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 EJcpended 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 18. 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 19. 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 22. 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