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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|
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|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|Registration|Number|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|||
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||||||||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||||
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||||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|
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|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|||||||
##
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##
|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|
##
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##
||||
|---|---|---|
|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|
##
##
||5|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|ds of the chanty are represented
by th|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)|
##
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##
|||||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|