Registered charity number 1150778 Registered company number 08275287 International Broadcasting Trust (A charitable company limited by guarantee) Trustees, Report and Financial Statements for the year ended 31 December 2021
International Broadcasting Trust Report and Financial Statements Contgnts Page Report ofthe trustees Legal and administrative information Independent examiner's report Statement of financial activities Balanee sheet Notes foming part of the financial statements &12
International Broadcasting Trust Trustees, Report Year ended 31 December 2021 The trustees present their report and accounts for the year ended 31 December 2021. The financial staternents have been prepared in accordance with the accounting policies set out in note 110 the accounts and comply with the Charities Act 2011, the Companies Act 2006. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective January 20191. Legal and administralive infomation as set out on page 4 forms part ol this report. Objectives and activities Charltabla obl8ctlv8s The International Broadcasting Trust is an educational charity working to promote high quality coverage of the wider world across all media. We worf( with the media to ensure that aUdIenS remain engaged with global issues. We provide our members with iegular access to influential journalists and editois so that they can maximise their impact in a rapidly changing media landscape. Review of activities For a full report of activities please refer to the Trust's annual report published separately. Aehièv•m•nts and pèrforniancè IBT has successfully focused on three key areas of activity.. Advocacy- lobbying govemment, regulators and broadcasters Research - tracking changes to the media landscape and providing an eviden base for our advocacy Capacity building- working with our members to help them to achieve greater impact with their media messaging Public benefit The Trustees confim that they have cc)mplied with the duty in Section 4 of the Charities Act 2011 to have du8 regard to the Charity Comrnission's gen8ral guidance on public b8n8fit and that the activit18S arried out by the Charity during the year were 811 undertaken in order to futher the Gharity s aims for the benefit ol the Charity's beneficiaries. In particulai, the Trustees consider how planned activrties will contribute to the aims and objectives they have set. The Trustees believe there is public benefit in raising awareness amongst the UK public about the lives of people in developing countries, the issues which affect them and the ways in which all our lives are interconnected. We have gathered evidence, lobbied broadcasters and published research to support these goals. Financial rèvièw The Charity generated incorne for the year of £91,23512020'. £95,9951 mainly by way of membership subscriptions of £90,00012020.' £95,500). Expenditure in the year was £72,90212020.. £84,886) including expenditure on charitable activities of £69.30412020.' £81,288)
International Broadcasting Trust Trustees, Report Year ended 31 December 2021 This resulled in a surplus for the year of £18,333 12020. £11,109), increasing the general fund to £153,27012020.' £134,937). Reserves policy Unrestricted reserves.. The Board of Trustees have examined the requirements for holding an appropriate level of unrestricted reserves in order to s8fegu8rd the day lo day running of the Charity and provide underlying financial stability to protect its long-tem projects. It has been resolved that a reasonable level of unrestricted reserves for this purpose equates to twelve months basic budgeted running costs of the organisation 1£70.0001. The unreslricled reserves at the end of the year are £153.270 which eXedS this level. Asset cover for funds The assets of the trust are sufficient to meet the trust's obligations on 8 fund-by-fund basis. Fuiur• plans We shall continue to focus on our three principal areas of actiwly, bul we shall also respond to the changing media landscape, particularly the growing importance of digital media. Structure, governance and management International BroadrAsting Trust (the 'Charty'l was incorporated in England and Wales as a private company limited by guarantee. as defined by the Companies Act 2006. on 31 October 2012. It was registered as a charily in England and Wales, and the activities of the Charity began on 12 February 2013. The Charity is controlled by its Articles of Associats'tsn. The guarantee ol each member is limited to£10. Organisation The tx)ard of trustees, which tllust comprise at least three trustees with no maximum, administers the Charity. The Board meets four times a year. An Executive Director is appointed by the trustees to manage the day-ttrday operations ol the Charity. To facilitate effective operations, the Executive Director has delegated authority, within terms of delegation approved by the trustees for operational 8tters in¢luding finan, employment and development activity. Trustee Inductlon and tralnlng N8w ttUSte8s und8igo orientation day to brief th8m on their legal obligations under chaiity and mpany law, the oontenl of the Memorandurm and Artides of Association and review the budgets and rent financial statements. Risk Statement The Board of Trustees have examined the major risks to which the Charity is exposed, and systems have been established to mitigate these risks. Significant external risks to funding have led to a strategy plan based around key partn8rships, funders and stskeholders. The Trustees have assessed the risk ol the current Covid-19 pandemic and have concluded that it does not have a material impact on the going concern status of the Trust.
