PUBLIC ORGANIZATION SUGIHARA FOUNDATION „DIPLOMATS FOR LIFE“
COMPANY CODE 110078468
KAUNAS, VAIŽGANTO ST. 30
FINANCIAL REPORT FOR 2021
Kaunas 2022
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, 2021
2022 March 1st, No. 1 l (date of issue)
2022-03-30 No.2022.01 (approval mark)
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(In Euro) Director Ramūnas Janulaitis (title of the executive person ) (signature) (name, surname) ASSETS Notes No. Reporting period Previous reporting period A. FIXED ASSETS 19158 11363 I. INTANGIBLE ASSETS 1 974 1 II. TANGIBLE ASSETS 2 18184 11362 III. FINANCIAL ASSETS IV. OTHER FIXED ASSETS B. CURRENT ASSETS 70052 162047 I. INVENTORIES 3 13433 16899 II. RECEIVABLES DUE WITHIN ONE YEAR 4 702 716 III. OTHER CURRENT ASSETS IV. CASH AND CASH EQUIVALENTS 5 55917 144432 ASSETS, TOTAL 89210 173410 C. EQUITY CAPITAL -16863 3924 I. SHAREHOLDERS CAPITAL 869 869 II. RESERVES III. UNTOUCHABLE CAPITAL IV. ACCUMULATED OPERATING RESULT -17732 3055 D. FUNDING SUMS 7 101454 167140 E. PAYABLES AND LIABILITIES 4619 2346 I. FIXED LIABILITIES II. CURRENT LIABILITIES 8 4619 2346 EQUITY CAPITAL, FUNDING SUMS AMD LIABILITIES, TOTAL 89210 173410
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, 2021
2023 March 1st, No. 1 l (date of issue)
2022-03-30 No 2022.01 (approval mark)
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(In Euro) Director Ramūnas Janulaitis (title of the executive person ) (signature) (name, surname) Queue No ARTICLES Notes No. Reporting period Previous reporting period I. INCOME 106671 96427 1 SALES REVENUE 9 5040 10104 2 FUNDING INCOME 7 92343 79104 3 OTHER INCOME 9 9288 7219 II. COSTS 127458 96448 1 COST OF GOODS AND SERVICES, AND OTHER SELLING EXPENSES 0 0 2 COST OF OPERATIONS 10 125545 94512 3 OTHER COSTS 10 1913 1936 III. OPETARING RESULT BEFORE TAX -20787 -21 IV. CORPORATE INCOME TAX V. NET OPERATING RESULT -20787 -21
EXPLANATORY NOTE
To the financial statements at 31 December 2021
I General information
Public organization Sugihara Foundation "Diplomats for Life"
Vaižganto g. 30, LT-44229, Kaunas Tel/Fax: 8-37-423277
Public body registered under the laws of the Lithuanian Companies Register on 14 December 1999. Public institution code: 110078468
The data is collected and stored in the State Enterprise Centre of Registers. The shareholders' capital of the public body is 868.86. EUR.
As at 31 December 2021 and 2020, 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 2021 and 6 employees in 2020. 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.
Activities of the institution :910000 in the field of social education, culture 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.
Founders of the Foundation: Ramūnas Garbaravičius, Egidijus Aleksandravičius and Freddy Opsomer (Note: Freddy Opsomer died on 14 March 2019)
The Board of the Foundation Egidijus Aleksandravičius, Linas Venclauskas, Linas Tuleikis, Irena Veisaitė, Henrikas Gulbinas, Šarūnas Liekis and Birutė Garbaravičienė
Honorary members of the Foundation: H.E. Kazuko Shiraishi.
II Accounting principles
The laws and regulations governing accounting and financial reporting: Law on 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 Explanatory notes
1 Intangible non-current assets
Movements in intangible fixed assets are shown in the table below: (Note 1)
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Acquisition value Software Other intangible assets Balance at 31 December 2020 1014 1415 Acquisitions 1000 Transfers Write-offs Balance at 31 December 2021 1014 2415 Depreciation Balance at 31 December 2022 1013 1415 Depreciation per year 27 Transfers Write-offs Balance at 31 December 2021 1013 1442 Residual value at 31 December 2020 1 0 Residual value at 31 December 2021 1 973
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 activities by grouping:
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
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Acquisition value Machinery and equipment Other equipment, appliances, computer equipment Other tangible assets Museum exhibits Unfinished reconstruction work Balance at 31 December 2020 3989 12879 32673 1158 2264 Acquisitions 6912 18602 Transfers Write-offs -50 -15000 Balance at 31 December 2021 3989 12879 39535 1158 5866 Depreciation Balance at 31 December 2020 3988 12574 25012 27 0 Depreciation per year 0 235 3445 Transfers Write-offs -38 Balance at 31 December 2021 3988 12809 28419 27 0 Residual value at 31 December 2020 1 305 7661 1131 2264 Residual value at 31 December 2021 1 70 11116 1131 5866
Acquisition value Software Other intangible assets Machinery and equipment Other equipment, appliances, computer equipment Other tangible assets Balance at 31 December 2021 1014 1415 3989 12879 20221 Depreciation 1013 1415 3988 12807 20204 Residual value at 31 December 2021 1 0 1 69 17
costs incurred. The table below shows the renovation works carried out, the works delivered (write-offs) and the funds collected in 2021:
3 Inventories
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 within one year (Note 4)
5 Cash and cash equivalents (Note 5)
