Family Friends A company limited by guarantee and not having a share capital Annual Report and Accounts 31 March 2024 Company registration number 02863464 Charity registration number 1028214 Family Friends (A company limited by guarantee and not having a share capital) Report and accounts Contents Page Reference and Administrative Information Trustees, report Auditor's report statement of financial activities 10 Balance sheet Notes to the accounts 12-20 Family Friends (A company limited by guarantee and not having a share capital) Report and accounts REFERENCE AND ADMINISTRATIVE INFORMATION Directors l Trustees Mr T Bernstein Mr C Madel Mr G Smith Mrs A Blasch Ms R Bowles (resigned 22 July 2024) Ms C Sandler Ms K Hearne Chief Executive Ms Melanie Christodoulou Registered Office Unit 1, 10 Acklam Road London W105QZ Charity Registration number 1028214 Company Registration number 2863464 Bankers CAF Bank Ltd 25 Kings Hill West Malling Kenl ME19 4JQ Flagstone (clo CAF Bank) 1 sl Floor, Clareville House 26-27 Oxendon Street London SW1 Y 4EL Auditors Bullimores LLP Chartered Accountants Old Printers Yard 156 South Street Dorking Surrey RH4 2HF FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital REPORT OF THE TRUSTEES AND DIRECTORS ST FOR YEAR ENDED 31 MARCH 2024 Structure, Governance and Management The Iruslees and directors presenl their Report and Accounts for the year ending 31st March 2024. Legal and administralive information set out on page 1 forms part of this report. Governing Document The organisation is a charitable company limited by guarantee, incorporated on 19111 October 1993 and registered as a charity on 9th November 1993. The company was established under a Memorandum of Associalion. which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribule an amount not exceeding £10. Trustee Selection and Organisation The directors of the company are also charity trustees for the purposes of charity law and throughout Ihis report are colleclively referred lo as trustees. The trustees are appointed by the board of trustees as and when required. The board of trustees is usually made up of approximately 5~8 members and meels 516 times each year. Trustees who served during Ihe year and up lo the date of this report were as follows: Tony Bernstein {Chair), Chris Madel (Deputy Chair), George Smith, Allison Blasch, Catherine Sandler, Rosalyn Bowles and Kelly Hearne. To beller inform our work. the Iruslee board includes current or former volunteers. The Irustees also have a finance sub-committee which is chaired by Allison Blasch and meets four limes a year. Risk Management The trustees have examined the major stralegic and operational risks Ihat the charity faces and confirm that systems have been pul in place to enable regular reports to be prodU￿d so Ihat steps can be taken to lessen these risks. Elective Resolution The accounts will be presented at the Annual General Meeting. Members are entitled to call for a meeting to be held by giving notice lo the company nol later than 21 working days before the date of the meeting at which the resolution is to be moved. Objectives and Activities The charity's objectives as set out in its Memorandum of Association are relief of children or parents in despair and distress and the prevention of emolional and physical abuse of such children. The aims of the charity are to give long-term befriending and mentoring support to parents and children in need through trained volunteers. The charity helps families to find their strengths lo make positive changes in their lives. The charity's mission is 'to help families to help Ihemselves,. In furtherance of these objectives, Family Friends recruits, trains, and oversees a supporl network of individual volunteers to befriend and give practical and emotional help to families with children who, in the opinion of the charity, are in need of assistance. In accordance with Ihis, 140 families were directly supported between April 2023 and March 2024, impacting a total of 400 people. Having considered the Charity Commission's guidance on public benefit, the trustees believe that the activities fall within this definition. FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital REPORT OF THE TRUSTEES AND DIRECTORS ST FOR YEAR ENDED 31 MARCH 2024 Family Friends has developed a three year strategy, which sets out our priorities and plans in the furtherance of our charitable objectives. Level of Support Services Family Friends is committed to serving communities within the Royal Borough of Kensington & Chelsea (RBKCI, the London Borough of Hammersmilh & Fulham ILBHF). the London Borough of