##
##
|Reference and Administrative
Details||
|---|---|
|Trustees Report|2 to 5|
|Statement
ofTrustees'
Responsibilities||
|Independent
Examiner's
Report||
|Statement
of Financial
Activities||
|Balance Sheet||
|Statement
ofCash Flows|10|
|Notes to the Financial
Statements|11 to 18|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2022|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||28,664|181,621|210,285|
|Total income||||28,664|181,621|210,285|
|Expenditure
on:|||||||
|Charitable
activities||||(69,920)|(306,195)|(376,115)|
|Total expenditure||||(69,920)|(306,195)|(376,115)|
|Net expenditure||||(41,256)|(124,574)|(165,830)|
|Transfers
between|funds|||(6,001)|6,001||
|Net movement
in funds||||(47,257)|(118,573)|(165,830)|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||164,057|121,723|285,780|
|Total funds carried|forward||13|116,800|3,150|119,950|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2021|
||||Note||||
|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|
##
##
|Balance||She|et|
as at 31 December 2022||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||Note|||
|Current assets||||||||
|Debtors||||||5,768|16,232|
|Cash at bank and|||in|hand||120,736|475,879|
|||||||126,504|492,111|
|Creditors:|Amounts|||falling due within one year|12|(6,554)|(206,331)|
|Net assets||||||119,950|285,780|
|Funds ofthe trust:||||||||
|Restricted||income funds||||||
|Restricted|funds||||13|3,150|121,723|
|Unrestricted||income funds||||||
|Unrestricted||funds||||116,800|164,057|
|Total funds|||||13|119,950|285,780|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating
activities||||||
|Net cash|(expenditure)/income|||(165,830)|102,251|
|Working|capital adjustments|||||
|Decrease/(increase)
in debtors|||11|10,464|(11,149)|
|Decrease|in creditors||12|(18,249)|(3,611)|
|Decrease|in accruals deferred|income||(181,528)|(255,518)|
|Net cash|flows from operating|activities||(355,143)|(168,027)|
|Net decrease
in cash and cash equivalents||||(355,143)|(168,027)|
|Cash and|cash equivalents
at|1 January||475,879|643,906|
|Cash and|cash equivalents
at|31 December||120,736|475,879|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3
Inco|me from|donations
and|legacies||||
|---|---|---|---|---|---|---|
||||General||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2022|2021|
|Grants,|including|capital grants;|||||
|Grants|from other charities||28,664|181,621|210,285|505,106|
||||28,664|181,621|210,285|505,106|
##
||||Unrestricted||||
|---|---|---|---|---|---|---|
||||General|Restricted|Total|Total|
||||funds|funds|2022|2021|
|Magazine|production|costs|76,209|214,657|290,866|235,580|
|Journalism|||2,085|37,584|39,669|42,398|
|Programme|activities|||7,638|7,638|583|
|Staff costs|||5,015|17,600|22,615|58,457|
|Other staff|costs||330||330|7,104|
|IT and website|||1,710|4,026|5,736|15,549|
|Rates and|rent||538|992|1,530|11,874|
|Accountancy
fees|||7,646|8,409|16,055|16,975|
|Office support
and insurance|||12,507|6,529|19,036|9,296|
|Governance
costs|||3,360|8,760|12,120|7,752|
|Exchanges|rate variances||(39,941)||(39,941)|(2,713)|
|Cost ofsales|||461||461||
||||69,920|306,195|376,115|402,855|
##
##
##
##
|Governance|costs|||||
|---|---|---|---|---|---|
|||General||||
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|2022|2021|
|Independent|examiner fees|||||
|Examination|ofthe financial|||||
|statements|||6,000|6,000|2,220|
|Legal fees||3,360|2,760|6,120|5,532|
|||3,360|8,760|12,120|7,752|
##
|2022|2021|
|---|---|
|6,000|2,220|
##
##
##
##
|8
Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2022|2021|
|Staff costs during the year were:|||
|Wages and salaries|20,325|52,383|
|Social security costs|1,889|5,525|
|Pension costs|401|550|
|Other staff costs|330|7,104|
||22,945|65,562|
|by the trust during
the year expressed as full t|ime equivalents
was as follows:||
|---|---|---|
||2022|2021|
||No|No|
|Administration|1|1|
##
|2022|2021|
|---|---|
|6,000|2,220|
##
##
|11 Debtors|||
|---|---|---|
||2022|2021|
|Prepayments|2,330|10,511|
|Other debtors|3,438|5,721|
||5,768|16,232|
##
##
|12Creditors:|amounts
falling due within one year|||
|---|---|---|---|
|||2022|2021|
|Trade creditors||554|2,159|
|Other taxation|and social security||343|
|Other creditors|||390|
|Accruals||6,000|21,911|
|Deferred
income|||181,528|
|||6,554|206,331|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||||||31|
||||Incoming|Resources||December|
||||resources|expended||2022|
|Unrestricted
funds|||||||
|General|||||||
|Unrestricted
revenue|||||||
|funds||164,057|28,664|(69,920)|(6,001)|116,800|
|Restricted funds|||||||
|Opens Society|Institution|3,686||(3,686)|||
|Opens Society|Institution-||||||
|AFM||24,291|181,621|(211,913)|6,001||
|Ford Foundation|(main)|7,724||(7,724)|||
|Ford Foundation|(build)|84,863||(82,872)||1,991|
|Dar El Rasheed||1,159||||1,159|
|Total restricted|funds|121,723|181,621|(306,195)|6,001|3,150|
|Total funds||285,780|210,285|(376,115)||119,950|
##
##
|Notes to t
2022|he|Financial|Statements|for the|Year Ended|31 Decem|ber|
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|Incoming|Resources||December|
||||2021|resources|expended|Transfers|2021|
|Unrestricted|funds|||||||
|General||||||||
|Unrestricted|revenue|||||||
|funds|||161,663|4,960|(2,566)||164,057|
|Restricted||||||||
|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|
##
|||||Total funds|
|---|---|---|---|---|
|||Unrestricted||at1|
|||General|Restricted|December|
|||funds|funds|2022|
|Current|assets|123,354|3,150|126,504|
|Current|liabilities|(6,554)||(6,554)|
|Total net assets||116,800|3,150|119,950|
|||||Total funds|
|||Unrestricted||at 31|
|||funds|Restricted|December|
|||General|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|
##
##
|15Analysis
of ne|t funds||||
|---|---|---|---|---|
|||||At 31|
|||At 1 January|Financing|December|
|||2022|cash flows|2022|
|Cash at bank and|in hand|475,879|(355,143)|120,736|
|Net funds||475,879|(355,143)|120,736|
##
##