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← Cheyne Charity For Children With Cerebral Palsy

2024-07-31-accounts

Registered!Company!Number:!6489707

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Company!Limited!by!Guarantee

Trustees'!Annual!Report!and!Accounts

For!The!Year!Ended!31!July!2024

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Trustees'!Annual!Report!And!Accounts

For!the!year!ended!31!July!2024

Contents Page
CharityInformation 1.
Trustees'Report 2.-5.
IndependentExaminer'sReport 6.
StatementofFinancialActivities 7.
(includingIncomeandExependitureAccount)
StatementofFinancialPosition 8.
(BalanceSheet)
NotestotheAccounts 9.-16.

Page!1.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Charity!Information For!the!year!ended!31!July!2024

Directors!and!Trustees A.!Manfield!(Chairman) R.!Rohan M.!Williams J.!Carroll J.!Allen!(Treasurer) Company!Secretary A.!Manfield Company!Registered!Number 6489707 Registered!Charity!Number 1122968 Registered!and!Principal!Office Aberdeen!House South!Road Haywards!Heath RH16!4NG

Page!2.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Trustees'!Report For!the!year!ended!31!July!2024

The!Trustees!of!The!Cheyne!Charity!for!Children!with!Cerebral!Palsy!are!pleased!to!present!their!Report!and!the!Accounts! for!the!year!ended!31!July!2024.!!This!includes!the!requirements!specified!by!Company!Law!for!the!Directors'!Report.

CONSTITUTION!AND!HISTORY

The!origins!of!the!Charity!date!back!to!Victorian!Times!when!the!Cheyne!Hospital,!Cheyne!Walk!in!London!was!opened. It!was!known!then!as!"The!Little!Hospital!by!the!River",!and!was!very!ahead!of!its!time!in!providing!a!caring!!environment for!residential,!daycare!and!services!for!children!with!cerebral!palsy,!with!the!support!of!nurses!and!other!staff.!!The! hospital!later!became!known!as!"The!Cheyne!Centre"!and!was!subsequently!taken!over!by!the!NHS.!

The!Cheyne!Centre!developed!an!international!reputation!for!research!and!innovative!practice!in!the!field!of!cerebral! palsy!and!providing!essential!funding!for!staff!and!equipment.!!The!Cheyne!Charity!for!Children!with!Cerebral!Palsy,! was!subsequently!established!on!the!sale!of!one!of!the!remaining!buildings!in!Cheyne!Walk,!and!was!registered!with the!Charities!Commissioner!in!1964.

The!Charity!in!its!current!form!was!incorporated!in!England!and!Wales!as!a!Company!Limited!by!Guarantee!on 31!January!2008,!with!the!company!number!6489707,!when!the!assets!and!liabilities!of!the!original!Charity!were transferred!to!the!Company.!!The!Charity!is!registered!with!the!Charities!Commission!for!England!and!Wales!with!the! charity!number!1122968.

STRUCTURE,!GOVERNANCE!AND!MANAGEMENT

The!Charity!operates!in!the!South!East!of!England,!with!the!support!of!a!part!time!administrator,!and!"Friends!of!the Charity".!!Trustees'!meetings!are!held!four!times!a!year!to!consider!grant!applications,!receive!reports!on!activities!and monitor!routine!operations.!!

The!Friends!are!panel!of!independent!volunteers!with!no!legal!capacity!within!the!Charity.!!They!are!generally!experts, or!very!experienced!in!the!field!of!cerebral!palsy!in!children!and!young!adults.!The!Friends!help!and!advise!the!Trustees! throughout!the!grant!decision!making!process!to!ensure!that!the!procedure!is!fair!and!equitable!for!all!deserving! applicants,!whilst!mindful!of!the!Charity's!limited!resources.

The!Charity's!constitution!is!set!out!in!its!Memorandum!of!Association!which!requires!a!minimum!of!four!members!on the!Board!of!Trustees.!!The!Trustees!are!led!by!the!Chairman!who!is!selected!from,!and!appointed!by,!the!Board.!!The Trustees!are!advised!and!supported!on!financial!matters!by!the!Treasurer,!who!is!professionally!qualified!and!member! of!the!Board!of!Trustees.!!The!Annual!Accounts!are!subject!to!an!Independent!Examination!by!a!professionally!qualified accountant.!!New!Trustees!are!selected!by!considering!their!skills!and!matching!with!the!current!needs!of!the!Charity.

The!Trustees!have!complied!with!the!Charities!Act,!having!due!regard!for!the!Charities!Commission!guidance!on!public benefit!when!reviewing!the!Charity's!aims!and!objectives,!in!setting!grant!making!policy,!and!awarding!grants.

PRINCIPAL!AIMS!AND!ACTIVITIES

The!Trustees!continue!to!pursue!the!primary!objectives!of!the!Charity,!namely!financial!assistance,!as!grants,!for!those! children!and!young!adults!suffering!with!cerebral!palsy!and!associated!disorders,!to!their!families,!organisations,!and! others!providing!for!their!care.

