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||||||PAGE:|
|---|---|---|---|---|---|
|Reference
and administrative||details ofthe Charity,|its Trustees|and advisors||
|Trustees'
Report|||||2-10|
|Independent
Auditor's|Report||||11-13|
|Statement ofFinancial|Activities||||14|
|Balance Sheet||||||
|Statement ofCash Flows|||||16|
|Notes to the Financial|Statements||||17-25|
|Trustees|and Directors:|and Directors:|and Directors:|Shawn D'Aguiar,|Shawn D'Aguiar,|(Board Chair)|(Board Chair)|
|---|---|---|---|---|---|---|---|
|||||Deirdre McGlashan||||
|||||Dr Anthony|House|||
|||||Gillian Smith||||
|Company|Registered||Number:|5824642||||
|Charity Registered||Number:||1122823||||
|Registered|Office:|||10Queen Street Place||||
|||||London||||
|||||EC4R 1BE||||
|Company|Secretary:|||Goodwin Procter UK||||
|Chief Executive Officers:||||Rachel Smith||||
|||||Alexandra
Ritchie||||
|Auditors:||||Prentis &Co|LLP|||
|||||Chartered
Accountants|||&|
|||||Statutory Auditors||||
|||||I IScMilton|Road|||
|||||Cambridge||||
|||||CB4 1XE||||
|Bankers:||||Barclays Bank Pic||||
|||||366 Strand||||
|||||London||||
|||||WC2R OHS||||
|Solicitors:||||Bates, Wells|&Braithwaite|||
|||||2 - 6 Cannon|Street|||
|||||London||||
|||||EC4M 6YH||||
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|BALANCB SHEET|||||||
|---|---|---|---|---|---|---|
||||2021||2020||
|||Notes|f,||||
|PIXED ASSETS|||||||
|Tangiblo assets||12|||||
|CURRENT ASSETS
Debtors||13|268,027||137,974||
|Cash at bank|||1,019,732||1,370,602||
|TOTAL CURRENT ASSETS|||I/ 87,759||1,508,576||
|LIABILITIES|||||||
|CREDITORS.
amounts|ihlllng due within one year|14|(428,089)||(658,790)||
|NET CURRENT ASSETS||||859,670||849,786|
|TOTAL NET ASSETS||||859,670||849,786|
|THE FUNDS OFTHE
Restricted
funds
Unrestricted
funds|CHARITY|||394,502
465,168||475,127
374,659|
|||15||859,670||849,786|
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|STATEMENT OF CASH|FL|OW|S|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total Funds|Total Funds|
|||||||||2021|2020|
||||||||Note|||
|Cash Flows from Operating||Activities||||||||
|Net cash provided
by operating
activities|||||||17|(350,899)|203,605|
|Cash Flows from Investing||Activities||||||||
|Interest trom investments||||||||29|545|
|Net Cash Provided
by Investing|||Activities||||||545|
|Change
in cash and cash|equivalents
in the reporting||||period|||(350,870)|204,150|
|Cash and cash equivalents|at|the|beginning|ofthe reporting||period||1,370,602|1,166,452|
|Cash and cash equivalents|at|the|end ofthe|reporting|period|||1,019,732|1,370,602|
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|GRANTS AND DONATIONS|GRANTS AND DONATIONS|Restricted|Unrestricted|Total|
|---|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2021||Funds|Funds|Funds|
|||2021|2021|2021|
|Donations||2,794,600||2,794,600|
|GlobalGiving
Foundation|||256,229|256,229|
|National
Lottery Community|Fund|148,630||148,630|
|USAID||129,036||129,036|
|||3,072,266|256,229|3,328,495|
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|E FINANCIAL
STATEMENTS .,,..,, ,,.., , ,,.,.. . .......3CON|E FINANCIAL
STATEMENTS .,,..,, ,,.., , ,,.,.. . .......3CON|E FINANCIAL
STATEMENTS .,,..,, ,,.., , ,,.,.. . .......3CON|TINUED|||
|---|---|---|---|---|---|
|GRANTS AND DONATIONS|||Restricted|Um estricted|Total|
|YEAR ENDED 31STDECEMBER2020|||Funds|Funds|Funds|
||||2020|2020|2020|
|||||f||
|Donations|||2,621,521|47,218|2,668,739|
|GlobalGiving
Foundation||||178,455|178,455|
|Services|in kind|||12,451|12,451|
|National|Lottery Community|Fund|318,706||318,706|
