**Registered number: 03671965 Charity number: 1087447** 

# **The Supported Fostering Services Charitable Trust (A company limited by guarantee)** 

**Trustees' report and financial statements** 

**for the year ended 31 March 2025** 



Thè Supported Fostering Services Charitable Trust
IA company limited by guarantee}
Contents
Page
Reference and admlnistratlve details of the charity, its Trustees and advisers
Trustees. report
Trustees. responsibllllies statement
Independent audilors, report on the financial statements
Statement of financlal activlties
Balance sheet
10
Statement of Cash flows
12
Notes to the flnancial statements
13-24

The Supported Fosterin9 Servlces Charitable Trust
(A company limited by guarantee)
Reference and administrative details of the charity, its Trustees and advisers
for the year ended 31 March 2025
Trustees
Derek Clode
Dr Michael Davies
Jane Waterhouse
Jamie Braddock (appointed 16 April 20241
Company registered
number
03671965
Charity registered
number
1087447
Registered off ice
12 Conqueror Court
Sittingbourne
England
ME10 5BH
Principal operatlng
office
4 Richmond Road
Cardiff
Wales
CF24 3AS
Independent auditors
Xeinadin Audit Limited
Chartered Accountants
Slalulory ALsditor
12 Conqueror Court
Siltingbourne
Kent
ME10 58H
Bankers
National Westminster Bank PIC
3 High Street
Maidslone
Kent
ME14 1XU
Page 1

The Supported F05tering Seniices Charitable Trust
(A cornpany limited by guarantee)
Trustees, report
for the year ended 31 March 2025
The Truslees present their annual report together with the audited financial slalements of the charity for the year
1 April 2024 to 31 March 2025. The annual report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the annual report and financial statements of the charitable
company comply with the current slatulory requirements, the requirements of the charitable company's
governing document and the provisions of the Slaternent of Recommended Practice ISORPI applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of
medium and large companies Lsnder the Companies Act 2006 Istralegic Report and Direclor5' Report)
Regulations 2013 has been omitted.
The charity also trades under the narnes SFS Charitable Trust.
Objectives and activities
a. Policies and objectives
The charitable company's objects are lo provide support services to those companies working within the
independent fostering industry. This would include setvices such as foster support seNices, educational
services, therapy services, social work services and administration seNices, although the charity may offer other
support services on an adhoc basis if requested by their customers.
In selling objectives and planning for activities, the Trustees have given due consideration lo gene(al guidance
published by the Charity Comm ission relating to public benefit, including the guidance 'Public benefit.. running a
charity IPB2}'.
Achlevements and performance
a. Charitable activities
The charity recruits, supports and Irains foster carers in Wales matching the different needs of chilclren in care,
referred by local aulhorities, lo the different skills and abilities of those carers,
b. Key performance indicators
The company has seen a 16 % increase12024 220/0 increase) in incoming funds with Gosls increasing by 190/0
before accounting foT the release of the Young Persons Grar)t provision {2024 21 /0 increase) resulting in a
surplus in the year.
We consider the two key perfoirnance indicalors are turnover and the surplus or deficit for the year. and given
the nature of the business we consider more detailed analysis not necessary for the understanding the
performance of the business.
The charity continues to have significant reserves to create a buffer against further reductions in income.
Page 2

The Supported Fostering Servlces Charitable Trust
IA company limited by guarantee)
Trustees. report Icontinued
for the year ended 31 March 2025
Achievements and performance (continued
c. Review of activlties
A massive Ihank you lo all our families. And we really mean the whole family as Ihefe are many birth children
growing up in households who foster. They are an important part of the fostering experience for children and
young people.
Also, a thank you to all the staff who have continued to offer the best support to everyone.
Our children looked after have made significant progress during the year. Well done.
Welsh Government have sel out a timelable for their pro9ramme to eliminate profil from the care of children
looked after. By 2027 for profil organisations will not be permitted lo operate in Wales. However, we are waiting
for detail on exa¢lly how this will be implemented, Decisions regarding the specific types of organisation that will
be acceptably to provide foster￿ng services have yel to be announced. In any event as a register charity, we are
exactly the type of provider they want.
The demand for placements remains very high. Some children and young people who have been assesses as
having their needs met within a f05tering environment are being placed by local authorities in residential due to
lack of placement availability.
Recruitment of foster carers remains challenging. This is an issue across the UK with the nel number of carers
reducing. Despite millions of pounds being invested by Welsh Government in Foster Wales to recruit local
authority carers this has not reversed the trend,
There have been no CIVV inspections during the last year as they have focused their efforts on safeguarding
issues elsewhere and moniloring unregulated services.
The trustees are considering expanding the number of Iruslees on the board in order to broaden the range of
skills and experience available to SFS. We believe a small board can be effective and is proportionate to the size
of the organisation, however, at least one additional member should assist organisational development
The Board are very gralelul for the unstinting commitment ancl dedication frorr everyone. 11 is you that makes
SFS Ihe organisation il is and the organisation that is able to make a positive impact on the lives of so many
children and young people.
Financial review
a. Golng concern
Afler making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopl
the going concern basis in prèparing the financial statements. Furthef details regarding the adoption of the going
concern basis can be found in the accounting policies.
Page 3

