PUBLIC ORGANIZATION SUGIHARA FOUNDATION DIPLOMATS FOR LIFE
COMPANY CODE 110078468
KAUNAS, VAIŽGANTO ST. 30
FINANCIAL REPORT OF 2020
Kaunas 2021
Public Organization Sugihara Foundation Diplomats for Life 110078468 (subject legal entity, title, code)
Vaižganto g. 30, Kaunas, VĮ Registrų Centras l (Head office (address), the register, where data is collected and stored)
Operating l (Legal status, if subject is licvidated, reorganized or bankrupt)
REPORT OF FINANCIAL POSITION
ACCORDING TO DATA OF 31 DECEMBER, 2020
2021 March 31st, No. 1 l (date of issue)
2021.04.13 No 2021.01 (approval mark)
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(In Euro) ASSETS Notes No. Reporting period Previous reporting period A. FIXED ASSETS 11363 12406 I. INTANGIBLE ASSETS 1 1 5 II. TANGIBLE ASSETS 2 11362 12401 III. FINANCIAL ASSETS IV. OTHER FIXED ASSETS B. CURRENT ASSETS 162047 40149 I. INVENTORIES 3 16899 15907 II. RECEIVABLES DUE WITHIN ONE YEAR 4 716 4688 III. OTHER CURRENT ASSETS IV. CASH AND CASH EQUIVALENTS 5 144432 19554 ASSETS, TOTAL 173410 52555 C. EQUITY CAPITAL 3924 3945 I. SHAREHOLDERS CAPITAL 869 869 II. RESERVES III. UNTOUCHABLE CAPITAL IV. ACCUMULATED OPERATING RESULT 3055 3076 D. FUNDING SUMS 7 167140 36731 E. PAYABLES AND LIABILITIES 2346 11879 I. FIXED LIABILITIES II. CURRENT LIABILITIES 8 2346 11879 EQUITY CAPITAL, FUNDING SUMS AMD LIABILITIES, TOTAL 173410 52555 Director Ramūnas Janulaitis (title of the executive person ) (signature) (name, surname)
Public Organization Sugihara Foundation Diplomats for Life 110078468 (subject legal entity, title, code)
Vaižganto g. 30, Kaunas, VĮ Registrų Centras l (Head office (address), the register, where data is collected and stored)
Operating l
(Legal status, if subject is licvidated, reorganized or bankrupt)
PERFORMANCE REPORT
ACCORDING TO DATA OF 31 DECEMBER, 2020
2021 March 31st, No. 1 l (date of issue)
2021.04.13 No 2021.01 (approval mark)
3
(In Euro)
Queue No. ARTICLES Notes No. Reporting period Previous reporting period I. INCOME 96427 173257 1 SALES REVENUE 9 10104 68457 2 FUNDING INCOME 7 79104 104307 3 OTHER INCOME 9 7219 493 II. COSTS 96448 180765 1 COST OF GOODS AND SERVICES, AND OTHER SELLING EXPENSES 0 0 2 COST OF OPERATIONS 10 94512 180765 3 OTHER COSTS 10 1936 III. OPETARING RESULT BEFORE TAX -21 -7508 IV. CORPORATE INCOME TAX V. NET OPERATING RESULT -21 -7508
Director Ramūnas Janulaitis (title of the executive person ) (signature) (name, surname)
EXPLANATORY NOTE
With the financial report of December of 2020
I General information
Public organization Sugihara Foundation "Diplomats for Life"
Vaižganto g. 30, LT-44229, Kaunas Tel/Fax: +37037423277
Public body registered under the laws of the Lithuanian Companies Register on 14 December 1999. Public institution code: 110078468
Data is collected and stored in the State Enterprise Centre of Registers. The shareholders' capital of the public body is 869. EUR.
As at 31 December 2022 and 31 December 2021, three natural persons were shareholders of the public body. The financial statements of the public body are approved by the general meeting of shareholders.
Average annual number of staff by list for the reference period and the previous reference period: 5 employees on the last day of 2022 and 5 employees in 2021.
The financial year of the public body is the same as the calendar year. The institution is operational and has an unlimited period of operation.
Information on the Accounting Officer: Under a contract dated 04.01.2010, accounting services are provided by Bafos paslaugos UAB (code 135872365) and are open-ended.
The activities of the institution are :910000 in the social, educational and cultural field and museum activities. The aim of the Foundation is to revive the memories of the heroic deeds of the Japanese Consul Ch. Sugihara's exploits during the Second World War, and to add information about the Holocaust and the role of Sugihara, other diplomats and Lithuanian citizens in saving the lives of thousands of Jews and other people.
The founders of the Foundation: Ramūnas Garbaravičius, Egidijus Aleksandravičius and Freddy Opsomer (Note: Freddy Opsomer passed away on 14 March 2019) Foundation shareholders: Ramūnas Garbaravičius, Egidijus Aleksandravičius and Saulius Garbaravičius.
