UNITING FRIEIYDS LllllTfED CoAnpany Limited by Guarantee No. 06495763 Registered Charity No. 1126190 ACCOUNTS FOR YEARENDED 31 MARCH 2024
INDEX TO THE F]TrIANCIAL STATEMEIYTS FOR THE YEAR EI¥DED 31 MAJiCH 2024 CONTENTS Page Legal and admioistrative inforniation Ileport of the trustee8 and directors Audit report Statement of Financial AGtiviti& io Balance Sheet li C&sh flow stateent 12 Noles forniing part of the fEllan¢ial statetneats 13-17 Page 2
UIIAI (LJMtTED BY GUARANTEE) COMPANY INFORMATION FOR TKE YEAR ENDED 31 MARCH 2024 Dlreetors and Trnstees Peter David Spill (Chair)- resigned 111112023 Allan Brett (Vice Chair) Malwm Anthony Nathan- r&8igned 3111012023 L>avid Leon Reed Peter Rains-Appointed 111 L123 Ellie Miller- Appointed Iii Ir23 Reglstered Office 92C Beehive Lanc Ilford IG4 SEG Company Reglstr&don ND. 06495763 (Fgland & Wale8) Charlty Registratlon No. 1126190 Audltors Fffdericks Limit&l Chartered Accountants & Registered Auditors 106 Charter Avenue Ilford E8sex IG2 7AD Bankers Barclays Bank PIC L£iGest¢r LE87 2BB Page 3
VLIAI LIVU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees who are also directors of the Charity for the purpoKs of the COPanIeS AGt 2006, present their report with the fn¢la1 statements of tbe charity for the year ended 31 Mah 2024. The trllste have a(lopted the provisions of Accountitig and Reporting by ChaTities.' Statement of Recon)mendedPr&ctice applicable to charitiespreparing tbeira¢¢ounts in accordance wAtb the Financial R¢portiDg Standard appli¢able in the UK and RUbLiC of Ireland (FRS 102). STRUCTLfRE, GOVERNAf4CE AND MANAGEMENT Governing document The charity LS controlled by its govemillg document, a deed of tnl and COnstit¢S a company limited by guararttee, as defined by the Companies Act 2006. The organisation was fotmed in 1996 having started as aTL uTrWc0orated entity. Organisatlonal Structure The Board of Trustees is made up of the TAt named on page 3 who neet quarterly along with the Chief Executive Officer, Russell Lerner, to decide the strategic direction and policies of the charity. The day-to-day responsibility for organising the charitable events and activitie8 are carried out by the Chief Fxe¢lltive and his team. Recruitment Appointmellt to tELe Board of Trustees is governed by the constitrJtion of the charity which authorises the Board to appoint new Tntee8 to fill va¢aocies arising througb lEllation or death of an exASting Tn(ee. Iiisk Management The Trustees bave a duty to review tbe risks to wbi¢h the cknity is exposed and to ensure appropriate controls are in place to provide reasonable SUranCe agaitist fraud and error. TILe Trustees regLdarly monitor the level of charitsble re8erv&% and fimding, along with other key area8 such as Staff and volunteas, levels to ensure they provide sufficient resources to meet the c]]arity'S current and longer terjn objectives. The TnteeS ¢on8ider that they bave adequate Byste[s ar procedures in place to continue operating in the event of adverse -w the risks to whicb the Charity is exposed and to ensure appropAate controls Conditions. The Trustees bav¢ a dtLty to revi- are in place to provide Teasollable &w[aLe agaitist fraud and error. CHARITABLE OBIECTIVES ATrID ACTIVITIFS Objectlve To provide a social iuclu8AoA service for adults with Igarning disabilities residing in the London Borough Of Redbridge alld SLurounding boroughs, With the support of staff and voluoteers, the programmes by tbe charity for adults with Le4rning disabilities offer numero% benefits. This includ&8 structured and engaging aGtivitieA that promote social interaction, skill d¢velopmenL and lead to indepelldeTrce. Participants learn practical life sknlls, enlwice Communicatioll abilitie8 and build self-confidencc. By engaging in a wide range of diverse activities. it also enGourages ¢reativity and self-¢xpressioL The activities focus on a sense of routin¢ and stNcthre, conknbuting to abett¢r qULty of life by reducing isolatioll and providing a supportiv¢ conmnunity. strategy The charity continues to be to seek additional fUnCe and support to Continue to run its services, aGtivities and events. Activities and Achievements Tbe Board of Directors consider that the perfomance of the clwity thi5 year been most satlsfactory evell though there has been fmancial challenges. Regardless, the organisatloll bas WOTked with 150 service user8 this year supported by its worktorGe of 30 staff and l3 volunteers. UtLitillg Friends operates five projects that benefit its learnillg-disabled