## **REPORT OF THE DIRECTORS AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **FOR** **SMILE FOR LIFE CHILDREN'S CHARITY** **SMILE FOR LIFE CHILDREN'S CHARITY** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 7| |**Independent Examiner's Report**|8| |**Statement of Financial Activities**|9| |**Balance Sheet**|10 to 11| |**Cash Flow Statement**|12| |**Notes to the Financial Statements**|13 to 25| |**Detailed Statement of Financial Activities**|26 to 28| **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** 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 2024. 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** Our objectives are to relieve the poverty sickness and distress whether physical, mental or otherwise of children primarily but not exclusively in the regions of the Northeast of England and other areas within the UK as decided by the Trustees from time to time, who are in conditions of need, hardship and distress. The charity is committed to assisting disabled and disadvantaged youngsters by awarding items, services and experiences such as specialist equipment, garden makeovers, therapeutic breaks and residential trips; we strive to ensure that what we provide will enhance a youngster's life and give them the opportunity to smile. ## **Public benefit** The Trustees have paid due regard to the guidance of the Charity Commission on public benefit in deciding what activities the charity should undertake. ## **Grantmaking** Applications are reviewed upon receipt to check eligibility; a supporting letter from a professional is also required, explaining how the request will make a difference to the child's life. Wherever possible, a visit to the applicant will be made by a senior member of the team prior to the final assessment. This visit is to aid a valid assessment of the application; to ensure a genuine need is present and that the request is most suitable to fulfil the child's need. Once this criteria is satisfied an acknowledgement letter/email is sent. Those that meet the criteria are taken forward and a written assessment by the CEO is sent by email to the trustees two weeks before their planned meeting. Trustees are given the opportunity to ask any questions or request further information before the forthcoming meeting at which a decision will be made on each application. A decision must be agreed by a majority and a letter of determination is sent to the applicant within 2 weeks of the meeting. Page 1 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** Our charity has evolved and grown greatly during the 15 years since it was established. Our trustees and CEO have recognised changes in society, listened to professionals, parents and carers and researched provision and facilities for young people, thus determining where the gaps are which prevent many disabled youngsters from reaching their full potential. As a result of this research, it is clear that when disabled youngsters prepare to leave education, there is still a significant lack of opportunities and support to help these youngsters as they move into adulthood, meaningful voluntary roles and indeed, paid employment. This is due to many factors; lack of awareness and understanding amongst employers meaning new appointments quite often fail in the early days, lack of support for young people during their transition from education, very few opportunities to gain work experience and confidence for youngsters with additional needs and the lack of suitable roles available in the local jobs market. As a direct result of this need, Café Beam was established in 2014 on our small premises in Gosforth; a real workplace where we could offer placements to youngsters with disabilities and learning difficulties who needed support with their transition from education into the world of work. Café Beam provides the correct environment for young people - providing trained volunteer mentors and staff to oversee, support and teach skills, knowledge and confidence required for many different work tasks. Café Beam has grown considerably as it enters it's 10th year, and we now work with more than 30 educational partners and many parents, carers and agencies, who are passionate about their youngsters reaching their full potential. This has resulted in hundreds of youngsters enjoying a meaningful work placement in Café Beam, (Gosforth and Ouseburn Farm) and on our allotment in South Gosforth, which we obtained in 2020. The outcomes have been wide and varied: all of the youngsters have learned new skills which are transferable to many workplaces, they have gained real life work experience through maintaining high standards of customer service, handling money, taking orders using modern technology, and communicating effectively with colleagues and customers. Every young