Registered number: 04007007 Charity number: 1082084 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of the Charity, its Trusteu and Advisers Trustees, Report Independent Examiner's Report Statement of Flnanclal Aetlvltles Balanee Sheet 10 Not¢$ to the Flnan¢lal Statements CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS For the year ended 31 March 2024 Trustees Princess Marina Lobanov-Rostovsky JP MA. Chair C P Bigland A Clyde IPFA. Honorary Treasurer (resigned I l July 2023) K Dunn Bsc MBBS FRCS(tA)nd) FRCS(plast) FRCS(Ed), Vice Chair R Wilsher OBE, QFSM N B O'connor CBE A Tweddle Company registered number 04007007 Charity registered number 1082084 Registered offiee Potton House Wyboston Lakes Great North Road Wyboston Bedford MK44 3BZ Management te¥dm Mrs K McGregor- Finance Manager Ms J Myers- Operations Manager Accountants Streets Whitmarsh Sterland LLP Potton House Wyboston Lakes Great North Road Wyboston Bedford MK44 3BZ Bankers Barclays Bank plc 188 Clapham High Street Clapham London SW4 7UF Solicitors Charles Russell Speechlys 5 Fleet Place London EC4M 7RD Page 1 CHILDREN'S BURNS TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT For the year ended 31 March 2024 The Trustees present their annual report together with the financial statements of the Children's Bums Trust for the year I April 2023 to 31 March 2024. Th¢ Annual Report s¢rv¢s th¢ pu￿OseS of both a Trustees, report and a dir¢¢tors' report under company law. Th¢ Trustees confwm that the Annual Report and fInancial statements of the charitable company omply with the current statutory requirements, the requirements of the charitable company's goveming 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 I January 2019). Since the Charity qualifie5 as small under section 382 of the Companies Act 2006. the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 h&s been omitted. Structureg governance and management Conslitution Children's Bums Trust is a company limited by guarantee, and a registered charity. It was incorporated on 30 May 2000 and wa5 registered as a charity on 18 August 2000. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of A550ciation. b. Methods of appointrnent or election of Trustees The directors of the company are also charity Trustees for the purpose5 of charity law and under the company'5 Articles of Association are known a5 members of the Managem¢nt Commill¢¢. cu￿¢ntIy, th¢r¢ ar¢ no rules rcgarding r¢-¢l¢clion of Trustees for specific period5 or ternis of office. Alan Clyde our Honorary Treasurer retired as a Trustee in July 23, to spend more time with his family and hobbies, mainly golfl. W¢ would lik¢ to take this opportunity to thank him for him many y¢ars of support to the charity and wish him thc very best for th¢ future. Policie5 adopted for the induction and training of Trustees All Trustee5 are familiar with the charity's work and no plans for additional training are to take place, unless there is a statutory requirement. The Trnstees are made fvlly aware of all applicable legislation changes that may require the appropriate training, if required. All newly appointed Trustees are provided with a ￿11 induction of the relevant infonnation and legal requirements of becoming a Trustee. d. Organisational structure and decision-making policies The Children's Bums Trust has a committee of Trnstees, who meet regularly on a quarterly basis, and who are responsible for the strategic direction and policy of the charity. Currently, the committee has six members from a range of diverse backgrounds, covering all areas relevant to the charity. Various sub working groups have been set up within the charAty; the w0￿1ng groups has been fornied consisting of staff, advisors and several rnernbers of the Trustees, who meet on a more regular basis than that of the quarterly Trustees meeting. These meetings ensure that the rharity delivers the Services and projects specified and to execute the responsibilities and tasks s¢t within the charity. Page 2 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) For the year ended 31 March 2024 Structure? governance and management (continued) . Financial risk management The Trustees review and discuss, if required, at the management meetings, any major risk5 to which the charity may be exposed to. Where appropriate, systems or procedures have been established to mitigate the risks the charity face5- internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health & safety of staff, volunteers, clients and visitors. If it 15 decided that a certain area needs to be reviewed, this will be discussed and documented at the next available Trustees meeting. f. Pay policy for key management personnel Remuneration for key manag¢m¢nt per50nn¢l (either employee salaries or rates of pay for contracted services) is reviewed according to market rate5 for the services provided by