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2022-12-31-accounts

FINANCIAL STATEMENTS

Company number: 3663181

The United Kingdom Committee for UNICEF

Consolidated statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 December 2022

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2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Notes £'000 £'000 £'000 £'000 £'000 £'000
Income from:
Donations and legacies 2 51,107 117,761 168,868 56,265 77,676 133,941
Charitable activities:
UK Programmes 3 2,154 - 2,154 1,908 - 1,908
Other trading activities 4 91 - 91 142 48 190
Investments 5 198 - 198 4 - 4
Other income 6 1,428 6,764 8,192 442 5,339 5,781
Total income 54,978 124,525 179,503 58,761 83,063 141,824
Expenditure
Expenditure on:
Raising funds 7 19,485 8,872 28,357 20,795 6,667 27,462
Charitable activities
Core UNICEF programmes 8 25,893 - 25,893 29,720 - 29,720
Specific UNICEF programmes 8 - 107,610 107,610 - 69,728 69,728
UK programmes & advocacy 8 5,725 1,372 7,097 5,561 1,186 6,747
31,618 108,982 140,600 35,281 70,914 106,195
Other expenditure 9 734 6,839 7,573 537 5,473 6,010
Total expenditure 51,837 124,693 176,530 56,613 83,054 139,667
Net income for the year 3,141 (168) 2,973 2,148 9 2,157
Transfers between funds 59 (59) - - - -
Net movement in funds 3,200 (227) 2,973 2,148 9 2,157
Total funds brought forward 4,812 973 5,785 2,664 964 3,628
Total funds carried forward 8,012 746 8,758 4,812 973 5,785
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All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 22 to the financial statements.

The United Kingdom Committee for UNICEF

Balance sheets

As at 31 December 2022

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Group Charity
2022 2021 2022 2021
Notes £'000 £'000 £'000 £'000
Fixed assets
Tangible assets 14 1,565 1,813 1,565 1,813
Investments 15 - - 20 20
1,565 1,813 1,585 1,833
Current assets
Debtors 17 17,770 15,460 18,116 15,639
Cash at bank and in hand 27,113 23,853 26,747 23,653
44,883 39,313 44,863 39,292
Current Liabilities
Creditors: amounts falling due within one year 18 13,965 8,816 13,965 8,816
Amounts due to UNICEF 23,130 25,897 23,130 25,896
37,095 34,713 37,095 34,712
Net current assets 7,788 4,600 7,768 4,580
Total assets less current liabilities 9,353 6,413 9,353 6,413
Creditors: amounts falling due after one year 19 595 628 595 628
Total net assets 21 8,758 5,785 8,758 5,785
Funds 22
Unrestricted funds
General funds 5,552 3,812 5,552 3,812
Designated funds 2,460 1,000 2,460 1,000
Restricted funds 746 973 746 973
Total funds 8,758 5,785 8,758 5,785
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A separate statement of financial activities for the charitable company itself has not been presented because the charitable company has taken advantage of exemptions afforded by section 408 of The Companies Act 2006. The net income of the charitable company for the year was £2,973,000 (2021: net income £2,157,000).

The notes on pages 135 to 151 form part of these financial statements.

These financial statements were approved and authorised for issue by the Trustees on 23 May 2023 and were signed on their behalf by:

Shatish Dasani Chair

Sean Carney Treasurer

132

133

The United Kingdom Committee for UNICEF

Consolidated statement of cash flows

For the year ended 31 December 2022

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2022 2021
£'000 £'000
Net income for the reporting period (as per the Statement of Financial Activities) 2,973 2,157
Adjustments for:
Interest from investments (198) (4)
Depreciation charges 324 435
Foreign exchange rate (gains)/losses (1,392) 121
(Increase)/decrease in debtors (2,310) (1,088)
Increase/(decrease) in creditors 2,349 5,059
Net cash provided by operating activities 1,746 6,680
Cash flows from investing activities
Interest from investments 198 5
Purchase of fixed assets (76) -
Net cash provided used in investing activities 122 5
Effect of foreign exchange rate fluctuations on cash and cash equivalents 1,392 (121)
Increase in cash and cash equivalents 3,260 6,564
Cash and cash equivalents at the beginning of the year 23,853 17,289
Cash and cash equivalents at the end of the year 27,113 23,853
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The United Kingdom Committee for UNICEF

Notes to the financial statements

For the year ended 31 December 2022

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements of UNICEF UK's trading subsidiary company, UNICEF UK Enterprises Limited ("UEL"), are consolidated with the accounts of UNICEF UK on a line-by-line basis.

Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charitable company's balance sheet.

The results of the joint venture company Soccer Aid Productions Limited are consolidated based on the charitable company’s share of the income, expenditure, assets and liabilities and included in UNICEF UK's consolidated accounts using the equity method of accounting.

