## ||||||Page| |---|---|---|---|---|---| |Members
of the board||of trustees|and administrative|information|| |Report of the|trustees||||4 —11| |Independent|auditors|report|||12 —13| |Statement
of|financial|actiwties|||14| |Ba'ance sheet|||||16| |Statement
of|cash flows||||16| |Notes to the fin anmal||statements|||17-26| |World President|World President||||||Mrs Magdie de Kock|||~South Afnca|~South Afnca|~South Afnca| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Deputy World|President||/ Chairman|||Food &|Mrs Alison Burnett|||Scotland||| |Agn culture
Committee||||||||||||| |Secretary/Chairman||Triennial||World|||Mrs Christine
Reaburn|||Canada||| |Conference
Committee||||||||||||| |Treasurer
/ Chairman||Finance||&|Membership||Miss Ruth
Cargill (resigned|June 2020)||Australia||| |Committee||||||||||||| ||||||||Mrs Alison Burnett (Acting)|||||| |Chairroan
Communications|||& Marketing||||Mrs Sheila Needham|||||| |Comrmttee||||||||||||| |Chairn. an projects Committee|||||||Mrs Maybel
Moyo ldeceased June 2020)|||2imbabwe||| ||||||||Mrs Edwina
Marr (coopted|June|2020)|Northern||Ireland| |Chairman
United
Nations|||Committee||||Mrs Marie Kenny|||Canada||| |Area President|Canada||||||Mrs Linda
Hoy|||||| |Area President|Caribbean,||Central||&South||Mrs Irene Hinds|||Trinidad|8|Tobago| |America||||||||||||| |Area President|Central|&|South Asia||||Sr Lucas Arul Seeli (removedlune||2020)|India||| ||||||||Mrs Magdie de Kock (Acting|fron,|June 2020)|||| |Area President|East, West and|||Central||Africa|Ms Irene Chinje|||Cameroon||| |Area President|Europe||||||Mrs Afrodita
Roman|||Romania||| |Area President|South|East Asia||8|the|Far East|Mrs Norjanah
Razali|||Malaysia||| |Area President|Southern||Africa||||Mrs Anphia
Grobler (Resigned October 2019)|||South Africa||| ||||||||Dr Manna
Muller (co-opted|October 2019)||Namibia||| |Area President|South|Pacific|||||Mrs Gail Comrnens|||Australia||| |~Area
President|United|States of America|||||Mrs Bonnie Teeples|||United States of Am ence||| ## ## ## ## ## ## ## |75%|of|the project grant total was **sent** **to**
hthe project with the final 25% subiect to|the project grant total was **sent** **to**
hthe project with the final 25% subiect to|the project grant total was **sent** **to**
hthe project with the final 25% subiect to|satisfactory|satisfactory|progress|progress|reports|reports|reports||An|additional|additional|additional| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |sum|is generally
set aside for evaluation
**w**sit**,**
sits
In 2022, donations
to proiects and||||tiie|projects|restricted|||Women|||Empowered|||| |Fund|amounted
to E73,120,of which the Wl of England
gt Wales||contnbuted
E68,872|||||||||||||| |Projects||Funded
in 2022||||||||||||||| |1120||Sain Tus Development
Bridget NGQ, Mongolia.||||||||||||||| |||Proiect title; Economic
Em **owe**
p
rntent
for Survivors of Domestic Violence||Criteria
Education
and||||||Capacity|||Building|||| |1121||Alpha Women Empowerment
Initiative,
Uganda.||||||||||||||| |||Proiect title.'Improvin
Rural **W**
P
8
a
omen'sAccesstoSafeWater.
Criteria
SustainableWater,|||||Sanitationard|||||Energy||||| |1122||Heart for Girls Initiative,
Uganda.||||||||||||||| |||Proiect title.
Improvin
Awa
8
reness,
Access and
Utilization
of Friendly,
Responsive,
and|||||Inclusive|||Sexual|||Reprod||uc|ti
ive| |||H alth
e
Bi Rights jSRHR) Services. Criteria. Maternal
and|Reproductive
Health|||||||||||||| |1123||Muwanga
Development
Association,
Uganda.||||||||||||||| |||Proiect title
ICT Training
Hub for Womens
Empowerment.
