REGISTERED COMPANY NUMBER.. 03487577 (England and Wale$} REGISTERED CHARITY NUMBER: 1105370 Report of the Trustees and UnaudSt¢d Financial Statements forthe Year Ended 31 D•c•mber 2023 Edwarrts Tntst Ltd Locke wd11￿$ A$s￿ateS LLP Chartered Accountants cjo Blackthorn House St Pauls Square Birmingham Wesl Midlands 83 1RL *AtKOL)KY• 2Y0912024 COMPANIES HOUSE Edward's Trust Ltd Contents of the Flnancial Statements for the Year Ended 31 D￿eMber 2023 Refgronce and Administratbve Dètails Report of the Trusteos 2 to 7 IndepeDdont examinorfs Rfjport Slatement of Finan¢ial Activiti•s Balanc• Sh¢•t 10 to 11 Cash Flow Stat•rn•nt 12 Not•s to th• Financi*l Statements 13 to 22 Edward's Trust Ltd Reference and Administrative Details for the Year Ended 31 D•c¢mb•r 2023 TRUSTEES P A Barrett Mrs C Bodk P Dent Ms A Gal*her C Hurley C E P Martin {resigned 12.5.23) COMPANY SECRETARY P A Barrett REGISTERED OFFICE 37 Calthorpe Ro•J Edgbaston Bimiingham 815 1TS REGISTERED COMPANY NUMBER 03487577 IErvJlarKI aTrJ Wales) REGISTERED CHARITY NUMBER 1105370 INDEPENDENT EXAMINER Locke Williams Assco*es LLP Chartered Accounlants clo Blackthom Hous St Pauls Sq 8imiingham West MKllands B3 1RL BANKERS Lws Bank Pk Caxkn) Gate &"miingham 82 4LP Page 1 Edward's Trust Ltd Report of ihe Tntstees for tho Year Ended 31 Oecember 2023 The tnjslees who are aL80 direetOTS of the dwrity for the purposes of the Companies Act 2006. present their report with the financial slalements of the chanty for the year ended 31 December 2023. The twstees have adopted the provisions of Aeeounling and Reporting by charIt￿s". Statement of Recommended Practice applicable to charit￿S preparing theiracu￿rtIS in accordance wilh the Financial Reportiro Stsndard applicable in the UK and Republ￿ of Ireland IFRS 102) leffedi¥e 1 January 2019). OBJECTIVES AND ACTIVfflES Objectives and activities The aims of Edward's Tnjst are.. To provide sL￿port lo parents bereaved, or *xMrt to be bereaved. of their son or daughter, whatever age of their chikj or cause of death. To provide support lo anyone affected by the death of a child aged eighlegn years or under. To provido support to chikJren and young people up lo age of 24 who are bereaved, or are about lo be bereaved, of a parent, swnrfunl carer, sbling or frier#*. To provitle a Well Being in Bereavemenf ser￿e In￿d￿ eomplemenlay therap*s and respite bereavement care for bereaved parents arKI carers. To promde training and consultation professionab wor*ing with bereaved famlies or families who are about to be bereaved. Main Trust Activities and Charity Commlssion Guldan Edward's Trust supports chiklren, young adults and adulis who are experierKing traumatic bereavement. By offering a holistic befeavemenl service we seek to rebuihj INes by addressing all aspects of grief - emot￿nal. physical. physiological. and psycholog￿31. Our Coun$ellors. WeE￿ing Therapi5t5 and Play Therapist are all qualified and 8AcP￿PT registered or registered by the apPrOp¥￿te pn)fessional body. We have tefgrred to the Charity Crynmission guidance on public benefft and Trust￿ Contin￿ lo revi&w h(hV development$ contribute to the avns and COjectV￿5 of the chariy. Volunteer Involvemènt In addition to our paid staff, Eolvard's Tntst also has 40 Volunteers V41￿ are members of our Friends of Edwards Trust {FOEf) support the work of the Chanty in a varth of ways. We grealty apprecFale the invaluable support of our Volunteers. Ambassadors and Patrons who organi5e and help with events, support our Fundraising Team. and actNdy engage in pr￿￿Ing Edward's Trust arKI the wovk we do. P4e2 &lward's Tntst Ltd Report of the Truslees for the Year End•d 31 Dec¢M￿r 2023 ACHIEVEMENT AND PERFORMANCE A¢hievements and Pgrfonnance in 2023 Move of premises In 2023 Ihe Trustees had several swjnfficantL￿ks to focus on and a¢h￿ve during the year. A move of p￿rnIses had been part of the Boar(I discussions during 2022r23 wiéh plans to rethale the earty part of 2024. During 2023 all aspects of mo￿n9 premises were addressed by the Board of Trustees including the funding and financing of Ihis. A suitable prcpety was found during 2023. and a refurbishment of the premises look place. The move t(￿k place in JanLWy 2024. The Trustees pr¢>Juced an upd*ed organisat￿nal Strateglc Plan for 20242027. Adult support We provided SUPFQrt lo 268 8dutts through our counselling arKI well-being se￿￿$ in 2023. The death of a child brings wrth il a grief that is Ifaumalic. c￿p1¢X