2021-03-31-accounts

Table ofContents.	Table ofContents.
1	Welcome tothe trustees' report	(including		directors'	report) ..
2	Our mission. .
3.	How we deliver our mission
4.	Highlights of2020-21:ACCESS.
S	Highlights of2020-21:AGENCY ..					12
6	Highlights of2020-21:INFLUENCING		.			14
7	Strategic aims and priodities for	2021-22 ..				16
8	Financial performance. .. .					17
9	Structure, governance and management. .					21
10	Statement of trustees' responsibilities.					23
11	Independent auditor's report					24
12	Statement offinancial activities.					28
13	Statement offinancial position ..					29
14	Statement ofcash flows .......... ..					30
15	Statement offinancial activities	prior	year	comparators. .		31
16	Notes to the financial statements	.....				32

1.	Carolyn Miller	Chair
2.	Phil Vernon	Deputy Chair (retired December 2020)
3.	Jonathan Orchard	Treasurer
4.	Sam Bickersteth	Trustee
5.	James Copestake	Trustee (retired December 2020)
6.	Catriona Dejean	Trustee
7.	Sheila Ochugboju	Trustee (retired March 2021)
B.	Yvonne Taylor	Trustee
9.	Sue Turrell	Trustee
10.	Alexander Knapp	Trustee (appointed	December 2020)

				Year	ending 31March	2021	2020
				Unrestricted	Restricted
				Funds	Funds	Total	Total
					f	f	f
			Notes
Income from
Donations	and legacies						1,279
Charitable	activities			1,099,758	459,396	1,559,154	1,648,004
Investments				166	4	170	1,822
Other				24,278		24,278	37,671
Total Income				1,124,202	459,400	1,583,602	1,688,776
aa ai
Charitable	activities		7-11	1,210,018	459,400	1,669,418	1,669,814
Net (outgoing)/incoming		resources
before transfers				(85,816)		(85,816)	18,962
Gross transfers between		funds	18
Net movement	in funds			(85,816)		(85,816)	18,962
Total funds brought forward				404,287		404,287	385,325
Total funds carried forward				318,471		318,471	404,287

						31March 2021	31March 2021	31March 2020	31March 2020
				Notes		E	6	6	f
Cash flows from operating	activities:
Net cash provided by operating		activities			23		(7,063)		74,381
Cash flows from investing	Activities
Interest received						170		1,822
Purchase ofequipment						(7,692)		(6,640)
Net cash provided used in investing				activities			(7,522)		(4,818)
Net cash used in financing	activities
Change in cash and cash equivalents			during the period				(14,585)		69,563
Cash and cash equivalents	atthe beginning ofthe year						413,274		343,711
Cash and cash equivalents	atthe end		of	the year			398,689		413,274

			Year	endin	31March	2020
			Unrestricted	Restricted
			Funds		Funds	Total
					E	E
		Notes
Income from
Donations	and legacies				1,279	1,279
Charitable	activities		1,357,264		290,740	1,648,004
Investments			1,822			1,822
Other			37,671			37,671
Total Income			1,396,757		292,019	1,688,776
~E "att
Charitable	activities	7-11	1,377,795		292,019	1,669,814
Net incoming	resources before	transfers	18,962			18,962
Gross transfers	between funds	9,18
Net movement	in funds		18,962			18,962
Total funds brought forward			385,325			385,325
Total funds carried forward			404,287			404,287

Donations	and legacies
		Yearended		31March2021		2020
		Unrestricted	Restricted
		Funds		Funds	Total	Total
		E		E	E	E
Donations	and Legacies					1,279
Foryear ended 31March 2020
Donations	and Legacies			1,279		1,279

Charitable	activ	itie	s
						Year ended	31March 2021		2020
					Research	Training	Consultancies	Total	Total
					E	E	E	E	E
Unrestricted	funds				29,165	205,928	864,665	1,099,758	1,357,264
Restricted funds					450,460	8,936		459,396	290,740
Generated	through		charitable
activities					479,625	214,864	864,665	1,559,154	1,648,004
Foryearended		31March 2020
Unrestricted	funds				38,971	363,786	954,507		1,357,264
Restricted funds					259,044		31,696		290,740
Generated	through		charitable	activities	298,015	363,786	986,203

