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2025-12-31-accounts

FAMILY HOLIDAY CHARITY 2025 Annual Review & Accounts Trustees Annual Report & Financial Statements for the year ending 31 December 2025 Re9iStered charity in England and Wales.. 800262 Registered charity in Scotland: SC048203 Company limited by 9uorantee'. 02301337

Contents

Trustees Annual Report

Reference and administrative details .................................................................................... 3 Objectives and activities ........................................................................................................ 5 A word from our Chair of trustees ........................................................................................ 14 Achievements and performance .......................................................................................... 15 Plans for future periods ....................................................................................................... 19 Structure, governance and management ............................................................................ 21 Financial review .................................................................................................................. 24 Statement of trustees responsibilities .................................................................................. 27 Independent auditors’ report to the members and trustees of Family Holiday Charity ......... 28

Financial Statements

Statement of financial activities ........................................................................................... 33 Accounting policies ............................................................................................................. 36 Notes on the financial statements ....................................................................................... 40

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Reference and administrative details

Name of the charity: Charity registration number in England and Wales: Charity registration number in Scotland: Company registration number in England and Wales:

Family Holiday Charity 800262 SC048203 02301337

Principal office and registered address:

Canopi, 82 Tanner Street, London, SE1 3GN

Trustees/Directors:

Trustees/Directors:
Philippa Harris (Chair) Resigned 08/05/2025
Helen Webb (Chair) Appointed 08/05/2025
Jackie Kerslake
Ben Leet
John Appleby Resigned 08/05/2025
Ingrid Bussell
Davinia Batley
Charlotte Hills Resigned 08/05/2025
Julia Lo-Bue Said Resigned 31/03/2025
Julie Tucker
Saket Jasoria
Phoebe Cross Resigned 08/05/2025
Adam Reeves Resigned 05/06/2025
Emma Ibrahim Appointed 28/02/2026
Howe Gu Appointed 28/02/2026
Senior leadership team:
Rob Parkinson Appointed 16/07/2025
Chief Executive Officer
Kate Harris Resigned 16/08/2025
Director of Finance and Resources/Interim CEO

Mags Rivett Director of Income and Engagement

Auditors:

Price Bailey LLP, 24 Old Bond Street, London, W1S 4AP

Legal advisors:

Bates Wells LLP, 10 Queen Street, London, EC4R 1BE

Bankers:

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Barclays Bank, 89 Hatton Garden, London, EC1N 8DN

Investments:

Fidelity, Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP

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Objectives and activities

Our purpose

Our purpose as set out in our governing document is:

‘To promote and provide access to holidays and day trips for families or members of families which or who have need of such holidays or day trips for rest and recreation by reason of their youth, age, ill-health, disability, financial hardship or other disadvantage.’

Our activities

Our main activities which achieve our purpose are:

  1. We provide funded holidays to families facing tough times, so they can have a holiday and benefit from time away together.

  2. We build partnerships with those who can help provide holidays and day trips to families facing tough times.

  3. We support families to share their stories to help promote the reasons why including all families in the travel and leisure industry makes a difference.

Providing access to holidays and day trips

Our funded holidays

We provide funded holidays to enable families to have a short holiday in the UK. Applications for a funded holiday are made by referrers, who usually work in a registered charity or statutory service provider, and who are currently supporting the family and know the families’ particular needs and circumstances.

We pay a trusted booking agency, with whom we work closely, for the cost of accommodation and travel by public transport for a funded holiday. Families travelling by private transport receive a petrol voucher. We also give every family a food voucher to help with the cost of food whilst they’re on holiday.

We ensure that the booking and holiday experience for families is both smooth and positive

The funding process

We make our application process for a funded holiday proportionate and accessible to our referrers. We respect the time and expertise of our referrers, whilst ensuring we’re accountable for the funds we manage on behalf of our donors and partners.

Our criteria for funding a holiday is that families should have:

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Families come in all shapes and sizes. We aren’t prescriptive about how a family defines themselves or the support they might need to be able to go on holiday.

When assessing applications for our funded holidays, we use a consistent and fair approach. We also consider safeguarding issues which might cause unreasonable risks for families when having a holiday. Our referrers work closely with us to ensure this happens, and they provide support to the families throughout the process.

Building partnerships

We build partnerships with the travel and leisure industry and with our supporters and donors to create more holidays and day trips for families. We work with businesses who wish to donate day tickets or their accommodation for use by families at no cost, and with referrers to identify families that would benefit from such donated holidays. We use the same criteria as our funded holidays to identify families.

Promoting access to holidays and day trips

Families’ stories

We ask all the families who benefit from our holidays if they’d like to share their story with our supporters, partners and the public. We share families’ stories about themselves and their holidays on our communication channels. This helps our supporters and donors to understand the issues and barriers which prevent families from taking a holiday, and to learn about the benefits a holiday brings for a family.

Travel and leisure industry

To fulfill our purpose, we need to influence the travel and leisure industry to provide experiences which are more inclusive and to influence the government to develop policies which enable wider inclusion. We do this by undertaking research and developing an evidence base on family holidays and their importance, as well as the barriers to going on holiday. We use our research to provide leadership, to campaign on key issues, and to bring stakeholders together to make change happen.

Our theory of change shows how our main activities relate to each other and to achieving our charitable purpose – you can view an accessible version of our Theory of Change via: - - https://familyholidaycharity.org.uk/our story/theory change

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Public benefit

The trustees have paid due regard to the Charity Commission’s guidance on public benefit when exercising their powers and duties. They have concluded that all our main activities focus on furthering the charity's purpose; to promote and provide access to holidays and day trips, for the public benefit.

Delivering public benefit

Families are facing tough times

Families in the UK are facing ongoing pressures caused by uncertainty, rising living costs, and shifting public policy. Slow growth, persistent inflation and rising unemployment are squeezing household budgets, which is deepening inequalities, especially for low-income families.

