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: 

- •!!examine!the!accounts!under!section!145!of!the!2011!Act 

- •!!to!follow!the!procedures!laid!down!in!the!general!Directions!given!by!the!Charity!Commission!under!! !!!!section!145(5)b!of!the!2011!Act 

- •!!to!state!whether!particular!matters!have!come!to!my!attention 

## **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: 

- (1)!!which!gives!me!reasonable!cause!to!believe!that!in!any!material!respect!the!requirements: 

   - •!!to!keep!accounting!records!in!accordance!with!section!386!of!the!Companies!Act!2006!and 

   - •!!to!prepare!accounts!which!accord!with!the!accounting!records,!comply!with!the!accounting!requirements! !!!!of!section!396!of!the!Companies!Act!2006!and!with!the!methods!and!principles!of!the!Statement!of! !!!!Recommended!Practice:!Accounting!and!Reporting!by!Charities 

have!not!been!met!or 

- (2)!!to!which,!in!my!opinion,!attention!should!be!drawn!in!order!to!enable!a!proper!understanding!of!the !!!!!!!accounts!to!be!reached 

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<br>**INCOMEfrom**<br>2.<br>Donations<br>Investments<br>**Total**<br>**EXPENDITUREon**<br>3.<br>GeneratingIncome<br>CharitableActivities<br>GovernanceCosts<br>OtherSupportCosts<br>**Total**<br>**Netexpenditurebeforetax**<br>Taxpayable<br>Netgains/(losses)onInvestments<br>**Netincome/(expenditure)fortheyear**<br>Transfersbetweenfunds<br>**Netmovementinfundsfortheyear**<br>**Reconciliationoffunds**<br>10.<br>TotalFundsBroughtForward<br>**TOTALFUNDSCARRIEDFORWARD**<br>**Netexpenditureaftertaxbefore**<br>**investmentgains/(losses)**|Unrestricted<br>Funds<br>£<br>75<br>53,694|2024<br>Endowment<br>Funds<br>£<br>-<br>-|2023<br>Total<br>Funds<br>Total<br>Funds<br>£<br>£<br>75<br>3<br>53,694<br>48,058<br>53,769<br>48,061<br>8,897<br>9,382<br>51,878<br>37,752<br>684<br>603<br>14,786<br>13,497<br>76,245<br>61,234<br>(22,476)<br>(13,173)<br>-<br>-<br>(22,476)<br>(13,173)<br>93,609<br>(13,003)<br>71,133<br>(26,176)<br>-<br>-<br>71,133<br>(26,176)<br>1,360,024<br>1,386,200<br>£1,431,157<br>£1,360,024|
|---|---|---|---|
||53,769|-||
||190<br>51,878<br>684<br>14,786|8,707<br>-<br>-<br>-||
||67,538|8,707||
||(13,769)<br>-|(8,707)<br>-||
||(13,769)<br>-|(8,707)<br>93,609||
||(13,769)<br>(58)|84,902<br>58||
||(13,827)<br>129,763|84,960<br>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**<br>Donations<br>**IncomefromInvestments**<br>Dividends<br>Portfoliointerest<br>Termdepositinterest<br>**TotalIncome**|2024<br>2023<br>£<br>£<br>75<br>3<br>49,658<br>47,029<br>763<br>138<br>3,273<br>891<br>53,694<br>48,058<br>**53,769**<br>**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**<br>Portfoliomanagementfees<br>Otherfundraisingcosts<br>**CharitableActivities**<br>Grantstoindividuals<br>Grantstoinstitutions<br>**GovernanceCosts**<br>Legalandprofessionalfees<br>Independentexaminers'fees<br>Othergovernancecosts<br>**Supportcosts**<br>Consultancyfees<br>Accountancyfees<br>Advertising<br>ITCosts<br>Trustee'sexpenses<br>Othertravelexpenses<br>Bankcharges<br>Sundryexpenses<br>Depreciationofequipment<br>Amortisationofwebsite<br>**TotalExpenditure**|2024<br>2023<br>£<br>£<br>8,707<br>9,295<br>190<br>87<br>8,897<br>9,382<br>32,459<br>20,433<br>19,419<br>17,319<br>51,878<br>37,752<br>150<br>222<br>500<br>325<br>34<br>56<br>684<br>603<br>13,343<br>10,987<br>-<br>875<br>-<br>199<br>247<br>193<br>237<br>350<br>489<br>338<br>30<br>30<br>3<br>8<br>224<br>5<br>213<br>512<br>14,786<br>13,497<br>**76,245**<br>**61,234**|
|---|---|



