Reglstered Company Number- 01345530 Register Charity Number- 299307 FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) CONTENTS PAGE Truslees, report 2-10 Independent Examinerfs report 11 Statement of financial activities 12 Balance sheet 13 Notes to the financial statements 14-22
FRIEND COUNSELLING ILONDONI LTD IKNOWN AS LONDON FRIENDI Board of Trustses Report For the year ended 31 March 2024 The trustees present their annual report and the financial statements for the year ended 31 March 2024. The accounts have been prepared in accordan the accounting policies set out in note 1 to the accounts and comply with the Memorandum and Articles of Association, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Siatement of Recommended Practice applicable to charities preparing their accounts in accordan wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021' (as amended for accounting periods commencing frorn 1 January 2019). Charitable objectives and activities London Friend has been at the forefront of lesbian, gay, bisexual and transgender {LGBTa+l activism and seNice provision Sin the eady 1970's we celebrated our 50° birthday in 2022. London Friend is a vibrant LGBTQ+ health and well-being charily with a wide portfolio of well- established services and a range of newer initiatives aimed at meeting the needs of the LGBT community. London Friend exists to improve the heaRh and well-being of people who are lesbian, gay, bisexual, or transgender. or in doubl about their sexual orientation or gender identity. Vvhere neSsary, support is also provided to families and friends of LGBTQ+ people. London Friend works to provide services lo LGBTQ+ people where those provided by mainstream services do not appropriately meet the needs of LGBTQ+ people, for whatever reason. The charity cUentlY provides one-tOThone and group counselling, peer support groups, social groups and activities, drug and alcohol support and advice, training and consultancy, referral to other services and a range of other ad hoc support services. Our Values Empowemenl, Equalty, Competence and Care Stsff and volunteers During the year London Friend had the following core memters of staff. Chief Executive, Volunteer Manager, Antidote Drug & Alcohol Services Manager, Antidote Drug & Alcohol Services Assistant Manager Health and Wellbeing Administrator, Counselling Services Manager Senior Counsellor and specialist Domestic Abuse Counsellor {1 staff member. 2 x part-time roles) Antidote Drug and Alcohol recovery worker Ix 3) SASH Health and Wellbeing Coach x 2
FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2024 Staff and volunteers - continued SASH Gounsellor (part-time) Comms OffIr (part-time) Cleaner Ipart-time) London Friend also contracted the services of a finance officer. London Friend has a policy of engaging LGBTQ+ volunteers in the delivery of its services to clients, and it is dependent on the support of these volunteers for the running of the organisation. During the course of the year 157 people volunteered time with the organisation in structured volunteering roles, including counsellors, Antidote key workers, group facilitators, clinical supetvisors, trustees, and adminislrative support. 48 of these volunteers were newly re¢ruited during the year. All the volunteers received a full induction, together with speafi¢ training relating to their aa of work. The counsellors received fortnightly clinical supervision. Public benefit The charitable objectives and activrties, and achievement sections of this report cleady set out the activities which London Friend undertakes for the public benefit. Signlficant achlevements within tho year 2023124 was a stable yeaf for London Fnend. Our main focus for continued to be on the delivery of health and wellbeing support services to LGBTQ+ people and we continued to engage LGBTQ+ people through structured volunteering to help deliver these. We continue our work delivering Antidote, our service supporting LGBTQ+ people around alcohol and drugs. This makes us the UK'S leading charrty responding lo chemsex support needs and a large focus of our work during the year has been strategic work with local authorities, commissioners and service providers who are developing local healthcare and whole systems approaches lo this growing public health issue. To mark Wodd Mental Health Day, we continued a publicty campaign jointly wth LGBTQ+ charity partners, elop and LGBT HERO. Can we HELP? places advertisements and publicity malenals in venues around London, with a webstte directing io a hub of mental heah resources and referral infomiation for the three chanties, setvices. vMw.I bt hel -or We had a prominent presence at key LG8TQ+ events such as Pride in London and UK Black Pride.
