| Report ofTrustees | 1-23 | |
|---|---|---|
| Report of Independent | Auditors | 24- 26 |
| Statement of Financial |
Activities | 27 |
| Balance Sheet | 28 | |
| Cashflow Statement | 29 | |
| Notes to the Cashf low | Statement | 30 |
| Notes to the Financial | Statement | 31 - 37 |
| Detailed Statement of |
Financial Statement | 38 |
| fo | r the year en | ded 31 Decem | ber 2022 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | $ | $ | $ | ||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 499,406 | 2,760,954 | 3,260,360 | 5,482,362 | ||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Sustainable | Livelihoods | 31,427 | 1,657,244 | 1,688,671 | 1,093,621 | ||
| Disaster Relief | 201,584 | 1,000,000 | 1,201,584 | 1,541,678 | |||
| Advocacy Healthcare |
8 Capacity | 212,184 201,538 |
22,027 320,101 |
234,211 521,639 |
314,870 4,392,759 |
||
| Other | 31,606 | 31,606 | 13,434 | ||||
| Total | 678,339 | 2,999,372 | 3,677,711 | 7,356,362 | |||
| NET INCOME/(EXPENDITURE) | (178,933) | (238,418) | (417,351) | (1,874,000 ) | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds | brought forward |
463,789 | 836,106 | 1,299,895 | 3,173,895 | ||
| TOTAL FUNDS CARRIED FORWARD | 284,856 | 597,688 | 882,544 | 1,299,895 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | $ | $ | $ | |||
| CURRENT ASSETS | ||||||
| Debtors | 26,125 | 26,125 | 130,000 | |||
| Cash at bank | 273,908 | 597,689 | 871,597 | 1,187,361 | ||
| 300,033 | 597,689 | 897,722 | 1,317,361 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 12 | (15,178) | (15,178) | (17,466) | |
| NET CURRENT ASSETS | 284,855 | 597,689 | 882,544 | 1,299,895 | ||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 284,855 | 597,689 | 882,544 | 1,299,895 | ||
| NET ASSETS | 284,855 | 597,689 | 882,544 | 1,299,895 | ||
| FUNDS | ||||||
| Unrestricted funds |
284,855 | 463,789 | ||||
| Restricted funds |
597,689 | 836,106 | ||||
| TOTAL FUNDS | 882,544 | 1,299,895 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated | from operations | (315,764) | (2,003,322) | |||
| Net cash used | in operating | activities | (315,764) | (2,003,322) | ||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
(315,764) | (2,003,322 ) | ||||
| Cash and cash | equivalents | at the | ||||
| beginning oFthe reporting |
period | 1,187,361 | 3,190,683 | |||
| Cash and cash | equivalents | at the end | ||||
| ofthe reporting | period | 871,597 | 1,187,361 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 5 | ||||||||
| Net expenditure | for | the | reporting | period (as per the Statement | ||||
| of Financial Activities) | (417,351) | (1,874,000 ) | ||||||
| Adjustments for: |
||||||||
| Decrease/(increase) | in debtors | 103,875 | (122,907) | |||||
| Decrease | in creditors | (2,288) | (6,415) | |||||
| Net cash | used in | operations | (315,764) | (2,003,322 ) | ||||
| ANALYSIS | OF CHANGES | IN NET FUNDS | ||||||
| At 1.1.22 | Cash flow | At 31.12.22 | ||||||
| Net cash | ||||||||
| Cash at bank | 1,187,361 | (315,764) | 871,597 | |||||
| 1,187,361 | (315,764) | 871,597 | ||||||
| Total | 1,'l87, 361 | (315,764) | 871,597 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| $ | ||||||
| Donations | 3,230,982 | 5,352,362 | ||||
| Gift aid | 29,378 | 130,000 | ||||
| 3,260,360 | 5,482,362 | |||||
| 4.CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | ||||||
| funding | of | |||||
| activities | Support | |||||
| (see | costs (see | |||||
| note 5) | note 6) | Totals | ||||
| $ | $ | |||||
| Sustainable | 1,621,271 | 67,400 | 1,688,671 | |||
| Livelihoods | Disaster | 850,000 | 351,584 | 1,201,584 | ||
| Relief Advocacy 8 Capacity Healthcare |
205,740 165,252 |
28,471 356,387 |
234,211 521,639 |
|||
| 2,842,263 | 803,842 | 3,646,105 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Sustainable | 1,621,271 | 869,657 | ||
| Livelihoods | Disaster | 850,000 | 1,253,850 | |
| Relief Advocacy | 8 | 205,740 | 226,702 | |
| Capacity Healthcare | 165,252 | 3,659,358 | ||
| 2,842,263 | 6,009,567 |
| ORT COST | S | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| $ | $ | $ | $ | |||
| Sustainable | 66,423 | 528 | 449 | 67,400 | ||
| Livelihoods | Disaster | 345,370 | 3,360 | 2,854 | 351,584 | |
| Relief Advocacy | 8 | 27,593 | 475 | 403 | 28,471 | |
| Capacity Healthcare | 350,175 | 3,360 | 2,852 | 356,387 | ||
| 789,561 | 7,723 | 6,558 | 803,842 |
| 2022 | 2021 | ||
|---|---|---|---|
| $ | |||
| Auditors' | remuneration | 6,558 | 11,792 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| $ | $ | |||
| Wages | and | salaries | 651,456 | 1,179,013 |
| 651,456 | 1,179,013 |
| 9.STAFF COSTS - continued | for the y | ear ended 31 Dece |
ear ended 31 Dece |
mber 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| The average monthly |
