REGISTERED COMPANY NUMBER: 02926446 (England and Walès) REGISTERED CHARITY NUMBER: 1040419 SC042910 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2024 FOR CHILD BEREAVEMENT UK (A COMPANY LIMITED BY GUARANTEE) Seymour Taylor Llmited. Ststutory Audltor First Floor North 40 Oxford Road Hlgh Wycombe Bu¢kinghamshlre HP112EE
CHILD BEREAVEMENT UK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Chalrnian's Report Report of the Trustees Report of the Independent Audltors 10 to 12 statement of Flnanclal Actlvltles 13 Balance Sheet 14 Cash Flow Statement 15 Notes to the Cash Flow Statement Notes to thè Flnanclal Statements 17 to 31
CHILD BEREAVEMENT UK CHAIR'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The financlal year to end of August 2024 was challengirvJ for Chlld Bereavement UK. A comblnatlon of the overall macfo environm8nt, affecting most charilles Sn the sector, coupled with partlcular mlcro factors, resulted in the perfect stom) of a fall In Income and an Intrease In costs. Our Income fell to £3.4m from £3.8m the lo three fundamental reasons. Flrsuy, the fundralslng envlronment has been and conunues to be morè challenglffj than previous years with the costthof-llvlng crisls maklng potentlal dorK)rs thlnk carefulty aboui thelr discrellonary and charitable spendlng. Secondly. there has been a reduction in govemment grants to the charitable sector. Flnally a dOrr who had formally commltted £1 m over three years, reneged on their payments after the flrst tranche of £330k. Thls led to a slgnfficant gap In our antKlpated Iorne for Iha 202314 and 202415 vthlch we are ncw tackllng. At the same time as incorne falling. our cost base rose from £3.9m to £4.4m. The Board of Twstees had agreed to invest in the bereavement seNlces team lo Increase the number of praditlonwts In order lo reduce waitmg lists as w811 as expandlng our geographlc f(#)tprinl withln the UK. Additionalty, high Infiatlon meant all costs increased over the last Iwelve montr and Ihls has been exacerbated post yaar end by the Govemmenvs decision to incraase employer Nl wlth no concesslons to the charltable sector. Our loss this year is £0.8m whlch, even wlth our healthy balance sheec b an unsustalnable deficft should It recur long tenn. The Board of Trustees, wlth regret. authorBed a ¢osi redu¢tk•n programm8 In September 2024 to larget a £0.6m annuallsed cost reducUon. Unforiunatety, we know that thls will result In some raduclion to service provlslon. arxl we are dotry evthything we can to minlmis8 Its Impact. We have been inv8Sting for nry years kn dlvers6fying income streaffts and that process will contlnue. Corporate and challenges Income streams Perf well. and we have Invested thls year In developlng an individual gwing strategy whkh wal dellver a recurrent irthme channel in the long tenn. We will remain fo(xtsed. pwposo Is to help as ffony famllles as posslble. In this year 3,188 Indlviduals recelved orvJolng dir&t supwt, our Helpline resporKled to 8.108 contscts arKI we tralned 12,773 professionals, an increase of 22% on th8 prevlous year. Webslle vlslts Inueased by 5% and our followlng on social media has exceed 72,000. an Increase in the year of 7% ¥th our soclal medla posts reachlng more than 6 milllon people, and we have continued to develop highquality fi• tralnlThJ and create awar winning digital resources. We are proud to have estsblished a new bereavament seThk8 In Blmilngham to meet previousty unrnet need. The commlthient of our teams Is Insplring yet we have so much more to do. Sadty. in September 2024 sald farewell to Ann Chalmws MBE rellred after than Iwo decades as our CEO and dld so much to lead and grow the charity in that perknd. We have welcomed Nlcola Gllham as our Head of Charity while we seek a fu1141me replacement for Ann. Nicola served as a trustee for the last fourteen years and has worked ckw wth many of our team Whi adIng the Rlsk and Govemanca Board SU0MMittee. In closing, I must thank those IuSandS of supporters wh) do so much to help us. and our wonderful voluntaers. I would also tlke to pay tribut8 to the amazlng tsam at Child Bereavemenl UK. all of whom continue to work incredbly hard to ensure we can COthinu8 to provKI8 beraavement support to as fflany lamilies as pctssibl8 and tralnlng to as many professiorhqls as we can. Thank you. Alexand Chalr Fitrgibbons Pagè 2
CHILD BEREAVEMENT UK {REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Royal Patron HRH Tr pr5 of Wales The Hon. J Samuel M8E Msc Snr Acc. MBACP Founder Patro Trustees •Ar PJexander Fltrglbbons (Chalr) IAS Loma IrelarKI Ms Therese Mayhthv Ms Deborah A Eaton KC fvlrs Nicola Gllham BA FCA (Vlce Chalr) Mr firn Manasseh Mrs Kristen S Weklon IAr Peter West Ms Shareen JivraFVwanl (R8slgn8d 6 Novembw 2024) (Appointed 24 July 2024) (Appolnted 24 July 2024) Company Secretary Mr Jaft lfjeran Cronln 8Com. FW MCT Chlef Executlve Mfs AM Chalmers MBE LLB ACA (Reslgned 17 September 2024) Head of Charlty Mrs Nk4)la Gilham BA FCA (Appolnted 6 November 2024) Reglstered Offlce Unlt B. Knaves Beech Way Louthwater Hlgh Wycombè Bucklnghamslwe HP10 9QY Bankers Uoyds Prfvale 8anktrg Llmlled Maylatr Branch 21-23 Hlll Street LorKlon W1J&lW Audttor Seynw Taykx uffted First Floor North 40 Oxford Road High Wycombe Bucklrvahaffhtre HP112EE Regtstered company number 02926446 Reglstered charlty nufflr England and Wales 1040419 Scotland SC042910 Page 2
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees, who are 8180 the dkethrs of Chlld Bweavement UK (the charitabl8 companylthe Charity) for the purposes of company law, have pleasure In preseIng thetr reFrf which Incorporates th8 report of the directors for the purposes ol conyry law. and the accounts for the year erKl8d 31 August 2024. STrUCTUR& GOVERNANCE AND MANAGEMEKr The Charlty Is govemed by Its Memorandum and Articles of Association as a Company. llmlted by guarantee and regtstered In England and Wales. and Is reglsthd as a charity tx)th In England & Wales a1 Scouand. New Trustses are recrulted on the bas58 ol thelr skllls. experience and Wential contribulk)n10 tha govemance of the Charlty, and are appolnted lor an agreed length of Ilme. subject to any applicable conslttutlonal or Statuiory provlslons relatlng to electEon arKI re-election. New Ttusiees receive a comprehenslve Inductlon: those attendlng tralnlng dlssemlnate Ihelr leaMS to Oth5. and roles. responslbllllles and su1COmMIttee membershlp are ftjrrnalty revl8wed al Ihe annual Board strategy and planning day. Board effectlveness and composltlon. as well as tho reappolntmenl of any Trustee after the exptry of thetr term of offlce. Is sub]ect lo revlew In Ilne wlth the prlnclples of the Code of Governance for larg8r charilies. The Truslees recognlse the beneflts of dlverde leadershlp and are commltted to advancing equality of opportunlty across the organlsatlon. Strategk dlrectlon and pollcy are approved by the Board of TnASte8s In consultallon wtth the Chlef Ex8CUtlve; the exe¢ullon ol the strateglc plan Is delegated to the Chlef Ex8Gullve and Senlor Management Team. wlth progress monltored at quarterty Board meellngs and agalnst an annual budgel. All polkles are regularty revlffwed and updated as requlred. Relalnlng the expertlse of key staff vttal lo the success of the Charitls operatlons. Th? Charlty Is commltted to paylng the Ilvlng wag8 and to equal pay, and alms lo ensure that salarles reflect th8 knowledge, skllls, responslbllltles and personal competencbs requlred for the sall8faclory performance of each rol8, and remaln compelluve wllh reference to Sector pay suiv8y8. Pay Is revlewed annualty. and any Increases approved by the Human Resources & Remuneratlon CommSttee. Tr Chief EXOtIVe and Senlor Managemant Team are Subject to the same remunerallon potlclos as 811 other employ88S. The Charty Is a membw of the FurKlralslng Regulalor and en8ure8 that all fundralsing acttvlty Is compllanl wlth the Code ol Fundralslng Practlce. DurSrvJ tho year under r8vl8w the Charlty recelved no complalnts In relatlon lo Its fundraEslng practlces (2023: no complalnts). Rlsk pollcy The Ttee$ have Identlfied aThl assessed the major strateglc aNI opwatlonal rfsks Ihat mlght lace the Charlty