2022-12-31-accounts - International Aid Trust

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Contents		Pages
Trustees' Annual Report		1-9
Reference &Administrative	Information	10
Independent Auditor's Report		11-17
Statement Of Financial Activities		18
Balance Sheet
Statement ofCash Flows		20
Notes Forming Part OfThe	Financial Statements	21-32

Risk Management	Risk Management	Risk Management
The Management Committee has conducted a review ofthe major risks to is exposed. System and procedures have been established to manage the faces:			which the risks the	Charity Charity
Princi al Risks It Uncertainties		Strat ies o mana ethese
Terrorism and piracy		All personnel travelling abroad carry	adequate	travel
		insurance and consult FCO advice.
Safety and integrity humanitadan aid shipments Protection ofchildren and	of	Only trusted carriers and routes are used. shipped to known and trusted recipients. All Trustees are DBS checked; and the	Goods are only Charity's Child
vulnerable persons		Protection Policy is promulgated by appropriate siqnage.

Property leases	Leases	are generally	short term or with adequate	short term or with adequate	break
	clauses.
Cash flow	Sufficient reserves		are held to maintain	day-to-day
	liquidity.
Integrity ofgrants	Grant-making criteria		used in selecting recipients include:
	a.	within the objects and current policies
	b.	Past commitments and investment
	c.	Previous successful relationship, to minimise			risks
		ofaid being diverted for uses outside our control or
		for fraudulent	purposes.
	d.	Maintaining a	balance ofrecipients by	age, gender,
		ethnic groups,	region and denomination

						Unaudited
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2022	2021
		Note		6		F
Income from:
Donations	and legacies	2	113,162	423,146	536,308	398,156
Other trading activities		3	606,916	31	606,947	404,438
Investments			743		743	22
Total income			720,821	423,177	1,143,998	802,616
Expenditure on:
Raising funds - gifts and donations			25,454		25,454	15,471
Raising funds - trading			505,843		505,843	403,136
Charitable	activities		153,089	291,472	444,561	194,783
Total expenditure			684,386	291,472	975,858	613,390
Net income/(expenditure)			36,435	131,705	168,140	189,226
Transfers between funds		17	(17,150)	17,150
Net movement	in funds		19,285	148,855	168,140	189,226
Reconciliation	offunds:
Total funds	at start ofyear	17	219,694	69,553	289,247	100,021
Total funds	at snd ofyear	17	238,979	218,408	457,387	289,247

AS
AT31DECE	BER 2022		Company number: 04167908
				Unaudited
			2022	2021
		Note	8
Fixed Assets
Tangible assets		10	104,970	87,663
Current Assets
Debtors Cash at bank			41,025 451,125	29,653 291,555
Creditors: Amounts	falling		492,150	321,208
due within one year Net Current Assets		12	(104,085) 388,065	(78,420) 242,788
Creditors: Amounts	falling due
after more than one	year		(35,648)	(41,204)
Net assets			457,387	289,247
Funds
Unrestricted funds		18	238.979	219,694
Restricted funds		18	218,408	69,553
			487,387	289,247

						Unaudited
					2022	2021
				Note	5
Net cash	inflow	from operating	activities	15	188,687	169,044
Nonwperational		cash flows:
Investing	activities
Purchase	offixed	assets			(41,098)	(34,659)
Proceeds	from the sale offixed		assets		16,796
Investment	income				743	22
					(23,559)	(34,637)
Financing	activities
Loan repayments					(5,556)	(2,963)
Net cash	inflow	for the year		16	159,512	131,444


Donations	and	legacies					Unaudited
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2022	2021
				8	6	6	6
Donations	and	legacies		68,586	408,511	477,097	177,575
Job retention scheme grants							68,252
Local restriction		support	grants				93,502
Restart grants							24,003
Gift Aid				44,576	14,635	59,211	34,824
				113,162	423,146	536,309	398,156
Prior year	comparatives		(unaudited)
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				6	6	6
Donations	and	legacies		72,859	104,716	177,575
Job retention scheme grants				68,252		68,252
Local restriction		support	grants	93,502		93,502
Restart grants				24,003		24,003
Gift Aid				26,686	8,138	34,824
				285302	112,854	398,156

			Unaudited
Unrestricted	Restricted	Total Funds	Total Funds
Funds	Funds	2022	2021
6	6	6	6
583,683	31	583,714	383,437
22,003		22,003	16,051
1,230		1,230	4,950
606,916	31	606,947	404,438
Unrestricted	Restricted	Total Funds
Funds	Funds	2021
6	6	6
383,422	15	383,437
16,051		16,051
4,950		4,950

G
rants payable				Unaudited
			2022	2021
			6	6
IAT New Jerusalem	Ministries		26,598	16,679
IAT Good Samaritan	Foundation	Odessa and Moltavilovka	87,898
Church Kiev				21,245
Sierra Leone New Hope School			69,996	53,587
Various small recipients			6,185	10,589
Total grants payable			190,677	102,100

Net inco	mei(	expenditu	re) for the	year
							Unaudited
This is stated after charging:						2022	2021
						8	6
Depreciation		and loss	on disposal			6,995	6,358
Auditors'/	Independent		Examiner's	remuneration
				- audit		4,500
				-independent	examination		2,160
				-accounts preparation		1,500	1,590
				-other services			138

