REGISTERED COMPANY NUMBER: 03696656 (England and Wales)
REGISTERED CHARITY NUMBER: 1080536
Re
ort of the Trustees and
Financial Statements
for the Year Ended 31 March 2025
for
Childlife
Limite
b Guarantee
an
Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB

Childlife
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
1 to 12
Report of the Independent Auditors
13 to 16
Statement of Financial Activities
17
Statement of Financial Position
18 to 19
Statement of Cash Flows
20
Notes to the Financial Statements
21 to 29

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended 31 March 2025.
The trustees have adopted the provisions of 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 trustees, who are directors for the purposes of company law, present the annual report
together with the financial statements and auditors, report of the charitable company for the year
ended 31 March 2025. The trustees have adopted the provisions of 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).
Trustees
B McNaught, Treasurer
Ms C White, Chair
L Walker
S Millman (appointed 24th January 2025)
Other trustees in year
V Elzer (resigned as a trustee on 19th December 2024)
The appointment of Trustees is in accordance with the charity's Articles of Association, whereby
each member has the right to appoint and remove a trustee and to appoint and remove an
alternate,
None of the Trustees has any beneficial interest in the company.
Childlife provides both a role description and a code of conduct for trustees to ensure that the
duties and responsibilities of being a trustee are clearly understood. In addition, it has specialist
role descriptions for both the Chair of Trustees and Honorary Treasurer. These are provided to all
new trustees as part of their induction information.
New trustees are encouraged to meet with the Chief Executive Officer and staff members and
other trustees within the first few months of appointment. Training for trustees is provided if
required.
Childlife is run by a very efficient small team of three part time employees {1.8 FTE), who are
highly appreciated by the board of trustees. The arrangements for setting the pay and
remuneration of all the charity's staff including key management personnel are agreed by the CEO
and the trustees. The latest pay review was set in line with cost-of-living increases.
Background
The idea for Childlife, a consortium of children's charities allowing its member charities to fundraise
collectively, originated in 1992. Its first donor was recruited in July 1993. Childlife became
company limited by guarantee in 1999 and a registered charity in 2000.
Member charities of Childlife:
Acorns Children's Hospi￿ Ataxia UK
Page 1

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
National Children's Bureau National Deaf Children's Society
The Board of Trustees, which has four members, one from each member charity, administers the
charity and is required to meet quarterly. However, in practice the trustees and the CEO meet most
months. A Chief Executive Officer is appointed by the Trustees to manage the day-to-day
operations of the charity. To facilitate effective operations, the Chief Executive Officer has
delegated authority, within the terms of delegation approved by the Trustees, for operational
matters including finance, employment, fundraising and charitable activities.
Donations received by Childlife are distributed annually to these charities and hundreds of
thousands of pounds are raised each year to support their important work with children and young
people. The Trustees have assessed the major risks to which the charity is exposed and are
satisfied that systems are in place to mitigate exposure to the major risks. The risks are
documented on the risk register. The main two risks were.,
1) Financial Failure of Key Suppliers (Gather and Ethicall) We have undertaken due diligence
before signing contracts, including credit checks. We also horizon scan to identify supplier issues
and potential alternative suppliers. In this year we have also worked with Other agencies Altru,
IXL.
2) Loss of Income - The Cost-of-Living Crisis. Ongoing retention work is being carried out with
existing donors to mitigate cancelation levels with payment holidays being offered.
Childlife's Board of Trustees is legally required to minimise any risk to the charity. The trustees
have developed a risk management strategy, which involves a regular review of the key risks faced
by the charity, and the establishment of systems and procedures to address these potential risks
and to minimise both the likelihood of these risks occurring and their impact should they
materialise.
Page 2

