**Charity number: 1177106** 

## **THE ACTORS' CHILDREN'S TRUST** 

## **UNAUDITED** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 MARCH 2025** 



## **THE ACTORS' CHILDREN'S TRUST** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 10|
|**Trustees' responsibilities statement**|11|
|**Independent examiner's report**|12 - 14|
|**Statement of financial activities**|15|
|**Balance sheet**|16|
|**Notes to the financial statements**|17 - 34|





## **THE ACTORS' CHILDREN'S TRUST** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025** 

|**Trustees**|Genevieve Allenbury, Trustee|
|---|---|
||Rakie Ayola, Trustee (retired 30 November 2024)|
||Annie Campbell, Trustee (appointed 12 August 2025)|
||Rebecca Crankshaw, Trustee|
||James Curtis, Trustee|
||Buffy Davis, Trustee|
||Lee Dean, Trustee|
||Alasdair Evans, Trustee (appointed 11 June 2024)|
||Jane Foy, Trustee (resigned 31 May 2025)|
||Myette Francis Whalley, Trustee|
||Daniel Hill, Trustee (appointed 19 November 2024)|
||Kate Humphrey|
||Aicha Kossoko, Trustee (resigned 30 November 2024)|
||Sakuntala Ramanee, Trustee (retired 30 November 2024)|
||David Rintoul, Trustee (retired 7 October 2025)|
||Julia Watson, Trustee|
|**Charity registered**<br>**number**<br>1177106<br>**Principal office**<br>11 Garrick Street<br>London<br>WC2E 9AR<br>**Executive Director**<br>Robert Ashby (retired November 2024)<br>**Interim Chief Executive**<br>Maxine Smeaton (appointed December 2024)<br>**Accountants**<br>Haslers<br>Chartered Accountants<br>Old Station Road<br>Loughton<br>Essex<br>IG10 4PL<br>**Bankers**<br>Lloyds Bank plc<br>**Investment Manager**<br>Sarasin & Partners LLP||



Page 1 



## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025** 

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025. 

## **Objectives and activities** 

## **a. Policies and objectives** 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

The CIO’s objects are, for the public benefit: 

- the support of the children of professional actors who are in need by virtue of illness, disability, financial hardship or other disadvantage. 

- Subject to clause 3.1.1, the support of professional actors or their dependants who are in need by virtue of age, illness, disability, financial hardship or other disadvantage. 

## **b. Strategies for achieving objectives** 

## **Strategy** 

ACT is a long-established organisation with a rich history and strong legacy of impact, but we recognise the need to adapt and evolve to meet the changing needs of the children of actors and actors with chilidren. We have therefore embarked on period of a strategic renewal and begun the process of modernising our operations, strengthening our governance and reviewing the ways in which we support the families of acting professionals. 

Our priority is to honour our core mission while ensuring long-term sustainability. We are committing significant investment from our core funds to upgrade our infrastructure, enhance security, embrace digital transformation, and diversify our income streams. We are also committed to ensuring that maximising our impact must remain at the forefront of all our future plans. 

## **Vision, mission and values:** 

- **Vision:** No actor must choose between their career and their family’s well-being. 

- **Mission:** Reducing the risk of family crises by providing resources, support and financial stability to the children of actors and actors with children – thereby fostering a more inclusive, representative, and authentic dramatic arts community. 

- **Values:** Empathy, respect, inclusion, flexibility, straightforwardness. 

Page 2 



## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

## **c. Grant-making policies** 

Grants are made at the Trustees’ discretion in accordance with ACT’s charitable objects and strategy. Applications are welcomed at all times. Eligibility criteria and the parameters for different types of grants are set and reviewed by the Trustees. Requests that fall outside the agreed parameters are brought to a Trustees’ meeting for decision. 

## **Finance:** 

- Families should have had a household gross income under £35,000 (last year £45,000) in the last 12 months (not including up to £6,000 of general savings, children’s savings, or money specifically set aside to pay HMRC). 

- A parent doesn’t need to be receiving benefits or to have applied for them. 

- ACT supports working families as well as those unable to work. 

- Parents who own second properties are not usually eligible. 

## **Children:** 

- Must live in the UK or be in the UK during ACT’s funding, or be a British citizen accompanying an actorparent who is working as an actor overseas. 

- Birth to age 18: regular grants and support from ACT grants – but ACT doesn’t pay private school fees or most legal costs. 

- Age 18+: ACT student and apprentice start-up grants. 

- 18 to 26: support for young adults with additional needs who are dependent on a parent. 

- May be fostered, adopted or stepchildren. 

- May be the children of a deceased actor-parent. 

- Need not be currently in the care of their actor-parent. 

## **Actor-Parents:** 

- May normally live overseas or have built their career internationally. 

- Need not be a British citizen. 

- Will have had at least one paid acting job per year for more than half of their professionally active years or, have recently returned to acting after a gap, and gained at least one paid acting job in 2 of the previous 3 years or, be a recent graduate (acting or musical theatre) or be returning after a gap with an offer of paid acting work. 

- ACT will tailor grants according to the family situation or career path. For example, sometimes ACT will set an initial limit on grants until a parent has generated further work. 

