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2023-03-31-accounts

Charity Registration No. 1137436

Company Registration No. 7309125 (England and Wales)

CHILDREN TODAY CHARITABLE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

CHILDREN TODAY CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N Rose Mr P Evans Mr M White Charity number 1137436 Company number 7309125 Registered office 17b Telford Court Chester Gate Business Park Dunkirk Chester Cheshire CH1 6LT Independent examiner McLintocks (NW) Limited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9PX

CHILDREN TODAY CHARITABLE TRUST

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 19

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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) (effective 1 January 2019)".

Objectives and activities

The objects of the charity which operates as Children Today are:

"the relief of children and young people living in the community who are sick or disabled, or who have learning difficulties, by the provision of equipment or services calculated to increase their independence and to improve their conditions of life". In furtherance of these objects but not otherwise, the trustees may exercise a number of powers. There have been no changes to the Objects since the Trustees' last report.

Vision and Mission

Children Today's Vision is:

"a society in which children and young people with disability or illness are enabled to achieve their potential."

Our Mission is:

"to improve the quality of life of children and young people with disability or illness throughout the United Kingdom".

Both the vision and mission statements are subject to regular review.

Children Today will achieve its Mission by:

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

At Children Today we believe that all disabled children and young adults should have access to the support and equipment they need to live the life they choose, today. The trustees attach significant importance to their aim of offering support as quickly as possible. With this in mind, families are offered advice and help from the initial enquiry stage through a range of pathway toolkits dependent on their individual needs and requirements. All applications for adapted equipment are then reviewed quarterly by our Grants Panel. The application process is very straightforward and any bureaucracy is kept to a minimum.

Our application process is specifically for individuals who must be the parent or legal guardian of the beneficiary. The trustees are also very conscious of the needs of young adults with sickness or disability who may experience difficulties associated with equipment supply. Therefore, young adults, those aged between 18 to 25 years, are encouraged to apply directly to Children Today on their own behalf. The trustees are unable to accept applications from organisations.

Applicants are encouraged to re-apply for funding for additional equipment as their needs of their child changes as they grow. We are happy to accept one application in any twelve-month period until the beneficiary reaches the age of twenty five.

Our ethos is based on a fundamental belief that children and young people with disabilities should be enabled to achieve their potential. We believe they should have the right tools and support to have the freedom to do so and do not judge what that potential might be. While clearly expressed above in our Objects, the trustees recognise it is the actions we take on a daily basis that will demonstrate whether or not Children Today is continually "adding value" by delivering our services in a manner that is friendly, inclusive, supportive and caring.

The trustees encourage everyone involved with Children Today (including employees, volunteers, donors and fundraisers) to recognise that, as a small charity, we may not be able to support children and young people in huge numbers. However, we can make a significant and long-term impact to the families we help by striving to achieve the highest levels of service. One way in which we do this is by building long-term relationships with our beneficiary families. Part of this process is through our family follow up support calls which enable us to get direct, honest feedback on the equipment they received and the impact our support has had.

Children Today has an ethos and policy of inclusion. Our policies and procedures are designed and implemented so as not to discriminate against any child or young person who is sick or disabled.

At Children Today we strive to continually improve our policy of inclusion whilst still being aware of the constraints of our legal remit. In practice, this means our services are equally and fairly available to all - regardless of their condition or disability, learning difficulty, nationality, ethnicity, gender, sexual orientation, religious or spiritual beliefs. The trustees acknowledge and subscribe to the United Nations Convention on the Rights of the Child (1989) and the UN Standard Rules on the Equalisation of Opportunities for Persons with disabilities (1993).

A key function of our advocacy role is to promote ability not disability.

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Public Benefit

After taking regard of the Charity Commission guidance on public benefit, Children Today Charitable Trust is able to demonstrate public benefit because;

The charity also takes care in its activities to:

Strategic Aims

The trustees determined the strategic aims of Children Today to be:

~ Raising awareness of the issues affecting children and young people with disabilities and illness

~ Communicating with stakeholders to develop and sustain relationships

During the year Children Today has continued to invest in the family support we offer through our now named Pathway Services. These services support families from first enquiry including guidance in identifying need and arranging assessments, completing applications, identifying suppliers as well as offering any additional fundraising support the families may need. Whilst we continue to support directly providing urgently-needed adaptive equipment, the service constitutes a significant part of our overall expenditure. We are seeking to continue to grow our investment in our pathway services as the number of vulnerable families in need of such support continues to increase, particularly post COVID.

