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|Contents||Page number|
|Organisation
information||2 —3|
|Chairman's
report||4 —5|
|Declaration
—Serious Incidents|||
|Executive Director's
report||7 —13|
|Independent
auditors'
report||14 —16|
|Financial statements|||
|Statement
of financial|activities|17 —18|
|Balance sheet||19|
|Statement
of cash flows||20 —21|
|Notes to the financial|statements|22 —29|
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||||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
|||||Note|funds|funds|Total|Total|
||||||USD|USD|USD|USD|
|Income|||||||||
|Oonati ons|||||||||
|~|School|building||||227,806|227,806|169,699|
|~|Child Development||||||||
||Scholarship||Program|||432,917|432,917|389,149|
|~|Getting|Ready for work||||161,401|161,401|196,587|
|~|Special|need|education||||||
||Program|||||36,982|36,982|66,840|
|~|COVID-19 Appeal|||||583,868|583,868|348,297|
|~|You are|not|alone|||28,859|28,859||
|~|General|donations|||174,880||174,880|133,862|
|~|Bank interest||||18,756||18,756|12,834|
|~|Others|||||351|351|898|
|Events and trading
activities||||3|51,035||51,035|295,889|
|Exchange||differences|||3,201||3,201|3,757|
|Total Income|||||247,872|1,472,184|1,720,056|1,617,812|
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|||||N t|31/12/2021
USD|31/12/2020
USD|
|---|---|---|---|---|---|---|
|Current assets|||||||
|Accounts|receivable|||9|655,815|440,175|
|Cash||||10|818,130|575,566|
||||||1,473,945|1,015,741|
|Current
liabilities|||||||
|Accrued|expenses|||11|(114,099)|(146,794)|
|Deferred|income|||12|(1,025,201)|(597,586)|
||||||(1,139,300)|(744,380)|
|Net assets|||||334,645|271,361|
|Funds|||||||
|Funds brought
forward at the
beginning
of the year|||||271,361|167,934|
|Net expenditure|||for the year||63,284|103,427|
|Funds carried forward at the end ofthe year||||13|334,645|271,361|
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||||||Note|2021
USD|2020
USD|
|---|---|---|---|---|---|---|---|
|CASH FLOWS FROM|OPERATING ACTIVITIES|||||||
|Income||||||||
|School building||||||219,402|173,545|
|Child Development|Scholarship|||Program||45 l,191|419,541|
|Getting
Ready for work||||||193,892|197,804|
|Special need education||Program||||87,822|90,923|
|COVID-19 appeal||||||610,184|417,753|
|You are not alone||||||101,674||
|Other activities||||||398,440|564,204|
|||||||2,062,605|1,863,770|
|Expenditure||||||||
|School building||||||256,163|272,221|
|Child Development|Scholarship|||Program||561,059|431,203|
|Getting
Ready for work||||||95,873|186,110|
|Special need education||Program||||51,987|77,555|
|COVID-19 appeal||||||505,016|395,791|
|You are not alone||||||103,891||
|Other activities||||||208,878|215,821|
|Operating
expenses||||||45,259|34,783|
|||||||1,828,126|1,613,484|
|Net cash flows from|operating||activities|||234,479|250,286|
|CASH FLOWS FROM|INVESTING|||ACTIVITIES||||
|Placements
of term deposits||||||(445,331)|(466,536)|
|Receipts of term deposits||and interest||||450,215|190,974|
|Net cash flows from|investing||activities|||4,884|(275,562)|
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||||Note|2021|2020
USD|
|---|---|---|---|---|---|
|Net cash flows during the year||||239,363|(25,276)|
|Cash at beginning|ofthe year|||575,566|597,085|
|Effect of exchange|rate fluctuations|on cash||3,201|3,757|
|Cash at end ofthe|year||'l0|818,130|575,566|
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||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total|Total|
||||USD|USD|USD|USD|
|Summer|Ball events||22||22|147,162|
|Charity Cycle Adventure|||9,515||9,515|I09,981|
|H2H bike ride|||5,694||5,694|15,552|
|Cards, calendars||and T-shirts|14,077||I4,077|14,793|
|Step challenge|||6,085||6,085|8,380|
|Others|||15,642||15,642|21|
||||51,035||51,035|295,889|
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|Fund raising||||||
|---|---|---|---|---|---|
|||2021|2021|2021|2020|
|||Unrestricted|Restricted|||
|||funds|funds|Total|Total|
|||USD|USD|USD|USD|
|Staff costs||20,266|121,941|142,207|146,473|
|Support costs||1,525|9,179|10,704|14,527|
|Summer
Ball events||3,152||3,152|23,828|
|Charity Cycle Adventure||150||150|35,206|
|Cards, calendars|and T-shirts|6,580||6,580|2,212|
