| Page | |
|---|---|
| Referenceand administrative details of the Company, its Trusteesandadviserc | 1 |
| Trustees'report | 2-5 |
| lndependent examiner's report | 6 |
| Statement offinancial activities | 7 |
| Balancesheet | I |
| Statement of cashflows | I |
| Notestothefinancialstatements | 10-22 |
| Restricted Unrestricted |
Restricted Unrestricted |
Total | Totat | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2423 | 2923 | 2023 | 2022 | ||
| Note | E | E | E | E | |
| lncomefrom: Donationsand legacies lnvestments |
3 4 |
633,965 | 93,075 13 |
727,440 13 |
633,906 2 |
| Totalincome | 633,965 | 93,088 | 727,053 | 634908 | |
| Expenditure on: Charitable activities |
5 | 579,612 | 4A,17? | 613,785 | 504,111 |
| Total expenditure | 5?3,S12 | 40,1?3 | 613,785 | 500'111 | |
| Netmovementinfunds | 60,353 | 52,9{5 | 1{3,268 | 133,797 | |
| rE:# #;ffi:=::=re |
|||||
| Reconciliationof funds: Total funds brought forward Netmovementinfunds |
333,406 50,353 |
110,758 52,9{5 |
M4,174 {13,268 |
310,377 133,797 |
|
| Totalfundscarriedfonrard | 393,759 | {63,683 | 557,42 | 444,174 | |
| # :!=@:!a=#:!r=::!: |
| Note | 2A23 g |
2A22 t |
|||
|---|---|---|---|---|---|
| Fixedassets | |||||
| Tangible assets | 10 | 5'13 | 684 | ||
| 513 | 684 | ||||
| Gurentassets | |||||
| Debtors | 11 | 7,549 | 4,916 | ||
| Cash atbankand in hand | 552,424 | 444,819 | |||
| 559,573 | 449,735 | ||||
| Creditors: amountsfalling duewithinone year |
12 | (2,645I | (6,245) | ||
| Netcurrentassets | 556,928 | 443,490 | |||
| Tota! assets lesscurrent liabilities | 557,41 | 444,174 | |||
| Totalnetassets | ttt-aa | 444,174 | |||
| Charityfunds | |||||
| Restrictedfunds | 14 | 393,759 | s33,40$ | ||
| Unrestricted funds | 14 | {63,682 | 110,768 | ||
| Totalfunds | 557,Ml | 444,174 |
| FORTHE YEAR ENDED 31 DECEMBER | 2023 | ||
|---|---|---|---|
| 2423 | 2022 | ||
| € | + | ||
| Gashflaw*fromoperatingactivities | |||
| Netcash usedinoperating activities | 107,205 | 130,59A | |
| Cashflornsfrom investing activities | |||
| Netcashprovidedbyinvesting activities | |||
| Cashflowsfromfinancing activities | |||
| Netcashprovidedbyfinancing aetivities | |||
| Changein cash and cash equivalentsinthe year | 107,205 | {30,590 | |
| Cash andcash equivalentsatthebeginning of theyear | 444,819 | 314,239 | |
| Gashand caehequivalenhattheendof tfie year | 552,O24 | 444,819 | |
| : | |||
| The notes on pages10to22formpart ofthese financial statements |
| Restricted Unrestricted funds funds 2A23 2023 t€ |
Restricted Unrestricted funds funds 2A23 2023 t€ |
Total funds 2023 s |
|
|---|---|---|---|
| Donations | 35,297 | 24,912 | 50,209 |
| Grants | 598,668 | 68,163 | 666,831 |
| *3traa | ,3'r* | ?rr,Afl | |
| Resfricfed Unrestricted |
Total | ||
| funds | funds | funds | |
| 2022f | 2022 €. |
2022f | |
| Donations | 55,635 | v,212 | 62,847 |
| Grants | 507,050 | 64,A09 | 571,A59 |
| 56a685 | 71,221 | 633,906 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 € |
2023f | |
| lnvestment income-bank interest | 13 | 13 |
| Unrestricted | Total | |
| funds | funds | |
| 2022t | 2022 2 |
|
| lnvestment income-bank interest | 2 | 2 |
