Child Brain Injury Trust 202312024 Annual report and Accounts www.childbraininjurytrust,org.uk Field View, Baynards Green Farm Trading Estate, Baynards Green,'Nr Bicester, Oxfordshire, OX27 7SR Registered Charlty No. 11133261 A Charity Registered in Scotland SC 039703 Co House: 05738517
Trustees: Registered Office: Mr Terry Burt (Chair) - retired4th November 2023 Mr Stephen O'Neill (Treasurer& Chair from 4th November 2023) Mr Andrew Caudell Mrs Inez Brown (stood down 4th November2023) Mr Christopher Owen Mr Christopher Beynon Professor L Kaplin Dr C Demarchi (appointed20th July 2023) Mrs BeverLey Buck Ms Kate Hudson (L7ppointed 8th February2024) 3 Field View Baynards Green Farm Trading Estate Bicester Oxfordshire OX27 7SR Auditor: DSA Prospect Audit Limited 1st FLoor, l Des Rouches Square Witan Way Witney Oxfordshire OX28 4BE Bankers: The Co-operative Bank 13 New Road Oxford OXI ILG CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ Secretary= Stephanie Bremner Chief Executive Officer: Lisa Turan
01 Welcome 04 Chairman &- CEO introduction 05 Public benefit 09 Brain Injury Service, Impact & Fundraising Structure, Governance and management 26 33 2023124 Accounts
Welcome to our annual report for the year ending March 2024. We hope you enjoy reading about our achievements and progress. The Child Brain Injury Trust ICBIT) was estabLished with a mission to provide support, assistance, and advocacy for families, children and young people who have been impacted by childhood acquired brain injury (ABI). CBIT was founded by individuals who had professional experience of the chaLlenges and impact that ABI has on families. Their coLlective conviction was that the quality of care and support for these families could be significantLy improved, thus significantly improving outcomes forthem. Our core purpose is to support families who are impacted by chiLdhood ABI, and this revolves around three central themes: l. Early Diagnosis: Ensuring that every child with a brain injury receives an early and accurate diagnosis. 2. Appropriate access to services: Ensuring that every child receives the treatment and support they require for their development. 3. HoListic Support: Ensuring that children and their families receive the necessary support to cope with the emotional and practical challenges posed by brain injuries. Our value5 guide our approach: Compassion Integrity Innovation Reflection
-.val no Integrity Compassion We believe in honesty, profes5ionaLism, and transparency. We place the needs of families at the centre of our work. Innovation Reflection We seek to adapt and create new ways of working to engage families. We seek feedback and strive to keep Learning to ensure we are continuaLLy able to respond and improve our work.
Charitable Objects and Activitles The Child Brain Injury Trust is a registered charity and is regulated by the Charity Commission (England and Wales) and OSCR in Scotland. The charity is a Company Limited by Guarantee and reports to Companies House in this respect separately. Charities existto provide'explicit public benefit, for Society as a whole and as such the Objects of the charity should reflect this and state: 'THE RELIEF OF BRAIN JNJURED CHILDREN AND THEIR FAMILIES BY PROVIDING TREATMENT, SUPPORT AND REHABILITATION, PROMOTING RESEARCH INTOTHE CAUSES AND TREATMENT OF BRAIN INJURIES, ADVANCING PUBLIC KNOWLEDGE AND UNDERSTANDING OF BRAIN INJURIES TO CHILDREN AND IN SUCH OTHER WAYS ASTHE TRUSTEES THINK FIT,
2023124 was the third year of our 3 year strategic plan post the pandemic. It was a successfulyear as we increased our p051tion as the leading charity in our sector, which is something that we couldnt have done alone. We continued to develop our holistic brain injury service, focussing on reaching more families and creating a greater impact. We supported over 1,000 families this year, in h05Pltals and across our communities, delivering a full support service including trauma- based coun5elling services. Our supporter5 attended and or hosted a full calendar of fundraising activities, including ourfirst ever crowd funding campaign resulting in a magnificent £55,000 donated by a wide network of supporters. We appointed a new Fundraising Coordinatorto enhance our fundraising efforts and an ABI Coordinator in Scotland to strengthen our support services in that region. These appointments are part of our ongoing commitment to expanding and improving our services. Stephen O'NeiLI- Chairman In November 2023, our Chairman Terry Burt stepped down after serving 15 years leading the trustees and our strategic direction. We are extremely grateful to Terry for his huge contribution to CBIT. We welcomed Stephen O'Neill as our new Chairman in November 2023, having served as ourTreasurerfor several years, Stephen's experience and dedication to CBIT will guide us through the next phase of our strategic joumey. We recognise that our greatest asset is the people we work with and for. They inspire the Trust's ongoing efforts to enhance our services. Ensuring the wellbeing and happiness of our team has been a priority this year. Communication has been open and transparent, and the Leaders of CBIT are incredibly proucl of their team and their achievements. Ourteam continues to be committed and dedicated, led by our values and passion to serve. Lisa Turan - CEO Families affected by brain injuries encounter multifaceted challenges, spanning hospital care, educational support, and community assistance. Our comprehensive 5UPPOrtframework aims to empower families to attain optimal outcomes. However, it is evident that our current outreach onLy engage5 a fraction of the families in need annually. Substantial additional funding is imperative to extend our support network and amplify our impact. Expanding our reach is pivotal. To address the escalating demand, necessitating enhanced backing from the UK Government. phiLanthropic organisations. and the National Health Service INHS) to realise our objectives. We express profound gratitude for the support from our dedicated community of supporters. Throughout the year, they orchestrated and engaged in various fundraising initiatives, notably the esteemed Agloha event and our inaugural Be You Ball ceremony ceLebrating family accomplishments. The pivotal grants from foundation5 and trusts have been instrumental in facilitating the delivery of our services nationwide. Their contributions, coupled with our revenue-generating endeavours, have left a profound mark. Looking ahead to 2024125, we are poised to embark on a new five-year strategic blueprint aimed at propelling CBIT'S growth 30%. While our aspirations are bold, we are confident in our readiness to expand into a Larger entity, secure adequate funding, enhance our governance acumen, and fortify our infrastructure to exiend support to more families, particularly those in underserved regions, bridging critical gaps to foster their full potential.
