2023-03-31-accounts - The Childrens Foundation Limited

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Contents
				Page
Legal and Administrative		Information
Report ofthe Trustees
Independent Examiners		Report		20
Statement of Financial		Activities	(incorporating	21
Income and Expenditure	Account)
Balance Sheet				23
Notes tothe Financial	Statements			25

L»gal and	Adminhrtrathre	Adminhrtrathre		information
Charity Name:				The Children's	Foundation	Limited
Registered	Charity Number.			1000013
Registered	Company	Number.		02528291
Registered	Office and			SirJames Spence Institute		of Child Health
Operational	address:			Royal Victoria	Infirmary
				Queen Victoria Road
				Newcastle upon Tyne
				NE1 4LP
Patron
The Children's Foundation			is honoured to have Sir Bradley Creswick as its Patron.

forthe Tear	ended 31March	2023
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2023	2023	202S	2022
		Notes	8	8	8	6
Income and	endowments
from:
Donations	and legacies		132,328	92,670	224,998	171,960
Other trading actMties			11,377	2,575	13,952	10,992
Investments			1,534		1,534	(40)
Other			10,699	12,559	23,258	16,488
			155,938	107,804	263,742	199,400
Expenditure	on:
Raising funds		9	2,913	7,835	10,748	8,522
Charitable activities		10	2,189	63,467	65,656	46,601
Other		11	105,120	51,364	156,484	127,624
Total			110,222	122,666	232,888	182,747
Net gains on	investments
Net income		12	45,716	(14,862)	30,854	16,653
Transfers between funds			8,535	(8,535)
Net income before other
gales/(losses)			54,251	(23,397)	30,854	16,653
Other gains and losses
Net movement Infunds			54,251	(23,397)	30,854	16,653
RecondllaNon	offunds:
Total funds brought forward			305,980	159,110	465,090	448,437
Total funds carried forward			360231	135,713	495,944	465,090

				2022
				8
Income			262,208	199,440
Interest and	investment	income	1,5$4	(40)
Gross Income forthe year			26$,742	199,400
Expenditure			227,452	177,285
0epreclation	and charges	for
impairment	offixed assets		5,4$6	5,462
Total expenditure forthe year			232,888	182,747
Net income	before tax forthe year		$0,854	16,653
Net Income	forthe year		30,854	16,653

	2023	2022
	6	6
Cash llows from operating activities
Net Income per Statement ofFlnandal Activities	30,854	16,653
Adtustments for:
Depredation ofproperty, plant and equipment	5,436	5,462
Dividends, interest and rents from investments	(24,792)	(16,448)
Decrease In stocks		729
Increase in trade and other receivables	(21,8231	(6,367)
Increase in trade and other payables	79,064	4,507
Net cash provided by operating acthdtles	68,739	4,536
Cash fhws from Investing acdvldes
DMdends, interest and rents from investments	24,792	16,448
Net cash from Investing activities	24,792	16,448
Net cash from flnandng activities
Net Increase In cash and cash equivalents	93,531	20,984
Cash and cash equivalents atthe beginning ofthe year	241,965	225,457
Cash and cash equhralents atthe end ofthe year	335,496	246~1
Components ofcash and cash equivalents
Cash and bank balances	333,607	241,965
	333,607	241,965

last year snd no cha	last year snd no cha	last year snd no cha	nges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds	These are available for use stthe discretion ofthe trustees in furtherance					ofthe
			general objects ofthe charity.
Designated	funds		These are unrestricted funds earmarked bythe trustees	for particular		purposes.
Revaluation		funds	These are unrestricted funds which include arevaluation		reserve representing				the
			restatement ofinvestment assets at their market values.
Restricted funds			These are available for use subject to restrktlons imposed		by the donor		or	through
			terms ofan appeal.
Income
Recognition		of	Income is included in the Statement of Financial Activities		(SoFA)when		the	charity
Income			becomes entitled to, and virtually certain to receive, the Income and the amount of
			the income can be measured with sufgcient regability.
Income with		related	Where income has related exPenditure the income and	related expenditure				is
expenditure			reported gross in the SoFA.
Donations and			Voluntary income received by way ofgrants, donations	and gifts is Included				In	the
legades			the SoFAwhen receivable and only when the Charity has		unconditional
			entitlement tothe Income.
Tax reclaims		on	Income from tax reclaims is included in the SoFAatthe same time as the
donations and gifts			ggt/donation to which itrelates.
Donated services			These are only induded in income (with an equivalent amount in expenditure)
and facglties			where the benefit tothe Charity is reasonably quent)gable,		measurable		and
			material.
Volunteer help			The value ofany volunteer help received isnot induded	In the accounts.
Investment	income		This bInduded inthe accounts when receivable.
Gains/(losses)		on	This includes any gain or loss resulting from revaluing Investments to market value
revaluation	offixed		atthe end ofthe year.
assets
Gains/(losses)		on	This Indudes any gain or loss on the sale ofinvestments.
investment	assets

