##
##
##
|Trustees||Kha lil Barrage||||
|---|---|---|---|---|---|
|||Selim Feghali||||
|||Patrick George||(Appointed|14April 2022)|
|||Emma nuel Gresh||||
|||Karim Nasrallah||(Appointed|4 March 2022)|
|||Sarah van de Water||||
|||Karim Abbas||(Appointed|17June 2022)|
|Chief Executive Officer||Nadine
Massoud||(Resigned|31March 2023)|
|||Zeina Farhat||(Appointed|1April 2023)|
|Charity number||1136612||||
|Company|number|07148185||||
|Registered|office|85 Great Portland Street||||
|||London||||
|||W1W 7LT||||
|||England||||
|Auditor||HW Fisher LLP||||
|||Acre House||||
|||11-15William|Road|||
|||London||||
|||NW1 3ER||||
|||United
Kingdom||||
|Bankers||Blom Bank France||||
|||195Brompton|Road|||
|||London||||
|||SW3 1LZ||||
|||HSBC Bank PLC||||
|||92 Kensington|High Street|||
|||Kensington||||
|||WB 4SH||||
|Solicitors||Withers
LLP||||
|||20 Old Bailey||||
|||London||||
|||EC4M 7AN||||
##
##
||||Page|
|---|---|---|---|
|Trustees'
report|||1-3|
|Statement
of|Trustees'|responsibilities||
|Independent|auditor's|report|5-7|
|Statement
of|financial|activities|8-9|
|Balance sheet|||10|
|Statement
of|cash flows|||
|Notes to the financial||statements|12-22|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|We|have nothing to report|in respect of the following
matters
in relation|in respect of the following
matters
in relation|to which the Companies|to which the Companies|Act 2006 requires||us to|report|to|
|---|---|---|---|---|---|---|---|---|---|---|
|you|if, in our opinion:||||||||||
||adequate
accounting|records have not been|kept, or returns
adequate
for our audit||have not|been received from branches||||not|
||visited
by us; or||||||||||
||the financial statements
are not in agreement||with the accounting|records and returns; or|||||||
||certain disclosures of|trustees'
remuneration|specified
by law are not made; or||||||||
||we have not received|all the information
and|explanations
we require for our audit;||or||||||
||the Trustees were not entitled to prepare
the financial
statements|||in accordance|with the|small companies|regime||and take||
||advantage
of the small
companies'
exemptions
in preparing
the|||Trustees'
report|and from the requirement|||to|prepare|a|
||strategic report.||||||||||
##
##
##
##
##
##
##
##
##
##
|Current financial|Current financial|year||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|||
||||||general|designated||||
||||||2022|2022|2022|2022|2021|
|||||Notes|||f|f|f|
|Income and endowments|||from:|||||||
|Donations
and|legacies||||697,412||60,217|757,629|1,323,469|
|Investments|||||1,908|||1,908|31|
|Otherincome|||||80,462|||80,462||
|Totalincome|||||779,782||60,217|839,999|1,323,500|
|~Ex enditure
on:||||||||||
|Charitable
activities|||||896,047|127,193|81,487|1,104,727|6,185,772|
|Net outgoing resources|||before transfers||(116,265)|(127,193)|(21,270)|(264,728)|(4,862,272)|
|Gross transfers|between||funds||(46,742)|46,742||||
|Net expenditure||for the|year/|||||||
|Net movement|in funds||||(163,007)|(80,451)|(21,270)|(264,728)|(4,862,272)|
|Fund balances at||1January 2022|||675,495|81,074|92,488|849,057|5,711,329|
|Fund balances|at|31December 2022|||512,488|623|71,218|584,329|849,057|
##
##
##
##
|Prior financial|ye|ar|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|Restricted|Total|
||||||funds|funds|funds||
||||||general|designated|||
||||||2021|2021|2021|2021|
|||||Notes|||f|f|
|Income and endowments|||from:||||||
|Donations
and|legacies||||1,074,217||249,252|1,323,469|
|Investments|||||31|||31|
|Total income|||||1,074,248||249,252|1,323,500|
|~Ex enditore on:|||||||||
|Charitable
activities|||||754,156|443,877|4,987,739|6,185,772|
|Net outgoing resources|||before transfers||320,092|(443,877)|(4,738,487)|(4,862,272)|
|Gross transfers|between||funds||(312,574)|312,574|||
|Net expenditure||for the|year/||||||
|Net movement|in funds||||7,518|(131,303)|(4,738,487)|(4,862,272)|
|Fund balances at||1January 2021|||667,977|212,377|4,830,975|5,711,329|
|Fund balances|at|31December 2021|||675,495|81,074|92,488|849,057|
##
##
##
||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|f||f||
|Current assets|||||||
|Debtors|||215||||
|Cash at bank and in|hand||603,970||921,107||
||||604,185||921,107||
|Creditors: amounts|falling due within one year|12|(19,856)||(72,050)||
|Net current assets||||584,329||849,057|
