REGISTERED COMPANY NUMBER: 07229248 (England and Wales) REGISTERED CHARITY NUMBER: 1135666 Strategic Report, Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2024 for Voice of the Child
Voice of the Child for the Year Strategic Report For the Year Ended 30 April 2024 Page Strategic Report Report of the Trustees and Statement of Responsibilities 3-11 Independent Examiners Report 12 Statement of Financial Activities 13 Balance Sheet 14-15 Statement of Cash Flows & Notes to the Financial Statements 16-23 Detailed Statement of Financial Activities 24-25
Voice of the Child Strategic Report For the Year Ended 30 April 2024 The trustees present their strategic report for the year ended 30 April 2024. Our Child Contact Centre continues to experience a significant increase in demand for services amidst rising referra Is of complex cases involving relationship breakdowns, domestic violence, and cha Ilenging family dynamics. Th is increased demand, coupled with our limited resources and a small team focused on frontline service delivery, has posed ongoing operational and financial challenges. Challenges: Resource Limitations: Despite the urgent need for dedicated roles in business development, fundraising, and marketing to ensure growth and sustaina bility, financial constraints hinder recruitment. Increased Demand.. The continued rise in complex cases places significant pressure on staff wellbeing and stretches our capacity to deliver timely services. Operation31 Struggles: Staff burnout, minimal wages, and limited funding remain key concerns, exacerbated by the ongoing backlog of family referrals. Strategic Priorities,. To addres5 these challenges, we recognise the need for 3 dedicated focus on growth, sustainability, and awareness. Key priorities include: l. Business Development and Fundraising Recruit a strategic business development and fundraising team to identify and secure funding opportunities and partnerships. Explore low-cost, high-impact initiatives such as online crowdfunding and community fundraising events. Build partnerships with local businesses and community organisations for sponsorships and fin3 ncial support. Marketing and Awareness Establish a marketing and social media team to raise awareness of our services and financial needs. Launch public awareness campaigns to highlight the importance of our work and 3ttr3Ct donations, volunteers, and partnerships. 3. Staff Support and Capacity Building Provide training for managing complex trauma cases and explore opportunities for therapeutic support for staff. Engage volunteers and interns to alleviate pressure on the core team. 4. Operational Improvements Consider extending service hours to reduce the case backlog. Explore partner5hip5 for pro bono support or rent-free premises to reduce operational costs. Conclusion Our cha rity remains committed to meeting the needs of vulnerable familie5 despite significant challenges. To achieve long-term sustainability and growth, we must prioritise strategic investment in business Page 1
development, fundraising, and marketing while continuing to advocate for support from our community and stakeholders. We invite collaboration and support as we continue to provide critical services to families in need. he needs of children are the heart of all our work". Approved by order of the board of trustees on 24101/25 and signed on its behalf by: Phoenix-Ri5es Tabot-ojong Trustee & Oirector of Services Page -2
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 The trustees who are 3150 directors of the charity for the purpose5 of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of FRS 102 Statement of Recommended Practice ISORPI 'Accounting and Reporting by Cha rities, (effective I" January 20151. REFERENCE AND ADMINISTRATIVE DETAIL5 Registered Company number 07229248 (England and Wales) Reglstered Charity number 1135666 Reglstered offlce Unit 8, Beacon Tree Plaza Gillette Way Reading RG2 OBS Trustees C Palmer S Tabot A Fomuso J Ebai P Tabot-ojong Independent examiner Ch ris Sellars FCA STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Voice of the Child was incorporated as 3 company limited by guarantee on 20th April 2010 and registered as a charity on 26th April 2010. The company was established under a Memorandum of Association, which established the objects and power5 of the Charitable Company and is governed by its Article5 of Association. Page 3
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Recruitment and appolntment of new trustees The recruitment and retention of trustees is an ongoing process for Voice of the Child. The role is voluntary- however, it requires commitment and dedication, which makes it increasingly difficult to recruit trustees who are likely to be fully committed to their roles. The recruitment and selection process are robust enough to ensure thal i)ew Iruslee5 fully understand and commit to the responsibility assigned to them. We continue to advertise and accept applications from potential trustees with va ried skills. We also wish to acknowledge the valuable contribution made by our some very committed team of volunteers towards our work. Induction and trainlng of new trustees Induction of new Trustees is undertaken in a structured manner, following an init131 period