Docusign Envelopo 10.. F7100C544D6647EME95£F27906COF69 Reglstered number.. 10152838 Charlty number: 1172481 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 •AE7LZYUP* 2PJ0712025 COMPANIES HOUSE
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DU$r? Envew 10.. F7100C544D6647EE9F27906CoF69 SAFE PLACES FOR CHILDREN UK (A company limited by guaranlo•) CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees, Report Independent Auditors. Report on the Finan¢lal Statements Statement of Financlal Activities 7-10 Balance Sheet 12-13 Statement of Cash Flow• 14 Not0$ to the Flnancial Statements 15-27
Docusign Envelope ID.. F7100C544D6647E6-8E9S-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Keith Mason Adrian De Villiers Company regislered number 10152838 Charity registered number 1172481 Reglster•d offlce First Floor, Triad House Mountbatten Court Worrall Street Congleton Cheshire CW12 1DT Independent audilors PKF Smith Cooper Audit Limited Statutory Auditors 2 Lace Market Square Nottingham NG1 1PB Bankers Royal Bank of Scotland Western Avenue Chatham ME4 4RT Solicitors Veale Wasbrough Vizards LLP Narrow Quay House Narrow Quay Bristol BS14QA Page 1
Docuslgn Enveb)pe ID.. F7100C544D6647E6-8E954F27906COF69 SAFE PLACES FOR CHILDREN UK {A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, are pleased to present their annual truslees, report together with the financial statements for the year to 31 December 2024 which are also prepared to meet the r8quirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 {FRS 102). Objectives and activities a. Objectlv•s and actlvltles The charitvs objectives are.. The rellef of: children, young adults and disabled people in need,. and the families of children, young adults and disabled people in need in particular but not exclusively by providing residential, therapeutic and rehabilitation services and family support seryices- b) The relief of those in need by reason of financial hardship, ill health, disability, youth. age or other disadvantage. The promotion of the efficiency and effectiveness of other charities whose charitable objects are within, the same as, or similar lo the objects of Safe Places for Children UK, in particular but not exclusively by setting standards which serve to improve the quality of care delivered by those other charities- and The advancement of such other objects or purposes in any part of the world which are exclusively charitable according to the law of England and Wales and are in the opinion of the trustees connected with children, young adults or disabled people in need in such manner as the trustees may in Iheir absolute discretion think fit. The purposes of the charity are: To provide therapeutic residenlial care of high needs Children, young adults and disabled POOPle, providing rehabilitation services in addition to the immediate needs of the young people. In addition, we seek to use the experiences and knowledge gained working wilh traumatised young people in other locations to bring about improvements In the efficiency and effecliveness of other organisations working in this sector. Working with the local authorities and departments, we aim to raise the standards and the quality of care delivered to all high needs young people by the various agencies and charities. The objectives for this year are.. To continue lo develop a team of educated, excellent, enthusiastic staff to guide young people along a personal growth journey. To select and appropriately fit out houses within the community to provide accommodation for the young people in a way that facilitates their care, safety and rehabilitation. To institute training, review and verification programs to ensure the highesl possible standard of care is provided. Page 2
Docu$n Envelope ID." F7100C544D6647E6-8E9&CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECÉMBER 2024 Objectives and activities (continued) b. Funding We have established working relationships with various Trustees of the Health and Social Care trusts in a range of jurisdiclions in Northem Ireland and En9land. We have broad agreement on the priGing structure and cost recovery models for caring for young people. We have increased tha pricing structure per young person for the financlal year 2024 to recover increased employment costs. Safe Places are currently supporting multiple young people across houses in England and Northern Ireland. As the complex needs of a child or young person reduGes due to the intense therapeutic work we deliver, we work alongside the Trusts and Local aulhorities to secure less-inlensive models of care and provide outreach support during the young persons transition out of Safe Places, whilst simultaneously providing outreach support to new young people transitioning into our service, this increases venue during this period. Across England and Northern Ireland, we have in excess of 25 referrals to our service per day. which reduces the ongoing conc8rn of businesslrev6nue continuity. The English Councils along with the Northem Ireland Trusts are under a huge amount of pressure to nol only place children and young people bul also to bring young people back to their communlties as some young people are placed down south in Ireland or other countries. Safe Places have been able to assist with this and now have several successful transitions back to family and community living. Safe Places have an exemplary repulatlon in providing therapeutic residential care