OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Page
Report ofthe Trustees 1 to 13
Report ofthe Independent
Auditors
14 to 17
Statement of Financial Activities 18
Balance Sheet 19
Cash Flow Statement 20
Notes to the Cash Flow Statement 21
Notes tothe Financial Statements 22 to 37

2020 2019
Unrestricted Restricted Endowment Total Total
fund funds fund funds funds
Notes S S S S
INCOME AND
ENDOWMENTS
FROM
Donations
and legacies
3 159,584 295,417 455,001 9,562,232
Charitable
activities
ILDS activities 7,423 7,423 768,260
Investment
income
63,321 22,464 85,785 150,764
Total 230,328 295,417 22,464 548,209 10,481,256
EXPENDITURE ON
Raising funds (55,897) 6,841 (49,056) 212,588
Charitable
activities
7
Support the operational
costs ofthe RDTC in Moshi (5,831) 107,803 101,972 111,295
IFD general
activities
(110,738) 119,263 8,525 168,599
Student sponsorship 117,800 117,800 114,792
ILDS activities 7,401 7p401 139,177
Community
Skin Health Journal
(11,571) 15,507 3,936 61,343
Global Psoriasis Atlas 3,894 245,739 249,633 147,738
World Congress ofDermatology (40,198) (40,198) 145,510
WHO activities 17,379 17,379
Total (195,561) 606,112 6,841 417,392 1,101,042
Net gains on investments 525,259 42,485 567,744 545,482
NET
INCOME/(EXPENDITURE) 951,148 (310,695) 58,108 698,561 9,925,696
Transfers between funds 17 (152,020) 207,397 (55,377)
Net movement
in funds
799,128 (103,298) 2,731 698,561 9,925,696
RECONCILIATION
OF FUNDS
Total funds brought forward 14,420,265 285,241 1,146,509 15,852,015 5,926,319
TOTAL FUNDS CARRIED
FORWARD 15,219,393 181,943 1,149,240 16,550,576 15,852,015

2020 2019
Unrestricted Restricted Endowment Total Total
fund funds fund funds funds
Notes S S S S S
FIXEDASSETS
Tangible assets 13 6,284 6,284 5,574
Investments 14 4,694,468 1,149,240 5,843,708 5,353,890
4,700,752 1,149,240 5,849,992 5,359,464
CURRENT ASSETS
Debtors 15 13,517 13,517 6,373,415
Cash at bank and in hand 10,568,072 181,943 10,750,015 4,177,458
10,581,589 181,943 10,763,532 10,550,873
CREDITORS
Amounts
falling due within
one year 16 (62,948) (62,948) (58,322)
NET CURRENT ASSETS 10,518,641 181,943 10,700,584 10,492,551
TOTAL ASSETS LESS
CURRENT LIABILITIES 15,219,393 181,943 1,149,240 16,550,576 15,852,015
NET ASSETS 15,219,393 181,943 1,149,240 16,550,576 15,852,015
FUNDS 17
Unrestricted
funds
15,219,393 14,420,265
Restricted funds 181,943 285,241
Endowment
funds
1,149,240 1,146,509
TOTALFUNDS 16,556,576 15,652,615

2020 2019
Notes 5 5
Cash flows from operating
activities
Cash generated
from operations
1 6,396,178 3,035,026
Net cash provided
by operating
activities
6,396,178 3,035,026
Cash flows from investing
activities
Purchase oftangible fixed assets (2,955)
Purchase offixed asset investments (5,885,921) (107,975)
Sale offixed asset investments 5,963,847 21,922
Interest received 85,785 150,764
Net cash provided
by investing
activities
160,756 64,711
Cash flows from financing activities
Income attributable
to endowment
22,464 (111,799)
Expenditure
attributable
to endowment
(6,841) 35,061
Net cash provided
by/(used
in) financing
activities 15,623 (76,738)
Change
in cash and cash equivalents
in
the reporting
period
6,572,557 3,022,999
Cash and cash equivalents
at the
beginning
ofthe reporting
period
4,177,458 1,154,459
Cash and cash equivalents
at the end
ofthe reporting
period
10,750,015 4,177,458

