sciaf 2010 typesigned accounts
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7/31/2019 SCIAF 2010 Typesigned Accounts
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Company number: 197327Charity number: SC 012302
SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2010
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FINANCIAL STATEMENTSFOR YEAR ENDED 31 DECEMBER 2010
CONTENTS Page
Company information 1
Directors’ Report 2
Independent Auditors’ Report 8
Statement of financial activities 10
Balance sheet 11
Cash flow statement 12
Notes to the financial statements 13
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
Report of the Directors for the year ended 31 December 2010
The directors present their annual report and audited financial statements for the year ended 31December.
Reference and Administrative Information
Charity Name: Scottish Catholic International Aid Fund
Charity registration number: SC 012302
Company registration number: 197327 (Scotland)
Registered Office and 19 Park CircusOperational address: Glasgow
G3 6BE
Board of Directors
His Eminence K. P. Cardinal O’Brien (Chairman)Right Rev P. A. Moran (President)Most Rev M. J. ContiRight Rev J. A. MoneRight Rev I. Murray
Secretary
McSparran McCormick, Solicitors
Corporate Leadership Team
Paul Chitnis Chief Executive
Phillipa Bonnella Head of Communication and EducationLorraine Currie Head of International ProgrammesDonna Ulijn Head of Finance & IT
Finance & Audit Committee
Eleanor Taylor (Chair)Suzanne BunnissPaul McCormick
Auditors: Grant Thornton UK LLP, 95 Bothwell Street, Glasgow, G2 7JZ
Solicitors: McSparran McCormick, Solicitors, Waterloo Chambers,19 Waterloo Street, Glasgow
Bankers: Royal Bank of Scotland, Glasgow Charing Cross Branch,9 Clifton Place, Glasgow, G3 7JU
InvestmentManagers: Newton Investment Management Ltd., 2 Festival Square, Edinburgh, EH3 9SU
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
Report of the Directors for the year ended 31 December 2010
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Scottish Catholic International Aid Fund (“SCIAF”) is a company limited by guarantee,incorporated in Scotland (registration number 197327) and is also a Scottish charity registeredwith the Office of the Scottish Charity Regulator (charity reference number SC 012302). SCIAFis the official international aid and development agency of the Catholic Church in Scotland. Thememorandum and articles of association govern SCIAF.
Organisational structure
The Directors are responsible for the overall control of the charity. The directors give their timefreely and receive no remuneration or other financial benefits.
The Directors meet quarterly together with the Corporate Leadership Team and are responsiblefor overseeing the alignment between SCIAF’s vision, mission and values with its operational
activities. They approve organisational strategy including annual work plans and budgets toensure it is accountable and effective.
The day-to-day management of the organisation and implementation of plans are delegated tothe Corporate Leadership Team. This includes the implementation, monitoring and evaluationof development programes, support for overseas partners, fundraising, education andadvocacy.
Recruitment and appointment of directors
The existing directors are responsible for the appointment of new directors. In selecting newdirectors, we seek to identify qualified and committed people. All directors are appointed by theBishops’ Conference.
Induction and training of directors
Following appointment, new directors are briefed by the Board, Chief Executive and other managers. They are also given the opportunity to visit partner organisations in SCIAF’s areasof work. They are given a copy of the Memorandum and Articles of Association and introducedto SCIAF’s vision, mission, values and its operational activities including annual work-plans andbudgets.
Finance & Audit Committee
The members of the Committee are detailed on page 1. The key responsibilities of theCommittee are to advise the Board on the financial implications of the Board’s strategic and
financial decisions and to monitor the integrity of SCIAF’s internal and external financialstatements. The members of the Committee are appointed independently from the Board.
Risk Management
The Directors and Corporate Leadership Team have conducted a review of the major risks towhich SCIAF is exposed. SCIAF’s risk register identifies the major risks by area of activity, thenature of those risks, the likelihood of the risks happening and the measures taken to managethem. The directors review this risk register at least annually at their meetings. The aim of thisreview is to ensure directors are satisfied that systems are in place, or arrangements are inhand, to mitigate all significant risks.
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
OBJECTIVES AND ACTIVITIES
Our mission
Inspired by the gospel call to build a just world, SCIAF challenges injustice by strengtheningpoor and oppressed people and by stimulating the Scottish public to share in our common
struggle for human dignity.
Our objectives
The objectives set out in SCIAF’s Memorandum of Association are standard charitableobjectives to enable SCIAF to undertake the full range of charitable activities including the relief of poverty, advancement of education and the relief and prevention of sickness, disease, andphysical and mental disability anywhere in the world. The main goals of our work aresummarised as follows:
• To become more effective at working in partnership with poor communities
• To be an effective advocate of economic justice
• To increase SCIAF’s profile in Scotland and deepen our engagement with the public.
Strategies
SCIAF’s strategic focus is to support non-governmental organisations in 16 of the mostdeprived countries in the world. SCIAF gives priority to initiatives which focus on the needs andaspirations of people experiencing the most extreme forms of poverty and oppression. Weseek to provide integrated human development programmes which aim to be effective and self-sustaining in the long term. We provide financial and technical support primarily tocommunities, with a strong emphasis on a partnership approach to programme design,implementation and organisational and programme development.
SCIAF also provides grants for organisations in the UK and overseas which help to educateand raise awareness of the underlying causes of poverty and advocate for change and increaseSCIAF’s profile.
