Charity registration number SC022565 (Scotland)
Company registration number SC150411 (Scotland)
BEFRIENDS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BEFRIENDS LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr H McEwan
Mr P Rohde
Mr R Mackay
Mr R Low
(Appointed 4 July 2023)
Mr J Morrow
(Appointed 4 July 2023)
Charity number (Scotland)
SC022565
Company number
SC150411
Registered office
Stobswell Parish Church
170 Albert Street
Dundee
DD4 6QW
Independent examiner
Findlays,
Chartered Accountants
11 Dudhope Terrace
Dundee
DD3 6TS
Bankers
Bank of Scotland
2 West Marketgait
Dundee
DD1 1QN
BEFRIENDS LIMITED
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5 - 6
Balance sheet
7
Notes to the financial statements
8 - 18
BEFRIENDS LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities


Policies and objectives
The main objectives/activities continue to be to promote any charitable purposes for the benefit of children and young people in need within the City of Dundee and its environs without distinction of political, religious and other opinions, to advance the general education and health and relieve stress amongst children and young people from disadvantaged families in necessitous circumstances.

Activities undertaken to achieve objectives
To achieve the objectives of supporting young people aged between 5 and 25 the charity operates a one to one befriending service and three new befriending groups.

Achievements and performance


Main achievements of the charity
BeFriends has it’s usual year of highs and lows. From a weak financial position in the previous year the charity has stabilised it’s monetary base, though a reduction in funders awards generally and a tightening of criteria for awards has kept the charity from making some service improvements.

 

The charity has bedded into the church premises in Stobswell, although a horizon-cloud is that the building is currently up for sale. It is hoped that the current tenants, another church, can secure the funding to purchase it and give us some security to improve the facilities.

 

The main issue for BeFriends, and all charities, is the perennial funding problems. We have been extremely fortunate that applications to Gannochy Trust, Robertson’s Trust , Northwood Trust and several small local administered trusts have been successful. Dundee Council continue to support us with an annual award. Several applications are currently pending, mainly with reference to salary provision. Core costs and young people’s activities are relatively easier to acquire, however Scottish funders have greater demand than elsewhere in the UK and our situation is almost certain to alter.

 

A secondary, but no less important concern for the charity, is the reticence to take up volunteering post government restrictions. This is an issue across the third sector but BeFriends requires volunteers to match the number of individuals on its waiting lists. We currently have around 30 volunteers including 5 board members, two of whom are also befrienders. BeFriends board had a change with Bex Warne leaving and Bob Low joining us. We continue to take part in volunteer fairs, fresher’s weeks at both universities, Dundee College to promote our volunteering, as well as using social media.

Operationally, BeFriends has introduced new groups for particular demographics and these have been successful. They add to our local community involvement in Maryfield. This activity has attracted a couple of small, but welcome, local awards. Our group for 18-25 year olds continues to thrive, and continues to be an important part of BeFriends provision.

The charity has had a rollercoaster few years with staff turnover, funding crises and accommodation issues, but the skillset of our charity individuals have been a constant in our survival and development and the board have every confidence that BeFriends can progress and survive.

 

BEFRIENDS LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Financial review

Going concern

At the time of approving the financial statement, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. However, this is dependent on obtaining further funding in the year to 31 March 2026 to ensure there is enough resources to pay all liabilities. In the event that no funding is obtained, the Board would enter into a period of consultation and finally redundancy. If the charity enters into a period of redundancy, the charity could be continued with members of the Board covering essential roles and the charity would be pulled back to the core activity of volunteer befriending.

Reserves
At the year end the charity holds £52,529 (2023 - £75,856) in reserves, of which £44,083 (2023 - £48,009) is unrestricted and of this free reserves not invested in fixed assets amount to £42,778 (2023 - £45,748). No material amounts have been designated.

Reserves policy
It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately 5 month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Principal funding
The principal source of funding is trust donations and local authority.