The!Charity's!main!aims!are!in!providing!practical!help!and!support!to!children!and!young!adults!with!cerebral!palsy.!!It helps!by!funding!equiment,!such!as!specialist!tricycles,!walking!frames,!wheelchairs,!powered!wheelchairs,!seating!aids, therapy!and!electronic!aids.!!!The!Charity!supports!applicants!with!programmes!of!physiotherapy,!!hydrotherapy,!and! music,!art!and!creative!therapy,!and!has!purchased!or!contributed!towards!disabled!sports,!computer!equipment!and! other!devices!for!children!in!schools,!including!communication!devices!and!learning!equipment.

Page!3.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Trustees'!Report!(Continued)

For!the!year!ended!31!July!2024

TRUSTEES

The!Charity's!Trustees!in!office!during!the!year,!who!are!also!Directors!of!the!Company,!were!as!follows: Alison!Manfield Mary!Williams Rupert!Rohan Nigel!Baines!!(resigned!28!March!2024) Jessica!Carroll!(appointed!15!March!2024) John!Allen!(appointed!11!June!2024)

Our!former!Treasurer,!Nigel!Baines,!resigned!during!the!year,!and!the!Trustees!were!very!grateful!to!Rupert!Rohan!for stepping!in!at!short!notice!to!cover!the!role.!!

The!Trustees!are!very!pleased!to!report!that!they!have!recruited!two!additional!Trustees.!!Jessica!Carroll!was!appointed the!same!month!as!Nigel!Baines'!departure!ensuring!the!Charity's!obligation!for!four!Trustees!was!met.!The!Trustees!are very!fortunate!that!she!has!an!excellent!knowledge!of!Cerebral!Palsy!in!Children,!and!will!be!a!great!asset!to!the!Charity.! John!Allen!was!subsequently!recruited!to!fill!the!Treasurer!role,!he!is!a!Chartered!Accountant!with!experience!of!charity accounting.

The!Trustees!aim!is!to!increase!their!number!to!six,!to!minimise!the!risk!of!breaching!the!quorum!obligation!at!Trustees' meetings.!!It!is!hoped!that,!during!the!forthcoming!year,!they!will!identify!a!suitable!candidate!with!hands!on!experience of!Cerebral!Palsy!who!would!be!willing!to!join!the!Charity!and!assist!in!furthering!the!charitable!aims.!

YEARLY!REVIEW!AND!FUTURE!PLANS

In!2024!the!Trustees!made!new!offers!of!grants,!amounting!to!£51,878!and!paid!grants!to!16!institutions!and!26 individuals,!of!this!amount!£23,257!was!funded!from!the!legacy!received!from!the!Estate!of!Avtar!Sandhu,!with!the remainder!from!the!Charity's!annual!investment!income!after!an!offer!of!an!unused!grant!of!£1,500!was!cancelled.!!At! the!end!of!2024!the!Charity!had!outstanding!grant!offers!and!commitments!amounting!to!£5,279.!!Full!details!and!a!full analysis!of!the!grants!awarded!by!the!Charity!are!presented!in!note!4!to!the!accounts.

The!Trustees!will!continue!supporting!charities!providing!help!to!children!with!cerebral!palsy!and!more!directly!provide help!to!the!parents!and!children!themselves.!!They!will!continue!monitoring!the!financial!performance!of!the!Charity's! investment!portfolio,!with!particular!reference!to!achieving!their!long!term!strategy!to!ensure!sufficient!income!for!the! Charity's!activities,!whilst!preserving!the!capital!value!for!the!benefit!of!future!grant!making!decisions.

INVESTMENTS,!GRANT!DISTRIBUTION!AND!RESERVES!POLICY

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy!is!a!grant!making!charity,!and!its!investments!are!essential!to!support its!activities.!!The!Trustees'!powers!of!investment,!to!expend!capital!or!income,!are!not!restricted!under!its!constitution,! and!they!have!absolute!discretion!to!invest!in!such!shares,!stocks,!funds,!securities!and!property!as!they!see!fit.

The!Charity's!long!term!financial!aims!are!to!preserve,!in!real!terms,!the!value!of!the!Charity's!investment!portfolio, whilst!providing!a!constant!return!to!fund!the!Charity's!grant!making!activities.!!The!Trustees!aim!to!reduce!any!financial! risks!by!avoiding!unlisted!and!any!securities!with!volatile!values.!!The!Charity's!capital!assets!are!invested!in!line!with these!aims!primarily!in!large!listed!companies!with!strong!balance!sheets!and!potential!for!dividend!growth.!!The! Trustees!also!make!short!term!investments!of!cash!balances!in!excess!of!its!immediate!needs.!!They!are!invested!in!term deposits!with!the!Charity's!bankers!for!periods!of!90!days!up!to!one!year.!

The!Charity's!main!grant!programme!comprises!a!two!stage!process.!!Throughout!the!year!the!Charity!Administrator! collates!the!grant!applications;!and!at!their!quarterly!meetings!the!Trustees!will!consider!each!application!as!presented.!! Decisions!are!made!on!the!basis!of!the!information!provided!to!the!meetings,!and!are!supported!by!the!recommendations and!advice!of!the!"Friends!of!the!Charity".

