UNITING FRIENDS LILVllTED Company LAmited by Guarantee No. 06495763 Registered Charity No. 1126190 ACCOUNTS FOR YLI AR ELED 31 MARCH 2025
UNrriNC FRIENDS LIMITED INDEI X TO THE FINANCIAL STATEMENTS ri OR THE YEAR EI¥DED 31 MARCII 2025 CONTENTS Page Legal and administrative infornation Report of the trustees and directors Audit report ststement of Financial Activities io Balance Sheet Cash flow statement 12 Notes fortning part of the fllwicAal 8tateLnenl'8 13-17 Page 2
UNITll¥G fRILI INDS LIIWTED (LIMIT£D BY GUAKdNTEL) COMPANY INfiORMATION FOR TIIE YEAR ENDED 31 MARCH 2025 Directors and Trllstees Allan Brett (Vice Chair) David Leon Reed Peter Rains Ellie Miller Registered Office 92C Beehive Lane Ilford Essex IG4 5BG Company Registration No. 06495763 (England & Wale8) Charity Reglstration No. 1126190 Auditors Fredericks Lxtnited CILartered Accountants & Registered Auditors 106 Charter Avenue Ilford Essex IG2 7AD Bankers Barclays BaT& PIC Leicester LE87 2BB Page 3
UNITING FRIEI NDS LIMITLI D RLI PORT OF THE TRUSTEES FOR THE AR LI NDED 31 MARCH 2025 The Trustees who are also directors of the charity for tbe purposes of the Companies Act 2006, present their report with the fllwi¢ial statelnents of the charity for the year ended 31 March 2025. The ¢rn8tees have adopted the piYivi8iolls of Aocountillg and Reporting by Charities., Statement of Recommended PractlGe applicable to charities preparing their accoun¢8 in cordanCe with tbe Financial Reporting Standard applicable in the UK and RUbliC of Irelattd (FRS 102). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The organi8ation was fomied in 1996 and is in its 29th year having Started a8 an unincorporated entity, Organisational Structure The Board of Truste¢8 1$ made up of the Trustees named on page 3 wbo meet quarterly &long with the Chief Executive Officer, Russell Lerner, to decide the strategic direction and policies of tlLe charity, The day-to-day re8ponsibility for organising the charitable ev¢nts and activities are catTied out by the Chief Executive and his teaLll. Recruitment Appointn]ent to the Board of Trustees is governed by the constitution of the chaLity which authorise8 the Board to appoint new Tru8te¢s to fill vacall¢ie8 aTis&ng tlrough resignation OT death of an existing Trustee. Risk Management TILe Trustees have a duty to review the risks to which the charity 18 exposed and to ensure appi'opriate controls are in place to provide reagonable assurance against laud and eOr. The Trustee8 regularly monitor the level of Gbaritable reserves and fLU]ditig, along with other key areas such as 8taff and volunteers, levels to ensure they provide sutyicient resource8 to meet the clwity's cuirent and longer-tgnn objectives. The Trustees consider that they have adequate sysÉenu and procedure8 in place to continue operating in the event of adverse condition8. The Trustees have a duty to review the risks to which the clwity is exposed and to ensure appropriate controls are in place to provi(k reasonable as8uranGe agaiE)st fraud and error. CHARITABLE OBJECTIVES AND ACTIVITIES Objective To provide a social inclusion service for adults with learning disabilities residing in the London Borough of Redbridge and surrounding boroughs. With the support of staff and volunteers, the prograrnrnes run by tbe charity for adults with learnitLg disabilities offer nutlleTOiiS benefitg. Tknis includes stsucTed and engaging aGtiviti¢s that promote sooial interaction, skill development, and lead to independence. Participants learn practical life skills, enhallce ¢onllnunic&tion abilities and build self-confidence. By engaging in a wide range of divetse activities, it also encourages creativity and self- expression. The activities focus on a sense of routine and stsucture, ¢ontributing to a better quality of life by reduoing isolation and providing a supportive community. Strategy The chan'ty continues to be to see1< additional finance and support to continue to Tun its berYi¢e8, actiTrities and ¢vents. ActiiTrties and Achievements The Board of Direclors consider that the perforLnanGe of the charity this year h&8 been most satisfactory even though there have been financial challenges. The org&nisation has WOTked with 184 servi¢e u8er8 this year supported by its workforce of 30 staff and 12 volunteers. Uniting Friends operates five pmjects. These beillg: . A day opportunities service (Out Therel Daytime (OTD) . A befriending, recreation, leisure and holidays service (Out TheTel .Evening and Weekends (OTE) An allotment providing gardening, kLOrticiilture training (Sprout There!) Uniting Friends Radio (UFR) The Groovy Cal nigbt club Page 4
