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|Trustees'
Annual
Report (incorporating
the Strategic Report,|||1tog|
|Directors' Report and Chairman's
Report)||||
|Report ofthe|Independent
Auditors||10to 12|
|Consolidated|Statement of Financial|Activities|13to 14|
|Consolidated|Balance Sheet||15|
|Group Cash|Flow Statement||16|
|Notes to the|Consolidated
Financial|Statements|17to 28|
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||||||Note|2021 (Total)|2020|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted||
|||||||Funds|Total funds|
|INCOME||||||||
|Donations
and legacies:||||||||
|Donations
and other|voluntary||income (including|Gift Aid)||43,763|56,572|
|Income from other trading
activities:||||||||
|Retail income||||||8,094,074|5,302,785|
|Property management|charges|||||3,300|2,898|
|Coronavirus
job retention||scheme||||755,058|1,265,020|
|Retail and hospitality|grant|||||605,887|770,000|
|Investment
income:||||||111,234|197,634|
|TOTAL INCOME||||||9613 316|7 594909|
|EXPENDITURE||||||||
|Costs of raising funds:||||||||
|Retail costs||||||7,868,127|6,833,487|
|Portfolio management||||||8,266||
|Expenditure
on charitable
activities:||||||||
|Provision of Funding|for Child,||Youth, Adult Care|&||||
|Educational
Services||||||2,005,565|677,753|
|TOTAL EXPENDITURE||||||9881 958|7 511 240|
|Net income
/ (expenditure)|for the year|||||(268,642)|83,669|
|Net gains
/ (losses) on revaluation||offixed assets||||(70,000)||
|Net gains
/ (losses) on investments||||||261,763|(815,080)|
|NET MOVEMENT OF FUNDS FOR THE YEAR||||||(76,879)|(731,411)|
|Reconciliation
offunds:||||||||
|TOTAL FUNDS BROUGHT|FORWARD|||||10,561,419|11,292,830|
|NET MOVEMENT OF FUNDS FOR THE YEAR||||||~76 879|~731 411|
|TOTAL FUNDS CARRIED FORWARD||||||||
|Represented
by:||||||||
|Designated
funds||||||8,785,244|5,632,263|
|General funds||||||1,699,296|4,929,156|
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||||Note|Group|Charity|Group|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2021|2020|2020|
||||||f|||
|FIXEDASSETS||||||||
|Tangible assets|||10|519,845|46,312|592,578|14,527|
|Investments|||11|5,264,010|5,312,584|4,368,711|4,417,285|
|Debtors:- Amounts|falling due after|||||||
|one year|||12||250,000|18,000|300,000|
|CURRENT ASSETS||||||||
|Debtors|||12|751,188|503,585|800,674|761,089|
|Cash at bank and|in hand|||3,887,790|3,789,920|4,222,229|4,173,448|
|Investments|||13|923,552|923,552|923,552|923,552|
|||||5,562,530|5,217,057|5,946,455|5,858,089|
|Less: CURRENT LIABILITIES||||||||
|Creditors:- Amounts||falling due within||||||
|one year|||14|383,360|249,031|364,325|13,296|
|NET CURRENT ASSETS||||5,179,170|4,968,026|5,582,130|5,844,793|
|TOTAL ASSETSLESSCURRENT||||||||
|LIABILITIES||||10,963,025|10,576,922|10,561,419|10,576,605|
|Less: PROVISIONS|FOR LIABILITIES||15|478,485|57,195|||
|NET ASSETS||||10,484,540|10,519,727|10,561,419|10,576,605|
|FUNDS||||||||
|Unrestricted
income||funds||||||
|Designated
funds||||8,785,244|8,785,244|5,632,263|5,340,837|
|General funds||||1,699,296|1,734,483|4,929,156|5,235,768|
|TOTAL UNRESTRICTED INCOME FUNDS|||16|10,484,540|10,519,727|10,561,419|10,576,605|
|Approved
by the Board|ofTrustees on ......~'"..Q...cPPC..PE..and signed on their behalf by:-|||||||
|Ms S G Cross|||Mr R Davidson|||||
|Chairman|||Trustee|||||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||E|
|Net incoming
