2022-03-31-accounts - The Childrens Foundation Limited

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Contents
				Page
Legal and Administrative		Information
Report ofthe Trustees
Independent Examiner's		Report		18
Statement of Financial		Activities	(Incorporating	20
income and Expenditure	Account)
Balance Sheet				22
Notes to the Financial	Statements			24

Charity Name:	Charity Name:		The Children's	Foundation
Registered	Charity Number:		1000013
Registered	Company	Number:	02528291
Registered	Office and		SirJames Spence Institute
Operational	address:		Royal Victoria	Infirmary
			Queen Victoria	Road
			Newcastle upon Tyne
			NE1 4LP

Statement o forthe year	fFinancial Activiti ended 31March	es 2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2022	2022	2022	2021
		Notes	f	E	6	E
Income and	endowments
from:
Donations	and legacies		84,410	87,550	171,960	169,752
Other trading activities			9,847	1,145	10,992	115
Investments			(40)		(40)	500
Other			1,471	15,017	16,488	7,323
Total			95,688	103,712	199,400	177,690
Expenditure	on:
Raising funds		8	7,986	536	8,522	1,373
Charitable	activities	9	312	46,289	46,601	43,744
Other		10	95,576	32,048	127,624	117,849
Total			103,874	78,873	182,747	162,966
Net gains on	investments
Net income			(8,186)	24,839	16,653	14,724
Transfers between funds
Net income gains/(losses)	before other		(8,186)	24,839	16,653	14,724
Other gains	and losses
Net movement in funds			(8,186)	24,839	16,653	14,724
Reconciliation offunds:
Total funds brought forward			314,166	134,271	448,437	433,713
Total funds carried forward			305,980	159,110	465,090	448,437

			2022	2021
			E	E
Income			199,440	177,190
Interest and	investment	income	(40)	500
Gross income for the year			199,400	177,690
Expenditure			177,285	157,475
Depreciation	and charges	for
impairment	offixed assets		5,462	5,491
Total expenditure forthe year			182,747	162,966
Net income	before tax for the year		16,653	14,724
Net income	for the year		16,653	14,724

Company No.	02528291	02528291	02528291	Notes	2022	2021
					6	6
Fixed assets
Tangible assets				13	231,157	236,619
					231,157	236,619
Current assets
Stocks				14		729
Debtors				15	9,960	3,593
Cash at bank	and		in hand		241,965	225,457
					251,925	229,779
Creditors: Amount		falling due within one year		16	(17,992)	(17,961)
Net current assets					233,933	211,818
Total assets less	current liabilities				465,090	448,437
Net assets excluding			pension asset or liability		465,090	448,437
Total net assets					465,090	448,437
The funds ofthe	charity
Restricted funds				17
Restricted income			funds		159,110	134,271
					159,110	134,271
Unrestricted funds				17
General funds					74,561	74,547
Designated funds					231,419	239,619
					305,980	314,166
Reserves				17
Total funds					465,090	448,437

			2022	2021
			6	8
Cash flows from operating	activities
Net income per Statement	of Financial Activities		16,653	14,724
Adjustments for:
Depreciation ofproperty, plant and equipment			5,462	5,491
Dividends, interest and	rents from investments		(16,448)	(7,823)
Decrease/(Increase) in	stocks		729	(729)
(Increase)/Decrease in	trade and other receivables		(6,367)	2,840
Increase/(Decrease) in	trade and other payables		4,507	(2,953)
Net cash provided by operating activities			4,536	11,550
Cash flows from investing	activities
Dividends, interest and	rents from investments		16,448	7,823
Net cash from Investing activities			16,448	7,823
Net cash from financing activities
Net increase in cash and cash equivalents			20,984	19,373
Cash and cash equivalents	at the beginning	ofthe year	225,457	206,084
Cash and cash equivalents	at the end ofthe year		246,441	225,457
Components ofcash and cash equivalents
Cash and bank balances			241,965	225,457
			241,965	225,457

