Registered Company Number- 01345530 R•gl8tsr Charity HUM￿r- 299307 FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIENDI CONTENTS PAGE Trusteès. ffjport 2-10 Independent Examiner's report Statement of financial aclivitie$ 12 Balance sheet 13 Notés lo the financial statements 14-22 FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report For the year ended 31 March 2025 The trustees present their annual report and the financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies sel OLrt 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.. 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}' (as amended for accounting periods commencing from 1 January 2019). Charitable objectives and activities London Friend has been at the forefront of lesbian, gay, bisexual and transgender (LGBTQ+) activism and service provision since the eady 1970's we celebrated our 50° birthday in 2022. London Friend is a vibrant LGBTQ+ health and well-being charity with a wide portfolio of well- established services and a range of newer initiatives aimed at meeting the needs of the LGBT ommunty. London Friend exists to improve the health and well-being of people who are lesbian, gay, bisexual. or transgender, or in doubt about their sexual orientation or gender identty. Where necessary, support is also provided to families and friends of LGBTQ+ people. London Friend works lo provide ServI￿S to LGBTQ+ people where those provided by mainstream services do not appropriately meet the needs of LGBTQ+ people. for whatever reason. The charity currently provides one-to-one and group counselling, peer support groups, social groups and activilies. drug and alcohol support and advice, training and consultancy. referral to other serVI￿S and a range of other ad hoc support seNices. Our Values Empowement, Equalty, competen￿ and Care staff and volunteers During the year London Friend had the following core members of staff.. Chief Executive, Volunteer Manager. Antidote Drug & Alcohol SeNices Manager, Antidote Drug & Alcohol Services Assistant Manager Health and Wellbeing Administrator. Counselling SetviGe5 Manager Senior Counsellor and specialist Domestic Abuse Counsellor {1 staff member, 2 x part-lime roles) Antidote Drug and Alcohol recovery worker (x 5} SASH Health and Wellbeing Coach {x 2) FRIEND COUNSELLING ILONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2025 staff and volunteers - continued SASH counsellor {part-time> Comms Officer (part-time) Cleaner (part-time) London Friend also contraded the services of a finance officer. London Friend has a policy of engaging LGBTQ+ volunteers in the delivery of its services to clients, and rt is dependent on the support of these volunteers for the running of the organisalion. During the course of the year 193 people volunteered time wrth the organisation in structured volunteering roles, including counsellors. Antidote key workers, group facilrtators, clinical supeNisors, trustees, and administrative support. 53 of these volunteers were newly recruited during the year. All the volunleers received a full irKluction, together with specffic training relating to th￿r area of work. The counsellors receNed fortnwjhliy clinical supervision. Publlc benoflt The charitable objedives and acttvities, and achievement sec*ons of this report clearfy set out the activities which London Friend undertakes for the public benefit. Slgnlflcant achlevements wlthln the year 2024125 was another stable year for London Friend. Our main focus continued to be on the delivery of health and wellbeing support services to LGBTQ+ people arKI we continued lo engage LG8TQ+ people through structured volunteering to help deliver these. We continue our work delivering Antidote, our sep4ice supporting LGBTQ+ people around alcohol and drugs. This makes us the UK'S leading charity respondin9 to chemsex support needs and a large focus of our work during Ihe year has been strategic work wlth local authorrties, commissioners and service providers who are develO￿ng local hea￿hcare and whole syslems approaches to this growing public heanh issue. To mark World Mental Health Day, we contin[￿d a publicty campaign jointly wrth Iwo LGBTQ+ charity partners. elop and LGBT HERO. Can we HELP? places advertisements and publicity matenals in venues around London, with a ￿￿bSite directs'ng to a hub of mental health resources and referral InfO￿na.0n for the three charities, services. www. .or We had a prominent presence at key LGBTQ+ evenls such as Pride in London and UK Black Pride. FRIEND COUNSELLING (LONDON) LTD IKNOWN AS LONDON FRIEND} Board of Trustees Report - Continued For the year ended 31 March 2025 Signifjcant achlevements within the year- contlnued 1. Income for the year was £762,290. This included fvnding from the National Lottery Community Fund., The National LGBT Partnership., SASH Partnership., DAWS Partnership.. London LGBT Domestic Abuse Partnership,. the London Boroughs of Lambeth and Southwark, the London Borough of Islington, the City and Hackney Recovery Partnership.. the Henry Smrth Charity., The Love Tank., the City Bridge Foundation., the Mercers Company,. HIV Prevention England., the Ministy of Justice., and corporate partner Peloton. 