2022-03-31-accounts

TABLE OF CONTENTS	TABLE OF CONTENTS
Table ofContents ..
1	Welcome tothe trustees' report (including		directors'	report) ..
2	Our mission..
3.	How we deliver our mission
4.	Highlights of2021-22:ACCESS..
5	Highlights of2021-22:AGENCY
6	Highlights of2021-22:INFLUENCING ..
7	Strategic aims and priorities for 2022-23 .....				14
8	Financial performance.				16
9	Structure, governance and management. .				18
10	Statement of trustees' responsibilities.	.			.......21
11	Independent auditor's report.				22
12	Statement offinancial activities.				26
13	Statement offinancial position ..				27
14	Statement ofcash flows .....				28
15	Notes tothe financial statements				29

1.	Yvonne Taylor	Chair (appointed Dec2021,Trustee since Dec 2018)
2.	Sue Turrell	Deputy Chair (appointed Dec2021,Trustee since Dec
	2017)
3.	Jonathan Orchard	Treasurer (appointed October 2018)
4.	Sam Bickersteth	Trustee (retired September 2021)
S.	Catriona Dejean	Trustee (appointed December 2018)
6.	Carolyn Miller	Chair (retired December 2021)
7.	Alexander Knapp	Trustee (appointed December 2020)
8.	Suzanne Hammad	Trustee (appointed June 2021)
9.	Smruti Patel	Trustee (appointed June 2021)
10.	Charles VanDyck	Trustee (appointed June 2021)
11.	Lily Mafkow-McGuire	Trustee (appointed June 2021)
12.	Alfred Brian Agaba	Trustee (appointed June 2021)

				Unrestricted	Restdicted
				Funds	Funds	Total	Total
				6	6	6	6
			Notes
Income from
Donations	and legacies		3	20,413		20,413
Charitable	activities		4	1,541,280	329,325	1,870,605	1,559,154
investments			5	17		17	170
Other			6				24,278
Total Income				1,561,710	329,325	1,891,035	1,583,602
~uri t
Charitable	activities		7-10	1,569,438	329,325	1,898,763	1,669,418
Net (outgoing)/incoming		resources		-7,728		-7,728	-85,816
Gross transfers	between	funds
Net movement	in funds			-7,728		-r,r28	-ss.su
Total funds brought forward				318,471		318,471	404,287
Total funds carried forward				310,743		310,743	318,471

			31March	2022	31March	2021
		Notes			6	6
Fixed assets
Tangible fixed assets				9,186		10,169
Current assets
Stocks		12	1,171		1,223
Debtors		13	394,494		308,062
Cash at hand and in	bank		278,262		398,689
Tota! Current assets			673,927		707,974
Liabilities
Creditors: Amounts	falling due within 1year	14	-342,848		~360149
Net current assets				331,079		347,825
Total assets less current	liabilities			340,265		357,994
Provision for liabilities		15		-29,522		-39,523
Total net assets				310,743		318,471
The funds ofthe charity
Restricted funds		17
Unrestricted funds		18
General reserves				270,743		298,471
Designated Funds*				40,000		20,000
Total charity funds				310,743		318,471

						31	March	2022	31March	2021
					Notes	f		f	f
Cash flows from operating	activities:
Net cash provided by operating		activities			22			-114,481		-7,063
Cash flows from investing	Activities
Interest received							17		170
Purchase of equipment						-5,738			-7,692
Net cash provided used	in investing		activities					-5,721		-7,522
Net cash used in financing	activities
Change in cash and cash equivalents		during		the period				-120,201		-14,585
Cash and cash equivalents	at the beginning			ofthe	year			398,689		413,274
Cash and cash equivalents	at the end		ofthe	year				278,488		398,689

Donations	and lega	des
					Year	ended 31March	2022	2021
					Unrestdicted	Restricted
					Funcls	Fullds	Total	Total
					E		f	f
Donations	and Legacies				20,413		20,413
For year ended 31March 2021
Donations	and Legacies
Charitable	activities
					Year ended	31March 2022		2021
				Research	Training	Consultandes	Total	Total
				f	f	E	E
Unrestricted	funds			71	248,953	1,292,256	1,541,280	1,099,758
Restricted funds				329,325			329,325	459,396
Generated	through	charitable	activities	329,396	248953	1,292,256	1,870,605	1,559,154
Foryear ended 31March 2021
Unrestricted	funds			29,165	205,928	864,665		1,099,758
Restricted funds				450it60	8,936			459,396
Generated	through	charitable	activities	479,625	214,864	864,665		1,559,154

Investments	Year	ended 31March 2022		2021
	Restricted	Unrestricted	Total	Total
	Funds	Funds
	6	f	E	E
Interest receivable		17	17	170
Foryear ended 31March 2021
Interest receivable		166		170

