The Childrenshildren FOUNDATION | Making Serious Stuff Fun! @ Registered Charity Number 1000013
Annual Trustee Report for the year ended 31 March 2025
Registered Charity Number: 1000013 Registered Company Number: 02528291
Contents
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|Page|
|Legal|and|Administrative|Information|3|
|Introduction|5|
|Projects|7|
|Financial|Performance|11|
|Trustees|Report|12|
|Acknowledgement|of Support|15|
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Legal and Administrative 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 | |
| NE14LP |
Patron
The Children's Foundation is honoured to have Bradley Creswick MBE as its Patron.
President
Professor Sir Al Aynsley-Green
Vice President
Ms Lucy Winskell OBE
Trustees and Directors
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 (Resigned 30 September 2025)
Dr Sue Vernon - Vice Chair
Dr Sunil Bhopal
Barry Speker OBE DL
John Treherne
Karen Richardson
Alice Wiseman (Resigned 4 April 2025) Laura McGrath
Jay Wilson (Resigned 12 February 2025)
Helen Robinson
CEO of The Children’s Foundation
Sean Soulsby
Independent Examiner Accounting for Good CIC Upper Precinct, Wesley Court, 2Geordie Ridley Place, Blaydon on Tyne NE21 5BT
Banks
National Westminster Bank PLC 16 Northumberland Street Newcastle upon Tyne NE1 7EL
Virgin Money 131-135 Northumberland Street Newcastle upon Tyne NE1 7AG
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 Sir James Spence Institute of Child Health at the RVI in Newcastle upon Tyne. The building was later gifted to the Newcastle upon Tyne Hospital Trust, and the charity receives office provision, utilities and IT within the building at a peppercorn rent ona 99 year lease. The charity remains fully independent.
The Sir James 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.
The Object of the charity is:
(1) The promotion, preservation and improvement of good health and well-being among children and young people in the North East of England. Including both physical and mental health, by such means as the trustees shall from time to time determine.
Delivering Public Benefit
The Children’s Foundation is an independent children’s 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% March 2025, The Children’s Foundation reached the lives of 1941 babies, children and young people across the region.
Current Activities
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 wellbeing.
Early Years:
The Baby Box Project
Mental Health
Roots to Health, (including Therapeutic Horticulture Project, Health & Happiness) Fuzzy Subjects
Story Chair Project
1:1 Mentoring
Physical Health
Couch to 2K Holiday Activities Community Allotment
TheFOUNDATION childcens BEB WY — axitarounds key rnc veing wronsuir op BOY S Sing & Talk andy priCou n ciplest) we (Loveare &supporting Laugh, Play,first Read,time ¥ e . ° Pi parents and their babies with a best start in life. At the Dy, moment our Boxes focus on those parents identified on a vulnerable parent/health child plus 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.
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 intervention 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 continues to expand significantly, with Boxes now going out across Newcastle, Gateshead, North Tyneside, Sunderland, South Tyneside, Northumberland and Hartlepool. This expansion is mainly due to significant investment from the North East Combined Authority as part of their Child Poverty Prevention Programme, delivering under pillar 4 ‘The Critical 1001 days’. In addition, a 100 Baby Box pilot was also supported in partnership with Wandsworth Council in London, with work beginning to establish a new trading arm of the charity allowing The Children’s Foundation to provide Baby Boxes beyond the North East.
In May 2024 the independent service evaluation of the original Gateshead Pilot was published by The National Institute for Health Research. Key findings showed:
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e 100% of parents survey stated that they felt happy, valued and supported as a parent knowing that they will receive a Baby Box.
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e After their babies were born, 100% of parents felt more confident as a parent and stated that the Box should be made available to all first time parents.
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e The majority of parents found that at least 6 of the Baby Box items helped with their baby’s development and helped them to interact with their baby.
This report and evidence from our own evaluation was collated into a briefing document and submitted to central government and their Child Poverty Taskforce in March this year as part of their call for evidence to inform their new national child poverty strategy. With the full support of the North East Child Poverty Commission and the North East Combined Authority we called for:
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e Provision of Baby Boxes to all first-time parents meeting specific Vulnerable Parent/Healthy Child Plus equivalent criteria across the North East of England. This will include teenage parents and care leaves.
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e Provision of Baby Boxes to all first-time parents meeting specific vulnerable parent/Healthy Child Plus equivalent criteria across England (include teenage parents and care leaves).
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e A commitment is made by central government to match fund local NHS Trusts/Combined Authorities regionally to provide Baby Boxes.
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e Provide support and representation at the National Steering Group for Baby Boxes, chaired by The Children’s Foundation.
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 important, but very difficult job, and it takes the whole community to make a difference. We want to remind new parents and families that they are cared for, and to promote a Best Start in life for all children born here in the North East.
Roots to Health (Therapeutic Horticulture Projects)
We continue to deliver ‘Roots to Health’ from our allotment site in Fawdon as well as in local schools that have their own outdoor provision/space. 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. The project supports young people through horticulture to create a garden/green space as a safe place 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 Happiness (Therapeutic Horticulture)
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, designed for young people experiencing mental health challenges, including anxiety and emotionally based non-school attendance. 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). Relationships are built in a non-judgmental, nurturing environment where young people learn from themselves and each other. Activities focus on building selfawareness, 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 primary schools on the subject of mental health and wellJ Subjectsbeing. usesIt raises giantawareness puppetsof to mental engagehealth, childrende-stigmatises aged 9-11 inthe subjects issue and builds resilience, supporting young people to develop tools and early interventions to improve their wellbeing. The project is delivered as a whole class workshop. 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 249 children took part in Fuzzy Subjects over the last year. Our thanks go to Will and the team at Life and Limb Puppets who have been key delivery partners over the last few years. Funding for this project came to an end on 31* March.
Story Chair
You're never too old, wacky or wild, to pick up a book and read to a child! - 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. Weekly sessions engage children and their families in storytelling
and craft activities, reducing the stress and anxiety of hospital visits. 102 children have benefitted from the Story Chair over the last 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. To encourage participation and remove barriers for young people to get involved, each young person receives a Start Fitness e-voucher to purchase sports clothes and trainers, and they also receive a basic fit-bit watch.
Holiday Activities
Our holiday programme is designed to combat holiday hunger, social isolation and inactivity, and targets children and young people who can be classed as vulnerable. Sessions are shaped by the interests and suggestions of the young people we work with, ensuring the programme is fun, relevant and engaging. Funded by the Holiday Activity Fund (HAF), a programme of different trips and activities enabled 77 children and young people to try new experiences, meet new people and have fun!
Community Allotment
Our weekly allotment drop-in is a youth group for children aged 8-14, giving young people the chance to spend time outdoors, make friends and take part in fun activities after school. Run by our youth work team from March through to October, the sessions include gardening, games and creative activities, all in a relaxed and welcoming environment.
1:1 Mentoring
A new project this year enables our youth work team to deliver one“Ihave som to-one community-based sessions. Tailored to the needs and interests [ROS eeT erie7 of each young person the mentoring helps young people take positive need to talk ab out.” steps forward. Referrals come from professionals already working with the young person, or directly from their families. At the start of the mentoring, we agree on personal goals together — these might be about improving confidence, managing anxiety, reengaging with school, or building healthier routines. Each young person is then offered up to 12 sessions, with progress reviewed at 6 and 12 weeks to celebrate achievements and adjust support where needed. In 2024/25, 7 children and young people have been supported.
Financial Performance
Income and Expenditure
Income: Over the reporting period 1% April 2024 to 31% March 2025, The Children’s Foundation raised a total of £563,058 compared to the previous period's total of £415,582
Expenditure: Operational expenditure totaled £526,181 of which £479115 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 £36,877 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 reserves’) held by the charity should be up to six months of the central unrestricted resources expended. On 31st March 2025 the unrestricted reserves stand at £374,632 of which £277,738 is designated.