Financial risk management
The trustees has assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management


Constitution
Befriends Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association which was amended on 18 September 2019.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr H McEwan
Mr P Rohde
Mr R Mackay
Mr R Low
(Appointed 4 July 2023)
Mr J Morrow
(Appointed 4 July 2023)
Ms R Warne
(Appointed 4 July 2023 and resigned 13 November 2023)
BEFRIENDS LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Recruitment and appointment of trustees
The management of the company is the responsibility of the trustees who are elected and co opted under the terms of the Articles of Association. The trustees are considered as key management of the organisation. Recruitment of the trustees is an ongoing process and is usually undertaken by current board members. Often individuals or organisations are targeted when a gap in expertise is identified.

All trustees are carefully screened and must provide us with 2 referees and must also complete an enhanced disclosure check. Initially, all new trustees take part in an induction meeting and are also invited to take part in our preparation course. Trustees will also participate in other relevant or necessary training that may be required in their duties.

Board members are limited to a period of three years. The company may at any AGM by ordinary resolution re-appoint any director who reaches the end of their 3 year term.

The trustees' report was approved by the Board of Trustees.

Mr H McEwan
Mr P Rohde
Trustee
Trustee
Dated: 8 November 2024
Dated:8 November 2024
BEFRIENDS LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BEFRIENDS LIMITED
- 4 -

I report on the financial statements of the charitable company for the year ended 31 March 2024, which are set out on pages 5 to 18.

Respective responsibilities of trustees and examiner

The charitable company’s trustees, who are also the directors of Befriends Limited for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met, or

(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lesley Campbell, CA
Independent Examiner
Findlays,
Chartered Accountants
11 Dudhope Terrace
Dundee
DD3 6TS
Dated: 8 November 2024
BEFRIENDS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
25,796
26,135
51,931
67,811
Expenditure on:
Charitable activities
4
29,722
45,536
75,258
72,010
Net expenditure for the year/
Net movement in funds
(3,926)
(19,401)
(23,327)
(4,199)
Fund balances at 1 April 2023
48,009
27,847
75,856
80,055
Fund balances at 31 March 2024
44,083
8,446
52,529
75,856

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 8 to 18 form part of these financial statements.

BEFRIENDS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
46,460
21,351
67,811
Expenditure on:
Charitable activities
4
29,160
42,850
72,010
Net expenditure for the year/
Net movement in funds
17,300
(21,499)
(4,199)
Fund balances at 1 April 2022
30,709
49,346
80,055
Fund balances at 31 March 2023
48,009
27,847
75,856
BEFRIENDS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
9
1,561
2,773
Current assets
Debtors
10
456
999
Cash at bank and in hand
53,307
74,797
53,763
75,796
Creditors: amounts falling due within one year
11
(2,795)
(2,713)
Net current assets
50,968
73,083
Total assets less current liabilities
52,529
75,856
Net assets excluding pension liability
52,529
75,856
The funds of the charitable company
Restricted income funds
15
8,446
27,847
Unrestricted funds
44,083
48,009
52,529
75,856

The notes on pages 8 to 18 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 8 November 2024
Mr H McEwan
Mr P Rohde
Trustee
Trustee
Company registration number SC150411 (Scotland)
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
1
Accounting policies
Charity information

Befriends Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Stobswell Parish Church, 170 Albert Street, Dundee, DD4 6QW.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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 (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. However, this is dependent on obtaining further funding in the year to 31 March 2026. This is required to ensure there is enough resources to pay all liabilities. In the event that no funding is obtained, the Board would enter into a period of consultation and finally redundancy. If the charity enters into a period of redundancy, the charity could be continued with members of the Board covering essential roles and the charity would be pulled back to the core activity of volunteer befriending.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 9 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 10 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
Depreciation

Tangible fixed assets are depreciated over a period to reflect their estimated useful lives. The applicability of the assumed lives is reviewed annually, taking into account factors such as physical condition, maintenance and obsolescence.

