Do¢usKJn Envelope ID.. 8DA97CBA-530C44EC-A574-36AE7F8EWB Registered number: 10147280 Charity number: 1173449 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 'AE8GK505* 0710812025 COMPANIES HOUSE A16
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Do¢u$ign Envelope ID.. 8DA97CBA-530C44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT {A company limited by guarantee) CONTENTS Page Referen¢e and administrative details of the Company, its Trustees and advisers Trustees. report Independent auditors. report on the financial statements Consolldated statement of financial activities 7-10 Consolidated balance sheat 12-. 13 Company balance sheet Consolidated stat•m•nt of Cash flows 14 15 Notes to the financlal statements 16-30
Docu$n Envèlope ID.. 8DA97CBA-53DC44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT {A company limlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 310ECEMBER 2024 Trustees Peter Kearney (resigned 14 April 2025) Anlhony Thompson, Chairman Errol Bari. (<ippolnted 26 May 2025) Company reglstered number 10147280 Charity registered number 1173449 Registored office First Floor, Triad House Mountbatten Court Worral Street Conglelon Cheshire CW12 1DT, Ind•p•ndent audltors PKF Smith Cooper Audit Limited Statutory Auditors 2 Lace Market Square Nottingham NG1 1PB Banker8 Royal Bank ol Scotland Weslem Avenue Chatham ME4 4RT Sollcltors Veale Wasbrough Vizards LLP Narrow Quay House Narrow Quay Bristol BS14aA Page 1
SAFE PLACES FOR CHILDREN SECRETARIAT IA Company limited by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are pleased to present their annual report together wilh the financial statements for the year ended 31 Dec&mber 2024 which are also prepared to meet the requirements for a directors, report for Companles Act purposes. The financial statements comply wilh current statutory requirements, the requirements of the Memorandum and Articles of Association, and the provisions of the 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 aclivitie8 a. ObJoctlv•s and actlvltl•s The charitls objectives are.. The relief of- children, young adults and disabled people in need., and the families of children, young adults and disabled people in need In particular bul not exclusively by providing resld8ntlal. therapeutic and rehabilitation serrfices and family support services- b> the relief of those in need by reason of financlal hardship, 111 health, dlsability, 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 to the objects of the Secretariat. in particular but not exclusively by setting standards which serie to improve the quality of care delivered by those other charities; the advancement of such other objects or purposes in any part of the world which are excluslvely charitable according to the law of England and Wales and are in the opinion of the trustees connected wlth children. young adults or disabled people in need in such manner as the trustees may in their absolute discretion think fit. The purposes of the charity are: To provide therapeutlc residential care of high needs children, young adults and disabled people, providing rehabilitation sen4ices in addition to the immediate needs of the young people. In addition. we seek to use the experiences and knowledge gained working with traumalised young people in other locations to bring about improvements in the efficiency and effectiveness 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 deliv8red to all high needs young people by the various agencies and charits'es. The objectives for this year are.. To assist other charities to establish a team of educated. excellent, enthuslastic staff to guide young people along a personal growth journey. To seek ways of improving the delivery of care to high needs young people. To institute training, review and verification programs to ensure the highest possible standard of care is provided. Page 2
Docusign Envelope ID.. 8DA97ceA-530C44EC-A574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and actlvltSe$ (continued) The charity achieves its objectives by assisting its subsidiary Safes Places for Children UK. b. Fundlng We have established working relationships with various Trustees of the Health and Social Care trusts in a range of jurisdictions in Northern Ireland and England. We have broad agreement on the pricing structure and cost recovery models for caring for young people. We increased the pricing struclure per young person for the financial 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 reduces due lo the intense therapeutic work we deliver, we work alongside the Trusts and Local authorlties to transition the young people to secure less- intensive models of care with other providers or family and provide outreach support during the young persons transition out of Safe Places. whilst simultaneously providing outreach support to new young people transltioning into our seNice, this increases revenue during this period. Across England and Northern Ireland. we have in excess of 25 referrals to our service per day, which reduces the ongoing concern of businesslrevenue continuity. The English Councils along with the Northern Ireland Trusts are under a huge amount of pressure to not only place children and young