and Impact on Its ablllty lo fun#ion In pursuil of its charflable objecdves. IrKludlng financlal rfsks relaled to the ongolng Impact of the cost of Ilvlng crlsls and cyber security risks. Whllst the Tte88 are confidenl that the Charlty has adequate control procedures In place to mlugate and manage the major risks to whlch it Is exposed. Its Rlsk & Governance sul>commlttee regularly revi8vrJ the Chaiivs Rlsk Regtster and reports twlce a year to the Board. Publlc ben•fft The Trustees have referred to the 9uhJance conlalned In the Charlty Commlssion's 98ner81 guldance on publlc benefft when revlewlng the obJ8clfves ol the Charlty and in plannlrvJ futwe activlues. Dlvarslty Chlld Bereavement UK Is commltted to fo8t8rlng an Incluslve environm8nL based on falmess. resp8ct for dlfference, the ellmlnatlon of dEscrlmlnatlon and the promtk)n of equal opportunlty In dellverlng Its servlce8 and In relaOn to those 11 ernploys. The Charlty will work to improve representatlon of currentty under- represented groups at all levels across ts organlsatlon, ensurfng sVIceS are accesslble. approprfats and dellvered falrty lo all awdlrvJ to nead, and 8ngaglng and retslnlng diverse talent In Its employee group and Board of Tru8tees. Page 3
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 AUGUST 2024 To thls end the Charlty wlll ensure that: ft Implements Ihe equallty, diversity and incluslon prlnclple of the Code of Govemance for larger charltles; 11 takes posltlve actlon to ensure that equality. diverslty and Incluslon Is embedded In Its culture,. all tho86 In contact wlth tha Charity In whatever capaclty (including as a sefvke user, employee or volunleer) are respecled and valued: Its servlces are accesslble to all experlenclng or working wlth chlld b8reavement; It regularly monltors progress and works to enhance represgnlallon In areas whefe It could Improve. In the year under r8vlew, the Charltvs Equlty. Dfverslty and Incluslon group. wfth voluntary partlclpatlon from across Its staff team and support at both S8nlor Managemenl Team and Board level, has contlnued wlth Its 'Lefs lalk about.. ' Inltlatlve wlth the alm of ralslng awareness Increaslng Inclu81on 8cr06S the organlsatlon to help better support colleagues and represent th• familles and organlsallons we work vAlh arKI support. Vlslon and Ml88lon Our vlslon Is lor all famlll88 to have the support they need to rebulld thelr lfves, when a chlld grleve8 or when a chlld dles. Our mlsslon18 lo tsckle the Inequalllles that exlst In the avallablllty, accesslblllty and quallty of bereavemenl 8UPPOrt and tralnlng across the UK and to bulld capa¢lty wlthln communllles to manage the Impact of chlld bereavement. Strat•glc obJ•ctlves The Charlty8 strategy alms to ensur8 that adufts and chlldren acros8 the UK experl8ndng the devastatlon of chlld bereavement are supported to rebuild thelr Ilves. Key to Ihts In the ongolng challenglng financlal cllmate Is malntalnlng Its organlsallonal resilience and sustalnablllty. so Ihat the Charlty can contlnue to svovld8 hlgh quallty support to l)olh grfevlng lamilias arKI the professlonals who care for them, and 8Stabll8h the envlronment wlthln whlch It can contlnu8 to furth8r d8v8lop and grow Its servlc88 In respon88 lo emerglng needs. The Charlvs strateglc plan focuses on two key areas: 1. AS to support lor grf8vlng chlldren, young people. parents and carer8 and fam11188, and the prof8881ona18 who care for them. 2. Acc88S to hlgh4allbre bereavement tralnlng. Achlevemant and parforniance Chlld Bereavement UK18 Indebted tolts 8taff and voluntser8 who have enabled the provlslon of hlghquallty 8ervlc88. 1. Supportlng Famlll•s Th8 year u18r revtew has seen a su8taln8d increase in demand for the Charltys seNlce8. Th8 Charitycontlnued to offerfree ongolng digital bereavemenl support to IndMdua18. couples. chlldren. young people and famllles vla telephone, vkleo and Inslanl Messenger, as well as malntalnlng the provlslon of face to-face support from a number of locations. The Charity has seen a conslstent demand lor a blended swvice dellvery model with beneficlaries accesslng support remotely and face to face. Mlndful of those who may be affected ty the Increased cost of Ilvlng, the Charlty continues to supporl a 8ursary Fund to asslst famlues wlth travel and other essenllal costs to able Ihem to attend support sesslons. Page 4
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Charltys practttloners Supped 3,188 Indmduals Includlng chiklren, young people and adults wl recefved ongolng dlrect supwt. In providing our offer of support to Olh8r $8Ctrws wlth the contlnued alm of upskllllng as many professlonals and organEsations as possible to increase the reach of bereavement support to famllles In all reglon5. we made 1,406 calls (c. 400 more calls than the previous year) to schools and olher professlonals Involved wlth bereaved families over th8 year. Th6 Chari$ grp support programmes contlnued wlth over 554 attendances across the year. reduciThJ Isolation and provldlng chlklren. young people, parents and lamllles wlth the opportunlty to build new nelworks. This was in addition to the support offered vla the Charltys Helpllne. Llv8 Chat and email supp(Nt sents. Its Helpllne responded to 8.108 contscts from both faffllly members and professionals. Feedback from our Famlty SuNey 2023r2024 was completed by 143 famlllas. and our H8lplln8 SuNey whlch was completed by 113 users. was extremely posilive: 96% were more able to manage th8Sr grfef 91% were more able to manage thelr feellngs 85% were more able to share fe81ings wlth oth•r8 85% had a greater uNlerstanding of grlef 99% would recommend th8 service to other8 94% of users of ¢Mf Helplin8 sald thelr needs wwe mot Durlng the year. the Charfty *Kread Its capadty to wovld8 8UPPOrt for bergaved famllles In Blrmlngham, provldlng both a facewtowface and reIrle servIt0 Indlvlduals. From nexl year thls servlce wlll b8 SUPPOrted wlth fvndlng from the Nattonal Lottery. The ChariV8 work In Scotland contlnued lo pn)vlde support for famllles from across the county frorn Its central base In GlasgThv and supped both famllles and professlonals through the Charws ho8plta14)a8ed bereav8ment service. commlssbned by NHS Greater Gla8W)w and Ctyde and generously lunded ty the Glasgcm Chlldren's Hospltal Charlty. Estsbllshlng collaboratlve parlnershlps and brfnglng the volce of bereaved famili88 to Inltlaoves of naljonal slgnlnGanc? and research have conllnued to be key aspects of the Charws work. This has included fadlllatlng a nauonal conference Introduclng a toolklt for wofesslonals In relaOn to the Child Death Revlew Process wllh 124 wofesslonals atlending, and conllnued worklng wlth NHS Wales as part of a group 8upporUng the development and Implementation of a natlonal bereavement pathway arKI conslstent offer for bereaved chlldren and young people In Wal88. The Charlty has also contlnued to support the work of the Ockenden Matemlty Revlew. The Charlty ntInUed Its representalbon on th8 Advl%>ry Panel of the Chlldhood Ber8av8m8nt Network and malntalned actlve membershlp of sector groups Includlng the Nallonal Bereavement Alllance. Pregnancy & Baby Charities Netrwork, Support ats Sulckle Partnership and a numbw of All Party Parllamentary Groups. 2. Educatlng and Supportlng Prof•sslonal• The Charftys edUtIon and SW of wof888K)nals auoss the statutory. voluntary and corporate sector8, through a blended dellvery model combinlrKJ facfrttrtsce and onllne courses. continued to be much In demand wlth 1.014 tralnlng sesslons delNered wovkllng 12,773 wofesslonals wlth vamu8 bereavement support tralnlng In the year under revlew, an SnL¥ease of 22% on the prevlous year. Our work in educatlon conllnued lo w(0t8 resilience and wellbelng for bereaved pupils and students We tralned 2,769 educatlon professbnals We facllltated 10 face•tO•face 'Stralegles to support bereaved pupils. workshops Including in Inverness, Newcastle, Liverpool. Blmlngham, London and Edinburgh We ran 8ereaveffk8nt Support Tr81nlng sesslons for staff at 40 schools Ouronlina resources for schoots. created in collaboration wilh London Grfd for Leamlng. receN8d over 100.000 page vlews, with the addition of a new resource thls year to support puplls wlth SENO The Charity continued to offer bereavement tralnlng on a wlde range of t0pS across Its programme of Scheduled workslK)P8. weblnars and 'Lunoh arKI L&am' s8sslons. as w811 as dellveTlng bespoke sesslons speclficalty dovlsed io meet the needs of a div8rs8 ratvJe of organlsatlons Includlng Hop8 House Hospke. Page 5
