& ~
REGISTERED CHARITY NUMBER: 1104212
CHARITY COMMISSION
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REPORT OF THE TRUSTEES AND
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
FOR FORCES CHILDREN'S TRUST
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Fl CRT Limited Flat 24 Wellingtonia Court Laine Close Brighton East Sussex . BN1 6TD
- FORCES CHILDREN'S
TRUST
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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner'sReport | 4 | |||
| Statement ofFinancial Activities | 5 | |||
| - | Balance Sheet | 6 | ||
| NotestotheFinancialStatements | 7 | to | 13 |
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, FORCES CHILDREN'S TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 20625
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity is devoted to working together tc help children in need whose father or mother has died, or has sustained. life changing injuries, whilst a serving member of the Armed Forces and such other occupations as determined from time to time by the trustees.
The Forces Children’s Trust is a smail, agile charity providing support and positive experiences to children whe have suffered a great loss. By participating in events like theatre trips and holidays with other children in a similar situation they can create their own way of moving forward.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in the planning of future activities.
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Grantmaking
When an application for financial assistance is made by or on behalf of an individual who falls within the Trust's remit, the Trust will only consider such an application in the context of its general principal of not awarding direct assistance by way of cash grants. Grants will only be considered through the Denny Wise Bursary.
The Trust will first give consideration to the feasibility of providing such assistance ia kind by funding the use of a recognised 3rd party or organisation. Where such an application is made to meet a debt acquired by or on behalf of the applicant such debt will be paid by the ‘Trust to the creditor(s) once the Trust is assured of the validity and legality of such indebtedness.
The Trust also provides funding for research programmes and collaborates with other military charities/establishments who have objecis similar to their own.
Grants given during 2025... £17,733.00 to Northumbria University to fund research examining the relationships between adverse childhood experiences and benevolent childhood experiences in military connected children and young people.
ACHIEVEMENT AND PERFORMANCE
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Charitable activities
Our Outward-Bound Adventure in the Lake District is always very popular and was well attended in August 2025. We also sent 4 families on a holiday to Spain to our time share apartments. The annual Xmas Party took place in December 2025. As previously families arrived at the hotel vere at lunchtime, and a buffet was provided before they went skiing and snowboarding in the afternoon. As in previous years we received very positive feedback from all; many of them are becoming more confident on the slopes. Hopefully we may have some candidates for the Olympics in the future. We returned to the hotel and in the evening the families had a very enjoyable meal, entertainment and gifts from Santa. , FINANCIAL REVIEW :
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Financial position
The charity incurred a loss during the year of £16,247 before unrealised investment gains. This has been deducted from the unrealised gam on investments of £95,727 to give an overall surplus for the year of £79,480.
Afier adding this to the reserves brought forward of £1,347,567 the reserves to be carried forward are £1,427,047.
Reserves policy
The policy is to distribute the income generated by the investments whilst keeping the capital intact. Should the need arise however then the charity would use the capital. ;
The governing document states that in the event of dissolution of the charity the remaining reserves must be given. to another charity (or other charities) with objects that are no wider than the charity's own, for the general purposes of the recipient charity (or charities): or to any charity for use for particular purposes which fall within the charity's objects.
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‘ “FORCES CHILDREN'S TRUST
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
FUTURE PLANS
We have booked another week in August at the Outward Bound Trust Centre (Lake District)
FCT Xmas Party in December
Holiday in Spain for some families
Funding the research programme for Northumbria University continues
This year we will be launching the Denny Wise Bursary. The bursary will support young people both at school and in higher education,
Building on collaboration with RAF Brize Norton and other military establishments.
Looking into other outdoor activities that help build confidence in young people. Through James Hancock(Trustee} we hope to build a stronger relationship with the Aldershot Garrison. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity was established under a Trust Deed dated 11 May 2004 as amended by resolutions dated 11 July 2007 and 27 April 2020, Recruitment and appointment of new trustees Trustees are appointed by the existing Trustees and are selected by application or recommendation. All applicants. must provide a CV and attend an interview. When the Trustees agree that the candidate is suitable, they will be invited to join the board.
