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2026-01-31-accounts

Company registration number 8210064 (England and Wales) Charity registration number 1045928 (England and Wales)

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr R H Buckland
Dr B Malcolm
Dr J Frankish
Mr K Harding
Mr R Braddick
Mr M Evans
Mr D Sparrey
Mr J Barker
Secretary Dr R H Buckland
Charity number 1045928
Company number 8210064
Principal address Speenholme
Primrose Lane
Northam
Bideford
Devon
EX39 1NR
Registered office Simpkins Edwards LLP
Millennium House
Brannam Crescent
Roundswell Business Park
Barnstaple
United Kingdom
EX31 3TD
Independent examiner Mr J Welton FCA CTA
Simpkins Edwards LLP
Millennium House
Brannam Crescent
Roundswell Business Park
Barnstaple
EX31 3TD

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 11

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 JANUARY 2026

The trustees present their annual report and financial statements for the year ended 31 January 2026.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's, the Companies Act 2006 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's aims are to raise money through donations and fundraising activities, with the intention being to provide an overseas holiday, or other holiday, or recreational activity, not normally available to severely ill children or children with a major disability with the aim of improving their quality of life.

The charity has significant investment income to continue to support the charities aims, where there is an expectation that the income received from donations and legacies will decrease.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity does not have any employees and so is entirely supported through volunteers.

Achievements and performance

The charity has successfully generated income resources and funds to the value of £48,803 plus £1,506 in gift aid, through donations and fundraising events, this was an increase of £30,887.

Financial review

The surplus for the period amounted to £20,579 (2025 - surplus of 27,964) which when added to the balance brought forward means that reserves have increased to £522,902 (2025 - £502,323). The difference between the net movement in funds between years reflects a significant rise in costs with increases in donations and on investments not subsidising this.

The surplus has been generated due to the performance of the investments this year with the costs of trips outweighing the income generated by donations and charitable activities in the year. The net movement in funds between years is fully reflective of these factors.

During the year, the charity has incurred holiday expenses of £49,027 and governance costs of £6,867. These governance costs include accountancy fees, printing, postage & stationery and sundry expenses.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have opted to retain a large reserves balance in the year, so that they are able to meet the costs of the charity if there should be a drop in income in the future.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

Structure, governance and management

The charity is a company limited by guarantee without share capital use of 'Limited' exemption and is governed by a trust deed dated 6 April 1995.

The charity registration number is 1045928, charity aims to benefit North Devon primarily but also Devon, Cornwall, Somerset, Avon and Dorset.

The principal address for the charity is Speenholme, Primrose Lane, Northam, North Devon, EX39 1NR.

The trustees trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr R H Buckland Dr B Malcolm Dr J Frankish Mr K Harding Mr R Braddick Mr M Evans Mr D Sparrey Mr J Barker

The Charity advertises locally for new Trustees, mainly appealing to business professionals in the Torridge area and those who have registered that their interests align with the charities focus. Interested parties are invited to attend a meeting to see what is involved.

All Trustees are proposed and seconded by attendees at the AGM.

The report was approved by the Board of Trustees.

Dr R H Buckland

30 June 2026

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

I report to the trustees on my examination of the financial statements of Childrens Holiday Foundation North Devon (the charity) for the year ended 31 January 2026.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

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:

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.

Mr J Welton BA (Hons) FCA CTA for and on behalf of Simpkins Edwards LLP

Millennium House Brannam Crescent Roundswell Business Park Barnstaple Devon EX31 3TD 30 June 2026

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 JANUARY 2026

Unrestricted Unrestricted
funds funds
2026 2025
Notes £ £
Income from:
Donations and legacies 2 31,116 10,047
Charitable activities 3 18,968 9,015
Investments 4 225 360
Total income 50,309 19,422
Expenditure on:
Charitable activities
Holidays 5 49,027 43,037
Governance Costs 5 6,867 6,576
Total charitable expenditure 55,894 49,613
Total expenditure 55,894 49,613
Net gains on investments 9 26,164 58,155
Net income and movement in funds 20,579 27,964
Reconciliation of funds:
Fund balances at 1 February 2025 502,323 474,359
Fund balances at 31 January 2026 522,902 502,323

