THE RESOURCE ALLIANCE LIMITED
(A Company Limited by guarantee)
Annual Report and Financial Statements
31 March 2009
Company Registration Number: 4007393
Charity Registration Number: 1099889
THE RESOURCE ALLIANCE LIMITED
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2009
CONTENTS
Legal & administrative information
Directors’ report
Page
1
2–8
Independent Auditors’ report
9
Statement of financial activities
10
Balance sheet
11
Notes to the financial statements
12-18
THE RESOURCE ALLIANCE LIMITED
LEGAL & ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2009
Company Registration Number
4007393
Charity Registration Number
1099889
VAT Registration number
608 0608 58
Board of Directors
M Warwick (American ) – Chair {resigned October 2008}
J Krol (Dutch) – Chair {from October 2008}
S Thomas (Canadian) – Chair {from October 2008}
P Ingram (British)
N Galafassi (Argentinian)
B Rani (Indian residing in UK) {resigned October 2008}
B Adeleye-Fayemi (British Nigerian residing in Ghana)
Z Valcsicsak (Hungarian residing in Belgium)
R Tolentino (Philippino residing in the USA)
B Ross (British)
S Khan (Bangladeshi) {appointed May 2008}
A Aidoo (Ghanaian residing in Senegal) {appointed May 2008}
M Kisil (Brazilian) {appointed May 2008}
R Forbes (Indian) {appointed October 2008}
The directors are also the trustees of the charity
Chief Executive & Company Secretary
S Collings {resigned March 2009} L Stein {appointed March 2009}
Head Office & Registered Office
Development House
56-64 Leonard Street
London
EC2A 4JX
Bankers
Barclays Bank
P O Box 544
54 Lombard Street
London
EC3V 9EX
Solicitors
Bates, Wells & Braithwaite
Cheapside House
138 Cheapside
London
EC2V 6BB
Auditors
haysmacintyre
Chartered Accountants
Fairfax House
15 Fulwood Place
London
WC1V 6AY
1
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT
YEAR ENDED 31 MARCH 2009
The Directors are pleased to present their report together with the consolidated financial statements of the charity for the
year ended 31 March 2009. These accounts have been prepared in accordance with the provisions of the Statement of
Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 and the charity’s governing
document.
Legal and administrative information set out on page 1 forms part of this report.
Structure, governance and management
The charity is a registered company limited by guarantee and is governed by its memorandum and articles of association.
There is a Board of Directors which meets at least twice a year. Other ad hoc meetings and telephone conferences
involving either the whole Board or selected members of the Board are also held as required. Directors are appointed for
terms of three years, and no more than two consecutive terms may be served except in the case of a trustee becoming
chair.
New directors are appointed by majority decision of the Board. The Governance Committee, which is a sub-committee
of the Board, is responsible for identifying potential new directors and recommending them to the Board. Normally
directors are people who already have an existing involvement with, and knowledge of, the charity. New directors
receive a Board manual and copies of past minutes, accounts and other key documents. Induction meetings for new
trustees are held prior to their first Board meeting. The Board focuses on strategic and governance issues, and matters of
broad general policy. Individual directors often have significant volunteer roles within the organisation and support the
CEO and staff team in implementing agreed programmes. During the year, a new sub-committee of the Board was set up
to work on the future strategy.
Day to day management of the organisation is delegated to the CEO and the management team who are based in London.
In addition to the staff team in London there are staff members in Malaysia, India, Czech Republic, Brazil, Uganda and a
part-time person in Argentina. These regional offices enable Resource Alliance to maintain close contacts and
collaboration with the local networks and assist in the accessing of grant funding.
Resource Alliance has three sister charities, Resource Alliance Inc in the US, Resource Alliance (India) Trust, and
Resource Alliance (Malaysia) Trust.
Objects of the company
The Resource Alliance exists for the benefit of the public, to provide and assist in the provision of training and education
in fundraising, resource mobilisation, management and governance best practice, for those working or volunteering in the
not-for-profit sector.
