REGASTERED CHARITY NUMBER: 1187476 rt of the Tw5te naudited Fin En March 2 for Able & Young Limited Airpon Hov5e Purley Way Croydon Surrey CRO OXZ
hildren¥ Su Foundation CIO Conien fort f the Fin ial Stsiem¢n nded 31 March ? Report of the TThsk¢s Ito2 Indepclldent Examinerfs R¢rt Statement of Finan¢i81 Aaivitie5 Balance Sheet Notts to the Financial Statements 6tolO Detailed Siatem¢nt of FInrIal A(tivitie5
The Children's Su Re for th Trust¢ Year Ended l March 20 The trustees present thcir rew)rt with the financial 5taments of the charity for the year ended 31 Mar¢h 2025. The tste¢S have adopted the provisions of A¢Uting and Reporting by Charities: Statemcnt of Recommended Practice appli¢&bl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Irelartd IFRS 102) (effective l January 20151. 0ECTIVEs AND AcfivITIES Objectives and alms Th¢ ¢)bjects of the CIO are for the public benefii of ¢hildren acrD5S the United Kingth)m and the rest of the worfd. In particular. To provide relief from sickne&8 by the provision of medical equipmeni or the improvement of fa¢ilities at hospitals or forouip¥tients ai home as the tn]stces shall de¢erniin¢ at their ab501ut¢ discrction. To provide r¢lief from sickness through th¢ support of ireathneDI, Iraining and r¢sear¢h foT the public er1¢ of hildren and young people. Such other ¢harÉtable purposes for the r¢lief of si¢knes& whether or not connected wth hospita15. as the trustees sh[ dEtermine at their absolu distr10. Sigthifl¢ant activities The CIO provided £23,547 chariiable better during the year. This was in the forni of a donation to Nottin8harn University H05Pitals NHS Trust. ACHIEVEMENT AND PERFORMANC Charitabl¢ activities Our main focus continues ro be Ibe Bearn CaTDpaiBn, which aims to ensure thai intravenou5 IIVI aecess is a more efficient and less intimidating procedure for youn8 patients and their familLC5. The ¢ampaign aims to purchasc a mobile ultrasound vein find¢r for the 26 paediatric surgical wards in the UK, as well as a training and inforniation programme. for which we need to rnise £1 million. Please read mor¢ Jbout this ambitious ¢ampaign here.. www.childrenssur foundation.OT As part of th¢ Beam Campaign, we professionally produ¢¢d a filn) in 2024 to our fundraisin8 efforts. We have been working witb the key hospitals w in pparation for donation5 for them to purchase a mobile Ultrourtd vein finder. Investment ptrfornttet The Yalue of th¢ clwity's invc5tmenl Portfolio has increased during the year with £532 gairts on investments. £(32) 1055¢5 of such gains were realised upon disposal and the remainsn8 £564 are unrealis¢d and in respect of investments still held at the year end. FINAIYCIAL REVIEW PrllltipAI futtding $owrces The principal funding SOYTces are inv¢stment income and don8tion5 by the gerter publi¢. Donions are often as a result of specific fundraising events. lllvestment policy obje¢tives The ossets of the CIO are invested in a professionally managed diverse inve5trnrnt rx)rtfolio. This is designed to achieve long-term gTQWth in both capithl and income so a5 to fuDd ¢haTitable expenditure in the forni of grants. The CIO employs Brook5 MacDonald as in¥¢stment managers for this portfolio. Reserves policy The tru5t¢es actively build Up surpluses within the 8enera] fund from whigh to pay the day to day expenses of ihe charity. This js siipported wh¢r¢ver possible by appeals. Th¢ tyvstees endeavour to mairttain a minimum of one yeae5 running costs in reserves. The ch*rity only purcha5cs equipment for whith it h#s funding. othmvise fvndraising is undertaken SPEcifi¢ally for )n stem of equipmenL The charity hAs minimal rnnning W515. STRUCTURE. GOVERNANCE AND MANAGEMENT Coveroittg dt)eument The charity is an in¢orporal¢d etstity governed under a constitution of a Charitable Incorporated Organisatiott. Page J
