| Financial review |
||||||||
|---|---|---|---|---|---|---|---|---|
| Income and endowments are received |
from a variety | ofsources, namely: | ||||||
| 2021 | 2020 | |||||||
| Income and endowments from: |
F | |||||||
| Donations and legacies |
||||||||
| Giff aid and covenants | 76,949 | 112,169 | ||||||
| Tax reclaimable | 17,710 | 23,429 | ||||||
| Grants from trusts | 125,710 | 93,727 | ||||||
| Other donations | 35,711 | 44,152 | ||||||
| Total donations and legacies |
256,080 | 273,477 | ||||||
| Other trading activities |
11,561 | 9,408 | ||||||
| Investment income |
6 | 24 | ||||||
| Total incoming resources | 267,647 | 282,909 | ||||||
| Since its foundation in 1998,Cecily's Fund has remitted E6.5 million |
to its partners | in Zambia. | ||||||
| Total expenditure in the year was f275,363(2020 -E256,687) resulting |
in a deficit in the year ofE7,716 | |||||||
| (2020 —a surplus ofE26,222). | ||||||||
| Funds at 31 December 2021 totalled | f126,063 (f61,765 | restricted) | compared | to f133,779 (F86,201 | ||||
| restricted) at 31 December 2020. | ||||||||
| Direct transfers (before the charity's costs) to the charity's |
partner organisations | in | Zambia totalled | |||||
| f128,868during the year (2020 -f107,788) as follows: | ||||||||
| Direct transfers | 2021 | 2020 | ||||||
| R | ||||||||
| BISO primary and secondary education, |
emergency | food | ||||||
| packages and peer health education, | Lusaka | 30,764 | 36,577 | |||||
| CHEP peer health education, education |
support, | |||||||
| entrepreneurship training and MHM |
95,599 | 55,363 | ||||||
| Jennifer Memorial Special Community | School inclusion of | |||||||
| hearing-impaired children and MHM |
2,505 | 15,848 | ||||||
| Total direct transfers | 128,868 | 107,788 |
| r the yea | r end | ed 31 | December | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | |||||
| income | income | Total | income | income | Total | |||
| funds | funds | funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
| Notes | f | |||||||
| Income and | ||||||||
| endowments | from: | |||||||
| Donations and | ||||||||
| legacies | ||||||||
| Gift aid and | ||||||||
| covenants | 76,949 | 76,949 | 112,169 | 112,169 | ||||
| Tax reclaimable | 17,710 | 17,710 | 23,429 | 23,429 | ||||
| Grants from trusts | 20,100 | 105,610 | 125,710 | 44,239 | 49,488 | 93,727 | ||
| Other donations | 35,711 | 35,711 | 44,152 | 44,152 | ||||
| Total donations | and | |||||||
| legacies | 150,470 | 105,610 | 256,080 | 223,989 | 49,488 | 273,477 | ||
| Other trading | ||||||||
| activities | 11,561 | 11,561 | 9,408 | 9,408 | ||||
| Investment income |
6 | 6 | 24 | 24 | ||||
| Total income | and | |||||||
| endowments | 162 037 | 105610 | 267 647 | 233421 | 49488 | 282,909 | ||
| Expenditure on: |
||||||||
| Raising funds | 5 | 62,153 | 62,153 | 58,182 | 58,182 | |||
| Charitable activities |
4 | 83,164 | 130,046 | 213210 | 169,097 | 29,408 | 198,505 | |
| Total expenditure | 145317 | 130046 | 275363 | 2272?9 | 29408 | 256687 | ||
| Net income I | ||||||||
| (expenditure) | 16720 | -24436 | -7?16 | 6142 | 20080 | 26222 | ||
| Reconciliation | of | |||||||
| funds: | ||||||||
| Total funds brought | ||||||||
| forward | 47,578 | 86,201 | 133779 | 41,436 | 66,121 | 107557 | ||
| Total fund carried | ||||||||
| Forward | 64298 | 61765 | 126 063 | 47578 | 86 201 | 133779 |
| t 31 | December 2 | 021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| income funds | income funds | funds | Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Notes | R | ||||||
| Current | assets | ||||||
| Debtors and prepayments | 19,563 | 19,563 | 39,260 | ||||
| Cash at bank and in hand | 81,755 | 61,765 | 143,520 | 104,129 | |||
| 101,318 | 61,765 | 163,083 | 143,389 | ||||
| Current | liabilities | ||||||
| Creditors: amounts within one year |
falling due | 37020 | 37020 | 9,610 | |||
| Net current assets | 64,298 | 61,765 | 126,063 | 133,779 | |||
| Total assets less current liabilities | 64,298 | 61,765 | 126063 | 133779 | |||
| Total funds carried forward | 64298 | 61765 | 126063 | 133779 |
| For the year end | ed 31December 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | |||||