Achievements and performance

The charity’s operations and activities were still significantly impacted by the Covid pandemic and relevant restrictions during the course of the financial year. Despite this, the charity continued to raise funds and support children, young people and families in need. This year also saw Children Today aim to decrease their overall expenditure by making positive decisions such as the reduction of office space and implementation of new donor database software and phone system. These strategies, whilst meaning extra costs in the short term, are helping reduce long-term expenditure and ensuring long-term sustainability.

An investment in family support and services has also meant Children Today have been able to support families and their children on pathways to accessing the appropriate adapted equipment they need.

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Grants

During the year Children Today directly provided funding for 78 pieces of adapted equipment. The average grant made was just under £1,000 with the largest single grant £11,019.

Feedback

A variety of families and the children we have supported over the year have offered us their feedback on the process and help we offer. We are proud that 100% of families that completed our post support survey would recommend us to others and over 95% asked said they found it easy to access the support and help they needed from Children Today. We have included some quotes from families who took the time to complete the survey here:

“We are eternally grateful for the equipment you so kindly bought us and I’d like to show a massive appreciation to those who made this possible, Children Today and donators too. You’re all so kind for making such a positive impact on my daughter’s life. Thank you!!”

“It was a simple process and it absolutely changed our quality of life as a family. When I received the call saying Children Today were helping provide the buggy, I cried. Mobility is something we all tend to take for granted.”

“Thankyou for making our lives so much easier, for giving us the ability to get out into the world and make memories together, to go to visit places & have fun where we weren't able to previously. It means the world to us.”

To show how impactful some of this equipment can be, another of our beneficiaries during this time is 11-year-old Cody who we supported to get a much-needed adapted trike. His mum, Alisha , explains: “We first realised there was something different with Cody at about 10-months-old. He had been hitting some of his physical milestones, but he wasn’t babbling and chatting the way most babies do, and at two years-old he was diagnosed with Global Development Delay. Since then, we’ve also found out he has Epilepsy, Autism and ADHD. As a family we love cycling, but obviously our ‘Cody Bear’ can’t ride a regular bike as it wouldn’t be safe for him. Not only is he at risk of having a seizure, but he has the mental age of a three-year-old, so has little danger awareness. Cody is an absolute whirlwind and has so much energy, so it can be a challenge to keep him busy and entertained at home. He loves the outdoors and is never happier than when he’s out and about, exploring. We call him our ‘Curious George’ after the cartoon character".

This amazing trike has meant he can finally join his younger brother, Logan, and the rest of his family on bike rides. Cody’s trike has special adaptations including rear-steering control and brakes, which allows his parents and brother to help direct and stop Cody if needed. It also has a lap belt, harness and padding meaning if Cody has a seizure whilst on the trike he can’t injure himself. Cody’s dad, Steve, says: “The trike can actually be adapted to grow with him, so it will last him well into adulthood and, crucially, it breaks down easily into smaller parts, so we can take it further afield. I can also attach it to my own bike for longer bike rides, but he’s still able to pedal and get exercise.”

Alisha continues: “When we looked into getting an adapted trike, it was ridiculously expensive. So, we were incredibly grateful that Children Today was able to help. Having the trike has made a huge difference to us as a family. Simply being able to all go out on bike rides together is a major thing for us and watching him being able to play with his brother, Logan, is just amazing. The first week we got the trike we went to a local park, and for the first time ever we were able to just sit back and watch Cody play with Logan and his cousins, knowing he was safe. Usually, we have to carefully supervise his every move, so seeing him have the freedom to play and be more independent was a very emotional moment.” We are proud to keep changing lives, like Cody’s.

Support

Whilst the majority of our money comes from a large number of individual donors, a number of organisations and trusts have also supported us during the year. We continue to strengthen our relationships with our individual donors and have seen growth in income from a number of trusts and organisations that have chosen to support our cause.

Plans for future periods

The charity plan to continue meeting their objectives and mission statement.

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

Principal funding sources

Fundraising at Children Today is focused around four key programmes:

  1. Community Fundraising - staff working across the North West work with local people to raise funds and identify families that may benefit from our work. Activities include sponsored walks, bucket collections and more.

  2. Direct mail - we have an ongoing programme of fundraising via Direct Mail, with an audience of several thousand people.

  3. Events - We seek to develop events that focus on inclusivity.

  4. Corporate Donations and Sponsorship - Children Today works with businesses and trade organisations who support the charity by raising money or direct donations.

Investment policy

The trustees have the power to invest in such assets as they see fit.

Financial Summary

This report covers the period April 2022 to March 2023 our thirteenth full year since incorporation.

The Statement of Financial Activities for the year shows income of £364,668 and expenditure of £364,267. This has resulted in an overall surplus of £401.

Restricted income, that is donations for a specific purpose, were £30,042. Other unrestricted income was £334,626, comprising donations and legacies of £322,602 , fundraising £11,925 and investment income of £99.

