The Children's
FOUNDATION
Making Serious Stuff Fun!
Registered Charity Number 1000013
Trustees Annual Report
for the year ended 31 March 2024
Registered Charity Numbèr 1000013
Registered Company Number 02528291

Contents
Page
Legal and Administrative Information
Report of the Trustees

Legal and Administrative Information
Charity Name:
The Children's Foundation Limited
Registered Charity Number..
1000013
Registered Company Number..
02528291
Registered Office and
Operational address:
Sir James Spence Institute of Child Health
Royal Victoria Infirmary
Queen Victoria Road
Newcastle upon Tyne
NE14LP
Patron
The Children's Foundation is honoured to have Sir Bradley Creswick as its Patron.
Presldent
Professor Sir Al Aynsley-Green
Vl¢• Pre51dent
Ms Lucy Winskell OBE
Trustees and Dlrectors
The Trustees who served during the period are noted below. The Trustees are also the directors of the
charitable company for the purposes of company law.
Dianne Winship- Chair
Dr Sue Vernon - Vice Chair
Dr Sunil Bhopal
Barry Speker OBE DL
John Treherne
Karen Richardson
Alice Wiseman .
Laura McGrath
Jay Wilson
Helen Robinson
CEO of The Children's Foundatlon
Sean Soulsby
Page 1

Independent Examiner
Accounting for Good CIC
Upper Precinct, Wesley Court
2 Geordie, Ridley Place.
Blaydon on Tyne
NE21 SBT
Solicitors
Womble Bond Dickinson (UK) LLP
Helix
The Spark
Draymans Way
Newcastle upon Tyne
NE4 5DE
Banks
National Westminster Bank PLC
16 Northumberland Street
Newcastle upon Tyne
NE17EL
Virgin Money
131-135 Northumberland Street
Newcastle upon Tyne
NE17AG
Page 2

Trustees Annual Report
Introduction
The Children's Foundation is a charity covering the North East of England. We exist to
improve the health and well-being of children and young people from birth to age 18 by
making serious stuff fun.
History
The Children's Foundation is a small, independent child health charity. It was set up in August
1990 in Newcastle upon Tyne in response to a national report on child health that showed
the health of children and young people in the North East was the worst in the country. Its
first major appeal, the "Yellow Brick Road. raised £12 million in 4 years, a magnificent
response by the people of the North East, to build The Sirjames Spence Institute of Child
Health at the RVI in Newcastle upon Tyne. The building was later gifted to the NHS, and the
charity receives office provision, utilities and IT within the building at a peppercorn rent on a
99 year lease. The charity remains fully independent.
The Sirjames Spence Institute has since become a national and international center for research
into childhood diseases and disorders.
Over its 30+ years The Children's Foundation has seen its ambition of having "one of the
finest centres in the world for the care of sick children" take shape in the form of The Great
North Children's Hospital in Newcastle.
Purpose
Our aim is to improve the health and well-being of children and young people from birth to
age 18 in the North East by making serious stuff fun!
We want all North East children and young people to be happy and healthy. We want them to
feel loved, respected, feel they have a voice and are heard. Evidence tells us that positive
experiences early in life are closely associated with better performance at school, better
social and emotional development, improved work outcomes and better lifelong health,
including longer life expectancy. Early intervention is vital to prevent health inequalities.
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The Object of the charlty is:
(1) The promotion, preseniation and improvement of good health and well-being among
children and young people in the North East of England. Including both physical and mentsl
health, by such means as the trustees shall from time to time determine.
Dellvering Public Benefit
The Children's Foundation is an independent child health charity that raises money from
Trusts and Foundations, individuals and the private and public sectors to fund its activities.
All The Children's Foundation's charitable activities are intended to contribute to the
improvement of the health and well-being of children and young people and are undertaken
in pursuance of its charitable objectives for the public benefit. To this end, it aims to reach as
many children and families as possible through its projects.
In the period to 31 St March 2024, The Children's Foundation reached the lives of 1215 babies,
children and young people across the region.
Current Actlvltles
The work of the charity remains focused on the three key child health areas: early years,
children's mental health and children's physical health. We support babies, children, young
people, and their families through a range of projects within hospitals, schools and the
community under these themes providing opportunities that enhance their health and well-
being.
Earty Years:
The Baby Box Project & 'Make a Million, Fundraising Appeal
Mental Health
Roots to Health, (including Therapeutic Horticulture Project Health & Happiness)
Fuzzy Subjects
Story Chair Project
Physical Health
Couch to 2K
Holiday Activities
Community Allotment
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The Childrens
FOUNDATION
Baby
Box&
The Baby Box
Built around S key principles (love & laugh, play, read,
sing & talk and count) we are supporting first time
parents and their babies with a best start in life. At the
moment our boxes focus on those parents identified on
a vulnerable parent pathway, referred by Midwives and
Health Visitors. The box contents reflect the innovative scope of the project. Our Baby Box is
the first to take a development approach to the child. It promotes attachment-based
parenting and bonding and supports maternal well-being.
Making )eriOLts StulF Funl
Positive experiences early in life are closely associated with better social and emotional
development, better performance at school and improved outcomes for the future. Early
intetvention is vital to prevent health inequalities. Key interventions are projects that give
children the best start in life. Our boxes do this. They promote confidence, help to build self -
esteem, and address the anxiety and fear felt by many first-time parents. We support
community-based ante-natal sessions for parents in receipt of boxes and aim to build a
network of new mums/parents who will act as mutual support post-partum.
Since the official Lunch in March 2023 the Baby Box project has expanded significantly, with
boxes going out across Newcastle, Gateshead, North Tyneside and Northumberland. This
expansion is mainly down to significant investment from the Combined Authority as part of
their Child Povety Prevention Programme, delivering under pillar 4 'The Critical 1001 days,.
An independent service evaluation of the Gateshead Pilot has been carried out by The
National Institute for Health Research with the report due in May 2024. The Baby Box was
named and recommended for regional roll out by the North East Child Poverty Commission
in their 'No Time to Wait, report published Feb 2024, an ambitious blue print for tackling
Child Povety in the North East.
A special thanks and mention needs to go to Stiller Distribution and Warehousing, a North
East based family run company who, in kind are storing, packing and distributing all the Baby
Boxes on behalf of The Children's Foundation.
Caring for babies is an importanc but very difficult job, and it takes the whole community to
make a difference. We want to remind new parents and familie5 that they are cared for, and
to promote a Best Start in life for all children born here in the North East.
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Roots to Health (fherapeutlc Hortlculture Projects)
Building on the success of our school based model and using the findings from the
independent evaluation through the NIHR Applied Research Collaboration (ARC) North East
and North Cumbria (NENC) by the University of Cumbria we continue to delivering 'Roots to
Health, from our allotment site in Fawdon. Three groups of young people (referred by
schools) have been supported by our Youth Workers to complete and achieve their level 1
award in Practical Horticulture through weekly sessions at the allotment. The project
supports young people to create a garden as a safe space to develop their ability to mix
socially, make friends and learn new practical skills. We are using our Accredited Centre
status with City and Guilds to directly deliver this project to young people who struggle with
full time classroom-based learning.
Health and Happlness (fherapeutlc Hortlculture)
This project supports those young people who have not (post pandemic), re-engaged fully in
school due to social anxiety and mental health issues. The project was informed/created by
young people and is delivered from our allotment site. Health and Happiness provides
informal youth work and therapeutic support to Social, Emotional and Mental Health (SEMH)
marginalised young people with emotional issues. The project aims to increase well-being,
confidence and support young people with an opportunity to re-engage with education or
progress to the Level 1 in Practical Horticulture (Roots to Health Project). Three groups of
young people were supported to take part in the project, each creating an art journal linked
to their self-reflection and learning, creating a resource for future use and for ongoing
personal growth. Relationships are built in a non-judgmental, nurturing environment where
young people learn from themselves and each other. Activities focus on building self-
awareness, self-esteem and empathy (towards self and others) with ongoing reflection and
cooking around a campfire.
Working in partnership with Life and Limb Puppets, Fuzzy
Subject5 uses giant puppets to engage children aged 9-11 in
primary schools on the subject of mental health and well-
being. It raises awareness of mental health, de-stigmatises the
issue and builds resilience, supporting young people to
develop tools and early interventions to improve their well-
being. The project 15 delivered either as a whole class workshop or as a more targeted 6-
week inteNention with small groups of children, specifically identified and referred by
ubject
Page 6

