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← Care For Children

2024-12-31-accounts

Registered number: 05538700 Charity number: 1072199

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Auditors' Report on the Financial Statements 10 - 13
Consolidated Statement of Financial Activities 14
Consolidated Balance Sheet 15 - 16
Charity Balance Sheet 17 - 18
Consolidated Statement of Cash Flows 19
Notes to the Financial Statements 20 - 36

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Mr Jonathan Scott
Dr Robert Glover OBE
Canon Sue Johns
Mr Mark Stolkin (resigned 10 April 2025)
Mr David Devenish
Mr Edward Amies
Mr Nick Chance CVO
Mr Lorne Armstrong
Liu Liu
Company registered
number
05538700
Charity registered
number
1072199
Registered office
3 The Close
Norwich
Norfolk
NR1 4DH
Company secretary
Mr Andrew George
Executive Director
Dr Robert Glover OBE
Independent auditors
MA Partners Audit LLP
Chartered Accountants and Statutory Auditors
7 The Close
Norwich
Norfolk
NR1 4DJ
Bankers
HSBC
London Street
Norwich
Norfolk
Bank of China
Beijing San Yuan Qiao
Sub-Branch No. A1
Shuguang Xili
Chaoyang District
Beijing, China

Page 1

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the audited financial statements of the charity for the year 1 January 2024 to 31 December 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the charity qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Members' liability

The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Executive Summary

The incoming resources for the year were £1,742,131 (2023: £1,545,321) expenditure for the year was £1,709,462 (2023: £1,557,665) making a surplus (2023: deficit) for the year of £32,669 (2023: £12,344).

Structure, governance and management

a. Constitution

Care for Children was incorporated on the 13th of March 1998. The charity was first registered by the Companies House in the UK, and as a Guernsey charity with the Charity Commission Reg No 1072199 on the 29th of October 1998. The company issues two shares following contributions from John Langlois and Robert Glover and issued its Memorandum and Articles of Association on the 13th of March 1998.

The company is registered charitable company limited by guarantee and was set up by a Memorandum of Association on the 17th of August 2005. The charitable company was established with the intent to pass operations of the Guernsey registered company, Care for Children, to the UK Company, which was undertaken on the 23rd of May 2006, and also to act as 'parent' to the other Group entities.

b. Methods of appointment or election of Trustees

The management of the Group and the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Trustees delegate the running of the charity to the Executive Director and the Executive Director reports back to the Trustees by sending regular reports by e-mail and attending the majority of the Trustees' meetings with reports on the running of the charity and developments in the projects.

Details of the charity's subsidiaries are given in note 25. Care for Children USA is a separate entity registered with a 501 c3 in US law.

Page 2

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

d. Policies adopted for the induction and training of Trustees

The current Trustees are responsible for the induction of any new Trustees, which involves awareness of a Trustee's responsibilities, the governing document, administrative procedures and the history of the charity. New Trustees receive a welcome pack which includes copies of the previous year's annual report and accounts; a brief history of the charity; a copy of the governing document and a copy of the Charity Commission guidance The Essential Trustee: What you need to know and Public Benefit: running a charity (PB2).

e. Pay policy for key management personnel and related party relationships

Details of Trustees’ remuneration is given in note 11 of the financial statements. In addition, details of other related party transactions are given in note 24.

f. Risk management

The Board constantly bears in mind its vulnerability in the event of adverse circumstances, such as the loss of key staff (primarily the Executive Director), the failure to raise sufficient funds to fund its projects and the possibility of the political climate for its projects changing. It has from time to time conducted reviews to assess major risks and put in place procedures to mitigate adverse circumstances.

Significant risks to funding have led to the development of a strategic plan to diversify funding sources, primarily in the United States, United Kingdom and Asia.

Plans for future periods

Care for Children always aims to encourage and support governments with a roadmap to social welfare reform developing Family Care as an alternative to institutional care.

ENGAGE – INFLUENCE – IMPLEMENT – EXIT

The documentary is becoming a game changer for countries, it shows the clear outcomes of family life. These are the engagers in our strategy.

We have regional conferences to influence countries to move from institutions to families in Armenia (Middle East). These conferences are the influencers in our strategy.

