FINANCIAL REPORT FOR THE YEAR 2012 – 2013
FINANCIAL REPORT FOR THE YEAR 2012 – 2013
FINANCIAL REPORT FOR THE YEAR The principal funding sources for the charity were: 1 Grants from institutions and trusts (as detailed in the financial statements), 2 Voluntary income and individual donations In 2012-13, IRC-UK increased its level of charitable expenditure to £76 million, with an increase in funding for programmes in Kenya, Thailand and South Sudan. We also increased funding for programmes in Mali and Niger and in support of our Syria crisis response in Iraq, Jordan, Lebanon and Turkey. This was made possible by continued grant funding from statutory donors, including the Swedish International Development Agency (SIDA), EuropeAid, the Danish International Development Agency (DANIDA) and Irish Aid; increased funding from the UK Department for International Development and the European Commission Humanitarian Aid Office (DG ECHO); and new funding from the Dutch Ministry of Foreign Affairs. Income raised from individuals, corporate partners and trusts and foundations in response to Syria crisis emergency appeals supported the scaling-up of the IRC’s operations in the region. Voluntary income increased to £909,000. We had particular success in raising restricted funds, and exceeded our target for unrestricted fundraising from individuals. FINANCIAL POSITION At 30 September 2013, the unrestricted funds of the charity stood at £1.1 million, which, after deducting funds tied up in fixed assets and designated funds, leaves a balance of free reserves of £977,000 (2012: £962,000). The charity aims to hold reserves sufficient to protect the organisation against an unexpected loss of income, or other unanticipated financial risks, and for investment in the long-term future of the organisation. The trustees monitor the level of actual and projected reserves and believe these to be sufficient to meet the current level of risk.
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STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted funds £’000
Restricted funds £’000
Total 2013 funds £’000
Incoming resources from generated funds
323
586
909
646
Incoming resources from charitable activities
1,769
80,953
82,722
55,898
Total incoming resources
2,092
81,539
83,631
56,544
637
506
YEAR TO 30 SEPTEMBER 2013 Income and expenditure
Total 2012 funds £’000
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INCOME
EXPENDITURE
Incoming resources
Resources expended Cost of generating funds
637
Charitable activities – Saving lives
542
28,977
29,519
30,485
– Protecting the vunerable
448
23,918
24,366
16,214
– Rebuilding communities
400
21,366
21,766
14,486
– Other *See page three for definitions
Total charitable activities Governance costs Total resources expended
10
524
534
242
1,400
74,785
76,185
61,427
62
62
59
DFiD 47%
Saving lives
49%
ECHO/EuropeAid 33%
Protecting the vulnerable
26%
SIDA 9%
Rebuilding communities
23%
Other statutory donors
7%
Cost of generating funds
0.4%
Unrestricted income from grants
3%
Governance costs
0.8%
Trusts, foundations and private
0.7%
Support costs
0.1%
Donations and fundraising
0.4%
2,099
74,785
76,884
61,992
Net (outgoing)/Incoming resources for the year
(7)
6,754
6,747
(5,448)
Balances brought forward at 1 October 2012
1,110
12,983
14,093
19,541
2013
£83,631,000
2013
£76,884,000
Balances carried forward at 30 September 2013
1,103
19,737
20,840
14,093
2012
£56,544,000
2012
£61,992,000
2011
£67,763,000
2011
£62,660,000
2010
£43,889,000
2010
£40,219,000
BALANCE SHEET YEAR TO 30 SEPTEMBER 2013
2013 £’000
2013 £’000
2012 £’000
111
42
Current assets Debtors
15,743
12,193
Cash at the bank and in hand
16,851
10,219
32,594
22,412
(11,865)
(8,361)
Creditors Amounts falling due within one year
INCOME 2010 - 2013
EXPENDITURE 2010 - 2013
2012 £’000
Fixed assets Tangible assets
Investment 0.01%
SAVING LIVES: health (including psychosocial) and environmental health (water, sanitation and shelter) programmes. PROTECTING THE VULNERABLE: child protection, women’s protection and empowerment, and protection and rule of law programmes.
Net current assets
21,729
14,051
Total net assets
20,840
14,093
19,737
12,983
15
106
1,088
1,004
20,840
14,093
REBUILDING COMMUNITIES: livelihoods (including agriculture), economic development, community development, civil society and education programmes.
COST OF GENERATING FUNDS: generation of voluntary income and costs of activities for generating funds. Generation of income from charitable activities. SUPPORT COSTS: include the costs of staff and other costs related to the organisation’s charitable activities. GOVERNANCE COSTS: audit and accountancy fees.
Represented by Funds and reserves Income funds Restricted funds Unrestricted funds – Designated funds – General fund
Front cover: Businesswoman running her stall at the market in Monrovia, Liberia. The IRC provides skills training to help women start their own businesses and become economically independent.