and both the Councils and the Trusts continue to provide exceptional feedback regarding the quality of care provlded by Safe Places. We have determined that we can provide the appropriate services al the best cost to ensure the ongoing viability of Sale Places for Children UK. c. Fundraising The Trustees take their responslbllltles under the Charilies <Proleclion and Soclal Investment) Act 2016 seriously and have considered the implications on their activities. The charity does not actively raise funds or solicit flonations directly from the general public at present. The charity does not work directly with commercial sponsors in relation to fundraising. The Trustees are not aware of any complaints made in respect of fundraising during th8 period. d. Public Benefit In planning the activities for the year to meet the charitable objecls, the trustees have complied with their duties in Section 17 of the Charities Act 2011 and have considered the Charily Commi55ion's general guidance on public benefit. Page 3
Docvsign Envelopg 10: F7100C544D6647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financlal review Flnancial review The charity received charitable income of £2,204.361 {2023 - £1,798,144). There was an increase in income compared to 2023 as th8 charily opened an additional house in Nothern Ireland and one in England. Expenditure of £2,181,070 (2023 £2,017,521) was incurred in relation to the charitys operations. The operations included therapeuts'c residential services and ancillary activits'es. Reserves policy The charity held a surplus on unrestricted funds of £266,801 as at 31 December 2024 {2023 - surplus of £243,510). The charity recognises the need lo maintain positive unrestricted funds. The charity expects to receive continued support from ils parent charity, Safe Places for Children Secretariat. b. Golng concern We were supported during start-up by the parent organisation. Safe Places for Children Secretariat. and by the Australian not-for-profit Safe Places Australia Limited. These organisations conlinue lo provide backup funding, management expertise, emergency staffing requirements and administrative support. With these arrangements in place, we are able to continue establishing our presence in the industry and bring better outcomes for young people. The charity recognises the need to maintain positive unrestricted funds and is taking steps to achieve this in due course. The charity expects to receive continued support from its parent charity Safe Places for Children Secretariat. The Trustees have reviewed cash flow forecasts for 2025 and 2026 in order to consider going concern and are confident that the charily will have the resources available to it that it will need for at least the 12 months following the approval of these financial statements. Thus, the Truslees continue to adopt the going concern basis of accounting in preparing th8 financial stat8ments. c. Rlsk management The trustees have a rlsk management strategy which comprises.. monthly review and check to ensure standards are maintained, policies upheld and procedures followed in both practical application and documentalion. ongoing work by a dedicated Quality and Systems team; ongoing work by team reviewing documenialion. licencing and other requirements for working in this highly regulated industry; an annual review of the principal risks and uncertainties that the Charity faces, including financial risks. the 8stablishment of policies. systems and procedures to mitigate those risks identified in the annual review: and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has identified that barriers to entry is the major financial risk for the charity. The approach of Safe Places for Children UK is different from those used by other organisations in residential care, and requires changes in thinking in the funding and placement agencies. Page 4
Docusign Enveknpè ID.. F7100C544D6647E&8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Attention has also been focused on non-financial risks arising from fire, health and safety of staff and young people. These risks are managed by ensuring accreditation is up lo date, having robust policies and procedures in place. and regular awareness training for staff working in these operational areas. d. Future plans Since the financial year end, we have made significanl progress in continuing to establish the organisation as a premium provider of therapeutic care. Placements continue in our homes in England and Northern Ireland and we have achieved great outcomes for the children and young people. In the coming year we expect to open further houses In England and Northern Ireland. Structure, governance and management a. Constltutlon The charity is constituted as a company limited by guarantee and was Incorporated on 28 April 2016. It Is governed by its Memorandum and Articles of Association, There is currently one member. The charlty was registered with the Charity Commission on 7 April 2017. b. Methods of appointment or electlon of Trust•e8 As set out in the Artlcles of Association the trustees are nominated by Safe Places for ChSldren Secretariat. c. Trust•0 Inductlon and tralnlng The truslees have undergone orientation to brief them on their legal obligations under charity and company law, the Charity Commission guidance on publi¢ benefit. and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. d. R•lated partles and co-operatlon wlth other organisatlons