Gliellts. These beillg: A day opportunities service (Out There Daytime (OTD) A befriending, recreation, leisure and IlIdaYS service (Out There-Evening and Weekends (OTE) An &llotmellt providing gardeniug, horticulture training (Sprout Therel) Unitillg Friends Radio (UFR) The Groovy Cat night club Uniting Friends celebrated its 28tb year of operation 15 of t1¢ an indepelldent charity. The Out Ther¢! Daytinie service (OTD) has completed its 18th year of service and has 101 service u5crs atlellding weekly. OTD is a five-day week service which provides employment trnining atLd work sknlls, health and wellbeing &nd self- development programmes and a range of Creative a¢tiviti&s. It also provid paid supported employment to four p&)ple witb learning disabilities through its Peer Mentoring Programme and flve more are in supportgd work plaments in Nando'8 and Metro Coffee, both partlle 8UPPOrted by the cl]8rity. UF also operates an employrnent training service through its in- howe café 8¢rvice. A furtlLer five on this cour8e. Page 4
UIYIJJIY(y LIMrrED REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 OTE is a 10-hour a week servtce that coyJneGts servi¢e usery en¢ourag¢, 5UPPOrts friendships, alld pmvides a wide rdnge of activitie8 for the membernhip to eDgage The service is user led and activities developed with the menthership to ensure it Lneets their wishes. The service, whiGh support CO8ts funded by the local authority, has a contract to serve 85, Uniting Friend8 Radio (UFR) create8 a monthly pthjcast that di8cusses topi issue8 relating to di8ability issues. It ran through the year and detivers to an ever-growing audience. Over 20 take part in the show's oreation. This year saw the return of the Groovy Cat Club after a four-year closure. This beloved 8ervice 18 attended by over 100 and reaches many more learning-disabled people that do not attend the general 5eryice. Some of the8e go on to jDin other services which 18 a very positive outcome. Four lean)iug disabled volunteers are involved in nmllit tbi8 facility which inche& front of house duties, DJ'ing aod promotional work. Our larger events 8u¢h Tate Modem and Festiv in the Park of wkich Uniting Friends take a leading role tllrned this year in ]1. The theme this year was"Our Locat Her0. a study of th08e that shaped ourborough. UF led thi5 project Using fijnding alloGated from Colours of Redbridge and btought on board five other orgatiisations to be included.. Tbis involved artworks whi¢h will be culminated at an ethitiOll takitig place at Tate Modern ott 23 October 2024 Sprout Therel our allotment in Wanstead had another busy year part[ler with ex-8tsJdents from Gearie8 College. The horticulture scheme has over 25 regular gardenen weekly to manage the seasonal programme. The allotrnent offers several benefits for individuals with learning disabilities and aims toprovide a sensory-rich enVironellt thatGan enballce cognitive, physical, and enotional well-being. Engaging in gardening activiti can promote relaxation, develop fme motor skills, boost self-esteem, encourage social ioterdGtioffj and improve focus and attention. Additionally. tending to plants and watching thetn grow w create a sense of acGomplisbment and re8ponsibiJity, fostering a positive sense of 8elf. The charity would not be able to provide such a wide service to our beneficiaries without the continued support of many williag people who give tELeir services voluntsriLy, to a&sist the Chief Executive and his team. The charity is fllW]cKd by way of personalised budgets and dI¢t payments for the day service and an annual grant from the London Borough of Redbridge for its Out There! Evening. and Weekend service IPeer Mentoring Prograrnme. The charity has won Gontra¢ts to deliver both of these Ulltil 2026 with Opportuniti to extend. For tbose that don't tn¢et council criteri4 places Can akn be purclused direGtly through a Iow-co8t scheme set up by the CIlty. Funds available are sufficient to p¢nDit tbe charity to continue in operation in the m¢diun] ternL given the continued support of tbe llders and the local authority spoosor. Should this support not continue in the longer term, further knial 5UPPOrt would need to be sought to replace IL Fundraising returned this year and a quiz night raiqed £lOC. The charity receiv many donations from benefactor8 over tbe year so would like to thank all who sUPPOrted our cllarity, both financially and in kind, whatever the 8ize of the oontributio Income received is first utilised against