staff members. No Trustees are paid for their services to the charity. Objectives and g¢tivitl¢S Policies and objectives The charity's objective5 and principal aim as set out in the objects in the company's Memorandurn of Association are to: Provide support for burn and scalded injured children and their families. Raise awareness to prevent these injuries, by highlighting the risks and effects of burn related injuries; To work alongside our partners, in educating childr¢n and th¢ir ¢ar¢rs about th¢ dang¢rs of fir¢, hot wat¢r and othcr causes of burns and scalds. Tn setting objectives and planning for activitics, the Trustees have given due consideration to general guidance published by the Charity Commi55ion relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. b. Main activities undertaken to further Ihe Charlty's purposes for the publle beneflt We review our aims, objectives and activities each year. The review looks at what the charity ha5 achieved and the outcome of our work over the past 12 months. We look at the succes5 of each key activity and the benefits that they have brought to those groups of people the charity is set up to help. The review also helps us to ensure that our aims and objectives remain focused. The Trustees have reterred to the guidance contained in ihe Charity Commission'5 general guidance on public benefit when reviewing the airns and objective5 and in planning the charities ￿tUre activities. Our main projects and achievements and who we ty to help are described below. All our charitable activities focus on the prevention, rehabilitation and support of burn and scalded children and are undertaken to further our charitable purpose5 for the public benefit. Page 3 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) For the year ended 31 March 2024 Achievements and performance . Revieiv of activities Rehabilitation Family Weekends CB T held two Family Weekends throughout the year at the Fire Fighters Charity premises in Penrith. together with one in Littlehampton. These are in collaboration with the Northern Burn Care Network and one with the London & Southeast Burn Network. The feedback from the weekends is always overwhelmingly positive, however we have always been aware that these efforts have reached only a tiny proportion of those families who might benefit from such support. The aims of each face-to-face weekend are: Provide an opportunity to meet and share experience with other families who have a child with a bum injury. Gain support from each other. Gain help and Rnforn]ation from staff and volunteers from the burn's services. A complete break from routine and quality time out. We recognised, as a result of the regular, collaborative discussions we had with bum care professionals nationwide, thal the NHS is not going to function in the way it has traditionally (as a result of the Covid-19 pandemic) and that most post- admission follow-up and rehabilitstion was going to be delivered remotely. The acceptance that working and care giving remotely would be generally expected and acceptable, opened the potential of reaching many of the families CBT was historically unable to help. The need for support was as great as ever. Dala from the international Burn Injury Datsbase (IBID), incorporating data collected from all NHS Burn Services in England and Wales. showed that de5Plte an initial drop in the number of incidents reported, the numbers sharply recovered, with causation trend5 remaining largely unchanged. Recent analysi5 Ca￿led out shows that 721 children were burned or scalded in April 2023 alone, this figure is the more serious injuries and does not include A&E data. To begin establishing the demand for an online alternative to a fare-to-face faTnily event, and the sort of forniat parents would find most us¢ful, we conducted a short survey to the members of the Private ParenLICarer Support Group launched by CB T on Facebook earlier during the year. It currently has over 300 members. We also surveyed burn care professionals, and the findings indicated that while they hoped that eventually it may be possible to return to delivering post burn rehabilitation services as they were pre-covid, the need to develop an alternative was universally accepted. Page 4 CHILDREN'S BURNS TRUST (A Company Limited by Guaranteel TRUSTEES. REPORT (CONTINUED) For the year ended 31 March 2024 Achievements and performance (continued) Preventlon Burn Awareness Day Th¢ National Burn Awareness Day (NBAD) was held on Wednesday I lth October 2023 and was once again an astounding suc¢¢ss, ￿achIng millions of people across the UK and beyond. The importance and reach of NBAD has grown year-on- year. Hospitals, Burns Services, Community Health. Fire & Rescue Services around the country were among the many organisations that held awarene55 raising events. NBAD 15 an annual UK campaign to raise