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2020-12-31-accounts

DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Annual report and Financial statements

For the year ended 31 December 2020

Charity Number: 298375 (England and Wales)

DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Annual Report and

Financial Statements

For the Year Ended 31 December 2020

CONTENTS PAGE
Reference and Administrative details 1
Trustees’ Annual Report 2-8
Independent Examiners Report 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of cash flows 12
Notes to the financial statements 13-20

DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Reference and Administrative Details

Chairman Bassem Ziade Trustees Edward Asseily Youssef Khlat Dalia Salaam Rishani Ghias El Yafi Bassem Ziade Governors George Asseily Alexandra Asseily Edward Asseily Leila Bouheiry Mouhammed Choukeir Youssef Khlat Dalia Salaam Rishini Ghias El Yafi Vida Hamd Gilbert Doumit James Watt Bassem Ziade

Dr Maha Shuayb, Director Rachel Saliba, Director of Operations Dr Cathrine Brun, Deputy Director for Research

Senior Management Team Principal Office Faculty of Education 184 Hills Road Cambridge CB2 8PQ

Charity Registration Number 298375 Independent Examiner M Hewett ACA DChA Peters Elworthy & Moore Salisbury House Station Road Cambridge CB1 2LA

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Trustees’ Annual Report For the Year Ended 31 December 2020

The Trustees present their report together with the audited financial statements of Centre for Lebanese Studies (the charity) for the year ended 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity and the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (second edition of the Charities SORP (FRS102) October 2019).

Objectives and activities

Objects and aims

The Centre for Lebanese Studies is an independent academic research institution, which: First, seeks to promote international understanding of Lebanon and the issues facing it, by undertaking high quality independent research and encouraging discussion and learning through lectures, conferences, workshops, and publications. Second, the Centre seeks to inform policymakers in Lebanon and make recommendations based on research findings in connection with issues facing the country.

Grant-raising

The Centre’s main income is from grants received from various funding organisations such as charities, academic institutions, think-tanks, and national and international development agencies.

The Director of the Centre pinpoints funding opportunities and works with a potential grantee to explore and develop a funding proposal. The trustees are informed of such proposals as well as new grants on a quarterly basis.

Based on the Centre’s strategy that is formulated with the trustees, the CLS currently focuses on four major themes: education, refugees, social movements, and disability. Proposals for grants are aligned to these themes and include activities such as research, publications, seminars, policy briefs, among others.

Achievements and performance

The Centre for Lebanese Studies continued its work in the fields of education, refugees, and disability in spite of the challenges and difficulties that occurred in Lebanon during the whole course of 2020.

The Open Society Foundations funded project on qualitative ethnographic research with teachers and students from selected public and private formal schools as well as informal schools and education spaces run by (I)NGOs in Lebanon, has continued. It uses a collaborative process to develop teachers’ support MOOC courses for distance learning. The project examines various teaching and learning models provided by the government, private institutions, and (I)NGOs during the COVID 19 pandemic. It also explores opportunities and challenges of distance education amid COVID-19. The project also develops teacher trainings, resources, and communitybased solutions and initiatives.

A similar study was conducted with a local partner that was directed towards understanding factors that affect Syrian students’ performance in grade 9 official examination (the Brevet) and investigate barriers and challenges students sitting for the Brevet examination face.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Open Society Foundations also funded a project which is part of a longer-term initiative entitled “Integrity and Accountability in the Lebanese Educational System” that the Centre for Lebanese Studies launched this year. The aim of this initiative is to bring together the research expertise of the Centre with a coalition of key actors in this field to work together and push for a transparent and effective reform of the educational sector in Lebanon. In addition to research and lobbying, the initiative includes an advocacy tool which will help disseminate the research findings to the wider public, to raise awareness and improve accountability.

The Centre also launched a project funded by Catalyst Foundation for Universal Education that aims to pilot a 15-month program with the goal of enhancing its bilingual educational Digital Toolkit (Arabic-English) platform. The platform includes teacher-training along with student learning material. With COVID-19 and civil unrest, digital and remote learning and teaching capabilities are key to ensuring learners do not fall behind and teachers can maintain their livelihoods. Finally, support of this pilot project will ensure sustainability of this and similar projects. The training of teachers and administrators at partner schools in the UAE and Jordan will benefit other teachers in these schools through knowledge sharing and improvements to best practices in digital learning.

