Charity registration number 208607
Company registration number 00398875 IEngland and Wales)
THE CHILDREN'S FAMILY TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE CHILDREN'S FAMILY TRUST
CONTENTS
Page
Trustees report
1- 13
Independent auditofs report
14-15
Statement of finanaal activities
16-17
Balance sheet
18
Statement of ¢8sh flow$
19
Notes to the finanrAal slalements
20-31

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The TrusteÈg present their annual report and financ4al 51alements for the year ended 31 December 2024.
The Trustees, who are also Directors of the charity for the purposes of the Compknies Act, submit their annual
report and the audited financial stalernenls for the year ended 31 December 2024. The financial statements comply
with the Charities Act 2011. the Companies Act 2006, the MemoTandum and Articles of Association, and Accounts'ng
and Reporting by Charities.. Statement of Recommended Practice applicable to ch8rities preparing their accounts in
accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS1021.
Objectives and actlvitiès
Our objectives:
Established as a Registered Charity in 1945 and operating as a company limited by guarantee, our 51ated
objectives, as set out in our goveming Memorandum of AssocAation. ale..
The relief of children and young persons in rseed. and in particular those in the care of, OT accommodatèd
by, a Local Authority, by
Providing them wrth, or otheTrwse assisting in the prowsion of. a placement or placernent5 in suitable
accotnmo¢Jation and providing them with or a551Sting in the provision of. appropiiate Carers, with the
aim of providing thern with a stable family life.
Providing for their educ31ion and establishment in life.
2. The relief of poverty and in partiujlar the asssstan¢e of adults who have as children been in Local Authority
care.
Our a¢tivitie¥'.
Our operational work in England is classified 85 an independent fostering agency. The standards applied by Ofstad
are the primary rne3sures of our SUC￿$5 and are in the public domain. a5 are their Inspection Reports ev8luating
the quality of our work.
Overall. our purpose remains to prowde 8 Stable and successful farnily lrfe for children in the care system with the
aim of preparing them for successful adulthood. The Trust's guiding philosophy is that all children have the right to
live 'a natur81 family life,. Predominantly we do this through the prowsion of foster care. M05t ol our income derive5
from the fees we charge foi this service. Traditionally, but not now exdusively, we have experience in providing for
sibling groups and permanent placernents
reflected in our core values around a 'family for life.. However,
sncreasingly. we also provide for children needing shtsrt-terni care where we apply the same prin￿￿È$ as if those
children were pla￿d on a 'tsmily forlife, basi5.
It follows that we continue in the Trust's tradrtion of putting the Interests of our children first. closely followed by
those of our Carers and staff.

THE CHILDREN'S FAMILY TRUST
REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Public benefit statement:
Local Authorities have a statutory obligation to provide foster pla￿MentS for those children brought into the State
Care system and noeding to live away from home. Our work, as a Registered Chartty, is to provide such placement
opportunities on a transparently not-ror-profit basis, lo do so to the highest professional standards, and to deliver the
best outcomes to those plaeed in our ehaige. Our placements are open to all Local Authorities, irrespeetive of
location, and our mat¢hing process meets all professional best practices in endeavouring to provide an enduring
placèment lor each Individual child. As our fèes are met by Local Authorities, and we are prowding care lor any
child that they may present and for whom we are able to affect a suitable match, we work on an entirely inclusive
and non.discTiminatory basis lor the public benefit.
Further, we use OUT charitable resour￿5 to extend and enhance our service5, and to meet individu81 needs,
particularly where these are for children no longer supported by the public purse. This is demonstrated by the
Trust's continuing 5UPPOrt of individuals, now adult5. who have been in the care of the Trust bul who need, frorn
time to time. the support of the Trust throu9h its Lifetime Carers. This inlelvenbon has, in the past, hèlped prevent
the involvement of the Slate in the lives of f8milies.
The Trustees confirni that they have referred to the gijidance contained in the Chanty Commission's general
guidance on public benefit when reviewing the Charity's aims and objectives and in planning future actiwtses.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Our stNctur•:
As an organisalion. the Trust is govemed by the Board of Trustees. We employ lull-time executive, adminislrative
and professional resources, as well as retaining professional advisers such as legal and audit fimis.
As a Registered Charity. the Trust is not a profit-making organisation and no benefrt may be derivfrd by its Trustees,
who are also Members of the Trust. Accordingly, we are c13ssified as a 'voluntary organisation, within the temis of
the Children's Act 1989, section 105.
As 8 charity 8nd as a company limited by guarantee. the TfUStees' Report and Financial Statement5. and the
Memorandum and Articles uf Association ar8 publidy availablè.
We 8150 make thern available lo appropriate and interested partte5. e.g. Local Aulhorilies, ex4s1inglprospective
Foster C3rers, children in p13ceménl or on request. The Artides of Asso¢iation set out the regulations that govem
the company's internal affairs.
Apart from thè Trustèe body being reqLJired tci meet the appropriate qualifications to act 3$ Trusteés and Directors.
they and the staff of the Trust, and the retained Foster Carer5. Foster Caie15' own children over the age c>f 5iXtÈ8n,
baby-5ittets, règular visrtors to the Fostei Carers, homes, any domestsc staff, and the mèmbers of thè Fostering
Panel are all subject to the Disclosure and Barring Service IDBSI checks. formally refened to as Criminal Records
Bureau ICRBI ehed(s. We extènd this process to othèr key workers within supporting organi5ations e.g. human
rè50urces and illformatttsn technology. Further, Foster Carers ale subject tts additional checks as part of their BAAF
Fom F-based selection proces3.
All our profession81 sl3ff are qu8ltfied variously holding CQSWIDiploma in Social Work. Practice Teaching Awards,
and P05t-Graduate Diploma5 in Soryal Work 85 well as relevant first and p05t graduate degrees. In addition, the
Trust has engaged. on a sessional basis, further lully qualified and highly skilled professionals to deliver trainin9 on
such topics as safeguarding. therapeutic approaches. first aid and de-escalation tethnioues for both OLJr staff and
fostering familie5. All our professional Social Work staff are registered with Soclal Work En9land. the regulatory
body. SeveTal also have experience in working within the private and voluntary sector8. The Sorial Work teams are
supported by OLJr Head Office staff, which includes Administration. HR, Marketing and Media and Finance.
All Foster Carers have passed the TOS induction standards. Throughout the year they are expected lo attend 8
minimum of six mandatory trsining courses.
In order lo remain wrrent in matters affecting the work of the Trust. it has for many years been 8 membei of the
National Council for Voluntary Organisation5 INCVO), Children England, The Fostering Nely40rk, Foster talk and
Coiam BAAF (British As50Clation for Adoption and Fostering). We have a150 added our vtsice to FFP (Fairer
Fostering Partnership) which campaigns within the fostering sector on behalf of 'not for profit, fostering agencies as
well as our most recent mernbership of the National Association of F05tering Prowders INAFPI. Through
membership of these organizations the Trust looks both to learn from developments in good practice rfrlating both to
governance and child-care, and to influence the development and irnplernentation of social policy geneTaUy and
ehildcarè policy and provision specifically.
