Our work in the year is detailed in our Trustees’ Report, below, alongside our financial statements. Key charitable programme events in the year were:
- Continued delivery for our Libya programmes across a number of governmental and institutional donors;
- Completion of our programmatic work in Syria and the winding down of operations to support this work;
- Development of proposals and operations for the Black Sea region including Ukraine and Armenia.
A decision was taken by the Board in 2018 to wind down all programmes for the Syria region and halt taking on new work. This was due to PCi’s judgement that prevailing operating conditions inside Syria are not conducive to meaningfully deepening the organisation’s work. Also, despite some governmental and institutional interest in our proposals for Ukraine, we were unable to secure new programme work for this country. We remain in communication with donors regarding the delivery of work for 2020 onwards. However, the Board decided to open up programming in Armenia, and PCi successfully fundraised for a new project there.
On the organisation front we continued to refresh and refine our strategy and business planning and improve governance of risk management, and prepared for new financial accounting and reporting systems from April 2020. Our reserves policy for the year was executed as net-neutral in that we neither added to nor deducted from our cumulated reserves; however, we achieved our goal of £250k reserves, which broadly represents 6 months’ operations. A new reserves policy will be set at the AGM in 2019.
