2024-03-31-accounts - Foundation for Children

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Trustees' Annual Report for the period Period start date Period end date T From 01 04 2023 o 31 03 2024

Section A Reference and administration details Charity name Foundation for Children Other names charity is known by Registered charity number (if any) 1137031 ~~—~~ Charity's principal address[83 Alma Rd] Bristol Postcode BS82DP

Names of the charity trustees who manage the charity

Dates acted if not for Name of person (or body) enTrustee name Office (if any) whole year titled to appoint trustee (if any) 1 Kay Turner Chair 2 Laura Watts 3 Stefan Watts

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Trust Deed (eg. trust deed, constitution) Charitable Trust How the charity is constituted (eg. trust, association, company) Trustee selection methods Trustees are appointed or reappointed by a resolution of the Trustees (eg. appointed by, elected by) passed at a Special Meeting ~~Oo~~ 1 March 2024

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Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

To be eligible for funding from Foundation for Children (hereafter referred to as FfC) organisations are required to:

a) benefit disadvantaged children, young people and their families and carers in England and Wales
b) have in place appropriate insurances
c) have policy statements and guidelines in place for Equal Opportunities, Health and Safety, Child Protection and Quality Assurance(where applicable)
d) ensure all staff who have any contact with children, both paid and voluntary, have an up to date Enhanced Criminal Records Bureau clearance
e) apply for funding from other sources such as trusts, district/borough councils, businesses or other sponsorship or contribution to the costs in kind
f) comply with mutual agreed reporting and monitoring requirements
g) meet Ofsted and Local Authority statutory requirements as appropri- ~~ate~~

Section C Objectives and activities

To alleviate poverty and overcome disadvantage amongst children in need mainly in the UK, regardless of their gender, ability or disability, religion, nationality, ethnic or national origins, and especially amongst the population of under fives not yet attending full-time school, through:

Summary of the objects of the charity set out in its governing document

a) assisting their parents, families and carers to provide for their better health, safety and welfare, and an environment in which they can flourish and develop their full potential;
b) promoting and enabling their access to the highest quality care and education; and
c) helping their parents, particularly those who are single parents, to obtain training and employment, whilst balancing their work and family responsibilities

March 2024

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Trustees had regard to the Charity Commission’s guidance on public benefit in decisions taken at Trust meetings.

The Trustees main activities during the year to March 2024 were the examination of grant applications from organisations seeking funding for work with disadvantaged children in the South Bristol area, and the subsequent awarding of grants to thirteen organisations who were able to demonstrate that they met the criteria for eligibility drawn up by the Trustees.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

The breadth of type of support being provided to disadvantaged children and their families via this funding is striking. Activities covered include:

Helping at local farms Visits to local farms Art, drama and music projects Support for university entrance Sporting opportunities including surfing and cycling Distribution of hampers at Christmas

Many local children were involved in these projects and the feedback from them and parents was very positive.

March 2024

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Additional details of objectives and activities (Optional information)

All the work of the charity to date has been carried out by the Trustees on a voluntary basis.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

In our criteria for eligibility of funding, we seek to make grants primarily available to organisations which are able to demonstrate in their proposals that they are able to alleviate poverty and overcome disadvantage amongst children in need in the UK through meeting at least one of the charitable objects of FfC.

FfC will not normally make grants available for organisations which hold unallocated reserves in excess of what is required, or not allocated for legitimate purposes. Organisations applying for funding should be able to demonstrate a direct and cost-effective impact on the priorities identified in FfC’s objects.

Funds not yet allocated and not needed in the foreseeable future are placed on deposit to earn interest.

Section E Financial review

Brief statement of the char- FfC aims to hold sufficient cash in its current account to meet all fore- ity’s policy on reserves seeable expenditure, and for the remaining funds to be invested in fixed term deposit accounts which mature at intervals throughout the year so that when grant distribution is needed there will not be a significant delay in accessing further funds.

Details of any funds materially N/A in deficit

March 2024

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Declaratlons Slgnod on behallof Ihq ehadty'l Sl4naturnl•l FUM n•m(•) i< rner Po¥ltlon (• 8•cr&vy, Chalr. •t¢ Ib TAR March 2024

REGISTERED CHARITY NUMBER: 1137031 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 MARCH 2024 FOR FOUNDATION FOR CHILDREN Lawes & Co Boyce's Building 4042 Regent Street Clifton Bristol BS8 4HU

FOUNDATION FOR CHILDREN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of FÉnancial Activlties Balance Sheet Notes to the Flnancial Statements 6 to 11 Detalled Statement of Flnanclal Activitles 12

FOUNDATION FOR CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees 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 chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- OBJECTIVES AND ACTIVITIES Objectives and aims The Charity objectives set out in the Trust Deed are to alleviate poverty and overcome disadvantage amongst children in need mainly in the UK. The Trustees main activities during the year ended 31 March 2023 were the examination of grant applications from organisations seeking funding primarily in the SoLlth Bristol a.rea and the subsequent awarding of grants. Publlc benefit In determining where to make donations the trustees have had regard to the Charity Commission's guidance on public benefit. Grantmaking The trustees have made numerous donations in the year amounting to £90,040 (2023: £103,782). The trustees endeavour to ensure the range of donations made by the trust cover a range of activities so as to benefit society as a whole. FINANCIAL REVIEW Financial position The Trust earned current asset investment income of £79,803 in the year ended 31 March 2024 (2023: £15,291). Reserves policy The trustees aim to hold sufficient cash reserves to meet all foreseeable expenditure. The remaining funds are invested in fixed term deposit accounts which mature at intervals allowing for grant distribution when reqtsired without significant delay. Beyond this the trustees do not consider it necessary to have any further reserves policy. Golng concern The trust continues to maintain a large fund which should support the trust for the foreseeable future. There are no material uncertainties regarding the trusts abilty 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 Page 1

