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## ANNUAL REPORT AND ACCOUNTS 

## FOR THE YEAR ENDED 

## 31 MARCH 2021 

FNTR , 



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7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## *FEJ>EJI 

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%&1 /. %&.2 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## 0>@:C :E= (=DBEBIJH:JBL> +>J:BCI 

6PIZQ\a V]UJMZ3 *(0/*, 6WUXIVa V]UJMZ3 .*11). BMOQ[\MZML WNNQKM IVL ,,&,0 FVS^VS`RSaa JOZY% ?]\R]\ A) /=C WXMZI\QWVIT ILLZM[[3 

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## 7QZMK\WZ[ IVL \Z][\MM[3 

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## CMVQWZ >IVIOMUMV\ 

7`NQ GRUZN[ ;eRPbaVcR :V_RPa\_ BVg CPARN[ :V_RPa\_ \S 9NZ]NVT[`' F\YVPf # ?[aR_[NaV\[NY F_\T_NZZR` 7XVYN BV[TUNZ :V_RPa\_ \S <V[N[PR # E]R_NaV\[` ( ?[aR_VZ %b[aVY @bYf -+-,& I\Z 8N_[` :V_RPa\_ \S ?[P\ZR # ;[TNTRZR[a %S_\Z HR]a -+-+& 

## 5IVSMZ[3 

H\Wbg G`cab 5O\Y ^ZQ AW\S 5`W\RZSg CZOQS 5W`[W\UVO[ 5) *;5 

5O\Y ]T FQ]bZO\R .(( :]`UWS E]OR 8RW\Pc`UV 8;)) +KC 

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7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

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## CWTQKQ\WZ[3 

5ObSa JSZZa 5`OWbVeOWbS )( DcSS\ Fb`SSb CZOQS ?]\R]\ 86,E )58 

4]LQ\WZ[3 @]]`S >W\Uab]\ F[WbV ??C 7Sd]\aVW`S ;]caS .( :]aeSZZ E]OR ?]\R]\ 86)@ /47 

FNTR / 



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7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## $.-/&./-(! ",0(-+%+&( %+' #%+%)(*(+. 

## :W^MZVQVO 7WK]UMV\ 

LN_ \[ LN[a V` N PUN_VaNOYR P\Z]N[f YVZVaRQ Of TbN_N[aRR' V[P\_]\_NaRQ \[ 3 @b[R ,404' N[Q _RTV`aR_RQ N` N PUN_Vaf \[ -- HR]aRZOR_ ,41-) IUR P\Z]N[f dN` R`aNOYV`URQ b[QR_ N CRZ\_N[QbZ \S 7``\PVNaV\[' dUVPU R`aNOYV`URQ aUR \OWRPa` N[Q ]\dR_` \S aUR PUN_VaNOYR P\Z]N[f N[Q V` T\cR_[RQ b[QR_ Va` 7_aVPYR` \S 7``\PVNaV\[) ?[ aUR RcR[a \S aUR PUN_Vaf ORV[T d\b[Q b] ZRZOR_` N_R _R^bV_RQ a\ P\[a_VObaR N[ NZ\b[a [\a RePRRQV[T i,+) 

## 4XXWQV\UMV\ WN \PM 6W]VKQT WN >IVIOMUMV\ 

IUR QV_RPa\_` \S aUR P\Z]N[f N_R NY`\ PUN_Vaf a_b`aRR` S\_ aUR ]b_]\`R` \S PUN_Vaf YNd N[Q b[QR_ aUR P\Z]N[fo` 7_aVPYR` N_R X[\d[ N` ZRZOR_` \S aUR 9\b[PVY \S CN[NTRZR[a) J[QR_ aUR _R^bV_RZR[a` \S aUR CRZ\_N[QbZ N[Q 7_aVPYR` \S 7``\PVNaV\[ aUR ZRZOR_` \S aUR 9\b[PVY \S CN[NTRZR[a N_R RYRPaRQ a\ `R_cR S\_ N ]R_V\Q \S aU_RR fRN_`' NSaR_ dUVPU aURf Zb`a OR _R( RYRPaRQ Na aUR [Rea 7[[bNY =R[R_NY CRRaV[T) 7[f ZRZOR_ \S aUR PUN_Vaf V` RYVTVOYR S\_ RYRPaV\[ a\ aUR 9\b[PVY \S CN[NTRZR[a N[Q ZRZOR_` N_R NPaVcRYf R[P\b_NTRQ a\ `R_cR V[ aUV` PN]NPVaf) 

## DZ][\MM DZIQVQVO IVL <VL]K\QWV 

IUR a_b`aRR` N_R RYRPaRQ S_\Z \b_ ZRZOR_`UV]) LUR[ [Rd a_b`aRR` N_R RYRPaRQ' aURf N_R V[a_\QbPRQ aUR d\_X \S aUR PUN_Vaf N[Q ]_\cVQRQ dVaU aUR V[S\_ZNaV\[ aUNa aURf [RRQ a\ SbYSVY aURV_ _\YR`' V[PYbQV[T V[S\_ZNaV\[ NO\ba aUR _\YR \S a_b`aRR` N[Q PUN_Vaf YNd) DRd a_b`aRR` NaaR[Q N[ V[QbPaV\[ ZRRaV[T ]_V\_ a\ aURV_ SV_`a NaaR[QN[PR \S N 9\b[PVY \S CN[NTRZR[a ZRRaV[T) 

## @ZOIVQ[I\QWVIT C\Z]K\]ZM 

IUR 9\b[PVY \S CN[NTRZR[a' dUVPU PN[ UNcR b] a\ ,- ZRZOR_`' NQZV[V`aR_` aUR PUN_Vaf) IUR 9\Z]N[f HRP_RaN_f NY`\ `Va` \[ aUR 9\b[PVY Oba UN` [\ c\aV[T _VTUa`) IUR 9\b[PVY ZRRa` ^bN_aR_Yf' N[Q aUR_R V` \[R `bO(P\ZZVaaRR' aUR <V[N[PR N[Q GR`\b_PR` 9\ZZVaaRR' dUVPU ZRRa` ]_V\_ a\ RNPU 9\b[PVY ZRRaV[T) ?[ NQQVaV\[' YRNQ a_b`aRR` N_R N]]\V[aRQ S\_ RNPU N_RN \S aUR PUN_Vafo` d\_X N[Q aUR`R a_b`aRR` ZRRa dVaU aUR _RYRcN[a QV_RPa\_` N[Q `aNSS ZRZOR_` \[ N _RTbYN_ ON`V`) 7[ ;eRPbaVcR :V_RPa\_ V` N]]\V[aRQ Of aUR a_b`aRR` a\ ZN[NTR aUR QNf(a\(QNf \]R_NaV\[` \S aUR PUN_Vaf N[Q V` N``V`aRQ V[ aUV` _\YR Of aUR \aUR_ ZRZOR_` \S aUR HR[V\_ CN[( NTRZR[a IRNZ) IUR a_b`aRR` dU\ `R_cRQ Qb_V[T aUR fRN_' N[Q aURV_ ]NaaR_[ \S SbYY NaaR[QN[PR Na aUR 9\b[PVY \S ZN[NTRZR[a ZRRaV[T`' N_R `U\d[ V[ aUR aNOYR ORY\d) 

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FNTR 0 



%&1 /. %&.2 

7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## AIa AWTQKa NWZ CMVQWZ C\INN 

IUR a_b`aRR` P\[`VQR_ aUR HR[V\_ CN[NTRZR[a IRNZ N` aUR XRf ZN[NTRZR[a ]R_`\[[RY \S aUR PUN_Vaf) 7YY a_b`aRR` TVcR aURV_ aVZR S_RRYf dVaU [\[R _RPRVcV[T _RZb[R_NaV\[ V[ aUR fRN_) IUR Pb__R[a `NYN_f `a_bPab_R S\_ NYY `aNSS %V[PYbQV[T aUR HR[V\_ CN[NTRZR[a IRNZ& dN` NT_RRQ Of aUR a_b`aRR` N[Q aUR I_NQR J[V\[ HU\]' N[Q N[[bNY ]Nf NdN_Q` NP_\`` NYY T_NQR` N_R NY`\ `bOWRPa a\ NT_RRZR[a ORadRR[ aUR @\V[a DRT\aVNaV[T 9\ZZVaaRR %@D9& N[Q aUR I_NQR J[V\[ HU\]) >\d( RcR_' aUR a_b`aRR` _RaNV[ `\YR _R`]\[`VOVYVaf S\_ `RaaV[T aUR _RZb[R_NaV\[ ]NPXNTR \S aUR ;eRPb( aVcR :V_RPa\_) 

## A]JTQK 5MVMNQ\ C\I\MUMV\ 

LR UNcR _RSR__RQ a\ aUR 9UN_Vaf 9\ZZV``V\[o` TR[R_NY TbVQN[PR \[ ]bOYVP OR[RSVa' V[PYbQV[T aUR TbVQN[PR \[ nFbOYVP OR[RSVa5 _b[[V[T N PUN_Vafo %F8-&' N[Q N_R P\[SVQR[a aUNa \b_ \OWRPa` N[Q NPaVcVaVR` SbYSVY aUR`R _R^bV_RZR[a`) 7YY \b_ NPaVcVaVR` N_R S\_ aUR OR[RSVa \S aUR ]bOYVP' Oba V[ ]N_aVPbYN_ dR d\bYQ YVXR a\ UVTUYVTUa aUR S\YY\dV[T5 

Eb_ d\_X dVaU ]N_a[R_` V[ aUR TY\ONY H\baU OR[RSVa` N dVQR_ P\[`aVabR[Pf aUN[ aUR VZZRQVNaR ZRZOR_` \S \b_ ]N_a[R_ \_TN[V`NaV\[`6 S\_ ReNZ]YR' dR R[QRNc\b_ a\ ObVYQ PN]NPVaf dVaU \b_ ]N_a[R_` a\ R[NOYR aURZ a\ NQc\PNaR S\_ N[Q NPUVRcR PUN[TR` `bPU N` d\_XV[T a\ V[P_RN`R ZV[( VZbZ dNTR YRcRY`) IUV` UN` aUR ]\aR[aVNY a\ VZ]NPa ZVYYV\[` \S V[QVcVQbNY` N[Q U\b`RU\YQ`' aUR ZNW\_Vaf \S dU\Z dVYY UNcR [\ P\[aNPa dVaU \_ X[\dYRQTR \S LN_ \[ LN[a \_ Va` ]N_a[R_`) 

