Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 Company registration number.. 06717649 Charity number.. 1127778 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) MENZIES BRIGH:TER THINKING
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) CONTENTS Page R•f•r•n¢• and •dmlnl•tMtlv• d•l•ll• ol tho Cornp•ny. Its Tru•t•M and advl•rn Ch•lmi•n' •t#t•m•nt Tru•t•••' roport Ind•pgnd•nt •XAmln•rf• r•port stst•m•nt ol ff n•n¢l•l Actlvlil Balanc• •hMt Not•• to th• fln4n¢l•l •t•t•rn•nt• 10-16
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 R Scofleld D MeGulr P Weis8 J Gre8m¥ay Comyny rogl•t•r•d numbgr Ce717649 Ch¥rlty regl•t•rod numb•r 1127778 R•9l•t•r•d offl¢• Lynton House 7-12 fAwstoek Squaro London C1H 9LT CoMnY •Krntary C Zakrewsky A¢¢ount•nts M•nzi*J LLP Chartered Ac¢ounlonts Cenlrurn House 36 Station Road Egham Surroy TW20 9LF Soll¢ltor• Cown9ton & Burling LLP 265 Strand London WC2R IBH Ind•p•nd•nt Exarnln•r Janice Matth8w9 FCA M8nzies LLP Chartered Accountants Cgntrum House 36 Statson Road Egham Surr¢y TW20 9LF
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 The ehalmian pr•wrt• h1• 8tatsmont forth year. 2021 wa$ a good year for FINCA UK. W• hil a key rnSle8ton8 a8 our roeord•d income 8uwE8d £250,(hJO th• fv8t lrn• •8 th6 fwjo on r8latk)n•hip bulldng and prrffjpoeting for new DPP)rtunh1ts8 do1ed result•. W• alw glft• In klnd anti prfybcfio iupport in¢rea88 and ¢ndgd tho yéar In a laity 8tronu po$ibon. Mwh ol thè yèar wa8 8p¢nt tr¥Jik1mg relab"onthip& wtth key pgrtn•r6, IdenttyiDg new oppJlunbU88 lo bulld 4 Btrong8r plpeline lor the futum. It h 81•ts worth fiotlng that aa wdl th8 r8ts)rd8d Incom8 ¢)n th• FINCA UK annu41 a(%ounts, FINCA UK h88 helped lo oecure oddllonal ndIng from UK and Eurowan donorn, Includlng 8 olx-ffgurg k)&n to BMghlLlfe. FINCA'S $018r soug1 •nt•rpriw In Uganda, from an Indfvldu mw donor In Janu 2021, and almo41 UO,CO) In PTogramm• knd• for FINCA Z•mbl• from a UK foundatknn In May 2021. One of my por•oMI hl9hlKiht8 trom our Ihl• y•ar Indud•d • container ol p•rnollal prot•dv• •qulpmont In th8 fomi of 1.5 mllllon m&ski, wNth we 8hipF4d to Uaand• to •upport th• com1? r•4)on8e. The mBBk8 wer8 uJ8d by FINCA Uuando and BftohtLW• to keep our •taff and cllontl $8fo, 88 48 belno uwi In partnernN'p wilh the Min18try ol Edue•llon, to Support rOpenIng of••uJndary 4¢lpx4• hpd beon cb••d for mu¢h rrfthè eounlry'i lo¢kdThvn. A8 4loYa. we mult extend our grnltude to 1 ofwr partn•rn ond •upport8r8. Our l• al•0 dIrKY Ilnk&d to th• hard work of ourtwn. W• hav• made Some gLyl progre88 Ihl• y•8r, and I would Ilk• io pornonalty thaf& th¢ whd• FINCA t•am for thdr angr. eommltm•nl. and in driwryJ our m1801on foNi•rd. Movlng h)rw8rf, we hop? lo contlnue our upward tr2i8ctuy. 8ecuT• rnor• fvndhg to •xp•nd FINCA'8 IrtTrort•nt work •¢ro86 tho alobe nur alrn l• to croat• opportuni1188 that offer exduded peopb, particldarty women, n¢w opportunme lo aEc•M finane• a$ well a6 lilHnhandna products and •ervI •cro•8 de•n enorgy •olutknn8, w•terl•ttthti¢Trlhygl•ne (WASHI, hgalth. agrir#Jfture, ond finandal technolcqy lflntKhl. Thank you for your conlnu8d 8upport. Ploam rem•mber that w• 4MtayB neod new •upport•r• lo pte••• •h•r• our w(¥k wRh your n•tsv04. an ot us Ilwe can 8hw• aiiy Inform#tk)n wrth your ¢>)n¢ad8. Pwoi Chalmwn Page 2