Use of volunteers
Volunteers are an important resource in the work of SCIAF, both operationally and incommunity work. Volunteers are involved in most of our activities and we have over 217 peopleregularly giving their time. All those volunteers working with projects in the UK involvingchildren or other vulnerable groups are checked with CRB.
ACTIVITIES AND ACHIEVEMENTS
How our activities deliver public benefit
SCIAF carries out a wide range of activities in pursuance of its charitable aims. The directorsconsider that these activities, summarised below, provide benefit both to the Catholic and wider community in our projects in Asia, Latin America and Africa.
Working in partnership with poor communities overseas
In 2010, SCIAF disbursed £3,735,273 million to over 68 development projects delivered by 56partners across 16 countries in Africa, Asia and Latin America. We continued to implement our new way of working as outlined in “SCIAF’s Approach to International Development” whichidentifies three key areas of work that SCIAF focuses on, namely: sustainable livelihoods,peace building and access to justice and HIV and AIDS; with 6 cross cutting issues Gender,Inclusion, Climate Change, HIV and AIDS, Environment and Disability as well as guiding
principles which shape the way we work. The number of people who benefited from our development programme in 2010 directly was 198,885 and 1.1 million indirectly. In 2010,successful applications to institutional donors ensured that we secured £1,864,050 for our
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development work overseas. We continued to employ a consultant in Uganda to oversee one of our biggest institutional grants, and a specialist on peace building and access to justice tosupport our work in the Great Lakes with survivors of sexually gender based violence. SCIAF’soverseas offices in Ethiopia and Sudan continued to support our local partners in deliveringsustainable development projects.
Responding to emergencies
Additionally in 2010, SCIAF responded to humanitarian emergencies in Haiti, Burma, Ethiopia,India, Indonesia, Pakistan and El Salvador by implementing 16 projects through 13 partners.Our emergency budget of £962,055 supported an estimated 111,284 people directly, and1,446,566 indirectly by meeting their immediate needs post emergency as well as earlyrecovery initiatives.
Education
This year, together with our schools volunteers’ team of 10, the Outreach Team visited over 200schools across Scotland. The new A Curriculum for Excellence in Scotland has increased theamount of requests for visits and our resources, as teachers of all subject areas and ages are
now required to add a dimension of global citizenship to their classes and have been seekingsupport from SCIAF. We have completed presentations and workshops at assemblies, classlevel and year group level. Two partner visits to schools were arranged – two Ethiopian partnersvisited 8 Scottish schools in February and a Ugandan partner visited 9 secondary schools inNovember. Both series of visits were well received and have deepened relationships with theselected schools. Two new resources were launched. The first is a global citizenship resourcefor Spanish and RE teachers, Ciudadanos del Mundo, which focuses on the life of Oscar Romero and SCIAF’s work in El Salvador, and complements the Citoyens du Monde resourcepreviously launched for French teachers, about SCIAF’s work in the DRC. The second newresource launched is Project Connect , a scheme which enables schools to choose one of 3countries that SCIAF works in, to fundraise for and build a connection with over a three year period. Project Connect is going to be a key source of schools fundraising and activity over thenext strategic plan. We delivered inputs (on the work of SCIAF) to approx 500 student teachers
at Glasgow and Strathclyde universities. We also continued to provide in-service training andcontinuing professional development to teachers on SCIAF’s work and internationaldevelopment. Our digital work continues to grow, this year we have launched e-bulletins for teachers and pupils.
Advocacy
SCIAF's advocacy work on climate change continued throughout 2010. At a Scottish level,SCIAF played an important role in the Stop Climate Chaos Scotland coalition, beingrepresented on the board and chairing two of its main working groups. We hosted a number of events and talks, highlighting the impact of climate change on the poorest people, for examplehosting the UK premiere of 'Climate Refugees' at the Take One Action film festival in Edinburghin September. Internationally, SCIAF's networks continue to provide opportunities to exert
influence, with SCIAF staff joining colleagues from the CIDSE and Caritas Internationaliscoalitions at the annual UN Climate Change summit in Cancun in December. At this eventSCIAF lobbied UK Climate Change ministers, other international delegates and worked withpartner organisations from developing countries to ensure that the voices of the poorest people,who are most vulnerable to the effects of climate change, were heard. Another advocacy focus of 2010 was SCIAF’s participation in the Robin Hood Tax coalition.This tiny tax on large financial transactions could raise tens of billions of pounds with which totackle poverty. SCIAF ran several events highlighting the enormous potential of this innovativesource of finance and 3,238 SCIAF campaigners signed a campaign action asking the UKgovernment to give this tax its support, and to add to the backing this tax already has from thegovernments of other countries such as France and Spain.In November SCIAF's ever-growing group of e-campaigners flexed their muscles when budgetcuts threatened the Scottish Government's £9 million international aid budget. Over 400 e-mails
filled the First Minister's inbox in the course of just one weekend, and the budget was retainedin full.
