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.
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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 prodU￿S 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.
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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 AlzheIme￿S 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￿,
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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
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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:
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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.
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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
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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
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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.)
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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
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