| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, | its Trustees and Advisers | |||
| Trustees' Report |
2-17 | ||||
| Independent | Auditors' | Report | on the Financial Statements | 18-21 | |
| Consolidated | Statement of Financial Activities | 22 | |||
| Consolidated | Balance | Sheet | 23-24 | ||
| Charity Balance Sheet | 25-26 | ||||
| Consolidated | Statement ofCash Flows | 27 | |||
| Notes to the | Financial | Statements | 28-57 |
| Trustees | Dr Robin Bidwell | CBE,Chair | CBE,Chair | CBE,Chair | CBE,Chair | ||||
|---|---|---|---|---|---|---|---|---|---|
| Mr Andrew Powell |
|||||||||
| Ms Idunn Eidheim |
|||||||||
| Ms Charlotte Wolff-Bye |
|||||||||
| Dr Jennifer Zerk | |||||||||
| Mr James Sloane | |||||||||
| Dr Kathleen Mackinnon |
|||||||||
| Mr Alasdair Poore | |||||||||
| Professor William | Adams | ||||||||
| Mr Robin Mortimer | |||||||||
| Company | registered | ||||||||
| number | 02330031 | ||||||||
| Charity registered | |||||||||
| number | 328044 | ||||||||
| Registered | office | 219 Huntingdon Road |
|||||||
| Cambridge | |||||||||
| CB3 ODL | |||||||||
| Key Management | Mr Jonathan Hughes, |
Chief Executive Officer | |||||||
| Personnel | Professor Neil Burgess, Chief Scientist |
||||||||
| Mr Evgeny Dmitriev | (resigned | May 2021) | |||||||
| Dr Naomi Kingston, |
Head of Operations | ||||||||
| Ms Hannah Braithwaite, |
Head | of External | Affairs | ||||||
| Independent | auditors | Peters Elworthy 8 Moore | |||||||
| Chartered Accountants |
|||||||||
| Salisbury House |
|||||||||
| Station Road | |||||||||
| Cambridge | |||||||||
| CB1 2LA | |||||||||
| Bankers | Barclays Bank | ||||||||
| 9-11StAndrews | Street | ||||||||
| Cambridge | |||||||||
| CB2 3AA | |||||||||
| Solicitors | Mills and Reeve | ||||||||
| Botanic House | |||||||||
| 100 Hills Road | |||||||||
| Cambridge | |||||||||
| CB2 1PH |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2020 | 2020 | 2020 | 2019 | |||
| Note | ||||||
| INCOME FROM: | ||||||
| Donations | 1,027,111 | 1,027,111 | 917,041 | |||
| Charitable activities |
9,278,257 | 4,920,035 | 14,198,292 | 11,753,038 | ||
| Other trading activities |
55,944 | 55,944 | 61,538 | |||
| Investments | 52 | 52 | ||||
| TOTAL INCOME | 10,361,312 | 4,920,087 | 15,281,399 | 12,731,617 | ||
| EXPENDITURE ON: | ||||||
| Charitable activities |
8 | 10,215,459 | 4,946,144 | 15,161,603 | 12,509,086 | |
| TOTAL EXPENDITURE | 10,215,459 | 4,946,144 | 15,161,603 | 12,509,086 | ||
| NET MOVEMENT | IN FUNDS | 145,853 | (26,057) | 119,796 | 222,531 | |
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 3,162,614 | 758,473 | 3,921,087 | 3,698,556 | |
| Net movement in funds |
145,853 | (26,057) | 119,796 | 222,531 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,308,467 | 732,416 | 4,040,883 | 3,921,087 |
| As restated | |||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Note | |||||||
| FIXEDASSETS | |||||||
| Intangible assets |
13 | 13,029 | 57,285 | ||||
| Tangible assets | 14 | 1,069,254 | 1,003,467 | ||||
| Investments | 15 | 859 | |||||
| Social investments | 16 | 642,928 | 759,145 | ||||
| 1,725,211 | 1,820,756 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 17 | 2,999,570 | 3,432,162 | ||||
| Cash at bank and | in | hand | 9,144,333 | 6,187,811 | |||