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

|IndependentExaminationFees<br>AccountancyFees|500<br>325<br>-<br>875<br>500<br>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<br>Equipment<br>Therapy<br>Learning/development<br>DisabledSports<br>RespiteCare<br>Other|PayabletoInstitutions|PayabletoInstitutions|PayabletoIndividuals|PayabletoIndividuals|TotalGrantsPayable|
|---|---|---|---|---|---|
||2024<br>£<br>11,169<br>2,250<br>3,500<br>-<br>2,500<br>-|2023<br>£<br>10,319<br>3,000<br>3,000<br>-<br>1,000<br>-|2024<br>£<br>18,260<br>6,024<br>-<br>5,000<br>3,175<br>-|2023<br>£<br>11,626<br>5,628<br>-<br>2,500<br>679<br>-|2024<br>2023<br>£<br>£<br>29,429<br>21,945<br>8,274<br>8,628<br>3,500<br>3,000<br>5,000<br>2,500<br>5,675<br>1,679<br>-<br>-<br>51,878<br>37,752|
||19,419|17,319|32,459|20,433||



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

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



## **5.!INTANGIBLE!FIXED!ASSETS** 

|**INTANGIBLEFIXEDASSETS**|||
|---|---|---|
|**Cost**<br>Asat1August2023<br>Andasat31July2024<br>**Amortisaation**<br>Asat1August2023<br>Chargefortheyear<br>Asat31July2024<br>**NetBookValue**<br>Asat1August2023<br>Asat31July2024|Website<br>£<br>£850|Total<br>£<br>£850|
||213<br>213|213<br>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**<br>Asat1August2023<br>Additions<br>Disposals<br>Asat31July2024<br>**Depreciation**<br>Asat1August2023<br>Chargefortheyear<br>Releasedondisposals<br>Asat31July2024<br>**NetBookValue**<br>Asat1August2023<br>Asat31July2024<br>**.INVESTMENTS**<br>**a)FixedAssetInvestments(EndowmentFunds)**<br>**Reconciliationofinvestments**<br>ListedInvestments<br>Carryingvalueat1August2023<br>Additionsduringtheyear<br>Disposalsatcarryingvalue<br>Netgain/(loss)onrevaluation<br>CashandCashEquivalents<br>Cashheldbyinvestmentmanagersforreinvestment<br>Carryingvalueat31July2024<br>**Analysisbyinvestmenttype**<br>ListedInvestments<br>FixedIncome<br>UKEquity<br>InternationalEquity<br>Other<br>CashandCashEquivalents<br>**b)CurrentAssetInvestments(UnrestrictedFunds)**<br>Termdepositsforlessthanoneyear|Office<br>Equipment<br>£<br>1,067<br>1,049<br>(1,067)|Total<br>£<br>1,067<br>1,049<br>(1,067)|
|---|---|---|
||£1,049|£1,049|
||1,053<br>210<br>(1,053)|1,053<br>210<br>(1,053)|
||£210|£210|
||£14|£14|
||£839|£839|
||2024<br>£<br>1,203,025<br>120,451<br>(101,550)<br>89,270|2023<br>£<br>1,214,769<br>20,037<br>(20,394)<br>(11,387)|
||£1,311,196<br>4,768|£1,203,025<br>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<br>**CREDITORS:AmountsFallingDuewithinOneYear**<br>TradeCreditors<br>GrantsPayable<br>Accruedexpenses<br>Movementsonthegrantspayableaccount,whichareallpayablewithinoneyear:<br>Grantobligationsat1August2023<br>Grantsexpenditureinyear<br>Approvals<br>Smallgrantspaid<br>Unusedamountsreversed<br>Paymentsinyear<br>Grantobligationsat31July2024|2024<br>£<br>£3,938|2023<br>£<br>£2,194|
|---|---|---|
||2024<br>£<br>1,147<br>5,279<br>1,526|2023<br>£<br>1,105<br>7,068<br>1,911|
||£7,952|£10,084|
||£<br>7,068|£<br>-|
||45,958<br>7,420<br>(1,500)|31,706<br>6,046<br>-|
||51,878<br>(53,667)|(30,684)|
||£5,279|£7,068|



