)CAID
A Crown Agents Ragistered Charity
CROWN AGENTS
INTERNATIONAL DEVELOPMENT
ANNUAL REPORT &
FINANCIAL STATEMENTS,
FOR THE YEAR ENDED 30 JUNE 2022
Company Registration Number: 12599517
Charity Number: 1192249

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Staternents for the year ended 30 lune 2022
Contents
Page
Report of the Trustees
Administrative details
Chair's Statement
Our Purpose and Attivities
Statement of Trustees, responsibilities
Independent Auditor's Report
Statement of Financial Activities
io
Balance Sheet
li
Notes to the accounts
12

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Report of the trustees for the year ended 30 June 2022
Administrative details
Trustees of Crown Agents International Development
Mary Reilly
Jennifer Borden OBE
Fergus Drake OBE
lan Malcomson
Registered Office
Blue Fin Building
110 Southwark Street
London
SEI OSU
Registered Number
12599517
Charity Number
1192249
Bankers
Citibank N.A.
22-56 CGC
Canary Wharf
London
E14 5LB
External auditors
Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
Legal advisors
Stone King LLP
Upper Borough Court
Bath
BAI IRG

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Chairfs Statement
Crown Agents International Development I'CAID'I is a registered charity with a vision to relieve poverty,
distress and suffering of people in any part of the world. We are part of the Crown Agent5 group of
companies (the 'Group'l, sharing a common public benefit purpose and with the generous support of our
sole member, Crown Agents Limited, CAID has access to group resources which provide CAID with a level
of expertise, experience and financial buying powerthat ha5 enabled CAID to deliver high impact and value
for money in it'5 first year of operations, in the year ended 30 lune 2022. CAID'S year began with a focus
on respondinE to the Covid-19 pandemic, notably procuring and delivering oxygen concentrators for
Southern and Eastern African countries. Our Covid-19 response continues, including delivery of PPE to
countries in need of these vital supplies.
From February 2022 CAID launched an emergency response following the Russian invasion of Ukraine.
Like many, we were appalled by the unprovoked invasion of Ukraine. As a Group, Crown Agents has a 25-
year history supporting the people of Ukraine, beginning in 1997 with bilateral development a551Stance
working with the japanese Government, and since 2015 working directly with the Ukraine Ministry of
Health. With this unique experience, in-country network and dedicated Ukrainian team. the Group quickly
moved to an emergency response footing, sUPPOrting the government and people of Ukraine with
emergenty health equipment.
CAID'S part of this response involved reaching out to donors and charities who wanted to help, but who
lacked the network Crown Agents has established in Ukraine, including a deep and enduring relationship
with the Ukrainian government ministries responding to the crisis. With a team based in Ukraine we
combined first hand knowledge of the context with an ongoing needs assessment based on daily
communication with Ukrainian officia15 and civil society groups. Knowing what was needed, we worked
with donors and charities to fund these needs.
CAID has now procured and delivered over 67,000 trauma kits by 30 lune 2022, as well as special needs
kits, oyygen concentrators and incubators for premature babies. CAID has supported civil Society
organisations, including assisting those dealing with the trauma of war and 8ender based violence
perpetrated by the invader5.
CAID and its partners feel privileged to have been able to respond to the crisis in Ukraine. We are
committed to supporting the people of Ukraine. providing essential goods and services, rebuilding
infrastructure and supporting government and civil society organisations through these most challenging
of times.
Chair

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Arinual Report and Financial Statements for the year ended 30 lune 2022
Trustees, Report
The trustees (who are also the Directors of the Charitable Company for the purposes of company lawl are
pleased to present their annual trustees, report together with the financial statements of the Charity for
the year ended 30 lune 2022 which are a150 prepared to meet the requirements for a directors, report and
accounts for Companies Act purposes.
The financial statement5 comply with the Charities Act 2011, the Companies Act 2CX)6, the Memorandum
and Articles of Association, and the Charitie5 Statement of Recommended Practice I'charities SORP")
(applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland,. FRS 1021 issued in October 2019.
Our Purpose and activities
Our vlslon
To relieve poverty, distress and suffering of people in any part of the world by tangibly transforming their
lives for the better.
Our mission
We will achieve this by transforming the people'5 lives through supply chain activity. climate-positive
capacity and resilience building, focusing on the most vulnerable populations where the world's greatest
needs and greatest challenges converge.
Ourcharltable objects and public benefrt
Trustees have a duty to develop plans which further their organisation's charitable objects and provide
public benefit. The Trustees have given due consideration to the Charity Commi$5ion's published guidance
on the Public Benefit requirement under the Charities Act 2011 when reviewing the charity's aims and
objectives and planning future activities. The Trustees have considered how these attivities will achieve
CAID'S charitable aims and objectives, which are..
To promote sustainable development with a view to relieving poverty. including
the improvement of the quality of life for communities facing poverty or social
disadvantage:
the promotion of sustainable means of achieving economic growth and regeneration., and
the advancement of education and training for the public benefit.
The advancement of health, including the prevention or relief of sickness amongst underprivileged
communities in any part of the world.
For CAID. "sustainable development" means development which meets the needs of the present without
compromising the ability of future generations to meet their own needs.
Structure, Governance and Management
CAID is a company limited by guarantee, incorporated in England and Wales on 13 May 2021 INO.
125995171, and a registered charity in England and Wales (No. 11922491. As a charitable company, CAID'S