21% of UK residents, and 3 out of 10 children, currently live in poverty.[1] Families facing tough times caused by hardship, bereavement, disability or domestic abuse, encounter major barriers to engaging in travel and leisure activities due to cost, accessibility, and lack of awareness of opportunities.[2]

1 https://www.jrf.org.uk/uk-poverty-2025-the-essential-guide-to-understanding-poverty-in-the-uk (last accessed 28/01/2026)

2 https://familyholidaycharity.org.uk/our-story/our-impact/barriers-tourism (last accessed 28/01/2026)

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The average family holiday taken in the UK costs between £1,500 and £2,000. This cost is out of reach for many families. Many households, especially with children, fall short of a socially acceptable living standard[3] and so the benefits of time away are inaccessible to those who need them most.

Having a holiday makes a difference

For families facing tough times, having a holiday makes a real difference to their lives. Holidays are the moment things start to feel possible again. A holiday offers space to breathe, reconnect and build hope. Holidays are an important and much overlooked tool for improving wellbeing and resilience, building stronger relationships, for child development, and for raising aspirations[4] . Families who experience the joy and restorative power of time away together come back stronger.

We know the difference a holiday makes. Of those families who shared feedback with us in 2025, 90% of adults felt their mental health improved and 93% felt their children's mental health improved, because of the holiday we gave them.

Wellbeing is a key indicator of quality of life. We ask our families about their wellbeing before and after their holiday. Of those families who shared feedback with us in 2025, 88% improved on at least one of the wellbeing measures, because of the holiday we gave them.

The difference a holiday makes to well-being

----- Start of picture text -----
8
7.27
7.04
7 6.72 6.83
6.19
6.04 5.96
6
4.92
5
4
3
2
1
0
Overall, how satisfied are you Overall, to what extent do you Overall, how happy did you Overall, how anxious did you
with your life nowadays feel that the things you do in feel yesterday? feel yesterday?
your life are worthwhile?
Pre Holiday Post Holiday
----- End of picture text -----

3 https://www.jrf.org.uk/a-minimum-income-standard-for-the-united-kingdom-in-2025 (last accessed 28/01/2026)

4 https://familyholidaycharity.org.uk/our-story/our-impact/barriers-tourism and https://familyholidaycharity.org.uk/our-story/ourimpact/impact-data-and-report (last accessed 28/01/2026)

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Having a holiday makes a long-term difference

Having a holiday also makes a long-term difference for families. Holidays lead to positive outcomes such as long-term wellbeing, social inclusion and positive educational outcomes. Our research with the University of Nottingham into the long-term benefits of a holiday showed that holidays[5] :

Families need our support

Our research shows that families are typically facing four different challenges when they’re referred to us for a holiday. In 2025, the primary challenges families were facing were:

----- Start of picture text -----
Primary referral reasons, 2025
General Well-being Support
Child with SEN
Domestic abuse support
Young carers
Family in crisis
Other
School attendance/behaviour
Kinship Care
Homelessness
Mental Health Conditions
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00%
Primary referral reasons, 2025
----- End of picture text -----

Secondary challenges were

5 https://research.birmingham.ac.uk/en/publications/who-needs-a-holiday-evaluating-social-tourism/ (last accessed 09/04/2026)

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Our research also shows the reasons given by referrers and by families themselves, as to why families haven’t been able to access holidays and day trips:

----- Start of picture text -----
Reasons why families haven't accessed a holiday
7%
Court proceedings 7%
Haven't considered one 8%9%
14%
Suitable holidays not available 11%
Access to information 11%13%
21%
Housing and relocation 15%
Pets 5% 15%
Abuse 17% 26%
27%
Not having the support you need 24%
22%
School holiday/annual leave restrictions 28%
29%
Physica or Mental Impairement 30%
29%
Caring Responsibilities 44%
Confidence 37% 48%
Health Issues 38% 41%
55%
Family Difficulties 50%
59%
Family Circumstances 55%
Financial Difficulties 80% 95%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Referrer Family
----- End of picture text -----

The difference we make

Without the work we do to both provide and support families to go on holiday, the majority of families we’ve supported would not have been away, nor would they have gained the benefits a holiday brings.

Of those families we supported to have a holiday in 2025, 40% had never had a family holiday and 60% last had a family holiday more than four years ago.

Of those families who shared feedback with us in 2025, 96% said the support we provided ahead of their break helped reduce the stress of going away.

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The families we support

Poverty rates are highest among those families with children. The majority of families we support to have a holiday have three or more children.

No dependent children UKpopulation Families we supported
1 24% 30%
2 48% 30%
3+ 28% 40%

We monitor the ethnicity of the lead family member of the families we support, to help us understand how our work supports communities in the UK.

In 2025, 26% of the families lead member identified as being from Black, Asian, Mixed or another ethnicity group. This compares to 16% of the UK population identifying as such.

Lead family member
ethnicity		 Typical UK population Families we supported
White 82% 71.84%
Mixed/Multiple Ethnic Groups 1.5% 4.69%
Asian/Asian British 9% 7.58%
Black/African Caribbean/Black
British		 4% 10.11%
Other ethnic groups 2% 3.61%
Missing info 1.5% 2.17%

We ensure we reach families that are most in need of our funded holidays by actively building relationships with a wide range of referrers and by seeking to work with families from minoritised and historically excluded communities. We aim to reach families across the UK who are from a range of places, communities, and backgrounds.

Continuing to deliver public benefit

We will respond to growing need by continuing to expand access to holidays and experiences for those most at risk of exclusion. We will strengthen our advocacy to ensure family holidays are recognised in the national debate, and harness partnerships and technology to help ensure that every family can experience the joy and benefits of time away together – now and into the future. By doing so we will continue to deliver public benefit and to fulfill our charity’s purpose.

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Volunteers

Our trustees play a vital role in delivering our mission. They give their time, skills and insight entirely as volunteers. Alongside their formal responsibilities for governance and oversight, they also actively champion our purpose, support strategic decision-making, and help ensure that families facing tough times can access the life-changing benefits of a holiday. Our trustees contribute their professional expertise, act as ambassadors for our work, and provide valuable guidance as we develop our services and partnerships. Although we do not currently have other volunteer roles, the commitment and energy of our trustees made a significant contribution to achieving our charitable objectives this year.

