REGISTERED CHARITY NUPIIBER: 1137031 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR FOUNDATION FOR CHILDREN Lawes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU
FOUNDATION FOR CHILDREN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financlal Ststements 6 to 10 Detsiled Statement of Financial Activities
FOUNDATION FOR CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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 IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The Charity objectives set out in the Trust Deed are lo alleviate poverty and overcome disadvantage amongst children in need mainly in the UK. The Trustees main activities during the year ended 31 March 2021 were the examination of grant applications from organisations seeking funding primarily in the South Bristol area and the subsequent awarding of grants. Public benefit In determining where to make donations the trustees have had regard to the Charity Commission's guidanc8 on public benefit. Grantmaking The trustees have made numerous donations in the year amounting to £185.980 (2020.. £129,325). The trustees endeavour to ensure the range of donations made by the trust cover a range Df activities so as lo benefit society as a whole. FINANCIAL REVIEW Financial position The Trust earned current asset investment income of £28,663 in the year ended 31 March 2021 (2020.. £23,771). Reserves policy The trustees aim to hold sufficient cash reserves lo meet all foreseeable expenditure. The remaining funds are invested in fixed term deposit accounts which mature at internals allowing for grant distribution when required without signrfiGant delay. Beyond this the trustees do not consider it necessary to have any further reserves policy. Going concern The trust continues to maintain a large fund which should support the trust for the foreseeable future. There are no material UnrtaIntieS regarding the trusts abilily to continue. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is governed by the Trust Deed dated 4 June 2010, which was approved by the Charity Commission in July 2010. Recruitment and appointment of new trustees The power of appointing new trustees is vested in the current trustees, any appointment or reappointment is achieved by resolution of the trustees passed at a special meeting. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1137031 P2cJp. 1
FOUNDATION FOR CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Principal address 83 Alma Road Bristol 8S8 2DP Trustees Dr K Turner S D Watts L Watts Independent Examiner Lawes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU Approved by or by.. erof th board of trustees on zdzz and signed on its behalf Truste
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOUNDATION FOR CHILDREN Independent examiner's report to the trustees of Foundation for Children I report lo the charity trustees on my examination of the accounts of FoLondation for Children (the Trust) for the year ended 31 March 2021, Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordanc8 Wlth the requirements of the Charities Acl 2011 ('the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no malerial matters have come to My attention in connection with the examination giving me cause to believe Ihat in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of account5 set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. -dLII L o Lawes & Co UK Limited Lawes & Co Boyce's Building 40-42 Regent Street Clrflon Bristol BS8 4HU Date..
FOUNDATION FOR CHILDREN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31 MARCH 2021 31.3.21 Unrestricted fund 31.3.20 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income 28,663 23.771 EXPENDITURE ON Charitsble activities Donations 188,174 129,325 other 980 Total 188,174 130.305 NET INCOMEI{EXPENDITURE) 1159,5111 1106.5341 RECONCILIATION OF FUNDS Total funds brought fonvard 2,496,463 2,602,997 TOTAL FUNDS CARRIED FORWARD 2,336,952 2,496,463 The notes form part of these financial statements
FOUNDATION FOR CHILDREN BALANCE SHEET 31 MARCH 2021 31.3.21 Unrestricted fund 31.3.20 Total funds Notes CURRENT ASSETS Cash at bank 2,337,672 2,497,183 CREDITORS Amounts falling due within one year {720) (720) NET CURRENT ASSETS 2,336,952 2,496,463 TOTAL ASSETS LESS CURRENT LIABILITIES 2,336,952 2,496,483 NET ASSETS 2,336,952 2,496,463 FUNDS Unrestricted funds 10 2.336,952 2,496,463 TOTAL FUNDS 2,336,952 2,496,463 The financial atemen s were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. - Trustee The notes form part of these financial statements
FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FORM OF THE CHARITY The charity is a charitable trust registered in England and Wales. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it is probable that the income will t£ received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as Ihere 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 lo conditions which have not been met at the year end date are noted as a cornmitment but not accrued as expenditure. Taxation The charity is exempt from 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 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. r.nntiniip.rl
FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021 INVESTMENT INCOME 31.3.21 31.3.20 Interest Receivable 28.683 23,771 GRANTS PAYABLE Grants to.. 2021 2020 Jamies Farm CRASAC The Wave projecl Baby Bank Unique Voice Venturers Trust Rework Arts for All Trust Links Community Initiative South West Childrens Scrapslore Learning Partnership West Wellsway XLP Mentoring Plus ACE 17,685.00 5,285.00 11,950.00 6,000.00 47,732.00 3,923.00 5,000.00 5,000.00 10,000.00 12,250,QO 4,500.00 10,000.00 23,866.OQ 3,000.00 37,250.00 16,703.66 19.787.60 47,772.50 7,500.00 15.000.00 5,100.00 Total= 185,979.76 129.325.00 SUPPORT COSTS Management Finance Totals Donations 884 1,310 2,194 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. Trustees, expen8es There were no trustees, expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. PA0 7 p.nntiniip.d
FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Investment income 23,771 EXPENDITURE ON haritable activities Donations 129,325 other 980 Total 130,305 NET INCOMEIIEXPENDITURE) 1106,5341 RECONCILIATION OF FUNDS Total funds brought forward 2,602,997 TOTAL FUNDS CARRIED FORWARD 2,496,463 CASH AT BANK The trust holds cash in UK bank accounts and this makes up the entirety of the short-term, highly liquid investments included as cash at bank and in hand. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors are recognised and measured using the accruals method. 10. MOVEMENT IN FUNDS Net movement in funds At 31.3.21 At 1.4.20 Unrestricted funds General fund 2,496,463 {159,511) 2,336,952 TOTAL FUNDS 2,496,463 {159,511) 2,336,952 P3tip. 51 r.nntiniig.d
FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021 10. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 28,663 (188,174) 1159,511) TOTAL FUNDS 28,663 {188,174) (159,511) Comparatives for movement In funds Net movement in funds At 31.3.20 At 1.4.19 Unrestricted funds General fund 2,602,997 {106,5341 2,496,463 TOTAL FUNDS 2,602.997 1106,534) 2,496,463 Comparative net movement in funds, included in the above ar8 as follows.. ResourGes expended Incoming reSourS Movement in funds Unrestricted funds General fund 23,771 (130,305) {106,5341 TOTAL FUNDS 23,771 <130,3051 (106,534) A current year 12 months and Pfior year 12 months combined position is as follows: Nel movement in funds At 31.3.21 At 1.4.19 Unrestricted funds General fund 2,e02,997 {266,045) 2,336,952 TOTAL FUNDS 2,802,997 (266,045) 2,336,952 rnntinii?.d
FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021 10. 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.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 52,434 (318,479) 1266,045} TOTAL FUNDS 52,434 (318,479) (266,045) 11. RELATED PARTY DISCLOSURES There wer8 no related party transactions for the year ended 31 March 2021. P2ap. ln
FOUNDATION FOR CHILDREN DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 31.3.21 31.3.20 INCOME AND ENDOWMENTS Investment income Interest Receivable 28,663 23,771 Total Incoming resources 28,663 23.771 EXPENDITURE Charitable activities Grants lo inslitutions 185,980 129,325 Support costs Management Accountancy Computer Costs 720 164 816 1e4 884 980 Finance Bank charges 1,310 Tolal resources expended 188,174 130,305 Net expenditure 1159,511) {106,534) This page does not form part of the slatutory financial statements
Trustees. Annual Report for the period Period start date Period WKI date From 31 2021 Section A Reference and administration details Charlty name FrAMdatI for Chldren other names charlty Is known by Registered charity number (rf any) ', 137031 Charitys prin¢lpal address 83 Akna Rd Brithl Postcode BS82DP Names of the charlty trustees who manage the chartty Tntee n•me Ollte Irf ary) Oates acted If fc¢ wholp ar Name person lor body) entthd to appoint trust8& {If anyl 1 Kay Turner Chair 2 Laura Waits 3 Stefan Watts Section B Structure, governance and management Descrlption of the charws trusts TAR arth 2012
