Charlty registratlon number 208607
Company registration number 00398875 (England and Wales)
THE CHILDREN'S FAMILYTRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE CHILDREN'S FAMILY TRUST
CONTENTS
Pagg
Trustees report
Independent auditorfs report
14-15
Staternenl of flnan¢ial activities
16-17
Balance sheet
Slalement of cash flows
19
Notes to the financial statements
20-31

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report and financial statements for the year ended 31 December 2023.
The Trustees, who are also Diractors of the charity for the purposes of the Companies Act. submlt their annu81
report and the audited financial ststements for the year ended 31 December 2023. The financial slalemenls comply
with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles ofAssocialion, and AccK)unting
and Reporting by Ch8rities-. Statement of Recommended Practice applicable to charities preparing thelr accounts in
accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS1021.
Objectives and actlvltles
Our objectives-
Established as a Registered Charity in 1945 and op8r81ing 8s a company limited by guarantee. our ststed
objectlV8s, as set out in our governing Mernorandum of Association, are..
1. The relief of children and young persons in need, and in particular those in the caro of. or accomrnodated
by, a Local Authority, by
Providing them with, or otherwise assisting in the provision of, 3 placernent or placements in suitable
accomrnodation and providing them with or assisting in the provision of, appropriate Carers. with the
aim of providing them with 8 Stable family life.
Providing for their edLJcation and estsblishment in life.
2. The reSief of povety and in particular the assistance of adults who h8ve as children been in Loc81 Authority
care.
Our aCti￿tIes.
Our operational work in England is classified as an independent fosterfng agency. The standards appligd by Ofsled
are the primary measures of our success and are in the public domain, as are their Inspection Reports evaluating
the quality of our work.
Overall, our purpose remains to provide a stsble and successful family life for children in the care system with the
aim of preparing tham for successful adulthood. Thè Trust's guiding philosophy is that all children have thè right to
live 'a natural family life.. Predornin8ntly we do this through the provision of foster care. Most of our income derives
frorn the fees we Charge for this service. Traditionally, but not now exclusively, we have sxperience in providing for
sibling groups and perm8n8nt placernent5
rellacted Sn our core values around a 'femily for lif8'. However,
increasingly, we also provide lor children needing short-temi care where we apply the same principles as if those
children were placed on a 'family for lif8. basis.
11 follows that we continue in the Trijst's tra¢tsilion of putting th8 interests of our childr8n first, closely followed by
those of our Carers and stsff.

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Publlc benefit statement-
Local Aulhorits"es have a statutory obligation to Provide foster placements for those children brought into the Slate
care systern and needing lo live away from home. Our work, as a Registered Charity. 15 to provide such placement
opportunities on a Iransparenlly nol-for-profit basis, to do so to the highest professional standards, and to deliver the
best oUt￿meS ID those placed in OUT charge. Our placements are open to all Local Authorities, irrespective of
location, and our matching process meets all professional best practices in endeavoLJring to provide an enduring
placement lor each individual child. As our fees are m8t by Local Authorities, and we are providing care for any
child that they may present and for whorn we are able to affect a suitable match, we work on an entirely indusive
and non-discriminatory basi8 for the public benefit.
Further, we use our charitable resources to extend and enhance our services, and to meet individual needs.
particularty Whe￿ these are for children no longer supported by Ihe publio purse. This is demonstrated by the
TTusI's continuing support of individuals, now adults, who have been in the care of the Tru51 bul who need, from
lirne to time. the support of the Trust through ils Lifetime Carers. This intervention has. in the past, helped prevent
the involvement of the State in the lives of families.
The Trustèes confirm that they have referred lo the guidance ¢ontained in the Charity Commission's gener81
guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Our structure..
As an organisation, the Trust Is governed by the Board of Trustees. We employ full-time executive, administrative
and professional resources, as well as retaining professional advisers suth as legal and audit finns.
As a Registered Charity. the Trust is not a profit-making organisation and no benefit may be derived by its Trustees,
who are also Members of the Trust. A¢Gordingly, we are classified a$ a 'voluntary organisab"on' within the temis of
the Children's Act 1989, sectson 105.
As a charity and 8$ a company lirnited by guarantee, the Trustees, Report and Financjal Statements. and the
Memorandum and Articles of Association are publicly available.
Wg a150 make them available to appropriate and interested parbes, e.g. L¢)cal Authorities. existinglprospective
Foster Carers, childrèn in placement or on request. Th• Articles of Association set out the regulations that govem
the cornpany's intemal affairs.
Apart from the Trustee body being required to meet the appropriate qualifications to act a5 Trustees and Directors,
they and the $18ff of the Tnjst, and the retsined Foster Carers, Foster Carers. own children over the age of sixteeft.
baby-sitters. regular visitors to the Foster Carers, homes, any dornÈstic staff. and thé mèmbèrs of the Fostering
Panel are all subject to the Disclosure and 88rring Service IDBSI checks, fomially referrèd to as Criminal Records
Bureau ICR81 checks. We extend this proeess lo other key workers within supporting organisations e.g. human
resouTces and information technology. Further, Foster Carers are subject to additional checks as part of their BAAF
Fomi F-based selection proces5.
All our professional staff are qualified variously holding CQSWIDiploma in Social Work, Practice Teaching Aw8rds.
and Post-Gr3duate Diplomas in Social Work as well as relevant fiTsI and post gr8duate degreÈs. In addition, the
Trust has engaged, on a sessional basis, further fully qualified and highly skilled professionals to deliver training on
such tOPlCS 8$ Safeguarding, therapeutic approaches, first aid 8nd de-escalation techniques for both Dur staff and
fostering familie5. Al our professional Social Work staff are registéred ￿th Social Work England, the regulatory
body. Several also have experience in working within the private and voluntary sectors. The Social Work teams are
supported by our Head Office stsff, which includes AdTninistration. HR, Marketing and Media and Fiftan￿.
All Foster Carer5 have passed the TDS induction standards. Throughout the y8ar they are expected to attend a
minimum of six mandatory training courses.
In ord8T to remain current in matters affecb.ng the work of the Trust. it has for many years been a member of the
National Council for Voluntary Organisations INCVOI, Children England, The Fostering Ne￿ork, Foster talk and
Coram BAAF IBritish Association for Adoption and Fosleringl. We have also added our voice to FFP (Fairer
F051ering Partnership) which campaigns within the fostering sector on behalf of 'not for profil, fostering agencies as
well as our most recent membership of the National Association of Foslering Providers INAFPI. ThroLJgh
membership of these organizations th8 Trust looks both to leam from developments in good practice relating both lo
govemance and child-care, and to influence the development and Implernent3tion of social policy generally and
childcare policy and provision speGifically.
The Trust is not 8 member of any larger organization nor has affiliate organizations.
The Trust has a policy and procedure to deal with any complaints and aims to secure early resolution of any such
matters. The Trust received no formal complaints in 2023.
Truat•e¥ l R*gl8i•r•d offl¢• •Dd Ch•rfty & D•taiig:
These datails can b8 found in the"Relerence and Administrative Details of The Chariv on page 11.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Pay Pollcy for S¢nlor Staff:
The Trust needs to operate in a ¢ompelitive environment yet balance ils responsibility to be prudent with charitable
monies. The Trust has a Cornpensation Policy and uses Compensation Guidelines that are reviewed regularly and
set out how r( will manage pay for senior staff and 811 othèr employees.
The over-arching prernise is that b8sic sa13ry fanges should meet the Trust Objectives of attracting. retaining and
motivating staff.
The Trust continues to commission the services of an external human resources provider to support our HR
Manager. In setting salary ranges for all roles within the organizalion th8 Trust looks at 3 range or relevant
benchmarks such as location, charity sector, charity income and number of employèes. All proposed salary ranges
are 3gr88d by the Board of Trustees. We have reviewed our pay structure and appraisal process during 2023 and
are confident that we remain competitive In a %'ery saturated market. This rewew was overseen and agreed by our
bo8rd of trustees.
Currently, proposed salary changes by line managers, within the salary range for the role. are signed-off by the
Chief Executive. The Chair of Trustees authorizes changes to the Chief Executive's pay.
Achi8v8ments and performance
Our achlèvoments and p9rfomiance In 2023..
The Trust continued to operate highly effectively throughout the year and as a result now cares for more children
than ever before in its entire historyl The economic climate within which we work has continued to be 'squeezed'
mostly as a result ol the pandemic and the rise in the number Df children corning into care. Howéver, the number ol
childran placed with Dur fostèring families surpassed our KPI'S for 2023 and as a result hgs increased our overall
income. Sevèral of our larger contracts were due lor retender during 2020 but as a result of the pandemic had been
'8xtended' or 'refreshed' until 2022 12023. This situation is gradually changing with several contracts more recenuy
coming up for relender. These substantial uplifts have Contributèd signiflcaniiy io our Income In Ehe pasi year.
We also continue lo gain entry to addillonal contracts, which have supported our expansion plans. These additlonal
SUCC8ssful lender bids including several lo¢a1 authorities within the East Midland5 region including Derfoyshir8,
Nottingharnshire, L8IC8Stershire, NDrthamptonshiTe and Lincolnshire. At the end of 2023 we had 9 approved Foster
f8milies in the Easi Midlands region with another 1 family in assessment.
Recruitment of Foster Carers in all regions continues to prove extremely challenging following the pandernic and
largely as a result of the current economic c1im8te. However, greater focus on marktsting and media strategies
alongside 'refreshing elements of our website has proven worthwhile. Targeted recruitmeni using several social
media platforms is proving lo be successful as il has two purposes, the firsl to raise our profile and the second to
tsrget those individuals from backgrounds with ￿levant experience, space and who are geographically well
positioned to meet the needs of our current contracts. We continue lo rtcruit very high ￿1]bre C¥rers who choose to
foster on a vocational b8sis who have a rnix of skills and experience to provide a varied and diverse range of
placements to Local Authoritie5. Our Fostering Panels are held regionally, and our panel rnembers live locally lo our
regional office5. As we move into 2024 we have 6 farnilles currently in assessment with several enquiries awaiting
feedback.
The number of children we look after remained consistently above 200 throughout 2023 rising and falling on
occasion. It is noticeable that most of the Telerrals we receive across all regions are for children with Considerable
diff5culties who have experienced very traurnalic eady live8. For this reason alone, the calibro, quality and skills of
thB Foster Cgrgr is OXtr¢>mely imptsrtant.