|Other|||91,224||91,224|
||||3,031,45]|238,124|3,269,575|
|CHARITABLE INCOME|Restricted|Unrestricted|Total|
|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2021|Funds|Funds|Funds|
||2021|2021|2021|
|||f.||
|Fees from corporate partners||127,969|127,969|
|CHARITABLE INCOME|Restncted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER 2020|Funds|Funds|Funds|
||2020|2020|2020|
||||f|
|Fees from corporate partners||70,796|70,796|
|Training
services||9,471|9,471|
|||80,267|80,267|
|INVESTMENT INCOME|Restricted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER 2021|Funds|Funds|Funds|
||2021|2021|2021|
|Bank interest||29|29|
|INVESTMENT INCOME|Restricted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER2020|Funds|Funds|Funds|
||2020|2020|2020|
|Bank interest||545|545|
|EXPENDITURE ON RAISING FUNDS|Restricted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER 2021|Funds|Funds|Funds|
||2021|2021|2021|
|Fundraising||937|937|
|Marketing
and website|974|1,462|2,436|
||974|2399|3373|
|EXPENDITURE ON RAISING FUNDS|Restricted|Unrestricted|Total|
|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2020|Funds|Funds|Funds|
||2020|2020|2020|
|Marketing
and website|873|1,025|1,898|
|ANALYSIS OF CHARITABLE ACTIVITIES|Direct|Support||
|YEAR ENDED 3 1ST DECEMBER 2021|Costs|Costs||
||(Note 8)|(Note 9)|Total|
||2021|2021|2021|
|Charitable
activities|3,405, 102|38,134|3,443,236|
|ANALYSIS OF CHARITABLE ACTIVITIES|Direct|Support||
|YEAR ENDED 31ST DECEMBER 2020|Costs|Costs||
||(Note 8)|(Note 9)|Total|
||2020|2020|2020|
|Charitable
activities|3,152,698|49,943|3,202,641|
|DIRECT COSTS|Restricted|Unrestricted||
|YEAR ENDED 31STDECEMBER 2021|Funds|Funds|Total|
||Year|Year|Year|
||2021|2021|2021|
|Project disbursements|2,869,896||2,869,896|
|Programme
costs|52,876||52,876|
|Wages and salaries|191,041|237,581|428,622|
|National
Insurance|17,071|20,645|37,716|
|Pension costs|7,260|8,732|15,992|
||3,138,144|266,958|3,405, 102|
|DIRECT COSTS|Restricted|Unrestricted||
|YEAR ENDED 31STDECEMBER 2020|Funds|Funds|Total|
||Year|Year|Year|
||2020|2020|2020|
|||8||
|Project disbursements|2,835,887||2,835,887|
|Programme
costs|27,341||27,341|
|Communications
and marketing|112|132|244|
|Wages and salaries|30,773|224,036|254, 809|
|Nationallnsurance|3,140|19,861|23,001|
|Pension costs|920|10,496|11,416|
||2,898,173|254,525|3,152,698|
||SUPPORT COSTS||Restricted|Unrestricted||
|---|---|---|---|---|---|
||YEAR ENDED 3IST|DECEMBER 2021|Funds|Funds|Total|
||||2021|2021|2021|
||Rent and rates||3,482|5,222|8,704|
||Travel and subsistence||206|310|516|
||Membership
subscriptions||798|1,197|1,995|
||Insurance||418|628|1,046|
||General office expenses||234|350|584|
||Telephone||156|234|390|
||Accountancy||436|1,106|1,542|
||Training
and recruitment||2,914|6,240|9,154|
||Volunteer
expenses||581|3,632|4,213|
||Revenue participation|fees|1,492|538|2,030|
||Governance
costs|||||
||Auditors'
remuneration||],580|2,368|3,948|
||Legal and professional|fees|1,076|1,616|2,692|
||Other||400|920|1,320|
||||13,773|24,361|38,134|
||SUPPORT COSTS||Restricted|Unrestricted||
||YEAR ENDED 3IST|DECEMBER 2020|Funds|Funds|Total|
||||2020|2020|2020|
||||6||6|
||Rent and rates||8,922|10,474|19,396|
||Membership
subscriptions||517|608|1,125|
||Insurance||273|321|594|
||General office expenses||164|192|356|
||Telephone||193|239|432|
||Accountancy||197|1,389|1,586|
||Training
and recruitment||425|3,472|3,897|
||Volunteer
expenses|||3,960|3,960|
||Revenue participation|fees|2,815|3,305|6,120|
||Governance
costs|||||