people but also to bring young people back to their communities as some young p80p18 a placed down south in Ireland or other countries. Safe Places have been able lo assist with this and now have s8v8ral successful transitions back to family and community living. Safe Places have an exemplary reputation in providing therapeullc residentlal care and both the Counclls and the Trusts continue to provide exceptional feedback regarding the quality of care provided by Safe Places. We have determined that we can provide the appropriate services at the best cost to ensure the ongoing viability of Safe Places for Children Secretariat. c. Publlc Benefit In planning the activities for the year to m88t the charitable objects. the twstees have complied with their duties In Section 17 of the Charities Act 2011 and have considered the Charity Commission's general guidance on public benefrt. Flnancial r•vi•w a. Financial revlew The charity received charitable income of £2,204,361 (2023 £1,798,144). There was an increase in income compared to 2023 as the charity opened an additional house in Northem Ireland and one in England. Reserves policy The parent charity held a deficit on unrestricted funds of £350,276 as at 31 December 2024 {2023- deficit of £354,426). The trustees continue to develop a reserves policy for the parent charity and are reviewing the charitls anticipated areas of income and expenditure to ensure the policy is appropriate. The group held a deficit on unrestricted funds of £83.475 as at 31 December 2024 (2023 - deficit of £110,916). The charity recognises the need lo have positive unrestricled funds and is taking steps to achieve Ihis in due course. The charity expects to receive continued support from its parent. Safe Places Australia Limiled. Page 3
Docusi9n Envelope10.' 8DA97CBA43DC44EC-A574-36AE7F8EM38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 b. Going concern We w8re supported during the 8Stablishment and Inltlal start-up phase by parent company Safe Places Australia Limited. This supporting relationship has continued throughout 2024 enabling the continued provision of finance to connected charities. Safe Places Australia Limited continues to provide Safe Places for Children Secretsriat with financial support. As a result. the trustees consider that it is appropriate to continue to prepare the financial statements on a going concem basis. ¢. Risk management The trust88s have a risk management stralegy which comprises: monthly review and check to ensure standards are maintained, pollcies upheld and procedures followed in both practical application and documentation. ongoing work by team reviewing documentation, licencing and other requirements for working in this highly regulated industy,. an annual review of the principal risks and uncertainties that the charity faces. the establishment of policies, systems and procedures to rniligate those risks identified in the annual review- and Ihe implementation of procedures designed to minimise or manage any potential impaet 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 to child safety that the charity is promoting is different from those used by other organisations in residential care and requires Changes in thinking in the funding and placement agencies. Attention has also been focussed on non-financial risks arising from fire, health and safely of staff and young people. These risks are managed by ensuring accreditation is up to dale, having robust policies and procedures In place, and regular awareness training for staff working in these operational areas. d. Fundralslng The Trustees take their responsibilities under the Charities (Proteclion and Social Investment) Act 2016 seriously and have considered Ihe implications on their fundraising activities. The Charity does nol engage in fundraising activity nor does it petition any donations from members of the general public and does not work with any third- party commercial fundraiser. The Trustees are not aware of any fundraising cornplaints made in respect of the financial year. •. Future plans Since the financial year end, we have made significant 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 Northem Ireland. Page 4
Docusign Envelope ID.. 8DA97CBA43DC44ECA574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company lirnited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDEO 31 DECEMBER 2024 f. Trustees The following trustees have held office during the Per1j and to the date of signing the financial ststements: Peter Kearney (retired 14 April 2025) Anthony Thompson Errol Barr (appointed 26 May 2025) Structure, governance and management Constltutlon The charity is consliluled as a company Ilmlted by guarantee and was incorporated on 26 April 2016. It is governed by its Memorandum and Articles of Association. There is currently one member. The charity was registered with the Charity Commission on 16 June 2017. b. Methods of appolntment or eloctlon of Trustees As set out in the Articles of Association the trustees are nominat8d by th8 members. c. Trust•0 Inductlon and tralnlng The trustees have undergone orientation to brief Ihem on their legal obligations under charity and company law, the Charity Commission guidance on