The Children's Rest School of Rgcovery Charlty Reglstratlon Number: 526083 REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025
The Children's Rest School of Recovery Contents page: Year ending 05 April 2025 Index Page Trustees. Report including Statement of trustees. responsibilities Independent Examiner's Report Statement of Financial Activities Balanee Sheet 8-12 Notes to the Accounts (including Accounting Policies)
The Children's Rest School of Recovery Trustees Annual Report.. Year ended 05 April 2025 Re ort of the Trustees for the ear ended 5 A ril 2025 The Trustees present the Annual Report and Financial Slalements for the year ended 51h April 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20161" The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a true and fair view. This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 rather than the version of the Slalemenl of Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. Formation Structure Governance and Mana emenl. The Children's Rest School of Recovery is a registered charity, number 526083. The Trust was established by a Trust Deed dated 6th July 1915 as amended by a Charity Commission scheme dated 7th February 1985 as amended by resolution dated 6 November 2012. The Trustees in their power have delegated the management of the investment lo Rathbone Investment Management. The charity is managed by a board of five trustees. The power lo appoint new Iruslees is vested in the current trustees of the charity. New trustees are generally recommended by an existing Iruslee and are chosen for the particular skills which they can bring to its governance. On appointment, new Iruslees have meetings with the chair of Trustees and with the administrator, are given an introduction to the work of the charity and provided with relevant information including a copy of the trust deed, recent minutes of Trustees, meetings and the latest annual report and accounts. They are also give information about charity law and the role of a trustee. I trustees give of their lime freely and no trustee remuneration was paid in the year under review. Details of trustee expenses are disclosed in Note 7 to the accounts. Trustees are required to disclose all relevant interests which might conflict with those of the charity and lo withdraw from decisions where a conflict of interest might arise. To assist in the overall coordination of the charity's work, it has a consultsncy agreement with Ms Liese van Alwon to undertake the work of Administrator for the charity. The Iruslees meet al least On a year. At those meetings, the trustees agree a broad strategy and areas of activity for the charity including grantmaking, investment, reserves and risk management. They consider the applications for a grant received from front-line charities and agree the size of grant lif any) which should be awarded. Ob'eclives and Activities for the Public Benefit. The Children's Rest School of Recovery is a granl-giving charity. The income of the trust, net of expenses, regular annual grants and oulslanding promises is approximately £25,000 per annum. The trustees aim lo distribute the income fully in the following 12 months, any under- or over-spend being tsken into account in the following year. The charity was established to assist in the education and the relief of persons under the age of 18 years who are suffering from disease or disabilities requiring prolonged care. This assistance may include the provision of facilities for recreation and other leisure occupations with the aim of improving the condition of life for such persons. The Charity makes grants lo charitable organisalions in accordance with these objects. The Iruslees have considered the Charity Commission's guidance on Public Benefit under the Charities Act 2011 and consider that the requirements have been mel.
The Children's Rest School of Recovery Trustees Annual Report.. Year ended 05 April 2025 Achievements The trust continues lo support charities on Merseyside which meet its objectives. During the year 5 grants were agreed ranging from £1,000 - £19.500. Financial Strate The trustees aim to maximise their grant giving in a manner which is consistent with.. Full expenditure of the annual income it receives from ils assets as outlined above. Preserving ils capital in real terms over the long term. The Iruslees wish to ensure that the objectives outlined above are achieved within acceptable risk. This implies the need for diversification of investment within the portfolio by including a range of assets including fixed interest stocks, UK shares and overseas shares. Mana emenl of Resources The charity's investment policy (which is reviewed annually) is lo secure by responsible investment, the maximum income that can be achieved consistent with the preservation of capital in real terms over the long term. Management of the portfolio has been delegated on a discretionary basis lo Ralhbone Investment Management Ltd. All trustees receive and review quarterfy valuations of the investment portfolio against agreed indices. They meet the fund manager responsible for the portfolio at least once a year land frequently twice) and agree with him a target return in advance of agreeing a budget for the following year. The charity's capital is invested on stock markets as the trustees have unrestricted powers of investment under the governing deed and have full discretion over the investments. The trustees are satisfied that the charity's assets are available and adequate lo fulfil ils obligations in relation lo those funds. They are also satisfied that assets have been acquired and disposed of in accordance with the powers available to the trustees. The trustees consider the perfom)ance of the portfolio to have been satisfactory during the period under review. In April 2013 the Trust merged ils assets with the Eleanor Ralhbone Charitsble Trust for investment purposes and retains a percentage share of 5.94 /0 of the joint assets and income from investments which are used solely in the furtherance of its charitable objectives described above. Both charities are govemed by the same Trustees. Figures provided in the enclosed financial statements relate only to the Children's Rest School of Recovery share of the assets and income, and expenditure relating only to the management and administration of Children's Rest School of Recovery's objects. Reseryes The assets are held in a Pemianenl Endowment which form 86010 of the lolal assets, whilst the remaining 14 /0 are Unrestricted Funds. The Trustees aim to distribute all of the income nel of expenses in each financial year and therefore do not maintain reserves as such. Princi al Risks and Uncertainties The Iruslees have considered the major risks lo which the charity is exposed together with the systems which have been established to miligale those risks. They maintain a risk log which is reviewed each year (most recently in November 20241 to confirm that it still covers all identified risks- they consider the systems currently in place lo be satisfactory. Statement of Iruslees, res onsibililies The Iruslees are responsible for preparing the Trustees. Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practi1.