The!Charity!aims!to!make!grants!based!on!the!expectation!for!investment!income!to!generate!a!targeted!annual!return of!around!4%.!!The!Trustees!aim!is!to!distribute!the!majority!of!this!income!on!a!yearly!basis,!unless!there!are! insufficient!deserving!applicants!in!any!one!year,!after!taking!into!account!the!annual!running!costs!of!the!Charity.!!The Charity!has!an!established!expendable!endowment!fund!to!ensure!these!aims!endure!for!the!forseeable!future!and its!reserves!will!remain!at!a!level!of!at!least!the!market!value!of!the!Charity's!long!term!investment!portfolio.

Page!4.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Trustees'!Report!(Continued) For!the!year!ended!31!July!2024

FINANCIAL!REPORT

The!Charity's!assets!primarily!comprise!an!investment!portfolio,!which!provides!the!majority!of!its!income,!along!with!a! few!operational!assets.!Full!details!are!shown!in!accounts!for!the!year!ended!31!July!2024,!which!follow.!!However,!in summary,!the!accounts!show!that!the!Charity!received!income!of!£53,769!for!2024!(2023:!£48,061).!!The!Charity's! operating!costs!were!£15,470!(2023:!£14,100),!and!the!Charity's!net!operating!deficit!for!the!year!was!£22,476 (2023:!deficit!£13,173).!!There!were!total!funds!of!£1,431,157!(2023:!£1,360,024)!at!the!end!of!the!year,!after!investment gains!of!£93,609!(2023:!losses!of!£13,003).!!Investment!management!costs!amounted!to!£8,707!(2023:!£9,295).

The!legacy!from!the!Estate!of!Avtar!Sandhu!of!£121,933!was!subject!to!no!conditions,!but!has!been!informally!set!aside by!the!Trustees!for!special!cases!which!the!Charity!may!otherwise!not!have!the!financial!resources!to!support.!!The! grants!awarded!from!the!legacy!this!year!amounted!to!£23,257!(2023:!£12,116).!!Had!these!grants!not!been!awarded the!Charity!would!have!generated!an!operating!surplus!of!£781!this!year!(2023:!deficit!£1,057).!!There!is!£86,560 remaining!of!the!legacy!to!be!awarded!in!future!years.!!This!is!invested!in!short!term!bank!deposits.

The!presentation!of!Charity's!accounts!for!the!year!ended!31!July!2024!has!been!updated!and!some!comparative!figures for!the!prior!year!modified!to!reflect!this!change.!!This!has!resulted!in!the!deficit!for!2023!being!increased!by!£3,797 from!£9,376.!!Full!details!of!these!changes!are!given!in!the!note!12!to!the!accounts.

FINANCIAL!PERFORMANCE!

The!market!value!of!the!Charity's!investment!portfolio!at!the!year!end!was!£1,311,196!(2023:!£1,203,025),!of!which! 71%!is!held!directly!in!equities!(2023:!78%)!with!the!balance!in!managed!funds.!The!investment!portfolio!generated!a return!of!10.3%!after!management!fees!(2023:!2.1%),!which!is!currently!meeting!the!Trustees!expectations!for!long!! term!performance!following!the!recent!improvement!in!market!conditions.!!The!portfolio!is!currently!managed!by Charles!Stanley!(UK!based!Wealth!Managers).

Income!of!£50,421!was!generated!by!the!investments,!representing!a!return!of!3.8%!on!the!year!end!market!value, compared!with!£47,167!(3.9%)!for!the!previous!year.!!Net!investment!gains!of!£93,609!were!made!representing!an increase!in!the!value!of!the!portfolio!of!7.8%!over!last!year.!!The!Trustees!will!be!continually!monitoring!the!portfolio performance!at!their!quarterly!meetings!to!ensure!that!its!investment!fund!value!can!be!maintained!for!future!years.

RISK!MANAGEMENT

The!Trustees!assess!the!major!risks!to!which!the!Charity!is!exposed!and!this!process!has!continued!during!the!year.!!In the!opinion!of!the!Trustees!the!charity!has!established,!and!continues!to!operate,!systems!and!controls!to!mitigate!risks to!an!acceptable!level!in!day-to-day!operations.

The!Trustees!have!identified!uncertainty!of!financial!returns!and!preservation!of!capital!value!to!constitute!the!Charity's major!financial!risks.!!These!are!mitigated!with!a!diversified!financial!portfolio!under!constant!review!and!management!by professional!investment!advisers.!!The!Trustees!regularly!review!investment!strategy!and!monitor!financial!performance. The!grant!distribution!formula!helps!to!ensure!the!stability!of!resources!available!for!grant!awards!in!any!year.

ACHIEVEMENTS,!GRANTS!AND!PERFORMANCE

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy!is!only!a!small!Charity,!and!can!only!assist!a!relatively!small!number! of!applicants!in!any!one!year.!!This!requires!the!grant!making!process!to!focus!on!the!most!deserving!cases!and!these!will generally!be!applicants!who!cannot!get!sufficient!or!any!help!elsewhere.