Brent ILBB), and Westminster City Council (WCC). In addition to Ihese core areas, we continue to support families even after they have moved oul of these regions during their engagement period. Our primary service involves a comprehensive 12-month volunteer home-visiting scheme, offering befriending and mentoring support to families facing challenges. Since our inception, Family Friends has been a pillar of support in Kensington & Chelsea, starling in 1993, exlending services to Hammersmilh & Fulham in 2007. to Brent in 2016, and most recently to Weslminsler in 2023. We offer two key services: 1. Parent Befriending: Targeted support for parents of children under 18. helping them navigate parenting challenges and community engagemenl. 2. ChildlAdolescent Mentoring (Big Buddies)- Dedicated mentoring for children and adolescents aged 10-18 years, focusing on personal development and social skills. To further enrich our services, we conduct monthly groupwork sessions for volunleers, parents, young people, and sessions specifically designed for those with Special Educational Needs (SEN). Over the years, Family Friends has successfully fostered a robust peer network and has established a suite of training and support groups for families. Volunteers This year has been dynamic for our volunteer program. We organized four training weekends. welcomed over 50 new volunteers, and conducted eleven monthly support group sessions for all exisling volunteers. Our volunteers benefit from bespoke training opporlunilies tailored lo meet the evolving needs of our services, allowing them to extend their skills and expertise beyond traditional befriending roles. All volunteers can access our online portal, which serves as a tool for documenting sessions, planning future interactions, and facilitating monthly supervisions with one of our volunteer coordinalors. Operations Operational challenges this year primarily involved recruitment and retention, prompting a strategic realignmenl of our service delivery model to include a broader pool of workers.. Head of Families: This role is crucial for managing the entry and journey of families within our system, overseeing a team of part-time family connectors who tackle various projects on an as-needed basis. Head of Volunteers: A new position dedicated lo managing all volunteers across different levels and projects. this role also involves strategic oversight of Ihe volunteer coordinators and associated staff, focusing on project development and service enhancement. FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital REPORT OF THE TRUSTEES AND DIRECTORS FOR YEAR ENDED 31- MARCH 2024 Pool Workers: We have engaged a group of on-call workers who assist with group activities, assessmenls, and outreach efforts. This flexibility has allowed us to expand our geographic reach and tailor our services more precisely to cotnmunity needs. Partnership Work Our collaborative in itialives have been vital in enhancing our service delivery. A sigllificanl partnership with Golborne GP Surgcry has enabled us to supporl child health checks aligned with Ihe Grenfell NHS project, improving our capacity to assist local families through effective signposting and groupwork. Further, our involvement in the DRIF I project alongside the Young H&F Foundation, Wesl London Free School. and Violence Intervention Projecl has been instrumental in sllpporting the transitional age group within schools. theieby helping to bridge the gap between home, school, and community environmenls. Referrals and Service Adaptation Family Friends is deeply integrated into local networks, with referrals primarily coming from Early Help, Social Care, GPS, Social Prescribers, school teachers, pastoral staff, and other Voluntary and Community Sector IVCS) partners. Due to the volume of referrals, we have maintained a waiting list with a maximum initial wail lime of three weeks. This year. we also refined our service levels to accommodate a broader range of needs: Level 1 = Signposting Level 2.. Group activitie5 and trips Level 3.. Phone support for up to three monlhs Level 4.. Befriending and Big Buddies for up to a year This tiered approach allows us to efficiently transition individuals through our services or lo appropriate external services, optimising support timelines. Throughout the past year. our core Befriending and Mentoring programs have directly supported 140 families across our service areas, impacling approximately 400 individuals when considering the extended benefit to family members. Our ongoing commitment to adapt and respond lo community needs continues lo be the cornerstone