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2022-03-31-accounts

Charity number: 1180725

FRIEND IN DEED

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FRIEND IN DEED

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 20

FRIEND IN DEED

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Faith Chmura (née Al-Egaily), Chair Victoria Holt Emma Frost

Charity registered number 1180725 Principal office 12 Norwich Road Cawston Norwich Norfolk NR10 4EX Accountants MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ

Page 1

FRIEND IN DEED

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the financial statements of charity for the year 1 April 2021 to 31 March 2022.

During the year covered in the financial statements that follow, despite the majority of visits being prohibited as a result of the Coronavirus pandemic, Friend in Deed has maintained a sustainable membership scheme for care homes, obtained project funding, established strategic relationships and received media coverage¹. The publicity of Friend in Deed aided recognition of the cause and the need that the organisation was established to meet. It demonstrates a wider and growing understanding of the importance of promoting social inclusion by preventing people from becoming socially excluded, and of relieving the needs of older people who are socially excluded and assisting them to integrate into society. This year using remote provision was necessary. Friend in Deed provides social and recreational events involving the local community and the focus on intergenerational activity has been particularly well received and understood. The Friend in Deed resolve to continue to engage with and encourage friendships between people of all ages is strengthened by seeing the positive impact on their lives.

The Trustees recognise the importance of volunteers. In addition to being central to the membership scheme Friend in Deed offers, volunteers also support events, administration, activity delivery and managing community projects.

¹ ITV News, Radio Norfolk, Future Radio, BBC Radio Cambridgeshire, Eastern Daily Press, Norwich Evening News

Structure, governance and management

a. Constitution

Friend in Deed is a Charitable Incorporated Organisation (registration number 1180725), and is constituted under a Trust deed.

b. 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 Trust deed.

Objectives and activities

a. Policies and objectives

The objectives of the charity are defined in the Friend in Deed Constitution dated 12 November 2018.

To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of older people who are socially excluded and assisting them to integrate into society, by providing social and recreational facilities and events involving the local community.

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)'.

Page 2

FRIEND IN DEED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

b. Strategies for achieving objectives

Friend in Deed depends on grants, donations, income generated from the monthly membership scheme and other fees to cover operating costs. In setting the level of fees, concessions and bursaries, the Trustees give careful consideration to the accessibility of programmes and facilities in relation to the objectives.

c. Activities undertaken to achieve objectives

Friend in Deed activities include year round provision of engagement opportunities for people across East Anglia. The period was very successful with virtual events at 19 care homes and postal events at 23 care homes. Unfortunately, people did not meet during the period in sheltered housing sites or day centres for older people. Friend in Deed found innovative ways to engage with 320 older people in the period.

At the end of the year, 21 care homes remained members of the scheme which usually provides regular events within each setting. In order to embrace social distancing requirements introduced to safeguard our communities, the scheme was modified in March 2020 to allow relationships to be established and maintained remotely. Membership provides regular interaction between the generations and has resulted in an improvement in the wellbeing of older people in care settings. The regular nature of membership income from care homes on this scheme is important for the sustainability of Friend in Deed. In order to remain inclusive, if care home management want to take part in the scheme but is unable to pay for membership, Friend in Deed has sought partial subsidy or full funding for membership to allow as many care homes to partake in the scheme as possible. Four of the membership care homes were in receipt of subsidy or had membership paid in full by grant funding or corporate sponsorship.

In addition to membership events, Friend in Deed organises music sessions that care homes book to suit the setting calendar and available resources. These sessions include activities around singing and movement and are also attended by younger people.

Friend in Deed worked with one university, one college, 13 schools, two nurseries and two child minding settings on projects using written communication and video technology to increase impact and support the most isolated older people in care homes and children in schools, babies and toddlers.

In the activities outlined above², approximately 5,750 hours of engagement took place in the period.

Community and themed events usually held on notable dates of celebration were not permitted during the period. Friend in Deed hopes to resume this activity in the future.

Corporate sponsors and local not for profit organisations recognised the impact of isolation on care home residents and provided funding to purchase equipment to address the problem.

Many carers, families and friends of older people report that their loved ones look forward to communicating with the younger people and children. Many of the Friend in Deed supporters using platforms such as Just Giving are those who see the impact of our engagement activity most clearly; family members of residents or staff from the care homes. Supporters made personal donations or held funeral collections in the name of a relative who has passed away. The young people and their guardians greatly enjoy and gain confidence from the companionship and experience of the older people and attend regularly to help children build lasting relationships.