The Children's Rest School of Recovery Trustees Annual Report.. Year ended 05 April 2025 The law applicable lo charities in England and Wales requires the Iruslees to prepare accounts for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts., and prepare the accounts on the going conrn basis unless it is inappropriate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the accounts omply with the Charities Act 2011, the Charity IAc¢ounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Administration of the Chari its Trustees and Advisers Charity No 526083 Trustees Andrew Rathbone Jenny Rathbone Lady Morgan Mark Ralhbone Joan Bonenfanl Administrator Liese van Alwon Principal Office 546 Warrington Road, Rainhill, Merseyside L35 4LZ Independent Examiner Mitchell Charlesworth Limited, Suites C. D, E & F, 14th Floor The Plaza, Old Hall Street, Liverpool L3 9oJ Investment Manager Rathbone Investment Management Ltd., Port of Liverpool Building. Pier Head. Liverpool L3 1 NW Bankers Rathbone Investment Management Ltd.. Port of Liverpool Building, Pier Head, Liverpool L3 1 NW Cooperative Bank PLC, PO Box 250, Skelmersdale WN8 6 Approved by the Board of Trustees and signed on its behalf.. Date.. 05 Februa 2026 Andrew Ralhbone Chair of the Trustees
The Children's Rest School of Recovery Independent Examiner's Report Year ended 05 April 2025 I report lo the Trustees on my examination of the financial statements of The Children's Rest School of Recovery Ilhe charity} for the year ended 5 April 2025. Responsibilitigs and basis of rgport As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Indepgndant examiner's statemgnt Your attention is drawn lo the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements lo provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in SpeCt of the charity as required by section 130 of the Charities Act 2011. 2. the financi81 sl8temenls do not accord with those records-, or 3. the financial sl8temenls do not comply with the applicable requirements concerning the form and conlenl of financial statements sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the financial statements give 8 true and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. LIWLI ch Tony Stanley ACA Mitchell Charfesworth Suites C,D,E & F 14th Floor, The Plaza 100 Old Hall Street Liverpool L3 9QJ Dale.. 5 February 2026
The Children's Rest School of Recovery Statement of Financial Activities= Year ended 05 April 2025 Unrestricted Funds 2025 Endowment Funds 2025 All funds Total 2025 All funds Total 2024 Notes Incomg from: Incoming resources from generated funds Investment income and interest 25,640 25,640 24,382 Total Income 25.640 25,640 24.382 Expendlture on: Raising funds 3,062 3,062 2,962 Charitable activities 28,036 28,036 22,823 Total expenditure Nel gainsllosses on investments 4.159 25,548 29,707 7,134 Net movement in funds 19.6171 125,548} {35,1641 5,731 Totsl funds brought forward 82,540 747,656 830,196 824,465 Total funds carried forward 72.923 722.108 795.032 830.196
The Children's Rest School of Recovery Statement of Financial Activities= Year ended 05 April 2025 Unrestricted Funds 2024 Endowment Funds 2024 All funds Total 2024 Notes Income from: Investment income and interest 24.382 24,382 Total income 24,382 Expenditure on: Raising funds 2,962 2,962 Charitable activities 22,823 22,823 Total expenditure 25.785 Net Ilossesllgains on investments 999 6,135 7,134 Net movement In funds 14041 6,135 5,731 Total funds brought forward Total funds carried forward 82.944 741,521 824,465 82,540 747,656 830.196
The Children's Rest School of Recovery Balance Sheet. As al 05 April 2025 All funds Total 2025 All funds Total 2024 Nofes Flx•d A%s•ts Investments al Market Value 10 763 914 Total Flx•d Assots 763,914 794,592 Curr•nt Assels Total Cash at Bank and on Deposit 12 6.001 7,051 t)eblors 12 30,516 29,054 Total Curr9nt Assots 36,517 36,105 Llablliti•s: afflouTrts falling due within ong y•ar 13 5,399 500 N•t Current A88•t81{Llabllltks) 31,121 35,605 Total a8s•ts 1888 currenl Ilablllllos 795.032 830.196 Unrestrfcled Funds 72,924 82,540 Permanent Endowment Funds 75 722.108 747,6 Total Unrestrlcted Funds at Aprfl 2025 795,032 Appfoved by the Board of Trustees and stgned on its behalf.. Dale.. 05 Februa 2026 Andrew Rathly)ne Chair of the Trustees
The Children's Rest School of Recovery Notes lo the Accounts.. Year ending 05 April 2025 1. Accounting Policies Charity infomiation The Children's Rest School of Recovery is a charity govemed by ils Settlement deed dated 6 July 1915 and registered in England and Wales. The principal office is 546 Warringlon Road, Rainhill, Merseyside, L35 4LZ. Accounting convention These accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and °Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 2016}. The charity is a Public Benefit Enlily as defined by FRS 102. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for harities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The aceounls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified lo include certain financial instruments al fair value. The principal accounting policies adopted are set out below. The Charity has taken adv8nl8ge of the provisions in the SORP for Charrties applying FRS 102 Update Bulletin 1 not to prepare 8 Statement of Cash Flows. Going concèm At the time of approving the accounts, the Iruslees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Charltable funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Income Income is recognised when actually received or when il is due to the Charity as at the Balance Sheet dale. Dividend income is recorded gross and includes tax deducted only when it is repayable lo the Charity. Expendlture Expenditure is recognised on an accruals basis, being included when the liability has been incurred as at the Balance Sheet date. Grants are recognised on an accruals basis. being included when the Trustees have resolved lo make such donations by the Balance Sheet dale. Amounts included within governance costs are those incurred in relation to the general running of the Charity and support it requires. They are not related lo the direct management function. Governance costs are recognised on an accruals basis, being included when the liability has been incurred as at the Balance Sheet dale. Valuation of Investments Investments held in the fund are included al their market value as follows.. Listed securities are valued at the mid market value ruling al the balance sheet dale. Listed securities held in foreign currencies have been valued al the mid market Value and translated into their sterling equivalents al the rates ruling at the balance sheet dale. Gilts are valued al the mid market value ruling at the balance sheet dale and include interest which has accrued up to th8t date.
The Children's Rest School of Recovery Notes lo the Accounts.. Year ending 05 April 2025 Roalised l Unrealised Galns and Losses Realised gains and losses on investments are calculated as the drfference between sales proceeds and their market value at the start ol the year. or their subsequent cost, and are charged or credited to the statemenl of financial activities in the year of disposal. Unrealised gains and losses represent the movement in markel values during the year and are credited or charged lo the statement of financial aclivities based on Ihe market value at the year end. Cash and rash gquivalents Cash and rash equivalents include cash in hand. deposits held at call with banks. other ShOrt-te liquid investments with original maturities of three months or less. Financial instruments The charity has elected lo appty th8 provisions of Section 11 '8a5ic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial inslrufflenls. Financial instruments are recognised in the charivs balance sheet when the charity becomes party lo the contractual provisions of the instnjment. Financial assets and liabilities ar6 offsèt, with the nèt amounts presented in the financial slalemenls, wh6n thèra is a legally enforceable right lo set off the recognised amounts and there is an intention to settla on a nal basis or lo reali5e the assel and s8ttle the liability sifflultaneously. Basic flnanclal assèts Basic linanci81 asseis, which include debtors and cash and bank balances. are initially measured at transactK•n pric6 including transaction costs and are subsequently carried al amortised cost using the effective interest malhod unless the arrangamant constitutes a financing transaction, where the transaction is measured al th8 present value of the future receipts discounl8d at a market rate of interest. Financial assets classified as r8c8ivable within one year are not amortJ"sed. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaclion price unless the arrangement conslilules a financin9 Iransaclion. where the debt inslrumenl is measured at the present value of the future receipts discount8d al a markel rat8 of interest. Financial liabiltties classrfied as payable within one year are not amortJ"sed. Debt instruments are subsequently carr1 at amortised cost. using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if paymenl is due within one year c less. If not. they are presented as non-currenl liabilities. Trade credilois are recognised initially al transaction price and subsequenuy measured at amortised cost using the effective inlerest melhcd. DerKognition off linancial liabilities Financial liabilities are derecognised when the charity's contractual ObligatnS expire or are discharged or cancelled. Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable lo corwration tax on income or gains falling within Ihose exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclu5Ne of VAT. Critical accounting estirnates and judgomonts In the application of the charity's accounts.ng policies, the trustees are required lo make judgements, esb"mates and assumptions about the carrying amount of assets and liabilities that ar8 not readily apparent from othBr sources. The ests"mates and associated assumpts.ons are based on historical gXP8rience and othgr factors that are consid8red lo b8 relevant. Actual results may differ from these eslimalgs. The 8stimates and und8rlying assumptions ar8 revi8w8d on an ongoing basis. Revisions to accounling 8stimat95 are rècognised in the p6riod in which the estimate is r6vis8d whèr8 thè r8vision affects only that peri(, or in Ihè P8ried of th6 revision and futur6 pèriods whèr8 thè rèvision affects both currènt and futur6 periods.