Year ended 31March 2022	Year ended 31March 2022
Total	Total
Unrestricted	unrestricted
Funds	Funds
	f
	18,329
	5,949
	24,278

					Year ended	31March 2022		2021
				Research	Training	Consultancies	Total	Total
				E	E	E	E	E
	Delivery staff costs			102,719	23,499	290,605	416,823	495,052
	External consultants			85,656	66,287	581,045	732,988	510,954
	Delivery expenses Grants to partner organisations'			6,838 70,173	2,577	32,637	42,052	21,655 83,617
	Service delivery cost			265,386	92,363	904,287	1,262,036	1,111,278
	Service support staff costs			40,112	63,864	102,836	206,812	175,879
	Total service costs			305,498	156,227	1,007,123	1,468,848	1,287,157
	Share ofsupport costs			57,218	65,571	294,860	417,649	375,020
	Share ofgovernance	costs		3,080	942	8,244	12,266	7,241
				365,796	222,740	1,310,227	1898,763	1,669,418
	Analysis by fund:
	Unrestricted funds			36,471	222,740	1,310,227	1,569,438
	Restricted funds			329,325			329,325
	Generated through	charitable	activities	365,796	222,740	1,310,227	1,898,763
	Foryear ended 31March 2021
	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
	' See note 19
8	Support costs				Year	ended 31March	2022	2021
					Support	Governance
					Costs	Costs	Total	Total
					E	E	E	E
	Staff costs				123,975		123,975	202,238
	Consultants				113,944		113,944	22,000
	Premises and office	costs			72,563		72,563	98,388
	Other costs				60,220		60,220	48,007
	Depreciation				6,947		6,947	4,388
	Office dilapidations	&associated costs			40,000		40,000
	Audit					10,620	10,620	7,190
	Accountancy
	Compliance and constitutional		costs			1,646	1,646	51
					417,649	12,266	429,915	382,262

Employees
Number ofEmployees
The average numberof	employees			employed		by the company		2022	2021
during the year was								Number	Number
Service Delivery								10	12
Service Management								1	2
Service Support								5	4
Total Operations								16	18
Administration								3	5
								19	23
Employment Costs								2022	2021
								E	E
Wages and salaries								655,837	774,196
Social security costs								54,968	65,133
Other pension costs								24,084	32,502
								739,839	871,831
Details ofoutstanding	pension contributions					are provided	in Note 15.
The number of employees		whose annual			remuneration was 660000or more were
								2022	2021
								Number	Number
Employees earning E60,001to E70,000									1
The employee whose emoluments retrirement benefit accruing under				exceeded a defined		f60000 in the year ending 31March benefit pension scheme offNil.			2021had a
Remuneration of key management				personnel				2022	2021
								E	E
Salary								105,371	192,890
Pension								5,279	9,645
								110,930	202,933
Average FTEkey management			personnel

11	Tangible Fixed Assets	Tangible Fixed Assets				Fixtures, fittings and equipment f	Fixtures, fittings and equipment f
	Cost
	At 1April 2021						49,228
	Disposals						0
	Additions						5,738
	At 31March 2022						54,966
	Depreciation and impairment
	At 1April 2021						39,059
	Disposals						0
	Depreciation charged		in the year				6,947
	At 31March 2022						46,006
	Carrying amount
	at31March 2022						8,960
	at31March 2021						10,169
12	Stocks					2022	2021
						f
	Finished goods and	goods for resales				1,171	1,223
13	Debtors					2022	2021
						f	f
	Trade debtors					250,407	76,158
	Prepayments and accrued income					144,087	231,904
	Other debtors
						394,494	308,062
14	Creditors: amounts	falling due		within one year	Notes	2022 f	2021 f
	Other taxation and	social security				40,223	32,456
	Deferred income					148,490	147,851
	Trade creditors					46,227	57,543
	Other creditors					4,883	6,341
	Office dilapidations	and associated expenses				40,000
	Accruals and deferred		rental income			63,025	115,958
						342,848	360,149
	Other creditors atthe		year end			2022	2021
	Pension contributions		due under defined contribution		schemes
	Defined contribution		schemes	- Ees		2,383	3,195
	Defined contribution		schemes	—Ers		1,667	2,336
	Defined benefit scheme deficit contributions					833	810
						4,883	6,341
15	Provisions for liabilities					2022	2021
					Notes	f	f
	Retirement benefit	obligations			16	29,522	39,523