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEE8 FOR TrIE YEAR ENDED 31 AUGUST 2024 Slarlight, Royal Berkshlre Emergerw Departmenl. NHS8T and The Young People's Shop. The Charws training offer also induded bereavement awareness sesslons for puplls In schools. and onllne awareness sesslons for parents and carers of bereaved chlldren and young people were made possible by generous funding whlch also enabled smaller organlsallons slruggllng with the ongolng economlc challenges to access tralning. All tralning is highly evalualed. wlth attendees providlng posltfve feedback and conslstently belween 96-99% of attendees saying thèy would recommend It lo colleagues and awardlng an average mark of 4.6 out of a posslble 5 where 5 Is 'very good,. Through its development work. the Charity has mainlained Its provlslon of support and accessible tralnlng to organtsatlons In Scolland. Thls Induded fadfitating 12 wlonal networks face to face and online. worklng with schools In Glasgow and Lanarkshire following sudden and unexpecled deaths of chlldren. presentlng at the Chlldren In Scotland Conference, and provkllng tralnlng lo Scotland soclal work Fosler Carers teams and NHS Lothian. The Charitys services teams each held 30th Annfvwsary open coffee rTh)mlng sesslons in London, Glasgow. Buckingharnshlre. Leeds. Cheshlre and in Wldnes with attendance from lord mayors, MPS. charity representalives, professlonals. and parlner organlsatlons. The Charllsls support for staff In the education sector remained a key servke prlority and Induded dellverlng educatlon sector speufic 'Lunch and Leam. webinars, and sessions at the Bereavement Summlt held al St Marfs University. The development and delivery of new trainlng Coufses Included tralnlng for new school governors and senior leaders around developirwJ a bereavement aware culture, and the development of a new resource: 'Elephant in Ihé Room.. a toolkit and resource for professlonals to use wlth chlldren and young people to enable dlscusslons aboul death and dying in schools. Thls Is In addttlon to the Increaslng use of our dlgital onllne laamlng programme wh we continue to provide for teachers, an award-wlnnlr¥J resource developed In partnership with London Grid for Leamlng, an open access platform for school Staff. The Charlty also collaborated wlth Scotys Llttle Soldlers - a Charlty worklng specifically wllh mllltary famllles. produclng a Jolnt bereavement pollcy template and polcy guldance avallable for any school to access. 3. Communlcatlon The Charlty contlnued Its focus on en8urlng that bereaved famllles and wofesslonals could access 8UPPOrt and Infomiatlon both vla Its dlrect 8ervlces and through Its dlgltal medla. The most frequentty vlslted webstte pages related to supportlng chlldren and young people, the Charltfs bereavement support seNkes, its tralnlng for professlonals, and volunteerlng opportunltles, wlth toial webslte vlslts Increaslng by 5%. Supportlve content was shared wklely on soclal medla and the Charlty's followlng saw growth of more than 7% to exceed 72,000, withlts social medla posts reachlng more Ihan 6 mllllon people. The Charlty further developed and promoted Its sulte of acce8slble resources for famllles and professlonals. Indudlng the creatlon of a new anlmated film 'What Is grfeTr' sponsored by cOp Funeralcare. galnlng Increased awareness ttwugh thelr funeral homes and wklespread reglonal press coverage. Other notsble re8ource8 produced by the Charlty In response to Identlfied need Included: When your chlld dles by homlclde: When an adult chlld dles: Supportlng grlevlng men and boys: and for professlonals: Supportlng bereaved thlld aged under five. In addltlon. the Charlty r8vlewed Its guldance to ensure that equlty. dlverslty and Incluslon were refiected In Its language and temlnology. The Charty also Introduced a functlon to enable Its key web pages lo be automatically translated Inlo Pollsh. Urdu. Panjabl. Romanlan. Mandarfn. Welsh. and Bengall, for those whose flrst language Is not Engllsh. The Charlty continued to champlon the volces ol bereaved chlldren. young people and parentslcarers. supportlng a number of awareness campalgns Includlng Dylng Matters Week; Chlklhood caer Awareness Monih: World Sulclde Preventlon Day; Chlldren's Menlal Heallh Awareness Week; Neurodiversty Week: Baby Loss Awareness Week; Group Strep B Awaffjness Monlh; Chlldren's Grief Awareness Week; and campaigns around bereavement beneffts for cohabltlng wldowed parents and for the transltlon of Dlsablllty Llvlng Allwance followlng the death of a chlld. The Charitys expertlse was called on by the medla for artt¢les on bereavement guidarth lor children indudiNJ Page 6
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 for The I, and for the BBC'S earty years resource Tlny Happy People, and lo adv188 th8 BBC on a scrlpt for Casualty. The Charitys Communications Team was pleased to have won three awards: the Charltvs anlmatlon °Rememberlng someone special who has died. was awarded Gold in the Peopl8'8 Cholce Awards In Its category at the Charity Film Awards 2024; its animallon The Invlsible Suitcase was Jolnt wlnner In the Mental Health category al the Big Syn International Film Festival 2023; and its Communlcallons Team won Communications Team of tha Year at the Charity Comms Insplring Communlcator Awards 2024. 4. Sustalnablllty Child Bereavement UK is committed to devéloping sustalnable annual Income growth to ensure that exlstlng servlces can be maintained and grown in future years as IrKrea8ed demand for those serylces contlnues, The current economic dimate maans charitable glvlng Is not an optlon for many people due to the rlse In the cost of living aThl a sluggish economic outlook. The Charty faces the same challenges that the enllre sector Is faclng. Thls year Income has reduced from £3.9m to £3.4m due prlmarily to reduced level of grant Income and the cancellation of somé fundraising events. On the expenditure slde a perlod of sustalned hlgh Inflallon has resulted in costs rising from £3.9m to £4.4m. We have transltloned from a posltion where expendllure was matched with incoma to a position where eXpKIl1Ure exceeds Income by £1m. Thls has been party mltlgated by a £0.2m increase in investment valuatlon but thls level of loss Is not sustalnable, Therefore, the Charity must reduce cost until income growth can recover. Wlth extreme regret a cost reductlon programme to reduce annual cost by £0.6m was Inlllated In September 2024. We are Confidanl that this wlll brir¥J the Charity closer lo matching income and costs golng foThYard but the current reduction in Govemment grant funding to the charitable sector will act as a headwlnd. Though these are dlfficult economic tlmes. they are more difficull for the familias who need our help. Demand for all of the Charltys services conllnues lo increase and, in wOrkij lo Meet this demand, the Charfty Intends to do everythlng necessary to retum to a posltion where we can once again increase Investment In support servlces. One impact of the recent decline in charitable gNlng18 6videnced In a fall In the Charitys grant Income. The grant sector is currently oveThvhelmed wlth 8ppllcations and struggllng lo keep pace, and this has now worsened du810 the ru¢ll0n in govemment grants to the charlty seclor. Despite this, the Charity knows that its policy ol invesling in diverse. and where posslble recur. Income streams is the best pollcy. and It wlll conllnue to do so and expects that in the near temi thls trend wlll agaln tum posltive. The Charity remains confident in its ability to grow Income in the longer lerm and to Invest In 8eNlce provlsion when It can to meat intteasing demand. Volunteers remain integral to the Chari8 work and in the year under revlew the Charlty8 voluntews generousty gave over 7,492 hours of supwt to Its operatlons. asslstlng wllh raislng awareness, b8aVeMent support groups, fundraising. govemance arKI admlnlstrative support. Flnanclal revlèw Results During the year under review, the Charity generated total funds of £3.4m (2023: £3.9m). Within thls. Income from Restricted Grants and Donations amoUed 10 £1.Om (2023: £1.1m). Expendlture from Restrlcted Reserves. expended in accthance wllh the respective grantors, lerrns and condltions, amounted to £1.2m (2023: £1.7m). Income on the General Fund reduced to £2.4m (2023: £2.8m). Unencumbered free rewves at Ihe balance sheet date amounted to £2.2m (2023: £2.Sm). Reserves pollcy The Trustees conlinue to place great importance on the lorytemi sustalnabllty of the Charity. Costs conllnue Page 7
