Company Registration No. NI604557 (Northern Ireland)
## **Friends Forever Europe**
(A company limited by guarantee and not having a share capital)
.
**Directors' Report and Unaudited Financial Statements**
**For the Year ended 31 December 2023**
**CCNI Reference NIC 103419**
1
## FRIENDS FOREVER EUROPE
## COMPANY INFORMATION
Directors
Mr Stephen Martineau Mr Paul Cain Mr Joshua Hall Ms Jessica Maye Secretary Mr Stephen Martineau
|Company number|NI604557|
|---|---|
|CCNI Charity number|NIC 103419|
|Registered Office|8 Circular Road|
||Coleraine|
||Co Londonderry|
||Northern Ireland|
||BT52 1PS|
|Accountants|Infotax Ltd|
||River House Business Centre|
||3 Castle Lane|
||Coleraine|
||BT51 3DR|
|Business Address|10 Cornmill Quay|
||Annalong|
||County Down|
||Northern Ireland|
||BT34 4QG|
|Bankers|Bank of Ireland|
||Belfast City Branch|
||4-8 High Street|
||Belfast|
||Northern Ireland|
||BT1 2BA|
2
## **FRIENDS FOREVER EUROPE**
## **CONTENTS**
|**CONTENTS**||
|---|---|
||Page|
|Directors’ report|4-5|
|Accountants' report|6|
|Statement of financial activities|7|
|Balance Sheet|8|
|Notes to the financial statements|9-13|
3
## **Friends Forever Europe**
## DIRECTORS' REPORT FOR THE YEAR ENDED 31 December 2023
The directors (who are also the trustees of the charitable company) present their report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the SORP (FRS102) and the requirements of the Companies' Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
## Principal Activities
Friends Forever Europe's principle purpose is to promote cross-community work through youth focused programming. Through volunteer service projects and intensive communication and collaboration activities, Friends Forever inspires a new generation of youth leaders to be confident and empowered ambassadors for peace in their own families, schools and communities. Youth participants and adult educators from all over Northern Ireland are the direct beneficiaries of Friends Forever's work. Secondary benefits are afforded to the families of the youth participants, the NGOs that Friends Forever partners with, and the communities that they serve, both because of our work to cut down on sectarian behaviour but also because of our programmatic emphasis on service-based learning and professional development to make our participants more prepared to enter the workforce (public speaking, confidence, professional decorum etc.)
Friends Forever/Europe has been offering programs to Northern Ireland since 1986 from our USA based charity and has worked with numerous youth organizations in that time.
The public will benefit from this organization in there will be a more peaceful society. There are no private benefits accrued in this mission or potential harm from the purposes stated.
## **Organisation Structure**
The committee consists of 4 directors who administer the charity and meet regularly. The committee 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 a whole was approved by the AGM and continues to monitor its membership.
## **Directors**
The following directors have held office during the year ended 31 December 2023
Mr Stephen Martineau Mr Paul Cain Mr Joshua Hall Ms Jessica Maye
## **Results**
The results for the year are set out on page 7
Total incoming resources for the year were £73311.04 (2022 - £211063.95) of which £32876.38 was generated from fees and £1174.40 received from donations and £39260.26 from grants.
Total resources expended were £61709.82 (2022 - £62756.26) of which £0 was expended on wages. The company returned a surplus in resources for the year of £11601.22 (2022 - £148307.69). At 30 December 2023 the total funds of the charity amounted to £532925.62 (2022 - £521399.40), of which £4797.52 is unrestricted.
4
## **Friends Forever Europe**
DIRECTORS' REPORT FOR THE YEAR ENDED 30 DECEMBER 2023 (CONTINUED)
## **Reserves policy**
The committee consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of its employment capacity, users' well-being and general charity work in jeopardy.
## **Risk management**
The committee are aware of the major risks to which the organisation is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are periodically reviewed to ensure that they continue to meet the needs of the organisation. Procedures are also in place to ensure compliance with health and safety of volunteers and clients.
## **Statement of directors' responsibilities**
The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Under that law the directors have elected to prepare the financial statements in accordance with SORP (FRS102) Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company for that,period.
In preparing those financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and relevant charity legislation. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Taxation**
The company is a charity and is recognised as such by HMRC for taxation purposes. As a result, there is no liability to taxation of any of its income.
This report has been prepared in accordance with the provisions relating to small companies within Part 15 of the Companies Act 2006 (FRS 102) and in accordance with the Charity SORP 2015.
By order of the board
Mr Stephen Martineau Secretary
_______________________________
Date:- 3 June 2024
5
## **Friends Forever Europe**
## REPORT OF THE INDEPENDENT EXAMINER TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF FRIENDS FOREVER EUROPE
In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Friends Forever Europe for the year ended 31 December 2023, set out on pages 4 to 12 from the accounting records and information and explanations you have given to us.
## Respective responsibilities of directors and examiner
You have acknowledged on the balance sheet as at 31 December 2023 your duty to ensure that the Company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit ' for the year and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- Examine the accounts; and
- State whether particular matters have come to my attention.