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Th8 Trustses pr¢s$nt Ih&lr annual report together with the financial ststements of the group 8nd the company. The Foundaoon lor Intemational Community Asslstanco IUKI (also known as 'FINCA UK'I for the 1 January 2021 to 31 Decernb?r 2021. The Trustees confimi that the Annual Report and financi81 statements of the company comply wth th current statutory requirements, thè requlrtmènts ol tho e¢mpany'$ governing doeurn•nt and th• prowsions of th¥ Statemont of R•comm8nded Prath¢ ISORPI, applieablè to ¢harib"e$ preparing Ihoir 4ceounl$ in a¢eordan¢• with th9 Fln8ncl81 RepoTh9 StAndard applS¢abl• in the UK and Republic of Ireland IFRS 1021 leffectNe 1 January 20191. Since the company qualifi8s as small under section 383, the stratsgie roport required ol m6dium and largo c¢mpanl under The Companies Act 2006 Istrattsgic Report and Diroctort$ Rèportl R•gulalion$ 2013 1$ not rèqulrad. STRUCTURE, OOVERNANCE AND MANAGEMENT Con•tltutlon The company is registered As A eharttabl¢ Company MIl$d by gu8ranl¢o and 1$ 9¢M• by o Mamorandum ond Arfdos of Assoclalion last Amernd•d on 25 Sgptgmbgr 2019. The tharity was reg1s1gred with the Charity Comrni?sion on 29 January Tru•t• The lollowlng 88md as trustaes durfno #r..- P W•i>8, Chalr R Scofield D McGuiro J Greenaway Mglhod of •pptslntri•nt or •1gctlon of Tru•t•o• The Chaflty appoints new Trustèes by carefully selocting th& functional skllls that are wuired for the developmént and thè gov•rn8nc• of FINCA UK. Qu81if gd Tru?tss¥ arg appolntgd by general rejolutlon ol the mgmber¥ tho recommendation tyfthè Tw¥lto$. The Board ol Trustees, which must have at leost thTee mambers, provides governance and overslght ol th• Charty and mè6ts at18ast thm times 8 yèar gnd moro ffwugntly If wquirad. Organl¥•tlon•l Stru¢T• FINCA UK supports thtr mission gnd $10n of FINCA Intèrnatlonal, Inc., a not-for-profit corporatlon org#nis8d undaf tho law$ ol Iha Stata of Nèw Yoth with a deslgnation as a publie charfty undér saction 501lcl 131 of th• United Stats$ Internal Revenue Code. Through its agency agreement with FINCA Intemabon81. Inc.. FINCA UK utilises the powerful net¢4ork and outreach of FINCA to operate and deploy lunds in direct programs in 20 countrie6 across Africa, Eurasia. Latin America. the Middle East and South Asia and to invost In companies that d•llver life*nhancing products and service$ In SLY koy areA5 lènergy, edue81ion, WASH 'w?¢er, $¥nitalitsn and hygiam,, ha8lth, #gule, fintech) In 31 eountrles. 08JECTIVES AND ACTMTIES Objects The Charity's objects as set out In its Afticles are as followg'.- The prevenb.on al rèliel of povèrty and distress, The advancement of global he81th and nuln'ts'on. The prornotion of education, and The proteclion and preJeNafjon ol Ihe natural 6nv¢ronment. In each c8se Ihrough the creats'on and developtnent of lasting solution3 to inlractable Sla1 problems impacting the INe5 of low income individuals and families, and the communities in which they live. Page 3
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Pollel•i and obl•ctlv•• FINCA UK'8 mlsslon 45 to Impro liv•llhood$ through $ustainabk8 m•rket¥sed solutlonB wlth the p)wer to radIClY transfomi the lives of disadvantaged people in low-inc¢Jrne countries. enabling them to bulld assets, r8i8g th•lr Ilwng standaids, and creatè jobs for their local comrnunits'es. FINCA do8$ thi8 by creating markets that offer axdudad poopl•, partreularfy w¢rn•n, ngw OPPOrtunits'gs to e$S financ• as well as lifenhanung products an¢t 8èrvleès Acro$$ cloan èneryy 801utiori8, watorl¥onltstionthygiene (WASHI, 8ducatlon, health, agricuttu, and finandal tgchnology Ifint8chl. Mln etlvlt1 undortak•n to fvrth•r th• charlty• purpo••• lor publle b•n•fft FINCA UK provldes public benefit by provldiNg flnonelal $upport #nd no¢eary grjnts to relalod organlsallons servlng the advancement ol 118 objactives. which are th& provision of finanrAal services and Products to Individual and groups ol trntrepraneurs and small ¥caie businesses. enabling these bu8ines6es to 8tart. grow, and dlversify. resulting In Iner888è$ In f8mlly income, nutrition, employment and wellthing. Further, FINCA