Charity registrdtion number 1153327 (England and Wales)
Company registration number 08635189
CHILDS CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Caladine
Chartered Certified Accountants

CHILDS CHARITABLE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr Christopher Large (Chair)
Mr Stephen Puttock
Mrs Melanie Churchyard
Mr Robert Peake
Ms Janice Katyan
CEO
Mrs Melaniè Churchyard
Charity number
1153327
Company number
08635189
Principal address
40 Chapel Road
Pawlett
Bridgwater
Somerset
TA6 4SH
Registered office
40 Chapel Road
Pawlett
Bridgwaler
Somerset
TA6 4SH
Auditor
Caladine Limrted
Chantry House
22 Upperton Road
Eastboume
East Sussex
BN21 1BF
Banker5
Natwest Bank plc
96 Terminus Road
Easlboume
BN213AA
Solicitors
Mayo Wynne Baxler
3 Bell Lane
Lewes
East Sussex
BN7 1JU
Investment Manager
Rathbone Investment Management
8 Finsbury Circus
London
EC2M 7AZ
Savills Investment Management
33 Margaret Street
London
W1G OJD
Property agents
Bree Prenton Property Consultants
21 The Waterfront
Sovereign Harbour
Eastboume, BN23 SUZ

CHILDS CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Statement of Trustees. responsibiltties
Independent auditoffs report
Statement of financial activities
10-11
ststement of financial position
12
Statement of cash flows
13
Notes to the finanGial statements
14-29

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and financial statements for Childs Chatitable Trust Clhe Trusf) for the year
ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Trusfs memorandum and articles of association, the Companies Act
2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the
Charities SORP "Accounting and Rcporting by Chanties.. otatement of Rewivimended Pradlce applicable to
charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)"
Objectives and activities
The Trust is a Christian grant-making Trust and since 2013. a Company Limited by Guarantee. Since its
inception in 1962 the principal object of the Trust remains the furtherance of the Christian gospel and the
Trustees are actively involved in supporting and encouraging many Christian charities to achieve this goal.
We continually monitor the economic and social situation both within the UK and overseas and whilst we are
unable to predict the impact on the charity's future, we take appropriate advice to ensure the granl-making work
of the charity continues.
Public Benefft
The Trustees confim) that Ihey have referred to the guidance ￿ntaIned in the Charity Commission's general
guidance on public benefil when reviewing the Trust's aims and objectives and in planning future activities and
setting the grant making policy for the year.
The Trust has established its grant making policy to achieve ts objects for the public benefit.
All applicants are infomed of the outcome at the end of the process whether their application has been
successful or not.
Achievements and perforniance
Grants Awarded
As required by the Trust's Memorandum and Articles of Association, all activities have as their core purpose the
Trust's own main objective Ihe furtheran￿ of the Christian Gospel."
All applications are sent on the Trust's application fonn.
Full details of the current process can be found on the Trusys website. All applications received are considered
but, unfortunately, not all can be supported.
The total charttable distributions in the year amounted to £831,000 (£691,800 in 2023).
The Trust re￿iVed 218 applications and awarded grants to 72 dtfferent organisations.
The organisations fvnded are all based in the UK although many work overseas as well 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.
Some of the cornments that we are able to share are a joy and encouragement to the trustees.
Schools Work:
°Using your generous support. we aimed to fiirth8r our wsion - to help childrBn pray, and through prdyer
encount8r the God who knows and loves them - in several key st￿tegiC areas. These included the training of
new voluntee￿, an overhaul of resOU￿e material (replacing old, pre-pandemic reSoU￿s, as well as Q￿ating
new ones) and expanding our reach and impact..

CHILDS CHARITABLE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
.1 want to convey how g￿teful we foryourincr8dible support. Youtre hel￿d us impact thousands of lives, b£rt
youve also helped us t￿n￿On￿ the lives of th8 few who impact the many, prniso the Lonll.
Youth Work:
°We hav8 produced a high qualty video seiies for youth discipleship and made it freely available on our media
page. The level of p￿dUction was enabled by the generous from Childs Chai7tab18 T￿st."
°We remain amazed by the goodness of God. the slories we hear fmm Ch￿￿heS & families and the progress we
have seen. In the last 12 months we have been able to produ￿ 11 new resources for Churches & Families. Th8
transfoThnation has been more than we could have hoped for. Thank you so muGh for your Gontinued support to
holp us produce resources that ar8 giwng confid8nLE to pa￿ntS and church8s and mrg importantly having
a great impact on the faith joumey ofmany thousands of child￿n.
BiblelLeadership Training:
°Your grdllt supported the establishrnent of a new chu￿ Planting Glass. Over the cOu￿e of a year participants
Unde￿O￿t th￿8 fflonths of classroom instruction followed by nine months of fieldwortt. Collectively, this cohort
was expected to ￿ach appn)ximately 6,000 families and plant 20 nèw churches. Th8 outcom8s We￿ as follows..
Families Reached.. 5. 539
Scripture and Literature Distributed.. 4,363
Individuals Who R8C8ived Christ." 604
Baptisms.. 175
Prayer Gmups Fonned.. 50
Churches Planted.. 20°
Pastornl care:
°The grant was pmvided for an OUt￿aGh and Discipleship prDiect. d81iv8r8d by multiple teams w0￿1ng across
the country. For over IQ Yea￿ this pmject has successfully engaged leading hund￿dS of local people to faith in
Christ."
Humanitarlan Needs:
°ljust wanted to dmp you a note to say a massive thank you for yOUrp￿yerS and support for the woth this past
year. It has been so appreciated..
°This is a very genemus glit ftir t￿ Earthquake Reli&f Fund. We arn so g￿18￿1 to you and your Tmstees, and I
know that it ￿11 be a great encouragemenff
Monitoring:
In accordance with their monitoring policy, the Trustees monttor the activtties and perfornian￿ of the Trust's
beneficiaries to ensure the gnls are used for their charitable purpose. Impad reports are provided to the Trustees
for subsequent review and discussion. These reports enable the Trustees to understand more fully the activities
and needs of the recipient charities. The charities themselves express their appreciation for such monitoring as it
helps them understand the ethos of the Trust and often enables a closer partnership to deveS0p.
Melanie (CEO and Trustee) or another Trustee visits all grant recipients who have recewed a significant donation
from the Trust in the year and reports back to the Trustees.
Missions Day:
Every year the Trustees arrange a 'Missions Day. to which various Christian charities are invited lo join the
Trustees, staff and other invited guests, for the day to give presentstions of their work and to spend time in
prayer. In 2024 we were joined by 5 Mission organisations. The Trustees have expressed how beneficial they
feel these days to be in gaining a deeper insight into the work and needs of the Missions.

