**Charity Registration No. 1160089** ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2025** **----- Start of picture text -----**
One Bell Lane
Lewes
East Sussex
BN7 1JU
**----- End of picture text -----**
**THE MUDHOUSE CHILDREN'S FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Company information|1| |Trustees' report|2 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 16| **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **COMPANY INFORMATION** |**Trustees**|Mr R Jarman| |---|---| ||Mr M Culverwell| ||Mrs J Earney| ||Mrs G Mckeown (Chairperson)| ||Mr D Fludger| ||Ms P Snook| ||Ms B Cooper| |**Charity number**|1160089| |**Principal address**|The Drift| ||Hall Lane| ||Upper Farringdon| ||Alton| ||Hampshire| ||GU34 3EA| |**Independent examiner**|TC Group| ||One Bell Lane| ||Lewes| ||East Sussex| ||BN7 1JU| - 1 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ The trustees present their report and financial statements for the year from 1 January 2025 to 31 December 2025. The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102. The Mud House Children’s Foundation (TMHCF) is a UK registered charity established to support and develop opportunities for children, especially from the Maasai communities of the Loliondo area of Ngorongoro District, Tanzania, to access education and improve their life choices. In recognition of the need to create sustainable, community-led solutions, the charity works collaboratively with Tanzanian government officers, village chiefs, headteachers, and wider community representatives to ensure local ownership of all programmes. Public Benefit Statement: In compliance with the Charities Act 2011, the Trustees confirm that all the activities described in this report directly further the charitable objects of the Mud House Children’s Foundation by improving access to education, health, and welfare for Maasai children and their families. ## **Objectives and activities** In accordance with our constitution, our main charitable object is: To advance education and relieve poverty among Maasai children living in the Ngorongoro District of Tanzania. This is pursued through the following key activities: - Sponsoring children to attend school, secondary, and higher education. - Providing teacher training and monitoring educational impact. - Supporting the construction and maintenance of hostels, classrooms, and sanitation facilities. - Improving children’s health and nutrition through the food and water programmes. - Delivering safeguarding and community development training. - Fostering international understanding through volunteer and cultural exchange initiatives. The Trustees monitor progress through regular field reports, photographic evidence, volunteer debriefs, and biannual site visits. Each project is assessed for cost effectiveness, sustainability, and educational outcomes. ## **Achievements and performance** - a) Sponsored Children Education Programme: - 85 children and young adults are currently sponsored across multiple education establishments in and around Northern Tanzania. - Transparent selection criteria ensure fairness, supported by Maasai village chiefs and parents. - 2025 outcome: 98% of sponsored pupils remained in school or advanced education, reflecting strong attendance and retention rates. b) Accommodation and Child Welfare The Maasai hostel continues to meet safety standards with annual fire safety inspections, new fire extinguishers/ smoke detectors, and a repeat of safeguarding training planned for 2026. - 2 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ c) Cookers and chimney project In recognition of the health issues and risks associated with open fires in mud houses. In recent years our charity has designed and installed over 100 brick stoves/chimneys into Maasai mud houses. This year following a review, a new more effective portable metal cooker and chimney has been designed. Our efforts have undoubtedly reduced respiratory illness and burn injuries in mud houses. We hope to raise funds to enable further installations. ## d) Borehole and water well project The second Borehole and water well project commenced in 2023. In March 2024, the solar-powered borehole and water well was installed at Mama Sylvia’s School became fully operational, benefitting over 400 children and the five surrounding villages. Unfortunately, the solar pump broke down in March 2025. This was resolved using generous donations from the Goodall Foundation and The Kitchen Table Charities Trust and a Mud House fund raising barbeque in July 2025. A