| 12,143,903 | 9,619,973 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 18 | (9,457,766) | (7,518,970) | ||||
| NET CURRENT ASSETS | 2,686,137 | 2,101,003 | |||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 19 | (459,953) | |||||
| TOTAL NET ASSETS | 3,951,395 | 3,921,759 | |||||
| CHARITY FUNDS | |||||||
| Restricted funds: | |||||||
| General unrestricted |
funds | 22 | 2,869,112 | 2,861,007 | |||
| Designated funds |
22 | 1,082,283 | 1,060,752 | ||||
| Total unrestricted | funds | 22 | 3,951,395 | 3,921,759 | |||
| TOTAL FUNDS | 3,951,395 | 3,921,759 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Note | E | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Net cash | used in operating activities |
24 | 3,327,162 | 3,951,341 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Dividends, | interests and rents from investments |
52 | |||
| Purchase | of intangible assets |
(8,000) | |||
| Purchase | oftangible fixed assets |
(233,256) | (83,669) | ||
| NET CASH USED IN INVESTING ACTIVITIES | (241,204) | (83,669) | |||
| CHANGE | IN CASH AND CASH EQUIVALENTS | IN THE YEAR | 3,085,958 | 3,867,672 | |
| Cash and | cash equivalents at the beginning ofthe year |
6,187,843 | 2,320,171 | ||
| CASH AND CASH EQUIVALENTS AT THE END | OF THE YEAR | 25 | 9,273,801 | 6,187,843 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020f | 2020 | 2019 | ||
| Project | income | 9,278,257 | 4,920,035 | 14,198,292 | 11,753,038 |
| TOTAL | 2019 | 8,937,676 | 2,815,362 | 11,753,038 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| Rent | 55,944 | 55,944 | 61,538 | |
| TOTAL 2019 | 61,538 | 61,538 | ||
| 7. | INVESTMENT INCOME | |||
| Restricted | Total | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| Bank interest | 52 | |||
| 52 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| Support of conservation | and biodiversity | ||||
| initiatives | 10,215,459 | 4,946,144 | 15,161,603 | 12,509,086 | |
| TOTAL 2019 | 9,693,052 | 2,816,034 | 12,509,086 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| Support of conservation | and biodiversity | ||||
| initiatives | 11,711,125 | 3,450,478 | 15,161,603 | 12,509,086 | |
| TOTAL 2019 | 8,811,079 | 3,698,007 | 12,509,086 |
| Support of | |||||
|---|---|---|---|---|---|
| conservation | |||||
| and | |||||
| biodiversity | Total | Total | |||
| initiatives | funds | funds | |||
| 2020 | 2020 | 2019 | |||
| Staff costs | 5,387,349 | 5,387,349 | 4,669,838 | ||
| Collaborators | & consultants | 6,233,817 | 6,233,817 | 3,330,249 | |
| Travel and subsistence | 168,793 | 168,793 | 882,561 | ||
| Conferences | and | meetings | 7,576 | 7,576 | 4,857 |
| Foreign currency | (gain)/loss | (86,410) | (86,410) | (76,426) | |
| 11,711,125 | 11,711,125 | 8,811,079 | |||
| TOTAL 2019 | 8,811,079 | 8,811,079 |
| Support of | ||||
|---|---|---|---|---|
| conservation | ||||
| and | ||||
| biodiversity | Total | Total | ||
| initiatives | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| Staff costs | 852,674 | 852,674 | 739,111 | |
| Staff training | and welfare | 133,155 | 133,155 | 274,461 |
| Promotion | 20,363 | 20,363 | 27,212 | |
| Printing, postage and stationery |
83,700 | 83,700 | 97,933 | |
| Subscriptions | 272,352 | 272,352 | 269,822 | |
| Premises costs | 146,167 | 146,167 | 157,379 | |