FRIEND COUNSELLING ILONDONI LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2024 Signlficant achievements within the year- continued 1. Income for the year was £708,705. This included funding from the Lloyds Bank Foundation., the National Lottery Community Fund., the National Lottery Herilage Fund,. The National LGBT Partnership, SASH Partnership.. DAWS Partnership,. London LGBT Domestic Abuse Partnership, the London Boroughs of Lambeth and Southwark., the City and Hackney Recovery Partnership.. the Henry Smith Charity., and corporate partner Peloton. 2. We continued to deliver alcohol and drug support fof LGBTQ+ people via our Antidote service. This SeiCe remains the main drug and alcohol Servi in the UK specifically run by and for LGBTQ+ people. Our expertise is this area has been shared through training and capacity building work. 3. We continued to provide s8rwices as a member of ihe LGBT Domestic Abuse Partnership as a counselling provider. This Partnership. led by Galop and with Stonewall Housing, was refunded from April 2022 for 4 years. 4. We continued a wntract with the London Boroughs of Lambeth and Soulhwark to provide specialist chemsex services and support in the Boroughs. This includes capacity building with local services to improve their ability to support chemsex clients and strategic work with th8 local aulhorities. 5. 2023124 was thé sevenlh year in the SASH Partnership, to deliver sexual health support in the three central London Boroughs of Westminsler, Kensington & Chelsea, and Hammersmith & Fulham. Led by Tuming Point with Metro, and Naz, the setvice works as a multi-agency, multi-disciplinary team. London Fnend provides leadership on LGBT work through full-time and one part-time rOs. SASH was recommissioned by Westminsler and Kensington & Chelsea from April 2022 and by Hammersmith & Fulham from April 2024. 6. London Friend continued as a member of the National LGBT Partnership. a group of England-wide LGBT organisalions working collectively as a member of the Department of Health and Social Care's Voluntary Sector Health and Wellbeing Alliance. This is a mechanism via whith the Department {DHSC) engages with the voluntary sector. 7. We continued a three-year partnership vh elop and LGBT HERO delivering mental health support. This is funded by the National Lottery Community Fund for three years from January 2022. We are the lead partner. This builds on previously funded partnerships with these charities.
FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report- Continued For the year ended 31 March 2024 Significant achievements within the year- conlinued 8. We continued to work on a coordinated response to chemsex and crime with partners including the Metropolitan poli and Probation who have developed Project Sagamore as a multi-agency approach. Building on this we began a pilot funded by the Ministry of Justice through the HMPPS Innovation Grants programme providing a specialist LGBTQ+ and chemsex rehabilitation offer to men convicted of offending in the chemsex Gontext. We have also worked strategically with local authorities, commissioners, and servi providers developing multi-agency approaches across 12 London Boroughs. We also helped deliver a Maslerclass for English Drug and Alcohol, and Sexual Health and HIV Commissions organised with the Association of Directors of Public Health. 9. We continued our partnership wtth Tuming Point and Mind in the City, Hackney and Waltham Forest (Mind CHWFI to deliver a Substan misuse Servi in the City of London and Hackney. We are a subcontracted provider. with the contract funding one full time LGBTQ+ recovery worker. This work also indudes outreach in the Homerton Sexual Health Se1 in Hackney. 10. We continued to engage dosely with our LGBTQ+ and related sector colleagues, including via the LGBT Consortium and the National LGBT Partnership. This provides important networking opportunities and mutual support between LGBTQ+ charities and organisations. Charitable activities within thè year London Friend's core dient services within the year induded.. Counselling and mental health support 270 clients received contracted counselling (induding speaalist LGBTa+ domestic abuse counselling) and mental health support. We have invested in the counselling service, further expanding the Counselling Manager role to full time. This has helped us to further grow the servi. A total of 39 volunteer counsellors and 7 clinical supervisors provided the counselling service throughout the year. Frequent issues address through counselling included common mental heaMh iSSLJes such as anxiety., depression., and stress,. plus, relationships., se-esteem,. loneliness,. and isolation. 41% of dients discussed coming OLrt. Half of dients discussed their sexual orientation and ne in three discussed their gender identity. One in five indicated their gender identity was different to that typically associated wrth their sex recorded at birth.