Restricted funds amount to £216,549 as detailed in note 17 to the accounts. These are held specifically for the current charitable projects (listed on page 16 of accounts).
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 315t March 2025). 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 projects 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.
Policies
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.
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 and volunteers. All staff complete 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 party of policy.
Induction Training and Development
All trustees, staff and volunteers undertake an induction programme which includes the charity's 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 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 at each Board meeting.
Insurance
The charity has the following insurance:
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e Public Liability insurance
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e Employers’ Liability insurance
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e 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.
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.
Trustees’ Responsibilities 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:
- e select suitable accounting policies and then apply them consistently; e make judgments and accounting estimates that are reasonable and prudent; and e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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:
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e there is no relevant audit information of which the charitable company's auditor is unaware; and
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e the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor 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, Foundations 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:
North East Combined Authority
Greggs Foundation Community Foundation Tyne Wear and Northumberland
Gateshead Council
Frazer Trust Cratchit Foundation StreetGames UK The Talent Fund Wellesley Trust - The Community Foundation South Tyneside Council Hartlepool Borough Council Middlesbrough Council Waites Family Enterprise Trust Share Gift Charity Reach Fund Groundwork UK - Tesco Blue Token Scheme
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 Examiners
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.
Volunteers
The Children’s Foundation would like to thank all volunteers who give up their time supporting all aspects of the charity, with special mention to Michaela Higson.
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;
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e The Starfish Children’s Concert
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e Newcastle 10K, Run Through event
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e The Great North Run.
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e 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.
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e Festive fundraising was a great success with the charity raising funds through school choirs and carol singing. The Christmas Wrap Stand took place in Eldon Square, Newcastle, we are grateful for their support and that of all the volunteers in delivering this event.
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e The Corporate Big Bowl 25 event. Thanks to NAMCO for their ongoing support in hosting this.
Community
The Children’s Foundation would like to thank everyone in the community who has 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 us raise funds by organising community events and completing personal challenges. In particular, we would like to thank the Aspray Family, the team at Brunswick Methodist Church, Norman Bloomfield, Michaela Higson, Richard MacFarlane, Joanne Pybus and Kath Wilson (Area 1A the British Show Pony Society), Newcastle School for Boys, Ashleigh - Asda Byker, Clare Cannon - Eldon Square and the Community Team at One Strawberry Lane.
Corporate Fundraising
The Children’s Foundation is very grateful to the North East business community, who are extremely supportive of the charity's projects and events. The charity would like to thank Technip FMC plc 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:
Stiller Warehousing & Distribution
Clifford Chance - Newcastle
Asda Byker
Tesco Kingston Park
Waitrose - Jesmond
Enterprise Rentals
SES
Turnitin
Be More Geek
First and Last Brewery
Newcastle Building Society World Pay - Team Valley Ringtons
Ongoing thanks goes to Lauren Regan, Mole Creative who continues to support the PR and Marketing function of the charity, Adam Ball, Sandance Creative for our graphic designs and branding, 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 finances and 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:
Dr Sue Vernon: AV Alina eee Se eee Acting Chair
The Childrens’ Foundation Limited
Charity No. 1000013
Company No. 02528291
Trustees’ Report and Unaudited Accounts
31 March 2025
The Childrens' Foundation Limited Contents
| Pages | |
|---|---|
| Trustees’ Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Summary Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Statement ofCash flows | 7 |
| Notes to the Accounts | 8 to 17 |
| DetailedStatementofFinancialActivities | 18to20 |
Page 1
The Childrens’ Foundation Limited
Trustees Annual Report
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 charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 02528291
Charity No. 1000013
Registered Office
Sir James Spence Institute RVI
Queen Victoria Road
Newcastle
NE1 4LP
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
5. Bhopal
L. McGrath
K. Richardson
H. Robinson
B.N. Speker J. Treherne
S. Vernon
J. Wilson (Resigned 12 February 2025) D. Winship (Resigned 30 September 2025) A.K. Wiseman (Resigned 4 April 2025)
Accountants
Accounting for Good CIC
2 Geordie Ridley Place
Upper Precinct Wesley Court
Blaydon on Tyne Tyne and Wear NE21 SBT
Page 2
The Childrens’ Foundation Limited
independent Examiners Report
Independent Examiner's Report to the trustees of The Childrens’ Foundation Limited
| report to the charity trustees on my examination of the financial statements of The Childrens’ Foundation Limited for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | ama member of FFA FTA, which is one of the listed bodies.
| have completed my examination. | can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
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e the financial statements do not accord with those records; or
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¢ the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Kay Wightman FFA FTA
Accounting for Good CIC 2 Geordie Ridley Place
Upper Precinct Wesley Court
Blaydon on Tyne
Tyne and Wear NE21 SBT 27 November 2025
Page 3
The Childrens’ Foundation Limited Statement of Financial Activities
for the year ended 31 March 2025
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|2025|2025|2025|2024|
|Notes|£|£|£|£|
|Income|and|endowments|
|from:|
|Donations and|legacies|4|69,981|12,697|82,678|98,522|
|Charitable|activities|5|63,596|403,950|467,546|304,876|
|Investments|6|3,470|-|3,470|9,128|
|Other|7|8,960|404|9,364|3,056|
|Total|146,007|417,051|563,058|415,582|
|Expenditure|on:|
|Raising funds|8|11,134|99|11,233|16,885|
|Charitable|activities|9|18,039|222,976|241,015|143,896|
|Other|10|135,690|138,243|273,933|196,441|
|Total|164,863|361,318|526,181|357,222|
|Net gains|on|investments|-|-|-|-|
|Net income|11|(18,856)|55,733|36,877|58,360|
|Transfers|between|funds|-|-|-|-|
|Net income before other|(18,856)|55,733|36,877|58,360|
|gains/(losses)|
|Other gains|and|losses|
|Net movement|in funds|(18,856)|55,733|36,877|58,360|
|Reconciliation|of funds:|
|Total|funds|brought forward|393,488|160,816|554,304|495,944|
|Total|funds|carried forward|374,632|216,549|591,181|554,304|
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Page 4
The Childrens' Foundation Limited Summary Income and Expenditure Account
for the year ended 31 March 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Income|559,588|406,454|
|Interest and|investment|income|3,470|9,128|
|Gross|income for the|year|563,058|415,582|
|Expenditure|520,790|351,810|
|Depreciation|and|charges|for|
|impairment|of fixed|assets|5,391|5,412|
|Total|expenditure|for the year|526,181|357,222|
|Net|income|before|tax|for the year|36,877|58,360|
|Net income for the year|36,877|58,360|
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Page 5
The Childrens' Foundation Limited Balance Sheet
at 31 March 2025
| Company No. 02528291 |
Notes | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 13 | 214,918 | 220,309 |
| 214,918 | 220,309 | ||
| Current assets | |||
| Stocks | 14 | 144,111 | 151,862 |
| Debtors | 15 | 35,221 | 31,991 |
| Cash at bank and in hand | 263,184 | 292,135 | |
| 442,516 | 475,988 | ||
| Creditors: Amount fallingdue within one year | 16 | (66,253) | (141,993) |
| Netcurrent assets | 376,263 | 333,995 | |
| Total assets lesscurrent liabilities | 591,181 | 554,304 | |
| Netassets excluding pension assetor liability | 591,181 | 554,304 | |
| Total net assets | 591,181 | 554,304 | |
| Thefunds ofthe charity | |||
