2021-12-31-accounts - Associated Country Women Of The World

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			Page
Reference and administrative		information	2-3
Report ofthe trustees			4 —19
Independent auditor's	report		20 —21
Statement of financial	activities		22
Balance sheet			23
Statement ofcash flows			24
Notes to lhe financial	stalements		25-34

World President					Mrs Ma die de Keck			South Afnca	South Afnca
Deputy World President/Acting		Treasurer/			Mrs Alison Burnett			Scoliand
Chairman Food &A riculture		Cornrnitlee
Secretary /Chairman Triennial		World			Mrs Christine Raeburn			Canada
Conference Committee
Chairman Finance & Membership			Committee		Miss Ruth Cargill (resigned	June		Australia
					2020
					Mrs Alison Burnett (Actin	)
Chairman Communications &		Marketing			Mrs Sheila Needham			Canada
Committee
Chairman Projects Committee					Mrs Maybel Moyo (deceased			Zimbabwe
					June 2020
					Mrs Edwina Marr (coopted	June		Northern	Ireland
					2020
Chairman Umted Nations Committee					Mrs Marie Kenny			Canada
Area President	Canada				Mrs Linda Ho			Canada
Area President	Caribbean, Central		& South		Mrs Irene Hinds			Trinidad	&Tobago
Amenca
Area President	Central & South Asia				Sr Lucas Arul Seeli (removed			India
					June 2020)
					Mrs Magdie de Kock (Acting		from
					June 2020
Area President	East, West and	Central		Africa	Ms Irene Chin'e			Cameroon
Area President	Europe				Mrs Afrodita Roman			Romania
Area President	South East Asia &		the Far East		Mrs Nor'anah Razait			Mala sia
Area President	Soulhern Africa				Mrs Anphia Grobler (Resigned			South Africa
					October 2019
					Dr Marina Muller (co-opted			Namibia
					October 2019)
Area President	South Pamfic				Mrs Gait Commens			Australia
Area President	United States ofAmerica				Mrs Bonnie Teeples			United States ofAmenca

Charity	Registration	1174798(formerly 290367)	1174798(formerly 290367)	1174798(formerly 290367)
Principal	Office	A04 Parkhall
		40 Martell Road
		London SE21 8EN
Bankers		National Westminster	Bank pic
		57 Victoria Street
		London SW1H OHP
investment	Managers	Close Asset Management		Limited
		10Primrose Square
		London EC2 2BY
Auditors		Appleby &Wood (London)		Limited
		40 The Lock Building
		72 High Street
		London E152QB

							Unrestricted	Restricted	Total 2021	Total2020
							Funds	Fuiids
						Note	6	6
Income:
Donations, membership		and	legacies			2	232,235	1,412	233,647	219,349
Investment income							78,602		78,602	67,209
Charitable activities						3	468	65,695	66,163	3,877
Total income							311,305	67,107	378,412	290,435
Expenditure:
Raising funds:
Investment management		costs					10,637		10,637	10,716
Charitable activities:
Project activities							154,398	101,079	255,477	219,138
Education							57,627		57,627	53,306
Outreach							52,301		52,301	44,422
Information and research							97,896		97,896	88,843
United Nations representation							28,747		28,747	44,422
Conference preparation
Total expenditure						4	401,606	101,079	502,685	460,847
Net income/(expenditure)							(90,301)	(33,972)	(124,273)	(170,412)
Transfer between funcls							62,831	(62,831)
Net income/(expenditure)		before other			gains		(27,470)	(96,803)	(124,273)	(170,412)
(I oss)/Gains on investment			assets				139,948		139,948	162,868
Net movement in funds							112,478	(96,803)	15,675	(7,544)
Fund ba/ances brought	forward			1 January	2021		2,558,214	371,002	2,929,216	2,936,760
Total fun&la carried forward			31 December 2021			12	2670692	274 199	2 944 891	2 929216

						2021	2020
				Note	6		5
Fixed assets
Tangible assets Investments							16,406 2,771,496	22,113 2,638,872
							2,787,902	2,660,985
Current assets
Debtors Cash at bank and	in	hand			4I1,508 197,175		34,546 385,349
					238,683		419,895
Creditors; Amounls within one year		falling	due	8	~74,788		~742,7847
Net current assets							154,494	277,191
Total assets less current			liabilities				2,952,396	2,938,176
Creditors: Amounts		falling	due
after one year							(7,505)	(8,960)
Net Assets							2 944,891	2,929,216
Funds
ACWW
Restricted funds Designated funds Unrestricted funds				10 11 11			274,199 297,791 2,372,901	371,002 279,413 2,278,801
Total Funds							2,944,891	2,929,216
The accounts were approverl			by the board on	21	October	2022 and signed on their behalf by
Alison Burnett					Mrs Madgie	(v~ de Kock
Acting Treasurer					President

