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← Nelson's Journey

2024-12-31-accounts

Registered No. 1170605

NELSON’S JOURNEY

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

NELSON’S JOURNEY

INDEX TO REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 – 7
Report of the Independent Examiners 8
Statement of Financial Activities 9
Balance Sheet 10
Statement of Cash Flows 11
Notes to the Financial Statements 12 - 19

NELSON’S JOURNEY

REFERENCE AND ADMINISTRATIVE DETAILS

Status

Nelson’s Journey (CIO) is governed by its constitution dated 10[th] November 2016 and registered with the Charity Commission on 7 December 2016, registration number 1170605, as a Charitable Incorporated Organisation (CIO) whose primary objects are as stated on page 2.

Trustees

The trustees serving during the year and since the year-end were as follows:

Alistair Ponder (Resigned 19 February 2025) Julia Robathan Mark Dembicki Phil Kerridge (Resigned 11 June 2025) Edward Roy James Ellis (Resigned 6 June 2024) Andrew Dawes Anna Teresa Butcher (Resigned 3 April 2024) Alison Clare Mawson James Bury (Appointed 19 February 2025) Kerry Holmes (Appointed 19 February 2025)

Minute Secretary (Non Trustee Position)

Beverley Goldthorpe

Chairperson

Phil Kerridge (Until 11 June 2025, currently vacant)

Chief Executive

Simon Wright

Principal Office

The Bradbury Building - Smiles House, The Octagon Business Park, Hospital Road, Little Plumstead, Norwich, NR13 5FH

Independent Examiners

Sexty & Co, Chartered Certified Accountants, 124 Thorpe Road, Norwich, NR1 1RS

Bankers

Barclays Bank PLC, 40-42 Market Pl, Great Yarmouth, NR30 1LX CCLA Investment Management Unit, 80 Cheapside, London EC2V 6DZ

-1-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report and the financial statements of the Charitable Incorporation Organisation (CIO) for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the CIO.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

OBJECTIVES AND ACTIVITIES

Principal activity

Nelson’s Journey is a regional non-governmental, non-political, non-religious organisation created as a charitable legal entity. The CIO’s objects are:

The aims of the CIO are to promote positive mental health among bereaved children and young people by:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees

The trustees are named on page 1 and if they served for less than the year this is indicated.

The constitution states that the CIO must have a minimum of three trustees. Every current and future trustee is appointed after a majority vote by a resolution of the trustees passed at a special meeting.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The Chair and Chief Executive are responsible for the induction of any new trustees, which involves awareness of trustee’s responsibilities (including training of legal duties), the history and work of the charity, and safeguarding training. A DBS check is obtained for all Trustees.

The Board appoints Trustees to the following subcommittees: Risk and Governance Committee; Finance and Personnel Committee; Fundraising and Marketing Governance Committee. Membership is reviewed each year

-2-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Organisational structure

The trustees delegate the day-to-day running of the charity to the Chief Executive (Simon Wright).

The staff structure at the end of the reporting period was as follows:

The structure of the staff team was reviewed as vacancies emerged, reducing the headcount within the Business Support team and increasing staff investment in priority areas of the charity’s operations.

Risk Assessment

The trustees have identified the major risks to which the charity is exposed and have ensured appropriate systems and controls are in place to provide reasonable assurance against fraud and error.

Nelson’s Journey maintains a Risk Register, which is checked quarterly by the charity’s Risk and Governance Committee; and reviewed regularly by the Board of Trustees.

ACHIEVEMENTS AND PERFORMANCE

Review of the activities

Nelson’s Journey offered a range of services over this period including:

-3-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Review of the activities (cont.)

New service pilots: Family Bereavement workshops

The charity ran pilots towards the end of 2024 of a new service proposal: a one-day group workshop for families including both bereaved children and their parent/carers. This has been informed by the charity’s experience of supporting parents and carers with the children’s bereavement needs; and the benefits of offering group work in tackling feelings of isolation. The purpose includes improving communication between children / young people and their parent/ carer, empowering families to provide support at home. This has been evaluated through family feedback and reviewing follow-up contacts, and as a result the charity has planned to include this service as part of its core offer throughout 2025.