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Key operational events and milestones of the year Includèd:
Ofst8d: All regions are registered with Ofsted and all Registered Managers appropriately experienced and
qualified.
Our North-East Region:
Our North-East region continued ils hiyhly valued work throughout 2023. Placement numbers increase¢J reaching 67
by the yaar end (excluding Stsying Put). This arrangement means that whilst the young person remains living with
their Foster Family the Trusi stops receiving a fDstering fee for the placement. The local authority will, in most cases
financjally support the young person in placement but will not provide the Carer or Trust with any financial support.
This represents the TnJsl with some dilemmas given our eth05 01 'Family for Life.. Many of our Garers r¢main
committed to the young person they care for, but this arrangement can polentially cause them some finanGi81
hardship, particulady if th8y do not have another spare bedroom or a second child in placement. Most the children
placed in the North East are 'family for life. placement5, which tend to be stable and therefore provide 8 steady
income source, which can be relied upon.
Our West Yorkshlro Region
Our West Yorkshire office is now well estsbliohed. The region continued its highly v8lued work throughout 2023.
Placement numbers increased throughout year end and averaged Dut at 40 with many placements remaining stable
8nd on a family for life basis. However. recruitment of new Foster Carers continues to prove challenging with local
authorities in the region offering very Competitive packages to potential Carers as well as the promise of always
having children available to place.
Our West Mldlands Règion:
2023 was a very successful year for the West Midlands office. We recruited 8 new R&gistereU Manager who is
highly skilled in this role and ha5 many years of experi8nce in fostèring. Thè region ¢ontinued its highly valued work
throughout the year and increased the number of chiSdren placed substantially. averaging out at over 79 throughout
the year. The region is exiremely well establlshed and has a highly ski118d staff tèam who provide excellent support
to a highly skilled and experienced group of fost&ring families.
At the end of the year there were 47 approved Carers. Howev&r, several Carers 'Tetired' from fostering alongside
several more ending their fostering ¢areer5 because of poor health or for personal reasons. By the end of the year
there was anothèr 3 prospective Carers in assessment who will be approved throughout 2024. Referrals contlnue to
rise in the region re￿iving an averagtt of 2000 per month.
The West Midlands team continues to operate in a cL)ngested and highly competitive market. However, the Tegion
continues to be a major contributor lo the placements available to Local Authorities across the region.

