Company RegAstratlOD No. NT604557 (Northern Ireland) Friends Forever Europe (A company limited by guarantee and not baving a share capital) Directors, Report and Unaudited Financial Statements For the Year ended 31 December 2024 CCIYI Reference NIC 103419 illin •AEAF5980' 051091202S COMPANIES HOUSE A21
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FRIENDS FOREVER EUROPE COMPANY INFORMATION Directors Mr Stephen Martineau Mr Paul Cain MT Josbua Hall Ms Jessica Maye Secr¢tary Mr Stephen Martineau Company number N1604557 CCM Charity number NIC 103419 Registered Offic¢ 8 Circular Road Coleraine Co Londonderry Northern Ireland BT52 IPS Accountsnts Infotax Ltd River House B1n¢5$ Celltre 3 Castle Lane Coleraine BT513DR Business Address 10 Cornmill Quay Annalong County Do Northern Ireland BT34 4 Bankers Bank of Irelaod Bclfasl City Branch 4-8 High Street Belfast Northern Ireland BTI 2BA
FRIENDS FOREVER EUROPE CONTENTS Page Directors. report Accountants, report Statement of fmaDcial activities Balance Sheet Not¢s to the financial statements 9-13
Frnnds Forever Europe D]RECTORS' REPORT FOR THE YEAR ENDED 31 December 2024 The dictOrS (wbo are also thc tsustccs of the ¢hatitablc cornpaDy) present thctr r¢port and fanCIal statcm¢nts for the year ended 31 December 2024. The fmancial sthtements 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 disclosur¢ requirements of section IA of FRS 102 have been applied other than where additional disclosure is required to show a trne and fair view. Principal Activities Friends Forever Europe's principle purpose is to promote cross-community work through youth focused pr0grdrnng. Through volunteer servic¢ projects and intensive cornmunication and collaboration activities, Friends Forever inspires a Dew generation of youth leaders to be confident and empowered ambassadors for peace in their own families. scbools and communitie5. Youth participants and adull educators from all over Northern Ireland are the direct beneficiarie5 of Friends Forev&s work Secondary benefits are afforded to the families of the youth participants, the NGOS that Friends Forever parthers with, and the communities that they serye, both because of our work io cut down on sectarian behaviour but also bpxause of our prornatic emphasis on service-based learning and professional development to rnake our participants more prepared to enter the workforce (public speaking, confidence, professional deconmi etc.) Friends ForeveruroPe has been offering programs to Northern Ireland since 1986 from our USA based charity and has worked with numerous youth organizations in thai time. The public will benefit from this or8anization in there will be a more peacefu] society. There are no priVe benefits accrned in this mission or potential hami frorn the purposes stated. Organ5sadon Structsre The committee consists of 4 director5 who administer the charity and meet regularly. The cornrnittee are responsible for tbe strategic direction and policy of the organisation. Committec 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 durin8 the year ended 31 December 2024 Mr Stephen Martineau Mr Paul Cain Mr Joshua Hall Ms Jessica Maye Results The results for the y¢ar are set out on page 7 Total incoming resources for the year were £67258.54 (2023 - £73311.04) of which £48691.59 was generated from fees and £2253.70 received from donations and £16313.25 frnm wts. Total resources expeoded were £69691.14 (2023 - £61709.82) of which £0 was expended on wages. The company returned a deficit in resources for the year of -£-2432.60 (2023. 5uTplus £11601.22). At 31 Decernber 2024 the toLIl funds of the charity amounied to £530568.02 (2023 - £533000.62), of which £9629.34 is unrestricted, £8599.34 restrict¢d.