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
Income
The income of the Trust is mainty received from two asset porttolios. comMer￿al properties and investments.
The Trustees take advi￿ on their properties from an Eastboume based commercial propety agent.
The investment portfolio continues to be managed by Rathbone Investment Management.
Asset cover for funds
The Trusvs assets are adequate and available to fulfil tts obligations.
Reserves policy
As all reserves are unrestricted and "free. reSe￿e5. it is the policy of the Trust that unrestricted funds should be
designaled to match the market value of fixed assets investments. This ensures that these fvnds are considered
'permanenf in nature as they are necessary to generate income for the Trust to enable it to rarry out its activities
and continue in the future. At 31 De￿mber 2024, such -permanenf reserves total £8,533,254 equal to the
Trusl's [￿ed asset investments.
Investment policy:
The investment portfolio managed by Rathbone Investment Management, seeks lo achieve a balan￿ betsveen
capital growth and income growth through a porttolio investing Primari￿ in equities and fixed inleresl stocks with
medium risk, and to ensure a reasonable income. The Trustees have set ￿rtain ethical restrictions on its
investments with those being avoided that relate direclly to amaments. tobacco, alcohol and media cOn￿mS
that conflicl with the Trust's Christian ethos. The Trustees are satisfied with the current retum on capital.
The Trustees meet with the Investment Manager once a year to discuss the requirements for the forthcoming
year and to review past perf0rrnan￿.
Loans
The charty also holds one investment in the form of a loan to a charty with similar objects. The loan receives
inlerest at a market rale and has a period of 12 years remaining on the temi. The loan is secured on the assets
of the charty. The loan is provided to fvrther the charitable objects of the charity and specifically in furtherance of
the Christian Gospel. The Trustees annually review the activrties and finances of the charity loaned lo, to ensure
that these aims are being met.
Plans for future periods
It is the intention of the Trustees for the Trust to continue tts activities in the long te￿, using its annual income
and maintaining its capital base.
Strategy Day
Each year the Trustees hold a Strategy Day to diS￿sS the requirements of the Trust over the next 5110115 years
and the procedures that might be needed to be put in place to achieve the Trusfs vision.
The Trust's Vision and Mission statements are-
Vision - To see a wodd where every person has the potential to hear and respond to the gospel message.
Mission - To strategically fund Christian organisations which promole the Christian gospel.
The Truslees also discuss the requirements of the Trustee board and their strategy for Trustee recruitment.
A funding slrategy is discussed and agreed for the forthcoming year. Details of the agreed strategy is published
on the Trust's website.
At the 2024 Strategy Day the Trustees decided that they should continue throughout 2025 to keep aligned with
their vision and mission statements. Ensuring organisations apptying for fijnding in 2025 focus primarily on the
sharing of the Christian gospel.