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

## **10.!FUNDS** 

|At1August<br>Aspreviouslystated<br>Prioryearadjustments<br>Endowment<br>Other<br>Restatedbalance<br>Netoutgoingresources<br>FundTransfers<br>Fundsat31July2024<br>Investment<br>Gains/(Losses)||2024|||2023|
|---|---|---|---|---|---|
||Unrestricted<br>Funds<br>£<br>1,367,380<br>(1,230,972)<br>(6,645)|Endowment<br>Funds<br>£<br>-<br>1,230,972<br>(711)|Total<br>Funds<br>£<br>1,367,380<br>-<br>(7,356)|Unrestricted<br>Funds<br>£<br>1,388,790<br>(1,253,273)<br>(1,876)|Endowment<br>Funds<br>Total<br>Funds<br>£<br>£<br>-<br>1,388,790<br>1,253,273<br>-<br>(714)<br>(2,590)<br>1,252,559<br>1,386,200<br>(9,295)<br>(13,173)<br>-<br>-<br>(13,003)<br>(13,003)<br>£1,230,261<br>£1,360,024|
||129,763<br>(13,769)<br>(58)<br>-|1,230,261<br>(8,707)<br>58<br>93,609|1,360,024<br>(22,476)<br>-<br>93,609|133,641<br>(3,878)<br>-<br>-||
||£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**<br>Donations<br>Investments<br>**Expenditureon**<br>GeneratingIncome<br>CharitableActivities<br>GovernanceCosts<br>OtherSupportCosts<br>Taxationpayable<br>Netlossesoninvestments<br>**Netexpenditurefortheyear**<br>**Reconciliationoffunds**<br>TotalFundsBroughtForward<br>**TOTALFUNDSCARRIEDFORWARD**<br>**b)ComparativeAnalysisOfFundAssets**<br>FixedAssets<br>Investments<br>Otherassetsandliabilities<br>**Netexpenditurefortheyearbefore**<br>**investmentlosses**<br>**Netexpenditurefortheyearbefore**<br>**taxation**|Unrestricted<br>Funds<br>£<br>3<br>48,058|Endowment<br>Funds<br>£<br>-<br>-|Total<br>Funds<br>£<br>3<br>48,058|
|---|---|---|---|
||48,061|-|48,061|
||87<br>37,752<br>603<br>13,497|9,295<br>-<br>-<br>-|9,382<br>37,752<br>603<br>13,497|
||51,939|9,295|61,234|
||(3,878)<br>-|(9,295)<br>-|(13,173)<br>-|
||(3,878)<br>-|(9,295)<br>(13,003)|(13,173)<br>(13,003)|
||(3,878)<br>133,641|(22,298)<br>1,252,559|(26,176)<br>1,386,200|
||£129,763|£1,230,261|£1,360,024|
||Unrestricted<br>Funds<br>£<br>651<br>-<br>129,112|Endowment<br>Funds<br>£<br>-<br>1,230,971<br>(710)|Total<br>Funds<br>£<br>651<br>1,230,971<br>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<br>Endowmentfundtransfer<br>OtherAdjustmentsfor:<br>Grantscommitted<br>Expenditureaccruals<br>Fixedassets-capitalisewebsitecosts<br>Incomeoffsetagainstrevaluation<br>Costsoffsetincomereceived<br>Revaluationofinvestments<br>Overalladjustmenttooperatingresult<br>Openingfundsasrestated||2024||2023<br>Total<br>Funds<br>£<br>1,388,790<br>-|
|---|---|---|---|---|
||Unrestricted<br>Funds<br>£<br>1,367,380<br>(1,230,972)|Endowment<br>Funds<br>£<br>-<br>1,230,972|Total<br>Funds<br>£<br>1,367,380<br>-||
||(7,068)<br>9<br>413<br>1,001<br>(30)<br>(970)|-<br>(711)<br>-<br>-<br>-|(7,068)<br>(702)<br>413<br>1,001<br>(30)<br>(970)|-<br>(2,590)<br>-<br>-<br>-<br>-|
||(1,237,617)|1,230,261|(7,356)|(2,590)|
||129,763|1,230,261|1,360,024|1,386,200|



- ° separating!the!disclosure!of!the!endowment!fund; ° provision!for!grants!committed; ° provision!of!accruals!or!creditors!for!costs!where!previously!accounted!for!on!cash!basis; ° write!off!the!carrying!value!of!the!old!website!and!capitalise!replacement!costs; ° separate!various!income,!costs!and!revaluation!of!investments!where!previously!offset. 

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

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