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← International Children's Palliative Care Network

2025-02-27-accounts

Charity number: 1143712

International Children's Palliative Care Network

Registered number: 07675172

Trustees' report and unaudited financial statements

For the year ended 27 February 2025

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 6
Independent Examiner's Report 7
Consolidated Statement of Financial Activities 8
Consolidated Balance Sheet 9
Charity Balance Sheet 10
Notes to the Financial Statements 11 - 21

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 27 FEBRUARY 2025

Trustees

Dr Justin Baker Dr Hanneke Brits Dr Stephen Connor Robert Jones Dr Regina Okhuysen-Cawley Dr Gayatri Palat Michael Palfreman Ntombizodwa Sithole Dr Michael Tatterton (Resigned 12 April 2025) Dr Christina Vadeboncoeur Dr Tan Ru Wei Dr Esther Nafula Wekesa Gail Hilton (Appointed 1 November 2025) Kira Goodman (Appointed 1 November 2025) Dr Michael McNeil (Appointed 1 November 2025) Dr Hazel Ramirez (Appointed 1 November 2025) Dr Jane Harrop (Appointed 1 November 2025) Dr Spandana Rayala (Appointed 1 November 2025)

Chief Executive Prof Julia Downing Company registered number 07675172 Charity registered number 1143712 Registered office c/o Suite 1b Together For Short Lives Whitefriars Lewins Mead Bristol United Kingdom BS1 2NT Accountants Levicks Chartered Accountants & Business Advisors 61 London Road Maidstone Kent ME16 8TX Bankers NatWest plc 32 Corn Street Bristol BS99 7UG

1

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 27 FEBRUARY 2025

The Trustees present their Annual Report together with the financial statements for the year 28[th] February 2024 to 27[th] February 2025. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

Since the charity and the group qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

During the year the financial sustainability of the Charity vastly improved, although the organisation still remains reliant on ongoing grant applications and fundraising. ICPCN remained extremely busy throughout the year, and we continued to support our members via our core activities of C ommunication, A dvocacy, R esearch, E ducation and S trategic development.

1. OBJECTIVES

The objectives of the charity are to promote worldwide access to palliative care for children with life-limiting and life-threatening conditions, their families and carers and, in particular, the sharing of information, advocacy, education, research and networking. Our vision is that all children living with a life-limiting or life-threatening condition, and their families, will have seamless access to palliative care in order to alleviate serious health-related suffering and enhance their quality of life.

Our mission is to achieve the best quality of life and care for children and young people with lifethreatening or life-limiting conditions, their families and carers worldwide, by:

In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit.

STRATEGIC AIMS

Working towards this vision, ICPCN’s strategy for 2019-2023 has the following strategic aims:

2

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 27 FEBRUARY 2025

It was agreed previously to extend ICPCN’s strategy to 2019-2025 to enable the Trustees and Staff to get together to review achievements and begin to develop the new Strategic Plan prior to the 2025 ICPCN Conference.

Grant making policy

We occasionally award scholarships to individuals to attend conferences and training opportunities that they would otherwise not be able to afford. The charity identifies specific events that would result in attendees being able to further the development of CPC in their countries. Individuals wanting to attend these events, but who could not afford the costs, are invited to apply to the charity. These are only awarded if ICPCN has sufficient funds to support them.

2. ACHIEVEMENTS AND PERFORMANCE

Review of Activities

2024-25 was a successful period for ICPCN, with real progress made across all of our strategic aims. Some of the highlights are described below:

3

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 27 FEBRUARY 2025

Plans for the future

We continue to have ambitious plans for the future, to significantly increase the profile of CPC around the world to ensure that more children and families will be able to access and benefit from wider provision. We are commencing our strategic planning process and will be increasing our staffing in the next financial year.

3. FINANCIAL REVIEW

Total income received during this financial year is £738,391 (2023-24: £274,232). This includes £112,834 of deferred income from the THET grant which was brought forward to the 2025 financial year, as well as a sub-grant of £178,870 paid out to World Child Cancer UK. Net funding income available to ICPCN for the 2025 financial year was £559,521. Grants received during this period:

Unrestricted General Funds:

4

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 27 FEBRUARY 2025

Expenditure for the financial year was £450,170 (2023-24: £233,151) and was spent on the various projects delivered during the period.

