Comp#Jy Number. 2652481 FRIENDS OF CHILDREN IN ROMANIA ILIMrrED BY GuAREE) TRUSTEES. ANNUAL REPORT AND FINANCIAL sfATZMEN75 FOR THE YEAR ENDED 31 ocfoBER 21123 Ch•rity Number: 1006753
Pe Nr IKgal and Administrative Inforjnation COU11 of ManagemenV$ Rwrt Jndependent ExamID$ Retffit Stat8Jnent of FiDAncial Activities Ba18nee Sheet Nofrs to the Accounts
LEGAL AND ADMINisfRATIVE INFORMATION Directors Tntee4 ¥nd Council of Maweryent Ms S GIson Miss Paula Wright Durllig the year the following officerretired by rotation and was R<lected. Ms S Gibs< Cljarity Name Friends of ChildM in Romania Charity R¢£tr(lon Number I753 CompaAy R¢g&itralion 2052481 Regis¢ered Office Chichesrer P018 8ELX Independent Etsminer Mr5 Charlotte Pexto 5 Tuffs Hard POI8 8ET Th¢ day to day numiog ofthe proj¢¢t 15 delega1 to a Manager in Romani4 MT5 Beatrix Grigorn4 Bgnkers P.O.Box 250 Delf House Southway Skelmetsdale WN8 6V
tppIiLk UKlR41lic oflrnknbl (FRS 102) IJ19). PrkeipAIAthJtle5 amd ObJeetiw4s Th¢le$ in Haria continue to be s8fe happy p]aLZS wkn the ¢kni1d able to thriv¢ Lall¢ is in expls1ve to ruaitrtw &9 it is 15 yt5 okL It i8 tt•t fimdrg will (trtai1 to be]p with this (2)
COiJNCIL OF MANAGEMENfs REPORT {coNrThuED) FIEWICIAI Revi¢ Global IStabIlity. particullY the w8r iti UknYin4 Continu to impact the charlS ability to 8Or new strlS of income in order to siwwt its ongoitig 8ims and obJtiVe However. donatio did incre8se but did not quifr cover the inereas&l costs. consequently some of the rwve fund8 were us&1 to SlJPPOrt the charitys running ¢05ts. The n¢t expenditiwe ftir the ctrnt year was ql&692). This f]nan¢ial irtteryetition is ill am)r with our T¢S¢r¥ policy. It is hoped that the next year will be stronger. although global tnatket uncertsinty aThl the ongoing cost of livitig crists will no doubt affect the chances of attracting more income. Increased fimding streams . Romania are also beiDg explore¢l The charity will Ded to draw on its io the short kn in order to maintain its day to day obje¢tivos. Reseryes Pojicy the g¢nernl r¢5erve in order to provide sufficietrt OUr(S to enable the charity to continu¢ to fund its activxties. The level of rtserves ks monitored and T¢viewed by the dirtctots each ye8r. CouDcil of Management The council members who served during the year are delailed on page l. tn accordance with the Articles of Associth"on the member of the council retiring by rotstion is Ms S Gibso who bein8 eligible, offers herself for TleCtiOn. The council members of the cl>aritable company are its Directots and T for the pvrpctse of Company and Charity IAW. for Futsr¢ P¢riod•' The Council of Management is deterri to eLwr¢ that th¢ thildren in our ear continue to recerve the love and $llpt akitt to x nornial knily sdtin The CouDciI continues to explore funding streams to meet its obieclives and day to day oFwattonal costs. {3)
(LThIITED BY GUARANfEE) COiINCIL OF MANAGEME REPORT {coKriNUED) StstemeDt of th¢ Dlreetorj. RawL¥ibililies The trustee5 aT¢ r)nsible for preparing the annual ryKI aDd th¢ fuwn¢ial statements in accordance with applicable law aDd latIonS. Company law requires the tTustres to prepore fmancial stttcments for financial year. Und¢r that laiy the director5 have cle¢t¢d to prepare thc fll)ancial ststements ID a¢¢ord with United Kingdom G¥nernity A¢• Accounting Pra¢tice IUDitg1 Kingdom Accounting Standarth and applicable law). Under ompgny Itw the trustees Must not approve the finon¢ial statements llldess they are $8ttsfied that they give a true and f&r stats of affaiTS of the charttabl¢ ¢ompaThy and the net i¥t¢ome or expenditure of th¢ charitsble company for thAt period. ID prepri those fift¢181 ststementy the d1CtoT$ are required to. selt suifabl¢ accouthting p)liciBs and then appty them colstentIy. Mak¢ judgements and that