UNITING FRIENDS LIMrrED REPORT OF THE TRUSTEES (COTrITINUED) FOR THEI YLI AR ENDED 31 MIIRCH 2025 Uniting Friends Gelebrated its 291h yeaT ofoperation having begun in 1996. 16 of th¢se are as an independent c]wity. The Out Therel Daytime 8¢rvi¢e (OTD) has oompleted its 19th year of s¢rvice and has 119 service users attending weekly. OTD is a five-day week service whi¢lL provides employment training and worlc ski118, health and wellbeing and self- development progran]me8 and a Tange of ¢reattve activities. It also provides paid supported employment to four people with learning disabilities through ils Peer Mentoring Progratnme and five more are in supported work placements in Nando's attd Metro Coffee, both partners supported by the charity. UF also operdtes an employment training service through its itt-hou8e café service. A furtlLer five are on ttLiS course. OTE- Out There! Evenings and weekends is a 10-hour a week service that connects seLvi¢e u8er8, 8UPPOrts friendships, and provides a wide range of activitieg for the rnembersbip to participate. The service is user-led and a¢tivitL¢8 developed with the n]embership to ensure that it meets their needs and wishes. The service, which has support costs fided by the local authority, has a contract to serwe 85 within Redbridge. Uniting Friends Radio (UFR) creates a monthly podcast that dL8cusses topical i88ue8 relating to disability 188ues. It ran through the year and delivers to an ever-growing audience. Over 30 members take part in the sbow's mottthly creation. One of OTE'S highlights is Tbe Groovy Cat Club which was relaunched last year. This monthly setwice is Atfrnded by over l 00 and reaches n]any more learning-disabled people that do not attend the general service. Some of these EO on to join other services we run which is a positive outcor(Le. Six volunteers with a learning disability are involved in rnnning this facility which includes front of house duties, DJ'ing and promotional work. Over the year we engage in larger events such as Tate Modern and Festival in the PaTlc of which wg take a large or leadin£ role and returned this with "Our tA)cal Heroes" a sttjdy of those that shaped Dur borough. UF led this project Using grant funding and worked with otber organisations in the process. These involved artworks displayed at valentin.es Mausion arAd at on outdoor display in llford Town Centre. Over 3000 people saw the Liispl&ys over Éhe summer. Sprout Therel our allotment in Wanstead had another busy year. The horticulture Soheme l]as over 25 regular gardeners weekly to manage the seasonal programme. The allotment otyers several benefit8 for individuals wittL learning. disabilities and aims lo provide a sensory-rich envirOnent that can enhance Cognitive, plLy8ical, emotional well-being. Engaging in gardening activities can promote relallon, develop fine motor 8ki118, boost self-estec ellcourage social interaction, and improve focu8 and attention. Additionally, tending to plants and watching them grow can create a sense of accomplishment and responsibility, thus f08tering a positive sense of self, The ¢haTity would not be able to provide such a wide 8ervice to our ben¢f1¢iari without the continued 8UPPOrt of thany willing p¢ople who give their 8ervices voluntarily? to as8lSt the Chief Executive and his tsam. FINANCIAL REVIEW The charity 18 financed by way of personalised budgets and direct payment8 for ttle day service and an annual grant fron] tbe London Borough of Redbridge for its Out There! Evening and Weekend service /Peer Mentoring Programme. The charity has won contracts to deliver tbese until 2027 with opportunities to extelld. For those that don't meet council criteria, places can also be purchased directly throu£h a low-cost 8cherne set up by the charity. Fiu]ds available are sufficient to pern]iL the charity to continue in operation in the mediurn tenn) giv¢n the continu¢d support of the nderS and the local authority sponsor. Should thi8 SUPPOrt not continue in the longer t¢rni, furtber financial support would need to be sought to replace it. Fundraising toolc place this year which included a quiz night, a serviGe user bQe ride, The London Marathon and sales of our hand-made goods made for Easter and Christmas. The charity also received donations from benefactors over the year 80 would lilie ¢0 thanlc all who supported OUT Charity, both fman¢ially and in kind, wbatever the size of the contributio. Income reGeived is first utili8ed against the principal objectlV¢8 and in the running costs of the charity. Fiill details of the finartcial results of the period are shown in the statetllent of financial activities included within these financial statements. Page 5
