CharSty registration number 1153327
Company regiskntion number 08635189 (England and Wales)
CHILDS CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Caladine
Chartered CerliEFed Accountants

CHILDS CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèes
Mr Christopher Large (Chairl
Mr Slephen Puttock
Mrs Melanie Churchyard
Mr Robert Peake
Ms Janice Katyan
CEO
Mr5 Melanie Churchyard
Charity number
1153327
Company number
08635189
Prlnclpal addrèss
40 Chapel Road
PavAett
Bridgwater
Somers8t
TA6 4SH
Registered office
40 Chapel Road
Pawlett
Brkdgwater
Somerset
TA6 4SH
Auditor
CaL3dine Limrted
Ghanlry House
22 Upperton Road
East￿￿uMe
East Sussex
BN21 1BF
Bank•rs
Natwesl Bank plc
96 Temiinus Road
Eastbourne
BN21 3AA
Solicitors
Mayo Wynne Baxier
3 Bell Lane
East Sussex
BN7 1JU
Investment Manager
Rathbone Investment Management
8 Finsb¢Jry Circus
Lonik)n
EC2M 7AZ
Savills Investment Management
33 Margaret Street
London
W1G OJD
Property agents
Bree Prenton Property Consultsnts
21 The Waterfrorbl
Sovereign Harbour
Eastboijme, BN23 SUZ

CHILDS CHARITABLE TRUST
CONTENTS
Page
Tnjstees. report
Statèmènt of Trust88s' responsibilTties
Independent auditorfs report
ststement of financral a¢tsvitJes
Statement of financi31 postbon
12
ststement of cash Ih)ws
13
Notes to the financial statements
14-28

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and financial ststements Chikts Charilable Trust 1.the Trusfi for the year
ended 31 Deceffiber 2023.
The Iinancial statements have been prepared in accordance wilh ihe accounting policies set out in note 1 to the
rinancial statements 3nd compty with the Twst's memorandum and arlicles of assoaation, the Companies Act
2006 and "Accounting and Reporting by Charibes-. Staiement ol Recommended Practice applicable to charities
preparing their accounts in aCcOrdar￿ with the Finan¢ial Retth"ng Standard appliG3bk In the UK and Republ
of Ireland IFRS 1021 leffeclive 1 January 2019}".
Obje¢tives and activities
The Trust is a Christian grant-making Trusl and Sin￿ 2013, a Company Limf(ed by Guarantee. Since its
inception in 1962 the principal obiect of the Tnjst remains the furtherance of the Christian gospel and the
Tmstees are activety invofved in supporbng and encouraging many Christian chartties to achieve this goal.
We continually monitor the economic and social situation both wthin the UK and overseas and whilsl we are
unable to predict the irnpact on the charl￿S future. we lake appropriate advi￿ to ensu￿ the grant-making work
of the charity continues.
Publlc 88nèflt
The Trust8es confim thèt they have TeleTred io ihe gU￿an￿ contsined in the Charity Commission's general
guidance on public benefrt when re￿eWing the Trust's aims aThJ objectNes and in planning future activities and
setting the grant rnaking policy for the year.
The Trust has established its grant making policy lo achieve its objects for ihe public benefft.
All applicants are Informed of the outcome at the end ol Ihe process vthether their applicab.on has bé8ll
su￿sSfUl or not.
Achievements and perfomiance
Grant5 Awarded
As required by the Trust's Memorandun7 and Articks ol Association. all activities have as their core purpose the
Trust's own main objective Ihe hJrtherance of the Christian Gospel."
All applicab'ons are sent on the Trusl's applicab.on form.
Al the siart of 2023 Ihe Trustees implemente(I some swJnffjcant changes to the application process. Full details of
the current process can be found on Ihe Trusys website. All applications re￿1ve are considered bLrt,
unfortunately, not all can be supported.
The totsl ch8rrt8bl8 distribub.ons in Ihe year amounted to £689,8(KI1£703,500 in 20221.
The Trust received 153 applicattons and awarded 9ranis to 69 ￿￿erent organisatK)ns.
The organi58tions funded are all based in Ihe UK athough rnarty overseas as w811 as the UK.
Many of the organisations we support are working in sensitive areas of the world and have requested that we do
not publicise their details.
Sorne ol the CoM￿EntS that we a￿ able to share are a p)y and encouragement to the trustees.
Schools Work=
e are thrilled wtth all that you've enabled us to do, and I hope you enjoy seeing the fruits of your support.
Personally. I love that we can show you the very tangible results of your donab"on. I want to say how thrilled we
are lo have your backing and we are so excr£ed for all that we will achieve together wilh this gift.-

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
°It's incredible what you make possible here. and the fact our programme now reaches over 850 top cl85S
primary school children every single week, is so much down lo you guys and your generosity. In this present era
where less thon 5Q/o of the UK populab.on goes to Churchlsunday School to adually hear and leafn about Jesus,
the Gospel message, The Okl Testament. The New Testsment and the Heroes of the Bible like generats.ons of the
past. we feel blessed - even though rfs tough on many fronts doir*g what we do - to have the opportunty and
pkttorm to go to todals young people on such a largtrscale ￿Ve1 that just woutdnx be possible without the
Childs Charitable Trustl Thank youll"
Youth Work=
°It's really ditficult to put inlo words how much thal grant meant to us as it was our first. Whilsl it was incredibly
helpful in a practical way it also gave us as truslees a realty"affirmation' boost, Ihal we were doing what God had
calSed us to do..
"We want to extend our sincere grattiude to you for the amazing support you have provided this yearl So far, we
have been able tr) reach 2440 young peop￿ wtth 197 interactive and engaging lessons, in 8 different schools.
J8SUS' Second command to -love your neighbour as yOUTseif &mpowers and equips these children to have more
positive relationships with others. as well as improving their own self esteem. We d8epty appreciate your support,
and hope you fe81 a real sense of achieverrent when you read about the dtfferences m8d8 berause tsf your
kindness..
Bibl8lLeader5hlp Training-
ith your support we have made SwJntfi￿nI stn.des in our 9981 to make Ihe Bible avssible in t2 areas of high
persecution and sensitEvty.-
'Thank you so much for your faithfijl support of this pioject which changes the lives of so many. The youn9
people are deeply gratetsl lor what they receNe arid new take it for g￿nted.°
Pastoral carèlHumanitarian Needs=
°Your grant h85 had the most tremendous impact on our evangelt5m arKI work in deprivèd communitiès. We are
very grateful for your kindness and generosity - thank you so muchl We have been able to work alongside our
sister charity and achieve much more than we had antiupaled."
e are very grateful for all the grants received to date and rejoice al all the ways we have been able to share
the Good News of the Gospel wth people aroursd the Wor￿ W[￿ your help. Thank you.-
.1 would like to extend our deepest gratrtude for the generous support we iecewed from Childs Trust. The funding
has been instrumental in emwwering female suryivors of gender-based vKJlence Ihrough our trauma-inforrned
Baking & Wellbeing and SkilL8 Training programme..
Monitorlng=
In accordance with their monitoring policy, the Trustees wnonttor the activities and perf0mlan￿ of the Trust's
beneficiones to ensure the gtrts are used for their tharilable purpose. Impact reports are provided to the Trustees
for subsequent review and discussion. These reports enable the Try￿eeS to understrnd more fijlly th8 actNities
and needs of the recipient charities. The charities themselves express Ihetr appreciation for such monitoring 85 It
helps them understand the ethos of the Trust and often enables a ck)ser partnership to develop.
Melanie (CEO and Trustsel or another Trustee wsrts all grant reryp￿￿ts WIK) have rec8ived a signfficant donation
from the Trust in the year and Teports back to the Trustees.
Mlsslons Day..
Evèry yèar the Tmstees arrange a "Missions Daf tr) which varrous chrisb.an charities are invited to join the
Trustees. staff and other invited gu8sts. for the day to give presentab.ons of their work and to spend time in
prayer. In 2023 we were joined by 5 Mission organisations. The Trustees have expre55ed how beneficial they
feel thvse days to be in gaining a deeper insvjht into the work and needs of the MissKTrns.