CHILDS CHARITABLE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are mindful of their overspend and have agreed that for the duration of 2025 the Trustees will only
accept requests for funding from those organisations that have been supported by the Trust in the prebllous 3
years.
The Trustees also discussed their property porttolio. Most of the properties thal were in the Trust's portfolio have
now been sold. The Trustees continue lo consider future opportunities for investhient.
Structure, governance and management
Structure:
The Trust's Memorandum and Articles of Assopiation stste.. The Charitls Obieds are for the public benefit to
advance the Christian faith in accordance with the Statement of Beliets
in Easlbourne. East Sussex and in
such other parts of the United Kingdom or the world as the Trustees may from time to lime think fit and to fu￿1
such other purposes which are exdusively charrtable according to the law of England and Wales and are
connected with the charitable work of the Charity.
Governance:
Whilst the day to day matters and general running of the Trust are delegated to Melanie Churchyard (CEO and
Trustee), this is done in referen￿ to the other Twstees who ultimately take responsibility for all decisions.
The Trustees met every three months to revlew financial and investment matters, consider grant applications and
deal with other issues as ne￿Ssary. Communications by email and telephone in between formal Trustees.
meetings enable any urgent matters to be deam with.
The CEO and Chair of Trustees meet in belween meetings to prepare the agenda for meetings and discuss any
other relevant matters.
The Trustees, who are also the directors for the purpose of company law. and who served during the year and up
to the date of signature of the financial statements were-
Mr Christopher Large (Chair)
Mr Stephen Puttock
Mrs Melanie Churchyard
Mr Robert Peake
Ms Janice Katyan
All Truslees must be active members of their local church, subscribe to the Trusys Slatement of Beliefs and
share the Christian ethos and aims of the Trust. It is imperative that all Trustees have general Gharity experience
and are able to devote their time and energies to the affairs of the Trust. None of the Trustees are remunerated
for their services but are reimbursed for out-of-pocket expenses incurred in the perf0mlan￿ of their duties as
Trustees.
Management
Mrs Melanie Churchyard. CEO. deals with all of the day-tothday affairs of the Trust. Melanie was employed
throughout the year. The Trust has use of an office in Pawlett, Somerset. Melanie keeps all Trustees fully
informed of the matters of the Trust.
The remuneration of staff is discussed and decided by the Trustees (exduding Melanie) and is based on relevant
skills and responsibilities and in line wtth the rates prevailing in the charitable sector.
Throughout 2024 the Trust was a member of the Crvil Society and the Christian Funder5 Forum.

CHILDS CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Risks
The Trustees regularty rewew and assess the major risks to which the chatity is exposed. Advice and guidance
is sought from our auditors and other professionals. The main financial risk to the charty is the level of relum on
investments Sin￿ this affects the grants Et can pay out.
The Trustees are aware that there are likety to continue to be challenges due to the aftereffects of the
CuivFid¥llUb Pdiid¥iiiic and the ongoing war in the Ukraine. The Trustee5 are continualty monitoring the situation
and keep in regular communication with their advisors and investment manager.
It is impossible to eliminate all risks, but the Trustees are satisfied that the systems they have in place mitigate
exposure to the major risks as far as they are able.
All policies are reviewed in accordan￿ with the agreed rewew schedule.
The Trustees are kept infomied by the auditors and solictiors of the Trust of their obligations as charity Trustees,
together with their legal and statutory duties. Whenever possible. Trustees and stsff attend relevant training and
seminars to help understand further their responsibililies and duties.
Feedback from the grant recipients is essential and it is such reports and testimonies, that help the Trustees
evaluate the impad of the support the Trust has provided and to plan for the fvture. However. as the Trust's main
objective and many of the resutts reported are of a spirrlual nature, tangible eviden￿ is often lacking. The
Trustees recognise that it can be dtfficult to quantify final results and impact; however, they seek to encourage
the grant recipients to be as detailed as possible in their reporting.
Disclosure of inforniation to auditor
This report has been prepared in accordance with the srnall ￿fflpanY regime as outlined in Section 419121 of the
Companies Acl 2006. Each of the Trustees has confirmed that there is no information of which they are aware
which is relevant to the audit, but of which the audrtor is unaware. They have fvrther confinned Ihat they have
taken appropriate steps to identify such relevant infomiats'on and to establish that the audrtors are aware of such
information.
The
es, report was approved by the Board of Trustees.
Mr Chri
er
e (Chair)
ee

CHILDS CHARITABLE TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tnjstees, who are also the Directors of Childs Charitable Trust for the purpose of company law, are
responsible for preparing the Trustees. Report and the financial statements in accordanGe with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the
income and expenditure. of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting poliryes and then appty them consistently"
- observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent"
state whether applicable UK Accounting Stsndards have been followed. subject to any material departures
disdosed and explained in the financial staternents., and
- prepare the finaneial statements on the going con￿rn basis unless it is inappropriate to presume that the Trust will
continue in operation.
The Trustees are responsible for keeping adequate accounting records that disdose wtlh reasonable accuracy at
any time the financial position of the Trust and enable them to ensure that the financial slatements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Company law requires Ihe Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the Trust and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements. the Trustees are required to".
- select suitable accounting policies and then apply them consistentty:
- observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been folk)wed, subject to any material departures
disclosed and explained in the finanLial statements: and
prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the Trust will
ontinue in operation.
The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at
any time the financial position of the Trust and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking
reasonable steps for the prevention and detection of fraud and other i￿egUlarities.

