Company registration number: 03190740
Charity registration number- 1056825
Friary Drop-in Ltd
(A covnpany limited by guarantee)
Annual Report and Financial Statements
for the Year Ended ) l March 2024
Community Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL

Friary Drop-in Ltd
Contents
Reference and Administrative Details
Trustees, Report
2to5
Independent Examiner's Report
Statement of Financial Activities
7t08
Balance Sheet
9t0 10
Notes to the Financial Statements
11 to21

Friary Drop-in Ltd
Reference and Administrative Details
Truslees
Paul Randle, (Chair)
Amanda Bayliss, (Vice Chair)
Glenn Aungles. (Treasurer)
Timothy Martin
Louise Gee
Janice Moore
James Crew
Senior Management Team
Ben Talbot. Chief Executive
Ann Bremner. General Manager
Charity Registration Number
1056825
Company Registration Iyumber
03190740
Registered Otrice
46 Musters Road
West Bridgford
Nottin2ham
Nottinghamshire
NG2 7PR
Independeni Examiner
John O'Brien, employee of
Community Accounting Plus
Unils l & 2 North West
41 Talbot Sireet
Nottingham
NGI 5GL
Bankers
TSB Bank PIC
2 Davies Road
Wesi Bridgford
Nottingham
NG2 5JD
CCLA Investment Management Limited
The COIF Charities Deposit Fund
80, Ch¢apside
London
EC2V 6DZ
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
Page I

Friary Drop-in Ltd
Trustees, Report
The trustees, who are directors for the puryjoses of company law. present the annual report together with the
financial statements of the charitable company for the year ended ) l March 2024.
Truslees and officers
The trnstees and officers serving during the year and since the year end were as folloivs:
Trustees:
Paul Rt)ndle. (Chair)
Amanda Bayliss, (Vice Chair)
Glenn Aungles, (Treasurer) (appointed 2J November 202J)
Richard Mccallum. (Vice Chair) (resigned 17 October 2023)
Alex Rae (resigned 24 March 2024)
Timothy Manin
Wenda Power (resigned 27 July 2023)
Louise Gee
Benedicte Seclin (resigned 24 October 2023)
Janice Moore (appointed 25 May 2023)
James Crew
Structure, governanee and management
Nature ofgoverning documelll
The charity is a company limited by guarantee aTJd registered charity. It is operated under the rules of its
memorandum and articles of association dated 25 April 1996. It has no share capital and the liability of each
member in the event of winding-up is limited to £ l.
Recruilmenl and appoinlnienl of Iruslees
When recruiting new trustees. priority is given to the T]eeds of the Friary and whether a new trustee can bring a
new skillset into the organisation. Thi5 year sam. the appointment of a new treasurer following a retirement and a
trustee with a marketing background. The organisation will continue to recruit trustees who bring new expertise
to the Board.
Trustees, who are also directors of the company. are appointed by the member vote at the annual general
meeting, although up to ihree may be c(popted during the course of an), accounting year.
Full meetings of the trustees are held bi monihly along with the Finance sub committee, whilst the
subcommittees for Operations and Community Engagement meet quarterly.
Page 2