CHILD 8EREAVEMENT UK (REGISTERED NUM8ER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 to be well controlled wlth th8 Charity malntslnlng Its 'gatewaY approach, ensuring new Inltlatlves only commence when short-temi fundlng needs can be mel from withln existlng reserves and Ihere Is reasonable security of continuatlon fundlng to follow. The Trustaes continue to have regard to the Importance of belng able to retain the core of the Charws highly skilled and experienced workfofce. The Charity has set aslde a deslgnated lund lo protect against any major short-temi financlal threat or shortfall in Income stream. whlch Is stOII subject to some unpredlctability. The Deslgnated Fund represents four months of projected annual costs. Inveslment pollcy The Charitys investment pollcy follows Charity Commission guldance and has specffic regard to Ihe level of acceptable fisk, the preservatlon of capital. and long-term capllal grthyth to support suslalnablllty of seNlce delivery. While the investment pollcy has been set ty the 8oard of Trustees. responslblllty for ongolng Investhient Issues has been delegaled to the Investment Subcommlttee. To protect and grow capital ahead of Inflatlon. a medlum-tenn larget of 3% compound annual growth has been set. Investments this year have been negalivety Impacted by economlc uncertalnty and rlslng Intsrest rates. The long-temi fund Is managed by Ruffer and slnce Inceptbn has achleved a compound annual growth rate of 3.8% (2023: 4.3%). The short-term fund Is managed by Rothsthlld Wealth Management and slnce Inceptlon has achleved a compound annual Wh rate of 4.6%. (2023: 4.7%). Plans for tho futu The Charity is commltted lo contlnuing to deliver Its servlces for both families and professionals lo the hlghest standards via a hybrld model of online and lace•t¢>face support and trainlng to erUre equitable access and increased reach across the UK. With the ongoing challenges posed by the economic climate, organlsatlonal agIty and optsmising the Charitys infrastruclure wlll be ¢nla1 lo ensuring both efficiency and effectlveness across its op&alions. To thls end the Charity will: conllnue to evofve innovalfve and Impactful ways of providing Indusfve and timely supporl to chlldren, young people, parents and famllles across the UK, and to reduce waitlNJ times; exlend the reach, inlluerKe and accessibility of ts support for famllles through collaborative Initiatives and strateglc partsrShIpS. worf( collaborallvety to improve the experlence ol parents, carers and professlonals Invofved In th6 Chlld Death Revlew Process; klenllfy and seek to fill gaps In multkdlsclpllnary bereavement tralnlng provlslon to support professionals In thelr work with grievlng famllles; contlnue to maximisa the polentlal of digital media to ensure users can find and engage wtth thè charity, and optlmlse webslte content so thal famllles and professionals can readlty access the support. Infomiatlon and guidance they need: grow its bank of resources and infomiatbn for famllles and professlonals In response to Idenufied need: seek to engage more diverse audlences and enhance engagement wlth the charity through new fundraislng Inltlatlves and activities; continue to develop and Invest in its volunteer base. STATEMENT OF TRUSTEES. RESPONSIBILITIES Tha trustees (who are also the directors of Chlld Bereavement UK for the purposes of company law) are responsible for preparlf¥J the Annual Report arKI the financlal slatements In accordance wllh appllcable law and Unlted lfjngdom Accountlng Standards (Unlted Klngdom Generally Attepted Accounllng Practlce). Company law requires the trustees to prepare financlal statements for each financlal year whkh gfve a true and fair view of the stats of affalrs of the charitable company and of the Incoming resources and appllcatlon of resources. Including the IrKome and expenditure. of Ihe charitable company for that peri¢xI. In preparing those Page 8
CHILD BEREAVEMENT UK (REGISTERED NUM8ER: 02926446) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 financlal ststements. the trustees are required to select suilable accounting policies and than appty them con8iStentty; observe Ihe methods and prlnclples In the Charlty SORP: make Judgements and estlmates Ihat ar6 reasonable and prudenl; prepare the finandal ststements on the going concern basls unl888 it 18 inapproprfate to presume that the charltable company wlll contlnue In buslnes8. The trustees are responslble for keeplng proper accounllng records whlch disclose wlth reasonable accuracy at any tlme the financlal p06ft1on of the charitable company and to enable them to ensure that the flnanclal statements comply wlth Companles Act 2006. They are also responslble for safeguardlng the assets of the charltable company and hence for laking reasonable stops for Ihe provgntlon and deltIon of fraud and other Irregularftles. In 80 far as the truste8s are aware: there Is no relevant audlt Inf0MtIon of whlch tho charftable companY8 audllor8 are unaware; and the trustees have taken all st8PS that they oughl to have laken lo make themselves aware ol ary relevant audtt Infomation and to estab118h that the audttors aro aware of that Infomwtlon. AUDrroRS The auditor8, S8ymourTaylor Llmlled, wlll be re-appolnt8d In 8ccordan¢ewlth sectlon 487{2) of th8 Compan16S Act 2006. Approved by order of the board of tnJstee8 on 29 Aprfl 2025 and slgned on fts behaff by: tzgfotK)ns - Trn8t88 Page 9
REPORT OFTHE INDEPENDENT AUDITORSTO THETRUSTEES AND MEMBERS OF CHILD BEREAVEMEKf UK Oplnlon We have audlted the flnanclal statements of Child Bereavement UK (the 'charltsble compan) for the year ended 31 August 2024 whlch comprise the Statement of Financlal Actlvllles. the Balance Sheet, Ihe Cash Fltrw Slatement and notes to the financial siatements, includlng a summary of slgnlficant accounllng pollcles. The financial reportlng framth¥LYk that has bean applled In thelr preparatlon Is appllcabl8 law and United Kingdom Accounting Standards (Lkntted KlryJdom Generally Accepted Accountlng Practlca). In our opinion the financial ststemerts: give a true and fair vlew of the state of the charftable companys affairs as at 31 August 2024 and of Its incoming resources and app1cau of resources, Includlng Its Income and expenditure, for the year then have lieen woperfy wepared tn acc(xdance wlth Unlled lfjrvdom Generally Accepled AccountlNJ Practlce: and have been prepared in accordance wlth the requlrements ol the Companies Act 2006, the Charities and Trustee Investment {ScollarKI> 2005 arKI Regulatlon 8 of the Charilies Accounts (Scoiiand) Regulations 2006. 