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|||Page|
|---|---|---|
|Reference and administrative
details|||
|Trustees'
report||2-7|
|Trustees'
responsibilities
statement|||
|Independent
auditor's
report||9-12|
|Consolidated
statement
offinancial|activities|13|
|Consolidated
balance sheet||14|
|Charity balance sheet||15|
|Consolidated
statement
ofcash flows||16|
|Notes to the financial statements||17-42|
##
##
|Trustees||Stephen
Timms MP|Stephen
Timms MP|(Chair)|(Chair)||
|---|---|---|---|---|---|---|
|||Rosemary|Kempsell||||
|||David Nussbaum|||||
|||Rev Tariro|Matsveru|(appointed||18March 2021)|
|||Alison Inglis-Jones|||||
|||Jane Cotton (appointed 13March 2021)|||||
|||Jeremy Lefroy (appointed|||18March 2021)||
|Charity registered|||||||
|number||294953|||||
|Registered|office|Kingsway|||||
|||Team Valley Trading||Estate|||
|||Gateshead|||||
|||NE11 ONE|||||
|Independent|auditor|UNW LLP|||||
|||Chartered|Accountants||||
|||Citygate|||||
|||StJames'|Boulevard||||
|||Newcastle|upon Tyne||||
|||NE1 4JE|||||
|Bankers||HSBC Bank Pic|||||
|||110Grey Street|||||
|||Newcastle|upon Tyne||||
|||NE1 6JG|||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
||Note|f.000|f000|f000|OOOO|
|Income from:||||||
|Donations
and legacies||2,156||2,156|1,236|
|Charitable
activities||186|1,483|1,669|1,854|
|Total income||2,342|1,483|3,825|3,090|
|Expenditure
on:||||||
|Raising funds:||||||
|Other raising funds||953||953|679|
|Charitable
activities:||||||
|Other charitable
activities||1,050|1 333|2,383|2,697|
|Total expenditure||2,003|1333|3,336|3,376|
|Net movement
in funds before other||||||
|recognised
gains/(losses)||339|150|489|(286)|
|Other recognised
gains/(losses):||||||
|Unrealised(losses)/gains||(59)||(59)|12|
|Net movement
in funds||280|150|430|(274)|
|Reconciliation
offunds:||||||
|Total funds brought
forward||817|110|927|1,201|
|Net movement
in funds||280|150|430|(274)|
|Total funds carried forward||1,097|260|1,357|927|
##
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||f000||f000|
|Fixed assets|||||||
|Intangible assets||11||9||14|
|Tangible assets||12||34||47|
|||||43||61|
|Current assets|||||||
|Debtors|||353||204||
|Cash at bank and|in hand||2,251||1,413||
||||2,604||1,617||
|Creditors: amounts|faIling due within one||||||
|year||15|(1,290)||(751)||
|Net current assets||||1,314||866|
|Total assets less|current liabilities|||1,357||927|
|Total net assets||||1,357||927|
|Charity funds|||||||
|Restricted
funds||16||260||110|
|Unrestricted
funds||16||1,097||817|
|Total funds||||1,357||927|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||f000||OOOO|
|Current assets|||||||
|Cash at bank and|in hand||||||
|Creditors: amounts|faIling due within one||||||
|year|||(2)||(2)||
|Net current assets|||||||
|Total assets less|current liabilities||||||
|Total net assets|||||||
|Total funds|||||||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f000|f000|
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities|||||906|(17)|
|Cash flows from investing||activities||||||
|Purchase oftangible
fixed assets||||||(11)|(29)|
|Interest received||||||2|2|
|Net cash used in investing||activities||||(9)|(27)|
|Change
in cash and cash||equivalents||in|the year|897|(44)|
|Cash and cash equivalents||at the beginning|||ofthe year|1,413|1,445|
|Change
in cash and cash equivalents|||due to exchange rate movements|||(59)|12|
|Cash and cash equivalents||at the end||ofthe year||2,251|1,413|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||OOOO|f000|6000|
|Donations|1,873|1,873|1,008|
|Legacies|238|238|205|
|Grants from trusts and charities|45|45|23|
||2,156|2,156|1,236|
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||OOOO|f000|f000|
|Grants from|institutional|sources||1,483|1,483|