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
Opinion
We have audited the financial statements of Childs Charitable Trust (the 'TrusY) for the year ended 31 December
2024 which comprise the statement of finanryal activrties. the statement of ffinancial posrtion, the statement of cash
flows and notes to the financial statements, induding signtficant accounting poliues. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards,
including Financial Reporting Standard 102 The Financial Repothng standa￿ applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practs￿).
In our opinion, the financial ststements..
give a true and fair wew of the stale of the charitable company's affairs as at 31 December 2024 and of its
incoming resOUr￿S and application of reSoUr￿s, induding its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally AcGepted Accounting Practice.
and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibililies under those standards are further described in the Auditorfs responsitslities for the audit of
the financial statements section of our report. We are independent of the Trust in a¢xordance with the ethical
requirements that are relevant to our audtl of the financial statements in the UK, including the FRC'S Ethical
Standard, and the provisions available for small entities, in the circumstan￿5 set out in note 33 to the financial
statements, and we have fulfilled our other ethical responsibilities in acxordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have conduded that the TnJstees' use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Daseu vi l Ll Ir
VVF Iiav
"e nrt+ iAenhfiarl mat•ri21 iinNirtainth*¢ r#l#hng In pvpntg or
conditions that, individually or collectively. may cast significant doubt on the Trust's abilty to continue as a going
concem for a period of at least twelve months from when the finanaal statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the
relevant sections of this report.
Other infonnation
The other information comprises the infonnation included in the annual report other than the financial statements
and our auditorfs report thereon. The Truslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other infomalion and, except to the extent
otherwise explicitly stated in our report, we do not express any fonn of assuran￿ conclusion thereon. Our
responsibility is lo read the other information and. in doing so, consider whether the other infomiation is materially
inconsistent wilh the financial ststements or our knowledge obtained in the rKJurse of the audrt. or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether this gives rise lo a matenal misstalement in the financial slatements themselves. If.
based on the work we have performed, we condude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Trustees, report for the financial year for which the financial statemenls are
prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the
financial statement5'. and
the directors. report included within the Trustees. report has been prepared in accordance with applicable legal
requirements.

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
Matters on whlch we are requlred to report by exce￿10n
In the light of the knowledge and understanding of the Trust and tts environment obtained in the course of the audit,
we have not identified material misstatements in the directors. report included within the Trustee5' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you rf, in our opinion..
adequate accounting records have not been kept. or retums adequate for our audit have not been re￿IVed
from branches not wsited by us.. or
the finanaal statements are not in agreement with the accounting records and retums; or
¢ertain disdosures of trustees. remuneration spectfied by law are not made.. or
we have not received all the infom)ation and exptanations we require for our audit-, or
the Trustees were not entrtled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees. report and from the
requirement to prepare a strategic report.
Responsibilities of Trustses
As explained more ful￿ in the ststement of Trustees. responsibilities, the Trustees. who are also the directors of the
Trust for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such intemal control as the Trustees determine is necessary to
enable the preparation of financial statements that are free from material misststement, whether due to fraud or
error. In preparing the finanrial stalements, the Trustees are responsible for assessing the Trust's ability lo continue
as a going concem, disclosing, as applicable, matters related to going concern and using the going concem basis of
accounting unless the Trustees erther intend to liquidate the charitable company or to cease operations, or have no
realistic atternative but to do so.
Auditorfs responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the finanual statements as a whole are free from
material misstatement, whether due lo fraud or error. and to issue an auditorfs report thal includes our opinion.
Reasonable assurance is a high level of assurance bui is not a guarantee that an audtt conducted in accordance
with ISAS (UK) will a￿ayS detect a material misstatement when it exists. Misstatemenls can arise from fraud or
error and are considered material rf. individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, induding fraud, is detailed below.
The extent to which the audit was considered capable of detscting irregularities including fraud
Our approach to identifying and assessing the risks of material misststement in respect of I￿egula￿ties, including
fraud and norithcompliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectivety had the appropriate competen￿,
apabilities and skills to identify or recognise non-compliance wtth applicable laws and regulations,.
we identified the laws and regulations applicable to the charity through discussions with trustees, and from
our commercial knowledge and experien￿ of the charity sector"
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, induding the Companies Act 20C6. Charities Act
2011 and employment legislation.,
we assessed the extent of compliance wilh the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instsnces of non-compliance throughout the audiL

CHILDS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHILDS CHARITABLE TRUST
We assessed the susceptibilty of the trusY5 ffinancial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by:
making enquiries of management as to where they wnsidered there was susceptibility to fraud. their
knowledge of actual, suspected and alleged fraud,. and
considering the intemal controls in pla￿ to mitigate risks of fraud and norFcompliance with laws and
regulations.
Audit response to risks identified
To address the risk of fraud through management bias and override of controls, we:
perfomed anawical proe£dures to identfy any unusual or unexpected relationships.
tested joumal entries to identify unusual transactions-
assessed whether judgements and assumptions made in detemiining the accounting estimates were
indicative of potential bias- and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregulartties and nor)v¢omplian￿ with laws and regulations, we designed procedures
which included, but were nol limited to..
agreeing financial statement disdosures to undetying supporting documentation..
reading the minutes of meetings of those charged with governance-
enquiring of management as to actual and potential Ittigation and daims- and
reviewing correspondence with HMRC and relevant regulators
There are inherent limitations in our audit prO￿dureS described above. The more removed that laws and
regulations are from finan￿al transactions, the less likety it is that we would become aware of non-complian￿.
Auditing standards also limit the audit procedures required to identrfy noTrcompIian￿ with laws and regulalions to
p.nquiry of the Irustees and other management and the inspection of regulatory and legal correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-11
www.frc.org.uklauditorsresponsibilities. This description foms part of our audttorfs report.
Mr Colin James Dadswell FCCA (Senlor Statutory Auditor)
for and on behalf of Caladine Limited, Statutory Auditor
Chartered Certified Aco)untants
Chantry House
22 Upperton Road
Eastboume
East Sussex
BN21 1BF
Date-.

