**Charity registration number 1016643** ## **SEFTON CHILDRENS TRUST** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 5 APRIL 2022** ## **SEFTON CHILDRENS TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustee**|Ms C Bennett| |---|---| ||Mr J Corcoran| ||Mr G Head| ||Ms C Huyton| ||Mrs A Kelly| ||Ms E Ley| ||Ms A Maddocks| ||Mr V Mancuso| ||Mr N McCaskill| ||Ms L Ramsay| ||Miss G Sandison| ||Mrs K A Dean-Sheekey| ||Ms A Taylor| |**Charity number**|1016643| |**Independent examiner**|Champion TLL Limited| ||7-9 Station Road| ||Hesketh Bank| ||Preston| ||Lancashire| ||PR4 6SN| ## **SEFTON CHILDRENS TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 - 10| ## **SEFTON CHILDRENS TRUST** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 5 APRIL 2022**_ The trustee present their annual report and financial statements for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ). ## **Objectives and activities** The charity aims to provide support and respite for families experiencing difficulties. The Trustees have considered the Charity Commission guidance regarding public benefit and are satisfied that the activities of the Charity, as described above, meet the necessary criteria. The trustee have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** Sefton Children's Trust (SCT) began in 1984 and is wholly supported by volunteers. We provide a 3-year educational and recreational programme for up to 72 children aged 8-12 years from Sefton, who are experiencing difficulties within their own families. Each year we provide a week long summer residential experience, enjoyed for the last few years at Manor Adventure in Shropshire. For most children this is not only their sole experience of a holiday but also a respite from their often difficult daily lives. All clothes, equipment, toiletries and food are provided. During the residential experience the children develop confidence and team skills in a fun environment whilst enjoying the experience of being a young person. For many it is the first time they experience the opportunity to make choices and to discover talents where they can shine by being encouraged to achieve personal goals. At Christmas time we deliver toy and food hampers to the families of the children we support, including toys and gifts for any siblings. We also provide a family day early in January with a trip to cinema (to see a movie and the video of the previous residential) and a meal at a local restaurant. Last year 160 family members, volunteers and some of our supporters joined us for the Sefton Children's Trust's family fun day. - 1 - ## **SEFTON CHILDRENS TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_ ## **Treasurer's report** Anona would like to thank the administration team of Sue O'Toole, Pauline Waltho and Ann Fabb, and a special thank you to Fran Ryan who has done an amazing job as our bid writer and managed to secure 3 years of £10000 per year from the Lottery, which is a fantastic achievement. The Trustees have all devoted an enormous amount of time behind the scenes to help me keep our files up-to-date, so that they are available on line at any time to interested bodies, the Charity Commission, to people who have given us financial support and any person who wishes to donate to illustrate what their money will be spent on. To date, apart from our stores, the only asset the Trust has is a laptop. Every other expense is kept to a minimum as we have no paid staff or premises and we all work for Sefton Children's Trust from our own homes. Our group is registered to claim Gift Aid and I would like to thank everyone who donated to our Trust in the last 12 months via LocalGiving. To date we have £47,484.80 in the bank as a result of not having a 2020 and 2021, we provided food vouchers for our families and high-quality presents at Christmas. This year plan we provided weekly activities for our families to enjoy which cost £30,000 for these activities. Our goal is to have a reserve of £45,000, this would enable us to keep some money aside 'for a rainy day', in our case for next year's residential to help in protecting our Trust during difficult times. I would like to thank everyone for their support with applying for grants and gift aid and ask that they offer me the same support this year. I can in my role as overseeing the group's finances, confirm that we always spend funds for the charitable purpose that they have been raised for and this is evidenced via our ongoing open and transparent accounting, both past and present. When requested, I will provide relevant information such as the amount of funds in hand, where those funds came from and how they were spent. Anona Kelly TreasurerTreasurer's report ## **Financial review** The total incoming resources were £25,109 (2021: £27,431). Resources expended were £26,985 (2021: £11,648), giving a deficit of £1,876 (2021: £15,783 surplus). The balance sheet shows net assets of £45,549 (2021: £47,425). ## **Reserves policy** The trustees have established a policy whereby the unrestricted