UK advanc8 its charltabla mimlon by providin9 finantral Support lo related organisatlon$ that ara we19 to prowdo $USt8inabl long-t•rm sotiCIn8 lo poverty that empower people to improve their o%n Ilvas &e¢gss lo non-finaw•l good# that Bre critical lor lrnprowng health and wellbeing, increasing productivity and all&vlating poverty. Thij also indudes supporting organlsations Ihal aro W0ng wllh VAfious soci81 •nt&rpfls98 le lever89e the power ol the privale sector to r8duce pov8ty In emerging m9rkets Around lh¥ worfd. FINCA UK afso provides public benefit by supporting Innovative 8olutions in off4rid energy, watèr and aanitstiort, •dUtion, hgatth care and agricutture that address the challenges laced by vulrable populab"on$. The Trustees have referr•d to tha Charity Carnmisslon's guidan on publi¢ benefit when revlgwlng the chariV3 alms and obl•cti5 And In planning future activitie$. In PBrti¢ul8r the Trustees have considered how planned activit5 will eontrfbut lo tho 8im$ And objgclives they have set. ACHIEVEMENTS AND PERFORMANCE R•vl•w of 4dl¥ltl•• Publk Oulr••ch The objoctSvo of thls aetivity was to raisg awargng8J about the lrnportanco ol financlal Induslon, the benefft8 01 soclol entrepreneur¥hip and the need for venture philarlthropy. Fundr•l•lng Th• 8Ctiwty 8irned to ralse fiJnd5 In support of FINCA UK'S focus prograrns.. BrightLSfe, our Ugandan solar ènèrgy soelal gnterpri99, and Ihg Lamp Library initiative. pro¥rridiDg solar lights lor schools to improve children's edu¢atth. Wa also raise funds lor FINCA'S nth¢Nk of MIcrofinan bank8, and FINCA Venre$ Impact Invèstrnant Imi. In•titut141n Bulldlr The Board of Trustees developed a strategy for FINCA UK to maintain a minlmum wsl St¢bj whSla r6¢ruit4n9 new Board members and developin9 nèw rglon$hip$ th potonti¥l major ¢Jgriors. Grant• Th8 primary purposa olgranl oxpendilure w•$ to prod incre8$gd k)an ¢8pitsl and fund capital 8xpenBes. Page 4
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 FINANCIAL REVIEW Golno eort¢•rn The Trustee8 have reported that FINCA UK had rè59Nè$ 01 £13.245 at 31 December 2021. The Trustees have consldared the cash flow forecasts, budg•ts and oth8r fin881 projections including the Support Commed by FINCA Int8rnth"onal, Ine. and for this r$8s¢n beligve it Ss 8ppropriate to adopt the going concem basis in prepanng the annu81 report and Aceounts. AlthoLigh th8 global p8nd8mic conlnues to create uncertainty across tha fundraising landscape, the58 reserves 118upport FINCA UK'S expenses for thè coming year. Currènt proj8¢tion$ are Jhowing that FINCA UK will be a strong position and is expected to m•at all tha outgoings FINCA lnlom8ts.onal has budgeted for providing iniercompany support in 2022 if requlred. Rl¥k m#nAg•m•nt FINCA UK'& Board h89 ovarall Msponsibility for lh• •¥tsblithed and overslghl of the organlsatlon 5 d9k manag8ment trarnewort. Resources and chang9$ In management are consklered lo be the charlty's prlncipal rlsks and the Board, ther•for•, monitory these ragularly to mrtig8t8 the potential op8rational impact by taking approprrdtè aetion whgrg nouss8ry. Confllcts ol Int•r••ts Th8 Board of Trustees ar• raquired to comply with their general duties and properfy dSsdose And conflicts ol Int8rosts that may ri88 in Ihg cour¥¢ ol perforrning their dLrtie6. One rnember ol the Board of Trustses selves as an offle¥r of FINCA InlematitsnAI, In¢. Thg reslricliong on (he actsvities ol the Board ol Trustees wthin the scopo ol activit$ performed for FINCA UK will nol appty to the actlvlties wlthln the en110S whèr0 tY servg or opgro19. Th9 Board wil conslder th888 relationships in its managemènt ol FINCA UK. Whtre g ¢onflid 1$ dlred or identified. the Twslees must declare conflict ol