Th8 Trust +s not a member of any larger organyzation nor has affiliate Organv￿tl0n5.
The Trust has a po15cy and procedure to deal with any complaints and aims to secure earty resolution of any such
matters. The Trust rè¢eived no lomial ￿mplaIntS in 2024.
Trustees l Reyistered Office and Charity & Company Details:
These details can be found in the 'Relerence and Administrative Detai5$ of The Charit¢ on page 11.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Pay Policy for Senior Staff:
The Trust needs lo operate in 8 ¢ompelilive environrnenl yet balance its responsibility to be prudent with charitable
rnonies. The Trust has a Compensation Policy and uses Compensation Guidelines that are reviewed Teoularfy and
set out how it will manage pay lor senior staff and all other employees.
The over-arthtng prernise is that basic salary ranges should meet the Trust objectives of attracting. retaining and
motivating staff.
The Trust continues to commission the services of an external human resources prowdef to support our HR
Manager. In setting salary ranges for all roles within the organization the TTUSt look5 at a range or relevant
benchmaTk5 Such a5 location, cttarity sector, charity income and nurnber of employees. All proposed salary ranges
8Te 89reed by the Board of Trustees. We have reviewed our pay structure and appraisal prO￿sS during 2024 and
aro confident that we rÈm8in competitive in ¥ very s¥tur*ed market. This review wa5 overseen and agree¢J by our
board ol trustees.
Currently, proposed salary changes by line managers, within the Salary range for the role, are 5igned-off by the
Chief Executive. The Chair of Trustees authorizes changes to the Chief Ex¥cutive's pay.
Achievements and performance
Our achièv8mènts and pÈrforn)aneè In 2024:
The Trust continued to operate highly effectively throughout the year and as a result now cares lor more children
than ever before in Tls entire historyl The current economic climate within which we work has continued to be
'squeezed' and the rise in the number ol children coming into care continues to grow in demand. sadly. However,
the number of children placed with our fostering farnilies ebbed and flowed throughout 2024, largely as a result of
the ch311en9es we continue to lace in recnjiting new foster families to create greater r2pacrty. Several of our18rger
contracts were due for ietender during 2024 and we suceè55fully rètained th8sè contracts as a result of keen priang
and negotlation. A number of other contracts were once 3gain extended and through negotiation re5ulled in
substantial uplifts in priryng. these uplifts have contributed signific3ntty to our income this past year.
There is now an acute national shortage of Foster families which rne3ns recruittnent is our greatest challenge.
However. greater locus on m8rkeling and media 51rategies alongside 'refreshing' elements of our website is
providing some early promising results. Targeted reuuitment usin9 several social media platforms is prowng to be
successful a5 11 has two purposes, the first to raise our profile and the second to target those indiwduals from
background5 Wlth relevant experience, 5pÈce and who are geographically well positioned to rneel the needs of our
current contracts_ We continue to recruit very high calibre Carers who choose lo foster on a vocational basis who
have a rnix of ski115 and experien￿ to prowde a varied and diverse range of placements to Local Authorities. Our
Fostering Panels are held regionally, and our p8nel members live lorally lo our regional offices. As we move into
2025 we have 8 families currently In assessment with several enquiries awaiting feedback.
The number of children we look after rernained consistently above 200 throughout 2024 rising and falling on
o￿a$lon. It is noticeable that most of the referrals we ieceive across all regions are for children with considerable
difficults'85 and who have experienced very traumatic earfy lives. FOT this reason alone, the calibre, quality and skills
of the Foster Caref is extremely irnportant.
11 is important to note that during 2024 and moving into 2025 we have 16 young people who will tum 16 and have
¢hosÈn to remain with thèir fostering families on 8 'Stayin9 Pul. arrangemènt. And whilst this is absolutely what we
are about 'a family lor life, this unusually high number of young people remaining with us also ￿PresentS a
5ubslanlial1055 of income and a 'bed blocking, issue in some cases.

THE CHILDREN'S FAMILY TRUST
REPORT {INCLUDING DIRECTORS. REPORTI ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Key operational events and rnilestones of the year included:
Otsted.. All regions are registered with Ofsted and all Registered Managers appropriately experienc￿ and
qualified.
ur North-East Re
Our North-East region continued its highly valued work throughout 2024. Placement numbers increased reaching 67
by the year end (excluding Staying Put). This arrangement means that whilst the young person remains living with
their Foster F8mily the Trust stops receNing a fostering fee lor the pl3cement. The local authority will, in most cases
finan￿allY 5UPPOrt the youn9 porson in placement but will not provide the Carer OT TnJst with any finanaal support.
This represents ihe Trust with some dilemmas given our ethos of 'Family for Life,. Many ol our Carers rernain
comrnitted to the young pèrson thèy care foi, but this arrangement can potentially cause them some finanaal
hardship, particulady if they do not have another spare bedroom or a second child in placement. Most ol the
children placed in the North East are 'farnily for life, placements, which tend to be stable and therefore Provide a
steady income source. which can be relied upon. The region was inspected by Ofsled in September 2024 8nd
Teceived a much-deserved rating of'Good'.
Our West yorkshi￿ Re
ion
Our Wesl Yorkshire offi¢e is now well estsblished. The region continued its highly valued work throughout 2024.
Placement ntsmbers increased throughout year end and averaged out at 40 with rnany placements remaining stable
and on a family for lrfe basis. However. recruitrnent ol new Foster Garers continues lo prove challenging with local
authorities in the region offering very competitive packages lo polenli?I CaTeTS as well as the promise of always
hawng children available to place. The region is due a full Irispeth'on in 2025.
Our West Midlands R
ion:
2024 was 8 very su¢ces$ful year for the West Midlands olfice. The region continued ils highly valued work
throughout the year and increased the number of children placed substantially, averaging out at over 79 throughout
the year. The region is extremely well established and has 8 highly skilled staff team who provide excellent support
lo a highly skilled and experienced group of Fosterin9 familiès.
At the end of the year there were 46 approved Carers. By the end of the year there were another 4 prospective
Carers in assessment who will be approved thToughout 2025. Referrals continue to rise in the region receI￿1ng an
average of 2000 per month.
The West Midlands team continues lo operate in a congested and highly competitive market. However, the region
continues to be B major contributor to the placements available to Local Authorities across the region.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ion:
We now have a staff tèam of 8 in the Tegion including 3 Supervising Social Workers. 1 Principle Social Worker, a
Support Worker and 2 Administrators and a Registered Manager. The region has continued to grow in a very
'organic' way with several Carers corning our way because ol 'word of rnouth,. The region now has 24 approved
Carer5 Wrth another 1 in assessment and 26 children in place. The region continued its highly valued work
IhToughout 2024 under some very challenging circumstances regarding recruitment of new foster families and
retirement ol sever81 familie5 in the region. Placement numbers declined as a result of lack of capacity.
The region receives an average of 500 referrals a month and the1r profile in the re9ion is well established with local
authorities, this has resulted in local authority placement teams speufically requesting placemènts with several of
our Carers in the region. It is vjorthy of note that this region operates in a fiercely competrtive market with ovar 110
IFA'S in Hampshire alone. This 15 more than a third of the IFA'5 in the United Kingdoml
The region underwent a full inspection by Ofsted in January 2024 and was awardtrd a jLtdgement of 'Good'.
