## |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| |16|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|