## **Professional acting work:** 

The Trustees understand that careers take different paths and most actors must supplement their income from other types of work, especially if they become parents. However, for ACT eligibility we look on their CV for paid jobs where they’ve been booked as a professional actor. ACT does not include unpaid work or work in other fields, for example concert performance, choreography, drama teaching, stand-up, presenting, supporting artiste or stunt double work. Spotlight CVs are often suitable, and we will make our decision easily. Sometimes CVs don’t include dates or include work that may be unpaid:  we will ask them for more information to help us decide. 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

## **Continuing funding:** 

- Eligibility, finances and needs will be reviewed at least annually – ACT aims to be flexible and inclusive. 

- The maximum total funding per family is: 

   - £10,000 for families with one child funded by ACT (£12,500 if diagnosed SEND) 

   - £15,000 if two or more children funded by ACT (£17,500 if one child is diagnosed SEND, £20,000 if two or more children are diagnosed SEND). 

- An actor-parent will cease to be eligible if they have re-trained and chosen to leave the acting profession. 

- As time passes, an actor-parent will cease to be eligible if the majority of their working career no longer contains paid acting work, unless this is because they have become unable to act because of illness or disability or parental/caring responsibilities. 

- If an actor-parent dies while eligible for funding, their children will continue to receive funding until 18 or 26 as appropriate, and according to their needs and household finances. 

- A family will normally cease to be eligible whenever their gross household income (plus general savings above £6,000) are more than £35,000 per year (last year £45,000), but families may return to ACT if their finances change. 

- If a family does not respond to requests for contact with ACT, their funding will cease. 

## **Framework for the level of grants:** 

- ACT does not fund private school fees or legal fees. 

- Trustees will be consulted about unusual grant requests including any significantly higher than normal funding levels. 

- Support for crisis situations will primarily be sought from other charities unless specifically for children’s costs. 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

## **d. Main activities undertaken to further the Charity's purposes for the public benefit** 

## **Public benefit** 

The Trustees have noted the Charity Commission’s guidance on public benefit as part of their annual audit. 

The charity’s “public” is the community of professional actors and their children. Eligibility for assistance is therefore primarily on the grounds of parental profession. No professionally eligible client has yet been turned away by ACT unless the family is over ACT’s income limit or has second properties or substantial general savings. Where an applicant is not professionally eligible for ACT, the staff aim to signpost other sources of funding and information and, with consent, assist in referral to other performing arts funds. 

After releasing significant extra funds during the Covid pandemic and its aftermath, when actors’ children faced extraordinary hardship, ACT has now successfully returned to a sustainable number of beneficiaries and a sustainable level of grant-making, and awarded 1235 grants last year. 

## **Grants and their impact** 

Grant-making is the main way ACT furthers its charitable objects and achieves public benefit and impact. All grants are to benefit actors’ children. Grants totalled £352,681. 

The main areas of grant-making in 2024-25 are detailed in the table below: 

|**Category**|**% of Total**|
|---|---|
|Activities|46%|
|Childcare|17%|
|School Extras|16%|
|SEND support|11%|
|Miscellaneous|3%|
|Crisis|3%|
|New baby|3%|
|Working away|2%|
|Moving home|2%|
|Clothing|<1%|
|Homeware|<1%|



## **Information and advice and its impact** 

During the year the Head of Family Support and Executive Director handled a broad range of signposting, information-giving and advice work. The Head of Family Support managed sustained casework for a number of families, mostly involving children’s additional needs and education. 

Topics included childcare (in all its many and complex aspects, including accessing statutory support), education, special education support throughout the UK, finance, parenting and family relationships, work and careers, domestic abuse and safeguarding, bereavement support, housing, health and disability. Straightforward emotional support and “being there” was welcomed and praised by a significant number of families. 

Many actor-parents felt more able to raise concerns with ACT because of our mutual relationship of trust and openness. ACT’s careful referrals to specialist support were heeded in every case, alongside report backs to ACT. 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

## **Equality, Diversity & Inclusion** 

ACT has continued to prioritise Diversity and Inclusion in its work, including as a standing item on the agenda of monthly Trustees’ meetings. 

A significant number of ACT’s beneficiary children and students have additional needs, special educational needs or sensory disabilities. Some are looked-after children. Many live in single parent families. ACT funds lesbian, gay, bisexual and transgender/non-binary young people and parent. 

## **Safeguarding** 

ACT has reviewed its safeguarding policy and procedures during the year and Buffy Davis was re-appointed the designated Trustee for Safeguarding, with Julia Watson as her deputy. 

ACT has a legal obligation to safeguard all children and adults at risk within ACT’s sphere of operation, and failure to report immediately any disclosures or suspicions of abuse may result in legal or disciplinary action. 

ACT believes that the welfare of children and families is essential to ACT’s existence and function. ACT believes that everyone has the right to be protected from abuse. Any allegation of abuse against a child or adult in contact with ACT will be treated seriously and handled swiftly, carefully and according to ACT’s policies and procedures. 

Staff and Trustees have had no direct contact with children.  If staff are required to have direct contact, it will always be in the presence of a parent, carer or school employee. ACT works mainly with parents, some of whom are adults at risk. Concerns about child protection are likely to be indirect, and safeguarding concerns about adults at risk would likely to be more frequent.  It is the responsibility of every employee, volunteer and Trustee to understand and act upon their duty to report safeguarding concerns. ACT – as a charitably incorporated organisation – also has a duty of care to its employees and volunteers, including Trustees, and pays particular attention to the needs of those who are lone working. 

ACT recognises that investigation of allegations of abuse rests properly with the statutory authorities, including police and children’s services. ACT will therefore never seek to open its own investigation other than an investigation into ACT’s own actions and responses. ACT will at all times share information as required by current good practice in safeguarding and data protection. 

