Comp#Jy Number. 2652481 FRIENDS OF CHILDREN IN ROMANIA ILIMrrED BY GuAR￿EE) TRUSTEES. ANNUAL REPORT AND FINANCIAL sfATZMEN75 FOR THE YEAR ENDED 31 ocfoBER 21123 Ch•rity Number: 1006753 P￿e Nr IKgal and Administrative Inforjnation COU￿11 of ManagemenV$ Rwrt Jndependent ExamID￿$ Retffit Stat8Jnent of FiDAncial Activities Ba18nee Sheet Nofrs to the Accounts LEGAL AND ADMINisfRATIVE INFORMATION Directors Tn￿tee4 ¥nd Council of Maweryent Ms S GI￿son Miss Paula Wright Durllig the year the following officerretired by rotation and was Raritable 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 $llp￿t 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 $8ttsfied that they give a true and f&r stats of affaiTS of the charttabl¢ ¢ompaThy and the net i¥t¢ome or expenditure of th¢ charitsble company for thAt period. ID prepri￿ those fift￿¢181 ststementy the d1￿CtoT$ are required to. sel￿t suifabl¢ accouthting p)liciBs and then appty them co￿lstentIy. 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 al￿t0￿ are responsille for nmintaining proper a¢eollnting records vthich disclose with re￿on￿ble 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 com￿leS 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. Trt￿tee st￿ Council Member (4) ON THE ￿NAUD￿ED 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 indeP￿t 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 r￿OrdS wexe not keo In respect of the Cornp￿y required by wtion 386 of the 21)06 ACL or the a¢counts do not ¢on)pty with th¢ a￿U￿ting 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 leg￿1¢$ 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 gain￿00$$￿$) on invesknents 1693 {21799) N¢t mtsvement In funds (15.999) (34.861) ReCon￿lAtion of funds Total funds brought forward Total fDMds e4rried for￿n1 164,930 148.931 199.791 164.930 (6) Company Number. 2652481 BALANCE SKEZT AS AT 31 ocfoBER 21)23 2022 Y4ote• Curr¢tyt au¢ts 617 148.314 148.931 21.168 143,762 164.930 Investments Totsl current amets Llabllitie• Creditors amounts fallin8 due within one year N¢t aa￿ts 148,931 164.930 Th• fvDd• of the ¢h#rAty Unt¢stricted funds 148,931 164.930 For the year ¢nding 31 October 2023 the company was entitled to exemption under se¢tion 477 of the Companies Act 2006 ￿lating to stnajl Com[￿1¢5. The members bave not required the compw to obtain An audit in with section 476 of the Companies Art 2006. The directors acknowledge their resw]sibilities for complylng wtth the requirements of the Act with r¢sp¢¢t to a￿untIng records and the preparation of accounts. Th¢s¢ accounts have bttn pr¢pared in a¢¢Ord￿ with the provi$irffls applicfybl¢ to wmpanies subjert to the small ¢omp•ni# teBim¢. Approved by the il of Manag¢mem and SI￿ on its beI￿lf on Zl£rYL)*o,- Revd. CAnon M J tane Director. TTr￿ and Council Member (7) (LIMrrED BY GUAR￿￿E> 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 In￿teeS 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 the￿rore 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¢ogni*J 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 rE￿nable certainty. ExpetydltDr¢ Ex￿dIti￿¢ 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. EX￿d1thre irKludes Irr￿e￿ble 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¢i*tsd with meeting the constitutional and stlltU￿ry wuir¢M￿ts 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)