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2020-12-31-accounts

PAGES
Reference and administrative details ofthe Charity, its trustees and advisors
Trustees'
report		 2 to 10
Independent
auditor's		 report 11to 14
Statement offinancial activities 15
Balance sheet
Cash flow statement 17
Notes to the financial statements 18to 30

RISK RISK MANAGEMENT
OF		 RISK
REPUTATION ~ engagement
in policy setting and monitoring
Events
Trust's
include
breach,		 that
could
adversely
affect Amana
reputation
and operations.
This could
a cyber-attack,
a serious data security
or fraud.
It could
also
include
a		 ~
~		 training
and awareness
programs
for staff
outsourced
specialists
in health
and safety
and
information
technology
significant health and safety incident
or an		 ~ information
security
policies
and
procedures		 including anti-
incident relating to the integrity of one of the virus software
Charity's charitable activities. ~ regular
reviews of and investment
in		 IT infrastructure
~ anti-fraud
processes and controls
.
FINANCIAL ~
income
comes
from
fees for		 services and donations
Credit risk,
liquidity
risk,
currency		 risk and received
from
many
customers		 who are related
to the
cash flow risk Charity,
therefore
the trust has		 limited exposure to credit
risk. The maximum
exposure as		 at 31December 2020are
in receivables
from customers,		 as disclosed
in Note		 13
~ regular
review of operating
reserve		 policy and available liquid
funds to settle debts as they fall due
~ continued
appeal
for funds
for projects such		 as UK building
project which are well received
~ in depth accounting
and legal advice		 including VAT consultant
~ currency
forward
contracts
to
mitigate
the		 currency risk
between
the
USD:GBP currency		 pair
for
highly		 probable
forecast transactions
TALENT
Knowledgeable
are not attracted,		 and experienced
developed
and		 employees
retained		 ~
~
~		 Good relationship
management
with UKVI
Regular reviews of resourcing
processes
Employee
engagement
and follow up action plans
~ encouraging
the upskilling
ofcurrent		 employees

Restricted Unrestricted Total Reelected tfnresrncred Torsi
funds funds funds funds funds funds
Note 2020 2020 2020 2019 2019 2019
8 8 5 5 5
INCOME
Donations 3,415,585 250,833 3,666,41 8 5,834,506 356,280 8,190,765
Charitable
acgvilies
Training 133,982 133,982 159,346 159,346
Literature
sales		 121,476 121,476 157,435 157,435
Campus &community 2,148 2,148
Conferences
and events		 31,513 31,513 758 145,869 146,627
Other 5,252 155,364 159,716 71 53,300 53,371
Trading activities 545 545 4,257 4,257
Investments
Interest income 3,777 3.777 14,432 14,432
TOTAL INCOME 697,490 4.118.327 5,835,385 893,067
EXPENSES
Charitable
activities		 1,684,523 321,937 2,006,460 1,899,973 948,078 2,848,051
Raising funds
Trading acbwfas 15,767 15,767 3,858 3,858
Other
Otner 669,001 927.830 502,906
TOTAL EXPENSES 1,943,352 1,006,705 2,402,879
NET INCOMINGI(OUTGOING)
FUNDS FROM
OPERATIONS BEFORETRANSFERS		 1,477,485 (309,215) 1,168,270 3,432,456 f365,I96) 3,067,260
Transfers
between
funds		 651,574 2.933.324
NET INCOME BEFOREOTHER 825,911 342,360 1,168,270 499,132 2,568,128 3,067,260
RECOGNISED GAINS AND LOSSES
OTHER RECOGNISED GAINS AND LOSSES
Cash Bow hedge
—mark to market		 52,190 52,190 119,921 119,921
Redasslflcatlon
to protlt and loss
NET MOVEMENT
IN FUNDS		 878,101 342,360 1,220,460 619,053 2,588,128 3,187,181
Torsi I'unde
1January
2019		 17 4,541,408 14,584,781 7,475,245 11,397,500
TOTAL FUNDS AT 31 DECEMBER2020