when potential Board members are invited to attend 35 guest5 to gain an introduction to the charity and meet other Boa rd members. The Executive and Chairman manage the induction,. training and briefings for Trustees on matters concerning the strategic, legal, and operational aspects of the charity are arranged from time to time, with inputs from extern31 consulta nts as well as from the senior staff of the charitv. A skills 3naly5is conducted on the Board informs the Trustee5 of Specific skills and other characteristics and qualities that are needed to enhance its composition, bearing this in mind, new Trustees are currently recruited through personal and professional networks and to date these methods have been successful, although we have found that quite a few suitable. Candidates who have been approached have declined due to having too many existing commitments. Trustees are elected for three years with a third of the Board due for re-election each year. The Board takes responsibllity for all policy decisions. The minutes of B03rd meetings constitute the formal record of proceedings and decisions taken and a pproved by the Directors. The day-to-day operations of the charity are delegated to the Managing Director, who works in close colla boratlon with the members of the Board of Directors, drawin8 upon their expertise as appropriate. Organlsational structure Voice of the Child is directed by a Board of Directors, who are known as Trustees for the pu rposes of charity law and throughout this report are collectively referred to as the Trustees. The Trustees are professional people drawn from various other professional sectors and appointed at the Charity's annual general meeting or formal quarterly board meetings. Their time is given volunt3rily. Meetings are held quarterly, and busine55 is conducted largely by discussion and consensus in formal meetings. STRucfuRE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure a ppropriate controls are in place to provide reasonable assurance against fraud and error. The trustees consider the major risks to which the charity is exposed when updating its strategic plans. These include internal and external risk5 that. if occurring, would be likely to affect finance and resources, staffing and other aspects of the work of the charity. Page 4
oice of the Child Beport of the Trustees for the Year Ended 30 April 2024 rhe trustees are s3t15fied that procedures and systems are in place to monitor and control these risks, to mitigate any impact that they may have on the charity in its future operations. The Board of Trustees held the last formal review of Voice of the Child's major risks and its contingencies and monitoring and control systems on the 12th of March 2024. OBJEcfivES AND ACTIVITIES Oblectlves and Alms The M ission of Voice of the Child, which is built upon our statutory object's clause, is: The promotion of good health, advancement of education and relief of poverty of children and their families, in particular but not exclusively amongst black and minority ethnic communities, by providing a community-ba5ed family support facility The objects of the charity may be summari5ed a5 follows: To empower and strengthen families so they can maximise their parenting capacity, maintain positive family relationships and to improve outcomes for children and young people. To increase the availability and 3ccessibility of specialist resources for improve life opportunities for children and young people with special needs. To raise awareness of the complex needs of Black and M inority Ethnlc. To support children, young people and family members through the promotion and use of culturally appropriate and senritive reeourcer To work proactively in partnership with children, young people, families and relevant organisations to raise awareness and to promote positive outcomes for children and young people. Significant activities Child Contact Services: Providing a safe, comfortable, secure, and supported environment where children of separated families (involved in child protection/childcare proceedings) can enjoy private quality time with significant family members a relaxed, comfortable. safe and supervised environment. It is essential for every child to have the opportunity to develop and mainta in links with Significant family members for long-term psychological and emotional wellbeing. One to one support.. Providing emotional support to familie5 in need. Advocacy.. Supporting children and young people in need to have their views, wishes and feelings represented at professional meetings, to improve outcomes Page 5