of our mission at Family Friends. Financial Review Funding and Fundraising The Slalemenl of Financial Activities on page 10 discloses total income to March 2024 of £294.570 {2023-. £290,956) and total expenditure of £307.546 (2023: £261,722). The restricted fund is showing a deficit of £23.060 (2023 surplus.. £23,000). Reslricted funds have been awarded to be expended on work specified by the donor to further the Befriending and Mentoring services provided by the Charity. Family Friends is grateful to all the funders the support of families would not be possible without your generosity. The unrestricted fund surplus is £10,084 (2023 surplus.. £6,234) which increased our general reserves 10 £164,444 (2023. £154,360). FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital REPORT OF THE TRUSTEES AND DIRECTORS ST FOR YEAR ENDED 31 MARCH 2024 Reserves Policy Family Friends has a policy on unrestricted reserves as follows-. 'in order lo help guarantee the completion of service programmes lo existing clients, Family Friends has a reserves policy of maintaining an unrestricted reserves of the equivalent of 5 months of its annual gross expenditure budget,. Unreslricled reserves as al 31st March 2024 total £164,444 which represents five months of current budgeted expendilure and therefore comply with Ihis policy. The Trustees will continue lo review this and are committed to mainlaining sufficient unrestricted reserves. Going Concern Beyond monitoring the financial performance and management for the immediate year through the quarterly reporting cycle, the Truslees assess the financial wellbeing of the Charity by contributing lo and reviewing the Budget & Business Plan for Ihe subsequent year as well as the longer-lerm Slialegic Planning. The going concern status of the charity is a key focus of reporting for the Finance Sub-commillee which monitors actual and forecast financial reports and the robustness of the charity's income sources al each quarterly meeling, this is then reported on and discussed at each Trustees Meeling. The charity does recognise that future funding opportunities may become more difficult in light of the current economic situation, and we endeavour to explore differenl types of income generation lo mitigate the uncertainty. Trustees, Responsibilities for the Financial Statements The trustees (who are also the directors of Family Friends for the purposes of company law) are responsible for preparing the Reporl of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the Iruslees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the truslees are required to.. select suitable accounting policies and then apply them consislenlly observe the methods and principles in the Charily SORP make judgements and eslimales that are reasonable and prudenl slate whelher applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial slatements.. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charitable company and to enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital REPORT OF THE TRUSTEES AND DIREcfoRS ST FOR YEAR ENDED 31 MARCH 2024 Statement as to Disclosure of Information to Auditors So far as Ihe trustees are aware, there is no relevant audit information {as defined by Section 418 of the Companies Act 2006> of which the charity's auditors are unaware, and each trustee has taken all the steps that he or she ought to have taken as a Iruslee in order lo make himself or herself aware of any relevant audit information and lo establish that the charity's auditors are aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on l*............. and signed on its behalf by: Tony Bernstein (Chair) George Smith (Trusteel FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FAMILY FRIENDS Opinion We have audited Ihe financial statements of Family Friends (the "Charity") for the year ended 31 St March 2024 which comprise Stalemenl of Financial Activilies, the Summary Income and Expenditure, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporling framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion, the financial statements.. give a true and fair view of the slate of the Charity's affairs as at 31 St March 2024 and of its income and expenditure for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice- have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UK}l and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements Ihat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nolhing to report in respect of the following mallers in relation lo which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed in the financial slalemenls any identified