REGISTERED CHARITY NUMBER: 1187476 n of the Tru5 dited Fin2ncia] Statements for th Year Ended 31 Ma for The Children's Su Foundati Able & Young Limited Airport House Purley Way Croydon Surr¢y CRO OXZ
The Children's S Foundatiijn CIO Contents of the Financial Statements for the Year En 31 March 2024 Page Repcfft of the Trust¢¢s Ito2 IndepEndent Exarninee5 Report Statement of Financial Activities Balance Sheet Notes to the Financilll Statements 6tolO Detailed Statement of Financial Adivities
The Children 5 Su Foundation CIO Ke ort ofthe T for the Year En es 31 March 2024 The 1TUStees present their rew)rt with the fanCial5teMcnts of the tharity for the year ended 31 Matth 2024. The trustee5 have adopted the provisions of A¢¢ounting and RwTrrting ty Charities: Stsment of Recommended Prdctice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Sthndard applithl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2015). OWEcfivES AND ACTIVITIES Objeetives and •lms The obj¢d5 of the CIO are for the publi¢ benefit of children across ihe United Kingdom and the rest of the world. In partirular: To provide relief frorn sickness b). the provision of medical equiproent the irnprovemeTht of f]litt¢S at hospltals or for outpatients at home as the trUetS shall detennine at their absolute discretion. To Provide relief from sickness through the suppiyl of treatm¢nL tiJining and Tesearch fr the public benefit of children and young rople. Such other charitible purposes for the relief of sickness. whether or not connethd with hospitals. &8 the trustees shall detennine at thcir obsolut¢ dis¢retion. Significant Aetlvities The CIO provided £1.624 clwitable benefrts during the year. This was in the forni of a donalion to Global Club(oot. It expects to continue with such expenditure as its main activity in subwuent years. ACHIEVEMENT AND PERFORMANCE Charilable activities Our main fuS continues io The Beam Campaign. which aims to ensure that intravenous (IV) *¢ess is a more effici¢nt and less intimidating procedure for young p3tieDts artd thrir famtlies. The campaign aims to purchase a mobile ultrasound vein finder for the ?6 paediatric Surgical wards in the UK. as well as a rrainin8 and inforniation programme. for whieh we need io rdise £1 million. Please read more about this ambitious campaign here.. www.childrenssu foundation. As part of the Beam cam&Ign. we professionally w(duced a film to aid our fvthisTng efforts. We have b¢en working with three key hospitals to in preparation fff donations rc them to wr¢has¢ a mobile uhrasound vein finder. Investment performantt The Value of the charity's investment rtfOlIO lJ&% increased during the yw with £8,814 8ains on tnveslrnent5. £2.716 of such gains were realised upon disw>5al and the remaining £6,098 are unrealised and in re5P¢Ct of investments still held the year end. FINANCIAL REVIEW Prlncipal fundirtg sourees The principal funding wurces are investmeTht income and Ihywtions by the generdl public. Donations are often as a result of slf1¢ fwidrai5in8 evEnts. Investment pollcy and obj¢rtlve5 The assets of the CIO are invested in a professionally managed divetse investment tfOlIO. This is d¢5]ed to achieve long-tern) growth in Gapital and inc¢)me so &% to fimd charitabk expendityre in the forni of grants. The CIO employs Brook5 mDonald &8 iDve5tment managers for this Ff01. Reserves PDIicy 'The trusiees activ¢ly build up sU1$¢S within the 8eneral fiuKI from which to pay the day io day expenses of the charity. This is 5UPIM)rted wherever [Klble by apa]s. The tnhstees endeavour maintain a minimum of one y¢arfs running costs in reSeeS. The charity only puwhases equipment foT which li has fimdin& otherwise fundraising is undertaken specifically for an item of equipment. The ¢harity has minirnal running ci)sts. STRUCTURE, GOVERNANCE AND MANACEMENT Governing The chority 15 inCOOrated entity governed UDd¢r a CLMAituuon of a Clwitable InCorrated Organisation. Page I