Our East Midlands Rè
lon..
OLJr East Midlands region 15 still very much in its infancy. However. toward the end of 2024 we have 10 approved
Carets. The region h85 a part-time perm8nent administrator to cover the adrnin tasks as well as help with the
recruitment for the region. Thè region also has 2 full time Soci31 Workers alongside 1 Principle Social Worker.
During the past year the region has provide¢J invaluable support to our bigger reg￿On5 the fotrn (rf short bTeak care
for large sibling 9roups, thv8 giving our Carers a mu¢h-needed break regularly.
Summa
Closing placement number5 at 31￿ December 2024 were at approximately 216 plus 6 further children placed on
enhanced lee arrangements.
Progress •lsÈwh•r•
Our Head Office continues to provide a myriad of Services and support to all reoions. The learn Comprises of
several highly skilled professionals induding OUT Head of SeThice, our HR Manager, our Head of FinaThce and a
Marketing & Media Officer, these are all supported by several adminislratOTS.
Our Markèting & Mèdia strategies proved invaluable throughout 2024. The acknowledgèment and recognition that
Social media is wilhoLJt doubt enomiously important in order to attract the right type of applicant to fostering has
never been more evident. Raising our profile with local authorities has been key to OLtr continued ￿PUtatIon as a
high-quality provider of placements which is Slowly p8ying off. Init131 enquiries trom potential applicants wa our
website and Facebook page continues to increase.
We have also made progress in the management of our contfacts and in our ability to respond to lender*ng
opportunities, which ha5 been a collaborative effort be￿een Head Offic£ and Social Work 5tsff.
Skyrocket ha5 grown in reputstion aCTOSS the s8Cttsr and one day online courses were delivered during 2024 along
with lace to face Registered Manager training courses. There are several more courses planned for 2025,
Skyrocket is now 8ntirely operating under the urnbrella of the Trust following the resignation of its partners
Communrty Foster Care in the sumrner of 2024.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
Our full results are given in the financial statements, later in this report.
The overall surplus for the year amounted to £241,19812023.' £73,589 surplus).
Our income continues to come primarily from our chil&e2re provision to Local Authoritiès. Wrth an increase in the
average nvrnber ol children pla¢Èd cornpared t() the pi&viou$ year our Local Authority income increased by
£758,923 to £9,715,71312023'. £8,956,790101 8.5% when compared to 2023.
The Trust also provided a mix of Over 18 1 Lifetime Carer support of £85.814 12023.. £82,852). whid) is met out of
charilable donation5. investment inc0￿e and reserves.
Our financial asset strength remains principally in property, induding ovmed b¢Jildings in Bromsgrove and Bishops
Auckland.
It is the policy of the Trust to hold sufficient assets in cash. or in easily converted forms. to meet ils forecast ¢a$41
requirements and in order to fijnd continuing growth.
Close financial controls are in place to ensure that èxpenditurè is planned and monitored. Decisions on where,
when and how to invest Internally te secure growth remain difficult judgements in our situation. where long lead-
times a￿ nee(Jed before results can be seen.
Reserves policy:
Free reservas, or unrestricted funds exduding design81¢d funds (which are held as fixed assets), amounted to
£2,819,143 as ai 31 st December 202412023." £2,577,945). This represents 3.5 months12023". 3.5 months) of total
annual unrestricted expenditure exduding designatèd and restricted expenditure. The ch8rity has a rèserves policy
to accumulate reserves equal to six months of total annual Ljnreslricted expenditurg ex¢ludiny designated and
restricted expènditure. As we come out ol the global pandemic, the charity is continuing to ensure that we continue
to work wilh Local Authorities, submit morÈ lenders and increase the pjacernenl numbèrs. We are also continuing to
devèlop a new region which will bring èxtra Incom6. This wll no doubl help us achi6ve the reserves th* we should
havè.
The designated funds of e1,145,S71 12023.. £1.145,5711 are lo meèt costs in relation lo our Support to Lifetime
F051ef Carers.
The Trust looks at cash and liquid inveslrnents available to meet ils known and planned requirements. As at 31st
December 2024 the Trust had readily realisable cash reserve5 of £1,526,370 12023.. £1.505,9211 to cover known
and planned rèquirements of £216.808 12023.. £222,808>. The known and planned requirements included, bul was
not limitèd to, the following..
Workin9 capital.
Dilapidations on leased offictss,
Repairs,
East Midl8nds office development.
Restricted funds will be spent In line with funding restrictions.
Investment policy and perfomiane•:
The Trust 5plItS Its investments to prowde for ￿pital growth and monthly incorne to 5UPPOrt Operations until the time
when cash ft¢)w becomes reliably positive on a monthly bas&s. D$tsils of these investments are giv¢n in the
Financial Statements.
The Trust will explore options for Invtslrnènt advice in 2025.
The Trust have assessed the rnajor risks to which it is exposed, and are satisfied that Systems are in place to
mitigate exp05ure to thtr major risks.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk assessment..
The Trust undertakes a formal Risk Assessment on an anllual basis. The Risk Asse55menl and Risk Register is
upd3led alongside the 5 Year Business Plan. The 5 Year Business Plan lakes account of risks identified in the Risk
Assessment. Risks are colour coded Red is critical, Arnber is highly important or significant. and Green is minor.
Risk5 are categorised as either Management and Governance. Operational. Financial or Extemal. Controls are in
place to reduce or eliminate each identified risk. The mitigation ol risk is considered on an ongoing basis by key
management. For example, before any operational changes or any developments in activities provided by the Trust,
and. within Senior Management and Registered Management meetings. Any newly identified critical risks are
flagged up to Trustees either before or al the next planned trustee meeting.
At November 2022 thè prinLipal risks facing the Charity and the strategies to manage them were as follows..
Risk
Controls
he Trust is unable lo respond to placemen
ieqLJests
Communicate dosely with CDmmissioneTS.
Explain ethos of the Trust as a pem)anency provider,
Use existing ¢apacity to best effect withou
cotnpromising quality,
Build placement capacity.
ork with commissioners to understand their needs.
Local Authorities stance on Staying Put placements
Review potential impact over next 5 years,
M8intsin dialogue with IOCAI authorities con￿rned,
Lobby govemment via FFP group,
Rewew Budget & 5 Year Plan to eamark potentia
caTer support.
Look at staff training to meet needs of Slaying Put
Over 18 support.
Rewew seNice provision,
Remew 51aff utilisalion,
Find ways of making savings in delivery,
Reduce central c05t base.
Governrnent l Local Aulhority cuts push down fees t
n5usiain8ble levels
Find value suppliers e.g. Insuranc8, IT, HR, etc.,
Review policy of limiting the number of placements i
ach area
inuease placement numbers at lowe
ee,
Co-operate with other smaller Pro￿7derS Iri the Sector,
Support the development of FFP and develo
influence in government I local authorities.
Monitor changes to the number of agencie
operating in the sector,
Research possiblè mèrgerlpurchase targets.