The project funded by Global Partnership to End Violence against Children and led by Alert international that aims to develop new approaches for integrated non-formal education and child protection services that address violence against children continues. The project’s outcome is knowledge production and increased capacity of schools and learning centres to reduce violence against children in areas with high concentration of refugees.

The Centre is proceeding with the third wave of data collection for a comparative and longitudinal study in Lebanon, Turkey and Australia, to examine the impact of settlement and education provisions in different settings on the education progression of refugee children over a five-year period, funded by the Spencer Foundation. Additionally, the Turkey report of this project was published.

The Centre brought the plight of refugee and underprivileged populations to the forefront of academic research again, in the hope of understanding and producing more informed strategies for addressing the crisis. The previously launched project entitled “From Education to Employment, youth trajectories in Jordan and Lebanon in the context of protracted displacement” continues. The program was awarded a grant by the International Development Research Centre (IDRC) in Canada and the Economic and Social Research Council (ESRC), and is implemented in partnership with the Centre for Development and Emergency Practice (CENDEP) at Oxford Brookes University in the UK, as well as two local Lebanese non-governmental organizations: Al Jana and Lil Madina. Data collection and analysis were conducted in 2020 with the plan to publish and disseminate the results.

CLS in partnership with a consortium of eight universities and research centres in Europe and Canada have been awarded Horizon 2020 grant to examine how protection seekers experience their vulnerabilities and how these experiences are continuously shaped and produced in interaction with the legal and policy frameworks and implementation practices of the relevant decision-makers. A three-year comparative research project continues as it investigates the implementation of the concept of the vulnerability of protection seekers in Lebanon. Including a legal and empirical study, the project documents, evaluates and reflects on how vulnerabilities of protection seekers are being assessed and addressed in Lebanon’s protection regime. A first-year report was submitted to the funding organization and data collection will begin in the following year.

On the theme of disability, several consultations were conducted with experts, academics, and activists in disability in order to prepare the strategy for the upcoming year as well as the medium- and long-term plans for the Disability Hub. Workshops in collaboration with INGOs such as UNESCWA and ICRC were also conducted. Furthermore, various campaigns were also conducted in order to advocate for persons with disabilities’ rights.

Also, within the research theme of disability, the project funded by the U.S. embassy in Lebanon continues. The project aims at empowering women with disabilities. This project sets to create a rights-based blended learning

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

program composed of a four-week MOOC (Massive Open Online Course) offered in Lebanese spoken language with English and Arabic subtitles, coupled with online peer-support, networking and advocacy training as well as individual and group coaching, directed towards young (18-35 years) Women with Disabilities (WwDs) in Lebanon and the MENA region. The purpose of the project is to empower WwDs to become social change makers by creating better lives for themselves and engaging in civic action. Through consultations with experts and activists in Lebanon and various countries within the Arab region, the topics for the MOOCs were selected.

Following the Port of Beirut explosion, a small grant was awarded by the Arts and Humanities Research Council (AHRC) that aims at mapping the current initiatives taking place in Lebanon and assess their level of inclusivity. A report as well as a dissemination plan were conducted.

Finally, the Centre launched various opportunities for bursaries for scholars and research fellows in Lebanon to be selected in 2021.

Financial Review

Result for the year

The Centre made a surplus for the year of £116,303 in line with expectations. The Centre continues to grow and is financially stable as reflected in the balance sheet, with an accumulated surplus available in cash, which allows current financial obligations and committed projects to be completed as planned.

Significant events that have affected the financial performance and financial position of the charity during the reporting period:

Three main events affected CLS from a financial perspective:

Reserves

The Centre manages its cashflows very closely. A 12-months forward looking forecast is conducted and revised on a quarterly basis, and a detailed budget review is conducted once every year. With that, we ensure that all commitments to grantees, contractors, and employees are within a good level of confidence.

At the year end the Centre had total, and unrestricted, reserves of £260,757. While the Centre does not currently have a specific reserve requirement, the reserves policy is currently under review.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

2) Principal risks and uncertainties

The main risks facing the charity are:

Structure, governance, and management

The Centre is a registered charity, number 298375 governed by a trust deed dated 22nd December 1987.

It is governed by the trustees through regular meetings.

Trustees must be appointed by a majority vote of the governors, from the existing pool of governors. At every annual general meeting, existing trustees may either be reappointed or retire. Furthermore, the Board of Trustees elect from their number a Chairman and a Treasurer.

