FIVE CHILDREN AND FAMILIES TRUST LTD (A COMPANY UMITED BY GUARANTEE) ANNUAL REPORT AND ACCOUNTS for the year ended 31st March 2025 REGISTERED NUMBER: 4241965 CHARITY NUMBER: 1112796 *AEIH3Y95' 3011212025 COMPANIES HOUSE A05
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FIVE CHILDREN AND FAMILIES TRUST LTD Annual Accounts for the year ended 315t March 2025 Contents Page Company Informatlon Report of the Trustees Auditorfs Report 13 Statement of Flnancial Actlvlties lincluding Income and Expendlture Account) 18 Comparative Statement of Financial Actlvlties Ilncluding Income and Expenditure Account) 19 Balance Sheet 20 Statement of Cash Flows 21 Notes to the Accounts 22
FIVE CHILDREN AND FAMILIES TRUST LTD Company Informatlon 315t March 2025 Company number: 4241965 Charlty number: 1112796 Trnstees: P R Bostock (Chair) P M Freeman Mord A Hughes Secretsry: S Roberts Chlel Executlve: S Roberts Rrflstered offlce: Conleach Road Speke Liverpool L24 OTW Bank•r$: Co-operative Bank plc Po Box 250 Delf House Southway Skelmersdale WN8 6WT Soll¢ttor$: Hlll Dlcklnson LLP No.1 St. Paul's Square Liverpool L3 95J Audltor: Mitchell Charlesworth {Audit) Llmited Accountants Statutory Auditor Suites C,D,E,F, 14th Floor The Plaza 100 Old Hall Street Liverpool Merseyslde, L3 90J IIPage
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 The trustees (who are also the directors of the company for the purposes of company law) present their report together with the audited accounts of the ch3rlty for the year ended 315t March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reportlng by Charltle5" in preparin8 the annual report and f5nancial statements of the charity. The financial statements have been prepared in accordance wlth the accounting policies set out in the notes to the accounts and comply with the charity'5 governin8 document. the Companies Act 2006 and Accountin8 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 Republlc of Ireland IFR51021 (effective l January 2019). Trustees The trustees who Served durlng the year are detailed on pa8e l. P R Bostock retires by rotatlon and being ellsible, offers himself for re-electlon. Oblects •nd acllvttl•s The objects of the charlty are to: Promote the physical, intellectual and social development and education of pre-school and youn8 children particularly those who are disadvantaged or who have special needs and to ensure that they are ready to flourish when they get to school by working wlth familie5, foster and surrogate families and caring for and nurturin8 chlldren. Advance the education of the publlc In all aspects of the development of young children includin8 speeth and language. Relieve poverty, sickne55 and distress amon8 those in necessitous clrcumstances. Relieve unemployment in such way5 as may be thought fit includin8 assistance to find employment, and Carry out such other excluslvely charltable purposes as may be convenlently or advanta8eously tarried out In conjunctlon wlth the primary objects. The charlty has the general alm of workln8 In partnershlp to deliver better outcomes for chlldren and famllie5. The main objectives for the year contlnue to be the dellvery of our children centre contracti Particularly focusin8 on enhanced family support through our parent mentor prolect, improvin8 access to employment and the promotion of healthy lifestyles, in particular focusin8 on mental wellbein8 and diet and nutritlon. 21Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 (contlnued) Strateglc Report Achlevements and perforniance Chlldren Centre Artlvltles Our Children Centres have provided a variety of services and activltles, reaching a total of 4,404 Individuals between Aprll 2024 and March 2025. Services offered include antenatal ser¥ices, family support, day-care, chlld health Services and unlversal early learnin8 8roups. We also provlde employment assistance, and varlous educational pro8rammes. The hlghest attendance recorded In antenatal servlces11,2681 and centre-based famlly support11,2211. Other notable serrflces Include postnatal servlces11,1711, Poverty support (826} and physlcal act•vity programs {7691. Monthly attendance demonstrates consistent en8agement from both carers and children; carer5 COnSi5tently outnumbered chlldren in attendance across most months, but this is largely due to our antenatal attendance. Speclfic programs Ilke speech and language support and speclal educatlonal needs {SEN) servlces are also provided. The centre empha5ises mental health and emotional wellbein8, With 189 individuals receivln8 SUPPOrt in thls area. Attendan Trends for Spe¢lfi¢ Servkes The attendance trends for speclflc servlces indlcate varying levels af en8a8ement throughout the year. Antenatal senilces saw the highest en8a8ement, partlcularly Sn Aprll 2024 {243 carers). Centre-based famlly support had $18nlficant attendance, wlth 203 children In Aprll 2024. Physical actlvlty pro8rams peaked in Au8USt 2024, wlth 612 total attendees {261 carers and 351 Chlldrenl. Summary of Spe¢lal Programs and Support The centre provides targeted support pro8rams for chlldren wlth speclal needs and their famllies. SEN direct work with children and parents saw 105 indlvlduals engaged and specialist support 8roups for SEN included 110 participants. Speech and lan8ua8e servlces had a total of 316 indlvlduals recelvln8 targeted and universal support. A new Alder Hey servlce began operatln8 from the centre providin8 comrnunlty based appolntments for chlldren and voung peoplewith an ADHD dia8nosls and YPAS delivered an IncredlbleYÈars Pro8ramme for parents wlth neurodiverse children. Overall Impa¢t and Reach Our Children Centre has circa 4,500 children aged 04 registered for ser4ices. thls hlgh level of out of area registration has rnasked the focus on our in area target registration of 8(PA. In addition birth registratlon data has not been provided for a number of years, this data sharing resumed in May 2024. 1,537 of children registered live in our reach area, this is 63%of ourtarget population, howeveranalysis of the in year registrations demonstrates that 78% live In our area and we a150 registered 87% of all new births. We are confident that a sharper focus on birth registrations will ensure that over a 3 year period we will exceed the 80% tar8et. Fc has made a signlflcant Impact on the community by providin8 essentlal servlces and support, through Its children centre and childcare activity, notwlthstanding the coordinated efforts of our partners. 31Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustee5 for the year ended 31st March 2025 (contlnued) Overall Impart and Reach (contlnued) The centre'5 actlvitie5 Cater to all ethnicities and genders, ensuring inclusivity. With a total reach of 4,404 individuals over 21,472 contacts reflects the centre's commitment to servln8 famllles In greatest need. Notably of the 1,346 children seen at our centres 962 lived in our area a total of 87.5% of all reglslered 1>4 year old children were seen. 67% of all chlldren seen live In our IO% most deprived communlties. The table below summarises children attending by age: Chlldren aged under l year We saw 568 children of whom 55.5% 13151 Ilved In area. Chlldren aged I year 11 months We saw 242 chlldren of whom 78% (1891 lived In area. Chlldren aged 2 - ears 11 months We saw 320 children of whom 84.4% 1270) lived in area. Chlldren aged 3 - ears 11 months We saw 274 children of whom 86%12361 Ilved In area. Chlldren a8ed 4 - 4 years 11 months We saw 217 children of whom 86%1187) Ilved In area. The total volume of attendances for these chlldren Is 1927 attendances of whlch 74.4% {1434) live in the area 128 chlldren, in area, attended 4 or more occasions, 81 of whom Ilve in our most deprlved communities (63%) The total volume of attendances for these chlldrenls 1517 attendances of which 85.5%112971 live in the area. 113 children, in area, attended 4 or more occaslons 84 of whom Ilve In our most deprlved communlty {74%1 The total volume of attendances for these children is 1517 attendances of which 85.5%112971 live In the area. 176 chlldren, In area, attended 4 or more occasions 143 of whom live In our most deprSved community181%1 The total volume of attendances for these children is 3788 attendances of which 91%13460) live in the area. 155 children, in area, attended 4 or more oc¢aslon$ 136 of whom live In our most deprlved community188%) The total volume of attendances for these children Is 1415 attendances of whlch 91.4% {1294) live In the area. 63 ¢hlldren, In area, attended 4 or more occaslons S7 of whom Ilve In our most deprived community190%) This analysis wlll provide a count of overlappln8 ages across the year so totals may exceed the total chlldren seen +4 times. Ch51dren at a8e two have targeted visit from thelr health vlsitor whlch often results in a referral to our service, in addition we were unable to operate childcare from our Parklands slte which saw a reduction in the number oftwo year childcare places we were able to offer. As such the chlldren Centre was able to offer some tar8eted early learning support. In terms of our poverty focus for last year we sUPPOrted 826 individuals of those 68% Ilved In Speke and 280 were children aged 0-4. Each individual had an average of 2.3 contacts with the centre for 5UPPQrt, ranging from debt advice, benefits support and support with food and vouchers. Our work in relation to supporting access to childcare has 8one unrecorded in this financial year and we know that this does support our poverty redurtion work, as stsch we will start to record this work from April 2025 onwards. We know that we are effective at targetln8 our most deprlved communltles, however the above analysSs has led to a review of our under l offer, we also need to malntaln a sharp focus on our blrth data. Our centre Improvement plan for 2025-2026 has three Interconnected ambitlons, to: Maximi5e registration and early contact with all under 5's in our reach area, reducing the number of families who are unaware of our service or unengaged with the children centre. Deepen engagement and sustained partlcipation, particularly for children aged 0-2, so that farnilies benefit from consistent relationships and support. Improve outcomes for children, by bringing farnilie5 into early support pathways, promotlng developmental milestones, enhancing school readiness and reducing inequalities. 41Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 {continued) Partnershlp Work We contlnue to work with Statutory and Community partners this Includes: Liverpool City Council - Famlly Hubs, targeted youth se1, early help teams. children services, public health, adult Learnln8 ser4ice, Team Around the Nei8hbourhood, khool Improvement Liverpool, Liverpool In Work and the SEND Team Public Health Llverpool awarded Garston Chlldren £50K In reco8nitlon of thelr work focusin8 on families who are impacted by substance mlsuse. This work supported Garston Klnshlp Carers, the Men's Mental Health Group and Garston Parent Group. The team led on a successful conference co-produced and delivered wlth the 8roups, highlightln8 the impact of the work. PSS- Co delivery of parent training and conferences and I:1 therapeutlc sessions across both sites Crosby Tralnln8- delivery of accredited trainln8 In Garston Children Centre Citizen's Advlce Llverpool Perlnatal Mental Health Servlce- Drop In and referral servlces tar8etlng pregnant women and those with a chlld up to ase 2 Alder Hey - Provision of infant feedlng cllnlcs at both sites; Speech and language support for professlonals and parents and ADHD Clinics on slte. Kinshlp Carers Llverpool- supportlng dellvery of Kinship Group at Garston Chlldren Centre ADHD Foundatlon- dellvery of tar8eted early years play groups Merseycare Llverpool - Health Vlsltln8 Ser¥lces are delivered from both centres and the team are a key referrer to our services. We also co-deliver parentlng classes with the Perinatal Mental Health Service. LWHT- antenatal service5, ultrasound Scans and neonatal hearln8 screenln8 take place at our Speke site STEC- compliance training for staff, board support and communlty learning for parents Speke and Garston Adventure Playgrounds - dellvery of joint events, shared resources, development of a Famlly Hub strate8y YPAS- delivered Incredlble Years to parents of chlldren wlth neurodiverse traits Liverpool Citizens Advice Service- delivery of drop in support for thelr perlnatal social pres¢ribin8 service. Natlonal Trust - we have worked with Speke Hall on the co-productlon of thelr poverty proofing strate8y and we are now a Trusted Partner In allocating free annual passes to families Social Landlords- strategic focus and jolnt initlatives Local Schools and Training providers Thls year Speke was selected as a Cradle to Career area. working with a national charlty Right to Succeed. The Dirertor has chaired the Cradle to Career Implementation Group, durin8 its inceptlon and we now Chair the Early Years Group. In terms of overall Governance, Cradle to Career will participate in the TAN and report pro8ress through this forum ensurin8 the early years, FCFT has been an active partlcipant In the roll out of LCC Neighbourhood Model and we have participated in a number of task and finish groups related to Neighbourhood prloritles, in particular a Thrivlng Community and Voluntary Sector and Reduction In Anti-social behaviour. SIPage
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 (contlnuedl Partnershlp Work (contlnued) Our New Futures Group contlnue to support Us in our work and In addition both Children Centres now have actlve parent Broups who provide informal support and signpostin& support wlth events and activities and broker in specific training that is wanted and needed by parents. Lighthouse parentlng programme wlll be dellvered as part of a partnership with Alder Hey perinatal services. CAMHS, PSS and FCFf. It is an intensive 20week programme that is underpinned by mentallsatlon based therapyas an approach that is supported by the Anna Freud Centre, who shape and lead practice across England's Family Hub Network5. We encourage ourfamilies to participate in research projects and have supported the Chlldren Growln8 Up in Liverpool ICGULI research pro5ect, School Improvement Liverpool, development of an ACES strategy and training programme, National Trust- Speke Poverty Proofing project and LCC Housin8 Strategy. Flve Chlldcare We have had a $18nlflcant setback to our chlldcare operatlon. Muddy Footprints Garston remains ¢105ed, Initially to enable GAP to complete thelr refurbishment, we received a rental Income from them In support of thls. More latterlv we have ralsed objections wlth the Offlce of Trafflc Controller (OTC) and Llverpool Clty Councll {LCCI plannln8 department in relatlon to a plannin8 appllcation lo establish a Builders Yard and Heavy Goods Operating Centre immedlately adjacent to the nursery. We believe that If thls is approved It wlll compromlse both the safety of children and quality of the care we can offer. We are aware that there is a Public Enquiry planned and we have political support in relation to our objections for the proprietor to be granted an operating Ilcense. The CEO for LCC ha5 raised an objection with the OTC. However LCC has to remain neutral wlth regard to planning applicatlons. We have taken advlce and are confident that the proposal breaches the Liverpool Local Plan 2013-2033 in a number of areas and furthermore the proposal has no strate8iC Significance to the plan. We have also shifted our children centre delivery to our Muddy Footprints, Parklands site due to issues in relation to the provision of sufficient toilets on site for the nursery operatlon. This has resulted In a net loss of 19 chlldcare places in Speke, at a point when we were plannin8 expansion. We are worklng proactlvely with LCC A55et Management and Chlldcare Sufflciency teams to resolve thls