NIPSA GLOBAL SOLIDAIUTY AND DEYELOPIP*'G WORLD FUND STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENJ)LD 31 DECEMBER 2021 2021 Total 2020 Total Note Urtresti'icled Funds Income and Endoiviiienls Froiii.. Donations and lega¢i¢s'. GAYE NICVA (gift aid) NIPSA General Council NIPSA Retired Members Group chilable TIst Other Donations Other ti?ding activities.. Conference quiz and donations 12,105 376 7,500 12,208 286 7,500 200 57 776 57 20,038 21,027 Expenditure On." Raising fijnds Charitable activities Other costs 16,000 28,000 16,000 28,000 Net Ineoiiie and Moveiiient in Funds 4,038 (6,973) Reconciliation of Fuiids Total fuiids brought fonvard Net mov¢inent in funds 14,208 4,038 21,181 (6,973) Total Funils Cai'ried Forward 18,246 14,208
NIPSA GLOBAL SOLIDARITY AND DEVELOPING WORLD FUND BALANCE SHEETAS A T31 DECEMBER 2021 Note 2021 2020 CurrentAssets Cash al bank and in hand Trade debtors 18,245 14,208 CurreiitLiabilities Creditors: Amounts falling due within one 18,246 14.208 Fuiids ofthe Cliarity.. Unrestricted fimds 18,246 14,208 These finarnctal slateinents wei'e appioved by the management committee on I September 2022 and signed on tlieir behalf by: Jane Scott Chairperson Ruaidhi'i O'sanduir Vtce-chairperson
NIPSA GLOBAL SOLIDAIUTY AND DEVELOPING WORU) FU]VD NOTES TO THE FI]VANCJAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Sta*ement o Coin liaiice Th¢ financial statements have been prepai¢d in accordance with Charities SORP (FRS 102) Accounting and Reporting by Chwities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Rep()rting Standard appliLdble in the UK and R¢public of Ireland (fRS 102) (effective l January 2015). NIPSA Global Solidarity and Developing World Fund meets the defjnition of a public benefit entity as defined by FRS 102. Accountin Policies Basis ofPrepuration The financial statements have been prepared on the historical cost basis, as inodified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit oi- loss. The tinancial statements ar¢ prepared in sterling, which 18 the functional currency of the charity. FundAc¢ouAting Unrestrieted funds are general funds which &re available for use at th¢ discretion of the managem¢nt committee, in rther]ce of the geneial objectives of the Charity and have not been designated for oth¢r purposes. Re8tricted fuiids are funds whicli are to be used in accordance with specific testrictions imposed by doiiors 01- whicl) have been raised by the trust foi. particular purposes. The costs of raising and administering such funds are charged against the spe¢iff¢ fimd. Incopiie Résoiii'ces All incoming i"esourccs are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accui"a¢y. io
Resourcej EYpeAded All expenditure is accounted for on an a¢¢ruals basis. Costs of generating funds are thos¢ costs Incurred in attracting voluntary income. Fundraising Costs are those costs incurred in trading activities that rais¢ fvnds. Charitabl¢ expenditure comprises those costs inCTed by the charity iij the delivery of its activities and services to its beneficiaries. It ineludes both costs that can be alloc&ted directly to such activities and those ¢osts of an indirect nature necessary to support them. Taxation NIFSA Global Solidarity and Developing Woi'ld Fund is recognised as a charity by H. M. Revenu¢ and Customs. It is exPt frorn income tax as all its income is applied for charitable purposes. Charitable Activities Cliaritable activities conskst of gLits made to the following organisations: 2021 2020 Centre for Global Education Educating RegeeS Pyscho-social Suppoit Tools for Solidarity 11,000 11,000 12,000 5,(100 5,000 16.000 28,000 Other Costs 2021 2020 Accountancy
Cveditors.. Amounts Fallin Due Within One Year 2021 2020 A¢¢ruals and deferred income Moveiiient in Funds Balunce ot Balance at l January Inconiing Outgoing 31 Deeeiiiber 2021 Resoui'ces Resources 2021 Unrestricted funds 14,208 20,038 16,000 18,246 Total Funds 14,208 20,038 16,000 18,246 12