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← Storybook Dads

2024-12-31-accounts

Charity number: 1101208

STORYBOOK DADS

UNAUDITED

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

STORYBOOK DADS

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 4
Trustees' responsibilities statement 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 28

STORYBOOK DADS

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

Trustees A Hearl, Chair
H Frank
T Bailey
K Martin (appointed 15 February 2024)
J Butler (appointed 15 February 2024)
S Henley (resigned 24 July 2024)
Charity registered
number
1101208
Principal office
18 Belle Vue Road
Saltash
Cornwall
PL12 6ES
Senior Management
Team
S Berry, Chief Executive
K Wroath, Projects Manager
T Berry, Accounts and Admin Manager
Independent Examiner
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ

Page 1

STORYBOOK DADS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2024 to 31 December 2024.

Objectives and activities

a. Policies and objectives

The objects of the charity are to improve education, wellbeing and family ties for prisoners and their children through the provision the opportunities for prisoners to record bedtime stories and other gifts for their children.

The Trustees are satisfied that the charity’s objects meet the meet the public benefit purpose of education. The Trustees confirm that they have taken into account the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

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

Achievements and performance

a. Review of activities

The number of prisons taking part, increased from 95 (in 2023) to 102.

We produced 4,014 CD/DVDs and 734 other projects including challenge charts, height charts, photo frames, Swaps packs, and Christmas baubles and cards. This gives a total of 4,747 gifts (2023: 4,769)

We also sent 619 project resources to 25 prisons visitor centres to be given out in family visits. We have no reliable statistics on how many resources were given out, so we are not including them in the above figures.

We were honoured to win the Children and Youth category at the prestigious 2024 Charity Awards in July. The judges’ decisions were based on:

Storybook Dads App

We continued to work with a developer to create a web-based App, which will enable families to stream audio and video stories to phones, tablets, laptops etc.

Stage 1 was implemented in 2024. This means the coordinators in each prison can digitally upload recordings for editing which is much more efficient and secure than sending SD cards in the post!

Stage 2 - implementing the system for families to stream the stories is ready to launch, but is still awaiting the HMPPS assurance and approval. Obtaining security clearance for any kind of technology in prison is incredibly complicated and time-consuming, but obviously ensuring it’s safe and secure for the families is everyone’s priority. We hope to receive the go-ahead in early 2025.

Page 2

STORYBOOK DADS

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

Achievements and performance (continued)

Relocating

2024 was a rather challenging year due to high levels of radon being measured in areas of HMP Dartmoor, which resulted in prisoners gradually being transferred to other establishments. By August 1[st] the entire prison population had gone, including the prisoner-editors who worked in our editing suite.

The HQ and editing suite closed in September and staff moved to a smaller, radon-safe, office just outside the prison gates. They remained here until the end of 2024 before moving to an office in the community.

As there were no prisoners at HMP Dartmoor needing the service, our staff presence and provision were increased at HMP Channings Wood in Devon. Story editing for Channings Wood and the 102 other member prisons was taken on by the staff and home editors (ex-prisoners employed by us after their release).

There is a building expansion programme in progress at HMP Channings Wood, so we may be able to open an editing suite there in the future, or we may return to Dartmoor if the ventilation work is done. Until then, we’ll continue to provide editing and production service from our office in the community.

Funding

£44,153 was received from public donations in total. As well as grants totalling £125,075, we received £12,892 in donations from other trusts, major donors and corporate donors. Along with prison membership fees we have sufficient funding for most of 2025.

Financial review

a. Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. We have commenced fundraising for 2025 and beyond.

Our bank balance at 31st December 2024 was £155,291 Expected income for 2025 is £94,776 Expenditure forecast 2025 is £274,094

b. Reserves policy

The trustees aim to maintain free reserves at a level which equates to approximately 6 months of unrestricted expenditure. At 31 December 2024 the charity had free reserves of £276,548 which is over a years worth of running costs. We will endeavour to achieve the recommended reserves by end of year 2025. Excess reserves will be invested in line with the Trustees Report.

c. Financial review

The Charity achieved a net deficit for the year ended 31 December 2024 of £19,533 (2023: surplus of £111,543).

The balance held on unrestricted funds at 31 December 2024 was £280,048 (2023: £257,620).

The balance held in restricted funds at the year-end was £43,960 (2023: £85,722).

