##
|||Page|
|---|---|---|
|Reference and administrative
details|||
|Trustees'
report||2-7|
|Trustees'
responsibilities
statement|||
|Independent
auditor's
report on the financial statements||9-12|
|Consolidated
statement
offinancial|activities||
|Consolidated
balance sheet||14|
|Charity balance sheet||15|
|Consolidated
statement
ofcash flows||16|
|Notes to the financial statements||17-46|
##
##
|Trustees||Stephen
Timms MP (Chair)|Stephen
Timms MP (Chair)||
|---|---|---|---|---|
|||Rosemary
Kempsell|(resigned 22|September 2022)|
|||David Nussbaum
(resigned 27 January 2024)|||
|||Rev Tariro Matsveru|(resigned 27|January 2024)|
|||Alison inglis-Jones
(resigned 27 January 2024)|||
|||Jane Cotton (resigned 27 January||2024)|
|||Jeremy Lefroy|||
|||Stephen
Bonnick (appointed
26 January 2024)|||
|||Clive Osmond
(appointed
26 January 2024)|||
|||Alison Margaret Coutts (appointed||26 January 2024)|
|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|
|||2023|2023|2023|2022|
||Note|E|E|E||
|Income from:||||||
|Donations
and legacies||1,423,883||1,423,883|2,251,287|
|Charitable
activities||101,820|1,697,949|1,799,769|1,992,485|
|Total income||1,525,703|1,697,949|3,223,652|4,243,772|
|Expenditure
on:||||||
|Raising funds:||||||
|Voluntary
income||726,603||726,603|586,778|
|Institutional
sources||215,963||215,963|166,373|
|Charitable
activities:||||||
|Development
programmes||946,455|1,767,300|2,713,755|2,285,146|
|Policy and campaigning||676,970|21,039|698,009|503,940|
|Total expenditure||2,565,991|1,788,339|4,354,330|3,542,237|
|Net (expenditure)/income||(1,040,288)|(90,390)|(1,130,678)|701,535|
|Transfers
between
funds|19|(22,401)|22,401|||
|Net movement
in funds before other||||||
|recognised
gains/(losses)||(1,062,689)|(67,989)|(1,130,678)|701,535|
|Other recognised
gains/(losses):||||||
|Unrealised
gains/(losses)||(15,560)||(15,560)|9,855|
|Net movement
in funds||(1,078,249)|(67,989)|(1,146,238)|711,390|
|Reconciliation
offunds:||||||
|Total funds brought
forward||1,715,991|352,881|2,068,872|1,357,482|
|Net movement
in funds||(1,078,249)|(67,989)|(1,146,238)|711,390|
|Total funds carried forward||637,742|284,892|922,634|2,068,872|
##
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||||F|
|Fixed assets|||||||
|Intangible assets||12||||4,342|
|Tangible assets||13||14,743||16,293|
|||||14,743||20,635|
|Current assets|||||||
|Debtors||15|381,755||395,124||
|Cash at bank and|in hand||1,618,954||2,743,940||
||||2,000,709||3,139,064||
|Creditors: amounts|falling due within one||||||
|year||16|(1,092,818)||(1,090,827)||
|Net current assets||||907,891||2,048,237|
|Total net assets||||922,634||2,068,872|
|Charity funds|||||||
|Restricted funds||19||284,892||352,881|
|Unrestricted
funds||19||637,742||1,715,991|
|Total funds||||922,634||2,068,872|
##
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note|||||
|Current assets|||||||
|Cash at bank and|in hand||2,330||2,397||
||||2,330||2,397||
|Creditors: amounts|falling due within one||||||
|year||16|(2,330)||(2,397)||
|Net current assets|||||||
|Total assets less|current liabilities||||||
|Total net assets|||||||
|Total funds|||||||
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||Note|||
|Cash flows from operating|activities||||||||
|Net cash generated
from operating
activities||||||21|(1,101,005)|482,637|
|Cash flows from investing|activities||||||||
