researeh and knowledge at the be8rt of &&elopmellt inasp Company number.. 04919576 Charity Number.. 110S349 International Network for Advancing Science and Policy Ltd Report andfinancial statementsfor the year ended 31 December 2023
International Network for Advancing Science and Policy Ltd Trusteès Report for the year trndod 31 De¢embor 2023 Contents Reference and administrative infornialion Trustees, annual report 2-11 Independent auditorfs report 12-14 statement of financial activities (incorporating an income and expendrture account) ..................................... Balance sheet .16 Statement of cash flows ................................................................................................................................... Notes lo the financial statements 1&26
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Reference and administrative information Company namg: Intemational NeOrk for Advanang Science and Policy Ltd IINASPI Company number 04919576 Charity numbar 1106349 Rogisternd office and operational addrtrss The Old Music Hall. 10&108 coeY Road, Oxford, OX4 1JE Trustsos Trustees. vtho a also directors under company law. who served during the year and up to the dale of this report were as follows.. Louise Shaxson Julian Mason Iresigne(J March 20231 Judy Omumbo Eleanor Sarpong Mayyada Abu Jaber Simon Kay Iieoma Ihuegbu 1ap'nted February 20231 Koy managoment staff John Young. Exe¢ulive Director Irelired 31 December 20231 Jonathan Harte, Director of Programmes Les Haynes, Finare Director Banker¥ Nabonal Westminster Bar4¢ 43 Commarket St Oxford OX1 3HA Audltor Wenn Townsend Chartered Accountants 30 St Giles Oxford OX1 3LE
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Trustees Report The Iruslees present their rew)rt and the audrted financial statements for the year ended 31 December 2023. The reference and adrnini51ratsve information sel out on page 1 forms part of this report. The financial stslements comply with Curn1 statutory reqU1Ments. the memorandum and aCleS of associaln and the Statement of Recommended Practice- Accounting and Reporting by charits.. SORP applicable lo charibes preparing their accounts in èccordan¢e wrth FRS 102. INASP Vision and Mission Our vision.. Research and knowledge at the heart of development Our mission.. To support individuals and institutions to produce. share and use research and knowledge, which can transform lives. INASP Values We are a values-dnven organis81ion. Our values reflect our commrtmenl to equity, respecting others, ath'ng with integrrty. openness and Iransparenw and provide a lens for our work, both inside and outside of the organisalion.. Our values are.. In It togothfrr: We collaborate our parthers and those we serve to understand where we are needed, and the expertise that each party brings to the table. We co-design and co develop solutions as teams. We speak up when needed and are equally open lo being challenged by others. Together, we leam and evolve. Making chango last: Lasting change is our goal. We aim for a destination where we are no longer needed. and work hand in hand with our partners lo gel there. We are bold and try new ideas as an integral part of learning what works. Every voice counts: Everyone has a contribution to make and is listened lo with deepest attention. We embrace differences and believe that divefsity makes our understanding of the world more robust. We recognise the innate worth of all people and actively seek to address issues of power and equity wlhin our work. Dolng thSngs rSght: We are proud of vthat we do and uphold the highest standards of personal and professional honesty and behaviour. We are fair, and open in our decision making and hold ourselves accountable to delNering the best work. Aims, activities and impact The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objeciives and in planning rts future activits'es. In particular. the trustees Consider how planne<l ath"vrties will contribute lo the aims and objectives that have been set. INASP has over 30 years of experience of working wth partners in Africa. Lalin America and Asia. We have a well-eslablished netsvork of intemats.onal contacts and a global reputation. We believe that research and knowledge have a crucial role to play in addressing global challenges and that equitable knowledge ecosystems that wll enable and empower knovAedge producers and
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Users to address the key development challenge5 and improve their lives is essential to the achievement of the Sustainable Development Goals ISDGSI. Our 2020-2025 Strategy describes a wde range of activities aiming to contribute to establishing equitable knowledge ecosystems, but following a major restructuring in late 2021. we rationalised and -fo¢use(l our strategy lo 3 key areas in eady 2022". 1. Digital platfornis and digital learning. This wll indude fiexible kaming., greater reach for the level of investment Ifundingi." building on our exisb.ng platfom)s to provide besptske support., and establishing a community-based business and operating model. 2. Supporting Southem research and higher education institutions. Providing content and support lo early career researchers and their 1nstrtvlft$.. focusing on research and knowledge that is engaged with policy & practice., teaching for cntical thinking, problem solving and relevance to souety." antl reaching out to other stakeholders through research & HE institutions. 3. Gender-re$ponslv• knowlèd systsms. Gender cuts across all of our work and also provide a focus tsf the programme in its own nght. This indudes gender-responsive research design,. gender-responsive teaching and learning.. and gender-responsive institutions. And through this we aim to achieve impact and influence in three areas.. 1. Southern researchers and sludenls gain the skills and confidence to forge new collaborations and develop their careers. 2. Southern resear¢h and higher education instrtutions can deliver rigofOUS. engaged research and transfomiatsve learning experiences, and equip their researchers to xlve real problems and their students lo create or secure meaningful employment and make a difference lo Ihelr societies. 3. Southern research and higher education instibjtsons can create inclusive leaming and researeh environments vthere both women and men can thrive. How we work We believe that working In an inlegraled and systemic way and designing for sustainability from the start is more effective in realvzing longer-term development. Knowledge system5 are complex and lasting change is hard to achieve. We strive to work in an inlegraled way- supports'ng individuals and organisab'ons. facilrtaling conne¢lions between them lo affect system-level change, and thinking hard aboLrt sustainability from Ihe design stages of any project. We work in partnership with the people and organisations who prfxluce. communicate and use knowledge lo strengthen key Capac'eS and confidence. Our work aims lo support individuals with fewer opportunities, lo a¢h inslrtulions beyond lorankeil universities in caprtal cities, and lo connect researchers and students with policy makers. operatKJnal agenaes and civil society. Our approach emphasi5es long temi capacity development through equitable partnerships and conts'nuous leaming and adapting to change. In identifying and carrying out the aims, the trustees have had regard to their duty in Section 4 of the 2011 Charities Act lating lo guidance on public benefft. As describeil In the followng paragraphs, all our activities are carried out for the public benefft of peoF4e in developing and emerging countries.