The Children's S FowKlthom CIO of the Trustees forthe Year Ended 31 Mthl 2024 REFERENCE ANDADMtNL5TRATIVE DETAIIS Registered Charity 1187476 Prleipg1 address Oekley House Lower Plantstion Iwater Rickmansworth Hertford%hire WD3 4PQ Trwsttts Dr J Fisluw BS4 MBBS M J Hadda4 MB, Bc FRCS B S Correa% Gomez(resiglled l October 2023) Drc Pardy. Bsc, MBBS R Stewart. MD FRCS FRCS (Pa¢d) Independent eAarni•¢r Ms Rekha Shah FCCA Able & Young Limtd Ajtport House Purley Way Croyd(KA Surrey CRO OXZ COMMENCEMENT OFACTIVITIES Activities ¢omrn¢nced with effect from l April 2020 up)n the wuisiti(m of the assets of The Children's SuTg¢ry Foundation, Charity Registration nllmbtt 283091. This is now the 4th c(Thplete year of our charitsble activities. Approved by (Yder of tbe ixwd of trSt¢eS on....... . . . ... on its bEhalf by: MJHathJ B. BCK FRCS-
Inde deni Exarninevs Re rt to the TNstees of The Children's Sur Foundation CIO Independenl examiner's report to tht trustees of The Chlldren'5 Surgery Foundatio CIO I rew)rt to the charity tNstees on my ¢xamination of the accounts of The Children's Surgery Foundation CIO (the Charity) for the year ended 31 March 2024. Responsibilttlu hsis ofreport As the charity trnstees of the Chariry you are responsible for th¢ preparation of the accounts in accordance with the requirements of the Charities Act 2011 Cthe Adj. I reFOrt in respect of my examination of th¢ Charity's accounts ca]ed out under section 145 of the Aa and in canying oui my examination I have followed all applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examlner's 5t4temtnt I h&ve completed my ¢xaTnitiation. I confimi that no material rnatters have come to my attention in conn¢clion with the examination giving mc cause to believe that in any material respea.. accounting records wer¢ not kept in respect of the Trusl as required by section 130 of the Act; or thE accounts do not a¢cord with those records. or thE accounts do not Comply with the applicable requiremenls conrxming th¢ form and content of accounts set out in the Charities (Accourtt4 and Rer) Regulations 2008 other than any requirement that the accounts give a true and fair view whieh is not a matter considered as part of an indep¢nd¢ni erdmination. I confm that there are no other matters io which your attenlion should be drawn to enable a proper understanding of the accounts to be reed. Ms Rekha Shah FCCA Able & Young Limit Airport House Purley Way CroydiTrn sU¢Y CRO OXZ Page 3
The Children's Sur Foundation ment of Finan f rtheyear ial Activtiies 31 March2 24 31.3.24 31.3.23 Restricted Total funds Total funds fijnd UDrestrieted fijnd Not IL¥COME A.P4D ENDOWMENTS FROM Donaiions and legacies 16.171 16,171 22,808 Investhieni income 4.322 Totsl 20,493 20.493 28,875 EXPENDITURE ON Raising ndS Charitable a¢¢ivlties Main Fund 18.304 18J04 2,104 1.624 1.624 0.829 Other 35,035 Tot41 54,963 54.963 79.123 Net gail(1¢)55¢$) on inve5tsnents 8.814 11629) NET INCOMFJ{EXPENDITURE) 125.656) (25.656) {61,877) RECONCILIATION OF FUNDS Total brought forw•rd 155.779 155.779 217,656 TOTAL FUNDS CARRIED FORWARD 130 123 130 123 155 779 The e5 fonn part of these fmanciJl #at£ments
The Children's S F(MndioD CEO Balance Sheet At 31 March 2024 313.24 31.3.23 Unrestri¢te Restricted Tirtal funts T(rtal fund FIXED ETs Tangli )le assets Investments 126.962 126.962 139.115 12&963 126. 139.116 CURRENfASSETS D¢btors Cash af bonk 9 631 298 24.178 CREDITORS ATnounis falling wtthin one year 1 {25} (2JW) (7,515) NET CURREiYT ETs 3.1 16,663 TOTAL ASSETS LESS CURREKr LIABILITIES 130.123 130,123 155.779 NET ASSETS 130 123 130.123 155.779 FUNDS UnrestrACted funds li 130.123 155.779 TOTAL FUNDS 130.123 155.779 // Th¢ fiTwirial 5t&ements WWE 4yoved by the of Tn ........- ....... ._............. ..... and were sig1 its behalf by: MJ Bc FRCS.Truste¢