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Finarteial revi8w
Income
The income of the Trust is mainty r￿1Ved from h¥0 asset portfolios. Com￿[ClaI propertie5 ar￿ investments.
The Trustee5 take advrce on their PTopertEs f¥oFn an EasttK>ume based ￿MmerCIal property agent.
The investment portfolio continues to be managed by Ratht*)ne Inveslrnenl Management.
Ass8t cover for funds
The Trusvs 85sets 8r8 adequate arKI awafjlable to fvlfil its oblHJations.
Reserves policy
As èll reserves are unrestricted and "free. resevves, it is the policy of the TFUSt that unrestricted funds should be
de51gnated to match the market value of fixed assets investments_ This ensures that these funds are considered
"perrnanent- in nature as they are necessary to generate income for the Trust to enable it to carry out it5 activities
and continue in the future. At 31 December 2023. such -pemianent' reserves total £7,556.758 equal to the
Trusvs fixed asset investments.
Investment policy=
The investtnent portrolio managed by Rathbc*ne Investment Management. seeks lo achieve a balan￿ between
capitsl growth and income growth through a portfolio investing primarity in equities and fixed interest stocks with
mediurn risk. and to ensure a reasonable income. The TnJstees have set certain ethical restrictions on its
investments with those being avoided that ￿tate di¥ectty to arrnamenÈ. tobacco. alcohol and media COn￿mS
that conflict with the Trust's Christian etlx)s. The Tnjstees are sab"sfied with the current retum on capital.
The Trustees Fneet with the Investment Manager once per year to discuss the wequiretNents lor the forth(x)ming
ye8r and lo review past performance.
Loans
The charity also hfAds orEe investment in the ft)rm of a ban lo a charity with similar objects. The k)an r8￿1v￿5
interest at a market rate and has a period 0113 years remaining on the tem. The loan is sècured on the assets
of the charty. The loan is provided to fvrther the charitable objects of the charity and specifically In fLJrtherance of
the Christian Gospel. The Trustees annualty review the activitses arKI finances of the charity loaned to. to ensure
that these aims are being met.
Plans for futurè periods
It is the Intention of the Trustees for the Trust to o)ntinue its aclivities in Ihe long terrn. using annual income
and ma*nlaining its capttal base.
Strategy Day
Each year the Trustees hold a Strategy Day to disGuss the requirements ol the Trust over the nexi 5110115 years
and the prOcedU￿S that might be needed to be put ir¥ pla￿ to achieve Ihe Tnjsls vision.
The Trust's Vision and Mission ststements are:
Vision- To see a worfd where every person has the potential to hear and respond to the gospel message.
Mission- To strategicalty fund Christy'an organi5ations which promote the Chrlstian gospel.
The Trustees also discuss the requirements of the Trttstee I￿ard and Iheir strategy for Trustee recruittnent.
A funding strategy 15 di￿u55ed and agreed for the fOrth￿ming year. Oetails of the 8gree¢J strategy is published
on th8 Trust's w8bsrte.
At the 2023 Strdtebry Day the TNstees decK#ed that ihey shoukl (x)ntinue throughout 2024 to keep aligned with
their vision and mission statements. Ensuring organisations app￿"ng for funding in 2024 focus pr1rnari￿ on the
sharing of the Christian gospel.

CHILDS CHARITABLE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees also discussed their property w)rtfolio. Most of protkrbes Ihal wer8 in thts Trusts portfolh) have
now been sold. The Trustees continue to consxler fijiure opporlunities for investment.
Structure, governance and management
Structure
The Trust's Memorandum and Articles of Association state.. The Charity's Objects are for the public benefit to
dvance the Christian faith in accordance with the Statement of Beliefs
in Eastboume, East Sussex and in
such other parts of the United Kingdom or the wortd as the Trustees may from time to time think fit 8nd to fulfil
such other purposes which are exdusNeW charitable according to Ihe law of England and Wales 8nd 8r8
connected with the charitable work of the Chanty.
Governance
Whilst the day to day matters and geneTal running of the Twst are delegated to Melanie Churchyard (CEO and
Trusteel, this is done in reference to the other Trustees who illb￿￿telY take responsibility for all decisions.
Tho Trustees met every three months to review financial and snvestsnent mattels. consider grant applications and
deal wf(h other issues as necessary. communicab.ons by etnail and telephone in be￿leen formal Trustees,
meetings enabb any urgerlt matters lo be dealt wilh.
The CEO and Chair of Trustees meet in betsveen meetings to prepare the agenda for meetings and discuss any
other relevant matters.
The Trustees, who are also the directors for Ihe purpose of (x)mpany bw, and wlx) seThed during the year and up
to the date ol signature of the financial statements were..
Mr Christopher Large Ichairl
Mr Stsphgn Puttock
Mrs MeL4nie Churchyard
Mr Robert Peake
s Janice Kalyan
All Tnjstees must be active mem￿ts of their lo(xl church. subsoibe to the Tnjsys Statement of Beliets and
sharg th8 Christian ethos and airns of the Trust. h is imperative that all Trustee5 have general charity experience
nd are 8ble to devote thgir b.me and energies to the affaiF5 of the Tr￿St. None ol the Trustees are remunerated
for their services but are reimbursed for 0ut-of-p￿ket expenses incurred in the perfom)ance of their duties as
Trustees.
Management
Mrs Melanie Churchyard. CEO, deals with all Ihe day to day affairs of the Trl￿t. Melanie was employed
throughout the year. The Tfust has use of an office in Pawktt, Somerset. MeLanie keeps all Trustees fully
informed of the matters of the Trust.
The remunefation ol staff is discussed and decided by the Truslees lexdbding melan￿e) and is based on relevant
skills and responsibil￿eS and in line wth the rates prevailing in the charitable sector.
Throughout 2023 Ihe Trust was a member of the Giwl Society.
Risks
The Trustges regulady rewew and 8ssess the rnaioT rtsks to which the charity is exposed. Adwce and guidance
is sought trom our audrtor5 and other prolessionaLs_ The ffl8irh financial risk tr) the chartty is the level of retum on
investments since this affects the grants it can pay oth_
The Trustees are aware that there are likety to continue to stgntfiG3nt challenges due to the after effects of the
Coronavinjs pandemic and the ongoin9 war in the Lfrkraine. The Trustees are continually monitoring th8 sltuab.on
nd keèp In regular communication vAth their advisors and investment manager.

