OpenCharities

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

2020-12-31-accounts

Page
Chairman's
Report
A note from the Chief Executive Officer
Strategic Report
Report ofthe Trustees 4 to 27
Report ofthe Independent
Auditors		 28 to 30
Statement ofFinancial Activities 3l
Statement ofFinancial Position 32 to 33
Statement ofCash Flows 34
Notes to the Statement ofCash Flows 35
Notes to the Financial Statements 36 to 46
Detailed Statement ofFinancial Activities 47 to 48

Level
of
Risk impac Likelihood Potential
Category Risk Title t(1-5) (1-5) Impact Steps to mitigate risk
Operational Coronavirus 5 5 The virus is We are exploring transitioning
restricting some counselling
support to
programmes, phone-based
(through
the
due to limits on helpline)
and speaking with UBL
movement and to offer loan repayment
holiday to
gathering of IGA groups. SURF staff are
people working
I'rom home.
Financial Funding 4 4 Use up reserves Ensure that funding
opportunities
shortfalls in short-term if are reviewed
at the board meeting
SURF unable and leverage additional
resource
to sustain itself offundraising
consultant
to
in long-run identify new funding
opportunities.
Financial Cash flow 5 3 Lackof Ensure adequate
cash flow
sensitivities liquidity
to		 projections.
meet
commitments
Operational Loss ofkey 5 3 Potential
threat		 Ensure that staff are properly
staff to delivery of supported,
and that there are
projects sufficient development
because of a opportunities.
Ensure that there
deficit of are appropriate
consultants
to add
institutional support ifand when necessary.
knowledge
Operational Safeguarding 5 3 Harm to Ensure that our safeguarding
beneficiaries policies are included
in our
and partner reporting
requirements
reputational and that beneficiaries
know about
damage to whistle blowing policies so that
SURF they know who they can report
abuse to.

31.12.20 31.12.19
Unrestricted Restricted Total Total
fund fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations 2 50,556 66,011 116,567 120,311
Charitable activities
Charitable Activity 40,000 415,371 455,371 310,221
Other Incoming Resources 758 3,512 4,270 8,775
Total 91,314 484,894 576,208 439,307
EXPENDITURE ON
Charitable activities
Charitable Activity 61461 46$,5$4 529&945 472,340
NET INCOME/(EXPENDITURE) 29,953 16810 46,263 (33,033)
RECONCILIATION OF FUNDS
Total funds brought forward 48,653 16,465 65,11898,151
TOTAL FUNDS CARRIED FORWARD 78,606 32,775 111881 65,118


31DECEMBER2020
31.12.20 31.12.19
Notes
FIXEDASSETS
Tangible assets 13 24,813 18,629
CURRENT ASSETS
Debtors 61,038 26,576
Cash at bank and in hand 491072 42,676
1101110 69452
CREDITORS
Amounts
faBing due within one year		 15 (23/42) (22,763)
NET CURRENT ASSETS 86,568 46,489
TOTAL ASSETSLESSCURRENT
LIABILITIES 111,381 65,118
NETASSETS 111481 65,118
FUNDS 17
Unrestricted
funds:
General fund 78,606 48,653
Restricted funds:
Restricted Funds 32,775 16,465
TOTAL FUNDS 111481 65,118

31.12.20 31.12.19
Notes
Cash flows from operating activities
Cash generated
from operations		 15,460 3,818
Net cash provided by operating
activities		 15,460 3,818
Cash flows from investing activities
Purchase oftangible fixed assets (9,064) (1,777)
Net cash used in investing activities (9,064) (1,777)
Change in cash and cash equivalents in
the reporting period 6,396 2,041
Cash and cash equivalents at the
beginning ofthe reporting period 42,676 40,635
Cash and cash equivalents at the end of
the reporting
period		 49,072 42,676

OPERATING AC TIVI TIES
31.12.20 31.12.19
g
Net income/(expenditure) for the reporting period (as per the
Statement ofFinancial Activities) 46,263 (33033)
Adjustments
for:
Depreciation
charges		 2/372 1,478
Other 508 18,663
(increase)/decrease in debtors (34,462) 16,330
Increase in creditors 779 380
Net cash provided by operations 15,460 3,818

ANALYSIS OF CHANGES IN NET FUN DS
At 1/1/20 Cash flow At 31/12/20
8
Net cash
Cash at bank snd in hand 42,676 6@96 49,072
42,676 49,072
Total 42,676 6@96 49,072

