Company registration n￿rn￿r.. 02W268 arity registration number. l(Kr484 Christina Noble Childrens Foundation Limited fornierly The Christina Noble Childrens Foundation Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2021 Christina Noble Childrens Foundation Limited Contents Reference and Administrative Details.........-................. ........ .... Tru51ees' Report......................................................-....................................................................... 2-10 Statement of TTUStees' Responsibilities........................................................................................... 11 Independent Examiner's Report..........-...-..................................................................................12-13 Statement of Financial Aciivities...........-.................................................................... ................... 14 Balan￿ Sheet........-..._-.....................-.................................................................-............................ 15 Statement of Cash Flows... 16 Note5 to the Finanoal Statements.......................................................................... ..17-27 Christina Noble Childrens Foundation LAmAled Reference and Administrative Details Directors and Trn$tees: T Ward (Chair) K Greer B 08more S Bannert(Trn K Pocock Company Secretary. S Bannerton Resistered Office.. 38 Deodar Road London SW15 2NN Company Registration Number. 0268AY268 Charity Resistration Number. ILIJ7484 Independent Examiner. Russell Joseph AG4 Boumer Bullotk Chartered Accountant5 114 St Martin's Lane Covent Garden London WC2N 4BE Website.. Ivww.cncf.ors Christina Noble Childrens Foundation Limited Tn￿tee5. Report The trustees are pleased to ptvAnt their arnual dirertor4 report tOget￿r with the financial statemenls of the he Christina Ni>ble Children's Foundation Limited (~the Charily or Ihe"Companyl for the year eThling 31 t*cember 2021 which are also prepaTed io meet the Tequirements for a directo￿, rep)rl and aCc￿nts for Companies Act PUTPO* The lironaal statements comply with the Charilies Act 2011. the Companies Act 21K)6, Memorandum and Articles of AsStMiatiOry and Accounting and Reporting by Charities.. Statevnent OE Recomtnended Practi￿ applicable to the FinanLial Reporting Siandard applicable in the UK and Repiiblic of Ireland IFRS lir2) leffeciive l Jarniary 2019)- {Charities SORP IFRS102)I, the Financial Reporting StandaTd applicable in UK and Republic of Ireland (FKS 102) and the Companies Act Dirertor and Trustees directors of The Company. who are its trustees for the PUTpose of charity law. present the annual report of the tharitable company for the year ended 31 DecerniEr 2021 The Irustees and officers serving during the yeaT and subwuent to yearend were as follows: T Ward (C￿1r) K Greer B Ogmore S BanneTton K p<￿￿k Company Secrekty. sha￿ Bannerlon Regislered Office 38 Deodar Rd LA)ndon SW15 2NN StrychKre. sovernance and management Nattlre of govenJiiJgdocMment The organi5ation 15 a charitable company litnited by suaranl&. 7ncorporated on 17 January 1992 and registered as a charity on 3 March 19)1 The Company was establis1￿ under a Memorandurn ofASSfxiation whTchestablished the obFcls and power5 of the charitable company and is gover￿ under its Articles of Awcialion whith details the Charily'5 organisational slruclure. Christina Noble Childrens Foundation Limited Trnstees. Report Recruitment and appointment of trust*s Under the Articles of Association. memkrship shall ￿ open toanyone the Trustees, by a majority vote, agree will ￿rther the aims of the Charity. liiductioii And trailri1￿ of tn￿tee$ All of the Trustees are familiaT With tharilable organisations in general. They are familiar with the activities of the Charity and of its finanaal statements. MAjor risks And managemait of those risks Jn common with other charities of our size. we are limited in the resources we are able to apply in segregating ihe dutie5 OE operatives and fundraisers alike. Beins aware of this we use our available Te50urce5 in the manner we deem most effeeiive which the trustees keep under constant review. We have considered the Tnaior risks to whith the Charity is exposed and are satislied that systems are in place. and new systems will ￿ put in Pla￿ as and when ne￿ssary. to mitigate exposure to major risks. Objectives. strategies and artivities The principal activities of the Christina Noble Children's Foundation I-CNCF or ~the Foundation "I during the year were the relief of poverty. sickness thild exploitalion and the advancement of education in any part of the world. in particular to support the following work.. a) the Sunshine knial and Medical Centre (SSMQ at 38 Tu Xuong Street. Dislrict 3, Ho Chi Minh City, Vietnam and approximately 120 other ProiecL% based in Vietnam. bl the healthcare and educational prosrarnm￿ and Blue SkiesGer Village in Ulaanbaatar. Mongolia. These objectives will be achieved through fundraising iniliatives and a Child Sponsorship scheme administered in the UK and our asSLKiated inlernational fvndraising offices in Hong Kong, Australia, Fran￿. Ireland. New Zealand {managed by our Australian Offi￿), USA. Italy and United Arab Emirates {a branch of ihe UK Offi￿}. Christina Noble OBE. and the Foundation globally have re￿IVed over l(KJ humaDitarian and achievement awards for theTr work on behalf of children's rights. Amons these. Christina was TeC0￿1zed by Time magazine as one of the "Most Inspirin8 