Once appointed, new trustees are inducted and receive a set of the trust’s governance documents as well as guidance on the role of the trustee:

Relation between charity and related parties

The CLS operates in Lebanon through a local NGO called “Education Development Centre in Lebanon” (EDC). EDC was established in 2019 to enable the CLS to operate legally and to hire local research and administrative staff in Lebanon. EDC and CLS operate as one organization and have a shared governance structure and policies as well as an integrated management, research and operational team.

Organisational structure

The Centre is managed by the Director, Dr. Maha Shuayb. She has two direct reports, 1) Director of Operations, Rachel Saliba, who is responsible for managing all operational activities of the Centre in all its locations, and 2) Deputy Director for Research, Dr. Cathrine Brun, who oversees all the research activities within the Centre. Dr. Shuayb reports directly to the Chairman, acting on behalf of the Trustees and Board of Governors.

Each project is managed by a project manager/Senior researcher who reports to the Director of Operations for administrative, financial, and communication matters and to the Director of Research for research and academic matters. He/she leads their respective team of junior researchers, research consultants, and research assistants.

The core operational team consists of 3 main departments: Finance, Administrative, and Communication. The Finance department consists of a part-time Finance Manager who oversees the work of the full-time Finance

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Officer. A Project Coordinator leads on the administrative and logistical tasks. The Media and Communications Manager is assisted by a Communications Coordinator and a part-time Graphic designer.

Most of the researchers are contractors recruited for the term of the relevant project. The majority of the staff of CLS and all the researchers hired to work on the ground in Lebanon are employed or contracted by EDC, which is an affiliate of CLS registered in Lebanon, for local legal, tax, and regulatory reasons.

Decision making

Trustees have independent control over, and legal responsibility for, a charity’s management and administration. Under UK law, they have a duty to

The Chairman of the Trustees of CLS and EDC is responsible for ensuring the proper operation of the Board of Trustees, including:

He/she is a bank signatory. He/she will maintain direct personal contact with the Director and serve as her/his line manager.

The Treasurer (who is also a Trustee) is responsible for reporting to the Board on financial matters. He/she is also a bank signatory.

He/she is responsible at Board level for leading on:

The Secretary (who is also a Trustee) is responsible at Board level for matters concerning staff employment, welfare and discipline. He/she may also be a bank signatory.

Other Trustees may also be appointed, one of whom could serve as Vice-Chairman .

Collectively, the Trustees are responsible for Board decisions.

The Trustees will normally meet with the Director taking part in the meeting, but on occasions will meet on their own.

Decisions reserved for approval by the Board of Trustees:

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

The Role of the Director of CLS and EDC

Subject to the decisions reserved by the Board of Trustees, the Director has full executive and operational responsibility for the charities, in both management and academic terms, reporting to the Board and seeking advance approval of major changes of activity, policy or structure. He/She is supported by a Director of Operations and Deputy Directors of Research.

Meetings

The board of governors meet twice a year

The board of trustees meet four times a year with the director where a quarterly forecast and update on progress and plans is shared.

Two year strategy

A two strategy is developed by CLS team, in consultation with the Research Committee and Board of Trustees.

Arrangements for setting the pay and remuneration of the charity’s key management personnel and any benchmarks in setting pay

A salary scale is in place, which is reviewed from time to time, and used to guide the pay of all staff at CLS. Salaries and contractor rates are benchmarked to those of academic researchers, universities and thinktanks by taking into account the position (level of seniority), years of experience, location, and educational level of employees. We also take into account length of contract, and whether it is a full time or short term contract. The Centre aims to attract among the best academic researchers in their field, and this is reflected within its competitive compensation.

Plans for future period

The Director of the Centre, Dr. Maha Shuayb moved to the UK in April 2021. This decision will re-establish a base in Cambridge as well as to provide greater connectivity with academic institutions in the region. The Centre’s focus and strategy remains unchanged and focuses on the themes of disability, social movements, education and refugees.

Finally, we will continue to review closely the revolving situation in Lebanon and the wider region and respond accordingly both in terms of research and operations.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Statement of Trustees' Responsibilities

_______________

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the

United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Additionally, trustees acknowledge their responsibility to identify, assess, and manage risks. The major risks related to the Centre that include the current uncertain and unstable financial situation in Lebanon has been reviewed and assessed and the necessary internal processes have been set up to manage those risks.