DONATIONS
31.12.20 31.12.19
Donations 100,921 89,000
Gift aid 7,977 12,605
Donated services and facilities 7,669 18,706
116,567 120,311
OTHER INCOMING RESOURCES
31.12.20 31.12.19
Agency Income 3,512 7,077
Other Surf Rwanda Income 1,290
Interest income 758 408
4,270 8,775

FOR THE YEARENDED 31DECEMBER 20 FOR THE YEARENDED 31DECEMBER 20 FOR THE YEARENDED 31DECEMBER 20 FOR THE YEARENDED 31DECEMBER 20 FOR THE YEARENDED 31DECEMBER 20 20
INCOME FROM CHARITABLE ACTIVITIES
31.12.20 31.12.19
Activity
Grants Charitable Activity 455,371 310,221
Grants received, included in the above, are as follows:
31.12.20 31.12.19
Foundation
Rwanda		 12,255 26,905
INSPIRE!africa 50i225 50,579
Anonymous 70,000 50,000
Charities Advisory Trust (Good Gifts) 55,685 44,337
Charities Aid Foundation (CAF) America 2,169 3,499
Network for Africa 30,874 37,648
Legal Aid Forum Rwanda 32,912
Addax &Oryx Foundation 30,580 38,276
Clifford Chance 83,366
UK Foreign, Commonwealth and Development Office (Empowering
Vulnerable
Genocide Widows in Western		 Rwanda to Alleviate Extreme
Poverty (EVWEP) project) 120,217 26,065
455,371 310,221
5. CHARITABLE ACTIVITIES COSTS

6. GRANTS PAYABLE
31.12.20 31.12.19
8 5
Charitable
Activity		 365,684 272,032
The total grants paid to institutions during the year was as follows:
31.12.20 31.12.19
5
Community
Projects (Shelter)		 39,535 5,680
Foundation
Rwanda		 22,095 23,685
Youth Entrepreneurship Training Programme (YETP) 23,404 16,011
Project Umubano 7,954
HIV +Survivors
Empowerment		 Project (SEP) 5,973
Community
Counselling		 Initiative (CCI) 40,883 66,565
Good Gifts Project 112,889 45,511
Reaching Rwanda Project 36&050 49,114
University
Student Support		 Programme 1,163 2,879
Supplementary
Entrepreneurship		 Support 11&786 3,930
Supplementary
Educational		 Support 7&917 3,768
Empowering
Vulnerable		 Genocide Widows in Western Rwanda to
Alleviate Extreme Poverty (EVWEP) project. 66452 13,077
Empowering
Vulnerable		 Genocide Widows in Karongi District to
Alleviate Extreme Poverty (EVKEP) project. 27,885
Other Agency Costs 3,710
365,684 272,032
7. SUPPORT COSTS
Human
Management Finance resources
5
Charitable
Activity		 39,565 11,818 6,049

Premises Other Governance
Costs Overheads costs Totals
Charitable
Activity		 13,995 7,669 4,800 83,896
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.20 31.12.19
Auditors'
remuneration		 4,800 4,800
Depreciation
-owned assets		 1,647 1,478

31.12.20 31.12.19
8
Trustees' expenses 357
10. STAFF COSTS
31.12.20 31.12.19
Wages and salaries 69,414 66,916
Social security costs 4,795 4,732
74/09 71,648
The average monthly number ofemployees during the year was as follows:
31.12.20 31.12.19
Charitable
Activities		 7 7
Management and Administration 1 1

FORTHE YEAR ENDED 31DECEMBER2020 FORTHE YEAR ENDED 31DECEMBER2020 FORTHE YEAR ENDED 31DECEMBER2020 FORTHE YEAR ENDED 31DECEMBER2020
11. COMPARATIVKS FORTHK STATEMENT OFFINANCIAL ACTIVITIES 31.12.2019
Unrestricted Restricted Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Donations 62,046 58,265 120,311
Charitable
activities
Charitable
Activity		 310,221 310,221
Other Incoming Resources 1,698 7,077 8,775
Total 63,744 375,563 439,307
EXPENDITURE ON
Charitable
activities
Charitable
Activity		 74,641 397,699 472,340
NET INCOME/(EXPENDITURE) (10,897) (22,136) (33,033)
RECONCILIATION OF FUNDS
Total funds brought forward
As previously
reported		 78,936 38,601 117,537
Prior year adjustment (19,386) (19,386)
As restated 59,550 38,601 98,151
TOTAL FUNDS CARRIED FORWARD 48,653 16,465 65,118