The Cild FIMmdation CIO rtofthe th Yew En ees l Mah 20 REFERENCE AND ADMIYISTRATIVE DAlL$ Regi$terod Charity 1187476 PrlDeipAI dS% Ockley House Lower Pl8nlation Loudwdter Rickmansworth Herffordshire WD3 4PQ Trustees Dr J Fishm# Bsc, MBBS M J Haddad, MB. Bch. FRCS Thomas WathiD5 (appointed 31 May 2024) Dr C Pardy, Bst, MBBS R Stewart. MD FRCS FRCS (Paed) Adrienne Cohen {appointed 7 July 2025) ldÈpendent txamlntr Ms Rekha Shah FCCA Able & Young Limid Airport Hous¢ Purf¢y Way Croydon Surrey CRO OXZ COMMENCEMENT OF AcfiviTIES Activities commencrd with effeffl from l A¥Yil 2020 the a¢qulort of th¢ net ssets of The Children's Surgery Foundation. Charity Registration number 283091. This is now the 5th complete yearof our Charitable activities. Approved by Order of the toard of In¢¢$0 30 January 2026 thj siwKd on its behalf by: M J Haddad, MB, Bch, FRCS- Trnse
Inde nt Examine15 Re rtiat e Trustee5 of The Children. Sur Fourtdation Cl Independent eximlnerfs report to the tnle of The Children'$ Surgery FouThd8ti•th CIO I report to the charity trnst¢e5 on my examirtation of the acctsurtts of The Children's Sur8ery Foundation cio (the Charity) for the year ended 31 Marth 2025. Resp)nsibllltl¢s And IMSi$ of rert As the chariiy twstttg of di¢ Charity you ar¢ responsible for the preparation of the accounts in 8ccordanc¢ with the requiTemenis of ihe Charities Act 2011 (Ihe Act'}. I rert in resped of my cxaminalion of the Charity'$ accounts c8rrted out under secliort 145 of the Act #T in Carrying out my examination I havr followed all applicable Directions given by the Chority Commission undeT &tIOn 145(SXb) of the Act. Independent èximin¢rf$ statement I have completed my examination. I confiTh that no maferial matters h8Vt come to my atteniion in conn¢¢tion with the examination giving me ¢wse to belieY¢ that in any material respe¢t'. counting records were no¢ kept in respect of the Trnst as requiT¢d by sectiop 130 of the Acl: or the 4¢counts do not aecord w>th those records. or the 8¢counts do not ¢omply with th¢ opplicable requircmertls Concemini the fomi and ¢4nient of ac¢ounts set oui in the Charilses (Acwunts and R¢ports} Regul10$ 2008 other ihan any requirement that the CoUnt$ $ive truc and fair view whi¢h hs not & matter ¢onsidered as part of •n irtdependent examination. I conflnn thai ihere are no other m&tt¢rs to whith your attention Should be drnwn to ¢Mble a PTOP¢f understanding of th¢ Accounts to be mched. M5 RekhA Shah FCCA Abl¢ & Youn8 Limit¢d Airport House Purley Way Croydon Surr¢y CRO OXZ Page 3
The Child Foundation CIO Ststement of Finartciai A tiv es for the Y ded 31 March 2025 31.3.25 31.3.24 Re5trict&l Total fund5 Totsl funds fid INCOME AND ENDOWMEls FROM Donations and legxies 1.027 39.82 40.919 16.171 Investment income 3.889 Totxl 4.916 39.892 44.808 20,493 EXPENDITURE ON Raising fvnd5 Charitable •etivitks Main Fund 21774 22.774 18,304 23.547 23,547 1,624 25.(A12 25,602 Tot1 41.376 23.547 71,923 54,963 Net 8ainslllosses) on investhients 532 532 NET INCOMFJ(EXPENDITURE) {41928) 16.345 126583) {25,656) RECONCILIATION OF FIJNDS Totsl fDds brnu%bt forn*rd 111.681 18.442 130.123 155.779 T(wfAL FUNDS CARRIED FORWARD 68.063 130.123 Th¢ not¢5 fomi part of these financial ststements
The Children's Su F(yJThlation CIO Balance Shtti At31 Marc 31.325 31.3.24 Restricted Total fund5 Totsl funds fund UnrestrA¢t•J FIXED ASSETS Tangible asgts Inves4n¢nts 89.198 89,198 126.963 CURRENT AET$ DelMOTS C8sh ai bank 632 16.637 632 16.637 631 17269 17.269 5.660 CREDoRs Amounts falling due within one year io (1927} 12,927} {2.5(Kl) NET CURRENT AETs 14.342 TOTAL ASSETS LESSCURRENT LIABILITIES 34.787 103,540 130.123 NET AsSs 68.663 34.787 103,540 130.123 FUNDS Uthrestricted funds Restricted funds 68.663 34,787 18,442 TOTAL FUNDS 103 540 130,123 Th¢ financial statements were approved by the Board of Trustees on 30 Januwry 2026 a1 wer¢ signed on its behalf by.. M J Haddad, MB. Bch, FRCTruSte£ The notes part of these financial ststcmertts