Organisational structure The Trustees meet and are in contact with each other on a regular basis to discuss the affairs of the Charity. . REFERENCE AND ADMINISTRATIVE DETAILS . i Registered Charity number 1104212 Principal address ‘ 65 Shawley Way Epsom KT18 5PD Trustees D Wise (resigned 10.10.25} Miss A L Hayes Mrs C J Parry Dr D Dymond (resigned 4.2.26) Jt Webb J Hancock (appointed 10.10.25) Independent Examiner Christopher Robert Tyler FCA DChA FCIE Fl CRT Limited Flat 24 Wellingtonia Court Laine Close Brighton — East Sussex BNI 6TD
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“ FORCES CHILDREN'S TRUST
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Chief Executive Officer
D Wise
Bankers
Santander UK PLC Bridle Road . Bootle Merseyside L30 4GB
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed 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 the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently,
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the gomg concern basis unless it is inappropriate to presume that the charity will continue itt business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 board of trustees on .... WSS"thease... and signed on its behalf by:
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thr Myck |
Miss A L Hayes - frustee
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” INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FORCES CHILDREN'S TRUST
Tndependent examiner's report to the trustees of Forces Children's Trust
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L report to the charity trustees on my examination of the accounts of Forces Children's Trust (the Trust) for the year ended 3] December 2025.
Responsibilities and basis of report
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As the charity trustees of the Trust you are responsibie for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
T report in respect ofmy examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145{¢5)(b) of the Act.
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Independent examiner's statement
J have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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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 repart in order to enable a proper understanding of the accounts to be reached.
Christopher Robert Tyler FCA DChA FCIE
F1 CRT Limited
Flat 24 Wellingtonia Court
Laine Close ne Brighton East Sussex BNI 6TD
Date: ABS Shee Rea
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FORCES CHILDREN'S TRUST
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
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|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|funds.|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|2|25,072|13,462|
|lnvestment income|3|50,358|49,092|
|Other income|4|7,630|5,165|
|Total|83,060|67,719|
|EXPENDITURE|ON|
|Raising|funds|5|436|505|
|Charitable|activities|6|
|Beneficiary|expenses|97,513|99,811|
|Support|costs|1,368|1,368|
|Total|99,307|101,684|
|Net gains on|investments|95,727|$1,943|
|NET INCOME|79,480|47,978|
|RECONCILIATION|OF FUNDS|:|
|Total|funds|brought forward|1,347,567|4,299,389|
|TOTAL FUNDS|CARRIED FORWARD|1,427,047|1,347,567|
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The notes form part of these Gnanciai statenients
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” FORCES CHILDREN'S TRUST
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BALANCE SHEET 31 DECEMBER 2025
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|2025|2024|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|13|365|A87|
|Investments|14|1,357,184|1,261,457|
|,|1,357,549|1,261,944|
|CURRENT|ASSETS|
|Stocks|15|5,799|5,910|
|Debtors|16|1,934|1,579|
|Cash|at bank|and|in|hand|.|64,043|79,607|
|71,776|87,096|
|CREDITORS|
|Amounts|falling|due|within|one year|17|(2,278)|(1,473)|
|NET CURRENT ASSETS|69,498|85,623|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|1,427,047|1,347,567|
|NET ASSETS|1,427,047|1,347,567|
|FUNDS|18|
|Unrestricted|funds|1,427,047|1,347,567|
|TOTAL FUNDS|1,427,047|1,347,567|
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- ’ The financial statements were approved by the Board of Trustees and authorised for issue on LAS SN oaths eoate....... and were signed on its behalf by:
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AL Hayes - T ic:
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The notes form part of these financial statements
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- ‘ FORCES CHILDREN'S TRUST NOTES FO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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L ACCOUNTING POLICIES
; Basis of preparing the financial statements
The financial statemenis of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Standard. applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), Financial Reporting Standard FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Treland’ and the Companies Act 2006. The financial staternents have been prepared under the historical cost convention.
_ The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The trustees/directors consider that there are no material uncertainties about the company's ability to continue as a going concern.