awareness of the shocking number of people burned each and every day - the vast majority of which are preventable,. and to promotc good First Aid should a burn or scald occur. The team worked extremely hard in the months leading up to the day to produce helpflll r¢source5 that inspired a huge variety ofpeople to embrace and promote the day. Both organic and paid advertising were deployed around NBAD on the Children's Bums Trust social channels including Facebook, Instagram, Twitter and TikTok with the top perfonning post being 'Every hot water bottle has a flower showing when it will expire, The CB T website saw an increase of 21.30/0 in users compared with October the previous year and an increase of 47.8211/0 in pagc views. Children's Burns Trust would like to thank everyone who helped us towards achieving this level of awareness for this year, together with our Corporate Sponsors - Leigh Day Solicitors who were our 'Communications Partner, for NBAD 2023. Campaigns Our prevention work included joining forces with Electrical Safety First in their carnpaign to address the critical problem of the surgtng number of fatalities due to fires and explosions triggered by e-bike and e-scooter batteries. We encouraged people to contact their MPS to demand their support for a debate we attended in Parliament on the lithium Battery Bill which aimed to tackle the main causes of deadly bartery fires caused by sub-standard d¢vices and incorrect usag¢. The latest figures, which come from IBID, Show that burn and scalds to children from hair straightener5 in the first 6 months of 2023 increased by 200/0 compared with the same period the previous year. Experts are warning that hair slraightener5 can reach temperatures of ov¢r 220d¢gc and stay hot up lo 40 minut¢s after th¢y have been swilchcd off. Burns Databvase The database has been developed to assist in two ways: Providing technical data for those involved in the care and 5UPPOrt of children with burn5, academics, clinicians and service planners. Providing a user-friendly preverjtative education and advice learning zone developed frorn reliable data. The Burn Injury Data reporting tool is now live on the CB T website. www.cbtrust.org.uk where positive feedback has been received. Support We provide support in the following ways: Direct Support- in conjunction with the NHS Profe55ionals we provide financial support to families. Providing Equipment to NHS burns services" Signposting- providing advice to families on how to access burn related inforniation. Page 5 CHILDREN'S BURNS TRUST (A Company Llmlted by Guaranteel TRUSTEES. REPORT (CONTINUED) For the year ended 31 March 2024 Achievements and performance (continued) Direct Family Support Often children with severe bums are admitted to specialist burns services in hospitals far from their home- sometime over 100 miles away. PaTents coping with the trauma of a seriously ill child and trying to juggle travel, childminding siblings and their jobs can find mounting expenses a serious problem. Following referral from the relevant clinical burns specialists w¢ help families throughout the UK to cope with these initial costs. We found that applications increased during and exiting the pandemic, with applications received from hospital bum's units that we have not helped previously. 24 families from 9 different specialist burns services were helped throughout the year. Providing Equipment I materiAIs We work closely with those hospitals in the UK that operate specialist services for children with burns and scalds. As part of our work, we are committed to providing facilitie5 and equipment which ale not readily available throughout the NHS and yet are vital to the success of the long-tem recovery of a child with bums. in achieving a low or pain free treatrnent during such recovery. Outreach grants were given TaT]ging from providing a drysuit to covering travel expense5 to the Jamboree. Signposting We can provide advice on how to acces5 inforniation and support if parents or carers of a burn injured child contact us directly. Finaneial review a. Prineipal funding The principal funding source5 for the charity are CU￿entlY by way of grant income from Trusts, donations made by the public and external fundraising activities by our supporter5. We are extremely grateful to our corporate supporters who support the charity in different ways, in particular to our new co￿Orate supporters Leigh Day for their financial support for NBAD and Th¢ Association for Specialist Fire Prolection for th¢ir fundraising, together with a special mention to the UKFA who selected Children'5 Burns Trust as their chosen charity for 2023. We were delighted to be invited as the charity partner for the March 2024 Aesthetics Awards. we welcomed the opportunity to celebrate the achievements of professionals w0￿1n8 in the field of aesthetic rnedicine recognising that the work they do to improve function, quality of life and overall confidence in their client5 resonate5 Wlth all that we do. Our individual supporter5 and fimdraisers are equally special to us, for their time, commitment and detennination to support the charity- The sUPPOrt received changes lives and can help us to deliver our programme of awareness, rehabilitation and support. We are therefore so grateful to anyone who has donated this year and supported our work, we are unable to ontinue our work with without you. b. Material investments policy As most of the charity's general fvnds are spent inihe short terni, there are'few fvnds qyaiTrable foT long term investment, although a deposit account is in use, if required. . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to ontinue in operdtional existence for the fores¢eable future. For this reason, they continue to adopt the going concern basi5 in preparing the financial statements. Page 6 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) For the year ended 31 March 2024 d. Reserves policy The charity has not received any capital endowinents. The Trustees therefore believe that it is pNdent, when possible. to retain each year'5 unspent income until an adequate expendable reserve has been established to ensure the continuity of the charity's projects. A reserve of at least one year's n]nning costs (c. £80k) of the charity is maintained where possible. Full details of the policies for restricted and unrestricted reseryes are given in note 14 of the financial statements. Plans for the future The charity plans to continue the activities outlined previously in the forthcoming year, subject to satisfactory funding a￿ang¢￿ellts. Statement of Trustees, re$pon5ibilities The Trustees (who are also the directors of the Charity for the Purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law Bnd United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each fman¢ial Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resource5 and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102). make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Stgndards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the fmancial position of the Charity and enable them to ensure that the ffftancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fi7ud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Je £&_ Ak Princess Marina Lobanov-RostOV5ky JP MA Chair of ttustees Datc: 10 December 2024 Page 7 CHILDREN'S BURNS TRUST (A Company Limited by Guarantso) INDEPENDENT EXAMINER'S REPORT For the yaar ended 31 March 2024 Independent Examlner's Report to the Trustees of Childytn's Burns Trust {'the Charity,) T report to the charity Trustees on my examination of the accounts of the Charity for the ytsr ended 31 Mar¢h 2024. Responslbllitles And Basts of Report As the 'frustees of the Charity (and its d1￿CLorS for the purposes of rompany law) you are responsible tor the prepardtion of the accounts in accordance with the requirements ofthc Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Charity are not required to be audited undcr Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charily's accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I hav¢ followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Exsmln¢r's Statement I have completed my examination. I confim that no matters have come to my attention in connection with the examitta¢ion giving me cause to belicve.. accounting records were not kept in respect ofthe Chai'ity as required by seclion 386 ot the 2006 Act- or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of Lhe 2006 Act other than any requirement that the accounts give a 'tsve and tal￿ view which is nol 8 matter considered as part of an independent cxamination. or the accounts have not been prcpared in Accordance with the methods and principl¢s of the Statement of Recommended Practice for accounting and reportin8 by charities [applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102)1. I have no concerns and have ￿me across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This r¢port is made solely to the Charity's Trustees, a5 a body. in accord8nce with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work h&5 been undertaken so that I might statc to the Charity's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the lullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Charity and the ChoJity's Trustee5 &8 a body, for my work or for this report. Signed: Dated: 18 De￿mber 2024 Linda J Lord BS4 BFP, FCA. TEP Streets Chartered Accountants, Potton House, Wyboston Lakes, Great North Road, Wyt(Jston. B¢dford MK44 3BZ Page 8 CHILDREN'S BURNS TRUST (A Company Limfted by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUN For the year ended 31 March 2024 Restricted funds 2024 Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Note