None of our trustees receive remuneration or other benefit from their work as a trustee wilh the charity. Any connection between a trustee or senior manager of the charity with an employee or contractor must be disclosed lo the full board of Irustees in Ihe same way as any other contractual relationship with a related paty. The charity has a close relationship with Safe Places Australia Limited in Australia, a non-profit with extensive experience and successes in the care and rehabilitation of troubled young people, and Safe Places for Children Secretariat {Registered Charity Number 1173449) the UK charitys parent. Safe Places Australia Limited provides administration support, training and advice, as well as providing funding for the establishment phase of Safe Places for Children UK. . Pay policy for senior staff The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings, subject to market comparative review. Page 5
Oocusign Envelope ID: F7100CS4406647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limlted by guarante•) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 310ECEMBER 2024 Statement of Trustees, responsibilities The Trustees (who are also the directors of the Charity for the purposes of company law> are responsible for preparing the Tnjstees. Report and the financial statements in accordance wilh applicable law and United Kingdom-Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires Ihe Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial slatemenls unless they are satisfied that they give a tnje and fair view of the stale of affairs of the Charlly and of its incoming resources and application of resources, including its income and 8xpendilure, for that perlod. In preparing these financial statements, the Trustees are required lo- select suitable accounting policies and then apply them consistently., obseNe the methods and principles of the Charities SORP {FRS 102), make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounling Slandards (FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will conlinue in business. The Twstees are responsible for keeping adequate a¢UntIng records that are sufficient to show and èxplain the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable Ihem to ensure that the financial statements comply with the Companies Act 2006. They are also responsible lor safeguardlng the assets of the Charity and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities. This report has been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Disclosure of informatlon to auditors Each of the persons who are Trustees at the time when this Trustees, Report is approved has confinned that: so far as that Trustee Is aware, there is no relevant audit information of which the charitys auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomiatlon and to establish Ihat the charitvs auditors are aware of that information. Auditors The auditors, PKF Smith Cooper Audit Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of TNStees and signed on their behalf by: ..14thqii4agpT4JA.......................... Kellh Mason (Trustee) Date.. 22n12025 Page 6
Docusign Envebpe ID.. F7100C54406H7E&8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A Company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN UK Oplnlon We have audited the financial statements of Safe Places for Children UK (the 'chariW) for the year ended 31 December 2024 which comprise the Statement of Financial Actlvilies, th8 Balance Sheet, the Stalement of Cash Flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stale of the charltabl8 company's affairs as at 31 Decemb8r 2024 and of its ncoming resources and application of resources. including its income and expenditure for the year then ended,. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinlon We conducted our audil in accordance wilh Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further describ8d in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audil of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Slandard, and we have fulfilled our other ethical responsibilities in accordance 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 golng concern In audiling the financial statements, we have concluded that the Trustees, use of the going concern basis of. accounting in the preparalion of the financial statements is appropriate. Based on the work we have performed, we have not identified any mat8rial uncertainties relating lo events or conditions Ihat, individually or collectively, may cast significant doubt on the charitable companVs ability to continue as a going concern for a period of al least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wilh respect to going concern are described In Ihe relevanl sections of this report. Page 7
