Company registration number: CE008728 Charity registration number: 1169064
## Toucan For Children CIO
(A company limited by guarantee)
Annual Report and Financial Statements
for the period from 1 October 2024 to 31 December 2025
## **Toucan For Children CIO**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 10|
|Accountants' Report|12|
|Independent Examiner's Report|13|
|Statement of Financial Activities|14 to 15|
|Balance Sheet|16 to 17|
|Statement of Cash Flows|18|
|Notes to the Financial Statements|19 to 29|
## **Toucan For Children CIO**
## **Reference and Administrative Details**
**Chairman** Miss Marie Watkins **Charity Registration Number** 1169064 **Company Registration Number** CE008728
The charity is incorporated in England. **Registered Office** Unit 6/6E The Mews Mitcheldean Gloucester GL17 0SL
Page 1
## **Toucan For Children CIO**
## **Trustees' Report**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs S Coombs Miss Marie Watkins Mrs J Watkins Mrs A Beard Kate Swordy Claire Murphy (resigned 24 October 2025) Paul Halling (appointed 17 March 2025) Angela Beard (appointed 17 March 2025)
Chairman: Miss Marie Watkins
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Toucan For Children CIO for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 2
## **Toucan For Children CIO**
## **Trustees' Report**
## **Disclosure of information to auditor**
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
## **1 Folder including note number and heading**
## **TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) for the year to: 31st December 2025**
## **Charity registration number: 1169064 Company registration number: CE008728**
## **OBJECTIVES AND ACTIVITIES:**
## **The objects of the CIO are:**
- a) The advancement of health including mental health, particularly in relation to children The advancement of education of the public in relation to children’s health with particular
- b) regard to behaviour, developmental and emotional issues
Toucan for Children is a charity which provides a play therapy service for children aged between 4 yrs and 13 yrs who live in rural and urban areas of Gloucestershire and surrounding areas. We work with children and young people who have suffered a wide range of trauma which has impacted on their mental health e.g. parental separation, bereavement, bullying, the impact of the pandemic, through to more entrenched developmental trauma associated with a history of abuse and neglect.
Trauma refers to the way that some events, and experiences, are so extreme that they overwhelm a child’s ability to cope. The impact can have lasting consequences for the child or young person’s development, including psychological, behavioural and emotional.
We have a commitment to developing awareness of early intervention to mitigate the risk of children reaching mental health crisis. By working with children’s emotional problems at an early age, we aim to prevent mental health crises in adolescence and, crucially, to improve family and wider community relationships.
There is a paucity of funding available for children’s therapy and what little funding is available does not reach the forgotten group of children who are displaying early signs of emotional disturbance. We believe that no child should be refused the help they need because of financial constraints, to this end we are committed to raising funds to grow a therapy fund so that we can offer subsidised/free therapy.
We are proud to have maintained a reputation of being an effective, professional and responsive service for children suffering emotional disturbance, CAMHS, GP’s and paediatricians regularly suggest referral to us. We also receive referrals from parents who are concerned about their child’s emotional wellbeing.
When a child is allocated to a therapist the consistency, security and trust within the therapeutic relationship is essential. Each session is 45 minutes, the child will see the
Page 3
## **Toucan For Children CIO**
## **Trustees' Report**
same therapist in the same room at the same time each week. Progress is reviewed at regular intervals with parents/carers, child and school where appropriate. We aim to continue therapy commensurate with the individual child’s needs to ensure optimum conditions for sustainable change. We have found that the average number of sessions a child requires is 18, however many require significantly more than this. This is where our therapy fund is also needed as all too often what funding can be accessed is not commensurate with the child’s needs.
To embed positive change for the long term in families we also provide Emotional Logic. This is a short-term piece of work that gives families the tools to improve communication and understanding of feelings and deal with any new issues effectively, improving family resilience.
Our main centre is in Mitcheldean, we also have an outreach service in the centre of Gloucester City. We have a team of qualified and student therapists as well as access to a pool of self-employed therapists, enabling our provision to flex in relation to available funding and demand.
We have a strong record of supporting the training of play therapist through our clinical placements and are currently proud that many of the play therapists currently working in Gloucestershire are “Toucan Babies” having undertaken their clinical hours with us.