## Basis of independent examiner's report
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 you as 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 next statement.
## Independent examiner's statement
In connection with my examination, I have recommended that due to the ongoing impact of Covid 19 on trade, the charity should aim to build up their reserve policy.
(1) Which gives me reasonable cause to believe that in any material aspect the requirements:
- To keep accounting records in accordance with section 386 of the Companies Act 2006: and
- To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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 reached.
Ms Julie Tosh Infotax Ltd River House Business Centre 3 Castle Lane Coleraine BT51 3DR
_________________________
Date: 3 June 2024
6
## **Friends Forever Europe**
Statement of Financial Activities Year Ended December 2023
|**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds total funds**|**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds total funds**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Endowment**
Friends Forever International|1174.40
—
—
1174.40
172339.34
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
72136.64
—
—
72136.64
37532.71|
||**73311.04**
—
—
**73311.01**
**211063.95**
—
—
—
—
—
61709.82
—
—
61709.82
62756.26
—
—
—
—
—|
||**61709.82**
—
**—**
**61709.82**
**62756.26**
—
—
—
—
—|
||**11601.22**
—
—
**11601.22**
**148307.69**
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—|
||—
—
—
—
172339.34|
||**9060.06**
—
512339.34
**521399.40**
**521399.40**|
||**20661.28**
**—**
**512339.34**
**533000.62**
**521399.40**
20661.28
—
—
20661.28
9060.06
—
—
512339.34
512339.34
340000.00|
7
**Friends Forever Europe**
## **Balance sheet as at 31 December 2023**
|**Class**
**Description**|**This year**
**Last year**|
|---|---|
|**Fixed assets**
Freehold Property
Property Additions
**Total Fixed assets**
**Current assets**
Bank Current Account
Petty Cash
Prepayments
Accounts Receivable
**Total Current assets**
**Liabilities**
Loan
Trade Creditors
Other Creditors
Accruals
**Total Liabilities**
**Net Asset surplus(deficit)**
Excess / (deficit) to date
**Reserves**
Starting balances
**Total Reserves**
**Represented by funds**
Unrestricted
Endowment
**Total**|511415.00
16713.10
511,415.00
0|
||**528128.10**
**511,415.00**
7238.27
12555.18
—
—
—
—
—
—|
||7238.27
**12555.10**
0.00
1191.40
424.35
0.00
1568.54
(1468.22)
750.00
700.00|
||**2365.75**
**2540.78**|
||**4872.52**
**9984.40**|
||11601.22
148307.69
521399.40
373091.71|
||**533000.62**
**521399.40**
20661.28
9060.06
512339.34
512339.34|
||**533000.62**
**521399.40**|
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within part 15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 3 June 2024
____________________________ Mr Stephen Martineau Secretary Company Registration No. NI604557
8
The notes on pages 9-12 form park of these financial statements and should be read in conjunction therewith. **Friends Forever Europe**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2023**
## **1 Basis of preparation**
## **1.1 Accounting convention**
**The financial statements are prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant notes.**
## **1.2 Compliance with accounting standards**
**The financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The disclosure requirements of section 1 A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have also been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities".**
## **1.3 Going concern**
**There is no reason to believe that the charity will not continue as a going concern.**
## **1.4 Change of accounting policy**
**The accounts present a true and fair view and no changes have been made to the accounting policies.**
## **1.5 Changes to accounting estimates**
**No changes to accounting estimates have occurred in the reporting period.**
## **1.6 Fund accounting**
**Unrestricted funds are general funds that are available for use at the directors' discretion in furtherance of the objectives of the charity.**
**Restricted funds are those donated for use in a particular area or specific purposes, the use of which is restricted to that area or purpose**
## **2. Accounting policies**
## **2.1 Incoming resources**
**All incoming resources are included in the statement of financial activities when the charity is entitled to . the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:**
## **Investment income is included when receivable.**
**Income from charitable activities includes income recognized as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognized where the entitlement, certainty of receipt and amount can be measured with sufficient reliability.**
## **2.2 Resources expended**
**Liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Funding provided through contractual agreements and performance related grants are recognized as goods and services are supplied.**
9
## **Friends Forever Europe**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.
## 2.3 **Tangible fixed assets and depreciation**
Fixed Assets costing more than £100 are capitalized.
