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2023-03-31-accounts

Friends of TREAD (Charity 1081400) Statement of Financial Activities for the year ended 31st March 2023

Income

Income was slightly up compared to the previous year, although there have been some small changes in where money has been received from. Generally sources were up across the board, however the growth has slowed and is not in keeping with inflation.

Over the course of the year there has been some turnover in regular donors, this was expected and budgeted for, but far less than the previous year.

Being post pandemic allowed for more in person fundraising events.

There is a defunct Euro Bank account which is empty, which the trustee’s are attempting to close down.

As ever we are so grateful to our donors for their faithful support during a very difficult year. We are especially grateful to B & A Church Bristol, for all their support and to Jan Hillman for the Independent examination of the accounts.

Expenditure

This was the first full year post pandemic that all sites were open fully. In addition to all sites running costs, the first trustee visit since pre-pandemic happened.

Very little additional expenses were able to be incurred, due to the lack of additional incomes and projects running at planned levels.

Over the course of the year grants have moved to quarterly due to reduced fees.

Friends of TREAD and TREAD India are working together to ensure future expenditure plans, both for planned growth and no growth in income.

Page 1

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Note Unrestricted General
Funds £
Designated
Funds £
Restricted
Funds £
22/23
Total £
21/22 Total
£
INCOME AND ENDOWMENTS
Individual Donations 32039 0 8433 40472 39421
Churches and Schools 2400 0 0 2400 5000
Gift Aid Recovery 2 5477 0 1981 7458 3066
Other Trading Activities
Appeals and Fund-Raising
Events
3 2901 0 0 2901 2885
Investments
Bank Interest 0 0 0 0 0
Other income 0 0 0 0 0
Total Incoming Resources 42817 0 10414 53231 50372
EXPENDITURE
Grants to TREAD India Trust 4 -50183 0 -17887 -68070 -53119
Core salary to Director TREAD
India
0 0 0 0 -3972
UK Administration Costs 5 -3660 0 0 -3660 -416
Consultancy Fees (El
Shaddai)
0 0 0 0 0
Total Expenditure -53843 0 -17887 -71730 -57507
Incoming/(outgoing)
resources (Net)
-11026 0 -7473 -18499 -7135
Transfers between funds 6 -759 0 759 0 0
Net Resources from Financial
Year
-11785 0 -6714 -18499 -7135
Balance Brought Forward 1
April 2022
31,177 0 11,318 42,495 49,630
BALANCE CARRIED
FORWARD 31 MARCH 2023
19392 0 4,604 23996 42,495

Page 2

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Balance Sheet as at 31[st] March 2023

March 2023 March 2022

£

Current assets
Investments (short-term)
Cash at bank and in hand
Net assets
Represented by
Funds
Unrestricted funds:-
General funds
Restricted funds
Total funds
£0
£23,996
£23,996
£19,392
£4,604
£23,996
£0
£42,495
£42,495
£31,177
£11,318
£42,495

The financial statements on pages 1 to 7 were approved by the trustees on and signed on their behalf by:

Jerry Dart Chairman

Page 3

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Notes forming part of the financial statements for the year ended 31[st] March 2021

1. Principal Accounting Policies

2. Gift Aid Recovery on Individual Donations.

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total £
Orphan Assistance Programme (Vulnerable
Persons)
0 0 703 703 262
Trinity Day Care Centre, Kud. (TDCC) 0 0 1229 1229 524
One-off appeal 0 0 0 0 0
Development Fund 0 0 49 49 18
General Fund 5477 0 0 5477 2262
Total Gift Aid Recovery 5477 0 1981 7458 3066

Page 4

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

3. Appeals and fund-raising events

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total
£
Easy Fundraising and Amazon 193 0 0 193 0
Playground Appeal 0 0 0 0 1185
Christmas Gift Pledge 0 0 0 0 1700
Birthday Fundraiser 140 140
Summer Fundraiser (Tea Party) 773 0 0 773 0
Quiz Night 1795 0 0 1795
Total 2901 0 0 2901 2885