## **We achieve our purpose through:**
- Individual therapeutic work through play and creative arts with children suffering emotional and behavioural difficulties
- Supporting and working with families of children who are suffering emotional and behavioural difficulties
- Clinical supervision of students and qualified Play Therapists in line with their code of ethics and governance
- Working with parents/carers together with their child to help improve their emotional literacy, communication and relationship
## **Toucan for Children improves children’s mental health and wellbeing thus giving them the opportunity to:**
- Reach their full potential, both academically and socially
- Improve peer and family relationships
- Improve behaviour
- Resolve their problems in their own way and at their own pace, thus enabling them to move into adulthood in a more positive and balanced way
- The organisation aims to provide optimum conditions for positive change to improve family relationships and break the cycle of negative family patterns.
- We offer advice and support to parents taking a holistic view in promoting the optimum conditions for change.
- We are committed to promoting an understanding of children’s emotional needs and the
- • impact on their future development, both within the family context and the wider context of a child’s world – e.g. school, statutory services
## **Beneficiaries of the service include:**
- Children and their families through an improvement to children’s mental health and subsequent family relationships
- Wider community through reduced antisocial behaviour
Page 4
## **Toucan For Children CIO**
## **Trustees' Report**
- Schools through less disruption in the class which affects peer learning
- Mental Health Service – as our work is preventative, thereby having the potential to reduce the demand on statutory mental health services
_All our trustees have had regard to the guidance issued by the Charity Commission on public benefit_ .
## **ACHIEVEMENTS AND PERFORMANCE**
This year we changed our year end from September 30th to December 31st to fit more efficiently into our accounting system. Consequently, this report and our accounts will cover a 14-month period.
We remain committed to doing all we can to provide early intervention and prevention and to ensure that no child is denied the therapeutic help they need because of financial constraints. The crisis in children’s mental health is well documented, reports consistently give evidence to the continuing rise in the number of children experiencing emotional difficulties. Despite the crisis in children’s mental health being well documented the funding for therapy remains limited and difficult to access, alongside which, given the current economic climate an increasing number of families have been negatively affected. Therefore, the demand on our Therapy Fund continues to increase.
This year we celebrated our 15-year anniversary. When we first opened the doors of Toucan in 2010, we had one therapy room, a mobile office and seeing 5 children a week for therapy. We have grown over the years and now have 4 therapy rooms in Mitcheldean and two in Gloucester, consistently seeing on average 80 children a week for therapy.
To mark our 15-year anniversary we refreshed and updated our logo, website and marketing materials alongside which donations enabled us to engage a Marketing Executive to improve our social media presence, promoting our service to improve our reach and understanding of play therapy.
With the help of increased community engagement we have had a successful fundraising year. We held a Family Fun Day, sponsored by local businesses and the local Rugby Club. A local pub organised a fundraising event including music from local musicians and an auction
with the auction lots being donated from local businesses. We had a team of runners in the London half marathon and the local Forest half marathon. We were also chosen as Charity of the Year for a local troupe of Mummers (amateur actors performing traditional folk plays).
Fundraising events and grants this year have enabled us to extend our reach to children in need and now financially support on average 50% of clients. We continue to offer clinical placements to students enabling us to be able to offer lower price therapy for referrals which are suitable for students, enhancing our capacity to offer more affordable therapy. All students are regularly supervised and clinically monitored to ensure we maintain our high standard of clinical work.
With the help of a specific grant, we have been able to complete the refurbishment of all our playrooms which are now refreshed and updated. The grant also allowed us to furnish the fourth therapy room in Mitcheldean, which is suitable for older clients and has increased our capacity.
As mentioned in last year’s report we planned to arrange a review of our initial commissioned Strength Report. We were reassured that the review report concluded that we had succeeded in improving in all areas identified as in need of development.
Page 5
## **Toucan For Children CIO**
## **Trustees' Report**
Our Mitcheldean service is based in the rural area of the Forest of Dean. Consequently, one of the issues we have constantly experienced is the difficulty in accessing of our service due to financial difficulties and/or poor transport links. Our aim for next year is to provide a mobile therapy unit to extend our reach to those children who are unable to access our Mitcheldean service. We are hopeful that we will be successful in obtaining a grant for this.
Our board of Trustees has changed this year. Clare Murphy resigned and we welcomed two new trustees, Angela Beard and Paul Halling.
## _**Have we achieved/met the aims and objectives set by the charity for the reporting period.**_
Our overall aims and objectives fundamentally remain the same each year, to develop our service to best meet the emotional needs of children and young people to prevent longer term mental health problems. To support this aim we do all we can to ensure that no child is denied the help they need because of financial constraints.