Friary Drop-in Ltd
Trustees, Report
Objectives and activities
Objects and aims
(i) relief of poverty amongst persons living in the Rushcliffe and adjacent districts in the county of
Nottinghamshire by the provision or assistance in the provision of facilities and activities to relieve those
persons who may be considered to be in necessitous circumstances by being homeless (or in temporary
accommodation) or unemployed.
(li) the advancement of education amongst such persons by the provision of advice. counselling and inforn]ation
suitable and relevant to their need5 and geared toward5 their poverty- and
(iii) the provision or assistance in the provision of TecreatiOTJal and other leisure time activities in the interests of
social Th'elfare and with the object of improving the condition5 of life for such person5.
Objeclives, stralegies and activilie5
In furtherance to the above objects the Friar). s mission is to emp0￿er hoTnele55 and vulnerable adult5 to rebuild
their lives by offering practical services. advice and emotional support. To this end the organisation offered
these specific services to beneficiaries during the course olthe reporting year..
Professional advice and referral;
GP surgery.
Homeless nursing team;
Specialist welfare rights advice;
Welfare provision of food. clothing. toiletries and household items-
* Shower and laundry.
Public benefit
The principal activity of Friary DroTrln Limited is that of a charitable organisation assisting the homeless, those
in temporary accommodation and the unemployed.
The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 201 I to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievement5 and performance
This financial year saw the return of the Friary Allotment project from January 2024. This wa5 folloH'ing a l O
year break and as part of the strategic priority io provide visitors ￿'1th more wellbeing activities. The
development of the project was a collaborative effort between volunteers and staff. The launch of the project
was only possible following a significant financial contribution from local coinpany Arch Communications. The
project sees Friary visitors visit the site from 10am till around l.iopm on a Monday. Wednesday and Friday.
Two new allotment staff ￿'¢re recruited and it is hoped thai the project can secure funding to continue beyond its
first year.
Existing services Th'ithin the DrO￿[n Centre remained consistent ￿1th practical, emotional and advice support
given to visitors. The Friary. also continued to signpost visitors to appropriate services for housing, debt advice,
mental health and addiction services. Exiernal partners were also given the opportunity to meet visitors at the
Friary. The 12 month period saw an increase of 420/0 in visits to the cenire (up to 12,887 from 9,049).
Page i

Friary Drop-in Ltd
Trustees, Report
The number of new vi51tors to the Friary increased by 17/0 and there was an increase of 440/0 of people in no
fixed abode.
The year Saw a significant number of positive outcovnes for Friary vi51tor5 as follows...
71- Moved from homelessness to a¢¢ommodation (temporary or pennanent)
25 - Got a tenancy agreement
26 - Am'arded benefits
18 - Referred for debt advice
l O - Opened bank account
7- Secured fornial ID
24 - Moved into employment
14 - Engaged in training
8 - Moved into volunteering
22 - Accessed drugalcohol services
14 Accessed mental health services
Despite needing to move locations, the Friary IT room has continued to operate and is a hugely important part of
our support service. It's primary aim is to empower visitors with improved IT skills and confidence. This
encompasses utilising the computers available on-site as well as assisting visitors in the use of their own
devices. The financial year saw the IT room accessed by 189 different visitors.
Financial review
A5 had been anticipated. there was both a reduction in income and an increase in cost5 for the financial year
leading to a significant deficit of circa £ I Iok.
This is disappointing but was expected. Income was a5 expected with a reduction following the one off donation
from the URC Church in the previou5 financial year. Costs were significantly higher a5 energy, insurance and
general costs increased. Staffing leve15 were also back to capacity and reC￿ltment will now only take place if
ne￿. funding can be secured.
The Trustees and Senior Management have put in place a budget to bring the finances back to break-even within
2 years whilst retaining appropriate reserves.
The funding landscape remains challenging as cosl of living increases have impacted individuals, corporates and
other donation sources. We recognise the need to be prudenl in the coming years.
Policy on reserves
At i I st March 2024. free reserves amount￿ to £368,490 (202J £490.006). This represents approximately 680/0
of annual expenditure {202J'. 1160/0
The reserve levels equate to around 8 months outgoings. In the long temi the Friary. aims to have uncommitted
reserves equivalent to a minimum of 6 months average annual expenditure. This policy should be seen as part of
the financial management of the Friary. It fonns one of the bases of the budget process. It is not su￿1Clent to
leave the levels of reserves lo chance.
Page 4