person on work placement is supported by trained staff and volunteers. Volunteers are fundamental to the success of Café Beam and indeed the development of the youngster they support - the relationship is one of trust, understanding and support as they guide youngsters in all elements of their café role. In addition to this, our volunteers bring a wealth of experience and knowledge from a range of careers and roles in the community. The increase in confidence of so many youngsters is almost tangible as they become motivated to travel independently, look after their uniform and take responsibility to arrive for work on time to carry out their role in a professional manner, often leading to paid employment or meaningful voluntary work following completion of their placement. Social isolation has been reduced for these youngsters as they enjoy consistent interaction with others which in turn has huge benefits on mental health. Our campaign, Empower and Employ enjoyed a second seminar in September 2023 - more than 40 guests attended and listened to Phillippa Chaplin, Educator in Neurodivergence, about behaviours and strategies to use in the workplace to support colleagues and potentially new members of staff. The audience heard from some of young people and clearly saw and heard about the skills, qualifications and aspiration to work, which they are so passionate about. Following 12 months of research and planning reported in last years annual update - we were delighted to open our second Café Beam on the premises of the wonderful charity, Ouseburn Farm, in March 2023. This Café Beam has recently celebrated its 1st Birthday and has made a huge impact on so many young people enjoying work placement opportunities. We are delighted to report that Café Beam @ Ouseburn Farm has created 42 weekly work placements for youngsters with additional needs and 3 paid roles for young people who have completed their work placement at Café Beam Gosforth. We have recruited 30 new volunteers who have completed training in café operations, health and safety, safeguarding, coffee preparation and 'our customer journey', to enable them to provide first class and tailored support and guidance to all of the youngsters they work with. Page 2 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** We would like to say a special thank you to the funders who supported us in establishing and developing Café Beam @ Ouseburn Farm - Ballinger Trust, Badur Foundation, LGA Foundation, and The Newcastle Youth Fund. This year we have also established and grown our other core activities. Our Tuesday Youth Club has seen an increase in regular participants, providing a safe and welcoming environment for many youngsters with social anxiety and learning difficulties and has successfully helped them to integrate with our group and form friendships, often for the first time in their lives. Parents have reported a huge improvement in mental health and motivation through attending the club and the day trips associated with it. Our successful partnership with the Newcastle United Foundation means we can also build upon inclusivity and teamworking in our active session, and help youngsters see and feel improvements in physical and emotional health. Our annual residential activity weekend was held at Broomley Grange Outdoor Activity Centre in Stocksfield Northumberland. 25 youngsters enjoyed a fully supported weekend of challenges such as climbing, bushcraft, archery and teambuilding - establishing new friendships and enjoying fun, social time together- reducing social isolation for so many youngsters with disabilities. Page 3 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** Our Trustees were delighted to continue our Grants programme this year, providing support for individual children in our region who could greatly benefit from specialist equipment, short breaks, wonderful experiences or help to make their homes and garden accessible. Our plans for the coming year are to build upon the progress of our young people and their work skills and confidence as the leave us and move into the next stage of their lives. We are seeking funding to engage a Work Development Officer who will work closely with individuals to research the jobs market, create CVs, write applications and learn interview techniques. This member of staff will also be available to accompany youngsters into the workplace to ensure employers are equipped with the correct knowledge and strategies to make the appointment a success. We are committed to investing in our staff and volunteers as they build upon their experience working with a wider range of youngsters with more complex issues and needs, ensuring our work placements are inclusive and accessible to all. We will provide guidance and advice to young people and their