public 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. Relat•d partles and co-op•rallon wllh other organlsatlons None of the trustees receive remuneration or other benefit frorn their work with the charity. Any conneclion between a trustee or senior manager of the charty with an employee or contractor must be disclosed to the full board of trustees in the same way as any oth8r contractual relationship with a related party. The charity has a close relationship wlth S8f8 Places Australla Limited in Australla, a non profit wlth extensive experience and successes in the care and rehabilitation of troubled young people. Safe Places Australia Limited provides administration support, Iraining and advice. as well as providing funding for the establishment phase of Safe Places for Children Secretariat. •. Pay pollcy for senlor staff The pay of the senlor staff is reviewed annually and normally increased in accordance with average earnings. subject to market comparative. Page S
Docusign Envelope 10: 8DA97CBA-530C44EC-A574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company limlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 statement of Trustee8' responsibilities The Truste8s (who are also the direclors of the Company for the purposes of company lawl 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). Company law requires the Trustees to prepare financial statements for each financial Under company law. the Trustees must not approve the financial statements unless they are satisfied thal they give a true and fair view of the slate of affairs of the Group and the Company and of their incoming resources and application of resources. including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo: select suitable accounting policies and Ihen apply them consislenlly; observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounling estimates that are reasonable and prudent,. slate whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless It Is Inappropriate to presume that the Group will continue in busin8SS. The Trustees are responslble for keeping adequate accounting records that are sufficient to show and explain the Group and the CompanWs transactions and disclose with reasonable accuracy at any lime the financial position of the Group and the 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 Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companles Act 2006 relating to small companies. Dlsclosure of Informatlon to audltor8 Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that.. so far as that Truslee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and that Trustee has taken all Ihe steps Ihat ought lo have been taken as a Trustee in order to be aware of any relevant audit information and lo establish that the charitable group's auditors are aware of that Information. Audltors 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 Tnjstees. Approved by order of the members of the board of Trustees and signed on their behalf by.. Slgned by.. Anthony Thompson (Trustee) Date.. 211712025 Page 6
SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN SECRETARIAT Opinion We have audited the financial statements of Safe Places for Children Secretariat (the 'parent charitable companw) and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement 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 appliGable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Praclice). In our opinion the financial statements.. glve a true and falr vlew of Ihe state of the Group's and of the parent charitable company's affalrs as at 31 December 2024 and of the Group's incoming 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 quirementS of the Charities Act 2011. 8asls for oplnlon We conducted our audit in accordance with Intemational Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are re18vant lo our audit of the financial slatements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We beli8ve that the audit evidence have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the Trustees, us8 of the going concern basis of accountin9 in the preparation of the financial statements is appropriate. Based on Ihe work we have performed, we have not idents'fied any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the Group's or the parent charitable companrfs abilily to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibililies of the Trustees wlth respect to going concern are described in the relevant sections of this report. Pa9e 7
SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN SECRETARIAT (CONTINUED) Other Informatlon The other information comprises the infomiation Included in the Annual report other than the financial statements and our Auditors. report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and. except to the extent othenNise explicitly stated in our report, we do not 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 the financial statements or our knowledge obtained in the course of the audil, or otherwise appears to be materially misstated. If we idenlify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise lo a maleri81 misslatement in the financial statements themselves. If, based on the work w8 have performed, we conclude that there Is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, report is inconsistent in any material respect with th8 financial statements: or the parent charitable company has not kept sufficient accounting records; or the parent charitable company financial statements are not in agreem8nl with the accounting records and returns; or we have not received all the information and explanations we require for our audit. Re8ponslbllltlos of trusteas As explained more fully in the Trustees, responsibilities statement, the Truslees (who are also the dlrectors 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 th6 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 Group's and the parent charitable company's ability to 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 Ihe Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Page 8
SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilrnlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN SECRETARIAT (CONTINUED Auditors. responsibilities for the audlt of the financlal statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to oblain 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 15 not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Mi5Statements can arise from fraud or error and are Considered material if. individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalements. Irregularities. including fraud, are Instances of non-compliance with laws and regulations. We deslgn procedures In line with our responsibilities, outlined above, to detect material misstatements in fespecl of irregularities. Including fraud. The extent to which our procedures are capable of detecting irregularilie5. including fraud is detailed 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 ol fraud or non-compliance with laws and regulations related to.. Management bias in respect of accountlng eslimates and judgements made., Management override of control,. Postin9 of unusual journals or Iransaclions. We focussed on those ar8as that could give rise to a materlal misstatement in the financial statements. Our procedures included. bul were not limited lo.. Enquiry of management and those charg8d with governance around aclual and potentlal Iltlgation and laims, including instances of non<ompliance with laws and regulations and fraud,. Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulalions and fraud: ReVievn9 financial slalemenl disclosures and testing to supporting documentation to assess compliance with applicable laws and regulalions., Performing audit work over the risk of management overrlde of controls, Including testing of joumal entries and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. It is the Pfimary responsibility of management, viith the oversight of Ihose Gharged with govemance, to ensure that the entivs 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 audlt, Ihere is a rlsk that we will not d8tect all irr8gulari118s, 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 slalements. 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 intentional concealment. forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial slatements is located on the Flnancial Reporting Council's website at.. www.frc.or .ukJauditorsres onsibilities. This description fomis part of our Auditors, report. Page 9
SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SAFE PLACES FOR CHILDREN SECRETARIAT (CONTINUED) Use of our report This report is rnad8 solely to the charitable Companls trustees, as a body, in accordance with Part 4 of Ihe Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state to the charitable companYs trustees those matters we are required lo slate to them in an Auditors, report and for no other purpose. To the fullest extent permitled by law, we do not accept or assume responsibility lo 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 fomied. PKF Smllh Coopor Audlt Llmlled Statutory Auditors 2 Lace Market Square Nottingham NG1 1PB Date: 221712025 PKF Smith Cooper Audit Limited are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006. Page 10
Docustyn Envelope10'. 80A97CBA-53DC44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee> CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from.. Donations and legacles Charitable activities 1,302,827 1,798, 144 2,204.361 2,204,361 Total income 2,204,361 2.204,361 3, 100,971 Expenditure on: Charitable activities 2,176,920 2,176,920 2,030,906 Total expendituro 2,176,920 2,176,920 2,030,906 Net movement In funds 27,441 27,441 1,070,065 Reconclllatlon of funds: Total funds brought forward Net movement in funds 1110,916 27,441 (110,916) (1, 180,981) 27,441 1,.070,065 Total funds carrled forward (83,475 (83,4751 (110,916) The Consolidated statement of financial activities includes all gains and losses recognised in the year. The notes on pages 16 to 30 form part of thes8 financial statemenls. Page 11