The annual report was approved by the trustees of the charity and signed on its behalf by:

Bassem Ziade Chairman and Trustee

Date: 11 December 2021 | 12:22 GMT

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Independent Examiner’s Report For the Year Ended 31 December 2020

Independent Examiner's Report to the Trustees of Centre for Lebanese Studies ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Accountants, which is one of the listed bodies.

I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect;

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 13 December 2021 | 16:37 GMT

M Hewett ACA DChA Peters Elworthy and Moore

Chartered Accountants Salisbury House Station Road Cambridge CB1 2LA

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Statement of Financial Activities For the Year Ended 31 December 2020

Restricted
funds		 Unrestricted
funds		 Total Total
2020 2020 2020 2019
£ £ £ £
Notes
Income from:
Donations and
legacies		 2 - 9,634 9,634 15,850
Charitable activities 3 - 791,310 791,310 664,700
Investment income 4 - 299 299 3,302
Total income - 801,243 801,243 683,852
Expenditure on:
Charitable activities 5 - (684,939) (684,939) (539,940)
Total expenditure - (684,939) (684,939) (539,940)
Net income /
(expenditure)		 - 116,304 116,304 143,912
Net movement in
funds		 13 - 116,304 116,304 143,912
Reconciliation of
funds:
Total funds brought
forwards		 13 - 144,453 144,453 541
Total funds carried
forward		 13 - 260,757 260,757 144,453

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 13 to 20 form part of these financial statements.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Registration number 298375 Balance Sheet As at 31 December 2020

Notes
FIXED ASSETS
Tangible fixed assets
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS:Amounts falling
due within one year
12
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds
13
TOTAL FUNDS		 £
8,906
308,338
317,244
(63,857)		 2020
£
7,370
7,370
253,387
260,757
260,757
260,757		 £
-

133,206
133,206
(3,492)		 2019
£
14,739
14,739
129,714
144,453
144,453
144,453

These financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

………………………………..

Bassem Ziade

Chairman and Trustee

11 December 2021 | 12:22 GMT Date:

The notes on pages 13 to 20 form part of these financial statements

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Statement of Cash Flows For the Year Ended 31 December 2020

CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments
Purchase of tangible fixed assets
NET CASH USED IN INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
NET CASH PROVIDED BY FINANCING ACTIVITIES
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
The notes on pages 13 to 20 form part of these financial statements		 2020
£
174,833
 2019
£

149,822

3,302

(22,109)

(18,807)

-

131,015

2,191
133,206
299
-
299
-
175,132
133,206
308,338

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Notes to the accounts For the Year Ended 31 December 2020

1. Accounting policies

A summary of the principal accounting policies adopted (which have been applied consistently, except where noted), judgements and key sources of estimation uncertainty, is set out below.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition October 2019 - effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Centre for Lebanese Studies meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Functional and presentational currency

The charity’s functional currency is USD’s and the presentational currency is GBP’s.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Notes to the accounts For the Year Ended 31 December 2020

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1,000 or more are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Furniture and equipment 33% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund Structure

Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the charity.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Notes to the accounts For the Year Ended 31 December 2020

2. INCOME FROM DONATIONS AND LEGACIES

Donations and gifts
Total 2019		 Unrestricted
funds
2020
£
9,634
9,634
15,580		 Total
Funds
2020
£
9,634
9,634
15,580		 Total
Funds
2019
£
15,850
15,850

In 2019 all income was to unrestricted funds.

3. INCOME FROM CHARITABLE ACTIVITIES

Research grants & other
Total 2019		 Unrestricted
funds
2020
£
791,310
791,310
664,700		 Total
Funds
2020
£
791,310
791,310
664,700		 Total
Funds
2019
£
664,700
664,700

In 2019 all income was to unrestricted funds.

4. INVESTMENT INCOME

Investment income
Total 2019		 Unrestricted
funds
2020
£
299
299
3,302		 Total
Funds
2020
£
299
299
3,302		 Total
Funds
2019
£
3,302
3,302

In 2019 all income was to unrestricted funds.

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

Notes to the accounts For the Year Ended 31 December 2020

5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary of fund by type

Unrestricted
Funds
2020
£
Research
684,939
684,939
Total 2019
539,940
6. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
directly
2020
£
Research
649,281
649,281
Total 2019
466,241		 Restricted
Funds
2020
£
-
-
-
Support
costs
2020
£
35,658
35,658
73,699		 Total
Funds
2020
£
684,939
684,939
539,940
Total
Funds
2020
£
684,939
684,939
539,940		 Total
Funds
2019
£
539,940
539,940
Total
Funds
2019
£
539,940
539,940

In 2019 all expenditure was to unrestricted funds.