The Supported Fostering Servlces Charitable Trust
(A company limited by guarantee)
Trustees. report l¢ontinued}
for the year ended 31 March 2025
b. Reserves policy
The ReseNes Policy sets out for stakeholders why we are holding a particular level of reserves. ReseNes are
necessary to ensure the organisation is properly man89ed and provide resilience lo meet foreseeable and
unforeseeable ¢ircumslances.
We monitor reserves during the year as part of our budgetary process and financial monitoring. These reserves
are higher than they might be as we make financial decisions ahead of Ihe financial year based on estimates.
Local Authority fee settlements are f requently not made until the middle of the financial year therefore we must
bridge potential gaps. We also need working capital lo provide sufficient liquidity.
The level of reserves is informed by OLtr forecasts of income for the current and future years alongside forecasts
of expenéiture on the basis of planned activity. Analysis of future needs, opportunities, commitments and risk,
where future income alone is likely to fall short ol the amount of the anlicipaled costs. Assessments if the
likelihood of a shortfall arising which means that reserves are ne¢e55ary.
The Trustees consider il prudent to maintain ieserves of at leasl six months operating expenditure in line with
many organisations.
In addition, a designated resetve fund is being established to allow for fLtture improvement and expansion of
services for children, young people and foster parent5.
Following accounting advice. the trustees will be establishing a designated reserve fund in the next financial year
in respect of expected fulure outlay in relation lo the contingent liability recognised in the financial statements.
Structurei governance and management
a. Conslitutlon
The Supported Fostering Services Charitable Trust is registered as a charitable company limited by guarantee
and was set up by a Trust deed.
b. Methods of appointment or elect￿On of Trustees
The directors of the company are also charity trustees for the purposes of charity law.
When considering co-opting new trustees, the board has regard lo the requirement for any specialist skills
needed.
c. Policies adopted for the Induction and training of Trustees
Most Irustees are already familiar with the workings of the charity having ielevant experience.
New trustees are invited and encouraged to attend a series of training services to familiarise Ihemselves with the
charity. These are led by the company secretary and senior management and cover..
the obligations of the trustees as directors and trustee5.
the main documents governing the operation of the Charity,
the current and future plans and obieclives.
d. Financial risk management
The Trustees have assessed the major risks lo which the charity is exposed, in particular those related to the
operations and finances of the charity, and are satisfied that systems and proceduTes are in place to mitigate
exposure lo the major risks.
Page 4

The Supported Fostering Servl¢es Charitable Trust
IA company limited by guarantee)
Trustees. report Icontinuedl
for the year ended 31 March 2025
Structure, governance and management Icontinuedl
e. Organisational structure and decislon making
The board of trustees meets on a regular basis to administer the charity
The day to day management is delegated to senior management who reports to the board on operational issues.
f. Board changes
The Board welcomed a new Trustee, Jamie Braddock. on 16 April 2024.
Plans for future periods
The Board of Trustees are ever watchful regarding developments in the fostering sector. The intention is the
continue lo provide a good or indeed outstanding service lo the young people that Ihe charity looks after and lo
the local aulhorilies who place these young people.
The Trustees are also building reserves with the intention of expanding the charities offering to an increased
number of looked after children in the future
Audltors
The auditors, Xeinadin Audit Limited, have indicated their willingness lo continue in office. The designated
Trustees will propose a motion reappointing the auditors al a meeting ol the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Derek
Trustee
Date.
ode
411¥
Page 5