UNITING FRtENDS LIMITED REPORT OF TIIEI TRUSTEES (CONTINUED) FOR THE YEAR II NDED 31 MARCH 2025 Investment Powers The constitstion autborises tbe Board of Director8 to make and hold ittvesttnents Using the Beneral fld8 of the charity, but no such investments are presetttly held. Future Developments A prograrnme of future events 18 regularly reviewed in meetings attended by, the Chief Bxecutive and his team, service users and volunteers. Reserves Policy It 18 the policy of the charity to naintain free reserves at a level which equate to approximately 3 mollths iinrestricted expenditsre. TIL18 provides fimds to cover managernent and administration and SLJPPOrt C08ts. The Trustees are delighted to have achieved this goal wittLin this fanCi year and will continue to worlcto ensure the sustainability of the organisation. Publlc benefit In shaping our objective8 for the year and planning our activitie8 the tTUStee8 have considered the Charity Comtnissions guidance on public benefit. Statement of Trustees, Responsibilitles Con]pany law requires the Trustees to prepare fmanoial statements for each fncIal year which give a trne and fair view of the state of affairs of the charitable company and of the net incoming resources of the clwity for tbat period. In preparing those financial stater(Lenls, the Trnstees are required to:_ select Suitable accountillg policies and then apply thern conslstently, ke judgemeThts attd estimates that are reasonable and prndent. state whether applicable accounting standards and statements of recommended practice have been follow¢1 subject to any departures disclosed and explained in the Financial statetngnts" prepare the fmaucial statements on the going concern basis and in dccordan¢e with applicable accounting. standards The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any titne the financial position of the charity and to enable thetn to ensure that the financial statements comply with the Companies Acl. 2006. They are also responsible for gafeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. statement a8 to disclogllre of informatlon to audltors So far the trustees are aware, there is no relevant audit infomiation (as defjrted by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and ea¢h trLiStee has taken all the steps that he or she ought to have talcen as a trustee ill order to rnal<e himself or herself aware of any relevant audit inforniation and to establisb that the company's auditors are aware of that inforn]ation, A resolution proposing tbe reappointment of Fredericks Litnited, Chartered Accountallts alld RegisteTed Auditors, as auditors will be submitted at the Attnual General Meetittg. Small Company Rules These accounts have been prepared in accordmce with the special provisions of Part 15 of the Comp&nies Act 2006 relating to small cornpanies. On behalf of A. Brett- Tr ee P. Ralns- Trustee Date: 171 Page 6
UNITINC FRIELYDS LIMITED REPORT OF THEI INDEPENDENT AUDrfoRS TO TIIE IIIKMBERS FOR THE YLI AR ENDEI D 31 MARCH 2025 Opinion We have audited the fmancial statements of Uniting friends (the 'charitable company,) for the year ended 31 March 2025 which comprise the Slatement of Finat]C1 Activities, the Balance Sheet, Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdor(L Accounting Standards includillg Financial Reporting Standard L02.