##
|Trustees|||RA Fitzalan Howard esq.||
|---|---|---|---|---|
||||Baron A Gvon Boeselager||
||||Count M LW F K Henckel von|Donnersmarck|
||||Mrs LS-CSimpson||
||||Prince D L G J M de La Rochefoucauld-Montbel||
|Charity number|||1148427||
|Company|number||08107614||
|Registered||oNce|30Upper
High Street||
||||Thame||
||||Oxfordshire||
||||OX9 3EZ||
|Auditor|||Richardsons||
||||30Upper High Street||
||||Thame||
||||Oxfordshire||
||||OX9 3EZ||
|Bankers|||C.Hoare &Co.||
||||37Fleet Street||
||||London||
||||EC4P 4DQ||
|Solicitors|||Bates Wells||
||||10Queen Street Place||
||||London||
||||EC4R 1BE||
|Investment||advisors|Cazenove Capital Management|Ltd.|
||||1London Wall Place||
||||London||
||||EC2Y SAU||
||Page|
|---|---|
|Trustees' report||
|Statement oftrustees' responsibilities||
|Independent
auditor's report|7 —9|
|Statement offinancial activities|10|
|Balance sheet||
|Statement ofcash flows|12|
|Notes tothe financial statements|13-23|
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|||
||||||2021|2021|2021|2021|2020|
|||||Notes|$|$|$|$|$|
|n
n||wmn|frm:|||||||
|Donations and|legacies||||617,786|2,554,838||3,172,624|3,235,658|
|Investments|||||17,981|||17,981|22,352|
|Other income|||||33,971|||33,971|47,837|
|Total income|||||669,738|2,554,838||3,224,576|3,305,847|
|Raising funds|||||116,563|||116,563|151,046|
|Charitable
activities|||||583,325|2,682,488||3,265,813|3,200,429|
|Total resources||expended|||699,888|2,682,488||3,382,376|3,351,475|
|Net gains/(Iossesj
on investments||||12|35,359|||35,359|255,923|
|Net incoming/(outgoing)|||resources|||||||
|before transfers|||||5,209|(127,650)||(122,441)|210,295|
|Gross transfers|between funds||||115,008||(115,008)|||
|Net movement||in funds|||120,217|(127,650)|(115,008)|(122,441)|210,295|
|Fund balances|at 1January||2021||1,566,872|596,682|1,473,888|3,637,442|3,427,147|
|Fund balances|at31December 2021|||||||||
||||||1,687,089|469,032|1,358,880|3,515,001|3,637,442|
##
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||13||3,467||3,005|
|Investments|||14||1,859,424||1,780,582|
||||||1,862,891||1,783,587|
|Current assets||||||||
|Debtors|||16|48,943||121,051||
|Cash at bank|and in|hand||2,930,795||3,395,983||
|||||2,979,738||3,517,034||
|Creditors: amounts||falling due within|17|||||
|one year||||(1,327,628)||(1,663,179)||
|Net current assets|||||1,652,110||1.,853,855|
|Total assets|less current liabilities||||3,515,001||3,637,442|
|Capital funds||||||||
|Endowment|funds -|general|||1,358,880||1,473,888|
|Income funds||||||||
|Restricted funds|||18||469,032||596,682|
|Unrestricted|funds||||1,687,089||1,566,872|
||||||3,515,001||3,637,442|
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|$||$||
|Cash flows from operating activities||||||||
|Cash (absorbed by)/generated
from|||21|||||
|operations|||||(463,847)||194,247|
|Investing activities||||||||
|Purchase oftangible fixed|assets|||(2,304)||(916)||
|Interest received||||963||7,586||
|Net cash (used in)/generated
from||||||||
|investing activities|||||(1,341)||6,670|
|Net cash used in financing activities||||||||
|Net (decrease)/increase|in cash and|cash||||||
|equivalents|||||(465,188)||200,917|
|Cash and cash equivalents|at beginning|ofyear|||3,395,983||3,195,066|
|Cash and cash equivalents|at end ofyear||||2,930,795||3,395,983|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|||
|||2021|2021|2021|2020|
|||$|$|$|$|
|Donations|and gifts|617,786|2,554,838|3,172,624|3,235,658|
|Forthe year ended 31December 2020||764,325|2,471,333||3,235,658|