The financial currency of the charity is pound sterling and figures in the accounts are presented to the nearest thousand.

b) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c) Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. Future forecasts and business plans have been considered in coming to this conclusion.

d) Significant estimation uncertainty and key judgments

The trustees have considered sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

The items in the accounts where these judgements and estimates have been made include:

134

135

e) Income

Income is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Legacies and bequest are recognised when the conditions of entitlement, probability and measurement are met. Entitlement is deemed to be the point of notification of a legacy or when probate has been granted.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities (Gifts in kind)

Donated services and facilities are treated as gifts in kind and are included as income (with an equivalent amount in resources expended) at the estimated value to the Charity. Income is recognised if the benefit to the Charity is reasonably quantifiable, measurable, and material, the Charity is entitled to the donation in that control over the expected economic benefit has passed and it will more than likely flow to the Charity.

Judgement has been applied in the consideration of what gifts in kind are included in the Charities accounts. Gifts in kind are accounted for where the actual expenditure incurred by a supporting organisation/partner can be measured reliably and the Charity has received the benefit. If elements of support cannot easily be quantified as they are not discrete activities but embedded within wider arrangements, full value of support is not included in the Charity’s Statement of Financial Activities

g)

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

j) Allocation of support and governance costs

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate (based on space, usage or time spent) of the amount attributable to each activity.

Raising funds 74% (2021: 71%)
UK programmes and advocacy 16% (2021: 19%)
Governance costs 10% (2021: 10%)

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Short leasehold property 10 years
Fixtures and fittings 5 years
Computer equipment 3 years

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors and provisions

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Amounts due to UNICEF are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to UNICEF for international programmes and the amount due to settle the obligation can be measured reliably.

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

p) Pensions

Charitable company operated one defined contribution pension scheme during the year. The assets of the scheme is held separately from the charitable company in independently administered funds. The charge in the Statement of Financial Activities is the amount of contributions payable to the pension scheme in respect of the accounting period.

q) Foreign currency

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the balance sheet date.

r) Volunteers

UNICEF UK benefits greatly from the involvement and enthusiastic support of its volunteers. These include our President, Vice-Presidents, Members, Ambassadors, regional fundraising groups and office-based volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not included in the accounts.

136

137

s) Investments

Investments in subsidiaries and joint ventures companies are stated at cost on the basis that no reliable estimate of market value is available.

UNICEF UK Enterprises Limited - subsidiary

UNICEF UK owns 100% of the issued ordinary share capital of UNICEF UK Enterprises Limited, a company registered in England (company number 02736690). This subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are given under Gift Aid to UNICEF UK, and there is a deed of covenant in place.

Soccer Aid Productions Limited - joint venture

The business of Soccer Aid Productions Ltd is the development, production and marketing of a series of events and activities culminating in an annual televised fundraising event called Soccer Aid for UNICEF. This event is intended to raise money for distribution under Gift Aid to UNICEF UK for use in accordance with its charitable objectives for the benefit of children worldwide. Soccer Aid Productions Ltd is incorporated in England (company number 10928864) with an issued share capital of 2 ordinary shares of £1 each. UNICEF UK owns 50% of the share capital in this joint venture.

t) Company information

The United Kingdom Committee for UNICEF is a company limited by guarantee registered in England and Wales, and a charity registered with the Charity Commission. Its registered address is 1 Westfield Avenue, Stratford, London E20 1HZ.

2 Income from donations and legacies

Income from donations and legacies
2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
£'000 £'000 £'000 £'000 £'000 £'000
Gifts (by source):
Direct marketing 35,727 25,174 60,901 39,447 15,691 55,138
Corporate partnerships 1,555 42,351 43,906 2,030 22,244 24,274
Major supporters, charitable
trusts and foundations 1,792 38,705 40,497 1,401 34,275 35,676
Fundraising initiatives and
regional fundraising 607 2,554 3,161 523 1,882 2,405
Special events 4,603 1,632 6,235 6,265 167 6,432
Other 101 30 131 26 105 131
Legacies 6,722 9 6,731 6,513 307 6,820
Government grants: -
Coronavirus Job Retention
Scheme - - - 60 - 60
Foreign, Commonwealth &
Development Office (FCDO) - 2,970 2,970 - 2,413 2,413
Jersey Overseas Aid (JOA) - 563 563 - 200 200
Guernsey Overseas Aid &
Development Commission - 10 10 - 155 155
Isle of Man International
Development Committee - 733 733 - - -
The Scottish Government - 2,685 2,685 - - -
Donated services - 345 345 - 237 237
Total income from donations and
legacies		 51,107 117,761 168,868 56,265 77,676 133,941
UK Programmes:
Fees for Baby Friendly Initiative
materials and services
Fees for Rights Respecting
Schools materials and services
Safeguarding consultancy fees
Child Rights Partners fee
2021 income has been restated in order
split in 2022. There has been no change
Income from charitable activities		 2022
2021
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£'000
£'000
£'000
£'000
£'000
£'000
1,394
-
1,394
1,145
-
1,145
509
-
509
666
-
666
-
-
-
-
-
-
251
-
251
97
-
97
to align the comparatives for direct marketing,corporate partnerships and other
in the overall level of income to 2021 perviously reported.
Total income from charitable
activities		 2,154 - 2,154 1,908 - 1,908