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A word from our Chair

2025 has been a defining year for us - we’ve strengthened our leadership, sharpened our focus, and set the foundations for the next phase of our growth. We’ve also developed an ambitious new strategy which will guide our work for the next three years.

During the year, we appointed Rob Parkinson as our new CEO. Rob is an experienced charity leader and has been a great addition to the team. His expertise and ambition have already helped us deliver stronger results, building on the foundations established over the past few years.

Throughout the year, we’ve continued to provide hundreds of families and over 1000 family members with funded holidays. We’ve broadened and deepened our external partnerships, including a new and exciting partnership with Airbnb, which will result in 300 families being provided with a funded holiday in 2026.

At a time when more families are being pushed into hardship and opportunities for rest and connection are increasingly out of reach, the case for our work has never been clearer. The evidence in this report shows the tangible impact holidays have on wellbeing, resilience and relationships - and underscores the scale of unmet need we must address.

Looking ahead, our ambitions are deliberately bold. We intend to support many more families, and further deepen our partnerships across many sectors, including the travel and leisure industry and family support sectors. We will seek to play a stronger national role in championing why time away is essential for wellbeing, connection and resilience. This is not simply an organisational aspiration; it is a practical response to the level of need we are seeing, and a commitment to driving systemic change, so that access to a holiday does not depend on circumstance.

The progress we’ve made has only been possible because of the dedication of our staff team, the support and stewardship of our trustees, and the generosity of our donors, funders, partners and referrers. I would like to thank each and every one of them for their wonderful contribution to our work, which will continue to be vital as we move forward with our new strategy, Time Away Together.

Helen Webb Chair of trustees

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Achievements and performance

Our impact in 2025

2025 has been a year of change for the charity. We have a new CEO, a new Chair of trustees and, along with other staff and trustee changes, a new strategy which will guide our work to 2028.

The new strategy has revitalised and re-energised our purpose. It has also initiated a period of investment and growth which we intend to sustain throughout 2026 and beyond so that we ensure that even more families have the chance of time away together.

Our funded holidays

In 2025, 1,276 individuals from 300 families enjoyed a holiday or day trip as a result of our support. This equates to 1,221 days or 29,304 hours of precious time together.

In 2025, we received referrals for a funded holiday from over 500 families. We currently can’t send all the families referred to us on holiday due to a lack of funds and donated holidays. Increasing our capacity to deliver holidays is therefore a crucial element of our new strategy.

The average cost of a funded family holiday in 2025 was £741 and the average cost per head for a family holiday in 2025 was £143. The average family size was 4 people.

Of those families who shared their feedback with us in 2025:

98% tried an activity for the very first time whilst they were on holiday. The most popular activities tried were:

The opportunity to try new things while away encourages families to keep trying new things when at home, too. 68% have done an activity, or are planning to, since their holiday. They have tried or done more of the following:

The impact of a holiday on our families is immediate and very positive. Because of the holiday:

And 100% would like to go on day trips, outings or holidays again, in the future.

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Our partnership holidays

HF holidays and Pathfinders

During 2025, we worked with HF holidays, the walking travel company, who donated holidays for two families, as well as their entire Longmynd hotel in Shropshire for a Christmas-themed family weekend for 10 families, which we delivered alongside Pathfinders, a Birmingham-based family support organisation.

Working in partnership is central to how we help families experience the life-changing benefits of a holiday and this year our collaboration with Pathfinders and HF Holidays was especially important. Together, we delivered a truly supportive group holiday experience at Longmynd, which gave 10 families, many on their first ever country break, the chance to reconnect, play, and make memories in a nurturing environment.

This partnership model, which brings together skilled community organisations like Pathfinders with exceptional accommodation providers like HF holidays, will be an increasingly important part of our future delivery plans. By combining high-quality group holiday settings with trusted, on-the-ground support, we can create safe, confidence-building experiences for families who would otherwise miss out.

“Sometimes there just isn’t the financial means to afford a change of scenery, and you end up feeling stuck. This holiday changed that for us. It gave me hope and motivation that still stay with me today.” Feedback from a family member

Mellor Group

The Mellor group, who own Fantasy Island and Skegness Pier, generously donated day trip tickets to 160 individuals from 40 families in 2025.

“[Some of the best were] being able to spend time with my family and experience something we have never done before. Being out along the seaside and having lots of fun.” Feedback from a family member

Airbnb

In 2025 we launched our first ever partnership with Airbnb. Their donation of £299,873 will mean around 300 families will be able to have a holiday for the first time in 2026.

We’re also working on some joint research around tourism barriers and accessibility which will be published in 2026.

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Lana’s story

Lana (not her real name) visited the North Yorkshire Moors, because of a gifted break from HF Holidays. She told us about her experience:

“I’ve always wanted to explore new places across the UK — it’s something I had dreamed of for a long time but never had the chance to do during my abusive marriage, which left me emotionally and financially deprived. It was always a quiet promise I made to myself: “One day, I will”.

When I heard that my children and I had been fortunate enough to be given this holiday, I had to pinch myself — not only because of the incredible generosity we were offered, but also because a dream I had carried for so long was suddenly becoming real. Every time I saw places like that on TV, I used to think, “One day I’ll go there and see it with my own eyes”.

Driving through the valleys of the North York Moors, my children and I were completely speechless. In between the silence we kept said to each other, “How beautiful is this place!” We had never seen anything like it. I was so happy to see my children just as amazed as I was — it felt like the beauty of the landscape touched their hearts as deeply as it did mine.

The experience also taught me something profound: that the world is vast. That lesson felt symbolic of my own journey. It reminded me of how terrified I was of the unknown before leaving the marital home, and how freeing it is to discover that there are amazing people and beautiful places out there that I never even knew existed. I don’t need to carry guilt or shame — there simply isn’t time for it. It felt like a personal message to keep moving forward.

It also meant so much that my children got to experience such a wonderful adventure. I hope these memories will give them strength and hope in the future, whenever life feels difficult or they feel lost – as much as it did to me.”

With thanks to HF Holidays

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Our promotional and influencing activities

Engaging with our supporters

We continued to engage with our supporters by providing 3 updates and appeal mailings, as well as monthly e-newsletters. We undertook campaigns to increase support through various fundraising platforms and continued to monitor, learn and develop our fundraising and supporter activities. Engaging further with our supporters and new supporters will be a key focus for us in 2026.