Her(￿5 of our World," and awarded the prestigious Albert Schweitzer Humanitarian Award. Christina is al￿ the recipient of The Order of Friendship Medal from E*)th Govemments of Vietnarn and Mongolia for her outstanding work for and on behalf of the people of those countries, this ￿Ing the highest Honour given to foreigne Where we work tnarn.. Ho Chi Minth City. tam tk)ng Provin￿, tk)ng Nai Provin￿, Tay Ninh Province. Long An Province, Ben TTe Province, Dons Thap Prol'in￿. Hau Giang Provin￿, Kien Giang Provin￿. Ca Mau Provin￿. lia= Ive iyolk in the nine districts of Ulaanbaatar Capital City, Erdenel City, Darkhan City, and the following provinces.. Bulgan Prth'ince. Selenge Province and Tuv Provin Christina Noble Childrens Foundation Lxmited Trustees, Report Tolal Impacts 21V21 22.932.. Children and adults were impacted by CNCFS Education, Healthcare and Comtnunity Development programmes and CNCF'S COVILk19 Emersenry Relief Fund Education: 1322 diildren were SUpF￿rted through CNCF'S education programmes Health.. 1.184 children and adults were supported thTOU8h CNCWS Healthcare programmes Community: 16,267 children and adults were supported throu8h CNCF'S community development programmes 3,15*. childTen and adults weTe supp)rted through CNCFS COVtD-19 Emergency Relief (und. ia In 2021, CNCF witnessed ihe ctsntinuing impacts of COVID-19 on Frfwerty-stricken communilies who were already highly vUl￿rable prior lo the global pandemic leam continued to deliver SLIPPOTI including frM)d, elean water. financial aid packases and psychosocilil Support to ihousands of vulnerable children and their families, e[￿￿￿n8 PTovi57on of criticJl support never ceased despite the significant and continued impacts of the pandemic to the Foundation itself. CNCF continued providing lif￿lr1L nsforming and essential humanitarian assistan￿ thToush our over 20 programmes across Educalion. Healthcare and Community Development. All of CNCF'5 work contributes towards achieving trrtain United Nalions Sustrainable tkvelopment Goals and in doing so, work towards eradicating glo￿11 poverty, prowdins accessible opporluDities to redu￿ irlequalities keepins children and communities safe and able to work iowards a brighter future. The year al￿ maTked CNCF'S inaugurdl global virlual evenL The child￿n'S Walk for Hope exhilarating movement of compassion and unity to raise awarene55 and funds for the prevention of child exploitation and trdfficking. Over 1.640 individuals participated from 24 countries acro55 the glote and walked, rary cycled, danced and moved their way to making the difference to the life of a vulnerdble child with over an outstsrKling 10.(KK) kilometets collectively achieved on the day itself. an CNCF'S theory of thange is that by empowering communilies in a holistic manner, with the tools and opportunities lo drive their own futures, [￿SItive and sustainablechange is p055ible. The Success of this theory 15 evidenced by the thouSaT￿5 of children that have gone From exttpme vulnerability to leading Positive lives they have been empowered to choose ihemselve& To date, the Chrislina Noble Children5 Foundation has established over Id) proFcts. directly a55i5ted oveT gKI.(fX) thildren living in poverty and col]edively benefited the lives of well over one million ￿)ple. The delivery of CNCWS humanitarian seTViLES conlinues to be key in proteding thou&inds of thildren anT)uaily who are at very high risk of educational disengagement and increaginsly vulnerable to all forms of thTeat5. exploitation. abuse and iraffickins. These services dtiven by a phi1050phy thal recognizes children as individuals with different needs, physical and emolionaL and values their very speaal human spirit. We ￿lIeVe ihat by empowering a chad. you are actively guidins the fu￿re of a Community and ils country. Christina Noble Childrens Foundation Llmited Trustees. Reporl Our work at CNCF over the past 33 years has sought to reduce iwualilies and expand the capabilities of the children of Vietham by providing high*uality educatiorn healthcare and community development solutions. We are proud of the part we have played in helping to make a difference for some of the PCM)rest and most vulnerable childTerL While many thallenges remain. OUT important work will continue. Our Sunshine Soaal and Medical Cenlre ISSMCI, affectionalely known as The Sunshine Centre, wos established in 1991 and is the flagship project of the thristina Noble Children's Foundation in Vietnam, in parthership with Vietnam's Ministry of iabouT. ]nvalids and &JLial AffaiTS (MOUSAI. It is based at 38 Tu Xuong Streei. Distrirt 3. Ho Chi MiDh City and io this day remains the very heart of the Foundation. It provides quality healthcare. nutTitional care. physiotherapy-based rehabilitation, psych0￿cial care, preschool education and day (are seTvices tobabies and thildren {age 0*1 who are orphan5. abandoned or come from impoverished families. The SSMC enables thildren to have the best Start to life by providins an inteinational staDdard of care through the Intensive Monitoring Unit IIMU} for thildren aged O 10 2, and Residential Care Unit IRCU, Hoa Mi Nightingale Unit) £oT children aged 2 to 6, and Day Care Unit (Son Ca Son8bird Unit). Medical treatments are also provided to surroundins communities at the outpatient clinic If￿￿ted on ground floor of the ceDtTe and through a range of SSMC medi¢AI team community outreach trip& Since inception, CNCF'S Sunshine Social & Medical Centre has provided 1598vulnerablethildren