The Trustees are also concerned to safeguard ACT’s staff and volunteers, paying particular regard to lone working and visits to beneficiaries’ homes, schools or other settings. 

## **Achievements and performance** 

## **a. Main achievements of the Charity** 

## **Fundraising performance** 

Once again ACT’s only active paid fundraising in the year consisted of a Golden Bond for the London Marathon, and an advert in the Law Society’s legacy directory of charities. ACT used the JustGiving and Enthuse online donation services and subscribed to Smee & Ford’s legacy notifications. 

We were in receipt of two legacies this year.  We are sincerely thankful to those who have chosen to support our work through gifts in their wills. Legacies help us build a better future and continue making a difference for those we serve 

Donations totalled £59,732 including Gift Aid. The Trustees had aimed to raise £150,000 but found the postpandemic fundraising climate to be extremely tough. ACT has therefore begun in 2025 a rigorous review of its fundraising strategy and tactics. 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Achievements and performance (continued)** 

## **Investment performance against investment objectives** 

ACT’s investment income was £153,741 (2024: £126,105). 

ACT also continued to raise money from the main Climate Active Fund, transferring it to ACT’s liquidity fund, thereby providing a less volatile source of drawdowns.The Trustees drew £480,000 down in this year (£330,000 in 2024). In the year to 31 March 2026, ACT aims to fundraise such that the Trustees only draw down £240,000. 

The Trustees’ investment objective to support all reasonable and eligible funding requests was met, and ACT’s free reserves continued to lie within or just above the planned range of the charity’s reserves policy. 

The Actors Children's Trust & The Emile Littler Fund This is long-term deposit with the investment objective to protect the real value of the capital over time whilst also achieving a reasonable level of current income. Consequently, the money is invested across a range of asset classes with a strong bias to "real" assets like equities. Originally this strategy was implemented through the Sarasin Endowments Fund (formerly the 'Alpha CIF for Endowments').  The detailed investment objective of the Fund is as follows: "To achieve long-term capital and income growth. This is achieved with a broadly diversified global portfolio covering the world’s principal stock, bond and currency markets, together with investments in “alternative” assets such as property and hedge funds. The equity content will be diversified by both geography and major investment themes." The Fund will operate an ethical policy, as follows: • No investment in companies with 5% or more of their turnover involved in the mining of thermal coal or tar sands • Zero tolerance on tobacco production and manufacturing of tobacco related products • No investment in companies that generate significant turnover from the manufacture of arms, alcohol, gambling and pornography Performance is to be assessed against the return of the bespoke benchmark used by the Climate Active Endowments Fund and over the longer term, compared to the returns from the ARC Steady Growth Charity Peer Group. 

The Trustees interviewed the Sarasin team in 2024 and decided to continue Sarasin and Partners appointment as investment manager, with the next programmed review in 2026. 

In accordance with the Charity SORP (FRS 102), valuations of the charity’s investments are made using bid prices rather than mid prices. 

## **Financial review** 

## **a. Going concern** 

The charity ended the year with a 6% decrease in the value of its balance sheet from £4,927,276 to £4,619,917. Expenditure on charitable activities decreased by 11%, in line with the Trustee’s return to sustainable grantmaking. 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **b. Reserves policy** 

The Trustees consider it in the charity’s best interests to hold a high level of free reserves alongside the small endowed fund, in order to supplement voluntary income and enable ACT to have long-term stability. The charity helps most of its beneficiary children over a number of years. Therefore sustained and reasonably predictable levels of income are important to meet the charity’s commitments, together with access to additional sums to be 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

drawn down from capital when need exceeds actual income. The Trustees are mindful that they must meet the needs of actors’ children today while also retaining funds for a reasonable period such that continuing generations may benefit from the charity. 

ACT therefore aims to hold free reserves in the region of £5,000,000. 

ACT’s free reserves were valued at £4.1 million at year end. The Trustees have reduced the monthly drawdown from capital to £20,000 and initiated fundraising for new income streams, principally in 2025 from trusts and foundations. 

## **c. Principal risks and uncertainties** 

The Trustees have reviewed the risks facing ACT and their strategy for managing these risks, guided by the Charity Commission’s CC26 and reporting in that format. Trustees paid particular attention to ACT’s reputation, beneficiaries’ and applicants’ experience of ACT, staffing issues and succession planning, the office and facilities, financial issues, commercial issues, organisational issues and risks arising from information, data and I.T.  A full risk register continues to be maintained and reviewed. 

The Trustees reviewed safeguarding policies and procedures. Safeguarding is a standing item on every monthly board agenda. The charity does not work directly with children but still views safeguarding as an essential and positive consideration for ACT’s work, and in connnection with every person who interacts with ACT for whatever reason. 

## **Factors likely to affect the financial position going forward** 

The charity’s financial resources are managed to maximise ACT’s stability while meeting all eligible and reasonable funding requests from families. The Trustees welcomed continuing clarity and relevance in Sarasin’s forecast of trends, risks and opportunities. 

## **Principal funding sources** 

Investment income and drawdown from capital are the most significant sources of funding for ACT. The Trustees are mindful of the need to increase fundraising and diversify income streams: this is a priority in 20252026. 

Income generated by the Education Restricted Endowment Fund must be applied to higher education grants, but all other income is for application at the Trustees’ discretion to further ACT’s strategy. 