ANALYSIS OF DIRECT COSTS

Research and project costs
Total 2019		 Activities
2020
£
649,281
649,281
466,241		 Total
Funds
2020
£
649,281
649,281
466,241		 Total
Funds
2019
£
466,241
466,241

In 2019 all expenditure was to unrestricted funds.

Notes to the accounts

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

For the Year Ended 31 December 2020

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (continued)

ANALYSIS OF SUPPORT COSTS

ANALYSIS OF SUPPORT COSTS
Depreciation
Office and workshop
Subscriptions, advertising and website
Accountancy and audit
Bank charges
Foreign exchange		 2020
£
7,369
25,772
22,866
2,070
2,445
(24,864)
35,658		 2019
£
7,370
30,407
28,947
1,842
462
4,671
73,699

In 2019 all expenditure was to unrestricted funds.

7. TRUSTEES REMUNERATION AND EXPENSES

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

8. TAXATION

The Charity is a registered charity and is therefore exempt from taxation.

9. INTANGIBLE ASSETS

9. INTANGIBLE ASSETS
2020
£
Archives
Cost
At 1 January 2020 12,823
Additions 0
Disposals -
At 31 December 2020 12,823
Accumulated amortisation
At 1 January 2020 12,823
Charge for the year 0
Disposals -
At 31 December 2020 12,823
Net Book Value
At 1 January 2020 -
At 31 December 2020 -
Notes to the accounts

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

For the Year Ended 31 December 2020

10. TANGIBLE ASSETS

10. TANGIBLE ASSETS
2020
£
Furniture &
equipment
Cost
At 1 January 2020 46,735
Additions 0
Disposals -
At 31 December 2020 46,735
Accumulated amortisation
At 1 January 2020 31,996
Charge for the year 7,370
Disposals -
At 31 December 2020 39,366
Net Book Value
At 1 January 2020 14,739
At 31 December 2020 7,369
11. DEBTORS
2020 2019
£ £
Prepayments 8,906 -
Total debtors 8,906 -
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Accruals 55,860 3,492
Other creditors 7,997 -
Total current creditors 63,857 3,492

Notes to the accounts

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

For the Year Ended 31 December 2020

13. FUNDS AND RESERVES – CURRENT YEAR

Unrestricted
Funds		 Retained surplus
at 01/01/20
 Retained surplus
at 01/01/20
 Retained surplus
at 01/01/20
 Income Expenditure Transfer
Total		 funds at
31/12/20

General		 144,453 801,243 (684,939) - 260,757
Total Funds 144,453 801,243 (684,939) - 260,757
FUNDS AND RESERVES – PRIOR YEAR
Unrestricted
Funds		 Retained surplus
at 01/01/19
 Income Expenditure Transfer
Total		 funds at
31/12/19

General		 541 683,852 (539,940) - 144,453
Total Funds 541 683,852 (539,940) - 144,453
14. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2020 2019
£ £
Net income/expenditure for the year (as per Statement of Financial
Activities)
116,304 143,912
Adjustments for:
Depreciation charges 7,369 7,370
Dividends, interests and rents from investments (299) (3,302)
(Increase) in debtors (8,906) -
Increase in creditors 60,365
 1,842
Net cash provided by/(used in) operating activities 174,833 149,822
15. ANALYSIS OF CASH AND CASH EQUIVALENTS
2020 2019
£ £
Cash at bank and in hand 308,338
 133,206
Total cash and cash equivalents 308,338 133,206

Notes to the accounts

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DocuSign Envelope ID: 883AFA6E-5715-478B-895F-F49839F2EF31

Centre for Lebanese Studies

For the Year Ended 31 December 2020 (continued)

16. ANALYSIS OF CHANGES IN NET DEBT

16. ANALYSIS OF CHANGES IN NET DEBT
Cash at bank and in hand At 1 January
2020
£
133,206		 Cash flows
£

175,132
 At 31
December
2020
£

308,338
133,206
175,132		 308,338

17. RELATED PARTY TRANSACTIONS

During the year transfers amounting to £252,391 (2019 £nil) were paid to an affiliated NGO entity Education Dev. Center in Lebanon, established to hire local staff and enable CLS to fulfil its objectives.

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