material uncertainties Ihal may cast significant doubt about the Charity's ability to continue lo adopt the going concern basis of accounting for a period of al least twelve months from the dale when the financial statements are authorised for issue. Other information The trustees are responsible lor the other information. The other information comprises thc information included in the annual report other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover Ihe other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial slatements, our responsibility is to read the olher information and, in doing so. consider whether the other information is materially inconsistent with the financial slatemenls or our knowledge obtained in the audit or othewise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalements, we are required to determine whether there is a material misstatement in the financial statements or a material misslalemenl of Ihe other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing lo reporl in this regard. FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF FAMILY FRIENDS Matters on which we are required to report by exception In the light of the knowledge and understanding of the Charity and ils environmcnt oblained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Reporl. We have nothing lo report in respect of the following mallers in relation lo which the Charities Act 2011 requires us lo report lo you if, in our oplnlon". adequate accounting records have not been kept or relurns adequate for our audit have not been received from branches not visited by us-, the financial statements are not in agreement with the accounting records and returns-, we have not obtained all Ihe information and explanations necessary for the purposes of our audit., the directors were not enlitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies exemption from the requirement to prepare a strategic report. Responsibilities of the trustees As explained more fully in the trustees, responsibilities statement sel out on page 6, Ihe trustees are responsible for the preparation of the financial statements and for being satisf led that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial slalements that are free from material misslalement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accour)ling unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements The trustees have elected for the financial statements lo be audited in accordance with the Charities Act 2011 rather than the Companies Acl 2006. Accordingly, we have been appointed as auditor under section 145 of the Charities Acl 2011 and report in accordance with rcgulations made under section 154 of thal Act. Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are Iree from material misslalemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material m isstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory ffameworks that are applicable to the Charity and determined that the most significant which are directly relevant lo specific assertions in the financial statemenls are those related to the reporting frameworks IFRS102, the Charities SORP and the Charities Act 2011). FAMILY FRIENDS A Company limited by guarantee and not having a Share Capital INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FAMILY FRIENDS We understood how the Charity is complying with those legal and regulatory frameworks by making enquiries of the Iruslees and management. We did not identify any mallers relating to non-compliance with laws and regulations or relating to fraud. We assessed the susceptibility of the Charity's financial slatcments lo material misslalefflenl. including how fraud might occur by discussions with the trustees and management to understand areas whore they considered there was susceplibilily lo fraud. We also considered pressures on the trustees and management to meet any exteinal pressures in reporting the financial results of the Charity. Audit procedures performed by the engagement team on the areas where fraud might occur included: evaluation of management's internal processes designed to prevent and detect irregularities lesting. with a focus on entries determined to be large or relating to unusual transactions review of data to detect unusual transactions Assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team's.. understanding of, and practical experience with audil engagements of a similar nalure and complexity through the appropriate training and participation knowledge of the sector in which the Charity operates understanding of the legal and regulatory requirements specific