es tothe Acc	ounts
Expenditure
Recognitlon	of	Expenditure is recognised on an accruals basis. Expenditure indudes any VAT which
expenditure		cannot be fully recovered, and Isreported as part ofthe expenditure to which It
		relates.
Expenditure	on	These comprise the costs associated with attracting voluntary	Income, fundralsing
raising funds		trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits activities and
charitable activities		services in the furtherance ofits objects, including the making	ofgrants and
		governance costs.
Grants payable		Ag grant expenditure Isaccounted for on an actual paid basis	plus an accrual for
		grants that have been approved by the trustees atthe end of	the year but not yet
		paid.
Governancecosts		These include those costs associated with meeting the constitutional and statutory
		requirements ofthe Chadty, including any audit/independent	examination fees,
		costs linked to the strategic management ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated toaParticular activity.

3 Statement of hnandal	Actlvides - prior ye	ar
			Unrestricted	Restdcmd
			funds	funds	Total funds
			2022	2022	2022
Income and endowments Donations and legades Other trading activities Investments	from:		84,410 9,847 (40)	87,550 1,145	171,960 10,992 (40)
Other			1,471	15,017	16,488
Total			95,688	20$&712	199,400
Expenditure on:
Raislngfunds Charitable activities			7,986 312	536 46,289	8,522 46,601
Other			95,576	32,048	127,624
Total			103,874	78,873	182,747
Net Income			(8,186)	24,8$9	16,653
Net Income before other			(8,186)	24,839	16,653
galas/(losses)
Other gains and losses:
Net movement In funds			(8,186)	24g39	16,653
Recondllatlon offunds: Total funds brought forward			$14,166	134,271	448/$7
Total funds carried forward			305,980	159,110	465,090
4 Income from donations and legades
		Unrestricted	Restdcted	Total	Total
				2023	2022
		8	g	E	8
Donations - Individual		28,388	1,451	29,839	33,120
Donations - Corporate Grants		16,737 85,703	8,659 82,560	25,396 168,26$	17,696 119,944
In Kind Gifts		1,500		1,500	1,200
		132,328	92,670	224,998	171,960

					Total
Durham County Coundl					3,879
Community Foundation					41,300
PFGibson Trust					7,000
Duke Charity Northumberland					500
Street Games					1,089
RISE NE					10,233
Baglnger Trust					10,000
Garfield Weston Foundation					25,000
Children in Need					500
Barbour Foundation					10,000
LGA Foundation					5,000
The joseph Strong	Frater Trust				1,000
The Greggs Foundation					15,000
Ernest Cook Trust					6,236
Connected Voice					3,510
Groundwork					365
Newcastle Hosphals	Charity				24,834
Tunitin					817
AB David Charity					2,000
					158.2N
Income from other	trading activities
		Un estrlcted	estdcted	Total	Total
				2023	2022
		E		E	E
Events		11,377	2,575	13.952	10,992
		11,377	2,575	13,952	10,992
Income from invastmants
			Unrestricted	Total	Total
				2023	2022
				E	E
Interest Received			1,534	1,534	(40)
			1,534	1,534	{40)
Other income
		Unrestricted	strlcted	Total	Total
				2023	2022
		E	E	8	E
Other Income		10,699	12,559	23,258	16,488
		10,699	12,559	23,258	16,488