Overall, we made a surplus in the period of £288,221 (2023-24: £41,081) before foreign currency losses of £1,275. This increases our current reserves to £347,038 (2023-24: £60,092), most of which has already been allocated to restricted grants, with a small amount in general reserve to provide a cushion should our funding levels fall.

Raising funds remains a major challenge and we continue to search for new potential funders. We achieved some success in this during the period, although much more needs to be done to ensure we are sustainable.

Investment Policy

The organisation does not have significant reserves to invest. Funds are held in readily available cash in bank accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

ICPCN was created in May 2011. It is a registered charity (number 1143712) and is incorporated as a company limited by guarantee. The constitution of ICPCN is set out in the Memorandum and Articles of Association.

ICPCN is governed by its Trustees. Trustees may hold office for three years. At the end of their first term, they can stand for re-election for one further three-year term. All Trustees give their time freely and no Trustee remuneration was paid in the period.

The principal object of ICPCN is to alleviate sickness and to promote and protect the quality of life of children with life-limiting and life-threatening conditions, their families and carers by promoting worldwide access to palliative care in order to share knowledge, experience and best practice.

Method of appointment of Trustees

Trustees are appointed to ensure there is appropriate representation from all regions in the world. Some Trustees are appointed specifically to represent their region, while others are elected for a specific function, such as finance or management, and others represent related global organisations. The number of Trustees can change as determined by the Board of Trustees. Trustees are appointed by a vote of the existing Trustees.

Organisational structure and decision making

The full Board of Trustees meets at least three times per year usually virtually. Face-to-face meetings are restricted in order to keep costs down.

The Board sets the overall strategy for the organisation, simultaneously agreeing long-term strategic plans. It also approves annual operational plans that are intended to deliver the strategy, along with annual budgets.

ICPCN raises funds to pursue its objectives. A non-profit company based in South Africa, ICPCN Operations, performs much of the work to deliver these objectives. ICPCN makes payments to ICPCN Operations under a formal agreement in order to deliver the agreed objectives.

5

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 27 FEBRUARY 2025

There is an Executive Committee that meets quarterly to monitor progress in delivering the operational plan, review financial performance and consider significant issues that arise between board meetings. The Executive Committee comprises the Chairperson, Treasurer, one additional Trustee and the Chief Executive.

This report was approved by the Trustees on 25 November 2025 and signed on their behalf by:

M J Palfreman

Michael Palfreman, (Chair)

6

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF INTERNATIONAL CHILDREN’S PALLIATIVE CARE NETWORK FOR THE YEAR ENDED 27 FEBRUARY 2025

I report on the accounts of International Children’s Palliative Care Network for the year ended 27 February 2025 which comprise the consolidated statement of financial activities set out on pages 8 to 21.

Respective responsibilities of trustees and examiner

The charity’s trustees 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 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

Basis of 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 the seeking of explanations from the 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 statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J A Griggs

Julie Griggs FCA LEVICKS Chartered Accountants & Business Advisers 61 London Road Maidstone, Kent, ME16 8TX

26 November 2025

7

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 27 FEBRUARY 2025

Note
INCOME FROM:
Donations and legacies
2
Speaker's / Consulting/ Training Fees
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3,4,5&6
TOTAL EXPENDITURE
NET (EXPENDITURE) / INCOME BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
7
Foreign currency losses
Transfers In/Out
NET MOVEMENT IN FUNDS
RECONCILATION OF FUNDS
Total Funds brought forward
11
TOTAL FUNDS CARRIED FORWARD
11		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2025
2025
2025
2024

£
£
£
£
118,484
612,237
730,721
274,232
7,670
-
7,670
-
126,154
612,237
738,391
274,232
122,884
327,286
450,170
233,151
122,884
327,286
450,170
233,151
3,270
284,951
288,221
41,081
(1,275)
-
(1,275)
(1,739)
26,272
(26,272)
-
-
28,267
258,679
286,946
39,342
55,965
4,127
60,092
20,750
84,232
262,806
347,038
60,092

The notes on pages 11 to 21 form part of these financial statements.