intor8St imtnèdlataly and flag any po$$ib1lty that personal or widgr Interests could influence derA3ion-maklng by comrnunlcalng In wrftlng to Ihe Chair of the Tru8teeJ, or In the case of the Chair having th• conflict. to ono of tha other Members ol the Board. Prlnclpil aetlvltl•• In¢omlng R8sourc&$ In 2021 FINCA UK recelved £254,85112020'. £195,372) of tsnrestrlct8d lunds, including donatgd gf in-kind service3, from its Ind'dual donors. In 2021. FINCA UK received support from FINCA Intemational. Inc, Services, performed as part ol th8 gganey 8groem6nt befv40en FINGA Intemational. Inc. and FINCA UK. includ8d management, accounlng and rnarkgts'nglcommunicats'ong servKe8. Thig value ffom FINCA Internotional ha¥ not beon quantifièd lor inclu$irm in the financial 5taternents. In 2021 HNCA UK rg¢olv8d £5,49812020'. £54,210) of donor restricted fvnd8. In 2021 the following grants wer8 mobrIed from UK and EU4a$ed fundern.. £79.477 In fundlng trom Comle R¢lial and J¢r$¥y Overseas Developmgnt IJODI to support upgrading FINCA Zarnbia's agent banking n?Iy40rk, reaching urnder9¢ed population segments through financial technology Innovation, $100,000 loan from a private individual to BrightLife, FINCA'S solar •nergy social •nt•rpiis8 in Uganda. Becausè thes¢ grants We made diredy to FINCA enbb'es. as noted above, they ¢Jo not show as incom8 ijn FINCA UK accounts. Cost olgenèftating fvnds In 2021 FINCA UK spent £51,98412020.' £38.3701 in luThJraising costs. the majority being tha cost of onb intsrmediate staff membar. Pw5
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2021 Charftabh ocIIThs In 1, FINCA UK S1 £250,151 12020.. £99.9211 a8 dlrethd program expenJéb In lfv) FINCA pr(¥4rarnrr ofBnoMLffo In Ug8nd8, and FINCA lrnpa¢t Flnanco in Ugand#. Inrjuded In unr•#tn'dgd thaAtabl• actr¥Me& expendra are £21,194 12020". £20,562) of 8UF%)Ort •1. PLAN8 FOR FUTURE PERIOD8 FUr• d•v•l•pm•nts GN•n thil 2021 •xp6rn¢ed Bknllar reautt8 98 In prkjr y•af4. lh• 8o&rd eonlnued on a rIte9Y DI do¥dor4 relaltonahlp• wllh Indfvldual• who mgy boc4m• mqi(¥ donorn, tru•lJ and loundatiorth and •$ w•ll ai malntaln a mlnlmum ofexpen••8. TRU8TEE8' REapoN8IBIUTIE8 8TATEMÉNT The Tru•te¢8 (whD w• dlrector• of Th• Foundooon ol Int•malkJMI Commurlty A••18tanrA (UK) for tho wirpo••• of ¢panY lawl ar• r•wn8lbl8 for prep8rlng thè Tru8t8•1' Report and the fin•neial thtefn•nli in vxrd4ntsk wlth qppllc4bl• law ond Unrted KInrn Attwntyng Standard8 (Untted Kinwlom Gen8r81ty A(Yepled A¢n9 Prgclc41. Compary rnqulre4 Tnwt8e• to flnandal •lal•mènts lor I¢1•1 ymr, Undw )MPanY tho Tru8t¢•$ muit not approve lh• financal 6tatBrn8nta unle81 thgy ore Sa18d that thgy q1¥6 • tru• ¥nd falr of the 8tate ol affalr8 of tho cheble )mpanY ind of th• Incomlno r8oourc•8 and apIctIon of ioaourc•, Includlng the Irthm• an¢J •xP•MlttU, ofthe thadtsbl• Company lor th41 perlod. In pr•parlng th•w finan11 bt#larnent•, the Tnmteau arn roqutred to., •eleet 8Urtabte a¢wunUny poliw• and th8n apply them CAm•lthnty,' ob••rye Ihe m•thod¢ and prfn¢4pl?I In the Charttio• SORP., make judgments and 8orountlng ••llmale• that are ro@s•blO 4nd prudent., pr•pare the financial Btat8rneDtb on thB going Co8M ba816 unf••g 1118 In•ppropdat• lo that th• eharllable ompany wlll eorfnu• In tron. Tru•tee4 a mPDn8ible for keeng ad8quate a¢uunUn4 r•cord$ are $ufnc4•nt to and explain tho tharftable r¥Jrnp8ny'• tr4n8acltons and dts¢496e wilh rea8iJnBble accufacy ot any tlmt the financial p0son ef the ch8ntabtg company enable them to enwre thal thB fin8na81 st8tm8nl¥ cornply wrth lh¢ Compan6 Ad 2CII8. Th8y a 8180 r•spondble for •al•guarding the aJovtB of the Charttablts eompany h•nc• for taknng roaWna• •tsp• lor Ih? prnvenllon dete¢tlo olfr¥ud and Olher irrogul8rlti88. Approved by order m8mb8f• board of TN•ts•• and •ign•J on thdr beholl by.. PW•l Chairman Date.. P¥J• 8
