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2024-12-31-accounts

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Company registration number: 02680268 Charity registration number: 1007484

Christina Noble Childrens Foundation Limited

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 December 2024

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Contents

Reference and Administrative Details .............................................................................................. 1 Trustees’ Report .............................................................................................................................. 2-11 Statement of Trustees’ Responsibilities ........................................................................................... 12 Independent Examiner's Report .................................................................................................. 13-14 Statement of Financial Activities ..................................................................................................... 15 Balance Sheet ...................................................................................................................................... 16 Statement of Cash Flows ................................................................................................................... 17 Notes to the Financial Statements ................................................................................................ 18-28

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Reference and Administrative Details

Directors and Trustees:

T Ward (Chair) K Greer B Ogmore S Bannerton K Pocock

Company Secretary:

S Bannerton

Registered Office:

38 Deodar Road London England SW15 2NN

Company Registration Number:

02680268

Charity Registration Number:

1007484

Independent Examiner:

Russell Joseph FCA Bourner Bullock Chartered Accountants 114 St Martin’s Lane Covent Garden London WC2N 4BE

Website : www.cncf.org

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

The trustees are pleased to present their annual directors’ report together with the financial statements of the Christina Noble Children’s Foundation Limited (“the Charity or the “Company) for the year ending 31 December 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

Director and Trustees

The directors of The Company, who are its trustees for the purpose of charity law, present the annual report of the charitable company for the year ended 31 December 2024

The trustees and officers serving during the year and subsequent to year-end were as follows:

T Ward (Chair) K Greer B Ogmore S Bannerton K Pocock T Minter (resigned 31 March 2025)

Company Secretary:

Shane Bannerton

Registered Office

38 Deodar Rd London SW15 2NN

Structure, governance and management

Nature of governing document

The organisation is a charitable company limited by guarantee, incorporated on 17 January 1992 and registered as a charity on 3 March 1992.

The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association which details the Charity's organisational structure.

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Christina Noble Childrens Foundation Limited

Trustees’ Report

Recruitment and appointment of trustees

Under the Articles of Association, membership shall be open to anyone the Trustees, by a majority vote, agree will further the aims of the Charity.

Induction and training of trustees

All of the Trustees are familiar with charitable organisations in general. They are familiar with the activities of the Charity and of its financial statements.

Major risks and management of those risks

In common with other charities of our size, we are limited in the resources we are able to apply in segregating the duties of operatives and fundraisers alike. Being aware of this we use our available resources in the manner we deem most effective which the trustees keep under constant review. We have considered the major risks to which the Charity is exposed and are satisfied that systems are in place, and new systems will be put in place as and when necessary, to mitigate exposure to major risks.

In 2024, CNCF continued to operate in a challenging global environment. Many of the financial and operational pressures experienced in previous years persisted, requiring agile leadership and strengthened systems. Key challenges and responses included:

  1. Ongoing Funding Pressures: The global economic landscape continues to impact traditional donor funding. The Christina Noble Children’s Foundation (“CNCF”) has responded by strengthening its development strategy, securing new multi-year partnerships, and further diversifying its donor base and income streams.

  2. Growing Demand for Services: As inflation and economic hardship deepened in vulnerable communities, demand for CNCF’s services increased. In response, the Foundation integrated technology and scaled local partnerships to ensure that resources reached more children and families, more effectively.

  3. Demonstrating Impact: With growing scrutiny in the philanthropic sector, CNCF expanded its monitoring and evaluation capabilities to better capture and communicate the real impact of its programmes.

  4. Operational Efficiency and Resilience: CNCF continued to implement cost-optimisation measures and more sustainable delivery models.

  5. Financial Risk Management: Currency volatility and changing compliance environments required increased attention to financial governance. CNCF continued to adopt effective hedging and compliance strategies to safeguard the organisation’s resources and maintain operational continuity.

Despite these challenges, CNCF remains unwavering in its mission. Our programmes continued to deliver essential services to vulnerable children and families across both countries, and we remain committed to scaling our impact through innovation, partnership, and sustainability.

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Christina Noble Childrens Foundation Limited

Trustees’ Report

Future Developments

Looking ahead, CNCF is focused on a number of strategic priorities to ensure long-term effectiveness and relevance:

Programme Alignment with the Sustainable Development Goals

CNCF currently operates 21 programmes across Health, Education, Community Development, Child Sponsorship, and Rural Capital Assistance. These programmes directly contribute to the advancement of 11 of the United Nations Sustainable Development Goals (SDGs):

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

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 deserves love, respect, and freedom from all forms of exploitation. We establish long-term relationships with the children we support and empower them to live happy, emotionally rich, and independent lives.

