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2020-12-31-accounts

Page
Legal and Administrative Information 1 -2
Report ofthe Trustees 3 -9
independent
Auditors'		 Report 10 -12
Statement ofFinancial Activities 13
Summary
Income and Expenditure		 Account
Balance Sheet 15
Statement ofCash Flows 16
Notes tothe Financial Statements 17-27

REGISTERED ADDRESS AND PRINCIPAL OFFICE London South Bank University London South Bank University
Technopark
90 London Road
LONDON
SE16LN
REGISTERED COMPANY NUMBER 00641687
REGISTERED CHARITY NUMBER 207471
WEBSITE www. cara.ngo
PRESIDENT Professor Sir Malcolm Grant CBE
PATRONS
Mr Greg Dyke Professor Lord Patel of Bradford OBE
Rabbi Baroness Neuberger DBE Mr Jon Snow
Baroness O' Neill ofBengarve CH CBEFB Dr Rowan Williams
EXECUTIVE DIRECTOR Mr Stephen Wordsworth CMG LVO

*


*		 Prof Michael Worton CBE
Prof Alan McCarthy
Mr David Ure
Ms Nicola Dandridge
CBE		 (Chair)
(Hon Secretary)
(Hon Treasurer)
* Prof Penelope Gardner-Chloros
Prof Colin Grant
Mr Mark Hammond
* Prof Sir Deian Hopkln
Ms Lilia Jolibois
Mrs Anne Lonsdale CBE
DrJoanna Newman
MBE
Ms Tabitha Nice
*
*		 Mr Nigel Petrie
Mr Stephan
Roman CMG
Prof Paul Weindling

Cocke, Vellacott Ik Hill
Chartered
Accountants
Unit 3Dock Offices
Surrey Quays Road
LONDON
SE162XU

Unrestricted Unrestricted Funds Restricted Total Total
Notes General Designated Funds
E		 2020
E		 2019
f
Income from:
Voluntary
income
Donations and legacies 2 440,906 2,2218,547 2,659,453 2,239,708
Activities for Generating Funds
Investment
Income		 8 6,396 6,396 6,591
Total income 447,302 2,218,547 2,665W9 2,246,299
Expenditure
on:
Raising funds 3 4,585 4885 3,159
Charitable
activities
Grants payable 4 54,133 1,795,430 1,849,563 1.,913,537
Programme
and project work		 5 429,132 83,500 512,632 523,673
Governance 6 14,161 14,161 18,174
Total expenditure 502,011 1,878,930 2,380,941 2,458,543
Net gains/(losses)
on investments		 10 (590) 12,441 11451 34,368
Net income/(expenditure) (55,299) 12,441 339,617 296,759 (177,876)
Other recognised gains / (lames)
Other gains / (losses)
Net movement
in funds		 (55,299) 12,441 339,617 296,759 (177,876)
Reconciliation ofFunds
Total funds brought forward 15 343,693 25,519 413,596 782,808 960,684
Total funds carried forward 15 288,394 37,960 753,213 1,079,567 782,SOS

Fixed assets Notes 2020
E		 2019f
Tangible assets 9 569 1,885
Investments 10 343/62 328,253
Total fixed assets 344,031 330,138
Current assets
Debtors 109,399 75,966
Cash at bank and in hand 1,486,746 1,728,306
Total current assets 1,596,145 1,804,272
Liabilities
Creditors: Amounts falling due
within one year 12 (860,609) (1,357.,602)
Net current assets (liabilities) 735,536 452,670
Total assets less current liabilities 1,079,567 782,808
The funds ofthe charity:
Restricted Income Funds 15 753,213 413,596
Unrestricted
Funds		 —general 15 288,394 343,693
Unrestricted
Funds		 —revaluation reserve 15 37,960 25,519
Total charity funds 15 1,079,567 782,808
2020 2019
Notes E
Cash flows from operating
activities
Net movement
in funds		 296,759 (177,876)
Add back depreciation
charge		 9 1494 3,154
Net losses (gains) on investments 10 (11,851) (34,368)
Decrease (increase) in debtors 11 (33,433) 145,071
Increase (decrease) in creditors 12 (490,993) 436,264
Net cash generated
from operating activities		 (237,624) 372,245
Cash flows from investing activities
Purchase oftangible fixed assets 9 (578) (200)
Purchases ofinvestments 10 (50,358) (28,020)
Decrease/(increase)
in cash held at Investec		 10 (2,373) 5,371
Proceeds from sales ofinvestments 10 49,373 19,000
Net cash provided
by (used in) investing		 activities (3,936) (3,849)
Increase (decrease) in cash (241,660) 36S,396