are re&wnabl¢ and prndent and Prepare the financial ststements on the going con¢an basi8 Unl tt is in8ppn)priate to preswne the ¢harity will continu¢ in busines The alt0 are responsille for nmintaining proper a¢eollnting records vthich disclose with reonble accuracy at any tiTne the flnancial FK)sitioll of the ¢harty aud enables them to elksure that the financial statements ¢omply with compani Act 2006. The dirwtot5 are also spOnSible for saftguarding th¢ assets of the c]wity and hence fortskRDg the reasonable steps forthe det&tion of fraud and other irregularities. This report has been prepared in acwrdaJLce with the CTrthrilies SORP (FRS 102) and iti accordance with the sptCiAI provssions for sm411 comleS under part I S of the Companies Act 2006. Approv&l by th¢ Council of and on its b£bakf on 2024 The Revd Canon M J L4ne Director. Trttee st Council Member (4)
ON THE NAUDED FINANCIAL sfAT£MENIS OF FRIENDS OF CHIUIREN IN ROMANIA (LIhllTED BY GUARANTEE) I report ca the a¢¢ounts of the Friends of thildren in Rojnania forthe year endod 31 October 2023 which set out on pa 6 to 9. R&spe¢tiYe ReJponAibJlilits of Trost¢eJ Ex#miu As the chatitvs tsIL8t¢¥s of the Company (and also its dirtctm for the of company law) you ar responsible forth¢ weparntion of the accA)unts in Accordw with th¢ rv4uiJEments ofthe Companies A¢t 2006 {'the 2006 ACV). Having satisfi¢d my7elf th8t the ae¢ounts of the Compaoy are JM)t requiftd to k auditeA under Part 16 of the 2006 Act and are eligible foT indePt examillatio l ryort in respect of tny examination of your ¢haritys accollrtts as carried out under s¢ction 145 of the Charities Act 2011 Cth¢ 2011 A¢f). In carrytn8 Out my examitiation I have followed the Directions given by the Charity Commission und¢r sectton 145{5) (b) of th#2011 Act llldependenl uamli¢r'J ststememt I have completed my examination. I confirni that no matters hav¢ to my attention in ¢onnectioll with the examination givin8 me cause to belieye: IIIMin8 rOrdS wexe not keo In respect of the Cornpy required by wtion 386 of the 21)06 ACL or the a¢counts do not ¢on)pty with th¢ aUting rtyuir¢m¢nts of 5rKtion 390 of the 2006 Act other any r¢quir¢meDt that th¢ accounts 8ive a true and faie view which is not a matter considered port of an independ¢nf ¢xAmination' or the 8ccounts have not been prepor•J in a¢¢ord8Dce with the tnetho& aDd pYin¢iples of the Statement of Re¢ommended Practice for accounting and Teportin8 by ehArities (applicAble to Charities preparing their accounts in accordance with tbc Financlal Reporting Standard applic&blc in th¢ UK and Republic of Ire]d (FRS 102)). I hav¢ no wnG¢rns and have oime across no other terS in conne¢t1( with the examination to which attention Should be drawn in this report in oth to enabk a proper unkndin8 of the o¢wunts to Ix TwhrAJ. Signed: e . Ch8rlotte Pexton S Tuffs HArt Bosham P018 SET J(T {5}
IIIMITED BY GUARANTEE) (INCLUDING INCOME AIW EXPENDrrtlRE ACCO FOR YEAR ENDED 31 OCTOBER 2023 2022 Unrestricted Funds Funds D¢ome from: Donations and leg1¢$ Investment income- Accumlll&ion units 130.768 1.859 1.731 134,358 119.062 2.166 1436 123,664 ExpettditsEre oD: Raising funits Charitable activities House running ¢osts Team Costs 140.050 13.000 124J23 11,400 Total 153.050 135,726 Net expendithre (1&692) (12.062) Net gain00$$$) on invesknents 1693 {21799) N¢t mtsvement In funds (15.999) (34.861) ReConlAtion of funds Total funds brought forward Total fDMds e4rried forn1 164,930 148.931 199.791 164.930 (6)
