ANNUAL REPORT AND ACCOUNTS Reglstered Charlty No. 1077787 Company Llmited By Guarantee No. 03805837 For the year ended 31st December 2024 Supporting• Nurturing and Partnering Partnering with parents, we support families whose children have additional needs or disabilities by providing compassion, guidance and hope. Website: www.snapcharity.org Email: info@snapcharity.org Telephone: 01277 211300 Fundraising Email: fundraising@snapcharity.org Fundraising Tel: 01277 245345 SNAP The SNAP Centre, Pastoral Way, Warley, Brentwood, Essex CM14 5WF Registered Charity No. 1077787 A company limited by guarantee in England and Wales No. 03805837 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31st DECEMBER 2024 CONTENTS Report of the Trustees Including Chaiff s Review and Message from the CEO Objectives and Activities Achievements and Performance 8-11 Financial Review 12 Plans for Future Periods and Post Balance Sheet Events 13 structure, Governance and Management 13-15 Reference and Administrative Information 15-18 Independent Examinerfs Report to the Trustees of Special Needs and Parents Limited Statement of Financial Activities 19 20 Balance Sheet 21 Notes to the Accounts 22-32 Report of the Trustees for the year ending 31st December 2024 The Trustees are pleased to present Iheir annual directors, report and financial statements of the charity for the year ended 31st December 2024 which are also prepared to meet the requirements of a director's report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: 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 st January 2019). Chair's Review Welcome to the Report and Accounts for 2024. I was honoured to be elected as the new Chair of the board of Trustees in 2024 and would like to thank our outgoing Chair, Mandy Carr for such strong leadership in her 5 years as Chair prior. l am grateful that Mandy took on the Vice Chair role and offer my personal thanks for her support in this handover period. 2024 was a milestone year for SNAP - our 30th Anniversary. It has been mentioned that when our founders got together and the idea of SNAP formed and started its journey none would have envisaged how this vital service has evolved and grown and yet still how necessary our services are to families, not only with new, modern challenges but also with some that would be very familiar all those years ago sadly. l am constantly impressed by the fantastic team that Karen Boath has built since taking on the CEO role, Her leadership has generated such a positive, can-do team culture that always has our SNAP families front and centre of everything they do and constantly strive to do more and make a difference. At the heart of SNAP'S mission is our commitment to partnering with parents, providing compassion, guidance, and hope to families of children with additional needs and disabilities. Over the past year, we have seen first-hand the challenges families face, but also their incredible resilience when given the right support. Whether it's a parent finding reassurance in a counselling session, a family gaining clarity through expert advice, or children and siblings building friendships at our sessions, SNAP continues to be a place where families feel understood, supported, and empowered. As the demand for our services grows, we remain committed to evolving and expanding our support, ensuring every family that turns to us finds the help they need. Of course, to deliver our much relied upon services we need to ensure that our financia5 position is strong and our Finance Director Jeremy Radley has continued to ensure that we have robust systems and data to ensure that we know our numbers and have strong budgeted planning. Fund raising is a constanl need and our team have had a fantastic 30th Anniversary year reaching the milestone of £1,000,000 income. It was a very busy year with three significant events that stood out, in particular, our Anniversary Ball, Golf day and 24 hour Kitchen Disco that raised fantastic amounts and so I would like to thank everyone involved in making those events happen and such a success. This report offers me the opportunity to congratulate the whole SNAP team and to say thanks to every one of you for what you do, how you do it and for the impact you have on our families. Our Board continues to evolve with some changes this year. Two very longstanding Trustees decided that this year would be the year for them to retire and so I thank both Paula Hills and Michael O'connell for their 30 years, of servi￿. Such dedication is incredible and on behalf of the whole Board I thank them and assure them that we will carry on their work and never lose sight of the fact that our families are at the heart of what we do. We also welcomed two new Trustees who both bring relevant and diverse experience.. Liz Chaplin is a family trustee