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of Childlife are. to promote the relief of children who are in need. by enabling the
member charities to meet their respective charitable purposes, through the provision of grant
payments.
The Trustees confirm that they have referred to the guidan￿ contained in the Charity
Commission's general guidance on public benefits when reviewing Childlife's aims and objectives.
Childlife carries out the object of improving the lives of children and young people through the work
of its member charities by supporting the member charities in providing a strong income source in
the short-, medium- and long-term future, and this has continued to be the focus in 2024125. To
enable Childlife to achieve its aim, it has continued to develop its fundraising programs in payroll
giving and in new donor recruitment programs through face-to-face fundraising campaigns. Childife
runs on-going telephone campaigns to upgrade existing regular supporters and re-activate lapsed
regular donors.
The surplus of net income In 2024125, after allowing for promotional and support costs for member
charities and governance costs was distributed equally and on an annual basis to its four member
charities as grants.
As we carry out fundralslng across the UK we are members of both The Chartered Institute of
Fundraising and the Fundraiser Regulator. As we are now running a lottery campaign, we also
registered with Gamble Aware. We worked with four main external agencies for our recruitment of
new donors in 2024125.
Gather Itd carried out fundraising to recruit 1028 new Continuous Card Payment Donors. We
continued to take one off donations and generate warm leads. Gather recruited 277 new cash
donors. only 49 did not opt into future contact.
Altru Itd carried out fundraising to recruit 654 new Continuous Card Payment Donors. We
continued to take one off donations and generate warm leads. Altru recruited 2 new cash donors.
all opted into future contact.
IXL Itd carried out fundraislng to recruit 2838 new Contlnuous Card Payment Donors. We
continued to take one off donations and generate wami leads. IXL recruited 49 new cash donors.
only 7 did not opt into future contact.
Gather, IXL and Altru are experienced in driving quality alongside good operational practices in line
with CIOF and the Fundraiser Regulator guidance. Through a personalized service from these
agencies our fundraising with them builds a relationship with the supporter to ensure life-long
loyalty to Childlife. They are registered with the Chartered Institute of Fundraising and the
Fundraising Regulator.
During the time that we were fundraising with Gather, IXL and Altru there was a regular program of
training in place. We did not run any street campaigns so there was not any CIOF mystery
shopping.
Page 3

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
Childlife is a member of four other consortiums which Payroll Giving Plus Ltd recrurts new donors
through Payroll Giving. Payroll Giving Plus Ltd organise tax-effective fundraising events and
campaigns in companies and organisations across the UK to raise money for our charity
consortiums. All fundraisers are employed on a non-commission basis so that they can promote a
non-target driven campaign. Payroll Giving Plus Ltd is a member of the Association of Payroll
Giving Organizations and the Fundraising Regulator.
Childlife received ￿enty-fOUr complaints during 202412025 regarding its fundraising. All complaints
were investigated thoroughly and fairly in keeping with the Fundraising Regulator Code of Practice.
Childlife regularly reviews any lessons to be learnt to help with future fundraising activity. None of
the complaints were of a nature serious enough to require Trustees to inform the Charity
Commission or Fundraising Regulator. There have not been any compliance issues with either
Childlife or any other agencies that we have employed in 2024125.
Childlife has an Ethical Fundraising Policy and a Dealing with Vulnerable donors Policy. We also
review the policies that our partner agencies hold on these subjects to make sure they meet our
standards.
During recent years, Childlife's community of donors has been in decline and the trustees have
made the decision to invest more significantly in fundraising, to re-build the community to a
sustainable level, so we can continue to raise vital funds into the future. This period of additional
investment in fundraising is to ensure long term viability and will pay back over time. This five-year
strategy commenced in 2018 and has been reviewed by the trustees in 2024.
The plan beyond 2024 is now confirmed. After a review of the investment period and the future
returns for member charities it was decided to carry on investing, but not at such a high rate as the
donor database has now been built up to a more sustainable level.
Childlife has been extremely successful over the years in raising funds for our members. An initial
investment of £16,000 per charity was made in 1994, and each member has received total grants
of £2,820,492 since then (a ROI of 17528 % ). Without investment in fundraising this would not have
been possible,
Publlc beneflt
Statement on Publlc Beneflt
The trustees confirm that they have complied with the requirements of section 17 of the Charities
Act 2011 to have regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Page 4