| Restricted funds | 17 | ||
| Restricted income funds | 216,549 | 160,816 | |
| 216,549 | 160,816 | ||
| Unrestricted funds | 17 | ||
| Generalfunds | 96,894 | 97,025 | |
| Designated funds | 277,738 | 296,463 | |
| 374,632 | 393,488 | ||
| Reserves | 17 | ||
| Totalfunds | 591,181 | 554,304 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 November 2025
And signed on its behalf by: TrusteeDr S. Vernon SAV Cn WA A, 27 November 2025
Page 6
The Childrens’ Foundation Limited Statement of Cash flows
for the year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flowsfrom operating activities | ||
| Netincome perStatement ofFinancial Activities | 36,877 | 58,360 |
| Adjustments for: | ||
| Depreciation ofproperty, plantand equipment | 5,391 | 5,412 |
| Dividends, interestand rentsfrom investments | (12,834) | (12,184) |
| Decrease/(Increase) in stocks | 7,751 | (151,862) |
| Increase in trade and other receivables | (3,230) | (208) |
| (Decrease)/Increase in trade and other payables | (76,734) | 46,225 |
| Netcash used in operating activities | (42,779) | (54,257) |
| Cash flowsfrom investing activities | ||
| Dividends, interest and rents from investments | 12,834 | 12,184 |
| Netcash from investing activities | 12,834 | 12,184 |
| Netcashfrom financing activities | - | - |
| Netdecrease in cash and cashequivalents | (29,945) | (42,073) |
| Cash and cash equivalents atthe beginningoftheyear | 292,135 | 333,607 |
| Cash and cash equivalents attheend oftheyear | 262,190 | 291,534 |
| Components ofcash and cash equivalents | ||
| Cash and bank balances | 263,184 | 292,135 |
| Bank overdrafts | (994) | S |
| 262,190 | 292,135 |
Page 7
The Childrens’ Foundation Limited Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
==> picture [449 x 101] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|funds|These|are|available|for|use|at the|discretion|of the|trustees|in|furtherance|of the|
|general|objects|of the|charity.|
|Designated|funds|— These|are|unrestricted|funds earmarked|by the trustees|for|particular|purposes.|
|Revaluation funds|_—_These|are|unrestricted funds which|include|a|revaluation|reserve|representing the|
|restatement|of|investment|assets|at|their|market|values.|
|Restricted|funds|These|are|available|for use|subject|to|restrictions|imposed|by the|donor or through|
|terms|of an|appeal.|
----- End of picture text -----
==> picture [453 x 333] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|sufficient|reliability.|
|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 of grants,|donations and|gifts|is|included|in|the|
|legacies|the SoFA when|receivable|and|only when|the|Charity|has|unconditional|
|entitlement|to|the|income.|
|Tax|reclaims|on|Income|from|tax|reclaims|is|included|in|the|SoFA|at the|same time|as|the|
|donations|and|gifts|_gift/donation|to|which|it|relates.|
|Donated|services|These|are|only|included|in|income|(with|an|equivalent amount|in|expenditure)|
|and|facilities|where|the|benefit to the|Charity|is|reasonably|quantifiable,|measurable|and|
|material.|
|Volunteer|help|The value|of any volunteer|help|received|is|not|included|in the|accounts.|
|Investment|income|This|is|included|in|the|accounts|when|receivable.|
|Gains/(losses)|on|This|includes|any gain|or|loss|resulting from|revaluing|investments to|market|value|
|revaluation|of fixed|at the|end|of the year.|
|assets|
|Gains/(losses)|on|This|includes|any gain|or|loss on the|sale|of investments.|
|investment|assets|
----- End of picture text -----
Page 8
The Childrens’ Foundation Limited Notes to the Accounts
Expenditure
| Recognition of | Expenditure is recognised on an accruals basis. Expenditure includes anyVATwhich |
|---|---|
| expenditure | cannot befully recovered, and is reported as part ofthe expenditure towhich it |
| relates. | |
| Expenditure on | These comprise the costs associated with attractingvoluntary income, fundraising |
| raisingfunds | trading costs and investment management costs. |
| Expenditure on | These comprisethe costs incurred bythe Charity inthe deliveryof its activities and |
| charitable activities | services in thefurtherance of its objects, includingthe making ofgrants and |
| governance costs. | |
| Grants payable | All grant expenditure is accounted foron an actual paid basis plus an accrual for |
| grants that have been approved bythe trustees attheend ofthe year but notyet | |
| paid. |
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold Buildings % straight line over 50 years Fixtures & Fittings 10% reducing balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
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 willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 9
The Childrens’ Foundation Limited Notes to the Accounts
.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised 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.
Foreign currencies
Monetary assets and liabilities 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 period.
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 differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense ona straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised asa liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
The Childrens’ Foundation Limited
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 Financial Activities - prior year
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total funds | ||
| 2024 | 2024 | 2024 | ||
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Donations and legacies | 87,410 | 11,112 | 98,522 | |
| Charitable activities | 67,542 | 237,334 | 304,876 | |
| Investments | 9,128 | - | 9,128 | |
| Other | 1,832 | 1,224 | 3,056 | |
| Total | 165,912 | 249,670 | 415,582 | |
| Expenditure on: | ||||
| Raisingfunds | 16,885 | - | 16,885 | |
| Charitable activities | 17,510 | 126,386 | 143,896 | |
| Other | 113,051 | 83,390 | 196,441 | |
| Total | 147,446 | 209,776 | 357,222 | |
| Net income | 18,466 | 39,894 | 58,360 | |
| Transfers between funds | 14,790 | (14,790) | - | |
| Net i th etincomebefore other gains/(losses) |
33,256 | 25,104 | 58,360 | |
| Othergainsand losses: | ||||
| Netmovement in funds | 33,256 | 25,104 | 58,360 | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 360,232 | 135,712 | 495,944 | |
| Total funds carried forward | 393,488 | 160,816 | 554,304 | |
| 4 Income from donationsand legacies |
||||
| Unrestricted | Restricted | Total | Total | |
| 2025 | 2024 | |||
| £ | £ | £ | £ | |
| Donations - Individual | 21,803 | 1,347 | 23,150 | 42,771 |
| Donations -Corporate | 19,864 | 11,350 | 31,214 | 28,464 |
| Events&Sponsorship | 28,314 | - | 28,314 | 27,287 |
| 69,981 | 12,697 | 82,678 | 98,522 |
Page 11
The Childrens’ Foundation Limited
Notes to the Accounts
5 Income from charitable activities
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Charitable Activities | - | 26,697 | 26,697 | 51,617 | |
| Baby Box | - | 377,253 | 377,253 | 185,717 | |
| Core Costs | 63,596 | - | 63,596 | 67,542 | |
| 63,596 | 403,950 | 467,546 | 304,876 | ||
| 6 | Income from investments | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Interest Received | 3,470 | 3,470 | 9,128 | ||
| 3,470 | 3,470 | 9,128 | |||
| 7 | Other income | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Other Income | 6,960 | 404 | 7,364 | 1,256 | |
| In Kind Gifts | 2,000 | - | 2,000 | 1,800 | |
| 8,960 | Ty | ree | |||
| 8 | Expenditureon raisingfunds | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Costs ofgenerating voluntary | |||||
| income | |||||
| Event Costs | 11,134 | 99 | 11,233 | 16,885 | |
| 11,134 | 99 | 11,233 | 16,885 | ||
| 9 | Expenditureon charitable activities | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Expenditure on charitable | |||||
| activities | |||||
| Charitable Activities | 14,625 | 6,100 | 20,725 | 47,794 | |
| Baby Box | - | 216,876 | 216,876 | 94,291 | |
| Core Costs | 3,414 | - | 3,414 | 1,811 | |
| Governance costs | |||||
| 18,039 | 222,976 | 241,015 | 143,896 |
Page 12
The Childrens’ Foundation Limited Notes to the Accounts
10 Other expenditure
==> picture [474 x 489] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|2025|2024|
|£|£|£|£|
|In|Kind|Gifts|2,000|-|2,000|1,800|
|Employee|costs|86,928|125,224|212,152|163,093|
|Motor|and|travel|costs|1,115|2,800|3,915|2,458|
|Amortisation,|depreciation,|
|impairment,|profit/loss|on|5,391|-|5,391|5,412|
|disposal|of fixed|assets|
|General|administrative|costs|13,627|8,406|22,033|8,293|
|Legal|and|professional|costs|26,629|1,813|28,442|15,385|
|135,690|138,243|273,933|196,441|
|11|Net|income|before|transfers|
|2025|2024|
|This|is|stated|after|charging:|£|£|
|Depreciation|of owned|fixed|assets|5,391|5,412|
|12|Staff costs|
|2025|2024|
|Salaries|and wages|186,612|149,130|
|Social|security costs|12,397|7,205|
|Pension|costs|8,910|6,713|
|207,919|163,048|
|No employee|received|emoluments|in|excess|of £60,000.|
|The average|monthly number of full|time|equivalent|employees|during the|year was|as follows:|
|2025|2024|
|Number|Number|
|Management|2|2|
|Project|Delivery|4|6|
|Fundraising|1|2|
|AS|ae ae|
----- End of picture text -----
The company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £3961 (2020 £3163). Contributions totalling £nil (2020 Enil) were payable to the fund at the balance sheet date and are included in creditors.