GEOGRAPHICAL AREA SERVED

In Vietnam CNCF currently works in 12 districts of Ho Chi Minh City and nine surrounding provinces in South Vietnam, and in the country’s Central Provinces due to the persistent and profound need for its services in the country. In Mongolia we work in the nine districts of Ulaanbaatar Capital City, Erdenet City, Darkhan City, and the provinces of Bulgan, Selenge and Orkhon.

As part of CNCF’s strategic transition away from the social welfare model, and in alignment with the Vietnamese Government’s National Target Programme, CNCF aims to leverage its unique 36 years of grassroots humanitarian experience to expand its reach. This expansion involves extending support to more migrant, ethnic minority, and rural communities, including those with disabilities, across other regions of the country. Many of these communities’ face barriers to development such as geographical isolation, limited healthcare access, lack of market access, social exclusion, low rates of outmigration, and limited access to education. Directly supporting these target communities aligns with CNCF's mission to protect and empower the country’s most vulnerable children and communities, contributing to social inclusion and equality for all.

ORGANISATIONAL BACKGROUND & STRATEGIES & OBJECTIVES

The Christina Noble Children’s Foundation mitigates poverty and hardship by offering essential, grassroots humanitarian services 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 36 years, CNCF’s humanitarian endeavours have positively impacted the lives of over one million children. We continue to partner with some of the world's most disadvantaged communities susceptible to all forms of exploitation, including young individuals with disabilities residing in remote areas. Now a third-generation family foundation, CNCF is currently supported and led by Vietnamese and Mongolian community leaders, some of whom were beneficiaries of the Foundation during their own difficult childhoods. Christina and her Foundation's continuous 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 influenced shifts in government attitudes.

To maintain its relevance in our rapidly evolving world, CNCF is committed to adapting and progressing. As part of our five-year strategic plan, we aim to leverage the Foundation's 3-plus decades of grassroots impact to propel our future endeavours. We acknowledge the fast-paced transformations around us and understand the need to embrace change and innovation to continue making a sustainable difference. By proactively adapting to emerging trends, funding models, and technologies, CNCF is poised to remain a leader in the charity sector. Therefore, addressing new challenges for the communities we serve and driving a positive impact in the forthcoming years.

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Christina Noble Childrens Foundation Limited

Trustees’ Report

Looking forward, CNCF has set forth several strategic objectives. These include a continued commitment to develop innovative projects and services tailored to the unique needs of each child, ensuring their development and success. Our aim is to provide advanced access to digital and technical skills programmes, soft skills training, workforce readiness initiatives, and entrepreneurial opportunities. CNCF is also prioritising collaboration, forging strategic partnerships with like-minded organisations and NGOs. Through these alliances, we aim to broaden our humanitarian outreach and respond effectively to arising crises. CNCF is committed to enhancing its reputation as a global advocate for children's rights, dedicating efforts to raise the Foundation's international profile, and actively championing children's rights on the global stage.

GOALS

Building on the deep-rooted and unique history of the Christina Noble Children’s Foundation, our focus now moves to the future. Guided by the spirit of our past, we have set several strategic goals to further our mission of uplifting and empowering children in the communities we serve.

Goal 1 - Empowering Children: Our commitment to children remains unwavering. Our primary objective is to provide care that is tailored to the individual circumstances of each child within the context of their broader communities. Simultaneously, we will enhance our existing projects' quality and introduce an expansive digital and technical skills programme, providing the children with the tools necessary for thriving in a rapidly evolving world.

Goal 2 - Advocate for Child Rights Internationally: Rooted in our international advocacy, we align our actions with the United Nations Sustainable Development Goals (SDGs) and the United Nations Convention on the Rights of the Child (UNCRC). We will continue to be an influential voice in policy development, focusing on poverty eradication, gender equality, and children's rights.

Goal 3 - Expand and Respond through Partnerships: Leveraging the power of collaboration, we seek to magnify our impact by engaging with humanitarian researchers and building alliances with local NGOs, government agencies, and similar organisations. This collective approach will allow us to respond more effectively to crises and expand our reach.