principal objectives and in the nllming costs of the ¢Ilty. Full details of the fm&ncial rt8uIts of tbe period are shown in the statement of fitw]¢ial activitie5 included within these financial statenents. Investment Powers The constittLtion authorises the Board of Directors to make and hold investments using the general fidS of the charity, but no sucb iavesttnents are piesently held. Future Developments A prograll]e of fjjture events i5 regularly reviewed in m¢¢tings attended by, the Chief ExeLutive 8nd his team, service uws and vobJLteers. Reserves Polley It is the policy of the clwity to maintain free reserves at a level which equate to appmxirnately 3 months UnACted expenditure. Thi8 provides funé8 to Cover management alld administrntion and support Costs. The TrnsÉees are delighted to have achieved this goal within this financial year aad will continue to workto ell5ure the su8taitiability of the organisation. Page 5
VLII I ALllJ flULIILIO REPORT OF THE TRUSTEES (CONTIEIUED) FOR THE YEAR EIYDED 31 MARCH 2024 Public benefit In shaping our objectives for the year and planning our activities the trustees bave ¢on8iderpJJ the Charity Commissions guidance on public benefiL Statement of Trustees? RespoDsibiJities Company law requires the TNstees to prepa financial statenlents for each finanGial year which give a true and fair view of the state of affair8 of the chitable Company and of tbe net iacoming resources of the charity foT that period. In preparing those fanCial statements, the Trust are required to:. select suitsble accounting policies and then apply them Gollsistently, make jLdgemefits and estimatss that are reasonthle and prudent. state whether appliGable accountiu£ 5talldard8 and statem¢nts of reconle0dedpraGti¢e have been followed, subject to any departures disclosed and explained in the funcIal stat¢ments: prepare the financial 8tatetuents on the going Goncernbasis and in arKordance with appli¢able aGGounting Standards Tbe trustees are responsible for keeping proper accounting reLoTil8 which disclose witb r¢asonable a¢curaoy at any time the Fjjwioial position of the ¢lLarity and to enable them to ensure that the fmancial stateents ¢OnLply with the Compames Act 2006. They are al80 responsible for safeguarding the assets of the charity and h¢uce foI tslang reasonable steps for the preventiou and detection oEfraud and other irregularities. Statemellt a5 to disclosure of information to audltor5 So far tbe tsust¢e8 are aware, there 18 no rglrv&nt audit infom]atson (as defined by Section 418 of tbe Companie8 AGt 2006) of which the compaay's auditors are unaware, and each tntee taken all tbe st¢ps that he or slle ought to have taken as a tNstee in order to Jllake himse]f or Ilerself &ware of aay relevant audit information and to establish tbat the company's auditors are awa of that inforniatio A resolution proposing the Teappointtnent of Frederick8 Limited, Charted Accountants aad Registered Auditors, as auditors will be subrnitted at tbe Attnual Gen Me6ti Small Company Rul The8¢ accounts have been prepared in accordaaGe with the wiai provisions of Part15 of the Cotnpanies Act 2006 rela¢tng to small cotnpanics, Ort behalf of tlle Tn P. RaiDS- Ttee Date: Page 6
ULNI UMI'lbJ) REPORT OF THE INDEPEf4DENT AUDITORS TO THE MEIVIBERS FOR THE YEAR ENDED 31 mRCH 2024 Opinion We have audited the financial statements of Uniting fri¢nds (the 'charitable compall for the year ended 31 Match 2024 which comprise the Statement of Financial Activiti, Èb¢ Balance SILeeL Cash Flow Statement and notes lo the fu)ancial stateentS, includi-ag a 8unllnary ofsignificaat acGounting policies. The flllancial reporting framework that bas been appIied in their preparation is applicable law and United Kingdom A¢counting Standar&8 incluthg Financial Reporting Standard 102: The Fiaancial Reporting Standard applicable io the UKalld Republic of Ireland (UnibaKingdom Gellerally AccepEd Accounting Practice). ThAS report is made solely to the clwitable cOnall8 members. as a body. in aGGordall¢e with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has beLn Ulldertaken so that we might state to the Charitable compan18 membeT8 those ntterS we are required to stste to them in an audito, report and for no other purpose. To the fiest exten¢ pern]itteAI by law, we do not accept ora8sume TesponsiBility to anyone other thall the Glwitable company and the cbaritable companys members as a body. for our audit worl for this r¢po¢ or for the opinions we have fom& In our opinion the fall¢la1 