Company registration number: 06542380 Charity registration number: 1124485 ## **TREWAN SANDS CHILDREN'S TRUST** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **31 MARCH 2024** Horsfield & Smith Independent Examiner Tower House 269 Walmersley Road Bury Lancashire BL9 6NX ## **TREWAN SANDS CHILDREN'S TRUST** ## **CONTENTS** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 10| |Statement of Trustees' Responsibilities|11| |Independent Examiner's Report|12| |Statement of Financial Activities|13| |Balance Sheet|14| |Notes to the Financial Statements|15 to 25| TREWAN SANDS CHILDREN'S TRUST REFERENCE AND ADMINISTRATIVE DEfAILS Charity Registration Number 1124485 Company Registration Number 06542380 Trustees Mr Andrew Dawson Mrs Louise Dawson Mrjohn Bowker Mr Paul Charnock Mrs Rhea Charnock Secretary Mrs Louise Dawson Registered Office Pennine House Pennine Business Park Pilsworth Road Heywood Lancashire OLIO 2TL Independent Examiner Horsfield & Smith Chartered Accountants 269 Walmersley Road Bury Lancashire BL9 6NX The charity is incorporated in England and Wales. TREWAN SANDS CHILDREN'S TRUST TRUSTEES, REPORT The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. Structure, governance and management Nature of governing document Trewan Sands Children's Trust is a charitable company limited by guarantee, registered as a charity on Ilth June 2008. Its governing document is in the form of a Memorandum and Articles of Association, incorporated on 25th March 2008. Objectives and activities Objects and aims The objects of the charity are: To relieve sickness of disabled and terminally ill children in the UK (who may be accompanied by their parents, guardians or carers) and who would not otherwise have a holiday and whose circumstances show that they are in need due to their social and economic circumstances. To provide holidays for other members of the community who would not otherwise have a holiday and whose circumstances show that they are in need, due to their age, infirmity and social and economic circumstances. TREWAN SANDS CHILDREN'S TRUST TRUSTEES, REPORT Aims of the charity To raise enough funding through donations by businesses, to provide more holidays and equipment for the children and their families. To help the children become more positive about their own capabilities, their self-worth and their future. To help the children grow in confidence by challenging themselves and trying new activities. To offer a Fun Packed Activity Programme for children. To increase the number of children and families we help every year. To provide these families with Memories to Cherish Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. **TREWAN SANDS CHILDREN’S TRUST** ## **TRUSTEES’ REPORT** ## **Achievements and performance** Trewan Sands have seen a significant increase in the number of beneficiaries that we have helped since the Covid-19 pandemic. We have seen once again a huge trend in donators unable to make monetary donations due to business closures and due to their increase in running costs, with some willing to donate goods or equipment instead. To this end, we have had to re-prioritise and diversify more into Community based events, activities and donations of services and equipment to keep our commitment to the community, volunteering, shopping, getting prescriptions and taking families who do not drive for their vaccinations. We have also helped our families by providing care and hygiene support packages. These packs include laundry items, personal hygiene items and cleaning products. We support children and young people with life-limiting illnesses and disabilities and provide special needs equipment and disability aids free of charge. We have had many successful breakthrough experiences with some of the children and young people that, have only been achieved with our support We have given Educational Support for Parents/Carers of Children and Young People with Disabilities – provided communication aids and the tools to help parents/carers develop communication with children and young people. We have provided the following activities free of charge to families with children and young people with disabilities or life limiting conditions that have needed our support and that meet our criteria: Easter Egg and Toy Appeal - Delivering Easter Eggs, toys and equipment to Families, Hospices, Local Hospital Children’s wards and Special Educational Needs Schools, Children’s Homes and Women’s Refuge. 