families through our work with external agencies e.g. DWP, Streetwise - as we host workshops about subjects such as Healthy Relationships and Access to Work funding, and we will expand our Challenge Programme as we embark upon shorter UK Challenges in the Lake District and The Yorkshire Dales, ensuring they are available and achievable by all youngsters we work with. These Challenge activities are very successful for building confidence and independence in youngsters who may not have travelled away from home before without parents. It establishes wonderful friendships and provides a sense of belonging to so many, and it demonstrates wat can be achieved both emotionally and physically with the correct support, boosting self-esteem and aspirations. Thank you to everyone who has helped us achieve such amazing things this year and we look forward to sharing our stories and successes which you will help our youngsters to reach in the coming year. Page 4 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ## **FINANCIAL REVIEW** ## **Financial position** As part of our financial strategy, focus has remained on engaging with funders and our income from Trusts and Foundations has continued to grow this year as strong relationships have been established. We aim to maintain funds to cover four months' running costs within the charity's bank accounts. Whilst we budgeted to make a small deficit in the year to 31 March 2024 the final deficit figure of £70k was much larger than we had anticipated. The following were the significant variances against budget. Ouseburn Farm Placement **Deficit £21.8k** . Income was £32k against a budget of £53.8K. Deficit of £21.8k. This was our first year of trading at Ouseburn Farm Café, with it taking a few months longer than anticipated to establish the level of placement up take we had budgeted. Note - Placement income is now back on track with £42k billed from April 2024 to December 2024-equating to £56k per annum. Café Sales **deficit £6k** , due to budgeting error during period café closed due to overseas challenges. This is now built into future budgets Gift aid **£2k deficit,** due claims still to be submitted at year end. This income is retrievable. We took a strategic decision early in the financial year (after budget set) to i **nvest £20k** of our reserves in taking up the opportunity of developing our overseas challenges programme. This resulted in some additional one -off UK challenges being necessary to prepare young people for a more difficult overseas challenge. Future challenges are and will be funded by participants or charitable trust funding/sponsorship. We were unexpectedly required to update our Computer & IT systems at a **cost £5.5K** (new system not in budget). Staff costs **deficit £12.8k** due to additional programme delivery and (not anticipated) use of agencies staff in our kitchens. This position has now been addressed by introducing an appropriate increase staff kitchen hours. The board is confident that the charity is now in a strong financial position to continue to meet, and consider furthering, our primary aims. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The Charity is constituted as a company limited by guarantee as from 2nd June 2009 and is therefore governed by a Memorandum and Articles of Association. ## **Recruitment and appointment of new trustees** New Trustees can be proposed by any existing Trustees or by a senior member of staff. Each proposed Trustee is then considered by the existing board of Trustees and appointment is only made after the existing Trustees have voted on the appointment. ## **Organisational structure** The Governance of Smile For Life is through a bi-monthly trustee meeting, where key decisions on the future of the charity are taken by the Trustees and CEO. On a day to day basis, the running of the charity is managed by the Chief Executive. The Chief Executive also acts as line manager to other permanent and temporary staff employed. Page 5 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Risk management** Our Trustees completed a thorough policy review this year, ensuring our policies and procedures are robust and appropriate in our changing environment. Our CEO will continue to ensure all policies are kept up to date and regularly reviewed and agreed throughout the coming year by our Board of Trustees. The Trustees and Chief Executive have undertaken a review of the major risks to which the charity is exposed. Systems designed and implemented to mitigate those risks have been considered and put into place where necessary. This review will be undertaken annually. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 06913129 (England and Wales) ## **Registered Charity number** 1129935 ## **Registered office** The Old Fire Station 234-236 High Street Gosforth Newcastle upon Tyne NE3 1HH ## **Trustees** Margery Gledson Chair Nigel Coates Jan Welbury Alison Proudfoot ## **Chief executive** Paula Gascoigne ## **Independent Examiner** Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF ## **Bankers** Barclays Bank plc Front Street Prudhoe Northumberland NE42 5PU Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by: Page 6 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ................................................................. Mrs M Gledson - Trustee Page 7 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMILE FOR LIFE CHILDREN'S CHARITY** ## **Independent examiner's report to the trustees of Smile For Life Children's Charity ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. ## **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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 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. Nicholas Liley FCA The Institute of Chartered Accountants in England and Wales Read, Milburn & Co North Shields Date: 29 January 2025 Page 8 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
116,897
**Charitable activities**
5
Grant income
105,390
Charitable activities
10,274
Other trading activities
3
260,696
Investment income
4
901
Other income
643
**Total**
494,801
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
6
30,207
Other trading activities
7
371,702
401,909
**Charitable activities**
8
Staff costs
66,755
Premises expenses
61,197
Grants payable
3,253
Accountancy charges
-
Activity expenditure
9,287
Training
701
**Total**
543,102
**NET INCOME/(EXPENDITURE)**
(48,301)
**Transfers between funds**
19
(20,225)
**Net movement in funds**
(68,526)
**RECONCILIATION OF FUNDS**
Total funds brought forward
128,108
**TOTAL FUNDS CARRIED FORWARD**
59,582|Restricted
funds
£
-
19,347
64,955
-
-
-
84,302
-
4,684
4,684
15,000
-
-
-
88,402
-
108,086
(23,784)
20,225
(3,559)
3,559
-|2024
Total
funds
£
116,897
124,737
75,229
260,696
901
643
579,103
30,207
376,386
406,593
81,755
61,197
3,253
-
97,689
701
651,188
(72,085)
-
(72,085)
131,667
59,582|2023
Total
funds
£
94,379
85,677
40,641
154,263
222
-
375,182
36,040
155,067
191,107
76,475
47,428
7,483
1,374
52,099
1,319
377,285
(2,103)
-
(2,103)
133,770
131,667| |---|---|---|---| The notes form part of these financial statements Page 9 ## **SMILE FOR LIFE CHILDREN'S CHARITY** ## **BALANCE SHEET 31 MARCH 2024** |Notes
**FIXED ASSETS**
Tangible assets
15
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
17
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2024
£
2,559
17,123
45,375
62,498
(5,475)
57,023
59,582
59,582
59,582
-
59,582|2023
£
3,838
20,328
133,014
153,342
(25,513)
127,829
131,667
131,667
128,108
3,559
131,667| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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. The notes form part of these financial statements continued... Page 10 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **BALANCE SHEET - continued 31 MARCH 2024** 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 28 January 2025 and were signed on its behalf by: ............................................. Mrs M Gledson - Trustee The notes form part of these financial statements Page 11 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024** |Notes
**Cash flows from operating activities**
Cash generated from operations
21
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|2024
£
(88,540)
(88,540)
901
901
(87,639)
133,014
45,375|2023
£
2,655
2,655
222
222
2,877
130,137
133,014| |---|---|---| The notes form part of these financial statements Page 12 **SMILE FOR LIFE CHILDREN'S CHARITY** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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. The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest £. ## **Going Concern** The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue. ## **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. Fixtures and fittings - 20% on cost Computer equipment - 25% on cost ## **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. continued... Page 13 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **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. ## **Financial instruments** All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Placements - café
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Cafe Beam income
**4.**
**INVESTMENT INCOME**
Deposit account interest|2024
£
43,228
10,153
63,516
116,897
2024
£
40,736
219,960
260,696
2024
£
901|2023
£
60,216
583
33,580
94,379
2023
£
54,659
99,604
154,263
2023
£
222| |---|---|---| |||| continued... Page 14 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** |**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Grant income
Charitable activities
Charitable activities