The Supported Fostering Services Charitable Trust
{A company limlted by guaranteel
Statement of Trustees, responsibilities
for the year ended 31 March 2025
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 and United
Kingdom AccoLJnting Standards (United Kingdom Generally AGcepled Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial 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 slate of affairs of the charity and of Its incoming resources and application of resources, Including its income
and expenditure. for that period. In preparin9 these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates thal are reasonable and piudent.,
slate whether applicable UK Accounting Standards (FRS 102) have been followed, subject lo any material
departures disclosed and explained in the financial statements,
prepare the financial statements on Ihe going concern 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 lime the financial position of Ihe ¢harity
and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking re8sonabl8 steps for the prevention
and detection of fraud and other irregularities,
Approved by order of the members of the board of Trustees and signed on its behalf by
Derek Clode
Trustee
Date..
¢ia 21
Page 6

## **The Supported Fostering Services Charitable Trust (A company limited by guarantee)** 

## **Independent auditors' report to the Members of The Supported Fostering Services Charitable Trust** 

## **Opinion** 

We have audited the financial statements of The Supported Fostering Services Charitable Trust (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources 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 Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

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

## **Conclusions relating to going concern** 

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 7 



The Supported Fostering Services Charitable Trusl
(A company limited by guarantee)
Independent auditors, report to the Members of The Supported Fostering Services CharFtable Trust
Icontlnued)
Other informatlon
The other information comprises the information included in the annual report other than the financial statements
and our auditors, report thereon. The Trustees are responsible for Ihe other information contained within the
annual report. Our opinion on the financial statements does nol cover the other information and, except lo the
extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is lo lead the other informalion and, in doing so, consider whether the other information is
materially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial
slalemenls 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.
Opinion on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit=
the information given in the Trustees, report for the financial year for which the financial statements are
prepared is consislenl wilh the financial statements.
the Trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the followin9 matters in relation lo which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting record5 and retums., or
certain disclosures of Trustees, remuneration specified by law are not made, or
we have not received all the information and explanations we require for our audit, or
the Trustees were not enlilled lo prepare the financial statements in accordance with the small companies
regime and lake advantage of the small companies, exernptions in preparing the Trustees, report and
from the requirement to prepare a Stralegic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the Trltstees Iwho are also the directors of the
charitable company foi the purposes of company lawl afe 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 slatements Ihal are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
lo continue as a going concern, disclosing, as applicable. matters related lo going concem and using the going
concern basis of accoLsnling unless the Trustees either intend lo liquid8le the charitable company or lo cease
operations, or have no realistic allernalive but lo do so.
Page 8

**The Supported Fostering Services Charitable Trust (A company limited by guarantee)** 

## **Independent auditors' report to the Members of The Supported Fostering Services Charitable Trust (continued)** 

## **Auditors' responsibilities for the audit of the financial statements** 

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

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

As part of an audit in accordance with ISAs (UK), exercise professional judgement and maintain professional scepticism through the audit. We also: 

1. Assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud may occur. 

2. Held discussions with the client regarding their policies and procedures on compliance with laws and regulations. 

3. Held discussions with the client regarding their policies and procedures on fraud risks, including knowledge of any actual suspected or alleged fraud. 

We consider the entity's controls effective in identifying fraud. We do not consider there to be significant difficulty in detecting irregularities. 

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

## **Use of our report** 

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Samuel Ketcher FCCA (senior statutory auditor)** 

for and on behalf of 

## **Xeinadin Audit Limited** 

Chartered Accountants Statutory Auditor 12 Conqueror Court Sittingbourne Kent ME10 5BH 

Date: 11 December 2025 

Page 9 



The Supported Fostering Services Charitable Trust
IA company limlted by guarantee)
Statement of financial activities lincorporatlng income and expenditure account
for the year ended 31 March 2025
Unrestricted
funds
2025
Total
funds
2025
Tolal
fui?ds
2024
Nole
Income from:
Charitable activities
Inveslments
Olher income
2,237,506
15.039
6,092
2,237.506
15,039
6,092
1, 934, 209
8, 199
5,921
Total income
2,258,637
2,258.637
1,948,329
Expenditure on..
Charitable activities
1,760,626
1,760,626
1. 628, 638
Total expenditure
1,760,626
1,760,626
1, 628, 638
Net movement In funds
498,011
498,011
319,691
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,211,892
498,011
1,211,892
498,011
892, 207
319.697
Total funds Carried forward
1,709,903
1,709,903
1,211,892
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 24 form part of these financial statements.
Page 10

