| Reference and Administrative | Reference and Administrative | Details ofthe Company, | iver Trustees and Advisers | Page |
|---|---|---|---|---|
| Trustees' Report | 2-10 | |||
| Independent Auditors' |
Report | on the Financial Statements | 11-14 | |
| Statement of Financial | Activities | 16 | ||
| Balance Sheet | ||||
| Statement ofCash Flows | 17 | |||
| Notes tothe Financial | Statements | 18-34 |
| ALBERllNE | RIFT | RIFT | CONSERVATION | SOCIETY | ||
|---|---|---|---|---|---|---|
| REFERENCE AND | ADMINISTRATIVE DETAILS OF THE COMPAI4Y, ITSTRUSTEES AND ADVISERS FOR TNE YEAR ENDED 31DECEMBER 2021 |
|||||
| Or Adrie Mukashema |
||||||
| Or Brigiite Nyirambangutse | ||||||
| Dr Charles Kahindo | Muzusa Ngsbo | |||||
| Mr E lie Nizeyimano | ||||||
| OrJane Bemigisha | ||||||
| Mr John Salehe | ||||||
| Or Victor Nyarangi | Kemro | |||||
| Mrs Wivine Ntamubano | (resigned 4August | 2022) | ||||
| Company | registered | |||||
| number | 04103967 | |||||
| Charity registered | ||||||
| number | 1102123 | |||||
| Registered | oftlce | C/0 Birdlife International | ||||
| The David Attenborough Cambddge |
Buikfing, Pembroke | Street | ||||
| CB23QZ | ||||||
| Company | secretary | Dr Sam Kanysmlbwa | ||||
| Auditor | Peters Elworthy &Moore |
|||||
| Chartered Accountants Salisbury House |
and Rstutory Auditors | |||||
| Station Road | ||||||
| Cambridge | ||||||
| CB1 2LA | ||||||
| Bankers | Bank of Kigai | |||||
| KN 4Ave | ||||||
| No12 Plot No 790 | ||||||
| Kigall | ||||||
| Rwanda | ||||||
| Barclsys Bank Pic | ||||||
| Barckrys Cambridge | ||||||
| Cambridge | ||||||
| United Kingdom | ||||||
| CB23AX |
| As resisted | ||||||
|---|---|---|---|---|---|---|
| Unaudited | ||||||
| 2021 | 2020 | |||||
| 5 | 9 | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating | activities | 13 | 339,824 | 203,035 | ||
| Cash flows from investing | activities | |||||
| Proceeds from the sale oftangible fixed |
assets | 361,796 | ||||
| Purchase oftangible fixed assets | (15,900) | (433.122) | ||||
| Income from investments | 28,371 | 1,150 | ||||
| Net cash used in Investing | activtges | 4~71 | (50,178) | |||
| Change in cash and cash |
equivalents | in | the year | 344,295 | 152,859 | |
| Cash snd cash equivalents | at the beginning | ofthe year | 183,805 | 30,746 | ||
| Cash and cash equhralents | at the end of | the year | 14 | 527,900 | 163,605 | |
| The notes on pages 18to34form pari ofthese financial statements |
| As restated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestdcted | Total | Total | ||||||||
| funds | funds | funds | funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||||
| $ | $ | 6 | |||||||||
| Membership | -Donations | 1,636 | 1,636 | ||||||||
| Grants | 1,445,168 | 1W6,168 | 849,885 | ||||||||
| 1,445,168 | 1,636 | 1,448,804 | 849,885 | ||||||||
| Total 2020as | restated | 849,885 | 849,885 | ||||||||
| Grants received compdses | |||||||||||
| As restated | |||||||||||
| Restricted | Total | Total | |||||||||
| funds | funds | funds | |||||||||
| 2021 | 2021 | 2020 | |||||||||
| 8 | 8 | 3 | |||||||||
| Core | 4,731 | ||||||||||
| Eco-School | 86,868 | 86,868 | 82,561 | ||||||||
| EcoAgriculture | International | 885 | |||||||||
| Foundation | Audemars-Waikins | (FAW) | 78,068 | 78,068 | |||||||
| Global Nature | Fund (GNF) | 2,296 | 2,296 | ||||||||
| JRS | 39.000 | 39,OOO | 82,000 | ||||||||
| Livelihood | 978,887 | 978,887 | 623,387 | ||||||||
| One Tree Planted | 127,990 | 127,990 | 39,995 | ||||||||
| Seinebury's | 11,386 | ||||||||||
| Sustainable | Development | Goals Partnership | (SDGP) | 46385 | |||||||
