| Minority Rights Group |
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|---|---|---|---|---|
| Contents | ||||
| Forthe year ended 31December 2620 | ||||
| Contents | Pages | |||
| Reference and administrative | details | |||
| Report ofthe Council | 3-11 | |||
| independent auditors' report |
12-15 | |||
| Consolidated Statement ofFinancial Activities (incorporating |
income and expenditure | accounts) | 16 | |
| Consolidated Balance sheet |
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| Charity Balance sheet | ||||
| Consolidated Cash Flow Statement |
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| Notes to the financial statements | 20-32 |
| company a | nd how itis governed. |
nd how itis governed. |
powers | t | e charit | ble | |
|---|---|---|---|---|---|---|---|
| Summary | ofinvestment powers |
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| The governing document ~~'ves Minority Rights Group power to invest funds not the charity's purposes. |
immediately | required | for | ||||
| Company | number | 15449S7 | |||||
| Charity number | 28230S | ||||||
| Registered | ofNtce and | 54Commercial Street |
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| Operational | address | London El 6LT | |||||
| Honorary of5cers | Meena Varma Chair |
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| Bill Samuel Treasurer |
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| Joshua Casteliino Secretary |
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| Members ofthe Council | |||||||
| The Council | ofManagement who served during the year and up to the date ofthis report were as follows: |
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| Tom Astor | |||||||
| Albert Barume (Resigned May 2020) | |||||||
| JoeFrans (Elected Chair ofFinance k.General Purposes Committee Franqoise Hampson (Resigned May 2020) |
May | 2020) | |||||
| Mahdiz Keshavarz | |||||||
| Gay McDougall(Resigned May 2020) |
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| Willy Mutunga (Resigned May 2020) |
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| George Ngwane | |||||||
| Bill Samuel - Treasurer | |||||||
| Meena Varma (Elected Chair ofthe Council May 2020) | |||||||
| Principal staff | Joshua Castellino Executive Director/ Company Secretary |
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| Claire Thomas Deputy Director |
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| Carl Soderbergh Director ofPolicy 8r.Communications |
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| Berihu Mohammed Director ofFinance, Administration |
8'cIT | ||||||
| Cecile Clerc Director ofFundraising |
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| Bankers | NatWest, 38Strand, London, WC2H SJB | ||||||
| Solicitors Auditors |
Bates Wells and Braithwaite, 10Queen Street Place, London, Moore Kin~on Smith LLP, Devonal&e House, 60Goswell Road, |
ECAR London, |
1BE EC1M 7AD |
| For year ended 31December 2020 | |||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Un- | Un- | ||||||
| Note | Restricted | restricted | Total | Restricted | restricted | Total | |
| Income from: | |||||||
| Donations and legacies |
802,555 | 802,555 | 1,137,290 | 1,137+90 | |||
| Investment income |
7,679 | 7,679 | 9,516 | 9,516 | |||
| Trans ferbetween funds | |||||||
| Advocacy &Projects | 3,761,882 | 3,761,882 | 1,725,565 | 1,725,565 | |||
| Policy and publications | 6,566 | 6,566 | 14,527 | 14,527 | |||
| Other | 5,264 | 5+64 | 16,681 | 16,681 | |||
| Total | 15/2 | 3,761,882 | 822,064 | 4,583,946 | 1,725,565 | 1,178,015 | 2,903,580 |
| Expenditure on: |
|||||||
| Raising funds | 3 | 156,918 | 156+1S | 167,815 | 167,815 | ||
| Advocacy &Projects | 3 | 3,556,047 | 424+59 | 3,980@06 | 2,407,510 | 342,197 | 2,749,707 |
| Policy and publications | 3 | 136,465 | 136,465 | 128,850 | 128,850 | ||
| Total | 15/3 | 3,556,047 | 717,642 | 4/73,690 | 2,407,510 | 638,862 | 3,046,372 |
