##
##
||||Page|
|---|---|---|---|
|Report ofthe Trustees|||1to2|
|Chairman's|Report on behalf ofthe|Board|3to 8|
|Report ofthe Independent
Auditors|||9to 11|
|Consolidated|Statement
of Financial|Activities|12to 13|
|Consolidated|Balance Sheet||14|
|Group Cash|Flow Statement||15|
|Notes to the|Consolidated
Financial|Statements|16to 27|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Note|Unrestricted|2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Total funds|Total funds|
|INCOME||||||||E||
|Donations
and legacies:||||||||||
|Donations
and other|voluntary|||income (including|Gift Aid)||42,579|42,579|30,832|
|Income from charitable
activities:||||||||||
|Sponsorships|||||||13,993|13,993|13,118|
|Income from other trading
activities:||||||||||
|Shops' income|||||||5,302,785|5,302,785|10,103,749|
|Property
management|charges||||||2,898|2,898|1,750|
|Coronavirus
job retention|||scheme||||1,265,020|1,265,020||
|Retail and hospitality|grant||||||770,000|770,000||
|Investment
income:||||||||||
|Interest from cash held|||||||32,753|32,753|15,761|
|Income from listed investments||||(reinvested)|||164,881|164,881|155,112|
|TOTAL INCOME|||||||7,594,909|7,594,909|10,320,322|
|EXPENDITURE||||||||||
|Expenditure
on charitable
activities:||||||||||
|Provision of Funding|for|Child,||Youth, Adult Care|8|||||
|Educational
Services|||||||534,940|534,940|1,065,470|
|Support and governance|||costs||||142,813|142,813|90,434|
|Costs of raising funds:||||||||||
|Shops' costs|||||||6,833,487|6,833,487|7,568,646|
|TOTAL EXPENDITURE|||||||7,511,240|7,511,240|8,724,550|
|Net gains
/ (losses) on investments|||||||(815,080)|(815,080)|556,484|
|Net income
/ (expenditure)|||||||(731,411)|(731,411)|2,152,256|
|Gains
/ (losses) on revaluation||offixed||assets|||||(100,000)|
|NET MOVEMENT
IN FUNDS|||||||(731,411)|(731,411)|2,052,256|
|Reconciliation
offunds:||||||||||
|TOTAL FUNDS BROUGHT|FORWARD||||||11,292,830|11,292,830|9,240,574|
|TOTAL FUNDS CARRIED FORWARD||||||||||
|Represented
by:||||||||||
|Designated
funds (long term|care)||||||5,632,263|5,632,263|5,442,766|
|General funds|||||||4,929,156|4,929,156|5,850,064|
||||||||1~61,419|1~61,419|1~92,83Q|
##
##
##
||||Note|Group|Charity|Group|Charity|
|---|---|---|---|---|---|---|---|
|||||2020f|2020f|2019
f|2019|
|FIXED ASSETS||||||||
|Tangible assets|||9|592,578|14,527|630,356|16,910|
|Investments|||10|4,368,711|4,417,285|6,202,765|6,251,339|
|Debtors:- Amounts|falling due after|||||||
|one year||||18,000|632,978|24,296|652,917|
|CURRENT ASSETS||||||||
|Stocks||||||||
|Debtors||||800,674|428,111|601,001|337,413|
|Cash at bank and|in|hand||4,222,229|4,173,448|3,282,279|3,145,063|
|Investments|||12|923,552|923,552|911,700|911,700|
|||||5,946,455|5,525,111|4,794,980|4,394,176|
|CURRENT LIABILITIES||||||||
|Creditors:- Amounts||falling due within||||||
|one year|||13|364,325|13,296|359,567|7,325|
|NET CURRENT ASSETS||||5,582,130|5,511,815|4,435,413|4,386,851|
|TOTAL ASSETS LESSCURRENT||||||||
|LIABILITIES||||10,561,419|10,576,605|11,292,830|11,308,017|
|NET ASSETS||||10,561,419|10,576,605|11,292,830|11,308,017|
|FUNDS||||||||
|Unrestricted
income||funds||||||
|Designated
funds (long term care)||||5,632,263|5,340,837|5,442,766|7,163,039|
|General funds||||4,929,156|5,235,768|5,850.064|4,144,978|
|TOTAL UNRESTRICTED INCOME FUNDS|||14|10,561,419|10,576,605|11,292.830|11,308,017|
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||E||
|Net incoming
/ (outgoing) resources||||||83,668|1,595.772|
|Adjustments
to exclude|investment|income and||||||
|non-cash
items (see|Note A below)|||||(323,796)|47,175|
|Net cash inflow
/ (outflow) from||operating|||activities|(240,128)|1,642,947|
|Return
on investment|and servicing|||offinance||||
|Investment
income (not|reinvested)|||||20,901|15,761|
|Capital expenditure
and financial|||investment:|||||
|Purchase of intangible
fixed assets||||||||
|Purchase oftangible
fixed assets||||||(25,279)|(76,464)|
