NGOKO CHARITABLE TRUST
The Ngoko Charitable Trust was founded in 2015 with the aim of improving the lives of marginalised communities in Zimbabwe. The vision of the Trust is to empower these communities through the provision of quality education, healthcare and economic opportunities.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £283,453 against a policy target of six months' operating costs, which the trustees designate as £110,000. The charity reported a net surplus of £62,577 for the year, with total income of £555,020 and total expenditure of £492,443. The trustees confirm that the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“the reserves policy was changed to a minimum of 6 months’ operating costs in reserve in addition to amounts allocated to restricted funds.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- BENSON SIYAWAREVA
- FIONA THOMPSON
- GRAEME THOMPSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £555k | £492k |
| 31/12/2023 | £482k | £391k |
| 31/12/2022 | £311k | £273k |
| 31/12/2021 | £303k | £283k |
| 31/12/2020 | £230k | £183k |
Common questions
Is NGOKO CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £283,453 against a policy target of six months' operating costs, which the trustees designate as £110,000. The charity reported a net surplus of £62,577 for the year, with total income of £555,020 and total expenditure of £492,443. The trustees confirm that the charity is a going concern with no material uncertainties identified. Its FY2024 accounts were independently examined.