Friends of ADI FRIENDS OF ADI TRUSTEES, REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2024 wwN.alzint.orglFriends Charity number: 1076992
Friends of ADI Legal and Administrative Information For the year ended 31 December 2024 Trustees Andrew Ketteringham. Chairman Sean Arnold Nori Graham David Troxel Graeme Samuel Charlty Registered Number 1076992 Principal Office 15 Blue Lion Place. London, SE14PU Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Trustees, Report For the yèar ended 31 December 2024 The Trustees submit their annual report and the financial statements of Friends of ADI (the charlty) for the year ended 31 December 2024. Method of appointment or election of Trustees The management of the charity is the responsibility of the Truslees who are elected and co-opted under the teims of the Trust deed. There must be a minimum of Ihree Trustees In office at any point in lime. New Trustees are appointed by a resolution of the Trustees passed at a special meeting. Constitution, policies and objective8 The charity is constituted under a Trust deed dated 14 May 1999 and is a registered charity number 1076992. The objeclive of the charity as defined in its Trust deed is the relief of persons suffering from Alzheimer's disease and related conditions in particular by assisting in the provlsion of support and assistance for the carers of such persons through the provlslon, at the discretlon of the Trustees, of financial and other assistance to the body 'Alzheimerfs Disease International,. There have been no changes to this objective slnce the last financial report. The Trustees confimi that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activlties and setting the grant making policy for the year. The Trust, Friends of ADI, exists to support the work of Alzheimerfs Disease International (ADI) using our status as a registered UK charity. ADI is the worldwide federatlon of Alzheimer's associations, incorporated as a not for profit organisation in Illinois, USA. Each member of ADI is the organisation in that country whiGh supports people wlth dementia and their families. The mission of ADI is to improve the quality of life of people with dementia and their familles throughout the world by building and slrengthenlng the work of Alzheimer associations and raising awareness about Alzheimer's disease and other dementias. Page 2
Frlends of ADI Organisational structure and decision maklng The Trustees of Friends of ADI are supported in thelr management of the charity by in-kind administratlon from ADI. Day to day management is delegated to the CEO (Paola Barbarino) and General Manager (Michael Lefevre) of ADI. Friends of ADI does not, itself, run any programmes or employ any staff. The part-lime services of the staff employed by ADI are provided free of charge to Friends of ADI. Review of actlvlties and future developments The financial results for the year and the financial position of the Trust are shown in the attached financial statements. In 2024. Friends of ADI received £177,764, (2023 £54,928) in donations. We were please to receive £123,000 in a legacy from Mrs Iris HaNey, and a remainder from the legacy is expected in future. The rest of the amount was unrestrlcted regular and one-off donations and the Gift Aid claimed on them, including donations from participants in the STEP Awards which were very much appreciated. The Trustees made a grant of £165,500 to ADI for World Alzheimer's Month, the Alzheimer University programmes, the 'What's Your Plan" to advocate for and raise awareness of the need for National Dementia Plans, and bursaries to brin9 people to the ADI international conference (in 2023 grants of £50,000 to ADI were made). Each September ADI leads World Alzheimer's Month, and World Alzheimer's Day on the 21st September, through the production of promotional materials to its member associations, ADI runs Alzheimer University programmes lo equip staff and volunteers of Alzheimer associalions wilh the skills they need to develop their org8nisalions through a series of workshops and training courses. ADI prodUS publications on a variety of dementia-related topics in English, and other languages. ADI maintains a website and produces the email newsletter 'Global Perspective,. Reports published during 2024 included the 'World Alzheimer Report 2024: Additional publications included 'From plan to impact Vll which reviewed the global progress made in response to the adoption of the World Health Organization's 'Global action plan on the public health response to dementia 2017-2025,. ADI also organised a number of webinars throughout the year that offered support and a means of sharing information across countries to members and the gen8r81 public, Friends of ADI would like to thank all of the individuals and organisations who conlributed or helped to raise funds in 2024. Future dlrectlons Friends of ADI will continue to support the activities of Alzheimevs Disease Intemalional. Page 3