8asls for oplnlon We conducted our audft In accordance with Inlemational Standards on Audttlng (UIQ (ISAS (UK)) and appIlble law. Our responslbllities under those standards are lurther described in the Auditors, responslbllltles for the audlt of the flnancial statements sectlon of our reporL We are independenl of the charitable compary in accordance with the ethlcal requwements that are relevant to our audlt of the flnancial statements In the UK. including tha FRC'S Ethlcal Stsndard, and we have fulfilled our other elhlcal responslbllltles In accordance wlth these requirements. We believe that th& audit evidence we have oblalned Is sufficlenl and approprlate to provide a basis for our oplnion. Conclu8lon8 relatlng to golng concern In audltlng the financial staternents, we have concluded that the trustees. use of the golng concern basls ol accountlng In the preparation of the flnarKlal slatements ts appropriate. Based on the work we have perforn, we have not Identlfied any material uncertalntles relatlng to events or ndittons tha( indivkluatty or collectively. may cast Signint doubt on the charitable companys abllty lo ntinue as a going concem for a wlod of at least twelve montts from when the financlal stalements are aulhorlsed for Issue. Our responsibllllles and the respcThibilities of the trustees wilh respeci to going concem are descrlbed In tha relevant secttons of thls reporL Other Informatlon The trustees are responslble for the other Inlmti. The other Infomlation comprises the lnfomwn included in tha Annual Repor( other than the firAnoal staiemenls and our Report of the Independent Audltors thereon. Our opinion on the finala• statements does not cover the other infomiafjon arKI. except to the extent otheThYlse expliotly stated In ow repcL wè do Mt express any fom) of assurarKe cortlusion thereon. In connecllon with our audit of the financial stateffnts. our responslbility Is to read the other informallon and, In doing so, consider whether the other infcmtion is maierially inconsistenl with Ihe financlal statements or our knowledge obtained in the audit orotherwise appears to be materially Misstated. If we identfy such maierlal Inconslstencies or apparent material misstatements. we are required to detemine whether this gives ri88 to a malerlal mlsstatement in the finandal statements themselves. If. based on the work we have perfomied, we conclude that there Is a material ffllsstatement of thls other information, we are requtred lo report that fad. We have nothing to report In tNs regard. Oplnlons on other fflattern prescrlbed by the Companles Act 2006 In our opinion. based on th8 work undertaken In tho course of the audit: the inforfnation gNen In the Strategic Report and the Report of the Trustees for the financial year for whlch the financial statements are prepared Is consistent with th8 financlal slatements; and the Strat8gic Report the Report of the Trustees has been prepared In accordance whh applicable legal requlrements. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF CHILD BEREAVEMENT UK Mattars on whlch wo aro requlred to roport by exceptlon In the Ilght of the knoedge and undefstsndlng of lh8 charitable MpanY and its 8rn1ironm8nt obtainad In the course of the audlt, we have not Identllled materlal mi88taiements In ttk8 Stralegic Report and Report of the Trustees. We have nothlng to report In respect of the followlng matters where th6 Companies Acl 2006 and the Charltl88 Accounts (Scotland) Regu18tlons 2006 (as amended) requires us to report to you if, in our opinion: adequate and proper accountlng records have not been kept or returns adequate for our audit have not been recefved from branches not vlslted by us: or the financlal ststements are not In agreement wlth the accounting records and retums: or certaln dlsclosures of trustees, remuneration speclfied bylaw are nol made; or we have not recelved all the Infomiatlon and explanaUons we require for our audlt. Rosponslbllltlu of trust••s As explalned more fulty In tho Statement of Trustees. Responsibllitles, tho trusleos are responslble l¢x the preparallon of the financlal statements and for belng satlsfied that they give a true and falr vlew, and for such Intemal control as the trustees deterynlne Is necessary lo enable tho preparation of flnanGlal slatements that are free from rnaterfal mlsstatement. whelher due lo fraud or error. In preparlng the financial statements, the truslees are responslble for assesslng the charllabl8 companV8 ablllty to contlnu8 88 a going ¢oncem, discloslng, as applkable, matters related to golng concem and uslng Ihe golng nCern basis ol accounting unl8SS the trustees ellher Inlend lo Ilquldate the charltable company or to cease operatlons. or hav8 no r8allsllc allemafjve but to do 80. Our rospon81bllltl88 for the audlt of the Ilnanclal statements We have been appointed as auditor under $8Ction 44(1)(c) of th8 Charftles and Trustse Inv8Stm8nt (Scotland) Act 2005 and und8r the Compani88 Act 2006 and report In accwdance wllh Ihe Acts and rel8vanl regulatlons mad8 or havlng effect thereunder. Our obl8Ctlv88 are to obtaln reasonable assurance about whether the flnanclal statements a8 a whole are free from materlal mlsstalement, wh8lh8r due to fraud or error. and to Issue a Report of the Independent Audltors that Includes our opinion. Reasonabl8 a88urance Is a hlgh level of assurance, bul 18 not a guarantee Ihal an audlt conducted In accordance with ISAS (UK) wlll always detect a materlal misstalement when It exlsts. Mtsstalements can arls8 from fraud or error and are consldered materlal If. Indlvldually or In the aggregate, they could reasonabty be expected to influence Ihe economlc declslons of users lak8n on the basls of these flnanclal statements. The extent to whlch our procedur88 ara capable of det8Ctlng Irregularlll8s, Including fraud18 detalled below: den d a888s arftles In Identifying and assesslng rlsks of materlal mlsstatemenl In respeGI of irregularllles. Includlng fraud and non- compliance with laws and regulatlons, we consldered tha followlng: the nature of the Industy and Sector, control envlronment and buslness perfomiance; results of our enqulries of management about their own ldenlifali0n and assessment of the risks of Irregularities; any matters we Idenllfied In respect of the CompanYs documenlatlon of Ihelr policles arKI procedures relatlng to: Identlfylng, evaluating and complying wlth laws and regulauons and whether Ihey were aware of any Instances of non<ompliance; detectlng and respondlng to the rlsks of fraud and whether Ihey have knowledge of ary actual, suspected or alleged fraud; Ihe Intemal controls eslabli8had lo mitigate rlsks of fraud or nonMplIance with laws and regulallons; the matters discussed among the audtt engagement team and invofving relevant Internal speclalists, includlng tax regardirKJ how and where fraud might •xcur In the financial statements and any potential Indlcators of fraud. Page11
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF CHILD BEREAVEMENT UK As a result of these procedures. we consldered the opportunltles and Incentives that may exlst wlthln the organlsatlon for fraud. In common wlth all audlts under ISAS (UK), wé are also requlred to perfomi speclfic procedures to respond lo the rlsk of management override. We also obtained an urKlerstarKllng of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulatlons that had a dlrect effect on the determlnation of material amounts and disclosures in Ihe financlal slatements. The key laws and regulallons we ConsIded In this context included Ihe UK Companles Act and local tsx leglslatlon. In addition. we considered provlslons of other laws and regulatlons thal do not have a direct effeci on the financial statements but compliance wilh which may b8 fundamental lo the Companys abilty to operate or to avoid a material penalty. Audtt se lo rtsks Identified As a result of performing the abové. our procedures lo respond to risks Identlfied IrKluded Ihe fOll1n9. revlewlng the finandal statement disclosures and tesllng to supporting docurr*ntation to ass8SS compllance wlth provlsions of relevant laws and regulations descrlbed as havlng a direct effect on th8 financlal slatements; enquirlng of management conceming actual and potential litigatlon and clalms: performlng anatyllcal procedures to Identlfy any unusual or unexpecled relatlonships that mty indicate rlsks of materlal mlsstatement due to fraud; obtained an understandlng of provlslons and held dlscusslons wllh managamenl to understand the basis of recognltion or non-recognltlon of tsx provlslons: and In addresslng Ihe rlsk of fraud through management ovenlde of controls, tesling Ihe appropriateness ol Joumal entrles and other adjuslments: assesslng whethef the Judgements made In making accounting estimates are indkatlva of a polenllal blas; and evaluatlng Ihe buslness rartaI8 of any significant transactions that are unusual or outslde the normal course of buslness. We also