## **Trustees' Annual Report for the period** Period start date Period end date 01 04 2023 31 03 2025 **From** **To** ## 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 Road Bristol **Postcode BS8 2DP** ~~ee~~ **Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any)** 1 Kay Turner Chair 2 Laura Watts 3 Stefan Watts 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ~~==~~ **Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year** 1 March **2012** March **2012** **TAR** ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** **Name of chief executive or names of senior staff members (Optional information)** ## **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) Trustees are appointed or reappointed by a resolution of the Trustees Trustee selection methods passed at a Special Meeting - (eg. trust, association, company) - (eg. appointed by, elected by) ## **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 appropriate ## **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 **Summary of the objects of the** population of under fives not yet attending full-time school, through: **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; March **2012** **TAR** 2 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 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 2025 were the examination of grant applications from organisations seeking funding for work with disadvantaged children, with a focus in the South Bristol area, and the subsequent awarding of grants to organisations who were able to demonstrate that they met the criteria for eligibility drawn up by the Trustees. The breadth of type of support being provided to disadvantaged children and their families via this funding is striking. **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)** 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 Food education Many local children were involved in these projects and the feedback from them and parents was very positive. ## **Additional details of objectives and activities (Optional information)** March **2012** **TAR** 3 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 alloc-ated for legitimate purposes. Organisations applying for funding should be able to demonstrate a direct and cost-effective impact on the priorit-ies identified in FfC’s objects. Funds not yet allocated and not needed in the foreseeable future are placed on deposit to earn interest. ## Section D Achievements and performance March **2012** **TAR** 4 ## Section D Achievements and performance **Summary of the main** FfC has continued to award grants to organisation funded in previously **achievements of the charity** years together with a number of new organisations. **during the year** We have increased our donations by over 50% on the year ending 2024. March **2012** **TAR** 5 ## **Section E Financial review** FfC aims to hold sufficient cash in its current account to meet all fore- **Brief statement of the** seeable expenditure, and for the remaining funds to be invested in fixed **charity’s policy on reserves** 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 in deficit** n/a **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. - **Section F Other optional information** - ~~_~~ **Section G Declaration The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Stefan Dominic Watts T **Position (eg Secretary, Chair,** **etc)** Trustee **Date** 24.01.2026 March **2012** **TAR** 6 REGISTERED CHARITY NUMBER: 1137031 REPORT FTHETR STEES AND UNAUDITED FIN NCIAL STATE TS FOR THE YEAR ENDED 31 MARCH 2 25 FOR FO NDATION FOR CHILDREN Lawes & Co Boyce's Building 4042 Regent Street Clifton Bristol BS84HU OUNDATION OR CHILDREN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12 FOUNDATION FOR CHILDREN REPORT OF THE TRUSTEES YEAR NDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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) (effectiV8 1 January 2019). OBJECTIVES AND ACTMTIES Objectives and aims The Charity objectives set out in the Trust Deed are to alleviate povety and overcome disadvantage 8mongst chIld￿n in need mainly in the UK. The Trustees main activities during the year ended 31 March 2025 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 rnake 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 £142.130 {2024: £90,040). 