DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
**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 2022**
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **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 - 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 21|
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **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 2022**
## **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 Earl's 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) Deirdre Kyne-Grzebalski (Treasurer) Davide Ausili Eugenia Viachou Rahab Hashim
Page 1
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
**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 2022**
## **Abstract Committee**
Unn-Britt Johansson
## **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
Page 2
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present their annual report together with the financial statements of the charity for the year from 1 January 2022 to 31 December 2022. 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. This will continue as a Virtual Conference at present.
The European Nurses Collaborative Universities Programme (ENDCUP) is provided for nurses specialising in Diabetes from the whole of Europe. It is accredited by King's College University and funded by FEND.
FEND is in the process of producing an Online Journal for all Nurses specialising in Diabetes in Europe.
Page 3
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
**FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Achievements and performance (continued)**
## **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).
FEND continues with plans to work with King's College University to establish "The FEND European Education Unit" in the near future.
## **Financial review**
## **Financial overview**
The charity's incoming resources increased slightly from £85,065 to £85,777. Total resources expended decreased from £221,104 to £150,964. Net outgoing resources for the year amounted to £65,187 (2021 - net outgoing resources: £136,039).
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 £1,141,695, all of which were unrestricted funds and held in forms considered appropriate to the charitable company's activities and future commitments.
## **Reserves policy**
The free reserves of the charity at 31 December 2022 were £1,140,052 (2021: £1,204,693).
The Board of Trustees have agreed that it is necessary to maintain a level of reserves to cover the annual administration costs of the charity together with committed expenditure on PhD students. This amounts to £120,000 at 31 December 2022. The Trustees are pleased to note that the total funds exceed this figure and plan to use these monies when the Charity resumes annual face to face Conferences in different venues across Europe. This has always been our biggest outgoing, until the Covid restrictions were put in place and we could not meet together or travel to appropriate venues.
The FEND MSc Programme continues in 2023/24 and is highly valued by our membership. This program is validated and implemented by the Florence Nightingale faculty of nursing and funded by FEND.
## **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.
Page 4
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES**
## **(A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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.
## **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.
Page 5
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
**FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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 7 September 2023 and signed on their behalf by:
## **Deirdre Kyne-Grzebalski**
Page 6
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES**
**(A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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 2022.
## **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:
1. accounting records were not kept in respect of the charity 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.
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: 7 September 2023 Mai Mak FCA
## **Kinnair Associates Limited**
Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Page 7
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **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 2022**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**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**
**2022**
**£**
**78,255**
**3,481**
**4,041**
**85,777**
**150,964**
**150,964**
**(65,187)**
**1,206,882**
**(65,187)**
**1,141,695**|**Total**
**funds**
**2022**
**£**
**78,255**
**3,481**
**4,041**
**85,777**
**150,964**
**150,964**
**(65,187)**
**1,206,882**
**(65,187)**
**1,141,695**|_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_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 21 form part of these financial statements.
Page 8
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES**
## **(A Company Limited by Guarantee) REGISTERED NUMBER: 7114723**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**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
16
**Total funds**|**3,463**
**1,157,700**
**1,161,163**
**(21,111)**|**2022**
**£**
**1,643**
**1,643**
**1,140,052**
**1,141,695**
**1,141,695**
**1,141,695**|_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_|
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 07 September 2023 and signed on their behalf by:
## **Deirdre Kyne-Grzebalski**
The notes on pages 10 to 21 form part of these financial statements.
Page 9
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
# **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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 private company limited by guarantee incorporated in England and Wales, (mosregistered 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.
## **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.
Page 10
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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
Page 11
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies (continued)**
## **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.
## **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**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2022**|
||**£**|**£**|
