Registerad numbgr: 05538700 Charfty number. 1072199 care Prchtidyen CARE FOR CHILDREN (UK) (A Company Llmlted by Guarants8) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
CARE FOR CHILDREN (UK) IA Company Llmlted by Guarantsel CONTENT8 Page Reference and Admlnlstratlve Detaib of the Charity. Its Trustees and Adviser8 Trustees. Report IndependentAuditors' Report on the Flnanclal Statements 8-11 Consolldated Statement of FlnancPdl Actlvitles 12 Congolldated Balance Sheet 13-14 Charity Balance Sheet 15-16 Con5011dated Statemgnt of Cash Flows 17 Notes to the Financial Statements 18-35
CARE FOR CHILDREN IU (A Company Limlted by Guarantee) REFERENCE AND ALXIINISTRATIVE DETAILS OF THE CHARITI, IT8 TRU8TEES AND ADVISERS FOR THE YEAR ENDED 31 DECEM8ER 2021 Trusteos Mr Jonathan Scott Dr Robert Glover OBE Mr Keith Hilton CarM)n Sue Johns Mr Mark Slokin Mr Michael Bonehil OBE Mr Daiid Devenish Mr Edward Amies Mr Nick Chance CVO Mr Lome Am8trong Company reglsterod number 055387(Xl Charlty regl8tered number 1072199 R181•¥•d offleé 3 TheCk>se Nop•vich Norfolk NR14DH Company 8•er•t•ry MrAndTw Georoe Ex•¢utlve Dlrector Dr Robert Glowr OBE Independent auditorn MA Partws Audit LLP Chartered Puountants arKI Statutw AtOrS 7 The Cbse NoThvich Norfolk NR14DJ 8ank8rn S8C London Street Nopwich Norfolk B8nk of China Beijing San Yuan Qrdo sUBh No. A1 Shuguang Xli Chaoyang Distrid Beiing, Chlna Page 1
CARE FOR CHILDREN {UKI (A Company LIMIt by Guavdntee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees present thelr artnu81 réport log8ther wth the audited fin8nci81 statements of the charity for the year year 1 January 2021 to 31 December 2021. The Annual Report s8Nes th8 purposes of both a Trustees, report and a director8, report under company law. The Trustees confinn that the Annu81 Repott and financlal Statements of the charitable company comply with the current 81alutory r8quir8menl$. the Rquirements of the charitable CDmpanl8 goveming document and th8 provislons of the Statement of Recommended Practlca ISORPI appllcable to ch8rftl8s preparing their accounts in a¢cord8n¢e wilh the FinanGi¥l Reporting Standard applicable in the UK and Republic of Ireland IFRS102)18ffecliv8 1 January 20191. Since the group and the charity qualify as small under sectlon 383 of the Companies Act 2006, the Group SITalegic Report required of medium and large companies under th8 Companies Act 2006 ISITalogic Report and Dlrector8' Réport) Regulations 2013 has been omitied. Memb8r8' Ilablllty The Members of the charty guarantee lo conlrlbule an amount not exceedlng £1 to the a888t8 of the charty in the event of wlndlng up. Ex•cutlve Summary The incoming resources for the year were £1.466.066 (2020 £1.147,3321 expendllure for the year waB £1,373,84612020- £1,341,430) maklng a surplus12020 - defkitl for thé yèar of £92,22012020- £194,098). structural govemanca and managemont Constltutlon Care for Children was Incorporated on the 13th of March 1998. The charity was ftrst Teglstered by the Companles House In the UK, and as a Gu&msey charity wlth the Charfty Comml8slon Reg No 1072199 on the 29th of October 1998. The company issues Iwo shares following contributions from John Langloi8 arKI Robert Glover and i88ued Its Memorandum and Articles of As$o¢ialion on the 13th of March 1998. The company is a registered chartsble company limited by guarantee and wa8 $81 up by a Memorandum of Assoclatlon on the 17th of August 2005. The charitable company was es18bllshed wllh the Intent lo pass operations of the Guemsey Tegislered company, Care for Childran, lo the UK Company, whiGh was undertaken the 23rd of May 2005, and also to aGI as 'paient' lo the other Group entities lsee note 26). b. Methods of appolnlment or electlon of Trustee9 The manag8m8nt of the Group and the charity is th8 responsibility of the Trustoes who are eleGted and wpIed under the terms of Ihe Trust deed. ¢. Organlsatlonal structure and d¢ci$lon4naklng pollcles The Trustees delegate the runnkng of the charity to the Executive Dlreclor and the Executlve Dlrector reports back lo th8 Truste85 by sanding ragular repDrts by e-mail and attending the majority of the Truslees, meetings with report8 on th8 running of the charty and developments in the projects. Delai15 of the charitys subsidiarie5 are grven in n¢)te 26. Care for Children USA 1$ a separate entity reg18tered with 8 501 c3 in US law. Page 2
CARE FOR CHILDREN (U (A Company Limited by Guarantse) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEPA8ER 2021 structur•, oov¢man¢¢ and management {contlnued) d. Pollcles adopled for the inductlon and tralnlng of Tn The current Trustees ¥e respansl>le for the tnducthjn cl any n8thV Trustees, vthich involves awareness of Trustee's responsibllitses. the goveming thcwnent. admnistratNe prcdureS and the history of the charity. New Trustees reCe a welcome pk which indudes copies of previous yearfs annu report and accounts,. a brief history of the charity,. a copy of the govaming Ument a copy (rf the Charity Commis&on guidan Th8 E&s8nfyal TO198." 81yoU need to luThand Benefrf.. a charity (PB2). e. Risk management The Board eonstanlly bews in mnj rts ¥ukwabitity in of adverse orcumstances. such a5 the loss of key staff {primarity the Executive Director), the l&lure to raw sufficient funds lo fund ils projects and the possibilty of the political climate for ts projects ctrw¥ing. li trHs from time to twne conducted r8views lo asse55 major risks and put in F4a¢e pr¢xedures to mitigate adverse cYcum5tsnces. Slgnificant risks to funding have led to th8 d8v8k4)ment of a strat8gic pJan to diversify funding sources. primarity in the United States, United King¢k)m a1 Asia In 2021 the %nior managers and Board (Tnlee$ have regu assessed ts impact ol the COMD 19 global pandemic. Although our 'on the ground fosterirvJ work in the drfferent countries has Lwn reduced our staff t8ams have sts'll been able lo do Thrtant work devthping our Irairg mrials to be used on th8 MyFamily website. To date the chari$ income and finars have not been significantly adversely affected by COVID 19. The senior managers and P•Jard of Trustees o)ntinue to rrb)nitor the situation •d will tske further appropriate action rf and wher& neaded. Plans for futur8 pèrlods Given the challenges of the pandemic and its effect on direct propd work and travel both Iccally and intwnalionally, our le lumed to use the trne wisety to develop projects to SUPF4Jrt and develop OLtr work in the fuiure. Children of Shanghai (Dc¢umentary) Project Data Too] ReorganIsati Asia Regi¢Jna Te MyFamity Iraning & rneth materrals (DigitaltIon) Children of Shanghai We expect more direct arKI NKfjrect fuTrYlng oppthithes this heart-wamiing film would bring to our organisation. Project Data Tool (PDT) The Project Data To¢4 1$ an to gthr. fflan4e and use nfcffiThticm directly from the prciect siles into a central resource. This wlll link directly stak8holders eXpth1Jn to the Bctual project work in country. The key Importance with the PDT Is that can track eXPtIon of the donor to the grassroot project Outme$ and report bac* to all stakeholders. Page 3