| STIFTThe | Stockhrsm | Movement | 4,940 | ||||||||
| United Nations | Environment | Programme | (UNEP) | 85,574 | 85,574 | ||||||
| Total 2021 | 1,445,168 | 1,445,168 | 849,885 | ||||||||
| ' | |||||||||||
| Total 2020as | restated | 849,885 | 849,885 |
| As restated | ||||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| 0 | 0 | 8 | ||
| Rental Income | 9,000 | 0,000 | 1,150 | |
| Investment | Income | 11371 | 11,371 | |
| 20,371 | 20,37'I | 1.150 | ||
| Total 2020 | as restated | 1,150 | 1,150 |
| '0 O Ct N ~O |
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IQ I I ID |
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| R | UI | |||||||||||||||||||
| Z Z I ID |
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|||||||||||||||||
| P. | ||||||||||||||||||||
| o | ||||||||||||||||||||
| C Ct |
U. 0 U. I- Z a |
p, IL e N C 0 e NN |
E0 N |
P | I |
| Restricted | Restricted | Unrestricted | 2021 | As restated 2020 |
||||
|---|---|---|---|---|---|---|---|---|
| Audit and Accountancy Bank Charges Depreciation Foreign Exchange Office costs (Prcfit)/Loss on disposal |
Cost offixed |
assets | 13,130 5,518 35,512 55.357 29,992 |
13,130 s,ste 35,512 55,357 29,992 |
6,037 4,sse 7,097 43,907 26,022 |
|||
| Staffcosts Total |
~II 3 ~3$$1733~1$ $a |
(291,606) ~3$1 ~I~II 3:3 |
||||||
| Auditors' remuneration |
||||||||
| As restated | ||||||||
| 2021 | 2020 | |||||||
| Fees payable tothe Company's annual accounts |
auditor | for ths audit of | the Company's | 5 | $ | |||
| Fees payable to the Company's Independent examination fee |
auditor | in respect of: | 9,675 | |||||
| /MI non-audit services not |
induded | above | 3,637 | |||||
| 3,455 | 2,400 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Wages | and salaries | $ | $ |
| Social | securities, pension, medical and other (Non-UK) | 388486 19,321 |
327,303 20,915 |
| 408,607 | 348,218 |
| Cost or valuagon | Land and Bulldmg 8 |
Motor vehides 8 |
Office equipment |
Computer equipment 8 |
Total 5 |
|---|---|---|---|---|---|
| At 1 January 2021 (as | |||||
| previously stated) Prior Veer Adjustment |
124,462 36,26D |
151,767 (9,817) |
12,093 4,383 |
33,725 21,374 |
322,047 52,200 |
| At 1 January 2021 {as restated) Additions |
160,722 250,000 |
141.95D | 18/76 8,050 |
55,099 7,850 |
374,247 285,g00 |
| AI31 Decembar2021 | 410,722 | 141,950 | 24,526 | 62,949 | 640,147 |
| Depreciation | |||||
| At1 January2021 (as |
|||||
| previously stated) Prior Year Adjustment |
7,589 11,768 |
12,093 2,502 |
32,'724 13,032 |
52,406 27,302 |
|
| At 1 January 2021 (as restated) Charge forthe year |
5,807 | 19,357 19,357 |
14,595 3,060 |
45,756 7,288 |
79,708 35,512 |
| At 31December 2021 | 5,807 | 38,714 | 17,655 | 53,044 | 115,220 |
| Net book value | |||||
| At 31December 2021 | 404,915 | 103,238 | 6,871 | 9,905 | 524,927 |
| As restated at 31 December |
|||||
| 2020 | 160,722 | 122,593 | 1.661 | 9,343 | 294,539 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Due within one year | $ | $ | |
| Other debtors | |||
| Prepaymenis | snd accrued income | 17,279 32,569 |
301,408 |
| 49,848 | 301,408 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Trade creditors | $ | $ | |
| Other taxation Other creditors |
and social security | 39,172 44,433 |
11,004 54,596 |
| Accruals and deferred income | 46,712 &,586 |
53,524 62,163 |
|
| 195,903 | 181,287 |
| 2621 | 2020 | ||||
|---|---|---|---|---|---|
| Resources Foundation |
deferred during the Audemars-Watkins |
year- (FAW} |
project | 85,586 | $ |
| As restated | As restated | |||
|---|---|---|---|---|
| balance at | balance at | |||
| Unrestricted funds |
1January 2020 |
As restated Income 8 |