| Net income/(Expenditure) | 205,835 | 104,421 | 310456 | (681,944) | 539,153 | (142,792) | |
| Unrealis ed gain/Los s on investments | (29,302) | (29402) | 37,305 | 37,305 | |||
| Unrealised gain on foreign exchange |
|||||||
| trans actions | 28,896 | 28,896 | (52,329) | (52,329) | |||
| Trans ferbetween funds | 328,728 | (328,728) | 316,723 | (316,723) | |||
| Net movement in funds |
563,459 | (253,608) | 309,850 | (417,550) | 259,735 | (157,816) | |
| Reconciliation offunds: |
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| Funds atthe start ofthe year | 312,654 | 545,465 | 85S,11S | 730+04 | 285,730 | 1,015,934 | |
| Funds at the end ofthe year | 15 | 876,112 | 291,856 | 1,167868 | 312,654 | 545,465 | 858,118 |
| As at 31December | 2020 | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
18,419 365,Q34 |
8,067 286,656 |
||||
| Current assets | ZK3,453 | 294,723 | ||||
| Debtors Cash at bank and in hand |
9 | 508@38 354,347 |
138,049 461,179 |
|||
| 892,4S5 | 599,228 | |||||
| Creditors: amounts | due within 1year | iQa~(469.739 | (361,002} | |||
| Net current assets | 433,'756 | 238.226 | ||||
| Pension provison | IOb | 6S,973 | 82,697 | |||
| Net assets | ||||||
| Funds | ||||||
| Restricted funds | ||||||
| In surplus Unrestricted funds |
414@52 | (12,515) | ||||
| Pension provision Reserves Total funds |
(68@73) 291,856 637+35 |
(82,697) 545,464 450,252 |
| Minority Rights Group (Iimited by guarantee) Group and Charity Cash Flow Statement |
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|---|---|---|
| Foryear ended 31December 2020 | ||
| 2020 | 2019 | |
| Net incoming (outgoing) resources |
310+56 | (142,791) |
| Interest received Interest paid |
(1,176} 2,831 |
(99) 30,477 |
| Investment income Depreciation charges |
(7,679) 13,342 |
(9,516) 10,760 |
| Decrease/ (increase) in debtors | (292,673) | 44,104 |
| (Decrease)/ increase in creditors | 186@75 | 7,650 |
| Net cash inflow/(outflow) from operating activities |
211@77 | (59,415) |
| Purchase oftangible fixed assets Disposal oftangible fixed assets |
(20,91Z) | (12,628) |
| Interest received | 1,176 | 99 |
| Interest paid | (2+31) | (30,477) |
| Net currency exchange adjustments | 12@93 | 64,611} |
| Increase/(decrease) in cash in the period |
201,702 | (167,031} |
| Net cash in hand and at bank on I January 2020/2019 | 787,810 | 954„841 |
| Net cash in hand and at bank at the end ofthe year | 989,512 | 787,810 |
| 31December | 31December | |
| Cash in hand and at bank | 2020 | 2019 |
| Cash in hand - GBP | 952 | 2,540 |
| Cash at bank - GBP | (25,496) | 86„734 |
| Cash in hand - foreign currencies (GBPequivalent) | 8,912 | 9,483 |
| Cash at bank - foreign currencies (GBPequivalent) | 1,005,144 | 689,053 |
| Net cash in hand and at bank | 989412 | 787,810 |
| 2- Unrestricted income |
analysis | 2020 | 2019 | ||
|---|---|---|---|---|---|
| Grants and donations | |||||
| Blanes Trust Meadowbrook Charitable |
Trust | 25,009 4,000 |
50,000 | ||
| Sylvia Adams Charitable Trust Ericson Trust Eva Reckitt Charitable Trust |
8,090 2,000 1,009 |
9,000 3,000 |
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| Rathbone Trust Swedish International DeveIopment Cooperation T.H. Brunner Charitable Trust Norwegian Ministry ofForeign Affairs~ |
Agency | 549,927 1,000 294,446 |
2,000 442,859 1,000 623,343 |
||
| Other income and donations Sub-total Other income |
7,182 | 6,088 1,137,290 |
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| Investment income |
7,679 | 9,516 | |||
| Policy and publications | 6+66 | 14,527 | |||
| Other income | 5+64 | 16,681 | |||
| Sub-total | 40,725 | ||||
| Total | 1,178.015 |
| Policy dt | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Raising | Advocacy dk |
Publication | Support | Actual | Total | |||
| Funds | Projects | Costs | 2020 | 2019 | ||||
| Staffcosts (Note 5) | 61,120 | 499,972 | 92,865 | 202,159 | 856,116 | 712,308 | ||
| Regions &consultants | (Note 5) | 76,914 | 592,999 | 23,199 | 693,112 | 557,653 | ||