3 Income from charitable activities

138

139

7 Expenditure on raising funds

4 Income from other trading activities

UNICEF cards and gifts
Sales of cards and gifts
Total income from other trading
activities		 2022
2021
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£'000
£'000
£'000
£'000
£'000
£'000
91
-
91
142
48
190
91
-
91
142
48
190

2021 income has been restated in order to align the classification for 2022 income. There has been no change in the overall level of income to 2021 previously reported.

5 Income from investments

Interest on bank deposits
Total income from investments		 2022
2021
Unrestricted
Restricted
Total Unrestricted
Restricted
Total
£'000
£'000
£'000
£'000
£'000
£'000
198
-
198
4
-
4
198
-
198
4
-
4

6 Other income

Foreign exchange gains
UNICEF fundraising development
Rental Income
Total other income		 2022
2021
Unrestricted
Restricted
Total Unrestricted
Restricted
Total
£'000
£'000
£'000
£'000
£'000
£'000
1,041
-
1,041
-
-
-
-
6,764
6,764
-
5,339
5,339
387
-
387
442
-
442
1,428
6,764
8,192
442
5,339
5,781
2022 Expenditure
Direct marketing
Corporate partnerships
Major supporters, charitable trusts and
foundations
Fundraising initiatives and regional
fundraising
Special events
Legacies
UNICEF cards and gifts
Total expenditure on raising funds
2021 Expenditure
Direct marketing
Corporate partnerships
Major supporters, charitable trusts and
foundations
Fundraising initiatives and regional
fundraising
Special events
Legacies
UNICEF cards and gifts
Total expenditure on raising funds		 Staff costs
Direct costs
Support costs
Governance
costs
2022
Total
£'000
£'000
£'000
£'000
£'000
2,420
8,663
3,137
496
14,716
1,958
727
2,218
171
5,074
1,428
215
2,195
134
3,972
-
132
-
5
137
1,147
1,219
873
113
3,352
249
316
437
35
1,037
-
68
-
1
69
7,202
11,340
8,860
955
28,357
Staff costs
Direct costs
Support costs
Governance
costs
2021
Total
£'000
£'000
£'000
£'000
£'000
2,141
9,113
3,178
517
14,949
1,750
457
1,958
149
4,314
1,568
132
1,776
125
3,601
-
72
-
3
75
1,043
1,054
977
110
3,184
405
307
478
43
1,233
-
103
-
3
106
6,907
11,238
8,367
950
27,462

2021 expenditure has been restated in order to align comparatives for Direct Marketing expenditure in 2022. There has been no change in the overall level of expenditure to 2021 previously reported.

140

141

8 Expenditure on charitable activities

2022 Expenditure
Core UNICEF programmes:
Specific UNICEF programmes:
Humanitarian emergencies
Health
HIV & AIDS
Water, sanitation and hygiene
Nutrition
Education
Child protection
Social inclusion
Safe and clean environment
Gender equality
UK programmes & advocacy:
Development education and youth work
Baby Friendly Initiative
Campaign and parliamentary work
UNICEF programme engagement
Total expenditure on charitable activities		 Staff costs
Direct costs
Support costs
Governance
costs
2022
Total
£'000
£'000
£'000
£'000
£'000
-
25,893
-
-
25,893
-
69,861
-
-
69,861
-
7,602
-
-
7,602
-
755
-
-
755
-
3,684
-
-
3,684
-
21,736
-
-
21,736
-
2,218
-
-
2,218
-
3
-
-
3
-
-
-
-
-
-
1,520
-
-
1,520
-
231
-
-
231
-
107,610
-
-
107,610
1,477
279
630
83
2,469
719
261
328
46
1,354
1,186
395
596
76
2,253
614
17
357
33
1,021
3,996
952
1,911
238
7,097
3,996
134,455
1,911
238
140,600

Expenditure included in Core and Specific UNICEF programmes represents grants paid to UNICEF for international programmes.