and long lasting. The grief experienced by bereaved parents is profound and debilitating and it impacts on every aspect of their daily INes. All asp8ds of their emotional and physKal health are compr(%nised. and our holist￿ bereavement support is essential as il address￿ their profouThJ and unique grief. Resear¢h.has shu*n thal for bereaved parents it can lake up lo 8 years before they begin to cope wilh the de*h of ￿1r chibj. We also know that unresofved griel can have a negative impact on physical armd menta health. Our rde is to support parents in rebuikling t￿1r k'ves and having hope for the future. Chlldren and Young Peop We supported 630 chiklren and young people in 2023 through our ¢ounselling and play therapy work. Due to the traumatic nalure of the bereavements experien￿ by the ¢hikJren and young people we 5UPPOrt it is essential they receNe the best possible pr¢)fessional care. We have a welkdeveloped and evidenced approach lo asse$smenl and service proviS￿n to support chikjren and young pwbe as they kn lrfe wrthoul a parent. gnrfi¢anl carer, grandparent, sibling or friend. Research Shows that fftaved children and young pec¥>le have poor outcomes rf they are not supported appropriate￿. 8ereavemenl at an earty age can have a devasLiting imp&t on chIld￿n which can last intf) their adutthood. The Impacl can indude low selfosteem. sadness. anger, guih and mentsl heatth probbms. In order to prevent long temi problems early inleNention is wtal. We provide bespoke bereavement ¢are and monrtor progress and oulcrmes wrth the bereaved children and young people we support. Pwding the right support in a timety way for bereaved ehiklren and young pe¢¥*le means posrtive lrfe OLrtcomes can be ach*ved. Our SeThices Al the CO￿ of tyJr w(xk is our counselllng s•nrlc•. This servKe •n*ks the bereaved people we support to tslk openty about theirgrief. In 2023 we had an increase in ￿qUes￿enquires for support immediatety following a death. This has increased the number of bereaved pecple we offer an earty ad¥l¢el•nquiry seNlce to. Some of the concems presented are often around h¢Thf to tell a chik4 about the death of a loved one. We are 8150 able lo signpost lo other organisations rf the persons $rtu*￿n does noi I￿t our crr¢eria or rf there are other urgent issues not directty related to the bereavement. Through grant fvn(*ng we were able to provwje a specialist Play Therapy sepKe whith f(Kuses on the grief ol young children. Often young children are not able lo express Ihetr feelings through words alone. Play Therapy helps children understsnd and express Ihe vaiicmjs feelings and reacltons they have as a direct result of their bereavement. This speeialisl seThice srts alongsNJe the woth of our Chiklren's Counsellors who also 8UPP)rt chikjren by facilitatiTrJ the expressM)n of grief in creati¥e ways. any of the parents we see are grieving theMSe￿e$ as well as suppcrfting their chiklren. One of our projects is Parents Supportlng Grievlng Children IPSGCI. Parents often need reassurance th* their child is splaying the usual and common swns of griel. Parents wll often have a lot of prnctical concems and pressurès that come as a direct resum of their bereavÈt￿t. Our approach of offering individual support to the parent and the ehildren} at the same time ha5 proven to be very posrtNely reeeTved and responded to. 11 often gves children an increased sense of security kn(Y4¥iry ￿1r parent 1$ also bein9 SUPPQrted. Ptye3 Edward's Trust Ltd Report of the Trustees for th• Year Ended 31 De¢￿ber 2023 Our holistic approa¢h to b•reav•m•nt Care continues to include a Wellbelng Ser4lce led by a qualrfied and experienced Wellbèing Therapist. This seThice supports bereaved adutts tmth all aspects of Iheirgrief- physical 83 well as emolsonal. Grief can cause very s￿n￿r￿ant physi¢al problems and wellbeing therapies. such a5 8romalher8py massage. can help address these. The servtce also indudes leaching self-help strategies to a* relaxation and fedvce 51ress. In 2023 we Provided some addl1￿n$ to the existing service including Wellbei Days arKI Yoga groups During 2023 we ¢￿tinued to develop and extend our Group Tmork wh￿h wowdes aldits.onal support by bringing bereaved p80ple together. Each part of our service has been ablelo extend the groupwork offer. The Tnjslees discussions regarding a m¢)ve of premi5e$ included the devebpmenl of our Se￿￿e delwery strategy to extend our group work offer. Plans