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Increasing SCIAF’s profile in Scotland
SCIAF continued to build its profile through a mix of broadcast, written and new media channelsthroughout 2010. Web-based communications are an increasingly important means of communicating with our supporters, and in 2010 SCIAF launched a new Facebook page which
has provided a lively and interactive forum for communication with hundreds of supporters. Wealso trialled online marketing techniques including pay-per-click advertising and search engineoptimisation for different campaigns.Media profile can plan an important role in helping SCIAF to achieve its objectives, which wasclearly illustrated by the tragic example of the earthquake in Haiti in January 2010. SCIAF'sHaiti-related media coverage (with an advertising-equivalent value estimated at c.£150,000)played an important part in helping to raise £1.2m for this emergency appeal, which enabledSCIAF to provide much-needed support to devastated local communities. Swift decision makingand results-based campaign planning also meant that SCIAF’s Haiti earthquake appeal won theDirect Marketing and Communications Award at the Institute of Fundraising Awards inNovember 2010.The WEE BOX, BIG Change Lent campaign continued to use celebrities in our outdoor advertising, which we did this year in some new areas, including on the Glasgow Underground.
Michelle Mone helped us by appearing at a launch event at SCIAF’s Head Office, generatingsubstantial media coverage in support of the campaign.
Increasing awareness in the Scottish community
We continue to pursue a strategy of deepening relationships with our supporters, and the wider Scottish community, and have as much face to face time as possible with parishes, schools andindividuals. To this end, as well as the school visits, we have organised visits to parishes atLent and all year round. Staff and our overseas partners have visited over 60 parishes, thankingpeople for their support and communicating about the work that we do. We also hold trainingdays around Scotland for parish contacts and ambassadors, enabling them to meet each other and SCIAF staff, and learn more about our fundraising and advocacy campaigns, as well as our work overseas, so they are better equipped to promote SCIAF in the parishes. This team of 180
parish contacts and 7 ambassadors are especially helpful at Lent, when many of them do a talkin their parish or neighboring parishes about the SCIAF Lent campaign. We have held twoevents for supporters enabling them to meet face to face with inspirational partners – one eventin March at Gilles, in Edinburgh, attended by the Cardinal, with one of our partners fromZambia, and another with a Ugandan partner in November at our Head Office. The Papal visitin September gave us the opportunity of having a marquee at Bellahouston, where we had aphotography exhibition about SCIAF’s work, face painting for children, and where weencouraged people to sign up for the Robin Hood Tax campaign. This wonderful event againenabled us to meet many of our supporters face to face, to inspire them and thank them for their support of our work, and reinforce our status as the official aid agency of the CatholicChurch in Scotland. We were able to show a three minute film, showing SCIAF’s work andthanking people for their support, to the assembled crowd of around 70,000 people. We alsohad banners and presence in Edinburgh for the procession. For the 5th consecutive year
SCIAF was present at Scotland's largest music festival, T in the Park, where we signed uphundreds of new campaigners and informed festival-goers about SCIAF's work.
FINANCIAL REVIEW
Reserves policy
The Directors review SCIAF’s reserves policy annually and monitor the level of reserves andthe financial position each quarter. Restricted reserves are generated when the supporter or donor organisation stipulates the area of activity in which the income has to be spent (for example where funds are sent in, in response to a particular emergency or for a particular project overseas). At the end of 2010, restricted funds held amounted to £2,274,230 (2009:£2,013,799).
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Unrestricted funds are generated when there is no such stipulation. At the end of 2010, SCIAFhad £6,833,283 (2009: £5,428,712) in unrestricted funds. As detailed in note 15, a transfer of £958,597 (2009: £Nil) was made from restricted funds to general funds in the year. As detailedin note 15, the Board has a policy to set aside contingency reserves based on its expectation of the likelihood and impact of financial risks. These are to ensure, that, in the wake of significantunexpected events, SCIAF can continue to respond rapidly to emergencies, can meet its
planned future commitments to current projects, and continue its operations. In accordance withthis policy the Board has set the level of the Operational Reserve Fund at £1,000,000. Thisreserve was fully funded. Details of other specific reserves appear in note 15 to the accounts.
£2,849,923 forms a general fund that the Board intends to spend on SCIAF’s work over thenext 5 years. The continuing growth in income over the past few years will enable SCIAF todirect more funds where they are most needed, but our concern to make sure that these fundsare spent wisely has resulted in a longer period for consideration and evaluation before sumsare committed for new projects and other work.
The net incoming resources before other gains and losses are £1,507,965 (2009: £564,121).Staff costs have reduced in the year (as shown in note 8) due to a number of vacancies arising and job positions being unfilled for periods of the year.
Principal funding sources
The charity’s main source of income is voluntary income from individuals through regular donations, Lenten campaign and legacies of £6,087,407 (2009: £4,094,026). This representsan increase from the previous year and given the economic conditions, this level of voluntarygiving is both generous and encouraging. SCIAF also received £1,951,677 (2009: £1,992,966)of Institutional funding for overseas relief and development.
SCIAF’s investment policy was developed by the Board of Directors to enable SCIAF tomaximise the potential income from funds held at any time, while minimising the risk of loss of value. Funds are split between corporate charity bonds, interest bearing current accounts andmedium term stock exchange investments. The latter are managed for SCIAF by Newton
Investment Management Ltd, and investments are required to meet strict ethical guidelines,consistent with the work and beliefs of SCIAF. At the end of 2010, the funds invested had amarket value of £3,184,246 after deduction of management charges. The directors, recognisingthat the value of unrealised investments was £297,526, do not propose to realise the currentportfolio but instead expect to maintain the investment portfolio until there is a recovery in theinvestment market. The investment objective is to achieve a balanced return from income andcapital growth over the long term.