2021 Expenditure
Core UNICEF programmes:
Specific UNICEF programmes:
Humanitarian emergencies
Health
HIV & AIDS
Water, sanitation and hygiene
Nutrition
Education
Child protection
Social inclusion
Safe and clean environment
Gender equality
UK programmes & advocacy:
Development education and youth work
Baby Friendly Initiative
Campaign and parliamentary work
UNICEF Programme Engagement
Total expenditure on charitable activities		 Staff costs
Direct costs
Support costs
Governance
costs
2021
Total
£'000
£'000
£'000
£'000
£'000
-
29,720
-
-
29,720
-
32,525
-
-
32,525
-
5,347
-
-
5,347
-
1,407
-
-
1,407
-
2,651
-
-
2,651
-
21,057
-
-
21,057
-
3,240
-
-
3,240
-
318
-
-
318
-
612
-
-
612
-
1,351
-
-
1,351
-
1,220
-
-
1,220
-
69,728
-
-
69,728
1,222
168
770
77
2,237
613
245
486
48
1,392
1,091
336
713
77
2,217
533
14
324
30
901
3,459
763
2,293
232
6,747
3,459
100,211
2,293
232
106,195

9 Other expenditure

2022 Expenditure
UNICEF fundraising development
Share of loss in joint venture
Total other expenditure
2021 Expenditure
UNICEF fundraising development
Share of loss in joint venture
Total other expenditure		 Staff costs
Direct costs
Support costs
Governance
costs
2022
Total
£'000
£'000
£'000
£'000
£'000
285
6,554
-
-
6,839
-
734
-
-
734
285
7,288
-
-
7,573
Staff costs
Direct costs
Support costs
Governance
costs
2021
Total
£'000
£'000
£'000
£'000
£'000
198
5,275
-
-
5,473
-
537
-
-
537
198
5,812
-
-
6,010

The joint venture has a non co-terminus year end with Unicef UK. The loss in the joint venture as at 31 December 2022 arises due to the timing of expenditure, with related income receipts occurring after this date, in 2023.

10 Analysis of support and governance costs

2022 Expenditure
Basis of allocation
Finance
Income and
expenditure
Information technology
Headcount
People and development
Headcount
Facilities management
Headcount
Supporter care
Staff time
Directorate
Staff time
Total support and governance costs
2021 Expenditure
Basis of allocation
Finance
Income and
expenditure
Information technology
Headcount
People and development
Headcount
Facilities management
Headcount
Supporter care
Staff time
Directorate
Staff time
Total support and governance costs
Net income for the year
This is stated after charging:
Depreciation
Operating lease rentals:
Property
Auditors' remuneration:
Audit
Other services
Foreign exchange losses/(gains)		 Core team costs
Governance
costs
2022
Total
£'000
£'000
£'000
2,208
245
2,453
2,969
330
3,299
1,414
157
1,571
1,975
219
2,194
499
55
554
1,705
189
1,894
10,770
1,195
11,965
Core team costs
Governance
costs
2021
Total
£'000
£'000
£'000
1,807
201
2,008
2,938
326
3,264
1,370
152
1,522
1,945
216
2,161
644
72
716
1,955
217
2,172
10,659
1,184
11,843
2022
2021
£'000
£'000
324
435
1,387
1,410
43
38
4
-
(1,041)
139

11 Net income for the year This is stated after charging:

2021 expenditure has been restated in order to align comparatives for Specific UNICEF Programmes split of expenditure in 2022. There has been no change in the overall level of expenditure to specific Unicef Programmes in 2021 previously reported.

142

143

12 UNICEF fundraising development programme

Expenditure on trading activities and fundraising is undertaken with the following financial support provided by UNICEF Headquarters for fundraising research & development activities.

Fundraising development programme
Legacy development
Major donor development
Other donor recruitment
Mid -level donor recruitment
Business development
Other funding
Total funding given in year
Unutilised funding to return to UNICEF
Total funding in year
Movements on UNICEF fundraising development programme funds:
At the start of the year
Funding received
Funding available
Funding utilised
Funding to return to UNICEF
At the end of the year		 2022
2021
£'000
£'000
734
692
190
251
5,800
4,308
17
22
-
88
6,763
5,339
502
-
7,265
5,339
Total
2022
Total
2021
£'000
£'000
88
222
7,265
5,339
7,353
5,561
(6,839)
(5,473)
(502)
-
12
88
13 Staff costs
The average number of employees during the year was as follows:
Fundraising
UK Programmes and Advocacy
Support teams
Total		 2022
2021
Number
Number
132
127
131
118
77
83
340
328
2021 staff numbers have been restated in order to align the comparatives with the methodology used in 2022.
Staff costs were as follows:
Salaries and wages
Redundancy and termination costs
Social security costs
Pension contributions
Total salary costs
Other staff costs
Total staff costs		 2022
2021
£'000
£'000
13,579
12,340
13
436
1,592
1,431
891
842
16,075
15,049
562
347
16,637
15,396

Other staff benefits includes an accrual for untaken annual leave outstanding at the end of the year.

Total costs (salary, benefits, social security costs and employers pension contributions) paid to key management personnel was £671,276 (2021: £680,800). The key managerial personnel of the charity are the trustees and the executive team.