Get to critical mass and maintain pl8cemen
numbers,
Cornpet8 on fee rates and foster carer fees,
Continue to build add on serwces,
ector cK*nsolidalion hams small operators
Monitor LA for tender op
ortunities.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for fLrture periods
Our plans for the fu￿re..
The Aims and Objectives for 2025 continue lo be about recyuitment. retention and raising the profile of the Trust.
ReciuilmÈnl of new Carers is vital if we are to increase our capacity lo provide new placements going forward.
However, targeted recruitment in the right geographic31 areas and identrfying the right profile of Carers remains of
paramount importance. As a resuft we have updatèd our website and plan to run 'targeted' campaigns. throughout
the coming year.
Retention of Carers continues to be anotheT one ol our key objectives going into 2025. A5 such we have alTe3dy
made addits'onal 'one off payments to 311 of our foster families in recognition ol the very challenging economic
dimate they are trying to operate in. We also increased the respite allowance from 2 weeks lo three week5 from
January 2023 and infftased their mileagè allowan￿ by an additional 20 rniles. All of these c+)anges have been
enormously welcomed and appreciated by each of our fostering tiouseholds.
FTOM April 2023 the mileage allowance for staff was increased from 15ppm to 25ppm in recognition of the costs
involved in travelling. particularly our social work staff who often cover considerable distances to visit our fostering
families.
We took the decision at the start of autumn 2022 to close each of OLtr offi￿S one day per week lo try lo reduce our
running costs throughout the winter and into 2023r2024. This plan will Temain in place given its success and the
cost savings made.
We also operate a *day week for all stèff which has proved to be very successful in providing a good workllife
balance for all staff. This is now 8 permanènt change to all staff contracts as frorn May 2024.
Wè are now moving toward 3 rnore 'Trauma Informed, based agency. A5 a iesull we have a &year Road Map in
place taking us through lo 2029. The first year involved appointing our own Ikjll-time qualif5ed Psychotherapist. She
was appointed in September 2024 and is currently collating a full assessment ol the Trust, establishing a baseline of
where we eJJrrentty sit regarding htsw trauma infomed we are at present.
Acknowledgements:
This report is an opportunity for u5 to recognise those that help givè us our distinctive qLJalrty. This quality results
partly from the knowledge th8t our work is not undertaken for profft bul to ensure that children gel the caTe and
support they need to become well-adjusted and contributing adults later in life. Our tagline of a 'f8rfAily for life,
underlines our comrnilmenl to those who neèd it that we will help them in their transition to independent adurt living
wrth 5VPPOflive relationships beyond those provided within the state care system.
Our key debt is to OUT Outstanding Foster Carer5 as It is they who provide the ¢afe to those children entrusted to us.
Some of these individuals have provided deG3des of unflinching selfless service to their extended families, now
often including grandchildren. and even great-grandchildren. Others are re￿￿t recruits who Intend to work as
Foster CaFeis for a set period of their lives. To all of them. for all thèir skill and dedication, we remain eternally
grateful.
We additionally acknowled9e that it is our staff team who tsiganise and make thi5 P0$5ible. and we would lik$ to
lake this opportunity to thank them all. In addition to our direct staff we would like lo recognise and thank our wider
¢oFnmunity of retained sessional Social Workers and other speoali5ts, our Fostering Panel. key support firm5 and
consultants of all types who give us the professionalism we need to provide such an excèllent quality of care.
Finally. as Chairman. I would like to thank the Trustee5 for their u)ntribution as well as our other finanaal sUPPOrter5
who fund our 9foffih and h•lp to mak@ thp wgrk of thtt Truat achiov•bl•.

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tru5tse Training and Induction:
Thè Trustees have chosen lo manage the governance of the Trust as a small but involved group with
c4)mplementary skills covering our heritage and core values, our professional worf(, education, and corporate
business skills. The Trustees periodically consider whether. and where and when, additional or replacement skills
and experiences are required. Recruitment channels have indudèd national advertlsing, executive seaT¢h, the use
ol nationally accepted dearing houses, as well as individual networking lo seek out Specific skills or expertise.
Appointments are made after a process that allows candidates to explo￿ the Trust's work and become familiar with
the rnan3gernent team and the Trustees and then by the Trustee body in its entirety. Trustees undergo induction
and training in their resptsnsibilthe5 and development affecting both their role and the work of the Trust.
Related partles..
All related party tr3n$action$ be seen in nots 18 to the Finanaal Statements.
Auditor
In accordance with the comp8nls arti¢le$, a ￿$OlUtIon proposing that Cognilor Accountancy Lirniled be reappointed
as auditor of the company will be put at a General Meeting.
10-

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Rgferènce and admlnl$trative detalls of the charSty, trustèès and advlsèrs
Charity name:
The Children's Family Trust
Company rÈglstrdtion number:
00398875
Charity re9istsr¢d numbgr.
208607
Trustees:
Mr l Brazier
MT5 A Oliver
MT N Harri50n
Dr V Wigfall
MT D Vlfilliams
Dr M Hine
Mr T Gormley
Mrs K Blackman
Registered office..
Hanbury Court
Harris Business Park
Stoke Prior
Bromsgrove
Worcestershire
B60 40J
Chief ExecLrtive Officèr:
Mrs M Mulholland
Auditor5:
CognitorAccountancy Limrted
12 The Courtyard
Bunt5foTd Drive
Bromsgrove
Worce51eTShire
B80 3DJ
Solicitors:
BPE Soli&tors LLP
Sl James. House
St James, Square
Cheltenham
GL50 3PR
Bankers..
HSBC PIC
22 Abington Street
Nonhampton
NNI 2AN

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trusts•s Rèsponslblltti•$
The Tru51ee5 (who are a150 the Directors of the charity for purposes of company lawl are responsible for prepartng
the Trustees, Annual Report and the financial staternents in accordance with the Charities Act 2011, the Cornpanies
Act 2006, the Memorandurn and Artides of A550ciation. and Accounting and Report4ng by Charrties.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the F￿na￿a81 Reporting
Standard applicable in the UK and Republic of Ireland IFRS1021.
Cornpany law requires the Trustees to prepare financial statements for each finanaal year, which gtve a tnje and
fair view of the state of affairs of the charitable company and of its incoming resources and application of resources,
including its income and expenditure, lor that period. In preparing those financtal statements, we are required to..
seled suitable accounting policie5 and then apply them consistently.,
obsÈrvè thè mèthods and prinuplès in thè Chariti8$ SORP.,
make judgernents and estimates that are reasonable and prudent.,
stale whèther applicable thè Charitiès Aa 2011, the Companies Act 2006, the Memorandum and Artides of
Association, and A￿untIng and Reportirlg by Charities. Si8tem&nt ot RÈcommended Practice applieAble lo
charities preparing their 8ccount5 in accordance with the Finanual Rèporting Standard applie2ble in the UK
and Republic of Irelalld IFRS1021 havo been followed. subject to any material departures disdosed and
éxplained in thè financial statements., and
Prepare the financial staternents on the going ¢oncem basis unless it is inappropriate to presume that the
charity will continue in business.