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 Public beneflt The constraints of funding continue to limit the services we provide to the residents of Berkshire. Buckinghamshire and the surrounding counties although like in the previous year, we have continued to See an increase in the demand for our Family Empowerment Hub and Child Contact Services from further afield from Local Authorities, solicitors and courts beyond the South East, e.g. Wales, Swindon, Portsmouth, Bournemouth, London etc Approximately 10489 people lincluding Children & family members). Individuals who benefited from our services this year range from 0 - 55 years of age of which 96% are u nder 18 years old, albeit their parents being the main recipients of support in some cases to improve outcomes for children. We received approximately 3799 enquiries for our services, 3695 of which related to Contacts. approximately 50% of those progressed and resulted in 3 total of 3250 contact sessions of which 94% were supervised contacts, 6% supported contacts. We currently have a long waiting list of approximately 35 families waiting to use our child supervised and 5UPPOrted contact services. Our ambition Is to reach out to 4000 families in need in the next few years to help improve outcomes for children and young people. In planning our projects and activities the trustees of Voice of the Child have complied with their duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles We have continued proactively respond to some the challenges and opportunlties that have presented to us to this year, ensuring that our reputation grows beyond the South East and our Services are accessible nationally. Voice of the Child remains the only NACCC (National Association of Child Contact Centresl accredited contact centre offering both Supervised and Supported contact services weekdays / weekend within a 75 miles radius. This means we have a strategic position in the marketplace and there has been more opportunities to develop our brand and partnerships this year. We have grown our partnership network by a further 25% this year. This includes County Courts, Local authorities and solicitors beyond the South East who refer to clients to our services. Unfortunately, 96% of our referrals do not come with a financial support package, hence the families are expected to pay a subsidised rate for service5, and this is unaffordable for most families. This has presented some challenges for us to creatively find cost effective options to boost our resources to ensure that our services are accessible to families in need. Soclal Works Training and Practice: Through University partnerships, we were able to offer two work-based 100 days or 70 days placement to three undergraduate social Work Student this year. This helped us to reach out to more families. Staffing: We have struggled with staffing this year as the centre operations manager and centre coordinator resigned halfway through the year. However, we successfully recruited three full time Family Centre Support workers. We continued to use sessional, and contractors where required to bridge any gaps. Page 6
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 Voice of the Child has renewed its membership and accreditation with the National Association of Child Contact Centres INACCCI during this accounting period and that Voice of the Child has achieved all the elements required for a child cont3Ct centre offering supervised contact and is an accredited member no. 126515 of the National Association of Child Contact. Consequently. the centre has become more recognised as the only Centre within a 75 miles radius and the demand of our services continues to grow, thus putting pressure on ou r capacity to develop and sustain growth. Summary of our achievements based on individual projects: ACHIEVEMENT AND PERFORMANCE Fundralslng actlvltles Donation / Collection: We are privileged to con51Stently receive in-kind donations valued at a pproximately £43,000 per annum from Centric Community Projects, which cover the c05t of our rent. We would like to express our profound gratitude for their generosity. However, the conditions attached to this offer raise significant concerns. We are required to vacate the property with only one month's notice and are restricted to operating hours of 7..00 AM to 6..00 PM. These limitations make it exceedingly difficult to accommodate school-aged families, who typically seek contact after school or work hours during weekdays. Moreover, there is a potential risk of disruption to the delivery of our unique services to children and families if the landlords were to terminate the contrart with short notice. This situation place5 Us under enormou5 pressure to proactively seek alternative funding to secure a more suitable venue. A sta ble, flexible, and appropriate facility is essential to ensure we can continue responding effectively to the diverse need5 Of vulnerable families with certainty and consistency. Additionally, we received a £2,500 grant from the Ministry of Defence IMODI to support the running costs of our supported contact Services and a £325.00 donation from Thames Valley Family Law society l TVFLS). We are deeply grateful for this contribution, which helps us sustain this vital aspect of our work. FINANCIAL REVIEW Reserves pollcy It is the policy of the cha rity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to at least three months unrestricted expenditure. This provides suff icient funds to cover management, administration, and support costs, and to respond to urgent requests from overseas that may arise from time to time. Flnanclal Revlew There is an increase in income £245,7701£196,037 in 20221231. Total charitable expenditure has increased to £204,7691£204,160 in 20221231. However. the effect of the pandemic continues to pose further complexities for our work in terms of additional resources required to Page 7
