REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 FOR 44EGIN MAKÈ C44&iTy NO.. )159èN A Patel & Co. INWI Limited 3410erby Street, Bolton, BL3 6LR Company Re8 No. 4970208 Page | I
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FRIENDS FOR YOU Page Page Reference and Administrative Details Report of the Trustees 4t06 Independent Examlner's Report Appendix". Friends for you Financial Accounts for the year ended 31 March 2025 Notes to the Abbrevlated accounts Balance sheet TradinB & Profit & loss account Schedule of flxed assets Page12
FRIENDS FOR YOU REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES: Imtiyaz Kola Sakil Kola Mustaq Munshi Iqbal Kola Karim Khan Siraj Chanchwelia Mohseen Ali Registered charity number 1159911 Prlnclple Address: Unity house Unit B Fletcher St Bolton, BL3 3NJ Independent Examlner: A Patel & Co. INWI Limited 3410erby Street. Bolton, BL3 6LR Company Reg No. 4970208 Page13
FRIENDS FOR YOU REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2025 The tru5tee5 present thelr report with the financlal statements of the charity for the year ending 31" March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charlties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effectlve l January). Our projects for the year 202ty2025 have continued sucsSfUllY in countrie5 efferted by the refugee crisis and the victims of Floods and earthquakes in Jordan, Turkey, Bangladesh. With the help of our partners. we started new projects in East Africa. We distributed Aid in Tan2ania & Ethiopia successfully and alm to tontinue dependlng on funds. Our work brought rellef to thousands of families. Our team also continued their work in many diffeTent states of India. Tru$tees also travelled to India to check and verify existlng projects and also plan new prolects for the next few years. As reported in last yearfs statement regarding our Housing Project and Girls school building, we are pleased to reportthat we have made significant progress towards our housing project with all planning and bullding permissions for the first 24 homes being granted by national and local government departments. Our building program for the first 24 homes started at the end of December. We are also hoping to start buildlng work for the next 24 homes soon dependlng on flnal plannlnB permlsslon for the next 24 homes, Bringing the total Startups to 48 homes. Alhamdulillah, the glrls school building projert is now 70% complete. We are hoplng to complete the girls school buildin8 work by March 2025. Our Orphan5 Umrah program continues. and again thisyear we sponsored over50 orphans to perform Umrah. We also continued to support thousands of families with basic daily items like, food, water, medlcal support, income support, community support. and free education support. Flnanclal revlew ReseNes and financial performance The charity raised over £800,000 in donations and has distributed over £680,O¢XI to worthy causes for this financial year. The charity has sufflcient reserves to cover expenses for more than 18 months In Ilne with our reseNes policv. The charity will always look to minimized overheads and will continue to monitor costs and funds to have 5uffitlent funds In all areas to continue our work. The charlS funds and donatlons have increased in line with expectations. In the event of reserves falling significantly below the target level, we will aim to restore the reserves as soon as possible by Increasing fundralsln& Increa51ng sponsors and other means where pos51ble Including reducin8 expendlture. Simllarly, if reserves are significantly above the target level, the charlty will put in place a plan as soon as possible, aiming to eliminate the excess within two years by spending on new projects and Increase provisions for poor families in need. The trustees will not, however, take any steps that might call into question the abilityof the charity to continue as a financially viable operation In the long term. On behalf ol all the trustees at Frlends For You, we would Ilke to slncerely thank all our donors and 5UPPOrters over the years fortheirfantartlc support. We extend ourthanks to our hardworkin8 Staff Page14
