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2025-04-05-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FRIENDS INDEED

(Charitable Incorporated Organisation)

CHARITY REGISTRATION NUMBER: 1191077

Castle View Accounting Ltd Ground Floor Offices

53 High Street Arundel West Sussex BN18 9AJ

FRIENDS INDEED

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 to 5 Trustees' Report
Page 6 Statement of Financial Activities
Page 7 Balance Sheet
Pages 8 to 12 Notes to the Financial Statements
Page 13 Independent Examiner's Report

2

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 2024 END OF FINANCIAL YEAR 5th April 2025 TRUSTEES AT 5TH APRIL 2025 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

Little Tithe Farm Blidworth Lane Calverton NG14 6NY

PRIMARY BANKERS

Barclays Bank Plc 1 Churchill Place London E14 5HP

INDEPENDENT EXAMINERS

Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

3

FRIENDS INDEED

(Charitable Incorporated Organisation)

TRUSTEES' REPORT

FOR THE YEAR ENDED 5TH APRIL 2025

1. OBJECTIVES AND ACTIVITIES

Friends in Deed exists to rescue, rehabilitate and rehome dogs and, where possible, cats in need.

The charity prioritises animals at greatest risk, including those that are elderly, disabled, abandoned, or at imminent risk of euthanasia, both within the UK and overseas.

2. REVIEW OF ACTIVITIES AND ACHIEVEMENTS

This financial year marked our first full year operating from our new base at Little Tithe Farm, Nottinghamshire, following our relocation from Cambridgeshire / Northamptonshire, in April 2024.

Awareness of our work in the local area has grown steadily, and we have continued to support rescue efforts across Nottinghamshire, Derbyshire, Leicestershire, Lincolnshire and surrounding counties.

Friends Indeed has also continued to assist with the rescue and rehoming of dogs from Romania, working with trusted partners to save dogs facing extreme hardship. Due to limited space, time and resources, we regrettably had to decline a number of cases during the year.

Significant work was undertaken to adapt the facilities at Little Tithe Farm, including the installation of fencing, conversion of stable buildings into kennels, and creation of a secure paddock area.

These improvements were largely funded personally by the trustees. The paddock allows dogs to socialise safely and exercise daily, supplemented where possible by walks in nearby woodland.

The kennels are maintained to a high standard, ensuring clean, warm and appropriate living conditions for all animals in our care.

During the year ended 5 April 2025, Friends in Deed successfully rehomed approximately 140 dogs and 6 cats, representing a modest increase on the previous year. Over 30 dogs were taken in from fellow rescue organisations following adoption breakdowns, many of which required significant behavioural or medical support. A small number of long-term residents remain in our care due to ongoing behavioural or welfare challenges.

Priority continued to be given to dogs in critical situations, including those considered “unadoptable” elsewhere, dogs with medical needs, and animals facing euthanasia despite being otherwise healthy.

3. FINANCIAL REVIEW

The charity continued to operate under significant financial pressure during the year. Adoption fees alone do not cover the full costs associated with rescue work, including veterinary treatment, vaccinations, transport, fostering and kennelling expenses. Following the cessation of my employment in December 2024, the trustees experienced increased personal financial strain and relied on personal funds and short-term loans from friends and family to sustain operations.

4. FUTURE PLANS

Given current financial and personal constraints, the trustees are considering a temporary reduction or pause in UK-based rescue activities. Friends in Deed remains committed to animal welfare and intends to continue supporting rescue efforts where possible, including overseas rescue and post-adoption support.

The trustees continue to explore the possibility of securing a suitable property to develop as a long-term rehoming centre, subject to planning permission and funding availability.

5. GOVERNANCE

The trustees confirm that this report has been prepared in accordance with the Charities Act 2011 and applicable accounting and reporting requirements.

4

FRIENDS INDEED Witable Incorp)Taled Chyari5*Th1 FOR ThE YEAR ENfJED STH APRIL 2025 OL?/d£/ 2￿£c

FRIENDS INDEED

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

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
2024/25
2023/24
£
£
£
£
99,183
-
99,183
74,461
99,183
-
99,183
74,461
96,609
-
96,609
66,967
1,080
-
1,080
960
97,689
-
97,689
67,927
1,494
-
1,494
6,535
(1,910)
-
(1,910)
(8,445)
(416)
-
(416)
(1,910)

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 8 to 12 form part of these financial statements.

6

FRIENDS INDEED IC*thaUt I)g3fiyLM) BALANCE SHEET AS AT 5fH APRIL 2025 TOTAL Fwds Tillal FIrl￿ A55ots t.￿4 1.674 7S3 753 1.GT4 GG4 {416) (416) 11.910) (4161 14161 o>t¥ NET ASSETS 161 41 1.910 1416) 1416) li￿0> 41

FRIENDS INDEED

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.

8

FRIENDS INDEED

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2025

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 2025 : None

5th April 2024 : None

9

FRIENDS INDEED

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2025

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gifts & Donations		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
99,183
-
99,183
74,461
99,183
-
99,183
74,461

4. RESOURCES EXPENDED

Note
a) Cost of Charitable Activities
Advertising & Publicity
Dog Food & Accessories
Dog Rescue & Rehoming Costs
Dog Transport & Customs Costs
Insurance Costs
Shelter Costs
Sundry Expenses
Veterinary Fees
`
b) Governance Costs
Independent Examiners Fees
9		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
6,585
-
6,585
2,651
5,621
-
5,621
4,805
44,122
-
44,122
23,408
30,883
-
30,883
24,095
1,443
-
1,443
1,122
1,760
-
1,760
3,737
-
-
-
-
6,195
-
6,195
7,149
96,609
-
96,609
66,967
1,080
-
1,080
960
1,080
-
1,080
960

10

FRIENDS INDEED

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2025

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-25
05-Apr-24
£
£
£
£
1,674
-
1,674
753
1,674
-
1,674
753
Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
05-Apr-25
05-Apr-24
£
£
£
£
-
-
-
-
-
-
-
-

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Members Loans
Independent Examiners Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
05-Apr-25
05-Apr-24
£
£
£
£
51
-
51
744
2,040
-
2,040
1,920
2,091
-
2,091
2,664

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The CIO held no long term liabilities during this or the previous financial period.

11

FRIENDS INDEED

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2025

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 financial period Trustee Adrian Tataru made an interest free loan of £20,890 (2023/24:£29,009) to Friends Indeed to assist with supporting the short term cashflow requirements in furtherance of the Charitable objects.

During the financial period the Charity repaid loans to Trustee Adrian Tataru totalling £21,583 (2023/24:£35,842) and the outstanding loan liability repayable stands at £51 (2023/24:£744) as at 5th April 2025.

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.

12

FRIENDS INDEED

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Friends Indeed on the accounts for the year ended 5th April 2025 set out on pages 6 to 12.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

Date: 5th February 2026

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