REGISTERED COMPANY NUMBER: 01546688 (England and Wales) REGISTERED CHARITY NUMBER: 509163
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Johns Jones & Lo Limited Chartered Accountants & Registered Auditors 16 Lambourne Crescent Cardiff Business Park Lianishen Cardiff CF14 5GF
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
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|Report|of the Independent|Auditors|4|to|6|
|Statement|of Financial|Activities|7|
|Balance|Sheet|8|to|9|
|Cash|Flow Statement|10|
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|Detailed|Statement|of Financial|Activities|21|to|22|
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The Society was established to promote the welfare of children, families and individuals irrespective of creed, but particularly those of the Roman Catholic faith. On the 14th October 2008, in order to comply with equality legislation, the Society formally separated from the Roman Catholic Dioceses of Wales and became an independent adoption agency.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the objectives and aims and in planning future activities and setting the grant making policy for the year.
STRATEGIC REPORT
Achievement and performance
We have continued to consolidate our core business and strengthen our Welsh identity and are now registered as a fostering agency.
2025 continued to be a difficult year for the sector across the UK, with placements remaining low, cost saving exercises have been put in place.
We report that we have made a deficit of £84,839 this year. In 2024 we made a deficit of £331,297.
Financial review
Going concern
Support services for adopters have fully returned to being undertaken in person, for group activities and individual support.
St David's Children Society operates under the branding names of St David's Adoption Service; St David's Fostering Service and AFKA Cymru.
AFKA Cymru have continued to meet the need and demands in respect of service delivery to professionals in the social care sector. Alongside this they delivered on contracts for the National Adoption Service and Welsh Government. It is anticipated that this will be replicated for 2025/26.
Registration as a fostering service has enabled diversification and the delivery of Welsh Early Permanence in alignment with the National Adoption Service.
The Society strives to maintain sufficient reserves equivalent to approximately six months of expenditure.
Future plans
The Society continues to take steps to increase its resources for the next few years.
- The Society continues to use its charitable status to explore Trust fund applications for funding to develop its Fostering Service in line with Welsh Government's policy directive of eliminating profit from care -~ ADelivery joint initiativeof Welsh to designEarly Permanence and deliver a National Access to Records Service - Established Early Alert arrangements to enable early identification of children with adoption as their plan - AFKA Cymru awarded grants up to and including the financial year 2025/26 - Greater focus on fundraising
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Society is governed by its Memorandum and Articles of Association. The Society is a company limited by guarantee, accordingly has no share capital. The Society is a registered charity, number 509163.
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and
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Recruitment and appointment of new trustees The Trustees are appointed by the Board of the Trustee committee, The Trustees are recommended by the Secretary to the Trustee Committee who review and approve where appropriate.
Organisational structure The Society is run by a Committee of Management. Overall responsibility for the Society's day-to-day management is delegated to the CEO, Mr Jason Baker.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01546688 (England and Wales)
Registered Charity number 509163
Registered office Lambourne House Lambourne Crescent Llanishen Business Park Cardiff CF14 5GL
Trustees Professor K H Shelton (resigned 19.3.2025) Mr A Jones Vice chair Mrs M McGowan (resigned 28.2.2025) Mr, A S Lusk Mr P Chick Chair Mr T W Connor (resigned 11.12.2024) MR F Moloney Mr T Champken Dr K Holder Ms D A Evans Mr M D Clark Mrs S M Radford (appointed 11.12.2024) Mrs RE Saxton Research RE Saxton Research Saxton Research Research Associate (appointed 19.3.2025)
| Mrs RE Saxton Research RE Saxton Research Saxton Research Research Associate (appointed | Company Secretary MrJ Baker : Auditors : : Johns Jones & Lo Limited : Chartered Accountants & Registered Auditors 16 Lambourne Crescent Cardiff Business Park : Llanishen Cardiff CF14 SGF
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of St David's Children Society Company Limited by Guarantee for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with 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 detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
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/
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The tuditors, Johns Jones & Lo Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. Trustees’ repart, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on LessesstesseefofeuG@pneelQe ded. and signed on the board's behalf by: {}
Mr \ Chick - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE
Opinion
We have audited the financial statements of St David's Children Society Company Limited by Guarantee (the ‘charitable company’) for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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- have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion,
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions — that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
- We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the trustees Report is inconsistent in any material respect with the financial statements; or - the charitable company has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE
Responsibilities of trustees
As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including matters in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
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Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud.
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of charity activities and reviewing accounting estimates for bias;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
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Reviewing minutes of meetings of those charged with governance; and -Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection,
Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors,
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this,report, or for the opjtions we have formed.
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Omri?
