Statement of Profit or Loss and comprehensive income
For the year ended 31 December 2015
| Income | 2015 | 2014 |
| US$ | US$ | |
| Grant Income | 3,532,772 | 3,931,112 |
| Other Income | 39,252 | 69,301 |
| Total Income | 3,572,024 | 4,000,413 |
| Expenses | ||
| Research Programme | 943,795 | 1,226,741 |
| Policy Outreach and training | 1,242,117 | 860,137 |
| Higher Education Programme | 987,784 | 1,460,985 |
| Administration costs | 398,328 | 452,550 |
| Total expenses | 3,572,024 | 4,000,413 |
| Surplus for the year | – | – |
Statement of financial position as at 31 December 2015
| 2015 | 2014 | |
| US $ | US $ | |
| ASSETS | ||
| Non-current assets | ||
| Property & equipment | 35,304 | 50,865 |
| Intangible assets | 17,990 | 28,194 |
| 53,294 | 79,059 |
| Current assets | ||
| Receivables | 39,038 | 45,933 |
| Bank and cash balances | 468,274 | 800,879 |
| 507,312 | 846,812 | |
| Total assets | 560,606 | 925,871 |
FUNDS AND LIABILITIES
Non-current liabilities
| Deferred income | 53,294 | 79,059 |
Current liabilities
| Unexpended grants | 357,232 | 753,300 |
| Payables | 150,080 | 93,512 |
| 507,312 | 846,812 | |
| Total funds and liabilities | 560,606 | 925,871 |