4. Grants to TREAD India Trust

Cost Lines Unrestricted
General Funds
£
Designated
Funds £
Restricted
Funds £
22/23 Total
£
21/22 Total
£
3.1 Development 0 0 -3480
3.6 Grace 0 0 0
3.7 Libray 0 0 0
3.8 Transport 0 0 -913
3.9 One off appeals 0 0 -2885
4.81 Appeal Top-up, One off requests -3000 -3000 -2032
4.72 Vulnerable Persons Salaries -1490 -1490 -1316
4.73 Vulnerable Persons support -1634 -1634 -2066
4.20 TDCC - Food & Hygiene -8297 -8297 -4388
4.21 TDCC - Admin & Ofce -166 -166 -101
4.22 TDCC - Utlities -224 -224 -207
4.23 TDCC - Staff Salaries -4638 -4638 -3072
4.24 TDCC - Travel -1428 -1428 -1083
4.25 TDCC - Children Support 0 -10
4.26 TDCC - Repairs and Maintance 0 0

Page 5

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

4.28 TDCC - Medication & First Aid -11 -11
4.30 Sarah - Food & Hygiene -7776 -7776 -4261
4.31 Sarah - Admin & Ofce -196 -196 -279
4.32 Sarah - Utlities -903 -903 -1417
4.33 Sarah - Staff Salaries -3361 -3361 -4419
4.34 Sarah - Travel -1307 -1307 -170
4.35 Sarah - Children Support -252 -252 0
4.56 Sarah - Repairs & Maintenace 0 -48
4.38 Sarah - Medication & First Aid -11 -11
4.40 David - Food & Hygiene -7141 -7141 -2817
4.41David - Admin & Ofce -301 -301 -114
4.42 David - Utlities -673 -673 -732
4.43 David - Staff Salaries -4396 -4396 -4419
4.44 David - Travel -737 -737 -310
4.45 David - Children Support -15 -15 0
4.46 David - Repairs & Maintenace -2 -2
4.47 David - Educational Supplies -11 -11
4.48 David - Medication & First Aid -13 -13
4.50 Hannah - Food & Hygiene -8435 -8435 -3717
4.51 Hannah - Admin & Ofce -157 -157 -98
4.52 Hannah - Utlities -545 -545 -675
4.53 Hannah - Staff Salaries -3498 -3498 -3368
4.54 Hannah - Travel -627 -627 -172
4.55 Hannah- Children Support -9 -9 0
4.56 Hannah - Repairs & Maintenace -313 -313 -3400
4.57 Hannah - Educational Supplies -5 -5
4.58 Hannah - Medication & First Aid -6 -6
0
4.70 Admin India -3290 -3290 –1150
4.71 Admin India Salaries -3203 -3203
Total Grants to TREAD India Trust -50183 0 -17887 -68070 -52606

Page 6

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

5. UK Administration Costs

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total £
Website support 0 0 0 0 0
Stationery and Postage 0 -8
Printing Christmas Cards 0 0
Card Reader 0 -23
Trustee Indemnity
Insurance
-320 0 0 -320 -320
QuickBooks Subscription -108 0 0 -108 -65
Bank Charges -12 0 0 -12 0
Trustee Visit to India -3220 0 0 -3220 0
Total Cost of Generating
Funds
-3660 0 0 -3660 -416

6. Transfer of Funds

When restricted funds go into minus figures, it is offset against general funds.

Payments to Trustees

No payments were made to trustees

Reasonable reimbursements for a trustee visit to India have been accounted for.

Page 7

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Independent examiner's report on the accounts

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report
Independent
examiner's statement
Friends of TREAD Friends of TREAD Friends of TREAD
31st March 2023 Charity
no(if any)
1081400
1-8
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31st March 2023
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination which gives me
cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130
of the Charities Act; or

the accounts did not accord with the accounting records; or

the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 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.
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: Date: Name: Relevant professional qualification(s) or body Address:

Page 8

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

FRIENDS OF Page 9 Friends of TREAD. 160a Gloucester Road. BS7 8NT- Charity No. 1081400- www.friendsoftread.o

FRIENDS OF -EAD Page 10 Friends of TREAD, 160a Gloucester Road. BS7 8NT- Charity No. 1081400- www.friendsoftread.o

Friends of TREAD (Charity 1081400) Statement of Financial Activities for the year ended 31st March 2023

Income

Income was slightly up compared to the previous year, although there have been some small changes in where money has been received from. Generally sources were up across the board, however the growth has slowed and is not in keeping with inflation.

Over the course of the year there has been some turnover in regular donors, this was expected and budgeted for, but far less than the previous year.

Being post pandemic allowed for more in person fundraising events.

There is a defunct Euro Bank account which is empty, which the trustee’s are attempting to close down.

As ever we are so grateful to our donors for their faithful support during a very difficult year. We are especially grateful to B & A Church Bristol, for all their support and to Jan Hillman for the Independent examination of the accounts.

