**REGISTERED COMPANY NUMBER: 03295669 (England and Wales) REGISTERED CHARITY NUMBER: 1060409**
## REPORT OF THE TRUSTEES AND
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
## FOR
Childrens Hope Foundation
Mcak & Co , Financial Accountants No15, 1st Floor. Princeton Mews 167-169 London Road Kingston Upon Thames Surrey KT2 6PT
Childrens Hope Foundation
## CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
|||**Page**||
|---|---|---|---|
|**Report of the trustees**|1|to|2|
|**Independent examiner's report**||3||
|**Statement of financial activities**||4||
|**Balance sheet**||5||
|**Notes to the financial statements**|6|to|10|
|**Detailed statement of financial activities**|11|to|12|
Childrens Hope Foundation
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity was established to provide equipment,facilities and grants for children who were disadvantaged by disability, illness or extreme circumstance and for the relief of poverty and advancement of education.
## **Analysis of Grants made to Individuals**
As a result of the ongoing uncertainty of income generation, the trustees have agreed to continue the pause in accepting new applications as we would be unable to give a reasonable estimate as to when a grant could be made. The only exception to this pause would be in circumstances where there is a limited life expectancy of less than twelve months. In continuing the pause, the trustees hope to reestablish sufficient reserves to ensure the ongoing operation of the charity.
## **Volunteers**
The charity is supported by two volunteers in the area of fund raising who receive no remuneration.The value of this support is not included in these financial statements.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
This year has been extremely disappointing with the retirement of its long serving Chief Executive and most of its volunteers with the result that the charity's income fell further. However, with careful consideration of costs, the trustees have been able to reduce expenditure with the aim of ensuring the charity is in a sustainable position. Where possible, we will continue to support children in the areas of; equipment, education and welfare
## **Fundraising activities**
In the past year the charity's main funding has been from street collections as well as voluntary donations directly made to the charity. Owing to the loss of the majority of its volunteers and the lack of staff since the retirement of the Chief Executive, our ability to establish new income streams has been extremely limited and trustee’s efforts in this regard have not been successful. It is intended to continue their efforts in the coming year.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity continues to rely on street donations and voluntary donations as its main income.
## **Reserves policy**
The trustees feel there are not sufficient reserves at this time and will work to build the reserves to ensure the charity's ability to continue.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
In order to ensure a strong mix of skills on the board, new trustees would be recruited and appointed by the existing trustees. The chair together with the other trustees are responsible for the recruitment and training of further trustees..
## **Related parties**
None of trustees were paid any remuneration or expenses by the charity during the year. (2022 none)
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03295669 (England and Wales)
## **Registered Charity number**
Page 1
1060409
Childrens Hope Foundation
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2023
## **Registered office**
15 Palmers Place London N7 8DH
## **Trustees**
Mr Paul Jorgensen Director Ms Nicola Jorgensen Director Mr Paul Owers Director
## **Independent Examiner**
Azim Kassam FFA,FMAAT, FCPA. Mcak & Co , Financial Accountants No15, 1st Floor. Princeton Mews 167-169 London Road Kingston Upon Thames Surrey KT2 6PT
Approved by order of the board of trustees on 11 March 2026 and signed on its behalf by:
Mr Paul Jorgensen - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHILDRENS HOPE FOUNDATION
## **Independent examiner's report to the trustees of Childrens Hope Foundation ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Azim Kassam FFA,FMAAT, FCPA. The Institute of Financial Accountants
Mcak & Co , Financial Accountants No15, 1st Floor. Princeton Mews 167-169 London Road Kingston Upon Thames Surrey KT2 6PT
11 March 2026
Page 3
Childrens Hope Foundation
## STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
|Unrestricted
Restricted
funds
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
23,225
-
Other trading activities
2
10,710
-
Investment income
3
43
-
**Total**
33,978
-
**EXPENDITURE ON**
Raising funds
7,806
-
**Charitable activities**
Equipment and wellbeing
877
-
General and training
4,553
-
Governance
7,094
-
Charitable activity costs
-
-
Governance costs
8,084
-
**Total**
28,414
-
**NET INCOME/(EXPENDITURE)**
5,564
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
15,365
-
**TOTAL FUNDS CARRIED FORWARD**
20,929
-|31.3.23
31.3.22
Total
Total
funds
funds
£
£
23,225
31,288
10,710
14,955
43
3
33,978
46,246
7,806
7,834
877
-
4,553
-
7,094
13,587
-
41,049
8,084
2
28,414
62,472
5,564
(16,226)
15,365
31,591
20,929
15,365|
|---|---|
The notes form part of these financial statements
Page 4
Childrens Hope Foundation
## BALANCE SHEET
## 31 March 2023
|Unrestricted
Restricted
funds
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
-
-
**CURRENT ASSETS**
Cash at bank
24,439
-
**CREDITORS**
Amounts falling due within one year
8
(3,510)
-
**NET CURRENT ASSETS**
20,929
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
20,929
-
**NET ASSETS**
20,929
-
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|31.3.23
Total
funds
£
-
24,439
(3,510)
20,929
20,929
20,929
20,929
20,929|31.3.22
Total
funds
£
24
18,678
(3,337)
15,341
15,365
15,365
15,365
15,365|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 11 March 2026 and were signed on its behalf by:
Mr Paul Jorgensen - Trustee The notes form part of these financial statements
Page 5
Childrens Hope Foundation
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
- the requirement of paragraph 33.7.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
Childrens Hope Foundation
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
## **3.**
## **4.**
|Fundraising events
**INVESTMENT INCOME**
Deposit account interest
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|31.3.23
£
10,710
31.3.23
£
43
31.3.23
£
30|31.3.22
£
14,955|
|---|---|---|
|||31.3.22
£
3
31.3.22
£
10|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
31,288
-
Other trading activities
14,955
-
Investment income
3
-
**Total**
46,246
-
**EXPENDITURE ON**
Raising funds
7,834
-
**Charitable activities**
Governance
13,587
-
Charitable activity costs
41,049
-
Governance costs
2
-
**Total**
62,472
-|Total
funds
£
31,288
14,955
3|
|---|---|
||46,246|
||7,834
13,587
41,049
2|
||62,472|
Page 7
continued...