The amount of individual giving during the year was over £2,000 (previous period spanning the early pandemic almost £10,000) and remains indicative of the support garnered for care home residents and the positive experience of everyone involved. The Friend in Deed business plan documents the intention of the Trustees to build a strong and resilient organisation, provide excellent value and repeatable experiences that improve the wellbeing of those involved.

Page 3

FRIEND IN DEED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

² Intergenerational Care Remote Visits (Little Visitors, Junior Visitors, Community Visitors, Community Visitors Adult, Music Sessions, School Projects, Care Home Choir, Pen Pals Scheme, care home activity collaborations such as science sessions and a virtual Trick or Treat Halloween event, All Ages Love Learning, weekly newsletter for care home residents, Clarion Future Community Kindness Award, Clarion Community Connections Award, Junior Care Home Ambassador scheme, Junior Artist Programme, Norwich City Football Club (NCFC) Academy visits for care home residents.

d. Volunteers

The value of time and services provided by volunteers has not been included; this amounted to 120 hours back office support and 5,750 hours community engagement during the year.

e. Main activities undertaken to further the charity's purposes for the public benefit

In planning activities, as set out above, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging.

Achievements and performance

a. Main achievements of the charity

Page 4

FRIEND IN DEED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

a. Going concern

With most pandemic related restrictions lifted in the UK, the financial statements have been prepared on a going concern basis as the Trustees believe that the uncertainties regarding future visits to care homes are reduced. The objectives of Friend in Deed remain unaffected and methods are available and in place to continue activities and engagement regardless of procedures that vary across the care home scheme membership. The organisation has modified the basis of activity to include remote support to care settings within the membership, although face to face visits are now allowable in some homes. At the date of the signing of this statement, scheme membership remains stable, and visitors are allowed inside some care homes (albeit it with very different covid related admission requirements). The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The forecast income is sufficient considering the level of expenditure for the charity to be able to continue as a going concern.

b. Reserves policy

At 31 March 2022, free reserves were £8,579 ( 2021: £7,986 ). The Trustees work towards a minimum reserve of three months operational commitment (to be adjusted as operational commitments change), with an optimum of six months.

c. Results for the year

The financial statements have been prepared in accordance with current statutory requirements and comply with the terms of the charitable company’s governing document.

The surplus on unrestricted funds for the period was £593 ( 2021: £3,964 ).

Restricted funds held and carried forward at 31 March 2022 were £10,580 ( 2021: £16,577 ).

Total income was £40,593 ( 2021: £57,667 ) of which 23% ( 2021: 42% ) was restricted.

Income from grants and contracts continued to be critical to the ability of Friend in Deed to maintain its activities. Major sources of funding are disclosed in the notes to the financial statements. A breakdown of expenditure for the year is also disclosed in the notes to the financial statements.

Page 5

FRIEND IN DEED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which 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:

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 Charities Act 2011, the Charity (Accounts and Reports) 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 prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Faith Chmura (née Al-Egaily) (Chair of Trustees) Date: 21 July 2022

Page 6

FRIEND IN DEED

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

Independent examiner's report to the Trustees of Friend in Deed ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2022.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Page 7

FRIEND IN DEED

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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: Alice Lynch BSc ACA DChA

Dated: 21 July 2022

MA Partners LLP

Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ

Page 8

FRIEND IN DEED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Voluntary income
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
Charitable activities
5
Total expenditure
Net (expenditure)/income
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
10		 Unrestricted
funds
2022
£
6,221
25,160
31,381
639
33,041
33,680
(2,299)
2,892
593
7,986
593
8,579		 Restricted
funds
2022
£
9,212
-
9,212
-
12,317
12,317
(3,105)
(2,892)
(5,997)
16,577
(5,997)
10,580		 Total
funds
2022
£
15,433
25,160
40,593
639
45,358
45,997
(5,404)
-
(5,404)
24,563
(5,404)
19,159		 Total
funds
2021
£
38,523
19,144
57,667
200
46,684
46,884
10,783
-
10,783
13,780
10,783
24,563

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 20 form part of these financial statements.

Page 9

FRIEND IN DEED

BALANCE SHEET AS AT 31 MARCH 2022

Note
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
10
Unrestricted funds
10
Total funds		 1,141
18,818
19,959
(800)		 2022
£
19,159
19,159
19,159
10,580
8,579
19,159		 1,211
25,571
26,782
(2,219)		 2021
£
24,563
24,563
24,563
16,577
7,986
24,563

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Faith Chmura (née Al-Egaily) (Chair of Trustees) Date: 21 July 2022

The notes on pages 11 to 20 form part of these financial statements.

Page 10

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies

1.1 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 Charities Act 2011.

Friend in Deed 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.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.

