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2021-09-30-accounts

2021 2020
Income —Total: 81,484,036 Gifts 77.7'/o 73 9o/o
Legacies 22 Oo/o 25 4o/o
Other 0.3'/o 0.7'/o
Expenditure —Total: F1,104,451 Charitable Activity 81.9'/o 84.5'/o
Cost of raising funds 16.8'/o 14 5'/o
Governance costs 1 3o/o 1 0/0

FOR THE YEAR ENDED 30SEP TEMBER 2021 TEMBER 2021
Unrestricted Restncted 2021 Unrestricted Restncted 2020
Funds Funds Total Funds Funds Total
Note
Income from:
Donations 860,093 291,719 1,151,812 818,271 231,280 1,049,551
Legacies
Investments
—interest receivable		 326,561
929		 2,000 328,561
929		 360,003
4,693		 360,003
4,693
Other sources:
Sundry income 1,662 1,662 416 416
Coronavirus
Job Retention
Scheme grant 1 072 1 072
Total income 1190317 293719 1494036 1183383 231280 1414663
Expenditure
on:
Raising funds		 2 185,217 185,217 159,461 159,461
Charitable
activities:		 3
Partner Media Projects
Partnership
Team Costs		 220,081
82 349		 616,804 836,885
82349		 595,817
68137		 273,280 869,097
68 137
Total expenditure 487647 616804 1104451 823415 273280 1096695
Net gains on investments 10365 10365 5262 5262
Net income/(expenditure) 713035 ~323085 389950 365230 ~42 000 323230
Transfers
between
funds		 ~309509 309509
Net movement
in funds		 403,526 (13,576) 389,950 365,230 (42,000) 323,230
Reconciliation
offunds
Funds brought
forward		 2 783550 112130 2 895 680 2418320 154130 2572 450
Funds carded forward

2021 2020
Note
Fixed assets
Tangible fixed assets 248,943 249,336
Current assets
Investments 73,008 62,643
Debtors 148,908 211,955
Cash at bank and in hand 2891563 2 492 829
3,113,479 2,767,427
Creditors: Amounts falling due
within one year 10 76 792 121 083
Net current assets 3036 687 2646 344
Net assets
Restricted funds 12 98,554 112,130
Unrestricted funds
Designated reserve fund 12 1,200,000 1,200,000
General reserve 12 1 987076 1 583 550
3285~

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30SEPTEMBER		 202 1
2021 2020
Cash provided
by operating
activities
(see below)		 400,729 470,980
Cash flows from investing
activities
Purchase oftangible fixed assets
Interest and dividends
received		 (2,924)
929		 (10,344)
4693
Cash provided
by investing
activities		 1 995 (~5651
Net cash inflow 398,734 465,329
Cash and cash equivalents
at 1 October 2020		 2492 529 2 027500
Cash and cash equivalents
at 30September		 2021
Cash flows from operating
activities
Net income forthe year 389,950 323,230
Interest and dividends
included
in investing
Depreciation
Net (gains)/losses
on investments
Decrease/(Increase)
in debtors
(Decrease)/Increase
in creditors		 activities (
929)
3,317
( 10,365)
63,047
~44 291		 (
4,693)
2,586
(
5,262)
166,755
~11636
Cash provided
by operating
activities

GOVERNANCE COS TS
2021 2020
Affiliations 4,882 3,762
Auditors
remuneration		 for audit services 7,200 7,200
Auditors
remuneration		 for accountancy services 3,600
Board meeting costs 4 191 1 268
~1
6 STAFF COSTS 2021 2020
E
Wages and salaries
Social security
Employer
contribution
to defined
Other employee
benefits		 contribution pension schemes 266,688
22,203
19,777		 243,859
19,679
14,924
8767
Other employee benefits comprise termination payments of Fnil (2020f8,767).
Average
number ofemployees
Partnership
Team
Support		 during the year 1.0
7.0		 1.0
6.0
ILQ ZQ

Freehold Furniture,
property equipment
&IT		 Total
E E 8
Cost
At 1 October 2020 257,578 18,939 276,517
Additions 2,924 2,924
Disposals
At 30September 2021 257578 21 863 279441
Depreciation
At 1 October 2020 16,000 11,181 27,181
Charge for the year 3,317 3,317
Released on disposal
At 30September 2021 16000 14498 30498
Net book value
At 30September 2021		 ~44
At 30September 2020
8 INVESTMENTS
Listed investments
on the		 UK Stock Exchange:
2021 2020
Valuation
At 1 October 2020 62,643 57,381
Revaluation
in year
At 30September 2021		 10365 5262
~4
9 DEBTORS
2021 2020
E
Tax recoverable 12,554 65,398
Sundry debtors 48,650 64,202
Legacies receivable 87704 82355
10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021f 2020
Other creditors 11,786 9,513
Other taxes and social security costs 6,815 6,604
Accruals and deferred income 58 191 104966

FUND STATEMENT
2021
Brought Income Expenditure Transfers Carried
Forward
f		 Forward
f
Restricted funds 112,130 293,719 (616,804) 309,509 98,554
Unrestricted
funds
Designated
reserve fund
General reserve
Total unrestricted
funds		 1,200,000
1 583550
2 783 550		 1 200 682
1 20D 682		 (~487647
(~487 647		 ~309 509
~309 509		 1,200,000
1 987 076
3187076
Total funds 2JSRGGQ ~4L491 (~1M5~1 ~~Q
2020
Brought Income Expenditure Transfers Carried
Forward
f		 f f Forward
f
Restricted tunds 154,130 231,280 (273,280) 112,130
Unrestricted
funds
Designated
reserve fund
General reserve		 2418320 1 188845 (~823415 1,200,000
~(200 DDD		 1,200,000
1 58355D
Total unrestricted
funds		 2 418320 1 188645 (~823415 2 783 550
Total funds

ANALYSIS OF NET ASSETS Creditors:
Fixed Current due within 2021
assets assets one year Total
Unrestricted 248,943 3,014,925 (76,792) 3,187,076
Restricted 98554 98554
2222 ~47 ~77
Creditors:
Fixed Current due within 2020
assets assets one year
f		 Total
Unrestricted 249,336 2,655,297 (121,083) 2,783,550
Restricted 112130 112130
2.ZIL7427
GRANTS
During the year grants were made to the following institutions:
2021 2020
E
IBRA Sweden 244,811 217,484
FEBC USA 68,404 75,166
Feba India 60,625 60,482
Alraj 49,500 53,000
FEBA Pakistan 36,550 36,550
CAP 35,832 33,288
SIM Ethiopia 25,160 24,720
Radio VYimbe Association 17,523 22,097
HDCS 16,838 14,250
TNM 26,422
Others 35,139 35,058
Grant from previous year underutilised ~42 575