Friend5 Forever Europe DtRECTORS' REPORT FOR THE YEAR ENDED 30 DECEMBER 2024 (cONTUED} Reserves policy The committee consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficuliies 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 faccs. Internal control risks are minirnised through the procedures for authorisation of all transactions and projects. Procedures are periodically reviewed to ensure that they continue to m¢et th¢ needs of the organisation. Procedures are also in place to ensure compliance with health and saf¢ty of volunteers and clients. Statement of dlrectorg, responslbillties Th¢ directors arc responsible for preparing thc Directors, r¢port and th¢ financial statements in ¥coTdance 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 director5 must not approve the financial ststernents unless they are satlsfied that they ve a true and fair view of the stste of affairs of the company for thatperiod. In preparing those financial statements the direclors are TequiT¢d to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP. make judgements and accouDtlll8 esiimates th&t a reasonable and prudent. prepare the financial slatements on the going concern basis unless it is iDappropriate to prcsumc that the company will coniinue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and th'sclose with reasonabl¢ accurncy al any time the financial position of the company and enable them to ensure that the fancial statements comply with the Companies Act 2006 and relevant cbariry leslation. They are also responsible for safeguardmg the assets of the cotnpany and hence for taking reasonable steps for tbe prevention and detection of fraud and other I¢gularItIes. Taxation The company is a charity and is regniSed as suth by HMRC for t&xation purp05¢s. As a resulL there is DO liability to LallOn 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 M8rtineau 22 2025
iend5 Forever Europe REPORT OF THE INDEPENDE EXAMINER TO THE BOARD OF DIRECTORS ON TFtE UNAUDITED FINANCIAL STATEhiENTS 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 2024, set out on pages 4 to 12 from the accounting records and infoTmation and explanations you have given to us. Res ective res ODsibilities of directors and examiner You have acknowledged on the balance sheet as at 31 December 2024 your duty to ensure that the Company h&s kept adequate accounting records and to Prepare financial SLltements that ve a true and fair view under the Componies Act 2006. You consider that the Company is exempt from the stattjtory requirement for an audit, for the year and that an independent examination is needed. Having satisfied rnyself that the charity is not subject to audit UDder company law and is eligible for independent exarnination, it is my responsibility to: Examine the accounts. aDd Stste whether particular matter5 have come to my attention. Basis of inde endenl examinels re ort 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 tncludes considerats'on of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matteTS. The procedures undertaken do not provide all the evidence that would be required in an auth't and consequently no opinion is given as to whetheT the accounts present a'tsv¢ and fair view, and the report is limited to those mattets, set out ID the nexi Stament. Ind dent examiner's statement In connection with my exatnination. I have recommended that due to the ongoing impact of Covid 19 on trad¢, the charity should aim to build up their reserve policy. (I) Twhich gives me re&sonable cause to believe that in any m*erial &spect the requirements: To keep accounting records in accordaDce with section 386 of the Companies Act 2(YJ6.' and To prepare accounts which accord with the accounting records, comply with the accountin8 requirernents of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommellded Practice.. Accounting and Reporting by Charities have not been met" or (2) To which in my opinion, attention should be drawn in order lo enable a proper undersLqndin8 of the accounts lo bc reached. M5 Julie Tosh Infotax Ltd Coleraine Business Park Galeside Road Coleraine BT52 2NR Date: 22 May 2025
ien(bFortver Europe ststement of Financial Activities Year Ended December 2024 Unrestrleted Restrlcted Endowment funds funds fund5 .Total Prior year funds total funds Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Grants Other income Total income 2253.70 2253.70 1174.40 40CK).00 48691.59 54945.29 12313.25 16313.25 48691.59 72136.64 67258.54 73311.04 12313.25 Expenditure on: Raising funds Expenditure on charitsblc activities Other expendifure Totgl expenditure 65977.23 3713.91 69691.14 61709.82 65977.23 3713.91 69691.14 61709.82 Gains I losses on investment assets Net In¢ome l (expenditure). resource8 before transfer (11031.94) 8599J4 (2432.60) 11601.22 Transfers Gross transfers berween fimds - in Gross transfers betw¢¢n fund5 - Out Other recognised g41ns I10$ses Gains on revalualion, fixed assets, charity's ovin use Net movement In funds {11031.94) 8599.34 (2432.60) 11601.22 Total fund$ brought foriv8rd 20661.28 512339.34 $33000.62 521399.40 Total funds ¢arrled forward 9629.34 8599,34 512339J4 530568.02 $33000.62 Repre$enled by Unres¢rl¢ted General fund 9629.34 9629.34 20661.28 Restricted 8599.34 8599.34 Endowment Friends Forever Iniernational 512339.34 512339.34 512339.34
