Company 1¥4umber 2652481
FRIENDS OF CHItJ>REN lly ROMANIA
(LIMITED BY GUARANTEE)
TRUSrE￿ ANNUAL REPORT AND FINANC￿ STATEMEN
FOR THE YEAR EYL DED 31 ocfoBER 2024
Charity Number . 1006753

COIYTENTS
Page No.
Legal and Administrative Information
Council of Managemenes Report
Independent Examine￿$ Report
ststement of Financial A¢ttvitieg
Balance Sheet
Notes to the Accounts
8&9

FRIENDS OF CHILDREN IN ROMANJA
(LI￿TED BY GUARANTEE)
DAre¢tors* Trnstees and
Counell of Management
Ms S Gibson
Th¢ Reverend Canon M J Lane
Miss Paula Wright
Ms S Gordon (from 26 February 2024)
During the year the following officer retired by rotation and
was re*elected -
Martin Lane
Cbarlty Name
Friends of a)ildren in Romania
Charity RegistrnlioD Number
1006753
Company R¢gistr4tion Number
2652481
Regtstered
Th¢ Vi¢arage
Bosham Lane
Bosham
Chichester
P018 8HX
Independent Examiner
Mrs Charlotte Pexton
5 Tuffs Hard
Bosham Hoe
Bosham
POI8 8ET
The day to day running of the project is delegated to a Manager in Romani& Mrs Beatrix Grigoras assisted by
Razv8n Lungu
Bankers
The Co-operative Bank
P.O.Box 250
Delf House
Southway
Skeknffsdale
WN8 6wr
{ i )

FRIENDS OF CHILDREN ROMANIA
(LllifrrED BY GUARAIYTEE)
COUNCIL OF MANAGEMENTS REPORT
The Council of Management present their r¢port and the accounts for the year ended 31 October 2024.
The fman¢ial sL1tements o)mply with the Charities Act 201 I, the Companies Act 2006. the Memorandum and
Arti¢les of Association and Accounting and Reporting by Charitie& Ststement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Fftnao¢ial Reporting Standard appli¢&ble
in the UK and Republic of Ireland (FRS 102) (2019).
Strllctur￿ GoverDan¢¢ and manage￿ellt
The company is a register&l Charity. liniited by guarantee. New directors are sugge*ed by the CA>uncil of
Managcment member& Their suitability is considered by the Council and then appointed. Any briefing of
future directors is the respon&bility of CA)uncil members.
RLsk MaDagemenl Statement
The directors have assessed the major risks to which the charity is expos¢d. in particular those r¢￿ted to the
operations and finances of the charity, and are satisfied that systems are in pia¢e to mitigat¢ any exposure to the
major risk&
Principal Aetivities and Objeetives
The charity applies income arising from donations for the charitsble purposes of relieving poverty and sicknes
advancing education and preserving health among children and adults of Romania. During the year the charity
continued to fund the children's homes and live& The dsrectors ¢onfm that they have had due regard to the
alarity Commi￿10n,$ guidance on public benefit and are satisfied that their aims and achievements stated below
me¢t these r¢quirements.
Aebfievements aDd PerfOrn￿nCe
The a)mmittee and Trustees are grateful to Paula Wright who has undertaken the role of book-keeper for the
Charity. The board were pleased to welcome Saleigh Gordon, a long-tern] wpporter of the charity, to the board
in February. Saleigh has agreed to undertake the roll of honorary fvndraiser for th¢ charity and will liaise with
Delia and the team in Romania.
Martin Lane continues to be in regular contact with Bety Grigoras and visited Harja in December 2023 and
September 2024. Saleigh Gordon visited the project in December 2023. Betty Grigoras and Razvan Lungu
Continue to provide excellent leadership. wpported by a committed #aff team.
During the year two children left the project to go to university. Their places were filled by four s￿1 ]ings in
October 2024. there are now fourteen children in the project's care. It is notsble that Bacau Child Protection
continue to value the work of the project and are content to entrust childrffl into our ca￿.
The children once again took an active part in the annual pie fe*ival in the summer and participated in the
ERAMUS project welcoming visitors to the project as part of this European initiative. A group of students from
Ireland also visited th¢ projpxt as a direct result of our children visiting Ireland on an ERASMUS project in
2023. The experience was uplifting for all those involved. The children also went on holiday in Romania during
the summer. the trust¢es are gr￿tful for the support of the local Mayor in providing funding for camping
equipment to enable this initiative.
{2)