matter, and we have been awarded a £40,000 capital investment to create 24 two year old places In the chlldren centre. It is our intentlon to enter Into a 5 year lease for Parklands, once a resolution has been achleved. Our Chlldcare contlnues to operate sustalnably and we have dUCed staffln8 through natural movement of staff to other roles in the company, althou8h sadly we have105t some prartltloners to the early yearfs sector. We are also mindful of the impact to our communlty and continue to push for an expedient resolutlon. Despite these setbacks, our nursery continues to fully inte8rate with the work of our chlldren centre and add value to all aspects of our delivery. in particular SEND, parentin& safeguarding and poverty work. As indicated above they have delivered 76,376 free childcare hours across the year. Levels of children on roll having an identified special educational need, requiring interventlon has increased. LCC SEND team acknowled8es that levels of need are greater in Speke. Our Childcare Manager continues to chalr the Early Years Consortia, whlch considers representation from settings in relation to support for SEND chlldren and she Is also the representative for South Liverpool Private and Voluntary Sector Nurseries. Through this area of work she Is able to impact systemically on the early year's sector and ensure the needs of some of our most vulnerable children are met withln thelr provision 61Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 {cont5nued) Flve Chlldcare We contlnue to embed best practlce approache5 in relatlon to enhanclng support for chlldren to develop speech, language and communication ski115 as more than 50% of our children have mild to moderate delay in speech and lan8uage at their 2 year Base Line assessment. It has been acknowledge by Liverpool SEND team that FCFT has the highest number of children on roll who have an Early Notification in place 26% of these children with highly complex needs currently attend our settin8. Childcare has worked with all local primaries to ensure an effective transition from our setting, thi5 has included visits from our schools 50 that they can observe children and 8aln a greater understanding of the children's needs. We will build on ourtransStlon work as part ofthe Early Years strand of Cradle to Career. Publlc 8eneflt Statement The Children Centre contract has a 100% focus on publlc benefit for children and families in Speke Garston and Cre5sington wards. We support workin8 parents wlth advice and 8uldance, ensuring maxlmum take up of childcare tax credits reducln8 fees by as much a$ 80% for the majorlty of parents and currently our ratio of free chlldcare provision stands at 60% compared to 40% fee payln8. FCFf always ensures that fees are kept as low as posslble wlthout compromisln8 our buslness SUStaSnablllty. Links were maintalned and extended, with local businesses, who support our Food Poverty Work and would Ilke to thank: Astrazeneca, Fords, Nandos, Asda, Cash for Kids, Alpha Taxls and Bld Foods, all of whom have supported us to ensure familles can have access to food and resource5 throughout the year and in particular over holiday perlods. Throu8h our Children Centre work, we also support famllies to access resources throu8h othercharltable trusts and we are working wlth Torus Housln8 to dlstrlbute fuel vouchers to families, Our SEND Llnk workers also asslst wlth the preparatlon of Dlsability Llving Allowance appllcations and appeals on behalf of chlldren wlth Special Educational Needs and Oisabillty ISENDI. We actlvely advocate on behalf of SEND chlldren in terms of ensuring they are able to access supportthrough theearlyyearfs consortla and ensure Education and Health Care Plans are In place priortothem startln8 school. We Continue to provide free training and consultancy to other local community organisations and groups on policy development, HR matters, fundln8 and Safe8uarding Children.
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 {continued) Risk management The risk assessment re8iStef has been updated Including any risks assoclated wlth new proposals. A summary of key risks is set out below whllst the Ilkellhood of Covld 19 continuin8 to have the level of impact at the height of the pandemlc the Board feels that it Is important to include the risk of a significant outbreak of this or any other emergent viruses not withstanding coronavirus mutations and or potential new tonta8ion.' Rlsk Mitl8ation / Controls Significant Viral Conta8ion - Rlsk to Employees Full and immediate individual risk assessment of all staff, especially those consldered vulnerable, 8oard and SMT commitment to malntaln 100% salary payments where sustainable. Work-at-home and In-work protocols aligned wlth DfE and Local Authority guldance. Government funding for early years and chlldren's centres maintalned. Review of any available government support. Deployment of staff to sustsin buslness contlnultv. Staff Identified as Crltlcal Workers, ensurin8 centres remaln open. Re8ular key person contact for children unable to attend, Use of Zoom. welfare calls, food voucher5, and actlvity packs, Stron8 Community Ilnks maintained. Joint income generation across Liverpool network. Maintenance of tenancies and review of childcare allocatlons. Support to Garston Adventure Playground and Famlly Hub plans for lon8er-term flnanclal sustainabllity, All settings 8raded 'Good' by Otsted. Partlclpatlon In quality assurance schemes. Targets in place to ensure posltlve chlld outcomes, Flexible response to 30 hours funding. Si8nificant Vlral Conta8lon - Flnanclal Impact Signlflcant Vlral Conta8lon - Community Impact Loss of Revenues Increase In Competltlon for Chlldcare Flnanclal revlew The accounts show an increase in Income of £482,118 to £2,290,95912024 £1,808,841). The trustee5 report a surplus of £484,87812024 £65,073). Thls represents a surplus of £362,326 (2024 deflcSt £130,246) on restricted funds and a surplus of £122,552 (2024 £195,319) on unrestrlcted funds. Investments powers and policy Under the Memorandum and Article5 of A550ciation, the charlty has the power to invest in any way the trustees wlsh. 81Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 (contlnued) Pollcy on remuneration of key management personnel The charity is committed to ensuring that we pay our staff fairly and in a way which ensures we attract and retain the rl8ht skills to have the greatest Impact in deliverln8 our charitable objectlves. The Board undertakes an annual review of salaries with the CEO in attendance, althou8h the CEO doe5 not partlclpate In the di5CU551ons around their own salary. All salary reviews take account of the broader financial position of the or8anisation. When carrying out its reviews. the Board has re8ard to: Industry benchmarks. includin8 the pay grades of slmllar roles within the local authority, where ser4lces are commSssloned by those bodles; m3kln8 sure that pay rates are competltlve wlthin the sector; the rernuneration package as a whole Includlng penslon contributions; and rewardlng good performance. Reserves pollcy The charlty's reserrfes policy Is to bulld up an unrestricted reserve sufflclent to enable the charlt¢s actlvities to be continued for a period of 3 months should regular funding be reduced or become unobtainable. Thls would provlde the trustees wlth suffi¢lent tlme to conslder how the operatlons of the charlty could be developed to enable Its servlces to contlnue to be provlded 8lven the levels of fundin8 avallable. At present thls level of reserves is realistically unobtainable but the trustees are lookin8 at way5 of Increasin8 Its incoming resources that would enable unrestrirted reserves to be built up over a period of time. Our business 5trate8y is focused on the creatlon of a mlxed economy that Is: Less rellant on grant or a sln8le source of Income 8ullds on our exlstln8 enterpr15e portfollo and the creatlon of unrestrlrted reserves Ensures that all projects are based on the principles of full cost recovery The build-up of a financial reserve 15 clearly linked to organisational performance and is wholly dependent on the organisation's ability to respond, develop and innovate within the context of our enterprise work. Thls is consistent wlth our business mlsslon: "We wlll grow our serilces, innovatlvely• profltably and in accordance with our charitable mlsslon. In buildlng sufficient reserves, we will be able to respond to potential risks and contingencies that may arise from time to time enabling us to meet financial risks associated with any contingency or uncertainty relating to the charltvs operatin8 actlvlties. These include: The provislon for an orderly wlndlng-down of operations in the event of a significant adverse event that is outside the control of the charity. Shifts in legSslatSon that may affect exlsting services provided for by the charlty. 91Page
