2021-06-30-accounts - Near East Foundation UK

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Report ofthe Trustees	1 to	8
Report ofthe Independent Auditors	9 to	12
Statement of Financial Activities	13
Balance Sheet	14
Cash Flow Statement	15
Notes to the Cash Flow Statement	16
Notes to the Financial Statements	17 to	25

Safeguarding:	Safeguarding:	Safeguarding:	Safeguarding:		NEF		UK	UK	and/or	and/or	and/or		its	NEF UK introduced new policies and procedures and
affiliates	fail		to	prevent				harm.						has established practices to name a Safeguarding
														Focal Point within the Board. The focal point is the
														Chairperson of the Board. In his or her role as focal
														point the Chairperson makes an effort to deepen her
														or his knowledge of protection standards,
														coordinates with the designated compliance officer
														regular policy reviews and stays abreast of good
														practices and regulations. Safeguarding training for
														NEF UK staff and volunteers. is compulsory and
														repeated annually. Frequency of training is
														communicated to all of NEF UK's funding agencies
														and entities. Background checks are in place for all
														staff and an ethics hotline is monitored 24/7 by a
														third-party provider:
														(htt s: www. whistleblowersecuri .com)
														In addition, NEF UK has established a local process for
														reporting and designated a local focal point for
														safeguarding in most of its local offices.
Fundraising:			changes				in	the economic						NEF UK continues to strengthen and diversify its
and/or			political						environment					income streams. NEF UK is putting in place rigorous
negatively		impact NEF					UK income					and		processes for budgeting, monitoring of financial
growth.														performance and capitalising on the NEF Family of
														Entities to reach Value for Money (VfM) on staff
														allocation through secondment processes and cross
														tasking. Risks associated with fundraising post-Brexit
														have placed further risk considerations in this
														category.
Development			Impact				Bond (DIB):the							NEF UK's CFO puts in place mitigation measures to
contractual			instruments					ofthe			DIBare			contain costs and avoiding shortcomings on project
substantially				delayed					creating				a	implementations.
financial	strain			on NEF			UK cashflow.
Compliance			in	volatile				environments:						NEF UK has put in place systems for periodic
failure	by	NEF			UK,	its		partners				and		programmatic and operational audits. NEF UK
affiliates	to		comply			with			contractual					regularly reviews its implementation and
requirements			in		volatile				and	high-risk				management practices and tries to ensure that those
environments			where			NEF works or							to	working with NEF abide by NEF's Code of Conduct,
adequately			respond						to		Donor's			ethics standards and that all staff members are held
increased		focus			on	compliance						and		accountable for their work. Beginning March 2020, all
accountable			delivery.											reviews switched to a remote modality due to the
														global pandemic. NEF UK intends to return to periodic
														in-person assessment as soon as feasibly possible.

for the Year Ended 30June 20	21
					30.6.21	30.6.20
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			415,601		415,601	465,804
Charitable activities
Charitable Activity				4,189,160	4,189,160	2,679,614
Total			415,601	4,189,160	4,604,761	3,145,418
EXPENDITURE ON
Charitable activities
Charitable Activity			333,724	4,044,831	4,378,555	3,351,401
Net foreign exchange gains/(losses)			126,076	-	126,076	(15,153)
Total			459,800	4,044,831	4,504,631	3,336,248
NET INCOME/(EXPENDITURE)			(44,199)	144,329	100,130	(190,830)
Transfers between funds		13	118,297	(118,297)
Net movement in funds			74,098	26,032	100,130	(190,830)
RECONCILIATION OF FUNDS
Total funds brought forward			54,942	1,141,632	1,196,574	1,387,404
TOTAL FUNDS CARRIED FORWARD			129,040	1,167,664	1,296,704	1,196,574

				30.6.21	30.6.20
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	10		76,091	76,091	65,899
CURRENT ASSETS
Debtors	11	26,476	27,902	54,378	148,790
Cash at bank and in hand		138,119	1,237,045	1,375,164	1,306,374
		164,595	1,264,947	1,429,542	1,455,164
CREDITORS
Amounts falling due within one year	12	(35,555)	(173,374)	(208,929)	(324,489)
NET CURRENT ASSETS		129,040	1,091,573	1,220,613	1,130,675
TOTAL ASSETSLESSCURRENT LIABILITIES		129,040	1,167,664	1,296,704	1,196,574
NET ASSETS		129,040	1,167,664	1,296,704	1,196,574
FUNDS	13
Unrestricted funds				129,040	54,942
Restricted funds				1,167,664	1,141,632
TOTALFUNDS				1,196,794	1,196,674