|Proceeds ofsale oftangible
fixed assets||||||600||
|Purchase of investments||||||(700,000)|(2,000,000)|
|Sale ofinvestments||||||1,883,856||
|Net cash inflow I(outflow) from||investing|||activities|1,180,078|(2,060,703)|
|Increase /(Decrease)
in cash (see|||Note B||below)|939,950|(417,756)|
|Note A||||||||
|Adjustments
to exclude investment||||income and non-cash items:-||||
|Investment
income||||||(197,634)|(170,873)|
|Depreciation||||||63,057|96,407|
|(Increase)
/ decrease
in|debtors|||||(193,377)|89,075|
|(Increase)
/ decrease
in|stocks|||||||
|Increase
/ (decrease)
in|creditors|||||4,758|50,115|
|Profit on sale oftangible|fixed assets|||||(600)||
|Provision|||||||(17,549)|
|||||||(323,796)|47,175|
|Total adjustments||||||||
|Note B||||||||
|Increase in cash at bank and in hand||||||||
|Cash at 1 January 2020||||||3,282,279|3,700,035|
|Increase
/ (Decrease)
in|cash (above)|||||939,950|(417,756)|
|Cash at 31 December 2020||||||4,222,229|3,282,279|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||FARA|FARA|Total|Total|
|---|---|---|---|---|---|---|---|
||||Foundation||Enterprises|2020|2019|
||||||Limited|||
||||||f|||
|Retail income (shops' sales)||||1,914,798|3,387,987|5,302,785|10,103.749|
|Retail expenditure
(shops' costs)||||1,705,152|5,128,335|6,833,487|~7,566,646|
|Net funds generated
from retail|activities|||209,646|(1,740,348)|(1,530,702)|2,535,103|
|etail income includes donations|from supporters|||and the Gift Aid, which has been||claimed
from the|proceeds arising|
|n the sale ofthe donor's goods|through|the|shops of FARA Enterprises
Limited.|||||
|4.
INVESTMENT INCOME||||||||
|||||||Total|Total|
|||||||2020f|2019
f|
|Income from listed investments|(reinvested)|||||164,881|155,112|
|Interest from cash held||||||32,753|15,761|
|Total investment
income||||||197,634|170,873|
##
##
##
|ANAL||SIS OF|EX|PEN|DI|TURE|ON|CHARITABLE ACTIVI|TIES|TIES|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Provision||||
||||||||||of Funding||||
||||||||||for|Child,|||
||||||||||Youth,||||
||||||||||Adult Care||||
|||||||||||8|||
||||||||||Educational||Total|Total|
||||||||||Services||2020|2019|
|||||||||||f|||
|Expenses incurred|||in Romania||||||||||
|Travel costs||||||||||1,300|1,300|10,214|
|Programmes||running|costs||||||||||
|Head office operations|||||and|fundraising|||131,924||131,924|174,210|
|Therapy||and rehabilitation|||||||149,697||149,697|289,148|
|Family|for those without|||||||||49,028|49,028|159,630|
|Adults|with learning|||disabilities||||||67,648|67,648|142,402|
|Youth Services||||||||||79,869|79,869|176,807|
|Tackling||Poverty Through||||Education||||55,474|55,474|113,059|
||||||||||534,940||534,940|1,065,470|
|UK costs|||||||||||||
|Bank charges||and interest||||||||435|435|525|
|Miscellaneous||costs||||||||2,892|2,892|2,876|
|Support costs||||||||||74,908|74,908|60,725|
|Governance||costs||||||||64,578|64,578|26,308|
||||||||||142,813||142,813|90,434|
|Total costs|||||||||677,753||677,753|1,155,904|
|ANALYSIS OF|||GOVERNANCE||||AND|SUPPORT COSTS|||||
|||||||||||||Basis of|
|||||||||||||apportionment|
|||||||||Support|Governance|||across charitable|
|||||||||costs|costs||Total|activities
f|
|Administration,||postage and telephone||||||1,552|||1,552|Allocated
on cost|
|Office overheads||||||||19,616|||19,616|Allocated
on cost|
|Staff costs||||||||53,740|||53,740|Allocated
on cost|
|Audit fees|||||||||10,500||10,500|Governance|
|Accountancy||and taxation||services|||||5,476||5,476|Governance|
|Legal and professional|||fees||||||48,602||48,602|Governance|
|Total costs||||||||74,908|64,578||139,486||
##
##
##
##
||Total re|sourc|es expended
for the year is stated|after charging:-||||
|---|---|---|---|---|---|---|---|
||||||Total||Total|
||||||2020||2019|
||Operating|lease rentals (land and buildings)|||1,385,012||1,499,587|
||Depreciation||charges for the year||63,057||93,962|
||Auditor's|remuneration|||10,500||10,500|
||||||1,458,569||1,604,049|