Criteria. Education||||and Capapty||Building||||||||| |1124||Ndibwami
Integrated
Rescue Project, Uganda.||||||||||||||| |||project title:
Economic
Empowerment
for Single
Mothers
through
Training||||in Agriculture||and||Nutrition.||||Criteria:||| |||Nutrition,
Good Health
and Wellbeing||||||||||||||| |1125||United
for Future Mothers Organisation,
Uganda.||||||||||||||| |||Proiect title. Weaving
Skills for Disabled
Women
and Girls
Criteria: Income|||Generation
and|||Livelihood||||||||| |1126||Youth Initiative
for Community
Empowerment,
Uganda.||||||||||||||| |||Prolect title
Promoting
Food Security
and Regenerative
Farming
for Refugee||||Women|and|Young|||Farmers.|||Criteria;||| |||Sustainable
Agriculture,
Training
and Development||||||||||||||| |1127||Youth with
a Focus Teso, Uganda.||||||||||||||| |||project tltlei'Empowenng
vulnerable
women
and Girls,|criteria: sustainable||Agriculture,||Training|||and|Development|||||| |1128||Organisation:
Synergic d'Actions
pour
un Developpement|Approprie
jSADAj, Togo.|||||||||||||| |||Prolect title: Agricultural
Products
Processing
Criteria.|Income Generation||and|Lwelihood||||||||||| |1129||Organisation.
Community
Action for Rural Development,|India.|||||||||||||| |||project titie: After School Education
for Rural Children|Cnteria
Education|and||capacity|Building|||||||||| |1130||Organisation;
Community
Concerns
Uganda,
Uganda||||||||||||||| |||Proiect title: Vocational
Training for Sustainable
Livelihoods.
Critena: Education||||and Capacity||Building||||||||| |1131||Organisatiotn
Heritage
Charity Foundation,
Ghana.||||||||||||||| |||Protect title Entrepreneurship
Training
Programme
for|Unemployed
Rural||Women.
Critena: Sustainabie||||||||Agriculture,|||| |||Training
and Development||||||||||||||| |1132||Organisation:
Ntengwe
for Community
Development,
Zimbabwe.
project title
Ensuring
Seed Security through
Community
Seed Banks,
Criteria; Sustainabie||||||Agnculture,|||||Training|||and| |||Development||||||||||||||| |1133||Organisation.
Organisation
for Community
Development,
Prolect title. Accessible
Drinking Water for Fisher Folk.|India.
Criteria: Sustainable||Water, Sanitation
aitd|||||Energy||||||| |1134||Organisation
Voice for Change, Papua
New Guinea.
Prelect title: Draught
Impacts and Mitigation
Strategies.|Critena
5usta nable Agriculture,||||Tranttng|||and Development||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |We obta neo ar understanding
of the legal and regulatory
framewo
ks tiat are appicable to he chantyanc|We obta neo ar understanding
of the legal and regulatory
framewo
ks tiat are appicable to he chantyanc|de e|n red tl at tlic most|n red tl at tlic most|| |---|---|---|---|---|---| |signrficant
are xas102, the cliarities Act 2011 and the chantres
soRP, together
with|the supervisory
requirenents||of the charit es||| |Commission|||||| |fne chants
operates
locally and
is
r ot significantly
impacted
by internalional
law or|egulat iona. As a registe|d cl anty
in 1nglanc||and|| |Wales, they are not
I able for Ircome Tax or Corporation
Tax on income denved
fron|its char table activ ties||||| |We unders
ood how the charity
is complying
vnth those franieworks
through
discussions
with the trustees
and rev|||ew of the trustees||| |m nutes
ano t tie chanty's
documer
ted policies and procedures|||||| |We assesseil the susceptibihty
of the chanty's
fina nqal statements
to ma tenet misstatement
includirig
I ow||fraud
might occur by considenng|||| |tlie key risks impactmg
the Financial staterr ents.|||||| |Based cn this understanding
we designed
our aud t procedures
to identify
non comphan
e with
such laws and regclatrons
Ou' procedc|||||es| |involved
review of the tr istees
reporting
to the chan;y with respect of Lhe applrcation
of the documented
polic es|||and
I rocedures|ar d|| |review of the finaroal
sta:emenw
to ensure compt ance vnth the re portmg
reqmren|ents of I'ie charity||||| |Our pre-audrt
review speofically
makes reference to fraud
risk and trns is suppo
teo|by audit cocumentatior|We also revrew board||mu utes|| |to identify a"y matters
of concern or nsk
hone
was identified,|||||| |2"e chanty
is small,
