2022-12-31-accounts - The Institute For War And Peace Reporting (Iwpr)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Governing		Document	Memorandum and Articles	Memorandum and Articles	ofAssociation	ofAssociation	1 September	1992
Company	number		2744185
Charity number			1027201
Trustees			The Trustees who served		during the period and		up to the date	ofthis
			Report were as follows:
			Sir David Bell (Chairman)
			Simon Hersom (Treasurer)
			Stephen Jukes
			Michael Immordino
			Adrienne van Heteren	(appointed		2 November	2022)
Executive	Director		Anthony Borden
Registered		office and	48 Gray,'-s lnri Ro'ad
operational		address	London WC1X 8LT
Independent		Auditor	Haysmacintyre LLP
			10Queen Street Place
			London EC4R 1AG
Bankers			National Westminster	Bank pic
			218 Upper Street
			London N1 1SP
Solicitors			Bates Wells &Braithwaite		London	LLP
			10Queen Street Place
			London EC4R 1BE

		Page
Trustees' Report
Statement ofTrustees'	Responsibilities
Independent auditor's	report
Statement ofFinancial	Activities	13
Balance sheet		14
Cash Flow Statement		15
Notes tothe financial	statements	16

					Year	ended 31December	2022	2021
				Note	Unrestricted	Restricted	Total funds	Total
					funds	funds		funds
Income from:
Charitable activities						4,094,537	4,094,537	3,350,526
Donations and legacies					63,847		63,847	30,095
Trading activities	of	subsidiary			1,181,983		1,181,983	635,589
Other
TOTAL					1,245,830	4,094,537	5,340,367	4,016,210
Expenditure on:
Raising Funds					43,838		43,838	49,489
Charitable activities					60,514	4,111,958	4,172,472	3,717,706
Trading activities	of	subsidiary			1,086,354		1,086,354	572,106
TOTAL				6&8	1,190,706	4,111,958	5,302,664	4,339,301
Net income/(expenditure)			forthe		124	(17,421)	37,703	(323,091)
year
Gross transfer between			funds		(17421)	17,421
NET MOVEMENT	IN	FUNDS			37,703		37,703	(323;091)
Total funds brought		forward			978,422		978,422	1,301,513
TOTAL FUNDS CARRIED					1,016,125		1,016,125	.978,422
FORWARD

		Group	Group	Charity	Charity
	Note	2022	2021	2022	2021
FIXEDASSETS
Investments
Tangible fixed assets
TOTAL FIXEDASSETS
CURRENT ASSETS
Debtors	10	1,096,385	626,694	993,879	852,165
Cash		617,360	1,269,593	587,032	965,855
		1,713,745	1,896,287	1,580,911	1,818,020
CREDITORS: amounts
falling due within one		(697,620)	(917,865)	(660,415)	(903,081)
year
NET CURRENT ASSETS/(LIABILITIES)		1,016,125	978,422	920,496	914,939
NET ASSETS		1,016,125	978,422	920,498	914,941
FUNDS
Restricted funds
Unrestricted funds:
General reserves	12	1,016,125	978,422	920,498	914,941
		1,016,125	978,422	920,498	914,941

		Note	2022 f	2021 f
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operations		A	(652,233)	(539,724)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE PERIOD			(652,233)	(539,724)
Cash and cash equivalents at 1January			1,269,593	1,809,317
CASH AND CASH EQUIVALENTS DECEMBER	AT31	8	617,360	1,269,593
			2022	2021
Note A			f	f
Reconciliation ofnet movement	in funds	to net cash flow from operating		activities
Net movement in funds for the	year per the
Statement ofFinancial Activities
Adjustments for:
Depreciation charges
Increase in debtors			(469,691)	(350,322)
Increase/(decrease) in creditors			(220,245)	133,689
Net cash provided by (used in)	operating	activities	(689,936)	(539,724)
Note 8
Analysis ofcash and cash equivalents
Cash in hand			617,360	1,269,593
Total cash and cash equivalents			617,360	1,269,593

