Company re8lStration Thumber., 02680268 Charity registration number, JQ)7484 Christina Noble Childrens Foundation Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 De￿rnber 2022 Christina Noble Childrens Foundation Limited Contenls Referen￿ and Administrative Details.......-...................................................................................... Trustees. Report...................... . Statement of Trustees, Responsibilities................................ ....-.-......................... ......................... 13 Independent Examiner's Report....................................................... . 14-15 Statement of Financial Activities.. .. .. .2-12 .16 Balan￿ Sheet...................................................................................................................................... 17 Statementof Cash Flows.......................................... .18 Notes to the Financial Statements...... . .. . 19-29 Christina Noble Childrens Foundation LimAted Reference and Administrative Details Directors and Trustees: T Ward {Chairl K Creer B 08more S Bannerton K Poc(Kk Company Secretaw. S Bannerton Registered Offlce.. 38 Deodar Road London England SW15 2NN Company Registration Number. 02680268 Charity Resistsa¢ion NurnbeT.' 1007484 Independent Examiner. Russell J()seph ACA Buurner BLEllock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE W¢bsite.' www.cncl.or8 Christlna Noble Childrens Foundation Limited Trustees, Report The trustees are pleased tth present their annual dirertors. report together with the financial statements ol the Christina Noble Childrens Foundation Limited (the "Charity" or the "Company") for the year ending 31 December 2022 which are alsu ptppared to meet the ¥equirements for a directors. rewrt and accounts for Cvmpanies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the MemL)randum and Articles of Association, Accounting bnd Reporting by Charities: Statement ol Recommended Practice applicable to the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leFfe¢tive I january 2019}- (Charities SORP IFRS10211, and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. Director and Trnstees The directors of The Company, who are its trustees lor the purpose of charity law, present the annual report of the charitable company lor the year ended 31 De￿rnber 2022 The trustees and officers serving during the year and SLtbsequent to year-end were as follows.. T Ward (Chair) K Greer B O&more S Bannerton K Pucoek Company Seard Directors to a5SlSt with adaptation and building resilience for the future of CNCF and the invaluable contribution it makes in supportin8 our project countries who provide humanitarian services to some ol t)ur world's mast vulnerable eliildren at very high risk of exploitation and abuse in Asia. ORGANISATION INFORMATION MISSION STATEMENT: The Christina Noble Children's Foundation is dedicated to serving the physical, medical. educational and emotional needs of vulnerable children. We believe that every child doserves lave, ￿Pect and freedom from all forms of exploitation. We establish long-tern) relationships with the children we support and empower them to live happy, emotionally rich, and independent lives. GEOGRAPHICAL AREA SEiiVED In Vietnam CNCF curttrttly works in 12 districts of Ho Chi Minh City and rtine surroundins Provin￿ in South Vietnam. and in the c()untry's Central Provinces due to the persistent and profound need lor its Servi￿ in the country. In Mongolia we work in the nine districts of Ulaanbastar Capital City, Erdenet City, Darkhan City, and four Surrounding provin￿. As part ol CNCF'S 5-year strategic plan, and in alignment with the Vietnamese and Mongolian Government'b National Target Pr4)gramme. CNCF aims tv utilise its unique 34 years of grassr¢)ots humanitarian experience and expand its reach to supporting MO￿ migrant. ethnic minority. nomadit communitles and general rural communities where poverty is Still prevalent, including those wkth disabilities. Mos¢ il not all, ol these communities are l)eld back Iroin devel()pment by factors Including geograph¥cal isolatiow limited healthcare, tnarket a￿$$, sothal exclusion, low rates of out- migration and a{￿5$ to education. The Christina Noble Childrens Foundation Limited Trustees, Report Ethnic minorities consist 0116.9% of Vietnam's population but account for 95% of the