 

Fixed assets are also assessed as to whether there are indictors of impairment. This assessment involves consideration of the economic viability of the purpose for which the asset is used.

BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
2
Critical accounting estimates and judgements
(Continued)
- 11 -
Support costs

There are some costs incurred which are not directly related to the charitable project but are deemed general support costs for the running of the organisation. The Charity have deemed that a percentage of the Project Worker's salary should be considered a support cost. This application is consistent with prior years.

Allocation of overheads

Staff wages and other overhead costs are allocated towards projects based on funding.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
1,933
-
1,933
972
-
972

Grants

23,863
26,135
49,998
45,488
21,351
66,839
25,796
26,135
51,931
46,460
21,351
67,811
Donations and gifts
Other donations < £1,000
-
-
-
972
-
972
Other
1,933
-
1,933
-
-
-
1,933
-
1,933
972
-
972
Grants receivable for core activities
Dundee Volunteer & voluntary action
-
7,500
7,500
-
-
-
DCC Children & Families Service
12,863
-
12,863
12,863
-
12,863
Hillcrest Foundation
-
5,000
5,000
-
-
-
The Edward Gostling Foundation
-
-
-
7,000
-
7,000
DCC Common Good Fund
-
-
-
-
2,351
2,351
National Lottery Community Fund
-
-
-
-
10,000
10,000
The Gannochy Trust
1,000
-
1,000
8,190
-
8,190
The Robertson Trust
-
10,000
10,000
-
-
-
Foundation Scotland
-
-
-
2,880
-
2,880
Foundation Scotland - The Champ Trust
-
-
-
-
6,000
6,000
Other
10,000
3,635
13,635
14,555
3,000
17,555
23,863
26,135
49,998
45,488
21,351
66,839
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
4
Expenditure on charitable activities
Youth activites
Youth activites
2024
2023
£
£
Direct costs
Staff costs
32,399
32,184
Depreciation and impairment
1,212
2,007

Rent, rates and insurance

10,294
6,817

Cleaning

187
72

Heat and light

539
1,935

Repairs and maintenance

30
33

Staff expenses

7,008
5,770

Staff training

258
310

Computer costs

5,046
4,700

Sundries

661
351

Outings and activities

5,240
5,042

Fees

174
145

Telephone

1,843
2,616

Print, postage and stationery

320
668

Professional & Legal fees

612
768
65,823
63,418
Share of support and governance costs (see note 5)
Support
4,095
3,949
Governance
5,340
4,643
75,258
72,010
Analysis by fund
Unrestricted funds
29,722
29,160
Restricted funds
45,536
42,850
75,258
72,010
5
Support costs allocated to activities
2024
2023
£
£
Staff costs
4,095
3,949
Governance costs
5,340
4,643
9,435
8,592
Analysed between:
Youth activites
9,435
8,592
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
1,212
2,007
7
Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

 

During the year, trustees were reimbursed £309 of expenses for training and volunteer expenses (2023 - 1 trustee a total of £244 for travel).

8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Employees
3
3
Employment costs
2024
2023
£
£
Wages and salaries
38,534
38,076
Social security costs
-
18
Other pension costs
690
672
39,224
38,766
There were no employees whose annual remuneration was more than £60,000.
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
9
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023
10,035
At 31 March 2024
10,035
Depreciation and impairment
At 1 April 2023
7,262
Depreciation charged in the year
1,212
At 31 March 2024
8,474
Carrying amount
At 31 March 2024
1,561
At 31 March 2023
2,773
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
456
999
11
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,795
2,713
12
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
690
672