||Auditors'
remuneration||1,650|1,938|3,588|
||Legal and professional|fees|2,898|3,402|6,300|
||Other||],184|1,405|2,589|
||||19,238|30,705|49,943|
|10.|NET INCOMING RESOURCES|||2021|2020|
||This is stated after charging:|||f,||
||Auditor's
remuneration|||3,948|3,588|
|NOTES T|O THE FINANCIAL STATEM|ENTS|...||..,..JCO|NT|INUED|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||STAFF COSTS|||||||||2021|2020|
||Staff costs were as follows:-|||||||||||
||Wages and salanes|||||||||428,622|254,809|
||Social security costs|||||||||37,716|23,001|
||Pension conndbutions|||||||||15,992|11,416|
|||||||||||482,330|289,226|
||The wage and salaries figure for 2021 above includes|||||fees|paid to|consultants|to fulfil required|||
||positions.|||||||||||
|||||||||||2021|2020|
||The average number ofemployees|||during|the year was|as|follows:-|||13|ll|
|||||||||||2021|2020|
||The nuinber ofvolunteers|during|the year||was as follows;-||||||4|
||The following
number ofemployees|||received employment|||beneffts|during the year between:||||
|||||||||||2021|2020|
||f60,000 - F69,999|||||||||1||
|12.|TANGIBLE FIXEDASSETS|||||||Plant &||Other Fixed||
|||||||||Machinery||Assets|Total|
||COST|||||||||6||
||At 1st January 2021||||||||4,067|49,251|53,318|
||Disposals|||||||(4,607)||(49251)|(53,318)|
||At 31stDecember 2021|||||||||||
||DEPRECIATION|||||||||||
||At 1st January 2021||||||||4,067|49,251|53,318|
||Eliminated
on disposal|||||||(4,607)||(49,251)|(53,318)|
||NET BOOK VALUE|||||||||||
||At 31stDecember 2020 and 31st||December 2021|||||||||
|13.|DEBTORS|||||||||2021|2020
I|
||Other debtors|||||||||241,604|123,967|
||Prepayments
and accrued|income||||||||26,423|14,007|
|||||||||||268,027|137,974|
|14.|CREDITORS: AMOUNTS FALLING||||DUE IN LESS|||||2021|2020|
||THAN ONE YEAR|||||||||||
||Trade creditors|||||||||367,349|492,659|
||Social security and other|taxes||||||||13,895|11,531|
||Accruals
and deferred income|||||||||46,845|154,600|
|||||||||||428,089|658,790|
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||Other Restricted Fund
The fund holds money raised through
corporate partner
waiting
USAID programme
which commenced
from January 2021.|Other Restricted Fund
The fund holds money raised through
corporate partner
waiting
USAID programme
which commenced
from January 2021.|to be disbursed
and|the programme|costs for|
|---|---|---|---|---|---|
|16.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||Restricted|Unrestricted||
||YEAR ENDED 31STDECEMBER 2021||Funds|Funds|Total|
||||2021|2021|2021|
||||8|||
||Current assets||792,511|495,248|1,287,759|
||Creditors
due witbfn one year||(398,009)|(30,080)|(428,089)|
||||394,502|465,168|859,670|
||ANALYSIS OF NET ASSETS BETWEEN FUNDS||Restricted|Unrestricted||
||YEAR ENDED 31ST DECEMBER 2020||Funds|Funds|Total|
||||2020|2020|2020|
||||8|f.||
||Current assets||1,112,375|396,201|1,508,576|
||Creditors
due within|one year|(637,248)|(21,542)|(658,790)|
||||475,127|374,659|849,786|
|17.|RECONCILIATION|OF INCOMING RESOURCES TO NET CASH FLOW||FROM OPERATING||
||ACTIVITIES|||||
##
|ACTIVITIES|||||
|---|---|---|---|---|
||||2021|2020|
||||8||
|Net surplus
for the|reporting|period|9,884|151,571|
|Adjusted for:|||||
|Interest fiom investments|||(29)|(545)|
|Increase in debtors|||(130,053)|(95,000)|
|(Decrease)/increase|in creditors||(230,701)|147,579|
||||(350,899)|203,605|
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|||2021|2020|
|---|---|---|---|
|Office 'hot|desk'|6,000|2,000|
|Company|Secretarial Services|20,148|1,679|
|||26,148|3,679|