## **Pensions** 

The charity uses NEST for its auto-enrolment scheme, which is a money purchase pension scheme. ACT contributed 3% alongside employees’ 5% contribution.  All eligible employees were enrolled. 

## **Environmental, Social, Governance & Ethical considerations** 

ACT’s investments are mostly held in the Alpha Climate Active Fund CAIF managed by Sarasin and Partners with a rigorous approach to responsible stewardship.  Sarasin states:  “As long-term investors we believe it is critical to take a holistic view of the underlying financial performance of a company and its sustainability: as we look a decade ahead, the impact of a company on the environment and society matters in our evaluation of its investment prospects. We also consider very carefully the potential impact of a wide variety of trends ranging from climate change to labour conditions and resource scarcity as an integral part of our thematic investment approach.” 

The Trustees have also paid particular attention to Sarasin’s active engagement with companies where it states, “Investors in companies have an important shared responsibility in holding the board and company executives to 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

account for the performance of the business. On behalf of our clients we closely monitor investee companies and engage with management on issues of concern relating to corporate governance, capital structure and strategy. We carefully vote on matters put to shareholders. Poor governance can adversely affect the returns for investors and – equally – good stewardship can lead to better returns.” 

The Trustees believe it is important to include social, environmental and ethical considerations because the charity is precisely about shaping children’s lives now so that they can maximise their potential in the future, hence, also, ACT’s continuing investment in the Climate Active Fund. 

## **Year end fund values** 

|The fund values at year end were:||
|---|---|
|Unrestricted|4,133,384|
|Restricted|16,059|
|Restricted Endowment|470,474|



## **Structure, governance and management** 

## **a. Constitution** 

The Actors' Children's Trust is a registered charity, number 1177106, and is constituted under a Trust deed. 

ACT was originally founded as the Actors’ Orphanage Fund in 1896, then established by a Declaration of Trust dated 1[st] June 1912. After dissolution of the Trust the charity became a membership association called The Actors’ Charitable Trust, TACT, on 2[nd] July 1998 until the AGM on 2[nd] November 2012 when the present name and governing instrument were adopted 

On 1[st] April 2018 the Trust’s assets and liabilities were transferred to a new CIO, The Actors’ Children’s Trust, registered number 1177106 in England and Wales, which operated from 1 April. The Education Restricted Endowment Fund was also transferred with the CIO becoming its corporate trustee. 

## **b. Methods of appointment or election of Trustees** 

## **Recruitment, appointment and training of new Trustees** 

Trustees must be members of ACT and be nominated by another member of ACT. Induction training includes the Charity Commission publications on trusteeship and use of the checklist of financial controls and procedures, information provided by the investment manager Sarasin, and bespoke training, particularly on safeguarding. Policies continued to be reviewed annually by the board, and ACT’s website includes a Trustees’ resource area **.** 

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. 

## **c. Organisational structure and decision-making policies** 

ACT has a straightforward structure. Its members elect a board of up to 15 Trustees who govern the charity and manage the Executive Director and staff. There is simply a board of Trustees, with no sub-committees. Ad hoc working parties tackle particular tasks or issues. ACT has no branches or affiliated regional groups. 

## **Decision making** 

All matters of governance are decided by the Trustees as a board. The professional eligibility of all new beneficiary actor-parents is agreed by a rotating panel of Trustees who declare a conflict of interest whenever 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Structure, governance and management (continued)** 

appropriate. Support for families is reviewed at least annually by the staff team, who pay grants throughout the year within clear parameters set by the board. 

## **Staff pay** 

Staff pay is reviewed annually and cost of living increases are awarded when the Trustees consider it appropriate. Job descriptions are reviewed as part of annual appraisals. 

## **Key management** 

The charity in not empowered to remunerate Trustees. The only paid senior management personnel is the Executive Director, whose salary is reviewed annually by the Trustees against indices of the cost of living. 

## **“Acting For Others”** 

ACT was a founder member of the umbrella group, the Combined Theatrical Charities Appeals Council, led by Sir Noël Coward and later by Lord Attenborough, now constitutued as the CIO “Acting For Others.” ACT and other members receive disbursements but pay no subscription for membership.  ACT is unique as a member in its focus on children. There has thus been no restriction or effect on ACT’s policies and activities, while our work has received considerable publicity through Acting for Others. 

## **Working with other charities** 

ACT is pleased to work with a wide range of charities in the live and recorded arts and shares funding for a number of families. During the year there were no problems of coordination or information sharing. ACT ensures beneficiaries give specific permission for their information to be extended to any new charity partner.  ACT staff collaborate on specific projects across the sector. 

## **Statement as to disclosure of information to the Independent Examiner** 

The Trustees who held office on the date of approval of this report and financial statements confirm that, as far as they know, there is no relevant information of which the Independent Examiner is unaware.  The Trustees confirm that they have taken all necessary steps to make themselves aware of any relevant information and to establish that it has been communicated to the Independent Exa 

Approved by order of the members of the board of Trustees on 9 December 2025 and signed on their behalf by: 

## **Rebecca Crankshaw** 

(Acting Chair of Trustees) 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025** 

The Trustees 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). 

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 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 Charity will continue in business. 

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

Approved by order of the members of the board of Trustees on 9 November 2025 and signed on its behalf by: 

## **Rebecca Crankshaw** 

(Acting Chair of Trustees) 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025** 

## **Independent Examiner's Report to the Trustees of The Actors' Children's Trust ('the Charity')** 

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. 