Page 3

STORYBOOK DADS

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

Structure, governance and management

a. Constitution

Storybook Dads is a registered charity, number 1101208. The charity’s governing instrument is its Constitution adopted on 26 August 1993, as amended on 4 November 2003, 26 August 2008 and 19 January 2009.

b. Methods of appointment or election of Trustees

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

Approved by order of the members of the board of Trustees on 10/03/2025 and signed on their behalf by:

A Hearl

Trustee

Page 4

STORYBOOK DADS

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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 financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 10/03/2025 by:

and signed on its behalf

A Hearl Trustee

Page 5

STORYBOOK DADS

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of Storybook Dads ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come 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.

Page 6

STORYBOOK DADS

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 17/3/25 Laura Waycott FCA

Griffin Courtenay House Pynes Hill Exeter EX2 5AZ

Page 7

STORYBOOK DADS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income before net
gains on investments
Net gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
-
52,449
-
52,449
-
94,211
94,211
(41,762)
-
(41,762)
85,722
(41,762)
43,960		 Unrestricted
funds
2024
£
59,979
109,308
1,700
170,987
5,583
143,175
148,758
22,229
199
22,428
257,620
22,428
280,048		 Total
funds
2024
£
59,979
161,757
1,700
223,436
5,583
237,386
242,969
(19,533)
199
(19,334)
343,342
(19,334)
324,008		 Total
funds
2023
£
191,934
126,786
1,995
320,715
7,003
206,535
213,538
107,177
4,366
111,543
231,799
111,543
343,342

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 28 form part of these financial statements.

Page 8

STORYBOOK DADS

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2024 2023
Note £ £
Fixed assets
Intangible assets 12 29,651 39,534
Tangible assets 13 3,500 3,250
Investments 14 140,001 87,119
173,152 129,903
Current assets
Debtors 15 6,749 33,691
Cash at bank and in hand 155,291 190,355
162,040 224,046
Creditors: amounts falling due within one
year 16 (11,184) (10,607)
Net current assets 150,856 213,439
Total assets less current liabilities 324,008 343,342
Net assets 324,008 343,342
Total net assets 324,008 343,342
Charity funds
Restricted funds 17 43,960 85,722
Unrestricted funds
Designated funds 17 145,000 85,000
General funds 17 135,048 172,620
Total unrestricted funds 17 280,048 257,620
Total funds 324,008 343,342

The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 17/03/2025

A Hearl Trustee

The notes on pages 10 to 28 form part of these financial statements.

Page 9

STORYBOOK DADS

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

1. General information

Storybook Dads is an unincorporated charity registered in England and Wales, registration number 1101208. The registered office is 18 Belle Vue Road, Saltash, Cornwall, PL12 6ES.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Storybook Dads meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.3 Income

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

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

Page 10

STORYBOOK DADS

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

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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

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

2.5 Intangible assets and amortisation

Intangible assets costing £100 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.

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

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

Amortisation is provided on the following basis:

Computer software - 20 % straight line

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised 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 at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to 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 estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment - 25% straight line Computer equipment - 25% straight line

Page 11

STORYBOOK DADS

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

2. Accounting policies (continued)

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.8 Debtors

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

2.9 Cash at bank and in hand

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

2.10 Liabilities and provisions

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

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

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at 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.

2.11 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 at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

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

Page 12

STORYBOOK DADS

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

2. Accounting policies (continued)

2.13 Fund accounting

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

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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 funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

There are no critical accounting estimates or assumptions.

Page 13

STORYBOOK DADS

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

4. Income from donations and legacies

Donations from individuals
Donations from community groups
Gift aid reclaimed
Donations from individuals
Donations from community groups
Gift aid reclaimed		 Restricted
funds
2024
£
-
-
-
-
Restricted
funds
2023
£
98,845
-
-
98,845		 Unrestricted
funds
2024
£
44,153
12,892
2,934
59,979
Unrestricted
funds
2023
£
64,815
8,961
19,313
93,089		 Total
funds
2024
£
44,153
12,892
2,934
59,979
Total
funds
2023
£
163,660
8,961
19,313
191,934

5. Income from charitable activities

Grants
Membership fees
Other sales		 Restricted
funds
2024
£
52,449
-
-
52,449		 Unrestricted
funds
2024
£
83,000
26,307
1
109,308		 Total
funds
2024
£
135,449
26,307
1
161,757

