2020-12-31-accounts - Cord Global

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Chief Executive:	Chief Executive:				Andy Pask
Company	Secretary				Kaha Richardson
Charity registrahon		number:			1070684
Campany	registrahon		number.		03566119
Address of	the chanty's		registered	office:	Enterpnse	House	LG71.Foleshill Enterprise	Park.	Courtaulds	Way, CV6 5 NX
Name and	address	to	the bank:		Barclays Bank PLC. 50The Parade. Leamington				Spa. CV32	4DD

							Unrestricted	Restricted	Total Funds	~fatal F n
						Note	Funds	Funds	2020	~2
INCOME
Donations and legacies						2	293,852	44.130	337,982	248.501
Fundraising trading	income						1,497	0	1,497	3,077
Investment income						3	160	846	1.006	924
							295.509	44,976	340,485	252.502
Incoming resources	from	«heritable		actlvgles
Grants for operahng	achvifies						0	1.010.942	1.010.942	1,436.799
Other incoming resources							42	15.230	15.272	54,285
TOTAL INCOME							295,551	1,071,148	1,366,699	1,743,586
EXPENDITURE
Cods ot raising funds
Fundraising arid publiaty		costs					101,486	0	101,486	60.820
Fundraisng trading: Cost of			goods	sold			900	0	900	I 001
Total cost ofraising funds						6	102.386	0	102,386	61,821
Expenditure an charitable		activities				6	97,140	1,479,421	1,576,561	1,404,218
TOTAL EXPENDITURE							199,526	1,479,421	IN78.947	1,466,039
NET INCOMING / (OUTGOING)			RESOURCES				96,025	(408,273)	(312,248)	277,547
OTHER RECOGNISED	GAINS/(LOSSES)
Gain/lloss) on exchange		rate difference					19.009	0	19.009	(43,940)
Transfer between	funds						(6.335i	6,335	0	0
NET MOVEMENT IN FUNDS							108.699	)401,938)	(293.239)	233,o07
Balances brought	forward at I January				2020		685.939	656,126	1,342.065	1.108,458
BALANCES CARRIED	FORWARD		AT				794,638	254,188	1,0482!26	1,342,065
31 DECEMBER2020

							Unrestricted	Resemcf I	~stol F n
						Note	Funds	Funds	2019
							5	5	5
INCOME
Oonofions ond legacies						2	248,241	260	248,501
Fundraising trading	income						3,077	0	3,077
Investment income						3	272	652	924
							251.590	912	252.502
Incoming resources	from	chadable			activities
Grants foroperating	activihes						0	1436,799	t.436,799
Other incoming resources						5	38,622	15.663	54.285
TOTAL INCOME							290.212	1,453,374	1,743,586
EXPENDITURE
Costs ofralslng funds
Fundraising and publ oily cosls							60,820	0	60,820
Fundraising trading: Cost of			goods		sold		1,001	0	I Opt
Total cost ofraising funds						6	61.821	0	61,821
Expenditure on charitoble		activities				6	100,793	1,303.425	1,404,218
TOTAl EXPENDITURE							162.614	1.303425	1,466,039
NET INCOMING / (OUTGOING)			RESOURCES				127598	149,949	277547
OTHER RECOGNISED	GAINS/(LOSS ESJ
Gain/(lossl on exchange		raie		difference			(43,940)	0	(43.940)
Transfer between	funds						961	(96 Ii	0
NET MOVEMENT IN FUNDS							84,619	148.988	233,607
Balances brought	forward at			I Januory 2019			601,320	507,138	1.108,458
BALANCES CARRIED	FORWARD		AT				685,939	656i26	1.342.065
31 DECEMBER 2019

					2020	2IIQ	2019	~219
FIXED ASSETS
Tangible Fixed Assets						28,529		35,751
CURRENT ASSETS
Debtors					187.815		158.883
Cash at bonk and in hand					927,582		1.208.437
					1.115.397		1.367.320
CREDITORS:
Amounts falling due vrithin one year				9	(95.100)		)61,006)
NET CURRENT ASSETS						1.020,297		1,306.314
TOTAL NET ASSETS						1,048,826		1,342,068
FUNDS
Unrestdicted Funds				12
GENERAL FUND						557.719		553.130
Designated Funds:
Currency Risk Management			Fund			40.000		25,000
Designated	Fixed Assets Fund					5.600		6.896
Mini Pilot Projects						50.000		0
Programme	Fulhlment	Fund				141,319		100,913
						794.638		685,939
Resklcted Funds
Restricted	Income Funds					231.259		627,271
Restricted	Fixed Assets Fund					22,929		28.855
Total Resldcted Funds						254,188		656.126
TOTALFUNDS						1,048,826		1,342,065