FRIEND COUNSELLING (LONOONI LTD (KNOWN AS LONDON FRIENDI Board of Trustees Report - Continued For the year ended 31 March 2024 Charitable activities within the year- continued Antidote- Drug and Alcohol Services Our drug and alcohol servi, Antidote, continued lo deliver support during the year. 372 people receiving support. Antidote was supported by 26 volunteers. The predominant issue supported by Antidote remains chemsex, the use of drugs lo enhance and prolong sex between men. One third of clients report alcohol as an issue, wrth 1 in 5 reporting this as their pnmary concem. Antidote provided one to one and group interventions plus outreach into sexual health clinics. In addition to Antidote Management the service employed three drug and alcohol recovery workers co-located in drug and alcohol treatment services serving five London Boroughs {cty of London,. Hackney., Westminster", Kensington & Chelsea. and Hammersmilh & Fulham). The work done through these partnerships is separately reported by the lead agencies. Social and Support Gmups We run a range of social and support groups each month. These indude coming out groups., trans and non-binary group, social activities. older LGBT group,. a weekly dropin for LGBTQ+ people- a group for neurodiverse LGBTQ+ people,. and activity groups such as creative writing and crafting. These groups provide a safe space for LGBTQ+ people to meet others and improve wellbeing through social contact. 559 people received support through groups in 2022123 and we ran 227 groups. 83 volLtnteers supported delivery of groups online during the year. Our most well attended group continues to be T on Tuesday, a group for trans and non-binary people, attended by 146 people during the year, 260A of all group clients. This reflects the increasing number of trans and non-binary people the chanty supports. SASH London Friend continued with the SASH Sexual Health partnership which is commissioned to deliver services in the three London Boroughs of Westminster, Kensington & Chelsea, and Hammersmith & Fulham. SASH is led by Tuming Point wilh London Friend, Metro Charity, and Naz Project. Two Health and Wellbeing Coaches and one part time counsellor provide LGBTQ+ specific support. Clients seen as part of this serViS are reported via SASH'S KPIS to commissioners. City and Hackney Recovery Partnership London Friend continued as a partner in the commissioned substance misuse seNice in the City of London and Hackney. This partnership is led by Tuming Point with Mind in the City, Hackney and Waltham Forest. One recovery worker provided specialisl support to LGBTQ+ clienls.
FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2024 Charitsble activities within the year- Continued Clients seen as part of this services are reported via the Recovery Se1,$ KPIS to local commissioners and the National Drug Treatment Monitoring System (NDTMSI. DA WS Partnership (Tuming Point Central London) Landon Friend continued a partnership in the commissioned substance misuse service in Westminster, Kensington & Chelsea, and Hammersmith & Fulham. This partnership is led by Turning Point. Two recovery workers provided specialist support lo LGBTQ+ clients. Clients seen as part of this service are reported via the DAWS Service's KPIS to local commissioners and the National Drug Treatment Monitoring System INDTMS). Admlnistrative Support The organisation was supported by 3 administration volunteers throughout the year. Community Centre and Meeting Space The organisation provides free and subsidised meeting and social space for external groups and organisations within the LGBT community lo use. During this year we have hosted Stonewall Housing., Opening Doors,. Beaumonl Society., SM Dykes,. and the Queer Book Club. Training 118 volunteers attended in-house training during the year,. 24 volunteer training courses were provided during the year wilh topics including trans awareness,. neurodiversity,. managing psychosis,. chemsex,. digital safety., working with trauma,. and suicide prevention. 29 training sessions were provided to external agencies, with 486 attendees, including representatives from sexual health and drug and alcohol treatment agencies. We also spoke at 4 conferences lo combined audiences of over 440 people. Financial review The Trustees are pleased that the organisation has maintained a strong financial position and has continued to attract support of funders, including a number of new funders during this financial year. The CEO has maintained a level of income and represented the interests of our servi users at a national strategic level. The Finance Officer has contributed significantly to the improvement of financial record-keeping and lo the charity's financial govemance. Reserves Policy The Trustees review its policy and reseNes position on a regular basis. They believe a minimum of 3 months resources expended will enable the charity to Continue to meet its objectives if it faces loss of income, increases in costs or delays in receipts. At present the unrestricted income funds stand al £523,652 of which £40,QOO has been designated as the salary cost commitment on Ihe charity's behalf.