FR￿NDs OF CHILDREN IN ROMANIA
(LIMITED BY GUARANTEE)
COUNCIL OF MANAGEMEN13 REPORT
(CoNT￿lED)
Finanelal Review
A generous legacy from th¢ late Margaret Goodfrllow provided some short-terni financial security. Incre￿d
donations and a rise in the value of investments during the year. has shown some recovery on the previous year.
However, the ¢ost of living h&$ impacted the charty. food costs have doubled. This has meant that reserves were
needed during the year in order to maintain our charitable objective& The charity will need to draw on its
reserves in the short terni. moving forward. in order to mainlain its day-to-day obje¢tiveA There is also a
planned increase in the basic minimum wage forecast by the Romani8n Government An 2025 which will impact
this next fman¢ial year.
It has been good to welcome Saleigh Gordon to the board who has ￿bmitted a number of grant applications
and is seeking ways to further improve the charity's income.
Reserves Poli¢y
The reserve fund represents the unre*icted funds arising from past operating result& Th¢ ¢harity retains the
general reserve in order to provide sufficient resources to enable the charty to continue to fund its activitie
The level of rvJerves is monitored and review￿ by the direetOTS each year.
Council of Man8gemeDt
The coun¢il members who served during the year are detailed on page l. In accordance with the Articles of
A￿￿¢lation member of the council retiring by rolation is Martin Lane who being eligible. offers himself for re-
election.
The council memb¢rs of the charitable company are its Directors and Trustees for the purpose of Company and
Charity Law.
Plan$ for Future Periods
The Council of Management is to ensure that the Children in our Care ¢ontinue to receive the love and support
akin to a nonnal family setting.
The Council continues to explore further funding streams to meet its objectives and day to day operational costs.

FRIENDS OF CHILDREN IN ROMAIYIA
(LIMrrED BY GUARANTEE)
COUNCIL OF MANAGEMKNTS REPORT
(CONTMJED)
ststement of the Dlreetors, RespoDsibllities
The trustees are respon￿￿￿ for preparing the amiual report and the fjnancial statements in a¢¢ordan¢e with
applicable law and regulation&
Company law requires the truthes to prepare fman¢ial statements for each fmancial year. Under that law the
directors have elected to prepare the fmancial #atements in accordance with United Kingdom Generally
Accepted AC￿Unting Prartirx (United Kingdom Accounting Standards and applicable Jaw). Under company
law the trustees must not approve the fmancial statements unless they are satisfKd that they give a true and fair
stste of affairs of the charitable company and the net income or expenditure of the charilable company for that
period. In preparing those f￿ancIal &alemen￿ the directorJ are required to;
Select suitable accounting policies and then apply them eonsistentty:
Make judgements aDd estimates that are re&8onable and prudenL and
Prepare the fman¢ial statements on the going concern basis unless it is inappropriale to presume
the charity will continue in busina%
The directors are respon&￿Ie for maintaining proper accounting records which disclos¢ with reasonable
accuracy at any time the f￿ancial position of the charity and enables them to ensure that the fmancial statements
comply with Companies Act 2006. The directors are also responsible for safeguarding the asq¢ts of the tharity
and hence for taking the reasonable steps for the detection of fraud and other irregulariti¢&
This report has been prepared in accordance with the Charities SORP (FRS 102) and in accordance with the
special Provisions for snall companies UDder part 15 of the Companies Act 2006.
The Revd Canon M J Lane
Director, Tru*e and C￿unCl1 Member
(4)

yDEPENDE￿ EXAMINER'S REPORT TO THE TRUSTELS
ON THE iJNAUDITED FINANCIAL sfATEMENTS OF
FRIENDS OF CHILDREN ROMANIA
I report on the a¢¢ounts of the Friends of Thildren in Romania for the year ended 31 October 2024 which are set
out on pages 6 to 9.
Respe¢tive RespoMibilities of Trustees aDd Exgmlner
As the ¢harity'S trustees of the Company (and also its directors for the purposes of company law) you are
respon￿1)le for the preparation of the accounts in ac¢ordanL% with the requirements of the Companies Act 2006
(lhe 2006 Act).
Having satisfied myself that the ac¢ounts of th¢ Company are not required to be audited under Part 16 of the
2006 Act and are eltgibl¢ for independent examination. I report in respect of my examination of your tharity's
ac¢ounts as Ca￿led out under section 145 of the Charities Act 2011 ('the 2011 Acfj. In carrying out my
examination I have followed the Directions given by the ￿arIty CAJmmission under s¢¢tion 145(5) (b) of the
2011 Act.
Independent examlner's Staten￿￿t
I have Completed my examination. I confmn that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting r¢¢ords were not kept in respect of the Company as required by sedion 386 of the 2006 A
or
the accounts do not accord with those record4 or
the a¢counts do not comply with the accounting requirements of section 396 of the 2006 Act oth¢r than
any requirement that the accounts give a 'tru¢ and fairf view which is not a Matter considered as part of an
independent examination: or
the accounts have not been prepared in ac¢ordance with the method$ and principles of the Statement of
Recommended Practice for accounting and reporting by charities (appltcable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland (FRS 102)).
I have no concerns and have come acro&8 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 Teathed.
Signed:
eel￿th
Mrs Charlotte Pexlon
5 Thffs Hard. Botham Hoe. Bosham POI 8 8ET
Date:
/*
lQ2S
(5)