New ‘School Friends’ Project

Nelson’s Journey launched a new programme for direct engagement with schools in Norfolk, ‘School Friends of Nelson’s Journey’. This aims to raise awareness of childhood bereavement in local classrooms and highlight the bereavement support in Norfolk schools. To become a School Friend of Nelson’s Journey, schools need to meet identified criteria, such as providing a safe space for children, attend bereavement awareness training, and deliver a bereavement activity.

Service delivery

During 2024, 717 bereaved children and young people in Norfolk were referred for support, continuing the higher number of referrals experienced over recent years since the Covid pandemic.

All referrals are assessed and considered by a Support Plan Meeting of professional child bereavement support workers. Factors are discussed including: causes of death, nature of relationships, other life events, family systems, child’s wider community, and other risks before a response is recommended, enabling triage to an appropriate service. Those referrals which do not contain sufficient information are followed up to allow the Support Plan Meeting to progress an assessment of service need.

The charity reviewed and updated its regular online workshop service offer, first introduced in 2023, for parents & carers to access, with the following objectives for participants:

-4-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Review of the activities (cont.)

Following a continued period of both higher numbers and higher typical complexity of referrals received, the charity continues to review our service offering to increase the charity’s ability to respond to a range of needs and to increase the organisation’s ability to support a greater number of children and young people.

The pilots of the Family Bereavement Workshops suggest an important role for the service as part of our 2025 offer to families. Evaluation following one of the pilot workshops reported the following:

Our online Professionals training was delivered throughout the year, allowing teachers, social workers and others working directly with children and young people in Norfolk to develop their practice and confidence in supporting bereaved children and young people in their work.

The charity’s Early Support service provided a valuable source of telephone support to 60 recently bereaved families supporting their children and young people’s needs:

“The early support received from [our Support Worker] was so helpful. He guided me in how to help my daughter deal with her grief on losing a close friend. He offered help and advice and a listening ear. His guidance helped us to support our daughter in the early stages and to continue to do so." – feedback from parent

The charity was able to offer places at Nelson’s Journey Activity Day and Residential Weekends, held at Hilltop Outdoor Centre in Sheringham, to a range of age-groups. This service provides opportunities for bereaved children and young people to meet others with similar experiences and to engage in bereavement support activities, and is supported by Nelson’s Journey staff and volunteers; with Hilltop staff delivering on-site activities which support relationship building.

In addition, the charity held a specialist provision activity day for bereaved children and young people with special educational needs (SEN) in May.

Nelson’s Journey collects qualitative and quantitative feedback from families we support, including through the use of nationally developed Child Bereavement Service Questionnaires. Responses from families help us to identify the impact of our service offer:

The charity’s other events across the year included our ‘Walk of Smiles’ family memorial walk, and ‘A Time To Remember’ at Christmas where we invited families to join us to remember their special person at what can be a very challenging time for bereaved families.

-5-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

The Board of Trustees was again able to support an increase in the charity’s expenditure Budget for 2024 as a result of: reserves held; expectations for income; and the need for the charity to invest in increasing capacity in response to service delivery needs. While expenditure increased compared with the previous year, and with the charity running a Budget deficit during 2024, the charity’s Trustees regularly reviewed financial performance which were well within expectation and considered sustainable.

Increases in expenditure were targeted on service delivery priorities, including service capacity through our child bereavement support team’s activities and expertise; and spend on therapeutic Activity Day and Weekends.

Reserves held at year-end by the charity, and the financial performance of the charity in 2024, have allowed Budget considerations for 2025 to allow for continued ambitious investment in bereavement service delivery and service staffing costs for the year ahead.

Reserves

At the period-end the charity’s total reserves were £939,120. Restricted fund reserves were £43,459 and unrestricted reserves were £895,661. The charity’s net current assets at the period-end were £438,821 which covers approximately 10 months of overheads.

The trustees regularly review the reserves policy with a view to ensuring it represents the Charitable Incorporated Organisations (CIO) requirements and meets with Charity Commission recommendations.

The Charitable Incorporated Organisation (CIO) has a policy to retain reserves which provide liquid working capital and to enable it to progress to completion of its long-term development objectives, to protect its current activities, to allow the trustees to meet their responsibilities and ensure the CIO continues on a going concern basis. With that in mind the reserves policy is to maintain minimum general current assets reserves which will cover at least 6 months of our estimated overheads.