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V-. a
for an ehalf of Johns Jones & Lo Limited Chartered Accountants & Registered Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 16 Lambourne Crescent
Cardiff Business Park Llanishen Cardiff CF14 5GF
Date: een «(Qe
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
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|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations and|legacies|2|35,037|4,490|
|Other trading|activities|3|1,061,071|751,021|
|Investment|income|4|11,119|12,918|
|Other|income|5|450,294|475,483|
|Total|1,557,521|1,243,912|
|EXPENDITURE ON|
|Raising funds|6|8,030|11,674|
|Charitable|activities|7|
|Direct|charitable|activities|1,625,756|1,556,883|
|Governance Costs|7,750|6,652|
|Other|824|-|
|Total|1,642,360|1,575,209|
|NET INCOMEKEXPENDITURE)|(84,839)|(331,297)|
|RECONCILIATION|OF|FUNDS|
|Total funds brought|forward|638,296|969,593|
|TOTAL FUNDS CARRIED FORWARD|553,457|638,296|
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The notes form part of these financial statements
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
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|31ST MARCH|2025|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Intangible|assets|13|-|3,834|
|Tangible|assets|14|12,388|11,155|
|12,388|14,989|
|CURRENT|ASSETS|
|Debtors|15|374,692|394,200|
|Cash|at bank|and|in|hand|705,570|817,090|
|1,080,262|1,211,290|
|CREDITORS|
|Amounts|falling due within|one year|16|(539,193|)|(587,983|)|
|NET CURRENT|ASSETS|541,069|623,307|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|553,457|638,296|
|NET ASSETS|$53,457|638,296|
|FUNDS|18|
|Unrestricted|funds:|
|General|fund|553,457|638,296|
|TOTAL FUNDS|553,457|638,296|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025,
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
BALANCE SHEET- continued 31ST MARCH 2025 The/ financial, statements were approved by the Board of Trustees and authorisedsed for issueforsve onon.............9 xtaniQn.G etka.BNC and were |i iibehalf by: dr[P][Chick][-][Trustee]
The notes form part of these financial statements
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
| CASH FLOWSTATEMENT | |||
|---|---|---|---|
| FORTHE | THEYEARENDED31STMARCH 2025 | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Cash flows from operating activities Cash generated from operations |
21 | (116,386) | (269,805) |
| Netcash used in operating activities | (116,386) | (269,805} | |
| Cash flows from investing activities | |||
| Purchaseofintangible fixed assets | - | (250) | |
| Purchaseoftangible fixed assets | (6,254) | (7,149) | |
| Saleoftangible fixed assets | |||
| Interest received | 11,119 | 12,918 | |
| Netcashprovided by investingactivities | 4,366 | 5,519 | |
| Change in cash and cash equivalents in the | |||
| reporting period | (111,520) | (264,286) | |
| Cash and cash equivalents at the beginning | of | ||
| the reportingperiod | 817,090 | 1,081,376 | |
| Cash and cash equivalents at the end ofthe | |||
| reportingperiod | 705,570 | 817,090 |
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The notes form part of these financial statements
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
i ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to. that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grant entitlement
Each year, the charity applies for various grant funding from several third parties.
The grants have been recognised as income over the period necessary to match them with the related services being provided, for which the grants are intended to assist with/ compensate costs incurred in their deliverance. These are recognised in line with the time frames specified in the grant approvals.
Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Software - 25% straight line method.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance Computer equipment - 25% on reducing balance
Taxation The charity is exempt from taxation on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES - continued
Operating leases
Expenditure on operating leases is recognised in the accounting period to which it relates.
- DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Donations | 34,893 | 4,34] | |
| Covenants and Gift aid | 144 | 149 | |
| 35,037 | 4,490 | ||
| 3. | OTHERTRADING ACTIVITIES | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Training Course Income | 260,486 | 240,078 | |
| Agencycosts reimbursements | 795,729 | 510,943 | |
| FosterCareManagementIncome | 4,856 | - | |
| 1,061,071 | 751,021 | ||
| 4, | INVESTMENTINCOME | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Deposit account interest | 11,119 | 12,918 | |
| 5. | OTHERINCOME | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Grants | 450,294 | 475,483 |
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
- RAISING FUNDS
| Other trading activities | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation | 8,030 | 11,674 | ||
| 7. | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| £ | £ | £ | ||
| Directcharitable activities | 1,625,756 | - | 1,625,756 | |
| GovernanceCosts | - | 7,750 | 7,750 | |
| 1,625,756 | 7,750 | 1,633,506 | ||
| 8. | SUPPORT COSTS | |||
| Governance | ||||
| costs | ||||
| £ | ||||
| GovernanceCosts | 7,750 | |||
| 9, | NETINCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Auditors’ remuneration | 7,750 | 6,652 | ||
| Depreciation - owned assets | 4,196 | 2,507 | ||
| Deficiton disposal offixed assets | 824 | - | ||
| Computer software amortisation | 3,834 | 9,167 | ||
| Staffpension contributions | 103,116 | 105,685 | ||
| Operatingleasecharges | 40,331 | 35,970 |
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10, TRUSTEES' REMUNERATION AND BENEFITS
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ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
Trustees benefits for the year to 31st March 2025 for Ms M McGowan totalled £2,848 (31.03.2024 - £2,628). These were in relation to private health cover.
