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