## **Responsibilities and Basis of Report** 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

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**THE ACTORS' CHILDREN'S TRUST** 

## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Independent Examiner's Statement** 

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

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

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 

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

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Signed: 

Dated: 

Laura Ambrose BA (Hons) FCA 

Haslers, Old Station Road, Loughton, Essex, IG10 4PL 

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## **THE ACTORS' CHILDREN'S TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

|**Note**<br>**Income and**<br>**endowments from:**<br>Donations and legacies<br>4<br>Investments<br>5<br>**Total income and**<br>**endowments**<br>**Expenditure on:**<br>Raising funds<br>6<br>Charitable activities<br>8<br>**Total expenditure**<br>**Net movement in**<br>**funds before other**<br>**recognised**<br>**gains/(losses)**<br>**Other recognised**<br>**gains/(losses):**<br>Gains on revaluation of<br>fixed assets<br>**Net movement in**<br>**funds**<br>**Reconciliation of**<br>**funds:**<br>Total funds brought<br>forward<br>Net movement in funds<br>**Total funds carried**<br>**forward**|**Endowment**<br>**funds**<br>**2025**<br>**£**<br>**-**<br>**-**<br>**-**<br>**(1,115)**<br>**-**<br>**(1,115)**<br>**1,115**<br>**3,336**<br>**4,451**<br>**466,023**<br>**4,451**<br>**470,474**|**Restricted**<br>**funds**<br>**2025**<br>**£**<br>**-**<br>**11,812**<br>**11,812**<br>**-**<br>**8,000**<br>**8,000**<br>**3,812**<br>**-**<br>**3,812**<br>**12,247**<br>**3,812**<br>**16,059**|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**76,198**<br>**141,929**<br>**218,127**<br>**48,343**<br>**518,760**<br>**567,103**<br>**(348,976)**<br>**33,354**<br>**(315,622)**<br>**4,449,006**<br>**(315,622)**<br>**4,133,384**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**76,198**<br>**153,741**<br>**229,939**<br>**47,228**<br>**526,760**<br>**573,988**<br>**(344,049)**<br>**36,690**<br>**(307,359)**<br>**4,927,276**<br>**(307,359)**<br>**4,619,917**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_91,341_<br>_126,105_<br>_217,446_<br>_26,746_<br>_581,959_<br>_608,705_<br>_(391,259)_<br>_367,948_<br>_(23,311)_<br>_4,950,587_<br>_(23,311)_<br>_4,927,276_|
|---|---|---|---|---|---|



The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 17 to 34 form part of these financial statements. 

Page 15 



## **THE ACTORS' CHILDREN'S TRUST** 

## **BALANCE SHEET AS AT 31 MARCH 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>13<br>Investments<br>14<br>**Current assets**<br>Debtors<br>15<br>Investments<br>16<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>17<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension asset**<br>**Total net assets**<br>**Charity funds**<br>Endowment funds<br>18<br>Restricted funds<br>18<br>Unrestricted funds<br>18<br>**Total funds**|**2025**<br>**£**<br>**18,798**<br>**110,201**<br>**120,023**<br>**249,022**<br>**(46,571)**|**2025**<br>**£**<br>**877**<br>**4,416,589**<br>**4,417,466**<br>**202,451**<br>**4,619,917**<br>**4,619,917**<br>**4,619,917**<br>**470,474**<br>**16,059**<br>**4,133,384**<br>**4,619,917**|_2024_<br>_£_<br>_8,233_<br>_249,414_<br>_70,051_<br>_327,698_<br>_(5,014)_|_2024_<br>_£_<br>_-_<br>_4,604,592_|
|---|---|---|---|---|
|||||_4,604,592_<br>_322,684_|
|||||_4,927,276_|
|||||_4,927,276_|
||||||
|||||_4,927,276_|
|||||_466,023_<br>_12,247_<br>_4,449,006_|
||||||
|||||_4,927,276_|



The financial statements were approved and authorised for issue by the Trustees on 09 November 2025 and signed on their behalf by: 

## **Rebecca Crankshaw** 

(Acting Chair of Trustees) 

The notes on pages 17 to 34 form part of these financial statements. 

Page 16 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **1. General information** 

The Actors’ Children’s Trust (ACT) is a CIO governed by members, who elect the Trustees. The address of the Charity’s registered office is 11 Garrick Street, London WC2E 9ART. The charity's registered number is 1177106. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The Actors' Children's Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Income** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

Page 17 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **2. Accounting policies (continued)** 

## **2.3 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 involved in undertaking each activity. Direct costs attributable to 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 with the use 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 raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.4 Taxation** 

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 

## **2.5 Tangible fixed assets and depreciation** 

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic 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 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 measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. 

Depreciation is provided on the following basis: 

- Office equipment 4 year straight line basis 

Page 18 



## **THE ACTORS' CHILDREN'S TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **2. Accounting policies (continued)** 

## **2.6 Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. 

## **2.7 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. 

## **2.8 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **2.9 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, 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. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.10 Fund accounting** 

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. 

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

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

Investment income, gains and losses are allocated to the appropriate fund. 

Page 19 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **3. Critical accounting estimates and areas of judgement** 

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

Critical accounting estimates and assumptions: 

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. 