Page 13
The Childrens’ Foundation Limited Notes to the Accounts
13 Tangible fixed assets
| Leasehold | Fixtures& | |||
|---|---|---|---|---|
| . Buildings |
= Fittings |
Total | ||
| £ | £ | £ | ||
| Cost or revaluation | ||||
| At 1 April 2024 | 260,000 | 92,479 | 352,479 | |
| At31 March 2025 | 260,000 | 92,479 | 352,479 | |
| Depreciation and | ||||
| impairment | ||||
| At 1 April 2024 | 41,600 | 90,570 | 132,170 | |
| Depreciationchargeforthe year |
5,200 | isi | 5,391 | |
| At31 March 2025 | 46,800 | 90,761 | 137,561 | |
| Net book values | ||||
| At31 March 2025 | 213,200 | 1,718 | 214,918 | |
| At31 March 2024 | 218,400 | 1,909 | 220,309 | |
| 14 | Stocks | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Work in progress | 144,111 | 151,862 | ||
| 144,111 | 151,862 | |||
| Carryingvalue analysed by activities | 2025 | 2024 | ||
| £ | £ | |||
| Baby Box | 144,111 | 151,862 | ||
| 144,111 | 151,862 | |||
| 15 | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade debtors | 5,620 | 30,449 | ||
| Other debtors | 600 | 336 | ||
| Prepayments and accrued income | 29,001 | 1,206 | ||
| 35,221 | 31,991 | |||
| 16 | Creditors: | |||
| amounts fallingdue within one year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank loans and overdrafts | 994 | - | ||
| Trade creditors | 4,678 | 45,800 | ||
| Othertaxesand social security | 3,911 | 3,459 | ||
| Other creditors | 1,486 | 1,202 | ||
| Accruals | 2,999 | 2,401 | ||
| Deferred income | 52,185 | 89,131 | ||
| 66,253 | 141,993 |
Page 14
The Childrens’ Foundation Limited Notes to the Accounts
17 Movement in funds
| Incoming | |||||
|---|---|---|---|---|---|
| At 1April | resources fincluding other |
Resources expended |
Gross transfers |
At 31 Mar 2025 |
|
| 2024 | gains/losses) | ||||
| £ | £ | £ | £ | ||
| Restricted funds: | |||||
| Restricted income funds: | |||||
| CommunityAllotment | 1,118 | 4,500 | (4,023) | - | 1,595 |
| 1to 1 Mentoring | - | 6,036 | (126) | - | 5,910 |
| Story Chair | 5,733 | - | (2,139) | - | 3,594 |
| Rootsto Health | 40,557 | 13,511 | (47,691) | - | 6,377 |
| Baby Box | 105,769 | 389,260 | (301,049) | - | 193,980 |
| Holiday Activities | - | 3,369 | (3,369) | - | - |
| Couch to2K | 7,639 | - | (2,546) | - | 5,093 |
| FuzzySubjects | - | 375 | (375) | - | - |
| Total | 160,816 | 417,051 | (361,318) | - | 216,549 |
| Unrestricted funds: | |||||
| Generalfunds | 97,025 | 146,007 | (133,989) | (12,149) | 96,894 |
| Designated funds: | |||||
| Leasehold Buildings | 221,019 | - | (5,200) | - | 215,819 |
| FuzzySubjects | 5,850 | - | (15,074) | 9,224 | - |
| Childrens & Youth Services | - | . | - | 11,950 | 11,950 |
| CommuntyAllotment | 3,722 | - | - | - | 3,722 |
| FundraisingDatabase | 5,100 | - | (5,100) | - | - |
| 1 to 1 Mentoring | - | - | - | 15,000 | 15,000 |
| Marketing&Website | 5,500 | - | (5,500) | - | - |
| Couch to 2K | 4,816 | - | - | 1,500 | 6,316 |
| Rootsto Health | 50,456 | - | - | (25,525) | 24,931 |
| Total | 296,463 | - | (30,874) | 12,149 | 277,738 |
| Totalfunds | 554,304 | 563,058 | (526,181) | - | 591,181 |
Purposes and restrictions in relation to the funds: Restricted funds:
Community Allotment 1 to 1 Mentoring Story Chair
Roots to Health
Children's community garden drop in horticulture activities
Delivered by our youth work team to offer support for young people Story telling sessions in children's outpatients departments of Queen Elizabeth Hospital in Gateshead
Story telling sessions in children's outpatients departments of Queen Elizabeth Hospital in Gateshead
Baby Box Providing baby boxes to families in need to give babies the best start in life Holiday Activities School holidays activities for young people to help them stay active
Page 15
The Childrens’ Foundation Limited Notes to the Accounts
Couch to 2K
Fuzzy Subjects
Aiming to improve young people’s health, fitness and wellbeing through exercise. Using puppets to improve the emotional and mental health of children and young people in the region
Designated funds: Leasehold Buildings The leasehold buildings shown in the accounts relate to a valuation carried out by Knight Frank in 2017 with regard 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 Victoria 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 accounting 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 with vacant possession.