|Purchase oftangible
fixed assets|||||||(11,159)|(2,255)|
|Interest received|||||||2,738|1,880|
|Net cash used in investing|activities||||||(8,421)|(375)|
|Change
in cash and cash|equivalents||in|the year|||(1,109,426)|482,262|
|Cash and cash equivalents|at the beginning|||ofthe year|||2,743,940|2,251,823|
|Change
in cash and cash equivalents||due to exchange|||rate movements||(15,560)|9,855|
|Cash and cash equivalents|at the end||of|the year||22|1,618,954|2,743,940|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|Donations|1,267,691|1,267,691|1,601,499|
|Legacies|131,920|131,920|576,388|
|Grants from trusts and charities|24,272|24,272|73,400|
||1,423,883|1,423,883|2,251,287|
##
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##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2023|
||||F||F|
|Grants from|institutional|sources||1,697,949|1,697,949|
|Consultancy|and other|income|101,820||101,820|
||||101,820|1,697,949|1,799,769|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||E||E|
|Grants from|institutional|sources||1,862,234|1,862,234|
|Consultancy|and other|income|130,251||130,251|
||||130,251|1,862,234|1,992,485|
|The|activities
giving rise to other income are all|carried out in furtherance
ofthe objects ofthe|charity.|
|---|---|---|---|
|||2023|2022|
|Split|ofincome|||
|UK||719,379|534,087|
|Rest|ofWorld|978,570|1,328,147|
|||1,697,949|1,862,234|
##
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##
|Voluntary|income||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2023|2023|2022|
|Travel and|accommodation|544|544|154|
|Direct costs||241,814|241,814|187,107|
|Support costs (note 9)||167,400|167,400|126,216|
|Direct salaries||316,845|316,845|273,301|
|||726,603|726,603|586,778|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|Support costs (note 9)|145,530|145,530|109,726|
|Direct salaries|70,433|70,433|56,647|
||215,963|215,963|166,373|
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2023|
||||K|K|K|
|Development|Programmes|||||
|Direct salaries|||449,588|333,055|782,643|
|Travel and accommodation|||68,124|42,958|111,082|
|Direct programme||costs|345,333|1,310,488|1,655,821|
|Support costs|(Note 9)||83,410|80,799|164,209|
||||946,455|1,767,300|2,713,755|
|Policy Unit and||Campaigning||||
|Direct salaries|||387,601|18,676|406,277|
|Travel and accommodation|||603|148|751|
|Direct programme||costs|20,060|2,215|22,275|
|Support costs|(Note 9)||268,706||268,706|
||||676,970|21,039|698,009|
||||1,623,425|1,788,339|3,411,764|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022
f|2022
f|2022|
|Development|Programmes|||||
|Direct salaries|||329,797|280,097|609,894|
|Travel and accommodation|||11,783|29,315|41,098|
|Direct programme||costs|179,203|1,339,834|1,519,037|
|Support costs|(Note 9)||44,998|70,119|115,117|
||||565,781|1,719,365|2,285,146|
|Policy Unit and||Campaigning||||
|Direct salaries|||267,200|36,412|303,612|
|Travel and accommodation||||345|345|
|Direct programme||costs|2,975|13,366|16,341|
|Support costs|(Note 9)||183,642||183,642|
||||453,817|50,123|503,940|
||||1,019,598|1,769,488|2,789,086|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|Depreciation||||12,709|19,906|
|Amortisation||||4,342|5,539|
|Operating|leases|||53,890|47,000|
|Unrealised|exchange|rate|losses/(gains)|15,560|(9,855)|
|Auditor's|remuneration|||15,500|8,500|
##
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##