last year and no changes	last year and no changes	last year and no changes	last year and no changes	have been made to accounts for previou	s years.
Fund accounting
Unrestricted		funds		These are available for use atthe discretion ofthe trustees in furtherance			ofthe
				general objects ofthe charity.
Designated		funds		These are unrestricted funds earmarked	by the trustees	for particular purposes.
Revaluation		funds		These are unrestricted funds which include a revaluation		reserve representing
				the restatement ofinvestment assets at	their market values.
Restricted	funds			These are available for use subject to restrictions imposed by the donor			or
				through terms ofan appeal.
Income
Recognition		of	income	Income is included in the Statement of Financial Activities (SoFA) when the
				charity becomes entitled to, and virtually	certain to receive, the income		and	the
				amount ofthe income can be measured	with sufficient	reliability.
Income with		related		Where income has related expenditure the income and		related expenditure		is
expenditure				reported gross in the SoFA.
Donations	and		legacies	Voluntary income received by way of grants, donations		and gifts is included		in
				the the SoFA when receivable and only	when the Charity has unconditional
				entitlement tothe income.
Tax reclaims		on		Income from tax reclaims is included in the SoFAat the		same time as the
donations	and		gifts	gift/donation to which it relates.
Donated services and				These are only included in income (with	an equivalent amount in expenditure)
facilities				where the benefit tothe Charity is reasonably quantifiable, measurable			and
				material.
Volunteer	help			The value ofany volunteer help received	is not included	in the accounts.
Investment		income		This is included in the accounts when receivable.
Gains/(losses)			on	This includes any gain or loss resulting from revaluing investments to market
revaluation		of	fixed	value at the end ofthe year.
assets
Gains/(losses)			on	This includes any gain or loss on the sale	ofinvestments.
investment		assets

Expenditure
Recognition	of	Expenditure is recognised on an accruals basis. Expenditure includes any VAT
expenditure		which cannot be fully recovered, and is reported as part ofthe expenditure to
		which it relates.
Expenditure	on raising	These comprise the costs associated with attracting voluntary income,
funds		fundraising trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits activities
charitable activities		and services in the furtherance ofits objects, including the making ofgrants and
		governance costs.
Grants payable		All grant expenditure is accounted for on an actual paid basis plus an accrual for
		grants that have been approved by the trustees at the end ofthe year but not
		yet paid.
Governance	costs	These include those costs associated with meeting the constitutional and
		statutory requirements ofthe Charity, including any audit/independent
		examination fees, costs linked tothe strategic management ofthe Charity,
		together with a share ofother administration costs.
Other expenditure		These are support costs not allocated to a particular activity.

						Unrestricted	Restricted
						funds	funds	Total funds
						2021	2021	2021
Income and endowments			from:
	Donations and	legacies				85,104	84,648	169,752
	Other trading activities					115		115
	Investments					500		500
	Other					7,323		7,323
Total						93,042	84,648	177,690
Expenditure on:
	Raising funds					1,373		1,373
	Charitable activities					86,157	67,755	153,912
	Other					7,681		7,681
Total						95,211	67,755	162,966
Net	income					(2,169)	16,893	14,724
Transfers between		funds				302	(302)
Net income before gains/(losses)		other				(1,867)	16,591	14,724
Other gains and losses:
Net	movement in funds					(1,867)	16,591	14,724
Reconciliation offunds:
Total funds brought		forward				316,034	117,679	433,713
Total funds carried		forward				314,167	134,270	448,437
4	Income from donations			and legacies
					Unrestricted	Restricted	Total	Total
							2022	2021
					E	E	E
	Donations - Individual				26,512	6,608	33,120	25,021
	Donations - Corporate				15,696	2,000	17,696	18,277
	Grants				41,002	78,942	119,944	124,265
	Gifts in Kind				1,200		1,200	2,189
					84,410	87,550	171,960	169,752

s tothe Accounts	s tothe Accounts	s tothe Accounts
Grants Received in year:						Total
						2022
						6
Ernest Cook Trust						18,370
Postcode Lottery						10,106
Ballinger Charitable	Trust					10,000
Community Foundation		Wellesle		y Trust		9,752
Refund SirJohn Bell	Fund					(6,610)
Children in Need						9,735
Streetga mes						11,846
Garfield Weston						6,500
Assura Grant						5,000
Shears Foundation						5,000
Catherine Cookson						5,000
LGA Foundation						5,000
Nineveh Trust						5,000
County Durham Community			Foun		dation	4,538
Northumberland Village		Homes				3,750
Finnis Scott Foundation						3,000
Gibson Trust						2,000
University ofCumbria						5,861
Groundwork						1,096
Enterprise Holdings	Foundation					1,000
RW Mann Trust						1,000
Hadrian Trust						1,000
Joseph Strong Frater Trust						1,000
The AB David Charity						1,000
						119,944

5	Income	from	other trading activitie	s
				Unrestricted	Restricted	Total	Total
						2022	2021
					E
	Events			9,847	1,145	10,992	115
				9,847	1,145	10,992	115
6	Income	from	investments