Docvsign Envelope ID.. 8DA97CBA-530C44EC-A574-38AE7F8EA43B SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) REGISTERED NUMBER: 10147280 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets 12 395,784 394.974 395,784 394,974 Current asset$ Debtors 13 105,897 32,105 39,848 79,353 Cash at bank and in hand 21 138.002 119,201 Credltors: amounts falling due within one year 14 (607,261) (625,091) Net current liablllties (469,259) (505,890) Total assets l•ss current liabilities (73,475) (10,000) (110.916) Provisions for liabilities 16 Total n•t liabllltles (83,475) (110,916) Charity funds Restricted funds Unrestricted funds 17 17 (83,475) (110,916) Total funds (83,473) (110,916) The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required th8 entity lo 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 151 of the Charltles Act 2011. The Truste8s acknowledg8 their responsibilities for complying with the requirements of the Act with resped 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
t>0¢usn Envelopg ID.. 8DA97C8A-53DC44EC-A57446AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A Company limited by guaranteel REGISTERED NUMBER: 10147280 CONSOLIDATED BALANCE SHEET (CONTINUED AS AT 31 DECEMBER 2024 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: $1on•O by- .AAIIP.•AR Anthony Thompson (Trustee) Date.. 21r112025 The notes on pages 16 to 30 form part of these financial statements. Page 13
Do¢u5ign Envelope10.' 8DA97C6A-53DC44EC-A57446AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) REGISTERED NUMBER: 10147280 COMPANY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Not• Current assets Debtors Cash at bank and in hand 13 1,240 132 104 1,372 104 Creditors.. amounts falling due within one year 14 1351,648) (354.530) Net current Ilabilities (350,276) (354,426) Total assets less current Ilabllltles (350,276) (354,426) Total net Ilabllltles (350,276) (354,426) Charity funds Restricted funds Unrestricted funds 17 17 (350,276) (354,426) Tolal funds (350,276) (354,426) The Companls net movemenl in funds for the year was £4,150 {2023 - £(528,256)). The Company was entitled 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 151 of the Charlties Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been ppared in accordance with the provisions applicable to enlities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Ilwwd by.. F421... Anthony Thompson (Truste8) Dat8: 211712025 The notes on pages 16 to 30 form part of these fi'nancial statements. Page 14
Docusryn Envglope10'. 8DA97C8A.530C44ECA574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31 DECEMBER 2024 2024 2023 Cash flows from operating actlvitiaA Net cash used in operating activities (25,8471 (132.239) Cash flows from Investlng activltles Purchase of tangible fixed assets (18,518 (8,200) Net cash used in invasting actlvlties (18,518 (8,200) C48h flows from financlng a¢tlvltl•s Cash inflows from new borrowing Repayments of borrowing 198, 176 (2, 209) {2,8831 Nel cash (usod In)Iprovlded by financing a¢tlvltl•s (2,883) 195,967 Change In cash and cash equlvalents In Iho yaar Cash and cash equivalents at the beginning of the year (47,248) 79,353 55,528 23, 825 Cash and cash equivalents at the end of the year 32,105 79,353 The notes on pages 16 to 30 fomi part of these financial statements Page 15
Do¢usign Envelope ID.. 8DA97CBA-53DC44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Information Safe Places for Children Secretariat is a registered charity and a company limited by guarantee. The registered office is First Floor, Triad House. Mountbatten Court. Worrall Street, Congleton, Cheshire. CW12 1DT. Accountlng pollcle8 2.1 Basls of preparatlon of financlal statemonts The financial statements have been prepared in accordance with the Charilies SORP (FRS 1021 Accounting and Reporting by Charities: Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard 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 {FRS 102) and the Companies Act 2006. Safe Places for Children Secretariat meets the definition ol 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. The Consolidaled statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are Consolidated on a line by line basis. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has noi presenled ils own Statement of financial activities in these financial slalements. The financial statements are presented in Sterling which is the functional currency of the Group and Company and are rounded to the nearest £1. 2.2 Golng concern Al 31 December 2024 the Group has nel liabilities of £83,475 {2023'. £110,916). Its parent entity. Safe Places Australia Limited, has agreed to provide support to the Charity to ensure it can fulfill its current liabilities as they fall due for at least e1ve months from the date of signing the financial statements. On this basis, the Trustees consider thal there is a reasonable basis for concluding that the Group will be able to continue to trade for a period of at leasl twelve months from the date of signing the financial slat8m8nts. 2.3 Incom• All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Cash donations are rewgnised on receipt. other donations are recognised once the charity has been nolified of the donation. unless performance conditions require deferral of the amount. 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 servi. Page 16