maintenance fund is now supported by small community water fees, ensuring future sustainability. ## e) Food and Nutrition Mr Mathew Nassei has a small holding where he grows vegetables, raises chickens and cows on behalf of the charity, continuing to provide a healthy diet for all hostel children. Surplus produce is sold to fund gardeners’ salaries, encouraging self-reliance and sustainability. ## f) Educational resources and cultural exchange • Donation of 300 books from The Pelican Post. The books are in English and the topics and illustrations reflect African culture. • Three new playgrounds were installed in three schools in the Loliondo and Wasso area with a donation from EducationServices2010. ## g) Volunteers programme The Workaway Travellers initiative welcomed volunteers from 10 countries, providing language support, farm assistance, and cultural sharing. Volunteers now contribute a modest daily fee for food and accommodation, helping cover local costs in line with Workaway guidelines. Volunteers from the UK go out to Wasso approximately twice a year to support the various projects. NB All Safeguarding rules are adhered to. - 3 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **Our partners** Our work succeeds only through the dedication of trusted partners in Tanzania. The Trustees gratefully acknowledge the support of the Loliondo District Commissioner, Government Education Officers, Headteachers and school staff, the Chiefs of Maasai villages, and particularly Mr Mathew Nassei and Mrs Salome Nassei (Maasai Operations Managers), the Issuja family, and many other community members. Their collaboration ensures accountability, transparency, and cultural respect in all activities. ## **The Mud House Club** The Mud House Club was launched in 2019 and has a healthy growing membership. It now plays a vital role, enabling us to communicate our important work to a wider audience which is also attracting new volunteers. ## **School twinning** In April 2021, the charity began twinning with St Mark’s Church of England Primary school in Basingstoke. Through various fundraising activities, fetes, Christmas fayres and donation boxes, the school has raised substantial funds towards the various charity projects. This twinning will continue for the foreseeable future. Regular visits and presentations are made to the pupils at St Mark’s to explain the life of a Maasai child and also to tell them where the money they raise is being spent. ## **Financial review** Our existing projects have sufficient specific fundraising support. ## **Safeguarding and Compliance** The charity operates under a formal Safeguarding and Child Protection Policy, reviewed annually. Local staff receive ongoing child protection training. TMHCF applies the same safeguarding standards overseas as in the UK. ## **Acknowledgements** Every year running a charity in Africa is challenging and 2025 was no exception. The Trustees extend their sincere gratitude to the UK and Tanzanian volunteers, donors, and partner institutions for their ongoing commitment. Particular thanks go to Salome and Mathew Nassei for their tireless work managing operations in Loliondo and Wasso, and to our patron Sylvia Goodall MBE, who attended the 2025 graduation of Dr Rovaldo Issuja at Kairuki Medical University. Sylvia has sponsored Rovaldo since he was 6 years old, a testament to the long-term success of our sponsorship model. **NB** Sylvia’s trip to Dar Es Salaam was self-funded. ## **Risk** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Reserves** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been maintained throughout the year due to unforseen repairs and maintenance on the Bore Hole and Water Project, but the intention is to replenish the reserves over the coming year. - 4 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **Structure, governance and management** Our charity formally commenced operations in January 2015 under the title of Ngorongoro Education Project Trust. In July 2020, with the approval of the UK Charity Commission and all our Trustees the charity changed its title to the Mud House Children’s Foundation. It is now formally registered under this name. The Trustees appointed have been drawn from acquaintances of the charity originators providing a useful blend of senior level experience from the public, private and voluntary sectors. All Trustees have been nominated and appointed at formal charity Board meetings. The Trustees are responsible for governance, strategic direction, risk management, and compliance. Trustees meet