1.2 Going concern

With most pandemic related restrictions lifted in the UK, the financial statements have been prepared on a going concern basis as the Trustees believe that the uncertainties regarding future visits to care homes are reduced.

The objectives of Friend in Deed remain unaffected and methods are available and in place to continue activities and engagement regardless of procedures that vary across the care home scheme membership. The organisation has modified the basis of activity to include remote support to care settings within the membership, although face to face visits are now allowable in some homes. At the date of the signing of this statement, scheme membership remains stable, and visitors are allowed inside some care homes (albeit it with very different covid related admission requirements).

The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The forecast income is sufficient considering the level of expenditure for the charity to be able to continue as a going concern.

1.3 Income

All income is recognised once the charity has entitlement to the income after any conditions have been met, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For donations and grants to be recognised the charity will have been notified of the amounts and the settlement date. If there are conditions attached to the donation or grant and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfillment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Care scheme income includes membership fees for the Little Visitor scheme within care settings. Income is recognised in line with the membership benefits received.

Page 11

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.4 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 on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid.

1.6 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.

1.7 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.

1.8 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 12

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Bad debt provision

A provision is made based upon debts that are not considered to be collectible. This is assessed annually and is predominantly based upon the ageing of debt balances. The trade debtors balance at the reporting date is presented net of the provision made. At the 31 March 2022 the provision was £NIL ( 2021 - £1,530 ).

3. Voluntary income

Unrestricted
funds
2022
£
Legacies
-
Grants, donations and sponsorship
6,221
Total 2022
6,221
Total 2021
14,118		 Restricted
funds
2022
£
-
9,212
9,212
24,405		 Total
funds
2022
£
-
15,433
15,433
38,523		 Total
funds
2021
£
765
37,758
38,523

4. Income from charitable activities

Unrestricted
funds
2022
£
Care Scheme income
25,160
Total 2021
19,144		 Total
funds
2022
£
25,160
19,144		 Total
funds
2021
£
19,144

Page 13

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Analysis of expenditure by activities

Charitable activities
Total 2021
Analysis of direct costs
Project expenses
Self employed personnel
Travel
Analysis of support costs
Office costs
Bad debts
Professional fees
Insurance
Marketing
Bank charges		 Activities
undertaken
directly
2022
£
43,494
42,871		 Support
costs
2022
£
1,864
3,813		 Total
funds
2022
£
45,358
46,684
Total
funds
2022
£
12,661
29,551
1,282
43,494
Total
funds
2022
£
1,120
(1,110)
800
574
384
96
1,864		 Total
funds
2021
£
46,684
Total
funds
2021
£
13,376
28,580
915
42,871
Total
funds
2021
£
1,283
930
780
407
344
69
3,813

Page 14

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Independent examiner's remuneration

2022 2021
£ £
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts 560 540
Fees payable to the charity's independent examiner in respect of:
Taxation compliance services 240 240

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL) .

8. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2022
£
600
541
1,141		 2021
£
670
541
1,211

9. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2022
£
-
800
800		 2021
£
23
2,196
2,219

Page 15

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Aviva
Flagship
Norfolk Community Foundation
("NCF") - Lovewell Blake
Broadland District Council
BCKLWN
Cromer Town Council
Cladspray Solutions
NCF - Paul Bassham
Aviva All Ages Love Learning
Co op Local Community Fund
Clarion Futures FiD Community
Kindness Award Pilot
Voluntary Norfolk Better
Together
NCF - Birketts
Tesco - Groundworks - Junior
Artists Project
Total of funds		 Balance at 1
April 2021
£
7,986
628
1,020
427
79
320
560
66
1,000
5,474
1,808
5,000
195
-
-
16,577
24,563		 Income
£
31,381
-
-
-
-
-
-
-
-
-
1,472
2,500
-
4,240
1,000
9,212
40,593		 Expenditure
£
(33,680)
(628)
-
(390)
-
-
-
(66)
(999)
(1,556)
-
(5,171)
(205)
(2,585)
(717)
(12,317)
(45,997)		 Transfers
in/out
£
2,892
-
-
(37)
(79)
(320)
(560)
-
(1)
-
-
(1,125)
10
(780)
-
(2,892)
-		 Balance at
31 March
2022
£
8,579
-
1,020
-
-
-
-
-
-
3,918
3,280
1,204
-
875
283
10,580
19,159