The Supported Fostering Services Charitable Trust
(A company limiled by guarantee)
Registered number.. 03671965
Balance sheet
as at 31 March 2025
2025
2024
Note
Flxed assets
Tangible assets
Current assets
10
504,673
515,464
Debtors
Cash at bank and in hand
75.837
1,385,984
70,282
7,032, 236
1,461,821
7. 102,578
Creditors, amounts falling due within one
year
12
1256.591
(223 190)
Net current assets
1,205,230
879, 328
Total assets less current liabilities
1,709,903
1,394. 792
Provisions for liabilities
(182 900)
Total net assets
1,709,903
1,211,892
Charity funds
Restricted funds:
Unrestricted funds
1,709,903
1,211,892
Tot241 funds
1,709.903
7,271,892
The entity was entitled to exemption from audit under section 477 of Ihe Companies Act 2006.
The members have not required the entity lo oblain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audrt is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of Ihe Act wilh respect lo
accounting records and preparation of financial stalemenls.
The financial stalements have been prepared in accordance with the provisions applicable to enlities subject to
the small Companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Derek Clode
Trustee
Dale
q illl
The notes on pages 13 10 24 fomi part of Ihese financial Statements.
Page11

## **The Supported Fostering Services Charitable Trust** 

## **(A company limited by guarantee)** 

## **Statement of cash flows for the year ended 31 March 2025** 

|**Statement of cash flows**<br>**for the year ended 31 March 2025**|||
|---|---|---|
||**2025**|_2024_|
||£|£|
|**Cash flows from operating activities**|||
|Net cash used in operating activities|**355,093**|_407,557_|
|**Cash flows from investing activities**|||
|Purchase of tangible fixed assets|**(1,345) **||
|**Net cash (used in)/provided by investing activities**|**(1,345)**||
|**Change in cash and cash equivalents in the year**|**353,748**|**407,557**|
|Cash and cash equivalents at the beginning of the year|**1,032,236**|_624,679_|
|**Cash and cash equivalents at the end of the year**|**1,385,984**|_1,032,236_|
|The notes on pages 13 to 24 form part of these financial statements|||



Page 12 



The Supported Fostering Servlces Charitable Trust
{A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
General informatffion
The Supported Fostering Services Charitable Trust is a charity incorporated in England and Wales. The
trust's registered number and registered office can be found on the Adminislralive Details page.
The company is a company limited by guarantee. In the event of the company being wound up, the liability
in respect of the guarantee is limited lo £10 per member of the company.
Accountlng policies
2.1 8asls ot preparation of financial statements
The financial slalements have been prepared in accordance with the Charlties SORP {FRS 102>
Accounting and Reporting by Charities.. Slatement of Reccmmended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effective October 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
The Supported Fostering Services Charitable Trust meets the definition of a public benefit entity
under FRS 102, Assets and liabilities are initially recognised at historical cost or transaction value
unless otherwise slated in the relevant accounting policy,
The financial statements are prepared in GBP and rounded lo the nearest pound.
2.2 Income
All income is recognised once the charity has enlillement to the income. it is probable that the income
will be received and the amount of income receivable can be measLÈred reliably,
Income tax recoverable in relation to investment income is recognised at the time the investment
income is rece￿Vable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the 5erviGe,
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it Is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the tolal of direct costs and shared costs, including support costs
involved in undertaking each activity, Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribule lo more than one activity and support costs which are
not altribulable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Cenlral staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activitie5 15 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 VA T.
Page13

The Supported Fostering Services Charitable Trust
{A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
Accounting policie5 Icontinuedl
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity, this is normally upon notification of the interest paid or payable by thè institution
with whom the funds are deposited.
2.5 Taxation
The charity is exempt from corporation lax on its charitable activities.
2.6 Tanglble fixed assets and depre¢iatlon
Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economic
benefits are probable and the Cost or value of the asset can be measured reliably,
Tangible fixed assets are initially recognised al cost. After recognition, undèr the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All cost5 incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives. on a reducing balance basis,
Depreciation is providecl on the following basis..
Freehold property
Fixtures and fittings
Computer equipment
2011 slraighl line
25 % on reducing balance
33 % on reducing balance
2.7 Debtors
Trade and other debtors are recognise(S at the settlement amount after any trade discount offered.
Prepayments are valued al the amount piepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of Ihe deposit or similar account.
2.9 Liabblities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date 8s a resull of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amounl
of the settlement can be estimaled reliably.
Liabilities are recognised al the amount that the charity anticipates il will pay to sellle the debt or the
amoLsnl it has received as advanced payments for the goods or services il must provide.
Provisions are measured at the best estimate of the amounts required lo seltle the obligation. Where
the effect of the lime value of money Is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cost.
Page 14