Fuzzy Subjects
Using puppets to improve the emotional and mental health of children and young people in the region
Childrens & Youth Services Youth Services in Gateshead Communty Allotment Using green spaces to improve the physical & emotional health of children and young people in the region
Fundraising Database For fundraising purposes Marketing & Website Website upgrade & video Couch to 2K To ensure the work can continue to year end Roots to Health To ensure the work can continue to year end
18 Analysis of net assets between funds
==> picture [469 x 228] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|funds|funds|
|£|£|£|
|Fixed|assets|214,918|-|214,918|
|Net|current|assets|278,117|98,146|376,263|
|493,035|98,146|591,181|
|19|Reconciliation|of|net|debt|
|At|31|
|At|1|April|March|
|2024|Cash|flows|2025|
|£|£|£|
|Cash|and|cash|equivalents|292,135|(28,951)|263,184|
|292,135|(28,951)|263,184|
|Net debt|292,135|(28,951)|263,184|
----- End of picture text -----
Page 16
The Childrens’ Foundation Limited Notes to the Accounts
20 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
==> picture [470 x 195] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Land|and|Land|and|
|buildings|Other|buildings|Other|
|£|£|£|£|
|Operating|leases with|expiry|date:|
|Pension|commitments|
|2025|2024|
|£|£|
|The|pension|cost|charge|to the|company|
|amounted|to:|8,910|6,713|
|21|Related|party disclosures|
|Controlling party|
----- End of picture text -----
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
The Childrens’ Foundation Limited Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Unrestricte | Restricted | ||||
|---|---|---|---|---|---|
| dfunds | funds | Totalfunds | Total funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | |||||
| Donations - Individual | 21,803 | 1,347 | 23,150 | 42,771 | |
| Donations - Corporate | 19,864 | 11,350 | 31,214 | 28,464 | |
| Events&Sponsorship | 28,314 | - | 28,314 | 27,287 | |
| 69,981 | 12,697 | 82,678 | 98,522 | ||
| Charitable activities | |||||
| Charitable Activities | - | 26,697 | 26,697 | 51,617 | |
| Baby Box | - | 377,253 | 377,253 | 185,717 | |
| Core Costs | 63,596 | - | 63,596 | 67,542 | |
| 63,596 | 403,950 | 467,546 | 304,876 | ||
| Investments | |||||
| Interest Received | 3,470 | - | 3,470 | 9,128 | |
| 3,470 | - | 3,470 | 9,128 | ||
| Other | |||||
| Other Income | 6,960 | 404 | 7,364 | 1,256 | |
| In Kind Gifts | 2,000 | - | 2,000 | 1,800 | |
| 8,960 | 404 | 9,364 | 3,056 | ||
| Total income and endowments | 146,007 | 417,051 | 563,058 | 415,582 | |
| Expenditure on: | |||||
| Costs ofgenerating donations and | |||||
| legacies | |||||
| Event Costs | 11,134 | 99 | 11,233 | 16,885 | |
| 11,134 | 99 | 11,233 | 16,885 | ||
| Totalofexpenditureon funds |
raising | 11,134 | 99 | 11,233 | 16,885 |
| Charitable activities | |||||
| Charitable Activities | 14,625 | 6,100 | 20,725 | 47,794 | |
| Baby Box | - | 216,876 | 216,876 | 94,291 | |
| Core Costs | 3,414 | - | 3,414 | 1,811 | |
| 18,039 | 222,976 | 241,015 | 143,896 | ||
| Total of dit Peaiee esPeay activities |
haritable erat |
18,039 | 222,976 | 241,015 | 143,896 |
| Other expenditure | |||||
| In Kind Gifts | 2,000 | . | 2,000 | 1,800 | |
| 2,000 | - | 2,000 | 1,800 | ||
| Employee costs | |||||
| Salaries/wages | 66,867 | 119,745 | 186,612 | 149,130 | |
| Employer'sNIC | 9,751 | 2,646 | 12,397 | 7,205 |
Page 18
The Childrens’ Foundation Limited
Detailed Statement of Financial Activities
| Pension costs | 6,557 | 2,353 | 8,910 | 6,713 |
|---|---|---|---|---|
| Staff recruitment | 2,863 | 48 | 2,911 | 35 |
| Stafftraining | 890 | 432 | 1,322 | 10 |
| 86,928 | 125,224 | 212,152 | 163,093 | |
| Motor and travel costs | ||||
| Travel and subsistence | 1,115 | 2,800 | 3,915 | 2,433 |
| Fares | - | - | - | 25 |
| 1,115 | 2,800 | 3,915 | 2,458 | |
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Depreciation ofland and kes buildings |
5,200 | - | 5,200 | 5,200 |
| Depreciation ofLeasehold | ; | : | : | ; |
| Buildings | ||||
| Depreciation ofFixtures& | ||||
| 4 | ; | ; | ; | |
| Fittings | ||||
| Depreciation of | 191 | - | 191 | 212 |
| Bankcharges | 45 | - | 45 | 90 |
| Equipment expensed | 494 | - | 494 | 494 |
| General insurances | 2,003 | - | 2,003 | 1,342 |
| Postage and couriers | 172 | 6,338 | 6,510 | 501 |
| Software, ITsupportand related costs |
1,720 | 146 | 1,866 | 438 |
| Stationery and printing | 2,502 | 43 | 2,545 | 686 |
| Subscriptions | 4,632 | - | 4,632 | 1,611 |
| Sundry expenses | 937 | 1,124 | 2,061 | 1,546 |
| Telephone, faxand broadband | 1,122 | 755 | 1,877 | 1,585 |
| 19,018 | 8,406 | 27,424 | 13,705 | |
| Legal and professional costs | ||||
| Accountancy and bookkeeping | 6,480 | - | 6,480 | 6,480 |
| Consultancyfees | 4,079 | - | 4,079 | 1,750 |
| Solicitor's fees | 34 | - | 34 | 26 |
| Other legaland professional costs |
16,036 | 1,813 | 17,849 | 7,129 |
| 26,629 | 1,813 | 28,442 | 15,385 | |
| Total ofexpenditureofother costs | 135,690 | 138,243 | 273,933 | 196,441 |
| Total expenditure | 164,863 | 361,318 | 526,181 | 357,222 |
| Net gains on investments | - | - | - | - |
| ; Net income |
(18,856) | 55,733 | 36,877 | 58,360 |
| Netincomeberoreicther gains/(losses) |
(18,856) | 55,733 | 36,877 | 58,360 |
| OtherGains | - | - | - | - |
Page 19
The Childrens’ Foundation Limited
Detailed Statement of Financial Activities
==> picture [467 x 80] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Net movement|in funds|(18,856)|55,733|36,877|58,360|
|Reconciliation|of funds:|
|Total|funds|brought forward|393,488|160,816|554,304|495,944|
|Total|funds|carried forward|374,632|216,549|591,181|554,304|
----- End of picture text -----
Page 20
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The Childrens’ Foundation Limited
Charity No. 1000013
Company No. 02528291
Trustees’ Report and Unaudited Accounts
31 March 2025
The Childrens' Foundation Limited Contents
| Pages | |
|---|---|
| Trustees’ Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Summary Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Statement ofCash flows | 7 |
| Notes to the Accounts | 8 to 17 |
| DetailedStatementofFinancialActivities | 18to20 |
Page 1
The Childrens’ Foundation Limited
Trustees Annual Report
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 charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 02528291
Charity No. 1000013
Registered Office
Sir James Spence Institute RVI
Queen Victoria Road
Newcastle
NE1 4LP
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
5. Bhopal
L. McGrath
K. Richardson
H. Robinson
B.N. Speker J. Treherne
S. Vernon
J. Wilson (Resigned 12 February 2025) D. Winship (Resigned 30 September 2025) A.K. Wiseman (Resigned 4 April 2025)
Accountants
Accounting for Good CIC
2 Geordie Ridley Place
Upper Precinct Wesley Court
Blaydon on Tyne Tyne and Wear NE21 SBT
Page 2
The Childrens’ Foundation Limited
independent Examiners Report
Independent Examiner's Report to the trustees of The Childrens’ Foundation Limited
| report to the charity trustees on my examination of the financial statements of The Childrens’ Foundation Limited for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | ama member of FFA FTA, which is one of the listed bodies.