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
governing document, its Articles of Association (revised 7 November 20211, provides that its immediate
parent, Crown Agent5 Limited is the Charitfs sole Member. and limits member liability to £1. The Articles
of Association set out CAID'S charitable objects and matters relating to the running of the tharity's internal
affairs. Under charity law the Trustees have the legal dutie5 and responsibilities of charity trustees and
under company law, the legal duties and responsibilities of company directors.
The Charity's Member appoints Trustees by resolution pa55ed according to its ordinary practices. The first,
and current. Trustees shall be appointed for such terms as are considered appropriate. Subsequent
Trustees shall be appointed for initial term5 of three years. Trustees may be re-appointed for consecutive
periods not exceeding in aggregate nine years from the date of his or her original appointment. Trustees
are appointed with regard to the skills, knowledge and experience needed for effective administration of
the Charity. Trustees are not remunerated by the charity and the Charity has no employees15ee note 8 to
the account51.
The CharIt￿S sole member is Crown Agents Limited I'CAL'I incorporated as a company limited by shares
and incorporated in the United Kingdom. registratiori number 03259922. CAL is an international
development organi5ation that combines expertise in consultancy and supply chain management to
transform the future for men, women and children around the world. The Charity is part of the wider Crown
Agents Group of companies I'Group'l. which is a not-for-profit organisation controlled by the Crown Agents
Foundation ICAFI. The purpose and activities of the Charity are substantially aligned with the social good
mission and purpose of the wider Crown Agents Group of companies. The Charity has a shared resource
agreement with Crown Agents Limited, which provides the Charity with access to resources, including
experienced and expert personnel, office space and IT facilities. Two trustees are also Crown Agents
Limited directors.
The Group shares a public benefit purpose with the Charity which is benefitial to the Charity's èbility to
deliver its object5. To ensure the arrangements with the Group continue to be in the best interests of the
Charity, the shared resource5 agreement is reviewed annually and its use of the Group's technical expert15e
is evaluated on the basis of suitability, value for money and impact. Any matters relating to the
engagement of the Group's services are decided upon by the independent trustees to avoid conflict of
interest.
Key 8overnance decisions are reserved for the trustees, such as setting and approving policie5. approval of
grants. utili5ation of reserves, establishment of branches. subsidiaries and representative offices, trade-
marks, approval of financial statements, selettion of professional advisors. and use of affiliated companies
to deliver services. Where a potential conflict is identified, for example between the interests of the charity
and an affiliated company, decisions will be made by the independent trustees who are unaffected by the
potential conflict. Within the parameters set by the trustees. operational decisions are delegated to Group
personnel performing the charitable work, including delivery of programmes and reporting to donors.
Grant maklng poll¢y
CAID has been established primarily to secure and deliver grants, rather than to provide grants to other
charities and organisations. However, CAID does provide a limited number of grants to organisation5 that
are able to further the objects of CAID more effectively than CAID can itself. When a55e5sing grant
applications, the trustees of CAID assess whether the grant application sit5 Wlthin the Charity's objects.
The trustees consider whetherthe Charity, its affiliates or established partner5 has the necessary resources,
skills and experience to oversee the grant and ensure a high probability of achieving the grant's sutcess
criteria and deliver value for monev.

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 lune 2022
Fundraising attivltles
Fundraising activities are carried out primarily by Crown Agents Group personnel utilising the Charity's
shared resource agreement with Crown Agents Limited. The team responsible for raising funds focus on
charities, philanthropist5. and corporate and family foundations with mature philanthropic and grant giving
SV5tem5 in place. The Charity does not actively target members of the public, although due to the Charity's
ability to deliver at speed and scale in Ukraine, the Charity has set up a JustGiving Ukraine Appeal page that
is open to the general public: htt
www.
ust
.corn
cam
crowna
entsukraine
JustGiving is well established and extensively used platform that subscribes to the Fundraising Regulator
and thus adheres to the Code of Fundraising Practice and GDPR prattices. Using such a platform gives CAID
comfort that vulnerable people and other members of the public are protected.
In raising funds. the Charity has not engaged professional fund-raiser5 or commercial participators. No
person acting on behalf of the charity was subject to an undertaking to be bound by any voluntary scheme
for regulating fund-raising, or any voluntary standard of fund-raising, in respect of activities on behalf of
the charity. During the year ended 30 JLtne 2022 there have been no formal complaints regarding CAID'S
fundraising activity.
Overview of Performance
During the year ended 30 lune 2022. the operational sutcess criteria of the Charity was predominantly
delivery of goods iri response to the crisis in Ukraine. By 30 lune 2022, the Charity had delivered 67.236
individual first aid kits. 9,100 thermal blankets, 200 oxygen concentrators, 96 generators and 1,219 other
emergency commodities. Subsequent to year end a further 13,869 individual first aid kits ènd 77
generators were delivered. Delivery has been evidenced by goods receipt notes, photographic evidence,
and the Charity has also received letters of thanks from beneficiaries. Additional services provided included
the inspection and movement of the items noted above, rehabilitation of health facilities, and awarding of
grants totalling £192,000 to Ukrainian Civil Society Organisations responding to the crisis in Ukraine,
including through the provision of psycho-social support for those suffering from the trauma of war and
gender-based violence.
The Charity received grants and donations totalling £8.8m in the year ending 30 June 2022. £8.5m of this
was received following the Russian invasion of Ukraine on 24 February 2022. Despite the short lead time,
£8.Im or 95% of this had been spent on charitable activities by 30 lune 2022 primarily on the items listed
above. A further £1.5m worth of commodities was delivered subsequent to the year end. Our financial
statements evidence a speed of response only made possible by working together with the Crown Agents
Group and its network of partners, which allowed the Charity to meet its success criteria at speed.
£8.1rn or 93% of the Charity's income wa5 generated through grant income, with the remainin8 £0.7m or
7% received as restricted donations in support of our Ukraine response. Grant income has been secured
primarily from charities, philanthropists, and corporate and family foundation5.
CAID had £1.4m in cash at 30 lune 2022. £1.Orn of thiswas restricted, to be spent on delivering the Charitws
response to the Ukraine and Covid-19 crises.