extreme poor, living with I￿$ than $1.9 USD per person per day. Mongolicl has nomadic herding communities living in remote areas, These communities lace daily challenges related to limited aC￿sS to education, healthcare, and infrastructure due to their mobile lifestyle and geographic isolatLOn, liviftg with less than $1.8 USD per person per day. They all faced multiple poverty related challenges even before the new complextties brought on by the pandemic. Supportins these tar8et communities directly aligns with CNCF'S mission to protect and emp(Trwer the country's m05t vulnerable children and communities, ensuring we are working to actrlieve ￿Kial inclusion and equality for all. ORGANKSATIONAL BACKGROUND & STRATEGIES & OBJEcfIvES CNCF mitigates poverty and haidship by offerins essential, grassroots humanitarian servites to communities in Vietnam and Mongolia. These societies have been profoundly impacted by extensive periods of poverty and the enduring effects of war. In the past 34 years, CNCF'S humanitarian endeavour5 have positively irnpacted the lives ()f over one million children. We continue to partner with some of the world'5 most disadvantag￿ communities Su5￿Pt1b]e to all forms of exploitatiorn includiJ)g young individuals with disabilities residing in remote areas. Now a third generatioji family foundation. CNCF is currently supported and led by Vietnamese and Mon8g1ian community leaders, some of whom were benefiriaries of the Foundation durin8 their Dwn difflcult childho(Kls. Christina and her Foundation's c()rktinuous efforts to raise awareness about the plight of children in need, remain key in spurring social change and reform in Vietnam and Mongolia, and have concurrently infltJen¢ed shifts in government attitudes. To maintain its relevance bn our rapidly evolving world. CNCF is commktted to adaptin8 and progressing. As part ol our Eive-year strategic plan, we aim to leverage the Foundation's 3-plus decades of gra55Toots impact to propel our future endeavours. We acknowledge the fast-pa￿d transformations around us and understand the need to embrace change and innovation to continue making a sustoinable differen￿. By proaclively adaptins to emersin8 trends, fundin8 mode15, arld technolosies, CNCF is poised to remain a leader in the eharity seclor. Therefore. addressing new ehallenges for the cotnmunities we serve and drivin8 a positive imP<)Ct in the forthcomin8 yert to vhsually impaired and disabled children on the Vietnamlcambodian border. Christlna Noble Fulbright Scholarship.. A partnership programme with globally renowt)ed. Fulbright Unlverslty- This programme supports underprivileged Vietnamese students with stipend support and helps to brtdge the skills gap in the country. Noble F¢llowship Programme: A fellowship connecting tertiary students Wlth prolegsionals to build key skills and enhance employability prospects. Hollstic Child Development Programme: A holistic self.development programme incorporating arts, sports, music and mindfulness activities to assist vulnerable children in cultivating confidence and essenlial life skills. Famlly Emergency Assi$t¥nc¢ Pro8ramJne: A support System providin8 immediate assLStartce to families in crisis. MedAtal Assxstante Programmw. Providing crucial financial assistance for surgery and medscal treatments, and post-operative care and follow-up services to financially challenged families living in poverty. Capital Assistance Pro8ramme- A tommunity development programme aimed at creating sustainable futures thrvugh infrastructure development, water sanitation. low- interest loan5, and training. Mon801ia Prosrammes.. Blue Skies Ger Village: A sale and nurturing home lor orphaned, abanlloned and disadvantaged vulnerable children sufferin8 (rom acute trauma, providing psychosocial care, education, and a supportive community. He4lih¢are Prosramme: Providing medical support to communities in dire need. Arts & Music Programme: A Creative platform encouraging chlldren's artistic and musical abilities. Sports Progrdmme. A wellness initiative promoting physical health and teamwork through sports. Blue Skies Kindergarten: An early learning Cent￿ providÈng quality care and education to underprivileged children. Rehabilitation Centre for Youth Education PTosr¥rnme (formerly known a5 The Boys, Prison).. A prosramme designed to reintegrate rehabilitated youth who have