ildren's Su FoundalioTr Cl Noks io th Financial Stat men for the Ended l March ?025 ACCOIJNTING POLICIES sis of preprlng the fiMn¢il st•temeMts The finan¢iai statements of the ¢haYity, whith is a public benefrt entity under FRS 102. have been prepared in accordance with the Charitie5 SORP {FRS 1021 'AccouThling and Rerting by Clwitie5'. Statement of Rewmmended Practi¢¢ gpplicable to charities prepaTiDg their acLxyunts in a¢cordance with the Financial Rep)rtin8 Standord applicable in UK and Rcpubli¢ of Ireland (FRS 102) (issued on 2 O¢trTrber 2019),. Financial R¢tx)rtin8 Stsndard 102 The FinarKiai Rep)rting Stsndard applicable in the UK and Republic of Irel8tkd' and the Charities Act 2011. The financi statements have be¢n prepared under the historieal cost eonvention with the exception of inve5mients which are incluthd at market luc. &% modified by ihe revjluation of certain asS¢ts. IDCOrnt All income is r¢cosnised in the Stst¢Jn¢nt of FirtaKial Artivities once the charity has en¢id¢m¢nt to the fisnds, it is probabl¢ that the income will be ¢t1¥¢d the 4rnount ran be mesurvJ r¢liably. Expenditure Liabilities are reco8ni%d expenditure &s 5(kn as there is a legal or constructive 0blhgatl( comrnitting the charity to that tyendiiure. it is probabk that a transfer of economic b¢n¢f]ts will be reqUId in scttlement and the amount of the lIgtIOn can be measured r¢liably. ExTrenditUfe is xcounted for on an a¢¢n5 basis and has been classified under headings that a88regate all o)st lated to the Category. kn costs annot be direetly altrRlJuted to parti¢ular heIngS they ha iyen allo¢ed aaivilies on a basis Consistent wtth the use of Grants offered subjert to cotklitions whh have ttot been met at the year ¢nd d¢ are Tr)ted as A Commitment but not xcrued &% expejitIe. TangiNe fixed assets Depreciation is wovided at the following amual T5 in (th to writ¢ off each assd over its c5timated u5¢ful life. Computer equipment - 25%oD Cost TgXtion The charity is exemp¢ from tsx on its tharityble x1ivitie Fund ¢tou•timg Unrestrictrd fynds can bc used in 0rd#e with the charitsble objectives * the di5rth)n of thc trustees. Restricted fund5 on]y be usd ts 1¢18[ T¢stri¢ted purposes within the objects of the chariry. Restrictions arise when spxified by thedornyor when fimds are raised for particular restricted pury%)s¢s. Further exp?11() of the nature and purpose of eath fund 15 included in the Th)tes th¢ fmancial stat¢m¢n¢s. DONATIONS AND LEGACIES AII 2025 (bnations 8tt frrAD in5tilUtions and membcr5 of the public. INVEsfMENT INCOME 31.3.25 31.3.24 Income from lis*d invesknnents Lk$1¢ wccount interest 3.790 99 4,160 162 3.889 4.322 Page 6
The Chil ren's S Foundation CIO ci tinued Ye Ende h 2025 TRUSTEES. REMUNERATION AIYD BEIYEFITS There were no trustees, remuneration or other bth¢fits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trn$¢tts' expeDsey There were no tmstees, expttls paid forthe year ended 31 Mar¢h 2025 t)or for the year ended 31 March 2024. STAFF COSTS The aver)8e monthly numb¢rof employees duTins th¢ year was 85 follows.. 31.3.25 31.3.24 Administration No employees reetived ¢molumenis in excess of £60.000. COMPAFL4TIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restricted Totsl funds fund INCOME AND ENDOWMEiYTS FROM Donalions and le81¢S 4J9 15.732 16,171 Inve5thi¢ni income 4.322 Total 4.761 15.732 20,493 EXPENDITURL ON Raising fvnds ChAritsble ictlvltle8 Main Fund 18.304 18,304 1,624 1,624 (Xher Tot41 54,963 54,963 Nrf plnJl(los#s) on Inwutment• 8,814 NET INCOMEI(EXPENDITURE) (41,338) 15,732 125.6561 RECOI4CILIATION OF FUNDS Totsl fyndi brought forw•rd 153,069 2,710 155.779 TOTAL FUNDS CARRIED FORWARD 130 123 Pa8e 7