to Ihe Charity. Use of our report This report is made solely to the Charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011 and the regulations made urider section 154 of that Act. Our audit work has been undertaken so thal we might stale to the Charity's Irustees those matlors we are required to slate lo them in an audilor's report and for no other purpose. To the fullest cxtenl permitted by law, we do not accept or assume responsibility lo anyone other than tP)e Charity's trustees as a body, for our audit work. for this report. or for the opinions we have formed. Signed LL Dale Bullimores LLP Stalulory Auditor and Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Old Printers Yard 156 SoLJth Street Dorking Surrey RH4 2HF Family Friends Statement of financial activities (Incorporaling an income and expenditure account) For the year ended 31 March 2024 2024 Total 2023 Total Unrestricted Restricted Note Income from: Donations and le9acies 46,515 191,689 238,204 245,940 Charitable acb'iAts'es'. Befriending & ￿nIorIng Sermces 49,750 49,750 44,500 Other trading acb'mlies 250 250 In￿Stment income 6,366 6,366 516 Total income 241439 294.570 290,956 Expenditure on: Raising funds 4,532 42,970 47,502 22,469 Charitable activities.. Befriending & Mentoring SeNces 38,515 221,529 260.044 239,253 Total expenditure 307 546 2G1,122 Net incomel(expenditure) for the year 10,084 (23,060) {12,976) 29,234 Reconciliation of funds: Total funds brought forward 154,360 37,821 192,181 162.947 Total funds carried forward 164.444 14,761 179,205 192,181 All ol the ab)ve results are derived from continuin9 aclivilies. There were no other reco9nised gains or losses other than those staled above. The allached notes form part of these financial slaternents. io Family Friends Balance Sheet As at 31 March 2024 2024 2024 2023 2023 Note Fixed assets: Tangible assots 11 5,410 4,062 Current assets: Debtors 12 11,955 267.182 279,137 10.902 Cash at bank and In liand 310.261 321.163 Liabilities= Creditors." amounts falling due wthin year 13 105,342 1133,044 Net current assets 173,795 188.119 Total assets less current liabilities 179,205 192,181 Funds Reslricled funds Unreslricled funds". Gerieral funds Designated funds Total unrestricted funds 15 14,761 37,821 164,444 144,360 10,000 164,444 154,360 Total funds 179,205 192.181 For the year ended 31 March 2024 the charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable conpany lo obtsin an audit of ils financial statements for the year ended 31 March 2024 in accordance wth Section 476 of the Companies Act 2006 The trustees acknowAedge their responsibilililies for ensuring that the charitable cotTpany keeps accounting records that comply v4ri1h Sections 386 and 387 of the Companies Act 2006 and (bl preparing fInanc￿al statements which give a true and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year In accordance Mrith the rpquirerrtnts of Sections 394 and 395 and whi¢li otherwse comply with Ihe requirorrEnls of the Coinpanies Act 2006 relating lo financial slalements. so far as applicable lo the chre information about their contribub'on. 12 Family Friends Notes to the financial statements For the year ended 31 March 2024 1 Accounting policie5 Icontinuedl Interest receivable Interest on funds hold on deposil is included when receivable and the armunt can be measured reliably by the charity., this is normally upon notification of Ihe interest paid or payable hy the bank. Expenditure and irrecoverable VAT Ejpendiiure is recognised once there is a legal or Constructi￿ obligation to make a payment to a third paty. it is probable that sottlemenl woll be required and the arrounl of the obligation can be measured reliably. Ewendilure is classified under the follo￿Arng actimty headings.. Costs of raising funds comprise of tradin9 Costs and the costs incurred by tre charitable company in inducing third parties lo make voluntary contributions to IL as well as ihe cost of any acliifjlies with a fundraising purposo. Expenditure On charitable actiwities includes direct 2nd operational costs of delivering senrices and other educational actiwlies undertaken to further the purposes of the charity and their associated supwrt costs. Other e>penditure represents those items not falling inlo any other heading. Irrecoverable VAT is charged as a cost against the actimty for which the expenditure was incurred. Allocation of support costs Support costs are those functions that assisl the work of the charity but do not directly undertake charitable aclivilies. Support costs include off ice costs, finance, personnel. payroll and governance costs which suptx)rt the