SEFTON CHILDRENS TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2024 Chadly reglstration number 1016643
SEFTON CHILDRENS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms C Bennett Ms C Huylon Mrs A Kelly MsELey Ms A Maddocks Mr N Mccaskill Mrs KA Dean-sheekey Ms A Taylor Ms M Gillam Charlty number 1016643 Independent examlner Champion TLL Limited 7-9 Statlon Road Hesketh Bank Preston Lancashire PR4 6SN
SEFTON CHILDRENS TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of financial activitles Balance sheet Notes to Ihe financial statements 7-11
SEFTON CHILDRENS TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5APRIL 2024 The Irustee8 present Ihoir annual report and financ181 statements for the year ended 5 Aprll 2024. Tlie financial stalemenls have been prepared In accordance with the accountlng pollcles set out In note 1 to the financlal statements and comply wllh the charlly's governing document, the Ch8rllie8 Act 2011 and "Accounting and Reporting by Charilie6: Statement of Recommended Pracllce applicable to charitles preparlng Ihelr accounts In accordance with the Flnanclal Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (effecllve 1 January 2019). Objectlves and actlvltle8 The charity aims to provide 8UPPOrt and respite for families experiencing difficulties. The Trustees have consldered the Charity Commls3ion guldance regardlng public benefit and are satisfied Ihat Ihe aclivitias of the Charily, as descrlbed above, meet the necessary crileria. The trustees have paid due regard to guidance issued by the Charity Commisslon in deciding what activities the charily should undertake. Achlevements and performance Sefton Chlldren's Trust (SCT) began in 1984 and is wholly supported by volunteers. We provlde a 3-year educational and recreational programme for up to 72 children aged &12 years from Sefton, who are experlencing difficulties within their own families. Each year we provide a week long summer residentlal 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 dally lives. All clothes, equipment, toiletries and food are provided. During the re8idential experience the children develop confidence and team skllls in a fun environment whllst enjoying Ihe 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 tlme w8 deliver toy and food hampers to the famllies of the children we support, including toys and gifts for any siblings. We also provide a family day early in January with a trlp to cinema (to see a movie and the video of the previous residentlal) and a meal at a local restaurant. Last year 160 family members, K)lunteers and some of our supporters joined us for the Sefton Children's Trust's family fun day.
SEFTON CHILDRENS TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 The trustee who served during Ihe year and up to lh8 date of signalure of Ihe financial statement8 were: Ms C Bennell Mr J Corcoran Mr G Head Ms C Huyton Mrs A Kelly MsEL8y Ms A Maddocks Mr V M8ncuso Mr N Mccaskill Ms L Ramsay Miss G Sandison Mrs K A Dean-sheekey Ms A Taylor Recrultment and appointment of new trustees New Truslees can be appolnted by a resolution of the existing Trustees. Inductlon and tralnlng of new trustees Tralnlng and induction Is provided verbally by exisling Trustees. The trustees, report was approved by the Board of Truslee. Mrs A Kelly Trustee Date: Q ..L..o..:..ao...i¥
SEFTON CHILDRENS TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Treasuror8' roport TaSurea Report Anona would Ilke to th8nk Ihe admlnl8lratlon te8m ol Mel Glllen. Sue OTool8, Pauline W81tho and Cl8lr8 Hllller, Anne Fabb, lan Edwards and a speclal thank you to18n who has done an amazlng Job as our bid wrfler. They have 811 devoted an enonTrou8 amount of tlme behlnd the scene8 lo help me keep our file8 UPttrdate, 80 that they are avallable on Ilne at any tlm8 to the Trustees or Charity Commlssion, to people who have given us flnanclal support and any person who wishe3 to donate to Illustrate what their money will be spent on. To date, apart from our store8, the only assel8 the Trust has are one laptop, one iPad and two printers. Every other expense 18 kept to a minimum as we have no pald staff or premise8 and we all work for Sefton Children's Trust from our own homes. I would also Ilke to thank everyone who donated to our Trust in the last 12 months vla Local Giving. Thls year we have experienced a huge dip in our fundraising and to date we have £18,899.30. As a result of thls drop in donations, we have started a large emergency fund ralsing campaign and l am hopeful the funds will arrive in time for this year's actlvltles. I would now like to step down from being Treasurer and concentrate on fundraising on behalf of Sefton Chlldren's Trust. Mel Co Treasure Anona Treasurer Flnanclal review The total Incoming resources were £41,598 (2023: £50,493). Resources expended were £60,841 (2023: £61,732), giving a deficit of £19,243 (2023: £11,239 deficlt). The balance sheet shows net assets of £15,067 (2023: £34,310). Reserves pollcy The trustees have established a policy whereby Ihe unrestrlcted funds of the charily should be approximately £45,000, being the amount required from grants in order to cover the committed costs of venue hire if one-off granls were not forthcoming and only received amounts from regular donations. The funds at the year end were only £15,067 and the Trustees are looklng to secure extra grants for the coming year to brlng the reserves to a more sustainable level. Rlsk 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, governanc8 and management The charity Is controlled by its conslltutlon adopted on 23 August 1986.