||||Voluntary|Institutional|Development|Policy and||
|---|---|---|---|---|---|---|---|
||||income|sources|programmes|Campaigning|Total|
||||2023|2023|2023|2023|2023|
||||f000|f000|f000|f000|f000|
|Management|and|admin||||||
|salaries|||108,171|94,038|98,658|161,441|462,308|
|Governance|||21,003|18,259|19,156|31,347|89,765|
|Office services|||23,241|20,205|32,727|53,553|129,726|
|Office machinery||and||||||
|consumables|||3,657|3,180|3,336|5,459|15,632|
|Financial services|||11 328|9848|1D332|16 9D6|48414|
|Total|||167400|145530|164209|268 706|745 845|
||||Voluntary|Institutional|Development|Policy and||
||||income|sources|programmes|Campaigning|Total|
||||2022|2022|2022|2022|2022|
||||OOOO|OOOO|f000|OOOO|f000|
|Management|and|admin||||||
|salaries|||79,375|69,004|72,394|118,464|339,237|
|Governance|||13,524|11,757|12,335|20,184|57,800|
|Office services|||16,959|14,744|15,468|25,311|72,482|
|Office machinery
consumables||and|7,260|6,312|6,622|6,105|26,299|
|Financial services|||9098|7909|8298|13578|38883|
|Total|||126216|1D9726|115 117|183642|534 7D1|
##
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
||||||F|
|Salaries||||1,015,691|858,846|
|Social security costs||||105,206|88,042|
|Pension costs (excluding|contributions|to defined|benefit scheme-|||
|FRS102)||||70,011|61,701|
|Overseas salaries and staff costs||||801,044|542,084|
|||||1,991,952|1,550,673|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||No.|No.|
|Development|programmes|and Policy Unit|39|37|
|Fundraising|||12|12|
|Management|and administration||6|6|
||||57|55|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
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##
||ITsystems|
|---|---|
|Cost||
|At 1 April 2022|33,245|
|At 31 March 2023|33,245|
|Amortisation||
|At 1 April 2022|28,903|
|Charge for the year|4,342|
|At 31 March 2023|33,245|
|Net book value||
|At 31 March 2023||
|At 31 March 2022|4,342|
##
##
|13.|Tangible fixed assets||
|---|---|---|
||Group||
|||Furniture|
|||and|
|||equipment|
||Cost||
||At 1 April 2022|131,831|
||Additions|11,159|
||At 31 March 2023|142,990|
||Depreciation||
||At 1 April 2022|115,538|
||Charge for the year|12,709|
||At 31 March 2023|128,247|
||Net book value||
||At 31 March 2023|14,743|
||At 31 March 2022|16,293|
##
##
##
##
||||Group|
|---|---|---|---|
|||Group|As restated|
|||2023|2022|
|Trade debtors||19,168|67,812|
|Amounts
owed by related parties|||14,353|
|Other debtors||41,673|24,262|
|Prepayments|and accrued income|320,914|288,697|
|||381,755|395,124|
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||||F||F|
|Trade creditors|||57,937|34,236|||
|Other taxation and social security|||34,326|43,636|||
|Other creditors|||40,275|10,007|||
|Accruals|and deferred|income|960,280|1,002,948|2,330|2,397|
||||1,092,818|1,090,827|2,330|2,397|
||||||Group|Group|
||||||2023|2022|
|||||||F|
|Deferred|income at 1|April 2022|||852,708|1,116,985|
|Deferred|during the year||||815,674|1,539,113|
|Amounts|released||||(852,708)|(1,803,390)|
||||||815,674|852,708|
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##
|Summary|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2021|Income|Expenditure|(Losses)|2022|
|||F|F|F|F|F|
|Designated|funds|269,000||||269,000|
|General funds||828,347|2,381,538|(1,772,749)|9,855|1,446,991|
|Restricted|funds|260,135|1,862,234|(1,769,488)||352,881|