					2020	2019
						9,
Cash provided lsy operating activiTies					(292,210)	336,305
Cash Rows from invesRng activities
Purchase oftangible	fixed assets				(8,660)	(40.049)
Interest received					1.006	924
Cash used In invesRng	actlvRles				(7,654)	(39.1 25)
Change in cash and	cash equivalents		in the year		(299,864)	297.180
Cash and cash equivolents at the beginning of the year					1.208.437	955,197
Change in cash and	cash equivalents		due to exchange rate movement		19,009	(43,940)
Total cash and cash equivalents		at ihe	end of the year		927,582	I.208,437
ReconciRation of net	movement	in funds to net cash flow from operating		activities
					20rra	2019
Net movement in funds					(293,239)	233,607
Adjustment tar
Interest received					(1.006)	(924)
Depreciation charge					15,882	9,426
(increase) /decrease	in debtors				(28.932)	11,457
Increase/(decrease)	in creditors				34.094	38.799
Unrealised (gains) /losses on foreign cunency					(19,009)	43,940
Nei cash provided by operating		activities			(292.210)	336,305
Analysis afcash and	cash equivalents
Cash in hand					927.582	1,208.437

2.	DONATION AND LEGACY INCOME	DONATION AND LEGACY INCOME	DONATION AND LEGACY INCOME		Unreshicted	Reshtcted	Total Funds	Totalfunds
					Funds	Funds	2020	2019
	Individuals				244,150	130	244,200	189,958
	Churches				13,429	0	13.429	18.297
	Other groups				659	0	659	3.792
	Trusts				6.500	44.000	50.500	24.830
	Legapcs				29,114	0	29,114	11,624
	TOTAL DONATION AND	LEGACY INCOME			293,852	44,130	337,982	248,501
3.	INVESTMENT INCOME				Unreshicted	Restricte	Talal Funds	Totalfunds
					Funds	Funds	2020	2019
	Bank and building soaefy deposit interest				160	846	1.006	924
4.	GRANT INCOME				Unreshtcted	Restricted	TotalFunds	Total Funds
					Funds	Funds	2020	2019
	European Union					478779	476,779	307.572
	UK Foreign B.Commonwealth		Oflice			11,247	11,247	168,699
	French Ministry of Europe B.Foreign Affoirs					0	0	9.036
	Belgium Ministry of Foreign Affairs					0	0	135,797
	Dutch Ministry of Foreign Affairs					232.077	232,077	594.726
	VEV					0	0	25,052
	Peoce Nexus foundation					8.137	8.137	11.510
	Shoelone					0	0	30.000
	Deutsche Gesehschaft	fgr Intemationale		lusammenarbei		205.542	205,542	93,267
	US 5tate Dept ofDemocracy		- Rights &Labor			12,787	12,787	0
	Other					64,373	64,373	61,140
	TOTAL GRANT INCOME				0	1,010,942	1,010,942	1,436,799

		NOTES TO THE ACCOUNTS	(CONT'D)	(CONT'D)
		YEAR ENDED 31 DECEMBER		2020
4.	GRANT INCOME (CONT'D)	unrestricted		Restricted	Total Funds	TotalFunds
	Analysis of grants received	Funds		Funds	2020	2019
	Livelihoods S.economic infrastructure		0	174,058	174.058	581.842
	Democratisafion		0	49,538	49.538	89.381
	Good governance		0	369,237	369.237	381.840
	Human Rights		0	360.090	360.090	226,047
	Reconaliation 8, Justice		0	58.019	58.019	157,689
			0	1,010,942	1,010,942	1,436,799

TOTAL RESOURCES EXPENDED	TOTAL RESOURCES EXPENDED	Direct	Gra nls	Support	Total	Total
		Costs	Payable	Cosh	2020	2019
			F.
Fundraising
Fundraising and puhliaty	costs			101,486	101,486	60,820
Fundroising trading: Cost	ofgoods sold			900	900	1,001
Subtotal Fundralslng		0	0	102.386	102,386	61,821
Direct Charitable Activily
livelihoods 5economic infrastructure		120.578	125.462	51.971	298,011	324,366
Democratisation		53.773	50,550	22.036	126,359	215.025
Good governance		332.515	151,651	102.760	586.926	574.826
Human Rights		188,732	164,523	74.618	427.873	I71,003
Reconaliation 5, Justice		49.962	63.470	23,960	137.392	118.998
Subtotal Direct Chadita hie Achvity		745,559	555.65d	275,345	1,576,561	1,404,218
Total expenditure		745,560	555.d5d	377,731	1,678,947	1,466,039


Suppat Cosls allocated as toUows:	2020	2019
	5,
Leadership	71.428	63,642
Programmes	85.076	65,746
Operations	118,842	137,172
Fundraising	102.385	61.821
	377,731	328,381

TOTAL RESOURCES EXPENDED	(CONI'D)
			2020	2019
NET INCOMING/(EXPENDITURE)	FOR THE YEAR		f
This Isstated atter charging
Operating leoses - land and	buildings	I	9,800	30.945
Operating leases —equipment			384	384
Audit fees			5.100	5,100
Depreaation		15.882		9.426

STAFFING						UK StaR	Inl StaR	2020	2019
								E
Salanes and wages						214.023	359.524	573.547	495,241
UK.redundancy payment						18.017	0	18,017	0
Employers	national	insurance				17,516	0	17.516	15,286
Employers	UK pension		contribution			12.357	0	12,357	10,288
						261,913	359.524	621.437	520,815
The average number			ofemployees	(luB time equivalents)	was 2			2020	2019
UK Fundraising Staff
UK StaU									5
Overseas	Expatnate		Siaf1						3
Overseas	National	staff						19	19
								30	28

