CACH-ALL Registered Charity No.. 1335276 CACH-ALL Financial Statement For the Year Ended 31 December 2024
CACH-ALL Registered Charity No: 1335276 Charit Information Pa TRUSTEES Deanna Benedict Helen Rudolf Malcolm Dixon Sarah Laws Clare Stephens REGISTERED ADDRESS 12 Yerbury Road London N19 4RL CHARITY NUMBER 1135276 INDEPENDENT ACCOUNTANT JM Accountants 137 Cherry Crescent Rossendale BB4 6DS BANKERS Lloyds Bank 25 Gresham Street London EC2V 7HN GOVERNING INSTRUMENT Trust deed dated 11 May 2017
CACH-ALL Registered Charity No: 1335276 Trustees Re ort The Trustees submit their report and unaudited financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's trust deed, the Gharilies Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice" applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and the Republic of Ireland {FRS 102). Legal and administrative information set out on page 2 forms part of this report. Trustees The trustees are responsible for the general conlrol and management of CACH-ALL as part of the Charity's Committee. They are named as follows: Deanna Benedict Co-chair Helen Rudolf Steven Lane Sarah Laws Co-chair Treasurer Treasurer Secretary Secretary Membership Secretary Resigned 13 Jan 2024 Appointed 23 June 2024 Resigned 18 Mar 2024 Appointed 18 March 2024 Imogen Smith Clare Stephens Malcolm Dixon Trustees. Res onsibilities The Trustees are responsible for preparing the Trustees Annual Report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law requires the Trustees to prepare financial statemenls for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, inclLJding the income and expenditure, of the charity for that year. In preparing those financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles of the Charitable SORP. Make judgements and estimates Ihat are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable association will continue in business. The Trustees are responsible lor keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charity. This report has been prepared in accordance wtth the Slatemenl of Recommended Practice: Accounting and Reporting by Charities (issued in January 2015) and in accordance with the special provisions applicable to small companies.
CACH-ALL Registered Charity No: 1335276 Trustee Recruitment & Trainin The Trustees may appoint any person who is willing to act as a Trustee. Each Trustee shall retire with effect from the conclusion of the AGM next after his or her appointment but shall be eligible for re-election at that AGM. The Trust Deed provides for foLJr Trustees. All Trustees are skilled to carry out their responsibilities, however. if any further training is identified it will be provided. Princi al Activities and Ob"ects of the Chari To support and relieve the needs of families who have or are intending to adopt a child transnationally andlor transracially. To advance the education of the public in short and long term issues related to transnational and transracial adoptions. To advance the education of transnationally andlor transracially adopted children and their families in the interests of social welfare and for recreation and leisure time occupation with the object of improving their conditions of life. Achievements and Performance The joint Chairs are pleased lo report that CACH-ALL has had good year supporting its members with face to face meetings and gatherings. CACH-ALL was able to deliver a well- attended Reunion, a popular CACH-ALL Festival atlended by 96 of our members and approve 4 Cach All Awards to qualifying adoptees {2023 - 5 awards)- The Committee notes that membership numbers have continued to fall during the year and as of March 2024 we had 379 member families down from just under 400. Cach All Awards The Trustees approved 5 applications ranging from a homeland trip to China to a group trip of 3 adoptees to Venice. The fifth application for a cultural and educational trip to Thailand and Taiwan has yet to be paid out. Applicants for CACH-ALL Award grants are subject to a lifetime limit of £500 and applications for approval of an award must take place before the activity is undertaken (although the claim may be completed after the activity in agreed circumstances). Applicants must have been CACH-All members for at least two years before submitting an application. Income received into the fund is made up as follows: 2024 2023 Gift Aid Raffle proceeds - reunion Raffle proceeds - festival 2,260 1,145 223 405 194 Total 599 3.628
