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|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|
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|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)|
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|||||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|
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|||||||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|
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||||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|
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|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|||
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|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|
##
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|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|
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|||||||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|
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|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||
##
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|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|
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