International Broadcasting Trust Trustees, Report Year ended 31 December 2021 Statement of trustees. responsibilities Law applicable to Charities in England and Wales requires the ttustees to prepare accounts for the financial year which give a true and fair view of the stale of affairs of the Charity as at the balance sheet date and of ils incoming reSoUrS and application ol resources, including income and expenditure, for the year then ended. In rel8tion to the Inlern8lional Broadcasting Trvsl the Board of Trustees are responsible for preparing the account in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practice and in so doing". select suitable accounting policies and then apply them consistently. bserve the methods and principles of the Charities SORP. mak8 judgments and estimstes that are reasonable and prudent subject to any tn8t8ri81 departures disclosed and explained in the accounts. state whether applicable accounting standards and statement of recommended practice have been followed subject to any materi81 departures disclosed and explained in the financial statements. prepare the accounts on a going conrn basis unless it is inappropriate to assume that the Charity will continue in operation. The Iruslees are responsible for keeping proper books and records which disclose with reasonable accuracy al any time the financial position of the Charity and to enable them to ensure that the accounts comply with the applicable law. They are alsc) responsible for safeguarding the assets ol the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. This report was approved by the board of trustees on 23rd May 2022 and signed on its behaw. Rose Caldwell Director and Chair of the Trustees
International Broadcasting Trust Legal and Administrative Information Reference and administrative inform*ion Charity name.. Intemational Broadcasting Trust Charity registration number.. 1150778 Company r8gi5tration number.. 08275287 Registered office and operational address.. Can Mezzanine 49-51 East Road London N16AH Directors and Trustees Richard Sutnray Jack Lundie Abdul Basit Ali Rose Caldwell Helen Palmer Alistair Burnett Nana Crawford (appointed 12 February 20211 Maryam Mohsin lappointed 4 March 20211 Marcus Missen Iresigned 14 October 20211 Paulette C()hen Iresigned 15 July 20211 Secretary Chair Treasurer Ex•cUtI Dlractor Inon-trust•è appolntmèntl Mark Galloway Bankers CAF Bank Lirnited 25 Kings Hill Avenue West Malling Kent ME194JQ Solieitors Bates, Wells & Braithwaite 138 Ch8apsid8 L()ndon EC2V 6BB Independent Examiner Moore Kingston Smith Chartered Accountants Devonshire House 60 Goswell Road London EC1M 7AD
Independent examlnerfs report to the trustees of Internatlonal Broadcastlng Trust charltable company (the Company) report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. Responsibilities and bas15 of report As the charity's trustees of the Company land also ils directors for the purposes of cornpany lawl you are responsible for the preparation of the aeeounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the attounts of the Company are not reqUId to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exarninats'on of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fairf view which is not a matter considered as part of n independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of R8oomm8nded Pr8otice for accounting and r8POrting by charth8s applicable to ¢h8rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in older to enable a propel understanding of the accounts to be reached. Nail Finlayson. Partn•r IACA, ICAEWI For and on behalf ol Moore Kingston Smith Chartered Accountants Devonshire House 60 Goswell Road London EC1M 7AD Date.. 23 May 2022
International Broadcasting Trust Statement of Financial Activities (incorporating Income and Expenditure A¢¢ountl For the year ended 31 December 2021 2021 Unrestricted 2020 Unrestricted Notes Income Grants and donations Charitable activitses Investment income- bank interest receivable Other incorne 356 90,000 359 95,500 136 868 Totsl income 91,235 95,995 Expenditure Costs of generating funds 3,598 3,598 Expenditure on charitable activities 69,304 81,288 Total resources expended 72,902 84,886 Net Income for the year 18,333 11,109 Net movement in funds 18,333 11,109 Fund balances at 1 January 2021 134,937 123,828 Fund balances at 31 December 2021 12 153,270 134,937 The statement of financial activities includes all gains or losses for the year. All income and expenditure derive Irotn continuing activities.