CARE FOR CHILDREN (UK) IA Company Llrnlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Plans for future perfods {contlnuedl R8organisation Asia Reglonal Team (ART) Following the successful exil from China, w8 hava r81ocal8d some Chlnese staff lo use their exp8rf8nc8 and expertise from the China project by baing part of the A818 Regional Team. a peripatetic team that wlll In the future be able lo support and Iraln eounlrles in South East Asia. Th18 reorg8nlsalion will help focus the main expertlse in the region and keep the foGUS of both training and melhuiJology to place children in the countries we are working with. The ART will be re8ponsibl8 for the Support of the delivery of MyFamity training on a digital platform which will house multi languagg dlslribulion. MyFamlly The Charity has comm1881Dned Watering Can Media., to work on this dynamlc training program to create storyboards. manage logigtics and delegating actions to ensure there is no duplicallon. This has given us lime lo flne lune our scdpts, questions and 8Pl8ode slruclure, and piepare our teams to recnjil Interviewees and be confident in Nthal we are asking of them. Also, as part of the training package for IhoBe working offline or in grc4Jps led by a facllltator, wé ha cml8d conlenl for lesson plans to aid thelr learning and creatè group dlscussion lo help the facilrtalor gauge their understanding of the episod8. We have aayS fell that it was important to hear first-hand experiences for famlly carers and helpful lo hear how Care for Children has develop8d over the years. Therefore, we have been plannlng InleNlew8 that WIN enriGh the eplsod8 wilh govarnm8nt officla18, soei81 workeis. children who wère fostered bul malnly family earers sharing their experignce8. InteTW8W8 have now been planned in each of the four counlrles we work in and we have worked closely wllh each country monageT5, our media team and a local filmlng MpanY to sort out the logistics. There have been loglsllcal chalSenges related lo COVID 19 bul we are pleased Ihal filmlng beg8n In Jonuary 2022. We want our dlgilallsed tra5nlng lo be 88 engaglng and acce88bla 88 possible and therefore have been worklng with our in-house anlmalor lo help bring some stories of children's experiences lo lrfe. We feel that il is important lo hear the child's volce and add thelr experience of famlly care Into our training, a8 they are at the heart of what we do. Il'8 important to hear the positive impact of family care and bolonging as these stories help lo embed the leaching wilhln the episode and emphasi$e the importance of OUT Wort. Our anlm81or has al80 created clev8r *)d culluTally4ppropriale 8pisod8 introduction vKle03 which will Ilnk Into other animallons through the tralning. Feedback has been given and small change8 have been made, a8 while we want il lo be culturally appropriate in Asia we also want11 lo be generk enouoh to be used in other conllnenls- should we ba Invlted to work there in tha futur8. ObJ8ctlvo8 and actlvltle8 a. Pollcle8 and objectlves Mlsslon & Vi51on To serve governments of nalions lo pioneer a positive alternative to Inslilutlonal care by placlng chlldren into local, loving families in the community (fostering and adoption). Care for Chlldren's vlslon Is to see'a wortd of children in families.. In setting objecli¥e5 and planning for aciivilies. the Tru51ee5 have gwen due consideTalion lo general guidance published by the Charity Commission relating lo publi¢ benefrt, including the guidance Public benefit.- wnning a oh8rity (P82). Page 4
CARE FOR CHILDREN (UK)
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CARE FOR CHILDREN (UK) (A Company Llmlted by Guarante81 TRUSTEE8' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Achlevements and perfompn¢e . Review of actlvltles The year fed an enormous challenge with the COVID pantsmic worlthide, which carriod massive limitalion5 on our direct project work in Asia. Thailand, Vielnam and Cambodia followed China with l&ngihy lock downs in countrie5 limiting our staff s interventions. Alongsid8 this chall8ng8 W8 becam8 awar8 of the impact the pandemic would have for future work in Asia wth all countries reporting significant numbers of children entering care through losing their parents. b. Fundralslng actlvltle8 and Income generatiol) Care for Chihsren's income generating offices Tn Hong Kong, USA and the UK were effected, h¢)wever giving was up and our donors became very supportive and flexible as a great encouragement to the charity. Since the doc[entary Children of ShaThJhai had ths first debut on TV on 1 June 2021, the fitm has been incredibly well reeeived in the UK and beyond. Many major rn¢1a outlet have highty praised lh8 quality arth power of the film. The documentary has proven to become an extremely effective tool to raise profiles foT Care for Children, a5 well as presenting ils vision, track record, methodology, and achievement in great depth, and within as short as an houf s time. Flnanclal Tevlaw . GoirvJ GonGgrn The Trustees have considered the financial FK)sition of the charity and Group al 31 December 2021. As at the date ofihis report, the charity has continued lo meet its liabilities. The Trustee5 aro confident that the charity can continue its successful track reeord of securing the funds needed to support its valuable work. This will be achi8ved by tha senior managers and fun(Iraising l&am applying for grants and donations. The charity's annual budgets and fundraising log demonstrate how th& income wll be raised to meet all the charitable expenditu and support eO81s. These financial slalements have beèn prepared on the going concem basis. b. Reserves poll¢y The policy of the Board is to seek lo build up a reserve of unrestricted fund$ ffjuivalent lo two months normal operating expenses, or £250.000 which ever is the greater. as a buffer against the in8Vitable cydical nur& of donations raised by fundraising activitie5. In order to build this unrestricted reserve. funds are set aside in a Separate bank deposil account. At this level the Board is confident that il could continue the core acliv5ties of the charity during a cyclical reduction of funding. when il would be able lo achieve a reduction of its programme of aclivilies conslstent wth a lower funding level. Due lo the difficult COVID clrcumslances the level of unrestricted funds did fall in 2020, but the charity cut expendiiure in 2021 and the financial position improved in 2021 and to date. c. Material investments pollcy The charity has the power lo deposf( or invest in any manner (but to invest only after obtaining such admce from a financial expert as the directors consider necessary and hawng regard lo the suitability of investmpnls and the need for diversification). Page 6