Friends Forever Europe Balanee sheet gs at 31 December 2024 Class Descrlption Thls year Last yeir Fixed 4ssets Freehold Propety Property AdditioT)s Total Fixed issets 528128.10 511,415.00 16713.1 528128.1 528128.10 Cyrrent assets Bank Current Account Pety Cash Prepayments Accounts Receivable Total Current assets 2837.35 7238.27 2837.35 7238.27 Llabllltle8 Loan Trade Crediiors Oth¢r Creditors AcCrtls 0.00 1191.40 424.35 750.00 180 (482.57) 700.00 Total Llabllltles 397.43 2365.7S Net Asset surplyi(deflcit) 2389.92 4872.52 Excess l (defi¢il) to date Starting balances Totil Reseryes (2432.60) 11601.22 533000.62 531399.40 530568.02 533000.62 Reyerveg Represented by funds Unrestricted Restricted Endowment Tot*1 9629.34 8599.34 512339.34 512339.34 SJ0568.02 5311000.62 20661.2è For th¢ financial year ended 31 Dber 2024 th¢ MponY w&8 entiil¢d to exemption from auth't under se¢tion 477 Companies Act 2006. No member of the company h&$ deposited a notice, pursuant to stiOn 476, requiring an audit of these fjnancial ststemcnts unikr the requirements of the Companies Acl 2006. The diTectOTS acknowledge their responsibilities for ensuring that the ¢omparty keeps accounting records which ¢omply wilh section 386 of the Act and for preparing financial statements which 8iv¢ 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 s¢Gtions 394 and 395 and wbicb otherwise comply with the requirements of the Companies Act 2006 relatsng to accounts, so far as applicable to the omparty. These financial statements bave been prepared in accordance with the provisions applicable to cornpani subject to the small companies, regime within part 15 of the Companies Act 2006. Approved b the Board and authorised for issue ay 2025 MrÈt eau mpany gistration No. N1604557
The notes on pages 9-12 form park of these financial stalernents and should be read in conjunctFon therewith. iends ForeverEurope NOTFS TO ]HE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 Dmber 2024 l Basis of pr¢p&rAtion 1.1 Accounting convention The financial ststements are prepared under the historical c05t convention with items recognized at cost or transaction value unless othenvise stated in the relevant note 1.2 Compllanee wlth accoun¢lng standards The financial ststements are prepared in accordance Triith FRS 102 "The Flnancial Reporting Standard appucable in the UK and Republic of Ireland". The dilOSUre requirements of section l A of FRS 102 have been applied other than where Iddition disclosurt is required to show a true and fair view. The financial ststrments have &lso been prepared In accordanee with the Statement of Rernended Practlce "Aecounthig fdnd Reportlng by Charities" 1.3 Going concern There is no reason to belleve that the charlty wlll not conthiue as a going concern. 1.4 Change of a¢eo'untlng pollcy The accounts present a true and fair vlew and no changes have been made to the accounting policies. 1.5 Changes to aceountlng estlmates No changes to accounthjg e5tlmate5 have occurred In the reportlng perlod. 1.6 Fund accounting Unrestrlcted funds gre general funds that Yire Available for use at Ihe directors, thscretion in furtheranee of the objecdveg of the charlty. Restrlcted funds 8re tho$e donated for use in a partleular area or speeific purpose& the use of whAch is restricted to that area or purpose 2. Aecountlng pollcl¢$ 2.1 Ineoming resources All incoming re$our¢¢s are Included in the Statement of flnanelwl aetivltles when ihe chlrlty Is entitled ¢0 . the Income and the amount tsn be quantlfled wlth reasonable accuracy. The followlng specltlc pollcles are applled to particular categories of Income: Investment Incomt 1$ Included when receivable. Income from charitable aetivitie5 Includes income recognized a5 earned (as the related goods or seryices are provided) under contract or where entitlement to grant funding is subjeet to specific perfonnance conditions. Grant income included in this category provides funding to support progrgmme activities #nd is recognized Iwhere the entitlemen Certainty of receipt and amount bp. measured with sufficient rellability. 2.2 Resources expended Liabilities are recognized 4$ s(Min as there is a legal or constructive oblfigation committing the charity to the expenditur& All expenditur¢ 1$ accounted for on an accruals basis and has been classified under headings thydt aggregate all costs relating to the category. Funding provided through Contraelu agreements and performaDte related grants are recognized as good$ and SerceS are supplled.