bi-annually, maintaining minutes and formal decisions in accordance with a quorum of at least three Trustees. The trustees who served during the year and up to the date of signature of the financial statements were: Mr R Jarman Mrs T Fleming (Resigned 12 June 2025) Mrs A Ryan (Resigned 12 June 2025) Mr M Culverwell Mrs J Earney Mrs G Mckeown (Chairperson) Mr D Fludger Ms P Snook Ms B Cooper Patrons: Sir Alan and Lady Grosse; Mrs Sylvia Goodall MBE To date, our charity has continued to primarily operate with the assistance of volunteers. We continue to support a range of relevant projects overseen by the Trustees, whilst delivered and managed by Mrs Nichola Jarman, our volunteer Project Director. There are no further related parties apart from those noted above. The trustees' report was approved by the Board of Trustees. ## **Mrs G Mckeown (Chairperson)** Trustee Dated: 3 June 2026 - 5 - **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE MUDHOUSE CHILDREN'S FOUNDATION** I report to the trustees on my examination of the financial statements of The Mudhouse Children's Foundation (the charity) for the year ended 31 December 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** 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 that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. - 4 the financial statements 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 financial statements to be reached. **David W Martin FCA** TC Group One Bell Lane Lewes East Sussex BN7 1JU Dated: 3 June 2026 - 6 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
32,199
48,895
Other trading activities
**3**
3,336
-
**Total income**
35,535
48,895
**Expenditure on:**
Raising funds
**4**
1,505
-
Charitable activities
**5**
44,233
38,760
**Total resources expended**
45,738
38,760
**Net (expenditure)/income for the year/**
**Net movement in funds**
(10,203)
10,135
Fund balances at 1 January 2025
(2,749)
15,886
**Fund balances at 31 December 2025**
(12,952)
26,021|**Total**
**2025**
**£**
81,094
3,336
84,430
1,505
82,993
84,498
(68)
13,137
13,069|**Total**
**2024**
**£**
110,542
4,988| |---|---|---| |||115,530| |||2,142
112,664| |||114,806| |||724
12,413| |||13,137| The statement of financial activities includes all gains and losses recognised in the year. - 7 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2025**_ |**2025**
**Notes**
**£**
**£**
**Current assets**
Debtors
**10**
7,787
Cash at bank and in hand
11,339
19,126
**Creditors: amounts falling due within**
**one year**
**11**
(6,057)
Net current assets
13,069
**Income funds**
Restricted funds
**12**
26,021
Unrestricted funds
**13**
(12,952)
(12,952)
13,069|**2024**
**£**
476
14,965
15,441
(2,304)
(2,749)|**£**
13,137
15,886
(2,749)
13,137| |---|---|---| The accounts were approved by the Trustees on 3 June 2026 Mrs G Mckeown (Chairperson) **Trustee** ## **Charity Registration No. 1160089** - 8 - **THE MUDHOUSE CHILDREN'S FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **1 Accounting policies** ## **Charity information** The Mudhouse Children's Foundation is a charitable incorporated organisation registered 22 January 2015. The registered charity number is 1160089. The registered office is The Drift, Hall Lane, Upper Farringdon, Alton, Hampshire, GU34 3EA. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the trustees are aware of certain material uncertainties which may cast doubt on the charity's ability to continue as a going concern, such as the unrestricted fund deficit. The charity is reliant on ongoing donations to meet its obligations. Based on forecasts and historic donor support, the trustees have a reasonable expectation that sufficient income will be generated to allow the charity to continue its activities and meet its liabilities as they fall due. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. - 9 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **1 Accounting policies** **(Continued)** Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Resources expended** 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 10 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **2 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total **|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Donations and gifts|32,199|48,895|81,094|38,548|71,994|110,542| ## **3 Income from fundraising income** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Fundraising income|3,336|4,988| - 11 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ |**4**
**5**|**Raising funds**
Fundraising and publicity
Other fundraising costs