Friary Drop-in Ltd
Trustees, Report
Major rlsks andmanq¥em¥ni ofihofje risk5
A4anagemeni of Risk
There is %ignifi¢ant risk thai all funding streams will be impa¢t¢d by the on-going cost of living crisis. Do
individuals have the income to continue to (k)naie and are trusts and grdnts less ai'ailablc? The Friary is making
gi￿]fIr￿fit effnrt% tc) ensure there is a fundrdising Strnte￿ that addresses income streams.
The other financial risk of increased costs is also reviewed * bi monthly finance committee meeting5.
Ststement of Responsibilities
The trusiees (Ivho are also the directors of Friary Dropin Ltd for the purwses of company law) are resrK)nsible
for preparing the tn]siees' report and the financial stal¢ments in accordance with applicable law and United
Kingdom Accounting Sw)dards (United Kingdom Gcncrally A¢cepted Accounting Practi¢e), including FRS
102 "The Financial R¢p)rting Standard applicable in the UK and Rcpublic of Ireland" The report and a￿OuntS
ht*ve been prepared in &¢cord8nce with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trust¢es to prepare financia] stslements for each financia] year. Under company law
the trU8tees must not approve the financial S￿ternents unless they are satisfied thai they give a true and fair view
of the slate of affairs of the charitable company and of th¢ incoming resources and application of resources,
including its income and expenditure, of the charitsble company for that period. In preparin8 these financial
statements, the trustees are required to:
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Chariiies SORP-
make judgements and estimates that are reasonable and prudenL
slate whether applicable aecounling standards, wmprising FRS 102 have been followe& subject to any
material departures disc105ed and explained in the financia] sta￿ments. and
prepare the financial statements on the going concern basis unl&8s it is Inappropria￿ ￿ presume thai the
charitsble company will continue in business.
The trustees are resw)n5ible for keeping proper a¢¢ounting records thai can di￿10$¢ with reasonable accuracy al
any time the financi81 position of ihe charitable company and enable them to ensure that the financial 51atements
cotnply with the Companies Act 2006. They are also reswnsible for safeguarding the assets of the charitsble
ompany and hence for takÉng reasonable stcps for the prevcntion and detection of fraud and other irregularities.
The trustees are responsible for the maintenan¢e and integrity of the corpordte and financial inforniation
included on the charitable company's websi￿. Legislation governing the preparation and dissemination of
financial staicmenTS may ditTcr IrBislaiioi) in othci jurisdiciion5.
Small tompanies provision ststement
This rewrt has been prepared in accordance with the small cnmpanies regime Lmder the Compani¢s Act 2006.
nual rc
rt was approved by the trus￿ of the charity on 18 Novemlxr 2024 and signed on its beha]f by:
Paul Randle
Tru5tec
Pagc 5

Friary Drop-in Ltd
Independent Examiner's Report to the trustees of Friary Drop-in Ltd ('the Company,)
Independent examiner's report to Ihe Irustees of Friary Dropin Ltd ('the Companv,)
I report to the charity trustee5 on my examination of the accounts of the company for the year ended 31 March
2024.
Responsibilities and basis of report
A5 the charity'5 trustees of the Company (and also its director5 for the purpose5 of company law) you are
responsible for the preparation olthe accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 ('the ?01 l Act,). Jn carrying out my
examination I have followed ihe Directions given by the Charity Commission under section 145(5}(b) of the
2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250.000 your examiner must be a mernber of a body listed in
section 145 of the 201 l Act. I confinn that l am qualified to undertake the examination because l am a member
and Fellow of the Association of Charity Independent Examiners. which is one of the listed bodies.
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material re5pect-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the accounting requirements of Section J96 of the 2006 Act other than any
requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an
independent examination- or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John O'Brien Mbc, FAIA, FLCA. FCIE. employee of Community A¢couTJting Plus
Fellow of the A$S￿latIOn of Charity Independent Examiners
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
2211112024