The Tnjstees are responsible for keeping proper accoLJnting records that disdose with reasonable accuracy at any
time the financi81 position of the chaiity and enable them to ensure that the financial statements comply with the
requirernents ol the Companies Act 2008. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustee Indemnity insurance is included within Management Liability insurance cover provided by Zurich Insurance
with an overall limit of indemnity of £1million. The cost of the Trustee Indemnty insurance is not given as (t is not
separately identifiable wrthin the tsverall insurance cover cost.
ststement of Infomiation for Auditors:
In so far as the Trustees are aware..
there is no relevant audit infomiation of which the charity'5 audittsr is unaware, and
Thè Trnstees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and lo establish Ihal the auditor is aware of that infomation.
Smau Company Provlslons..
The Trustees, report ha5 been prepared in accordance with the provisions appIl￿ble to companies entitled to the
small companies. exemption provided by seciion 408 and section 474B Ibl of the Companies Act 2006.
Each of the Trustees has confirmed that there Is no Inftsmatlon ot whlch they are aware which Is relevani io me
audit. but of which the aurtitor is unaware. They have further confirrned that they have taken appropriaie steps io
identify such relevant information and to establish that the auditor is aware of suth infomiation.
12-

THE CHILDREN'S FAMILY TRUST
REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
On behalf of the Board of Trustees
lan Brazier
Chaimian
Hanbury Court
Harris Business Pa
Stoke Prior
8romsgrovè
Worcèstershlre
860 4DJ
Date..
27 March 2025
13-

THE CHILDREN'S FAMILY TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE CHILDREN'S FAMILY TRUST
Opinlon
We have audited the financAal statements of The Children's Family Trust (the 'TTUSt'I for the yeaf ended 31
December 2024 which comprise the statement of finanaal activities, the balance sheet. the Statement of cash flows
and notes to the finanaal statements, induding significant accounting policies. The financial reporting frarnework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standanl applicable in the UK and RepubliG of Ireland
Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion, the finanaal statements..
give a true and fair view of the Stale of the Charitable company's affairs as at 31 December 2024 and of its
Incoming resourees and application of resources, induding its income and expenditure. for the year then
ended.,
have been properfy prepared in accordance with United Kingdom Generalty Accepted Accounting Practs'ce..
and
have been prepared in accordance with the requirements of the Ctsmp8nies Act 2008.
Basls for oplnlon
We conduded our audit in accofdance with International Standards on Auditing IUKI (ISA5 IUKII and applicable
law. Our rèsponsibilities under those standards are further described in the Auditorfs tssponsibiliti&s for the audit of
the financial statements section of our report. We are independent of the in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our othei ethical responsibilities in accordance with these requirements. We believe
that th& audit emdence we have obtained is suffirjent and appiopftatÈ to prowde 3 basis for our opinion.
Concluslons relating to going concern
In auditing the financial stalemenls, we have concluded that the use of the gotng concem bxsis of aeeounting in the
preparation of the financial statements is appropriate.
Based on the work we have pertorniad, we have not identified any material uncertaintiès relating to events OT
conditions that, individually or collectively, may cast significant doubt ofi thè's ability to continue as a going concem
for a period of at least ￿e1ve months from when the financial staternents are authorised for issue.
Our responsibilities and the responsibilities of the with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements
and our 8uditor's rèport thereon. The are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other infomiation and. except to the e*Lent otherwise
eXpli￿lIY stated in our report. we do not express any lorrn of assurance conclusion theietsn. Our responsibility 15 10
read the other information and. in doing so. consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the course of the audit, or otherwise apptars lo be materially
misstated. If we identify such material inconsistencie5 or apparent material misstaternents, we are Tequired lo
detemiine whether this gives rise to a material rnisstatemenl in the financial statements themselves. If. based on the
work we have performed. we condude that there 15 a rnalerial misslalement ol this other infomiatson. we are
required to report (hat fad.
We have nothing to r&pon in this regard.
OpinSons on other matters prescribed by the Compantes Act 2006
In our OPiniOF). based on the work undertaken in the course of our audit."
the information given in the report for the finan￿al year for which the financial statements are prepared. whith
includes the directors, report prep8red for the purposes of company law. is eonsistent with the finan&al
statemerits.. and
the diredors, report included within the report has been Prepared in accofdanGe with applicable legal
requirement5.
14-

THE CHILDREN'S FAMILY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE CHILDREN'S FAMILY TRUST
Mottets on whlch we are required to report by exceptÉon
In the light of the knowledge and understanding of the an¢5 its enwionmenl obtained in the course of the audit. we
have not identified tnaterial misstatements in the directors, report included within the report.
We have nothing lo report in respect of IhÈ following matters in relation lo which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept. or returns adèquate lor our audit have not been re¢eivÈd
from branches not wsited by us., or
the financial statements are not in agreement with the accounting records and retums,. or
Certain di5dosures of trustees, remuneration specified by law are not made.. OT
we have not rèceived all the information and explanations we requi￿ for our audit., or
the were not entitled lo prepare the finanaal statements in accordance wrth tl)e small companies re9ime and
take advantsge of the small companies, exernption5 In prepanng the report and from the requirement to
preparè a strategic report.
Ro$ponslbllities of the Trugtees
As explained more fully in the statement of responsibilities. the who are 3150 the directors of the for the purpose of
company law. are responsible for the prepar81ign of the finanual statements and for being satisfied that they give
true and fair view, and for such Inteinal control as the determine is necessary to enable the prep8r8tion of financial
statements that are free from material misstaternent. whether due to fraud or error. In preparing the financial
ststements. the are responsible for assessing the's ability to continue as a going concem, disdosing. as applicable.
matters related to goino concem and using the g(>ing concern basis of accounting unless the either intend to
liquidate the charitable company or to cease operations, or have no realistic altemative birt to do so.
Auditorfs responsibilities for the audit of thè financial statements
Our objectives are to obtain reasonable assurance about whèther the finan&al staternents as a whole are free from
material misstatement, whether due to fraud or error, and to issue an audiiorfs report that indudes otjr opinion.
Reasonable assuran￿ is 8 high level of asskjranee but is not a guarantee that an audit conductèd in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise frorn fraud OT
erroT and are considered material if, individua15y or in the aggregate. they could reasonably b8 èxpected to inlluence
the economic decisions ol users taken on the basis of these finanual ststements.
A further description of our responsibilitie5 1$ available on the Finanaal Reporting Council'5 web51tè at.. https.'Il
V￿Vw.[r¢.org.uklaudrtQrSresp0n$ibiIitles. This description forms part of our auditor's report.
Use of our report
This report is rnade solely lo the company's members, 8$ 8 body, in accordance wth 5e¢lion 391 of the Companiès
Act 2014. Our audit work has been undertaken so that we might state to the company s rnernbers those matter5 we
are required to state to them in an auditols ieptsrt and for no othei purpose. To the fullest Èxtent permitted by law.
we do not accept or assume responsibility to anyone other than the company and the company'5 members as a
body. for our audit work, for this report, or for the opinlons we have formed.