Eb_ PNZ]NVT[V[T d\_X S\Pb`R` \[ V``bR` aUNa NQQ_R`` aUR _\\a PNb`R` \S ]\cR_af' N[Q \[ `R( Pb_V[T UbZN[ _VTUa`) <\_ ReNZ]YR' PNZ]NVT[V[T S\_ d\_XR_`o _VTUa`' S\_ SNV_ aNeNaV\[ S\_ aUR ]bOYVP OR[RSVa' N[Q \[ a_NQR _bYR` dUVPU VZ]NPa ]bOYVP `R_cVPR`) Eb_ PNZ]NVT[` UVTUYVTUa V``bR` V[ cN_V\b` ZRQVN' O\aU V[ aUR JA N[Q TY\ONYYf' _NV`V[T NdN_R[R`` NZ\[T aUR TR[R_NY ]bOYVP) Eb_ \ba_RNPU d\_X _RNPUR` ZN[f QVSSR_R[a NbQVR[PR`6 dR RQbPNaR SR`aVcNY T\R_`' a_NQR b[V\[`' d\ZR[o` _VTUa` \_TN[V`NaV\[`' P\ZZb[Vaf _R`VQR[a`' `PU\\Y` N[Q b[VcR_`VaVR`) LR ]N_aVPbYN_Yf NVZ a\ aN_TRa aU\`R P\ZZb[VaVR` aUNa N_R RePYbQRQ N[Q VT[\_RQ V[ ]\YVPf RQbPNaV\[ N[Q QRONaR`' RZ]\dR_V[T aURZ a\ ]N_aVPV]NaR V[ ]_\PR``R` N[Q NPaV\[` dUVPU PN[ P_RNaR N ORaaR_ YVSR S\_ aURZ`RYcR` N[Q \aUR_`) 

## 9]VLZIQ[QVO AWTQKa 

4a eWbV [O\g QVO`WbWSa% `OWaW\U d]Zc\bO`g Tc\Ra T`][ b`caba% T]c\RObW]\a O\R W\RWdWRcOZa Wa O dWbOZ a]c`QS ]T W\Q][S T]` JO` ]\ JO\b% S\OPZW\U ca b] TcZTWZ ]c` QVO`WbOPZS ]PXSQ& bWdSa Oa STTSQbWdSZg Oa ^]aaWPZS' JS O`S dS`g U`ObSTcZ T]` bVS ac^^]`b UWdS\ Pg OZZ ]c` R]\]`a O\R [S[PS`a' 

JO` ]\ JO\b PSZWSdSa bVOb Tc\R`OWaW\U aV]cZR PS O\ ]^S\% V]\Sab O\R `Sa^SQbTcZ ^`]& QSaa' JS OW[ b] PcWZR O\R [OW\bOW\ a]ZWR ^O`b\S`aVW^a eWbV ]c` ac^^]`bS`a O\R R]\]`a% POaSR ]\ [cbcOZ c\RS`abO\RW\U O\R aVO`SR dOZcSa' JS O`S `SUWabS`SR eWbV bVS 9c\R& `OWaW\U ESUcZOb]` O\R ORVS`S b] bVS 6]RS ]T 9c\R`OWaW\U C`OQbWQS W\ ]c` Tc\R`OWaW\U OQbWdWbWSa' JS VOdS Q][^ZWSR eWbV OZZ bVS `cZSa O\R `SUcZObW]\a O\R b] RObS VOdS \]b `SQSWdSR O\g \]bWTWQObW]\ ]T O P`SOQV' 

JO` ]\ JO\b ]^S`ObSa eWbV O a[OZZ W\bS`\OZ Tc\R`OWaW\U bSO[ O\R S\UOUSa `S^cbOPZS ^`]TSaaW]\OZ SfbS`\OZ OUS\QWSa Oa `S_cW`SR' GVWa W\QZcRSa OUS\QWSa T]` bSZS[O`YSbW\U% Q`SObWdS RSdSZ]^[S\b% ^`W\b O\R [OWZW\U ]\ ]c` PSVOZT' 4ZZ Tc\R`OWaW\U OQbWdWbg Wa QZ]aSZg []\Wb]`SR eWbV ab`WQb O^^`]dOZ ^`]QSaaSa% O\R abS^a O`S bOYS\ b] ^`]bSQb dcZ\S`OPZS ^S]^ZS O\R S\ac`S ]c` Tc\R`OWaW\U Wa \]b c\`SOa]\OPZg W\b`caWdS' JS R] \]b S\UOUS W\ bVW`R&^O`bg TOQS&b]&TOQS Tc\R`OWaW\U' 

JO` ]\ JO\boa C`WdOQg C]ZWQg% [OW\bOW\SR W\ OQQ]`RO\QS eWbV bVS :S\S`OZ 7ObO C`]& bSQbW]\ ESUcZObW]\ #:7CE$% Wa ^cPZWaVSR ]\ ]c` eSPaWbS' GVWa ^]ZWQg QZSO`Zg abObSa eVOb 

FNTR 1 



%&1 /. %&.2 

7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

^S`a]\OZ RObO JO` ]\ JO\b eWZZ V]ZR W\ `SZObW]\ b] ac^^]`bS`a O\R V]e bVWa RObO eWZZ PS caSR' <b aSba ]cb V]e W\RWdWRcOZa QO\ `OWaS Q]\QS`\a ]` Q][^ZOW\ba' JO` ]\ JO\b VOa \]b `SQSWdSR O\g T]`[OZ Q][^ZOW\ba OP]cb Wba Tc\R`OWaW\U OQbWdWbWSa Rc`W\U bVS TW\O\& QWOZ gSO`' 

## AZQVKQXIT BQ[S[ IVL EVKMZ\IQV\a 

LN_ \[ LN[a _RP\T[V`R` aUNa aUR _V`X` aUNa dR SNPR N_R YN_TRYf QbR a\ aUR [Nab_R N[Q P\[aRea \S \b_ d\_X) IUR a_b`aRR` S\YY\d N P\Z]_RUR[`VcR GV`X CN[NTRZR[a F\YVPf dUVPU PYRN_Yf QRSV[R` aUR _\YR` \S aUR O\N_Q' SV[N[PR N[Q _R`\b_PR` P\ZZVaaRR N[Q `R[V\_ `aNSS V[ VQR[aVSfV[T N[Q ZN[NTV[T _V`X) IUR O\N_Q N[Q `R[V\_ `aNSS QV`Pb`` aUR VZ]NPa' YVXRYVU\\Q N[Q aUR ZN[NTRZR[a V[ ]YNPR a\ ZVaVTNaR aUR`R _V`X`' N` aUR a_b`aRR` N_R aUR bYaVZNaR _V`X \d[R_) 

IUR a_b`aRR` UNcR _RcVRdRQ aUR `a_NaRTVP _V`X` SNPV[T aUR \_TN[V`NaV\[) IUR`R N_R P\Z]_V`RQ \S SV[N[PVNY' \]R_NaV\[NY' _RTbYNa\_f' ReaR_[NY N[Q `a_NaRTVP _V`X`) ;NPU _V`X N_RN V[PYbQR` N [bZOR_ \S ]_V[PV]NY _V`X` N[Q b[PR_aNV[aVR`' N[Q ZRPUN[V`Z` S\_ ZN[NTRZR[a N[Q ZVaVTNaV\[) 

## GVS YSg `WaYa WRS\bWTWSR O`S Oa T]ZZ]ea2 

## BM[\ZQK\ML 9]VLQVO 

GVS ]`UO\WaObW]\ Wa ^O`bZg RS^S\RS\b c^]\ `Sab`WQbSR ^`]XSQb Tc\RW\U T]` Wba Z]\U&bS`[ ^`]U`O[[S O\R QO[^OWU\ e]`Y' GVWa Tc\RW\U VOa b] PS a]cUVb Q]\abO\bZg' G`cabSSa QO`STcZZg Q]\aWRS` bVS ^`]TSaaW]\OZ XcRUS[S\b ]T abOTT eVS\ [OYW\U Tcbc`S TW\O\QWOZ ^ZO\a O\R W\ OaaSaaW\U bVS ZWYSZWV]]R ]T Tc\RW\U PSW\U aSQc`SR' JVS\ acTTWQWS\b ^`]XSQb Tc\RW\U Wa \]b aSQc`SR bVS ]`UO\WaObW]\ [cab `SZg ]\ Wba ZW[WbSR ac^^Zg ]T c\`Sab`WQbSR W\Q][S% [SO\W\U JO` ]\ JO\b Wa Qc``S\bZg ]^S`ObW\U eWbV O Z]eS` ZSdSZ ]T c\`Sab`WQbSR `SaS`dSa bVO\ Wa RSaW`OPZS' 4 RSQZW\S W\ `Sab`WQbSR Tc\RW\U ]dS` bVS ^Oab TSe gSO`a VOa PSS\ W\ ^O`b RcS b] bVS QVO\UW\U H> ]^S`ObW]\OZ Q]\bSfb% W\QZcRW\U `SUcZObW]\a ]\ QO[^OWU\W\U O\R Z]PPgW\U' 

## BMX]\I\QWVIT 

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## AIZ\VMZ[ 

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## 9QVIVKQIT C][\IQVIJQTQ\a 

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FNTR 2 



%&1 /. %&.2 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## 0>JJ>H ?HFD 8:H FE 8:EJ *A:BH" 2FHBE: 3R.:H> :E= ,N><KJBL> +BH><JFH" (I:= 5>AD:E 

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BdS` bVS ZOab gSO` [O\g ]T ]c` ^O`b\S`a% eV] O`S OZ`SORg ]^S`ObW\U W\ bVS []ab QVOZ& ZS\UW\U ]T QW`Qc[abO\QSa% VOdS OZa] VOR b] `Sa^]\R b] bVS STTSQba ]T bVS 6]dWR&)1 ^O\& RS[WQ' <\ F]cbV 4T`WQO% ]c` ^O`b\S` 4POVZOZW POaS @X]\R]Z] Q]\bW\cSR b] TWUVb T]` bVS `WUVb b] V]caW\U% O\R QO[^OWU\ b] bOQYZS bVS SQ]\][WQ W\XcabWQSa OTTSQbW\U bVS [OX]`Wbg ]T F]cbV 4T`WQOoa QWbWhS\a' <\ F`W ?O\YO% ]c` ^O`b\S` 9GM!:F8H e]`YSR b] [SSb bVS Vc[O\WbO`WO\ \SSRa ]T UO`[S\b e]`YS`a ZSTb RSabWbcbS Pg bVS STTSQba ]T QZ]bVW\U P`O\Ra QO\QSZZW\U bVSW` ]`RS`a% eVWZab Q]\bW\cW\U b] ]`UO\WaS O\R QO[^OWU\ b] [OYS PWU P`O\Ra ^Og bVSW` e]`YS`a' Bc` ^O`b\S`a W\ 6VWZS e]`YSR b] Sf^]aS bVS W\XcabWQS ]T O ^]bS\bWOZZg RSdOabObW\U \Se eOdS ]T nU`SS\o [W\S`OZ Sfb`OQbW]\% W\ bVS \O[S ]T bVS b`O\aWbW]\ b] `S\SeOPZS S\S`Ug W\ `WQVS` Q]c\b`WSa' 4\R VS`S W\ bVS H>% Z]e&^OWR e]`YS`a m ]\ bVS T`]\bZW\S ]T bVS 6]dWR&)1 ^O\RS[WQ m VOdS PSS\ ]`UO\WaW\U b] V]ZR [cZbW&\ObW]\OZ Q][& ^O\WSa W\QZcRW\U 4[Oh]\ O\R @Q7]\OZRa b] OQQ]c\b' 