Acquired brain injury (ABI) is a significant public health concern, as it can have long- lasting and profound effects on the lives of children and young people. Over 40,000 children are affected each year. Addressing the needs of this population can yield numerou5 public benefit5, including: Improved Quality of Life: By providing support services for families, children and young people with acquired brain injuries, their overall quality of life can be enhanced. This can include emotional and practical support, counseLling, and educational support to help them regain lost skills and adapt to their new circumstances. Reduced Healthcare Costs: Investing in earLy intervention and comprehensive support can help reduce the long-term healthcare costs associated with brain injuries. Preventing complications and optimising recovery can Lower the need for ongoing medical care and reduce the burden on the healthcare system. Enhanced Educational Opportunities: Many children and young peopLe with acquired brain injuries face chaLlenges in their educational journey. Public benefit can be realised through the provision of special education services, individualised learning pLans, and accommodations that alLow them to continue their education and reach their fu LL potential. Increased Partlcipation: When children and young people with acquired brain injuries receive appropriate support they are more likely to become participative members of society. This can include entering the workforce, pursuing higher education, and contributing to their communities. Social Inclusion: Promoting the weLI-being of individuals with acquired brain injuries fosters a more inclusive and compassionate society. By raising awareness and reducing stigma, we create a more accepting environment that encourages social integration and participation. This in turn reduces isolation. Family Support: Supporting children and young people with acquired brain injuries also benefits their families. Access to resources, respite care, and emotional support can alleviate the stress and chalLenges that famiLies often face when caring for a Loved one with a brain injury. Long-Term Cost Savings: While there are costs associated with providing care and support for individuals with acquired brain injuries, the long-term savings from reduced healthcare utiLisation, improved educational outcomes, and increased productivity can outweigh these initial expenses. Public benefit includes improving quality of life, reducing healthcare costs, increasing participation, and creating an inclusive and compassionate society.
,STRATEGIC GOALS To ensure families affected by chiLdhood ABI have access to brain injury support services and information. To create active ABI aware communities across the UK. To create a positive impact for alL families affected by chiLdhood ABI. To ensure family voices are heard and issues raised are advocated for across the UK. To work at a national, regionaL, and local level with all sectors to create seamLess support for families and professionaLs. To ensure the Child Brain Injury Trust works effectiveLy, with shared values and has sufficient resources to futureproof its work.
Brain Injury Service Community Inclusion Educational Services Intervention Virtual Support 638 New referrals 463 Hospital visits 217 Awareness sessions 1,119 Counselling sessions 590 Families receiving support 68 Grants awarded
Brain injury service Early Intervention - CBIT provides support for famiLies in hospitals at the early stages of diagnosis and is well respected across the NHS, and has a unique perspective and understanding of family need, as well as coLlaboration across regional and national networks. Our ABI Coordinators are embedded within paediatric neuro-rehab and trauma teams both in hospital and in communities and are seen as an essential part of the of the rehabiLitation journey. From the moment a child is admitted to a hospital, an ABI Coordinator is at hand to support the whole family come to terms with what has happened and provide practical, social and emotionaL support. Each ABI Coordinator empLoyed is embedded within a hospital and works across communities. ABI Coordinators attend and contribute to clinical teams work with our unique perspective: Brain Injury Clinics Ward Rounds Goal PLanning Meetings Discharge Planning Meetings Child in Need meetings Trauma meetings RehabiLitation meetings Multi-Di5ciplinary Team Meetings As a charity, we pride ourselves on not onLy supporting families at the bedside, but are with them through theirjourney from PICU, HDU, Surgical and Rehab wards, and we stay with them on discharge right through to the transition into adult services. Across each site, hospitaL Trusts or Boards sign a Service Level Agreement that protects the charity's position on site, and the ability to provide a full service. Each family is provided with a family support guide that also includes information about our service and what support is available for them. Each year, an annual review is carried out to benchmark the impact that an ABI Coordinator and the charity has. During a recent hospital review, the trauma team were asked: "If you had a magic wand, what would you wish for?X¥ Their answer: "A CBIT Coordinator atthe bedside of every brain injured patient...
Brain injury service Communlty Inclusion- Our commitment to fostering community inclusion for children and famiLies affected by brain injury remains a cornerstone of our mission. Over the past year, we have made significant strides in ensuring that these famiLies receive the support they need to integrate fulLy into their communities, access essentiaL seniices, and Lead fuLfiLLing lives. ommuni Workshops d awareness CBIT has hosted awareness sessions across the UK, focusing on topics such as coping strategies, Legal rights, educational support, and sociaL inclusion. These sessions have been attended by families, educators, healthcare providers, and local community leaders. By equipping these stakehoLders with the knowledge and tools to support children with brain injuries, we are fostering more inclusive comrnunities. EogLSupport Hubs: Recognisi ng the importance of peer support, CBIT has estabLished local and virtual peer support groups across the regions. These groups provide a safe space for famiLies to share their chaLlenges and successes, receive emotional sUPPOrt, and exchange practicaL advice. The feedback from participants has been overwhelmingly positive, highlighting the importance of community and shared experiences in the journey of hope and adaptation. Advo ac and Polic Influence: CBIT continues to advocate for the rights and needs of children and their familie5 affected by brain injuries at both Local and national levels. This year, we successfully campaigned for the national Brain Injury Strategy and contributed to policy discussions aimed at improving access to healthcare seniices. Our advocacy efforts ensure that the voices of the families we support are heard and that they receive the recognition and resources they deserve.