who has been a great supporter for many years and can offer the board her lived experience and Thomas Broad who brings his banking & accountancy skills. Finally, I would also like to highlight just a few key items from the last year: We welcomed 605 new families this year Total families supported to 4,708 1,068 Counselling sessions 529 Face 2 Face advice sessions Specialist Talks & Webinars with 540 participants Just a few of the things in our fantastically busy 2024 calendar providing support, guidance, hope and fun. We recognise that the need for our services and support are continuously in demand and so great effort has been made to plan and determine what and how we will rise to the challenge of the next year and I have every confidence that SNAP will continue to meet those challenges and be there when called upon. Stuart Hulbert Chair of the Trustees Message from the CEO As CEO of SNAP, l am honoured to lead a passionate and resilient team that remains steadfast in our rnission to support families with children and young people with additional needs and d isabilities. This past year has been one of growing hardship for the families we support. Rising costs of living, limited access to specialist serrfices, and the emotional strain of caring have deepened the challenges faced by parents and caregivers. Many have struggled with feelings of isolation and exhaustion as they navigate an increasingly uncertain landscape. At the same time, charities like SNAP are operating under mounting pressure. Changes intrOdU￿d in the government's most recent budget have significantly affected our sector, reducing access to vital funding streams at a time when demand for our services has never been greater. Despite these challenges, we remain determined to meet the needs of our families with compassion, guidance, and hope. This year's Annual Report highlights the breadth of support we have delivered, the lives we have impacted, and the collective strength of our SNAP community. It is a story of resilience, and the extraordinary power of working together to ensure that every family feels heard, supported, and valued. l am deeply grateful to our staff, trustees, volunteers, and partners, whose generosity and dedication continue to drive our mission forward. Your continued support ensures that SNAP remains a trusted source of comfort and guidance for the families who rely on us. Thank you for being part of our vital work. Karen Boath Chief Executive Officer Objectives and Activities SNAP works in partnership with parents and carers of children and young people in Essex with any additional need or disability. The charity aims to infomi, encourage and support parents so that they can grow in strength and knowledge and become better equipped to give the best possible help to their children. The overriding principle of SNAP'S work is to help and empower the whole family. The services at SNAP provide a safe and welcoming environment for families. that is tailored to their needs. This offers the Ghildren and young people an opportunity to freely be themselves and make new friends. Meanwhile, parents and carers have access to their own peer support nettvork and community, relieving their own feelings of isolation. In shaping objectives for the year and planning activities the Trustees have referred to the Charity Commission's general guidance on public benefit. SNAP is very conscious that it relies on grants, donations and income from fees to cover its operating costs and it is essential that we provide excellent outcomes for our families in a cost-effective manner. Our fee structure reflects that affordable access to our services is extremely important to us and our families. In. the course of interaction with statutory funders, care providers, local authorities and other agencies, SNAP utilises its hands-on experience to advocate that the needs of the Ghild and family are fully understood. The objective is to inform decision makers of the support required by SNAP families. To ensure SNAP'S work remains focused on our stated aims and objectives, performance and outcomes are continuously monitored. The 2024 annual report gives details of the charity's services, its achievements, performan￿ and how it has benefited the people it is set up to help. SNAP systematically seeks feedback from our families which, along with monitoring and evaluation, indicates we are providing essential and high-quality seNices and activities. Services and Support Over the pasl 31 years, SNAP has gained an in-deplh understanding of the everyday demands of supporting a child with an additional need or disability on the whole family. As a result, the charity's extensive experience ensures that families receive holistlc 5UPPOrt that helps them to lead a more fulfilling life. SNAP has developed a variety of services