funds of the charity should be approximately £30,000, being the amount required from grants (approximately 50% of pre - covid income) in order to cover the committed costs of venue hire if one-off grants were not forthcoming and only received amounts from regular donations. ## **Risk management** The trustees have a duty it identify and review the risks to which the charity is exposed and to ensure the appropriate controls are in place to provide reasonable assurance against fraud and error. ## **Structure, governance and management** The charity is controlled by its constitution adopted on 23 August 1986. - 2 - ## **SEFTON CHILDRENS TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_ The trustee who served during the year and up to the date of signature of the financial statements were: Ms C Bennett Mr J Corcoran Mr G Head Ms C Huyton Mrs A Kelly Ms E Ley Ms A Maddocks Mr V Mancuso Mr N McCaskill Ms L Ramsay Miss G Sandison Mrs K A Dean-Sheekey Ms A Taylor ## **Recruitment and appointment of new trustees** New Trustees can be appointed by a resolution of the existing Trustees. ## **Induction and training of new trustees** Training and induction is provided verbally by existing Trustees. The trustees' r eport was approved by the Board of Trustee. .............................. Mrs A Kelly ## **Trustee** Date: ............................................. - 3 - ## **SEFTON CHILDRENS TRUST** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF SEFTON CHILDRENS TRUST** I report to the trustee on my examination of the financial statements of Sefton Childrens Trust (the charity) for the year ended 5 April 2022. ## **Responsibilities and basis of report** As the trustee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Champion TLL Limited** ## **P Buck FCA, DChA** 7-9 Station Road Hesketh Bank Preston Lancashire PR4 6SN Dated: ......................... - 4 - ## **SEFTON CHILDRENS TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2022**_ |||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2022**|**2021**| ||**Notes**|
**£**|**£**| |**Income from:**|||| |Donations and legacies|**2**|25,109|27,431| |**Expenditure on:**|||| |Respite for famillies|**3**|26,985|11,648| |**Net (expenditure)/income for the year/**|||| |**Net movement in funds**||(1,876)|15,783| |Fund balances at 6 April 2021||47,425|31,642| |**Fund balances at 5 April 2022**||45,549|47,425| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - ## **SEFTON CHILDRENS TRUST** ## **BALANCE SHEET** ## _**AS AT 5 APRIL 2022**_ |**Notes**
**Current assets**
Debtors
**7**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**8**
Net current assets
**Income funds**
Unrestricted funds - general|**2022**
**£**
-
46,149
46,149
(600)|**£**
45,549
45,549
45,549|**2021**
**£**
2,000
46,025
48,025
(600)|**£**
47,425
47,425
47,425| |---|---|---|---|---| The financial statements were approved by the Trustee on ......................... .............................. Mrs A Kelly **Trustee** - 6 - ## **SEFTON CHILDRENS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2022**_ ## **1 Accounting policies** ## **Charity information** Sefton Childrens Trust is a non incorporated charity. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustee in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. - 7 - ## **SEFTON CHILDRENS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_ ## **1 Accounting policies** **(Continued)** Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled. ## **2 Donations and legacies** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2022**|2021| ||**£**|£| |Donations and gifts|16,501|6,431| |Grants|8,608|21,000| ||25,109|27,431| - 8 - ## **SEFTON CHILDRENS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_ ## **3 Respite for famillies** |Insurance
Postage and stationery
Residential activity and trips
General expenses and donations
Equipment and repairs
Bank charges
Share of governance costs (see note 4)
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent
examination fees
-
600
-
600
Analysed between
Charitable activities
-
600|**Respite for**
**famillies**
**Respite for**
**famillies**
**2022**
**2021**
**£**
**£**
2,601
2,555
866
512
12,200
322
10,004
7,129
690
530
24
-
26,385
11,048
600
600
26,985
11,648
**2022**
Support
costs
Governance
costs
2021
**£**
£
£
£
600
-
600
600
600
-
600
600
600
-
600
600| |---|---| ## **4 Support costs** ## **5 Trustee** None of the trustee (or any persons connected with them) received any remuneration or benefits from the charity during the year. ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| |Total|-|-| - 9 - ## **SEFTON CHILDRENS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_ |**7**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**8**
**Creditors: amounts falling due within one year**
Accruals and deferred income
**9**
**Related party transactions**|**2022**
**£**
-
**2022**
**£**
600|**2021**
**£**
2,000
**2021**
**£**
600| |---|---|---| There were no disclosable related party transactions during the year (2021 - none) . - 10 -