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st Marth 2025 (continued) Structure* governance and management Post balance sheet events There are no significant post balance sheet events to report. Governlng document The charltyls a company limlted by guarantee and 15 8overned by its Memorandum and Articles of Associatlon dated 27th June 2001 as amended on 2nd March 21)06 to allow for current 8overnance arrangements. The company was reg15tered a5 a charlty on 23rd January 2006. Membershlp of the charity is open to Individuals or organlsatlons who quallfy In accordance with the policy and crlteria for admission of members made by the trustees. Or8anlsatlon The board of trustees, which can have up to 9 members, administers the charity. The board meets at least four tlmes a year and there are sub-committees coverlng flnance, nominatlons and human resources. A Chief Executive is appointed by the trustee5 to mana8e the day to day operations of the charity. To facilltate effective operatlons, the Board has dele8ated authority to the Chief Executive for all operatlonal matters includlng flnance. employment and performance related actlvlty. Appolntment of trusttts As set out in the Artlcles of Association the nominations committee will advise the charity on: Identiflcation and selection of new trustees and makin8 nomlnations to the AGM for the appointment of new trustees. Pollcy, crlterla and other matters relatln8 to membershlp of the charlty. AppoSntment of the Chalr, Deputy Chalr, Treasurer and any other office holders. The nominations commlttee has delegated authority to carry out its role detailed above and to make such nomlnatlons as it sees fit. The charlty Is committed to the full Involvement of parents In Its strateglc development and we would always seek to have a thlrd of our membership made up of local parents. Currently 50% of the board is made up of local parents. The trustee5 have the power to co-opt any person duly qualified to be appointed as a trustee to fill a vacancy in their number or as an additional trustee but a co-opted trustee holds office only until the next AGM. All members are circulated with the invltations to nominate trustees prlor to the AGM advlsing them of the retlrln8 trustees and requestin8 nominations for the AGM. Nominees appolnted by Liverpool Clty Council and Llverpool Primary Care Trust are subject to the appointment processes of those bodies and the guidelines on appolntment to public office as they apply to Local Government and Department of Health nominees. IOIPa8e
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustees for the year ended 31st March 2025 (continued) Structure ol Trustee Indurtlon and tralnlnq New trustees under80 an inductlon to brief them on.. Their legal obli8ations under charity and company law. The content of the Memorandum and Artlcles of Assoclatlon. Declsion makln8 processes. The business plan. Recent financial performance of the charity. The Code of Conduct for Board Members. Thelr responslbllltles for safe8uardln8 chlldren. Ouring the induction period board members arrangements are made for them to meet key employees and other trustees. Trustees are encouraged to attend approprlate external trainln8 events where these will facllltate the undertaking of thelr role. The charlty ensures adequate funds are avallable for trustees to undertake tralnln8 In relatlon to thelr roles and responsibllitles. Statement of trustees, responslbllltles The trustees (who are also directors of Flve Children and Families Trust Ltd for the purposes of company13w) are responslble for preparing the Trustees, Annual Report (Includin8 the Strategic Report) and the financial statements in accordance wlth appllcable law and Unlted Klngdom Accountlng Standards Iunlted Kingdom Generally Accepted Accountin8 Prartlcel. Company law requires the trustees to prepare financlal statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charltable company and of the incomlng resources and applScatlon of resources, includln8 the Income and expendlture, of the charltable company for that perlod. In preparSn8 these fSnancSal statements, the trustees are requlred to: select suitable accountin8 policies and then apply thern consistentlyi observe the methods and prlnclples In the Charitles 50RP 2019 IFAS 1021,, make judgements and estimates that are reasonable and prudent; state whether appllcable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financlal statement5, prepare the flnanclal statements on the golng concern basls unless It Is Inapproprlate to presume that the charitable company wlll continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial positlon of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguardin8 the assets of the charitable company and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularlties. IIIPage
FIVE CHILDREN AND FAMILIES TRUST LTD Report of the Trustee5 for the year ended 31st March 2025 {contlnued) Trustees, statement of dlsclosure of Infomiation to the audltors Each of the persons who is a trustee at the date of approval of this report confirm in $0 far as they are aware that: there is no relevant audlt Information of which the charitable companvs auditor is unaware, and the trustee5 have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the audltors are aware of that information. By Order of the Trustees Mord Trustee 24 December 2025 121Page
Mitchell Charlesworth (Audit) Limited Accountants Suites C,D E F 14th Floor, The Plaza, Old Hall Street. Liverpool. Merseyside, L2 5RH FIVE CHILDREN AND FAMILIES TRUST LTD Independent Audltorfs Report to the Members of Flve Chlldren and Famllles Trust Ltd For the year ended 31st Marth 2025 Oplnlon We have audlted the financial statements of Flve Chlldren and FamSlles Trust Ltd {the'charitable companTrKI for the year ended 31st March 2025 which comprlse the Statement of Financial Activitles, the Balance Sheet, the Statement ol Cash Flows and the notes to the financial statements, includin8 a summary of significant accounting policie5. The financial reportlng framework that has been applied in their preparation is applicable law and United Kingdom Accountin8 Standards, includin8 Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republlc of Ireland {United Kingdom Generally Accepted A¢countin8 Prarticel. In our oplnlon the flnanclal statements: Ive a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of It$ incoming resources and appllcation of resources, Including Its Income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. 8asls for oplnlon We conducted our audlt Sn accordance wlth Intematlonal Standards on Audltln8 {UKI IISAS IUKII and appllcable law. Our fesponslbllltles under those standards are further described In the Auditor'5 responslbllltles for the audlt of the flnanclal statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve that the audit evldence we have obtained 15 sufficient and appropriate to provlde a basis for our opinlon. Concluslons relatlni to solni concem In audltin8 the financial statements, we have concluded that the trustee5' 115e of the 80in8 concern basis of accountln8 In the preparation of the financial statements 15 approprlate. Based on the work we have perforrned, we have not identified any material uncertaintles relating to events or condltlons that, individually or collectively, may cast sienificant doubt on the charitable companTrKs ability to continue as a going toncern for a period of at least twelve monlhs from when the financlal statements are authorised for issue. Our responslbilities and the responsibilitles of tbe trustees wlth respect to golng concern are described In the relevant sections of this report, 131Page