Goal 4 - Secure Sustainable Funding: Recognising the crucial role of financial resources, our next goal is to attain sustainable funding that will ultimately lead to financial self-sufficiency. Our strategic focus encompasses transforming programme models into social enterprises, seeking philanthropic support, securing multi-year project funding, and building capital reserves for long-term stability.

Goal 5 - Develop CNCF Brand Identity: In an ever more interconnected world, our goal is to establish a distinct, globally recognised CNCF brand that aligns with our new impact model on its completion. This includes developing an elevated and unique brand identity, formulating a comprehensive communication strategy, and maintaining consistent brand representation across all platforms.

Goal 6 - Foster Impactful Organisational Culture: Our aim is to continue fostering a culture that inspires individuals to contribute their very best. This involves continuing to cultivate a professional, accountable culture, investing in continuous team training, and developing robust project management expertise within our ranks. This preserved culture will enable us to continue bolstering our collective efforts and transforming lives.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

CURRENT PROGRAMMES

At the Christina Noble Children’s Foundation, we pride ourselves on the well-rounded programmes we deliver to aid children and communities in need. Our dedication and commitment lie in offering comprehensive and meaningful support to marginalised children and their families in Vietnam and Mongolia. Our programmes span a vast spectrum, focusing on child protection and safeguarding, health, education, residential care, community development, emergency assistance and personal development as follows:

VIETNAM PROGRAMMES:

  1. Sunshine Social & Medical Centre (SSMC): Delivering high-quality social and medical care and preschool to orphaned, abandoned, and disadvantaged children. Economic improvements in Vietnam in recent years mean that the Government is now better positioned to assume responsibility for the provision of services to children and young people. After 36 years the SSMC at 38 Tu Xuong St closed and offices relocated to new premises in March 2025.

  2. Sunshine Homes: A safe and nurturing home for orphaned, abandoned, disadvantaged children. The Residential Homes will close and the children reintegrated into alternative CNCF programmes by year end of 2025.

  3. Tay Ninh Centre for Visually Impaired Children: Providing residential facilities, specialised resources, and education support to visually impaired and disabled children on the Vietnam/Cambodian border.

  4. Christina Noble Education Programme - Provides Noble Scholarships, the provision of financial tuition scholarships to underprivileged students, Noble Fellowship offering training courses, seminars, and workshops that go beyond the traditional curriculum, preparing students for the complex and dynamic professional world, Noble Well-being offering mindfulness sessions to develop self-awareness and emotional resilience, and Noble Internship which connects students with professionals enabling them to apply their skills, gain practical experience, and increase chances of securing meaningful, long-term employment.

  5. Christina Noble - Fulbright Scholarship: A partnership programme with globally renowned, Fulbright University. This programme supports underprivileged Vietnamese students with stipend support and helps to bridge the skills gap in the country.

  6. Healthcare & Wellbeing Programme: A holistic self-development programme incorporating arts, sports, music, and mindfulness activities to assist vulnerable children in cultivating confidence and essential life skills.

  7. Family Emergency Assistance Programme: A support system providing immediate assistance to families in crisis.

  8. Capital Assistance Programme: A community development programme aimed at creating sustainable futures through infrastructure development, low-interest loans, training and as of 2024, an innovative clean water programme that focuses on the harvesting and purification of rainwater.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

  1. MONGOLIA PROGRAMMES:

  2. Blue Skies Ger Village: A safe and nurturing home for orphaned, abandoned and disadvantaged vulnerable children suffering from acute trauma, providing them with comprehensive psychosocial care, education, and a supportive community.

  3. Healthcare Programme: Providing medical support to communities in dire need.

  4. Arts & Music Programme: A creative platform encouraging children's artistic and musical abilities.

  5. Sports Programme: A wellness initiative promoting physical health and teamwork through sports.

  6. Blue Skies Kindergarten: An early learning center providing quality care and education to underprivileged children.

  7. Rehabilitation Centre for Youth Education Programme (formerly known as The Boys’ Prison) : A PROGRAMME designed to reintegrate rehabilitated youth who have committed crimes into society through comprehensive education, training and their successful integration back into society upon release.

  8. Give-A-Ger Programme: A housing initiative supporting families struggling with extreme poverty.

  9. BayARTai Programme: A groundbreaking mental health initiative deploying innovative approaches for children's growth and well-being and upskilling mental health personnel across the country.