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Our South-C8ntral Region..
We now have a staff team of 7 in the region including 3 Supervising Social Workers, 1 Principle Social Workar and 2
Administrators and a Registered Manager. The region has Continued lo grow in 8 very 'organic' way with several
Carers coming our way because of 'word of mouth,. The region now has 24 approved Carers with another 1 in
aSse5srnenl and 26 Ghildren in place. The resion continued its highly valued work throughout 2023 under sorne
some very Challenging circumstances regarding recruitment of new foster f8rnilies and rètirèment of several families
in the region. Placement numbers declined as a resu5t of lack of capacity.
The region receives an average Df 500 referrals a month and their profile in the region is well established with local
authorities, this has resulted in local authority placement teams Specifically requesting placements with several our
ca￿r$ in the region. It is worthy of note that this region operates In a fiercely competitive market with over 110 IFA'S
in Hampshiré alonè. This is more than a third ol the IFA'S in the United Kingdoml
The region undenNent a full inspection by Ofsted in January 2024 and was awarded a judgement of "Good"
Our East Midlands Region..
Our East Midlands region 15 still very much in its infancy. However, toward the end of 2023 we have g approved
Carers. There is currently 1 assessment being completed which will be presentèd to in 2024. The region has a full-
lime permanent adrninistralor lo cover the admin and help with the ￿crUItMent for the region. The region also has 1
full time and 1 part time Social Worker alongside 1 Principle Social Worker. During the past year Ihe region has
provided invaluablè support to our bioger regions in the form of sliort break caro for large gibling groups. thus giving
our C8rèrs 8 much-needed bre¥k regularly.
Summary:
Closing placement numbers al 3151 Dacember 2023 wére at approximately 218 Iln¢ludSng some enhancod fees for
solo plaG¢*m&nt¥ fjtc.)
Progr•8s elsewhgr•
Our Head Office continues to provide a myriad of 58rvices and support lo 811 regions. Tha team eomprlses of
several highly skilled professionals including our Head of Service, our HR Manager, OIJT Head of Finance and a
Marketing & Media Officer, these are all 5UPPOrted by several adrnini5traiors.
Our Marketing & Media strategies proved Inv￿luable throughout 2023. The acknowledgement and recognition that
social media 15 wlhout doubt enormou51y Important in order ￿ attract the right type of applicant to fo¥tering has
never been more evident. Raising our profile with local authorities has been key lo our continued reputation as
high-quality provider of place￿entS which is slowly paying off. Initial enquiries fTQrn Potential applicants via our
website and Facebook page continues to increase
We have also made progress in the management of our contracts and in our ability to respond to tendering
opportunities, whi¢h has been 8 collaborative affort betweén Head Officè and Soci81 Work stsff.
Skyrocket h8s grown in reputstion across the sector and one day online courses were delivered during 2023 along
with face to face Registered Manager training courses. There are several rllore courses already planned for 2024.
Skyrocket is shown under Programme Re13ted Snvestment5 Wlthin the 2023 Slatutory Accounts.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnan¢lal rèvl•w
Our fvll results are given in the financial ststem¢nts, later in this r&port.
The overall surplus for the year amounted lo £73,58912022.. £279,663).
Our income continues to come prirnarily from our childrycare provision lo Local Authorilies. With an increase in the
average number Df children placed compared lo the previous year our Loc81 Authority inGome increased by
£319,843 to £8.956,79012022'. £8,636,947) or 3.7 /0 when cOMpa￿d to 2022.
The Trust also provided a mix of Over 18 1 Lifetime Carer support of £84.39912022.. £71,470), which is met out of
charitable donations, investment income and re$eThes.
Our financial asset strength remaTrns prin¢ip8lly in propety.
11 is the policy of the Trust lo hold sufficienl asset$ in cash, or in e8$ily converted forms. to meet its forecast cash
reqU1￿MentS and in order lo fund continuing growth.
Close financi81 controls are in place to ensure that expendittjre is planned and monitored. Decisions on where,
when and how to invest intemally to secure growth remain diffi¢ull judgements in our situation. where long lead-
limes are needed before results can be seen.
Raservos poll¢y:
FTee reserwes, or unrestricted funds excluding designated funds Iwhlch are held as flxed assels}, amounted to
£2,5TI,945 as at 31st December 202312022-. £2,504,356). This represents 3.5 months12022'. 3.5 m¢)nthsl of total
annual unrestricted expenditure excluding designated and restricted expenditure. The charity has a reserves policy
lo accumulate reserves equal to six months of total annual unrestricted expendrturè èxcluding designated and
rostriGled Fxpenditure. AB we corn¢ out tsf the slobBI paMd&mic, tha oharity 18 continulng ta ènsure thèt wp continue
to work with Local Authorities, submit more tend8r$ and increase the placement numbers. We are also Bondnuing to
develop a new region which will bring extr8 incorne. This will no doubt help us ach58ve the reserves that we should
h8V*.
The designated funds of £1.145,571 12022.. £1,145,57118re to rneel costs in TelatSon to our support to Lifetime
Foster Carers.
The Trust lotsks at cash and liquid inveslmentq available to meet its known and planned requitem8nts. As at 31st
December 2023 the Trust had readily realisable cash rtserve5 of £1,50S,922 12022.. £1,002,832) to cover known
and planned requirernenls of £222,80812022.' £234,628). The known and planned rfrquirernents induded. but was
not limited to, the following..
Working capital,
Dilapidation5 on leased offices.
Repairs,
East Midlands office development.
Restrieted funds will be spent in line with funding restrictions.
Invèstment pollcy and p•rfomiance:
Th8 Trust splits its investments to provide f¢r capltal growtn and monihly InrDme to support operatlona vn¥l the tlme
when cash flow becoTnes reliably p051tive on a monthly basts. Details of thes8 investment5 a￿ given in the
Fln8ncial Statements.
Thg Trust will explore options for Investment advice in 2024.
The Trust have assessed the major risks to which it Is expo58d. and are Safjsfied th81 systems arg in place to
mf(igate gxposure to th8 major risks.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Rlsk assessment:
The Trust undertakes a formal Risk Assessment on an annual basis. The Risk Assessment and Risk Register is
updated alongside the 5 Year Business Plan. The 5 Year Busines5 Plan tskes a¢count of risks identified in the Risk
Assessment. Risks are colour coded. Red is critical, Amber is highly important or significant. and Green is minor.
isks are categorised as either Management and Govemance, Operational, Financial or External. Controls are i
plac8 to reduce or eliminate each identified risk. The mitigation of risk is considered on an ongoing basis by key
rnanagement. For example, before any operational changes Dr any developments in activities provided by the Trust,
and, within Senior Management and Registered Management meètings. Any ne¥My identified critscal risks are
flagged up to Trustees either before or at th& next planned trustee meeting.
At Novèmber 2022 the principal risks facing the charity and the strategies to manage them were as follows..
Rlsk
ontrols
he Trust 15 unable to respond to placemen
equests
ommunicate closely with commissioners.
Explain ethos of the Trust as a permanency provider,
Use existing capacity to best effect withou
compromising quality.
uild placement c8pa¢ity.
ork with ¢ornmissioner5 to understand their needs.
0<%5 Authorities stance on Staying Put placernents
Rèview potential impact ovor next 5 ye8rs.
Maintain dialogue with local authoTitr'es concemed,
Lobby government via FFP group,
Review Bud9et % S Ya8r Plan to aamiark potgfttis
rer support,
Look at staff training to meet needs of Staying Put
ver 18 support.
ovemment l Local Authority cuts push down fees
unsustainab5e lfrvels
Review servica provision,
Review 5t8ff utilisation.
Find ways of making savings in delivery,
Reduce central cost base.
Find value suppliers e.g. InsuranGe. IT. HR, etc.,
Review policy ol limiting the number of placements i
ach area
increase placerngnt numbers at lowe
ee,
Co-op8rata with other srnall¢r providers in the s8Ctor,
Support the development of FFP and develo
nftuence in government I local authorities.
Monitor changes lo the number of agoncie
Sector consolidation h3Tm5 small operators
op¥r*ting In tlia satior.
Researeh possible m*rgerlpurcha58 targets.
Get to critical mass and maintaln placem
numbers.
Compete on fee rates and foster Ggr8rfees,
Continue to build add on servic8S,
Monitor LA for lender op
ortunit185.