CARE FOR CHILDREN (UK) {A Company Llmltsd by Guarantse) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEPIBER 2021 statement of Trustees. responslbllltles The Trustees (wK) are also the directors of the chty for the purposes of conyany law) are responsible for preparing the Trustees, Rep¢t and the finarKia statements in &cordance wth applicabie law and United Kingdom Accounting Stsnds Iunrted Ktr¥Jdwi Generalty ApIed Accounting Pr8Cticel. Company law requires the Tntstees to prepare finanaal statets for each financial yw. Under company law, the Trustees must nc4 approve the financial statemenls unless they are satisfied that they gNe a true and fair view of the stae of affairs of the Group and the charity of thr ncoming resources and application of resources. including thetr income and experKliture. for that Feriod. In preparing these financial statements, the Trustees are required to: select suilable accounting policies a1 appty them ¢orkSi5tently. observe the rneth¢Jds and principles of the Charities SORP (FRS 102)", make judgments and accounting asInte$ that are reasonab]e pwudent,. state whether applKable UK ACCCnting StandaTds (FRS 1021 have been foltowed. subject to material departures disclosed and eined in the fiThancBI statements,. prepare the finarKial statemEnt5 on the gong CanM basis unlèss ft is in8Fvropriate to presne that the Group will continue in bness. The Trustees we respon5ble for keeping adequate acunI1ng records that are suffictent to show expla the GroLP and the tharitls tranwtions and disclose with reasonable accuracy at any time the firsancial position of the Group and the Ch and enable them to re th the financial siatements compty with the Companies AGt 2006. They also reSp(1b[e for safeguarding the assets of the Group and the charity and h8nce for taking reasonable steps for the prevenlKJn and delIOn of fraud and other irrwJularities. Dls¢losure of information to audltor5 Each clthe persons tho are Trustees at the time when thts Trustees. Report 15 approved ha5 Confiftnl Ihal: so far as ttHt Trust is aware. there is no retevant audit lrrfotrh)n of which the charitable group's auditors are unaware. and that Trust* has taken all the steps that ouglrt to have been taken as a Trustee in order to be aware of any relev8nt audit tnfomiation to establish that the tharitabie group's auditors are aware of that fCMatIQn. Audlto The auditors, MA Partners Audit LLP, have ther willingness to continue in dfice. The designated Trustees propLe a tnotion rwanting the ai a meeting ofthe Trustees. Appn)ved by order ofthe members ofthe board crfTr and srd on their behalf by.. Dr Robert Glovgr OBE (Truste&l 115£f t-au/ ac9&a Page 7
CARE FOR CHILIXPEN (UK) IA Company Llmlted ty Guardntee) INDEPENDENT AUDrn. REPORT TO THE MEMBERS OF CARE FOR CHILDREN (UK) Oplnlon We have alited the finanad #atemerrts of Care for Chli dren (UK) (the 'parertt ¢haritable ¢ompanYI and ts subsidiaries (the 'groLP'I for the year ended 31 Deceth 2021 which comprise the Consolidated Statement of Financial ActNitse5, the Consolidated Bance Sheet. Charity Balance Sheet, the Consolidated Ststement of Cash Rows and the retated notes. including a SLmYry clstgnifi¢ant a¢¢ounting policies. The financial reporting framework that has been appltad in their prepalOn 15 applicable law and Unit&J Kingdom Accounting Standards. induding Financtal Rq)ortwig StarKlard 1tr2 The Financial RepKJrting Standard applicable in the UK and Republic ol IrelaThJ' (United lQng(kni GeneraltrAwted Accountwu PractKel. In our opinion the ffinaKial staterrEnts'. gNe a true aThJ fairview of Ihe state of the Grow's and of the parent charitable companVs affairs as at 31 Decerrer 2D21 of the Group's incorning resources and apyicaiion of resource& including its income and expenditure for the year then eThded; have been propety preparèl in accordance with United lfjThJdom Getral A¢¢epted Accounting practi.. and have been prepared n aCcdarKe with the requirennts of the Chariti8s Act 2011. 8asls for oplnion We cLdUcted wr audit in anCe wfth Intemaliona Stsndards on (UK) (ISAS (UK)) and applicable Faw. Our responsibilrties under Ihos8 stsndards are further described in the Audrtor5' re5pon5ibilities for the audit of the financial statements sectTon of our report We are independent of the Group in accordan with the ethical requirements that S relevant to our audit of the fJnarL¢AI ststements in the Unrted ngdorn. incILing the FanCIal Reporting CourKil's Ethical Standard, and have fulfill8d our other ethThl reSpOnbIr111es in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and approprHte to prowde a ba kn our CPinK>n. ConcIlon$ relating to going concern In 8LKliting the ffinancial statements we have conduded tst the Trusteei use of the giing Conrn basls of accounliThJ in the preparation of the financid statements ts 4)propri8te. Based on the work we have perfmed, habe not KlentifEd any material uncertainties relating lo events or conditions that. IlIViduallY or collectNety. may cast sun1rn1 doubt on the Group's or the parent charitable CoMpanS ability to continue as a goirwJ 0)nrn for a WKJ of at thst ts4Efve months from when the financial statements are authorised for issue. Our responsibilities and the pOnsibIlitS of the Trustees with reSpt to wing Gonc8m are described in the relevant sections of this reporL Page 8