| Cash flow from operating | activities | ||||
| Net income /(expenditure) | for year | (7,716) | 26,222 | ||
| Interest receivable | (6) | (24) | |||
| (Increase) / decrease in debtors |
19,697 | (9,038) | |||
| Increase / (decrease) in creditors |
27,410 | (212) | |||
| Cash flow from operating | activities | 39,385 | 16,948 | ||
| Interest received | 24 | ||||
| Net increase I(decrease) | in cash and cash equivalents | 39,391 | 16,972 | ||
| Cash and cash equivalents | at 1January | 104 129 | 87 157 | ||
| Cash and cash equivalents | at 31December | 143520 | 104129 |
| ese costs allocated | to the relevant pro |
gra | mme | or activity | are as follows: | |
|---|---|---|---|---|---|---|
| Personnel costs | Support costs | |||||
| {note6) | {note5) | |||||
| Location | Programme or activity |
Director | Other staff | |||
| BISO | Primary &secondary |
15% | 8% | 20% | ||
| education, emergency |
food | |||||
| packs and peer health | ||||||
| education, Lusaka |
||||||
| CHEP | Peer health education, | 20% | 140/ | 20% | ||
| education support, |
||||||
| entrepreneurial training |
and | |||||
| emergency food packs |
||||||
| RESPECT —CHEP | Trainings in financial |
literacy | 15% | 20% | ||
| and Jennifer Memorial | and set up of businesses | to | ||||
| Special Community | manufacture and sell Governance |
re- | ||||
| School | usable menstrual hygiene |
|||||
| pads | ||||||
| UK | Costs ofgenerating | 30% | 20% | |||
| voluntary income |
||||||
| UK | 20% | 16% | 20% |
| Note 2: | Other trading activit | ies | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2021 | 2021 | 2021 | 2020 | ||
| E | |||||
| Sale ofbooks, cards, other products | 3,693 | 3,693 | 177 | ||
| Fundraising | events | 7,868 | 7,868 | 9,231 | |
| Total | 11,561 | 11,561 | 9,408 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | ||||
| Bank | and | other | interest | 24 |
| Grant | Support | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| funding | costs | |||||||
| 2021 | 2021 | 2021 | 2020 | |||||
| BISO | Primary and | 30,764 | 16,620 | 36,156 | 11,228 | 47,384 | 55,663 | |
| secondary | ||||||||
| education, | ||||||||
| feeding | ||||||||
| programme | and | |||||||
| peer health | ||||||||
| education, | ||||||||
| Lusaka | ||||||||
| CHEP | Peer health | 95,599 | 29,711 | 8,997 | 116,313 | 125,310 | 99,170 | |
| education, | ||||||||
| education | ||||||||
| support, | ||||||||
| entrepreneurship | ||||||||
| training and |
||||||||
| MHM | ||||||||
| JMSCS | MHM | 2,505 | 7,033 | 7,033 | 2,505 | 9,538 | 11,941 | |
| Governance | 30,978 | 30,978 | 30,978 | 31,731 | ||||
| Costs | ||||||||
| Total | 128,868 | 84,342 | 83,164 | 130,046 | 213,210 | 198,505 |
| ) Support co | sts comprise: | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Personnel costs | 115,095 | 107,712 | |||||
| Less allocated to:Charitable activities Governance |
(44,277) | (45,518) | |||||
| (19,887) | (17,662) | ||||||
| Costs ofgenerating | voluntary | income | (50,931) | (43,483) | |||
| (115,095) | (106,663) | ||||||
| 1,049 | |||||||
| Oflice rental and | service charges | 2,994 | 5,275 | ||||
| Office materials | and equipment | 11,891 | 11,420 | ||||
| Bank charges: account administration | 3,130 | 2,825 | |||||
| Exchange rate losses | 58 | ||||||
| Telephone and Internet |
1,140 | 1,704 | |||||
| Travel costs not | allocated to specific activities | 212 | 254 | ||||
| Other oflice costs | 3,233 | 7,115 | |||||
| Total | 22,600 | 29,700 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | ||
| Personnel costs | 19,888 | 19,888 | 17,662 | ||
| Audit fees | 4,820 | 4,820 | 4,194 | ||
| Other professional | costs | 1,463 | |||
| Allocated support | costs | 6,270 | 6,270 | 8,412 | |
| Total | 30,978 | 30,978 | 31,731 |
| Raising funds: | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2021 | 2021 | 2021 | 2020 | ||
| F | |||||
| Personnel costs | 50,931 | 50,931 | 43,482 | ||
| Printing, postage, 8 publicity | material | 3,130 | 3,130 | 2,368 | |
| Allocated support costs | 7,950 | 7,950 | 11,777 | ||
| Tshirts and other costs | 142 | 142 | 555 | ||
| Total | 62,153 | 62,153 | 58,182 |
