THE FRIENDLY TRUST

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.7%

  £774,460 → £769,248

• Cash

  -48.7%

  £104,512 → £53,566

• Net assets

  -27.1%

  £423,599 → £308,847

• Employees

  -12%

  25 → 22

• Wages

  -0.6%

  £651,421 → £647,753

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “In January, we implemented CasparGov by Plianz to manage all Service User caseloads. This transformative upgrade was made possible thanks to a generous grant from the Moondance Foundation.”
• “We also secured National Lottery funding to deliver a Dementia Awareness Project across South Wales.”
• “In 2025, we successfully renewed our Cyber Essentials accreditation.”
• “We were proud to secure a new contract with Cardiff Council, increasing our support capacity by 20% to serve 300 Service Users.”
• “We began a new partnership with Ceredigion Local Authority to extend our services to vulnerable adults in that region.”
• “We also welcomed eight new Trustees to our Board in 2025.”
• “A prior year adjustment of £82,606.50 has been made as it was previously understood that council funding was received quarterly in arrears.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.