Mr Mark Wamian (Senior Statutory Auditor)
ftsr and on behall of CoonitorAccountancy Llmited
Chartered Certified Accountants
statutory Auditor
12 The Courtyard
Buntslord Drive
Brom5grove
860 3DJ
15-

THE CHILDREN'S FAMILY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrnstrf¢tsd Unrnstrieted R&striet
funds
funds
funds
Designated
2024
Total
Total
2024
2024
2024
2023
Notes
Income from:
Don31ions and legacies
Charitable activitie5
Foster care local authority fees and
recharges
Student lees
Investments
22.512
22.512
67,735
9,715,713
14001
.786
9,715.713
14001
99,786
8,956,790
2.400
43.242
Totsl in¢ome
9,837,611
9,837,611
9,070.167
Ex
enditure on:
R8151ng funds
Fundraising 8nd publicity
Investrnenl managèment
336
63,320
336
63,320
301
58,257
63,656
83,656
58.558
Charitable activi
Foster care
Fosterino independencè
Lrfelime carer costs
9,446,305
638
9,446,305
638
85,814
8,918,457
1,547
82,852
85,814
Total charftable expendlture
9,446,943
85.814
9,532.757
9,002,856
Total exp•nditur8
9,510,599
85.814
9.596,413
9,061,414
Net galnslllossesl on investments
64,83
Gross transfers between funds
185,814)
85,814
Net income for the yearl
Net movement In funds
241.198
241,198
73,S89
Fund balances a11 January 2024
2,577,945
1,145,571
412
3.723,928 3,650.339
Fund balances at 31 Decembtrr 2024
2.819,143
1.145,571
412
3,965,126 3,723.928
Tha statement of financial activities includes all gains and1055es recognised in the year.
The stalernent of financial activitses indudes all gains and losses recognised in the year. All income and expendilure
denve 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 2024
The statement of financjal 3¢lwilies 8150 complies with the requirements for an income and expenditure account
under the Companies Act 200S.
17-

THE CHILDREN'S FAMILY TRUST
BALANCE SHEET
AS AT31 DECEMBER 2024
2024
2023
Nots¥
Fixed assets
Tangible assets
Investments
10
11
1,949,987
6,093
1,537.530
6,093
1,956,080
1,543,623
Current assèts
Debtors
Cash al bank and in hand
12
883.119
1,52e.370
1,070,527
1,505,921
2,409,489
2,578,448
Crèdltors: amounts falling due withln
one year
13
1354,4421
1350,1431
Nèt current assets
2,055,047
2.228,305
Totsl a$sats lègs eurrent liabilities
4.011,127
3.769,928
Creditots- amounts falllng due after
more than one year
14
146,0001
146,0001
Net asspts
3,965,126
3,723.928
In¢ome funds
Restricted funds
Unrestricted fund5- designated
General unrestricted fund5
15
412
1,145.571
2,819,143
412
1,145.571
2,577.945
3.965,126
3,723.928
These financial staternenls have been prepared in accordance with the provisions 3pplicèble to companies subject
to the small companies rè9ime.
The financial statem*)ts were approved by th¢ Trustees, authorised for i35ue and signed on its behaw.,
Mr l Brazier
Trustee
Company registration number 00398875
18-

THE CHILDREN'S FAMILY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notss
Cash flows from opernting activiti05
Cash generated fromllabsorbed by)
operations
23
379,329
1577,8421
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of lang￿ble fixed
assets
Proceeds from disposal of investments
Investment income re¢eived
1458.6661
1300.0631
450.000
955.000
43.242
99,786
Net cash (used inllgenerated from
investing acttvitF88
1358,8801
1,148,179
Financing activitie¥
Repayment of bank loans
167,24n
Net ¢ash used In finan¢ing activitie¥
167.2471
Nèt increase In cash and cash equivalènts
20.449
503,090
Cash and cash equivalents at beginning of year
1.505.922
1,002,832
Cash and cash èqLtlvalènts at end of yèar
1.526.371
1,505,922
19-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Ac¢ounting policies
Charity information
The company 15 8 company lirnited by guarantee. The directors of the company are the trustees named in the
"reference and adrninistration details" In the event of the company being wound up, the liabilities in respect
ol the guarantee is limited to £5 per member of the company.
1,1 Accounting eonventlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Rècommended Practice applicable to ¢harities 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 applieable in the UK and Republic ol Ireland IFRS1021 and the
Companies Act 2006.
The Children's Family Trusi meÈis ihe definition of a public benerrt entsty under FRS102. Assets and liabilities
arè initially recognised at historic cost or transaction value unless Otherwise ststed in the rdevant accounting
policy notes.
1.2 Going concem
At the ts.me of approving the finanaal statements, the have a reasonable expectation that the has adequate
resources to continue in operational existence for the foreseeable future. Thus the continLte to adopt the going
concem basis of accounting in prepanng the finanaal statements.
The trustees have prepared detailed finanaal and trading performance projections for thè ensuing year.
Those projections are prepared as far as possible by induding only known business that the cornpany 15
contraded lo. or extremely likely to contracl to, and cairy out during the year. Those projections are reviewed
and rew5ed at the end of each reporting period within the company's financial year. On the basis of those
projections, thè Irvslees have satisfied themselves, as far as they are reasonably able and unforeseen events
aside. that the company is in a position whereby it may adopt a going concern basis of accounting in
pr8paring tho annual financial 5taternents.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the in furtherance of their Charitable objectives.
Restricted fund5 ale subject lo specific conditions by donors or grantors as lo how they may be used. Th8
purposes and uses of the restricted funds are set oul in the notes to the finanaal statements.
1.4 In¢ome
All incorning resources are induded in the Statement of Financial Activities when the company is legally
entitled to the income and the amount can be quantffj8d with reasonable accuracy. For legacies, entitlement
is the eartiest of the company being notified of an impending di5tributs.on or the legary being received.
Gifts in kind for distribution are induded at valuation and recognised as income when they are distributed to
the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are
indvded at the value to the company where this can be quantified, and a third party is beanng the cost. No
amounis are induded in the finanoal Statements for seTrices (Jonated by volunteers.
Income tax reeoverable in relation to donations r￿1Ved under aid or deèds of covenant Is recognised at
the time of the donation.
20-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Icontlnuèdl
l.S Expenditure
All expenditure is accounted for on an accruals ba51s and has been induded under expense categories that
aggregate all costs for allocation to activities. Where costs cannot be directly 8ttribuled to p8rtieular actiwties,
they have been allocated on a basis consistent with the use of the reserves.
Support costs are those costs incurred directly in support of expenditure on the object5 of the company and
include project management carried out al he8dquarters. Governance Costs are those incurred in connection
with administTalion ol the cornpany and compliance with constitutional and statutory requirements.
Charitable expendituiè comprises those costs incurred by the charrty in the delivery of its 3d1vit￿￿$ and
5eFvices for its benefiaaries. It includes both costs that can be allocated directly 10 5u¢h activities and those
C05t5 of an Indirect nature necessary to support them.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured al c05t or valtjalion, net of
depreciation and any impaiment losses.
Depreciatitsn is recognised so as to write off Ihe cost Of valuation of assets less their residual values over their
useful lives on the following bases..