CACH-ALL Registered Charity No: 1335276 The balance of the Cach All Award funds at the end of the year stands at £11,272 {2023: £11,865) and includes all donations that have been made specifically for this fund. The trustees decided to allocate this year's gift aid to the unrestricted funds. General Fund and Reserves Polic The Trustees deem it prudent to maintain a minimum reserve balance of £10,000 in the general fund and confirm that this goal has been achieved throughout 2024. Activities for the year have resulted in an unrestricted surplus of £3,817 {2023- deficit £18,891 }. Accordingly, unrestricted reseNes stood at £40.002 at year end {2023: £36,185). Income and expenditure are detailed on page 10 onwards, but the surnmary below provides an overview of how members, subscriptions have been used: 2024 2023 Membership income Donations & fundraising (inc gift aid) Interest 13,000 3,067 371 13,780 457 322 Magazine Reunion net cost Festival net cost {1,112) {23.930) {5.993) (200) (510) (o) (1,705) {18,891) (5,369) (4,770) (235} (314) (o) (1,931) 3,817 Other events Committee expenses Other costs Administration - Accounting. IT, bank charges Net Income Reunion We had 217 attendees (2023: 237) including 47 adoptees (2023: 61) aged under 18 and 40 adoptees (2023: 36) age over 18. It was held at the same venue - Mercure Hotel in Daventry. The decision was made for the 2024 reunion to not have exclusive use of the hotel. This decision was made for Iwo main reasons: a large cost to the 2023 Reunion budget was to cover empty rooms as we do not have as many members attending 2. the membership demographic of adoptees is now older. Without exclusive use of the Mercure Hotel in Daventry we still had a range of activities including workshops for adoptees and parents. We also had a range of speakers including a Q&A with an adoptees panel. The stalls in the foyer were a highlight including CACH ALL members, crafts and various fundraising activities for CACH ALL. Our dinner entertainment included dancing and the ever-popular photo boolh. Below outlines the comparison of the 2023 and 2024 Reunion budget:
CACH-ALL Registered Charity No: 1335276 Summa Income Expenditure Net Cost 2023 Summa Income Expenditure Nel Cost 2024 3.435 (27,365) (23,930) 5,996 (11.365) (5.369) Thanks to Jen and Denise Huxtable our reunion co-ordinators for doing a lantastic job on another successful reunion. Festival There were 96 attendees at the Umberslade Summer Festival this year. The adults enjoyed the opportunity to catch up with other families and watch our young people enjoy themselves. Particular highlights were the cookout, enhanced bushcraft and French ceilidh. Mindful of both cost and of the older demographic of our members we did not have a bouncy castle this year, but an excellent time was had by all attendees. Thanks to Tony and his team for all their hard work resulting in another fantaslic summer festival. Bewl Water 4-day gathering. 13 young people. 1 day was a day commissioned, which cost £492, with Education People. a separate company operating from Bewl Water - that day: team building in the woods. climbing. stand-up paddle boarding {might have been other activities on that day too). Across the other 3 days: canoeing, water park {giant inflatables on the lake), laser tag in the woods, cycling. Income received was from Black Dragons and the costs subsidised by CACH-ALL and the parents pf attendees. Summa Income Expenditure Net Cost 2023 Summa Income Expenditure Net Cost 2024 257 {457) (200) 233 {468) 1235) Ado tee Events Young adult adoptees met up on several occasions in a number of locations during the course of 2024 and an account of these will be provided verbally at the AGM. Ma azine The 2024 magazines, published twice yearly in June and December. Although in the last few years a paper copy of the December magazine was sent out to maintain interest of all members and promote the forthcoming Reunion, both magazines are now issued digitally, primarily due to increasing postal costs. The December magazine highlighted the many wonderful activities and events over the year, particularly the CACH-ALL Reunion and the Festival. bLJi also the trips undertaken via the CACH-ALL Award scheme and the many outings organised by adult adoptees and for younger