in response to the needs of local families, according to age and individual levels of the children and young people whose families we support. The rharity recognises the changes and demands that families encounter as their children grow older. Families will develop new skills and resilience with the knowledge that SNAP is always there when needed. SNAP actively seeks the views and opinions of our families to help measure the impact of services and to assist in the development and planning of future provision. The Trustees are fully engaged in discussing and reviewing the ServI￿S and support offered by SNAP to ensure they are relevant and Gontinue to meet the needs of our families. Parents and Carers Information, advice and support is provided by way of: Helpline, E-mail and Telephone Support the SNAP helpline is open from 9.00am to 4.00pm weekdays (exGept on Fridays when it opens between 9.00am to 3.00pm) to give information and support. Face-to-Face Parent Advice provides parents with the opportunity to discuss their concerns and difficulties with SNAP'S trained staff or re￿1ve Education and Benefits advice from our specialist partner providers. Attendance at the weekly Multi-Disciplinary Assessment Clinic (MDAC) at Brentwood Community Hospital. At these meetings, childrenlyoung people will have an appointment to receive a diagnosis. SNAP is in a unique and privileged position whereby we work alongside the paediatriGian and other professionals at these meetings. Counselling is provided by professional counsellors and offered to parents, children andlor the whole family where they would benefit from this service. Specialist Parent Talks, workshops and focus events enabling families to learn about specific needs or concerns from professionals and access opportunities to network with other families and representatives of related organisations. The SNAP Directory is a comprehensive online guide of useful contacls to point both parents and professionals in the right direction. The Informatlon Network updates parents regularly by email with information and opportunities relevant to their specific circumstances. The Information Network Facebook Group provides another accessible way of sharing information directly with families. Recently this has included links to activities and groups being hosted by other charities in Essex to further support our families. The Speclallst Llbrary is an extensive collection of specialist books and information sheets which provide targeted information relating to specific issues or difficulties. SNAP Survival Guides are wrilten and produced annually to help families over times of routine change or transition. We have produced guides to support families during the Christmas and Summer holidays and moving to Secondary School. Parent Choir sessions provide an opportunity to sing and socialise with other parents and carers. Children and Young People We offer a wide range of facilities and activities encompassing both term-time and holiday sessions including: Pre4chool sessions support Early years, development of young children with additional needs and disabilities through stimulating, interactive and sensory experiences using play, art, and music to encourage interaction within the group and between the parent and child. AfterThschool Clubs for school aged children and young people including more structured sessions, such as Drama and Choir, and free play sessions that utilise the specialist facilities and equipment at The SNAP Centre. Sessions focus on increasing self-esteem and confidence, while enhancing social and communication skills. Holiday Clubs provide opportunities to meet up with other families during the school holidays. A variety of sessions are on offer that are all tailored to different age groups and different levels of need. Clubs help relieve families, isolation, which are heightened during the holidays. All sessions benefit from the Specialist Equipment and Facilities available at The SNAP Centre including a multi-sensory room, IT Suite, a soft play area, an outside terra￿ area, and a variety of toys and games. Siblings Sibling Support offers inclusive activities such as the pre-school children groups, after-school clubs, holiday sessions and sibling activity days, including our four-day SIBS4FUN programme each summer. The aim is to alleviate feelings of isolation and provide respite from being a 'young carer, and allows them to meet other children who are in similar situations. In 2024, SIBS4FUN was based on a theme of the Circus. Outcomes: Reduced isolation and improved networks of support for the whole family. Improved access to information and strategies, which increases understanding and ability to effectively advocate for the needs of children and young people who have additional needs and disabilities. Increased