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