4 **TREWAN SANDS CHILDREN’S TRUST** ## **TRUSTEES’ REPORT** We have been donated various equipment including; Makaton bundles, strollers, hoists, sensory equipment, car seats, special needs buggies & covers, wheelchairs, accessories and high chairs, various equipment for the home; children’s clothing; beds and bedding, sensory equipment; Food, toiletries have also been provided and donated. We are receiving Donations from all over the country that need to be collected and delivered by Trustee’s and volunteers. We have also funded schools to help make “Memories to Cherish” by providing weeks away at the Daisy Chain Project in Blackpool 5 **TREWAN SANDS CHILDREN’S TRUST** ## **TRUSTEES’ REPORT** We have run numerous events: 6 TREWAN SANDS CHILDREN'S TRUST TRUSTEES, REPORT Financial review The results for the year and the Charity's financial position at the end of the year are shown in the attached financial statements. Poliry on reserves The Board and the Management Team recognise the need to develop a more substantial level of unrestricted reserves to secure the company's future viability but are aware that in the charitable sector this is not always possible or desirable. The Board are agreed that reasonable levels of unrestricted reserves are required to finance working capital needs to fund the time delay in receiving the pledge to receiving the actual donation. **TREWAN SANDS CHILDREN’S TRUST** ## **TRUSTEES’ REPORT** ## **Plans for future periods** Our plans for the future are to continue to strive to enhance all of our achievements, involve, and help many more children, young people, and their families/carers, providing the much needed specialist equipment and support that they deserve and without our support would miss out on. We realise the potential to further increase the number of beneficiaries that we support each year, whilst continuing to provide donated equipment to help our families. We are looking to offer day trips to special need schools – enabling community involvement and partnership working with other charities and local businesses, parents and carers of children and young people with disabilities and illnesses. We are looking forward to continue with our annual Fun Days/Adventure days, which allow the children to interact with other children and families; this is beneficial to not only the children with disabilities and terminal illnesses but also their parents/carers and siblings. These have been a great success over the past years and we are excited to continue running numerous events throughout this year including: "Wear Yours Pj's Day" Carnival Fun Day 10 pubs in 10 km's Cycle Rides Music Festival "Radfest" Halloween Party Christmas Fun Day Winter Wonderland Fun Music Festival. We are still working closely in partnership with 5* Ribby Hall Village, Narrow Boat Holidays and The Daisy Chain Project. We have once again, been chosen as PR World Travel's Charity of the Year, which enables us to secure the best discounts for the holidays. We have secured companies and groups that we are working closely with as their charity partner including local sports teams, public houses and businesses. 8 **TREWAN SANDS CHILDREN’S TRUST** ## **TRUSTEES’ REPORT** 9 TREWAN SANDS CHILDREN'S TRUST TRUSTEES, REPORT Financlal Instruments Credit n5k The Charity's principal financial assets are bank balances and cash. The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. Liquidfty rlsk In order to rnaintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Charity uses its unrestricted reserves. The annual report was approved by the trustees of the charity on behalf by: and signed on its Mrs Louise Dawson Company secretary io TREWAN SANDS CHILDREN'S TRUST sTATEmE￿r OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Trewan Sands Children'5 Trust for the purposes of company law) are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FR5 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland.. Company law require5 the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustee5 are required to: select suitable accounting policies and apply them consistently," observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards. cornprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disc105e with reasonable accurary at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2CK)6. They are a150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on .".!I l. Iz and signed on its behalf by: Mrs Louise Dawson Trustee 11 TREWAN SANDS CHILDREN'S TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TREWAN SANDS CHILDREN'S TRUST I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the CharIt￿S trustees of the Company {and also Its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5}(bl of the 2011 Act. Independent examinees statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examlnatlon glvlng me cause to believe: l. accounting records were not kept in respect of Trewan Sands Chlldren's Trust as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records; or 3. the accounts 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 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021]. 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 accounts to be reached. 7erJ **Income and Endowments from:**
