Company Registration No, N1604557 (Northern Ireland) 'JCCI8A¥7* 1410912023 COMPMIES HOUSE JM
10
Friends Forever Europe (A cornpany limited by guarantec and not having a share capital) Directors, Report and Unaudited Financial Statements For the Year ended 31 December 2022 CCNI Reference NIC 103419
FRIENDS FOREVER EUROPE COMPANY INFORMATtON DirectOTS Mr Stephen Martineau Mr Paul Cain Mr Joshua Hall Ms Jessica Maye Secretary Mr Stephen Martineau Company number N1604557 CCNI Charity number NIC 103419 Registered Office 8 Circular Road Colernine Co Londonderry Northcrn Ircland BT52 IPS Accountants Infot&x Ltd River Housc Business Centre 3 C&8tle Lane Col¢rain¢ BT513DR Business Address 10 Cornmill Quay Annalong County Down Northern freland BT34 4QG Bankers Bank of Ireland Belfast City Branch 4-8 High Str¢¢t Belfast Northern Ireland BTI 2BA
FRNDs FOREVER EUROPE CONTENTS Pag¢ Directors. report Accountsnts, report Statement of fmancial activities Balance Sheet Notes to the financial statements 9-13
DIRECTORS, REPORT FOR THE Y&4R ENDED 31 December 2022 The (who are also the truslees of the charitsbk company) prasent their report and financial statements for the year ended 31 December 2022. The financial statcments have been pr• in aC[danLy with the SORP (FRS102) and the requiTevnents of the Compantes, Act 21J)6 as applicable to comparnes subj'ect to srnall companies regime. The disclosure requiren]ents of stttion IA of FRS 102 have been applieJJ other than wh¢r¢ tidditional disclosure is rwuired to show a true and fair view. Principal Activities Friends Folcver Ewop¢'s principle Purpose is promole crossll¢ommunity WOTk through youth focused programming. Through voluntew service projects and inte8]Ve COTnmunic8tion and collaboration activities. Friends Forever inspiTeS a new generation of youth leader5 to be confident and eMp)weI amb&8sadors for peace in their own famili¢s. schools and communities. Youth participants and adult educator5 from all over Northern Ireland are the direct beneficiaries of Friends Forevevs work. Sccondary bcncfits ar¢ afforded to the fami'lies of the youth participants, the NGOS that Friends Forever pathcrs witl4 and the communities that they serve, both because of our Work to cut down on starIan behaviour but also beCae of our pro8rammthc emphasis on servirTrb&sed learning and professional development to make our particip¢$ more prepar to enter the WOTkfor¢e (public ykin& confidence, professional dorUM etc,) Friends ForeVerOF¢ has been offerin8 progran to Northern Ireland since 1986 from our USA based charity and has workd with numero youth organititions in that time. The public will benefit from this organization in there will Ix a more pea society. There are no privale benefits accnKd in this mission or pot¢ntial harrn from the purposes OrgAnlsatlon Structure The committee consists of 4 directors who adnJiThister the charity and meet regularly. The Committ are responsible for the strategic direction and policy of the organisation. Committee members are from a variety of professional backgrounds relevant to the work of the charity. The Committee as & whole was approved by the AGM ond continues to monitor its membership. Dlre¢to The following dir have held office duriDg the year end 31 De¢ernber 2022 Mr Stephen Martiiieau Mr Paul Cain Mr Joshua Hall Ms Jessica Maye Results Th¢ results for the year ar¢ s¢t out on page 7 Totsl inming resourccs for thc year were £211063.95 (2020- £28319.26), of which £37532.71 w&8 8enera*d from fees and £173531.24 received from donations. £172339.34 of which from Friends Forever USA and £1191.90 from mk8cel1anus. Totsl resouw ¢xpcnded were £62756.26 (2020- £82398.40) of which £0 w&s expended on wages. The company retsmied a surplus in resources for the year of £148307.69 {2020- £) 65920.86). At 30 December 2022 the totsl fimds of the charity amounted to £521399.40 (2021- £373091.71), of which £91K)O.(hS is unrestricted