with full-time residential care: 2.403 children with day care Sery1￿ and early thildhood education al our kindergarten and I￿567 children with free examinations and treatments at our outpatient clinic and through our outreach programme. CNCF'5 Sunshine Home Eor Boys {e5tablished in 19941 and Sunshine Home for Girls {established in 1997) are safe havens for disadvantaged children and young adults Ln Vietnam. At theSun5hine Homes, CNCF provides educatiory healthcare. nutritional SUPFOrt and s(Kial development opportUDities for the Ix)ys and gir15. enabling the children lo develop knoi¥ledge. skJ"Ils, self-confidence and strengths to lead independent and fulftllins lives. To date. the Suftshine Home5 have provided 1,256 children including 737 b)ys and 519 8irls with holistic child￿nITed support and a sustainable futUTe. Approximately IIX) ki]ometres southwesi of Ho Chi Minh City located in Tay Ninh Provin￿, CNCF'S Tay Ninh Residential Centre for Visually Impaired Children. Tay Ninh was the scene of extensive military action during the Vietnam WaT and the fifth most heavily sprayed province in Vietham, resulting in high nUrn￿r5 of children being born with serious eye deformities and blindness. The still- prevalent high Inoden￿ of Visual impairment is now attributed to several Eactors includin8 the lasting effects of the use of chemicals during the war. inadequate health education, inadequale access to medical care and high Inciden￿ of malnutrition. Given that many of the thildren affected already came from familie5 facing hardships, made more vulnerable because of their disabilities, they faced discrimination, lack of support and exclusion Frovn their tamilies and 50ciety. It was the need to provide a secure and caring envirotunent for these thildren that led Chrislina Noble to set up the Tay Ninh Centre Eor Visually Impaired Children. Christina Noble Childrens Foundation Limited Trustee￿ Report Esiablished in IW)Tay Ninh Residential Centre funL*iimsasbtsth a residential and educational centre. providing chiklren with holistic long-terni residential care. nutrition supporL ￿aIthC￿re, academic education, rehabilitatiory vixational and life skius training and tecreational activitie5. To date. Ihe Tay Ninh Centre remains the only facility offering comprehensive care to an underserved and often oveTlix)ked population of visually impaired children in the provin￿. assisting approximately 1,465 thildren and young adults to IEcome seif-sufficient and independenl individuals. CNCF'S Capital ProFcts (estsblished in 1997) support communities in pwr and rural areas of Vielnam, enabling access to healthcare. educatio￿ clean water, and capital Ihrough the PTOVi5ion of kindergarlens: community re(Teational areas waier supply facilities includingwater tanks water well5 and water purification plants thrwgh ihe Rural Clean Water Programme,. low-interest revolving loans throush the microfinan￿ Loans Programme: and other facilities. enabling childTen and their families to reach iheir full ability and to lift themselves out of poverty. Is,9￿ Children and familie5 from CNCF'S Capitsl prOFc￿ through the provision of . swimming p(x)l and waler lanks in 2021. and conlÉnued io ￿nefit from sthtxTr]s, kindergartens playgrounds, water filter systems. and kitchens constructed in previous year& 2021 Highlishts- Wiettwn 19.911 Total beneficiaries of CNCFS Educatiorn Healthcare and Communily Development programrnes (including emergency relief).. Education: 1.1174 Children were supported thTou8h CNCFS Educalion programme5. Healih.. 245 Trealments provided through CNCF5 healthcare programmes ComTnunity. 18592 Children arnl adults were 5wPtM)r￿1 through CNCF'S community development PTogramme5. 2021 ATvArds ACknoWled￿￿ents- Vretiwm The Order Of Friendship Medal- awarded by the President of Vietnam for CNCWS positive contTibutions to tIE education and well1￿Ing of disadvantaged children in Vietnam. and the relalionship between the UL Vietnam and other intemational OTsanisation Certificate of Merit fvorn the Vietnam Union ol Friendship (hgani5ations for wy5itive contributions lo the suslainable development of Vielnam in 2020. Certificate of Merit from the People's Committee of Ca Mau Province for posilive conlributions to social seLwrity in Ca Mau PTOVI Christina NobIe ChildTrns Foundation Limited Tntstees, Report Mongolia's economy has been developin8 sintr 2(M)l and the standald of living 15 improving for a proportion of the ￿pulatIon. including the establishment of a middle class. tkspite apparent progress on a natsonal level many of the pootest families have been left behind. There is a widenins chasm tween the rich and the poor. Due to the massive Pri￿ infiation stimulated by the mining boom many families are now unable to afford basic living provisions suth as adequate f¢x)d and heating, and there is effectively no sociai welfaTe available lo support them. Despite the prices of commodities increasing rapidly, the income of these families has increased at a colnpardbly meagre rate. With the rapid nationwide increases Rn the pri￿5 of s￿15 the traditional noU￿diC way of life has become uneconomical and insufficient for many herders. The result is thousands of ￿0P]e flocking to Ulaanbaatar each year hopes of steady employrnent and a prosperou5 life. Unfortunately, this causes immense ovetpopulation in a city that was originally engineered to SUPPOrt a mere 4￿,(￿N) but now has in excess of 1.5 million people. The immense overpopulation and