its activities are regular sr d cmisistent
and are not complex
and|no speqal
audit considerations||apply,
nor is ex:ariel||| |specie ist a sistance
req ~ red|||||| ## ## ## |||||Unrestricted|Unrestricted|Restl'feted|Total 2022|Total 2021| |---|---|---|---|---|---|---|---|---| |||||Funds||Funds||| ||||Note||6|6||| |Income||||||||| |Duration,
mernbersli|0 and legacies||||198,936||198,936|233,647| |Ir restn rnt income|||||86,069||86,069|78,602| |Clia itab e activities|||||10,810|74,537|85,347|66,163| |Total income|||||295,815|74,537|370,352|378,412| |Expenditure:||||||||| |Raising funds:||||||||| |Investment
management||costs|||10,720||10,720|10,637| |Charitable
activities:||||||||| |Proiect activities|||||94,024|63,073|157,097|255,477| |Education|||||74,306||74,306|57,627| |Outreach|||||154,974||154,974|52,301| |lnformatron
and research|||||91,666||91,666|97,896| |United
Nations
representation|||||86,288||86,288|28,747| |Conference
preparation|||||50,4?6||50,426|| |Total expenditure|||4||562,403|63,073|625,476|502,685| |Nel income/(expenditure)||||(266,588)||11,464|(255,124)|(124,273)| |Transfer between
funcis||||||||| |Net income/(expenditure)||before other gains||(266,588)||11,464|(255,124)|(124,273)| |(Ioss)/Gains
on nsvestnient||assets||(335,116)|||(335,116)|139,948| |Net movenient
in funds||||(601,704)||11,464|(590,240)|15,675| |Fi nd balances
brougiit|forwarc! 1 Ianuar 7 2022||16|2,670,692||274,199|?,944,891|2,929,216| |Total funds carried forward 31 December 2022|||12|2,068,988||285 663|2 354,651|2,944,891| ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Note||||| |Fixed assets|||||||||| |:an;iisie ass|ts||||||8,554||16,406| |Investments|||||||2,225,834||2 771496| ||||||||2,234,388||2,787,902| |Current assets|||||||||| |DeiJtors||||||55,621||41,508|| |Cash at bank|anci|in|rand|||515,528||197,175|| |||||||571,149||238,683|| |Creditors. '4|nounts||faling dcie||||||| |within
one year||||||(423,131)||(74,189)|| |Net current|assets||||||148,018||164,494| |Total assets|less|current||liabilities|||2,382,406||2,952,396| |Creditors:
Arnis,||its|falliri|due|||||| |after one year|||||||(27,755)||(7,505)| |Net Assets|||||||2,354,651||2,944,891| |Fulids|||||||||| |ACLYW|||||||||| |Restricted
funds|||||10||285,663||274,199| |Designated
'uncls|||||11||304,695||297,791| |Unrestncted|funds||||11||1,764,293||2,372,901| |Total Funds|||||||2,354,651||2,944,891| ## ## ||||Note|2022|2021| |---|---|---|---|---|---| |||||6|6| |Cash flows from operating|activities.||15|21,738|(267,662)| |Cash flows from investing|activities:||||| |Dividends
and interest
and|rents investments|||86,069|78,602| |Purchase offixed assets|||||(6,438)| |Saleof fixed assets|||||| |Purchase of investments||||(283,505)|(292,450)| |Proceeds from sale of investments||||494,051|299,774| |Net cash pravided
by investing
activities||||296,615|79,488| |Cash flows from financing|activities:||||| |Repayments
of borrowing|||||| |Cash inflow from new borrowing|||||| |Receipt of endowment|||||| |Net cash provided
byfinancing
activities|||||| |Changein
cash and cash equivaientsin||the year||318,353|(188,174)| |Cash and cash equivalents|brought
forward|||197,175|385,349| |Cash and cash equivalents|carried forward|||515,528|197,175| ## ## ## ## ## ## ## ## |1|ACCOUNTING
POLICIES)CONTINUED)|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |1N|Expenditure
(continued)|||||||||||||||||||| ||i he value of services provided
Ivy vol
ntee
s is i'ot Ificqi'Pqlatf'd
ii'ito|th, se f ia"||||. I|st|te,"r. Is F,l I'rw
'vt|||||||||i 's|iil|liw|| ||coritr ilsution
macle
I'y vol inteers can be found
n tlie Trustees
Ann ia'|Rcpurt||||||||||||||||||| ||Grants
payable
a e inchrcled
m tlie Stateiner
t of Finer cmi Aclivitir
s wliu
~ approv:
tienef ciary
Grants wheie
the henefic aiy has cot b, en mfo medor
has ro mert|||d liy the t«sleds
rermin
conditm|||||||ar'd
greco wrt i the
s before I!'e u' "t is|||||||||| ||eleaaed are nOt aCCrued
birt are rtqteq
aS hnancier
COninutmentS|||||||||||||||||||| ||Chantabi'
expenditure
comprises
those costs incurred
by the charny|in|Ine delwery||||oF its||ctiwi||s|and|||service|||f|i|rs| ||rieneficiaries.