PROGRAMMES OPERATING IN BOTH VIETNAM AND MONGOLIA:

  1. Child Sponsorship Programme (CSP): A support programme providing financial and social aid to impoverished children and families, enabling them to pursue education and development opportunities.

  2. Medical Exchange Programme (MEP): An exchange programme introducing world-class surgical medical expertise to Vietnam and Mongolia to enhance healthcare quality.

  3. Noble Scholarship Programme : An educational fund that supports the fees of meritorious students from disadvantaged backgrounds and provides self-development services.

These objectives are achieved through fundraising initiatives and a Child Sponsorship scheme administered in the UK and our associated international fundraising offices in Australia, France, Hong Kong, Ireland, Italy, and the USA.

Total Beneficiary Impacts 2024

Over 45,225 : Children and adults were impacted by CNCF’s Education, Healthcare and Community Development programmes.

  1. Education: 2,397 Children and Young People directly benefitted through CNCF’s Education Programmes.

  2. Health: 1,560 Children and Young People directly benefitted through CNCF’s Healthcare and Mental Health Programmes.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

  1. Community: 43,11 Children and Adults directly benefitted through CNCF’s Community Development and Capital Assistance Programmes.

  2. Over 36,957: Families and Wider Community Members indirectly benefitted through our Services and Programmes.

AWARDS & RECOGNITIONS

Christina Noble OBE, and the Foundation globally have received well over 200 humanitarian and achievement awards for their work on behalf of children’s rights. Among these, Christina was recognised by Time magazine as one of the “Most Inspiring Heroes of our World,” and awarded the prestigious Albert Schweitzer Humanitarian Award. Christina is also the recipient of The Order of Friendship Medal from both Governments of Vietnam and Mongolia for her outstanding work for and on behalf of the people of those countries, this being the highest Honour given to foreigners.

CNCF Chief Executive Officer, Helenita Christina Noble, was awarded the Member of the Most Excellent Order of the British Empire (MBE) in Her Majesty’s Honours list 2022 for her services to charity in Vietnam and Mongolia which was received from His Majesty King Charles in 2023. The MBE recognises outstanding achievements or services to the community which have had a long-term, significant, and positive impact.

2024 Awards and Acknowledgments - Mongolia and Vietnam

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Trustees’ Report

General

We are very grateful for the ongoing support of the projects by our major sponsors. We thank the Chillag Charitable Foundation, the Banham Charitable Foundation, Nelumbo Stiftung Foundation, Pho Café, Property Raceday and the Byrne Family for their notable support.

Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

From time to time the UK office benefits from the kind contribution of volunteers for assisting with fundraising events.

Achievements and performance

The Child Sponsorship Programme continues to be successful in many areas, including seeing many of our children in both Vietnam and Mongolia going on to college and university education, enabling them to gain employment and escape the cycle of poverty. In 2024 the UK Child Sponsorship Programme supported over 280 children in Vietnam and Mongolia.

In the opinion of the Trustees the objectives of the Charity have been achieved this year and the Charity will continue to fulfil the aforementioned objective in the next financial period.

Policy on reserves

It is the policy of the Charity to hold reserves in its General Fund that have not yet been committed or designated for any particular purpose. The Trustees have set aside these reserves in order to protect the future operations of the charitable company from the effects of any unforeseen variations in its income streams as part of a policy of good financial management practice. The Trustees have set the level of these reserves after undertaking a thorough assessment of the Charity’s needs and they have agreed that this should be maintained in excess of £50,000, which is deemed sufficient to cover any contingent liability arising as identified in note 17 to the financial statements. At 31 December 2024 the amount of the reserves in the General Fund amounted to £40,222.

Investment policy and objectives

The Memorandum of Association, signed on 17 January 1992, states that the Company shall "invest the monies of the company not immediately required for its main object in such manner as maybe thought fit but so that monies subject or representing property subject to the jurisdiction of the Charity Commission shall only be invested in such investments and with such sanction (if any) as may for the time being as prescribed by law".

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Aims and key objectives for future periods

The Christina Noble Children’s Foundation intends to continue its core work for which we have an unrivalled reputation having received numerous awards over the years from both the Vietnam and Mongolia governments. As previously stated, due to disproportionately rising costs in both Vietnam and Mongolia and an increasingly difficult economic climate we are restricted in the number of new projects we feel we can undertake in the immediate future, as one of our main priorities must be to guarantee continuation of existing works, however, as part of our Strategic 5 year plan/Goal #3 CNCF is greatly developing and expanding its partnership and collaborations sustainable development goal #17 with other NGO’s, esteemed Educational and Medical institutes, and, Advocacy & Policy Organisations.