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Work carried out, money spent Funding raised/financing written off Wallet Balance of funds 31 December 2016 Balance 5374 51321 45947 Work done/funds raised in 2017 127135 138767 Assets placed in service / written off during 2017(-) 129600 129600 31 December 2017 Balance 2909 60488 57579 Work done/funds raised in 2018 18366 3270 Disposals/write-offs in 2018(-) 21000 21000 Balance at 31 December 2018 275 42758 42483 Work done/funds raised in 2019 8734 0 Disposals / write-offs in 2019(-) 7793 7793 Balance at 31 December 2019 1216 34965 33749 Work carried out / funds raised in 2020 7328 0 Repossessed / written off in 2020(-) 6279 6279 Balance at 31 December 2020 2265 28686 26421 Work carried out/funds raised in 2021 18601 0 Repossessed / written off in 2021(-) 15000 15000 Balance at 31 December 2021 5866 13686 7820
Inventories movements
Value of inventories at 31 December 2020 14358 Purchases of inventories 248 Consumption and write-off of inventories 2057 Value of inventories at 31 December 2021 12549
Advance payments 31 December 2021 31 December 2020 Prepayments to suppliers 885 2516
Customer arrears 31 December 2021 31 December 2020 Trade receivables, gross 702 716 Impairment of doubtful receivables -Trade receivables, net 702 716
31 December 2021 31 December 2020 Cash in bank accounts Including foreign currency (USA,JPY) 53696 42278 144431 52860 Cash in the hand 2221 2774
6 Equity capital
The institution's own capital consists of contributions from shareholders and the result of the fund's activities. The Foundation made a loss for the year under review in the amount of EUR -20787.-
7 Funding
The movement of the Fund's sources of funding is shown in the table below: (Note 7)
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SOURCE OF FUNDING 2021 01 01 BALANCE RECEIVED IN 2021 USED IN 202 2021 12 31 BALANCE Grant (in assets) 1198 58 1140 Target funding: 28686 12070 27070 13686 Fund for Museum reconstruction 28686 15000 13686 Target funding for events 0 12070 12070 0 Other funding 137256 14587 65215 86628 Including: 0 Anonymous donations 57066 2672 59738 0 Received 1,2% PIT donations 0 1901 1901 0 Other funding 80190 10014 3576 86628 TOTAL 167140 26657 92343 101454 4Annex
**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 the end of the reporting year, debts amount to:
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Note 6
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. CO International Charitable Foundation "Come back alive" UA09305299, Kyiv, Ukraine 1.2. 2 Individuals* X 3 Total X 0
individuals
(The form of Information for Charity and donations received during the year)
CHARITY
*Data of
are not disclosed
Suppliers for services and goods 3268 Social security tax on wages 0 Property tax due for 2019 1351 Amounts due to accountable persons for farm expenses 0 Advances received from buyers 0 Amount due TOTAL 4619
9 Revenue
The Foundation's operating income comes from services provided for excursions and museum visits. A small part of the income comes from the sale of souvenir badges, pendants and postcards. In 2020, a quarantine was declared due to the COVID-19 pandemic, during which time the museum's activities were suspended and the number of visitors dropped considerably.
10 Other income and other expenses
Other income and other expenses incurred during the year: (Note 9)
11 Operating costs
In the reporting year, the Fund received a subsidy of EUR 1,082.11 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.
The Fund incurred costs of 127459.- 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 funding received (14328) and the donations and earmarked funding received (26656) for the year 2021, the general costs of the Foundation's activities are compensated for and distributed as follows: 65% of the costs are allocated to the financing of the Foundation's events of public benefit and 35% are allocated to the Foundation's economic and commercial activities. The allocation and reimbursement of the Foundation's costs are shown in the table below: ( Note 10)
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Revenue 2021 2020 For services provided by the museum 5040 9822 For sales of souvenirs, books 0 282 Amount due TOTAL 5040 10104
Other income 2021 2020 Foreign exchange gain Subsidy for micro-enterprises (Orders of 22.03.2021/05.04LREIM) 9288 7219 Other costs Fines and default interest 0 6 Foreign exchange loss 1914 1930
Cost articles Costs in total Targeted funding used Other funding used Foundation's operating costs Cost of services rendered and goods sold 0 0 Other costs 1914 1244 670 Sales 404 263 141 Staff remunaration 65389 2470 40897 22022 Depreciation 3708 58 2373 1278 Maintenance of premises 14368 9339 5029 Communications 1653 1074 579 Transportation maintenance 0 0 0 Impairment of assets 2176 1414 762 Other operations 37847 25611 8611 4636 Charity, donations made 0 0 0 TOTAL 127459 27128 65215 35116
Executive remuneration and other benefits
In 2021, the salary accrued to the Head of the Fund amounted to a total of EUR 21854.- (EUR 19088.- in 2020). There were no loans granted to the Head of the Institution, no guarantees, no other disbursements or accruals made to the Head of the Institution, and no other transfers of assets
Post-reporting events
After the balance sheet date, the museum has not seen an increase in visitor numbers and is facing a difficult period ahead.
Director Ramūnas Janulaitis Linas Budrius Accountant2022-03-01
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