Company Number. 2652481 BALANCE SKEZT AS AT 31 ocfoBER 21)23 2022 Y4ote• Curr¢tyt au¢ts 617 148.314 148.931 21.168 143,762 164.930 Investments Totsl current amets Llabllitie• Creditors amounts fallin8 due within one year N¢t aats 148,931 164.930 Th• fvDd• of the ¢h#rAty Unt¢stricted funds 148,931 164.930 For the year ¢nding 31 October 2023 the company was entitled to exemption under se¢tion 477 of the Companies Act 2006 lating to stnajl Com[1¢5. The members bave not required the compw to obtain An audit in with section 476 of the Companies Art 2006. The directors acknowledge their resw]sibilities for complylng wtth the requirements of the Act with r¢sp¢¢t to auntIng records and the preparation of accounts. Th¢s¢ accounts have bttn pr¢pared in a¢¢Ord with the provi$irffls applicfybl¢ to wmpanies subjert to the small ¢omp•ni# teBim¢. Approved by the il of Manag¢mem and SI on its beIlf on Zl£rYL)*o,- Revd. CAnon M J tane Director. TTr and Council Member (7)
(LIMrrED BY GUARE> NOTFS TO THE AccouNrs FOR THE YEAR ENDED 31 ocfoBER 21n3 i) polle ( a ) B48lB of accoumtimg The financial statanents have becn prepared under the historical cost convention as modified to include investments 8t valuation. and iti accordAnee with the s¢cond edition of the Charilies: Siatement of Re¢0M Practic¢ (i&wtil in Octoiw2019). th¢ Financial Reporting staftda appli¢abl¢ in the UK and Republic of Ireland (FRS 102), the Clwitios Act 2011 and the Companies Acl 21X)6. Friends of Childta) in Ronwua meets the definition of a public knefrt entity under FRS 102 ( b ) Golng concern The InteeS considerthal there are no matsrial uncertainties about the charity8 ability to ( c ) ID¢ome and exydllure All of th¢ income rtlat¢5 to the Pfin¢Tpal a¢tivity and is therore deemed to be unrestrict¢d. Income is recognised when the charity h&$ ¢ntiilemeDt to fiinds. any rfOrniance {dI110n$ ttA¢hed to the items of ineome have been meL it is probable that the income will be received and the amowit Can be measur¢d reliably. Logaciary ore re¢ogniJ whèn th• is Advised by the personal representstives of An ¢State that probate h&s Lwi grant that Payment is probabl¢ and th¢ amount can be quantified with rEnable certainty. ExpetydltDr¢ ExdIti¢ is reeognised onee there is a kgal or cotthctive obligation committing the ckniry to that expenditur4 tt 15 PTob&bk that settlcwcnt will b¢ rniuired and the amouttt of the obligation caD be measure reliably. EXd1thre irKludes Irreble VAT. Where kKissibl¢ ¢xpenditure has been charged dircct to clwitable exFnditure. Where thi5 is not possil>le the ¢xp¢trlitiwe has been allocated on the basis time spent ty stsff on each tivIty. Charitsble expenditure comprises those c4)515 illcuTre41 by the chaTity in the delivery of its activities artd s¢rvi¢¢s for its knefici8ries. Governance costs inelude those c05tS 8sso¢itsd with meeting the constitutional and stlltUry wuir¢Mts of the clmrity and have bwt cbarg¢d to charitable ¢xp¢nditur¢.
(LIMfTED BY GUARANTEE) (ANNUAL REPORT AI¥D FINANCIAL STATEMENTS) NOTES TO THE ACCOUNIS FOR THE YEAR ENDED 31 ocfoBER 21123 (COThT) i) Accounting polici¥ (eottlinlled) { d ) Ta#gibk fixed Individual fixeAJ assets c(tstitig £l.(l)O or mojr aTC capitslised cost and are d¢preciated ov their estimated usefvl economic lives on a sti8i£ht line basis as follows: Asset Category Plant & EquipmeDt 2) Imvegtmellts 2023 2022 Mats value at 31 O¢toi*r 21Y22 Add: Dividends OD a¢¢umul#tion fimd units purchase at cost 143,762 1.859 199.395 2,166 (35.000) (22,799) 143.762 Gainl(loss) in year Market value tt 31 October 2023 2.693 148.314 HistOriGal ¢0st at 31 OctoTrKt 21)23 137.140 137.140 The breokdowtl of the pothlio is &s follows". Charities Aid Foundation - Fixed IDter¢st Fwid B Incom¢ UK Equity Fund B Accumulation 56,451 91,590 273 58,990 84,568 204 148.314 143.762 3) Tnth E4)ellses and remuneralion None of the council members Tec£iv&l r¢munernti¢)n or Tein)bursed exp$ for their serrfices during the periTh 4) The Charity is a comw limited by has no sbare capitsl The Iiability of each rneMb iti th¢ ¢v¢nt of]nding up is lÈmited to £1. (9)