schools. A key factor in this project is the empowerment of children to be active in improving
their own, and others, well-being and mental health by encouraging active participation in
the sessions. They are designed to get them thinking and talking about their own mental
health and life situation, exploring resilience factors in their lives and thinking about
solutions or alternative actions they could adopt to keep them mentally well. A total of 625
children took part in Fuzzy Subjects over the last year.
Story Chair
You're never too old. wacky or wlld. to plck up a book and rnyd to a ch(Idl - Dr Seuss.
Our story chair project has gone from strength to strength over the last 12 months. Tom, our
expert storyteller has become a regular part of the team at Children's Outpatients in the QE
hospital in Gateshead. Fortnightly sessions engage children and their families in storytelling
and craft activities, reducing the stress and anxiety of hospital visits. Over 50 children have
benefitted from the story chair over the last year. Thanks to funding from a local donor, we
are expanding the project to an additional hospital in the region later this year.
Couch to 2K
Supports young people to gain self-confidence, improve fitness, increase physical activity
and have fun via weekly walking/jogging/running sessions over 6-8 weeks in local
parks/green spaces. Our Youth Workers support referrals via child health professionals for
young people who are 'inactive' or otherwise not engaged in sport or physical activity. This
year the project expanded into Northumberland supporting young people in the Looked
After system. To encourage participation and remove barriers for young people to get
involved, each young person receives an e-voucher to purchase sports clothes and trainers,
and they also receive a basic fit-bit watch.
Hollday Actlvltles
One of the most negative effects to come out of the pandemic was the destructive impact it
had on children's play; the spaces they play in, the degree of freedom they experience and
their ability to choose what they do and how they do it. Our holiday programme is designed
to combat holiday hunger, social isolation and inactivity, and targets children who can be
classed as vulnerable. A programme of activities including surfing, and pop-up sports days in
local parks took children out of their usual environments and gave them the opportunity to
try new experiences, meet new people and have fun.
Community Allotment
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Our allotment provides children and young people with an engaging communal outdoor
space to improve their social and emotional well-being. Young people are encouraged to
work together and think creatively to improve this green space, allowing them to create
lasting and meaningful connections with the natural environment. The weekly drop-in
session has welcomed over 20 individuals. This project operates seasonally between March
and October.
Financlal Performance
Income and Expenditure
Income: Over the reporting period 1 April 2023 to 31 March 2024, The Children's
Foundation raised a total of £41 S,582 compared to the previous period's total of £263,742
st
Expenditure: Operational expenditure totaled £357,222 of which £143896 was on charitable
activities to support a range of projects fulfilling the overall aims of the charity.
Net Movement: Overall there was a surplus of £58,360 in the year.
Comment: Work continues to increase Trust and Foundation applications as well as Statutory
Contracts to support both charity projects and core funding. This is alongside work to build
corporate relationships and community support. The trustees closely monitor the financial
position and reserves. They are in close contact with the CEO and staff team.
Reserves Policy
Board policy remains that unrestricted funds not committed or invested in tangible fixed
assets ('the free resenies,) held by the charity should be up to six months of the central
unrestricted resources expended. On 31st March 2024 the unrestricted reseNes stand at
£393,488 of which £296,463 is designated.
Restricted funds amount to £160,816 as detailed in note 17 to the accounts. These are held
specifically for the current charitable projects {listed on page 15 of accounts).
Page 8

Governance
The Children's Foundation is a charitable company limited by guarantee. The memorandum and
articles of association by which the charity is governed were revised in September 2020. The
Children's Foundation's Board of Trustee's is ultimately responsible for the actions of the charity and
to ensure proper management and operational performance. The Children's Foundation is also
regulated by the Charity Commission's charity law and practice.
Directors
The list of Directors (Trustee's) is given in the Administrative Information on page 3.
Board of Trustee's
The Board of Trustee's meet quarterly and is made up of 10 Trustees (as of 31 St March 2024).
The Board is representative of a wide range of regional and professional interests including
members from local business and health care organisations. The maximum and minimum
number of the Committee members is determined by the Company in general meetings.
There is no maximum number; the minimum number of Committee members is five with a
quorum of 3. The Board is responsible for the development, implementation and
management of the organisation's strategy. Where necessary and appropriate, the Board can
also appoint Executive Committees, Working Groups and Sub-committees to manage
particular project5 and specific activities.
Appointments to the Board are made by the Board Members. Members serve for a four-year
term serving for a maximum of three full terms. Trustees are elected at the Annual General
Meeting and are subject to periodic re-election at the AGM.
Operational Management
The day-to-day operations of The Children's Foundation are managed by a core team
located in its offices at the RVI, Newcastle upon Tyne. Regular reports are submitted at Board
Meetings and there is close liaison between the Board of Trustees, Chief Executive and staff
team.
Pollcles
The charity has established a number of core policies relating to the services it provides. The
Children's Foundation embraces diversity and attaches great importance to equality of
opportunity in the way in which it relates to all its applicants for funding and support, its
employees, project workers, board members, volunteers and all others.
Page 9

DBS Verification
The Children's Foundation ensures that it applies for and adopts Enhanced Disclosure and
Barring Service requirements whenever appropriate, with all staff required to obtain an
Enhanced DBS check as a minimum. This also applies to Trustees. All staff complete a
confidentiality statement upon appointment and child safeguarding training appropriate to
their role.
Political Neutrality
The charity conducts its affairs in a non-political way and does not align itself to any political
paty of policy.
Induction Training and Development
All trustees, staff and volunteers undertake an induction programme which includes the
charitys policies, procedures and current business aims. These policies are regularly reviewed
by the Board of Trustees. The charity encourages board members and staff to take
advantage of conferences, seminars and training on matters related to the charity's business
and relevant legislation.
Risk Management
The charity continues to maintain a strict policy with respect to monitoring of reserves.
Internal risks are minimised by thorough procedures for the authorisation of all transactions
and project funding, with regular assessments by the Finance sub-group and wider Board to
ensure consistent quality of delivery for all operational aspects of the charity. An annual risk
register is completed by the CEO and shared with Trustees.
Insurance
The charity has the following insurance:
Public Liability insurance
Employers, Liability insurance
Trustee indemnity insurance
Group Structure
The Children's Foundation Limited has one subsidiary, -The Children's Foundation Trading
Limited" over which it has deemed control by virtue of having two common directors. This
subsidiary is currently dormant.
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Investment policy
The charity is able to make any investment it sees fit under its Memorandum and Articles of
Association.
Grant Making policy
The Children's Foundation no longer makes grant awards.
Valuation of Benefits in Kind
Where gifts in-kind have a face value such as a voucher, this is used as the valuation basis.
For other donated items, an assessment of the value is made on the basis of the likely
purchase price. In line with FRS 102 Regulations time provided by general volunteers is not
given a value in the accounts however the generosity is greatly appreciated by the charity.
The outstanding contribution made by Stiller Warehousing & Distribution Ltd in the support
of the Baby Box project is recognised. Without them the charity would 'lose' up to 1 in 10 of
the Baby Boxes.
Trustees, Responsibllltles Statement
The Trustees, who are also directors of the Company, are responsible for preparing the
Report of the Trustees and the Financial Statements in accordance with applicable law and
regulations.
Company and charity law requires the Trustees to prepare financial statements for each
financial year. Under that law the Trustees have elected to prepare the financial statements in
accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law). Under company law the Trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company
for that period.
In preparing these financial statements, the Trustees are required to".
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
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The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the charitable company's transactions and disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to
ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
there is no relevant information of which the charitable CoMpan￿S independent
examiner is unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant information and to establish that the independent examiner is
aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Acknowledgments of Support
Trusts. Foundatlons and Funders
The Children's Foundation would like to make special mention of thanks to the trusts and
foundations who have given significant support throughout the year:
Ringtons Fund - The Community Foundation
Wellesley Trust- The Community Foundation
Greatham Hospital of God
Do-Terra Healing Hands Foundation
Newcastle Building Society- The Community Foundation
Ernest Cook Trust
StreetGames UK
Community Foundation Tyne Wear and Northumberland
Postcode Neighbourhood Trust
Groundwork UK- Tesco Blue Token Scheme
Yorkshire Building Society
Page 12

Greggs Foundation
Muckle LLP - The Community Foundation
Frazer Trust
Newcastle Hospitals Charity
Newcastle City Council - Youth Fund
North of Tyne Combined Authority
Gateshead Council
ICB - Core 20 Plus Fund
South Tyneside Council
Tynedale Lions
Fundraising
The charity continues to raise funds to support its projects via individual giving, events,
corporate support and trust and foundation grants.
Related parties
None of the trustees receive remuneration or other benefit from the work with the charity.
Upon joining the Board trustees are asked to disclose any declarations of interest, this
declaration of interest opportunity is also replicated and recorded within the minutes of
individual board meetings.
Independent Examlners
The Children's Foundation would like to take this opportunity to thank the independent
examiners, Accounting for Good CIC for their help in preparing and independently examining
the accounts.
Trustees
The Children's Foundation would like to thank all board members, who give up their time on
a voluntary basis for the benefit of the charity, for their support, guidance and commitment
throughout the year.
Staff
The Children's Foundation would like to thank all members of staff for their support and hard
work. In addition, it has had great support from Jason Chan who joined the team as student
placement from Sunderland University.
Page 13

Volunteers
The Children's Foundation would like to thank all volunteers who give up their time
supporting all aspects of the charity.
Events
The Children's Foundation was involved in a number of successful fundraising events during
the year which raised vital income for the charity. These included;
The Starfish Children's Concert £6,850.13 before the addition of any Gift Aid. Note this
contains a significant anonymous donation. We continue to be indebted to the Aspray
family, their friends and supporters whose encouragement has turned this into an anticipated
event in our calendar.
The Great North Run. We had 27 runners in total with 4 of these supporting us from an 'own
place, position. GNR 2023 raised £10,023.44, including Gift Aid
The Challenge Take £25 Event, The charity would like to express a huge thanks to Sunderland
University for allowing us to continue to incorporate the Challenge Take £25 into the
students, first year degree modules and for a great deal of hard work on their behalf to
ensure the Challenge was a success. Lead Tutor, Iraa Wimpenny's support and guidance to
the teams was invaluable. Thanks especially to Enterprise Rentals for their ongoing
commitment to the sponsorship of this event.
26 teams raised an incredible £11.448.18 Includlng Gift Ald
The winnlng t•am delivered an unbeatable £1,669.75
The festive fundraising period was a great success again with the charity raising funds
through school choirs and carol singing and the Christmas Wrap Stand took place at Eldon
Square. We were delighted to be asked to return and alongside wrapping and were the
active participants and recipients of the Elf Workshops being delivered by the Centre. We are
grateful for their support and that of volunteers in delivering these events in challenging
financial times. We owe huge thanks to Michaela Higson who volunteered and took on
th
Santa's Letters and was pivotal in the Elf Workshops. Across the days, from 14 to the 24
December we raised £5.207.69
th
Page 14