INCOME FROM	CHARITABLE	CHARITABLE	ACTIVITIES
				Unrestricted	Restricted funds	Total funds	Tota I funds
				funds 2022	2022	2022	2021
					f	f	f
Foreign, Commonwealth			&		1,666,190	1,666,190	1,086,759
Development	Office
Royal Ministry	of Foreign		Affairs		1,121,711	1,121,711	986,139
Norway
Foreign Office	of Federal						170,624
Republic ofGermany
Wellspring Philanthropic			Fund		216,337	216,337	75,941
European Union							106,662
Other					1,090,299	1,090,299	924,401
					4,094,537	4,094,537	3,350,526
				Unrestricted	Restricted	Total funds	Total funds
				funds 2021	funds 2021	2021	2020
				f	f	f	f
Foreign, Commonwealth		and			1,086,759	1,086,759	2,039,032
Development Office
Royal Ministry of Foreign		Affairs			986,139	986,139	879,383
Norway
Foreign Office of Federal		Republic of			170,624	170,624
Germany
Wellspring Philanthropic		Fund			75,941	75,941
European Union					106,662	106,662	375,138
Other					924,401	924,401	916,036
					3,350,526	3,350,526	4,209,589

6. NET MOVEMENT	6. NET MOVEMENT	IN FUNDS	IN FUNDS	IN FUNDS
								2022	2021
Net movement	in funds	is stated after charging:
Depreciation
Auditors remuneration		-	audit (excluding				VAT)	26,950	24,500
Donor audits and other		work		(excluding		VAT)		18,193	16,662
7. STAFF COSTS
London staff costs:
								2022	2021
								E	E
Salaries								1,346,491	1,277,674
Social security	costs							165,942	152,051
Pension costs								51,396	48,170
								1,563,829	1,477,895
No redundancy	costs were incurred				in 2022 (2021:EO).

US and IWPR	NL In t	otal IWP	R's contribution	towards	these costs were	E337,341(2021:f47	8,527).
The average	monthly	number	ofemployees,	analysed	by function
was:						2022	2021
Media development,		training	and reporting			14	13
Support						7	6
						21	19

	The number ofemployees	to over E60,000 in the year was:
		2022
	E140,000-E150,000
	E130,000-E140,000
	E100,000-E110,000
	E90,000 —E100,000
.	E80,000-E90,000
	E70,000 —E80,000
	E60,000 —E70,000

			2022		2021
		Direct	Support	Total	Total
		Costs	Costs	Costs	costs
Raising	funds costs		43,838	43,838	49,489
Charitable activities:
Media	development,	3,784,617	387,855	4,172,472	3,717,706
training	and reporting
Trading	activities	1,080,922	5,432	1,086,354	572,106
		4,865,539	437,125	5,302,664	4,339,301

		2022	2021
Support costs
Staff costs		217,030	215,368
Staff overheads		42,438	38,386
Governance:	Audit fees	26,950	24,500
Other		150,707	228,440
		437,125	506,694

		Direct costs f	Support costs f	Total costs f
Raising funds	costs		49,489	49,489
Charitable activities: Media development,		3,263,362	454,344	3,717,706
training and reporting
Trading activities		569,245	2,861	572,106
		3,832,607	506,694	4,339,301
Support costs				2021 f
Staff costs				215,368
Staff overheads				38,386
Depreciation
Governance:	Audit fees			24,500
Other				228,440
				506,694

	2022	2021
Income	1,181,983	635,589
Expenditure	(1,080,922)	(569,245)
Gross profit	101,061	66,344
Administrative expenses	(5,432)	(2,861)
	95,629	63,483
imited: Balance sheet
	2022	2021
	E
Debtors	328,920	186,090
Cash	30,331	303,740
Creditors	(263,620)	(426,345)
Net current assets and net assets	95,631	63,485
Share capital
Reserves	95,629	63,483
	95,631	63,485

