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||||||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|
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|||||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||||
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|||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||||||||
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||||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|
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||||||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|
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|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|
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|||||||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|
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|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|
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|||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|
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||||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|
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