2025-03-31-accounts - BEfriend

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06

1/30/2026

Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06

BEfriend

Independent Examiners Report

Independent Examiner's Report to the trustees of BEfriend

I report to the trustees on my examination of the financial statements of BEfriend for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of .

I have completed my examination. I can confirm that no material matters have come to my attention in

connection with the examination giving me cause to believe that in any material respect:

the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 financial statements to be reached.

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield

HD1 5JL 27 January 2026

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 BEfriend

Statement of Financial Activities

for the year ended 31 March 2025


Unrestricted funds	Restricted funds	Total funds	Total funds
2025	2025	2025	2024


66,780	416,021	482,801	389,592
2,999	-	2,999	1,183
69,779	416,021	485,800	390,775

26,118	-	26,118	48,208
16,794	-	16,794	12,572
54,536	350,679	405,215	327,084
97,448	350,679	448,127	387,864
4,162	-	4,162	11,015
(23,507)	65,342	41,835	13,926
-	-	-	-
(23,507)	65,342	41,835	13,926

(23,507)	65,342	41,835	13,926

130,608	16,625	147,233	133,307
107,101	81,967	189,068	147,233

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BEfriend

Balance Sheet

at 31 March 2025

at 31 March 2025
Charity No. 1072538		2025	2024
Fixed assets
Tangible assets	10	407	86
Investments	11	82,260	78,098
		82,667	78,184
Current assets
Debtors	12	1,500	1,500
Cash at bank and in hand		181,531	164,261
		183,031	165,761
Creditors:Amount falling due within one year	13	(76,630)	(96,712)
Net current assets		106,401	69,049
Total assets less current liabilities		189,068	147,233
Net assets excluding pension asset or liability		189,068	147,233
Total net assets		189,068	147,233
The funds of the charity
Restricted funds	14
Restricted income funds		81,967	16,625
		81,967	16,625
Unrestricted funds	14
General funds		42,939	70,608
Designated funds		60,000	60,000
		102,939	130,608
Reserves	14
Revaluation reserve		4,162	-
		4,162	-
Total funds		189,068	147,233

Approved by the trustees on 27 January 2026

And signed on their behalf by:

J. Macrae Trustee

27 January 2026

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 BEfriend

Statement of Cash flows

for the year ended 31 March 2025

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2025 41,835 282 (20,082) 22,035 (603) (603) - 21,432 164,261 185,693	2024 13,926 83 78,989
		92,998 -
		-

		-

		92,998
		71,264
		164,262

Components of cash and cash equivalents
Cash and bank balances	181,531	164,261

	181,531	164,261

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 BEfriend

Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation and note on going concern and material uncertainty

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Trustees have prepared the financial statements on a going concern basis. In reaching this conclusion, the Trustees have reviewed the forecasts and cash flow projections for a period of at least twelve months from the date of approval of these financial statements.

The Trustees note that in 2026, several significant multi-year grants are due to expire. Given the current economic climate and the competitive fundraising landscape, this creates uncertainty regarding the charity's ability to maintain existing income levels beyond the current funding cycle.

To mitigate this risk, the Trustees have implemented the following actions:

Diversification of Income: The Fundraising Lead is actively executing a strategy to identify and secure new funding streams, with a consistent pipeline of high-quality applications being submitted to Trusts and Foundations

Strategic Partnerships: The charity is in active dialogue with Local Authority partners to explore and secure ongoing commissioned funding and service-level agreements.

While the Trustees remain confident in the charity's operational model, the successful outcome of these fundraising activities is not certain. These conditions indicate that a material uncertainty exists that may cast significant doubt on the ability to continue as a going concern. Should the charity be unable to continue its operations, adjustments would be necessary to write down the value of assets and provide for further liabilities. The financial statements do not include the adjustments that would result if the charity were unable to continue as a going concern.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

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Notes to the Accounts

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

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Notes to the Accounts

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings & 33% straight line equipment

Laptops and mobile IT equipment are written off completely in the year of acquisition. Items costing less than are written off completely in the year of acquisition.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Other trading activities Total Expenditure on: Fundraising & Publicity Governance Charitable Activities Total Net gains on investments Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations and legacies 4 Income from other trading activities Other trading activities	Unrestricted 66,780 66,780	Unrestricted funds 2024 89,714 1,183 90,897 36,842 11,869 49,400 98,111 11,015 3,801 3,801 3,801 126,807 130,608 Restricted 416,021 416,021 Unrestricted 2,999 2,999	Restricted funds 2024 299,878 - 299,878 11,366 703 277,684 289,753 - 10,125 10,125 10,125 6,500 16,625 Total 2025 482,801 482,801 Total 2025 2,999 2,999	Total funds 2024 389,592 1,183
				390,775 48,208 12,572 327,084
				387,864 11,015
				13,926
				13,926
				13,926 133,307
				147,233
				Total 2024 389,592
				389,592
				Total 2024 1,183
				1,183