Docusign Envelope ID.. F7100C544D6647E6.8e95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN UK (CONTINUED) Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other informalion contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent olhemise explicitly stated in our report, we do nol express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with Ihe financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such malerial inconsistencies or apparent malerial misstatements, we are required to delermine whether Ihis gives rise to a malerial misstatement in the financial statements Ihemselves. If, based on the work we have performed, we conclude that ther8 is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, Report has b8en prepared in accordance with applicable legal requirements. Matters on which wo are requlred to report by exceptlon In the lighl of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing lo report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit. have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audil; or the Trustees were not enlilled to prepare the financial statements in accordance wilh 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 trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes 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 internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable companys ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic allemative but to do so. Page 8
Docusign Envelope ID., F7100C544D6647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN UK (CONTINUED) Auditors, responsibllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in accordance with ISAS {UK) will always detecl a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they Could reasonably be expected to influence the economic decisions of users taken on the basis of these finanGial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecling Irregularities, including fraud is etailed below.. Based on our understanding of the company and industry, we identify the key laws and regulations affecting the company, We identified that the principal risk of fraud or non-compliance with laws and regulations related to.. Management bias In respect of accounting eslimates and Judgements made: Management override of control., Posting of unusual transactions, We focussed on those areas Ihal could give rise to a material misstatement in the financial statements. Our procedures included, but were not limited to., Enquiry of management and those charged wlth governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulalions and fraud; Reviewing legal expenditurè in the year to Identify instances of non-compliance with laws and regulations and fraud. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing audit work over the risk of management override of controls, including testing of journal entries and olher adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimates for bias. It is the primary responsibility of management, with the oversight of Ihose charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. Because of the inherent limitations of an audit, there is a risk that we will nol detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slatements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves inlenlional concealment, forgery, collusion, omission or misrepresentstion. A further description of our responsibilities for the audit of the financial stalements is located on the Financial Reporting Council's websile at.. www.frc.o .ukJauditorsres onsibilities. This description forms part of our Auditors, Report. Page 9
Docusign Envelope ID.. F71OOC544D6647E&8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN UK (CONTINUED) Use of our report This report is made solely to the charitable company's trustées, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thal we might state to the charitable company's trustees those matters we are required to slate to them in an Auditors. Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Slgn•d by.. .,@ Coopu gCF75EACIO8546e... PKF Smith Cooper Audit Limited Statutory Auditors .2 Lace Market Square Nottingham NG1 1PB Date: 221712025 Page 10
Docusign Envelope ID.. F7100C54406647E6-8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unreslrlcted funds 2024 Total funds 2024 Total funds 2023 Noto Income from: Donations and legacies Charitable activities 1.817,698 1,798.144 2,204,361 2,204,361 Total income 2,204,361 2,204,361 3,615,842 Expendlture on: Charitable activits'es 2,181,070 2,181,070 2,017,521 Total expendlturo 2,181,070 2,181,070 2,017,521 Net movement In funds 23,291 23,291 1,598,321 Reconciliation of funds: Total funds brought forward Net movement in funds 243,510 23,291 243,510 23,291 (1,354,811) 1,598,321 Total funds carrled forward 266,801 266,801 243,510 The Stalement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 15 to 27 form part of these financial stalements. Page11
Docusign Envelope ID.. F71OOC544D6647E&8E95IF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) REGISTERED NUMBER: 10152838 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets 12 395,784 394,974 395,784 394.974 Current assets Debtors 13 21 104,657 31,973 39,848 79,249 Cash at bank and in hand 136,630 719,097 Creditors: amounts falling due within one year 14 (255,613) (270,561) Net current Ilabllitlos (118,983) (151,464) Total assets less current liabilities 276,801 (10,000) 243,510 Provisions for liabilities 16 Total nel assets l (Ilabllltles) 266,801 243,510 Charlty funds Restricted funds Unrestricted funds 17 17 266,801 243,510 Tolal funds 266,801 243.510 The entity was enlilled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying wilh the requirem8nls of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 12
Do¢usign Envelope ID.. F71OOC54406647E&8E9&CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) REGISTERED NUMBER: 10152838 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The financial siatements were approved and authorised for issue by the Trustees and signed on their behalf by- 8lgned ty.. so 63CA91741687415... Keith Mason (Trustee) Date.. 221712025 The notes on pages 15 to 27 form part of these financial statements. Page 13