| Insurance costs |
69,617 | 69,617 | 84,330 | |
| Office equipment | 1,346,979 | 1,346,979 | 1,352,161 | |
| Bank charges | 12,558 | 12,558 | 18,213 | |
| Bad debts | 50,000 | 50,000 | ||
| Depreciation | 217,913 | 217,913 | 165,527 | |
| Other | 151,896 | 151,896 | 432,003 | |
| Governance | costs (note 10) | 93,104 | 93,104 | 79,855 |
| 3,450,478 | 3,450,478 | 3,698,007 | ||
| TOTAL 2019 | 3,698,007 | 3,698,007 |
| Analysis ofgovernance costs |
||
|---|---|---|
| 2020 | 2019 | |
| Legal and professional | 69,878 | 47,785 |
| Trustee expenses | 1,127 | 3,774 |
| Audit fees | 22,099 | 28,296 |
| 93,104 | 79,855 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| F | |||||||
| Fees payable | to the Charity's | auditor | for the audit ofthe Charity's | annual | |||
| accounts | 12,500 | 14,150 | |||||
| Fees payable | to the Charity's | auditor | in respect of: | ||||
| All non-audit | services not included | above | 3,500 | 9,260 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| Wages and salaries | 5,207,006 | 4,476,945 | 5,110,251 | 4,476,945 |
| Social security costs | 500,138 | 447,677 | 482,183 | 447,677 |
| Pension costs | 532,879 | 484,327 | 528,918 | 484,327 |
| 6,240,023 | 5,408,949 | 6,121,352 | 5,408,949 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |||
| No. | No. | No. | No. | |||
| Management | and administration | 16 | 12 | 13 | 12 | |
| Research and | operational | staff | 145 | 121 | 143 | 121 |
| 161 | 133 | 156 | 133 |
| Group | Group |
|---|---|
| 2020 | 2019 |
| No. | No. |
| 13. | INTANGIBLE ASSETS | |
|---|---|---|
| GROUP AND CHARITY | ||
| Software | ||
| COST | ||
| At 1 January 2020 | 150,090 | |
| Additions | 8,000 | |
| At 31 December 2020 | 158,090 | |
| AMORTISATION | ||
| At 1 January 2020 | 92,805 | |
| Charge for the year | 52,256 | |
| At 31 December 2020 | 145,061 | |
| NET BOOK VALUE | ||
| At 31 December 2020 | 13,029 | |
| At 31 December 2019 | 57,285 |
| Long-term | Fixtures, | |||
|---|---|---|---|---|
| leasehold | fittings and | Computer | ||
| property | equipment | equipment | Total | |
| COST OR VALUATION | ||||
| At 1 January 2020 | 1,698,932 | 114,646 | 255,964 | 2,069,542 |
| Additions | 118,330 | 114,924 | 233,254 | |
| At 31 December 2020 | 1,698,932 | 232,976 | 370,888 | 2,302,796 |
| DEPRECIATION | ||||
| At 1 January 2020 | 899,286 | 51,868 | 114,921 | 1,066,075 |
| Charge for the year | 33,978 | 28,901 | 102,778 | 165,657 |
| Foreign exchange movement |
(2) | (2) | ||
| At 31 December 2020 | 933,264 | 80,767 | 217,699 | 1,231,730 |
| NET BOOK VALUE | ||||
| At 31 December 2020 | 765,668 | 152,209 | 153,189 | 1,071,066 |
| At 31 December 2019 | 799,646 | 62,778 | 141,043 | 1,003,467 |
| Long-term | Fixtures, | |||
|---|---|---|---|---|
| leasehold | fittings and | Computer | ||
| property | equipment | equipment | Total | |
| COST OR VALUATION | ||||
| At 1 January 2020 | 1,698,932 | 114,646 | 255,964 | 2,069,542 |
| Additions | 116,367 | 114,924 | 231,291 | |
| At 31 December 2020 | 1,698,932 | 231,013 | 370,888 | 2,300,833 |
| DEPRECIATION | ||||
| At 1 January 2020 | 899,286 | 51,868 | 114,921 | 1,066,075 |
| Charge for the year | 33,978 | 28,748 | 102,778 | 165,504 |
| At 31 December 2020 | 933,264 | 80,616 | 217,699 | 1,231,579 |