its Subsequent large-xale unemployment a￿ at the rcot of many syslemic and often complex soaetal dysfunctions, sud) as alcoholism, domestic violentr. Child abuse. neglect and families living in extreme deStI￿tiOn. As is often the case, the children of these families, the most Yuinerable in gxiety, have been left without protection and many Mongolian thildren are at a higher risk OE exploitation from unscrupulous adults, from organised gangs and sadly, also from their own families. The focal point of our operati(Trns is our flagship project the Blue Skies Ger Village in the capital aty of Ulaanbaatar. Established in 1997 the village has supported over SW children. The Village and a550ciated support programmes help abandoned and ne8lected children by providin8 shelter. rehabilitative care, education. arKI the opportunity to break the cyde of poverty. The Village provide5 a safe. happy. and sijpporlive home for thesechildren, One where they aresurrounded by unconditional love and respert. Children living in the Village receive healthcare and counsellin8 and attend local sthools. They also receive age-appropriale Yocational training and life ski115 and are encouraged to develop their personal. ￿￿jaI. and art15tic skills in our Arts & Music and Sports Programme& A mix of olderand youn8er children live ineachof the residential gersand they all contribute to upkeep and maintenance. One of our soals in the Ger Village is to mirror tradilional Mongolian family life as much a5 P055ible. Eath ger is assigned a key ivorker, wm.th is a sensor member of Ger Village staff who is the fi.rst point of contact for the children. The key ivorker ensures ihe necessary tasks are completed. the ger is clean and tidy. and ihat the thildren from that unit are working well together and supporting eath other. The key workers act as menlors, carers. and couA8ellors for the children and refer any concerns or problems to the &r Village Manager. All our haTdworking stsff are dedicated to providing a supportive aRd healing environrneni For the thildren in our ca Christina Noble Children's Foundation Limited Trnstees. Report Also within tFr Ger Village is our Blue Skie5 Day ca￿ centre, establis￿ in 2CW to support the development of children between arKI Six yeays old. It is the only free-of-charge day care in the local district and not only 5UPPQTts the younger (hildren from the Ger Villa8e but al￿ the disadvantaged and vulneTable children in the I(￿￿1 aTea. To date, the day CdEe has nurtured aThl educated over l.¢XXI Childre￿ helping ￿tabliSh a strong ba* for futUTe learning. With the support of our ga*rcws sFx)n*>rs we continued to wpport thi]dren and their familie5 in the areas of education. health. and community development. 2021 Hi8hli8hts- Mongolia 3.f21-Total benefiaaries of CNCFs FdUcatI￿ Healthcare and Community Development PTO8rammes {includins emer8etKy relief): FAlucation: 1248 children weye supported through CNCF'S educalion programmes Health.. 939 Children and adults b•)efitted from CNCWS healthcare programme CoTnmunity: ￿ Children and adults were supported through CNCF'S community development progrnmmes 2021 AwATds and AckiimvledgJnaits- Monxoli CNCF Blue Skies Kindergarten Programrne Manager. Munkhtuya Ndmjildori and CNCF Mongolia Sp)rts Coach. Battul8a Nasankhuu. awarded the -Altan Gadas" medal. the fourth highest honour IRstowed by the President of Mongolia CNCF Child Protection and Community fkyelopn￿￿t Prograrnme Specialisl. Altanzul TwlevsureD. awarded Ilisins by the Family, Child and Youth tkvelopment Agency of Mongolia CNCF Blue Skies Ger Villase Social WoTker. Garthimeg tk)ripalam, awarded the-HonoTary Workerof the Social Welfare Sectorf by the Citys Administration CNCF Head Clinical Nurse. Dagvadulam Ishdoip awarded the "Honorary Woiker of the Healthcare Sector by the Ministry of Health CNCF Blue Skie5 Kindergarten Programme ManageT. Munkhtuya Namlildoii, awarded the Ylonorary WorkeroE the Sotial Welfare Sertoe by the knistry of Health General The Christina Noble Children's Foundation was estsblished in 1991 in Ho Chi Minh City. followed by the launch of Mongolia Operations Centre in Ulaanbaatar in 1997. CNCF is one the lon8est-seTving foreign NCOS in Vietnam and Mongolia. Since its inception the Foundation has established over proiecls acT05S Vietham and Mongolia, directly assisted almosi 4XI.LNXI d)ildren living in poverty and collectively be￿filed the lives of over I.(KKI,(W children and adult& Christina Noble Childrens Foundation Limited Trustees, Report We are very srateful for the ongoing support of the prnjecis by our major sponsors. We thank the Chillag Charitable Foundatiory the Banham Charitable F(Trundation. Nelumbo Stiftung Foundation, the Gemini Foundation. Jephcoti Charilable Trust, Byme Family and Team Oardaoty for their notable support. Public benefit The trustees confirn) that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public i*nefKt guidan￿ published by the Charity Commission for England and Wales. Use of volunteers From time to time the UK Offi￿ benefits from the kind contribution of volunteers for assistin8 with fLmdraising events. Achievements and perfonnan The Child Sponsorship Programrne continue5 to IE Suc￿sSEu1 in many areas, including seeing many of out children in both Vietnam and Mongolia goin8 on to college and university educatKon. enabling them io gain employmenl and e5caFe ihe rycle of poverty. In 2021 the UK Child Sponsorship Programme supported over children in Vietnam and Mongolia. In the opinion of the Trus*es the obi￿tIves0( the Charity have Iwi achieved this year and the Charity will continue to fijlfil the afoTementioned obFclive in the next financial ￿riod. Poli¢y on reserves It is the policy of the Charity to hold reserves in its Ceneral Fund that have not yet been committed or desiywted for any particular purpose. TheTrustees have set aside these reserve5 in Order to protect the ture operations ol the charitable company from the effects of any unforeseen variations in its income Streams as part of a poliry of gtx)d financial management praclice. The TTUStees have set the level of these reserves afieT undertakmg a thorough asses%nent of the Charity'5 need5 and they have agreed that this Should be maintained in excess of £IIM).