|Income funds|||||||
|Restricted funds||14||71,218||92,488|
|Unrestricted
funds|||||||
|Designated
funds||15|623||81,074||
|General unrestricted|funds||512,487||675,494||
|Share capital|||1||1||
|||||513,111||756,569|
|||||584,329||849,057|
##
##
##
||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||f||
|Cash flows from operating|activities||||||||
|Cash absorbed
by operations||||20||(319,045)||(4,879,424)|
|Investing
activities|||||||||
|Investment
income received|||||1,908||31||
|Net cash generated
from|investing|activities||||1,908||31|
|Net decrease in cash and|cash equivalents|||||(317,137)||(4,879,393)|
|Cash and cash equivalents|at beginning||ofyear|||921,107||5,800,500|
|Cash and cash equivalents|at end ofyear|||||603,970||921,107|
##
##
##
##
##
##
##
##
##
##
##
|1|Accounting
policies||||(Continued)|(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|
|1.5|Resources expended|||||||
||Expenditure
is recognised
once there is a legal or constructive
obligation to transfer|economic benefit to a third|party,|||it is||
||probable that a transfer ofeconomic benefits
will be required
in settlement
and the amount ofthe obligation
can||||be measured|||
||reliably. Direct costs are allocated directly to the charity's
single activity.|||||||
||Support costs are those costs incurred
directly
in support ofexpenditure
on the objects ofthe charity. Governance||||costs are|||
||those incurred
in connection
with administration
ofthe company
and compliance
with constitutional
and statutory|||||||
||requirements.|||||||
||Grants payable comprise scholarship
payments
and other donations
directly related|to the objects ofthe charity.||||||
||Grants payable are charged
in the year when the offer is conveyed to the recipient.|Grants offered subject to conditions||||are||
||recognised
in the period those conditions
are met, prior to this they are noted as a|commitment
but not accrued||as||||
||expenditure.|||||||
|1.6|Financial instruments|||||||
||The charity
has elected to apply the provisions
of Section 11 'Basic Financial
Instruments'
and Section 12||'Other|||Financial||
||Instruments
Issues' of FRS 102to all of its financial
instruments.|||||||
||The charity
only has financial
assets and financial
liabilities of a kind that qualify as basic financial
instruments.|||Basic||financial||
||instruments
are initially
recognised
at transaction
value and subsequently
measured|at their settlement
value.||||||
|1.7|Employee benefits|||||||
||The cost of any unused
holiday entitlement
is recognised
in the period
in which the|employee's
services are received.||||||
||Termination
benefits are recognised
immediately
as an expense when the charity
is demonstrably
committed||to|terminate|||the|
||employment
ofan employee orto provide termination
benefits.|||||||
|1.8|Retirement
benefits|||||||
||Payments to defined contribution
retirement
benefit schemes are charged as an expense as they fall due.|||||||
|1.9|Foreign exchange|||||||
||Monetary
assets and liabilities
denominated
in foreign currencies
are translated
into sterling at rates of exchange||||ruling at||the|
||balance sheet date.|||||||
||Translation
in foreign currencies
are translated
into sterling at the rate ruling on the|date ofthe transaction.||||||
||Exchange
gains
and
losses are recognised
in the statement
of financial
activities
incorporating
income
and||||expenditure|||
||account.|||||||
|2|Critical accounting
estimates
and judgements|||||||
||In the
application
of the
charity's
accounting
policies,
the
Trustees
are
required
to
make
judgements,|||estimates|||and|
||assumptions
about
the
carrying
amount
of assets
and
liabilities
that
are not|readily
apparent
from other|||sources.||The|
||estimates
and associated
assumptions
are based on historical
experience
and other factors that are considered|||to be||relevant.||
||Actual results
may differ from these estimates.|||||||
||The estimates
and underlying
assumptions
are reviewed
on an ongoing basis. Revisions to accounting
estimates|||are recognised||||
||in the period
in which the estimate
is revised where the revision affects only that|period, or in the period of|the||revision||and|
||future periods where the revision affects both current and future periods.|||||||
||The Trustees are satisfied that there are no significant
accounting
estimates orjudgements