Frfends Forever Europe DItIECTORS' REPORT FOR THE YEAR ENDED 30 DECEMBER 2022 (CONTIN) Reserves poliey The conunittee consider it prudent lo hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the fvture of its employment caplty. users, well-being and general charity work in jeopardy. Risk managtmeDt The committee are aware of the major risks W which the organisation is exposed. Where appropriale. SYSten or procedures have been established to mitigate thc risks thc charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are periodically r¢viewed to ensure that they continue to meet the needs of the organisation. Procedures are al80 in place to ensure compliance with he741th and safety of volunt¢¢rs and ¢li¢nts. Statement of directors, responsibilitles The directors are responsible for preparing th¢ Directors, report and the financial statements in accordance with applicable law and r¢8ulations. Under that law the dIrlots have elect&J to pryare th¢ financial 8tst¢ments in accordance with SORP (FRS102) Under company law th¢ directors must not approve the financial ststements unless are satisfieAI that they giv¢ a true and fair view of the ststr of affaits of the CLimpany for thatperio In prepanng those fmancial ststements the dire015 ar¢ rquired to: select suitsble accounting policies and then apply them consist¢ndy' observe the rnethotts and principles in the Charity SOIIP; make judgements and accounting estirnates that are ronable and prudent: prepare the financial statements on the 80in8 concern basis unless it is inappropriate to presume that the company will ¢onlinue in busin¢ss. The ditEc¢ors are respolible for keeping *le4uats accounting records that are sufficient to show and explain the companls transactions and disclose with reasonable accurdcy at any time the financial position of the company and enable them lo ensure that the financial statements comply with th¢ Companies Act 2006 and relevant charity legislation. They are a150 re5POTLsible for safe8uarthn8 the a&sets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. TAxallon The company is a charity and is rS01$ed &8 such by HMRC for taX8ti00 puryos¢s. As a rUl( theTe is no liability to t&xatr'on of any of its income. This report has been prepared in accordance with the provisions rela¢in8 to small companies within Part 15 of th¢ Companies Act 2006 (FRS 102) and in accordance with the Charity SORP 2015. By ord¢r of the board Mr Stq)hen Martineau 7 May 2023
REPORT OF TrIE INDEPEND EXAM[ToTHE BOARD OF DIREcfoRS ON THE UNAUDrrED FINANCL4L STATEMENfs OF FRIENDS FOREVER EUROPE In order to a8SiSt you fulfil your duties undeT the Companies Act 2006, we have Compiled the finan¢ial statements of Friends Forever Europe for the year ended 31 December 2022, s¢1 out on pages 4 to 12 from thc accounting records and inforniatioo and explanats'ons you have V¢Tr to us. ective onsibilities of dIt(S and examiner You have aCknWIedgcd on the bance sheet as at 31 December 2022 your duty to ensure that the Company bas kept adequate accounting records and to prepare financial statements that ve a ITue and fair view wider the Companles Act 21J)6. You consider that the Company is exempi from the statutory requirement for an audit, for the year and thpdt an indeF*ndent exarnination is needed. Having satisfied myself that the charity is not subject to audit und¢r Company law and is eligible for independent examination, it is rny rcsponsibility to: Examine the accounts. and State whether particular mattcTS have come to my attention. B&sis of in endent examinees re ort An cxamination includes a review of the aOuntIng reLonts kepi by the charity and a rAm1paris of the 8co)unts presented with those reTh)rd8. It also includes considerab'on of any UnsUal itenLS or th'sclosures in the