Working in partnership

This year we significantly increased our visibility and influence across the travel and leisure industry, and family-support sectors.

We strengthened our influence by representing the charity at key events including the Youth Hostels Association Strategy Launch, World Travel Market, the VisitBritain Annual Review, TTG Media Awards, and the Chartered Institute of Fundraising Scotland Conference. Attending these events enabled us to promote an inclusion-focused narrative, positioning holidays as essential to wellbeing and advocating for greater access for families facing disadvantage.

We broadened and deepened our network of partners through collaborative activities with organisations such as Cruise Lines International Association, British Educational Tourism Association, Inside Travel, TTG Media, Travel Weekly, Tourism Alliance, Institute of Travel and Tourism, ABTA Lifeline, Rail Delivery Group, Field Studies Council, Marwell Zoo, and Sheffield Family Holiday Fund. Working with these partners is strengthening and enabling our capacity to influence policy, widen participation, and build a coalition committed to tackling holiday inequality.

We took collective action on promoting inclusion in travel and leisure by participating in the 11 Million Postcards event which focused on how inclusion in day trips and heritage sites could be achieved. We helped to highlight the barriers families face in engaging in everyday experiences in the UK. The event has since grown into a collaborative movement and campaign, and we’re delighted to be a lead partner for the campaign in 2026.

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Plans for future periods

In 2025, we developed a bold new vision underpinned by ambitious strategic goals, which will guide our work between 2026 and 2028.

Our bold new vision is simple:

Every family should have the chance of a holiday. Time away together isn’t a luxury – it’s a lifeline. It helps families reconnect, recharge and rebuild hope.

Our ambitious new strategic goals are:

1. Support more families

2. Champion why family holidays matter

We will become the UK’s leading voice on why time away matters for families and what needs to change to make it possible

To achieve these goals we will:

1. Support more families by:

2. Champion why family holidays matter by:

We’ll measure and report on our success. By 2028 we plan to:

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Structure, governance and management

Family Holiday Charity is a charity registered in England and Wales, and in Scotland, and is a company limited by guarantee registered in England and Wales. We’re governed by our memorandum and articles of association and run by the Directors of the company, who are also the charity’s trustees, which make up the Board.

Appointment, induction and training of trustees

Trustees are appointed as set out in our memorandum and articles of association.

New trustees are recruited through an external, open, and competitive process. Prospective trustees meet with the Chair, the CEO, and are interviewed by a panel of trustees. Successful appointees are then appointed to the Board at the next meeting.

New trustees receive an induction. This includes an induction pack, copies of our memorandum and articles of association, the latest trustee annual report and financial statements and management accounts, strategy documents, impact reports and other literature. They also meet with the CEO and key staff as needed.

The Board undertakes regular skill audits, governance and performance reviews to identify any skills or knowledge gaps, which are then filled either with training or by seeking new trustees to join the Board. Our trustees are from diverse backgrounds with a range of ages, genders, ethnicities and lived experience represented.

Organisational structure

The Board meets quarterly and is responsible for directing the affairs of the charity, ensuring it is solvent, well run, its assets are safeguarded, it complies with relevant laws and regulations, follows the Charity Governance Code, and it delivers its strategic objectives. The Board’s focus is on the strategic direction of the charity and performance against its charitable objects.

The Board has two sub-committees: the Audit and Risk Committee and the Nominations and Remuneration Committee.

The Audit and Risk Committee meets quarterly and is responsible for overseeing financial controls, risk and compliance, complex legacy gifts, reviewing the draft annual report and financial statements and making recommendations to the Board. The Committee also provides oversight and accountability for key projects and tenders, giving updates to the Board as appropriate, and recommends to the Board the appointment of the external auditors.

The Nominations and Remuneration Committee meets as required and is responsible for advising appropriate remuneration and reward within the charity, and for strategic HR-related matters and making recommendations to the Board. The committee also leads on new appointments to the Board, to the CEO role, and advises on appointments to the senior leadership team.

The day-to-day management of the charity is delegated to the CEO who is directly supported in their role by the senior leadership team and the wider staff team. The CEO and senior leadership team report to the Board on progress against the strategic goals set by the Board and provide updates on financial and operational performance. A Schedule of Delegation describes the roles

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and responsibilities of the trustees, the decisions delegated to sub-committees and the CEO, as well as authority limits to decisions which can be taken by the CEO and the wider staff team.

Pay and remuneration

We have a salary structure in place for all our staff roles. The salary structure has been externally benchmarked. The salary structure has two scales: one for 100% office-based roles and one for hybrid-based roles.

Our salary structure is reviewed approximately once every three years and was last reviewed in 2024 with changes coming into effect in January 2025. Changes to the salary structure are always subject to business conditions at the time and are at the discretion of the Board. The Board strives to ensure that our salary structure is commensurate with the London Living Wage.

In 2025, the charity employed an average of 11 staff (2024: 13), which was the equivalent of 9.5 full-time staff (2024: 11.4). The ratio of our highest salary to our lowest salary during 2025 was 3.08:1 (2024: 3.09:1).

Related parties

The charity has no related parties to disclose.

Fundraising

Most of the charity’s income is brought in from various fundraising activities which raises money by securing donations from the public, companies, foundations and grant-making institutions, and gifts and legacies from wills. We also operate a small charity lottery which is administered on our behalf via a third party. From time-to-time we use the services of specialist fundraising consultants and companies.

In 2025, our biggest fundraising event was once again the London Marathon, where 28 runners ran for our charity and raised a total of £60,089 (2024: £70,382). Two of our supporters trekked across Mongolia, raising £4,350 and long-time supporters from the Cruise Lines International Association undertook their annual bike ride around the New Forest, raising £6,879 (2024: £3,019). The British Educational Travel Association raised £2,575 through events and nearly £10,000 through their networks.

Many generous donors gave to us throughout the year. This year our biggest appeal was the Big Give Christmas Challenge where our supporters donated a very generous £38,044 (2024: £29,366). We’re very grateful to the additional support of our match funders, Sheffield Family Holiday Fund and Scouloudi Foundation who contributed an additional £10,000 each as part of the Big Give Christmas Challenge.