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Achievements and perfOrnIan in 2023 In 2023 INASP worked in partnership organisations in 9 counknes.. Afrl¢a". Ethiopia, Ghana. Kenya. Nigero. Rwanda. Tanzania. Uganda. South Asia.. Nepal, Pakistan In 2023 we delivered a portfolio of projects, using our digital platforms and online leaming expertise lo ¢onb'nue lo support partners al a distsnce. Our principal fo¢us has been." Contlnuing to d•v•lop th• cOnd pha$9 of our"Transfomilng Employablllty for Soclal Change in East Africa" programme lo enable rapid improvements in the quality and relevance of undergraduate teaching and leaming. in partnership wth the Inter-university Council of East Africa, and through a range ol discussions wth prospectsve funders and partners. Enabling ¢arly ¢ar••r ro$oar¢h•rs a¢ros$ tho world to dovolop th• $kill$ and confidence to communicate and publish their research. through our AuthorAID community platform. which has over 14.000 active members woddwide, and our online learning plarforni, Learn INASP. In 2023 we supported 10,037 learners in 132 countries, 48% of whom were women. Asslstlng acad•ml¢$ and rosoarchors to sharo knovlodgo. s¢k advlc•, and to Idontlfy mentors and resoarch collaborators through our AuthorAID community, and by supporting the development of a senes ol national and regional hubs. 71% of respondents lo our survey told u$ AulhorAID has been 'eXtmelY important, or 'very important, in advancing their career and 61% that they had increased in confidence. 65% have published a paper sincè becoming involved with AulhorAID and 58% had published a paper wlhin 12 months. Convening partners to und8rstand how artificial intelligence 11 aff8Ct research and hIgr •du¢tion, wlh a focus on East Alnca. and entifyIng ways in whi¢h il can be responsibly and safely used in our work. Communlcatlng what V4W havo 18arnt and ongaglng wbih colloaguos and poor organisation$ to share knowledge. Induding publishing an open access btrok on digital learning, a book chapter in an award-wnning volume on global higher education, several articles and opinion pieces, and 9 reports and papers. In 2023 our principal proiecls included". Global Platfomis for Equltable Knowl8dgo Ecosystems IGPEKEI, fvnded by the Swedish Inlernational Development Cooperation Agency Isidal and extended until the end of 2023. In 2023 the project focused on developing the AulhorAID communty an¢J online learning programme Idescribed above). Developing the online elements of a short course on Social Protection Design and Delivery for civil servants and pra¢titionern in Pakistsn. in partnership wlh the Sustainable Development Policy Instrtute and Oxford Policy Management, fvnded by GIZ. Continued support to the Inlemalional In51rtule for Enwronmenl and Development lo run a MOOC on pa$torall$m In developmenL Virtual and in-person support on policy engagement to research teams working on the Canadian Inlemalional Development Research Centre's Growth and Employment for Women Programm8 In East Africa. Supporting lecturers in genderwrnsponsive leaming in Ghana and Nigeria on behalf of the Partnership for Enhanced and Blen¢Yeil Leaming IPEBLI. and separately undertaking a summative evaluation of the PEBL West Africa programme, on behalf of the Association of Commonweahh Universrties.
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Running an online training progrnmme in research ltIng for membors of the Global Health A¢ademy of the National Inslitvte for Health and Social Cale Research. w0.n9 with the Center for Global Development lo research and write a policy par on open access to research for the G20 summit in India. commissioned by the UK Foreign, Commonwealth and Development Office's Chief Scientist. Acting as expert advisors to Ipsos on therr èvaluation of thè UK Public Health Rapld Support Team's approach to capacity strengthening and partnership. Working with Kenya Wildlife TTUSI to develop mechanisms to improvo thtr uso of •vldon¢• in the delivery of their Maara Livelihoods Programme. Developing a business plan for the African Capacity Building Academy, a new programme to support learning amongst African public officials. commissioned by the African Capacity Building Foundation. Advising the Open Society Foundation on how it can embed equity in its global o¢onoml¢ advi$ory fa¢ility. in partnership wlh On Think Tanks. In addition lo our programmatic work, we made signfficanl progres$ in our fundraising and bu$ine$$ development for the ftjture. We signed a new agreement with the Swedish Intemalional Development Cooperation Agency Isidal for a fiv&year project to continue to develop our AuthorAID community for eorfy career researchers. We were also selected lo run a 12-month digital leaming programme for researchers parts'cipaling in the Ocean County Parlnership Programme, and in partnership wth Yaba College of Technology, Nigeria, to provide gender-responsive training for TVET lecturers as part of Skills in Demand proje¢l. which is part of the Gids Edv¢atson and Skills Programme in Nigeria. We have also built relationships wth a range of fiJndeTS, developing a series ol new programme concepts and securing invitations to work together. Plans for the future During 2024 we syill continue lo fc¢us our efforts on supporting eady career researchers and research and higher edUtIOn inslilulions in the gbbal soulh. Our work 11.. emphasise research and knovAedge that addresses real l¢xal development ¢hallenge$ and 1$ engaged wlh policy and pra¢tice. ensure leaching is locused on critical thinking skills. problem solving and relevance lo society and is p051tioning young people to secure jobs and opportunth'es in the labour market. use digital learning plarfoms to provide leaming and support al scale, and lo assist our partners lo bring leaming opportunities lo their staff and students. address the gender inequalities that ¢(rt across re$ear¢h and higher educats'on sy$lem$. by focusing on gender-sponSI¥e research design. gentler-sponSIve teaching and leaming, and building gender-responsive instrtutions. Our largest project in 2024 will be OUT new phase of cooperation with Sida, which is focused on developing our digital leaming and knovAedge community. th a stronger emphasis on enabling eady career researchers to undertake research which is not only scientsficalty rigorous, but which is levant to and can make a drfference to society. We will also commence work vthh Yaba College of Technology on gender-responsive learning in TVET and with the Association of CommOnv71th Universitses to develop and run training for the Ocean Country Partnership Programme. In addition, we will continue our work with CGD on open access to research publishing, our work with the Kenya Wildlife Trust. and our policy engagement support lo IDRC'S GROW East Affica programme. We also expect to continue our work with the Afn'can Capacity Building Foundation to support the development of its new digital learning programme.
