60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
## 22.12.2023
## **Trustees Report (2022 – 2023)**
## **1. Objectives and Activities**
Friendship Zone main objectives are promotion of equality and diversity for the public benefit by advancing education and raising awareness in equality and diversity.
Our main activity is running and managing a community and training centre in town centre of Northampton.
As always, we are continuing to enjoy the patronage of AEP UK Ltd, enabling us to develop our services and low cost rent of premises to like minded organisations at 60 Gold Street, Northampton.
Friendship Zone had demonstrated and still demonstrates to the world that hard work and an innovative approach can be the basis for unparalleled success. Friendship Zone has proven that an innovative business model based upon a firm belief in its services can outperform bigger competitors.
## **2. Achievements and Performance**
In overall during last financial year income generated by the rental revenues continued to improve to secure our charity self-sufficient future.
The number of people benefiting from our superbly located community and training centre, which houses like minded organisations providing various types of community beneficial services reached thousands. It is an excellent example of how a registered charity can survive without asking for money, but earning it by providing cost effective services for the benefit of the community.
We continue to enjoy the tenancy of Diversiti Training in our training centre. Diversiti Training sees hundreds of people to take part in, or enquire about the training programs and support they offer. Other tenants residing at our community and training centre offer community beneficial services of the following kind: music therapy, helping disabled people into employment and training, improving personal health, employment and recruitment services, support of people in third countries through trade, variety of medical and aesthetic improvement services, variety of health educational services/trainings and children presents supply.
One of the strategic avenues taken by Friendship Zone during last financial year was to expand its portfolio of community venues. Friendship Zone has secured tenure of an unused public house The Black Horse in Cold Ashby, which it has started offering to rent on daily basis to general public as a community venue for community gatherings i.e. birthday parties, weddings etc, with midterm objective to offer food cooking services a la pub. Unfortunately this specific project has failed and Friendship Zone has decided to discontinue it.
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
Another event which took place during 2022 was breaking of the war in Ukraine. The war has profoundly touched and affected the management of Friendship Zone which has lead to the following actions taken by our charity:
1. Sourcing and donating humanitarian aid for people of Ukraine delivered directly to Ukraine
2. Sponsoring production and translation into English of another Hej Sokoly song, which has become a rallying call for people of Ukraine and performed by a Ukrainian refugee in the UK Anna Merchuk - https://www.youtube.com/watch?v=HAy9BoTNnSo
3. Application for temporary change of use planning permission to facilitate Friendship Zone cooperation with the Home Office via Homes for Ukraine Scheme. Friendship Zone objective is to convert ground floor of The Black Horse community venue into liveable accommodation suitable to save families from Ukraine. The initial planning application has been rejected, so Friendship Zone has appealed.
4. Friendship Zone has helped numerous refugees from Ukraine to find jobs in the UK and help them to integrate into British society in general.
5. As The Ukraine Appeal has received its charitable status Friendship Zone has narrowed down its activities to distributing its surpluses to other registered charities, subject to affordability level, as well as considering and implementation of other innovative projects. During last financial year Friendship Zone has spent in excess of 3000£ towards projects advancing Ukrainian charitable causes.
## **3. Financial Review**
## **General**
The trustees have agreed and as described above last financial year achievements and performance were moderately successful, however the profit and loss accounts have been affected by the write off of a historical project Third Wold TrAid, as well as write offs of un-received rent from those clients who unfortunately did not survive the Covid19 pandemic and left our premises, which has affected the balance sheet.
## **Reserves**
While Friendship Zone prefers to have financial reserves, the current financial situation does not allow us to do so. One of the main reasons for that is the cost of life crisis, namely high energy resources and other ongoing property maintenance costs.
## **Going Concern**
The trustees believe that there’s no going concern risk and as always we are extremely proud of our achievements over the last year and were excited to see our projects continue to grow over the past twelve months. We sincerely hope to be able to build on achievements and expand our services in the next financial year.
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
## **Related Party Disclosures**
The following related party transactions are as below:
- AEP Ltd is a company that owns 60 Gold Street & The Black Horse and is wholly owned by Pavels Kuznecovs.
- Third World Traid Ltd is a trading company is currently a tenant of Friendship Zone, sole director of which is Jelena Zarinova, takeover of which was facilitated by Friendship Zone back in 2016
The following of the transactions and the amounts involved;
1. AEP Ltd Charged £19.5k for annual rent of 60 Gold Street to Friendship Zone. This was discounted from £26k to help Friendship Zone cashflow.
