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2021-03-31-accounts

		Page
Legal and administrative	information
Trustees report		2-21
Auditor's report		22-24
Statement offinancial activities		25
Balance sheet		26
Cash flow statement		27
Notes to the financial statements		28-36

Thematic Work Area	Thematic Work Area			Re resentative Brands	Re resentative Brands
1.	Employment	&,Enterprise		~	AFFORD Business	Centres		(ABC)
				~	RemitSkills (skills		development		&
					vocational trainin
2,	Investment			~	RemitPlus Project		Investment		Fund
					(bonds &, other	financial		instruments
					over f500,000)
				~	SME Growth &Jobs Fund			(investments
					under f500,000
3.	Engagement,	Network	Building Services	~	Diaspora Experience
				~	Return ofthe Icons
4.	Research, Learning &		Policy	~	AFFORD Institute

Name ofVolunteer/Intern	Start Date	End Date
Hannah Brice	20/10/2020	30/11/2020
Esther Ebimoghan	06/07/2020	31/10/2020
Mathilde Lopez	06/07/2020	30/10/2020
Cornelia Housein	19/06/2020	31/07/2020
Lidya Bekele	20/02/2020	31/07/2020
Samira Yusuf	01/03/2020	30/04/2020

					Unrestricted	Restricted	Total	Total
					Funds	Funds	2021	2020
				Notes				f
Income from:
Voluntary income
Donations and legacies					24,477		24,477	201
Income from charitable		activities
Relieving poverty	and advancement		ofeducation	3	80,211	250,879	331,090	287,518
Total Income					104,688	250,879	355,567	287,719
Ex enditure on:
Charitable activities
Relieving poverty	and advancement		ofeducation	4	43,102	528,371	571,473	748,409
Total Expenditure					43,102	528,371	571,473	748,409
Net income/(expenditure)					61,586	(277,492)	(215,906)	(460,690)
Transfers between	funds				(135,141)	135,141
Net movement in funds					(73,555)	(142,351)	(215,906)	(460,690)
Total funds brought	forward				21,366	121,315	142,681	603,371
Total funds carried forward					(52,189)	(21,036)	(73,225)	142,681

					2021	2020
Net income for the	reporting	period			(215,906)	(460,690)
Adjustments for:
(Increase)/decrease	in debtors				62,672	430,284
(Decrease)/increase	in creditors				(115,178)	8,622
Net cash provided	by/(used	in) operating		activities	(52,506)	438,906
Changes in cash in	the reporting		period		(268,412)	(21,784)
Cash at the beginning ofthe		period			282,493	304,277
Cash at the end of	the period				14,081	282,493
					(268,412)	(21,784)
Analysis ofcash and cash equivalents					Balance at	Balance at
					31March 2021	31March 2020
Cash in hand					14,081	282,493

2	DONATIONS AN	D LEGACIES
			Unrestricted	Restricted	2021	2020
			funds	funds
			f.
	Donations and gifts		24,477		24,477	201
3	INCOME FROM	CHARITABLE ACTIVITIES
			Unrestricted	Restricted	2021	2020
			funds	fundsf
	DFI —Comic Relief			18,281	18,281	135,045
	Adept —European	Union				4,981
	Small Grants		12,165	1,500	13,665	35,157
	Other income		67,456		67,456
	ABC Benin			170,323	170,323
	MADE					52,746
	Transleone			10,000	10,000
	ADG Noel Buxton					11,000
	ABC —membership	fees	590		590	1,750
	Return oficons			18,775	18,775	46,839
	Invest Salone			32,000	32,000
			80,211	250,879	331,090	287,518

4. EXPENDITURE ON C	HAR	ITAB	L	E ACTIVI	TIES
					Unrestricted	Restricted	2021	2020
					funds	funds
Charitable activities:
Relieving poverty and advancement			of
education
Staff salaries (note 7)					24,000	253,939	277,939	406,802
Direct project costs					11,949	92,301	104,250	241,965
Donations given					1,122	7,921	9,043	7,200
Grants made (net ofwithdrawals)						83,077	83,077	24,611
Support costs (note 5)					6,031	91,133	97,164	67,830
					43,102	528,371	571,473	748,409
							2021	2020
Grants made include grants to	the following			institutions:
Maambena Cultural and	Community			Project				6,500
Global Native								1,957
Experimental Christian	Ministries
								1,500
Other institutions &f.1,000							300	340
MDF West Africa							67,177
Transleone							8,000
Bunyoro Kita Development							2,600
Riana Development Network							2,700
HIRDA							2,300
							83,077	10,297
Net expenditure is stated after	charging:
Auditors' remuneration:
Audit ofthese financial		statements					6,300	6,856
Project audit							2,544