This year with, community support, we have not only raised our profile but also raised a significant amount for our therapy fund through fundraising events. This increased our capacity to subsidise therapy making it more affordable, promoting early intervention and prevention of mental health crisis in children and young people.
Through improved marketing we have been successful in raising awareness of our service and increasing referrals.
To evaluate the efficacy of the therapy we deliver the level of change for each client is calculated from quantitative data (Goodmans SDQ completed at the beginning and end of therapy) together with feedback from parents, teachers and therapists. We have once again produced outcomes in line with the comprehensive research carried out by PTUK (Ply Therapy UK) – 74% positive change, 21% slight change, 5% no change.
## **FINANCIAL REVIEW**
## **Review of the charity’s financial position at the end of the period**
It is our policy to maintain sufficient reserves to ensure the continuation of our therapeutic work with children and ensure that children who have limited access to funds are not excluded.
_As at the year end, the amount of unrestricted funds was 45.1% (53% - 2024) of total funds and 34.9% (43.2% - 2024) of liquid resources. The restricted funds are 54.9% (46.7% - 2024) of total funds and are to be spent on therapeutic work with children with limited funds._
## _**Statement explaining the policy for holding reserves stating why they are held**_
_It is the policy of the trustees to have unrestricted reserves on hand of not less than two months working expenditure. The average expenditure was £18.25K (£219/12) (£16.5k per month £198k/12 - 2024), and unrestricted funds were £51k at the year end. This means that unrestricted funds were the equivalent of three months’ expenditure, exceeding the trustees’ policy._
## **FUNDING**
Our main source of funding comes from payment for our therapeutic service, i.e. through the statutory sector (e.g. pupil premium, Social Services) and from privately funded referrals. However, such funding is becoming more difficult to access, and more families are finding themselves unable to privately fund therapy. We are becoming increasingly reliant on grant funding to maintain our service and the level of staff we require to ensure we remain efficient and professional.
Page 6
## **Toucan For Children CIO**
## **Trustees' Report**
The principal risk to our service would be a reduction in referrals. Research and statistics clearly show the escalating need for therapeutic work for children, highlighting the growing problems and increasing incidents of children with mental health problems. The reduction in referrals would be caused by children’s statutory funding being reduced and parents/carers not being able to fund therapy.
Next year, once again, to mitigate any risk to our service and to meet the growing need for subsidised therapy ,we will commit to fundraising and seeking charitable grants to support our core costs
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Governing document used is the Model Constitution for a CIO – Foundation model
How is the charity constituted – CIO
All our trustees are expected to acquaint themselves with the responsibilities and duties of trustees as set out in the Charity Commissions ‘The Essential Trustee’ as well as our constitution. Also included in the induction for trustees is training on our policies and procedures (Safeguarding, Data Protection, Health and Safety, Equality and Diversity, Volunteer and Complaints).
Trustees are also offered guidance on the need for therapeutic work with children to have an understanding of the importance of our work and the fundamental values of Toucan for Children.
Subject to conditions set out in the constitution being met, two of the trustees, Mrs Watkins and Mrs Beard receive £500 per month in return for the supply of clinical supervision they will be providing over and above their normal trustee duties. The services which Mrs Watkins and Mrs Beard will be providing in return for this payment are necessary for the organisation to achieve its purpose.