Grants received, included in the above, are as follows:
The Joicey Trust
St James Place Foundation
The Hedley Foundation
Ballinger Charitable Trust
Scholefield Trust
Community Foundation
Greggs Foundation
Northumberland Children's Trust
Sir James Knott Trust
Children in Need
Hadrian Trust
Newcastle City Council
The Edward Gostling Foundation
Garfield Weston Foundation
LGA Foundation
The Badur Foundation
Education and Skills Funding Agency
NE Youth Fund
Vonne
Connected Voice
Neighbourly Foundation-Sainsburys
The Barbour Foundation
Hospital of God Greatham
The Alpkit Foundation
Groundworks UK - Tesco
Lloyds Bank Foundation
Leslie & Lilian Manning Charitable Trust
Bauer Radio - Cash for Kids
J H Rausing Trust|2024
£
124,737
75,229
199,966
2024
£
-
2,500
2,372
40,000
-
11,600
15,000
-
12,500
-
-
20,640
-
-
-
10,000
-
-
-
-
-
2,000
1,000
150
1,125
250
1,250
350
4,000
124,737|2023
£
85,677
40,641
126,318
2023
£
3,300
-
-
-
760
9,994
-
5,000
-
8,010
1,000
13,103
5,000
20,000
6,500
4,810
3,000
400
1,200
3,100
500
-
-
-
-
-
-
-
-
85,677| |---|---|---| Page 15 continued... **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **6. RAISING DONATIONS AND LEGACIES** |Fundraising
**7.**
**OTHER TRADING ACTIVITIES**
Purchases
Staff costs
Licensing
Café support workers
Training
Repairs and equipment
Printing and stationery
Cleaning and sundries
Volunteers expenses
Travel expenses
Professional fees
Café set-up costs
Light and heat
Telephone
Bank charges|2024
£
30,207
2024
£
122,711
205,377
726
2,162
179
29,099
770
3,812
208
500
4,075
-
6,392
130
245
376,386|| |---|---|---| ## **8. CHARITABLE ACTIVITIES COSTS** |Staff costs
Premises expenses
Grants payable
Activity expenditure
Training|Direct
Costs
£
57,034
-
-
97,689
701
155,424|Grant
funding of
activities
(see note
9)
£
-
-
3,253
-
-
3,253|Support
costs (see
note 10)
£
24,721
61,197
-
-
-
85,918|Totals
£
81,755
61,197
3,253
97,689
701
244,595| |---|---|---|---|---| Page 16 continued... **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** |**9.**
**GRANTS PAYABLE**
2024
£
Grants payable
3,253
The total grants paid to institutions during the year was as follows:
2024
£
Sir Charles Parsons School
151
The total grants paid to individuals during the year was as follows:
2024
£
To enhance the lives of disabled and disadvantaged individuals
3,102
**10.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Staff costs
24,721
-
Premises expenses
59,817
1,380
84,538
1,380
Support costs, included in the above, are as follows:
2024
Staff
Premises
Total
costs
expenses
activities
£
£
£
Wages
22,851
-
22,851
Social security
1,312
-
1,312
Pensions
558
-
558
Rent, rates and water
-
18,788
18,788
Insurance
-
3,631
3,631
Light and heat
-
8,161
8,161
Telephone and broadband
-
1,586
1,586
Printing, post and stationery
-
3,163
3,163
Miscellaneous expenses
-
-
-
Affiliations and membership fees
-
698
698
Repairs and maintenance
-
4,191
4,191
Computer and IT costs
-
7,076
7,076
Bank charges
-
668
668
Carried forward
24,721
47,962
72,683|2023
£
7,483
2023
£
-
2023
£
7,483
Totals
£
24,721
61,197
85,918
2023
Total
activities
£
27,165
98
490
16,203
2,874
5,900
1,962
2,091
193
602
3,957
2,045
525
64,105| |---|---| continued... Page 17 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **10. SUPPORT COSTS - continued** |**SUPPORT COSTS - continued**||||| |---|---|---|---|---| |Brought forward
Professional fees
Bad debts
Depreciation of tangible and heritage
assets
Accountancy charges|Staff
costs
£
24,721
-
-
-
-
24,721|Premises
expenses
£
47,962
8,485
2,091
1,279
1,380
61,197|2024
Total
activities
£
72,683
8,485
2,091
1,279
1,380
85,918|2023
Total
activitie
£
64,105
9,797
-
1,279
1,374| |||||76,555| ## **11. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Accountancy charges
Depreciation - owned assets|2024
£
1,380
1,279|2023
£
1,374
1,279| |---|---|---| ## **12. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **13. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| |Wages and salaries
Social security costs
Other pension costs|2024
£
268,192
13,205
5,735
287,132|2023
£
145,689
5,457
3,444| |||154,590| The charity's key management personnel comprise the Trustees and Chief Executive. The total employee benefits including social security of the key management personnel were £57,034 (2023 - £48,722). continued... Page 18 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **13. STAFF COSTS - continued** The average monthly number of employees during the year was as follows: |2024
Management
1
Other
19
20
No employees received emoluments in excess of £60,000.
**14.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
94,379
-
**Charitable activities**
Grant income
69,707
15,970
Charitable activities
40,641
-
Other trading activities
154,263
-
Investment income
222
-
**Total**
359,212
15,970
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