International Broadcasting Trust Registered Number.. 08275287 Balance Sheet as at 31 December 2021 Notes 2021 2020 Current assets Debtors Cash at bank and in hand 4,229 152,887 5,109 133,662 157.116 138.771 Creditors= amounts falling due within one year 10 3,846 3,834 Net current assets 153,270 134,937 Net assets 153.270 134.937 Funds 12 Unrestrlcted funds Gener81 funds 153,270 134.937 Total funds 153,270 134,937 The directors are satisfied that the company is entitled io exempts'on frorn the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the membei h85 not required the company to obtain an audit in accordance with section 476 01 the Act. The directors acknowledge their responsibilities lor complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have b88n prepared in accordan with the provisions in Part 15 of the Cotmpanies Act 2006 applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 23rd May 2022. Rose Caldwell Director and Chair of the Trustees
Intemational Broadcasting Trust Notes to the Accounts For thg ygar endod 31 Dg¢omb9r 2021 1 Accountlng pollcles Th8 princip81 accounting polici8s ar8 surnmari58d b8low. The accounting policies have be8n applied consi5t8ntly throughout the year. Basis of aGcounting The accounts Ifin8ncial statements) have been prepared under the histori¢81 cost convention with it8rns recognised at cost or transaction value unless olherwse stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement ol Recommended Practice.. Accounting and Reporting by Gharitigs preparing their accounts in a¢¢ord8n¢e with the Fin8n¢i81 Reporting St8nd8rd applicable in the Unit8d Kingdom and Republic Of Ireland IFRS 1021 (effective 1 January 20191, the Charities Act 2011 and the Companies Act 2006. Going concem and Covid-19 The Trustees (Directors) have assessed the risk of the current Covid-19 pandemic, and have concluded that it does not hav8 a rnaterial itmpact on the going concern status of th8 Trust. Th8 8ccoLJnts have b88n prepar8d on a going concern basis. Funds structure and aGGounting Unr8stri¢ted funds are 8vailabl8 for use at the discretion of the trustees in further8nc8 of the gener81 objectives of the charity. Ineomè rneognition All income is included in the statement of financial aCtiveS when the charity is entided to the income and the amount can be quantified with reasonable accuracy. The followng specific policies are applied to particular categories of income.. Grants. donations and membership fees are recognised in full in the Statement of Financial Activities in the year in which th8y ar8 rec8ivab18. This amount COV8rs donations rec8lV8d from th8 gen8r81 public, grants frorm m8mb8r organisations and similar bodies and annual membership lees from the member organisations. Inv8Stment income is includ8d wh8n r8ceivabl8. Expenditure recognition Expenditure is reoognised on an accru81 b8sis as a liability is incurred. Expenditure includes VAT which cannot be recovered, and Is reported as part ()f the expenditure to which it relates. A proportion of specified staff costs are allocated tts the costs of raising funds. Charitable expenditure eotnprises those costs Ineuried by the Charity in the delivery of its activib.es and services foi its beneliuaries. It includes both costs that can be allocated direcdy to such activities and those costs of an indirect nature necessary to support them. Governance costs include th058 costs associated with meeting th8 constitub.onal and statutory requirern8nt5 of th8 charity and include the independent examination fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the slaternent of financial activities on a basis designed to reflect the use of th8 resourc8. Costs relating to a particular activity are allocated directly, oth8rs are apportioned on an appropriate basis e.g. staff time. Pensions The charity operates a defined contribution pension scheme. Contributions are charged to the statement tsf financial activities as they become payable in accordance with the rules of the schemes.
