DocuSign Envelope ID: 8DA59FC6-FC4E-4EE9-BB7F-57403D799412
Registered number: 7114723 Charity number: 1134995
FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
DocuSign Envelope ID: 8DA59FC6-FC4E-4EE9-BB7F-57403D799412
FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 - 2 |
| Trustees' Report | 3 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 19 |
DocuSign Envelope ID: 8DA59FC6-FC4E-4EE9-BB7F-57403D799412
FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
Kristin de Backer Deirdre Cregan Chris Delicata Anne-Marie Felton Deirdre Kyne-Grzebalski Prof Regina Wredling RN, Dr Med Sc
Company registered number
7114723
Charity registered number
1134995
Registered office
37 Earls Drive Newcastle upon Tyne NE15 7AL
Accountants
Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Bankers
Barclays Bank plc Leicester
Close Brothers Savings 10 Crown Place London
Members of the Executive Committee
Kristin de Backer (Chairman) Rita Forde (Secretary) Anne-Marie Felton (President) Ana Paiva (Membership Secretary) Deidre Kyne-Grzebalski (Treasurer) Davide Ausili Arja Halkeaho Eugenia Viachou Rahab Hashim
Abstract Committee
Unn-Britt Johansson
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Special Advisors
Els Denis RN Prof Sally Marshall BSc MB MD Assoc Prof Seyda Ozcan RN PhD Prof Regina Wredling RN, Dr Med Sc
Honorary Members
Deirdre Cregan Dr Michael Hall Sue Hamilton Stina Wallenkrans Prof Regina Wredling RN, Dr Med Sc
EDN Journal Editor
Davide Ausili
Website
www.fend.org
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements of the charity for the year 1 January 2021 to 31 December 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The objects for which FEND is established are:
• to promote for the public benefit improvements in the health and treatment of sufferers from diabetes by the development and promotion of the role of the diabetes nurse specialist throughout Europe: and
• to promote, for the public benefit, the education and training of nurses working in diabetes care throughout Europe by the development and support of training programmes, including the organisation of conferences and symposia, to further such programmes and the dissemination of information relating to the proceedings at such conferences or symposia.
Achievements and performance
Main achievements of the charity
Professional support
An Annual Conference is organised over two days providing up to date information on all aspects of diabetes. For the last two years we have held a Virtual Conference.
The European Nurses Diabetes Collaborative Universities Programme (ENDCUP) is provided for nurses from the whole of Europe. It is accredited by King's College University and funded by FEND. In 2022, 20 students will be supported through an MSc program at the cost of £80,000.
FEND is in the process of setting up an Online Journal, providing the opportunity for Nurses working in Diabetes to publish their work and share ideas and initiatives.
FEND is also supporting two further PhD Fellowships at a cost of £100,000 per year.
Public good
FEND continues to collaborate with Pan European organisations including International Federation Europe(IDF) and as an equal partner in the European Coalition on Diabetes (ECD).
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Achievements and performance (continued)
FEND continues with plans to work with Kings College University to establish "the FEND European Education Unit" in the hear future.
Financial review
Financial overview
The charity's incoming resources decreased from £151,431 to £85,065. Total resources expended increased from £94,411 to £221,104. Net outgoing resources for the year amounted to £136,039 (2020 - net incoming resources: £57,020).
The trustees carry out an annual review of the level of income reserves which they feel is appropriate to maintain in order to meet the charity's objectives effectively. The charity held fund balances at the year end of £1,206,882, all of which were unrestricted funds and held in forms considered appropriate to the charitable company's activities and future commitments.
Reserves policy
The Foundation of European Nurses in diabetes takes a 3 year forward view based upon the committed expenditure on Phd students and the Chair which amounts to £540,000 in total. The trustees are therefore in a position to cover other expected charitable expenditure over the following 3 years under an adverse scenario.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Principal risks and uncertainties
The trustees have identified the principal risks facing the charity and, in their opinion, have addressed those risks by appointment of informed trustees who can provide detailed and appropriate guidance to all other officers, and by the appointment of external independent examiners.
Structure, governance and management
Constitution
Foundation of European Nurses in Diabetes is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The relevant governing document is the Memorandum and Articles of Association.
Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
New trustees are appointed by the serving trustees.
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FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management (continued)
- Policies adopted for the induction and training of Trustees
The training and induction provided for new trustees is provided by the serving trustees.
Plans for future periods
The Diabetes Clinical Care and Management MSC Programme funded by FEND will continue.
We aim to implement our pan European research project (provisional title: The impact of Covid-19 on diabetes and care provision).
FEND will continue to fund PhD Training Fellowships until 2024.
Members' liability
The Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 16 September 2022 and signed on their behalf by:
Deirdre Kyne-Grzebalski
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
Independent Examiner's Report to the Trustees of Foundation of European Nurses in Diabetes ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021.
Responsibilities and Basis of Report
As the Trustees of the charity (and 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 charity 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 the charity's accounts 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. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 16 September 2022 Mai Mak FCA
Kinnair Associates Limited
Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income Total income Expenditure on: Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 78,271 4,993 1,801 - 85,065 221,104 221,104 (136,039) 1,342,921 (136,039) 1,206,882 |
Total funds 2021 £ 78,271 4,993 1,801 - 85,065 221,104 221,104 (136,039) 1,342,921 (136,039) 1,206,882 |
As restated Total funds 2020 £ 140,864 5,038 5,405 124 |
|---|---|---|---|
| 151,431 | |||
| 94,411 | |||
| 94,411 | |||
| 57,020 | |||
| 1,285,901 57,020 |
|||
| 1,342,921 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee) REGISTERED NUMBER: 7114723
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total net assets Charity funds Unrestricted funds 15 Total funds |
801 1,224,667 1,225,468 (20,775) |
2021 £ 2,189 2,189 1,204,693 1,206,882 1,206,882 1,206,882 |
2,686 1,341,153 1,343,839 (3,181) |
2020 £ 2,263 |
|---|---|---|---|---|
| 2,263 1,340,658 |
||||
| 1,342,921 | ||||
| 1,342,921 | ||||
| 1,342,921 |
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 16 September 2022 and signed on their behalf by:
Deirdre Kyne-Grzebalski
The notes on pages 9 to 19 form part of these financial statements.
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FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. General information
The Foundation of European Nurses in Diabetes (FEND, the charity, the charitable company) is a charitable company formed to help nurses working in the field of diabetes care, research and education in Europe. It is a company limited by guarantee (registered number 7114723) and is also a registered charity (registration number 1134995).
The trustees who acted during the year and up to the date of the trustees report are shown on page 1.
The registered office of the charity and details of its principal advisers are shown on page 1.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Foundation of European Nurses in Diabetes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries and taking into consideration the potential impact of the Covid pandemic, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
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FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.4 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
2.7 Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Office equipment - 25% straight line
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.12 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2021 £ Donations 16 Sponsorship 78,255 78,271 |
Total funds 2021 £ 16 78,255 |
|---|---|
| 78,271 |
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
3. Income from donations and legacies (continued)
| As restated | As restated | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Sponsorship | 140,864 | 140,864 |
4. Income from charitable activities
| Unrestricted funds 2021 £ Registration fees 809 Members' subscriptions 4,184 4,993 As restated Unrestricted funds 2020 £ Members' subscriptions 5,038 |
Total funds 2021 £ 809 4,184 |
|---|---|
| 4,993 | |
| As restated Total funds 2020 £ 5,038 |
5. Investment income
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Bank interest receivable | 1,801 | 1,801 |
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
5. Investment income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Bank interest receivable | 5,405 | 5,405 |
6. Analysis of grants