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
STRATEGIC REPORT
Achlevements and performance
Achievements and Performance Review of 2024125
The beneficiaries of Childlife's work are the children, young people and their families throughout
the UK who have received support and advice or will benefit from research undertaken by the four
member charities through the grant payment to them from Childlife. In 2024125 Childlife gave
total of £450,000 to the member charities. This enabled the four member charities to achieve the
following..
Acorns Chlldren's Hosplce
A parent never imagines their child will be diagnosed with a life limiting or life threatening condition.
But when the unimaginable happens, Acorns steps in, helping families cope at every stage of their
child's life and beyond, wherever and whenever they need it.
We have three hospices based in Birmingham, Walsall and Worcester. Our support is offered from
our hospices and in the community, across the West Midlands and Gloucestershire. Our hospices
are happy, colourful environments where children can experience a range of fun and therapeutic
activities from arts and crafts sessions to hydrotherapy. Children visit Acorns for short breaks,
end-of-life and emergency care.
At Acorns we understand what famllies are golng through. We're here for them through all life ups
and downs, sharing fun and laughter in the good times, and standing alongside them in the tough
times. Our dedicated teams provide not just highly specialist clinical care for children and young
people, but a range of psychosocial services for the whole family, including bereavement support,
advocacy, and a number of dedicated support groups for mums, dads, grandparents brothers and
sisters.
In the past year. Acorns has cared for more than 780 children and over 1,000 families, including
those who have been bereaved. Acorns nurses have provided 1,200 Outreach visits to give care
and support to families in their homes and local community. Over 200 siblings received support
through Acorns focused groups, individual therapeutic based sessions and bespoke programs.
The ongoing support and kindness of our Childlife supporters helped make this possible. On behalf
of the children and families we support, thank you so much.
Chrlstlna Whlte, Senlor Manager
Hosplce
Indlvldual Glvlng and Legacles, Acorns Chlldren's
Page 5

Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
Ataxla UK
The ataxias are a set of life-limiting neurological conditions that disrupt the messages sent from our
brains to our muscles. Not just the muscles we use to move, but those we use to speak, listen and
see. Over time, people with ataxia are slowly imprisoned in their own bodies, losing the tools they
once had to communicate with loved ones. Over 200 different genetic ataxias have been
discovered in the past 30 years, each of which requires a different treatment. Currently, there are
no treatments or cures for most of the ataxias available in the UK.
The most common and aggressive form of the condition affecting children and young people is
Friedreich's ataxia (FA), which predominantly shows its symptoms during childhood or
adolescence. The earlier FA begins to show, the more likely it is that it will progress quickly. It
hampers balance, mobility and movement, and causes speech, hearing and vision to deteriorate. It
can also be accompanied by heart problems. As a result, children diagnosed with FA usually have
a shorter life expectancy than their peers and will spend much of their life in a wheelchair. There is
currently one treatment for FA, Omaveloxelone, but, at the moment it isn't available in the UK
through the NHS, and this represents our biggest current challenge in the coming year as it is too
expensive for people to buy privately.
Ataxia UK is the leading national charity supporting people affected by ataxia, and funding
research Into finding treatments and cures.
A major part of our work is to support and advise parents of children who have FA, whilst funding
research into treatments and a cure. The support we receive from Childlife is essential in achieving
this.. it enables us to run local support groups, conferences, various online forums and information
sessions to reduce families, isolation and help them understand the condition.
In November 2024 we hosted the International Congress for Ataxia Research in London in
partnership with other international ataxia patient groups. It was the largest ataxia research
conference ever held and was attended by over 600 delegates.
We now have three accredited paediatric clinics run by paediatricians who understand the ataxias
in Sheffield, London and Oxford. They will all shortly be sites for trials of Omaveloxelone in children
under-16.
In addition to these centres, the Ataxia UK Helpline continues to be the cornerstone of providing
assistance and guide those affected by ataxia. In 2024-25 the Helpline received a total of 1596
contacts from 1138 people relating to 2164 issues including:
o Information about ataxia, health needs, therapies, referrals and diagnosis.
o Social care needs inc. housing, aids and adaptations.
o Welfare benefits, grants and finances.
In January 2025 Ataxia UK directly employed its first Specialist Ataxia Nurse to support people
affected by ataxia in the Southwest of England. The Specialist Ataxia Nurse will co-ordinate the
care of patients and ensure that everyone gets the medical services they need.
Sue Millman, Chief Executlve - Ataxla UK
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Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
The National Deaf Children's Soclety
The National Deaf Children's Society is dedicated to creating a world without barriers for deaf
children and young people. It is our mission to overcome the social and educational barriers that
hold deaf children back.
Thanks to the generosity of Childlife supporters. we have been able to provide life-changing
support and invaluable information to deaf children and their families across the UK over the last
year. This has included:
Providing vital, timely help and advice via our Helpline service, responding to more than 1,770
calls, 320 live chats, and 710 email interactions. 100 % of Helpline users said they were satisfied or
very satisfied.
Providing tailored guidance and casework to 1,562 families, with Education Appeals Specialists
supporting 253 cases.
Launching the Community Grants programme., with 23 successful applications from NDCS local
affiliated groups for projects ranging from sign language classes to spoken language development.
Creating and sharing 186 engagement opportunities with a network of parents, carers,
professionals, deaf adults and supporters to help shape and improve our services. The impact of
their insight has deepened our understanding of families, experiences and challenges and helped
inform our plans.
Running more than 35 different online Information and Advice sessions, attended by 720 people.
Launching a pilot course, First Signs, First Stories to introduce families of deaf children aged 0-2
years to BSL signs through storytelling.
Getting feedback from more than 400 parents and deaf young people about their experience of
accessing a Teacher of the Deaf.
Childhood deafness can have a huge Impact on language development, communication and social
skills, and we know that supporting deaf children during those early years is where we can make
the biggest impact and set them up for life. Our goal is to reach more deaf children and young
people than ever before, and our ambitious plan is to reach every deaf child, wherever they are
and whenever they need us.
Childlife donors help our work in making this a reality. Thank you for your continued support.
Ben McNaught
Deputy Director.. Fundraising
Page 7