Frfends Forever Eun)pe NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTtNUED) Charstable 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 natUTe necessary to support them. Costs of gcll¢rdting funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. GovernaDCC Costs include those incurred in the governance of its assets and are primarily associated with constitutional and siatutory requirements. 2.3 Tangible red 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 cosl less estimated residual value of each asset over its exp¢cted usefi life, as follows: Improvements Fixtures and fittings IOtr/o Straight lin¢ 250/0 Reducing balance 3 Statement of assets and liabilities as at 31 December 2024 Gen¢ral D¢siBnaied Restricied EDdownent Thiy Y¢Jr TAS1 Y¢ar Fixed Assets- Tb]e Improvements Land & Buildings Totsls 16713.10 528128.10 511415.00 528128.10 528128.10 16713.10 16713.10 512339.34 512339.34 CwTeni Assets- Cash at bank 8nd in hand BBnk Current Account P¢ty Cash Totals 2837.35 2837.35 7238.27 2837.35 2837.35 7238.37 Current Asyets- Debtors Debtor5 Totals 482.57 482.57 Liabilities- Provision for liabilities and Charges due within one year AccnlS Creditors Totals 7.00 180.00 880.00 71x1.00 750.00 180.00 1615.75 880.00 2365.75 Liabiliti¢s~ Provision for liabilities and Charge5 greater than l year io
FuDd movemeTrt by type OpeniD8 Incomlng Outgoing Trnnsferg G¥inSnosl Closing Friends Forever InterntioMal Endowment 512339.34 512339.34 51233934 512339.34 Sub-tol¥l GeneTAI- Gethenl fund Unrestricted Resthc(ed 20661.28 11031.94 3713.91 9629.34 8599.34 12313.25 8599.34 Grand tO¢xl 5331)00.62 11001.22 53056&02 AnAlysls of Income and expenditure Totsl Unre$trl¢ted Desl naled Reslrlcled Endowment Th1$ ear Last er 4 INCOME AND ENDOWMENTS Donalions and legacie$ Donations Total 2253.70 2253.70 2253.70 2253.70 1174.40 1174.40 Income from chan'table activities Fees Total 48691.59 48691.59 48691.59 48691.59 32876.28 32876.28 Other Incorne - Grants Commlunity Flex Department of Forelgn Affalrs Total INCOME TOTAL 4000.CK) 12313.25 16313.25 67258.54 4000.00 72313.2S 16313.25 0.00 39260.26 73311.04
5 EXPENDITUB Expenditure on charirable tiVItieS Premise$ Expenses General Purchases Water Rates Premises Insurance Heat & Light Travelling & Entertainment Printing Telephone Stationery Hosting Fees & IT Consumables Ac¢ountancy F¢es Repair5 & Renewals Cleaning & Laundry Bank Charges Professional Fees Equipment Expensed Postage 10134 Il355 555 6769 8700 2992 10134 11355 555 6769 8700 2992 338 21290 6045 5910 1400 877 877 811 607 1265 13848 6023 2673 1925 1028 737 519 707 1250 14161 6890 854 1350 607 1265 13848 6023 2675 1925 1028 80 Miscellaneous 16 16 180 Total 69691 61691 61710 EXPENDITURE TOTAL 61691 61691 61710 GRAND TOTAL 61691 61691 61710 12
Frlends Forever Europe NOTES TO TItE FtNANCIAL STATEMENfs FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTTrIUED) 6 Net incoming resouKes 2024 2023 Net incoming resources is stated after charging Depreciation of tangible assets 7 Taxation The company is a ChaTity and is recognized as such by HblRC for taxation PUTPOS¢S 8 Tangible fed assets Land & Buildings Fixture5 and Fittings Totsl Cost As at l January 2024 Additions Disposals As at 31 December 2024 528128 528128 528128 528128 Depreciation As at l January 2024 Elimination on disposals Charge for year As at 31 Dlxember 2024 Net book value As at 31 December 2023 As at 31 December 2024 528128 528128 528128 528l28 9 Debtors 2024 2023 Accounts Receivable 10 Creditors.. amounts falling due within one year 2024 2023 ACclS and deferred income 700 750 Trade creditors 180 1191 VAT Liability (483) 424 l J Share Capital The company is limited by guarantee and therefore does not have a share capital 13
Friends ForeverEurope NOTES TO THE F]NANCIAL STATEMENTS FOR TFtE YEAR ENDED 31 DECEMBER 2024 (CoFINUED) 12 Reconriliation of movement in fim(ts Unrestricted Restricted Funds Funds Totsl Funds 2024 Totsl Funds Prior Year Balance at l January 2024 SUry1w(d¢fi¢It) foT year 20661 (11032) 520939 512339 (I1032) 512399 11601 9629 520939 530568 5330 13 Capital commitments £0 14 Employees There were no ¢mploy¢¢s with emoluments exceeding £60,000 Average number of employees 2024 2023 15 Director's Expenses There were no directors, expenses paid during the year 14