were put in place to increase ￿r group work to ensure we ￿￿Id offer a variety of therapeutic. social and wellbeing groups. These groups have been very well receNed by lh& bereaved children. young pecyle and we support. lthilst the experience and expression of grief is very individual bwng wrth people In a similar situab.on can be very hdpfvl. Added to our existin9 groups were a monlhty Yoga group and a therapeut￿ group for Young Men Be￿aVed thffjugh Tfauma. Our annual Remèmbrance Time offets bereaved pa￿Trts and their relatives a chanceto remembertheir loved one al Christmas- one ofthe most drfficutt tynes ofye8r fof them. This servv- %thi¢h has taken place annualfy lor 31years - is ahvays attended by over 300 people. Vle also have a digital space where families can create tribute pages and Sha￿ memories of their k)ved one. Fundralslng actlvities A key strength for Edward's TNSI is our di￿Se lunding base arml we ￿re also very fortunate lo benefrt fr¢Nn legacies in 2023. 11 has been a challenging year wrth regard to rntsing funds and our Fundraising Team have worked hard lo inCr&￿e our donor base. Sponsored Events aftd Chal*s have proved to be popular and have exlended our ￿8¢h and profile. The cost4)f-INing crisis has impacted on indNidual donations although we continue to have Str¢Y￿ supwt in a variety of ways from prNate indNiduals. We are Very gralelul to Charrtable Tfusts for the grants we have recek¥ed which diredly help to fvnd tyjr service delivery. In 2023 we were able to engage in a Strategic Revi8w of Fundraising and InccAne Gengr*in wfth the hglp ol an extemal consultation process. Thts wew has infomied our fvrKlwsing stralegy for the next 3years with the awn of strengthening our finanekxl POSbtKJn. Fundraising Standards Infomiation We have a dedicated bul small fvndraising le￿ whose is r8viewed regulath and refi￿ts the good Ydill we have developed. We have six main sources of donats"0￿'. Charitable Trusts and FoundatDns Corporatè sponso Regular give15 Volunleefs who fundraise on our beh&Y Private Indiv￿valS Leg&y donors Grant apPI￿allOnS from Charrtable Trusts are made thrO￿h￿rt the year. Many of the Charilable Trusts are gular supporters and we are very gratefijl for their continue(I help. V4e seek grant opportunities and appty rf we ¥e eligibfe. We have a number of cwate dtjnors. As well as financial support, they a&0 give 'in kind support and sponsorship. We have 87 rtgular donors who give via a Standing onler or dired debit. Large or small donations given regularty add a level of Slabdty lo our income base. We keep regular donors informed of our activiti95 at regular points throughout the year and through our Krte magazine. Page 4 Trust Ltd Report of the Truslees for the Year End•d 31 December 2023 ACHIEVEMENT AND PERFORPAANCE Ilve ¢urrenlly have 40 volunteers. many of whom have been SUPFX)rted by E￿ard'S Trust through their own beieavemenl. Many of these vohjnteers belong to our FOET {F￿ndS of E¢th•4ard's Trust) group arKI carry out various fundraising activities on our behaff. We are very grateful to them for the supwt they give. We have been fulty complianl wrih the Fundraising Regutatofs code of prath.ce throughout 2023. received no complaints regarding our fundraising adNitw this year. We ensure that these activrtbes are sensitive and reasonable and do nol contact our donors or potent￿1 donors lo ask for money directty. Instead, we promote new sponsorshw opportunities through general campaigns, not tar9eled al individuals. Throughout the year we have been rewwng ourfvndraising activities to ensure y￿ are GDPR compliant. Public Bfjnefft Stal•m•nt Our main xtivits'es and who we try to hdp are describ￿ Ihroughcmjt the Cha￿S report. All of these are undertaken lo further our ¢haritab18 purposes for the public benefft. The trust￿ are of the opinion thal throughout the year. Edward's Trust CoM￿led wrth the duty in Section 4 of the Charrties Act 2011 lo have due regard lo public benefft guidance PL*lished by the Charty Cn and training of twslees and ensures that this covers the obligations of Trustees and the Board. the main th¢uments whKh set ¢xrt the operational framewoth for the charity including the Vrtmorandum and Articles. resourcing and the current financial posrt￿n future plans and objectives including the Chanty's strategic plan document. Trustee training 1$ an ongoing pr￿e$S lo ensure the board are aware of ojrrenl *isfation and Trustee