REGISTERED NUMBER: NI605705 (Northern Ireland)

Audited Cessation Financial Statements

for the Period

1 November 2024 to 31 December 2025

for

Friends of Charis Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Thomas Patrick Diamond

David Andrew Henry

Marie Louise McHugh

Steven McKay

Kirsty McManus

Clark Rees

Claire Campbell

REGISTERED OFFICE:

163 Lough Fea Road

Ballybreist

Cookstown

Co. Tyrone

BT80 9TU

REGISTERED NUMBER:

NI605705 (Northern Ireland)

AUDITORS:

M.B.McGrady & Co

Chartered Accountants

Statutory Auditors

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

FIXED ASSETS

Tangible assets

4

-

156

CURRENT ASSETS

Debtors

5

1,804

6,345

Cash at bank and in hand

48,237

110,191

50,041

116,536

CREDITORS

Amounts falling due within one year

6

8,703

3,966

NET CURRENT ASSETS

41,338

112,570

TOTAL ASSETS LESS CURRENT LIABILITIES

41,338

112,726

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

41,337

112,725

41,338

112,726

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Marie Louise McHugh - Director

1.	STATUTORY INFORMATION

Friends of Charis Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements - winding up

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) and applicable accounting standards. As explained in Note 8 and in the Directors' Report, the directors determined during the period to cease trading on 31 December 2025 based on challenging trading conditions and difficulties in recruiting sufficient staff and volunteers to operate its shop.

As a result of this decision, the accounts have not been prepared on a going concern basis. Fixed assets are stated at market value based on transactions occurring after the date of the balance sheet or the best available evidence. Current assets and current liabilities are stated at fair value based on amounts received or paid following the date of the balance sheet. No adjustments have been made for future activities or the ongoing operation of the charity.

Significant judgements and estimates

The accounts have been prepared on the winding-up basis as the directors have concluded there is no reasonable basis to continue as a going concern. Fixed assets have been stated at deemed market value based on available evidence, however amounts realised from the future sale of assets may be materially greater than the value presented in these accounts.

Changes in accounting policies

The accounts have been prepared on the winding-up basis. The comparative figures are presented on the going concern basis.

The balance sheet for the period ended 31 December 2025 has been stated at fair value based on transactions concluded subsequent to the date of the balance sheet or on best available evidence of market value. Current assets includes VAT receivable on transactions for goods and services provided to the company up to the date of cessation of trade. No transactions have been recorded as prepaid. Current liabilities include all amounts due and paid to suppliers following the date of the balance sheet which relate to goods and services provided up to 31 December 2025.

There are no changes to accounting policies for income and expenditure.

Impairments to the carrying value of assets are recorded as expenditure on the Income Statement. Liabilities which have been written off are recorded as a reduction of expenditure on the Income Statement.

The current period includes 14 months of transactions to 31 December 2025 whilst the comparative figures show the 12 months to 31 October 2024.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Fixed assets are shown at fair value based on transactions undertaken following the cessation of trade or on best available evidence of market value.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

4,390

31,026

13,800

49,216

Disposals

-

-

(13,800

)

(13,800

)

Impairments

-

(31,026

)

-

(31,026

)

At 31 December 2025

4,390

-

-

4,390

DEPRECIATION

At 1 November 2024

4,390

30,870

13,800

49,060

Eliminated on disposal

-

-

(13,800

)

(13,800

)

Impairments

-

(30,870

)

-

(30,870

)

At 31 December 2025

4,390

-

-

4,390

NET BOOK VALUE

At 31 December 2025

-

-

-

-

At 31 October 2024

-

156

-

156

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/10/24

£

£

Other debtors

-

2,309

VAT

1,804

2,035

Prepayments and accrued income

-

2,001

1,804

6,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/10/24

£

£

Trade creditors

881

2,166

Social security and other taxes

2,244

-

Accruals and deferred income

5,578

1,800

8,703

3,966

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note 9 to the financial statements which explains that the directors have resolved to wind up the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Conaill McGrady (Senior Statutory Auditor)

for and on behalf of M.B.McGrady & Co

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Charis Cancer Care Ltd, an incorporated charity registered in Northern Ireland. The registered office of the parent company is 163 Lough Fea Road, Ballybreist, Cookstown, Co. Tyrone, BT80 9TU.

9.	GOING CONCERN

The accounts have not been prepared on a going concern basis as the directors have resolved to cease trading on 31 December 2025. This decision was taken following a review of the operational sustainability of the company. The accounting basis for the presentation of the balances in these financial statements is detailed in Note 2.