Friends of ADI Reserves pollcy and going concern The Trustees consider that the current level of unrestricted reserves, which are the general free reserves of the charlty, is sufficient to allow the Tnjst to continue to operate at current levels of activity. The Trust has minimal administration costs and makes grant payments out of donated Income. The Trustees have considered the future income and costs of the charity and are satisfied that it Is a golng concern. Investment pollcy and performance The Trustees, policy is to maintain all monies not immediately required for charilable purposes in the form of deposits eaming a market rate of interest. In 2022. the main bank account of the charity resumed payment of interest. The interest rate on the account will be kept under review. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular Ihose related to the operalions and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks. The risk assessment is subject to regular review, Grant making policies Friends of ADI makes grants to AlzheImeS Disease International. Grants are to support the key activities of ADI namely- Building and strengthening Alzheimer associations, including through the Alzheimer Universlly programme World Alzheimevs Day and World Alzheimer's Month An annual international conference Dissemination of informalion Trustees, responslbillties Law appllcable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the Trustees have.. selected suilable accounting policies and applled them consistently; made judgements and estimates that are reasonable and prudent., stated whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements. and prepared the financial statements on a going concern basis. The Trustees have overall responsibility for ensuring that the charity has an appropriate system of conlrols, flnancial and otherwise. They are also responsible for keeping proper accounling records which disclose wllh reasonable accuracy at any time Ihe financial position of the Gharity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assels of the charity and hence for laking reasonable steps for the detection and prevention of fraud and other irregularities. This report was approved by the Trustees on 29 October 2025 and signed on their behalf by Nori Graham. Slgned: ll-q, Page 4
Friends of ADI Statement of Flnancial Activities For the year ended 31 December 2024 Note Restrieted Unrestrl¢ted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 INCOMING RESOURCES Donations, legaclos and similar incomlng resources Investment income 177,764 182 177,764 182 54,928 72 TOTAL INCOMING RESOURCES 177,946 177,946 RESOURCES EXPENDED Charitable expendlture Granls payable Resources expend6d on managing and admlnistering the charity 165,500 165,500 50,000 2.505 2,505 2,494 TOTAL RESOURCES EXPENDED 168,005 168,005 52,494 MOVEMENT IN TOTAL FUNDS FOR THE YEAR 9,941 9.941 2,506 TOTAL FUNDS AT 1 JANUARY 2024 11,734 11,734 9,228 TOTAL FUNDS AT 31 DECEMBER 2024 21,675 21,675 11,734 Page 5
Friends of ADI Statement of Financial Position As at 31 December 2024 2024 2023 Note CURRENT ASSETS Debtors Cash al bank 3,573 19,488 13,054 23,061 13,054 CREDITORS: amounts falllng due wilhin one year 1,320 NET ASSETS 21,675 FUNDS Unre51ricted funds 11,734 21.675 11,734 TOTAL FUNDS 21,675 11,734 The financlal statements on pages 5 to 10, were approved by the Trustees on 29 October 2025 and signed on their behalf by Nori Graham. Signed: Page 6
Friends of ADI Notes to the Financial Statements For the year ended 31 December 2024 I. ACCOUNTING POLICIES 1.1 Basls of preparation of fSnancial statements The financial statements have been prepared under the hlstorical cost convention, and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charilies preparing their accounts in accordanGe wilh the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS102)- Second edition October 2019, and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102}, and with the Charities Act 2011. The charity constitutes a publffic benefit entity as defined by FRS 102. 1.2 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan wilh specific restrictions imposed by donors which have been raised by Ihe charity for particular purposes. The cost of raislng and administering such funds are charged against Ihe specific fund. The aim and use of each restricted fund is set out in the notes to Ihe financial statements. 1.3 Incomlng resources These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entilled to the resources; it is more likely than not that the trustees will receive the resources,. and the monetary value can be measured with sufficient reliability. No amounts are included in the financial statements for services donated free of charge. 1.4 Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addltion to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 1.5 Resources expended All expenditure is accounted for on an accruals basls and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities. they have been allocated on a basis consistenl with the use of Ihe resources. Grants payable are charged In the year when the offer is made except in those cases where the offer is conditional, such grants belng recognised as expenditure when the conditions attached are fulfilled. 1.6 Offsetting There has been no offselting of assets and liabilitles, or Income and expenses. 1.7VAT The charity is not registered for VAT and its costs are therefore inflated by atlributable input VAT which cannot be recovered. Page 7