Plans for the future
A new strategic framework was developed for 2011-2014. This will be presented to the Boardin March 2011 and details a clear strategy for the future.
Statement of Directors’ responsibilities
The directors are responsible for preparing the annual report and financial statements inaccordance with applicable law and regulations.
Company and charity law requires the trustees to prepare financial statements for eachfinancial year. Under that law the directors are required to prepare the financial statements inaccordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a trueand fair view of the state of affairs of the company and of the incoming resources andapplication of resources of the company, including its income and expenditure, for that period.
In preparing these financial statements the directors are required to:
• select suitable accounting policies and then apply them consistently;
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• observe the methods and principles in the Charities Statement of Recommended Practice(SORP)
• make judgments and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any materialdepartures disclosed and explained in the financial statements
• prepare the financial statements on the going concern basis unless it is inappropriate topresume that the charity will continue in business.
The directors are responsible for keeping proper accounting records that disclose withreasonable accuracy at any time the financial position of the company and enable them toensure that the financial statements comply with the requirements of the Companies Act 2006and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. They are alsoresponsible for safeguarding the assets of the company and hence for taking reasonable stepsfor the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financialinformation included on the company's website. Legislation in the United Kingdom governingthe preparation and dissemination of the financial statements and other information included inannual reports may differ from legislation in other jurisdictions.
The directors who held office at the date of approval of this directors’ report confirm that, so far as they are individually aware, there is no relevant audit information of which the company’sauditors are unaware; and each director has taken all the steps that he ought to have taken asa director to make himself aware of any relevant audit information and to establish that thecompany’s auditors are aware of that information.
The directors for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the directors and signed on its behalf by:
Rt. Rev. P.A. MoranPresident 29 March 2011
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
Independent auditor's report to the directors and members of Scottish CatholicInternational Aid Fund
We have audited the financial statements of Scottish Catholic International Aid Fund for theyear ended 31 December 2010 which comprise Statement of Financial Activities, the BalanceSheet, the Cash Flow Statement and the related notes. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom AccountingStandards (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charitable company's trustees and members, as a body, inaccordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005and under the Companies Act 2006. Our audit work has been undertaken so that we mightstate to the charitable company's trustees and members those matters we are required to stateto them in an auditor’s report and for no other purpose. To the fullest extent permitted by law,we do not accept or assume responsibility to anyone other than the charitable company and itstrustees and members as a body, for our audit work, for this report, or for the opinions we haveformed.
Respective responsibilities of directors and auditor
As explained more fully in the Statement of Director's Responsibilities the directors areresponsible for the preparation of the financial statements and for being satisfied that they givea true and fair view.
We have been appointed as auditor under section 44(1)(c) of the Charities and TrusteeInvestment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordancewith regulations made under those Acts.
Our responsibility is to audit and express an opinion on the financial statements in accordancewith applicable law and International Standards on Auditing (UK and Ireland). Those standardsrequire us to comply with the Auditing Practices Board’s (APB's) Ethical Standards for Auditors.
Scope of the audit of the financial statements A description of the scope of an audit of financial statements is provided on the APB's websiteat www.frc.org.uk/apb/scope/private.cfm.
Opinion on financial statementsIn our opinion the financial statements:
• give a true and fair view of the state of the charitable company’s affairs as at 31December 2010 and of its incoming resources and application of resources, including itsincome and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•
have been prepared in accordance with the Companies Act 2006, the Charities andTrustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts(Scotland) Regulations 2006.
Opinion on other matter prescribed by the Companies Act 2006In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Matters on which we are required to report by exceptionWe have nothing to report in respect of the following matters where the Companies Act 2006and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report toyou if, in our opinion:
• the charitable company has not kept proper and adequate accounting records or returnsadequate for our audit have not been received from branches not visited by us; or
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• the financial statements are not in agreement with the accounting records and returns; or
• certain disclosures of trustees’ remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit.
Andrew GodfreySenior Statutory Auditor for and on behalf of Grant Thornton UK LLPStatutory Auditor, Chartered AccountantsGlasgow
29 March 2011Grant Thornton UK LLP is eligible to act as an auditor in terms of section 1212 of theCompanies Act 2006.
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 DECEMBER 2010
Unrestrictedfunds
Restrictedfunds
TotalFunds2010
TotalFunds2009
Note £ £ £ £Incoming resourcesFrom generating fundsVoluntary income
Lenten income 2 664,931 - 664,931 590,506Individual donations 2 2,358,547 2,031,950 4,390,497 2,680,616Legacies 2 1,031,979 - 1,031,979 822,904
Total voluntary income 4,055,457 2,031,950 6,087,407 4,094,026
Activities for generating fundsSale of goods & resources 70,542 - 70,542 23,997
Investment income/ bankinterest
161,596 5,936 167,532 274,441
From charitable activitiesInstitutional funding – overseasrelief and development
3 263,362 1,688,315 1,951,677 1,992,966
Total incoming resources 4,550,957 3,726,201 8,277,158 6,385,430
Resources expendedCosts of generating fundsFund raising and advertising 4 622,169 - 622,169 652,542Cost of managing investments 18,635 - 18,635 16,430
Costs of charitable activitiesInternational programmes 6a 3,029,439 2,507,173 5,536,612 4,339,672Information and education 6b 228,525 - 228,525 272,211 Advocacy and communication 6c 344,900 - 344,900 500,160Governance costs 6d 18,352 - 18,352 40,294
Total resources expended 4,262,020 2,507,173 6,769,193 5,821,309
Net incoming resources beforetransfers
288,937 1,219,028 1,507,965 564,121
Transfers between funds 958,597 (958,597) - -
Net incoming resources beforeother gains and losses
1,247,534 260,431 1,507,965 564,121
Gains/(losses) on investmentassets
59,841 - 59,841 (137,423)
Movement in investmentvaluation
97,196 - 97,196 390,001
Net movement in funds 1,404,571 260,431 1,665,002 816,699Total funds brought forward 5,428,712 2,013,799 7,442,511 6,625,812
Total funds carried forward 6,833,283 2,274,230 9,107,513 7,442,511
The Statement of Financial Activities includes all gains and losses in the year. All incoming resources and resourcesexpended derive from continuing activities.