| have completed my examination. | can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
e the financial statements do not accord with those records; or
-
¢ the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Kay Wightman FFA FTA
Accounting for Good CIC 2 Geordie Ridley Place
Upper Precinct Wesley Court
Blaydon on Tyne
Tyne and Wear NE21 SBT 27 November 2025
Page 3
The Childrens’ Foundation Limited Statement of Financial Activities
for the year ended 31 March 2025
==> picture [472 x 458] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|2025|2025|2025|2024|
|Notes|£|£|£|£|
|Income|and|endowments|
|from:|
|Donations and|legacies|4|69,981|12,697|82,678|98,522|
|Charitable|activities|5|63,596|403,950|467,546|304,876|
|Investments|6|3,470|-|3,470|9,128|
|Other|7|8,960|404|9,364|3,056|
|Total|146,007|417,051|563,058|415,582|
|Expenditure|on:|
|Raising funds|8|11,134|99|11,233|16,885|
|Charitable|activities|9|18,039|222,976|241,015|143,896|
|Other|10|135,690|138,243|273,933|196,441|
|Total|164,863|361,318|526,181|357,222|
|Net gains|on|investments|-|-|-|-|
|Net income|11|(18,856)|55,733|36,877|58,360|
|Transfers|between|funds|-|-|-|-|
|Net income before other|(18,856)|55,733|36,877|58,360|
|gains/(losses)|
|Other gains|and|losses|
|Net movement|in funds|(18,856)|55,733|36,877|58,360|
|Reconciliation|of funds:|
|Total|funds|brought forward|393,488|160,816|554,304|495,944|
|Total|funds|carried forward|374,632|216,549|591,181|554,304|
----- End of picture text -----
Page 4
The Childrens' Foundation Limited Summary Income and Expenditure Account
for the year ended 31 March 2025
==> picture [473 x 231] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Income|559,588|406,454|
|Interest and|investment|income|3,470|9,128|
|Gross|income for the|year|563,058|415,582|
|Expenditure|520,790|351,810|
|Depreciation|and|charges|for|
|impairment|of fixed|assets|5,391|5,412|
|Total|expenditure|for the year|526,181|357,222|
|Net|income|before|tax|for the year|36,877|58,360|
|Net income for the year|36,877|58,360|
----- End of picture text -----
Page 5
The Childrens' Foundation Limited Balance Sheet
at 31 March 2025
| Company No. 02528291 |
Notes | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 13 | 214,918 | 220,309 |
| 214,918 | 220,309 | ||
| Current assets | |||
| Stocks | 14 | 144,111 | 151,862 |
| Debtors | 15 | 35,221 | 31,991 |
| Cash at bank and in hand | 263,184 | 292,135 | |
| 442,516 | 475,988 | ||
| Creditors: Amount fallingdue within one year | 16 | (66,253) | (141,993) |
| Netcurrent assets | 376,263 | 333,995 | |
| Total assets lesscurrent liabilities | 591,181 | 554,304 | |
| Netassets excluding pension assetor liability | 591,181 | 554,304 | |
| Total net assets | 591,181 | 554,304 | |
| Thefunds ofthe charity | |||
| Restricted funds | 17 | ||
| Restricted income funds | 216,549 | 160,816 | |
| 216,549 | 160,816 | ||
| Unrestricted funds | 17 | ||
| Generalfunds | 96,894 | 97,025 | |
| Designated funds | 277,738 | 296,463 | |
| 374,632 | 393,488 | ||
| Reserves | 17 | ||
| Totalfunds | 591,181 | 554,304 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 November 2025
And signed on its behalf by: TrusteeDr S. Vernon SAV Cn WA A, 27 November 2025
Page 6
The Childrens’ Foundation Limited Statement of Cash flows
for the year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flowsfrom operating activities | ||
| Netincome perStatement ofFinancial Activities | 36,877 | 58,360 |
| Adjustments for: | ||
| Depreciation ofproperty, plantand equipment | 5,391 | 5,412 |
| Dividends, interestand rentsfrom investments | (12,834) | (12,184) |
| Decrease/(Increase) in stocks | 7,751 | (151,862) |
| Increase in trade and other receivables | (3,230) | (208) |
| (Decrease)/Increase in trade and other payables | (76,734) | 46,225 |
| Netcash used in operating activities | (42,779) | (54,257) |
| Cash flowsfrom investing activities | ||
| Dividends, interest and rents from investments | 12,834 | 12,184 |
| Netcash from investing activities | 12,834 | 12,184 |
| Netcashfrom financing activities | - | - |
| Netdecrease in cash and cashequivalents | (29,945) | (42,073) |
| Cash and cash equivalents atthe beginningoftheyear | 292,135 | 333,607 |
| Cash and cash equivalents attheend oftheyear | 262,190 | 291,534 |
| Components ofcash and cash equivalents | ||
| Cash and bank balances | 263,184 | 292,135 |
| Bank overdrafts | (994) | S |
| 262,190 | 292,135 |
Page 7
The Childrens’ Foundation Limited Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|funds|These|are|available|for|use|at the|discretion|of the|trustees|in|furtherance|of the|
|general|objects|of the|charity.|
|Designated|funds|— These|are|unrestricted|funds earmarked|by the trustees|for|particular|purposes.|
|Revaluation funds|_—_These|are|unrestricted funds which|include|a|revaluation|reserve|representing the|
|restatement|of|investment|assets|at|their|market|values.|
|Restricted|funds|These|are|available|for use|subject|to|restrictions|imposed|by the|donor or through|
|terms|of an|appeal.|
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==> picture [453 x 333] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|sufficient|reliability.|
|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 of grants,|donations and|gifts|is|included|in|the|
|legacies|the SoFA when|receivable|and|only when|the|Charity|has|unconditional|
|entitlement|to|the|income.|
|Tax|reclaims|on|Income|from|tax|reclaims|is|included|in|the|SoFA|at the|same time|as|the|
|donations|and|gifts|_gift/donation|to|which|it|relates.|
|Donated|services|These|are|only|included|in|income|(with|an|equivalent amount|in|expenditure)|
|and|facilities|where|the|benefit to the|Charity|is|reasonably|quantifiable,|measurable|and|
|material.|
|Volunteer|help|The value|of any volunteer|help|received|is|not|included|in the|accounts.|
|Investment|income|This|is|included|in|the|accounts|when|receivable.|
|Gains/(losses)|on|This|includes|any gain|or|loss|resulting from|revaluing|investments to|market|value|
|revaluation|of fixed|at the|end|of the year.|
|assets|
|Gains/(losses)|on|This|includes|any gain|or|loss on the|sale|of investments.|
|investment|assets|
----- End of picture text -----
Page 8
The Childrens’ Foundation Limited Notes to the Accounts
Expenditure
| Recognition of | Expenditure is recognised on an accruals basis. Expenditure includes anyVATwhich |
|---|---|
| expenditure | cannot befully recovered, and is reported as part ofthe expenditure towhich it |
| relates. | |
| Expenditure on | These comprise the costs associated with attractingvoluntary income, fundraising |
| raisingfunds | trading costs and investment management costs. |
| Expenditure on | These comprisethe costs incurred bythe Charity inthe deliveryof its activities and |
| charitable activities | services in thefurtherance of its objects, includingthe making ofgrants and |
| governance costs. | |
| Grants payable | All grant expenditure is accounted foron an actual paid basis plus an accrual for |
| grants that have been approved bythe trustees attheend ofthe year but notyet | |
| paid. |
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold Buildings % straight line over 50 years Fixtures & Fittings 10% reducing balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
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 willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 9
The Childrens’ Foundation Limited Notes to the Accounts
.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised 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.
Foreign currencies
Monetary assets and liabilities 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 period.