ststements: give a te and fair view of the stats of the clwitable company'8 affairs &4 at 31 MarGh 2024 and of its incomiug resources and appliGation of ttsources, in¢luding its income and expendittwe, for the year ended. have been properly prepared iti accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in Cordance with the requirements of the Companies Act 2006. Basls for opinloll We conducted our audit in accordance witb Ioternational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitie8 under those standards are hrtber descnbed in the Auditors responsibilities for the audit of the fllLallciaI statements 8ection of ourreporL We are independent of ttLC cbaritable cojnpany in accordall¢e witb tbe ethical requirements that are relevant to our audit of the financial 8tatements in the including the FRC'S Ethical standar and the provision8 available for small eotities, in the circunlstances set out in note 13 to the finallciai statements. and we have fulfilled OUT other ethical responsLTr•ilities in arcordance with the requiremeats. We believe that the audit evidence we have obtained is sufficient and appropriate tr) provide a basis for our opinion. Concluslons relatlng to going concern We have aothing to report ia re8peGt of the following matt5 in relation to which the ISA8 (tIK) require us to report to you where: the thJstee8' use of the going concem basis of aunt[llg to the preparation of the financial statements is not appropriate. or dLe tlltees have llol disclosed in the fmancial ststenents any identified material uncertaiDties that nuy cast 8ignificallt doubt about the ¢batitable compaays ability to continue to adopt the going concern basis of accouDting for a pertod of at least twelve monttLS from the date whell the fu]allcial statemettts are authorised for issue. Other inforniation The tsustees are responsible for the other itiforniatim Th¢ other inforniation comprises the ithmHtion included in the Report of the Trust, but d not iD¢lude the 5nao¢ial stat¢mellts and ourReport oFthe Independent Auditors therll, Our opinion on the financial 8tatem¢nts does not cover the other inforniation and we do not exp1¢88 any form of assurance conclusion thereon. In comiection with our audit of tbe financial Stat¢ellts, our reSpoL811lity IS to read th¢ other infOrntion anl in doing so, consider whether the other iafortnation is materially inconsistent with the finanGial Statements or our knowledg¢ obtained in the audit or othenvi5e appeaTS to be materially mi&ststed. If, on the work we have perfonne( we conclude that tbere is a material mi58tatemellt of this other InfomtiOffj we are required to report that fact. We have nothing to report in this iegard. Opinion Oll Other matters preseribed by the Companies Act 2006 In our opillion, based on the work und¢rtaken in the course of the audit: the inforniation given in tbe Report of the TrLL8tee8 for fllLincial year for which the finaa¢ial statements are prepared is conststent with the financial statements; alld the Report of the Tn]s*es has been prepared in aG¢ordance with applicabLe legal requirenrnts. Page 7
VLII A. REPORT OF THE lDEPE1yDET AUDoRs TO TllE MEMBERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Matters on which we are requtred to report by eiception In the light of the knowledge and understanding of tbe charitable company and its ellvironment obtained in tbe course of tbe audiL we have not idcntified Jllateri misstatements in the Report of the Tntee5. We hav¢ nothing to report in respect of the following matters where the Companies Act 2006 r4uires w to report to you if, ia our opiniotL'. adeqte accounting records have not been kept or rebJn]s adequate for our audit have not been received from branches not visited by us; or the fmanGial statements are not in agreetncnt with the accounting re¢oTd8 and retums; or cerÉain disclosures of trustees, Temuneration specified by law are llot made. or we have not received all the infonnation and explanations wc require for our audit. or the truste were not entitled to take advantage of the srnall cotnpani¢s exemption fro the r¢quirement to prepare StrdtegiG Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained Enore fully ill the StatenLent of Tntstee8 Ron57l)Illties set out on page six, the trustees (who are also the directors of the Charitable COTllpany for the pUoSe8 of compally law) are responsible for the preparation of tELe fjnancial statements alld for being satisfled that ttley give a true and eair view, and for such internal