It includes
both costs al,ocated directry to such actiwties||anr, thosr||costs oi an|||||imfirect|||n||t.iie||riecessary|||| ||to support
them|||||||||||||||||||| |1.5|Tangible fixed assets|||||||||||||||||||| ||Tangrble
fi ed assets are stated
at cost less c'epreciation
Deprecration||is piowoed,|||st rates|||cali:ulatid|||||to v;rite off|||||tiie|| ||cost or valuation
of fixi'.d assets, less tlieir estimated
res clual va'ue,
over||tlie
r expected useful|||||||lives|as||'ogows.|||||||| ||Furniture
and equiprtient
- 5 years straight
line|||||||||||||||||||| |1.6|Investments|||||||||||||||||||| ||livestments
are
a form
of basic
financial
instrume
~t and
aie
initially
r cognised||||||ar|th||ir
tra|isartron|||||value|||grief|| ||subsequently
measured
at tlieir fair valui
as at the balanc
sheet date|iismg the rlosrngquotec!||||||||eiarhet|||pncr.|||||||| ||Ail gairis
and
losses are
'taken
to the Statement
of Financial
Activities||as th
y||arise|||Realised
gains|||||||and||losses||or'|| ||,nvestrnents
are calculated
as thi
diffei ence betw
en sale proceeds ard||opening|rvarxet||||ialue !purchase|||||||ctale if later!|||||| ||unrealised
gains and losses are calculated
as tiie pi!tera ice
between|tiie mamet|||v||lire|at|tlie year||||encl and||||coen rig|||| ||market
value Ior purchase
date
if later'.|||||||||||||||||||| |1,7|Debtors and creditors receivable/
payable
within one year|||||||||||||||||||| ||Debtors
and
creditors
with
no stated
interest
tare
and
receivable|o
payable||||wit!tin|||one
year||||aie
ilcorrled|||||||al| ||t ansactron
price
Any losses ansing frcm rmpairment
are iecognised
in|expenditure||||||||||||||||||| |1.8|Foreign currencies|||||||||||||||||||| ||Trarsactions
in foieign currericies
are translated
at rates prevailing
al|the dat
o(|||ttie trans|||||c'.ion||Baiarces|||||staled|||in| ||foreign
cui rene ies are translated
at t!se rat. of excl a ige preva
Img al tl|e year en!||||||||||||||||||| |1.9|Funds accounting|||||||||||||||||||| ||Restricted
funds
- these are funds
tnal can only
be used
foi specific||restncted||oui pose;|||||witliin||the|||oh!acts of||||the|| ||cliantv
Restnctions
ai isa wlien specified
by the do:ior or *hen funds aie raised foi|||||iiai', icuiar||||restri||ted||purposes.||||||| ||Des fnaied
funds
—these a(e lirnds
set asid
Ly
tl e trustees
o,it of||wiresliimio||||geneial|||furu!s||lor|||sp
i.|fic iut,.ir||||| ||pcirposes oi prolects.|||||||||||||||||||| ||Linrestrictei!