2. We continued to deliver alcohol and drug support for LGBTQ+ people via our Antidote service. This seNice remains the main drug and alcohol seNice in the UK specifically run by and for LGBTQ+ people. Our expertise is Ihis area has been shared through training and capacty building work. 3. We continued to provide services as a member of the LGBT Domestic Abuse Partnership as a counselling provider. This Partnership. led by Galop and wrth Stonewall Housing. was r&funded from April 2022 for 4 years. 4. We continued a contract with the London Boroughs of Lambeth and SoLrthwark to provide specialist chemsex services and support in the Boroughs. This includes capacity building with local services to improve their ability lo support chamsex clients and strategic work with the local authorities. We also began new work wilh the London Borough of Islington, delivering grant and contract fltnded work to provide support for chemsex. 5. 2024125 was the eighth year in the SASH Partnètship. to deliver sexual health support in the three central London Boroughs of Westminster, Kensington & Chelsea, and Hammersmrth & Fulham. Led by Turning Point wrth Metro, and Naz, the service works as a mulli-agency, multi-disciplinary team. London Friend provides leadership on LGBT work through full-time and one part-time roles. SASH was recommissioned by Westminster 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 LGB T organisalions working Collectively as a member of the Department of Health and Social Care's Voluntary Sector Health and Wellbeing Alliance. This is mechanism via which the Department (DHSCI engages wrth Ihe voluntary sector. 7. We continued delivering a three-year partnership with elop and LGBT HERO delivering mental hea￿h support fvnded by the National Lottery Community Fund for three years from January 2022. We are the lead partner. We are pleased to have received further funding from the National Lottery Community Fund to Continue and expand this work for rive year5 from April 2025. FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2025 Signiflcant achlevements w6thin the year- continued 8. We continued to work on a coordinated response to chemsex and crime with partners including the Metropolitan Police and Probation who have developed Project Sagamore a5 a multFagency approach. We continued to deliver a pilot funded by the Ministry of Jusli through the HMPPS Innovation Grants programme providing a specialist LGBTQ+ and themsex rehabilitation offer to men convicted of offending in the chemsex context. We have also worked strategically wrth local authorities, commissioners, and service providers developing MU￿1-agenCY approaches and conducting l¢xal needs assessments. 9. We continued our partnership with Turning Point and Mind in the City, Hackney and Waltham Forest {Mind CHWF) to deliver a substance misuse service in the City of London and Hackney. We are a subGontracted provider. with the contract funding one full time LGBTQ+ recovery worker. This work also indudes outreach in the Homerton Sexual Health Service in Hackney. 10. We continued to engage closely with our LGBTQ+ and related sector colleagues, including via the LGBT Consortium and the National LGBT Partnetship. This provides important netsvorking opportunrfl￿s and mutual support between LGBTQ+ charit￿$ and organisatr"ons. 11. We worked wrth the British Association for Counselling arKI Psychotherapy IBACPI vtho carried out research into the value of third sedor counselling sep4ices. published as a research report in 2024. 12. We began a partnership wrth The Love Tank, a queer-led Community Interest Company to deliver a new chemsex and other substances harni reduction programme. 13. We began delivery of a new group counselling servi￿, supported by the City Bridge Foundation. In the first year we delivered seven groups including tsrgeted groups for GBT men, L8T women. and trans and nonbinary people. 14. We worked with the Media Trust through their Stronger Voices programme which supports third sector organisations to strewhen their communicats'ons activty. FRIEND COUNSELLING (LONDON) LTD {KNOWN AS LONDON FRIEND) Board of Trustees Report - Continued For the year ended 31 March 2025 Charitable activities within the year London Friend's core client services within the year included-. Counsèlling and mental health support 346 clients re￿iVed contracted counselling during the year. of which 70 attended our new group counselling seNice. A total of 62 volunteers supported delivery of Ihe counselling service throughout the year. The service engaged 9 clinical supervisors. and 4 n8w group counsellors supported the new group counsellin9 service. Frequent issues address through counselling included common mental health issues such as anxiety,, depression,. and stress.. plus, relationships.. self-esteem,. loneliness.. and isolation. 