Oo¢usign Envelope ID.. F7100C544D6647E6.8E95-CF27908COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities (28,938) (117,594) Cash flows from Investing actlvlties Purchase of tangible fixed assets (18,518) (8, 200) Net cash used in investlng activities (18,518) (8,200) Cash flow8 from financlng activities Cash inflows from new borrowing Repaymenl of borrowings 204, 175 (20, 365) Not cash provlded by flnanclng actlvltles 183,810 Change In ¢a$h and cash equivalents in Iho year Cash and cash equivalents at the beginning of the year (47,456) 79,249 58,016 21,233 Cash and cash equival•nts at the •nd of the y•ar 31,793 79,249 The notes on pages 15 to 27 form part of these financial stalements Page 14
Do¢usign Envelope ID.. F7100C544D6647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Informalion Safe Places for Children UK is a private company limited by guarantee incorporated in England and Wales. The registered office is First Floor, Triad House. Mounlbatten Court, Worrall Streel, Congleton, Cheshire, CW12 1 DT. Accounting policies 2.1 Basis of preparalion of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Safe Places for Childr8n UK meets Ihe definition of a public benefit 8ntity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial slalements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £1. 2.2 Going concern At 31 December 2024. the Charity has net current liabilities of £118,983 (2023.. £151,464). The Charity has conlinued to grow since its, incorporation. generating a surplus in the current year of £23,291. Allhough the charity is in a net current liability position al the year end, the trustees are confident that the charity can meet ils current liabilities for a period of twelve months from the dale of signing the financial statements. Trade has continued to improve post year-end, and the charity has returned to a net current asset position as of June-25. Forecasts also indicate that the charity will continue to generale a surplus for e1ve months from the date of signing the financial statements. On Ihat basis, the Trustees consider that the Charity will be a going concern for a period of at leasl twelve months from the date of signing the financial statements. Therefore, they continue to adopt the going concern basis in preparing the financial statements. 2.3 Income All income is recognised once the Charity has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Cash donations are recognisgd on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condilions require deferral of the amounl. Support services for parent entity are recognised in the period in which it is receivable and to the extent the services have been provided or on completion of the setvice. Page 15
Docusign Envfrlopg ID: F7100C544D6647E6-8E95.CF27906COF69 SAFE PLACES FOR CHILDREN UK (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocaled directly to that activity. Shared costs which contribute to more than one activity and support costs which are not altributable to a single activity are apportioned beeen those activities on a basis consistent with th8 use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocaled on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitls objectives, as well as any associated support costs. 2.5 Tangible flxed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economlc benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less a¢¢umulaled depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation Ss charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line melhod. Depreciation is provided on the following bases: Freehold property Motor vehicles Computer equipment 50 years straight line 4 years straight line 5 years straight line 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid inveslments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.8 Liabllitles Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a resull of a past event, it is probable that a transfer of economic benefit will be required in settlemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Page 16
Docusign Envelope ID: F7100C54406647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles (contlnuad) 2.9 Flnancial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Panslons The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year, 2.11 Fund aecountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Critical accounting estlmate8 and aroas of judgmenl The preparatlon of the financial statements requires the Trustees lo mak8 judgments,. eslimales and assumptions that affect the amounts reported for assets and liabilities as al the balance sheet date and the amounts reported for revenues and expenses during the year. Crltlcal accountlng estlmates and assumptions: The Trustees are of the opinion that there are no key assumptions conceming the future and other key source5 of estimation uncertainly at the balance sheel dale that have a significant risk of causing a material adjustment lo the carrying amounts of the assets and liabilities within the nexl financial year. Income from donations and legacies Unrestrictod funds 2024 Tolal funds 2024 Total funds 2023 Donations - loan forgiven 1.817,698 Total 2023 1,817,698 1,817,698 Page 17