2. AEP Ltd Charged £1.2k for annual rent of The Black Horse to Friendship Zone. This was discounted from £12k, as a recognition of difficulties experienced by the project in Cold Ashby and initiated building/renovation work at the site, which has been funded by AEP UK LTD.
3. Pavels Kuznecovs was charged £6k for annual rent of part of The Black Horse to Friendship Zone. 4. Friendship Zone wrote-off a part of historical loan of £14k to Third World Traid Ltd, a company controlled by one of the trustees of Friendship Zone. That has allowed Third World TrAid to proceed further with its low level business activities without being burden by a historical loan amount.
## **4. Structure, Governance and Management**
## **Friendship Zone is incorporated charitable organisation governed by its constitution dated 2008.**
## **5. Reference and Administrative Details**
There are currently 3 trustees/directors:
Pavels Kuznecovs
Jelena Zarinova
Dmitrij Gurov
( ) ( ) ( )
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
> **Report to the trustees Friendship Zone Limited**
> **On accounts for the year 30[th] April 2023 Charity no 1124724 ended**
> **Set out on pages This page only**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/04/2023.
## **Responsibilities and basis of report**
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.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** 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:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**Address:**||**09/01/2024**|
|---|---|---|
||||
||**Paul Connolly, FCCA.**||
||||
||**The Association of Chartered Certified Accountants**||
||||
||**Moulton Park Business Centre,**
**Redhouse Road,**
**Northampton,**
**NN3 6AQ.**||
## _THE HYAMS GROUP LTD: TAX & ACCOUNTING_
LICENSED ACCOUNTANT & TAX AGENT
Mr Pavels KUZNECOVS 60 Gold Street Northampton NN1 1RS FRIENDSHIP ZONE LIMITED
05 January 2024
Dear Pavels,
## **Accounts for Period ended 30/04/2023**
Please find attached final accounts for FRIENDSHIP ZONE LIMITED for the period ended 30/04/2023 [including abbreviated accounts if appropriate].
Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
Julia Hyams
46 St. Leonards Road, Northampton, NN4 8DP TELEPHONE: 01604355 766 MOB: 07810318884 E-mail: julia@thehyamsgroup.com Licence AAT 8215
## **FRIENDSHIP ZONE LIMITED**
**Company No. 06556556**
**Unaudited Accounts 30 April 2023**
**FRIENDSHIP ZONE LIMITED Contents**
||Page|
|---|---|
||Numbers|
|Company Information|2|
|Directors' Report|3|
|Accountant's Report|4|
|Income & Expenditure Account|5|
|Balance Sheet|6 to|
Page 1
**FRIENDSHIP ZONE LIMITED Company Information**
## **Directors**
D. GUROV
P. KUZNECOVS
J. Zarinova
## **Company Secretary**
P. KUZNECOVS
## **Registered Office**
60 Gold Street Northampton NN1 1RS
## **Accountants**
The Hyams Group LTD 46 St. Leonard Road Far Cotton Northampton NN4 8DP
Page 2
**FRIENDSHIP ZONE LIMITED**
## **Accountants Report**
## **Accountant's Report to the Board of Directors of FRIENDSHIP ZONE LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 April 2023**
In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the accounts of FRIENDSHIP ZONE LIMITED for the year ended 30 April 2023 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
You consider that the company is exempt from an audit for the year ended 30 April 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its deficit for the year then ended.
We have not carried out an audit or a review of the accounts of FRIENDSHIP ZONE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
The Hyams Group LTD Accountants 46 St. Leonard Road Far Cotton
Northampton NN4 8DP 22 December 2023
Page 3
**FRIENDSHIP ZONE LIMITED Income and Expenditure Account**
## **for the year ended 30 April 2023**
|**for the year ended 30 April 2023**|||
|---|---|---|
|Turnover
Cost of raw materials and consumables
Depreciation and other amounts written off assets
Other charges
Deficit before tax for the financial year
Tax
**Deficit for the financial year**|**2023**|**2022**|
||**£**|**£**|
||62,911
(62,033)
(881)
(19,438)
(19,441)
-
(19,441)|71,412
(79,968)
(655)
(6,466)|
|||(15,677)
-|
|||(15,677)|
## P Kuznecovs
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 4
**FRIENDSHIP ZONE LIMITED Balance Sheet**
|**FRIENDSHIP ZONE LIMITED**
**Balance Sheet**|||
|---|---|---|
|**at 30 April 2023**
**Company No.**
**06556556**
Fixed assets
Current assets
Creditors: Amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
**Reserves**
**NOTES TO THE ACCOUNTS**|**2023**
**£**
4,622
1,989
(4,448)
(2,459)
2,163
(11,100)
(8,937)
(8,937)|**2022**
**£**
2,678
26,660
(5,084)|
|||21,576|
|||24,254|
|||(13,750)|
|||10,504|
||||
|||10,504|
||||
- 1 **Basis of preparation**
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 - The Financial Reporting Standard applicable to the Micro-entities Regime (March 2018).