Employees with emoluments (emoluments include salaries and taxable benefits, but not employer pension costs) over £60,000 were as follows:

follows:
2022 2021
Number Number
£140,001 - £150,000 1 1
£120,001 - £130,000 0 2
£110,001 - £120,000 3 0
£100,001 - £110,000 2 2
£90,001 - £100,000 3 1
£80,001 - £90,000 7 6
£70,001 - £80,000 3 3
£60,001 - £70,000 10 14

There were 29 employees in the year (2021: 29 employees) with emoluments over £60,000 who accrued retirement benefits under the charity's defined contribution schemes. The combined contributions for the year from UNICEF UK for those employees totalled £135,795 (2021: £149,985).

144

145

13 Staff costs (continued)

14 Tangible fixed assets

Executive Remuneration

The executive team's actual remuneration (gross pay and employers pension contributions) in 2022 was as follows:

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|||||||| |---|---|---|---|---|---|---| |Employer's| |Employer's|Social|2022| |Pension|Security|£| |Name|Position|Gross Pay|Contribution|costs|Total| |Anna Kettley|Deputy Executive Director, Advocacy,|113,560|6,814|15,197|135,571| |Programmes and Safeguarding| |1|Joanna Rea|Interim Deputy Executive Director for|9,583|575|1,218|11,376| |Advocacy, Programmes and| |Safeguarding| |2|Jonathan Sparkes|Executive Director|145,000|11,165|19,754|175,919| |Michael Flynn|Deputy Executive Director, Public|113,560|9,464|15,074|138,098| |Engagement| |3|Mohini Raichura-Brown|Deputy Executive Director, Partnerships|57,500|4,830|7,749|70,079| |and Philanthropy| |Steven Waugh|Chief Financial Officer|117,421|7,045|15,766|140,232|

----- End of picture text -----

1Appointed on 1st December 2022 to provide interim cover for the permanent post holder. The remuneration in the table above is for the period from 1st December to 31st December 2022.

2 Appointed on 1st January 2022

The group & charity

----- Start of picture text -----
|||||| |---|---|---|---|---| |Short| |leasehold|Fixtures and|Computer| |property|fittings|equipment|Total| |£'000|£'000|£'000|£'000| |Cost| |At the start of the year|2,213|599|481|3,293| |Additions in year|-|-|77|77| |Disposals in year|-|(17)|(1)|(18)| |At the end of the year|2,213|582|557|3,352| |Depreciation| |At the start of the year|607|454|419|1,480| |Charge for the year|184|108|32|324| |Eliminated on disposal|-|(17)|(1)|(18)| |At the end of the year|792|545|450|1,787| |Net book value| |At the end of the year|1,421|37|107|1,565| |At the start of the year|1,606|145|62|1,813|

----- End of picture text -----

All of the above assets are used for charitable purposes.

3 Appointed on 1st July 2022. The remuneration above is for the period from 1st July 2022 to 31st December 2022.

The executive team's actual remuneration (gross pay and employers pension contributions) in 2021 was as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Employer's| |Employer's|Social|2021| |Pension|Security|£| |Name|Position|Gross Pay|Contribution|costs|Total| |1|Claire Fox|Chief Operating Officer|147,773|5,465|16,711|169,949| |Michael Flynn|Deputy Executive Director Individual|107,432|9,024|13,607|130,063| |Giving| |Steven Waugh|Chief Financial Officer / Interim|129,585|7,355|16,664|153,604| |Executive Director| |2|Anna Kettley|Deputy Executive Director, Advocacy,|100,204|6,012|12,900|119,116| |Programmes and Safeguarding| |3|Gordon Glick|Deputy Executive Director, Partnerships|91,360|4,362|12,346|108,068| |and Philanthropy|

----- End of picture text -----

1 Left UNICEF UK on 31st August 2021. The remuneration for 2021 includes termination payments.

3 Left UNICEF UK 16th December 2021

Remuneration Ratio

The remuneration of the highest-paid employee in UNICEF UK was 4.1:1 (2021: 3.5:1) times the median remuneration of the workforce.

Pension and retirement benefits

The charity operated one defined contribution pension scheme during the year with Aviva. The pension cost charge for the year represents contributions payable to the scheme and amounted to £891,000 (2021: £841,820).

UNICEF UK owns the whole of the issued ordinary share capital of UNICEF UK Enterprises Limited, a company registered in England (company number 02736690).

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£'000|£'000| |20,000 £1 ordinary shares UNICEF UK Enterprises Limited at cost|20|20|

----- End of picture text -----

The subsidiary undertaking is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are gift aided to the charitable company. A summary of the results of the subsidiary is shown below:

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|||| |---|---|---| |2022|2021| |£'000|£'000| |Turnover|138|180| |Gross profit|138|180| |Administrative expenses|(30)|(58)| |Operating profit|108|122| |Profit on ordinary activities|108|122| |Gift Aid payment to parent undertaking under deed of covenant|(108)|(122)| |Net result for the financial year|-|-| |The aggregate of the assets, liabilities and funds was:| |Assets|380|235| |Liabilities|(360)|(215)| |Funds|20|20|

----- End of picture text -----

Soccer Aid Productions Limited

There were £nil outstanding contributions at the end of the financial year (2021: £nil).