CHILDS CHARITABLE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 is irnpossible to eliminate 811 risks. but the Trustees are satisfied that the systerns th8y have in place mitigate
exposure to Ihe rnajor risks as far as they are ab￿.
AII FK>licies are rewewed in 8¢cordance with the agreed revEw scheduk.
The Trustees are kept informed by the auditors and soliotors of the Trust of their obfigations as charity Trustees
together with their legal and statutory dut*s. Whenever possible, Truslees and staff attend relevant training and
seminars to help undèrstsnd furtheF their resPOn5ibiltties and duties.
Feedback from the grant recipients is essential and it is such reports and lestsmtsnies, that help th8 Trustees
evaluate the impact of the support the Trust has pfovided and to pL8n for the future. However, as the Trust's main
objective and many of the resutts reported are ol a Spifitual natufe, tangible eviden￿ is often lacking. The
Trustees recognise that it can be difficult to quanbfy final results and impact- however, they seek to encourage
the grant recipients to be as detsiled as wssible in their reporting.
Disclosure of Infomiatlon to auditor
This report has been prepared in accordance wth the small (x)mpany wime as outlined in Sect¢on 419121 ol the
Companies Act 2006. Each ol the Trustèes has confirmed that there is no infom)ation of which they are aware
which is relevant to the audit, but ol which the auditor is unaware. They have further cc>nfim)ed that they have
taken appropriate steps lo identsty such re￿vant infomialK)n and to establish that the auditors are aware of suth
information.
TheT
es. report was approved by the Board of Trustees.
hris
Trust
Dated..
rg• Ichalr)

CHILDS CHARITABLE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees, who are aLso the D1￿clo[S of Chikls Charitable Trust for the purpos8 of company kw, are
sponsible for p￿paring the Trustees, Re￿rt and the finanaal statements in accordance wth applic8bl8 law and
United Kingdom Accountlng Standards (United Kingdom Generalty Accepted Accounting Practi￿>.
Company Law requires the Tnjstees to prepare financial ststements for each financial year whiGh give a true and
fair vi8w of thè state of affairs ol the Trust arKI ol the incoming resour￿ and applicaticsn of resources, including the
incomè and &X￿ndI￿1r0. of the Charitable (￿MpanY for that year.
In preparing these finan￿81 statements, Ihe Truslees are required to..
- select Suitab￿ accounting polictes and then appty them o)nsistentty'.
- obseNe the meth(KJs and prinuples in the Charilies SORP.,
- mak8judgem8nts and 8stimat85 that are reasonable and prudent..
state whether applicable UK Aco)untiThJ Stsndards have been followed. subject to any material departures
disck)sed and explained in the financial statements.. and
- prepare the financial statements on the going uJncem basis un￿sS it is inappropriate to presurne that the Trust will
continue in operab"orh.
The Trustees are rèsponsib￿ for keeping adequate accounb.ng records that disclose with reasonable accuracy at
any time the f nanrial posib.on of the Trust and enable them to ensure that th8 financial ststements o)mply with the
Companies Act 2006. They are also responsib￿ for safeguarding the assets of the Trust and hen￿ for taking
reasonable steps for the prevention and ¢Jetection of fraud and other irregularities.

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
Opinion
We have audited the financial slalements of Childs Charitable Trust Ilhe 'TnJst') for the year ended 31 December
2023 which comprise the ststement of financial aciivities, the statement of finanaal posilion. the statement of cash
flows and notes to the financial statetnents, including 5ignfficant aiLounting policies. The finanaal reporting
fraFnework that has been applied in Iheir prepar8tion is applicable law and Uniied Kingdom Accounting Standards,
including Financial Reporting Standard 102 The FAnancial Repothn9 Standarf èppliGable the UK and Republic of
Ireland (United Kingdom Generally Accepted AccountiThJ Ptscticel.
In our opinion, the financial ststèments=
give a true and lair view ol the state of the charilable rompanys affairs as at 31 December 2023 and of it5
ncotning resources and application of resouTGes, induding its income and expenditure, for the year then
ended",
h8vÈ been properly prepared in aw)[dan￿ wilh United Kingdom Generalty Actepted Accounting Practice,.
and
have been prepared in 8¢xordan¢% wrth the ￿quirements of the Compani8s Act 2006.
Basis for opinion
We conducted our in accordan￿ vthh International Slandartjs on Audth"rvJ IUKI IISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibffjlities for the audit of
the financial statements sectson of our report. We are independent of Ihe TrLJSt in accordance with the ethical
requirements that are ￿levant to our audit ol the finanThal statements in the UK. including the FRC'S Ethical
Standard, and the provisions available for s[￿all enttbes. in the ￿T¢UmS1a￿￿ set out in note 32 to the financial
statements, and we have fUffil￿d our other ethiG41 resrMTrnsibilities in a￿rdance with these requir8ments. We
belièvè that the audrt Èvid&n￿ we have obtained 15 sufficlent and appropriate to providè a basis for our op4nion.
Conclusions relating to 90ing concern
In auditing the financial statements, we have condud&l that the Trustees, use of the goiro con￿rn basis of
arxounling in the preparat'on of the financial ststements is appropriate.
Based on the work we have performed, we have not i(lenlrfied any material ur*certainties relating to events or
conditions that, individua5ty o,- colleclfvely. May G￿t significant doubt on the Trusl's ability to continue as a going
concem for a period of at least twelve months from when the finanaal statements ère auth0ri5ed ft)r issue.
Our responsibiltties and the resportsibilities ol the Trustees wrth ¥espert to going (x)n￿rn are described in the
relevant sections of this report.
Other infombatlon
The other inlomation cort7prise5 the FnfoTmation Trncludetl in the annual report other Ihan the financial statements
and our auditorfs report thereon. The Twstees 8re responsible for the other information contain8d within the annual
report. Our opinion on the financial statements does not cover the other information and. except to the extent
othe￿iSe expli¢itty stated in our report. we do not express any forTll of assurance cx)nclusion thereon. Our
responsibility is to read the other inforniation and, in doing so, consKler whether the other information is materially
inconsistent with Ihe financial statements Or our krM)￿edgE obtained in the course of the audit, or olhetwise appears
to be materially misstated. 11 we identrfy such matenal Inconsistencies or apparent material misstatettlents, we are
required lo determine whether this gwes rise to a rnaterial misstatement in the financial statements themselves. If,
based on the work we have perforrned, we conclut6e that there is a material misstatement of this othèr information,
we a￿ required lo ieport that fact.
We hav8 nothing to report in this regard.
Opinions on other mattèrs prescribed by the Companies Act 2006
In our opinion. based on the work undertaken Jn the cx)urse of our audit-
the inforrnation gwen in the Trustees. ￿port for the financial year for which the financial staternents are
prepared. which includes the directors. Teport p￿pared for the purw)ses of company law, is consistent with the
financial statements., and
thè director5, Teport included wrlhin the Trustees, reFK>rt has been prepared in a(wrdance with applicable kgal
requirernents.