13. TANGIBLE FIXEDASSETS
Leasehold Plant and Motor
Land machinery vehides Totals
5
COST
At 1 January 2020 15,935 47,226 63,161
Additions 9,064 9,064
Exchange differences (1&154) (79) (1,233)
At 31December 2020 14,781 47,147 9,064 70&992
DEPRECIATION
At 1 January 2020 703 43,829 44,532
Charge for year 260 248 1,139 1,647
At 31December 2020 963 44,077 1,139 46,179
NET BOOKVALUE
At 31December 2020 13&818 3,070 7,925 24,813
At 31December 2019 15,232 3,397 18,629
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
8
Trade debtors 7,977 13,657
Other debtors 53,061 12,919
61&038 26,576

CREDITORS: AMOUNTS FA LLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
Trade creditors 63
Social security and other taxes 3&271 2,840
Other creditors 20,271 19,860
23,542 22,763
MOVEMENT IN FUNDS
Net
movement At
At 1/1/20 in funds 31/12/20
Unrestricted
funds
General fund 48&653 29,953 78,606
Restricted funds
Restricted Funds 16,465 16&310 32&775
TOTAL FUNDS 65,118 46,263 111,381
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 91@14 (61,361) 29,953
Restricted funds
Restricted Funds 484,894 (468,584) 16810
TOTAL FUNDS 576,208 (529,945) 46,263

Prior Net
year movement At
At 1/1/19 adjustment in funds 31/12/19
Unrestricted
funds
General fund 78,936 (19,386) (10,897) 48,653
Restricted funds
Restricted Funds 38,601 (22,136) 16,465
TOTAL FUNDS 117,537 (19,386) (33,033) 65,118
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 63,744 (74,641) (10,897)
Restricted funds
Restricted Funds 375,563 (397,699) (22,136)
TOTAL FUNDS 439,307 (472,340) (33,033)
Analysis ofRestricted Reserves 31,12.2020 31.12.2019
Addax dt Oryx Foundation 11,616
Legal Aid Forum Rwanda 4,849
UK Foreign, Commonwealth and Development
Office
(Empowering
Vulnerable		 Genocide Widows in Western
Rwanda to alleviate Extreme Poverty (EVWEP) project 32,775
32,775 16,465

FOR THE YEAR ENDED 3 1DECEMBER 2020
31.12.20 31.12.19
INCOME AND ENDOWMENTS
Donations
Donations 100,921 89,000
Giii aid 7,977 12,605
Donated services and facilities 7,669 18,706
116,567 120,311
Other Incoming Resources
Agency Income
Other Surf Rwanda Income		 3,512 7,077
1,290
Interest income 758 408
4,270 8,775
Charitable
activities
Grants 455@71 310,221
Total incoming resources 576,208 439,307
EXPENDITURE
Charitable
activities
Wages 69&414 66,916
Social security 4,795 4,732
Networking
and		 Advocacy 1,765 2,404
Travel and Subsistence 1,001
Internet Expenses 2,451 1,914
SURF UK Related Expenses 182
Provision for Severance Pay (432) 474
Depreciation oftangible fixed assets 2&372 1,478
Project Costs 365,684 272,032
446,049 351,133
Support costs
Management
Trustees' expenses 357
Carried forward 357

FORTHE YEAR ENDED 31DECEMBER2020
31.12.20 31.12.19
Management
Brought forward 357
Training
and Welfare		 13,593 11,467
Travel and Subsistence 5,972 8,550
Consultancy
Services		 20,000 20,000
39,565 40,374
Finance
Foreign Exchange Difference 11,027 40,487
Bank charges 791 831
11,818 41,318
Human resources
Consultancy
Costs		 6,049 4,000
Premises Costs
Rent 6,832 6,407
Light and Heat 859 937
Telephone 2,461 1,933
Postage and stationery 834 321
Cleaning 3,009 2,411
13,995 12,009
Other Overheads
Advertising 7,669 18,706
Governance
costs
Auditors'
remuneration		 4,800 4,800
Total resources expended 529,945 472,340
Net income/(expenditure) 46,263 (33033)