			YEAR ENDED 31 DECEMBER 2020
7.	FIXED ASSETS - TANGIBLE		Equipment		Motor'	Total
					Vehicles
	COST
	At I Januory2020			80.787	81.322	162,109
	Additions			8.660	0	8,660
	Disposals			126.948)	0	(26,948)
	At 31 December 2020			62.499	81,322	I43,821
	ACCUMULATED DEPRECIATION
	At I Januory 2020			72,751	53,607	126.358
	Charge for period			4,749	11.133	15,882
	Disposals			(26,948)	0	(26,948)
	Af 31December2020			50.552	64.740	115,292
	NET BOOK VALUE
	At 31 December 2020			11,947	16,582	28,529
	NET BOOK VALUE
	At 31 December 2019			8.036	27,715	35.751
	Depreciation Rates		20/	~33/	25/ -339'
8.	DEBTORS				2020		2019
	Grant 11NGO grant debtors				136,520		I 22,333
	Other debtors				15,710		13.826
	Prepayments 8 accrued income				35,585		22.724
	Total Debtors				187.815		158,883
9.	CREDITORS - amounts	faglng due wRhln one year			2020		2019
	NGO grant creditors				38.590		25.901
	General creditors				51,064		29449
	UKtaxes 8,sooal security				5,446		5,656
	Total Creditors				95,100		61,006

					YEAR ENDED	YEAR ENDED	31 DECEMBER 2020
10.	OPERATING		LEASE COMMITMENTS
	Minimum	lease payments		under	non-canceRable	operahng	leases fall due as follows
								2020	2019
	Expinng:
	Within one		year					I2.048	31,329
	Between	two and five yean						840	19.317
								12,888	50,646

11.RESTRICTED FUND MOVEMENTS	11.RESTRICTED FUND MOVEMENTS	Balance at		Movemerris in	Resources		Balance at
		I Jan 20	Gronts	Other income	Expended	Transfer	31 Dec 20
Livelihoods &Economic		258,060	I74.058	14.520	(305,320)	0	141,318
Oemocrahsation		48,734	51.196	5,211	(106,777)		l1,647)
Good Governance		153.(93	374.209	15,634	(552, 155)	5,878	(2,741)
Human Rights		80.764	353.460	20.000	(407.470)	468	47.222
Reconaliation	&Justice	86,020	58.019	4,841	(101,773)	0	47,107
Total Restricted	Grant Funds	627,271	1,010,942	60,206	(1.473,495)	6.335	231,259
Restricted fixed	assets	28,855	0	0	(5,926)	0	22,929
Total		656,126	1,010,942	60,206	(1,479.421)	6,335	254,188

			Bofance al		Movements in	Resources		Botonce af
			I Jan 19	Gronh	Other Income	Expended	Transfer	31 Dec 19
				6		6
Restricted	funds		502.010	1.436,799	t6,575	(t,327, 152)	(961)	627,271
Restricted	fixed	ossels	5.128	0	0	23,727	0	28.855
total			507,138	1,436,799	16575	(1.303.425)	(96I)	656.126

12.	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS					Balance at	Movements	Movements	in Resources		Balance at
							I Jan 20	Incoming	Expended		Transfer	31 Dec 20
	Unrestricted	Funds
	General funds						553,130	295.551		(198,2301	(92,732)	557.719
	Designated	Funds
	Cunency Exchange		Risk	Management			25,000	19,009		0	(4,009)	40.000
	Mini Pilot Projects						0		0	0	50.000	50,000
	Designated	Fixed Assets		Fund			6,896		0	(1.296)	0	5.600
	Programme	Fulfilment	Fund				100,913		0	0	40.406	141.319
	Total						685,939	314,560		(199,526)	(6,335)	794,638
							Balance at	Movements		in Resources		Balonce at
							i Jan 19	Incoming	Expended		Transfer	31Dec 19
	General unrestricted		tunds				550,690	290212		(169510i	(118,762(	553,130
	Designated	tunds					50.630	0		(37.044(	119,223	132,809
	Total						II01,320	290.212		(206.554)	961	685.939
13.	ANALYSIS OF NET ASSETS			BETWEEN	FUNDS					Tangible	Current	Total
										Assets	Assets	Assets
	Restricted	Funds									5
	Restncted	Grants								0	219,578	219.578
	Other Restncted income									0	11,681	11.681
	Restricted	Fixed Assets used in projects								22.929	0	22,929
	Total									22,929	231,259	254,188
	Unrestricted	Funds
	General Funds - undesignated									0	557,719	557,719
	Designated	Cunency	Risk Management			Fund				0	40.000	40.000
	Designated	Fixed Assets		Fund						5,600	0	5.600
	Designated	Mini Pilot Proiects								0	50.000	50.000
	Designated	Programme		Fulfilment	Fund					0	141.319	141,319
	Total									5,600	789,038	794,638
	Overall Funds									28,529	1,020,297	1,048,826