Expenditure

This was the first full year post pandemic that all sites were open fully. In addition to all sites running costs, the first trustee visit since pre-pandemic happened.

Very little additional expenses were able to be incurred, due to the lack of additional incomes and projects running at planned levels.

Over the course of the year grants have moved to quarterly due to reduced fees.

Friends of TREAD and TREAD India are working together to ensure future expenditure plans, both for planned growth and no growth in income.

Page 1

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Note Unrestricted General
Funds £
Designated
Funds £
Restricted
Funds £
22/23
Total £
21/22 Total
£
INCOME AND ENDOWMENTS
Individual Donations 32039 0 8433 40472 39421
Churches and Schools 2400 0 0 2400 5000
Gift Aid Recovery 2 5477 0 1981 7458 3066
Other Trading Activities
Appeals and Fund-Raising
Events
3 2901 0 0 2901 2885
Investments
Bank Interest 0 0 0 0 0
Other income 0 0 0 0 0
Total Incoming Resources 42817 0 10414 53231 50372
EXPENDITURE
Grants to TREAD India Trust 4 -50183 0 -17887 -68070 -53119
Core salary to Director TREAD
India
0 0 0 0 -3972
UK Administration Costs 5 -3660 0 0 -3660 -416
Consultancy Fees (El
Shaddai)
0 0 0 0 0
Total Expenditure -53843 0 -17887 -71730 -57507
Incoming/(outgoing)
resources (Net)
-11026 0 -7473 -18499 -7135
Transfers between funds 6 -759 0 759 0 0
Net Resources from Financial
Year
-11785 0 -6714 -18499 -7135
Balance Brought Forward 1
April 2022
31,177 0 11,318 42,495 49,630
BALANCE CARRIED
FORWARD 31 MARCH 2023
19392 0 4,604 23996 42,495

Page 2

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Balance Sheet as at 31[st] March 2023

March 2023 March 2022

£

Current assets
Investments (short-term)
Cash at bank and in hand
Net assets
Represented by
Funds
Unrestricted funds:-
General funds
Restricted funds
Total funds
£0
£23,996
£23,996
£19,392
£4,604
£23,996
£0
£42,495
£42,495
£31,177
£11,318
£42,495

The financial statements on pages 1 to 7 were approved by the trustees on and signed on their behalf by:

Jerry Dart Chairman

Page 3

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Notes forming part of the financial statements for the year ended 31[st] March 2021

1. Principal Accounting Policies

2. Gift Aid Recovery on Individual Donations.

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total £
Orphan Assistance Programme (Vulnerable
Persons)
0 0 703 703 262
Trinity Day Care Centre, Kud. (TDCC) 0 0 1229 1229 524
One-off appeal 0 0 0 0 0
Development Fund 0 0 49 49 18
General Fund 5477 0 0 5477 2262
Total Gift Aid Recovery 5477 0 1981 7458 3066

Page 4

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

3. Appeals and fund-raising events

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total
£
Easy Fundraising and Amazon 193 0 0 193 0
Playground Appeal 0 0 0 0 1185
Christmas Gift Pledge 0 0 0 0 1700
Birthday Fundraiser 140 140
Summer Fundraiser (Tea Party) 773 0 0 773 0
Quiz Night 1795 0 0 1795
Total 2901 0 0 2901 2885

4. Grants to TREAD India Trust

Cost Lines Unrestricted
General Funds
£
Designated
Funds £
Restricted
Funds £
22/23 Total
£
21/22 Total
£
3.1 Development 0 0 -3480
3.6 Grace 0 0 0
3.7 Libray 0 0 0
3.8 Transport 0 0 -913
3.9 One off appeals 0 0 -2885
4.81 Appeal Top-up, One off requests -3000 -3000 -2032
4.72 Vulnerable Persons Salaries -1490 -1490 -1316
4.73 Vulnerable Persons support -1634 -1634 -2066
4.20 TDCC - Food & Hygiene -8297 -8297 -4388
4.21 TDCC - Admin & Ofce -166 -166 -101
4.22 TDCC - Utlities -224 -224 -207
4.23 TDCC - Staff Salaries -4638 -4638 -3072
4.24 TDCC - Travel -1428 -1428 -1083
4.25 TDCC - Children Support 0 -10
4.26 TDCC - Repairs and Maintance 0 0