| RestrictedUnrestricted funds funds 2423 202? €[ |
Total 2A23 A |
|
|---|---|---|
| Direct costs-fieldandproject costs | 573,612 4A,173 | 613,785 |
| Resfrbfed | Unrestricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2022 E |
2022f | 2022 f. |
|
| Direct costs field and project costs | 517,184(17,073) | 504i11 |
| Aetivities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2423 e |
2023f | 2023 g |
|
| Costsof charitable activities | 593,269 20,517 | 613,786 | |
| Activifrbs | |||
| undertaken | Supporl | Total | |
| directty | cosfs | funds | |
| 2022f | 2022f | 2022 € |
|
| Costsofcharitable activities | 460,880 | 39,231 | 50A,'tI |
| Analysis ofsupport costs | |||
| Ministry | Total | ||
| Activities | funds | ||
| 2A23t | 2023I | ||
| $upport costs | 20,346 | 20,346 | |
| Governance casts-depreciation | 171 | 171 | |
| 20,517 | 20,517 |
||
| - | |||
| Minr'sfn'es | Total | ||
| AcfiVitr'es | funds | ||
| 2422f | 2422t | ||
| Support costs | 39,A43 | 39,003 | |
| Govemance costs-depreciation | 228 | 228 | |
| 39,231 | 39,231 |
| lndependentexaminer'sremuneration | ||
|---|---|---|
| 2423 t |
2022 f |
|
| Feespayable tothe Company's independent examinerfortheindependent examinationof theCompany'sannualaccounts |
4,250 | 3,600 |
| Staffcosts | ||
|---|---|---|
| 2023 g |
2022 f |
|
| Wagesandsalaries | 71,827 | 61,413 |
| Socialsecuritycosts | 5 | 498 |
| Contributiontodefined contributionpensionschemes | 2,732 | 2,594 |
| 74,564 | 64,505 |
| The average numberofpersons employedbytheCom | panyduringthe yearwasasfollows: | |
|---|---|---|
| 2A23 | 2022 | |
| No. | No- | |
| Projectstaff Administratiop |
6 I |
6 1 |
| 7 | 7 |
| 10. | Tangible fixed assets | |||
|---|---|---|---|---|
| Office | Technical | |||
| equipmentt | equipmentt | Total f |
||
| Cost orvaluation | ||||
| At1January 2023 | 4,472 | 9,{99 | 13,670 | |
| At31December2023 | 4,472 | 9,198 | 13,670 | |
| Depreciation | ||||
| At1January2023 Charge fortheyear |
3,884 f71 |
9,103 * |
12,$97 171 |
|
| At31December2023 | 4,055 | 9,t03 |
13,159 | |
| Netbook value | ||||
| At31December2023 | 417 | 95 | 512 | |
| At31December2022 | 588 | 96 | 684 | |
| 11. | Debtors | |||
| 2423 | 2022 | |||
| € | L | |||
| Duewithinoneyear | ||||
| Prepayments and accrued income | 7,549 | |||
| Tax recoverable | 4,916 | |||
| 7,549 | 4,916 | |||
| 12. | Greditors: Amountsfallingduewithinoneyear | |||
| 2423 | 2022 | |||
| E | € | |||
| Other creditors | 2,645 | a 645 |
||
| Accrualsanddefened income | 600 3, |
|||
| 2,645 | 6,245 |
| 2023 t |
2422 E |
||
|---|---|---|---|
| Financial | assets | ||
| Financial | as$ets measuredatfairyaluethrough incomeandexpenditure | 552,024 | 444,819 |
| $tatementoffunds-curentye | ar | |||
|---|---|---|---|---|
| BalanceatI | Balance at 31 |
|||
| January | December | |||
| 2023 € |
lncorneExpenditure f8 |
2423I | ||
| Unrestrictedfunds | ||||
| GeneralFunds | 110,768 | 93,087 | (i!0,173){63,882 | |
| Restrictedfunds | ||||
| NorthAfrica | 135,{35 | 256,506 | 1234,3171 | 157,324 |
| MiddleEast | 3,000 | 2,700 | (3,000) | 2,700 |
| GentralAsia | 26,728 | 151,799 | 1141,789t. | 36,737 |
