Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 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 Page 15 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Other trading activities
4
**Total**
**Expenditure on:**
Fundraising & Publicity
5
Governance
6
Charitable Activities
7
**Total**
Net gains on investments
**Net income**
8
Transfers between funds
**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**||||| |---|---|---|---|---| ||**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| |||||| |||||| |||||| Page 16 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **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 Page 17 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| Page 18 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. Page 19 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** **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. Page 20 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** **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. Page 21 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **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| Page 22 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 ## **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| Page 23 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **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| Page 24 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **Notes to the Accounts** ## 13 **Creditors:** amounts falling due within one year **----- 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 Page 25 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **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| ||||| Page 26 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 **BEfriend** ## **Detailed Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Income and endowments from:**
Donations and legacies
Donations and legacies
Other trading activities
Other trading activities
**Total income and endowments**
**Expenditure on:**
Costs of fundraising & publicity
Fundraising costs
Staff recruitment
Publicity/Research/Volunteer
recruitment
Memberships
**Total of expenditure on**
**fundraising & publicity**
Governance costs
Salaries and other costs
Accounting and examiner fees
DBS Checks
HR Support
**Total of expenditure on**
**governance**
Employee costs
Salaries/wages
Staff training
Staff - Clinical Supervision
Staff expenses
Motor and travel costs
Volunteers - Expenses
Volunteer - Training &
Safeguarding
Volunteer - Motivation Events
Festive Hampers Project
Other Project Costs|**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| Page 27 Docusign Envelope ID: 5AF91EF6-3F9D-43F5-A9BF-0BA921DF0A06 ## **BEfriend** ## **Detailed Statement of Financial Activities** |Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures, fittings
& equipment
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|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| Page 28