CACH-ALL Registered Charity No: 1335276 adoptees. The December 2024 magazine also highlighted the mum's October weekend away. this time to Penrith, Cumbria. This provided lots of fun but also much needed support as we all navigate the challenging path of parenthood. Continued thanks to Caroline who has taken on this role with inspiration and enthusiasm. In addition, regular e-newsletters are distributed to members to keep the, up to dale with hat is happening in CACH-ALL. Public Benefit In planning our activities for the year, we kept in mind Ihe Charity Commission's guidance on public benefit at our Truslees, meeting and will continue to do this in future meetings. We continue to offer advice and sign posting to members o* the UK public who may be exploring the idea of intercountry adoption. Looking fotward to 2024 we are planning the return ol the Reunion al its usual venue at Daventry along with the popular Festival in Tamworth-in Arden. We will continue to look for ways to benefit the children and young adults of the CACH-ALL community and, on an ad hoc basis, support other charities that work with children adopted from overseas and those supporting new adoptions. Financial Review We saw a decrease {6 /.) in membership subscriptions income this year {2023: 9°/.) which reflects an ongoing trend of families leaving the organisation as their families grow up. The year ended on a nei core surplus of £3,817 compared to deficit in 2023: £18,891. As a consequence, general reserves remained healthy and grew from £36,185 to £40,002. Other Events and Activities Regional events can be organised by any member and funding applied for direct to the committee. The Young Adult reps continued a series of regional meet ups for adoptees and sometimes families. Risk Mana emenl The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the risks. Reviewing the known risk factors these continue to be listed as follows: Failure to recruit and embed new officers onto the CACH-All Committee. Failure to adapt the organisation to deliver the programmes and activities to retain membership. Insuff icienl numbers attending Ihe reunion and picnic causing income loss and addition costs. The Committee continues to bear these risk factors in mind at every committee meeting.
CACH-ALL Registered Charity No- 1335276 Goin Concern A charity's ability to continue operations is generally based on the financial stability of an organisation of which there is no issue with CAGH-ALL. It should be noted, however, thai with an outflux of trustees and committee members at the March 2025 AGM, the continuation of the charity will require members stepping forward to take on at least 3 of the 4 trustee positions. Deanna Benedict, Co-chair Helen Rudolf, Co-chair
CACH-ALL Registered Charity No: 1335276 INDEPENDENT ACCOUNTANT'S REPORT TO THE TRUSTEES OF CACH-ALL I report to the Trustees on my examination of the accounts of CACH-ALL ("the charity"} for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the charity, you are responsible for the preparation of the accounls in accordance with the requirements of the Charities Acl 2011 {Ihe 2011 Act"). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5){b) of the 2011 Act. An independent examination does nol involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurances that an independent examination can provide. Consequently, l express no opinion as to whether the accounts present a 'lrue and fair view" and my report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (AccoLJnts and Reporting) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Josie Malloy Bsc FCA for and on behalf of JM Accounting 137 Cherry Crescent Rossendale Lancs BB4 6DS
CACH-ALL Registered Charity No: 1335276 Statement of Financial Activities For the Year to 31st December 2024 Notes Unrestricted Designated Funds Funds Total 2024 Unrestricted Designated Funds Funds Total 2023 Incoming resources Income & endowments from: Donations & Legacies Charitable activities 3.067 21.326 371 3.067 21,925 371 458 3.628 4,086 19.029 322 599 19,029 322 Investments Total 24.764 599 25,363 19.809 3.628 23,437 Resources expended Expenditure on: Charitable Activities 20.947 1.192 22,139 38,71)0 1,704 40,404 Net Income (expenditure) 3,817 (593) 3,224 (18,8911 1,924 116,967) Transfers between funds Net movement in funds 3,817 1593) 3,224 118,891) 1,924 116.9671 Reconciliation of funds Total funds brought forward 12 36.185 11,865 48,050 55.076 9,941 65,017 Total funds carried forward 12 40,002 11.272 51,274 36,185 11,865 48.050 The slatement of financial activities has been prepared on the basis thal all operations are continuing operalions. 10 | Page