Once engaged and influenced; the ‘My Family’ digital and online training resource becomes the tool with which we can implement our strategy.

Once the project work has been successfully implemented, Care for Children continues to work closely with the project country to exit well, freeing resources and time for new project opportunities.

Page 3

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Plans for future periods (continued)

Operational Strategy

1. Strategic

Care for Children enters strategic partnerships with national government authorities. This takes place in the form of a cooperation agreement with the relevant Ministry that oversees child welfare development.

2. Developmental

The cooperation agreement authorises Care for Children's project team to work directly with local government authorities to develop family based care in the local community, usually operating out of the government run institution.

3. Sustainable

Care for Children's project team develops a training programme tailored specifically for the cultural and political context of the country, retaining institutional staff to place and monitor children in foster families, and in accordance to the United Nations guidelines for the alternative care for children.

Project stages

There are four primary stages to Care for Children's project work:

Children of Shanghai

We expect many more direct and indirect fundraising opportunities with this heart-warming film.

Project Data Tool (PDT)

The Project Data Tool is an online facility to gather, manage and use information directly from the project sites into a central resource. The key importance of the PDT is that it allows us to track the expectation of the donor to the grassroot project outcomes, and then report back to all stakeholders.

Reorganisation Asia Regional Team (ART)

Following the successful exit from China, we have relocated some Chinese staff to use their experience and expertise from the China project by being part of the Asia Regional Team, a peripatetic team that now supports and trains countries in South East Asia. This reorganisation has helped focus the main expertise in the region and keeps the focus of both training and methodology to place children in the countries we are working. The ART is supporting the development and delivery of ‘My Family’, Care for Children’s online and digital training resource.

Page 4

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Plans for future periods (continued)

My Family

We are collaborating with a team of technology experts to develop an online training package that represents a major step forward in our strategy for family placement training. 'My Family' is designed to make Care for Children more adaptable, agile, and accessible, catering to diverse cultures and languages while streamlining our training processes globally. It empowers us to maintain the highest international standards in child welfare reform while offering cost-effective and efficient strategies for our teams worldwide. This initiative is a crucial part of our new strategic plan, which focuses on establishing regional hubs in strategic locations around the world. This will allow us to deliver our training more easily into different countries by overcoming geographical barriers, making it simpler and quicker for practitioners and families to understand the responsibilities, challenges, and rewards involved in offering a home to orphans and vulnerable children.

Our Asia Regional Team has been leveraging their extensive experience, particularly from the success of the China project, to develop training materials for 'My Family'. Their expertise is invaluable in tailoring culturally specific training materials, which is key to ensuring the highest standard of training is delivered.

Looking ahead, we are preparing to trial 'My Family' to enhance our ongoing training programs and assess the efficacy of the platform as a training tool. If successful, we aim to deliver the final product to the Singapore government to support their commitment to placing two-thirds of all children in care into loving, local families. We’re excited to see the potential of 'My Family' realized as we continue to support governments around the world in their transition towards family care.

Page 5

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities

a. Policies and objectives

Mission & Vision

Mission

Vision

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance Public benefit: running a charity (PB2) .

Achievements and performance

a. Review of activities

2024 marked a pivotal year of strategic growth, global engagement, and strengthened partnerships for Care for Children. With fresh momentum, new partnerships, and increased funding, the organisation advanced its mission to see every child in a safe, loving family.

The year began with high-level engagement at the National Prayer Breakfast in Washington, D.C., where Children of Shanghai was screened to an influential audience. After the documentary a young man approached me (Robert Glover) saying he remembered me from when he was placed from the Wuhan Children’s Institution into his family over 20 years ago (see below photo). This event sparked meaningful conversations around scaling family-based care globally.

In the months that followed, strategic dialogues expanded into the Caribbean and Central America, exploring opportunities for new regional HUBs, while vision-casting sessions regarding Africa began in February.

Page 6

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

By March, efforts turned towards Asia, with significant groundwork laid in Singapore, and partnerships formed with MSF and Gnowbe to pilot a digital learning platform—advancing accessible, scalable training in familybased care.

In May, a return visit to Nassau deepened regional collaboration and commitment to family-first care solutions. The summer saw a key U.S. board meeting, followed by an inspiring session with author and speaker Francis Chan, reinforcing our shared vision and values. After a brief pause for medical recovery, the autumn months were marked by renewed focus and activity.