The balance sheet shows a surplus on unrestricted funds available at 31 March 2023 of £32,052 and restricted funds of £11,472 resulting in an overall fund balance of £43,524.

Reserves Policy

Reserves are required by Children Today Charitable Trust to enable the charity to continue its operations in the event of significant short-term fluctuations in income and expenditure; to meet its contractual obligations and to cover any unforeseen events that may be beyond its control.

It is the trustees' policy to maintain unrestricted funds, which are the free reserves of the charity, at a level in line with the Charity Commission’s recommendations of three to six months expenditure on management, governance and support which is currently being met.

Principal risks and uncertainties

The trustees have considered the potential impact and likelihood of occurrence of risks throughout the organisation's activities. They have assessed the major risks to which the charity is exposed, particularly those relating to the operations and finances of the Charity, and are satisfied that systems are in place to satisfy current Charity Commission guidelines to mitigate our exposure to the major risks.

Fundraising regulation

The Charity participates in the Fundraising Regulator's voluntary regulation scheme. The trustees consider the Charity has complied with The Code of Fundraising Practice as outlined on the Fundraising Regulator's website at www.fundraisingregulator.org.uk/code.

CHILDREN TODAY CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

Governing document

Children Today Charitable Trust was founded in its original legal form by trust deed on 14th April 1994.

The Charity was incorporated on 8th July 2010 and is controlled by its governing document, a deed of trust and constitutes a company, limited by guarantee as defined by the Companies Act 2006, registered number 7309125 and registered Charity number 1137436.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr N Rose

Mr P Evans

Mr M White Ms R Franklin (Resigned 8 July 2023)

Method of appointment or election of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.

Trustees are selected when required according to the skills they bring to the charity.

Organisational structure

Children Today Charitable Trust is governed by a Board of Trustees/Directors responsible for strategic direction, who delegate operational and management responsibility to the Chief Executive Officer. A small team supports the Chief Executive Officer in these duties and responsibilities. The Trustees meet with the Chief Executive Officer and staff at least four times each year and receive regular reports on all development.

The Chair of Trustees meets on a regular basis with the Chief Executive Officer to supplement this, to review activity and to monitor progress, underpinning the communication and information requirements of the Trustees to make decisions on strategy.

Children Today, at the time of reporting, employs 7 people, this includes part-time members of staff.

The trustees' report was approved by the Board of Trustees.

Mr P Evans Trustee

21 December 2023

CHILDREN TODAY CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHILDREN TODAY CHARITABLE TRUST

I report to the trustees on my examination of the financial statements of Children Today Charitable Trust (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). 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.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Michael Caputo FCA McLintocks (NW) Limited

2 Hilliards Court Chester Business Park Chester Cheshire CH4 9PX

Dated: 21 December 2023

CHILDREN TODAY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
322,602
30,042
Other trading activities
4
11,925
-
Investments
5
99
-
Total income
334,626
30,042
Expenditure on:
Raising funds
6
19,328
-
Charitable activities
7
316,278
28,661
Total resources expended
335,606
28,661
Net (expenditure)/income for
the year/
Net movement in funds
(980)
1,381
Fund balances at 1 April 2022
33,032
10,091
Fund balances at 31 March
2023
32,052
11,472		 Total Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
352,644
271,402
4,299
11,925
66,319
-
99
2
-
364,668
337,723
4,299
19,328
33,594
-
344,939
280,257
12,119
364,267
313,851
12,119
401
23,872
(7,820)
43,123
9,161
17,911
43,524
33,033
10,091		 Total
2022
£
275,701
66,319
2
342,022
33,594
292,376
325,970
16,052
27,072
43,124

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CHILDREN TODAY CHARITABLE TRUST

BALANCE SHEET

AS AT 31 MARCH 2023

2023
Notes
£
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
3,250
Cash at bank and in hand
81,554
84,804
Creditors: amounts falling due within
one year
17
(44,137)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
19
Unrestricted funds		 2022
£
£
2,357
500
2,857
12,327
63,520
75,847
(35,706)
40,667
43,524
11,472
32,052
43,524		 £
2,483
500
2,983
40,141
43,124
10,091
33,033
43,124

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 21 December 2023

Mr P Evans Trustee

Company registration number 7309125

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Children Today Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 17b Telford Court, Chester Gate Business Park, Dunkirk, Chester, Cheshire, CH1 6LT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered where conditions have been met at the year end but are unpaid are included as a commitment in accrued expenditure.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Support and governance costs are split between raising funds and charitable activities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant accounting estimates or judgements in the accounts.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
246,602
30,042
Legacies receivable
76,000
-
322,602
30,042
4
Other trading activities		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
276,644
256,495
4,299
76,000
14,907
-
352,644
271,402
4,299		 Total
2022
£
260,794
14,907
275,701
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising events 11,925 63,889
Shop income - 2,430
Other trading activities 11,925 66,319
5 Investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Deposit account interest 99 2
6 Raising funds
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Appeals 19,328 17,050
Support costs (see note 9) - 16,544
19,328 33,594