CACH-ALL Registered Charity No: 1335276 Balance Sheet As at 31st December 2024 Notes Unrestricted Designated Funds Funds Tota5 2024 Unrestricted Designated Funds Funds Total 2023 Current A55Èts Debtors Cash at bank 2.180 38,918 41.097 2.180 50,189 52,369 952 38,128 39,080 4,500 7,366 11,865 5.452 45,493 50,946 11.272 11,272 Total current assets Creditors- due in less than one year io 1.095 1,095 2,896 2,896 Total Net Assets 37.555 13.720 51,274 36.184 11,865 48,050 Funds of the Charity Unrestricted f unds 12 40.002 40.002 11.272 36,185 36,185 11.865 Designated funds 12 11.272 11,865 Total Funds 40,002 11,272 51,274 36,185 11,865 48.050 The Trustees declare that they have approved the Trustees, report above. Signed for and on behalf of the Trustees Deanna Benedict, Co-chair Helen Rudolf. Co-chair 11 I Page
CACH-ALL Registered Charity No: 1335276 Notes to the Accounts 1 Accounting Policies Basis of acGountin The financial statements have been prepared under the historical cost convention with stems recognised as cost or transaclion value unless otherwise slated in the relevant notes to these accounts. The financial stalements have been prepared in accordance with Ihe Statemenl of Recommended Practice,. Accounting and Reporting by Charities preparing Iheir accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 effective 1 January 2015 and the Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these statements are rounded to the nearest £. The trust constitules a public benefil entity as defined by FRS 102 and has taken advantage of the provisions of Ihe SORP for Charilies applying FRS 102 Uptake Bulletin 1 nol to prepare a Slatemenl ol Cash Flows. Goin Concern There are no material events or condilions that cast any doubt on the charity's ability to continue as a going concern. Income Incoming resources are included in the Statemenl of Financial Activities (SOFA) when the charity becomes entitled lo the resources, the truslees have sufficient cer1ainty that they will receive the resources and the monetary value can be measured with suflicient reliability. enditure reGO nilion Liabilities are recognised as expendilure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable Ihal settlement will be required, and the amount of the obligation can be reliably measured. All expenditure is accounted for on an accruals basis. Taxation As a registered charity Ihe Trust is generally exempt from liability to laxalion and no provision for taxation is therefore required. Donations Donations are recognised in the SOFA when the general income definilion criteria are met. Tax reclaims on donations Incoming resources from lax reclaims are included in the SOFA within the same financial year as the donalions to which they relale. Investment Income This is included in Ihe SOFA when received. 121 Page
CACH-ALL Reglstered Charity No: 1335276 Notes to the Accounts (Continued) Fund Accountin The unrestricted funds comprise those funds that the Truslees are free to use in accordance with the charitable objectives. The designated tunds relate to the Cach Back Fund (see note 13)- Financial Instruments The Trust only has financial assets and financial liabilities ol a kind that qualify as basic financial instruments. Basic financial instmments are initially recognised al transaction value and subsequently measured at their settlemenl value. Critical AcGountin Estimates and Jud ements In the application of the charity's accounting policies the Trustees are required to make judgements, eslimates and assumptions about the carrying amount of any assets and liabilities that are not readily apparent Irom other sources. Such estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may difler from these estimates. Eslimates and underlying assumpiions are reviewed on an ongoing basis. Any revisions to accounling estimates are recognised in the period in which the estimates are revised where the revision on affects that period, or in the period ol the revision as well as in future periods where Ihe revision affects both current and luture periods. No critical accounting estimates and judgements have been made in preparing these financial stalements. 2. Donations and Legacies Unrestricted Funds Designated Funds Total 2024 Total 2023 Donations 619 619 1,826 2,260 Gift Aid 2,448 2.448 3.067 3.067 4,086 131 Page
