FRIENDS R US LONDON
To provide culturally appropriate social and drama activities for children and young people in the local BME community
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted funds decreased from £68,274 to £40,865 due to total expenditure of £124,570 exceeding total income of £97,161. The trustees confirm that reserves of £40,865 equate to just under six months of running costs, which aligns with their stated policy target of holding 3-6 months of running costs. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future despite the net movement in funds being a deficit of £27,409.
What the accounts disclose
“The trustees aim to hold free realisable reserves equal to 3-6 months, but no more than 12 months, running costs in order to protect services when there are uncertainties as to whether funding will continue and to ensure adequate cashflow for the organisation’s needs.” — page 5
Trustees
- FAIGYE GOLDMAN
- REBECCA KATZ
- ROSE HOFFMAN
- SHANI JUST
- SONIA MOSSBERG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £137k | £171k |
| 31/10/2024 | £97k | £125k |
| 31/10/2023 | £94k | £78k |
| 31/10/2022 | £72k | £73k |
| 31/10/2021 | £50k | £12k |
Common questions
Is FRIENDS R US LONDON financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted funds decreased from £68,274 to £40,865 due to total expenditure of £124,570 exceeding total income of £97,161. The trustees confirm that reserves of £40,865 equate to just under six months of running costs, which aligns with their stated policy target of holding 3-6 months of running costs. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future despite the net movement in funds being a deficit of £27,409. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 23/02/2024 | £20k | Feel the heat |
| The National Lottery Community Fund | 28/10/2010 | £10k | Out and About |
| The National Lottery Community Fund | 10/10/2006 | £10k | Stage Art |