In October Care for Children took an active role in Greece’s national childcare reform conference (below photo).

In November Care for Children shared insights at the Asia Family Conference in Singapore region (below photo).

2024 was not just a year of activity—it was a year of advancing a movement. As we look to the future, we remain committed to delivering scalable, sustainable, and transformational solutions for children in need.

Page 7

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

b. Fundraising activities and income generation

In 2024 Care for Children hosted a remarkable fundraising event aboard the vessel Dolce moored in Singapore gathering friends and supporters from across the region.

The year concluded with a prestigious Charity Gala Dinner at Hampton Court Palace, attended by our Royal Patron, His Royal Highness Prince Michael of Kent. This memorable evening celebrated a year of growth, global impact, and unwavering dedication to transforming the lives of vulnerable children through the power of family.

Financial review

a. Going concern

The trustees have considered the financial position of the charity and Group at 31 December 2024. As at the date of this report, the charity has continued to meet its liabilities. The trustees are confident that the charity and Group can continue its successful track record of securing the funds needed to support its valuable work. This will be achieved by the senior managers and fundraising team applying for grants and donations. The charity’s annual budgets and fundraising log demonstrate how the income will be raised to meet all the charitable expenditure and support costs. These financial statements have been prepared on the going concern basis.

b. Reserves policy

The policy of the board is to seek to build up a reserve of unrestricted funds equivalent to two months normal operating expenses, or £250,000 whichever is the greater, as a buffer against the inevitable cyclical nature of donations raised by fundraising activities. In order to build this unrestricted reserve, the Company sets aside funds in a separate bank deposit account. At this level the board is confident that it could continue the core activities of the charity during a cyclical reduction of funding, when it would be able to achieve a reduction of its programme of activities consistent with a lower funding level.

c. Material investments policy

The charity has the power to deposit or invest in any manner (but to invest only after obtaining such advice from a financial expert as the directors consider necessary and having regard to the suitability of investments and the need for diversification).

Page 8

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 statemont of Tru6teo6' responslbllitles The Trustees (who are also the directors of Ihe charity for the purp05e5 of company law) are responsible for preparing the Trustees, Report and Ihe financial statements in accordance wlh applicable law and Uniled Kingdom A¢countlng Slandards (United Klngdom Generally Accepted Accounting Practlce). Company law requires Trustees to prepar6 finandal statements for each financlal . Under company law, th8 Trusteas must not approve Ihe financial statements unless they are satisfied that they glve a tnje and fair view of the state of affairs of the Group and the charity and of their incoming resourc8s and applleation of resources, includlng thelr income and expenditure, for that parlod. In preparfng these financial statements, the frusteg5 are required to,. select sultsble acCoun￿ng pollcles and then appty thèm consistently, obs8Ne Ihe methods and principles of ihe Charftlgs SORP (FRS 102): make ludgments and accounting 6stlmates that are rea50nabl8 and prudent; state whether applicab￿ UK Accoundng Slandards (FRS 102) have b8en followed, subl8Ct to any material departures disclosed and explained in the flnancial stal8ments: prepare Ihe financial statements on ihe going concern basis unless it is inappropriale to presum8 that the Group wlll continue in business. The Trustees are r&sponsible for keeping ad8qU8te accounting records thal are sufficient to show and explaln the Group and the charitls Iransactlons and disclose with reasonable accuracy at any time the financlal positlon of the Group and the charity and enable them to ensure that the financlal statements cornply wlth th8 Companiès Act 2006. They are also responsSble for safeguardlng the assels of the Group and the charfly and hence for taking reasonab￿ steps for the preVen￿'on and det6citon of fraud and other irregularities. Dlsclosure of Informatlon to audltors Each of Ihe per8on8 who are Truslees at the tlme when thls Truslees, Report Is approved has conflrmed that: so far as that Trustee 15 aware, there Is no relevant audit information of which the cherllable Group's audltors are unaware. and that Truste8 has taken all the steps that ought lo have been laken as a Truste8 in order to ba aware of any relevant audit infomiation and to establish Ihat the charitable Group's auditors are aware of that Inft)rmation. Audllors The audttors, MA Partners Audit LLP, h8ve indic8l8d ih81r willingness to continu8 in offlce. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustee5. Approved by order of the rneMbe￿ of the board of Trustees and signed on Iheir behalf by. Dr Robert Glov¢r OBE Date: IF 102S Page g