The accompanying notes form part of the financial statements.
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
BALANCE SHEETAs at 31 December 2010
2010 2009
Note £ £Fixed AssetsTangible assets 10 418,922 439,802Investments 11 3,184,246 3,045,522
3,603,168 3,485,324
Current AssetsDebtors 187,517 101,600Prepayments and accrued income 127,281 89,399Cash on deposit and on hand 5.560,468 4,684,747
5,875,266 4,875,746Current liabilities: amounts falling due within one year 12 370,921 918,559
Net Current Assets 5,504,345 3,957,187
Net Assets 9,107,513 7,442,511
Reserves:
Unrestricted Reserves 15 6,833,283 5,428,712Restricted Reserves 15 2,274,230 2,013,799
9,107,513 7,442,511
Approved and authorised for issue by the Board of Directors on 29 March 2011 and signed onits behalf by
Rt Rev Peter Moran (President)Director
The accompanying notes form part of the financial statements.
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2010
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historic cost convention, (whichignores the effect of inflation or revaluation (except for investments) and deals withoriginal costs to SCIAF only), and in accordance with the Companies Act 2006 and theStatement of Recommended Practice for Charities 2005 and Charities Accounts(Scotland) Regulations 2006.
Fund structure
Unrestricted funds are available for use at the discretion of the directors in furtheranceof the general objectives of the charity. Unrestricted funds include designated fundswhere the directors, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds, which are to be used in accordance with specificrestrictions imposed by the donor or through the terms of an appeal.
Incoming resources
All incoming resources are recognised once the charity has entitlement to the incomeand the amount can be quantified with reasonable accuracy. The following specificpolicies are applied to particular categories of income:
Voluntary income and donations are included in the accounts as income when they areconsidered receivable in accordance with the Statement of Recommended Practice for Charities 2005. Legacies are included when the charity is advised by the personal
representative of an estate that payment will be made and when the amount involvedcan be quantified.
Grant income and expenditure
Grant income from institutional funders is included in the accounts in the year to whichincome relates. Expenditure on grants is included when the recipients have metSCIAF’s conditions for payment. Where grant agreements have been completed withpartner organisations, SCIAF recognises commitments in respect of the next tranche of each grant, by charging the statement of financial activity with that commitment andshowing the sum due as a creditor.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditureincludes any VAT, which cannot be fully recovered.
Expenditure incurred, which relates directly to any one cost category is allocateddirectly to that category. Expenditure, common to more than one cost category isapportioned on a reasonable and consistent basis to the categories involved, inaccordance with the Statement of Recommended Practice for Charities, the industrystandard, recognised and approved by the Accounting Standards Authority. Allocationto the cost categories is proportional to the number of full time equivalent staff involvedin each section. No apportionment applies to the costs of governance.
Operating lease agreements
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Rentals applicable to operating leases where substantially all of the benefits and risksof ownership remain with the lessor are charged against profits on a straight line basisover the period of the lease.
Cost of generating funds
Fundraising expenditure comprises costs incurred in encouraging people andorganisations to contribute financially to the charity’s work, and includes some mediapromotional costs.
Governance costs
Governance costs include those incurred in the governance of the charity and itsassets, are primarily associated with constitutional and statutory requirements andinclude its audit fees and costs linked to the strategic management of the charity.
Tangible fixed assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation.The costs of minor additions or those costing below £500 are not capitalised.Depreciation is provided at the following rates to write off assets over their estimateduseful life.
Buildings 2% on reducing balanceFixtures and fittings 25% on reducing balanceComputer equipment 50% on reducing balanceMotor Vehicles 25% on reducing balance
Investments
Investments have been included in the Balance Sheet at market value. The annual
movement in the market value is treated as an unrealised gain or loss and isincorporated within the General Unrestricted Fund.
The investment objective is to achieve a balanced return from income and capitalgrowth over the long term subject to ethical criteria agreed by the Board. NewtonInvestment manages the portfolio with a medium risk approach.
Income from investments is credited to the statement of financial activities in the year inwhich it is due to be received.
Pensions
SCIAF offers employees the opportunity to join a Group Personal Pension Scheme to
which SCIAF also contributes. Contributions are charged to the statement of financialactivities in the year payable. The company has no liability for any scheme shortfall,neither would it benefit from any surplus.