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
Matters on whkh we arè requir•d to report by ex￿PIlon
In the light of the knowledge and understanding of the Trust and its environment obtained in the course of the 8udil,
we have not identrfied material miss13tements in the directors. report induded within the Trustees, report.
We have nothiro to report in respect ol the folk)w"ng matters in re￿tson to which the Companie8 Art 2006 requires
us to report lo you rf. in our opinitsn-
adequate accounting records have not been kept. or ￿hlmS ￿equate for our audit have not been recelved
from branches not visited by us., or
the finanThal ststements are not in agreement Wtth the account5ng records and returns., or
certain disclosLSres ol trustees, remuneratK)n spec￿e￿ by law are not made,. or
we have not re￿1Ve￿ all the informab.on and explanations we require for our audit- or
the Trustees were not entiled to prepa￿ the financial statements in aGcordanc£ with the small cotnpanies
regime and take a(fvantage ol Ihe swnall (x)mpanies' exemptions in weparir¥J the Trustees. report and from the
requirement to prepa￿ a strategic retx)rt.
R¢$ponsibilities of Trustees
As explained more fulty in the Statement of Trustees. responsibilities, the Twstees, who are also the directors of the
Trust for the purpose of CA)mpany law, are responsible for ihe p￿palation of the financial statements and for being
satisfied that they give a true and fair view, and for such intemal (x)ntrol 35 the Tnjstees determine is necessary to
enable the preparation of financial statements that ale free Irotn material misstatement. whether due to fraud or
error. In p￿parIng the financial statements, the TnJstee5 are responsible tor assessing the Trust's ability to continue
as a going concem, disck)sing, as applicabk, matters related to going o)ncern and using the going ¢oncem basis of
accounting unless the Trustees either intend to Iwuthte the charitable company or to cease operatsons, or have no
realistic atsrnative but to do so_
Auditorfs responsibllities for the audit of the financial statements
Our objectives are to obtain reasonable assurarM% about whether the finanual slalernents as a whole are free from
material misstatement, whether due to Iraud or error. ar￿ to issue an auditorfs report that indudes our opinion.
Reasonable assurance is a high lével of assurance but is nol a guarantee that an audit conducted in attordance
with ISA5 IUKI will ahvays detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are wnsidered material rf. individualty or in the aggregaÈe, they could reasonabty be expected to influence
the 8conomic decisions of users taken on the basis of these financial statements.
The extent to which cwjr procedures are c2p8bl8 ol detecting irre9uLqrilies. including fraud, is detailed below.
Thé èxtènt to whlch the audit was considered capable of detectlng Irregularftles Includlng fraud
Our approach lo identifying and assessing ttte risks of matenal misstatement in respect of irregularitses, including
fraud and non-complian￿ wrth laws and regulations, was as foll)ws:
the engagement partner ensured that the engègèmènt team coll8Cttvety had the appropriate competence,
capabilities and skills to identify or fecognise non4x>mpliance wth applicable laws and regulations..
we identified the laws and regulations appli¢8ble to the charity Ihrough discussions with tnJstees, and from
our (x)mmercial knowledge and experien￿ of the charity sector
we focused on specific laws and regulab.ons which we considered rnay h8ve a direct materi81 effect on the
financial statemenis or the operalion5 of the company. including the Companies Act 2006, CharÈbes Act
2011 and employment leg￿sla￿.on.,
• we assessed the extent of Cornplian￿ ￿ the laws and regLslations identified above through making
enquines ot management and inspecting legal 0)rresponden￿- and
identified laws and regulations We￿ communicated bwthin the audit team regularly and the team remained
8￿rt lo instances of Th)n-compliance thrOL￿hoUt the audit.

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
We assessed the susceptibility of the trust's fin8nci81 st*ements to fflaterial misstatement, induding obtaining an
understanding ol how fraud mKJht occur. by..
making enquiries of management as to where they o)nsidered there wa5 susceptibility to fraud, their
knowledge of actual. suspected and alleged fraud.. and
considering the internal o)ntrob in place to mitigate risks of fraL￿ and non-compliance with laws atKI
regulations.
Audit response to risks identified
To address the risk offraud through management bias 8nd override of (x)ntrols, we-
performed anatytical pr￿dureS to Klentty any unusual or U￿xpeCted relationships;
tested journal entrie5 to identify unusual transactions",
assessed whether judgements and assurnptions made in determining the accounting estimates were
indicative of potential bias.. and
investigated the rationa￿ behind swJnfficant or unusual transactions.
ITh response to the risk of irregulartbes and non-complian(* ￿1h laws and regulations. we designed procedures
which in¢luded, but were not limrted to..
agreeing financial statement disdt)sures to undertying supwbng documentation.,
reading Ihe minutes of meetings of those charged with govemance",
enquiring ol management as to aclual and polenlial lih"gab"on arml daitn5- and
rewewing corre5pondenc8 with HMRC and relevant regulators
TheE are inherent limrtaiions in OUT audit pro￿ureS described above. The ffl0￿ removed that laws and
regulations a￿ from financ¥al transactions. the less like￿ it 15 that we would become aware of non-compliance.
Auditing standar(Is also limit the audrt procedures required lo identsfy non-compliance wtth law5 and regulations to
enquiry ol the trustees and other tnanagernent and the inspection of regulatory and legal ￿rrespondenCe, if any.
Material mi55tslements Ihat arise due to fraud ¢xn be harder to ijetect than those that arise from errof as they may
involve deliber*e Cor￿e￿I[￿nt or collusion.
A further description of our responsibilities is available on the Financial Reporttng Coun(il's website at-. http5'.11
www.frc.org.uklèudrtor5restK)nsibilth"es. This description fowms part of our audttorfs report.
Mr Colin James Dadswell FCCA (Senior StatutoryAuditorl
for and on behalf of Caladlne Llmltod
Illoglio2
Chartered Certified Ac¢ountsnts
Statutory Auditor
Chanlry House
22 Upperton Road
Ea5tbourne
East Su55ex
BN21 1BF