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Future plans
CAID will continue to respond to the crisis in Ukraine. With temperatures set to fall as low as-20"C, Ukraine
is bracing itself for a harsh winter. Civilian infrastructure has been severely impaired by Russia, with energv.
municipal heating and water infrastructure cynically targeted. Mass movements of people, both in and
out of cities and towns, as people seek temporary shelter and warmth means that there is huge demand
for the provision of heating and running water. CAID is already responding to this demand. and with
funding, can do even more to ensure Ukrainian citizens have access to generators and fuel, shelter, blankets
and food. By partnering with civil Society organisations we can ensure civilians, women and children are
provided for safely and securely.
An estimated 15.7 million Ukrainians need humanitarian assistance, including 7.1 million internally
displaced persons IIDPSI. Recent Government estimates identify over 950,000 of these IDPS are living in
public buildings or other temporary accommodation. The New York Times estimates that over 140,000
residential buildings have beeri destroyed. CAID has launched an appeal and has already received a number
of grants that will enable it to deliver vital assistance. but there is so much more that needs to be done.
In the year ahead, CAID will seek to deepen and develop relationships with donors and philanthropists that
we have engaged with, and will be looking to explore relationships with a diverse range of philanthropists,
foundations and corporate partners to tackle some of the world's most pressing challenges. including..
Enabling equitable access to healthcare in a pandemic
Emergency response to disasters
Providing solar energy to the health sector in developing countries through our Solar4Health
initiative
Addressing Sexual and Gender Based Violence
Providing Education in Emergencies
Strengthening Global Health Systems
The Charity will continue to develop its capacity and experience in fundraising, focussing in particular on
philanthropic and private sector opportunities. As the Charity's operations and activities develop, it will
continue to assess the appropriate level of reserve5 to hold and put in place plans to build those as
necessary.
Reserves Policy
Reserves are needed to bridge the gap between the spending and receiving of income and to cover
unplanned emergency costs and other un-forecast scenarios the Charity may face.
The appropriate level of reserves will continue to be reviewed by the trustees as the Charity continues to
grow. The annual operating c05t5 of the Charity, excluijing grant delivery, are estimated to be £0.2m to
£0.3m. In the Charittys first year of operations it has expended £8.4m on it's attivitie5, the vast majoritv
spent on goods. Our experience responding to the crisi5 in Ukraine dernon5trates the power of having
£0.3m to £O.Sm available in reserve to prime activities, sometimes ahead of funds arriving from grantors.
The trustees have therefore 355essed that the appropriate reseryes for CAID at the present time are £0.5m
to £0.8m.
The reserves policy is also informed by assessing the Charity's operating model and the main risks to the
Charity. The Charity will calculate the reserves as that part of unrestricted funds that are freely available
after taking account of designated funds that have been earmarked for specific investment in

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
organisational improvements such as new way5 of working digitally and environmentally consciously,
research and other strategic projects.
At the year end the Charity had unrestricted reserves of £0.3m, setLFred through indirect C05t recovery on
grant income less non-grant cost5 incurred during the year. Restricted funds were fully utilised during the
year and there were no designation5 of unrestricted funds. Subsequent to year end the Charity has
generated a further surplus, increasing reserves above the £0.5m target. The trustee5 will continue to
monitor the level of re5erve5, and in the year ahead will target increasing the level of reserves to the upper
end of our target reserves, or £0.8m.
Principal risks and uncertainties
CAID recognise5 that its long-term stability depends upon the delivery of its Strategic objectives and its
relationships with its clients, donors, affiliatesand strategic partners. We believe in the value of effettively
managing risk.. it informs business decisions,. enables a more effective use of precious resources,. enhances
strategic and operationalplanning- and strengthens contingency planning.
None of this is possible without a 5UPPOrtive risk culture. A positive risk culture, one which encourages
openness and discusses realissues in a realistic manner, 15 absolutely essential to the effective management
of risk. Everyone, from the trustees Ilown, has a clear role to play in establishing and maintaining that risk
tulture.
The Charity seeks to alleviate suffering in complex environments and therefore ha5 an "open appetite" for
operational risks, whi15t a150 taking steps to safeguard the assets and reputations of the Charity, its donors,
partners and affiliates. This means the trustees are prepared to consider all éelivery options and select
those with the highest probability of productive outcomes, even when there are elevated levels of
associated risks, where such risks are deemed controllable.
Our risk management strategy is linked to our strategy. This helps CAID trustees ensure our arrangements
for managing risk are structured and comprehensive. The identification, management and reporting of the
risks to delivering our strategy are carried out via..
Quarterly meetings of the Board of Trustees
Joint Audit and Risk Assurance Committee Iwith the Group)
Professional and global Internal Audit provided by R5M UK Risk Assurance Services LLP
Our approache5 and management of risk are continually refreshed and improved. By doing so. we will be
well placed to innovate and deliver better results for our donors while protecting personnel who are at the
front line of delivering these services.
CAID monitors ri5k5 under 10 main headings, including an assessment of the residual risk exposure relative
to the Group's risk appetite:
Cashflowlliquidity
The Charity faces a liquidity risk if it has insufficient available cash to meet its obligations a5 they fall due.
The Charity 15 primarily funded in advance through grants and donations. The Charity does not commence
work without securing funds in place first, unless there are exceptional circumstances and the advance
funding is within the available resources of the Charity to deliver. Any advance funding of programme
activity must be approved by a trustee.