CACH-ALL Registered Charity No: 1335276 Notes to the Accounts (Continued) 3. Charitable Aclivities- Income Unrestricted Designated Funds Total Total Funds 2024 2023 Membership subscriptions Runion fees 13.000 5.996 2.097 13,000 5,996 2,097 599 13,780 3,435 1,557 Festiva5 fees Fundraising Other event income 599 233 233 257 21,326 599 21,925 19,029 4. Income: Investments Unrestricted Designated Funds Total Total Funds 2024 2023 Bank interest received 371 371 322 5. Expenditure: Charitable Activities Unrestricted Funds Designated Funds Total Total 2023 2024 Reunion costs 11,365 6,867 11.365 6,867 468 27,365 7,550 457 Festival costs Other event costs 468 Maga2ine/newsletter costs Committee expenses Cach All Awards Bank charges Websiteldigital services Accountancy & bookkeeping services Governance costs (note 6) 1,112 510 314 314 1.192 1,192 687 1.704 662 28 687 300 300 185 945 945 830 20.713 1.192 21,905 40,404 141 Page
CACH-ALL Registered Charity No: 1335276 Notes to the Accounts (Continued) 6. Expenditure: Governance Unrestricted Designated Funds Total Total Funds 2024 2023 Independent Accountant's fees 700 700 700 Governance support 245 245 130 Tolal 945 945 830 7. Slaff Costs No staff were employed by the Trust during the year {2023.. £Nil) 8. Truslees No trustees received any remuneralion during the year (2023= £Nil) 1 trustee received expenses for travel costs on behalf of the charity totalling £49 (2023= 3 trustees £313} 9. Debtors Prepayments Total 2024 Total 2023 Prepaid cost: 2025 Reunion Prepaid cost: 2025 Festival Accrued income- Gift Aid Accrued income:2024 Bewl Water 1.663 252 500 195 4.500 257 265 2.180 5,452 10. Credilors due within one year Accruals & Deferred income Total Total 2023 2024 Independent Accountant's fees Reunion 2025 receipts Members. reunion savings Accountancy & bookkeeping fees Magazine printing 700 1.200 316 395 470 315 595 1,095 2.896
CACH-ALL Registered Charity No: 1335276 Notes to the Accounts (Continued) 11. Financial Instruments Carrying amount of financial liabilities Total Total 2024 2023 Debt instruments measured at amortised cost 1.095 2,968 12. Funds of the Charity Balance brought forward Balance carried forward Income Expenditure Transfers Unrestricted funds 36,185 4,764 599 {20.9461 11.192) 122.138) 40.002 11,272 Designated funds 11.865 48.050 25.363 51,274 13. Funds ol the Charily (Previous Year) Balance brought forward Income Expenditure Transfers Balance carried forward Unrestricted funds 55.076 9.941 19.809 3.628 138,700) 11.704) 140,404) 36,184 11,865 Designated funds 65,017 23.437 48.050 161 Page
CACH-ALL Registered Charity No". 1335276 Notes to the Accounts (Continued) 14. Analysis ot Net Assets Between Funds Unrestricted Designated Funds Funds Total 2024 Fund balances as at 31 December 2024 As represented by: Bank Debtors Creditors: amounts falling due within one year Total Net assets 38,918 2.180 11,095) 40.002 11,272 50.189 2,180 11,0951 51,274 11.272 15. Analysis of Net Assets Between Funds Unrestricted Designated Funds Funds Total 2023 Fund balance5 as at 31 December 2023 As represented by: Bank Debtors Creditors: amounts falling due within one year Total Net assets 38.128 952 12,8961 36,184 7.365 4.500 45,493 5,452 12,896) 48,050 11,865 16. Designated Funds 2024 2023 Cach-All Award fund 11,272 11,865 Pur ose of the Cach All Awards Funds: Cach All Awards is Ihe name given to the CACH-ALL Charity Award Scheme which has been sel up to provide grants and bursaries lo individuals or organisations who wish lo undertake activities or projects which are in line with the aims and objeclives of CACH-ALL. Applicants should normally be resident in the UK, will be aged belween 16 and 24 and be either a member of CACH-ALL (Family or Young Adull membership) or an associated organisation to CACH-ALL. Eligible activities for support could be cultural educalion, programmes involving cullural heritage, parenting, family welfare. the development of children adopted from overseas. overseas work programs, language Iraining or other projects such as advancing awareness of, introducing, and running educational or medical programmes overseas. 17 | Page