As restated Expenditure |
31 December 2020 |
| General Funds -all funds | 51,013 | 1,150 | 188,302 | 220,465 |
| Restricted funds | ||||
| Restricted Funds (See note 19) |
49,458 | 849,886 | (521,544) | 377,800 |
| Total offunds | 100.471 | 851.036 | {353,242) | 598,265 |
| Restricted funds 2021 |
Unrestricted funds 2021 |
Total funds 2021 |
||
|---|---|---|---|---|
| Tangible | lixed assets | 8 | 3 | 8 |
| Current | assets | 103,236 | 421,691 | 524,927 |
| Creditors | due within one year | 775,597 (195,903) |
(197,849) | 577,748 (195,903) |
| Total | ||||
| 682,930 | 223,842 | 908,772 |
| Restricted funds As Restated 2020 |
Unrestricted funds As Restated 2020 |
Total funds As Restated 2020 |
||
|---|---|---|---|---|
| Tangible | fixed assets | $ | $ | $ |
| Current | assets | 122,593 | 17'I,945 | 294,539 |
| Creditors | due within one year | 436,494 (181,287) |
48,519 | 485,013 (181,287) |
| Total | 377,800 | 220,465 | 598,265 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 3 | $ | ||||
| Net income | for the year (as per Statement ofFInandsl AcBvitles) | 308,507 | 497,794 | ||
| Adjustments | for. | ||||
| Depreciation | charges | ||||
| Decrease/(increase) | in debtors | 35,512 | 7,097 | ||
| Increase in creditors |
1,560 | (44,903) | |||
| Profit on the | sales of | fixed assets | 14,616 | 55,970 | |
| Income from | investment | (3'I1,773) | |||
| tfet cash provided by operating | activities | (20,371) 339,824 |
(1,150) 203,035 |
||
| Analysis ofcash and cash equivalents | |||||
| 2021 | 2020 | ||||
| Cash in hand | $ | 3 | |||
| 627,900 | 183,B05 | ||||
| Total cash and cash equivalents | |||||
| 527,900 | 183,605 |
| Reference and Administrative | Reference and Administrative | Details ofthe Company, | iver Trustees and Advisers | Page |
|---|---|---|---|---|
| Trustees' Report | 2-10 | |||
| Independent Auditors' |
Report | on the Financial Statements | 11-14 | |
| Statement of Financial | Activities | 16 | ||
| Balance Sheet | ||||
| Statement ofCash Flows | 17 | |||
| Notes tothe Financial | Statements | 18-34 |
| ALBERllNE | RIFT | RIFT | CONSERVATION | SOCIETY | ||
|---|---|---|---|---|---|---|
| REFERENCE AND | ADMINISTRATIVE DETAILS OF THE COMPAI4Y, ITSTRUSTEES AND ADVISERS FOR TNE YEAR ENDED 31DECEMBER 2021 |
|||||
| Or Adrie Mukashema |
||||||
| Or Brigiite Nyirambangutse | ||||||
| Dr Charles Kahindo | Muzusa Ngsbo | |||||
| Mr E lie Nizeyimano | ||||||
| OrJane Bemigisha | ||||||
| Mr John Salehe | ||||||
| Or Victor Nyarangi | Kemro | |||||
| Mrs Wivine Ntamubano | (resigned 4August | 2022) | ||||
| Company | registered | |||||
| number | 04103967 | |||||
| Charity registered | ||||||
| number | 1102123 | |||||
| Registered | oftlce | C/0 Birdlife International | ||||
| The David Attenborough Cambddge |
Buikfing, Pembroke | Street | ||||
| CB23QZ | ||||||
| Company | secretary | Dr Sam Kanysmlbwa | ||||
| Auditor | Peters Elworthy &Moore |
|||||
| Chartered Accountants Salisbury House |
and Rstutory Auditors | |||||
| Station Road | ||||||
| Cambridge | ||||||
| CB1 2LA | ||||||
| Bankers | Bank of Kigai | |||||
| KN 4Ave | ||||||
| No12 Plot No 790 | ||||||
| Kigall | ||||||
| Rwanda | ||||||
| Barclsys Bank Pic | ||||||
| Barckrys Cambridge | ||||||
| Cambridge | ||||||
| United Kingdom | ||||||
| CB23AX |
| As resisted | ||||||
|---|---|---|---|---|---|---|
| Unaudited | ||||||
| 2021 | 2020 | |||||
| 5 | 9 | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating | activities | 13 | 339,824 | 203,035 | ||
| Cash flows from investing | activities | |||||
| Proceeds from the sale oftangible fixed |
assets | 361,796 | ||||
