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2021-12-31-accounts

Page
Report ofthe trustees 1 to 12
Report ofthe independent
auditors		 13 to 16
Statement offinancial activities 17
Balance sheet 18
Cash flow statement 19
Notes tothe cash flow statement 20
Notes tothe financial statements 21 to 36

2021 2020
Unrestricted Restricted Endowment Total Total
fund funds fund funds funds
Notes 5 5 5 5 5
INCOME AND
ENDOWMENTS
FROM
Donations and legacies 3 156,226 310,532 466,758 455,001
Charitable
activities
ILDS activities 7,423
Investment
income		 4 132765 22 093 154858 85785
Total 288,991 310,532 22,093 621,616 548,209
EXPENDITURE ON
Raising funds 6 387,160 2,935 390,095 (49,056)
Charitable
activities		 7
Support the operational
costs ofthe RDTC in Moshi 24,234 85,758 109,992 101,972
IFD general activities 125,598 85,882 211,480 8,525
Student sponsorship 125,568 125,568 117,800
ILDSactivities 156,442 156,442 7,401
Community
Skin Health Journal		 8,575 52,779 61,354 3,936
Global Psoriasis Atlas 59,821 2,271 62,092 249,633
World Congress ofDermatology 114,342 114,342 (40,198)
WHO activities 180,147 180,147 17,379
Total 1,056,319 352,258 2,935 1,411,512 417,392
Net gains/(losses)
on
investments		 64 722 ~34837) 29 885 567 744
NET
INCOME/(EXPENDITURE) (702,606) (41,726) (15,679) (760,011) 698,561
Transfers between funds 17 ~237195 137195
Net movement
in funds		 (839,801) 95,469 (15,679) (760,011) 698,561
RECONCILIATION
OF FUNDS
Total funds brought forward 15,219,393 181,943 1,149,240 16,550,576 15,852,015
TOTAL FUNDS CARRIED
FORWARD		 ~277412 1.133.561 ~aM5 ~~76

2021 2020
Unrestricted Restricted Endowment Total Total
fund funds fund funds funds
Notes 5 5 5 5 5
FIXEDASSETS
Tangible assets 13 6,823 6,823 6,284
Investments 14 11698492 687517 12386 009 ~58437 II
11,705,315 687,517 12,392,832 5,849,992
CURRENT ASSETS
Debtors 15 33,135 33,135 13,517
Cash at bank and in hand 26797III 277412 446044 3403157 10750015
2,712,836 277,412 446,044 3,436,292 10,763,532
CREDITORS
Amounts
falling due within
one year 16 (38,559) (38,559) (62,948)
NET CURRENT ASSETS 2 674 277 277 412 446 044 3397733 10700584
TOTAL ASSETS LESS
CURRENT LIABILITIES 14,379,592 277,412 1,133,561 15,790,565 16,550,576
NET ASSETS ~14 7~ ~~ ~561 ~L5@
FUNDS 17
Unrestricted funds 14,379,592 15,219,393
Restricted funds 277,412 181,943
Endowment funds 1133561 1149240

2021 2020
Notes 5 5
Cash flows from operating
activities
Cash generated
from operations		 1 J7.005 896) 6396 178
Net cash (used in)/provided
by operating		 activities J1005896) 6396 178
Cash flows from investing
activities
Purchase oftangible
fixed assets		 (2,562) (2,955)
Purchase offixed asset investments (12,414,303) (5,885,921)
Sale offixed asset investments 5,901,887 5,963,847
Interest received 154858 85 785
Net cash (used in)/provided
by investing		 activities J6360120) 160756
Cash flows from financing activities
Income attributable
to endowment
Expenditure
attributable
to endowment		 22,093
~2935		 22,464
~6842)
Net cash provided
by financing
activities		 19158 15623
Change
in cash and cash equivalents		 in
the reporting
period		 (7,346,858) 6,572,557
Cash and cash equivalents
at the
beginning ofthe reporting
period		 1D750 D15 4 177458
Cash and cash equivalents
atthe end
ofthe reporting
period

RECONCILIATION
OFNET (EXPENDITURE)/INCOME		 RECONCILIATION
OFNET (EXPENDITURE)/INCOME		 TO NET CASH FLOW FROM OPERATING FLOW FROM OPERATING
ACTIVITIES
2021 2020
5 5
Net (expenditure)/income
forthe reporting		 period (as per the
Statement offinancial activities) (760,011) 698,561
Adjustments
for:
Depreciation
charges		 2,023 1,817
Gain on investments (29,885) (567,744)
Loss on disposalof fixed assets 428
Interest received (154,858) (85,785)
Income attributable
to endowment		 (22,093) (22,464)
Expenditure
attributable
to endowment		 2,935 6,841
(Increase)/decrease
in debtors
(Decrease)/increase
in creditors		 (19,618)
~24 3852		 6,359,898
4 626
Net cash (used in)/provided
by operations		 ~MS ~86~7

