2021-12-31-accounts - The Border Consortium

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Trustees' Report..
Financial Review. .
Structure, Governance	and Management.
Statement ofTrustees'	Responsibilities. ..............................................................................
Independent auditor's	report tothe members ofThe Border Consortium			Limited. .....
Audited FinancialStatement .
Statement ofFinancial	Activities. ..
Balance Sheet..
Cash Flow Statement.
Accounting Policies and Notes		to the FinancialStatements.	.
List ofAcronyms.. .
Reference and Administrative		Details.

		2017	2018	2019	2020		2021
Income		595	520	511	586		1,030
Expenditure		684	592	510	567		730
Net Movement		(89)	(72)	1	19		300
Closing Fund balance		244	172	173	192		492
Restricted funds		120	54	90	107		396
Designated funds		79	73	58	58		59
Net fixed assets					1		1
						.
Freely available general	reserve	42	45	25	26		36
Liquidity (Bank—Trade Creditors)		112	101	89	91		93

rincipal Funding Sources:
		Donor
Income Sources 2021		Currency	Amount	Thai Baht
Australia ANCP (Act for Peace)	R	AUD	238,000	5,689,676
Australia DFAT Thailand (IRC)	R	AUD	1,500,000	35,859,300 .
Denmark DANIDA (DanChurchAid)	U	DKK	1,225,840	5,982,099
Nexus-DCA	R	USD	346,576	11,166,367
New Zealand-MFAT	R	NZD	4,400,000	97,064,000
SIDA-Norwegian Refugee Counsel	R	USD	120,000	3,787,572
UNOPS- LIFT Fund	R	USD	1,499,813	44,639,534
UNOPS- MHF	R	USD	1,011,636	33,366,909
UK FCDO	R	GBP	2,954,570	119,742,518
US BPRM (IRC)	R	USD	19,289,343	632,408,852
TOTAL Government Backed				989,706,827
Non Government -Restricted				27,339,439
Non Government -Unrestricted				12,982,961
TOTAL: Voluntary Income				1r030r029 227
Investment Income				365,231
Other Income - Sale ofAssets				32,000
Total Income				1,030,426,458
Restricted (denoted by R)				1,011,064,167
Unrestricted				19,362,291

							2021
				Unrestricted	Funds		Restricted	Total
				G I	~di	td	Funds	Funds
			Notes	Thai Baht	Thai	Baht	Thai Baht	Thai Baht
Income and Endowments
Income from generated	funds:
Donations and legacies				6,086,160			1,011,064,167	1,017,150,327
investment income				365,231				365,231
Other income				618,187				618,187
Gain on exchange rate				12,292,713				12,292,713
Total income and Endowments				19,362,291			1,011,064,167	1,030,426,458
Expenditure on
Costs ofgenerating funds:
Expenditure on raising	funds						17,417	17,417
Charitable activities:
Humanitarian Need				4,283,973			543,093,312	547,377,285
Food Security & Nutrition				1,034,062			28,784,653	29,818,715
Protective Environment		&
Safe Futures				886,339			43,313,364	44,199,703
Accountability & Partnerships				2,363,571			106,490,259	108,853,830
Other expenditure (FXLoss)				25,629			(25,629)
Total Expenditure				8,593,574			721,673,376	730,266,950
Net income/(expenditure)
before transfers				10,768,717			289,390,791	300,159,508
Transfers between funds			15	(1,241,617)	1,241,617
Net movement in funds	in
period				9,527,100	1,241,617		289,390,791	300,159,508
Reconciliation ofFunds
Total funds as at beginning		of
period				26,931,412	58,486,904		106,724,660	192,142,976
Total funds carried forward			18	36,458,512	59,728,521		396,115,451	492,302,484


				Unrestricted	Funds		Restricted	Total
				General	~oi	td	Funds	Funds
			Notes	Thai Baht	Thai	Baht	Thai Baht	Thai Baht
Income and Endowments
Income from generated	funds:
Donations and legacies			2	12,339,993			572,583,965	584,923,958
Investment income			3	645,900				645,900
Other income:			4	600,000				600,000
Total income and Endowments				13,585,893			572,583,965	586,169,858
Expenditure on
Costs ofgenerating funds:
Expenditure on raising	funds
Charitable activities:
Humanitarian Need			5	927,403			398,262,061	399,189,464
Food Security gt Nutrition			5	240,438			29,002,662	29,243,100
Protective Environment		gt
Safe Futures			5	171,742			33,506,771	33,678,513
Accountability gt
Partnerships			5	652,617			95,120,854	95,773,471
Other expenditure (FXLoss)			8	9,163,991				9,163,991
Total Expenditure				11,156,191			555,892,348	567,048,539
Net income/(expenditure)
before transfers				2,429,702			16,691,617	19,121,319
Transfers between funds			15	(516,054)	516,054
Net movement in funds	in
period				1,913,648	516,054		16,691,617	19,121,319
Reconciliation ofFunds
Total funds as at beginning		of
period				25,017,764	57,970,850		90,033,043	173,021,657
Total funds carried forward			18	26,931,412	58,486,904		106,724,660	192,142,976