responsibilities. An annual training event is part of the pro￿5$. STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the directors of Edward's Trust Ltd lor the pU￿ose5 of company lawl are responsibk for p￿parIng Ihe Report of the Trustees and the financial statements in accordance with appli¢abb8 law and Unrted Kingdom Accounting Standards Iunited KingdLYn Generally Accepted Accounting Pfath'ce). Company requires the trustees to Prepare financial ststemenls for each financlal year wtiich give a true arKI fair view of the state of affairs of the ¢horrt*k wmpany and of the ineoming resources and applI￿110n of resources. induding the income expenditure, of the thanlable company for that period. In preparing those financial slatemenls, the Irustees are required to select suitable acc￿nI1￿ pol￿[e9 and then appty them consistertty: observe the methods and prinaples in the Charity SORP.. make judgements and estimates that are reasonable and pnAent prepare the financial statements i)n the going concem basis unless rt is inappropriate to presume that th8 charitabl8 coThpany conkn.nue in business. The Iruslees are responsible for keeping proper accounts.ng records wh￿h disdose with reasonable accurxy at any lime the financial positK)n of the chantable company and to enable them to ensure th* the financial statements compty wrth the Compan*s Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence fortaking reascnth steps for the preventts)n and detectNM of fraud and other iwuk7rits"es. P•Je 6 Edward's Trust Ltd Report of the Twstees forthe Year Ended 31 Deceffl￿r 2023 This report has been prepared in &ccKdancewith Ihe special provisions of Part 15 of the Companies Ad 2006 reLaling to smdl ccrfnpanies. Approved by order of the bo¥d of tntstees on 16th September 2024 and signed on its behaff by: C Bodkin- Trustee P4e7 Inde1￿￿￿1 Examinerfs Rem to th• TnMt•es of Edward's Trust Lld Independgnt examinerfs report to tho trustees of Edward's Ltd Ilh• Company? I report to the charty Iruslees on my eXaMinat￿n of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report As the charrty's trustee5 of the C¢Jnpany (al￿ aL%o its directors for the purposes of company lawl you are responsible for the preparation of the accounts in acccrtdarce wth the requirements of the Companie$ Ad 2006 Ilhe 2006 A¢l'l. Having satisfied myself that the accounts of the Ccthpany are not required to be a(vJrted under Part 16 of th8 2006 Act and are elvjible for independent examinatK)n. I rep)rt in respect of ry examin*ion of your charity's accounts as carried out under Section 14S of the Charitw Act 2011 Ilhe 2011 A¢Y). In carrying oul my examination I have foif¢Th¥ed the DirKttons by the Charty Ctynmissb)n under Sectton 145151 {b) of the 2011 Act. Independent examinerf5 Statement Since your eharty'$ gr055 incorne exceeded £250.0th) y¢yJr ex￿iner mLrsl be a membor of a listed Ixxly. I n confirm that l am qualffied to urKlertake the examination because l am a mmbor of the Institute of Chartered Accountants in England and Wths. which is cfft of the ￿sted bodies. I have ccmpleled my examination. I confirm that no matters have cowe lo my attention in connection wilh the examination gNing me cause lo believe.. accounting rectyds were rKI kept in respect of the Company as requyed by Seclion 386 of the 2006 Act.. or the a¢counts do not a¢¢ord with those records., or the accounts do not compty wth the accounting requirements of sect￿ 3% ofthe 20￿ Act otherlhan any requirement that the accounts gNe a twe and fay view whKh is not a matter considered as part of an independent examination," or the accounts have not been p￿pared in accordance wrth the methtrJs and principles of the Statemgnt of Recommended Practice for xcounting and reports.ng by charib.es (appltcable lo chanties preparing their accounts in aceofdance with the Financial Reporting Standard applKablo in the UK and Republ of Ireland (FRS 1021). I have no con¢ems and have C￿ across no other matters in connection with the examination lo which attent￿n shoukl be drawn in this report in tyder to enab18 a proper urthrstanth.ng of thg accounts to be reached. DavKI Williams FCA FCCA Locke Williams Assrxiates LLP Chartgred Accountants clo Blacklhom House Sl Pauls Squa Birmingham Wesl Midlands 83 1RL Dale.. 1P September 2024 Page 8 Edward's Tft￿t Lld Statemonl of Financlal Adlvllles Ilncorporadng an Income and Expendsture Account) for the Year End￿ 31 December 2023 31.12.23 Total funds 31.12.22 Total fvnds funds lunds INCOME AND ENDOWMENTS FROM Donations and legwes 34094 290.076 632.170 588.138 Charitable activities Holistic bereavement care 360 Other trading a¢livitie5 Investment income Other income 143 S,335 143 5.335 1,176 Total 348.412 290.076 591317 EXPENOITURE ON Raising funds 99,678 11)0,820 96,300 Charitable actlyities Holistic bereavement car8 314.310 255.978 605,881 Total 702,181 NET INCOMEI{EXPENDITURE) {65.