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CARE FOR CHILDREN (UK)

Opinion

We have audited the financial statements of Care for Children (UK) (the 'parent charitable company') and its subsidiaries (the 'Group') for the year ended 31 December 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 10

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CARE FOR CHILDREN (UK) (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CARE FOR CHILDREN (UK) (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the parent charitable company and Group.

Our approach was as follows:

Page 12

(A Company Limited by Guarantee)

CARE FOR CHILDREN (UK)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CARE FOR CHILDREN (UK) (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

MA Partners Audit LLP

Chartered Accountants and Statutory Auditors 7 The Close Norwich Norfolk NR1 4DJ

29 September 2025

MA Partners Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 13

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
946,739
2,396
949,135
241,798
529,856
771,654
177,481
(2,135)
175,346
92,158
175,346
267,504		 Restricted
funds
2024
£
792,996
-
792,996
-
937,808
937,808
(144,812)
2,135
(142,677)
360,473
(142,677)
217,796		 Total
funds
2024
£
1,739,735
2,396
1,742,131
241,798
1,467,664
1,709,462
32,669
-
32,669
452,631
32,669
485,300		 Total
funds
2023
£
1,544,120
1,201
1,545,321
186,298
1,371,367
1,557,665
(12,344)
-
(12,344)
464,975
(12,344)
452,631

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 20 to 37 form part of these financial statements.

Page 14

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee) REGISTERED NUMBER: 05538700

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Intangible assets
12
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 51,326
493,351
544,677
(59,377)		 2024
£
-
485,300
485,300
485,300
217,796
267,504
485,300		 139,023
341,804
480,827
(63,361)		 2023
£
35,165
417,466
452,631
452,631
360,473
92,158
452,631

Page 15

CARE FOR CHILDREN (UK) (A Company Llmlted by Guarantee) REGISTERED NUMBER: 05538700 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The charfty was enlltled to éxémmion from audit under sectlon 477 of Companles Act 2006. The members have not requir8d the entity to obtain an audil for the year in question in accordance with section 476 of the Companles Act 2006. However. an audtt is r8qulred In arthrdance wlth secti¢n 151 of the Charities Act 2011. Th8 Trustees acknowledge thelr responsbi 11 ities for complying wilh the requI￿rnents of the Act with r8specl lo accounting records and preparation of finandal ststsments. The financial statements have been pYep8red In accordance wilh ts provisions applicable to entitles subject to the small companies regimè. The financial Statemenis were approved and authori8ed for issue by the Trustees and sSgned on Ihelr behalf by: Dr Robert Glov•r OBE Date: IF 2025 The notes on pages 20 to 36 form part ol thesé finandal statements. Page 16

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee) REGISTERED NUMBER: 05538700

CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Intangible assets
12
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
Unrestricted funds
Total funds		 51,326
274,644
325,970
(56,880)		 2024
£
-
269,090
269,090
269,090
217,797
51,293
269,090		 139,023
273,430
412,453
(62,642)		 2023
£
35,165
349,811
384,976
384,976
360,473
24,503
384,976

Page 17

CARE FOR CHILDREN {UK) (A Company Llmlled by Guarantse) REGISTERED NUMBER: 05538700 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The charity was entllled to exemption from audlt under section 477 of the Companias Acl 2006. The rnembers have not required the entity to obtain an audit for Ihe year in queslion in accordance with sectlon 476 of tho Companles Act 2006. However, en audlt Is requlred In accordance wlth secllon 151 of the Charltl88 Act 2011. The Trustees acknowledge their responsibilities for complylng With th8 r8quir8m8nts of Ihe Act with respect to accountlng records and preparatlon of flnancial statements. Th8 financial statements have been prepar8d in 8ccordance wlth Ihe provlslons appllcable lo entilies subject to the small compani88 regimè. Th6 financlal statements were approved and authorised for i8sue by the Truslaes and 51gned on thelr behalf by,. Dr Robert Glover OBE Date: IF b£J/ IG Is The notes on pages 20 to 36 fonn part of these financlal statements. Page 18