## **NAMES OF THE CHARITY TRUSTEES WHO MANAGE THE CHARITY**
1. Janice Watkins
2. Angela Mary Beard
3. Marie Watkins
4. Susan Coombs
5. Kate Swordy
6. Angela Beard
7. Paul Halling
## **REFERENCE AND ADMINISTRATIVE DETAILS**
|Charity name|Toucan for Children CIO|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|1169064|
|Charity’s principal address|Unit 6/6E The Mews
Vantage Point Business Village
Mitcheldean
Glos
GL17 0SL|
Page 7
## **Toucan For Children CIO**
## **Trustees' Report**
## **CORPORATE TRUSTEES – NAMES OF THE DIRECTORS AT THE DATE THE REPORT WAS APPROVED**
N/A
## **NAME OF TRUSTEES HOLDING TITLE TO PROPERTY BELONGING TO THE CHARITY**
N/A
## **FUNDS HELD AS CUSTODIAN TRUSTEES ON BEHALF OF OTHERS**
N/A
## **NAMES AND ADDRESSES OF ADVISERS**
**Type of adviser Name Financial** Forest Phoenix Accountancy
## **Address**
23-25 Foxes Bridge Rd, Cinderford, GL14 2PQ
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
**N/A**
Page 8
## **Toucan For Children CIO**
## **Trustees' Report**
## **Other optional information**
Page 9
## **Toucan For Children CIO**
## **Trustees' Report**
## **DECLARATIONS**
**The company has taken advantage of the small companies’ exemption in preparing the report above.**
**The trustees declare that they have approved the trustees’ report (including directors’ report) above.**
## **Signed on behalf of the charity’s trustees/directors:**
**Signature(s)** Janice Watkins Angela Beard
**Full name(s)** Janice Watkins Angela Mary Beard
## **Position (for example**
**Secretary, Chair, etc** ) Trustee Trustee
**Date** 10th June 2026
Page 10
## **Toucan For Children CIO**
The annual report was approved by the trustees of the charity on 24 July 2026 and signed on its behalf by:
......................................... Miss Marie Watkins Chairman and trustee
......................................... Mrs J Watkins Trustee
......................................... Mrs A Beard Trustee
Page 11
## **Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of Toucan For Children CIO for the Period Ended 31 December 2025**
In accordance with instructions given to us, under our letter of engagement, we have prepared, without audit, the financial statements of Toucan For Children CIO for the period ended 31 December 2025 as set out on pages 14 to 29. The financial statements of the company comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the related notes to the financial statements.
The financial statements have been prepared from the company's accounting records and from information and explanations presented to us. The financial reporting framework which has been applied in their preparation is described in the accounting policies note.
As a practising member firm of of Insitute of Financial Accountants we are subject to its ethical requirements, including principles of integrity, objectivity, professional competence, and due care.
This report is made solely to the board of directors of Toucan For Children CIO, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to compile for your approval the financial statements of Toucan For Children CIO and state those matters that we have agreed to state to the board of directors of Toucan For Children CIO, as a body, in this report, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toucan For Children CIO and its board of directors as a body for our work or for this report.
We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist the trustees in the preparation and presentation of these financial statements on the basis of accounting policies described in note 2 to the financial statements. These financial statements and the accuracy and completeness of the information used to compile them is the responsibility of the trustees as set out in the Statement of trustees' responsibilities on page 2. It is your duty to ensure that Toucan For Children CIO has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of Toucan For Children CIO, and to decide on an annual basis, whether the charitable company is entitled to avail of the audit exemption in accordance with section 477 of the Companies Act 2006. You consider that Toucan For Children CIO is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Toucan For Children CIO. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Forest Phoenix Accountancy Ltd 23-25 Foxes Bridge Road Forest Vale Industrial Estate Cinderford Gloucestershire GL14 2PQ 24 July 2026
Page 12
## **Toucan For Children CIO**
## **Independent Examiner's Report to the trustees of Toucan For Children CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Toucan For Children CIO as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Patrick Field Institute of Financial Accountants
24 July 2026
