CHILDREN FIRST DERBY FINANCIAL STATEMENTS 31 MARCH 2024 Charlty Number 1111157 Compally Number 05379021 DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Derby DE73 5NX CHILDREN FIRST DERBY FINANCIAL STATEMENTS 31 MARCH 2024 Contents Pages Reference and Administrative Details Trustees, Annual Report (including Directors, Report) 2toll Independenl Examiner's Report 12 Statement of Financial Activities 13 Balance Sheet 14to 15 Statement of Cash Flows 16 Notes to Financial Statements 17to26 CHILDREN FIRST DERBY REFERENCE AIYD ADMINISTIL4TIVE DETAILS The Board of Trnstees l Directors A J Jacques A Fatemah.Razak Treasurer R Brown Rknft A J Strong J A Fellowes R D Repton (appointed 15 July 2023) (appointed 7 August 2023) Company Seeretary A Fatemah- Razak Chief Exe¢utlve l Baqui Charlty Number 1111157 Company Number 05379021 Reglstered Office 13 Leopokl Street Derby Derbyshire DEI 2HE IDdependent Examlner David Smith FCCA DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Derby DE73 5NX CHILDREN FIRST DERBY TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) YEAR ENDED 31 MARCH 2024 The t￿￿tee8 (who are also directors for the purpose of company law) present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's governing do¢um¢nL the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2016)" Objectlves and %ctlvltle8 To relieve the distress and suffering experienced by familie8 and children in particular who have suff¢r¢d fro￿ or are likely to suffer from, violenc¢ or n]altreatment in their homes. In particular by: Responding to the needs of children where stre58 within the home may adversely affect their welfare or development Providing support for children who are regarded as vulnerable and who nlay be at risk of Social exclusion DelIV￿Ing community service8 designed to fostff the general wellbeing of families with children Providing services for parents which will enable than to bettw regpond to the persona] ne￿ and financia] 8UPPOrt of their children Charlty alms The Cl)arity aims to meet its objects through a mixture of contracts and service level arnenls with th¢ statutory authorities, ￿ants and through its own ￿nd raising. Charitable income is used io add value to the above Servic￿ both in ternjs of th¢ quality of the rooms. playthings and equipment available at Leopold Street, and outings and othex events held for the benefit of families and young people receiving support. Publlc Benefit Children First Derby is a higbly respected local charity which concenlrates on providing r¢l¢vant, practi¢al support f(r famili¢s in Derby with an emphasis on the f&ct that children must come first. It is an accepted trnism that by investing in children we invest in the futur¢ and that cv¢ry child matters. It is our duty to ensure that children are protected from serious harn], that their intellectual and practical abilities are developed so they achieve emotio￿1 well-being. The goal is that children nurtured in px)sitive environment ultimately become adults that contribute positively to the community and to the socidy which they inhcrit. CHILDREN FIRST DERBY TRUSTEES, ANNUAL REPORT IINCLUDll¥G DIRECTORS, REPORT) YEAR ENDED 31 MARCH 2024 ACHIEVEMENfs AND PERFORMANCE We startd th¢ ycar witb a de￿ of optimism as f￿￿nCiallY al] our s¢rvi¢¢s had managed to secure fimding to cnsur¢ that the core activitie8 can continue to be delivered for at least the next two years. In April w¢ started the deliV￿Y of the 2-year Supervised Family Time contract with Derby City Council and had been awarded an enhanced 5-ye2r grant from the National Lotttty Community Fund to fund the Fanyly Support Service in addition to a similar grant from the Lottery that was to fund the Mentcffing Swvice in 2021. With this, th¢ wvices were looking to develop and build on the work and the successes of the services over the past few years, by adding D¢W s¢rvi¢e provision and projects that would address the needs of our seryice users. This position was particularly inu)ortant ag&ll￿t the backthop of ￿0Wing needs and the wmpl¢xity of cases that were being r¢fexr¢d to our sexvi¢es. Aparti¢ular issue that has mad¢ matters worse is the raising of s(Kial care thresholds, which meant that vulnerable children. young people and families with medium or hiBh¢r needs were being told by social care