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is ade solely to the charitable company's eMbers, as a body, in accordance with Chapter 3 of Part 16 of the Compani¢s Act 2006. Our audit work has been undertaken 80 that we might state to the charitable con]pany's members those mtstt¢rs we are required to state to them in auditors, report and for no other purp08e. To the fullest extent pern]itted by law, we do not acGept or assume responsibility to myone other than the charitsble Company and the charitable company's members as a body, for our audit worl{ for thi8 report, or for the opinions we have fornied. In our opinton the financial stafrments.. £ive a trne and fair view of the state of the charitsble COMpY'S affairs as at 31 March 2025 and of its incoming resources and application of resources, including its incoffte and expendimre, for the year ended. have been properly prepared in accordance with United Kittgdom Generally Accepted A¢¢ounting Practice, and have been prepared in accordance with the requirements of the Companies Act 2006. Basi5 for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are furthgr de8oribed in the Auditors responsibilities for tbo audit of the fll]anGial Statements se¢tion of our report. We are independent of the Gharitable company in accordance WAth the ethical requirements tbat are relevant to our audit of the financial statements in the UK, incluthng the FRC'S Ethi¢al Standard, al the provisions available for small entities, in the circumstances set out in note 13 to the financial Statements, and we have fulfilled our other ethical responstbilities in accordance with the8e requirements. We believe that the audit evidence we have obtained is sufficietlt and appropriate to Provide a basis for our opiniott. Conclusions relating to going concern We havg nothing to report in respect of the followillg matters in relation to which the ISAS (UK) requlle us to report to you where.. the trn8t¢e8' use of the going concern basis of accounting in the preparation of the fttLan¢Aal statements 18 not appropriate. or the trustees have not disclosed in t.he fall¢la1 statements any identified material ullcertainties that may Gast significant doubt about the charitable company's ability to continue to adopt the going Gonc¢rn basis of accounting for a period of at least twelve tnonths from the date when the fmaocial staterngnts are authoiised for igsue. Other information The trustees are responsible for the other infonnation. The other infonnatioii comprises the inForn]ation included in the Report of the Trustees, but does not include the financial Statements and our Report of the Independ¢nt Authtors ther¢on. Our opinion on the fanCIaL staternents does not cover the other infornation and we do not express any fonn ofassurance conclusion thereon. In connection with our audit of the fmancial statejnenls, ourresponsibility is to read the other information and. in doing so, consider whether th¢ other inForniation is materially inconsistent with tbe fmancial statements or our knowledge obtained ift tbe audit or otherwi8e app$ to be materially misstated, If, based on the worlc we have performed, we Conclude that there is a material nusstaiement of tbis other inforniatio we ar¢ required to report that fact. We have llotkLg to report in this regard. Opinlon on other matters preserlbed by the Companies Aet 2006 In our opinion, b&sed on the worlc undertalcen in the course of tbe audit". the information given in tbe Report of the Trnstees for th¢ fncIal year for which the fmancial statements are prepared is consistetLt witlL the financial statements. and the Report of the Trustees has been prepared ill accordance with applicable legal requirements. Page 7
ULYITING FRI.ELYDS LIMITLI D REPORT OF THE INDEPENDENT AUDITORS TO T.HE LIIELILBERS (CONTINUEI D) FOR THE YEAR ENDED 31 MARCH 2025 Matters on Ivhich we are requlred to report by exception In the light of the knowledge and understsnding of the ¢haritable company and its environtnent obtained in the course of the aiidit, we have not identified material mi8Statements in the Report of the TN8tee8. We have nothing to report in respect of tbe following matter8 where the Cotnpanies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been Icept or returns adequate for our audit have not been re¢¢ived fro branches tt visited by us. or the financial Statetnenls are not in agreejnent wittL the a¢coulltillg records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all th¢ infomiation and explanations we require for our audit; or the twstees were llot entitled to take adv&lltage of the small Companies exemption fro the requirement to prepare a StrategÉc Report OT in preparing the Report of the Trustees. Responslbllltles of trustees As explained more llY in the Statement of Trnstees Responsibilities set out on page six, th¢ ttee8 (who are also the