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

BALANCE SHEET

AS AT 31 JANUARY 2026

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds		 2026
£
7,294
25,957
33,251
1,671		 £
-
491,322
491,322
31,580
522,902
522,902
522,902		 2025
£
8,083
35,662
43,745
1,000		 £
190
459,388
459,578
42,745
502,323
502,323
502,323

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2026.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 30 June 2026

Dr R H Buckland

Trustee

Company registration number 8210064 (England and Wales)

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

1 Accounting policies

Charity information

Childrens Holiday Foundation North Devon is a charity established and governed by a Trust Deed dated 6 April 1995. It is registered with The Charity Commmission under reference number 1045928, The Charity was incorporated on 11 September 2012.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, 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 are prepared in sterling, which is the functional currency of the charity. Monetary amounts 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 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 trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees 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 trustees in furtherance of their charitable objectives.

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.

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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

1 Accounting policies

(Continued)

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers

25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2026 2025
£ £
Donations and gifts 31,116 10,047
Unrestricted Unrestricted
funds funds
2026 2025
£ £
Golf Days 2,850 6,960
Fundraising 16,118 2,055
18,968 9,015

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

4 Income from investments

Unrestricted Unrestricted
funds funds
2026 2025
£ £
Interest receivable 225 360

5 Expenditure on charitable activities

Holidays Governance
Costs
2026
2026
£
£
Direct costs
Depreciation and
impairment
-
190
Holiday Costs
49,027
-
Accountancy
-
1,691
Printing, Postage &
Stationary
-
578
Sundry Expenses
-
177
Investment Charges
-
4,231
49,027
6,867
Analysis by fund
Unrestricted funds
49,027
6,867		 Total
Holidays Governance
Costs
2026
2025
2025
£
£
£
190
-
191
49,027
43,037
-
1,691
-
1,034
578
-
368
177
-
169
4,231
-
4,814
55,894
43,037
6,576
55,894
43,037
6,576		 Total
2025
£
191
43,037
1,034
368
169
4,814
49,613
49,613

6 Auditor's remuneration

Fees payable to the charity's auditor and associates: 2026 2025
£ £
For audit services
Independent examination of the financial statements of the charity 600 -

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

8 Employees

The average monthly number of employees during the year was:

2026 2025
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

9 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2026 2025
Gains/(losses) arising on: £ £
Revaluation of investments 26,164 58,155

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 February 2025 763
At 31 January 2026 763
Depreciation and impairment
At 1 February 2025 573
Depreciation charged in the year 190
At 31 January 2026 763
Carrying amount
At 31 January 2026 -
At 31 January 2025 190

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

12 Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 February 2025 459,388
Additions 50,000
Valuation changes 21,934
At 31 January 2026 531,322
Impairment
At 1 February 2025 -
Disposals 40,000
At 31 January 2026 40,000
Carrying amount
At 31 January 2026 491,322
At 31 January 2025 459,388
13 Debtors
2026 2025
Amounts falling due within one year: £ £
Prepayments and accrued income 7,294 8,083
14 Creditors: amounts falling due within one year
2026 2025
£ £
Accruals and deferred income 1,671 1,000
15 Unrestricted funds
At 1 February Incoming Resources Gains and
At 31 January
2025 resources expended losses 2026
£ £ £ £ £
General funds 502,323 50,309 (55,894) 26,164 522,902
Previous year: At 1 February Incoming Resources Gains and
At 31 January
2024 resources expended losses 2025
£ £ £ £ £
General funds 474,359 19,422 (49,613) 58,155 502,323

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

16 Related party transactions

There were no disclosable related party transactions during the year (2025 - none).