## 2 **Employees**
|**Employees**|||
|---|---|---|
||**2023**|**2022**|
||**Number**|**Number**|
|The average monthly number of employees (including|0|0|
|directors) during the year was:|||
## 3 **Additional information**
FRIENDSHIP ZONE LIMITED is a private company limited by guarantee and incorporated in England and Wales.
Its registered number is: 06556556
Its registered office is:
60 Gold Street
Northampton
NN1 1RS
An independent examination was undertaken by The Tax Shop Group Ltd who charged a fee of £375 + VAT Related Party Transactions:
A.E.P. UK Ltd, a company controlled by a director, charged the company £19.5k for annual rent during the year.
A.E.P UK Ltd also charged the company £1.2k for annual rent for a community project property "The Black Horse" during the year. Friendship Zone Limited wrote-off an old debt of £14k owed by Third World Traid Ltd, a company currently controlled by one of the directors of Friendship Zone Limited
For the year ended 30 April 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Page 5
**FRIENDSHIP ZONE LIMITED Balance Sheet**
The accounts were approved by the board of directors on 22 December 2023 and signed on its behalf by:
## P Kuznecovs
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
P. KUZNECOVS - Director
Page 6
**FRIENDSHIP ZONE LIMITED Detailed Balance Sheet Notes**
## **for the year ended 30 April 2023**
|1
**Fixed assets**
Tangible fixed assets
2
**Tangible fixed assets**
**Cost**
At 1 May 2022
Additions
At 30 April 2023
**Depreciation**
At 1 May 2022
Charge for the year
At 30 April 2023
**Net book values**
At 30 April 2023
At 30 April 2022
3
**Current assets**
Cash at bank and in hand
Trade debtors
Other debtors
4
**Creditors:**
amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Taxes and social security
5
**Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts|**2023**
**£**
4,622|**Fixtures,**
**fittings and**
**equipment**
**£**
7,437
2,825|**2022**
**£**
2,678|
|---|---|---|---|
||4,622||2,678|
||**2023**
**£**||**Total**
**£**
7,437
2,825|
|||10,262|10,262|
|||4,759
881||
||||4,759|
||||881|
|||5,640|5,640|
|||4,622|4,622|
|||2,678|2,678|
||||**2022**
**£**|
||798||979|
||1,191
-||14,458
11,223|
||1,989||26,660|
|||||
||**2023**
**£**||**2022**
**£**|
||4,000||4,000|
||84
364||-
1,084|
||4,448||5,084|
||**2023**
**£**
11,100||**2022**
**£**
13,750|
||11,100||13,750|
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 7
**FRIENDSHIP ZONE LIMITED Detailed Balance Sheet Notes**
6 **Reserves**
||**Income and**||
|---|---|---|
||**Expenditure**||
||**account**||
||**£**||
|At 1 May 2022|10,504||
|Deficit for the period|(19,441)||
|At 30 April 2023|(8,937)||
||P Kuznecovs||
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 8
**FRIENDSHIP ZONE LIMITED**
## **Detailed Income and Expenditure Account**
## **for the year ended 30 April 2023**
|**Turnover**
**Cost of raw materials and consumables**
Direct premises costs
Sub-contractor costs
**Depreciation and other amounts written off assets**
Depreciation of fixtures, fittings and
equipment
**Other charges**
Selling and marketing costs
Website costs
Motor and travel costs
Vehicles - Fuel
Travel and subsistence
Premises costs
Rates
General administrative costs
Bad debts
Charitable donations
Software, IT support and related costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
**Total Other charges**
**Deficit before tax for the financial year**|**2023**|**2022**|
|---|---|---|
||**£**|**£**|
||62,911|71,412|
||40,277
21,756
62,033
881
881
19,438
-
-
-
1,127
1,127
714
714
14,069
-
167
-
66
815
547
15,664
1,933
-
1,933
19,438
(19,441)
P Kuzneco|76,201
3,767|
|||79,968|
|||655|
|||655|
|||6,466
76|
|||76|
|||265
616|
|||881|
|||-|
|||-|
|||-
1,000
-
137
57
1,668
-|
|||2,862|
|||1,457
1,190|
|||2,647|
||||
||||
|||6,466|
||||
|||(15,677)|
|||vs|
P Kuznecovs
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 9
**FRIENDSHIP ZONE LIMITED Detailed Income and Expenditure Account**
Page 10
## **FRIENDSHIP ZONE LIMITED**
**Company No. 06556556**
**Unaudited Accounts 30 April 2023**
**FRIENDSHIP ZONE LIMITED Balance Sheet Registrar**
## **at 30 April 2023 Company No. 06556556**
|**at 30 April 2023**|||
|---|---|---|
|**Company No.**
**06556556**
Fixed assets
Current assets
Creditors: Amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
**Reserves**|**2023**
**£**
4,622
1,989
(4,448)
(2,459)
2,163