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financial year
Unrestricted Unrestricted
funds
funds
general designated
2024
2024
Total
Total
2024
2023
Notes
Income and endowments from:
other trading adivities
Investments
Other income
75,500
242.486
75,500
242.486
64,095
289.975
5,402
Total income
317,986
317.986
359,472
Expenditure on:
Raising funds
Charitable activities
Other expenditure
57.440
922.703
13.%0
57.440
922,703
13,960
55,408
773,738
13
Totsl expenditure
994.103
994,103
829,146
Net gainsl(losses) on investments
14
291,177
291,177
(40,409)
Net incomel(expenditure)
(676.11 T)
291.177
(384.940)
(510.083)
Transfers between funds
26
(685,319)
685,319
Net movement in funds
10
(1.361,436)
976.496
(384.940)
(510,083)
Reconciliation of funds:
Fund balances at 1 January 2024
1,767,343
7.556,758
9,324.101
9,834,184
Fund balances at 31 December 2024
405,907
8.533,254
8.939.161
9,324,101
The statement of finanaal activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financial year
Unrestricted Unrestricted
funds
funds
general deslgnated
2023
2023
Totsl
2023
Notes
Income and endowments from:
Other trading activities
Investments
Other income
64.095
289.975
64,095
289,975
5,402
Total income
359,472
359,472
Expenditure on:
Raising funds
55.408
55,408
Charitable adivities
773.738
773,738
Total expenditure
829,146
829,146
Net gainsl(losses) on investments
14
(40,409)
{40,409)
Net Income
(469.674)
(40,409)
(510,083)
Transfers belween funds
26
1,777,452
(1,777.452)
Net movement in funds
10
1,307,778
(1,817,861)
(510,083)
Reconciliation of funds:
Fund balan￿5 at 1 January 2023
459,565
9,374,619
9.834,184
Fund balances at 31 December 2023
1.767,343
7,556,758
9,324.101
11

CHILDS CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Investment propety
Investments
Mixed motive investments
17
18
19
1.033.500
7.402.562
97,192
1,033,500
6,420,556
102,702
8.533,254
7,556,758
Currnnt assets
Trade and other receivables
Cash at bank and in hand
20
28,551
432,750
56,780
1,744,620
461,301
(55.394)
1,801,400
(34,057)
Current liabilities
22
Net current assets
405,907
1,767,343
Totsl assets less current liabilities
8.939,161
9,324,101
The funds of the Trust
Unrestricted funds- general
Unrestricted funds- designated
405.907
8,533,254
1,767,343
7,556,758
26
8,939,161
9,324,101
Th
181812025
al statements V￿re approved by the Trustees on .......................
Mr Christ
Tr
ge (Chair)
Company re
tion number 08635189 (England and INales)
12-