Page 13
## **Toucan For Children CIO**
## **Statement of Financial Activities for the Period from 1 October 2024 to 31 December 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Charitable activities
3
Theraputic Services
Services provided
Other income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15
**Note**
**Income and Endowments from:**
Charitable activities
3
Other trading activities
Other income
4
Total Income
**Expenditure on:**
Raising funds
5
Charitable activities
Total Expenditure
Net expenditure
Net movement in funds|**Unrestricted**
**£**
-
112,637
9,790
4,765
127,192
(79,565)
-
(79,565)
47,627
47,627
59,957
107,584
**Unrestricted**
**funds**
**General**
**£**
-
162,876
15,424
178,300
(84,285)
(133,192)
(217,477)
(39,177)
(39,177)|**Restricted**
**£**
135,827
-
-
-
135,827
(36,709)
(82,072)
(118,781)
17,046
17,046
77,588
94,634
**Restricted**
**funds**
**£**
90,924
-
-
90,924
(36,361)
(67,888)
(104,249)
(13,325)
(13,325)|**Total**
**30**
**September**
**2024**
**£**
135,827
112,637
9,790
4,765
263,019
(116,274)
(82,072)
(198,346)
64,673
64,673
137,545
202,218
**Total**
**2025**
**£**
90,924
162,876
15,424|
|---|---|---|---|
||||269,224|
||||(120,646)
(201,080)|
||||(321,726)|
||||(52,502)|
||||(52,502)|
The notes on pages 19 to 29 form an integral part of these financial statements. Page 14
## **Toucan For Children CIO**
## **Statement of Financial Activities for the Period from 1 October 2024 to 31 December 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**General**
**£**
107,584
68,407|**Restricted**
**funds**
**£**
94,634
81,309|**Total**
**2025**
**£**
202,218|
|---|---|---|---|
||||149,716|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
The notes on pages 19 to 29 form an integral part of these financial statements. Page 15
## **Toucan For Children CIO**
## **(Registration number: CE008728) Balance Sheet as at 31 December 2025**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2025**
**£**
2,055
6,557
145,858
152,415
(4,754)
147,661
149,716
81,309
68,407
149,716|**2024**
**£**
-
15,221
190,981|
|---|---|---|
|||206,202
(3,984)|
|||202,218|
|||202,218|
|||94,634
107,584|
|||202,218|
For the financial period ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the period in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 19 to 29 form an integral part of these financial statements. Page 16
## **Toucan For Children CIO**
## **(Registration number: CE008728) Balance Sheet as at 31 December 2025**
The financial statements on pages 14 to 29 were approved by the trustees, and authorised for issue on 24 July 2026 and signed on their behalf by:
......................................... Miss Marie Watkins Chairman and trustee
......................................... Mrs J Watkins Trustee
......................................... Mrs A Beard Trustee
The notes on pages 19 to 29 form an integral part of these financial statements. Page 17
## **Toucan For Children CIO**
## **Statement of Cash Flows for the Period from 1 October 2024 to 31 December 2025**
|**Note**
**Cash flows from operating activities**
Net cash (expenditure)/income
**Adjustments to cash flows from non-cash items**
Depreciation
5
**Working capital adjustments**
Decrease/(increase) in debtors
11
Increase/(decrease) in creditors
13
Net cash flows from operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
10
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 October
Cash and cash equivalents at 31 December|**2025**
**£**
(52,502)
685
(51,817)
8,664
770
(42,383)
(2,740)
(45,123)
190,981
145,858|**2024**
**£**
64,673
-|
|---|---|---|
|||64,673
(520)
(1,787)|
|||62,366
-|
|||62,366
128,615|
|||190,981|
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 19 to 29 form an integral part of these financial statements. Page 18
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Unit 6/6E The Mews Mitcheldean Gloucester GL17 0SL
These financial statements were authorised for issue by the trustees on 24 July 2026.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Toucan For Children CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Income and endowments**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 19
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £150 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Computer Equipment
**Depreciation method and rate** 25% striaght line
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 20
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 21
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
## **3 Income from charitable activities**
|Play Therapy
Restricted income
Services Provided|**Unrestricted**