Page 14

STORYBOOK DADS

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

5. Income from charitable activities (continued)

Grants
Membership fees
Other sales		 Restricted
funds
2023
£
22,000
-
-
22,000		 Unrestricted
funds
2023
£
77,167
27,600
19
104,786		 Total
funds
2023
£
99,167
27,600
19
126,786

6. Investment income

Unrestricted
funds
2024
£
Interest income
1,700
Unrestricted
funds
2023
£
Interest income
1,995		 Total
funds
2024
£
1,700
Total
funds
2023
£
1,995

Page 15

STORYBOOK DADS

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

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted
funds
2024
£
Fundraising expenses
618
Marketing and promotion costs
245
Fundraising staff costs
4,720
5,583
Unrestricted
funds
2023
£
Fundraising expenses
273
Marketing and promotion costs
1,287
Fundraising staff costs
5,443
7,003		 Total
funds
2024
£
618
245
4,720
5,583
Total
funds
2023
£
273
1,287
5,443
7,003

Page 16

STORYBOOK DADS

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

8. Analysis of expenditure by activities

Storybook production
Storybook production
Analysis of direct costs
Staff costs
Depreciation
Project delivery
Staff costs
Depreciation
Project delivery		 Activities
undertaken
directly
2024
£
222,713
Activities
undertaken
directly
2023
£
192,687		 Support
costs
2024
£
14,673
Support
costs
2023
£
13,848
2024
£
176,158
12,220
34,335
222,713
2023
£
151,318
12,400
28,969
192,687		 Total
funds
2024
£
237,386
Total
funds
2023
£
206,535
Total
funds
2024
£
176,158
12,220
34,335
222,713
Total
funds
2023
£
151,318
12,400
28,969
192,687

Page 17

STORYBOOK DADS

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

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Accountancy & bookkeeping
Bank charges
Payroll expenses
Postage and delivery
Insurance
Travel
Telephone and internet
Membership & subscriptions
Office expenses
Governance costs		 2024
£
535
104
650
1,424
972
5,162
771
602
2,095
2,358
14,673		 Total
funds
2024
£
535
104
650
1,424
972
5,162
771
602
2,095
2,358
14,673

Page 18

STORYBOOK DADS

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

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Accountancy & bookkeeping
Bank charges
Payroll expenses
Postage and delivery
Insurance
Travel
Telephone and internet
Membership & subscriptions
Office expenses
Other costs
Professional fees
Governance costs		 2023
£
483
110
604
787
774
1,135
929
501
2,159
941
3,240
2,185
13,848		 Total
funds
2023
£
483
110
604
787
774
1,135
929
501
2,159
941
3,240
2,185
13,848

Page 19

STORYBOOK DADS

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

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,287 ( 2023 - £2,185 ).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
170,266
5,664
4,948
180,878		 2023
£
148,342
4,249
4,170
156,761

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

2024 2023
No. No.
Average number of employees 12 11

No employee received remuneration amounting to more than £60,000 in either year.

The total employee benefits, including employers pension costs, of the key management personnel of the charity were £94,629 (2023: £90,243).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, expenses totalling £ 71, in relation to travel, were reimbursed or paid directly to 1 Trustee (2023 - £ Nil).

Page 20

STORYBOOK DADS

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

12.
Intangible assets
Cost
At 1 January 2024
At 31 December 2024
Amortisation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Computer
software
£
49,417
49,417
9,883
9,883
19,766
29,651
39,534

Page 21

STORYBOOK DADS

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

13. Tangible fixed assets

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
14.
Fixed asset investments
Cost or valuation
At 1 January 2024
Additions
Revaluations
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Office
equipment
£
8,271
859
9,130
6,006
1,549
7,555
1,575
2,265		 Computer
equipment
£
62,213
1,728
63,941
61,228
788
62,016
1,925
985		 Total
£
70,484
2,587
73,071
67,234
2,337
69,571
3,500
3,250
Listed
investments
£
87,119
52,683
199
140,001
140,001
87,119

Page 22

STORYBOOK DADS

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

15. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2024
£
250
6,499
6,749		 2023
£
500
33,191
33,691

16. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous periods		 2024
£
2,687
1,210
7,287
11,184
2024
£
5,000
5,000
(5,000)
5,000		 2023
£
2,718
704
7,185
10,607
2023
£
29,667
5,000
(29,667)
5,000

At the balance sheet date the Charity was holding funds received in advance of £5,000 from the Tuxien Foundation.

