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|Financial<br>review|||||||||
|---|---|---|---|---|---|---|---|---|
|Income and endowments<br>are received|from a variety||ofsources, namely:||||||
|||||||2021||2020|
|Income and endowments<br>from:||||||||F|
|Donations<br>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<br>and legacies|||||256,080|||273,477|
|Other trading<br>activities||||||11,561||9,408|
|Investment<br>income||||||6||24|
|Total incoming resources|||||267,647|||282,909|
|Since its foundation<br>in 1998,Cecily's Fund has remitted E6.5 million|||||to its partners|||in Zambia.|
|Total expenditure<br>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<br>(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<br>and secondary<br>education,||emergency|food||||||
|packages and peer health education,|Lusaka|||||30,764||36,577|
|CHEP peer health education,<br>education||support,|||||||
|entrepreneurship<br>training<br>and MHM||||||95,599||55,363|
|Jennifer Memorial Special Community||School inclusion of|||||||
|hearing-impaired<br>children<br>and MHM||||||2,505||15,848|
|Total direct transfers||||||128,868||107,788|





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|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<br>income|||6||6|24||24|
|Total income|and||||||||
|endowments|||162 037|105610|267 647|233421|49488|282,909|
|Expenditure<br>on:|||||||||
|Raising funds||5|62,153||62,153|58,182||58,182|
|Charitable<br>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|





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|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<br>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<br>in debtors||||19,697|(9,038)|
|Increase / (decrease)<br>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|





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## 

|ese costs allocated|to the relevant<br>pro|gra|mme|or activity|are as follows:||
|---|---|---|---|---|---|---|
||||||Personnel costs|Support costs|
||||||{note6)|{note5)|
|Location|Programme<br>or activity|||Director|Other staff||
|BISO|Primary<br>&secondary|||15%|8%|20%|
||education,<br>emergency|food|||||
||packs and peer health||||||
||education,<br>Lusaka||||||
|CHEP|Peer health education,|||20%|140/|20%|
||education<br>support,||||||
||entrepreneurial<br>training||and||||
||emergency<br>food packs||||||
|RESPECT —CHEP|Trainings<br>in financial|literacy||15%||20%|
|and Jennifer Memorial|and set up of businesses||to||||
|Special Community|manufacture<br>and sell <br>Governance|re-|||||
|School|usable menstrual<br>hygiene||||||
||pads||||||
|UK|Costs ofgenerating|||30%||20%|
||voluntary<br>income||||||
|UK||||20%|16%|20%|





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## 

|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<br>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<br>activities<br>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<br>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<br>compris|e:||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
|As at 31 December|2021|2021|2021|2020|
|Prepayments|3,410||3,410||
|Donations<br>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<br>total lease commitments<br>relate|to its office premises<br>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<br>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<br>2020||||||
|Total unrestricted<br>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<br>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<br>Cash at bank and in hand||19,563<br>81,755|61 765|19,563<br>143,520||
|||101,318|61,765|163,083||
|Current liabilities||||||
|Creditors: amounts<br>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<br>Cash at bank and in hand||39,260<br>17,928|86201|39,260<br>104,129||
|||57,188|86,201|143,389||
|Current<br>liabilities||||||
|Creditors: amounts<br>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||





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