Objectives and activities
The principal activities of the Resource Alliance are the organisation of conferences, workshops and training courses,
information, advice and consulting services, and the promotion of ethical and professional fundraising standards worldwide. These activities are undertaken in order to strengthen the ability of civil society organisations around the world to
be able to secure the resources required to sustain their work.
A substantial amount of this activity is accomplished with the involvement of volunteers. The faculty who teach at the
conferences and workshops all do so pro bono, and many events and activities rely on volunteer time and effort in their
organisation and promotion. The Resource Alliance works with a wide range of individuals and organisations across the
world, the networks and connections globally are a valued resource for the charity.
Civil society is increasingly seen as a major actor in development as research documents the scale, economic contribution
and rate of growth of the sector globally. Resourcing the activity of this sector is a major issue if civil society
organisations are to live up to the many expectations being placed on them. The Resource Alliance’s work of building
the skills of non-profit groups to strengthen their financial sustainability – whether through earning income, generating
public donations or working with governments and institutional donors, is clearly meeting a growing need.
2
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
The current direction of the organisation is governed by a strategic plan approved in March 2007 covering the 6 years to
2013. This builds on the progress achieved in the previous three years. The Board determined that the focus should be
on providing high quality fundraising training and education for non-profits worldwide – the core competence. There are
three broad aims:
Aim 1: Provide high quality training in fundraising
Aim 2: Provide information and support to fundraisers
Aim 3: Promote professional and ethical standards
Under Aim 1 the Resource Alliance will further strengthen the programme of events, including developing online
seminars and conferences and developing the impact that can be had by embracing new technology. Fundraising courses
will be established in many more locations and bespoke training and development programmes will be provided through
the consultancy service. Aim 2 will be met through the website, electronic newsletters and the publishing programme.
Aim 3 will be accomplished through the Awards programmes and through the promotion of ethical and professional
standards in all the education programmes of the Resource Alliance.
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to
public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.
Specific objectives set for the 2008-2009 financial year together with achievements and performance towards them was
as follows.
Conferences and workshops
1.
Equal the number of delegates attracted to the IFC in 2007. Further develop the business model to enable
Resource Alliance to stabilise delegate numbers and financial contribution from the event over the next
three years.
With 958 participants (754 paying delegates) from 50 countries, the 2008 IFC was the largest event to date.
Delegate bookings were higher owing to further improvements to the marketing and these results bode well for
the future. There was an impressive line up of international experts leading Master Classes, workshops and
plenaries. Overall rating of the event was 84 %. Bursaries were provided for 7 people to attend the congress.
The Directors would like to express their thanks to the staff and all the volunteers for this excellent achievement.
2.
Organise the 8th IWRM in Malaysia in 2008. Attract higher delegate numbers than achieved previously
for the event and an increased financial contribution towards the staff costs associated with the event.
The 8th IWRM took place in May 2008 in Kuala Lumpur, Malaysia. With 350 participants from 53 countries
this was the biggest IWRM organised so far. Overall satisfaction ratings were above 80%. Valuable feedback
was received from speakers and delegates which will enable the Resource Alliance to make next year’s event
even better.
3.
Develop a series of online seminars (webinars) and explore the potential for other educational activity on
line.
Evaluation of online webinars showed that they were an ineffective way of using new technology to drive
forward the educational objectives. It was decided to concentrate efforts and resources on developing an online
conference, The IFC Online, which will focus on the digital developments in fundraising.
4.
Support partners in the organisation of nine regional workshops – Bosnia, Argentina, Brazil, Kenya, Sri
Lanka, Bangladesh, Vietnam, Egypt, Czech Republic. These workshops to at least break even financially
and to be well evaluated by participants.
Four regional workshops were supported, along with other capacity building and networking events. The level
of Resource Alliance involvement in each event has varied based on a strategic decision to work with local
partners who take the lead in organisation and delivery of such events.