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Improvements Fixtures and fittings
10% Straight line 25% Reducing balance
3 Statement of assets and liabilities as at 31 December 2023
||General|Designated|Restricted|Endowment|This Year Last Year|This Year Last Year|
|---|---|---|---|---|---|---|
|Fixed Assets – Tangible|||||||
|Improvements|16713.10
|-|-|-|16713.10 -||
|Land & Buildings||-|-|511415.00||512339.54|
|Totals|16713.10
|-|-|511415.00|528128.10|512339.54|
|Current Assets – Cash at bank and in hand|||||||
|Bank Current Account|7238.27||||7238.27|12555.18|
|Petty Cash|-||||-
|-|
|Totals|7238.27||||184894.52|373321.12|
|Current Assets – Debtors|||||||
|Debtors|-||||-
|-|
|Totals|-||||-
|-|
|Liabilities – Provision for liabilities and|||||||
|Charges due within one year|||||||
|Accruals|750.00|||750.00||700.00|
|Creditors|1615.75|||1615.75||1870.18|
|Totals|2365.75|||2365.75||2570.78|
|Liabilities – Provision for liabilities and|||||||
|Charges greater than 1 year|||||||
|Loan|0.00|||0.00|
|0.00|
10
## **Fund movement by type**
|||**Opening**
**Incoming**
**Outgoing**
**Transfers**|
**Gains/losses**
**Closing**
—
512339.34
**—**
**512339.34**
—
20661.28
**—**
**20661.28**
**—**
**533000.62 **
**Total**
**This year**
**Last year**
1174.40
173531.24|
|---|---|---|---|
|**Friends Forever International**
Endowment
512339.34
-
—
—
**Sub-total**
512339.34
**-**
—
**—**
**General - General fund**
Unrestricted
9060.06
11601.22
—
—
**Sub-total for General**
**9060.06**
**11601.22**
—
—
**Grand total**
**512399.40**
**11601.22**
—
**—**
**Analysis of income and expenditure**
**Unrestricted Designated**
**Restricted**
**Endowment**
**4 INCOME AND ENDOWMENTS**
Donations and legacies
Donations
1174.40
—
—
-
Total
1174.40
—
—
-
Income from charitable activities
Fees
32876.38
—
—
—
Total
32876.38
—
—
—
Other income
Grants
39260.26
—
—
—
Other
0.00
Total
39260.26
—
—
—
**INCOME TOTAL**
73311.04
—
—
-||512339.34
-
—
—||
|||
512339.34
**-**
—
**—**
9060.06
11601.22
—
—||
|||**9060.06**
**11601.22**
—
—||
|||**512399.40**
**11601.22**
—
**—**||
||
1174.40
—
—
-|||
||1174.40
—
—
-||1174.40
173531.24|
||32876.38
—
—
—||32876.38
37532.71|
||32876.38
—
—
—||32876.28
37532.71|
||39260.26
—
—
—
0.00||0.00
0.00
0.00
0.00|
||39260.26
—
—
—||0.00
0.00|
||73311.04
—
—
-||211063.95|
11
## 5 EXPENDITURE
Expenditure on charitable activities
|Premises Expenses
General Purchases
Water Rates
Premises Insurance
Heat & Light
Travelling & Entertainment
Printing
Telephone
Stationery
Hosting Fees & IT Consumables
Accountancy Fees
Repairs & Renewals
Cleaning & Laundry
Bank Charges
Professional Fees
Marketing
Postage
Miscellaneous
Total|338
—
—
21290
—
—
6045
—
—
5910
—
—
1400
—
—
—
—
—
737
—
—
519
—
—
707
—
—
1250
—
—
14161
—
—
6890
—
—
854
—
—
1350
—
—
80
—
—
180
—
—|
|---|---|
||61710
—
—|
|**EXPENDITURE TOTAL**|61710
—
—
—|
|||
|**GRAND TOTAL**|61710
—
—
—|
12
## **Friends Forever Europe**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
|6|Net incoming resources|2023|2022|
|---|---|---|---|
|||£|£|
||Net incoming resources is stated after charging|0|0|
||Depreciation of tangible assets|||
## 7 Taxation
The company is a Charity and is recognized as such by HMRC for taxation purposes
- 8 Tangible fixed assets
|8 Tangible fixed assets||||||
|---|---|---|---|---|---|
||Land &||Fixtures and||Total|
||Buildings||Fittings|||
||£||£||£|
|Cost||||||
|As at 1 January 2023|511,415||—||511,415|
|Additions|16.713||—||16,713|
|Disposals|0||—||—|
|As at 31 December 2023|528.128|—|||528128|
|Depreciation||||||
|As at 1 January 2023|—||—||—|
|Elimination on disposals|—||—||—|
|Charge for year|—||—||—|
|As at 31 December 2023||||||
|Net book value||||||
|As at 31 December 2022|511415||—||511,415|
|As at 31 December 2023|528,128|—|||528,128|
|9 Debtors||||||
||||2023|2022||
||||£|£||
|Accounts Receivable|||—|—||
|10 Creditors: amounts falling due within one year||||||
||||2023|2022||
||||£|£||
|Accruals and deferred income|||750|750||
|Trade creditors|||1191|243||
|VAT Liability|||424|(1377)||
## 11 Share Capital
The company is limited by guarantee and therefore does not have a share capital
13
## **Friends Forever Europe**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
## 12 Reconciliation of movement in funds
||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|
||Funds|Funds|2023|Prior Year|
||£|£|£|£|
|Balance at 1 January 2023|9060|512339|521399|373092|
|Surplus/(deficit) for year|11601|0|11601|148307|
||20661|512339|533000|521399|
## 13 Capital commitments
£0
.
## 14 Employees
There were no employees with emoluments exceeding £60,000
|Average number of employees|2023|2022|
|---|---|---|
||0|0|
- 15 Director’s Expenses
There were no directors’ expenses paid during the year
14