Friary Drop-in Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unreslrieled
funds
Restricted
funds
Totsl
2024
Total
2023
Note
Ineome and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
269,77)
7.158
26,648
14,667
269,773
117,?02
26,648
14,667
383,299
76,095
20,461
6,964
110,044
Total income
J18,246
110,044
428,290
486,819
Expendilure on:
Charitable activities
(182.J98)
(J59,737)
(542,135)
(423,816)
Total expenditure
Gainsllosses on investment
assets
(182,J98)
(J59,737)
(542,135)
(42J,816)
(2,031)
Net incomel(expenditure)
Transfers between funds
lJ9,)00
(260.816)
(249,69))
260,816
(I10.J9J)
60,972
Net movement in funds
(121,516)
11,123
(110,393)
60,972
Reconciliation of funds
Total funds brought forward
490,006
490,006
429,034
Total funds carried fO￿ard
21
J68.490
J79,61J
490,006
All of the charity's activitie5 derive from continuing operation5 during the above two periods.
The funds breakdown for the period is shown in note 21.
The notes on pages I I to 21 forni an integral part of these financial statements.
Page 7

Friary Drop-in Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
These are the figures for the previous accounting period and are ineluded for comparative purposes
Unrestricted
Reslrieled
Total
funds
fund5
2023
Notc
Income and Endowments from:
Donations and legacies
Charitable activiiies
Other trading activities
Investment income
J8J,299
383,299
76,095
20,461
6,964
76,095
20,461
6,964
Total income
410,724
76,095
486,819
Expenditure on:
Charitable activities
(165.683)
(258,133)
(423,816)
Total expenditure
Gains/losses on investment assets
(165.683)
(9.031)
(258,133)
(423,816)
(2,031)
Net incomel(expenditure}
Transfers between funds
24J,010
(182.OJ8)
(182,038)
189,OJ8
60,972
Net movement in funds
60,972
60,972
Reconeiliation of funds
Total funds brought fO￿ard
4?9,OJ4
429,034
Total funds carried fon¥ard
21
490,006
490,006
The notes on pages I I to 21 forni an integral part of these financial statements.

Friary Drop-in Ltd
(Registration number: 03190740)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assels
Tangible assets
Investments
451
51,380
12
Current assets
Debtors
Cash at bank and in hand
13
14
16,538
393,588
13,947
449,856
410,126
463,80)
Creditors: Amounts falling due wilhin one year
(11,276)
(25,628)
Net eurrent assets
398,850
438,175
Total assets less current liabilities
398,850
490,006
Provisions
17
(19,237)
Net a55ets
J79,61)
490,006
Funds of the charity:
Restricted income funds
Restricted funds
21
Unrestricted income funds
Unrestricted funds
368,490
490,006
Total funds
21
J79,61)
490,006
For the financial year ending J l March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities-
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
The notes on pages I I to 21 forni an integral part of these financial statements.
Page 9

Friary Drop-iD Ltd
(Registration number: 03190740)
Balance Sheet as at 31 Mareb 2024
The financial slatements on pages 7 to 21 were approved by the trustees. and authorised for issue on 18
November 2024 and si
ed on their beha]f by:
gles
Trustee
The notcs on pages I I ￿ 21 form an integral part of these financial statemenLS.
Page 10

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
l Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial Statements are set out below.
These policie5 have been consistently applied to all the years presente(L unle55 Othenvi5e stated.
Slatement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK aTJd Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparalion
Friary Drop-in Ltd meets the definilion of a publlc benefit enlity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaciion value unless otherwise stated in the relevant accoLmting
policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to
continue as a going concern. The trustees make this assessment in respect of a period of one year from the date
of approval of the financial statements.
Exemption from preparing a eash flo)v Statement
Under the exemption available to smaller charitie5 the Board of Trustees has chosen not to include a Statement
of Cash Flows Wlthin the financial statetnents.
Income and endowments
Voluntary income including donation5, gift5, legacies and grants that provide core funding or are of a general
nature is recognised when the charity has entitlement to the income. it IS Probable that the income will be
received and the amount can be measured with sufficient reliability.
Donalions and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perforniance by the charity before the
charity is entitled to the funds: the income is deferred av]d not recognised until either those conditions are fully
met, or the fulfilmeni of those conditions is wholly wiihin the Control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis folloii'"ing the grant of probate when the
administratorlexecutor for the estate has communicaied in writing both the amount and settle]￿ent date. In the
event that the gift is in the form of an asset oiher than cash or a financial asset traded on a recognised stock
exchange, recognilion is subject to the value of the gift being reliably measurable with a degree of reasonable
accuracy and the title to the asset having been transferred to the charity.
Pagell

