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The Science and Development Network Annual Review 2004
Summary financial statements
Funding SciDev.Net is grateful to the following donors:
Income and expenditure Incoming resources Donations, legacies and similar incoming resources Bank interest Other income
2004 UK£
2003 UK£
654,544 3,375 -
531,654 1,549 250
Total incoming resources
657,919
533,453
Resources expended Charitable expenditure:
The UK Department for International Development
The Swedish International Development Cooperation Agency (Sida/SAREC)
The Canadian International Development Research Centre (IDRC)
Cost of generating funds Costs of activities in furtherance of the objectives of the charity Cost of management and administration
6,320 596,404 19,432
16,840 513,172 18,987
Total resources expended
622,156
548,999
35,763 86,587
(15,546) 102,133
122,350
86,587
Net income for the period Fund balances bought forward at 1st January 2004 Fund balances carried forward at 31st December 2004
The Rockefeller Foundation
Supporters
Summary balance sheet at 31st December 2004 2004 2003 UK£ UK£ UK£ UK£ Fixed assets Tangible assets 60,609 41,442
SciDev.Net is supported by the journals Nature and Science, as well as the Academy of Science for the Developing World (TWAS)
Current assets Debtors Cash at bank and in hand
36,656 73,926 110,582
16,172 116,330 132,502
The Science and Development Network (SciDev.Net) is a not-for-profit company – known as a ‘company limited by guarantee’ – registered in England and Wales (no. 4218234). Registered charity number 1089590.
Creditors: amounts falling due within one year
48,841
87,357
Trustees As at June 2005
Net current assets
61,741
Net assets
45,145
122,350
86,587
61,741 60,609
122,350
86,587
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Mohamed Hassan Executive director, Academy of Sciences for the Developing World (TWAS), Italy Donald Kennedy Editor, Science, United States
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Contacting SciDev.Net SciDev.Net, 97/99 Dean Street, London W1D 3TE Tel: +44 (0) 20 7292 9910 Fax: +44 (0) 20 7292 9929 Email: info@scidev.net
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Sunita Narain Director, Centre for Science and Environment, India
Xue Lan Director, Development Research Academy Institute for the 21st Century, Tsinghua University, China
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Philip Campbell Editor, Nature, United Kingdom
RA Mashelkar Director, Council for Scientific and Industrial Research, India
45,145 41,442
TRUSTEES’ STATEMENT These summarised accounts have been extracted from the full annual financial statements (prepared in accordance with the Companies Act 1985), which were approved by the Board of Trustees on 20 June 2005 and signed on their behalf by the Chair (Geoff Oldham) and the Treasurer (Anne Whyte). The full annual financial statements have been audited by Gotham Erskine, Chartered Accountants and Registered Auditors, and the auditors’ opinion was unqualified. The accounts have been prepared in accordance with the provision of part VII of the Companies Act 1985 relating to small companies and the Financial Reporting Standard for Small Entities (effective June 2002). The full annual report and financial statements have been submitted to the Charity Commission (and Registrar of Companies). These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the Charity. For further information the full financial statements, the auditors report on those financial statements and the Trustees’ annual report should be consulted. Copies of these may be obtained from the Secretary at 97-99 Dean Street, London, United Kingdom W1D 3TE.
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Fred Binka Associate Professor, School of Public Health, University of Ghana
Lydia Makhuba Vice-chancellor, University of Swaziland
Funds Unrestricted funds: General funds Designated funds
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Governance
Picture credits Front page clockwise: USDA_bauer; Practical Action; Practical Action; USDA_bauer; Practical Action. Other pages: Practical Action; NASA; Practical Action; UN Photos.
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