Staff costs an	Staff costs an	d numbers
The aggregate		payroll costs were:		Unaudited
			2022	2021
			6	6
Wages and	salaries		362,433	263,847
Social security		costs	20,004	5,136
Pension			3,814	2,359
Redundancy	payments		7,000	588
			393,250	271,930

Fundwnalysis comp	arative figures (unaudited)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		6	8	8
Income from:
Donations and legacies		285,302	112,854	398,156
Other trading activities		404,423	15	404,438
Investments		22		22
Total income		689,747	112,869	802,616
Expenditure on:
Costa ofgenerating	funds
Raising funds - gifts and donations		15,471		15,471
Raising funds - trading		403,136		403,136
Charitable activities		92,595	102,188	194,783
Total expenditure		511,202	102,188	613,390
Net income/(expenditure)		178,545	10,681	189,226
Transfers between funds		(6,397)	6,397
Net movement in funds		172,148	17,078	189,226
Reconciliation offunds:
Total funds at start of	year	47,546	52,475	100,021
Total funds at end ofyear		219,694	69,553	289,247

10	Tangible fixed ass	ets
				Shop	8
			Leasehold	office		Motor
			Improvements	equipment		Vehicles	Total
	Cost		6		6		6
	At 1 January 2022 (unaudited)		61,272	38,182		44,090	143,544
	Additions		41,098				41,098
	Disposals					(25,700)	(25,700)
	At 31 December 2022		102,370	38182		18,390	158942
	Depreciation
	At 1 January 2022 (unaudited) Charge for the year Disposals		1,827 2,628	34,271 980		19,782 2,582 (8,098)	55,880 6,190 (8,098)
	At 31 December 2022		4,455	35,251		14,266	53,972
	Net book value
	At 31 December 2022		97,915	2,931		4,124	104,970
	At 31 December 2021 (unaudited)		59,445	3,911		24,308	87,664
11	Debtors						Unaudited
						2022	2021
						6	6
	Other debtors Prepayments &accrued income					6,861 34,164	9,765 19,888
						41,025	29,653
12	Creditors: amounts	falling due within one year					Unaudited
						2022	2021
							6
	Trade creditors Other creditors Taxes and social security costs Accruals &deferred income Bank loan					44,322 41,141 5,526 7,540 5,556	22,243 42,567 4,304 3,750 5,556
						104,085	78,420

At 31 December 2022 the company had total as follows:	commitments, under non-cancellabl	e operating	leases paid
			Unaudited
	Land &	Total	Total
	buildings	2022	2021
		8	8
Within one year Between two &five years	58,100 130,600	58,100 130,600	70.600 83,596

At 31 December 2021 the company had total as follows:	commitments, under non-cancellab	le operatin
		Unaudited
	Land &	Total
	buildings	2021
		8
Within one year Between two &five years	70,600 83.596	70,600 83,596

					Unaudited
				2022	2021
					8
Statement of Financial Activities: Investment income Depreciation Loss on disposal oftangible fixed		Net movement asset	in funds	168,140 (743) 6,190 805	189,226 (22) 6,358
Movemsnt Movement	in creditors in debtors			25,665 (11,372)	(18,993) (7,525)
Net cash	inflow from operating	activities		188,685	169,544

16	Analysis ofchange in	cash during the year	cash during the year			Unaudited
					2022	2021	Change
					8	E	8
	Cash at bank				451,125	291,555	159,570
					Unaudited	Unaudited
					2021	2020	Change
					8	8	8
	Cash at bank				291,555	160,111	131,444
17	Movement In funds
			Unaudited
			At1 Jan				At 31Dec
			2022	Income	Expenditure	Transfers	2022
			8	8	6	8	8
	Restricted funds
	Family sponsorship India Sierra Leone New Hope School Children's holiday camps Philippines Bibles Reach International Small grants Small other funds Virtual Shoeboxes Croft Mill Appeal Moldova		1 193 46,071 4,049 1,122 1,993 284 644 15,196	296,595 5,713 95,741 450 3,250 906 500 1,231 16,291 2,500	(173,952) (25,838) (76,284) (3,769) (3,685) (500) (455) (260) 1,546 ~8,275	6,021 19,496 7,291 406 (284) (17,649) 1,869	128,665 (436) 72,819 730 (435) 1,528 2,493 (49) 1,615 15,384 ~3,906
	Unrestricted funds		69,553	423177	291472	17150	218,408
	Fixed asset designated Free reserves	fund	87,663 132,031	- 720,821	(6,190) (678,196)	23,497 (40,647)	104,970 134,009
			219,694	720,821	684386	17,150	238,979
	Total funds		289247	1,143998	975858		457,387

		Tangible		Other
Yearwnd 31 December	2021 (unaudited)	Fixed assets	Cash at bank	Current assets	Long term Creditors	Total
Restricted funds Unrestricted funds		8	6 69,553	6		6 69,553
Fixed asset designated Free reserves	fund	67,663	222,002	(48,767)	(41,204)	87,663 132,031
		87663	291,555	48767	41,204	289247