## |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|Limited| |---|---|---|---|---|---| |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| |12|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|