CARE FOR CHILDREN (U (A Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MENBER8 OF CARE FOR CHILDREN IUK) {CONTINUEDI Other Inforniatlon The other infornation comprises the infonat)n tncluded wi the Annual Report other the financial slatemenls our Auditors, Rep)rt thern. The Trnstees are responsble for the other inf0mat)n contained within the Annual Report. Our opinion on ts fvwiual statenEnts d02s not coveT the other infomation and. except lo the extent OtheNSe explicitty stated in our report. we do not 8¥press any fonn of assurance concluslon thÈrn. Our responsibllty is to road othor infwnation and. in doing so, conslder whether the other information is materialty inconsistent with the fnanual statements or our knowledge obtained in the course ofthe audit. or olhernvise appears lo be matefialty misstated. If we idenlfy such mat8ri81 inconsistenci8s or apparent maleriaI misslalemenls, we are required lo determine whether this gives rise lo a maleTtal mi5s1alement in the finanal statements themselves. If. based C the work we have perfomied. wg Conclude Ihal there is a materral m¢sstatem8nt of this othw infLYmation. are required to report that fact. We have nothing to report in trus rtgwd. Mattern on whl¢h af¢ rnqulrnd to report by exwtlon We have nothing lo report in respect the fo]lowing matters where the Charltie5 (Accounts and Report81 Regulations 2008 requires us lo report to you rf, in OUT opinion.. tho informatlon gN8n In tho Tw8tees' Report Is Incon$trt th any m*rfal resped wh the financial 8talements,' or the parent charitable company has nol kepl SLrfficienl accounting records.. or the parent charitable cotrpany financial ststémenls we not in agreement with the a¢)UntIng record8 and retwns,, or we have rKJI recrnd all the informknn and explanatlons we requlre for our audit. Responslbll]tbe¥ of tru8t•o• A8 explalned morn fvlly in the Trustees, ResponsR)iliti8s Stat8tront. the Trustees (who are also the directors of thé charitable company for the purpose8 of company I) are responsibb ts the preparation of the finandal statem&nts and for being satisfied that they gNe a twe and fair view. and for such internal control as the Trustees delemine 18 necessary to enable the preparation of financtal 5tatement5 thal are free from material rni$3tatemen( whether due to fraud oremx. In preparing the fthanclal statements. the Trust$ are reswnsibl8 for a85es5ing the Group'$ and Ihe parent charitable company8 abilty lo continue as a going Corern, disdosiry. as applicable, mattgTS ralatad to going concern and using the gng concem basis of accounting unless th8 Truslees either tend lo liquidate tho Group or the parent chariW)le company or to c8a5e OpKIn5, or have Tr) realistic atternative but to do so. Page g
CARE FOR CHILDREN (UIQ (A Company Llmited by Guarantee) IND&QENDENT AUDITORS. REpoirr TO THE MEMBERS OF CARE FOR CHILDREN (UK) {coNfiNUED) Auditors. responsibilities for the audit of the fUla1 statements We have been appointed as aUdItc under sectK)n 151 rf the Charities Acl 2011 and report in accordance wth thé Act and retevanl reguL4lbJrL nxd8 or haying effedthewrKler. Our objectives to otain reasonth assur¥ 4)¢)ul whthr the fmancial slalements as a whose are free frcrfn material misstatement. ether due to fraud or em)r. and to issue an Audit, Report that includes our opiniDn. Reasonable assuran is a high level of asSurar. but is not a guarantee that an audit conduct1 in accordance wrth ISAS (UK) Y*1 always detect a materia m15Statement fften tt exists. Misstatements arrse frcrfn fraud or error and are nSIdered material rf. IndrduallY or in the aggregate. they could reason&sly be expected to lrtfluen the en(niC dl$lon$ of users taken on the bas of tsse ftnancial statements. IrreguParities. indurfing fraud. are tnstances of ncTrcompliance wilh laws and regulations. We design pradureS in line wth our responsibilities. outlined thve. to detect material misstatements in respect of irregularities. including fraud. The extent to our procedures are c4a)le of deteding irregularities, induding fraud is detsiled below. Explanatlon as to what extent the audft vrn5 consldered capable of detecting irregularitles. Includlng fraud The oF4'ectNes of our audit in rasped of fraud. ar8", to id8ntify a1 assess the risks of material misslatemenl of the financial sialements due to fraud. to cthin sufficient appropriate aUrt evidence regarding the assessed risks of material misstatement due to fraud, Ihrryjgh de5•3ning implernenting appKopriate responses to those assessed rtsks., and lo respond appropriatety lo [nSlan of fraud or suspected fraud identrfEd during the audil. However. the FKimary resp)nsibTri y for the prevent)n and detectIC of fraud rests vrfth tryjth management and those charged with govemance of the parent chartaije conyany and group. Our approach vras as follcTh¥5.' We obtained an understanding of the and regulatory requrements applicable lo the parent charitable company and group and considered that the nTr)st sunrficanl are the Companies Act 2008. the Charities Act 2011, the Charty SORP, and UK finarKial repng standards as issued by the Financial Reporting Counol. We obtained an Undersding of hcw th8 parent charitabte anY and group cKJmplies with these requirement5 by discussions yth mement and those charged wth governancè. We aSSed the risk of mterial misstalenwt financial statements. including the risk of material misstatement due to and Fw)w it might cteur. ty holding discussions with management and those charged with g0vemn. We inquired rnement and ih05e charged with gtr4emance as to any known instwces of Tr) Jmpliance or suspecled rKm-COTrpllan wilh law5 aKI wuL8tions. Based on this unde1and1ng, we design Speci apprrslriate audit procedures to trjentify histances of non-compliance wrth laws and regulatIc$. This I1(ed making enquiries of manageTnent and those charged wrth govemance arKI obtaining addittonal corroboratNe eviden as required. Page10
CARE FOR CHILDREN IUK) IA Company Umlled by Guardntse) INDEPENDENT AUDITORS. REPORT TO THE VAEMBERS OF CARE FOR CHILDREN IUKI IC¢JNTINUEDI Because of the inherent MallonS of an audit. there is a risk that we will not detecl all Irregularttles, Includlng those leading to a material misslalemenl in the financial siatements or non40mplionce wh regulation. This risk increases Ihe more that compliance Wblh a lay or regulati( is remDV8d from the events ard transactn5 reflected tn the financlal ststements, as be less likety lo become aware of instances of nonthcompliance. The risk 15 0150 greater regarding irregularities ctcurring thJa lo fraud fathor than error. as fraud irM)Ives intentional conceaknent. ery. 7]uthn, Ornn or rnrepre8on. A further description af our r8sponstilities lor audit of the financHI statements Is located on the Financial Reporting Counol's webth aL' This de8¢ription foTms part of our Auditors. Rep¢)rt. Ule of our report This report is made 801ety to the Ch*itae cow5 trustees. as a body, in accordance wilh Part 4 of the Charities (Accounts and Report8) Regulations 2008. Our audit work has bean und6rt8ken so that we might slate to the ch8rilable compan18 trustees th05e matters are required to 8tate to Ihem in an Auditors, Report and for no other purpose. To th8 fullest extent pemiitted by law. we do not aceepl or assume responsibility lo anyone other than the charitable company arKI tts members, as a body. for our audit work. for thig report. or for the oplnlons we have fomiéd. IA Partn8rn Audft LLP Chartered Accountarts and Statulory Auditors 7 The Cbse Norwich Nortolk NR14DJ Date.. 22 September 2022 MA Partners Audll LLP are ellglble lo as in termB of%ctvJn 1212 of the C¢Jmpanies Act 2006. Page11