directors of &e ¢haritable company for the purposes of company law) are re8ponsible for the prepatztion of the fllwlcial statements and for being satisfied that they give a true and fair view, and for such internal control as the tsustees determine is necessary to enable the preparation of financial staterrtents that are free from tnaterial misstatement, whether due to fraud OT error. In pryaring the fmancial statements, the trnstees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern ba8is of accounting unless the trustees either intelld to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, olltlined above, tn detect irregularities, including fraud. The risk of not deteeting a material missiatement due to fraud is higher tlwi the risk of not detecting one resulting from etTor. as fraud may involve deliberate concealtnent by, for example, forgery or intentional tnisryre8enlations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity rnanagement. Our LPPToacb was as follows.. - we r¢viewed meeting of n]inutes of thos¢ charged with governance. the engagetnenl partner ensured that the engagllent team collectively had Ihe appropriate competence, capabilities and skills to identify or recognise non-¢on]pliance with applicable laws and regulations. - we identified the laws and regulations applicable to the Company through discussions with managetnellL and from our commercial l<nowledge and experience of the sector in which the ChaLlty operates. - we assessed the extent of compliance with the laws and regulations identified above throu makin£ enquiries of n]anagemen¢ and inspecting legal correspondence. and - identified laws and regulations were conununicated within the audit team regularly and the kam remained alert to instances of non-compliance tl]roughout the audit. We assessed the susceptibility of the Charity's financial statemellts to material misstatement, including obtaining an underslanding of how fraud might occur, by: - akIng enquiries of nlageellt a& to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address tbe risk of fraud through tnanagement bias and override of controls, we: perfornled analytical procedures to identify any iinii8ual or unexpected relationships. tested journal entries to identify unusual transactions. Page 8
UNITING FRIENDS LIMITED REPORT OF TTrIE.INDEPENDENT AUDflORS TO TIIK MEMBII RS (CONTINUEI D) [4 OR THE YEAR ENDED 31 MARCE[ 2025 assessed whether judgements and assutnptions made in determining the accounting estimates set out in note I were indicative of potential bias. and investigated tbe rationale behi1 Significant or unusual trallsa¢¢ions, ltt response to the risk of irregularities and non-compliall¢e with laws and regulations, we de8igned prooedures which included, but were not limited to.. agteeing fmancial statement disclosures to underlying supporting documentation. - enquiring of manageent as lo actual and potential litigation and claims. and - r¢vi¢wing correspondence witb HMRC and any other relevant regulators as require There are inherent limitations in oiir audit procedures descriTred above. The more rernoved that law8 and regulations are from f]¢11 transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also ]itnit the audit procedures requir¢d to identify non-complianGe Witb laws and regul&lions to enquiry of the DireGtors and other management and the inspection of regulatory and legal correspondence, if any. Our responslbilitie5 for the audlt of the finaneial statementy Our objectives are to obtaiu reasonable a88urance about whether the financial stateentS a8 a whole are free from nmterial nii88tatetnent, whether due to fraud or error, and to issue a Report of the tnd¢pendent Auditors that includes our opinion, Reasonable assurance is a high level of assurance, but 18 not a guarantee that an audit conducted in acGordanc¢ with ISA8 (UIC) will always detect a material misstatement when it exists. Misstatemellts can arise from fraud or error and are onsidered LuateriaL if, illdividually or in the aggregate, they ¢ould r¢a80nably b¢ expected to intluence the e¢onomic decisions of users taken on the basis of these fman¢ial statements. A further description of our responsibilities for the audit of the financial 8tat¢rnents is located on the Financial Reporting Council's website at wKw.fr¢.org.Lildauditorsresponsibilities. This de8¢riPtion fornis part of our Report of the Independent Auditors. S.G. Duker (Senior Statutory Auditor) for and on behalf of Fredericks Litnited Chartered Accountants, Statutory Auditor8 106 Charter Avenue Ilford, Es8ex IG2 7AD Date: 2 &/pol£f - Page 9