|Consultancy|and other|income|186||186|
||||186|1,483|1,669|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||F000|f000|f.000|
|Grants from|institutional|sources||1,691|1,691|
|Consultancy|and other|income|163||163|
||||163|1,691|1,854|
##
|End|ed 31 March 2021|||
|---|---|---|---|
|||2021|2020|
|||f000|f000|
|Split|ofincome|||
|UK||2,773|2,158|
|Rest|ofWorld|1,052|932|
|||3,825|3,090|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||f000|f000|OOOO|
|Travel and accommodation|||2|
|Direct costs|148|148|105|
|Support costs (Note 8)|213|213|149|
|Direct salaries|272|272|240|
||633|633|496|
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||f000|f000|f000|
|Travel and accommodation|||3|
|Direct costs|141|141|5|
|Support costs (Note 8)|69|69|60|
|Direct salaries|110|110|115|
||320|320|183|
##
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||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||f000|f000|f000|
|Development|Programmes|||||
|Direct salaries|||337|455|792|
|Travel and accommodation|||33|11|44|
|Direct programme||costs|815|174|989|
|Support costs|(Note 8)||31|107|138|
||||1,216|747|1,963|
|Policy Unit and Campaigning||||||
|Direct salaries|||89|113|202|
|Travel and accommodation|||1||1|
|Direct programme||costs|25|7|32|
|Support costs|(Note 8)||2|183|185|
||||117|303|420|
||||1,333|1,050|2,383|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||f000|OOOO|f000|
|Development|Programmes|||||
|Direct salaries|||401|382|783|
|Travel and accommodation|||28|33|61|
|Direct programme||costs|1,018|199|1,217|
|Support costs|(Note 8)||104|45|149|
||||1,551|659|2,210|
|Policy Unit and||Campaigning||||
|Direct salaries|||96|72|168|
|Travel and accommodation|||2|1|3|
|Direct programme||costs|30|16|46|
|Support costs|(Note 8)||4|266|270|
||||132|355|487|
||||1,683|1,014|2,697|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||f000|f000|
|Depreciation||||22|15|
|Amortisation||||5|8|
|Operating|leases|||47|52|
|Unrealised|exchange|rate|losses/(gains)|59|(12)|
|Auditor's|remuneration|||7|7|
##
|Support cos|ts|||||||
|---|---|---|---|---|---|---|---|
||||Voluntary|Institutional|Development|Policy and||
||||income|sources|programmes|Campaigning|Total|
||||2021|2021|2021|2021|2021|
||||f000|f000|f000|f000|f000|
|Management|and|admin||||||
|salaries|||141|46|91|121|399|
|Governance|||11|4|7|10|32|
|Office services|||36|12|24|32|104|
|Office machinery||and||||||
|consumables|||||||22|
|Financial services|||||||26|
|PR and comms|||||||22|
|Total|||213|69|138|185|605|
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||||Voluntary|Institutional|Development|Policy and||
|---|---|---|---|---|---|---|---|
||||income|sources|programmes|Campaigning|Total|
||||2020|2020|2020|2020|2020|
||||f000|OOOO|OOOO|f000|OOOO|
|Management|and|admin||||||
|salaries|||90|36|91|166|383|
|Governance|||7|3|6|12|28|
|Office services|||27|11|27|47|112|
|Office machinery||and||||||
|consumables|||5||6|9|22|
|Financial services|||13||13|23|54|
|PR and comms|||7||7|13|30|
|Total|||149|60|150|270|629|
##
|Staff costs|||||
|---|---|---|---|---|
||||2021|2020|
||||f000|f000|
|Salaries|||981|924|
|Social security costs|||92|88|
|Pension costs (excluding|contributions|to defined benefit scheme - FRS102)|69|63|
|Overseas salaries and staff costs|||336|609|
||||1,478|1,684|
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||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Development|programmes|and Policy Unit|40|40|
|Fundraising|||10|10|
|Management|and administration||4|4|
||||54|54|
|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
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|11.|Intangible assets||
|---|---|---|
||Group and charity||
|||ITsystems
f000|
||Cost||
||At 1 April 2020|32|