Balance Sheet
As at 31December 2021
			2021	2020
		Notes	Thai Baht	Thai Baht
Fixed assets
Tangible assets			799,431	1,113,747
Current assets
Debtors			399,890,806	102,903,634
Cash at banks and in hand Total current assets			125,958,040 525,848,846,	137,783,767 240,687,401
Liabilities
Creditors falling due within one year			(32,704,330)	(47,261,884)
Net Current assets			493 144r516	193r425r517
Total assets less current	liabilities		493 943947	194r539r264
Creditors falling due after	more than 1year		(1,641,463)	(2,396,288)
Net assets			492,302,484	192,142,976
The funds ofthe charity
Restricted income funds			396,115,451	106,724,661
Unrestricted income funds:
—General Fund			36,458,512	26,931,411
- Designated funds			59,728,521	58,486,904
Total charity funds			492,302,484	192,142,976

					2021	2020
					Thai Baht	Thai Baht
				Note
Cash flow from operating	activities
Net movement in funds in	period				300,159,508	19,121,319
Investment income				3	(365,231)	(645,900)
Gain on disposal ofassets				4	(32,000)	(600,000)
Depreciation charges				11	314,316	531,371
Net changes in working capital					(312,299,551)	(54,085,152)
Net cash provided by (used in)		operating	activities		(12,222,958)	(35,678,362)
Cash flows from investing	activities
Interest received					365,231	645,900
Proceeds from sale offixed assets					32,000	600,000
Payments to Acquire tangible assets						(992,000)
Net cash provided by investing		activities			397r231	253r900
Net change in cash					(11,825,727)	(35,424,462)
Net funds as at beginning	ofthe	period			137,783,767	173,208,229
Net funds as at end ofthe	period				125,958,040	137,783,767

			2021	2020
			Thai Baht	Thai Baht
Increase,	in debtors		(296,987,172)	(17,785,764)
Decrease	in	creditors	(15,312,379)	(36,299,388)
Net changes		in working capital	(312,299,551)	(54,085,152)

t~ttC t	Annual	rate
Office equipment		20%
Computers		33%
Vehicles		20%

								2021
							Unrestricted	Restricted	Total
							Thai Baht	Thai Baht	Thai Baht
Voluntary	Income
Donations							104,061		104,061
Grants							5,982,099	1,011,064,167	1,017,046,266
Total Voluntary			Income				6,086,160	1,011,064,167	1,017,150,327
Total cost	ofgenerating			voluntary		income
Donors meeting			gt Fundraising		Marketing			(17,417)	(17,417)
Net voluntary		income					6,086,160	1,011,046,750	1,017,132,910

						2020
					Unrestricted	Restricted	Total
					Thai Baht	Thai Baht	Thai Baht
Voluntary Income
Donations					129,044		129,044
Grants					12,210,634	572,583,965	584,794,599
Income resulting	from marketing
events/publications					315		315
Total Voluntary	Income				12,339,993	572,583,965	584,923,958
Total cost ofgenerating		voluntary		income
Donors meeting	& Fundraising		Marketing
Net voluntary income					12,339,993	572,583,965	584,923,958

. OTHER INC	O	ME
							2021	2020
							Thai Baht	Thai Baht
Gain on disposal		offixed	assets				32,000	600,000
Exchange Rate	Gain						12,292,713
Others							586,187
Total							12,910,900	600,000
. CHARITABLE		ACTIVITIES EXPENDITURE
						2021
					Support		Governance
				Direct Cost	Cost		allocation	TOTAL COST
				Thai Baht	Thai Baht		Thai Baht	Thai Baht
Humanitarian	Need			545,457,056	738,616		1,181,613	547,377,285
Food Security	gt Nutrition			29,428,345	178,287		212,083	29,818,715
ProtectiVe Environment			IkSafe
Futures				43,865,099	152,817		181,787	44,199,703
Accountability	gt Partnerships			108,228,620	443,423		181,787	108,853,830
Total				726,979,120	1,513,143		1,757,270	730,249,533


					Support	Governance
				Direct Cost	Cost	allocation	TOTAL COST
				Thai Baht	Thai Baht	Thai Baht	Thai Baht
Humanitarian		Need		397,922,644	223,856	1,042,964	399,189,464
Food Security		& Nutrition		29,006,996	58,037	178,067	29,243,100
Protective	Environment		&Safe
Futures				33,509,867	41,455	127,191	33,678,513
Accountability		&Partnerships		95,452,842	193,439	127,190	95,773,471
Total				555,892,349	516,787	1,475,412	557,884,548