Docusign Envelope 10.. 8DA97CBA-530C44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢i•s {contlnued) 2.4 Expendlturft Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit to a third paty, it 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 activity- The costs of each activity are made up of the total of direct costs and shared costs. including support costs invofved in undertaking each activity. Direct costs attribulable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent wilh the US8 of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activilies is incurred on directly undertaking the activits'es which further the Group's objectives, as well as any associated support costs. 2.5 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £500 or mor8 are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed as$81s are initially recognlsed at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated 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 m8asurement of cosl. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful Ilves, uslng the straight-line method. Depreciation is provided on the following bases: Freehold property Motor vehicles Computer equipment So years straight line 4 years straight line S years straight line 2.6 Dobtors Trade and other debtors ara recognised at the settlement amount after any trade dlscount offered. Prepayynents are valued at the amount prepaid nel of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-lemi highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.8 Llabllltlos Liabilities and provisions are recognised when there is an obligation at the Balancè sh88t dale as a result of a past event, it is probabl8 that a transfer of economic benefit will be required in settlement. and the amount of the settlement Can be estimated reliably. Liabilities are recogni5ed al the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it rnust provide. Page 17
Docusign Envelope 10.. 8DA97CBA-530C44ECA57446AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles (contlnued) 2.9 Flnanclal Instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instfuments 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 Oporatlng leases Rentals paid under op8rating leases are charged to the Consolidated statement of financial activities on a straight-line basis over the lease term. 2.11 Pensions The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by th8 Group lo the fund in respect of the year. 2.12 Fund accountlng General funds ar8 unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectlV8s of the Group and which have not been designated for other purposes. Crltlcal accountlng estimates and areas of Judgment The preparation ol the financial slatements requlres the Trustees to make judgments. estimate5 and assumptions that affect the amounts reported for assets and liabllilies as at the balance sheet date and Ihe amounts reported for revenues and expenses during the year. Critical accounting estimates and assumptions.. The Trustees are of the opinion that there are no key assumptions conceming the future and other key sources of estimation uncertainty al the balance sheet date that have a significant risk of causing a material adjustment to the carrying amounts of tha assets and liabilities within the next financial year. Income from donatlons and legacles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations - loan forgiven 1,302,827 Total 2023 1,302,827 1,302,827 Page 18
Do¢usign Envelope ID.. 8DA97CBA-530C44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from charltable actlvities Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Residential 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 Analysls of expenditure on charltable actlvltles Summary by fund type Unrestricted fund8 2024 Total 2024 Total 2023 Direct costs Support costs 1,708,227 468,693 1,708,227 468,693 1,607,838 423,068 2,176,920 2,176,920 2,030,906 Total 2023 2,030, 906 2,030, 906 Page 19
Do¢uskJn Envglope ID.. 80A97CBA-53DC44ECA574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilrnlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities Support ¢ost$ 2024 Total funds 2024 Total funds 2023 Dlrect costs 2024 Therapeutic residential servlces Other 1,708,227 1,708,227 468,693 1.607.838 423.068 468.693 1,708,227 468,693 2,176,920 2.030,906 Tot812023 1,607,838 423,068 2,030,906 Analysls of dlroct costs Therapeutic residential ser¥i¢es 2024 Total funds 2024 Total funds 2023 Slaff 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 1,6Q7,838 Total 2023 1.607,838 1,607, 838 Page 20
Do¢usKJn Envelope ID.. 8DA97CBA-53DC44EC4574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by actlvltles (contlnu•d) Analysls of support costs Total funds 2024 Tot81 funds 2023 other 2024 Staff and related costs Govemance costs Service fees Insurance Travel Office costs Depreciation 226.154 14.913 226,154 14,913 177,677 44,829 22,571 51,T16 11,096 96, 880 18,299 68,476 31,384 110,059 17,707 68,476 31.384 110,059 17,707 468,693 468,693 423,068 Total 2023 423,068 423,068 Auditors. remuneration 2024 2023 Fees payable to the Group auditors for the audit of the COmpanS annual accounts 3,300 3,000 Fees payable to the Group auditors in respect of: Audit of subsidiary Accounting and Tax Fees 10,945 4,345 9.950 3,950 Staff costs Group 2024 Group 2023 Wages and salarles Employers Nl Contribution to defined contribution penslon schemes 1,497,173 139,202 52,889 1.381,565 138,329 46, 788 1,689,264 1,566, 682 Page 21