Cash Flow Statement for the Year Ended 30June	2021
				30.6.21	30.6.20
		Notes		E	E
Cash flows from operating	activities
Cash generated from operations			1	99,272	(667,231)
Net cash provided by/(used	in) operating		activities	99,272	(667,231)
Cash flows from investing	activities
Purchase oftangible fixed	assets			(30,482)
Net cash (used in)/provided	by investing		activities	(30,482)
Change in cash and cash equivalents		in
the reporting period				68,790	(667,231)
Cash and cash equivalents	at the
beginning ofthe reporting	period			1,306,374	1,973,605
Cash and cash equivalents	at the end
ofthe reporting period				1,375,164	1,306,374

RECONCILIATION ACTIVITIES	OF NET I	NCOME/(EXPENDI	TURE) TO NET CASH FL	OW FROM OPERAT	ING
				30.6.21	30.6.20
					E
Net income/(expenditure)		for the reporting	period (as per the
Statement of Financial Activities)				100,130	(190,830)
Adjustments for:
Depreciation charges				20,290	18,259
Increase in debtors				94,412	(68,417)
Increase/(decrease)	in creditors			(115,560)	(426,243)
Net cash provided	by/(used	in) operations		99,272	[667,232I

	At1.7.20	Cash flow	At 30.6.21
	E	E	E
Net cash
Cash at bank and in hand	1,306,374	68,790	1,375,164
	1,306,374	68,790	1,375,164
Total	1,306,374	68,790	1,375,164

2.	DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES
						30.6.21	30.6.20
						E	E
	Contributions					352,222	333,170
	Miscellaneous	income				63,379	132,634
						415,601	465,804
j.	INCOME FROM		CHARITABLE ACTIVITIES
						30.6.21	30.6.20
						Charitable	Total
						Actlvlty	activities
						E	E
	Grants					4,189,160	2,679,614
	Grants received,		included	in the above, are as follows:
						30.6.21	30.6.20
						E	E
	EU Grants					574,111	1,168,832
	Big Lottery Grants						2,553
	Comic Relief						15,014
	PASARC					2,817,091	2,347,041
	UK Government		Grants			444,483	101,070
	City and Guilds		Jordan				256,854
	Vitol Foundation					353,475	361,544
	United Nations						420
						4,189,160	4,253,328
4.	CHARITABLE	ACTIVITIES		COSTS
						Support
					Direct	costs (see
					Costs	note 5)	Totals
					E	E	E
	Charitable Activity				4,283,457	95,098	4,378,555
	Net foreign exchange gains/(losses)					126,076	126,076
					4,233,437	221,174	4,344,431

		Management	Finance	Totals
		E	E	E
Charitable	Activity	95,098		95,098
Net foreign	exchange gains/(losses)		126,076	126,076
		95,098	126,076	221,174

Net income/(expenditure)	Net income/(expenditure)
		30.6.21	30.6.20
		E	E
Depreciation	-owned assets	20,290	18,259

STAFF COSTS
	30.6.21	30.6.20
	E	E
Wages and salaries	162,439	152,675
Seconded staff	828,859	651,411
	991,298	804,086

30.6.21	30.6.20
2	2

30.6.21	30.6.20
1	1

for t	he Year Ended 30June 2021	he Year Ended 30June 2021	he Year Ended 30June 2021
9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
			E	E	E
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		132,634	333,170	465,804
	Charitable activities
	Charitable Activity			2,679,614	2,679,614
	Total		132,634	3,012,784	3,145,418
	EXPENDITURE ON
	Charitable activities
	Charitable Activity		71,160	3,280,241	3,351,401
	Net foreign exchange gains/(losses)		(18,810)	3,657	(15,153)
	Total		52,350	3,283,898	3,336,248
	NET INCOME/(EXPENDITURE)		80,284	(271,114)	(190,830)
	Transfers between funds		(96,500)	96,500
	Net movement in funds		(16,216)	(174,614)	(190,830)
	RECONCILIATION OF FUNDS
	Total funds brought forward		71,158	1,316,246	1,387,404
	TOTAL FUNDS CARRIED FORWARD		54,942	1,141,632	1,196,574

10.	TANGIBLE FIXEDASS	ETS
				Motor
				vehicles
				E
	COST
	At 1July 2020			91,294
	Additions			30,482
	At 30June 2021			121,776
	DEPRECIATION
	At 1July 2020			25,395
	Charge for year			20,290
	At 30June 2021			45,685
	NET BOOK VALUE
	At 30June 2021			76,091
	At 30June 2020			65,899
11.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			30.6.21	30.6.20
			E	E
	Amounts owed by group undertakings		20,689
	Other debtors		4,647	24,753
	Prepayments and accrued income		29,042	124,037
			54,378	148,790