control as the tnlstees determine is necessary to enable the preparation of fUaGiaL statements that are free from fftaterial misststement, whether du# to fraud or error. In preparing the fin&n¢ial statements, the twstees are tespollsibl¢ for asse&8ing the chatitable company's ability to ¢ontinue as a goll]g Conce di8GlosinB• as applicable, lltte[S retsfrd to going coocern and using the going concern basis of ac¢ountmg unless the truste either intend to liquidatc the charitable compally or to cwe operations, or have no realistic alternative but to do so. ILTegU1ariti. including fraud, are i])stances of non-wmpliallce with laws and Tcgulations. We design proceAlures in line with our respollsibiiiti&s, outlined above, to detect irregulaTities, including frau& The risk of not detectitig a maErial misstatement due to fraud is higlLer tl]an the risk of not detecting one Tesulting from error. as fraud rnay involve dehl)erate conceahnent by, for example, forgery or intentional misrepresentations, or through collusioTh The extent to whiGh our procedures are capable of detecting irregulariti. including fraud is detail below. However, the primry re8POllsibility for the prevention and detection of frdud rests with both those charged with governance of the entity nwAagemenL Our approaGh was as follows: - w¢ reviewed eeting of minutes of those chargedwith govetnance. the Gngagement partner eusured that the engagement team collectively bad the appropriate competence, rApabilities and skills to identify or Tecognise non-Gompliallce with appJi¢able laws attd regulations. - we identified the laws and regulations applicable to the Company througb dIScs1OnS with nw]agement, and from our cotnmercial knowledge and experience of the sector in whicb the Cbarity operates; - we as8essed the extent of compliance widL tbe laws and regulations identified above through rnaking ellquiries of nwlagemellt and Ispectillg legal corre5ponden¢e; and - identified laws and regulations were communicatsd withitithe audit team regularly and the team remaiued alert to instance8 of non-compliauce throughout the audiL We assessed the susGeptibfility of the Charity's funcial stat¢ents to lllateriai mis8tatemenL inGluding obtainmg an understsnding of how fraud tt)ight occur, by: - making enquirie8 of £nanagement as to where they coL%idered t]e was Septibility to fraud. tbeir]mowledge oEa¢tyal, suspeGted and alleg1 fraud,. and - considering the internal controls in place to mitigate risks of fraud and non-cojrpliance with laws and regulations. To ad&ess thc risk of fraud through manag¢ellt bias and oveide of controls, we: . perfomied analytical procedures to identify any unwual orU[xpt¢d relationships. - tested joumal entries to identify unusual transactions. Page 8
REPORT OF THE JDEPT>KNT AUDITORS TO THE MEMBERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 - assessed whether JUdg¢ents and assumptions nlade in d¢terniining the a¢Gowiting eStitit¢S set out in note I were indicative of potential bias. and - investigated the rationale bebind significant or unusual transttctiOL8. In response to the risk oFiregularities and non-compliance with laws and regulations, we desi£ned procedu which included, but were not limited to: - agreeing fJnan¢ial 8tatement disclosures to underlying 8UPPOrting duelltats0 - enquiring of management as to actual aud potenti litigation and claims. and - revigwing correspondcnce with HIRc and aay other relevantregulators as required. There are inherent limitations in our audit proce(lures desM1a above. The more removed that law8 and regulations are from fmancial transactions, the less Id(ely it is that we would become aware of non-complian¢e. Auditing standards aIso limit the audit procedures required to identify non-compliance laws and regulations to ellquiry of the DirectoTh and other nknqnagernent and the inspection of regulatory and legal coryondence. if any. Our responsibllities for the audit of the financial statements Our objective8 a to obtain reasoaable assurance about whether the finaacial 8talemellts as a whole are free from material misstatement, whether due to fraud or eThor, and to issue a Report of the Independent Auditors tbat includes our opinion. Reasonable assurance is a bigh level of altance, but is not a guaraatee that ao audit colldu¢ted in accordce witb ISAS (UK) wiIl always detect a rnaterial misstAtement when it exists. Mi&statements can arise from fraud or ¢rroi and are onsidered mateiial if, individually or in the aggregatc, they could reasonably be expected to I]uence the ecouomic decisiolls of w8er8 taken on the basis of these financial statements. A fittLer description of our rdsponsibiltties for the audit of the financAal statements is located on thc Financial Reporting Council'8 website at www.frc.org.uklauditOT5responsibilities. This description forn part of our Report of the Independent Auditors. S.G. Duker (Senior Statutory Auditor) for and on b¢half of Frederickn Limited Chartered Accountants statOry Auditors 106 Charter Avenue Ilford, Essex IG2 7AD Date: Page 9