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Gran15 receivable
Grants are recognised when ihe charity has an entitlement io ihe funds and any conditions linked to the grants
have been met. Where perfomance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Inve51ment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expendilure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregale similar costs to that calegory. Where costs cannot be directly attributed to
particular headings they have been allocated on a basls conslslent with the use of resources, with central staff
costs allocated on the basis of time spenl. and deprecialion charges allocated on the portioi) of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charilable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneflciaries. It includes both costs that can be allocated direcily to such activiiies and those costs of an
indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter J Part I l of the Corporation Tax Act 2010 or Section ?56 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charltable PUTP05es.
Tangible fixed a55ets
Individual fixed assets costing £2,000.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost OT valuation, le55 any estimated
residual value: over their expected useful economic life as folloM'.5-
Asset class
Depreciation method and rate
straight line basis over the lifetime of the
relevant lease
15 /0 on a reducing balance basis
200/0 on a straight line ba51S
Leasehold improvements
General equiptnent
Vehicles
Page 12

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Fixed assel investments
Fixed asset investments, other than progrdmme relaied inveslments, are included at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference be￿'een sales proceeds and
their market value at the start of the year. or their subsequent cost, and are charged or credited to the Statement
of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movemenl in markel values during the year and are credited or
charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.
Trade debtors are recognised initiall! at the transaction price. They are subsequently measured at amortised cost
using the effective interest metho(L less provision for impairn]ent. A provision for the impairnient of trade
debtors is established when there 15 objective evidence that the charity will not be able to collect all amounts due
according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni hI￿lY liquid
investments that are readily convertible to a knoMTr amount of cash and are subject to an insignificant risk of
change in value.
Provisions
Provisions are recognised when the charity has an obligaiion at the reporting date as a result of a past event. it is
probable that the charity will be required to settle that obligation and a reliable estimate can be made of the
amount of the obligation.
Fund struclure
Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of
the objectives of the charity.
Restricted income funds are those grants lor use in a particular area or for specific purpose5, the use of which is
restricted to that area or purpose.
Pensions and other post retirement obligation5
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the
contributions payable by the charity during the year.
Page li

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
2 Income from donations and legacies
Unrestricted
Totsl
2024
Total
2023
General
Donations and legacies.
Donations from companie5, trusts and similar
proceeds
Donations from individuals & groups
Legacies
Gift aid reclaimed
Grants. including capital grants:
Government grants
63,080
1 fv1.867
10,000
63,080
164,867
10,000
26,226
155,002
190,489
335
32,473
5.600
5,600
5,000
269,77)
269,77)
383,299
3 Income from charitable activities
Unrestricted
funds
General
Restricted
fund5
Total
2024
Total
2023
Grants & donations
Sales
Laundry & lunches
110.044
110,044
7,027
76.095
7.027
7,158
110,044
117,202
76,095
4 Income from other trading aclivilies
Unrestricted
Total
2024
Total
2023
General
Local fundraising
26,648
26,648
20,461
26,648
26,648
20,461
5 Investment ineome
Unrestricted
funds
General
Total
2024
Total
2023
Interest receivable and similar income;
Interest receivable on bank deposits
14,667
14,667
6,964
Page 14