6Z]aS b] -(( [WZZW]\ e]`YS`a UZ]POZZg VOdS OZ`SORg Z]ab bVSW` X]Pa RcS b] bVS STTSQba ]T bVS ^O\RS[WQ% eWbV [WZZW]\a []`S TOQW\U bVS aO[S TObS' 7SdOabObW\U QZW[ObS W[^OQba O`S OZ`SORg bV`SObS\W\U T]]R ^`]RcQbW]\ O\R eWZZ e]`aS\ ]dS` bVS Q][W\U RSQORS' LSb bVS 

FNTR 3 



War on Want
Annual Report and Financial Sratement for the year ended 31 March 2021
global rules that are being rewritten behind closed doors will continue to put profit-
and the right of corporations to pollute- ahead of people and the planeL
What will emerge from the wreckage of these global crises remains hugely uncertain.
In a worrying sign, we are already witnessing a rolling back of fundamental human rights.
with militarised crackdowns on protestors around the world. In Colombia, protests
against regressive tax reforms and state attacks on human rights defenders in recent
months were met with police violence, including reports of homicide and sexual assaulL
In Palestine, protests against displacement and ethnic cleansing were met with armed
violence that escalated into an I14ay bombardment of the Gaza Strip, and subsequently
a campaign of mass arrest and detention of Palestinians. New threats to protest rights
and civil society space are also emerging here in the UK, including the draconian
measures proposed in the Police. Crime, Sentencing and Courts Bill.
Against this backdrop, the importance of active international solidarity has been
stressed again and again by our partners over this past year. Meeting the many chal-
lenges, we face collectively would not be possible without the generosity of our mem-
bers and 5UPPOrters. who not only provide the much-needed resources to support our
partners, but also act in their thousands to support those fighting for justice. Going
forward, we will continue to call on our members and supporters to work with us
more than ever before. to amplify our calls to action, and to drive forward change in
workplaces and communities. so that together we are able to make an even greater
impact. Many of our members and allies have themselves lost loved ones to the Covid-
19 pandemic over the past year, whilst others face increasing economic hardship. We
are deeply grateful and pay tribute to every member and supporter of War on W3nL
Throughout our 71>year history, War on Want has never faltered from speaking truth
to power and from workingto realise our vision of3 just world. With your support we
will continue to strive together for the better world that we know is possible.
Thank you.
Norina O'Hare
Chair, Council of Management
Asad Rehman
Executive Director
Page 9

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FNTR ,+ 



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FNTR ,, 



## %&1 /. %&.2 

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IUR ]N[QRZVP P\[aV[bR` a\ Q_Nd V[a\ `UN_] S\Pb` aUR ReaR[a a\ dUVPU aUR TY\ONY RP\[\ZVP `f`aRZ UN` SNVYRQ `\ ZN[f ]R\]YR) IUR VZ]NPa \[ ]bOYVP URNYaU' N[Q \[ aUR ]\\_R`a P\ZZb[VaVR`' ZRN[` dR Zb`a ]b`U S\_ _NQVPNY ]_\]\`NY` \[ dUNa aUR RP\[\ZVP _RP\cR_f ]YN[` Zb`a Y\\X YVXR' N[Q dR dVYY P\[aV[bR a\ Q\ aUV` V[ aUR Z\[aU` NURNQ) 

## BM[Q[\QVO ?MWTQJMZITQ[U e 8VLQVO 6WZXWZI\M <UX]VQ\a 

## GM _WZS \W3 

- Re]\`R aUR QR`a_bPaVcR ]\YVPVR`' ]_\PR``R` N[Q ORUNcV\b_` \S JA ON`RQ ZbYaV([NaV\[NY P\_]\_NaV\[`' aURV_ `b]]Yf PUNV[` N[Q aUR 9Vaf \S B\[Q\[ aUNa ]ba ]_\SVa ORS\_R ]R\]YR N[Q aUR ]YN[Ra6 

- a_N[`S\_Z aUR `f`aRZ`' YNd` N[Q _RTbYNaV\[` aUNa R[NOYR P\_]\_NaV\[` a\ NPa dVaU VZ]b[Vaf) IUV` V[PYbQR` ObVYQV[T `b]]\_a S\_ OV[QV[T _RTbYNaV\[` \[ JA P\_]\_NaV\[` N[Q aUR 9Vaf \S B\[Q\[ a\ ]_\aRPa UbZN[ _VTUa`' `\PVNY _VTUa` N[Q aUR R[cV_\[ZR[a6 

- PUNZ]V\[ ]_\T_R``VcR a_NQR ]\YVPVR` aUNa YVZVa aUR ]\dR_ \S P\_]\_NaV\[` N[Q V[`aRNQ ]_V\_VaV`R aUR ]_\aRPaV\[ \S aUR _VTUa` \S d\_XR_`' NQQ_R``V[T V[R^bNYVaf N[Q aUR PYVZNaR P_V`V`6 

- P\YYNO\_NaR dVaU aUR a_NQR b[V\[ Z\cRZR[a N[Q RZR_TV[T Z\cRZR[a` N_\b[Q aUR PYVZNaR RZR_TR[Pf \[ N P\ZZ\[ N[Q V[aR_(`RPaV\[NY ]YNaS\_Z S\_ a_NQR Wb`aVPR N[Q _RTbYNa\_f NPaV\[ a\ QV`ZN[aYR aUR QR`a_bPaVcR ]\dR_ \S aUR 9Vaf \S B\[Q\[6 

- ObVYQ `b]]\_a S\_ N `Ra \S ]\YVPVR` aUNa PUNYYR[TR aUR [R\YVOR_NY Z\QRY \S b[`b`aNV[NOYR T_\daU N[Q aUR Re]Y\VaNaV\[ \S ]R\]YR N[Q aUR d\_YQo` _R`\b_PR`' Of ]_\Z\aV[T ]bOYVP \d[R_`UV] \S `R_cVPR` N[Q ]R\]YRo` `\cR_RVT[af \cR_ [Nab_NY _R`\b_PR` N` aUR \[Yf ]\YVPf ]NaUdNf aUNa _R`]RPa` R[cV_\[ZR[aNY YVZVa` N[Q TbN_N[aRR` RcR_f\[R aUR _VTUa a\ N QVT[VSVRQ YVSR) 

9UNYYR[TV[T P\_]\_NaR ]\dR_ N[Q U\YQV[T QR`a_bPaVcR Ob`V[R``R` a\ NPP\b[a UN` Y\[T ORR[ N P\_[R_`a\[R \S LN_ \[ LN[ao` d\_X) IUR VZ]NPa \S aUR 9\cVQ(,4 ]N[QRZVP NP_\`` -+-+ N[Q V[a\ -+-, UN` UVTUYVTUaRQ N[Q ReNPR_ONaRQ ReV`aV[T TY\ONY _NPVNY' TR[QR_ N[Q RP\[\ZVP V[R^bNY( VaVR`' V[PYbQV[T aUR T_\dV[T ]\dR_ \S P\_]\_NaV\[`) CN[f \S aUR d\_YQo` ]\\_R`a ]R\]YR UNcR ORR[ ]Yb[TRQ V[a\ QRR]R_ ]\cR_af N[Q RcR[ Z\_R SV[N[PVNYYf ]_RPN_V\b` PV_PbZ`aN[PR`' dUVYR YN_TR ZbYaV([NaV\[NY P\Z]N[VR` UNcR `RR[ aURV_ dRNYaU N[Q V[SYbR[PR T_\d Re]\[R[aVNYYf) 

7ZNg\[' N[Q \aUR_ ZNW\_ \[YV[R _RaNVYR_`' a\\X NQcN[aNTR \S P\Z]RaVa\_ `a\_R PY\`b_R` Qb_V[T [NaV\[NY Y\PXQ\d[` a\ V[P_RN`R aURV_ TY\ONY ZN_XRa `UN_R N[Q NPPRYR_NaR aURV_ ]_\SVa`) LUVYR aUR dRNYaU \S `UN_RU\YQR_` _\PXRaRQ' d\_XR_` Na aUR`R P\Z]N[VR` V[`aRNQ SNPRQ ]\cR_af dNTR`' b[`NSR d\_XV[T P\[QVaV\[`' N[Q RcR_ T_RNaR_ `b_cRVYYN[PR S_\Z ZN[NTRZR[a) ?[ D\cRZOR_ -+-+' dR W\V[RQ aUR CNXR 7ZNg\[ FNf P\NYVaV\[ m dUVPU [\d _R]_R`R[a` \cR_ -++ ZVYYV\[ d\_XR_` 

FNTR ,- 



%&1 /. %&.2 

## 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

N[Q NPaVcV`a` N_\b[Q aUR d\_YQ m a\ NZ]YVSf aUR QRZN[Q` \S 7ZNg\[ d\_XR_`) IUR =Y\ONY :Nf \S 7PaV\[ NTNV[`a 7ZNg\[ `Nd d\_XR_` U\YQ `a_VXR` N[Q ]_\aR`a` NP_\`` ,- P\b[a_VR`) 