Trustees’ expenses
The following travelling expenses were reimbursed to trustees during the year:~
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Mr, A .Lusk | 23 | 49 |
| Mr T. Connor | 115 | 789 |
| Ms D. Evans | 276 | 62 |
| Mrs. M. McGowan | 0 | 0 |
| 414 | 900 |
il.
STAFF COSTS
| STAFF COSTSCOSTS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 1,091,617 | 1,081,739 |
| Social security costs | 96,531 | 106,060 |
| Otherpension costs | 103,116 | 105,685 |
| 1,291,264 | 1,293,484 |
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Full time | 8 | 10 |
| Part time | 18 | 16 |
| 26 | 26 | |
| The numberofemployees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: | ||
| 2025 | 2024 | |
| £60,001 -£70,000 | 1 | 1 |
| £70,001 -£80,000 | ||
| £80,001 -£90,000 | - | 1 |
| 2 | 2 |
There were 2 further employees, in addition to the above that during the period received employee benefits including employer pension in excess of £60,000 but below £70,000.
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12, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
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||||||
|---|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations and|legacies|4,490|
|Other trading|activities|751,021|
|Investment|income|12,918|
|Other income|475,483|
|Total|1,243,912|
|EXPENDITURE ON|
|Raising|funds|11,674|
|Charitable|activities|
|Direct charitable|activities|1,556,883|
|Governance|Costs|6,652|
|Total|1,575,209|
|NET INCOME/(EXPENDITURE)|(331,297)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|969,593|
|TOTAL FUNDS CARRIED FORWARD|638,296|
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- INTANGIBLE FIXED ASSETS
14,
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
| INTANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Computer | |||
| software | |||
| £ | |||
| COST | |||
| At 1stApril 2024 | 36,729 | ||
| Disposals | (5,500) | ||
| At 31stMarch 2025 | 31,229 | ||
| AMORTISATION | |||
| At Ist April 2024 | 32,895 | ||
| Charge foryear | 3,834 | ||
| Eliminated on disposal | (5,500) | ||
| At 31st March2025 | 31,229 | ||
| NETBOOKVALUE | |||
| At 31st March 2025 | - | ||
| At 31st March2024 | 3,834 | ||
| TANGIBLE FIXEDASSETS | |||
| Fixtures | |||
| and | Computer | ||
| fittings | equipment | Totals | |
| £ | £ | £ | |
| COST | |||
| At Ist April2024 | 9,510 | 88,321 | 97,831 |
| Additions | - | 6,254 | 6,254 |
| Disposals | (9,510) | (76,801) | (86,311) |
| At3lstMarch 2025 | - | 17,774 | 17,774 |
| DEPRECIATION | |||
| At IstApril 2024 | 9,510 | 77,166 | 86,676 |
| Chargeforyear | - | 4,196 | 4,196 |
| Eliminated ondisposal | (9,510) | (75,976) | (85,486) |
| At 31stMarch 2025 | - | 5,386 | 5,386 |
| NETBOOKVALUE | |||
| At 31stMarch 2025 | - | 12,388 | 12,388 |
| At3IstMarch2024 | - | 11,155 | 11,155 |
Page 16
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
17, LEASING AGREEMENTS
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
16.
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | 233,193 | 250,444 |
| Other debtors | 120,038 | 110,821 |
| WG ATSMoney | - | 12,488 |
| Prepaymentsandaccrued income | 21,461 | 20,447 |
| 374,692 | 394,200 | |
| CREDITORS: AMOUNTSFALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade creditors | 287,633 | 21,923 |
| Social security and othertaxes | 25,156 | 24,677 |
| VAT | 12,822 | 17,356 |
| Other creditors | - | 440 |
| Deferred income | 168,871 | 477,379 |
| Accrued expenses | 44,711 | 46,208 |
| 539,193 | 587,983 |
Deferred income relates to monies received by the charity that have not yet been recognised as income in the financial statements. The monies will remain in deferred income until such time that the charity is entitled to the funds.