(m. iyhith LS deemed sufficient to cover any continsent liab￿ltY arising as identified in note 16 to the financial statements. At 31 tknmber 2021 the amount of the reserves in the General Fund amounted to £149,P Investment policy and objeclives The Memorandum of Associatiorn signed on 17 January 1991 stales that the Company shall'invest the rnonie5 of the company not immediately required for its main obFct in such manner as maybe thought fit but so thai monies subFrt or represenling properly subFCt lo the Jurisdiction of the Charity Commission shall only k invested in such investments and with suth Sanction lif any) as may for ihe time being as presuibed by lalv . Christina Noble Childrens Foundation Limited Trustees. Report Aims and key objectives for future period5 The Chri51ina Noble thildren's F￿ndation intends to conlinue ils core work for which we have an unrivalled reputation havin8 re￿iVed numerou5 award5 over the years from LK*th the Vietnam and Mon801ia govemments. As previw51y *ated. due to diTroportionately rising costs in both Vtetnam and Mongolia and an increasingly difficult eLX)nomic dimate and the impacts of the COVID Pa￿lem]C we are restricted in nuM￿ff of new prcFcts we feel we can undertake in the immediate future. a5 one ofouT main priorities must ￿ to guarantee continuation ofexisting WOTks. The Christina Nik)le ￿ildren'S Foundation has a Presen￿ on scKial media sites Faceknk and Twitter and our main websits is www.cnd.o The Christina Noble Children's Foundation Finanoai risk Management and polities Objectives and yoliei The Charily'5 activitie5 expose it to a nthnter of financial risks induding credit risK forei￿ exchange risk and liquidity risk. Tr charity d(E5 nol use derivative finanoal i￿truMents. Credit risk Credit risk is maTwged by carrying out regular reconciliations ol funds received against those committed. Forei&1 exckaJJge risk The Charit￿S aclivities expose it to the finanaal risks of changes in foreign currew exdunge rates and interest rate5. useofderivatives to manage foreign exchange risk is not considered appropriate due to the size and nature of the dwrity's activilie4 the cosL and additional risk asSocia￿d with such pr(xlutt& Liqt¢idity risk In order to maintain liquidity to ensure thal 5ufficieni fun the financial statements do not accord with those records,. or the financial stalements do not comply with the accounting requirements of section 396 of the 2(M16 Act otl*r than any requirement that the fina￿la1 $￿ternents give a 'true and fair view which is not a malter considered as paTt of an indeFendeDI examination,. or 12 Christina Noble Childrens Foundation Limlted Independent Examiner's Report to the trustees of The Christina Noble Children's Foundation Limited > the financial statemenls have noi beet) prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reportingby tharities applicable to charities preparing their aeeounts in accordance with the Financial Reportins Standard applicable in the UK and Republic of IrelarKI IFRS 102). J 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 Fmancial Statements to be reached. Russell Joseph ACA Boumer Bullock Chartered Accountants 114 St Martin'5 Lane Covent Garden London WC2N 4BE Date.. 2910912022 J3 Christina Noble Childrens Foundation Limxted Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unregtri(ted funds RestriLted funds Tolal 2021 Tolal 2020 Income and Endowments from: Donations and Jegaaes Other trading aciivities InVesth￿￿t income 1482 .778 423,513 3fA) Tolal Income 148.685 s￿.778 424,869 Expenditure on: Roising Eund5 Charitable activities 14,3K21 (43K2) 13,fA)5) (531547> (535,1521 IS)5,203} (X15.203) (588,083) (592,4&51 Total Expthditu Transfers (87.262) 11.614) 1,614 Net movement in funds 47,189 i(￿.998 (110283) R¢coneiliation of fund& Total funds brought forward Total funds fdrried forward b9,983 114,022 204.(JJ5 314,288 16 149,792 161211 311.(M)3 204.(X)5 All of the Charity's aclivities derive from continuing operntio The furKls breakdown for 2(r21 is shown in nole l& 14 Christina Noble Childrens Foundation Limited (Registration number. 02680268) Balance Sheet as at 31 December 2021 2021 2020 Note Current assets Debtor5 12 46,322 315.365 371.687 52,017 205,408 257,425 Cash at bank 13 Creditors: Amounls failins due within one year Net current assets 14 l(A),6841 153.4201 311.(X)3 204.(X)5 Net assets 311.(X)3 204.W5 Ftsnds of the Charity Unrestricted income funds 16 149.rn 161.211 311.