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|Legal and|administrative|details,|
|---|---|---|
|Trustees'|report||
|Independent
auditor's||report.|
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|Statement|offinancial activities.|
|---|---|
|Balance sheet||
|Statement|ofcash flows. . .|
|Notes to|the financial statements.|
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|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||||
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|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|||
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||||||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|
|---|---|---|---|---|---|---|---|
||||||||$US|
|Cash flows from||operating||activities:||||
|Donations|received||||||9,200,009|
|Operating|expenditure|paid|||||(1,078,890|
|Net cash|provided|by/(used||in) operating|activities||8,121,119|
|Change|in cash and cash|||equivalents|in the reporting|period|8,12I, I 19|
|Cash and|cash equivalents
at||2|August 2020||||
|Cash and|cash equivalents||at 31 December 2021||||8,121,119|
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||||2021|
|---|---|---|---|
||||US$|
|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$|
|Asia||||||||||388,000|
|CorStone||||||||USD|500,000|250,000|
|Dasra|UK|||||||USD|750,078||
|Root Impact||||||||USD|450,000|138,000|
|UK for|UNHCR|||||||EUR|350,000||
|Urgent|Action||Fund|for Women's||Human|Rights Asia and Pacific Limited|EUR|150,000||
|Global/multi-region|||||||||||
|French|Ministry||for|Europe and Foreign|||Affairs|EUR|360,000||
|The National||Foundation|||of Political Sciences|||EUR|240,000||
|Latin|America|||||||||400,000|
|CARE|France|||||||EUR|1,000,000||
|Pro Mujer,
Inc.||||||||USD|600,000|200,000|
|The Womanity|||Foundation|||||USD|600,000|200,000|
|United|Kingdom|||||||||307,957|
|1mkaan||||||||EUR|499,487|189,522|
|Rosa Fund||||||||GBP|43,000|58,949|
|Street|League|||||||GBP|43,000|59,486|
|Total||||||||||1,095,957|
##
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|||||||||2022|2023|2024|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Grant|porffolio||& recipient|||||US$|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$|
|Salary costs|865,450|
|Social security costs|183,255|
|Pension costs|19,330|
|Other benefits|13,198|
|Total|1,081,232|
##
|60,000 —|70,000|
|---|---|
|70,001
—80,000||
|1 10,001|— 120,000|
|160,001|— 170,000|
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|||||2021|
|---|---|---|---|---|
|||||US$|
|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$|
|Debtors||1 1,505,000|
|Total|1|1,505,000|
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||2021|
|---|---|
||US$|
|Debtors|10,620,000|
|Prepayments|26,510|
|Total|10,646,510|
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|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|
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