acwunts and seeking explanatio8 from you •s trustees wncerning any such matters. The procedures undertsken do not provide all the evidence that would be required in an audit and cowuently no opinion is Ven &8 to whether the accounts present a'true and fair view and the rep)rt 18 limited to those matta5, set out in the next slatement. Inde dent examinces statern¢nt In connection with my extim1ntitio I have ¢0Mmended that due to the ongoing impact of Covid 19 on trade. the charity sIN)uld aim to build up th¢ir reserve policy, (l ) Which gives me reasonable rAuse to believe that in any rnaterial aspect the requirements: . To keep accounting records in rdance with section 386 of tbe Companies Act 2006: and To prepare 2¢¢ounts which accord with the aceountin8 records, cornply with the accounting requirements of section 396 of the Companies Act 21M)6 and with th¢ methods and principles of ihe Ststement of Recommended Practice: Accounting and Reporting by Charities have not been met., or (2) To which in my opinion, attention should be drawn in ord¢r to enable a proper understanding of the ac¢ounts to be reached. Ms Juli¢ Tosh Infotax Ltd River House Business Centre 3 Castle Lane Coleraine BT513DR Date: 17 May 2023
la FOrer Eun)pe Statement of Financial Activities Year ErKled December 2022 Unrestricted RutrA¢ted Endowment fund5 funds funds Totsl Prior year fund$ total funds Ineomt and endowments from: Donations and legacie5 Income from charitable activities Other trnding activities Investments Other income Total income 1191.90 172339.34 173531.24 181744.11 37532.71 38724.61 37532.71 66607.82 172339.34 211063.95 242120.00 ExpeDditure on: Raising funds Expcnditure OD charitsble activities Other expenth'ture Total expendfiture 62756.26 62756.26 82398.40 62756.26 62756.26 82398.40 Gairks I losses on investment assets Net Ineome l (expendilurt) resources before transfer (24031.65) 172339.34 J48307.69 165920.86 Transfer8 GTOSS transfeTS between fvnds - in Gross transfers belween funds - out Other recognised giins I losses Gains on rev8luatioA, fixed assets, charity's own 172339.34 172339,34 180000.00 Net niovement In fund$ 172339.34 172339.34 181)0(X).l) Total funds brought fonY#rd 33091.71 340000.00 37309J.71 207170.85 Total funds carrled forward 9060.06 512339.34 S21399.40 373091.71 Repre$ented by Unrestricted General fund 9060.06 9060.06 33091.71 Endowment Friends Forever International 512339.34 512339.34 340000.00
iend¥ Forever Ewope Balance sbeet As at 31 December 2022 Class De$¢rl tlo Tbls ear Lt ear Flxed assets Freehold Property Total Ftsed au¢ts 511415.00 511415.00 511,41S.I)0 511,415.00 Current Assets Bank Curnt AG¢ouDt Petty Ch Prepayments Accounts Receivable Total CurreDt 255ets 12555.18 33321.12 12555.18 33321.12 LlablUd¢$ 172339.34 23.29 (1468.22) 750.00 Trnde CTedi¢ors Other Creditors ACcnlS 1568.54 302.24 700.00 Total LlabUItI¢$ 2570.78 171644.41 Net Asset 8urplus(dellell) 521399.4Q 373091.71 Excess / (deficil) to date Startin8 bal¢¢$ Total Reserves 148307.69 373091.71 521399.40 165920.86 207171.00 373091.71 Reserves Repre$eDted by f•nd$ Unre$trictcd EndowrneD¢ Total 9060.06 512339.34 SJ2399.40 33091.71 340000.00 373091.71 For the financial year end4 31 December 2022 the company w&8 eDtitled to exernOi(m frorn audit und¢r Stion 477 Qympani¢s Act 21K16. No mcmber Df the ¢ornpany hAs dwsit*l a Dotic4 purs1 to section 4761 ro4uirin8 an audit of these financial ststem¢Dts Under the requirernts of the Compam'¢$ Acl 2Crf)6. The directors a¢knowledge their re5PODsibilities for ensuring that the ¢ornpany keeps ll¢¢ounting rOrdS whi¢b comply with section 386 of the Act and for prepillE financiil statements which give a true and fair view of the slate of affairs of the eA)mpany as ai the end of the financial year in Kcordance with the requirements of 5ection5 394 and 395 aDd wbi¢b otherwise comply with th¢ requirements of the Companies Art 2(KJ6 r¢latin8 to a¢¢owits, so far as applicabl¢ to th¢ ompany. The$¢ finats¢ial $tstements bave been prepared in acconlance with the provisions applicable to companies subjecl to the srnall companies, regime within part 15 of th¢ Companies Act 2006. by the Board and authoris¢d for i&su¢ on 17 May 2023 St hen Martineau y Registration No. N1604S57