The Supported F05tering Services Charitable Trust
IA company limited by guarantee
Notes to the financial statements
for the year ended 31 March 2025
Accounting policies (continued
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their settlement value with the exception of bank loans which are Subsequently
rneasured al amortised cosl using the effective interest method.
2.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes,
Restricted funds are funds which are lo 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
adminislerin9 such funds are charged against the specific fund. The aim and use of each reslri¢led
fund is set out in the notes to the financial statements.
Investment income, gains and losses ale allocated lo the appropriate fund.
Income trom charitable activities
Unrestricted
funds
2025
Total
funds
2025
Tolal
IuiFds
2024
Fostering income
2.237,506
2,237,506
7.934.209
Tolal 2024
1, 934, 209
1.934,209
Page 15

The Supported Fostering se￿ICe5 Charitable Trust
{A company limiled by guarantee)
Notes lo the financial statements
for the year ended 31 March 2025
Investment income
Unrestricted
funds
2025
Total
funds
2025
Total
fuiids
2024
Investment income
15,039
15,039
8,799
Total 2024
8, 199
8, 199
Other incoming resources
Unrestrlcted
funds
2025
Total
funds
2025
Tolal
funds
2024
other incoming resources
6,092
6,092
5,927
Tolal 2024
5,921
5.921
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricled
funds
2025
Total
2025
Total
2024
Fostering services
1,760,626
1.760,626
1, 628, 638
Total 2024
7,628,638
1.628,638
Page16

The Supported F05tering SeNices Charitable Trust
{A company limited by guaranteel
Notes to the financial stalements
for the year ended 31 March 2025
Auditors. remuneration
2025
2024
Fees payable lo the Charity's auditor for the audit of the Charity's annual
accounts
8,400
6,035
Fees payable to the charity's auditor in respect of.
All non-audit seNices not included above
3,272
7.890
staff costs
2025
2024
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
364,707
21,343
37.877
328, 448
37,976
29,000
423,927
389. 364
The average number of persons employed by the charity during the year was as follows..
2025
2024
Admin
Finance
Social workers
11
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was,
2025
2024
No.
In the band £60,001- £70,000
Key management personnel received remuneration lotalling £52,039 {2024 - £49,838) during the year.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year, no Trustees received any expenses {2024 - £Nil).
Page17

The Supported Fostering Services Charitable Trust
IA company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
10. Tanglble fixed assets
Freehold
land and Fixtures and
buildings
flttlngs
Computer
equipment
Total
Cost or valuation
At 1 April 2024
Additions
525,512
19,734
6,780
1,345
552,026
1,345
At 31 March 2025
525,512
19,734
8,125
553,371
Depreciation
At 1 April 2024
Charge for the year
19,744
9,477
10,749
2,222
6,069
437
36,562
12,136
At 31 March 2025
29,221
12,971
6,506
48,698
Net book value
At 31 March 2025
496,291
6,783
1,619
504,673
At 31 March 2024
505, 768
8, 985
711
515.464
Included in freehold land and buildings is freehold land al deemed cost of £51,677 (2Q24 - £51,677),
which is not depreciated.
11. Debtors
2026
2024
Due within one year
Trade debtors
Prepayments and accrued Income
58,037
17,800
51,707
18,575
75,837
70, 282
Page18