SUPPORT	COSTS
		2021	2020
Premises		53,295	8,454
Staffcosts		4,025	36,594
Office costs		12,864	3,398
Other costs		17,980	12,528
Governance	costs	9,000	6,856
		97,164	67,830


STAFFCOSTS	2021	2020
Wages and salaries	253,777	392,728
Social security costs	14,538	34,559
Pension costs	8,228	16,109
	276,543	443,396

full-time equivalent staff during the year was as	follows:
	2021	2020
	Number	Number
Charitable			10
Support			3
			13

8.	TANGIBLE FIXE	DAS	SETS
				Fixtures &
				Equipment	Total
	Cost
	At 31March 2021 and at		1 April 2020	12,536	12,536
	Depreciation
	At 31March 2021 and 1		April 2020	(12,536)	(12,536)
	Net BookValue
	At 31 March 2021
	At 31 March 2020
9.	DEBTORS			2021	2020
	Accrued income				38,786
	Other debtors			7,097	30,983
				7,097	69,769
10.	CREDITORS: amounts		falling due	2021	2020
	within one year
	Trade creditors			47,056	15,846
	Other tax and social security			6,629	7,907
	Accruals			35,146	33,000
	Deferred income			4,449	7,225
	Other creditors			1,123	92,703
	Grant commitments	(see	note 12)		52,900
				94,403	209,581

				Commitments
Payable	in	Commitments	at	entered into	Grants paid		Commitments	at
year		1stApril 2020		during the year,	in the year	Deferred	31stMarch 2021
				net ofcancellations
2020/21		52,900			(52,900)
		52,900			(52,900)
				Commitments
Payable	in	Commitments	at	entered into	Grants paid		Commitments	at
year		1stApril 2019		during the year,	in the year	Deferred	31stMarch 2020
				net ofcancellations
2019/20		158,025		(6,839)	(129,736)	(21,450)
2020/21				31,450		21,450	52,900
		158,025		24,611	(129,736)		52,900

			Unrestricted	Restricted	Total
			funds	fundsf	funds
Fund balances at 31 March 2021 as represented		by:
Current	assets		21,178		21,178
Current	liabilities		(73,367)	(21,036)	(94,403)
			(52,189)	(21,036)	(73,225)
			Unrestricted	Restricted	Total
			funds	funds	funds
Fund balances at 31 March 2020 as represented		by:
Current	assets		52,344	299,918	352,262
Current	liabilities		(30,978)	(178,603)	(209,581)
			21,366	121,315	142,681

Restricted Funds:
		At				At
		1April	Income	Expenditure	Transfers	31March
		2020				2021
DFI		59,312	18,281	(41,629)	(35,964)
ABC-Benin			170,323	(395,118)	194,596	(30,199)
Transalone/Invest	Salone		42,000	(8,000)	(34,000)
ADG		15,163	1,500	(7,500)		9,163
Return oficons		46,840	18,775	(76,124)	10,509
		121,315	250,879	528,371	135,141	(21,036)
Restricted Funds:
		At				At
		1April	Income	Expenditure	Transfers	31March
		2019				2020
DFI		566,476	135,045	(642,209)		59,312
ADEPT-SDC		(6,259)			6,259
DEMAC		8,399			(8,399)
ADG		7,163	10,000	(2,000)		15,163
MADE		24,672	52,745	(96,178)	18,761
Return oficons			46,840			46,840
		600,451	244,630	(740,387)	16,621	121,315

				Unrestricted	Restricted	Total
				Funds	Funds	2020
Income from:
Voluntary income
Donations and legacies				201		201
Income from charitable		activities
Relieving poverty	and advancement		ofeducation	42,888	244,630	287,518
Total Income				43,089	244,630	287,719
Er enditure on:
Charitable activities
Relieving poverty	and advancement		ofeducation	8,022	740,387	748,409
Total Expenditure				8,022	740,387	748,409
Net income/(expenditure)				35,067	(495,757)	(460,690)
Transfers between	funds			(16,621)	16,621
Net movement in funds				18,446	(479,136)	(460,690)
Total funds brought	forward			2,920	600,451	603,371
Total funds carried forward				21,366	121,315	142,681