3
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
Regional workshops were conducted in:




Eastern & Southern Africa, in partnership with the Kenya Association of Fundraising Professionals in
November 2008
South Asia, in partnership with the Centre for Advancement of Resource Mobilisation in Sri Lanka (November
2008)
International Fundraising Festival, March 2008 in Prague
2nd Balkan Workshop , BUILDING FOUNDATIONS FOR SUSTAINABILITY, SARAJEVO, September 2008
Some of the other capacity building and networking events included:


A 2-day seminar for NGO Leaders held in Mumbai in partnership with the SP Jain Institute of Management and
Research.
A 3 day workshop in Vietnam with the Institute of Social Sciences.
Education and training
5.
Expand the fundraising course to six new locations. Convene a meeting of faculty representatives to
discuss future cooperation within the network of providers.
Since their launch in Kenya, India and Malaysia in 2005, Resource Alliance fundraising courses have expanded
to other countries.
In 2008-2009 the intensive 20-day advanced certificate course was run in:
 Delhi (India), with the Bharatiya Vidya Bhavan's Usha & Lakshmi Mittal Institute of Management
 Mumbai (India), with SP Jain Institute of Management and Research
 Nairobi (Kenya), with Strathmore University
 Moscow (Russia), with the Moscow School of Social Sciences and the NGO School Foundation
 Kuala Lumpur (Malaysia), with Universiti Tunku Abdul Rahman
 Bogota (Colombia), with Universidad de los Andes
 Ahmedabad (India), with the Mudra Institute of Communications
 Bhubneshwar (India), with the Xaviers Institute of Management
 Hyderabad (India), with the Icfai Business School
 Chennai (India), with the Icfai Business School
 Jaipur (India) - with the Icfai Business School
 Accra (Ghana), with the Ghana Institute of Management and Public Administration
Each course was successfully completed by 16-28 students who were awarded a Certificate jointly by the
Resource Alliance and the local institute.
Plans are in place to launch the 20-day course in:
 Sao Paulo (Brazil), with SENAC (the National Commercial Training Service)
 Thailand, Vietnam and Bangladesh are on the list for launch of course in 2009
The Accredited Qualification in Resource Mobilisation (a one-year post-graduate diploma) was conducted in its
first year at the Uganda Management Institute in Kampala and with 21 students completing the course in April
2008. Next round is planned to start in September 2009.
The Resource Alliance would like to express its thanks to the Aga Khan Foundation, the African Women's
Development Foundation, THINK Foundation and Allan & Nest & Ferguson Trust for their continued support
towards upgrading and expansion of the courses. In the past year the courses have incorporated media rich
materials into their content in India to further enhance student learning.
To take these courses to the next level a one-year Diploma in NGO Management with specialisation in Resource
Mobilisation is under development to be piloted with SP Jain Institute of Management and Research in Mumbai.
4
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
6.
Attract two large consulting contracts, 3-4 medium size contracts and 10-12 small contracts in line with
the business plan. Continue to develop the pool of trainers.
In the second year of offering Consultancy Services, a growing number of contracts for a wide range of clients
have been successfully delivered. This has included diverse projects from working with Oxfam India (donor
mapping exercise), a multi-country programme building the fundraising capacity of the World Society for the
Protection of Animals’ member societies, to delivering training programmes for small local organisations in
Kenya, Uganda, Central and Eastern Europe and India.
The Resource Alliance offers a unique consultancy service for non-profit organisations seeking to build their
long term financial sustainability. The primary focus is with organisations working in the developing world and
working directly with such organisations or with funders seeking to support their grantees. The Resource
alliance assists organisations to create the conditions for success in mobilising resources and support and offer a
multi-national team which combines international experience and local knowledge to best meet client needs.
Some of the services offered include fundraising audits, feasibility studies, prospect research, fundraising
strategy development, training, mentoring and coaching.
Resource Alliance contracts local fundraising experts to work on these programmes. A skill share workshop for
some of the core trainers was held in Malaysia during May 2008.
Information and support
7.
Add new content to the website and strengthen links with other relevant sites. Promote the site with a
view to increasing visitor numbers by 15% over the year.