| NET BOOK VALUE | ||||
| At 31 December 2020 | 765,668 | 150,397 | 153,189 | 1,069,254 |
| At 31 December 2019 | 799,646 | 62,778 | 141,043 | 1,003,467 |
| Investments | |||
|---|---|---|---|
| in | |||
| subsidiary | |||
| companies | |||
| At 1 January 2020 (as | previously | stated) | 760,004 |
| Prior year adjustment | (note 16) | (759,145) | |
| At 1 January 2020 (as | restated) | 859 | |
| Disposals | (859) | ||
| AT 31 DECEMBER 2020 | |||
| NET BOOK VALUE | |||
| At 31 December 2020 | |||
| 859 | |||
| At 31 December 2019 | (as restated) |
| Programme | |||
|---|---|---|---|
| related | |||
| investments | |||
| COST OR VALUATION | |||
| At 1 January 2020 (as | previously | stated) | |
| Prior year adjustment | (note 15) | 759,145 | |
| 759,145 | |||
| IMPAIRMENT PROVISION |
|||
| Provision for the year |
(116,217) | ||
| 116,217 | |||
| NET BOOK VALUE | |||
| At 31 December 2020 | 642,928 | ||
| At 31 December 2019 | (as restated) | 759,145 |
| Group | Group | Charity | Charity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |||||||
| E | ||||||||||
| DUE WITHIN ONE | YEAR | |||||||||
| Trade debtors | 1,365,187 | 2,305,922 | 1,365,187 | 2,305,922 | ||||||
| Accrued income |
1,291,109 | 860,301 | 1,291,109 | 860,301 | ||||||
| Other debtors | 183,701 | 171,101 | 175,160 | 171,101 | ||||||
| Prepayments | 82,691 | 60,090 | 125,524 | 60,085 | ||||||
| Financial assets |
at | fair | value | through | profit | |||||
| and loss | 42,590 | 34,753 | 42,590 | 34,753 | ||||||
| 2,965,278 | 3,432,167 | 2,999,570 | 3,432,162 | |||||||
| CREDITORS: AMOUNTS | FALLING DUE | WITHIN | ONE YEAR | |||||||
| Group | Group | Charity | Charity | |||||||
| 2020 | 2019 | 2020 | 2019 | |||||||
| Trade creditors | 352,972 | 267,512 | 344,955 | 267,512 | ||||||
| Amounts owed to |
group undertakings | 218,496 | 759,999 | |||||||
| Other taxation and | social | security | 161,662 | 137,528 | 160,723 | 137,527 | ||||
| Other creditors | 95,762 | 110,109 | 79,077 | 109,406 | ||||||
| Accruals and deferred | income | 8,660,760 | 6,189,105 | 8,643,380 | 6,189,105 | |||||
| Financial liabilities |
at | fair | value | through | profit | |||||
| and loss | 11,135 | 55,421 | 11,135 | 55,421 | ||||||
| 9,282,291 | 6,759,675 | 9,457,766 | 7,518,970 |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |||||
| E | ||||||||
| Group | Group | Charity | Charity | |||||
| 2020 | 2019 | 2020 | 2019 | |||||
| Deferred | income at | 1 January 2020 | 5,849,305 | 2,429,418 | 5,849,305 | 2,429,418 | ||
| Resources deferred | during the year | 8,119,450 | 5,849,305 | 8,112,166 | 5,849,305 | |||
| Amounts | released | from previous | periods | (5,849,305) | (2,429,418) | (5,849,305) | (2,429,418) | |
| 8,119,450 | 5,849,305 | 8,112,166 | 5,849,305 |
| Charity | Charity | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Amounts | owed | to | group | undertakings | 459,953 |
| Group | Group | Charity | Charity | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |||||||||
| E | ||||||||||||
| FINANCIAL | ASSETS | |||||||||||
| Financial | assets | measured | at | fair | value | |||||||
| through | income and | expenditure | 9,316,391 | 6,222,596 | 9,186,923 | 6,222,564 | ||||||
| Group | Group | Charity | Charity | |||||||||
| 2020 | 2019 | 2020 | 2019 | |||||||||