number | ofemployees | during the year was | as | ||||
| follows: | ||||||||
| 2022 | 2021 | |||||||
| 4 | 4 | |||||||
| UK Charitable activities |
4 | 4 | ||||||
| Recharged Charitable |
Activities | |||||||
| The number ofemployees | whose employee | benefits | (excluding | employer pension |
costs) exceeded S60,000 was: | |||
| 2022 | 2021 | |||||||
| $90,001 - $100,000 | 1 | 1 | ||||||
| 10.COMPARATIVES FOR THE |
STATEMENT OF FINANCIAL ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | ||||||
| fund | funds | funds | ||||||
| S | ||||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
1,431,623 | 4,050,739 | 5,482,362 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Sustainable Livelihoods |
759,737 | 333,884 | 1,093,621 | |||||
| Disaster Relief | 80,582 | 1,461,096 | 1,541,678 | |||||
| Advocacy 8 Capacity Healthcare |
314,870 229,662 |
4,163,097 | 314,870 4,392,759 |
|||||
| Other | 13,434 | 13,434 | ||||||
| Total | 1,398,285 | 5,958,077 | 7,356,362 | |||||
| NET INCOME/(EXPENDITURE) | 33,338 | (1,907,338) | (1,874,000) | |||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds brought forward |
430,451 | 2,743,444 | 3,173,895 | |||||
| TOTAL FUNDS CARRIED FORWARD | 463,789 | 836,106 | 1,299,895 |
| for the year ended 31 Dec |
for the year ended 31 Dec |
for the year ended 31 Dec |
for the year ended 31 Dec |
ember 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| 11.DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||
| 2022 | 2021 | |||||||
| S | ||||||||
| Other debtors | 26,125 | 130,000 | ||||||
| 12.CREDITORS: AMOUNTS | FALLING DUE | WITHIN ONE YEAR | ||||||
| 2022 | 2021 | |||||||
| S | ||||||||
| Trade creditors |
97 | |||||||
| Other creditors |
913 | 1,568 | ||||||
| Accrued | 14,168 | 15,898 | ||||||
| expenses | ||||||||
| 15,178 | 17,466 | |||||||
| 13.MOVEMENT IN FUNDS |
||||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.22 | in funds | 31.12.22 | ||||||
| $ | ||||||||
| Unrestricted funds |
||||||||
| General fund |
463,789 | (178,934) | 284,855 | |||||
| Restricted funds | ||||||||
| The ELMA Foundation The END Fund Gender Justice Fund Rockerfeller Foundation |
VAN | 657,243 178,863 |
(657,243) (178,863) 2,359 |
2,359 | ||||
| 595,330 | 595,330 | |||||||
| 836,106 | (238,417) | 597,689 | ||||||
| TOTAL FUNDS | ||||||||
| 1,299,895 | (417,351) | 882,544 | ||||||
| Net movement | in | funds, | included | in the above are as | ||||
| follows: | ||||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| General fund | 499,406 | (678,340) | (178,934) | |||||
| Restricted funds |
||||||||
| The ELMA Foundation The END Fund Gender Justice Fund Rockerfeller Foundation |
VAN | 2,000,000 141,238 24,386 |
(2,657,243 ) (320,101) (22,027) |
(657,243) (178,863) 2,359 |
||||
| 595,330 | 595,330 | |||||||
| 2,760,954 | (2,999,371 ) | (238,417) | ||||||
| TOTAL FUNDS | ||||||||
| 3,260,360 | (3,677,711) | (417,351) |
| Comparatives funds |
for movement | in | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1,1.21 | in funds | 31.12.21 | ||||
| Unrestricted | funds | 430,451 | 33,338 | 463,789 | ||
| General fund |
||||||
| Restricted funds The ELMA Foundation The END Fund |
2,243,444 500,000 |
(1,586,201) (321,137) |
657,243 178,863 |
|||
| 2,743,444 | (1,907,338) | 836,106 | ||||
| TOTAL FUNDS | 3,173,895 | (1,874,000) | 1,299,895 | |||
| Comparative | net movement | in funds, | included | in the above are as follows: | ||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| $ | ||||||
| Unrestricted | funds | |||||
| General fund |
1,431,623 | (1,398,285) | 33,338 | |||
| Restricted funds |
||||||
| The ELMA Foundation The END Fund |
3,946,874 103,865 |
(5,533,075) (425,002) |
(1,586,201) (321,137) |
|||
| 4,050,739 | (5,958,077) | (1,907,338) | ||||
| Total Funds | ||||||
| 5,482,362 | (7,356,362) | (1,874,000) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| S | |||||
| INCOME AND | ENDOWMENTS | ||||
| Donations and |
legacies | ||||
| Donations Gift aid |
3,230,982 29,378 |
5,352,362 130,000 |
|||
| 3,260,360 | 5,482,362 | ||||
| Total incoming | resources | 3,260,360 | 5,482,362 | ||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Grants to institutions | 2,842,263 | 6,009,567 | |||
| Other | |||||
| Foreign exchange | Gain / Loss | 3'i,606 | 13,434 | ||
| Support costs | |||||
| Management | |||||
| Wages | 651,456 | 1,179,013 | |||
| Office | 56,986 | 70,5?1 | |||
| expenses Consultancy Legal fees Accounting |
29,625 13,870 37,624 |
43,270 4,568 14,357 |
|||
| 789,561 | 1,311,779 | ||||
| Finance | |||||
| Bank charges | 7,723 | 9,790 | |||
| Governance | costs | ||||
| Auditors' remuneration |
6,558 | 11,792 | |||
| Total resources | expended | 3,677,711 | 7,356,362 | ||
| Net expenditure | {417,351) | {1,874,000) |