Trustees

The charity trustees were not paid and did not receive any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

During the year ended 31 December 2017, UNICEF UK entered into a joint venture agreement. As a result of the agreement, UNICEF UK holds a 50% share in Soccer Aid Productions Limited (company number: 10928864) which was incorporated in August 2017. The carrying amount of the investment in Soccer Aid Productions Ltd is £1. The accounts of Soccer Aid Productions for the period ending 30 June 2022 have been filed with Companies House and included in UNICEF UK’s consolidated accounts using the equity method of accounting. Soccer Aid Productions Limited results for 2022 is a net loss of £734k which has been recognised as UNICEF UK’s share of the loss for the year ended 31 December 2022 (2021: net loss £537k).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £3,429 (2021: £1,288) incurred by 7 (2021: 6) members relating to attendance at meetings of the trustees.

146

147

21 Analysis of group net assets between funds

16 Parent charity

The United Kingdom Committee for UNICEF is the parent charity to one wholly owned trading subsidiary, UNICEF UK Enterprises Limited (see note 15). The gross and net income of the parent charity alone are as follows:

15). The gross and net income of the parent charity alone are as follows:
2022 2021
£'000 £'000
Gross income 179,365 141,644
Net income for the year 2,973 2,157

17 Debtors

Trade debtors
Other debtors
Prepayments
Accrued income
Amounts due from subsidiary undertaking
Total debtors		 2022
2021
2022
2021
£'000
£'000
£'000
£'000
576
997
576
997
2,662
1,961
2,662
1,961
5,161
367
5,161
367
9,371
12,135
9,357
12,099
-
-
360
215
17,770
15,460
18,116
15,639
Group
Charity

2021 numbers have been restated to ensure consistency with preparation of 2022 numbers.

18 Creditors: amounts falling due within one year

Trade creditors
Taxation and social security		 2022
2021
2022
2021
£'000
£'000
£'000
£'000
566
863
566
863
1,139
1,094
1,139
1,094
Group
Charity
Provisions 1,354
-
1,354
-
Other creditors
Accruals
Deferred income
Total creditors		 130
11
130
11
4,939
4,964
4,939
4,964
5,837
1,884
5,837
1,884
13,965
8,816
13,965
8,816

19 Creditors: amounts falling due after one year

2022
2021
2022
2021
£'000
£'000
£'000
£'000
Group
Charity
Provision for dilapidations 595
628
595
628
595
628
595
628

20 Deferred income

Deferred income comprises amounts received from a party in advance of contracted activity, and fees for Baby Friendly Initiative, Rights Respecting Schools and Child Friendly Communities that have been invoiced for but services not yet provided to the party.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2022
2021
2022
2021
£'000
£'000
£'000
£'000
1,884
844
1,884
844
(1,537)
(597)
(1,537)
(597)
5,489
1,637
5,489
1,637
5,836
1,884
5,836
1,884
Group
Charity
General
unrestricted
Designated
funds
Restricted
funds
Total funds
£'000
£'000
£'000
£'000
Current assets
Current liabilities
Non- current liabilities
Tangible fixed assets
Current assets
Current liabilities
Non- current liabilities
Net assets at the end of the year 2022
Tangible fixed assets
Net assets at the end of the year 2021		 1,813
-
-
1,813
37,340
1,000
973
39,313
(34,713)
(34,713)
(628)
(628)
3,813
1,000
972
5,785
1,565
-
-
1,565
41,677
2,460
746
44,883
(37,095)
-
-
(37,095)
(595)
-
-
(595)
5,552
2,460
746
8,758