parentslcarers, confiden￿, empowerment and ability to engage with statutory and voluntary ser¥ice providers, medical professionals and other families. Greater self-reliance, independence and ability to ensure that children and young people with additional needs and disabilities get the best possible support. Increased resilience, mental health and overall feeling of wellbeing across the family. Improved communication skills, self-esteem and social interaction for children and young people with additional needs and disabilities. Enhan￿d support for siblings to deal with the challenges they face and give them opportunities to develop relationships with other children and young people experiencing similar circumstances. Increased understanding by professional bodies, including statutory and other voluntary sector organisations, of the support that SNAP families require. Impact: Parentslcarers are more resilient and empowered, are able to make confident, informed choices to help their children and young people with additional needs and disabilities and their siblings. Children and young people with additional needs and disabilities and their siblings experience improved social inclusion as a result of the confidence and self-esteem gained at SNAP. Older children and young people return to SNAP to volunteer in the activities from which they have benefitted. The skills acquired through volunteering also provide experiences that develop independence, life skills and support future life choices in education and training. Volunteers The Charity is an integral part of the community and relies on voluntary help. Volunteer roles include supporting parents and children in individual sessions and at group activities, identifying and cataloguing material for the specialist library and helping with office duties. In addition, many volunteers take part in our fundraising activities. Our Trustees, who are all volunteers, devote significant amounts of their time to supporting SNAP in a variety of ways. Without such dedicated and skilled volunteers SNAP could not offer the wide range of support and services essential for tts families. Achievements and Performance 2024 Achievements There were 605 new families who registered with SNAP for the first time in 2024, taking the total supported to 4,708 by end of the year. The numbers needing our support is indicative of the poor level of statutory provision available to families, a lack of appropriate school places for children with additional needs. as well as an increase in awareness by parents of neurodiversity conditions. Our family support staff extended their Presen￿ at a greater variety of parent events across a wider area of Essex, increasing awareness of how SNAP can support families. At our premises, we have hosted a greater number of externally run training programs designed specifically for SNAP families. Our children's activity sessions were reconfigured and renamed to provide clarity to parents about their child's journey through the different age group activities provided by SNAP. A beautiful drama production involving our drama class students and our parent and children's choirs was delivered at Brentwood Theatre in De￿rnber. Our website was relaunched with a new strapline using the letters in SNAP as its starting point. "Supporting, nurturing and partnering" captures what SNAP is all about. Our new mission statement can be seen on page 1. °Compassion, guidance and hope. resonated strongly with the working groups that continued to the new mission statement. During our 30th anniversary year, we were delighted to sign a new 30 year lease on the SNAP Centre premises. Our thanks to Brentwood Council for offering SNAP the opportunity to extend our occupancy at our lovely home. An incredible amount of money was raised through our 30th anniversary fundraising efforts. As well as regular events such as the SNAP Ball and the SNAP Golf Day at Thorndon Park, we hosted a 24 hour kitchen disco, a families and staff sky dive and encouraged supporters to try doing something 30 times in January 2024. The work of the Events Committee, made up of fantastic volunteers has allowed staff to focus on other areas of fundraising, for which we are very grateful. SNAP'S greatest assets are the staff that work here and we are very grateful for their dedication and expertise. During 2024, we achieved Essex Working Well level 2 accreditation. In our weekly survey of staff using an online wellbeing tool, pride in working for SNAP is always above national and sector comparisons. After 30 years of continuous service, two Trustees retired from their duties. We are immensely grateful to both Michael O'connell and Paula Hills for their incredible contribution since 1994. 