			2021	2020
			5	8
Cash flows from operating	activities:		(267,662)	(136,790)
Cash flows from investing	activities:
Dividends and interest and	rents investments		78,602	67,209
Purchase offixed assets Sale offixed assets			(6,438)	(7,678) 235
Purchase of investments Proceeds from sale of investments			(292,450) 299,774	(764,464) 972,063
Net cash provided by investing activities			79,488	267,365
Cash flows from financing	activities:
Repayments of borrowing
Cash inflow from new borrowing
Receipt ofendowment
Net cash provided by financing activities
Changein cash and cash	equivalents	in the year	(188,174)	130,575
Cash and cash equivalents	brought	forward	385,349	254,774
Cash and cash equivalents	carried forward		197,175	385,349

1	ACCOUNTING POLICIES (CONTINUED)
1.4	Expenditure (continued)
	The value of services provided by volunteers is not incorporated into these financial stalemenls					Further
	details of the contribution made by volunteers can be found in the Trustees' Annual	Report
	Grants payable are included in Ihe Statemenl of Financial Activities when approved		by the	trustees and
	agreed with the beneficiary. Grants where Ihe benefiaary has nol been informed or has to			meet		certain
	conditions before the grant is released are not accrued bul are noted as financial	commitments
	Charitable expendilure comprises those costs incurrerl by Ihe chanly in the delivery		of its	activities and
	services for its beneficiaries II includes both costs allocateci directly Io such activities		and those		costs of		an
	indirect nature necessary lo support them.
1.5	Tangible fixed assets
	Tangible fixed assets are slated at cost less depreciation Depreciation is provirled		at rates	calculated			to
	write off the cost or valuation of fixecl assets, less their estimated resirlual value,	over	their expected			useful
	lives as follows:
	Furniture and equipmenl - 5 years straight line
1.6	Investments
	Investments are a form of basic fmancial instrument and are initially recognised	al their Iransacbon				value
	and subsequently measured at their fair value as at Ihe balance sheet date using the closmg quoterl market
	All gains and losses are taken to the Statement of Financial Actiwlies as they	arise.	Realised		gains and
	losses on investments are calculated as Ihe difference between sale proceeds	and opening		market		value
	(purchase date if later). Unrealised gains and losses are calculated as the difference		between		the	market
	value al the year end and openinq market value (or purchase date if later).
1.7	Debtors and creditors receivable I payable within one year
	Debtors and creditors with no staled interest rale encl receivable or payable within	one	year are		recorcled		at
	transaction price. Any tosses arising from impairntent are recognised in expenditure
1.8	Foreign currencies
	Transachons in foreign currencies are translated at rates prevailing at Ihe date of	the transaction.			Balances
	stated in foreign currencies are translated at the rate ofexchange prevailing at the	year end.
1.9	Funds accounting
	Restncted funcls —these are funds that can only be used for specific reslriclecl purposes		within Ihe objects				of
	the chanty Restrictions arise when specified by the donor or when funds are raised for particular				restncted
	Designated funds —these are funds set aside by the truslees out of unrestricted	general funds			for speci/ic
	future purposes or projects.
	Unrestriclerl general funds —these are funds which can be used in accordance with Ihe		charitable		objects		at
	the discretion of the trustees
1.1	Operating leases
	The rental charges of operating leases are charged to the Statemenl of Financml Activities as				and	when
	these are paid

2	DONATIONS,	MEMBERSHIP AND LEGACIES	MEMBERSHIP AND LEGACIES			2021	2020
						f	6
	Membership subscriptions Donations Legacies					49,491 128,537 55,619	46,719 172,630
						233,647	219,349
3	CHARITABLE	ACTIVITIES				2021	2020
							8
	Conference income
	Other income					66,163	3,877
						66,163	3,877
4	EXPENDITURE			Staff and	Support	Total	Total
				Direct Costs	Costs	2021	2020
				6	6	8	6
	Cost of raising	funds:
	Investment management		costs	10,637		10,637	10,716
	Charitable activities:
	Project activities Education Outreach Information and research United Nations representation Conference preparabon			197,205 36,035 32,161 60,980 20,384	58,272 21,592 20,141 36,916 8,363	255,477 57,627 52,301 97,896 28,747	219,138 53,306 44,422 88,843 44,422
				357,400	145,285	502,685	460,847


Staff Costs	2021	2020
	f	f
Salaries and wages	205,793	195,311
Social security costs	19,218	14,413
Other pension costs	10,046	9,485
Other costs	444	5,312
	235,501	224,521

	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS		Furniture &
				Equipment
	Cost
	As at 1st January 2021 Additions Disposals			63,324 6,438 (14,702)
	As at 31st December 2021			55,060
	Depreciation
	As at 1st January 2021			41,211
	Charge for the year Released on disposals			9,465 (12,022)
	As at 31st December 2021			38,654
	Net Book Value
	As at 31stDecember 2021			16,406
	As at 31st December 2020			22,113
6	FIXEDASSETS INVESTMENTS			2021	2020
				6	E
	Markel Value as at 1stJanuary 2021			2,638,872	2,683,603
	Additions			292,450	764,464
	Disposal proceeds Net investment gains			(299,774) 139,948	(972,063) 162,868
	Market Value as at 31st	December	2021	2,771,496	2,638,872
	Historic Value as at 31st	December	2021	1,324,794	1,405,775
	Analysis of investments. '
	Equity - UK			594,537	512,727
	Equity - overseas			786,786	666,193
	Fixed interest securities -	UK		232,376	296,718
	Alternatives			229,913	148,021
	property			54,900	47,925
	Money Markel fund
	CAF Income Fund			856,729	898,502
	Capital Account Balance Cash deposits			4,708 11,547	60,552 8,234
	Tota I			2,771,496	2,638,872
	The following investments	represent	more Ihan 5'/o of the total investment	portfolio as at 31st December 2021c
	CAF Fixed interest BIncome Fund			856,729	898,502