Tncome
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the finds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources,
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
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- “Stocks -. Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is considered to pass the tests set out in Paragraph | Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund accounting —
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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" FORCES CHILDREN'S TRUST
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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 20625
| 2. | DONATIONS AND | LEGACIES | ‘ | |||||||||
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| 2025 | 2024 | |||||||||||
| £ | £ | |||||||||||
| Donations | 25,072 | 13,462 | ||||||||||
| 3. | INVESTMENTINCOME | |||||||||||
| 2025 | 2024 | |||||||||||
| £ | £ | |||||||||||
| Unit trust imcome | = | 49.652 | 48,289 | |||||||||
| Deposit account interest | 706 | 803 | ||||||||||
| 50,358 | 49,092 | |||||||||||
| 4, | OTHERINCOME | |||||||||||
| 2025 | 2024 | |||||||||||
| ; | £ | £ | ||||||||||
| Online filing incentive | 7,630 | 5,163 | ||||||||||
| 5, | RAISING FUNDS | |||||||||||
| _ | ||||||||||||
| Raising donations and legacies | ||||||||||||
| 2025 | 2024 | |||||||||||
| £ | £ | |||||||||||
| Web donation charges | 216 | 216 | ||||||||||
| Advertising&prometion | : | 216 | 289 | |||||||||
| 426 | 505 | |||||||||||
| 6. | CHARITABLE ACTIVITIESCOSTS | |||||||||||
| Grant | ||||||||||||
| funding | of | |||||||||||
| Direct | activities | Support | ||||||||||
| Costs | (see | (seenote | costs(see | |||||||||
| note | 7) | 8) | note 9) | Totals | ||||||||
| £ | £ | £ | £ | |||||||||
| Beneficiary expenses | 79,780 | 17,733 | ~ | 97,513 | ||||||||
| Support costs | - | - | 1,368 | 1,368 | ||||||||
| 79,780 | 17,733 | 1,368 | 98,88. |
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" FORCES CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
- DIRECT COSTS OF CHARITABLE ACTIVITIES
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Events for beneficiaries | ; | 24,345 | 39,387 | ||||
| Staff costs | 51,885 | ||||||
| Office expenses | 1,337 | 1,686 | |||||
| Premises expenses | , | 718 | 940 | ||||
| Insurance | 1,163 | 1,149 | |||||
| Professional fees | 210 | 298 | |||||
| Depreciation. | 122 | 162 | |||||
| , | 79,780 | 99,811 | |||||
| 8. | GRANTSPAYABLE | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Beneficiary expenses | 17,733 | - | |||||
| The total grants paid to institutions duringthe year was | as follows: | ||||||
| 2025 | 2024 | ||||||
| an | £ | £ | |||||
| NorthumbiaUniversityResearch - PaulWatson | 17,733 | - | |||||
| oY | SUPPORTCOSTS | ||||||
| Governance | |||||||
| . | costs | ||||||
| £ | |||||||
| Support costs | 1,368 | ||||||
| Support costs, included in | the above, are as follows: | ||||||
| 2025 | 2024 | ||||||
| Suppert | Total | ||||||
| costs | activities | ||||||
| £ | £ | ||||||
| Independentexamination | 1,368 | 1,368 |
tO. TRUSTEES' REMUNERATION AND BENEFITS
The Chief Executive, D Wise, received a salary of £46,000 (2024:£46,000) and £nil (2024: £5,096) to his wite, Mrs T Wise, during the year as permitted by the Trust Deed. No remuneration was paid to any other Trustee.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. .
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* FORCES CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025
EH. STAFF COSTS
Staff costs during the year were as follows: .
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|2025|2024|
|£|£|
|Gross|Salaries|46,000|51,096|
|Social|Security|Costs:|5,885|5,093|
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No employee received remuneration in excess of £60,000 (2024:None).
These costs were in respect of 1 full time.