7	Chaditable Expenditu	r	e
								Yearended 31March 2021			2020
							Research	Training	Consultancies	Total	Total
							f	f	f	E
	Delivery staff msts						165,289	29,679	300,084	495,052	436,594
	External consultants						85,321	71,735	353,898	510,954	504,845
	Delivery expenses						9,692	2,233	9,730	21,655	161,029
	Grants to partner organisations*						83,540		77	83,617	31,170
	Service delivery cost						343,842	103,647	In.388	1.111.»8	1,133.638
	Service support staff		costs				29,168	58651	88,060	175,879	192,918
	Total service costs						373,010	162,298	751,849	1,287,157	1,326,556
	Share ofsupport mats						44,666	60,008	270,346	375,020	333,853
	Share ofgovernance		costs				1,810	789	4,642	7,241	9,405
							419,486	223,095	1,026,837	1,669,418	1,669,814
	Analysis by fund:
	Unrestricted funds						6,119	214,159	989,740	1,210,018
	Restricted funds						413,367	8,936	37,097	459,400
	Generated through	charitable			activities		419,486	223,095	1,026,837	1,669,418
	Foryearended31March			2020
	Unrestrictedfunds						88,169	289,980	999,646		1,377,795
	Restricted funds						260,323		31696		292,019
	Generated through	charitable			activities		~348492	289,980	1,031,342		1.683,
	'See note 20
	Seenote 9fordetails		of restatement			of	prior year comparators.
8	Support mats							Year ended 31March		2021	2020
								Support	Governance
								Costs	Costs	Total	Total
								f.	f	E	E
	~3
	Staff costs							202,238		202,238	198,078
	Consultants							22,000		22,000
	Premises and office	msts						98,388		98,388	115,619
	Other costs						corn	48,007			18,545
	Depreciation							4,388		4,388	1,611
	Governance Costs
	Audit								7,190	7,190	7,500
	Accountancy Compliance and constitutional				costs				51	51	1,905
								375,021	7,241	382,262	343,258

The tables	below		show t	he effects of	t	h	ese chan	ges	ges
								Staff costs foryear ended		31March 2020
									Revised		Effectof
					Previously			Service	Service		Weighting
						Reported f		Delivery f	Supportf	Total f	lime f
Research							120,438	148,258	37,507	185,765	65,327
Training							75,506	27,860	35,033	62,893	(12,613)
Consultancies							333,456	260,476	120,378	380,854	47,398
Directly attributed			staff costs				529,400	436,594	192,918	629,512	100,112
In Support	costs	(included		in note 8)			298,190			198,078	(100,112)
Total Staff	Costs						827,590	436,594	192,918	827,590
								Share ofSupport mats		foryear ended	31March 2020
								Research	Training	Consultancies	Total
								f	f	f	f
As previously reported								98,726	61,894	273,345	433,965
Based on revised		split of		payroll costs				57,691	39,248	236,914	333,853
Difference	due to		revised	payroll costs				(41,035)	(22,646)	(36,431)	(100,112)
Total difference		isthe change in staff			mats attributed to organisational support activities
								Share of	Governance mats	foryear ended	31March 2020
								Research	Training	Consultancies	Total
								f	f	f	f
As previously reported								2,140	1,341	5,924	9,405
Based on revised		split of		payroll costs				1,625	1,106	6,674	9,405
Difference	due to		revised	payroll costs				(515)	(235)	750
Analysis by fund		foryear		ending 31March 2020
								Research	Training	Consultancies	Total
								f	f	f	f
As previously reported
Unrestriicted funds								178,509	325,475	990,295	1,494,279
Restricted	Funds							144,927		30,608	175,535
								323,436	325,475	1,020,903	1,669,814
Revised
Unrestricted funds								88,169	289,980	999,646	1,377,795
Restricted	Funds							260,323		31,696	292,019
								348,492	289,980	1,031,342	1,669,814
Difference	arising		on change in treatment				ofoverhead remvery
Unrestricted funds								(115,396)		(1,088)	(116,484)
Restricted	Funds							115,396		1,088	116,484
Difference	arising		on weighting oftime			toreflect		individual	salary costs
Unrestricted	funds							25,056	(35,495)	10,439
Restricted	Funds
								25,056	(35,495)	10,439
NTRAc Trustees' Repo		rt	aod Accounts 2020-21								38

Employees
Number ofEmployees
The average number ofemployees	employed	by the company	2021	2020
during the year was			Number	Number
Service Delivery			12	9
Service Management			2	3
Service Support			4	5
Total Operations			18	17
Administration			5	4
			23	21
Employment Costs			2021	2020
			E	E
Wages and salaries			774,196	732,396
Social security costs			65,133	64,015
Other pension costs			32,502	29,379
			873831	823,700

Wages and salaries Social security costs Other pension costs	Wages and salaries Social security costs Other pension costs				E 774,196 65,133 32,502 873831	E 732,396 64,015 29,379 823,700
Details ofoutstanding pension contributions		are provided		in Note 15.
The number ofemployees whose annual	remuneration		was f60,000or more were
					2021	2020
					Number	Number
Employees earning 660,001to E70,000
The employee whose emoluments exceeded		E60,000in the year ending 31March				2021had a
retrirement benefit accruing under adefined		benefit pension scheme			of ENil.
Remuneration ofkey management personnel					2021	2020
					E	E
Salary					192,890	235,342
Pension					9,645	11,762
					202333	247,104
Average FTEkey management personnel					4	4