CARE FOR CHILDREN (U IA Company Umlted by Guarantee) CONSOUDATED STATEMENT OF FINANCIALACTivrriES UNCORPORAnNG INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Unrnstrlctsd Restricted lunds funds 2021 2021 Total funds 2021 Tdal lunds 2020 Income from: Donations and legacl88 Investrnenls Other incame 680,079 698.31X) 1A78,379 38 1.118.989 912 27,431 87,649 Total Income 767,766 698AOO 1,486,066 1,14T,332 Expendlture on: Raising funds Charitsble activiti08 136,678 572.887 136,678 1237.168 143,390 1. 19&040 6K281 Totsl expFJndltUTO 709.565 664281 1,373.846 1,341,430 Net Incomell•xpendltUT•) Transfers betren funds 08,201 18,780 34,019 (18,760) 92,220 (194,098) 17 Not M0ment In funds 76,951 15,268 92,220 (194,098) Reconclllatlon of fundg: T1 fLmds brought forYfaTd Net movement In funds 160 76,951 202.684 16,269 353.527 547,625 (194.098) Totsl funds carrled foThwrd 227,794 217,953 445,747 353.527 The Consolidated Statement of FinCl81 AraivitM indudes dl gains 8nd losses recogni5ed tn the year. Tha note8 on pages 1810 35 form part of these financial slatement& Page 12
CARE FOR CHILDREN (UK) {A Company Limited by Guardnteo) REGISTERED NUMBER: 05538700 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note Flxed assets Intanglblg aBsals 13 186,995 198, 129 186,996 198, 129 Current a868t8 Debtors Cash at bank and In hand 15 81,218 243,506 10, 764 242,369 324,724 253, 133 Creditors.. amounts falling due wlihln one year 16 {45,9721 r97, 735) Not current assets 278,762 154398 Tot818gset81¢$8 ¢urr•nt Ilabllltle8 445.747 353,527 Total net ag8¢t8 445,747 353,527 Charlty funds Restricted funds Unreslrlcted funds 17 17 217.953 227,794 202,684 150,843 Total funds 446.747 353,527 Page13
CARE FORCHILDREN (UK) IA Company Limlted by Guarantee) REGISTERED NUA48EL" 05538700 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021 The charity was entitIj to eWnpt[ from Undersec1p 477 ofthe Companies Act 2006. The members have n¢A required the entity to d)tain an audit for the in question in ac¢ord8n¢e with 8e¢tion 476 ofthe CCpleS Act 2C6. However, an audrt is rquired n aCc(xd8efth sectM)n 151 of the Charitss Act 2011. The Trustees acknowledge their responsbi ilities for comptying ¥th the rg]urements of the Act with respecl to accounting records and PreParan of firncial statements. The fancial Statements have baen wepared in Ko)rdar wth the provIs)nS appllcable to ertrties subject to the snwl companies regThne. The financial slatements were approknj aut1Ki for by the Trustees and signed on their behalf by.. Dr Robert Gi(Iver OBE wslee) The notes on pages 18 to 35 fcfft part Of1h fin1 statement& Page 14
CARE FOR CHILDREN (UK> (A Company Limited by Guarantee) REGISTERED NUMBER: 05538700 CHARITY BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Flxad ass8ts Intangible assets 13 166,995 198.129 166,995 198,129 Current assets Debtors Cash at bank and in hand 15 80,852 204,734 10.764 208,537 285,686 219.301 Creditors.. amounls falling due within one year 16 (45,9721 (97.227) Net currant assets 239.614 122,074 Total assets less current liabilities 408.609 320,203 Tot81 net assets 405,60 320,203 Charlty funds ReslriEted funds Unrestricted fvnd8 17 17 217,953 188,656 183,935 136.268 Totsl funds 406,609 320,203 Pag& 15
CARE FOR CHILDREN (UK) (A Company Limited by Guaranteg) REGISTERED NUMBER: 05538700 CHARrrf BALANCE SHEET (CONTINUED) AS AT 31 DECEM8ER 2021 Th8 chaiitywas entitted to from a]it under sectTh 4T1 ofthe Cc¥ryianies Act 20L%. The membèrs have not required Ihe entty to d)t&n an audit for the year lll question in accordance wih section 476 of the Compani8s Act 2tJ8. H¢Jwever. an audit 15 reqillTed in accordance wth sedion 151 cf the Charthes AGI 2011. The Trustees acknowledge their re5ponsibifities for wtlh the wuiremerts of the Act with respe¢t to accounting records and preparat#)n of finaKial stslements. The financial statements been Fyepated in accordance with the provisioyts •pk¢le to entiltes subject to the small companies g]rne. The financial statemnts were apprOd and authrised for issue tythe Truslees signed cffl their behaw b. Dr Robert Glover OBE ITfUStee) The notes on pages 18 to 35 form part ofth8se fmancial st&1. Pa3e 16
CARE FOR CHILDREN (UK) IA Company Llmit¢d by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash flo from operating a¢tivities Nel cash used in oporaling activities 20 36,546 (112,975) Ca8h flov from Invostlng actlvltl86 Purchase of IntangblB assets (34,4081 (107,009) Net cash us¢d Sn Investlng act1v19¥ (34,4081 (107,009) Change In cash and cash equlvalents In the y•ar Cash snd caAh aqulv818nlB at tha beglnnlng of thè year 1,137 242,389 (219,984) 462,353 Cash and cash •qulval•nts at th• end of the year 21 243,808 242,369 The nol•8 on paga8 18 to 35 fomi part of Ih08e financlal 81alements Page 17
CARE FOR CHILDREN (UK) (A Company Llmited by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 General Informatlon The Charity is a ¢ompany limited by guarantee. The members of the charity are the Trustees named on pag& 1. In the event of th8 charity being wound up, the liability in resp8Ct of the guarantee is limiied to £1 per member of the charity. ounting poliGies 2.1 Basls of preparatlon of financlal statements The financial stslements have been prepared in aCCordce with the Charities SORP {FRS 102) - Accounting and RepDrting by Charities.. Statement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) leffeclive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and thè Companies Act 2006. Care for Chlldren IUKI meets the definitlon of a public benefit entty under FRS 102. Assets and liabilities are initially recognised al historical Gost or tr4n$?1On value unless otherwi8e 818ted in the relevant accounting policy. The Consolidated statenI of Financial ActNities ISOFAI and Consolidated Balance Sheet consolidate the financial ststemenls of the Group and its subsidiary undertaking. The resu]ts of the subsidiary we consolidaled on a lin8 by line basis. The Group has taken advantage of the exemption allowed under section 408 of the Companie5 AGt 2006 and has not presented ils own Slalement of Financial ActNities in these fmancial statements. 