| ersonn | el | costs comprise: | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Salaries | 106,710 | 84,739 | |||
| National | Insurance | 4,333 | 2,758 | ||
| Pension | costs | 1,999 | 1,902 | ||
| Total payroll | costs | 113,042 | 89,399 | ||
| Consultancy | costs | 1,754 | 17,263 | ||
| Training | and | travel expenses not allocated to programmes | and specNc activities | 299 | 1,050 |
| Total | 115,095 | 107,712 |
| ebtors and prepayments compris |
e: | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| As at 31 December | 2021 | 2021 | 2021 | 2020 |
| Prepayments | 3,410 | 3,410 | ||
| Donations receivable |
8,828 | 8,828 | 34,560 | |
| Other debtors | 7,325 | 7,325 | 4,700 | |
| Total | 19,563 | 19,563 | 39,260 |
| ash at bank and in hand compri | ses: | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| As at 31 December | 2021 | 2021 | 2021 | 2020 |
| Current account | 81,164 | 61,765 | 142,929 | 103,803 |
| PayPal and credit card | 152 | 152 | 49 | |
| Petty cash | 439 | 439 | 277 | |
| Total | 81,755 | 61,765 | 143,520 | 104,129 |
| reditors comprise: | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| As at 31 December | 2021 | 2021 | 2021 | 2020 |
| Professional fees | 4,956 | 4,956 | 4,440 | |
| PAYE and Nl payable | 2,643 | 2,643 | 3,483 | |
| Deferred income | 29,601 | 29,601 | ||
| Other creditors and accruals | -180 | -180 | 1,687 | |
| Total | 37,020 | 37,020 | 9,610 |
| he charity's total lease commitments relate |
to its office premises and are as f |
ollows: |
|---|---|---|
| Land | and Buildings | |
| 2020 | ||
| Less than 1year | 2,512 | |
| 2-5years | ||
| Total | 2,512 |
| he balance | o | ffunds at the year - end | arises as follows: | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Balance brought | forward | 47,578 | 86,201 | 133,779 | 107,557 | |
| Net movement | in funds forthe period | 16,720 | -24,436 | -7,716 | 26,222 | |
| Balance carried | forward | 64,298 | 61,765 | 126,063 | 133,779 | |
| Restricted funds | comprise: | |||||
| As at31 December | 2021 | 2020 | ||||
| RESPECT | 27,480 | 35,350 | ||||
| PHE Lusaka | 33,290 | 37,435 | ||||
| Education Support |
995 | 13,416 | ||||
| Total | 61,765 | 86,201 |
| he moveme | nts | on funds during | the years are as follows: | |||
|---|---|---|---|---|---|---|
| Opening | Income | (Expenditure) | Closing | |||
| balance 2021 | balance 2021 | |||||
| Unrestricted | 2021 | |||||
| Total unrestricted | funds | 47,578 | 162,037 | (145,317) | 64,298 | |
| Restricted 2021 | ||||||
| RESPECT | 35,350 | 42,232 | (50,102) | 27,480 | ||
| PHE Lusaka | 37,435 | 14,500 | (18,647) | 33,288 | ||
| Education Support | 13,416 | 48,878 | (61,297) | 997 | ||
| Total restricted | funds | 86,201 | 105,610 | (130,046) | 61,765 |
| Opening | Income | (Expenditure) | Closing | ||
|---|---|---|---|---|---|
| balance 2020 | balance 2020 | ||||
| Unrestricted 2020 |
|||||
| Total unrestricted funds |
41,436 | 233,421 | (227,279) | 47,578 | |
| Restricted 2020 | |||||
| RESPECT | 31,656 | 24,160 | (20,466) | 35,350 | |
| PHE Lusaka | 26,775 | 15,500 | (4,840) | 37,435 | |
| GROW savings groups Chingola | 7,690 | 9,828 | (4,102) | 13,416 | |
| Total restricted funds |
66,121 | 49,488 | (29,408) | 86,201 | |
| Note 13:Analysis | of net assets between funds | ||||
| Unrestricted | Restricted | ||||
| Current assets | funds 2021 | funds 2021 | Total 2021 | ||
| Debtors and prepayments Cash at bank and in hand |
19,563 81,755 |
61 765 | 19,563 143,520 |
||
| 101,318 | 61,765 | 163,083 | |||
| Current liabilities | |||||
| Creditors: amounts within one year |
falling due | 37,020 | 37,020 | ||
| Net current assets 31December 2021 | 64,298 | 61,765 | 126,063 | ||
| Total net assets 31December 2021 | 64,298 | 61765 | 126063 | ||
| Unrestricted | Restricted | ||||
| Current assets | funds 2020 | funds 2020 | Total 2020 | ||
| Debtors and prepayments Cash at bank and in hand |
39,260 17,928 |
86201 | 39,260 104,129 |
||
| 57,188 | 86,201 | 143,389 | |||
| Current liabilities |
|||||
| Creditors: amounts within one year |
falling due | 9610 | 9,610 | ||
| Net current assets 31December 2020 | 47,578 | 86,201 | 133,779 | ||
| Total net assets 31December 2020 | 47,578 | 86201 | 133,779 |