commltted crime$ into society through comprehensive education and training. Give-A￿er Programme: A hou5ins initiative supporting families struggling with extreme poverty. BayART4i Pilol Prosramme: A ground breaking tnental health initiative deploying innovative approaches for chilLtren s srowth and well-being. The Christina Noble Children$ Foundation Limited Trnstees, Report Sub Pilot Programme: Sexual Health and Reprodu¢tivt Eduralion for Adolescents: An educational initiative focusing on providing vitsl sexual and reproductive health knowledge for adoleS￿ntS. Future Psycholosi5t Fellowship: A fellowship prosramrne cultivatins aspiring psychologists through mentoring and resource provision. Programmes Which Operate in Both Vietnam and Mongolia: Child Sponsorship Programme ICSPI: A support programme providins financtal and social aid to impoverithed children and families, enabling them to PLtisue education and development opportunities. Medical Exthange Prosramme IMEPI.. An exchange prosramme lfttroducing world- class sur8ical medical expertise to Vietnam atld Mc>ngolia to enhaTh￿ healthcare quality. Christina Noble Scholarship Programme.. An educational fund that supw)rts the fees of meritoriaus Students from disadvantaged backgrounds and provides self- development services. These tsbjectives are achieved through lundraising lrtitiatives and a Child Sponsorship scheme adminastered in the UK and our as￿lated intemalional lundraisins offices in Hong Kon& Australia, Fran￿, Ireland, New Zealand (managed by our Australian Offi￿), USA, and Italy. Total Beneficiary Impadg 2022 23,860.. Children and adults weTe impacted by CNCF'S Educatii)n, Healthcare and Community Development prosramtnes. Education: 2,505 children were suppurled thrtsugh CNCF'S education programmes Health: 1180 children and adults were supported through CNCF's Healthcare programme Community: 19,175 children and adults were supported through CNCF's community development pro8rammes AWARDS & RECOGNITIONS Christina Noble OBE, and the Foundation globally have re￿iVed well over 200 humanitarian and achievement awards for their wurk on behalf of children's rights.. Among these, Christina was rec(Trgnised by Time magazine aè one (Il the -most Inspiring Herues of our World,, and awarded the prestigious Albert Sthweitzer Humanitarian Award. Christina is als() the recipient ol The Order of Frsendship Medal from both Guvemments of Vietnam and Mongolia for her vutstanding work for and ()n behalf of the people ol those Countries, this being the highest Honour given to foreigners. CNCF Chief Ex￿UtIVe Officer. Helenita Chii5lina Noble. was awarded the Member of the Most Excellent Order of the British Empire {MBEI in Her Majesty's Honours libt 2￿22 for her servhces to charity in Vietnam and Mongolia. The MBE recognises outstanding achievements or servÉces to the community which have hbd a long-terrn, significant, and positive impact. The Christina Noble Childrens Foundation Limited Trustees, Report 2022 Awards and Acknowledgments- Mongolia and Vietnam CNCF'S Blue Skies Ger Village awarded as one of the recipients of Best Organisation ol The Year 2022 from ihe City N(ayor of Ulaanbaatar, Mongolia CNCF awarded 3rd place lor Enviry)nmental Award Best Enterprise and Organisation 'Our Khoro(TrMy Street-2022 Campaign" of the City Governor s Office Certificdte of MeriL' awarded from t.he People's Committee ol Don8 Nai Province to Christina Noble Children'5 Foundation fur excellent achievements in childcare, education and protection Certificate of Merit from the People's Committee of Don8 Nai Province to Ms Tran Thi Ngoc Thuy Ilormer CNCF Vietnam Country Director) for the e%￿lIent achievements in child care, education and protection Recognition Award from Uni()n Friendship of Dong Nai Province to Christina Noble Children's Foundation for the p05jtive contributions in inteYnatLonal non-gov¢mmental activities in Dong Nai Provin 2022 Team AwaTd&' Altantuul Erdenebile& CNCF Care siver, For Kids Medal from Family, Child and Youth Development Agency Altanzul Tsedevsuren, CNCF Programme offi￿r, Honorary award from Ministry of social and Welfare Amarjar8al Bor, CNCF Director ol operatt0￿, Honorary award (rom Ministry of knral and Wellare Battulga Na.