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Fundraising policy We are aware of our obligations under the Charities Act to report our fundraising policy. We engage ith statutory funders. trusts. fovndalions. private companies and the publi¢ in order lo raise our income. The 3 overarching goals in our 2022-2025 business development and fundraising strategy are.. 1. Realising our mission". Securing projects and pr[amme$ that support our strategy and growth in how we work and what we deliver- using a programme lens to identify key business development activity by workslream area. and identrfying specific plans for maintaining. growing, and acquiring key donor relationships and developing new income streams. 2. Achieving financial sustainability". Balancing the books with the aim to cover stsff Costs in full, ¥Mlh some moderate gr0h in total income by 2025. 3. Developin9 a diversified portfolio of funding.. Mulb'ple sizes, and funding models to sustainably deliver support in a mode that fvls our commrtment to Southern leadership and responds lo the rapidly changing funding environment. We have received no complaints about INASP'S lundraising ath"vilie$. The funding environment femains extremely challenging. and to ensure we can generate sufficient funding to cover our work in 2024 and beyond we are.. Being proactlv•. conlinuousty mapping new donors, and using this intelligence to drive continued programme of outreach. lo cultivate new relatsonships. and to position our ideas and concepts to show how we can help them realise their strategie$. Engaging with t latOSt debatos and trends. to ensure we are developing new concepts and ideas that respond to changing technobgies and shffts in research and education systems in the countries where we work. Communicating our Idoas and Impact. telling more compelling stories. raising our profile and positioning the ideas, expertise and experience of our global team most effectively. strongth8nlng rolatlonships with exlstlng lund8rs and partngrs to enable us to lake successful projects into new phases and posrtion longer-tem) opportunth'es. Carefully appraislng calls for proposals so that we $ele¢l and respond to those which are aligned wrth our strategy, are financialty viable and enable us to deliver quality work while ensunng our organisalional hearth. Progre$$lvgly gxpandlng our A$so¢late team so Ihat we have the right exPe'Se to respond to new opportunrties, are cultivating fvnder relationships and developing new proposals wth our global team. and evofving INASP'S business and operating model so that we are more strongly rooted and better positioned to deliver work across Africa and Asia. Building new strategic partnernhips with Southem p*rtnevs. Including national research and higher edtjcation agencies. government ¢Jepathents. regional university netsvorks and NGOS, to scale our proven programme5. Safeguarding As a values-led organisation, we are committed lo pr01rting the rights of all people to live free from abuse and coercion. we are committed lo putting in place safeguards and measures lo pvent abuse and to ensure that people are treated with respecl. We are nurturing a cutture where any form of abuse 15 unacceplabte and everyone who works wth us is safe. We have reviewed our policies and procedures. so that they clearly set out our standards and expectations of staff and establish clear lines of Tesponsibilrty and reporting. We ensure that our
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Whistleblowing policy and procedure remains clear and easy to follow. and a direct route remains lo the board of trustees. We have established an annual training programme to ensure staff, associates, trustees and those who deliver work for INASP are aware of and know how to appty these policie5 and stsndards, and in 2024 wll continued to priorilise this. and extend it to include our partners vthen engaged on INASP work. Financial review The funding environment contsnued lo remain very challenging during 2023. Busines5 development and fundraising were a key area of investment throughout the year. and we continued lo work wlh an experienced senior fundraising consultant. This resulted in a number ol important and high value opportunities entering the pipeline. Shifting lunder timelines meant that several were not realised as earfy as we hoped. Although thi$ has impacted on finan¢ial perfomiance lor 2023, it 1$ evident that our effort5 have begun lo bear fruit. A new 5-year agreement with Sida12024-20281, nine new or ¢ontsnuing Contracts going into 2024, and a number of mature opportunities which are in negotiation th funders, and that we are confident will lead to new income in 2024, give us nfIdence. These are accompanied by a deeper and more extensive funding pipeline. The nature of our work- in parthership wth organisalions in the South Sthose resources are often stretched, and supported by funder5 whose work is often vulnerable to shifting polrtical prionties- means that contracts are sometimes delayed. and the income generated from projects is somets'mes realised later than anticipated. In 2023, Sweden's reallocath)n of spending to meet the Ukraine war and refugee crisis resuked in 8 25% cut lo our contract. This. alongside delay5 In Signing or starting work on new conlracls, accounts for the fall away in income during the year lo £579.24012022'. £725,135>. As a result we ended 2023 wth a deficit for the year of £236,43412022'. £245,076). As noted above. this defi¢il includes a signrficanl investment during the year in future business development support has helped lo expand our pipeline and we are confident of breaking even in 2024. Investment policy The Board requires that non-worf(ing fijnds be placed in short-term low risk, interest eamin9 accounts. th a rise in interest rates during Ihe year. this provided a belter retum than in previous years. Risk management All significant project activities undertaken are subj'ect to a risk review as part of the initial activity assessment and implementation. Organisation•level risks are entsfied and assessed in terms of their potential impact and likelihood and tracked using a risk register designed and managed by the Executive Director and reported on and monitored by the Board. In 2023 we have overhauled our approach lo risk management, identifying 15 risks acros5 5 risk categories. and determin1ng our risk appetrte for each to ensure that we are cautsous where necessary and bold where we need to respond to a fast changing wortd. The key risks for 2024, and our approach to mrtig8b.on awe 8$ follows..
