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|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|
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|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)|
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|||||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|
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|||||||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|
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|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|