22 Movements in funds

2022 Movements in funds

Unrestricted funds:
General funds
Designated funds:
IT Infrastructure reserve
Total designated funds
Total unrestricted funds
Restricted funds:
Specific UNICEF programmes
Youth Justice Pilot (Children's Rights In Scotland)
Rights Respecting Reserve (Clarks)
Rights Respecting Reserve (RLWC)
Rights Respecting Reserve (Nord Anglia)
Rights Respecting Reserve (Other)
Rights Respecting Reserve (Scotland)
Advocacy & Policy Programmes (Child Health Advocacy)
Child Rights & Sports Programme
Baby Friendly Reserve
1 Foreign, Commonwealth & Development Office (FCDO)
UNICEF fundraising development
People's Postcode Lottery
Children's Rights In Scotland		 At the start
of the year
Income &
gains
Expenditure
& losses
Transfers
between
funds
At the end of
the year
£'000
£'000
£'000
£'000
£'000
3,812
54,978
(51,837)
(1,401)
5,552
1,000
-
-
1,460
2,460
1,000
-
-
1,460
2,460
4,812
54,978
(51,837)
59
8,012
59
112,574
(112,574)
(59)
-
100
-
(65)
-
35
25
11
(21)
-
15
14
-
(8)
-
6
-
42
(42)
-
-
10
-
(10)
-
-
20
185
(205)
-
-
372
198
(413)
-
157
143
182
(100)
-
225
59
1,574
(1,352)
-
281
-
2,970
(2,970)
-
-
87
6,764
(6,839)
-
12
84
-
(85)
-
(1)
-
25
(9)
-
16
Total restricted funds 973
124,525
(124,693)
(59)
746
Total funds 5,785
179,503
(176,530)
-
8,758
1 FCDO expenditure relates to 2018 UK Aid Match funded projects to help reduce maternal health and child mortality in Eswatini and Lesotho, 2019
UK Aid Match funded projects to improve the health and development for children under five in Sierra Leone and Zambia and a 2020 UK Aid Match
funded project to build safe, inclusive and resilient communities for women and children in Malawi

Purpose of funds

The general unrestricted fund of £5,552,000 covers fixed assets and working capital needs for a period of four months, in line with our reserves policy.

The IT infrastructure designated reserve relates to investments in information and technology planned for 2023 and 2024. Restricted funds are used for specific purposes as stipulated by the donor.

UNICEF fundraising development programme funds are provided by UNICEF headquarters to invest in strategic fundraising initiatives.

148

149

2021 Movements in funds

2021 Movements in funds
Unrestricted funds:
General funds
Designated funds:
UK programmes action research
Total designated funds
Total unrestricted funds
Restricted funds:
Specific UNICEF programmes
Youth Justice Pilot (Children's Rights In Scotland)
Rights Respecting Reserve (Clarks)
Rights Respecting Reserve (RLWC)
Rights Respecting Reserve (Nord Anglia)
Rights Respecting Reserve (Other)
Rights Respecting Reserve (Scotland)
Advocacy & Policy Programmes (Child Health Advocacy)
Child Rights & Sports Programme
Baby Friendly Reserve
2 Foreign, Commonwealth & Development Office (FCDO)
UNICEF fundraising development
People's Postcode Lottery		 At the start
of the year
Incoming
resources &
gains
Outgoing
resources &
losses
Transfers
between
funds
At the end of
the year
£'000
£'000
£'000
£'000
£'000
2,651
58,761
(56,600)
(1,000)
3,812
13
-
(13)
-
-
13
-
(13)
1,000
1,000
2,664
58,761
(56,613)
-
4,812
(125)
74,762
(74,578)
-
59
25
100
(25)
-
100
26
10
(11)
-
25
54
-
(40)
-
14
-
11
(11)
-
-
-
25
(15)
-
10
-
20
-
-
20
425
-
(53)
-
372
52
203
(112)
-
143
-
180
(121)
-
59
-
2,413
(2,413)
-
-
221
5,339
(5,473)
-
87
286
-
(202)
-
84
Total restricted funds 964
83,063
(83,054)
-
973
Total funds 3,628
141,824
(139,667)
-
5,785

1 The IT infrastructure designated reserve relates to investments in information and technology planned for 2022

2 FCDO expenditure relates to 2018 UK Aid Match funded projects to help reduce maternal health and child mortality in Eswatini and Lesotho, 2019 UK Aid Match funded projects to improve the health and development for children under five in Sierra Leone and Zambia and a 2020 UK Aid Match funded project to build safe, inclusive and resilient communities for women and children in Malawi

23 Related party transactions

The Trustees, President, Vice Presidents and key managerial staff made donations totalling £30,917 to UNICEF UK during 2022 (2021: £17,027). None of these donations had any conditions attached which required the charity to alter the nature of its activities.

Included in the amounts stated as income in the accounts may be payments from persons or organisations who are related to Trustees, other board members and key managerial staff. The nature of certain fundraising activities may mean that donor details are not recorded and therefore it may not always be possible to identify these payments which are within the normal course of the charity's business.

During 2022 UNICEF UK transferred £118.2 million (2021: £80.5 million) to UNICEF as grants for international programmatic work to support children around the world.

Costs of £28,240 are recovered from UNICEF UK Enterprises Limited ('UEL') by the parent charity, UNICEF UK (2021: £36,810). As at the balance sheet date, UNICEF UK has an intercompany balance with UEL of £359,815 (2021: £215,285).

UNICEF UK agreed a revolving credit facility of up to £3.0 million to Soccer Aid Productions Limited. Interest is payable annually based on the bank Base Rate. As at the balance sheet date £2,048,030 has been drawn down on that facility (2021: £448,560).

There are no other related party transactions to disclose for 2022 (2021: none).