and volunteers In Indla and In the UK. Our thanks also goes out to our partners in Lebanon and Ban&adesh for maklng our refugee projects posslble. Without our teams and partners around the world. carryln8 Out our charlty work would be very dlfflcult. All prolect detalls are available on our website at- Significant activities We continue our work for many projects desplte the challenges we face durlng ongoing and new conflicts in many countries around the world. In 2024125, we have again been impacted by inflation such as material and labour costs to name a few. The continued currency volatility, and difficulties in supply of material due to the continued conflict in Ukraine and new conflicts In the middle east and elsewhere carries on. Despite these challenges, we have overcome these issues and Still contlnue wlth all our projects. Food Aid - Friends For You managed to deliver nearly 8000 food parcels and over 25,000 hot meals successfully to many countries Including Turkey, Jordan, Bangladesh, Tanzania, Ethlopla, where thousands of families suffer due to lack of food and other essentials that we take for granted. We also distributed food parcels and hot meals to many poverty-strlcken areas of India, in the states of Mahara5htra, Delhi, U.P, and Bihar. Together, we distributed enough food parcels to produce nearly one million hot meals in 2024125. Water Ald Hand pumps- Many hundreds of families can now have access to water all year round. thanks to our water projects for 2024125. Over 130 hand pumps were provided whlch can be accessed by over a thousand tsmllbes who otherwise would have little or no access to water. This facility will last for many years to come, generating Duas and S?daqa e Jariyah to all those who donated. Bore Well Many bore wells were Instslled In different parts of small and large villa8e5 in many parts of Indla. A single bore well can pump enough water to supply a small village with daily water for up to 2tX)+ families. This facility can also provlde local mosques and community centres for thelr water needs. Again. this facility will last for many years to come, generating Duas and Sadaqa e Jariyah to all those who donated. Medlcal Ald- Millions of families suffer in silence because they have no access to medical funds and tacilities. We do our absolute best to provide as much help as possible. However, due to lack of funds, many thousands contlnue to suffer in silence. Last year we helped provide vital lrfesaving operations to young and old. This has made a massive impact on improving their quality of lrfe. Chlld Sponsorlsupport - Ill 2024 we have registered 130 chlldren back into school. Children need their education for their fvture. We will continue to expand our education program depending on funds raised. We thank all our chlld sponsors who contlnued their child sponsors and those donors who helped maintain the school. Commufilty Ald-we tt*ntinued throughout 2024 helplng communlties meet thelr everyday needs by providing a safe place for congregation by repairin& improvin& or extending buildings with facilities to meet the needs ofthe communltv. Refugees around the worfd We have continued our international duties for our work in the refugee camps in Jordan, Turkey, Bangladesh for the Syrian, Palestinian and Rohingya refugees in 2024 ind dlstributed ald worth nearly £IOO,00. We have plans for further trlps in 2025 to distribute more ald to those refugee camps. Page15
Please contact Us if you need further details or visit: ,.vww.frien You can also follow us on.. Twitter- Instagram- lfriendsforyou ou.or On behalf of all the trustees, thank you. Imtiyaz Kola Trustee Strurturei sovernance, and management Govemln8 document The charity is controlled by its Boverning document, a deed of trust and constitutes an unincorporated charity. The trustees actively review the major risks that the charity faces on a regLtlar basis and believe that maintaining reserves at current levels. combined with an annual review of the controls over key financial systems, will provide sufficlent resources in the event of adverse condltlons. The trustee5 have also examlned other operational and business risks faced by the charity, its staff, and volunteers, especSally during difficulties and confirm that they have established systems to mitigate the significant risks. Approved by order of the board of trustees on 8th June 2024 and slgned on Its behalf bv: Imtiyaz Kola Trustee 0510612024 Pa8e16