$76) 32.956 132.6201 1110,864) RECONCILIA TION OF FUNDS Total funds brou9ht forward 503,819 103.975 607.794 718,658 n)TAL FUNDS CARRIED FORWARD 136.931 575.174 607,794 The form part ofthese financial statements Page 9 Edward's Trust Ltd Balance Sheet 31 Dx•mber 2023 31.12.23 Total tunds 31.12.22 Total funds Unrestricted Restricted funds fvnds FIXED ASSETS Tangible asset$ 15 578 578 CURRENT ASSETS Deblo Cash at bank and in hand 76 33.025 494.204 33.025 631 132 23.489 598.073 136.928 527.229 136,928 664,157 621.562 CREDITORS Amounts falling due within one year 17 {89.$611 189.561) 116.6261 NET CURRENT ASSETS 437.668 604,936 TOTAL ASSETS LESS CURRENT UABIUTIES 438246 136.928 575,174 607,794 NET ASSETS 575 174 607.794 FUNDS un￿$tr￿le￿ fur Restricted 19 438.246 136.928 503,819 103,975 TOTAL FUNDS 575.174 607,794 The charitable wnpany is entrtled to exaiwon frcm audit under Section 477 ofthe Companw Act 2006 for the year ènded 31 Decembef 2023. The members have not required the company to obtain an audit of its financial statements the year ended 31 Decembef 2023 in accordwce with Seclion 476 of the Companies Act 21Tr)6. The trustees ackrThiledge their ￿p¢)ns￿lI1t￿s lor lal ensuring that the chaiitabk company keeps accwnting l￿d$ that compty with SectK)ns 386 and 387 ofthg Companies Act 2006 and Ibl preparing financial statements whtth give a and fair ¥1￿ of state of affairs of the thariwle company as at the end of each ffinanc￿l year and of its Su￿lL1$ or defKit for each financial year in accordance with the requirements of SectKins 394 and 395 aThJ which otherwise Conyty wrth the reqUI￿rnents of the Companies Act 20C6 relating to financial statements. so far as applicable to the charilabbe company. The notes ftym part ofthese financial statements Page 10 Edwarrf$ Trust Ud Balance Sheet- ¢ontinu•d 31 December 2023 These financial statements have been prepared in xc(Kdance with the pr￿￿￿n5 applicab18 to charrtab companies sufy'ect to the sm*1 ci¥npanies regime. The financial ststements were appr¢)ved by the Board ofTwstee5 and aUthOm￿ for issue on 1￿ Septsmber 2024 and were signed on its behalf by". C Bodkin- Truslge The notes fom part ofthese finaniial st*ments Page11 EdWA￿'S Trust Ltd Cash Flow St*ement for the Year Endod 31 DKombgr 2023 31.12.23 31.12.22 NcAes Cash flo￿ from operatlng activities Cash generated from ¢Werat￿nS 23 27.724 135 S76 Net cash provided byl{us&J in) operalirwj xtivths 27.724 135,576 Cuh Ilovra from investing aclivities Purchase of tangible fixed assets Interest received (1,7341 1.176 5,335 Nel cash provtrjed byllused in} investing Change in cash and cash equivalents in the reporting period Cash and cash equivalents at tho boginning of the reporting peri¢xl 33.059 1136,1341 Cash and cash equivalents at the end of the reporting period 598,073 The Mtes forn pal ofthese finantsal statemnts 12 Edward's Trust Ltd Notes to the Financial Statements for the Y•ar Ended 31 December 2023 ACCOUNTING POLICIES Basis of prgparing the financi•l st*tements The finanoal statements of the chantable company, which is a Publ￿ benefit entity under FRS 102. have been prepared in accordance wrth the Charrt]es SORP (FRS 1021 'Accounting and Reporting by Charrties: Statement of Recommended Practice applicable to ¢harit*s preparing their accounts in ¥cordan¢8 Wlth the Finanual Reporting Standard applicable in the UK ar￿ Republic of Ireland IFRS 1021 {effeclive 1 January 2019)., Financial Reportin9 Standard 102 'The Financial Reporting Standard applicabb in the UK and Republ￿ of Ireland. and the C(¥npanies Act 2006. The financi815tatements have been prepared under the historical cost ￿nVent￿ft. Going con¢•m The Trustees assess whetherts use Ofg1￿￿9 Concern 1$ appropriate i.e. whetherthere are any material uncertainl*$ related to events or conditions Ihat may ￿t signrf￿nI doubl on the abilty of the Charty to continug as a going corKem. The Trustees make this a5se5smenl in respect of a period of one year from the date of