46 10 of clients discussed coming out. 58 /0 of clients discussed their sexual orientation and a quarter discussed their gender identity. 24010 indicated their gender identity was different to that typically associated with their sex recorded at birth. Antldote- Drug and Alcohol SeThlcos Our drug and al¢ohol service. Anlidole, continued to deliver support during the year. 441 people receiving support, which represented an increase of 18 /0 from the previous year. We also saw the highest number of new clients at 348 Antidole was supported by 31 volunteers. The predominant issue supported by Antidote remains chemsex, the use of drugs to enhance and prolong sex behveen men. One third of clients report alcohol as an issue, with 1 in 5 reporting this as their primary concern. Antidote provided one to one and group interventions plus outreach into sexual health clinics. In addrtion to Antidote Management the service employed five drug and alcohol recovery workers. three of which w8re co-localed in drug and alcohol Irealment SeNices serving five London Boroughs (City of London,. Hackney,. Westminster., Kensington & Chelsea,. and Hammersmith & Fulhaml. The work done through Ihese partnerships is separately reported by the lead agencies. We also appointéd a recovery worker to lead our pilot with HMPPS. Our long-term Manager of our drug and alcohol seThice Antidote retired in Novembér 2024 after 25 years connected to the service in its fofmer incarnations managed by Turning Poinl and since transferring to London Friend in 2011. who was replaced by our Assistant Manager. Soclal and Support Groups We run a range of social and support groups each month. These include coming out groups,. trans and non-binary group.. social activities,. older LGBT group; a weekly drop-in for LGBTQ+ people.. 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. 583 people received support through groups in 2024125. and we ran 250 groups. 90 volunteers 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 123 people during the year, 21 /0 of all group clients. This refiects the increasing number of trans and non-binary people the Gharity SUPPOrts. FRIEND COUNSELLING (LONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report - Contlnued For the year ended 31 March 2025 Chafltable actlvlties within Ihe year- continued 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 TumirvJ Point with London Friend, Metro Charity, and Naz Project. Two H88lth and Wellbw'ng Coaches and one part ts'rne counsellor provide LGBTQ+ specific support. Clients seen as part of this service are reported via SASH'S KPIS to commissioners. city and Hackney Recovery Partnership London Friend continued as a partner in the commissioned substance misuse service in the City of London and Hackney. This partnership is led by Tuming Point wrth Mind in the Cty, Hackney and Waltham Forest. One recovery worker provKled specialist support to LG8TQ+ clients. Clients seen as part of these serVI￿S are reported via the Recovery SeNice's KPIS to local commissioners arKI the National Drug Treatrnent Monrtoring System {NDTMS). DAWS Partnernhlp (fumlng Polnt Centrnl London) London Friend continued a partnetship in the Commissioned substance misuse serrfice in Westminster. Kensington & Chelsea. and Hammersmith & Fulham. This partnership is led by Tuming Point. Two recovery workets provided specialist support to LGBTQ+ clients. Clients seen as part of this service are reported via the DA￿% Service's KPIS to local commissioners and the National Drug Treatment Monrtoring System {NDTMS). Administrative Support The organisats'on was supported by S administration volunteers throughout the year. Communlty Centre and Aleetlng Space The organisation provides free and low-cost meeting aThS social space for extemal groups ar#Y organisations wrthin the LGBT communty to use. During this year we have hosted Stonewall Housing., Beaumont sOc￿ty.. SM Dykes, Queer Book Club,. Lond¢)n Intemational Lesbians Book Club., CMA,. LGBTQ Ca￿r$. and Queer China. Trnlning 124 volunteers attended in-house training during the year,. 