IUR ]N`a fRN_ `Nd b` PNZ]NVT[ S\_ NZR[QZR[a` a\ aUR JA I_NQR 8VYY' ObVYQV[T \[ fRN_` \S PNZ]NVT[V[T S\_ T_RNaR_ a_N[`]N_R[Pf N[Q NPP\b[aNOVYVaf V[ V[aR_[NaV\[NY a_NQR6 N[Q S\_ a_NQR _bYR` aUNa ]ba ]R\]YR N[Q ]YN[Ra NO\cR P\_]\_NaR ]_\SVa) IUR OVYY dN` ]N``RQ Of aUR >\b`R \S B\_Q` V[ @N[bN_f -+-+' dVaU\ba aUR NZR[QZR[a` dR UNQ ORR[ ]b`UV[T S\_' N[Q V` `Ra a\ ORP\ZR YNd) 7YaU\bTU \b_ T\NY \S XRf NZR[QZR[a` a\ aUR OVYY dN` b[`bPPR``SbY' aUR V``bR` dR _NV`RQ aU_\bTU\ba aUR ]_\PR`` dR_R `b]]\_aRQ Of CF` N[Q ]RR_`6 N[Q ]_\Z]aRQ QRONaR N_\b[Q aUR JAo` dVQR_ V[aR_[NaV\[NY a_NQR ]\YVPf) 

7Y\[T`VQR \b_ PNZ]NVT[V[T d\_X \[ aUR JA I_NQR 8VYY' N[Q \b_ PNZ]NVT[V[T \[ aUR IG?F` dNVcR_ S\_ aUR 9\cVQ(,4 cNPPV[R' dR P\[aV[bRQ a\ S\Pb` \[ Re]\`V[T `RP_RaVcR ?[cR`a\_ HaNaR :V`]baR HRaaYRZR[a %?H:H& PYNb`R` dVaUV[ a_NQR QRNY`) ?H:H' \_ nP\_]\_NaR P\b_a`o' R[NOYR P\_( ]\_NaV\[` a\ `bR T\cR_[ZR[a` S\_ aURV_ ]_\WRPaRQ ]_\SVa`' VS ]ba Na _V`X aU_\bTU T\cR_[ZR[a ]\YVPVR`' V[ `RP_Ra a_VOb[NY`) LR NY`\ P\[aV[bRQ PNZ]NVT[V[T \[ aUR ]_\]\`RQ JH(JA a_NQR QRNY' dUVPU ]_R`R[aRQ `R_V\b` aU_RNa` a\ _VTUa`' ]bOYVP `R_cVPR`' `aN[QN_Q`' N[Q aUR PYVZNaR) 7SaR_ dR URY]RQ a\ TR[R_NaR `VT[VSVPN[a ]bOYVP ]b`UONPX aU_\bTU N[ RZNVY PNZ]NVT[' N[ NPaVcV`a N``RZOYf N[Q N QNf \S NPaV\[' QV`Pb``V\[` N_\b[Q aUR QRNY UNcR `V[PR ORR[ ]b`URQ V[a\ aUR Y\[T(T_N`` Of aUR 8VQR[ NQZV[V`a_NaV\[) 

## AZW\MK\QVO GWZSMZ[f BQOP\[ IVL DIKSTQVO :TWJIT <VMY]ITQ\a 

## GM _WZS \W3 

- ObVYQ N _R[RdRQ V[aR_[NaV\[NYV`Z NZ\[T`a XRf T_\b]`' \_TN[V`NaV\[` N[Q NbQVR[PR` _R]_R`R[aV[T d\_XR_`' N[Q aU\`R U\YQV[T T\cR_[ZR[a` N[Q P\_]\_NaV\[` a\ NPP\b[a \[ d\_XR_`o _VTUa`6 

- PUNYYR[TR aUR Y\TVP \S aUR P\_]\_NaR T_\daU Z\QRY S\_ `UN_RU\YQR_ ]_\SVa N[Q ^bR`aV\[ P\_]\_NaR ]b_]\`R V[ \b_ d\_X a\ NQcN[PR d\_XR_`o _VTUa`6 

- PNZ]NVT[ S\_ N `Ra \S b[VSfV[T TY\ONY QRZN[Q` aUNa R[P\Z]N`` P\_R _VTUa` S\_ d\_XR_`5 N YVcV[T dNTR' `RPb_R RZ]Y\fZR[a' aUR _VTUa a\ W\V[ N b[V\[ N[Q S\_ b[VcR_`NY ]bOYVP `R_cVPR`6 

- `b]]\_a \b_ XRf ]N_a[R_`' `bPU N` TN_ZR[a d\_XR_` N[Q aU\`R V[ aUR SN`a(S\\Q `RPa\_ N` \b_ PNZ]NVT[ S\Pb`6 

- P\YYNO\_NaR dVaU d\_XR_`o Z\cRZR[a` TY\ONYYf N[Q V[ aUR JA a\ `b]]\_a aURV_ `a_bTTYR`' N[Q ObVYQ aUR PN]NPVaf \S d\_XR_`o Z\cRZR[a`6 

- ObVYQ NYYVN[PR` V[ aUR JA N[Q TY\ONYYf a\ _NYYf ORUV[Q \b_ ]\YVPf QRZN[Q`' N[Q a\ P\[[RPa aUR JA P\[aRea a\ aUR TY\ONY6 

- ]N_a[R_ dVaU ZN_TV[NYV`RQ T_\b]` \S d\_XR_` V[ aURV_ `a_bTTYR` N[Q `b]]\_a `a_\[T _R]_R`R[aNaVcR d\_XR_ \_TN[V`NaV\[` N[Q a_NQR b[V\[` V[ aUR JA N[Q TY\ONYYf6 

- `b]]\_a d\_XR_` V[ `a_NaRTVP TY\ONY P\Z]N[VR` N[Q aURV_ `b]]Yf PUNV[` a\ ObVYQ aURV_ V[aR_[NaV\[NY ]R_`]RPaVcR N[Q `b]]\_a S\_ P\YYRPaVcR QRZN[Q`6 

- PNZ]NVT[ a\ R[Q TY\ONY V[R^bNYVaf N[Q RP\[\ZVP Re]Y\VaNaV\[ Of ]_\Z\aV[T N [Rd `\PVNY P\[a_NPa S\_ d\_XR_`' N[Q S\_ NYaR_[NaVcR Z\QRY` `bPU N` d\_XR_ \d[R_`UV] Z\QRY`' N[Q ReNZ]YR` \S Z\QRY` dUR_R d\_XR_` N_R \_TN[V`V[T ORf\[Q dNTR _RYNaV\[`UV]`) 

HaN[QV[T V[ `\YVQN_Vaf dVaU aUR YNO\b_ Z\cRZR[a N[Q SVTUaV[T S\_ aUR _VTUa` \S aU\`R V[ ]_RPN_V\b` d\_X UN` ORR[ Na aUR URN_a \S LN_ \[ LN[ao` ZV``V\[ S\_ ZN[f QRPNQR`) EcR_ aUR ]N`a fRN_' dR UNcR P\[aV[bRQ a\ ]N_a[R_ dVaU d\_XR_`o \_TN[V`NaV\[` N[Q b[V\[` SVTUaV[T Y\d(]Nf' V[`RPb_R P\[a_NPa` N[Q b[`NSR P\[QVaV\[` V[ O\aU aUR =Y\ONY H\baU N[Q D\_aU' ORP\ZV[T N ]N_a[R_ dVaU aUR 9YRN[ 9Y\aUR` 9NZ]NVT[' N[Q d\_XV[T dVaU [Rd ]N_a[R_` H_V BN[XN[ ]N_a[R_` L\ZR[o` 9R[a_R N[Q :NOV[Qb 9\YYRPaVcR) 

FNTR ,. 



## %&1 /. %&.2 

## 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

CN[f H\baU 7`VN[ TN_ZR[a SNPa\_f d\_XR_` UNcR S\b[Q aURZ`RYcR` V[ N[ V[P_RN`V[TYf ]_RPN_V\b` ]\`VaV\[' N` `U\]` V[ aUR =Y\ONY D\_aU PY\`RQ QbR a\ 9\cVQ(,4) <N`UV\[ O_N[Q` PN[PRYYRQ aURV_ \_QR_`' N[Q YRSa TN_ZR[a SNPa\_f d\_XR_` dVaU\ba ]NfZR[a S\_ d\_X NY_RNQf P\Z]YRaRQ) IU_\bTU\ba aUV` ab_ObYR[a ]R_V\Q' dR d\_XRQ dVaU \b_ H_V BN[XN[ ]N_a[R_ a_NQR b[V\[ <IM#=H;J' NY\[T`VQR JA ]N_a[R_ BNO\b_ 8RUV[Q aUR BNORY' a\ `b]]\_a TN_ZR[a d\_XR_`' ZN[f \S aURZ d\ZR[' dVaU RZR_TR[Pf `b]]YVR` N[Q `b]]\_a) 

LR NZ]YVSVRQ <IM#=H;Jo` PNYY` S\_ QRPR[a d\_X N[Q P\[QVaV\[`' V[PYbQV[T Of aNXV[T NPaV\[ NTNV[`a N DRea(\d[RQ SNPa\_f V[ \[R \S H_V BN[XNo` <_RR I_NQR M\[R`' a\ dV[ ONPX b[]NVQ O\[b`R` N[Q QRZN[Q aUNa DRea _RP\T[V`R Va` d\_XR_`o b[V\[ N[Q _VTUa a\ P\YYRPaVcR ON_TNV[V[T) EcR_ /'+++ LN_ \[ LN[a `b]]\_aR_` P\[aNPaRQ DRea' ]baaV[T ]_R``b_R \[ aUR P\Z]N[f a\ PUN[TR Va` N]]_\NPU) ?[ 7]_VY -+-,' DRea SV[NYYf NT_RRQ a\ [RT\aVNaR dVaU aUR b[V\[) ?[ CNf -+-,' aUR P\Z]N[f P\[SV_ZRQ _RP\T[VaV\[ \S aUR b[V\[ N` _R]_R`R[aNaVcR \S Va` d\_XR_`' N[Q `aNaRQ aUNa Va dVYY R[TNTR dVaU aURZ V[ P\YYRPaVcR ON_TNV[V[T m N cVPa\_f S\_ \b_ ]N_a[R_` N[Q `b]]\_aR_`) Eb_ d\_X SNPVYVaNaV[T aUV` ]_\PR``' V[ ]N_a[R_`UV] dVaU NYYVRQ PNZ]NVT[V[T \_TN[V`NaV\[`' N[Q `b]]\_aV[T \b_ ]N_a[R_` a\ U\YQ DRea N[Q \aUR_` a\ NPP\b[a P\[aV[bR`) 

