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:
- The treatment of deferred income balances relating to the timing of grant income;
- Provisions such as the dilapidations or bad debt involve assumptions and estimation techniques. These are based on the experience and knowledge of management and past evidence;
- The cost allocation methodology requires a judgement as to what are the most appropiate bases to use to apportion support costs.
**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:
- Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose;
- Expenditure on charitable activities includes the grants payable to UNICEF for international programmes and costs incurred directly by UNICEF UK in the furtherance of its charitable objectives through UK programmes and advocacy work, along with associated support cost. Grants payable to UNICEF and other third parties are considered to be a part of the cost of activities in furtherance of the objects of the charity. This is because such grants support programmes providing long-term sustainable benefits for children and emergency relief at times of crisis;
- Other expenditure represents those items not falling into any other heading.
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:
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|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._
- **15 Subsidiary undertaking and joint venture company**
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._
- _2 Appointed on 1st December 2020_
_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:
**----- Start of picture text -----**
||||
|---|---|---|
|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