Registered numbor: 7114723 Charfty 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 2024
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantoo) CONTENTS Page Raforonce and Admlnlstratlvo Detsils of the Charity, Its Trustees and Advlsors Trusteas, Report Ind•pondent Examlner's Report Statement of Flnanclal Activities Balan¢e Shoot Notes to the Financial Statsmonts 10-22
FOUNDATION OF EUROPEAN NURSES IN DIABEfES (A Company Llmltod by Guarantso) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Kristin de Backer Deirdre Cregan Chris D81icata Anne-marie Felton Deirdre Kyne-Gba1skI Prof Regina Wredling RN. Dr Med Sc Company rngi$ter•d number 7114723 Charlty regist•r•d number 1134995 R•gistered office Knoll View Bridgewater Road Uphill Weston Super Mare Som8rs8t BS23 4TY Accountants Kinnair and Company Limited Chartered Accountants Aston House Redbum Road Newcastle upon Tyne NE5 1NB Bankers Bardays Bank plc Leicester Close Brothers Savings 10 Crown Place London Members of the Executlve Commlttee Kristin de Backer (Chaimian) Rita Forde (Secretary) Anne-marie Felton (President) Ana Paiva (Membership Secretary) Rahab Hashim (Treasurer) Deidre Kyn&Grzebalski Davide Ausili Eugenia Viachou Page 1
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmltod by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Abstract Committ00 Unn-Britt Johansson Speclal Advlsors 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 Webslte W¥VW.fend.org Page 2
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company LlmFted by Guarantse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER2024 The Trustees present thelr annual report together wlth the financlal statements of the charity for the year from 1 January 2024 to 31 December 2024. 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 companls goveming document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republlc 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. ObJectlv•s and actlvltles • Pollcles and objectlves 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 {P82)'. The objects for which FEND is established are: to promote for the publlc 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 benefft. the education and training of nurses worklng In dlab8tes car8 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 infomiation relaling to the pnxeedings at such conferences or SyTnposla. hlevoments and perfornianco • Main achievements of the charity Professional Supporl A Virtual Annual Conference continues to be organised over two days providing up to date infonytation on many aspects of Diabetes. The European Nurses Collaboratlve 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 onllne Journal is available for all Nurses specialising in Diabetes. Publlc Good FEND continues to collaborate wth Pan European organisations induding the International Federation Europe (IDF) and as an equal partner in the European Coalition on Diabetes (ECD). Page 3
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlt•d by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal r•vlew Financial overvlew The charitys incoming resources decreased from £67,781 to £59,859. Total resources expended decreased from £279,313 to £72,287. Net outgoing resoUe$ for th8 year amounted to £12.428 (2023: net outgoing resources: £211,532). The Trustees cary out an annual review of the level of income reserves vthich they feel is appropriate to maintain in order to meet the charivs objectives effectively. The charity held fund balances at the year end of £917,735, all of whith were unrestricted funds and held in fomis considered appropriate to the charitable companys activities and future commitments. • R•serves pollcy The free reseNes of the charity at 31 December 2024 were £917,735 (2023: £930.163). The Board of Trustees have agreed that it is necessary to maintain a level of reseNes to cover the annual administrative costs. The Trust88s plan to use these monies when the Charity resumes annual face to face conferences in different venues across Europe. Thls has always b88n our biggest outgolng, until the Covid restrictions were put in place and we could not rneet 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. Golng Goncern After making appropriate enquiries, the Trustees have a reasonable expectation that the chaiity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further detsils r8garding the adoption of the going concern basis can be found In the accounting policies. • PrlnGlpal risk5 and uncertaintles The Trustees have identified the principal risks facing the charty and, in their opinion, have addressed those risks by appointment of infonned Trustees vh)0 can provide detailed and appropriate guidance to all other officers, and by the appolntment of external independent examlners. StructUrn• governance and management • Constitutlon Foundation of European Nurs8s in Diabetes is registered as a charitable company Ilmlted by guarant88 and was set up by a Memorandum of Association. The relevant governing document is the Memorandum and Artides of Association. Page 4