2. Incoming resources from voluntary income
Unrestrictedfunds
Restrictedfunds
Total2010
Total2009
£ £ £ £Lenten income 664,931 - 664,931 590,506Individual donations 2,358,547 2,031,950 4,390,497 2,680,616Legacies 1,031,979 - 1,031,979 822,904
4,055,457 2,031,950 6,087,407 4,094,026
3. Restricted institutional funding
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SCOTTISH CATHOLIC INTERNATIONAL AID FUND(COMPANY LIMITED BY GUARANTEE)
2010 2009£ £
Department for International DevelopmentHIV, Aids and Advocacy - 17,358Sudan 119,575 -
European CommissionIndia (Block grant – 2 projects) - 28,821India - 27,164Sudan 194,678 95,037Burma - 198,205Cambodia 63,614 68,852Ethiopia 176,936 162,475 Africa – Great Lakes 369,926 -
Big Lottery Fund1G/1/010139337 Sudan - 153,435
Comic Relief Uganda 167,769 575,119Ethiopia 19,020 -
Scottish GovernmentTanzania - 20,187Zambia 346,308 619,820D R Congo - 50,000Haiti 75,000 -Pakistan 51,763 -India 68,306 -
States of Guernsey
D R Congo - 35,000
IOM GovernmentD R Congo 35,420 -
Adjustments for accruals and deferrals - (140,398)
1,688,315 1,911,075
In 2009, SCIAF received an additional £2,625 from the Big Lottery (Sudan –IG/1/010139337) for organisational overheads in the UK. This is included withinInstitutional funding – overseas relief and development of £1,992,966 on the Statementof Financial Activities. No funds were received from the Big Lottery in 2010.
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4. Fundraising and advertising costs
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £Lenten campaign & real gifts 271,544 - - 271,544 284,400
Raffle 30,874 - - 30,874Legacies 16,547 - - 16,547 8,548Salaries and other staff costs - 144,211 53,220 197,431 248,080Travel - 5,579 2,128 7,707 13,688 Advertising and publicity 12,120 - 2,434 14,554 16,647 Administration - - 23,758 23,758 19,226Rates, utilities, telephone andcleaning
- - 9,705 9,705 9,464
Professional fees - - 2,804 2,804 1,071IT costs - 21,961 7,996 29,957 42,196Bank charges - - 15,505 15,505 6,412Volunteer costs - 1,690 93 1,783 2,810
331,085 173,441 117,643 622,169 652,542
5. Grant expenditure
Grant expenditure represents grants paid or approved to partner organisationsresponding to a wide range of humanitarian needs in the communities in which theywork. The major recipients of grants (those over £50,000) were:-
UnrestrictedFunds
Restrictedfunds
Total2010
Total2009
£ £ £ £AFRICAEthiopiaJoint office with CAFOD and
Trocaire – for distribution to partners
160,000 - 160,000 160,000
Relief Society of Tigray (REST) - 202,846 202,846 191,691 Action for development - - - 62,500 ASE & ECC - SADCO 20,000 124,156 144,156 -
UgandaKamwokya Christian CaringCommunity
- 488,036 488,036 163,487
Comboni Samaritans 99,000 - 99,000 -
MalawiMangochi Cadecom 63,172 - 63,172 -
Rwanda -Commission Episcopale Justiceet Paix
12,374 163,130 175,504 -
Democratic Republic of Congo
-
Codilusi 24,372 226,389 250,761 -Commission Diocesaine Justiceet Paiz/Uvira Diocese
25,747 151,755 177,502 66,289
Caritas Congo - - - 50,000 AJV 8,292 56,880 65,172 -
SudanSudan Evangelical Mission - 128,900 128,900 117,051
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Jesuit Refugee Service Eastern Africa
80,910 - 80,910 214,973
MRDA 100,863 - 100,863 -Sudan Aid 50,000 - 50,000 -
Burundi
Agakura - 59,310 59,310 112,860
ZambiaCRS Zambia - 116,240 116,240 287,665Kasisi - 219,523 219,523 224,818
ChadJesuit Refugee Service - - - 86,832
Multi-CountryJesuit Refugee Service – for projects in Burundi, DRC,Sudan, Tanzania and Zambia
200,000 - 200,000 200,000
ASIABurmaJesuit Refugee ServiceThailand
- 202,321 202,321 235,556
CambodiaDPA - 123,345 123,345 81,878
India Association for People withDisabilities
- - - 71,000
Prakruthi - - - 80,000Women’s Collective - - - 55,000Speech 57,911 - 57,911 58,951Caritas India 68,529 68,324 136,853 84,935RCPDS 36,010 - 36,010 -
PakistanTrocaire 251,763 - 251,763 -
Sri LankaCaritas Sri Lanka - - - 165,000
LATIN AMERICA
El Salvador Jesuit Foundation - - - 75,000
ColumbiaDiocese of Quidbo 80,000 - 80,000 -
NicaraguaCantera - - - 80,131Familias Especiales 69,853 - 69,853 -
HaitiInstitute of Technology & Animation
136,792 - 136,792 69,904
Gadru 135,345 - 135,345 -Caritas Haiti 260,000 75,000 335,000 -
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Other grants less than £50,000paid in the year
409,422 80,168 489,590 511,581
Adjustment for reversal of accrual
(245,669) - (245,669) (58,629)
Total Grant Expenditure 2,104,686 2,486,323 4,591,009 3,448,473
6. Costs of charitable activities
Expenditure recorded in the Financial Statements includes both the direct costs of carrying out activities of the sections and the direct and indirect costs of supportingthese activities.