Page 20 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **4. Income from donations and legacies** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Donations<br>43,732<br>Legacies<br>16,466<br>Grants<br>16,000<br>76,198<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>Donations<br>_91,341_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**43,732**<br>**16,466**<br>**16,000**|
|---|---|
||**76,198**|
||_Total_<br>_funds_<br>_2024_<br>_£_<br>_91,341_|



## **5. Investment income** 

|Income from local listed investments<br>Income from local listed investments|**Restricted**<br>**funds**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**£**<br>11,812<br>141,929<br>_Restricted_<br>_funds_<br>_2024_<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_£_<br>_11,809_<br>_114,296_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**153,741**|
|---|---|---|
|||_Total_<br>_funds_<br>_2024_<br>_£_<br>_126,105_|



Page 21 



**THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **6. Expenditure on raising funds** 

## **Fundraising trading expenses** 

|London Marathon, Justgiving, Law Society Gazette &<br>Barclaycard.<br>Investment manager's net fees.|**Endowment**<br>**funds**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**£**<br>-<br>17,820<br>(1,115)<br>30,523<br>(1,115)<br>48,343|**Total**<br>**funds**<br>**2025**<br>**£**<br>**17,820**<br>**29,408**|
|---|---|---|
|||**47,228**|



## **Fundraising trading expenses (continued)** 

|London Marathon, Justgiving, Law Society Gazette &<br>Barclaycard.<br>Investment manager's net fees.|_Endowment_<br>_funds_<br>_2024_<br>_£_<br>_-_<br>_3,320_<br>_3,320_|_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_2,214_<br>_21,212_<br>_23,426_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_2,214_<br>_24,532_|
|---|---|---|---|
||||_26,746_|



ACT's investment manager, Sarasin & Partners, applied rebates to the gross fees. The net balance of the charges and rebates is shown above. 

## **7. Analysis of grants** 

||**Grants to**|**Total**|
|---|---|---|
||**Individuals**|**funds**|
||**2025**|**2025**|
||**£**|**£**|
|Grants to individuals|352,681|**352,681**|



Page 22 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **7. Analysis of grants (continued)** 

||_Grants to_|_Total_|
|---|---|---|
||_Individuals_|_funds_|
||_2024_|_2024_|
||_£_|_£_|
|Grants to individuals|_396,046_|_396,046_|



## **8. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|Charitable: grants<br>Charitable: staff costs<br>Support costs<br>Charitable: grants<br>Charitable: staff costs<br>Support costs|**Restricted**<br>**funds**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**£**<br>8,000<br>344,681<br>-<br>104,396<br>-<br>69,683<br>8,000<br>518,760<br>_Restricted_<br>_funds_<br>_2024_<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_£_<br>_6,000_<br>_390,046_<br>_-_<br>_120,728_<br>_-_<br>_65,185_<br>_6,000_<br>_575,959_|**Total**<br>**2025**<br>**£**<br>**352,681**<br>**104,396**<br>**69,683**|
|---|---|---|
|||**526,760**|
|||_Total_<br>_2024_<br>_£_<br>_396,046_<br>_120,728_<br>_65,185_|
|||_581,959_|



Page 23 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **9. Analysis of expenditure by activities** 

|Charitable: grants<br>Charitable: staff costs<br>Support costs<br>Charitable: grants<br>Charitable: staff costs<br>Support costs|**Activities**<br>**undertaken**<br>**directly**<br>**2025**<br>**£**<br>-<br>104,396<br>-<br>104,396<br>_Activities_<br>_undertaken_<br>_directly_<br>_2024_<br>_£_<br>_-_<br>_120,728_<br>_-_<br>_120,728_|**Grant**<br>**funding of**<br>**activities**<br>**2025**<br>**£**<br>352,681<br>-<br>-<br>352,681<br>_Grant_<br>_funding of_<br>_activities_<br>_2024_<br>_£_<br>_396,046_<br>_-_<br>_-_<br>_396,046_|**Support**<br>**costs**<br>**2025**<br>**£**<br>-<br>-<br>69,683<br>69,683<br>_Support_<br>_costs_<br>_2024_<br>_£_<br>_-_<br>_-_<br>_65,185_<br>_65,185_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**352,681**<br>**104,396**<br>**69,683**|
|---|---|---|---|---|
|||||**526,760**|
|||||_Total_<br>_funds_<br>_2024_<br>_£_<br>_396,046_<br>_120,728_<br>_65,185_|
|||||_581,959_|



Page 24 



**THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **9. Analysis of expenditure by activities (continued)** 

## **Analysis of support costs** 

|Rent and rates<br>Electricity<br>General office expenses<br>Accountancy fees<br>Professional fees<br>IT costs<br>AGM costs<br>Advertising costs<br>Insurance<br>Depreciation<br>Bank charges<br>Rent and rates<br>Electricity<br>General office expenses<br>Accountancy fees<br>Professional fees<br>IT costs<br>AGM costs<br>Advertising costs<br>Insurance<br>Bank charges|**Support**<br>**costs**<br>**2025**<br>**£**<br>26,670<br>539<br>9,989<br>10,782<br>2,150<br>8,832<br>6,261<br>740<br>2,538<br>292<br>890<br>69,683<br>_Support_<br>_costs_<br>_2024_<br>_£_<br>_32,408_<br>_517_<br>_5,500_<br>_4,014_<br>_3,953_<br>_9,715_<br>_6,024_<br>_365_<br>_1,847_<br>_842_<br>_65,185_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**26,670**<br>**539**<br>**9,989**<br>**10,782**<br>**2,150**<br>**8,832**<br>**6,261**<br>**740**<br>**2,538**<br>**292**<br>**890**|
|---|---|---|
|||**69,683**|
|||_Total_<br>_funds_<br>_2024_<br>_£_<br>_32,408_<br>_517_<br>_5,500_<br>_4,014_<br>_3,953_<br>_9,715_<br>_6,024_<br>_365_<br>_1,847_<br>_842_|
|||_65,185_|



Page 25 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **10. Independent examiner's remuneration** 

The independent examiner's remuneration amounts to an independent examiner fee of £3,300 _(2024 - £3,000)_ , and accounts preparation fees of £2,670 ( _2024_ - _£ -_ ). 