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 manage an exponential increase in demand for our services. A bounce back loan was secured to manage staffing and organisational cost during the Covid 19 pandemic and transition to normality. The overall result is that there was a profit of £41,001 for the year. Future Developments We continue to grow our reputation as a key provider of supervised contact and family support services. Ou r priority for the upcoming yea r is to secure the necessary funding to establish and sustain a core fam i ly support team, as well as a dedicated business development and fundraising team, to ensure the long-term sustainability of the charity. Looking forward, we also aim to initiate research projects toward becoming 3 recognized research centre for family breakdown and interventions. This would include building a team of psychologists and psychotherapists to collaborate closely with families and the courts to facilitate smoother family transitions. These efforts will further enhance our capacity to support families effectively while contributing to the broader understanding of family dynamics and the impart of inteNentions. A significant challenge remains securing a permanent and accessible building for our operations. Our current tenancy offers no long-term guarantees. with only a one-month notice period, and is limited bv restricted operating hours. This situation underscores the urgent need for core funding to sustain the charity's staffing, operational expenses, and project development, ensuring our services remain accessible to familie5 in desperate need. Constralnts and Strategy As previously highlighted. a substantial nu mber of contact centres have closed due to the financial strain caused by the pandemic. Our charity is now experiencing a record-bre3king increase in referrals, prima rily linked to relationship breakdowns that occurred during this period. Many families are also traveling from further afield, some from over 75 miles away, to access our services. This increase in demand has placed immense pressure on our limited resource5. At present, we have a backlog of over 35 family referrals awaiting contact, with most fa milies waiting a n average of four months for services. Despite the increasing demand for our services, we have not received government funding, and our reliance on limited grants and community financial support has made it challenging to meet operational needs. Without adequate funding, it has become increasingly difficult to manage core activities, including fundraising efforts critical to advancing the orga nisation's mission. These financial and staffing constraints pose a serious threat to the charity's survival and its ability to meet the growing demand for services. Moving forward, we remain committed to finding creative 501utions to these challenges. Our strategv includes exploring opportunities to engage with government bodies for support and actively pursuing alternative funding sources to stabilize and expand our operations. By breaking the current cycle of financi31 instability, we aim to build a sustainable foundation that ensures we can continue providing essential services to the families that rely on us. Th is report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The notes form part of these financial statements Page 8
Voice of the Child Report of the Trustees for the For the Year Ended 30 April 2024 Approved by order of the board of trustees 24/01125 and signed on its behalf by.. Phoenix-Rises Tabot-ojong Trustee & Director of seiCe5 Page 9
Voice of the Child Report of the Trustees for the Year Ended 30 April 2024 STATEMENT OF TRUST RESPONSIBILITIES The trustees (who are also the directors Voice of the Child for the purposes of company lawl are responsible for preparing the Trustees, Report and the fina ncial statements in accordance with applicable law and United Kingdom Accounting Standards FRS 102 Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charitie5' (effective I" January 20151. Comp3ny13w requires the trustees to prepare financial statements for each financial year that 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 the income and expenditure, of the charitable company for that period. In prepa ring those financial statements, the trustees are required to Select suitable accounting policies and then apply them consistently. Observe the methods and principles of the Charity SORP. Make judgements and estimates that are re350nable and prudent. Prepa re the financial statements on the going concern basis unless it is ina ppropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with the reasonable accuracy at a ny time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are 3150 responsible for the safeguarding assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregu13 rities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Trustees, report incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 24/0112025 and signed on the board'5 behalf by.. The notes form part of these financial statements Page 10
Voice of the Child Report of the Trustees for the For the Year Ended 30 April 2024 Phoenix-Rises Tabot-ojong Trustee & Director of Services Page11