12.	CREDITORS:	AM	OUNTS		FALLING DUE W	ITHIN ONE YEA	R
								30.6.21	30.6.20
								E	E
	Trade creditors							145,643	252,240
	Amounts owed		to group		undertakings			24,487	40,852
	Accruals and	deferred		income				38,799	31,397
								208,929	324,489
							Released from	Incoming
							previous	resources
							period	deferred in
						At 1.7.20		the year	At 30.6.21
	EU Peacebuilding		West	Bank		27,733			27,733
	Armenia Open Society			Foundation		57	(57)
						27,790	(27,790)		27,733
13.	MOVEMENT	IN	FUNDS
							Net	Transfers
							movement	between	At
						At 1.7.20	in funds	funds	30.6.21
						E	E	E	E
	Unrestricted	funds
	General fund					54,942	(44,199)	118,297	129,040
	Restricted funds
	Vitol Syria					347,020	(372,785)	25,765
	Jordan - Asfari Pilot						(724)	724
	Mali EU (2019-2022)					98,259	(8,979)	(42,124)	47,156
	EU4Women:	Women's		Economic
	Empowerment	through			Social
	Enterprise					36,165	84,505	(120,670)
	PASARCII					437,836	328,463	(38,578)	727,721
	Open Society	Foundation			-Jordan	222,352	(222,352)
	Sudan UK Aid	Direct					46,289	(242)	46,047
	Morocco EU						(42,126)	42,126
	DIBJordan						(7,022)	7,022
	Vitol Foundation		SRTF	-	Syria		155,433		155,433
	PASARC CCC	- Mali					(7,680)	7,680
	55 - Vitol						191,307		191,307
						1,141,632	144,329	(118,297)	1,167,664
	TOTALFUNDS					1,196,574	100,130		1,296,704

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			415,601	(459,800)	(44,199)
Restricted funds
Vitol Syria				(372,785)	(372,785)
Jordan - Asfari Pilot				(724)	(724)
Mali EU (2019-2022)			306,393	(315,372)	(8,979)
EU4Women:	Women's Economic
Empowerment	through	Social
Enterprise			82,581	1,924	84,505
PASARC 11			2,817,091	(2,488,628)	328,463
Open Society	Foundation	-Jordan		(222,352)	(222,352)
Sudan UK Aid	Direct		444,483	(398,194)	46,289
Morocco EU			185,137	(227,263)	(42,126)
DI8 Jordan				(7,022)	(7,022)
Vitol Foundation SRTF -		Syria	160,495	(5,062)	155,433
PASARC CCC - Mali				(7,680)	(7,680)
55 - Vitol			192,980	(1,673)	191,307
			4,189,160	(4,044,831)	144,329
TOTAL FUNDS			4,604,761	(4,504,631)	100,130

						Net	Transfers
						movement	between	At
					At 1.7.19	in funds	funds	30.6.20
					E	E	E	E
Unrestricted	funds
General fund					71,158	80,284	(96,500)	54,942
Restricted funds
EU Peacebuilding		West		Bank		(30)	30
CowaterSogema					4,993	(8,850)	3,857
Vitol Syria						347,020		347,020
Mali EU (2019-2022)						98,259		98,259
EU4Women:	Women's		Economic
Empowerment	through			Social
Enterprise						(56,448)	92,613	36,165
PASARC II					1,311,253	(873,417)		437,836
Open Society	Foundation			-Jordan		222,352		222,352
					1,316,246	(271,114)	96,500	1,141,632
TOTAL FUNDS					1,387404	I390,8303	-	1,198,374

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted	funds
General fund				132,634	(52,350)	80,284
Restricted funds
Sudan Comic	Relief			15,014	(15,014)
EU Peacebuilding West			Bank		(30)	(30)
CowaterSogema				263,735	(272,585)	(8,850)
Vitol Syria				361,544	(14,524)	347,020
Mali EU (2019-2022)				293,509	(195,250)	98,259
EU4Women:	Women's	Economic
Empowerment	through		Social
Enterprise				93,848	(150,296)	(56,448)
PASARC 11				1,435,046	(2,308,463)	(873,417)
Open Society	Foundation		-Armenia	2,553	(2,553)
Open Society	Foundation		-Jordan	333,170	(110,818)	222,352
Sudan UK Aid	Direct			101,315	(101,315)
Morocco EU				113,050	(113,050)
				3,012,784	(3,283,898)	(271,114)
TOTAL FUNDS				3,145,418	(3,336,248)	(190,830)