8

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK

Registered number: 07675172

(A Company Limited by Guarantee)

CONSOLIDATED BALANCE SHEET AS AT 27 FEBRUARY 2025

Note
NON-CURRENT ASSETS
Tangible fixed assets
9
CURRENT ASSETS
Cash at bank and in hand
Accounts Receivable
CREDITORS:amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
11
Unrestricted funds
11
TOTAL FUNDS		 2025
£
942

350,298
3,566		 2024
£
552
169,541
11,274
353,864
(7,768)
346,096
347,038
262,806
84,232
347,038		 180,815
(121,275)
59,540
60,092
4,127
55,965
60,092

The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees 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 financial statements were approved and authorised for issue by the Trustees on 25 November 2025 and signed on their behalf by:

M J Palfreman

Michael Palfreman, (Chair)

The notes on pages 11 to 21 form part of these financial statements.

9

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK

Registered number: 07675172

(A Company Limited by Guarantee)

CHARITY BALANCE SHEET AS AT 27 FEBRUARY 2025

Note
NON-CURRENT ASSETS
Tangible fixed assets
CURRENT ASSETS
Cash at bank
Accounts Receivable
CREDITORS:amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
11
Unrestricted funds
TOTAL FUNDS		 2025
£
884
346,882
3,566
350,448
(6,194)
344,254
345,138
262,806
82,332
345,138		 2024
£
494
163,969
11,274
175,243
(120,337)
54,906
55,400
4,127
51,273
55,400

The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees 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 financial statements were approved and authorised for issue by the Trustees on 25 November 2025 and signed on their behalf by:

M J Palfreman

Michael Palfreman, (Chair)

The notes on pages 11 to 21 form part of these financial statements.

10

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

1. ACCOUNTING POLICIES

1.1 General information

International Children's Palliative Care Network is a company limited by guarantee, registered in England & Wales, registered number 07675172. It is also a charity registered with the Charity Commission in England & Wales, registered number 1143712. Its registered office is c/o Suite 1b, Together For Short Lives, Whitefriars, Lewins Mead, Bristol, United Kingdom, BS1 2NT.

1.2 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in Sterling which is the functional currency of the charity and are rounded to the nearest £. The current information contained in the financial statements relates to the financial year ended 27 February 2025 and the comparative information relates to the year ended 27 February 2024.

International Children's Palliative Care Network meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a lineby-line basis.

No separate SOFA has been presented for the Charity alone as permitted by section 408 of the Companies Act 2006.

The result for the financial year for the parent charity was a surplus of £286,946 (2024: surplus of £39,342).

1.3 Company status

The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

11

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

1. ACCOUNTING POLICIES (continued)

1.5 Income

Income is recognised by the Charity when it has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income is only recognised in the period to which the corresponding expenses for which it was granted are also recognised. Income received ahead of corresponding expenditure is deferred on the balance sheet.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity.

Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.

1.7 Going concern

The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future.

1.8 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings - 6 years Computer equipment - 5 years, pro-rated from date of addition

12

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

1. ACCOUNTING POLICIES (continued)

1.9 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount that the charity will benefit from in future periods.

1.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the period.

1.12 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.13 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.14 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method.

13

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Grants
Total donations and legacies		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
funds
2025
2025
2025
2024
£
£
£
£
29,833
-
29,833
36,609
88,651
612,237
700,888
237,623
118,484
612,237
730,721
274,232

The aggregate amount of donations received from trustees without conditions totals £600 (2024: £600). The aggregate amount of donations received from trustees with conditions totals £nil (2024: £nil).

