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|||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|
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|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|||||
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|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|
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||||||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|
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||||||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|
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|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|
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|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||
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|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|
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|---|---|---|
|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|
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|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|
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|||||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||
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||||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|
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|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|
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|||||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|