OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Friends Of Children In Romania

2025-10-31-accounts

Company Number: 2652481

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Charity Number : 1006753

----- Start of picture text -----
|||||| |---|---|---|---|---| |.| |__|FRIENDS OF CHILDREN IN ROMANIA| |.|(LIMITED BY GUARANTEE)||| |CONTENTS| |!|Page No.| |Legal|and|Administrative|Information|1| |:||| |Council|of Management's Report|2-4| |Independent Examiner's Report|5| |Statement of|Financial Activities|||6| ||| |Balance|Sheet|||7| |Notes|to|the|Accounts|8&9| ||| |;|

----- End of picture text -----

|

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

LEGAL AND ADMINISTRATIVE INFORMATION

Directors, Trustees and
CouncilofManagement MsS Gibson
The Reverend CanonM JLane
Miss Paula Wright
Ms S Gordon
During the year the following officer retired by rotation and
was re-elected -
Ms S Gordon
Charity Name Friends ofChildren in Romania
Charity Registration Number 1006753
Company Registration Number 2652481
Registered Office The Vicarage
Bosham Lane
Bosham
Chichester
PO18 8HX
Independent Examiner Mr Ian Pudney
28 Hawthorne Gardens
HAMBROOK
PO188FP

The day to day running of the project is delegated to a Manager in Romania, Mrs Beatrix Grigoras assisted by Razvan Lungu

Bankers The Co-operative Bank P.O.Box 250 Delf House Southway Skelmersdale WN8 6WT

(1)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

COUNCIL OF MANAGEMENTS REPORT

The Council of Management present their report and the accounts for the year ended 31 October 2025.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2019).

Structure, Governance and Management

The company is a registered charity, limited by guarantee. New directors are suggested by the Council of Management members. Their suitability is considered by the Council and then appointed. Any briefing of future directors is the responsibility of Council members.

Risk Management Statement

The directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate any exposure to the major risks.

Principal Activities and Objectives

The charity applies income arising from donations for the charitable purposes of relieving poverty and sickness, advancing education and preserving health among children and adults of Romania. During the year the charity continued to fund the children's homes and lives. The directors confirm that they have had due regard to the Charity Commission's guidance on public benefit and are satisfied that their aims and achievements stated below meet these requirements.

Achievements and Performance

The Committee and Trustees are grateful to Paula Wright who has undertaken the role of book-keeper for the Charity. Members of the board continue to be in regular contact with the team in Romania.

Martin Lane visited Harja in December 2024 and August 2025 accompanied by one of the charity's corporate benefactors. Betty Grigoras and Razvan Lungu continue to provide excellent leadership, supported by a committed staff team.

During the year one child left the project. Their are now thirteen children in the project’s care. It is notable that Bacau Child Protection continue to value the work of the project and are content to entrust children into our care.

The children once again took an active part in the pie festival in the summer which was a more localised event. They also participated in the ERAMUS project welcoming visitors to the project as part of this European initiative from seven countries. The experience was formative for all those involved. The children also went on holiday in Romania during the summer, and enjoyed various day trips. The trustees are grateful for the support of our sponsors both in the UK and Romania for their support of such intiatives.

(2)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

COUNCIL OF MANAGEMENTS REPORT (CONTINUED)

Financial Review

Although there has been some inprovement on the value of our investments. The trustees needed to withdraw funds from reserves in to order to support our charitble objectives in Romania.

The charity, once again, will need to draw on its reserves in the short term, in order to maintain its day-to-day objectives. There is also a planned increase in the basic minimum wage forecast by the Romanian Government in 2026 which will impact this next financial year.

The trustees have actively sought to consider how costs can be reduced, whilst maintaining our objectives in Romania. A number of corporate sponsors have also been approached during this year for support. It is hoped that this will improve the forcast in the forthcoming financial year.

Reserves Policy

The reserve fund represents the unrestricted funds arising from past operating results. The charity retains the general reserve in order to provide sufficient resources to enable the charity to continue to fund its activities. The level of reserves is monitored and reviewed by the directors each year.

Council of Management

The council members who served during the year are detailed on page 1. In accordance with the Articles of Association member of the council retiring by rotation is Saleigh Gordon who being eligible, offers herself for re-election.