The Children'5 Sur Foundation CIO o th¢ FiDa ial Statements for the Y¢ar Ended 31 March 2024 ACCOU]YTING POLICIFS Bgsls ofprepring Ibe fiaaAcbo1 stateMts The flnancial statements of the charity, which is a public knfit entity under FRS 102, hav¢ b¢et] PTepared in accordance with the Charities SORP (FRS 102) 'AcciyJnting and Reporting by ChJriti¢5: Statement of Re£ommcntkd Prauice applicable to tharitie5 PTq)aring thetr accounts in accordatKe with the Financial Reporting Standard applicable in the L'K and Republic of Ireland (FRS 102) (issued on 2 October 2019),. FÉnancial Reporting Standard 102 Financial Repming Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The flljancial stalements have bEa] prepared under the historical cost convention with the exception of investments which are included at Tharkd va]ue. modified by the revaluation of certain assets. Income All income is reeognised in the Swement of Financial A1VItieS once the chariry has entitl¢m¢nt to the futu1& it 15 probable that the income will be received and the atnthjnt be meayjred reliably. Expendltmre Liabilities are rwised a5 exditie as s(x)n as there is a legal or constn]rtiwe obligation committing th¢ ¢harity to that expenditure, it is probable that a sransfer of econoThic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExrndiwTe 15 acwunted for on an accnjals basis and hes been classified under he2din8% that aggregate all cost related to the category. Where costs ¢armiM be directly attributed to particular he&lings they hav¢ been alled to aLtibities on a basis consistent with the use of Grants offered subiKt to conditions which have not been met * the year end da are DOt¢d as a commitment bul not ar(nd &8 expendiwre. T8ngible rued t5 DeprKiation is provided at th¢ following annual rdtrs in order to write off exh assrf over its esiimat¢d use1 life. Cornputer equipment .25%onco T8xati(Mb The charity is exempi from tax on its charitable adivities. Fund #¢¢ountlng Unrestriried funds can be uscd in accor with the tharitsble objectives at the di5¢retion of the uvstees. Restricted funth can onty be used for partiojlar restrictrd purtise5 Wlthin the objects of the eharity. Restrictions arise when specified by the d(M or when futth are rnised f(r paTticular restricted purposes. Further expl8n21ion of the natyre and pu4y)se of each fi]nd 15 lrt¢lud¢d in the notes to the fjnaneial statements. DONATIONS AND LEGACIES AII 2024 donations are from instituiions and memkn of the public. INVESTMENT INCOME 31.324 31.3.23 Incom¢ from listed investments Deposir account int¢Te5t 4.160 162 5,975 92 Page 6
The Children's S FOdation CIO Notes w th Financial Sthtements- con for the Year Ended 31 Matrh 2024 in TRUSTEES, REMUNERATION AND BENEFITS There were no ttwstees, remllncration or other benefits fty the year 31 March 2024 nor for the year ended 31 M8r¢h 2023. Trustees, expellses There were no tTUStees' expenses paid for the year ended 31 March 2024 noT for the year ended 31 March 2023. STAFF COSTS The averdge rnOAthty number of employee5 duTing th¢ yearwas as follows: 31.3.24 31.3.23 Administr&ion No employees re¢eived emoluments in excess of £(l.{MM). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢5trirt¢d fid Restricted Total fvnds fimd INCOME AND ENDOWMENTS FAOM DoDations and legacies 22,808 22.808 Investment income 6.067 6,067 Total 28.875 28.875 EXPENDITURE ON Raising funds Ch*ritsbk activities Main Fund 2.IIM 2,104 20.829 20.829 her 56.19) 56.190 Tolal 79.123 79,123 Net gains1(losses) on investments 11629) NET INCOMEI(EXPENDITURE) (61.877) (61,877) RECONCILIATION OF FLThDS Totsl fynds brought forvArd 217,656 217,656 TOTAL FUNDS CARRIED FORWARD 155.779 155.779 Page 7