authorisation for Bsue of the financial statements and have concluded that the Charity has adequate resources to cOntinL￿ in cyerational existen￿ for the foreseeable fU1u￿ and there are no material uncertainties about the Charty's abilty to continue as a g￿n9 coneem. thus they continue to adopt the going concem basis of accounlry in preparing the financial statements. Income Ail incorne i8 recognised in the Statement d Financial Athil*s once the charty is le9alty entitled to the income after any performarKe corKlitions have been met, the arrK)unt can be measured ￿lIab￿ and it is probable that the incoff* will be receNed. For donations lo be rewjnised the charity wll have been notthed of the a￿￿UnIS and the settlement date in writing. Iflhere are ¢ondrtions attached to tr* donation and this requires a level of perfomiance before enlillemenl can be obtsined then income is deferred until those condit￿nS are fully met or the fulfilment olthose conditions i8wrthin the control of the charty and rt ￿ prctsble thatthey will be fulfilw. For legacies. receipt musl be recognised when rt is probable that it wll be reeeNed. Receipt is normal probable when.. there has been a grant of probate,. the executors have established that there are sufficient assets in the estate. after Settling any liabilrties. to pay the legacy" and any conditions attached to the legacy are either wthin the control of the charity or h￿e been ￿. Income from Iroding aclmlies indud8s incomé eamed frorn fundraising events and trading &tivities to raise funds for the chanty. Income i5 received in exchange for supptying goc•J$ and servKes in order to raise fur#Js and is rects3nised when entitlernent has <>ccuffed. No amount is included in the financial statefnents for volunteer line with the SORP IFRS 102>. Further detail is gi¥en in the Trustees. Annual Rep Expenditure All expendrtwe 15 accounled for on an accfuals b￿S and has been ctassified urKler headings th* a99regale all costs related to the category. Expenditure is rewJni5ed where there rs a legal or conslruclive c￿l￿atron lo mae payrnents lo third part￿, it is probable Ihal Ihe settlement will b& required and the amount of tho oblyalion &in be measured relvabty. It is categorised under the following headings.. - Costs of rai￿ng funds - Expendrture on thaiitable xtivities Irrewverable VAT is charyed as an expense against the actr¥ty for expenditure arose. Allocation and apportlonmont of costs Resourcese4)ended are ￿loCated10 the partKularxtivity where the cost relates dirertfyltothatactivity. Pa9e13 Edward's Trust Ltd NotOS to the Financial Stslom¢nts- ￿fttinued lor the Year Ended 31 D•cember 2023 ACCOUNTING POUCIES- continued Tangible Ilxed assets Depreciation is pwded at the folowing annual rates in order to write off each asset 0￿r ts estimated uselul life. Office equipmenl 33% on cost Taxafjon The ¢hanty is exeThpt from corwatton tax on ts tharitable thiities. Fund a¢¢ounting Unrestricted funds can be used in &cordarte with the Charrtab￿ obJ"ectives al discretion of the trustees. Re$lricled funds can be used for partiCu￿r restricted purposes w((hin the objeets of the chafity. Reslriclions arise when Sp￿rf￿d by the donor or when funds are raised for partular restncled purposes. Further explanation of the nalure and purp)se of eath fund ts inclLwJed in the notes to the financial statements. Temiination ben•ffts Temination benefrts are monies paKI when empbyment is temiinated before the nomal retirement date, or whenever an empbyee accepts vduntary redundancy in exchange for these benefits. The company recognises tgrnination benefrts when rt ts demonslrabty e¢Jnmitted to either.. teminating the employment of current empksyees according lo a dets1￿ formal p￿n wrthout possibilty of withdrawal ', or provKling terminatw benefits as a result of an offer made to encourage voluntary reLlundancy. Debtor5 and creditOf5 recerrfablelpayable vlithin one year Debtors and ¢re¢litors with no slated interest rate and receNable ￿paYableW1thIn one year * re￿rded al transacts'on price. Any bsses arisin9 from impaimient are iecogni$ed in expendrture. Leasing commltments Rentals applicabk lo oporating leases where substantialty all of the benefrts and risk5 of ownersh remain with the lessor are Ch￿ed 4ain$l inc(Th on a str￿ttl line basi5 over the period ofthe lease. DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations Gift aid Legacies Giants 280.