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Riskcategory lll Risk Mitigation Aims and objectives We overreach, moving into new areas lissues, clients, geographies) and become overstretched Carefully review all Business Development opportunities.. do we fvlly understand the client, the context. their specific needs? Do we have the full range of l¢xal conneclior15? Decide e8rfy on what is and isnl worth pursuing. (risk attitude.. boldl Roputatlon Strategi¢ reputational risk.. we spend too much lime on projects that bring in funds but don'l advance our thinking, partnerships or impact Main$treaming the prin¢iple$ of effective cornmunicalion5 through all our work, developing a business case for a comms Spec11$1 lo be hired as a priority (risk attrtude.. strongly averse) Honing our offering after each BD conversation to highlight vthal's innovative about our work We rapidly develop seminars Vth our partners on newly emerging issue$ lo demonslrale our compelence Organlsatlonal sustainabillty (risk attitude.. strongly averse) INASP is unable lo remain a going concem Board closety reviews going concem indicators at every board meeting alongside the fundraising strategy and the foThvard pipeline. Risk register has been reworked to ensure risks are effectively highlighted, managed and reviewed by the Board on an annual basis. Forward pipeline is more closely scrutinised to give an improved Sense of the likelihood ol securing funding. Organisational $ustsinability (risk attitude.. strongly averse) Lowtenn changes in the nature of inlemabonal development nding and funders, both in terms of funding priorrties a1 tendering & compliance processes Emphasis on consortium working rather than necessarily leading bids Clear and tight project management and deci$ion- making roles in projects to avoid ineffiuent use of lime Retain and develop key project managerslPM experb.se
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 Reserves policy The charity has a general unrestricted reserve of £310.544 as of 31 December 202312022.. £562.9951. Having undergone a number of operational and ftjnding changes over recent years. the trustees felt it was time to review the reserves policy in 2023. Following their review, and conversatsons wlh the auditors. they determined that rt was more appiopriale for INASP lo hold a level of reserves equivalent to at least 5 months operating costs. rather than the previous 9 months. The rationale for this was that INASP does not cuThentty engage in large single contracts, which would make il vulnerable lo delays in contracting and disbursement of funding. They also noted that INASP no longer needs to hold funds to cover the long term financial commitments required by large multi- year conlracls. Our 2024 core operating costs budget for 12 month5 Isalarie5 and general operating expenses) is £546, 183. The current levd of reserves wll cover MO than 6 months running costs which the Trustees deem appropriate. Going conrn Our significant investment in business development in 2023 Tesuhed in a major five year fvndino agreement. together wlh other conlra¢ted work which together means we have already secured 75% of our 2024 operating costs. We typically respond to and realise irwme from a number of Smaller projects each year. We also have a series of mature opportunities in the pipeline of varying sizes, and we have scored each of these according lo the likelihood of a contract being signed in 2024. This scoring indicates that- even if we were only lo realise some of these opportunib'es- we would be comfortably above our reserves threshold al the end of the year. We have conts'nued to refine our operating model and enhance the'associale model, which enables us lo respond much more flexibly lo the lunding environment. This means we can pul 109elher expert, cosl-effective teams, including staff, Associates and consultants, in response to calls for proposals and lo implement projects. Our Associates are also able to identify fvnding opportunities through their i)wn netrrks that we are nol aware of, and through their organisats'ons lo bid for proje¢ls which are only open to southern organisalions. We have established clear going concem trigger points and management accounting and business development reporting systems to be able monitor whether these are breached and to assess and adju51 progress a5 necessary during the year. The trustees review the financial position c105ely on a regular basis and assessing going concem is a roubne agenda item al all board and Finance and Audit sutrtrcommittee meetings. As a resutt of these Considerations, we are confident there are no material uncertaints.es about INASP'S ability to continue as a going concem. Structure, governance & management The organisats'on is a charr(able company limited by guaranlee, Incorporated on 2 October 2003 and registered as a charity on 18 October 2004. The company was established under a Memorandum of Association which estsblished its objects and powers and is govemed under its Articles of Association las amended June 20191. All Iruslees give their lime vo1untsri and receive no benefi15 from the charty. Any expenses redaimed from the charty are set out in note 6 to the accounts.
International Network for Advancing Science and Policy Ltd Trustees Report for the year ended 31 De¢ember 2023 The charity's objects are.. °Forthe benerrt ofpeople in SOUe poor countnes, to a(1Van research and education b The dissemination of arnl imprDving access lo scientif, Ihnl, medical and s¢holarfy information. Training educators. librarians, publtshets. rese8hets, students and others in the organiZatn, managemenl and dSeMinatiOn ofinforn?atAM andknowledge,. and Advising other agenues orIleS upon such matters". Appointment of trustees The Iruslees are elected to serve for a period of three years after which they may be relected al the next trustees meeting for one more lemi of three years. except in the case of the Chairmanllreasurer who shall be permitted to remain as a trustee unbl their period of office as chairmanltrea5urer has expired. Trustees are not remunerated for their trusteeship and trustee expenses and related party transactions are disclosed in nole 6 to the financial statements. The Chair of the trustees is ulb'mately responsible for recruth'ng new members and consu115 widely on potential candidates lo ensure they represent the areas of the charity's activities andlor contribute the knowledge and skills required for the board of trustees to give good quality oversight and advice lo the charity's executive management. Trustee Inductlon and tralnlng Most candidates are already familiar wth INASP and its activities, but for induction and training purposes they are made aware of their obligations as trustees and members of the Board. They are provided with the terms of reference for truslees, Ihe arlides of the charity an(1 other key documents Such a5 Strategic and financial plans. Rolatsd partles and relatlonshlps othor organlsatlons Related paty transactions in the year are disdose¢J in note 8 lo the financial statements. Remuneratlon poll¢y In determining the remuneration