(M)3 89.9pa 114.022 21M,(K)5 Resiricted income funds 16 Total fuDd5 The note5 at pages 17 to 27 forni parl of these financial slalements. For the finanaal year ended 31 DecemEer 2021. the chaTity was entitled to exempti¢)n from audit under Section 477 of the Companies Act 2(M)6 Telating to small companies. The members have not required the eharity lo obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with ihe requirement5 of the Act with respect to accounting records and the preparatim of accounts. The finJnaal statements on pages 14 to 27 of the report have Feen PTepared in accordan￿ with the provssions applicable to companies subject to the small companies. regime. The linancial 5tatemenls were approved by the trustees, and authorised for issueon and si￿ed on iheir behalf by.. S Bannerton Trustee Date 15 Chrislina Noble Childrens Foundation Limited Statement of Cash Flows for the year ended 31 December 2021 Note 21121 202 Nel cash provided byl(used in) OFerating artivitiEs 18 120569 (109.942) Cash flow5 provided by investing activilies Interest received Net cash provided by investing acltvities 45 45 120,614 In¢reasel(decrease) in cash 1109.1161 Cash and cash equivalents at the beginning of the year 205.408 314,229 ange in cash due to exchange moyemenls 1657) 295 Cash and cash equivalents at the end of the year 325.365 205,408 16 Christina Noble Childrens Foundation Limited Notes to the Finanaal Statements for the Year Ended 31 December 2021 l Accountin8 polioes Summary 0£ 5ignifirant arcounting poIicies and key accounting estimates The prinapal accounting Fx>lieies applied in the preparats.on of these financial statements are set out low. These policies have been consislenily applied to all the years presented, utdess otherwise staled. Basis of preparation The finanaal statements have been prepared in accordance with Accounling and Reporting by Charities.. Statement of Recommended Praclice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and RepubIic of Ireland IFRS 1021 {effective I January 20191- {Charities SORP IFRS 10211, the Financial Reportins Standard applicable in the UK and Republic of Ireland (FRS 1021 and the CQJDpanies Art 21YJ6. The Christina Noble Children's Foundation meets the def￿itIon of a public Eenefit entity under FRS 102. Assets and liabilities aTe initially recosrnsed at historical cost or transaction value unle55 Otherwise stated in the relevant accounting poliry notes. Going concern The trustees consider ihere are no material uncertainties about the Foundation's ability to continue as going concern. The review of our financial position. Teserves levels and future plans gives trustees confidence the charity remains a going concern for ihe foreseeable future. Voluntary income Donations Donation5 are recognised on a receivable basis when Teceipt is Probable arml the amount can be Teliably measured. Legacies Legaaes are recosnised at the earlier of the date on whith either. the charity is aware that probate has i*en granted. the estate has been finalised and notification has E*en made by the executorlsl to the Foundation that a distribution wi]] ￿ made. or when a distribution is received from the estate. Receipt of a le8acy. in whole or in part. is only considered probable when the amount can ￿ rneasured reliably and the charity has ￿en notilied of the eXe￿torS intenlion to make a distribution. Where legacies have en notified to the charity or the charity is aware of the 8rantin8 OF probate. arml the criteria for income reCO￿ltiOn have not been meL then the legary is treated as a contingent asset and dlxlosed if material. Donated services and Eacilities Donated professional services and donated facilitie5 are recognised as income ivhen the d)arity has control over the item, any condition5 a550ciated with the donated item have b*n met. the reTript of economic ￿nefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. kn aCcOrdar￿ with the Charities SORP {FRS 1021. general volunteer time is not recogni5ed. On ￿elPt, donated professional service5 arhd donated facilitt.es are reco8nised on the basis of the i'alue of the giEt to the chartty ivhith is the amount the charity would have Eeen ivilling to pay to obtain services or facilities of equivalent economic benefil on the open market,. a Co￿eSpOndIng amoiint is then recognised in expenditure in the period of receipt. 17 Cluistina Noble Childrens Foundation Limited Notes to the Financial Statements Eor the Year Ended 31 December 2021 Govemmenl granls Grants Telabmg to income are reCw1￿ in on a syslemalic basis over peri(th in which the diarity reco8nises the related costs for which the grant is intended to (ompensate. A grant thai tecomes T￿]Vable a5 comperLsation for eX￿nSeS or losses already In￿rTed or for the purpo* of givins immediate financial supporl lo the charity with no future related costsshall be recognised in otheri￿ome in ￿ periixi in which At Lw>mes rLYeivabJo Expenditure All expenditure is recognised On￿ there i5 a legal or constructive obligation to that expenditure, it is probable setilement is required and ihe amount can ￿ Th￿aSured reliably. All costs are allocated to the applicable eX￿nditUTe heading thal awegate similaT costs to that calegory. Where c0515 cannot be directly altributed to particular headings Ihey have been allocated on a basis consistent with the use of lE￿urceS. with cenlral staff cost5 all(xated on the basis of lime SFent, and depreLiation charges all￿ated on the portion of the assevs use. Trher SUPFOrt costs aTe allocated based on the spread of stsff costs. Raising fllnds These are costs incurred in attraL*ing voluntary income. the manasemeni d investment5 and Ih05e incurred in trading artivities that rdi5e Charitable activities Charitable expenditu￿ comprises those c(6ts incurred by the ChaTity in delivery of its artivities and service5 for its i￿Clarie￿ It includes costs that (>n be all￿ated diyettly to such aclivities and tliose costs of an indired nature necessary to support them. Grant Provisions Provisions for grants are made when intenlion to make a grnnl ha5 iEen Communicat￿ to the recipient but there is untrrtainly alK)ut either the twiins of the grant or the amount of grant payable. Support costs 5upporl costs include LEnlral funclions and have been all(Kated to actrvity cosl categories on a basis consistent with the use of re￿￿r(￿s for example, allocating proFerly costs by flwr areas. or per capita. Staff costs by the lime stenl aTKI ot￿r cosls by their usa8e. Governance costs These indude the costs atlribulable lo tl* (Jarity's cornplian￿ with constitutional and statutory requirements induding audit. stratsgic managetnent and Trustee's meetings and reimbuTsed expenses. Taxati The Charily is considered to pa55 the tests Set out in Paragraph I Schedule 6 of the Finan￿ Act 2010 and therefore it meets the definition of 3 d￿ritsbIe company foT UK corporation tax purp)se& Accordingly, the Charity is polentially exempt fvom laxalion in respert of income or eapital gains Teceived within categories covered by Chapier 3 Part 11 of the Corp)ration Tax Acl 2010 or Sertion of theTaxation of Chargeable Gains Act 1991 to the extent that wch income or gains are applied exclusively to duritable PUTpose& 18 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2021 Finanaal instrumtnts The Charity only has financial a55ets and financial liabilitie5 of a kind that qualify as basic financial instruments. Basic finanaal instruments ate initially recogn[￿ at transaction value and subsequently measured at their settlement value. Deblor5 Trade and other debtors are recognised at the 5ettlemenl amount due after any trade discount offered. Prepayments are valued ai the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and rash equivalents comprise cash on hand and call deEK>sits. and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are subFct to an insignificant risk of thange in value. Creditors Creditors and provisions are recognised iyhere the chaTity has a present obligation re5uliing from a past event that will probably result in the iransfer of funds lo a third party and the amount due to settle the obligation can Ee measured or estimated reliably. Credstors and provisions are normally recognised at their settlement amounl after allowing for any trade discounts due. Foreign exchange Transactions in foreign currencies are recorded at the rate of exthange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencie5 at the balance sheet date are reported at the rate5 of exthange prevailing ai thai dato Fund accoynting Unrestricted income funds are general fund5 that ate available for ll￿ at the trust*'s discretion in furtherance of the objectives of the Charity. Restricted income funds are those donated for use in a particular area or for $￿C[fiC purposes. the use of which is restricted to that area or PUTpose. All restricted Eund5 are used for the purpose5 of the projects in Mongolia and Vietham as set out in the Trustees. Report. Judgements and estimates The PTepaTation of the financial statements require5 management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheei date and the amounts reported for incoming resources and expendituIe during the yeaE. However, the nature of e5timalion means that actual outcomes could differ from those estimates. tn the trusteeg opinion. there are no signifiGint judgements or key estimation uncertainlie 19 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2021 3 Charity straths The Charity is a Charity limited by gllaTrn￿e and cons-equenily d(*s noi have share capital. Eath of the trust*s is liable to cOntri￿le an amount not exceediDg £1 towards the as*ts of ihe Charity in evenl of liquidalion. 4 Income from donati1￿5 ana iesaaes UnrntriLted RestiiLted fund5 Totsl 2021 Total 2020 Grants and donations 66ffi7 33,878 59),T/8 617,445 388,IVM Legaoes Gift old redaimed Other income 31,369 4,050 423,513 6.&)7 148,2 59J,778 5 Investment income Unrestrirted Funds Total Totsl 2020 Interesl receivable on bank deposit Foreign exthange gains 45 45 45 45 1,356 Christina Noble Childrens Foundation Limited Notes to the Finanaal Statements for the Year Ended 31 December 2021 6 Expertditu￿ on raising funds UnrestrACted Funds General Restricted Funds Total 2021 Totsl 2020 Fundraising Wages and salaries 567 3.815 4.382 567 3.815 4,382 3,161 3,605 7 Expenditure on charitable adivities Relief of poverty in Monsolia Relief of poverty in Vietnam Total 2021: Grant Eunding aclivities General funding activitie5 Directly allocated costs Wa8es and salaries Allocated support costs (see note 165.524 286,292 451.816 11.626 28,758 61,229 28.758 71855 57,516 7.11 Allocated governan￿ costs (see note 7.1) Totsl 2,948 2,948 5,896 208,856 379.227 588,083 Relief of poverty in Mongolia Relief of poverty in Vxetn4m Tolal 2020.. Grant funding activitie5 General funding activities Directly allocated costs Wages and 5alarie5 All￿ated support costs (see note 7.1} Allocated governance costs (see note 7.1) Total 216.