The new website was launched in June 2007. The number of visitors to the site seems to have been at the same
level as last year (65,000), although it is not possible to make a reliable comparison as a different statistics
package is now being used. The number of subscribers to the two e-newsletters (English and Spanish) continues
to grow. ‘Ask a Guru’ was added as a new feature during the year, allowing site visitors to pose fundraising
questions to fundraising experts. The service has been regularly used since being launched and has featured a
wide range of experts who volunteer their time.
8.
Continue to build the subscriber lists for the Global Connections newsletter and e-noticias, and to deliver
content subscribers want to read.
The Resource Alliance has continued to attract high level contributors to Global Connections and over 10,000
readers have accessed the newsletter. A process has begun to evaluate the lower level interest in e-noticias and
consider if it is having the required impact for the support it is receiving.
Awards
9.
Organise the India NGO of the Year Awards attracting at least a similar level of participation to last
year. Further strengthen the profile and credibility of the Award.
The India NGO Awards were highly successful in their third year, attracting over 160 entries and generating
considerable media coverage. The Awards were sponsored by the Nand and Jeet Khemka Foundation. The
2008 winners were announced at the final Awards ceremony held at the Habitat Centre in Delhi in March 2009.
The contract with the Khemka Foundation was for 3 years (2006 – 2009) and negotiations are now underway
with another Foundation for a multi-year funding agreement.
10. Re-run the Malaysia Awards for a second year.
The Malaysia NGO of the Year was successfully launched in February 2008 with support from ExxonMobil
Exploration and Production Malaysia and Yayasan Nanyang Press. As part of the Awards a 2-day Seminar on
Resource Mobilisation was conducted in Kuala Lumpur in March 2008 and was attended by over 50 local
5
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
NGOs. The Awards ceremony was organised to coincide with the International Workshop on Resource
Mobilisation in May 2008 in Kuala Lumpur. The winner of the top award was PT Foundation.
11. Launch Awards in Kenya/East Africa.
The Resource Alliance continues to look for partners and funding sources to launch the Award in Uganda.
Financial Review
Income for the year shows a growth of 6.5% primarily due to an increase in the resources generated from
Conference/Workshop and Seminar fees, although this has been more than offset by an increase in associated costs. At
the end of the financial year the accounts for the Resource Alliance show a deficit on unrestricted funds of £53,834 and a
deficit on restricted funds of £10,105.
The current reserves policy was established by the Board at its meeting in March 2007. It was agreed to establish an
unrestricted reserve level which would fully fund fixed costs for 3 months (£150,000), partially fund fixed costs for a
further 3 months (£75,000) and cover all redundancy and closure costs (£90,000). The total estimated level required is
£315,000. At the end of the financial year unrestricted reserves stood at £225,309. The Board accept that during these
difficult economic times, it is appropriate to allow reserves to reduce rather than cut back on charitable activities.
However plans have been developed to rebuild the reserves in the medium term to the required level.
Future plans
Objectives for the 2009-2010 financial year were set within the framework of the revised strategic plan agreed in 2007.
This strategic plan will be reviewed during 2009 to establish clarity and work with the Board strategy sub-committee to
scope out priorities for future years and to start the process of developing the next strategy.
The specific objectives for 2009-2010 are as follows:
Conferences and workshops
1.
Equal the number of delegates attracted to the IFC in 2009. Further develop the business model to enable
Resource Alliance to stabilise delegate numbers and financial contribution from the event over the next three
years.
2.
Work with the office in India and other partners to organise the 2009 IWRM in India. Develop partners in Africa
for an event to replace the IWRM in 2010.
3.
Develop a series of online seminars and explore the potential for other educational activity on line including
building on the success of The IFC Online conference.
4.
Support partners in the organisation of nine regional workshops. These workshops to at least break even
financially and to be well evaluated by participants.
5.
Develop tools to share the skills needed for effective conference organisation.
Education and training
6.
Expand the fundraising course to three new locations. Convene a meeting of faculty representatives to discuss
future cooperation within the network of providers.
7.
Attract two large consulting contracts, 3-4 medium size contracts and 10-12 small contracts in line with the
business plan. Continue to develop the pool of trainers and the range of partners.
Information and support
6
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
8.