Mitchell Charlesworth (Audit) Limited Accountants Sultes C,D E F 14th Floor. The Plaza, Old Hall Street. Llverpool, Merseyslde. L2 5RH FIVE CHILDREN AND FAMILIES TRUST LTD Independent Audltoes Report to the Members of Flve ChSldren and Famllles Trust Ltd For the year ended 31st March 2025 ICovrtlnued] Other Inform•llon The other Informatlon comprlses the informatlon Included In the tru5tees' annual report, other than the financial ststement5 and our auditor'5 report thereon. The trustees are responslble for the other information contalned within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated In our report, we do not express any form of assurance conclusion thereon. Our responslbllity is to read the other Informatlon and. in doing so, conslder whether the other Information is materlally inconsistent wlth the financSal statements or our knowledge obtalned In the course of the audbt or othenvlse appears to be materlally misstated. If we identify such material inconslstencies or apparent materlal m15Statements, we are requlred to determlne whether thls gives rlse to a materlal misstatement In the financlal statements themselves. If, based on the work we have performed, we conclude that there15 a materlal mlsstatement of thls other informatlon, we are required to report that fact. We have nothin8 to report in this re8ard. Oplnlons on other matters preKrlbed by the Companles Act 2006 In our oplnlon, based on the work undertaken In the course of the audlt: the Informatlon given In the trustees, report Ilncorporatlng the strate8lc report and the dlrectors, report prepared for the purposes of company lawl for the financlal year for which the flnanclal statements are prepared Is cons15tent with the financial statements; and the strategic report and the director5, report have been prepared in accordance with applicable legal requlrements. Matters on whkh we •re requlred to report by exceptlon In the light of the knowledge and understanding ofthe charitable company and its environment obtained in the course of the audit, we have not identified material mlsstatements in the strategic report and the director5, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires u5 to report to you If, in our opinion: adequate accounting records have not been kept, or returns adequate for our audlt have not been received from branches not vlsited by us; or the financial statements are not In agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanatlons we require for OLtr audit. 141Page
Mitchell Charlesworth (Audit) Limited Accountants Suites C D E F 14th Floor, The Plaza, Old Hall Street, Ll¥erpool. Merseyslde. L2 5RH FIVE CHILDREN AND FAMILIES TRUST LTD Independent Audltorfs Report to the Member5 of Flve Chlldren and Famllles Trust Ltd For the year ended 31st March 2025 IContfn¥edJ Responslbllltles of trustees As explalned more fully in the Statement of Trustees, ResponslbSlltles set out on pa8e 11, the trustees {who are also the dlrectors of the charitable company for the purposes of company lawl are responsible for the preparation of the flnanclal statements and for being satisfled that they give a true and falr vlew, and for such internal control as the trustees determine 15 necessary to enable the preparatlon of financial statements that are free from material misstatement, whether due to fraud or error. In preparln8 the financial statements, the trustees are responslble for assessing the charitable company's abillty to contlnue as a 8oln8 concern, disclosln8, as appllcable, matters related to 80in8 concern and uslng the golng concern basis of accountlng unless the trustees elther intend to Ilquldate the charitable company or to cease operatlons, or have no reallstlc alternatlve but to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectlves are to obtain reasonable assurance about whether the financlal statements as a whole are free from materSal misstatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a hi8h level of a55urance, but is not a guarantee that an audit conducted in accordance with ISAS IUK) will always detect a materlal misstatement when It exlsts. Misstatements can arise from fraud or error and are consldered material if, indlvidually or in the asgregate, they could reasonably be expected to influence the economlc declslons of users taken on the basls of these flnancial statements. Irregularltles, Including fraud. are Instances of non<ompllance wlth laws and regulatlons. We design procedures In Ilne with our responsibilities, outlined above, to detert material mlsstatements in respect of irregularities. including fraud. The extent to which our procedures are Capable of detettin8 irregularities, including fraud, is detailed below., Extent to whlch the audlt was consldered capabl• of d•tertlng Irre8ularltles, Includln8 fraud We identlfy and assess the risks of material misstatement of the flnancial statement5, whether due to fraud or error, and then desl8n and perform audlt procedures responsive to those rlsks, Includln8 obtalnlng audit evidence that Is sufficient and approprlate to provide a basis for our opinion. Identlfylng and assessin8 potsntlal rlsks related to irre8ularltles In identifying and assessing risk5 of material misstatement in respert of irregularitie5, including fraud and non- compliance with laws and regulations, we considered the following: the nature of the industry and sector, control environment and business performance; the charitable companvs own assessment of the risks that irregularitles may occur either as a result of fraud or error; the results of our enquiries of mana8ement and members of the Board of Trustees of their own identification of and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the charitable company's documentation of their policles and procedures relatin8 to: 151Page
Mitchell Charlesworth (Audit) Limited Sultes C,D E F 14th Floor, The Plaza, Old Hall Street, Liverpool. Merseyslde. L2 5RH Accountants FIVE CHILDREN AND FAMILIES TRUST LTD Independent Auditorfs Report to the Members of Five Chlldren and Famllles Trust Ltd For the year ended 31st March 2025 Icontlnuedl Identlfylns and assessln8 potentlal rlsks related to lffe8ularltles Iwntlnued) identifying, evaluating and complyln8 With laws and re8ulatlorts and whether they were aware of any Instances of non<ompliance' detecting and responding to the rlsks of fraud and whether they have knowledge of any actual, suspected or alle8ed fraud; the Internal controls established to mltS8ate rl$ks of fraud or non.compllance wlth laws and re8ulatlons,' and the matters di5CUssed among the audit engagement team re8arding how and where fraud mi8ht occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we consldered the opportunlties and Incentive5 that may exlst wlthln the organisatlon for fraud and identlfled the greatest potential for fraud In the followln8 areas: 111 The presentation of the charity's Statement of Flnancial Activlties, lill the charity'5 accounting policy for revenue recognltlon, and liiil the overstatement of salary and other costs. In common wlth all audits under ISA5 (UK), we are also required to perform specific procedures to respond to the risk of mana8ement override. We also obtalned an understandin8 of the legal and re8ulatory framework that