. GENERAL SUPPORT	COSTS
				2021	2020
				Thai Baht	Thai Baht
Staff Related Costs				1,059,200	402,260
Office Related costs (including		Rent)		151,315	25,290
IT Related Costs				181,577	13,375
Vehicle Related Costs				75,657	24,448
Travel, accommodation	and miscellaneous		costs	45,394	51,414
Total				1,513,143	516,787

. GOVERNANCE COSTS
	2021	2020
	Thai Baht	Thai Baht
Audit fee	1,643,241	1,460,000
Trustees expenses	110,768
Meetings	3,262	15,412
Total	1,757,271	1,475,412
. OTHER EXPENDITURE
	2021	2020
	Thai Baht	Thai Baht
Loss on exchange rate		9,163,991

			Number ofemployees	Number ofemployees
			2021	2020
Programme	and programme	support	' 48	48
Management	and administration		10	10
Total			58	58

			2021	2020
			Thai Baht	Thai Baht
Salaries			54,824,252	53,946,015
Housing,	Living	and Education allowances	3,416,000	2,460,282
Provident	fund		2,434,614	2,428,134
Staff Insurance			2,804,520	3,214,527
Other employee		benefits	3,390,206	1,756,222
Social security fund			294,140'	351,550
'Total			67,163,732	64,156,730

The number ofemployees whose emoluments in the year as defined fo over the equivalent off60,000were as follows:	r taxation purpose	s amounted
	2021	2020
E60,001to E70,000 (Thai Baht 2,597,329to Thai Baht 3,030,167)	2	2
f70001tof80000 (Thai Baht 3030210to Thai Baht 3463,048)
f80001tof90000 (Thai Baht 3463,091to Thai Baht 3,895,929)	1	1
f90,001tof100,000 (Thai Baht 3,895,972to Thai Baht 4,328,810)	0	1

			2021
		Office
		Equipment	Computers	Vehicles	Total
		Thai Baht	Thai Baht	Thai Baht	Thai Baht
Cost:
As at beginning	ofthe period	350,077	1,865,597	18,396,827	20,612,501
Disposal		(71,000)	(222,666)	(766,000)	(1,059,666)
As at end ofthe	period	279,077	1,642,931	17,630,827	19,552,835
Depreciation:
As at beginning	ofthe period	285,877	1,692,316	17,520,561	19,498,754
Charge for the year		21,399	94,517	198,400	314,316
Disposal		(71,000)	(222,666)	(766,000)	(1,059,666)
As at end ofthe	period	236,276	1,564,167	16,952,961	18,753,404
Net book value
As at beginning	ofthe period	64,200	173,281	876,266	1,113,747
As at end ofthe period		42,801	78,764	677,866	799,431
12. DEBTORS
				2021	2020
				Thai Baht	Thai Baht
Trade debtors				360,979,694	93,581,577
Other debtors				38,911,112	9,322,057
				399,890,806	102,903,634

	13.CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		2021	2020
		Thai Baht	Thai Baht
	Trade creditors	21,492,415	10,761,617
'	Deferred Income	7,820,545	33,901,115
	Accruals	1,635,000	1,606,174
	Other creditors	1,353,445	992,978
	Payroll Myanmar	402,925
		32,704,330	47,261,884

			2021	2020
			Thai Baht	Thai Baht
Long	term	liabilities	1,641,463	2,396,288
			1,641,463	2,396,288

			2021
		Unrestricted	Restricted
		Funds	Funds	Total
		Thai Baht	Thai Baht	Thai Baht
Tangible	fixed assets	799,431		799,431
Debtors		1,477,823	398,412,983	399,890,806
Cash at banks and in hand		99,372,460	26,585,580	125,958,040
Creditors	falling due within one year	(3,821,218)	(28,883,112)	(32,704,330)
Creditors	falling due after one year	(1,641,463)		(1,641,463)
Net Assets		96,187,033	396,115,451	492,302,484
			2020
		Unrestricted	Restricted
		Funds	Funds	Total
		Thai Baht	Thai Baht	Thai Baht
Tangible	fixed assets	1,113,747		1,113,747
Debtors		5,300,936	97,602,698	102,903,634
Cash at banks and in hand		84,537,154	53,246,613	137,783,767
Creditors	falling due within one year	(3,137,234)	(44,124,650)	(47,261,884)
Creditors	falling due after one year	(2,396,288)		(2,396,288)
Net Assets		85,418,315	106,724,661	192,142,976