Fundraising standards

We’re registered with, and pay the voluntary levy to, the Fundraising Regulator and follow its Code of Conduct. In 2025 the Fundraising Code was updated, and we undertook a full policy review to ensure we continued to comply with the code.

In 2025, there was 1 complaint regarding our fundraising practices (2024: 1). The complaint was resolved and learning from it has fed into process improvements.

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There were no complaints about our fundraising practices or compliance issues raised by the Fundraising Regulator.

Our Complaints Policy, Fundraising Policy and Fundraising Promise are all available on our website.

Safeguarding

As we support families who are facing a variety of challenges, safeguarding is a key focus of our work. We have a lead trustee for safeguarding on the Board who works closely with our Designated Safeguarding Manager to ensure our Safeguarding Policy is followed and implemented.

All our trustees complete safeguarding training and safeguarding is a standing item on our Board agendas. All our staff and any of our freelancers who may require it also complete safeguarding training.

We received 0 reported safeguarding concerns in 2025 (2024:0). We reported 0 serious safeguarding incidents to the Charity Commission in 2025 (2024:0).

Risk management

Our trustees are responsible for identifying, managing and mitigating risks to the charity. Our trustees regularly review and consider risk at their meetings.

We have a strategic risk register which captures the risks that directly impact on the charity’s ability to deliver its three-year strategy and to maintain long-term organisational resilience. Operational risks are managed by the staff team and escalated to the senior leadership team and, where appropriate, to the Audit and Risk Committee.

Principal risks and uncertainties

The top five risks which have been assessed to be the most significant in terms of potential impact are:

Principal risk Management plan
Income volatility and under-delivery against
income generation plans		 Diversify and strengthen performance of
our income sources and partnerships
Costs of funded holidays and charity
operations are rising faster than our income		 Increase donated holidays and breaks,
which will increase capacity whilst keeping
costs more manageable, and implement
cost control measures
Organisational capacity due to personnel
changes		 Embed new staff and trustees, maintain
culture, and ensure adequate resources
Reputational and regulatory exposure due
to public profile and new partnerships		 Continue to improve governance,
strengthen leadership and communications,
review policies
Cyber, data and digital infrastructure not yet
significantly mature		 Invest in attaining digital maturity, cyber
security, and embedding internal databases
and improving data quality

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Financial Review

Financial review

Summary of financial position

The charity’s financial position at the 31 December 2025 was a surplus of £304,338 (2024: deficit of £320,515). The surplus position was largely due to receiving a donation of £299,873 from Airbnb at the end of the year, to be spent in 2026.

Total income for the year was £1,265,193 (2024: £940,411) an increase of 35%. Unrestricted income from donations and legacies was £1,082,678 (2024: £751,064) an increase of 44% due to the Airbnb donation, increased donations from corporates, and another year of significant legacy donations. Restricted income from donations used for our funded holidays totaled £151,524 (2024: £189,347) a decrease of 20%. Gifts in kind, which is made up of donated holidays and day trips, totaled £20,385 (2024: £23,040) a decrease of 12%.

Total expenditure for the year was £960,855 (2024: £1,260,925) a decrease of 24%. This deacrease was due to our continued commitment to supporting families and to strengthening our operations. A significant proportion of our resources went on directly providing funded holidays for families. Our staff team are our most important asset and the largest area of expenditure. Staff costs were reduced this year due to changes within the team and a temporary period of lower staffing levels. This helped us to manage our resources whilst maintaining a high-quality service for families.

Our cash balance at the 31 December 2025 was £1,236,132 (2024: £989,953) an increase of 25%. This increase is due to the receipt of the donation from Airbnb, which will be mostly spent in early 2026.

Net assets at the 31 December 2025 was £1,313,300 (2024: £1,008,961) an increase of 30%. The net assets are made up of £77,487 of restricted funds (2024: £74,760), £318,677 of designated funds (2024: £330,503) and £917,136 of unrestricted funds (2024: £603,698). This increase is due to the receipt of the donation from Airbnb.

Investments

The charity has a clear investment policy which is driven by the charity’s principles. The investment policy is reviewed annually and is consistent with the trustee’s responsibilities under the Charities Act 2011.

The Audit and Risk Committee is responsible for monitoring investment performance on behalf of the Board. The trustees seek to balance maximising income from funds invested, with closely monitoring cashflow to assess the term for which investments can be made. The trustee’s overall aim is to maximise annual income from the investments. The investment manager’s performance and the degree of risk considered appropriate for the investments is measured against this overall aim.

The charity’s investments have been held with Fidelity International since August 2024. In 2025 income from investments was £29,086 (2024: £24,058) an increase of 21%.

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Reserves

At the 31 December 2025 restricted reserves were £77,487 (2024: £74,760) an increase of 4%. The restricted funds held are for funded holidays. These reserves relate to funds received and either not yet or not yet fully spent in 2025. They will be spent, in full, in 2026.

The charity has a reserves policy which determines the level of general reserves the trustees wish to hold. The reserves policy is reviewed annually as part of strategic and financial planning processes. The level of general reserves held is one of the factors taken into consideration when setting future budgets.

The trustees have agreed to maintain a level of general reserves which is consistent with three to six months budgeted expenditure. Trustees believe this level is necessary to enable the charity to better manage:

At the 31 December 2025 general reserves were £917,136 (2024: £603,698) an increase of 52%. However, £299,873 of these general funds relate to the donation received from Airbnb, the majority of which will be spent in early 2026. After these funds are spent, general reserves in early 2026 will reduce to £617,263. This amount is within the range agreed by trustees.

Trustees are satisfied with the remaining £617,263 of general funds held, as they will be used to manage risks relating to the continuing uncertainty of future income and for plans for investment in the charity’s new strategic plan and goals for 2026-2028.

Trustees have committed £220,000 from designated and general reserves in 2026, to invest in the charity’s capacity to bring in future income, to expand the number and types of holidays and experiences the charity can provide to families, and to develop the charity’s position as a leader on the importance of holidays to families in need.