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Current financial year
Unrestricted Unrestricted
fund
fund¥
general de519nated
2023
2023
Total
Total
2023
2022
Notes
Incomè and èndowm•nts from:
Donations and legacies
Other trading activbtses
Investments
Other income
15.000
200.313
388,810
4,433
64,095
289.975
5,402
289.975
5.402
Total income
359,472
359,472
608.556
Expendltum on:
Raising funds
Charitsble activthies
58,025
773,738
58,025
773,738
49.308
780.553
Total *xp8ndlturn
831.763
831,763
829,861
Net gainslllossesl on investrnents
14
140,4091
140,4091
1417,0671
Net expenditure
{472,291)
140,409)
1512,700
1638,3721
Transfers between funds
27
1.777.452
11,777.4521
Net movement in funds
11
1.305.161
{1.817.8611
1512,7001
1638,3721
Reconciliation of funds-
Fund baL4nces at 1 January 2023
459.565
9.374.619
9,834.184
10,472,556
Fund balances at 31 t18￿mber 2023
1.764.726
7.556.758
9.321,484
9.834.184
The statement of financlal actiwlies includes all gains aThJ losses recognised in the year. All income and experiditure
derive from continuing activit￿$.
10-

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior financial year
Unrestrlcted Unrestricted
funds
funds
general deslgnated
2022
2022
Restricted
funds
Totsl
2022
2022
Notes
Income and endowments from..
Donations and legacies
other trading actwities
Investments
(Xher irscorne
15,000
15,000
200,313
388.810
4,433
200,313
388,810
4,433
Totsl Income
593.556
15,000
608,556
Expenditure on..
Raising ft*n¢Js
49.308
49.308
Charitgbte activities
765,553
15,LX)O
780,553
Total eX￿ndIture
814.861
15,000
829.861
Net gainslllossesl on investtnents
14
1417.067)
1417,0671
Net in¢orne
1221,3051
1417,067)
1638,3721
Transfers be￿een funds
27
16.484
(16,484)
Net movement in funds
11
1204,8211
1433.551)
1638,3721
R8conclllation of ftsnds=
Fund balances at 1 January 2022
664.386
9.808.170
10,472,556
Fund balances at 31 December 2022
459,565
9,374.639
9.834.184
11

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
AS A T 31 DECEMBER 2023
2023
2022
Motès
FIx8d assets
Investment property
Investments
Mixed motNe investments
17
18
19
1,033,500
6,420,556
102.702
2,723,500
6.543,173
107,946
7,556.758
9,374,619
Current asset5
Trade and other receivab
Cash at b8nk and in hand
54,163
1.744.620
148,105
384,177
1,798,783
{34.057)
532,282
72,7171
Current Ilabllltles
Nèt current assets
1,764,726
459,565
Net assets
9.321.484
9,834,184
Th• funds of the Trust
Unrestricted fiJnds- general
Unrestricted funds- designated
1,764,726
7,556.758
459,565
9,374,619
27
9.321,484
9,834,184
cial staternents were approved by thè Trustees ¢)n .........
Mr Christ
Trus
arge (Chairl
Company reg
ration number 08635189 (England and Wales)
t2-