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Withinoneyear | 13,800 | 35,954 |
| Betweenone andfiveyears | - | 141,671 |
| In more than fiveyears | - | 43,750 |
| 13,800 | 221,375 |
Page 17
- MOVEMENT IN FUNDS
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2625
==> picture [465 x 529] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|638,296|(84,839)|553,457|
|TOTAL FUNDS|638,296|(84,839)|553,457|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,557,521|(1,642,360)|(84,839)|
|TOTAL FUNDS|1,557,521|(1,642,360)|(84,839)|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|969,593|(331,297)|638,296|
|TOTAL FUNDS|969,593|(331,297)|638,296|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,243,912|(1,575,209|}|(331,297)|
|TOTAL FUNDS|1,243,912|(1,575,209)|(331,297)|
----- End of picture text -----
Page 18
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
==> picture [458 x 100] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|969,593|(416,136)|553,457|
|TOTAL FUNDS|969,593|(416,136)|553,457|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
==> picture [462 x 90] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,801,433|(3,217,569|)|(416,136)|
|TOTAL|FUNDS|2,801,433|(3,217,569|)|(416,136)|
----- End of picture text -----
19, RELATED PARTY DISCLOSURES
The only related party transactions incurred were in relation to reimbursed expenditure and private healthcare to Trustees. All of which have been disclosed within the notes to the financial statements.
20,
ULTIMATE CONTROLLING PARTY
The company is limited by guarantee and has no share capital . Therefore there is no ultimate controlling party.
21,
==> picture [464 x 146] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|RECONCILIATION|OF NET EXPENDITURE TO|NET|CASH|FLOW FROM|OPERATING|ACTIVITIES|
|2025|2024|
|£|£|
|Net|expenditure|for the|reporting period|(as|per the|Statement of Financial|
|Activities)|(84,839)|(331,297)|
|Adjustments|for:|
|Depreciation|charges|8,030|11,674|
|Loss on|disposal|of|fixed|assets|824|-|
|Interest received|CEL,119)|(12,918)|
|Decrease/{increase)|in debtors|19,508|(23,441)|
|(Decrease)/increase|in creditors|(48,790)|86,177|
|Net cash|used|in|operations|(116,386)|(269,805}|
----- End of picture text -----
Page 19
-
COMPANY LIMITED BY GUARANTEE
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash atbankand in hand | 817,090 | (111,520) | 705,570 |
| 817,090 | (111,520) | 705,570 | |
| Total | 817,090 | (111,520) | 705,570 |
The Society is governed by its Memorandum and Articles of Association, The Society is a company limited by guarantee, and accordingly has no share capital.
24, PRESENTATION CURRENCY
The presentation currency of these financial statements is £ pounds sterling.
Page 20
a
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
==> picture [498 x 563] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|DETAILED STATEMENT|OF FINANCIAL|ACTIVITIES|
|FOR THE|YEAR ENDED|31ST MARCH|2025|
|2025|2024|
|£|£|
|INCOME|AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|34,893|4,341|
|Covenants|and|Gift|aid|144|149|
|35,037|4,490|
|Other|trading|activities|
|Training|Course Income|260,486|240,078|
|Agency|costs|reimbursements|795,729|510,943|
|Foster Care Management|Income|4,856|-|
|1,061,071|751,021|
|Investment|income|
|Deposit|account|interest|11,119|12,918|
|Other|income|
|Grants|450,294|475,483|
|Total|incoming|resources|1,557,521|1,243,912|
|EXPENDITURE|
|Other trading|activities|
|Amortisation of intangible|fixed|assets|3,834|9,167|
|Depreciation|of tangible fixed|assets|4,196|2,507|
|8,030|11,674|
|Charitable|activities|
|Wages|1,091,617|1,081,739|
|Social|security|96,531|106,060|
|Pensions|103,116|105,685|
|Telephone|11,695|11,967|
|Postage|and|stationery|3,448|2,572|
|Advertising|38,862|42,374|
|Sundries|6,432|5,546|
|Rent and|repairs|102,765|50,947|
|Travel & accommodation|20,785|15,947|
|Subscriptions|15,294|12,855|
|Office|support|82,164|58,404|
|Carried forward|1,572,709|1,494,096|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 21
ST DAVID'S CHILDREN SOCIETY COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
==> picture [502 x 260] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Charitable|activities|
|Brought forward|1,572,709|1,494,096|
|Statutory|checks|1,615|1,674|
|Bank charges|517|687|
|Family|assistance|40,396|44,709|
|Training|and|recruitment|5,458|8,386|
|Light and|heat|5,061|7,331|
|1,625,756|1,556,883|
|Other|
|Loss on|sale of|tangible fixed|assets|824|-|
|Support|costs|
|Governance|costs|
|Auditors’|remuneration|7,750|6,652|
|Total|resources|expended|1,642,360|1,575,209|
|Net expenditure|(84,839)|(331,297)|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 22