2025 Aspirations Ensure that SNAP can meet the growing demand for our services across the whole of Essex. Continue to evaluate and adapt our services to ensure they are providing the best possible support to our families. Undertake a 'Theory of Change" evaluation to identify the impact of SNAP on families. Look to strengthen relationships with other charities particularly in transitional support to facilitate partnership working. Ensure that SNAP remains in a good position financially with adequate unrestricted reserves to cover expenditure requirements for between 6 to 9 months. Advance our investment plans for upgrading both our premises and our back-office infrastructure. A particular focus is our changing room provision and our counselling rooms. Continue to review the functionality of the Website and mobile access. Ensure they are fit for purpose and user friendly. Sustain and develop relationships wilh our supporters and volunteers. A specific focus on story telling and video content is important. Continue to monitor the health and wellbeing of staff to ensure they are properly supported to enable them.to continue supporting our families. Prepare for a statutory audit of our financial statements in the event that revenue is over £1 million for a second year running. 'SNAP' Shot . number of Families with Children and Young People who have any additional need and disability Supported in 2024 4,708 605 6.189 Active families Children and young people with additional needs and disabilities New families registered 2,943 540 Helpline Phone Calls. 4,274 Attendance at specialist tall and the Charities SORP "Accounting and Repo￿ng by Charitiès.. Slalemenl 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). {effectNe 1 January 2019). The Charily is a Publlc Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare 8 Statement of Cash Flows. The financial slatements are prepared in sterling, which is the functional currency of the Charlty. Monetary amounts in these financial slalements ale rounded to the nearest £. The financial slalemenls have been prepared under the historical ¢ost convention. The principal accounllng pollcies adopted are sel out below. 1.2 Golng concern Al the time of approving the financial slalements. the Trustees have a reasonable èxpectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounling in preparing th8 financial slatemenls. 1.3 Charltsble funds Unrestricted funds are available for use al the discretion of the Trustees in furthèrance of their charilable objectlves. Restricted funds are subjeci to specific conditions by donors or gianlors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slaleménls. 1.4 Income Income is recognised when the Charity is legally entitled lo it after any performance condilions have been mel, the amounts can be measured reliably, and il is probable thal income will be received. Cash donations are recognised on re￿Ipl. Other donalions are recognised onc6 the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in Telalion to donations received under Gifl Aid or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or othetwise if the Charity has been notified of an impending distrsbution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles {Contlnued) 1.5 Expenditure ExpenditLAre is recognised once there is a legal or construclive obligation to transfer econotnic benefll to a third party, it is probable Ihat a transfer of economic benefits will be required In selllement. and the amount of Ihe obligation can be measured reliably. Expènditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct cos18 altribulable to a single activity are allocated directly to Ihal activity. Shared costs which conlribule to more than one 8clivily and Sltppori costs which are not attributable to a single actNity are apportioned between those aclivilies on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lim8 spent, and depreciation charges are allocoled on Ihe portion of the asset's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost arKI subsequ8nlly measured al cost or valuation, net of depreciation and any impaimienl losses. Depreciation is re¢ognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold land and buildings The capilallsed cosls of Ihe SNAP Centre bulldlng are being wiilten off on a slraighl liw)e basis over the term of the lease with effecl from May 2¢J07 for 24 years. This has now been extended to 30 years since July 2024. 109/0 per annum 51raighl Ilne 25% per annum straight line Fixtures and fillin9S Computers The gain or loss arising on Ihe disposal of an asset Is determined as the difference betweon the sale proceeds and the carrying value of the asset, and is recognised in the slatemenl of financial aclivilies. 1.7 Impalrment of flxed assets Al each reporting end date, the Charily reviews the carrying amounts of its tangible assets to determlne whelher there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amounl of the asset is estimated in order to delernine Ihe exlent of Ihe impairment Ioss {if any). 