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.

Objects

THE RELIEF OF VULNERABLE PEOPLE BY THE PROVISION OF ADVICE AND ASSISTANCES TO SUCH PERSONS, THEIR CARERS AND FAMILY MEMBERS IN THE MANAGEMENT OF THEIR INCOME, CURRENT ASSETS AND FUTURE INHERITED RESOURCES

Area of benefit: NOT SPECIFIED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

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

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

In its annual return the charity told the Commission it is also regulated by: Financial Conduct Authority. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints handling
• Complaints policy and procedures
• Conflicting interests
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Investing charity funds policy and procedures
• Investment
• Paying staff
• Risk management
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures
• Volunteer management

Corporate structure

• Registered company of the charity Companies House 03608297

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)

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

• CATER, Ian Vernon Murdoch — director, appointed 11/09/2025on trustee list
• GOMEZ, Lawrence Adegoriola — director, appointed 10/07/2025on trustee list
• KHAN, Clio Galatea — director, appointed 13/03/2025on trustee list
• HUGHES, Fiona Mary — director, appointed 14/01/2025on trustee list
• BOSTON, Rupert Philip Cecil — director, appointed 14/01/2025on trustee list
• FALARCZYK, Jaime — director, appointed 14/01/2025on trustee list
• PHILLIPS, Owain — director, appointed 12/01/2021on trustee list
• BOSHIER, Philip Joseph — director, appointed 20/02/2017on trustee list
• JOYCE, Darren — secretary, appointed 14/08/2023

Official officers record.

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)

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

Per its annual return, largest income source: Charitable activities (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.8% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

• Clio Galatea Khan
• Fiona Mary Hughes
• Ian Vernon Murdoch Cater
• Jaime Falarczyk
• 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

Common questions

Government & lottery funding

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

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.

Charities like this

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

• FRIENDS TRUSTS LIMITED income £230k
• FRIENDS OF BIRMINGHAM CHILDREN'S TRUST income £271k
• MONEY ADVICE TRUST income £19.9m
• FAMILY IN TRUST income £146k
• THE TEAMWORK TRUST income £1.2m
• RENTRUST FOUNDATION LIMITED income £168k

Side by side with its peers

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