|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2021|2020|
|||$|$|
|Investment|income|17,018|14,766|
|Interest receivable||963|7,586|
|||17,981|22,352|
|||||Unrestricted|Total .|
|---|---|---|---|---|---|
|||||funds||
|||||2021|2020|
|||||$|$|
||Amounts|recharged|to other entities|33,971|47,837|
|6|Raising|funds||||
|||||Unrestricted|Total|
|||||funds||
|||||2021|2020|
|||||$|$|
||||I'ci|||
||Support|costs||101,205|138,272|
|||||15,358|12,774|
|||||116,563|151,046|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||$|$|
||Grant funding ofactivities||(see note 8)|2,821,080|2,866,323|
||Share ofsupport costs (see note 9)|||272,215|221,217|
||Share ofgovernance|costs|(see note 9j|172,519|112,889|
|||||3,265,813|3,200,429|
||Analysis by fund|||||
||Unrestricted
funds|||583,325|415,096|
||Restricted funds|||2,682,488|2,785,333|
|||||3,265,81.3|3,200,429|
||Forthe year ended|31December 2020||||
||Unrestricted
funds|||415,096||
||Restricted funds|||2,785,333||
|||||3,200,429||
|8|Grants payable|||||
|||||2021|2020|
|||||$|$|
||Grants to institutions:|||||
||Lebanese Association|||141,400|130,000|
||Romanian
Relief Service|||257,479|243,722|
||Italian Association|||39,363|110,412|
||Albanian
Relief Service|||242,578|218,950|
||Brazilian Association|||112,693|77,365|
||Colombian Association|||42,558|75,000|
||Lithuanian
Relief Service|||159,779||
||BASMOM/ The Nehemiah||I*roject|91,107|144,1.22|
||French Association|||1,031,390|1,207,946|
||Cuban Association||||140,000|
||Mexican Association|||120,388|132,813|
||Slovakian Relief Service|||142,375||
||Polish Association|||83,554||
||Portuguese
Association|||84,008||
||Other|||272,408|485,993|
|||||2,821,080|2,866,323|
##
|Support costs||||||
|---|---|---|---|---|---|
||Support|Governance|2021|2020|Basis ofallocation|
||costs|costs||||
||$|$||||
|Staffcosts|240,254|96,992|337,246|231,070||
|Depreciation|1,842||1,842|1,339||
|Exchange Losses|2,022||2,022|12,732||
|Communications|1,041|421|1,462|2,346||
|Travel|10,980|4,433|15,413|6,666||
|Sundry expenses|4,308|1,739|6,047|3,392||
|Office costs|89,313|36,057|125,370|126,760||
|Bad debts||||(263)||
|US recharge|23,660|9,552|33,212|44,585||
|Audit fees||9,914|9,914|10,368|Governance|
|Accountancy||2,751|2,751|2,730|Governance|
|Legal and professional||10,660|10,660|30,653|Governance|
||373,420|172,519|545,939|472,378||
|Analysed between||||||
|Fundraising|101,205||101,205|138,272||
|Charitable
activities|272,215|172,519|444,734|334,106||
||373,420|172,519|545,939|472,378||
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|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Employment|costs|2021|2020|
|||$|$|
|Wages and salaries||300,010|204,342|
|Social security|costs|29,780|21.,096|
|Other pension|costs|7,456|5,632|
|||337,246|231,070|
##
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|12|Net gains/(losses)
on investments|||
|---|---|---|---|
|||2021|2020|
||Revaluation
ofinvestments|19,506|254,199|
||Gain/(loss)
on sale ofinvestments|15,853|1,724|
|||35,359|255,923|
|13|Tangible fixed assets|||
||||Computers|
||Cost|||
||At 1January 2021||18,787|
||Additions||2,304|
||Disposals||(12,501)|
||At 31December 2021||8,590|
||Depreciation
and impairment|||
||At 1January 2021||15,782|
||Depreciation
charged in the year||1,842|
||Eliminated
in respect ofdisposals||(12,501)|
||At 31December 2021||5,123|
||Carrying amount|||
||At 31December 2021||3,467|
||At 31December 2020||3,005|
|14|Fixed asset investments|||
||||Listed|
||||investments|
||Cost orvaluation|||
||At 1January 2021||1,780,582|
||Additions||317,086|