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 differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense ona straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised asa liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
The Childrens’ Foundation Limited
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 Financial Activities - prior year
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total funds | ||
| 2024 | 2024 | 2024 | ||
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Donations and legacies | 87,410 | 11,112 | 98,522 | |
| Charitable activities | 67,542 | 237,334 | 304,876 | |
| Investments | 9,128 | - | 9,128 | |
| Other | 1,832 | 1,224 | 3,056 | |
| Total | 165,912 | 249,670 | 415,582 | |
| Expenditure on: | ||||
| Raisingfunds | 16,885 | - | 16,885 | |
| Charitable activities | 17,510 | 126,386 | 143,896 | |
| Other | 113,051 | 83,390 | 196,441 | |
| Total | 147,446 | 209,776 | 357,222 | |
| Net income | 18,466 | 39,894 | 58,360 | |
| Transfers between funds | 14,790 | (14,790) | - | |
| Net i th etincomebefore other gains/(losses) |
33,256 | 25,104 | 58,360 | |
| Othergainsand losses: | ||||
| Netmovement in funds | 33,256 | 25,104 | 58,360 | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 360,232 | 135,712 | 495,944 | |
| Total funds carried forward | 393,488 | 160,816 | 554,304 | |
| 4 Income from donationsand legacies |
||||
| Unrestricted | Restricted | Total | Total | |
| 2025 | 2024 | |||
| £ | £ | £ | £ | |
| Donations - Individual | 21,803 | 1,347 | 23,150 | 42,771 |
| Donations -Corporate | 19,864 | 11,350 | 31,214 | 28,464 |
| Events&Sponsorship | 28,314 | - | 28,314 | 27,287 |
| 69,981 | 12,697 | 82,678 | 98,522 |
Page 11
The Childrens’ Foundation Limited
Notes to the Accounts
5 Income from charitable activities
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Charitable Activities | - | 26,697 | 26,697 | 51,617 | |
| Baby Box | - | 377,253 | 377,253 | 185,717 | |
| Core Costs | 63,596 | - | 63,596 | 67,542 | |
| 63,596 | 403,950 | 467,546 | 304,876 | ||
| 6 | Income from investments | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Interest Received | 3,470 | 3,470 | 9,128 | ||
| 3,470 | 3,470 | 9,128 | |||
| 7 | Other income | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Other Income | 6,960 | 404 | 7,364 | 1,256 | |
| In Kind Gifts | 2,000 | - | 2,000 | 1,800 | |
| 8,960 | Ty | ree | |||
| 8 | Expenditureon raisingfunds | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Costs ofgenerating voluntary | |||||
| income | |||||
| Event Costs | 11,134 | 99 | 11,233 | 16,885 | |
| 11,134 | 99 | 11,233 | 16,885 | ||
| 9 | Expenditureon charitable activities | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Expenditure on charitable | |||||
| activities | |||||
| Charitable Activities | 14,625 | 6,100 | 20,725 | 47,794 | |
| Baby Box | - | 216,876 | 216,876 | 94,291 | |
| Core Costs | 3,414 | - | 3,414 | 1,811 | |
| Governance costs | |||||
| 18,039 | 222,976 | 241,015 | 143,896 |
Page 12
The Childrens’ Foundation Limited Notes to the Accounts
10 Other expenditure
==> picture [474 x 489] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|2025|2024|
|£|£|£|£|
|In|Kind|Gifts|2,000|-|2,000|1,800|
|Employee|costs|86,928|125,224|212,152|163,093|
|Motor|and|travel|costs|1,115|2,800|3,915|2,458|
|Amortisation,|depreciation,|
|impairment,|profit/loss|on|5,391|-|5,391|5,412|
|disposal|of fixed|assets|
|General|administrative|costs|13,627|8,406|22,033|8,293|
|Legal|and|professional|costs|26,629|1,813|28,442|15,385|
|135,690|138,243|273,933|196,441|
|11|Net|income|before|transfers|
|2025|2024|
|This|is|stated|after|charging:|£|£|
|Depreciation|of owned|fixed|assets|5,391|5,412|
|12|Staff costs|
|2025|2024|
|Salaries|and wages|186,612|149,130|
|Social|security costs|12,397|7,205|
|Pension|costs|8,910|6,713|
|207,919|163,048|
|No employee|received|emoluments|in|excess|of £60,000.|
|The average|monthly number of full|time|equivalent|employees|during the|year was|as follows:|
|2025|2024|
|Number|Number|
|Management|2|2|
|Project|Delivery|4|6|
|Fundraising|1|2|
|AS|ae ae|
----- End of picture text -----
The company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £3961 (2020 £3163). Contributions totalling £nil (2020 Enil) were payable to the fund at the balance sheet date and are included in creditors.
Page 13
The Childrens’ Foundation Limited Notes to the Accounts
13 Tangible fixed assets
| Leasehold | Fixtures& | |||
|---|---|---|---|---|
| . Buildings |
= Fittings |
Total | ||
| £ | £ | £ | ||
| Cost or revaluation | ||||
| At 1 April 2024 | 260,000 | 92,479 | 352,479 | |
| At31 March 2025 | 260,000 | 92,479 | 352,479 | |
| Depreciation and | ||||
| impairment | ||||
| At 1 April 2024 | 41,600 | 90,570 | 132,170 | |
| Depreciationchargeforthe year |
5,200 | isi | 5,391 | |
| At31 March 2025 | 46,800 | 90,761 | 137,561 | |
| Net book values | ||||
| At31 March 2025 | 213,200 | 1,718 | 214,918 | |
| At31 March 2024 | 218,400 | 1,909 | 220,309 | |
| 14 | Stocks | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Work in progress | 144,111 | 151,862 | ||
| 144,111 | 151,862 | |||
| Carryingvalue analysed by activities | 2025 | 2024 | ||
| £ | £ | |||
| Baby Box | 144,111 | 151,862 | ||
| 144,111 | 151,862 | |||
| 15 | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade debtors | 5,620 | 30,449 | ||
| Other debtors | 600 | 336 | ||
| Prepayments and accrued income | 29,001 | 1,206 | ||
| 35,221 | 31,991 | |||
| 16 | Creditors: | |||
| amounts fallingdue within one year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank loans and overdrafts | 994 | - | ||
| Trade creditors | 4,678 | 45,800 | ||
| Othertaxesand social security | 3,911 | 3,459 | ||
| Other creditors | 1,486 | 1,202 | ||
| Accruals | 2,999 | 2,401 | ||
| Deferred income | 52,185 | 89,131 | ||
| 66,253 | 141,993 |
Page 14
The Childrens’ Foundation Limited Notes to the Accounts
17 Movement in funds
| Incoming | |||||
|---|---|---|---|---|---|
| At 1April | resources fincluding other |
Resources expended |
Gross transfers |
At 31 Mar 2025 |
|
| 2024 | gains/losses) | ||||
| £ | £ | £ | £ | ||
| Restricted funds: | |||||
| Restricted income funds: | |||||
| CommunityAllotment | 1,118 | 4,500 | (4,023) | - | 1,595 |
| 1to 1 Mentoring | - | 6,036 | (126) | - | 5,910 |
| Story Chair | 5,733 | - | (2,139) | - | 3,594 |
| Rootsto Health | 40,557 | 13,511 | (47,691) | - | 6,377 |
| Baby Box | 105,769 | 389,260 | (301,049) | - | 193,980 |
| Holiday Activities | - | 3,369 | (3,369) | - | - |
| Couch to2K | 7,639 | - | (2,546) | - | 5,093 |
| FuzzySubjects | - | 375 | (375) | - | - |
| Total | 160,816 | 417,051 | (361,318) | - | 216,549 |
| Unrestricted funds: | |||||
| Generalfunds | 97,025 | 146,007 | (133,989) | (12,149) | 96,894 |
| Designated funds: | |||||
| Leasehold Buildings | 221,019 | - | (5,200) | - | 215,819 |
| FuzzySubjects | 5,850 | - | (15,074) | 9,224 | - |
| Childrens & Youth Services | - | . | - | 11,950 | 11,950 |
| CommuntyAllotment | 3,722 | - | - | - | 3,722 |
| FundraisingDatabase | 5,100 | - | (5,100) | - | - |
| 1 to 1 Mentoring | - | - | - | 15,000 | 15,000 |
| Marketing&Website | 5,500 | - | (5,500) | - | - |
| Couch to 2K | 4,816 | - | - | 1,500 | 6,316 |
| Rootsto Health | 50,456 | - | - | (25,525) | 24,931 |
| Total | 296,463 | - | (30,874) | 12,149 | 277,738 |
| Totalfunds | 554,304 | 563,058 | (526,181) | - | 591,181 |
Purposes and restrictions in relation to the funds: Restricted funds:
Community Allotment 1 to 1 Mentoring Story Chair
Roots to Health
Children's community garden drop in horticulture activities
Delivered by our youth work team to offer support for young people Story telling sessions in children's outpatients departments of Queen Elizabeth Hospital in Gateshead
Story telling sessions in children's outpatients departments of Queen Elizabeth Hospital in Gateshead
Baby Box Providing baby boxes to families in need to give babies the best start in life Holiday Activities School holidays activities for young people to help them stay active
Page 15
The Childrens’ Foundation Limited Notes to the Accounts
Couch to 2K
Fuzzy Subjects
Aiming to improve young people’s health, fitness and wellbeing through exercise. Using puppets to improve the emotional and mental health of children and young people in the region
Designated funds: Leasehold Buildings The leasehold buildings shown in the accounts relate to a valuation carried out by Knight Frank in 2017 with regard 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 Victoria 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 accounting 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 with vacant possession.
