OpenCharities

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

2021-03-31-accounts

Page
Reference and administrative
details
Trustees'
report
2-14
Trustees'
responsibilities
statement
15
Independent
auditor's
report on the
financial statements 16-19
Consolidated
statement
offinancial
activities 20
Consolidated
balance sheet
21
Charity balance sheet 22
Consolidated
statement
ofcash flows
23
Notes to the financial statements 24-51

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note f000 OOOO OOOO f000
Income from:
Donations
and legacies
2,156 2,156 1,236
Charitable
activities
186 1,483 1,669 1,854
Total income 2,342 1,483 3,825 3,090
Expenditure
on:
Raising funds:
Voluntary
income
633 633 496
Institutional
sources
320 320 183
Charitable
activities:
Development
programmes
747 1,216 1,963 2,209
Policy and campaigning 303 117 420 486
Total expenditure 2,003 1 333 3,336 3,374
Other recognised
gains/(losses):
Unrealised
(losses)/gains
(59) (59) 12
Net movement
in funds
280 150 430 (272)
Reconciliation
offunds:
Total funds brought
forward
817 110 927 1,199
Net movement
in funds
280 150 430 (272)
Total funds carried forward 1,097 260 1,357 927

2021 2020
Note f000 f000
Fixed assets
Intangible
assets
12 9 14
Tangible assets 13 34 47
43 61
Current assets
Debtors 15 353 204
Cash at bank and in hand 2,249 1,411
2,602 1,615
Creditors: amounts falling due within one
year 16 (1,288) (749)
Net current assets 1,314 866
Total net assets 1,357 927
Charity funds
Restricted funds 18 260 110
Unrestricted
funds
18 1,097 817
Total funds 1,357 927

2021 2020
Note f000 f000
Fixed assets
Intangible
assets
12 9 14
Tangible assets 13 30 45
39 59
Current assets
Debtors 353 204
Cash at bank and in hand 2,246 1,401
2,599 1,605
Creditors: amounts falling due within one
year 16 (1,288) (749)
Net current assets 1 311 856
Total net assets 1,350 915
Charity funds
Restricted funds 18 260 110
Unrestricted
funds
18 1,090 805
Total funds 1,350 915

2021 2020
OOOO f000
Cash flows from operating activities
Net cash used
in operating
activities 906 (17)
Cash flows from investing activities
Purchase oftangible
fixed assets
(11) (29)
Interest received 2 2
Net cash used in investing activities (9) (27)
Change
in cash and cash
equivalents in the year 897 (44)
Cash and cash equivalents at the beginning ofthe year 1,411 1,443
Change
in cash and cash equivalents
due to exchange rate movements (69) 12
Cash and cash equivalents at the end ofthe year 2,249 1,411

Motor vehicles 20% ofcost per annum
Office equipment 10% ofcost per annum
Computer
equipment
25% ofcost per annum

Unrestricted Total Total
funds funds funds
2021 2021 2020
f.000 f000 f000
Donations 1,873 1,873 1,008
Legacies 238 238 205
Grants from trusts and charities 45 45 23
2,156 2,156 1,236

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
f000 f000 f000
Grants from institutional sources 1,483 1,483
Consultancy and other income 186 186
186 1,483 1,669
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
7000 f000 f.000
Grants from institutional sources 1,691 1,691
Consultancy and other income 163 163
163 1,691 1,854

ende d 31 March 2021
2021 2020
EOOO f000
Split ofincome
UK 2,773 2,158
Rest ofWorld 1,052 932
3,825 3,090

Unrestricted Total Total
funds funds funds
2021 2021 2020
EOOO EOOO EOOO
Travel and accommodation 2
Direct costs 148 148 105
Support costs (Note 9) 213 213 149
Direct salaries 272 272 240
633 633 496
Unrestricted Total Total
funds funds funds
2021 2021 2020
EOOO EOOO EOOO
Travel and accommodation 3
Direct costs 141 141 5
Support costs (Note 9) 69 69 60
Direct salaries 110 110 115
320 320 183

Restricted Unrestricted Total
funds funds funds
2021 2021 2021
OOOO f000 f000
Development Programmes
Direct salaries 337 455 792
Travel and accommodation 33 11 44
Direct programme costs 815 174 989
Support costs (Note 9) 31 107 138
1,216 747 1,963
Policy Unit and Campaigning
Direct salaries 89 113 202
Travel and accommodation 1 1
Direct programme costs 25 7 32
Support costs (Note 9) 2 183 185
117 303 420
1,333 1,050 2,383
Restricted Unrestricted Total
funds funds funds
2020 2020 2020
OOOO f000 f000
Development Programmes
Direct salaries 401 382 783
Travel and accommodation 28 33 61
Direct programme costs 1,018 198 1,216
Support costs (Note 9) 104 45 149
1,551 658 2,209
Policy Unit and Campaigning
Direct salaries 96 72 168
Travel and accommodation 2 1 3
Direct programme costs 30 15 45
Support costs (Note 9) 4 266 270
132 354 486
1,683 1,012 2,695