Childrens Hope Foundation
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
fund
£
£
**NET INCOME/(EXPENDITURE)**
(16,226)
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
31,591
-
**TOTAL FUNDS CARRIED FORWARD**
15,365
-
**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Plant and
and
Computer
machinery
fittings
equipment
£
£
£
**COST**
At 1 April 2022 and 31 March 2023
26,279
2,331
10,350
**DEPRECIATION**
At 1 April 2022
26,279
2,306
10,345
Charge for year
-
25
5
At 31 March 2023
26,279
2,331
10,350
**NET BOOK VALUE**
At 31 March 2023
-
-
-
At 31 March 2022
-
25
5
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.23
£
Trade creditors
3,510
Social security and other taxes
-
Accrued expenses
-
3,510|Total
funds
£
(16,226)
31,591
15,365
Totals
£
38,960
38,930
30
38,960
-
30
31.3.22
£
773
1,178
1,386
3,337|
|---|---|
Page 8
continued...
Childrens Hope Foundation
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
## **9. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.4.22|in funds|31.3.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|15,365|5,564|20,929|
|**TOTAL FUNDS**|15,365|5,564|20,929|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|33,978|(28,414)|5,564|
|**TOTAL FUNDS**|33,978|(28,414)|5,564|
|**Comparatives for movement in funds**||||
|||Net||
|||movement|At|
||At 1.4.21|in funds|31.3.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|31,591|(16,226)|15,365|
|**TOTAL FUNDS**|31,591|(16,226)|15,365|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|46,246|(62,472)|(16,226)|
|**TOTAL FUNDS**|46,246|(62,472)|(16,226)|
Page 9
continued...
Childrens Hope Foundation
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.4.21
in funds
£
£
31,591
(10,662)
31,591
(10,662)|At
31.3.23
£
20,929|
|---|---|---|
|||20,929|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|80,224|(90,886)|(10,662)|
|**TOTAL FUNDS**|80,224|(90,886)|(10,662)|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 10
Childrens Hope Foundation
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
|DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2023|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|2|21|
|Donations|23,223|14,384|
|Grants|-|16,883|
||23,225|31,288|
|**Other trading activities**|||
|Fundraising events|10,710|14,955|
|**Investment income**|||
|Deposit account interest|43|3|
|**Total incoming resources**|33,978|46,246|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Rent & rates|2,385|-|
|Fund raising costs|2,362|7,422|
|Telephone|883|-|
|Postage and stationery|73|-|
|Office expense|157|22|
|Pre grant costs|-|380|
|Equipment Hire|1,939|-|
||7,799|7,824|
|**Other trading activities**|||
|Depreciation of tangible fixed assets|7|10|
|**Charitable activities**|||
|Wages|6,705|35,208|
|Social security|772|-|
|Rent & rates|2,385|796|
|Insurance|620|-|
|Computer consumables|1,437|-|
|Postage and stationery|244|-|
|Postage & stationary|16|34|
|Telephone|1,632|56|
|Volunteer expenses|10|-|
|Equipment purchases|1,939|3,595|
|Office expenses|-|90|
|Software support Website|-|420|
|Printing|-|70|
|Grants to individuals|-|(642)|
||15,760|39,627|
This page does not form part of the statutory financial statements
Page 11
Childrens Hope Foundation
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
|DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2023|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|**Support costs**|||
|**Finance**|||
|Bank interest|-|2|
|**Governance costs**|||
|Wages|2,958|-|
|Pensions|-|1,422|
|Accountancy fees|1,494|1,440|
|Office expenses|143|2,003|
|Rent & rates|-|7,080|
|Insurance|-|594|
|Computer|-|1,357|
|Sundry|-|28|
|Bank Interest & charges|253|1,072|
|Travel|-|13|
||4,848|15,009|
|Total resources expended|28,414|62,472|
|**Net income/(expenditure)**|5,564|(16,226)|
This page does not form part of the statutory financial statements
Page 12