FRIEND COUNSELLING {LONDONI LTD {KNOWN AS LONDON FRIEND) Board of Trustees Report- Continued For the year ended 31 March 2024 Looking foThvard to 2024125 We are continuing to deliver our services, with several grants and conlracts/sucOntraCts being mid-term. These make 2024125 a stable year for the charity. Our trustees are developing a new strategic plan to steer the charity in the coming years, ulilising some of the charity's unrestricted reserves to support organisational development. In addition to our usual services, we are pleased to be continuing our criminal justice chemsex pilot, an innovative piece of work and the first pilot providing rehabilitative support with this cohort of offenders. We are also delighted to have been funded by the City Bridge Foundation to develop programme of counselling groups which will begin to be delivered in the summer of 2024. Reference and administration detsils Company number Company name Charity number Registered Office 1345530 Friend Counselling (London) Limited 299307 86 Caledonian Road, Kings Cross, London, N1 9DN Our advisers Bankers CAF Bank Ltd 25 Kings Hill, West Malling, Kent ME19 4JQ Independent Examiner Brown Wamer LLP 38 Northgale, Newark-on-Trent, Nottinghamshire, NG24 1 EZ Directors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows.. Trustees Mubeen Ahmed (Appointed 17 July 2023, Chairfrom 8th February 20241 Matthew Horwood (Chair to 8 February 2024, resigned 19th March 2024) Joshua De Luna Maria Munir (resigned 13, September 20231 Olivia Andrews Vivienne Smith Jonas Thompson-mccormick (Appointed 17 July 20231 Chief Executive Monty Moncrieff MBE
FRIEND COUNSELLING {LONDONI LTD {KNOWN AS LONDON FRIENDI Board of Trustees Report- Continued For the year ended 31 March 2024 Structure, governance and management London Friend is a charitable company limited by guarantee, incorporated on 22 December 1977 and registered as a Gharity on 18, December 1989. London Friend is governed by a Board of Trustees who are recruited openly and who meet al least four limes a year together with the Chief Executive. Trustees receive a full induction, are briefed on their roles and responsibilities within the organisation and subsequently have access lo a range of governance and financial management courses. The trustees develop and oversee the strategic planning, and all new developments are approved by the Board before work progresses. The trustees delegate day-to-day management of the charity lo the Chief Executive who regularly reports on all areas of organisalional performance lo the board. There is also regular strategic review and planning sessions. Governing docurnent The company was established under a Memorandum of Association which established Ihe obie¢ts and powers of the charitable company and is governed under its Articles of Association. Rlsk slatement The Trustees review risk management periodically. This involves identifying the types of risks the charity faces (financial, operational, governance elc.), priorilising them in terms of potential impact and likelihood of occurrence and identifying means of mitigating the risk. As part of this process the Trustees keep the adequacy of the charity's internal controls under review. The Trustees confirni that they have complied with the duty in section 4 of the Charities Act 2006 lo have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the chaflty.
FRIEND COUNSELLING ILONDONI LTD {KNOWN AS LONDON FRIENDI Board of Trustees Report - Continued For the year ended 31 March 2024 Statement of trustees, responsibilities The Trustees {who are also directors of Friend Counselling (London) Limited for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Uniled Kingdom AGGounting Standards {United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP., Make judgements and accounting estimates that are reasonable and prudent., State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and Prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping 8dequate accounting records thal disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ef the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the chantable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. By order of the Trustees: Signed. Mubeen Ahmed, Chair oflhe Board of Trustees Date.. 16111 Izi 10
