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2021-12-31-accounts

Legal and	administrative	details,
Trustees'	report
Independent auditor's		report.

Statement	offinancial activities.
Balance sheet
Statement	ofcash flows. . .
Notes to	the financial statements.

Risk area			Current mitigation actions
Impact: no impact or		adverse impact on	Consultation with regional	and local experts	in	designing
the Charity's grantees		and the individuals	programmatic strategies	and in new grantee	prospection
and communities	they	serve	Leverage expertise of independent Trustees
			Obtain regular feedback from existing grantees
			Hire experienced staff to	conduct due diligence		and manage
			grantee relationships
			Annual reporting, routine	check-ins with grantees,			and site visits
			during grant term, when	possible
			Internal impact framework	in development

Risk area					Current mitigation actions
Financial	sustainability:			loss offunding	Chanel Group financially sound and fully committed			to
or in-kind support		from		the Chanel Group	maintaining funding and in-kind support
					Trustees ensure ample funding is available	to	cover	current and
					future grant commitments before approving	any new			grant
					commitments
					Financial update shared at each Trustees meeting
					Chanel Group CFO Trustee ofthe Charity
Legal and	compliance:			failure to meet	Trustee on-boarding includes overview of legal		duties
accounting,	regulatory,		and legal		Annual conflicts of interest disclosures
compliance	requirements				Robust due diligence process and ongoing	grant management
					conducted by programmatic staff
					Experienced internal support from the Chanel		Group		Legal
					department and external advisors to provide advice			as necessary
Other financial:		internal		fraud or failure	Internal delegations ofauthority
of internal	controls; foreign exchange rate				Shared authorisation procedures, including	maker-checker
fluctuations					processes
					Regular review ofappropriateness ofcurrency		hedging

					Unrestricted	Restricted	Total
					Funds	Funds	Funds
				Note	US$	US$	US$
Income from:
Donations					33,305,697		33,305,697
Total					33,305,697		33,305,697
Expenditure on:
Grants payable				3	1,095,957		1,095,957
Support costs				4, 5, 6	2,343,103		2,343,103
Total					3,439,060		3,439,060
Net income/(expenditure)					29,866,637		29,866,637
Other recognised	gains/(losses)		—foreign exchange		2,259		2,259
Other unrecognised		gains/(losses)	—foreign exchange		(22,513)		(22,513)
Net movement	in funds				29,846,384		29,846,384
Reconciliation	of funds:
Total funds brought		forward
Total funds carried		forward			29,846,384		29,846,384

						2021
					Note	US$
Non-current	assets:
Debtors						1 1,505,000
Total						11,505,000
Current assets:
Debtors						10,620,000
Prepayments						26,510
Cash at bank	and	in hand				8,121,119
Total						18,767,629
Current liabilities:
Creditors: amounts		fa ling	due within	one year	10	426,245
Total assets	less	current	liabilities,	being net assets		29,846,384
The funds	of the charity:
Restricted funds
Unrestricted	funds					29,846,384
Total charit	funds					29,846,384

							2021
							$US
Cash flows from		operating		activities:
Donations	received						9,200,009
Operating	expenditure	paid					(1,078,890
Net cash	provided	by/(used		in) operating	activities		8,121,119
Change	in cash and cash			equivalents	in the reporting	period	8,12I, I 19
Cash and	cash equivalents at		2	August 2020
Cash and	cash equivalents		at 31 December 2021				8,121,119

			2021
			US$
Monetary	donations	received	9,200,009
Monetary	donations	receivable	22,125,000
Donated	services		1,081,232
Donated	facilities		899,456
Total			33,305,697

									Total	2021
								Award	Grant	Grants
								Currency	Awarded	Payable
Grant	portfolio			and recipient				Local	Local	US$
Asia										388,000
CorStone								USD	500,000	250,000
Dasra	UK							USD	750,078
Root Impact								USD	450,000	138,000
UK for	UNHCR							EUR	350,000
Urgent	Action		Fund	for Women's		Human	Rights Asia and Pacific Limited	EUR	150,000
Global/multi-region
French	Ministry		for	Europe and Foreign			Affairs	EUR	360,000
The National		Foundation			of Political Sciences			EUR	240,000
Latin	America									400,000
CARE	France							EUR	1,000,000
Pro Mujer, Inc.								USD	600,000	200,000
The Womanity			Foundation					USD	600,000	200,000
United	Kingdom									307,957
1mkaan								EUR	499,487	189,522
Rosa Fund								GBP	43,000	58,949
Street	League							GBP	43,000	59,486
Total										1,095,957

								2022	2023	2024	Total
Grant	porffolio		& recipient					US$	US$	US$	US$
Asia								1,177,180	424,024	280,024	1,881,228
CorStone								250,000			250,000
Dasra	LIK							190,030	280,024	280,024	750,078
Root mpact								168,000	144,000		312,000
LIK for	UNHCR							398,405			398,405
Urgent	Action	Fund	for Women's		Human	Rights Asia and	Pacific Limited	170,745			170,745
Global/multi-region								591,916	91,064		682,980
The National Foundation				of Po itical Sciences				182,128	91,064		273,192
French	Ministry	for	Europe and		Foreign	Affairs		409,788			409,788
Latin	America							781,967	790,589	365,744	1,938,300
CARE	France							381,967	390,589	365,744	1,138,300
Pro Mujer, Inc.								200,000	200,000		400,000
The Womanity		Foundation						200,000	200,000		400,000
United	Kingdom								189,522	189,522	379,044
Imkaan									189,522	189,522	379,044
Total								2,551,063	1,495,199	835,290	4,881,552

				2021
				US$
Grant management		and charity adminstration	costs	2,062,576
Accounting	advisory	services		36,536
Audit fees				40,596
Legal fees				45,883
Tax advisory	services			157,512
Total				2,343,103

5. STAFF COSTS
	2021
	US$
Salary costs	865,450
Social security costs	183,255
Pension costs	19,330
Other benefits	13,198
Total	1,081,232

60,000 —	70,000
70,001 —80,000
1 10,001	— 120,000
160,001	— 170,000

				2021
				US$
Accounting		advisory	services	36,536
Audit	fees			40,596
Legal	fees			45,883
Tax advisory		services		157,512
Travel	6t meetings			2,058
Total				282,586

7. DEBTORS:AMOUNTS FALLIN	G DUE IN MORE THAN ONE	YEAR
		2021
		US$
Debtors		1 1,505,000
Total	1	1,505,000

	2021
	US$
Debtors	10,620,000
Prepayments	26,510
Total	10,646,510

9. C	ASH AT BANK AND IN HAND
		2021
		US$
Sterling	account	1,227,950
LiS$ account		6,893,169
Total		8,121,119

		2021
		US$
Grants	payable	189,522
Other	creditors	236,723
Total		426,245

						2021
						US$
Net expenditure	for the reporting			period		29,866,637
Adjustments for:
Increase/(decrease)		in debtors				(22, 151,510)
(Increase)/decrease		in creditors				426,245
Other recognised	gains/(losses)		—foreign exchange			(22,513)
Other unrecognised		gains/(losses)		—foreign exchange		2,259
Total						21,745,518
Net cash provided		by (used	in)	operating	activities	8,121,119

attendan	ce by on	e Trustee,
			2021
			US$
Monetar/	donations	received	9,200,009
Monetap	donations	receivable	22,125,000
Donated	services		1,081,232
Donated	facilities		899,456
Total			33,305,697