3. ANALYSIS OF EXPENDITURE, BY EXPENDITURE TYPE

Support Costs
Direct costs
Charitable activities
Expenditure on governance
Total 2025		 Staff
Costs
2025
£
Other
Costs
2025
£
Total
Costs
2025
£
Total
Costs
2024
£
171,140
36,217
207,357
140,828
-
239,293
239,293
88,025
171,140
275,510
446,650
228,853
-
3,520
3,520
4,298
171,140
279,030
450,170
233,151
Total 2024 96,113
137,038
233,151

14

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

4. DIRECT COSTS

DIRECT COSTS
Travel costs
Project costs
THET Ghana Sub-Grant – Project related Costs
Technical support and hosting of e-learning environment		 Charitable
Total
Total
Activities
£
2025
£
2024
£
29,670
29,670
11,653
27,383
27,383
5,299
178,870
178,870
64,974
3,370
3,370
6,099
239,293
239,293
88,025

5. SUPPORT COSTS

Bank charges
Consultant fees – Programme Manager
Consultant fees – Fundraising
Depreciation
General Admin Expenses
Insurance
Interest/Penalties paid
IT Tech Support
Legal expenses (Trademark registration)
Postage, printing and stationery
Software expenses
Specialist Software
Staff Benefits
Staff costs – Pension
Staff Costs – Employers’ National Insurance
Staff costs – Salaries
Subscriptions
Telephone costs
Training Webinars
Website costs
Workmen's Compensation		 Operating
Total
Total
Expenses
£
2025
£
2024
£
628
628
508
-
-
17,900
18,130
18,130
16,160
109
109
115
-
-
97
3,023
3,023
3,003
146
146
-
431
431
3,859
-
-
220
2,260
2,260
402
672
672
801
6,581
6,581
-
-
-
254
2,700
2,700
1,277
4,382
4,382
-
164,058
164,058
94,836
-
-
187
753
753
850
2,624
2,624
-
713
713
129
147
147
230
207,357
207,357
140,828

15

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

6. GOVERNANCE COSTS

Independent Examiner's remuneration
Subsidiary's Independent Examiner's
remuneration
Accountancy fee		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2025
2025
2025
2024
£
£
£
£
3,000
-
3,000
3,598
234
-
234
473
286
-
286
227
3,520
-
3,520
4,298

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

2025 2024
£ £
Independent Examiner's fee 3,000 3,598
Accountancy fee 286 227
Subsidiary company's Independent Examiner's remuneration 234 473

During the current or comparative year no Trustee received any remuneration for their role as Trustee. During the financial year, no Trustees were reimbursed expenses. The Board of Trustees are responsible for the overall governance of the Charity – they are not ‘key management personnel’.

8. STAFF COSTS

Staff costs were as follows:

2025
£
Staff salaries
164,058
Staff Costs – Employer’s National Insurance
4,382
Other pension costs
2,700
171,140
The average number of persons employed by the Charity during the period was as
follows:
2025
No.
Charitable activities
5		 2025
£
164,058
4,382
2,700
171,140		 2024
£
94,836
-
1,277
96,113
2024
No.
4

The charity considers that its key management personnel comprised only of the Chief Executive. The total employment benefits including employer pension contributions of the key management personnel were £61,800 (2024: £43,770). No other employees had employee benefits in excess of £60,000 (2024: none).

16

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

9. TANGIBLE FIXED ASSETS

Group
Cost
At 27 February 2024
Additions
At 27 February 2025
Depreciation
At 27 February 2024
Charge for the financial year
At 27 February 2025
Net book value
At 27 February 2025
At 27 February 2024		 Fixtures &
fittings
£
167
-
167
167
-
167
-
-		 Computer
equipment

£
8,968
499
9,467
8,416
109
8,525
942
552		 Total
£
9,135
499
9,634
8,583
109
8,692
942
552

10. CREDITORS: Amounts falling due within one year

Deferred income
Accruals		 2025
£
-
7,768
7,768		 Group
2024
£
112,834
8,441
121,275		 2025
£
-
6,414
6,414		 Charity
2024
£
112,834
7,503
120,337