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans for future periods
Our plans for the future-
The Aims 2nd Objectives for 2024 continue lo be about recruitment, retention and raising the profile of the Trust.
Recruitment of new Carers is vital if w8 are to increase our capacity lo provide new placements going forward.
However, targeted ￿c￿ltrnent in the right geographical areas and idenlitying the right profile of Carers remains of
paramount importance. As a result we have updated OUT website and plan to run 'tsrgeted' campaigns, throughout
th8 coming year.
Retention of CareTS Ctsntinues to be another one ol our key objectNes going into 2024. As such we have already
made additional 'one off, payments to all of our foster families in recognilion of the vtrry challenging economic
limate they are trying to operate in. We also increased the respite allowance from 2 weeks to 3 weeks from
January 2023 and increased their mileage allowance by an additional 20 miles. All of these changes have been
enomiously we5comed by each of our fostering households.
From April 2023 the mileage allowance lor staff was increased from 15ppm to 25ppm in Tecognition of the costs of
travelling, particularly our social work staff who Dften cover considerable distances to visit our fostering families.
We took the decision at the start of autumn 2022 to close each of our offices one day per week lo try to reduce our
running costs throughout the wnler and into 2023. This plan will remain in pSace given its success and the cost
savings made.
We have also trialled 8 4-day week for all staff which we embarked upon in April 2023. The outcomes and feedback
from all involved has been incredibly positive and the reduction in working days has not had any negative irnpaets
on outcomes for our children or support for our 105tering families. As Such, we now plan to forrnalise this
arrangement in the spring of 2024.
We are planning to move toward a more 'Trauma Infomed" agency during the coming year. This will involve the
appointment of a skilled and profession81 Psychotherapist for a fixed period of b.me who Gan provide insishl 8nd
direction for our sl8keholders and organisats.on ss a whole.
Acknowledgements:
This report IS sn opportunity for us to recognise those that help give us our distinctive quality. This quality results
partly from the knowledge that our work is not undertaken for profit bul to ensure that children get the ¢8re and
support they need to become well-aojust8d and contributing 8dult5 later in life. Our tagline of a 'family for life,
underlines our commitment lo those who need it that we will help them in their transition to independant adult living
with supportive relationships beyond those provided within the slate care system.
Our kèy debt Is to our Dutstanding Foster C8rers as it is, Ih¢y who provide the care to those children entrusted to u5.
Some of these individuals have provided decades of unflinching selffess service to their exiended families, now
0ft8n including grandchildrèn. and 8v8n great-grandchildren. Others aTe ff¢ent recrtjits who intend to WOTk as
FosteT C8r8rs for a sat period of their lives. To all of ihem. for all their skill and dedication, we Temain eternally
grateful.
Wè additionally acknowledge that il is our staff team who organise and rnake this possible. and we would like lo
tske thi5 Opportunity lo thank them all. In addition to our direct staff we would like to recognise and thank our wider
comrnunity of retained sessional Social Workers and other specialists. our Fostéring Panel, key support firms and
con5ultanis Of all tyye3 wl)o ylve v? thG profGaJitsnaliani we ngod tts prtsvid¢ lluch Dn $xc•llènt quality )* c•ro.
Finally. as Chaiman. I would like to thank the Trustees for their contribution as well as our other financial supporters
who fund Ouf growth and help to make the work of the Trust achievable.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustee Tralnlng and Inductlon:
The Tnjstees have chosen lo manage the governance of the Trust as a small but involved group with
complementary s￿"11S covering our heritage and core values, our professional work. education, and corporate
business skills. The Trustees periodically consider whether, and where and when. additional or replacement skills
and experiences are required. Reoruitment channels have included national advertising, executive $8arch, the use
of nationally accepted Glearing houses, as well as individual netsvorking to seok out specific skills or expertise.
Appointments are made after a process that allows candidates to 8xplore the Trust's work and become familiar with
the management learn and the Trustees and then by the Trustee body in its entirety. Trustees undergo induction
and training in their responsibilities and development affecting both their role and the work of the Trust.
Related parties..
All re13ted party transactions can be seen in note 19 to the Financial Statements.
Audltor
In accord8nce with the ¢ompany's articles, a resolution proposing that Cognitor Accountancy Limited be reappointed
as auditor of the company will be put at a Gener21 Meeting.
10-

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Raf•rence and admlnl$trntlve detalls of th• ¢harlty, Its tru$to•s and advlsers
Charlty name..
The Children's Family Trust
Company rogl*trat5on numb•r:
00398875
Charlty roglstorsd numbér.
208607
Trust••s:
Mr l Brazier
Mrs A Oliver
Mr N Haffison
Dr V Wiglall
IAr D Williams
Dr M Hines
Mr T Gormley
R•glster?d offl¢8'.
Hanbury Court
Harrts Buslness Park
Stoke Pdor
8romsgrovg
Worce818r8hire
B60 4DJ
Chl•f Ex•cutlv• Offle•r:
Mr8 M Mulholland
Audltorl:
CogniioT Accountancy Limi18d
12 The Courtyard
Buntsfofd Drfve
Brom8grov8
Worcgst•rshlTe
B60 3DJ
Sollcltors:
SPE Solicitors LLP
Sl J8mes' Hous¢
St James, Square
Cheltenharn
GL50 3PR
Bankers..
HSBC PIC
22 Abington Street
NorTthBffflPton
NN1 2AN

THE CHILDREN'S FAMILYTRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ststgment of Trusts¢s Responsibllltles
The TTUSt8es (who are also the Directors of the charity for purposes of company lawl are responsible for preparing
the Trustees, Annual Report and the fin8nci81 statements in accordance with the Charities Act 2011, the Companies
Act 2006, the Memorandum and Articles of Association, and Accounb'ng and Reporting by Charities.. Stslemenl ol
Recommended Practice applicable to charities preparing thesr accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS1021.
Company law 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 ¢hariiable Company and of its incoming resources and application of rtrsources,
including ils income and expenditure. for that period. In preparing those financial statemenls. w¢ are required to:
select suitable accounting policies and then apply them consistently..
obsetve the methods and principles in the Charities SORP;
make judgements and estimates that are reascsnable and prudent.,
state whether applicabSe the Charities Act 2011, the Companies Act 2006, the Memorandurn and Artlcl$s of
Assoaation. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS1021 have been followed. subject lo any rnaterial departures disclosed and
8xplained in the finanual $18tements', and
Prepare the financial statements on the going concem basis unlass it is inappmpriate to presum8 that the
charity will continue In business.
The Trustees arè responsiblè lor keeping proper accounting records that disclose with reasonable accuracy at any
tlme the financial p05itron ol the charity and enable them to ensure that the financi35 statements comply wth the
requirernenls of the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and deieclion of fraud and other irregularities.
Trsjstee Indemnity insurance 15 included within Management Liability insurance cover provided by Zurich Insurance
with an overall limit ol indernnity of £1 million. The cost of the TTuslee Indemnity insurance is not given as it is not
separately identifiable within the overall insurance cover cost.
ststoment of Informatlon forAuditors:
In so far as the TTuslees a￿ aware..
there is no relevant audit information of which the charity's auditor is unaware, and
The Trustees have taken all Steps that they ought to have taken to rn8ke them5&1ves awa￿ of any re16vant
audit informatlon and to establish that the 8uditor is aware of that information.
Smo11 Company Provlsions:
The Trustees, report has been wepar$d in accordancè with the provisions applicable to companies entitled to the
srnall companles, exemption provided by section 408 8nd section 414B Ibl of the Companies Act 2006.
Each of the has confirmed that there is no information of which they are aware which is relevant to the audlt, but of
which the auditor is un8ware. They have further confim)ed that they have taken appropriate steps lo identify such
relevant inforrnation and to establish that the 8udrtor is aware of such information.
12

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Onb
If of the Board of Trusts•$
razlor
Chalmian
Honbury Court
Harrf$ 8usln•88 P•rk
stokg Prlor
Bromsgrovo
Worc•8ternhlr•
B60 4DJ
26 M8rth 2024