UNITING FRIENDS LIMITED STATELIILI NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Total 2025 Total 2024 Notes Unrestrlcted Restrlcted INCOME AND EXPENDITURE INCOMING RESOURCES Grants and voluntary incotne A¢tivities for generating ftinds 2,74 I 1,172,533 46,466 49,207 1,172,533 48,721 1,140,742 Total Income 1,175,274 46,466 1,221,740 1,189,463 RESOURCEI S EXPEPIDED Charltable expenditure Cost of activities in rtherallce of the charity'8 objec18 (1,208,788) (46,466) {1,255,254) (1,215,308) Total expendlture (1,208,788) (46,466) {1,255,254) (1,215,308) Net deflclt for the year before transfers Transfer between funds (33,514) (33,514) (25,845) Net deflclt for the year after transfers (33,514) (33,514) (25,845) Net movement in funds Funds brought forward 268,652 268,652 294,497 Funds carried forward 10,11 £235,138 £235,138 £268,652 The notes on pages 13 to 17 fom part of these fmancial Statements. Page 10
UNITING FRIE, IYDS LIMITED BALANCL SHEEI T AS AT 31 MARCH 2025 06495763 Note5 2025 2024 Fixed assets Tangible fixed assets Investments Current assets Debtors Cash at bank and iti hand 109,595 180,532 I l 0,857 197,28 L 290,127 308,138 Creditors: OUntS falling due Ivithin one year (54,995) (39,492) Iyet current assets 235,132 268,646 Net assets £235,138 £268,652 Funds: Unrestricted funds Designated funds Restricted funds io,ii io,ii io,ii 235,138 268,652 Total Funds £235,138 £268,652 These Fu1cLaI statements have been pr¢pared in cOrdanCe with the special provisions of Part 15 of l&e Companies Act 2006 relating to small companies. ON BEHALII OF THE BOARD: A. Brett P. Rains Date.. The llotes oll pages 13 to 17 forni part of these financial 8ta¢¢ment8. Page 11
UNITING fiRINDs LIMITED CASH FLOW STATEMEIYT FOR THE YEAR ENDED 31 IVLIRCH 2025 2025 2024 Cash flows from operatlng activities Cash expended from operations {16,749) (56,047) Net cash expended from operating activities (16,749) (56,047) C&sh tlows from investlng activities PUhase of ttingible fixed assets Sale of tangible fLxed assets Net expendiNre from investing activities Decrease in cash and cash equivalents Cash and cash equivalents at beginning of year (16,749) 197,281 (56,047) 253,328 Cash and cpsh equivalents at end of year £180,532 £197,281 RECONCILIATION OF NET ITrICOMING RESOURCES TO CASU GEIYEIL4TED FROM OPEIi4TIONS 202S 2024 Net Outgoing resources Depreciation charges (33,514) (25,845) 6,632 (33,514} (19,213) De¢rease/(Increase) in trade and other debtors In¢r¢asel(De¢rease) in trade and other creditors I,262 15,503 (30,252) (6,582) Cash expended from operations £(16,749) £(56,047) CASH AND CASH EQUIVALKNTS The &mount8 di8¢1osed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of tknese Bal&n¢e Sheet amounts: Year ended 31 March 2025 31.03.25 31.03.24 CaslL and CasEL equivalents £I80,532 £197,281 Year ellded 31 March 2024 31.03.24 31.03.23 Cash and C&8h equivalents £197,281 £253,328 The notes on pages 13 to 17 forni part of the accounts Page 12
UNITING FRIELNDS LIMITED NOTLI S TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Statutory informatioll Uniting friends Limited is a private company and charity limited by gUalltee registered in England aiid Wales. The Companys rggistered number and registe address can be found on Éhe cornpany itiforniation page. The presentation currency is £ sterling. Accounting policies Basis of preparing the fmancial 5tatsments The fmancial staten)ents of the charitable Gompany? which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOF (FRS 102) 'AcGoiinling and Reporting by Charitie8: Statement of Re¢ornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (¢ffective l January 2019),, Financial Reporting Standard IL12 'The Financial Reporting Standard applicable in th¢ UIC and Republic of Ireland. and the Companie8 Act 2006.The financial Statements have been prepared under the Historical Cost Convention. Incoming resources Grant income is accounted for on an accrnals basis when the funding is considered definite. Othenvi8e it 18 acGounted for when received. Donations and legacies income is accoullted for on a received basis. Allocation of expenditure Expenditure is accounted for on an accruals