21 volunteer training courses were provided during the year with topics including trans awareness.. neurodiversty,. eating disorders., suicide prevention., psychosexual issues. GHBIGBL detox and residential treatment options: motivational interviewing; and specialist CPO frjr counsellors. managing psychosis- chemsex.. digital safety," working with trauma., and suiade prevents'on. 17 training sessions were provided to external agencies, wrth around 200 atterKlees. including representatives from sexual heatth and dnjg and alcohol treatment a9encies. FRIEND COUNSELLING ILONDONI LTD (KNOWN AS LONDON FRIENDI Board of Trustees Report - Continued For the year ended 31 March 2025 Financial review The Trustees are pleawj that the organisation has maintained a strong financial position and has ontinued 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 service users al a national strategic level. The Finance Officer has contributed signfficantly to the improvement of financial record-keeping arKI to the chanty's financial govemance. ReseThes Pollcy The Trustees review its policy and reserves posrtion on a regular basis. They believe a minimum of 3 to 6 months resources expended will enable the charty to continue to meet its obieclives if it faces loss of income, increases in costs or delays in r￿Ipts. At present the unrestrided income funds stand at £587,568 of which £130,000 has been designated by the trustees. £50,000 has been designated for the freehobd property maintenance fund and £80,000 has been designated as the salary cost commitment on the charity's behalf. Looklng forward to 2025126 We are continuing to deliver our servI￿s, with several grant5 ar)d contractslsub-contracts being mid-lerm. These make 2024125 a stable year for the charity. Our trustees are planning to invest some of our unrestricted reserves on further development for the charty. In addition to our usual services, we are pleased to be continuing our criminal Justir￿ chemsex pilot, an innovative piece of work and the first pilot providing rehabilitative support wrth this cohort of offenders", this has been extended to March 2026. We are also delighted to have been fijrther funded by the National Lottery Communty Fund to continue and expand our mental heaf(h partnership with elop and LGBT HERO. which is funded for five years from April 2025. We're also pleased to have embarked on a new partnership with The Love Tank to deliver a new harm reduclion inrtiative which will conts'nue into 2025126. Reference and admlnlstratlon detall8 Company number Company name Charity number Registered Office 1345530 Friend CounsellirvJ {L¢)ndon} Limited 299307 86 Caledonian Road. KirYJs Cross. London, N19DN Our advlsers Bankers CAF Bank Ltd 25 Kings Hill, West Malling. Kent ME19 4JQ Independent Examiner Brown Wamer LLP 38 Northg*e. Newark-on-Trent. Nottinghamshire. NG24 1 EZ FRIEND COUNSELLING ILONDON) LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report- Contlnued For the year ended 31 March 2025 Reference and admlnlstration details - continued Dlrectors and trustees The directors of Ihe charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers seNing during the year and since the year 8nd were as follows.. Trustees Mubeen Ahmed (Chairl Rachel Croshaw (Appointed 1•1 August 20251 Joshua De Luna Olivia Andrews (Resigned 10" September 2025) Vivienne Smith Jonas Thompson-mccomiick (Resigned 61h March 20251 Chlef Executlve Monty Moncri8ff MBE structure, governance and management London Friend is a charitable company limited by guarantee. incorporated on 22" December 1977 and regislered as a Gharity on 18 December 1989. London Friend is govemed by a Board of Trustees who are recruited openly and who meet at least four times a year togelher with the Chief Executive. Twstees receive a full induction, are briefed on their roles and responsibilities within the organisation and subsequently have access to a range of govemance 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-ttrday management of Ihe charity to the Chief Executive who regularfy reports on all areas of organisational performance to the board. There is also regular strategic review and planning sessions. Governlng document The company was established under a Memorandum of Association which established th8 objects and powers of the charitable company and is govemed under its Articles of Association. FRIEND COUNSELLING ILONDONI LTD (KNOWN AS LONDON FRIEND) Board of Trustees Report- Continued For the year ended 31 March 2025 Rlsk ststement The Trustees review risk management periodically. This involves identifying the types of risks the chanty faces (financial, operational, governance etc.), prioritising them in temis of potential impact and likelihood of occurrence and identifying means of mitigating the nsk. As part of this process the Trustees keep the adequacy of the charity's internal controls under review. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefrt guidan￿ published by the Commission in delermining the activrties undertaken by the charity. Statement of trustees, responslblllties 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 United Kingdom Accounting Standards {Untted Kingdom Generally A￿pIed Accounling Practice). Company law r6yuires 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 resour￿$, including the income and expenditure, of the charrtable company for that period. In preparing these financial statements. the trustees are required to.. Select suitsble 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 Accounling standards have been followed, subject to any material departures disclosed arsd explained in the financial statements.. and Prepare the financial statements 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 adequate accounting records that disclose with reasonable accuracy at any time Ihe financial position of the charitable company and enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irwularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable 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 of the Board of Trustees Date.. IC)-IL- LGU 10 FRIEND COUNSELLING ILONt)ONI LTD (KNOWN AS LONDON FRIEND) INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF FRIEND COUNSELLING (LONDON) LIMITED {KNOWN AS LONDON FRIENDI I'THE COMPANY) For the year ended 31 March 2025 I report to the chanty trustees on my examination of the financial statements of the company for the year ended 31 March 2025. Respective responsibilities of trustees and examiner As the trustees of the charity land also its directors for the purposes of l&vl. you are responsible for the preparation of the financial statements in accordance wrth the requirements of the Companies Act 2006 {Yhe 2006 Act,). Having satisfied myself that the financial statements of the company are nol 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 financial statements as carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carying out my examination I have followed the Directions given by the Charty Commission under sects'on 145{5) (b) of the 2011 Acl. Independent examiner's statement Since the company's gross income exceeded £250.000. your examiner musl be a member of body lisled in section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member of ICAEW. vthich is one of the listed bc&lies. I have completed my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause lo belyève." accounting records were not kept in respect of the company as ￿Uired by section 386 of the 2006 Ad., or 2. the financial statements do not accord wilh those records.. or 3. the financial statements do not compty wrth the accounting requirements of section 396 of the 2006 Act other than any fequiremenl that the financial slalements give a 'lrue 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 Practice for accounting and reporting by charities applicable lo charities p￿paring their financial statements in accordance wrth the Financial Reporting Standard applicable in the UK and Republic (FRS102}. 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 undeTstsnding of the financial ststements to be ￿athed. David Brown FCA Brown Warner LLP 38 Northgate. Newarkaon-Tr•nC England NG24 1EZ Date: 11 Friend Counselling {London) Limited (Known as London Friend) ststement of Financial Activities (including Income and Expendlture Account) for the year ended 31 March 2025 Unr•8trlctsd funds General Deblgnated Ro8trlctod fund funds funds 2026 totsl 2024 total Noto Income Donations & Legacies Grants 91,689 6,023 249,546 97,712 249,546 155,356 187,979 Inwme from ch8nt8bla adiviti&$ Service funding Training & lalks Rental income 34,897 13,700 230 354,218 389,115 13,700 230 345,110 10,112 555 Investment income 11.987 11,987 9,593 Tot•1 Incornlng mour¢•• 152,503 609,787 762,290 708,705 Expondltur• Costs ofraising lunds 439 439 Expendilurn on ¢h8ri18ble aclivili8s 88,134 596,432 684,566 614,962 Total r•sourcM expènded 14, Net loutgoing}lin¢oming ro8ourc•8 bèfor• tran8fèrn, bglng nèt loxpondlturn)Ilncom• lor thg y••r 63.930 13,355 77,285 93.743 Gro88 Ironsfer¥ betw86n funds 1416 {90,014} 90,000 14 Not mov•m•nt In funds {26,0841 90,000 13,369 77,285 93.743 Total funds brought forward at 1 April 2024 483.652 40,000 39,888 563,540 469,797 Total funds carrl•d forward •t 31 March 2025 457.568 130,000 53,257 640,82S 563.540 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expènditure derNe from continuing activities. The slalemenl of financial activltles also complies with the requirements for an income and expenditure account 12 Friend Counselllng (London) Llmlted (Known as London Friend) Balance sheet as at 31 March 2025 2025 2024 Not• Flxed a$80ts Tangible assets 10 133.S35 144,947 Current assets Debtors Cash 81 bank and in hand 11 136.188 519,646 162,680 407,864 655.834 570,544 Crodltors: amount• falllng dug withln one yèar 12 175,9481 {74,6801 Net curr•nt a•uts 579.886 495,864 CredStorn'. amounts falllno du• aft•r