that they do not meet the tlreshold to access their support. Which a8 a Cons¢qua￿e has increased pre$surc and denmnd on our services. This has driven u8 to adapt and change how we deliver our service8. whilst the one-tO-on¢ support (R sffvices offer remains th¢ core of our activity, engaging 8UViCC U8er8 in gr(yup activities, which we started last year, has prov¢n to be very beneficial. It not only h¢Jps us ad ANNUAL REPORT (INCLUDll¥G DIRECTORS, REPORD YEAR ENDED 31 MARCH 2024 I￿okillg Forward- The year ￿eSd Ovcr the next year we hiw¢ to COTh801idate the new areas that hav¢ b¢ffl devel￿ed OV￿ last year such as th¢ ￿0Up activiti48 in b(rth Fami]y Support and Mcntoring. With these activities we have created a variety of choice for our servi¢e users and feel that rather than adding more activiti¢8 we would want to ensure that we maintain the quality of what wc deliver but at th¢ same time manage the current capacity of (xw r¢8ource8. At the end of the coming year, the Family Tim¢ t¢nd¢r will be up fcr miewal. w¢ have to ensure that we are in the best p)ssible position to retain the contract whilst making sure it r¢mains fu￿￿la1]Y viable for us to continue delivtting it going forwa The Wfxk that we have been involved in Derby Wellbeing as a key delivoy partrRr has helped us in strengthening our mattal health and wellb¢ing provision OV￿ the last few years. We await the outcome of the tender in December to which will ¢nabJe us to continue building on our mental health and wellbeing work in the City Flnanclal revlew and re8erve8 polley The year undcr review has been marked by both fmancial opportunities and challenge3. While we faced risin8 operational costs, including wage ￿oWth and increased expenses for delivering s¢rvice8, Children First D¢rby managed to navigate these pre88ure8 through strategic financial management, diligent fundraising efforts, and th¢ ¢ontinued con)mitment of our stsff. De8Pite the broadtt economic environment and incr¢asing demand for our 8wvi¢e8, we have been abl¢ to sustain and expand pro8ranJs. Several key factors contributed to our financial stability and success in 2024: l. Malntalnlng Key Contracts: DpJby City Council continues to be a significant funder of our supervised contact servic4 contributing £132,000 during the year. While slightly reduced from the £135.000 provid in 2023, this ongoing support has been crucial to maintaining our seThice8. 2. Expanded Grants for Fa￿￿ty and Mentorlng Servlte$: Our Family Support S￿vic¢s experienced fi￿h¢[ gro￿ supported by substantial grants from th¢ National Lottery and South Derbyshire District Council. The National Lottery's contribution towards the Family Support Progrankn)e increased signifiLxntly to £66.194. allowing us to reach more families in n¢ed. The Mentoring Service also continued with th¢ help of funding from k¢y support￿, i￿]uding Garfield Westofy Derby Youth Alliance, and n¢w grants from Community Action and the Op¢nwork Foundation. CHILDREN FIRST DERBY TRUSTEES, ANNUAL REPORT (llYCLUDING DJIIECTORS? REPORT) YEAR EIYDED 31 MARCH 2024 Ffinanetal review and reserves polky (conthiued) 3. Strong Fundral8lng Efforts: Dwitc ex(Inomic pr¢8sures. our fimdraising team deliv¢r¢d anothff succ&8sful yw. Totsl don&tions amounted to £74,959, a 330/0 increase from 2023, with innovative ￿ents and can4Jai8ns contributing significantly. These funds pfovlded essential 8UPPOrt for our core activities and helped mitigate the rise in overhead costs. 4. Controlled Expendlture: Our totsl expendilure for ihe year was £508,185, up from £441,877 in 2023. largdy due to higher stsffing costs and increased direct spending on prow activit1￿. Particularly for outings, toys, and equipment for children. W¢ invested £73,877 in these areas. a marked increase from the previous year. Nevthhel¢ss, careful DMna8em¢nt of operational ¢osts has allowed u8 to keq) our finances on a stsble footing. 5. Enyloyment and Wage Growth: Staffmg remains our largest expenditur4 with £352,11 l allo￿ted towards wages and benefit8, refiectin8 a 6.40/0 increase from the previous year. Whil¢ the cost-of-living crisis ha8 influenced salary pre88urcs, we have tsken stq)8 to en8ur¢ staff retention and welfare whil¢ managing our budget effectively. 