Grant!applications!are!assessed!on!their!potential!to!enhance!the!mobility,!independence,!health,!education,!social! inclusion,!and!the!emotional!quality!of!life!of!beneficiaries!with!cerebral!palsy!and!in!offering!respite!and!other!resources for!their!families.!!Applications!are!typically!accompanied!by!professional!support!for!the!object!of!the!grant.

Whilst!the!Charity!does!not!formally!monitor!nor!evaluate!specific!outcomes,!many!organisations!and!individuals!will provide!the!Charity!with!some!informal!feedback!or!a!progress!report.!!In!some!cases,!for!larger!grants!or!multiple!use! facilities,!the!Trustees!will!also!make!their!own!assessment!by!visiting!the!recipient!organisation.!!Overall,!these!processes!! provide!evidence!that!the!Trustees!continue!to!meet!their!charitable!objectives!by!funding!a!wide!variety!of!applicants,! and!that!the!majority!of!grants!the!Charity!has!awarded!have!benefitted!the!recipients!at!least!to!the!level!anticipated.!

Page 5. The Cheyne Charity for Children with Cerebr31 Palsv Trustees, Report (Continued) For the ear ended 31 Ju 2024 TRUSTEES, RESPONSIBILMES The trustees who are also directors of the Cheyne Charity for Children with Cerebr31 Pa15y for the purposes of company law are responsible for preparing the Trustees, Annual Report and the accounts in accordance with 3pplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare accounts for each financial year. In accordance with that law the directors have prepared the account5 in accordance with United Kingdom Generally Accepted Accounting Pr3ctice. the United Kingdom Accounting Standards as set out in the Charities SORP (Statement of Recommended Practice) and the applicable company law. Under company law the directors must not approve the accounts unless they are satisfied that they Bive a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of the resources of the charitable company for that period. In preparing these accounts the directors are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent- follow the applicable UK Accounting Standards and the Charities SORP, disclosing and explaining any departures in the accounts- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The directors are responsible for keeping adequate accounting record5 that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the f5nancial position of the charitable company and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, the provisions of the charitable company's constitution and the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. s report was approved by the Trustees and signed on their behalf by the Chairman on 19 November 2024. A. Manfield Chair of Trustees

Page!6.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy!('the!Company') Independent!Examiner's!Report!to!the!Trustees

For!the!year!ended!31!July!2024

I!report!on!the!accounts!of!the!company!for!the!year!ended!31!July!2024,!which!are!set!out!on!pages!7!to!16.

RESPECTIVE!RESPONSIBILITIES!OF!TRUSTEES!AND!EXAMINER

The!trustees!(who!are!also!the!directors!of!the!company!for!the!purposes!of!company!law)!are!responsible!for!the! preparation!of!the!accounts.!The!trustees!consider!that!an!audit!is!not!required!for!this!year!under!section!144(2)!of the!Charities!Act!2011!(the!2011!Act)!and!that!an!independent!examination!is!needed.

Having!satisfied!myself!that!the!charity!is!not!subject!to!audit!under!law!and!is!eligible!for!independent!examination,! it!is!my!responsibility!to:

BASIS!OF!INDEPENDENT!EXAMINER’S!REPORT

My!examination!was!carried!out!in!accordance!with!general!Directions!given!by!the!Charity!Commission.!An!examination! includes!a!review!of!the!accounting!records!kept!by!the!charity!and!a!comparison!of!the!accounts!presented!with!those! records.!It!also!includes!consideration!of!any!unusual!items!or!disclosures!in!the!accounts,!and!seeking!explanations!from! you!as!trustees!concerning!any!such!matters.!The!procedures!undertaken!do!not!provide!all!the!evidence!that!would!be! required!in!an!audit!and!consequently!no!opinion!is!given!as!to!whether!the!accounts!present!a!‘true!and!fair!view’!and! the!report!is!limited!to!those!matters!set!out!in!the!next!statement.

INDEPENDENT!EXAMINER’S!STATEMENT

In!connection!with!my!examination,!no!matter!has!come!to!my!attention:

have!not!been!met!or

Signed:

!Name:

!Jason!Foxwell

Relevant!professional!body:

Address:

Chartered!Certified!Accountant 39!Enfield!Road,!Poole,!BH15!3LJ

Date:

Page!7.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Statement!of!Financial!Activities!(including!Income!and!Expenditure!Account) For!the!year!ended!31!July!2024