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
13
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
48,009
25,796
(29,722)
44,083
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
30,709
46,460
(29,160)
48,009
14
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
1,305
256
1,561
Current assets/(liabilities)
42,778
8,190
50,968
44,083
8,446
52,529
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
2,261
512
2,773
Current assets/(liabilities)
45,748
27,335
73,083
48,009
27,847
75,856
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
15
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Balance at
1 April 2023
Incoming resources
Resources expended
Balance at
31 March 2024
£
£
£
£
£
£
£
BBC Children In Need
6,306
-
(6,306)
-
-
-
-
DCC Partnership
-
-
-
-
890
(890)
-
Chance to Connect
7,771
-
(7,771)
-
-
-
-
Awards For All Scotland
2,700
-
(724)
1,976
-
(1,976)
-
The Gannochy Trust
18,415
-
(3,034)
15,381
-
(13,005)
2,376
DCC Common Good Fund
-
2,351
(2,351)
-
-
-
-
National Lottery Community Fund
-
10,000
(10,000)
-
-
-
-
Help for kids
2,736
-
(2,736)
-
-
-
-
DVA
4,112
-
(2,134)
1,978
7,500
(9,478)
-
Foundation Scotland - The Champ Trust
-
6,000
(1,000)
5,000
-
(5,000)
-
TSB Local Community Fund
1,096
-
(1,096)
-
-
-
-
Alexander Moncur Trust
-
3,000
-
3,000
-
(400)
2,600
Dundee Bairns
-
-
-
-
225
(225)
-
DCC Community Regeneration Fund
-
-
-
-
1,520
(1,520)
-
Community Response, Recovery and Resilience Fund
768
-
(256)
512
-
(256)
256
Alex Moncur Trust
2,707
-
(2,707)
-
-
-
-
Befriending Network
2,735
-
(2,735)
-
-
-
-
Hillcrest Foundation
-
-
-
-
5,000
(2,496)
2,504
Robertson Trust
-
-
-
-
10,000
(9,290)
710
Tesco Community Grant
-
-
-
-
1,000
(1,000)
-
49,346
21,351
(42,850)
27,847
26,135
(45,536)
8,446
BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15
Restricted funds
(Continued)
- 17 -

Purposes of Restricted Funds:

 

 

Gannochy Trust - This was awarded to contribute towards the One-to-One Befriending project.

 

DCC Common Good Fund - This was awarded to contribute towards Group costs and Sessional Worker salaries.

 

National Lottery Community Fund - This was awarded to contribute towards the salary costs of a Project Worker.

 

DVA - This was awarded to contribute towards the salary costs of a Sessional Worker within the 18-25 BeFriending service.

 

Foundation Scotland - The Champ Trust - This was awarded to contribute towards the cost of rent.

Alexander Moncur Trust - This was awarded to contribute towards the costs of cooking equipment.

Foundation Scotland - This was awarded to contribute towards the cost of running a weekly activities group.

Alexander Moncur Trust - This was awarded to contribute towards the costs of running the Thursday Group.

 

DCC Partnership- This was awarded to contribute towards the Cosy Cafe.

 

DCC- Community Regeneration Fund- This was awarded to contribute towards the Youth club.

 

Hillcrest Foundation- This was awarded to contribute towards the salary of group workers.

 

Robertson Trust- This was awarded to contribute towards the Volunteer Co-ordinator and Volunteer Training Costs.

 

Tesco Community Grant - This was awarded to contribute towards the One-to-one Befriending project.

 

Dundee Volunteer & voluntary action - This was awarded to contribute towards the Communities Mental Health and Wellbeing Fund.

 

BEFRIENDS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
16
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

2024-03-312023-04-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2SC1504112023-04-012024-03-31SC150411bus:Director12023-04-012024-03-31SC150411bus:Director22023-04-012024-03-31SC150411bus:Director32023-04-012024-03-31SC150411bus:Director42023-04-012024-03-31SC150411bus:Director52023-04-012024-03-31SC150411bus:Director62023-04-012024-03-31SC1504112024-03-31SC1504112023-03-31SC1504112022-04-012023-03-31SC150411bus:FRS1022023-04-012024-03-31SC150411bus:IndependentExaminationCharity2023-04-012024-03-31SC150411bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP