## ## |Directors||||| |---|---|---|---|---| |||J N R Montgomery||| |||Dr J M Smith||| |||M
I Marcus —resigned||5 December 2020| |||R Messenger||| |||P Whittle||| |||F Mutanguha|(Executive Director)|| |||M Kayihura —appointed||25 September 2021| |||J Ohlsson —resigned 9||December 2021| |Charity Number||1082856||| |Company|Number|04020958||| |Registered|Office|34-36Goosegate||| |||Nottingham||| |||Nottinghams
hire||| |||NG1 1FF||| |Auditors||Azets Audit Services||| |||2"' Floor, Regis House||| |||45 King William Street||| |||London||| |||EC4R 9AN||| |Bankers||Natwest||| |||11Western
Boulevard||| |||Bede Island||| |||Leicester||| |||LE2 7EJ||| |Solicitors||Freeth Cartwright||| |||Willoughby
House||| |||20 Low Pavement||| |||Nottingham||| |||NG1 7EA||| ## ||Page| |---|---| |Trustees Annual
Report|1-6| |Trustees'
Responsibilities
Statement|| |Independent
Auditor's
Report|8 —10| |Statement
of Financial Activities|| |Balance Sheet|12| |Statement
of Cash Flows|13| |Notes to the Financial Statements|14-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## AEG15 TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AEGIS TRUST FOR THE YEAR ENDED 30JUNE 2021 Because of the Inherent limitations of an audit. there is a risk that we will not detect all irre8ularities, ificluding those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is rernoved from the events and transactions reflected in the finaThci81 statements, a5 we will be les5 likely to become aware of Instances ol non-compliance. The risk is also greater regarding irregularitles otcurring due to fraud rather than error, as fraud Involves intentional concealment, forgery, collusion, otnission or misrepresentatlon. A further description of our resp0115ibilities is available on the Financial Reporting Councll's webslte at.. https'.Ilwww.Irc.org.uk/our-WorVAuditlAudit-and-assurance/Stand3rds-and-guidance/Standards-and-guidance-for- auditorslAuditor5-responsibilitie5-for-audit/Des£ription%)f-auditors-re5pon5ibilities-for-audii.aspx. This description forms part of our auditor's report. Use olour report ThSs report is made solely to the charitable company's member5, a5 a body, in accordance wlth Chapter 3 of Part 16 of the CompaniÈs Art 2006. Ouraudit work has been undertaken so that we might State tothe charitablÈtompany'5 members those matters we are requi￿d to state tts them in an auditorfs report and lor no other purpose. To the lullest extent permitted by law, we do not accept or assume responsibillty io anyone other than the tharrtable tompany and the charitable compan15 member5 a5 a body. for our audit work, for this report, or IOT the opinions we have formed. John Howard FCA Isenior Statutory Auditorl For and on behall of Azets Audit Service5 Statutory Auditor 2. Floor. Regi5 House 45 King William Street London EC4R 9AN United Kir)gdom Date.. 12 io ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| |||Notes|Funds|Funds|2021|2020| ||||E|E|E|f| |Income||||||| |Donations
and legacies|||109,622||109,622|206,869| |Charitable
activities|||499,069|1,593,110|2,092,179|2,225,633| |Investments||||||4,218| |Otherincome||||||84,688| |Total income|||608,691|1,593,110|2,201,801|2,521,408| |Expenditure
on:||||||| |Raising funds:||||||| |Fundraising
and publicity|||19,989||19,989|22,262| |Charitable
activities|||508,095|1,540,036|2,048,131|2,036,858| |Total expenditure|||528,084|1,540,036|2,068,120|2,059,120| |Net income before transfers|||80,607|53,074|133,681|462,288| |Gross transfers