The corporate bowling team building event took place in March with 5 teams tsking part.
We raised £691 from the event with three of the teams entering via a match fund which adds
£495 to the real total although this has been recognised in the do-Terra Healing Hands
Match Fund Challenge. Thanks to NAMCO for their ongoing support in hosting the event
and contributing prizes and their management support.
Communlty
The Children's Foundation would like to thank everyone in the community who worked in
lots of ways to raise money for the charity over the past year. A special thank you goes to a
number of individuals who have helped the us raise funds by organising community events,
sharing our work within their networks and completing personal challenges. In particular we
would like to thank Norman Bloomfield for continuing to be the best Community
Ambassador a charity could hope for spreading awareness and working incredibly hard to
raise funds in his community. Joanne Pybus and Kath Wilson from Area 1A the British Show
Pony Society, who have supported the charity for over 30 years. The Show raised an
incredible £2,250 in this year, which included match funding from Barclays. Newcastle School
for Boys, whose competitions and bake-offs have been in support of the charity. Karen Colley
Kingston Park Tesco, Ashleigh Longstaff - Asda Byker, Micheala Higson whose ability to
gain support from her local supermarkets never ceases to amaze, St Bartholomew's Church,
Newbiggin by the Sea, The Oddfellows Brass Band Concert,. Bach Choir, other school choirs,
the Swing Bridge Singers and Bradley Creswick MBE, our Patron who is the musical supremo
and thread underpinning our commitment to music in the lives of children.
Corporate Fundralsing
The Children's Foundation is very grateful to the Northeast business community, who are
extremely supportive of the charity's projects and events. The charity would like to thank
Technip FMC PLC and Turnitin who chose to support The Children's Foundation as their
Charity of the Year.
Companies who have supported The Children's Foundation through staff fundraising, by
supporting events or with other donations this year are:
Gifft
Worldpay
Mandata
A&PTyne
Kavli: (Primula Cheese)
Page 15

Egger UK (Hexham): £470 via Richard MacFarlane who raised 5 euros per mile he ran in the
year
Asda Byker
Tesco Kingston Park
Enterprise Rentals
Purma
Proctor & Gamble
Stiller
First and Last Brewery
The Book Detective
Newcastle Building Society
Ongoing thanks goes to Glen Wheeler of Stack up Digital who continues to support the
updates and maintenance of The Children's Foundation's website in-kind and we are grateful
to Kay Wightman at Accounting for Good for her support with the charity's Independent
Examination.
The Children's Foundation is very much an independent charity that recognises that it could
not exist without the enormous support it receives from a wide range of people and
organisations. The Board of Trustees is very grateful to everyone who has supported the
charity in the past year, be they a committed corporate supporter, a volunteer, or an
individual who has given a donation.
This report has been prepared in accordance with the special provisions for small companies
under Part 15 of the Companies Act 2006.
Approved by the Board and signed on its behalf:
Dlanne Wlnshlp: ...
Chair
Page 16

The Chlldrens, Foundatlon Llmlted
Charlty No. 1000013
Company No. 02528291
Trustees, Report and Unaudlted Accounts
31 March 2024

The Childrens. Foundation Limlted
Contents
Pages
Charity Information
Independent Examiner's Report
Statement of Flnanclal Actlvltles
Summary Income and Expendlture Account
Balance Sheet
Statement of Cash flows
Notes to the Accounts
8t017
Detailed Statement of Flnanclal ActlvStles
18to20
Page I

The Childrens, Foundation Limited
The trustees. who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charlty for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Company No. 02528291
Char5ty No. 1000013
Reglstered Office
Slr James Spence Institute
RVI
Queen Vlrtoria Road
Newcastle
NEI 4LP
Dlrectors and Trustees
The Dlrectors of the charltable company are Sts Trustees for the purposes of charlty law.
The followlng Dlrectors and Trustees served durlng the year:
S. Bhopal
L. McGrath
K. Rlchardson
H. Robinson
B.N. Speker
J. Treherne
S. Vernon
J. Wilson
D. Wlnship
A.K. Wlseman
Accountsnts
Accounting for Good CIC
2 Geordle Rldley Place Upper
Preclnct Wesley Court
Blaydon on Tyne
Tyne and Wear
NE215BT
Page 2

The Childrens, Foundation Limited
Independent Examlners Report
Independent Examlner's Report to the trustees of The Chlldrens, Foundatlon Llmlted
I report to the charlty trustees on my examlnatlon of the financlal statements of The Chlldrens, Foundatlon
Llmlted for the year ended 31 March 2024.
Responslbllltles and bas15 of report
As the charity's trustees of the company (and also 5ts dlrectors for the purposes of company law) you are
responslble for the preparatlon of the flnanclal statements In accordance wlth the requlrements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charlty are not requlred to be audited under Part
16 of the 2006 Act and are eligible for independent examlnatlon, I report In respect of my examlnatSon of
your charlty's flnancial statements as carried out under sectlon 145 of the Charities Act 2011 {'the 2011 Act'}.
In carrylng out my examlnatlon I have followed the Dlrectlons 8Sven by the Charlty CommlssSon under sectlon
145(51 (bl of the 2011 Act.
Independent examlner's statement
As the charity's gross Income exceeded £250,000 your examSner must be a member of a body Ilsted In
section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l am a
member of FFA FTA, whlch Is one of the listed bodies.
I have completed my examlnatlon. I can conflrm that no materlal matters have come to my attentlon In
connectlon wlth the examlnatlon 8lvlng me cause to belleve:
• accountlng records were not kept In accordance wlth sectlon 386 of the 2006 Act . or
• the financSal statements do not accord wlth those records; or
the financSal statements do not comply with the accountlng requlrements under sectlon 396 of the 2006
Act other than any requlrement that the flnancial statements glve a 'true and falr, vlew whlch Is not a
matter consldered a5 part of an Independent examlnatlon. or
• the flnanclal statements have not been prepared In accordance wlth the methods and prlnclples of the
Statement of Recommended Practlce for accountlng and reporting by charities appllcable to charltles
preparin8 their accounts in accordance with the Financlal Reportln8 Stsndard appllcable In the UK and
Republlc of Ireland IFRS 102).
I have no concerns and have come across no other matters Sn connectlon wlth the examlnatlon to whlch
attentlon should be drawn in thls report in order to enable a proper understandlng of the flnanclal
statements to be reached,
Kay Wightman FFA FTA
Accounting for Good CIC
2 Geordle Ridley Place
Upper Precinrt Wesley Court
Blaydon on Tyne
Tyne and Wear
NE215BT
12 December 2024
Page 3

The Chlldrens, Foundatlon Llmited
ststement of Flnanclal Activities
forthe year ended 31 March 2024
Unrestrlcted
funds
2024
Restrlcted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Investments
Other
87,410
67,542
9,128
1,832
11,112
237,334
98,522
304,876
9,128
3,056
69,187
176,663
1,534
16,358
1,224
Total
165,912
249,670
415,582
263,742
Expendlture on:
Raising funds
Charitable actlvitles
Other
16,885
17,510
113,051
16,885
143,896
196,441
10,748
65,656
156,484
126,386
83,390
io
Total
147,446
209,776
357,222
232,888
Net galns on Investments
Net Income
11
18,466
39,894
(14,790)
58,360
30,854
Transfers between funds
14,790
Net Income before other
8alnslllosses)
33,2S6
25,104
58,360
30,854
Other galns and losses
Net movement In funds
33,256
25,104
58,360
30,854
Recondllatlon of funds:
Total funds brought forward
360,232
135,712
495,944
465,090
Total funds carrled forward
393,488
160,816
554,304
495,944
Page 4

The Childrens, Foundatlon Limited
Summary Income and Expendlture Account
for the year ended 31 March 2024
2024
2023
Income
406,454
262,208
Interest and investment income
9,128
1,534
Gr05s Income for the year
Expenditure
415,582
263,742
351,810
227.452
Depreclation and charges for
impalrment of fixed assets
5,412
5,436
Total expendlture for the year
Net income before tax for the year
357,222
232,888
58,360
30,854
Net Income for the year
58,360
30,854
Page 5