Trusts programme and aclimties. These costs have been allocated between cost of raising funds and eypendilure on charitable actimties. The bases on which supwrt costs ha￿ been allocaled are set out in note 7. Operating leases Rental Charges are charged on a straight line basis over the term of the lease. Tangible fixed assets Items of equipment are capitalised ￿ere the purchase price exceeds £1,000. Depreciation is provided al rates calculated lo wite down the cosl of each assÈl to ils estimated residual value obEr ils e>pecled useful life. The depreciation rates in use are as follows.. Office equipment Fixiures and fittings 33°/0 straight line basis 25°/o reducing balance Debtors Trade and ott)er debtors are reco9nised at the setllemenl amount due after any trade discount offered. PrepayrrEnts are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and .8hort term highly liquid inveslmenl£ Vvith 8 short maturity of three monihs or less Irorll the dale of acquisibon or opening ol the deposil or similar accounl. Creditors and provisions Creditors and pro￿lS1onS are recognised where the charity has a present obligalion resuliing from a past e￿nI that wll probably result in the transfer of funds to a third party and the amount due to setue the obligation can be measured or ests'mated reliably. Credilors and prowsions are normally recognised at their settlement arrK)unt after allowng for 2ny trade discounts due. Pensions Erry)loyees of the charity are entided lo join the Pensions Trusl Pension Scheme which is ILJnded by contribulions from empk>yees and Ihe charity as employer. The pension charge recorded in these accounts is the amount of contributions payable in the accounting year. 13 Family Friends Notes to the financial statements For the year ended 31 March 2024 2 Detailed comparatives for the statement of financial activitie5 2023 Unrestricted 2023 Restricted 2023 Total Income from: Donations aThJ legacies Charilable aclimts'es.. BefriendirYJ & Mentoring Serifjces In￿tr￿ent Income 51,791 194,149 245,940 44,5(X) 44.500 516 516 Total income 52,307 238,649 290,956 Expendlture on: R£ising funds Charitable actimlies.. Befriending & Mentoring Sermces 4,850 17.619 22,469 41,223 198,030 239.253 Total expenditure 46,073 215,649 261.722 Net income I leypenditurol for the year 6,234 23,0(X) 29,234 Reconciliaiion of funds: Total funds brought fonvard 148.126 14,821 162,947 Total furKJs carried fowdrd 154.380 37,821 192,181 3 Income from donations and legacies- current year 2024 Total 2023 Total Unrestricted Restricted Donations DMGT plc in Partnership ￿lth Tre Kensington & CheL FcHJndation Grdlers, Corrpany Charltsble Trust IrKliMdual Donati(￿$ John Artyitsge Charitable Trust in parb)ership ￿1th New PhiL4nlhropy Capilal John Lyon's Charity The EarL8 C(xJrl Debelopmenl Fund KenslTrJion & Chelsea Foundaty'on - Children and YourwJ PeO￿e Fund National Lottery Fund - EK)Ive proie¢l K&C Soclal C(MJncil Healthier Futures K&C Social Cwncil Vaccine A￿renesS Edmord G)sUing CT John Lyons Drill programnE Julia & Hans Rausing NW LoThJon Suicide Pre￿EntiOn NHSE Legacy Health & Equity Partnership London COtTff￿nIty Fund - Vanquis Harr￿S￿l¢h United Charities CanN)den Charities 10,000 5,000 10,000 5,000 2,765 12,5(M) 2.765 11,791 40.000 40.000 30,000 40,000 46.250 3,837 30,000 7.500 49,607 25,507 7,9 5,833 23,250 3.750 3.125 35,208 16,338 35,208 16,338 4,167 49.792 15.000 15,625 4,892 4,167 4,167 49,792 15,000 15,625 4,892 4,167 3,750 1,500 3.750 1,500 46,515 191,689 238,204 245.940 14 Family Friends Notes to the financial statements For the year ended 31 March 2024 3 Income from donations and l•gaci•s - prior year 2023 Total 2022 Total Unrestricted Restricted Donations DMGT plc in Parlnership wilh The Kensngton & Chelsea Foundabon (3rdlers' Company Charitable Trust G)Idman Sachs G¥es Annual Gimng Fund The Gro￿ Trust Lhiled in Hammersmith & Fulharn Lhiied in Hammersmith & Fulharn- Period Poverty Independence @ Home Indimdual Donations John Amitage Charilable Trust in parlnership wth New Philanlhropy Capital The CHK Foundation Iwa The Trusll London Community Foundation - frenfell Young People's Fund John Lyon's Charity John Lyon's Summer Actibites The Earls Court Devebpmenl Fund Kensingion & Chelsea Foundation - Children and Young Peop￿ Fund NJtional Lottery Fund- Ew)Ive project K&C Social Council Heallhier Futures K&C Social Council Vaccine Awareness Edward Ik)sUing CT John Lyons Drift programme Julia & Hans Rausing London Suicide Pre￿ntion 12,500 5,000 12,500 5,000 10,000 5,416 7,500 20,438 3,950 1,000 389 9.278 11,791 11,791 40.