Intemational Broadcasting Trust Notes to the Accounts For thg ygar endod 31 Dg¢omb9r 2021 2 Charitable activities- membership subscriptions 2021 Unrèstrieted 2020 Unrèstricted Acb"on Aid Age International AMREF Health Africa British Red Cross Society CAFOD Christian Aid Ctsncem Worldwde UK Habitat for Humanity Hope and Hornes for children Human Appeal Humanity and Inclusion Islamic R81i8f UK Malaria Consortium Malaria No More UK Medicins Sans Frontieres Mercy Corps Scotland Mines Advisory Group Muslirn Hands ONE Campaign Open Society Foundations OXFAM Plan International UK Plan UK Practical Aetion Saferworld Sightsavers Tearfund The Donkey Sanctuary The Elders Tree Aid UNHCR UNICEF Water Aid Weber Shandwick Wom8n ft)r Worn8n Intemational Wodd Food Programme WWF (Xhgrs 2,500 500 1,000 5,000 3,500 5,000 2,500 1,000 1,000 5,000 2,000 1.000 5,000 3,500 5,000 2,500 1,000 1,000 3,000 1,000 3,000 2,000 1,000 3,000 2,500 1,000 3,000 1,000 1,000 5,000 1,000 5,000 1,000 3,000 5.000 5,000 3,000 1.000 1,000 3,000 2,000 1,000 3,000 2,500 1,000 3,000 1,000 1,000 5,000 1,000 5,000 1,000 3,000 5,000 5,000 3,000 1.000 1,000 1,500 2.500 5,000 1,000 500 1,000 5,000 3,000 3,000 5,000 1,000 1,000 5,000 4,000 90,000 95,500
Intemational Broadcasting Trust Notes to the Accounts For thg ygar endod 31 Dg¢omb9r 2021 3 Charitable expenditure: Increasing awar8nes5 of the d8V81oping world 2021 2020 Freelance producer Digital communications officer Other project costs 17,143 14,816 5,880 26.785 14,534 2,000 37,839 43.319 Support costs Staff costs Website Office accommodation Office services Accountaney Bank charges Other costs 17,112 1,052 4,388 742 3,391 204 602 17.112 7,836 4,320 770 3,300 132 615 27,491 34,085 Governance costs INote 41 3,974 3,884 Total eharitable expenditure 69,304 81,288 4 Governance Costs 2021 2020 Stsff costs Independent examination 2,114 1,860 2.114 1,770 3,974 3,884 5 Net Income for the year 2021 2020 This is stated after charging.. Independent examinerfs fees 1,860 1,770 10
Intemational Broadcasting Trust Notes to the Accounts For thg ygar endod 31 Dg¢omb9r 2021 6 Staff costs and numbers 2021 2020 Staff costs were as follows.. Salary- Executive Director Salary- Digital Communications Officer Pension costs 18,024 10,848 4.985 18,024 4,800 33,857 22,824 Shared employee underjoint employment contract Digital Communications Officei 3,968 14,534 Freelancers Managetnent and editorial 17,143 26,785 Total staff costs 54,968 64,143 Th8 Charity consid8rs its k8y managem&nt personnel to b8 th8 Truste8 and th8 Executive Dir8Ctor. Total employe8 benefits to key management personnel during the year, including employer's national insurance and penSn contributions, amounted lo £39,96812020'. £49,609). The charity operates defined eontributi(>n pensi(>n schemes ft)r its employees and made contributions during the year of £4,98512020'. £4,800). The average weekly number ol employees during the year, calculated on the basis of lull time equivalents, was as follow5.. 2021 No. 2020 No. Executive director Digital cornmunications officgr 7 Transactions wilh rèlatèd parti•s None of the tNstees received any remuneration or reimbursed expenses during the year12020'. £Nill. Taxation As a registered charity, 1nternational Broadcasting Trust is exempt from lax on income and gains falling within Part 11 of the Corporation Tax Act 2010 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. The Charity is registered for Gift Aid with HM Revenue & Gustoms under reference number EW57252.
Intemational Broadcasting Trust Notes to the Accounts For thg ygar endod 31 Dg¢omb9r 2021 Debtors 2021 2020 Accrued inwme Other debtors Prepayments 2,500 998 731 3,000 1,012 1,097 4,229 5,109 10 Creditors.. amounts falling due within one year 2021 2020 Accounts payable Social security and other taxation Accrued expenses 17 547 3.270 436 3,410 3,846 3,834 11 Analysi5 of n8t assets b8twe8n funds 2021 Unrestrlcted 2020 Unrestrlcted Current assets Current liabilities 157,116 13,8461 138,771 13.8341 Net assets 153,270 134,937 12 Movement in funds At1 January Expend- Sture At31 December Income Current year Unrestricted funds: General funds 134.937 91,235 172,9021 153,270 Prior year Unrestricte(J funds: General funds 123.828 95,995 184,8861 134,937 12