OpenCharities

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

← Foundation Of European Nurses In Diabetes

2023-12-31-accounts

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

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 2023

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

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 2023

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

Abstract Committee

Unn-Britt Johansson

Page 1

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

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 2023

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of the charity for the year from 1 January 2023 to 31 December 2023. 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:

Achievements and performance

Main achievements of the charity

Professional Support

A Virtual Annual Conference continues to be organised over two days providing up to date information on many aspects of Diabetes.

The European Nurses Collaborative Universities Programme (ENDCUP) is continuing for nurses specialising in Diabetes from the whole of Europe. It is accredited by King's College University and funded by FEND.

An online Journal is available for all Nurses specialising in Diabetes.

Public Good

FEND continues to collaborate with Pan European organisations including the International Federation Europe (IDF) and as an equal partner in the European Coalition on Diabetes (ECD).

Page 3

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

Financial overview

The charity's incoming resources decreased from £85,777 to £67,781. Total resources expended increased from £150,964 to £279,313. Net outgoing resources for the year amounted to £211,532 (2022 - net outgoing resources: £65,187).

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 £930,163, 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 2023 were £928,930 (2022: £1,140,052).

The Board of Trustees have agreed that it is necessary to maintain a level of reserves to cover the annual administrative costs to the Charity and the final expenditure for two PhD students. This amounts to £100,000 until the end of 2024. 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 and is highly valued by our membership. The course 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.

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.

Page 4

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

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 will continue funded by FEND.

No further PhD Programmes will be funded by FEND.

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:

Page 5

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Statement of Trustees' responsibilities (CONTINUED)

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 9 September 2024 and signed on their behalf by:

Deirdre Kyne-Grzebalski

Page 6

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023.

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: 9 September 2024 Mai Mak FCA

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 7

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

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 2023

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
2023
£
43,478
4,151
20,152
67,781
279,313
279,313
(211,532)
1,141,695
(211,532)
930,163		 Total
funds
2023
£
43,478
4,151
20,152
67,781
279,313
279,313
(211,532)
1,141,695
(211,532)
930,163		 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

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee) REGISTERED NUMBER: 7114723

BALANCE SHEET AS AT 31 DECEMBER 2023

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		 10,370
922,442
932,812
(3,882)		 2023
£
1,233
1,233
928,930
930,163
930,163
930,163		 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

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 09 September 2024 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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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, (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.

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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.

Page 12

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Income from donations and legacies

Unrestricted
funds
2023
£
Sponsorship
43,478
Unrestricted
funds
2022
£
Sponsorship
78,255		 Total
funds
2023
£
43,478
Total
funds
2022
£
78,255
4.
Income from charitable activities
Unrestricted
funds
2023
£
Members' subscriptions
4,151
Unrestricted
funds
2022
£
Members' subscriptions
3,481		 Total
funds
2023
£
4,151
Total
funds
2022
£
3,481
5. Investment income
Unrestricted Total
funds funds
2023 2023
£ £
Bank interest receivable 20,152 20,152

Page 13

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

5. Investment income (continued)

Unrestricted Total
funds funds
2022 2022
£ £
Bank interest receivable 4,041 4,041

6. Analysis of grants

Grants and donations
Grants and donations		 Grants to
Institutions
2023
£
240,783
Grants to
Institutions
2022
£
184,348		 Total
funds
2023
£
240,783
Total
funds
2022
£
184,348

The charity has made the following material grants to institutions during the year:

Name of institution
IDF Europe
King's College London - FEND Fellowship
King's College London - ENDCUP
Other grants to institutions		 2023
£
4,348
100,000
136,000
435
240,783		 2022
£
4,348
100,000
80,000
-
184,348

Page 14

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Direct costs - Training and education
279,313
Unrestricted
funds
2022
£
Direct costs - Training and education
150,964		 Total
2023
£
279,313
Total
2022
£
150,964

8. Analysis of expenditure by activities

Direct costs - Training and education
Direct costs - Training and education		 Activities
undertaken
directly
2023
£
7,208
Activities
undertaken
directly
2022
£
6,981		 Grant
funding of
activities
2023
£
240,783
Grant
funding of
activities
2022
£
184,348		 Support
costs
2023
£
31,322
Support
costs
2022
£
(40,365)		 Total
funds
2023
£
279,313
Total
funds
2022
£
150,964

Page 15

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Travel and subsistence
Journal publishing costs
Journal publishing costs
Analysis of support costs
Legal and professional costs
Office and administration costs
Foreign currency losses
Depreciation
Governance costs		 Training
and
education
2023
£
4,866
2,342
7,208
Training and
education
2022
£
6,981
Training
and
education
2023
£
706
1,296
25,028
410
3,882
31,322		 Total
funds
2023
£
4,866
2,342
7,208
Total
funds
2022
£
6,981
Total
funds
2023
£
706
1,296
25,028
410
3,882
31,322

Page 16

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
Governance costs		 Training and
education
2022
£
300
661
4,512
(50,080)
546
3,696
(40,365)		 Total
funds
2022
£
300
661
4,512
(50,080)
546
3,696
(40,365)

Governance costs above comprise accountancy and independent examination costs.

9. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the charity's independent examiner for the preparation and
independent examination of the charity's annual accounts 3,235 3,080
Fees payable to the charity's independent examiner in respect of:
All other services 588 551

10. Staff costs

2023 2022
£ £
Wages and salaries - 300

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: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, expenses totalling £ 1,747 were reimbursed or paid directly to 2 Trustees (2022 - £1,004 to 2 Trustees) . These were for travel, telephone and other office expenditure.

12. Tangible fixed assets

Cost or valuation
At 1 January 2023
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Office
equipment
£
7,139
7,139
5,496
410
5,906
1,233
1,643

13. Debtors

Due within one year
Prepayments and accrued income		 2023
£
10,370
10,370		 2022
£
3,463
3,463

Page 18

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14. Creditors: Amounts falling due within one year

Other taxation and social security
Accruals and deferred income		 2023
£
-
3,882
3,882		 2022
£
24
21,087
21,111

Accruals and deferred income includes £nil (2022: £17,391) funding received in advance for the following financial year.

15. Financial instruments

2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 922,442 1,157,700

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 19

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

16. Statement of funds

Statement of funds - current year

Balance at 1
January
2023
£
Unrestricted funds
General Funds
1,141,695
Statement of funds - prior year
Balance at
1 January
2022
£
Unrestricted funds
General Funds
1,206,882		 Income
£
Expenditure
£
67,781
(279,313)
Income
£
Expenditure
£
85,777
(150,964)		 Balance at
31
December
2023
£
930,163
Balance at
31
December
2022
£
1,141,695

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
1,233
Current assets
932,812
Creditors due within one year
(3,882)
Total
930,163		 Total
funds
2023
£
1,233
932,812
(3,882)
930,163

Page 20

Docusign Envelope ID: F9E77866-9ACE-4A3F-899F-426DF8593A1D

FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
2022
£
1,643
1,161,163
(21,111)
1,141,695		 Total
funds
2022
£
1,643
1,161,163
(21,111)
1,141,695

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 2023.

19. Controlling party

The charity is under control of the Trustees, as a body.

Page 21