|||1,357,482|4,243,772|(3,542,237)|9,855|2,068,872|
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2022|Income|Expenditure|in/out|(Losses)|2023|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Porffolio work|269,000|||||269,000|
|General funds|||||||
|General funds|1,446,991|1,525,703|(2,565,991)|(22,401)|(15,560)|368,742|
|Total|||||||
|Unrestricted|||||||
|funds|1,715,991|1,525,703|(2,565,991)|(22,401)|(15,560)|637,742|
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/|31 March|
|||April 2022|Income|Expenditure|in/out|(Losses)|2023|
||||F|F|F||F|
|Restricted||||||||
|funds||||||||
|JRCT||8,678||(2,215)|||6,463|
|Khamatayan||2,754|||||2,754|
|Muktee||104,738|63,535|(122,446)|(45,827)|||
|OAK||69,369|166,008|(158,586)|||76,791|
|Homeworkers||2,944|220,261|(205,261)|||17,944|
|Tanzania-||||||||
|Disability|main|29,563|88,572|(118,135)||||
|Catalyst||95,000||(95,000)||||
|PAPOWE||65,512|5,000||(70,512)|||
|Supporting|tea|||||||
|workers||3,271||(6,533)|||(3,262)|
|Laudes||||||||
|foundation||5,418|||||5,418|
|Halcrow||||||||
|foundation||13,719||(9,980)|||3,739|
|WEE|||590,038|(585,038)|||5,000|
|SAWA||(50,875)|36,036|14,839||||
|Muktee 2||||(28,334)|45,827||17,493|
|UKAM|||238,356|(238,356)||||
|Oak- Tea|||147,906|(142,434)|||5,472|
|Laudes Garment||||||||
|Work|||83,288||||83,288|
|Strengthening||||||||
|Farmers||||||||
|Association||||(22,401)|22,401|||
|PGM Pilot||||(32,036)|70,512||38,476|
|Other small||||||||
|funds||2,790|58,949|(36,423)|||25,316|
|||352,881|1,697,949|(1,788,339)|22,401||284,892|
|Total offunds||2 068 872|3 223 652|(4354330)||(15,560)|922,634|
##
##
|Statement of|funds|- prior y|ear|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at|||Gains/|31 March|
||||1 April 2021|Income|Expenditure|(Losses)|2022|
||||F|F|F|F|F|
|Unrestricted|funds|||||||
|Porffolio work|||269,000||||269,000|
|General funds||||||||
|General funds|||828,347|2,381,538|(1,772,749)|9,855|1,446,991|
|Total Unrestricted||funds|1,097,347|2,381,538|(1,772,749)|9,855|1,715,991|
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at|||Gains/|31 March|
|||||1 April 2021|Income|Expenditure|(Losses)|2022|
|Restricted||funds|||||||
|JRCT||||11,000|4,730|(7,052)||8,678|
|Khamatayan||||18,000|309,889|(325,135)||2,754|
|Muktee||||81,000|311,916|(288,178)||104,738|
|OAK||||79,000|135,884|(145,515)||69,369|
|Homeworkers||||(15,000)|224,048|(206,104)||2,944|
|Juice||||(10,000)|26,986|(16,986)|||
|Tanzania|-|Disability|main|7,135|181,505|(159,077)||29,563|
|Catalyst||||95,000||||95,000|
|PAPOWE||||2,000|63,512|||65,512|
|Supporting||tea workers||12,000|12,579|(21,308)||3,271|
|Laudes foundation|||||42,174|(36,756)||5,418|
|Matrix fund||||5,000||||5,000|
|WEE||||(1,000)|346,410|(345,410)|||
|SAWA||||(24,000)|178,695|(205,570)||(50,875)|
|Halcrow Foundation|||||21,950|(8,231)||13,719|
|CCP Extra|||||1,956|(4,166)||(2,210)|
|||||260,135|1,862,234|(1,769,488)||352,881|
|Total offunds||||1,357,482|4,243,772|(3,542,237)|9,855|2,068,872|
##
##
##
||Analysis|ofn|et|asse|ts|betwe|en|funds|- c|urr|ent|year|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Unrestricted||Restricted|Total|
|||||||||||||||funds|funds|funds|
|||||||||||||||2023|2023|2023|
||Tangible|fixed|assets|||||||||||14,743||14,743|
||Current assets|||||||||||||897,813|1,100,566|1,998,379|
||Creditors|due|within||one year|||||||||(274,814)|(815,674)|(1,090,488)|