17

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

11. STATEMENT OF FUNDS

STATEMENT OF FUNDS – CURRENT YEAR

Unrestricted funds
General Fund
CRI Foundation
eLearning Funds
Global Treehouse Foundation
ICPCN 4th Conference 2025
Isabella Seragnoli Fondazione
Restricted funds
Horizon 20-20 / MyPal
St. Jude Children's Research
Hospital
MNCH Risk Pool Fund
Tropical Health Education Trust
Krebsallianz
PALLIAKID - EU Horizon (UKRI)
Talisman Foundation
Weiss Asset Management
Foundation
Total of funds		 Balance at 28
February
2024
Income
Expenditure
Transfers
In/(Out)
Balance at
27 February
2025
£
£
£
£
£
33,981
37,502
22,302
26,272
75,453
16,782
75,570
89,605
-
2,747
2,100
2,082
-
-
4,182
2,194
-
2,194
-
-
-
-
3,601
-
(3,601)
908
11,000
6,457
-
5,451
55,965
126,154
124,159
26,272
84,232
-
31,188
-
(31,188)
-
1,915
-
1,915
-
-
994
-
994
-
-
1,218
257,834
263,968
4,916
-
-
44,658
1,144
-
43,514
-
18,826
18,816
-
10
-
125,000
-
-
125,000
-
134,731
40,449
-
94,282
4,127
612,237
327,286
(26,272)
262,806
60,092
738,391
451,445
-
347,038

CRI Foundation

This is a new one-year unrestricted grant from the CRI Foundation, based in the USA, primarily to support the development of children’s palliative care globally, with the delivery of mutually agreed milestones as specified by the Funder. The grant covers core costs related to ICPCN’s specified activities – C ommunication, A dvocacy, R esearch, E ducation and S trategic Development (CARES).

Weiss Asset Management Foundation

Year One of a two-year grant, totaling £134,730, was received during September 2024 to support the CARES programme.

MNCH Risk Pool Fund

The CRI Foundation recommended ICPCN for this grant managed by Fidelity Charitable, to be used specifically for resolving issues created by expert error and local partner problems. The funds were to cover operating expenses such as personnel, project and admin costs related to these issues, including work on the website and cleaning of the Moodle database. This grant is now closed.

Global Treehouse Foundation

The purpose of this one-year grant is for ICPCN to provide support to the Global Treehouse Foundation in its aim to bring entrepreneurial expertise and innovation to address the global lack of access to children’s palliative care. This grant is now closed.

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INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

11. STATEMENT OF FUNDS (continued)

Tropical Health Education Trust (THET) – now known as Global Health Partnerships (GHP)

This one-year Grant was awarded by GHP (formerly THET) and was entitled “Building capacity for the provision of children’s palliative care in Ghana” - Grant Number LG.09. This project is funded through the Global Health Workforce Programme, which is funded by the UK Department of Health and Social Care (DHSC) for the benefit of the UK and partner country’s health sectors. The grant ran from 1 February 2024 to 31 January 2025. Expenses incurred to January 2025 were slightly more than income received during this period, as the final payout from the Funder was made in April 2025, once all audit processes had been completed. An amount of £4,916 was advanced from the General Fund to cover this shortfall.

UK Research and Innovation – EU Horizon: PALLIAKID

This funding from UKRI was granted under the UK Government’s Horizon Europe Guarantee. PALLIAKID is an interdisciplinary project aiming to evaluate the feasibility, efficacy and cost-effectiveness of novel interventions for children, adolescents and young Adults (AYAs) with palliative and end-of-life care needs in different healthcare systems across Europe. ICPCN’s role within this five-year project is to participate in work packages related to the dissemination of the findings, as well as provide technical expertise on children’s palliative care.

Isabella Seragnoli Fondazione

This is an ongoing programme whereby ICPCN provides technical assistance and support to the CPC team in Bologna in all matters related to the setting up of a new state-of the art children’s hospice.

St Jude’s Children’s Research Hospital

Funds to support the ongoing education collaboration with St Jude’s in Memphis, USA, incorporating the work ICPCN are doing with the development of the World Health Organisation’s handbook.

Krebsallianz

One-year grant of €125,000 matched funding awarded for continuation of the CPC project in Ghana, through to January 2026.

Talisman Foundation

One-year grant of £125,000 matched funding awarded for continuation of the CPC project in Ghana, through to January 2026.