DEBTORS
	2021	2020
	f	f'
Income tax and VAT recoverable	5,791	3,193
Dividends and interest receivable	11,546	12,522
Prepaymenls	24,171	18,831
Prepayments related to Conference
Accrued income
	41,508	34,546

CREDITORS: Amounts	falling due within one year	2021 f	2020 f
Trade Creditors			1,975
Taxes and social sectirity costs		4,787	4,296
Deferred income (note	9)	18,821	26,055
Other creditors		6,863	4,681
Grant commitments		27,943	86,529
Accruals		15,775	19,168
		74,189	142,704

CREDITORS: Amounts falling	CREDITORS: Amounts falling	due after one year	2021 f	2020 f
Deferred income at	1st January	2021	35,015	40,229
Income recognised	in year		(22,979)	(30,535)
Income deferred in	year		14,290	25,321
Deferred income at	31st December 2021		26,326	35,015
Made up of;
Membership deferred income due within one year			18,821	26,055
Membership deferred income due after one year			7,505	8,960
			26,326	35,015

RESTRICTED	FUNDS
							Balance
			Balance 1st			Investment	31st
			January			gain &	December
			2021	Income	Expenditure	Transfers	2021
			6	E	E
Project Funds Conference Sponsorship Fund Lady Aberdeen Scholarship Fund Esse Zimmern Memorial Fund Nutrition Educational Fund			167,662 488 82,369 32,035 88,448	65,695 1,412	(101,079)	(39,036) (23,795)	132,278 488 44,745 8,240 88,448
			371,002	67,107	(101,079)	(62,831)	274,199
RESTRICTED	FUNDS -	PRIOR YEAR
							Balance
			Balance 1st			Investment	31st
			January			gain &	December
			2020	Income	Expenditure	Transfers	2020
			6	E	E	6
Project Funds Conference Sponsorship		Fund	206,043 488	96,766	(135,146)		167,662 488
Lady Aberdeen Scholarship Fund Elise Zimmern Memorial Fund Nutrition Educational Fund			80,910 32,035 88,330	1,459 118			82,369 32,035 88,448
			407,806	98,342	(135,146)		371,002

The fun	e following net assets'
			2021
	Unrestricted	Restricted	Total
	f	f
Tangible fixed assets Investments Current assets Current liabilities	16,406 2,497,297 238,683 (74,189)	274,199	16,406 2,771,496 238,683 (74,189)
Long term liabililies	(7,505)		(7,505)
	2,670,692	274,199	2,944,891

				2021	2020
				f	f
The charity had annual	commitments	under operating	leases as follows'
In less than one year				54,979	54,979
In more than one year				43,550	98,259
				98,529	153,238

RECONCIL	IATION OF N	ET CA	SH IN OP	ERATING ACTIVITIES
						2021	2020
						f	f
Net (expenditure)/income		for the	reporting	period incl. investment	gains	15,675	(7,544)
Adjustments	for.
	Interest and dividends					(78,602)	(67,209)
	Losses/(gains)	on investments				(139,948)	(162,868)
	Depreciation					9,465	8,740
	Losses/(gains)	on fixed asset disposal				2,680
	(Increase)/Decrease		in debtors			(7,938)	21,573
	(Decrease)/Increase		in creditors			(68,994)	70,518
						(267,662)	(136,790)

				Unrestricted	Restricterl	Total 2020	Total 2019
				Funds	Funds
					6
Income:
Donations, membeiship and Investmenl income Charitable actwilies		legacies		121,007 67,209 3,877	98,342	219,349 67,209 3,877	450,799 69,942 296,052
Total income				192,093	98,342	290,435	816,793
Expenditure:
Raising funds:
Investment management	costs			10,716		10,716	8,514
Charitable activities;
Protect activities Education Outreach Information and research United Nations representation Conference preparation				83,992 53,306 44,422 88,843 44,422	135,146	219,138 53,306 44,422 88,843 44,422	269,728 44,417 44,417 88,835 44,417 405,509
Total expenditure				325,701	135,146	460,847	905,837
Net income/(expenditure)				(133,608)	(36,804)	(170,412)	(89,044)
Transfer between funrls
Net income/(expenditure)	before other gains			(133,608)	(36,804)	(170,412)	(89,044)
(Loss)/Gains on investment	assets			162,868		162,868	249,730
Net movement in funds				29,260	(36,804)	(7,544)	160,686
Fund balances brought fonvard			1 January 2020	2,528,954	407,806	2,936,760	2,776,074
Total funds carried forward		31 December 2020		2 558,214	371 002	2,929216	2 936,760