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 Gu￿ent asset investment income of £74,602 in the year ended 31 March 2025 (2024.. £79,803). Reserves policy The trustees aim to hold sufficient cash ￿seNeS to meet all foreseeable expenditure. The remaining funds are invested in fixed term deposit accounts which mature at intervals allowing for grant dlstribution when required without significant delay. Beyond this the trustees do not consider it necessary to have any further reserves policy. Going Goncern The trust continues to maintain a large fund which should support the trust for the foreseeable future. There are no rnaterial uncertainties regarding Ihe trusts ability lo continue. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity Is govemed by the Tnjst 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 Iwstees is vested in current trustees, any appointment or reappointment is achieved by resolution of the Iru5tees passed at a special meeting. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1137031 Page 1 FOUNDATI OR CHILD REPORT OF TRUSTEES OR THE YEA ENDED 31 025 Principal address 83 Alma Road Bristol BS8 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 ord behalf by: f the board of trustees on I,./zC and signed on its Watts tee Page 2 IND NDENT EXAMINER'S REPORT OTHET NDATION FOR CHILDREN us SOF Independent examinerfs report to the trustees of Foundation for Children I report to the charity twstees on my exarnination of the accounts of Foundation for Children (the Trust) for the year ended 31 Marth 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in arLordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carrted out under Section 145 of the Act and in carrying oul my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confirm 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 the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in conneclion 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 L8wes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU Date: ......- 171IE Page 3 ou DATION FOR CHILDREN NT OF FINANCIAL ACTMTIES R THEY EN ED 31 MARCH 2025 31.3.25 Unrestricted fund 31.3.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,876 9,400 Investment income 74.602 79,803 Total 76,478 89,203 EXPENDITURE ON Raising funds 2,977 3,429 Charitable activities Donations 142,130 90,040 Other 1,082 1,196 Total 146,189 94,665 NET INCOMEI(EXPENDITURE) (69,711) (5,462) RECONCILIATION OF FUNDS Total funds brought foThvard 2,046.027 2,051,489 TOTAL FUNDS CARRIED FORWARD 1,976,316 2.046,027 The notes fomi part of these financial statements Page 4 FOUNDATION FOR CHI BALANCE SHE 1 MARCH 2025 31.3.25 UnrestriGted fund 31.3.24 Total funds Notes CURRENT ASSETS Cash at bank 10 1,977,096 2,046.807 CREDITORS Amounts falling due wilhin one year 11 (780) {780) NET CURRENT ASSETS 1.976.316 2,046,027 TOTAL ASSETS LESS CURRENT LIABILITIES 1,976.316 2.046,027 NET ASSETS 1,976,316 2,046,027 FUNDS Unrestricted funds 12 1,976.316 2,046.027 TOTAL FUNDS 1,976,316 2,046,027 The finan ial s tements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: Dwa st The notes form part of these financial statements Page 5 FOUND ION FO CHILDREN NOTES TO T INA FOR THE YEAR END STATEMENTS FORM OF THE CHARITY The charity is a charitable trust registered in England and Wales. ACCOUNTING POLICIES Basls of preparlng the financial statements The financial staternents of the charity. which is a public benefit entty under FRS 102, have been prepared in accordance wilh 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 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 Ihat the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as si)on 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 arnount 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 Gategory. 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 whlch have not been met at the year end date are noted as a commitment but not accrued as expendilure. Taxation Th8 charity is exempt from tax on its charitable activiti8S. Fund accounting Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretion of the trustees. Restricted fvnds can only be used for particular restrided purposes within the objects of the charity. Restridions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is induded in the notes to the financial statements. Page 6 continued... ATION F NOTES TO TH ANCIAL STAT FO THE YEAR END S-co 20 tinued DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 1,876 9,400 INVESTMENT INCOME 31.3.25 31.3.24 Inlerest Receivable 74,602 79,803 RAISING FUNDS Investment management costs 31.3.25 31.3.24 Support costs 2,977 3,429 GRANTS PAYABLE Grants to: 2025 2024 Jamies Farm Redcatch Community The Wave project Scrapstore Unique Voice Hampers Feeding Bristol Arts for All Oasis Bristol Ensemble Mentoring Plus ACE Operation Christrnas Hamper Into Uni Windmill Hill Farm Futa Hub Bristol Belo creative Future Learning Partnership Waycroft Academy Access