Unrestricted	Total	Total
	2022	2021
E	6
(40)	(40)	500
(40)	(40)	500

							Unrestricted	Restricted	Total	Total
									2022	2021
							E	E	E	E
	Other Income						1,471	15,017	16,488	7,323
							1,471	15,017	16,488	7,323
8	Expenditure		on raising		funds
							Unrestricted	Restricted	Total	Total
									2022	2021
							E	E	E	E
	Costs ofgenerating			voluntary
	income
	Donations	-	Individual				7,986	536	8,522	1,373
							7,986	536	8,522	1,373
9	Expenditure		on charitable			activities
							Unrestricted	Restricted	Total	Total
									2022	2021
	Expenditure		on charitable
	octivi ties
	Charitable	Activities					312	46,289	46,601	43,713
	Governonce		costs
	Accountants		Fee							31
							312	46,289	46,601	43,744
10	Other expenditure
							Unrestricted	Restricted	Total	Total
									2022	2021
	In Kind Gifts						1,200		1,200	2,190
	Employee costs						80,936	30,971	111,907	98,148
	Motor and	travel costs					1,676	537	2 213	3,358
	Amortisation,		depreciation,
	impairment,		profit/loss		on		5,462		5,462	5,491
	disposal of	fixed assets
	General administrative				costs		5,998	540	6,538	8,476
	Legal and professional				costs		304		304	186
							95,576	32,048	127,624	117,849
11	Net income		before	transfers
								2022		2021
	This isstated		after charging:					E		E
	Depreciation		ofowned		fixed assets			5,462		5,491

Staff costs
					2022	2021
Salaries and wages					102,939	91,155
Social security	costs				3,281	2,702
Pension costs					4,762	3,961
					110,982	97,818
No employee	received	emoluments	in excess ofE60,000.
The average monthly		number offull	time equivalent	employees	during the year was as follows:
					2022	2021
					Number	Number
Head of Department					1	1
Administrative					5	5
					6

				Leasehold	Fixtures &
						Total
				Buildings	Fittings
	Cost or revaluation
	At 1April 2021			260,000	92,479	352,479
	At31March	2022		260,000	92,479	352,479
	Depreciation	and impairment
	At 1April 2021			26,000	89,860	115,860
	Depreciation	charge for	the	5,200	262	5,462
	year
	At 31March	2022		31,200	90,122	121,322
	Net book values
	At 31March	2022		228,800	2,357	231,157
	At 31March	2021		234,000	2,619	236,619
14	Stocks
				2022		2021
				E		E
	Finished goods					729
						729
	Carrying value analysed		by activities	2022		2021
						E
	Charitable Activities					729
						729

15	Debtors
			2022	2021
			f	f
	Trade debtors		8,730
	Other debtors			602
	Prepayments	and accrued income	1,230	2,991
			9,960	3,593
16	Creditors:
	amounts falling due within one year
			2022	2021
			f	6
	Trade creditors		3,951	7,730
	Other taxes and social security		1,321	1,906
	Other creditors		631
	Accruals		3,689	8,165
	Deferred income		8,400	160
			17,992	17,961

Childrens' Foundation Limited s tothe Accounts Movement in funds
		Incoming
		resources			At31
			Resources	Gross
	At 1April	(including other	expended	transfers	March 2022
	2021	gains/losses)
		6
Restricted funds:
Restricted income funds:
Therapeutic Horticulture	41,099	13,861	(8,831)		46,129
Fuzzy Subjects	22,119	1,096	(8,613)		14,602
Green Mentor	14,215	18,370	(12,380)		20,205
Clown Doctors	13,247	14,273	(9,149)		18,371
Read Ik Recovery	12,982		(12,982)
Surfing	11,097	(6,610)	(1,154)		3,333
Couch to 2K	9,633		(2,430)		7,203
Clown Doctors Hospice	2,250		(1,337)		913
Great North Hospital	435				435
Holiday Activities	105	11,847	(11,952)
Food gtFun Packs	1,322		(1,322)
MaM Campaign		45,875	(4,705)		41,170
Roots to Health		5,000	(1,084)		3,916
Community Allotment	5,767		(2,934)		2,833
Total	134,271	103,712	(78,873)		159,110
Unrestricted funds:
General funds	74,547	95,688	(98,674)	3,000	74,561
Designated funds:
Fixed Assets	236,619		(5,200)		231,419
Reading Recovery	3,000			(3,000)
Total	239,619		(5,200)	(3,000)	231,419
Total funds	448,437	199,400	(182,747)		465,090