| FINANCIAL | LIABILITIES | |||||||||||
| Derivative | financial | instruments | measured | at | ||||||||
| fair value |
through | income | and | expenditure | ||||||||
| held as | part ofa trading portfolio |
(11,135) | (55,421) | (11,135) | (55,421) |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Transfers | December | |||||
| 2020 | Income | Expenditure | in/out | 2020 | |||
| UNRESTRICTED FUNDS | |||||||
| Unrestricted | general | funds | 2,101,862 | 10,361,312 | (10,215,459) | (21,531) | 2,226,184 |
| Designated | funds - | Fixed Asset | |||||
| fund | 1,060,752 | 21,531 | 1,082,283 | ||||
| 3,162,614 | 10,361,312 | (10,215,459) | 3,308,467 | ||||
| RESTRICTED FUNDS | |||||||
| WCMC Beijing | 758,473 | 101,298 | (123,893) | 735,878 | |||
| WCMC Europe | 79,211 | (82,673) | (3,462) | ||||
| Restricted | projects | 4,739,578 | (4,739,578) | ||||
| 758,473 | 4,920,087 | (4,946,144) | 732,416 | ||||
| TOTAL OF FUNDS | 3,921,087 | 15,281,399 | (15,161,603) | 4,040,883 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | |||||||
| 1 January | As restated | As restated | Transfers | December | ||||
| 2019 | Income | Expenditure | in/out | 2019 | ||||
| F | P | |||||||
| UNRESTRICTED FUNDS | ||||||||
| Unrestricted | general | funds | 2,559,235 | 12,731,617 | (12,508,414) | (680,576) | 2,101,862 | |
| Designated | funds - | Fixed Asset | ||||||
| fund | 1,139,321 | (78,569) | 1,060,752 | |||||
| 3,698,556 | 12,731,617 | (12,508,414) | (759,145) | 3,162,614 | ||||
| RESTRICTED FUNDS | ||||||||
| WCMC Beijing | (672) | 759,145 | 758,473 | |||||
| Restricted | projects | 2,815,362 | (2,815,362) | |||||
| 2,815,362 | (2,816,034) | 759,145 | 758,473 | |||||
| TOTAL OF | FUNDS | 3,698,556 | 15,546,979 | (15,324,448) | 3,921,087 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | |||||||
| 1 January | Transfers | Gains/ | December | |||||
| 2020 | Income | Expenditure | in/out | (losses) | 2020 | |||
| f | f | |||||||
| UNRESTRICTED | ||||||||
| FUNDS | ||||||||
| Unrestricted | ||||||||
| general funds | 2,861,007 | 10,535,940 | (10,390,087) | (21,531) | (116,217) | 2,869,112 | ||
| Designated fixed asset |
funds- fund |
1,060,752 | 21,531 | 1,082,283 | ||||
| 3,921,759 | 10,535,940 | (10,390,087) | (116,217) | 3,951,395 | ||||
| RESTRICTED | ||||||||
| FUNDS | ||||||||
| Restricted | projects | 4,739,578 | (4,739,578) | |||||
| 4,739,578 | (4,739,578) | |||||||
| TOTAL OF FUNDS |
3,921,759 | 15,275,518 | (15,129,665) | (116,217) | 3,951,395 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | |||||||
| 1 January | Transfers | Gains/ | December | |||||
| 2019 | Income | Expenditure | in/out | (losses) | 2019 | |||
| f | f | |||||||
| UNRESTRICTED | ||||||||
| FUNDS | ||||||||
| Unrestricted | ||||||||
| general funds | 2,559,235 | 9,916,255 | (9,693,052) | 78,569 | 2,861,007 | |||
| Designated fixed asset |
funds- fund |
1,139,321 | (78,569) | 1,060,752 | ||||
| 3,698,556 | 9,916,255 | (9,693,052) | 3,921,759 | |||||
| RESTRICTED | ||||||||
| FUNDS | ||||||||
| Restricted | projects | 2,815,362 | (2,815,362) | |||||
| 2,815,362 | (2,815,362) | |||||||
| TOTAL OF FUNDS |
3,698,556 | 12,731,617 | (12,508,414) | 3,921,759 |
| GROUP | ANALYSIS OF NET ASSETS BETW | EEN FUNDS - CURRENT PERI | OD | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| Tangible | fixed assets | 1,069,254 | 1,812 | 1,071,066 |