36,040
-
Other trading activities
144,558
10,509
180,598
10,509
**Charitable activities**
Staff costs
73,475
3,000
Premises expenses
47,428
-
Grants payable
7,483
-
Accountancy charges
1,374
-
Activity expenditure
43,736
8,363
Training
1,319
-
**Total**
355,413
21,872
**NET INCOME/(EXPENDITURE)**
3,799
(5,902)
**Transfers between funds**
(16)
16
**Net movement in funds**
3,783
(5,886)|2023
1
7
8
Total
funds
£
94,379
85,677
40,641
154,263
222
375,182
36,040
155,067
191,107
76,475
47,428
7,483
1,374
52,099
1,319
377,285
(2,103)
-
(2,103)| |---|---| continued... Page 19 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** |**14.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|funds| |||£|£|£| ||**RECONCILIATION OF FUNDS**|||| ||Total funds brought forward|124,325|9,445|133,770| ||**TOTAL FUNDS CARRIED**|||| ||**FORWARD**|128,108|3,559|131,667| |**15.**|**TANGIBLE FIXED ASSETS**|||| |||Fixtures||| |||and|Computer|| |||fittings|equipment|Totals| |||£|£|£| ||**COST**|||| ||At 1 April 2023 and 31 March 2024|6,838|997|7,835| ||**DEPRECIATION**|||| ||At 1 April 2023|3,000|997|3,997| ||Charge for year|1,279|-|1,279| ||At 31 March 2024|4,279|997|5,276| ||**NET BOOK VALUE**|||| ||At 31 March 2024|2,559|-|2,559| ||At 31 March 2023|3,838|-|3,838| |**16.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2024|2023| ||||£|£| ||Trade debtors||11,785|7,260| ||Other debtors||5,338|13,068| ||||17,123|20,328| continued... Page 20 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Social security and other taxes
Accruals and deferred income
**18.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|2024
£
4,095
1,380
5,475|2023
£
3,289
22,224| |---|---|---| |||25,513| |||| |Unrestricted
funds
£
Fixed assets
2,559
Current assets
62,498
Current liabilities
(5,475)
59,582
**19.**
**MOVEMENT IN FUNDS**
At 1/4/23
£
**Unrestricted funds**
General fund
128,108
Designated - Cafe Beam Project
-
Designated - Cafe Beam-Ouseburn
Farm
-
128,108
**Restricted funds**
Young People's Activities
-
Challenge Days
-
Cafe Apprentice
3,559
November Weekend Residential
-
3,559
**TOTAL FUNDS**
131,667|Restricted
funds
£
-
-
-
-
Net
movement
in funds
£
5,837
(13,980)
(40,158)
(48,301)
(17,799)
(675)
(3,559)
(1,751)
(23,784)
(72,085)|2024
Total
funds
£
2,559
62,498
(5,475)
59,582
Transfers
between
funds
£
(74,363)
13,980
40,158
(20,225)
17,799
675
-
1,751
20,225
-|2023
Total
funds
£
3,838
153,342
(25,513)
131,667
At
31/3/24
£
59,582
-
-
59,582
-
-
-
-
-
59,582| |---|---|---|---| continued... Page 21 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **19. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Designated - Cafe Beam Project
Designated - Cafe Beam-Ouseburn
Farm
**Restricted funds**
Young People's Activities
Challenge Days
Cafe Apprentice
Administration Wages
November Weekend Residential
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Designated - Cafe Beam Project
**Restricted funds**
Equipment
Allotment
Cafe Apprentice
**TOTAL FUNDS**|At 1/4/22
£
124,325
-
124,325
604
635
8,206
9,445
133,770|Incoming
resources
£
177,237
138,255
179,309
494,801
62,275
-
1,125
15,000
5,902
84,302
579,103
Net
movement
in funds
£
8,396
(4,597)
3,799
(1,052)
(203)
(4,647)
(5,902)
(2,103)|Resources
Movement
expended
in funds
£
£
(171,400)
5,837
(152,235)
(13,980)
(219,467)
(40,158)
(543,102)
(48,301)
(80,074)
(17,799)
(675)
(675)
(4,684)
(3,559)
(15,000)
-
(7,653)
(1,751)
(108,086)
(23,784)
(651,188)
(72,085)
Transfers
between
At
funds
31/3/23
£
£
(4,613)
128,108
4,597
-
(16)
128,108
448
-
(432)
-
-
3,559
16
3,559
-
131,667| |---|---|---|---| continued... Page 22 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **19. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Designated - Cafe Beam Project
**Restricted funds**
Young People's Activities
Equipment
Challenge Days
Allotment
Cafe Apprentice
Office Apprentice
**TOTAL FUNDS**|Incoming
resources
£
219,251
139,961
359,212
900
-
7,260
-
4,810
3,000
15,970
375,182|Resources
Movement
expended
in funds
£
£
(210,855)
8,396
(144,558)
(4,597)
(355,413)
3,799
(900)
-
(1,052)
(1,052)
(7,260)
-
(203)
(203)
(9,457)
(4,647)
(3,000)
-
(21,872)
(5,902)
(377,285)
(2,103)| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Designated - Cafe Beam Project
Designated - Cafe Beam-Ouseburn
Farm
**Restricted funds**
Young People's Activities
Challenge Days
Cafe Apprentice
November Weekend Residential
**TOTAL FUNDS**|At 1/4/22
£
124,325
-
-
124,325
-
-
8,206
-
8,206
133,770|Net
movement
in funds
£
14,233
(18,577)
(40,158)
(44,502)
(17,799)
(675)
(8,206)
(1,751)
(28,431)
(74,188)|Transfers
between
funds
£
(78,976)
18,577
40,158
(20,241)
17,799
675
-
1,751
20,225
-|At
31/3/24
£
59,582
-
-
59,582
-
-
-
-
-
59,582| |---|---|---|---|---| continued... Page 23 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **19. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Designated - Cafe Beam Project