CHILDS CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash ftows from operating activities
Cash absorbed by operations
31
1701.740)
1793,9451
Investing 3CttvitTres
Proceeds from disposal of investment
property
Purchase ot other invesiments
Prcteeds from disposal of other inveslments
Investmenl income received
1.640,269
1799.8961
931.835
289,975
11,635,9751
1,647,470
388,810
Net ￿5h generated from invesling
activities
2,062.183
400,305
Net Increaselldecreasel In cash and cash
equiva￿￿*S
1.360.443
1393,6401
Cash and cash wuivalents at beginning ofyear
384,177
777,817
Cash and cash equlvalents at end of year
1.744.620
384.177
13-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcies
Company inforniation
Childs Charitable Trust is a private cThnpany limited by guarantee inc4)rporated in England and Wales. The
registered offKe is 40 Chapd Road. Pawlett. BrId￿ater. Sometset, TA6 4SH.
1.1 Aeeountlng convèntion
The financial ststements have been prepared in accordar>￿ with the Trust's Memorandum and Articles of
Association,
the Cornpanies Act 2006 ar￿ "Ac(x)unting and Reporting by Charities". Statement of
Recornmended Practice applicable to charities preparirvJ their a(wunts ao))rdance with the Financial
Reporbng Standard applicable in the UK and Republic of IreLand IFRS 1021 leffecttve 1 January 20191.. The
Trust i8 a Public Benefit Entity as defined by FRS 102.
The financial ststements are prepar8d in Sterf4￿J. whith 15 th8 functK)nal c￿￿enCY of the Trust. Monetary
mounts in these fiTrancial stalemerbts are rounded to th8 nearest £.
The financial state￿Thts have been prepa￿ under the historical cost o)nvention, modrfied lo include
investment properties and certain financial instruments at fair value. The prinopal accounting policies adopted
are set out bekiw.
1.2 Golng concern
At the time ol approving the finantial st3tetTErts. the Tnjstees have a reasonable expectation that the Trust
has adequ8t8 r8sourc8S to cx)ntinu8 in operational existen￿ for the foreseeable future. Thus the Trust88S
ntinue to adopt the going COn￿M basis of a￿unting in preparing the financial ststements.
1.3 Charitable fund$
Unrestricted funds are availabla for Ltse at the di5cr8tion of Ihe Tru*e8s Trn furtherancè of thèir charitable
objecttves.
Dèsignated funds (xjmprise funds which have been set aside at the discretion of the Trustees for sp8dfie
purposes. The purw5es and vses of the designated funds are set out in Ihe notes to the financial ststernenls.
Restricted funds are subiect to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the reStr￿ted fijnds are set OLrt in the notes tr) the financial statements.
1A Income
Inwme is rewgnised when the Trust ￿ IwJalty en14Ued lo it after any performance conditions have been met,
the arnounts can be measured reliabty. and it is probable that income will be receNed. The Charitys income
consists of voluntary income and that from investments. inckJdiTrJ property.
Cash donations are recognised on re￿IPl. Other donations are rewgnised once the Trust has been notified of
the donation. un5ess performance o)ndilions require deferral of the amount. Income tax recoverable in relation
to donations received under Grft Aid or deeds of covenant is recognised at the titne ol the donation.
Rental income from investment Pro￿￿"eS is deferred where it has been received in advance and is relevant
to a subsequent period.
Investtnent income in income from listed investments and kjan interest receivable 8nd i5 recognised in the
accounts whgn recetvabk.
14-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting policies {Continuèd)
1.5 Expenditure
Liabilities are recognised as soon as a legal or conslwclive obligation arises committing the TNst to the
expenditure. All expenditu￿ is accounted lor on an accfu8L% b3si5 and has been classffjied under headings
that aggregate all costs related to the category. Costs of actmties in furtherance of the Trusys objects are
grants made by the Twst to support Christian charilable proiects, and Ihe support costs relatsng to this activity.
Costs ol raising fund5 COmPri5e those costs relating to the managernent and maintenanff of the investment
properties, as well a5 the investment rTbanagerfs lees for managing the inve5trnents and securit￿￿5.
Support costs comprise adminislration costs in relation to grant making. together with governance costs.
GovernanTr costs include the costs ol auditing the statutory accounts, the ￿5t of Trustees, Eneetings and the
cost of any legal advice to Trustees, on govefflance OT ￿n$￿￿trOnal matters. The support costs have been
allocated wholly to the grant rnaking activities. Ihe exception of the support wages. These wages have
been allocated 10% to the costs of raising funds and 90% to the grant making acbvities, on a time basis.
1.6 Property, plant and equipment
Property. plant and equiprnent are initialty measure(f at cost arKI subsequentty nwsured al cost or valuation,
nel of depreciation and ar¥y impairnier>t k)sses.
Depreciation is re(x)gnised so as to write ofi the (x)st or valualion of assets less their ￿SIdUal values over their
useful lives on the following ba51S-
Fixtures, fitbngs and equipment
3 years straight line IAII assets fulty dep￿cIated)
The gain or loss arising on the disposal of an asset is delemined as the difference between the sale proceeds
and the carrying value of the asset. and is recognised in the statement of finanual aetivtties.
Tangible fixed assets a￿ capitalased rfthey can be used for more than one year and cost at least £500.
Neither land nor the investrnent properttes are depr8ciated.
1.7 Investment property
Investment properties are those held to eam rentals 8n(flor lor caprtal appreciab"on. The *nvestment properties
re rneasured using the fair value model and stated at its tsir value (open market value) at the reporting end
date. The Surplus or defi¢it on revaluation is recognised in net incomellexpenditurel for the year.
1.8 Nonwcurrent rnvestments
Listed investments are measured usiw Ihe fair value m(xlel ar￿ stated at tts fair value (open market value) at
the repottsng end date. The 5u¥plus or defiut on revaluation is re(x)gnise(l in net incomellexpenditurel for the
year.
The Trust also has mmed motEve investmenis in the fomi of kéns lo tharities with similar objects and these
have been dealt with as finanaal insifumenls and in accordance wilh the treatment suggested in the FRS102
SORP (see financial in5ttuments below). The loan5 iecetve interest at a rnarket rate (between 5 and 5.5°/ol,
are for penods ol up to 25 years and are secured on the assets of the Charities. They are provided to further
the charitabl8 objects of the chartty and specifically in furtheran￿ of the Christian Gospel. The Trustees
r￿UlarlY review the actiwtes of the charities baned to. to ensure that these aims are being met.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, detKTrsits hekl at ¢811 with banks, other short-terrn liquid
Investments with original maturitie5 of three ￿￿nthS or less. and bank overdrafts. Bank overdrafts are shown
wrthin borrowings in current liabilities.
15-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting polleies IContÉnued)
1.10 Financial instruments
The Trust has mixed n￿>tive investments in the fomi of k)ans lo charities with similar objects. As these are
rinancial instruments, the Trust has applied the trea￿ent suggested in the FRS102 SORP and has initially
recognised and measured the k)ans at the amount paid. The (s¥rying amount will then be adjusted in
subsequent years to reflect repayments and any accrued interest as well as adiush.ng if necessary for any
impaiment.
other than these rnrxeil motive inveslments. the Trust onty has financial assets and financial liabilities of a
kind that qualty as basic finanaal instruments. Basic financial instnjments a￿ initially recognised 8t
transaction value and subsequently ffeasured al Iheii settlement value. Basic f1nancial assets include trade
and other ￿CeIvableS and tssh and bank balances. Basic financial liabilities include trade and other payables
where trade payables are obligations to pay lor gtmxls arxl servic8S that have been 8cquired in the ordinary
course ot operats.ons from suppliers.
1.11 Employee benefits
The cost of any unused holhyay entitSemenl is iecognised in ihe pericNJ in which the employee's servi￿5 are
received.
Temiination benefits are recognised Immediate￿ as an expensè when the Trust is demonstrabty comrnitt￿ to
temiinate the employment of an empbyee or to provide teminalion benefits.
1.12 Retirement benerts
Payments lo defined wntribulion retiremenl benefit schemes are charged as an expense as they fall due.
1.13 Grant Making Policy
The Trust supports by the prwsti)n of finanaal grants some of those Chrtstian organisations whose own
activities mirror further ihe Trust's own aims and objectives. Numerous and varied applications are re￿iVed by
the Trust every month. In addib'on the Trustees are also aware of other Christian organisations and encourage
them to submit applicAtions to the Trust_ Al appli13tio¥Js are pr8yerfully considered by the Trustees but, due to
the Trusvs own limitèd m8ans. [￿t 811 applrixtions be supwrted.
Grants for which there is a legal oblHJation, or a valid exPects￿n of receipt by the beneficiary at the year end,
and for which conditions attaching to their payment have been fuhSlled. are accounted for in the year.
Crltical accountlng èstlmat•s and]ud￿rnÈnts
Ir? the application of the TFUSt5 ac(x)unting pol￿￿$. the Trustees are requir&Y lo make judgements. estimates
and assumptions 8bout the carrying amount ol assets and li?bilities thal a￿ not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factc*rs that
are considered to be relevant. Actual Fesults tnay differ from these estimates.
The estimates 8nd undertying assumptK*ns are reviewed on an orvJoing basis_ Revisions to accounting
estimates are recognised in the period in which the estimate ts ￿￿sed where the revision affects only that
period, or in the period of the revision and future periods Whe￿ the reviqion affects both current and future
periods.
16-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donations and legacies
Restricted
funds
2023
Restricted
funds
2022
Grants rec8Nab5
15.000
Incc*me from other trading adivibes
Unrestricted Unrestricted
funds
fund5
2023
2022
Rental income
64,095
200,313
Income from Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Income from I￿ted investments
Leasehold extension fees
Dilapidation costs recuperated
Interest r￿$vable
243,441
19,525
226,691
44,509
110,000
7,610
27.009
289,975
388,810
Other income
Unrestricted Unrestricted
fvnds
funds
2023
2022
Employment allowance recelved
5.402
4,433
17_

