**Charity Registration No. 1120056**
**Company Registration No. 05907566 (England and Wales)**
# **CHILDRENS EARLY INTERVENTION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **CHILDRENS EARLY INTERVENTION TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|T Bywater|
|---|---|
||N Hall|
||N Griffith|
||P Williams|
||H Francis|
||P Forbes-Martin|
||A Williams|
|**Secretary**|vacancy|
|**Charity number**|1120056|
|**Company number**|05907566|
|**Registered office**|Unit F1|
||Intec|
||Parc Menai|
||Bangor|
||Gwynedd|
||Wales|
||LL57 4FG|
## **CHILDRENS EARLY INTERVENTION TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 13|
## **CHILDRENS EARLY INTERVENTION TRUST**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The Board of Trustees present their report and accounts for the year ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006, the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective January 2015 (the Charities SORP FRS 102).
## **Objectives and activities**
The charity's objects are :
the advancement of education for the public benefit in the subject of evidence based intervention programmes within families, schools and other social groups to prevent or reduce violence and to develop children's social and emotional competence; and
to promote public benefit research into evidence based intervention programmes and to publish the results thereof.
In furtherance of these objects during the period, the charity has provided training on location within Wales for groups of professionals. The emphasis is on the development of service and the courses are not priced commercially. Trainers give their time free of charge and the principal costs are usually met by the local authority, charity or other entity hosting the event. These courses do generate net income for the charity, which has been accumulated to further the charity's objects in future years, principally with the intention of:
a. building a fund to invite bids from academic institutions to undertake high quality randomised controlled trials of the Incredible Years parent, child and teacher programmes ;
b. providing grants for activities that disseminate evidence based interventions for children with conduct disorder through conferences, newsletters and the publication of data and research activity.
Aims and activities are reviewed regularly in the context of the charity's objects. Reviews consider the success of each activity and the benefits that have arisen. The reviews enable the charity to ensure that limited resources are allocated efficiently and effectively.
The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake and how succesful outcomes should be evaluated.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **Achievements and performance**
During the 2020/21 financial year we experienced considerable challenges due to COVID 19 restrictions however we received a government grant of £10k and were able to part furlough of the staff maintaining only a skeleton staff on the actual payroll. We did not undertake any of the live training events that had been scheduled but were able to undertake development work for the remote delivery of various training courses. Going forward, we are now in a position to offer remote training for several programmes, including Parenting for Lifelong Health, Enhancing Parenting Skills and the Books Together Book Sharing Programme
We did not recruit any new schools to our KiVa programme but did re-enrol most of the existing registered schools and have recruited 56 schools to the 2021/22 school year
We lost our contract to deliver Incredible Years training as this is now mostly delivered online from Seattle but are continuing to sell IY resources, which continues to be profitable.
Overall we are pleased to have survived with government support and are now optimistic about going forward, regardless of any restrictions, since we have developed new products that can mainly be delivered online.
## **Financial review**
The trustees are pleased to note that both cash balances and funds of the charity have been maintained at a level which they consider to be adequate to implement future plans. Unrestricted funds at the end of the year amounted to £119,218 (2020 - £104,599).
It is the general policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Given that the present intention is to accumulate a meaningful reserve before embarking on extensive project expenditure, this level of reserves has been generally maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year were:
T Bywater N Hall N Griffith P Williams H Francis P Forbes-Martin A Williams A Jones
(Resigned 12 April 2021)
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The Board keeps under review the skills requirements of trustees and has been pleased to appoint the first parent representative. New appointments are made in accordance with the procedures outlined in this report under 'Structure, governance and management'. The induction process for newly appointed trustees comprises an initial meeting, followed by a series of short meetings as required on individual topics, including the powers and responsibilities of individual trustees and the Board. A brief history of the charity, copies of Board minutes, accounts, the governing document and a copy of the Charity Commission's guidance 'The Essential Trustee: What You Need to Know' are all available to new trustees.
None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
During the year the Board of Trustees met quarterly and will continue to do so.
The trustees' r eport was approved by the Board of Trustees.
## **A Williams**
Trustee Dated: 29 December 2021
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF CHILDRENS EARLY INTERVENTION TRUST**
I report to the trustees on my examination of the financial statements of Childrens Early Intervention Trust (the charity) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Barrie Buels FCCA FCIE**
Chartered Certified Accountant
Dated: 29 December 2021
Crestmere Limited Bangor, Gwynedd
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|
**funds**|
|||**2021**|
**2020**|
||**Notes**|
**£**|
**£**|
|**Income and endowments from:**||||
|Donations and legacies|**3**|28,636|
29,963|
|Charitable activities|**4**|24,297|
17,259|
|Investments|**5**|200|
291|
|Other income|**6**|221|
-|
|**Total income**||53,354|
47,513|
|**Expenditure on:**||||
|Charitable activities|**7**|38,735|
38,919|
|**Net income for the year/**||||
|**Net movement in funds**||14,619|
8,594|
|Fund balances at 1 April 2020||104,599|
96,005|
|**Fund balances at 31 March 2021**||119,218|
104,599|
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.