The Childrens, Foundatlon Limlted
Balance Sheet
at 31 March 2024
Company No.
02528291
Notes
2024
2023
Flxed assets
Tangible assets
13
220,309
220,309
225,721
225,721
Current assets
Stocks
Oebtors
Cash at bank and In hand
14
151,862
31,991
292,135
475,988
(141,993)
333,995
554,304
15
31,783
333,607
365,390
{95,167)
270,223
495,944
Credltors: Amount falllng due within one year
Net current assets
16
Total assets less current Ilabllltles
Net a$5ets ex¢ludln8 penslon asset or Ilablllty
554,304
495,944
Total net assets
554,304
495,944
The funds of the charlty
Re5trlcted funds
Restricted income funds
17
160,816
160,816
135,712
135,712
Unrestrlrted funds
General funds
Desi8nated funds
17
97,025
296,463
109,013
251,219
393,488
360,232
Reserves
17
Total funds
554,304
495,944
These accounts have been prepared In accordance with the speclal provlslons of Part 15 of the Companles
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entltled to exemption under section 477 of the
Companies Act 2006 relatlng to small companles.
The members have not required the company to obtain an audlt In accordance wlth sectlon 476 of the
Companles Act 2006,
The directors acknowledge their responsiblllties for complylng wlth the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 June 2024
And slgned on Its behalf by:
Trustee
12 December 2024
Page 6

The Childrens. Foundatlon LlmSted
ststement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flows from operatlng actlvltles
Net income per Statement of Flnanclal Actlvltles
58,360
30,854
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from Investments
Increase In stocks
Increase In trade and other recelvables
Increase In trade and other payables
5,412
(12,184)
(151,862)
(208)
46.225
5,436
(24,7921
(21,823)
79,064
Net cash {used In)/provlded by operatlng artlvltles
(54,2571
68,739
Cash flows from Investln8 artlvltles
Dividends, interest and rents from investments
12,184
24,792
Net cash from Investln8 artlvltles
12,184
24,792
Net cash from flnanclns artlvltles
Net (decrease)hncrease In cash and cash equlvalents
(42,0731
93,531
Cash and cash equlvalents at the beglnnln8 of the year
333,607
241.965
Cash and cash equlvalents at the end of the year
291,534
335,496
Component5 of cash and cash equlvalents
Cash and bank balances
292,135
333,607
292,135
333,607
Page 7

The Childrens, Foundatlon Llmlted
Notes to the Account5
for the year ended 31 March 2024
l Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectlve I
January 2015) - (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Chan8e In basls of accountlng or to prevlous accounts
There has been no change to the accounting policies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestrlcted funds These are available for use at the discretlon of the trustees In furtherance of the
general objetts of the charitv.
These are unrestrlcted funds earmarked by the trustees for particular purposes.
These are unrestricted funds whlch include a revaluation reserve representln8 the
restatement of investment assets at thelr market values.
These are avallable for use subject to restrlctlons imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restrlcted funds
Income
Recognitlon of
Income
Income is Included in the Statement of Financlal Activities {SoFA) when the charity
becomes entitled to, and vlrtually certain to recelve, the income and the amount of
the Income can be measured with sufflclent rellability.
Income wlth related Where Income has related expendlture the Income and related expendlture Is
expendlture
reported gross In the SOFA.
Donatlons and
legacles
Voluntary Income recelved by way of grants, donatlons and gift$15 5ncluded In the
the SOFA when recelvable and only when the CharSty has uncondltlonal
entltlement to the income.
Tax reclalms on
Income from tax reclaims Is Included in the SOFA at the same tlme as the
donatlons and gifts glft/donatlon to whlch It relates.
Donated services
These are only Included in income (wlth an equivalent amount In expendSture)
and facilitles
where the benefit to the Charlty is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income Thls Is Included in the accounts when recelvable.
Gainsl(losses) on
Thls Include5 any gain or loss resultlng from revalulng investments to rnarket value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on
Investment assets
This includes any galn or loss on the sale of investments.
Page 8

The Chlldrens, Foundation Limlted
Notss to the Attounts
Expendlture
Recognltlon of
expendlture
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attractin8 voluntary Income, fundralsing
ralsing funds
trading costs and investment management costs.
Expenditure on
These comprise the costs Incurred by the Charlty In the dellvery of its activities and
charitable activities services in the furtherance of its objects, including the maklnE of grants and
governance costs.
All grant expenditure Is accounted for on an actual pald basls plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meetlng the constitutional and statutory
requirements of the Charity, including any auditlindependent examination fees,
costs Ilnked to the strateglc mana8ement of the Charltyi tO8ether wlth a share of
other administratlon costs.
Other expendlture These are support costs not allocated to a partlcular actlvlty.
Grants payable
Governance costs
Taxatlon
The charlty Is exempt from corporatlon tax on Its charltable actlvltles.
Tanglble flxed assets and depreclatlon
Depreclation Ss provided at the followln8 annual rates In order to wrlte off each asset over Its estimated
useful Ilfe:
Leasehold Bulldlngs
Flxtures & Flttlngs
% stral8ht Ilne over SO years
IO% reduclng balance
Freehold Investment property
Investment properties are measured Inltlally at cost and subsequently at falr value at each balance sheet
date and are not depreclated. All galns or losses are taken to the Statement of Financlal Activlties as they
arlse.
Stocks
Stock is included at the lower of Cost or net realisable value. Donated items of stock are recognised at fair
value which Is the amount the charity would have been wllllng to pay for the Items on the open market.
Trade and other debtors
Trade and other debtors are recognlsed at the settlement amount due after any trade dSscount offered.
Prepayments are valued at the amount prepald net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term hlghly Ilquld investments Wlth original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current Ilabllltles.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integra5 part of the company's cash management.
Page 9

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
Trade and other credltors
Short term credltors are measured at the transaction price, Other creditors and provisions are recognlsed
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it Is Incurred.
Forelgn currencles
Monetary assets and liabilitSes denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting perlod.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange dlfferences are are taken into account in arrivlng at net Income/expendlture.
Leased assets
Where the charlty enters Into a lease which entails takln8 substantlally all the rlsks and rewards of
ownershlp of an asset, the lease is treated as a flnance lease.
Leases whlch do not transfer substantially all the rlsks and rewards of ownership to charlty are classlfled
as operatlng leases.
Assets held under flnance leases are Snltlally recognlsed as assets of the charlty at thelr falr value at the
Inceptlon of the lease or, if lower, at the present value of the mlnlmum lease payments. The
corresponding liability to the lessor Ss included in the balance sheet date as a flnance lease obll8ation.
Lease payments are apportloned between finance expenses and reduction of the lease obllgation so as to
achleve a constant rate of Interest on the remalnlng balance of the1Sablllty. Flnance expenses are
recognlsed Immedlately, unless they are dlre¢tly attributable to quallfylng assets, In which case they are
capltallsed In accordance wlth the charSty'S policy on borrowln8 Costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-llne basls over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
reco8nlsed as a liability. The aggregate benefit of incentlves Is recognised as a reductlon of rental
expense on a stral8ht-1Sne basis.
Penslon costs
The charity operates a deflned contrlbution plan for Its employees. A defined contrlbutlon plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been pald the company has no further payments obll8atlons. The contrlbutions are
recognlsed as expenses when they fall due. Amounts not pald are shown in accruals In the balance sheet.
The assets of the plan are held separately from the company in independently admlnlstered funds.
Receipt of donated goods, facllltles and servlces
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charlty.
Page 10

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Flnanclal Artlvltles - prlor year
Unrestrlrted
funds
2023
Restr5cted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacle5
Other tradlng actlvitles
Investments
Other
132,328
11,377
1,534
10,699
92,670
2,575
224,998
13,952
1,534
23,258
12,559
Total
155,938
107,804
263,742
Expendlture on:
Raising funds
Charltable actlvltles
2,913
2,189
105,120
7,835
63,467
51,364
10,748
65,656
156,484
Other
Totsl
110,222
122,666
232,888
Net Income
45,716
114,862)
18,535)
30,854
Transfers between funds
8,535
Net In¢ome before other
galns/(losses)
Other galns and10sses:
Net movement In funds
54,251
(23,397)
30,854
54,251
{23,397)
30,854
Recondllatlon of funds:
Total funds brought forward
Total funds ¢arrled forward
305,980
159,110
465,090
360,231
135,713
495,944
4 Income from donatlons and legacles
Unrestrlrted
Restrlcted
Total
2024
Total
2023
Donatlons - Indlvldual
36,744
23,379
27,287
87,410
6,027
5,085
42,771
28,464
27,287
98,522
29,839
25,396
13,952
69,187
Donations - Corporate
Events & Sponsorshlp
11,112
Page 11

The Childrens, Foundatlon Llmlted
Notes to the Accounts
5 Income from charlt3ble artFvltle5
Unrestrlcted
Restrlrted
Total
Total
2023
2024
Charitable Activities
51,617
185,717
51,617
185,717
67,542
304,876
67,995
8,400
100,268
176,663
Baby Box
Core Costs
67,542
67,542
237,334
6 Income from Investments
Unrestrlcted
Total
Totsi
2024
2023
Interest Received
9,128
9,128
9,128
9,128
1,534
1,534
7 Other Income
Unrestrlrted
Restrfrted
Total
2024
Total
2023
Other Income
In K5nd Glfts
32
1.800
1,832
1,224
1,256
1,800
3,056
14,858
1,500
16,358
1,224
8 Expendlture on ralsln8 funds
Unrestrfcted
Total
2024
Total
2023
Costs of generotlng voluntory
income
Donatlons - Individual
16,885
16,885
16,88S
16,885
10,748
10,748
9 Expendlture on ¢harltable actlvltle5
Unrestrlcted
Restrlrted
Total
Total
2024
2023
Expenditure on charitoble
activitles
Charitable Activities
15,801
31,993
94,291
102
47,794
94,291
1,811
34,387
28,775
2,494
Baby Box
Core Costs
1,709
Governonce costs
17,510
126,386
143,896
65,656
Pa8e 12