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year eniled 30 June 2022
Flduclary Management
The Charity defines fiduciary management risk as the risk that donor or grant funds are mishandled due to
fraud, leakage or Ljse of a proscribed organisation. The Charity has in place a range of mitigation measures
such as ensuring due diligence is completed before any contract award is granted, regular financial reviews
and spot checks. We follow an established delegation of authority schedule and have strict segregation of
duty policies which greatly reduce fiduciary management risk. Our projerts and funds are subject to a
range of audits, including those commissioned by the Audit and Risk Assurance Committee and delivered
by RSM UK Risk Assurance Services LLP.
Fraud
CAID defines this as the risk that the Charity is unable to prevent and manage fraud in its operations.
Fraudsters are known to target charities and this presents the Charity with significant anti-fraLJd, bribery
and corruption challenges. To counter these risks, the Charity has access to the Group's CounteT-Fraud
Committee and Global Ethical and Compliance System. together with its established financial controls and
procedures.
livl
staff Safety and Security
Although the Charity doe5 not employ staff directly, it does engage human resources through a shared
resource agreement with Crown Agents Limited. There is a risk that such staff are in physical danger or
that their well-being is detrimentally affected leading to loss of life, loss of productivity or employability.
Crown Agents, immediate priority to the crisis in Ukraine was the safety of personnel. Crown Agents. crisis
team was meeting twice a day, sharing intelligence, providing financial and logistical resources, to enable
personnel to move to places of relative safety wherever practicable.
All Crown Agents personnel have access to Security training. Any travelling staff must complete, and have
reviewed, a Security & Health Risk Form before any travel 15 approved. The purpose of this form is to ensure
that security risks at travel destinations rated 'Medium" risk or above are assessed by the traveller and
designated managers and that appropriate mitl8ètion measures are put in place. Covid-19 risk has been
incorporated into the form and risk assessment. All projects are required to have tested and shared
security plans in place and compliance is checked at least monthly.
In addition to all staff going through a Health and Safety induction when theyjoin Crown Agents, the Group
also maintains extensive Health and Safety Standard Operating Procedures, which are available through a
Policy Portal to all staff. Our procedures inclLJde advice on general office safey, first aid. fire. use of personal
protective equipment, working from height, homeworking. new and expectant mothers, motor vehicles
and more.
All Health and Safety incidents are reported to the Health. Safey and Security Committee and Teviewed for
lessons learned. During the pandemic, we have also highlighted guidance and enforced working alone
protocols, to keep our personnel safe.
Safeguarding
Continuous improvement of our safeguarding culture is a priority for the Group's Board and Executive
Team, the Charitvs Board of Trustees. and the whole organisation. The Charity defines safeguarding to be
'a responsibility to take all possible steps to prevent harm from potential, actual or attempted abuse of
power. authority, trust or vulnerability, especially in relation to sexual exploitation and abuse,. However.
safeguarding issues can a150 mean.. bullying, harassment, discrimination. personal attacks, physical or
verbal abuse. Measures h3ve been taken to mitigate safeguarding risk.

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
The Group's Safeguarding Committee, which covers the operations of CAID, has wide organi5ational
representation. with leaders drawn from the Group's HR, the Business Integrity Unit, the Executive Team,
projects and international offices to drive forward our work in this area, and is chaired by an independent
Crown Agents non-executive director. The Group ha5 a proces5 of continuous improvement for all related
Human Resource and compliance-based policies. Safeguarding is tr3cked at weekly Executive Team
meetings, monthly Crown Agents Board meetings and quarterly CAID Board of Trustees meetings and
incorporated as a risk to be assessed in relevant internal audit a55ignments.
The Group understands that compliance-based solutions are not enough to ensure the safeBuardin8 risk is
fully addressed. The Group encourages a 'speak up culture" for our staff and stakeholders. For Crown
Agents, a speak up culture means creating an environment to enable difficult conversations, encouraging
dialogue both openly or in confidence and raising issues and concerns to senior members of staff. There
exist numerou5 ways in which safeguarding concerns can be raised. This includes a multi-platform whistle-
blowing mechanism, direct contact with the Group's Business Integrity Unit and Human Resources and in-
country safeguarding focal-point systems.
{vil
Policies and Procedures (Compliance)
This is the risk that controls in place are not adequate enough to mitigate risks and/or that compliance with
these controls is lacking. The trustee5 have reviewed and approved a full suite of policies and procedures,
adopting Group policies where appropriate. and preparing CAID specific policies where required. such as
donation acceptance and reserves policies.
Business Inte8rity training is available to all Group staff regularly and non-compliance with policies and
procedures are addressed promptly.
Reputation (donors. medla and supporters)
CAID defines this as the risk that poor service delivery results in a loss of stakeholder confidence and trust
in the brand and our ability to win new funding. CAID values its reputation, it5 brand, and the trust that it
comm3nds. and we believe thèt the quality of our delivery is the most effective way of maintaining this.
Iviiil Fundraising
Thi5 IS the risk that fundraising income generation potential 15 inadequate to achieve our desired impact
and strategic objectives. Fundraising activitie5 are carried out primarily by Crown Agent5 Group personnel
utilising the Charity'5 shared resource agreement with Crown Agents Limited. The team responsible for
raising funds focus on charities. philanthropists, and corporate and family foundations with mature
philanthropic and grant giving systems in place. The Charity seeks to deepen existing donor relationships
and secure new partnerships and grants. including multi-year awards, which will enable the Charity to plan
and (Jeliver long-term high-impact programmes that will benefit communities in sustainable and lasting
ways.
Ilxl
Governance
This is the risk that CAID is not compliant with regulations everywhere that it operates. In England and
Wales, the Charity is regulated by the Charities Commission. The Charitv Is exposed to the economic,
political and business risks associated with international operations. Political risk can include sudden
changes in regulations, imposition of trade barriers and wage controls, nationalisation of eommerci81 and
social enterprises, limits on the export of currency and volatility of prices, taxes arid currencies. The
trustees monitor such risks and have procedures in place to mitigate any exposure.