I(outgoing) resources|||||(268,642)|83,668|
|Adjustments
to exclude|investment|income and|||||
|non-cash
items (see|Note A below)||||538,579|(323,796)|
|Net cash inflow I(outflow) from||operating||activities|269,937|(240,128)|
|Return on investment|and servicing offinance||||||
|Investment
income (not|reinvested)||||19,680|20,901|
|Capital expenditure
and financial|||investment:||||
|Purchase oftangible
fixed assets|||||(82,074)|(25,279)|
|Proceeds ofsale oftangible fixed assets||||||600|
|Purchase of investments|||||(2,108,079)|(700,000)|
|Sale of investments|||||1,566,098|1,883,856|
|Net cash inflow I(outflow) from||investing||activities|(604,376)|1,180,078|
|Increase
/ (Decrease) in cash (see|||Note B|below)|(334,439)|939,950|
|Note A|||||||
|Adjustments
to exclude investmentincome||||and non-cash items:-|||
|Investment
income|||||(111,234)|(197,634)|
|Depreciation|||||84,807|63,057|
|(Increase)
/ decrease
in|debtors||||67,486|(193,377)|
|Increase
/ (decrease)
in|creditors||||19,035|4,758|
|Increase
/ (decrease)
in|provisions||||478,485||
|Profit on sale oftangible|fixed assets|||||(600)|
||||||538,579|(323,796)|
|Total adjustments|||||||
|Note B|||||||
|Increase in cash at bank and in hand|||||||
|Cash at 1 January 2021|||||4,222,229|3,282,279|
|Increase
/ (Decrease)
in|cash (above)||||(334,439)|939,950|
|Cash at 31 December 2021|||||3,887,790|4,222,229|
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|Leasehold
land and buildings|Over the term of|Over the term of|the lease|
|---|---|---|---|
|Fixtures and fittings|33%on|reducing|balance|
|Motor vehicles|25% on|reducing|balance|
|Office equipment|33%on|reducing|balance|
|Website|straight|line over|3years|
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|2021|||FARA|FARA|Total|
|---|---|---|---|---|---|
||||Foundation|Enterprises|2021|
|Retail income (shops'||sales)|2,201,254|5,892,820|8,094,074|
|Retail expenditure|(shops' costs)||(1,855,123)|(5,999,667)|(7,854,790)|
|Support costs|||3,627|9,710|13,337|
|Net funds generated||from retail activities|342,504|(116,557)|225,947|
|020||||||
||||FARA|FARA|Total|
||||Foundation|Enterprises|2020|
||||E|||
|Retail income (shops'||sales)|1,914,798|3,387,987|5,302,785|
|Retail expenditure|(shops' costs)||1,705,152|5,128,335|6,833,487|
|Net funds generated||from retail activities|209,646|(1,740,348)|(1,530,702)|
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|||||Direct||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||programme||Grant|||||||
|||||running|funding|||||||
|||||costs|programme||Support|Total||Total||
|||||2021|2021||costs 2021|2021||2020f||
||Expenses
incurred
in Romania|||||||||||
||Head office operations|&||||||||167,550||
||fundraising|||||||||||
||Therapy and rehabilitation|||||||||190,095||
||Family for those without|||||||||62,|124|
||Adults
with learning|||||||||86,083||
||disabilities|||||||||||
||Youth Services|||||||||101,438||
||Tackling
Poverty Through|||||||||70,463||
||Education|||||||||||
||Grants payable|||||||||||
||Child, youth and social||||1,734,234||271,331|2,005,565||||
||care|||||||||||
||Total Expenditure
on|||||||||||
||Charitable
Activities||||1,734,234||271,331|2,005,565||677,753||
|7.|ANALYSIS OF SUPPORT COSTS|||||||||||
||||||||Charity|Finance||||
||2021|||Total|Charity||staff and|charges|&|||
|||||support|admin|and|consult-|govern-||Miscell-||