Voice of the Child Independent Examiners Report For the Year Ended 30 April 2024 I report on the accounts for the year ended 30 April 2024 set out on pages 13-23. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144{21 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company 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 tharity Commission (under Section 145151 Ib} of the 2011 Act); and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the 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 statements below. 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 and 387 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 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 to enable a proper understanding of the accounts to be reached. Chris Sellars FCA 27101/2025 Page 12
Voice of the Child statement of Financial Activities For the Year Ended 30 April 2024 30.04.24 Unrestricted funds 30.04.23 Total funds Note5 INCOME AND ENDOWMENTS FROM: Income from charitable activities Donations Grants Child Contact Services & Family Support Other Income 43,325 2,500 189,148 10,797 43.000 2,500 150,537 Total Income and Endowments EXPENDITURE ON Costs of generatlng funds Costs of generating voluntary income Charltable actlvltles Administrative Staff Premises cost Child Contact SeNices &Family Support 245,770 196,037 19,880 14,892 64,886 44,647 75,356 91,535 44,772 52,961 Governance costs Total expendlture 204,769 204.160 NET INCOMING/ (OUTGOING) RESOURCES 41,001 18,1231 RECONCILIATION OF FUNDS Total Funds brought forward 194,0221 {85,8991 TOTAL FUNDS CARRIED FORWARD 153,0211 194,0221 Page 13
Voice of the Child Balance Sheet For the Year Ended 30 April 2024 30.04.24 U nrestricted funds 30.04.23 Total Funds Notes FIXED ASSETS Ta ngible assets io 2,250 2,777 CURRENT ASSETS Debtors: amounts falling due within one year li 306 Cash at bank and in hand 23,485 12,957 CREDITORS Amounts falling due within one year 12 118,1101 (44,3181 NET CURRENT A55ETS 5,681 131,3611 TOTAL ASSETS LESS CURRENT LIABILITIES 7,931 128,5841 CREDITORS Amounts falling due after more than one vear 13 160,9521 165,4381 NEf ASSETS/(LIABILITIES) 153,0211 194,0221 FUNDS Unrestricted funds: General fund 14 153,0211 {94,0221 TOTAL FUNDS 153,0211 194,0221 Page 14
Voice of the Child Balance Sheet For the Year Ended 30 April 2024 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 a nd 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fina ncial yea r in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable companv. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the FRS 102 Statement of Recommended Practice. The financial statements were approved by the Board of Trustees on 25101/2025 and were signed on its behalf by.. Phoenix-Rises Tabot-ojong Trustee & Director of Services Page 15
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 Table I: Statement of cash flows Total Funds Prior year funds Note Cash flows from operating activities: Net cash provided by (used in) operating activities 10,528 16,9391 (Table 2 below) Cash flows from Investlng actlvlties.. Dividends, interest, and rents from investments Proceeds from the sale of property, plant and equipment Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investments Net cash provlded by (used in) investing artivitie5 Cash flows from financing activities: Repayment5 of borrowing Cash inflows from new borrowing Receipt of endowment Net cash provided by (used In) financing artivities 10,528 16,9391 Change in cash and cash equlvalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Change in cash and cash equivalents due to exchange rate movements 10,528 16,9391 12,957 19,896 IT3 ble 3 below) Cash and cash equivalents at the end of the reporting period 23,485 12,957 (Table 3 below) Page 16
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 Table 2: Reconciliation of net movement in funds to net cash flow from operating activities Current Year Prior Year Net movement in funds for the reportlng period (as per the statement of financlal activltles) Adjustments for: Depreciation charges Dividends, interest and rents from investments Fixed asset ladditionsl/d isposal Ilncreasel/decrease in stocks 11 ncrease)/decrease in debtors Increase/ldecreasel in creditors Net cash provided by (used Inj operatlng activlties 41,001 18,1231 1,325 1,331 17981 12,7241 13061 130,6941 10,528 2,577 16,9391 Table 3." Analysis of cash and cash equivalents Current Year Prior Year Cash in hand Notice deposits {less than 30 days) Overdraft facility repayable on demand Total cash and cash equivalents 23,485 12,957 23,485 12,957 Page 17
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 ACCOUNTING POLICIES Basis of preparlng the financlal statements The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their 3ccountS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Financial Reporting St3nd3rd 3pplic3ble in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Accounting convention The financial statements have been prepared under the historical cost convention. and in accordance with the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. The financial statements are prepared, on a going concern basis, under the h istorical cost convention. Incomlng resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basi5 and has been classified under he3dings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefu I life. Taxatlon The charity is exempt from corporation tax on it5 charitable activities. Fund accounting Unrestricted fu nds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can on ly be used for particular restricted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 18
