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|Reference and Administrative
Details||
|---|---|
|Trustees Report|2 to 6|
|Statement
ofTrustees'
Responsibilities||
|Independent
Examiner's
Report||
|Statement
of Financial
Activities||
|Balance Sheet|10|
|Statement
of Cash Flows||
|Notes to the Financial Statements|12to 19|
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|Recognised
|Gains|and Loss|es)||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
||||Note|fundsf|funds
F|2021|
|Income and Endowments||from:|||||
|Donations
and legacies||||4,960|500,146|505,106|
|Total income||||4,960|500,146|505,106|
|Expenditure
on:|||||||
|Charitable
activities||||(2,566)|(400,289)|(402,855)|
|Total expenditure||||(2,566)|(400,289)|(402,855)|
|Net income||||2,394|99,857|102,251|
|Net movement
in funds||||2,394|99,857|102,251|
|Reconciliation
of|funds||||||
|Total funds
brought|forward|||161,663|21,866|183,529|
|Total funds carried|forward||13|164,057|121,723|285,780|
|||||Unrestricted|Restricted|Total|
||||Note|fundsf|funds|2020|
|Income and Endowments||from:|||||
|Donations
and legacies||||18,740|426,157|444,897|
|Total income||||18,740|426,157|444,897|
|Expenditure
on:|||||||
|Charitable
activities||||(15,174)|(465,026)|(480,200)|
|Total expenditure||||(15,174)|(465,026)|(480,200)|
|Net income/(expenditure)||||3,566|(38,869)|(35,303)|
|Transfers
between|funds|||(273)|273||
|Net movement
in funds||||3,293|(38,596)|(35,303)|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||144,399|74,433|218,832|
|Total funds carried|forward||13|147,692|35,837|183,529|
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|Balance||She|et|as at 31 December 2021||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|||
|Current assets||||||||
|Debtors||||||16,232|5,083|
|Cash at bank and|||in|hand||475,879|643,906|
|||||||492,111|648,989|
|Creditors:||Amounts||falling due within one year|12|(206,331)|(465,460)|
|Net assets||||||285,780|183,529|
|Funds ofthe trust:||||||||
|Restricted||income funds||||||
|Restricted|funds||||13|121,723|21,866|
|Unrestricted||income funds||||||
|Unrestricted||funds||||164,057|161,663|
|Total funds|||||13|285,780|183,529|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash flows from operating||activities|||||
|Net cash|income/(expenditure)||||102,251|(35,303)|
|Working|capital adjustments||||||
|(increase)/decrease
in debtors||||11|(11,149)|2,662|
|Decrease|in creditors|||12|(3,611)|(2,081)|
|(Decrease)/increase
in accruals deferred|||income||(255,518)|181,945|
|Net cash|flows from operating|activities|||(168,027)|147,223|
|Net (decrease)/increase
in cash and cash|||equivalents||(168,027)|147,223|
|Cash and|cash equivalents
at|1 January|||643,906|496,683|
|Cash and|cash equivalents
at|31 December|||475,879|643,906|
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|3
Inco|me from|donations
and|legacies||||
|---|---|---|---|---|---|---|
||||General||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2021|2020|
|Grants,|including|capital grants;|||||
|Grants|from other charities||4,960|500,146|505,106|444,897|
||||4,960|500,146|505,106|444,897|
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||||Unrestricted||||
|---|---|---|---|---|---|---|
||||General|Restricted|Total|Total|
||||funds|funds|2021|2020|
|Magazine|production|costs|794|234,786|235,580|239,063|
|Journalism|||1,924|40,474|42,398|12,207|
|Programme|activities|||583|583|15,136|
|Staff costs||||58,457|58,457|146,677|
|Other staff|costs||270|6,834|7,104|1,440|
|IT and website|||303|15,246|15,549|3,222|
|Travel and|subsistence|||||3,139|
|Rates and|rent||72|11,802|11,874|10,217|
|Accountancy
fees||||16,975|16,975|18,890|
|Office support
and insurance|||1,399|7,897|9,296|12,350|
|Governance
costs|||517|7,235|7,752|4,132|
|Exchanges|rate variances||(2,713)||(2,713)|13,727|
||||2,566|400,289|402,855|480,200|
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|Governance|cos|ts|||||
|---|---|---|---|---|---|---|
||||General||||
||||Unrestricted|Restricted|Total|Total|
||||fundsf|funds|2021|2020|
|Independent|examiner fees||||||