|8.|STAFF||AND TRUSTEE INFORMATION|||||
||||||FARA|||
|||||FARA|Enterprises|Total|Total|
|||||Foundation
f|Limited|2020f|2019
f|
||Staff costs|||||||
||Salaries|||53,740|4,145,986|4,199,726|4,089,855|
||Social security||||302,047|302,047|316,508|
||Total|||53,740|4,448,033|4,501,773|4,406,363|
##
##
|GROUP||Freehold|Leasehold|Fixtures|||
|---|---|---|---|---|---|---|
|||land and|land and|and|Motor||
|||buildings|buildings|fittings|vehicles|Total|
|Cost or valuation|||||||
|Balance at|1 January 2020|340,000|117,577|1,010,636|95,687|1,563,900|
|Additions|||13,423|11,856||25,279|
|Disposals|||(2,303)||(18,165)|(20,468)|
|Revaluation|||||||
|Balance at|31 December 2020|340,000|128,697|1,022,492|77,522|1,568,711|
|Depreciation|||||||
|Balance at|1 January 2020||63,049|790,752|79,743|933,544|
|Charge for|the year||14,218|44,853|3,986|63,057|
|Eliminated|on disposal||(2,303)||(18,165)|(20,468)|
|Balance at|31 December 2020||74,964|835,605|65,564|976,133|
|Net book values|||||||
|At 31 December 2020||340,000|53,733|186,887|11,958|592,578|
|At 31 December 2019||340,000|54,528|219,884|15,944|630,356|
##
|GROUP|||Listed|Total 2020|2019|
|---|---|---|---|---|---|
||||Investments|||
|MARKET VALUE||||||
|As at1 January 2020|||6,202,765|6,202,765|3,491,170|
|Purchase
of investments|at|cost|700,000|700,000|2,000,000|
|Dividends
reinvested|||164,882|164,882|201,321|
|Disposal ofinvestments|||(1,883,856)|(1,883,856)||
|Net investment
gains/(losses)||unrealised|(815,080)|(815,080)|510,274|
|As at 31 December 2020|||4,368,711|4,368,711|6,202,765|
|CHARITY|Held by the|
|---|---|
||Charity|
||E|
|Cost||
|As at 1 January 2020|48,574|
|As at 31 December 2020|E~|
##
|||Group|Charity|Group|Charity|
|---|---|---|---|---|---|
|||2020|2020|2019|2019|
|||F||||
|Amounts|falling due within one year:-|||||
|Trade debtors||13,194||32,437||
|Other debtors and prepayments||787,480|428,111|568,564|337,413|
|||800,674|428,111|601,001|337,413|
|||Group|Charity|Group|Charity|
|||2020|2020|2019|2019|
|||E|F||E|
|Amounts|falling due after one year:-|||||
|Other debtors||18,000|632,978|24,296|652,917|
|||18,000|632,978|24,296|652,917|
##
##
##
||||At 1||||Transfers|At 31|
|---|---|---|---|---|---|---|---|---|
||||January|Incoming|Outgoing|Gains and|between|December|
||||2020|resources|resources|losses|funds|2020|
||||E|f||||f|
|Unrestricted||funds|||||||
|Designated||funds|7,454,465|164,881||(815,080)|(1,172,003)|5,632,263|
|General|funds||3,838,365|7.430,025|~7,511,240||1,172,003|4,929,156|
||||11,292,830|7,594,909|(7,511,240)|(855,080)||10,561,419|
##
|||Designated|General||
|---|---|---|---|---|
|||fundsf|funds|Total|
|Tangible|fixed assets|340,000|252,578|592,578|
|Investments||4,368,711||4,368,711|
|Current|assets|923,552|5,040,903|5,964,455|
|Current|liabilities||(364,325)|(364,325)|
|Total net assets as at 31 December 2020||5,632,263|4,929,156|10,561,419|
|Analysis|of Charity net assets between funds|Designated|General||
|||funds|funds|Total|
||||F||
|Tangible
fixed assets|||14,527|14,527|
|Investments||4,417,285||4,417,285|
|Current|assets|923,552|5,234,537|6,158,089|
|Current|liabilities||(13,296)|(13,296)|
|Total net assets as at 31 December 2020||5,340,837|5,235,768|10,576,605|
##
##
##
|||FARA|FARA|||
|---|---|---|---|---|---|
|||Properties|Enterprises|Total|Total|
|||Limited|Limited|2020|2019|
|Subsidiary assets and liabilities|||||E|
|Tangible fixed assets||340,000|238,051|578,051|613,446|
|Stock||||||
|Debtors||1,279|411,163|412,442|424,499|
|Cash at bank and|in hand|3,227|45,554|48,781|153,331|
|Creditors:-||||||
|Amounts
falling|due within one year|(25,630)|(680,257)|(705,887)|(857,889)|
|Amounts
falling|due after one year|(479,198)||(479,198)|(479,198)|
|Net assets||(160,322)|14,511|(145,811)|(145,811)|
|Capital and reserves||||||
|Called up share capital||2|5,000|5,002|5,002|
|Profit and loss account||(160,324)|9,511|(150,813)|(150,813)|
|Net assets||(160,322)|14,511|(145,811)|(145,811)|
##
##
##