| Grants to Institutions 2021 £ Grants and donations 138,000 As restated Grants to Institutions 2020 £ Grants and donations 119,790 The charity has made the following material grants to institutions during the year: |
Total funds 2021 £ 138,000 |
|---|---|
| As restated Total funds 2020 £ 119,790 |
|
| Name of institution IDF Europe Euradia Kings College London - FEND Fellowship Kings College London - Summer school module |
2021 £ 4,348 5,652 128,000 - 138,000 |
2020 £ 4,348 5,652 61,790 48,000 |
|---|---|---|
| 119,790 |
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2021 £ Direct costs - Training and education 221,104 As restated Unrestricted funds 2020 £ Direct costs - Training and education 94,411 |
Total 2021 £ 221,104 |
|---|---|
| As restated Total 2020 £ 94,411 |
8. Analysis of expenditure by activities
| Direct costs - Training and education Direct costs - Training and education |
Activities undertaken directly 2021 £ 7,040 As restated Activities undertaken directly 2020 £ 11,662 |
Grant funding of activities 2021 £ 138,000 As restated Grant funding of activities 2020 £ 119,790 |
Support costs 2021 £ 76,064 As restated Support costs 2020 £ (37,041) |
Total funds 2021 £ 221,104 |
|---|---|---|---|---|
| As restated Total funds 2020 £ 94,411 |
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Journal publishing costs Conference costs Travel and subsistence Journal publishing costs |
Training and education 2021 £ 7,040 As restated Training and education 2020 £ 4,552 1,465 5,645 11,662 |
Total funds 2021 £ 7,040 |
|---|---|---|
| As restated Total funds 2020 £ 4,552 1,465 5,645 |
||
| 11,662 |
Analysis of support costs
| Staff costs Legal and professional costs Office and administration costs Foreign currency losses Depreciation |
Training and education 2021 £ 360 4,017 6,257 65,356 74 76,064 |
Total funds 2021 £ 360 4,017 6,257 65,356 74 |
|---|---|---|
| 76,064 |
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
8. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Staff costs Legal and professional costs Office and administration costs Foreign currency gains Depreciation 9. Independent examiner's remuneration Fees payable to the charity's independent examiner for the preparation and independent examination of the charity's annual accounts Fees payable to the charity's independent examiner in respect of: All other services |
As restated Training and education 2020 £ 390 4,518 6,937 (48,971) 85 (37,041) 2021 £ 3,360 657 |
As restated Total funds 2020 £ 390 4,518 6,937 (48,971 85 |
|---|---|---|
| (37,041 | ||
| 2020 £ 3,169 549 |
10. Staff costs
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 360 | 390 |
The average number of persons employed by the charity during the year was 1 (2020: 1).
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
11. Trustees' remuneration and expenses (continued)
During the year ended 31 December 2021, expenses totalling £ 1,125 were reimbursed or paid directly to 2 Trustees (2020 - £2,131 to 3 Trustees) . These were for telephone and other office expenditure (2020 also included reimbursed travel expenditure).
12. Tangible fixed assets
| Cost or valuation At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Office equipment £ 7,139 |
|---|---|
| 7,139 | |
| 4,876 74 |
|
| 4,950 | |
| 2,189 | |
| 2,263 |
13. Debtors
| Due within one year Prepayments and accrued income |
2021 £ 801 801 |
2020 £ 2,686 2,686 |
|---|---|---|
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FOUNDATION OF EUROPEAN NURSES IN DIABETES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
14. Creditors: Amounts falling due within one year
| Other taxation and social security Accruals and deferred income Statement of funds Statement of funds - current year Unrestricted funds General Funds Statement of funds - prior year Unrestricted funds General Funds |
Balance at 1 January 2021 £ 1,342,921 Balance at 1 January 2020 £ 1,285,901 |
Income £ 85,065 Income £ 151,431 |
2021 £ 24 20,751 20,775 Expenditure £ (221,104) Expenditure £ (94,411) |
2020 £ 24 3,157 |
|---|---|---|---|---|
| 3,181 | ||||
| Balance at 31 December 2021 £ 1,206,882 |
||||
| Balance at 31 December 2020 £ 1,342,921 |
15. Statement of funds
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(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Tangible fixed assets 2,189 Current assets 1,225,468 Creditors due within one year (20,775) Total 1,206,882 |
Total funds 2021 £ 2,189 1,225,468 (20,775) 1,206,882 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 2,263 1,343,839 (3,181) 1,342,921 |
Total funds 2020 £ 2,263 1,343,839 (3,181) 1,342,921 |
|---|---|---|
17. Related party transactions
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 December 2021.
18. Controlling party
The charity is under control of the trustees, as a body.
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