mor• th•n on• yg•r 13 172.5961 177,2711 Th• fund# of th• ch•rlty Unrestricted income funds General Designated 457.568 130,000 483,652 40.000 14 587,568 53,257 523.652 39.888 Restricted income funds 15 Total chlrlty fund• For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The directors a¢kn¢)wledge their responsibilities for complying wrth the requirements of the Companies Act 2006 wrth respect to accounting reeofds and the preparation of financial slalemenls. The members have not required the company to obtain an audit of rts financial slatemgnts for the year in question in accordance with sedion 476. The financial slalemenls havg been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. The a¢￿Un￿ were approved by the Board o i O- IL- Mubeen Ahmed, Chair of the Board of Trustees Company registration number: 01345530 13 Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2025 1. Accountlng Pollcles Charity infom)ation Friend Counselling (Londonl Ltd (know as London Friend} is a charitable company limited by guarantee, in¢oTporaled on 22nd December 1977 and registered as a charity on 18th December 1989. The company Is governed by its Memorandum and Articles of Association wh￿h established the objectives and powers of the charitable company. The Charity is registered with the Charity Commi88ion of England and Wales with the charity number 299307. The principal address is 86 Caledonian Road. Kings Cross, London N19DN. The principal accounting policies adopted, judgem8nls and key sources of eslimalion uncertainty in the preparation of the financial statement are as follows.. aratlon The financial stalemenl8 have been prepared in accordance wth A¢￿UntIng and Reporting by Charit￿$.. Statement of Recommended Practice applicable lo charities preparing their a¢counling in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended 'for aeeounling perrods commencing 1 January 20191. The charity is a Public B8n8frt Enlty as definad by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash flows. Th$ accounts have departed from the ChaTilies {Accounls and Reports) Regulations 2¢)08 only lo the extent rèquifed lo provide a true and fair vigw. This departure has involved following the Statement of Recommended Practice lor charities applying FRS 102 rather than the version of the Stalemènl of Recommended Practice which is referred lo in the Règulations bul which has since been withdrawn. The financial statements are prepared in sterling which 18 the functional currency for the charity The a¢¢ounts have teen prepared under the hi81oiical cost convontion. The principal policies adopted are set out bel¢)W. In Al the lime of approving the accounts, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concem basis for accounting in preparing the account8. cl Charit¥bl• Fund8 Unrestricted geneTaS funds comprises those monies that may be used toward$ meeting the charilablg objectives al the discretKJn of the trustees. Designated funds are unre81ricled funds 9omiarked by the trustees for parti¢uLqr purposes. Restricted funds are monK?s raised for. and their use restricted to, a specffi¢ purwse. or donation subject to donor imposed conditions. 14 Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2025 1. Accounting Policies - continued d) Income All incoming resources are induded in the St*ement of Financial Activitw ¥rt￿n the chafity is legally entstled lo the Income and the aM{￿nt can l* qUantsf￿ V+rth reas)n$idernd to b¢ r•knvanl. Actual resulls drffer from these estimates. The estimates and und8ityin9 assunwlThs on •n ¢ywing bosis. RevisKJns to accounting esth"mat&S 8r• r8cognwd in the peTh)d the estimate is revised *there the revision affects onty that perfod, or In tho p¢riod of the revtsion lulU￿ perKKl3 vtsre Ihe revision affects both cuThent and future periods. 3 Don•llon• ond W¢l•• Unrn•tricted fund• Genernl D••ignat•d R••trl¢t•d fund fvnd• fund¥ 2025 2024 IndiV￿￿a￿oIgan1$at1onS ¢kn￿lI0r Gift AKI redaimed LegaTres and beque3ts 82.493 9,1 84.875 9.1 3,641 133.7C(I 14.734 6,922 3,641 91.689 16 Friend Counsèlling {London} Llmltod (Known as London Friend) Notes to the financial statements for the year ended 31 March 2025 4 Grnnts Unr•$trl¢t¢d fund$ General C*slgnat•d R•8trt¢t fund lund8 lund$ 2025 total 2024 totsl Antldote Ser41ce The Henry Smrth Chanty Lloyd5 Bank Foundation Soth Anniversary The National Lottery Heritage Fund 59.800 59,800 59,000 13,995 12,302 Supportbng LG8TQ+ Oldw P•opl• The M$rcgrs' Company New Group Coun8•lllng S•rvlc• City Bfidoe Foundation 33,000 33,000 39.460 39,460 M•ntsl Health & Well B0Sng Blooming with Pride-The Nalional Lottery Community Fund 117,280 117,286 117,286 S S•rvlc• Fundlng Unr••trl¢t•d fund• G•n•r•l D•slgnotgd R••trSct•d fund lunds fund• 2025 total 2024 totsl Antldots $of41c• Turning Poinl-city & Hackney Turning