Funds for e-learning programme

Funds from a palliative care organisation in the Netherlands related to their use of ICPCN’s comprehensive e- learning Moodle software.

Conference 2025

Planning for the ICPCN’s 4[th] Conference to be held in Manila, Philippines, started in October 2024 and certain airfares for invited speakers were purchased in this financial year due to anticipated price increases. These costs will be recovered in the next financial year once the delegates’ conference registration fees are received.

Horizon 20-20/MyPal

This was a three and a half year EU grant for looking at Novel patient-centered approaches for survivorship, palliation and/or end of life care. ICPCN was one of a consortium of 16 organisations, led by Ethniko Kentro Erevnas Kai Technologikis Anaptyxis (CERTH), in Thessaloniki, Greece. ICPCN was involved in the children’s study and dissemination. The project ended in December 2022, but a portion of the grant was retained by the EU until all organisations’ final reports and accountability had been reviewed and accepted. During this time, expenses for the project were covered by the Charity’s General Fund. The final grant payment of £31,188 was paid out to ICPCN during March 2024. As the grant is closed, these funds were duly transferred to the General Unrestricted Fund to cover expenses previously covered by this fund.

19

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

11. STATEMENT OF FUNDS (continued)

STATEMENT OF FUNDS – PRIOR YEAR

Unrestricted funds
General Fund
CRI Foundation
eLearning Funds
Global Treehouse Foundation
Isabella Seragnoli Fondazione
Restricted funds
UKRI (EU Horizon Palliakid)
True Colours Trust - Neonatal
Education Fund
St. Jude Children's Research
Hospital
MNCH Risk Pool Fund
Tropical Health Education Trust
World Child Cancer
Imperial College London
Total of funds		 Balance at 28
February
2023
Income
Expenditure
Transfers
In/(Out)
Balance at
27 February
2024
£
£
£
£
£
18,433
36,609
21,061
-
33,981
-
89,695
72,913
-
16,782
-
2,562
462
-
2,100
-
10,000
7,806
-
2,194
(1,732)
16,000
13,360
-
908
16,701
154,866
115,602
-
55,965
-
6,274
6,274
-
-
3,387
2,000
5,387
-
-
58
7,830
5,973
1,915
-
28,322
27,328
-
994
-
71,540
70,322
-
1,218
530
3,400
3,930
-
74
-
74
-
-
4,049
119,366
119,288
-
4,127
20,750
274,232
234,890
-
60,092

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Tangible fixed assets
Accounts receivable
Cash at bank and in hand
Amounts falling due within one year
Net assets		 Unrestricted
Funds
2025
£
Restricted
Funds
2025
£
Total
Funds
2025
£
942
-
942
1,656
1,910
3,566
88,583
261,715
350,298
(6,949)
(819)
(7,768)
84,232
262,806
347,038

20

INTERNATIONAL CHILDREN'S PALLIATIVE CARE NETWORK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2025

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Tangible fixed assets
Accounts Receivable
Cash at bank and in hand
Amounts falling due within one year
Net Assets		 Unrestricted
Funds
2024
£
Restricted
Funds
2024
£
Total
Funds
2024
£
552
-
552
5,000
6,274
11,274
56,243
113,298
169,541
(5,830)
(115,445)
(121,275)
55,965
4,127
60,092

13. PENSION COMMITMENTS

The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £2,700 (2024: £1,277).

14. PRINCIPAL SUBSIDIARIES

International Children’s Palliative Care Network Operations NPC

Subsidiary name International Children’s Palliative Care
Network Operations NPC
Charity registration number 2011/001648/08
Basis of control Common Trustees
Total assets as at 27 February 2025 £ 3,474
Total liabilities as at 27 February 2025 £ 1,574
Total funds as at 27 February 2025 £ 1,900
Gross income for the year ended 27 February 2025 £ 75,401
Expenditure for the year ended 27 February 2025 £ 78,193
Deficit for the year 27 February 2025 £ 2,792

Figures converted from South African Rand into British Pound at rates provided by XE.com.

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