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) MENZIES INDEPENDENT EXAMINERS, REPORT Ind•p•nd•nt •x•rnln8rf¥ report to th• Trusts•i ol Th• Foundatlon for Intorn•tlon•l Communlty A••l•tan¢• IUKI I'th• Comp4nll l report to the charty Tru8ts68 on my èxamination ofthe accounts ofthe Company for th8 year ended 31 Dècambtsr 2021. R••pon•lblllllM ind bi•l• of mport As th• Trust•99 of tho Company land its dIoOr$ for the purposas ¢f comp8ny1owl you are re8pon$lble forthe pr8paradon of thè 8¢¢ounts in a0rdnCe wrth th8 requiremants olthe Compan508 Act 2006 Ilhe 20C6 Act'l. Having satisfied myself that the ac£ounts of the Company are not required to be audrted under Part 16 01 the 2006 Act and are eligibb for independent •xaminatson, I r¢port in reypect of my examination ol the Company's aecounts eatti8d out under section 145 ol the Charities Act 2017 I'tre 2011 ACVI. In cdrylng out my 8xqmlnaon I hav8 1011¢)d Ihé Dlro¢Uon¥ given by th¢ ChAnty Commi$$ion undgr 3ection 14515llbl of the 2011 Aet. Ind•p•nd•nl •x•mlngrf• •t4t•rn•nt Sln¢e th• Companls grogs inMme •xeé•d8d £250.000 yoor •xomin•r rnusl be a mernber ofA body Ilstsd In etIon 145 of the 2011 Act. I confim that l am qu81if10d ¢0 und9rtske the examination because l am • mernber ol Th• Ingtitut• of Chartered AOUntantS In Engl8nd and Wales , whlch is one of the listed bodies. I have completed my Sxamination. I Confi that no matters havo com• to my att•nlon In conn•¢tlon wilh Ihg exarnlnalon glvlng eau59 to b?Ilevo'. a¢wunting recordj were not kept In r•gp8Ct of tho Company 0$ requlr¢d by 8t¢tion 386 01 tho 2006 Act,. or the accounts do not accord with thos6 r•cords." Of the accounts do not comply with th8 accountlng requirementg of sgction 398 ol the 2006 Act other than Any r8quiremenl that th8 aecounts 9ive J 'lrue and fair, view which Is not A mattor consid8r8d as part DI an Indoptrndonl xamlnatlon., or Ihg Onts have not been prepared in aceordanc& wbth the rnèthods and prlndpl8$ ol the Statement of Re¢ornmgnded Practice for accounting and r•porting by ¢harill¢¥ lapplicable lo tharil'es preparing thelr accounts in accordan with th8 Flnandal R•porting Stsndard applic3ble in the UK and Republic of Ireland IFRS 10211. I hav8 no concèms and hav8 Come acr9¥3 no other matter5 in connectlon th the examlnalon to vthSch att$nti¢n 8houkJ be drawn In this report In ordor to enable a Proper understanding ol tha afLounts to be raached. This report is rnode solely to the Company's Trustees. as a body, In ac¢ordane with Part 4 of tho charities (Accounts and Reports) Regulalons 2008. My work has been undertak?n $0 th8t I might $tste ¢0 the Company's Trustee$ those matt8rs I am required to stats to thèm In an IndgP9ndgnt Examine¢s Report and for no other purpose. To the fullest oxlént pgrrnittgd by 18w, I do not aee¢pt or 38surne responsibility lo anyone other than the Company and the Companys Tru$tse8 35 a bthly. for my or for this report. Dc¢u8n by.. Signe jÉl(L Dated.. 27-Sep-2022 Janice 71... Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF Pag6 7
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Unr••trl¢t•d fund• 2021 R••trlct•d lund• 2021 Total fund• 2021 Total lund8 2Q20 N¢t• Incomg Irom: DOnaOn8 and legachrys 254,851 5.498 260,349 249.$82 Totsl Ineom• 204,861 6,498 260.345 249.582 Exp•ndltur• on.. Raisin9 lund3 Charitabl8 aGUM'tle8 61,984 257,48) 51,984 271,345 38,370 120,483 13.162 T¢tsl 8xp•ndltur• 309,487 13,862 323,329 158,853 Ngt rnovorn•nt In fvnd• 154,8161 18,3641 162,9801 90, 72• R•¢onclllatlon of fund•: Total funds brought fomard Nèl movèmènt in fvndB 67.861 104,6161 76.226 182.9801 f14,504) 9Q,729 18,3641 Totsl fund• c•rrl•d forward 13,248 13.246 76,225 Th? Slotemenl ol financial aCtt¥&S Includ•s all gaini 3nd lo$$¢J rwnised In Ihe year. The notes on pages 10 to 18 lorm part of these financ4al staternents. Paga 8