s tothe Accounts	s tothe Accounts
Read & Recovery		Offering a reading space, resources and teaching support to		children to
		help them increase literacy skills and confidence, particularly		regarding
		learning disruption caused by Covid 19
Surfing		Aiming to improve young people's health, fitness and	wellbeing		through
		exercise.
Couch to 2K		Aiming to improve young people's health, fitness and	wellbeing		through
		exercise.
Clown Doctors Hospice		Providing a pilot programme ofClown Doctor visits to	children attending
		for hospice respite care
Holiday Activities		Designed to combat holiday hunger, social isolation and inactivity,
		initially in response to the pandemic
Food 8 Fun	Packs	Providing vulnerable families with weekend food provision,		slow
		cookers and activity packs for children that encourage	family time
		through reading, play and crafts.
MaM Campaign		Providing Baby Boxesto fist time vulnerable mothers,	supporting
		healthy baby development and maternal well-being through		the	simple
		every day.
Roots to Health		Youth Work led gardening project supporting young people		aged 13+to
		achieve a Level 1Award in Practical Horticulture. Improving		well-being
		via the outdoors.
Community	Allotment	A weekly (March - October), open access, Youth Work	led community
		garden for young people. Supporting socialinteraction,	general
		well-being and group based horticultural activities.

Annual co	mmitments under non-cancellable	operating leases are	as follows:
		2022	2022	2021	2021
		Land and		Land and
			Other		Other
		buildings		buildings
		E		E
Operating	leases with expiry date:
Pension commitments
			2022		2021
					E
The pension cost charge tothe company
amounted	to:		4,762

	The pension cost charge amounted to:
21	Related party disclosures
	Controlling partY

						Unrestricte	Restricted
						d funds	funds	Total funds	Total funds
						2022	2022	2022	2021
						E	E	E	E
Income and		endowments		from:
Donations	and legacies
Donations		- Individual				26,512	6,608	33,120	25,021
Donations		- Corporate				15,696	2,000	17,696	18,277
Grants						41,002	78,942	119,944	124,265
						1,200		1,200	2,189
						84,410	87,550	171,960	169,752
Other trading activities
Events						9,847	1,145	10,992	115
						9,847	1,145	10,992	115
Investments
Interest Received						(40)		(40)	500
						(40)		(40)	500
Other
Other Income						1,471	15,017	16,488	7,323
						1,471	15,017	16,488	7,323
Total income and endowments						95,688	103,712	199,400	177,690
Expenditure		on:
Costs ofgenerating			donations		and
legacies
Donations		- Individual				7,986	536	8,522	1,373
						7,986	536	8,522	1,373
Total ofexpenditure funds			on	raising		7,986	536	8,522	1,373
Charitable	activities
Charitable		Activities				312	46,289	46,601	43,713
						312	46,289	46,601	43,713
Governance		costs
Accountants Fee									31
									31
Total ofexpenditure activities			on	charitable		312	46,289	46,601	43,744
Other expenditure
In Kind Gifts						1,200		1,200	2,190
						1,200		1,200	2,190
Employee	costs
Salaries/wages						72,835	30,104	102,939	91,155
Employer's		NIC				3,048	233	3,281	2,702

Pension costs		4,567	195	4,762	3,961
Staff recruitment			50	50
Staff training		270	389	659	132
Staffwelfare		216		216	198
		80,936	30,971	111,907	98,148
Motor and travel costs
Travel and subsistence		1,676	537	2,213	3,358
		1,676	537	2,213	3,358
General administrative	costs,
including depreciation	and
amortisation
Depreciation ofland buildings	and	5,200		5,200	5,200
Depreciation of Leasehold
Buildings
Depreciation ofFixtures &
Fittings
Depreciation of		262		262	291
Bank charges		12		12	96
Equipment expensed		515		515
General insurances		1,132		1,132	1,057
Postage and couriers		247	20	267	1,254
Software, ITsupport	and related	1,009		1,009	4,314
costs
Stationery and printing		845	18	863	436
Subscriptions		1,267		1,267	865
Sundry expenses		230	16	246	154
Telephone, fax and broadband		741	486	1,227	300
		11,460	540	12,000	13,967
Legal and professional	costs
Solicitor's fees		93		93	186
Other legal and professional		211		211
costs
		304		304	186
Total ofexpenditure ofother costs		95,576	32,048	127,624	117,849
Total expenditure		103,874	78,873	182,747	162,966
Net gains on investments
Net income		(8,186)	24,839	16,653	14,724
Net income before other gains/(losses)		(8,186)	24,839	16,653	14,724
Other Gains
Net movement in funds		(8,186)	24,839	16,653	14,724

The Childrens' Foundation Limited Detailed Statement ofFinancial Activities
Reconciliation offunds:
Total funds brought forward	314,166	134,271	448,437	433,713
Total funds carried forward	305,980	159,110	465,090	448,437