Direct support costs include essential integral staff-related costs including recruitment,training and travel. Indirect costs are the common or shared costs of the organisationsuch as property running and maintenance costs, telephone, IT, stationery, postageand printing. These are allocated between the various expenditure categories in
proportion to the number of full-time equivalent staff involved in the activities of eachsection. The following provides a breakdown of these costs:
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £International programmes 4,591,009 590,251 355,352 5,536,612 4,339,672Information and education 30,802 130,049 67,674 228,525 272,211 Advocacy andcommunication
70,534 173,650 100,716 344,900 500,160
Governance 18,352 - - 18,352 40,294
4,710,697 893,950 523,742 6,128,389 5,152,337
a) International programmes
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £Grant expenditure 4,591,009 65,600 - 4,656,609 3,485,389Juba office costs - 27,921 28,768 56,689 41,398Ethiopia joint office costs - - 60,807 60,807 56,548Salaries and other staff costs
- 373,757 132,225 505,982 534,859
Travel - 49,511 5,328 54,839 82,968 Administration - 272 42,531 42,803 68,560
Rates, utilities, telephoneand cleaning - - 24,293 24,293 16,505
Professional fees - 73,190 41,384 114,574 32,229IT costs - - 20,016 20,016 21,216
4,591,009 590,251 355,352 5,536,612 4,339,672
Professional fees in 2010 include consultancy costs for overseas consultants workingon international programmes.
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b) Information and Education
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £Individuals 2,012 - - 2,012 2,600
Schools 25,993 - - 25,993 33,136Parishes 2,797 - - 2,797 4,339Salaries and other staff costs - 122,608 39,844 162,452 201,080Travel - 5,849 1,593 7,442 14,338 Administration - 1,592 9,064 10,656 7,071Rates, utilities, telephone andcleaning
- - 7,266 7,266 4,210
Professional fees - - 2,099 2,099 -IT costs - - 5,986 5,986 5,437Papal visit - - 1,822 1,822
30,802 130,049 67,674 228,525 272,211
c) Advocacy and communication
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £Campaigning and policy 41,456 - - 41,456 104,825Media 29,078 - 5,129 34,207 100,434Salaries and other staff costs - 148,536 56,355 204,891 228,411Travel - 8,194 2,254 10,448 21,937 Administration - - 12,690 12,690 10,733Rates, utilities, telephone andcleaning
- - 10,275 10,275 6,976
Professional fees - 15,077 2,969 18,046 16,487Papal visit - - 2,577 2,577 -
IT costs - 1,843 8,467 10,310 10,35770,534 173,650 100,716 344,900 500,160
d) Governance
DirectCosts
DirectSupport
IndirectSupport
Total2010
Total2009
£ £ £ £ £Costs of Board meetings andoverseas travel
1,702 - - 1,702 3,113
Professional fees 5,222 - - 5,222 19,678 Auditors remuneration - audit 11,428 - - 11,428 10,869 Auditors remuneration –other fees - - - - 6,634
18,352 - - 18,352 40,294
7. Net incoming/ (outgoing) resources for the year
This is stated after charging:
2010 2009
£ £Depreciation 28,794 34,947 Auditors’ remuneration 11,428 17,503
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8. Staff costs
2010 2009£ £
Wages and salaries 861,583 988,796Social security costs 81,832 92,622
Pension costs 45,957 55,327989,372 1,136,745
The average number of employees during the year was as follows:
2010 2009
No NoManagement 4 4Overseas project support 12 12Education and information 5 4 Advocacy and campaigning 4 5Cost of generating fund 7 8 Administration and finance 6 9
38 42
Full time equivalent 34 34
One employee receives remuneration within the band of £60,000 - £70,000 in 2010(and 2009). Pension contributions in respect of this employee amounted to £6,591(2009: £6,491).
Salary numbers include 3 staff working in our Sudan office.
No director received remuneration for their services. Expenses incurred by directorsrelating to visits and meetings amounted to £1,702 (2009: £3,113).
SCIAF operates a Group Personal Pension Scheme, the assets of which are heldseparately in an independently administered fund. The charity’s contribution isbetween 7.5 per cent and 10 per cent of salary with staff making contributions between2.5 per cent and 4 per cent of salary to the scheme. 17 staff are members of thescheme (2009:15 staff). Included in staff costs are contributions paid or payable bySCIAF to the fund which amounted to £45,957 in 2010 (2009: £55,327).
9. Taxation
SCIAF is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s252 of the Taxation of Chargeable Gains Act 1992 to the extent that theseare applied to charitable objectives. No charges have arisen in the Charity.
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10. Tangible fixed assets
Heritableproperty
Fixtures& fittings
Computer equipment
Motor Vehicles
Total2010
Cost: £ £ £ £ £ At 1 January 2010 484,450 89,695 170,310 49,361 793,816
Additions - 159 7,755 - 7,914Disposals - - - - -
At 31 December 2010 484,450 89,854 178,065 49,361 801,730
Depreciation: At 1 January 2010 96,417 78,011 153,614 25,972 354,014Charge for the year 7,761 2,961 12,225 5,847 28,794
At 31 December 2010 104,178 80,972 165,839 31,819 382,808
Net book value At 31 December 2010 380,272 8,882 12,226 17,542 418,922
At 31 December 2009 388,033 11,684 16,696 23,389 439,802
11. Investments
2010 2009£ £
Valuation at 1 January 3,045,522 2,809,030 Acquisitions 1,431,874 671,006Disposals (1,390,346) (824,515)Market valuation movement in year 97,196 390,001
Valuation at 31 December 3,184,246 3,045,522
All of SCIAF’s investments are held for unrestricted charitable purposes, are listed andare included at market value. The closing valuation includes cash uninvested held
within the portfolio of £162,937 (2009: £128,683).