between|funds||192,632|(192,632)||| |Net income/(expenditure)|for the year||273,239|(139,558)|133,681|462,288| |Net movement
in funds|||273,239|(139,558)|133,681|462,288| |Fund balances at 30June|2020||1,011,311|364,178|1,375,489|913,201| |Fund balances at 30June|2021||1,284,550|224,620|1,509,170|1,375,489| ## ||||Note|2021||2020|| |---|---|---|---|---|---|---|---| |||||E||E|| |Fixed Assets|||||||| |Tangible assets|||13|704,771|||856,768| |Current Assets|||||||| |Debtors|||14|267,747|44,357||| |Cash at bank and|in|hand||734,645|702,053||| |||||1,002,392|746,410||| |Creditors: amounts||falling|||||| |due within one year|||15|(197,993)|(227,689)||| |Net Current assets||||804,399|||518,721| |||||1,509,170|||1,375,489| |Income funds|||||||| |Restricted funds|||16|224,620|||364,178| |General unrestricted||funds||1,284,550|||1,011,311| |Total funds|||17|1,509,170|||1,375,489| ||||Notes|2021|||2020|| |---|---|---|---|---|---|---|---|---| |||||E||||| |Cash inflows from operating||activities:||||||| |Cash generated
from operations|||19||42,051|||587,115| |Investing
activities||||||||| |Purchase oftangible
fixed|assets|||(9,107)||(282,574)||| |Net cash used in investing|activities||||(9,107)|||(282,574)| |Net increase
in cash and|cash|equivalents|||32,944|||304,541| |Cash and cash equivalents|at|the beginning||||||| |ofthe year|||||702,053|||397,512| |Cash and cash equivalents|at|the end ofthe year|||734,645|||702,053| |Cash and cash equivalents|comprise:|||||||| |Cash at bank and
in hand|||||734,645|||702,053| ## ## ## ## ## ## |1|Accounting
policies —continued|||||||| |---|---|---|---|---|---|---|---|---| |1.7|Impairment
offixed assets|||||||| ||At each reporting
end date, the charity
reviews|||the carrying
amounts
of its tangible
fixed assets to determine||||| ||whether there is any indication
that those assets have suffered
an impairment||||||loss.
Ifany such indication
exists, the|| ||recoverable
amount ofthe asset is|estimated|in order to determine|||the extent|ofthe impairment|loss (ifany).| ||Ifthe recoverable
amount
of an asset is estimated|||to be less than||its carrying|amount,
the carrying
amount
ofthe|| ||asset is reduced to its recoverable|amount.|An impairment||loss is recognised||immediately
in income/expenditure|| ||for the period.|||||||| |1.8|Cash and cash equivalents|||||||| ||Cash
and
cash equivalents
include|cash
in|hand,|deposits|held|at call with|banks
and other|short-term
liquid| ||investments
with original
maturities|ofthree|months of less.|||||| |1.9|Financial instruments|||||||| ||The company
has elected to apply|the provisions||of Section|11Basic Financial||Instruments'
and|Section 12 'Other| ||Financial
Instruments
Issued' of FRS 102to all of its financial||||instruments.|||| ||Financial
instruments
are
recognised
when||the|charity
becomes
party
to the
contractual||||provisions
of the| ||instrument.|||||||| ||Basic financial assets|||||||| ||Basic financial assets, which include|trade and other receivables
and cash and|||||bank balances, are|initially
measured| ||at transaction
price including
transaction
costs and|||are subsequently||carried at amortised
costs.||| ||Basic financial
liabilities|||||||| ||Basic financial
liabilities,
including
trade and||other|payable,|are initially
recognised
at transaction|||price, unless the| ||arrangement
constitutes
a financing
transaction,|||in which|case|it
is measured
at the present
value of future||| ||cashflows.|||||||| ||Accounts
payables
are obligations|to pay for|goods or services that have been acquired
in the|||||ordinary
course of| ||operations
from suppliers.