in the financial statements.|||||||
##
##
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||general|||general|||
||||2022|2022|2022|2021|2021|2021|
|||||f|f||f|f|
||Donations|and gifts|697,412|60,217|757,629|1,074,217|249,252|1,323,469|
|4|Investments||||||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||general|general|
||||||||2022|2021|
||Interest receivable||||||1,908|31|
|5|Other income||||||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||general|general|
||||||||2022|2021|
||Otherincome||||||80,462||
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||f|f|
|Scholarships
(137individuals)||679,389|525,834|
|Staff costs||59,381|56,766|
|Professional
fees||96,996|65,284|
|Exchange (gains)/losses||(90,390)|(8,354)|
|||745,376|639,530|
|Grant funding ofactivities (see note 20)||208,680|5,438,840|
|Share of support costs (see note 8)||100,063|89,706|
|Share ofgovernance|costs (see note 8)|50,608|17,696|
|||1,104,727|6,185,772|
|Analysis
by fund||||
|Unrestricted
funds - general||896,047|754,156|
|Unrestricted
funds - designated||127,193|443,877|
|Restricted funds||81,487|4,987,739|
|||1,104,727|6,185,772|
|Grants payable||||
|||2022|2021|
|||f|f|
|Grants to institutions:||||
|Various
—see note 20||208,680|5,438,840|
##
##
##
|8|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||Support costs|Governance|2022|Support costs|Governance|2021|
||||costs|||costs||
||Sundry expenses|23,819||23,819|9,902||9,902|
||Bank charges and interest|1,106||1,106|2,680||2,680|
||Professional
fees|58,151||58,151|56,502||56,502|
||Insurance|721||721|934||934|
||Marketing
and|||||||
||communications|7,203||7,203|11,200||11,200|
||Audit fees||12,870|12,870||11,685|11,685|
||Lega
I and profess ion aI||33,325|33,325||5,227|5,227|
||Accountancy|9,063|4,413|13,476|8,488|784|9,272|
|||100,063|50,608|150,671|89,706|17,696|107,402|
||Ana lysed between|||||||
||Charitable
activities|100,063|50,608|150,671|89,706|17,696|107,402|
##
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||Number|Number|
||Charitable
activities|—education|||||||
||Employment
costs||||||2022|2021|
||||||||E|E|
||Wages and salaries||||||49,971|48,000|
||Sacia I security costs||||||5,912|5,406|
||Other pension costs||||||3,498|3,360|
||||||||59,381|56,766|
||There were no employees|||whose annual|remuneration|was f60,000or more.|||
|11|Debtors||||||||
||||||||2022|2021|
||Amounts
falling due|within one year:|||||E|E|
||Prepayments
and accrued|||income|||215||
|12|Creditors: amounts|falling||due within one year|||||
||||||||2022|2021|
||||||||E|f|
||Trade creditors||||||2,466|1,656|
||Amounts
owed to fellow group undertakings||||||539|1,342|
||Other creditors|||||||55,430|
||Accruals and deferred||income||||16,851|13,622|
||||||||19,856|72,050|
|13|Share capital||||||2022|2021|
||||||||E|E|
||Ordinary
share capital||||||||
||Issued and fully paid||||||||
||1Ordinary
Share of|f1|||||||
##
##
##
|||||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Balance at|Incoming|Resources|Balance at|
|||1|January 2021|resources|expended|1January 2022|resources|expended|31December|
||||||||||2022|
|Impact|Lebanon||4,830,975|249,252|(4,987,739)|92,488|60,217|(81,487)|71,218|
##
|||Balance at|Resources|Transfers|Balance at|Resources|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|
|||1January 2021|expended||1January 2022|expended||31December|
|||||||||2022|
|Scholarship|||||||||
|Fund||120,740||(120,740)|||||
|Beirut|||||||||
|Emergency|||||||||
|Fund||46,761|(372,892)|395,479|69,348|(32,679)|(36,669)||
|Job Creation|||||||||
|Initiative|Fund|44,876|(70,985)|26,109||(81,053)|81,053||
|Support|Forsa||||||||
|Fund||||11,726|11,726|(13,461)|2,358|623|
|||212,377|(443,877)|312,574|81,074|(127,193)|46,742|623|
||||IU|||||IA|IA|
|---|---|---|---|---|---|---|---|---|---|
||||||Cl|||Cl|Cl|
||||||YQ|||CD|CD|
|||||||||00|00|
|||||I/I||||00|00|
||||QI
V|Cl
C
'V|PQ
Q
rV|||00
PQ
CD|00
PVle|
||||Ql|||||||
|||||I/I||||||
||||V
IUC
00|C
v-|Cl
YQ|||Cl
00|Cl
00|
||||Ql|||||||
||||Cl|||||||
|||||I/I||||||
||||V|C|PQ
Cl|||||
|||||4-|YQ|||||
||||Ql
I|||||||
||||tU0||CV
tVO|W||CD
IYl|Ch
PV
m|
||||||CQ|||||
|||||||||00|00|
|||||||||IA|I/l|
||||Ql
v|0
C|CV
IV
O|W||00
(V|00
(4|
||||I|IV|cv|||||
||||Ql|||||||
||||3|I/I
C|cv
CV
O|W||m
PQ
tO||
||||CUC|IV|CQ|||||
||||UU|||||||
||||QlO|||||||
||||3
o
I|I/!