Childlife
Re
istered number: 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
National Childrens BU￿aU
The National Children's Bureau {NCB) has had a successful year delivering impact through our
programmes, sector convening and policy work. In this General Election year, we focused on
informing political manifestos and policies for children and families. and built a strong working
relationship with the newly-elected Government.
We organised a major event in Westminster attended by over 150 individuals, facilitating an
exchange of ideas between young people, parents, and a panel representing all main political
parties. The event was supported by the Children's Commissioner and members of the Children's
Charities Coalition as a culmination of our 'Children at the Table, general election campaign.
Following their election, the new Government pledged to raise the healthiest generation of children
ever. Consequently, in November 2024, NCB'S Health Policy Influencing Group published a
roadmap for government, advocating for children's rights in the forthcoming NHS Ten-year Plan.
This year marked the 10th anniversary of the Lambeth Early Action Partnership (LEAP), part of
The National Lottery Community Fund's A Better Start initiative. Led by NCB from its inception in
2014, LEAP reached over 4,450 under-fours in the area, significantly impacting local development,
with 40 % of these children more likely to achieve expected developmental milestones by age two
and a half.
Amplifying the voices of children, young people, and families remains a core pillar of NCB'S
mission. The Council for Disabled Children continued this emphasis on participation, organising
the annual Youth Voice Matters conference in Manchester, in partnership with KIDS, as part of our
Making Participation Work programme. Over 100 children and young people participated, helping
design the event alongside our young SEND advisory group, known as FLARE.
Living Assessments, a five-year research collaboration with three groups of Experts by Experience,
the University of Cambridge and University of Kent, analysed over 71,000 children's health
records. The findings, widely covered in national press, revealed that vulnerable children, despite
being more susceptible to mental health issues, are often denied access to NHS Child and
Adolescent Mental Health serVi￿S. To celebrate the insights produced by Living Assessments, we
hosted talks, discussions, and a theatre performance by young people with lived experiences of
disability, social care, or insecure immigration status. NCB will use this research to drive policy and
practice improvements.
The Early Years Stronger Practice Hubs, coordinated by NCB, have made significant strides this
year. The 18 Hubs, two in each region of England, form a key component of the Government's
Best start in Life strategy, enhancing local early years settings by sharing best practices and
providing evidence-informed professional development for hundreds of educators.
Our specialist family members also contributed to building brighter futures. The Anti-Bullying
Alliance, supported by high-profile patrons like musician Woody from Bastille and Manchester City
footballer Ruben Dias, held another successful Anti-Bullying Week, reaching over 7.5 million
children and young people across 80 % of schools.
The Childhood Bereavement Network conducted its annual Children's Grief Awareness Week with
the theme of Building Hope. Participants created faCe-tO-fa￿ and virtual spaces to share
inspirations and support. Engaging with Government departments and Parliamentary committees,
the network championed the needs of bereaved children.
Page 8