6. Sustalned Investnknt Income., Our investment incom¢ grew to £2,524, a signifjcant Incr￿5¢ from £838 in 2023, r¢fiecting a mor¢ favourable fllmncial ¢nvAronment and effxtive cash managen]ent strategies. 7. New FuD(llng SIr¢v4n￿. We have be¢n proactive in securin8 new sources of income, including grants from NHS Neurodiversity. Walbrook Fund, Warni SpaKs, and others. Thes¢ funds have enabled us to ¢xpand our se￿ie￿, particularly in underfi￿ded areas such as neurodiversity and autism support. Lwklng Ahead Whil¢ we aclmowledgc the fllwKial Challenges posed by ri8ing costs. w¢ are optimistic ab(￿t our future financial resilience. W¢ maintain a Ilealthy level of unr&8trithd funds, which stands at £236,481 as of 31 Ma￿h 2024, up from £225,559 in 2023. Additionally, th¢ balance of restrictea fund4 totaling £55,415, will continue to support specific projects in the coming year. CHILDREN FIRST DERBY TRUSTEES, ANNUAL REPORT (llYCLbry)ING DIRECTORS, REPORD YEAR EIYDED 31 MARCH 2024 Financial revlew and reserves pollcy (conthiued) Looklng Ahead (eonilnued) The cost-of-living crisis and infiationary pre￿ureS are likely to persist into 2025. impacting salaric and ov¢rheads. However, with secured funding for our services for at least the next two years. we are Well-p￿lt10ned to meet th&qe challenges. Our long-tm Contracts with D￿bY City Council and the National Lott¢ry will ensure continuity and stability. We will continue to seek out additional funding sources, particu18rly for the development of new programs within our Family Support and MentorAng Services, while exploring new opportunities to furthu enhance our ¢xisting services. Concluslon Children First Derby remains fuw￿la1IY Stable despite external Pr￿ur¢s, thanks to stron8 Community support. effective fundraisin& and $trat¢gi¢ wt management. We ar¢ confident in our ability to maintain and expand our Services in the years to ¢ome while continuing to prioTitiz¢ th¢ needs of the children and families we serve. Thi8 policy refie¢ts Children First Derb￿S approach to maintsining financial health and 8u8tsinability amidst challenging ￿onOmIC conditions. while ensuring the delivery of e88¢ntial services to the community. Structiireg governance and management Govenrfng document Children First Derby is based at 13 Leopold Stred, Derby, Derbyshire which is the company's registcred office and the principal address of the charity. Children First Derby is a company limited by guarantee and not having a shar¢ capitsl (company registration No. 5379021) and Registered Charity (No. l 111157). The charity was incorporated on l March 21)05 and the governing d(￿rn¢nt is the Memorandum and Article8 of Association dated l March 2005. The charitsbl¢ company acquired all th¢ assets and undtttalangs of th¢ uyllncorporated Children First D￿bY on l April 2005. The directors who served during the year wcr¢: A J Jacques - Chair A Fatemah.Razak. Treasurer R Brown RLuft A J Strong J A F¢llowes (appointed 15 July 2023) R D Repton (appointed 7 August 2023} CHILDREN FIRST DERBY TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) YEAR ENDED 31 MARCH 2024 InductloD and training of trustees Trustees may be recomm¢nd¢d by other Trnstees, or may be recruited through thc local Volunteer Bureau or through th¢ national charity REACH. Volunteers are also encouraged to consider board memb￿shIp. The aim 18 to hav¢ a cross-section of experience of relevance to thc work of the Charity e.& s(Kial work childcarfy finance, fimthaising, legal and general management. Applicont8 arc invited to visit Leopold Stre¢t to learn about the work of the Charity and attend one or morc of the Committe¢ mcetings as observers. Discussion then takes place between the applicant and th¢ Cbaiy of the Trustees to finalise their suitability and willingnes8 to stand for electio R18k M￿gement As a Charity involved with vuln¢rabl¢ ¢hildren and their families the highest priorlty is given to ensuring the suitability of staff members and volunteers undertaking mentoring and family support task5. All staff and volunt¢¢rs are subjext to enhanced criminal records checks and two character re£cr¢n￿4 prior to contact with service uscr8 and ar¢ trained in the Charity's child protection policies. The Charity has in place policics to ensure compliance with health and safety legislatio￿ employment law. data wotection and the signposting of clients requiring