**funds**
**General**
**£**
154,445
-
8,431
162,876|**Restricted**
**funds**
**£**
-
90,924
-
90,924|**Total**
**2025**
**£**
154,445
90,924
8,431
253,800|**Total**
**2024**
**£**
112,637
135,827
9,790|
|---|---|---|---|---|
|||||258,254|
## **4 Other income**
Page 22
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
|Miscellaneous income
**Total for period ended 31 December 2025**
**Total for period ended 30 September 2024**|**Unrestricted**
**funds**
**General**
**£**
15,424
15,424
4,765|**Total**
**funds**
**£**
15,424|
|---|---|---|
|||15,424|
|||4,765|
## **5 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|Other direct costs of generating voluntary income
**Total for period ended 31 December 2025**
**Total for period ended 30 September 2024**
**b) Costs of trading activities**
**Note**
Other direct costs of activities for
generating funds
Allocated support costs
6
**Total for period ended 31 December**
**2025**
**Total for period ended 30 September**
**2024**|**Note**
**Unrestricted**
**funds**
**General**
**£**
15,833
52,750
68,583
78,816|**Unrestricted**
**funds**
**General**
**£**
1,592
1,592
749
**Restricted**
**funds**
**£**
610
33,738
34,348
34,397|**Total**
**funds**
**£**
1,592|
|---|---|---|---|
||||1,592|
||||749|
||||**Total**
**funds**
**£**
16,443
86,488|
||||102,931|
||||113,213|
Page 23
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
|Costs of generating donations and legacies
Costs of trading activities
**Total for period ended 31 December 2025**
**Total for period ended 30 September 2024**|**Direct costs**
**£**
-
54,209
54,209
65,550|**Allocated**
**support**
**costs**
**£**
1,592
30,286
31,878
48,412|**Total**
**costs**
**£**
1,592
84,495|
|---|---|---|---|
||||86,087|
||||113,962|
Page 24
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **6 Analysis of support costs**
## **Raising funds expenditure Costs of trading activities**
|Supervision of TFC Team
Leaving presents
Rent
Light, heat and power
Insurance
Repairs and renewals
Telephone and fax
Computer software and
maintenance
Printing, postage and stationery
Cleaning
Advertising
Accountancy fees
Legal and professional fees
Bad debts written off
Bank charges
Depreciation of office
equipment
**Total for period ended 31**
**December 2025**
**Total for period ended 30**
**September 2024**|**Unrestricted**
**funds**
**General**
**£**
973
80
12,801
5,198
2,098
1,811
438
1,365
1,524
775
14,552
2,428
1,673
2,050
648
685
49,099
14,534|**Restricted**
**funds**
**£**
-
-
32,331
1,407
-
3,654
-
-
-
-
-
-
-
-
-
-
37,392
34,397|**Total**
**2025**
**£**
973
80
45,132
6,605
2,098
5,465
438
1,365
1,524
775
14,552
2,428
1,673
2,050
648
685|
|---|---|---|---|
||||86,491|
||||48,931|
## **7 Trustees remuneration and expenses**
During the period the charity made the following transactions with trustees:
## **Mrs J Watkins**
Mrs J Watkins received remuneration of £6,000 (2024: £6,000) during the period.
## **Mrs A Beard**
Mrs A Beard received remuneration of £6,000 (2024: £6,000) during the period.
Page 25
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **8 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the period were:**
Wages and salaries
Pension costs
Other staff costs|**2025**
**£**
94,918
979
1,544
97,441|**2024**
**£**
82,072
984
1,328|
|||84,384|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the period expressed as full time equivalents was as follows:
|Trustee
Admin
Unknown|**2025**
**No**
2
2
2
6|**2024**
**No**
2
2
2|
|---|---|---|
|||6|
2 (2024 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the period.
Page 26
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Tangible fixed assets**
|**10 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
Additions
At 31 December 2025
**Depreciation**
Charge for the year
At 31 December 2025
**Net book value**
At 31 December 2025
**11 Debtors**
Trade debtors
**12 Cash and cash equivalents**
Cash on hand
Cash at bank
**13 Creditors: amounts falling due within one year**
Trade creditors
Pension contributions unpaid
Credit card account||**Computer**
**equipment**
**£**
2,740||**Total**
**£**
2,740
2,740
685
685
2,055
**2024**
**£**
15,221|
|||2,740|||
|||685|||
|||685|||
|||2,055|||
|||||**2024**
**£**
26
190,955|
|||||190,981|
|||||**30**
**September**
**2024**
**£**
3,780
204
-|
|||||3,984|
Page 27
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
## **14 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £979 (2024 - £983).
## **15 Funds**
|**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**October 2024**
**£**
107,584
94,634
202,218
**Balance at 1**
**October 2023**
**£**
59,957
77,588
137,545|**Incoming**
**resources**
**£**
178,300
90,924