RECONCILIATION
O
F NE T INC OME TO NET CASH FLOW FROM OPERATI NG ACTIVITIES
2020 2019
5 5
Net income for the reporting period (as per the Statement of
Financial Activities) 698,561 9,925,696
Adjustments
for:
Depreciation
charges
1,817 1,258
Gain on investments (567,744) (545,482)
Loss on disposal of fixed assets 428
Interest received (85,785) (150,764)
Income attributable to endowment (22,464) 111,799
Expenditure
attributable
to endowment 6,841 (35,061)
Decrease/(increase) in debtors 6,359,898 (6,291,715)
Increase
in creditors
4,626 19,295
Net cash provided by operations 6,396,178 3,035,026
ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/20 Cash flow At 31/12/20
5 5 5
Net cash
Cash at bank and in hand 4,177,458 6,572,557 10,750,015
4,177,458 6,572,557 10,750,015
Total 4,177,458 6,572,557 10,750,015

4. INVESTMENT INCOME INVESTMENT INCOME
2020 2019
$ $
Portfolio income 85,650 148,811
Bank interest 135 1,953
85,785 150,764
5. INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Activity 5 $
World Congress fees ILDS activities 7,423 768,260
6. RAISING FUNDS
Raising donations and legacies
2020 2019
$ $
Support costs (100,501) 171,752
An analysis ofsupport costs is provided in note 8.
Investment
management
costs
2020 2019
$ 5
Portfolio management 51,445 40,836
Aggregate
amounts
(49,056) 212,588

CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 8) Tota Is
$
Support the operational costs ofthe
RDTC in Moshi 107,803 (5,831) 101,972
IFD general
activities
119,263 (110,738) 8,525
Student sponsorship 117,800 117,800
ILDS activities 21,286 (13,885) 7,401
Community
Skin Health
Journal 15,507 (11,571) 3,936
Global Psoriasis Atlas 245,739 3,894 249,633
World Congress of Dermatology 6,303 (46,501) (40,198)
WHO activities 11,223 6,156 17,379
644,924 (178,476) 466,448
Included
in directs costs
were the following costs paid as grants;
Support the RDTC in Moshi $99,969
IFD General activities $109,279
Student sponsorship $117,800
ILDS Activities $31,223

Governance
Management Finance costs
Tota Is
$ $ $ 5
Raising donations and legacies 227,003 (332,093) 4,589 (100,501)
Support the operational costs ofthe
RDTC in Moshi 10,145 (16,200) 224 (5,831)
IFD general activities 105,959 (219,733) 3,036 (110,738)
ILDS activities 26,771 (41,226) 570 (13,885)
Community
Skin
I-lealth Journal 14,229 (26,161) 361 (11,571)
Global Psoriasis Atlas 43,912 (40,579) 561 3,894
World Congress ofDermatology 67,165 (115,258) 1,592 (46,501)
WHO activities 24,608 (18,710) 258 6,156
519,792 (809,960) 11,191 (278,977)

Support cost s , inclu ded
in t
he above, are a s follows:
Support
the
Raising operational Community
donations costs of IF D Skin
and the RDTC general ILDS Health
legacies in Moshi activities activities Journal
$ $ $ $ $
Administration salaries 141,402 6,060 53,902 16,252 7,896
Social security 13,508 567 4,372 1,570 657
Pensions 6,544 319 4,329 812 515
Office rent and related
costs 6,579 321 4,354 816 518
Recruitment fees 1,260 61 833 156 99
Meetings
and
travel 1,820 89 1,203 226 143
Website 8,917 435 5,896 1,107 702
Postage and stationery 201 10 131 24 16
Branding 18,314 894 12,116 2,272 1,442
Sundries 176 9 117 27 14
Legal, professional and
accountancy 23,326 1,138 15,428 2,894 1,837
Training 3,661 179 2,421 454 288
President
support costs
1,295 63 857 161 102
Bank charges 1,220 59 807 151 96
Foreign exchange
variance (334,231) (16,304) (221,149) (41,493) (26,330)
Depreciation oftangible
fixed assets 745 36 492 93 59
Loss on sale oftangible
fixed assets 173 9 117 23 14
Auditors'
remuneration
4,598 224 3,042 571 362
Board meeting costs (9) (6) (1) (1)
(1$L501) (11k238) (~11 71)

