##
##
||Page||
|---|---|---|
|Chairman's
Report|||
|A note from the Chief Executive|||
|Report ofthe Trustees|3 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||
|lvotes to the Fiaancial Statements|36 to|46|
|Detailed Statement ofFinancial Activities|47 to|48|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Level of||||||
|---|---|---|---|---|---|---|---|
|||impact||||||
|Risk||(1-5)|Likelihood|||||
|Category|Risk Title||(1-5)|Potential Impact||Steps to mitigate risk||
|Operational|Coronavirus|4||Restrictions
have|been|Groups are now able to||
|||||reduced significantly||meet for trainings
and||
|||||in Rwanda as aresult||counselling.
Urwego Bank||
|||||ofthe implementation||is now giving out||
|||||ofpreventative||entrepreneurial
loans and||
|||||measures.||beneficiaries
are paying||
|||||||back as normal. The loan||
|||||||repayment
holiday to IGA||
|||||||groups is over. SURF staff||
|||||||have resumed
office and||
|||||||fieldwork.||
|External|Climactic|4||Events such as heavy||Ensure that the risks are||
||risks|||rains, volcanic||identified,
and where||
|||||eruptions
in Rubavu||urgently
required
advocacy||
|||||and earthquakes|could|is undertaken
with||
|||||have amajor impact||stakeholders
who could||
|||||on housing of||potentially
address them.||
|||||beneficiaries||||
|Operational|Loss of|5||Potential threat to||Ensure that staff are||
||key staff|||delivery ofprojects||properly
supported,
and|that|
|||||because ofadeficit of||there are sufficient||
|||||institutional||development
opportunities.||
|||||knowledge||Ensure that there are||
|||||||appropriate
consultants|to|
|||||||add support ifand when||
|||||||necessary.||
|Operational|Safeguarding|5|3|Harm to beneficiaries||Ensure that our||
|||||and reputationsl||safeguar&iing
poiicies are||
|||||carriage toSu&||included
in our parmer||
|||||||reporting
requirements|and|
|||||||that beneficiaries
know||
|||||||about whistle blowing||
|||||||policies so that they know||
|||||||who they can report abuse||
|||||||to.||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||8|5|
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|||2|44,074|28,496|72,570|116,56/|
|Charitable|activities|||||||
|Charitable|Activity|||20,000|643,893|663,893|455,371|
|Other Incoming Resources||||180|3,491|3,671|4,270|
|Total||||64,254|675,880|740,134|576,208|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Charitable|Activity|||~56624|5~55227|~611851|529945|
|NET INCOME||||7,630|120,653|128,283|46,263|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||78,606|32,775|111,381|65,118|
|TOTAL FUNDS CARRIED FORWARD||||~86236|153,428|239,664|111,381|
##
##
||31DECEMBER2021|||
|---|---|---|---|
|||31.12.21|31.12.20|
||Notes|||
|FIXEDASSETS||||
|Tan~hie assets|13|40,248|24,813|
|CURRENT ASSETS||||
|Debtors|14|14,382|61,038|
|Cash at bank and in hand||211,437|49,072|
|||225,819|110,110|
|CREDITORS||||
|Amounts
falling due within one year|15|(26,403)|(23,542)|
|NET CURRENT ASSETS||199,416|86,568|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||239,664|111,381|
|NET ASSETS||~239 664|111,381|
|FUNDS|17|||
|Unrestricted
funds:||||
|General fund||86,236|78,606|
|Restricted funds:||||
|Restricted Funds||~153428|32,775|
|TOTAL FUNDS||239,664|111,381|
##
##
##
##
||F|ORTHE Y|EARENDED 3|1DECEMBER2021||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