Income from: Donations and legacies Investments 500 87,811 1,102 88,311 1,102 134.539 J04 Total incom¢ 500 88,913 89,413 134,643 Expenditure on: Raising funds Charitable activities 17,768 47,054 17.768 87,525 21,009 60.096 40,471 Total expenditure 40,471 64,822 105,293 81, 105 Net (expenditure)/income Transfers between funds (39,971) 14,196 24,091 (14,196) (15,880) 53,538 14 Net movement in funds {25,775) 9,895 (15,880) 53,538 Reconciliation of funds: Total funds brought forward Net movement in ￿llds 49,750 (25,775) 99,018 9,895 148,768 (15,880) 95,230 53,538 Total funds carrled forward 23,975 108,913 132,888 148, 768 The Statement of Financial Activities includes all gains and losses recognised in th¢ year. The notes on pages I I to 21 forni part of these financial statements. Page 9 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) Registered number: 04007007 BALANCE SHEET As at 31 March 2024 2024 2023 Not¢ Fixed assets Tangible assets Current assets 124 Debtors Cash at bank and in hand 12 8,877 128.841 1.948 150,218 137,718 152,166 Creditors: amounts falling due within one year 13 (4,830) (3,522) Net current asset$ 132,888 148, 644 Totsl assets less current liabilities 132,888 148, 768 Totsl net assets 132,888 J48, 708 Charity funds Restricted funds 14 23,975 108,913 49, 750 99,OJ8 Unrestricted funds 14 Totsl funds 132,888 148, 768 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with sertion 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with r¢sp¢ct to accowiting records and preparation of financial statements. The fmancial statements have been prepared in accordance with the provisions applicable to entities subject to the Small companies regime. The financial statements were approved and authorised for tssue by the Trustees and signed on their behalf by: Princess Marina Lobanov-Rostovsky JP MA Chair of trustees Date: 10 December 2024 The notes on pages I I to 21 fomi part of these financial statements. Page 10 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 General information As set out in the trustees, report, Children's Burns Trust is an incorporated charity registered in England and Wales. The address of their registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston MK44 3BZ. The financial statements are prepared in sterling, which is the fi]nctional currency of the entity. Accounting poll¢ie5 2.1 Basls of preparation of financlal stalemenls The fmancial statements have been prepared in a¢¢ordance 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 l January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companie5 Act 2006. Children's Burns Trust rneets 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. 2.2 Going Concern The Trustees a55ess whether the use of going concern basis is appropriate i.e. whether there are any material uncertaintie5 related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this asse55ment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. The trustees Consider that the charity has adequat¢ resources to continue in operational existence for the foreseeable future and they continue to adopt the going ¢onc¢rn basis of accounting in preparing the financial 5tatem¢nts. 2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the inrome will be received and the arnount of income receivablc can be measured reliably. Income tax recoverable in relation to investment income is retognis¢d at the time the investment income is receivable. Page11 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 AccouTrling policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constrnctive 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 m¢asured reliably. Expenditure on raising fijnds includes all expenditure incurred by the Charity to raise fimds for its charitable pury)oses and includes costs of all fundraising activities event5 and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity. this is nomally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets are capitalised and recognised when fu￿re economic benefits are probable and the cost or value of the asset Gan be measured reliably. Tangibl¢ fix¢d as5¢t5 are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost le55 accumulated depreciation and any accumulated impaiment losses. Depreciation is rharged so as to allocate the cost of tangible fixed assets less their residual value over their estimated usefvl Iiv¢s. Depreciation 15 provided on the following basis: Office equipment 250/0 per annum straight line 2.7 Debtors Trade and other debtors ar¢ re¢ognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-terni highly liquid investments with a short maturity of three months or less from the date of acquisltion or opening of the deposit or similar account. Page 12 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Aceounting policie5 (continued) 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balanc¢ Sheet dat¢ a5 a result of a past ¢v¢nt, it 15 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 anticipate5 It will pay to settle the debt or the amount it has received as advanced payments for the goo(L5 or services it must provide. 