Communicated relevant Identlfled laws and regulatlons and polential fraud risks to all engagement team members and rnalned alert to any Indlcallons of fraud or noncompliarrte with laws and regulations throughout the audit. A further descrfptlon ol our responslbllllles for Ihe audtt of the financlal statements18 located on the Flnanclal Reportlng Councll's website at www.frc.org.ukJaudltorsresponsibllitles. Thls descrfptlon fom)s part of our Report of the Independent Auditors. Use of our report Thls report Is made solety to the ¢harltsble companls members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Act 2006, and to the charttable ¢ompanl8 trustees. as a body, In accordance wlth Regulatlon 10 of the Charlties Accounts (stlarKl) Regulatbns 2006. Our audlt work has been undertaken so that we mlght slate to the charltable company's members and Ihe trustees Ihose matters we are required to state to them In an audilors, report and for no other purpose. To Ihe fullest extent pemiltted by law. we do not accept or assume responslblllty to anyone other than Ihe charltable company and the charllable companls members as a body. for our audlt work, for thls report, or for lh8 oplnlons we have fomied. Ellzabeth Horton FCA FCCA (S8nlor Statutory Audltor) for and on behalf of Seymour Taylor Llmfted. Slalutory Audftor Eligible to act as an audltor In tern of Sectlon 1212 of the Companles Act 2006 Ftrst Floor North 40 Oxford Road Hlgh Wycombe Buckinghamshire HP112EE .4q.Pspd! 9025 Page 12
CHILD BEREAVEMENT UK STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Total funds Unre8tricled Restrictad funds fund8 Notas INCOME FRO Donallons and legacles 1.640,338 697,498 2,337.836 2,799.256 Charhable activltie8 237,848 337,478 575,328 583.542 OtheA tr8dlng acuvllles 447,732 1,025 448,757 424.239 Inve8tsnent Income 55,451 Total 2 381369 1036 001 3417 370 3 879.924 expENDITURE ON Ralslng funds 1.174.180 1,174.160 1,035,115 Charltable acllvltles 1,967.238 1.239.008 3 206 244 2 902 456 Total 3,141.396 1.239.008 4,380,404 3,937.571 Net (exp8ndltureylncome before Investmenl galn (losses) Net galnsl{Ioss88) on inv88tsnents (760,027) (203,007) (963.034) (57,847) 157480 157480 NEf INCOMEI(EXPENDITURE) (602.547) (203,007) (805.554) (93,704) RECONCILIATION OF FUNDS Total funds brought foThRrd 4,525,844 492,217 5,018.061 5.111,765 TOTAL FUNDS CARRIED FORWARD 3 923 297 289 210 4 212.507 5 018 061 The notes fomi part of these financlal statements Page 13
CHILD BEREAVEMENT UK (REGISTERED NUMBER: 02926446) BALANCE SHEET 31 AUGUST 2024 2024 2023 Notas FIXED ASSErs Tangible assets Investsnents 13 14 144,106 1,594.207 174,608 1884.670 1.738.313 2,059.278 CURRENT ASSErs Slocks Debtors Inveslments Cash at bank and In hand 15 16 17 1,315 332,136 2.188,899 435,857 1.786,788 2,674,248 3,092,852 CREDITORS Amunts falling due withln one year 18 (200,054) (134,069) NET CURRENT ASSErs 2 474,194 2 958 783 NET ASSETS 4.212,507 5.018 061 FUNDS Unrestrkted funds. General fund Deslgnaled funds 21 2,184.984 1738 313 2.466.566 2 059 278 3,923,297 4,525,844 Restrithd funds 289,210 492,217 TOTAL FUNDS 4.212 507 5 018061 The finala1 ststements were approved by the Board of Tfuslees and authorlsed for Issue on 29 Aprfl 2025 andw slgned on its behalf ibbons - Trustee Tha notes fomi part of these finandal statements Page 14
CHILO BEREAVEMENT UK CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Note8 Cash used In operatlng actfvllles (1.006.675) (72,411) Cash flows from Investlng acllvltles Purchase of tsnglble ffted assets Purchase of Inveslments Sale of Investments Interest recelved Dlvklends recelved (17.728) (300.000) 1.150.053 793 (18,010) (289,610) 500,277 557 Net cash provlded by Invesllng acllvllles 887.776 Change In cash and cash 6qulvalents In the reportlng perfod Cash and cash equlvalents at the beglnnlng of the reportlng perlod (118,899) 193,133 570 502 Cash and cash equlvalents at tlio end of the reportlng porfod 451.603 570 502 The notes fonn part of these financial statements Page 15
CHILD BEREAVEMENT UK NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 RECONCILIATION OF NET EXPENDITURE TO NEf CASH FLOW FROM OPERATING ACTWMES 2024 2023 Net expendlture for tho reportlng perlod (as per the Statement of Flnanclal Actlvltles) Adjustments for: Depreciation charges (Gainylosses on investments Interest received Divklends recelved DeaSel(lncrea$e) In stocks (Increaseydecrease In debtors IreaSe1{deereaSe) in credltors (805,554) (93,704) 48.230 (157,479) (793) (54,658) 1,315 (103,721) 56.988 36.057 (557) (72,330) (45) 5,131 3.951 Net cash used In operallons ANALYSIS OF CHANGES IN NEf FUNDS At 1.9.23 Cash Ilow At 31.8.24 Net cash Cash at bank and In hand 570.502 118.899 451.603 Llquld resources Current asset Inveslments 2 188 899 402111 1786 788 Tolal 521010 2759401 2,238,391 Tha noles form part of these financlal statements Page 16
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 GENERAL INFORMATION Chlld Bereavement UK is a charity limited by guarantee and In¢porated In England and Wales. The address of the companls registered ofllce Is Unit B Knaves Beech Way, Loudwater, Hlgh Wycombe. England, HP10 9QY. The registered charlty number In England and Wales ES 1040419. The reglslered charlty number In Scotland is SC042910. The presenlation currenty of Ihese finandal statements Is Sterflng (£). belng the currency of the prlmary economlc market in which the entity operates (its functlonal currency). All amounts In these flnanclal slatements have been rodeAl to the nearest pound unless Stated otherwlse. The slgnlficant accourrting policres applled In the preparatlon of these financlal statements are set out below. These policies have been corlS1entty applied to all years presented unless otherwise slated. ACCOUNTING POLICIES Basls of preparatlon The financial statements of the charilable company. whith is a public benefrt entlty urKler FRS 102, have been prepared in accordance wlth the Charities SORP (FRS 102) 'Accounting and Reportlng by Chartties: Slaternent of Recommended Prathe applkable to charltles preparing thelr accounts In accordance with the Financial Rewting Slandard applkable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019)., Financlal Rewling StsThlard 102 The Financlal Repng StaThJard appficable in the UK and Republlc of Ireland. and the Companies Act 2006. The financlal ststements have been prepared under the historfcal cost conventton. with the excemion of Investments whlch are included at market value. as modified by Ihe revaluatlon of certain assets. There are no material urtertaith regardlThJ the Charws abllty to continue as a golng concern. Reference to the"Chariif in th8s8 finandal statements mearts the"charitable companf and refererKe to the"Trustees" means the "Direct(xs". Income Income from d•Jnations and grants. Including capital donat#)ns. are recognlsed once the Charity has tiuement to the income, tt Is probable that the lrtome 11 be received. aThJ the amount of Income receivable can be measured reliably. In addilion. the Charity from time to tlme eN6$ benefits from several benefactors in respect of asslstance in the runnlrvj of trainlng courses. Such benefits are excluded from the statefflert of financlal athllies. Other types of Incorr* are recognised on the same basls: Publlcatlon sales - represent thè sale of tho Charitys publkations, such as Ix)oks and other literature. sold to thlrd paty purchase(s. Tralning income - represents charges made by the Charity to d8legat8s atteThJlng tralning weblnars, workshops and study days. aThJ charges in respect of lectures and tslks given by th8 Charltys staff. Consultancy fees- rewesert tharges made for advice and 8UPPOrt provlded to olher organlsatlons. Fundraising- represent funds ralsed by the charlty from evenls. donatlons and raising funds through individuals and Clynpar (abing funds on thelr behalf. Support services• represants charges made by the charity to cover the salarles for tha slaff that wovkle support services In varlous kat1$ a¢xoss the UK. Paga 17