SUPPORT CO STS - c ontinued
2020 2019
World
Global Congress
Psoriasis of WHO Total Total
Atlas Dermatology activities activities activities
$ $ $ $ $
Administration salaries 34,265 38,685 14,745 313,207 247,662
Social security 840 3,468 1,733 26,715 21,156
Pensions 800 2,271 369 15,959 13,256
Office rent and related
cos'Is 804 2,283 371 16,046 15,300
Recruitment fees 154 437 71 3,071 4,814
Meetings
and
travel 222 631 4,172 8,506 30,830
Website 1,089 3,093 502 21,741 10,684
Postage and stationery 24 69 11 486 1,649
Branding 2,237 6,354 1,032 44,661 8,406
Sundries 22 61 10 436 2,894
Legal, professional and
accountancy 2,850 8,093 1,313 56,879 33,629
Training 447 1,271 206 8,927 7,870
President
support costs
158 449 73 3,158 3,485
Bank charges 149 423 69 2,974 5,244
Foreign exchange
variance (40,840) (116,001) (18,831) (815,179) 2,368
Depreciation oftangible
fixed assets 91 259 42 1,817 1,258
Loss on sale oftangible
fixed assets 21 61 10 428
Auditors'
remuneration
562 1,595 259 11,213 7,780
Board meeting costs (1) (3) (1) (22) 148,795
3,894 (46,501) 6,156 (278,977) 567,080

2020 2019
$ $
Auditors' remuneration 11,213 7,780
Depreciation
- owned assets
1,817 1,258
Deficit on disposal offixed assets 428

2020 2019
5 $
Agency and subcontract staff 11,563 7,262
Wages and salaries 301,807 240,399
Social security costs 26,553 21,157
Employer contributions to defined contribution pension schemes 15,956 13,252
355,879 282,070

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Endowment Tota I
fund funds fund funds
5 5 5 5
INCOME AND ENDOWMENTS FROM
Donations
and legacies
9,129,751 432,481 9,562,232
Charitable
activities
ILDS activities 768,260 768,260
Investment
income
114,282 36,482 150,764
Total 10,012,293 432,481 36,482 10,481,256
EXPENDITURE ON
Raising funds 206,886 5,702 212,588
Charitable
activities
Support the operational costs ofthe
RDTC in Moshi 21,749 89,546 111,295
IFD general activities 92,641 75,958 168,599
Student sponsorship 114,792 114,792
ILDS activities 139,177 139,177
Community
Skin Health Journal
22,487 38,856 61,343
Global Psoriasis Atlas 55,411 92,327 147,738
World Congress of Dermatology 145,510 145,510
Total 683,861 411,479 5,702 1,101,042
Net gains on investments 494,022 51,460 545,482
NET INCOME 9,822,454 21,002 82,240 9,925,696
Transfers between
funds
(179,405) 179,405
Net movement
in funds
9,643,049 200,407 82,240 9,925,696
RECONCILIATION
OF FUNDS
Total funds brought forward 4,777,216 84,834 1,064,269 5,926,319
TOTIII FORDS FARRIROFORINARD 14420 265 285 241 1 146500 15852 015