basis and is allocated within the Statement of Financial Activities to one of following headings:_ (i) C08ts of generating funds comprise the costs associated with attracting voluntary income. (li) Charitable expenditure comprises those costs incurred by the cbarity in the delivery of its activities. It includes costs that can be allocated directly to that activity aELd those c08ts of an indirect nature necessary to support them. {iii) Governance costs include those costs associated with rneetitig the constithtional and statutory requirements o the charity and include the audit fees and costs linked to tILe strategic management of the charity. (iv) All Gosts are allocated between the expelldire categories of the Statemettt of Financial Activities on the basis designed to reflect theuse of the resource. Costs relating to staff are apportioned on a titne spent basis, propety costs are allocated by floor space, other costs are allocated with reference to an estitnate of the re8oiirc¢ usage. (v) Volunteer time is not accounted for in the fmallcial slaletnents. TallgibIe fixed assets All tangible fixed assets are slated at cost less depreciation. Depreciation has been provided at the followillg rates in order to WTite off each assets over its estimated useful life. Fixtyres and fittings Motor vehicles Computer equipmellt Leasehold ImprovenLents 250/0 on oost 25074 On Cost 25 % on cost 20tr/0 on cost FuDd accounting Funds held by the charity are either'.- Unrestrictedfynds- these are funds which can be used in ac¢ordanGe with the charitable objeGtives at th¢ di8¢retion of the trustees. Funds may be designated within this category for specific purposes. ReslricÈedfiind3 - the8e are funds that can only be used for particular restricted purpo,8es within the objeG18 of the charity. Restrictions ari,8e whell specified by the donor or when fund8 are raised for particular restricted purposes. Further explanations of the nature alld purposes of each restri¢t¢d fund and it8 incorlle and expenditsre is included in note 10 to the accountg. Page 13
UIYITING FRtELNDS LIMITED NOTEI S TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 3 1 MARCF12025 ACCOUNIL¥G POLICIES (continued) SlgllifLcant judgements and estimates Estimates and judgements are continually evaluated and based ott htstorical experi¢n¢e and other f&ctors, including expectations of tUre events ¢hat are believed to be reasonable under the ciroumstances. Crldcal judgemellts In Applying the entities accounting policie8: There are no speciflc judgements apart from those involving estimates as detailed below that management. has ttde tn the process of applying the entities, a¢¢ounting policies that have a significant effect on the amounts reeognised in the fillancial staterllent8. Critical accounting estlmates and assumptions.. The charity thakes estimates and a8SLunptions concerning the ture, The resulting accounting e8timat¢8 can differ from the related actual re8uIt8. The estillt£s and a68uinptions that have a SIlfIGant risk of Causing a material adjustmellt to the ¢arrytllg amounts of the assets and liabilities within the next fmancial year are addressed below., (A) Useful economic llves of tangible assets The annual depreciation charge for tangible assets is sensitive lo changes in the estimated useful lives and residual values of the assets these are re4a8sessed annually. They are amended when necessary to reflect any estimated Changes. (li) lffipairment of debtors The clAty tnake8 an estitnate of the recoverable amount of trade and other debtors, When assessillg their impainnent, the nlallagement Considers faceor8 including the current credit rating of the debtor, the agging profile of debtors and bistorical experience, Pension costs The charity makes contributions to a defined benefit pension scheme, the assets of the scherne being held separately from the assets of the charity. The pension costs charge represents contributions paid and payable to the scheme in the period to which they relate. Page 14