|Sponsorship|78,255|**78,255**|
Page 12
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **3. Income from donations and legacies (continued)**
|Donations
Sponsorship|_Unrestricted_
_funds_
_2021_
_£_
_16_
_78,255_
_78,271_|_Total_
_funds_
_2021_
_£_
_16_
_78,255_|
|---|---|---|
|||_78,271_|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2022**
**£**
Registration fees
-
Members' subscriptions
3,481
3,481
_Unrestricted_
_funds_
_2021_
_£_
Registration fees
_809_
Members' subscriptions
_4,184_
_4,993_|**Total**
**funds**
**2022**
**£**
**-**
**3,481**|
|---|---|
||**3,481**|
||_Total_
_funds_
_2021_
_£_
_809_
_4,184_|
||_4,993_|
Page 13
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5. Investment income**
|**Unrestricted**
**funds**
**2022**
**£**
Bank interest receivable
4,041
_Unrestricted_
_funds_
_2021_
_£_
Bank interest receivable
_1,801_
**Analysis of grants**
**Grants to**
**Institutions**
**2022**
**£**
Grants and donations
184,348
_Grants to_
_Institutions_
_2021_
_£_
Grants and donations
_138,000_|**Total**
**funds**
**2022**
**£**
**4,041**|
|---|---|
||_Total_
_funds_
_2021_
_£_
_1,801_|
||**Total**
**funds**
**2022**
**£**
**184,348**|
||_Total_
_funds_
_2021_
_£_
_138,000_|
## **6. Analysis of grants**
The charity has made the following material grants to institutions during the year:
Page 14
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. Analysis of grants (continued)**
|**Name of institution**
IDF Europe
Euradia
King's College London - FEND Fellowship
King's College London - ENDCUP 2022|**2022**
**£**
**4,348**
**-**
**100,000**
**80,000**
**184,348**|_2021_
_£_
_4,348_
_5,652_
_128,000_
_-_|
|---|---|---|
||||
|||_138,000_|
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2022**
**£**
Direct costs - Training and education
150,964
_Unrestricted_
_funds_
_2021_
_£_
Direct costs - Training and education
_221,104_|**Total**
**2022**
**£**
**150,964**|
|---|---|
||_Total_
_2021_
_£_
_221,104_|
## **8. Analysis of expenditure by activities**
||**Activities**|**Grant**|||
|---|---|---|---|---|
||**undertaken**|**funding of**|**Support**|**Total**|
||**directly**|**activities**|**costs**|**funds**|
||**2022**|**2022**|**2022**|**2022**|
||**£**|**£**|**£**|**£**|
|Direct costs - Training and education|6,981|184,348|(40,365)|**150,964**|
Page 15
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **8. Analysis of expenditure by activities (continued)**
|Direct costs - Training and education
**Analysis of direct costs**
Journal publishing costs
Journal publishing costs
**Analysis of support costs**
Staff costs
Legal and professional costs
Office and administration costs
Foreign currency gains
Depreciation|_Activities_
_undertaken_
_directly_
_2021_
_£_
_7,040_|_Grant_
_funding of_
_activities_
_2021_
_£_
_138,000_|_Support_
_costs_
_2021_
_£_
_76,064_
**Training**
**and**
**education**
**2022**
**£**
6,981
_Training and_
_education_
_2021_
_£_
_7,040_
**Training**
**and**
**education**
**2022**
**£**
300
4,357
4,512
(50,080)
546
(40,365)|_Total_
_funds_
_2021_
_£_
_221,104_
**Total**
**funds**
**2022**
**£**
**6,981**
_Total_
_funds_
_2021_
_£_
_7,040_
**Total**
**funds**
**2022**
**£**
**300**
**4,357**
**4,512**
**(50,080)**
**546**
**(40,365)**|
|---|---|---|---|---|
Page 16
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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
**10.**
**Staff costs**
Wages and salaries|_Training and_
_education_
_2021_
_£_
_360_
_4,017_
_6,257_
_65,356_
_74_
_76,064_
**2022**
**£**
**3,696**
**661**
**2022**
**£**
**300**|_Total_
_funds_
_2021_
_£_
_360_
_4,017_
_6,257_
_65,356_
_74_|
|---|---|---|
|||_76,064_|
|||_2021_
_£_
_3,360_
_657_|
|||_2021_
_£_
_360_|
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.
Page 17
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 December 2022, expenses totalling _£_ 1,004 were reimbursed or paid directly to 2 Trustees _(2021 - £1,125 to 2 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 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
_At 31 December 2021_|**Office**
**equipment**
**£**
**7,139**|
|---|---|
||**7,139**|
||**4,950**
**546**|
||**5,496**|
||**1,643**|
||_2,189_|
## **13. Debtors**
|**Due within one year**
Prepayments and accrued income|**2022**
**£**
**3,463**
**3,463**|_2021_
_£_
_801_
_801_|
|---|---|---|
Page 18
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **14. Creditors: Amounts falling due within one year**
|Other taxation and social security
Accruals and deferred income|**2022**
**£**
**24**
**21,087**
**21,111**|_2021_
_£_
_24_
_20,751_|
|---|---|---|
||||
|||_20,775_|
Accruals and deferred income includes £17,391 (2021: £17,391) funding received in advance for the following financial year.
## **15. Financial instruments**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**1,157,700**|_1,224,667_|
Financial assets measured at fair value through income and expenditure comprise bank balances.
Page 19
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **16. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**January**
**2022**
**£**
**Unrestricted funds**
General Funds
**1,206,882**
**Statement of funds - prior year**
_Balance at_
_1 January_
_2021_
_£_
**Unrestricted funds**
General Funds
_1,342,921_|**Income**
**£**
**Expenditure**
**£**
**85,777**
**(150,964)**
_Income_
_£_
_Expenditure_
_£_
_85,065_
_(221,104)_|**Balance at**
**31**
**December**
**2022**
**£**
**1,141,695**|
|---|---|---|
|||_Balance at_
_31_
_December_
_2021_
_£_
_1,206,882_|
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Tangible fixed assets
1,643
Current assets
1,161,163
Creditors due within one year
(21,111)
**Total**
1,141,695|**Total**
**funds**
**2022**
**£**
**1,643**
**1,161,163**
**(21,111)**|
|---|---|
||**1,141,695**|
Page 20
DocuSign Envelope ID: FA33F44A-9791-4CF2-90BE-C7CCCD370AA3
## **FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **17. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_2,189_
_1,225,468_
_(20,775)_
_1,206,882_|_Total_
_funds_
_2021_
_£_
_2,189_
_1,225,468_
_(20,775)_
_1,206,882_|
|---|---|---|
## **18. 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 2022.
## **19. Controlling party**
The charity is under control of the Trustees, as a body.
Page 21