Of the charity’s total reserves £500,299 can only be realised by disposing of tangible fixed assets, including the charity’s operational base.

Our general reserves calculation (measured at 30 months of estimated overheads) includes all fixed assets of the CIO, the vast majority of which cannot be liquidated within 6 months so are excluded by the Trustees when testing this policy.

Principal funding sources

Nelson’s Journey has a broad range of income streams including: individuals, charitable trusts, corporates, community groups, local government, events and trading. The trustees recognise the importance of developing and maintaining a wide variety of sources of income, which will provide a continued stability of income in the future. Maintaining this breadth and variety of income source will remain a key component of our long-term fundraising strategy.

Average monthly income was £44,359 during the reporting period.

As anticipated, the charity saw a continued recovery in income from sources that had been negatively impacted by the pandemic during 2020-2021, including funds raised from community events, individual fundraising challenges, and corporate donations.

-6-

NELSON’S JOURNEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Review of Expenditure

Nelson’s Journey reviews all contracts at renewal and all expenditure to ensure value for money and the performance of charitable duties. The charity obtains quotes from a range of providers before entering into contracts. Average monthly expenditure in this period was £46,392 compared with £45,672 over the previous period.

Trustees responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Public benefit statement

The Trustees confirm that they have complied with the requirements in Section 17 of the Charities Act 2011 to have due regard to public benefit in determining the activities undertaken by the charity. As a charity we wish to emphasise the public benefit which our work provides. Our services are available to children and young people suffering from severe or prolonged shock or depression arising from bereavement and aims to promote positive mental health.

By order of the trustees

Mark Dembicki Trustee, on behalf of the Board of Trustees

Date: 23 September 2025

-7-

NELSON’S JOURNEY

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NELSON’S JOURNEY

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 19.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

I A Barlow FCCA For and on behalf of Sexty & Co Chartered Certified Accountants 124 Thorpe Road Norwich NR1 1RS

Date: 23 September 2025

-8-

NELSON’S JOURNEY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME FROM:
Donations, grants and legacies
2
Other trading activities
3
Investment income
4
Total income
EXPENDITURE ON:
Raising funds
5
Charitable activities
6
Support costs
7
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
374,933
137,460
512,393
492,884
330
-
330
-
19,580
-
19,580
13,576
394,843
137,460
532,303
506,460
70,949
4,352
75,301
90,563
174,887
144,406
319,293
324,872
162,108
-
162,108
132,625
407,944
148,758
556,702
548,060
(13,101)
(11,298)
(24,399)
(41,600)
-
-
-
-
(13,101)
(11,298)
(24,399)
(41,600)
908,762
54,757
963,519
1,005,119
895,661
43,459
939,120
963,519

-9-

NELSON’S JOURNEY

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note 2024 2023
£ £ £ £
FIXED ASSETS
Tangible assets 9 500,299 516,123
CURRENT ASSETS
Stock 16,308 15,905
Cash at bank and in hand 439,479 446,331
455,787 462,236
CURRENT LIABILITIES
Creditors amounts falling due within
one year 10 16,966 14,840
438,821 447,396
NET ASSETS 939,120 963,519
CHARITY FUNDS
Unrestricted funds 11 895,661 908,762
Restricted funds 11 43,459 54,757
Total charity funds 939,120 963,519

The financial statements on pages 9 to 19 were approved and authorised by the trustees on 11 June 2025 and were signed on their behalf by:

Mark Dembicki Trustee

-10-

NELSON’S JOURNEY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Cash flow from operating activities
Net income / (expenditure) for the period
Depreciation of tangible fixed assets
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Net cash flow from investing activities
Net increase / (decrease) in cash and cash equivalents
Cash and cash equivalents at start of period
Cash and cash equivalents at end of period
Cash and cash equivalents consists of:
Cash at bank and in hand
Short term deposits
Cash and cash equivalents at end of period		 2024
£
(24,399)
15,824
(403)
-
2,126
(6,852)
-
-
(6,852)
446,331
439,479
439,479
-
439,479		 2023
£
(41,600)
16,292
2,773
-
892
(21,643)
(1,441)
(1,441)
(23,084)
469,415
446,331
408,764
37,567
446,331

-11-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. Summary of significant accounting policies

1.1 General information and basis of preparation

The Charitable Incorporated Organisation (CIO) constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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

1.3 Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the CIO is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the CIO will have been notified of the amounts and the settlement date. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from trading activities includes income earned from fundraising events to raise funds for the CIO.