Page 23

STORYBOOK DADS

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

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Project
development
General funds
General funds
Total
Unrestricted
funds
Restricted
funds
The Brothers
Trust
Crucible
Foundation
Donation for
new software
The J J H
Rausing Trust
Wates Family
Enterprise
Trust
Total of funds		 Balance at 1
January
2024
£
85,000
172,620
257,620
-
43,845
41,877
-
-
85,722
343,342		 Income
£
-
170,987
170,987
10,000
-
-
30,000
12,449
52,449
223,436		 Expenditure
£
-
(148,758)
(148,758)
(10,000)
(43,845)
(10,366)
(30,000)
-
(94,211)
(242,969)		 Transfers
in/out
£
60,000
(60,000)
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
-
199
199
-
-
-
-
-
-
199		 Balance at
31
December
2024
£
145,000
135,048
280,048
-
-
31,511
-
12,449
43,960
324,008

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STORYBOOK DADS

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

17. Statement of funds (continued)

Designated Funds

Project development

Funds allocated for editing costs, including staff hours and the cost of the use of some staff hours to HMP Channings Wood which will also include costs for resources. £65,000 will be spent on staff costs in 2025.

Restricted Funds

The Brothers Trust

£10,000 was received in year and was all spent on home editor salaries and core funding.

Crucible Foundation

£43,845 was received in October 2023 to cover a shortfall in staff salaries in 2024. All funds were spent in year.

Donation for New Software

An indivdual donated £55,000 for developing new Web, IOS and Android based software in 2023. The balance at 31 December 2024 represents the NBV of the asset and £1,860 of unspent funding carried forward.

The J J H Rausing Trust

£30,000 was received in year to fund Story CDs and DVDs.

Wates Family Enterprise Trust

£12,449 was recevied in November 2024 to fund the costs of producing stories for prisoners and their families in 2025.

Page 25

STORYBOOK DADS

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

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Project
development
General funds
General funds
Total
Unrestricted
funds
Restricted
funds
The Brothers
Trust
Crucible
Foundation
Donation for
new software
Total of funds		 Balance at
1 January
2023
£
60,000
171,799
231,799
Balance at
1 January
2023
£
-
-
-
-
231,799		 Income
£
-
199,870
199,870
Income
£
22,000
43,845
55,000
120,845
320,715		 Expenditure
£
(60,000)
(118,415)
(178,415)
Expenditure
£
(22,000)
-
(13,123)
(35,123)
(213,538)		 Transfers
in/out
£
85,000
(85,000)
-
Transfers
in/out
£
-
-
-
-
-		 Gains/
(Losses)
£
-
4,366
4,366
Gains/
(Losses)
£
-
-
-
-
4,366		 Balance at
31
December
2023
£
85,000
172,620
257,620
Balance at
31
December
2023
£
-
43,845
41,877
85,722
343,342

Page 26

STORYBOOK DADS

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

18. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers Gains/ December
2024 Income Expenditure in/out (Losses) 2024
£ £ £ £ £ £
Designated
funds 85,000 - - 60,000 - 145,000
General funds 172,620 170,987 (148,758) (60,000) 199 135,048
Restricted
funds 85,722 52,449 (94,211) - - 43,960
343,342 223,436 (242,969) - 199 324,008
Summary of funds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2023 Income Expenditure in/out (Losses) 2023
£ £ £ £ £ £
Designated
funds 60,000 - (60,000) 85,000 - 85,000
General funds 171,799 199,870 (118,415) (85,000) 4,366 172,620
Restricted
funds - 120,845 (35,123) - - 85,722
231,799 320,715 (213,538) - 4,366 343,342

Page 27

STORYBOOK DADS

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

19. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
3,500
29,651
-
-
140,001
14,309
147,731
-
(11,184)
43,960
280,048		 Total
funds
2024
£
3,500
29,651
140,001
162,040
(11,184)
324,008

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
-
39,534
-
46,188
-
85,722		 Unrestricted
funds
2023
£
3,250
-
87,119
177,858
(10,607)
257,620		 Total
funds
2023
£
3,250
39,534
87,119
224,046
(10,607)
343,342

20. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independent administered fund. The pension cost charge represents contributions payable by the Charity to the fund and mounted to £4,948 (2023: £4,170). Contributions totalling £1,210 (2023: £704) were payable to the fund at the balance sheet date and are included in creditors.

21. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity as at 31 December 2024.

Page 28