Financials
At the core of our accelerated growth has been a culture of integrity that has driven the continual enhancement of our systems and processes. The Center's commitment to accountability for results has forged greater trust among our partners and funders and fostered our financial stability. As we look to operationalize our strategic shifts and expand our portfolio of work, we are keen on maintaining this track record of success while pursuing opportunities for the financial sustainability of the Center's operations.
Income vs Expenditure
| Category | 2022 | 2021 | Δ% |
|---|---|---|---|
| Income | 41,695,094 | 22,719,111 | +84% |
| Expenditure | 25,117,981 | 20,784,479 | +21% |
Income Breakdown
| Category | Restricted | Unrestricted | 2022 | 2021 |
|---|---|---|---|---|
| Grant Income | 20,501,362 | 18,840,305 | 39,341,667 | 21,495,023 |
| Other Income | 1,742,522 | 1,742,522 | 1,030,782 | |
| TOTALS | 20,501,362 | 20,582,827 | 41,084,189 | 22,525,805 |
Expenditure Breakdown
| Sources of expenditure | Restricted | Unrestricted | 2022 | 2021 |
|---|---|---|---|---|
| Direct programme expenses | 20,501,362 | 762,922 | 21,264,284 | 18,020,551 |
| Administration and support | 3,853,697 | 3,853,697 | 2,763,928 | |
| TOTALS | 20,501,362 | 4,616,619 | 25,117,981 | 20,784,479 |
| Surplus | Restricted | Unrestricted | 2022 | 2021 |
|---|---|---|---|---|
| Net operating income | 15,966,208 | 15,966,208 | 1,741,326 | |
| Finance income | 610,905 | 610,905 | 193,306 | |
| Surplus for the year | 16,577,113 | 16,577,113 | 1,934,632 |
Other comprehensive income, net of tax
| Other comprehensive income, net of tax | Restricted | Unrestricted | Total 2022 | Total 2021 |
|---|---|---|---|---|
| Total comprehensive income | 16,577,113 | 16,577,113 | 1,934,632 |
Assets
| Assets | Total 2022 | Total 2021 |
|---|---|---|
| Total | 12,723,260 | 12,734,573 |
Non-current assets
| Non-current assets | 2022 | 2021 |
|---|---|---|
| Property and equipment | 12,723,260 | 12,725,791 |
| Intangible assets | 0 | 8,782 |
| Total non-current assets |
Current assets
| Current assets | 2022 | 2021 |
|---|---|---|
| Cash and bank balances | 37,916,627 | 15,635,764 |
| Debtors and deposits | 2,625,295 | 1,269,722 |
| Grant receivable | 3,527,625 | 2,127,163 |
| Total current assets | 44,069,547 | 19,032,649 |
Total Assets
| Total Assets | 2022 | 2021 |
|---|---|---|
| 56,792,807 | 31,767,222 |
Fund balances and liabilities
| Total Fund Balances | 2022 | 2021 |
|---|---|---|
| 33,447,523 | 16,613,247 |
Total liabilities
| Total liabilities | 2022 | 2021 |
|---|---|---|
| 33,447,523 | 16,613,247 |
Total fund balances and liabilities
| Total fund balances and liabilities | 2022 | 2021 |
|---|---|---|
| 56,792,807 | 31,767,222 |