CHILDS CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
32
(863.52n
(701,740)
Investing activities
Proceeds from disposal of investment
propety
Purchase of other investments
Proceeds from disposal of other investments
Investment income received
1,640.269
1799,896)
931.835
289.975
(2,257,153)
1,566,324
242,486
Net cash (used in)Igenerdted from investing
activities
(448,343)
2,062,183
Net Idecrease)fincrease in cash and cash
equivalents
(1.311.870)
1,360,443
Cash and cash equivalents at beginning of year
1.744.620
384,177
Cash and Gash equivalents atend of year
432.750
1,744,620
13-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies
Compary inforniation
Childs Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is 40 Chapel Road, Pawlett, Bridgwater, Somerset. TA6 4SH.
1.1 Basis of preparntion
The financial statements have been prepared in accordance with the Trusfs Memorandum and Articles of
Associalion.
the Companies Act 2006 and "Accounting and Reporting by Charities: Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The
Trust is a Public Benefft Entity as deffined by FRS 102.
The financial statements are prepared in sterfing. which is the functional currenGy of the Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical o)st convention. modified to include
investment properties and certain financbal instnjments at fair value. The principal accounting policies adopted
are sel oul below.
1.2 Going concern
At the time of approvrng the financial statements. the Trustees have a reasonable expectation that the Trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going con￿rn basis of accounting in preparing the finan￿al statements.
1 a Charltable funds
Unrestricted funds are available for use at the discxetion of the Trustees in fijrtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific
purposes. The purposes and uses of the designated fvnds are set out in the notes to the financial statements.
Restricted funds are subject to speafic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Trust is legalty entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and tt is probable that income will be received. The Charity's income
consists of voluntary income and that from investments, induding property.
Cash donations are recognised on re￿ipt. Other donations are recognised once the Trust has been notified of
the donation, unless perfomiance conditions require deferral of the amount. Income tsx recoverable in relation
to donations received under Gtft Aid or deeds of covenanl is recognised at the time of the donation.
Rental income from investment properbes is deferred where it has been recetved in advance and is relevant
to a subsequent period.
Investment income in income from listed investments and loan interest receivable and is recognised in the
accounts when re￿1Vable.
14-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounling policies (Continued)
1.5 Expenditure
Liabilities are recognised as soon as a legal or constructive obligation arises committing the Trust to the
expenditure. All expenditure is acc£)unted for on an accruals basis and has been dassified under headings
that aggregate all costs relaled to the category. Costs of activities in furtherance of the Trusvs objects are
grants made by the Trust to support Christian charitable projects. and the support costs relating to this activrty.
Costs of raising funds comprise those costs relating to the management and maintenance of the investment
properties, as well as the investment managerfs fees for managing the investments and securities.
Support costs comprise administration costs in relation to grant making, together wllh govemance costs.
Governance costs indude the costs of auditing the statutory ac￿unts. the cost of Trustees. meetings and the
cost of any legal advice to Trustees. on governance or constrtutional matters. The support costs have been
allocated wholty to the grant making actlvities, with the exception of the support wages. These wages have
been allocated 100/0 to the costs of raising fijnds and 90% to the grant making actNlties, on a time basis.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation,
nel of dePre￿allOn and any impairment losses.
Depreciation is recognised so as to wnte off the cost or valuation of assets less their residual values over their
useful lives on the following basis:
Fixtures, fittings and equipment
3 years straight line (All assets fulty depreciated)
The gain or loss arising on the disposal of an asset is determined as the drfference be￿een the sale proceeds
and the carrying value of the asset. and is recognised in the statement of financial activities.
Tangible fixed assets are capitalised rf they be used for more than one year and r))st at least £500.
Neither land nor the investment properties are depreciated.
1.7 Investment property
Investment properties are those held to eam rentals an(Vor for capital apprecialion. The investmenl properties
are measured using the fair value model and stated at its fair value (open market value) at the reporting end
date. The surplus or deficit on revaluation is recognised in net incomel(expenditure) for the year.
1.8 Non-current investments
Listed inveslmenls are measured using the fair value model and stated at ils fair value (open Ma￿et value) at
the reporting end date. The surplus or deficit on revaluation is recognised in net incomellexpendilure) for the
year.
The Trust also has mixed motive investments in the form of loans to charities with similar objects and these
have been dealt with as financial instruments and in accordance with the treatment suggested in the FRS102
SORP (see financial instruments below). The loans receive interest at a markel rate (between 5 and 5.50A),
are for periods of up to 25 years and are secured on the assets of the charities. They are provided to further
the charitable objects of the charity and specificalty in furtherance of the Christian Gospel. The Trustees
regularly review the activities of the thar￿.e5 loaned to. to ensure that these aims are being met.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid
investmenls wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