ur41'1"Lryts STATEMENT OF FIF4LNCIAL ACTIVIT8 FOR TItK YKAR ENDED 31 MARCH 2024 Total 2D24 Total 2023 Notes Unrestricted Restricted INCOME Af41) EXPENDITURE INCOMllYG RESOURCES Grants and voluntary in¢om¢ Activities for generating funds 6,121 1.140,742 42,600 48.721 1,140,742 58,706 967,591 1,026297 Total Income l.L46,863 42,61Ki 1,189,463 RESOURCES EXPENDED CILaritable expellditure Cost of activities in fvrtbetan¢e of tbe charity's objects (I,I72,708) (42,600) (1,215,308) (1,077.244) (42,600) (1215.308) (1.077.244) Total expenditure Net deficit for the year before transfers Transfer between funds (1,172,708) (25.845) (25,845) (50,947) Net deficit for the year after transfers (25,845) (25,845) (50,947) Net movement ID funds Funds brought forward 294,497 294,497 345,444 Funds carried forivard 10,11 £268,652 £268,652 £294,497 The not&s on pages 13 to 17 fomi part of these financial 8tatements. Page 10
IINrrING FRIENDS LIMrrED BALANCE SHEET AS AT 31 MARCII 2024 06495763 Note5 2024 2023 Fixed assets Tangible fixed as8ets Investrllents 6,638 Currellt assets Debtors Cash at bank alld in halld 6,638 110,857 197281 80,605 253,328 308.138 333,933 Credlltors; amounts faILing due Tvithill Olle year (39,492) (46,074) Net current assets 268,646 287,859 Net assets £268,652 £294,497 Funds: Unrestricted fullds Designated funds Restricted fllnd8 10,1 i io.ii io.ii 268,652 294,497 Totsl Funds £268.652 £294,497 These finanGial stateents have been prepared in accordance with the special provi8ion8 of Part 15 of the Companies Act 2006 relating to sn]1 conlpanies. ON BEF OF TUE BOJIRD: A. Brett f ( x P. Rallls Date. 2 r/, ./IF The not&8 on pages 13 to 17 forni part of these financial statements. Pagell
INrrt2lG FRIENDS LI CASH FLOW STATEMENT FOR YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activitie8 Cash expended from operations (56.047) (49,556) Net cash expended from operating activities (56,047) (49,556) Cash floiY8 from invesling actlvities Purchase of taugible fixed assets Sale of tan1¢ fixed assets Net expenditure from invting activiti6s Decrease ill Cash and cash equivalellts Cash and cash equivalents at beginning of year (56,047) 253,328 (49,556) 302,884 Casb and cash equivalents at end of year £197,281 £253,328 RECONCILIATION OF NET INCOMtNG RESOURCES TO CASH GENERATED FROM OPERATIOLYS 2024 2023 Net Outgoing resources DepreGiation charge5 (25,845) 6,632 (50,947) 6.631 (19,213) (44,316) Increase in trade and other debtors Decrease in trade and otIr creditots (30,252) (6,582) (4,747) (493) Cash expended from operatiotL8 £(56,0471 £(49,556) CASH AND CASH EQUIVALENTS The aoUntS dis¢losed on the C&sh Flow Statement in respect of cash and ch equivalents are ill respect of these Balance Sbeet aD]ounts: Year ended 31 March 2024 31.03.24 31.03.23 CasEL and Cash equivalents £197281 £253,328 Year ended 31 March 2023 31.03.23 31.03.22 Casb and Cash equivaiellLs £253.328 £302,884 The note8 on pages 13 to 17 fonn part of the accounts Pag¢ 12
UIYI'IILYG TrKIENDS LIMITED NOTES TO THE AccoIrr4TS FOR THK YEAR ENDED 31 MARCJK 2024 Statutory Infomatlon Uniting Friends Liraited is a private Company and charity litnited by guarantee gIStered in England and Wal¢s. The companys registered nutnber and reSter addr cao be found on the Compally iJformatioo page. The pre8entation currency is £ sterling. AccouDtillg pollcies Basls ofpreparing the fjnanrial staternts The fllwicial statements of the ¢haritable Gompany, which is a public benefLt entity under FRS 102. have been prepared in accordaoce with the ChaTiti&8 SORP (FRS 102) 'Accounting and Reporting by Clwities: Statement of Recommentsl Prdctice applicable to clwities preparing their accounts in accordance with the Finaacial Reporting Standard applicable in the UK andRepublic of Ireland (FRS 102) (efft1ve l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and the Companies Act 2006.The finaocial Statements have been prepared unts tbe Historical Cost Convention. Illcomlng