||At 31 March 2021|32|
||Amortisation||
||At 1 April 2020|18|
||Charge for the year|6|
||At 31 March 2021|23|
||Net book value||
||At 31 March 2021||
||At 31 March 2020|14|
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||Furniture|
|---|---|
||and|
||equipment|
||OOOO|
|Cost||
|At 1 April 2020|119|
|Additions|11|
|At 31 March 2021|130|
|Depreciation||
|At 1 April 2020|72|
|Charge for the year|24|
|At 31 March 2021|96|
|Net book value||
|At 31 March 2021|34|
|At 31 March 2020|47|
##
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##
||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||f000|f000|
|Amounts|owed by related parties||51||
|Other debtors|||74|61|
|Prepayments||and accrued income|228|143|
||||353|204|
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||f,000|f000|OOOO|OOOO|
|Trade creditors||||50|||
|Amounts|owed to related parties|||30|||
|Other taxation and social security|||31||||
|Other creditors|||3|9|||
|Accruals|and deferred|income|1,235|662|||
||||1,290|751|||
||||||Group|Group|
||||||2021|2020|
||||||f000|OOOO|
|Deferred|income at 1|April 2020|||537|610|
|Deferred|during the year||||1,568|1,336|
|Amounts|released||||(988)|(1,409)|
||||||1 117|537|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2020|Income|Expenditure|in/out|(Losses)|2021|
||OOOO|f000|FOOO|FOOO|F000|FOOO|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Portfolio work||||269||269|
|General funds|||||||
|General funds|817|2,342|(2,003)|(269)|(59)|828|
|Total|||||||
|Unrestricted|||||||
|funds|817|2,342|(2,003)||(59)|1,097|
##
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|Statement|offu|nds (continued)||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||Transfers|Gains/|31 March|
|||April 2020
f000|income
f000|Expenditure
f000|in/out
f000|(Losses)
f000|2021
f000|
|Restricted||||||||
|funds||||||||
|DEAR||(13)|93|(80)||||
|Social Change||18|19|(26)|||11|
|Khamatayan||(22)|242|(202)|||18|
|Shamerto||(26)|1|25||||
|JEWEL||(1)|7|(6)||||
|Muktee||77|234|(230)|||81|
|OAK||(2)|218|(137)|||79|
|Homeworkers||(19)|209|(205)|||(15)|
|Juice||(9)|51|(52)|||(10)|
|Tanzania-||||||||
|Disability main||10|139|(142)|||7|
|Catalyst||95|||||95|
|Producer||||||||
|support||||(2)||||
|PAPOWE||||||||
|Supporting|tea|||||||
|workers|||77|(65)|||12|
|C&A Textiles|||51|(51)||||
|Matrix fund|||5||||5|
|WEE|||6|(7)|||(1)|
|SAWA|||108|(132)|||(24)|
|Equalitea|||21|(21)||||
|||110|1,483|(1,333)|||260|
|Total offunds||927|3,825|(3,336)||(59)|1,357|
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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at|||Gains/|31 March|
|||||1 April 2019|Income|Expenditure|(Losses)|2020|
|||||f000|f000|OOOO|f000|f000|
|Unrestricted|funds||||||||
|General funds||||1,097|1,399|(1,691)|12|817|
|||||||||Balance at|
|||||Balance at|||Gains/|31 March|
|||||1 April 2019|Income|Expenditure|(Losses)|2020|
|||||f000|f000|f000|f000|OOOO|
|Restricted funds|||||||||
|DEAR|||||109|(122)||(13)|
|C&A Textiles|||||11|(11)|||
|JRCT 8 Network||for|Social||||||
|Change|||||18|||18|
|Khamatayan|||||346|(372)||(22)|
|Shamerto|||||108|(142)||(26)|
|JEWEL|||||20|(21)||(1)|
|EqualiTea
CA|||||1|(1)|||
|Muktee|||||337|(269)||77|
|TRAID|||||64|(64)|||
|OAK|||||16|(18)||(2)|
|Going Green|||||10|(10)|||
|Sust Cotton|||||10|(10)|||
|Homeworkers|||||138|(157)||(19)|
|Tanzania - Disability|||||5|(5)|||
|Juice|||||207|(216)||(9)|
|Tanzania - Disability|||main|13|145|(148)||10|
|SAWA UKM|||||98|(98)|||
|Catalyst||||65|30|||95|
|Pre-development/National|||||||||
|Lottery|||||18|(18)|||
|Producer Support|||||||||
|||||101|1,691|(1,682)||110|
|Total offunds||||1,198|3,090|(3,373)|12|927|
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||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||||f000|FOOO|