Brain injury service Educational Services- We are dedicated to providing comprehensive educational services to support children with brain injuries and their families. Our initiatives focus on ensuring children receive the necessary resources and support to thrive academicalLy and socialLy. A highLight of our educationaL services incLudes the UCABI lunderstanding childhood acquired brain injury) workshops, which play a pivota( role in educating and empowering various stakeholders. UCABI Workshops: The UCABI Workshops have been a cornerstone of our educationaL services, offering in-depth training and resources to families, educators, heaLthcare professionaLs, and community members. This past year, we conducted 10 workshops across the UK, reaching over 400 participants. These workshops covered essential topics such as understanding acquired brain injury, strategies for acadernic support, and techniques for improving cognitive and behaviouraL outcomes. Individualised Educational Plans: We have developed and implemented individuaLised education plans (IEPs1 for many children with acquired brain injuries. These pLans are taiLored to meet each child's unique needs, ensuring they receive appropriate support and accommodations iii their educational environments. Our ABI team works closeLy with schools, parents, and heaLthcare providers to create and monitor these plans, resulting in improved academic performance and greater incLusion. Educational Resources.. CBIT developed a range of educational resources, inc(uding guides, toolkits, and digital content, to support children with brain injuries and their families. These resources are available on our website and have been accessed by many users. We continually update our materiaLs to refLect the latest research and best practices in brain injury education. Collaboration with Educational Institutions: We have established partnerships Wlth several educational institutions and universities to promote research and innovation in the field of brain injury education. These coLlaborations have led to the pubLicising of new educationaL strategies and tools that are being impLemented in schools across the country. "The UCABI Workshop was incredibly informative andgave us practical strategies to support ourson in school. The resources provided have been invaluable."_ Jane, parent of a child with an acquired brain injury. 'The training I received from CBIT has trcjnsformed my approach to tecJching. I feel much more confident in supporting my students with brain injuries." Emily, primary school teacher. 10
Brain injury service Virtual Support- Our virtuaL support services, including the CBIT in Hand app and our dedicated VirtuaL Support ABI coordinators, have been instrumentaL in supporting families that might not ordinariLy reach out for support. These digitaL and remote support resources ensure that families receive the assistance they need, no matter where they are. CBIT in Hand App- The CBIT in Hand app 15 an innovative digital platform designed to support families affected by childhood ABI. The app offers a range of features, incLuding: Personalised Resources: Tailored information and advice based on the specific needs of the child and famiLy. Interactive Tools: Features such as , appointment reminders, and progress Logs to heLp families manage their child's ABI effectively. Community Forum: A safe space for families to connect, share experiences, and offer support to one another. Emergency Assistance.. Quick access to emergency contacts and immediate support options. The Market Place: 77 new suppliers were added to the Market Place, meaning the Market Place has 121 supplier5 of specialist products and services availabLe for famiLies. Expansion and User Engagement: This year, we have focused on expanding the reach and functionality of the CBIT in Hand app. Key achievements include: User Growth: The app has seen a 35% increase in active users, with over 5,000 downloads across the UK. Enhanced Features: Based on user feedback, we have added new features such as a new information pages and a directory of local support services - The Market Place. Virtual ABI Coordinators: Our team of dedicated Virtual Support ABI coordinators provides individuaLised support for families online and over the phone. These coordinators play a crucial role in extending our reach and ensuring that families receive timely and eff ective assistance. Services provided by our ABI coordinators include: Individual Consultations: One-on-one session5 to discuss specific challenges and develop tailored support plans. Crisis Support: Immediate assistance for families facing urgent issues or emergencies. Ongoing Case Management: ReguLar follow-ups to monitor progress and adjust support plans as needed. Online Resource Library: CBIT has deveLoped a comprehensive online resource Library avaiLabLe through our website and the CBIT in Hand app. This Library incLudes: Guides and Fact Sheets: Easy-to-understand docurnents covering aLL aspects of childhood ABI. Webinar Recordings: Access to past webinars for those who cannot attend Live sessions. "Our family. The resources are incredibly helpful, and the community forum has connected us with others who understand what we're going through."_ Emma, parent of a child with ABI. 11
Brain injury service Collaboration - This year the Child Brain I njury Trust contributes to many strategic groups and boards across the NHS and Community & VoLuntary Sector. As a result of the nationaL networks that CBIT is part of we have contributed to significant advances and progress for families: National ChiLdren's Major Trauma Rehabilitation Network Scottish Trauma Network The Neurological Alliance The Northern Ireland Neurological Charities Alliance The Neurological Alliance of Scotland The WeLsh NeuroLogicaL AILiance National Paediatric Trauma Network Scottish Acquired Brain Injury Network North of ScotLand Trauma Network United Kingdom Acquired Brain Injury Forum IUKABIF) N- ABLES- National Acquired Brain Injury in Education Anchor Point International Paediatric Brain Injury Society Organising Committee Regional UKABIF Groups 12
OUTCOMES REDUCE ISOLATION Improved mental heaLth and welLbeing Enhanced social skiLIs Stronger support networks IMPROVE SELF CONFIDENCE Better decision making Improved resilience Lower stress and anxiety levels IMPROVE WELLBEING Improved positivity Improved energy Levels Higher self-esteem Greater sense of purpose 13
Advocacy and awareness Action for Brain Injury Week 2023, held in May focused on raising awareness of acquired brain injury across the whoLe of the UK. Our message this year was to talk about the fact that 'every 90 seconds, someone is admitted to hospitaL with a brain injury. We held a range of activities, both online and in-person, raising awareness of prevention and advocating on behalf of famiLies affected. We lit up municipal buildings across the UK to help highlight the campaign and produced a report based on the impact the campaign achieved. Every 90 soconds someone is adrnitied to hospital with an ABI (stoL. Heodwoy UK). -Ilab-rai Ouc of the hospiral referT81s we received i 2022-202& belowlsthe %frorn each regioTk EJ<A 21.37/. OF HOSPITAL REFEARALS IN 2022. 2023 WERE WITHIN TIIE MlllLArius HEGiriii Reglon In UK 3#~7441 liotlli WQ51 £1_ 7.8°." London Noitli tasr Thafle5Valiey 4?- 8DI¢. Sco-,land l7= J2< AD 50 14
Advocacy and awareness Glow Week was delivered in November and was another successful campaign where we highlight the need to keep safe during the darker months of the year. Supporters and colleagues came together to highlight the important message of 'be seen, not hurt., by wearing bright coLours when out and about. CHILD 8AAIN 15
Fundraising Our supporters truly excel, and it is their unwavering support that enables our service to assist thousands of families each year. We are deepLy grateful for those who coordinated and took part in numerous events and activities. your efforts are genuinely appreciated. &be gAving.-.J ni} fnlljn¢ jmw it nihonyCo!IiD5 4a¥Lw2T) Eurovision charity ev Boom Bang a Bang CHARITY jmw 16
Fundraising EVERY CHILD, cHIè"DREIl4VAQTEr0.,BV.llftIII IUES HELP TRANSFORM LIVES In January 2024 we launched our first crowdfunding campaign to raise vital funds forfamilies in need of support. Our aim was to fund 5,000 hours of support. Throughout January and February over 250 individuals, along with over 20 corporate supporters raised funds through events, activities and donations. The campaign raised an incredibLe £51,695. lid Braln Inlury cdA 17
Fundraising £31,667 18