THE CHILDREN'S FAMILY TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE CHILDREN'S FAMILY TRUST
Oplnlon
We have audited the financial slal8m&nls of The Children's Family Trust Ilhe ') for the year ended 31 Decembor
2023 which comprise the ststernenl of financial activitiès, the balance Sheet, th& statement of cash flows and notes
to the financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounts'ng Standards, including Financial
Reporting Standard 1 D2 The Financial Reporting Sl8nG18ru 8pplic&blo in Ills UK and Republic of Ire18nd Iunltad
Klngd¢m Generally Accepted Accounting Practice).
In our opinion, the financial statements..
glve a true and fair vS¢w of the State of the eharltable company's ¥ff¥lrs as at 31 Decemb¥r 2023 and of Ils
Incomlng resources and 8pplication of resources, in¢luding its incorne 8nd expenditure, for the year then
ended..
hav¢ been property proparod In accordance ￿th Unlt8d Klngdom G•nèrally Accepted Accountln9 Pracllce.,
hav8 been prgpar8d In accord8nc8 wlth the Teouirements of the Companies Act 2006.
B•$li for oplnlon
We conductsd our audlt in accordance with International Standards on Audlllng IUKI IISAS IUKII and appllcable
law. Our responslblllties under thos8 standards are furth&r descr4bed In th8 Audilots r8sponslblliti&s lor th8 audil of
the Iln8n¢i81 slalemenls $gCtion of our report. We are ind•pendenl of tho in accordance with the elhlcal
requirernenls that are relevant lo our audit of Ihe financial statements in the UK, induding the FRC'S EthlcaS
Standard, and w8 havo fulfilled our other ethical r8spDnsibililies in accordance with these requlremonts. We belleve
that the audll evidence we havo obtalned18 sufficient and appropria(a lo provide a basi$ lor our opinlon.
Con¢lu8lons relatlng to golng concorn
In auditing tho financial statemen15, we have eoncluded that the use of the going concem ba818 of accounllng In tho
Preparatlon ol the flnanciul statement¥ l¥ approprlate.
8ased on the work we have perfom8d. we hava not identlfied any matertal uncortainues relating to events or
conditions that, individually or collectlv&ly, may cgst significant doubt on Ihe 's ability to continue as a going ¢on¢•rn
for a period of at lea8t Th¥glve months from when the financial ststemttnls gre aulhorlsed for issue.
Our rospon8ibilitleS and the respon8lblllti&s of the with raspect to golng concern are descrlbed In Iht relevant
sections ol this report.
Other Informatlon
The other informauon ¢omprises the infomiation included in the annual report other than the financi81 statements
and our 8uditorf8 rgport Ihgraon. The are responsible for the other infomiatlon conlalned wilhln the annual report.
Our opinion on the fin8ncia1 Ftatemenls do•s not cover thè other infomiation and, except to the extent otherwise
explicitly ststed in our ￿pOrt, we do not èxpr8ss any fomi of assurance concluslon thergon. Our responslbillty Is lo
read th8 other Informaty'on and. In doing so, ¢onslder wh8ther the other information Is materially Inconsistent with th•
flnanci81 statements or our knowlttég8 obtainèd In the course of the audit, or olheNise appears to be materiaSly
mlsstated. If we l¢Jeniity SUGh materlal Inconslstencies or apparent m8terI81 mi88t8tem8nts, we are r•qulred to
d&terrnin8 whether this glves rlse to a m8t8rlal miss18temenl in the financial staternents th8msèlves. If, based on th•
work we have perfomi8d, we conclude that there is 8 malerfal miBstatemenl of this other information, we are
Tequired lo report Ihal fa¢l.
V49 havo nythln8 io roptjrt IN thlo r4gard
Opinlons on other mattèrs preserlbed by the Companlès Act 2006
In our opinion. based on the work undertaken In the course of our audit..
the infomation given in the report for the financial yeor lor which the financial ststernents are pr8pared. which
incluojes the dlrectors, report prepared for the purpts¥es of company law, is consislent wth the financial
statements., anL
the directors, report in¢luded wthln the report has baen prep8red in accordanctr wlth applicable legal
requirem8nts.
14-

THE CHILDREN'S FAMILY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE CHILDREN'S FAMILY TRUST
Matters on whl¢h we are requlrèd to report by excoptlon
In the light of Iho knowledge and understanding of the and ils environmènt obtained in the Course of the audit, we
have not identified material rnisstalemenls in the dir&clors' report included within the report.
We have nothing lo ￿pOrt in respect of following matters in relation lo which the Companiès Act 2006 requires
us to report lo you if. in our opinion..
adequate accounting Te¢ords have not boen kept, or retum$ adequate lor our audit have not been recelved
from branches not vlsited by us-, Qr
Ihe financial slalements are not in agreement wSlh the accounllng records and returns., or
cert81n dlsclosures of trustees, remunèration specified by law are not made., or
we havè not received all the information and explan8litsn8 we requlrè for our audlt., or
the wtrre not entltled to prapare the financlal statemgnls in accordancts with the small oompanles reglm& and
tsk8 advantage of Ihe small companies, exemptions in preparing the report and from the requirement to
prepare a strategic rèport.
R•8ponslbllltles of the Trustees
As expl3in8d more lully in the statement of responslbillllfts. the , who aro also the directors of the for the purp08e of
company law, are responsible for th8 proparatlDn of th¢ financial 818tgments and for being satisfied that Ih8y give
true and lair view, and for such intemal control as the determine is necessary to enable the pr#paration of financlal
Statements that are Ire• frorn malerlol misstatem•nt, whether due to fraud or error. In preparing th$ financial
slalemenls, the are responsible for assessin9 ihe 's ability lo continue 88 a 9olng concem, dlsclosing. a5 Ipplicable,
matters related tc going concern and using th• going concern ba51s of accounting unless the either int•nd to
liquidate the charitable cornpany or to cease operations, or have no r&81istiC 8iiematlve but to do 50.
AudIto￿a re•ponslbllltle• for the audlt of th• fin*nclal 8*at•m•nts
Our objèetives 8ra to obtsin reasonabla assur3n¢e about whether finan¢i81 statements #s a whole a￿ free from
material MISS￿teMent, whether due lo fraud or error, and lo Issue 8n audllorfs report that Includes our oplnlon.
Re8sonable 8ssurance is a high level ol assurance bul is not a guarantee that an audit conducted In accordance
with ISAS IUKI wlll always detect 3 maleThal mis$t81emenl when il exl$15. Misstatements can 8rfse from fraud or
•Tror and are considered materi81 If, Indlvldually or In the 8ggregale. they could reasonably b• •xpecl$d to Influ$nc8
the economlc deci8lons of u8ers taken on the basi5 of Ihfjse financial $18lements.
A further deserlplion of our re8pon8lbllilles Is available on Flnanciol Reporting Coun¢ll's wtrbslte al-. https'.11
www.frc.org.ukj8udltorsresponslbllltie6. This de$crlption forms port ol our audllorfs report.
Uso of our report
This r8PQrt Is made 501ely lo the company's members, as 8 body, Sn accordance with s¢¢tion 391 of the Comp8nig8
Act 2014. Our audlt work has bèen undertaken so that we might state to the company's members those mattels wa
are required to 518te to thgm In an auditor's report and for no other purpose, To the full¥st extent permltted by law,
we do not aecept or sssuma responslbility to anyono other than the comp8ny and the comp8ny'8 members as
body, for our 8udit work. for this report, or for th? opinlons we have formed.
Mr 14l¥rk Warman (Senlor Statutory Auditor!
for and on b•holf of Gognnor Accountsncy Limiie
Chart•red C•rtlflgd Accountants
ststutory Audltor
12 The Courtyard
Buntsford Drive
Brornsgrove
B60 3DJ
15-