$90 16.346 7.160 328 074 255,035 10,406 48,698 273.999 632.170 588,138 Page 14 Edwarfs Trust Ltd Notes to th• Financial Statements- contlnued forthe Year Ended 31 December 2023 OTHER TRADING ACTivmES 31.1223 31.12.22 Sale of rne￿handtse 143 INVESThlENT INCOME 31.12.23 31.12.22 Interest receivable 1.176 INCOME FROM CHARITABLE ACTMTIES 31.1223 31.12.22 Activrty Holistic berea¥ement ca Training income 360 OTHER INCOME 31.12.23 31.12.22 Insurance daim In￿Me 794 IIAISING FUNDS Ralslng donatlons and légacies 31.1123 31.12.22 Slaff costs Telephone & st*v)nery Fundraising costs Travelling & sundry 79.043 831 18.826 88,624 866 3,313 3,497 ,300 CHARrrABLE ACTMTIES COSTS rect Costs (see note 9) Support costs (see note 101 Totals Holistic bereavoment care 479 Page 15 Edward's Trust Ltd Nol8S to the Financlal Slalem•Thts- continu•d for the Year Ended 31 December 2023 DIRECT COSTS OF CHARITABLE ACTivmES 31.1223 31.12.22 Staff costs PR & markets.ng Chilj & family welfare Telephone Other direct Property expense5 Professional fees Depreciation 276,298 2,102 7,620 7.478 35,735 135.3SO 12,$45 301.321 4.968 8.230 7.79S 55.274 52,556 10,758 2.712 479,408 443.614 10. SUPPORT COSTS Goveman¢e costs FinarKe Totsls Holistic bereavement care Support costs. In¢￿ded in the arn. are as fok**s.' 31.12.23 Holist bereavement care 31.12.22 Total actMtie8 Bank charges Staff Costs Audrtors. remuneration Accounlancy Legal & professi)nal feos Travelling & surKIry 3,815 47,426 1562 88.783 6.700 13,909 25,223 65.780 11. NET INCOMEIIEXPENC#TUREI Net incomelleypendrturel is ststed after Chargin￿(¢redItty)". 31.1223 31.12.22 Auditors, remungralx>n Depreciation . owned assets 5,700 Page 16 Edward's Trust Ltd Notss to the FI￿ncIal statem￿ts- continu for the Year Ended 31 December 2023 12. TRUSTEES. REMUNERATION AND BENEFITS There were no twstets. remuneratN)n or ¢Aher beneffts for Ihe year ended 31 Oecember 2023 nor for the year ended 31 Dec￿er 2022. There were Trustee expense5 rewnburned in the yearto one Trusteg of £1.217 {2022: £1,441). 13. STAFF COSTS 31.12.23 31.12.22 Wages and salaries 402.767 478,728 478,728 Included in wages and salaries above f￿ 2022 we temNn*ionl r&Jundancy payment tolalling £38,0￿. None were in 2023. The average monthty nurthr of eThyhJyees duriry Ihe year was as follows.. 31.1123 31.12.22 Management ofTru3t Fundraising & publicty Coun5elling Adminffjtration 17 17 No employees recewed ￿¢lUMents in exeess of £60.000. The total amount of empbyee benefit$ recwed by key management personnel is £58,942 12022 . £118,SSS) The key managen*nt personnd of the Charty comprise the Tfustees, Chief Executive Officer. Clini￿1 Lead and Bereavement Ser4Kes Manager. See note 12 fortrustees, ￿MUneration and benefrts. 14. COMPARATIVES FOR ThE STATEIAENT OF FINAN￿AL ACTivmES Unrestrieted Restrithd fur*ds funds Total funds INCOME AND ENDOWMENTS FROM Donations and ￿aGleS 352,139 235.999 588,138 Charitable activities Holistic bereavement care Other trading activities Investment income Other income 1,176 794 1,176 Tot•1 355,318 235 999 591317 EXPENDITURE ON Raising funds Charitable activhles Holists"c bereavement care 27T.547 328.334 605.881 Page 17 Edwarfs TNst Ltd Notes to the Finanelal Statements - contlnued for the Year Ended 31 Oecember 2023 1& COMPARATIVES FOR THE STAT&¥ENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fvnds fvnts Total fund$ Total 373.847 328,334 702,181 NET INCOMEIIEXPENDITURE) {18.529) (92.335) (110.864) RECONCIUATION OF FUNDS Total funds brought forW￿d 1%.310 718.658 TOTAL FUNDS CARRIED FORWARO 503,819 103,975 15. TANGIBLE FIXEO ASS￿$ Office equipment COST At 1 January 2023 aThJ 31 December 2023 DEPRECIATION At 1 January 2023 Charge fty year 9.479 2.280 At 31 December 2023 11.759 NET BOOK VALUE Al 31 December 2023 578 Al 31 December 2022 2.858 16. DEBTORS: AMOUNTS FALUNG DUE WTHIN ONE YEAR 31.1223 31.12.22 Trade deblo Other debtor5 Prepayments and accru&J income 4,411 12,51)0 2.410 21,079 33.025 23,489 Page 18 Edwarf's Trust Ltd Notes to the Financial Stst•m•nts- continued for the Year Ended 31 Dec¢mbor 2023 17. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade credrtors Accfuals and deferred inc 61.201 28.360 3,814 12.812 89.561 LEASING AGREEMENTS Minimum lease payments urKler nOn-¢an¢d1ab￿ opernting leases fall due a5 follows.. 