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|The|charity|considers|its|key|management|personnel|to|be|the|trustees.|Details|of the|benefits|paid|to|them|are|
|disclosed|in|note|9.|:|
|12.|COMPARATIVES FOR THE|STATEMENT|OF FINANCIAL|ACTIVITIES|
|Unrestricted|
|funds|
|£|
|INCOME|AND ENDOWMENTS FROM|
|Donations|and|legacies|13,462|
|Investment|income|49,092|
|Other|income|5,165|
|Total|67,719|
|EXPENDITURE|ON|
|Raising|funds|305|
|Charitable|activities|
|Beneficiary expenses|99,811|
|Support|costs|1,368|
|Total|101,684|
|Net gains on investments|81,943|
|NET INCOME|47,978|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|1,299,589|
|TOTAL FUNDS CARRIED|FORWARD|1,347,567|
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- FORCES CHILDREN'S TRUST
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NOTES TO THE FINANCTAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
- TANGTBLE FIXED ASSETS
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|---|---|---|---|---|---|---|---|
|Fixtures|
|and|
|fittings|
|COST|
|At|||January|2025|and.|31|December 2025|3,847|
|DEPRECIATION|
|At|i|January 2025|3,360|
|Charge|for year|122|
|At|31|December|2025|3,482|
|NET BOOK VALUE|
|At|31|December 2025|365|
|At|31|December 2024|AB?|
|14.|FIXED|ASSET INVESTMENTS|
|The|Charity has|the|following|investments|:|
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Unquoted :
The Charity owns the entire called up share capital of £1 in FCT Trading Limited, a company incorporated in England and Wales.
FCT Trading Limited was dormant throughout the year under review and has no assets.
Quoted
The Charity acquired 1,045,281.78 units in Schroders ‘The Charity Multi-Asset Fund A Distribution’ during 2015 and a further 150,027.62 units during 2018, and 244,337.508 units in BlackRock ‘Armed Forces Common Investment Fund Income' in 2017.
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|The niavement|during|the year was as|follows|:|.|
|2025|2024|
|£|£|
|Balance brought forward|1,261,457|1,179,514|
|Additions|-|-|
|Revaluation|_|95,727|$1,943|
|Balance|carried|forward|1,357,184|1.261.457|
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. FORCES CHILDREN'S TRUST
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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025
1% =STOCKS
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|'|£|£|
|Stocks|;|5,799|5,910|
|16.|DEBTORS:|AMOUNTS FALLING DUE|WITHIN|ONE|YEAR|
|2025|2024|
|£|£|
|Other|debtors|:|:|1,934|©|1,579|
|17.|CREDIFORS:|AMOUNTS FALLING DUE|WITHIN ONE YEAR|
|,|2025|2024|
|,|£|£|
|Taxation|and|social|security|804|,|-|
|Other|creditors|1,474|1,473|
|:|2,278|1,473|
|18.|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|.|At|1.1.25|in|funds|31.12.25|
|£|£|£|
|Unrestricted|funds|-|
|General|fund|1,213,504|79,480|1,292,984|
|Designated Fund|- Educational Fund|134,063|-|134,063|
|1,347,567|79,480|1,427,047|
|TOTAL|FUNDS|1,347,567|79,480|1,427,047|
|Net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|:|£|£|£|£|
|Unrestricted|funds|
|General fund|83,060|(99,307)|95,727|79,480|
|TOTAL FUNDS|83,060|(99,307)|95,727|79,480|
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ao ° FORCES CHILDREN'S TRUST
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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| . | Net | ||||||
|---|---|---|---|---|---|---|---|
| a | ; | movement | At | ||||
| , | At 1.1.24 | in funds | 31.12.24 | ||||
| , | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 1,165,212 | 48,292 | 1,213,504 | ||||
| Designated Fund - Educational Fund | 134,377 | 314) | 134,063 | ||||
| ) | 1,299,589 | 47,978 | 1,347,567 | ||||
| TOTALFUNDS | , | 1,299,589 | 47,978 | ||||
| Comparative netmovement infunds, | included inthe above | are as follows: | |||||
| , | Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | : | 67,719 | (161,370) | $1,943 | 48,292, | ||
| Designated Fund - Educational Fund | - | B14) | - | (G14) | |||
| 67,719 | (101,684) | $1,943 | 47,978 | ||||
| TOTAL FUNDS | 67,719 | (101,684) | 81,943 | 47,978 | |||
| _ | |||||||
19% RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 other than those noted elsewhere in the accounts.
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