||Net
income/(expenditure)
for
Activities)||||the|year|(as per||Statement|of Financial|489|(286)|
||Adjustments|for:|||||||||||
||Depreciation|charges|||||||||30|22|
||Decrease/(increase)||in|debtors|||||||(149)|280|
||Increase/(decrease)||in|creditors|||||||538|(31)|
||Interest received||||||||||(2)|(2)|
||Net cash provided||by/(used||in) operating|||activities|||906||
|19.|Analysis of|cash and||cash equivalents|||||||||
||||||||||||Group|Group|
||||||||||||2021|2020|
||||||||||||f000|f000|
||Cash in hand||||||||||2,251|1,413|
||Total cash and cash|||equivalents|||||||2,251|1,413|
|20.|Analysis of|changes||in net debt|||||||||
|||||||||Changes
in||
|---|---|---|---|---|---|---|---|---|---|
|||||||||market||
|||||||||value and||
|||||||||exchange||
||||At|1|April|||rate|At 31 March|
||||||2020|Cash|flows|movements|2021|
||||||||f000|f000|f000|
||||||OOOO|||||
|Cash|in|hand|||1,413||897|(59)|2,251|
||||||1,413||897|(59)|2,251|
##
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|Principal actuari|al
assumptions
at the balance sheet dat|e (expressed as weighted
averages):||
|---|---|---|---|
|||At 31 March|At 31 March|
|||2021|2020|
|||'/o|'/o|
|Discount rate||1.95|2.30|
|Expected return|on scheme assets|2.25|2.00|
|Future salary increases||2.25|2.00|
|Future pension|increases|2.25|2.00|
||At 31 March|At 31 March|
|---|---|---|
||2021|2020|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|21.3|21.3|
|-at 65for a male aged 45 now|22.3|22.3|
|-for a female aged 65 now|23.2|23.2|
|-at 65for afemale aged 45 now|24.4|244|
##
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|The group's shar|e ofthe assets
in the scheme was:|||
|---|---|---|---|
|||At 31 INarch|At 31 March|
|||2021|2020|
|||OOOO|f000|
|Equities||309|217|
|Bonds||1,519|1,470|
|Other||13|40|
|Value recognised|limited under FRS102|(191)|(189)|
|Total fair value|ofassets|1,650|1,538|
|The|amount|s
r|ecognise|d
in the|Consolidated
Statement
of F|inancial Activities are as follows:||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||OOOO|f000|
|Net|interest|on|defined|benefit|asset||(4)|
|Movement|s
in th|e present value ofthe defined
benefit obliga|tion were as follows:||
|---|---|---|---|---|
||||2021|2020|
||||f000|f000|
|Opening|defined|benefit obligation|(1,538)|(1,611)|
|Interest cost|||(35)|(37)|
|Benefits paid|||59|46|
|Expenses|||4|1|
|Actuarial|gain/(losses)||(140)|63|
|Closing|defined|benefit obligation|(1,650)|(1,538)|
|Movements
in the|fair value oft|he group's share ofscheme as|sets were as follows:||
|---|---|---|---|---|
||||2021|2020|
||||f000|FOOO|
|Opening
fair value|ofscheme assets||1,727|1,783|
|Interest income|||39|41|
|Return on plan assets excluding||interest|138|(50)|
|Expenses|||(4)|(1)|
|Benefits paid|||(59)|(46)|
|Value recognised|limited under|FRS102|(191)|(189)|
|Closing fair value|ofscheme|assets|1,650|1,538|
##
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||2021|2020|
|---|---|---|
||f000|f000|
|Present value of defined benefit obligations|(1,650)|(1,538)|
|Fair value of plan assets|1,650|1,538|
|Deficit in the scheme|||
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|under non-|can|cellable
operating
leases as follows:|||
|---|---|---|---|---|
||||Group|Group|
||||2021|2020|
||||f000|OOOO|
|Not later than||1 year|36|41|
|Later than|1 year and not later than 5 years||32|12|
||||68|53|
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|March 21|:|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f000|f000|
|Traidcraft|pic|||||
|Purchase|ofgoods and|services (e.g. rent and building|costs)|30|14|
|Sale ofservices||||177|24|
|Recharge|of redundancy|costs||(22)||
|Balances|due (to)/from|related parties at 31 March||||
|Traidcraft|pic|||51|(30)|