Restricted Unrestricted Total Restricted unrestncted Total
funds funds furitls funds funds funds
Note 2020
8		 2020 2020
8		 2019
6		 2019
6		 2019f
NON-CURRENT
ASSETS
Tangible assets 9 4,085,931 8,566,900 12,652,831 2,722,959 8,709,747 11432,706
Investments 10 1 1 I
Fixed assets 4,085,931 8566,901 12,652,832 2,722,959 8.709,748 11,432,707
Long-term
receivable		 11 98,244 98,244 109,379 109,379
Denvative
financial		 instrument 18
4,085,931 8,665,145 12,751,076 2,722,959 8,819,127 11,542,086
CURRENTASSETS
Stocks 12 87,789 87,789 73,590 73,590
Debtors 13 98361 98,361 298,979 298,979
Cash and cash equivalents 1,329,406 1,822,321 3,151,727 1,866,467 1,613,280 3,479,747
Denvative
6'nanoal		 instrument 4,172
1,333,578 2,008,471 3,342,049 1,866,467 1,985,849 3852,316
CURRENT LIABILITIES
Creditors: amounts falling due within one year 14 (258,184) (258,184) (372,423) (372,423)
Derivative
finanmal		 instrument 16
(258,184) (258,184) (372,423) (372,423)
NET CURRENT ASSETS
NON-CURRENT
LIABILITIES
Creditors;
amounts		 fefiing due after one year 15 (29,700) (29,700) (389,180) (389,180)
Derivative
financial		 instrument 16
(29,700) (29,700) (48,018) (389,180) (437,198)
NET ASSETS 10385,732 10,043,373 14,584,781
CHARITY FUNDS
Restricted funds 17 5,419,509 5,419,509 4,541,408 4,541,408
Unrestncted
funds		 17 10,385,732 10,385,732 10,043,373 10.043,373
TOTAL FUNDS 5,419,509 'f4 584781

2020 2019
8 As restated
8
a) Reconciliation
ofnet income to net		 cash flow from operating activities
Net income for the reporting
year (as per		 the Statement of Financial
Activities) 1,168,270 3,067,260
Adjustments
for:
Depreciation
charge		 189,201 173,111
Loss on disposal
offixed assets		 11,128 255
Profit on disposal offixed assets (900)
Foreign exchange loss / (gain) shown
in		 financing activities 5,979 165,788
Interest income shown
in investing
activities		 (3,777) (14,432)
Adjustments
for changes
in working capital:
(Increase)
/ Decrease
in inventory
(Increase)
/ Decrease
in debtors
increase
/ (Decrease)
in creditors		 (14,199)
200,617
~65 941		 (24,394)
48,077
113,613
Net cash provided
by operating
activities		 1,490,378 3,529,278
b) Statement of cash flows
Net cash provided
by operating
activities		 1,490,378 3,529,728
Cash flows for investing
activities:
Interest income 3,777 14,432
Long-term
receivable		 11,135
Purchase oftangible assets
Payments
for assets under construction		 (47,417)
~4373.030		 (2,539,203)
~1,400,060
Net cash used in investing
activities		 (1,405,541) (3,924,831)
Cash flow for financing
activities
Repayment
of long-term
financing		 (395,898) (442,523)
Repayments
of Hire Purchase
obligations		 (11,880) (5,940)
Proceeds from sale oftangible assets 900
Net cash provided
by financing
activities
Change
in cash and cash equivalents
in the
Currency
translation
differences
Net change
in cash and cash equivalents
in		 year
the year		 (406,878)
(322,041)
~5979,
(328,020)
(448,463)
(844,016)
~160,708
(1,009,804)
Cash and cash equivalents
at the beginning		 of the year 3,479,747 4,489,551
Cash and cash equivalents
at the end		 of the year 3,151,727 3,479,747

2. DONATIONS DONATIONS
Restricted Unrestricted
funds funds Total funds Total funds
2020f 2020f 2020f 2019f
General fund 250,833 250,833 356,280
Servant support fund 1,441,449 1,441,449 1,610,450
Radio contributions fund 216,693 216,693 179,948
Construction fund 1,755,368 1,755,368 1,791,220
Property fund 2,250,000
Romanian
RcV translation		 fund 207~ 2,075 2,eee
Total 2020 3,415,585 250,833 3,666,418 6,190,786
Total 2019 5834 500 356,280 6,190,786 6,190,786
3. TRADING ACTIVITIES
Unrestricted
funds Total funds Total funds
2020f 2020 2019f
Bookshop gifts 545 545 4 257
Total 545 545 4,257

Direct costs Support Support
Cost of Direct costs Direct costs costs costs
salesf Staff externalf otherf governancef Totalf
Charitable activities
Training 4,500 159,797 34,518 269,937 15,259 484,011
Literature costs 63,241 79,898 21,691 107,766 8,720 281,316
Conferences 719,085 5,882 115,687 6,540 847,194
Radio broadcast 141,760 179,375 67354 5,450 393,939
67,741 1,100,540 241,466 560,744 35,969 2,006,460
Raising funds
Trading activities 989 14,778 15,767
989 14,77e 15,767
Other
Other 711,754 128,711 80,825 6,540 927,830
711,754 128,711 80,825 6,540 927,830
Total 2020 68,730 1,812,294 384 955 641 569 42,509 2,950,057
Total 2019 103,075 1.779,355 820 524 1,116,987 41,221 3,661,142