Accounts
payable||are classified as current
liabilities||||if payment
is due|within
one year or| ||less.|||||||| ||Debt instruments
are subsequently|measured
at||amortised|cost|using the|effective
interest|rate method,
less| ||impairment,
unless they constitute|a financing|transaction
in||which|case it is measured
at the present value offuture||| ||cashflows.|||||||| ||Derecognition
offinancial
liabilities|||||||| ||Financial
liabilities are derecognized|when the|charity's contractual|||obligations|expire or are discharged
or cancelled.|| ## |Donations|and|legacies||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|2021|2020| |||||f|f|f|f| |Donations|and|gifts||109,622||109,622|206,869| |For the year ended 30June 2020|||||||| |Donations|and|gifts||21,665||21,665|48,268| |Donations|—charitable||bodies|87,957||87,957|155,451| |Other donations||and gifts|||||3,150| |||||109,622||109,622|206,869| |4|Charitable
activities|Charitable
activities|||2021|2020| |---|---|---|---|---|---|---| ||||||f|f| ||Grants and donations||||2,092,179|2,225,633| ||Analysis
by fund|||||| ||Unrestricted
funds||||499,069|585,458| ||Restricted
funds||||1,593,110|1,596,364| ||||||2,092,179|2,225,633| |5|Other income||||Unrestricted|funds| ||||||2021|2020| ||||||f|f| ||Licensing income|||||74,978| ||Other miscellaneous||income|||9,710| |||||||84,688| |6|Raising funds|||||| ||Fundraisin
and|ublicit||||| ||Publicity costs and|fundraising||events|19,989|22,262| ## |||||||||| |---|---|---|---|---|---|---|---|---| |Charitable
activit|ies||||||2021|2020| ||||||||f|f| |Staff casual worker and||volunteer||costs|||843,845|724,449| |Depreciation
and|impairment||||||161,104|208,433| |Legal and professional||costs|||||566,601|411,614| |Premises costs|||||||79,749|69,309| |Repairs and maintenance|||||||7,309|50,615| |Printing,
postage,|stationery,||advertising||and telephone||49,681|86,173| |Travel and subsistence|||||||159,259|136,396| |Other costs|||||||48,883|176,285| |Film production,|conference,||event|and|exhibition|costs|8,511|20,937| |Exchange losses/(gains)|||||||(95,307)|(30,667)| |Interest costs|||||||2,136|2,849| ||||||||1,831,771|1,856,393| |Grant funding of|activities (see note 8)||||||183,360|138,465| |Share ofgovernance
costs (see note 9)|||||||33,000|42,000| ||||||||2,048,131|2,036,858| |Analysis
by fund||||||||| |Unrestricted
fund||||||||| |Restricted fund|||||||508,095|539,066| ||||||||1,540,036|1,497,792| ||||||||2,048,131|2,036,858| ## |9|Governance|costs||||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||f|f| ||Staff costs|||||||||||15,000|15,000| ||Audit and accountancy||fees||(see note 11)|||||||18,000|27,000| |||||||||||||33,000|42,000| |10.|Net income/(expenditure)||||||||||||| |||||||||||||2021|2020| ||Net income/(expenditure)|||for||the period
is stated after charging/(crediting):||||||f|f| ||Exchange (gains)/losses||recognised|||||in net income/expenditure||||(95,307)|(30,667)| ||Fees payable|to the company's|||||auditors for the||audit ofthe|company's|annual||| ||accounts|||||||||||18,000|18,000| ||Depreciation|ofowned|tangible||||fixed assets|||||161,104|208,433| |11|Auditors'
remuneration|||||||||||2021|2020| |||||||||||||f|f| ||Audit fees|||||||||||13,500|13,500| ||Other services|||||||||||4,500|4,500| |12|Employees|||||||||||2021|2020| |||||||||||||Number|Number| ||The
average|monthly|head|||count||(including|directors)|employed|by the||| ||company
during the period|||was:|||||||||| ||UK based|||||||||||6|5| ||Rwanda
based|||||||||||30|31| ||||||||||||||36| ||The aggregate|remuneration|||comprised:||||||||| ||Wages and salaries|||||||||||566,104|657,201| ||Social security|costs||||||||||37,858|36,826| ||Pension costs|||||||||||20,645|25,826| |||||||||||||624,607|719,853| ## |||||2021|2020| |---|---|---|---|---|---| |||||Number|Number| |The number