(11,100)
(8,937)
(8,937)|**2022**
**£**
2,678
26,660
(5,084)|
|||21,576|
|||24,254|
|||(13,750)|
|||10,504|
||||
|||10,504|
## **NOTES TO THE ACCOUNTS**
- 1 **Basis of preparation**
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 - The Financial Reporting Standard applicable to the Micro-entities Regime (March 2018).
## 2 **Employees**
|**Employees**|||
|---|---|---|
||**2023**|**2022**|
||**Number**|**Number**|
|The average monthly number of employees (including|0|0|
|directors) during the year was:|||
- 3 **Additional information**
FRIENDSHIP ZONE LIMITED is a private company limited by guarantee and incorporated in England and Wales.
Its registered number is: 06556556
Its registered office is:
60 Gold Street
Northampton
## NN1 1RS
An independent examination was undertaken by The Tax Shop Group Ltd who charged a fee of £375 + VAT Related Party Transactions:
A.E.P. UK Ltd, a company controlled by a director, charged the company £19.5k for annual rent during the year.
A.E.P UK Ltd also charged the company £1.2k for annual rent for a community project property "The Black Horse" during the year. Friendship Zone Limited wrote-off an old debt of £14k owed by Third World Traid Ltd, a company currently controlled by one of the directors of Friendship Zone Limited
For the year ended 30 April 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
P Kuznecovs
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 1
**FRIENDSHIP ZONE LIMITED**
**Balance Sheet Registrar**
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.
The accounts were approved by the board of directors on 22 December 2023 and signed on its behalf by:
P. KUZNECOVS
P. KUZNECOVS - Director
## P Kuznecovs
P Kuznecovs (Jan 5, 2024 15:23 GMT+1)
Page 2
60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
## 22.12.2023
## **Trustees Report (2022 – 2023)**
## **1. Objectives and Activities**
Friendship Zone main objectives are promotion of equality and diversity for the public benefit by advancing education and raising awareness in equality and diversity.
Our main activity is running and managing a community and training centre in town centre of Northampton.
As always, we are continuing to enjoy the patronage of AEP UK Ltd, enabling us to develop our services and low cost rent of premises to like minded organisations at 60 Gold Street, Northampton.
Friendship Zone had demonstrated and still demonstrates to the world that hard work and an innovative approach can be the basis for unparalleled success. Friendship Zone has proven that an innovative business model based upon a firm belief in its services can outperform bigger competitors.
## **2. Achievements and Performance**
In overall during last financial year income generated by the rental revenues continued to improve to secure our charity self-sufficient future.
The number of people benefiting from our superbly located community and training centre, which houses like minded organisations providing various types of community beneficial services reached thousands. It is an excellent example of how a registered charity can survive without asking for money, but earning it by providing cost effective services for the benefit of the community.
We continue to enjoy the tenancy of Diversiti Training in our training centre. Diversiti Training sees hundreds of people to take part in, or enquire about the training programs and support they offer. Other tenants residing at our community and training centre offer community beneficial services of the following kind: music therapy, helping disabled people into employment and training, improving personal health, employment and recruitment services, support of people in third countries through trade, variety of medical and aesthetic improvement services, variety of health educational services/trainings and children presents supply.
One of the strategic avenues taken by Friendship Zone during last financial year was to expand its portfolio of community venues. Friendship Zone has secured tenure of an unused public house The Black Horse in Cold Ashby, which it has started offering to rent on daily basis to general public as a community venue for community gatherings i.e. birthday parties, weddings etc, with midterm objective to offer food cooking services a la pub. Unfortunately this specific project has failed and Friendship Zone has decided to discontinue it.
