##
##
|||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)|
##