Page 5

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

4.28 TDCC - Medication & First Aid -11 -11
4.30 Sarah - Food & Hygiene -7776 -7776 -4261
4.31 Sarah - Admin & Ofce -196 -196 -279
4.32 Sarah - Utlities -903 -903 -1417
4.33 Sarah - Staff Salaries -3361 -3361 -4419
4.34 Sarah - Travel -1307 -1307 -170
4.35 Sarah - Children Support -252 -252 0
4.56 Sarah - Repairs & Maintenace 0 -48
4.38 Sarah - Medication & First Aid -11 -11
4.40 David - Food & Hygiene -7141 -7141 -2817
4.41David - Admin & Ofce -301 -301 -114
4.42 David - Utlities -673 -673 -732
4.43 David - Staff Salaries -4396 -4396 -4419
4.44 David - Travel -737 -737 -310
4.45 David - Children Support -15 -15 0
4.46 David - Repairs & Maintenace -2 -2
4.47 David - Educational Supplies -11 -11
4.48 David - Medication & First Aid -13 -13
4.50 Hannah - Food & Hygiene -8435 -8435 -3717
4.51 Hannah - Admin & Ofce -157 -157 -98
4.52 Hannah - Utlities -545 -545 -675
4.53 Hannah - Staff Salaries -3498 -3498 -3368
4.54 Hannah - Travel -627 -627 -172
4.55 Hannah- Children Support -9 -9 0
4.56 Hannah - Repairs & Maintenace -313 -313 -3400
4.57 Hannah - Educational Supplies -5 -5
4.58 Hannah - Medication & First Aid -6 -6
0
4.70 Admin India -3290 -3290 –1150
4.71 Admin India Salaries -3203 -3203
Total Grants to TREAD India Trust -50183 0 -17887 -68070 -52606

Page 6

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

5. UK Administration Costs

Unrestricted
General
Funds £
Designated
Funds £
Restricted
Funds £
22/23 Total £ 21/22 Total £
Website support 0 0 0 0 0
Stationery and Postage 0 -8
Printing Christmas Cards 0 0
Card Reader 0 -23
Trustee Indemnity
Insurance
-320 0 0 -320 -320
QuickBooks Subscription -108 0 0 -108 -65
Bank Charges -12 0 0 -12 0
Trustee Visit to India -3220 0 0 -3220 0
Total Cost of Generating
Funds
-3660 0 0 -3660 -416

6. Transfer of Funds

When restricted funds go into minus figures, it is offset against general funds.

Payments to Trustees

No payments were made to trustees

Reasonable reimbursements for a trustee visit to India have been accounted for.

Page 7

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

Independent examiner's report on the accounts

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report
Independent
examiner's statement
Friends of TREAD Friends of TREAD Friends of TREAD
31st March 2023 Charity
no(if any)
1081400
1-8
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31st March 2023
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination which gives me
cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130
of the Charities Act; or

the accounts did not accord with the accounting records; or

the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 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.
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: Date: Name: Relevant professional qualification(s) or body Address:

Page 8

Friends of TREAD, 160a Gloucester Road, BS7 8NT - Charity No. 1081400 - www.friendsoftread.org

FRIENDS OF Page 9 Friends of TREAD. 160a Gloucester Road. BS7 8NT- Charity No. 1081400- www.friendsoftread.o

FRIENDS OF -EAD Page 10 Friends of TREAD, 160a Gloucester Road. BS7 8NT- Charity No. 1081400- www.friendsoftread.o

FRIENDS QF Independent examiner's report on the accounts Report to the tTUSteesl members of Friends of TREAD On accounts for the year ended 31# March 2023 Charity no Irf any) 10814(KI Set out on pages 1-71 I report to the trustees on my examination of the accounts of the above charity ("the Trusf} for the year ended 31° March 2023 As the charitys twstees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {-the Act-). I report in respect of my examination of the Trust's ac[￿untS (zrried out under seclion 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directiofjs given by the Charity Commission under section 145{5Kb) of the Act. Responsibilitles and basis of roport Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examinalion which gives me 12use to believe that in, any material respect: the accounting records were not kept in accordance wrth section 130 of the Charities Act," or the acC￿Unt5 did not accA)rd vitth the acujunting records" or the accounts did not comply with the applicable requirements con￿mIng the fO￿n and c()ntent of acwunts sel oul in (he Charities (Accx)unts and Reports) Regulations 2008 olher than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I hav8 no o]n¢*ms and have Ix)me across no other matters in connection wrth the examination to which attention should be drawn in this report in ord8r to enable a proper underslanding of the accounts to be reathed. Signed: Name: Releyant professional qualificationls) or body Frfends ot TREAD, 160a G1¢x￿ets Road, BS7 8NT. Chwity No. 1081400. y￿f[&