Do¢usign Envelope ID.. F7100C54406647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charltable activities Unrestricted funds 2024 Total funds 2024 Total . funds 2023 Residenlial care Outreach care Support services for parent entity 1,662,317 69,287 472,757 1,662,317 69,287 472,757 1,555, 189 46,449 196, 506 2,204,361 2,204,361 1, 798, 144 Total 2023 1,798, 144 1,798, 144 Analys1$ of •xpendlture on eharitable actlvltles Summary by fund ty Unrostrlcted funds 2024 Total 2024 Tot81 2023 Direct costs Support costs 1,708,227 472,843 1,708,227 472,843 1,607,838 409,683 2,181,070 2,181,070 2,017.521 Total 2023 2,017,521 2,017,521 Page 18
Docusign Envelopg ID.. F71OOC544D6647E6-8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analy$l$ of expenditure by activities Support costs 2024 Total funds 2024 Total funds 2023 Direct costs 2024 Therapeulic residential services Other 1,708,227 1,708,227 472,843 1,607,838 409,683 472,843 1,708,227 472,843 2,181,070 2,017.521 Tolal 2023 1, 607,838 409, 683 2,017,521 Analysls of dlrect costs Therapeutlc residential services 2024 Total funds 2024 Total funds 2023 Staff and related costs Residential premises costs Travel costs 1.463,110 199,210 45,907 1,463,110 199,210 45,907 1,389,005 194,615 24.218 1,708,227 1,708,227 1,607,838 Total 2023 1, 607, 838 1,607,838 Page 19
Docusign Envelope ID.. F7100C54408847E6-8E9&CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by 9uarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by actlvltles (continued) Analysis of support costs Total funds 2024 Total funds 2023 Other 2024 Staff and related costs Loan forgiveness Governance costs Service fees 226,154 18,766 14,913 226,154 18,766 14,913 177.677 44.829 22,571 51,716 11,096 83,495 18,299 Insurance 68,476 31,384 95,443 17.707 68,476 31,384 95,443 17,707 Travel costs OffiGe costs Depreciation 472,843 472,843 409,683 Total 2023 409,683 409, 683 Audltor$' remunoratlon 2024 2023 Audit fees 10,945 9, 950 Fees payable to the Charitls auditor in respect of.. Accounting and Tax Fees 2,170 1,975 Staff costs 2024 2023 Wages and salaries Employers Nl Contribution to defined contribution pension schemes 1,497,173 139,202 52,889 1.381,565 138,329 46. 788 1,689,264 7,566,682 Page 20
Docusign Envelope ID: F7100C544D6647E6-8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Staff costs (continued The average number of persons employed by the Charity during the year was as follows: 2024 No. 2023 No. Employees 42 45 The number of employees whose employee benefits (excluding 8mployer pension costs) exceeded £60.000 was.. 2024 2023 No. In the band £70,001- £80,000 In the band £80,001- £90,000 In the band £90,001- £100,000 In the band £100,001- £110,000 The key management personnel of the charity comprise the Managing Director. The total amount of employee benefits received by key iiianageinent personnel is £103,242 (2023: £96,681). 10. Trustees, remuneration and expenses During the year, no Trustees rec8ived any remuneration or other benefits (2025 - £NIL). During the year ended 31 December 2024, no Trustee expenses have been Incurred (2023 - £NIL). 11. Taxatlon The charily is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charilable objects. Page 21
Docusign Envebpg ID.. F7100C54406647EUE95£F279C6COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tanglble flxed assets Freehold property Motor vehicles Computer equipment Total Cost At 1 January 2024 Additions Disposals 416,863 44,094 18,518 111,366) 10,077 471.034 18,518 111,366) At 31 December 2024 416,863 51,246 10,077 478,186 Depreclatlon At 1 January 2024 Charge for the year On disposals 35,522 7,140 32,754 8,833 111,3661 7,784 1,735 76,060 17,708 (11,366 At 31 December 2024 42,662 30,221 9,519 82.402 Net book valu• At 31 December 2024 374,201 21,025 558 395,784 At 31 December 2023 381.341 11.340 2,293 394,974 13. Debtors 2024 2023 Du• after moro than one y•ar Other debtors 4,930 4,930 Due within one year Trade debtors Other debtors Prepayments and accrued income 30,361 8,300 61,066 22.362 6.391 11,095 104,657 39,848 Page 22
Docusign Envelope ID.. F7100C544D6647E6-8E95-CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Creditors: Amounts falllng due wlthln one year 2024 2023 Trade creditors 2,772 27,247 6,826 218,768 11,687 30,469 9.426 218,979 Other taxation and social security Other creditors Accruals and deferred incom& 255,613 270,561 15. Financial instrumonts 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 84,306 119,097 2024 2023 Flnancial liabilities Other financial liabilities measured al fair value through income and expenditure 213,289 270,561 Financial assets m8asur8d at fair value through income and expenditure comprise trade debtors, other debtors, prepayments and accrued income and cash at bank. Olher financial liabilities measured at fair value through incom8 and expenditure comprise trade creditors, other tax and social security, other creditors and accruals and deferred income. 16. Provlslons Dilapidatlons Additions 10,000 10,000 During the year, the company vacated a leas8d property that requires work to restore the propety to its original condition. The directors, best estimate of the costs of restoration represents the provision addition this year. At the time of signing these financial statements, final agreement has not been reached with regards to this liability. Page 23