Add new content to the website and strengthen links with other relevant sites. Promote the site with a view to
increasing visitor numbers by 15% over the year and improve the platform and maximising the interactivity.
9.
Continue to build the subscriber lists for Global Connections and revaluate the online information to ensure it
delivers content the subscribers want to read.
10. Evaluate and develop the online resources and develop a plan to improve knowledge management within the
Resource Alliance.
Awards
11. Organise the India NGO of the Year Awards attracting at least a similar level of participation to the previous
year. Further strengthen the profile and credibility of the Award. Negotiate a multi-year grant with another
Foundation.
12. Secure funding and launch awards in Uganda.
13. Develop an award focussed on honouring fundraisers at IFC.
Funding
14. Develop the Fundraisers Fund and resources to support the bursaries.
15. Research and develop the potential for institutional funding.
Risk management
The Directors have examined the major strategic, business and operational risks which the company faces and confirm
that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to
lessen the risks. An updated risk register is reviewed by the Board twice a year.
Directors responsibilities in relation to the financial statements
Company Law requires the Directors to prepare financial statements for each financial year, which give a true and fair
view of the company’s financial activities during the year and of its financial position at the end of the year. In preparing
those financial statements, the Directors are required to:

Select suitable accounting policies and then apply them consistently;

Make judgements and estimates that are reasonable and prudent;

State whether applicable accounting standards and statements of recommended practice have been followed
subject to any departures disclosed and explained in the financial statements; and

Prepare the statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in business.
The Directors are responsible for keeping accounting records which disclose with reasonable accuracy at any time the
financial position of the company and enable them to ensure that the financial statements comply with Companies Act
1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Directors also confirm that they have made all necessary enquires and taken such steps that they ought to, to ensure
that they become aware of any relevant audit information and that they confirm that the charitable company’s auditors
have been made aware of such information.
7
THE RESOURCE ALLIANCE LIMITED
DIRECTORS’ REPORT (continued)
YEAR ENDED 31 MARCH 2009
Auditors
A resolution proposing that haysmacintyre is re-appointed as auditors of the company will be put to the Annual General
Meeting.
This report was approved by the board and signed on their behalf by:
Director
19 October 2009
8
INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF
THE RESOURCE ALLIANCE LIMITED
We have audited the financial statements of The Resource Alliance Limited for the year ended 31 March 2009 which
comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have
been prepared under the accounting policies set out therein.
This report is made solely to the charitable company’s members, as a body, in accordance with Section 235 of the
Companies Act 1985. Our audit work has been undertaken so that we might state to the charitable company’s members
those matters we are required to state to 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 the
charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of trustees and auditors
As described in the Statement of Trustees’ Responsibilities the charity’s trustees are responsible for the preparation of the
financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice). The Trustees are also directors of The Resource Alliance Limited for the
purposes of company law.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and
International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in
accordance with the Companies Act 1985 and whether the Trustees’ Report is consistent with the financial statements.
We also report to you if, in our opinion, the charitable company has not kept proper accounting records, if we have not
received all the information and explanations we require for our audit, or if information specified by law regarding
trustees’ remuneration and other transactions is not disclosed.
We read the Trustees’ Report and consider the implications for our report if we become aware of any apparent
misstatements within it.
Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing
Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in
the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees
in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charitable
company’s circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary
in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from
material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated
the overall adequacy of the presentation of information in the financial statements.
Opinion
In our opinion:



the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted
Accounting Practice, of the state of the charitable company’s affairs as at 31 March 2009 and of its incoming
resources and application of resources in the year then ended, including its income and expenditure;
the financial statements have been properly prepared in accordance with the Companies Act 1985; and
the information given in the Trustees’ report is consistent with the financial statements.