OUR SUPPORTERS, DONORS AND KEY PEOPLE TRUSTS, FOUNDATIONS AND CORPORATIONS The Asfari Foundation Christian Blind Mission Comic Relief The Estelle Trust Ethical Tea Partnership Goldman Sachs Gives The Megan Van’t Hoff Charitable Trust The Monteverde Charitable Trust The Saïd Foundation The Sir James Reckitt Charity The Souter Charitable Trust The Tula Trust Stichting Vluchteling UBS Optimus Foundation Vitol Foundation STATUTORY DONORS Dutch Ministry of Foreign Affairs The Danish International Development Agency (DANIDA) UK Department for International Development (DFID) European Commission Directorate General Humanitarian Aid and Civil Protection (DG ECHO) European Commission Directorate General for Development and Cooperation (EuropeAid) Ireland – Development Cooperation Division of the Department of Foreign Affairs (Irish Aid) Jersey Overseas Aid Corporation Swedish International Development Cooperation Agency (SIDA) Swiss Agency for Development and Cooperation (SDC) INDIVIDUAL DONORS Yousef Abu Khadra Jameel Akhrass Ayman Asfari Sir David and Lady Bell George Biddle Jeremy P Carver CBE Ramzi Dalloul FX and Natasha de Mallmann Ed Eisler Hassan and Rasha Elmasry James Esposito Carl Faker Susan Gibson and Mark Bergman Beccy Goodhart and David Billings Wael Khoury Michael Kroupeev Alex and Leander Krueger Michiel Lap
IRC-UK expresses its gratitude to our growing number of supporters who help us restore dignity and hope to those whose lives are profoundly changed by war, violent conflict, oppression and natural disaster. The commitment of individuals, foundations, corporations, volunteers, governments, nongovernmental organisations and multilateral agencies enables IRC-UK to respond swiftly in emergencies and help communities to recover. Here we salute the generous donors who supported IRC-UK during the past financial year, which began 1 October 2012 and ended 30 September 2013.
Martin Lovegrove Ian Lundin Carolyn Makinson John Makinson CBE Kathleen O’Donovan Iliane and Anthony Ogilvie Thompson Dylan Pereira Nash Robbins and Cate Olson Richard Sharp Michael Sherwood David and Dee Dee Simpson Mike Stacey Jake and Sandra Ulrich OUR PEOPLE IRC-UK Board Sir John Holmes GCVO, KBE, CMG, Co-chair Kathleen O’Donovan, Co-chair (retired as Co-chair October 2013) George Biddle Mary Blewitt OBE (Retired July 2013) Glenda Burkhart Susan Gibson FX de Mallmann Iliane Ogilvie Thompson Dylan Pereira Richard Sharp Diane G Simpson Jake Ulrich EXECUTIVE DIRECTOR Carolyn Makinson SENIOR STAFF Eleanor Dougoud Director of International Programmes Rachel Hewitt Director of Finance Stefanie Pfeil Director of External Relations Selena Victor Director of Advocacy and Policy INTERNATIONAL RESCUE COMMITTEE BELGIUM Nathalie Stiennon Director Laurent Alpert Jeremy P Carver CBE Liv Ullmann Jonathan L Wiesner Board of Directors INTERNATIONAL RESCUE COMMITTEE GENEVA Patrick Duplat Director
WOMEN’S REFUGEE COMMISSION Sarah Costa Executive Director Robin Fray Carey and Jocelyn Cunningham Co-chairs, Board of Directors INTERNATIONAL RESCUE COMMITTEE Board of Directors and Overseers Sarah O’Hagan and Thomas Schick Co-chairs, Board of Directors Tracy R Wolstencroft Treasurer Jean Kennedy Smith Secretary George Rupp (retired September 2013) David Miliband (appointed September 2013) President and Chief Executive Officer George Biddle Executive Vice President Glenda Burkhart and Scott Pelley Co-chairs, Overseers Liv Ullmann Vice-chair, International Alan R Batkin Winston Lord James C Strickler Jonathan L Wiesner John C Whitehead Chairs Emeriti BOARD OF DIRECTORS Laurent Alpert Cliff S Asnes Christoph Becker Mary Boies Andrew H Brimmer Glenda Burkhart Florence A Davis Trinh D Doan Kenneth R French Timothy F Geithner Sir John Holmes George F Hritz M Farooq Kathwari David Levine Robert E Marks Eduardo G Mestre David Miliband Sarah O’Hagan Anjali Pant Andrew Robertson Gideon Rose George Rupp Omar Saeed Thomas Schick Gordon Smith Sally Susman Michael VanRooyen, MD John S Weston William T Winters Tracy R Wolstencroft