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) REGISTERED NUMBER: 06717649 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Cumt Debtors Cash 8t bonk and kn hand 8,377 89.344 10.322 16,322 77,721 Cr•dttor8.' duo wmhln ong y 12.077) 11,496) N•t ¢urr•nt ••MI• 13,246 76,225 Total •u•t• I• ourr•nt Il•tslllll 1J.24 76.225 Total n•t ••J•ts 13.241 70.225 ChAdty fund• R•8tricted UnrootrK•d hm 10 fo 8.384 87,861 13,246 Tot•1 lund• 13,246 76.225 Th• Cornpany wa• •nltknd to •xgmpYon frorn •LKlIt ••cllon 477 ofth• Compan1•• Act 2LTh. The ffl•mbDrn h&vD Tr)1 rnquknd Iho cthmpury to obtaln an 4udtt fry lh• yr In qu••lon In •C¢Ord•n wlth •¢ctkn 47e Compani•• Act 2. Thè TnJ8tsei •cnl&dO• thelr f•&l81b1Imlt9 for ccffjplyhig wlth r•qulr•ment8 ol the Act wth rewct to •w)tIng record• and pr•paraUon ol flnandal 8latements. The fin8ndo18tat•mant¥ havè pTrp#r•d In aci4>rdarrA wKh tho pro¥i¥kn¥ aWlcabl• ID qnUtip# •ubJ8¢1 to the •mpll mpaniei reglmo. Th? fina#a•l ts w•r• arprov•d aulhorkn•d for iMu• by the Tru•te•• and •llln•d on It¢•lr b8haifby.' Datw. Th• nota6 on page8 10 to 16 part rAtho8• fmanclal 81atoments. Page 9
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 G•n•ral Infomiatlon FINCA UK 13 a PriV8te charitable company, lirnited by guarantee. registered in Engtand and wa5, rtgl$tratson number 06717849. The registored offiea is Lynlon Hou$8. 7-12 Tavistock Squaro. London, WC1H gLT. The charity 18 a Publlc Benefrt Ents"ty. D¢tsll$ of the company8 oporalongand actIV•S 8ro #01 out tho Tru¥tee8' Report. Accountlng poll¢lg• 2.1 B••l• ol pr•p•ratton of flnan¢lil •tstgffl•nt• The financial statements havo bèen prepared in accordance with thè charltt.es SORP IFRS 1021 . Accounting and Reportlng by ChaTrties'. Statern8nt ol Racommandad Pr8CtiC8 applicable to chariU'es preparlng ththr accounts in acrdanCe wth th8 Flnandal RepOn9 Standard appllcablg in Ihg UK and Republic of Iraland IFRS 1021 leffective 1 Janu&ry 20191. thg Finanal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and th• ¢omp8ni9s Act 20C6. Tho FOUndaOn lor Inlern8tSonal Cthmmunlty Asslstance IUKI m1 tho definOn ol a puuic b&n8fft •nllty under PRS 102, A53et3 and liabilities are InitilY r•¢ognl•ed ot hl$lori¢o1 co or IranBaction valu• unl&s$ oth•Mis8 $¢ated Sn the relevant accounting policy. 2.2 Golng ¢on¢•rn It18 th8 Trustsa8 opinlon that b&&ed on avallable Mg•rvfrs and forneast ineome Ihot Ihe ¢h?rity will remaln going etsncern for at least tr4elve months from tha ¢Yat• of approval ¢1 these flnanclal $tatsm8nts and the going on¢ern basiB ol preparal'on ol tha gc¢ounts continue8 to be appropriate. 2.3 Incom• I Inwme is re¢ogni38d once the Company ha3 entitment to the income. it 1$ Protsab that th8 Incom• will b received and the amount of Income reeivablg Can bg rneasured reliably. Glfts In kind donated lor di3tn'bution are included at Yaluatron and r8eogni8•d a$ ineorne when thoy ar• dlstrfbutod to the projects. Gifts donated for resalè aro included 88 Incomè whèn Ihgy ore 601d. Where the don&t8d go¢xl Is a fixèd 09¥gt. Y( l¥ measured at lalr value. unlesg rt is Improcucal to rneasure IhlB reliabfy, in which cas9 the ?1 ol the itern to the donor Should b6 used. Tha gain is recogni$8d a8 income trom donation$ and a corresponding amount Is Inclvded in tha approPat8 fixtd 8ss•t ¢4ass and deprerjatsd over thg useful economic Nle In Accordance with thg ¢ornpanY$ 8¢¢tsun'n9 polirAes. On ceIpt, donated profe$sional seNces and faulities aro recognised on th& basis of thè valug gf the glft to th6 Company which is the amount rt would have been wllling to Pay to tsbtain $ervirn$ or facilities of equNalont economic benefit on the open math•t a corresponding amount b thon r?gniSed in expenditure In thè period QI rgceipt. Incom¢ tsx recoverable In relaOn to donalons reea6ved und•r Gift Aid or deeds of cy)venanl is recognig•d at the lime of the donation. Paga 10
