2025-05-31-accounts - Adopt A Grandparent Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

Registered charity Number: 1208584

ADOPT A GRANDPARENT LIMITED

FINANCIAL STATEMENTS For the Year Ended 31 May 2025

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

C O N T E N T S

	Page
LEGAL AND ADMINISTRATIVE DETAILS	1
TRUSTEES’ REPORT	2 – 3
DIRECTORS’ REPORT	4
INDEPENDENT EXAMINER’S REPORT	5
STATEMENT OF FINANCIAL ACTIVITIES	6
BALANCE SHEET	7
NOTES TO THE FINANCIAL STATEMENTS	8 - 10

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Principal address Capital House 106 Meadrow Godalming Surrey GU7 3HY Independent Examiners Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

Trustees:

The trustees who served during the period were:

Paul Birley (Chair) Paul Adams Shaleeza Hasham Sarah Skuse David Barrett

All the above are registered as Directors on 3 November 2023, with the exception of Shaleeza Hasham on 7 May 2020, and then appointed as trustees on registration of the charity.

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2025

The trustees present their report along with the financial statements of the charity for the year ended 31 May 2025. The financial statements have been prepared in accordance with the Charities Act 2011, and the reviewed Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2015).

Reference and administrative information set out on page 1 forms part of this report.

Structure, Governance and Management

The Trustees who held office throughout the period are shown on page 1.

New Trustees, when required, are selected by the serving trustees, and are appointed by a Resolution. New Trustees are informed of the history of the Charity and acquainted with the activities of the Charity. Additional training and/or information is provided to the Trustees on an on-going basis when relevant.

No trustee receives a fee for the service they provide to the charity, all time spent is donated free of charge.

Objectives and activities

We’re an independent charitable organisation that is committed to reducing feelings of loneliness and isolation on a global scale, by pairing volunteers with the elderly community. Our aim is to bring people together, enabling them to forge meaningful and lasting relationships. At Adopt a Grandparent, our mission is to abolish loneliness by creating newly found relationships around the world. What started as a local community initiative quickly became a global hit - with volunteers as far as Hawaii expressing their desire to adopt their very own grandparent. The first elderly volunteers that took part were based in Surrey, which remains the heart of the project.

Public Benefit

For the public benefit, within the United Kingdom and internationally, to relieve those in need due to being elderly and isolated or experiencing loneliness and particularly those receiving care from or within care homes, assisted and retirement living, and domiciliary care services by using innovative technological solutions that enable effective communication to foster meaningful intergenerational relationships and combat loneliness and isolation.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and Performance

The charity is in a stable financial position. During the year donations totalled £58,301 and the in year deficit was £358.

The Trustees look forward to being able to continue their charitable work in the coming years in accordance with their policies and continue to pair volunteers with the elderly community.

Reserves policy

The Trustees have adopted a policy to maintain general unrestricted reserves at a level equal to 6 months operating costs. This policy will be kept under review and the Trustees will monitor its application on an annual basis. At the year end the charity held £50,081 of reserves, all of which is unrestricted.

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2025

Principal risk and Mitigation Statement

The Trustees have identified the charity’s principal risk as its reliance on limited funding resources. The delivery of Adopt a Grandparent’s service comes with a cost that covers the connecting of volunteers with those in the Care Facility, conducting the calls whilst ensuring strong safe-guarding measures are in place.

To mitigate this risk, the charity has adopted a proactive funding strategy. This includes diversifying income streams and regularly reviewing operational risks to ensure the charity can continue to operate safely, efficiently and within its financial means.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

Statement of Trustees Responsibilities for the Financial Statements

The Trustees of the Charity are required to prepare for each financial year accounts which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 27/3/2026

Approved by the Trustees on …………..…… and signed as authorised

……………………………..