Designated reserves are reserves set aside from unrestricted, general reserves by trustees to be used as decided by the trustees. The trustees have currently designated funds to invest in fixed assets, digital development, new services, research and advocacy, and donor acquisition.

At the 31 December 2025 designated reserves were £318,677 (2024: £330,503) a decrease of 4%. The balance of each individual fund is available in note 15 of the accounts.

Going concern

Trustees anticipate that fundraising plans will bring in enough income to cover the majority of operating costs for the next 12 months, and that there are enough general reserves that can and will be used to cover any shortfall in income. Having carefully assessed internal and external factors, the trustees believe that the charity will be able to operate for the foreseeable future and pay its debts as they fall due and therefore trustees are confident that the charity will continue as a going concern.

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Statement of trustees responsibilities

The trustees who are also Directors of Family Holiday Charity for the purposes of company law are responsible for preparing the trustees’ report and 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 situation of the charity and of the income and expenditure of the charity for that period.

In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deception of fraud and other irregularities.

Each of the trustees confirm that:

The trustees are responsible for the maintenance and integrity of financial information including on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees annual report was approved by the Board of Trustees in their capacity as company Directors, and signed on the board’s behalf by:

Helen Webb, Chair Dated 20 May 2026

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Independent auditors’ report to the members and trustees of Family Holiday Charity

For the year ended 31 December 2025

Opinion

We have audited the financial statements of Family Holiday Charity (the ‘charitable company’) for the year ended 31 December 2025 which comprise the Statement of Financial activities, the Balance Sheet, the Statement of Cash Flows 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) and the Charities SORP 2019.

In our opinion the financial statements:

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 Auditor’s 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.

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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 other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

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Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement on page 27, 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.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts 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 an auditor’s report 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.

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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the sector in which it operates and considered the risk of the charitable company not complying with the relevant laws and regulations including fraud; in particular those that could have a material impact on the financial statements. This included those regulations directly related to the financial statements, including financial reporting and tax legislation. In relation to the operations of the charitable company this included compliance with Companies Act 2006, Charities Commission and OSCR.

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The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit. We carried out specific procedures to address the risks identified. These included the following:

To address the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness, and assessed management bias in relation to the accounting policies adopted and in determining significant accounting estimates.

Because of 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 is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-auditof-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for

This description forms part of our auditor’s report.

Use of this Report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s 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, the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Cooper-Davis FCCA ACA (Senior Statutory Auditor)

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for and on behalf of PRICE BAILEY LLP Chartered Accountants Statutory Auditors 24 Old Bond Street London W1S 4AP

Date: 26 May 2026

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Statement of financial activities

Family Holiday Charity

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2025

Unrestricted
Restricted funds
Notes funds 2025 2025 Total 2025 Total 2024
Income
Donations & legacies 2 1,082,678 151,524 1,234,202 900,470
Investments 3 30,991 - 30,991 24,058
Other - - - 15,883
Total income 1,113,669 151,524 1,265,193 940,411
Expenditure
Raising funds 4 505,780 - 505,780 529,299
Charitable activities 5 270,037 185,038 455,075 731,626
Total expenditure 775,817 185,038 960,855 1,260,925
Net gain/(loss) on investment - - - -
Net movement in funds 337,852 (33,514) 304,338 (320,514)
Reconciliation of funds
Total funds brought forward 934,202 74,760 1,008,962 1,329,476
Net movement in funds 337,852 (33,514) 304,338 (320,515)
Transfers (36,241) 36,241 - -
Total funds carried forward 1,235,813 77,487 1,313,300 1,008,962

The statement of financial activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All the above amounts related to continuing activities.

The notes on pages 40-46 form part of these financial statements.

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Family Holiday Charity

Balance sheet for the year ended 31 December 2025

Notes
Fixed Assets
Tangible assets
11
Current Assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total net assets less current liabilities
Net assets
Charity funds
Unrestricted funds
Designated funds
15
Restricted funds		 2025
2024
63,897
78,761
63,897
78,761

53,687
59,269
1,236,132
989,953
1,289,819
1,049,222
(40,416)
(119,022)
1,249,403
930,200
1,313,300
1,008,961
1,313,300
1,008,961
917,136
603,698
318,677
330,503
77,487
74,760
1,313,300
1,008,961

The notes on pages 40-46 form part of these financial statements.

Company number: 02301337

These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the trustees on 20 May 2026 and signed on their behalf by

Helen Webb, Chair Dated 20 May 2026

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Family Holiday Charity

Statement of cash flows for the year ended 31 December 2025

Notes
Cash flows from operating activities
Net cash used in operating activities
22
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of intangible or fixed assets
Sale of investments
Net cash used in investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of period
Cash and cash equivalents at the end of period		 2025
2024
223,084
(286,364)
30,991
24,058
(7,896)
-
-
-
23,095
24,058
246,179
(262,306)
989,953
1,252,260
1,236,132
989,954

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Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation and uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation of financial statements

The Family Holiday Charity is a private company limited by guarantee and incorporated in England and Wales. The registered office is Canopi, 82 Tanner Street, London, SE1 3GN.

The financial statements have been prepared in accordance with the requirements of accounting and reporting by charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102, effective from 1 January 2019) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in Sterling which is the functional currency of the company, and are rounded to the nearest whole pound.

1.2 Going concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees have considered a period of at least 12 months from approval of the financial statements and have reviewed the financial position and financial forecasts, taking into account the levels of reserves and the systems of financial control and risk management. As a result of this review, the trustees believe that they are well placed to manage operational and financial risks successfully.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it, after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation.

Gifts in kind received include the provision of donated holidays. The estimated value of donated holidays is included in the statement of financial activities at the market rate to obtain services or

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facilities of equivalent benefit on the open market. A corresponding amount is then recognised in expenditure in the period of receipt.

For legacies, entitlement is taken as the earlier of the date on which either:

Receipt of a legacy, in whole or in part, is only considered probable when:

Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income from other grants whether capital or revenue, is recognised when:

Investment income is recognised on a receivable basis.

Income received in advance of the provision of a specific service is deferred until the criteria for income recognition are met.