The Childrens, Foundatlon Llmlted
Notes to the Accounts
10 Other expendlture
Unrestrlcted
Restrlcted
Total
Total
2023
2024
In Kind Gifts
1.800
1,800
1,500
Employee costs
Motor and travel costs
Amortlsatlon, depreclatlon,
Impairment, proflt/loss on
disposal of fixed assets
General adminlstratlve costs
82,542
933
80,551
1,525
163,093
2,458
127,584
2,489
5,412
5,412
5,436
6,979
15,385
113.051
1,314
8,293
15,385
196,441
10,953
8,522
156,484
Legal and professional costs
83,390
11 Net Income before transfers
2024
2023
This Is stated after charging:
DepreciatSon of owned fixed assets
12 Staff costs
5,412
5,436
2024
149,130
7,205
6,713
163,048
2023
112,755
9,016
5,342
127,113
Salarles and wages
SocSal securlty Costs
Penslon costs
No employee recelved ernoluments in excess of £60,000,
The average monthly number of full tlme equlvalent employees durlng the year was as follows:
2024
Number
2023
Number
Management
Project Oellvery
Fundraising
10
The company operates a defined contrlbutlons penslon scheme. The penslon cost charge represents
contrlbutlons payable by the company to the fund and amounted to £396112020 £3163). Contributlons
totallln8 £nll (2020 £nll} were payable to the fund at the balance sheet date and are included in credltors.
Page 13

The Childrens, Foundatlon Llmlted
Notes to the Accounts
13 Tanglble fixed assets
Lèasehold
Bulldlngs
Flxtures &
Flttlngs
Total
Cost or revaluatlon
At l April 2023
At 31 March 2024
Depreclatlon and
Impalrment
At l April 2023
Depreclatlon charge for the
year
At 31 March 2024
260,000
260,000
92,479
92,479
352,479
352,479
36,400
90,358
126,758
5,200
212
5,412
41,600
90,570
132,170
Net book values
At 31 March 2024
At 31 March 2023
14 Stocks
218,400
223,600
1,909
2,121
220,309
225,721
2024
2023
Work 5n progress
ISl,862
151,862
Carrylng v?lue analysed by artlvltles
2024
2023
Baby Box
151,862
151,862
15 Debtor5
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
30,449
336
1,206
31,991
24,834
240
6,709
31,783
16 Credltors:
amounts fallin8 due wlthln one year
2024
2023
Trade creditors
Other taxes and soclal securlty
Other credltors
Accruals
Deferred income
45,800
3,459
1,202
2,401
89,131
141,993
6,125
2,076
820
1,800
84,346
95,167
Page 14

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
17 Movement In funds
Incomlng
resource5
At31
March
2024
Ilndudlng
At l Aprll
other
2023 8alns/losse5)
Resources
expended
Gross
transfers
Restrlcted funds:
Restrlrted income funds:
Therapeutlc Hortlculture
Fuzzy SubJects
Green Mentor
Roots to Health
Baby Box
Hollday Actlvlties
Couch to 2K
Community Allotment
Story Chalr
Total
39,545
5,753
8,885
20,090
45,742
471
12,590
466
2,170
135,712
19,788)
(10,9891
(9,1961
(35,8381
1127,125)
(5,974)
15,751)
13,178)
11,937)
(209,776)
(29,757)
{901)
{281)
30,038
(13.410)
6.137
592
26.267
200,562
5,503
800
4,309
5,500
249,670
40,557
105,769
7,639
1,118
5,733
160.816
(479}
(14.790)
Unrestrlrted fund5:
General funds
109,013
165,912
(122,445}
155,455)
97,025
Desl8nated funds:
Leasehold Buildlngs
Fuzzy Subjects
Mollday Actlvltles
Communty Allotment
FundraSsin8 Database
Marketlng & Website
Couch to 2K
Roots to Health
226,219
13,0(K)
(5,2001
(13,089)
(2,712)
221,019
5.850
5,939
(1,288)
1,722
3,100
5,500
4,816
50,456
2,0(K)
2,000
4,000
3,722
5,100
5,500
4,816
50,456
(4,000)
Total
251,219
(25,001)
70,245
296,463
Total funds
495,944
415,582
(357,222)
554,304
Purposes and restrlctlons In relatlon to the funds:
Restricted funds:
Therapeutlc Horticulture
Providing SUPPOrt and tultion to dlsadvanta8ed young people In education
to enable them to seek quallficatlons and pursue a career in hortlculture
or attend further educatlon
Uslng puppets to Smprove the emotlonal and mental health of chlldren
and young people In the region
Providin8 mentoring and advice to young people, supporting the design
and delivery of impactful community environmental projects
Provlding mentoring and advice to young people, supporting the design
and delivery of Impactful communlty environmental projects
Fuzzy Subjects
Green Mentor
Roots to Health
Page 15

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
Baby Box
Holiday Activities
Providing baby boxes to famllles in need
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.
Community Allotment
Designated funds:
Leasehold Buildings
Children's community garden drop in horticulture activities
The leasehold buildings shown in the accounts relate to a valuation carried
out by Knight Frank In 2017 wlth re8ard to a valuation report of the
ground floor and basement offices used by The Childrens, Foundation of
The Sir James Spence Institute of Child Health at the Royal Vlctoria
Infirmary in Newcastle. The property has a long-term lease which expires
in 2105 and no rent is payable on this lease therefore the asset is shown as
a designated fund for accountlng purposes and is depreciated over the life
of the lease. This amount represents the market value of the leasehold
interest in the property In Its condition per the 2017 report wlth vacant
possession.
Uslng puppets to Improve the emotional and mental health of children
and young people in the regSon
To ensure the work can contlnue to year end
UsSng green spaces to Improve the physical & emotional health of children
and young people in the region
For fundraising purposes
Webslte upgrade & vldeo
To ensure the work can contlnue to year end
To ensure the work can contlnue to year end
Fuzzy Subjects
Hollday Actlvltles
Communty Allotment
Fundralsing Database
Marketlng & Webslte
Couch to 2K
Roots to Health
18 Analysls of net assets between funds
Unrestrlcted
funds
Restrlcted
funds
Total
Fixed assets
Net current assets
220,309
392,341
612,650
220,309
333,995
554,304
(58,3461
(58,3461
19 Reconclllatlon of net debt
At31
At l Aprll
2023
March
2024
C85h flows
Cash and cash equlvalents
333,607
333,607
141,472)
141,472)
292,135
292,135
Net debt
333,607
{41,472}
292,135
Pa8e 16

The Chlldrens, Foundatlon Limlted
Notes to the Accounts
20 Commltments
Operntlng lease commltments
Annual commitments under non-cancellable operating leases are as follows:
2024
Land and
bulldln8S
2024
2023
Land and
bulldlngs
2023
Other
Other
Operating leases with expiry date:
Penslon commltments
2024
2023
The penslon cost charge to the companv
amounted to:
6,713
5,342
21 Related party dlsclosures
Controlllng porty
The company Is Ilmlted by guarantee and has no share capital,. thus no slngle party controls the company.
Page 17

The Childrens, Foundatlon Llmlted
Detslled Statement of Flnanclal Activities
for the year ended 31 March 2024
Unrestrlcte
d funds
2024
Restrlcted
funds Total funds Total funds
2024
2024
2023
Income and endowments from:
Donations and legacies
Donatlons - Individual
Donations - Corporate
Events & Sponsorshlp
36,744
23,379
27,287
87,410
6,027
5,085
42,771
28,464
27,287
98,522
29,839
25,396
13,952
69,187
11,112
Charitable activities
Charitable Activities
Baby Box
Core Costs
51,617
185,717
51,617
185,717
67,542
304,876
67,995
8,400
100,268
176,663
67,542
67,542
237,334
Investments
Interest Received
9,128
9,128
9,128
9,128
1,534
1,534
Other
Other Income
In Kind Gifts
32
1,224
1,256
1,800
3,056
14,858
1,500
16,358
1,800
1,832
1,224
Total Income and endowments
165,912
249,670
415,582
263,742
Expendlture on:
Costs of 8eneratSng donatlons and
legacies
Donatlons - Individual
16,885
16,885
16,885
16,885
10.748
10,748
Total of expendlture on ralsln8
funds
16,885
16,885
10,748
Charltable actlvlties
Charitable Activities
Baby Box
Core Costs
15,801
31.993
94,291
102
47,794
94,291
1,811
143,896
34,387
28,775
2,494
65,656
1,709
17,510
126,386
Total of expendlture on charltable
actlvlties
17,510
126,386
143,896
65,656
Other expenditure
In Kind Gifts
1,800
1,800
1,800
1,8(M)
1,500
1,500
Employee costs
Salarieslwages
Employer's NIC
75,652
3,676
73,478
3,529
149,130
7,205
112,755
9,016
Page 18