Childlife
Re
istered number: 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
Research in Practice, our newest member, continued its integration into the NCB family,
exemplified by launching the Working Together with Parents Network. This network supports
practitioners working with parents with learning disabilities and their children, taking over from the
University of Bristol.
Our progress is made possible by the contributions of Childlife supporters. Your donations allow us
to address the adversities faced by many children and families. We extend our gratitude for your
continued generosity, enabling us to build brighter futures.
Lawrence Walker, Head of Development, Natlonal Children's Bureau.
Flnanclal revlew
Flnanclal posltlon
Income in the year was £1,355,315, a slight increase from the previous year from £1,310,371. The
main reason for the increase is the large investment in donor recruitment in previous years from
21122-23124.
Fundraising expenditure increased £721,895 from £662,654 reflectlng the declslon to relnvest the
previous years underspend on fundraising in this financial year. However there was still an
underspend In thls financial year on forecast donor recruitment numbers. (see P22 in the
accounts)
Expendlture on charitable activities was £462,865 versus the previous year of £420,273 This
includes £450,000 of grant payments (2023124: £410,000)
Reserves pollcy
It is the policy of Childlife to have free reseNes amounting to no less than three months and no
more than six months, operating costs. Based on the 2024-25 budget, the required reserve level
for the year end was set at £218,296 (low) to £436,592 (high).
The balance of free reserves at 31st March 2025 was £788,254 and as such falls above the
required reserves policy. This will be addressed by the trustees in the upcoming financial year, with
an additional grant payment to be made and an increase in planned fundraising to make up for this
year's shortFall.
Page 9

Childlife
Re
istered number: 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
STRATEGIC REPORT
Flnancial review
Impact of External Financial Environment
Since 31 December 2019 many local economies around the globe have been in downturn.
In recent years there has been significant global stressors on economies, such as the pandemic
and war in both Ukraine and more recently the Israeli and Palestinian conflict.
Childlife is not currently seeing the effect of this in the form of loss of income, but we are
monitoring donor cancelation rates.
This will not significantly impact the entity's financial position. Childlife has determined that these
events are non-adjusting subsequent events. Accordingly, the financial position and results of
operations as of and for the year ended 31 March 2025 have not been adjusted to reflect their
impact.
The duration and impact of the Russian Ukrainian war and the Israeli and Palestinian conflict.
remains unclear currently, it is not possible to reliably estimate the duration and severity of these
consequences, as well as their impact on the financial position and results of Childlife for future
periods.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply wilh the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and hence taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and examination of financial statements may differ from legislation in
other jurisdictions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
Dlsclosure of Information to audltor
In so far as the trustees are aware at the time of approving our trustees, annual report..
o there is no relevant information, being information needed by the auditor in connection with
preparing their report, of which the auditor is unaware, and
o the trustees have taken all the steps that they ought to have taken individually as a trustee in
order to make themselves aware of any relevant audit information and to establish that the auditor
is aware of that information.
The financial statements have been prepared in accordance with the provisions applicable to small
companies within Part 15 of the Companies Act 2006.
Page 10