FRIEND COUNSELLING {LONDON) LTD (KNOWN AS LONDON FRIEND) INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF FRIEND COUNSELLING {LONDONI LIMITED (KNOWN AS LONDON FRIENDI ('THE COMPANY) For the year ended 31 March 2024 I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 March 2024. Respective responsibilities of trustees and examiner As the trustees of the charty (and also rts directors for the purposes of lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the financial stalements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's finanual statements as carried OLrt under section 145 of the Charities Act 2011 {'the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145{5) {b) of the 2011 Art. Independent examinerfs statement sin the company's gross income exceeded £250,000. your examiner must be a member of a body listed in section 145 of the 2011 Act. l Confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the lisled bodies. I have completed my examination. onfimi that no matters have come to my attention in ¢onnection with the examination giving me cause to believe- accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or 2. the financial statements do not accord vrith those records.. or 3. the financial statements do not comply vnth the accounting requirements of section 396 of the 2006 Act other than any requiremenl Ihat the financial statements give a 'true and fair view which is not a matter considered as part of an independent examination", or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in the UK and Republic IFRS102). I have no concems 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 financial statements to be reached. David Brown FCA Brown Warner LLP 38 Northgate, Newarkwon-TrenL England NG24 1EZ Date: 11
Friend Counselling (London) Limited (Known as London Friend) ststement of Financial Activities lincluding Income and Expenditure Account) for the year ended 31 March 2024 Unrestricted funds General Designated fund funds Restricted nds 2024 total 2023 Note Income Donations & Legacies Grants 152,6( 2,750 187.979 155,356 187,979 107,027 274,386 Income from charitable activities Service funding Training & talks Rentsl income 40,739 10.112 555 304,371 345.110 10,112 555 332,708 4,175 640 Investment incon7e 9,593 9.593 1,901 Total Incomlng resources 213,605 495,100 708.705 720,837 Expenditure Costs ofraising funds 399 Expendrfure on chant8ble activities 63,709 551,253 614,962 624,915 Total resources expended 63.709 551,253 614,962 625,314 Net loutgoingylncomlng resources before transfers, being net lexpenditurellincorng for the year 149,896 156.1531 93,743 95,523 Gross transfers btheen funds 14 14. 1221 4,122 Net movement In funds 145.774 152.0311 93,743 95,523 Total funds brought forward at 1 April 2023 337,878 40.000 91.919 469.797 374,274 Total funds carrled for•vard at 31 March 2024 483,652 40.000 39.888 563.540 469,797 The stslement of financial activibes includes all gains and losses reeognised in the year. All income and expenditure derive from conts'nuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account 12
Friend Counselling (London) Limited (Known as London Friend) Balance sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 144.947 154,883 Current assets Debtors Cash al bank and in hand 10 162,680 407.864 218,938 226.033 570,544 444.971 Creditors.. amounts falling due within one year 11 174,6801 {48,4021 Net current assets 495,864 396,569 Creditors: amounts falling due aftgr more than one year 12 (77,2711 181,6551 563 540 469,797 The funds ofthe charity Unrestncted Income funds General Designated 483.652 40.000 337.878 40,000 13 523.652 39.888 377,878 91,919 Restricted income fvnds 14 Total charity funds 563.540 469.797 For the financial year ended 31 March 2024 the cnmpany was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The directors acknedge their responsibilibes for comptying the requirements of the Companies Act 2006 with respect to accounting records and the preparab.on of financial stalemenls. The members have not required the company to obtain an audit of rts financial statements for the year in question in accordance with section 476. The financial Statements have been prepared in ]rdan with the provisions applicable to companies subject lo thè small companiès, regime. The accounts were approved by the Board on 2024 Mubeen Ahmed, Chair of the Board of Trustees Company re8iStration number: 01345530 13
Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 1. Accounting Policies Charty infom)ation Friend Counselling (London) Ltd (know as London Friendl is a charitable company limited by guarantee, incorporated on 22nd December 1977 and registered as a charity on 18th December 1989. The company is govemed by ils Memorandum and Articles of Asscciation whh established the objectives and powers of the charitable company. The charity is registered wlh the Charity CommissK)n of England and Wales with the charity number 299307. The prin¢ipal address is 86 Caledonian Road. Kings Cross, London N19DN. The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the finanaal statement are as follows. a) Basl ol aratlon The financial slalemenls have en prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounting in accordance with the Financial Reporting Standard applicable In the UK and Republi¢ of Iland IFRS 1021 las amenc for accounting period5 commencing 1 January 20191. The charity is a Public Benefit Entity as defin8d by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not lo prepare a Statement of Cash flowts. The a¢Unts have departed from the Charibe$ {A¢counl$ and Reports} Regulabons 2CN)8 onty to the extent requiTed lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for ¢harities applying FRS 102 rather than the ver5n of the Statement of Recommended PractKe which is referred lo in the Regulatsons bul which has since been withdrawn. The financial statements are prepared in slerfing which is the fursctional currency for the ¢harity The accounts have been prepared under the historal cost ¢onvenbon. The prtn¢ipal policies adopted are sel out below. oin At the lime of approving the accounts. the trustees have a reasonable expectatr'on that the charity has adequate resource5 to continue in operational existence for the foreseeable future Thus the trustees continue lo adopt the going Concern basis for aceounling in preparing the accounts. Concern c} Charitable Funds Unreslricled general funds comprises those monies that may be used towards meeting the charitable objectives al the discfelion of the trustees. Designated funds are unrestricted funds eam)arked by the trustees for particular purposes. Reslricled fund5 are monies raised for, and their use restricted lo, a specific purpose, or donation subject lo donor imposed conditions. 14
Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 1. Accounting Policies- continued All Incoming resources are included in the Slalemenl of Financial Activrties when the charrty is legally entitled lo the income and the amount can be quantifRd wrth reasonable Certainty. The follwing specrfic policies apply to categories of intome". Any income from fundraising is sh(y•m gross. Donations are included in the financial ststements when recaved, with any associated lax reclaim being included in the financial statements at the same tsme. Grant InMe is fecognised wh6n rthvabie except vthen it is for a sled pefK¥J, in which case the income is spread ovef that period. Gifts in kind are included in the financial statements when they invofve an expense by the donor and that expensé tan be quantified. Legacies are inelLbded in incoming resources when the charTtable company is legally entitled lo the income and Ihfr amount Con be qUantffj wrth reas0nats accuracy. Entitlement is the earlier of the chaiilable company being nOtifd of an imponding distribution or the acy being received. Investment incom¢ is included when receivable and includes interest from deposits. e80 Resources expended are included in the Statement of Finanehgl Activities on an accnjal basis as a liabilty is incurred. They ar¢ reported as part of the expendrture lo wttieh they relate". Costs of fundraising ccnprise the costs associated wlh attracting Irome and the costs of generating anlIary incomo. Expenditure on charitable activil eomprises those costs incurred by the charty In thé delNery of ils activrties and services for rts benefieiaries. It includes both wsts that Can bg all¢xal8d directly to such activities and those costs of an indirect nature necessary lo support them. All costs are allocated btheen expendrture categories of the SOFA on a ba$1$ designed lo reflect the use of the resource. Costs relating to particular activrties are allocated directly, others are apportiongd an appropriat8 basis e.g. staff lime and estimated usage. In Rentals applicable lo operating leases Whe substantllY all the beneffts and risks of thvner5hip remain with the lessor are charged against incL as incurr&J. Ible fixed asse D8pr8ci3110n is provided lo write off the cost or valuation. less estimated residual valLbe$. of all fixed assets eventy over their expected useful lives. It is calculated * the following rates. Land and Buildings 2°h Strah1 line on buildings Refurbishments 20% slraighl line Equipment 20% straight line or 33 113% straight line Furniture and fittings 20% slraight line No depreciation is char9ed on laThJ The ¢haritable ccxmpany has a policy of capitalising assets which cost mre than £100. 15
Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 1. Accounting Policies - continued aimient of Fixod Assets At each reporting end date, the charity review5 the carrying amounts of its tangible assets lo detemine whether there is any lndicab.on that those assets have suffered an impairment loss. If any such Indicabon exists, the recoverable amount of the asset is esb"mated in order to delemine the extent of the impairment loss. 11 Cash and bank Cash al bank and in hand includes Cash or the opening of the deposit or Similar account. Jl Credltors and rovlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a pa51 event that will probably result in the transfer of funds lo a third paty and the amount due lo setue the obligation can be rneasured or esbmated reliably. Credrtors and provisions are normally recognised al their settlement amount after allowng for any discounts due. kl Financlal instruments The charity only has finanoal assets and financial liabilitses of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at Iransaclion value and subsequ8nlly measured al their settlement value. 11 Pen81on The company operates defined conlributson, externally funded pension schemes. The pensK*n cost charge represents contributions payable by the mPafiy to the fund. ml Taxatlon The charity is exempt from tsx on rts charitable acbvilies. an ststus The company is a company limited by guarantee. The members of the company are the trustees named in the Trustee$ report. In the event of the company being wound up, the lbIlIty in leSt of the guarantee is limited lo £1 per membef of the Company. Donatlons and legaeios Unrestricted funds Goneral Dfr8ignated Restricted fund funds funds 2024 total 2023 total Individuavorganisalions donations Gift Aid reelaimed Legacies and bequests 130,950 14,734 6,922 152,606 2.750 133,700 14,734 6.922 155.356 104.524 2.503 2,750 107,027 16
Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 3 Grants Unr•strlct•d funds General Designated lund nds Restrfictsd fund5 2024 total 2023 total Antidote Service The Henry Smith Charity The Leathersellers Charitable Fund Lloyds Bank Foundation 50th Annivèrsary The National Lottery Heritage Fund Mental Health & Well 8eing 81ooming with Pride-The National Lottery Community Ftjnd 59,000 59,000 58.200 7.500 30.655 13,995 13,995 12.3021 {2,3021 21.650 117,288 117,288 156,381 187,979 187,979 274,386 4 Service Funding Unrestricted funds G•narnl Designated fvnd funds Restricted funds 2024 total 2023 total Antidote Service Tuming Point-city & Hackney Tuming Point- Hammersmith & Fulham Turning Point- Bi Borough Weslminsler. Kensington & Chelsea Lambeth & Southwark Chemsex12023 & Lewsham) HMPPS Chemsex Pilot Tuming Point-Adder Accelerator Project S•xual Health Tuming Point-SASH Domestic Abuse GALOP-Domesb'c Abuse Pathership Coun$¥lling in¢om• 42.500 45.000 42,500 45.000 85,000 39.9 30.000 19.939 39.9 30.000 19,939 39,998 40,000 28,687 93.917 93,917 91.733 33,019 33,019 33,987 40.739 40.739 13.323 40.739 304,371 345.110 332.708 5 Investment Income 2024 total 2023 total Bank interest receivable 9,593 1,901 17
Frlend Counselllng (London) Limited (Known as London Friendl Notes to the financial statements for the year ended 31 March 2024 Costs of Direct generats.ng charitable ¥olunlary expendittjre income 2024 totsi 2023 iotsi Alloeatoon of support eo#ts The charity has allocated rts support costs.. IT costs Stationèry, Postage and Couner PhotoCoer Affiliation and membership fees Finanual rnanagernent Govemance 15,759 764 15,759 764 580 573 12.117 29.793 14,216 618 1,488 573 12,117 29,793 6.546 23,276 Staff Dit Support 2024 2023 7 Resources expended costs osts costs total total Costs of generating funds Fundraising and marketng 399 Charitable expendttu Antidote Service Lloyds Bank Foundatson The Henry Smth Charity Individuals Tuming Point-city & Hackney Recovery Tuming Point- Harnersmith & Fulham Lambeth.& Southwark Chemsex HMPPS Chern5ex Pilot Tuming PoinUAddér A*Tator Proj Mental Health & Well Belng Blooming wth Pnde- The Nat'onal Lottery Community Fund Sexual HeaSth Turning Point-SASH Domestfic Abusè 12.685 51,3CX) 3.502 2S) 1,854 530 16.437 59.(X)O 2.750 42,500 45.000 30.000 19.78e 30,655 58,2 5,OCM) 2,220 42.5rKJ 33,055 26.029 15.6e6 7,132 3,471 2.637 4,8t3 29.538 39.998 39,996 83.709 6.633 3.575 93,917 91.733 GALOP - Dorne5tic Ase Partnership Covld- London Community Responst Fund City Bndge Trust- Wave 3 Mental Health & Well 8elng Blooming with Pride-The National Lottery 501h Anniversa The National Lottery Hertsge Fund Other charitae exFenditure Govemance 28.363 3.703 953 33.019 34,637 1.(3 l.l3 2.112 104,734 2.031 162.071 37,380 1,273 1.273 145,189 11,193 6.780 16.700 7,180 13.822 7,180 420.348 164,821 29,793 614.962 625.314 Induded in resources expended a." A charge for depreuab.on amounting to £14.37012023". £15.1761 18
Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 Ro$ourcgs oxp&nd8d - Continuad Govèrnanc• 2024 2023 Independonl review and statutory accounts 8oard expenses 6,000 1,180 6.000 780 7,180 6,780 8 Staff costs Staff ¢osl$ amounted lo.. 2024 2023 Wages and salaries So¢ial security co$ls Pension 377,179 30,780 12,389 420,348 396,171 34,374 13.181 443.726 Recruitment and payroll costs 1,591 299 421,939 444.025 No employee's emoluments exceeded £60,000 for the year. The average monthly number of employees during the year was 1412023'.131. No remuneration was paid to Trustees dudng eilhef year. Expen¥eJ lolalling £380 were reimbursed lo Trustees durlng 202412023.. £Nill. Trustees insurance of £800 was paid during 202412023.. £7801 Tanglbl• flxod a88frt¥ Furnltur• and Fltting* Froohold Proporty Equlpmont Total Cost Al 1 April 2023 Additions Disposals Al 31 March 2024 218,257 3,593 5.666 21,626 841 245,549 4.434 221,850 5,666 22,467 249,983 D•pr•clatlon At 1 April 2023 Charge for the year Disposals At 31 March 2024 65,472 12,021 5,666 19,528 2.349 90,666 14.370 77,493 5,666 21,877 105.036 Net book value At 31 March 2024 144,357 590 144.947 At 1 April 2023 152,785 2,098 154.883