general
funds
—these
are
firrids
which
can be ised
in|acrurdani.||||w|th|tlie||cnaritar:I,.|||||oliiects a'||||tt|e| ||discretion o' the lrustees|||||||||||||||||||| |1.1|Operating
leases|||||||||||||||||||| ||T ie rental
cliarges of op
rating leases are cl arged to the Sta:cue't oi|F|nancial pctwi||||ies|as|anc wl||en||tnese|||a e p. ii!||||| ## ## |2|DONATIONS,|DONATIONS,|MEMBERSHIP AND LEGACIES|MEMBERSHIP AND LEGACIES|MEMBERSHIP AND LEGACIES|||2022|2021| |---|---|---|---|---|---|---|---|---|---| |||||||||6|6| ||Membership||subscnptions|||||35,700|49,491| ||Donatians|||||||151,638|128,537| ||Legacies|||||||11,598|55,619| |||||||||198,936|233,647| |3|CHARITABLE ACTIVITIES|||||||2022|2021| |||||||||6|E| ||Conference|mcome|||||||| ||Other income|||||||85,347|66,163| |||||||||85,347|66,163| |4|EXPENDITURE|||||Staff and|Support|Total|Total| |||||||Direct Costs|Costs|2022|2021| |||||||E|6|6|6| ||Cost of raising||funds.||||||| ||Investment|management|||costs|10,720||10,720|10,637| ||Charitable|activities:|||||||| ||Project activities|||||120,878|36,219|157,097|255,II77| ||Education|||||58,504|15,802|74,306|57,627| ||Outreach|||||108,302|46,671|154,974|52,301| ||Infarmation|and||research||71,480|20,186|91,666|97,896| ||United
Nations|||representation||73,136|13,152|86,288|28,747| ||Conference|preparation||||49,310|1,116|50,426|| |||||||492,331|133,145|625,476|502,685| ## |4.1|Governance
Costs||2022|2021| |---|---|---|---|---| ||||E|E| ||Auditors'
remuneration|- for audit|6,580|6,580| |||-for other services|750|1,125| ||Legal and professional||2,717|8,190| ||Trustee indemnity
insurance||1,021|531| ||Other governance||504
11,572|433
16,859| |4.2|Staff Costs||2022|2021| ||||E|E| ||Sa lanes and wages
Social security costs
Other pension
costs
Other costs||282,128
25,881
12,877
2,128
323,014|205,793
19,218
10046
444
235,501| ## |5|TANGIBLE FIXED ASSETS|TANGIBLE FIXED ASSETS|||Furniture
&|| |---|---|---|---|---|---|---| ||||||Equipment|| ||||||6|| ||Cost|||||| ||As at 1stJanuary 2022||||55,060|| ||Additions|||||| ||Disposals|||||| ||As at 31st December 2022||||55,060|| ||Depreciation|||||| ||As at 1st lanuary
2022||||38,654|| ||Charge for the year||||7,852|| ||Released on disposals|||||| ||As at 31st December 2022||||46,506|| ||Net Book Value|||||| ||As at 31st December 2022||||8,554|| ||As at 31st December 2021||||16,406|| |6|FIXED ASSETS INVESTMENTS||||2022|2021| ||||||6|6| ||Market Value as at 1st lanuary||2022||2,771,!I96|2,638,872| ||Additions||||283,505|292, !ISD| ||Disposal proceeds||||f494,051)|)299,774l| ||Net investment
gains||||(335,116)|139,948| ||Market Value as at 31st|December||2022|2 225 834|2 771496| ||Histonc Value as at 31st|December||2022|1,244,288|1,324, 794| ||Analysis of investments:
Equity
- LIK
Equity
-overseas
Fixed interest securities
Alternatives|- UK|||463 SII7
417,156
232,499
288,029|594,537
786,786
232,376
229,913| ||Property
Commodities
CAF Income
Fund
CapitalAccount
Balance
Cash deposits||||51,250
45,462
707,050
9,120
11,721|54,900
856,729
4,708
11,547| ||Total||||2,225,834|2,771,496| ## ## |DEBTORS|||| |---|---|---|---| |||2022|2021| |||6|1| |Income tax and VAT recaverable||2,323|5,791| |Dwid
ends