Poinl- Hammersmilh & Fulham Tuming Point- Bi 8orough Weslminster, Kensington & Chèlsèa Lambeth & Southwark Chgms8X HMPPS Chemsex Islington Public Heatth Chèmsex Islington Community Recovery Project Fund The Love Tank- Therapeutic Support Sèxual Hèalth Turning Poinl-SASH Domestlc Abuse GALOP-Domeslic Abuse Partnership Coun8•lllng Incom• 45.000 45.000 45.000 42,500 45,000 40,000 30,000 50,527 8,000 4,600 1,875 40,000 30,000 50,527 8,000 4,600 1,875 39,996 30,000 19,939 ,098 ￿,096 93,917 33.120 33.120 33,019 40.739 34,897 34.897 8 In¥8stm•nt Incom• 202$ totsl 2024 total Bank interest receivablè 11.987 9,593 17 Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2025 Costs of Dlr•¢t genera￿ng ¢harttablo voluntsry expendlture In¢ome Governanc• 2026 tot•1 2024 totsl 7 Allocatlon of •upport eoits The chanty has albcated ts support costs.. IT ¢o¥ts Stationery, Postage and Courier Photocopier Affiliation and membership fe68 Finanaal management 17.150 891 855 1,637 10,934 17.150 891 855 1,637 10,934 15.759 580 573 12,117 R••oureM •xp•nd•d Staff eo8t• Dlrect colts Support co•ts 2025 tot•1 2024 totsl ¢￿ts of g•n•r4tlng fund• Fundraising and marketing 439 439 Charftablo oxpondlturn Antldote SeNIc• Lloyds Bank Foundation Thè Henry Smith Charity In¢Ji¥idual$ Tuming Point£ity & Had(nay R•tt*very ruming Point- H8mm$r¥mith & Fulharn Tuming Point- 81 8orough We8tmin8tsr, Ken¥inglon & CheL8ea L8mbelh,& Southwarf( CheM￿X HMPPS Chemsex Pilot 1s11n9lon Public Haatth - Chomsex Islington Community Rèeovtry Prolact Fund Th& Ltyve T8nk- Therapeulr Supporl 16,437 59,0(lJ 2.750 42.500 45.000 52.100 6.023 45.L4)0 45.IX)O 6,5C4J 1.200 59.600 6.023 45,014 45,000 14 40,000 26,900 38,118 7,500 4,000 1.200 40.frjo 30.000 50,678 8,000 4,081 1.87S 39,998 30,000 19,768 2,100 9.470 soo 81 675 1,000 3,090 N•w Group Coun••llln9 Serylco City Bridge Foundallon sgxual Hg•lth Turning Point-SASH Supportlng LGBTQ+ Old•r P•opl• The me￿￿[5, Cornpany Dorneollc Abu•? 20,860 16,800 800 38.460 94,905 979 212 98,096 93,917 18.175 325 16,500 GALOP- tk)m8stie Abu8• Partn•rnhip Covld - London Cornmunlty Rosponso Fund City 8ridge Trust- Wave 3 Mental Health & Well 8¢lng Blooming with Pr4de-The National Lottery 29,300 3.220 33,120 33.019 43,214 68.097 6,036 117,347 162,071 The National Lottery Herrtage Fund Othèr charitab￿ 8xpendituf Govemance 1,273 60.9S8 7.180 40.799 7.180 18,529 85,392 7,180 Induded in resources expended are.. A charge for ¢jep￿riat￿jn amounting to £12,56712024. £14,370) 18 Friend Counselling (London) Limited {Known as London Friendl Notes to the financial statements for the year ended 31 March 2025 Rwout¢OS •XPond•d- ConVnu•d Gov*rn¥n¢e 2025 2024 Independent review and statutory accounts Board exp8ns8s 1.180 1.180 7,180 g Staff ¢￿tr Slaff ￿$ts arnounled to". 2026 2024 Wages and Sa￿￿￿￿$ Social security costs Pension 440.991 38.439 16.929 496,359 377.179 30,780 12,389 420,348 ReGruitrrent and payroll costs 359 421.939 The avera9e monthty number of empbyees during the year wa$ 1612024".141. The number empknw whose bÈnefft5 (ex￿￿J1￿9 employer pension c¥)stsl exr*8ded £60.OIY) was. 2025 2024 £fjO.(K11 - £70.000 Key Management P•rsonn•l The key rnanagernent personn81 of the tharitab* Gompany corrpri5e the Board ef TNslees and ts Ch￿1 ExecutNe. The total employee benefft$ of tlle key rnanagenwnt personnel of the chanty wère £61.913 12024.. £59,352). No rernuneration was paby to Trustees during erther year. No expenses were reirrknursed lo Trustees durin9 2025 12024.. £3801. Tru8tae$ In$urnnco of £850 pahy duriryJ 2024 12024.. £8(X)I 10 Ton#lblo fix•d as50ts Fumttur• and Fitungs Freehold Propebty Equiprrnnt Totsl Ctyst Al l April 2024 Addit￿n$ DisposaL* Al 31 March 2025 221.&fj0 22.467 1.155 186 23.436 249.983 1.155 221,850 250.952 D•prfr¢i•Jon At 1 April 2024 Charye for year DBposal$ At 31 March 2025 77.493 12.021 21,877 105.036 12.587 188 22,237 89.514 117.417 Not book wlu• At 31 March 2025 132.336 1,199 133.535 Al 1 ApDI 2024 144,357 590 144.947 19 Friend Counselling (Londonl Limited (Known as London Friend) Noles to the financial statements for tho y•ar Onded 31 March 2025 11 Debtors 2025 2024 Trade Debtors Olhef Debtors Prepayments and aeuued iw)me 88.828 23.836 23.524 136.186 126.555 14.641 21.484 16 12 Cr•dltors: amounts falling due within one year 2025 2024 Mortgage Trade crèdrtors Other Taxes and ￿la1 Seojrty Other uedrtors Deferred Income AcfflJ8ls 4.677 14.167 10.922 3,894 28.975 13.313 S,530 9,065 3.894 39,095 12,712 75.948 74.68 13 Cr•ditorn: •mounts falling due after more than y•ar 2025 2024 Serajred Mortgage (falling due than 5 yews) Secured MWa9e (falling due aftef 5 years) 22,059 50.537 20.675 56.S 72.5 77.271 At 31 March 2025 a mortgage tcrtaliNJ £77.273 was seryxed ty fixed and floatirwj d￿rge$ over the freehold r￿Operty at 86 Cakgjonian Road. Interest on the rnortpJe will L* charged at 6.5% pw annum after dralvdwi. 