Eb_ d\_X ]b`UV[T S\_ aUR QRZN[Q` \S ]_RPN_V\b` N[Q Y\d(]NVQ SN`a(S\\Q d\_XR_` P\[aV[bRQ aU_\bTU\ba aUR fRN_) <N`a(S\\Q d\_XR_` P\[aV[bRQ a\ P\ZR a\TRaUR_ b[QR_ aUR ON[[R_ \S aUR CPHa_VXR a\ QRZN[Q N YVcV[T dNTR N[Q `NSR d\_XV[T P\[QVaV\[`) IUR URVTUa \S Y\PXQ\d[ `Nd d\_XR_` S\_PRQ a\ P\\X V[ P_NZ]RQ XVaPUR[`' dUR_R `\PVNY QV`aN[PV[T dN` VZ]\``VOYR) ?[ D\( cRZOR_ -+-+' dR d\_XRQ PY\`RYf dVaU \b_ NYYVR` V[ aUR JH' aUR HR_cVPR ;Z]Y\fRR`o ?[aR_[NaV\[NY J[V\[' N[Q aUR <VTUa S\_ !,0' a\ `b]]\_a aURV_ TY\ONY QNf \S NPaV\[ NTNV[`a `RebNY UN_N``ZR[a V[ aUR SN`a(S\\Q `RPa\_' _b[ Of aUR ?[aR_[NaV\[NY J[V\[ \S <\\Q) L\_XR_` a\\X NPaV\[ V[ ZbYaV]YR P\b[a_VR`' N[Q \b_ ZR``NTR dN` `UN_RQ \[YV[R Of N [bZOR_ \S JA ]N_YVNZR[aN_VN[`) 

?[ AR[fN' dR P\[aV[bRQ a\ d\_X dVaU \b_ ]N_a[R_' AR[fN DNaV\[NY 7YYVN[PR \S Ha_RRa KR[Q\_` N[Q ?[S\_ZNY I_NQR_` %A;D7HK?I&' a\ VZ]YRZR[a aUR SV[NY fRN_ \S \b_ ]_\WRPa ]_\Z\aV[T aUR _VTUa` \S `a_RRa a_NQR_` N[Q V[S\_ZNY d\_XR_`) ?[ 7]_VY -+-+' aUR AR[fN[ T\cR_[ZR[a V[a_\QbPRQ Y\PXQ\d[` V[ _R`]\[`R a\ 9\cVQ(,4' PY\`V[T `a_RRa ZN_XRa` N[Q SN_ZR_` ZN_XRa`' dVaU QRcN`aNaV[T VZ]NPa` \[ aUR YVcR` N[Q YVcRYVU\\Q` \S V[S\_ZNY a_NQR_`) L\_XV[T PY\`RYf dVaU A;D7HK?I' dR NQWb`aRQ \b_ ]_\WRPa aVZRYV[R N[Q NPaVcVaVR` a\ ]_\cVQR `b]]\_a V[ aUR`R QVSSVPbYa N[Q PUN[TV[T PV_PbZ`aN[PR`) LR ReaR[QRQ aUR ]_\WRPa Of S\b_ Z\[aU` a\ TVcR XRf `b]]\_a a\ A;DH7K?I `aNSS Qb_V[T aUR Y\PXQ\d[ ]R_V\Q6 N[Q QRYVcR_RQ a_NV[V[T a\ RZ]\dR_ ZRZOR_` a\ NPPR`` Sbab_R Sb[QV[T S_\Z Y\PNY `\b_PR`) IUR `RYS(SV[N[PV[T T_\b]` R`aNOYV`URQ Of aUR ]_\WRPa UNcR ]YNfRQ N XRf _\YR V[ ]_\cVQV[T RZR_TR[Pf `b]]\_a Qb_V[T aUR Y\PXQ\d[' aU_\bTU _Rc\YcV[T Sb[Q` N[Q m aUN[X` a\ aUR `b]]\_a \S aUR Y\PNY b_ON[ YRNQR_` mURY]V[T V[S\_ZNY d\_XR_` a\ SNPR aUR RP\[\ZVP P_V`V` aUNa UN` `dR]a aUR P\b[a_f) 

## DPM :TWJIT 6WUUWV[3 8VMZOa IVL 9WWL I[ I A]JTQK :WWL 

## GM _WZS \W3 

- ]_\Z\aR N n@b`aVPR I_N[`VaV\[o aUNa PR[a_R` aUR _RNYVaVR` N[Q aUR QRZN[Q` \S ]R\]YR` \S aUR =Y\ONY H\baU N[Q aURV_ PNYY` S\_ S\\Q N[Q R[R_Tf a\ OR ]N_a \S aUR =Y\ONY 9\ZZ\[`' N` N `\YbaV\[ a\ aUR P_V`V` \S PYVZNaR N[Q V[R^bNYVaf6 

- PUNYYR[TR aUR _\YR \S Rea_NPaVcR V[Qb`a_VR` V[ Q_VcV[T PYVZNaR N[Q R[cV_\[ZR[aNY V[Wb`aVPR`' N[Q NQc\PNaR S\_ ]\YVPVR` aUNa TbN_N[aRR RcR_f\[R aUR _VTUa a\ S\\Q N[Q R[R_Tf6 

- PNZ]NVT[ S\_ YNd` N[Q ]\YVPVR` aUNa R`aNOYV`U R[R_Tf N[Q S\\Q N` N ]bOYVP T\\Q6 

- P\ZONa aUR T_RR[dN`UV[T \S Rea_NPaV\[ S\_ _R[RdNOYR R[R_Tf N[Q PNZ]NVT[ a\ `a\] aUR [Rd dNcR \S ZRaNY Rea_NPaV\[6 

- PNZ]NVT[ S\_ YNd` N[Q ]\YVPVR` aUNa R[`U_V[R S\\Q N` N UbZN[ _VTUa N[Q aNXR NdNf aUR `\PVNY YVPR[PR \S aUR OVT NT_VOb`V[R`` P\Z]N[VR`6 

FNTR ,/ 



%&1 /. %&.2 

## 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

- QRcRY\] ]N_a[R_`UV]` dVaU \_TN[V`NaV\[` N[Q Z\cRZR[a` _R`V`aV[T YN[Q T_NO`' N[Q Re]\`R aUR P\_]\_NaR NPa\_` V[c\YcRQ6 

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FNTR ,0 



## %&1 /. %&.2 

## 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

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FNTR ,1 



%&1 /. %&.2 

7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

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FNTR ,2 



%&1 /. %&.2 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## /DGC>D>EJ:JBFE F? JA> 6JH:J>@B< 4C:E &$&$#&' 

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## 7A> 9>:H (A>:= Q 4HBFHBJB>I ?FH &$&%#&& 

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## @]Z OWIT[ NWZ +)+*(++ IZM3 

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FNTR ,3 



%&1 /. %&.2 7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## -BE:E<B:C 5>LB>M 

## <VKWUM 

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FNTR ,4 



## %&1 /. %&.2 

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## 8`XMVLQ\]ZM 

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## 9]VL[ 

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## 4AE9FGE=7G98 +HA8F 

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FNTR -+ 



%&1 /. %&.2 

7[[bNY GR]\_a N[Q <V[N[PVNY HaNaRZR[a S\_ aUR fRN_ R[QRQ ., CN_PU -+-, 

## 29FGE=7G98 +HA8F 

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## )9F=;A5G98 +HA8F 

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FNTR -, 



%&1 /. %&.2 

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## 3=;A=:=75AG 9I9AGF G<5G <5I9 5::97G98 C9E:BE@5A79 

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## -AI9FG@9AG C9E:BE@5A79 

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FNTR -- 



War on Want
Annual Report and Financial Sratement for the year ended 31 March 2021
Statement of Trustees, Responsibilities
The trustees (who are also directors of War on Want for the purposes of company law) are
responsible for preparing the Trustees, Report and the financial statsments in accordance with
Ipplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Actounting Practi¢e) including FRS 102, the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland.
Company law requires trustees to prepare financial statements for each financial year which
give a true Ind fair View of the state of the affairs of the charitable company 2nd of the incomingl
outgoing resources and application of resources, intluding the income and expenditure, of the
charitable company for that period. In preparing these 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,.
mike judgements and estimates that are reasonable and pruden¢
srate whÈthÈr applicable UK Accounting Standards have been followed, subjett to
ny material departures disclosed and explained in the financul statements..
prepare the finincial statements on the going Concern basis unless it is inappropriate
to presume that the charitsble company will continue in business.
The trustees are responsible for keeping proper accounting records thar disclose with reason-
ble accurtcy at any time the financial position of the charitable tompany 2nd enable them to
ensure that the financial sratements comply with the Companies Act 2006. They are also re-
sponsible for safeguarding the assets of the charitable Company and hence for taking reasonable
steps for the prevenuon and detection of fraud and other irregulariries.
Disclosure of information to auditors
So far as the trustees are aware, there is no relevant audit information of which che company's
auditors are unaware. The trusrees have taken all the steps thai ¢hey oughr to have taken as
trustèes in order to make themselves aware of any relÈv&nt audir information and co establish
that the company's auditors are aware of Ihat information.
Auditors
Moore Kingston Smith LLP have indicated their willingness to continue in office and in ac¢ord-
ance with the provisions of the Companies Act it is proposed that they be re-app0ln￿d audicors
for the ensuing year.
By order of the Council of Management
Norina O'Hare
Chair
Page 23

## INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT 

## Opinion 

We have audited the financial statements of War on Want (‘the company’ for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- ! give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- ! have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- ! have been prepared in accordance with the requirements of the Companies Act 2006. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the Corporation in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. 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 events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. 

## Other information 

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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. 

In connection with our audit of the financial statements, 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 this regard. 

Page 24 



INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT 

## Opinions on other matters prescribed by the Companies Act 2006 

In our opinion, based on the work undertaken in the course of the audit: 

- ! the information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- ! the trustees’ annual report have been prepared in accordance with applicable legal requirements. 

## Matters on which we are required to report by exception 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- ! adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- ! the financial statements are not in agreement with the accounting records 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 financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and from preparing a Strategic Report. 

## Responsibilities of trustees 

As explained more fully in the trustees’ responsibilities statement set out on page 23, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 necessary 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 company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## Auditor’s responsibilities for the audit of the financial statements 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. 

## Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud 

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. 

Page 25 



INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON 

## WANT 

However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. 

Our approach was as follows: 

- ! We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, UK financial reporting standards as issued by the Financial Reporting Council and UK taxation legislation. 

- ! We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance. 

- ! We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance. 

- ! We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations. 

- ! Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. 

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also: 

- ! Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 

- ! Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charitable company’s internal control. 

- ! Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. 

- ! Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. 

- ! Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 

Page 26 



## INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT 

## Use of our report 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’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 any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


James Saunders (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor 

Devonshire House 60 Goswell Road London EC1M 7AD 

Date: 17 December 2021 

Page 27 



## %&1 /. %&.2 

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)0- 459-8 54 6*/-8 #" 95 $$ .573 6*79 5. 90-8- *++5:498! 

FNTR -3 



War on Want
Annual Report and Financial Sratement for the year ended 31 March 2021
Balance Sheet
Notes
2021
2020
Fixed A55ets
Tawble 3S5ets
Investments
12
723,721
673,683
752,800
563,627
13
1397 404
1316427
Current Assets
Stock5
Debtor5
Cash at bank and in hand
14
5.668
300,391
1132,393
1,438,452
5.668
370,196
951,718
1,327,582
15
Liabilities:
Creditors falling due wthin one yèar
16
1110,6041
164,2371
Net Current Assets
1327 848
1263 345
Total Net Assets
2 725 252
2 579 772
The Funds of the Charity.
unrestr1c￿d fund5
Designated funds
Restricted funds
17
17
17
1,396,536
729,489
599,227
1.237,633
761,300
580.839
Total Charity Funds
2 725 252
2 579 772
The financial statements on page$ 28 to 44 were approved by the trustees on 2nd September 2021
and signed on their behalf by-.
N (YHare
Chair
Roger McKenzie
Treasurer
Company registrauon number-. 629916
Page 29

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FNTR .+ 



%&1 /. %&.2 D\aR` a\ aUR <V[N[PVNY HaNaRZR[a` ., CN_PU -+-, 

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## A" 2OMPANX STATUS 

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## B" 1ASIS OF PREPARATION 

FSP QTYLYNTLW ^_L_PXPY_^ SLaP MPPY []P[L]PO TY LNNZ]OLYNP bT_S 4NNZ`Y_TYR LYO DP[Z]_TYR Md 6SL]T_TP^3 E_L_PXPY_ ZQ DPNZXXPYOPO C]LN_TNP L[[WTNLMWP _Z NSL]T_TP^ []P[L]TYR _SPT] LNNZ`Y_^ TY LNNZ]OLYNP bT_S _SP 9TYLYNTLW DP[Z]_TYR E_LYOL]O L[[WTNLMWP TY _SP G> LYO DP[`MWTN ZQ <]PWLYO 6SL]T_TP^ EBDC $9DE *)+% TYNW`OTYR `[OL_P M`WWP_TY +& _SP 9TYLYNTLW DP[Z]_TYR E_LYOL]O L[[WTNLMWP TY _SP GYT_PO >TYROZX LYO DP[`MWTN ZQ <]PWLYO $9DE *)+%& _SP 6SL]T_TP^ 4N_ +))/ LYO 6ZX[LYTP^ 4N_ +)*/( 

FSP 6SL]T_LMWP NZX[LYd XPP_^ _SP OPQTYT_TZY ZQ L [`MWTN MPYPQT_ PY_T_d `YOP] 9DE *)+( 4^^P_^ LYO WTLMTWT_TP^ L]P TYT_TLWWd ]PNZRYT^PO L_ ST^_Z]TNLW NZ^_ Z] _]LY^LN_TZY aLW`P `YWP^^ Z_SP]bT^P ^_L_PO TY _SP ]PWPaLY_ LNNZ`Y_TYR [ZWTNd YZ_P^( 

FSP QTYLYNTLW ^_L_PXPY_^ L]P []P[L]PO TY ^_P]WTYR& bSTNS T^ _SP Q`YN_TZYLW N`]]PYNd ZQ _SP 6SL]T_d& LYO ]Z`YOPO _Z _SP YPL]P^_ [Z`YO( 

## C" 6OING 2ONCERN 

FSP _]`^_PP^ SLaP L^^P^^PO bSP_SP] _SP `^P ZQ _SP RZTYR NZYNP]Y ML^T^ T^ L[[]Z[]TL_P LYO SLaP NZY^TOP]PO [Z^^TMWP PaPY_^ Z] NZYOT_TZY^ _SL_ XTRS_ NL^_ ^TRYTQTNLY_ OZ`M_ ZY _SP LMTWT_d ZQ _SP NSL]T_LMWP NZX[LYd _Z NZY_TY`P L^ L RZTYR NZYNP]Y( 

FSP _]`^_PP^ SLaP RTaPY O`P NZY^TOP]L_TZY QZ] _SP PQQPN_^ ZQ _SP 6ZaTO'*2 Z`_M]PLV& bSTNS ZNN`]]PO MPQZ]P _SP^P QTYLYNTLW ^_L_PXPY_^ bP]P ^TRYPO( FST^ L^^P^^XPY_ SL^ LW^Z TYNW`OPO L [Z_PY_TLW WZ^^ ZQ TYNZXP L^ L NZY^P\`PYNP ZQ 6ZaTO'*2( FSP _]`^_PP^ SLaP XLOP _ST^ L^^P^^XPY_ QZ] L [P]TZO ZQ L_ WPL^_ ZYP dPL] Q]ZX _SP OL_P ZQ L[[]ZaLW ZQ _SP QTYLYNTLW ^_L_PXPY_^( <Y [L]_TN`WL]& _SP _]`^_PP^ SLaP NZY^TOP]PO _SP NSL]T_LMWP NZX[LYdj^ QZ]PNL^_^ LYO []ZUPN_TZY^ LYO SLaP _LVPY LNNZ`Y_ ZQ []P^^`]P^ ZY OZYL_TZY LYO R]LY_ TYNZXP( 

FSP NSL]T_d T^ WL]RPWd ^SPW_P]PO Q]ZX _SP Pc[PN_PO PQQPN_^ ZQ _ST^ O`P _Z T_^ WZdLW OZYZ] ML^P LYO L ^TRYTQTNLY_ WPRLNd [T[PWTYP& LW_SZ`RS []ZUPN_^ LYO LN_TaT_TP^ SLaP MPPY N`]_LTWPO L^ L ]P^`W_ ZQ _SP ]P^_]TN_TZY ZY _]LaPW( 4YY`LW M`ORP_^ SLaP MPPY ]PaT^PO _LVTYR _ST^ TY_Z LNNZ`Y_ bT_S []`OPY_ QTR`]P^ QZ] MZ_S TYNZXP LYO Pc[PYOT_`]P LYO _SP NSL]T_d SZWO^ ^TRYTQTNLY_ ]P^P]aP^ LYO SL^ WT\`TO L^^P_^ TY _SP QZ]X ZQ NL^S SPWO TY ^SZ]_ _P]X OP[Z^T_^( 

FSP _]`^_PP^ SLaP NZYNW`OPO _SL_& TY WTYP bT_S _SP ]P^P]aP^ [ZWTNd LYO NL^S WT\`TOT_d ]P\`T]PXPY_^ ZQ _SP NSL]T_d& _SP]P T^ L ]PL^ZYLMWP Pc[PN_L_TZY _SL_ _SP NSL]T_LMWP NZX[LYd SL^ LOP\`L_P ]P^Z`]NP^ _Z NZY_TY`P TY Z[P]L_TZYLW PcT^_PYNP QZ] _SP QZ]P^PPLMWP Q`_`]P( FSP NSL]T_LMWP NZX[LYd _SP]PQZ]P NZY_TY`P^ _Z LOZ[_ _SP RZTYR NZYNP]Y ML^T^ TY []P[L]TYR T_^ QTYLYNTLW ^_L_PXPY_^( 

## D" 7NCOME 

4WW TYNZXP T^ ]PNZRYT^PO bSPY _SP]P T^ PY_T_WPXPY_ _Z _SP Q`YO^& _SP ]PNPT[_ T^ []ZMLMWP& LYO _SP LXZ`Y_ NLY MP XPL^`]PO ]PWTLMWd( 

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%&1 /. %&.2 D\aR` a\ aUR <V[N[PVNY HaNaRZR[a` ., CN_PU -+-, 

?PRLNTP^ L]P ]PNZRYT^PO QZWWZbTYR []ZML_P LYO ZYNP _SP]P T^ ^`QQTNTPY_ PaTOPYNP _SL_ ]PNPT[_ T^ []ZMLMWP& LYO _SP LXZ`Y_ ZQ _SP WPRLNd ]PNPTaLMWP NLY MP XPL^`]PO ]PWTLMWd( ISP]P PY_T_WPXPY_ _Z L WPRLNd PcT_^ M`_ _SP]P T^ `YNP]_LTY_d L^ _Z T_^ ]PNPT[_ Z] _SP LXZ`Y_ ]PNPTaLMWP& OP_LTW^ L]P OT^NWZ^PO L^ L NZY_TYRPY_ L^^P_ `Y_TW _SP N]T_P]TL QZ] TYNZXP ]PNZRYT_TZY L]P XP_( 

## E" 4WPENDITURE 

?TLMTWT_TP^ L]P ]PNZRYT^PO ZYNP _SP]P T^ L WPRLW Z] NZY^_]`N_TaP ZMWTRL_TZY _Z _]LY^QP] PNZYZXTN MPYPQT_ _Z L _ST]O [L]_d& T_ T^ []ZMLMWP _SL_ L _]LY^QP] ZQ PNZYZXTN MPYPQT_^ bTWW MP ]P\`T]PO TY ^P__WPXPY_ LYO _SP LXZ`Y_ ZQ _SP ZMWTRL_TZY NLY MP XPL^`]PO ]PWTLMWd( 4WW Pc[PYOT_`]P T^ LNNZ`Y_PO QZ] ZY LY LNN]`LW^ ML^T^ LYO SL^ MPPY NWL^^TQTPO `YOP] SPLOTYR^ _SL_ LRR]PRL_P LWW NZ^_^ ]PWL_PO _Z _SP NL_PRZ]d( 8c[PYOT_`]P TYNW`OP^ L__]TM`_LMWP H4F bSTNS NLYYZ_ MP ]PNZaP]PO( CLdXPY_^ _Z [L]_YP] Z]RLYT^L_TZY^ LYO Z_SP] Pc[PYOT_`]P ZY Z[P]L_TZYLW []ZR]LXXP^ L]P LNNZ]OTYRWd ]PNZRYT^PO TY _SP [P]TZO TY bSTNS _SPd L]P TYN`]]PO( 