legal advic& A comprehensive risk assesstnent of the L¢(4)old Street pr¢mi8cs was undertaken in Octobw 2004 and is kept under ￿gUlar review. All staff ￿e1ve training in th¢ above policies and are positively encouraged to bring matters which need addressing to the Charity's Chief Executive. Matters which Can't be dealt with immediately ar¢ refaTed to the Board of TntsteeslDirector8 for appr(priate action. Independent examlller Mr D J Smith FCCA of DKS Chartered Certified Accountants offers hinL8elf for rc-appointmcnt independent ¢xaminer to the charity. This repth is prepared in accordance with the special provisions for small companies under Part 15 of the Con]panies Act 2006. Th¢ Tru tees, annual report was approv¢d by the Board of Directors. A Fatemah-Razak- Treasurer 13 Leopold Street DERBY DEI 2HE Datea 25 November 2024 11 CHILDREN FIRST DERBY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CIllLDREN FIRST DERBY YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trwtees of Chlldren First Derby I report to the charity tn￿te&S on my examination of th¢ accounts of the Company for the year ended 31 March 2024. which are set out on pages 13 to 26. Responsibilitles and basfis of report As the charity'5 trustees of the Company (and also its directors for the purposes of company law) you ar¢ raqponsible for th¢ preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for ind￿endent examination, I report in ra5pect of my examination of your charity's accounts as carried out under seclion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the directions given by the Charity Commission under 8¢Ction 145(5) 0)) of the 2011 Act. Independ¢nt examlner's itatsment Since the Company's gross income exceeded £250,000 your examiner must be a member of a body list¢d in section 145 of the 201 l Act. I confm that I ani qualified to undertake the examination b￿ause l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed rny examination. I confmn that no matters have come to my attention ID connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of ihe 2006 Act. or 2. the accounts do not accord with those r￿OrdS. or 3. the accounts do not comply with th¢ accounting requirements of section 396 of the 2006 Act oth than any requirement that the accounts give a t￿e and fair vi¢w which is not a matter con8idered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Re£ommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concern8 and hav¢ comc acr08s no oth¢r 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 reache(L vid Smith FCCA DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Dethy DE73 5NX 25 November 2024 CHILDREN FIRST DERBY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME & EXPEIYDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Funds Totsl Funds 2024 Totsl Funds 2023 Notes Ineome from: Donations 74,459 132,000 2,260 2,524 50Q 291,334 74,959 423,334 2,260 2,524 56,395 378.079 2,325 838 Charitable activities Other income tnvestment income TOTAL INCOME 211,243 291,834 503,077 437,637 Expenditure on: Raising funds Charitable activities 11,930 188,391 11,930 496,255 6,575 435.302 307,864 TOTAL EXPENDITURE 200a21 307,864 508,185 441077 NET (OUTGOING)IINCOMING RESOURCESINET {EXPENDITURE)IINCOME BEFORE TRANSFERS 10.922 (16,030) (5,108} (4,240) Transfer8 between fimds NET MOVEMENT IN FUNDS FOR 10,922 (16,030) (5,108) (4,240) THE YEAR Total fimd balances at l April 2023 225,559 71,445 297.004 301,244 TOTAL FUND BALANCES AT 31 MARCH 2024 23￿481 55,415 291,896 297,004 The company had no new or discontinued activities during the year. The notes on pages 17 to 26 forni part of the financial $tstements 13 CHILDREN FIRST DERBY BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 10 180,000 180,000 Current assets Debtors Cash at bank and in hand 33,387 94,830 12&217 998 123,815 124,813 Credltors: amounts falling due wlthln one year 12 (16?21) Net current assets 111,896 117,004 Total assets less current Ilabllltles 291,896 297,004 Net assets 291,896 297,004 Funds Unrestricted Revaluation reserve 13 145,000 145,000 General reserves Rastricted 13 13 91,481 236,481 55,415 80,559 225,559 71,445 Total charlty funds 14 291,896 297,004 The notes on pages 17 to 26 form part of the financial statements 14 CHILDREN FIRST DERBY BALANCE SHEET AT 31 MARCH 2024 