Page 16

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Aviva
Flagship
Norfolk Community Foundation
("NCF") - Lovewell Blake
Broadland District Council
BCKLWN
Coca Cola
Tesco
Cromer Town Council
Cladspray Solutions
NCF - Paul Bassham
Persimmon Community
Champion
Aviva All Ages Love Learning
Co op Local Community Fund
Clarion Futures FiD Community
Kindness Award Pilot
Voluntary Norfolk Better
Together
NCF - Covid-19 Community
Response Fund
Total of funds		 Balance at
1 April 2020
£
4,022
4,914
1,020
1,381
200
320
1,923
-
-
-
-
-
-
-
-
-
-
9,758
13,780		 Income
£
33,262
-
-
-
-
-
-
500
1,000
5,000
1,000
1,000
7,797
1,808
5,000
300
1,000
24,405
57,667		 Expenditure
£
(34,282)
-
-
(954)
(121)
-
(1,919)
(500)
-
(4,934)
-
(999)
(2,323)
-
-
(105)
(747)
(12,602)
(46,884)		 Transfers
in/out
£
4,984
(4,286)
-
-
-
-
(4)
-
(440)
-
-
(1)
-
-
-
-
(253)
(4,984)
-		 Balance at
31 March
2021
£
7,986
628
1,020
427
79
320
-
-
560
66
1,000
-
5,474
1,808
5,000
195
-
16,577
24,563

Page 17

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Statement of funds (continued)

Funding received from Aviva was used to cover the monthly fees for 5 care homes to be members of the Little Visitor scheme.

Funding received from Flagship was for one off events and Little Visitor events within sheltered housing. No such events or visits took place during the current year.

Funding was received from The Lovewell Blake Fund through the Norfolk Community Foundation for the provision of specialists at 20 intergenerational events. A transfer to unrestricted funds of £37 has been recognised during the year representing contributions towards such events.

Broadland District Council provided a grant for costs associated with VE Day celebrations. During the year a transfer of £79 was made to unrestricted funds representing a contribution from the grant towards the charity's core costs.

Funding from BCKLWN was provided to cover the costs of 3 music based events. A transfer to unrestricted funds of £320 has been recognised during the year representing contributions towards such events.

Funding was received from Cromer Town Council to subsidise the monthly fees for Halsey House care home to be a member of the Little Visitor scheme. A transfer to unrestricted funds of £560 has been recognised during the year representing these monthly fee contributions.

A donation received from Cladspray Solutions was for the purchase of equipment for care homes and the charity.

Funding received from The Paul Bassham Fund through Norfolk Community Foundation was for the purchase of resources and equipment for the charity and for the delivery of activities in care homes.

Funding received through Aviva crowdfunding was for the All Ages Love Learning project. This project provided schemes of learning for care home residents and school children to both participate in.

The Co op Local Community Fund provided a grant for one off Zoom activities to support intergenerational connections.

Clarion Futures provided funding for the development of a community kindness award for children to benefit from. During the year transfers of £1,150 were made to unrestricted funds representing contributions from the grant towards the charity's core costs.

Funding received from Voluntary Norfolk was for the Better Together project. This was a penpal scheme between 25 children and 25 care homes.

Funding was received from the Birketts Fund through the Norfolk Community Foundation to support the costs of the Keep Smiling project helping to keep care home residents and Little Visitors connected. A transfer to unrestricted funds of £780 has been recognised during the year representing contributions from the grant towards the charity's core costs.

Tesco provided funding through Groundworks for the Junior Artists Project following the charity's success in Tesco's blue token collections. The project involved children in the community, particularly those from low income households, receiving new art sets to design art work for care home residents to enjoy.

Page 18

FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2021
£
7,986
16,577
24,563
Balance at
1 April 2020
£
4,022
9,758
13,780		 Income
£
31,381
9,212
40,593
Income
£
33,262
24,405
57,667		 Expenditure
£
(33,680)
(12,317)
(45,997)
Expenditure
£
(34,282)
(12,602)
(46,884)		 Transfers
in/out
£
2,892
(2,892)
-
Transfers
in/out
£
4,984
(4,984)
-		 Balance at
31 March
2022
£
8,579
10,580
19,159
Balance at
31 March
2021
£
7,986
16,577
Summary of funds - prior year
General funds
Restricted funds
24,563

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Current assets
9,379
Creditors due within one year
(800)
Total
8,579		 Restricted
funds
2022
£
10,580
-
10,580		 Total
funds
2022
£
19,959
(800)
19,159

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FRIEND IN DEED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
10,066
(2,080)
7,986		 Restricted
funds
2021
£
16,716
(139)
16,577		 Total
funds
2021
£
26,782
(2,219)
24,563

13. Related party transactions

During the year ended 31 March 2022, no transactions with related parties occurred ( 2021 - none ).

Page 20