## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022**
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **CHARITY REGISTRATION NUMBER: 1191077**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Page 4|Trustees' Report|
|Page 5|Statement of Financial Activities|
|Page 6|Balance Sheet|
|Pages 7 to 11|Notes to the Financial Statements|
|Page 12|Independent Examiner's Report|
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 1191077 **DATE OF REGISTRATION** 31st August 2020 **START OF FINANCIAL YEAR** 6th April 2021 **END OF FINANCIAL YEAR** 5th April 2022 **TRUSTEES AT 5TH APRIL 2022** Maria Maracine Maria Daniela Maracine Adrian Tataru Mircea Tataru
**LEGAL STATUS** Charitable Incorporated Organisation
## **GOVERNING INSTRUMENT**
CIO - Association Registered 31st August 2020
## **OBJECTS**
To promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.
## **CORRESPONDENCE ADDRESS**
New Lodge Farm Red Lodge Road Polebrook Peterborough PE8 5LL
## **PRIMARY BANKERS**
Barclays Bank Plc 1 Churchill Place London E14 5HP
## **INDEPENDENT EXAMINERS**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
FRIENDS INDEED
ICharilAble IncA>rated (kgarMsab"wl
TRUSTEES, REPORT
FOR THE YEAR ENDED 5TH APRIL 2022
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hom8$.
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help by the •dvpt•rofor• ol ¢xJr doBs. h¢y*Yver things got strKk.
W• h•v• put togother a Fac•book Group (hlty5Jw.fa£b00k.¢fouP5S64Bl4O31W1. lhOh - where th
adcpb'rrfJ f8m11$ are upjabng us regardiw the dth38 and sharn wornnc•s . W• hav• •ven in•d som• fundraising-
thr¢x¥h our qrw. ho*•¥w r••poM• nol gmc be horn*L.. Vmt f•ty on th• 0P)n Fw• on our
wag86.
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8round é1.51dayld¢9 * rArn.
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Trust Str4t•gy
K••ping th• sanNry on •r*J •Kwr•Mf F•opl• to •dtyi rnl••d of g dtrJ. ar• al*tyS 8upporlTrJ
lh• •doplrs f•m41# In b)• w.
W• aro trylng lo fiTrJ and rent a pr¢Jperty (fami bu*lwYd. b•rn, etcl %•th•r• sat a ca1#•d amall R¢homing C*ntre.
a eomfort8t4e p8d#o¢k$ and all lef our dr41 10 Ipind tho pr1C90n Lyno •nd m¢•1 thoff po¢•oknal fvtur•
famll**.
Oullook lor th• Tru*t
We keep fKJhtsng ourgood c•w. In ¥Ki••o. arn 8111 hcpfiA.
rIt•' R•¥pOnbIl$
Th• r.h8nlw8 Act ?011 r•quiM lh• 1ruel• lo pmp•r• ffin•nu81 •t•*n•nts for Meh y••r gN• • tru• ¥nd loir
vkiw ol lh• $t•t• of offairn of lh• CIO ol ltho ol Il* CIO for poli. In thom fln•nd•l •t•t•m•nt• lh•
trttyts¢$ •re requirod lo..
. mak•1•Th Ind •sbmat05 that are reaaonable aThJ Pr1
' Pr4)ar2 finarKi•l ¥t•t•menl8 lh8 wrvj c¢¥rn bw it * inFgrwiwl• to pmumé that thè CIO
conts.nw in exotty
Th• trust••s •rg rewonsdJ* for k0• pwr recoth, di8dc*è *ilh r¢gwn8bk7 gc¢urncy at any timt
financial posthon ofthe CIO. They are also rèsw*bl&far¥afegu•rthty th• •M•ts of th• CIO and hence for lakw r8860ThabL•
It• for th8 pre¥wkn and d•*dion of hLKJ and ob)er irreguLgriW.
AFprov•d byth• Tru91e on .. ..........
7th May 2023.....
Swd on th8irbohaW by TrL*t•.....
Printed N8n*'. Talaru
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2022**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
102,658
-
102,658
13,870
**102,658**
**-**
**102,658**
**13,870**
98,848
-
98,848
18,614
800
-
800
550
**99,648**
**-**
**99,648**
**19,164**
**3,010**
**-**
**3,010**
**(5,294)**
(5,294)
-
(5,294)
-
**(2,284)**
**-**
**(2,284)**
**(5,294)**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 7 to 11 form part of these financial statements.
5
FRIENDS INDEED
(chatttab Incorwrabj (knT*53b(1
BALANCE SHEET
AT 6TH APRIL 2022
Totsl
Totsl
OMpr.22 OMpr41
Fur
Funds
FL¥8d A888ts
TawiNe Asset8
Invèsknents
Totsl Flx•d A•••t•
CuTrnt ABul•
Oebtors & Prepaymnts
C8sh a18ath and In Hand
Totsl Curr•nt Awts
3.280
3.260
Cr•dhorn: AJnounts fallThJ r
PIET CURRENT ASSETS
12.2841
12.2841
1S.2941
TOTAL A88Ef3 i•M e4Jn•nt litr
122UI
12.2141
15.2941
Cr•dhorn: ArnrMJnl• fAllirwJ du• th
¢n• ymr
10
NET A8JET8
Fund• ol th• Chavlty
Gene6 Fund•
R•$lricled Fun
12.2841
12.2841
15.2941
Totsl
2.214
AFprov•d by th• on...