SEFTON CHILDRENS TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEFTON CHILDRENS TRUST I report to the IN8le88 on my exBmlnatlon of the financlal stBlement8 of S8flon Chlldren9 Trust (the charily) fof Ihe year ended 5 Aprll 2024. Responslbllltles and baslg of report A3 the Irustee8 01 Ihe charlty you ar8 responslb18 for the preparatlon of the financlal st8tements In accordance wlth Ihe requlrements of the Charitles Acl 2011 (Ihe 2011 Act). I report In respect of my ex8mlnation of Ihe charlty's flnanclal statements Carried out under section 145 of the 2011 Act. In carrylng out my examlnation I h8ve followed all the appllc8ble Directions glven by the Charity Commission under sectlon 145(5)(b) of tha 2011 Act. Independent examlner's statement Your 8lt8ntion Is drawn to the fact that the charity has prepared financial statements in accordarte with Accounting and Reportlng by Charllle3 preparing Iheir accounts In accordance with Ihe Financial Reporting Standard applicable In the UK and Republlc of Ire18nd (FRS 102) in preference to Ihe Accountlng and Reportlng by Charltles: Statement of Recommended Practice Issued on 1 April 2005 whlch Is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financlal statements to provide a true and falr view In accordance with Generally Accepted Accountlng Practice effective for reporting periods beginnlng on or after 1 January 2015. I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examlnatlon giving me cause to believe that in any material respect: accountlng records were nol kept in respect of the charity as required by section 130 of the 2011 Acl; or the financlal statements do not accord with those records. or 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 malter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinatlon to whlch attention should be drawn in th16 report in order to enable a proper understandlng of the financial statemenls to be reached. Champlon TLL Llmlt8d P Buck FCA, DChA 7-9 station Road Hesketh Bank Preston Lancashire PR4 6SN Dated: ...
SEFTON CHILDRENS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted Unrestrlcted funds funds 2024 2023 Notes Income from: Donations and legacies 41,598 50,493 Total Income 41,598 50,493 Expendlture on: Charitable activitles 60,841 61,732 Total expenditure 60,841 61.732 Net expendlture and movement In funds (19,243) (11,239) Reconclllatlon of funds: Fund balances at 6 April 2023 34,310 45,549 Fund balances at 5 Aprll 2024 15,067 34,310 The statement of financial activities includes 811 gains and losses recognised in the year. All Income and expenditure derive from continuing activitles.
SEFTON CHILDRENS TRUST BALANCE SHEET AS AT5 APRIL 2024 2024 2023 Notes Current asscts Debtors Cash 81 bank and In hand 2,000 13,757 2,000 32,970 15,757 34,970 Credltors: amounts falllng due wlthln one year 10 (690) (660) 15,067 34,310 Net current as8ets Net assets excludlng penslon Ilablllty 15,067 34,310 The funds of the charlty Unrestrlcted funds 15,067 34,310 15,067 34,310 The financlal statements were approved by th8 Iruslee on . q.10 "dE)Jl Mrs A Kelly Trustee
SEFTON CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2024 Accounllng pollcles Charlly Informatlon Sefton Children3 Trusl ig a non Incorporated chanty. 1.1 Accountlng conventlon The financlal st8tem8nts have been prepared in accordance with Ihe charily's governlng document, the Charilies Act 2011, FRS 102 'Th8 Financlal Reporting Standard appllcable in the UK and Republic of Ire18nd' ("FRS 102.) and Ihe Charilles SORP "Accounling and Reporting by Charities: Statement ol Recommended Practlce applicable to charities preparing their accounts in accordance wilh the Flnanclal Reporting Standard 8ppllcable In the UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). The charily Is a Publlc Benefit Entily as defined by FRS 102. The charity ha8 taken advantage of the provisions in the SORP for charltles not to prepare a statent ol Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to Ihe extent requlred 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 Praclice whlch 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 charily. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statenients have been prepared under the historical cost convention, [modified to Include the revaluation of freehold propertles and to include investment properties and certain financial instruments at fair value]. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charily has adequate resources to contlnue in operational exislence for the foreseeable future. Thus the trLtstees continue to adopt the going concern basis of accounting In preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of th8 trustees In furtherance of their charitable objectives. Restricted funds are subject to specific condition3 by donors or grantors as to how they may be used. The purposes and uses of the re8tricted funds are set out In the notes to the financlal statements. Endowment funds are subject to specific conditions by donors that the c8Pltal must be malntained by the charity. 1.4 Income Income is recognised when the charily is legally entltled to It after any performance conditions have been met, the amounts can be measured reliably, and It is probable that incom8 will be received. Cash donatlons are recognised on receipt. Other donations are recognised once the charily has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Ald or deeds of covenant is recognlsed at the time of the donation. Legacies are recognlsed on receipt or olherwise 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.
