## **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)
li0>
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:
- to examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention
## **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**
- In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. 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
13