S Hasham

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED INDPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025

I report to the trustees on my examination of the accounts of the Adopt a Grandparent Limited for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under 145(5) (b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Accounting records were not kept in respect of the Charity as required by section 130 of the Act : or
the accounts do not accord with those records: or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

……………………… Martin Howard For and on behalf of Hazlewoods LLP, Independent Examiner

Windsor House Bayshill Road Cheltenham GL50 3AT

27/3/2026 Date: …………………

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

Notes Income from: Sponsorships Donations Grants Total Income Expenditure on: Charitable activities Total expenditure 2 Net movements in funds Reconciliation in funds Total funds brought forward Net movement in funds Total funds carried forward		Total funds 2025 £ 29,689 23,362 5,250 58,301 (58,659) (58,659) (358) 50,439 (358) 50,081	Total funds 2024 £ 34,795 32,750 - 67,545 (27,385) (27,385) 40,160



			10,279 40,160 50,439

All funds are unrestricted.

The charity was registered on 7 June 2024. The brought forward funds represent the accumulated reserves of the company before registering as a charity. The comparative period relates to the period before registration but have been presented as if the entity was a charity at that point.

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED BALANCE SHEET AT 31 MAY 2025

Note Current Assets Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net Current Assets Net Assets Funds: Unrestricted funds 6	2025 71,941 (21,860) 50,081 50,081 50,081 50,081	2024 50,439 - 50,439 50,439 50,439 50,439

Opening balances reflect the company’s financial position immediately prior to charity registration, reclassified as unrestricted charitable funds.

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

27/3/2026

Approved by the trustees on ………………. and signed on their behalf by:

…………………..

S Hasham

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1. Accounting Policies

Basis of Preparation

The financial statements have been prepared under the historical cost convention, adopting the following principal accounting policies all of which are in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

Adopt a Grandparent Limited meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

General information

The financial statements are presented in Pounds Sterling.

The Charity is limited by guarantee (company no. 12590698 England and Wales) without share capital, and registered with the Charity Commission (registered number 1208584 in England and Wales).The liability of each member in the event of winding up is limited to £1. The company is subject to the requirements of the Companies Act 2006 with regards to the form and content of the financial statements.

The address of its registered office is: Capital House 106 Meadrow Godalming Surrey GU7 3HY

Judgements and estimation uncertainty

The trustees consider that there are no key areas of judgement or estimation uncertainty to be disclosed in these financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Legacies, Donations and Grants Receivable

All income is recognised when receivable and when capable of financial measurement. Receipts of other gifts in kind are included at market value.

Going concern

The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Expenditure on Charitable activities

Expenditure on Charitable activities is included in the Statement of Financial Activities on an accruals basis. Where expenditure is directly attributable to more than one activity, it is apportioned across cost categories on the basis of the proportion of income receivable relating to each activity.

Funds

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

2. Other expenditure

Allocated support costs	Direct Activities £ - -	Charitable activities costs (See 4 below) £ 58,659 58,659	2025 Total £ 58,659 58,659	2024 Total £ 27,385
				27,385

Support costs are allocated on the basis of full-time equivalents.

3. Costs

Staff costs: Wages and salaries	2025 £ 2024 £ 22,514 -

No Trustees were remunerated through the charity and there were no trustee expenses.

During the period, the charity made redundancy payments of £nil.

The average number of persons employed by the company (including directors/trustees) during the year was 6 (2024 – 5).

4. Cost of charitable activities

Wages and salaries Staff NIC Staff pensions Insurance Computer software and maintenance costs Trade subscriptions Sundry expenses Advertising and marketing Consultancy fees Legal and professional fees Bank charges Accounting fees	2025 £ 18,164 3,369 981 293 1,848 1,056 9,100 7,244 8,300 6,674 130 1,500 58,659	2024 £ - - - 565 11,475 - 70 1,482 5,689 8,069 35 -
		27,385

Docusign Envelope ID: 27B379E0-2300-4116-9141-92A6B959D52C

ADOPT A GRANDPARENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

5. Taxation

The charity is a registered charity and is therefore exempt from taxation.

6. Funds

1 June 2024 £ Unrestricted funds General 50,439 . Creditors: Amounts falling due within on Accruals and deferred income Accrued expenses Deferred income	Incoming resources £ 58,301 e year	Outgoing resources £ (58,659) 2025 £ 2,882 18,978 21,860		31 May 2025 £ 50,081
				2024 £ - -
				-

7. Creditors: Amounts falling due within one year

8. Related party transactions

There were no related party transactions during the year.