## **11. Staff costs** 

|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**2025**<br>**£**<br>**96,619**<br>**5,101**<br>**2,676**<br>**104,396**|_2024_<br>_£_<br>_110,693_<br>_6,940_<br>_3,095_|
|---|---|---|
||||
|||_120,728_|



The average number of persons employed by the Charity during the year was as follows: 

||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Number of staff|**3**|_3_|



The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 

|||**2025**|_2024_|
|---|---|---|---|
|||**No.**|_No._|
|In the band £60,001|- £70,000|**-**|_1_|



## **12. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . 

During the year ended 31 March 2025, no Trustee expenses have been incurred _(2024 - £257)_ . 

Page 26 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **13. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 April 2024<br>Additions<br>At 31 March 2025<br>**Depreciation**<br>At 1 April 2024<br>Charge for the year<br>At 31 March 2025<br>**Net book value**<br>At 31 March 2025<br>_At 31 March 2024_|**Office**<br>**equipment**<br>**£**<br>**8,409**<br>**1,169**|
|---|---|
||**9,578**|
||**8,409**<br>**292**|
||**8,701**|
||**877**|
||_-_|



Page 27 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **14. Fixed asset investments** 

|**Cost or valuation**<br>At 1 April 2024<br>Additions<br>Disposals<br>Revaluations<br>At 31 March 2025<br>**Net book value**<br>At 31 March 2025<br>_At 31 March 2024_<br>**15.**<br>**Debtors**<br>**Due within one year**<br>Other debtors<br>Prepayments and accrued income<br>**16.**<br>**Current asset investments**<br>Unlisted investments|**2025**<br>**£**<br>**6,711**<br>**12,087**<br>**18,798**<br>**2025**<br>**£**<br>**110,201**|**Listed**<br>**investments**<br>**£**<br>**4,604,588**<br>**5,311**<br>**(230,000)**<br>**36,690**<br>**4,416,589**<br>**4,416,589**<br>_4,604,588_<br>_2024_<br>_£_<br>_8,233_<br>_-_<br>_8,233_<br>_2024_<br>_£_<br>_249,414_|
|---|---|---|



Page 28 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **17. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Other taxation and social security<br>Other creditors<br>Accruals|**2025**<br>**£**<br>**13,276**<br>**10,187**<br>**-**<br>**23,108**<br>**46,571**|_2024_<br>_£_<br>_-_<br>_-_<br>_370_<br>_4,644_|
|---|---|---|
||||
|||_5,014_|



Page 29 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **18. Statement of funds** 

## **Statement of funds - current year** 

|**Unrestricted**<br>**funds**<br>Desginated<br>Income Fund<br>General Fund<br>**Total**<br>**Unrestricted**<br>**funds**<br>**Endowment**<br>**funds**<br>Education<br>Restricted<br>Endowment<br>Fund<br>**Restricted**<br>**funds**<br>Education<br>Restricted Fund<br>**Total of funds**|**Balance at 1**<br>**April 2024**<br>**£**<br>**4,387,983**<br>**61,023**<br>**4,449,006**<br>**466,023**<br>**12,247**<br>**4,927,276**|**Income**<br>**£**<br>**141,929**<br>**76,198**<br>**218,127**<br>**-**<br>**11,812**<br>**229,939**|**Expenditure**<br>**£**<br>**(30,523)**<br>**(536,580)**<br>**(567,103)**<br>**1,115**<br>**(8,000)**<br>**(573,988)**|**Transfers**<br>**in/out**<br>**£**<br>**(476,423)**<br>**476,423**<br>**-**<br>**-**<br>**-**<br>**-**|**Gains/**<br>**(Losses)**<br>**£**<br>**33,354**<br>**-**<br>**33,354**<br>**3,336**<br>**-**<br>**36,690**|**Balance at**<br>**31 March**<br>**2025**<br>**£**<br>**4,056,320**|
|---|---|---|---|---|---|---|
|||||||**77,064**|
|||||||**4,133,384**|
|||||||**470,474**|
|||||||**16,059**|
|||||||**4,619,917**|



The Resicted Endowment Fund holds the restricted investments which are managed by Sarasin and Partners. 

The Education Restricted Fund holds the income from the Education Restricted Endowment Fund to be used for grants for further and higher education. 

The Designated Income Fund holds the investments which are managed by Sarasin and Partners, from which income and capital drawdowns are transferred to the Unrestricted General Fund. 

The Unrestricted General Fund is used to make grants and run the charity. 