the charltable company operates In, focuslng on provlslon5 of those laws and regulations that had a dlrect effect on the determlnatlon of materlal amounts and dlsclosures In the financlal statements. The key law5 and regulations we consldered in thls context included the UK Companies Att and the Statement of Recommended Practice - 'Accountin8 and Reportin8 by Charities, issued by the joint SORP making body. In addltlon, we consldered provlslons of other laws and regulatlons that do not have a dlrect effect on the flnanclal statements but compliance wlth which may be fundamental to the charltable companrfs ablllty to operate or to avold a material penalty. These included Safeguarding and Data Protertion regulations. Audlt response to rlsk$ Identmed As a result of performln8 the above. we Identified the presentation of the charltable company's Statement of Financlal Activlt5es, revenue re¢o8nition and overstatement of wages and other costs as the key audSt matters related to the potentlal rlsk of fraud. The key audit matters section of our report explains the matters in more detail and also descrlbes the speclflc procedures we performed in response to those key audit matters. In additlon to the above, our procedures to respond to risks identified included the following: revlewin8 the financlal statement disclosures and testing to supportin8 documentatlon to assess tompllance wlth relevant laws and re8ulatlons described above as having a direct effect on the financlal statements; enquiring of management and members of the Board of Trustees concerning actual and potential litigation and claim5. 161Pa8e
Mitchell Charlesworth (Audit) Limited Accountants Sultes C.D E F 14th Floor, The Plaza. Old Hall Street, Liverpool, Merseyside, L2 5RH FIVE CHILDREN AND FAMILIES TRUST LTD Independent Auditorfs Report to the Membws of Five Children and Famllies Trust Ltd For the year ended 31st March 2025 Icontlnuedl Audlt response to rlsks Identlfled (contlnued) readin8 minutes of meetings of those charged wlth 8overnance and revlewlng correspondence wlth relevant authorities where matters identlfled were signlflcant,. In addressln8 the rlsk of fraud through management overrlde of controls, testing the appropriateness ofjournal entries and other adjustment5. assessing whether the judgements made in makin8 accountin8 estimates are indicative of a potential blas; and evaluatlng the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant Identlfied laws and re8ulation5 and potential fraud rlsks to all engagement team members and remalned alert to any Indications of fraud or non-compllance with laws and re8ulatSons throu8hout the audlt. Because of the inherent limitations of an audit, there is a risk that we will not detert all irregularities, including those leading to a material mlsstatement in the financial statements or non-compliance with re8ulation. The risk increases the more that compliance with a law or regulation Is removed from the events and transactlons reflected in the financial statements, as we will be less Ilkely to become aware of Instances of non-compliance. The r15k Is also greater re8ardin8 irre8ularities occurring due to fraud rather than error, as fraud Involve5 Intentional concealment, for8eryi collusion, omisslon or misrepresentatlon. A further descrlption of our responsibillties is available on the Financial Reporting Council's webslte at: httP://vMw.frc.or8.uklaudltorsresponslbilltles. Thls descrlptlon forms part of our aud5tor's report. Use of our r•port Thls report is made solely to the charitable compan(s members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor5, report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charitable Company and the charitable companvs members as a bodyi for our audit work, for this report, or for the oplnlons we have formed.. Mr Phlllp Grlfffths Senlor Statutory Auditor 29 Llecember 2025 On behalf of Mltchell Charlesworth (Audlt) Umtted Statutory Auditor Sultes C,O,E,F, 14th Floor The Plaza 100 Old Hall Street Liverpool Merseyside, L3 90J 171Page
FIVE CHILDREN AND FAMILIES TRUST LTD Statement of Financial Activities lincluding Income and Expendlture Account) for the year ended 315t March 2025 Summary Income and Expendfture Account Unrestrlrted Restrlcted funds funds Total 2025 Total 2024 Note$ Income from: Donations and le8acies Charitable activities 7,892 1,284.246 7,892 2.283,067 8,448 1,800.393 998,821 Total Income 1,292,138 998,821 2,290,959 1,808,841 Expendlture on: Charitable artlvltie$ 1,169.586 636,495 1,806,081 1,743.768 Total expendlture 1,169,586 636,495 1,806.081 1,743,768 Net Incomellexpendtture) for the year 122,552 362,326 484,878 65,073 Transfer between funds 168,373) 68,373 Total funds brou8ht forward 385.317 71,050 456,367 391,294 Total funds ¢arrfed forward 439,496 501,749 941,245 456,367 The charlty has no reco8nised gains or10sses other than the results for the year as set out above. All actlvities of the charlty are classed as contlnulnB. The notes on pa8es 22 to 32 form part of these accounts. 181Page
FIVE CHILDREN AND FAMILIES TRUST LTD Statement of Financial Artivitles (including Income and Expenditure Account) for the year ended 31st March 2025 Comparative information for the year ended 31st March 2024 Unrestrlrted funds Restrl¢ted funds Totsl 2024 Total 2023 Notes Income from: Donations and legacies Charitable activities 8,448 1,301,429 8,448 1,800,393 3,732 1,515,939 498,964 Total Income 1,309,877 498,964 1,808,841 1,519,671 Expendlture on: Charitable activitles 1,114,558 629,210 1,743.768 1,556.220 Total empendlturt 1,114,558 629,210 1,743,768 1,556,220 Net Incomel(expendfture) for the yeir 195,319 1130,246) 65,073 {36,5491 Total funds brought forward 189,998 201,296 391,294 427,843 Total funds carrled fonvard 385,317 71,050 456,367 391,294 The charlty has no reco8nised 8alns or losses other than the results for the year as set out above. All actlvltles of the charity are classed 35 continulng. The notes on page5 22 to 32 form part of these accounts. 191Page
FIVE CHILDREN AND FAMILIES TRUST LTD Balance Sheet 31st March 2025 Notes 2025 2024 Fixed assets Tan8ible assets io 122,066 168,219 Current assets Debtors Cash at bank and in hand li 52,121 812,977 93,183 323,160 865,098 416,343 Credltors Amounts falling due wlthln one year 12 {39,058) 1111,682) Net current Illabllltles)lassets 826,040 304,661 Total assets less current Ilabllttles 948,106 472,880 Credltors Amounts fallin8 due in greaterthan one year 13 16,8611 (16,513) 941,245 4S6,367 Funds Unrestrlcted funds General fvnds 17 439,496 385,317 Restrlcled funds 18 501,749 71,050 Total fvnds 19 941,245 456,367 The accounts on pages 18 to 32 were approved by the trustees and authori5ed for1$5ue on 24 December 2025 and slgned on their behalf by'.- Mord Trustee Company Registration Number.. 4241965 The notes on pages 22 to 32 form part of these accounts. 20IPage