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIEND5 FOR YOU Independent examiner's report to the trustees of Friends For You I report to the charity trustees on my examination of the accounts of Frlends For You for the ye?r ended 31 March 2025. Ilesponsibillties and basis of report As the charity trustees of Friends For You, you are responsible for the preparation of the accounts In accordance with the requlrements of the Charities Act 20111'the Act'l- I report in re5pert of my examination of the Trust's accounts carried out under sectSon 145 of the Act and in carrying out my exarnination I have followed all applicable Directions given by the Charlty Commission under section 14515llbl of the Act. Independent examlner's ststement I have completed my examination. I can confirni that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the Trust as required by sectlon 130 of the Act; or 2. The accounts do not accord with those records,- or 3. The accounts do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulatlons 2008 other than anv requirement that the accounts glve a true and fair view which is not a matter consldered as part of an independent examination. I have no concerns and have come acr055 no other motters in connection with the examinatlon. I have no concerns and have come across no other matters in tonnection with the examination to whlch attentlon should be drawn In thls report in order to enable a proper understandlng of the accounts to be reached. A Patel & Co. INWI Limited 341 Derby Street. Bolton, BL3 6LR Company Reg No. 4970208 Date 20112125 Page | 7
Ch&rity No. 1159911 FRIENDS FOR YOU FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 F1699 A Patol & Co. Accountants
FRIENDS FOR YOU ABBREVIATED BALANCE SHEET 17 Cavendish Gardens Bolton BL3 3GB 2025 2024 FIXED ASSETS 6457 6434 CURRENT ASSETS Cash in Hand & at Bank Other debtors & PrepanentS 552346 44178 596524 409326 15000 424326 CREDIT RS Amount dug within ong year 518 518 339 339 NET CURRENT ASSET 596006 602463 423987 430421 FINANCED BY Accumulatgd Funds Reserves 430421 366096 172042 602463 430421 Statement of tw$tees responslbllltl The Trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable lo ¢harf(ies in England and Wales requires the Trustees to prepare accounts for e8ch flnanclal y6ar which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these accounts, the Trustees are r8qulrod to.. strlect suitable accounting policles and than apply them consistently., - observe the methods and principles in the Charities SORP make judgement5 and estimates that are reasonable and prudent., Continued on Page IA
stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the accounts,. and prepare the accounts on the going concem basis unless il Is Inapproprfate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records Ihal disclose with reasonable accur8Cy at any time the financial position of the Charity and enable them to ensure th81 the a¢¢ounls comply with tha Chariiies Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also responsible for Safeguarding the assets of the charity and hence for taking reasonable steps for the pravention and deteciion of fraud and other irregularities. The Accounts were approved by the board of trustees Signature ........ Mr l. Kola
FRIENDS FOR YOU NOTES TO THE ABBREVIATED ACCOUNTS YEAR ENDED 31ST MARCH 2025 1. ACCOUNTING POLICIES A¢countln Conventlon The financial statements have been prepared under the historical cost convention. 2. FIXED ASSETS:. in FIXTURES & TOTAL FITTINGS C¢>st$ As at 31.03.2024 Additions As at 31.03.2025 21429 14 1163 22592 1163 22592 De eciation As at 31.03.2024 Charg8 For the Year As at 31.03.2025 14995 114 16135 14995 114 16135 Nèt Book Value As at 31.03.2025 As at 31.03.2024 6457 6434 6457 6434
FRIENDS FOR YOU LANCE HEET AS AT 31ST MARCH 2025 Appendix 2025 2024 FIXED ASSETS fA57 6434 CURRENT ASSETS (Xher debtors & Prèp8yments Cash in Hand & at Bank 44178 552346 596524 15tKM) 424326 CURRENT LIABILITIES Creditors & Accruals 33 33 NET RRENT ASSETS 596006 423987 430421 602463 REPRESENTED BY: Accumulated Fund Reserves 430421 172042 602463 366096 6432 430421
FRIENDS FOR YOU TRADING & PROFIT & LOS DED OUNT FOR THE 2025 INCOME Donations & subscrlptlons Hmrc Gift Ai 587747 32623 620370 406830 213540 381217 36012 417229 317704 99525 Less Donations Paid LESS EXPENSES P.P.S & Adverbsemenls Rent Rate5 & Utilities Insurance 117 10164 691 1703 8341 333 17322 287 1400 680 3000 1284 Is(M) Office exp. Kleeling & Hospital Bank Charges Travel ExnseS Reparrs & Renewals Charity Sponsor License Protertive Clothing Depreciation 7047 418 16013 2150 461 1241 1140 41498 35200 64325 NET INCOME FOR THE Y 172042 Add.. Accumulated fund blfvld 494746 430421 6667 494746
FRIENDS FOR YOU HEDULE OF FIXED ASSETS FOR THE 2. FIXED ASSETS:. latin Assets FIXTURES & FITTINGS TOTAL Costs As at 31.03.2024 Additions As at 31.03.2025 21429 1163 22592 21429 1163 225 D• r8¢latlon As at 31.03.2024 Charge For the Year As at 31.03.2025 14995 14995 114 16135 N•t Book Value As at 31.03.2025 As at 31.03.2024 6457 6457 6434