Docvsign Envelope ID.. 8DA97C8A-530C44EC-A574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) ' NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs (contlnued) The average number of persons employed by the Company during the year was as follows.. Group 2024 No. Group 2023 Employees 42 45 The number of employees. whose employee benefits (excluding employer penslon costs) exceeded £60,000 was: Group 2024 No. Group 2023 No. In Ihe band £70,001- £80,000 In the band £80,001- £90,000 In Ihe band £90,001- £100,000 In the band £100,001- £110,000 The key management personnel of the Group currently comprise the Managing Director. The total amount of employee benefits received by key management personnel is £103,242 (2023.. £96,681). 10. Tru81ees' rèmuneratlon and expensos During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL). 11. Taxatlon The charity Is exempt from tax on income and gains falling wlthin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Galns Act 1992 to the extent that these are applied to its charitable objects. Page 22
Docusign Envelope ID.. 8DA97C8A430C44EC-A574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tangible fixed assets Group Freehold property Motor vehicles Computer equipment Total Cost At 1 January 2024 Additions Disposals 416,863 44,094 18,518 (11.366) 10,077 471,034 18,518 (11,366) 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 (11,366) 7.784 1.735 76,060 17,708 (11,366) At 31 December 2024 42,662 30,221 9,519 82,402 Net book value At 31 December 2024 374,201 21,025 S58 395,784 At 31 December 2023 381,341 11,340 2,293 394,974 Page 23
DIKusign Envelope ID.. 8DA97C8A-530C44EC-A574-36AE7F8EM38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Debtors Group 2024 Group 2023 Company 2024 Company 2023 Due after more than one year Other debtors 4,930 4,930 Duo within one year Trade debtors Olh8r debtors Prepayments and accrued income 30,361 8,300 62,306 22.362 6,391 11,095 1,240 105.897 39,848 1,240 During the year, the Company benefitted from donations totalling £18,766 from it's subsidiary company Safe Places for Children UK. These amounts were originally intercompany creditors that were forgiven by the subsidiary company during the year. 14. Credltors: Amounts falllng due wlthln one yoar Group 2024 Gmup 2023 Company 2024 Company 2023 Other loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income 347,872 2,772 27,247 6,826 222,544 350, T55 11,687 30,469 9,426 222, 754 347,872 350, 755 3,776 3,775 607,261 625,091 351,648 354,530 In prior years, Sichere Orte Limited, a Seychelles incorporated company, provided funding to Safe Places for Children Secretariat to allow the charity to conlinue its set up phase and provide onward finance to Safe Places for Children UK (Registered Charity Number 1172481) for property acquisition, At 31 December 2024 the loan has no fixed repayment period, however per the terms of the loan the balnace may be recalled in full by the provider with 6 months. notice. Since March 2023 the Company have agreed to repay monthly inslalments of £1,200. of which £975 is interest and £22S principal. This arrangement was revi8wed in January 2025 and has since been increased to monthly repayments of £5,000. Of which £975 is interest and £4.025 principal. The balance owed to Sichere Orte is secured by a deed of guarantee and indemnity between Sichere Orte and Safe Places for Children UK. Page 24
Oocusign Envelope ID.. 8DA97CBA-530C44EC-A574-36AE7F8EA43B SAFE PLACES FOR CHILDREN SECRETARIAT (A Company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Financial instruments Group 2024 Group 2023 Company 2024 Company 2023 Flnanclal assets Financial assets measured at fair value through income and expenditure 85,678 119.201 1,240 104 Group 2024 Group 2023 Company 2024 Company 2023 Flnanclal Ilabllltl•s Other financial liabilities measured at fair value through income and expendilure Other financial liabilities measured at amortised cost through income and expenditure 217,065 274,336 3.776 3,775 347,872 350, 755 347,872 350. 755 564,937 625,091 351,648 354,530 Financial assets measured at fair value through income and expenditure comprise Irade debtors, other debtors, prepayments and accrued income and cash at bank. Other financial liabilities measured at fair value through income and expenditure comprise trade creditors. other tax and social security and accruals and deferred income. Other financial liabilities measured at amortised cost through income and expenditure comprise other loans. 16. Provlslons Group Dilapldatlons Additions 10,000 10,000 During the year, the Group vacated a leased propety that requires work lo restore the property to its original condition. The trustees. best eslimate of the costs of restoration represents the provision addition this year. At the time of signing these financial stalements, final agreement has not been reached with regards to this liability. Page 25