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
Another event which took place during 2022 was breaking of the war in Ukraine. The war has profoundly touched and affected the management of Friendship Zone which has lead to the following actions taken by our charity:
1. Sourcing and donating humanitarian aid for people of Ukraine delivered directly to Ukraine
2. Sponsoring production and translation into English of another Hej Sokoly song, which has become a rallying call for people of Ukraine and performed by a Ukrainian refugee in the UK Anna Merchuk - https://www.youtube.com/watch?v=HAy9BoTNnSo
3. Application for temporary change of use planning permission to facilitate Friendship Zone cooperation with the Home Office via Homes for Ukraine Scheme. Friendship Zone objective is to convert ground floor of The Black Horse community venue into liveable accommodation suitable to save families from Ukraine. The initial planning application has been rejected, so Friendship Zone has appealed.
4. Friendship Zone has helped numerous refugees from Ukraine to find jobs in the UK and help them to integrate into British society in general.
5. As The Ukraine Appeal has received its charitable status Friendship Zone has narrowed down its activities to distributing its surpluses to other registered charities, subject to affordability level, as well as considering and implementation of other innovative projects. During last financial year Friendship Zone has spent in excess of 3000£ towards projects advancing Ukrainian charitable causes.
## **3. Financial Review**
## **General**
The trustees have agreed and as described above last financial year achievements and performance were moderately successful, however the profit and loss accounts have been affected by the write off of a historical project Third Wold TrAid, as well as write offs of un-received rent from those clients who unfortunately did not survive the Covid19 pandemic and left our premises, which has affected the balance sheet.
## **Reserves**
While Friendship Zone prefers to have financial reserves, the current financial situation does not allow us to do so. One of the main reasons for that is the cost of life crisis, namely high energy resources and other ongoing property maintenance costs.
## **Going Concern**
The trustees believe that there’s no going concern risk and as always we are extremely proud of our achievements over the last year and were excited to see our projects continue to grow over the past twelve months. We sincerely hope to be able to build on achievements and expand our services in the next financial year.
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
60 Gold Street Northampton NN1 1RS Registered Charity No: 1124724 Company Number: 6556556
## **Related Party Disclosures**
The following related party transactions are as below:
- AEP Ltd is a company that owns 60 Gold Street & The Black Horse and is wholly owned by Pavels Kuznecovs.
- Third World Traid Ltd is a trading company is currently a tenant of Friendship Zone, sole director of which is Jelena Zarinova, takeover of which was facilitated by Friendship Zone back in 2016
The following of the transactions and the amounts involved;
1. AEP Ltd Charged £19.5k for annual rent of 60 Gold Street to Friendship Zone. This was discounted from £26k to help Friendship Zone cashflow.
2. AEP Ltd Charged £1.2k for annual rent of The Black Horse to Friendship Zone. This was discounted from £12k, as a recognition of difficulties experienced by the project in Cold Ashby and initiated building/renovation work at the site, which has been funded by AEP UK LTD.
3. Pavels Kuznecovs was charged £6k for annual rent of part of The Black Horse to Friendship Zone. 4. Friendship Zone wrote-off a part of historical loan of £14k to Third World Traid Ltd, a company controlled by one of the trustees of Friendship Zone. That has allowed Third World TrAid to proceed further with its low level business activities without being burden by a historical loan amount.
## **4. Structure, Governance and Management**
## **Friendship Zone is incorporated charitable organisation governed by its constitution dated 2008.**
## **5. Reference and Administrative Details**
There are currently 3 trustees/directors:
Pavels Kuznecovs
Jelena Zarinova
Dmitrij Gurov
( ) ( ) ( )
info@friendship-zone.com
www.friendship-zone.com
Tel: 07939597604
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
> **Report to the trustees Friendship Zone Limited**
> **On accounts for the year 30[th] April 2023 Charity no 1124724 ended**
> **Set out on pages This page only**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/04/2023.
## **Responsibilities and basis of report**
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.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** 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:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**Address:**||**09/01/2024**|
|---|---|---|
||||
||**Paul Connolly, FCCA.**||
||||
||**The Association of Chartered Certified Accountants**||
||||
||**Moulton Park Business Centre,**
**Redhouse Road,**
**Northampton,**
**NN3 6AQ.**||