9	Expendhure	on raising	on raising	funds	funds
						Unrestdcsed	Restricted	Total	Total
								2023	2022
								E	8
	Costs o/generotinp		voluntort3
	income
	Donations - Individual					2,913	7,835	10,748	8,522
						2,913	7,835	10,748	8,522
10	Expenditure	on charitable			activities
						Unesttdted	Restricted	Total	Total
								2023	2022
								8	8
	Expenditure	on charitable
	acgviges
	Charitable Activities					2,189	63,467	65,656	46,601
	Governance	costs
						2,269	63.462	65,656	46,601
11	Other expenditure
						Unresrkted	Restricted	Total	Total
								2023	2022
									8
	In Kind Gihs					1,500		1,500	1,200
	Employee costs					83,848	43,736	127,584	111,907
	Motor and travel costs					322	2,167	2,489	2.213
	Amorgsation,	depredation,
	impairment,	profit/loss		on		5,436		5836	5,462
	disposal of fixed assets
	General administrative			costs		6,993	3,960	10,953	6,538
	~egal and professional			costs		7,021	1,501	8,522	304
						105,120	51,364	156,484	127,624
12	Net Income	before	transfers
							2023		2022
	This isstated after		charging:				8		E
	Depreciation	ofowned		Rxed assets			5,436		5,462

Staff costs
						202$		2022
Salaries and wages						112,755		102,939
Social security PensIon costs	costs					9,016 5,342		3,281 4,762
						127,113		113,332
No employee	received	emoluments		in excess ofE60,000.
The average monthly		number	offull	time equivalent	employees	during the year was asfollows:
						2023		2022
						Number		Number
						1		1
						5		3
7hhpPMdll			d	~ihei P\h.		6 ihP\~hmP9		6
contributions	payable	bythe	company tothe fund and amounted			to63961(202063163).Contributions
totalling Eng (2020Eng) were			payable tothe fund at		the balance	sheet date and are included	in	creditors.

			Leasehold	Fixtures 5
			gulldings	Fittings	Total
	Costor mvaluatlon
	At 1April 2022 At 31March 2023		260,000 260,000	92,479 92,479	$52,479 352,479
	Depreciation	and
	impairment
	At 1Aprg 2022		31,200	90,122	121,$22
	Depreciation	charge for the
	year		5,200	236	5,436
	At31March	202$	36,400	90,$58	126,758
	Net book values
15	At 31March At31March Debtors	2023 2022	223,600 228,800	2,121 2,357	225,721 231,157
			2023		2022
			E		E
	Trade debtors Other debtors		24,8$4 240		8,7$0
	Prepayments	and accrued income	6,709 31733,		1,230 9,979

Qedltonu
amounts	faglng due within one year
		2028	2022
		E	E
Trade creditors		6,125	3,951
Other taxes and sodal security		2,076	1,321
Other creditors		820	631
Accruals		1,800	3,689
Deferred	income	84,346	8,400
		95,j67	17992.

Movement In funds
		Incoming
		msoulces	Resources		At31
	At1Aprg	(indudlng other	expended		March 2023
	2022	gains/losses)
		E
Restricted funds:
Restricted Income funds:
Therapeutic Horticulture	46,129		(6,584)		39,545
Fuuy Subjects	14,602	660	(21,345)	11,836	5,75S
Green Mentor	20,205	6,236	(16,956)	(600)	8,885
Clown Doctors	18,371	500	(7,035)	(11,836)
MaM Campaign	41,170	57,133	(47,842)	(4,719)	45,742
Holiday Activities	3833		(3,821)	959	471
Couch to 2K	7,203	8,233	(2ANi)		12,590
Clown Doctors Hospice	913		576	(1,489)
Great North Hospital	435			(435)
Roots to Health	3,916	28,344	(9,643)	(2,526)	20,091
Community Allotment	2WS		(2,367)		466
Site Back		2,000	(2,047)	47
Holiday Activities		1,089	(1,317)	228
Story Chair		3,609	(1,439)		2,170
Total	159,110	107&804	(122,666)	(8535)	135,713
Unmstrtcted funds:
General furuh	74,561	155,938	(105,022)	(16,465)	109,012
Designated funds:
leasehold Property	231,419		(5,200)		226,219
Fuuy Subjects				13,000	13,000
Holiday Activities				4,000	4,000
Community Allotment				2,000	2,000
Database				2,000	2,000
Marketing G Consultancy				4,000	4,000
Total	231819		(5200)	25,000	251,219
Total funds	465,090	263,742	(232,888)		495,944

