - - - - - - - - - 8,378 |
2024 Restricted funds £ - 5,000 - 17,000 500 5,000 3,000 1,500 25,000 36,804 - - 1,500 7,532 - - - - - - - - - - - - - - - 102,836 |
2024 Total funds £ 700 5,000 78 17,000 500 5,000 3,000 1,500 25,000 36,804 600 7,000 1,500 7,532 - - - - - - - - - - - - - - - 111,214 |
2023 Total funds £ - - - 36,000 - - - - - - - - - - 100 700 1,000 500 13,221 100 2,000 1,500 10,000 1,000 500 1,000 50,000 5,000 550 123,171 |
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Zimbabwe Educational Trust
Notes to the accounts continued
for the year ended 31 December 2024
| 3 Restricted funds Trinity Project Donations Lewin Trust The De La Rue Charitable Trust The William Leech Charity The Fulmer Trust Coles Medlock Christadelphian Samaritan Baillie Gifford-Foundn Scotland The Evan Cornish Foundation Rafiki The Lauderdale Trust Donations Foundations for Farming Donations Unity Earth Sir Halley Stewart Trust Souter Charitable Trust W F Southall Trust The Casey Trust The Father O Mahoney Trust The Grace Trust William Howarth Charity |
Balance b/f £ 532 - - - - - - - 7,388 - - - - 36,000 4,538 2,400 1,500 800 400 440 53,998 |
Incoming £ 899 36,804 3,000 1,500 1,500 5,000 500 5,000 - 25,000 1,206 36 7,532 17,000 - - - - - - 104,977 |
Outgoing £ 1,431 23,490 2,216 1,108 1,108 3,694 500 3,635 7,388 25,000 - 36 5,854 53,000 4,538 2,400 1,500 800 400 440 138,538 |
Transfers £ - (9,614) (784) (392) (392) (1,306) - (1,365) - - - - (1,678) - - - - - - - (15,531) |
Balance c/f £ - 3,700 - - - - - - - - 1,206 - - - - - - - - - 4,906 |
|---|---|---|---|---|---|
Fund name
Trinity Project
Donations Lewin Trust The De La Rue Charitable Trust The William Leech Charity The Fulmer Trust Coles Medlock Christadelphian Samaritan Baillie Gifford-Foundn Scotland The Evan Cornish Foundation
Rafiki
The Lauderdale Trust Donations
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. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe. Holistic programme of birth registration in Zimbabwe.
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:
Towards the general purposes of the Rafiki Girls Centre project. Towards the general purposes of the Rafiki Girls Centre project.
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Zimbabwe Educational Trust
Notes to the accounts continued
for the year ended 31 December 2024
3 Restricted funds continued
Fund name Purpose of restriction Foundations for Farming 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: Donations Towards the general purposes of the Foundations for Farming project. Unity Earth 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. Sir Halley Stewart Trust 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. Souter Charitable Trust 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. W F Southall Trust Towards the general purposes of the Foundations for Farming project. The Casey 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 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
The transfers relate to a contribution to the charity's overheads.
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 £1,560 (2023: £1,710).
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.
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