|||||costs|office||ancy|ance||aneous||
||Grants payable|||||||||||
||Child, youth and social|||271,331|57,907||177,823|15,867||19,734||
||care|||||||||||
||Raising Funds: Shops' costs|||13,337||||13,337||||
|||||284,668|57,907||177,823|29,204||19,734||
||2020|||||||Finance||||
||||||||Charity|charges||||
|||||Total|Charity||staff and|and||Miscell-||
|||||Support|admin|and|consult-|govern-||aneous||
|||||costs|office||ancyf|ance||||
||Expenses incurred|in||||||||||
||Romania|||||||||||
||Head office operations||&|35,626||5,554|13,285|16,072|||715|
||fundraising|||||||||||
||Therapy and|||40,398||6,303|15,075|18,209|||811|
||rehabilitation|||||||||||
||Family for those without|||13,096||2,022|4,937|5,871|||266|
||Adults
with learning
disabilities|||18,435||2,841|6,986|8,241|||367|
||Youth Services|||21,569||3,363|8,043|9,730|||433|
||Tackling
Poverty Through|||||||||||
||Education|||14,989||2,385|5,414|6,890|||300|
|||||144,113|22,468||53,740|65,013||2,892||
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|13.|CURRENT ASSET INVESTMENTS|||||
|---|---|---|---|---|---|
|||Group|Charity|Group|Charity|
|||2021f|2021f|2020f|2020f|
|Deposit|accounts|923,552|923,552|923,552|923,552|
|||923,552|923,552|923,552|923,552|
|14.|CREDITORS|||||
|||Group|Charity|Group|Charity|
|||2021f|2021f|2020f|2020f|
|Amounts
falling due within one year:-||||||
|Trade creditors||138,768||166,350||
|Taxation|and social security|||6,338||
|Other creditors
and accruals||224,012|249,031|191,637|13,296|
|Deferred|income|20,580||||
|||383,360|249,031|364,325|13,296|
|15.|PROVISIONS|||||
|||Group|Charity|Group|Charity|
|||2021f|2021f|2020f|2020f|
|As at1|January2021|||||
|Arising
in the year||||||
|Utilised|in the year|478,485|57,195|||
|||478,485|57,195|||
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||FARA|FARA|||
|---|---|---|---|---|
||Properties|Enterprises|Total|Total|
|Subsidiary assets and liabilities|Limited|Limited
K|2021f|2020|
|Tangible fixed assets|270,000|203,533|473,533|578,051|
|Stock|||||
|Debtors||558,298|558,298|412,442|
|Cash at bank and
in hand|66,452|31,418|97,870|48,781|
|Creditors:-|||||
|Amounts
falling due within one year|(87,576)|(357,448)|(445,024)|(705,887)|
|Amounts
falling due after one year|(479,198)||(479,198)|(479,198)|
|Provisions
for liabilities||(421,290)|(421,290)||
|Net assets|(230,322)|14,511|(215,811)|(145,811)|
|Capital and reserves|||||
|Called up share capital|2|5,000|5,002|5,002|
|Other reserves|(229,680)||(229,680)|(159,680)|
|Retained
earnings|(644)|9,511|8,867|8,867|
|Net assets|(230,322)|14,511|(215,811)|(145,811)|
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|||||FARA|FARA|||
|---|---|---|---|---|---|---|---|
|||||Properties|Enterprises|Total|Total|
|||||Limited|Limited|2021|2020|
|Subsidiary
trading results||||||||
|Turnover||||32,500|7,297,568|7,330,068|4,779,688|
|Other income||||1,500|1,774,339|1,775,839|2,436,681|
|Total incoming|resources|||34,000|9,071,907|9,105,907|7,216,369|
|Costs ofsales|||||(5,618,897)|(5,618,897)|(5,260,055)|
|Administration|and overheads|||(26,917)|(2,235,005)|(2,261,922)|(1,647,749)|
|Unrealised
revaluation
of investment|||property|(70,000)||(70,000)||
|Net incoming
resources
Donation to FARA Foundation||||(62,917)
~7,083|1,218,005
~1,218,005|1,155,088|308,565|
|Net movement|in shareholders'|funds||70,000||70,000||
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