Docusign Emielope ID.. 8DA97CBA-530C44EC-A57446AE7F8EM3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2024 17. Slatement of fund$ Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds - all funds Reserves - subsidiary 1,463,272 (1,574,188) 2,204,361 1,463,272 (2,176,920) (1,546.747) (110,916) 2,204,361 {2,176,920) (83,475) Statomont of funds - prior yoar Balance al 31 December 2023 Balance at l January 2023 Income Expenditure Unrestricted funds General Funds - all funds Reserves - subsidiary 173,830 (1,354,811) 1,302,827 1, 798,144 (13,385) 1,463,272 (2,017,521) (1,574,188) (1, 180,981) 3, 100,971 (2,030, 906) (110,916) 18. Summary of fund8 Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Incom• Expenditure General funds (110,916) 2,204,361 (2,176,920 {83,475) Page 26
Docusign Envelope ID.. 80A97CBA-530C44EC-A57446AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Summary of funds (conllnued) Summary of funds - prlor year Balance al 31 December 2023 Balance at 1 January 2023 Income Expenditure General funds (1, 180,981) 3, 100,971 (2,030, 906) (110,916) 19. Analysis of net assets between funds Analysis of n•t assets between funds - current period Unrestrlcted funds 2024 Total lunds 2024 Tangible fixed assets Dabtors du8 after more than one year Current assets Creditors due within one year 395,784 395,784 4,930 4,930 80,748 80,748 (564,937) (564,937> Total (83,475) (83,475> Analysis of net assets betwo•n funds - prior perlod Unrestricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 394, 974 119,201 (625.091) 394,974 119,201 (625,091) Total (110,916) (110.916) Page 27
OocuskJn Envelopo 10.. 80A97CBA-530C44EC.A574-36AE7F8EAA3B SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 20. Reconciliation of net movement in funds to not cash flow from operating activities Group 2024 Group 2023 Net income for the period (as per Statement of Financial Activities) 27,441 1,070.065 Adjustments for: Depreciation charges Decreasel(increase) in debtors Decrease in creditors 17,708 15,818 (13,725 42.020 {57,271I (1,260, 142) Net cash used In operatlng actlvltl•s {25,847I (132,239) 21. Analysis of cash and Cash equivalents Group 2024 Group 2023 Cash in hand 32,105 79,353 Total cash and cash equivalents 32,105 79,353 22. Analysls of changes In net debt At1 January 2024 Cash flows At31 December 2024 Cash at bank and in hand Debt due within 1 year 79,353 (350,755) {47.248) 2,883 32,105 (347,872) (271,402) {44,365) (31 S,767) 23. Pension Commltments The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cosl charge represents contributions payable by the Company to the fund and amounted to £52,889 (2023- £46.7881. Contributions totalling £6.950 (2023 - £9.363) wefe payable to the fund al the balance sheet date. Page 28
Docusign Envglope 10.. 80A97CBA-53DC44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 24. Operating lease commltments At 31 Decembér 2024 the Gruuy aiid the Company had commitmentp payments under non-cancellable operating leases as follows.. to mak8 futur8 minimum lease Group 2024 Group 2023 Not later than 1 year Later than 1 year and not later than S years 82,008 105,000 23,952 45,000 187,008 68, 952 25. Related party transactions The Company has taken advantage of the exemption under FRS 102 section 33.1A Related Party Dlsclosures from disclosing transacllons with other wholly owned members of the group. Anthony Thompson, trustee of the Company is also a Dlreclor 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 pursuant to the Australian accounting standards and the United Kingdom accounting standards. On 29 February 2024, the Group joined the Safe Places Australia Limited group. and are therefore exempt Irom disclosing transactions from this date. From 1 January 2024 to 29 February 2024 the Group recognised sales of £54,216 (2023 - £139,432) relating lo the recovery of costs incurred. There are no other related party transactions that require disclosure. 26. Subsidiary Charity The charity controls Safe Places for Children UK by vlrtue of being its only member. Safe Places for Children UK provides residential therapeutic care of high needs children. young adults and disabled people, providing rehabilitation services in addition to the immediate needs of the young people. A summary of the results of the Charity is set out below.. 2024 2023 Income from Charitable Activilies Expenditure on Charitable Adivities 2,204,361 3,615,842 (2,181,070) (2,017.521) Net Incomel (expenditure) for thè yèar 23,291 1,598,321 Assets Liabilities 480,090 1213,289 514,071 (270.561) Net assets l (liabilities) 266,801 243,510 Page 29
L)ocusign Envelope IO.. 8DA97C8A43DC44EC-A574-36AE7F8EAA38 SAFE PLACES FOR CHILDREN SECRETARIAT (A company Ilmlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 27. Controlling party Safe Places for Children Secretarlat Is a Company limited by guarantee and accordingly does not have share capital. Every member of the charilable Company undertakes to contribute such amount as may be 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 within one year after he or she ¢ease5 to be a member. On 29 February 2024 the ultimate controllling party became Safe Places Australia Limited following an amendment to Safe Places for Children Secretariat's articl8s of association by special resolution. Consolidated financial statements are prepared by Safe Places Australia Limit8d, a copy of which is availabl8 from Level 19, 241 Adelaide Street. Brisbane QLD 4000. Page 30