The Christina Noble Children’s Foundation has a presence on social media sites, LinkedIn, Facebook, Instagram and Twitter and website, links to these below.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

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 law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees must 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:

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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements on pages 15 to 28 of the report have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board and signed on its behalf by:

.........................................

S Bannerton Trustee

29/9/2025 Date:................................

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Independent Examiner's Report to the trustees of The Christina Noble Children’s Foundation Limited

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Christina Noble Childrens Foundation Limited (‘the charitable company’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company 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 charitable company 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 charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Independent Examiner's Report to the trustees of The Christina Noble Children’s Foundation Limited

I 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.

[ras954A893767E8459...DocuSignedJoseeleby:

Russell Joseph FCA Bourner Bullock Chartered Accountants

114 St Martin’s Lane

Covent Garden

London

WC2N 4BE

29/9/2025 Date: ……………………….

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Christina Noble Childrens Foundation Limited

Statement of Financial Activities for the Year Ended 31 December 2024

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds 2024 2023
Note £ £ £ £
Income and Endowments
from:
Donations and legacies 4 88,626 324,279 412,905 378,047
Fundraising income 27,283 5,941 33,224 39,371
Investment income 5 2,121 - 2,121 2,744
Total Income 118,030 330,220 448,250 420,162
Expenditure on:
Raising funds 6 (56,996) - (56,996) (63,763)
Charitable activities 7 (154,761) (223,730) (378,491) (391,045)
Total Expenditure (211,757) (223,730) (435,487) (454,808)
Transfers 41,400 (41,400) - -
Net movement in funds (52,327) 65,090 12,763 (34,646)
Reconciliation of funds:
Total funds brought forward 92,549 83,985 176,534 211,180
Total funds carried forward 15 40,222 149,075 189,297 176,534
----- End of picture text -----

All of the Charity's activities derive from continuing operations.

The funds breakdown for 2024 is shown in note 16.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

( Company registration number: 02680268)

(Charity registration number: 1007484)

Balance Sheet as at 31 December 2024

2024 2023
Note £ £
Current assets
Debtors 12 43,026 43,222
Cash at bank 13 194,824 186,366
237,850 229,588
Creditors: Amounts falling due within one year 14 (48,554) (53,054)
Net current assets 189,296 176,534
Net assets 189,296 176,534
Funds of the Charity
Unrestricted income funds 15, 16 40,222 92,549
Restricted income funds 15, 16 149,075 83,985
Total funds 189,297 176,534

The notes at pages 18 to 28 form part of these financial statements.

For the financial year ended 31 December 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements on pages 18 to 28 of the report have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

29/9/2025

The financial statements were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... 2427DF3145154F9... S Bannerton Trustee

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Christina Noble Childrens Foundation Limited Christina Noble Childrens Foundation Limited Christina Noble Childrens Foundation Limited Christina Noble Childrens Foundation Limited
Statement of Cash Flows for the year ended 31 December 2024
Note
2024
2023
£
£
£
£
Net cash provided by/(used in) operating activities
17
6,337
(48,013)
Cash flows provided by investing activities
Interest received
2,122
2,744
Net cash provided by investing activities
2,122
2,744
Increase/(decrease) in cash
8,458
(45,269)
Cash and cash equivalents at the beginning of
the year
186,366
231,635
Change in cash due to exchange movements
-
-
Cash and cash equivalents at the end of the year
194,824
186,366
2024
£
£
6,337
2,122
2,122
8,458
186,366
-
194,824		 2023
£
£
(48,013)
2,744
2,744
(45,269)
231,635
-
186,366
(45,269)
231,635
-
186,366

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Christina Noble Children's Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider there are no material uncertainties about the Foundation's ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives trustees confidence the charity remains a going concern for the foreseeable future.

Voluntary income

Donations

Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Legacies

Legacies are recognised at the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Foundation that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executors intention to make a distribution. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustee’s meetings and reimbursed expenses.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

19

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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 on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

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.

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

Fund accounting

Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the Charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. All restricted funds are used for the purposes of the projects in Mongolia and Vietnam as set out in the Trustees’ Report.

2 Judgements 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 as at the balance sheet date and the amounts reported for incoming resources and expenditure during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the trustees’ opinion, there are no significant judgements or key estimation uncertainties.