haysmacintyre
Registered Auditors
Fairfax House
15 Fulwood Place
London
WC1V 6AY
2009
9
THE RESOURCE ALLIANCE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2009
(Incorporating the income and expenditure account)
Notes
Incoming Resources
Incoming resources from generated funds:
Voluntary Income
Donations
Bank interest
Incoming resources from charitable activities:
Conference / Workshop & Seminar Fees
Conference / Workshop Sponsorship
Grants
Fundraising Handbooks Sales
Consultancy fees and other income
Restricted
Funds
£
850
15,481
16,331
30,258
30,258
31,108
15,481
46,589
22,587
17,470
40,057
1,185,785
170,290
19,274
1,285
182,339
1,558,973
17,425
17,425
1,185,785
170,290
36,699
1,285
182,339
1,576,398
1,046,301
149,246
121,350
1,066
166,309
1,484,272
1,575,304
47,683
1,622,987
1,524,329
28,396
-
28,396
19,907
1,193,436
192,798
16,987
33,801
1,210,423
226,599
988,174
275,307
94,400
7,000
101,400
63,527
1,480,604
57,788
1,538,392
1,327,008
120,108
-
120,108
1,629,138
57,788
1,686,926
1
2
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of generating funds:
1,4
Fundraising costs of voluntary income
Charitable activities:
Conferences & Workshops
Training & Education
Professional Standards Advice and Information
Governance
Total Resources Expended
Fund balances carried forward 31 March 2009
17,025
1,363,940
(53,834)
(10,105)
(63,939)
160,389
10
279,143
56,384
335,527
175,138
10,11
225,309
46,279
271,588
335,527
Net (Outgoing) /Incoming resources for the year
Fund balances brought forward 1 April 2008
Total
2009
£
Total
2008
£
Unrestricted
Funds
£
The notes on pages 12 to 18 form part of these accounts
10
THE RESOURCE ALLIANCE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2009
Notes
2009
£
2008
£
23,522
33,843
23,522
33,843
97,447
176,756
297,796
364,976
395,243
541,732
147,177
240,048
248,066
301,684
271,588
335,527
225,309
279,143
46,279
56,384
271,588
335,527
Fixed assets
Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one year
9
Net current assets/(liabilities)
Net assets
Funds
10,11
Unrestricted funds – General
Restricted fund
Total funds
These accounts were approved by the Board of Directors and authorised for issue on 19 October 2009 and signed on their
behalf by:
Director
The accompanying notes form an integral part of these financial statements.
11
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2009
1.
(a)
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with
Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005), and applicable
accounting standards.
In prior years the financial statements included the financial statements of the Charity together with the results
of the Resource Alliance Inc a US non-profit organization registered under Section 501 (c) (3) of the Internal
Revenue Code and of the Resource Alliance – India, New Delhi. However in the current year these independent
organizations have continued to develop such that it is no longer appropriate to consider them as subsidiary.
Accordingly the accounts presented here are of the UK charity only.
(b)
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance
of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes.
(c)
Incoming resources
All incoming resources are included in the SOFA when the company is legally entitled to the income, there is
reasonable certainty of receipt and the amount can be quantified with reasonable accuracy.
(d)
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
costs related to the category. Where costs can not be directly attributed to particular headings they have been
allocated to activities on a basis consistent with use of resources. All support costs, except governance costs, are
allocated between cost of generating funds and resources expended on charitable activities on basis of time
spent.
(e)
Tangible fixed assets and depreciation.
Depreciation has been provided on all tangible fixed assets at the following rates on the net book value of the
assets at the beginning of financial year.
Fixtures and fittings
Computer equipment
Website
25% on net book value
33% on net book value.
33% on net book value.
(f)
Pension costs
The charity contributed 6% of each individual, eligible, permanent staff member’s gross salary to a personal
pension plan of their choice. The cost of providing pension benefits is charged to the SOFA.
(g)
Foreign currencies
Transactions during the year have been converted at the rate applicable at that time. Assets and liabilities in
foreign currencies are translated at the exchange rates ruling at the Balance Sheet date or where appropriate, the
rates of exchange under relevant foreign exchange contracts. Differences on exchange arising therefrom are
included in the SOFA.
12
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
2.
INVESTMENT INCOME
Interest Receivable
3.