Doeuslgn Envelope ID.. F7100C544D6647E6-8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds Statement of funds - Current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrostrlcted funds Reselves 243,510 2,204,361 (2,181,070) 266,801 Statemenl of funds - prlor year 8alance at 31 December 2023 Balance at l January 2023 Incomg Expenditure Unrostrlcted funds Reserves (1,354,811) 3,615,842 (2,017,521) 243,510 Summary of funds Summary of funds • currènt year 8alancè at 31 December 2024 Balance at 1 January 2024 Income Expendlture General funds 243,510 2,204,361 (2,181,070 266,801 Summary of funds - prlor year Balance al 31 December 2023 Balance at 1 January 2023 Income Expenditure General funds (1.354,811) 3,615,842 (2,017,521) 243,510 Page 24
Docusign Envelope ID.. F7100C54406647E&8E95.CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company limited by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 19. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestri¢ted funds 2024 Total funds 2024 Tangible fixed assets Debtors due after more than one year Current assets Creditors due within one year 395,784 395,784 4,930 4,930 79,376 79,376 (213,289) (213,289 Total 266,801 266,801 Analysis of net assets between funds - prlor period unStrIcted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 394, 974 119,097 (270,561) 394,974 119,097 (270,567) Total 243.510 243,510 20. Reconciliation of net movement in funds to nel cash flow from operating activities 2024 2023 Net income for the period (as per Statement of Financial Activities) 23,291 1,598,321 Adjustmenls for: Depreciation charges Decreasel(increase) in debtors Decrease in creditors 17,735 75,818 {12,485 42,020 (57,479) (1. 773, 753) Net cash used in operaling actlvllles (28,938) (117,594) Page 25
Oo¢usign Envelope ID.. F7100C544D6647E6.8E95.CF27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 21. Analysis of cash and cash equivalents 2024 2023 Cash in hand 31,793 79,249 Total cash and cash equivalents 31,793 79,249 22. Analysls of changes In net debt At1 January 2024 Cash flows At31 December 2024 Cash at bank and in hand 79,249 (47,276) 31,973 79,249 (47,276) 31,973 23. Penslon commltments The Company operates a defined contribution pension soheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amour)ted to £52,889 (2023 . £46,788). Contributions totalling £6,95012023 - £9,363> were payable to the fund at the balance sheet date. 24. Operatlng lease commllments At 31 December 2024 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows: 2024 2023 Not later than 1 year Later than 1 year and not laler than 5 years 82,008 105,000 23,952 45,000 187,008 68,952 Page 26
Docusign Envelope ID.. F7100C54406647E6-8E95£F27906COF69 SAFE PLACES FOR CHILDREN UK (A company Ilmlted by guarante• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 25. Related party transactlons The Company has taken advantage of the exemption under FRS 102 section 33.1A Related Party Disclosures from disclosing transactions with other members of the group. Truslee Adrian De Villiers. a trustee of parent company Safe Places for Children Secretariat, is also a Director of Safe Places Community Services Lifflited. Safe Places Community Services Limited is a similar organisalion operating in Australia on which this charity has been modelled. The view of the Trustees is that Safe Places Communily Services Limited and this charity are connected parties pursuant to the Australian accounting standards and the United Kingdom accounting standards. During the year Safe Places Community Servic8s Limited paid net expenses of £Nil (2023- £183,810> on behalf of the charity. The balance outstanding as at 31 December 2024 is £Nil (2023- £Nil). Anthony Thompson, a trustee of parent company Safe Places for Children Secretariat. is also a Director of Safe Places Australia Limited. Safe Places Australia Limited is a similar organisation operating in Australia on which this charity has been modelled. The view of the Trustees is that Safe Places Australia Limited and this charity are connected parties pursuanl to the Australian accounting standards and the United Kingdom accounting slandards. On 29 February 2024 Safe Places for Children UK joined the Safe Places Australia Limited group. and are therefore exempt from disclosing Iransactlons from this dale. From 1 January 2024 10 29 February 2024 the company recognised the sales of £54,216 {2023 - £139,432) relatlng to the recovery of costs incurred Keith Mason is a Trustee of Safe Places for Children UK but is also the Managlng Director of the Charlty. He recelves remuneration for his employment as Managing Director, which Is separate to his role as a Trustee, for which no MuneratIOn is received. 26. Controlling party Safe Places for Children UK is a Company limited by guarantee and accordingly does not have share capital. Every member of the charitable Company und8rtakes lo contribute such amount a5 may b8 required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or wllhin one ar after hé or she ¢eas8S to be a membar. The charltvs immedlate parent entity is Safe Places for Children Secretariat (Registered Charity Number 1173449, Company Registration Number 10147280) as the sole m8mber of Safe Places for Children UK. Consolidated financial statements are prepared by Safe Places for Children Secretarial, a copy of which is available from First Floor. Triad House, Mountbatten Court. Worrall Street, Congleton. Cheshire. CW12 1DT. The ultimate controlling party is Safe Places Australia Limited. Consolidated financial statements are prepared by Safe Places Australia Limit8d, a copy of which is available from Level 19, 241 Adelaide Street, Brisbane QLD 4000. Page 27