	2004	2003
	£	£
FIXED ASSETS
Tangible Fixed Assets	6,417	8,667
	_______	_______
CURRENT ASSETS
Debtors	1,030	5,320
Cash at Bank and In Hand	104,557	78,130
	_______	_______
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	(14,207)	(5,749)
	_______	_______
NET CURRENT ASSETS	91,380	77,701
	_______	_______
NET ASSETS	97,797	86,368
	_______	_______
FUNDS
Income Funds : -
Restricted Funds	7,666	2,000
Unrestricted Funds	90,131	84,368
	_______	_______
TOTAL FUNDS	97,797	86,368
	_______	_______

Independent Examiner's Statement to the Trustees of Children's World

I have examined the summarised financial statements comprising the Consolidated Statement of Financial Activities and the Consolidated Balance Sheet.

Respective Responsibilities of Trustees and Independent Examiner

You are responsible as Trustees for the preparation of the summary financial statements. I have agreed to report to you my opinion on the summarised statements' consistency with the full statements, on which I reported to you on 25 November 2004.

Basis of Opinion

I have carried out the procedures I consider necessary to ascertain whether the summarised financial statements are consistent with the full financial statements from which they have been prepared.

Opinion

In my opinion the summarised financial statements are consistent with the full financial statements for the year ended 31 August 2004.

Andrew Davies FCA
Tenon Limited,
The Old Mill,
Park Road,
Shepton Mallet,
Somerset, BA4 5BS

Dated: 25 November 2004