1.5 Resources expended

Liabilities are recognised as soon as:

All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category.

Costs of generating funds comprises costs associated with attracting voluntary income and investment management fees.

Funded holidays are payments made to third parties in the furtherance of our charitable objectives to provide holidays to families facing tough times.

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings, expenses, and the cost of any legal advice to the trustees on governance or constitutional matters.

Support costs include overheads which have been allocated to activity costs on a basis consistent with the use of resources, for example, staff costs by their time spent, and other costs by their usage.

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1.6 Tangible and intangible assets

Tangible and intangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. All assets costing more than £500 are capitalised at their historical cost when purchased.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income and expenditure for the year.

At each reporting end date, the charity reviews the carrying amount of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss.

1.7 Fixed asset investments

Fixed asset investments are a form of basic financial instrument and are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date using the closing quoted market price. Changes in fair value are recognised in the income and expenditure for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all its financial instruments.

Financial Instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded or depreciated at historical cost. All other assets and liabilities are recorded at cost which is their fair value. Investments are recorded at the closing market value.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is

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measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

The employees of the charity are entitled to join a defined contribution pension scheme. The pension cost charged in the accounts represents the contributions payable by the charity during the year and is disclosed in the notes to the financial statements.

1.12 Operating leases

Operating leases are recognised over the period of which the lease falls due.

1.13 Taxation

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

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Notes on the financial statements

Family Holiday Charity

Notes to the financial statements for the year ended 31 December 2025

2 Donations and legacies
Donations and gifts
Legacies
Total		 Unrestricted
funds 2025
Restricted funds
2025
Total 2025
Total 2024
928,940
151,524
1,080,464
768,315
153,738
-
153,738
132,155
1,082,678
151,524

1,234,202
900,470

Included in donations and legacies are gifts in kind received in the year totaling a value of £20,385 (2024: £23,040).

3 Investments
Interest
Income from listed investments
Total
4 Raising funds
Cost of generating voluntary income
Fundraising costs
Staff costs
Support costs
Cost of generating voluntary income
5 Charitable activities
Staff costs
Depreciation and impairment
Funded holidays costs
Support costs
Governance costs
Analysis by fund
Unrestricted funds
Restricted funds		 Unrestricted
funds 2025
Unrestricted
funds 2024
1,905
5,281
29,086
18,777
30,991
24,058
Unrestricted
funds 2025
Unrestricted
funds 2024
82,094
108,416
249,169
245,623
174,517
175,260
505,780
529,299
Direct activities
costs 2025
Direct activities
costs 2024
67,074
135,904
22,761
26,640
89,835
162,544
182,261
255,076
158,813
280,416
24,166
33,590
455,075
731,626
270,037
573,818
185,038
157,808
455,075
731,626

Staff costs in notes 4 and 5 include employee costs from note 9 and temporary staff costs of £51,981 (2024: £40,065).

Funded holidays
Grants to families for funded holidays		 Direct activities
costs 2025
Direct activities
costs 2024
182,261
255,076
182,261
255,076

6 Funded holidays

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Family Holiday Charity

Notes to the financial statements for the year ended 31 December 2025

7 Support and Governance costs
Staff costs
Establishment costs
Printing, postage and stationery
Subscriptions and donations
Travel and subsistence
Bank charges
Depreciation
(Profit)/loss on disposal of fixed assets
Legal and professional
Auditor's remuneration
Analysed between
Fundraising
Charitable activities
Support and Governance costs
Staff costs
Establishment costs
Printing, postage and stationery
Subscriptions and donations
Travel and subsistence
Bank charges
Depreciation
(Profit)/loss on disposal of fixed assets
Legal and professional
Auditor's remuneration
Analysed between
Fundraising
Charitable activities		 Support costs
Governance
costs
2025
220,924
-
220,924
90,262
-
90,262
4,593
-
4,593
9,749
-
9,749
1,342
-
1,342
6,460
-
6,460
22,761
-
22,761
-
-
-
-
10,366
10,366
-
13,800
13,800
356,091
24,166
380,257
174,517
-
174,517
181,574
24,166
205,740
356,091
24,166
380,257
Support costs
Governance
costs
2024
275,656
-
275,656
125,470
-
125,470
4,923
-
4,923
13,433
-
13,433
2,070
138
2,208
6,715
-
6,715
26,640
-
26,640
769
-
769
-
15,512
15,512
-
17,940
17,940
455,676
33,590
489,266
175,260
-
175,260
280,416
33,590
314,006
455,676
33,590
489,266

8 Trustees

None of the trustees or any persons connected with them, received any remuneration during the year. Trustees were reimbursed expenses to the value of £0 (2024: £138)

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Family Holiday Charity

Notes to the financial statements for the year ended 31 December 2025

9 Employees
Experience and Impact
Income and Engagement
Support
Total
Employment costs
Salaries
National insurance costs
Pension costs
Total		 2025
2024
2
3
5
6
4
4
11
13
2025
2024
405,549
536,361
42,866
45,257
17,914
22,409
466,329
604,027

Key Management personnel

Total Key Management Personnel remuneration for 2025 was £182,367 (2024: £319,580) The number of employees whose annual remuneration was £60,000 or more were:

2025 2024
£130,000 - £139,999 - 1
£70,000 - £79,999 1 -
£60,000 - £69,999 - 1

The CEO and Directors are considered Key Management Personnel. Redundancy and settlement payments for 2025 was £0 (2024: £20,000).