FOUNDATION FOR CHILDREN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Princlpal address 83 Alma Road Bristol BS8 2DP Trustees Dr K Turner S D Watts L Watts Independent Examiner Lawes & Co Boyce's Building 4042 Regent Street Clifton Bristol BS8 4HU Approved by behalf by.. er of t e board of trustees on Truste Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOUNDATION FOR CHILDREN Independent examiner's report to the trustees of Foundation for Children I report to the charity trustees on my examination of the accounts of Foundation for Children (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). 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 145(5}(b) of the Act. Independent examine$ statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounls do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of accounts 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 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. Lawes & Co UK Limited Lawes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU Date.. Page 3

FOLINDATION FOR CHILDREN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Unrestricted Total fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9,400 19 Investment income 79,803 15,291 Total 89,203 15,310 EXPENDITURE ON Raising funds 3,429 2,486 Charitable activitles Donations 90,040 103,782 Other 1,196 1,094 Totsl 94,665 107,362 NET INCOMEI(EXPENDITURE (5,462) (92,052) RECONCILIATION OF FUNDS Total funds brought forward 2,051,489 2,143,541 TOTAL FUNDS CARRIED FORWARD 2,046,027 2,051,489 The Dotes form part of these financial statements Page 4

FOUNDATION FOR CHILDREN BALANCE SHEET 31 MARCH 2024 31.3.24 31.3.23 Unrestricted Total fund funds Notes CURRENT ASSETS Cash at bank 10 2,046,807 2,052,269 CREDITORS Amounts falling due within one year (780) (780) NET CURRENT ASSETS 2.046,027 2,051,489 TOTAL ASSETS LESS CURRENT LIABILITIES 2,046,027 2,051,489 NET ASSETS 2,046,027 2,051,489 FUNDS Unrestricted funds 12 2,046,027 2,051,489 TOTAL FUNDS 2,046,027 2,051,489 The financial s ements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Tru ee The notes form part of these financial statements Page 5

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 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 IFRS 102) (effective 1 January 2019),, 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 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. Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued...

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations 9,400 19 INVESTMENT INCOME 31.3.24 31.3.23 Interest Receivable 79.803 15,291 RAISING FUNDS Investment management costs 31.3.24 31.3.23 Support costs 3,429 2,440 GRANTS PAYABLE Grants to: 2024 2023 Jamies Farm Hartcliffe City Farm The Wave project Scrapstore Unique Voice Square Food Foundation Rework Arts for All Oasis Bristol Ensemble Mentoring Plus ACE Operation Christmas Hamper Into Uni Windmill Hill Fami Futa Hub Bristol Youth Moves Future Learning Partnership Waycroft Academy Access Sport 15,000.00 18,800.00 15,000.00 846.85 7,500.00 3,000.00 1,000.00 5,000.00 6,000.00 200.00 245.00 5,000.00 7,500.00 7,500.00 5,100.00 10,200.00 5,000.00 15,000.00 1,490.00 19,340.00 500.00 15,000.00 10,000.00 3,600.00 7,500.00 8,500.00 Total- 90,040.00 103,781.85 Page 7 continued...

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Management Finance Totals Investment management costs Other resources expended 3,429 60 3,429 1,196 1,136 1.136 3,489 4.625 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31 March 2024 nor fvf Lhe 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. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 19 Investment income 15,291 Total 15,310 EXPENDITURE ON Raising funds 2,486 Charitable activitles Donations 103,782 Other 1,094 Total 107,362 NET INCOMEI(EXPENDITURE) (92,0521 RECONCILIATION OF FUNDS Total funds brought forward 2,143,541 TOTAL FUNDS CARRIED FORWARD 2,051,489 Page 8 continued...

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 10. CASH AT BANK The trust holds cash in UK bank accounts and this makes up the entirety of the short-temi, highly liquid investm.ents included as cash at bank and in hand. 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors are recognised and measured using the accruals method. 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 2,051.489 (5,462) 2,046,027 TOTAL FUNDS 2.051,489 (5,462) 2,046,027 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 89,203 194,665) (5,462) TOTAL FUNDS 89,203 194,665) (5,462) Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 2.143,541 (92,052) 2,051,489 TOTAL FUNDS 2,143,541 (92,052) 2,051,489 Page 9 continued...

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted fund8 General fund 15,310 (107,362) (92,052) TOTAL FUNDS 15.310 (107,362) (92,052) A current year 12 months and prior year 12 months combined posrtion is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 2,143,541 (97,514) 2,046,027 TOTAL FUNDS 2,143,541 (97,514) 2,046,027 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 104,513 (202,027) (97,514) TOTAL FUNDS 104,513 (202,027) (97,514) Page10 ontinued...

FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page11

FOUNDATION FOR CHILDREN DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 9,400 19 Investment income Interest Receivable 79,803 15,291 Total incoming resources 89,203 15,310 EXPENDITURE Raising donatlons and legacies Sundries 46 Charitable activities Grants to institutions 90,040 103,782 Support costs Management Accountancy Computer Costs 810 326 840 194 1,136 1,034 Finance Bank charges 3,489 2,500 Total resources expended 94,665 107,362 Net expenditure 15,462) (92,052) This page does not form part of the statutory financial statements Page 12