Notes
INCOMEfrom
2.
Donations
Investments
Total
EXPENDITUREon
3.
GeneratingIncome
CharitableActivities
GovernanceCosts
OtherSupportCosts
Total
Netexpenditurebeforetax
Taxpayable
Netgains/(losses)onInvestments
Netincome/(expenditure)fortheyear
Transfersbetweenfunds
Netmovementinfundsfortheyear
Reconciliationoffunds
10.
TotalFundsBroughtForward
TOTALFUNDSCARRIEDFORWARD
Netexpenditureaftertaxbefore
investmentgains/(losses)		 Unrestricted
Funds
£
75
53,694		 2024
Endowment
Funds
£
-
-		 2023
Total
Funds
Total
Funds
£
£
75
3
53,694
48,058
53,769
48,061
8,897
9,382
51,878
37,752
684
603
14,786
13,497
76,245
61,234
(22,476)
(13,173)
-
-
(22,476)
(13,173)
93,609
(13,003)
71,133
(26,176)
-
-
71,133
(26,176)
1,360,024
1,386,200
£1,431,157
£1,360,024
53,769 -
190
51,878
684
14,786		 8,707
-
-
-
67,538 8,707
(13,769)
-		 (8,707)
-
(13,769)
-		 (8,707)
93,609
(13,769)
(58)		 84,902
58
(13,827)
129,763		 84,960
1,230,261
£115,936 £1,315,221

Page 8. The Cheyne Charity for Children with Cerebral Palsy Statement of Financial Position (Balance Sheet) As at 31 July 2024 2024 Unrestricted Endowment Fund5 Funds 2023 Total Funds Total Funds Notes. FIXED ASSETS Intangible Fixed Assets Tangible Fixed Assets Investments 424 839 424 839 1,315.964 637 14 1.315.964 1,230,971 1,263 1,315,964 1,317,227 1,231,622 CURRENT ASSETS Debtors Investments Cash at bank 3,938 80,CK)O 37,944 3,938 80,000 37.944 2,194 120,000 16,292 121,882 121,882 138,486 CREDITORS: Amounts Falling Due Within One Year 7,209 743 7,952 10,084 NET CURRENT ASs￿s 114,673 17431 113,930 128,402 TOTAL ASSETS LESS CURRENT LIABILITIES £ 115,936 £ 1,315.221 £ 1.431,157 £ 1,360,024 CHARITABLE FUNDS Endowment Fund Unrestricted Fund io. 1,315.221 1,315,221 115.936 1,230.261 129,763 115,936 TOTAL FUNDS £ 115,936 £ 1,315,221 £ 1.431,157 £ 1,360,024 The Company was entitled to the exemption from the requirements of audit in accordance with Section 477 of the Companies Act 2006 relating to small companies. Directors, Responsibilities: The members have not required the company to obtain an audit of its accounts for the year ended 31 July 2024 in accordance with section 476 ofthe Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject subject to the small companies, regime ofthe Companies Act 2006 and with FRS 102 SORP. ounts were a proved by the directLXS on 19 November 2024 and were signed on their behalf by= A. Manfield Director len Director

Page!9.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts

For!the!year!ended!31!July!2024

1.!ACCOUNTING!POLICIES

a)!Basis!of!Preparation

Accounting!Framework

The!accounts!have!been!prepared!under!the!historical!cost!convention!with!items!recognised!at!cost!or!transaction! value!unless!otherwise!stated!in!the!relevant!notes!to!these!accounts,!and!in!accordance!with!the!second!edition!of! the!Charities!Statement!of!Recommended!Practice!(SORP)!issued!in!October!2019,!the!Financial!Reporting!Standard! applicable!in!the!United!Kingdom!and!Republic!of!Ireland!(FRS!102)!and!the!Charities!Act!2011.!!The!Charity! constitutes!a!public!benefit!entity!as!defined!by!FRS!102.

The!Trustees!consider!that!there!are!no!material!uncertainties!about!the!Charity's!ability!to!continue!as!a!going! concern.

Fund!structure

The!Charity!has!a!single!expendable!endowment!fund,!created!on!incorporation,!as!a!result!of!the!transfer!of!the! original!Charity's!capital!assets!on!incorporation.!!The!assets!of!this!fund!are!invested!in!a!diversified!portfio!of!listed! investments!to!generate!the!unrestricted!income!for!the!Charity!which!is!used!for!its!charitable!activities.!!Fair!value! adjustments!to!the!investment!portfolio!are!made!through!the!fund!and!not!a!revaluation!reserve,!as!specified!by!the! Charities!SORP.!!This!fund!allows!the!capital!to!be!spent!if!the!trustees!so!determine.

Restricted!funds!are!funds!which!are!to!be!used!in!accordance!with!specific!restrictions!imposed!by!the!donor!or!trust! deed.!!Unrestricted!income!funds!comprise!those!funds!which!the!trustees!are!free!to!use!for!any!purpose!in! furtherance!of!the!charitable!objects.!Unrestricted!funds!include!designated!funds!where!the!trustees,!at!their! discretion,!have!created!a!fund!for!a!specific!purpose.!!

Further!details!of!each!fund!are!disclosed!in!note!10.

Changes!in!accounting!estimates!and!adjustments!to!prior!years

No!changes!to!accounting!estimates!have!occurred!in!the!reporting!period.!!However,!the!format!of!the!accounts!is! modified!from!that!of!prior!years,!to!comply!with!FRS!102,!the!Charities!SORP!and!Companies!Act.!!As!a!consequence! the!accounting!for!some!items!have!been!adjusted!where:!!(a)!not!previously!measured!on!an!accruals!basis;!!(b)! incorrectly!offset;!and!(c)!incorrectly!classified.