Type of goveming d[ument TrLBt Deed How the charity is cSt[lUted Charitth Tnjst Trustee selection meth(xls Trustees are apFK4ntgJ or reapFK)int&J by a reg)lution of the Tnjstees passed at a s[EC Mb' Addltlonal governance issues {OptiOTd Ènformatlon) You may choose to include ad- ditiona informati. where rele- vant, 8bout: To be elNJiL4e for fLUKlirJ fr( Foundation for Chikjren (hereafter refeffed to as Ffc) organisaliorts are required to: a) b8n8frt disadvarrtaged children, your¥J and th9ir familie5 and carers in EngEand and Wdes b) have in tAace arvopriate insurances c) have 1¢Y slatements arKI guidelines in F4ace Equal Oppcthnilies, Health Safety. Chikl Protecti( and Quabty Awrance{Whe a plicatle) d) ensure all staff wlw) have any ccrtact with chihjren. both paid and vo untsry. have 2n up to date Enhanced Criminal RordS Bureau clear- ance e) apply forfU11r from otrw sources such as trusts, districtit#Yough ounc0& bnSseS or 0 or GontribulK)n to the costs in kind f) comF4y wtth mutual agr reForb'ng and monitoring requirements g) meet Ofsted a1 Local AutlTortty statutory rg]uirements as appropriate policies and predureS adopted for the induction aTrl training of trustees. the charity's organisaticK structure and any wider net- work with which the charity relationship with any related trustees, ¢onsider*¢)n of m& jor risks and the system and procedures to manage them. Section C Objectives and activities To alevkgte F¥)verty and overcome disadvantage amongst children in need mainty in the UK. ward18ss of their gKIer, ability or disability, relKJion. nationalty, ethnic or natM)nal orKJin& and especially amongst the rwulatK)n of uler fives not y8t atterxlirKJ fulktirne sch(M)l. through: a) &ssstiThJ Iheir rents. famllies and carers to provtde for their better health. safety and weffare. and an environment in which they can fthrssh and devek)p thetr ful Fx)tert' Summary of the objects of the charity set out in its govwning documont b) promoting and enabling their access to the highest qualty care a1 ) helping their parents. partFculatty those WIK) are single parents, to obtain training and emptymert whilst baring their work arKI family resrM)nsibiliti8S TAR Marth 2012
Trusteos regard to the Charity COMMIOn'S guidance on public benefit in decisions taken at Trust meetings The Tnjskn main tiVitieS durtng the year to March 2021 vrethe examination of grant apF4ications from organisations seekirg funding forwork with disadvantag1 chiklren in the SoLrth Bristd area, and the bsg]uent awardiThJ of grarrts to a number of CganISat)rts who were able to demonstrate Ihai met the Grrtena forebJibilty drawn up by the Truee& Illhllst rining partrwships with f(MJr ganIsatirs. grants alg) went to six new applicants for funding. Th8 brgadth of type of support being ovided to disadvantaggj children and Iher families via funding is strikiro. Activities covered indude: Summary of the maln activitses undertak8n for tha public bono- frt in relation to these objects (inGlude within this section the ststutory declaration that trus- tees have had regard to the guidance issued by the Charity Commission on public benefft) Surfing ses&ons fCh[dreTr wilh healih issues such as auttsrn Creative worksl¥¥E in Bristol hCS ProvEAon of lapto[6 forchikjren working from home Hdiday playschemes wilh focKI and activities Distribution of activty Focks to disadvantaged families After-school sessicns for chldren and trr parentslcarers Purchase of boolts for a Readirg fcrAll scheme in local Khcds Student Leadership courses Mentoring in Bath L0ndC with an exclusion rUCtIon programme Mor8 than Music proieGt in St Paul's Bristd The focus suptKYt for disafvantag&J chldren in South Br01 con- tinu&Y Ihroughout this year in sprte of restrictions due to Covid, and in some instances, such as distribution of laptcgs for home-Wlng, was even more vitat than p[evK. TAR Marth 2012
Additional detsils of objectives and activities {00al infornn) 14Jl the work of th8 charity to dat8 has b*n carri&J cmjt by the Trustees I a vduntary basLS. You may choose to ilUde fur- ther statements, where revan[ abouL' In our crtteria fcy agkni lty of furKJing, we seek to make grants primarily availatrde to orga.0ns which are atle to demonstrate in their prc txEds that they are ab to aleviate Foverty atKJ overcome disa vantage amrmgst chiTrlren in in the UK through meeting at Seast of the ChitatI@ of Ffc. poIiGy ors grantrnaking; policy programme related ir vestment contribution made by vdu teers. Ffc wdt not nomay make grants availa fcYorgani58tions which h(1 unall1xat1 reserves in excess of what is required, or not alk cated for tmate purFK)ses. Organisatjons aFpFying forfundirKJ sh¢Mld ab to demonstrate a direct ar¥J cost-effective impact on the ioritss hjenbfied in Ffc's ol¥ects. Funds t yet a4ccated and rK)t needed in the foreseeable future are placed delm1 to eam intw Section E Financial review Ffc aims to IK ientCash in ts current accountto m98t am for8see- able eXtErrture, a1 forthe remaining furKls to be invest8J in fixed term deposit ac¢Cnts which Matu at intervas throughout the year so that when grant dtstributN)n is ne•Jed there wll Th)t be a sgnrficant delay in accessing further furwJ& 8rlef statement of the charitys policy on reserves Detalls of any ndS materi in deficit NIA TAR prch 2012
Section G Declaration SgnatusE(sl ! ". F1 Kay T DatÈ 18th J¥•Jay'. lo ZZ Marth 2012