Childlife
Re
istered number: 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
The board of trustees. which has four members, one from each member charity, administers the
Charity and meets quarterly. Each trustee is an employee of one of the member charities. Grants
of £112,500 each (2024.. £102,500 each) were payable to the four member charities during the
financial year. The Charity was controlled by four member charities throughout the financial year.
Names of member charities are Acorns Children's Hospi￿, Ataxia UK,National Children's Bureau,
and National Deaf Children's Society.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
03696656 (England and Wales)
Reglstered Charlty number
1080536
Reglstered offlcè
Westmead House
Westmead
Farnborough
Hampshire
GU14 7LP
Trustee8
B Mcnaught
Ms S J Millman (appointed 24.1.25)
L Walker
C Wilson (appointed 19.6.25)
MS C White (resigned 19.5.25)
Company Secretary
Ms A Rimington
Audltors
Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Childlife for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland"
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Childlife
Re
istered number.. 03696656
Re
ort of the Trustees
for the Year Ended 31 March 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES - contlnued
Company law requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure, of the charitable
company for that period. In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP"
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware.,
and
the trustees have taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Barnes Noble Ltd, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees,
as the company directors, on 11 July 2025 and signed on the board's behalf by..
Ms S J Millman- Trustee
Page 12

Re
ort of the Inde
Childlife
endent Auditors to the Trustees of
Oplnlon
We have audited the financial statements of Childlife (the 'charitable company,) for the year ended
31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial
Position, the Statement of Cash Flows and notes to the financial statements, 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 (United Kingdom
Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and
of its incoming reSoUr￿S and application of resources, including its income and expenditure. for
the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practi￿, including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
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 charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements In the UK, including the FRC'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.
Concluslons relatlng to golng 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 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 13

Re
ort of the Inde
Childlife
endent Auditors to the Trustees of
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the Annual Report, other than the financial statements and our Report of
the Independent Auditors thereon.
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 assuran
conclusion thereon.
In connection with our audit of the financial statements, 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 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 whlch we are requlred 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..
the information given in the Report of the Trustees is inconslstent in any material respect with
the financial statements., or
the charitable company has not kept adequate accounting records; or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Statement of Trustees, Responsibilities, 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 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 charitable company or to cease operations, or have no realistic alternative but to do
so.
Page 14

Re
ort of the Inde
Childlife
endent Auditors to the Trustees of
Our responsibilities for the audlt of the financial statements
We have been appointed as auditors under Section 145 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 a Report of
the Independent Auditors 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.
o Using our general commercial and sector experience and through discussions with the directors
and management, we identified areas of laws and regulations that could reasonably be expected
to have a material effect on the financial statements as well as those arising from management's
own assessment of the risks that irregularities may occur either as a result of fraud or error.
o We examined the company and regulatory and legal correspondence and discussed with the
directors and management any known or suspected instances of fraud or non-compliance with
laws and regulations.
o We communicated identlfled laws and regulations and potential fraud risks to all engagement
team members and remained alert to any indications of fraud or non-compliance with laws and
regulations throughout the audit.
o In addressing the risk of management override of controls, we tested the appropriateness of
journal entries. We also challenged assumptions and judgements made by management in their
significant accounting estimates and judgements.
There are inherent limitations In the audit procedures described above and the further removed
non-compliance with laws and regulations is from the events and transactions reflected in the
financial statements, the less likely we would become aware of it. Also, the risk of not detecting a
material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud
may involve deliberate COn￿alment by, for example, forgery or intentional misrepresentation, or
through collusion.
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.ukjauditorsresponsibilities. This description
forms part of our Report of the Independent Auditors.
Page 15

Re
ort of the Inde
Childlife
endent Auditors to the Trustees of
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 the
charitable company's trustees as a body, for our audit work, for this report, or for the opinions we
have formed.
arnes Noble Ltd
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
Unitec House
2 Albert Place
London
N3 1QB
11 July 2025
Page 16

Childlife
Statement of Financial Activities
Inco
oratin
an Income and Ex
enditure Account
for the Year Ended 31 March 2025
31.3.25
Unrestricted
fund
31.3.24
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,341,462 1,304,724
Investment income
13,852
5,647
Total
1,355,314 1,310,371
EXPENDITURE ON
Raising funds
Raising donations and legacies
721695
721,695
662,654
Charltable actlvltles
Grants payable - institutions
Governance costs
450,000
410,000
Total
1184,560 1,082,927
NET INCOME
170,754
227,444
RECONCILIATION OF FUNDS
Total funds brought forward
617,499
390,055
TOTAL FUNDS CARRIED FORWARD
788 253
617499
The notes form part of these financial statements
Page 17