policy, the Board of trustees considers all factors which are deemed necessary. The objecbve of the policy is lo ensure that the ExeculNe Director and staff team are provided with appropriate incentives to encourage enhanced perforniance and are, in a lair and responsible manner, rewarded for their individual contribulions to the success of the Charity. The appropriateness and relevance of the remunerali¢)n policy is reviewed annualty Including reference lo comparisons wih other charities ensuring INASP remains sensitive to the broader issues e.g., pay and employment conditsons elsewhere. We aim lo recruit. subjecl to experience. al Ihe lower- me¢Jium poinl wrthin a band. providing scope lo be rewarded for excellence. We pay the ling wage for all our staff. Delivery of INASP'S charitable vision and purpose is primarily dependent on our staff, which is the largest single element of charrtable expenditure. In 2023 INASP awarded stsff a 1-8°A cost of living uplfft in salary, tapered acfoss the organi5ation so that lower paid staff recewed a higher percentage adjuslmenl. Further infomiabon on pension arrangements and on the salary Costs for the year with comparisons to the previous year are presented in note 6 to the financial statement5. Statsment of rosponsibiliti8s of thè trusts8s 10
International Network for Advancing Science and Policy Ltd TTU5tees Report for the year ended 31 December 2023 The trustees (who are a150 directors of INASP for the purposes of company lawl are responsible for preparing the Iruslees, annual report including the strategic Teport and the financjal ststemenls in accordance ¥Mth applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accountsng Praclicel. Company law requires the trustees lo prepare financial ststements for e%h financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. induding the income and expenditure. of the charrtable company for that period. In preparing these financial statements, the tnjstees are required to.. Select suf(able accounting policies and then apply them consistenty. Observe the methods and principles in the Charits"es SORP. Make jLJdgemenls and eslimales that a reasonable and prudent. State whether applicable UK Accounting Stsndards and statements of recommended practice have been followed, subject lo arty material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concem basis unless rt is inappropriate to presume that the charity 11 Continue in operation. The Iwslees are responsible for keeping proper accounting records thal disdose with reasonable accuracy al any lime the financial position of the charrtoble company and enable them to ensure that the financial Slalemenls comply the Companies Act 2006. They are also responsible for safeguarding the assels of the charitable company and hence for taking reasonable steps for the prevention and delects'on of fraud and other irregulanbes. In so far as the Iruslees are aware.. There is no relevanl audrt information of wthi¢h the Charitable company's auditors are unaware. The Iruslees have taken all steps that they ought to have taken lo make themselves aware of any relevant audit infomiation and to establish ihat the audrtors are aware of that information. The Iruslees are responsible for the maintenance and integrity of the rpOrate and financial information included on the charitable company's website. LegiSlatn in the United Kingdom governing the preparation and dissemination of financial Statements may differ from legi51alion in other jurisdicty'ons. Members ofthe chanty guarantee lo contribute an amount not exceedin9 £1 to the assets of the charity in the event of wnding up. The total number of Such guarantees at 31 December 2023 was 6 12022.'61. The trustees are members of the charity, bul this entiues them only to voting rights. The trusiees have no beneficial interest in the charity. Auditor Wenn Townsend were appointed as the charitable company's auditors during the year and have expressed their wllingness lo continue in that capacty. The Iruslees. annual report whKh includes the strategic report ha5 been approved by the trustees.. On 19 March 2024 and signed on their behaw by.. Louise Shaxson
Independent auditorfs report To the membèrs of Intèmational Nètwork for Advancing Science and Policy Ltd Independent Auditor's Report Opinion We have audrted the ffinancial ststements of Intemalional Netsvorf( for Advancing Scien¢e and Policy Ltd (the charitable company) for the year ended 31st December 2023 which comprise the Statement of Financial ActiVe$. the Balance Sheet, the Statement of Cashflow and notes lo the financial stslements. including a summary of significant a¢¢ounting policies. The financial pong framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stslements". give a true and tsir view of the slate of the chantable company's affairs as at 31st December 2023, and of ils incoming resour¢es and appli¢alion of resour¢e$, including ils income and expenditure, for the year then ended". have been properly prepared in accordance wlh United lfjngth)m Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements ol the Companies Act 2006. Basis for opinion We conducted our audit In accordance with Inlemabonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are fvrther deribed in the Auditor's responsibilities lor the audit of the financial siatements secbon of our report. We are independent of the ¢haritsble company in accordance with the ethical qUIrementS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilrties in a¢cordan¢e with these requirements. We believe that the audit evidence we have obtained 1$ sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the finan¢ial $lalements, we have concluded that the Iru$tee$' use of the going concem basis of accountin9 in Ihe preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not idenltfied any material uncertainties relating lo events or conditions that. individually or collectively. may cast signthcant doubt on the charitsble company's abilty lo continue a5 a going concem for a penod of al least hvefve month5 from when the financial statements are aLrthorised for issue. Our responsibilities and the responsibilities of the trustees th respect to going concem are described in the relevant sections of this pOrt. Other information The trustees are responsible for the other infom)ab"on. The other infomab.on comprises the infomiation included in the trustees. annual report, other than the finanaal statements and our 8udilor's report Ihereon. Our opinion on the financial stslements does not cover the other inforTnation 12