&31 1.179 155.626 7.768 372.257 8.947 27,664 32,145 2,1(MJ 279,719 54,189 32,145 2,ILX) 251,S28 81,853 64.2￿Tr 4,21)0 531,547 21 Christina Noble Childrens Foundation Limited Notes to Ihe Flnancial Statements for the Year Ended 31 December 2021 7.1 Analysis of governance and support costs Sllpport Govern•nce Total 2021 Rent5 It IMI rates Wli ges and salaries ITexFn Eli£ nk charges Other oflice exten Accountancy and Independenl exarnit*ts fees Total 11,088 31641 3J44 1.752 8,691 11,088 31641 1.752 8.691 5.896 57516 &3,412 Support Govern•nee Totsl Rents arKI rates Wages and salarie5 IT expenses Bank charge5 Other Ofli￿ expenses Accovntancy and Independent examiners ftrs Total 16.139 27.834 1.916 2,261 16.140 16.139 27,834 1.916 2.261 16,140 42(Xl 42(Ml 64.2 4,21Kl 68,4 Net incominpjoutgoing resollrces Net outsoing tesources for the year include 2021 20211 Accounlanry f￿S Independent knminerfs fees 3.120 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2021 9 Tntstees remuneration and expenses No trustees have received any remuneration from the charity during current or previous year. No trustee5 have received any reimbursed expens￿ or any other benefits from the tharity during the current or previous year. 10 Staff costs During the yeaT. the average monthly headcount employed by the Charity wa5 4 (2020: 41. The aggregate payroll costs were a5 lollow 2021 2020 Staff costs durin8 the year were: Wages and salaries 109.312 112.848 Contribulions to the employee pension schemes (or the year totaled Q97012020- Q9701. No employee received emoluments of more than th).IXKI durins the year. or in the p￿louS year. 11 Taxalion No tax was char8ed in the year (2020- £ni]). 12 Debtors 2021 2020 Sundry debtors 46,322 52,017 13 Cash and Cash equivalenls 2021 2020 Balances held by the charity that are not available for use by the charity 5.985 An amount of £5.985 (2020.. £8831 is held on behalf of The Christina Noble Children's Foundation Group and the branch in Dubai representin8 the funds held io cover global expenses. Christina Noble Childrens Foundation Limited Notes to the Finantial Statements for the Yeaz Ended 31 December 2021 14 Credilor&' amounts hllins due within one year 2021 2020 GTant commitments ial security and other taxes Other CTeditOTS Accruals 36,421 912 13,856 9.495 ).716 913 17.591 53.420 Corttingent liabilities Grant commitments.. Where a dontsr￿a￿ tomakedoDatson5 in li￿ with ihe child sponyTrrship progratnme. the Charity agree5 to continue pioviding funding for that thild for three Tnonths after the donations ￿￿se. Monthly Eyayments are US$36 per thild and so the maximum conlingent liability is US$108 per child at any siven time. A5 al the year end. there were 305 Children 1202fr. 2961 enrolled into the Child Sponsorship progTarnme. 24 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2021 16 Funds Balance at l January 2021 Incomin8 resouTce5 Resources expended Transfers Balance at 31 December 2021 Unre5trirted funds Uiirestrirteds￿￿d1fi1ttds Unrestricted income fund Restricted funds Mongolia Eund Vietham ￿nd General UK ￿nd 89.983 148,685 (87.262) 11,6141 149,792 33,611 154.976 383N2 115QJ 1179.461) 1286,2921 <39.4￿1) 9,126 99.510 52,574 1.614 79524 Total funds 204.(NJ5 699,4&3 15914651 311,003 Balante at l January 2020 Incoming resources Resources expended Transfers Balante at 31 December 2020 Unrestsicted funds UrtrestwtedgeNeralfwuts Unrestricted income fund Restrided funds Mongolia fund Vietnam ￿nd General UK hand Total Restricted income fund 158,362 94,516 1162.8951 89,983 36.715 39.681 79,524 IS5.￿6 213,527 116.826 1216,&111 (155.626) 33,611 887 79,524 114.022 330J53 1371257) To￿1 funds 314,288 424.869 535,152 204,IJJ5 The specific purposes for which the funds are to be applied are a5 follows.. The restricted fund is held to fund the activities of the proFCts in Mongolia and Vietham. as disc105ed in the Trustees. Report. The General UK restricted fund is held to help fund general UK operating costs and salary costs. Christina Noble Childrens Foundation Limited Notes to the Finanaal Statements for the Year Ended 31 December 2021 17 Analysis of net a&sets between funds Unrestiirted funds Restricted funds Current assets Curreni liabililies Tolal net assets 174.1L56 124.264) 149,792 197,&31 36.420) 161,211 371.687 1ÉO,6841 311,003 18 Reconciliation of net incomellexpendihKre) to net cash flow from opernting adivitie5 2021 2020 Net incomellexFaitUTel for the yeaT Adjustments for. tnterest from investments Exdiange differen￿$ tknease in debtors Increase in (￿litorS Net cash provided by cperating activities l(K>,998 (110283) (45) 657 5,695 7.264 120569 (826) 12951 540 22 109.942 19 Related party transartion5 During the year the Charity made the following Ye141ted paty traTLsactions: Truslees Awegate donatio￿$ received from theTTUStees for thild 5ponsor5hip programmes tolaled a,52412020: £2,711). Ai the balan￿ sh&1 date fv amount due from the Trustees was £nil (2020- ENill. During the year, Mr S BannertTri donated restricted to the c￿T￿ts1 UK ￿nd During the year. Mrs S Bannerton (wife of Mr S Bannerton who is a Trn51￿) received remunetation for administrative servi￿ to the charity totaling a0.(￿(21120: £13.2(p)). 26 Christina Noble Childrens Foundation Limited Notes to the Finanaal Statements for the Year Ended 31 December 2021 20 Obligations under leases Operating leases 20 2020 The totsl of fvture minimum lease payments is a5 follows: Not later than one year 7,7LK) 7,7 Total 7,7LK) 7,7 Amounts reco￿lSed as an operating lease expense during the year total £11,088 (2020: £16,139) of which £nil12020: £3,465) relates to the Dubai branth. All of the fu￿re lease minimum payments shown above relate to the rent payable for the head Offi￿ in the UK. 27