Donations
3
Investment income
4
Total Income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total Expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**funds**
**£**
204,535
189
204,724
(49,072)
(139,384)
(188,456)
16,268
16,268
2,632
18,900|**Total**
**2024**
**£**
204,535
189
204,724
(49,072)
(139,384)
(188,456)
16,268
16,268
2,632
18,900|**Total**
**2023**
**£**
195,796
66| |---|---|---|---| ||||195,862| ||||(62,667)
(133,144)| ||||(195,811)| ||||51| ||||51
2,581| ||||2,632| All of the charity's activities derive from unrestricted continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 17. 13 TREWAN SANDS CHILDREN'S TRUST BALANCE SHEET AS AT 31 MARCH 2024 (REGISTRATION NUMBER: 06542380) 2024 2023 Note Current assets Debtors Cash at bank and in hand 13 24,627 28,840 18,027 30,075 14 53,467 48,102 Creditors: Amounts falling due within one year 15 (22,331} {23,031) Total assets less current liabilities 31,136 25,071 Creditors: Amounts falling due after more than one year 16 (12,236} (22,4391 Net assets 18,900 2,632 Funds of the ¢harity: Unrestricted income funds Unrestricted 18,900 2,632 Total funds 17 18,900 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the CornpaniesAct 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of bts accounts for the year in question in accordance with section 476: and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Thefi 'al statements on pages 13 to 25 were approved by the trustees. and authorised for issue and signed on their behalf by: Mrs Louise Dawson Trustee 14 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **1 General information** The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Pennine House Pennine Business Park Pilsworth Road Heywood Lancashire OL10 2TL ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Trewan Sands Children's Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. 15 **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Raising funds**_ These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _**Grant provisions**_ Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. 16 **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation** **Asset class Depreciation method and rate** Motor vehicles 25% straight line ## **Debtors** Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Borrowings** Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## **Fund structure** General unrestricted funds are funds that can be used in accordance with the charitable objects at the discretion of the Trustees. Designated unrestricted funds are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. 17 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** Restricted funds are funds that can only be used for particular restricted purposes wihtin the objects of the charity. Restrictions arise when specified by a donor or when funds are applied for, for particular restricted purposes. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. ## **3 Income from donations** |Donations and legacies;
Gifts and donations
Gift aid reclaimed
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
181,299
23,236
204,535
195,796|**Total**
**funds**
**£**
181,299
23,236| |---|---|---| |||204,535| |||195,796| 18 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **4 Investment income** |Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
189
189
66|**Total**
**funds**
**£**
189| |---|---|---| |||189| |||66| ## **5 Expenditure on raising funds** ## **a) Costs of generating donations** |**Note**
Allocated support costs
7
**Total for 2024**
**Total for 2023**
**6 Expenditure on charitable activities**
**Note**
Grant funding of activities
Allocated support costs
7
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
49,072
49,072
62,667
**Unrestricted**
**funds**
**General**
**£**
40,491
98,893
139,384
133,144|**Total**
**funds**
**£**
49,072| |---|---|---| |||49,072| |||62,667| |||**Total**
**funds**
**£**
40,491
98,893| |||139,384| |||133,144| 19 **TREWAN SANDS CHILDREN'S TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **7 Analysis of support costs** ## **Raising funds expenditure** ## **Costs of generating donations and legacies** |**Raising funds expenditure**
**Costs of generating donations and legacies**|||| |---|---|---|---| |Wages and salaries
Social security costs
Employers pension
Telephone
Fundraising costs|**Unrestricted**