Chairman of the Board of the Foundation: Ramūnas Garbaravičius
The Board of the Foundation: Egidijus Aleksandravičius, Linas Venclauskas, Linas Tuleikis, Henrikas Gulbinas, Šarūnas Liekis and Birutė Garbaravičienė, Miša Jakobas.
Honorary members of the Foundation: H.E. Kazuko Shiraishi.
II Accounting principles
The laws and regulations that govern accounting and financial reporting: Law on Financial Accounting of the Republic of Lithuania. Order of the Minister of Finance of the Republic of Lithuania: "On the preparation of accounting, financial statements, activity report, annual report and valuation of assets and services received free of charge (nonmonetary donations) of non-profit legal entities".
III Notes to the Explanatory Note
1 Intagible fixed assets
Movements in intangible fixed assets are shown in the table below: (Note 1)
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Aquisition value Software Other intangible assets Balance at 31 December 2019 9828 1415 Aquisitions Transfers Write-offs -8814 Balance at 31 December 2020 1014 1415 Amortisation Balance at 31 December 2019 9823 1415 Amortisation per year 0 0 Transfers Write-offs -8810 Balance at 31 December 2020 1013 1415
2 Tangible fixed assets
Movements in tangible fixed assets are shown in the table below: (Note 2)
Under the terms of a lease agreement signed on 12 March 2003, the Foundation has the free use of 347,03 m2 of premises and 0,09 ha of land for its activities. The lease agreement is for an indefinite period of time and the Foundation does not pay rent. For the maintenance and operation of the premises, contracts are concluded with service organisations and fees are paid on the basis of the services provided. The Foundation had concluded a 5-year lease agreement with Vytautas Magnus University, which expired on 01.07.2016. According to the agreement, the VMU used the premises free of charge but reimbursed the operating and utility costs during the rental period. The premises were returned to the Foundation at the end of the contract. As of 01.07.2016, the Foundation started to use all the premises for its activities.
The Foundation uses fully depreciated assets in its operations by group:
Since the end of 2015, the Foundation has been implementing the reconstruction and renovation of the building and the premises that house the museum, in accordance with the approved project and contract. Fundraising and reconstruction and renovation works are being carried out to achieve this objective. According to the contract, the Lender does not reimburse the Foundation for the reconstruction and renovation
5 Residual value at 31 December 2019 5 0 Residual value at 31 December 2020 1 0
Cquisition value Machinery and equipment Other equipment, appliances, computer equipment Other tangible assets Museum exhibits Reconstruction work in progress Balance at 31 December 2019 3989 32416 32857 1158 1216 Aquisitions 1979 1049 Transfers Write-offs -19538 -2163 Balance at 31 December 2020 3989 12879 32673 1158 2265 Deprecation Balance at 31 December 2019 3615 31321 24272 27 0 Deprecation per year 373 787 2901 0 0 Transfers Write-offs -19534 -2162 Balance at 31 December 2020 3981 12574 25012 27 0 Residual value at 31 December 2019 374 1095 8585 1131 1216 Residual value at 31 December 2020 1 305 7661 1131 2265
Acquisition value Software Other intangible assets Other equipment, appliances, computer equipment Other tangible assets Balance at 31 December 2019 1014 1415 12570 16686 Deprecation 1013 1415 12562 16672 Residual value at 31 December 2019 1 0 8 14
costs incurred. The table below shows the movement of works carried out and funds for the period: renovation works carried out, works delivered; funds collected for financing and written off; balance of funds at the end of the year:
3 Inventory
movements are shown in the table below (Note 3)
Inventories include stationery, office supplies, brochures, badges, books, souvenir magnets, postcards, chocolates: which are used for the purposes of the Foundation, or as souvenirs to promote the Foundation's activities to guests, schools, museum visitors and supporters.
4 Receivables due within one year (Note 4)
5 Cash and cash equivalents (Note 5)
6
Work carried out, money spent Funding raised/financing written off Balance of funds 31 December 2016 Balance 5374 51321 45947 Work carried out/funds raised in 2017 127135 138767 Assets placed in service / written off during 2017(-) 129600 129600 31 December 2017 Balance 2909 60488 57579 Work carried out/funds raised in 2018 18366 3270 Assets placed in service / written off during 2018(-) 21000 21000 31 December 2018 Balance 275 42758 42483 Work carried out/funds raised in 2019 8734 Assets placed in service / written off during 2019(-) 7793 7793 31 December 2019 Balance 1216 34965 33749 Work carried out/funds raised in 2020 7328 0 Assets placed in service / written off during 2020(-) 6279 6279 31 December 2020 Balance 2265 28686 26421
Inventory
Value of inventories at 31 December 2019 13387 Inventories purchased 6028 Consumption and write-off of inventories 5057 Value of inventories at 31 December 2020 14358
Prepayments 31 December 2020 31 December 2019 Prepayments to suppliers 2516 2520
Customer arrears 31 December 2020 31 December 2019 Trade receivables, gross 716 4688 Impairment of doubtful receivables -Trade receivables, net 716 4688
31 December 2019 31 December 2018 Cash in bank accounts Including foreign currency
144431 52860 19554 15056 Cash in hand 2774 535
(USA,JPY)
6 The institution's own capital
The institution's own capital consists of contributions from shareholders and the result of the fund's activities. The Foundation made a loss of EUR 20.- for the year under review.