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Grants & donations
Unrestricted
(unds
Restrieted
funds
Total
National Lottery Community Fund
Nottinghamshire County Council
The Thomas Farr Charity
The Jones 1986 Charitable Trust
The Lady Hind Trust
Winnifred Eileen Kemp Trust
The Greenivood Christian Trust
Rushcliffe Borough Council
The Dunn Family Trust
Anonwious funders
Rushcliffe BC Councillor5
Sir John Eastwood Foundation
The Mary Robert50n Trust
The Jessie Spencer Trust
The Gray Trust
The Sage Trust
The Pretty Flamingo Charitable Trust
Nottinghamshire CC Councillors
G T Littlefair Trust Fund
The Saved to Serve Trust
Donations from individuals & groups
Churches
Corporate support
Legacy
Gift Aid
51,850
51,850
12,223
5,000
5,000
5,000
7,000
5,200
5,000
4,000
2,500
2,372
2,000
2,000
1,000
1,000
1,000
900
600
500
500
172,845
5.000
5.000
5.000
7,000
5,000
4,000
2,500
2,372
2,000
2,000
1,000
1,000
1,000
900
600
500
500
164.867
7,978
19,487
10,000
11,621
i 0,000
26,226
269,77J
110,044
J79,817
Page 15

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
funds
Totsl
2024
Total
2023
Cleaning
Costs of fundraising
Communication5
Depreciation
Insurance
IT software & maintenance
Marketing
Payroll service
Legal & professional fees
Rent & services
Repairs & maintenance
Resources & equipment
Salaries, Nl & pension
Staff expenses
Stationery & office expenses
Subscriptions
Training
Utilities
Vehicle costs
Welfare expenses
Recruitment
562
3,981
5,316
451
7,159
5,690
2,094
1,400
9,670
10,232
3,981
6,568
451
7,850
9,714
2,094
1,400
8,508
36,526
26,501
14,068
J65,499
317
1,429
792
4,661
2,202
6,282
2,703
7,199
8,155
1,607
1,389
11.174
40,695
5,356
2,342
297,409
1,252
691
4,024
8.028
28,498
7,062
13,695
250.4)0
206
15.069
.051
792
951
855
18,900
3,126
7,106
216
1.408
26,097
4.495
8,806
2.050
28,147
4,495
25
94
94
18? 398
)59,7J7
542,135
423,816
8 Iyet incomingloutgoing resources
Net (outgoing)lincoming resources for the year include=
2024
2023
Depreciation of fLxed assets
451
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 16

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff cosls during the year were:
Wages and salaries
Social security costs
Pension costs
J32,100
21,866
271,979
16,968
8,462
365,499
297,409
The monthly average number of persons (including senior management team} employed by the charity during
the year was as follows..
2024
2023
Average number of employees
14
11 (202J
9) of the above employees parlicipated in the Defmed Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £11,53J (2023 - £8,462).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £97.161 (2023 - £91,673).
1 l Tangible fixed assets
Leasehold
improvemenls
General
equipment
Vehicles
Total
Cost
At l April 202J
lJ6,41J
16,118
189,691
At J l March 2024
lJ6,41J
16,118
189,691
Depreciation
At l April 2023
Charge for the year
136,41J
15,667
451
189,240
451
At 31 March 2024
136,41J
37,160
16,118
189,691
Net book value
At J l March 2024
At J l March 2023
451
451
Page17

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Fixed a55et investments
2024
2023
Other investments
51,380
Other investments
Listed
investments
Total
Cost or Valualion
At l April 2023
Revaluation
Disposals
(54,832)
(54,832)
At 31 March 2024
Net book value
At 31 March 2024
At J l March 2023
51,380
51,380
13 Debtors
2024
2023
Prepayments
Other debtors
10,594
5,944
9,795
4.152
14 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
418
J9J,170
428
449,428
J9J,588
449,856
15 Creditors: amounts falling due wiihin one year
2024
2023
Other creditor5
Accruals
Deferred income
590
10,686
1,049
13,008
11,571
11,276
25,628
Page18