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BEfriend

Notes to the Accounts

5 Expenditure on fundraising and publicity

Fundraising trading costs Fundraising costs Staff recruitment Publicity/Research/Volunteer recruitment Memberships 6 Expenditure on governance Governance costs Salaries and other costs Accounting and examiner fees DBS Checks HR Support 7 Expenditure on charitable activities Employee costs Volunteer & project costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 8 Net income before transfers This is stated after charging: Depreciation of owned fixed assets	Unrestricted 8,903 2,751 23,490 282 19,110 54,536	Unrestricted 19,441 329 5,987 361 26,118 Unrestricted 5,500 6,148 2,877 2,269 16,794 Restricted 338,784 11,895 - - - 350,679 2025 282	Total 2025 19,441 329 5,987 361 26,118 Total 2025 5,500 6,148 2,877 2,269 16,794 Total 2025 347,687 14,646 23,490 282 19,110 405,215	Total 2024 30,722 2,794 14,394 298
				48,208
				Total 2024 5,287 3,463 1,553 2,269
				12,572
				Total 2024 285,708 12,226 10,560 83 18,507
				327,084
				2024 83

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Notes to the Accounts

9 Staff costs Salaries and wages No employee received emoluments in excess of 10 Tangible fixed assets Cost or revaluation At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charge for the year At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 11 Investments Cost or revaluation At 1 April 2024 Revaluation At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 12 Debtors Other debtors	2025 366,413 366,413 2025 1,500 1,500	Fixtures, fittings & equipment 1,128 603 1,731 1,042 282 1,324 407 86 Other investments - Unlisted 78,098 4,162 82,260 82,260 78,098	2024 316,700
			316,700
			Total 1,128 603
			1,731
			1,042 282
			1,324
			407
			86
			Total 78,098 4,162
			82,260
			82,260
			78,098
			2024 1,500
			1,500

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Notes to the Accounts

13 Creditors:

amounts falling due within one year

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----- Start of picture text -----
2025 2024
Other taxes and social security 8,318 8,143
Accruals 2,321 2,287
Deferred income 65,991 86,282
76,630 96,712
14 Movement in funds
Incoming
resources At 31
Resources
(including March
expended
At 1 April other 2025
2024 gains/losses)
Restricted funds:
Restricted income funds:
Ealing Befriending 16,625 106,831 (116,706) 6,750
Hounslow - 201,802 (126,585) 75,217
Linked Minds - 105,786 (105,786) -
- -
Volunteer Training 1,602 (1,602)
Total 16,625 416,021 (350,679) 81,967
Unrestricted funds:
General funds 70,608 69,779 (97,448) 42,939
Designated funds:
- -
60,000 60,000
Total 60,000 - - 60,000
Revaluation Reserves:
Revaluation fund - 4,162 4,162
Total revaluation reserves - 4,162 4,162
Total funds 147,233 489,962 (448,127) 189,068
----- End of picture text -----

Purposes and restrictions in relation to the funds:

Revaluation reserves Represent the amount by which investments exceed their historical cost.

Restricted funds: Ealing Befriending Hounslow Linked Minds Volunteer Training

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Notes to the Accounts

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Fixed assets Investments Net current assets 16 Reconciliation of net debt Cash and cash equivalents Net debt	Unrestricted funds 407	Restricted funds -	Total 407
	82,260	-	82,260
	31,184 113,851 At 1 April 2024	75,217 75,217 Cash flows	106,401
			189,068
			At 31 March 2025
	164,261	17,270	181,531
	164,261 164,261	17,270 17,270	181,531
			181,531

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Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 BEfriend

Detailed Statement of Financial Activities

for the year ended 31 March 2025

Unrestricted funds 2025 66,780	Restricted funds 2025 416,021	Total funds 2025 482,801	Total funds 2024 389,592
66,780	416,021	482,801	389,592
2,999	-	2,999	1,183
2,999	-	2,999	1,183
69,779 19,441 329 5,987 361	416,021 - - - -	485,800 19,441 329 5,987 361	390,775 30,722 2,794 14,394 298
26,118	-	26,118	48,208
26,118 5,500 6,148 2,877 2,269	- - - - -	26,118 5,500 6,148 2,877 2,269	48,208 5,287 3,463 1,553 2,269
16,794	-	16,794	12,572
16,794 4,109 2,764 2,030 -	- 337,335 - - 1,449	16,794 341,444 2,764 2,030 1,449	12,572 280,692 1,898 1,340 1,778
8,903	338,784	347,687	285,708
- 27 963 1,752 9	4,765 4,546 - - 2,584	4,765 4,573 963 1,752 2,593	2,651 2,822 820 2,435 3,498

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BEfriend

Detailed Statement of Financial Activities

2,751	11,895	14,646	12,226
23,490	-	23,490	10,560
23,490	-	23,490	10,560
282 60 2,908 8,352 3,272 181 4,337	- - - - - - -	282 60 2,908 8,352 3,272 181 4,337	83 60 2,464 10,604 1,065 455 3,859
19,392	-	19,392	18,590
54,536	350,679	405,215	327,084
97,448 4,162	350,679 -	448,127 4,162	387,864 11,015
(23,507)	65,342	41,835	13,926
(23,507) -	65,342	41,835 -	13,926 -
	-
(23,507)	65,342	41,835	13,926
		147,233	133,307
130,608	16,625
107,101	81,967	189,068	147,233

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