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Cash flows from operating activities
Net cash used in operating activities
19
Cash flows from investing activities
Dividends, interests and rents from investments
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20
The notes on pages 20 to 37 form part of these financial statements		 2024
£
149,151
2,396
2,396
151,547
341,804
493,351		 2023
£
32,569
1,201
1,201
33,770
308,034
341,804

Page 19

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The charity is a private company limited by guarantee and incorporated in England and Wales. The members of the charity are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Care for Children (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

2.2 Going concern

The Trustees are confident that the charity can continue its successful track record of securing the funds needed to support its valuable work. This will be achieved by the senior managers and fundraising team applying for grants and donations. The charity’s annual budgets and fundraising log demonstrate how the income will be raised to meet all the charitable expenditure and support costs. The Trustees therefore consider it appropriate to prepare these financial statements on the going concern basis.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 20

(A Company Limited by Guarantee)

CARE FOR CHILDREN (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated Statement of Financial Activities upon the completion of the relevant performancerelated conditions. Other grants that are not subject to performance-related conditions are credited to the Consolidated Statement of Financial Activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Foreign currencies

The charity’s functional and presentational currency is GBP.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Consolidated Statement of Financial Activities.

2.8 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 21

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.9 Intangible assets and amortisation

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Documentary and website

20 % straight line

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.13 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Operating leases

Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight line basis over the lease term.

2.15 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

Page 22

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgment

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgement in applying the Group’s accounting policies.

Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including expectations of future events that may have a financial impact on the entity and that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Page 23

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from donations and legacies

Unrestricted
funds
2024
Restricted
funds
2024
£
£
Donations
946,739
151,456
Grants
-
641,540
Total 2024
946,739
792,996
Total 2023
642,719
901,401
5.
Investment income
Unrestricted
funds
2024
£
Bank interest
2,396
6.
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
£
Costs of raising voluntary income
137,009
Costs of raising voluntary income - wages and salaries
104,789
241,798		 Total
funds
2024
£
1,098,195
641,540
1,739,735
1,544,120
Total
funds
2024
£
2,396
Total
funds
2024
£
137,009
104,789
241,798		 Total
funds
2023
£
642,719
901,401
1,544,120
Total
funds
2023
£
1,201
Total
funds
2023
£
92,749
93,549
186,298

Page 24

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2024
£
Direct costs
529,856
Total 2023
553,229
8.
Analysis of expenditure by activities
Activities
undertaken
directly
2024
£
Direct costs
1,136,446
Total 2023
1,049,342
Analysis of direct costs
Staff costs
Project expenses
Travel
Office rent		 Restricted
funds
2024
£
937,808
818,138
Support
costs
2024
£
331,218
322,025		 Total
2024
£
1,467,664
1,371,367
Total
funds
2024
£
1,467,664
1,371,367
Total
funds
2024
£
638,710
230,678
196,098
70,960
1,136,446		 Total
2023
£
1,371,367
Total
funds
2023
£
1,371,367
Total
funds
2023
£
580,699
258,526
118,244
91,873
1,049,342

Page 25

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Governance costs
Office expenses and stationery
Amortisation
Miscellaneous
Premises
Office rent
Foreign exchange
Bank charges and interest		 Total
funds
2024
£
116,569
52,699
44,027
35,166
29,099
22,691
19,807
7,581
3,579
331,218		 Total
funds
2023
£
99,449
49,900
45,449
66,289
5,406
20,085
21,822
10,373
3,252
322,025
9. Auditors' remuneration
2024 2023
£ £
Fees payable to the charity's auditor for the audit of the charity's annual
accounts 11,000 8,400
Fees payable to the charity's auditor in respect of:
All non-audit services not included above 1,996 1,919

10. Staff costs

Wages and salaries
Social security costs
Operating costs of defined benefit pension
schemes		 Group
2024
£
721,096
107,763
31,209
860,068		 Group
2023
£
673,592
72,737
27,368
773,697		 Trust
2024
£
666,958
107,763
31,209
805,930		 Trust
2023
£
633,380
72,737
27,368
733,485

Page 26

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

Management staff
Project staff		 Group
2024
No.
12
14
26		 Group
2023
No.
10
19
29

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
No. No.
In the band £90,001 - £100,000 1 1

The total remuneration for key management personnel for the year totalled £253,464 ( 2023: £ 234,278).