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THEYEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES - contlnued Expendlture Expendtture Is recognlsed therè is a legal or construcllve obllgallon to make a payment lo a thlrd party, it is probable that settiement will b8 required. and th? amount of the obllgatlon can be measured refiabty. All expenditure is accoted an acwals basls arKI has been dassified under headlngs Ihat aggregate all costs related to the category. Expenditure Involving rre than one category has been apportioned by the Trustees on a reasonable, justifiable. and conslslent basls. Involvlng esllmallng proportms of staff tlm Allocatlon of support costs Support costs cornprise all costs InvolvSng the public accountability of the Charlty and its complIae wfth regulation and good practice. These costs Include costs related to statory audlt and legal fees together with an apportionment of ovwhead and support costs relating to trusiee board meeiings. Supw)rt costs are allocated to the cost of ralslng funds and charitable activities In accordance th AccountEng and Reporting by Charities: Statement of Recommended pract8. These costs have been alocated kn proportbn to the cosl of each a1vIty. Tanglble fixed assets Depreciation is provided at tho follthving annual rates in order to wrfte off each asset over Its estlmated useful lrfe. Short leasehold Office equiprne Flxtures and fittifWJS over the lease terni straigm line- 25% straigm lin&- 10% Investments Investments are initialty recognw at thelr transactlon value and subsequenuy measured al thelr market value as at the balar sheet dale uslng the closlng quoted market price. The stslement of financlal actlvttles includes the net galns and losses arlslng on revaluatlon and dlsposals throughout the Stocks Merchandlse Iterns are valued at the of cost and net reallsable value. Cost Os based on the cost of purchase on a flrst IA fwst out bas1& Fund accountlng General fund represents unfestricted funts whkh are available for use at the discretion of the Trustees In furtherance of the general objectsves of ts Charfty and whlch have not been desfgnated for other purposes. Designated funds c4)mw unreslrfcled funds that have been set aslde by Ihe Trustees for partlcular purposes. The alm and use of each designated fund Is set out in the rK)ies to tha financlal ststements. Pagè 19
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES - contlnued Restrlcted funds Incorporale grants and donatlons. whlch, although contrlt)utlng towards the general objectives of the Charity, carry specific Instrucllons by the donor as to how the monles sl)ould be applied. At the balance sheet date, the accumulated bala8 represents those sums whlch have yet to be applied In the manner Instruded. The Trustees are of the oplnion thal Ihere are sufflclent Ilquld assets available to meat tha Charws obllgations Imposed ty the restricted funds, all of whkh are short term, and that It Is not necessary to approprlale assets Into a separate fund. Leases Rentals under operating leases are charged In the Slatement of Flnanclal Acdvftles on a stralght line basis over the lease temi. Flnanclal Instruments The Charity has onty financial assets and Ilabllllles that would quallfy as baslc fmanclal instruments. Basic financial assets. which include cash and debtors, are Inltlalty measured at transaction price including transaction costs and subsequenlly carrled at amorll$ed cost uslng the effective Interest meth¢)d. Financial assets classified as recelvable wllhln one year are not amortised. Basic financial liabllities such as trade credltors, loans and finance leases are initialty measured at transaction price unless the arrangement conslltutes a financlng transactlon, where the debt instrument Is measured at the present value of the future payments dlscounled at the markel rate of Interest. Flnancial liablllties classified as payable wlthln one year are not amortlsed. An equty Instrument Is any contract that evldences a resldual Interest In tha assets of the Charlty after deducting all of Its Ilabilities. Penslon costs The Charity opelates a defined contrlbutlon penslon scheme. Contribullons are charged to the Statement of Flnanclal Actlvlties In the perlod to whlch Ihey relate. DONATIONS AND LEGACIES 2024 2023 Donations Grants 1,730.166 607 670 1.746,999 1052 257 2 337 836 2,799.256 OTHER TRAOING ACTMTIES 2024 2023 Fundralslng events Merchandlse sales other income 448,022 533 202 423.326 212 701 424,239 Page 19
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - ntInUed FOR THE YEAR ENDED 31 AUGUST 2024 INVESTMENT INCOME 2024 2023 Dlvldends Deposlt account Interest 54.658 793 72,330 557 55.451 72,887 INCOME FROM CHARITABLE ACTivrriES 2024 2023 Support servlces incomè Publlcatlon sales Tralning Income 431.338 14.842 129 146 409.960 17.316 156 266 575,326 583.542 RAISING FUNDS Ralslng donatlons and legaclès 2024 2023 Stsff costs Office and premises costs FundraisiNJ costs Event costs Supp)rt costs (see nole 9) MardndISe GOStS 610,836 142,841 85,367 233.638 101.478 550.868 123,481 77.619 166.355 115.109 1,174 160 1035 115 CHARITABLE ACTMnES COSTS 2024 2023 Promotional costs Service support costs Tralning and conference costs Salarles and staff costs Office and premise costs Support costs (note 9) 100.082 172.972 66.659 2.278.096 415,649 101,378 172,238 51.107 2,041,397 395,648 140 688 3206.244 2.902.456 Page 20
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 AUGUST 2024 SUPPORT COSTS 2024 2023 Audltors, remuneratjon Legal and professlonal fees Trustee expenses Salaries and staff costs Office and premises costs Apportloned to charftable athltles Apportioned to ralslng fuThJs 18.871 19.853 18,245 10,950 25 190,895 185,089 44.645 41,488 (172.786) (140,688) 101478) 115.109) Support costs are allocated to the cost of ralslThJ fuThls and the cost of charitable actlvttles In accordance wtth Accountlng and ReportiNJ by Charltles: Statement of Recommended Pracllce. These costs have been aJJocated kn proportion to thè cost of each actlvity. 10. NEf INCOMEI(EXPENDITURE) Net Incomel{expendrture) Is stated after Charg1(CredItIng). 2024 2023 Depreclatlon . owned assets Audltorfs remuneratlon Operaung leases payments 48,230 18,871 229,201 56,988 18.245 200.303 11. TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. renKThratk or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. 2024 2023 Trustees. expenses 25 12. STAFF cosrs 2024 2023 Wages and salarfes Social security costs Penslon costs 2.626.959 235.977 118091 2,386.844 203.377 2,981,027 2 697 056 Pago 21
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AUGUST 2024 12. STAFF COSTS - contlnued The average monthly number of employees durlng the year was as follows: 2024 2023 Awareness and nalional profile TralnlNJ and conferences bereavement support servlce Admlnlstrative Fundralslng 17 15 87 88 The number of employe88 whose employee benefits (exdudlng employer penslon costs) exceeded £60.000 was: 2024 2023 £60,001- £70.000 £70,001- £80.000 £80,001- £90.000 £90,001- £100,000 Value of rnpanY penslon contrlbutions to money purchase Schemes for employee8 whose emoluments exceed £60.00018 £18,462. The total aggregate remuneratlon paid to key management personnel was £508.210 (2023: £387.679). 13. TANG18Le FIXED ASSErs Flxtures and fittlngs Short leasehold Office equlpment Totals COST At 1 September 2023 Addltlon8 193,704 163.331 16.228 47.158 404,193 17,728 At 31 August 2024 179.559 48,658 421,921 DEPRECIATION At 1 Seplember 2023 Charge fof year 86,183 106.316 26.253 37.086 2.416 229,585 At 31 August 2024 NEf BOOK VALUE At 31 August 2024 At 31 August 2023 Page 22
CHILD 8EREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 AUGUST 2024 14. FIXED ASSEf INVESTMENTS Llsted Investments qARKEf VALUE At 1 Saptamb8r 2023 Disposals RavaluaÈion8 1,884,670 <300,000) At 31 August 2024 1594 207 At 31 Augusl 2023 1884 670 There were Investmont assets outslde the UK. Detalls of materfal funds Included In Ihe above Investments are as lollow8: Market valuo Cost %ofth• at 31.08.24 at 31.08.24 total valuallon TM New Court Fund Income Unlts Class A BlackRock ICS Sterllng Govemment Llquldlty Fund 1,486,787 1.135,912 300,001 300,000 83% 17% 15. STOCKS 2024 2023 Stocks 16. DE8TOR8: AMOUNTS FALLING DUE MTHIN ONe YEAR 2024 2023 Trade debtors Olher debtors Prepayments and accrued Income 106.188 65.201 160.767 69,841 301370 Page 23