UNITING FIUEI NDS LIMrrED NOTES TO THE ACCOUNTS (CONTINUED) FOR TIIE YEAR ENDED 31 MARCH 2025 Grant8 and Voluntary Income Uurestricted Funds Restricted Funds 2025 Total 2024 Grant income Voluntary donations 46,466 46,466 2,741 42,600 6,121 2,741 £2,741 £46,466 £49,207 £48,721 Activities for Gener&tillg Funds Service u8er fees Activili¢s and fundraising gvellts Café income aiid product sales Transport income 987,171 136,038 30,101 19,223 987,171 136,038 30,101 19,223 975,917 111,850 28,801 24,174 £1,172,533 £1,172,533 £1,140,742 Charitable Expenditure Wage8 and salaries Sooial Security costs Pension contributions Training and volLtnteer Irailling Staff agency fees Tutor wsls Activity expenses & st of sales Depreciation Travel Motor expenges Rent Rates Insurance Light and heat Repairs, maiiitenance and cleaning T¢lepholle and internet Stationery and printing Sundry expenses Bank charges Recrnittnenl costs Support costs (see below) 617,902 55,141 21,624 1,260 129,215 30,388 105,845 46,466 664,368 55,141 21,624 1,260 129,215 30,388 105,845 618,946 58,197 21,271 3,965 134,966 33,504 101,966 6,632 L5,321 10,494 49,529 2,477 5.452 7,696 65,062 8,425 5,070 9,480 833 597 55.425 17,319 11,576 49,727 3,382 5292 11,434 72,757 7.980 1,635 8,312 1,325 87 56,587 17,319 11.576 49,727 3.382 5,292 11,434 72,757 7,980 1,635 8,312 1,325 87 56,587 £1,208,788 £46,466 £1,255,254 £1,215.308 Support Cost5 (Governallce Costs) Aiidil fees Professional and consultancy Staff Gosls 5,640 10,947 40,000 5,640 10,947 40,000 5,400 10,025 40,000 £56,587 £56,587 £55,425 Page 15
UNrfiNG FRIENDS LIMITEI D NOTES TO THE ACCOUNTS (COTrITINUED) FOR THEI YEAR ENDED 31 IVL4RCH 2025 Payroll Co$ts Year ended Year ended 31.03.2025 31.03.2024 The aggregate payroll ¢osts were:. Wages and salaries Social security costs Pension Costs 704,368 55,141 21,624 657,946 58,197 21,271 £781,133 £737,414 During the year no trustees were paid or received significant reimbursed expenses (2024: £ML), The total number of etnployees caloulated on a time equivalent basis during the year w&8 26 (2024: 26). One member of staff receÉved retnuneration in excess oe £60,000 excluding pension contributions during the ¢urrent year only. This fell within the band of £80,000 to £90,000. Staff agency payments (not included in the above) amounted to £129,215 (2024.. £93,667). Tanglble Flxed Assets Cost Computer Equipment FIKtures and Fittillgs Lvlotor V¢hicles Le#sehold in]provement$ Total At l April 2024 AdditlDns in year Disposals 9,3 14 58,589 50,490 95,545 213,938 At 31 March 2025 9,314 58.589 50,490 95,545 213,938 Depreciation At l April 2024 Charge for the year Elimin&leci on disposal 9,313 58,588 50,487 95,544 213,932 At 31 Marcli 2025 9,313 58,588 50,487 95,544 213,932 Net Book Value 31 March 2025 31 March 2024 2025 2024 Debtors Ttzde debtors Prep&ynLents Other debtors 75,408 33,963 224 72,005 38,431 421 £109,595 £IIO,857 Credltors: Amounts falling due wlthln one year Trad¢ Gr¢ditors Otlier creditors Accntals Tax and Social Secltrily 7,121 4,455 29.906 13,513 11,107 2,187 11,438 14,760 £54,995 £39,492 Page 16
UNITING FRIENDS LTD NOTES TO TIIE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 io. Re8trleted fi unds Balance &t 01.04.2014 Incomlllg Resources Regources Expellded TrAnsfers behveen Fullds Bal4nce At 31,03.2025 Revellue Funds Gt•nt Income 46,466 146,466) Total Restricted Funds 46,466 (46,466) Unrestrleted Fulld8 Revenue Fulldy Unrestrictcd funds 268,652 1,175,274 (I,208.788) 235,138 Tol.al Unrestricted Fund5 268,652 1,175.274 (1208.788) 235,138 TDtsI Funds £268,652 £1,221,740 {I,255,254) £235,138 Analysis of Net A55ets Between Fund8 Net Asget8 Total 31.03.2025 To141 31.03,2024 Unreltrieted Funds £235.138 £235,138 £268,652 Restricted Fulld5 TTrthl Fllllds £235,138 £235,138 £268,652 L2. Limited Liability Uniting Friends LImitj is a company lirnil¢d by guarultee. The MeorandU and Articles of Association restrict the liability of membcrs on 1ndIng up to £1. Tn case of wtndillg up none of the awuniulated fiLnds are dislribulable io the members, but shall be giv or transf¢tted to, some other charttable institutions having sirnilar objectives. 13. APB Ethical Sthlldurd- Provlslolly 8vallgble for smaller elltilles En common with many otherbusin¢sses of our size and llatUTe we us¢ ourauditors to assist in theDr¢paration of the financial statements. 14. Operating Lease Cornmltments At 31 March 2025 the charity had the following ¢ommitm¢nts'.- 2025 2024 Explrlng within 5 year5 ExplTlng thln 5 yeurs Land and Buildings £46.600 £46,6(X) 15. Relllted Party Dlsclosures Th¢re were no related Party Trdnsa¢tions for thc ycar cnded 31 March ?025 (2024 £Nil). 16. Ultimllte Controlling P8rty Th¢ ultimat¢ controlling party is the board of Trusl¢es. Page 17