The!result!is!to!restate!the!deficit!for!the!prior!year!and!increase!it!by!£2,590.!Full!details!of!the!prior!year! adjustments!are!given!in!note!12!to!the!accounts,!below.

b)!Income

Recognition!of!Income

Income!is!accounted!for!when!the!Charity!becomes!entitled!to!the!resources,!it!is!more!likely!than!not,!that!the! Trustees!will!receive!the!resources!and!the!monetary!value!can!be!measured!with!sufficient!reliability.!!There!has! been!no!offsetting!of!assets!and!liabilities,!or!income!and!expenses,!unless!required!or!permitted!by!the!SORP.

Legacies

Legacies!are!accounted!for!as!income!when!receipt!is!probable,!that!is,!when!there!has!been!grant!of!probate,!the! executors!have!established!that!there!are!sufficient!assets!in!the!estate!and!any!conditions!attached!to!the!legacy!are! either!within!the!control!of!the!charity!or!have!been!met.

Volunteer!Help

The!value!of!any!voluntary!help!received!is!not!included!in!the!accounts!but!described!in!the!Trustees’!Report.

Income!from!interest!and!dividends

Investment!income!from!dividends!and!interest!is!included!in!the!accounts!when!receipt!is!probable!and!the!amount! receivable!can!be!measured!reliably.

Investment!gains!and!losses

Investment!gains!and!losses!include!all!realised!or!unrealised!gains!or!losses!arising!from!the!sale!of!investments,!and! any!gain!or!loss!resulting!from!revaluation!of!held!investments!to!market!value!at!the!end!of!the!financial!year.

Page!10.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

1.!ACCOUNTING!POLICIES!(Continued)

c)!Expenditure!and!Liabilities

Liability!recognition

Liabilities!are!recognised!where!it!is!more!likely!than!not,!that!there!is!a!legal!or!constructive!obligation!committing! the!charity!to!pay!out!resources!and!the!amount!can!be!measured!with!reasonable!certainty.!

Grants!payable

Where!there!are!no!conditions!attaching!to!the!grant!that!enables!the!charity!to!realistically!avoid!the!commitment,!a! liability!for!the!full!funding!obligation!is!recognised.!!No!grants!are!currently!made!with!any!specific!performance! conditions.

Investment!management!fees

The!professional!fees!for!the!management!of!the!Charity's!investment!portfolio!are!charged!against!the!endowment! fund!as!they!are!primarily!incurred!in!the!preservation!of!the!value!the!investments!held!in!the!fund.!!

Governance!!and!support!costs

Administrative!costs!have!been!allocated!between!governance!and!other!support.!!Governance!costs!comprise!those! involving!the!public!accountability!of!the!Charity!and!compliance!with!regulation!and!good!practice.!!Support!costs! include!all!other!operational!costs!in!running!the!Charity.!.!!

d)!Assets

Tangible!and!intangible!fixed!assets!for!use!by!charity

Fixed!assets!are!capitalised!where!they!have!a!usefuly!life!of!greater!one!year,!with!an!original!total!cost!of!at!least! £500,!and!are!derived!externally!from!the!Charity.!!They!are!valued!at!original!cost.!!Intangible!fixed!assets!(website! development)!are!written!down!over!their!estimated!useful!life!at!the!rate!of!25%!per!annum,!on!a!straight!line!basis.!! Tangible!fixed!assets!(office!equipment)!are!written!down!at!the!rate!of!20%!per!annum,!to!their!estimated!residual! value!over!their!estimated!life!on!a!straight!line!basis.

Investments

Fixed!asset!investments!in!quoted!shares!and!similar!investments!are!valued!initially!at!cost,!and!revalued!to!fair! value!at!the!year!end.!!Fair!value!is!determined!by!the!mid!market!price!at!the!close!of!business!on!31!July.!!The! Charity!does!not!invest!in!unlisted!investments.

Debtors

Debtors!are!measured!on!initial!recognition!at!settlement!amount!after!any!discounts!which!is!generally!the!cash! value!expected!to!be!received.

Current!asset!investments

Short!term!investments!in!cash!and!cash!equivalents!with!a!maturity!date!less!than!one!year,!which!include!cash!on! deposit!and!cash!equivalents!with!a!maturity!of!less!than!one!year,!are!valued!at!fair!value!except!where!they!qualify! as!basic!financial!instruments.