10 Net income/(expenditure) for the year

this is stated after charging: 2025 2024
Depreciation 22,761 26,640
Auditor remuneration 13,800 17,940
Operating lease expenditure 24,719 24,791

11 Fixed assets

Cost
At 01.01.2025
Additions
Disposals
At 31.12.2025
Depreciation and impairment
At 01.01.2025
Depreciation charged in the period
Removal in respect of disposal
At 31.12.2025
Carrying amount
At 31.12.2025
At 31.12.2024		 Intangible
Tangible
Digital
infrastructure
Office
equipment
Total
97,630
117,833
215,463
7,896
7,896
-
(1,534)
(1,534)
97,630
124,195
221,825
22,299
114,402
136,701
19,526
3,235
22,761
-
(1,534)
(1,534)
41,825
116,103
157,928
55,805
8,092
63,897
75,331
3,430
78,761

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Family Holiday Charity Trustees Annual Report & Accounts 2025

42

Family Holiday Charity

Notes to the financial statements for year ended 31 December 2025

12 Debtors

Amounts falling due within one year
Prepayments and accrued income
Other debtors
13 Creditors
Amounts falling due within one year
Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors		 2025
2024
49,507
54,589
4,180
4,680
53,687
59,269
(3,053)
14,030
38,470
91,419
10,391
10,297
(5,392)
3,276
40,416
119,022

Deferred income

£14,122 relates to income received in this period for the London Marathon April 2026 (2024: £14,739)

Balance brought forward
Released in year
Deferred in year
Balance carried forward		 2025
2024
14,739
9,642
(37,521)
(29,693)
36,904
34,790
14,122
14,739

14 Retirement benefit schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately to those of the charity in an independently administered fund. The costs in the year for the defined contributions pension scheme was £17,014 (2024: £22,409). There was £1,374 of outstanding pension contributions payable to the pension fund at the end of 2025 (2024: £0).

15 Designated funds

The funds of the charity include the following designated funds which have been set aside from unrestricted funds by the Trustees for specific purposes

Tangible & intangible assets
Digital investment
Research & advocacy
Service development
Donor acquisition		 Balance at
01.01.25
Incoming
resources
Transfers
Balance at
31.12.25
78,761
-
(7,896)
70,865
68,661
-
(2,400)
66,261
36,357
-
(1,530)
34,827
46,724
-
-
46,724
100,000
-
-
100,000
330,503
-
(11,826)
318,677

Tangible & intangible assets For the purchase of fixed assets Digital investment For a digital project to improve systems, operations and our digital offer Research & advocacy For development of research and advocacy activities Service development For development and diversification of services Donor acquisition For a project to increase donors

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Family Holiday Charity Trustees Annual Report & Accounts 2025

43

Family Holiday Charity

Notes to the financial statements for year ended 31 December 2025

16 Analysis of net assets between funds

Unrestricted
Restricted funds		 Unrestricted
Restricted funds		 Unrestricted
Restricted funds
funds 2025 2025 Total 2025
Tangible and intangible assets 63,897 - 63,897
Current assets/(liabilities) 1,171,916 77,487 1,249,403
1,235,813 77,487 1,313,300
Unrestricted
Restricted funds
funds 2024 2024 Total 2024
Tangible and intangible assets 78,761 - 78,761
Current assets/(liabilities) 855,440 74,760 930,200
934,201 74,760 1,008,961
**17 ** Funds analysis - current year
Balance at Gains / Balance at
01.01.2025 Income Expenditure Transfers (Losses) 31.12.2025
£ £ £ £ £ £
Unrestricted funds
General funds 934,202 1,113,669 775,817 (36,241) - 1,235,813
Total general funds 934,202 1,113,669 775,817 (36,241) - 1,235,813
Restricted funds 74,760 151,524 185,038 36,241 - 77,487
Total restricted funds 74,760 151,524 185,038 36,241 - 77,487
Total funds 1,008,962 1,265,193 960,855 - - 1,313,300
Funds analysis - prior year
Balance at Gains / Balance at
01.01.2024 Income Expenditure Transfers (Losses) 31.12.2024
£ £ £ £ £ £
Unrestricted funds
General funds 1,262,107 751,064 1,093,151 14,182 - 934,202
Total general funds 1,262,107 751,064 1,093,151 14,182 - 934,202
Restricted funds 67,369 189,347 167,774 (14,182) - 74,760
Total restricted funds 67,369 189,347 167,774 (14,182) - 74,760
Total funds 1,329,476 940,411 1,260,925 - - 1,008,962

Restricted funds

These funds are grants from funders which are restricted specifically for the purposes of providing funded holidays to families who meet specific criteria. There are no unfulfilled conditions or contingencies relating to amounts recognised during the year. A full list of the funders and their conditions is available on our website.[6]

18 Operating lease commitments

Within one year
Between two and five years		 2025
2024
6120
5,073
-
-
6,120
5,073

19 Related party transactions

The charity received £615 in donations from trustees in 2025 (2024: £250). There were no other related party transactions during the year.

6 https://familyholidaycharity.org.uk/trust-fund-list

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Family Holiday Charity Trustees Annual Report & Accounts 2025

44

Family Holiday Charity

Notes to the financial statements for year ended 31 December 2025

20 Cash generated from operations
(Deficit)/Surplus for the period
Adjustments for:
Investment income recognised in SOFA
Loss/(gain) on disposal of tangible fixed assets
Depreciation and impairment of fixed assets
Movement in working capital
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Cash generated from operations		 2025
2024
304,338
(320,515)
(30,991)
(24,058)
-
769
22,761
26,640
5,582
(20,287)
(78,606)
51,087
223,084
(286,364)
(23,095)
(24,057)

21 Analysis of changes in net funds

The charity had no debt during the year
Cash in hand
Total cash and cash equivalents		 31.12.24
Cash
movement
31.12.25
989,953
246,179
1,236,132
989,953
246,179
1,236,132

22 Contingent assets

The charity has been notified that it will receive legacy donations from seven separate estates. As these legacies can not yet be reliably measured and we’ve yet to receive notification of a distribution from the estate, as per out accounting policy for legacies, no value for these legacy donations have been included in the financial statements.

23 Contingent liabilities

The charity is defending an employment tribunal claim. A preliminary hearing is due to take place in 2026. The outcome of the case is uncertain. The charity has appointed legal representatives, and appropriate insurance arrangements are in place which are expected to materially limit the charity’s exposure to financial risk, subject to policy terms. No provision has been made in these financial statements as the trustees consider that, at the balance sheet date, the existence and amount of any obligation could not be measured with sufficient reliability.

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Family Holiday Charity Trustees Annual Report & Accounts 2025

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Family Holiday Charity hello@familyholidaycharity.org.uk 0203 117 0650 FUNDRAISING REGULATOR