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 lune 2022
Ixl
This is the risk that the Charity's activities negatively impatt the environment or climate. or the Charitvs
exposure to environamental and climate change reputational, market. biophysical and compliance risk.
The Charity is pursuing grant funding to deliver solar energy solutions for health facilities and will be
incorporating climate and environmental risk factors when preparing due diligence into donors and
suppliers before engaging with them.
Environment
Trusteeg Indemnities
As permitted by the Articles of Association, the Trustees have the benefit of an indemnity which 15
qualifying third-party indemnity provision as defined by Section 234 of the Companies Act 2006. The
indemnity was in forte throughout the last financial period and is currently in force. The Charity also
maintained throughout the financial period Trustees, and Officers. liability insurance in respect of itself and
its Trustees.
Going Concern
The Charity has performed strongly in its first full year of operations, generating reserves of £0.3m and cash
of £1.4m. Management have prepared cash flow forecasts, includin8 Stress tested scenarios and
consiilered the key risks facing the Charity. Thi5 analy515 demonstrated that CAID has sufficient cash to
meet known liabilities and commitments for the next 12 month5 and beyond. After considering these
factors. the trustees have concluded that the charity has a reasonable expectation that there are adequate
resources to continue in operational existence for the foreseeable future and have continued to prepare
the financial statements on the going concern basis.
io

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 lune 2022
ststement of trustees, responsibilities in respect of the financial statements
The Trustees (who are also directors of CAID for the purposes of company lawl are responsible for preparing
the Trustees, Annual Report and the financial statements in 3ccordance with applicable law and United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). Company law
requires the trustees to prepare financial statements for each financial year. Under that law the trustees
have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice Iunited Kingdom Accounting Standards. comprising FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland" and applicable lawl. Under company law the trustees must
not approve the financial statements unle55 they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and of the income and expenditure of the charitable company
for that period. In preparing the financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP-
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it 15 inappropriate to presume
that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's tr3nsaction5 and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companie5 Act 2006 and provisions of the chèrity's constitution.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irreBularities.
Dls¢losure of Information to Auditors
Insofar as each of the trustees of the charity at the date of approval of this report is aware there is no
relevant audit information (information needed by the charitvs auditor in tonnection with preparing the
audit report) of which the charity's auditor is unaw3re. Each tTUStee has taken all of the steps that helshe
should have taken as a trustee in order to make himself/herself aware of any relevant audit information
and to establish that the charity's auditor is aware of that information.
The Trustees have taken advantage of the exemption from an obligation to prepare a strategic report,
available under the small company regime.
Approved by the Board of Trustees on 15 February 2023 and signed on behalf of the Board on 16 February
2023 by..
lan Ma5comson
Trustee
li

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Independent Auditorfs Report to the Members of Crown Agent5 International
Development
Oplnlon
We have audited the financial statements of Crown Agents International Development I'the charitable
company'l for the year ended 30 lune 2022 which comprise the Statement of Financial Activities, Balance
Sheet and note5 to the financial statements, including significant accounting policie5. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK an(1 Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel.
In our opinion the financial statements-
give a true and fair view of the state of the charitable companws affairs as at 30 June 2022 and of its
income and expenditure, for the year then ended-
have been properly prepared in accordance with United KinEdom Generally Accepted Accounting
Practice,. and
have been prepareij in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other
ethical responsibilitie5 in accordance with these requirement5. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
event5 or conditions that, individually or collectively, may Cast significant doubt on the charitable
company's ability to continue as a going concern for a period of at least twelve months from when the
financial statements are aLrthorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other information
The trustees are responsible for the other information contained within the annual report. The other
information comprises the information included in the annual report, other than the financial statements
and our auditor's report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon.
12

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Other information Icontlnued)
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misstatement in the financial Statements themselves. If, based on the work we have performed. we
conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in thi5 regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the trustee5' report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements- and
the directors, report included within the trustees, report have been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the charitable company and their environment obtained
in the course of the audit, we have not identified material misstatements in the direttors, report included
within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion..
adequate and proper accounting records have not been kept,. or
the financial statements are not in agreement with the accounting record5 and returns,. or
certain disclosures of trustees, remuneration specified by law are not made: or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the finantial statements in accordance with the sm811
companies regime and take advantage of the small companie5, exemptions in preparing the tru5tees'
directors, report and from the requirement to prepare a strategic report.
Responsibilltles of trustees
As explained more fully in the trustees, responsibilities statement set out on page 11, the trustee5 (who
are also the directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessèry to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable companvs
ability to continue as a going concern, disclosing, as applicable. matters related to going concern and
using the going concern basis of accounting unle55 the trustees either intend to liquidate the charitable
company or to cease operations, or have no realistic alternative but to do so.
13