FIVE CHILDREN AND FAMILIES TRUST LTD Statement of Cash Flows for the year ended 31st March 2025 Notes 2025 2024 Cash flow from operatlng artlvltles 22 503,765 104,939 Cash flow from Investlng artlvltles Payments to acquire tangible flxed assets 13,300) 122.0101 Net cash flow from Investin8 a¢tlvlties 13,300) (22.010) Ca$h flow from financing activitles Repayments of loans Interest pald 19,3981 11,2501 (10,0581 11,250) Net c•$h ftow from finandn8 artlvltles {10,648} 111,308) Change In cash and cash equlvalents In the vear endlng 31$t Marth 2025 489,817 71,621 Cash and cash equlvalents a$ at 1st Aprll 2024 323,160 251,539 Cash and ¢a$h •qulvalents as at 31st March 2025 812,977 323,160 211Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Summary of slgnlficant a¢¢ountlng pollcles (a) General Informatlon and basls of preparatlon Five Children and Families Trust Is a company Ilmited by guarantee and a registered charity In the United Kingdom, In the event of the charity being wound up, the liablllty in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity informatlon on page I of these financial statements. The nature of the charitvs operations and principal activities are set out in the Trustee5' Report on page 2. The charity con5tltutes a publlc beneflt entity as defined by FRS 102. The flnancial slatements have been prepared in accordance with Accountlng and Reporting by Charlties: Statement of Recommended Practlce applicable to charitles preparing thelr accounts In accordance with the Flnanclal Reporting Standard appllcable in the UK and Republlc of Ireland issued In October 2019, the Financial Reportlng Standard applicable in the United Kin8dom and Republic of Ireland IFRS 1021, the Companies Act 2006 and UK Generally Accepted Accountln8 Practice. The financlal statements are prepared on a golng concern basi5 under the historical cost convention. The tlnancial statements are prepared in Sterling which 15 the functlonal currency of the charity and rounded to the nearest £1. The si8nlflcant accountln8 poll¢ies applied in the preparatlon of these financlal statements are set out below. These policles have been conslstently applled to all years presented unless otherwlse stated. Ib) Funds Unrestricted funds are available for use at the dlscretion of the trustees in furtherance of the general objectives of the charity. In some instances these funds are desl8nated by the trustees for specific purposes. Restrlrted funds are funds which are to be used in accordance wlth speclfic restrlctlons imposed by donors or whlch have been raised by the charlty for partlcular purposes. The cost of raising and admlnisterlng such funds are char8ed agalnst the specific fund. The alm and use of each restrlcted fund is set out in the notes to the financlal statements. (¢) Income r•¢o8nltlon All incomln8 resources are Included In the Statement of Financial Artlvitles ISOFAI when the charity is le8allv entltled to the Income after any performance condltions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be retognised the charity will have been notified of the amounts and the settlement date in writin8. If there are conditions attached to the donatlon and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time In line wlth the SORP {FRS 1021. Further detail is given in the Trustees, Annual Report. 221Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Summary of si8nfflcant accountlng pollcles (contlnuedl (c) In¢ome reco8nltlon (contlnued) Income from charltsble activities Includes Income received under contract or where entitlement to grant funding is subject to special performance conditions and is recognised as earned as the related services are provided. Grant income included In this category provides funding to support performance activities and is recognised when there is entitlement, certainty of receipt and the amounts can be measured with sufficient reliability. Investment Income is earned throu8h holding assets for investment purposes such as bank deposits. It essentially Includes Interest whlch is recognlsed usln8 the effective Interest method. Id) Expendtture recognttlon All expenditure is accounted for on an accruals ba515 and has been classified under headlngs that aggregate all costs related to the category, Expenditure is recognised where there is a legal or constructlve obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured rellably. It Is cate8orised under the followin8 headln8s: Expendlture on charltable actlvltle5 Includes expendlture for runnln8 the Chlldren Centre and artlvitles provlded thereln. Irrecoverable VAT Is charged as an expense agalnst the act5vity for which expenditure arose. le) Support costs allocatlon Support costs are those that assist the work of the charlty but do not dlrectly represent charitable actlvities and Include office costs, 8overnance costs and admlnistrative payroll costs. They are incurred dlrectly In support of expenditure on the objects of the charity and include project mana8ement carrled out at the Chlldren's Centre. Where support costs cannot be directly attributed to partlcular headin8S they have been allocated to expenditure on charitable actlvitles on a basis consistent with the use of the resources. The analysis of these costsls included In note S. (fj T•nslble Ilxed assets Tanglble fixed assets are stated at cost {or deemed cost) or valuatlon less accumulated depreclatlon and accumulated impairment1055es. Cost Includes costs dirertly attributable to maklng the asset capable of operating as intended. Depreciation is provlded on all tangible fixed assets, at rates calculated to wrlte off the cost,1È55 estimated residual value. of each asset on a systematic basis over its experted useful life as follows: Building improvements Flxtures and flttin8S IO% per annum 25% per annum 18) Investments Investments are recognised at fair value which Is normally the transaction price excluding transaction costs. less impairment. 231Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Summary of slgnlflcant ac¢ountlng pollcles (contlnued) (h) Debtors and creditors re¢elvable / payable wlthln one year Debtors and creditors wlth no stated interest rate and recelvable or payable wlthln one year are recorded at transaction price. Any losses arising from impairment are reco8nised in expendlture. (i) Loans and borrowlng$ Loans and borrowings are initially reco8nised at the transaction price including transaction tosts. Subsequently, they are measured at amortised cost usin8 the effective interest rate method, less Impairment. If an arrangement constitutes a finance transaction It is measured at present value. U) Impalrment Assets not measured at falr value are revlewed for any Indlcallon that the asset may be Impalred at each balance sheet date. If such Indication exists. the recoverable amount of the asset, or the asset's cash generating unit, is estlmated and compared to the carrySng amount. Where the carrylnB amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss Is a revaluatlon decrease. Ik) Lea$e$ Rentals payable and receSvable under operatin8 leases are charged to the SOFA on a stral8ht Ilne basis over the perlod of the lease. (l) Employee ben•ffts When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount experted to be paid in exchan8e for that serrflce. The charlty operaies a deflned contributlon plan for the beneflt of its employees. Contrlbutlons are expensed as they become payable. (m) Tax The charity 15 an exempt charity wlthin the meaning of schedule 3 of the Charlttes Act 2011 and Is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. (n) Goln8 ¢on¢ern The flnancial statements have been prepared on a 8olng concern basis as the trustees believe that no material uncertalntles exlst. The trustees have considered the level of funds held and the expected level of Income and expenditure for 12 months from authorlsing these financial statements. The budgeted Income and expenditure is suffi'cient with the level of reser4es for the charlty to be able to continue as a going concern. 241Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Income from donatlons and leia¢les Unrestrlrted funds Restrlcted funds Total 2025 Total 2014 Donations and other sundry income 7,892 7,892 8,448 The Income In 2024 was attrlbuted to unrestricted funds. Income from charltable artlvltles Unrestricted funds Restrlcted fund$ Total 2025 Total 2024 Chlldren's Centres - Llverpool Clty Councll Nursery income Lettin8 of Centre Health and wellbeing Kids Club Other 377,562 377.562 1,160,141 44,103 309,952 261,700 129,609 383,937 1,135,799 41,370 115,027 95,234 29,026 1,160,141 44,103 309,952 261,7rJ) 49,607 80,¢)02 1,284,246 998,821 2.283,067 1,800,393 £498,964 of the above income in 2024 was attributed to restricted funds and £1,301,429 of the above income in 2024 was attributed to unrestricted funds. 251Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Analysls of expendlture on charftable artivitles Dlrert Support costs Total 2025 Total 2024 Children's Centres Nursery Health and wellbein8 Building and support Kids Club Other 310,833 922,623 106,885 81,152 54,633 95,608 66,729 122,647 14,210 10,788 7,263 12,710 377.562 1,045,270 121,095 91,940 61,896 108,318 523,786 972,163 145,143 77,600 7,178 17,898 1,571,734 234,347 1,806,081 1,743,768 £636,495 12024 £629,210) of the above costs were attributed to restricted funds and £1,169,586 12024 £1,114,558) of the above costs were attributed to unrestrSrted funds, Support costs Total 2025 Total 2024 Premises costs Depreciation Office costs Legal and professional Information technology Other Governance costs (note 61 144,665 49,453 24,188 4,794 138 519 10,590 115,516 47,828 13,786 6,392 565 8,202 9,263 234.347 201,552 Governance costs Tolal 202S Tolal 2024 Fees payable to the charlV$ audltor (and its associates) for the audlt of the charitv's annual accounts 10.590 9,263 Net Incomln81(outGolnB)resources for the year Total 202S Total 2024 Thls Is stated after charging: Depreclation Audit fee 49,453 10,590 47,828 9,263 261Pa8e
