||Page||
|---|---|---|
|Report ofthe Trustees|1 to|8|
|Report ofthe Independent<br>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|





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





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|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<br>and legacies|||415,601||415,601|465,804|
|Charitable<br>activities|||||||
|Charitable<br>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<br>activities|||||||
|Charitable<br>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<br>in funds|||74,098|26,032|100,130|(190,830)|
|RECONCILIATION<br>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|





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|||||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<br>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<br>funds||||129,040|54,942|
|Restricted funds||||1,167,664|1,141,632|
|TOTALFUNDS||||1,196,794|1,196,674|





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





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|RECONCILIATION<br><br>ACTIVITIES|OF NET I|NCOME/(EXPENDI|TURE)<br>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<br>for:||||||
|Depreciation<br>charges||||20,290|18,259|
|Increase<br>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|





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|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<br>Nations||||||420|
|||||||4,189,160|4,253,328|
|4.|CHARITABLE|ACTIVITIES||COSTS||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 5)|Totals|
||||||E|E|E|
||Charitable<br>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|



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|Net income/(expenditure)|Net income/(expenditure)|is stated after.charging/(crediting):|||
|---|---|---|---|---|
||||30.6.21|30.6.20|
||||E|E|
|Depreciation|-owned assets||20,290|18,259|



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|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<br>and legacies||132,634|333,170|465,804|
||Charitable<br>activities|||||
||Charitable<br>Activity|||2,679,614|2,679,614|
||Total||132,634|3,012,784|3,145,418|
||EXPENDITURE ON|||||
||Charitable<br>activities|||||
||Charitable<br>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<br>funds||(96,500)|96,500||
||Net movement<br>in funds||(16,216)|(174,614)|(190,830)|
||RECONCILIATION<br>OF FUNDS|||||
||Total funds brought<br>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<br>owed by group undertakings||20,689||
||Other debtors||4,647|24,753|
||Prepayments<br>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<br>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<br>in||
|||||||At 1.7.20||the year|At 30.6.21|
||EU Peacebuilding||West|Bank||27,733|||27,733|
||Armenia<br>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<br>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<br>Economic|||||
|Empowerment|through|Social||||
|Enterprise|||82,581|1,924|84,505|
|PASARC<br>11|||2,817,091|(2,488,628)|328,463|
|Open Society|Foundation|-Jordan||(222,352)|(222,352)|
|Sudan<br>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<br>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|





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|||||||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<br>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<br>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<br>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)|



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