Sport 27,000.00 3,000.00 10.000.00 1.124.50 12,355.00 10,000.00 15,000.00 9,000.00 5,000.00 23.000.00 15,000.00 7.500.00 3,000.00 1,000.00 5,000.00 7,500.00 5,100.00 5,000.00 10.000.00 3,750.00 19.340.00 500.00 400.00 5,000.00 10.000.00 3,600.00 7,500.00 7,500.00 Total: 142,129.50 90,040.00 Page 7 contlnued... FOUN FOR CHILDRE NOTES TO THE FI AN TATEMENTS- co FOR THE YEAR ENDED 31 MARC SUPPORT COSTS Management Finan Totals Investment management costs Other resources expended 2,977 60 2,977 1,082 1,022 1,022 3,037 4,059 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for Ihe year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees. expenses paid for the yeaT ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 9,400 Investment income 79.803 Total 89.203 EXPENDITURE ON Raising funds 3,429 Charitsble activities Donations 90,040 Other 1.196 Totsl 94,665 NET INCOMEI(EXPENDITURE) (5,462) RECONCILIATION OF FUNDS Total funds brought forward 2.051,489 TOTAL FUNDS CARRIED FORWARD 2,046,027 Page 8 continued.. FOUNDATION FOR C NOTES TO THE FINANCIAL STATE FOR THE YEAR ENDED 31 MARCH 2025 inued 10. 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. 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors are recognised and measured using th8 accruals method. 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 2,046,027 (69.711) 1,976,316 TOTAL FUNDS 2,046,027 {69,711) 1,976.316 Net movement in funds, induded in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 76.478 {146,189) (69.711) TOTAL FUNDS 76,478 (146,189) {69,711) Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 2,051,489 (5.462) 2,046,027 TOTAL FUNDS 2,051,489 (5.462) 2,046,027 Page 9 ontinued... FOUNDATION FOR CHILDREN NOTES TO THE FINANCIAL STATE ENTS- YEA ENDED 31 MARC 20 12. MOVEMENT IN FUNDS- continued Comparative net movement in funds. induded in the above are as follows: Incoming resources Resources Movement expended in funds Unrestrlcted funds General fund 89,203 (94.665) (5,462) TOTAL FUNDS 89,203 (94.665) (5,462) A current year 12 months and prior year 12 rnonths comblned position is as follows". Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 2,051,489 (75,173) 1.976,316 TOTAL FUNDS 2.051,489 (75,173) 1,976,316 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 Movement expended in funds Unrestricted funds General fund 165.681 (240,854) (75.173) TOTAL FUNDS 165,681 (240.854) (75,173) Page 10 continued..- FOUNDATION FOR LDREN S TO THE FINANCIAL STAT ENTS - co FOR YEAR ENDED 31 MAR ed 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page11 ION FOR CHILDREN DETAILED S OF FINANCIAL ACTIVITIES ENDED 31 MA 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 1.876 9,400 Investment income Interest Receivable 74,602 79,803 Total incoming resources 76,478 89,203 EXPENDITURE Charitable activities Grants to institutions 142,130 90,040 Support costs Manag6m8nt Accountancy Computer Costs 810 212 810 326 1,022 1,136 Finance Bank charges 3,037 3,489 Total resources expended 146,189 94,665 Net expenditure (69,711) (5,462) Thls page does not fomi part of the statutory financial statements Page 12 IN NDENT XAMINERS FOUNDAT. PORTTO TH FOR CHI REN SOF Independent examinerfs report to the trustees of Foundation for Children I report lo the Gharity trustees on my examination of the a￿oUr11$ of Foundation for Chlldren {Ihe Trust) forthe year ended 31 Marth 2025. Responslbllltles and basis of report As the charity Inistees of the Tmst you are respon8itle for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of Ihe Trusys accounts carried out under Section 145 of tho Act and in carryirvJ out my examination I have followed all applicable Directions gwen by the Charity Commission under Section 145{5)Ib} of the Act. Ind&pendent oxamlnerfs ststem8nt I have completed my examination. I wnfirm that no m3ÉeTtal matters have come to my attention in connection with the examination giv(ng me cause lo believe that in any material respect.. accounting records were not kept In respect of the Tnjst as required by Section 130 of the the accounts do not accord with those re￿rdS., or the accounts do not comply with the applicable requirements conceming the form and content of accounts Sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vi8w which is rrf)t a matter considered as part of an independent examination. I have no concems and have come across no other matters in connecuon wlth the examination to which attention should be drawn in this report In order lo enable a proper understanding of the accounts to be reached. Law6s & Co UK Limited L8wes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS84HU Date.. Page 3