The council members of the charitable company are its Directors and Trustees for the purpose of Company and Charity Law.

Plans for Future Periods

The Council of Management is to ensure that the children in our care continue to receive the love and support akin to a normal family setting.

The Council continues to explore further funding streams to meet its objectives and day to day operational costs.

(3)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

COUNCIL OF MANAGEMENTS REPORT (CONTINUED)

Statement of the Directors' Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair state of affairs of the charitable company and the net income or expenditure of the charitable company for that period. In preparing those financial statements, the directors are required to;

The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence for taking the reasonable steps for the detection of fraud and other irregularities.

This report has been prepared in accordance with the Charities SORP (FRS 102) and in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

Approved by the Council of Management and signed on its behalf on Ha—_—loraunrr 026

The Revd Canon M J Lane Director, Trustee and Council Member

(4)

°

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

ON THE UNAUDITED FINANCIAL STATEMENTS OF FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

I report on the accounts of the Friends of Children in Romania for the year ended 31 October 2025 which are set out on pages 6 to 9,

Respective Responsibilities of Trustees and Examiner

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. J confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across 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 reached.

Signed: MN ba. Mr Ian Pudney 28 Hawthorne Gardens HAMBROOK PO18 8FP

----- Start of picture text -----
Date: 96 /. [/] /26
----- End of picture text -----

(5)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2025

2025 2024
Unrestricted Unrestricted
Funds Funds
£ £ £ £
Income from:-
Donationsand legacies 139,224 157,082
Investment income - Accumulation units 2,957 2,593
- Interestreceived 670 1,349
Total 142,850 161,024
Expenditure on:-
Raising funds - -
Charitable activities
Houserunning costs 167,000 144,000
TeamCosts 12,000 19,950
Bankcharges - 13
Total 179,000 163,963
Netexpenditure (36,150) (2,939)
Netgains/(losses)on investments 9,916 21,660
Netmovementinfunds (26,234) 18,721
Reconciliation of funds
Total funds brought forward 167,652 148,931
Totalfundscarriedforward 141,418 167,652

(6)

Company Number: 2652481

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 OCTOBER 2025

2025 2024
Notes £ £
Current assets
Cash at bank and in hand 978 15,085
Investments 2 140,439 152,567
Total current assets 141,418 167,652
Liabilities
Creditorsamounts falling due
within one year - -
Net assets 141,418 167,652
The fundsofthe charity
Unrestrictedfunds 141,418 167,652

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ay oe Revd. Canon M J Lane Director, Trustee and Council Member

(7)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025

Friends of Children in Romania meets the definition of a public benefit entity under FRS 102

(c) Income and expenditure

Income

All of the income relates to the principal activity and is therefore deemed to be unrestricted. Income is recognised when the charity has entitlement to funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount 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 quantified with reasonable certainty.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measure reliably. Expenditure includes irrecoverable VAT. Where possible expenditure has been charged direct to charitable expenditure. Where this is not possible the expenditure has been allocated 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 beneficiaries. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and have been charged to charitable expenditure.

(8)

FRIENDS OF CHILDREN IN ROMANIA (LIMITED BY GUARANTEE) (ANNUAL REPORT AND FINANCIAL STATEMENTS) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 (CONTINUED)

1) Accounting policies (continued)

(d) Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

2)

Annual rate
Asset Category
Plant& Equipment 25%
Investments 2025 2024
£ £
Market value at31 October 2024 152,567 148,314
Add: Dividends on accumulation fund units 2,957 2,593
Purchased, at cost - -
Less sales proceeds (25,000) (20,000)
Gain/(loss) in year 9,916 21,660
Market value at31 October 2025 140,439 152,567
Historical cost at 31 October 2025 58,314 87,045
Thebreakdown ofthe portfolio is as follows:
Charities Aid Foundation - Fixed Interest Fund BIncome 21,439 44,795
UK Equity Fund BAccumulation 118,323 107,432
Santander - Ordinary Shares 678 340
140,439 152,567

3) Trustee expenses and remuneration

None of the council members received remuneration or reimbursed expenses for their services during the period.

4) Legal status

The Charity is a company limited by guarantee and has no share capital The liability of each member in the event of winding up is limited to £1.

(9)