||Total|||||||||||||637,742|284,892|922,634|
||Analysis|ofnet||assets||between||funds|- prior year||||||||
||||||||||||||Unrestricted||Restricted|Total|
|||||||||||||||funds|funds|funds|
|||||||||||||||2022|2022|2022|
|||||||||||||||F||F|
||Tangible|fixed|assets|||||||||||16,293||16,293|
||Intangible|fixed||assets||||||||||4,342||4,342|
||Current assets|||||||||||||1,908,451|1,230,613|3,139,064|
||Creditors|due|within||one year|||||||||(213,095)|(877,732)|(1,090,827)|
||Total|||||||||||||1,715,991|352,881|2,068,872|
|21.|Reconciliation|||of net movement||||in funds||to|net|cash flow|from operating||activities||
||||||||||||||||Group|Group|
||||||||||||||||2023|2022|
||Net
income/expenditure|||||for|the|year|(as||per|Statement|of|Financial|||
||Activities)||||||||||||||(1,130,678)|701,535|
||Adjustments||for:||||||||||||||
||Depreciation
charges||||||||||||||17,051|25,445|
||Decrease/(increase)||||in debtors||||||||||13,369|(41,695)|
||Increase/(decrease)||||in creditors||||||||||1,991|(200,768)|
||Interest received||||||||||||||(2,738)|(1,880)|
||Net cash|(used||in)/provided|||by|operating||activities|||||(1,101,005)|482,637|
##
##
##
##
##
|Principal
actuarial
a|ssump|tion|s|at the balance sheet date (expresse|d as weighted
averages):||
|---|---|---|---|---|---|---|
||||||At 31 March|At 31 March|
||||||2023|2022|
||||||0/||
|Discount rate|||||4.60|2.60|
|Expected rate of inflation||(CPI)|||2.75|3.15|
|Rate ofincrease of|pensions||accrued post 5 April 1997||2.75|3.15|
|Rate of revaluation|ofdeferred|||pensions|2.75|3.15|
||At 31 March|At 31 March|
|---|---|---|
||2023|2022|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|22.1|21.3|
|-at 65 for a male aged 45 now|23.5|22.3|
|-for a female aged 65 now|24.5|23.2|
|-at 65 for a female aged 45 now|26.0|24.4|
##
##
##
|The group's shar|e ofthe|assets
in the scheme was:|||
|---|---|---|---|---|
||||At 31 March|At 31 March|
||||2023|2022|
|Equities|||233,000|262,000|
|Gilts|||319,000||
|Bonds|||858,000|1,426,000|
|Cash|||33,000||
|Other||||23,000|
|Value recognised|limited|under FRS102|(61,000)|(60,000)|
|Total fair value|ofassets||1,382,000|1,651,000|
|Moveme|nts
in th|e presen|t value ofthe defined
benefit obl|igation
were as follows:||
|---|---|---|---|---|---|
|||||2023|2022|
||||||F|
|Opening|defined|benefit|obligation|(1,651,000)|(1,650,000)|
|Benefits|paid|||(42,000)|55,000|
|Interest|cost|||66,000|(32,000)|
|Actuarial|gain/(losses)|||245,000|(24,000)|
|Closing|defined|benefit|obligation|(1,382,000)|(1,651,000)|
|Movements
in the|fair va|lue oft|he group's share ofscheme|assets were as follows:||
|---|---|---|---|---|---|
|||||2023|2022|
|Opening
fair value|ofscheme assets|||1,711,000|1,841,000|
|Interest income||||44,000|35,000|
|Return on plan assets excluding|||interest|(246,000)|(110,000)|
|Benefits paid||||(66,000)|(55,000)|
|Value recognised|limited|under|FRS102|(61,000)|(60,000)|
|||||1,382,000|1,651,000|
##
##
|||2023|2022|
|---|---|---|---|
||||F|
|Present value ofdefined|benefit obligations|(1,382,000)|(1,651,000)|
|Fair value of plan assets||1,382,000|1,651,000|
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##
##
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|Not later than||1 year|24,901|23,711|24,901|23,711|
|Later than|1 year and not later than 5years||15,805||15,805||
||||40,706|23,711|40,706|23,711|
##
##
##