| ArabianPeninsula | 4,521 | 14,5211 | ||
| Orphanfund | 5,059 | 10,131 | (9,371'l | 5,819 |
| Capacityfund | 84,098 | 196,587 | $42,4AAl | 138,285 |
| Other | 79,385 | 11,722 | (38,214) | 52,994 |
| 333,406 | 633,965 | (573,6,t2)393,759 | ||
| Totaloffunds | wt,174 | 727,052 | {6{3,795)557,M1 |
| $tatementof funds-prior y | ear | |||||
|---|---|---|---|---|---|---|
| Ealanceat | ||||||
| Balaneeat | 31 | |||||
| IJanuary | Iransfers | December | ||||
| 2022{ | lncomeExpendituref f |
in/out € |
2022 BL |
|||
| Unrestrictedfunds | ||||||
| Designatedfunds | ||||||
| Designated Funds | 2,115 | {2,115) | ||||
| Generalfunds | ||||||
| GeneralFunds | 46,621 | 71,223 (22,179) | 15,fi3 | 11A,768 | ||
| TotalUnrestrictedfunds | 48,736 | 71,223 (22,179) | 12,988110,768 | |||
| Restrictedfunds | ||||||
| RestrictedFunds-allfunds | 261,641 | 56a | 685(477,932) | (12,988)333,406 | ||
| Totalof funds | 310,377 | 633,908fi01,111) | - |
444,174 | ||
| : | =::E@38.@@ | @g=: |
| $ummary offunde-current y | ear | ||
|---|---|---|---|
| Balance at | |||
| Balance atI | 31 | ||
| January | December | ||
| 2423 C |
lncomeExpenditure ft |
2023 € |
|
| Generalfunds Restricted funds |
,10,768 333,406 |
93,087{40,{73} 633,965(573,812) |
163,682 393,759 |
| M4,174 | 727,452 (613,785)557,41 |
||
| :!: |
| Summary offunds-prior | year | ||||
|---|---|---|---|---|---|
| Balanceat | |||||
| Balanceat | 31 | ||||
| IJanuary | Iransfers | December | |||
| 2422t | lncomeExpenditure ft |
in/oulf | 2022{ | ||
| Designated funds | 2,115 | (2,115) | |||
| Generalfunds | 46,621 | 71,223 | (22,179) | 15,103 | 110,768 |
| Restrictedfunds | 261,641 | 562,685 | {477,s32) | (12,988) | 333,406 |
| s10,37V | 633,908pA0,111) | * |
444,174 |
| Analyeis ofnetassebbetweenfunds Analysisofnetassets between funds-current year |
|||
|---|---|---|---|
| RestrictedUnrestrlcted funds funds 2A23 2A2' e€ |
Total funds 2423 E |
||
| Tangible fixed assets | |||
| Current assets Creditorsduewithinoneyear |
agr,zsg - |
,6u,:;: (2,645) |
,r*;: (2,645) |
| Total | 393,759 | 163,682 | 557,41 |
| Analysis ofnetassets between funds -prioryear | |||
| Unrestricted Restnbfed |
Total | ||
| funds | funds | funds | |
| 2022f | 2022 E |
2022f | |
| Tangible fixed assets | 684 | 684 | |
| Cunent assets | 333,406 | 116,329 | 449,735 |
| Creditorsduewithin one year | {6,245) | (6,245) | |
| Total | 333,406 | 110,768 | 444,174 |
| Reconciliation ofnetmovement infundstonetcashflow ftomoper | atingactivities | |
|---|---|---|
| 2A23f | c 2022 |
|
| Netincomefortheyear{asperStatement ofFinancialActivities) | 113,268 | 133,797 |
| Adjustments for: Depreciation charges |
171 | 228 |
| lncreasein debtors Decreaseincreditors |
{2,63,1} (3,600) |
(158) (3,287) |
| Netcash providedbyoperatingactivities | 107,205130,580 |
| Analysisof cashandcash equivalents | ||
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Cash inhand | 552,424 | 444,819 |
| Totalcash and cash equivalents | 552,024 | 444,819 |
||At,||||At3t| |---|---|---|---|---| ||January|||December| ||2423|Cashflows||2023| ||f||E|E| |Cash atbankandin hand|4p,4,819||,l07,205|552,024| ||M4,819||107,205552,024||