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Raising funds
Unrestricted Unrestrietéd
funds
funds
gèneral
general
2023
2022
Investment
Property overheads and management
Share of Support costs (see note 10)
8ns8s
18,518
6,619
9,382
5,836
nv
25.137
32,888
15,218
34,090
Investmtrnt management lees
58.025
49,308
Rates
Light and heat
Repairs and maintenance
Legal 8nd professional
Insuranee
821
11221
4,827
7,206
5,786
1,743
418
1.957
3,720
18,518
9.382
18-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Exptrnditure on charitable activities
Charftablfr
aetlvltlès
Cl￿ritable
activities
2023
2022
Dtrect ¢05ts
Mi55ion5 day
4.032
5,124
Grant funding of activities (see note 9)
691,800
703.500
Share of support and governan￿ costs {see nots IQ)
Support
Govemance
57,791
20,115
54.807
17.122
773,738
780,553
Anatysis by fund
Unrestricted funds - gener31
Restricted Ivnds
773,738
765,553
15,000
773.738
780,553
Grants payable
2023
2022
Grants lo institutions".
Asociacion El Elfarero
Speak Lrfe
Essential Chrisb'an
Intemation31 Needs
Latvian Bible Centre
London Cty Mission
Wycliffe Bible Translators
Innovi5tz Intematiorial
Other grants between £15,CIOO and £20.000
Other grants betbyeen £10,000 and £14,999
Other grants belween £5.000 and £9.999
Other grant5 betweem £3.000 £4.999
Other grants not exceeding £2.999
25,000
20,000
15,000
40.000
45,000
30,000
30,000
25.000
25,000
25,OOQ
20,000
123,000
204,000
159,000
9,000
8,500
10,000
25,000
30.000
175,000
206,100
135,200
691,800
703,500
Grants to institutions represent payn*nts made in thg year to 69 organisalions12022.. 71 organisationsl.
19-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Support costs allocated tg acti¥rti95
2023
2022
Staff costs
Computer exFenses
Rent and rates
Repairs and renewals
Telecommunications
Printing and postage
Travel expenses
Sundry expenses
Governance costs
59,570
1,604
52.528
1,407
725
1,564
1.157
560
1,114
1,588
17,122
360
1,177
299
176
1,224
20,115
84.525
Tl,765
Anal sed between..
Fundr81sing
Charitsbl8 8ctivrf<￿s
6,619
77,906
5,836
71,929
84,525
77,765
2023
2022
Govemance costs comprlst:
staff wsts
Audit fees
Accountancy
Trustee meeting costs
Travel expenses
6.619
5.836
5,964
2,820
1.424
1,078
2,160
832
3,664
20,115
17,122
11 Net movement in funds
2023
2022
The net movemenl in funds is stated after Charg1￿(credItingl'.
Fees payable for the audit of the cha¥iVs fir18n￿al st*ments
Loss on disposal of investment property
6,840
49,731
5,964
12 Trustees
Trustee Melanie Churchyard ￿te1Ved a salary of £56.TT1 12022.. £50,010) and empltryer pension
contributions of £2,839 12022". £2,501) du￿ng the year. the authority for the e￿plOyment of Trustè6s is
Contain￿ within the M&mrarKlum and Artic￿ olAssoaation.
None of the other Trustees lor any persons connecled with them) received any remuneration or benefits from
the Trust during the year. Trustees had total expenditure of £4,49612022'. £2,502) reimbursed or met by the
charity for meeting, travel aThJ other expendiiure.
-20-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Employees
The average rTKinthty number ol ernpk)yees during the year was:
2023
Number
2022
Number
Administration
Employment Costs
2023
2022
Wages and salaries
Social Security costs
Other pension cosls
56,771
6,579
2,839
50.010
5,853
2,501
66,189
58.364
There were no employees whose annual remuneraMn was £60,(X)O or mre.
14 Gains and 1055es on investrnents
Unre5trficted Unrestrlcted
funds
funds
designated designated
2023
2022
Gainslllossesl arising on-
Revaluation of investments
Sale of investments
Revaluation of investment propert￿S
Sale of investment properties
30.543
121,2211
1571.9511
185,1161
240,000
149,7311
140,4091
1417,0671
15 Taxation
The charity is exempt from taxab.on on rt5 actNibes because all its in(x)me i5 applied for charitable purposes.
21