The Chlldrens, Foundatlon Llmlted
Detalled Statement of Flnanclal Actlvltles
Penslon costs
Staff recrultment
Staff training
Staff welfare
3,169
35
3,544
6,713
35
io
5,342
345
io
126
127,584
82,542
80,551
163,093
Motor and travel costs
Travel and subsistence
Fares
908
1,525
2,433
25
2,452
37
2,489
25
933
1,525
2,458
Gener31 administrative costs,
Includlng depreclation and
amortisation
Depreclation of land and
buildings
Depreciatlon of Leasehold
Bulldln8S
Depreclatlon of Fixtures &
Flttin8S
Depreclatlon of
Bank char8es
Equlpment expensed
General insurances
Postage and couriers
Software, IT support and related
costs
Statlonery and prlnting
Subscrlptlons
Sundry expenses
Telephone, fax and broadband
5,200
5,200
5,200
212
90
494
1,342
341
212
90
236
494
1,342
501
883
1,117
67
160
335
103
438
364
202
686
1,611
1,546
1,585
13,705
4.067
2,277
699
1,603
1,228
1,062
12,391
318
523
1,314
1,479
16,389
Legal and professlonal costs
Accountancy and bookkeepln8
Consultancy fees
Sollcltor's fees
Other legal and professlonal
costs
6,480
1,750
26
6,480
1.750
26
5,760
1,327
971
7,129
7,129
464
15,385
15,385
8,522
Total of expendlture of other costs
Total expendlture
Net galns on Investments
113,051
83,390
196,441
156,484
232,888
147.446
209,776
357,222
Net Income
18,466
39,894
58,360
30,854
Transfers between funds
14,790
(14,790}
Net Income before other
gainslllossesl
33,256
25.104
58,360
30,854
Page 19

The Chlldrens, Foundation Limlted
Detalled Statement of Flnancial Actlvltles
Other Gains
Net movement In funds
33,256
25,104
58,360
30,854
Recondllatlon of funds:
Total funds brought forward
360,232
135,712
495,944
465,090
Total funds carrled forward
393,488
160,816
554,304
495,944
Page 20

The Chlldrens, Foundatlon Llmlted
Charlty No. 1000013
Company No. 02528291
Trustees, Report and Unaudlted Accounts
31 March 2024

The Childrens. Foundation Limlted
Contents
Pages
Charity Information
Independent Examiner's Report
Statement of Flnanclal Actlvltles
Summary Income and Expendlture Account
Balance Sheet
Statement of Cash flows
Notes to the Accounts
8t017
Detailed Statement of Flnanclal ActlvStles
18to20
Page I

The Childrens, Foundation Limited
The trustees. who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charlty for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Company No. 02528291
Char5ty No. 1000013
Reglstered Office
Slr James Spence Institute
RVI
Queen Vlrtoria Road
Newcastle
NEI 4LP
Dlrectors and Trustees
The Dlrectors of the charltable company are Sts Trustees for the purposes of charlty law.
The followlng Dlrectors and Trustees served durlng the year:
S. Bhopal
L. McGrath
K. Rlchardson
H. Robinson
B.N. Speker
J. Treherne
S. Vernon
J. Wilson
D. Wlnship
A.K. Wlseman
Accountsnts
Accounting for Good CIC
2 Geordle Rldley Place Upper
Preclnct Wesley Court
Blaydon on Tyne
Tyne and Wear
NE215BT
Page 2

The Childrens, Foundation Limited
Independent Examlners Report
Independent Examlner's Report to the trustees of The Chlldrens, Foundatlon Llmlted
I report to the charlty trustees on my examlnatlon of the financlal statements of The Chlldrens, Foundatlon
Llmlted for the year ended 31 March 2024.
Responslbllltles and bas15 of report
As the charity's trustees of the company (and also 5ts dlrectors for the purposes of company law) you are
responslble for the preparatlon of the flnanclal statements In accordance wlth the requlrements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charlty are not requlred to be audited under Part
16 of the 2006 Act and are eligible for independent examlnatlon, I report In respect of my examlnatSon of
your charlty's flnancial statements as carried out under sectlon 145 of the Charities Act 2011 {'the 2011 Act'}.
In carrylng out my examlnatlon I have followed the Dlrectlons 8Sven by the Charlty CommlssSon under sectlon
145(51 (bl of the 2011 Act.
Independent examlner's statement
As the charity's gross Income exceeded £250,000 your examSner must be a member of a body Ilsted In
section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l am a
member of FFA FTA, whlch Is one of the listed bodies.
I have completed my examlnatlon. I can conflrm that no materlal matters have come to my attentlon In
connectlon wlth the examlnatlon 8lvlng me cause to belleve:
• accountlng records were not kept In accordance wlth sectlon 386 of the 2006 Act . or
• the financSal statements do not accord wlth those records; or
the financSal statements do not comply with the accountlng requlrements under sectlon 396 of the 2006
Act other than any requlrement that the flnancial statements glve a 'true and falr, vlew whlch Is not a
matter consldered a5 part of an Independent examlnatlon. or
• the flnanclal statements have not been prepared In accordance wlth the methods and prlnclples of the
Statement of Recommended Practlce for accountlng and reporting by charities appllcable to charltles
preparin8 their accounts in accordance with the Financlal Reportln8 Stsndard appllcable In the UK and
Republlc of Ireland IFRS 102).
I have no concerns and have come across no other matters Sn connectlon wlth the examlnatlon to whlch
attentlon should be drawn in thls report in order to enable a proper understandlng of the flnanclal
statements to be reached,
Kay Wightman FFA FTA
Accounting for Good CIC
2 Geordle Ridley Place
Upper Precinrt Wesley Court
Blaydon on Tyne
Tyne and Wear
NE215BT
12 December 2024
Page 3

The Chlldrens, Foundatlon Llmited
ststement of Flnanclal Activities
forthe year ended 31 March 2024
Unrestrlcted
funds
2024
Restrlcted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Investments
Other
87,410
67,542
9,128
1,832
11,112
237,334
98,522
304,876
9,128
3,056
69,187
176,663
1,534
16,358
1,224
Total
165,912
249,670
415,582
263,742
Expendlture on:
Raising funds
Charitable actlvitles
Other
16,885
17,510
113,051
16,885
143,896
196,441
10,748
65,656
156,484
126,386
83,390
io
Total
147,446
209,776
357,222
232,888
Net galns on Investments
Net Income
11
18,466
39,894
(14,790)
58,360
30,854
Transfers between funds
14,790
Net Income before other
8alnslllosses)
33,2S6
25,104
58,360
30,854
Other galns and losses
Net movement In funds
33,256
25,104
58,360
30,854
Recondllatlon of funds:
Total funds brought forward
360,232
135,712
495,944
465,090
Total funds carrled forward
393,488
160,816
554,304
495,944
Page 4

The Childrens, Foundatlon Limited
Summary Income and Expendlture Account
for the year ended 31 March 2024
2024
2023
Income
406,454
262,208
Interest and investment income
9,128
1,534
Gr05s Income for the year
Expenditure
415,582
263,742
351,810
227.452
Depreclation and charges for
impalrment of fixed assets
5,412
5,436
Total expendlture for the year
Net income before tax for the year
357,222
232,888
58,360
30,854
Net Income for the year
58,360
30,854
Page 5

The Childrens, Foundatlon Limlted
Balance Sheet
at 31 March 2024
Company No.
02528291
Notes
2024
2023
Flxed assets
Tangible assets
13
220,309
220,309
225,721
225,721
Current assets
Stocks
Oebtors
Cash at bank and In hand
14
151,862
31,991
292,135
475,988
(141,993)
333,995
554,304
15
31,783
333,607
365,390
{95,167)
270,223
495,944
Credltors: Amount falllng due within one year
Net current assets
16
Total assets less current Ilabllltles
Net a$5ets ex¢ludln8 penslon asset or Ilablllty
554,304
495,944
Total net assets
554,304
495,944
The funds of the charlty
Re5trlcted funds
Restricted income funds
17
160,816
160,816
135,712
135,712
Unrestrlrted funds
General funds
Desi8nated funds
17
97,025
296,463
109,013
251,219
393,488
360,232
Reserves
17
Total funds
554,304
495,944
These accounts have been prepared In accordance with the speclal provlslons of Part 15 of the Companles
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entltled to exemption under section 477 of the
Companies Act 2006 relatlng to small companles.
The members have not required the company to obtain an audlt In accordance wlth sectlon 476 of the
Companles Act 2006,
The directors acknowledge their responsiblllties for complylng wlth the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 June 2024
And slgned on Its behalf by:
Trustee
12 December 2024
Page 6

The Childrens. Foundatlon LlmSted
ststement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flows from operatlng actlvltles
Net income per Statement of Flnanclal Actlvltles
58,360
30,854
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from Investments
Increase In stocks
Increase In trade and other recelvables
Increase In trade and other payables
5,412
(12,184)
(151,862)
(208)
46.225
5,436
(24,7921
(21,823)
79,064
Net cash {used In)/provlded by operatlng artlvltles
(54,2571
68,739
Cash flows from Investln8 artlvltles
Dividends, interest and rents from investments
12,184
24,792
Net cash from Investln8 artlvltles
12,184
24,792
Net cash from flnanclns artlvltles
Net (decrease)hncrease In cash and cash equlvalents
(42,0731
93,531
Cash and cash equlvalents at the beglnnln8 of the year
333,607
241.965
Cash and cash equlvalents at the end of the year
291,534
335,496
Component5 of cash and cash equlvalents
Cash and bank balances
292,135
333,607
292,135
333,607
Page 7