THE CHILDREN'S FAMILY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unre5tr1cted Unrestrlcted Restrlctod
funds
funds
funds
deslgnated
2023
Total
Totsl
2023
2023
2023
2022
Not•s
m• fro
Donations and legaclas
l activit.
Foster carè local authority f&es and
recharg88
Student fee8
Investments
67,735
67,735
34,525
8,956,790
2,400
43,242
8,956,790
2.400
43,242
8.636,947
7,400
20.239
Total Incom•
9,070,167
9.D70.167
8,899,111
ndl
Fundraising and publlclty
Inv8Btment management
301
58,257
301
58,257
198
64,688
58,558
58,558
64,886
Fosler core
Fosiertng independence
Llf81ime carer costs
8,918,457
1,547
8,918.457
1,547
82,852
8,385,212
3,017
e8,453
82,852
Total charltable •xpendltur•
8,920,004
82.852
9.002,858
8,456,882
Tot•1 exp•ndlture
8,978,582
82,852
9,061,414
8,521.568
Nel g8in31llosses1 on invgstrnenls
64.836
64.836
102,120
Gross transfers b?￿een funds
182,8521
82,852
Not Incomo for the yèarl
Net rnov•ment In funds
73,589
73,589
279,663
Fund fjt 1 J8ny•ry 2023
2.504,358
1.145.571
412
3.650,339
3,370.e76
Fund balances at 31 December 2023
2,577,945
1,145,571
412
3,723,928
3,650,339
Th8 Statement of financial •ctlvitie¥ Includes 911 gains and 105s•s recognTsed in the yqar.
All income and expendlture dèrtve from continuing activities.
16-

THE CHILDREN'S FAMILY TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
The statement of financial activities also complies w((h the requirements for an incom8 and expenditur8 account
under the Companies Act 2006.
17

THE CHILDREN'S FAMILY TRUST
BALANCE SHEET
ASAf31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible assots
Investment propertie5
Investments
1,537,530
1.517,571
1.100,000
6,093
io
6,093
1,543,623
2,623.664
Curr¢nt assets
Debtors
Cash at bank and in hand
11
1,070,527
1,505,922
518,344
1,002,832
2,S76.449
1.519,176
Credrtors: amounts falllng dug wlthln
one year
13
1350,1431
1446,5011
Net cuThent assets
2,226,306
1,072.675
Total assets less current liabilitles
3.769,929
3,696,339
Creditors= amounts falling due after
morg than onè yèar
14
146.0001
146.Cs00)
Net assets
3,723,928
3,650.339
Income funds
Restricted funds
Unre51ri¢ted funda- designatgd
General unTestricled funds
412
1.145,571
2,577,945
412
1.145,571
2,504,356
3,723,928
3,650.339
These financial statements have bean prepared in accordance with the provisions applicable to cornpanies subje¢t
to the small companies regime.
na
ias statements were approved by the Truslees, authorised for issue and signed on its behalf:
r l
Trustee
Company registr#tlon numbèr 00398875
18-

THE CHILDREN'S FAMILY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating actlvltles
Cash (absorbed byllgenerated from
operations
23
1577.8421
324,83
Investing actlvttles
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Proceeds from disposal of investments
Investment income received
1301,6671
15.8731
275,000
955,000
43,242
138.692
11Q,518
20,239
Net Cash generated from investing
activities
971.575
263,576
Financlng activities
Repayment of bank loans
167,247)
127,4901
Nèt cash usèd in finaneing activltl•s
167,2471
127,490)
Net increasg In cash and cash aqulvalents
326,486
560,922
Cayh gnd cash eouivalènts at booinning of yèar
1,002,832
441,910
Cash and cash equlvalents at end of year
1,329,318
1,OQ2,832
19

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policlés
Charity inforniatlon
The company is a company limited by guaranteè. The directors of the company are the trustees named in the
.referfrn￿ and adminislralion details"
In the event of the company being wound up. the liabiSilies in rèspect
of the gu8rantee is limited to £5 per member of the company.
1.1 Accountlng conventlon
The financial statements h8ve been prepared in accordance with Ac(x>unting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021- (Charities SORP
IFRS10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the
Companies Act 2006.
The Children's Family Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities
are initially recognised at historic cost or transaction value unless otherwise stated in thè relevant accounting
policy notes.
1.2 Going coneèrn
Al the time of approving the financial 5t8tements, the have a reasonable expectation that the has adequate
resources to continue in operational existence for the foreseeable futu￿. Thus the conts.nue to adopt thg going
concem basi5 of accounting in preparing the financi31 statements.
The trustees have prepared detailed financial and trading performance wojeclions for the trnsuing year.
Those projections are prepared as far as possible by induding only known business that the company is
¢onlra¢ted to, or extremely likely to contract to. and Cdrry out during the year. Those projections are reviewed
and revisgd at the end of each reporting pertod within the Gompany's financial year. On th& basis of those
projections, the trustees have satisfied themselves, as far as they are reasonably able and unforeseen events
aside, that th$ company is in a p051tion Whe￿bY it may adopt 8 going concem basis of accounting in
preparing the annu81 financial statements.
1.3 Charitable funds
Unrestricted funds are 3vailable for use al the discr8tion of the in fiJrther8nce of their ¢haritsble objertives.
Restricted funds are subject to speufic CDnditions by donors as lo how they may be used. The purposes and
uses of the r85tricted funds are set out in the notes to the financial statements.
1.4 Income
All incoming re$ourcgs are included in the Statement ol Financial Activities when the company is legaSly
enbtled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement
is th& earliest of thè company be￿￿9 notified of an impending dist￿bUtiOn or the16gacy being received.
Gifts in kind for distribution are included al valuation and recognisad as Incom8 when they are distributed to
the projects. Gifts donated for resale are included as income when they are sold. Donated facilitles are
inGlu¢ed at th8 value to the company where thi8 can be quantifi8d. and a third party is bearing the cost. No
arnounts are included in the financial statements for semces donated by volunteers.
In¢Orn• tax recov8mble in rèlation to doriktions recÈlved under aift aid or deeds of covenant is re¢ognised al
the lime of the donation.
20-

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
{Continuedl
1.5 Expendlture
All expenditure is accounted for on an accruals basis 8nd has been included under expense categories that
aggregate all costs for allocation 10 8Glivilies. Where costs cannot be directly attributed lo particul8r activities.
they have been allocated on 8 b89is consistent with the use of the reserves.
Support costs are those costs incurred diredy in sUPPOrt of expenditure on the objects of the company and
include project management carried out at headquarters. GovemancÈ costs are those incurred in connection
with administration of the company and compliance with constitutional and statutory requirements.
Charitable expenditure compThse5 thos8 Costs incurred by the charity in the delivery of its acliilllies and
serV￿ces for its beneficiaries. It Includes both ctssts that can be 311ocated directly to such activities and those
costs of an indirect nature necessary to support them.
1.6 Tangible flxed assets
T8ngible fixed assets are initially measured at cost and subs&quently measured at ctsst or valuation. net of
depreciation and any impairment 1055es.
DBpr&ciatlon is recognis8d so as lo write off the cost or valuation of assets less their residual values over thèir
useful lives on the following bases..
Buildings
Office improvements
Fixiures, fittings and equipment
2.10 Straight line
over lease tenn
33010 Stralghl lin8
The gain or ILISS aTising on the disp08al of an asset is determined as th8 differenc8 belN4een the sale proceeds
and the carrying value of the asset, and 15 recognised in the statement of financial activities.
Only items over £1,000 are capitalised.
1.7 Fixed asset investments
Inveslrnenls
Investment properties..
Investment properties are included in the balance sheet at their open market value in accordance with the
SORP. Gains and losses on disposal and revaluauon are charged or credited to the Ststernent of Financial
Activities.
Listed lftvestments
Listed investments have been stated at mid-m8rket value at the balance sheet d8te. R881ised gains or losses
-d as the difference between sale proceeds and market value 8t the previous balance sheet date.
are calcul..-
All gains and losses whether realised or unrealised are tsken to the Statement of Flnancial Activities.
Unii&r•d Inv8strrT&rtES
Unlisted investrments are valued at cost.
Investments subsldi8rias and joint ventur8S
Investments In subsidiaries and joint ventures are recognised at cost les8 impairrnènt.
1.8 Taxattron
The Company is a register¢d charity and as such is not 9enerally liable to taxadon.
21