Present value ofp	rovision	s
							2022		2021
								E	E
Present value of provisions							ss,s22		39,523
Reconciliation ofopening		and closing provisions
							Period	ending 31March
							2022		2021
								E	E
Provision at start of period							39,523		46,830
Unwinding ofthe	discount factor		(interest expense)						1,051
Deficit contribution	paid						-10,001		-9,710
Remeasurements-	impact of change			in assumptions					1,352
Re measurements	-amendments		tothe contribution			schedule
Provision at end of period							29,522		39,523
Income and Expenditure		impact
							Period	ending 31March
							2022		2021
									E
Interest expenses									1,051
Remeasurements-	amendments		to contribution		schedule
Key Assumptions
									2021
							tt perannum		%per annum
Rate of Discount							2.53		2.53

The income funds ofthe c	har	ity	include r	estricted	funds.	These	were funds received whe	were funds received whe	were funds received whe	re t	he donor
							Movement in Funds
					Income	Resourced		Transfers			Balance at
						Expended				31	March 2022
					f		E		E		f
General Research Fund					166,472		-166,472
Oak Foundation Exit Strategy Fund					87,423		-87,423
Small Charities Challenge	Fund				75,430		-75,430
					329,325		-329,325
General Research Fund
The General Research Fund comprises work with					various consortia and foundations				undertaking
Oak Foundation Exit Strategy Fund
The Oak Exit Strategy Fund	is a grant received from the Oak Foundation for a							programme		to build the
capacity offour Oak Foundation			partners	in Ethiopia to improve			the likelihood	ofsustainability			after the
Oak foundation has exited	from		the partnership.
Small Charities Challenge	Fund
The Small Charities Challenge		fund is a grant from FCDO's Small Charities Challenge							Fund	to allow the
Unrestricted Funds
Movements on Unrestricted		funds are as		follows
					Movement		in Funds
		Balance at			Income	Resourced		Transfers			Balance at
	31March 2021					Expended				31	March 2022
					f		f		E		f
Genera I reserves			298,471	1,561,710		-1,549,438		-40,000			270,743
Ten a nt's Re pa ire			20,000				-20,000
Remote First								40,000			40000
			318,471	1,561,710		-1,569,438					310,743

					Yearended 31March 2022	Yearended 31March 2022	2021
a)	General Research	Fund
	Sub-award payments to implementation			partners
	—CDA Colaborative, USA					20,325	75,678
	Working with INTRAC as a learning		partner
	-Small grants of	$2,000each to five local		consulting		partners	7,862
	Toresearch and	develop thoughts	on best ways of
bj	Oak Foundation	ExitStrategy Fund
	AGAR, Ethiopia					49,848	77
	Funding to cover	co-ordination of	in-country		delivery of
	capacity building	support tospecific partners			ofthe	Oak
	Foundation
						79,173	83,617

tOperating	lease co	mmitments
Minimum	amounts	due under no cancellable	contracts
			Yearended	31March 2022	2021
				6	E
Not later	than one	year		17,863	40,000
More than one year but less than 5years				1,629	17,863
				19,492	57,863

21	Related party transactions	Related party transactions	Related party transactions	Related party transactions	Related party transactions	Related party transactions
	During the year ended 31 March 2019,Yvonne Taylor, trustee was appointed						as Trustee.	Her
	partner is engaged as an associate consultant for INTRAC. This engagement						was in place	prior	to the
	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 2022							2021
							f		6
	Total invoiced in year						52,132		50,822
	Unsettled invoices appearing in	trade creditors at 31March					3,500
	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 Board		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.
		Year ended 31March 2022							2021
									6
	Total invoiced in year								18,450
	Unsettled invoices appearing in	trade creditors at 31 March
	No figure necessary for 2022 as	he was no longer atrustee	in the year.
22	Cash generated from operations
		Year ended 31March 2022							2021
							6
	Surplus for the year						-7,728		-85,816
	Adjustments for:
	Investment income recognised	in statement of financial activities					-17		-170
	Unrealised gain on pension liability
	Depreciation and impairment oftangible fixed assets						6,947		4,388
	Difference between pension charge and cash contributions						-10,001		-7,307
	Movements in working capital
	Decrease in stocks						52
	(Increase)/decrease in debtors						-86,432		81,191
	(Decrease)/increase in creditors						-17,941		65,510
	(Decrease)/increase in deferred	income					639		-64,859
	Cash generated from/(absorbed	by) operations				-114,481			-7,063

Balance Sheet by F	und Category
		Year	ending 31March	2022
		Unrestdicted	Restricted
		Funds	Funds		Total
		f	f		f
Tangible fixed assets		9,186			9,186
Current assets		652,670	21,257		673,927
Creditors: amounts	falling due within 1year	-321,591	-21,257		-342,848
Provisions/pensions		-29,522			-29,522
Net assets		310,743			310,743
		Year	ending 31March	2021
		Unrestricted	Restricted
		Funds	Funds		Total
		f	f		f
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