Raising funds 2020 2019
Unrestricted
f		 Restricted
f		 Totalf Totalf
Online giving expenses 1,547 1,547 216
Investment
management		 costs 3,038 3,038 2,943
4,585 3,159

The allocation ofgrants a nd progra mme-related expendi ture
during the ye		 ar was asfollows :
2020 2019
2020
Fellows		 2019
Fellows		 Unrestricted
f		 Restricted
f		 Total
f		 Totalf
Fellowship
Programme		 194 233 54,133 1,307,314 1,361,447 1,302,158
Syria Programme 488,116 488,116 611,379
54,133 1,795,430 1,849,563 1,913,537
Charitable activities- Programme and project work
2020 2019
Support costs:— Unresb icted
f		 Resb icted
f		 Total
f		 Total
f
Core costs
Salaries (notes 1(b)(ii)and 7) 72,746 72,746 83,827
Pension costs
Legal fees 9,628 9,628 11,510
Accountants'
fees		 35,031 35,031 35,266
Campaign
and awareness		 raising 17,378 (47) 17,331 36,072
Office and general expenses 20,915 500 21,415 14,832
Operating
lease payments
Depreciation
(note 9)		 (note13) 24,600
1,894		 24,600
1~		 24,550
3,154
182,192 453 182,645 209,210
Fellowshi
and S ria Pro		 rammes
Salaries (notes 1(b)(ii) and 7) 230,475 77,637 308,112 291,585
Pension costs (note 7) 15,816 5,031 20,847 19,920
Office and general expenses 149 279 428 2,408
Operating
lease payments		 (note13) 500 100 600 550
246,940 83,047 329,987 314,463
Total programme
and project work		 429,132 83,500 512,632 523,673

Charitable activities —Governance
2020 2019
Unrestricted Restricted Total Total
E E E E
Salaries (notes 1(b)(ii)and 7) 6,385 6,385 6,260
Council meetings
and company expenses		 370 370 4,340
'Directors' and Officers' Liability' insurance 306 306 674
Legal fees
Auditors' remuneration:
Audit fees 5,600 5,600 5,400
Accountancy fees 1,500 1,500 1,500
Total governance
costs		 14,161 14161 18174

Investment income 2020 2019
Income from UK listed investments: E E
Fixed interest securities 2,859 2,158
Equities 3,537 4,433
Interest from funds on deposit
6,396 6,591

9. Tangible fixed assets Furniture
f		 Equipment
F.		 Totalf
Cost
Balance at 1stJanuary 2020 11,548 41,195 52,743
Additions 578 578
Disposals
Balance at 31stDecember 2020 11,548 41,773 53,321
Accumulated
de reciation
Balance at 1stJanuary 2020 11,401 39,457 502)58
Charge for the year 96 1,798 1,894
Balance at31stDecember 2020 11,497 41,255 52,752
Net book value at 31stDecember 2020 51 518 569
Net book value at31stDecember 2019 147 1,738 1,885
10. Fixed assets 2020 2029
Investments
Fixed interest secudties and equities:-
Balance at 1stJanuary 318,068 274,680
Additions at cost 50,358 28,020
Disposal proceeds (49,373) (19,000)
Realised gain / (loss) (590) (1,057)
Unrealised
gain / (loss)		 12,441 35,425
Balance at 31st December 330,904 318,06S
Cash held as part ofinvestment portfolio:-
Investec deposit account 12,558 10,185
343/62 328,253
2020 2019
Market Market
Investments listed on UK Stock Exchange Value
f		 Cost
f		 Va/uef Costf
Fixed interest securities 125,015 124,486 222,994 226,282
Equities 205,889 168,458 206,075 276,26S
330,904 292,944 318,069 292,550