SEFTON CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 (Contlnued) Accountlno pollcleg 1.5 Expendlture Expendlture18 recognls8d once there18 a18gal or constructive obligatlon to tr8nsfer 8conomlc benefit 10 8 Ihlrd party,11 18 probabla that 8 Irangfer of economic beneflls 11 be required In s8lllement, and the amounl ol the obllgatlon can be me8Bur8d rellably. Expendllure 18 cla38ified by actlvity. The costs of each activity ar8 made up of Ihe lot81 of (fir1 costs and shared costs, including 8UPPOrt costs involved in undertaklng each activlty. Direct costs 81irlbutable lo a single activlly are allocated dlrectly to that activlty. Shared costs whlch contribute lo more than one 8ctivlty and support C03t9 whlch are not altributable to 8 slngle aclivily 8re apportloned between those actlvlties on a ba8lS consistent wllh the use of resource8. Central Staff cost8 are allocated on the basis of time spent, and depreclatlon charges are allocated on the portion of the asset's use. Derecognllion of flnanclal Ilabllltles Financlal li8bllities are derecognlsed when the charity's contractual obllgations expire or are discharged or cancelled. Donatlons and legacles Unrestrlcted Unreslricled funds funds general general 2024 2023 14,493 27,105 11,993 38,500 Donations and gifts Grants 41,598 50.493 Grants recelvable for core actlvltlos Community Link Foundation The 1970 Trust Rathbone Investment Management Steve Morgan Foundatlon BBC Children In Need Trusthouse Charitable Foundatlon Duchy of Lancaster Other 1,105 2,000 1,000 3,000 20,000 1,000 2,000 1,000 10,500 10.000 5,000 9,000 27,105 38.500
SEFTON CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expendlluro on charltable acllvltlos Resplte for Resplte for famlllles famlllles 2024 2023 Dlrect costs Insurance Postage and stationery Residential aclivily and trips General expenses and donations Equipment and repairs Bank charges 2,673 618 52,164 4,235 394 67 2,644 1,294 48,341 6,300 2.419 74 60,151 61,072 Share of support and governance costs (see note 4) Governance 690 660 60,841 61.732 Analysls by fund Unrestricted funds 60,841 61,732 Support costs Support Governance costs costs 2024Support costs Governance cosls 2023 Independent examination fees 690 690 660 660 690 690 660 660 Analysed between Charitable activities 690 690 660 660 Net movement In funds 2024 2023 The net movement In funds is stated after charglngl(credltlng): Fees payable for the independent examinatlon of the charily's financial slatements 690 660
SEFTON CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Trugtoes None of Iho trustee• (or 8ny per8on8 conrtecled wllh Ihem) recelved any remuner8tlon or ben8flts from Ihe charlty durlng y88r. Employees 2024 Number 2023 Number Total There were no employees whose annual remuneratlon was more than £60,000. Remuneratlon of key managoment porsonnel The remuneralion of key management personnel was as follows: Taxallon The charity is exempt from taxation on its activities because all Ils Income is applied for charitable purposes. Debtors 2024 2023 Amounts falllng due wlthln on8 year: Prepayments and accrued income 2,000 2,000 10 Credltors: amounts falllng due wlthln one year 2024 2023 690 660 Accruals and deferred income 11 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are not subject to speciflc conditions by donors and grantors as to how they may be used. These include deslgnated funds which have been set aside out of unrestrlcted funds by the truslees for specific purposes. At 6 Aprll Incomlng Resources At S Aprll 2023 resources expended 2024 General funds 34,310 41,598 (60,841) 15,067 10-
SEFTON CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Unrestrlcted funds (Contlnued.) Prevlous year: At 6 Aprll 2022 Incomlng Resources resources expended At 6 Aprll 2023 General funds 45,549 50,493 (61,732) 34.310 12 Related party transactlons There were no disclosable related party transactlons during the year (2023 - none). 11