Fundraising CHARLES STANLEY. SERIOUS Lees eetebrnte Fomities at our.- flelchers The Be You Ball celebrated families we sUPPOrt for their commitment and authenticity through their toughest times. Each of the 5 famiLie5 chosen for an award had embarked on a deepLy personaLjourney, filled with highs and lows, victories and setbacks-aLL whilst staying true to who they are. The event honoured these famiLies and celebrated all they have achieved. They continue to be an inspiration, a strength and the reason why CBIT exists. £60,256 Id lrtwy Yo 17
li Regional Fundraising Groups Our thanks to our highly regarded and much appreciated regional corporate fundraising groups. Each group has a unique and creative way of working and coLLaborativeLy, they achieve great things. Together they have raised an amazing £73,657 for our work, thus making a huge diff erence. The value of the groups extends beyond the wonderfulfundraising they achieve, to the informal networks they have created, furthering the work we alL do supporting families affected by acquired brain injury. London £12,322 Birmingham £30,454 Manchester £30,881 , For Your Help,.. Support 18
Support from Trusts and Foundations Adobe Foundation Addenbrooke's Charitable Trust Alice Ellen Cooper Dean Charitable Trust Birmingham District Nursing Charitable Trust Cambridge Community Foundation Community Foundation forTyne & Wear Eveson Charitable Trust Garfield Weston Foundation H Shawdon Charitable Trust James Tudor Charitable Trust James Weir Foundation John James Bristol Foundation Kent Community Foundation Medicash Foundation Newcastle Hospitals Charity Peter Stebbing Foundation P F Charitable Trust PiLkington Charities Fund Shears Foundation Grant Sir George Martin Trust Sir JuLes Thorn CharitabLe Trust Souter Charitable Trust The Anne &John Walters Charitable Trust The Bally Thomas Charity The BasiL Samuel Charitable Trust The Bouttell Bequest The CLothworkers Foundation The Hutchinson Charitable Trust The Jane Hodge Foundation The Marie Celeste Samaritan Society of the Royal London Hospital The Weinstock Fund Thank you to all the national, regional and local community Trusts and Foundations who supported us to change families) lives, ..and to those Trusts and Foundations who wish to remain anonymous 19
"pp8Yt 5eFvrce ILSSI 131 Legal support :. enquiries Our LegaL Support Service supports chiLdren and their famiLies who have experienced brain injuries in various ways through its legal support service. During 2023/24 we conti nued to work with trusted partners from specialised legal firms providing vital legal support and funding for the charity. Funding received through this important programme provides ongoing support for families who are not able to access legal cLaims. However all famiLies are able to access legaL advice and support if appropriate: Legal Advice: CBIT can provide legal advice to families to help them understand their rights and options regarding the brain injury. This may include advice on potential legal claims, insurance coverage, and relevant laws and regulations. Navlgating the Legal Process: Brain injuries can often involve complex Legal processes, especiaLLy if they result from accidents or medical negligence. CBIT can guide families through the legal system, helping them understand the step5 involved and providing support throughout the process. Resource Referrals: CBIT can connect families with other resources, such as medical experts, rehabilitation services, and support groups, to assist in the overaLL care and recovery of the chiLd with a brain injury. Emotional Support: Coping with a brain injury can be emotionally challenging for families. CBIT'S legal support service may offer emotional support and counselling to heLp families navigate the emotional aspects of their situation. Education and Information: CBIT provides famiLies with educational materiaLs and i nformation reLated to brain injuries, legal rights, and available support services to empower them with knowledge. Financial Assistsnce: In some cases, CBIT may help families access financial assistance or compensation, particuLarLy if the brain injury resulted from a preventable accident or cLinicaL negligence. 20
Partners in rehabilitation The Child Brain Injury Rehabilitation Service (CBIRS) and the charity embarked on an excitingjoint venture aimed at fostering innovation and excellence in paediatric brain injury rehabilitation in 2017. This collaborative effort brings together CBIRS'S unparalleled expertise in paediatric neurological care and CBIT'S determination to create better outcomes forfamilies. By combining forces, we aspire to develop rehabilitation programmes tailored specifically to the unique needs of young patients recovering from brain injury. Together, CBIRS and CBIT focus to make signif icant strides in advancing the field of paediatric brain injury rehabilitation and making a lasting impact on the weLI-being of young patients and theirfamilies. Key to the success of the venture are ourjoint values and placing families at the centre of our partnership. We are extremely grateful for all the support Bush & Co and the Law firms provide who instruct them. Bush & co donated £36,315.39 to CBIT during 2023124. Pl¥i:.L" 21
FUTUR¢ Community Inclugion Educational Services Virtual Support Intervention In our pursuit of a brighter future for children and families affected by acquired brain injuries, we are aboutto embark on a new 5 year strategic plan to scale our service provision to reach a greater number of families to help them navigate their futures with confidence, knowing that CBIT is a scaffolding of support throughout their child's development. As we Look ahead, our focus will be to elevate families and enrich futures, meaning that famiLy need is at the centre of our mission. We aim to extend our support networkto encompass even more communities, ensuring that every child and family in need has access to our comprehensive services, regardless of their geographicaL, economical or cultural situation. This expansion will be underpinned by a dedication to innovation, as we continually seek out and implement cutting-edge approaches to early intervention, education, and community incLusion. Moreover, in the coming years, CBIT will continue to champion coLLaboration and advocacy as cornerstones of our mission. We are resolute in our commitment to drive forward initiatives that enhance our understanding of paediatric brain injuries, leading to more effective interventions. Simultaneously, we will vigorously advocate for the rights and needs of children with brain injuries, both at a policy LeveL and within the broader community, ensuring that family voices are heard and their challenges are addressed. Through these combined efforts, the ChiLd Brain Injury Trust is poised to transform and shape a future where children and families facing life after brain injury are met with our committed service of support, care, and opportunities for growth. 22
STRUCTURE, GOVERNANCE AND MANAGEMENT The Chief Executive Officer has delegated powers from the Board to manage the organisation's workforce. The Child Brain Injury Trust supports equal opportunities, incLusion and diversity and has a policy of recruitment and promotion based on vaLues, aptitude, and ability without discrimination. We ensure that appropriate support mechanisms are in place in terms of counselLing, coachin& and mentoring- especially important for ourfront-line operational team. The charity empLoys a team of 42 working across the UK. The charity is led by our experienced CEO who ha5 dedicated 21 years to the cause, and she is supported by a dedicated Leadership Team. There is a vibrant Management Team who take responsibility for implementing the operational business plan through the different areas of work; finance, administration, HR, fundraising, service delivery, information, learning, commercial partnerships, and marketing. The whole workforce are highly experienced, excel to achieve and are committed to their work. they receive a full induction (when joining), support, supervision, and an annual appraisal to ensure we continuously develop. The team are encouraged to provide feedback and to undertake reflective practice. Our workforce is our main asset and we invest in them because we want our team to feel wholly valued and to achieve success for the famiLies we serve. Our values and culture are extremely important and the charity is Led through a vaLues led Leadership model. We are committed to equaLity, diversity and inclusion and reflect this in the way we work, the way we engage with stakehoLders and the way we deLiver our services. 23
STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees are appointed with a view to providing the Child Brain InjuryTrust with a range of skills required to provide effective governance and oversight. Trustees form a vital part of the charity, and it is important to ensure we are represented incLusiveLy and appropriately. We aim to appoint individuals who bring experience and knowledge of all aspects of our work including those from the NHS, people involved in the care of children with head injuries, psychologists, soLicitors specialising in brain injury, business people, individuals with lived experience and those who have expertise in finance, H R, rnarketing, and accountancy. Trustees are elected for a term of office of three years, after which they may stand for election again for a further term. Trustees may resign at anytime. We do not have a formaL scheme for training new Trustees however all new appointees take part in an induction programme which incLudes shadowing opportunities to ensure they are fully aware of both their governance responsibilities and knowledge of the organisation. Further support is offered in the form of a mentoring system for new Trustees. Trustee5 meet once a quarter to discuss the work of the charity to ensure we are meeting our strategic goals and compliant with all aspetts of charity law. The meetings are a formal way of reviewing our work, managing risks, and achieving our mission. It is also an opportunityto share success and to identify areas for improvemenL Finance Subgroup- The responsibility of the Finance Subgroup is to review and.monitor tbe financial position of the organi5ation, to approve the annual budget, to review management accounts, to sign off accounts and make materiaLfinancial decisions. The group oversee financiaL procedure5, including the salary structure for aLL staff. Trading Subgroup- The Trading Subgroup provide support and guidance for all trading activities. This ensures all activities are within our charitable objectives and refLect our values. They agree new initiatives, evaLuate viability and act as a sounding board. Our focus for the past year has been the Legal Support Service and launching the Market Place our new initiative that WILI be positioned within CBIT in Hand and is hoped it WILL bring much needed funds to support the ongoing and development costs of the app. They have also been instrumental in the development of CBIRS (ourJV). Income Generation Subgroup" was initially created to support the merging of the fundraising and marketing departments, to provide support and guidance. The key objective is to ensure we are brand and income focused. Brain Injury Service Subgroup- focusses on the deveLopment and growth of our brain injury seNice. Including due diLigence, safeguarding. The subgroup supports the Head of Brain Injury Services. 24
STRUCTURE, GOVERNANCE AND MANAGEMENT Reserves Policy The reserves policy of the Trustees is to aim at a situation where the Child Brain Injury Trust has reserves that will allow It to meet its core costs for nine months. In 2022-23 our reserves were above our upper level as defined by the charity's Reserve Policy. This had been intended as a way of supporting Strategic investments in charitable activities incLuding support and infrastructure. Trustees confirmed that they were comfortable wlth the present Level of reserve5. recognising both the ongoing uncertain financial climate and the medium-term pLans produced by the CEO for investment to deliver our commitment to raise the base level of saLaries. for the wider team to ensure they are paid within an acceptable wage band WILI be impLemented in 2024125. Rlsk Management A risk register is maintained to monitor actions required to mitigate potential adverse events. These include the risks regarding income targets, expenditure budgets, insufficient internal collaboration, and our relationship with key opinion formers. Risks are evaluated by the leadership team and Scored for likelihood, impact and to make sure mitigating controls are put in place. The Chief Executive and Head of Finance attend the Finance Sub Group for regular reviews to assess risk across aLL areas of our work. Trustees assess risk based on the infomiation reviewed at trustee meetings and sub groups. They scrutinise and investigate risks both short and medium term to ensure the charity is governed appropriately. 25
STRUCTURE, GOVERNANCE AND MANAGEMENT Safeguarding Safeguarding is key to ensuring that children and adults are protected from harm, abuse, and neglect. The safety and wellbeing of all children and adults supported by the charity is a priority. By following the key safeguarding principles, we can be sure that we are doing the best we can to protect vulnerable people from harm. All members of the charity, whether paid or voluntary hold enhanced safeguarding disclosure certificates and complete mandatory safeguarding training. The Head of Brain Injury Services holds the position of Designated Safeguarding Lead, and the Service Manager for Early Intervention is the Deputy Safeguarding Lead. As part of the Brain Injury Service Sub-Group, all safeguarding risks are discussed and logged accordingly and escalated in line with the Child Brain Injury Trust Child Protection Policy and Procedure and Safeguarding Vulnerable Adults Policy and Procedure. Investments The charity has cash investments placed in a COIF account, with our bank the Coop Current Account and a Coop 14 Investment Account. To date there have been no special social, environmental, or ethical issues to consider. Pension The Child Brain Injury Trust operates a defined contribution pension Scheme, to which all eligible empLoyees are auto enrolled. Anyone who does not qualify automatically in this way may opt in to join. With effect from April 2021 the minimum Level of contributions required stayed at 8% of eligible earnings, of which the ChiLd Brain Injury Trust elects to pay half, rather than the rninirnum of 3%. The balance is paid by the empLoyee. 26
STRUCTURE, GOVERNANCE AND MANAGEMENT Complaints The charity has a formal complaints policy which can be requested at any time. We have not received any complaints during the year about our work or our fundraising approach. Fundraising practlce We have a clear Fundraising Policy, which is approved by the Board and reviewed regularly. Thi5 governs how we work with funders, and whilst we actively seek to work with external organisations and individuals to achieve our strategy, we recognise that it is vital that we maintain our independence and do not allow any external partnership to bring the reputation of our charity into disrepute. Our key principles of responsible fundraising are.. We have honest and open relationships with our donors. We retain our independence and avoid over reliance on one or more donors. We have robust processes for making decision5 about who we accept money from. We seek to be as cost effective as possible in developing sustainable fundraising income streams. We ensure our ROI (return on investment). We will adhere to all Fundraising Regulator Codes of Practice to ensure best practice, transparency and accountability and are governed by part11 of the Charities Act 1992. We are registered with the Fundraising Regulator. 27