	Balance at				Balance at
	31Dec 20	Income	Expenditure	Transfers	31Dec21
	Thai Baht	Thai Baht	Thai Baht-	Thai Baht	Thai Baht
1.Australia ANCP
(Act for Peace-NCCA)	2,587,864	5,689,676	4,834,130		3,443,410
Australia AusAID
(DFAT) 2020/2021 IRC	21,356,197		18,502,036		2,854,161
2. Australia AusAID
(DFAT) 2021/2022 IRC		35,859,300	18,372,443		17,486,857
Caritas-Australia (Nutrition)		5,156,800	2,181,529		2,975,271
Caritas-Australia
(Emergency)		3,797,248	3,797,248
Citizens ofBurma Award
(COBA)		6,599,864	6,599,864
Church World Service	23,725		23,725
ICCO -KIA 2020/21	977,165		977,165
ICCO -KIA 2020/22		1,917,225	332.321		1,584,904
4. LIFT Fund Phase II (UNOPS)	1,285,124	44,639,534	38,985,039		6,939,619
5. New Zealand —MFAT		97,064,000	75,891,172		21,172,828
6.SIDA- NRC		3,787,572	3,787,572
7.United Kingdom- FCDO 8. UN OCHA- MHF¹1		119,742,518 8,252,937	115,630,018 8,252,937		4,112,500
8. UN OCHA- MHF ¹2		25,113,972	19,204,206		5,909,766
9.UNOPS —NEXUS/DCA		11,166,367	5,882,269		5,284,098
10.USA BPRM (IRC) 2020/21	80,494,585	156,878,567	237,373,152
10.USA BPRM (IRC) 2021/22		475,530,285	151,178,248		324,352,037
World Vision		9,868,302	9,868,302
Total Restricted Funds	106,724,660	1,011,064,167	721,673,376		396,115,451
Designated Fund —Severance
Pay gt Closedown	58,486,904			1,241,617	59,728,521
3.General Fund	26,931,412	19,362,291	8,593,574	(1,241,617)	36,458,512
Total Funds	192,142,976	1,030,426,458	730,266,950		492,302,484

BBC	Burmese Border Consortium	(former	IP	Inter Pares
	name)
BPRM	Bureau ofPopulation, Refugees, and Migration		IPC	Infection Prevention	and Control
CA	Christian Aid		IRC	InternationalRescue	Committee
CBO	Community-Based Organisation		LIFT	Livelihoods and Food Security		Trust	Fund
CCA	Consortium ofChristian Agencies		MAF	Myanmar Armed Forces
	Committee for Coordination ofServices
CCSDPT	to Displaced Persons in Thailand		NCA	Norwegian Church	Aid
CSO	Civil Society Organisation		NCCA	National Council of (Act for Peace)	Churches	Australia
DCA	Dan Church Aid		NGO	Non-Governmental	Organisation
DFAT	Department of Foreign Affairs Trade (Australia)	and	RTG	Royal Thai Government
FCDO	Foreign and Commonwealth Development Office (UK)		SORP	Statement of Recommended (UK)		Practice
FCS	Food Card System		BBC	hailand Burma Border Consortium (former name)
FRS	Financial Reporting Standard	(UK)	BC	he Border Consortium
FX	Foreign Exchange		HB	hai Baht
GBP	British Pound		UK	United Kingdom
GEC	Governance and Elections Committee		UNHCR	United Nations High Commissioner Refugees			for
ICCO	Inter Church Organisation for Development Cooperation		US	United States
ID P	Internally Displaced Person		USD	US Dollar
	International Non-Governmental
IN GO	Organisation

eference	and Admi	n	istrative Details:
Name of	Charity				The Border Consortium		(TBC)
Charity registration		number			1109476
Company	registration		number		05255598 (England and		Wales)
Address ofregistered			office		35 Lower Marsh, London		SE17RL
Address of principal			office		12/5 Convent Road, Bangrak,
					Bangkok 10500,Thailand
Website					www. theborderconsortium.			or
Trustees	(and Directors) during 2021.				Alexis Chapman (Treasurer)
					Andreas Kiaby
					Samantha McGavin
					Marvin Parnell
					Leon de Riedmatten
					James Thomson (Chair)
					Mani Kumar (elected to		Board- November		2021)
Executive	Director	—from 1" January		2013 to	Sally Thompson MBE
date					Sally Thompson MBE
Charity correspondent
Bankers					Siam Commercial Bank
					Unit C-7 2"' Floor
					CP Tower Building
					313Soi Silom 2/1
					Silom, Bang Rak
					Bangkok Thailand 10500
					+6622331727
					Siam Commercial Bank
					291Surawong Rd.,
					Khwaeng Suriya Wong,		Bang Rak,
					Bangkok 10500
					+6622337115-9
Auditor's					KPMG LLP
					15Canada Square
					Canary Wharf
					London
					E145GL
					United Kingdom
Members					Act for Peace - NCCA,	Australia.
					Christian Aid, United	Kingdom