The notes on pages 9-12 form park of thesc financial statemenls and $hould be read io conjunction therewith. Frfen(Lq Forever Europe l Basls of preparntlon 1.1 Accounting convention The finaneial ststements are prepared under Ihe tiistori¢al cost eonvention Items reeogntrld at cost or tr8nsa¢tion value unkss otherwise stated in the relevant note& 1.2 Complianee wlth aeeouotlDg standards The fancial ststements are prepared In alrdanCe FRS 102 "The Flnan¢ial Reporting Standard spplicAble fn the UK and Republic of Ireland". The disdoswe requireJnents of sectlon l A of FRS 1112 have been appld other than where addi¢N)ng1 disclosure is required to show a true and fair view. The fmancial ststements have gLso been prepare41 In actordance wfith the StateDnt of Re¢ommended Practlct"Accowitlng aDd Rqborting by Charitles" 1.3 Golng concern Tbere Lg no reason to belkve thal Ihe Charlty not eonllnue a golng eoocerD. 1.4 Change of accountlng poll¢y Tbe Accounts preseiit a triie and fatr vlew Ind no ebinges bave been made to the a¢couD¢ing poliei 1.5 Changes to accouDting estimte$ No ¢banges to a¢¢ounthig esthnates have oc¢urred in the rq)ordng perlod. 1.6 Fund 8CCOUntlO8 Unrwtricted funds are gen¢rnl funds that are avallable for use at tbe dlrectors, dAscretion in furtheraace of the objediva of th¢ tharity. ResttlLd funds are those donated for use in a parti¢ulr rn or 4xdfic punJose4 the we of which is reslykted to that area or purp( 2. Ac¢ounllllg polleles 2.1 Incomlng resources All incoming resources are Included In Ibe statement of financial a¢tivitie$ when Qhe charlty 1$ entltled to . the Sncome and the amounl can be quantird with reasonable accuracy, The following specific policies Are applied to PArticulsr cgte8ori¢s of ineome: Inves1nnt Sncome 6$ Included when rffelvabk. Income from Charitable attse8 Includes Income re¢ogTh as earned (as the related goods or services are proth) UDder contract or where entiuemeot to grant funding is subject to spedfic performance condilions. Grant income ineluded in thi5 eategory provides funding to support programme adivities 2nd Is r• where the entidemen( certainty of receipt and gmount can be measured with sufficient rdiability. 2.2 Resources expended Liabilities are recognv£d as soon &8 there ts 8 legal or constnicdve obligation committing the ebarfty to the expendltur& AU expendlture is accounted for on an actruals buis and has been clwified under beading5 that aggregAte All eosts relaling to the ¢ategory. Fundlng provlded through eootractual agreements and perforniance related grnnts are re¢ognlzed 85 w)ds and stCeS are supplied.
lends Forever Europe NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 DECEMBER 2022 (COP[NUED> Charitable expenditiwe comprises those costs incwr*J by the charity in the delivery of its activities and service5 for its beneficiaries. It includes both costs that can b¢ allocated directly to such activities and those costs of an indir¢ct natur¢ necessary to support them. Costs of generating fimds are those Costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Governance costs include those incurred in the 8oveTnanc¢ of its assets and arc primarily associatd with onstitutional and statutory requirernents. 