Designated - Cafe Beam-Ouseburn
Farm
**Restricted funds**
Young People's Activities
Challenge Days
Cafe Apprentice
Administration Wages
November Weekend Residential
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
396,488
(382,255)
14,233
278,216
(296,793)
(18,577)
179,309
(219,467)
(40,158)
854,013
(898,515)
(44,502)
63,175
(80,974)
(17,799)
7,260
(7,935)
(675)
5,935
(14,141)
(8,206)
15,000
(15,000)
-
5,902
(7,653)
(1,751)
97,272
(125,703)
(28,431)
954,285
(1,028,473)
(74,188)| |---|---| ## **Restricted funds** ## **Young people's activities** The Bauer Radio-Cash for Kids Fund provided a grant of £350 towards Young Peoples Activities and the Community Foundation provided £500 for World Kindness Day. ## **Challenge Days** Were funded by fundraising events. ## **Café Beam Apprenticeship** Groundworks UK-Tesco funded a chef apprenticeship for the Café Beam. ## **Administration wages** The Greggs Foundation will provide 3 years funding for administration salaries from their North East Core Funding Grants Programme. ## **November weekend residential** The Hedley Foundation provided funding for a 2 nights residential at Bromley Grange Activity Centre for 20 young people with learning difficulties. ## **Transfers between funds** Transfers between funds comprise management costs and remaining funds on the completion of a project. Unrestricted funds are transferred to cover any funding deficits. continued... Page 24 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **20. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. ## **21. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net expenditure for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash (used in)/provided by operations**|2024
£
(72,085)
1,279
(901)
3,205
(20,038)
(88,540)|2023
£
(2,103)
1,279
(222)
(11,592)
15,293
2,655| |---|---|---| ## **22. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1/4/23|Cash flow|At 31/3/24| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank and in hand|133,014|(87,639)|45,375| ||133,014|(87,639)|45,375| |**Total**|133,014|(87,639)|45,375| ## **23. SHARE CAPITAL** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1. Page 25 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Placements - café
**Other trading activities**
Fundraising events
Cafe Beam income
**Investment income**
Deposit account interest
**Charitable activities**
Charitable activities
Grants
**Other income**
Miscellaneous income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising
**Other trading activities**
Purchases
Wages
Social security
Pensions
Licensing
Café support workers
Training
Carried forward|2024
£
43,228
10,153
63,516
116,897
40,736
219,960
260,696
901
75,229
124,737
199,966
643
579,103
30,207
122,711
194,047
7,692
3,638
726
2,162
179
331,155|2023
£
60,216
583
33,580
94,379
54,659
99,604
154,263
222
40,641
85,677
126,318
-
375,182
36,040
50,087
73,825
2,677
1,613
491
-
168
128,861| |---|---|---| This page does not form part of the statutory financial statements Page 26 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**Other trading activities**
Brought forward
Repairs and equipment
Printing and stationery
Cleaning and sundries
Volunteers expenses
Travel expenses
Professional fees
Café set-up costs
Light and heat
Telephone
Bank charges
**Charitable activities**
Wages
Social security
Pensions
PR and marketing
Travel and subsistence
Challenge days
Activities for young people
Training and development
Volunteer expenses
Grants to institutions
Grants to individuals
**Support costs**
**Management**
Wages
Social security
Pensions
Rent, rates and water
Insurance
Light and heat
Telephone and broadband
Printing, post and stationery
Miscellaneous expenses
Affiliations and membership fees
Repairs and maintenance
Computer and IT costs
Carried forward|2024
£
331,155
29,099
770
3,812
208
500
4,075
-
6,392
130
245
376,386
51,294
4,201
1,539
2,915
978
675
92,299
701
822
151
3,102
158,677
22,851
1,312
558
18,788
3,631
8,161
1,586
3,163
-
698
4,191
7,076
72,015|2023
£
128,861
10,706
745
2,260
200
-
524
11,771
-
-
-
155,067
44,699
2,682
1,341
5,113
602
830
45,209
1,319
345
-
7,483
109,623
27,165
98
490
16,203
2,874
5,900
1,962
2,091
193
602
3,957
2,045
63,580| |---|---|---| This page does not form part of the statutory financial statements Page 27 **SMILE FOR LIFE CHILDREN'S CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**Management**
Brought forward
Bank charges
Professional fees
Bad debts
Fixtures and fittings
**Governance costs**
Accountancy charges
Total resources expended
**Net expenditure**|2024
£
72,015
668
8,485
2,091
1,279
84,538
1,380
651,188
(72,085)|2023
£
63,580
525
9,797
-
1,279
75,181
1,374
377,285
(2,103)| |---|---|---| This page does not form part of the statutory financial statements Page 28