2009
2008
£
£
15,481
17,470
Total
Total
2009
2008
GRANT INCOME
Unrestricted
Restricted
£
£
£
£
African Womens Development
-
-
-
19,961
Aga Khan Foundation
-
-
-
22,450
Yayasan Nanyang Foundation
-
-
-
4,720
Allan & Ferguson
-
15,000
15,000
-
Ford Foundation
-
-
-
20,376
Khemka Foundation
-
-
-
3,687
Plan International
-
-
-
11,459
Think Consulting
-
2,425
2,425
-
Joel Joffe
-
-
-
10,000
Sightsavers International
-
-
-
7,500
Exxon
-
-
-
11,190
Uni Geneva
-
-
-
5,000
19,274
-
19,274
5,007
19,274
17,425
36,699
121,350
Charity
Resource Alliance Inc
13
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
4.
TOTAL RESOURCE EXPENDED
Training
&
Education
Professional
Standards
Advice &
Information
Governance
2009
Total
2008
Total
Fundraising
Conferences
&
Workshops
12,772
227,715
123,960
41,126
45,630
451,203
447,102
-
535,592
145,888
-
-
-
535,592
145,888
372,723
88,077
-
160,951
-
-
-
160,951
152,752
-
883
-
-
-
883
12,446
-
-
51,121
-
-
51,121
3,562
-
19,063
-
-
22,625
49,953
35,556
5,372
-
-
-
-
5,372
5,830
-
-
-
25,010
-
25,010
28,814
-
16,987
-
15,880
-
-
15,880
16,987
10,000
-
-
-
-
44,449
4,800
-
44,449
4,800
-
7,076
4,500
6,201
21,706
1,088,016
194,144
82,016
94,879
1,480,761
1,221,030
1,746
2,125
1,108
1,331
378
2
31,937
38,875
20,277
24,357
6,920
41
8,467
10,307
5,376
6,458
1,835
12
5,057
6,156
3,212
3,857
1,096
6
6,583
8,013
4,179
5,020
1,426
8
53,790
65,476
34,152
41,023
11,655
69
3,416
58,377
22,380
34,990
16,781
6,966
6,690
122,407
32,455
19,384
25,229
206,165
142,910
28,396
1,210,423
226,599
101,400
120,108
1,686,926
1,363,940
Direct Costs
Staff Costs
Event food,
accommodation,
travel
Event Marketing
Event other direct
costs
Regional Events accommodation, food
and venue costs
Consultants &
translation services
Award
Travel & subsistence
Printing, advertising
photocopying &
postage
Regional offices local staff and direct
office costs
Grants to related
parties
Event bursaries
Board Expenses &
direct legal fees
Audit Fee
Other
Support Costs
Staff Costs & other
staff related costs
Premise costs
IT costs
Irrecoverable VAT
Depreciation
Other
TOTAL
14
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
5.
DIRECTORS’ REMUNERATION
Directors received no remuneration during the year. Expenses reimbursed to 9 directors in the period were
£20,270 (2008: 7 - £7,076). This increase is due to an additional Board meeting during the year and the wider
geographical diversity of Directors.
6.
STAFF COSTS
Wages and Salaries – UK based
Wages and Salaries – Overseas
Social security costs
Pension
2009
£
2008
£
342,206
62,827
35,901
16,821
457,755
324,627
31,308
34,217
15,650
405,802
One employee (2008: one) received emoluments totalling £60,001 to £70,000. Pension contributions are to
individual or stakeholder pension plans.
Average Staff Numbers (full time equivalents):
2009
2008
1.0
1.0
Events / programmes
15.3
15.9
Governance
0.7
17.0
0.1
17.0
Fundraising
7.
TANGIBLE FIXED ASSETS
Fixtures &
Fittings
Website
£
Cost
Brought forward 1 April 2008
Additions
At 31 March 2009
Computer
Equipment
Total
£
£
£
22,058
31,890
84,503
138,451
-
-
1,335
1,335
22,058
31,890
85,838
139,786
Depreciation
Brought forward 1 April 2008
Charge for the year
At 31 March 2009
21,359
10,630
72,619
104,608
175
7,087
4,394
11,656
21,534
17,717
77,013
116,264
Net Book Value
At 31 March 2009
524
14,173
8,825
23,522
At 31 March 2008
699
21,260
11,884
33,843
15
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
8.