At 1/1/21 Cash flow At 31/12/21
5 5 5
Net cash
Cash at bank and in hand 10750015 ~7346 858I 3403157
10750015 ~73468582 3403157
Total ~Z5L()2.'! J~LaLI ~4~1

DONATIONS
AND LEGACIES
2021 2020
5 5
Donations 310,532 295,428
Subscriptions 156226 159573

4. INVESTMENT INCOME
2021 2020
S S
Portfolio income 154,829 85,650
Bank interest 29 135
~85 785
5. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity 5 9
World Congress fees ILDS activities
6. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
2021 2020
Support costs S S
(~11)
An analysis ofsupport costs is provided in note 8.
INVESTMENT MANAGEMENT COSTS
2021 2020
Portfolio management S~09 S
~1445
Aggregate
amounts

CHARITABLE ACTIVITIE S COSTS
Support
Direct costs (see
Costs note 8) Totals
5
Support the operational costs ofthe
RDTC in Moshi 85,758 24,234 109,992
IFD general
activities		 85,882 125,598 211,480
Student sponsorship 125,568 125,568
ILDS activities 33,968 122,474 156,442
Community
Skin Health		 Journal 52,779 8,575 61,354
Global Psoriasis Atlas 2,271 59,821 62,092
World Congress of Dermatology 5,052 109,290 114,342
WHO activities 102666 77441 180147
~121417
Support the RDTC in Moshi 583,821
IFD General activities 585,883
Student sponsorship 5125,568
ILDSActivities $30,000

Governance
Management Finance costs
Totals
5 5 5 5
Raising donations and legacies 279,079 77,265 3,562 359,906
Support the operational costs ofthe
RDTC in Moshi 17,955 6,002 277 24,234
IFD general activities 88,595 35,372 1,631 125,598
ILDS activities 93,459 27,737 1,278 122,474
Community
Skin		 Health Journal 6,490 1,993 92 8,575
GlobalPsoriasis Atlas 50,651 8,766 404 59,821
World Congress of Dermatology 81,967 26,119 1,204 109,290
WHO activities 62 653 14175 653 77481

Support cost , inclu ded
in t		 he above, are a s follows:
Support
the
Raising operational Community
donations costs of IFD Skin
and the RDTC general ILDS Health
legacies in Moshi activities activities Journal
5 5 5 5 5
Administration salaries 191,328 11,486 51,999 62,306 4,175
Social security 17,497 1,013 4,428 5,929 501
Pensions 7,629 592 3,491 2,737 197
Office rent and related 5,552 431 2,543 1,994 143
costs
Recruitment fees 16,340 1,269 7,481 5,866 422
Meetings and travel 649 50 297 233 17
Website 4,863 378 2,228 1,747 126
Postage and stationery 472 37 217 170 12
Branding 7,124 554 3,265 2,561 184
Sundries 119 9 54 42 3
Legal, professional and
accountancy 23,778 1,847 10,888 8,539 614
Training 1,674 130 765 600 43
President support costs 2,054 159 939 735 53
Bank charges 1,402 109 640 502 36
Foreign exchange 75,069 5,832 34,369 26,952 1,937
variance
Depreciation oftangible
fixed assets 794 61 363 283 20
Loss on sale oftangible
fixed assets
Auditors'
remuneration		 3,562 277 1,631 1,278 92
Board meeting costs

2021 2020
World
Global Congress
Psoriasis of WHO Total Total
Atlas Dermatology activities activities activities
S S S S S
Administration salaries 41,460 53,334 44,912 461,000 313,207
Social security 1,219 4,878 4,855 40,320 26,715
Pensions 865 2,579 1,399 19,489 15,959
Office rent and related 630 1,878 1,018 14,189 16,046
costs
Recruitment fees 1,854 5,524 2,997 41,753 3,071
Meetings
and travel		 74 219 119 1,658 8,506
Website 552 1,646 893 12,433 21,741
Postage and stationery 54 160 86 1,208 486
Branding 809 2,411 1,307 18,215 44,661
Sundries 13 40 21 301 436
Legal, professional and
accountancy 2,698 8,040 4,364 60,768 56,879
Training 190 565 306 4,273 8,927
President support costs 233 693 376 5,242 3,158
Bank charges 159 474 257 3,579 2,974
Foreign exchange 8,517 25,378 13,773 191,827 (815,179)
variance
Depreciation oftangible
fixed assets 90 267 145 2,023 1,817
Loss on sale oftangible
fixed assets 428
Auditors'
remuneration
Board meeting costs		 1,204 653 9,101 11,213
~22)
59821 7 481 (22L922)
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
S S
Auditors'
remuneration		 9,101 11,213
Depreciation -owned assets 2,023 1,817
Deficit on disposal offixed assets 428