For the year ended 31 March 2024 the company was entitled to exemption under Section 477 of the Conwania8 Act 2006 relating to smajl companies. Directors K8ponsibilities: (i) The membtrs have not required the company to obtain an audit of its accounts for the year in question in accordancc with s￿l0n 476 of the Companies Act 2006; and The directors acknowledge their re8pon8ibilities for complying with the rquiTcJncnts of the Companies Act with respect to the accounting records and the preparation of accounls. (li) These accounts have beell prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Th¢8e financial stat¢m¢nts were approved by the board of directors and authoris¢d for issue on 25 November 2024 and are Signed on their behalf by: A Fatemah-Razak Treasurer Registered Numbff 05379021 The Dotes on pages 17 to 26 forni part of the financial statements CHILDREN FIRST DERBY STATEMENT OF CASH FLOWS AT 31 MARCH 2024 2024 2023 Note Cash (outftknw$ylnllows from operatlng *etlvlties Cath gcnffaled from operation8 18 {31A09) 7,699 Invegting actlvhles Inter&8t received Net eash provlded by Investlng %tlvltle8 2,524 838 2,524 838 Net (decrevdseyln¢rease In ea8h and cagh equlvalent5 (28,985) 8,537 Cash and cash equivalents at beginning of year 123,815 115,278 Cash and Cash equlvalellts at end of year 94,830 123,815 Cash at bank and in hand Net cash and CAsh equlvaknts 94,830 123,815 94,830 123,815 16 CHILDREN FIRST DERBY NOTES TO FJIYANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2024 Aceollntlng polldes Company Informatlon Children First Derby is a company limited by guarantee not having a share capital. The company's registered olTice is 13 Leopold StreeL Derby, DeTbyshire, DEI 2HE. At thc end of the year there were 7 Trustees, each of whom, under the t￿rnS of the Memorandum and Arti¢le8 of Associatiory had undertaken to contribute the sum not exceeding £1 in the event of a winding up of the company. 1.1 Accoulltlng conventfion These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Siandard applicable in the UK and Republic of Ireland" {"FRS 102"). "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from l January 2016. The C}￿lty is a Public Benefit Entity as defined by FRS 102. The accounts ar¢ preparea in sterlin& which 18 the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. Th¢ accounts have been prepared on the historical Cost conv¢ntion Apart from freehold Property that is carried at deemed Cost following transition to FRS 102. The principal accounting policies adopted are set out bdow. 1.2 Golng concern At the time of approving tbe accounts the trustee8 have a rea80nable expectation that the charity ha8 adequate resources to continue operational existence for the foreseeable fi)tUTe. The Trustees therefor¢ continue to adopt the going ¢on¢ern basis of accounting in preparing the 1.3 Charltable fund8 Unrestricted fund8 are available for use at the discrelion of the tnistees in furtherance of the general objectives of th¢ charity. Designated funds are unrestricted funds eannarked by the trustees for particular purposeg. Restricted funds are subjected io restrictions on their expenditure imposed by the donor or through the tern]s of an appeal. The revaluation reserve relate8 to the revaluation Surplus on fre¢hold properties as at the date of traT￿ltIOn to FRS 102. 1.4 Incoming resources All incoming resources are included in Ihe SOFA when the charity is legally ¢ntitled to the income and the amount can bc quantified with reasonable accuracy. Gifts in kind have been includ¢d at market value of gifts received and in assds acquired, No amounts are included in the financial statements for services donatcd by volunteers. 17 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCII 2024 1.5 Resourees expended All expenditure is accounted for on an accruals basis and has been classified under headings that awegate &ll costs relating to the category. Where costs cannot be dir￿tlY attributed to particular headings they bave been allocaied to activiti¢s on a basis consistent with use of the resourc&8. Fund-raising c08ts arc ihose incurred in seeking voluntary contributions and do not include the ¢osts of disseminating inforn]ation in the support of th¢ Charitable activities. 1.6 Debtors Trade and other debtors are recognised al the settlement amount. Prepa￿tS aTe valued at the amount prepaid. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in Iwid and deposits held at call with banks. 1.8 Credltors and provlslons Cr¢ditors and provisions are recognised where the charity hA8 a present obligation resuliing from a past event that will probably result in the transfer of fLmds to a third paty and the amount due to settle the obligation can be measured or egtimated reliably. CTeditor8 and provisions are nornially re￿￿]3¢d at their settlement amount. 1.9 Flnanclal instruments The charity only has financial assets and financial liabilitie8 of a kind that qualify as ba8lC financial in9truments. Basic fmancial instnllnents are initially r￿ognISed at transaction value and sub8equently measured at their settlement valu& Derecognltlon of financlal llabllhles Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recogllised in the period in which the employee's services are received. 1.11 Taxatlon The charity is exempt from tax on income and gains to the extent that thege are applied exclusively to its charitable obj￿ts. 1.12 Depreclatlon Freehold Property is not depreciated as the trnstees consider that th¢ depreciation charge is not matffial. An impairnient review is undertaken and the tru8t¢es do not consider that the deemed cost has been impaired. 18 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.13 PensSons Payments to defined ¢onthlJutioD retirement benefit schemes are charged as an expense as they fall due. CrllAcal A￿o￿ntIng estin)ates and Judgements In the application of the charity's accounting policies, the directors are required to make judgements. &8timat¢s and assumptions aboul the carrying amount of assets and liabiliti&4 that are not readily apparent from other sources. The e8timata8 and associated assumptions are based on historical experience and Oth￿ factors that are COJL81d￿ed to be relevant. Actual r¢5uIts may differ from these &stimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting &4timates are recognised in the period in which the &8timate is revised where the revision affects only that period, or in the period of the revision and future periods wh¢r¢ the revAsion affects both current and future p￿IOds. 19 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 IIIARCH 2024 Total Fund5 2024 Unrestricted Funds Restrlcted Fund$ Total Funds 2023 Donations Donations and fvnthaising 74,459 500 74.959 56,395 Year ended 31 Mareh 2023 56.395 56,395 Charltable acllvltles Grants/ tncome Receivablc from Derby City Council - supervised contacts Service National Lottery- R C Midlands 132,OIX> 132,0 135,000 63,406 63,406 62,164 10,000 BBC Children in Need NAtional Lotw- Family Support 66,194 66,194 21,869 South D¢￿b￿h1re Di$tri¢t Council (Sthools, Family Support Servicc) Foundati£￿ Derbyshire Youth Alliance Derbyshire Police & Crime Commission 38,661 38,661 55,089 2,000 4,500 13,500 13,500 5,0(Ki 15,000 5.000 15,000 5,Cw)O 15,1))O 500 Garfield Weston Barclays Freemasons Grand Charity Po8tcode Lottery Community Action UPS Foundation 720 18,000 30,000 16,097 1,800 340 53.539 53,539 Toyota Grant Chatsworth 1,8(YJ 1,800 Kelly Tn￿1 Openwork Foundation Wa]br(M)k Fund 5,000 14,942 2,500 3,000 3,000 1,000 2,000 2,792 5.000 14,942 2,500 3,000 3,000 1,000 2,000 2,792 Wann Spaccs Warlxrtc Dubyshire County Council DACP ND Children's Hub 132,000 291,334 423,334 378,079 Year ended 31 March 2023 135,IXKI 243,079 378,079 20 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMEIYTS YEAR ENDED 31 MARCH 2024 Tot Funds 2024 Unrestricted Funds Total Funds 2023 Ot1￿ ineoD 34 Apprenti￿Ship Sundry Income 1.500 791 2,260 2,260 2,260 2,260 2,325 Year ended 31 March 2023 2,325 2,325 Invethnt Jncome Bank interest ￿e1V&ble 2.524 2,524 838 Year ended 31 M￿Ch 2023 838 838 7. Anatysl8 of expendlture on eharltable actlvlllei 2024 2023 Staff cost5 Recruitment Costs Jnsurances and utilily costs Rq)air8 and maintenance Telephone Office and other costs StatTtraining and &xp¢nses Professional fee8 Computer wuipment and software Outings* parti￿, toys and equipmcnt Miscellaneous expenses 352,111 2,018 7,032 13,970 4,799 8,116 20,611 2,577 7,45 73,877 3,699 330,993 656 7,004 13,468 3,329 7,309 17,218 3,174 13,434 34,057 4,660 Total 496,255 435,302 Expenditure on charitable activities was £496,255 (2023: £435,302) of which £188,391 was unrestricted (2023: £220,885) and £307.864 was restricted (2023: £214,417). 