## F" 0LLOCATION OF OVERHEAD AND SUPPORT COSTS 

BaP]SPLO& ^`[[Z]_ LYO RZaP]YLYNP NZ^_^ L]P LWWZNL_PO MP_bPPY _SP NZ^_ ZQ ]LT^TYR Q`YO^ LYO NSL]T_LMWP LN_TaT_TP^( BaP]SPLO& ^`[[Z]_ LYO RZaP]YLYNP NZ^_^ ]PWL_TYR _Z NSL]T_LMWP LN_TaT_TP^ SLaP MPPY L[[Z]_TZYPO MP_bPPY LN_TaT_TP^ LYO SLaP MPPY LWWZNL_PO _Z LN_TaT_d NZ^_ NL_PRZ]TP^ ZY L ML^T^ NZY^T^_PY_ bT_S _SP `^P ZQ ]P^Z`]NP^& QZ] PcLX[WP& LWWZNL_TYR ZQQTNP NZ^_^ [P] NL[T_L& ^_LQQ NZ^_^ Md _TXP ^[PY_ LYO Z_SP] NZ^_^ Md _SPT] `^LRP( 

## G" 2OMMUNICATIONS COSTS 

6ZXX`YTNL_TZY^ NZ^_^ PcNW`OP Q`YO]LT^TYR NZXX`YTNL_TZY^& M`_ TYNW`OP _SZ^P QZ] _SP bPM^T_P& Z`] YPb^WP__P]& LYO G[ 9]ZY_& bSTNS TYQZ]X _SP [`MWTN ZQ Z`] LN_TaT_TP^ ZaP]^PL^ LYO TY _SP G>( FSP NZ^_^ QZ] _SP^P LN_TaT_TP^ SLaP MPPY L[[Z]_TZYPO MP_bPPY _SP <Y_P]YL_TZYLW C]Z' R]LXXP^ LYO 6LX[LTRY^ OP[L]_XPY_^ ZY _SP ML^T^ ZQ ^_LQQ NZ^_^( 

## H" 2OSTS OF RAISING FUNDS 

FSP NZ^_^ ZQ RPYP]L_TYR Q`YO^ NZY^T^_ ZQ TYaP^_XPY_ XLYLRPXPY_ QPP^& LYO _SP NZ^_^ ZQ ]LT^TYR Q`YO^ TYNW`OTYR LY L[[Z]_TZYXPY_ ZQ ZaP]SPLO& ^`[[Z]_ LYO RZaP]YLYNP NZ^_^( 

## I" 2HARITABLE ACTIVITIES 

2AMPAIGNS/ Z`] NLX[LTRYTYR bZ]V TY _SP G> LYO 8`]Z[P T^ ^[WT_ TY_Z _bZ _SPXL_TN L]PL^& :WZMLW =`^_TNP LYO 8NZYZXTN =`^_TNP( 

7NTERNATIONAL <ROGRAMMES/ Z`] bZ]V bT_S [L]_YP] Z]RLYT^L_TZY^ TY _SP RWZMLW EZ`_S T^ ^[WT_ TY_Z QZ`] _SPXL_TN L]PL^& 9ZZO =`^_TNP& <YQZ]XLW 8NZYZXd& IZ]VP]^j DTRS_^ LYO 8c_]LN_TaP^ " 6ZYQWTN_ KZYP^( 

6Z^_^ ZQ NSL]T_LMWP LN_TaT_TP^ TYNW`OP OT]PN_ NZ^_^ LYO LY L[[Z]_TZYXPY_ ZQ ZaP]SPLO& ^`[[Z]_ LYO RZaP]YLYNP NZ^_^( 

## J" 2APITALISATION AND DEPRECIATION OF TANGIBLE FIWED ASSETS 

7P[]PNTL_TZY T^ []ZaTOPO ZY LWW _LYRTMWP QTcPO L^^P_^ PcNP[_ Q]PPSZWO WLYO ^Z L^ _Z b]T_P _SPX ZQQ ZaP] _SPT] LY_TNT[L_PO `^PQ`W WTaP^ L_ _SP QZWWZbTYR LYY`LW ]L_P^3 

?ZYR WPL^PSZWO C]PXT^P^ ]PQ`]MT^SXPY_ $XLUZ]% 9`]YT_`]P& QTc_`]P^& LYO P\`T[XPY_ 6ZX[`_P] P\`T[XPY_ @LUZ] NZX[`_P] ^ZQ_bL]P 

+! ZY L ^_]LTRS_'WTYP ML^T^ *)! ZY L ^_]LTRS_'WTYP ML^T^ +.! ZY L ^_]LTRS_'WTYP ML^T^ ,,(,,! ZY L ^_]LTRS_'WTYP ML^T^ +)! ZY L ^_]LTRS_'WTYP ML^T^ 

FLYRTMWP QTcPO L^^P_^ ZaP] f+.) L]P NL[T_LWT^PO( 

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%&1 /. %&.2 D\aR` a\ aUR <V[N[PVNY HaNaRZR[a` ., CN_PU -+-, 

## K" 5INANCIAL 7NSTRUMENTS 

## 7NVESTMENTS 

<YaP^_XPY_^ L]P L QZ]X ZQ ML^TN QTYLYNTLW TY^_]`XPY_ LYO L]P TYT_TLWWd ]PNZRYT^PO L_ _SPT] _]LY^LN_TZY aLW`P LYO ^`M^P\`PY_Wd XPL^`]PO L_ _SPT] QLT] aLW`P L^ L_ _SP MLWLYNP ^SPP_ OL_P `^TYR _SP NWZ^TYR \`Z_PO XL]VP_ []TNP( DPLWT^PO LYO `Y]PLWT^PO RLTY^ LYO WZ^^P^ ZY TYaP^_XPY_^ L]P OPLW_ bT_S TY _SP E_L_PXPY_ ZQ 9TYLYNTLW 4N_TaT_TP^( EZXP ZQ _SP TYaP^_XPY_ TYNZXP Q]ZX OTaTOPYO^ LYO OT^[Z^LW^ L]P ]PTYaP^_PO TY _SP ]PWPaLY_ Q`YO^( 

## 2ASH AND CASH EQUIVALENTS 

6L^S LYO NL^S P\`TaLWPY_^ TYNW`OP NL^S L_ MLYV^ LYO TY SLYO LYO ^SZ]_'_P]X OP[Z^T_^ bT_S L XL_`]T_d OL_P ZQ _S]PP XZY_S^ Z] WP^^( 

## 3EBTORS AND CREDITORS 

7PM_Z]^ LYO N]POT_Z]^ ]PNPTaLMWP Z] [LdLMWP bT_STY ZYP dPL] ZQ _SP ]P[Z]_TYR OL_P L]P NL]]TPO L_ _SPT] _]LY^LN_TZY []TNP( 7PM_Z]^ LYO N]POT_Z]^ _SL_ L]P ]PNPTaLMWP Z] [LdLMWP TY XZ]P _SLY ZYP dPL] LYO YZ_ ^`MUPN_ _Z L XL]VP_ ]L_P ZQ TY_P]P^_ L]P XPL^`]PO L_ _SP []P^PY_ aLW`P ZQ _SP Pc[PN_PO Q`_`]P ]PNPT[_^ Z] [LdXPY_ OT^NZ`Y_PO L_ L XL]VP_ ]L_P ZQ TY_P]P^_( 

- L" >TOCK 

E_ZNV T^ aLW`PO L_ _SP WZbP] ZQ NZ^_ Z] YP_ ]PLWT^LMWP aLW`P LQ_P] XLVTYR O`P LWWZbLYNP QZ] LYd ZM^ZWP_P Z] ^WZb'XZaTYR T_PX^( 

## M" 5UND ACCOUNTING 

FSP 6Z`YNTW SLaP ]PaTPbPO _SP NSL]T_dj^ YPPO QZ] ]P^P]aP^ TY WTYP bT_S _SP R`TOLYNP T^^`PO Md _SP 6SL]T_d 6ZXXT^^TZY( FSPd SLaP PcLXTYPO _SP Q`_`]P YPPO^ ZQ _SP NSL]T_d LYO L^ L[[]Z[]T' L_P SLaP ^P_ L^TOP OP^TRYL_PO Q`YO^ _Z XPP_ _SZ^P YPPO^( 

9`YO^ SPWO Md _SP NSL]T_d L]P L^ QZWWZb^3 

#,.'/0.*%0'& )','.$+ (1,&/ 4 _SP^P L]P Q`YO^ bSTNS NLY MP `^PO TY LNNZ]OLYNP bT_S _SP NSL]T_LMWP ZMUPN_^ L_ _SP OT^N]P_TZY ZQ _SP _]`^_PP^( FSP _]`^_PP^ SLaP N]PL_PO L DP^P]aP^ CZWTNd OP^TRYPO _Z []Z_PN_ _SP Z]RLYT^L_TZY LRLTY^_ L]PL^ XPY_TZYPO TY Z`] ]T^V ]PaTPb LWZYR bT_S `YPc[PN_PO QLWW^ TY TYNZXP& `Y[WLYYPO TYN]PL^P^ TY Pc[PYOT_`]P& ]P[`_L_TZYLW ]T^V^ LYO `YPc[PN_PO QW`N_`L' _TZY^ TY PcNSLYRP ]L_P^( 

#,.'/0.*%0'& .'2$+1$0*-, .'/'.2' i _ST^ T^ L Q`YO `^PO _Z XZYT_Z] N`X`WL_TaP RLTY^ LYO WZ^^P^ LRLTY^_ Z`] TYaP^_XPY_ L^^P_^( 

!'/*),$0'& (1,&/ i _SP^P L]P Q`YO^ ^P_ L^TOP Md _SP _]`^_PP^ Q]ZX _SP `Y]P^_]TN_PO RPYP]LW Q`YO^ QZ] ^[PNTQTN Q`_`]P [`][Z^P^ Z] ^_]L_PRTN []ZUPN_^( 

"'/0.*%0'& (1,&/ 4 _SP^P L]P Q`YO^ _SL_ NLY ZYWd MP `^PO QZ] ]P^_]TN_PO [`][Z^P^ bT_STY _SP ZMUPN_^ ZQ _SP NSL]T_d( DP^_]TN_TZY^ L]T^P bSPY ^[PNTQTPO Md _SP OZYZ] Z] bSPY Q`YO^ L]P ]LT^PO QZ] [L]_TN`WL] ]P^_]TN_PO [`][Z^P^( 

## N" 5OREIGN CURRENCX 

F]LY^LN_TZY^ TY QZ]PTRY N`]]PYNTP^ L]P _]LY^WL_PO L_ ]L_P^ []PaLTWTYR L_ _SP OL_P ZQ _SP _]LY^LN' _TZY( 5LWLYNP^ OPYZXTYL_PO TY QZ]PTRY N`]]PYNTP^ L]P _]LY^WL_PO L_ _SP ]L_P ZQ PcNSLYRP []P' aLTWTYR L_ _SP dPL] PYO( 