Fixtures
Freehold Assets under Motor a Office
property construction' vehicles fittings equipment Total
Cost
At 1 January 2020 9,535,642 2,417,899 367,527 246,787 41,547 12,611,402
Additions
Disposals		 8,202 1,373,036 ~32,900 39,215
~4.759		 ~73,030 1,420,453
~00,130
At 31 December 2020 9,543,844 3,790,935 334,577 283 043 28,517 13,981,716
Depreciation
At 1 January 2020 727,787 212,885 212,781 25,243 1,178,696
Charge for the year
On disposals
At 31 December 2020		 90,275
823,062		 57,482
~32,950
237417		 34,176
~3,820
243337,		 2,268
~2,442
25,069		 189,201
~39,D12
1,328,885
Net book value
A\ 31 0 I 2020 8 720 782 3 790935 97,160 40,506 3,440 12,052,031
A1310 I 2019 8807855 2,417,899 154,642 36006 10304 11432.706

11.
 DEBTORS: AMO UNTS
FALLING DUE AFTER MORE THAN O		 NE YEAR
Total Total
2020 2019
f 8
Amounts receivable between two and five years
Long-term receivable 29759 18,718
Amounts receivable after more than five years
68,485
Long-term receivable 90,661
Total debtors receivable aRer more than one year 98,244 109,379

2020 2019
6 6
Bookshop stock 87,789 73,590
tock recognised in cost ofsales during the year as an expense was f68,730(2019:6103,075),
13.
DEBTORS
2020 2019
6
Trade debtors 8,917 20,918
Other debtors 66,352 194,493
Short term portion - Long-term receivable 7,440 4,365
Prepayments
and accrued income		 15852 79 203
Total 98,361 298,979
ll amounts
are payable		 within 12 months. The net carrying value of debtors
is considered		 a reasonable approximation
of fai
alue.
14.
CREDITORS
Unrestricted
funds Total Total
Amounts
falling		 due within one year 2020 2020 2019
6 E 8
Trade creditors 120,016 120,016 215,430
Other creditors 7,734 7,734 6,685
Obligations
under finance leases		 11,880 11,880 11,880
Short term portion - long term
Accruals and income received		 borrowing
in advance		 «8,554 118554 48,298
90 130
Total 2020 258,184 258,184 372,423
Total 2019 372 423 372,423 372,423

Brought Incoming Resources Transfer Total Mark to Carried
forward resources expended offunds funds market forward
2019 2020 2020 2020 2020 2020 2020
Unrestricted funds
General
fund		 9,995,887 697,490 (994,022) 621,574 10,320,929 10,320,929
Designated
Managed		 fund- 47,486 (12,099) 18,000 53,387 53,387
Designated
Ministry		 fund- 584 11416
Total Unrestricted
funds 10,043,373 697,490 1,006,705 10,385,732
Restricted funds
Construction fund 4,254,368 1,760,208 (258,829) (483,440) 5,272,307 52,190 5,324,497
Servant support
fund		 4,289 1,441,861 (1,437,977) 8,173 8,173
Radio contributions
fund 282,699 216,693 (241,237) (168,134) 90,021 90,021
Romania
travel		 (5,264) (5,264) (5,264)
Romanian
Recovery
fund 52 2,082 2,082
Total Restricted
funds 4,541,408 3,420,837 1,943352 651 574 5,367,319 52,190 5,419,509
Total funds 14584781 4 118327 2950057 15753,051 52 190 15805,241

Brought Incoming Resources Transfer Total Mark to Carried
forward resources expended offunds funds market forward
2018 2019 2019 2019 2019 2019 2019
Unrestricted funds
General
fund		 7,386,226 893,067 (1,197,480) 2,914,074 9,995,887 9,995,887
Designated fund 47,486
Total Unrestricted
funds 1258283 10,043,373
Restricted funds
Property
fund		 250,000 2,250,000 (2,500,000)
Construction fund 3,320,585 1,791,287 (503,146) (474,279) 4,134,447 119,921 4,254,368
Servant support fund 1,610,450 (1,647,116) 40,955 4,289 4,289
Radio contributions
fund 349,327 180,706 (247,334) 282,699 282,699
Netherlands fund 2,443 (2,447)
Romanian
Recovery
fund 2,888 2836 52 52
Total Restricted
funds 3,922,355 5,835,335 2,402,962 2 933324 4,421,487 119,921 4,541,408
Total funds 6,728,402 3661142 . 8
. 81