1.8 Cash and cash equlvalents Cash and cash equivalents Indude cash in hand, deposits held al call with banks. other short-term Ilquid inveslments with original maturities of three months or less, and bank overdrafts. 1.9 Financlal instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the Charitys balance sheet when the Charity becomes party to the contractual provisions of Ihe instrument. Financlal assels and liabilities a￿ offsel, wllh the net amounls presented in the financial statements, when there is a legally enforceable right lo set off Ihe recognised amounls and there is an intenlion to settle on a net basis or to realise the assot and settle the liability simultaneously. 1.10 Penslon The charity operales a defined contribution pension scheme for all employees. The assets of the scheme are held separalely from those of the charity. The annual conlribulions are charged to Ihe SOFA. -23- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal accountlng estimates and judgements In the application of the Charity's accounting policies, Ihe Truslees are required lo make judgemenls, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanl. Adual resvEls tVTay differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognlsed in the period in which the eslimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donationg and legacies UnrestriGted funds 2024 Unrestricted funds 2023 Donations and gifts 230,738 200,489 Income from charitable actlvlti8S Unrestricted Restrfcted funds funds 2024 2024 Total Unrostricted Restrlcted fund8 funds 2023 2023 Total 2024 2023 Charitable activltlos Children's aclivilles Family and parenl counselling Parent services Grants and donations 31.161 31.161 29.403 29,403 16,183 6,106 18.183 6,106 584,244 17.867 2,151 17,867 2,151 378,528 584.244 378,528 53,450 584,244 637,694 49,421 378.528 427,949 Income from othor tradlng activitles Unrestricted Unrestrl¢ted funds funds 2024 2023 Fundraising events 164,911 124,361 -24- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Interest receivable 29,306 9,310 Ralslng fund8 Unr6Strlctsd Unrestricted funds funds 2024 2023 Fundraisin and ublici Other fundraising costs Suppori costs 5,291 200,136 5,869 163,749 Fundraising and publicily 205,427 169,618 205.427 169,618 -25- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charltable actlvlties Charltable activltles 2024 Charltable actlvltles 2023 Dlrect costs Staff cosls Children's acllvlies Parent services Counselling Technology costs Premises costs 418,602 30,132 9,804 41,720 10,053 40,706 371,956 26.101 6,338 34,804 8.380 28,323 551.017 475,902 Share of support and governance costs (see note 9) Support 168,196 155,565 719,213 631,467 Analysis by fund Unreslricled fund8 Restricted fiJnds 184,423 534,79) 212,025 419,442 719,213 631,467 Support Costs 2024 2023 Slaff costs Deprecialion Technology costs Accountancy Premises costs Other support costs 301,597 27,904 14,850 2,700 384 20,897 245,289 34,782 20,238 2,400 1,786 14,819 368,332 319,314 Analysed between Fundraising Charitable activities 200.136 168,196 183,749 155,565 368,332 319,314 -26- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Net movement in funds 2024 2023 The net movement in funds is stated after ¢haTgingl(crediting): Fees payable for the independent examination of the chariws financial statements Depreciation of owned tangible fixed assets 2.700 27.904 2,400 34.782 11 Trusteeg None of the Truslees lor any pewsons connected with them) received any remunoration or benefits from tho Charity during the year. The cost of the Trustee indemnity insurance in 2024 was £647 (2023: £642). 12 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 24 22 Employment CO8t8 2024 2023 Wages and salaries Social securily costs Other pension costs 639,524 59,807 20.868 551,058 49,755 16,432 720.199 617,245 The key management personnel of the charily comprise the Trustees and Executive Directors {Family Services and Finance & Fundraising) The lotal employee benefits of Ihe key management personnel were £106,041 {2023.' £108,642). There were no employees whose annual remuneration was more than £60,CQO. 3 Taxation The charity is exempt from taxatiori on its activities because all its income is applied for charil8ble purposes. -27- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tangible fixed assets Leasehold Flxtures and land and Ilttlngs bulldlrtgs Computèrs Total Cost Al 1 January 2024 Additlons 381.961 97,718 35,052 47,780 4,356 527,459 39,408 At 31 Decemb8r 2024 381.961 132.770 52,136 566,867 Depreclation and Impairment At 1 January 2024 Depreciation charged In the year 262,598 9,814 48.717 9.027 31.324 9,063 342,639 27,904 At 31 December 2024 272,412 57,744 40,387 