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢countlno polkl•J 1contlnul 14 Exp•ndltur• Expenditure 1$ recognls•d tyn¢• there Is a legal or constructive obligalon to transfer eeonomlc bangflt to a third party, It Is probable that a transfer ol economic b6rfftS will bo r•quirèO in SettM$nI and the amount ol the obligalon b¢ measured reliably. Exp6nditura 1$ dassifiad by atts"vity, Thg COJts of each •cliwty ar8 mad6 up of th8 total ol dlrect costs and sharad eosts, in¢luding ¥upport costs Involved In undertaking each activty. Dlrect costs attn'butable to a single actlvlty are allocated diredy to that activity. Shared costs whiGh contribu to more than ono Actlvity and support costs whlch are nol attributabl& to 8 single activlty are Jpp?rtioned bgts¥aèn thos¥ 8¢t1VleS on a ba3ig consistent wth Ihè use ol rg$our¢e$. Central ¥laff co31¥ are allocated on lh8 basi$ of Iirne spent, and deproclatlon charg•s •llocÈtod on thg portt9n of th9 08¥91'$ use. Exp8nditur8 on ral8ing lund$ In¢4ude¥ all eypenditure Incurred by the Company to ra188 fund8 for charitaty purposes and Includ•8 eo$ts of all fundroislng acb'vitk8S events and non4haritsble trading. Expenditure on charitable activities is incurrad on dir8cdy und•rt•king ¢h• o¢tsvitso1 whlth lurther tho CompanV$ objectives. ag well as any associ8tèd support Costs. All expendituro Is Induglvè of irrt¢tyvor8bl? VAT. 2.6 For•lgn ¢urr•n¢l•• FINCA UK transacts bu8iness wth FINCA Intèmation81, Inc. a$ well •$ in forgign tr)untrig$ where Ils programg are located, uslng th6 loeal currandè$ of the8• ¢ountrie$. Tr8ng8ction$ in foreign currencies are recordod at the rat8 of exchanga at tho date of the transaction. Balances denomlnated in foreigrs currencles at tha balanL sheet d8to Aro rgportgd at the spot r8leB Prevalllng at that date. Aceordingly. galns and108sg from th8ng88 in 8xthang• raleg behveen the functional currency, and the currency In which the tr8n$lalJ'on is dgnorninatgd, are rgcorded as lorelgn currency Irans8Ctlon galns or bs$o$. a$ appropriate, within the Statemenl ol Flnancial Activitie8. 2.6 Ci•h at bank •nd In hand C83h at bank and in h8nd indudag eash and short-term highty IiquKI InlmentS with a short rnaturtty ol thrne months or la89 from tho dètè of •¢qui$ilitsn or OnIng of the depoglt or sSmllar account. 2.7 Ll•bllltl•• #nd provl•Son• Llabilities arts raeogni58d when there iy sn obligats'on at the Balance Sheet date as a result ol è past event, il +$ probable thot a tran¥fgr of econornic benefrt wll be required In seemen¢ and the amount of thè $¢tUement ¢8n bo esty'mated reliably. Liabilities racDgni#gd at tha •mount that Ihe Cgmpany anticipates it will pay to sotde tho dobt or thè omounl It has r8cglv8d a$ 8dvaneéd paymgnts forthe goods or services k rnust prowd8. 2A FlnAncl•l In•trum•nts Th• Company only has financial a$$ets and financsal liabilities of a kind that qualify ag balio financial instruments. Basic financial instruments are initially rocognlsed at transaction v8lut and 5ub8equendy measured at Iheir setdement value with the exeapkn.on ol bank loans which are subsequenuy measurod at amoftised cost using tho $ffg¢tive intert method. Page11