Childlife
Re
istered number.. 03696656
Statement of Financial Position
31 March 2025
31.3.25
Unrestricted
fund
31.3.24
Total
funds
Notes
FIXED ASSETS
Intangible assets
Tangible assets
12
13
1.669
4,233
5,674
4,033
5,902
9,707
CURRENT ASSETS
Debtors
Cash at bank
14
76,151
782,216
37,882
790 837
858,367
828,719
CREDITORS
Amounts falling due within one year
15
(76,016) (220,927)
NET CURRENT ASSETS
782,351
607,792
TOTAL ASSETS LESS CURRENT
LIABILITIES
788,253
617,499
NET ASSETS
788 253
617499
FUNDS
Unrestricted funds.,
General fund
16
788,253
617,499
TOTAL FUNDS
788,253
617,499
The charitable company is entitled to exemption from audit under SeGtion 477 of the Companies
Act 2006 for the year ended 31 March 2025.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006
requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 18
continued...

Childlife
istered number.. 03696656
Statement of Financial Position - continued
31 March 2025
These financial statements have been audited under the requirements of Section 145 of the
Charities Act 2011.
The financial statements were approved by the Board of Trustees and authorised for issue on
11 July 2025 and were signed on its behalf by:
t 6
S J Millman - Trustee
The notes form part of these financial statements
Page 19

Childlife
Statement of Cash Flows
for the Year Ended 31 March 2025
31.3.25
31.3.24
Notes
Cash flows from operating activities
Cash generated from operations
(6,761)
341.669
Net cash (used in)Iprovided by operating
activities
341,670
Cash flows from Investing actlvitles
Purchase of intangible fixed assets
Purchase of tangible fixed assets
(8,010)
1,860
Net cash used in investing activities
1,860)
Change In cash and cash
equlvalents In the reportlng
period
Cash and cash equlvalents at the
beglnnlng of the reporting perlod
(8,621)
333,165
790,837
457,672
Cash and cash equlvalents at the
end of the reporting perlod
782,216
790,837
The notes form part of these financial statements
Page 20

Childlife
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basls of preparing the flnancial statements
The financial statements of the charitable company, which is a public benefit entity under
FRS 102, 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),, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, and the Companies Act 2008. The financial statements have been
prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has
entitlement to the funds, it is probable that the income will be received and the amount can
be measured reliably.
Expendlture
Liabilities are recognised as expendrture as soon as there is a legal or constructive
obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been
classified under headings that aggregate all cost related to the category. Where costs cannot
be directly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted
as a commitfflent but not accrued as expenditure.
Tanglble flxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Flxtures and fittings
Computer equipment
250/0 on cost
250/0 on cost
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance wrth the charitable objectives at the discretion
of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
Page 21
continued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - contlnued
Pension costs and other post-retlrement benefits
The charitable company operates a defined contribution pension scheme. Contributions
payable to the charitable company's pension scheme are charged to the Statement of
Financial Activities in the period to which they relate.
DONATIONS AND LEGACIES
31.3.25
31.3.24
Unrestricted Total
funds
funds
Donations
1341,462 1304,724
INVESTMENT INCOME
31.3.25
31.3.24
Unrestricted Total
funds
funds
Bank Interest Received
13,852
5,647
RAISING DONATIONS AND LEGACIES
31.3.25
31.3.24
Unrestricted Total
funds
funds
staff costs
Rates and water
Insurance
Telephone
Postage and stationery
Sundries
Fundraising costs
Other fundraising costs
Computer software and maintena
Bank charges
Trade subscriptions
Travel and subsistence
Advertising
Legal and professional fees
94,578
6,716
1,499
651
3,632
337
545,936
1,623
10,029
47,595
1,956
176
3,607
89,558
5,749
1,424
1,311
10,212
361
467,350
19,237
12,356
45,002
1,610
120
1,798
721,695
662 654
Page 22
continued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
Support
costs (see
note 7)
Totals
Grants payable- institutions
Governance costs
450,000
450,000
12,865
12,865
450,000
12,865
462,865
GRANTS PAYABLE
31.3.25
31.3.24
Grants payable - institutions
450 000
410,000
The total grants paid to Institutions during the year was as follows:
31.3.25
31.3.24
Grant Funding of activities
450 000
410000
SUPPORT COSTS
Governance
costs
Other
Totals
Governance costs
7,200
12,865
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) Is stated after chargingl(crediting)'.
31.3.25
31.3.24
Audit-related assuran￿ services
Depreciation - owned assets
Development costs amortisation
7,200
1,660
4,005
6,054
4,247
2,837
Page 23
continued...