and interest|receivable|11,721|11,546| |Prepayments||27,660|24,171| |Prepayments
related|to Conference|13,917|| |Accrued inca me|||| |||55,621|41,508| |CREDITORS. Amounts|falling due within|one year|2022|2021| |---|---|---|---|---| ||||6|6| |Taxes and social security costs|||8,716|4,787| |Deferred income (note|9)||372,923|18,821| |Other creditors|||7,038|6,863| |Grant commitments|||14,287|27,943| |Accrual s|||20,167|15,775| ||||423,131|74,189| |CREDITORS. Amounts
falhng due after one year|CREDITORS. Amounts
falhng due after one year|CREDITORS. Amounts
falhng due after one year|CREDITORS. Amounts
falhng due after one year|CREDITORS. Amounts
falhng due after one year|2022|2021| |---|---|---|---|---|---|---| ||||||6|6| |Deferred
income|at|1st January||2022|26,326|35,015| |Income recognised||in year|||(18,9221|(22,979)| |Income deferred|in|year|||393,274|14,290| |Deferred
income|at|31st December 2022|||400,678|26 326| |Made up of:||||||| |Deferred income|including||TWC|income due within one year|3/2,923|18,821| |Deferred income|due after||ane|year|27,755|7,505| ||||||400,678|26,326| ## ||||||||||Investment|Ba Ia n ca 31st| |---|---|---|---|---|---|---|---|---|---|---| |||||||Balance 1st|||gain &|December| |||||||January
2022|Income|Expenditure|Transfers|2022| |||||||f|6|6|6|E| |Proiect|Funds|||||132,278|73,120|(63,073I||142,325| |Conference
Sponsorship||||Fund||488||||488| |Lady Aberdeen||Scholarship|||Fund|44,745|1,417|||46,162| |Elise Zimmern||Memonal||Fund||8,2!IO||||8,240| |Nutrition|Educational||Fund|||88,448||||88,448| |||||||274,199|74,53/|(63,073I||285,663| ||||||||||Investment|Balance 31st| |---|---|---|---|---|---|---|---|---|---|---| |||||||Balance 1st|||gain &|December| |||||||January 2021|Income|Expenditure|Transfers|2021| |||||||6|E|6|E|E| |Project|Funds|||||167,662|65,695|(101,079)||132,278| |Conference
Sponsorship||||Fund||488||||488| |Lady Aberdeen||Scholarship|||Fund|82,369|1,4!2||(39,036)|44,745| |Elise Zimmern||Memorial||Fund||32,035|||(23,795)|8,240| |Nutntion|Educational||Fund|||88,448||||88,448| |||||||371,002|67,107|(101,079)|(62,8311|274,199| ## ## ## ## ||||||||||Investment|Balance 31st| |---|---|---|---|---|---|---|---|---|---|---| |||||||Balance 1st|||gain (loss) &|December| |||||||January 2022|Income|Expenditure|Transfers|2022| |||||||6|6|6|E|E| |Unrestricted||||||2,372,901|287,!I75|(560,967)|(335,116I|1,764,293| |Designated|funds|||||||||| |Margaret
Pollock|||Fund|||105,330||||105,330| |Conference|Contmgency|||Fund||15,000||||15,000| |Office Relocation|||and Maintenance||Fund|142,569||||142,569| |IFRW Fund||||||3II,892||(1,436)||41,796| |||||||2,670,692|295,815|(562,403)|(335,116)|2,068,988| |UNRESTRICTED||FUNDS - PRIOR YEAR||||||||| ||||||||||Investment|Balance 31st| |||||||Ba Iance 1st|||gain (loss) &|December| |||||||January 2021|Income|Expendrture|Transfers|2021| |||||||E|E|6|E|E| |Unrestricted||||||2,278,801|311,305|(401,606)|184,401|2,3727301| |Designated|funds|||||||||| |Margaret
Pollock|||Fund|||105,330||||105,330| |Conference|Contingency|||Fund||15,000||||15,000| |Office Relocation|||and Mamtenance||Fund|124,191|||18,378|142,569| |IFRW Fund||||||34,892||||34,892| |||||||2,558,214|311,305|(401,606)|202,779|2,670,692|