TREASURERS REPORT Stephen O'Neill The year ending 31st March 2024, continues the strong growth, accelerating in the years beyond COVID. It remains a challenging environment with fundraising ever more competitive and the emergence of a more competitive landscape for the opportuntties to deliver 5eniices. The development and r*positioning of the Brain Injury Service, has continued throughout the year with a steady pace of development and recruitment forming solid foundations. The work to re-frame the LSS relationships into a 'panel' model continued with the tendering process due to start in Q2 of the next year. The development of the marketplace within CBIT In Hand and the CBIRS service also continued. The future pLans, to be outlined in the Strategy 24-29 document. continue this development path and the key income initiatives to secure greater. more long-term funding. The growth ambition remains to increase funding to £2.5m pa over this 5 years. The widening of the LS5 network of sUPPOrters, the deveLopment of strategic partners and major donors, maximisingtrust income and a second Crowdfunding initiative, remain key elements of this. The planned approach is ambitious and accelerates the growth path but is also prudent in continuing to match planned expenditure against commFtted funding. l am pleased to report that in 2023124, with the continuing enthusiasm and effort of our colleagues and supporter5 our income generation increased to £1.476m (a 14% increase on 20231241 whilst our cost base and investments were closely managed. The outturn continues to be a smalL deficit of £66k (reduced from £123k in 20231241 and was withirs plan and forecast. The investment in the re-positioning of the service will continue into 2024125, has been agreed by the Trustees in the budget and is supported by a continued strong free cash reserves position (£688k). The year saw a normal movement of people in and out of the organisation and the recruitment and development of critical skills and experience to support the pLans. SaLaries are a critical companenr of recruitment and retention, so a realistic pay adjustment was made and future increases will support the strategic aims but only be actioned with a parallel successful income generation. As Trustees, we are fulLy engaged with and support CBIT'S planned deveLopments and ability to grow support servicesto a widening number of children and families affected by acquired brain injuries. We have Gonfidence in the team's ability to retain and grow our partner, supporter and funder network. We also express our thanks to our corporate and individual supporters, with their ongoing commitment, engagement and contribution. Our confidence in the Leadership approach continues and through the Finance sub-committee of Trustees, we will closely monitor budget pLans and expenditure throughout 2024125 with a fuLI half-year budget review in November 2024. Sn conclusion, the Trustees congratulate and will continue to support the leadership team on their delivery against budget, realistic approach and clear decision-making. We are confident in the financial planning within the strategy and that financial management wlll continue to be vigilant and open. 28
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 , Th.e trustees who are also the directors of ChiLd Brain Injury Trust forthe purpose of company law, are responsible for preparing the Trustees, Report and the financial statements In accordance with applicabLe Law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trusteesto preparefinancial statementsfor each financiaLyear which give a true and fairview of the state of affairs of the charity and of the incoming resources and appLication of resources, including the income and expenditure, of the charitable company for that year. I n preparing these financial statement5, the trustees are required to: select suitable accounting policies and then appLy them conslstently. observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, Subject to any material departures disclosed and explained in the financial statements; and prepare the financiaL statements on thegoing concern basis unless it is inappropriate to presume that the charity wilL continue in operation. The trustees are re5pon5ible for keeping adequate accounting record5 that disclose wlth reasonable accuracy at any time the financial posttion of the charity and enable them to ensure that the financial statements comply with the Cornpanies Act2006, the Charitie5 and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (ScotLand) Regulations 2006 (as amended). They are a150 respcnslble for safeguarding the assets of the charity and hence fortaking rea50nabLe step5forthe prevention and detection of fraud and other irregularitie5. Statement as to disclosure of information to auditor5 so far as the trustees are aware, there is no relevant audit i nformation of which the charitable company's auditors are u naware, and each trustee has taken allthe steps that he or she ought to have taken as atrusteeldirector in orderto make himself or herself aware of any relevant audit information and to establish that the charitabLe Gompany'5 auditors are aware of that information. This report was approved by the board on And signed on its behalf by, stephen O'Neill Chairman 29
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 We have audited the financial statements of Child Brain Injury Trust Ithe 'charity) for the year ended 31 March 2024 which cornpri5e the statement of financial activities, the balance sheet and notes to the financial statements, including Significant accounting policies. The financial reporting frarnework that has been applied in'théir preparation is applicabLe law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting standard appLicabLe in the UK and Republic of Ireland Iunited Kingdom GeneraLLy Accepted Accounting Practice). In our opinion, the financiaL statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, 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, the Charities and Trustee Investment (Scotland) Act 2005 and regulaiion 8 of the Charities AcGounts (Scotland) Regulations 2006 las amended). Basis for oplnlon We conducted our audit in accordance with InternationaL Standards on Auditing IUKI IISA5 (UKI) and applicable law. Our responsibilities underthose standards are further described in the Auditor's responsibilities for the audlt of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlngto going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identified any material uncertainties reLating to events or conditions that, individuaLly or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of thetrustees with respectto going concern are described in the relevant sections of this report. 30
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 other information The other information comprises the information included in the annual rèport otherthan the financial statements and our auditor's report thereon. The trustees are responsible forthe other information contained within the annual report. Our opinion on the financial statements does not coverthe other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appear5 to be materially rnisstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this give5 rise to a material misstatement in the financial statement5 themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulation5 2008 and the Charities Accounts Iscotland) Regulations 2006 las amended) require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or sufficient and proper accounting records have not been kept; or we have not received all the information and expLanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustee5, who are also the director5 of the charity for the purpose of cornpany law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fairview. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either Intend to liquldate the charitable company orto cease operations, or have no realistic alternative but to do so. 31
STATEMENT OFTRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Audltor's responsibilities for the audlt of the financial statements We have been appointed as auditor under section 144 of the Chartties Act 2011 and section 44(11(c) of the Charities and Trustee Investment (Scotlandl Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonabLe assurance about whetherthe financiaL statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mi5Statement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularitles, Including fraud, is detailed below. Our approach to identifying and assessing the risks of material misstatement in respert of irreguLarities, including fraud and non-cornpLiance with laws and reguLations. was as follows: the engagement partner ensured that the engagement team collectiveLy had the appropriate competence, capabilitie5 and skiLls to identify or recognise non-compliance with appLicable laws and regulations. we Identified the laws and regulations applicabLe to the company through discussions with directors and other management, and from our commercial knowledge and experience of the aviation suppLy market. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements orthe operations of the company, including the Companies Act 2006, taxation Legislation and data protection, anti-bribery, employment, environmental (including Waste Electrical and ELectronic Equipment recycling IWEEE) Regulations 2013) and health and safety legislation. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legaL correspondence" and identified laws and regulations were communicated within the audit team regularLy and the team remained alert to instance5 of non-compliance throughout the audit. A further description of our responsibilities is availabLe on the Financial Reporting Council's website at.. https:Ilwww.frc.org.uklauditorsresponsibillties. This description forms part of our auditor's report. 32