3 Charity status

The Charity is a Charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation.

20

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4 Income from donations and legacies

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Grants and donations 58,224 324,279 382,503 304,108
Legacies 10 - 10 -
Gift aid reclaimed 23,809 - 23,809 30,000
Other income 6,583 - 6,583 43,939
88,626 324,279 412,905 378,047
----- End of picture text -----

5 Investment income

Unrestricted
Funds
£
2,121
-		 Unrestricted
Funds
£
2,121
-		 Total Total
2024
£		 2023
£
Interest receivable on bank deposit 2,121 2,744
Foreign exchange gains - -
2,121 2,121 2,744
Restricted
Funds
£
-
-
-
6 Expenditure on raising funds
Fundraising
Wages and salaries		 Unrestricted
Funds
General
£
11,524
45,472
56,996		 Total
2024
£
11,524
45,472
56,996		 Total
2023
£
16,106
47,657
63,763

21

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7 Expenditure on charitable activities

2024:
Grant funding activities
Directly allocated costs
-
Wages and salaries
Allocated support costs (see note 7.1)
Allocated governance costs (see note 7.1)
Total
2023:
Grant funding activities
Directly allocated costs
-
Wages and salaries
Allocated support costs (see note 7.1)
Allocated governance costs (see note 7.1)
Total		 Relief of
poverty in
Mongolia
£
175,088
6,600
42,125
2,980
226,793
Relief of
poverty in
Mongolia
£
107,892
13,006
39,402
3,150
164,558		 Relief of
poverty in
Vietnam
£
48,642
57,951
42,125
2,980
151,698
Relief of
poverty in
Vietnam
£
120,611
64,431
39,403
3,150
192,702		 Total
£
223,730
64,551
84,250
5,960
378,491
Total
£
228,503
77,437
78,805
6,300
391,045

Grants are made to CNCF Mongolia and CNCF Vietnam for the programmes as laid out in the Trustees’ report on pages 6-8.

22

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7.1 Analysis of governance and support costs

2024:
Rents and rates
Wages and salaries
IT expenses
Bank charges
Other office expenses
Accountancy and
Independent examiners fees
Total
2023:
Rents and rates
Wages and salaries
IT expenses
Bank charges
Other office expenses
Accountancy and
Independent examiners fees
Total		 Support
costs
£
12,787
61,303
1,324
1,726
7,110
-
84,250
Support
costs
£
12,187
45,010
1,940
2,580
17,088
-
78,805		 Governance
costs
£
-
-
-
-
-
5,960
5,960
Governance
costs
£
-
-
-
-
-
6,300
6,300		 Total
£
12,787
61,303
1,324
1,726
7,110
5,960
90,210
Total
£
12,187
45,010
1,940
2,580
17,088
6,300
85,105

8 Net incoming/outgoing resources

Net outgoing resources for the year include:

2024
£
3,660
2,300
5,960		 2023
£
4,100
2,200
6,300
Accountancy fees
Independent Examiner’s fees

23

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9 Trustees remuneration and expenses

No trustees have received any remuneration from the charity during current or previous year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the current or previous year.

10 Staff costs

During the year, the average monthly headcount employed by the Charity was 4 (2023: 5).

The aggregate payroll costs were as follows:

2024
£
168,212		 2023
£
162,971
Staff costs during the year were:
Wages and salaries

Contributions to the employee pension schemes for the year totaled £8,306 (2023 - £7,133). No employee received emoluments of more than £60,000 during the year, or in the previous year.

11 Taxation

No tax was charged in the year (2023 - £nil).

12 Debtors

12 Debtors
2024 2023
£
27,000
16,026
43,026		 £
Gift Aid receivable 30,000
Other debtors 13,222
43,222

24

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

13 Creditors: amounts falling due within one year

13 Creditors: amounts falling due within one year
2024 2023
£ £
Grant commitments 35,034 35,711
Social security and other taxes 4,978 11,476
Other creditors 2,542 67
Accruals 6,000 5,800
48,554 53,054

14 Contingent liabilities

Contingent grant commitments: Where a donor ceases to make donations in line with the child sponsorship programme, the Charity agrees to continue providing funding for that child for three months after the donations cease. Monthly payments are US$36 per child and so the maximum contingent liability is US$108 per child at any given time. As at the year end, there were 286 children (2023: 283) enrolled into the Child Sponsorship programme.