**funds**
**General**
**£**
43,568
370
412
4,506
216
49,072|**Total**
**2024**
**£**
43,568
370
412
4,506
216
49,072|**Total**
**2023**
**£**
55,586
319
522
6,042
198| ||||62,667| 20 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **Charitable activities expenditure** |Trustees remuneration
Trustees social security
Trustees employers pension
Rent
Light and heat
Insurance
Repairs and maintenance
Computer software
Printing, postage and stationery
Sundry and other costs
Motor expenses
Car leasing expenses
Independent examiners fees
Accountancy fees
Bank charges
Bank interest
Loan interest
Equipment leasing|**Unrestricted**
**funds**
**General**
**£**
55,400
1,265
377
21,723
2,447
406
134
501
944
918
3,043
2,753
3,300
170
1,525
2
697
3,288
98,893|**Total**
**2024**
**£**
55,400
1,265
377
21,723
2,447
406
134
501
944
918
3,043
2,753
3,300
170
1,525
2
697
3,288
98,893|**Total**
**2023**
**£**
55,400
1,957
377
20,748
2,453
747
257
436
1,303
1,095
3,365
2,709
3,300
251
1,944
-
945
5,016| |---|---|---|---| ||||102,303| ## **8 Grant-making** ## **Analysis of grants** |**Analysis**
Holidays and events|**Grants to**
**individuals**
**2023**
**£**
27,976| |---|---| 21 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **9 Net incoming/outgoing resources** Net incoming resources for the year include: |Operating leases - other assets
Trustees remuneration
Accountancy fees - independent examination|**2024**
**£**
27,764
55,400
3,300|**2023**
**£**
25,150
55,400
3,300| |---|---|---| ## **10 Trustees remuneration and expenses** During the year the charity made the following transactions with trustees: ## **Mr Andrew Dawson** Mr Andrew Dawson received remuneration of £18,800 (2023: £18,800) during the year. Consent under clause 5.2.5 of the Memorandum of Association was received from the Charity Commission on 9th June 2008 allowing the charity to employ Mr A Dawson. These payments were made in respect of management services to the charity. ## **Mrs Louise Dawson** Mrs Louise Dawson received remuneration of £36,600 (2023: £36,600) during the year. Consent under clause 5.2.5 of the Memorandum of Association was received from the Charity Commission on 9th June 2008 allowing the charity to employ Mrs L Dawson. These payments were made in respect of management services to the charity. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 22 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **11 Staff costs** The aggregate payroll costs were as follows: |**11 Staff costs**
The aggregate payroll costs were as follows:||| |---|---|---| |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
98,968
1,635
789
101,392|**2023**
**£**
110,986
2,276
899| |||114,161| The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: |Management
Administration|**2024**
**No**
2
1
3|**2023**
**No**
2
4| |---|---|---| |||6| No employee received emoluments of more than £60,000 during the year. 23 ## **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **12 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **13 Debtors** |Prepayments
Other debtors
**14 Cash and cash equivalents**
Cash on hand
Cash at bank
**15 Creditors: amounts falling due within one year**
Bank loans
Other taxation and social security
Other creditors
**16 Creditors: amounts falling due after one year**
Bank loans|**2024**
**£**
627
24,000
24,627
**2024**
**£**
1,079
27,761
28,840
**2024**
**£**
10,203
6,720
5,408
22,331
**2024**
**£**
12,236|**2023**
**£**
641
17,386| |---|---|---| |||18,027| |||**2023**
**£**
1,079
28,996| |||30,075| |||**2023**
**£**
9,951
6,822
6,258| |||23,031| |||**2023**
**£**
22,439| 24 **TREWAN SANDS CHILDREN'S TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **17 Funds** |**17 Funds**|||| |---|---|---|---| |**Balance at 1**
**April 2023**
**£**
**Unrestricted**
General
2,632
**Balance at 1**
**April 2022**
**£**
**Unrestricted**
General
2,581
**18 Analysis of net assets between funds**
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Incoming**
**resources**
**£**
204,724
**Incoming**
**resources**
**£**
195,862|**Resources**
**expended**
**£**
(188,456)
**Resources**
**expended**
**£**
(195,811)
**Unrestricted**
**General**
**£**
53,467
(22,331)
(12,236)
18,900
**Unrestricted**
**General**
**£**
48,102
(23,031)
(22,439)
2,632|**Balance at 31**
**March 2024**
**£**
18,900| ||||**Balance at 31**
**March 2023**
**£**
2,632| ||||**Total funds**
**2024**
**£**
53,467
(22,331)
(12,236)| ||||18,900| ||||**Total funds**
**2023**
**£**
48,102
(23,031)
(22,439)| ||||2,632| ## **19 Related party transactions** There were no related party transactions in the year. ## **20 Controlling entity** The ultimate controlling party is the Trustees who are all directors of the company. 25