Charity registration number 1045928 (England and Wales)
Company registration number 8210064
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr R H Buckland
Dr B Malcolm
Dr J Frankish
Mr K Harding
Mr R Braddick
Mr M Evans
Mr D Sparrey
Mr J Barker
(Appointed 19 September 2024)
Secretary
Dr R H Buckland
Charity number
1045928
Company number
8210064
Principal address
Speenholme
Primrose Lane
Northam
Bideford
Devon
EX39 1NR
Registered office
Millennium House
Brannam Crescent
Roundswell Business Park
Barnstaple
Devon
United Kingdom
EX31 3TD
Independent examiner
Simpkins Edwards LLP
Millennium House
Brannam Crescent
Roundswell Business Park
Barnstaple
Devon
EX31 3TD
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
CONTENTS
Page
Trustees' report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 January 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's aims are to raise money through donations and fundraising activities, with the intention being to provide an overseas holiday, or other holiday, or recreational activity, not normally available to severely ill children or children with a major disability with the aim of improving their quality of life.

 

The charity has significant investment income to continue to support the charities aims, where there is an expectation that the income received from donations and legacies will decrease.

 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

 

The charity does not have any employees and so is entirely supported through volunteers.

Achievements and performance

The charity has successfully generated income resources and funds to the value of £18,984.50 plus £437.50 in gift aid, through donations and fundraising events, this was an increase of £2,438.

Financial review

The surplus for the period amounted to £27,964 (2024 - loss of 23,661) which when added to the balance brought forward means that reserves have increased to £502,323 (2024 - £474,359). The difference between the net movement in funds between years reflects a significant rise in costs with increases in donations and on investments not subsidising this.

 

The surplus has been generated due to the performance of the investments this year with the costs of trips outweighing the income generated by donations and charitable activities in the year. The net movement in funds between years is fully reflective of these factors.

 

During the year, the charity has incurred holiday expenses of £43,037, and governance costs of £6,576. These governance costs include accountancy fees, printing, postage & stationery and sundry expenses.

 

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

 

The trustees have opted to retain a large reserves balance in the year, so that they are able to meet the costs of the charity if there should be a drop in income in the future.

 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
Structure, governance and management

The trustees trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Dr R H Buckland
Dr B Malcolm
Dr J Frankish
Mr K Harding
Mr R Braddick
Mr J Morris
(Resigned 25 September 2024)
Ms K Murdoch
(Resigned 10 September 2024)
Mr M Evans
Mr D Sparrey
Mr J Barker
(Appointed 19 September 2024)

The report was approved by the Board of Trustees.

Dr R H Buckland
2 June 2025
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHILDRENS HOLIDAY FOUNDATION NORTH DEVON FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Childrens Holiday Foundation North Devon for the year ended 31 January 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 8 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Childrens Holiday Foundation North Devon and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Childrens Holiday Foundation North Devon and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that Childrens Holiday Foundation North Devon has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Childrens Holiday Foundation North Devon. You consider that Childrens Holiday Foundation North Devon is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Childrens Holiday Foundation North Devon. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simpkins Edwards LLP
Chartered Accountants
Millennium House
Brannam Crescent
Roundswell Business Park
Barnstaple
Devon
EX31 3TD
2 June 2025
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
10,047
8,758
Charitable activities
3
9,015
8,226
Investments
4
360
-
Total income
19,422
16,984
Expenditure on:
Charitable activities
Holidays
5
43,037
45,509
Governance Costs
5
6,576
6,529
Total charitable expenditure
49,613
52,038
Total expenditure
49,613
52,038
Net gains/(losses) on investments
7
58,155
11,291
Net income/(expenditure)
27,964
(23,763)
Other recognised gains and losses:
Other gains
9
-
102
Net movement in funds
27,964
(23,661)
Reconciliation of funds:
Fund balances at 1 February 2024
474,359
498,020
Fund balances at 31 January 2025
502,323
474,359

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
190
381
Investments
11
459,388
436,048
459,578
436,429
Current assets
Debtors
12
8,083
2,119
Cash at bank and in hand
35,662
36,771
43,745
38,890
Creditors: amounts falling due within one year
13
1,000
960
Net current assets
42,745
37,930
Total assets less current liabilities
502,323
474,359
The funds of the charity
Unrestricted funds
502,323
474,359
502,323
474,359

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2025.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 2 June 2025
Dr R H Buckland
Trustee
Company registration number 8210064 (England and Wales)
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
1
Accounting policies
Charity information

Childrens Holiday Foundation North Devon is a charity established and governed by a Trust Deed dated 6 April 1995. It is registered with The Charity Commmission under reference number 1045928, The Charity was incorporated on 11 September 2012.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees 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 financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4
Income
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.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 7 -

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight Line

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 statement of financial activities.

1.7
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8
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 of 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.

2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
10,047
8,758
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

Golf Days

6,960
8,100

Fundraising

2,055
126
9,015
8,226
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
360
-
5
Expenditure on charitable activities
Holidays
Governance Costs
Total
Holidays
Governance Costs
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Depreciation and impairment
-
191
191
-
191
191
Holiday Costs
43,037
-
43,037
45,509
-
45,509
Accountancy
-
1,034
1,034
-
1,166
1,166
Printing, Postage & Stationary
-
368
368
-
305
305
Sundry Expenses
-
169
169
-
35
35
Investment Charges
-
4,814
4,814
-
4,832
4,832
43,037
6,576
49,613
45,509
6,529
52,038
Analysis by fund
Unrestricted funds
43,037
6,576
49,613
45,509
6,529
52,038
6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investments
58,155
11,291
8
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
9
Other gains and losses
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) upon:
£
£
Foreign exchange
-
102
10
Tangible fixed assets
Computers
£
Cost
At 1 February 2024
763
At 31 January 2025
763
Depreciation and impairment
At 1 February 2024
382
Depreciation charged in the year
191
At 31 January 2025
573
Carrying amount
At 31 January 2025
190
At 31 January 2024
381
11
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 February 2024
436,048
Valuation changes
53,340
At 31 January 2025
489,388
Impairment
At 1 February 2024
-
Disposals
30,000
At 31 January 2025
30,000
Carrying amount
At 31 January 2025
459,388
At 31 January 2024
436,048
CHILDRENS HOLIDAY FOUNDATION NORTH DEVON
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1
-
Prepayments and accrued income
8,082
2,119
8,083
2,119
13
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
1,000
960
14
Unrestricted funds
At 1 February 2024
Incoming resources
Resources expended
Gains and losses
At 31 January 2025
£
£
£
£
£
General funds
474,359
19,422
(49,613)
58,155
502,323
Previous year:
At 1 February 2023
Incoming resources
Resources expended
Gains and losses
At 31 January 2024
£
£
£
£
£
General funds
498,020
16,984
(52,038)
11,393
474,359
15
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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