FRIENDS OF CHitJ)REN IN ROIVIANIA
(LI￿ED BY GUARAF4TEE)
STATEMENT OF FINANc￿L ACThVlllFS
(INCLUDING INCOME AIW EXPEND￿ ACCOUIYTJ
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
2023
Unr¢stri¢ted
Fund$
Unre#rlcted
Funds
Income from:.
Donations and legacies
Investment income - Accumulation units
- Interest received
157,082
2.593
1.349
161.024
130,768
1,859
1,731
134,358
Total
Exp¢Ddlture on:.
Raising funds
Charitable activities
House running costs
Team Q)sts
Bank charges
Total
144.000
19.950
13
140,050
13,000
163.963
153,050
Net expenditure
(2.939)
(18,692)
Net gain￿(lO&ses) on inv¢stsn¢nts
21.660
2,693
Net movement En funds
18,721
(15,999)
RecoDeiliatioD of funds
Total funds brought fonvard
Total funds earried forward
148,931
167,652
164,930
148,931
(6)

Company Number: 2652481
FRIENDS OF CHILDREN Th RO]VIANIA
(LIMfTED BY GUARANTEE)
BAIANCE SHEET AS AT31 OCIDBER 2024
2024
2023
Notss
CurreDt assets
Cash at bank and in hand
Investhi¢nts
15.085
J 52,567
167.652
617
148.314
148.931
Total eurreDt a&qets
laabilities
Creditors amounts falling due
within one year
Net asgets
167,652
148,931
Tbe funds of the charity
Unrestricted funds
167,652
148.931
For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the
Companies Aet 2006 relating to smaEI companies.
The members hav¢ not required the ¢ompany to obtain an audit in accordance with sertion 476 of the
Companies Act 2006.
The directors acknowledge their responsibllities for complying with the requir¢ments of th¢ Act with respect to .
accounting r￿ordS and the preparation of aLYount&
These ac¢ounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies regime.
,-IW4TJ¥,,,,
Revd. Canon M J Lane
Director, Trustee and Council Member

FRIENDS OF CHILDREN lly ROMANIA
(L￿￿ED BY GUARANTEE)
NOTES TO ThE ACCOUNI
FOR THE YEAR EiYDED 31 OCTOBER 2024
i)
A¢counting polities
( a ) Basis of aeeounting
The financial statements have been prepared under the hi*ori¢al Cost ¢onvention as modified to
include inveslrnents at valuation, and in a¢¢ordan¢e with the second edition of th¢ ￿arItieS.
Statement of ReMmmended Pra¢ti¢¢ (i&wed in October 2019) , the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland (FRS 102). the Charities Act 201 l and the
Companies Act 2006.
Friends of Children in Romania meets the definition of a public benefit entity under FRS 102
( b ) Golng concerD
Th¢ trustees Consider that the￿ are no material uncertainties about the charity's ability to continue
as a going Concern.
( c ) Income aDd expenditure
Income
All of the income relates to the Principal activity 8nd is therefore deemed to be unrestricted.
In¢ome is recognised when the ¢harity has entitlement to funds any perfonnance conditions
attached to the items of income have been mel it is probable that the income will be received and
the aniount Can be measured reliably.
Legacies are recognised when the charity is advised by the personal representatives of an estate
that probate has been granted, that payment is probable and the amount can be quantifKd with
r￿onable certainty.
Expendlture
Expenditure is recognised once there is a legal or constructive obligation comjnitting the Charity
to that expenditure, it is probable that settlement wiEI be required and the amount of the obligation
¢an be measure reliably. Expenditure includes irrecoverable VAT. Where possible expeDditure
has been charged dire¢t to charitable expenditure. Where this is not possibl¢ the expenditure has
been 211o¢ated on the basis time spent by staff on each activity. Charitable expenditure Comprises
those costs incurred by the charity in the delivery of its activities and services for its beneficiarie&
Governance costs include those costs a￿CIated with meeting the constitutional and statutory
requirements of the charity and have been charged to charilable expenditure.

FRIENDS OF CHILDREN IN ROMANIA
(LIMrrED BY GUARANTEE)
(ANNUAL REPORT AND FINANCIAL sfATEMENIS)
NOTKS TO THE ACCOUNTS
FOR THE YEAR ENDED 31 ocfoBER 2024
(CONTINUED)
i)
A¢eounling policks (tonlinued)
{ d ) T2￿1b￿ rued asgets
Individual fued assets costing £1,000 or more are capitali￿d at cost and are depreciated over their
e#imated useful #onornic lives on a straight line basis as follow
ADDual rate
Awt Category
Plant & Equipment
25%
2)
InvestmeDts
2024
2023
Market value at 31 October 2023
Add: Dividends on accumulation ￿nd units
Purchased. at co
Le&8 sales proceeds
Gainl(loss) in year
Market value at 31 O¢tober 2024
148.314
2,593
143.762
1,859
(20,000)
21.660
152,567
2,693
148,314
Historical co& at 31 October 2024
87,045
110,705
The breakdown of the portfolio is as follows:
arities Aid Foundation - Fix¢d Interest Fund B Income
UK Equity Fund B Accumulation
Santander - OrdÉnary Shares
44.795
107.432
340
56.451
91,590
273
152.567
148,314
3)
Trustee eipeDSts and remuneratlon
None of the ￿UnCIl members received remuneration or reimbursal expenses for their services during the
period.
4)
al status
The Charity is a company limited by guarantee and has no share capital The liabilty of each member in
the event of winding up 1$ limited to £1.
(9)