| Intangible | fixed assets | 13,029 | 13,029 | |
| Current assets | 11,411,688 | 827,391 | 12,239,079 | |
| Creditors | due within one year | (9,185,504) | (96,787) | (9,282,291) |
| TOTAL | 3,308,467 | 732,416 | 4,040,883 |
| GROUP | ANALYSIS OF NET ASSETS BETW | EEN FUNDS - PRIOR PERIOD | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2019 | 2019 | 2019 | ||
| F | ||||
| Tangible | fixed assets | 1,003,467 | 1,003,467 | |
| Intangible | fixed assets | 57,285 | 57,285 | |
| Current assets | 8,860,833 | 759,177 | 9,620,010 | |
| Creditors | due within one year | (6,758,971) | (704) | (6,759,675) |
| TOTAL | 3,162,614 | 758,473 | 3,921,087 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| Tangible | fixed assets | 1,069,254 | 1,069,254 |
| Intangible | fixed assets | 13,029 | 13,029 |
| Investments | 642,928 | 642,928 | |
| Current assets | 12,143,903 | 12,143,903 | |
| Creditors | due within one year | (9,457,766) | (9,457,766) |
| Creditors | due after one year | (459,953) | (459,953) |
| TOTAL | 3,951,395 | 3,951,395 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2019 | 2019 | ||
| Tangible | fixed assets | 1,003,467 | 1,003,467 |
| Intangible | fixed assets | 57,285 | 57,285 |
| Investments | 760,004 | 760,004 | |
| Current assets | 9,619,973 | 9,619,973 | |
| Creditors | due within one year | (7,518,970) | (7,518,970) |
| 3,921,759 | 3,921,759 |
| RECONCILIATION | RECONCILIATION | OF NET MOVEMENT | IN | FUNDS | TO | NET CASH | FLOW FROM | OPERATING | |
|---|---|---|---|---|---|---|---|---|---|
| 24. | ACTIVITIES | ||||||||
| Group | Group | ||||||||
| 2020 | 2019 | ||||||||
| Net income | for the period (as per Statement | of Financial | Activities) | 119,796 | 222,531 | ||||
| ADJUSTMENTS FOR: | |||||||||
| Depreciation | charges | 165,657 | 117,976 | ||||||
| Amortisation | charges | 52,256 | 44,262 | ||||||
| Dividends, | interests | and rents from investments | (52) | ||||||
| Decrease in debtors |
474,726 | 443,295 | |||||||
| Increase in |
creditors | 2,566,902 | 3,203,503 | ||||||
| Fair value (gains) on | forward exchange contracts | (52,123) | (80,226) | ||||||
| NET CASH | PROVIDED BYOPERATING ACTIVITIES | 3,327,162 | 3,951,341 | ||||||
| 25. | ANALYSIS | OF CASH AND CASH EQUIVALENTS | |||||||
| Group | Group | ||||||||
| 2020 | 2019 | ||||||||
| Cash in hand |
9,273,801 | 6,187,843 | |||||||
| TOTAL CASH AND | CASH EQUIVALENTS | 9,273,801 | 6,187,843 | ||||||
| 26. | ANALYSIS | OF CHANGES IN NET DEBT |
|||||||
| At 1 | Other non- | At 31 | |||||||
| January | cash | December | |||||||
| 2020 | Cash flows | changesf | 2020 | ||||||
| Cash at bank and in |
hand | 6,187,843 | 3,085,958 | 9,273,801 | |||||
| Derivatives | 34,753 | 7,837 | 42,590 | ||||||
| 6,222,596 | 3,085,958 | 7,837 | 9,316,391 |
| payments | und | er non-cancellable operating leas |
es as follows: | |||
|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | |||
| 2020 | 2019 | 2020 | 2019 | |||
| E | ||||||
| Not later than | 1 year | 33,289 | 33,289 | 33,289 | 33,289 | |
| Later than | 1 year and not later than 5years | 114,123 | 133,155 | 114,123 | 133,155 | |
| Later than | 5years | 19,481 | 19,481 | |||
| 147,412 | 185,925 | 147,412 | 185,925 |