The CThildren's Su Foundation Cto ¢ t theFi cia] Statements- nded31 h 2025 for TANGIBLE FIXED ASSETS Computer equipmen¢ COST At l April 2024 and 31 March 2025 375 DEPRECIATION Ai l April 2024 al 31 Mareh 2025 374 I%ET BOOK VALUE At 31 March 2025 At 31 March 2024 FIXED ASSET INVEsfMEIYTS Listed B.M. clIa1 irtvesim¢Dts a¢count Totals MARKET VALUE At l April 2024 Additions Disp)sals Revaluations 124.892 2070 44.129 (45.1031 126.962 50.424 188.7211 532 (43.618) 532 At 31 March 2025 1.096 NET BOOK VALUE At 31 March 2025 88.101 89.197 Ai 31 March 2024 88.101 There were no investm¢nt &%sets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN OliE YEAR 31.325 31.3.24 Other dtlAors 632 631 CREDrroRS.. AMouKfs FALLING DUE WITHIY ONE YEAR 31.3. 31.3.24 TJxation and 50ci*I security Other credi5 627 2JOO 2.500 2.927 2,500 P88¢ 8
The Children's Su Foundation C Notes for the Fin Statem Ima MOVEMENT IN FUNDS Net movement in funds At 1.4.24 At31.3.25 Unrestrlcted (uDds Unrestricted fund Restricied fund 142.928} 16,345 68,753 34.787 18.442 TOTAL FUNDS 130 123 26 583) 103 540 Net movement in funds, includ¢d in the above are as follows= Incoming sources Resourees expendcd Gains and Movement in Its55 funds Unftitrleted Urbre5tricied fund Re$tricied fvnd 4.916 39,982 (48.376) (23.547) $32 {42.9281 16,345 TOTAL FUNDS 44.808 719211 532 26 583) cothpir9tlv for mfjv¢m•nt lrt fund8 Net movemertt funds At 1.4.23 Ai 31.3.24 UTrrestrbeted Funds Unrestricted fund REstrIed fund 133.069 2,710 (41.3881 15,732 18,442 TOTALFUNDS 23 656> 130 123 Comparntive n¢t movemeni in funds. included in the th)ve are as follaws.. Inwmini resou¢$ Resou¢9 expended OiiD$ 8nd Movement in Ios5¢5 Unrestrlcted funds Unrestri¢tsd fund Restri¢ted fund 4.761 15.732 (54.963) 8,814 (41,388) 15.732 TOTAL FUNDS 25 6561 A currenl year 12 motSth$ and prior year 12 months combined p051tion is as follows.. Net movcmeni in funds At 1.4.24 At 31.3.25 Unrestrf¢ted fvnds Unrestricted fund Restricted fund 153069 2710 {84,4061 32077 68,663 34,787 TOTAL FUNDS 155,779 52 239} 103,540 Pa8e 9
Found&lion 10 N te51 th¢Fin tinue MOVEMENf IN FUNDS- tontinued A current year l2 rn(mths gnd prior year 12 months ¢ombined Met movement in fund4, included in the &bov¢ are a5 follows-. ID¢oming resxiurc¢5 Kesour¢e5 ¢xpended Gains and Movelnent in losses funds Untestrlcted fuDds General fund 9,677 55,624 {103J39) {23.547) 9.346 (84,3161 32,077 Kt5trict¢d funds TOTAL FUNDS 65.301 126,8861 9.346 52.2391 12. RKLATED PARTY DISCLOSURES There W¢Te no related party transa¢tioMs for th¢ year ¢lld 31 March 2025. Pwlo
Th¢ Children's Foundali nCIO iled S ent IAC for arch 31.325 31.3.24 INCOME AND ENDOWMENTS DoDtioDs gttd legAcies Donations 40.919 16.171 InvMeThI Income lrtcom¢ frorn listed inv¢stmtnts Deposit courtt in¢er¢gt 3,790 4.160 162 TotAI itt¢oMlng reMurteg 44.808 20,493 EXPENDITURE R•tslThE donatlons aThd 1¢8cleo Fundraisin8 artd mwketing 22,774 18.304 Chirltable ietlvities GrBnts to insritutkons 23.547 1.624 Support costs Wages Social sccurity InsurllDce Telephon¢ Sundries Storage ¢051s l.T. costs Travel ¢osts A¢couD¢ancy fees Depreciation of tangibl¢ and heriiage assets 18.1)00 27,000 421 599 456 1,083 943 904 422 232 338 1,927 1,410 420 22.406 31.749 GovernaTrce eoits Investment managem¢nt fees Independent examirtatiOD fec 1.036 1,126 Totsl rewwrtes ¢xpended 71,923 54,963 N¢t expenditure befort ¥lllllS And1051eS 127,1151 (34.4701 RellJed reeognlsed Ealns #nd louu Gains 11055es on investtnents 532 8,814 Net ¢KpendAlurt 26583) 25 6561 This p8ge th)es not fomi part of the stalory financial st4t¢ments PaBcII