7 Funding
The movement of the Fuondation's sources of funding is shown in the table below: (Note 7)
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Source of Funding Balance Received
2020 Spent in 2020 Balance 2020.01.01 2020.12.31 Grant (for acquisition of fixed assets) 1383 185 1198 Targeted funding : 34965 16440 22719 28686 Museum Reconstruction Fund 34965 6279 28686 Targeted event support 0 16440 16440 0 Other funding 382 193074 56200 137256 Including : 0 Anonymous support 0 111173 54107 57066 2% PIT donation received 0 2093 2093 0 Other funding 382 79808 80190 TOTAL 36730 209514 79104 167140
in
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Annex
Note 6
(The form of Information for Charity and donations received during the year)
*Data of individuals are not disclosed **the cost of services provided ***is shown when an entity transfers the use of an asset to others under a usage contract, irrespective of the entity's own ownership of the asset (ownership, usage or lease)
The funding was used to finance the public benefit events mentioned in the Annual Activity Report, to reimburse the Foundation's operating costs, and to reimburse the costs of the reconstruction and renovation of the museum building.
8 Accounts payable and liabilities (Note 8) At
9 Income
The Foundation's operating income comes from services provided for excursions and museum visits. A small part of the income is generated by the sale of souvenir badges, pendants and postcards.
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AND DONATIONS MADE DURING REPORTING PERIOD (In Euro) Queue No. RECIPIENT OF CHARITY, DONATIONS MADE CHARITY, DONATIONS GRANTED Title Code, head office (addres) In cash Assets, but cash Services** Usage of assets*** 1 2 3 4 5 6 7 1 Legal entities 1.1. VšĮ "Kyumeikan mokykla" 301645576, Asiūnų tak. 4, Kaunas, Lietuva 225 1.2. 2 Individuals* X 3 Total X 225
CHARITY
amount
Suppliers for services and goods 1450 Social security tax on wages 0 Property tax due for 2019 819 Amounts due to accountable persons for farm expenses 8 Advances received from buyers 68 Amount due TOTAL 2345
the end of the reporting year, debts
to:
In 2020, a quarantine was declared due to the COVID-19 pandemic, during which the museum's activities were suspended and the number of visitors dropped considerably.
11 Operating costs
In the reporting year, the Fuondation received a subsidy of EUR 22062.02 from the Employment Service under the Ministry of Social Security and Labour of the Republic of Lithuania for the wages of employees who were placed on lay-off in the event of an outage as defined in Article 47(1)(2) of the Labour Code of the Republic of Lithuania.
The Fuondation incurred costs of EUR 96480.- during the year under review. In accordance with the decision of the shareholders of the Foundation, taking into account the ratio of the income earned to the earmarked funding received (39418) and the donation received (129706) for 2020, the general operating costs of the Foundation shall be reimbursed and distributed as follows: 77% of the costs shall be allocated to the financing of the Foundation's events of public benefit, 23% to the Foundation's economic and commercial activities. The allocation and reimbursement of the Foundation's costs is shown in the table below ( 10 note)
Executive salary and other benefits
In 2020, the total salary accrued to the executive amounted to EUR 19,088.- (2019: EUR 26,012.- ). There were no loans, guarantees, other payments or accruals made to, or transfers of assets made.
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Income 2020 m 2019 m For services provided by the museum 9822 68457 For sales of souvenirs, books 282 0 TOTAL 10104 68457
and
expenses Other income and other expenses incurred during the year: (Note 9) Other income 2020 m 2019 m Foreign exchange gain 493 Subsidy for micro-enterprises (2020-05-21LREIM Order No.4-340) 7219 Other expenses Fines and late payment penalties 6 1 Foreign exchange loss 1930
10 Other income
other
Cost articles Costs in total Targeted funding used Other funding used Foundation's operating costs Cost of services rendered and goods sold 67 67 Other costs 1936 1491 445 Sales 334 257 77 Staff remuneration 45645 6279 29882 9484 Deprecation (amortisation) 4061 185 2985 891 Maintenance of premises 6175 4755 1420 Communications 1820 1401 419 Transportation maintenance 0 0 Impairment of assets -331 0 -331 Other operations 36516 16440 15429 4647 Charity, donations made 225 225 TOTAL 96448 22904 56200 17344
Post-reporting events
After the balance sheet date, a quarantine due to the COVID-19 pandemic was declared, during which the museum's activities were suspended
Accountant Linas
2020-03-31
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Director Ramūnas Janulaitis
Budrius