13. TANGIBLE FIXEDASSETS
Office
equipment
COST
At 1January 2020 16,832
Additions 2,955
Disposals (3,780)
At 31December 2020 16,007
DEPRECIATION
At 1January 2020 11,258
Charge for year 1,817
Eliminated
on disposal
(3,352)
At 31December 2020 9,723
NET BOOK VALUE
At 31December 2020 6,284
At 31December 2019 5,574
14. FIXEDASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At 1January 2020 5,353,890
Additions
& reinvested
5,885,921
Disposals (5,963,847)
Revaluations 567,744
At 31December 2020 5,843,708
NET BOOK VALUE
At 31December 2020 5,843,708
At 31December 2019 5,353,890

2020 2019
5 5
Trade debtors 4,415 (1,245)
Prepayments
and accrued
income 9,102 6,374,660
13,517 6,373,415
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
S 5
Trade creditors 1,769 1,706
Socialsecurity
and other
taxes 4,811
Other creditors 1,303 1,303
Accruals and deferred income 59,876 50,502
62,948 58,322
Deferred subscription income:
2020 2019
S S
Deferred subscription income brought forward 500 196
Released in year (200) (196)
Received in advance during the year 340 500
Deferred subscription income carried forward 640 500

MOVEMENT IN FUN DS
Net Transfers
movement between At.
At 1/1/20 in funds funds 31/12/20
S 5
Unrestricted funds
General fund 14,420,265 951,148 (152,020) 15,219,393
Restricted funds
IFD Genera I (66,359) 66,359
IFD RDTC (96,771) 96,771
IFD Community Skin Health Journal (14,315) 14,315
IFD Persons with Albinism 48 (20,000) 19,952
IFD IACS (10,000) 10,000
ILDS Global Psoriasis Atlas 285,193 (103,250) 181,943
285,241 (310,695) 207,397 181,943
Endowment funds
IFD (Moshi RDTC) Endowment Fund 1,146,509 58,108 (55,377) 1,149,240
TOTALFUNDS 15,852,015 698,561 16,550,576
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 230,328 195,561 525,259 951,148
Restricted funds
IFD General 22,904 (89,263) (66,359)
IFD RDTC 128,832 (225,603) (96,771)
IFD Community Skin Health Journal 1,192 (15,507) (14,315)
IFD Persons with Albinism (20,000) (20,000)
IFD IACS (10,000) (10,000)
ILDSGlobalPsoriasis Atlas 142,489 (245,739) (103,250)
295,417 (606,112) (310,695)
Endowment funds
IFD (Moshi RDTC) Endowment Fund 22,464 (6,841) 42,485 58,108
TOTALFUNDS 548,209 (417,392) 567,744 698,561

17. MOVEMENT IN FUNDS - continued FUNDS - continued
Camparatives for movement in funds
Net Transfers
movement between At
At 1/1/19 in funds funds 31/12/19
$ $
Unrestricted funds
General fund 4,777,216 9,822,454 (179,405) 14,420,265
Restricted funds
IFD General (64,452) 64,452
IFD RDTC 32,387 (88,502) 56,115
IFD Community Skin Health Journal (37,382) 37,382
IFD Persons with Albinism 48 48
IF D IACS (9,950) (11,506) 21,456
ILDS Global Psoriasis Atlas 62,397 222,796 285,193
84,834 21,002 179,405 285,241
Endowment funds
IFD (Moshi RDTC) Endowment Fund 1,064,269 82,240 1,146,509
TOTALFUNDS 5,926,319 9,925,696 - 15,852,015
Comparative net movement in funds, included in the abave are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
$ $
Unrestricted funds
General fund 10,012,293 (683,861) 494,022 9,822,454
Restricted funds
IFD General (64,452) (64,452)
IFD RDTC 115,836 (204,338) (88,502)
IFD Community Skin Health Journal 1,474 (38,856) (37,382)
IFD Persons with Albinism 48 48
IFD IACS (11,506) (11,506)
ILDS Global Psoriasis Atlas 315,123 (92,327) 222,796
432,481 (411,479) 21,002
Endowment funds
IFD (Moshi RDTC) Endowment Fund 36,482 (5,702) 51,460 82,240
TOTAL FUNDS 10,481,256 (1,101,042) 545,482 9,925,696