|||Notes||f|f|
|Cash flows from operating||activities||||
|Cash generated
from operations|||1|~183145|15,460|
|Net cash (used in)/provided||by operating|activities|~183145|15,460|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||20780|9,064|
|Net cash used in investing|activities||||~9„064)|
|Change in cash aud cash|equivalents|||||
|in tbe reporting
period||||162/65|6,396|
|Cash aud cash equivalents||at tbe||||
|beginning oftbe reporting||period||49,072|42 676|
|Cash.and cash equivalents||at the end||||
|oftbe reporting
period||||211,437|49,072|
##
##
||FO|RTHE YEARENDED 31DECEMBER|RTHE YEARENDED 31DECEMBER|2021|2021|
|---|---|---|---|---|---|
||RECONCILIATION|OFNET INCOME TO NET CASH FLOW||FROM OPERATING||
||ACTIVITIES|||||
|||||31.12,21|31.12.20|
||Net income for the reporting||period (as per the Statement of|||
||Financial Activities)|||128,283|46,263|
||Adjustments
for:|||||
||Depreciation
charges|||4,714|2,372|
||Other|||631|508|
||Increase in debtors|||46,656|(34,462)|
||Increase in creditors|||~2861|779|
||Net cash (used in)/provided||by operations|183,145|15,460|
|2.|ANALYSIS OF CHANGES||IN NET FUNDS|||
|ANALYSIS OF CHANGES IN NET FU|NDS|||
|---|---|---|---|
||At l/I/21|Cash flow|At 31/12/21|
||||f|
|Net cash||||
|Cash at bank and in hand|495072|162,365|211,437|
||49,072|162465|211,437|
|Total|49,072|162465|211,437|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS|||
|---|---|---|
||31.1221|31.12.20|
||f||
|Donations|61,447|100,921|
|Gift aid|7,786|7,977|
|Donated services and facilities|3437|7,669|
||72,570|~116567|
|OTHERINCOMINGRESOURCES|||
||31.12.21|31.12.20|
|Agency Income|3,491|3,512|
|Interest income|180|758|
||3,6'7l|4,270|
##
##
||INCOME FROM|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.21|31.12.20|
|||||Activity||||f||
||Grants|||Charitable|Activity|||663,893|455,371|
||Grants received, included||in|the above,|are as fogowsi|||||
|||||||||31.12.21|31.12.20|
|||||||||f||
||Foundation
Rwanda|||||||86,272|12,255|
||INSPIRE!africa|||||||36,707|50,225|
||Anonymous|||||||50,000|70,000|
||Charities Advisory|Trust (Good Gills)||||||93,843|55,685|
||Comic Relief (Shooting Touch)|||||||20,454||
||Charities Aid Foundation||(CAF) America|||||807|2,169|
||Network forAfrica|||||||36,634|30,874|
||Addax dt Oryx Foundation|||||||29,834|30,580|
||Clifford Chance|||||||239,147|83,366|
||UK Foreign, Commonwealth|||and Development||Office|(Empowering|||
||Vulnerable
Genocide Widows in Western Rwanda to Alleviate|||||||||
||Extreme Poverty (EVWEP)|||project)||||70,195|120,217|
|||||||||663,893|455,371|
|5.|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||Grant|||
||||||||funding of|||
||||||||activities|Support||
|||||||Direct|(see note|costs (see||
|||||||Costs|6)|note 7)|Totals|
||Charitable
Activity|||||86,936|455,669|69,246|611,851|
|6.|GRANTS PAYABLE|||||||||
|||||||||31.12.21|31.12.20|
|||||||||f||
||Charitable
Activity|||||||455,669|365,684|
##
##
|GRANTS PAYABLE - continued||||||
|---|---|---|---|---|---|
|The total grants paid to institutions|during the|year was|as follows:|||
|||||31.12.21|31.12.20|
|||||8||
|Community
Projects (Shelter)||||2,694|39,535|
|Foundation
Rwanda||||44,611|22,095|
|Youth Entrepreneurship
Training Programme||(YETP)|||23,404|
|Community
Counselling
Initiative (CCI)|||||40,883|
|Good Gifts Project||||78,539|112,889|