21 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 2024 2023 8. Enwloyment eo$t8 were:_ Wages & SalariGg S￿la1 securlty costs Pension casts 329.073 18,973 4,065 310,612 16,557 3,824 352,111 330,993 No employee8 earned more than £60,000 in the year. Non¢ of the trustees received Temuneration dwing the year. During the year no trustee (2023: 0 trustees) were reimbursal for out of pocket expenses totalling £Nil (2023: £nil). The kcy management personnel of the charity comprise the Trustees. the ChidExecutiv¢ Officer and the othtt members of the senior rnanagement teanL The tot￿ employeebenefitB of the k¢y management personnel of the ¢harity was £165,815 (2023: £152,519). Partlculars of employees The avttage full time equivalent staff employed by the charity during th¢ fmancial year amounted to 2024 Number 20 2023 Iyumber 16 Charitabl¢ activities 20 16 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 9. Net (expeDdhureylncome The nel {expenditure)/ income is ststed after Chargin￿(CredIting). 2024 2023 Independent examiner's Temuneration 9CK) 900 10. Tanglble flxed assets Freehold Property Totsl I)¢¢mcd cost At l April 2023 and at 31 March 2024 180,000 180,000 Depreclatlon At l April 2023 and at 31 March 2024 Carndng amount Al 31 March 2024 180.000 180,000 At 31 March 2023 180.000 180,000 The fr￿hOld prop¢ty at 13 Leopold Strect. Derby has been included at deemcd cost based on a previous valuation on 4 April 2014 by Innes Englan4 Chartered Surveyors, at an open market value of £180,000 using the RICS Valuation Standards. In respect of th¢ freehold propety ststed at deemed ¢ost, the ¢omparable historical cost and dqnciation values are as follows: 2024 2023 Carrylng amount at end of year 180,000 180,000 Hlstorleal eo$t At 31 March 2024 35,000 35.000 Depreciatlon At 31 March 2024 Net hlstorlcal cost At 31 Ma￿h 2024 35,000 35.000 23 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 11. Debtors 2024 2023 Trade debtors PrepayM￿ts and aCcn￿l income 32,025 1.362 33,387 998 998 12. Creditors: amounts falling due within one year 2024 2023 Trade Creditors Other tax&9 and social security Accruals and def¢rr¢d incom¢ 9.608 5,813 2,089 4.820 900 7.809 16,321 24 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 13. UDrestri¢ted funds Movement$ In fwm Inconthig Resouree8 Balance Resources expend¢d Tran5fer8 31 March 2024 Bgdlance l Aprll 2023 Revalurdtlon Reserve 145,000 145,000 General reserve 80,559 211,243 {200,321) 91,481 Unrestrlctsd funds 225,559 211,243 (200,321) 236,481 Revaluatlon reserye: The r¢valuation reserve relates to the revaluation surplu8 on freehold properties as at date of transition to FRS 102. General reserve: General reserve8 represent the fund8 of the Charity which are not d￿]￿jaled for a particular purpose. Re8trleted fund8 Movements In fundi Incomlng Resourees Balance Resources expended Transfers 31 March 2024 Balance l Aprll 2023 M¢ntoring Family Support Service Joint Funding 25,188 46,150 107 114,348 164,394 13,092 (112,811) (191,829) (3,224) 26,725 18,715 9,975 Restrlcted 71,445 291,834 (307,864) 5S,415 25 CHILDREN FIRST DERBY NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14. Analysts of net 488ets betiveen funds Unrestrlcted Funds Restrieted Funds Total Fund balances at 31 Mareh 2024 are represented by: Net curr¢nt a8s¢ts Tangible fixed ass¢t$ 56,481 180.000 55,415 111,896 180,000 236,481 55,415 291,896 15. Related party transactlons The charity has no related paty transactions that required disclosure. J6. Corporatlon taxatlon The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or yection 252 of the Taxation of Chargeablc Gains Act 1992 to the extent thai these are applied to its charitable objects. 17. Operatlng leases At 31 M8rch 2024 the company was cornmitted to making payments under non-cancellable operating leases in future years totalling £6,361 (2023: £10,760). 18. CA8h generated from operatlons 2024 2023 (Deficit) for the year Adjustments for: tnvestment income 8bown in investing activities Movements In worklng capltsl: (Irtcrease}Ide¢rease in debtors tncreasel(decrcase) in creditor8 (5,108) (4,240) (2,524) (838) (32,389) 8,512 16,323 (3,546) Casb generated from operatlons (31,509) 7,699 26