| Volunteers | 548 | 1,836 | 27 | 331 | 2,742 | 11,972 | ||
| Stafftraining &development | 220 | 1,958 | 2,178 | 7,003 | ||||
| Stafftravel and subsistence | 80,292 | 289 | 1,509 | 82,090 | 137,584 | |||
| Partner and related activities | 1,951,129 | 1,951,129 | 991,555 | |||||
| Seminars, training and |
events | 1,191 | 32,121 | 7,048 | 40460 | 135,972 | ||
| Policy, research and information | 512 | 109,911 | 370 | 1,543 | 112@36 | 22,386 | ||
| Project audits | 13,836 | 13,836 | 36,229 | |||||
| Bank charges and forex | 93 | 43,358 | 43,451 | 20,934 | ||||
| ITexpenses | 537 | 28,045 | 1,879 | 58,469 | 8S+30 | 49,960 | ||
| Other project expenses | 23,182 | 23,182 | ||||||
| Covid19 expenses | 64,997 | 64,997 | ||||||
| Local of6cerents &expenses | 26,471 | 26,471 | 27,701 | |||||
| Legal and professional | fees | 38,071 | 60 | 38,131 | 3,817 | |||
| Sub-total | 141,135 | 3,508,178 | 118,629 | 271,118 | 4,039,060 | 2,715,074 | ||
| Office running costs |
2,057 | 51,129 | 1,729 | 3,951 | 58,867 | 41,487 | ||
| General audit and accounting | 1,159 | 28,800 | 974 | 2,226 | 33,159 | 25,365 | ||
| Other Finance costs | 2,459 | 83 | 190 | 2,831 | 30,477 | |||
| Premises | 1,159 | 154,292 | 5,217 | 16,972 | 177%640 | 203,738 | ||
| Recrutment | 70 | 1,752 | 59 | 135 | 2,017 | 1,069 | ||
| Depreciation charges |
1,670 | 10,282 | 11,952 | 10,780 | ||||
| Trustees' expenses &meetings | 43 | 1,057 | 36 | 82 | 1+17 | 6,720 | ||
| Other costs | (53,053) | (53,053) | 11,660 | |||||
| Sub-total | 4@S6 | 18S,106 | 8,098 | 33,838 | 234,629 | 331497 | ||
| Total | 145,721 | 3,696+85 | 126,727 | 304,957 | 4+73,690 | 3,046@72 | ||
| Support costs * | 11,197 | 284,022 | 9,738 - | 304,957 | ||||
| Total e nditure |
156,918 | 3,980@06 | 136,465 | - | 4/73,690 | 3,046@72 |
| This is stated after charging / c |
rediting: | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Depreciation Council members' expens es Auditors' remuneration: |
Group and charity | general audits | 13@42 1/17 24+,57 |
10,760 6,720 17,016 |
| Operating lease rentals: |
Other accounting services Donor (project) audits Property Other |
8,902 13,836 133,930 5,048 |
8,349 36,229 127,733 6,937 |
| Staffcosts and numbers Staffcosts were as follows: |
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|---|---|---|
| 2020 | 2019 | |
| Salaries and wages Social security costs Pens ion contributions |
1,401,100 93+97 54,831 |
1,139,268 86,326 49,844 |
| 1@49+28 | 1,275,438 |
| The average w | eekly numb | er | ofemploy | ees (fuH-time equivalent) during th |
e year was as foHows: | |
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| No. | No. | |||||
| Directors' office including | fundraising | '6 | 6 | |||
| Administration | and finance | 5 | 5 | |||
| Projects and project support | including | Regional Offices | ,3'5: | 30 | ||
| -'4;6; | 41 |
| 7.Tangible fixed assets- Group and chari | ty | ||||
|---|---|---|---|---|---|
| Group | Charity | ||||
| Furniture | |||||
| Furniture | & | Furniture | |||
| & | equipmen | Furniture | |||
| equipment | t | equipment | & | equipment | |
| 2020 | 2019 | 202Q | 2019 | ||
| Cost | |||||
| At the start ofthe year | 52,984 | 41,903 | 39+04 | 28,944 | |
| Additions in the year |
ZQP12 | 12,628 | ZQP32 | 10,560 | |
| Disposal in the year |
(1,547) | ||||
| At the end ofthe year | 73,896 | 52,984 | 59,S36 | 39,504 | |
| Depreciation | |||||
| At the start ofthe year | 41,Q21 | 33,986 | 30,481 | 22,270 | |
| Charge for the year | 13@42 | 10,760 | 10,936 | 9,167 | |
| Disposal in the year | (1,547} | ||||
| At the end ofthe year | 54@63 | 43,199 | 41,417 | 31,437 | |
| Net book value | |||||
| At the end ofthe year | 19~33 | 9,785 | 18,419 | 8,067 | |
| At the start ofthe year | 11+63 | 7,569 | S,067 | ||
| 8.Investments- group and Charity |
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| 2020 | ZQI9 | ||||
| Market value at the start ofthe year | 286,656 | 239,934 | |||
| Investment income reinvested |