(K)O 40,000 40.000 11,250 15,1100 21,000 2.600 8,763 46,250 46,250 3.837 3,837 7,500 49,607 25,507 7,990 5,833 23,250 3,750 3,125 7,500 49,607 25,507 7,990 5,833 23,250 3,750 3,125 10,(KJO 14,671 194 149 245.940 181,255 4 Income from Charitab￿ activities 2024 Total 2023 Total Unrestricted Restricted Befriending & Mentoring Strrvi¢es Royal Borough ol Kensin9ton & Chelsea F & C Ser￿lees London Borough of Brent Total for Bèfriending & Mentoring Services 39,750 io,000 49,750 39.750 10.000 49,750 37,500 7,000 44,5(KJ Total income from ¢harilable activitl8S 4lJ. IJO 4EI,ljlO S Income from othèr trading activities 2024 Total 2023 Total Unrestricted Restricted Speakers lee 250 250 250 250 15 Family Friends Notes to the financial statements For the year ended 31 March 2024 6 IncorrE from inv8stn*nls 2024 Total 2023 Total Unrestricted Restricted Bank interest 6,366 6,366 516 516 6.366 7 Analysis of expenditure . current year Charitable Aclimties Cost of Befriendinq raising & ￿￿nIOrillg funds Services Basis of allocation Support (knvernance costs costs 2024 Total 2023 Total Stsff costs Staff tirr Direct costs Direct Pretrises costs Staff tirne Staff recruitmenvlraining Staff lime ofrice costslcorryns staff lime Depreciation Staff litrE Audit & Accountancy lee5 Stsll b'nE Oiher Golernance cosis Staff 19,958 18,252 2.267 171,636 9,428 19,271 7,983 199,577 27,680 22,872 6,392 24,934 3,697 22.559 35 173,402 17,095 25.098 1.789 20.940 2,577 20.670 211 1,134 6.392 1,247 3,697 2,493 21.194 22,559 35 42,970 221,529 12.470 30,577 307,546 261,722 Support costs 1.313 11.157 112.4701 (ki￿rnanCe costs 3.219 27,358 130,5771 Total expenditure 2024 47.502 260,044 307,546 261,722 Tot31 eypenditure 2023 22,469 239,253 261,722 Of the total expenditure. £43,047 was unreslricted12023'. £46.073} and £264,499 was restricted (2023.. £215,649) This year the per￿ntage of costs. albcaled towards our core senAce on stsff time basis. has increa*d due lo the additional staff employed lo direcuy delI￿r the charitable sermces and their increased use of the oflice and facilities This year the split has been.. 10. 85. 5 to Befriending & ￿￿nIorIng.. Support Cosls'12023 - 81=19.01 and 10.. 85 ." 5 to "FundTaising.' Befriending & Mentoring.- Support Costs 12023 - 10-.83-.71 This change has impacted on restricted funds as additional costs ha￿ been allocated lo specific projects. 16 Family Friends Notes to the financial statement5 For the year ended 31 March 2024 7 Analysis of expenditure - prior year Charitable Actimlies rien Cost of ralslng & Mentoring funds SenAces Basis ol allocation Support &)vernance costs costs 2023 Total 2022 Total Staff costs Staff lirre Direct costs Direct Premises costs Stsfl li￿ Staff recruitmenvtrain￿ng Staff lime (Xfice costslcomms Staff time Depreciation Staff lime ALKJil & Accounldllcy fees Staff lime 0￿er Q)vern3nce ro815 Slalf linE 17.340 279 143,924 16.816 20.329 12,138 173,402 17,095 25,09B 1,789 20.940 2,577 20,610 211 162.320 15.596 15,890 950 21.449 1.053 21,Og) 4,769 1,789 3,979 2,577 16,%1 20,810 211 17,619 198,030 13.114 32,959 261,722 238.428 Support costs 1.381 11.733 113,1141 )vernance costs 3,469 29.490 132,9591 Tolal expenditure 2023 22.469 239,253 261,722 238,428 Total eyperKiilure 2022 24.020 214.408 238.428 or the lotsl eynditure, £46,073 was unreslricled12022.. £50,606) and £215.649 was reslricled12022.. £187,822). This year Ihe percentage of costs allocated towards our core sermce on staff lime basis, has increased due to ihe additional slalf employed lo directly deliver Ihe charitable sertrices and I￿1r increased use of the office and facilibes. This year the split has been.. 81.. 19 to Befriending & ￿nIOrIng.. Supwrt Costs. (2022 - 70.'301 and 10..83..7 to 'Fundr3ising.' Befrier￿ing & Mentoring Support Costs" {2022 - 10..80.' 101 This change has imp2cled on reslricled funds as additional costs have been allocated lo specific proFcts. Net expenditure for the year This is staled after charging 2024 2023 Operah'ng ￿ase rentals.. Properly Depreciab'on Audilorfs remuneration. 18.092 3.697 14,368 2,577 Audit fees 4,700 240 4,940 4,500 11701 l(Aerllunder prow5ion Total remuneration charged in the year 17 Family Friends Notes to the financial statements For the year ended 31 March 2024 Analysis of staff costs, trustee remuneration and expenses. and the cost of key management personnel Stsfi costs were as follows.. 2024 2023 SaL9ries aThJ ¥Aoges Social security costs Empk)yer's contribution lo defined conlribulion pension schemes 182,102 11,126 6,349 199,577 156,462 10,431 6,509 173,402 The numtrEr of employees whose total employee benefits, excluding employer penS￿On contribLJtions, earning over £60,000, classified within bands of £10,000 is as follows.. 