The Childrens, Foundatlon Llmlted
Notes to the Account5
for the year ended 31 March 2024
l Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectlve I
January 2015) - (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Chan8e In basls of accountlng or to prevlous accounts
There has been no change to the accounting policies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestrlcted funds These are available for use at the discretlon of the trustees In furtherance of the
general objetts of the charitv.
These are unrestrlcted funds earmarked by the trustees for particular purposes.
These are unrestricted funds whlch include a revaluation reserve representln8 the
restatement of investment assets at thelr market values.
These are avallable for use subject to restrlctlons imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restrlcted funds
Income
Recognitlon of
Income
Income is Included in the Statement of Financlal Activities {SoFA) when the charity
becomes entitled to, and vlrtually certain to recelve, the income and the amount of
the Income can be measured with sufflclent rellability.
Income wlth related Where Income has related expendlture the Income and related expendlture Is
expendlture
reported gross In the SOFA.
Donatlons and
legacles
Voluntary Income recelved by way of grants, donatlons and gift$15 5ncluded In the
the SOFA when recelvable and only when the CharSty has uncondltlonal
entltlement to the income.
Tax reclalms on
Income from tax reclaims Is Included in the SOFA at the same tlme as the
donatlons and gifts glft/donatlon to whlch It relates.
Donated services
These are only Included in income (wlth an equivalent amount In expendSture)
and facilitles
where the benefit to the Charlty is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income Thls Is Included in the accounts when recelvable.
Gainsl(losses) on
Thls Include5 any gain or loss resultlng from revalulng investments to rnarket value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on
Investment assets
This includes any galn or loss on the sale of investments.
Page 8

The Chlldrens, Foundation Limlted
Notss to the Attounts
Expendlture
Recognltlon of
expendlture
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attractin8 voluntary Income, fundralsing
ralsing funds
trading costs and investment management costs.
Expenditure on
These comprise the costs Incurred by the Charlty In the dellvery of its activities and
charitable activities services in the furtherance of its objects, including the maklnE of grants and
governance costs.
All grant expenditure Is accounted for on an actual pald basls plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meetlng the constitutional and statutory
requirements of the Charity, including any auditlindependent examination fees,
costs Ilnked to the strateglc mana8ement of the Charltyi tO8ether wlth a share of
other administratlon costs.
Other expendlture These are support costs not allocated to a partlcular actlvlty.
Grants payable
Governance costs
Taxatlon
The charlty Is exempt from corporatlon tax on Its charltable actlvltles.
Tanglble flxed assets and depreclatlon
Depreclation Ss provided at the followln8 annual rates In order to wrlte off each asset over Its estimated
useful Ilfe:
Leasehold Bulldlngs
Flxtures & Flttlngs
% stral8ht Ilne over SO years
IO% reduclng balance
Freehold Investment property
Investment properties are measured Inltlally at cost and subsequently at falr value at each balance sheet
date and are not depreclated. All galns or losses are taken to the Statement of Financlal Activlties as they
arlse.
Stocks
Stock is included at the lower of Cost or net realisable value. Donated items of stock are recognised at fair
value which Is the amount the charity would have been wllllng to pay for the Items on the open market.
Trade and other debtors
Trade and other debtors are recognlsed at the settlement amount due after any trade dSscount offered.
Prepayments are valued at the amount prepald net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term hlghly Ilquld investments Wlth original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current Ilabllltles.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integra5 part of the company's cash management.
Page 9

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
Trade and other credltors
Short term credltors are measured at the transaction price, Other creditors and provisions are recognlsed
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it Is Incurred.
Forelgn currencles
Monetary assets and liabilitSes denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting perlod.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange dlfferences are are taken into account in arrivlng at net Income/expendlture.
Leased assets
Where the charlty enters Into a lease which entails takln8 substantlally all the rlsks and rewards of
ownershlp of an asset, the lease is treated as a flnance lease.
Leases whlch do not transfer substantially all the rlsks and rewards of ownership to charlty are classlfled
as operatlng leases.
Assets held under flnance leases are Snltlally recognlsed as assets of the charlty at thelr falr value at the
Inceptlon of the lease or, if lower, at the present value of the mlnlmum lease payments. The
corresponding liability to the lessor Ss included in the balance sheet date as a flnance lease obll8ation.
Lease payments are apportloned between finance expenses and reduction of the lease obllgation so as to
achleve a constant rate of Interest on the remalnlng balance of the1Sablllty. Flnance expenses are
recognlsed Immedlately, unless they are dlre¢tly attributable to quallfylng assets, In which case they are
capltallsed In accordance wlth the charSty'S policy on borrowln8 Costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-llne basls over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
reco8nlsed as a liability. The aggregate benefit of incentlves Is recognised as a reductlon of rental
expense on a stral8ht-1Sne basis.
Penslon costs
The charity operates a deflned contrlbution plan for Its employees. A defined contrlbutlon plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been pald the company has no further payments obll8atlons. The contrlbutions are
recognlsed as expenses when they fall due. Amounts not pald are shown in accruals In the balance sheet.
The assets of the plan are held separately from the company in independently admlnlstered funds.
Receipt of donated goods, facllltles and servlces
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charlty.
Page 10

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Flnanclal Artlvltles - prlor year
Unrestrlrted
funds
2023
Restr5cted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacle5
Other tradlng actlvitles
Investments
Other
132,328
11,377
1,534
10,699
92,670
2,575
224,998
13,952
1,534
23,258
12,559
Total
155,938
107,804
263,742
Expendlture on:
Raising funds
Charltable actlvltles
2,913
2,189
105,120
7,835
63,467
51,364
10,748
65,656
156,484
Other
Totsl
110,222
122,666
232,888
Net Income
45,716
114,862)
18,535)
30,854
Transfers between funds
8,535
Net In¢ome before other
galns/(losses)
Other galns and10sses:
Net movement In funds
54,251
(23,397)
30,854
54,251
{23,397)
30,854
Recondllatlon of funds:
Total funds brought forward
Total funds ¢arrled forward
305,980
159,110
465,090
360,231
135,713
495,944
4 Income from donatlons and legacles
Unrestrlrted
Restrlcted
Total
2024
Total
2023
Donatlons - Indlvldual
36,744
23,379
27,287
87,410
6,027
5,085
42,771
28,464
27,287
98,522
29,839
25,396
13,952
69,187
Donations - Corporate
Events & Sponsorshlp
11,112
Page 11

The Childrens, Foundatlon Llmlted
Notes to the Accounts
5 Income from charlt3ble artFvltle5
Unrestrlcted
Restrlrted
Total
Total
2023
2024
Charitable Activities
51,617
185,717
51,617
185,717
67,542
304,876
67,995
8,400
100,268
176,663
Baby Box
Core Costs
67,542
67,542
237,334
6 Income from Investments
Unrestrlcted
Total
Totsi
2024
2023
Interest Received
9,128
9,128
9,128
9,128
1,534
1,534
7 Other Income
Unrestrlrted
Restrfrted
Total
2024
Total
2023
Other Income
In K5nd Glfts
32
1.800
1,832
1,224
1,256
1,800
3,056
14,858
1,500
16,358
1,224
8 Expendlture on ralsln8 funds
Unrestrfcted
Total
2024
Total
2023
Costs of generotlng voluntory
income
Donatlons - Individual
16,885
16,885
16,88S
16,885
10,748
10,748
9 Expendlture on ¢harltable actlvltle5
Unrestrlcted
Restrlrted
Total
Total
2024
2023
Expenditure on charitoble
activitles
Charitable Activities
15,801
31,993
94,291
102
47,794
94,291
1,811
34,387
28,775
2,494
Baby Box
Core Costs
1,709
Governonce costs
17,510
126,386
143,896
65,656
Pa8e 12

The Childrens, Foundatlon Llmlted
Notes to the Accounts
10 Other expendlture
Unrestrlcted
Restrlcted
Total
Total
2023
2024
In Kind Gifts
1.800
1,800
1,500
Employee costs
Motor and travel costs
Amortlsatlon, depreclatlon,
Impairment, proflt/loss on
disposal of fixed assets
General adminlstratlve costs
82,542
933
80,551
1,525
163,093
2,458
127,584
2,489
5,412
5,412
5,436
6,979
15,385
113.051
1,314
8,293
15,385
196,441
10,953
8,522
156,484
Legal and professional costs
83,390
11 Net Income before transfers
2024
2023
This Is stated after charging:
DepreciatSon of owned fixed assets
12 Staff costs
5,412
5,436
2024
149,130
7,205
6,713
163,048
2023
112,755
9,016
5,342
127,113
Salarles and wages
SocSal securlty Costs
Penslon costs
No employee recelved ernoluments in excess of £60,000,
The average monthly number of full tlme equlvalent employees durlng the year was as follows:
2024
Number
2023
Number
Management
Project Oellvery
Fundraising
10
The company operates a defined contrlbutlons penslon scheme. The penslon cost charge represents
contrlbutlons payable by the company to the fund and amounted to £396112020 £3163). Contributlons
totallln8 £nll (2020 £nll} were payable to the fund at the balance sheet date and are included in credltors.
Page 13