370,543 Carrylng amount Al 31 December 2024 109,549 75,026 11,749 196,324 At 31 December 2023 119.364 49,000 16.456 184,820 15 Debtors 2024 2023 Amounts falllng due withln one yoar: Trade debtors 14,582 16 Creditors: amounts falllng duo withln one year 2024 2023 Notes Other taxallon and social security Deferred income Other creditors Accruals 13.376 13,795 12,105 17 2,529 25,173 21,703 41,078 47,603 17 Deferred Incomo 2024 2023 Other deferred income 12,105 Deferred income is induded in Ihe financial slatemenls as follows= -28- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Deferred income {Continuedl 2024 2023 Deferred income is included within: Current liabilities 12.105 Movements in the yeaT-. Deferred income at 1 January 2024 Released from previoLFS periods Resources deferred in the year 12.105 (12,105) 12,105 Deferred income al 31 December 2024 12,105 18 Restricted fund8 The re8trlcled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific ￿ndItIonS by donors as lo how thèy may be used. At 1 January 2024 Incomlng resources R•sourceB expended Transfers At31 December 2024 232,260 584,244 {534,790) 2,460 284,174 Prevlous year: At 1 January 2023 Incomlng resour¢ès Resources expended Transfers At34 December 2023 273.174 378,528 (419.442) 232,260 19 Unrestrl¢ted funds The unreslricted funds of the charily comprlse the unexpen(Jed balances of donations and grants which are nol subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside oul of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resou￿¢$ Resources expended Transfers At31 December 2024 583.034 478,405 (389,850) (2.460) 669,129 -29- SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrestricted funds (Continued) Pravlous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 General funds 581.096 383,581 (381.6431 583,034 In the Trustees, view, the reserves should provide the charity wilh adequate financial slability and Ihe means for il to meet ils charitable objectives for the foreseeable future. The Iruslees malntain the ¢harily's unreslricled reserves at a level whlch is equivalenl to between six and nine month's operational expenditure and have done so having regards to ils manner of operation and likely funding steams. The trustees review the amount of reserves that are required to ensure thal they are adequate lo fulfil the Gharily continuing obligations al each executive meeting. Al 31 December 2024, the ratio of Unreslricted ReseNes to Annual Operating Expenditure was 0.72, equivalent to 8.7 months (31 December 2023.. 8.4 months). Our 2025 budget forecasts a ratlo of 0.54, equivalènt lo 6.5 months of 2025 budgeted expenditure. 20 Analysls of net assets between funds Unrestrlcted funds 2024 Restricted fund5 2024 Total 2024 At 31 December 2024: Tangible assets Current asselsl{liabilitiesl 9.645 659,484 186,679 97.495 196,324 756.979 669,129 284,174 953,303 Unrestricted funds 2023 Restrl¢ted fund8 2023 Total 2023 At 31 Deoember 2023: Tangible assets Current assetsllliabilities) 14,865 568,169 169,955 62,305 184.820 630,474 583,034 232,260 815,294 21 Related party transactions There wère no disclosable related party transaciions during the year (2023 - norE). SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Major donors by category The following organisalions provided funding lo SNAP a(xoss our various sep41￿S in 2024. Support and Advlce to Families AcL6ss Group Foundation Essex Counly Council Carer's Community Fund Garfield Weston Foundalion Malcolm & Beryl Crook Fund managed by the Essex Community Foundation Mid and Soulh Essex Integrated Care System {ICS) Provid8 Community Fund Souter Charitable Trusl The Henry Smith Charlty The Grace Trust The National Lottery Commurbily Fund Servlce8 for chlldren and young people Aspen Insuran Brenlwood Community Fund Charles S French Charitable Trust Chelmsford Star Co-op Communlly Fund managed by the Essex Community Foundation Comrnunily Organisations Cosl of LNing Fund admlnistered by the National Lottery Douglas Allen Estate Agenls Charity Fund managed by the Essex Community Foundation Essex Association of Local Councils Haslers Foundation Marconi (Chelmsfordl Employee Charily Fund Malchroom Spori Charilable Foundation Saffron Community Fund managed by the Essex Community Foundation Skipton Building Society Charitable Foundation St James's Place Charitable Foundation Tesco Stronger Starts The Hedley Foundation The Paul & Rachel Jeffreys Charitable Trust The Perry Watlington Trust The Tula Trust Ltd W.G. Stacey Family Fund managed by the Essex Community Foundation -31 SPECIAL NEEDS AND PARENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Major donors by category (Contlnuedl Core Fundlng Ted Russell Charilable Trust The Sir Jules Thorn Charitable Trust Equipment and Toys Blllericay Round Table Essex Counly Council Locality Fund Wood8n Spoon -32-