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 AUGUST 2024 17. CURRENT ASSEf INVESTMENTS 2024 2023 Llsted Investments 1786.788 2.188,899 Dètails of materlal funds Included In the above Investments aré as follows: Market value Cost %ofth• At 31.08.24 at 31.08.24 total valuallon CF Ruffw Charlty A61$ Trtl Acc 1.594,207 1.176.884 11x1% 18. CREOITORS: AMOUNTS FALLING Due WffHIN ONE YEAR 2024 2023 Trade credltors Other creditors Accruals and deferred Incom• 123.297 100 67.677 1.000 Deferr•d Incom• 2024 2023 Oeferr8d Income at 1 Seplember 2023 14,923 9.123 14.923 Income deferred In th8 year Deferred Income relea88d from prlor years 37,801 14 923) D8lerr8d Income at 31 August 2024 37,801 4.923 Deferred Income r8pr888nts Iralnlng evenl Income deferred untll events occur after the balance sheel date. 19. LEASING AGREEMENT8 Mlnlmum IwJe payments under non-cancellable operatlng leases fall due as follows: 2024 2023 withln one year Belween one and five years 216,890 593 759 204,476 979 412 Page 24
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AUGUST 2024 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Tolal funds 2023 Total funds Unrestrlcted Restrlcled funds funds Flxed assets Investments Currenl assets Current Ilabllllles 144.106 1.594.207 2.385,038 144.106 1,594,207 2.674.248 174.608 1,884.670 3,092.852 134.069 289.210 97 289 210 4 212 $07 5.018 061 21. MOVEMENT IN FUND8 D•slgnated funds General Fund Flx•d a888ts Cor• Restrlct•d ¢08ts funds Total At 1 September 2023 2,466,566 174,608 1,884,670 492,217 5,018,061 Nel Increas81(d8crea88) for th8 year (780,027) (203,007) (983,034) Transfer betw88n fund8 330,502 (30.502) (300,000) Unreallsed galn on revaluatbn of Inveslment8 147,943 9,537 157,480 At 31 August 2024 2 184,984 144 106 1594.207 289 210 4 212 $07 Page 28
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THeYEAR ENDED 31 AUGUST 2024 MOVEMENT IN RETRICTED FUNDS At 1 Soptsmber Incomlng Resources 2023 rosources expended At 31 August 2024 Anonyrrrfjus DeveloprM* kniect Assura Communlty FUNI Barclays Charlty Fund BBC Chlldr8n In Need 8lg Glve Trust Chldwlck Trust Cooperatlve Group (Funeral Care) Ecdeslastlcal Insurance Elllott's Footprtnl February Foundatlon G8rfi8ld Weston FoundaiK Glna Levltt GlaxoSmlthKline Halton Borough Councll John Coates Charttable Trust King Baudouln Foundation Leeds Cty CourKII Natlonal Lottery Cornm1ty Fu1 - Bimilngham NHS Greater Glasg¢)w Ctydè arKI Glasgow Chlldren's HOS81 Charity NHS Llvwpool Commlssionlng Group Portmore Charltable Twst Rlchard Houghton Scottlsh Govemment CYPFEIF and Alec Fund) The 2020 Challenge The Bemard Sunley Charitable Foundauon The Carole & Geoffrey Lawson Foundauon The Clare Foundation The John Rouuedge Hunter Memorfal Fund The Openwork Foundatlon Tudor Caytsl Valero Enargy Limlied Wllllam A Cadbury charabl0 Trust Olher 100.000 25.000 100.000 23.940 12,373 10,000 30.102 13,271 12.373 10.000 14.331 30,102 15,000 12,500 20,000 15,425 5,000 20,000 12.500 124.150 60,929 20.000 40.962 15,000 12,500 20,000 15,425 5,000 20.000 12.500 91,731 62.097 7.353 14.435 40.274 1,168 72,693 12.647 26.527 133.444 130.034 4.390 2,745 114,935 2,745 149,346 80,019 45.608 10,000 10,000 15.000 10,000 10,000 15,000 8.214 243.713 2,917 113,786 112,485 241,734 2,917 7,515 1,979 11,752 6,333 5,419 18,210 5.980 18210 13.332 15.000 7.648 4.365 4,365 17.951 20.875 17.333 20,000 33,374 2.049 24.124 11.625 17.333 492.217 1,036,001 1,239,008 289.210 Page 28
CHILD 8EREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS . contlnued Flxed asset Inveslmonts Flxed Asset Investments represents the d8slgnated fund put 88lda by the Trustees to protect the charlvs ablllty to meet employment obllgallons and other essentlal core costs In the future for the long term su8taln8blllty of the charlty. Restrlctsd funds Anonymous Dovelopment Projoct A grant lo provlde support servlces and ¢)rganl8atlon81 nelwork d6velopm8nt and tralnlng In the North ol England. Assura Communlty Fund A grant to support thè bereavem8nt 88rvlco In Chejhlro. Barclays Charfty Fund A grant to provlde an early Intervenllon programme on the Helpllne. BBC Chlldrnn In Ne•d A grant lo provlde b8reavemenl 8UPPOrt 8ervlce8 to chlldren and young p8opl8 In Cheshlfe. Blg Glve Trust A matched fvndlng campalgn. Chldwlck Trust A grant lo support the bereavement seThlce In the South East. Coopqratlve Group (Funeral Care) A grant to develop the Wiat18 Grlef anlmallon. Eccleslastlcal In•urance A grant to provld8 helpllne 8UPPOrt to famllles and profes8lonal8. Elllot'8 Footprlnt A granl to develop resources lo support parents. guardlans and carers. Febnmry Foundatlon A grant to provlde support 88rvlces and ¢)rgan18atlonal network development and tralnlng In the North of England Garflold Weston Foundatlon A grant lo support the North Outreach ProJe¢l. Page 29
CHILD 8EREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS- conllnued Glna Levett A grant to provide servlces to chldren and young people. GlaxoSmlthKllne A grant to support our West LK10n cenlre. our tralnlng actsviknes across the UK and families bereaved by hornici(le in Scotland. Halton Borough Councll A grant to provide bereavement supwl servlces In Hallon. John Coatss Charltabl• Trust A grant to pro8 bffeavement Sup[ swvkes in LorKlon. Ing Baudouln Foundalfon A grant to support lo famlli8s and develop educatlon arKI training resources. Leeds Clty Councfl A grant to provide a chllth) and famlly ber8avant servKe In Leeds. Natlonal Lottery Communlty Fund - Blrmlngham A three year grant to wovlde a chiklren and family bereavement service In Bimiingham. NHS Greater Glasgow and Clyde and Glasgow Chlldrnn's Hospltal Charfty A grant to provlde a bereavent support servlc8 for bereaved famllles and staff. NHS Uvorpool Commlsslonlng Group A grant to support advlce aThJ guldance to chlldren. young peoplg. thelr famllles and carers. Other A fund for small grants or wt whlch were spent In the year that th8y were received, and where the donor does not requlre the grant to be Itemlsed. Portmore Charltablo Tntst A grant to provldg a chlldren and fam51y bwaavement 88rvk8 In Scolland. Rlchard Houghton A grant to support the cost of a coordlnator. Scottlsh Government (CYPFEIF and ALEC Fund) A grant to develop netrwcwk and care pathways for chlld bereavement support Sn Socially deprived areas of Scotland. The 2020 Challenge A donatton to fund the developmenl of a comprehensive hybrid model ol virtual, leleptrM)ne and face- face support for famllies bereaved of chlldren and children faclng bereavement, and to further develop the Charitys Support and lnf¢)Mian service and programme of training to support other organlsallons nallonalty and Internanaty. The Bernard Sunley Charltable Foundatlon A grant to provlde support services in Cumbrfa and Cheshlre. Page 30
CHILD BEREAVEMENT UK NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDEO 31 AUGUST 2024 MOVEMENT IN FUNDS - conllnued The Carole & Geoffrey Lawson Foundatlon A grant to deliver bereavement awareness tralnlng to sGhools and to develop Refugee & Asylum Seeker Support. The Clare Foundatlon A grant to provide support to schools In 8ucklngham8hlre. The John Routledge Hunter Memorlal Fund A grant to provlde support servlces In Northumb8rfand and Tyne & Waar. The Openwork Foundatlon A grant to support services in Milton Keynes. Tudor Capltal A granl to provide support services In London Valero Energy Umlted A grant to provlde support services In London. Wllllam A Cadbury Charltable Trust A grant to support educatlon training In the West Mldlands. RELATED PARTY DISCLOSURES Durlng the year tolal costs of £20,818 in relallon event catering services where Incurred from a company which a Trustee. Therese Mayhew is a Dlrector of. There was no balance outstandlng In relaiion to thls company at the yearend. MEMBER'S LIABILITY Every member of the Charity undertakes to contrlbute to the assats of the Charlty. In the event of the same being wound up whlle they are a member. or wlthln one year after they cease to be a member. such amount as may be requlred nol exceedlng £1. Page 31