Friend Counselling (Londonl Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 10 Dgbtors 2024 2023 Trade Debtors Other Debtors Prepayments and accrued income 126,555 14,641 21.484 162,680 73,357 2,822 142,759 218,938 11 Cr6ditors- amounts falling due within one year 2024 2023 Mortgage Trade creditors Other Taxes and Social Security Other creditors Deferred Income Accruals 4,384 5,530 9,065 3,894 39,095 12.712 4,109 5,565 9,118 1,937 17,995 9,678 74,680 48,402 12 Creditors: amounts falling due after more than one year 2024 2023 Securecs Mortgage (falling due in less than 5 years) Secured Mortgage (falling due after 5 years) 20,675 56,596 19,378 62,277 77,271 81,655 Al 31 March 2024 a mortgage lolalling £81,655 was secured by fixed and floating charges over the freehold propety at 86 Caledonian Road. Interest on the mortgage will be charged at 6.SVo per annum after drawdown. 13 Designated funds Balance at 1 April 2023 Balance at 31 March 2024 Incoming Resources resourcgs gxpgnded Transfers Staff costs fund 40,000 40,000 40.000 40,000 The above designated funds comprise unrestricted funds designated by the trustees for specific purposes. Staff costs fund The trustees designated a sum lo cover the staff commitment on the charity's part. 20
Friend Counselling ILondonl Limited {Known as London Friendl Notes to the financial statements for the year ended 31 March 2024 Balance at 1 Aprll Incoming Resource8 2023 wourcès xp•nd•d Transfers Balance at 31 March 2024 14 R•8trlctod fund8 Ca Capital Expendlturè - Propèrty App•al AntSdote Lloyds Bank Foundation Henry Smrth Foundation Individuals Turning Point- City & Hackney Turning Point- Hammersmilh & Fulham Turning Point- Bi Borough Weslrninster. Kensington & Chelsea Lambelh & Southwark Chemsex HMPPS Chernsex Pilot 44,115 14.4391 39.678 13,995 59,000 2,750 42,500 45,000 116,4371 159.0001 12,7501 142.5001 145.0001 2,442 39,996 30,000 19,939 139,9981 130,0001 119,7881 151 Sexual Health Turning Point - SASH m•8tlc Abuse GALOP 93,917 193.9171 33,019 133.0191 mm nl City Bridgè Trust- Wave 3 M ntslH W•ll Bèln 81ooming with Pride- The National Lottery Comrnunity Fund th Annlver8a The National Lottery Hedta98 Fund Re8 1,063 11.C631 44.846 117.286 1162,0711 61 1,895 91,919 12.3021 495,100 11,2731 551,253 1.fj80 4.122 39.888 The abovè restn'ded luna$ can only be used for the purpos9$ SP8afied by the donors or grant making body. This represents funds raised Irom an appeal lor the purchase ol Calèdonlan Road property. During 202112022 funding was received from the National Lottery Cornmunity Fund and The Clothworkers Foundation lo purchase venilllation equipment. Id Lloyd$ B8nk Foundatlon, The Henry Smlth Found•tlon •nd Indfvldual dono This iepiesenls funding for the Antidote- LGB T Drug and Alcohol 6ervice Polnt.Cl &Hac ov Servicè This represents funding for the Antidtste Servi to providing LGBT re¢¢very workers to the City and Hackriey Recovery Service Turnln Polnt- Hammersmlth Ih This represents funding for the Antidote seNice to pyovide aDlidote workers for the OAWS $8rvice for Hammersmith and Fulham. rnin Poln -81 Borou h W••tmlnstsr Kènsln ton and Chel This represents funding Iof the Antidote service to provide antidot6 workers lor the DAWS Service for Wetiminsler. Kensington & Ch&ls•a. Point-SASH This repw$ent$ fundin9 frorn the SASH Partnership for $oxual health promotlon on Westmlnster, Kensington & Chelsea. and Hammersmith & Fulham. thw rkch This rèpfèsents funding for the provision ol capacity building support to help10¢81 services better Support clients involved in chernsex, plus direct service provision lo diellts resident In these Boroughs. HMPPS Chemsex Pilot This represents a grant for 8 pilot Pmj8Ct supporting rahabililative work wlth gay and bisèxu81 mèn in tha criminal justice systern. 21
Friend Counselling ILondon) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2024 14 Restricted funds (continued) Domestic Abuse This represents funding towards the domests"c abuse Project for wort¢shops and counselling. Covid - London Communi Res onse Fund This represents funding In Waves 3. and 5 to cover costs and adaptations to service provision and to increase mental health support as a response lo Covid 19. Bloomln wlth Prlde This represents funding for improving LGB T mental health in ndon. administered by The National Lottery Fund. The project is delivered in partnership wrth ELOP and LGBT HERO. 50th Annivgrsa This represents funding from The National Lottery Heritsge Fund for Ihe charity's 50th Anniversary projects and events. 15 Anoly818 of net a88ets between funds Unrestrlcted fund8 General Designated fund funds Restricted fund8 Totsl Tangible fixed assets Current asels Current liaibililies 105,271 530.332 1151,9511 39,676 212 144,947 570.544 1151,9511 40,000 483,652 40,000 39,888 $63,540 18 Flnanclal commltments Al 31 March 2024 the company was committed to making the following payments under non- can¢ellable operating leases.. 2024 2023 Building Other Building Other Minimum lease commrtrn8nt oxpiring.. Within one year 2 10 5 years Over 5 years 2,752 6,562 1,400 5,600 9,314 7,000 17 Related party transactions There were no di$dosable related party transactions during the period.