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|Governing||Document|Memorandum
and Articles|Memorandum
and Articles|ofAssociation|ofAssociation|dated|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|||||||
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|||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|
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||||||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|
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|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|
##
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|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|whose emoluments|amounted|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|
##
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##
||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|
##
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||||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|