Income from grants is recognised at fair value when the CIO has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest income is recognised as the CIO right to receive payment is established. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

-12-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1.4 Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administration costs. They are incurred directly in support of expenditure on the objects of the charity.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment - 15% reducing balance Computer equipment - 33% straight line Fixtures and fittings - 20% and 50% straight line Costume - 10% straight line Freehold property - 2% straight line

1.6 Freehold property

Freehold property value is reviewed annually by the trustees to ensure that the value in the financial statements is a fair reflection of the market value and no additional diminution in value has occurred.

1.7 Value Added Tax (VAT)

The CIO is not registered for VAT and accordingly irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.8 Stock

Stock consists of purchased goods for resale. Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.9

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

1.10 Leases

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

1.11

Pension costs

The CIO operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

1.12 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the CIO to be able to continue as a going concern.

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NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2 Income from donations, grants and legacies

Donations, grants and legacies
BBC Children in Need
Broadland Health & Wellbeing Partnership: Covid
Recovery
Harper Lomax (Quickfire Digital)
R Thirteen
National Lottery Community Fund – RC London
and South East Region
Clan Trust Ltd
Aquaterra
Alan Boswell Charitable Trust
The Geoffrey Watling Charity
R C Snelling
Paul Bassham Charitable Trust
St James Place Charitable Foundation
Tesco Stronger Starts
Toyota Community Fund
Souter Charitable Trust
Total donations, grants and legacies		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
374,933
-
374,933
378,303
-
36,382
36,382
20,790
-
-
-
13,000
-
-
-
640
-
-
-
100
-
63,818
63,818
56,878
-
-
-
3,630
-
-
-
1,500
-
-
-
11,043
-
-
-
4,000
-
-
-
3,000
-
25,000
25,000
-
-
2,500
2,500
-
-
4,366
4,366
-
-
1,800
1,800
-
-
3,594
3,594
-
374,933
137,460
512,393
492,884

3 Income from other trading activities

Smiles & Tears Boxes
Other activities
Total income from other trading activities		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
313
-
313
-
17
-
17
-
330
-
330
-

-14-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4 Investment income

Bank deposit interest
Total cost of generating funds		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
19,580
-
19,580
13,576
19,580
-
19,580
13,576

5 Cost of raising funds

Staffing costs
Fundraising costs
Total cost of generating funds		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
55,041
-
55,041
60,209
15,908
4,352
20,260
30,354
70,949
4,352
75,301
90,563

6 Costs of charitable activities in furtherance of the charity's objects

Staffing costs
Residential facilities
Travel and subsistence
Activity days and Youth Panel
Telephone
Training
Printing, postage and stationery
1:1 work
Insurance
Smile House consumables
Total costs of activities in furtherance of
the charity’s objects		 Unrestricted
funds
Restricted
funds
Total
Total
2024
2024
2024
2023
£
£
£
£
122,819
140,195
263,014
272,725
13,288
-
13,288
9,413
12,769
-
12,769
10,265
4,977
4,211
9,188
12,679
5,579
-
5,579
6,294
3,092
-
3,092
3,954
3,106
-
3,106
3,138
3,988
-
3,988
2,640
2,320
-
2,320
2,087
2,949
-
2,949
1,677
174,887
144,406
319,293
324,872

-15-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7 Support costs

Depreciation
Staffing costs
Cleaning, service charges and electricity
Payroll and financial assistance services
Travel and subsistence
Equipment and consumables
Software development & maintenance
Printing, postage and stationery
Professional fees
Miscellaneous
Training
Accountancy and independent examination
fees
Subscriptions
Telephone
Insurance
Advertising
Bank charges
Total support costs
8
Staff costs and Trustee remuneration
Gross salaries
Employer’s National Insurance (net)
Defined contribution pension costs
Total staff costs		 Unrestricted
funds
Restricted
funds
2024
2024
£
£
15,824
-
94,270
-
20,262
-
9,996
-
672
-
7,697
-
5,218
-
1,329
-
-
-
143
-
163
-
2,500
-
1,782
-
985
-
994
-
-
-
273
-

