Many thanks lindhale. I'm not sure that my friend wants to publish their tree online - whether publicly or privately, though I agree about having it backed up.
I can export the gedcom from FTM V5 and import the gedcom to FTM 2014 - I had hoped that FTM 2014 would read the FTMV5 file directly.
I don't know that they have any pictures connected to their file.
Many thanks again for the tips.