25

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

15 Funds

Unrestricted funds
Unrestricted general funds
Unrestricted income fund
Restricted funds
Mongolia fund
Vietnam fund
General UK fund
Total Restricted income fund
Total funds
Unrestricted funds
Unrestricted general funds
Unrestricted income fund
Restricted funds
Mongolia fund
Vietnam fund
General UK fund
Total Restricted income fund
Total funds		 Balance at
1 January
2024
£
92,549
7,614
76,371
-
83,985
176,534
Balance at
1 January
2023
£
98,707
1,000
83,898
27,575
112,473
211,180		 Incoming
resources
£
118,030
214,304
115,916
-
330,220
448,250
Incoming
resources
£
194,640
112,773
112,749
-
225,522
420,162		 Resources
expended
£
(211,757)
(175,088)
(48,642)
-
(223,730)
(435,487)
Resources
expended
£
(198,730)
(107,892)
(120,611)
(27,575)
(256,078)
(454,808)		 Transfers
£

41,400
1,447
(42,847)
-
(41,400)
-
Transfers
£

(2,068)
1,733
335
-
2,068
-		 Balance at 31
December
2024
£
40,222
48,277
100,798
-
149,075
189,297
Balance at 31
December
2023
£
92,549
7,614
76,371
-
83,985
176,534

The specific purposes for which the funds are to be applied are as follows:

The restricted fund is held to fund the activities of the projects in Mongolia and Vietnam, as disclosed in the Trustees’ Report.

The General UK restricted fund is held to help fund UK support costs and salary costs.

26

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

16 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets		 Unrestricted
funds
£
70,149
(13,376)
56,773		 Restricted
funds
£
167,704
(35,180)
132,524		 Total
funds
£
237,853
(48,556)
189,297

17 Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Interest from investments
Exchange differences
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 2024
£
12,763
(2,121)
-
196
(4,501)
6,337		 2023
£
(34,646)
(2,744)
-
70,862
(81,485)
(48,013)

18 Related party transactions

During the year the Charity incurred the following related party transactions:

Trustees

Aggregate donations received from the Trustees for child sponsorship programmes totalled £720 (2023: £720). At the balance sheet date the amount due from the Trustees was £nil (2023 - £nil).

During the year, Mrs S Bannerton (wife of Mr S Bannerton who is a Trustee) received remuneration for administrative services to the charity totaling £nil (2023: £11,500).

27

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Childrens Foundation Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

19 Obligations under leases

Operating leases
The total of future minimum lease payments is as
follows:
Not later than one year
Total		 2024
£
9,834
9,834		 2023
£
8,940
8,940

Amounts recognised as an operating lease expense during the year total £12,787 (2023: £12,187).

All of the future lease minimum payments shown above relate to the rent payable for the head office in the UK.

28

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

29.9.25

Dear Sirs

We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the following representations to you, in connection with your examination of the charity’s financial statements for the year ended 31 December 2024.

Christina Noble Children’s Foundation Limited

Office 3C, Regus, 79 College Rd, Harrow Middx. HA1 1BD Telephone +4420 7381 8550, Email : uk@cncf.org Website: www.cncf.org Twitter @cncfuk

Registered office 38 Deodar Rd, London. SW15 2NN Reg. in England Reg. Charity No. 1007484 Company No: 02680268

Kindly sponsored by Banham

B[ANHAM]

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Christina Noble Children’s Foundation Limited

Office 3C, Regus, 79 College Rd, Harrow Middx. HA1 1BD Telephone +4420 7381 8550, Email : uk@cncf.org Website: www.cncf.org Twitter @cncfuk

Registered office 38 Deodar Rd, London. SW15 2NN Reg. in England Reg. Charity No. 1007484 Company No: 02680268

Kindly sponsored by Banham

B[ANHAM]

Docusign Envelope ID: FEF17859-47CC-4F68-AA4E-3382D229A80D

Yours faithfully

e& BaneTou

S Bannerton

Signed on behalf of the board of trustees

Christina Noble Children’s Foundation Limited

Office 3C, Regus, 79 College Rd, Harrow Middx. HA1 1BD Telephone +4420 7381 8550, Email : uk@cncf.org Website: www.cncf.org Twitter @cncfuk

Registered office 38 Deodar Rd, London. SW15 2NN Reg. in England Reg. Charity No. 1007484 Company No: 02680268 Kindly sponsored by Banham

B[ANHAM]