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT This report is made solely to the company's members. as a body, in accordance with section 391 of the Companles Act 2014. Ourauditwork has been undertaken so thatwe might State to the company's members, those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibiLity to anyone otherthan the company and the companWs members as a body, for our audit work, for this report, or for the opinions we have formed. DSA Prospect Audit Limited First Floor Chartered Accountants l Des Roches Square Witan Way Statuto Witney OX28 4BE Q LL.,4C.,I DSA Prospect Audit Limited is eligible for appointment a5 auditor of the charity by virtue of its eLigibility for appointment as auditor of a company under section 1212 of the Companie5 Act 2006. 33
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds Deslgna ted funds Restricte d funds Total 2024 Total 2023 ot Income and endowments from 866,697 695.441 Oonatlons ar¢d Itgacies 349,636 517.061 162 246 Charitable activitles 162 589,736 other trading act5Vitles 602.695 602,695 6.912 1,603 nvestmen¢S 6.912 517,061 1.476,466 1,287.026 Total Income 959,405 Expendlture on: 237,384 158,no Resources E>cpended 237,384 88.433 67,830 other trading income 88.433 Costs in furtherance of charity's objectlve5 n4,167 502.698 1.216,865 1,184,138 Total resource5 expended 1,039,984 502,698 L542,682 1,410,678 Net lempendlture) Income for the yearl Net movement In funds (66,2161 1123,6521 180,579) 14363 Fund balancg at April 2023 500.349 135,000 119,642 754,991 878,643 Fund balance at 31 March 2024 419,770 135,000 14005 688,715 754,991
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 35
STATEMENT OF RESTRICTED FUNDS - Other FOR THE YEAR ENDED 31 MARCH 2024 Scotland Restricte Totsl 2024 Total 2023 Novthern Ireland GGHB GFFFEO other Income Grants received 128,311 18,000 27.700 20.268 322,782 517,061 446,284 Total income 128,311 18,000 27.700 20,268 322.782 517,061 446,284 Expendlture Costs in furthÉran ce of the charity's obiective 129,063 25.423 27,700 27.723 299.789 502.698 464.267 Tota5 expendlt ure 129.063 25,423 27.700 27,723 299,789 502,698 464.267 Net moveme ntin funds (17,982) (752) (7.423) (455) 22,993 14.363 Transfer to unre$trl ted (573) (573) 7.854 Totsl funds at 1 April 2023 129,770 752 13.289 573 105,601 120.215 Total funds at 31 March 2024 5,866 118 128.021 134,005 119,642 36
BALANCE SHEET AS AT 31 MARCH 2024 2024 2024 2023 2023 Notes FIXED ASSETS Intangible assets 12 125.904 142,300 413 1,092 Tangible assets 14 126A17 143,392 CURRENT ASSETS Stocks 13 2,765 3,737 Debtor5 15 82.207 82,136 Cash In bank & in hand 585,409 606,556 670,381 692,429 Creditors: amounts faLling due within one year 16 007.923) (80,8301 611,599 Net current a55ets 562.458 Total assets less current liabilyties 688,775 754,991 INCOME FUND5 Restricted funds 17 134,005 119,642 Endowment funds 18 135,000 135,000 Unrestricted funds 419,770 500,349 688.775 754,991 37
BALANCE SHEET AS AT 31 MARCH 2024 The company is entitled to the exemption from the audit requirement contained in section 477 of the Gompanies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011. The members have not required the company to obtain an audit of its financial statements underthe requirements of the Companies Act 2006, for the year in question in accordance with section 476. The directors acknowLedge their responsibilities for ensuring that the charity keep5 accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financiaL year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These financial statement5 have been prepared in accordance with the provisions appLicabLe to companies subject to the small companies regime. The financial statements were approved by the Trustees on 0.7N.OV.W21F Mr S O'Neill Chairman Company Registration No. 05738517 38
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 l. Accountlng polScie5 Charity information Child Brain Injury Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Field View. Baynards Green, Bicester, OX27 7SR. 1.1 Accounting convention The financiaL statements have been prepared in accordance with the charity's Memorandum and articLes, the Companies Act 2006, the Charitie5 and Trustee Investment (Scotland) Act 2005, the Charities Account5 IScotLand) Regulations 2006 (as amended) and 'Accounting and Reporting by Charities.. statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the FinanciaL Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods cornmencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financiaL statements are prepared in sterling, which is the functionaL currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The finanGiaL statements have been prepared underthe historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern Atthe time of approvlng the financial statements, the trustees have a reasonable expectation thatthe charity has adequate resources to continue in operational existence forthe foreseeabLe future. Thus the trustees continue to adopt the going concern basis of accounting ID preparingthe financial 5tatement5. 1.3 Charitable funds Unrestricted funds are available for use atthe discretion of thetrustees in furtherance of their charitable objectives, Restricted fund5 are subject to specific conditions by donors as to how they may lje used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. The balance in restricted reserves carried forward includes monies spent and capitaLised of £85,040. The time adjusted restricted fund reserves carried forward after future amortisation is £46,039. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 39
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 1.4 Incoming resources 'Inc'orrie is"recognised when thecharity is legally entitled.to..it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donatlons are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation Legacies are recognlsed on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount 15 not known, the legacy is treated as a contingent asset. 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure comprises those costs incurred by the company in the delivery of its activities and services for it5 beneficiarie5. It incLude5 both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the con5titutionaL and statutory requirements of the company and include the audit fees and costs Linked to the strategic management of the company. 1.6 Intangible fixed assets Other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accurnulated amortisation and accumulated impairment losses. Intangible asset5 acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably" the intangible asset arises from contractual or other legal rights. and the intangibLe asset 15 separable from the entity. Amortisation is recognised so as to write off the cost or valuation of a55ets Less their residual values over their useful lives on the following bases: Software IO% straight Line 40
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 L7 Tanglble flxed assets TAngibLe fixed assets are initiaLLy measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to wrlte off the cost or valuation of assets less their residual value5 over their useful live5 on the following bases: Leasehold improvements Plant and equipment The gain or loss arising on the disposal of an a55et is determined as the difference between the sale proceeds and the carying vaLue of the asset, and is recognised in the statement of financial activities. 33% straight line 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrylng amounts of its tangible and intangible a55ets to determine whether there is any indication that those assets have suffered an impairment Loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wlth banks, Other short-term liquid investrnents with original maturitie5 of three month5 or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. LIO Financial instruments The charity has elected to appLy the provisions of Section ll'Ba5ic Financial Instruments, and Section 12 'Other FinanciaL Instruments Issues. of FRS 102 to aLL of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument Financial a55ets and liabilities are offset, with the net amounts presented in the financial staternents, when there is a legally enforceable right to set off the recognised arnounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simuLtaneously. Baslc flnanclal assets Basic financiaL assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortlsed cost using the effective interest method unLess the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipt5 discounted at a market rate of interest. FinanciaL assets classified as receivable within one year are not amortised. 41