SvJn•d on th•ir by T...
Prinl•d NwY4. T•tsru
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
7
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment 25% - Reducing Balance
## **2. TANGIBLE FIXED ASSETS**
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
5th April 2022 : None
5th April 2021 : None
8
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
102,658
-
102,658
13,870
**102,658**
**-**
**102,658**
**13,870**|
|---|---|
## **4. RESOURCES EXPENDED**
|**Note**
**a) Cost of Charitable Activities**
Advertising & Publicity
Dog Rescue & Rehoming Costs
Dog Transport & Customs Costs
Shelter Costs
Sundry Expenses
Veterinary Fees
`
**b) Governance Costs**
Independent Examiners Fees
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
560
-
560
-
34,787
-
34,787
13,375
50,522
-
50,522
2,242
6,460
-
6,460
2,922
1,924
-
1,924
-
4,595
-
4,595
76
**98,848**
**-**
**98,848**
**18,614**
800
-
800
550
**800**
**-**
**800**
**550**|
|---|---|
9
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022**
## **5. RESTRICTED FUNDS**
The CIO held no restricted during this or the previous financial period.
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**05-Apr-22**
**05-Apr-21**
£
£
**£**
**£**
3,260
-
3,260
-
**3,260**
**-**
**3,260**
**-**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**05-Apr-22**
**05-Apr-21**
£
£
**£**
**£**
-
-
-
-
**-**
**-**
**-**
**-**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Members Loans
Independent Examiners Fees|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**05-Apr-22**
**05-Apr-21**
£
£
**£**
**£**
4,744
-
4,744
4,744
800
-
800
550
**5,544**
**-**
**5,544**
**5,294**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial period.
10
## **FRIENDS INDEED**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022**
## **11. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this or the previous financial period.
## **12. TRUSTEES AND OTHER RELATED PARTIES**
During the previous financial period Trustee Adrian Tataru made an interest free loan of £4,744 to Friends Indeed to assist with supporting the short term cashflow requirements in furtherance of the Charitable objects.
No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
## **13. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **14. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **15. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
11
FRIENDS INDEED
Icharilablp 11kr)rJraled Organisaticffi)
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report lo Ihe trusleesl 1mbS of FrierKts lrnleed on lh¥ *twnls low yrai ¢rNknJ 5th Awl 2022 set oul on pagES 5 (g
Respective Respon6ibilitie• of Tru8tees and ExIn
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n••d•d.
It is my r••pon•ibilty.
lo èxamine Ihe atxounts undèr sed*)n 745 ofthe Chaiibes A
lo follcxw the edureS laid in thg general Diredp)n$ givan by the Chaiity C(xnmission lunder $8Ction
14515llbl ol the Gharfies Ad, and
to stat• •ther partieulaf matt•rs hav• eom• to my attontsjn
B••l• of Ind•pond•nt Examln•V• Statofflgnt
My examin*ion wa8 cemed out In accoTdance ger1 reC1km ghtn by the Ghailty Commlsslon. An examlnalon
in¢ludo$ • r•viow of tho o¢cY)unting rocord¢ k•pl by tho tharity Bnd a oJmparison of the account6 presenled with those
records. li also irndudes COn%derat of any unusual rtems 4iscbswes in the acrpxjnts. and seekitw &xDlanalions trom
the tru8teè8 conceming any sueh matler¥. The proc¢dut¢$ und¢rtak¢n do not pro¥Kle all the ewdence that would be
raqiiirp.d in an ALttlil. And ennwijpntly nd Opin ia owi A> io wthelher Ihe *JntS present a 'trve and foirf view and the
Ind•p•nd•nt Ex•fflln•f8 St•tsm•nt
In rnnrti my aXAminAMn. nn mAttAr Its my attp.nlM'
whiGh 94¥06 me Tvasonoble ¢aus* to b*li•ve Ihal in. any m8i•tial ra8, th¥ f*4Uil*tiiwit6.
to keep ateounting records in accordance ¥Mth s¢cbon 130 of thg CharrtiK Acl.. and
to prepare aecourns whK* accoumjng rec(Kds and (pty the lUthng requirernent$
of Ihe Gheritses Act
have not been met". lx
2. to In my opinn. attent ShAd be dM¥n In ordw lo enable a Ncttr uThJerStarIftQ of the ar£ounts lo be
K. Collaku MAAT
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Oate.. 1 Ith May 2023
12