|Step challenge||6,005||6,005|4,196|
|H2H bike ride||11||11|11|
|Others||3,821||3,821|2,390|
|||41,510|131,120|172,630|228,843|
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|||2021|2021|2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Total|Total|
|||USD|USD|USD|USD|
|Staff costs||1,763|10,606|12,369|12,682|
|Rent and utilities||572|3,443|4,015|3,163|
|Office expenses||256|1,543|1,799|1,617|
|Travelling|expenses|7|43|50|83|
|Bank charges||413|2,483|2,896|1,277|
|Others||167|1,006|1,173|1,101|
|||3,178|19,124|22,302|19,923|
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||||Cost of||||
|---|---|---|---|---|---|---|
|||Charitable|generating|||Basis of|
|Cost|type|activities|funds|Governance|Total|apportionment|
|||USD|USD|USD|USD||
|2021|||||||
|Staff costs||174,950|39,253|9,813|224,016|(*)|
|Rent and|utilities|10,421|4,327|4,015|18,763|(**)|
|Office expenses||4,670|1,939|1,799|8,408|(**)|
|Travelling|expenses|126|53|49|228|(**)|
|Bank charges||7,519|3,122|2,896|13,537|(**)|
|Others||3,045|1,264|1,173|5,482|(**)|
|||200,73 I|49,958|I9,745|270,434||
||||Cost of||||
|||Charitable|generating|||Basis of|
|Cost|type|activities|funds|Governance|Total|apportionment|
|||USD|USD|USD|USD||
|2020|||||||
|Staff costs||159,611|47,588|9,518|216,717|(*)|
|Rent and|utilities|14,811|6,348|3,163|24,322|(**)|
|Office expenses||7,571|3,245|1,617|12,433|(**)|
|Travelling|expenses|389|166|83|638|(**)|
|Bank charges||5,979|2,562|1,277|9,818|(**)|
|Others||5,147|2,206|1,099|8,452|(**)|
|||193,508|62,115|I6,757|272,380||
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||||Average|number||
|---|---|---|---|---|---|
||||2021|2020||
|Director|||1||1|
|Charitable|activities||15||14|
|Fundraising|||7||6|
|Finance, Admin,||HR, IT|8||10|
||||31||31|
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|Staff c|osts|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||USD|USD|
|Salaries,|wages|and|benefits|393,296|355,437|
|Insurance||||84,181|88,992|
|Others||||2,370|4,336|
|||||479,847|448,765|
|||Number
of|employees|
|---|---|---|---|
|||2021|2020|
|USD100,000 - 110,000||||
|Accoun|ts receivable|||
|||31/12/2021|31/12/2020|
|||USD|USD|
|Donation|receivables|244,509|44,565|
|Others||411,306|395,610|
|||655,815|440,175|
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|Cash|||||||
|---|---|---|---|---|---|---|
||||||31/12/2021|31/12/2020|
||||||USD|USD|
|Cash on hand|||||2,059|4,680|
|Cash
in banks|||||816,07
I|570,886|
||||||818,130|575,566|
|Accrued expenses|||||||
||||||31/12/2021|31/12/2020|
||||||USD|USD|
|School building|||||51,878|96,676|
|Bonus and 13th salary|||||53,885|25,646|
|Others|||||8,336|24,472|
||||||114,099|146,794|
|Deferred income|||||||
||||||31/12/2021|31/12/2020|
||||||USD|USD|
|Current
liabilities|||||||
|Unrestricted
donations|||||71,622||
|Restricted donations:|||||||
|School building
(a)|||||93,612|82,793|
|Child Development|Scholarship||Program|(b)|294,615|279,981|
|Getting Ready for work||(b)|||55,708|32,115|
|Special need education||Program|(b)||172,756|117,403|
|COVID-19 Appeal|(b)||||255,431|76,702|
|You are not alone|||||72,865||
|Others|||||8,592|8,592|
||||||1,025,201|597,586|
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|Moveme|nts
in the de|ferred|inco|me|during
the year were as f|ollows:|
|---|---|---|---|---|---|---|
|||||||USD|
|Opening|balance|||||597,586|
|Increase|in deferred|income during|||the year|1,025,201|
|Deferred|income realised||during|the|year|(597,586)|
|Closing|balance|||||1,025,201|
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|Funds|||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||USD|USD|USD|
|Income||247,872|1,472,184|1,720,056|
|Expenditure||(44,688)|(1,612,084)|(1,656,772)|
|lUet income/(expenditure)|before transfers|203,184|(139,900)|63,284|
|Gross transfers
between|funds (*)|(139,900)|139,900||
|Net expenditure
after transfers||63,284||63,284|
|Total funds brought
forward
at 1 January 2021||271,361||271,361|
|Total funds carried forward
at 31 December 2021||334,645||334,645|
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||||31/12/2021|31/12/2020|
|---|---|---|---|---|
||||USD|USD|
|Within|one|year|26,081|15,359|
|Within|two|to five years|42,237||
||||68,318|15,359|