2.3 Tangible fixed assets and depreclation Fixed Assets costing rn0 than £100 are capilali7£d Tangible fixed &ssets other than freehold land are ststed at cost less depreciation. Depreciation is provided at ratys calculated to WTil¢ off the cost less estimated residual value of each &sset over its expected weful lif4 as follows: Improvements Fixliires and finings Ilf/• Straight linc 250/0 Reducing balance 3 StsteTDent of &ss&s and liabilities at 31 December 2022 G¢nrnJ D¢sigwi¢4 R¢stri¢ted EndoMn¢nt This Y¢w L4st Year Fixed AsKts- TwJKibk Improvements Land & Buildings TotAIs 172339.34 172339.34 172339.34 3401KKI.I)O 172339.34 341ykn).(MI Lknent AsBets- Cash at bank and in Iwid Bank Cknt Account Peny Cash Tollb 12555.18 12555.18 33321.12 12555.18 184894.52 373321.12 Current Assets- Debtors Dcbtors Totals Liabilitics- Provision for liabiliti¢s and Charges du¢ within one year Accruals Creditors Totals 700.(KI 1870.78 2570.78 71.00 1870.78 2570.78 750.00 (1444.93) (694.93) Liabili(ies- Provision for liabilities and Charges greater than l year 172339.34
Fund movemeDI by tyPE Tr•DsfffS Gè£D4l•sses Clos Frtends Forever JnterD•thAal Eniknvment 34lY).00 34(ioiy).(IO 172339.34 172339.34 512339.34 512339J4 stOtal GenerAI- GentrAI fund Uorestrided 33091.71 33091.71 24031.65 124031.65) 9)60.06 9060.06 Sult01 for General Grand to 373091.71 148307.69 521399.40 ADalysls of Intome eJpeDditsre Total UDrestrlcted Dul qted R¢strlcted EndowrneDt Tbts ear Last eAr 4 INCOME AND ENDOWMENTS DoDatlODS and Icgaci DonatioDS Totsl 1191.90 1191.SXI 172339.34 172339.34 173531.24 173531.24 181744.44 181744.44 Incorne frorn charitsble activities Fecs Totsl 37532.71 37532.71 37532.71 37532.71 26655.82 26655.82 Other Incoma Covid 19 Grant R•llof Insuranco Claim Total INCOME TOTAL 0.00 0.00 0.00 38724.61 0.00 0.00 0.00 211063.95 28442.00 11500.00 39942.00 248319.26 172339.34
ExpenditW¢ OD charitable activities Prerni5cs Expen5e5 General Rales Wat¢r Rat¢$ Pr¢mi5es InsuraDce Hettt & Light Travelling & Entertainment Printin8 Telephone Stationery Hosting Fees & IT Consumables Accountancy Fee5 Rcpairs & kellewals Clcaning & Laundry Bank Charges Professional Fees Marketing Postsse 112 439 464 5729 7363 5863 5729 7363 5863 469 7J55 424 1130 95 754 1450 27289 8856 1388 1725 373 80 1130 95 754 1450 27289 8856 1388 1725 378 80 1129 545 950 58133 10932 15 Miscellaneous 80 80 loo Totsl 62756 62756 82398 EXPENDITURE TOTAL 62756 67256 4J947 CRAND TOTAL 148308 148308 165921
iends FoTrver Europe NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTtNUED) 6 Net incoming resources 2022 2021 Net incoming resources is stated after charging Depreciation of tan8ible aqsets 7 T&xation The company is a Charity and 18 reeognized &8 such by HNLRC for t8XAtion pury)oses 8 Tangible fLxed assets Land & Buildings Fixtures and Fittings Total Cost As at l January 2022 Adth'tions Disposals As at 31 De¢¢mber 2022 51J.415 511,415 511,415 Sll,415 D¢prKi&tion As at l January 2022 Elimination on disposals Char8e for year As at 31 December 2022 Net book value As ai 31 De¢emb¢r 2021 As at 31 December 2022 511,415 511,415 511,415 511,415 9 Debtors 2022 2021 Accounts Receivable 10 CrcditOTS: amounts falling due within one year 2022 2021 Accnmls and deferred income 700 750 Trade creditors 1568 243 VAT Liability 302 (1377) I I Share Capital The company is limited by guarantee and ther¢for¢ does not have a share capital
TrllendsFoTrverEur( NOTES TO THE FtNANCIAL STATEMETrrrs FOR THE YEAR ENDED 31 DECEMBER 2022 {CONTtNUED) 12 ReC4ClI1ati0n of movement in fimds Unrestricted Restri¢t¢d Funds Funds Total Funds Total Funds 2022 Prior Year Balance at l January 2023 SUrp1(deficit) for year 330Y2 (24032) 340000 172339 373092 148307 207171 165921 512339 521399 373092 13 Capital commitments The Charity borrowed £512,339 from Friends Forev¢r USA to pur¢h&se land and buildings. £ has been donated to the Charity in the 2022 year reducing the loan by same. 14 Employ¢¢s Thtte were no wnploy¢cs with emolumenLq exceedin8 £60.OLY) Averd8e number of employees 2022 2021 15 Director's Expenses There were no di[1015, expew paid during the year