14 D4slgnatsd fvnds Balance al 1 April Incoming 2024 rnsourc•s Balant• at 31 March 2025 Resource5 •xpènd Staff costs fund FreelK)Id fnaintenance fijnd 80,CK)O 50.000 130.1( 40.CO) The ab)ve desgnated funds c£ffiprise unreslricted dèsKJnatsd by thè tfUStÈes for 4)th wrposes. Stsff costs fund Th8 trustees dastrJnated a sum to cover the staff commibnent on thè ￿nI￿S part Freeholql malntenance fund The trustees des¥Jnaled a sum for IreelK)kl buikjry mainterW￿. 20 Friend Counselling (London) Limited (Known as London Friendl Notes to the financial statements for the year ended 31 March 2025 8o&nce at 1 April Incoming Rosources 2024 resourc•s +xPend￿ TAn81•rn 8ol•n¢e at 31 March 2026 15 Re$trl¢teil lund8 Capital E¥p•ndlturn . Property *ppv*l Antidote Henry Smth Foundth"on Ind￿￿Ua1S Tuming Point- Cty & Hackney Tuming Point- Hamff*ismth & Fulham Tuming Point- & Borough Westhnster. Kensington & Chelsea Lambeth & Southwark Cherrtsex HMPPS Chemsex ￿￿?t Islington Public Heatth- Chemsex Islington Community Recovery Pirtyect FuThJ The Love Tank- The￿peUt￿ Support ew Coun#¢lli Service City Bndge FOunda￿D exu IHÈ Turning Point- SASH ortin 8T The Mercer¥' Company Domestbc Abu GALOP 39.676 14.4381 35,238 59.8CKI 6,023 45,(XXJ 45.0 159.8CQI 16.0231 145,0141 145.OCQI 14 I40.(￿ I30.0￿) 150.6781 18 (KKII 14.0811 11,8751 50,527 519 1.875 39.460 138,4e4)1 196,0961 I16,5(￿) 16.5(J) 33,120 133,1201 Mental Health & Well B Blooming with Pride- The National Lottery CommsJTrrty Fund 61 117.286 1117.3471 ￿787 (S￿.432) The above re51ricted funds can only be Ltsed for Ihe purposes speofth by ￿ donors orgrant rnaking body This represents fvnds raised from an appeal forthe purthase of Ca￿don￿n Rriad propety During 2021r2022 funding was rece￿ed from the National Lottery Comunty Fund and The Cloth*rJrkers Foundation to purchase ventilaton equiprrEnt Antidot• Pro et Tlje Henry Smlth Fotsndaiion This represents fiJndiThJ for the Antidote- LGBT Drug and Alcohol service Tumin This represents fUndIr￿ for the AntK1ote Se￿￿ to pro￿1￿9 LGBT recovery 10 Ihè Cty and NadLney Re¢A)very Servte Turnin mmersmmh and F Iham ThLS represents fun#ing for the Antsjote servM% to provKJe anbdote forthe DAWS ServK8 for Hammersmith and Fulham Turnin Point-Bi 8orou h Westminster KeTrbin and Chebsea This represents fundirvJ for the Antidote servKe to provM1e anbdote *YJrkers for the DAWS Servthx for Westminster, Kensington & Chelsea. umFn Polnt4ASH This ￿preSentS funding from the SASH Parfner5hip forsexual heath on Weslmir6ter. Kensirvjlon & Chelsea. ané Hammetsmrth & Fulham. Lambeth & Southwalk Chem58x This represents funding for the provision ofopa¢)ty buihYir%J ￿pport to h* Wl Servi￿ t*ttersupport cliènts lnvofved In ctheNtsex. plus direct servKe provtsion to d*nts ￿$￿￿ent in these Borou9hs. 21 Friend Counselling (London) Limited (Known as London Friend) Notes to the financial statements for the year ended 31 March 2025 15 Re5trt¢t￿ funds {conllnued} HMPPS Chemsex Pllot This represents a grant for a pikrt yqecl supportiThJ rehats'litabve tAth Vlilh gay and t4sexual men in the ￿[mIna justice system. Domestic Abuse This represents fundirKJ tVKads the domestic abuse projeca for and counselling. Bloomin with Pri This represents lur¥JirYJ for impYovir#J LGBT mental heatth in Lon(kJn, administered by The National Lottery Fund. The project is delivered in parthership *ith ELOP and LGBT HERO. ton Publlc Heath- Ch This fepresenls fvndirKJ from Islington C￿r￿lI for a set of interventiorts to suppcrt Feople around chemsex. ton Commun Recove Pro ect Fund This represents ftjnding from Islingior) Council'5 lrtal drug an¢J alcohd recovw grant fund to deliver new hemsex interv￿110n$ and ¢apac4ty building ¥￿th Iccal serv￿. The Love Tank- Peer Moblllser P This represents turKling frorn a wlol ￿r mobiliser project kd by The Love Tank", London Friend is providiTh dedicatwj therapeub'c support vthere need 15 identffied. Grou Counsellin This represents funding from Crty Bridge Fournlati(m to develop a grrMJp counselling prc4Jramme. Su rtin LGBT + Older Peo le This represents funding from The M￿ce[s, Company fcrf wyk to sukwt older LGBTQ+ pecyle and reduce isolc 16 Analysls of net assets between funds Unrestrl¢ted funds General Deslgnated Restricted nd funds funds Total Tangilje fixed assets CU￿ent assets Cu￿ent lia￿.11bes 98,297 507.815 1148.5441 35,238 18,019 133.535 655,834 {148,5441 130.CQO 457, 130.000 640,825 17 Flnanclal commitments At 31 March 2025 the company wa$ ComMrt￿d to m*ir4J the follow.ng payments under non- cancellable operab'r¥J ￿aSes". 2025 2024 8ulldln9 Other Building Olher Minimum lease commth￿nI exP￿n9 Within one year 2 to 5 years Over 5 years 2,752 3,810 2,752 6,562 6,562 9.314 18 Relat￿ party transacllons There were no disclosable related party trans￿￿c(￿ ¢JJrirrfJ the ￿riod.