Fuzzy Subjects
Using puppets to improve the emotional and mental health of children and young people in the region
Childrens & Youth Services Youth Services in Gateshead Communty Allotment Using green spaces to improve the physical & emotional health of children and young people in the region
Fundraising Database For fundraising purposes Marketing & Website Website upgrade & video Couch to 2K To ensure the work can continue to year end Roots to Health To ensure the work can continue to year end
18 Analysis of net assets between funds
==> picture [469 x 228] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|funds|funds|
|£|£|£|
|Fixed|assets|214,918|-|214,918|
|Net|current|assets|278,117|98,146|376,263|
|493,035|98,146|591,181|
|19|Reconciliation|of|net|debt|
|At|31|
|At|1|April|March|
|2024|Cash|flows|2025|
|£|£|£|
|Cash|and|cash|equivalents|292,135|(28,951)|263,184|
|292,135|(28,951)|263,184|
|Net debt|292,135|(28,951)|263,184|
----- End of picture text -----
Page 16
The Childrens’ Foundation Limited Notes to the Accounts
20 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
==> picture [470 x 195] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Land|and|Land|and|
|buildings|Other|buildings|Other|
|£|£|£|£|
|Operating|leases with|expiry|date:|
|Pension|commitments|
|2025|2024|
|£|£|
|The|pension|cost|charge|to the|company|
|amounted|to:|8,910|6,713|
|21|Related|party disclosures|
|Controlling party|
----- End of picture text -----
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
The Childrens’ Foundation Limited Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Unrestricte | Restricted | ||||
|---|---|---|---|---|---|
| dfunds | funds | Totalfunds | Total funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | |||||
| Donations - Individual | 21,803 | 1,347 | 23,150 | 42,771 | |
| Donations - Corporate | 19,864 | 11,350 | 31,214 | 28,464 | |
| Events&Sponsorship | 28,314 | - | 28,314 | 27,287 | |
| 69,981 | 12,697 | 82,678 | 98,522 | ||
| Charitable activities | |||||
| Charitable Activities | - | 26,697 | 26,697 | 51,617 | |
| Baby Box | - | 377,253 | 377,253 | 185,717 | |
| Core Costs | 63,596 | - | 63,596 | 67,542 | |
| 63,596 | 403,950 | 467,546 | 304,876 | ||
| Investments | |||||
| Interest Received | 3,470 | - | 3,470 | 9,128 | |
| 3,470 | - | 3,470 | 9,128 | ||
| Other | |||||
| Other Income | 6,960 | 404 | 7,364 | 1,256 | |
| In Kind Gifts | 2,000 | - | 2,000 | 1,800 | |
| 8,960 | 404 | 9,364 | 3,056 | ||
| Total income and endowments | 146,007 | 417,051 | 563,058 | 415,582 | |
| Expenditure on: | |||||
| Costs ofgenerating donations and | |||||
| legacies | |||||
| Event Costs | 11,134 | 99 | 11,233 | 16,885 | |
| 11,134 | 99 | 11,233 | 16,885 | ||
| Totalofexpenditureon funds |
raising | 11,134 | 99 | 11,233 | 16,885 |
| Charitable activities | |||||
| Charitable Activities | 14,625 | 6,100 | 20,725 | 47,794 | |
| Baby Box | - | 216,876 | 216,876 | 94,291 | |
| Core Costs | 3,414 | - | 3,414 | 1,811 | |
| 18,039 | 222,976 | 241,015 | 143,896 | ||
| Total of dit Peaiee esPeay activities |
haritable erat |
18,039 | 222,976 | 241,015 | 143,896 |
| Other expenditure | |||||
| In Kind Gifts | 2,000 | . | 2,000 | 1,800 | |
| 2,000 | - | 2,000 | 1,800 | ||
| Employee costs | |||||
| Salaries/wages | 66,867 | 119,745 | 186,612 | 149,130 | |
| Employer'sNIC | 9,751 | 2,646 | 12,397 | 7,205 |
Page 18
The Childrens’ Foundation Limited
Detailed Statement of Financial Activities
| Pension costs | 6,557 | 2,353 | 8,910 | 6,713 |
|---|---|---|---|---|
| Staff recruitment | 2,863 | 48 | 2,911 | 35 |
| Stafftraining | 890 | 432 | 1,322 | 10 |
| 86,928 | 125,224 | 212,152 | 163,093 | |
| Motor and travel costs | ||||
| Travel and subsistence | 1,115 | 2,800 | 3,915 | 2,433 |
| Fares | - | - | - | 25 |
| 1,115 | 2,800 | 3,915 | 2,458 | |
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Depreciation ofland and kes buildings |
5,200 | - | 5,200 | 5,200 |
| Depreciation ofLeasehold | ; | : | : | ; |
| Buildings | ||||
| Depreciation ofFixtures& | ||||
| 4 | ; | ; | ; | |
| Fittings | ||||
| Depreciation of | 191 | - | 191 | 212 |
| Bankcharges | 45 | - | 45 | 90 |
| Equipment expensed | 494 | - | 494 | 494 |
| General insurances | 2,003 | - | 2,003 | 1,342 |
| Postage and couriers | 172 | 6,338 | 6,510 | 501 |
| Software, ITsupportand related costs |
1,720 | 146 | 1,866 | 438 |
| Stationery and printing | 2,502 | 43 | 2,545 | 686 |
| Subscriptions | 4,632 | - | 4,632 | 1,611 |
| Sundry expenses | 937 | 1,124 | 2,061 | 1,546 |
| Telephone, faxand broadband | 1,122 | 755 | 1,877 | 1,585 |
| 19,018 | 8,406 | 27,424 | 13,705 | |
| Legal and professional costs | ||||
| Accountancy and bookkeeping | 6,480 | - | 6,480 | 6,480 |
| Consultancyfees | 4,079 | - | 4,079 | 1,750 |
| Solicitor's fees | 34 | - | 34 | 26 |
| Other legaland professional costs |
16,036 | 1,813 | 17,849 | 7,129 |
| 26,629 | 1,813 | 28,442 | 15,385 | |
| Total ofexpenditureofother costs | 135,690 | 138,243 | 273,933 | 196,441 |
| Total expenditure | 164,863 | 361,318 | 526,181 | 357,222 |
| Net gains on investments | - | - | - | - |
| ; Net income |
(18,856) | 55,733 | 36,877 | 58,360 |
| Netincomeberoreicther gains/(losses) |
(18,856) | 55,733 | 36,877 | 58,360 |
| OtherGains | - | - | - | - |
Page 19
The Childrens’ Foundation Limited
Detailed Statement of Financial Activities
==> picture [467 x 80] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Net movement|in funds|(18,856)|55,733|36,877|58,360|
|Reconciliation|of funds:|
|Total|funds|brought forward|393,488|160,816|554,304|495,944|
|Total|funds|carried forward|374,632|216,549|591,181|554,304|
----- End of picture text -----
Page 20
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