Buildings
OffiTr improvements
Fixture5. fittings and equipment
2% straight line
over lease term
330A straight line
The gain or loss arising on the disposal of an a55et is deterrninèd gs the difference bets¥eèn the sale proceeds
and the caTrying value of the asset, and is recognised in the statement of finan¢s81 activities.
Only iterns over £1.000 are capitali5ed.
1.7 Fixed a55et inv•stments
Investments
Investment pmperties..
Investment properties are included in the balance sheet at their open rnarket value in accordance with the
SORP. Gains and losses on disposal and revaluation are charged or credited lo the Statement of Financial
Activities.
Listed Investments
Listed investrnents have been stated at mid-market value at the balance sheet dale. Realised gains or lossès
are calculated as the difference betwèen sale pr￿ed5 and market value at the prewous balance sheet date.
A]1 gains and losses whether realised or unTealised are taken lo the Ststement of Finanual Actiwties.
Unlisted Inveslm8nts
Unlisted investments are valued at COSt.
Investments in subsidN8rigs 8nd joint ventu￿S
Investments in sub5idiarie5 and joint ventures are rec4)gnised at cost less impaiTrnent.
1.8 Taxation
The company is a registered charity and as stjch is not generally liable to tsxation.
21

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountiny policles
(Continued)
1.9 Employee benefits
The cost ol any unused htsliday entitlement Is recognised in the period in whith the employee's Se￿1¢￿5 are
received.
Termination b9nèfits are recognised irnmedialely as an expense when the 18 demtsnstrably committed to
terminate the employment of an employee or to prowde termination benefits.
1.10 Pension costs
The wmpany has a group pension plan in place with Royal London. Since InlrodLJelion uptake of the scheme
has been very high with 52 employees in the scheme as at 31 st 0ecernbeT 202412023.. 481. The ernployee
¢ontribution rale is 5°/o. This is Standard for all employees. The tru51 malehes employees contribution r8lès
up to 5% of salary.
In addbtion. the company conlribules to 2 indiwdual person81 pension schemes which We￿ In place before the
company group pension plan. Again, the Irusl matches employee contribution rates up to 5QA of salary.
The annual conth"butions payable are charged lo the Slalement of Finanryal Activities.
1.11 Fund accounting
General funds are unreslri¢ted lunds which are available lor use at the discretion of the trustees in furtherance
of the general objeGtive$ tsf the company and which have not been designaled for othèr purposes.
Designated funds compromise unrestricted frJnds that have been sei aside by the tTUStees for particular
purposes. The aim and use of each designated fund are set out in the notes to the financi81 statements,
Restricted funds are funds which are to be used in accordance wf(h specific restrictions imposed by the
donors whic* have bèen raised by the company for a particular purpose, The Cost of raising and
administering Such funds are charged a9ainst the specific fund. The aim and use ol each restricted lund are
Set out in the notes to the flnanrial Statements.
Investment in￿Me, gains and Iusses are allocated lo the appropriate fund.
Donatlons and lega¢los
Unrestrlcted Unrestricted
funds
funds
2024
2023
Donations and legacie5
22,512
67,735
Income from Investments
Unrestrl¢t8d Unrn5tMCt•
funds
funds
2024
2023
Rental income
99,786
43,242
-22-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraisin
and ublici
Seeking donations and le9aCIèS
336
301
198
272
Charitsble aetlvltles
Foster care
Fostering
Lifetime
Independènce carer costs
2024
2024
Totsl
2024
Totsl
2023
2024
Depreciation and impairment
Families costs
Foster panal and carers recruitrnent
Salaries and related
25,072
6,223.285
30,363
1.719,124
18,008
43,080
34.305
S5,125 6,278.410 5.831.749
30.363
42,972
1,719,124
1,590,415
7,997,844
73.133 B.070,977
7,499,441
Sh8Te of support costs (see note 61
Shale of governance costs (see note
61
1,336,579
589
11,701
1,348.869 1.399,156
111,882
49
980
112,911
104,259
9,446,305
838
85,814
9.532,757 9.002.856
Analysis by fund
Unrestricted funds
Unrestricted funds- designated
9.446,305
638
9,446,943 8.920,004
85.814
82,852
85,814
9,446.305
638
85,814 9.532,757 9,002,856
-23-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support and governance costs
Support Governanc•
costs
¢osts
2024
2023 Basis of allo¢•tlon
Stsff costs
Depreaation
General office costs
852,572
3,130
493,167
74,137
926,709
3.130
495.148
833.818 On lirne spent
5,636 Direct usage
628,925 Pro rata FTE Staff
1,981
Audlt ltr&$
Legal and professional
8ank charges
Trustees exp8nsg8
reimbursed
Tru$lo• board mtrelings
6,318
2S,777
3,088
8.318
25,777
3,088
8,128 Govomane•
18,637 Govemance
3,042 Governance
Governance
895
735
695
735
1,820
5,411 Govem8n¢e
1,348,869
112,911
1,461,780
1.503,415
Afialysed between
Charitabl• activttias
1,348.869
112,911
1,461,780
1.503,415
Employ•e•
The average monthly numbei of employees during th• yoar wa$..
2024
Number
2023
Numb•r
Direct charitable purpose8
Management an¢J aémini8lratlon
45
45
Total
54
Employment co•ts
2024
2023
Wag•s and salaries
Social security ¢o$ts
Other pension ¢08ls
2,143.448
232.617
269,769
2,016.760
215,111
192,360
2,645,834
2,424,231
.24-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Employ•
(Continued)
The number of ttmployees whose annual rernuneration was more than £80.000
is as follows..
2024
Number
2023
Mum￿r
In the band £60,001 - £70,000
In the band £70.001 £60,000
In the band £80,001 £90,000
In the band £100,001 £120,000
For th&sa 8mploy••g •mploy8rs p•nsion eontributions amountad lo £79,94312023.' £38,482).
The ch3r￿Y Iruslee8 wert not p81d 8nd dld not recelve any other benefits from employment wrth the ch8rlly In
the year12023.' £nill. No charity trust0• r8c•iv•d paym•nt for profes8iong1 seNic•s 8uppli•d to th• charity
12023.. £nill.
The kgy managgm8nl personnel of the ¢haTly compdse of th• trustges, the Chief Executive Offlcer and the
Head of Service. Th8 tot81 &mploy8e bénefits of the koy rn8nag8m8nt personnol were £190.00812023 on th
$Bmo bg$is £186,916).
G•ln• and lo•s•• on InV￿lMont•
Unro*trl¢t•d Unr••trfet•d
fundg
nd8
2024
2023
G8insllloJsfj$l arising on..
Sale of investments
84,8
Taxatlon
The charity is exempl from taxation on its actiwties because all its Income is applied for chadtable purposos.