Independent auditorfs report To the membèrs of Intèmational Nètwork for Advancing Science and Policy Ltd and, except lo the extent olherwse explicrtty slate¢J in our report. we do not express any form of assurance cmclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inftsrmation and, in doing so, consider whether the other inf¢)rmalion is materially inconsistent with the financial statements or our knedge obtained in the audrt or otherwse appears to be materially misstated. If we identfy such material inconsistencies or apparent material mi55talemenls, we are qUId to delemiine whether there is a merial misststemenl in the financial statements or material misstatement of the other infomiation. If, based on the work we have perfomied, we conclude that there is a material misstslement of this other information. we are requi to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the Work undertaken in the course of the audrt.. the information given in the trustees, report (incorporating the trustees, report) for the financial year for whi¢h the financial statements are prepared is consistent wlh the financial slalements., and the Iruslees, report has been prepad in accordance V•ith applicable legal requirements. Matters on which we are required to report by exception In the light of our knovAedg& and understsnding of the charitabk company and its environment obtained in the course of the audit, we have not idenbfied material misstatements in the trustees. report. We have nothing lo report in SpeCt of the follo%n9 matters in relab'on lo which the Charities (Accounts and Reports) Regulalions 2008 require us lo POrt lo you if, in our opinion.. the infomion given in the financial $latemenls is •ronSistent in any material respect wlh the Iruslees, report". or the charitsble company has not kept adequate accounting records". or the financial statements are not in agreement with the accounting records and retums., or we have not received all the Inlomalion and explanations we require for our audit. the Iruslees were not enlilled lo Ppare the financial slalemenls in accordance with the small companies, regime and take advantage of Ihe small companies, exemption in preparing the Iruslees. annual rewrt and from the requirement lo prepare a slralegi¢ report. Responsibilities of trustees As explained more fully in the trustees, responsibililies $temenl. the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satssfied that they gwe a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparion of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial stslements. the trustees are responsible for assessing the ¢haritsble company's abilty to conts'nue as a going concem. disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. have no realistic attemative but lo do so. 13
Independent auditorfs report To the membèrs of Intèmational Nètwork for Advancing Science and Policy Ltd Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high Ve1 of assurance, but is not a guarantee that an audit conducted in a¢cordan¢e with ISAS IUKI wll afvoys detect a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, indNidually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with ¢xJi responsibilrties. oudineil above. to delecl merial misslemenls in respect of irregularities, including fraud. The spectfic procedures for this engagement and the extent lo which these are capable ol delecb.ng irregularities, in¢lLKling fraud is detailed below.. Enquiry of management and those charged wth govemance around actual and potential litigation and claims., Reviewing minutes of meetings of those charged wlh govemance., Reviewing financial slalemenl disclosures and testing to supporting documentation lo assess compliance applicable laws and regulation$', Performin9 audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness. evaluating the business rationale of significant transath'on$ outside the normal ¢ourne of business and reviewing accounting eslimales for bias. Because of the inherent limrtations of an audit, there 1$ a risk that we wll not detect all Irregularit$, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wlh a law or regulation is removed from the events and transactions rellected in the financial stalement$. as we will be le$s likely lo become aware of instances ol non<ompliance. The risk is also greater regarding IegulaTi11e9 occurring due lo fraud rather than error, as fraud involves inlenti¢)nal nCealMent, forgery, collusion, omission or misrepresentation. A further description of our responsibili(ies for the audit of the financial stslements is located on the Financial Reporb'ng Council's websile al.. vMw.frc.org.uklau¢Jilorsresponsibiif(ies. This description forms part of our auditor's report. Use of our report This report 15 made 501ely to the charrtable company's members, a5 a body. in accordance wf(h Chapter 3 of Part 16 of the Companies Act 2006. Our auilil work has been undertaken so that we might slate to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume respKinsibility to anyone other than the Chartsb company and the charitable company's members as a body, for our audit work, for this report. or fow the opinions we have formed. Aiay 8ahl 8A BFP FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend Chartered Accountants and StalLrtory Auditor Oxford .2024 14
Internatlonal Network for Advanclng 5clence and Pollcy Ltd Statement of flnanclal acrlvltles (incorporating an income and expenditure account) For the ear ended 31 December 2023 2023 Total 2022 Total Unrestricted Restricted Note Incorne from: Charitable activities Programme work Other Charitable activities 493,730 64,719 558,449 718,915 118 Investments 20,791 20,791 6,102 Total Sncome 514.521 64,719 579,240 725,135 Expendlture on: Charltable acrlvltSes Programme work Global Platforms for Equitable Knowledge Ecosystems (GPEKEI 356,972 356,972 547,227 Transforming Employability for Social Change in East Africa ITESCEA) Programme work 8,842 410,000 48,702 458,702 414,142 Sub-total expendlture on programme work 766,972 48,702 815,674 970,211 Total expendlture 766.972 48,702 815,674 970,211 Net movement In funds (252.451) 16,017 1236,434) 1245,0761 Reconclllatlon of funds: Total funds brought forward 562,995 562,995 808,071 Total funds carrled forward 310,544 16,017 326,561 562,995 All of the above results are derived from continuing activities. There were no oiher recognised gains or losses orher than those stated above.
International Net*Y>rk for Advancing Science and Policy Ltd Balance sheet Company no. 04919576 As at 31 December 2023 2023 2022 Note Fixed assets= Tangible asseis Current a5sets= Debtors Cash at bank and in hand 30.949 363.643 19.601 678.149 394,592 697.750 Uabllltles: Creditors.. amounts falling due within one year 12 68.031 134,865 Net current assets 326.561 562,885 Total assets less current Ilabllltles 326.561 562,995 Total net assets 326,561 S62.995 The funds of the charlty. Unrestricted income funds.. General unrestricted funds Restricted funds 19a 19a 310,544 16,017 562.995 Total unrestricted funds 326.561 562,995 Total charlty funds 326.561 562.995 Approved by the trustees on 19 March 2024 and signed on their behalf by Louise Shaxson 16
Internatlonal Network for Advanclng Sclence and Pollcy Ltd Statement of cash flows For the year ended 31 December 2023 Note 2023 2022 Cash flows frorn operating activities Net cash provided by l (used in) operating activities 1314,506) 1215,8921 Cash flows from Investlng acrlvltles: Net cash provlded by l (used In) InvestSng artlvltles Change In cash and cash equlvalents In the year 1314,506) 1215,8921 Cash and cash equivalents at the beginning of the year 678.149 894,041 Cash and cash equlvalents at the end of the year 363,643 678,149