2021 2020
OOOO OOOO
Depreciation 22 15
Amortisation 5 8
Operating leases 47 52
Realised exchange rate (gains)
Unrealised exchange rate losses/(gains) 59 (12)
Auditor's remuneration 7 7

Support Cos ts
Voluntary Institutional Development Policy and
income sources programmes Campaigning Total
2021 2021 2021 2021 2021
f000 FOOO FOOO FOOO FOOO
Management and admin
salaries 141 46 91 121 399
Governance 11 4 7 10 32
Office services 36 12 24 32 104
Office machinery and
consumables 22
Financial services 26
PR and comms 22
Total 213 69 138 185 605
Voluntary Institutional Development Policy and
income sources programmes Campaigning Total
2020 2020 2020 2020 2020
FOOO OOOO FOOO FOOO FOOO
Management and admin
salaries 90 36 90 166 382
Governance 7 3 6 12 28
Office services 27 11 27 47 112
Office machinery and
consumables 5 6 9 22
Financial services 13 13 23 54
PR and comms 7 7 13 30
Total 149 60 149 270 628

Staff costs
2021 2020
f000 OOOO
Salaries 981 924
Social secrity costs 92 88
Pension costs (excluding contributions to defined benefit scheme-
FRS102) 69 63
Overseas salaries and staff costs 336 609
1,478 1,684
Group Group
2021 2020
No. No.
Development programmes and Policy Unit 40 40
Fundraising 10 10
Management and administration 4 4
54
Group Group
2021 2020
No. No.

12. Intangible assets
Group and company
ITsystems
f000
Cost
At 1 April 2020 32
At 31 March 2021 32
Amortlsatlon
At 1 April 2020 18
Charge for the year 6
At 31 March 2021 23
Net book value
At 31 March 2021
At 31 March 2020 14

13. Tangible fixed assets
Group
Furniture
and
equipment
f000
Cost
At 1 April 2020 119
Additions 11
At 31 March 2021 130
Depreciation
At 1 April 2020 72
Charge for the year 24
At 31 March 2021 96
Net book value
At 31 March 2021 34
At 31 March 2020

Furniture
and
equipment
f000
Cost
At 1 April 2020 116
Additions 6
At 31 March 2021 122
Depreciation
At 1 April 2020 71
Charge for the year 22
At 31 March 2021
Net book value
At 31 March 2021 29
At 31 March 2020 45

Company Company
2021 2020
OOOO f000
Traidcraft Services India Private Limited 1 1

Group Group Company Company
2021 2020 2021 2020
OOOO OOOO OOOO OOOO
Amounts owed by related parties 51 51
Other debtors 74 60 74 60
Prepayments and accrued income 228 144 228 144
353 204 353 204

Group Group Company Company
2021 2020 2021 2020
f000 OOOO OOOO f000
Trade creditors 21 50 23 50
Amounts owed to related parties 30 30
Other taxation and social security 31 29
Other creditors 3 9 3 9
Accruals and deferred income 1,233 660 1 233 660
1,288 749 1,288 749
Group Group Company Company
2021 2020 2021 2020
f000 f000 f000 f000
Deferred income at 1 April 2020 537 610 537 610
Deferred during
the year
1,568 1,336 1,568 1,336
Amounts released (988) (1,409) (988) (1,409)
1,117 537 1,117 537

Statement offu nds - current year
Balance at
Balance at 1 Transfers Gains/ 31 March
April 2020 Income Expenditure in/out (Losses) 2021
8000 f000 f000 f000 f000 f000
Unrestricted
funds
Designated
funds
Porffolio work 269 269
General funds
General funds 817 2,342 (2,003) (269) (59) 828
Restricted
funds
DEAR (13) 93 (80)
Social Change 18 19 (26) 11
Khamatayan (22) 242 (202) 18
Shamerto (26) 1 25
JEWEL (1) 7 (6)
Muktee 77 234 (230) 81
OAK (2) 218 (137) 79
Homeworkers (19) 209 (205) (15)
Juice (9) 51 (52) (10)
Tanzania-
Disability
main
10 139 (142) 7
Catalyst 95 95
Producer
support (2)
PAPOWE
Supporting
tea
workers 77 (65) 12
C&A Textiles 51 (51)
Matrix fund 5 5
WEE 6 (7) (1)
SAWA 108 (132) (24)
Equalitea 21 (21)
Total offunds 927 3,825 (3,336) (59) 1,357

Statement of funds - prior ye ar
Balance at
Balance at Gains/ 31 March
1 April 2019 Income Expenditure (Losses) 2020
f000 OOOO OOOO f000 OOOO
Unrestricted funds
General funds 1,097 1,399 (1,691) 12 817
Restricted funds
DEAR 109 (122) (13)
C&ATextiles 11 (11)
JRCT & Network for Social
Change 18 18
Khamatayan 346 (372) (22)
Shamerto 108 (142) (26)
JEWEL 20 (21) (1)
EqualiTea
CA
1 (1)
Muktee 337 (269) 77
TRAID 64 (64)
OAK 16 (18) (2)
Going Green 10 (10)
Sust Cotton 10 (10)
Homeworkers 138 (157) (19)
Tanzania - Disability 5 (5)
Juice 207 (216) (9)
Tanzania - Disability main 13 145 (148) 10
SAWA UKM 98 (98)
Catalyst 65 30 95
Pre-development/National
I ottery 18 (18)
Producer Support
101 1,691 (1,682) 110
Total offunds 1,198 3,090 (3,373) 12 927