2.1 O Flnanclal In$trument5 The Charity only has financial assets and fmancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequcntly measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.1 I Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.12 Fund aceountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in filltherance of the general objectives of the Charity and which have not been designated for other putposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such fi￿dS are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the fu]an¢ial statement5. Page 13 CHILDREN'S BURNS TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total fund5 2024 Tolal fvnds 2023 Donations 500 87,811 88,311 134,539 Total 2023 41,201 93,338 134,539 Investment income Unrestrlcted rund5 2024 Total funds 2024 Tolal fvnds 2023 Interest received ,102 1,102 104 Page 14 CHILDREN'S BURNS TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Expenditure on r8isin£ fund5 Costs of raising voluntary income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising costs Wages and salaries 14,825 2,943 14,825 2,943 18,309 2. 700 Total 2024 17,768 17,768 21,009 Analysfs of expenditure on charitable activities Summary by fund type Restrleted Unrestrleted funds funds 2024 2024 Total 2024 Tolal 2023 Prevention Rehabilitation 27 29,119 5,142 12,793 29,146 45,586 12,793 21,567 25, 088 13,441 40,444 Support Totsl 2024 40,471 47,054 87,525 60,096 Total 2023 20.396 39, 700 60, 096 Page 15 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Analysis of expenditure by activities Activities undertaken direetly Support costs 2024 2024 Total funds 2024 folal fvnds 2023 Prevention 608 28,538 ,672 7,285 29,146 45,586 12,793 21.567 25, 088 13,441 Rehabilitation Support 36,914 5.508 Total 2024 43.030 44,495 87,525 60.096 Tolal 2023 28,OJ2 32,084 60, 090 Independent examiner's remuneration The independent examinevs remuneration amounts to an independent examiner fee of £3,450 (2023 - £3.250). Stsff costs 2024 2023 Wages and salaries Contribution to defined contribution pension schemes 29,852 401 18,839 367 30,253 19.206 The average number of persons employed by the Charity during the year was as follows: 2024 2023 Athninistration No employee received remuneration amounting to more than £60,000 in either year. The key management personnel as detailed on page l. received remuneration amounting to £28,965 {2023: £25,619) during the year. £20.515 (2023.. £19.361) paid to employees and £8,450 (2023: £6,258) in contracted labour costs. Page 16 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 io. Trustees, remuneration and expenses During the year, no Trnstecs received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024, no Tr￿stee expenses have been incurred (2023 - £NIL). ii. Tangible fixed a55ets Office equipment Cost or valuation At l April 2023 851 At 31 March 2024 851 Depreciation At l April 2023 Charge for the year 727 124 At 31 March 2024 851 Net book value At 31 March 2024 Ai 31 March 2023 124 12. Debtors 2024 2023 Due within one year Prepayments and accrued income 8,877 1,948 Page 17 CHILDREN'S BURNS TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 13. Creditors: Amount5 fvdlling due within one year 2024 2023 Trade creditors 1,380 203 69 Other creditors Accruals and deferred income 3,450 3,250 4.830 3,522 14. Statement of funds Statement of funds- current year Balance at I April 2023 Transfers Balance at 31 Inlout March 2024 Income Expenditure Unrestricted funds General FuThd 99,018 88,913 (64,822) (14,196) 108,913 Restrlcted funds Rehabilitation Prevention 33,815 2,415 (12,206) (49) (2,796) (25,420) 21,609 2,366 NBAD 500 2,296 11,900 Digital transfonnation 13,520 49,750 500 (40,471) 14,196 23,975 Total of funds 148,768 89,413 (105,293) 132,888 Page 18 CHILDREN'S BURNS TRUST IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 14. ststement of funds (continued) Statement of funds- prior year Balancé al 31 March 2023 Balance al l April 2022 Ti-ansfers i￿0￿{ Income Expendift4re Unrestrlcted funds General Fund 66, 452 93.442 (60, 709) (167) 99.OJ8 Re5trleted funds Rehabilitation Prevention 22,889 5,000 889 25.201 2,000 (14,275) (4,585) (J. 056) (480) 33,815 2,415 NBAD 167 Digital transfonnation 14,000 13,520 28, 778 4J,201 (20,396) J67 49, 750 Total of funds 95,230 134.643 (81,105) 148, 768 General Fund The general fund r¢pre5ent5 funds which are available for general Charitable activities, at the discretion of the trustees. Restrleted Funds Rehabilitation - VTCTF have provided grants in previous years to fund family therapy weekends. £12.206 of these fim