|Examination|of|the financial|||||
|statements||||2,220|2,220|2,400|
|Legal fees|||628|4,904|5,532|1,488|
|Other governance||costs||||244|
||||628|7,124|7,752|4,132|
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|2021|2020|
|---|---|
|2,220|2,400|
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|8
Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2021|2020|
|Staff costs during the year were:|||
|Wages and salaries|52,382|130,389|
|Social security costs|5,525|15,055|
|Pension costs|550|1,233|
|Other staff costs|7,104|1,440|
||65,561|148,117|
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|during the year expressed as full time equivale|nts
was as follows:||
|---|---|---|
||2021|2020|
||No|No|
|Management||1|
|Administration||1|
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|9
Independ|ent
e|xaminer's|remuneration|||
|---|---|---|---|---|---|
|||||2021f|2020|
|Examination|ofthe|financial|statements|2,220|2,400|
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|11 Debtors|||||
|---|---|---|---|---|
||||2021|2020|
|Prepayments|||10,511||
|Other debtors|||5,721|5,083|
||||16,232|5,083|
|12Creditors:|amounts|falling due within one year|||
||||2021|2020|
|Trade creditors|||2,159|13,481|
|Other taxation|and social|security|343|(257)|
|Other creditors|||390|250|
|Accruals|||21,911|14,940|
|Deferred income|||181,528|437,046|
||||206,331|465,460|
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|Notes to the
2021|||inancial|Statement|s
for the|Year Ended|31 Decem|ber|
|---|---|---|---|---|---|---|---|---|
|||||||||2021|
|||||||||F|
|Deferred income|at||1 January 2021|||||437,046|
|Resources deferred|||in the period|||||181,528|
|Amounts
released||from previous||periods||||(437,046)|
|Deferred income|at||year end|||||181,528|
|13Funds|||||||||
|||||||||Balance at|
|||||Balance at||||31|
|||||1 January|Incoming|Resources||December|
|||||2021|resources
f|expended|Transfers|2021|
|Unrestricted
funds|||||||||
|General|||||||||
|Unrestricted
revenue|||||||||
|funds||||161,663|4,960|(2,566)||164,057|
|Restricted
funds|||||||||
|Opens Society|Institution||||59,160|(55,474)||3,686|
|Opens Society|Institution-||||||||
|AFM||||(9,411)|129,500|(95,798)||24,291|
|Ford Foundation||(main)||8,558|62,500|(37,191)|(26,143)|7,724|
|Ford Foundation||(build)||21,509|248,986|(211,775)|26,143|84,863|
|Dar El Rasheed||||1,210||(51)||1,159|
|Total restricted|funds|||21,866|500,146|(400,289)||121,723|
|Total funds||||183,529|505,106|(402,855)||285,780|
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|Notes to
2021|th|e|Financial|Statement|s
for the|Year Ended|31 Decem|ber|
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||||Balance at||||31|
|||||1 January|Incoming|Resources||December|
|||||2020|resources
f|expended|Transfers|2020|
|Unrestricted|funds||||||||
|General|||||||||
|Unrestricted||revenue|||||||
|funds||||144,399|18,740|(1,203)|(273)|161,663|
|Restricted|||||||||
|Opens Society|||Institution-||||||
|AFM||||24,041|124,597|(158,049)||(9,411)|
|Ford Foundation|||(main)|8,558||||8,558|
|Ford Foundation|||(build)|40,529|301,560|(320,580)||21,509|
|Dar El Rasheed||||1,305||(368)|273|1,210|
|Total restricted||funds||74,433|426,157|(478,997)|273|21,866|
|Total funds||||218,832|444,897|(480,200)||183,529|
||||||Total funds|
|---|---|---|---|---|---|
||||Unrestricted||at1|
||||General|Restricted|December|
||||funds|funds|2021|
|Current|assets||370,388|121,723|492,111|
|Current|liabilities||(206,331)||(206,331)|
|Total net||assets|164,057|121,723|285,780|
||||||Total funds|
||||||at 31|
||||Unrestricted|Restricted|December|
||||General funds|funds|2020|
|Current|assets||627,123|21,866|648,989|
|Current|liabilities||(465,460)||(465,460)|
|Total net||assets|161,663|21,866|183,529|
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|15Analysis of n|et funds||||
|---|---|---|---|---|
|||||At 31|
|||At 1 January|Financing|December|
|||2021|cash flows|2021|
|Cash at bank and|in hand|643,906|(168,027)|475,879|
|Net funds||643,906|(168,027)|475,879|
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