￿nk￿uu. CNCF Sports Coach. Honorary worker aw8rd from Ministry ol Sports Bayanzul Nambuu. Honorary wcbrker award from CNCF Ministry of Social and Welfare Bayaraa Munguntsetses, CNCF Driver. award from Ministry of road and transport Binderiya Batjargal, CNCF HR Manager, Honorary award from Ministry of Social and Welfare Bolorthuluun Gantumur. CNCF Psychologist, Honorary award from the Ministry of Education and Scien Dashtsercv Nojin, CNCF Care gtver. Rising star awarded from Family, Child and Youth Development Agency Davaasuren Tserennorov, CNCF Kindergarten Teather, Honoriiry worker award Irom the Ministry ol Social and Welfare Dulguun ErdÈnezorisL Psytholosist, Rising star from Family awarded by Child and Youth Development Agency Enkhbayar Dondov, CNCF Guard, Honorary aw2, state5 that the Company shall -invest the monies of the company not immediately required for its main object in such mannor as maybe thought lit but SO that monie5 Subject or representing property subject to the juri9Jiclion al the Charity Commission shall only be invested in such investments and with such sanctÉ(m lif artyl as may for the lime bein8 as prescribed by law" Alms and key oblectlves for future peaods CNCF intends to continue its core work for which we have an unrivalled reputation having re￿IVed numerous awards over the years from b()th ihe Vietnam and Mongolia governments. As previously stated, due to disproportionately rising cost5 in knth Vietnam and Mongolia and an increasingly dillicult economjc climate we are restricted Èn the number of new proFcts we feel we can undertake in the immediate future, as one of our main pri¢)rities must be to guarantee continuation ol existing work5. However, as part of our strategic 5 year plan CNcf is sreatly developins and expanding its partnership and collaborations with other NGO'S, esteemed Educational and Medical institutes and Advocacy and Policy Organisations. CNCF has a presence on social media site5, Linkedln, FacebooK Instagram and Twitterand website www.cncf.org. The Chrisiina Noble Childrens Foundalion Limtted Trustees, Report FinaDcAal risk manogejnent and policies Objertives policies The Charity's activities expose it to a number of financlal risks includin8 credit risk, foreign exchange risk and liquidity risk. The charity does not use derivative financial instruments. Credit risk Credit risk is managed by carrying out regular reconciliations of funds received against those committsd. Forei*1 ¢xchAnge risk The Charity's activities expose it to the financial risks of changes in foreign currency exchange rates and interest rates. The use of derivatives to manage foreign exchange risk is not considered appropriote due to the size and nature of the charity's activitie* the cost, and the additional risk associated with such Pr￿aU(t5. Liq#idity risk In order t¢) maintain liquidity to cnsure thit sufficient lunds are available for ongoing operations and futu￿ developments, the Charity holds its funds in short term deposit accounts. Further details regarding liquidity risk can be found in the accounting policies in the financial statomenls. 12 Christina Noble Childrens Foundation Limited Statement of Trustees, Responsibilities The trustees (who are also directors of Christina Noble Childrens Foundation Limited for the purposes of company lawl are responsible for preparing the Annual Report and the financial ststements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financlal year. Under that law the trustee5 must prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standard5 and applirable 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 incomiftg resources and application ol resources, including the income aiid expenditure, of the charitable company lor that ￿riod. In preparing these financial statements, the trustees are Yequired to: select suitable accountin8 policies and then apply them consisteDtIy,' observe the methods and principles in the Charities SORP,. make judgments and attounting estiJn&tes tliat are reasonable and prudent,. stste whether applicable UK Accountiz)g Standards hav@ been followed, subject to any material departure5 di￿losed and explained in the financial statements. and prepare the finaftcial statements on the going concern basis tjnless it is Inappropriate to presume that the tharitable company WEII continue to operate. The trustees are responsible for keepins adequate accounting records that are suffLCLent 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 ihe as5et5 01 