C
IV|CV
YQ
O
CV|W||00
00|00
00
PV|
|||||||||IA|IA|
||||CD|||||||
|CI||||||||||
|DzI-z0
CJ|||||||QI|||
|lAI-Z
UJ|||||||Ql
0.
Ql
I|||
||||||||Ql|||
|UJ
I-|LJJ
Lu|'5
C
C|||||IU
PQ
PQ
CI
PV
I|||
||Cl|Ql
4l|||||Ql|||
|||V
4l|||||E
Ql|I/I||
|Z
z|CI
L4J
0|V
4l|||||0
IYl|Ql||
|lJ
UJ
Z|Qg|CUV
QlC
0|||||IU
I/I
QIo|I/I
I/I
IU
I/I||
|o
v)|L4J|CUC|||||IU
C
u|C
Ql||
|Z|P.|||||||||
##
##
##
##
##
|20|Cash generated
from operations|Cash generated
from operations|2022|2021|
|---|---|---|---|---|
||||f|f|
||Deficit for the year||(264,728)|(4,862,272)|
||Adjustments
for:||||
||Investment
income recognised|in profit or loss|(1,908)|(31)|
||Movements
in working capital:||||
||(Increase)
in debtors||(215)||
||(Decrease) in creditors||(52,194)|(17,121)|
||Cash absorbed
by operations||(319,045)|(4,879,424)|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|2
rants to institutions|relatin|to LIFE||Generation's||humanitarian|||
|ro rammes
Beirut Emer enc||Fund||Facebook and||Accelerate:|||
|Borderless|||||||16,308||
|Tahaddi|||||||16,371||
|||||||||2,966|
|Al Salla El insaniya||||||||57,380|
|Association
Himaya||||||||7,615|
|Beit el Baraka USA||||||||10,877|
|IRAP||||||||7,260|
|Lebanese
Civil Defense||||||||3,707|
|Nusaned||||||||35,555|
|Sesobel||||||||4,431|
|Grants awarded
in relation to Facebook Programme||||||||243,927|
|Increase due to foreign|exchange||difference|||||(827)|
||||||||32,679|372,891|
|2
rants to institutions|relatin|to Job||Creation|Initiative:||||
|Codi|||||||40,018|70,985|
|SEFactory Trough Alfanar|||||||41,035||
||||||||81,053|70,985|
|1
rant to other institutions|||||||||
|Ruwwad
al Tanmiya||||||||7,224|
|Beit el Baraka|||||||13,461||
||||||||13,461|7,224|
##
##
|20|Schedule ofgrants paid|Schedule ofgrants paid||||(Continued)|
|---|---|---|---|---|---|---|
||3
rants to institutions|relatin||to im act Lebanon:|||
||Al Salla El insaniya|||||244,644|
||Alfanar|||||177,388|
||Alghina
Association|||||51,132|
||Alpha-Tech
SARL||||23,442|20,389|
||Anti-Racism
Movement|||||72,637|
||Arc En Ciel|||||137,089|
||Bashmeh
and Zeitouneh|||||250,604|
||Beit El Baraka|||||872,338|
||Catalytic Action||||27,940||
||Embrace|||||83,648|
||General
Medical Equipment||SAL|||46,730|
||House ofChristmas||||30,105|472,240|
||Intermedic
(Jean Farah|&Co)||||72,105|
||Karl Storz SEand Co KG|||||25,108|
||Live Love Lebanon|||||236,739|
||Medconsul
Middle East|Sari||||4,720|
||Min Albi|||||159,962|
||Nusaned|||||820,346|
||Rotary Club de Beirut|||||553,803|
||The Lebanese Association for|||Development||391,969|
||Transcot
SA|||||6,055|
||Unite Lebanon
Youth Project|||||287,730|
||Increase due to foreign|exchange difference||||364|
||||||81,487|4,987,740|
||Total grants to institutions||||208,680|5,438,840|