-25-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Tanglble fixed as¥ets
Bulldlngs
Flxtur88,
ffttlngs and
e4ulpment
Improvam•nt8
Cost
At 1 J8nu8ry 2024
Additions
1,721,808
433,588
119,241
14,484
279,598
10,595
2.120,647
458,667
At 31 December 2024
2,155,396
133,725
290,193
2,579,314
Depreciation and impaimient
At 1 January 2024
DepreLTation ch8Tged in ihe year
198,143
38,411
115,243
2,220
269,731
5,579
583,117
46,210
At 31 De￿rnber 2024
236,554
117,463
275,310
629,327
Carying amourrt
At 31 December 2024
1,918,842
16,262
14,883
1,949,987
At 31 Dècembèr 2023
1.523,665
3.998
9,867
1,537.530
11 Fixed asset inve8lJnents
Prograrnme
Othar
Relatsd Investmènts
Total
Cost or valuation
At 1 January 2024 & 31 December 2024
6,091
6,Q93
Carying amount
Al 31 Detember 2024
6,091
6,093
At 31 Decernber 2023
6,091
6.093
2024
2023
Other investments ¢omprise'.
Notes
Investments in subsidiaries
-26-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Fixed asset investmEnts
Icontlnuedl
Unll$tsd s¢euriti•s
Unlisted securities ar8 hèld at cost and relate to a National Sawngs Bond.
Investment In sub51dlary
Al 31 December 2024 the trust held 100% of the allottèd share Capital of CFT Trading Ltd, 3 company
registered in England and Wales, which is a domianl company.
Capital and re$8rves of the subsidiary undertaking at 31 Decernber 2024 and at 31 December 2023 were •$
follows..
Share capital
Resetves
£2
£2
All fi¥ed asset investments are held in the UK
Programme R¢l#tsd Invésknents
Investsnent In Skyrocket
C05t 8S 811 Jgnuary 2024 and 31 December 2024
6.091
Net book value as at 31 December 2024
6,091
The trust owns a half share of the net sssetg of SkyrocJ¢et Partnership Limrted, a company incorporated in
England. The joint venture prowdes training pro9r8mmes specifically aimed at training and mentoring
registered managers in the fostering secior.
The trust reeognises the 1n￿strnent in the joint controlled entity at cost less and impairrnent to date. For the
period ended 30 Junè 2024 the entity re(x)rded a loss of £2.021 12023.. Surplus tyf £3,190) and had a doficit on
reserve5 of £16.03412023 £14.0131 al the balance sheet date.
12 Debtors
2024
2023
Amounts falllng due withln one year..
Trade debtor5
Other debtors
Prepayments and accrued income
763,827
21.612
97,880
937,207
13,932
119,388
883.119
1,070,527
-27-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Creditors: amounts falling due wlthin one year
2024
2023
Other taxation and social securty
Trade ueditors
Other creditor5
Accruals and deferred income
54,700
34.701
21,465
243.578
59,726
44,928
245.487
354,442
350,143
14 Creditors: amounts falllng dué aftèr morè than one year
2024
2023
Di18pidation5 provision
46,000
46,000
The dilapidations provisTron relates to two properties.
15 Restricted funds
The restricted funds of the charty comprise the unexpendtsd balanees of donations and grants held on trust
subject to spe¢4fic conditions by donors as to how they may be used.
At 1 January
2024
At31
Dèe•mbèr
2024
412
412
Previous year:
At 1 January
2023
At31
December
2023
412
412
The rèstricted funds remaining at the year end were £412. Of this £300 related to a Big Lottery Fund grant
received in 2016 of £8,760 to fvnd media work5hop¥ lo produce educational thdeos around the themes of
being in foster care and as50(aated i5sue5.
-28-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Designated funds
The unrestn.cted funds of the charity ¢omprise the unexpended balancès of donations and grants which are
not Subject to specific condiliuns by donoT5 and grantors as lo how they may be usèd. Thèse include
designated funds which have been sel aside out of unrestricted lunds by the Iruslees for specific purposes.
Movement
in funds
Incomlng
Balance at
rosoUr￿¥1 Jonuary 2024
Movement in funds
Incornlny
resources
Resotsrce5
expended
8alance ai
31 December
2024
Lifetime carel costs
185.8141
85.814
185.8141
85,814
The designated fund provides funds lo meet costs in relation to our support to Lifètime Foster Carers. Thè
d)arity does not receive any direct income to prowde the support. The timin9 of èxpenditure for these
designated funds is likely to be spread over the next 25 to 30 year5. Th8 fund is represented by the fixed
assets, which include houses owned by the ch8rity and Ljsed by carèrs. The transfer behveen designated and
general funds equates to the value of the lifetiTne carer costs incurred in the year.
17 Analy518 of net 4¥sets be￿en fund¥
u￿r￿triCted Restricted
funds
funds
2024
2024
Total Unrestricted
funds
2023
Restricted
fijnds
2023
Total
2024
2023
Fund balances at 31
De￿rnber 2024 are
represented by..
Tangible assets
Investments
Current assetsllliabilities)
Long lem liabilities
1,949,987
6,093
2,054.632
146,0001
1,949.987
6.093
2,055,044
146,0001
1.537,530
6,093
2,225,894
146,0001
1,537,530
6.093
2.226.306
146,0001
412
412
3,984,712
412 3,965,124
3,723.517
412
3,723,929
The rnajority of thé tharity's income, and therefore expènditure, continues lo relate to foster Eare placements
with l(Ical authorities. This is d8ssified as unrestricted In￿Me as it is felt that this best reflects the substance
of ttte transactions.
29-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Trustèe Remuneration and Related Party TrnnsactionB
The charity was under the control ol the Trustees (listed in reference and administrative details) during the
eurrent and previous year. No Tnjslee received any remuneration during the year12023.' £nill.
The Trustees were réimbursed £735 12023.. £1,820) for their travel and subsistence eosts, included in
pursuance of the charity's objectives. The amount reimbursed during the year of £895 was in respect of
Jaims received from 4 of the 7 trustees who Served during the year 12023.. £5,511 in rèspect of Glaims
rèceived from S of the 7 trustees who served during 20231.
The tTUStees and management have tsken stèp$ to ensure all related party transacb'ons are on nomal
commercial terms.
19 Financial commitments. gu8￿nte&S and eontingent liabilities
At 31 Decernber 2024 there were no new financial commitments, guarantees or contingent liabilftiès requiring
disclosure12023.. £nill.
20 Capital commitments
2024
2023
Acquisition of property, plant and equipment
433,484
21 Events aftgr th8 reportlng date
There a¥e no events requiring disdosure after Ihe balance sheèt date.
22 Operating lease commlknènts
At the reporting end date the eharity had outstanding commitments for future minimum lease payments under
n0￿CanCelIable operating lèases, which fall due as follows..
2024
2023
Within one year
Between two and five years
99.771
243.390
127,558
326.607
343,181
454,16S
30-

THE CHILDREN'S FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Cash generated from operations
2024
2023
Surplus for the yèar
241,198
73,589
Adjustments for..
Investment income recognised in statement of financial actiwties
Gain on disposal of Investmen15
Depreaation and impairrnent of tangible fixed assets
199,7861
143,2421
164,8361
39,941
46.210
Movements in working capital..
Decxeasellin¢ie3sel In debtors
Increaselldecreasel in creditors
187,408
4.299
1554,1831
129.1111
Cash generated fromllabsorbed by) operations
379,329
(577.8421
31