International Network for Advancing Science and Poliry Ltd Notes to the flnanclal statements For the year ended 31 December 2023 l Accountlng pollcles al Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standar(J applicable in the UK and Rèpublic of Ireland IFRS 1021 leffective I January 20191- (Charities SORP FRS 1021. Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Assets and liabilities are iniiially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy OT note. b) Publlc beneflt entlty The charitable company meet5 the definition of a public benefit entity under FRS 102. c) Golng concern Having taken consideration of the amount of unrestricted reserve5. the trustee5 consider there is a reasonable expectation that INASP has adequate resouices to continue in operational existence for the foreseeable future. The Trustees are also satisfied with the controls in place for monitoring and flexing the budget throughout the year. Accordingly we continue to adopt the going concern basis in preparing this annual report and financial staiements. Following the continued investment of reserves during 2023 to secure the future of INASP going forward, the trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to ihe carrying amounts of assets and liabilities within the next reportin9 period. d) Income Income is recognised when the chariiy has entitlement to the funds. any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grant5, is recogni5ed when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, ir is probable that the income will be received and the amount can be measured reliably and is not deferred. e) Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. thi5 15 normally upon notificaiion of the interest paid or payable by the bank. f) Expendlture and Irrecoverable VAT Expenditure 15 recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and thè amount of the obligation can be measured reliably. Expenditure is classified under ihe following activity headings.. Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose Expenditure on charitable activities includes the costs of delivering services, and other activitie5 undertaken to further the purposes of the charity and thèir associated support costs. Other expenditure represents ihose iiems noi falling inro any other heading
International Network for Advancing Science and Poliry Ltd Notes to the flnanclal statements For the year ended 31 December 2023 g) Allocation of sUPPOrt C05ts Resources expended are recognised in the period in which they are incurred. Resources expended are allocated to the particular activity where the cost relates directly to that activity. However. the cost of overall direction and administration of each activity. comprising the salary and overhead costs of the central function. is apportioned based on staff time involved in the activitv. Governance costs are the costs associated with the governance arrangements of the charity. These costs are a550ciated with constitutional and statutory requirements and Include any c05t5 a550ciated with the strategic management of the charity's activities and have been allocated to activities on the same basis as support costs. h) Operatlng leases Rental charges are charged on a straight line basis over the term of the lease. l) Tanglble flxed assets Items of equipment are capitalised where the purchase price exceeds £ 1.000. Depreciation costs are allocated to activities on the basis of ihe use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Depreciation is provided at rates calculated io write (lown the cost of each asset to its estimated resldual value over its expected useful life. The depreciation rates in use are as follows.. Computer Equipment - 3 year5 straight line Office Equipment - 3-5 years straighi line Furniture & Fitting5 - 3-5 years straight line J) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepaymen(s are valued at the amount prepaid net of any trade discounts due. kl Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisiiion or opening of the dep051t or similar account. Cash balances exclude any funds held on behalf of service users. 1> Credltor5 and prov151ons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event rhat will probably result in rhe transfer of funds to a ihird parry and the amounr due to settle the obligation can be measured or estimated reliably. Creditor5 and provi5ion5 are norrnally recognised at their settlement amount after allowing for any trade discounts due.
International Network for Advancing Science and Poliry Ltd Notes to the flnanclal statements For the year ended 31 December 2023 m) Pensions The charitable company operates a defined contribution group personal pension plan for the benefit of its employees, and also makes payments to other defined contribution schemes for employees who are not members of the group scheme. Pension costs are recognised in the monLh in which the related payroll payment5 are made. n) Forelgn currencles Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transaciions in foreign currencies are translated into sterling at the spot rate on the day of transaction and for USS are then held in the accounts at an average weighted value. Exchange differences are takèn into account in arriving at thè net incoming resources for the year. 2 Income from charlrable activitles 2023 Total 2022 Total Unrestricted Restricted Forelgn, Commonwoalth and Dèvelopment Offlce IFCDOI Transforming Employabiliiy for Social Change in East Africa ITESCEAI 4,671 Sub-total for FCDO programme work 4.671 Swedlsh Int•rnatlonal DelOpm*n¢ Cooperatlon Agency (Slda) Global Platforms for Equitable Knowledge Ecosystems IGPEKEI 356.460 356,460 547,229 Sub-total for Sida programme work 356.460 356,460 547,229 Other Income 137,270 64,719 201,989 167,015 Total income from programme work 493.730 64.719 558.449 718,915 In the previous year the TESCEA income of £4.671 was restricted. 3 Other Charltable acrlvltles 2023 Total 2022 Total Unrestricted Restricted Donations 118 118 All income from other charitable activities was unrestricted in the previous year. 20
International Network for Advancing Science and Policy Ltd Notes to rhe flnanclal statements For the year ended 31 December 2023 4a Analysi5 of expenditure - Current year Governance costs Support costs 2023 Total 2022 Total Global Platforms for Transforming Equitable Employability Knowledge for Social Ecosystems Chan9e in Easi IGPEKEI Africa (fESC Other Charitable aciiviries Restrirted Funds Staff costs Inote 61 Forelgn Exchange Programme delivery costs Audit fee5 Board expenses Depreciation Inote l 01 201.227 317,391 18.825 537,443 1,489 263,161 7,300 6,171 525.986 13,4471 433.080 6,900 6.263 1,429 1 ,489 121,461 101.838 3,600 23.373 16.489 3,700 6.171 110 306,66S 340.764 35.314 9.981 122,950 815,674 970.211 Support cosrs 50.307 59.255 13.388 1122.9501 Governance costs 9.981 19.9811 Total expendlture 2023 356.972 410.000 48.702 815,674 970.211 Total expenditure 2022 547,227 8.842 414.142 970.211 In the previous year the TESCEA expen(Jiture of £8.842 was restric¢e¢J.