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Auditorfs responsibilities for the audlt of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as 3 whole are
free from materi35 misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statemerits.
Details of the extent to which the audit was consiilered capable of detecting irregularities. including fraud
and non-compliance with laws and regulations are set out below.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. www.frc.or
auditorsres
onsibilitie5. This description forms
part of our auditorfs report.
Extent to which the audit was consldered capable of detecting irregularities, includlng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified
and assessed the risks of material misstatement of the financial statements from irregu5arities, whether
due to fraud or error, and discussed these between our audit team members. We then designed and
performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and
appropriate to provide a basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable
company operates. focusing on those laws and regulations that have a direct effect on the determination
of material amounts and disclosures in the financial Statements. The laws and regulations we considered
in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP
IFRS 1021. We assessed the required compliance with these laws and regulations as part of our audit
procedures on the related financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which might be fundamental to the charitable coMpan￿S ability
to operate or to avoid a material penalty. We also considered the opportunities and incentives that may
exist within the charitable company for fraLSd.
Auditing standards limit the required audit procedure5 to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the financial statements from irregularitie5,
including fraud, to be within the timing of the recognition of voluntary and grant income and override of
controls by management. Our audit procedures to respond to these risks included enquiries of
management and the Board about their own identification and assessment of the risks of irregularities,
sample testing on the posting of journals. reviewing accounting estimates for biases, reviewing regulatory
correspondence with the Charity Commission and reading minute5 of meetings of those charged with
governance.
14

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Ststements for the year ended 30 June 2022
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected
some material m155tatements in the financial staternents, even though we have properly planned and
performed our audit in accordance with auditing standards. For example, the further removed non-
compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the
financial statements, the less likely the inherently limited procedures required by auditing standards
would identify it. In addition, as with any audit, there remained a higher risk of non-detection of
irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal controls. We are not responsible for preventing non-compliance and cannot be
expected to detect non-compliance with all laws and regulations.
Use of our report
This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3
of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we might state to the
charitable tompan¢s members those matters we are required to state to them in an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company'5 members as a body, for our
audit work, for this report, or for the opinions we have formed.
Naziar Hashemi
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
London
16 February 2023
15

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
STATEMENT OF FINANCIAL AcfiviTIES {includin8 income and expenditure account)
For the year ended 30 June 2022
Unrestricted
Restricted Total Funds
Funds Funds 2022
2022
2022
£'oDo
Total Funds
2021
Note
£'ooo
£'ooo
£'ooo
Income
Donations
Income from charitable activities
Total Income
42
8.114
8.760
8.114
8,802
42
Expenditure
Expenditure on raising funds
Expenditure on charitable
activities
Total Expenditure
{120)
11201
{8A271
iii
18.4271
11201
18,4271
{8,5471
iii
Transfers between funds
Net movement in funds
333
255
{3331
255
Reconciliation of funds
Total funds brought forward
Total funds carried fon¥ard
260
260
The statement of financial activities includes all gains and losses for the period. All income and
expenditure derive from continuing activities.
16

CROWN AGENT5 INTERNATIONAL DEVELOPMENT
Annual fteport and Financial Statements for the year ended 30 June 2022
BALANCE SHE￿ at 30June 2022
Note
2022
£'ooo
2021
£'ooo
Current assets
Debtors and accrued income
Cash at bank
Total Current Assets
1,570
1,447
3.017
Llabilities
Creditors.. amounts falling due within one year
Net turrent assets
2,757
260
Total assets less current Ilabllltles
260
Funds
Unrestricted funds
Restricted funds
Total fund5
260
260
The notes on pages 19 to 26 form part of these financial statements.
The accounts have been prepared in accordance with the special provisions applicable to companies
subject to the small companies, regime.
The financial statements of Crown Agents International Development. registered number 12599517, were
approved by the Board of Trustees on 15 February 2023 and signed on its behalf on 16 February 2023 by..
lan Malcomson
Trustee
17

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
CASH FLOW STATEMENT at 30 June 2022
Notes
Total 2022 Total 2021
£'ooo
£'ooo
Cashflowsfrom operoting activities
Net cash inflow from operating activities
li
1,441
Retums on Investments ond servicing ofllnance
Interest received
Increase In cash in the year
1.441
Cash at the start of the year
Cash at the end of the year
1,447
18