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
Icontlnuodl
1.9 Employee b•nefits
The cost ol any unused holiday enli118menl is recognised in the period in which the employee's services 8re
received.
Termination benefits are recognise¢J irnmediately as an expense when th8 is demonstrably commStted to
terminate the ernployment of an employee or to provide termlnation benefits.
1.10 P•n8lon costs
The company has 8 group pansion plan sn pl8C& Wlth Roy81 London. Slnce Introductlon uptakg of thè sch8mo
has been iiary high with $2 Émployees in the scheme as al 31st Decembèr 202312022.. 481. Th8 8mployèe
contribution rate is S%. This 1$ standard for 911 employees. Thg trust matches empltsyaas contributlon rates
up to 5°k of Salary.
In addltSon, the Company conlrlbut•s to 2 indlvldu81 person81 p8n8ion schemes whlch were In placa beforo the
company group pgn$ion p18n. Again, the trust matchès 8mployee contrlbulion rates up lo 5% of salary.
Tha annual contribulon8 payable are chBrg8d lo the Slat8menl of Financlal Activities.
1.11 Fund •¢countlng
Ganeral funds ar8 unrestricted funds which ar8 available for use at Ihe dl$cretion of the Iruslees in furthoran¢e
ol the general obj8ctivgs of the cornpany and which have not baen designatsd for alh•r purpos0s.
Designated funds cornpromise unrestricted fund$ th81 have been set aside by the trustees for particul¥r
purposes. The aim and use of each designated fund are set out in the notes to the financial ststemenls.
Restrietèd funds are funds which are lo be used in accordance wlth spèclfic reslriciiong imposed by the
donors which have been r8i$ed by the company for a particular purpose. The cost of r81$lng and
administering such funds are charged agaln$t the specific lund. The aiin and u80 of gach rgstricted fund are
sel out in the notes lo the financial statements,
Investment income, gains and losses are alloc8ted lo the appropriat• fund.
Donatlon• and l•gacl•$
Unrtstrlctod Unreslricled
tunds
funds
2023
2022
Donatlons 8nd legacles
67,735
34.525
Inv•stm¢nt8
Unrestrlctgd Unrestrictèd
fund*
funds
2023
2022
Rental Income
43,242
20,239

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
RalBlng funds
Unrostrlcted Unrestricted
funds
funds
2023
2022
undrBIs
and ubllc
Seeking donations and legaci88
301
198
198
272
Charltsbl• actlvltl••
Fo•t•r c•r•
Fosterlng
Llfetlm•
Indepond•n¢• car•r costs
2023
Total
2023
Total
2022
2023
2023
Deprgcl8llon And Impalrment
Famlll8s costs
Foster panel and carers recruitrnonl
Solarte¥ and r•l•t•d
26,217
5.769,138
42,972
1,Sg0,415
8,088
61.721
34,305
38.850
5,831,749 5,516,912
42,972
96,763
1.590,415 1,418,478
890
7,428,742
890
69,809 7,499.441 7,071,003
Sh8re cf SL'PPOrt costs l$•e n¢t• 6)
Share of govem8nce costs13ee note
1,386.407
811
12,138 1,399,156 1,304,387
905
104,259
81,292
ei
103,308
46
8,918,457
1,547
82,852 9,002,856 8,456,682
AnolyBls by fvnd
Unrestricted funds
Unre¥triCted fund8 - designated
8.918,457
1.547
8,920,004 8,388.229
82,852
88,453
82.852
8.918,457
1,547
82,852 9,002,856 8,456.682
-23-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support arid gov•manc• Costs
Support Governance
costs
costs
2023
2022 Basls of allocatlon
SIBff costs
Depreciation
Gener81 office costs
767,113
5.636
626,407
66.705
833.818
5,636
828.923
761.447 On lime spent
13,684 Direct usage
595,485 Pro rala FfE Staff
2,518
Audit fees
Leg818nd profossional
Bank ch8rges
Trustees expen88$
rtrlmbursed
Truslee board meotlngs
8,126
16,638
3.043
8,126
16,638
3,043
9,Q13 Govemance
1,163 Govemance
2,831 Governancè
Gov8rnanc8
1.820
5,411
1,820
5.411
604
1,472 Govemance
1,399,156
104.259
1,503,415
1.385,679
Analysed be￿een
Charitable Bctivities
1.399,156
104,259
1,503,415 1,385,679
Employeti
Thè av•r•y• monthly numb•r of 8mploy•o8 durlno th• ya#r was.,
2023
Numb•r
2022
Number
Dlroet charftable purposes
Management ond administrallon
45
53
Tot81
53
Employm•nt co•ts
Wage5 8nd salades
Social security cos15
Othor pension costs
1.821.786
200,567
1 $7,572
1,681,342
174.467
147,853
2,179,925
2,003,662
-24-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
Icontlnuedl
The number of employees whose annual remuneration was more than £60,000
is as follows..
2023
Numb•r
2022
Number
In the band £60,001- £70,000
In the band £70,OQ1- £80.000
In the band £100,001 £110,000
For these omployee8 employ$rs pension ¢ontrlbuJons amountèd to £38,64212022.' £18,646).
The charity trusleos wer8 not paid and dld not receive any othgr ben8flls from gmploymenl with th• charity in
the year 12022.. £nill. Ne ch8rlty trusteg received pgyment for professional 8ervlcos supplied lo the ¢hgrity
12022: £nill.
Thg k&y rn8n8gement personnel of the charity comprlsg of tha truste&8, the Chlef Exocutlve Offic$r and th
Haad of Servic$. The lotal tsmployee ben&fil8 of the key m8nag¢ment personnel were £186,91812022 on the
Same basls £182.9151.
N•t galn•lllo•1•81 on Inv••tm•nt•
Unro•trl¢tèd Unrestrlcted
fund•
fiJnd8
2023
2022
Gainllloss) on sale of investments
84,836
102,120
-25-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Tanglbl• flxed assot$
Bulldlngs
Offi¢•
mprov•ments
Flxtures,
ttlngs and
•qulpm•nt
Totsl
Cost
At 1 January 2023
Additions
Dlsposals
1,707,155
289,653
1275,0001
11 S.278
3,9fj3
271.547
8,051
2,093,980
301,667
1275.0001
At 31 Decemb¢r 2023
1,721,808
119,241
279.598
2,120.647
D•pr•clatlon and Imp•lrm•nt
At 1 January 2023
Doprecialion charg¥d in tha yaar
Eliminated in Tèspecl of dlsposal$
203,35S
29,624
134,836)
110.175
5,088
262.878
6.853
578,408
41.545
134.8381
At 31 D8¢ember 2023
198.143
115,243
289,731
583,117
C•rrylng amount
At 31 Decembor 2023
1.523,665
3,998
9,867
1,537,530
Al 31 December 2022
1,$03,800
5,103
8,888
1.517.571
10 Flx•d a4¥•t Inv•8tm•nt•
Prograrnme
Oth•r
Rèlat•d Inv•8tmonts
Total
Cc+>t or valuatlon
Al 1 January 2023 & 31 December 2023
6,091
6.093
Carrylng amount
Al 31 Decernber 2023
6,091
6,093
At 31 De¢omber 2022
6,091
6,093
2023
2022
Other Investments comprise,.
N¢ta8
Investmants in subsidiariès
-28-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Fixod asset inv•$tment•
Icontinuedl
Unlisted securltles
Unlisted securities are held at cost and relate to a National Savings Bond.
Inv•strnent In subsldlary
At 31 December 2023 Ihe trust held 100°A of the allotted share ¢8Pital of cFr Tradlng Ltd, a Company
regl81ored in England end Wa59s. which is a domignt ¢ompany.
Capital and rgserves ol th8 sub8idi8ry undertsking at 31 Dec8mb8r 2023 and at 31 D•cember 2022 wera as
follows..
Sh8re c8pItsI
Rosenigs
£2
£2
All flX￿ 88881 Investments ara hold In the UK
Progr¥rnm• R•l•t•d Inv••tm•nt•
Inv•strn•nt In Skyro¢k•t
Cos18s at l Januory 2023 and 31 Dteember 2023
6,091
Nel book v81u8 a8 al 31 DgG0mber 2023
8,091
The tru8t own¥ 8 helf share of th& net 888ets of Skyrtscket P8rtnor8hip Llmlted, a company incorporated In
England. The joint venture provlda$ tralnlng programme8 sp$clfi¢ally aimed gt training and mentoring
Tegisl•red manager5 in the f08tering sector.
The trust rocognises th• inv88lment in th$ joint controll•d entity at cost less and Impaimienl to d8t•. For the
pertod ended 30 Jun• 2023 thè antity recordod a surplus of £3,19a12022.' deflcli of £2.0721 and hatj a ¢J8flclt
on reseNes of £14,01312022 £17.2031 at the balance sheet date.
11 D•btorB
2023
2022
Arnounla falllng du• wllhln on• y•ar:
Trad8 debtors
Other debtors
Prgpoyments 8nd accrued in¢omo
937,207
13,932
119,388
388.048
10,652
117,644
1.070.527
516,344
27-