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure. governance and management (contlnued) • Methods of appolntment or el•ction of Trusteos The management of the charity is the responsibility of the Trustees who are elected and ctropted under the tems of the Memorandum of Association. New Trustees are appoint8d by the serving Trust98S. Polici•s adopted for the inductlon and training of Trusteos The training and induction provrded for new Trustees is provided by the serving Trustees. Plans for future perfods The Diabetes Clinical Care and Management Msc Progr8mme will continue to be funded by FEND. No further PhD Programmes will be funded by FEND. Members. Ilability 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
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2024 Statement of Trustees. responsibiliti•s The Trustees (who are also the director5 of the charity for the purposes of company law) are responsible for preparing the Twstees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires th8 Trustees to prepare financial statements for each financial year. Under company law, the Trustees rnust 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 incorning 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 pollcles and then apply them consist8ntly, 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 golng concem basls unless it is inappropriate to presume that the charity will continue in business. The Trustees are responslble 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 flnancial 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 the members 23-( Dg board and signed on their behalf by. Trustees Doirdre ne-GrLebalskl Page 6
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantso) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examlnerfs Report to the Trustees of Foundatlon of European Nurses In Dlabotos (Ihe charity) I reFrf)rt to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024. RpOnsIbl11t10S and Basis of Roport As the Truslees 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 r8quirements of the Companies Act 2006 (Ihe 2006 ACV). 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 charitys accounts carried out under section 145 of the Charitles Act 2011 {'the 2011 Act,). In caryng out my examination I have foll0vd the Directions glven by th8 Charity Commlssion und8r sectlon 145(5)(b) of the 2011 Act. Independent Examinerfs Statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examinat50n giving me cause to believe: accounting records were not kept in respect of the charity as requlred 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 glve a Irue and fairf vlew which is not a matter consldered 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 tharities [appli¢able to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)]. I have no concems and hav8 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 understsnding of the accounts to be reached. This report is made solely to the charitys 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 stste to the charityls Trustees those matters l 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 charfty and the charivs Trustees as a body, for my work or for this report. Signed: l o*lLo2r Mai Mak FCA Klnnalr and Company Llmltsd Chartered ACntants Aston House Redbum Road Newcastle upon Tyne NE5 1NB Page 7
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantso) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcled funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charltable acUvltles Investrnents 34.783 3,233 21,843 34.783 3,233 21.843 43.478 4, 151 20. 152 Total Income 59,859 59,859 67, 781 Expendlture on: Charitable activities 72.287 72,287 279,313 Total oxpendlturo 72,287 72,287 279,313 Ngt movement In funds (12.428) (12,428) (211.532) Reconclllatlon of funds: Total funds brought forward N8t movement in funds 930,163 (12,428) 930,163 (12,428) 1, 141,695 (211,532) Total funds carried forward 917,735 917,735 930,163 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 22 fomi part of these financial statements. Page 8
FOUNDATION OF EUROPEAN NURSES IN DIABEfES (A Company Llmlted by Guarantso) REGISTERED NUMBER: 7114723 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets 12 919 1,233 919 1,233 Currgnt assets Debtors Cash at bank and in hand 13 10,436 910,538 10,370 922,442 920,974 932,812 Creditors: amounts falling due Imthin one year 14 14,158) (3,882) Net current assets 916,816 928.930 Total net assets 917,735 930, 163 Charfty funds Unrestricted funds 16 917,735 930,163 Total funds 917.735 930,163 The charity was entitled to exemption from audit under section 477 of the Companles Act 2006. The members have not requir8d the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their r8sponsibilities for complying the requirements of the Act respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance viith the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by: Deirdre Kyne-Grzebalski The notes on pages 10 to 22 fomi part of these financial statements. Page g