10. DEBTORS
		Group			Charity
	2022		2021	2022		2021
	f		f	f		f
Inter-charity debtors	168,190		409,825	182,416		551,530
Due from subsidiary				212,188		269,856
Grants receivables	893,352		197,456	564,832		12,445
Staff advances	1,799		995	1,799		995
Prepayments	32,644		18,418	32,644		17,339
Other debtors
	1,096,385		626,694	993,879		852,165

	Group
	2022	2021
Deferred income	262,997	640,504
Trade creditors	40,667	62,631
PAVE and other taxes	42,967	44,088
Due to IWPR NL	62,236
Other creditors	21,028	39,425
Accruals	267,725	131,217
	697,620	917,865

	Charity
2022		2021
262,997		640,504
40,587		62,631
42,967		44,088
62,236
8,395		27,061
243,233		128,797
660,415		903,081

Deferred	income
				Group				Charity
			2022		2021		2022		2021
			f		E		f		E
At 1January			640,504		610,325		640,504		610,325
Amount year	released	in	(640,504)		(610,325)	'	(640,504)		(610,325)
Amount	deferred	in	262,997		640,504		262,997		640,504
year
At 31December			262,997		640,504		262,997		640,504

		As at	1			Transfer	As at 31
		January		Income	Expenditure	between	December
		2022				funds	2022
			E			E	E
Unrestricted	funds
General funds		978,422		1,245,830	(1,190,706)	(17,421)	1,016,125
Total
unrestricted		978,422		1,245,830	(1,190,706)	(17,421)	1,016,125
funds
Restricted funds
Central Asia,	Caucasus L
Ukraine				2,340,139	(2,341,598)	1,459
MENA				542,669	(559,672)	17,003
Other regions				1,211,729	(1,210,688)	(1,041)
At 31December 2022				4,094,537	(4,111,958)	.17,421
TOTAL FUNDS		978,422		5,340,367	(5,302,664)		1,016,125

	As	at 1January 2021	at 1January 2021	Income		Expenditur e	Transfer between funds	As at 31 December 2021	As at 31 December 2021
									E
Unrestricted funds
General funds		1,301,513		665,684	'	(825,699)	(163,076)	978,422
Tota I unrestricted funds		1,301,513		665,684		(825,699)	(163,076)	978,422
Restricted funds
Central Asia, Caucasus 8
Ukraine				1,242,247		(1,239,895)	(2,352)
MENA				912,762		(1,026,428)	113,666
Other regions				1,195,517		(1,247,279)	51,762
At 31December 2021				3,350,526		(3,513,602)	163,076
TOTAL FUNDS		1,301,513		4,016,210		(4,339,301)		978,422
13. ANALYSIS OF NET	ASSETS		BETWEEN FUNDS
GROUP		Fixed assets		Net current assets/(liabilities)			Fund balances
Restricted funds
Genera I funds					1,016,125		1,016,125
At 31DECEMBER 2022					1,016,125		1,016,125
CHARITY		Fixed assets		Net current assets/(liabilities)			Fund balances
Restricted funds
Genera I funds						920,496	920,498
At 31DECEMBER 2022						920,496	920,496
				26

GROUP	Fixed assets	Net current assets/(liabilities)	Fund balances
Restricted funds
General funds		978,422	978,422
At 31DECEMBER 2021		978,422	978,422
CHARITY	Fixed assets	Net current assets/(liabilities)	Fund balances
Restricted funds
General funds		914,939	914,941
At 31DECEMBER 2021		914,939	914,941

			2022	2021
				E
Minimum	lease payments	under operating
recognised	as an expense	during the year	29,993	49,230

At 31December 2022, the Charity had outstanding comm operating leases as follows:	itments under non-cancellab	le
	2022	2021
Payable within one year	36,002	37,746
Payable between two and five years inclusive	42,010	77,543
At 31December	78,012	115,289

			Non-Cash	At 31
			changes	December
At	January 2022	Cash flow		2022
	1,269,593	(652,233)		617,360
	1,269,593	(652,233)		617,360