								At 31
						At1April		March
						2022	Cash flows	2023
						6	6	6
	Cash and	cash equivalents				241,965	91,642	333,607
						241,965	91,642	333,607
	Net debt					241,965	91,642	333,607
20	Commlunents
	Operntfng	lease commgments
	Annual commitments		under non~ncegable	operating	leases are as follows:
				2023		2023	2022
				Land	and	Other	Land and
				bugdlngs			buildings
					6		6
	Operating	leases with	expiry date:
	Pensfrm commgments
	The pension cost charge tothe company
	amounted	to:				5,342		4.762
21	Related party dhdosures
	Controlling	fmrtp

forthe year ended	$1IN	arch 202$
			Unrestrlcte	estrhaed
			d funds	funds	Total funds	Total funds
			2028	2028	2023	2022
			E	6	6	6
Inmme and endowments		from;
Donations and legades
Donations - Individual			28,$88	1,451	29,839	33,120
Donations - Corporate			16,7$7	8,659	25396	17,696
Grants			85,703	82,560	168,263	119,944
In Kind Income			1,500		1,500	1,200
			132,328	92,670	224,998	171,960
Other trading activities
Events			11,377	2,575	13,952	10,992
			11,$77	2,575	13,952	10,992
Investments
Interest Received			1,534		1,534	{40)
			1,534		1,534	{40)
Other
Other Income			10,699	12,559	2$,258	26~
			10,699	12,559	2$,258	16,488
Total Income and endowments			155,938	107,804	26$,742	199,400
Expenditure on:
Costs ofgenerating	donations and
legacies
Donations - Individual			2,913	7,835	10,748	8,522
			2,91$	7,835	10,748	8,522
Total ofexpenditure funds	on	raising	2,913	7&835	10,748	8522
Charitable activities
Charitable Actlvtges			2,189	63,467	65,656	46,601
			2,189	63,467	65,656	46,601
Total ofexpenditure acgvities	on	charitable	2,189	6$,467	65,656	46,601
Other expenditure
In Kind Gifts			1,500		1,500	1,200
			1,500		1,500	1,200
Employee costs
Salaries/wages			73,219	39,536	112,755	102,9$9
Employer's NIC			6,$65	2,651	9,016	3,281
Pension costs			3,793	1,549	5,$42	4,762
Staff recruitment			345		345	50
Stafftraining						659
Staffwelfare			126		126	216

Detaged Statement of	Flnandal Acthritles
		83,848	43,736	127+84	111,907
Motor and travel costs
Travel and subsistence		285	2,167	2852	2,213
Fares		37		37
		322	2,167	2,489	2,213
General administrative	costs,
including depredation	and
amortisatlon
Depreciation ofland and buildings		5,200		5,200	5,200
Depreciation ofLeasehold
Buildings
Depreciation ofFixtures gt
Fittings
Depredation of		236		236	262
Bank charges					12
Equipment expensed		883		883	515
General insurances		1,117		1,117	1,132
Postage and couriers		67		67	267
Software, ITsupport and related
cosls					1,009
Stagonery and printing		978	3,089	4,067	&63
Subscrlptlons		2,071	206	2,277	1,267
Sundry expenses		254	445	699	246
Telephone, fax and broadband		1,259	220	1,479	1.227
		12,429	S,960	16,389	12,000
Legal and professional	costs
Accountancy and bookkeeping		5,760		5,760
Consultancy fees		170	1,157	1,327
Sogdtor's fees		627	344	971	93
Other legal and professional coals					211
		7,021	1,501	8,522	304
Total ofexpemgture of	other costs	105,120	51,364	156,484	127,624
Total expenditure		110,222	122,666	232,888	182,747
Net gains on investments
Net Income		45,716	(14,862)	30,854	16,653
Transfers between funds		8,535	(8,535)
Net Income before other
gains/(krssos)		54,251	(23,397)	30,854	16,653
Other Gains
Net movement in funds		54,251	(23,397)	30,854	16,653