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Goneral Infomiatlon The Foundation of European Nurses in Diabetes (FEND. the charity. the charitable company) is a charitable company fonned to help nurses working in the field of diabetes care, research and education in Europe. It Is a prlvate 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 r8gist8red office of the charity and detalls of its principal advisers are shown on page 1. Accounting pollcies 2.1 Bas18 of preparation of )Inancial statem•nts The financial ststements have been prepared in accordance 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) (8ffective 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 oth8lWIS8 ststed in the relevant accounting policy. The financial ststements are presented in pounds Sterfing and rounded to the nearest pound. 2.2 Golng concern After maklng approprlate enquiries the Trustees have a reasonable expectation that the charlty has adequate resources to continu8 in operational existence for the foreseeable future. For this reason they contlnue to adopt the going concem 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 receiv8d and the amount of income recelvable can be measured reliably. Income tsx recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.4 Expendlture Expenditure Is recognised once ther8 is a legal or constructive obligatlon to transfer economic benefit to a third party. It is probable that a transfer of economic benefits will be requlred 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 diredy to that activity. Shared costs whlch contribute to more than on8 activity and support costs which are not attributable to a single activity are apportloned between those acliviti8s on a basis consistent with the use of resources. Page 10
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmltgd by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 Accounting pollcles (Gontinu•d) 2.4 Expenditure (contlnu•d) Expenditure on charitsble activities is incurred on directly undertaking the activities whlch further the charitsls objectlves. as well as any associated support costs. All expenditure is Inclusive of irrecoverable VAT. 2.5 Interest recelvabl• Interest on funds held on deposit is included when receNable and the amount can be measured reliably by the charity. this is nomially upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Forelgn currencles 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 transactlon. Exchange gains and losses are recognised in the Statement of Financial Actlvitles. 2.7 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedul8 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordlngly, the charity Is potentially exempt from tsxation in respect of income or capital galns 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 exdusively to charitable purposes. 2.8 Tanglble fixed assets and d•prnclatlon Tangible fixed assets costing £500 or more are capitalised and recognised en future economic benefrts are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initsally recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost18ss accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into ts intended working Condition should be included in the measurement of cosL Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provlded on th8 following basls: Office equipment 25% reducing balance Page11
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmited by Guarantoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 Accounting policies {continued) 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. PrePanentS 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-temi 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 Liabilitios and provlslons Liabilities are recognised when there is an obligation at th8 Balanc8 Sheet date as a result of a past event, it is probable that a transfer of economlc benefit will be required in settlement, and th8 amount of the settlement can be estimated rellably. 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 pasThents for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to setue 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-tsx discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cosL 2.12 Financial instruments The charity only has financial assets and financial liablllues of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognlsed 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 accountlng General funds 8re unrestricted funds which are available for usa at the discretion of the Trustees in furtherance of the general obJectlves 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
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Unrestrlcted funds 2024 Total funds 2024 Sponsorship 34,783 34.783 Unrestricted fvnds 2023 Total funds 2023 Sponsorship 43,478 43,478 InGome from charitabl• actlvltles Unrnstrlcted funds 2024 Total funds 2024 Registration fees Members, subscriptions 537 2,696 $37 2,696 3,233 3,233 Unrestiicted funds 2023 Total funds 2023 Members, subscriptions 4,151 4, 151 Page 13
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantoo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Invostment Income Unrestricted funds 2024 Total funds 2024 Bank interest re1vable 21.843 21,843 Unrestrlcted funds 2023 Tot81 funds 2023 Bank interest receivable 20.152 20. 152 Analysls of grants Grants to Institutlons 2024 Total funds 2024 Grants and donations 4.348 4.348 Grants to Institutions 2023 Total funds 2023 Grants and donations 240, 783 240, 783 The chaiity has made the following material grants to institutions during the year: Page 14