Total
Total

2024
2023

£
£

15,824
16,292

94,270
69,485

20,262
21,865

9,996
8,453

672
540

7,697
2,992

5,218
4,983

1,329
1,344

-
-

143
304

163
207

2,500
2,300

1,782
727

985
1,111

994
895

-
887

273
240
162,108
-
162,108
132,625
Total
Total
2024
2023
£
£
375,298
367,536
26,342
24,266
10,685
10,617
412,325
402,419

No employee earned more than £60,000 in either period.

No Trustee received any remuneration from the charity during the current or previous financial period, nor were any expenses reimbursed.

The average number of employees during the period was 16 (2023 19).

-16-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8 Staff costs and Trustees remuneration (continued)

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity included £138,441 Wages and salaries (2023 - £124,043), £13,561 Social Security Costs (2023 - £11,700) and £3,982 Pension costs (2023 - £3,685).

9
Tangible fixed assets
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the period
Eliminated on disposal
At 31 December 2024
Net Book Value
At 31 December 2023
At 31 December 2024		 Smiles
Fixtures
House
& Fittings
£
£
625,142
132,972
-
-
-
-		 Office
Equipment
£
10,001
-
-
Computer
Costumes
Equipment
Total
£
£
£
1,340
47,653
817,108
-
-
-
-
-
-
625,142
132,972		 10,001 1,340
47,653
817,108
116,246
129,821
12,503
1,051
-
-		 8,442
235
-		 1,340
45,136
300,985
-
2,035
15,824
-
-
-
128,749
130,872		 8,677 1,340
47,171
316,809
508,896
3,151		 1,559 -
2,517
516,123
496,393
2,100		 1,324 -
482
500,299

10 Creditors

Trade creditors
Other creditors
Social security and other taxes
Total creditors		 2024
2023
£
£
5,555
4,772
3,778
3,741
7,633
6,327
16,966
14,840

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NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11
Analysis of funds
Unrestricted funds
Unrestricted fund
Total unrestricted funds
Restricted funds
Restricted funds
Total restricted funds
Total funds		 At 1
January
Incoming
Resources
Transfer
between
At 31
December
2024
resources
expended
funds
2024
£
£
£
£
£
908,762
394,843
407,944
-
895,661
908,762
394,843
407,944
-
895,661
54,757
137,460
148,758
-
43,459
54,757
137,460
148,758
-
43,459
963,519
532,303
556,702
-
939,120

The purpose of each restricted fund carried forward at the point-end is given below

Donor
Purpose
Norfolk Community NCF
Youth Panel running costs
Norfolk Community NCF
The Shelroy Trust / Youth Panel
Norfolk Community Foundation:
Shelroy Trust
Youth Panel running costs
National Lottery
Child Bereavement Support Worker Salary
BBC Children in Need
Child Bereavement Support Manager Salary
Tesco Stronger Starts
Bereavement Support Boxes
Toyota Community Fund
Therapeutic Weekends
Tesco Stronger Starts
Bereavement Support Boxes
Souter Charitable Trust
Therapeutic Weekends Hilltop		 At 31
December
2,126
5,000
5,000
14,964
9,686
1,067
900
1,122
3,594
43,459

-18-

NELSON’S JOURNEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
Restricted
Designated
Total
funds
funds
funds
funds
£
£
£
£
500,299
-
-
500,299
412,328
43,459
-
455,787
(16,966)
-
-
(16,966)
895,661
43,459
-
939,120

13 Independent examiners remuneration

The independent examiners remuneration amounts to an independent examination fee of £2,500 (2023 £2,300) and other services of £9,996 (2023 £8,453).

14 Obligations under leasing agreements

The following operating lease payments are committed to be paid within one year:

Expiring:
Between one and five years		 2024
2023
£
£
2,253
3,189
2,253
3,189

15 Related party transactions

There were no related party transactions during the period.

16 Pension costs

The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £10,385 (2023 - £10,617).

-19-