| Purchase oftangible fixed assets | (15,900) | (433.122) | ||||
| Income from investments | 28,371 | 1,150 | ||||
| Net cash used in Investing | activtges | 4~71 | (50,178) | |||
| Change in cash and cash |
equivalents | in | the year | 344,295 | 152,859 | |
| Cash snd cash equivalents | at the beginning | ofthe year | 183,805 | 30,746 | ||
| Cash and cash equhralents | at the end of | the year | 14 | 527,900 | 163,605 | |
| The notes on pages 18to34form pari ofthese financial statements |
| As restated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestdcted | Total | Total | ||||||||
| funds | funds | funds | funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||||
| $ | $ | 6 | |||||||||
| Membership | -Donations | 1,636 | 1,636 | ||||||||
| Grants | 1,445,168 | 1W6,168 | 849,885 | ||||||||
| 1,445,168 | 1,636 | 1,448,804 | 849,885 | ||||||||
| Total 2020as | restated | 849,885 | 849,885 | ||||||||
| Grants received compdses | |||||||||||
| As restated | |||||||||||
| Restricted | Total | Total | |||||||||
| funds | funds | funds | |||||||||
| 2021 | 2021 | 2020 | |||||||||
| 8 | 8 | 3 | |||||||||
| Core | 4,731 | ||||||||||
| Eco-School | 86,868 | 86,868 | 82,561 | ||||||||
| EcoAgriculture | International | 885 | |||||||||
| Foundation | Audemars-Waikins | (FAW) | 78,068 | 78,068 | |||||||
| Global Nature | Fund (GNF) | 2,296 | 2,296 | ||||||||
| JRS | 39.000 | 39,OOO | 82,000 | ||||||||
| Livelihood | 978,887 | 978,887 | 623,387 | ||||||||
| One Tree Planted | 127,990 | 127,990 | 39,995 | ||||||||
| Seinebury's | 11,386 | ||||||||||
| Sustainable | Development | Goals Partnership | (SDGP) | 46385 | |||||||
| STIFTThe | Stockhrsm | Movement | 4,940 | ||||||||
| United Nations | Environment | Programme | (UNEP) | 85,574 | 85,574 | ||||||
| Total 2021 | 1,445,168 | 1,445,168 | 849,885 | ||||||||
| ' | |||||||||||
| Total 2020as | restated | 849,885 | 849,885 |
| As restated | ||||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| 0 | 0 | 8 | ||
| Rental Income | 9,000 | 0,000 | 1,150 | |
| Investment | Income | 11371 | 11,371 | |
| 20,371 | 20,37'I | 1.150 | ||
| Total 2020 | as restated | 1,150 | 1,150 |
| '0 O Ct N ~O |
CD O |
~ ID |
ID t g ID P) at |
I N ID |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| NO | O ID |
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|||||||||||||||||
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Fg | CD 0 40 |
IQ I I ID |
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| R | UI | |||||||||||||||||||
| Z Z I ID |
I UI N p aa Z4 |
OOT7 e e 0 om |
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|||||||||||||||||
| P. | ||||||||||||||||||||
| o | ||||||||||||||||||||
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U. 0 U. I- Z a |
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P | I |
| Restricted | Restricted | Unrestricted | 2021 | As restated 2020 |
||||
|---|---|---|---|---|---|---|---|---|
| Audit and Accountancy Bank Charges Depreciation Foreign Exchange Office costs (Prcfit)/Loss on disposal |
Cost offixed |
assets | 13,130 5,518 35,512 55.357 29,992 |
13,130 s,ste 35,512 55,357 29,992 |
6,037 4,sse 7,097 43,907 26,022 |
|||
| Staffcosts Total |
~II 3 ~3$$1733~1$ $a |
(291,606) ~3$1 ~I~II 3:3 |
||||||
| Auditors' remuneration |
||||||||
| As restated | ||||||||
| 2021 | 2020 | |||||||
| Fees payable tothe Company's annual accounts |
auditor | for ths audit of | the Company's | 5 | $ | |||
| Fees payable to the Company's Independent examination fee |
auditor | in respect of: | 9,675 | |||||
| /MI non-audit services not |
induded | above | 3,637 | |||||