||Valuation
changes||(34,719)|
||Gain on foreign exchange||76,376|
||Net income||1,660|
||Disposals||(281,561)|
||At 31December 2021||1,859,424|
||Carrying amount|||
||At 31December 2021||1,859,424|
||At 31December 2020||1,780,582|
##
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|15|Financial instruments|||2021|2020|
|---|---|---|---|---|---|
|||||$|$|
||Carrying amount offinancial assets|||||
||Instruments
measured|at fair value through|profit orloss|1,859,424|1,780,582|
|16|Debtors|||||
|||||2021|2020|
||Amounts
falling due|within one year:||$|$|
||Other debtors|||41,445|114,986|
||Prepayments
and accrued income|||7,498|6,065|
|||||48,943|121,051|
|17|Cieditors: aniouiits taIIIng due wiilijn one year|||||
|||||2021|2020|
|||||$|$|
||Other taxation and social security|||11,212|7,223|
||Trade creditors|||2,807|371|
||Other creditors|||1,294,886|1,636,473|
||Accruals and deferred|income||18,723|19,112|
|||||1,327,628|1,663,179|
##
|||||2020 Movement
in funds|2020 Movement
in funds|2020 Movement
in funds||
|---|---|---|---|---|---|---|---|
||||Balance at|incoming|Resources|Adjustment|Balance at|
||||1january 2020|resources|expended||31December|
||||||||2020|
|Prison ministry|fund||594,177|17,475|(167,083)|(37,727)|406,842|
|Social and humanitarian|||242,425|1,338573|(1,565,857)||15,141|
|COVID fund||||135,000|(135,000)|||
|Elderly people|fund||81,370|450,000|(358,065)||173,305|
|Forgotten children||fund|(7,290)|467,333|(464,600)|4,557||
|Cuba||||1,394|||1,394|
|Other restricted|funds|||61,558|(61,336)|(222)||
||||910,682|2,471,333|(2,751,941)|(33,392)|596,682|
##
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##
||||||2021Movement
in funds|2021Movement
in funds|2021Movement
in funds||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming|Resources|Adjustment|Balance at|
|||||1January
ZOZ1|resources|expended||31December|
|||||||||2021|
|Prison ministry|fund|||406,842||(190,222)||216,620|
|Social and humanitarian||||15,141|1,374,126|(1,389,072)||195|
|Elderly people fund||||173,305|360,000|(410,512)||122,793|
|Forgotten children||fund|||559,088|(559,088)|||
|Cuba||||1,394||(1,394)|||
|Medicines for Lebanon|||||104,087|||104,087|
|Other restricted|funds||||116,671|(110,464)||6,207|
|Vision 2050|||||40,866|(21,736)||19,130|
|||||596,682|2,554,838|(2,682,488)||469,032|
|Analysis ofnet|assets||between funds||||||
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||2021|2021|2021|2021|2020|
|||||$|$|$|$|$|
|Fund balances at 31December|||||||||
|2021are represented|||by:||||||
|Tangible assets||||3,467|||3,467|3,005|
|Investments||||500,544||1,358,880|1,859,424|1,780,582|
|Current assets/(liabilities)||||1,183,078|469,032||1,652,110|1,853,855|
|||||1,687,089|469,032|1,358,880|3,515,001|3,637,442|
##
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##
##
|21|Cash generated
from operations|Cash generated
from operations|||2021|2020|
|---|---|---|---|---|---|---|
||||||$|$|
||(Deficit)/surplus
for the year||||(122,441)|210,295|
||Adjustments
for:||||||
||Investment
income recognised|in|statement|offinancial activities|(17,981)|(22,352)|
||Gain on disposal ofinvestments||||(15,853)|(1,724)|
||Fair value gains and losses on|investments|||(61,329)|(242,299)|
||Depreciation
and impairment|oftangible fixed assets|||1,842|1,340|
||Investment
manager fees||||15,358|12,774|
||Movements
in working capital:||||||
||Decrease in debtors||||72,108|135,210|
||(Decrease)/increase
in creditors||||(335,551)|101,003|
||Cash (absorbed by)/generated||from operations||(463,847)|194,247|