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Property, plant and equlpment
Flxtur88.
ffttiTrgs and
equtpment
C05t
Al 1 January 2023
4,361
At 31 December 2023
4,361
Deprecsation and impaÉrment
At 1 January 2023
4,361
At 31 December 2023
4,361
Carrying amount
At 31 December 2023
17 Investment property
2023
Fair valuè
At 1 January 2023
DistK>sa15
2.723.500
11,690.0001
At 31 December 2023
1.033,500
The property 1 St Annes Road. Eastboume. BN21 3UN hekl wthin Investment properties at £1,420,000 was
sold on 31 March 2023 for £1.420,000.
The propety at 68 Hazekycth Avenue. Eastboume. BN22 OSQ held vthin Investment prO￿rtIeS 8t £270,000
was SO￿ on 7 July 2023 for £260,(th.
The remaining residential investment propety, 17 Maple Road, Eastboume, BN23 6NY. is held within
Investment properties at fair valLte £925.000. The last professional valualion was in March 2023 carried out by
MrAnton G K BTee FRICS ol Biee Prenton Property Con5uttants, Eastboume. The Trustees a￿ of the opinion
the market value has not materially changed at 31 DeceFnbei 2023.
In 8ddilion to the freehokl properly hekl. there are 3 parcels of bare land and a block of garages linked lo one
of the freehold interests with a total discbsed value £103,500. These were transferred to the Charity when it
was incorporated in 2015 with Ihe acting soliator plaang nominal valuations on them. The Trustees believe
the thefft has been no material change to these valuations as at the balance sheet date.
The historical cost of the properties as at 31 December 2023 were £742,00012022.' £1,677,0001-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Flxed assèt Inv•stm•nts
LÉsted
investments
Cost or valuation
At 1 January 2023
Add$t￿n$
Valuation changes
DisFosa15
6,543,173
799,896
30.543
1953,056
At 31 D￿Illber 2023
6,420.556
Carrying amount
Al 31 December 2023
6,420,556
At 31 Detsrnber 2022
6,543,173
19 Mixed motive in¥estments
At 1 January 2023
Interest
Repaym8nts
107,947
5,278
110.5231
At 31 December 2023
102,702
Mixed motwe investments repiesent k>an5 Thade to other (*arrt+es wth simitar objects to th8 charrtable
OmP3ny. As these are financial ir>struments. the chanty has applied the treatment suggested in the FRS102
SORP and has initialty re¢￿gnised and measured the bans at the atnount paid. The oarrying amount will then
be adjusted in subsequent years to reflect repayments and any accrued Interest as well as adjusting them for
any impairment.
In order to secure the kians, the charity has a charge over property owned by the h)an hoklers.
20 Trade and other receivables
2023
2022
Amounts tslllng due wlthln one year.
Trade receivables
Other receivables
54,163
38.105
110.000
$4,163
148,105
-23-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
21 Contingent asset
ChTlds CharTtable Trust has a wistered charge of £70.000 over a parcel of land located to the west side of
Southdown Road, Seaford, East Sussex_ The land is registered in the name of Simmons Contractors Limited
(Reg. No. 16952451, a company which wenl into liquKlation in 1989 and has been removed from the
Companies House Register_
Recoverabilty of this debt is uncertain. The charity has taken I￿81 advice and Counsel's opinion on th*s
matter to establish the legal pOSit￿n. It is understtmxl that in the fijture. ownership of the land plus the propety
I￿ted on the land w¢ll revert to the crown but that the Land original loan sum of £70.000 which is secured by
the charge over the land will be repayab￿ lo the charity.
Due to the c%rcumstsn(es surrounding Ihis kjan which ts subjecl to Ltncertain future events. the Charity's
ynterest in this land has not been recognised in these accounts.
22 Current liabilitles
2023
2022
Notes
Other taxation and soaal security
Deferred income
Other payables
Accruals and deferred income
378
1,307
23
12,(100
16,679
55,000
16,410
34,057
72,717
23 DÈferTod incomg
2023
2022
Other deletrÉd in￿rne
5,0(KJ
Defetred inwrrhe is induded in the fina￿ra1 Stat￿ents as folk)ws".
2023
2022
Deferred income is included ￿thIn..
Current Irabilities
5.000
Movements in the year..
Deferred income at 1 January 2023
Resoyrces deferred in the year
5,000
Deferred income at 31 DecembBr 2023
Deferred income ￿presents rent Incon* invoi<%d in advarKe.
-24-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
24 Retirement b8nèfit sch•m•s
2023
2022
Defined contrlbutlon schemes
Charge to profft or bss in respect of defined (xThlribubon schemes
2,839
2,501
The Trust operates a defined contributiors pension scheme for all quali￿￿9 employees. The assets of the
scheme a￿ held separalety from th)se of Ihe Trust in an independenuy adminislered fund.
Financial commrtments, guarantees and contingent liabilities
The Trust has made committnents lo furmj the fo51owing organisations ft)r up to a fvrther two years. These
have not been charged in the a(xounts since they are subject to the grant recipients satisfactorily meeting
their reporting requirements for future Ivnding lo be re￿ased. These grants wll be paid from current
resefves and future income.
2024
2025
Total
Speak Life
Love Barton
All Souls E3Stboume
Amallo Christian School
Emmanuel press
Faith in Kids
Asociacion El E￿3￿10
20,000
10,000
10.000
10,000
10,000
10,000
25,000
20,000
10.000
10,000
10,000
10,000
20,000
50,000
10.000
25,000
95.000
35.000
130.000
Previous y¢ar:
2023
2024
Total
Speak Lif8
Love Barton
All Souls Eastbourne
Amano Christian School
Transforrn Europe Nelwork
20.LYJO
10,000
10,000
10,000
5.500
20.000
10,000
10,000
10,000
40,000
20.000
20,000
20,000
5,500
55.500
50,000
105,500
26 Restricted funds
The restncted hJrKIs of the charty comprise the unexpended balances of donations and grants held on trust
subject lo specifio conditions by donors as to how they may be Ltsed.
-25-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
26 Rastrietad funds Icontlnu•dl
Previous year:
At 1 January
2022
Incoming
resources
Resources
expended
At31
December
2022
Lafvi8n Bibllcal Centre
15,000
(Is,0001
The fund represented monies donated to the Trust from The Stuart Hine Trust CIO with the condition of
passing on the monies to the Lafvian Bibli(21 Centre. This fijnd is now closed.
27 Unrèstricted funds- designated
These are unrestricted funds which ale material to the Trusfs activiiies.
At 1 January
2023
Transhws
Galns and
105S•S
At31
December
2023
Fixed Asset Investment Fund
9.374.619
11.777.452)
140.4091
7,556.758
Previous year:
At l January
2022
Transfers
Galns and
losse5
At31
Deeembèr
2022
Fixed A889t Investment Fund
9,808,170
116,4841
1417,0671
9.374,619
The fixed asset investment fund ￿presentert invested lunds ol a permanènt nature to generate incA)me for the
charity to enable it to cary out rts aclivth"es. and the fixed assets held to mn the charitvs operations.

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Operating lease commitments
Le55ee
At the reporting end date the Trust had OLrtstandirrfJ commitments for fiJbJre minimum lease payments under
non-cancellable operating leases, which fall due as f￿kjWs.'
2023
2022
Within one year
480
Lessor
The operating leases represent leases to third parties in investment properties. The leases are negotiated on
average over terms of 10 years and renlals are fixed on average lor S years. All leases include a provision for
five-yearfy upward rent reviews, if not earlier. aco)rdi¢wJ to pmailing market conditions. There are options in
pL8ce for either patty to exlend the lease terms.
At the reporting end the Trust contraGt811 vrith tenants for the following minimum lease payments..
2023
2022
Wrfthin one year
Be￿een two and fNe years
25,000
60,000
25.000
25,000
85,000
Related party transactions
There were no disclosable Telated party transactions during ￿ year12022- none).
30 Analysis of changes in net funds
The Trust had no material debt during the year.
-27-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
31 Cash generated from operations
2023
2022
Deficit for the year
1512.700}
1638.3721
Adjustrnènts for.
Investment income ￿COgniSed in statement of finantial aCtiV￿eS
Loss on disposal of investrnent propety
Loss on disposal ol invesbnents
Fair value gains and k)sses on tnvestment properties
Fair v81ue gains and losses OA investments
1289,9751
49,731
21,221
1388,8101
85,116
1240.0001
571,951
130.5431
Movements in working capital=
Decrease in mixed molNe investrnents
Decreasellincreasel in trade 8nd olher recewables
(Decreasel in trade and other payab￿$
Increase In defgrr&l income
5.245
93,941
143,6601
s,000
4,990
1144.2661
144,5541
Cash absorbed by operdtlons
1701,7401
1793,9451
32 Non4udlt seplices provlded by auditor
In common with many bUs1r￿SSeS of our size and n8￿re we use our auditor to assist with the preparation of
the financial statetnents.
-28-