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Charitable activities

Servicing
Servicing
provision of
provision of
equipment
equipment
and family
and family
support support
2023 2022
£ £
Family liaison and support staff 168,210 127,538
Depreciation and impairment 736 462
168,946 128,000
Grant funding of activities (see note 8) 92,855 68,332
Share of support costs (see note 9) 79,842 90,788
Share of governance costs (see note 9) 3,296 5,256
344,939 292,376
Analysis by fund
Unrestricted funds 316,278 280,257
Restricted funds 28,661 12,119
344,939 292,376

8 Grants payable

Servicing
Servicing
provision of
provision of
equipment
equipment
and family
and family
support support
2023 2022
£ £
Equipment purchased 92,855 68,332
92,855 68,332

Children Today provided £92,855 towards the purchase of vital adapted equipment for the year to 80 beneficiaries.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

9 Support costs

Support costs
Governance
costs
£
£
Operating lease
charges
10,296
-
Premises costs
3,727
-
Office administration
costs
33,670
-
Consultancy fees
19,250
-
Travel and
subsistence
12,160
-
Advertising and PR
402
-
Bank charges
337
-
Professional fees
-
500
Audit and
accountancy fees
-
2,796
79,842
3,296
Analysed between
Fundraising
-
-
Charitable activities
79,842
3,296
79,842
3,296		 2023
£
10,296
3,727
33,670
19,250
12,160
402
337
500
2,796
83,138
-
83,138
83,138		 Support
costs
Governance
costs
£
£
13,656
-
4,512
-
50,173
-
28,750
-
8,561
-
824
-
856
-
-
1,650
-
3,606
107,332
5,256
16,544
-
90,788
5,256
107,332
5,256		 2022
£
13,656
4,512
50,173
28,750
8,561
824
856
1,650
3,606
112,588
16,544
96,044
112,588

Governance costs includes payments to the independent examiners of £3,840 (2022- £3,780).

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

11 Employees

Number of employees

The average monthly number of employees during the year was:

Multidisciplinary
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
7
2023
£
155,545
9,111
3,554
168,210		 2022
Number
6
2022
£
119,370
5,804
2,364
127,538

Key management personnel for the charity comprise the trustees and the CEO. The total employee benefits of the key management personnel were £nil (2022 - £nil).

Wages and salaries are broken down as £145,605 for family liaison staff and £22,605 for support staff.

There were no employees whose annual remuneration was £60,000 or more.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Tangible fixed assets

Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2022 54,410
Additions 609
At 31 March 2023 55,019
Depreciation and impairment
At 1 April 2022 51,926
Depreciation charged in the year 736
At 31 March 2023 52,662
Carrying amount
At 31 March 2023 2,357
At 31 March 2022 2,483

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

14
Fixed asset investments
Cost or valuation
At 1 April 2022 & 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
Other investments comprise:
Notes
Investments in subsidiaries
16
15
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 Other
investments
500
500
500
2023
2022
£
£
500
500
2023
2022
£
£
944
10,021
2,306
2,306
3,250
12,327

16 Subsidiaries

Details of the charity's subsidiaries at 31 March 2023 are as follows:

Name of undertaking Nature of business Class of % Held
shares held Direct
Children Today Limited Dormant Ordinary 100.00

The registered office of the subsidiary is 17b Dunkirk Trading Estate, Chester Gates, Dunkirk, Chester, Cheshire, CH1 6LT.

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
4,034
37,586
757
1,760
44,137		 2022
£
2,396
31,444
266
1,600
35,706

18 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £3,554 (2022 - £2,364).

19 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2021 resources expended 1 April 2022 resources expended 31 March 2023
£ £ £ £ £ £ £
Restricted
income for
equipment 17,911 4,299 (12,119) 10,091 30,042 (28,661) 11,472
20 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 31
March 2023 are
represented by:
Tangible assets 2,357 - 2,357 2,483 - 2,483
Investments 500 - 500 500 - 500
Current assets/(liabilities) 29,195 11,472 40,667 30,050 10,091 40,141
32,052 11,472 43,524 33,033 10,091 43,124

CHILDREN TODAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

21 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
8,580
1,430
10,010		 2022
£
8,580
10,010
18,590

22 Related party transactions

During the year there were no related party transactions (2022 - £nil).