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2021**_
|**Notes**
**Fixed assets**
Investments
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2021**
**£**
1,200
119,563
120,763
(1,547)|**£**
2
119,216
119,218
119,218
119,218|**2020**
**£**
1,650
104,808
106,458
(1,861)|**£**
2
104,597
104,599
104,599
104,599|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements 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 29 December 2021
A Williams **Trustee**
## **Company Registration No. 05907566**
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**CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **Charity information**
Childrens Early Intervention Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit F1, Intec, Parc Menai, Bangor, Gwynedd, LL57 4FG, Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 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 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity 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 donations 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 recognised 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 is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Resources expended are recognised on an accruals basis. Where appropriate, amounts expended include irrecoverable VAT.
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation. Depreciation was provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life . All tangible fixed assets were written off in full prior to 1st April 2015.
Fixtures, fittings & equipment
## fully depreciated
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic 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 assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial 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 amortised 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 receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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**CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments 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 payment is 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.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Group accounts**
The charitable company has taken advantage of the exemption not to prepare consolidated accounts , on the basis that the group of which this is the parent qualifies as a small group . The financial statements present information about the company as an individual entity and not about its group .
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Donations and gifts|28,636|29,963|
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **4 Charitable activities**
||**Location**|
**Location**|
|---|---|---|
||**training and**|
**training and**|
||**research**|
**research**|
||**2021**|
**2020**|
||**£**|
**£**|
|Project contributions and other income within charitable activities|5,817|
17,259|
|Coronavirus Job Retention Scheme|18,480|
-|
||24,297|
17,259|
|**Investments**|||
||**Unrestricted**|Unrestricted|
||**funds**|
funds|
||**2021**|
2020|
||**£**|
£|
|Interest receivable|200|
291|
|**Other income**|||
||**Unrestricted**|
Total|
||**funds**||
||**2021**|
2020|
||**£**|
£|
|Other income|221|
-|
## **5 Investments**
## **6 Other income**
Other income comprises travel refunds arising as a result of coronavirus restrictions.
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**CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|7||Charitable activities|Charitable activities|
|---|---|---|---|
|||**Early**|
**Early**|
|||**Intervention**|
**Intervention**|
|||**training and**|
**training and**|
|||**research**|
**research**|
|||**2021**|
**2020**|
|||**£**|
**£**|
||Staff costs|22,651|
10,753|
||Insurance|230|
227|
||Bank charges|99|
167|
||Accountancy|1,171|
1,044|
||Sundries|153|
124|
||Projects and programme delivery|14,343|
26,458|
||Donations|-|
106|
||Website costs|88|
40|
|||38,735|
38,919|
## **8 Description of charitable activities**
## Early Intervention training and research
Expenditure on evidence based intervention programmes, research relevant to those programmes and other activities congruent with the charity's objects.
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year. No travel expenses were reimbursed to trustees during the year (2020 - £444 to one trustee).
## **10 Employees**
The average monthly number of employees during the year was:
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
||2|2|
|**Employment costs**|**2021**|**2020**|
||**£**|**£**|
|Wages and salaries|22,651|10,753|
There were no employees whose annual remuneration was more than £60,000.
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **11 Fixed asset investments**
|**Cost or valuation**
At 1 April 2020 & 31 March 2021
**Carrying amount**
At 31 March 2021
At 31 March 2020
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
**13**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**Unlisted**
**investments**
**£**
2
2
2
**2021**
**2020**
**£**
**£**
1,200
1,650
**2021**
**2020**
**£**
**£**
547
861
1,000
1,000
1,547
1,861|
|---|---|
## **14 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
Donations include amounts totalling £28,636 (2020 - £29,963) were received from the charity's trading subsidiary.
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## **CHILDRENS EARLY INTERVENTION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **15 Impact of the Coronavirus pandemic**
On 23 March 2020 the UK Government announced the commencement of a lockdown period in response to the Coronavirus pandemic. This has resulted in the charity being unable to operate normally.
At the date of signing these financial statements there has been some easing of measures from time to time and the charity is adapting well to new ways of delivering training and guidance.
The trustees are of the opinion that the charity has adequate resources to continue, but it is likely that planning will be subject to fundamental review if the current level of uncertainty persists for a further prolonged period.
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