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 VOLUNTARY INCOME 30.04.24 Unrestricted funds 30.04.23 Total funds Donations Donations in the year include, Rent donation of £43,000, and £325 from Thames Valley Family Lawyers Society. COSTS OF GENERATING VOLUNTARY INCOME 30.04.24 Unrestricted Funds 30.04.23 Total Funds Support costs CHARITABLE ACTIVITIES COST5 Direct Costs Support Costs Totals Administrative staff 52,669 12,217 64,886 Premises costs 44,647 44,647 Child Contact Services & Family Support 75,356 75,356 128,025 56,864 184,889 COSTS Finance Management Totals Cost of generating voluntary income Administrative staff Premises cost5 Child Contact Services & Family Support 19,880 64,886 44,647 19,880 64,886 44,647 75,356 75,356 75,356 129,413 204,769 Page 19
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 SUPPORT COSTS 30.04.24 Total activities 30.04.23 Total activities Costs of Administrative generating staff voluntary income Premises costs Postage& stationery Other administrative expenses Bank charges Telephone Insurance & Rent Sundries Staff Training Wages & 531aries Depreciation 70 70 63 16,915 2,929 5.616 22,567 2,929 3,011 44,647 2,195 19,766 3,274 2,701 44,772 2,853 3,011 44,647 2,195 52,669 1,325 52,669 1,325 76,439 1,331 19,880 64,886 44,647 129,413 151,199 GOVERNANCE COSTS 30.04.24 Unrestricted funds 30.04.23 Total funds Independent examiner's fees NET INCOMING/(OUTGOINGI RESOURCES Net resources are stated after cha rging/lcreditingl'. 30.04.24 30.04.23 Unrestricted Total Funds Funds Depreciation - owned assets Page 20
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 TRUSTEES, REMUNERATION AND BENEFITS Trustees did not receive remuneration neither for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses There were no trustees, expenses paid neither for the year ended 30 April 2024 nor for the year ended 30 April 2023. STAFF COSTS 30.04.24 30.04.23 Wages and salaries 52,669 76,439 The average monthly number of employees during the year was as follows; 30.04.24 30.04.23 No employees received emoluments in excess of £60,000. io. TANGIBLE FIXED ASSETS Plant and Machinery Fixtures a nd fittings Totals COST On l May 2023 and 30 April 2024 Addltions 46,190 6,943 53.133 798 47,988 798 53,931 6.943 DEPRECIATION l May 2023 Charge for year 30 April 2024 43,413 6,943 50,356 44,739 6,943 51,682 NET BOOK VALUE 30 April 2024 30 April 2023 Page 21
Voice of the Child Notes to the Financial Statements Forthe Year Ended 30 April 2024 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.04.24 30.04.23 Other debtors 306 12. CREDITORS: AMOUNTS FALLING DUE WITHIN I YEAR 30.04.24 30.04.23 Trade Creditors Other creditors Loans 818 7,292 769 33,549 18.110 44,318 Included within Other loans is a COVID bounce back loan of £IO,00012023.' £10,000), which is 100% guaranteed by the government. 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.04.24 30.04.23 Other loans - 1-2 years Included within Other loans is a COVID bounce back loan of £34,64412023.' £39,130), which is lOO% guaranteed by the government. Page 22
Voice of the Child Notes to the Financial Statements For the Year Ended 30 April 2024 14. MOVEMENT IN FUNDS Net Movement In Funds At 1.05.23 At 30.04.24 Unrestricted Funds General Fund 194,0221 41,001 153,0211 TOTAL FUNDS 194,0221 41,001 {53,0211 Net movernent in fund5, included in the above are as follows.. Income Resources Resources expended Movement in funds Unrestrlcted funds General fu nd 245,770 1204,769) 41,001 TOTAL FUNDS 245,770 1204,7691 41,001 Page 23
Qice of the Child Qetailed Statement of Financial Activities forthe Year Ended 30 April 2024 30.04.24 Unrestricted funds 30.04.23 Total funds INCOME AND ENDOWMENTS Donations 43,325 43,000 Incomin8 resources from charitable activitles Child Contact Services & Family Support Grants other Income 189,148 2,500 10,797 150,537 2,500 Total Income and endowments 245,770 196,037 EXPENDITURE ON Charitable activities Wages Rent, Rates and Water Child Contact Services &Family Support 52,669 43,000 75,356 76,439 43,000 52,961 171,025 172,400 Governance costs Independent examiner's fees 1,200 1,200 Support costs Management Telephone Posta8e and stationery Software Subscriptions Other expenditure Marketing Accountancy Plant, machinery, fixtures and fittings- Depreciation Entertainment Staff training and welfare Repairs & Maintenance Travel & subsistence Legal & Professional 3,011 70 216 1,692 2,195 1,861 564 1,325 419 1,427 4,238 6,670 4,280 2,701 63 656 2,674 2,853 208 564 1,331 4,610 2,273 7,231 350 29,168 26,714 Finance Insurance Bank charges 1,647 2,929 1,772 3,274 4.576 5,046 Total resources expended 204,769 204.160 Page 24
Voice of the Child Detailed Statement of Fina ncial Activities for the Year Ended 30 April 2024 30.04.24 Unrestricted funds 30.04.23 Total funds Net incoming resources/ (outgoing resources) 41,001 18,1231 This does not form part of the statutory financial statements Page 25