**Analysis by fund**
Unrestricted funds
**Charitable activities**
Charitable expenditure
Share of support costs (see note 6)
Share of governance costs (see note 6)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**2024**
**£**
**£**
1,505
2,142
1,505
2,142
1,505
1,505
**Overseas**
**projects**
**costs**
**Overseas**
**projects**
**costs**
**2025**
**2024**
**£**
**£**
61,744
87,335
19,569
23,649
1,680
1,680
82,993
112,664
44,233
45,680
38,760
66,984
82,993
112,664|**2024**
**£**
2,142| |---|---|---|---| ||||2,142| ||||112,664| ||||45,680
66,984| ||||112,664| - 12 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **6 Support costs** |**Support costs Governance**
**costs**
**£**
**£**
Post and stationery
637
-
Computer costs
652
-
Administrative costs
371
-
Travel and subsistence
16,947
-
Bank charges
710
-
Insurance
252
-
Independent examiners
fee
-
1,680
19,569
1,680
Analysed between
Charitable activities
19,569
1,680|**2025**
**£**
637
652
371
16,947
710
252
1,680
21,249
21,249|**2024**
**£**
538
98
332
21,657
767
257
1,680| |---|---|---| |||25,329| |||25,329| ## **7 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **8 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. ## **9 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 13 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **10 Debtors** |**Debtors**||| |---|---|---| |**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**2025**
**£**
2,875
4,912
7,787|**2024**
**£**
-
476| |||476| ## **11 Creditors: amounts falling due within one year** |Trade creditors
Accruals and deferred income|**2025**
**£**
4,377
1,680
6,057|**2024**
**£**
624
1,680| |---|---|---| |||2,304| ## **12 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**|| |---|---|---|---|---|---|---|---| ||**Balance at**|**Income**|**Expenditure**|**Balance at**|**Income**|**Expenditure**|**Balance at**| ||**1 January 2024**|||**31 December**|||**31 December**| |||||**2024**|||**2025**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Food|||||||| |programme|42|-|-|42|-|-|42| |Playground|||||||| |project|3,352|-|-|3,352|-|(493)|2,859| |Sponsor A|||||||| |Child|7,390|42,804|(42,029)|8,165|42,508|(33,220)|17,453| |Bore hole and|||||||| |water project|52|29,190|(24,955)|4,287|6,387|(5,047)|5,627| |Chimney|||||||| |Project|40|-|-|40|-|-|40| ||10,876|71,994|(66,984)|15,886|48,895|(38,760)|26,021| - 14 - **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **12 Restricted funds** ## **(Continued)** ## **Food Programme** The aim of this project is to provide sustainable food sources for the children resident in the area. ## **Sponsor A Child** This project is to provide sponsorship for the provision of children's education. ## **Chimney Project** This project is to provide installation of chimneys and cookers to the mud houses. ## **Bore Hole and Water Project** The Bore hole and well projects are to provide fresh water all year round for the sponsored children and the wider Maasai community. ## **The Playground Project** The playground project is to build play areas in remote schools in the Ngorongoro district. ## **13 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 January**|**Incoming**|**Resources**|**At 31**| |---|---|---|---|---| ||**2025**|**resources**|**expended**|**December**| |||||**2025**| ||**£**|**£**|**£**|**£**| |Unrestricted funds|(2,749)|35,535|(45,738)|(12,952)| |**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**| ||**2024**|**resources**|**expended**|**December**| |||||**2024**| ||**£**|**£**|**£**|**£**| |Unrestricted funds|1,537|43,536|(47,822)|(2,749)| - 15 - ## **THE MUDHOUSE CHILDREN'S FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_ ## **14 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 December 2025:**
Current assets/(liabilities)
(12,952)
26,021
(12,952)
26,021
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Current assets/(liabilities)
(2,749)
15,886
(2,749)
15,886|**Total**
**2025**
**£**
13,069| |---|---| ||13,069| ||**Total**
**2024**
**£**
13,137| ||13,137| ## **15 Related party transactions** The remuneration of key management personnel is as follows. Nicky Jarman (wife of a trustee) was paid £7,902 for project coordinating services, provided during the year (2024: £5,434). The charity received two donations this year from The Robin and Sylvia Goodall Charitable Foundation, totalling £12,516. One of the trustees of The Mudhouse Children's Foundation is related to a trustee of The Robin and Sylvia Goodall Charitable Foundation. The donations were made in accordance with the charity's normal procedures. - 16 -