THE FRIENDLY TRUST

Registered charity 1084265 · accounts filings on the Charity Commission register

The Friendly Trust is a registered charity which helps vulnerable adults to manage their money.We provide individuals with accessible information and personalised, practical help to help them increase their financial independence and security and improve the quality of their lives.

Causes: Education/training · Disability · The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income

£775k

Latest spending

£887k

Registered

2000

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net outgoing resource of £114,752, resulting in a decrease in unrestricted funds from £423,599 to £308,847. The trustees note that the charity is operating from a more secure financial footing and is rebuilding reserves in line with their policy target of three months' operational costs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — in the top quarter for charities its size (median £60k)

“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2025 £70,001 - £80,000 1” — page 19

Per its FY2025 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2025 £70,001 - £80,000 1” — page 19

Per its FY2025 accounts as filed with the Charity Commission.

Reserves policy: three months' worth of operational costs (held: £309k)

“The policy of the Charity, which is reviewed at regular intervals, is to aim towards securing sufficient reserves to fund three months' worth of operational costs in order to meet these needs.” — page 6

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Menzies LLP. Discloses 6 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Cardiff Council — “With financial support from Cardiff Council , we were established as a company limited by guarantee in July 1998 and achieved charitable st…” (source page)
Vale of Glamorgan Council — “We’ve received funding from Vale of Glamorgan Council for several years to support people with learning disabilities and unpaid carers in t…” (source page)
Torfaen County Borough Council — “Thanks to funding from Torfaen County Borough Council , we’ve been able to expand our reach and support more people to achieve financial st…” (source page)
Rhondda Cynon Taf County Borough Council — “We are grateful to Rhondda Cynon Taf Council for their continued funding, which has enabled us to support more vulnerable adults and young …” (source page)
Monmouthshire County Council — “We thank Monmouthshire County Council for funding our services for vulnerable individuals, their families, and carers throughout the county…” (source page)
Newport City Council — “Newport City Council is currently funding The Friendly Trust to deliver our services in the area.” (source page)
North Somerset Council — “We are pleased to be working with North Somerset Council , who have supported our work with vulnerable individuals in the region. Their fun…” (source page)
Ceredigion County Council — “Ceredigion County Council has recently commissioned The Friendly Trust to help us deliver services to vulnerable people across the county.” (source page)

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income

£775k

Total spending

£887k

Cost of raising funds

£6k

Reserves (reported)

£309k

Employees

Reported reserves equal ~4.2 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Trustees · trustee networks

Clio Galatea Khan
Fiona Mary Hughes
Ian Vernon Murdoch Cater
Jaime Falarczyk · trustee of 1 other charity
Lawrence Adegoriola Gomez
Owain Phillips Mr
Philip Joseph Boshier
Rupert Philip Cecil Boston

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year end	Income	Spending
31/03/2025	£775k	£887k
31/03/2024	£786k	£877k
31/03/2023	£726k	£670k
31/03/2022	£835k	£578k
31/03/2021	£515k	£535k

Common questions

Is THE FRIENDLY TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net outgoing resource of £114,752, resulting in a decrease in unrestricted funds from £423,599 to £308,847. The trustees note that the charity is operating from a more secure financial footing and is rebuilding reserves in line with their policy target of three months' operational costs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Menzies LLP.

What does the highest-paid employee of THE FRIENDLY TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

Funder	Date	Amount	Purpose
The National Lottery Community Fund	24/11/2010	£250k	My Money My Home
The National Lottery Community Fund	13/12/2005	£100k	There is no project name available for this record

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE CHARIS TRUST	1	£335k
GAS SAFE CHARITY	1	£275k
THE REED FOUNDATION	1	£175k
ROYAL SOCIETY OF WILDLIFE TRUSTS	1	£140k
JOHN ELLERMAN FOUNDATION	1	£110k
THE J J CHARITABLE TRUST	1	£57k
THE MARK LEONARD TRUST	1	£57k
THE AURORA TRUST	1	£55k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FRIENDS TRUSTS LIMITED.

FRIENDS TRUSTS LIMITED income £210k
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST income £271k
MONEY ADVICE TRUST income £21.7m
FAMILY IN TRUST income £146k
THE TEAMWORK TRUST income £1.2m
RENTRUST FOUNDATION LIMITED income £168k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE FRIENDLY TRUST	£775k	£70,001 - £80,000	1	unclear	—	no doubt
FRIENDS TRUSTS LIMITED FY2024	£210k	—	0	within	—	no doubt
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST FY2025	£271k	—	0	above	—	no doubt
MONEY ADVICE TRUST FY2024	£21.7m	£180,000 - £189,999	—	unclear	—	no doubt
FAMILY IN TRUST FY2025	£146k	—	0	above	—	no doubt
THE TEAMWORK TRUST FY2025	£1.2m	—	1	below	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.