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|Reference and administrative<br>details ofthe Charity,|Reference and administrative<br>details ofthe Charity,|its trustees|and advisers|
|---|---|---|---|
|Management|Committee's<br>report|||
|Independent|auditors'<br>report|||
|Statement of|financial activities|||
|Balance sheet||||
|Statement of|cash flows|||
|Notes to the financial statements||||





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||||At 31 INarch|At 31 March|
|---|---|---|---|---|
||||2022|2021|
|||Notes|||
|Fixed Assets:|||||
|Tangible Fixed Assets|||30,520|38,749|
|Current assets:|||||
|Debtors|||414,336|45,659|
|Cash at bank and in hand|||616,500|1,068,599|
||||1,030,836|1,114,158|
|Liabilities:|||||
|Creditors<br>falling due within one year|||(67,210)|(68,853)|
|Net current|assets||963,828|1,025,305|
|Net Assets||13|994,146|1,064,054|
|Funds;|||||
|Unrestricted|funds|10|459,944|405,923|
|Designated|funds|10,11|47,059|163,218|
|Restricted<br>funds||10,12|487,143|494,913|
||||994,146|1,064,054|





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||||2022|2021|
|---|---|---|---|---|
||||5|5|
|Net Movement<br>in Funds|(as per Statement of Financial Activities)||(69,908)|112,506|
|Adjustments<br>for:|||||
|Depreciation|||11,107|8,870|
|Loss on disposal offixed asset|||117|1,191|
|Interest received|||||
|(Increase)<br>/ decrease<br>in debtors|||(368,777)|103,392|
|Increase<br>/ (decrease)<br>in creditors|||(21,643)|45,239|
|Net Cash generated<br>from Operating||Activities|(449,104)|271,198|
|Cash flows from Investing<br>activities:|||||
|Interest received|||||
|Purchase<br>offixed assets||||(18,727)|
|(Write off) / Proceeds on disposal offixed assets|||(2,995)|4,026|
|Net cash from investing|activities||(2,995)|(14,701)|
|Cash flows from financing<br>activities:|||||
|Other|||||
|Interest|||||
|Net cash from investing|activities||||
|Net increase<br>/ (decrease)|in cash and|cash equivalents|(452,099)|256,497|
|Cash and cash equivalent|at beginning|ofperiod|1,068,599|812,102|
|Cash and cash equivalent|carried forward||616,500|1,068,599|
|Cash and cash equivalents<br>can be analysed as follows:|||||
|Cash in hand|||616,500|1,068,599|
||||616,500|'l,068,599|
|The notes on pages 19to 30form part ofthese financial statements.|||||





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|2.|Donations|Donations|||||
|---|---|---|---|---|---|---|
||||Year ended|31 March 2022|||
|||||||Year ended|
||||Unrestricted|Restricted|Total|31March|
||||Fund|Fund|Funds|2021|
||||8|||5|
||Donations|(incl Events)|331,868|107,399|439,267|498,300|
||Total 2021||363,893|134,407|498,300||



## 

|.<br>Inco|me from Charitabl|e<br>Activities||||
|---|---|---|---|---|---|
|||Year ended|31March 202|||
||||||Year ended|
|||Unrestricted|Restricted|Total|31March|
|||Fund|Fund|Funds|2021|
|||8|6|6||
|Institutional|Donors|15,000|503,167|518,167|500,580|
|Total 2021|||500,580|500,580||





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||||Year ended 31|Nlarch 2022||||Yearended 31|
|---|---|---|---|---|---|---|---|---|
|||||||||March 2021|
||||Activities|Project|||||
||||Undertaken|Activity|Staff|Support|Total|Total|
||||Directly|Grants|Costs|Costs|Costs|Costs|
|||||Payable|||||
|||||6|||||
|Expenditure|||||||||
|Costs ofraising||funds:|||||||
|Event costs|||1,732||||1,732|1,431|
|Fundraising|& publicity||21,430||46,386||67,816|68,599|
||||23,152||46,386||69,548|70,030|
|Charitable|activities:||||||||
|Project Funding|||284,527|143,042|428,875|103,546|959,990|861,837|
|Governance|costs:|||||7,446||7,597|
|Foreign exchange||(gains) l|||||||
|losses||||||(9,642)|(9,642)|(53,089)|
|Total Charitable||activities|284,527|143,042|428,875|101,350|957,794|816,445|
|Total expenditure||2022|307,689|143,042|475,261|101,350|1,027,342|886,475|
|Total expenditure||2021|330,845|95,923|428,866|30,841|885,475||



||||||Yearended|Year ended|
|---|---|---|---|---|---|---|
||||||31March 2022|31March 2021|
||||||6||
|Project|activity grants||payable included|grants approved|||
|in the year as follows:|||||||
|Project|activity|funding|Io institutions||143,042|95,923|
|Governance||costs|||||
|Auditor's|fees||||7,160|7,343|
|Management||consultancy<br>*|||286|354|
||||||7,446||





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||Year ended|Yearended|
|---|---|---|
||31March 2022|31March 202f|
|Support Costs|||
|Space and Office Costs|17,894|32,496|
|Management<br>and Personnel Costs|3,045|1,769|
|ITCosts|2,341|2,647|
|SAfrica office related costs (excl salaries)|63,783|30,750|
|Other support costs|16,484|18,571|
|Bad debt provision|||
|Regular Support Costs|103,546|76,233|
|Foreign exchange (gains) / losses *|(9,642)|(53,089)|
|Governance<br>Costs|7,446|7,697|
|Total Support Costs|101,350|30,841|



## 

|.<br>Trust<br>|ees and em<br>|ployees||||
|---|---|---|---|---|---|
|Staff|costs:||||Year ended|
|||||Year ended 31|31 March|
|||||llllarch 2022|2021|
|||||8||
|Salaries||||274,955|260,004|
|Social secudity costs||||3,554|1,801|
|Pension scheme contributions||||512|789|
|Consultant,|temporary|and agency staff||196,240|166,272|
|||||475,261|428,866|
|The average|number of|persons employed|/ contracted|Number|Number|
|during the year was:||||||
|UK|||||5|
|SAfrica|||||31|
|||||48||





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|8.|Creditors|||||
|---|---|---|---|---|---|
||amounts|falling due within one year|At|31 March|At 31March|
|||||2022|2021|
|||||8||
|Trade|Creditors|||32,344|30,114|
|Taxation and social security||||||
|Accruals and Other Creditors||||34,866|58,739|
|||||67„210|88,853|



## 

|9.|Operating<br>Lease Commitments||||
|---|---|---|---|---|
||||Land &Buildings||
|||At|31 March|At 31 March|
||||2022|2021|
||||6||
|Expiry|Date:||||
|Within|1 year||17,136|20,607|
|Within|2 and 5years||7,140|24,276|
||||24,276|44,883|





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||||Balance at|Incoming|(Outgoing)||Balance at||
|---|---|---|---|---|---|---|---|---|
||||1 April 2020|Resources|Resources|Transfers|31 March||
||||||||2022||
|Unrestricted|Funds||405,923|346,868|(292,847)||459,944||
|Designated|Funds||163,218||(116,159)||47,059||
|Restricted|Funds||494,913|610,566|(618,336)||487,143||
|Total|||1,064,054|957,434|(1,027,342)||994,146||
|The Unrestricted||income|Funds are classified|as follows:||At 31 March|At 31|March|
|||||||2022||2021|
|||||||9|||
|Unrestricted|Funds|||||459„944|405,923||
|Designated|Funds|||||47,059|163,218||
|Total||||||507,003|569,141||



## 

||||Balance at|Incoming|Eligible|Project activity|Balance at|
|---|---|---|---|---|---|---|---|
||||1 April 2021|Resources|Transfers|paid & payable|31 Ilarch|
||||||||2022|
||Innovation|fund —UK|116,992||(20,483)|(57,185)|39,324|
|Innovation|fund —South Africa||46,226||20,483|(58,974)|7,735|
|||Total|163,218|||(116,159)|47,059|





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|||||||Balance at|Balance at|Incoming|Eligible|Project activity|Balance at|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||1 April|2021|Resources|Transfers|paid 5 payable|31 March|
||||||||||||2022|
||||||||||||E|
|Enable, South Africa||||||343,382||382,715||(409,933)|316,164|
|Better Together,||South||Afdca||34,329||||(32,203)|2,126|
|Bright Start,|South Africa||||||2,859|221||(1,868)|1,212|
|South Africa|Fund|||||32,676||71,013||(18,236)|85,453|
|Connect Malawi,||Malawi||||76,443||43,229||(110,486)|9,186|
|One London,|UK||||||2,609|109,000||(41,377)|70,232|
|Other|||||||2,615|4,388||(4,233)|2,770|
|||||Total||494,913||610,566||(618,336)|467,143|
|13.<br>Analysis||ofthe Charity's|||net assets by Fund|||||||
||||||||Unrestricted||Designated|Restricted|Total|
|||||||||Fund|Fund|Funds|Funds|
|||||||||6|5|8|5|
|Fund balances at|||31 March 2022 are|||||||||
|represented||by:||||||||||
|Tangible|Fixed Assets|||||||30,520|||30,520|
|Debtors||||||||154,081||260,255|414,336|
|Cash at|bank|and|in hand|||||339,045|47,059|230,396|616,500|
|Creditors: amounts||||falling due|within one year|||(63,702)||(3,508)|(67,210)|
|||||||||459,944|47,059|487,143|994,146|





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|6.<br>Summary<br>ofProject Activity Grants Payable|||
|---|---|---|
||2022|2021|
|Summary ofProject Activity Grants|6||
|Africa|||
|Connect Malawi - Yoneco|44,810|24,883|
|Connect Malawi - PATA|44,162||
|Better Together|12,305|7,980|
|Covid 19||32,068|
||101,278|64,931|
|Other|||
|UK —One London|41,764|30,992|
|Total Project Activity Grants Payable|143,042|95,923|





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||||Balance at|Income|Balance at|
|---|---|---|---|---|---|
|||1|April 2020|I(Expenditure)|31 March 2021|
|Unrestricted|Funds||411,402|(5,479)|405,823|
|Designated|Funds||46,556|116,662|183,218|
|Restricted|Funds||493,591|1,322|494,913|
|Total|||951,549|112,505|1,054,054|



|18.|Comparative|2021 Analysis ofthe Charity's|net assets by|Fund||||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Funds|||
||||Unrestricted|Designated||Restricted|Total|
||||Fund<br>f||Fund<br>f|Fundsf|Fundsf|
|Fund|balances at|31March 2021 were||||||
|represented<br>by:||||||||
|Fixed|Assets||36,749||||38,748|
|Current Assets|||419,631||164,415|529,909|1,114,158|
|Creditors: amounts||falling due within one year|(52,657)||(1,200)|(34,996)|(88,853)|
||||405,923||163,216|494,913|1,084,054|