## O" <ENSION COSTS 

FSP NSL]T_d N`]]PY_Wd NZY_]TM`_P^ _Z L R]Z`[ [P]^ZYLW [PY^TZY ^NSPXP Z] Z_SP] P\`TaLWPY_ [P]^ZYLW [PY^TZY L]]LYRPXPY_^ ZY MPSLWQ ZQ PWTRTMWP PX[WZdPP^( 6ZY_]TM`_TZY^ [LdLMWP L]P NSL]RPO _Z _SP EB94 L^ _SPd L]P XLOP( 

- P" 8EASES 

B[P]L_TYR WPL^P ]PY_LW^ L]P NSL]RPO _Z _SP EB94 TY P\`LW LYY`LW LXZ`Y_^ ZaP] _SP WPL^P _P]X( 

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- Q" 2RITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT 

   - <Y _SP aTPb ZQ _SP _]`^_PP^ TY L[[WdTYR _SP LNNZ`Y_TYR [ZWTNTP^ LOZ[_PO& YZ U`ORPXPY_^ bP]P ]P\`T]PO _SL_ SLaP L ^TRYTQTNLY_ PQQPN_ ZY _SP LXZ`Y_^ ]PNZRYT^PO TY _SP QTYLYNTLW ^_L_PXPY_^ YZ] OZ LYd P^_TXL_P^ Z] L^^`X[_TZY^ XLOP NL]]d L ^TRYTQTNLY_ ]T^V ZQ XL_P]TLW LOU`^_XPY_ TY _SP YPc_ QTYLYNTLW dPL]( 

## )% 7WVI\QWV[ IVL TMOIKQM[ 

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## AFBR TO *( :BRDI )')' 

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## /% 4VITa[Q[ WN [\INN KW[\[ 

|>TAFF COSTS INCLUDE THE FOLLOWING0<br>KMSQ_ MZP _MXM^UQ_<br>G[OUMX _QOa^U`e O[_`_<br>EQZ_U[Z O[_`_|)')(<br>Y<br>)')'<br>Y<br>221&+/2<br>1+1&/+/<br>3+&221<br>1,&30.<br>/,&2--<br>.3&.+-|
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||'#-,'#&/,<br>'#(*&#)(.<br>!/.(#/,("<br>$ !'/#+(/"<br>'#//.#/))|



## 2NBLYSJS OG RFSTRJDTFE GUNE MOVFMFNTS 

|=ESTRICTED FUNDS \ )' :ARCH (&('|1T ' 1PRIL|||1T )' :ARCH|
|---|---|---|---|---|
||(&(&|7NCOME|4XPENDITURE|(&('|
||Z|Z|Z|Z|
|<ROGRAMMES BY ?HEME|||||
|)672-78@ '1/098|||||
|%=;82 -4:845# .A?44A C4<3=?@ ?867A@ 8< (4<F1|-.&1/-|+*&*.1|..&2**|'|
|,>4< .=284AF '=B<31A8=< I .?8 )1<91|'|/,&-12|,.&*,3|,2&-.3|
|%66, (6;-7-1/59=|||||
|,>4< .=284AF '=B<31A8=<|3.+|$,*.%|1-1|'|
|01A4?:== '=B<31A8=<|'|/3&***|+.&10*|..&,.*|
|,A74? '==3 .=C4?486<AF 5B<38<6|+-&002|/&***|+*&/*2|2&+0*|



CLRP -+ 



## %&1 /. %&.2 

## D\aR` a\ aUR <V[N[PVNY HaNaRZR[a` ., CN_PU -+-, 

|=ESTRICTED FUNDS \ )' :ARCH (&('<br>&5.674*3 $+6564=<br>%=;82 -4:845# .:B; 3D4::4?@ 7=B@8<6 ?867A@ 8< .$ /<8C4?@8AF =5 .B@@4E -4@41?27<br>$<97*+91;184" '-86:7+-8 ! #65.31+9<br>%7?8@A81< $83<br>+4AD=?9 5=? .=281: %71<64<br>*%. '=B<31A8=<<br>,A74? &EA?12A8C8@;" -4@=B?24@ ! %=<5:82A 5B<38<6<br>2AMPAIGNS AND <OLICY<br>:O[Z[YUO ?a_`UOQ<br><X[NMX ?a_`UOQ<br>8DE,0 8[MXU`U[Z<br>7a^P[Z " 7X[OWXQe BQY[^UMX RaZP<br>8[ZPaU` ;aZPUZS<br>=ESTRICTED FUNDS \ )' :ARCH (&(&<br><ROGRAMMES BY ?HEME<br>)672-78@ '1/098<br>%=;82 -4:845# .A?44A C4<3=?@ ?867A@ 8< (4<F1<br>,A74? 0=?94?J@ -867A@ 5B<38<6<br>%66, (6;-7-1/59=<br>,>4< .=284AF '=B<31A8=<<br>,A74? '==3 .=C4?486<AF 5B<38<6<br>&5.674*3 $+6564=<br>%=;82 -4:845# .:B; 3D4::4?@ 7=B@8<6 ?867A@ 8< .$ /<8C4?@8AF =5 .B@@4E -4@41?27<br>$<97*+91;184" '-86:7+-8 ! #65.31+9<br>%7?8@A81< $83<br>,A74? &EA?12A8C8@;" -4@=B?24@ ! %=<5:82A 5B<38<6<br>2AMPAIGNS AND <OLICY<br>:O[Z[YUO ?a_`UOQ<br><X[NMX ?a_`UOQ<br>7a^P[Z " 7X[OWXQe BQY[^UMX RaZP||1T ' 1PRIL<br>(&(&<br>Z<br>7NCOME<br>Z<br>4XPENDITURE<br>Z<br>1T )' :ARCH<br>(&('<br>Z<br>31&+--<br>++,&,*,<br>+.0&1+2<br>0,&0+1<br>,&.3/<br>'<br>'<br>,&.3/<br>,&3+-<br>-&13+<br>0&1*.<br>'<br>1&0+3<br>'<br>1&0+3<br>'<br>+2&-++<br>2&../<br>,-&///<br>-&,*+<br>/-<br>,/&131<br>,/&2/*<br>'<br>+./&2-3<br>+3&-+-<br>31&/32<br>01&//.<br>+-*&-,.<br>--+&.,-<br>,*1&,3-<br>,/.&.//<br>13&*23<br>/*&3+.<br>/,&-**<br>11&1*-<br>.1&033<br>'<br>+*&***<br>-1&033<br>'<br>,3&***<br>+0&,.0<br>+,&1/.|
|---|---|---|
|||+.&#.)-<br>-&-#'&,<br>!,..#-'-"<br>+//#((-|
|||1T '<br>1PRIL<br>(&'/<br>Z<br>7NCOME<br>Z<br>4XPENDITURE<br>Z<br>1T )' :ARCH<br>(&(&<br>Z<br>,1&,/2<br>+.2&13*<br>+.+&,3/<br>-.&1/-<br>3&,+3<br>$2&..0%<br>11-<br>'<br>,1&,3,<br>11&-,,<br>+*-&01,<br>3.,<br>+0&2,*<br>.*2<br>-&/0*<br>+-&002<br>32&01.<br>+.*&**1<br>+.+&/.2<br>31&+--<br>++&23+<br>.,&32.<br>/,&-13<br>,&.30<br>.&+3+<br>+0&121<br>+2&*0/<br>,&3+-<br>+&12*<br>//&.2*<br>-+&,10<br>,/&32.<br>/1&.,3<br>,0,&-+*<br>+1-&3*,<br>+./&2-1<br>'<br>,1.&-02<br>0.&3/.<br>,*3&.+.<br>.1&033<br>'<br>'<br>.1&033|
|||)&(#(+)<br>'#&'&#&'&<br>!-)'#*(*"<br>+.&#.)/|



CLRP -, 



## %&1 /. %&.2 D\aR` a\ aUR <V[N[PVNY HaNaRZR[a` ., CN_PU -+-, 

## (/%  <PFRBTJNH LFBSF DOMMJTMFNTS 

1W )' <EUGL (&('# DEU SR DERW LEH WLI JSPPSZMRK QMRMQXQ PIEVI TE\QIRWV XRHIU RSR$GERGIPPEFPI STIUEWMRK PIEVIV ZLMGL JEPP HXI EV JSPPSZV0 

||)')(|)')'|
|---|---|---|
||Y|Y|
|5[TMU\ HEWI0|||
|;IVV WLER SRI \IEU|)#-,,|+#*,(|
|2IWZIIR SRI ERH WZS \IEUV|$|)#-,,|
|2IWZIIR WZS ERH JMYI \IEUV|$|$|



## (0%  4BPJTBL DOMMJTMFNT 

1V SJ )' <EUGL (&('# DEU SR DERW LEH E GETMWEP GSQQMWQIRW SJ ]+#-&& !(&(&0 ].#+&&"% 

## )'%  >FLBTFE PBRTY TRBNSBDTJONS 

< =SYIPPM# WUXVWII# MV EPVS WLI GSRWUEGW VMKREWSU\ JSU E UIVIEUGL TUSNIGW UIGIMYIH JUSQ WLI CRMYIUVMW\ SJ AXVVI[ JSU ]=MP !(&(&0 ]*(#/.*"% 

5 <G:IER# VIRMSU QEREKIQIRW WIEQ# MV E WUXVWII JSU BUEHI 9XVWMGI <SYIQIRW% DEU SR DERW MR E TEUWRIU JSU TUSNIGW JXRHV JSU WLI WLIQEWMG EUIE SJ ZSUO SR BUEHI% ]'/#)') !(&(&0 ]'/#)')"% 

1 @ILQER# I[IGXWMYI HMUIGWSU# MV E WUXVWII SJ 7PSFEP 9XVWMGI =SZ% BLIUI ZIUI RS JXRHV UIGIMYIH MR WLI \IEU WS VXTTSUW ?EUWRIUV% !(&(&0 ]&"% 

1 @ILQER# 5[IGXWMYI 4MUIGWSU# MV TEUW SJ WLI VWIIUMRK KUSXT JSU WLI 3>?(, 3SEPMWMSR ZMWL 6UMIRHV SJ WLI 5EUWL# AGSWPERH% DEU SR DERW MV E UIGMTMIRW SJ TUSNIGW JXRHV JSU ZSUO SR 3PMQEWI 9XVWMGI MR (&(' ]+&#/'* !(&(&0 ]-/#&/."% 

CLRP --