Summary offun ds - current year
Balance at
Balance at 1 Transfers Gains/ 31 INarch
April 2020
OOOO
Income
OOOO
Expenditure
f000
in/out
f000
(Losses)
f000
2021
f000
Designated
funds 269 269
General funds 817 2,342 (2,003) (269) (59) 828
Restricted funds 110 1,483 (1,333) 260
927 3,825 (3,336) (59) 1,357
Summary
offunds - pri
or year
Balance at
Balance at Gains/ 31 March
1 April 2019 Income Expenditure (Losses) 2020
f000 f000 f000 f000 f000
General funds 1,097 1,399 (1,691) 12 817
Restricted funds 101 1,691 (1,682) 110
1,198 3,090 (3,373) 12 927
Analysis of net assets between funds - curr ent year
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
f000 OOOO f000
Tangible fixed assets 34 34
Intangible fixed assets 9 9
Current assets 1,226 1,377 2,603
Creditors due within one year (172) (1,117) (1,289)
Total 1,097 260 1,357

Analysis ofnet assets between funds - prio r year
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
f000 OOOO OOOO
Tangible fixed assets 47 47
Intangible fixed assets 14 14
Current assets 969 646 1,615
Creditors due within one year (213) (536) (749)
817 110 927

Group Group
2021 2020
f000 OOOO
Net
income/(expenditure)
for the year (as per Statement of Financial
Activities) 489 (284)
Adjustments
for:
Depreciation
charges
30 22
Decrease/(increase) in debtors (149) 278
Increase/(decrease) in creditors 538 (31)
Interest received (2) (2)
Net cash provided by/(used in) operating activities 906 (17)
Group Group
2021 2020
f000 f000
Cash in hand 2,249 1,411
Total cash and cash equivalents 2,249 1,411

Changes
in
market
value and
exchange
At 1 April rate At 31 March
2020 Cash flows movements 2021
f000 f000 f000 f000
Cash at bank and in hand 1,411 897 (59) 2,249
Principal
actuarial
a
ssumption s at the balance sheet date (expresse d as weighted
averages):
At 31 March At 31 March
2021 2020
Discount rate 1.95 2.30
Expected rate of inflation (CPI) 2.25 2.00
Rate ofincrease of pensions accrued post 5 April 1997 2.25 2.00
Rate of revaluation ofdeferred pensions 2.25 2.00

At 31 March At 31 March
2021 2020
Years Years
Mortality rates (in years)
-for a male aged 65 now 21.3 21.3
-at 65for a male aged 45 now 22.3 22.3
-for afemale aged 65 now 23.2 23.2
-at 65fora female aged 45 now 24A 24.4
The charity's sha re ofthe assets in the scheme was:
At 31 March At 31 March
2021 2020
f000 f000
Equities 309 217
Bonds 1,519 1,470
Other 13 40
Value recognised limited under FRS102 (191) (189)
Total fair value ofassets 1,650 1,538
The amou nts
rec
o gnised in the Consolidated
s
tatement
offinanc
ial
activities are as
follows:
2021 2020
f000 f000
Net interest on defined benefit asset (4)
Movements
in the
present value ofthe defined benefit obligation were as follows.—
2021 2020
OOOO f000
Opening defined benefit obligation (1,538) (1,611)
Interest cost (35) (37)
Benefits paid 59 46
Expenses 4 1
Actuarial gain/(losses) (140) 63
Closing defined benefit obligation (1,650) (1,538)

Movements
in the
fair value oft he charity's share ofscheme assets were as follows:
2021 2020
f000 f000
Opening
fair value
ofscheme assets 1,727 1,783
Interest income 39
Return on plan assets excluding interest 138 (50)
Expenses (4) (1)
Benefits paid (59) (46)
Value recognised limited under FRS102 (191) (189)
Closing fair value ofscheme assets recognised 1,650 1,538
2021 2020
KOOO f000
Present value ofdefined benefit obligations (1,650) (1,538)
Fair value of plan assets 1,650 1,538
Deficit in the scheme

under non- can cellable
operating
leases as follow
s:
Group Group Company Company
2021 2020 2021 2020
OOOO OOOO f000 f000
Not later than 1 year 36 41 36 41
Later than 1 year and not later than 5years 32 12 32 12
68 53 68 53

3.Trustee s - the trustees donated
anil (2020:anil) during the year.
2021 2020
f000 f000
Traidcraft pic
Purchase ofgoods and services (e.g. rent and building costs) 30 14
Sale ofservices 177 24
Recharge of redundancy costs (22)
Balances due (to)/from related parties at 31 March
Traidcraft Foundation
Traidcraft pic 51 (30)