|Minority
Rights Group|||||
|---|---|---|---|---|
|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|||||
|Charity Balance sheet|||||
|Consolidated
Cash Flow Statement|||||
|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||||||
|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|||||
|Operational||address|London El 6LT|||||
|Honorary of5cers|||Meena Varma
Chair|||||
||||Bill Samuel
Treasurer|||||
||||Joshua Casteliino
Secretary|||||
|Members ofthe Council||||||||
|The Council||ofManagement
who served during the year and up to the date ofthis report were as follows:||||||
||||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)|||||
||||Willy Mutunga
(Resigned May 2020)|||||
||||George Ngwane|||||
||||Bill Samuel - Treasurer|||||
||||Meena Varma (Elected Chair ofthe Council May 2020)|||||
|Principal staff|||Joshua Castellino
Executive Director/ Company
Secretary|||||
||||Claire Thomas
Deputy Director|||||
||||Carl Soderbergh
Director ofPolicy 8r.Communications|||||
||||Berihu Mohammed
Director ofFinance, Administration|8'cIT||||
||||Cecile Clerc
Director ofFundraising|||||
|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|||
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|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:||||||||
|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|||
|---|---|---|
|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|
|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|
|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:|||
|---|---|---|
||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||||||
||||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|
|||||||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|
|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|
|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|
##
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