|Reaching Rwanda Project||||43,658|36,050|
|University
Student Support Programme||||1,034|1,163|
|Entrepreneurship
Support|||||11,786|
|Supplementary
Educational
Support|||||7,917|
|Empowering
Vulnerable
Genocide|Widows in|Western|Rwanda to|||
|Alleviate Extreme Poverty (EVWEP) project.||||89,822|66,252|
|Empowering
Vulnerable
Genocide|Widows in|Karongi|and Rutsiro|||
|District to Alleviate Extreme Poverty (EVKREP) project.||||23,528||
|Other Agency Costs||||3,129|3,710|
|Counselling
Extension Response Project (CERP II)||||36,807||
|Youth Economic Empowerment
Project (YEEP)||||131,847||
|||||~455669|365,684|
|7.|SUPPORT|COSTS||||
|---|---|---|---|---|---|
||||||Premises|
||||Management|Finance|Costs|
|||||5||
||Charitable|Activity|49,210|J4,975)|16,874|
||||Other|Governance||
||||Overheads|costs|Totals|
||Charitable|Activity|3,337|~4800|69246|
##
##
##
|||31.12.21|31.12.20|
|---|---|---|---|
|Auditors'|remuneration|4,800|4,800|
|Depreciation - owned assets||4,636|1,647|
##
##
##
|||31.12.21|31.12.20|
|---|---|---|---|
|Wages|and salaries|74,633|69,414|
|Social|security costs|5,131|4,795|
|||79,764|74,209|
|The averag|e|monthly
number ofemployees
during the|year was as follows:||
|---|---|---|---|---|
||||31.12.21|31.12.20|
|Charitable|Activities||7|7|
|Management||and Administration|1|1|
##
##
||NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31DECEMBER2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31DECEMBER2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31DECEMBER2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31DECEMBER2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31DECEMBER2021|
|---|---|---|---|---|---|
|11.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES 31.12.2020|||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||INCOME AND ENDOWMENTS FROM|||||
||Donations||50,556|66,011|116,567|
||Charitable
activities|||||
||Charitable
Activity||40,000|415,371|455,371|
||Other Incoming Resources||758|3,512|4,270|
||Total||91,314|484,894|576,208|
||EXPENDITURE ON|||||
||Charitable
activities|||||
||Charitable
Activity||61 361|468 584|529 945|
||NET INCOME||29,953|16,310|46,263|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|48,653|16,465|65,118|
||TOTAL FUNDS CARRIED|||||
||FORWARD||78,606|32,775|111,381|
##
##
##
||FORTHE YEAR|ENDED 31DEC|EMBER20|21||
|---|---|---|---|---|---|
|13.|TANGIBLE FIXEDASSETS|||||
|||Leasehold|Plant and|Motor||
|||Land|machinery|vehicles|Totals|
|||||6||
||COST|||||
||At 1 January 2021|14,781|47,147|9,064|70,992|
||Additions
Exchange differences|~685)|17,360
202|3,420
~226)|20,'780
~709)|
||At 31December 2021|14,096|64,709|~12 258|91,063|
||DEPRECIATION|||||
||At 1 January 2021|963|44,077|1,139|46,179|
||Charge for year||~1956|2,680|4,636|
||At 31December 2021|963|46,033|3,819|50,815|
||NET BOOKVALUE|||||
||At 31December 2021|13,133|18,676|8,439|40,248|
||At 31December 2020|13,818|3,070|7,925|24,813|
|14.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE||YEAR|||
|||||31.12.21|31.12.20|
|||||8||
||Trade debtors|||7,786|7,977|
||Other debtors|||6,596|53,061|
|||||14482|61,038|
##
##
##
##
|15.|CREDITORS||: AMOUNTS FALL|ING DUE WITHIN ON|E YEAR|||
|---|---|---|---|---|---|---|---|
|||||||31.12.21|31.12.20|
||Social security||and other taxes|||3733|3,271|
||Other creditors|||||22,670|20,271|
|||||||26,403|23,542|