Friends of ADI 2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Restrlcted Funds 2024 Unrestrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Donatlons Legacies Gift Aid Tax Credit 51,899 123,000 2,865 51,899 123,000 2.865 52,889 2,039 Oonations, legacies an(i similar incomlng resources 177,764 177,764 54,928 3. INVESTMENT INCOME Total Funds 2024 Total Funds 2023 Interest recelvable 182 72 4. GRANTS PAYABLE Total Funds 2024 Total Funds 2023 Grants lo Alzheirner's Dlsease International 165,500 50,000 Tot81 165,500 50,000 Page 8
Friends of ADI 5. RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY Total Funds 2024 Total Funds 2023 Management and admlnislralion Independent examination Total 1.119 1,386 2,505 1,174 2,494 During the year, no Trustees received any remuneration (2023 - £Nil). During the year, no Trustees received any benefits in klnd {2023- £Nil). Durlng the year, no Trustees received any reimbursement of expenses (2023- £Nil). The charity does not employ any staff and is administered free of charge by Alzheimerfs Disease Intemational. 6. DEBTORS Total Funds 2024 Total Funds 2023 Due withfftn one year Gift Aid lax recoverable Accrued donallons Other debtors Total 3,573 3,573 7. CREDITORS Total Funds 2024 Total Funds 2023 Amounts falllng due wlthln one year Accruals for grants payable lo ADI Accruals Total 1,386 1,386 1,320 1,320 Page 9
Friends of ADI 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restrlcted Funds 2024 Unrestrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Current assets Current liabllities Total 23,061 1,386 21,675 23,061 1,386 21,675 13,054 1,320 11,734 9. STATEMENT OF FUNDS Brought Incomlng Resources Forward Resources Expended Carrled Forward UNRESTRICTED FUNDS General Funds 11,734 177.946 168,005 21,675 RESTRICTED FUNDS Restricled Funds Total of Funds 11,734 177,946 168.005 21,675 General funds General funds include general donations, Gift Aid tax Credits and other income Ihat has been donated. RestrScted funds No restricted funds were received or expended in 2024. (In 2023, no restricted funds were received or expended.) Page 10
Friends of ADI Independent Examlner's Report lo the Trustees of Frlends of ADI I report lo the Iruslees on my examinallon of the financial slalemenls of Frlends of ADI ('the charity,) for the year ended 31 December 2024 which comprise the Slalement of Financlal A¢livilies, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance wlth section 145 of the Charities Act 2011. My work has been undertaken $0 that I might slate to the charity's trustees those matters l am requlred to state to them in this report and for no olher purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the oplnions I have formed. Responslbilities and basls of report As the Iruslees of the charity you are responsible for the preparation of the financial statements In accordance with the requirements of the Charities Act 2011 ('the Act'l. I report in respect of my examination of the charity's financial statemenis caffied out under section 145 of the Act and in Carrying out my examination I have followed all the applicable DSreclions given by the Charily Commission under section 145(5){b) of the Act. An independent examination does r*ot involve gatherlng all the èvidence that would be required in an audit and consequently does not cover all the matters that an audilor conslders In giving their opinion on the financial stalemenls. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'Irue and fair, view and my report is limited to those specific matters set out in the independent examiner's stal8menl. Independent examlner's statement I have completed my examination. I confirm Ihal no material mallers have come lo my attantlon In connection wllh the examlnalion giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as requlred by se¢lion 130 of the Act., or the financial statements do not accord with those records., or the flnanclal slalemenls do not comply with the appllcable requirements Goncernlng the form and conlenl of accounts set out in the Chafilies {Awounts and Reports) Regulallons 2008 other than any requirement that the a¢Gounts give a 'true and fair view which is not a malter considered as part of an Independent examination. I have no concerns and have come across no olher matters In connection wllh the examination to which allenlion should be drawn in this repofl in order lo enable a proper underslandlng of the financlal statements to be reached. TIM Sullivan FCA Field Sullivan 9 Hare & Billet Road Blackheath SE3 ORB Page 11