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of grants (contlnued) 2024 2023 Name of Instltutlon IDF Europe King's College London - FEND Fellowship King's College London - ENDCUP Other grants to institutions 4.348 100,000 136,000 435 4348 240, 783 Analysls of expendlture on charitable actmties Summary by fund typ• Unrestrlctsd funds 2024 Total 2024 Direct costs - Training and education 72.287 72,287 Unresb7cted funds 2023 Total 2023 Direct costs - Training and education 279,313 279.313 Analysis of expendlture by activlties Actlvltlos undertaken directly 2024 Grant fundlng of actlvltles 2024 Support costs 2024 Total funds 2024 Direct costs - Training and education 26,475 4.348 41.464 72,287 Page 15
FOUNDATION OF EUROPEAN NURSES IN DIABEfES (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expendituro by actlvities (continued) Activities undertaken directly 2023 Grant fvnding ol activiti8S 2023 Support costs 2023 Total funds 2023 Dlrect costs- Training and educAtion 7.208 240,783 31,322 279.313 Analysis of dlroct costs Tralnlng and educatlon 2024 Total funds 2024 Conference costs Travel and subsistence Joumal publishing costs 20.140 4.340 1,995 20.140 1,995 26,475 26,475 Training and education 2023 Total funds 2023 Travel and subsist8nce Journal publishing Gosts 4,866 2.342 4,866 2,342 7.208 7.208 Page 16
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmltsd by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expondlture by actlviti•s (contlnued) Analysls of support costs Training and education 2024 Total funds 2024 Staff costs Office and administratic>n costs Foreign currency losses Depreciation Govemance costs 820 3,047 32.454 314 4,829 820 3.047 32,454 314 4.829 41.464 41.464 Training and education 2023 Total fvnds 2023 Legal and professional costs Office and administration costs Foreign currency losses Depreciation Governance costs 706 1.296 25,028 410 3.882 706 1,296 25,028 410 3,882 31,322 31.322 Governance costs above comprlse accountancy and Independent examinatlon costs. Independent •xaminerfs remuneratlon 2024 2023 Fees payable to the charitvs independent examiner for the preparation and Independent examination of the charitys annual accounts Fees payable to the charivs independent examiner in respect of: All other seThfjces 3,465 3,235 671 588 Page 17
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Staff costs 2024 2023 Wages and salaries 820 820 The average number of persons employed by the charity during the year was as follows: 2024 2023 No. Number of 8rnpIoy8es No employee received remuneration amounting to more than £60,000 in either year. 11. Trustees, remuneratlon and expenses During the year. no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, expenses totalling £5,768 were reimbursed or paid directly to 3 Trustees (2023- £1,747 to 2 Trustees). These were for travel, telephone and other office expenditure. 12. Tanglble fixed assets Offlce equlpment Cost or valuatlon At 1 January 2024 7.139 At 31 December 2024 7,139 Doprociatlon At 1 January 2024 Charge for the year 5,906 314 At 31 December 2024 6,220 Page 18
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tanglblg fix•d assets (continuod) equlpment Net book value At 31 December 2024 919 Al 31 December 2023 1.233 13. Debtors 2024 2023 Du• wlthln one year Other debtors Prepayrnents and accrued income 81 10,355 10,370 10,436 10.370 Page 19
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Credltors: Amounts falling due within ono year 2024 2023 Accruals and deferred income 4,158 3,882 15. Flnanclal Instruments 2024 2023 Flnanclal assets Financial assets measured at fair value through income and expendrture 910.538 922,442 Financial assets measured at fair value through income and expenditure comprise bank balances. Page 20
FOUNDATION OF EUROPEAN NURSES IN DIABETES (A Company Llmlted by Guarant} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 16. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balanco at 1 January 2024 InGomo Exp•nditurn Unrestricted funds General Funds 930,163 59.859 (72,287) 917.735 Statemant of funds - prior year Balance al 31 December 2023 Balance al l January 2023 Income Expenditure Unrestrlcted funds General Funds 1,141,695 67.781 (279,313) 930.163 17. Analysls of net assets betw••n funds Analysls of net assets between funds - current perlod Unrestrlctsd funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 919 920,974 (4.158) 919 920,974 (4,158) Total 917,735 917,735 Page 21
FOUNDATION OF EUROPEAN NURSES IN DIABETES {A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 17. Analysis of nat ass•ts botw••n funds (contlnued) Analysls of net assets between funds - prlor porlod Unrestricted funds 2023 Total fvnds 2023 Tangible fixed assets Current assets Creditors due within one year 1,233 932,812 (3,882) 1,233 932.812 (3,882) Totsl 930. 163 930.163 18. Relatgd party transactions The charity has not entered Into any related paty transaction during th8 year, nor are ther8 any outstanding balances owing between related parties and the charity at 31 December 2024. 19. Controlling party The charity is under control of the Trustees, as a body. Page 22