Th¢ hildren's Su Foundation Cl Note% to ihe Finan for the Year F. eni M rch 2024 continued TANGIBLE FIXED ASSETS Computer equipment COST At l April 2023 and 31 March 2024 375 DEPRECIATION Ai l April 2023 and 31 March 2024 374 NET BOOK VALUE At 31 March 2024 At 31 March 2023 FIXED ASSET INVESTMENTS Listed B.M. Capiial investments aOUnt Tal5 MARKET VALUE Al l April 2023 Additivns Disposa15 Revalualions 136.021 8,988 (28.932) 3,094 29,089 (30,113) 139,115 38,077 (59,0451 At 31 March 2024 124 892 2.070 NET BOOK VALUE Ar 31 Morch ?024 124 892 126,962 At 31 Mor¢h 2023 139,115 There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 631 298 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Taxaiion and yo¢ial security Other creditors 3,041 4,474 Page 8
Children, Foundation CIO Notes to the Fi citl Siatemeni for th¢ Year Ended 31 March 20 MOVEMENT IN FUNDS N¢t movement in funds At 1.4.23 At 31.3.24 Unresirleted funds General fund 155.779 (25,656} 130,123 TOTAL FUNDS 155779 25,656) 130 123 Net movement in funds, included in the above &re ag follows: Incomin8 resources Resources expended Gaini and Movement in losses funds Unrestrlcted funds Cieneral fund 20,493 154.963) 8,814 125,656) TOTAL FUNDS 54 9631 25 656) Comp4r4tfves for movement In fund$ Net movemeni in ndS At 1.4.22 At 31.3.23 Unr¢gtrlcted Fundj Gen¢ral fund 217,656 {61.877) 1 $5,779 TOTAL FUNDS 217656 61877) 155 779 Comparative net movemeni in funds, included in the abov¢ ore as fvllow5'. Incoming resourc¢s Resou¢3 expended Gains and Movemeni in losses funds Unreytrlcted funds General fund 28.875 (79,123) (11,629) {61.877) TOTAL FUNDS 79 123) 11629) 61877) A current year 12 months and prior ye&r 12 months combined position is as follows: Net movement in fund5 Ai 1.4.22 At31.3.24 Unrestrlcted funds Gtneral fvnd 217.656 87 533) 130 103 TOTAL FUNDS 217656 87.533) 130 103 Page 9
The Children's Foundation CIO Notes the Financial Statements- continued for th¢ Year Ended 31 March 2024 ii. MOVEMENT IN FUNDS- eoDtlued A current year 12 months and Prior year 12 months combined net movemeT]t fund8, included in the above are as follows- Incoming Resources resour¢es exp¢ndJ G4in$ and Movement in losses funds Unrfstricted funds General fund 49 134 086) 87,533) TOTAL FUNDS 49J68 134.086) 2.815 87,533) 12. RELATED PARTY DISCLOSURLS There were no related party transathions forthe year ended 31 Marth 20?A. Page 10
The Children's S Foundation CIO Deiailed Sement of Financitil A1VItIeS for the Year Ended 31 Mareh 2024 31.324 31.323 INCOME AND ENDOWMENrs Donations and le8atie Donations 16.171 22.808 Investment inco¢ Ineome from listed inve5trnents Deposit aceount interest 4,160 162 5.975 92 6.067 Tot*1 inCOmiDg resources 20,493 28.875 EXPENDITURE Raising donations and kgaeies Fundraising and marketing 18J04 2,104 CharitablE activities Grants to institutions 1,624 20,829 Support Costs Management Wages Socia] security Insurartce Telephone Sundries Storage costs l.T. costs Trdvel costs Conf¢renc¢ f¢es Deprlation of tangible and herwfag¢ Sets 27,IMM> 48,0(H) 652 415 206 76 2,023 455 105 461 124 422 232 338 1,927 1,410 420 31.749 52.517 Goyernance cost5 Investtnent management ftes Independent examination fee 1,126 1,513 3.286 3.673 Tot81 r¢sources expeDded 54,963 79,123 Net expendlture before gaiTrs and kthes (34,4701 {50.248} Reallsed reeognlyed 8¥IjAS And Ios Gains I losse5 on ujvestrnents 8,814 (11,629) Net expenditsre 25.656 61.877 This page ¢kns not fonn part of the 5È#mtory fmancial statements Pagell