2.!INCOME

Donationsandlegacies
Donations
IncomefromInvestments
Dividends
Portfoliointerest
Termdepositinterest
TotalIncome		 2024
2023
£
£
75
3
49,658
47,029
763
138
3,273
891
53,694
48,058
53,769
48,061

Page!11.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

3.!EXPENDITURE

ExpenditureonGeneratingIncome
Portfoliomanagementfees
Otherfundraisingcosts
CharitableActivities
Grantstoindividuals
Grantstoinstitutions
GovernanceCosts
Legalandprofessionalfees
Independentexaminers'fees
Othergovernancecosts
Supportcosts
Consultancyfees
Accountancyfees
Advertising
ITCosts
Trustee'sexpenses
Othertravelexpenses
Bankcharges
Sundryexpenses
Depreciationofequipment
Amortisationofwebsite
TotalExpenditure		 2024
2023
£
£
8,707
9,295
190
87
8,897
9,382
32,459
20,433
19,419
17,319
51,878
37,752
150
222
500
325
34
56
684
603
13,343
10,987
-
875
-
199
247
193
237
350
489
338
30
30
3
8
224
5
213
512
14,786
13,497
76,245
61,234

Included!in!governance!and!support!costs,!above,!are!the!fees!payable!to!the!Independent!Examiner of!the!Accounts:

IndependentExaminationFees
AccountancyFees		 500
325
-
875
500
1,200

The!Charity!had!no!employees!during!the!year,!and!incurred!no!employment!related!costs.!!No!trustees!have!been! paid!any!remuneration!or!received!any!other!benefits!as!an!employee!with!the!Charity!or!a!related!entity.!

Page!12.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

4.!GRANTS!PAYABLE

Full!details!of!the!grants!payable!for!the!year!are!shown!below.

Area
Equipment
Therapy
Learning/development
DisabledSports
RespiteCare
Other		 PayabletoInstitutions PayabletoInstitutions PayabletoIndividuals PayabletoIndividuals TotalGrantsPayable
2024
£
11,169
2,250
3,500
-
2,500
-		 2023
£
10,319
3,000
3,000
-
1,000
-		 2024
£
18,260
6,024
-
5,000
3,175
-		 2023
£
11,626
5,628
-
2,500
679
-		 2024
2023
£
£
29,429
21,945
8,274
8,628
3,500
3,000
5,000
2,500
5,675
1,679
-
-
51,878
37,752
19,419 17,319 32,459 20,433

Details!of!aggregated!grants!made!to!institutions!of!more!than!£1,000.

Institution
Purpose
ChaileyHeritage
Equipment
ChestnutTreeHouse/StBarnabas
RespiteCare
ChildrenToday
Equipment
HandicappedChildren’sActionGroup
Equipment
InternationalNepalFellowship
Therapy
KatNatDisabledEquipment
Equipment
TreloarTrust
Equipment
Whoopsadaisy
Learning/development
Otherinstitutions		 2024
2023
£
£
2,836
1,000
2,500
1,000
-
1,919
3,333
-
1,000
2,000
3,500
-
-
4,400
1,500
1,000
4,750
6,000
19,419
17,319

5.!INTANGIBLE!FIXED!ASSETS

INTANGIBLEFIXEDASSETS
Cost
Asat1August2023
Andasat31July2024
Amortisaation
Asat1August2023
Chargefortheyear
Asat31July2024
NetBookValue
Asat1August2023
Asat31July2024		 Website
£
£850		 Total
£
£850
213
213		 213
213
£426 £426
£637 £637
£424 £424

Page!13.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

6.!TANGIBLE!FIXED!ASSETS

Cost
Asat1August2023
Additions
Disposals
Asat31July2024
Depreciation
Asat1August2023
Chargefortheyear
Releasedondisposals
Asat31July2024
NetBookValue
Asat1August2023
Asat31July2024
.INVESTMENTS
a)FixedAssetInvestments(EndowmentFunds)
Reconciliationofinvestments
ListedInvestments
Carryingvalueat1August2023
Additionsduringtheyear
Disposalsatcarryingvalue
Netgain/(loss)onrevaluation
CashandCashEquivalents
Cashheldbyinvestmentmanagersforreinvestment
Carryingvalueat31July2024
Analysisbyinvestmenttype
ListedInvestments
FixedIncome
UKEquity
InternationalEquity
Other
CashandCashEquivalents
b)CurrentAssetInvestments(UnrestrictedFunds)
Termdepositsforlessthanoneyear		 Office
Equipment
£
1,067
1,049
(1,067)		 Total
£
1,067
1,049
(1,067)
£1,049 £1,049
1,053
210
(1,053)		 1,053
210
(1,053)
£210 £210
£14 £14
£839 £839
2024
£
1,203,025
120,451
(101,550)
89,270		 2023
£
1,214,769
20,037
(20,394)
(11,387)
£1,311,196
4,768		 £1,203,025
27,946
£1,315,964 £1,230,971

7.!INVESTMENTS

Term!deposits!for!less!than!one!year

Page!14.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

8.!DEBTORS

Incomeheldbyinvestmentmanagers
CREDITORS:AmountsFallingDuewithinOneYear
TradeCreditors
GrantsPayable
Accruedexpenses
Movementsonthegrantspayableaccount,whichareallpayablewithinoneyear:
Grantobligationsat1August2023
Grantsexpenditureinyear
Approvals
Smallgrantspaid
Unusedamountsreversed
Paymentsinyear
Grantobligationsat31July2024		 2024
£
£3,938		 2023
£
£2,194
2024
£
1,147
5,279
1,526		 2023
£
1,105
7,068
1,911
£7,952 £10,084
£
7,068		 £
-
45,958
7,420
(1,500)		 31,706
6,046
-
51,878
(53,667)		 (30,684)
£5,279 £7,068