2021 2020
5 5
Agency and subcontract staff 19,300 11,563
Wages and salaries 440,573 301,807
Social security costs 40,318 26,553
Employer contributions todefined contribution pension schemes 19488 15956
~7 ~87

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 Total
fund funds fund funds
5 5 5 5
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 159,584 295,417 455,001
Charitable
activities
ILDS activities 7,423 7,423
Investment
income		 63321 22 464 85 785
Total 230,328 295,417 22,464 548,209
EXPENDITURE ON
Raising funds (55,897) 6,841 (49,056)
Charitable
activities
Support the operationa Icosts ofthe
RDTC in Moshi (5,831) 107,803 101,972
IFDgeneral activities (110,738) 119,263 8,525
Student sponsorship 117,800 117,800
ILDS activities 7,401 7,401
Community
Skin Health		 Journal (11,571) 15,507 3,936
Global Psoriasis atlas 3,894 245,739 249,633
World Congress ofDermatology (40,198) (40,198)
WHO activities 17,379 17,379
Total (195,561) 606,112 6,841 417,392
Net gains on investments 525 259 42 485 567 744
NET INCOME/(EXPENDITURE) 951,148 (310,695) 58,108 698,561
Transfers between funds ~252 020 207 397 ~55377)
Net movement
in funds		 799,128 (103,298) 2,731 698,561
RECONCILIATION
OF FUNDS
Total funds brought forward 14,420,265 285,241 1,146,509 15,852,015
TOTAL FUNDS CARRIED FORWARD M~ ~ ~80 ~55~6

13. TANGIBLE FIXEDASSETS
Office
equipment
$
COST
At 1stJanuary 2021 16,007
Additions 2562
At 31stDecember 2021 18569
DEPRECIATION
At 1stJanuary 2021 9,723
Charge for year ~2023
At 31stDecember 2021 11746
NET BOOK VALUE
At 31stDecember 2021
At 31stDecember 2020
14. FIXEDASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At 1stJanuary 2021 5,843,708
Additions
&reinvested		 12,414,303
Disposals (6,101,688)
Revaluations 229 686
At 31stDecember 2021 12386009
NET BOOK VALUE
At 31stDecember 2021
At 31stDecember 2020

15. DEBTORS:AMOUNTS DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
S S
Trade debtors (1,373) 4,415
Prepayments
and accrued income		 34508 9 102
16. CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR
2021 2020
S S
Trade creditors 5,306 1,769
Other creditors 11,044 1,303
Accruals and deferred income 22209 59876
Deferred subscription income:
2021 2020
S
Deferred subscription income brought forward 640 500
Released in year (400) (200)
Received in advance during the year 340
Deferred subscription income carried forward

MOVEMENT
IN		 FUNDS
Net Transfers
movement between At
At 1/1/21 in funds funds 31/12/21
S S
Unrestricted
funds
General
fund		 15,219,393 (702,606) (137,195) 14,379,592
Restricted funds
IFD General (36,643) 36,643
IFD RDTC (24,117) 24,117
IFD Community Skin Health Journal (51,206) 51,206
IFD Persons with Albinism (15,229) 15,229
IFD IACS (10,000) 10,000
ILDSGlobal Psoriasis Atlas 141343 95469 277412
181,943 (41,726) 137,195 277,412
Endowment
funds
IFD (Moshi RDTC) Endowment Fund 1,149,240 (15,679) 1,133,561
TOTALFUNDS ~7&11)= = ~9()'i'
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
S 5
Unrestricted
funds
General
fund		 288,991 (1,056,319) 64,722 (702,606)
Restricted funds
IFD General 24,010 (60,653) (36,643)
IFD RDTC 187,209 (211,326) (24,117)
IFD Community Skin Health Journal 1,573 (52,779) (51,206)
IFD Persons with Albinism (15,229) (15,229)
IFD IACS
ILDS Global Psoriasis Atlas		 97740 (10,000)
~2271)		 (10,000)
95469
310,532 (352,258) (41,726)
Endowment
funds
IFD (Moshi RDTC) Endowment Fund 22,093 (2,935) (34,837) (15,679)
TOTALFUNDS (~411 12) ~ ~611)

Net Transfers
movement between At
At 1/1/20 in funds funds 31/12/20
5 5
Unrestricted funds
General fund 14,420,265 951,148 (152,020) 15,219,393
Restricted funds
IFD General (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
ILDSGlobal Psoriasis Atlas		 285 153 (10,000)
~103250		 10,000 ~181943
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
TOTAL FUNDS ILK'; ~Ksz6
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
5 5
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)
ILDSGlobal Psoriasis Atlas ~142489 (245739) (103250)
295,417 (606,112) (310,695)
Endowment funds
IFD (Moshi RDTC) Endowment Fund 22,464 (6,841) 42,485 58,108
TOTAL FUNDS 54L209 (~) ~ 6RKRG