ofemployees||who received total employee|benefits over E60,000||| |were as follows:|||||| |f60,000to E69,999|||||| |Tangible fixed assets|||Land and|Plant and|| ||||Buildings|Fixtures|Total| ||||E|E|E| |Cost/restated
cost|||||| |At 30June 2020|||914,281|1,186,646|2,100,927| |Additions||||9,107|9,107| |Disposals|||||| |At 30June 2021|||914,281|1,195,753|2,110,035| |Depreciation
and impairment|||||| |At 30June 2020|||133,516|1,110,643|1,244,159| |Depreciation
charged|in the year||133,515|27,589|161,104| |Depreciation
on disposals|||||| |At 30June 2021|||267,031|1,138,233|1,405,264| |Carrying amount|||||| |At 30June 2021|||647,251|57,520|704,771| |At 30June 2020|||780,765|76,003|856,768| ## |14|Debtors|||2021|2020| |---|---|---|---|---|---| |||||E|E| ||Amounts
falling due||within one year||| ||Other debtors|||37,977|43,811| ||Prepayments||||546| ||Accrued income|||229,770|| |||||267,747|44,357| |15|Creditors: amounts|falling due within one year|||| ||Trade creditors|||5,729|| ||Other creditors|||166,888|178,952| ||Accruals and deferred||income|25,376|48,737| |||||197,993|227,689| ## ## |||||Balance at|Incoming|Resources||Balance at| |---|---|---|---|---|---|---|---|---| |||||1July 2020|resources|expended|Transfers|30June 2021| |||||E||||| |Sida Peace Programme||||152,815|1,415,198|(1,392,107)||175,906| |Digital Platform for Peace||Programme||111,383|||(111,383)|| |Healing for Communities||||29,676|||(29,676)|| |Ikiraro cy'iterambere|Civil|Society|Programme|8,987|12,239|(10,820)|(10,406)|| |Kigali Genocide Memorial||upgrade|project|40,867|||(40,867)|| |King's College London||||20,150|165,673|(137,109)||48,714| |||||364,178|1,593,110|(1,540,036)|(192,632)|224,620| ## ## |||||Balance at|Incoming|Resources||Balance at| |---|---|---|---|---|---|---|---|---| |||||1July 201B|resources|expended|Transfers|30June 2020| |||||f||f|f|g| |Sida Peace Programme||||43,915|1,333,251|(1,224,351)||152,815| |DfiD Genocide Programme||||5,835|||(5,835)|| |Digital Platform for Peace||Programme||78,195|124,017|(90,829)||111,383| |Regional
Peacebuilding|Programme|||9,075|||(9,075)|| |Healing for Communities||||50,226|3,946|(24,496)||29,676| |Ikiraro cy'iterambere|Civil|Society|Programme|8,550|135,142|(134,705)||8,987| |Kigali Genocide Memorial||upgrade|project|40,909|8|(50)||40,867| |King's College London|||||43,811|(23,661)||20,150| |||||236,705|1,640,175|(1,497,792)|(14,910)|364,178| ## ## |Analysis ofnet assets between|funds||Unrestricted|Restricted|Total| |---|---|---|---|---|---| ||||Funds|funds|2021| ||||E|E|E| |Fund balances at 30June 2021|represented|by:|||| |Tangible fixed assets|||704,771||704,771| |Current assets/(liabilities)|||579,779|224,620|804,399| ||||1,284,550|224,620|1,509,170| |Fund balances at 30June 2020 are represented|by:|856,768||856,768| |---|---|---|---|---| |Tangible fixed assets||154,543|364,178|518,721| |Current assets/(liabilities)||||| |||1,011,311|364,178|1,375,489| ## ## |Income||Donations|received|Licensing|income| |---|---|---|---|---|---| |||2021|2020|2021|2020| |||E|E|f|E| |Entities under common|control|164,982|302,680||| |Other related parties|||9,235||74,978| |||164,982|311,915||74,978| ## ||||Amounts|owed|by|related|parties|Amounts
owed|to|related parties| |---|---|---|---|---|---|---|---|---|---|---| |||||2021|||2020|2021||2020| |||||E|||E|E||f| |Key|management|personnel||||||162,936||162,936| |||||||||162,936||162,936| ## ## |Cash generated
from operations|Cash generated
from operations|Cash generated
from operations||2021|2020| |---|---|---|---|---|---| |||||E|E| |Net income/(expenditure)|for|the period||133,681|462,288| |Adjustments
for:|||||| |Depreciation
and impairment||oftangible|fixed assets|161,104|208,433| |Movements
in working|capital||||| |(Increase)
in debtors||||(223,038)|(17,330)| |(Decrease)
in creditors||||(29,696)|(66,276)| |Cash generated
from operations||||42,051|587,11S|