9.!CREDITORS:!Amounts!Falling!Due!within!One!Year

10.!FUNDS

At1August
Aspreviouslystated
Prioryearadjustments
Endowment
Other
Restatedbalance
Netoutgoingresources
FundTransfers
Fundsat31July2024
Investment
Gains/(Losses)		 2024 2023
Unrestricted
Funds
£
1,367,380
(1,230,972)
(6,645)		 Endowment
Funds
£
-
1,230,972
(711)		 Total
Funds
£
1,367,380
-
(7,356)		 Unrestricted
Funds
£
1,388,790
(1,253,273)
(1,876)		 Endowment
Funds
Total
Funds
£
£
-
1,388,790
1,253,273
-
(714)
(2,590)
1,252,559
1,386,200
(9,295)
(13,173)
-
-
(13,003)
(13,003)
£1,230,261
£1,360,024
129,763
(13,769)
(58)
-		 1,230,261
(8,707)
58
93,609		 1,360,024
(22,476)
-
93,609		 133,641
(3,878)
-
-
£115,936 £1,315,221 £1,431,157 £129,763

Transfers!between!funds!represent!income!from!investments!that!have!been!automatically!reinvested!in!capital.

Page!15.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

11.!COMPARATIVE!AMOUNTS

a)!Comparative!Statement!of!Financial!Activities

Income
Donations
Investments
Expenditureon
GeneratingIncome
CharitableActivities
GovernanceCosts
OtherSupportCosts
Taxationpayable
Netlossesoninvestments
Netexpenditurefortheyear
Reconciliationoffunds
TotalFundsBroughtForward
TOTALFUNDSCARRIEDFORWARD
b)ComparativeAnalysisOfFundAssets
FixedAssets
Investments
Otherassetsandliabilities
Netexpenditurefortheyearbefore
investmentlosses
Netexpenditurefortheyearbefore
taxation		 Unrestricted
Funds
£
3
48,058		 Endowment
Funds
£
-
-		 Total
Funds
£
3
48,058
48,061 - 48,061
87
37,752
603
13,497		 9,295
-
-
-		 9,382
37,752
603
13,497
51,939 9,295 61,234
(3,878)
-		 (9,295)
-		 (13,173)
-
(3,878)
-		 (9,295)
(13,003)		 (13,173)
(13,003)
(3,878)
133,641		 (22,298)
1,252,559		 (26,176)
1,386,200
£129,763 £1,230,261 £1,360,024
Unrestricted
Funds
£
651
-
129,112		 Endowment
Funds
£
-
1,230,971
(710)		 Total
Funds
£
651
1,230,971
128,402
129,763 1,230,261 1,360,024

Page!16.

The!Cheyne!Charity!for!Children!with!Cerebral!Palsy Notes!to!the!Accounts!(Continued)

For!the!year!ended!31!July!2024

12.!PRIOR!YEAR!ADJUSTMENTS

Adjustments!have!been!made!to!prior!year!figures!in!relation!to!grants!committed!and!various!accrued!expenditure

Openingfundsaspreviouslystated
Endowmentfundtransfer
OtherAdjustmentsfor:
Grantscommitted
Expenditureaccruals
Fixedassets-capitalisewebsitecosts
Incomeoffsetagainstrevaluation
Costsoffsetincomereceived
Revaluationofinvestments
Overalladjustmenttooperatingresult
Openingfundsasrestated		 2024 2023
Total
Funds
£
1,388,790
-
Unrestricted
Funds
£
1,367,380
(1,230,972)		 Endowment
Funds
£
-
1,230,972		 Total
Funds
£
1,367,380
-
(7,068)
9
413
1,001
(30)
(970)		 -
(711)
-
-
-		 (7,068)
(702)
413
1,001
(30)
(970)		 -
(2,590)
-
-
-
-
(1,237,617) 1,230,261 (7,356) (2,590)
129,763 1,230,261 1,360,024 1,386,200

13.!TRANSACTIONS!WITH!TRUSTEES!AND!RELATED!PARTIES

3.TRANSACTIONSWITHTRUSTEESANDRELATEDPARTIES
a)Trustees'Expenses
Travelandsubsistence
SubsistenceforTrustees'Meetings
Trusteesreimbursedforexpensesorwhohadexpensespaidbythecharity
b)CommitteeMembers'Expenses
Travelandsubsistence
Committeemembersreimbursedforexpenses
orwhohadexpensespaidbythecharity		 2024
£
74
163		 2023
£
250
100
£237 £350
No
1		 No
1
2024
£
174		 2023
£
104
No
1		 No
1

Committee!members!are!those!"Friends!of!the!Charity"!who!attend!the!Grant!Making!Committee!meetings!to! assist!and!advise!the!Trustees!with!their!decisions!for!awarding!grants.

c)!Transactions!with!related!parties

The!following!amounts!were!paid!to!Rohan!&!Co!for!legal!services,!a!business!in!which!Mr!Rohan!is!a!partner.

2024 2023
£ £
150 222

Legal!services