269,224
**Incoming**
**resources**
**£**
127,192
135,827
263,019|**Resources**
**expended**
**£**
(217,477)
(104,249)
(321,726)
**Resources**
**expended**
**£**
(79,565)
(118,781)
(198,346)|**Balance at 31**
**December**
**2025**
**£**
68,407
81,309|
|---|---|---|---|---|
|||||149,716|
|||||**Balance at 30**
**September**
**2024**
**£**
107,584
94,634|
|||||202,218|
## **16 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
2,055
6,592
(4,107)
4,540|**Restricted**
**funds**
**£**
-
94,827
(647)
94,180|**Total funds**
**at 31**
**December**
**2025**
**£**
2,055
101,419
(4,754)|
|---|---|---|---|
||||98,720|
Page 28
## **Toucan For Children CIO**
## **Notes to the Financial Statements for the Period from 1 October 2024 to 31 December 2025**
|Current assets
Current liabilities
Total net assets
**17 Analysis of net funds**
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**Unrestricted**
**funds**
**General**
**£**
15,247
(3,984)
11,263|**Restricted**
**funds**
**£**
108,379
-
108,379
**At 1 October**
**2024**
**£**
190,981
190,981
**At 1 October**
**2023**
**£**
128,615
128,615|**Total funds**
**at 30**
**September**
**2024**
**£**
206,202
(3,984)|
|---|---|---|---|
||||202,218|
||||**At 31**
**December**
**2025**
**£**
190,981
190,981
**At 30**
**September**
**2024**
**£**
128,615
128,615|
Page 29
## **Toucan For Children CIO**
## **Statement of Financial Activities by fund for the Period from 1 October 2024 to 31 December 2025**
## **Restricted**
|**Restricted**|||
|---|---|---|
|**Income and Endowments from:**
Charitable activities
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**31 December**
**2025**
**£**
90,924
90,924
(36,361)
(67,888)
(104,249)
(13,325)
(13,325)
94,634
81,309|**Restricted**
**30**
**September**
**2024**
**£**
135,827|
|||135,827|
|||(36,709)
(82,072)|
|||(118,781)|
|||17,046|
|||17,046
77,588|
|||94,634|
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## **Toucan For Children CIO**
## **Detailed Statement of Financial Activities for the Period from 1 October 2024 to 31 December 2025**
|**Income and Endowments from:**
Charitable activities (analysed below)
Other trading activities (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2025**
**£**
90,924
162,876
15,424
269,224
(120,646)
(201,080)
(321,726)
(52,502)
(52,502)
202,218
149,716|**Total**
**2024**
**£**
135,827
122,427
4,765|
|---|---|---|
|||263,019|
|||(116,274)
(82,072)|
|||(198,346)|
|||64,673|
|||64,673
137,545|
|||202,218|
This page does not form part of the statutory financial statements. Page 31
## **Toucan For Children CIO**
## **Detailed Statement of Financial Activities for the Period from 1 October 2024 to 31 December 2025**
|**_Charitable activities_**
(R) Ringfenced/Restricted Funds; Spent
**_Other trading activities_**
Theraputic Services
Services provided
**_Other income_**
Other income
**_Raising funds_**
Fundraising costs
Craft Supplies
Craft Supplies
(R) Staff pensions (Defined contribution)
Subcontract cost
SE Travel Costs
(R) Staff training
Staff training
Trade subscriptions
SE Travel Cost; Onsite
Trustees remuneration
Supervision of TFC Team
Leaving Presents
(R) Rent
Rent
(R) Light, heat and power
Light, heat and power
Insurance
Repairs and renewals
Repairs and renewals
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Cleaning
Advertising
Accountancy fees|**Total**
**2025**
**£**
90,924
90,924
154,445
8,431
162,876
15,424
15,424
(1,592)
(610)
(4,593)
(979)
-
(11,240)
(1,034)
(510)
-
-
(13,600)
(973)
(80)
(32,330)
(12,801)
(1,408)
(5,197)
(2,098)
(3,654)
(1,811)
(437)
(1,365)
(1,524)
(775)
(14,551)
(2,428)|**Total**
**2024**
**£**
135,827|
|---|---|---|
|||135,827|
|||112,637
9,790|
|||122,427|
|||4,765|
|||4,765|
|||(749)
-
(2,794)
(984)
(53,988)
(6,057)
(1,328)
-
(1,443)
(115)
-
(1,032)
(13)
(28,499)
-
(4,347)
-
(1,275)
-
(1,879)
(381)
(3,775)
(899)
(384)
(921)
(2,021)|
This page does not form part of the statutory financial statements. Page 32
## **Toucan For Children CIO**
## **Detailed Statement of Financial Activities for the Period from 1 October 2024 to 31 December 2025**
|Legal and professional fees
(R) Family Support
Bad debts written off
Bank charges
Depreciation of office equipment
**_Charitable activities_**
(R) Wages and salaries
Wages and salaries
Contracted Play Therapy; Outreach
Trade subscriptions
Travel and subsistence
(R) Trustees remuneration|**Total**
**2025**
**£**
(1,673)
-
(2,050)
(648)
(685)
(120,646)
(66,488)
(13,430)
(118,547)
(1,203)
(12)
(1,400)
(201,080)|**Total**
**2024**
**£**
(325)
(1,551)
(1,327)
(187)
-|
|---|---|---|
|||(116,274)|
|||(70,072)
-
-
-
-
(12,000)|
|||(82,072)|
This page does not form part of the statutory financial statements. Page 33