the company and hence lor taking reasonable steps For the prevention and detection ol fraud and other irregularities. The financial statements on pages 16 to 29 01 the rewirt have been prepared in accordance with the provisi()ns applicable ro c()mpanies subject to the small companieg re8ime. Approved by the Board and signed on its behalf by". S Bannerton Trustee Date.. 26 September 2023 13 ChrA$tina Noble Childrens Foundation Limited Independent Examiner's Report to the trustees of The Christina Noble Childrens Foundation Limited I report to the trustees (who are also Directors for the purpose of c￿mpanY lawl on rny examination of the financial staternents of Christina Noble Childrens foundation Limited {'the charitable c(Trmpany') for the year endÈd 31 De￿mber 2022 which comprise the Statement of Financial Activities, the Balan￿ Sheet and related notes. This report is made solely tts the charity'5 trusteE5, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken 50 that I misht state to the ctrtarity's trustees those rnatter5 1 am required to state to them in this report and lor no other purpose. To the fullest extent permitted by law. I do not ar￿pt or assume responsibiljty lo anyone other than the charity and the harity's trustees as a bodyi for my work, for this report, or for the opinions I have lomied. Re5pon$ibllitie$ and b¥si$ of report A5 the trustees of charitable company you are Jrsponsible for the preparation of the financ5al statemet)ts in ftccordan￿ with the requirements of the C()mpanies Act 20061'the 2(K)6 Act'l. H3vins satisfied myself that the linanci&l statements of the charitablo eompany are not required to be audited under Part 16 of the Act and are eligible for independent examination. I report in respect of my examination of the d)aritable company's financLO1 statements carried OLtt under section 145 of the Cl)arities Act 2011 1.the 2011 Act'l and in carrying out my examination I have foll(Fwed all the applicable Directions given by the Charity Commissaon under *ction 14515llbl of the 2011 Act. An independent examination docs not Involve gathering all the eviden￿ that would be required in n audit and consequently does not cover all the matters that an auditor considers in 8jVtng their opinion on the financial statements. The planning and conduct ol an audit 8(￿$ teyond the limited assuranee that an independent examination can provide. Consequently, l express no opinion as to whether the financial statoments preseiit a 'true and fail view and my report is limited to khose specific matters set (Nt in the independent examinerfs statement Independent examitter's statemettt Since the charitable company's sross inrome exceeded £250.000 yuur exajnijier Inu51 be a i))ember of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to tsndertake the examination because l am a member of ICAEW, which is one of the It5ted bodies. I have eompleted my examination. I conlirm that no material matters have COTne to my attention In connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the tharitable company as required by wlion 3B6 01 the 21X)6 Act,. or the fiiiancial statemcnts do not accord with thcise ￿COrdS,. or the financial statements do nnl comply with the £counlin8 requiremen15 of section 396 01 the 2006 Act other than any requireTnent that the financial statements give a 'tnJe and fair view which ts not a matter considered as parl of an independent exarnin&tion,' or 14 Christlna Noble Childrens Foundation Limited Independent Examiner's Report to the trnstees of The Christina Noble Childrens Foundation Limited the financial 5latements have not been prepared in accordance with the methods and principles ol the Statement of Recommended Praciice for accounting and reporting by charities applicable to charities preparing their account5 in accordan￿ with the Financial Reporting Stsftdard applicable in the UK and Republic of Ireland IFRS 102). I have no concemg and have come across no other matters in connection with the examination to which attent20n sliould be drawn in this report in order to enable a proper understanding of the financial statements to be Teaehed. Russell Joseph ACA Bourner Bullock Chartered Acc¢)untantS 114 St Martin's Lane Covent Garde London WC2N 4BE Date.. 26.09.2023 15 Chriytina Noble Chtldrens Foundation Limited Statemenl of Financial Activities lor