11. Trustees' remuneration and expenses

During the year, one Trustee has been paid remuneration for employment as Executive Director of the charity as follows:

2024 2023
£ £
Dr Robert Glover OBE Remuneration 85,830 82,579
Pension contributions paid 8,583 8,258

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 27

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Intangible assets
Group and Trust
Cost
At 1 January 2024
At 31 December 2024
Amortisation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Documentary
and website
£
327,705
327,705
292,540
35,165
327,705
-
35,165

Page 28

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. Tangible fixed assets

Group and Trust

Cost or valuation
At 1 January 2024
At 31 December 2024
Depreciation
At 1 January 2024
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Debtors
Due within one year
Other debtors
Prepayments and accrued income		 Group
2024
£
31,300
20,026		 Motor
vehicles
£
13,883
13,883
13,883
13,883
-
-
Group
2023
£
21,901
117,122
139,023		 Office
equipment
£
17,090
17,090
17,090
17,090
-
-
Trust
2024
£
31,300
20,026
51,326		 Total
£
30,973
30,973
30,973
30,973
-
-
Trust
2023
£
21,901
117,122
139,023
51,326

14. Debtors

Page 29

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2024
£
12,398
11,525
35,454
59,377		 Group
2023
£
12,284
19,069
32,008
63,361		 Trust
2024
£
12,398
9,028
35,454
56,880		 Trust
2023
£
12,284
18,350
32,008
62,642

Page 30

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Cambodia fund
Vietnam fund
Armenia fund
Digitalisation
Other restricted
Medical procedure
Total of funds		 Balance at 1
January
2024
£
92,158
212,109
15,771
63,423
69,170
-
-
360,473
452,631		 Income
£
949,135
176,900
24,660
154,500
228,183
187,516
21,237
792,996
1,742,131		 Expenditure
£
(771,654)
(389,009)
(40,431)
(10,127)
(299,488)
(177,516)
(21,237)
(937,808)
(1,709,462)		 Transfers
in/out
£
(2,135)
-
-
-
2,135
-
-
2,135
-		 Balance at
31
December
2024
£
267,504
-
-
207,796
-
10,000
-
217,796
485,300

The Developing Thailand family-placement programmes is for the development of foster care in Thailand.

The Cambodia fund is for international meetings and visits to further promote fostering in Cambodia.

The Vietnam fund is for is for the development of foster care in Vietnam.

The Armenia fund is for is for carry out baseline research on fostering services in Armenia. To provide technical and professional support to MLSA. To help inform the development of the RA Government’s Codes of Practice and National Minimum Standards in family placement care, and any supportive policy and legislative developments and to manage a Regional Family Placement Conference.

Digitalisation Fund is for the development of a website providing a wealth of online resources in family placement to ensure our training is as accessible as possible.

The Medical Procedure fund relates to a donation received from a third party to fund a medical procedure for Robert Glover.

Page 31

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Developing Thailand family-placement
programmes
Cambodia fund
Vietnam fund
Armenia fund
PPE
Digitalisation
Total of funds		 Balance at
1 January
2023
£
187,765
Balance at
1 January
2023
£
-
112,867
-
-
4,100
160,243
277,210
464,975		 Income
£
643,920
Income
£
74,518
451,150
114,959
187,274
-
73,500
901,401
1,545,321		 Expenditure
£
(739,527)
Expenditure
£
(74,518)
(351,908)
(99,188)
(123,851)
(4,100)
(164,573)
(818,138)
(1,557,665)		 Balance at
31
December
2023
£
92,158
Balance at
31
December
2023
£
-
212,109
15,771
63,423
-
69,170
360,473
452,631