2.2 Golng con¢8m The Trustees are confident that the charity Can continue its successful track record of securing the funds needed to support its valuable work. This will b8 achieved by the senior managers and fundraising team applying for grants and donatTons. The charity's annual budgets and fundraising log demonstrate how the income will be raised to meet all tha Charitable eypenditure and support Gosl5. The Trustees therefore consider it appropriate to prep8re these finanryal stalemen15 on th& going concem basis. 2.3 Income All income is recognised once the charity has entftlement to the incom8, it is probable that the income will be received and the amnt of incoma receiv*•le (xn be measured reliabty. Grants 8re included in the Consolidated Statement of Flnanclal Actlvities on a rec9ivable basis. The balance of Income recew8d for specific purposes but not expended during the p8fiDd is shown in the rel&vanl funds on the Balance Sheet. Where income is reCeTrd in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entiUem8nt cccurs before inccrfne is received. the income is aCced. Page18
CARE FOR CHILDREN (UK) (A Company Llmlted by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcl88 (contlnwd 2.4 Expendlturn Expenditure is recLvJni5ed once there is a legal or o)nstructive obl¢gallon lo transfer economlc benefjt to a Ihird paty, it is prObae that 8 transfer of economic benéffts wll required in $8tt18ment and the amount ofthe oblw3akn can be Trsurj rel•. Expendituré on rsising funds incIe8 all expeThJiture incurred by the Group to raise funds for 118 charitable puryjoses and Indude5 costs of all fundra15ing activittes events and non<harltable tradlng. Expenditure charitabl8 8Ctivitses is incurred on rfiredly undertaking the 8cthrftle8 whlch further the Group's oblertives, as well as any associated support costs. Ail expendIlu b Indus1 of IfrecLwabl8 VAT. 2.1 Government grnnt8 Govemment granls are credited lo the Consdldaled Statement of Flnanclai Aclivilie8. 2.6 Internst r•cel¥abl• Interest on funds held on deposit 18 when receivable and th8 OUnt can mea8ured Teh'abty by the GrcMJp: thi8 is nomidly Up nOtiftM of the interest paid or payable by the Instslutlon with whom the fijnds are depted. 2.7 Forolgn currnnclo¥ The tharitl8 fvncti)nal and PrentatI)nal curreY 15 GBP. Monetary 8ssel$ and Itatslits deTlinaled fft ftyewn ¢urrenoes are tr8nsbled into steding al ralgs of exchange rulirvJ at the reporting d& Transactions in forewJn currencjes transl Into at the rate ruling on th8 date of the Iransaclion. Excharoe gan$ and bsses are rewgni8ed in the CL0[1da1ed Statement of Financial Athitles. 2.8 Taxatlon The ch8rity Is considered to pass the tests set out n Paragwh 1 Sch8dule 8 of th8 Finance Act 2010 arKI therefore it meets the defirlltii of a charitable conwny for UK corporation tax purpose5. Accordingly, the charity pdentially exempt from taxati re$pèct of iicome or capital galns rec9ived within cegories covered by Chapter 3 Part 11 of Ihe Gorporotion Tax kl 2010 or Sectlon 256 of tr Taxation of Chargeable Gains Acl 1W2. to Ihe extent that such income or galns ara appli8d 8xcIusNely to charilabte wrpJ5es. Pe 19
CARE FOR CHILDREN {UKI (A Company Llmltsd by Guardnteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles (continued> 2.9 Intanglble assots and amortisatlon Intanglble aysels ar8 Initially Tecognised at cost. After recognltlon, under the co81 modèl, Intarylble assets are measured at Cogt le8s any ¥GGumulaled amortisatlon and any acGumulat8d Impaimient losses. Amortisation 1$ provided on intangible assets al rates calculated to write off the cost of aach as8el on a straight-line ba515 over its expected useful life. Amcrftlsallon Is provided on the fallowing ba818: Documentary and web8rt0 20 % stralghl Ilna 2.10 Dgbtor8 Trade and other d8btor8 are recognlsed al the 8ettlem8nl amount after any trade thscounl offered, Prepayments are valued at the amount prepald net of any trade dlscounls duè. 2.11 Ca8h atbankand In hand C88h at bank and in hand Includes cash and short-lemi hlghly Ilquld Investmen18 with a Short maturity of thr88 month8 or less from the dal8 of scqulsltlon or oponlng of thè doposit or similar account. 2.12 Llabllltl08 and provlslon8 Llabilllles are rscognlsed when there18 an obllgalion at the Balance Sheet dale a8 a re8uK of a pasl event,11 Is probable that a transfer of economic bonèfit wlll bè required in 8etllernenl. and t amount of the 8ettlement can be 881imated reliably. Liabilities are recognised al the amount that the charity anllcipates it will pay lo settle the debt or the amount il has received a¥ advanced payments for the goods or services it must provide. 2.13 Flnanclal Instruments The Group only has financlal assets and flnanclal Ilablllles of a klnd that quality as b831c financlal instruments. Basic financial instruments are initially recognised at transactiDn valu8 and sub5equen15y measured al their settlement value with the exception of bank loans which are $ub8equentty measured at arMrtIS8d cost using the effective interest method. 2.14 Operatlng18888S Rentals pald under operating leases are charged to the Consoildated Stal8ment of Finan¢l81 Actl¥llles on a stralght Ilne b8sls over the lease lemi. 2.15 P8nslons The Group operates a deflned conlrIbullon penslon scheme and the pensSon charge represents t amounts payable ty the Group to the fund in respect ofthe year. Page 20
CARE FOR CHILDREN (UK) {A Company Llmlted by Guarantgfr) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollclé8 {contlnuèdl 2.16 Fund accountlng General funds are unrestricted fund8 which are avallable for u8e at the dl8crellon of the Tru81ee8 In furtherance of the general obl8cIIv88 of th• Group and which have not been designated for other purp)se8. ReBtrlcl8d funds ar8 funds which ar8 to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for partlcular purposes. The costs of ralsing and admlnlstsrfng such funds are charged against the specific fund. The aim and use of each reslricled fvnd is 88t out in the notes to the flnanclal slalem8nl8. Investm8nt ineoma, g8ln8 and1088e8 are allocated lo tha appfoprfale fund. CrltlcAI accountlng e8tlmat88 and ar•a8 olJudgm8nt The preparation of financial statements requlr83 the use of a¢courtling estimate8 whlch, by definrtion, wlll 8eldDm equal the aGlual re5ulls. Management also needs lo 8xerclsejudgem8nl In applylng the grcup's accounllng policies. E81imates and judgemen18 are continually evaluated. They are based on hlslorlcal eyperfence and other factors, Includlng expectallon3 01 future events that may have a financial Smpacl on the entliy and that are belleved lo be reasonable under th8 Circumstances. Crillcal OuntIng 8811mat88 and a88umplions: - e811maled useful life of Intsngible a85e18- See note 2.9. Pagg 21