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financlal Statements for the year ended 30 June 2022
Notes to the Financial Statements for the year ended 30 June 2022
Accounting Policies
General Informatlon
CAID is a company limited by guarantee (company number 125995171 and charity registered in England &
Wales Icharity number 11922491. The 3ddres5 of it5 registered offsce is Blue Fin Building, 110 Southwark
Street, London, SEI OSU.
Summary of slgnifi¢ant accounting policies
The principal accountin8 policies applied in the preparation of these finantial statements are set out below.
These policies have been consistently applied to all the periods and years presented, unless otherwise
stated.
a) Basis of preparatlon
The financial statement5 have been prepared in accordance with the Charities.. Statement of
Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191
Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless othetwise stated in the relevant accounting policy
notelsl.
b) Golng Concern
The Charity has acce55 to financial support from the Crown Agents Limited and has sufficient liquidity to
support the operations of the Charity should cash support be required. The trustees are therefore
confident that Crown Agents International Development is a going concern. The Trustees are satlsfied that
the Charity has adequate resources and liquidity to continue with their operations for the foreseeable
future. Accordingly, they tontinue to adopt the going concern basis in preparing the financial statements
as outlined in the Statement of Trustees, Responsibilities on page 11.
cl Crltlcal judgements and estimate5 in applyln8 the a¢¢ountlng policies
The trustees believe there are no critical judgements or estimates in applying the accounting policies.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached
to the itemlsl of income have been met, it is probable (more likely than not) that the income will be
received, and the amount can be measured reliablv.
Donations
Donations are recognised in incoming resources in the year in which they are received or receivable.
Grants
Grant income received by CAID includes donor-imposed conditions which must be fulfilled before the
charity becomes entitled to Use such income. Accordingly, SLJch income is deferred and not included in
incoming resources until the preconditions for use are met.
19

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Notes to the Financlal Statements for the year ended 30 June 2022 Icontinuedl
Project specific funding- when donors specify that donations and grants are for restrirted purposes, which
do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of
restricted funds when receivable.
Donated services and facilities
Donated services or facilities are recognised zs income when the charity ha5 control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the use
by the charity of the item is probable and that economic benefit can be measured reliably. On receipt,
donated Se￿iceS and facilities are recognised since the value of the gift to the charity which is the amount
the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on
the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
Investment Income
Interest on fund5 held on deposit Is included when receivable and the amount can be measured reliably by
the charity,. this is normally upon notification of the interest paid or payable by the Bank.
e) Fund accountlng
Unrestricted funds are available to spend on activities that further any of the purposes of tharity.
Designated funds are unrestricted funds of the charity which the trustees hève decided at their discretion
to set aside to use for a specific purpose. Restricted funds are donations and grants that the donor has
specified are to be used solely for particular areas of the Charity's work.
fl Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Expenditure is classified under the following activity headings:
Costs of raising funds comprise the costs incurred in attracting donations.
Expenditure on charitable activities includes the direct Costs of delivery projects undertaken to further
the purposes of the charity and their associated support costs.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurreil.
g} Allocatlon of support costs
Support costs are those costs which do not relate directly to a single activity- These include some staff costs,
Costs of administration. internal and external audit tosts and IT support. Support costs have been
apportioned between fundraising costs and charitable activities, on the basis of the work performed lin
other words delivery of programmes or administrative functionsl, delivery costs are further allocated in
proportion to the revenue generated on activities during the year.
h) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
il Debtors
Trade and other debtor5 are recognised at the settlement amount due after any trade dI￿Ount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
20

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Notes to the Financial Statements for the year ended 30 June 2022 (continued)
j) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at their
settlement amount after allowing for any trade discounts due.
k) Flnanclal instrument5
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value, and subsequently
measured at their settlement value.
l. Donations
2022
2021
£'o
£'ooo
Donatlons
Ukraine Crisis Response
Donated services from related parties (Note 81
Other
Total
41
2. Income from Grants and Charltsble A¢ti¥ities
2022
£'ooo
2021
£'ooo
Gmnt Fundingforspecific charitable activities
Covid-19 Response
Ukraine Crisis Response
Total
306
7,808
8,114
Ukraine Crisis Response grant income includes £4.9m recognised during the period relating to an
emergency grant provided by Save the Children to secure emergency individual first aid kits.
21

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year eniled 30 lune 2022
Notes to the Financlal Statements for the year ended 30 June 2022 {continuedl
3. Expendlture
Direct
Project
Costs
2022
£'ooo
Staff Costs Governance
note 8
Costs
Allocation
of support
costs
Total
Total
2022
£'ooo
2022
£'ooo
2022
£'ooo
2022
£'ooo
2021
£'ooo
Raising Funds
Donations
Grants
Totsl cost of ralslng funds
71
41
112
76
44
120
ChorftobleArtivities
Covid-19 Response
Ukraine Crisis Response
Total cost of charitable
activities
285
7,963
291
8,136
iii
62
8,248
115
8.427
Total expenditure
8.248
191
44
8,547
The expenditure of the Charity includes the following charges for services provided by the Charitys
auditors,.
2022
£'ooo
2021
Fees payable to the Charitws auditors for the audit of the
charity's annual accounts
Total
18
18
4. Debtors
2022
£'ooo
1,570
1.570
2021
£'ooo
Prepayments
Total
22

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Notes to the Financial Statements for the year ended 30 June 2022 (tontlnuedl
5. Creditors: amounts falling due wlthln one year
2022
£'ooo
2021
£'ooo
Notes
Grants payable
Trade creditors
Amount5 due to Crown Agents Limited
Deferred income
Accruals
Total
202
li
825
1,684
2,757
Income of £1.7m was deferred at year end as it relate5 to income on performance Erants where the
performance obligations had not been satisfied at the year end date.
6. Fund Movement Analysis
Transfers
between
funds.
£'ooo
333
333
Balance Bt I
July 2021
£'ooo
Balance at 30
June 2022
Income
£'c￿0
Expenditure
£'ooo
11201
11201
Unrestricted Funds
Total Unrestricted Funds
42
260
42
260
Restricted Funds
Covid-19 Response
Ukraine Crisis Response
Total Restricted Funds
306
12911
18,1361
18,4271
1151
13181
13331
8.454
8,760
Total Funds
8,802
18,547}
260
Transfers between funds IS the residual internal cost recovery (ICRI agreed with donors on a range of
grunts ofter core costs in thefirst yeor of operotions have been deducted.
Transfers
between
funds
£'ooo
Balance at I
July 2020
£'ooo
Balance at 30
June 2021
£'ooo
Income
£'ooo
Expenditure
£'ooo
unrestricted Funds
Total Unrestricted Funds
iii
Restricted Funds
Total Restricted Funds
Total Funds
{ii
23