						2021	2020
						f	f
Present value ofprovisions						39,523	46,830
Reconciliation ofopening		and closing provisions
						Period ending 31March
						2021	2020
						f	f
Provision at start of period						46,830	54,862
Unwinding ofthe discount factor			(interest expense)			1,051	1,397
Deficit contribution	paid					(9,710)	(9,429)
Remeasurements	- impact of change			in assumptions		1,352
Remeasurements-	amendments		tothe contribution			schedule
Provision at end of period						39,523	46,830
Income and Expenditure		impact
						Period ending 31March
						2021	2020
							f
Interest expenses						1,051	1,397
Re measurements	-amendments		to contribution		schedule
Key Assumptions
						2021	2020
						9oper annum	9oper annum
Rate ofDiscount						2.33	2.53

Grants to partner organisations	Grants to partner organisations	Grants to partner organisations
INTRAC is not a grant making organisation. However,			there are occasions when we receive
funding that is used to engage with partner organisations in ways				that	are not		purely
contractual and are more accurately reflected in the accounts as grants.
During the year ended 31March 2020the following		grants were made			from	restricted
There were no grant payments in the yearended 31March 2019.
		Year ended 31March 2021						2020
						f		f
aJ	General Research Fund
	Sub-award payments to implementation partners
	- CDA Colaborative, USA				75,678
	Working with INTRAC as a learning partner
	-Small grants of 52,000each to five local consulting		partners
	in Ethiopia, Indonesia, India, Mexico, and Canada.				7,862
	To research and develop thoughts on best ways	of
	supporting local civil society during the COV ID-19pandemic.
bl	Oak Foundation ExitStrategy Fund
	AGAR, Ethiopia				77			29,891
	Funding to cover co-ordination ofin-country delivery of
	capacity building support tospecific partners of	the	Oak
	Foundation
cf	Margaret Aston Memorial Fund
	This Fund was closed during the year ending 31	March 2020.
	Books for Development, Kyrgyzstan							1,279
	Funding for research and development of materials		to support	work
	survivors of domestic/gender based violence.
					83,617			31,170
Operating lease commitments
Minimum amounts due under no cancellable contracts
		Year ended 31March 2021						2020
						f		f
Not later than one year					40,000			31,020
More than one year but less than 5years					17,863
Th	tl f th p pof «8ttt6		113pt	0	37,863 2020f		fdh	31,020 sy
with a rent review and optional break clause after 2years.
At the reporting end date the total future minimum received under non-cancellable subleases wasfNil		sublease amount (2020:f16,523).			expected		to be

22	Related party transactions
	During the year ended 31 March	2019,Yvonne	Taylor, trustee was	appointed asTrustee.			Her
	partner isengaged as an associate consultant		for INTRAC. This engagement was in place				prior
	tothe appointment ofthe trustee. The associate is remunerated			on the	same basis as other
	INTRAC associates. Transactions	with the associate, post the appointment			oftheir partner as a
	Trustee, were as follows:
			Year ended 31March		2021		2020
					f		f
	Total invoiced in year			50,822		49,863
	Unsettled invoices appearing in	trade creditors at 31March					3,989
	During the year ended 31March	2020 one trustee, Philip Vernon,		was engaged to work		as an
	external consultant. The contract was reviewed and agreed by the goard				in accordance	with
	INTRAC's Articles ofAssociation	and undertaken at normal organisational			rates. Amounts
	involved were as follows.
	Philip Vernon's term as trustee	ended in December 2020.
	All payments were prior to this	date.
			Yearended 31March		2021		2020
					f		f
	Total invoiced in year			18,450			8,083
	Unsettled invoices appearing in	trade creditors at 31March
23	Cash generated from operations
			Year ended 31March		2021		2020
	Surplus for the year			(85,816)		18,962
	Adjustments for:
	Investment income recognised	in statement	offinancial activitie:		(170)		(1,822)
	Unrealised gain on pension liability
	Depreciation and impairment oftangible fixed assets				4,388		1,611
	Difference between pension charge and cash		contributions	(7,307)			(8,033)
	Movements in working capital
	Decrease in stocks						207
	Decrease/(increase) in debtors			81,191		169,120
	(Decrease)/increase in creditors			65,510		(35,067)
	(Decrease)/increase in deferred	income		(64,859)		(70,597)
	Cash generated from/(absorbed	by) operations		(7,063)		74,381

Balance Sheet by F	und Category
		Year	ending 31March	2020
		Unrestricted	Restricted
		Funds	Funds	Total
		6
Tangible fixed assets		10,169		10,169
Current assets		645,111	62,864	707,975
Creditors: amounts	falling due within 1year	(297,285)	(62,864)	(360,149)
Provisions/pensions		(39,523)		(39,523)
Net assets		318,472		318,472
		Year	ending 31March	2020
		Unrestricted	Restricted
		Funds	Funds	Total
		6	6
Tangible fixed assets		6,865		6,865
Current assets		722,368	81,382	803,750
Creditors: amounts	falling due within 1year	(278,116)	(81,382)	(359,498)
Provisions/pensions		(46,830)		(46,830)
Net assets		404,287		404,287