| 3,455 | 2,400 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Wages | and salaries | $ | $ |
| Social | securities, pension, medical and other (Non-UK) | 388486 19,321 |
327,303 20,915 |
| 408,607 | 348,218 |
| Cost or valuagon | Land and Bulldmg 8 |
Motor vehides 8 |
Office equipment |
Computer equipment 8 |
Total 5 |
|---|---|---|---|---|---|
| At 1 January 2021 (as | |||||
| previously stated) Prior Veer Adjustment |
124,462 36,26D |
151,767 (9,817) |
12,093 4,383 |
33,725 21,374 |
322,047 52,200 |
| At 1 January 2021 {as restated) Additions |
160,722 250,000 |
141.95D | 18/76 8,050 |
55,099 7,850 |
374,247 285,g00 |
| AI31 Decembar2021 | 410,722 | 141,950 | 24,526 | 62,949 | 640,147 |
| Depreciation | |||||
| At1 January2021 (as |
|||||
| previously stated) Prior Year Adjustment |
7,589 11,768 |
12,093 2,502 |
32,'724 13,032 |
52,406 27,302 |
|
| At 1 January 2021 (as restated) Charge forthe year |
5,807 | 19,357 19,357 |
14,595 3,060 |
45,756 7,288 |
79,708 35,512 |
| At 31December 2021 | 5,807 | 38,714 | 17,655 | 53,044 | 115,220 |
| Net book value | |||||
| At 31December 2021 | 404,915 | 103,238 | 6,871 | 9,905 | 524,927 |
| As restated at 31 December |
|||||
| 2020 | 160,722 | 122,593 | 1.661 | 9,343 | 294,539 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Due within one year | $ | $ | |
| Other debtors | |||
| Prepaymenis | snd accrued income | 17,279 32,569 |
301,408 |
| 49,848 | 301,408 |
| As restated | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Trade creditors | $ | $ | |
| Other taxation Other creditors |
and social security | 39,172 44,433 |
11,004 54,596 |
| Accruals and deferred income | 46,712 &,586 |
53,524 62,163 |
|
| 195,903 | 181,287 |
| 2621 | 2020 | ||||
|---|---|---|---|---|---|
| Resources Foundation |
deferred during the Audemars-Watkins |
year- (FAW} |
project | 85,586 | $ |
| As restated | As restated | |||
|---|---|---|---|---|
| balance at | balance at | |||
| Unrestricted funds |
1January 2020 |
As restated Income 8 |
As restated Expenditure |
31 December 2020 |
| General Funds -all funds | 51,013 | 1,150 | 188,302 | 220,465 |
| Restricted funds | ||||
| Restricted Funds (See note 19) |
49,458 | 849,886 | (521,544) | 377,800 |
| Total offunds | 100.471 | 851.036 | {353,242) | 598,265 |
| Restricted funds 2021 |
Unrestricted funds 2021 |
Total funds 2021 |
||
|---|---|---|---|---|
| Tangible | lixed assets | 8 | 3 | 8 |
| Current | assets | 103,236 | 421,691 | 524,927 |
| Creditors | due within one year | 775,597 (195,903) |
(197,849) | 577,748 (195,903) |
| Total | ||||
| 682,930 | 223,842 | 908,772 |
| Restricted funds As Restated 2020 |
Unrestricted funds As Restated 2020 |
Total funds As Restated 2020 |
||
|---|---|---|---|---|
| Tangible | fixed assets | $ | $ | $ |
| Current | assets | 122,593 | 17'I,945 | 294,539 |
| Creditors | due within one year | 436,494 (181,287) |
48,519 | 485,013 (181,287) |
| Total | 377,800 | 220,465 | 598,265 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 3 | $ | ||||
| Net income | for the year (as per Statement ofFInandsl AcBvitles) | 308,507 | 497,794 | ||
| Adjustments | for. | ||||
| Depreciation | charges | ||||
| Decrease/(increase) | in debtors | 35,512 | 7,097 | ||
| Increase in creditors |
1,560 | (44,903) | |||
| Profit on the | sales of | fixed assets | 14,616 | 55,970 | |
| Income from | investment | (3'I1,773) | |||
| tfet cash provided by operating | activities | (20,371) 339,824 |
(1,150) 203,035 |
||
| Analysis ofcash and cash equivalents | |||||
| 2021 | 2020 | ||||
| Cash in hand | $ | 3 | |||
| 627,900 | 183,B05 | ||||
| Total cash and cash equivalents | |||||
| 527,900 | 183,605 |