Page 17

Financial information:

Our financial information for 2011 Statement of financial activities Incoming resources

2011 £

2010 £

Incoming resources from generated funds: Voluntary income

1,147,100

Investment income Other incoming resources

-

43,960

4,466

Services in kind Total incoming resources

972,177

-

3,227

1,191,060

979,870

Resources expended Costs of generating funds Charitable activities Governance costs Total resources expended Net income/(expenditure) before transfer

51,828

58,387

1,058,640

887,020

48,388

47,776

1,158,856

993,183

32,204

(13,313)

Total funds at 1 January

240,892

254,205

Total funds at 31 December

273,097

240,892

Summary balance sheet at 31 December 2011 2011 £

2010 £

130,426

115,303

398,008

139,518

11,492

132,076

409,500

271,594

(266,829)

(146,005)

Net current assets

142,671

125,589

Net assets

273,097

240,892

Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors: Amounts falling due within one year

Funds Restricted funds Unrestricted funds: Designated fixed asset funds

130,426

115,303

Designated core funds

84,761

98,475

General funds

57,910

27,114

273,097

240,892

Total funds www.scidev.net

Trustees' statement The Statement of Financial Activities and Balance Sheet are not the full statutory accounts but are a summary of the information which appears in the full accounts. The full accounts have been audited and given an unqualified opinion. The full accounts were approved by the Finance Committee of SciDev.Net on the 1st of May 2012; approval by the full board will be on the 3rd July 2012. Copies of the financial statements will be 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 Company. Further information, including the auditor's report, can be obtained by contacting the Company's offices. Independent Auditors' Report to the Members of SciDev.Net Statutory Auditor: Kingston Smith LLP We have audited the financial statements of SciDev.Net for the year ended 31 December 2011 which comprise the Statement of Financial Activities (the Summary Income and Expenditure Account), the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally accepted Accounting Practice)… In our opinion the financial statements give a true and fair view of the state of the charitable company's affairs as at 31 December 2011 and of its incoming resources and application of resources, including its income 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 requirements of the Companies Act 2006 … [;] the information given in the Trustees' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements. SciDev.Net Company limited by guarantee no. 4218234 Registered charity no. 1089590 Annual Review 2011

15

SciDev.Net 2011 Annual Review  

A report of SciDev.Net's activities and achievements during 2011

SciDev.Net 2011 Annual Review  

A report of SciDev.Net's activities and achievements during 2011

Advertisement