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Loans and overdrafts
2023
2022
Bank loans
67,247
Payable within ono year
67.247
The commercial mortgage with HSBC was repaid fully during the financial year.
13 Crediiorfj: amounts falllng du8 wlthln on• yoar
2023
2022
Not•8
Bank loans
Other taxation and 30cI81 security
Trade credllors
Other creditors
Accruals and deferred Income
12
67,247
58,647
64.003
14,319
242,285
59.726
44,928
245.487
350,143
446,501
14 Cr•dltors: •mount• falllng due •ft•r rnore th•n one y•ar
2023
2022
DIlap1da￿ons provlsion
46,000
46,000
The dllapidatlons provlslon ro18tes to two propertles.
15 R•*trlct•d funds
The income funds of the charity includ8 restricted funds comprSsing the following unexpended balanc88 Of
dOna￿On$ and gr8nls h&ld en trust for specific purposgs..
Movement
In fund$
In¢omlng
8#lan£8 at
r•#tsurc•81 J*nuary 2023
Mov•m•nt
In funds
Incornlng
alance at
resourG8I 31 0oc8mb•r
2023
1 J4nu•ry 2022
412
412
412
The restricted funds remainin9 at the year end were £412. Of this £300 related lo a Big Lottery Fund grant
received in 2016 of £8,760 to fund media workshops to producè educational videos around the thomes of
being in foster care and associated issue$.
28-

THE CHILDREN'S FAMILYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 D•¥lgnated funds
The income funds of the charity include the following designated lunds which have b8$n set asidè out of
unreslrict9d funds by the Irustges for specific purpose&'.
Movamont
In funds
InGomlng
Balance at
ra•ourc••1 J•nuAry 2023
Movement In funds
lttcomlnq
re•oUr￿$
88lan¢8 at
31 0•c•mbèr
2023
oxpend•d
Lifellme carer costs
182,8521
82.852
182,8521
82,852
The de$ign81ed fund provides funds to meet costs In rolation to our support to Llfolme Foster Carer8. The
eharfty does not receive any dirèct Incom8 to PTovld8 th8 SUPPOrt, The liming ol expendllure for Ihe8e
deslgnatgd funds is likèly to be spread over th• next 25 to 30 years. The fund is representèd by the fix8d
as8ets, whlch Includ8 houses owned by thg charity and usad by car8rs. Thè transfar be￿6•￿ d88lgn8ted and
genoral fund8 8qu8tas to the value of the lifetime carer costs Incurred In the yo8r.
17 An•lysl# of n•t •¥#•ts b•tw••n funds
Unrfrstrfcted R•strlct•d
funds
lund•
2023
Total Unrestficted
fund8
2022
Reslrfcled
funds
2022
Total
2023
2023
2022
Fund balances at 31
Decefnber 2023 8
represented by..
Tanglble ass8ls
Inv8Strnenl propertles
Investments
Curmnl 8sselsllliabililiesl
Long term liabilities
1,537,530
1.537,530
1,517,571
1,100,000
6,093
1,072.263
146,0001
1,517,571
1.100,000
6,093
1,072.675
146,0001
6.093
2,225,893
146.0001
6.093
2,226.305
146,0001
412
412
3,723,516
412
3,723,928 3,649,927
412
3,650.339
The m8lorlty of the ch8rlty'$ income. 8nd therefore expendllure, continuas to ￿59t8 to fo$t8r care plAcemenls
wlth Ioc81 auihorfties. This is classified 83 unrestricted income Bs it is f¢lt that thi6 besi reflècts tho Substance
of the transactions.
-29-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Trustee Remunèration and Related Party Transactions
The charity was under the control of the Trustees Ili5ted in reference and administrative details) during the
current and p￿viouS year. No Trustee received any remuneration during the year12022.. £nlll.
The Trustees were reimbursed £1,820 12022.. £2,076) for their travel and subslstence costs. induded in
pursuance ol the charity's abjectives. The amount reimbursed during the year of £1.820 w85 In respect of
claims received from 4 of the 7 trustees who served during the year 12022.. £2,076 in r8spect of claims
received from 5 of the 7 trustees who setved during 20221.
Th8 trus18ss and management have taken steps to ¢nsure all re18ted party transactions are on nomial
commercial terms.
19 Flnancial commitments, ouarantees and contingent Ilabilitles
At 31 December 2023 there were no new financial commitments, guarantees or contingent liabilities requiring
disc105ure12022.' £nill.
20 Capltal eommltmènts
2023
2022
Contracted for but not provided in the financial statement5-.
A￿u￿S￿lIan of property, plant and equipment
433,484
21 Events after the rèporbng date
There are no events requiring disclosure after the balance sheet date.
22 Operating lease commltmants
At the reporting end date the charity had DUt5tsnding comrnitmenls for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2023
2022
Within one year
Between two and five years
In over five years
127.558
326.607
118,724
379,894
37.163
454,165
533,781
30-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
23 Cash generated from operations
2023
1022
Surplus for the year
73,589
279.663
Adjustments for.
Investment income recognisèd in ststement of financial activitie5
Gain on disposal of investments
Depreciation and impairment of tsngible fixed a55e15
143,2421
164.8361
39,941
120.2391
1102,1201
52.534
Mov&meThts in working capital..
Ilncre8seydecre8se in debtors
(Decreasellincrease in creditors
1554.1831
129,1111
43.816
71,182
Cash (absorbed byllgenerated from opèratlons
1577,8421
324.836
Analysis of changes in net funds
At 1 January
2023
Cash flows At 31 D8cembor
2023
Cash at bank and in hand
1,002.832
503,090
1,505,922
Loans falling du8 within one year
167.247)
67.247
935,585
570,337
1,505.922
31