'7,679 | 9,417 | |||
| Net gains/losses | (29@02) | 37,305 | |||
| Market value at the end ofthe year | 265,034 | 286,656 | |||
| Historic costatthe end ofthe year | 90@01 | 90,301 | |||
| 9.Debtors | Group | Charity | |||
| 2020 | 2019 | 2020 | ' | 2019 | |
| E | |||||
| Regional OITices balances | 5,152 | 69,164 | |||
| Other debtors | 32379 | 25,630 | 30/02 | 25,630 | |
| P repayments | 42,924 | 46,901 | 42,924 | 41,426 | |
| Accrued income | 366,048 | 70,993 | 366„048 | 70,993 | |
| 441@50 | 148,677 | 508@38 | 138,049 |
| Note | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10a.Creditors: amounts | due within | 1year | Group | Charity | ||||||
| 2020 | 2019 | 2020 | 2019 | |||||||
| Trade creditors Taxation, social security k other Grants repayable Regional Offices balances Other Creditors Accruals and deferred income |
payroll | 33,678 6'7,179 63,484 5@81 30S,766 |
26,091 38,476 40,480 24,069 162,996 |
33,67S 66@57 63,484 1,703 304,508 |
14,235 32,412 40,480 100,143 15,843 157,889 |
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| 47S,487 | 292,112 | 469,729 | 361,002 | |||||||
| The charity entered into | amulti-currency | overdraft facility | with it | bankers, NatWest Bank PLC,ofup to f,120Kin | ||||||
| 2012.This facility is secured by | a debunture | on its assets. | ||||||||
| 10b. Pension provision | Group | Charity | ||||||||
| 2020 | 2019 | 2020 | 2019 | |||||||
| Pension liability | 6S,973 | 82,697 | 6S,973 | 82,697 | ||||||
| 11.Analysis ofnet assets | between | funds | 6S,973 | 82,697 | 68+73 | 82,697 | ||||
| Restncted | General | |||||||||
| funds | fllilds | Total Funds | ||||||||
| Group | ||||||||||
| Tangible fixed assets Fixed asset investments |
19,533 265,034 |
19,532 265,033 |
||||||||
| Long term liabilities Net current assets |
876,112 | 68,973 {61,683} |
68,973 814,429 |
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| Net assets at the end | ofthe year | 876,112 | 291,856 | 1,167+68 | ||||||
| Restricted | General | |||||||||
| Analysis ofnet assets | between funds | funds | funds | Total Funds | ||||||
| Charity | ||||||||||
| Tangible fixed assets Fixed asset investments |
18,419 265,034 |
18,419 265,034 |
||||||||
| Long term liabilities Net current assets |
414,352 | 68,973 8,404 |
68,973 422,756 |
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| Net assets at the end ofthe year | 414,352 | 360,829 | 775,181 | |||||||
| Operating lease commitments |
||||||||||
| The charity had commitments | atthe year end under operating | leases as follows. | ||||||||
| Property | 2020 | 2019 | ||||||||
| Under 1year |
133@30 | 127,773 | ||||||||
| Equipment | 2020 | 2019 | ||||||||
| K | ||||||||||
| Under 1 year |
||||||||||
| 2-5years | 5,048 | 6,973 | ||||||||
| 5,048 | 6,973 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| Incl MRG | ||||||
| Note | 15Movement in funds |
Start of the year |
Incoming resources |
Outgoing resources |
Match Funding |
End of year |
| Restricted funds | ||||||
| A&ica Middle East 8cNorth Africa Europe/CIS Region Asian Pacific Region Strategic Communication Legal Empowerment k Strat~c Litigation Other Charitable Activities Total Restricted Funds |
96,288 74,822 120,853 60,017 105,736 (53,715) (39,019) 364@82 |
2,085,696 575,965 480+11 144.324 267,712 186„568 21.)06 3,761,882 |
(1,918,307) (402,966) (404,417) (197,546) (335,72S) (245,661) (51,422) (3@56,047) |
37,360 4,907 65,897 9,344 124,363 86,857 328,728 |
301,036 252.728 262,S44 16,139 37.720 11,555 17,522 899+45 |
|
| Unrealised foreign exchange differences Total Restricted Funds Unrestricted Funds |
(52+29) | 28+96 3,790,778 |
(3,556,047) | 32S,728 | (23,433) 876,112 |
|
| Revaluation reserve Pension provision General fund Total unrestricted funds |
178,927 (82,697) 449+35 545,465 |
822,064 822,064 |
(29,302) 13,724 (731,366) (746@44) |
(328,728) (328,728) |
149.625 (68,973) 211,204 291,856 |
|
| Total funds | 858,118 | 4,612,842 | (4@02,992) | 1,167,968 |