The Childrens, Foundatlon Llmlted
Notes to the Accounts
13 Tanglble fixed assets
Lèasehold
Bulldlngs
Flxtures &
Flttlngs
Total
Cost or revaluatlon
At l April 2023
At 31 March 2024
Depreclatlon and
Impalrment
At l April 2023
Depreclatlon charge for the
year
At 31 March 2024
260,000
260,000
92,479
92,479
352,479
352,479
36,400
90,358
126,758
5,200
212
5,412
41,600
90,570
132,170
Net book values
At 31 March 2024
At 31 March 2023
14 Stocks
218,400
223,600
1,909
2,121
220,309
225,721
2024
2023
Work 5n progress
ISl,862
151,862
Carrylng v?lue analysed by artlvltles
2024
2023
Baby Box
151,862
151,862
15 Debtor5
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
30,449
336
1,206
31,991
24,834
240
6,709
31,783
16 Credltors:
amounts fallin8 due wlthln one year
2024
2023
Trade creditors
Other taxes and soclal securlty
Other credltors
Accruals
Deferred income
45,800
3,459
1,202
2,401
89,131
141,993
6,125
2,076
820
1,800
84,346
95,167
Page 14

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
17 Movement In funds
Incomlng
resource5
At31
March
2024
Ilndudlng
At l Aprll
other
2023 8alns/losse5)
Resources
expended
Gross
transfers
Restrlcted funds:
Restrlrted income funds:
Therapeutlc Hortlculture
Fuzzy SubJects
Green Mentor
Roots to Health
Baby Box
Hollday Actlvlties
Couch to 2K
Community Allotment
Story Chalr
Total
39,545
5,753
8,885
20,090
45,742
471
12,590
466
2,170
135,712
19,788)
(10,9891
(9,1961
(35,8381
1127,125)
(5,974)
15,751)
13,178)
11,937)
(209,776)
(29,757)
{901)
{281)
30,038
(13.410)
6.137
592
26.267
200,562
5,503
800
4,309
5,500
249,670
40,557
105,769
7,639
1,118
5,733
160.816
(479}
(14.790)
Unrestrlrted fund5:
General funds
109,013
165,912
(122,445}
155,455)
97,025
Desl8nated funds:
Leasehold Buildlngs
Fuzzy Subjects
Mollday Actlvltles
Communty Allotment
FundraSsin8 Database
Marketlng & Website
Couch to 2K
Roots to Health
226,219
13,0(K)
(5,2001
(13,089)
(2,712)
221,019
5.850
5,939
(1,288)
1,722
3,100
5,500
4,816
50,456
2,0(K)
2,000
4,000
3,722
5,100
5,500
4,816
50,456
(4,000)
Total
251,219
(25,001)
70,245
296,463
Total funds
495,944
415,582
(357,222)
554,304
Purposes and restrlctlons In relatlon to the funds:
Restricted funds:
Therapeutlc Horticulture
Providing SUPPOrt and tultion to dlsadvanta8ed young people In education
to enable them to seek quallficatlons and pursue a career in hortlculture
or attend further educatlon
Uslng puppets to Smprove the emotlonal and mental health of chlldren
and young people In the region
Providin8 mentoring and advice to young people, supporting the design
and delivery of impactful community environmental projects
Provlding mentoring and advice to young people, supporting the design
and delivery of Impactful communlty environmental projects
Fuzzy Subjects
Green Mentor
Roots to Health
Page 15

The Chlldrens, Foundatlon Llmlted
Notes to the Accounts
Baby Box
Holiday Activities
Providing baby boxes to famllles in need
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.
Community Allotment
Designated funds:
Leasehold Buildings
Children's community garden drop in horticulture activities
The leasehold buildings shown in the accounts relate to a valuation carried
out by Knight Frank In 2017 wlth re8ard to a valuation report of the
ground floor and basement offices used by The Childrens, Foundation of
The Sir James Spence Institute of Child Health at the Royal Vlctoria
Infirmary in Newcastle. The property has a long-term lease which expires
in 2105 and no rent is payable on this lease therefore the asset is shown as
a designated fund for accountlng purposes and is depreciated over the life
of the lease. This amount represents the market value of the leasehold
interest in the property In Its condition per the 2017 report wlth vacant
possession.
Uslng puppets to Improve the emotional and mental health of children
and young people in the regSon
To ensure the work can contlnue to year end
UsSng green spaces to Improve the physical & emotional health of children
and young people in the region
For fundraising purposes
Webslte upgrade & vldeo
To ensure the work can contlnue to year end
To ensure the work can contlnue to year end
Fuzzy Subjects
Hollday Actlvltles
Communty Allotment
Fundralsing Database
Marketlng & Webslte
Couch to 2K
Roots to Health
18 Analysls of net assets between funds
Unrestrlcted
funds
Restrlcted
funds
Total
Fixed assets
Net current assets
220,309
392,341
612,650
220,309
333,995
554,304
(58,3461
(58,3461
19 Reconclllatlon of net debt
At31
At l Aprll
2023
March
2024
C85h flows
Cash and cash equlvalents
333,607
333,607
141,472)
141,472)
292,135
292,135
Net debt
333,607
{41,472}
292,135
Pa8e 16

The Chlldrens, Foundatlon Limlted
Notes to the Accounts
20 Commltments
Operntlng lease commltments
Annual commitments under non-cancellable operating leases are as follows:
2024
Land and
bulldln8S
2024
2023
Land and
bulldlngs
2023
Other
Other
Operating leases with expiry date:
Penslon commltments
2024
2023
The penslon cost charge to the companv
amounted to:
6,713
5,342
21 Related party dlsclosures
Controlllng porty
The company Is Ilmlted by guarantee and has no share capital,. thus no slngle party controls the company.
Page 17

The Childrens, Foundatlon Llmlted
Detslled Statement of Flnanclal Activities
for the year ended 31 March 2024
Unrestrlcte
d funds
2024
Restrlcted
funds Total funds Total funds
2024
2024
2023
Income and endowments from:
Donations and legacies
Donatlons - Individual
Donations - Corporate
Events & Sponsorshlp
36,744
23,379
27,287
87,410
6,027
5,085
42,771
28,464
27,287
98,522
29,839
25,396
13,952
69,187
11,112
Charitable activities
Charitable Activities
Baby Box
Core Costs
51,617
185,717
51,617
185,717
67,542
304,876
67,995
8,400
100,268
176,663
67,542
67,542
237,334
Investments
Interest Received
9,128
9,128
9,128
9,128
1,534
1,534
Other
Other Income
In Kind Gifts
32
1,224
1,256
1,800
3,056
14,858
1,500
16,358
1,800
1,832
1,224
Total Income and endowments
165,912
249,670
415,582
263,742
Expendlture on:
Costs of 8eneratSng donatlons and
legacies
Donatlons - Individual
16,885
16,885
16,885
16,885
10.748
10,748
Total of expendlture on ralsln8
funds
16,885
16,885
10,748
Charltable actlvlties
Charitable Activities
Baby Box
Core Costs
15,801
31.993
94,291
102
47,794
94,291
1,811
143,896
34,387
28,775
2,494
65,656
1,709
17,510
126,386
Total of expendlture on charltable
actlvlties
17,510
126,386
143,896
65,656
Other expenditure
In Kind Gifts
1,800
1,800
1,800
1,8(M)
1,500
1,500
Employee costs
Salarieslwages
Employer's NIC
75,652
3,676
73,478
3,529
149,130
7,205
112,755
9,016
Page 18

The Chlldrens, Foundatlon Llmlted
Detalled Statement of Flnanclal Actlvltles
Penslon costs
Staff recrultment
Staff training
Staff welfare
3,169
35
3,544
6,713
35
io
5,342
345
io
126
127,584
82,542
80,551
163,093
Motor and travel costs
Travel and subsistence
Fares
908
1,525
2,433
25
2,452
37
2,489
25
933
1,525
2,458
Gener31 administrative costs,
Includlng depreclation and
amortisation
Depreclation of land and
buildings
Depreciatlon of Leasehold
Bulldln8S
Depreclatlon of Fixtures &
Flttin8S
Depreclatlon of
Bank char8es
Equlpment expensed
General insurances
Postage and couriers
Software, IT support and related
costs
Statlonery and prlnting
Subscrlptlons
Sundry expenses
Telephone, fax and broadband
5,200
5,200
5,200
212
90
494
1,342
341
212
90
236
494
1,342
501
883
1,117
67
160
335
103
438
364
202
686
1,611
1,546
1,585
13,705
4.067
2,277
699
1,603
1,228
1,062
12,391
318
523
1,314
1,479
16,389
Legal and professlonal costs
Accountancy and bookkeepln8
Consultancy fees
Sollcltor's fees
Other legal and professlonal
costs
6,480
1,750
26
6,480
1.750
26
5,760
1,327
971
7,129
7,129
464
15,385
15,385
8,522
Total of expendlture of other costs
Total expendlture
Net galns on Investments
113,051
83,390
196,441
156,484
232,888
147.446
209,776
357,222
Net Income
18,466
39,894
58,360
30,854
Transfers between funds
14,790
(14,790}
Net Income before other
gainslllossesl
33,256
25.104
58,360
30,854
Page 19

The Chlldrens, Foundation Limlted
Detalled Statement of Flnancial Actlvltles
Other Gains
Net movement In funds
33,256
25,104
58,360
30,854
Recondllatlon of funds:
Total funds brought forward
360,232
135,712
495,944
465,090
Total funds carrled forward
393,488
160,816
554,304
495,944
Page 20