CARE FOR CHILDREN {UK} (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from donatlons and legacles Unrnstrlcted Re8trlcted fundg funds 2021 2021 Total fund9 2021 Total funds 2020 Oonatlons Grants 680,079 680,079 698,300 773, 764 345,225 698,300 Total 2021 680,079 698,300 1,378,379 1, 118,989 To1812020 773, 764 346.225 1, 118,989 InVtment Incom? Unrestrf¢ted funds 2021 Total fund8 2021 Tol81 funds 2020 Bank Intere8t 38 38 9t2 Other Incomlng resources Unrestrfctsd funds 2021 Total funds 2021 Total lunds 2020 Government grants Sale of vehlcle 80,561 7,088 BO,561 7,088 27,431 87.649 87,849 27,431 Included wthin grant income is UK government grant income of £76.382 from the Coronavirus Job Relenllon Scheme. There are no unfulfilled conditlons or other conllngencles attaching to grarrt5 recognised in income. Page 22
CARE FOR CHILDREN (UK) IA Company Llmlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Expenditure on ralslng funds Costs of ralslng voluntary Income Unrestrlcted funds 2021 Total funds 2021 Tolal fvnds 2020 Costs of ralslng voluntary Income Costs of raising voluntary income- wages and salarie8 74,448 62.230 74 82,230 40,632 102, 758 136,678 136,67 143,390 AnalyslB of oxp•ndlture on Gharltablo actlvltlo8 Summary by fund type Unrestrlcted Rgstrfcted funds funds 2021 2021 Total fundg 2021 Tolal funds 2020 Dlrecl costs- Activities 572,887 664,281 1,237.168 1, 194040 Total 2020 787,862 410,178 1,194040 Page 23
CARE FOR CHILDREN (U (A Company Llmited ty Gratea> PK)TE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEh1BER 2021 Analysls of exp8ndlturè by activitigs Atlivities undprtaken dlrecuy Support Total fund5 2021 Total funds 2020 2021 Direct CO8ts-ActNibes 914,106 323. 1.237,168 1.19&040 Tot812020 882,051 31&989 1. 194040 Analysls of dlr•ct Costs Total fund• 2021 Tolal 2020 Staff costs Projeci expgns Travel Office rent DIre staff e>pen50S 748,307 79,533 22,293 63.973 741,367 2&420 26.323 81 152 6, T89 914.106 882,051 Page 24
CARE FOR CHILDREN (UK) IA Gompany Llmltsd by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 DECEMBER 2021 Analysls of •xp•ndltur• by actlyltles (contlnuedl Analy819 of Support costs Total funds 2021 Total funds 2020 Staff costs Amortisalion Office rent Pr8mi58S Office expen868 and 8tatlonery Bank charg95 and Interest Foreign exchange Miscellaneous Qovemance c08t6 106,13B 65,541 21,712 13,435 60,304 3,720 13,076 2,648 36A89 114033 659 19. 701 10,308 39,921 2,494 11,484 4,988 50,401 323,062 315,989 10. Audltors. rernunerallon 2021 2020 Fees payable to the charfV8 auditor for the audit of the charitls annual accounts 7,200 7.200 Fees payable lo the chadvs audftor In respect of.. All non4udit seNices not included above 2,659 1,936 11. 8taff costs Group 2021 Gmup 2020 Trugt 2021 Tnisl 2020 Wage3 and 3alarfeg Soclal $8curity costs Operating costs of defined benefit pensian Schemes 705,167 183,492 754912 175270 666,301 183,492 714322 IT&270 28,016 29.976 28,016 29,976 916.670 962, 158 877,809 929,568 Page 25
CARE FOR CHILDREN (UK) {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. Stsff costs {contlnued) The average number of persons empl¢)yed by the charity during the year was as follow5: Group 2021 Group 2020 No. Management staff Project staff 12 12 30 42 The number of emptygj ¢)Se employee benefits lexcludSng employer penslon ¢08tsl exceeded £60,000 wa6: Group 2021 No. Group 2020 In the band £80,001- £90,000 The t¢)tsl remuneratlon for key management personnel for the yeartolalled £257,627 (2020.. £257,685}. 12. Trustee9' Temuneratlon and expenses During the year, one Trustee has been pald remunerallon for employment a8 Executlve Dlreclor of the charity as follows.. 2021 2020 Dr Robert GIov8r OBE Remunerallon Pen8Kin ¢ontribulion$ paid 78,027 7.803 78,027 7,803 rAJring thè y8ar ended 31 December 2021. no Trustee expenses havé be8n Incurred (2020- £NIU. Page 26
CARE FOR CHILDREN (UKI IA Company Limited by Guarantao} NOTES TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2021 13. Intanglble assets Group and Tntst Docurn8ntary and webslts At 1 January 2021 Additions 293,297 34,408 At 31 DeCber 2021 327,705 Amortlsauon At 1 January 2021 Charge for the year 95,168 65.542 At 31 December 2021 160.710 Net book Value Al 31 December 221 166,995 At31 December2020 198, 129 Pe 27
CARE FOR CHILDREN (UK) {A Company Llmlled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. Tanglblg flxgd assets Group and Trust Motor vehlclos Offic• equlpment Total Cost or valuatton Al 1 January 2021 Dlsposals 13,883 113,883) 17,090 30,973 {13,883) Al 31 Decèmbér 2021 17.090 17,090 DeprOG1aQn Al 1 January 2021 On disp05als 13,883 {13.883} 17.090 30,973 {13,883) At 31 Decamber 2021 17.090 17,090 Net book valuè At 31 Decamber 2021 Al 31 Dec8mbar2020 15. Debto Group 2021 Group 2020 Trusl 2021 Tntsl 2020 Due within one year Olhgr debtors Pr8payrn8nts and (u#d Incomè 29.686 61,532 10.764 29,320 51,532 fO.764 81,218 10, 764 80,852 10,764 Page 28
CARE FOR CHILDREN IUKI (A Compaffty Limited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 16. Credltors: Amounts falliry due wlthin ono year Group 2021 Gmup 2020 Twst Tm$( 2020 Othertaxation SOGid seojrity other ueditors 11272 33,71XI 24618 7Z117 12,272 33,71N) 25,618 71.609 4&972 97.735 45,9n 97.227 17. Statement of funds Statement of funds- current year Balance at Balance at 1 January 2021 31 Trdnsfers December inlout 2021 Incomg ExpendSture Unrestrfcted funds General Funds- all fvnds 150.843 767,766 1709,565) 18,750 227,794 Restrlcted funds Camborfia fund Documentary India and Nep PPE Digitafisation China COUnI1Y Centre Vietnam famity placement progTammes Promotion of fostering in Thaand 178.792 332.n7 51,783 1367.229) (51,7831 144,300 18,750 142 118,750) 6.142 68.511 124.668 17,152 (56.1571 1,015 (87.015) (84945) 21Y2,684 698,300 (S281) {18,750) 217.953 Totsl of funds 3537 1861066 (1m3.846) 44S.747 Page 29