Analysis of investments at market value 2010 2009£ £
Listed investmentsUnited Kingdom bonds 1,287,712 1,321,669United Kingdom equities 1,160,625 1,223,831Overseas equities 1,687,096 1,550,789Property 46,501 44,381Cash deposits 162,937 128,683
3,184,246 3,045,522
12. Current liabilities: amounts falling due within one year
2010 2009£ £
Trade creditors 31,849 58,086 Approved development grants 306,462 703,946 Accrued emergency grants - 119,238 Accrued expenses 32,610 37,289
370,921 918,559
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13. Deferred income
2010 2009£ £
Deferred income at 1 January - 379,319Released in the year - (379,319)
Deferred in the year - -Deferred income at 31 December - -
Deferred income represents grant monies received in the year but relating to futureperiods.
14. Analysis of net assets between funds
UnrestrictedFunds
Restrictedfunds
Total2010
£ £ £Tangible fixed assets 418,922 - 418,922Investments 3,184,246 3,184,246
Net current assets 3,230,115 2,274,230 5,504,345Total net assets 6,833,283 2,274,230 9,107,513
15. Movement in funds
FundName
At1 Jan2010
Incomingresources
Resourcesexpended Transfer
Gains&
losses
At31 Dec2010
£ £ £ £ £ £Unrestricted:Designated 3,446,742 - - 439,422 97,196 3,983,360General 1,981.970 4,550,957 (4,262,020) 519,175 59,841 2,849,923
5,428,712 4,550,957 (4,262,020) 958,597 157,037 6,833,283
Restricted 2,013,799 3,726,201 (2,507,173) (958,597) - 2,274,230
Totalreserves 7,442,511 8,277,158 (6,769,193) - 157,037 9,107,513
a) Unrestricted reserves
The following designated funds are maintained:
2010 2009
£ £Operational reserve fund 1,000,000 1,000,000Emergency response fund 500,000 500,000Property maintenance reserve fund 100,000 100,000IT reserve fund 200,000 200,000Investment revaluation reserve 297,521 200,325Overseas aid reserve 1,885,839 1,446,417
3,983,360 3,446,742General fund 2,849,923 1,981,970
6,833,283 5,428,712
The Operational Reserve fund is, in the opinion of the directors, required to ensure thatSCIAF is able to continue operations in the event of dramatic unforeseen events, or
significant fluctuations in the income or expenditure of SCIAF from year to year. TheBoard keeps this under review on a regular basis.
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The Emergency Response fund has been established to provide funds to enableSCIAF to make an immediate funding response, in the event of a major catastropheor emergency. In the light of the number and scale of major disasters in recent years,this reserve has been increased to £500,000 to allow SCIAF to be able to respondquickly and efficiently to emergencies as part of our strategic plan.
The Property Maintenance Reserve fund and IT Reserve fund have been establishedto spread the cost of these significant areas of expenditure over an appropriate number of years. These reserves are reviewed each year to provide funds from the surplus, tomeet the cost of essential repairs and improvements to SCIAF’s physical assets.
The Investment Revaluation Reserve represents the unrealised increase in the value of the stocks and shares held within the Investment portfolio, at the year-end.
The Overseas Aid Reserve is a provision for those Overseas Aid and DevelopmentGrants for 2011, which have not yet been formally committed to partners, but for whichfunding will be spent on overseas aid by 31st December 2011.
The General Fund represents unrestricted income carried forward. The Board of
Directors have agreed that the unrestricted funds available, other than those utilised for the provision of fixed assets, should be used to meet planned development projectsand other costs, over the next four years on a rolling basis.
Restricted reserves
Restricted reserves represent funds held for projects or programmes specified by thedonors and not yet disbursed at 31st December 2010. Restricted reserves aregenerated when the supporter or donor organisation stipulates the area of activity inwhich the income has to be spent (for example where funds are sent in, in response toa particular emergency or for a particular project overseas). All restricted funds are insurplus.
Transfers
A transfer of £958,597 was made from restricted funds to unrestricted funds. Thisrepresents the spending down of restricted funds via unrestricted development grantexpenditure in 2010.
16. Company status
The company is limited by guarantee. The members undertake to contribute amaximum of £1 each to the company’s assets should it be wound up.
17. Operating lease agreements
At 31 December 2010 the company had aggregate annual commitments under noncancellable operating leases as set out below:
2010 2009£ £
Operating leases which expire:Within 1 year - -Within 2 to 5 years 11,485 8,123 After 5 years - -
11,485 8,123
18. Contingent liabilities
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At the year end, forward commitments in respect of signed grant funding agreementswith overseas partner organisations, beyond those within one year already included increditors, amounted to £349,974. These grants are conditional on receipt of satisfactory reports, and are subject to SCIAF having the appropriate funds available atthe time when the grants fall due for payment. Because of these conditions, the grantshave not been treated as creditors.