31.1123 31.12.22 Wrthin one year Between one and fNe years In mole than five years 12,500 220,816 329,489 4,009 9,900 56 19. MOVEMENT IN FUNDS Net At 31.12.23 At 1.1.23 in funds Unr•slricted funds General fund Designated funds 357.819 146.000 (65.5731 291246 146.000 503.819 (65,5731 438,246 Restricted funds BBC ch￿dren In Need 8inningham CCG 81ack Country ICB Eveson Trust Fairer Futures George Fentham Henry Smrth Henry Smrth - Comd Ja￿￿$ Tudor FcMJndatK(b Limoges Trust Masonic CT Openwork FoUfMlat￿n Rexhing Communities- Original Rexhirvj Comrnunrt￿ - ContinuatK 20,786 2.113 120,786) 12.113 2.634 19.538P 2.740 11.447 8.503 116.584 5.000 7.000 6.532 12.742 118.045 2,634 9,$38 2.740 1,447 24208 17.239 32.711 655 s.ooo 7.000 17,131 12.742 10.599 18.045 10397S 32.9S3 136.928 TOTAL FUNDS 607.794 32.6201 S75 174 Page 19 Edwarfs Trust Ltd Notes to the Financial Statements- ¢ontinu•d for the Year Endgd 31 C)Kember 2023 19. hlOVEMENT IN FUNDS- continu•d Net m0ven￿nI ¥1 fvnds. w￿lUded in the above are as fol￿.. Incomir¥J Resources Movement in funds Unrestricted funds General fur 348.412 (413,985) 165,573) Restricted funds BBC Children In Need Bimiingham CCG Black Country ICB Evfrson Trust Fairer Futures George Fentham Henry Smith Henry Smith - Covid James TLKlor Foundation Llnoges Trust Masonic CT 0penw￿k Foundation Reaching Communities- Original Reaching Communfties- ContinUa￿n (20,786) 2,1141 (26,252 {9,538 {6,204) {1,44n 162.14n 133.435) 120,786) 12,113) 2.634 19.538) 2.740 11.447 8.503 {16.584 5.OOD 7.000 6.532 12,742 {18.045 28.886 70,650 16.851 5.000 26.672 12.742 (20.140) 118.045) 57.015) 113.330 290.076 257.123 TOTAL FUNDS 671.108) 32.620 Comparatfv•s for movwiont in funds Net Al 31.12.22 At 1.1.22 in furKIs Unrestri¢ted lunds General fvnd Des￿Jnated funds 376.348 146.000 (18.529) 357.819 $22.348 (18.529} 503,819 Restrlcted fvnds BBC Children In Need Big L¢)ttery Fund Bimiingham CCG Eveson Trust George Fontham Henry Smith Henry Smith - Covid Masonic CT scotkn.sh P Zurith Fund 12.623 .070 15.950 8.163 (78,025) (13,83n 9,S38 1,447 8,985 17,239 3,409 125,462) 23,792 20.786 18,045 2.113 9.538 1.447 24,208 17.239 10,599 15,223 7.190 2S.462 23.792 92.335 103 975 TOTAL FUNDS 718.658 110,864 Page 20 Edward's Trust Ltd Notes to the Financial Statements- continu•d for the Year Ended 31 December 2023 19. MOVEMENT IN FUNDS- Contlnued C¢Jmparalivft net movemenl in fvnds. t￿luded in the above as follws.. Incoming resources Resowces Movement expended in funds Vnr¢stricted funds General fund 355,318 {373.847) (18,S29} Restrlcted funds 88C Children In Need Big Lottery Fund 8inningham CCG Eveson Trust George Fenlham Henry Smrth Henry Smrth - Covid Masonic CT Scottish Ps)wer Zurich Fund 49.895 27.969 27.786 9.538 3.045 59.000 32.800 25,966 <41,732) {105.9941 141.623) 8,163 (78,025) (13,837) 9.538 1.447 8.98S 17,239 3.409 12S,4621 23 7921 11,5981 {50,0151 (15.5611 (22.5571 {25,4621 23.7921 TOTAL FUNDS 591,317 The unfeslricled funds are avail*j￿ to be spent for any purpc6es of the chty. The trustees have deS￿llated reser4es of £146,(X)O for the fc4lwiNJ anticipated puws.. . ServTce devdwnent IT infra$tfUCtuie - Prcpety relccation and dilap*Ja - Hub development £50.000 £15,000 £56.000 £25,000 All restricted l￿d$ are expended on cL￿nse￿)r sal*ies arKI Ch￿ and famity welfare ￿$ts. 20. EMPLOYEE BENEFrr 08UGATIONS The penS￿n costs charged to the SLitement of Financial ActNrtw represent the amount of the conlribulion5 payable to the in respect of the accounting period. 21. RELATED PARTI DISCLOSURES There were no related party I￿Sa¢1￿)nS forthe year ended 31 December 2023. PwJe21 Edwa￿.$ Trust Ltd Notes to the Flnancial Statements- Continued for the Year Ended 31 Dec¢mb•r 2023 21 ULTIMATE CONTROLUNG PARTY The charitsble Company is under the Control of its trustees. RECONCILIATION OF NET EXPENDITURE TO NEf CASH FLOW FROM OPERATING ACTIVITIES 31.1123 31.12.22 Net expendlture for lh• rgporting wlod la$ per the Statement of Financlal Activit1￿) Adjustments for. Depreciation charges Intere51 received Increase in debt(xs Increaselldecrease) in creditors 132.620} {110.864} 1280 15.3351 19.5361 2,712 (1.1761 5,9141 20,334 Net Cash pro¥id•d byllused Inl op•r•tions 27,724 135.5761 ANALYSIS OF CHANGES IN NET FUNDS Al 1.1.23 Cash llthv At 31.12.23 cash Cash al bank and in harKI 598.073 631.132 598 073 33,059 631132 Total 598 073 631132 COMPANY UMITED BY GUARANTEE The Trust is a company limited by guarantee and has no share Capitsl. In the event of the charity being wound up. the liabilty in respttt ol the guarantee ts Imnited to £1 w member of the charty. Page 22