14. Unrealised
gains		 Unrestricted Total
Funds Funds
Total unrealised
gains at 31stDecember 2020		 E E
On investment
assets (see note below)		 37,960 37,960
Reconciliation ofmovements in unrealised gains on investment assets
Unrealised
losses at 1stJanuary 2020		 25,519 (9,906)
Deduct in respect ofdisposals in the year 590 1,057
26,109 (8,849)
Add: net gains arising on revaluation
in the year		 (note 10) 11,851 34,368
Unrealised
gains arising on		 revaluation 37,960 25,519
15. Total charity funds Balance at Incoming Transl'ers Resources Balance at
1stJanuary Resources between Expended 31stDecember
2020 and Gains Funds and Losses 2020
Unrestricted
funds		 E E E F. E
General reserve 343,693 446,712 (502,011) 288,394
Designated
reserves:
Revaluation
reserve		 25,519 12,441 37,960
369,212 459,153 (502,011) 326,354
Restricted funds
Fellowship
programme		 131,960 1,261,058 187,272 (1,308,146) 272,144
Syria Programme 281,636 957,489 (187,272) (570,784) 481,069
413,596 2,218,547 (1,878,930) 753813
Total chadty funds 782,808 2,677,700 (2,380,941) 1,079,567
Represented
by:		 Restricted Designated General
Funds Funds Reserve
E E E
Tangible assets 569
Investments 37,960 305,501
Net current assets (liabilities) 753,213 (17,676)
753,213 37,960 288,394

1.
Statement ofFinancial Activities		 1.
Statement ofFinancial Activities
Unrestricted Funds Restrkted Total
General Designated
E		 Funds
E		 2019
f
Income from:
Voluntary
income
Donations
and legacies		 524,171 1,715,537 2,239,708
Activities for Generating Funds
Investment
Income		 6,591 6491
Total income 530,762 1,715,537 2,246,299
Expenditure on:
Raising funds 3,159 3,159
Charitable
activities
Grants payable 11,833 1,901,704 1,913,537
Programme
and project work		 416,835 106,838 523,673
Governance 18,174 18,174
Total expenditure 450,001 2,008,542 2,458,543
Net gains/(losses)
on investments		 (1,057) 35,425 34,368
Net income/(expenditure) 79,704 35,425 (293,005) (177,876)
Other recognised gains / (losses)
Other gains / (losses)
Net movement
in funds		 79,704 35,425 (293,005) (177,876)
Reconciliation ofFunds
Total funds brought forward 263,989 (9,906) 706,601 960,684
Total funds carried forward 343,693 25,519 413,596 782,808

The allocat ion of grants a nd programme- related
expenditur		 e
during the ye		 ar was asfollow s:
2019
Unrestricted Restricted Total
E E E
Fellowship
Programme		 11,833 1,290,325 1,302,158
Syria Programme 611,379 611,379
11,833 1,901,704 1,913,537
5.
Charitable		 activities —Programme and project work
2019
Support costs:- Unrestricted Restricted Total
E E E
Core costs
Salaries 83,827 83,827
Pension costs
Legalfees 11,510 11+1D
Accountants'fees 35,266 35,266
Campaign and awareness raising 21,389 14,683 36,072
Office and general expenses 13,991 861 14,832
Operating lease payments 24,550 24,550
Depreciation 3,154 3,154
193,666 15,544 209,210
Fellowshi andS ria Pro rammes
Salaries 206,666 84,919 291,585
Pension costs 14,999 4,921 19,920
Office and general expenses 954 1,454 2,408
Operating lease payments 550 550
223,169 91,294 314,463
Total programme and project work 416,835 106,838 523,673

6.
Charitable
activities —Governance
2019
Unrestricted Restricted Total
E
Salaries (notes 1(b)(ii)and 7) 6,260 6,260
Council meetings
and company expenses		 4,340 4,340
'Directors' and Officers' Liability' insurance 674 674
Legal fees
Auditors'
remuneration:
Audit fees 5,400 5,400
Accountancy fees 1,500 1,500
Total governance
costs		 18,174 18,174