the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Tolal Reeognised Gains and Losses Unrestricted funds Re$tricted ttd$ Total 2022 Total 2021 Note Income and Endowmenls Donations and legacies Other trading Ctivities Investment income 145,075 407.706 551781 699,058 32.210 360 4.148 4,148 45 T()tal Inc(ime 181.L33 407,706 ,589.139 699,463 Expertditure on: Raisins funds Charitable and the amount can be reliably tneasured. Legacles tkgacies are recognised at the earlier of the date on which either.. the eharity 15 aware that probate has been sranted, the estate ha8 been linalised and notilieation has been made by the executor(sl to ttie Foundation that a distribution will be made, or when a distribution 15 r￿e1ved from the estate. Re￿Ipt of a legacy, in whole or in part, is only tungidered probable when the amount can be measured reliably and the ch1£ rity hc purpose5, the use ol whAch is restricted to that area or purp(>se. All restricted funds are used for the purposes ol the projects in Mon801ia and Vietnam as set out in the TrLEStee5' Report. 2 Judgement8 and estimates The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities a5 at the balan￿ sheet date and the amounts reported for incomtng ￿SOurceS and expendilure during the year. However, the nature of estimation means that actual outcomes could differ En)m those estimotes. In the trnstees. ()pinion, there are no significant judgements or key estimat50n uncertointies, 3 Charity Status The Charity is a Charity limited by guarantee and conseqLiently does not have shale capital. Each of the trustees is liable to contribute an amount not exceeding £1 t()wards the assets of the Charity in the event of liquidation. 21 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2022 4 Incorne from donations and le8acAt5 Unrestricted funds Restricted funds Total Total 2021 Grants and donations 52,577 10,184 29,763 52,551 14.1.075 407,706 460,283 10,184 29.763 52.551 552,781 617,44.5 33,878 40,928 6.807 699,0.68 Legacies Gtlt aid reclaimed Other irtcome 407.706 5 Investment iThcome UDTe$trieted unds Total 2022 Total 2021 Interest r￿lVable on bank dep()sit Foreign exchttnge ins 822 3.326 4,148 822 .3,326 4.148 6 Expendlture on ralslng fund$ Unrestricted Funds General Re51rieted Funds Total 2022 Total 2021 Fundraising Wases and salaries 5.631 48,232 53,863 5.631 48,232 53,863 567 3,815 4,382 22 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2022 7 Expenditure on charitable actlvities Relief of poverly in Monsolia Relief of poverly in Vietnam To141 21Y22: Crint funding activities Directly allocated costs Wages and salaries Allocated support costs (see note 7.1} Allocated sovernance costs (see note 7.11 Total 302,683 171539 475,222 IlJ14 34.517 3,312 351,826 84,218 69,034 6,625 635A)99 34.517 3,313 283,273 Relief of poverty in Mongolia Relief of poveTly in Vietnam Total 2021.. Grant lunditig actLVlties Directly allovdted costs Wages and salarie5 Allocated support costs (see riote 7.11 Allocated governance costs {see note 7.11 Total 165524 286,292 451,816 lJffj26 28,758 2,948 208.856 61229 28,758 2,948 379.227 57,516 5,896 588,083 Grants are made to CNCF Mongolia and CNCF Vietnam lor the programmes as laid out in the Trustee5' report on pages 64. 23 Christina Noble Childrens Foundation Limited Notes to the Financial Statement5 for the Year Ended 31 December 2022 7.1 Analysis of goveruance and support COSt8 Support costs Governance costs Total 2022 Rents and rates Wages and salaries IT expenses Bank charges Other office eX[￿SeS Accountancy and Independent examiner5 lees Totsl 11,305 37,567 2,587 2.485 15.090 11,305 37,567 2,587 15.090 6,625 6,625 69.034 6.625 75,659 Support cos1$ Governance costs Total 2021 Rents and rates Wages and salaries rr expenses Bank charges Other office expenses Accountancy and Independent examiners fees Total 11,088 32,641 11,088 32,641 ,752 8,691 1,752 8.691 5,896 5,896 57,516 5,896 63,412 Net incominyloutgoins resources Net outgoing resources for the year include.. 2022 2021 A£countaLiCy fee5 Independent Examiner's l&b 4,381 2.244 6,625 2,016 5,896 24 Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2022 9 Trustees remuneralion and expenses No trnstee5 have received any remuneration from the charity durins current or previous year. No trustees have received any reimbursed expenses or any other benefits from the charity during the current or previous year. JO Staff costs During the year, the average monthly headcount employed by the Charlty was 5 {2021= 4). The a8gregate payroll costs were as follows.. 