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 June 2022
Notes to the Financial Statements for the year ended 30 June 2022 (contlnuedl
7. Net Assets Between Funds
Unrestricted
2022
£'o
482
12221
260
Restricted
Totsl
2022
£'ooo
3.017
12,7571
260
Unrestricted Restrirted
2021
£'ooo
Total
2022
£'ooo
2.535
12,5351
2021
£'ooo
2021
£'ooo
Current Assets
Current Liabilities
Net Assets
8. Employees and Twstees
The Charity had no employees during the year12021'. nill. Related costs are borne by Crown Agents Limited
and recharged to the Charity as a seNice charge PLtrsuant to a shared resource agreement. By utilising the
shared re50ur¢e agreement the Charity avoids duplication. ensure5 that each organisations costs are
minimised and is able to operate in a unified manner to effettively implement and manage activitie5.
Employee costs recharged to the Charity in 2022 were £0.2m12021'. nill, made up of,.
2022
£'ooo
2021
£'ooo
Wages and salaries
National Insurance
Pension Costs
Total
159
20
12
191
Services provided by the Charity which were not charged for have been recognised in the accounts as gift
in kind and are valued at £41k.
There were no employees whose emoluments exceeded £60k. No Trustees received reimbursement for
expenses in 202212021.. nill.
Members of the Board of Trustees Iwho are all directors within the meaning of the Companies Act 20061
did not receive any remuneration during the period 12021= nil) from the Charity for their services as
directors and Trustees of the Charity. Trustees are provided with indemnity insurance as part of Crown
Agent Limited's Group Insurance Policies.
Two trustees of the Charity are employed by Crown Agents Limited. These trustees provided services to
the Charity during the year but did not receive any remuneration for these seNices from the charity. The
trustees did receive remLJneration from Crown Agents Limited with respect to their employment by Crown
Agents Limited. The details of this remuneration are as follows,.
Salaries and other
short-term benefits
£'ooo
Social Seturity Post-employment
£'ooo
benefits
£'ooo
Total
£,￿0
Trustee
Fergus Drake
lan Malcomson
190
147
25
20
259
191
24
These individuals are considered as Key Management Personnel of the Charity.
24

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 JL*ne 2022
Notes to the Financial Statements for the year ended 30 June 2022 {continued}
9. Tax
Crown Agents International Development is a registered charity. The charitable company is not subject to
corporation tax on income derived from its charitable artivities as it falls within various exemptions
available to charities.
10. Commitments Under Operating Leases
The Charity had no commitments under non-cancellable operating leases12021: nill.
11. Related Party Transartlons
The Charl￿$ only related party transactions were with its parent company. Crown Agents Limited (CALI.
Related Party Balances
2022
£'ooo
2021
£'ooo
Amounts due to Crown Agents Limited
825
Related Party Transactions
2022
2021
£'o(10
Donations Reteived from Crown Agents Limited
Donated Services Received from Crown Agents Limited
Funds Granted to CAL to perform charitable work on behalf of the Charity
Shared Resources Charged from CAL to CAID
41
7,860
454
12. Reconclliation Of Movement In Funds To Cash Flow From Operating Activities
2022
£'ooo
2021
£'(K)o
Net movement in funds
Ilncreasel in debtors
Increase in creditor5
Net cash inflow from operatlng artlvltles
255
{1,5701
2.756
1.441
25

CROWN AGENTS INTERNATIONAL DEVELOPMENT
Annual Report and Financial Statements for the year ended 30 lune 2022
Notes to the Financial Statements for the year ended 30 June 2022 Icontlnued)
13. Comparative Statement Of Flnancial Activities
Unrestrlcted
Funds
2021
Restrirted Totsl Funds
Funds 2021
Note
2021
Income
Donations
Income from charitable activities
Total Income
Expendlture
Expenditure on raising funds
Expenditure on charitable activities
Total Expenditure
{ii
iii
Transfers between funds
Net movement in funds
Reconciliatlon of funds
Total funds brought forward
Totsl funds carried forward
14. Member and Ultlmate Parent
The sole member of the Charity is Crown Agents Limited. The ultimate parent undertaking of Crown Agents
Limited is The Crown Agents Foundation INO. 032511671, a non-trading, not for profit company limited by
guarantee. Both Crown Agents Limited and The Crown Agents Foundation are registered in England and
Wales. The Crown Agents Foundation is the parent undertaking of the smallest and largest group of
undertakings to consolidate these financial statements at 30 June 2022 and 30 June 2021.
The consolidated financial statements of The Crown Agents Foundation are available from the Company
Secretary at Blue Fin Building. 110 Southwark Street, London SEI OSU, United Kingdom. The Charity is
independent, and had two independent trustee5 and two member appointed trustees during the year. The
sole member, Crown Agents Limited, is not a corporate trustee, but it has the power to appoint and remove
trustees.
15. Post Balance Sheet Events
There are no events after the balance sheet date that require adjustment or disclosure in the financial
statements.
26