24 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary UNICEF UK Enterprises Limited gift aids available profits to the parent charity. There is no corporation tax charge in 2022 (2021: nil).

25 Operating lease commitments

The group's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years
Over five years		 2022
2021
£'000
£'000
1,824
1,790
7,341
7,162
4,129
5,819
13,294
14,771

150

151

THANK YOU

UNICEF UK President

Olivia Colman CBE

UNICEF UK Vice-Presidents

Marc Bolland

Lord Hastings of Scarisbrick CBE Dame Carolyn McCall Lord Jack McConnell Mark Makepeace

UNICEF Goodwill Ambassadors

Muzoon Almellehan David Beckham OBE Orlando Bloom Vanessa Redgrave

UNICEF UK Ambassadors

Ramla Ali

Gareth Bale Martin Bell OBE Sanjeev Bhaskar OBE Charley Boorman Emma Bunton Gemma Chan Cat Deeley David Harewood OBE Tom Hiddleston Sir Chris Hoy CBE Suzy Eddie Izzard

Jemima Khan

Ewan McGregor OBE Sir Andy Murray James Nesbitt OBE

Dermot O’Leary

Rita Ora

Lord David Puttnam Claudia Schiffer Michael Sheen Trudie Styler Jessie Ware

Robbie Williams Levison Wood

Paul Clark MBE Martin Compston Baroness Tanni Grey-Thompson DBE Arlo Parks Alex Scott MBE Cel Spellman

Scotland Advisory Board

Malcolm Robertson (Chair) David Duke MBE Fiona McFarlane Liz Reilly

7 Fund Giving Club

Paul Edwards (Chair) Peter and Charlotte Bolland

Ray Browne and Beverley Russell-Browne Clive

and Helene Gillmore Richard Grethe and Michelle Sochor Nigel, Sarah, Annabel,

Amelia and Olivia Hammond Johan and Claire Levavasse Minekte Foundation Sam and Jo Norman David and Aimi Palmer

SJM Concerts

Colin and Sue Stone

We also extend our deepest thanks to our six anonymous donors.

Global Guardians

UNICEF UK hugely appreciates the support of our Global Guardians, a group of special supporters who make substantial gifts to our core programmes for children each year. Their donations give us the flexibility to respond wherever the need is most urgent. In 2022, Global Guardians contributed £474,000 for UNICEF’s core programmes and £199,000 for humanitarian emergencies in Ukraine, Afghanistan and Pakistan.

UNICEF NextGen

UNICEF Next Generation is a committed group of young leaders who pledge their financial resources, time, networks, and skills to UNICEF’s lifesaving work. In 2022, the trailblazing team behind the #CookForUkraine campaign raised vital funds to support UNICEF’s work for the children of Ukraine.

Major partners

ABRDN

Aga Khan Foundation Aggreko Allan & Nesta

Charitable Settlement Amazon

Andan Foundation Arm Ltd Arup & Partners Asda

AstraZeneca Aveva

Avra Foundation

The Band Aid Charitable Trust Eric and Kirsty Bendahan The Big Give

BT

Burberry Checkout.com Chellaram Foundation The Children’s Investment Fund Foundation (CIFF) Christie’s Tim Clark Clarks

Clipper Round the World Race The Constance Travis Charitable Trust

The Copyrights Group Eleanor Crook Foundation Alexandra Derbyshire and Paul King D&G Group Disney Domestos Dove easyJet

Eleva Foundation Ethical Tea Partnership EY UK

F1

FIA Foundation

The Foreign, Commonwealth and Development Office Formula E

The Bill and Melinda Gates Foundation HSBC IHS Towers Initial Group, part of the Banijay Group Isle of Man Government ITV and STV Jersey Overseas Aid Joe Jarvis

Alistair and Christina Johnston Jo Malone London Keller Group KPMG Intl and KPMG UK Lund Trust

M&S

Aditya and Megha Mittal NatWest

National Grid NIVEA

Nord Anglia Education Oak Foundation Pitch International The Power of Nutrition

PwC

Danny and Manizeh Rimer Stephen Robertson Rugby League World Cup 2021 RSM UK RX Sky

Soccer Aid Productions Ltd The Talent Fund TDR Capital 3i Howard and Ann Thorne Twinings Unilever ViiV Healthcare Positive Action Vitality The Wellcome Trust Peter and Jan Winslow World Gold Council York Theatre

And all those who wish to remain anonymous,

Thank you

152

153

PLEASE SUPPORT OUR WORK TO BUILD A BETTER WORLD FOR EVERY CHILD, EVERY DAY, EVERYWHERE

The United Kingdom Committee for UNICEF (UNICEF UK) Registered Offi ce: 1 Westfi eld Avenue London E20 1HZ Registered Company Number 3663181 Registered Charity Number 1072612 (England and Wales) SC043677 (Scotland) unicef.org.uk