The Supported Fosterlng Services Charitable Trust
IA company limited by guarantee)
Notes to the financlal statements
for the year ended 31 March 2025
12. Creditors.. Amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
15,251
8,992
171,248
61,100
5, 198
6, 722
160,037
51,233
256,S91
223, 190
13.
Financial instruments
2025
2024
Financial assets
Financial assets measured al fair value through income and expenditure
1,385,984
7.032,236
2025
2024
Flnanclal Ilabilltles
Financial liabilities measured al amortised cost
256,591
{243, 354)
Financial assets measured at fair value through income and expendilure comprise cash at bank and in
hand.
Financial liabilities measured at amortised cost comprise trade and other creditors,
14.
Provisions
Young
Peoples
Grants
At 1 April 2024
Amounls reversed
182.900
1182,900)
At 31 March 2024
The Young Peoples Grant provision is in relation to leaving care costs, which is a grant given to young
people who leave lo find allernalive accommodation This has been reversed in the year and a conlingenl
liability has been recognised in its place al note 21.
Page 19

The Supported Fostering Services Charitable Trust
IA company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
15. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General funds
1,211,892
2,258,637 (1,760,626) 1,709.903
Statement of funds - prior year
B818nce al
31 March
2024
88laiice al
l Apnl 2023
Income Expg1)dilure
Unrestricted funds
General funds
892.201
1,948.329 (1,628.638)
1,271,892
Page 20

The Supported Fostering Services Charitable Trust
IA company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
16.
Summary of funds
Summary of funds - Current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
General funds
1,211,892
2,258,637 (1,760.6261 1,709,903
Summary of funds - prior year
Balanc8 81
31 Ma￿h
2024
Balaijce al
1 Apnl 2023
liicon7e Expeiidiliire
General funds
892.207
1.948.329 (1, 628,638)
7,217.892
Page 21

The Supported Fostering Services Charitable Trust
{A company limited by guarantee)
Notes to the financlal statements
for the year ended 31 March 2025
17. Analysts of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Curienl assets
Creditors due within one year
504,673
1,461,821
{25S,5911
504.673
1.461,821
1256,5911
Total
1,709,903
1,709,903
Analysls of net assets between funds . prior year
Unrestricled
fiii?ds
2024
Tot81
fiii?ds
2024
Tangible fixed assets
Current assets
Credilors due within one year
Provisions for liabilities and charges
575,464
1, 102.518
1223, 190)
(782, 900)
515,464
7, 102.518
(223. 190)
(182, 900J
Total
1,211,892
1,271,892
18.
Reconciliation of net movement in funds to net cash flow from operating activitles
2025
2024
Nel income for the year las per Statement of Financial Aclivitiesl
498,011
319.697
Adjustments for..
Depreciation charges
Decfeasellincreasel in debtors
Increase in creditors
Increasel{decreasel in provisions
12,136
{5,5551
33,401
1182,9001
12, 784
67, 287
7. 795
Net cash provided by operating activities
355,093
407,557
Page 22

The Supported Fostering Services Charitsble Trusl
(A company limited by guarantee
Notes to the financial statements
for the year ended 31 March 2025
19. Analysis of cash and cash equivalents
2025
2024
Cash in hand
1,385,984
1.032,236
Total cash and cash equlvalents
1,385,984
7,032.236
20. Analysis of changes In nel debt
At 1 April
2024 Cash flows
At 31 March
202S
Cash al bank and in hand
1,032,236
353,748
1,38S,984
1,032,236
353,748
1,385,984
21, Contingent liabilities
The charily operates a programme under which funds may become payable to beneficiaries in the future.
At the reporting date, the charity recognises that a potential obligation exists in relation lo these future
payouts. However, the amount of any future payment is dependent on a number of factors outside the
charity's control, including the future participation levels, eligibility crileria being mel, and the amounts
accrued by individual beneficiaries.
As a result, it has not been possible lo measure the potential liability with sufficient reliability. In
accordance with the Charities SORP IFRS 102), no provision has been made in the financial statement5.
22.
Pension commitments
The company operates a defined contribution pension Scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company lo the fund and amounts of £4,24112024 £5,453} were
payable lo the fund at the balance sheet date and are included in creditors.
Page 23

The Supported Fostering Services Charitable Trust
IA company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
23.
Operating lease ¢ommitment$
At 31 March 2025 the charity had commitments lo make future minimum lease payments under non-
cancellable operating leases as follows.
2025
2924
Not later than 1 year
Later than 1 year and not later than 5 years
636
2,121
2,757
Operaling lease rental expense in the year lotals £424 {2024. £NilJ.
24.
Related party transactions
During the year D Clode, a trustee was paid £Nil12024 £2,500) for social work services. No amcunls
were outstanding as al 31 March 2025 (2024 £Nill.
All transactions were paid at market rates.
Page 24