Internatlonal NeThvork for Advanclng Sclence and Pollcy Ltd Notes to the financial statements For the year ended 31 December 2023 4b Analysls of expendlture - Prevlous year Governance costs Support costs 2022 Total Global Platforms for Transforming Equitable Employability Knowledge for Social Ecosystems Change in East IGPEKEI Africa (TESC Other Charitable activities Staff costs (note 61 Foreign Exchange Programme delivery costs Partner costs Audit fees Board expenses Depreciation (note l 01 212,970 3,867 309.149 525.986 (3.447) 433,080 13,4471 121,878 271,425 4,105 35,672 3,200 3,700 6,263 1,429 6,900 6,263 1,429 487,595 7.972 344.821 11.392 118,431 970.211 Support costs 59,632 870 57,929 1118,431) Governance costs 11.392 111,3921 Total expendlture 2022 547.227 8.842 414.142 970.211 Total expenditure 2021 573,612 878,535 602.927 2,055,074 22
InternaOnal Network for AdvarKlng Sdence and Polky Ltd Notss to tht financial stattménts For the year ended 31 December 2023 Net Incomlng resour¢es for the year Thls Is slated after charglng I Icreditlngl.. 2023 2022 Operatlng lease renials= Property Auditors, remuneration (excluding VAT)= Audit Other seNice5 Foreign exchange105se5 1 (gain51 2.722 4.776 3,700 3.600 1.489 3.700 3,200 13,4471 Analysls of staff costs. trustee remuneratlon and expenses. and the cosi of key mana9ernent personnel 2023 2022 Staff costs were as follow.. Salaries and wage5 Social security cosis Employer's contribution io defined coniribuiion pension schemes Other forms of employee benefits 440.893 53.327 35.903 7,320 425,823 54,311 35,638 10,214 537,443 525,986 The followSng number of employees recelved employee beneflts lexcludlng employer penslon costsl durSng the year between.. 2023 No. 2022 No. 60,000 - £69,999 70,000 - £ 79.999 £80,000 - £89,999 The total employee benefits includin9 pension contilbuiions and employei's Nl of the key management personnel were £230,471 12022.. £240,132). The charity rrustee5 were not paid or received any oiher benef115 from employrnenr wirh rhe chariry In the year12022.. £nill. No irustees received payment for professional services supplied to the charity 12022'.1 £1.9501 as detailed in note 8. Trusrees, expenses represenis rhe paymeni or relmbursemenr of iravel and subslsience costs rotalllng £6,175 12022.. £6,263) incurred by 612022..61 member5 relating to aitendance ai meetlngs of the trustees. Staff numbers The average number of employees (head couni based on number of staff emplgyedl durlng the year wa5 as follow5.. 2023 No. 2022 No. Programme work Support io Relaied party tran5acrlons During rhe year, £8.784 was received from Oxford Policy Management for coTriratted work, a company thar lonarhan Harles partner 15 employed by 12022.1 £1.950 10 a trusieel. There are no donations from related parties which are outside the normal iour5e of busine55 and no restvicied donations frorn related parties. 23
InternaOnal Network for AdvarKlng Sdence and Polky Ltd Notss to tht financial stattménts For the year ended 31 December 2023 Taxatlon The charitable company is exempt from corporation tax as all lis income 15 charitable and is applied for Charitable purposes. Office equipment l O Tanglble flxed assets Total At the start of the year Addirions in year Disposals in year 3.940 3.940 At the end of ihe year 3.940 3,940 Depre¢latlon At the start of the year Charge for the year Ellmlnated on disposal 3.830 3.830 110 At the end of ihe year Net book value At the end of the year 3.940 3,940 At the start of the year All of the above asseis are used for charitable purposes. I l Debtors i 10 2023 2022 Trade debtors Other debtors VAT Prepaymenrs 7,707 14.849 426 7,967 12,376 1,435 5,790 30.949 19,601 12 Credltors: amounts fallln9 due wiihln one year 2023 2022 Trade creditors Taxation and soclal securllv Funds held for partners Accruals Deferred income 25.844 10.911 66,423 14,499 24,730 10,780 18.433 13.888 17.388 68.031 134,865 13 Deferred Income Deferred incorne comprises fund5 received in advance of the expendiiure they relaie to being made. 2023 2022 Balance at the beginning of ihe year Amount released to income in the year Amount deferred in the year 18.433 (421,1791 420,134 102,660 1557,6551 473,428 Balance at the end of the year 17.388 18.433 24
InternaOnal Network for AdvarKlng Sdence and Polky Ltd Notss to tht financial stattménts For the year ended 31 December 2023 14 Penslon scheme The charsiable company operaies a deflned contrlbutlon 9roup personal pensSon plan for the beneflt of its employees, and also makes paymenis io oiher defined contribution schemes for employees who are not mernbers of the group scheme. Pension costs are recognised in the month in which the related payroll payrnent5 are rnade. 15 Reconclllatlon of net Incomel(expendlture) to net ash Ilryw frorn operatlng artmtles 2023 2022 Net Incom*llexpendlturt) for rtportlng perlod (as per the statement of financlal actmtles) Depreciaiion charges Ilncreaselldecrease In debtors Increa5elldecrea5el in crediiors 1236.4341 1245,0761 1,429 177.857 1150,1021 111,3481 166,8341 Net cash provlded byllused In) owatln9 a¢iMtles 1314.506) 1215,8921 16 Analysls of (ash and cash equfvalents At31 Oecember 2023 January 2023 Cash flows Cash In hand 678.149 1314.5061 363.643 Total o5h and cash equfvalenQS 678.149 1314,5061 363.643 17 Future commltments There are no furure lease paymenrs under non-cancellable operaring leases io disclose for 2023 12022 none). Ar rhe end of 2023, two 5raff informed u5 of iheir decision io leave our employrneni in 2024, under the terms of a contraciual variation made in 2021 which includes a coniractual paymeni on departure. and which results in a financlal liability of £34,145. 18 Le9al status of the charlty The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of wlndin9 up is limited io £ l. 25
InternaOnal Network for AdvarKlng Sdence and Polky Ltd Notss to tht financial stattménts For the year ended 31 December 2023 At the stan of the year Income & Expenditure & At the end of gains losse5ltran5fers the year 19a Movement5 In fvnds- current ar Restrlcted funds.. Kenya Wlldlife Trust - In support of Developing a knowledge ecosystem for a livelihood programme Inforrnaiion Developrneni Research Centre IIDRCI - support Grow Easi Africa reseach teams 22.419 16.4021 16.017 42.300 142.3001 Total restrlrted funds 64,719 148.7021 16,017 General unrestrkned funds: 562,995 514.521 1766,9721 310 544 Total funds: 562.995 579.240 1815,6741 326.S61 Movemonts In funds- prlor yur At the start of the year Income & Expendiiure & At the end of gains lossesitransfers the year 19b Rtstrlcted funds.. TESCEA 4.671 14,6711 Total restrlrted funds 4,671 14.6711 General unrestrkted funds: 808.071 720.464 1965,5401 562 995 Total funds: 808.071 725.135 1970,2111 562.995 26