The Children's Rest School of Recovery Notes lo the Accounts.. Year ending 05 April 2025 3. Investment Incorne 2025 2024 Dividend Income and Interest 25,390 67 24,223 Other investment income Rathbone Investment Management Ltd 159 25,640 24.382 4. Raising funds 2025 2024 Investment management fees 3,062 2,962 3,062 2.962 5. Charitable Activities 2025 2024 Grants 24,500 1.394 21,500 1,321 Support costs (note 61 Govemance costs {nole 71 2,142 28,036 22.823 A breakdown of the grants is shown in note 17 of the accounts. 6. Support Costs 2025 2024 Administrator's fees Administration Expenses 1,365 29 1,294 27 1.321 Support costs are allocated to charitable activities. Governance Costs 2025 2024 Accountancy fees Independent examiner's fees Bank charges 700 1.440 2,142 No Trustees received remuneration during the year. The Administrator is selfwemployed and therefore the deduction of her salary from the Charity is paid grogs. Governance costs are allocated to charitable activities. io
The Children's Rest School of Recovery Notes lo the Accounts.. Year ending 05 April 2025 8. Independent examiner's remuneration 2025 2024 The analysis of independent examiner's remuneration is as follows.. Independent examination of charity'5 annual accounts 1,440 9. Nets Ilossesllgains on Investments Unrestricted Endowment Funds Funds Total Unrestricted Endowment 2025 Funds Funds Total 2024 Gainlllossl on sale of investments Revaluation of investments 278 1,707 1,985 2,578 15,836 18,414 4,437 14,1591 27,255 31,692 125,5481 129,707} 1,579 999 9,701 6,135 11.280 7,134 10. Investments Investments held primarily to provide an investment retum for the charity.. 2025 2024 Market value at 6 April 2024 Purchases al cost Sales proceeds Realised gains l {lossesl Unrealised gains I (losses} Market value at 5 April 2025 794,591 18,586 {19,5561 1,985 31,692 763,914 793,980 63,207 {69,730) 18,414 11,280 794,591 UK 432,409 331,505 763 914 450,250 344,341 794 591 Overseas Market value at 5 April 2025 UK 262,100 185,010 447.110 250,992 182,433 433.425 Overseas Historical cost al 5 April 2025 11. Flnanclal Instruments 2025 2024 Carrylng amount of flnanclal assets Debt instruments measured al amortised cost Equity instruments measured al fair value 36,517 763,914 36.105 794,592 Carrylng amount of flnanclal Ilabllltles Measured al amortised cost 5,396 500 12. Current assets 2025 2024 Cash at bank and on deposit (Cooperative Account) Cash at bank and on deposit (Rathbone Accounts) The Eleanor Rathbone Charitable Trust 389 5,612 30,516 36.517 391 6,660 29,054 36.105 li
The Children's Rest School of Recovery Notes lo the Accounts.. Year ending 05 April 2025 13. Current Ilabllltles 2025 2024 Independent Examiner's fee Accounts fee Unpresenled grants Unsettled cash transaction (Endowment Funds} Other creditors 1,440 700 500 3,256 5.399 500 14. Endowment funds Endowment funds represent assets which musl be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets fomi part of the fund. Balance at 5 Investments Balance at 5 April 2024 gainslllosses) April 2025 Pgrmanent ondowments C8pII81 Revaluation reserve 398,236 349,420 1,707 122,6341 120,9271 399,943 326,786 747,656 726,729 15. Analysis of net assets between funds Unreslricled funds Endowment funds Total Fund balances at 5 April 2025 are represented by.. Investments 38,547 34,377 725,367 13,259} 722,108 763,914 31,118 795,032 Current assets I Iliabilitiesl 72,924 Unreslricled funds Endowment funds Total Fund ba18nces at 5 April 2024 are represented by.. Investments 46,935 747,656 794,591 Current assets I Iliabililiesl 35,605 82,540 35,605 830,196 747,656 16. Related parties The Iruslees are considered lo be the key management of the charity. No Iruslees, expenses were claimed dunng the year. Included in current assets is a balance of £30,51612024.' £29,054) owed from The Eleanor Rathbone Charitable Trust (Charity no.. 233241 }. This charity has the same Iruslees as The Children's Rest School of Recovery and owns 94.06°h of the investment portfolio. All figures relating to this charity have been excluded from these accounts. 17. Grants Greenbank Lake Di5triot Calvert Trust SENSE SHINE Th8 Living Paintings Trust 19,500 1,000 1,500 1,500 1,000 24,500 12