DEBTORS
Trade debtors
Other debtors including grant receivable
Prepayments & accrued income
9.
2008
£
46,896
112,742
4,035
22,590
46,516
41,424
97,447
176,756
2009
£
2008
£
54,116
22,509
11,623
20,623
81,438
196,916
147,177
240,048
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors, including taxes and social
security
Accruals and deferred income
10.
2009
£
STATEMENT OF FUNDS
Unrestricted Funds
Restricted funds:
NGO Awards
AQRM
Guy Stringer Development Fund
Gill Astarita Fund
Total funds
16
1 April
2008
£
279,143
Income
£
1,575,304
Expenditure
£
1,629,138
31 March
2009
£
225,309
7,000
16,376
33,008
56,384
335,527
17,425
8,188
22,070
47,683
1,622,987
7,000
(33,801)
(16,987)
(57,788)
(1,686,926)
24,209
22,070
46,279
271,588
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
10.
STATEMENT OF FUNDS (continued)
The General reserve represents the free funds of the company, which are not restricted and free to use in
accordance with the charitable objects. Restricted reserves represent funds received which are to be applied to
specific activities during the coming year. Details of these activities are as follows:
Citigroup Kenya – funding for a workshop in Nairobi involving local funders
AQRM – development costs for post-graduate diploma course in fundraising
Guy Stringer Development Fund – to support bursaries and new initiatives
11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Fund
Restricted
Fund
Total
Funds
£
£
£
Fund balances at 31 March 2009 are represented by:
Tangible Fixed Assets
23,522
-
23,522
Debtors
97,447
-
97,447
251,517
46,279
297,796
Cash
Creditors
(147,177)
Total net assets
225,309
17
46,279
(147,177)
271,588
THE RESOURCE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2009
12.
SUBSIDIARY UNDERTAKINGS, ASSOCIATED UNDERTAKINGS AND RELATED PARTIES
In prior years the financial statements consolidated the financial statements of the Resource Alliance Limited, a
registered company and registered charity in England & Wales, together with the results of The Resource
Alliance Inc, a charity registered in the USA and the Resource Alliance (India) Trust a charity registered in
India. Consolidated accounts were prepared on the basis that the directors of the Resource Alliance Limited
considered that sufficient control was exercised over these related charities. However in the current year as a
result of the continuing independent development of these organisations it is no longer considered appropriate
and accordingly the accounts presented here are for the UK charity only.
The Resource Alliance Inc: The company has a very close relationship with Resource Alliance Inc, a Charity
registered in USA and exempted from US federal income tax under section 501 (c) (3) of the US revenue tax
code. U Menon, J Thompson, M Warwick are Directors of the US charity and it owes £705 to The Resource
Alliance.
Resource Alliance (India) Trust: The company has a close relationship with Resource Alliance (India) Trust, a
charity registered in India and exempt from income tax under clause 12AA of the Income Tax Act 1961. M
Cherian, V Lal, N Dadrawala and U Menon are Directors of the India Trust.
Resource Alliance (Malaysia) Trust: The company has a close relationship with Resource Alliance
(Malaysia) Trust, a charity registered in Malaysia. Tan Sri Dato’ Wong See Wah, Gan Chin Kew, Christopher
Chee Mun Hoe, Ann Woo, Puan Sri Ng Siew Yong Gnanalingam, YBhg Dato’ Shamsiah Abdul Rahman, and
Kiran Dhaliwal are Directors of the Malaysia Trust.
At the 31 March 2008 £15,880 held in Malaysia was treated as part of the UK charity’s assets, however as a
result of the independent development of the Resource Alliance (Malaysia) Trust this balance has been treated
as a grant to them in the current year to allow their continued development.
Resource Alliance Activities Limited: All the shares of Resource Alliance Activities Limited are owned by
The Resource Alliance Limited. P Ingram (Director) is the director of this company and S Collings (Chief
Executive) is Company Secretary. No activity has taken place since 1 st April 2003 and the company remained
dormant during the year.
18