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 Staff costs and numbers Total 2025 Total 2024 Salaries and wages Social security costs Other pension costs 1,269,656 92,436 34,590 1,138,359 70,432 30,165 1,396,682 1,238,956 There are no employees eamlng at the rate of £60,000 or more per annum. The average weekly number of employees durln8 the year, was as follows',- 2025 Number 2024 Number Total 68 69 Trurtees. and key management The trustees received remuneration during the year totalling £Nil12024 - £Nil). No expenses (2024 - £Nill were reimbursed to any trustees (2024 - £Nill durin8 the year. The total amount of employee benefits recelved by key management personnel Is £250,429 (2024 £239,259). The charlty conslders Its key management personnel to comprlse the Pro8ramme Director, Deputy Chlldren's Centre Manager, Building Manager and Team Leader, the Finance Manager and two Nursery Managers. 10. Tan8lble fixed assets BulldlnB Improvements Flxtures and equlpment Total Cost At 1st April 2024 Additlons 539,494 156,199 3,300 695,693 3,300 31st March 2025 539,494 159,499 698,993 Depreclatlon At 1st Aprll 2024 Charge for the year 387,692 43,109 139,782 6.344 527.474 49,453 At 31st March 2025 430,801 146,126 576,927 Net book value At 31st March 2025 108,693 13,373 122,066 At 31st March 2024 151,802 16,417 168,219 271Pa8e
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 11. Debtors 2025 2024 Trade debtors 52,121 93,183 12. Credltors: Amounts fallln8 due wfthln one year 2025 2024 8ank loan Trade Credltors Accruals and deferred income 10,352 5,969 22,737 10,098 17,934 83,650 39,058 111,682 13. Credltors: Amounts lallln8 due after more than one ar 2025 2024 Bank loan 6,861 16,513 The charlty took out a loan from 8arclay5 Bank plc under the terms of the Covld Bounce Back loan scheme. The loan Is unsecured, is repayable by October 2026 and interest is currently char8ed at 2.5% per annum. 14. Maturfty of debt Credltors include finance capltal whlch Is due for repayment as follows:. 2025 2024 Amounts repayable:. In one year or less or on demand In more than one year but not more than two years In two to flve years 10,352 6,861 10,098 10,353 6,160 17.213 26,611 281page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 15. Capitsl commltments There were no capital commitments at 31st March 2025 and 31st March 2024. 16. Members, Ilabillty The company is Ilmlted by 8uarantee and has no share capital. Every memberof the Assoclation undertakes to contrlbute to the asset5 of the company, in the event of being wound up while he or she Is a member or within one year of ceasing to be a member for debts and Ilabilltles of the company contrarted before he or she ceases to be a member, such amount as may be requlred not exceedlng £1. 17. Unrestrlcted funds Asat 01.04.24 Asat 31.03.25 Income Expendlture Transfers General fund 385,317 1,292,138 11,169,586) {68,3731 439,496 Comparative Information In respert of the precedSng period is as follows:. Asat 01.04.23 Asat 31.03.24 Income Expendlture Transfers General fund 189,998 1,309.877 11,114,558) 385,317 18. Restrlrted funds Asat 01.04.24 Income Expendlture Transfers 31.03.25 Chlldren's centre 8rants: Chlldren's centre Uverpool City Councll Garston centre Liverpool City Councll 367,192 (367,1921 10,370 110.3701 Nutsery grants: Liverpool City Councll Capital Grant 2 Bambinis Family Hub 27,627 43,423 124.0001 (104.6081 {80,718} 68,373 72.000 200.515 229,234 261,700 3¢)9,952 Sundry grants: Liverpool City Council Projects 49,607 149.607) 71,050 998,821 {636.495) 68,373 501,749 291Page
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 18. Restrlrted fvnds Icontlnuedl Comparatlve Information in respert of the precedin8 perlodls as follows:. Asat 01.04.23 Asat 31.03.24 Income Expendlture Chlldren's centre grants: Children's centre - Liverpool City Counc51 Garston centre - Llverpool City Councll 345,174 1345,1741 15.097 115,097) Nursery grants: Liverpool Clty Councll Capltal Grant 2 Bambinis Youth Consortlum 61,86S 40.281 134.238) 192,091) 143,460) 27,627 43,423 95,233 43,460 Sundry irants: Liverpool Clty Councll Projects 99,150 {99,150) 201,296 498,964 {629,210) 71,050 Chlldren's Centres- Llverpool Clty Councll Thls project Is funded by the Government through Local Authorltles and can only be used for Chlldren's Centre Servlces as defined and a8reed wlth the Local Authority/Government under a Servlce Level A8reement. Uverpool Clty Coun¢ll Caplt•l Grant 2 Liverpool Cty Council awarded a 8rant for the restrurture and expanslon of the Nursery. The major works were completed In 2017118. 8amblnls Bambinis is a communlty led Inltlative worklng to support women to initiate and sustaln brea5tfeedlng. The charlty receives fundin8 through a service level agreement wlth Llverpool City Councll to deliver th15 cltywide service operatln8 throu8h Liverpool Women's H05Pital Trust and Liverpool Chlldren Centres. Famlly Hub The Family hub programme offers support to families In a communlty based group from conception up to 19 years of a8e, Sundry grants Llverpool City Councll have provided 8rants to 5UPPOrt a number of inltlatlves to support youn8 people. 30IPage
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 19. Analysls of fiet assets between lunds Unrestrlcted Funds Restrlrted Funds Total Funds Tangible fixed assets Net current assets Credltor5 due after one year 50,066 396,291 16,8611 72,000 429,749 122,066 826.040 (6,861) Net assets at 31st March 2025 439,496 501,749 941,245 Comparative information in respect of the preceding period is as follows:. Unrestrlcted Funds Restrlrted Fund$ Total Funds Tan8ible fixed assets Net current a55et5 Creditors due after one year 140,592 261,238 {16,5131 27,627 43,423 168,219 304,661 116,5131 Net assets at 31st Mar¢h 2025 385,317 71,050 456,367 20. Related party transactlons There are no related party transactlons other than those referred to In note 9 to the accounts. 21. Pen$lon costs The employers, contribut5ons into the individual pension plans of certain employees amounted to £34,590 {2024 £30.165) and the amount unpaid and included in credltors at 31st March 202S was £Nil (2024 £NIII. 22. Reconclllatlon of net Incomel{expendlture) to net ash flow from Operatlni actlvftles Tolal 2025 Total 2024 Net Incomel(expendlture) for the year 484,878 65,073 Depreclation charges Interest payable Decrease / Ilncrease) In debtors Increase / (decrease) In creditors 49.453 1,250 41,062 172,8781 47,828 1,250 {35,7121 9,442 Net cash flow from operat5ng a¢tivities 503,765 104,939 311Pa8e
FIVE CHILDREN AND FAMILIES TRUST LTD Notes to the Accounts Year ended 31st March 2025 23. Analysls of net debt At l Aprfl 2024 Nonrfash movements At 31 Mar¢h 2025 Cash flows Cash at bank Cash in hand 322,724 436 488,385 1,432 811,109 1,868 323,160 {10,0981 {16,5131 489,817 9,398 812,977 {10,352) {6,861) Debt due within one year Debt due after more than one year 19,6521 9,652 296,549 499,215 795,764 321Pa8e