for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
24 February 2023
to
31 March 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 March 2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
(
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 13 months to 31 March 2024 | ||
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 March 2024
13 months to 31 March 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 March 2024
13 months to 31 March 2024 | ||
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£ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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iZinga Assist is a digital platform that facilitates the verification, compliance, rating and assisting of non-profit organisations in sub-Saharan Africa. The aim of the platform is to restore the trust and transparency between European donors and the non-profit sector. iZinga Assist is dedicated to supporting and empowering nonprofit organisations (NPOs), with the platform pilot currently active in South Africa. Over the past financial year, we've successfully launched and expanded our services to NPOs, including verification, rating and general assistance. Our work has directly benefited numerous communities across South Africa by ensuring NPOs are verified, rated, transparent, accountable, and equipped to deliver impactful services. By strengthening NPOs, we've contributed to addressing critical social and economic challenges, taking a massive proactive step towards combating corruption in the sector, and ultimately improving the quality of life for the most vulnerable populations. Key milestones achieved during the year include: Completion of Phase I of the pilot: We successfully onboarded NPOs and trained reviewers. Development of Phase II of the pilot: We're currently working on the development of the do-nor and donation journeys. Strategic partnership with a leading law firm: We've partnered with the esteemed MacRobert Attorneys to enhance and refine our review processes. (If applicable, please just state “A social audit report covering these points is attached”). Onboarding of 49 NPOs: We've successfully brought 49 NPOs onto our platform. Strategic partnership with a listed company: We've partnered with a listed company Shoprite Holdings Ltd to assist with fund disbursement, tracking, and reporting. Workshop with postgraduates: We conducted a workshop with postgraduate students at a Rhodes Business School’s post graduate NPO degree.
Throughout the past financial year, iZinga Assist has maintained open and ongoing communication with a diverse range of stakeholders, including non-profit organisations, donors, industry specialists, foundations, corporate companies, tertiary education institutions, and community leaders. We've actively sought feedback on various topics through regular meetings, surveys, online forums, workshops and frequent calls. In response to the feedback received, iZinga Assist has taken several steps to continuously improve our services and better meet the needs of our stakeholders. These actions include: Tailoring our platform: We are continuously adapting, improving and fine tuning our platform and services to address the specific needs and challenges of different types of NPOs. Strengthening our partnerships: We've forged stronger partnerships with corporate, professional, and industry stakeholders to enhance our impact. Improving our communication channels: We've invested in improved communication tools and strategies to ensure our stakeholders are well-informed and engaged, as well as to create awareness and excited for the launch of the platform.
The total value of Directors’ Remuneration is £108,680
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 September 2024
And signed on behalf of the board by:
Name: Jan Hendrik Swanepoel
Status: Director