re8ource5 Grant in¢o¢ne is accounted for on an accruals basi8 when the fimding is considered definite. Otherwise it is awoullted for when rec¢ived. Dollations and legacies incom¢ is accounted for on a Teceived basis. Allocation of expendllture Expendibjre is acGounted for on an aCCn basis and is aIlocated within the Statement of Fitiancial Aotivitie8 to one of the following headUs.. (i) Costs of generdting funds corllpri8e the costs associated WAth attrncting voluntary income. (li) Charrtable expdie comprises those costs incurred by the clwity in the delivery of its activities. It inche3 costs that can be allocated directly to that activity and those costs of all indirect nature n¢¢e&w to support (ixi) Governance costs include those costs associated with meetitig the constitutional and StatOry requirgtuents of the charity and inGlude the audit re and c(X8ts linked to the strategic managelllent of the charity. (iv) All costs are allocated between the expenditure categories of tbe Staten]ent of Financial Activities on the basis designed to reflect theuse of the resource. Costsrelating to staff are apportioned on a time spentbasis, pmpety costs are allocated by floor space, other costs are allocated with referetlce to an estimate of the resource usage. (v) Voh]llt¢er titne is not accounted for ID tbe fjnancial statements. Tanglble fixed assets All tangible fixed as8ets are stated at cost le&8 depreciation. Depreciation Iw been provided at the following rates in order to write off each Sets over its estimated useful lif Fixtures and fittillgs MotOT vehicles Computer equÉpmellt Leasehold Improvements - 25Yo on c08t 25D/o on cost 250/0 on cost 20% on G08t Fund accounting Funds held by tbe charity are either.- Unrestrictedfyndy- these are fLukds which can be used in accordance withthe charitabl¢ obj¢ctiv¢s at the discretion of the tntee8. Funds may be designated witbill this category for specific puryoses. Restrictedfynds- these are fimds that can only be used for particular restricted purposes within tbe objects of the cIwLty. RestrÉctions arise whfflj spe¢ified by tbe donor or whett filllds are £aised for particular restri¢tsd PULV08aS. Further explanations of the nature and pu4)os&g of each r&ri¢ted fund and its ineome and expendiljjre 18 included in llote 10 to the aKounts. Page 13
UNrrriG FlUE1s LI[TED NOTES TO THE Accouf4TS (CONTllYUED) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (contlnued) Significant judgements estlmates Estinates and judgements are continually evajuated and are based on historical eXpIence and other factors, incLuding expectations of events that believed to be reasonable under the circumstances. Critlcal judgements in applyiug the entities accounting poli¢ie5: There are llo specifiG judgemellts apart from thos¢ involviug estin]ates as detailed below that nwiagefftent has ade in the process of applying the entiti&s' awjunting poli¢ie8 that hav¢ a significant effcGt Oll the aroounts recognised ia th6 fi[ncIal statements. Critical accoulltlllg estlm8te5 and as$umptlDns: The Gharity n]akes e8tinLates and assumptions Conning tbe future. The resulting a¢countÈng estimat&s can differ from the related actual results. The estimates and assumptions tbat have & sigllifi¢ant risk of causing a atorial adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.. (i) Useful economic lives of tangible assets The at]nual depreciation CAwge for tanble assets is sensitive to cbanges in the estitllated useful lives and residual values of the &s8ets tbese are re-assessed annually. They are amended when necessary to reflect any estimated c11geS. (it) Impairment of debtors The charity makes an estinlate of the recoverable amount of trade other debtors. When a8881n8 their IpaIr[u¢ll( the llwlagemenl considers Eactors including th¢ wrrent Gredit rating of the debtor, the ageing proffle of debtor5 and historiGai cXpGriCe. Pensioll Costs The Gtwity tnakes Colltnuti0llS to a defmed benefit pension eMe. the assets of the schene being held separately from the assets of the cbarity. The pension costs Charge represents contributions paid aad payable to the 8cheme in the period to which they relate. Page 14