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ounWng pollcl•• Icontlnuodl 2.9 Pgn•loni The company oparatas a dofingd ¢ontn'bubon pension schemo and the pen8Son Large represents the amounts payobK8 by tho ¢omp¥ny to the fund In respeci of tho yoar. 2.10 Fund ac¢ountlng Gen8r81 funds aro unrèstricted funds which 8re availablo for use at the discretion of the Tnjstees In furthtsrtyn of ¢h¥ g¥noral obje¢b'v8 of the Company and which hav8 not b•gn doskjnatad for othér purpos. Re8lricled funds are funds whlch are to be used In accordan¢9 With $peafic re$tridion¥ Imposed by donor8 or which hava bo&n raisad by th• Cornp•ny f¢r portlwlar pu08¥$. The Costs ol raisin9 and admlnlstedng such fvnds are chargad agaln8t thè spodfi¢ fvnd, Tho alm and use ol •ach restrfcted fiJnd18 set out In th• not•8 to lh• firiandgl slatarn8ntS. Incom• frorn don•tSon• ind l•gA¢l•• Unr••trlet•d RMtrlct•d lund• 2021 Total lund• 2021 Total fvnds 2020 2021 Don•fyon8 2S4,8S1 5,498 260.349 249.582 Tol812020 195,372 54,210 249,582 Afiaty•l• of •xp•ndltur• by aetlvltl• Actlvlti undgrtok•n dlrecty 2021 Support ¢o•ts 2021 Tot•1 fund• 2021 Total funds 2Q20 Charitsblo expendiiure 250, 151 21,194 271.346 120,483 Total 2020 99,921 20,562 120,483 Page12
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Indep•ndont •xamln•rf• r•mun•r•llon 2021 2020 Fe05 payable to the Company's independent exomlnor for th• ind•pgndpnl examlnation of the Company6 8nnug18¢c¢unts 3,800 8t4ff ¢¢•t• 2021 2020 Wagas and 8alArles Social Mcurity costs Contributlon to deffin8d contrfbutlon pension scham•$ 8J,060 7,741 1,319 92,690 5, 138 438 •2.120 98.264 The average number ofpersons •mployad by th¥ Company tho Or wa$ a$ follo%Yg'. 2021 No. 2020 Empl¢)yS¢$ Tho numb•r ofemploy••• who80 wnployo$ benoffts lexcludlng employer pension cijstsl exceeded £80.000 was.. 2021 No. 2020 No. In th8 band £70,001- £80,CXJO Tr0•. r•mun•rntlon ind •xp•n• Durtng th& y*•r, no Tnth¥ received any remuneration OT Other benefftg (2020- £NIL). During the year ended 31 Dec•mb#r 2021, no Trusta# bXPons88 hav• bèan Incurr8d (2020- £NIL). Paga 13
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Debtor• 2021 2020 Du• wlthln ong y•*r thounts owgd by FINCA Companlos 8,377 8,377 Cr•dltor•". Am?unts f•lllng du• wlthln on• ymr 2021 2020 Oth?r cWit¢rg 2,077 1,496 P396 14
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 10. 3t*tsmont of fund• 8t•torn•nt ol fund•- curr•nt y••r 8al•nce It 31 D8comb•r 2021 Bal•n¢g •t 1 J•nu•ry 2021 Incom• Exp•ndllur• Unrn•trl¢t•d ful# G•nsrg1 Fund$- •ll fvnds 67.861 264.851 1309,4671 13.24$ Rulrlctsd fund• FINCA Plus Lamp Library Projec¢ At8nburg Foundatron 8.384 18.3641 SNOB 8,364 0,498 113,8621 Totsl olfund• 76,226 260,349 1323,3291 13,246 St•t•m•ht of fvnds- pOr y•ar Balance at l Januery 2020 0131 December 2020 Incomg Expendlture General funds 144,390) 194372 (83,121) 67,861 R••trl¢t•d fund• FINCA Plus Lamp Library Projaci 29.886 54,210 (T5, 732) 8.364 Totsl of fund (14,504J 249,582 (158,853) 76.225 R•strlct•d funds FINCA Plus- repreBents grants and donations made trom indlviduals and organisation$ who w8hed for their nth'buts'ons lo be sp8ntto fijnd the Bright Life activities in U9anda. prowding acce5S to dean energy to low in¢om? famillgs, as well as a so18r lantem le1lg prograrnme in Bchools. to improve children's educath)n. Pagè15
Docusign En¥ÈlopÈ ID." 96B4DSDPA6DC4471-8644-AD79F4058AB9 THE FOUNDATION FOR INTERNATIONAL COMMUNITY ASSISTANCE (UK) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. Anaty81• of n•t •#•ets botsv•en funds An•lyJl¥ of n•t a•••ts b•iw•on fund•- ¢uff•nt y•r Unr••trlct•d fund 2021 Total lund• 2021 CurT8nt aS88ts Cr•ditors dug wythin one year 1S,322 12,0771 18,322 12,0771 Total 13,245 13,245 An•ly•l¥ ol n•t i•••t• b•(•Th lund•- prfor y••r Unrestricted funds 2020 Restn'cted lunds 2020 Total funds 2020 Current 83s8ts Creditors due within on8 y88r 69.35T (1.496) 8,364 77, 721 (1,496) T()t•l 07,867 8,364 76,225 Pagg 18