2022 2021 Staff costs durin8 the year were: Wases and salaries 163,852 109312 Cuntributions to the employee pension schemes for the year totalled £6,16512￿2l- £2,970). No employee received emL)luments of more than £fA),000 during the year, ()r in the previous year. 11 Taxation No tax was charged in the year {2021- £nill. 12 Debtors 2022 Gift Aid re￿1v&b]e 29,661 44,866 1.456 46,322 Other debtors 114,084 13 Cash and Cash equivalents 2022 2021 Ilalan￿$ held by tlie t￿￿rItY th£lt are nut £1Vai￿abIe for use by tlie charity 5,985 An amount of £nil (2021.. £5,985) 15 held on behalf of The Christina Nob12 Children's Foundation Group and the branch in thjbai representins the funds held to cover global expenses. Christina Noble Childrens Foundation Limited Notes to the Financial Statements for the Year Ended 31 December 2022 14 Credilors: amounts falling due withitt ont year 2022 2021 Grant commitments Pension, Social security and other taxes OthLJr creditors Accruals 37.202 8,997 82,540 5,800 134ll39 36,421 912 l3,856 9,495 ,684 15 Contln8ent liabilltles Contingent 8rant commitments.. Where o donor ceases to make donations in line with the child spoftsorship programme, the Charity asrees to continue providin8 funding for that child for th￿e months after the doftation5 cease. Monthly payments are U5$36 per child and $0 the maximum contingent liability Is US$108 per Child at any given time. As at the year end, there were 291 children12021.. 3051 enrolled inlo the Child Sponsorship prusramme. 26 Christina Noble Children$ Foundation LimAted Notes to the Financial Statementy for the Year Ended 31 December 2022 16 Funds Balance at l January 2022 Incomins re4ouTce$ Re50ur¢es expended Tran8Eers Balance at 31 December 2022 Unrestticted ￿ndS Uiire5trictedgetterAIfvNAs Unrestricted income lund Restricled fund$ N(ongolia fund Vietnam fund General UK fund Total Restricted income fund Total funds 149,792 1188,7401 (43,7781 98.707 9,126 99,510 52,574 161,211 311,003 260,408 147,298 (302,6831 (172539) 125,OtK)I (500,222 {688,962 34,149 I,O(K> 83,898 27,574 112,473 211,180 407,706 589,139 43,778 BaJance at l Januiry 2021 Incomins resources Resources expended TransfeTS Balance at 31 December 2021 Unrestrlcted funds UKreStricted8e￿eraIfy￿d$ Un￿stricted income fund RestrActed fund5 Mongolia fund Vietnam fund General UK (und Total Restrlcted income fund 89,983 148,685 (87,2621 (1.6141 149.792 33.611 887 79,-524 114,022 154,976 {179,4611 1286,292} I39,4￿) (505,2031 9.126 99510 52.574 161.211 1.614 12,5(Kl 550,778 1,614 Total funds 204,005 592,465 311,003 The specific purposes for which thé lunds ère to be applied are as follows: The Yestricted fund is held to fund the activities of the projects in Mongolia and Vietnam, as disclosed in the Tyustees, Report. The General UK restricted fund is held to help fund UK support costs and salary costs. The transfers in the year were for the Following purp Amounts totalling £43.778 have been transferred from the unrestricted fund to the Mongoli 145) 657 5,695 7,264 120.569 19 Related party transactions Durin8 the year the Charity made the following relaied party tran5actions'. TEU8tees Aggregiste Llon41tions rKeived Irom the Trustees for cliild spvnsorship prosrammes totalled £1.835 12021-. £1,5241. Al the balance sheet d(Ile the amount due Iri)m the Trustees was £nil12021- £Nill. Aggregate d<)iiations re￿iVed from the I'rustees for the Gei)eral UK retstricted fund totalled £nil {2021.. £2,500). Aggregclte donation5 recelved (rom the I'rustees towarL1s unrestricted Funds totalled £&3212021.. £nill. During the year, Mrs S Bcinnerton (wife ol Mr 5 Bannerton who Il Trustee} re￿Ived remuneration for adjninistrative servi￿5 to the cl)arity totKiling £10.4001202'1.. £10,0￿1. Christina Noble Childrens Foundation Limited Notes lo the Financial Slatements for the Year Ended 31 December 2022 20 Obligatlons under le¥6e& Operatsns leases 2022 21YII The total of future minimum lease payments is as follows.. Not later than one year 8,1 7,700 Total 8,1(lJ 7,7 Amounts rec()gnised os an operilting lease expense during the year total £71.105 Q021.. £11,088). All of the futLire lease minimum Pciyments shown above relclte to the rent payable f()r the head office in the UK. 29