UNITING FRIENDS LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR E14DED 31 iWiCH 2024 Grants alld Voluntary Illeome Unrestricted Funds Re5tr1¢ted Fullds 2024 Total 2023 Grant income Voluntary donations 42.6¢XI 42,600 6,121 48,311 10,395 6,121 £6,121 £42,600 £48.721 £58,706 Activilles for Generating Funds Service user fees Activiti¢s and fundraising events Café incoThe and product sales Transport income 975,917 111,850 28,801 24.174 975.917 111.850 28,801 24,174 841.090 77,674 24,434 24,393 £1.140.742 £1.140,742 £967,591 Charltable Expenditure Wages and salaries SocÉal Sccurity Costs Pension contributions Training and volunteer training Staff agency fees Tutor costs Activity expeoses DepreciatÉon Travel Motor exp8 RerLt Rates Insurance Light and Repairs. maintenance and cleaning Telephone and internet Stationery alld printiug Sundry expenses Bank ¢harg&8 Recruittllt costs Support costs (see bclow) Bad debts 576,346 58.197 21271 3.965 134,966 33,504 101,966 6.632 15,321 10,494 49.529 2,477 5,452 7,696 65,062 8,425 5,070 9,480 833 597 55.425 42,600 618,946 58,197 21,271 3,965 134,966 33.504 101.966 6.632 15.321 10,494 49,529 2,477 5.452 7,696 65,062 8,425 5,070 9,480 833 597 55.425 582,230 54,885 7,964 2,602 93.667 35.975 59,349 6,631 13,008 16,078 49.676 1.222 5,739 6,710 64,593 7.798 5.900 6,109 805 1,534 54,222 547 £1,173.708 £42,600 £1,215,308 £1.077244 Support Costs (Governance Costs) Audit fees Professional and CODsultancy Staff costs 5,400 10.025 40.0(10 5,400 10,025 40.000 5,100 9,122 40,IJ)O £55.425 £55,425 £54,222 Page 15
NOTFS TO THE ACCOUNTS (coNfINUED) FOR TllE YEAR ENDED 31 MARCH 2024 Payroll Costs Y¢ar ended Year ended 31.03.2024 31.032023 The aggregate payroll costs were'.- wag and salari&s Social 5ewrity costs Pen5iOll Costs 657,946 58,197 21,271 622,230 54,885 7,963 £737,414 £685.078 During the year no trustees were paid or e1Ved Significant reimbursed expenses (2023.. £NIL). The total number of employees calculat&l on a full time equivalent basis during tbe year was 26 (2023.. 26). One member of staff received remuneratioll in eK¢e&g of £60,000 excluding p¢n8ioll contributiolls during the trent year only. Ths fell within the band of £70,000 to £80,000. Staff agellcy payments (not included in the above) amount to £134,966 (2023.. £93,667). Tangible FLTed Assets Cost Co]nputer Equipwent Ixtures FAtting$ Motor Vehlcles Leasehold improvements Total At l April 2023 Additions in year Disposals 9,314 58.589 50.490 95,545 213,938 At 3l March 2024 9J14 58,589 50.490 95,545 2l3,938 Depreciation At l April 2023 Charge for the year EliDinated on disposal 9.313 58,588 43.855 6.632 95,544 207,300 6,632 At 31 2024 9,313 58,588 50,487 95.544 213.932 Net Book ylle 31 March 2024 £1 £1 £1 £6 31 March 2023 £1 £1 £6,635 £1 £6,638 2024 2023 Debtors Trade debtors Prepayments OtEer debtors 72,W5 38,431 421 49,250 3l,036 3L9 £IIO.857 £80,605 CredltorJ: Ajnounts fal]Ing due Tvithin one year Trad¢ ctedito Other CTeditotS Ac¢ruals T&x and Social Sirity 11,107 2.L87 11,438 14,760 9,296 L,964 17,608 17206 £39,492 £46.074 Pa8e 16
uril'l'lNts VIiiLNJ)S LTD NOTES TO THE ACCOUNTS (CONTllYUED) FOR THE YEAR ENDED 31 MAIiCH 2024 io. Restricted Fundl Baiall¢e #t I.IM.2023 In¢oming Resource$ Re50UTces Expended Trlnrferg between Balance at Funds 31.03.2024 Revenue Full(ls Oth¢r Grants Befriending Grant 2250 40J50 (2,250) (40.350) Total Restri¢t¢d FUTMIS 42ffj00 (42.600) UDrestrleted Funds Revenue Funds Urtri¢tca funds Designated fvnds 294.497 1.146.863 (I,IT2.708) 268.652 Total Urjrestricled Funds 294,497 l.146,863 (1.172,708) 268,652 Totsl Funds £294.497 £1.189.463 (1.215308) £268.652 The designated fjJ¢MI r4)resents amounts 8¢¢ aside in order to jVer increasd numing costs due to the CovAd-l9 pandgtntc, ii. ADaiysls ofNet A44ets Between Funds Net A$s¢ts TotaI 31.03.2024 Total 31.03.2023 UDre5tr1cted Furyds £268.652 £268,652 £294,497 Restricted TO Funds £268.652 £268.652 £294.497 12. Lltulted Ijabllity UTritmg Friends Lirnit&l is a company limited by 8uarantee. Tr Metnoraodum Articl of Associatton restrict the Iiability of members on windmg up tr) £1. case of wtnding up none of the accumutated fund8 ar¢ d¢sLnbutsble to the membets. but sball be gtveffj or trdll5feJred to, some other cIlIable Trnstithtions having stujilar objectives. APB Ethleal St¥udaTd- Provtsloa$ avallable for swller eDtitie5 In Gommon withmallyotherbusiDesses ofoursize Dabjre w¢w¢ OUrlt015 to lstIll¢ preparationof the fitcial ¥tstem¢nts. Opera(Ing Lease cornntents At 31 Pknb 2024 the charity h3d the followiDg commitsnents:_ 13. 14. 2024 2023 Expiring within 5 years Explrlng wlthln S years Laud and Building5 £46,61XI £46,600 15. Related Party Disclosure$ Tttre were no relafrd Paty Tratwtions for the year elld 31 Marcb 2024 (2023 £Nil). io. UJtim8te Controlllllg Party Th¢ ultirnate wntnlling paty is th¢ l)oard of Trustees. Page 17