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 Baslc flnancial liabillties Basic financiaL liabiLities..incLudingGreditors and bank loans. are initialLy recognised at transactlon price LSnless the arrangement constitutes a financing transaction, where the debt instrument is measured atthe present value of the future payments discounted at a market rate of interest. Financial liabiLities classified as payable within one year are not amortised. Debt instrument5 are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment15 due within one year or Less. If not, they are presented as non-current liabiLities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost Using the effective interest method. Derecognition of financial liabilities Financial Liabilities are derecognised when the charity's contractuaL obligations expire or are discharged or cancelled IAI Leases Leases are classified as finance leases whenever the terms of the lease transfer substantiaLly aLI the risks and rewards of ownership to the lessees. All other leases are classified as operating Leases. Assets held under finance Leases are recognised as a55ets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The reLated liabiLity is included in the balance sheet as a finance Lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net incomellexpenditurel for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating Leases, including any lease incentives received, are charged as an expense on a straiEht Line basis over the term of the reLevant lease. 42
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 Unr£strlcted funds 2024 Bestricted. funds 2024 Totsl 2024 Tatal2023. 2. Donatlons & legacies Donations & gifts 349,636 517,061 866,697 695,441 For the year ended 31 March 2023 249,157 446,284 695,441 Total 2024 Total 2023 3. Charftable activities Sale of good5 162 246 Unrestrict ed funds 2024 Re5trl¢ted funds 2023 4. Expenditure on raising funds Resources expended Raising fund5 325,817 226,540 Total 2024 Total 2023 5. Expendlture on charitable activities Dlrect costs 17,075 12,512 Depreciation & impairment Charitable expenditure 1,199.790 1.171,626 1.216.865 1,184.138 Analysls by fund Unrestricted funds Restricted funds 714,167 502,698 1,216.865 720.417 463,721 1,184.138 43
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 Total 2024 Total 2023 6. Othey trading acttvities 602,695 589,736 7. Net Movements in funds Total 2024 Total 2023 The net movement in funds is stated after charging/(crediting): 679 569 Depreciation of owned tangible fixed a55ets 16.396 11,943 Amortisation of intangible asset5 8. Trustees none of the trustees (or any persons connected with them) received any remuneration or benefits for the charity during the year. Total 2024 Total 2023 9. Investments Investment income 6,912 1,603 10. Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable service 2024 Number 39 2023 Number 37 11. Employees The number of employees whose annual remuneration was more than £60,000 is as follow5.. E65,000 - £70,000 44
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 Software 12. Intangible fixed assets C05t At l April 2023 and 31 March 2024 163,960 Amortisation and impairment At l April 2023 Amortisation charged forthe year 21,660 16,396 At 31 March 2024 38,056 Carrying amount At 31 March 2024 125,904 At 31 March 2023 142,300 13. Stocks 2024 2023 Finished goods and goods for re53le 2,765 3,737 45
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 14. Tanglble fixed assets Total Cost At l April 2023 Additions 38,671 A 31 March 2024 38.671 Depreciatlon & Impairment At l April 2023 Depreciation charged in the year 37,579 679 At 31 March 2024 38.258 Cayrying amount At 31 March 2024 At 31 March 2023 413 1,092 46
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 ,15., D•btoYs Amount5 falling due within one year: 2024 2023 Trade debtors 22.588 30,736 Amounts owed by subsidiary undertakings 7,971 Prepayments and accrued income 51.648 51.400 82,207 82.136 16. Creditors: amounts falling due within one year other taxation and social security 56,117 51,748 Trade creditors 9,962 9,195 Amounts owed to subsidiary undertakings 1,170 Other creditors 8,689 174 Accruals and deferred income 33.155 18,543 107.923 80,830 47
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 17. Restricted funds The restricted fund5 of the charity comprise the unexpended balances and grants held on trust subject to specific conditions by donors as to how they may be used. At l April 2023 Incoming resources Resources expended At 31 March 2024 llg,642 517,061 (502,6981 134,005 At IApriL 2022 Incorning resources Resources expended At 31 March 2023 137,079 446,284 (463,721) 119,642 The balance in restricted reserves carried forward includes monies spent and capitallsed of £114,428 48
- Endownment funds These arethe endowment funds which are tnaterial to the charity's activitie5 AtIApril 2023 At 31 March 2024 135,000 135,000 At l April 2023 At 31 March 2024 Previous year: 135,000 135,000
- Unrestrlcted funds The unrestricted funds of the charity comprise the unexpected baLances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These incLude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. AtIApriL 2023 Incoming resources Resources expended At 31 March 2024 General funds 500,349 959,405 11,039,984) 419,770 Atl April 2022 Incoming resources Resources expended At 31 March 2023 Previous year: general funds 606,564 840,742 (946,9571 500,34g 49
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR 31 MARCH 2024 20. Retirement benefit schemes Deflned Contribution Scheme The charity operates a defined contribution pension scheme for all qualifying employees. The asset5 of the scheme are held separately from those of the charity in an independent administered fund. Defined Benefit Scheme CBIT participates in the Scottish Voluntary Sector Pension Scheme. The Scherne is a multi-empLoyer defined benefit scheme. The Scheme is funded and is contracted out of the state scheme untiL 31 March 2010, when the Scheme was closed to future accrual. The Scheme operated a single benefit structure, final salary with a 1160th accrual rate until 30 September 2007. From October 2007 there are two benefit structures available. These are final Salary with a 1160th accrual rate and final salary with an J1 80th accrual rate. until the date of the Scheme closure on 31 March 2010. The scheme closed to future accrual on 31 March 2010. There 15 currently no intention to wind up the Scottish Sector Pension Scheme and it continues in paid-up form. The Trustee commissions an actuariaL vaLuation of the Scheme every three years. The main purpose of the vaLuation is to determine the financial position of the Scheme in order to determine the LeveL of future contributions required so thatthe Scheme can meet its pension obligations as they faLI due. The actuarial vaLuation assesses whether the Scheme's assets atthe valuation date are likely to be sufficient to pay the pension benefrts accrued by members as atthe valuation date. A55et value5 are calculated by reference to market levels. Accrued pension benefits are valued by discounting expected future benefit payments using a discount rate calculated by reference to the expected future investment returns. It is not Possible in the normal course of events to identify on a consistent and reasonable basis the share of underlying a55ets and liabilities beLongingto individual participating employer5. This is because the Scherne is a multi-employer scheme where the scheme assets are co-mingled for investment purposes and benefits are paid from total scheme assets. Accordingly, the present value of contributions payable that result from the term5 of the agreement with the multi-employer plan have been provided for. AtIApriL2023 Unwinding of discount factor Deficit contributions Remeasurement 6,803 193 5,973 At 31 March 2024 1,023 21. Related partytransactlons There were no disclosable reLated party transactions during the year12023- none). 50
- Analysis of net assets between funds At l April 2024 At 31 March 2023 Fund balances at 31 March 2024 are represented by= Intangible fixed assets 125,904 142,300 Tanglble assets 413 1,092 Current assetsllliabilities) 562,458 611,599 688,775 754,991 51
Child Brain Injury Trust hope (Gr iomTrrrtri'i. ioJI4' Contact Us 01869 341075 office@cbituk.org www.childbraininjurytrust.org.uk