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Obligations under leases and hire purchase contracts
The company has the following leases for premises= one for J4a Musters Road which is a 5 )'ear lease from 29
November ?0? I, with a break clause after J )'ears. annual rent £1 ?,750- a lease for 34 Musters Road which is a J
year lease from 24 August 2021. with a break clause after 18 months. annual rent £ I I,OOO' and a lease for the
Rooms in the Friary United Refonned Church M'hich was initially a l O year lease from l April 2015, annual rent
£2,500 (with an inflationary increase each year) and this has now been exfrnded on the same tern]s from l April
2025 through to 31 December 20?9.
The trustees have decided to apply the break clause for the lease of 34a Muster5 Road and it has been agreed
with the landlord that the lease for J4 Musters Road will continue on a rolling basi5 after the end of the fixed
terni lease on the 2Jrd Auuust 2024.
The total value of future minimum lease payments was as follows:
2024
2023
Within one year
In two to five years
In over five years
27,526
16,185
7,690
16,649
51,401
17 Provisions
Lease
dilapidation5
Total
Charged to the statement of financial aaivilies
(19,237)
(19,2J7)
As the trustees have taken the decision to apply the break clause for the lease of J4a Musters Road and therefore
terminate the lease on the 28th November 2094. £19,2)7 has been provided for dilapidations, which the trustees
consider appropriate under the circutnstances.
18 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the
trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of
liquidation.
19 Trustees remuneration and expen5e5
No trustees, nor any persons connected with them, have received any remuneration from the charity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 19

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
20 Fees payable to indepeTJdent examiner
During the period. the fees payable (excluding VAT) to the charity's independent examiner Community
Accounting Plus are analysed as follo￿.5=
2024
2023
Independent examination
Other financial services
1,125
1,166
1,035
1,217
2,?91
2,252
21 Funds
Balance at
l April
2023
Other
Balance at
recognised 31 March
Transfers gainsl(1055es)
2024
Incolning Resources
resources
eipended
Unrestricted funds
General
General fund
490,006
J18.246
(182,398) (260.816)
3,452
368,490
Restricted funds
Day Centre
IT
Advice Centre
Allotment
fv1,499
10,500
9.723
(265.060)
(23,384)
(57,094)
(14,199)
200,561
19,884
47,371
Total restricted fund5
110.044
{J59.737}
260,816
Tot21 funds
490,006
4?8,290
(542,135)
3,452
379,613
The specific purposes for which the funds are to be applied are as follows:
The Day Centre fund shows the income raised and donaied towards the running of the Friary drop-in day centre
and the income was from many sources.
The Advice Centre fund shows the incorne. from Nottinghamshire County Council's Local Communities Fund,
which was received in relation to the advice centre and the related expenditure.
The Allotment project fund shows income which was received from Arch Communications and Coop Local
Community Fund in relation to our allotment project and the related expenditure.
The IT fund, received funding from The Sir John EasN'ood Trust: The Lady Hind Trust; The Gray Trust & an
anonymous funder. The funding was all spent during the year on the IT support service offered to our visitors.
The transfers from the General fund to the Day Centre fund The Advice Centre fund and the IT fund is to cover
the deficit on these activities: which cost more to run than the restricted funding received towards each project.
Page 20

Friary Drop-in Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Balance
Other
Balance at
recognised 31 March
Transfers gains/(losses)
2023
April
2022
Incoming Resources
resourees
expended
Unrestricted funds
General
General fund
429,OJ4
410.724
(165,68J) (182,038)
(2,OJ l )
490,006
Restricted
Day Centre
Advice Centre
Allotment
(212,438)
(45.486)
(209)
171 ?75
10,763
209
Total restricted fund5
76,095
(258.13))
18?,OJ8
Total funds
429,034
486,819
{42J.816)
(2.031)
490,006
22 Analysis of net assets between funds
Unrestricted
2024
Total funds
General
Restrieled
Current assets
Current liabilities
Provisions
J99,OOJ
{11,276)
{19.?37)
410,126
(11,276)
(19,237)
Total net assets
)68,490
11,123
379,613
Unrestricted
2023
Total funds
General
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
451
51,380
46J,80)
(25,628)
451
463,80)
(25,628)
Total net assets
490,006
490,006
23 Related party transaetions
There were no related party transactions in the year.
Page21