Page 30 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **18. Statement of funds (continued)** 

## **Statement of funds - prior year** 

|**Unrestricted**<br>**funds**<br>Designated<br>Funds<br>General Funds<br>**Total**<br>**Unrestricted**<br>**funds**<br>**Endowment**<br>**funds**<br>Endowment<br>Funds<br>**Restricted**<br>**funds**<br>Restricted Funds<br>**Total of funds**|_Balance at_<br>_1 April 2023_<br>_£_<br>_4,408,702_<br>_104,665_<br>_4,513,367_<br>_430,782_<br>_6,438_<br>_4,950,587_|_Income_<br>_£_<br>_114,296_<br>_91,341_<br>_205,637_<br>_-_<br>_11,809_<br>_217,446_|_Expenditure_<br>_£_<br>_(21,212)_<br>_(579,279)_<br>_(600,491)_<br>_(2,214)_<br>_(6,000)_<br>_(608,705)_|_Transfers_<br>_in/out_<br>_£_<br>_(444,296)_<br>_444,296_<br>_-_<br>_-_<br>_-_<br>_-_|_Gains/_<br>_(Losses)_<br>_£_<br>_330,493_<br>_-_<br>_330,493_<br>_37,455_<br>_-_<br>_367,948_|_Balance at_<br>_31 March_<br>_2024_<br>_£_<br>_4,387,983_|
|---|---|---|---|---|---|---|
|||||||_61,023_|
|||||||_4,449,006_|
|||||||_466,023_|
|||||||_12,247_|
|||||||_4,927,276_|



Page 31 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **19. Summary of funds** 

## **Summary of funds - current year** 

|Designated<br>funds<br>General funds<br>Endowment<br>funds<br>Restricted funds|**Balance at 1**<br>**April 2024**<br>**£**<br>**4,387,983**<br>**61,023**<br>**466,023**<br>**12,247**<br>**4,927,276**|**Income**<br>**£**<br>**141,929**<br>**76,198**<br>**-**<br>**11,812**<br>**229,939**<br>_Income_<br>_£_<br>_114,296_<br>_91,341_<br>_-_<br>_11,809_<br>_217,446_|**Expenditure**<br>**£**<br>**(30,523)**<br>**(536,580)**<br>**1,115**<br>**(8,000)**<br>**(573,988)**<br>_Expenditure_<br>_£_<br>_(21,212)_<br>_(579,279)_<br>_(2,214)_<br>_(6,000)_<br>_(608,705)_|**Transfers**<br>**in/out**<br>**£**<br>**(476,423)**<br>**476,423**<br>**-**<br>**-**<br>**-**<br>_Transfers_<br>_in/out_<br>_£_<br>_(444,296)_<br>_444,296_<br>_-_<br>_-_<br>_-_|**Gains/**<br>**(Losses)**<br>**£**<br>**33,354**<br>**-**<br>**3,336**<br>**-**<br>**36,690**<br>_Gains/_<br>_(Losses)_<br>_£_<br>_330,493_<br>_-_<br>_37,455_<br>_-_<br>_367,948_|**Balance at**<br>**31 March**<br>**2025**<br>**£**<br>**4,056,320**<br>**77,064**<br>**470,474**<br>**16,059**|
|---|---|---|---|---|---|---|
|||||||**4,619,917**|
|||||||_Balance at_<br>_31 March_<br>_2024_<br>_£_<br>_4,387,983_<br>_61,023_<br>_466,023_<br>_12,247_|
|**Summary of funds - prior year**|||||||
|Designated<br>funds<br>General funds<br>Endowment<br>funds<br>Restricted funds|_Balance at_<br>_1 April 2023_<br>_£_<br>_4,408,702_<br>_104,665_<br>_430,782_<br>_6,438_<br>_4,950,587_||||||
|||||||_4,927,276_|



Page 32 



## **THE ACTORS' CHILDREN'S TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **20. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|Tangible fixed assets<br>Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|**Endowment**<br>**funds**<br>**2025**<br>**£**<br>-<br>470,474<br>-<br>-<br>470,474|**Restricted**<br>**funds**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**£**<br>-<br>877<br>-<br>3,946,115<br>16,059<br>232,963<br>-<br>(46,571)<br>16,059<br>4,133,384|**Total**<br>**funds**<br>**2025**<br>**£**<br>**877**<br>**4,416,589**<br>**249,022**<br>**(46,571)**|
|---|---|---|---|
||||**4,619,917**|



## **Analysis of net assets between funds - prior year** 

|Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|_Endowment_<br>_funds_<br>_2024_<br>_£_<br>_466,023_<br>_-_<br>_-_<br>_466,023_|_Restricted_<br>_funds_<br>_2024_<br>_£_<br>_-_<br>_12,247_<br>_-_<br>_12,247_|_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_4,138,569_<br>_315,451_<br>_(5,014)_<br>_4,449,006_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_4,604,592_<br>_327,698_<br>_(5,014)_|
|---|---|---|---|---|
|||||_4,927,276_|



## **21. Operating lease commitments** 

At 31 March 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows: 

|Not later than 1 year<br>Later than 1 year and not later than 5 years|**2025**<br>**£**<br>**25,800**<br>**17,200**<br>**43,000**|_2024_<br>_£_<br>_25,800_<br>_38,700_|
|---|---|---|
||||
|||_64,500_|



Page 33 



## **THE ACTORS' CHILDREN'S TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **22. Related party transactions** 

The only related party transactions in the reporting period that require disclosure are Trustees’ and Trustee spouses’ aggregate donations without conditions, totalling £2,450 (2024: £1,354). 

Page 34