ZAMCOG
ZAMCOG provides grants in support of the education and care of orphans and vulnerable children, principally at schools in the Kabwe area, Zambia. The charity funds primary and secondary education, care homes for children to provide a secure living environment, transition housing for students in gap years, a feeding programme for those most in need and sponsor tertiary education and training.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased to £39,920 from £98,208 in the prior year, driven by a net expenditure of £66,968 against incoming resources of £74,873. The charity holds a reserve policy target of six months' operational expenses, which the current unrestricted fund balance of £39,920 appears to fall significantly below given the previous year's expenditure of over £322,000. Despite the closure of the child care facility due to lack of funding, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees' policy in regard to reserves is to hold specific reserves to meet obligations imposed by donors and general reserves equivalent to six months' operational expenses to support the current services.” — page 7
Trustees
- JULIE ANNE UGGLAchair
- Harish Singh Rana
- Luke Healy
- Tracey Farquhar-Beck
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £75k | £142k |
| 31/12/2023 | £264k | £322k |
| 31/12/2022 | £260k | £259k |
| 31/12/2021 | £230k | £221k |
| 31/12/2020 | £240k | £40k |
Common questions
Is ZAMCOG financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves decreased to £39,920 from £98,208 in the prior year, driven by a net expenditure of £66,968 against incoming resources of £74,873. The charity holds a reserve policy target of six months' operational expenses, which the current unrestricted fund balance of £39,920 appears to fall significantly below given the previous year's expenditure of over £322,000. Despite the closure of the child care facility due to lack of funding, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds ZAMCOG?
Funders whose own accounts filings name ZAMCOG as a grant recipient include UGGLA FAMILY FOUNDATION, THE CARMELA & RONNIE PIGNATELLI FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| UGGLA FAMILY FOUNDATION | FY2024 | £18k | Scholarship Programme |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2022 | £3k |