FRIENDS FIRST

Company limited by guarantee

Company Registration Number:
04402061 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

FRIENDS FIRST

Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors report
Profit and loss
Balance sheet
Additional notes

FRIENDS FIRST

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Principal activities of the company

Friends First Trust aims to contribute toward: reducing long-term unemployment reducing homelessness reducing social isolation increasing the provision of safe supportive housing Friends First also works with socially minded property investors, enabling Friends First beneficiaries access to secure and affordable accommodation. The accommodation Friends First have available includes: short stay and emergency accommodation, shared housing and lodgings in the local community. Friends First provides intensive personal support for beneficiaries to assist them in gaining momentum and achieving independent living. Alongside this Friends First recruit, screen, and train volunteer mentors and befrienders to come alongside beneficiaries living in their local communities. The charity also has access to counselling referral and regularly works alongside and signposts to other like-minded agencies in the city.

Political and charitable donations

The Statement of Financial Activities on page 7 shows total incoming resources of £132,053. The charitable company has funded a variety of projects and activities, which are in line with its stated objectives. The level of activity for the year was satisfactory. There was a small deficit for the year of £427. At the end of the year the funds of the charity were in surplus by £50,506. The trustees of Clarendon Trust Ltd have indicated that they will provide ongoing financial support for at least 12 months from the date of this report.



Directors

The directors shown below have held office during the whole of the period from
1 September 2024 to 31 August 2025

A Bateman
 W Bigwood
 N de Freese
 A Knight
 M Sibanda
 J Waller

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 March 2026

And signed on behalf of the board by:
Name: W Bigwood
Status: Director

FRIENDS FIRST

Profit And Loss Account

for the Period Ended 31 August 2025

2025 2024


£
£
Turnover: 132,053 128,660
Cost of sales: ( 132,480 ) ( 133,605 )
Gross profit(or loss): (427) (4,945)
Operating profit(or loss): (427) (4,945)
Profit(or loss) before tax: (427) (4,945)
Profit(or loss) for the financial year: (427) (4,945)

FRIENDS FIRST

Balance sheet

As at 31 August 2025

Notes 2025 2024


£
£
Current assets
Cash at bank and in hand: 50,506 50,933
Total current assets: 50,506 50,933
Net current assets (liabilities): 50,506 50,933
Total assets less current liabilities: 50,506 50,933
Total net assets (liabilities): 50,506 50,933
Members' funds
Profit and loss account: 50,506 50,933
Total members' funds: 50,506 50,933

The notes form part of these financial statements

FRIENDS FIRST

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 March 2026
and signed on behalf of the board by:

Name: W Bigwood
Status: Director

The notes form part of these financial statements

FRIENDS FIRST

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FRIENDS FIRST

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2