Childlife
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025
nor for the year ended 31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
10. STAFF COSTS
31.3.25
31.3.24
Wages and salaries
Social security costs
Other pension costs
82,805
7,661
4,112
78,580
7,078
3,900
89,558
The average monthly number of employees during the year was as follows..
31.3.25
31.3.24
Cost of raising income
Charitable activities
No employees received emoluments in excess of £60,000.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,304,724
Investment income
5,647
Total
1,310,371
EXPENDITURE ON
Raislng funds
Raising donations and legacies
662,654
662,654
Charitsble activlties
Grants payable - institutions
Governance costs
410,000
10,273
Page 24
continued...

Childlife
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-
contlnued
Unrestricte
fund
Total
1,082,927
NET INCOME
227,444
RECONCILIATION OF FUNDS
Total funds brought forward
390,055
TOTAL FUNDS CARRIED
FORWARD
617499
12. INTANGIBLE FIXED ASSETS
Developm
costs
COST
At 1 April 2024 and 31 March 2025
29,366
AMORTISATION
At 1 April 2024
Charge for year
23,692
4,005
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
5,674
Page 25
continued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Computer
equipment
Totals
COST
At 1 April 2024
Additions
2,864
26,151
1,860
29,015
1,860
At 31 March 2025
2,864
28,011
30,875
DEPRECIATION
At 1 April 2024
Charge for year
2,864
22,118
1,660
24,982
1,660
At 31 March 2025
26,642
NET BOOK VALUE
At 31 March 2025
4,233
4,233
At 31 March 2024
4,033
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
other debtors
Prepayments
63,705
12,446
27,210
10,672
76,151
37,882
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Trade creditors
Social security and other taxes
Accrued expenses
56,761
2,701
16,554
23,078
2,648
195 201
76,016
220,927
Page 26
continued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestrlcted funds
General fund
617,499
170,754
788,253
TOTAL FUNDS
617 499
170,754
788,253
Net movement in funds, included in the above are as follows..
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted funds
General fund
1,355,314 (1,184,560)
170,754
TOTAL FUNDS
170 754
Comparatlves for movement In funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
390,055
227,444
617,499
TOTAL FUNDS
390 055
227,444
617499
Cofflparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted funds
General fund
1,310,371 (1,082,927)
227,444
TOTAL FUNDS
227 444
Page 27
Gontinued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
390,055
398,198
788,253
TOTAL FUNDS
390,055
398,198
788,253
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted funds
General fund
2,665,685 (2,267,487)
398,198
TOTAL FUNDS
2,665,685
2,267,487)
398,198
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
18. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.25
31.3.24
Net Income for the reportlng period (as per the Statement
of Flnanclal Actlvltles)
Adjustments for:
Depreciation charges
(Increase)Idecrease in debtors
(Decrease)lincrease in creditors
170,754
227,444
5,665
(38,269)
144,911)
4,219
3,770
106236
Net cash (used In)Iprovlded by operatlons
6,761)
341669
Page 28
continued...

Childlife
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
19. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow At 31.3.25
Net cash
Cash at bank
790,837
782,216
790 837
8,621
782 216
Totsl
790,837
782,216
Page 29