15-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (Continued
1.10 Flnanclal Instruments
The Trust has mixed motive investrnents in the fonn of loans to chartiies with similar objects. As these are
financial instruments. the Trust has applied the treatment suggested in the FRS102 SORP and has initially
recognised and measured the loans at the amount paid. The carying amount will then be adjusted in
subsequent years to reflect repayments and any accrued interest as well as adjusting rf necessary for any
impairment.
other than these mixed motive investments. the Tnjst 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. Basic financial assets indude Irade
and other re￿1VableS and cash and bank balan￿s. Basic finanaal liabillties include trade and other payables
where trade payables are obligations to pay for goods and Ser￿￿S that have been acquired in the ordinary
course of operations from suppliers.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Tennination beneffts are recognised immediately as an expense when the Trust is demonstrably committed lo
terminate the employment of an employee or to promde termination beneffts.
1.12 Retirement benefits
Payments to defined contribution retirement benefft sthemes are charged as an expense as they fall due.
1.13 Grant Making Policy
The Trust supports by the provision of financial grants some of those Christian organisations whose own
actiMties MI￿Or further the Trusfs own aims and objectives. Numerous and varied applications are received by
the Trust every month. In addition the Trustees are also aware of other Christian organisations and encourage
them to submit applications to the Trust. All applications are prayerfully considered by the Trustees but, due to
the Trust's own limited means. not all applications can be supported.
Grants for which there is a legal obligation, or a valid expectation of receipt by the beneficiary at the year end,
and for which conditions allaching lo their payment have been fulfilled. are accounted for in the year.
Critical accounting estimates and judgements
In the application of the Trusfs accounting policies. the Trustees are required to make judgements, estimates
and assumptions aboLrt the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
16-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other trading actlvltles
Unrestricted Unrestrlcted
funds
funds
2024
2023
Rental income
75.500
64,095
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from listed investments
Leasehold extension fees
Interest receivable
228,767
243,441
19,525
27,009
13,719
242,486
289,975
Other income
Unrestricted Unrestricted
fvnds
funds
2024
2023
Employment allowance received
5,402
17-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Inveslment
ex
enses
Property overheads and management
Support costs
13,427
7,507
15.901
6.619
20.934
22,520
Investment management fees
36,5C
32,888
Total costs
57,440
55,408
Property overheads and management
Rates
Light and heat
Repairs and maintenan
Legal and professional
Insurance
821
(122)
4,827
7,206
3.169
2,873
7,850
2.702
13.425
15,901
Expenditure on charitable activities
Charitable
activities
Charitable
activities
2024
2023
Dlrect costs
Missions day
3,153
4,032
Grant funding of a¢tNities (see note 8)
831,000
691,800
Share of support and governance costs (see note 9)
Support
Govemance
67,523
21,027
57.791
20,115
922,703
773,738
Analysis by fund
Unrestricted funds - general
922,703
773,738
18-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
Charitsble
activities
2024
Charitable
activities
2023
Grants to institutions..
Association El Alfarero
International Needs
cliffe Bible Translators
Innovists International
Sat-7 UK
Youthscape
Faith in Kids
Other granls belween £15.000 and £20.000
Other grants be￿een £10.000 and £14.999
Other grants belween £5.000 and £9.999
Other grants betweem £3,000 £4.999
Other grants nol exceeding £2.999
25,000
10,000
25,000
70,000
30,000
40,000
60,000
75.000
362.000
25,000
40,000
25,000
30,000
20,000
10,000
20,000
170,000
206,100
li
110.000
12,500
11,500
135,200
3.000
7.500
831,000
691.800
Grants to institutions represent payments made in the year to 72 organisations (2023.. 69 organisations).
19-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support Costs allocated to aclivilies
2024
2023
Staff costs
Computer expenses
Repairs and renewals
Telecommunications
Printing and postage
Travel expenses
Sundry expenses
G0Veman￿ costs
67,566
2,347
192
703
140
92
3,990
21,027
59,570
1,604
360
1,177
299
176
1,224
20,115
96,057
84,525
Anal sed belween..
Fundraising
Charitable activities
7.507
88,550
6,619
77.906
96.057
84,525
2024
2023
Governance costs comprise:
Staff costs
Audil fees
Accountancy
Trustee meeting costs
Travel expenses
7.507
6,480
3,000
1,571
2,469
6,619
6,120
2,880
832
3,664
21,027
20,115
10 Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl(crediting):
Fees payable to the charitl5 audttor.
- for Ihe audit of the charitls financial statements
- for other financial services
Loss on disposal of investment property
6.480
3.000
6.120
2,880
49.731
-20-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Trustees
Trustee Melanie Churchyard received a salary of £64,378 (2023: £56,771) and employer pension
contributions of £3,066 (2023: £2.839) during the year, the authority for the employmenl of Trustees is
contained within the Memorandum and Articles of Association. Melanie Churchyard also received long serving
anniversary gifts of monetary value £486.
None of the other Trustees (or any persons connected wtth them) re￿iVed any remuneration or benefits from
the Trust during the year. Trustees had total expendtture of £4,040 (2023: £4,4￿) reimbursed or met by the
harity for meeting, travel and other expenditure.
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Administration
Employment costs
2024
2023
Wages and salaries
Social security costs
Olher pension costs
64,378
7,629
3,066
56,771
6,579
2,839
75,073
66,189
The number of employees whose annual remuneration was more than £60.000 is as follows..
2024
Number
2023
Number
£60.000 to £69.999
13 Other expenditure
Unrestricted Unrestricted
funds
funds
2024
2023
Employment allowance repayable
13.960
21