|16.|ANALYSIS OFNET ASSETSBETWEEN FUNDS|||||||
|||||||31.12.21|31.12.20|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds
f|funds|
||Fixed assets|||40,248||40,248|24,813|
||Current assets|||72491|153,428|2259819|110,110|
||Current liabilities|||/26,403)||~26,403)|~23 542|
|||||86,236|153,428|239,664|111,381|
|I'?.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
||||||At I/I/21|in funds|31/12/21|
||Unrestricted|funds||||||
||General fund||||78,606|7,630|86,236|
||Restricted funds|||||||
||Restricted Funds||||32,775|120,653|153,428|
||TOTAL FUNDS||||~111 81|~128283|239,664|
||Net movement||in funds, included in|the above are as follows:||||
||||||incoming|Resources|Movement|
||||||resources|expended
I|in funds|
||Unrestricted|funds||||||
||General fund||||64,254|(56,624)|7,630|
||Restricted funds|||||||
||Restricted Funds||||675,880|(555,227)|120,653|
||TOTAL FUNDS||||740,134|(611,851)|~128 283|
##
##
##
##
|Comparatives|for movement
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1/1/20|in funds|31/12/20|
|||K|||
|Unrestricted|funds||||
|General fund||48,653|29,953|78,606|
|Restricted funds|||||
|Restricted Funds||16,465|16,310|32,775|
|TOTAL FUNDS||65,]18|46,263|111,381|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|9],314|(61,361)|29,953|
|Restricted funds||||
|Restricted Funds|484,894|(468,584)|16,310|
|TOTALFUNDS|576,208|(529,945)|46,263|
##
##
##
|Analysis ofRestricted Reserves|||31.12.2021|31.12.2020|
|---|---|---|---|---|
|UK Foreign, Commonwealth
and Development||Office|||
|(Empowering
Vulnerable
Genocide Widows in|||||
|Western
Rwanda to alleviate Extreme Poverty|||||
|(EVWEP) project||||32,775|
|Youth Economic Empowerment|Project (YEEP)||71,638||
|Counseliing
Extension Response|Project (CERP li)||43,084||
|Foundation
Rwanda|||38,706||
||||153425|32775|
##
##
##
##
##
||FORTHK YEARENDED 3|1DECEMBER2021||
|---|---|---|---|
|||31.12.21|31.12.20|
|INCOME ANII|ENDOWiiENTS|||
|Donations||||
|Donations||61,447|100,921|
|Gift aid||7,'I86|7,977|
|Donated services|and facilities|3.337|7,669|
|||72,570|116,567|
|Other Incoming|Resources|||
|Agency Income||3,491|3,512|
|Interest income||180|758|
|||3,671|4,270|
|Charitable
activities||||
|Grants||~663893|455,371|
|Total incoming|resources|740,134|576,208|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||74,633|69,414|
|Social security||5,131|4,795|
|Networking
and|Advocacy|594|1,765|
|Internet
Expenses||1,864|2,451|
|Provision for Severance Pay|||(432)|
|Depreciation oftangible fixed assets||4,714|2,372|
|Project Costs||455,669|~365 684|
|||542,605|446,049|
|Nupport
costs||||
|Management||||
|Training
and Welfare||15,895|13,593|
|Travel and Subsistence||7,715|5,972|
|Consuitancy
Services||25,600|20,000|
|||49,210|39,565|
|Finance||||
|Foreign Exchange Difference||5682|11027|
|Cruried forward||(5,68 )|11,027|
##
##
||31.12.21|31.12.20|
|---|---|---|
|Finance|||
|Brought forward|(5,682)|11,027|
|Bank charges|707|791|
||(4,975)|11,818|
|Human
resources|||
|Consultancy
Costs||6,049|
|Premises Costs|||
|Rent|8,953|6,832|
|Light and Heat|866|859|
|Telephone|1,977|2,461|
|Postage and stationery
Cleaning|3,167
~1911|834
3009|
||16,874|13,995|
|Other Overheads|||
|Advertising|3,337|7,669|
|Governance
costs|||
|Auditors'
remuneration|4,800|4,800|
|Total resources expended|611,$51|529,945|
|Net income|128483|46,263|