CARE FOR CHILDREN {UK) IA Company Llmlted by Quarantee) NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2021 17. Statomtnt of funds (Continued) The Cambodia fund is lor international meetings and visits to further promote fostering in Cambodia. The Llght Foundation Fund represents funding receivable from Ihe Light Foundation to support the launch and development of Care for Childran's pilot project in Cambodia. Under the grant agr8emenl, Care for Children wll receive 8 maximum of $300,000 per year for 3 year8. The Childfen of Shanghai documentary fund supports the development of a documentary that tells the story of some of the fir8t children in Shanghai that were placed into foster families by Care for Children. Th8 reslrictlon applicab18 to the88 funds is met as th8 charity incurs expenditure on the documentary as there no restrilOn$ on the intangSble asset. The India and Nepal fund for an exploratory vlsll to scope out a potenllal fosterlng project In th08e countries, the funds have now bean liansfgrred to unrestricted fund8. The PPE furKI18 lo cover the c081 of hygiene produc18 to protect ffom the 8pr8ad of COVID 19. Dlgilallsatlon Fund Is for th8 dèv8lopmènl of a b311& provldlng a of onllnè rè80urc88 In famlly placement to ensure our tralnlng Is as accesslble as po88lblg. The Chlna Community Centre fund Is part of the famify-placement programmes for the development of foster care in China, giving orphaned and abandoned Children the opportunrty of growing up Sn loving, local famllle8. Tho Vielnam fund l¥ f¢r is for the deVelOpnt of f05t?r care In Vietnam, The Developlng Thalland famlly-placement programmes Is forthe development of foster care In Thailand. Page 30
CARE FOR CHILDREN {UK) IA Gompany Llrnlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 17. Statem•nt of funds Icontlnuedl Statement of funds- prlor year 8818nce 81 31 Transfers Deoemb in/out 2020 Balance at l January 2020 Inmme E¥pgnditurè Unr•strlctèd fund8 General Funds- all lund8 23&577 802.106 (931,252) 41,412 150,843 Restrlcted tundB Dèveloping China family- placement programmes Developing Th811and famlly- placement programme5 Cambodla fund Vlelnam fd Documentary India Bnd Nepal PPE 30,618 1716 (34,334) 20,811 120.489 76,969 41,412 18,750 63,651 167,086 69,534 36,096 (84,462) (108,783) (146,503) (36,096) 178,792 (41.412) 18,750 5, 142 5,142 309,049 345,225 (410,178) (41.412) 202,684 Totsl offund$ 547,626 1. 147.331 (1,341,430) 353.527 Pagè 31
CARE FOR CHILDREN {UKI IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 18. Summary of funds Summary of fund5 - current year Balance at 31 December 2021 Balance at 1 January 2021 Translers Inlout Incom& Expèndlturè General fvnds Restricted funds 150,843 202.684 767,766 698.300 1709,5651 1664.2B11 18,7SO (18.750) 217,953 353,527 1,466,066 11,373,846) 445,747 Summary of funds- prlor year Balance al 31 Transfets Decemb8r 2020 Balance al l J8nu8ry 2020 Income Expenditure G8neral funds Restricted funds 238,577 309,049 802, 106 345,225 (931,252) (410.178) 41,412 f41,412J 150,843 202.684 547,626 1, 147,331 (1,341,430) 353,527 19. Analysls of net assets beiweèn funds Analysis of net assets botween funds- Gurr9nt year Unrestrlctsd Restrlcted funds funds 2021 2021 Total funds 2021 Inlanglble fixed assets Current assets Creditors due wiihin one year 166,995 106.771 {45.972) 166,995 324724 145,972) 217.953 Totsl 227,794 217.953 445,747 Pe 32
CARE FOR CHILDREN (UK) (A Company Lhnlted ty Guarantee) NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 DECEMBER 2021 19. Anaty818 of not assets between funds (conllnuedl Anatysis of net assets between funds. prlor year Uns111cted funds 2020 R8Stiicted unds 2020 Total funds 2020 Intangble red assets Curwt ossets Creditors due within on8 year 198. 129 50.449 (97.735) 198,129 253, 133 (97,735) 202,684 Total 150.843 202.684 353,527 R¢¢on¢lllatlon of n¢t mov¢mwt In fvnd$ to net cash flw from operatlng actlvlths Group 2021 Group 2020 Net incomeleyoendilure for the (99 per Statement of Financrdl A¢tivities} 92220 (194.098J Adjustmonts for: Amortisation charge8 DeGrea5ellinGreasel in debt Decrease In creditors 65,542 (70,4541 (61,763) 58,659 54.385 (31,921) Net cash provlded byl(used In) operntlng actl¥llles 35,545 (112,975) 21. Analygls of cash and $h equlval•nts Group 2021 Gmup 2020 Cash in 243.506 242.369 Total cash and cash equlvalents 243,506 242,369 Page 33
CARE FOR CHILDREN {UK) IA Company Llmlted by Guarnnteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 22. Analy818 of changes in net debt At1 January 2021 Cash fl¢)Y At31 December 2021 Cash at bank and in hand 242,369 1,137 243,S06 242,369 1,137 243,506 23. Penslon commltmonts The group operates defined Contriblon pension schemes. The assèts of the schemes are held separately from those of the group in independently administered funds. The pension cost chargo pSentS contributions payable by the group to the fvnds and amounted to £28,016. Contributions of £2.968 were payable to the funds at the batance sheet dale and are included in CTedrtars. Operatlng lease commltsn8nts At 31 December 2021 the Group and the charity had commitments to make fure minimum lease payments under non<ancellable operating lease5 as follows.. Group 2021 Grot 2020 Not laterthan 1 year 4.080 Page 34
CARE FOR CHILDREN IUKI (A Company Llmlted by Guarantee) NOTES TO THE NNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Related party transactions Dumg the year r¥nuration ind1 Pensi of £42.200 <22tr. £422001 was paNJ to Thomas Abbott, an employee the drity. Thom Abt i8 a chxe farnlly member of Trustee and Executive Director. Robert Glover. During the ye, remuneration of £170 (202Q. £1,888) was pahj to Lois 11, an employee of the charity. Lois Hall is a cl¢)se family member of Trustee and Executi Direthr. Robert Glover. During the year. remuneralbjn of £20.000 (2020: £20,OOD) was paid to Eloabeth Glover, an employee of the charity. Elzabeth Glover is a close famly member dTruslee and ExecutNe Director, Rc&ert Glover. During the ye¥, the charty Wds inwX1 £16.533 (202tr. £17.833) by Johnny Hall for seNces Proded. During the year. remunefation of £Nil (2020.. £1.4T7) was paid to Johnny Hall. Johnny Hall is a close family fflenknerof Tnkn and Executive Dweclor. R¢)bert Glover. During the year, £245.052 ¢20. £104.855) Wds received from th)nations. fundraising and grls. from Tnjstees and board member& Prlnclpal 5ubsldlaTles Details ofthe material subsKliary ofthe grw> we as fr4h)va" Care for Chlldrgn (US) Subsidiary name Basis of ctrol Care fix Chikjren (US) Control over subsNli8ry 81 board level Total asset5 as at 31 December 2021 Total liilities as at 31 Deceffer2021 Total equty as at 31 December 2021 £35.721 £35.721 Tumover for the year ended 31 December 2021 £549,200 Expenditure for the yearended 31 Dember 2021 £(539,464) Profft for the year ended 31 December 2021 £9.736 in addition, the follcjwing Mpan are n(Trniid sub&diaries of the group (the resuts ofwhich are also inctuded in the consolidated xcountsl. Care for Children (H K) knmited Grace Training (HK) Limited My Family (Beijing) Company Limited Page 35