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Gains and losses on investments
Unrestricted Unrestrictsd
funds
funds
designated designated
2024
2023
Gainsl(tosses) artsing on=
Revaluation of investments
Sale of investments
Sale of investment properties
267,696
23,481
30.543
(21,221)
(49,731)
291.177
(40.409)
15 Taxation
The charity is exempt from taxation on its activities because all its income is applied for chaTitable purposes.
16 Property, plant and equipment
ffttlngs and
equlpment
Cost
At 1 January 2024
4,361
At 31 December 2024
4,361
Depreciation and impalm*nt
At 1 January 2024
4.361
At 31 De￿mber 2024
4,361
Carrying amount
At 31 December 2024
17 Inveslment property
2024
Fair value
At 1 January 2024 and 31 December 2024
1,033,500

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Investment property Icontinued)
The remaining residential investment propety. 17 Maple Road, Eastboume, BN23 6NY, is held WFthin
Investment properties al fair value £925,000. The last professional valuation was in March 2023 carried out by
Mr Anton G K Bree FRICS of Bree Prenton Propety Consultants. Eastl)oume. The Trustees are of the opinion
the market value has not materially changed at 31 December 2024.
In addition to the freehold property held, there are 3 parcels of bare land and a block of garages linked to one
of the freehold interests with a total disclosed value £103,500. These were transferred to the Charity when it
was incorporated in 2015 with the acting solicitor placing nominal valuations on them. The Truslees believe
the there has been no material change to these valuations as at the balance sheet date.
The historical cost of the properties as at 31 December 2024 were £742.000 (2023: £742.000).
18 Fixed asset investments
Listed
invesljnents
Cost orvaluation
At 1 January 2024
Additions
Valuation changes
Disposals
6,420,556
2,257,153
267.696
(1,542.843)
At 31 December 2024
7,402.562
Carying amount
At 31 December 2024
7,402,562
At 31 December 2023
6,420,556
19 Mixed motive investments
At 1 January 2024
Interest
Repayments
102,705
5,010
(10,523)
At 31 December 2024
97.192
Mixed motive investments represent loans made to other charities with similar objects to the charitable
company. As these are finanryal instruments. the charity has applied the treatment suggested in the FRS102
SORP and ha5 initially re￿gnISed and measured the loans at the amount paid. The carying amount will then
be adjusted in subsequent years to rellect repayments and any accrued interest as well as adjusting them for
any impairment.
In order to secure the loans, the chartty has a charge over property owned by the loan holders.
-23-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Trade and other receivables
2024
2023
Amounts falllng due wlthln one year.
Trade receivables
Prepayments and accrued income
25.204
3,347
54,163
2,617
28.551
56,780
21 Contingent asset
Childs Charitable Trust has a registered charge of £70.CM)O over a parcel of land located to the west side of
SoLrthdown Road, Seaford, East Sussex. The land is registered in the name of Simmons Contractors Limited
(Reg. No. 1695245), a company which went into liquidation in 1989 and has been removed from the
Companies House Register.
Recoverability of this debt is uncertain. The charity has taken legal advi￿ and Counsel's opinion on this
matter to establish the legal posttion. It is understood that in the future, ownership of the land plus the property
located on the land will revert to the crown bul that the land original loan sum of £70,000 which is secured by
the charge over the land will be repayable to the chartty.
Due to the circumstsnces surrounding this loan which is subject to un￿rtain fvture events, the Charty's
interest in this land has not been recognised in these accounts.
22 Current liabilities
2024
2023
Notes
other taxation and social secunty
Deferred income
other payables
Accruals
409
378
5,000
12,000
16,679
23
36.772
18,213
55,394
34,057
23 Deferred income
2024
2023
Other deferred income
5,000
Deferred income 1$ induded in the financial statements as follows:
2024
2023
Deferred ino)me is included within:
Current liabilities
5,000
Movements in the year:
-24-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Deferred income Icontinued)
Defe￿ed income at 1 January 2024
Released from previous periods
Resources deferred in the year
5,000
{5,000)
5,000
Deferred income at 31 December 2024
5,000
Deferred income represents rent income invol￿d in athiance.
24 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
2,839
The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Trust in an independenty administered fvnd.
-25-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Financial commitnxnts, guarantees and contingent liabililies
The Trust has made crJmmTtments to ftjnd the following organisations for up to a fvrther three years. These
have not been charged in the accounts since they are subject to the grant recipients satisfactorily meeting
their reporting requirements for future funding to be released. These grants will be paid from current
reseNes and future income.
2025
2026
2027
Total
Faith in Kids
Asociacion El Elfarero
YMCA Norfolk
St Michael &AII Angels
Trinity Church London
Festive
10.OQM)
25.000
5.000
10.000
10.000
10,000
25,000
5,000
20,000
20,000
30,000
10.000
10.000
15,000
15,000
60,000
35,000
15,000
110.000
Previous year".
2024
2025
Total
Speak Lrfe
Love Barton
All Souls Eastboume
Amano Christian Sthool
Emmanuel press
Faith in Kids
Asociaaon El Elfarero
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
-26-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
26 Unrestricted funds - designated
These are unrestricted funds which are material to the Trusys activities.
At 1 January
2024
Transfers
Gains and
losses
At31
December
2024
Fixed Asset Investment Fund
7.556,758
685,319
291.177
8,533,254
Previous year:
At 1 January
2023
Transfe
Gains and
losses
At31
December
2023
Fixed Asset Investment Fund
9.374.619
(1.777,452)
(40,409)
7,556,758
The fixed asset investment fund represented invested ftjnds of a pemianent nature to generate income for the
charity to enab￿ it to carry out its activities. and the fixed assets held to run the charity's operations.
27 Analysis of net assets between funds
Unrestricted Unrestricted
funds
funds
general designated
2024
2024
Totsl
2024
At 31 December 2024:
Investment properties
Investments
Mixed motive inveslments
Current assetsl(liabilities)
1,033,500
7.402.562
97.192
1,033,500
7,402,562
97,192
405,907
405,907
405,907
8,533.254
8,939,161
-27-

CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
27 Analysis of net assets between funds (Continued)
Unrestricted Unrestrictsd
funds
funds
general designated
2023
2023
Totsl
2023
At 31 December 2023:
Investment properties
Investments
Mixed motive investments
Current assetsl(liabilities)
1,033,500
6,420.556
102,702
1,033,500
6.420,556
102,702
1,767,343
1.767,343
1.767,343
7.556.758
9.324,101
28 Operating lease commitments
Lessor
The operating leases represent leases to Ihird parties in investment properties. The leases are negotiated on
average over temis of 10 years and rentals are fixed on average for 5 years. All leases include a provision for
five-yearly upward rent reviews, if not eartier, according to prevailing market conditions. There are options in
place for etther party to extend the lease terms.
At the reporting end date the Trust had contracaed with tenants for the following minimum lease payments..
2024
2023
Within one year
Between Iwo and fve years
82.000
280,167
25,000
362.167
25,000
29 Events after the reporling date
After the year end. the charity purchased the propety Woodped(ers, Ashford Road, Maidstone, ME14 4AG,
with completion occurring on 4 April 2025. The cost of the propety was £550,000 and a further £150,000 has
been budgeted towards renovations prior to being leased.
30 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
31 Analysis of changes in net funds
The Trust had no material debt during the year.
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CHILDS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
32 Cash generated from operations
2024
2023
Deficit for the year
(384,940)
(510,083)
Adjustmpnt8 fnr.
Investment income recognised in statement of financial activitses
{Gain)Aoss on disposal of investment property
(Gain)lloss on disposal of investments
Fair value gains and losses on inveslments
(242,486)
(289,975)
49,731
21.221
(30,543)
(23,481)
(267,696)
Movements in working capital:
Decrease in mixed motNe investments
Decrease in trade and other receivables
Increasel{decrease) in trade and other payables
(Decrease)fincrease in deferred income
5,513
28,226
26.337
(5,000)
5,245
91,324
(43,660)
5,000
Cash absorbed by operations
(863,52n
(701,740)
33 Non-audit services provided by auditor
In common with many businesses of our size and nature we use our auditor to assist with the preparation of
the financial statements.
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