Page 32

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
January
2024
£
92,158
360,473
452,631		 Income
£
949,135
792,996
1,742,131
Balance at
1 January
2023
£
187,765
277,210
464,975		 Expenditure
£
(771,654)
(937,808)
(1,709,462)
Income
£
643,920
901,401
1,545,321		 Transfers
in/out
£
(2,135)
2,135
-
Expenditure
£
(739,527)
(818,138)
(1,557,665)		 Balance at
31
December
2024
£
267,504
217,796
485,300
Balance at
31
December
2023
£
92,158
360,473
Summary of funds - prior year
General funds
Restricted funds
452,631

18. Analysis of net assets between funds Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Current assets
326,881
Creditors due within one year
(59,377)
Total
267,504		 Restricted
funds
2024
£
217,796
-
217,796		 Total
funds
2024
£
544,677
(59,377)
485,300

Page 33

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Intangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
35,165
120,354
(63,361)
92,158		 Restricted
funds
2023
£
-
360,473
-
360,473		 Total
funds
2023
£
35,165
480,827
(63,361)
452,631

19. Reconciliation of net movement in funds to net cash flow from operating activities

20.

Net income/expenditure for the period (as per Statement of Financial
Activities)
Adjustments for:
Amortisation charges
Dividends, interests and rents from investments
Decrease/(increase) in debtors
(Decrease) / Increase in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents		 Group
2024
£
32,669
35,165
(2,396)
87,697
(3,984)
149,151		 Group
2023
£
(12,344)
66,289
(1,201)
(3,427)
(16,748)
32,569
Cash in hand
Total cash and cash equivalents		 Group
2024
£
493,351
493,351		 Group
2023
£
341,804
341,804

Page 34

CARE FOR CHILDREN (UK)

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. Analysis of changes in net debt

Cash at bank and in hand At 1
January
2024
£
341,804
341,804		 Cash flows
£
151,547
151,547		 At 31
December
2024
£
493,351
493,351

22. Pension commitments

The Group operates defined contribution pension schemes. The assets of the schemes are held separately from those of the Group in independently administered funds. The pension cost charge represents contributions payable by the Group to the funds and amounted to £31,209. Contributions of £3,922 were payable to the funds at the balance sheet date and are included in creditors.

23. Operating lease commitments

At 31 December 2024 the Group and the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Group Group
2024 2023
£ £
Not later than 1 year 4,212 4,261

Page 35

CARE FOR CHILDREN (UK) (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

24. Related party transactions

During the year remuneration including pension of £58,025 ( 2023: £56,311 ) was paid to Thomas Abbott, an employee of the charity. Thomas Abbott is a close family member of Trustee and Executive Director, Robert Glover.

During the year remuneration of £22,000 ( 2023: £21,350 ) was paid to Elizabeth Glover, an employee of the charity. Elizabeth Glover is a close family member of Trustee and Executive Director, Robert Glover.

During the year the charity was invoiced £7,187 ( 2023: £15,895 ) by Johnny Hall for services provided. Johnny Hall is a close family member of Trustee and Executive Director, Robert Glover.

During the year remuneration of £37,056 (2023: £Nil) was paid to Joel Glover, an employee of the charity. Joel Glover is a close family member of Trustee and Executive Director, Robert Glover.

During the year £231,528 ( 2023: £335,786 ) was received from donations, fundraising and grants, from Trustees and board members.

Details of the remuneration of Trustee and Executive Director, Robert Glover, are given in note 11. In addition, during the year, a donation was received from a third party of £21,237 to fund a medical procedure for Robert Glover.

25. Principal subsidiaries

Care for Children (US) is a legally independent non-profit entity with its own Board of Trustees and governing document. The relationship between Care for Children (UK) and Care for Children (US) is such that Care for Children (US) meets the definition of a subsidiary as defined in FRS 102 and the Charities SORP

Details of the material subsidiary of the Group are as follows:

Care for Children (US) Subsidiary name Care for Children (US) Basis of control Control over subsidiary at board level Total assets as at 31 December 2024 £208,844 Total liabilities as at 31 December 2024 £(2,498) Total equity as at 31 December 2024 £206,346 Income for the year ended 31 December 2024 £737,811 Expenditure for the year ended 31 December 2024 £(575,098) Surplus for the year ended 31 December 2024 £162,713

In addition, the following companies are non-material subsidiaries of the Group (the results of which are also included in the consolidated accounts):

Care for Children (HK) Limited Care For Children Singapore Ltd

Page 36