2024 2023 £60,000 to £fiq,999 £70,000 to £79,999 The total employee benefits including pension contributions of the key managery￿nI pe150nnel were £199.577 {2023-. £173,402>. The Charity Iruslees were not paid or recei¥￿1 any benefits from employnEnt kne Trust in the year12023= £nill neithcr were thcy reimbursed expenses during the year12023.. £nil). No Charity Iruslee received payment for professional or other sen￿ceS supplied lo the charity12023.. £nill. Staff numbers The a*r8ge number of employees (head count based on nuntsr of stsff empbyedl during the year was as follows.. 2024 2023 charitab￿ activities 10 Taxatlon The charitable company is exernpl fiom cortx)ration tax as all its income is charit8ble and is applied for charitable purposes. 11 Tangible fixed a55ets Offfice equipment Fixtures & Fittings Total Cost At the start of the year Disposals in year Addiiions in year Al ihe end of the year 6,804 1.238 8,042 1.600 2.838 5,045 13,087 10,249 Depreciation Al the starl of the ycar DisFK)sals in year Chargo for the year At the erKI of the year 3.670 310 3,980 3,Q65 6,735 3,697 7,677 Net book value At the end of the year 3,514 1.8 5,410 At Ihe stafl of the year 3,134 928 4.062 All ol the atK>ve assets are used for Charitab￿ purposes. 18 Family Friends Notes to the financial statements For the year ended 31 March 2024 12 Debtors 2024 2023 Trade debtors Other debtors PrepayrrEnts 250 9,845 1,860 11.955 3,694 1,774 10,902 13 Creditors: amounts falling due within one year 2024 2023 Trade C[￿ltorS Tayation and social security 0￿er creditors Accruals Deferred income 2,299 5.688 6,483 8.536 4,678 113.347 133.044 6,403 90,972 105,342 Deferred income 2024 2023 Balance at the beginning of the year Amount released lo income in tre year Amount deferred in the year Balance at the end of the year 113,347 1113,3471 90,972 90,972 65,436 165.4361 113.347 113.347 Deferred income comprises of grants lecei￿ in the current year thich relate lo future periods. 14a Anatysis of net assets between funds- current year General General unrestricted designated Restricted Total funds Tangible fixed assets Net current assets Net assets al the end of the year 5,410 159,034 164,444 5.410 173. 795 179,205 14,761 14,761 14b Analysis of net assets between funds - prior year General General unrestricted designated Reslricted Total funds Tangible fixed assets Net current assets Net assets al the eThJ of the year 4,062 140.298 144,360 4,062 188.119 192,181 10.000 10,000 37.821 37,821 15a Movemonts in funds - current year Incomrng Outgoing At the start resources & resources & of the year gains losses At the end of th8 year Transfers Restricted funds: Befriending & Mentoring Sermces Total restricted funds 37.821 37,821 241.439 241,439 264,499 264.499 14,761 14,761 Unrestricted funds: General funds Designated funds Total unrestricted funds 144,360 10,000 154.360 53.131 33.047 10.000 43.047 164,444 53.131 164,444 Total funds 192,181 294,570 307.546 179,205 19 Family Friends Notes to the financial statements For the year ended 31 March 2024 15b Movements In funds - prior year Incoming (Xjlgoing At the start of resources & fesources & the year gains losses Al the end of the year Transfers Restricted funds: Beffiending & Mentoring Serifjce5 Total restrlcted funds 14,821 14,821 238,649 238,649 215,649 215,649 37,821 37,821 Unrestricted funds.. l*neral funds Designated funds Total unrestrlcted funds 148,126 52.307 46,073 10.000 10,000 144.360 148,126 52,307 46,073 154,360 Total funds 162,947 290,956 261,722 192.181 Purposes of restrlcted funds.. Befriendlng & Mentoring Services The income of the charity includes grants reCeI￿d lor specific restricted projects. Purpose of Designated funds During the year ended 31 March 2023 the trustees created a designated fund for the purpose of allocating funds for the 30(h Anniversary and transferred £10.000 to it from general funds. During 2023124 these funds hava been spenL 16 Operating lease Commitments Total future mininMJm kase payments undei non-cancellable operating ￿aSeS are as follows.. Property 2024 2023 Due within one year Due wthin ￿ to fi￿ years 3,650 13,569 3,650 13,569 17 Legal ststus of the charlty The charity is a company limited by guaranlee incorporated in England and has no share capital. Each rne￿r is liab￿ lo contribute a sum not exceeding £10 in the e￿nI ol the charity teing wound up. 18 Related party transactions There are no related party transactions lo disclose for 202412023.. none). There ale no donations from related parh'es which are outside the normal course of business and no reslricled donations from reL41ed parties. 20